The Business Times, 16 April 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 S|]^l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Thursday, April 16,2009
    23 words
  • 804 1  -  EMILYN YAP But healthiest quarterly sales in more than a year may not signal sustained recovery By [SINGAPORE] A ray of hope dispelled some gloom in the private home market yesterday when new data showed developers selling 1,220 new units in March. This brings
    FILE PHOTO  -  804 words
  • 562 1  -  LYNETTE KHOO But ex-employee of WBL denies any wrongdoing By [SINGAPORE] In the first civil suit it has ever filed, the Monetary Authority of Singapore (MAS) is suing a former employee of WBL Corporation for alleged insider trading. Affidavits have been exchanged and
    562 words
  • MARKETS DIGEST
    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.53 HONG KONG 5.00 INDONESIA 16.085 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
    • 46 1 Inesi lay lange 1COMP 956.68 +2.97 IIKKEI225 8,742.96 -99.72 IANG SENG 15,669.62 +89.46 ;et index Closed JAKARTA COM P 1,593.66 +23.40 IANILACOMP 2,022.49 -14.60 ;eoulcomp 1,333.09 -9.54 ;henzhen b 375.05 +4.51 IUMBAI IND 11,284.73 +317.51 12 noon EDT Change )OW 7,966.93 +46.75 IASDAQ 1,611.16 -14.56
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    • 42 1 IS$ (S$ per US$) 1.504 (US$/S$ per 1.487 2.236 ;URO (US$/S$/E) 1.323 1.989 Foreign currency per US$ S$ 'EN 98.80 65.70 3.617 2.405 IK$ 7.751 5.154 !AHT 35.46 23.58 lUPIAH 10,865 7,226 lENMINBI 6.834 4.545 INDIAN RUPEE 49.83 33.14 1.390 0.924
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  • Page 1 Advertisements
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  • Page 1 Miscellaneous
    • 41 1 PROPERTY P»f^g ANALYSIS ASIAN ASSETS EST'JWrjiM COMMENTARY Millenia Walk signs W/k Sorting out RBS in talks &2jl^^i!^ Convertible bonds: up Parco group lE^^Stfi the Satyam mess with 3 banks good or bad? PAGE 28 yJ££*l_L PAGE 19 PAGE 2 PAGE 5
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  • TOP STORIES
    • 361 2 HSBC, Stanchart and ANZ are said to be in the running [LONDON] Royal Bank of Scotland (RBS) is in talks with three banks interested in buying its Asian retail and commercial banking assets as it pulls back to core markets,
      AFP  -  361 words
    • 634 2 NYT Non-disclosure may cause investors to flee from those judged to be weak [WASHINGTON] The Obama administration has decided to reveal some sensitive details of the stress tests now being completed after concluding that keeping many of the findings secret could send
      NYT  -  634 words
    • 488 2 ■NYT He pleads guilty in NY probe, to pay USsl2m settlement [NEW YORK] A hedge fund executive has pleaded guilty to securities fraud and is cooperating with New York State Attor-ney-General Andrew Cuomo's investigation of corruption at the state pension fund, according to
      ■NYT; FILE PHOTO  -  488 words
    • THREE-MINUTE DIGEST
      • 78 2 A RAY of hope dispelled some gloom in the private home market yesterday when new data showed developers selling 1,220 new units in March. This brings the number sold in Ql 2009 to 2,660 the best quarterly performance since Q3 2007. But could this
        78 words
      • 66 2 IN the first civil suit it has ever filed, the Monetary Authority of Singapore is suing a former employee of WBL Corporation for alleged insider trading. Kevin Lew Chee Fai, former general manager of enterprise risk management at WBL, has denied any breach.
        66 words
      • 71 2 THE Obama administration has decided to reveal some sensitive details of the stress tests now being completed after concluding that keeping many of the findings secret could send investors fleeing from financial institutions rumoured to be weakest. While all of the
        71 words
      • 100 2 IN another sign that the worst of the economic downturn might have passed, Intel said on Tuesday that the personal computer industry had bottomed out in the first quarter of the year. Paul Otellini, Intel's chief executive, said, "The worst is now
        100 words
      • 62 2 THE Singapore Exchange yesterday reported a 45.5 per cent drop in third-quarter net profit, as trading and IPO activity remained muted. Profit for the three months ended March 31 slumped to $55.3 million from $101.5 million a year earlier, but met expectations of
        62 words
      • 75 2 DIVIDENDS were a common concern for shareholders at the annual general meetings of Parkway Holdings and Raffles Medical Group yesterday. Shareholders of Parkway are worried that the group's substantial debt could eat into its cash, leaving a smaller pool for distribution. Over at Raffles
        75 words
      • 62 2 THE number of government-backed loans approved last month hit a record high with 1,415 loans worth $764.1 million getting the nod from participating financial institutions. This has pushed the total amount of loans approved so far past the billion dollar mark, with 2,700 loans
        62 words
    • 715 4 ■AP Its Q1 earnings fall 55% on 26% slide in sales; company expects flat revenue in Q2 [SAN FRANCISCO] In another sign that the worst of the economic downturn might have passed, Intel said on Tuesday that the personal computer industry had
      ■AP  -  715 words
    • 310 4 Bloomberg LATEST US DATA [NEW YORK] The cost of living in the US unexpectedly fell last month, underscoring Federal Reserve forecasts that prices will be contained in the coming months. The consumer price index decreased 0.1 per cent compared with a 0.1 per cent
      Bloomberg  -  310 words
    • 653 4 Reuters [ZURICH] ÜBS AG will cut 11 per cent of staff as it tries to stem losses and client withdrawals, its new chief executive said yesterday, warning that Switzerland's largest bank still faces an uncertain future. Oswald Gruebel, the veteran former
      – Reuters; AFP  -  653 words
    • 438 4  -  RONNIE LIM MD Neil McGregor steps down, making way for John Ng as chief executive By [SINGAPORE] PowerSeraya is seeing change at the top, four months after Malaysia's YTL Group bought the generating company for $3.8 billion from Temasek Holdings. From today, John Ng, previously
      438 words
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      384 words

  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 2592 4 V<«i 'KTS^rr>TS^T*'r< 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 j^^^^^^**^_ mDR LIMITED the companies act, cap. so t^fcM^ (Company Registration No. *****9059G) AND W HllMf (Incorporated in Singapore with limited liability) IN THE MATTER OF J"""^"m NOTICE OF ANNUAL GENERAL MEETING
      2,592 words

  • COMPANY NEWS
    • 847 5  -  CHEW XIANG CONVERTIBLE bonds after a six-month hiatus are making a comeback. Last month, steel giant ArcelorMittal issued 1.1 billion euros (552.2 billion) of the stuff, more than the 750 million euros originally planned. In the US, another US$2.7 billion in
      847 words
    • 392 5  -  JAMIE LEE Slump due to muted trading, IPO activity; dividend of 3.5 cents per share declared By THE Singapore Exchange (SGX) yesterday reported a 45.5 per cent drop in third-quarter net profit, as trading and IPO activity remained muted. Profit for the three
      YEN MENG JIIN  -  392 words
    • 661 6  -  CHEN HUIFEN AGM WATCH Former worried about its sizeable debt; latter ask for higher payout By DIVIDENDS were a common concern for shareholders at the annual general meetings (AGMs) of Parkway Holdings and Raffles Medical Group yesterday. Shareholders of Parkway, which held its AGM
      661 words
    • 645 6 Bloomberg Shipping line expects first loss in 7 years as economic downturn takes its toll NEPTUNE Orient Lines Ltd (NOL), South-east Asia's biggest container carrier, will increase cost-saving measures as it forecasts its first loss in seven years on slumping
      – Bloomberg  -  645 words
    • 242 6 Bloomberg SEMBCORP Industries Ltd's sale of Singapore-dol-lar bonds this month may spur other companies from the city to tap debt capital markets, according to Standard Chartered pic. SembCorp sold $200 million of 5 per cent, five-year notes on April 8, equivalent to about two-thirds
      – Bloomberg  -  242 words
    • SINGAPORE MARKETS
      • 591 8  -  R SIVANITHY STOCKS Blue chips receive late push in final trading minutes to send STI past 1,900 PENNY-STOCK fever reached near-boiling point yesterday when turnover reached 3.52 billion units worth $1.7 billion, giving an average of 47 cents per unit. Blue chips, in the meantime, were
        Bloomberg  -  591 words
      • 94 8 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 13 3 2 0 0 0 13 3 2 Manufacturing 143 25 27 15 14 158 31 41 Commerce 47 18 55 23 Tpt/Stor/Comms 20 11 22 11 Finance 22 22 Construction 19
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      • 119 8 TURNOVER ('000) MAIN SDQ TOTAL MAIN VALUE ('000) SDQ TOTAL Multi Ind 36.454 36.454 79.857 79.857 Manufacturing 993.967 103.491 1.097.458 354.598 3.332 357.930 Commerce 448.829 41.974 490.803 88.737 5.946 94.682 Tpt/Stor/Comms 217.049 1.294 218.343 255.563 111 255.673 Finance 55.463 55.463 278.239 278.239 Construction 449.818 26.592 476.410 52.719
        119 words
      • 113 8 Stock name Close Cham Capita Land 3.000 +0.080 CapitaMall 1.300 CityDev 6.270 +0.140 ComfortDelGrc 1.370 +0.020 Cosco Corp 1.120 +0.070 DBS Grp 9.150 +0.130 F&N 2.550 +0.120 Gent Intl 0.620 +0.025 Golden Agri 0.385 +0.030 HK Land 2.450 -0.070 JMH 20.680 -1.320 JSH 11.420 +0.120 JardineC&C
        113 words
      • Article, Illustration
        868 8  -  JAMIE LEE Sembcorp Marine April 15 close: $2.13 CIMB-GK RESEARCH, April 15 SEMBCORP Marine (SMM) has received notice that its Norwegian customer, Petropod, has been placed under provisional liquidation in Cayman Islands by its bondholders due to insufficient financing. KPMG has been appointed liquidators. SMM has two contracts
        868 words
      • 510 8  -  LARRY WEE CURRENCIES AN overnight relapse on Wall Street soured sentiment in currency markets yesterday, lifting the yen and US dollar back up at the expense of currencies such as the Antipodean pair and the euro in Asia. Wall Street's S&P 500 stock index
        : Reuters  -  510 words
      • 4 8 DAILY
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      • 61 8 Apr 15 VALUE CLOSE BT OB/OS 1382.00+265.0 BT CADI -*****.00 +342.0 BT 10-day MA -*****.00+138.0 FTSE ST Mid Cap 391.82 +9.49 FTSE ST Small Cap 326.51 +19.99 FTSE ST All Share 457.03 +4.55 FTSE ST China Top 188.71 +7.14 FTSE ST China 184.92 +8.25 UOB Catalist 80.04
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      • 58 8 VOLUME Diqiland 240,809,000 China Honqxinq 179,503,000 UniFiber 156,355,000 Chart SemiCond 121,060,000 Golden Agri 115,096,000 Straits Asia 67,425,000 Yonqnam 64,529,000 Cosco Corp 58,538,000 Gent Intl 58,220,000 Celestial 55,925,000 VALUE(S) Capita Land 115,309,495 DBS Grp 102,028,968 Wilmar 78,068,340 Straits Asia 71,124,820 Cosco Corp 63,074,456 OCBC Bk 61,771,335 UOB 57,661,560
        58 words
      • 109 8 DBXT S&P Short 10US$ CLOSE UP 7620 189.4 1.7 China H 10US$ 1215 31.6 1.8 DBS Bk6% NCPS 10 9950 30.0 0.3 :it ES.0904 629 29.0 4.8 India Nr 10 1063 29.0 2.8 >han< iLa Asia 1050 25.2 14.1 Venture Con 590 24.0 4.2 DBS.ES.0904 923 21.0 2.3 UOB
        109 words
      • 113 8 CLOSE DOWN 2068-198.4 -6.0 JMH GLD 10US$ 8779 -61.6 -0.5 STXPO 100 1264 -36.0 -2.8 S I A 1088 -16.0 -1.4 HKLand 245 -10.5 -2.8 SIA 200 1090 -10.0 -0.9 SembMar 213 -10.0 -4.5 HG Metal W*****0 -6.5 -68.4 OUE 1026 -6.0 -0.6 SPAusnet 100 -6.0 -5.7 BY PERCENTAGE
        113 words
      • 85 8 Apr 15 %CHNG CLOSE FR AprH YR SSLOW R2009 S$ HIGH USS 1.5012 0.02 1.5579 1.4308 Euro 1.9894 0.25 2.0732 1.9150 Pounds 2.2429 -0.50 2.2712 2.0356 AS 1.0818 0.90 1.1100 0.9453 Yen* 1.5168 -0.73 1.7278 1.4831 Rupiah* 0.***** -0.21 0.***** 0.***** Baht* 4.2395 -0.09 4.3390 4.1040
        85 words
    • 263 9  -  NISHA RAMCHANDANI Third warehouse brings cost savings, expands newsprint storage capacity By SINGAPORE Press Holdings (SPH) expects to enjoy significant savings from its new $5.5 million eco-friend-ly warehouse. "At a time when companies are cutting back on investments, SPH is positioning itself
      SAMUEL HE/THE STRAITS TIMES  -  263 words
    • 255 9  -  MICHELLE YEO By I YONGNAM Holdings which sees Singapore, the Middle East and India as its three strategic driving forces has bagged three new contracts totalling about $40.4 million for the Dubai Metro. This adds to the group's portfolio of several other contracts
      255 words
    • COMPANY BRIEFS
      • 69 9 SINGAPORE Airlines (SIA) said yesterday that it filled 62.6 per cent of the space available on its planes for passengers and cargo in March, compared with February's 62.1 per cent and 69.9 per cent a year ago. Passenger load for March
        69 words
      • 113 9 CHINA Aviation Oil (Singapore) Corp Ltd said that the company has signed a deal with China's CNOOC to export jet fuel from the new Huizhou refinery. The 240,000 barrels per day (bpd) plant in southern Guangdong province was launched late last
        113 words
      • 106 9 JAPAN Land said yesterday that the outcome of the lawsuit between its chairman Tetsuo Yamashita and tycoon Oei Hong Leong will not affect its business as it is a private matter between both parties. Mr Oei is suing Mr Yamashita in Singapore
        106 words
      • 67 9 ARTIVISION Technologies Ltd said that chief executive Leong Kwek Choon yesterday gave notice of his intention to resign from his post due to health reasons. His last day as CEO will be on Sept 15, but he will remain as an executive
        67 words
  • Page 5 Advertisements
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      402 words
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      82 words

  • Page 6 Advertisements
    • 54 6 Beyond 40 Years 1 sj. s From departure to arrival, the world is my destination 1 Korean Air has one of the largest global networks in the Excellence in Flight airline industry. With 861 connecting flights to 11 6 cities in over 39 different countries, K®REAN AIR you're granted the
      54 words



  • Page 9 Advertisements
    • 1 9 IHQHRQHI
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    • 2264 9 W*s4 fIVv^TT/nrr Tollfree:1800-289-8822 V IVI II l-f V Email: notices@sph.com.sg JL^I V»>/ JL i V._f< 1 t,_* www.cats.com.sg |fi) TEXCHEM SSsSK2fJSsSssfflaft notice of the sixth annual general meeting NOTICE IS HEREBY GIVEN that the Sixth Annual General Meeting of the Company will be held at Marriott Hotel Singapore, Ballroom 111,
      2,264 words

  • SINGAPORE NEWS
    • 447 10  -  CHEN HUIFEN 1,415 loans worth $764.1 m given the nod in March, pushing total loan amount past $1b By THE number of govern-ment-backed loans approved last month hit a record high with 1,415 loans worth $764.1 million getting the nod from participating financial institutions.
      447 words
    • 346 10  -  JOYCE HOOI By ACCOUNTANTS in Singapore are fast becoming the beneficiaries of a business environment fraught with uncertainty and fear. According to a survey completed in January by the Association of Chartered Certified Accountants (ACCA) and the BPRI group, 79 per cent of local respondents expect
      346 words
    • 401 10  -  TEH SHI NING By SINGAPORE'S retail sales improved in February after January's 11.8 per cent drop. But they still fell for a fifth straight month, easing 5.7 per cent year on year to $2.4 billion, the latest Statistics Department data
      FILE PHOTO  -  401 words
    • 456 10  -  JOYCE HOOI By SINGAPOREANS have long been suspected to be a dissatisfied bunch and now there are numbers to add to that view. In Robert Half's latest survey of finance professionals, Singapore ranks second-lowest worldwide for job satisfaction, with only 53 per cent of
      456 words
    • 305 10 SMEs in the offshore and marine sector are being encouraged by Spring Singapore to develop new markets abroad. Addressing a seminar yesterday organised by the Association of Singapore Marine Industries (ASMI), Spring deputy chief executive Ted Tan said: "The economic crisis has
      305 words
    • 201 10 THE recession presents a "unique opportunity" for those looking to start a business, Minister of State for Trade and Industry and Manpower Lee Vi Shyan said yesterday. "In slow times like these, costs are lower, manpower more available and rental space more readily
      201 words
  • Page 10 Advertisements
    • 1452 10 V**, IkT^VT'T^^T'r' Toll free: 1800-289-8822 V ill Email: notices@sph.com.sg JL^I V*>/ JL JL^^ JLj l 3 www.cats.com.sg BERGER INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) Company Registration Number: *****7986G NOTICE IS HEREBY GIVEN that the Sixteenth Annual General Meeting of the shareholders of the Company will be held on
      1,452 words

  • SINGAPORE INTERNATIONAL
    • 841 11 ASEAN-JAPAN FTA CHUANG PECK MING looks at how the free trade pact can help Singapore-based firms to remain competitive, especially in a downturn V HAT can an Asean-Ja-pan Free Trade Agreement do for Singa-pore-based exporters when there is already a Japan-Singapore free trade deal? In
      REUTERS  -  841 words
    • 242 11 A FREE Trade Agreement (FTA) is a legally binding agreement between two or more countries to reduce or eliminate barriers to trade in, and facilitate the crossborder movement of, goods and services between their territories. FTAs help strengthen the business climate by eliminating or reducing import tariffs, providing
      242 words
    • 120 11 HOMEGROWN specialty coffee chain operator Ya Kun plans to use the Asean-Japan Free Trade Agreement as a stepping stone into the Japanese market to sell its popular kaya. "We are in the process of tapping the Asean-Japan Comprehensive Economic Partnership
      FILE PHOTO  -  120 words
    • 393 11 A STEP-BY-STEP guide to tariff savings under AJCEP/ JSEPA: 1. Identify the HS classification of your export goods to Japan. 2. Check the applicable tariff rate in Japan without an FTA. Information on Japan's import tariffs are available at www. customs.go.jp/english 3.
      393 words
  • Page 11 Advertisements
    • 267 11 International Business Fellowship 1 sth Executive Programme on the Middle East I International Enterprise (IE) Singapore would like to invite you to attend the Executive j j Programme on the Middle East under our International Business Fellowship (iBF) Programme. Date: 26 May -1 June 2009 *t&fi#v To be conducted in
      267 words

  • ECONOMY WATCH
    • 490 12 Reuters Plan to build up general capital base is speeded up because of financial crisis [MANILA] The Asian Development Bank (ADB) will increase lending to nations in the region by about US$lO billion in the next two to three years in response to the
      – Reuters  -  490 words
    • 402 12 Reuters Envoys agree that governments must keep markets open [GENEVA] Envoys to the World Trade Organisation (WTO) agreed on Tuesday that there was no imminent global threat of tit-for-tat protectionist wars with countries slamming down barriers against each other's goods. "The general message
      Reuters  -  402 words
    • 406 12 Reuters [UNITED NATIONS] A United Nations summit meeting in June will most likely discuss whether the world should abandon the US dollar as the top reserve currency, a senior UN official said on Tuesday. The president of the UN General Assembly,
      Reuters  -  406 words
    • 392 12 LAT-WP Just 13% say they they could live well in retirement [WASHINGTON] The percentage of Americans who believe they have enough money to live comfortably in retirement has plummeted to a record low due to the recession, according to a survey released on
      ■ LAT-WP  -  392 words
    • 593 12 -AFP [WASHINGTON] Cutting greenhouse gases by 70 per cent this century would spare the planet the most traumatic effects of climate change, including the massive loss of Arctic sea ice, a study said on Tuesday. Warming in the Arctic would be almost
      -AFP; AFP  -  593 words
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      690 words

  • MALAYSIA/INDONESIA
    • 604 13  -  S JAYASANKARAN This is due to govt's stimulus package, supportive monetary environment By in Kuala Lumpur IN one of the first public statements on the economy by a senior government official, central bank governor Zeti Akhtar Aziz said yesterday that the Malaysian
      FILE PHOTO  -  604 words
    • 431 13 Reuters [JAKARTA] Indonesia will sell its first ever global Islamic bond as early as this week, reviving a sale that will test demand in a sukuk market badly hurt by the global financial crisis. After delaying the sale from late last
      Reuters  -  431 words
    • 414 13  -  i PAULINE NG By in Kuala Lumpur MALAYSIAN power producer Tenaga Nasional has swung back into the black, posting a RM675 million (*****.4 million) net profit for its second quarter to end-February despite a 7 per cent quarter-on-quar-ter decline in revenue to
      414 words
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  • GREATER CHINA/INDIA
    • 816 14 Reuters But economy seen to recover in Q2 as Beijing's stimulus plan kicks in [SHANGHAI] China's listed companies are poised to report their biggest earnings fall in at least 2V2 years, but that could be the beginning of an end for bad
      – Reuters; AFP  -  816 words
    • 252 14 Bloomberg [SINGAPORE] Reliance Communications Ltd, India's second-largest mo-bile-phone operator, offered to buy back outstanding notes from its USsl billion in zero coupon convertible bonds due 2012. The Mumbai-based company applied for Indian central bank permission to purchase more than USSSO million of the
      Bloomberg  -  252 words
    • 213 14 Bloomberg [NEW DELHI] Infosys Technologies forecast its first annual drop in dollar sales as customers pare orders during the global recession, sending shares of the Indian computerservices provider to their biggest slump in five years. Revenue in the year ending March 31 will fall 3.1 per
      Bloomberg  -  213 words
    • 237 14 Reuters [BEIJING] China's foreign exchange reserves, the world's largest stockpile, will continue to grow in a stable fashion, a commerce ministry official said yesterday. Yao Jian, the ministry's spokesman, said the reserves would grow as China continues to draw in foreign investment and
      – Reuters  -  237 words
    • 140 14 Reuters [TAIPEI] Taiwan will allow local funds to invest in Chinese futures markets, the latest sign of warming cross-strait ties under a year-old China-friendly administration, a regulatory official said yesterday. Under the new guidelines, Taiwan funds can put up to 10 per cent
      Reuters  -  140 words
  • Page 14 Advertisements
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    • 488 14 IN THE MATTER OF IN THE MATTER OFTHE COMPANIES ACT, THE COMPANIES ACT, CAP. 50 CHAPTER 50 AND JALAG INVESTMENTS PTE. LTD. IN THE MATTER OF (CoNo:*****4320C) OUTSOURCED NETWORIO PTE LTD. At an Extraordinary General Meeting '£.TC!X««?SSI?2££S °f JALAG INVESTMENTS PTE. LTD. held (IN MEMBERS' VOLUNTARY on Monday, 6 April
      488 words

  • ASIA-PACIFIC/WORLD
    • 531 15 Reuters, AP Sources say eßay could seek substantially more than USs2b for it [SAN FRANCISCO] EBay Inc plans to spin off its Skype unit, acknowledging that the Web telephone service does not fit with the rest of the company, in an indictment
      Reuters, AP  -  531 words
    • 371 15  -  JEFF SEGAL By EBAY has decided to simplify. The company announced on Tuesday that it intends to sell Skype, its Internet calling service, in an initial public offering (IPO) next year. That's good news for its shareholders. Skype never fitted in with eßay's
      371 words
    • 564 15 -AFP Move escalates campaign against former premier [BANGKOK] Thailand revoked the passport of Thaksin Shinawatra yesterday, escalating a campaign against the fugitive former premier and his allies for allege dly inciting deadly anti-government protests. Police said that they were also hunting for the main organisers of
      -AFP  -  564 words
    • 502 15 ■IHT It faces sanctions over use of new Web tracking tool [BERLIN] The European Commission on Tuesday threatened Britain with sanctions for allowing an Internet service provider to use a new advertising technology to track the Web movements of customers. The European telecommunications
      ■IHT  -  502 words
    • 37 15 REUTERS [WASHINGTON] US President Barack Obama's daughter Malia takes her dog 80, a six-month old male Portuguese water dog, for a walk on the South Lawn at the White House in Washington on April 14
      REUTERS  -  37 words
    • 331 15 -Bloomberg [MELBOURNE] Formula One's governing body has upheld a ruling that the Brawn GP cars which won the first two races of the season are legal. The Federation Internationale de rAutomobile (FIA) said yesterday it rejected an appeal by Ferrari, Renault
      -Bloomberg  -  331 words
    • 238 15 Reuters [LONDON] Something very strange is happening in the industrial metals complex. Price performance between component metals is becoming increasingly divergent, generating wildly different signals about the state of the global economy. At one end of the spectrum lies copper. This is the
      Reuters  -  238 words

  • WORLD
    • 385 16 Bloomberg [WASHINGTON] House Democrats are investigating American International Group's role in a campaign to discredit its former chairman and chief executive, Maurice "Hank" Greenberg, in the wake of federal bailouts totalling U*****.5 billion. Edolphus Towns, house oversight and government reform chairman, asked AIG
      – Bloomberg; AP  -  385 words
    • 436 16 -NYT [WASHINGTON] A wealthy ÜBS private banking client whose yacht company caters to Russian oligarchs, Kuwaiti royals and other global jet-setters, pleaded guilty on Tuesday to tax fraud, the second American caught in a widening investigation of the Swiss banking giant. The client,
      -NYT  -  436 words
    • 570 16 Reuters But US officials fear move may prompt weaker banks to follow suit too soon [WASHINGTON/NEW YORK[ Goldman Sachs Group sold US$5 billion of stock to help fulfil what it called its "duty" to repay a federal bailout, but the government
      Reuters  -  570 words
    • 319 16 Reuters The regulator is looking into Merrill Lynch's USs3.62b of bonus payouts [WASHINGTON] US regulators are reviewing whether Bank of America Corp violated federal securities law by failing to disclose Merrill Lynch Co's plan to pay U553.62 billion of bonuses before the companies merged.
      Reuters  -  319 words
    • 110 16 AP [ENKHUIZEN, The Netherlands] Mannequins are seen at the Zuiderzee Museum here, as a boat enters the harbour. The black silhouettes allude to images of bygone days of the Zuiderzee when women and other family members would wait for their loved ones at sea, a time when
      AP  -  110 words
    • 716 16 ■NYT Other investments that failed to deliver also under scrutiny [NEW YORK] From New York to California, public pension funds staked billions in good times on the highest of Wall Street high-rollers: hedge fund managers and corporate buyout specialists. But for many
      ■NYT  -  716 words
  • Page 16 Advertisements

  • AVIATION/SHIPPING
    • 618 17 Bloomberg Asia-Pac airlines seen making similar decisions as traffic volume sinks rapidly [MELBOURNE] Qantas Airways Ltd, Australia's largest carrier, will cut about 5 per cent of its staff in anticipation of a record loss caused by a drop in busi-ness-class travel.
      Bloomberg  -  618 words
    • 390 17 Bloomberg [HONG KONG] Singamas Container Holdings Ltd, the world's second-big-gest maker of cargo boxes, said it has received more customers enquiries, indicating that demand may be recovering after it plunged last year. The decline in Shanghai port's container traffic appears to have slowed and Singapore
      Bloomberg  -  390 words
    • 2554 17 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), A Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British "-vays Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR EVA
      2,554 words
    • 269 17 Bloomberg [HONG KONG] Cathay Pacific Airways Ltd, Hong Kong's largest carrier, will ask staff to take mandatory unpaid leave this year to help save about HK$4OO million (Ss77 million), a company official said. The offer will apply to all Cathay Pacific staff,
      Bloomberg  -  269 words
    • 356 17  -  VINCENT WEE It opens $20m expanded regional hub in Changi By' TNT yesterday opened its $20 million expanded and re-modelled regional hub at the Changi Cargo Complex, saying that, despite the global slowdown, it has the right solutions for the times. Sounding a confidently
      356 words
    • 135 17 -AP [MOMBASA, Kenya] Somali pirates were back in business on Tuesday, defiantly seizing four more ships with 60 hostages after US sharpshooters rescued an American freighter captain. The freed skipper, Richard Phillips, was set to return to the US yesterday, after reuniting
      -AP  -  135 words
  • Page 17 Miscellaneous
    • 414 17 CRYPTIC CROSSWORD ACROSS 1 Break off and attend to faulty r, —p; —i n; —i n —I 1 it—^H,—^H .<—^H_ —I wiring (4,5) II 9 Coming from galleon with at- I tachment to bill of ex- H__^H__^H__H H__^^ change (7) p° ill II 10 Second present (7) MB HI Hi
      414 words

  • EDITORIAL & OPINION
    • 537 18 THE headlines on the Singapore economy yesterday were as bad as they could get: "Government flags 6-9 per cent contraction". If that kind of GDP contraction comes to pass, it will be the worst for the republic in more than four decades. Since
      537 words
    • 1168 18  -  STEPHEN S ROACH The current policy that seeks to jump-start demand fails to address root cause of problem By! EBATE rages over the endgame for the Great ReA cession. The broad conI sensus of policy-makers, financial market participants, business leaders and academics concurs that
      REUTERS  -  1,168 words
    • 794 18  -  ANTHONY ROWLEY THE BOTTOM LINE ONE of the casualties of last weekend's cancelled Asean+3 summit in Pattaya was a Japanese plan to secure re-gion-wide agreement on an infrastructure "master plan" for Asia. This was a pity, especially as the political upheaval that disrupted
      794 words
    • 1315 19  -  AMIT ROY CHOUDHURY India's reputation as a place to do business will be coloured by the beleaguered tech company's fate ITH Tech Mahindra winning the bid to acquire a majority stake in beleaguered Satyam Computer Services, the most relieved people involved in the matter would
      AFP  -  1,315 words
    • 421 19  -  HUGO DIXON By FINANCIAL speculators should brace themselves for tougher regulation. Buried in one of the papers published as part of this month's G-20 summit is a suggestion that their access to credit should be more tightly controlled. That could hit hedge funds, traders working inside banks
      421 words
    • 432 19  -  Penelope Phoon LETTER TO THE EDITOR WE refer to the article "'Emphasis of matter' alarms sounding regularly" by Joyce Hooi on (BT, April 14). It does not come as a surprise that audit reports for the current reporting season are throwing up some surprises
      432 words


  • SINGAPORE STOCKS
    • 8831 20 Transaction date: Apr 15 52-wks Tel |h Low Code Last Sale Vol Cooo) Hi: Day Last Quote Div Gr Yld |h Low Buyer Seller C'vr Net P/E M Cap Sinil Hi! Com| >ari] 8.5 3 3148 8Telecom 11 2.5 5834 A-Sonic 30.5 12 5000 ABRHIdgs 17.5 5.5 1938
      8,831 words
    • 1734 21 High Low Code Company Sale COOO) High Low Buyer Seller C'vr P/E $mil 20 5 1181 s AAGrp 32 13 8538 t APStrategic 4 05 1501 s Advanced System 14 2 3480 t Adventus 28.5 8.5 3518 s Afor 19 2 1524 t Alantac 19.5 3.5 7814 s
      1,734 words
    • 359 21 52-Wk Tel High Low Code Last Sale Vol fooo) Day Ih Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi Hi. 108 100 6389 ABFSG Bond ETF 108 unch 982 427 CIMBAsean40 1OOUS$ US529 +4 190 149 DBS STI ETF 100 189 +2 2276
      359 words
    • 262 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
      262 words
    • 9314 21 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.619/ AIGIF Spore Bond Fund/ A 1.217/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.79/ APS Alpha Fund (USD)!** 0.53/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5042/ APS Komaba
      9,314 words
  • Page 20 Advertisements


  • FINANCE & COMMODITIES
    • 362 22 %dy %yr dy yr dy yr Index Change Change Change Change Change Change ir 14 World Index Preliminary 648.5 -0.1 -4.3 -1.1 -2.0 0.1 -5.8 EAFE Preliminai 621.9 0.7 -4.2 -0.2 -3.7 1.0 -7.4 Euro[ Prelim inan 853.1 1.0 -6.4 -0.2 -4.9 1.0 -8.6 Pacific
      362 words
    • 122 22 As at 9am Apr 15 Singapore dollars to one unit rf foreign currency: Currencies Bid Offer s,ust dollar 1.0740 1.1070 .an dollar 1.2280 1.2420 luro 1.9780 2.0010 IZ dollar 0.8670 0.8870 iterlini ind 2.2220 2.2470 JS dollar 1.4920 1.5090 .ocal dollars to 100 units if foreign
      122 words
    • 151 22 Apr 15 Xterniqht 1/4 -month 7/16 -months 9/16 l-months 11/16 Overnight mode: 3/16 IS$ Offer 1/8 3/16 5/16 7/16 BJd 1 days I month I months months d months months I I (All 0.42 0.60 1.10 1.35 1.80 2.05 2.25 Offer 0.32 0.50 0.90 1.15 1.60 1.85 2.05
      151 words
    • 21 22 Apr 15 STI IIMSCI 223.1 229.0 228.7 "aiwan At 213.8 215.8 214.7 Source: MF Global (S) He. Ltd
      21 words
    • 20 22 Apr 15 Bid Offer -month 1.5030 1.5044 1.5029 1.5044 {-months 1.5026 1.5042 >-months 1.5023 1.5041 Source: OCBC
      20 words
    • 61 22 Apr 15 Delivery Month Opening Sett Av Range Price Price Hi Low Vol Open Done Position Apr 09 2575 May 09 2530 Jun 09 2467 Jul 09 2425 Total o/p: ***** contracts 2580 2585 2570 32 215 2575 2622 2524 1603 7625 2459 2540 2440 ***** ***** 2398
      61 words
    • 289 22 Apr 15 EURODOLLAR FUTURES Jun09 Sep09 Dec09 Mar10 98.9500 98.9300 98.7500 98.6550 5439 3001 2967 2288 EUROYEN TIBOR FUTURES Jun09 99.440 99.445 Sep09 Dec09 99.475 99.475 Mar10 Jun10 Sep10 DedO Mar11 99.440 99.475 99.445 99.480 99.465 99.430 99.360 99.300 99.255 99.170 50 50 70 50 ***** 4015
      289 words
    • 179 22 Apr 15 tUBBER Futures (Closing prices) !SS 3 (US cents/kg) /lonth High Low Close Sett Volume (lots) O/l lots) VlayO9 unO9 lul 09 \ug 09 iep 09 Dct 09 170.5 171.0 171.0 171.0 171.0 170.0 30 37 20 30 745 914 1088 834 940 1136 FSR 20 (US
      179 words
    • 91 22 Apr 15 'eriod Issue code Maturity Yesterday's Bid Hi< Day's |h Low I-Month BQ*****W 16.07.09 -Year BY*****V 02.11.09 0.27 0.38 0.18 0.18 0.35 0.35 3OVERNMENT BONDS >eriod Issue Coupon Maturity code rate Close Bid Day's High Low !-Year N*****0E 3.125 i-Year NX*****F 3.625 '-Year N*****0S 2.875 0-Year NYO31OOA
      91 words
    • 102 22 Apr 14 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low May 09 1036.00 1021.50 1043.50 1015.00 Jul 09 1030.25 1015.75 1037.25 1008.50 AugO9 1006.25 991.00 1010.25 984.00 Sep 09 970.00 954.00 971.50 960.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 09 36.95 36.06 37.19 35.80 Jul
      102 words
    • 75 22 CRUDE OIL PRODUCTS Apr 14 origin^ t/barrel Close Cham irent blend (1-Mth F) 53.35 1.22 VTI (Near Mth) 49.47 -0.66 )ubai (1-Mth F) 52.27 0.36 "apis blend 55.70 unch i/linas 55.30 0.20 >RODUCT JS$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 49.45 59.95 -1.1! -0.8! US$/barrel )pec Oil Basket Price
      75 words
    • 447 22 Apr 15 iuro 'en (on 'eso lam 'ouni Australia 0.876 4.917 0.544 5.577 35.852 78.179 0.711 9.629 2.603 1.245 58.003 34.359 1.082 6.583 0.822 24.309 25.512 0.484 0.720 Canada 1.142 5.616 0.621 6.370 40.948 89.292 0.812 10.998 2.973 1.422 66.248 39.242 1.236 7.518 0.939 27.765 29.138 0.553
      447 words
    • 68 22 Apr 15 mth 0.***** 0.***** mths 0.***** 0.***** mths 1.***** 0.***** mths 1.***** 0.***** mths 1.***** 0.***** 2 mths 1.***** 0.***** ;WAP Offer rates (S$) mth 0.***** mths 0.***** mths 1.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs
      68 words
    • 149 22 Apr 15 Zurrencies Bid Offer Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 1.0811 1.0828 0.7193 0.7198 Canadian dollar 1.2349 1.2366 0.8216 0.8220 luro 1.9883 1.9906 1.3229 1.3233 IZ dollar 0.8683 0.8698 0.5777 0.5782 Sterlinc 2.2353 2.2375 1.4872 1.4874 IS dollar 1.5030 1.5043 >$IUS$
      149 words
    • 132 22 Apr 15 /oz) \pr_ \pr_ Hong Kong .ondon 893.90 888.40 894.90 889.40 Apr 09 Apr 14 878.70 888.15 879.20 889.15 Source: Thomson Reuters CAST BAR (S$) Apr IS Buying Sellini Kilobar "46,477.59" ***** PAMP GOLD BARS (SS) Selling Buying gm jam Ogm !0gm iOgm OOgm oz ozUBS Kinebar™
      132 words
    • 70 22 Apr 14 Co iri iiuiii, yy.i (US$/tonne) Close Previous Cash 1476.50 1500.25 3 months 1513.00 1535.00 Copper, Grade A (US$/tonne) Cash 3 months 4673.50 4699.00 4529.25 4559.00 Lead (US$/tonne) Cash 3 months 1481.75 1485.00 1397.75 1403.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash
      70 words
    • 74 22 Apr 14 (£/tonne) Close Prev Hii ih/Low Way 09 1797 1842 1838/1795 ul 09 1764 1814 1814/1760 iepO9 1752 1802 1793/1748 Dec 09 1743 1791 1789/1742 IOFFEE (US$/tonne) Close Pev High/Low Way 09 1521 1570 1552/1515 ul 09 1506 1558 1539/1502 iepO9 1513 1561 1548/1509 SUGAR (US tonne) White
      74 words
    • 2280 22 BONDS, WARRANTS EXTENDED SETTLEMENT Pel lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left >058AdvanceModulesGrpW*****3 6 susp >036AdvanceSCTLtdW*****9 0.5 1 17 156 1.50 1 87 1358 12.00 40 16 3092 Asia Environment W*****4 0.5 1 38 185 27.00 4 1481 Asia Water Tech
      2,280 words

  • Page 23 Advertisements
    • 3169 23 The Business Times mma Shipping Times m M^tM KPV SEX WAN HAI INTERNATIONAL PTE LTD UEN: *****4695M r^v fA^^^M t^^ &^y|||Xaj89 JBBWflOSCiJWDi!! TiUJUH IV"%*l\lAIAM MAI lllirr TEL6226I588 (14 LINES) FAX:6224H63 1 lltlMCvCTlH IHSmlfiBISHH^NpvWlllrB HfPpfflRl'Pl'pli^SIP'i'WPPB I V\ V^t I WAN HAI INt J PKL TEL: (03> *****8SS FAX: (03) *****28S PEN
      3,169 words

  • Page 24 Advertisements
    • 4769 24 KSii!V IP E EASTERN CAR LINER, LTD I |^^9UZDB!^| i^SgJB tr~~— SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS EBM| IkmMyill^^^^M I P<KT> I Lillinq(KT) IPX I LCB I SIN I PKL )KT LCB I VOT il![ID DISTIHnOM PCL/PHL SERVICE AMX SERVICE Connecting ECL Svc via MALTA OCEAN FRIEND ]3
      4,769 words

  • BizIT
    • 923 25 Symantec Internet threat report also shows increased malicious activity in Singapore, reports AMIT ROY CHOUDHURY AROUND 30 per cent of all attacks on Singapore computers and networks last year originated in the US, according to Symantec's latest Internet security report. Singapore rose from 1
      923 words
    • 303 25  -  AMIT ROY CHOUDHURY By ACCORDING to the Symantec Internet Security Threat Report for the Asia-Pacific, including Japan, (APJ), China was the top country affected by malicious activity within the region during 2008. Some of the highlights of the report include the following: China ranked first
      303 words
    • 578 25  -  ONG BOON KIAT By CONTACTLESS e-payment, using mobile phones to tap and pay for everyday items and services for instance, is set to get a further leg up with a new government initiative. The Infocomm Development Authority of Singapore (IDA) yesterday issued
      FILE PHOTO  -  578 words
    • 588 26 Contest now is in applications that can be enabled by a high-speed network, reports WINSTON CHAI INSTEAD of having an adverse impact, the deepening recession may have done the opposite for Cisco Systems, giving its newfound consumer ambition an unexpected boost. While the local
      588 words
    • 988 26  -  KAREN HO and <you say> By JOUKO AHVENAINEN IN 2007, Time magazine coined the term "Meconomy" to describe an economy where consumers are focused on "me, myself and I". Personalisation, customisation and customer centricity are a must to succeed these days, and Facebook with
      988 words
  • Page 25 Advertisements
    • 580 25 w WATS I \tt_J _I_ M j 1 itl Toll free: 1800-289-8822* Email: notices@sph.com.sg •www.cats.com.sg IN THE MATTER OF IN THE MATTER OF I T T THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CAP. 50 UB AM SICAV AND AND 18, boulevard Royal, L-2449 LUXEMBOURG IN THE MATTER OF
      580 words
    • 316 25 What IT Security Means to Professional Services Firms? Date: 22nd April 09 (Wed) Time: 9.00 am 11.00 am (Registration starts at 8.30 am) Venue: National Library Building 100 Victoria Street Who should attend: Imagination Room, Level 5 Finance Office HR Managers Directors Singapore *****4 Like all businesses, you rely heavily
      316 words

  • Page 26 Advertisements
    • 236 26 '"^g, ifc»... I —<■ The road ahead looks intense. You need a high-octane partner to enable \fer j3N^3\\l I V,_ F v your business for every twist and turn. T-Systems has been customising 1 I innovative ICT solutions for enterprises worldwide, including companies J i^^S JF l (^t\ Jr throughout
      236 words

  • PROPERTY
    • 680 27 Bloomberg Average number of sales per surveyor up for the first time since 2007 [LONDON] The slump in UK house prices eased last month after more than a year of declines lured buyers back into the market, the Royal Institution of Chartered
      Bloomberg; 1 I AP  -  680 words
    • 252 27 Bloomberg [DUBAI] Abu Dhabi is likely to be the best performing real-estate market in the Middle East and North Africa in the next 12 to 24 months, according to an annual survey by the consulting firm Jones Lang LaSalle Inc. A "balanced"
      Bloomberg  -  252 words
    • 485 27 Bloomberg [SYDNEY] Few Australian home borrowers face "negative equity" if property prices fall because tighter lending standards and tax rules encourage households to repay debt faster than in other countries, a central bank official said. "Australian households by and large have more of
      Bloomberg  -  485 words
    • 643 28  -  KALPANA RASHIWALA Japanese retail specialist to run hybrid dept store/ shopping centre By MILLENIA Walk mall may soon get the magic it needs to offer the wow factor to shoppers now it has signed Japan's Parco group as a tenant to take
      643 words
    • 295 28 A total of 22 funds closed last quarter, says research firm [SEATTLE] Private equity real estate funds raised US$l3 billion in the first quarter, the smallest amount in five years, as declining asset values deterred investors from committing new capital, Preqin Real Estate
      295 words
    • 261 28 FOR the first time since September last year, the Urban Redevelopment Authority has launched a public tender to sell land. The tender for the 99-year leasehold hotel site at Short Street in the Bras Basah-Bugis district will close on June 10. The
      261 words
  • Page 27 Advertisements
    • 206 27 BiliJEPilSi? Jfin Hhl I^Bfl i~~ Ti~~ Li A I Hf ii^H •rite Hw x'<^ IH I *^W Iv^&bl [I^B~ 11™1^^^^ i--160 St Georges Terrace, Perth, Western Australia Prime CBD asset consisting of retail arcade plus 9 storey Office tower of 6,139m 2 (approx) over 9 levels plus office tower 54
      206 words
    • 157 27 ST GEORGE WHARF, LONDON SWB MANHATTAN, 1, 2& 3 BEDROOM APARTMENTS FROM £399,950* BARS, RESTAURANTS AND SHOPS NOW OPEN .I BRAND NEW 24 HOUR GYM OPENING SUMMER 2009 PROPOSED NEW AMERICAN EMBASSY OPENING Wm 1 MINUTE WALK TO VAUXHALL UNDERGROUND; 23 4 MINS TO VICTORIA, 8 MINS TO OXFORD CIRCUS,
      157 words

  • Page 28 Advertisements
    • 554 28 fl EJ35HSI5SC33I [ffiSSSff^ffl^T u £iuIj!o 2 storey+Roof Terrace 8 Ta9ore Dnve I CIMfl THF ON PC THAT PITI L^ r^ .[J ■4+1+family& pte leisure pool Land Size: 92,664sqftor V>^\ lUMJ lilt UllLO I llnl N I! H V. /1 ii Slrlffil@ J|l" Unique facade, luxury interior 20.000sqft onwards u T
      554 words