The Business Times, 23 April 2009

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Total Pages: 35
1 35 The Business Times
  • 20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg SfSl A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Thursday, April 23,2009
    20 words
  • 673 1  -  PAULINE NG 27 services sub-sectors set free in bid to attract more investment By in Kuala Lumpur IN A BID to attract much-needed investments, Malaysia is scrapping its bumiputra equity requirement across 27 industries in the services sector including health, tourism, transport and information technology. With
    673 words
  • MARKETS DIGEST
    • 29 1 SINGAPORE 5.38 MALAYSIA 5.53 HONG KONG 5.00 INDONESIA 17.225 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
      Bloomberg  -  29 words
    • 44 1 1 COMP 968.58 +1.98 IIKKEI225 8,727.30 +15.97 1ANG SENG 14,878.45 -407.44 SET INDEX 460.62 -5.76 JAKARTA COMP 1,615.23 -13.62 1ANILA COMP 2,073.31 +23.91 ;eoulcomp 1,356.02 +19.21 iHENZHEN B 366.20 -11.73 IUMBAI IND 10.817.54 -80.57 12 noon EDT Cham )OW 8,037.26 +67.70 IAS DAI
      44 words
    • 46 1 US$ (S$ per US$) 1.508 (USS/SS per 1.457 2.197 EURO (US$/S$/E) 1.292 1.949 Foreign currency per US$ S$ YEN 98.30 65.20 RM 3.643 2.416 HK$ 7.750 5.139 BAHT 35.59 23.60 RUPIAH 10,850 7,195 RENMINBI 6.830 4.529 INDIAN RUPEE 50.35 33.39 1.422 0.943 NZ$ 1.799 1.193
      46 words
  • 651 1 Bloomberg Judges uphold regulator's objection to free stock given for shareholder vote [HONG KONG] PCCW chairman Richard Li's plan to buy out the city's biggest phone carrier was blocked by the Hong Kong Court of Appeal yesterday after the city's stock-market regulator objected to
    Bloomberg; AFP  -  651 words
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  • Page 1 Miscellaneous
    • 55 1 BizlT JOB CUTS BUSY DIRECTORS CITIPRIVATE yj| New scheme for j M^p^S^ Earnings down; Multi-tasking not BANK ll^i If tech start-ups p5% staff cut planned a problem Deepak Sharma L PAGE 33 l^>. PAGE 22 PAGE 4 going places PAGE 2 1 "rrtJ I BOATASIA w '■yi-^m IVlskinc] ■^g^S^is.—L-— -~M-~^^~^t----"^^m
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  • TOP STORIES
    • 439 2  -  ANTHONY ROWLEY Signs of recovery in March exports suggest that the worst may be over By in Tokyo JAPAN'S exports showed signs of recovery in March after devastating falls in preceding months, causing analysts to suggest yesterday the worst of the global trade shock
      439 words
    • 469 2  -  YEN SREENIVASAN Deepak Sharma moves up as global operations chairman By [SINGAPORE] In a move which places Singapore at Citigroup's epicentre for private banking, its Singa-pore-based wealth management boss Deepak Sharma has been promoted as the chairman of Citi Private Bank's global operations. This
      FILE PHOTO  -  469 words
    • THREE-MINUTE DIGEST
      • 75 2 IN A BID to attract much-needed investments, Malaysia is scrapping its bumiputra equity requirement across 27 industries in the services sector including health, tourism, transport and information technology. With this liberalisation, businesses in these industries will no longer need to be 30 per cent owned
        75 words
      • 63 2 PCCW chairman Richard Li's plan to buy out the city's biggest phone carrier was blocked by the Hong Kong Court of Appeal yesterday after the city's stock-market regulator objected to the deal. The judges upheld the objection by the Securities and Futures Commission, which
        63 words
      • 60 2 JAPAN'S exports showed signs of recovery in March after devastating falls in preceding months, causing analysts to suggest yesterday the worst of the global trade shock may be over for the world's second-largest economy. Exports from Japan to other Asian countries appear to
        60 words
      • 60 2 THERE is a league of extraordinary gentlemen 51 in all who sit on at least six company boards, raising questions of whether they can take on the responsibilities. But multi-tasking is not a problem, say some of these directors, who believe they
        60 words
      • 75 2 KEPPEL Land has posted a 38.8 per cent year-on-year drop in group net profit for the first quarter ended March 31, 2009, to $36.9 million. Sales slipped 46.6 per cent over the same period to $145.7 million. KepLand said that the smaller net
        75 words
      • 72 2 CAPITALAND heads into its annual general meeting today in the awkward position of having to justify the $20.52 million bonus paid to chief executive Liew Mun Leong in 2007. The huge payout, which is thought to be the largest bonus ever
        72 words
      • 71 2 WHILE Singaporeans may be warming up to the idea of contract positions in a tight job market, they still lag their regional peers in terms of willingness to do so. Only 33 per cent of Singapore respondents indicated that they would be "happy
        71 words
      • 59 2 THE Obama administration has enough money left for its economic initiatives with US$110 billion remaining in the federal financial rescue fund and US$25 billion more coming this year as some banks return bailout money or pay dividends on their government loans, Treasury Secretary
        59 words
      • 69 2 THE Straits Times Index and cumulative unsold inventory held by developers have been found to be reliable indicators preceding major turning points for private apartment and condo prices in Singapore, according to a study by DTZ. The STI has been observed to lead
        69 words
    • 527 2 AP, Bloomberg Turmoil's spread across the world was unprecedented [WASHINGTON] US Treasury Secretary Timothy Geithner said yesterday that the United States bears a substantial share of responsibility for a global economic crisis that could cost the world up to
      AP, Bloomberg  -  527 words
    • 659 4  -  JAMIE LEE SINGAPORE'S BOARD OF BUSY DIRECTORS They say they can juggle several board seats and discharge their responsibilities By [SINGAPORE] There is a league of extraordinary gentlemen 51 in all whose individuals sit on at least six company boards, raising questions of whether they can
      659 words
    • 372 4 Reuters, Bloomberg Police would not confirm if death was a suicide [WASHINGTON] David Kellermann, acting chief financial officer of mortgage giant Freddie Mac, was found dead yesterday in his suburban Virginia home after apparently committing suicide, a local police source said. Police
      – Reuters, Bloomberg; AFP  -  372 words
    • 639 4  -  NEIL BEHRMANN New Budget also sees govt borrowing £175 billion By in London THE United Kingdom's Labour government is set to borrow £175 billion (Ss3B2 billion) this year because of the worst recession since World War 11, under its Budget delivered yesterday.
      639 words
    • 384 4  -  RONNIE LIM By [SINGAPORE] Power demand here continued to fall last month, figures from the Energy Market Company showed signalling no "green shoots" yet for the economy. In March, average electricity demand the bulk coming from industries and companies -was 4,309 megawatts (MW). This
      384 words
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      589 words
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  • COMPANY NEWS
    • 548 5  -  KALPANA RASHIWALA Factors: Completion of several trading projects and higher expenses By KEPPEL Land has posted a 38.8 per cent year-on-year drop in group net profit for the first quarter ended March 31, 2009, to $36.9 million. Sales slipped 46.6 per cent over
      548 words
    • 796 5  -  R SIVANITHY THE Singapore Exchange (SGX) recently hinted that it was looking at any impropriety surrounding the announcement of various rights issues. It also reprimanded Neptune Orient Lines for a disclosure lapse, simultaneously reminding all companies that full and timely disclosure "is crucial
      796 words
    • 511 6  -  UMA SHANKARI AGM WATCH Shareholders may also want clarity on company's plans for $5.7b cash hoard By I CAPITALAND heads into its annual general meeting (AGM) today in the awkward position of having to justify the $20.52 million bonus paid to chief executive
      511 words
    • 406 6  -  CHEW XIANG By SINGAPORE Technologies Engineering's annual general meeting, held yesterday at the Holiday Inn Park View, passed happily almost without incident. It was over in an hour and the buffet spread afterwards was a reasonable use of shareholders' cash- fairly spartan, in other
      406 words
    • 395 6  -  TEH SHI NING By THE Securities Investors Association of Singapore (SIAS) said yesterday that it is "not pleased" with the "manner and circumstances" in which the removal of an independent director of Kian Ho Bearings is being sought, and urged
      395 words
    • 246 6  -  JOYCE HOOI By SINGAPORE Exchange (SGX) and NYSE Euronext (NYX) will terminate their American Stock Ex-change-SGX joint venture at the end of this month. The move follows NYX's acquisition of the American Stock Exchange last October. The joint venture was formed in 2001
      246 words
    • 422 9  -  LYNETTE KHOO Few changing governance structure to cope with crisis: survey By ALL eyes are on corpo-rate-finance departments to do their part in cost-cut-ting, reassessment of risks, and coping with the uncertainties emanating from this economic crisis. But despite the added responsibilities,
      422 words
    • 281 9  -  JOYCE HOOI By ASCOTT Residence Trust (Ascott Reit) posted a 23 per cent year-on-year drop in distributable income for the first quarter ended March 31, 2009 from $14.2 million to $10.8 million. In terms of distribution per unit (DPU), the fall is 24 per cent
      281 words
    • 69 9 Notes: Net profit refers to profit attributable to equity holders. Trust Reits: Net profit is income available for distribution and turnover is gross revenue. Exchange rate: US$l =551.52 Q1 results ended March 2009 CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG (Sim) (Sim) Keppel Land 36.89 60.29 -38.8 145.71
      69 words
    • 153 9 TO strengthen service delivery to advertising agencies and advertisers, Singapore Press Holdings (SPH) has announced the appointment of Geoff Tan to oversee its customer service department, which is part of the marketing division. He will assume his new role in May, in addition to his current
      153 words
    • 502 9  -  NISHA RAMCHANDANI Revenue in Q1 boosted by four new vessels By AS the global economic slowdown and credit crunch continue to erode demand, freight rates for containerships and tankers are likely to remain depressed this year. For instance, the Baltic (Dirty Tanker) Index has dropped
      502 words
    • 572 9  -  LYNETTE KHOO By AFTER more than a month without having a single independent director on its board, Guangzhao Industrial Forest Biotechnology has appointed three independent directors to fill the vacuum. It has also appointed an executive director. The appointments, taking effect on April 25, follow the
      572 words
    • COMPANY BRIEFS
      • 42 9 SUNPOWER Group said it has won a 63.7 million yuan (Ssl4 million) contract to manufacture and install pressure vessel equipment for Henan Longyu International Trading. The vessels are expected to be delivered by the first half of 2010.
        42 words
      • 76 9 STARHUB has appointed its network engineering veteran David Storrie as the chief executive of its new subsidiary Nucleus Connect from next month. The formation of Nucleus Connect is a requirement under the government's operating company (OpCo) tender. The operator must set up a separate
        76 words
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      61 words

  • Page 6 Advertisements
    • 1051 6 A WATS V 13" Bayerische Hypo- und Vereinsbank AG Member of UniCredit Group Head Office: Kardinal-Faulhaber-Strasse 1, ***** Munich, Germany. Telephone (0 89) 3 78 0 Singapore Branch: 30 Cecil Street #25-01 Prudential Tower, Singapore *****2 Tel: 6413 3688 Balance Sheet at December 31, 2008 Consolidated Income Statement and Appropriation
      1,051 words
    • 842 6 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg PACIFIC SHIPPING THUJT (A business trust constituted on 25 April 2006 under the laws of the Republic of Singapore) Managed by PST Management Pte. Ltd. NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders
      842 words

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      798 words

  • SINGAPORE MARKETS
    • 605 8  -  R SIVANITHY STOCKS Correction from Tuesday's spurt and intensive selling in HK result in STI losing 44 points THERE were no surprises in trading yesterday Jardine Matheson (JM) shares, which were artificially pushed up in late trading on Tuesday, fell back by almost exactly the same
      Bloomberg  -  605 words
    • 95 8 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 4 7 6 0 0 0 4 7 6 Manufacturing 30 69 58 38 76 67 Commerce 14 27 20 16 29 27 Tpt/Stor/Comms 23 23 Finance 13 13 Construction 10 Properties 11
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    • 116 8 TURNOVER C000) MAIN SDQ TOTAL MAIN VALUE C000) SDQ TOTAL Multi Ind 28,394 28,394 108,408 108,408 Manufacturing 544,324 30,893 575,217 252,260 939 253,199 Commerce 88,811 6,593 95,404 72,343 865 73,207 Tpt/Stor/Comms 126,481 4,150 130,631 201,488 171 201,660 Finance 48,093 48,093 295,822 295,822 Construction 101,816 6,106 107,922 15,474
      116 words
    • 106 8 Capita Land 2.700 -0.090 CapitaMall 1.230 -0.050 CityDev 5.760 -0.210 ComfortDelGrc 1.340 -0.020 Cosco Corp 1.050 -0.030 DBS Grp 9.050 -0.170 F&N 2.590 -0.060 Gent Intl 0.605 -0.010 Golden Agri 0.365 +0.005 HK Land 2.400 +0.030 JMH 19.900 -4.100 JSH 10.760 +0.260 JardineC&C 13.480 -0.320 Keppel
      106 words
    • Article, Illustration
      816 8 Capita Commercial Trust (CCT) April 22 close: $0,825 OCBC INVESTMENT RESEARCH, April 22 TENANCY risk for CCT is well-ma-naged, with a wide base of 540 tenants. CCT's maximum exposure to a single tenant is about 13 per cent of its monthly gross rental income and this comes from
      Bloomberg  -  816 words
    • 541 8 Reuters CURRENCIES [LONDON] The yen rose broadly yesterday as falls in share prices encouraged investors to pare back exposure to risk, while the sterling pound fell sharply as the UK government issued grim forecasts in its annual budget. Falls in European equities and
      – Reuters  -  541 words
    • 4 8 DAILY
      4 words
    • 62 8 Apr 22 VALUE CLOSE BT OB/OS 574.00 +32.00 BT CADI -*****.00-114.00 BT 10-day MA -*****.00 +58.00 FTSE ST Mid Cap 379.65 -5.22 FTSE ST Small Cap 311.43 -3.02 FTSE ST All Share 441.88 -9.60 FTSE ST China Top 177.02 -2.02 FTSE ST China 172.97 -2.90 UOB Catalist
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    • 59 8 VOLUME Chart SemiCond 172,021,000 Golden Agri 140,181,000 Sino-Env 53,560,000 IndoAqri 48,089,000 China Honqxinq 47,421,000 Sing Tel 39,771,000 Capita Land 34,675,000 Cosco Corp 28,912,000 Noble Grp 28,732,000 Yonqnam 27,081,000 VALUE(S) DBS Grp 98,599,730 Sing Tel 98,525,770 Capita Land 94,310,960 UOB 85,205,485 Keppel Corp 78,947,710 OCBC Bk 59,719,260 Wilmar
      59 words
    • 105 8 BY CENTS CLOSE UP OCBC Bk5.1%NCPS 100 9450 120.0 1.3 OCBCO :.93%Pref10 6962 42.0 0.' JSH 1076 39.2 2.5 UOB 5.05%NCPS 100 9360 30.0 0.3 Kei Con .ES.0904 597 18.0 3.1 STXPO 100 1370 16.0 1.2 Wilmar.ES.0904 340 14.0 4.3 Thailand 10US$ 284 10.6 2. Asia Pac Brew 960
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    • 114 8 CLOSE DOWN 1990-618.0 -17.1 JMH DBXT S&P Short 10US$ 7558 -69.3 -0.6 China H 10US$ 1130 -60.3 -3.. Jardine C&C 1348 -32.0 -2.3 Elec Eltek 103 -30.1 -16.3 India Ni 10 993 -30.0 -2.9 Cifr 576 -21.0 -3.! S I A 1060 -20.0 -1.9 Great Eastern 864 -19.0 -2.2
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    • 84 8 iere« S$ stands Apr 22 %CHNG CLOSE FR Apr 21 YR2009 S$ LOW S$ HIGH USS 1.5076 -0.07 1.5579 1.4308 Euro 1.9481 0.22 2.0732 1.9150 Pounds 2.1907 0.27 2.2712 2.0356 AS 1.0610 -0.27 1.1100 0.9453 Yen* 1.5341 -0.11 1.7278 1.4831 Rupiah* 0.***** 0.20 0.***** 0.***** Baht* 4.2348 -0.02 4.3390
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  • Page 9 Advertisements
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      151 words

  • SINGAPORE NEWS
    • 340 10  -  JOYCE HOOI Only 33% surveyed say they will be willing to take a contract position By WHILE Singaporeans may be warming up to the idea of contract positions in a tight job market, they still lag their regional peers in terms of willingness
      FILE PHOTO  -  340 words
    • 443 10  -  CHEN HUIFEN By While NZ businesses can look to Singapore as a portal to Asia, Singapore can tap on NZ's scientific excellence and creativity. According to Dr Gluckman, NZ is consistently ranked among the top of OECD countries in terms of productivity
      443 words
    • 343 10 COE premiums stayed at roughly the same level as in the previous bidding exercise as the overall demand for new vehicles remained relatively steady, according to some motor distributors. Yesterday's tender for certificates of entitlement was the second one in the new and smaller Quota Year
      343 words
    • SINGAPORE ROUNDUP
      • 32 10 THE first round of negotiations for a free trade agreement (FTA) between Singapore and Costa Rica ended yesterday. The two sides discussed plans to simplify Customs procedures.
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      • 38 10 FORMULA One race promoter Singapore GP has added 750 seats to the Connaught grandstand, where seats are selling fast. Fans can still buy Esplanade Waterfront tickets at the regular rate of $598.
        38 words
      • 48 10 THE Inland Revenue Authority of Singapore (IRAS) yesterday reported a solid response to its calls for taxpayers to file their returns online. A record of 91 per cent have used the e-Filing interface this year up 4 per cent from last year.
        48 words
    • 292 10 Facility will create 230 jobs and be Singapore's 6th bio-logics plant HEALTHCARE company Baxter International will expand its manufacturing operations in Singapore with a new bulk-produc-tion facility and will hire more employees. The facility, which will start operating in three to five years,
      292 words
    • 300 10 SINGAPORE yesterday signed a memorandum of understanding (MOU) with the City of Milan to promote economic cooperation in areas such as design innovation and knowledge sharing, as well as trade and investments. The MOU was signed by Chong Lit Cheong, chief executive officer of International
      300 words
    • 388 10  -  TEH SHI NING Weak global growth expected to persist till 2011 By THE global economy has seen its worst, but a "slow thaw lies ahead", says Michala Marcussen, head of strategy and economic research at Societe Generale Asset Management (SGAM). She told reporters here
      388 words
    • 198 10  -  BRITTANY KHOO By A 3R reduce, reuse and recycle Fund was launched yesterday by Environment and Water Resources Minister Yaacob Ibrahim. A National Environment Agency (NEA) initiative, the $8 million fund will subsidise up to 80 per cent of new waste minimisation and recycling projects,
      198 words
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  • ECONOMY WATCH
    • 670 11 LAT-WP Rescue fund still has USsllob; banks also set to return or pay dividends of USs2sb [WASHINGTON] The Obama administration has enough money left for its economic initiatives with US$llO billion remaining in the federal financial rescue fund and US$25 billion more coming
      LAT-WP; REUTERS  -  670 words
    • 483 11 Reuters [WASHINGTON] The US Treasury Department is considering giving banks and investors billions of dollars in fresh incentives to modify troubled mortgages and save homeowners from foreclosure, sources familiar with official deliberations said. Under one scenario, investors in second liens would receive a cash
      Reuters  -  483 words
    • 413 11 Reuters However, more interest rate cuts from RBA seen unlikely as core inflation still high [SYDNEY] Australian consumer prices were surprisingly subdued last quarter thanks to a steep drop in financial costs, but stubbornly high readings for core inflation could put a brake on further
      Reuters  -  413 words
    • 528 11 AP Contraction could start to moderate in Q2 [LONDON] Bank of England rate-setters spotted some signs that Britain's recession was becoming less acute at their most recent meeting on April 9 but held back from saying that the economy was on the road
      AP  -  528 words
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  • MALAYSIA/INDONESIA
    • 380 12 Bloomberg Consumer prices in March rose 3.5%, offering scope for more interest rate cuts [KUALA LUMPUR] Malaysia's inflation slowed to an 11-month low last month, giving the central bank room to add to three successive interest-rate cuts and help revive growth. Consumer prices
      Bloomberg  -  380 words
    • 536 12  -  S JAYASANKARAN By in Kuala Lumpur FORMER prime minister Mahathir Mohamad yesterday came right out and named who he thought were the "unsavoury" characters that had been included in Prime Minister Najib Razak's government. He also denied that he had disproportionate influence over the current
      536 words
    • 331 12 ■AFP Golkar is opening communication with other parties: official [JAKARTA] The top coalition party in the government of Indonesian President Susilo Bambang Yudhoyono yesterday said that it will abandon its alliance with the ex-general as he seeks re-election in July. Golkar executives decided
      ■AFP; AFP  -  331 words
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  • GREATER CHINA
    • 659 13 Reuters It expects economy to come close to meeting 8% growth target this year [BEIJING] China's central bank yesterday declared the economy to be on the road to recovery as Goldman Sachs joined a rush to upgrade growth forecasts on the back of aggressive
      ■ Reuters; AP  -  659 words
    • 276 13 Reuters It sees economy shrinking by a milder 4% this year [HONG KONG] Hong Kong's economic outlook is not quite as bad as previously thought now that China's economy is improving, according to Goldman Sachs, which has reduced its forecast for a contraction in Hong
      Reuters  -  276 words
    • 167 13 AP [BEIJING] Labour-related lawsuits in China rose nearly 60 per cent this year due to factory shutdowns and mass layoffs, state media reported yesterday. China's factories were hard hit when overseas demand for their exports evaporated because of the global financial crisis. In the
      AP  -  167 words
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      22 words
    • 315 13 Hotel Istana EjilliUjJTTfflWffl^ffEM Kuala Lumpur liKoach service include:- _-o^^&>\^ 1/ Light refreshment P™ .^ttWWmk\\w^m Guide Service M K^lP* '-Hi^^Bi 11 •MuißChannelEntertairmenT^^l Package includes:I nujvf/ufucp;i/ii-i:..if.,,i,i I Return Coach Ticket SIN -XL SIN DAILY COACH SERVICE to Kuala Lumpur Drop off pickup at Hotel Istana SIN-XL 0800,1030,1700, One Night Superior Twin accommodation
      315 words

  • INDIA
    • 753 14 Bloomberg Economy is doing better than most in global slump, says central bank [MUMBAI] India's central bank may be coming to the end of its steepest string of interest rate cuts on record after saying that Asia's third-largest economy is faring better
      – Bloomberg  -  753 words
    • 283 14 AP [MUMBAI] Indian outsourcing major Wipro Ltd said that fourth quarter profit rose 4 per cent, even as revenue from information technology services slides amid a global slump in demand. Wipro said yesterday that it earned 9.07 billion rupees (*****.9 million) in net income
      AP  -  283 words
  • Page 14 Advertisements
    • 1092 14 m^IV'TJI Land I Keppel Land Limited Co Reg No: *****0001G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE QUARTER ENDED 31 MARCH 2009 The Directors of Keppel Land Limited announce the following unaudited results of the Group for the quarter ended 31 March 2009: Quarter Quarter Ended
      1,092 words

  • BOAT ASIA '09
    • 701 15 Boat Asia sails back into Marina at Keppel Bay with a stunning display of high-end yachts, luxury resorts and properties, reports vimcemt wee NOT all the visitors to this year's Boat Asia 2009 may be able or willing to actually buy the boats on
      701 words
    • 818 16 But luxury boat makers air optimism as the number of bargain hunters is on the rise, reports liew aiqiimg FOR the boating enthusiast, cruising the highway just cannot compare to cruising the high seas. However, the exorbitant prices of luxury boats might act as
      818 words
    • 918 16 AS THE preferred gateway to the region's waters, Singapore has in recent years seen an increase in the number of international superyachts stopping by. Among the draws that attract these massive pleasure palaces of the rich and famous are the well-developed marina
      918 words
    • 1084 19 Despite the bad news, charter companies are holding their heads above water by keeping their spirits up, reports zhaimg yi tihic FEW words inspire the idea of luxury as readily as a super yacht. But with the credit storm raging over the economy, is the
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    • 782 20 KOP Group's development on 12-hectare pristine Batam waterfront site will offer 133 villas, reports viimceimt wee THE Indonesian island of Batam is only very slightly known as a marine leisure playground. To most people, it is more often thought of as Singapore's industrial extension
      782 words
  • Page 15 Advertisements
    • 60 15 V« 23 26 APRIL 2009 MARINA AT KEPPEL BAY I 9PM (THUR SAT) 12 7PM (SUN) WWW.BOAT-ASIA.COM W Produced by In Partnership with GoM Sponsor lifestyle Sponsors Official Car Official Hotel Official Card Supported by Held In mfl K,3, aidS MO« NP iO, XTRA OH) fIU M Official Media BSating
      60 words



  • Page 18 Advertisements
    • 193 18 VH|!flH^A j^O<^^L Vorsprung durch Technik www.audi.com.sg k JV 'tE CHE! —-~ZT 1-**^«^^- —C^^w L. There are no Limits when style and technology are perfectly synchronised. Experience the new Audi Q5 at Boat Asia, 23 Apr-3 May. Designed to inspire and engineered to excite, the Audi Q5 gives 2.0 TFSI® or
      193 words

  • Page 19 Advertisements
    • 143 19 cu*ea/n/sf°wf^w O-i /j^gfc^fcgp ,'«iilSi<" '-^^S..'»l£.i The Republic of Singapore Yacht Club invites you to indulge in privileges enjoyed only by a few with this extraordinary offer. 300 Social Memberships are available with joining fee of only 6,888! Enjoy Lifetime Membership, with privileges extended to your spouse and children up to
      143 words

  • Page 20 Advertisements
    • 53 20 THE ORIGINAL. HANDWOVEN FROM WEATHER-RESISTANT DEDON FIBER. flP^r I fc j fl_ jWWw- ijjj j- v rt -^^^^^^^^^m \is t-v— /I_L______________i v" DEDON Collection STREAM. Design by EOOS. I I f I XTRA 3 Killiney Road 01-01/02 Winsland House 1 Singapore *****9 M M k^^L Tel: 65 6836 0288 info©xtra.com.sg
      53 words

  • ASIA-PACIFIC/WORLD
    • 534 21  -  ANTHONY ROWLEY Fiscal and monetary stimulus won't gain traction if consumers hang back By in Tokyo MASSIVE fiscal and monetary stimulus packages that are being implemented by the world's leading economies have made "only limited progress in stabilising financial markets and in containing the downturn
      534 words
    • 638 21 NYT [SAN FRANCISCO] Yahoo said on Tuesday that it would cut 5 per cent of its work force after a decline in revenue and profit during the first three months of the year, the first quarter under the leadership
      NYT; AP  -  638 words
    • 481 21  -  GENEVIEVE CUA World economy may start growing by end of year By [SINGAPORE] THE global economy should be stable and starting to grow by the end of this year, says Aaron Gurwitz, Barclays Wealth managing director and head of global investment advisory. Mr Gurwitz is
      481 words
    • 201 21 Reuters [BANGALORE] US banks will be briefed by regulators as early as Friday on how they performed in government "stress tests", before the results are made public later, The Wall Street Journal reported, citing government officials. Some estimates of likely losses
      Reuters; AP  -  201 words
    • 399 21 AP, Reuters [NEW YORK] Morgan Stanley and Wells Fargo posted contrasting results yesterday amid fears of further loss provisions from the banking sector. Morgan Stanley posted a bigger than expected quarterly loss to common shareholders of US$57B million, hurt partly by the
      AP, Reuters  -  399 words
  • Page 21 Advertisements
    • 1360 21 A WATS LANKOM ELECTRONICS LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 7F No. 5 Lane 345 Yang Guang Street Neihu Taipei 114 Taiwan on Friday 15 May 2009 at 10.00 a.m. to transact the following
      1,360 words

  • WORLD
    • 756 22 AP Move will help the casino firms cope with falling revenue amid global slump [LAS VEGAS] Casino companies Wynn Resorts Ltd and Las Vegas Sands Corp each said on Tuesday that they amended their debt agreements to get more breathing room as they repay billions
      AP  -  756 words
    • 426 22 -Reuters But separate survey shows global consumer confidence still on the decline [CHICAGO] Consumer activity is showing signs of levelling off after a sharp drop last year and could indicate a potential bottom in the global downturn, data released yesterday showed. The monthly
      -Reuters; AFP  -  426 words
    • 267 22 Reuters [WASHINGTON] Wall Street banks and dealers will escape "meaningful" regulation if the Federal Reserve oversees over-the-counter derivatives, said a US House chairman on Tuesday, decrying their political power. Agriculture Committee chairman Collin Peterson said that the Commodity Futures Trading Commission should
      Reuters  -  267 words
  • Page 22 Advertisements
    • 2619 22 Wee Hur Holdings Ltd. (Unique Entity Number *****951 OK) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Wee Mur Holdings Ltd. (the "Company") will be held at Quality Hotel Singapore, Grand Ballroom, 201 Balestier Road, Singapore *****6
      2,619 words

  • AVIATION
    • 360 23  -  YEN SREENIVASAN It can also ply routes to Ipoh, Kuantan, Penang and Kuala Terengganu By [SINGAPORE] FANCY a flight to Malacca? No sooner would you get on a jet than you would have to get off, you might say. But not with turbo-prop
      360 words
    • 435 23 Xinhua [TIANJIN] Leading world aircraft producer Airbus will cut monthly global production of the A 320 in October but its assembly target in China won't change, a senior company official said on Tuesday. Due to the global downturn, Airbus will
      Xinhua  -  435 words
    • 998 23 Bloomberg Q1 results to include charge for weaker price, output of 777s [NEW YORK] Boeing may signal that production slowdowns will spread to the 737, the world's best-sell-ing airliner. The planemaker was due to report profit yesterday. Boeing announced plans two weeks ago to
      Bloomberg; AP  -  998 words
    • 2555 23 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), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR: EVA
      2,555 words
  • Page 23 Miscellaneous
    • 165 23 CRYPTIC CROSSWORD ACROSS 2 Part of circle he had bent over (6) 3 Cheap American duo took 16 Bird S bar rested awkward y AcrO ss: 1 Cheapo, 4 Consompart (3-3) ,g* me 10 Swineherd, 11 Torus, 12 4 Tearaway's financial exploita- Aliment, 13 Narrate, 14 Tense, 15 tion (3-3)
      165 words

  • SHIPPING/AVIATION
    • 499 24  -  VINCENT WEE SEA ASIA Some suggested blockading ports where pirates launch their raids By THE views of what should be done about the piracy problem are as divergent as the people that present those views. This was clear from a conference on piracy
      499 words
    • 433 24  -  LIEWAIQING By SHORED up by high oil prices, the offshore industry has boomed for the past few years. But this year it has lost much its shine as the global economy weakened and oil prices sank with it. Choo Chiau Beng,
      FILE PHOTO  -  433 words
    • 205 24  -  VINCENT WEE By SINGTEL has used the Sea Asia exhibition to launch three new satellite broad-band-based on-board IT solutions for the maritime industry. Sing Tel AlTrac is a global satellite tracking solution that allows maritime and logistics companies to accurately monitor the re-al-time
      205 words
    • 433 24 -AP [WASHINGTON] A top executive at Lockheed Martin Corp indicated on Tuesday that it has accepted the Pentagon's proposal to cap production of the defence contractor's F-22 fighter jet, the latest sign that the job-heavy programme may not be revived. Defense Secretary
      -AP; AP  -  433 words
    • 242 24  -  ZEINAB YUSUF By WITH no industry spared in the economic downturn, maintaining low costs would seem the best way to go for now. But Alex Walker, vice-president of operations with Chevron Shipping Company, sees other options. Delivering a keynote address to the International
      FILE PHOTO  -  242 words
    • 152 24 DESPITE the economic slowdown, Singapore's port has continued to deliver excellence and has been named best in Asia at the latest Asian Freight and Supply Chain Awards. This is the 21st time Singapore has clinched the honour in the award's 23-year history. Other nominees this
      152 words
    • 279 24 THE opportunity to sell more yachts into Asia is one that UK luxury yacht maker Fairline Boats cannot afford to pass up. This is the firm conviction of Fairline Boats Asia president Bryan Jones, who expects to see the new corporate office
      279 words
    • 57 24 Bloomberg [HONGKONG] China's ports posted a 12.8 per cent decline in first-quarter container volume from a year earlier to 25.5 million twenty-foot equivalent units, according to a statement posted yesterday on the Ministry of Transportation's website. Cargo volume for Chinese ports fell 3.3 per
      Bloomberg  -  57 words
    • TRANSPORT STOCKS
      • 107 24 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.30 ....unch 1.05 0.40 0.93 0.43
        107 words
      • 36 24 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.70 8.45 8.55 3.36 2.70 0.02 0.12 0.03 40 -0.15 339 unch 52 0.06 3926 -0.22 15 unch 1 unch *****
        36 words
      • 12 24 ■oo 'recious Ship Regional Cont 12.50 6.50 -0.20 -0.10 4041 53)
        12 words
      • 11 24 '000 Doil iingamas Cont 21.55 0.49 -1.30 250! -0.03 1818!
        11 words
      • 20 24 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.70 12.75 unch unch 0.20 unch unch unch 95; 261
        20 words
      • 22 24 Evergreen Marine ...17.30 :irst Steamship 42.90 /Van Hai Lines 15.25 t'ang Ming Marine...12.20 -0.55 0.10 -0.25 -0.20 16 11 3 14
        22 words
      • 40 24 '000 (awasaki Hvy Ind ..207.00 Cawasaki Kisen 419.00 Mitsubishi Hvy 320.00 Mitsui Eng&Sbldg...203.00 Mitsui Osk Lines 632.00 Mippon Express 342.00 MipponYusen 449.00 iource: Thomson Reuters -5.00 ***** 8.00 7904 -3.00 ***** 2.00 5444 5.00 ***** -1.00 4140 12.00 *****
        40 words

  • EDITORIAL & OPINION
    • 496 25 THERE are company directors, executive directors, independent directors, and then there are some "super men"- people who hold more than six directorships in listed companies, well over the number (four, apparently) thought to be a fair cap for people with full-time jobs. It's hardly any
      496 words
    • 1046 25  -  ANTHONY ROWLEY Once the crisis is over, output growth will be appreciably below rates in the recent past I AM feeling punch drunk from reading tens of thousands of words by way of analysis of the global financial and economic crisis
      AFP  -  1,046 words
    • 771 25  -  LEON HADAR THE BOTTOM LINE PUNDITS in Washington have yet to draw up an outline of US President Barack Obama's grand strategy or to provide an account of an Obama Doctrine of foreign policy akin to the dramatic changes he has made
      771 words
    • 1005 26  -  JOHN KEMP Reuters It has never managed to impose significant disciplines on the policies of its members By INSTITUTIONS often outlive their usefulness. Since the end of the Cold War, North Atlantic Treaty Organisation (Nato) has often looked like an organisation in search of
      – Reuters; REUTERS  -  1,005 words
    • 609 26  -  EDWARD HADAS By IMAGINE this speech from a pharmaceutical marketing manager. "This new drug is designed to work well, but we haven't tried it out yet on real people. Of course, there could be terrible side effects, but wait and see. One thing's for sure,
      AP  -  609 words
    • 470 26  -  PAUL SAMUELSON Tribune Media Services THE best analysts on macroeconomics seem to agree on so little and disagree about so much. After two years of such argumentation, the global economy definitely still is experiencing worsening of the business cycle. Is credit tight? Or
      – Tribune Media Services  -  470 words
    • LETTER TO THE EDITOR
      • 236 26  -  David Tan WE refer to the article: "Omega struck off SGX issue managers list" (BT, April 22) We would like to clarify and place on record the following inaccuracies in the article: First and foremost, Omega was not "struck off" the SGX issue
        236 words


  • SINGAPORE STOCKS
    • 8536 27 Transaction date: Apr 22 High Low Code Company Sale C000) High Low Buyer Seller C'vr •k P/E Smil 8.5 3 3148 8Telecom 11 2.5 5834 A-Sonic 30.5 12 5000 ABRHIdgs 17.5 5.5 1938 AEI Corp 9.5 1 1100 AEM 23 7 2101 APOil 80.5 26.5 5550 ARA 8.5
      8,536 words
    • 1654 28 High Low Code Company Sale C000) High Low Buyer Seller C'vr •k P/E $mil 20 5 1181 s AAGrp 32 13 8538 t APStrategic 4 05 1501 s Advanced System 14 2 3480 t Adventus 28.5 8.5 3518 s Afor 17.9 2 1524 t Alantac 19.5 3.5 7814
      1,654 words
    • 343 28 _Hm Low Code Conn Sale COM) _Hm Low Seller C'vr P/E M 108 100 6389 ABFSG Bond ETF 108 unch 982 427 CIMBAsean40 100US$ US534cd -12 195 149 DBS STI ETF 100 184 -5 2288 1682 DBXT FTChina25 10US$ US2288 3232 3228 DBXT FTVietnam 10US$ US3232 1104 850
      343 words
    • 248 28 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
      248 words
    • 9314 28 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.611/ AIGIF Spore Bond Fund/A 1.214/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.81/ APS Alpha Fund (USD)!** 0.54/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5067/ APS Komaba Global
      9,314 words
  • Page 27 Advertisements


  • FINANCE & COMMODITIES
    • 381 29 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Apr 21 World Index Preliminan 641.8 0.2 -5.3 0.1 -3.2 0.3 -7.5 t EAFE Prel liminai 616.8 -0.8 -5.0 -0.6 -5.3 -0.5 -9.5 Euro[ Preliminan
      381 words
    • 133 29 As at 9am Apr 22 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.0550 1.0880 Can dollar 1.2090 1.2240 Euro 1.9350 1.9600 NZ dollar 0.8360 0.8540 Sterlini ind 2.1940 2.2230 US dollar 1.4970 1.5150 Local dollars to 100 units of foreign
      133 words
    • 172 29 Apr 22 Offer Bid Overnight 1/16 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 0.02 US$ Offer 1/32 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.35 0.55 1.00 1.30 1.80 2.10 2.30 Offer 0.25 0.45 0.80
      172 words
    • 25 29 Apr 22 ten Hii Sett STI SIMSCI Al 223.8 225.0 220.5 Taiwan A[ 215.8 217.9 216.0 Source: MF Global (S) He. Ltd
      25 words
    • 22 29 Apr 22 S! Bid Offer 1-month 1.5072 1.5087 2-months 1.5070 1.5086 3-months 1.5067 1.5084 6-months 1.5063 1.5082 Source: OCBC
      22 words
    • 60 29 Apr 22 Delivery Month Opening Sett Av Range Price Price Hi Low Vol Open Done Position May 09 2626 Jun 09 2544 Jul 09 2469 AugO9 2414 Total o/p: ***** contracts 2637 2641 2590 2554 2556 2498 2475 2481 2323 2610 2610 2373 Turnover: ***** Market tone: Higher
      60 words
    • 299 29 Apr 22 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES JunO9 SepO9 DecO9 Mar10 98.9050 98.8400 98.6200 98.5050 5805 2905 2943 2538 EUROYEN TIBOR FUTURES JunO9 99.455 99.455 SepO9 99.505 99.505 DecO9 99.485 99.495 Mar10 Jun10 Sep10 Dec10 Mar11 99.455 99.505 99.485 99.455 99.490 99.480 99.455 99.420
      299 words
    • 185 29 Apr 22 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l lots) May 09 JunO9 159.0 Jul 09 158.3 Aug 09 Sep 09 Oct 09 158.2 158.2 155.0 155.0 155.0 155.0 155.0 154.0 40 28 20 618 895 1088 822 980
      185 words
    • 84 29 Apr 22 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi< Day's |h Low 3-Month BQ*****N 23.07.09 1-Year BY*****V 02.11.09 0.25 0.36 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hio Day's cjh Low 2-Year N*****0E 3.125 5-Year NX*****F 3.625 7-Year N*****0S 2.875 10-Year NY*****A 4.000
      84 words
    • 100 29 Apr 21 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low May 09 1038.00 1018.50 1042.75 1012.75 Jul 09 1033.00 1011.50 1037.50 1005.25 AugO9 1013.00 983.00 1017.75 980.00 SepO9 971.00 941.00 972.50 944.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 09 36.13 35.45 36.25 35.23 Jul 09
      100 words
    • 77 29 CRUDE OIL PRODUCTS Apr 21 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 49.79 -0.41 WTI (Near Mth) 46.95 1.17 Dubai (1-Mth F) 48.88 -1.49 Tapis blend 52.20 -1.50 Minas 51.50 -1.50 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 47.05 57.35 -1.12 -2.35 US$/barrel Opec Oil
      77 words
    • 464 29 Apr 22 AS CS Rmb Euro HKS IndRsRi Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.873 4.804 0.544 5.452 35.415 76.324 0.691 9.484 2.562 1.266 56.688 34.244 1.061 6.317 0.823 23.812 25.036 0.483 0.703 Canada 1.146 5.504 0.624 6.245
      464 words
    • 75 29 Apr 22 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP Mid rates (Ss) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 2.***** syrs 2.***** 7yrs 2.***** 10yrs 2.***** 12yrs 2.***** 15yrs 2.***** Source: Thomson Reuters 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 1.***** 0.*****
      75 words
    • 158 29 Apr 22 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0600 1.0615 0.7033 0.7036 Canadian dollar 1.2143 1.2160 0.8057 0.8060 Euro 1.9475 1.9500 1.2921 1.2925 NZ dollar 0.8374 0.8387 0.5556 0.5559 Sterling md 2.1954 2.1983 1.4566 1.4571
      158 words
    • 141 29 Apr 22 GOLD (USS/oz) Apr 22 Apr 21 Hong Kong London 884.10 886.80 885.10 887.80 Apr 21 Apr 20 881.40 883.25 882.90 884.75 Source: Thomson Reuters CAST BAR (S$) Apr 22 Buying Sellini Kilobar "46,236.84" ***** PAMP GOLD BARS (SS) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm
      141 words
    • 69 29 Apr2i\ minimum, 99.7 jrity (US$/tonne) Co Close Previous Cash 1421.25 1402.75 3 months 1458.50 1440.00 Copper, Grade A (US$/tonne) Cash 3 months 4510.50 4507.00 4585.00 4590.00 Lead (US$/tonne) Cash 1472.00 3 months 1462.00 1468.00 1455.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • 71 29 Apr 21 |COCOA(£/tonne) Close Prev Hii ih/Low May 09 1792 1760 1799/1757 JulO9 1745 1713 1757/1707 SepO9 1735 1704 1750/1698 Dec 09 1733 1700 1749/1693 COFFEE (US$/tonne) Close Pev High/Low May 09 1494 1502 1512/1480 Jul 09 1480 1482 1489/1470 SepO9 1487 1487 1495/1477 SUGAR (US tonne) White Close
      71 words
    • 2331 29 BONDS, WARRANTS EXTENDED SETTLEMENT rei lode Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ("000) Ratio Price ing Left '058 Advance Modules Grp W*****3 6 susp >036AdvanceSCTLtdW*****9 0.5 5092 Asia Environment W*****4 0.5 1481 Asia Water Tech W*****0 18.5 1 17 156 1.50 1 87 1844
      2,331 words

  • Page 30 Advertisements
    • 1796 30 m The Business Times Shipping Times Destination Destination STXPOTBN RTM/ANR/TIL STXPO TBN NOL/NFK/SAV/CDN Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A SERVICE Destination Destination SEA RAINBOW MCT/SHJ/ABU STXPOTBN INC/BSN BK BOSS DBI/ABU/BRN/DOH/DMM/KWI Loads Singapore, E./W. Malaysia, Indonesia Loads E. Malaysia, Indonesia OTHER SERVICES I Tramping for
      1,796 words
    • 1320 30 WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M V"%*l\ IAfALI UAI I Ilirr TEL *****588 (14 LINES) FAX:*****163 V\^M WAN HAI INtj PKL TEL: <03) *****88s FAX: <03) *****28S PEN TEL: (04) *****00 FAX: {04)*****99 \L fclllfc«# JOH TEL: (07) *****23 FAX:(07)*****21 SURIEL: (031) *****75 FAX: (031) *****14/ *****05 V^
      1,320 words

  • Page 31 Advertisements
    • 5045 31 BH BH BH :^V^ __P PCL/PHL SERVICE AMX SERVICE Connecting ECL Svc via MALTA I VESSEL VOY SIN PKG JEA BND SIN NSA KHI JED DAM MAR VLC GOA MAR MAR FXT HAM ANR LEH DECKER PCLO626S 25/04 26/04 02/05 03/05 SAKAS AMXII42W 23/04 30/04 02/05 07/05 TO/05 13/05 16/05
      5,045 words
    • 242 31 VESSEL VOY FTA EIE DESTINATION BERJAYAII 05/09 27/04 29/04 BELITUNG/PKL.BALAM PRIMA JAVA 8 03/09 24/04 26/04 JAMBI/PEKAN BARU SUN FLORA 09/09 25/04 27/04 PALEMBANG/PANJANG NEEDIAKI 04/09 28/04 30/04 BENGKULU/PADANG INARAN 06/09 27/04 29/04 BELAWAN/LHOKSEUMAWE LANGSAB 05/09 28/04 30/04 SABANG/MALAHAYATI VESSEL Mil DESTINATION SRIBAHARI 03/09 INPORT 25/04 JAKARTA/CIGADING SIANIRI 04/09 28/04
      242 words

  • BizIT
    • 917 32  -  AMIT ROY CHOUDHURY Networking business sees robust growth in the region By HP Pro Curve, which is the networking business of Hewlett-Packard, grew by 40 per cent in Asia-Pacific during the fourth quarter of 2008, according to a ProCurve official. Speaking to BizlT,
      917 words
    • 245 32 Bloomberg [NEW YORK] San Disk Corp, the biggest maker of flash-memory cards, topped analysts' estimates with its first-quarter results and sales forecast after demand for storage rebounded. First-quarter revenue was U*****.5 million, San Disk said on Tuesday in a statement. That compared with the U*****.3 million
      Bloomberg  -  245 words
    • 665 32 Business incubating scheme reduces risks for start-ups, reports ONG BOON KIAT TECH start-ups in Singapore ready to leave the comfort of these shores and foray in foreign lands can find help in a new scheme from Exploit Technologies. The commercialisation arm of the
      FILE PHOTO  -  665 words
    • 362 32  -  AMIT ROY CHOUDHURY By ACER, the third largest global PC maker, has unveiled a series of smart phones in the Singapore market. The company's Smart Handheld Business Group yesterday released the Smart Handhelds here, following a global launch in Barcelona earlier this year.
      362 words
  • Page 32 Advertisements
    • 99 32 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 SuPPort Implementation Services Business
      99 words

  • PROPERTY
    • 939 33 Reuters But strong recovery some way off despite increased interest as buyers still finding it hard to get mortgages [SOMERVILLE, Massachusetts] After one of the worst slumps in memory, the housing market in the Northeast United States is stirring to life with
      – Reuters; REUTERS  -  939 words
    • 646 33 -NYT [NEW YORK] Though it came as no surprise to investors, the collapse of General Growth Properties, the nation's second-largest mall owner, has stirred new fears about a coming debacle in commercial real estate. The company, which owns 200 shopping centres
      -NYT  -  646 words
    • 391 34 Bloomberg Falling demand, bank mortgage lending may prompt developers to merge [DUBAI] Dubai house prices may slump as much as 70 per cent from their peak late last year as demand drops and banks fail to resume mortgage lending, prompting
      Bloomberg; BLOOMBERG  -  391 words
    • 680 34 ■AP [NEW YORK] Real estate baroness Leona Helmsley's estate gave away US$l36 million on Tuesday to hospitals, foundations and the homeless and left US$l million to animal charities, prompting one advocate to accuse the estate of failing to honour the hotel
      ■AP  -  680 words
    • 425 34 -AP [CAIRO] The global investment company headed by Saudi billionaire Prince Alwaleed bin Talal said on Tuesday that its net profit fell 83.4 per cent in the first quarter of 2009. In a statement on the Saudi stock exchange, Kingdom Holding Co said that
      -AP; FILE PHOTO  -  425 words
    • 355 35  -  KALPANA RASHIWALA Study by DTZ finds STI and developers' stock to be reliable guides to turning points By THE Straits Times Index and cumulative unsold inventory held by developers have been found to be reliable indicators preceding major turning points for private apartment
      URA, SGX, DTZ Asia Forecasting, April 2009  -  355 words
    • 148 35 Reuters [ABU DHABI] Property developer Capitala, a joint venture of Abu Dhabi's Mubadala and Singapore's Capita Land, said on Tuesday it was holding off on new projects and would offer more lower-end housing. "We will defer any new launch until sentiment returns to the market," Peter
      Reuters  -  148 words
  • Page 33 Advertisements
    • 160 33 st george wharf, london swB manhattan, 1, 2& 3 bedroom apartments from £399,950* BARS, RESTAURANTS AND SHOPS NOW OPEN BRAND NEW 24 HOUR GYM OPENING SUMMER 2009 PROPOSED NEW AMERICAN EMBASSY OPENING 1 MINUTE WALK TO VAUXHALL UNDERGROUND; H M nyy I llßa 4 MINS TO VICTORIA >8 MINS TO
      160 words
    • 40 33 taWaf THE HEARTBEAT OF THE INDIAN COMMUNITY GOLD RUSH Will the economic crisis affect Akshaya Tritiya jewellery shopping on April 27? EXCLUSIVE FOR tahlat READERS S WIN 2 TICKETS TO WATCH THE MUMBAI INDIANS IN SOUTH AFRICA, COURTESY OF MASTERCARD
      40 words
    • 53 33 OPEN HOUSE@CENTRAL PRIME OFFICE SPACE FOR LEASE Attractive Package** Above Clarke Quay MRT Free ID Advice Iconic Building Rental Market Update Prestigious Business Address Refreshment provided Panoramic View Only During Open House Column Free 'l^jg^jj^^^^flfl "I'l' rn""lnal BUY NOW SPECIAL PRICE! I Beaufort On Nassim 3305sft $1850psf [The Coast Choice
      53 words

  • Page 34 Advertisements
    • 300 34 THE COMPANIES ACT, CAP. 50 KAR SENG TRADING PTE LTD (REG. NO: *****3433G) (In Members' Voluntary Liquidation) At a general meeting of the company convened and held on 22 April 2009, the following Special Resolution was passed:SPECIAL RESOLUTION That the company be wound up voluntarily pursuant to Section 290(1)(b) of
      300 words
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