The Business Times, 30 March 2009

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Total Pages: 28
1 28 The Business Times
  • 23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg mm A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Monday, March 30,2009
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  • 791 1  -  LYNETTE KHOO This despite recent accounting scandals and corporate governance failures at some S-chips By [SINGAPORE] The Singapore Exchange (SGX) is still keen to attract Chinese listings, despite the massive blow dealt to the reputation of S-chips by a slew of accounting scandals and
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  • 559 1 Reuters Geithner will not say if it will ask Congress for more [WASHINGTON] US Treasury Secretary Timothy Geithner said yesterday that the government has about US$l35 billion left for bank bailouts, but he refused to say whether it will ask Congress for more
    Reuters  -  559 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 70 1 WT7HBII VIEWS FROM THE TOP CORPORATE FINANCIAL CRISIS BizlT L Pump-priming the NEWS Final instalment of the Nortel's Q4 revenues V Q WUS economy: Too little, too late? AGM season kicks off BT-NUS series in Asia up 30% ISM Wsm PAGE 12 PAGE 2 PAGE 11 PAGE 26 1 ir^
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  • TOP STORIES
    • 1006 2  - In vestors face earnings reality check ahead /ANDREW MARKS WALL STREET INSIGHT After 20% surge in 3 weeks, market turns wary as Q1 results season looms By in New York IN a year of historic events on Wall Street none has been enjoyed by investors nearly so much as the
      AFP  -  1,006 words
    • THREE-MINUTE DIGEST
      • 69 2 THE Singapore Exchange is still keen to attract Chinese listings, despite the massive blow dealt to the reputation of S-chips by a slew of accounting scandals and corporate governance failures. This flies in the face of the expectations of some market watchers who
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      • 79 2 US Treasury Secretary Timothy Geithner said yesterday the government has about US$l35 billion left for bank bailouts yet refused to say whether it will ask Congress for more this year. He conceded that US banks likely will need "large amounts of
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      • 72 2 IN a year of historic events on Wall Street none has been enjoyed by investors nearly so much as the over 20 per cent rally that has taken place over the last three weeks. Now comes April and a major reality check
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      • 56 2 AS the first quarter almost draws to a close this would be the second quarter in a row that the major rig builders have gone without a single significant newbuild order, starkly bringing home the reality that an industry lull has definitely
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      • 56 2 THE Ministry of Health is set to further liberalise the use of Medisave to include coverage of non-urgent hospitalisation in approved hospitals overseas, and home palliative care. Both initiatives, which will be launched later this year, were revealed by Health Minister Khaw Boon
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      • 80 2 A REPORT by the Institute of International Finance has acknowledged that bonuses paid to bankers and other financial industry executives have, in many cases, been out of line with professional performance and with the wider interests of their firms. The Washington-based lIF, which speaks
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      • 81 2 CHINESE central bank governor Zhou Xiaochuan said last Saturday that it was uncertain whether China's economic slowdown had ended and he called for more financial reforms in the face of the worldwide slump. Mr Zhou said: "You know it still very much depends on
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    • 553 2  -  JAMIE LEE Tough questions are expected on worries over recession, fraud By [SINGAPORE] It's that time of year again when shareholders gather for annual general meetings (AGM). About 20 companies are set to meet their investors in the first wave of AGMs, with many more to
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    • 1003 4  -  STEVE SLATER By FORGET the financial recession. Forget the pre-season politics. Forget, for the moment at least, even the deliberations of the FIA Stewards, the claims, counter-claims and protests by some of the teams. Where it matters most, on the race track, the 2009
      AP  -  1,003 words
    • MARKETS DIGEST
      • 51 4 Weekly Change 1,745.66 +148.74 >T Index 1 COMP 885.43 +28.61 IIKKEI225 8,626.97 +681.01 1ANG SENG 14,119.50 +1285.99 SET INDEX 440.81 +11.17 JAKARTA COMP 1,462.74 +101.85 1ANILA COMP 2,040.25 +206.35 ;eoulcomp 1,237.51 +66.57 iHENZHEN B 351.48 +16.10 IUMBAI IND 10,048.49 +1081.81 )OW 7,776.18 +497.80 IASDAQ 1,545.20 +87.93 ;&P 500 815.94
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      • 29 4 Bloomberg SINGAPORE 5.38 MALAYSIA 5.53 HONG KONG 5.00 INDONESIA 16.663 TAIWAN 4.826 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.50 SWITZERLAND 0.52 INDIA 12.25 Source:
        Bloomberg  -  29 words
      • 47 4 US$ (S$ per US$) 1.508 (US$/S$ per 1.442 2.174 EURO (US$,S$/E) 1.356 Foreign currency per US$ 2.044 S$ YEN 97.90 64.90 RM 3.613 2.396 HK$ 7.750 5.139 BAHT 35.31 23.42 RUPIAH 11,492 7,621 RENMINBI 6.832 4.531 INDIAN RUPEE 50.60 33.55 A$ 1.433 0.950 NZ$ 1.744 1.157
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  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 181 3 ULTRA DEEP PERFORMANCE TECHNICAL SPECIFICATIONS Keppel FELS and Ensco International Length Overall (Approx) 340 ft are pleased to celebrate the naming of Pontoon Length 310ft ENSCO 8501, the second of seven LengthofMainDeck ENSCO 8500 Series® ultra deepwater ~77T7 drilling rigs being built by Keppel FELS. Breadth of Main Deck 240
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  • Page 4 Advertisements
    • 2804 4 W*27 rTK^rT/nrr To"free: 180°-289-8822 V IV 11| I I L W Email: notices@sph.com.sg _L V^>/ J_ J.VJ i' k3 www.cats.com.sg Parkway Holdings Limited Park wav Ho] Hin Od (Incorporated in the Republic of Singapore) rilKWdy nuiuillgb (Co. Reg. No. *****0320R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN That
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  • COMPANY NEWS
    • 841 5  -  VINCENT WEE Two quarters gone by without a big newbuild order as industry lull sets in By AS the first quarter draws to a close, this will be the second quarter in a row that the major rig builders have gone without
      REUTERS  -  841 words
    • 393 5 Mar 27 BANKS ABN Amro Bank NV 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banca Di Roma Singapore branch 6.5 Banco Bilbao Vizcaya Argentaria, S.A 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5
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    • 493 7 Enzer Corp E China Taisan Tech A Gul Tech A Pacific Shipping Trust A NUSS Kent Ridge Guild House, 9 Kent Ridge Drive.Singapore *****1 No. 1 Kallang Way 2ASingapore *****5 Singapore Art Museum, The Auditorium, 71 Bras Basah Road.Singapore *****5 Capital Tower, 168 Robinson Road, STI Auditorium, 30
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    • 663 7  -  YEN SREENIVASAN THE recent slew of corporate fraud and scandals is testing the integrity and reputation of the Singapore securities market. Broadly, they can be placed in three categories. The first is where audited numbers appear to have been simply cooked up, as in the case
      663 words
  • Page 5 Advertisements
    • 122 5 FREE UPGRADES ON THE WORLD'S MOST AWARDED AIRLINE FLY WITH US FROM 1 APRIL TO 30 JUNE 2009, AND EARN FREE UPGRADES* TO ANY SINGAPORE AIRLINES DESTINATION. With as few as two Economy Class return trips, you could A m enjoy a complimentary upgrade on your next flight. All iBBk
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  • SINGAPORE MARKETS
    • 785 6  -  R SIVANITHY STOCKS LAST week's column raised the likelihood of a play on the major indices because of probable quar-ter-ending window-dress-ing. To be honest, the play that did materialise has caught us and many others by surprise, virtually erasing all of the Straits
      785 words
    • 1015 6 Legends US$; Rmb; HK$; A) As; Pound; Rupiah; Yen; tee) Euro; AA) Baht; RM; Peso; AAA) Rs; NTS; (ag) Dividend/Distribition; (ah) Final; (ai) To be announced; (aj) Final Tax Exempt; (ak) Final Tax Exempt (One Tier); (an) First and Final Tax Exempt (One Tier); (av) Interim Tax Exempt;
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    • 389 6 ■AFP CURRENCIES [HONG KONG] Asian currencies ended the week mainly up against the dollar, but the yen lost ground, with analysts awaiting the results of the Bank of Japan's quarterly tankan survey this week for guidance. Japanese yen: The yen eased against the dollar
      ■AFP  -  389 words
    • 247 6 AFP COMMODITIES [LONDON] Oil prices rallied this week on signs of a rosier future for the US economy, which in turn weighed on gold futures as investors pulled out of the "safe-haven" yellow metal. Oil: Oil prices surged past US$54 a barrel in
      AFP  -  247 words
    • 1412 6 Source: Thomson Reuters Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price lompany name Mlgreen Props >erties 2.92 2.83 12 5.39 7.89 0.54 0.42 ,RA Asset Mi 2.00 2.00 2 6.05 7.36 0.65 0.43 ,rmstroni Industrial 1.50
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    • 4 6 WEEKLY
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    • 62 6 Mar 27 VALUE CLOSE BT OB/OS 653.00-157.00 BT CADI -*****.00 +8.00 BT 10-day MA -*****.00 +65.00 FTSE ST Mid Cap 343.38 +3.04 FTSE ST Small Cap 261.15 -0.94 FTSE ST All Share 413.70 -2.10 FTSE ST China Top 152.98 +0.18 FTSE ST China 148.80 +0.01 UOB Catalist
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    • 56 6 VOLUME Chartered R 696,499,000 China Honqxinq 441,123,000 Golden Aqri 364,751,000 CapitaLand 251,283,000 Chart SemiCond 190,482,000 ChinaESave 177,833,000 Cosco Corp 150,411,000 SingTel 139,032,000 Noble Grp 135,880,000 NOL 128,249,000 VALUE(S) DBS Grp 581,274,200 CapitaLand 568,430,874 UOB 527,637,674 SingTel 352,574,392 OCBC Bk 286,220,880 Keppel Corp 258,984,555 SGX 218,740,120 Wilmar 175,718,934
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    • 119 6 BY CENTS CLOSE UP 6078 690.5 8.1 DBXT Ni 10US$ DBXT FTChina25 10US! 2124 352.8 12.4 OCBC Bk5.1%NCPS 100 9300 200.0 2.2 UOB 5.05%NCPS 100 9300 200.0 2.2 China H 10US$ 1100 176.4 11.9 Jardine C&C 1170 171.0 17.1 OCBC Bk4.5%NCPS 100 8150 150.0 1.9 OCBCCai 5.1%NCPS 100 8810
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    • 120 6 Closing prices are in trading currencies, but absolute difference is in Ss. DBXT S&P Short 10US$ CLOSE DOWN 7778-832.3 -6.6 GLD 10US$ 9190-429.7 -3.0 Thai Prime Fd 330-104.0 -17.3 OCBCCai :.93%Pref10 6950 -50.0 -0.7 JSH 1004 -36.2 -2.3 Kei RBePW/*****6 114 -35.0 -23. STI 1950BNPePW*****9 42 -35.0 -45.5 Daiwa
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    • 86 6 Mar 27 CHNG CLOSE FRMar26 YR 2008/2009 S$ LOW S$ HIGH USS 1.5097 -0.08 1.5579 1.3457 Euro 2.0428 0.13 2.2064 1.8640 Pounds 2.1747 1.24 2.8431 2.0356 AS 1.0550 0.35 1.3251 0.9068 Yen* 1.5386 -0.11 1.7278 1.2619 Rupiah* 0.***** -0.47 0.***** 0.***** Baht* 4.2792 -0.22 4.4299 4.0190
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    • 1570 8  -  TEH HOOI LING BEAR rally or a new bull rally whatever the case may be, the fact is, stocks have staged a strong broad-based gain not seen for months. The Straits Times Index ended last week at 1,745.66, up 148.74 points or 9.31 per
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    • 1298 8  -  ROBERT HALILI INSIDE MARKETS By THE buying rebounded sharply while the sales activity among directors remained low last week based on filings on the Exchange from March 23 to 27. A total of 32 companies recorded 71 purchases worth $8.8 million versus two
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  • Page 7 Advertisements
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  • SINGAPORE NEWS
    • 469 9  -  SIOW LI SEN By A MAJORITY of Singaporeans worry about their ability to pay their mortgages while expats are fretting over smaller incomes, a survey by Zurich International Life (ZIL) showed. "I wonder about the result if the survey is done now,"
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    • 372 9  -  l ONG BOON KIAT Hospitalisation overseas, home palliative care will now be covered By THE Ministry of Health (MOH) is set to further liberalise the use of Medisave to include coverage of non-ur-gent hospitalisation in approved hospitals overseas, and home palliative care. Both initiatives, which will
      372 words
    • 344 9  -  ONG BOON KIAT By ACQUIRING financial management skills not only benefits one's bank account, but is a vital cog in the understanding of national financial issues. And there is no better time to embark on this "life skill" than when one is young, Senior Minister
      344 words
    • 121 9 WEE Ec Cheong, UOB's deputy chairman and chief executive officer, leading UOB staff and friends in the annual charity run/walk yesterday. About 2,400 runners and walkers gathered at the UOB Plaza atrium in the morning to participate in the UOB Heartbeat Run/Walk a run of about 6.5
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  • Page 9 Advertisements
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  • BT-CITIBANK YOUNG INVESTOR'S FORUM
    • 1263 10 Just like a successful marriage, investing well means riding the ups and downs of the market and taking a long-term view of your investments' prospects, SIAS chief DAVID GERALD told students at a recent conference HEN I was your age, I was not studying or
      AP  -  1,263 words
    • 1058 10 CAMPUS LIFE Armed with an entrepreneurial spirit, four students from Ngee Ann Polytechnic share with MAYBEL CHONG their experiences of running their very own Cheers outlet on campus THEY are in only their second year of study at the polytechnic, but have already assumed
      1,058 words
    • 158 10 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
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  • Page 10 Advertisements
    • 46 10 citibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
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  • FINANCIAL CRISIS
    • 1181 11 Modified objectives and strategies will guide leaders, write ISHTIAQ MAHMOOD and KULWANT SINGH SINGAPORE is now in what may be its most severe recession of the last three decades. The eventual recovery of the world economy will facilitate Singapore's recovery. But what should Singapore firms
      BLOOMBERG  -  1,181 words
  • Page 11 Advertisements
    • 309 11 mA FORUM towards better Date Ihußdl» 2 April 2009 •I i %2 o o 9 governance and transparency Time 900am"1230pm I Venue NTUC Business Centre Auditorium, Level 7 1 Marina Boulevard i.iisi.lll, nweenua, ociiiui miiiioici v, OLmciui rinaiiocaiiu nanoMUii ReqiStratJOll Fee $60 Corporate Governance and Financial Reporting Centre Session 1:
      309 words

  • VIEWS FROM THE TOP
    • 1981 12 THIS WEEK'S TOPIC Is the US$l.2 trillion injection by the Fed the right move at this time? Have the US government and financial institutions now done enough to pull the economy out of recession? R Theyvendran Chairman/Managing Director Stamford Media THE capital injection into the economy
      REUTERS; AFP; BLOOMBERG  -  1,981 words

  • FORMULA ONE
    • 1327 13 NYT.AFP Those who hope that Fl can again be one of sport's most gripping spectacles will be riding with Lewis Hamilton IT WAS one of the most fraught final laps in a century of grand prix motor racing, culminating in the last-corner pass by Lewis
      NYT.AFP; AP  -  1,327 words
    • 243 13 Reuters [MELBOURNE] Virgin Group are not bucking a trend by entering Formula One as a sponsor despite some others heading for the exit, McLaren chairman Ron Dennis said on Saturday. "Richard Branson is a hugely successful global businessman, and it's
      Reuters  -  243 words
  • Page 13 Advertisements
    • 1571 13 _L^l Vta^ X. -I_^^J I > kj Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg IN THE MATTER OF I IN THE MATTER OF the COMPANIES ACT, CAP. 50 ™£2£EZk COMPAT^ACT (CAP. 50) Chartered Semiconductor Manufacturing Ltd. INTHEMATTEROF CAP.SO IN THE MATTER OF r>^§ lr* r"» Iff-S^Wf\ /~l 60 Woodlands Industrial Park
      1,571 words

  • DINING OUT
    • 725 14  -  Jaime E& NEW MENU Les Amis #02-16 Shaw Centre 1 Scotts Road Tel: 6733-2225 IF there's one positive thing that can be said about the recession, it might be this: for a bunch of supposedly depressed people, we sure are eating
      725 words
    • 765 14  -  Cheah Ui-Hoon NEW RESTAURANT Gulf Beach Restaurant &Cafe 41 Arab Street Tel: 6292-2330 PART of what makes food from a particular country "authentic" are the ingredients used. At Gulf Beach Restaurant, spices from Lebanon and Syria are used to create Lebanese fare, says Lebanese
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  • Page 14 Advertisements
    • 317 14 I MXUK V :.l li.^-A\Nio;;:.\,i!' o"1 41 Lz/t your sjbinf on Sundays. -^je^:. jm A i Reserve your Sunday for an exciting treat of fresh seafood and foie gras. Ik^ M Wlv§ With Louis Roederer Champagne as accompaniment, you can toast the week with friends and family whilst you unwind.
      317 words

  • ECONOMY WATCH
    • 518 15  -  ANTHONY ROWLEY RUN-UP TO G-20 SUMMIT lIF report says pay policy led to excessive risk-taking and that reforms are under way By in Tokyo A REPORT by the Institute of International Finance (IIF) has acknowledged that bonuses paid to bankers and other financial industry
      518 words
    • 403 15 AP [VINA DEL MAR, Chile] Britain's prime minister and the president of Latin America's largest nation made energetic appeals for stricter oversight of the global financial systems, at a warm-up to the Group of 20 (G-20) meeting in London this week.
      AP; AFP  -  403 words
    • 308 15 -Reuters Only Liechtenstein, Andorra, Monaco on current blacklist [WASHINGTON] The G-20 group of major economic powers will issue a statement this week encouraging countries that serve as "tax havens" to increase transparency and adopt international standards, a US official said on Saturday. Michael Froman,
      -Reuters  -  308 words
    • 297 15 NYT [NEW YORK] Governor David Paterson and leaders of the legislature have reached a deal to temporarily raise taxes on New York's highest earners to close the state's budget deficit, lawmakers and officials said on Saturday. The new plan, which
      NYT  -  297 words
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  • MALAYSIA
    • 577 16  - Dr M 's shadow looms large again S JAYASANKARAN MALAYSIA INSIGHT As incoming PM Najib gets down to the business of governing, he'll have a familiar figure trying to be a 'back-seat driver' EVEN as he was making his farewell appearance before members of the United Malays National Organisation (Umno),
      577 words
    • 340 16 Reuters [KUALA LUMPUR] Malaysia's incoming prime minister will radically restructure the country's economy and its state companies to make them more efficient and to wean them off dependence on the government, a source told Reuters on Friday. Najib Razak, currently deputy
      Reuters  -  340 words
    • 199 16 AFP [KUALA LUMPUR] More than 26,000 people have lost their jobs in Malaysia so far this year as the economic slowdown forced employers to cut back, state news agency Bernama reported yesterday. Malaysian Employers Federation executive director Shamsuddin Bardan told Bernama he
      AFP  -  199 words
    • 2170 16 lar 27 RM Cooo] A& M Realty 0.33 AbricBhd 0.18 advance Synergy 0.09 Adventa Bhd 0.82 Ae Multi Hldgs 0.12 Affin Holdings 1.35 Ahmad Zaki Resou....0.55 AicCorp 0.41 Airasia Bhd 0.97 Akn Technology 0.15 alliance Financi 1.69 aluminium Co 0.81 Amalgamated Ind ....0.30 Ammb Hldgs Bhd ....2.63 Amtel
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  • Page 16 Advertisements
    • 2042 16 V<27 rTrv^TT/nrr To"free: 180°-289-8822 V IVIII L W Email: notices@sph.com.sg JL Vta>/ JL JL^^ I■■ l 3 www.cats.com.sg A PINE AGRITECH LIMITED (Incorporated in Bermuda) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Pine Agritech Limited (the "Company') will be held at Traders
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  • GREATER CHINA/INDIA
    • 588 17 -Reuters, AP Central bank governor calls for more financial reforms [MEDELLIN, Colombia] Chinese central bank governor Zhou Xiaochuan said last Saturday that it was uncertain whether China's economic slowdown had ended and he calls for more financial reforms in the face of the worldwide
      -Reuters, AP; AFP  -  588 words
    • 268 17 ■AFP [NEW DELHI] The world is hoping India can help boost the ailing global economy, Indian Prime Minister Manmohan Singh said last Saturday. He made the comment at a meeting with industry leaders before his departure for this week's Group
      ■AFP  -  268 words
    • 289 17 Reuters, Bloomberg [BEIJING] China's economy would grow 6 per cent this year without government help but the 4 trillion yuan (SsBB7 billion) stimulus plan and other measures will boost growth to over 8 per cent, Xinhua news agency quoted a senior
      Reuters, Bloomberg  -  289 words
    • 478 17 IHT Aust treasurer cites security concerns as reason for rejection [HONG KONG] Citing national security, Australia on Friday blocked one of several acquisitions China was seeking in the country's vast natural resources sector, a move that could stoke concerns about rising
      IHT  -  478 words
  • Page 17 Advertisements
    • 2719 17 V«« HrVrTrir Tollfree:1800-289-8822 w |\l II r^ Email: notices@sP|lcom- s Q _L^l V^>/ -1- I V-i -< M i i www.cats.com.sg JI,I Qn L AZTECH SYSTEMS LTD U m I I (Incorporated in the Republic of Singapore) HbIUU I (Company Registration N0,*****1642R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY
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  • ASIA-PACIFIC/WORLD
    • 443 18 AP [BANGKOK] Thailand's prime minister admitted yesterday that authorities are trying unsuccessfully to muzzle Thaksin Shinawatra, the fugitive ousted leader who is re-igniting the country's political crisis as he roams the world. Dr Thaksin has become the prime attraction at protests that started last week
      AP  -  443 words
    • 442 18 Reuters USs2lb loan will help seal tie-up being reviewed by Australian govt [LONDON] Chinese metals group Chinalco arranged a US$2l billion loan to finance its planned tie-up with global miner Rio Tinto, the state-owned firm said on Friday. China's top aluminium company raised the
      – Reuters; AFP  -  442 words
    • 346 18 Reuters [ZURICH] ÜBS is expected to announce more writedowns and job cuts in the coming days, Swiss newspaper Sonntag reported yesterday. Shares in ÜBS fell 7 per cent on Friday as rumours swirled of a profit warning and more writedowns in the first
      Reuters  -  346 words
    • 484 18 Bloomberg [BRUSSELS] The European Union, frustrated that its 11,000 factories and power plants are failing to adequately reduce green-house-gas pollution, will seek tighter emission rules that may raise the price of burning fossil fuels. The 27-nation bloc wants to curb access
      – Bloomberg  -  484 words
  • Page 18 Advertisements
    • 945 18 w A MATS Slnomem SINOMEM TECHNOLOGY LIMITED (Registration No. *****8107G) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of Sinomem Technology Limited (the "Company") will be held at 10 Ang Mo Kio Street 65, #06-10, Singapore *****9
      945 words
    • 380 18 V*2^ ffrVTT/nrr Toll free: 1800-289-8822 w k 11 L, V Email: notices@sph.com.sg _L V^>/ X-L X-^ J—/ kJ www.cats.com.sg YAAN SECURITY TECHNOLOGY LIMITED (Company Registration Number: *****2490W) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Yaan Security
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  • WORLD
    • 537 19 -AP Economic woes at home embolden allies, adversaries to challenge US power [WASHINGTON] President Barack Obama is facing challenges to American power on multiple fronts as he prepares for his first trip overseas since taking office, with the nation's economic woes emboldening allies
      -AP  -  537 words
    • 259 19 AFP [BERLIN] The German government will take an 8.7 per cent stake in the troubled bank Hypo Real Estate (HRE) which it is seeking to nationalise, the lender said on Saturday, reporting a net loss of 5.46 billion euros (Ssll billion) for
      AFP  -  259 words
    • 408 19 -AP [WASHINGTON] The Obama administration is organising a series of meetings for representatives of 16 countries and the European Union to discuss energy and climate issues, the White House announced last Saturday. The meetings, to be held in Washington in April and in La
      -AP; AFP  -  408 words
    • 468 19 Reuters Announcement on US car industry aid expected today [WASHINGTON] The boards of Chrysler and Fiat have given executives approval to complete an alliance deal that now hinges on the terms for additional aid for the struggling Detroit car maker, according to people with
      – Reuters  -  468 words
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    • 1069 19 V#CT kT^T'T^T^r' Toll free: 1800-289-8822 k«^- |\l II r^ Email: notices@sP|lcom- s Q _L^l V*>/ -1- I V ■< I i www.cats.com.sg HOTAHV" ROTARY ENGINEERING LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0255E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting
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  • SHIPPING/AVIATION
    • 483 20  -  VINCENT WEE Schedule adjusted to ensure it will be a leading regional hub: STB By [SINGAPORE] The development schedule for the International Cruise Terminal at Marina South was delayed due to the project's complexity, the Singapore Tourism Board (STB) said. "Due to the complexity of the
      483 words
    • 334 20 Bloomberg Combinations like Air France-KLM will become common [ABU DHABI] The world's airline industry is heading for more consolidation because of the global recession and drop in air travel, according to the chief executive officer of Etihad Airways, the United Arab Emirates' state-owned airline.
      Bloomberg; BLOOMBERG  -  334 words
    • 266 20 Bloomberg [LONDON] Air France-KLM Group, Europe's biggest airline, said the global recession and collapse in air travel will push it to a loss for the year ending March 31 and that it's unlikely to post a profit in the following 12 months.
      Bloomberg  -  266 words
    • 2536 20 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
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  • Page 20 Advertisements
    • 1144 20 BRICHTOILT^MSM Brighton Petroleum (Holdings) Limited We are a fast growing listed company in Hong Kong specialized in petroleum products including storage and terminals, wholesale, oil and gas exploration exploitation, marine bunkering and international trading. Due to business expansion, we would like to invite high caliber candidates to apply for the
      1,144 words
  • Page 20 Miscellaneous
    • 326 20 CRYPTIC CROSSWORD ACROSS 6 Firm on the up organised a so--1 Following river, I left hole ex- cial round noon? It's infrecitedly pursuing fun quent(lo) (3,3,4,2,2) 7 ME citizen is supported byart--9 Unenlightened soldier backed ist and priest (7) without noisy speech? (8) 8 State-of-the-art description of 10 Island captivated
      326 words

  • SINGAPORE STOCKS
    • 8911 21 Week ended: Mar 27 52-wks Tel High Low Code Last Sale Vol Week Last Quote Div GrYld ('000) High Low Buyer Seller C'vr Net P/E M Cap Smil Company 9 3 3148 STelecom 11 2.5 5834 A-Sonic 30.5 12 5000 ABR Hldgs 18 6 1938 AEI Corp 9.5
      8,911 words
    • 1809 22 52-wks Tel ligh Low Code Company Last Sale Vol Week Last Quote Div Gr Yld Net C000) High Low Buyer Seller C'vr P/E M Cap $mil 20 5 1181 s AAGrp 32 13 8538 t APStrategic 4 0.5 1501 s Advanced System 14 2 3480 t Adventus 9.5
      1,809 words
    • 371 22 Wk Tel Low Code Last Sale Vol COOP) feek Lasi (uote Seller Div C'vr Net P/E Cap > m II Hii Conn Hii Bin 108 100 6389 ABF SG Bond ETF 982 427 CIMBAsean40 1OOUS$ 178 149 DBS STI ETF 100 2124 1682 DBXTFTChina25 1OUS$ DBXT FTVietnam 1OUS$
      371 words
    • 260 22 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
      260 words
    • 103 22 i Land 2.420 +0.050 iMall 1.330 -0.110 :it' 5.310 +0.020 ■omfortDelGro 1.350 Con 0.840 iBS Gr| 8.560 -0.180 :SN 2.580 -0.120 lent Intl 0.530 +0.040 iolden At iri 0.295 -0.005 KLand 2.290 +0.030 JMH 18.740 -0.080 JSH 10.040 +0.040 Jardine CSC 11.700 -0.640 Kei Con 5.270
      103 words
    • 95 22 Up Down Unch Up Down Unch Up Down Unch lulti Ind 13 1 3 0 0 0 13 1 3 lanufacturini 120 34 48 17 12 137 42 60 Commerce 44 16 13 51 24 17 r/O ms 31 32 :inance 26 26 instruction 17 19 'ro|
      95 words
    • 115 22 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 134,078 134,078 412,181 412,181 lanufacturini 2,692,304 52,045 2,744,349 784,046 2,418 786,464 Commerce 452,942 56,297 509,239 350,174 6,664 356,838 'pt/Stor/Comms 659,085 1,085 660,170 911,242 73 911,315 :inance 257,644 257,644 1,632,308 1,632,308 Construction 167,934 179,844 347,778 13,993 1,017 15,010 'ro| 661,654
      115 words
    • 2708 22 Transaction date: Mar 27 For a full listing of the closing prices, log on to BT online at http://business-times.asial.com.sg after 11.30pm every trading day Vol ■000 HK$ ;on Credit \eon Stores \ngang Steel \nhui Conch \nhuiexpressway \sia Satellite \sm Pacific !ank Of E Asia Jeida Jade Bird Jeijing
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  • FINANCE & COMMODITIES
    • 380 23 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Mar 27 World Index Preliminary 621.9 -1.1 -8.2 -1.3 -5.4 -1.6 -10.1 t EAFE Prel liminai 592.5 -0.9 -8.7 -1.5 -8.0 -1.9 -12.. Euroi Prelim
      380 words
    • 130 23 As at 9am Mar 27 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.0490 1.0800 dollar 1.2190 1.2340 Euro 2.0290 2.0520 NZ dollar 0.8630 0.8820 iterlini ind 2.1680 2.1941 US dollar 1.5000 1.5170 Local dollars to 100 units of foreign currency:
      130 words
    • 175 23 Mar 27 Bid Offer Overnight 1/8 1-monfli 7/16 2-months 9/16 3-months 11/16 Overnight mode: 9/16 US$ Offer 1/16 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.60 0.65 1.20 1.50 2.20 2.30 Offer 0.40 0.55 0.90 1.20
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    • 25 23 Mar 27 ten JiL Sett >TI ilMSCI Mar 215.5 215.8 212.3 'aiwan Mar 202.9 203.5 200.2 Source: MF Global (S) He. Ltd
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    • 23 23 Mar 27 I S5 Bid Offer 1-month 1.5080 1.5086 2-months 1.5077 1.5085 3-months 1.5077 1.5084 6-months 1.5076 1.5085 Source: OCBC
      23 words
    • 65 23 Mar 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low Apr 09 2120 May 09 2045 Jun 09 2030 Jul 09 2011 Total o/p: ***** contracts 2112 2124 2100 2050 2064 2027 1990 2035 1990 1997 2012 1965
      65 words
    • 292 23 Mar 27 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES JunO9 SepO9 DecO9 Mar10 98.7950 98.8050 98.6600 98.6050 6713 2631 2687 2238 EUROYEN TIBOR FUTURES JunO9 99.410 99.415 SepO9 99.445 99.445 DecO9 Mar10 99.395 99.400 Jun10 Sep10 Dec10 Mar11 99.405 99.440 99.395 99.415 99.450 99.445 99.430 99.370
      292 words
    • 186 23 Mar 27 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) 0/1 lots) Apr 09 152.0 May 09 152.0 JunO9 152.0 Jul 09 Aug 09 SepO9 152.0 152.0 152.0 152.0 152.0 152.0 152.0 152.0 151.5 40 90 20 788 783 811 1069
      186 words
    • 88 23 Mar 27 Period Issue code Maturity Yesterday's Bid Hi< Day's |h Low 3-Month BQ*****H 25.06.09 1-Year BY*****V 02.11.09 0.34 0.45 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hio Day's cjh Low 2-Year N*****0E 3.125 5-Year NX*****F 3.625 7-Year N*****0S 2.875 10-Year NY*****A 4.000 15-Year NY*****X
      88 words
    • 101 23 Mar 27 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low May 09 917.00 944.00 948.75 916.00 Jul 09 915.25 940.50 945.00 914.50 AugO9 900.75 924.00 912.50 900.00 SepO9 871.75 893.00 885.75 872.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 09 32.42 33.60 33.65 32.38 Jul
      101 words
    • 77 23 CRUDE OIL PRODUCTS Mar 26 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 52.76 0.42 WTI (Near Mth) 54.04 1.43 Dubai (1-Mth F) 50.69 0.33 Tapis blend 54.85 0.40 Minas 53.80 0.40 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 50.77 63.00 0.27 0.50 US$/barrel Opec Oil
      77 words
    • 462 23 Mar27 AS CS Rmb Euro HKS IndRsRi Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.858 4.768 0.515 5.408 35.315 80.200 0.683 9.409 2.521 1.217 56.142 33.608 1.052 6.605 0.787 23.565 24.645 0.484 0.698 Canada 1.165 5.556 0.600 6.302 41.152
      462 words
    • 76 23 Mar 27 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 1.***** 0.***** 6 mths 1.***** 0.***** 9 mths 1.***** 0.***** 12 mths 2.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 1.***** 3 mths 1.***** 6 mths 1.***** 9mths 1.***** 12 mths 2.***** SWAP Mid
      76 words
    • 158 23 Mar 27 Against SS Currencies Bid Offer Against USS Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 1.0518 1.0529 0.6976 0.6981 Canadian dollar 1.2258 1.2268 0.8130 0.8134 Euro 2.0435 2.0448 1.3554 1.3558 NZ dollar 0.8639 0.8651 0.5730 0.5736 Sterlini md 2.1730 2.1744 1.4413 1.4417
      158 words
    • 141 23 Mar 27 GOLD (USS/oz) Mar 27 Mar 26 Hong Kong London 929.30 931.10 930.30 932.10 Mar 26 Mar 27 940.20 923.45 941.40 924.65 Source: Thomson Reuters CAST BAR (S$) Mar 27 Buying Sellini Kilobar "48,731.01" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm
      141 words
    • 63 23 Mar 27 ,luminium, 99.7% urity (US$/tonne) Close Previous :ash 1381.50 months 1420.00 1404.75 1443.00 Copper, Grade A (US$/tonne) :ash months 4009.75 4050.00 4046.25 4085.00 .ead (US$/tonne) :ash months 1263.50 1280.00 1307.01 1321.01 lickel (US$/tonne) :ash months 9608.00 9700.00 9633.01 9725.01 'in (US$/tonne) :ash *****.00 *****.01 months *****.00 *****.01
      63 words
    • 72 23 Mar 27 (£/tonne) Close Prev Hii ih/Low May 09 1941 1902 1942/1887 Jul 09 1906 1873 1908/1858 SepO9 1882 1850 1884/1836 Dec 09 1859 1826 1864/1816 COFFEE (US$/tonne) Close Pev High/Low Mar 09 1540 1557 May 09 1555 1572 1576/1535 JulO9 1554 1574/1537 SUGAR (US tonne) White Close Prev
      72 words
    • 2549 23 BONDS, WARRANTS EXTENDED SETTLEMENT Fel lode Company Last Sale Vol Conv Exer +or- ('000) Ratio Price Disc Gear- Mths ing Left >058 Advance Modules GrpW*****3 >036 Advance SCT Ltd W*****9 6 0.5 susp 1 1 17 87 156 1.50 2088 8.00 41 17 S092 Asia Environment W*****4 0.5 1 235
      2,549 words

  • Page 24 Advertisements
    • 2753 24 m The Business Times Shipping Times fl VPfl BJ^fl^EfflHTffiHT^ffffinffnß wan hai international pte ltd uen:*****4695m m A^H 15isM mßW^Tnrmmnfwm WU \Tvi\ IAIA M UAI I Ilirr TEL:*****588 (14 LINES) FAX:6224H63 ___k"™l _!_^^^^J__ IM___^T^^H EHEnM MPIMMME Y\^^B I WAN HAI INt__F PKL TEL: <03) *****883 FAX: (03) *****288 PEN TEL: <04)
      2,753 words

  • Page 25 Advertisements
    • 3495 25 F^VHEHBEIII^B9IHi In c eastern car liner, ltd In@ mr^T^^ I ft— specialize in roro heavy lift upto 450 tons WEEKLY EXPRESS SAILING SCHEDULE I buiftHHarikiMßiliHUiiiiiiiiiilMiiitiiliißidMHiHiiiiiiiillllMii^ llQjj^^jgg^ voy R.mp(KT) LHting(KT) pk sin pkl jkt bkk sur UfillilMMkdUUiildUilUißiluUiiiliaiißliiißiliaiiiyUiiWl PCL/PHL SERVICE AMX SERVICE Connecting ECL Svc via MALTA I YUSHO CHERRY 15 60
      3,495 words

  • BizIT
    • 785 26 Region not affected by its bankruptcy filing and is doing well, writes AMIT ROY CHOUDHURY TROUBLED telecoms equipment manufacturer Nortel Networks Corporation sees its Asia operations as a bright spot as it struggles to restructure its business. In January this year, the Canada-based
      785 words
    • 296 26  -  VICTOR KATHEYAS By THE major IT federations of Singapore and Malaysia have announced a strategic collaboration between 50 outsourcing companies from the two countries in a joint bid to increase market share. The initiative was announced last week by the Singapore Infocomm Technology
      296 words
    • 567 27  -  ONG BOON KIAT Locally developed technology drawing overseas interest: Exploit Technologies By A HOMEGROWN technology could thrust Singapore into the thick of the global digital music action. Called MPEG-4 SLS (Scalable to Lossless Standard), this technology made a world debut last weekend as
      567 words
    • <what's up>
      • 123 27 UPPING the broadband ante in Singapore, Star Hub has announced it will soon offer mobile broadband services at speeds of up to 21Mbps via its newly-launched HSPA+ network. It is now awaiting volume shipment of HSPA+ dongles, which are expected to arrive by end-April.
        123 words
      • 116 27 WITH an under 1-inch thick profile, 1.64 kg carrying weight and price tag that starts from $1,299 (including GST), the Hewlett-Packard dv 2 notebook PC should appeal to highly mobile and cost-conscious users. Powering it are an AMD Athlon Neo MV-40 chip and
        116 words
      • 104 27 SAY goodbye to skin blemishes and dark eye rings with the Samsung ST and PL series of compact cameras, which feature Beauty Shot, a digital touch-up technology that claims to enhance its subjects' features while it blots out such imperfections. This technology is part of
        104 words
      • 75 27 MICROSOFT has appointed Mark Inkster as general manager of its online services group for South-east Asia. Based in Singapore, he will helm the group and lead the Windows Live, MSN and Microsoft Advertising teams across Singapore, Malaysia, Thailand, Indonesia, Philippines and Vietnam. Formerly the CEO
        75 words
      • 93 27 NEC Computers Asia Pacific is unplugging its PC business from the Asia-Pacific, including South-east Asia, Hong Kong, Australia and New Zealand, to focus solely on its domestic market. The Japanese electronics firm blames the deteriorating global economy and changing PC industry
        93 words
      • 59 27  -  ONG BOON KIAT GETRONICS Singapore has promoted Ravishankar Ramamurthy to the post of director of infrastructure integration, in charge of developing the company's enterprise infrastructure, network and security services business. Mr Ramamurthy has been with Getronics for 11 years, holding various positions, including project manager,
        59 words
    • BizIT FOCUS
      • 1646 28 The Next Generation National Broadband Network will change the way Singaporeans work, play and live, writes AMIT ROY CHOUDHURY ITH Singapore expected to announce the Operations Company (OpCo) to run the operations layer of the Next Generation National Broadband Network (Next Gen NBN) anytime
        1,646 words
      • 531 28 THE National University of Singapore (NUS) will be a heavy user of Singapore's Next Generation National Broadband Network (Next Gen NBN) once it's up and running. Speaking to BizlT, NUS's Tommy Hor noted that the Next Gen NBN will transform the thinking paradigm and encourage
        531 words
  • Page 26 Advertisements
    • 1771 26 J_^l V^&gt;/ A. J_^^ -Lj k3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg l YAAN SECURITY TECHNOLOGY LIMITED B (Company Registration Number: *****2490W) (Incorporated in the Republic of Singapore) delong holdings NOTICE IS HEREBY GIVEN that the Annual General Meeting of YAAN SECURITY TECHNOLOGY LIMITED (the Company") will be held at
      1,771 words

  • Page 27 Advertisements
    • 1707 27 BSARa X^l^^^ M. I V^, Jl' i Toll free: 1800-289-8822 Email: notices@sph.com.sg •www.cats.com.sg JTa Chartered Semiconductor Manufacturing Ltd. 'L-k f-k-i^-^-/^Vl^»/-V/-J 60 Woodlands Industrial Park D Tel ;+(65) 6362 2838 /VJI /I I*^l I I if—*■ f- 1! Street 2 Fax: +(65) 6362 2938 •^^F V^All&gt;VX Wv/^VVI Singapore *****6 Registration No,
      1,707 words

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