The Business Times, 22 February 2010
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2010-02-22
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The Business Times
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Title Section23 2010-02-22 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Monday, February 22,201023 words
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Article, Illustration1007 2010-02-22 1 CHEN HUIFEN - Number of new firms jumps 34% in Q4 as economy picks up: study By CHEN HUIFEN [SINGAPORE] A sunny economic climate appears to have a positive impact on the level of entrepreneurial activity, according to research by BT and the Accounting and Corporate Regulatory AuthoritySource: ACRA - 1,007 words
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403 2010-02-22 1 UMA SHANKARI - Measures aimed at HDB market may be on the way: Mah By UMA SHANKARI [SINGAPORE] The government will take more measures to curb speculative activity in the property market if it has to, Minister for National Development Mah Bow Tan said yesterday. Measures targeted at403 words
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Article156 2010-02-22 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST Index 2,757.14 -1.76 KL COMP 1,257.67 +4.28 NIKKEI 225 10,123.58 +31.39 HANG SENG 19,894.02 -374.67 SET INDEX 700.44 +2.41 JAKARTA COMP 2,554.38 +20.24156 words
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Page 1 Advertisements
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Advertisement270 2010-02-22 1 YOUNG INVESTORS’ FORUM Turning fruits of research into viable products PAGE 14 VIEWS FROM THE TOP Wishlist for S’pore 2022 PAGES 12-13 COMMENTARY Expect a bold Budget PAGE 10 DINING OUT New restaurants: Boathouse, Ochre PAGE 23 Infinitely Rewarding. #UOB G VISA 45b5 123^ Z006 rictos ass W71I t! LEE270 words
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TOP STORIES
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Article570 2010-02-22 2 Sunny economy spurs budding enterprises A SUNNY economic climate appears to have a positive impact on the level of entrepreneurial activity, according to research by BT and the Accounting and Corporate Regulatory Authority. The study on the formation of companies between 2007 and 2009 found that as the570 words
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910 2010-02-22 2 ANDREW MARKS - But market likely to stay volatile, keep eye on Bernanke’s Congress testimony WALL STREET INSIGHT By ANDREW MARKS LAST Thursday’s surprise action by the Federal Reserve to tighten its discount rate couldn’t unhinge the rally in the US stock market last910 words
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376 2010-02-22 2 ONG BOON KIAT - Govt concerned over market’s exuberant mood By ONG BOON KIAT [SINGAPORE] Please take good care of your home and don’t sell it prematurely to make a quick buck. It is an important investment for the future. It can help376 words
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Article, Illustration670 2010-02-22 2 The wide-ranging bill aims to revamp financial regulation LAT-WP [WASHINGTON] The chairman of the Senate banking committee is aiming to release a new wide-ranging bill this week that would overhaul financial regulation, including a provision that could for the first timeLAT-WP; REUTERS - 670 words
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494 2010-02-22 3 MICHELLE QUAH - Most companies still reluctant to pursue new market opportunities By MICHELLE QUAH [SINGAPORE] Overall optimism in the global economy may have increased, but it continues to be tempered with uncertainty. A study has found that most businesses are still494 words
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Article, Illustration777 2010-02-22 3 Govt move aimed at responding better to consumer interests AP [TOKYO] Japan’s Transport Ministry may review and improve its car recall system, reports said yesterday, as Toyota Motor Corp battles accusations it may have delayed acting on drivers’ complaints. The step reflects deepening concernsAP; REUTERS - 777 words
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Page 2 Advertisements
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Advertisement388 2010-02-22 2 KPMG KPMG Seminar Series SINGAPORE Singapore Budget 2010 Date Minister for Finance, Mr Tharman Shanmugaratnam, will deliver his Friday, 5 March 2010 Budget Statement in Parliament today. Time 9.00am to 1.00pm Venue Orchard Hotel Singapore register early. Both as a business and an individual, how can the Budget 2010 recommendations388 words
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Page 3 Advertisements
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Advertisement141 2010-02-22 3 WELCOM1 THE YEAR OF THE TIGER 1' WITH US AT THE SINGAPORE POLO CLUB r. V ,v m tH* mm r WV I i w sr *J\ w-: VIBM A, :sr 1 1 r a v.; > P» < *Y CHINESE NEW YEAR LOHEI 20 27 February 2010 $38.00 (2141 words
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Advertisement14 2010-02-22 3 It's time for a chanae Calyon becomes... CD# CREDIT AGRICOLE CORPORATE INVESTMENT BANK www.ca-cib.com14 words
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COMPANY NEWS
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1043 2010-02-22 4 CHUANG PECK MING - Investors went on a buying spree; snapping up US$12.61b of US stocks last year By CHUANG PECK MING SINGAPORE overtook Japan as the biggest Asian investor on Wall Street in 2009. Investors here snapped up a net US$12.61 billion of US1,043 words
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672 2010-02-22 4 WINSTON CHAI - HOCK LOCK SIEW By WINSTON CHAI FROM questions over the price it paid for the BPL (Barclays Premier League) to criticism surrounding the recent World Cup debacle, SingTel is finding it increasingly difficult to pander to market pundits. In the latest development, SingTel’s672 words
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251 2010-02-22 4 AFP [NEW DELHI] Bharti Airtel is aiming to conclude its planned purchase of the African assets of Zain telecom by late April, it was reported on Saturday, as the Indian company’s chief defended the deal. Bharti Airtel, India’s top mobile phone company, andAFP - 251 words
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Article304 2010-02-22 7 ONG BOON KIAT - Reed Business Information, StreetDirectory and Promedia named By ONG BOON KIAT DIRECTORY publisher Global Yellow Pages Ltd (GYPL) has started legal proceedings against Reed Business Information, StreetDirectory and Promedia Directories. GYPL’s claims, filed with the High Court of Singapore, alleged that the three companies reproduced304 words
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Article411 2010-02-22 7 Feb 19 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of411 words
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Article242 2010-02-22 7 COMPANY MEETING PLACE DATE TIME Sitra Hldgs E 17 Kaki Bukit Place, Eunos Techpark, Singapore *****5 20-Feb 10.00am Meiban Grp E Amber Room, Level 3, Grand Mercure Roxy Hotel, 50 East Coast Road, Roxy Square Marine Parade, Singapore *****9 23-Feb 2.00pm Ying Li Intl E Suntec Singapore, International242 words
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Article, Illustration383 2010-02-22 7 Reuters [HONG KONG] Police have raided the home of Richard Li, the chairman of Hong Kong telephone firm PCCW, as part of a probe linked to the failed privatisation bid of the company last year, the South China Morning Post said. Officers fromReuters - 383 words
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Article909 2010-02-22 7 Payment Ex Books Pay (cts) date close date AIMS AMP Cap Ind Reit ag 0.187 12-Feb 18-Feb 26-Mar AIMS AMP Cap Ind Reit bb 0.950 25-Nov 30-Nov 23-Mar Ascendasreit ag 3.270 22-Jan 26-Jan 26-Feb Ascott R Trust ad 2.820 27-Jan 29-Jan 26-Feb Ascott R Trust ao 0.950 27-Jan909 words
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Page 4 Advertisements
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Advertisement141 2010-02-22 4 Tonnq 1 RROW'S China. II linn Kl?SSP« J career in China. LEADERS PROGRAMME now! Business China's Young Leaders Programme aims to grow a pool of young enthusiastic Singaporeans who are prepared for careers in dynamic China. This programme also enhances the China-readiness of Singapore-based companies. Programme Features: Pre-attachment induction course141 words
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Advertisement19 2010-02-22 4 60,OOO Hotels Worldwide Best Rates Instant confirmation www.luxury.com.sg Luxury Tours Travel Pte Ltd Ten 6733 2808 6235 191 119 words
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Advertisement112 2010-02-22 5 The World Is Now Free It's a big world out there; just today it seems a little less daunting. Nokia's Ovi Maps with navigation are now available for free, worldwide and forever on a wide range of Nokia smartphones. It's Voice Guided Navigation on your mobile. So get out there,112 words
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SINGAPORE MARKETS
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Article, Illustration710 2010-02-22 6 R SIVANITHY - Investors seem reluctant to bail out totally but are finding it increasingly difficult to find good reasons to buy. STOCKS R SIVANITHY Senior Correspondent IF YOU were to search for an appropriate phrase to describe Thursday’s surprise discount rate hike in the710 words
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436 2010-02-22 6 WONG ENG SOON - COMMODITY WATCH By WONG ENG SOON The writer is an investment analyst PLATINUM and palladium are two of the six platinum group metals (PGMs) that are silvery-white in colour and have unique chemical properties that account for their widespread use in the industrial sector,436 words
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497 2010-02-22 6 CURRENCIES [NEW YORK] The US dollar posted its sixth straight weekly gain against the euro, the longest streak since 2000, as investors speculated on when the Federal Reserve would withdraw monetary stimulus after it raised the discount rate last Thursday. The euro touched497 words
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Article114 2010-02-22 6 BY CENTS CLOSE UP GLD 10US$ ***** 300.2 2.0 DBXT Nifty 10US$ ***** 240.7 1.6 DBXT FTVietnam 10US$ 4484 150.1 2.4 Lyxor India Nifty 10 1550 98.0 6.7 Lyxor MS India 10US$ 1428 82.1 4.2 Asia Pac Brew 1300 52.0 4.2 OCC 5.1% NCPS 100 ***** 46.0 0.5 SIA114 words
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Article123 2010-02-22 6 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 5456-144.4 -1.8 DBXT FTChina25 10US$ 2748 -90.6 -2.3 Lyxor China H 10US$ 1450 -59.5 -2.8 STXPO 100 1380 -52.0 -3.6 DBXT MSEurope 10US$ 3945 -45.3 -0.8 Lyxor EmergingMkts 1 943 -17.0 -1.3 STI 2900 DBePW*****1 37 -16.5 -30.8 CityDev.ES.1002 1064 -16.0123 words
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Article1367 2010-02-22 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Properties 1.91 1.91 11 8.11 14.05 1.46 1.14 ARA Asset Mgt 2.00 2.00 2 8.05 12.92 1.07 1.04 Armstrong Industrial Corp 1.00 1.00 2 2.60 9.421,367 words
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Article87 2010-02-22 6 Feb 19 CHNG YR 2010 CLOSE FR Feb 18 S$ LOW S$ HIGH US$ 1.4151 -0.31 1.4219 1.3869 Euro 1.9098 0.07 2.0153 1.9098@ Pounds 2.1795 1.09 2.2776 2.1795@ A$ 1.2630 -0.08 1.2923 1.2276 Yen* 1.5412 0.68 1.5897 1.5027 Rupiah* 0.***** 0.17 0.***** 0.***** Baht* 4.2643 -0.3087 words
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Article64 2010-02-22 6 Feb 19 VALUE CLOSE BT OB/OS -395.00-332.00 BT CADI -*****.00-120.00 BT 10-day MA -*****.00 -39.00 FTSE ST Mid Cap 661.01 -3.30 FTSE ST Small Cap 519.37 -2.87 FTSE ST All Share 679.47 -3.08 FTSE ST China Top 268.01 -2.96 FTSE ST China 286.05 -4.64 FTSE ST Catalist64 words
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Article57 2010-02-22 6 VOLUME Genting SP 954,178,000 Golden Agri 243,322,000 Eastgate Tech 128,557,000 China Hongxing 65,893,000 SingTel 62,286,000 Asia Water 59,302,000 StraitsAsia 53,003,000 Sin Heng 50,792,000 Z-Obee Hldgs 49,891,000 IndoAgri 48,510,000 VALUE($) Genting SP 929,356,410 SingTel 187,152,040 DBS Grp 185,984,092 CapitaLand 154,633,680 Noble Grp 140,711,480 Golden Agri 134,432,745 SIA 130,361,84557 words
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Article, Illustration1061 2010-02-22 8 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd TRADING by directors was low during the week with the Chinese New Year holidays with only eight companies recording 13 purchases worth $2.7 million based on filings with the1,061 words
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Article, Illustration1502 2010-02-22 8 TEH HOOI LING - TEH HOOI LING Senior Correspondent MARKETS generally recovered somewhat from the jitters caused by the sovereign risks in a few peripheral European countries such as Greece, Portugal and Spain. But a new concern emerged last week after the US Federal Reserve unexpectedly raised1,502 words
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Page 6 Advertisements
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Advertisement7 2010-02-22 6 I Phillip Futures 4 Bringing OOlTIITlOClitIGS closertoyou7 words
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Page 7 Advertisements
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Advertisement135 2010-02-22 7 IG MARKETS get thinking FX/CFD trading igmarkets.com.sg If you're thinking, 'is it time to be bold on gold?' contact us. CFD trading provides a simple way to profit from fluctuating prices Take a position with IG Markets on commodities, forex, stock indices, shares and more World leaders in FX/CFD trading135 words
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Page 9 Advertisements
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Advertisement345 2010-02-22 9 Good fortune awaits those with Aim. Our view on milestone planning is different from others. We believe saving for a set time in the future works best if you enjoy good, consistent returns with lower risk. We think management fees should be lower. In fact, we offer one of the345 words
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SINGAPORE NEWS
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Article673 2010-02-22 10 MALMINDERJIT SINGH - It will likely be expansionary, aimed at restructuring the economy, and maybe at addressing social issues COMMENTARY By MALMINDERJIT SINGH IN THE run up to the Budget, to be unveiled by Finance Minister Tharman Shanmugaratnam this afternoon, the rumour mills have been working overtime on what673 words
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Article, Illustration277 2010-02-22 10 ARTHUR LEE - By ARTHUR LEE THE economy is turning around, and Choo Sai Wen, 63, drove home the point by standing upside down to use his feet to unfurl two scrolls bearing New Year and prosperity greetings. He and his partner-wife Loh Geen Choo enthralledARTHUR LEE - 277 words
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533 2010-02-22 10 SINGAPORE food players are showing a big appetite for opportunities in the Middle East, judging by the strong participation and keen queries in this year’s Gulfood Conference, said IE Singapore. It is the Middle East’s largest and most influential trade-only event for533 words
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Page 10 Advertisements
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Advertisement184 2010-02-22 10 J lJjfind the ones j THAT FIT! 'v. Recruit the right people _J through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg j to advertise. rO 1 u r^J 1 CATCH TONY BLAIR LIVE AT WITH You won't want to miss one of the world's most respected and admired184 words
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Advertisement94 2010-02-22 10 Watch PUBLIC INSIGHT tonight for real-time investment, real-life tips Not surprisingly, more and more listed companies on SGX are enjoying the benefits of television exposure on Public Insight programme. Seize the opportunity to leverage on our effective penetration to connect with institution and retail investors throughout Asia! CHINAnimal HEALTHCARE CHINA94 words
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Page 11 Advertisements
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Advertisement84 2010-02-22 11 Congratulations to SINGAPORE EXCHANGE on the Launch of SGX Fuel Oil 38ocst Futures We are proud to be associated with your endeavours. Best wishes from: bp mmum BRIGHTOIL CHEMOIL EQUATORIAL Equatorial Marine Fuel Management Services Pte Ltd GliBlBAL E ISI 7 E Ft O Y TRADING El HORIZON TERMINALS M84 words
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VIEWS FROM THE TOP
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Article, Illustration4279 2010-02-22 12 THIS WEEK’S TOPIC What is your vision for Singapore in 12 years' time, when the next Tiger Year rolls around? What needs to be done to achieve this dream? Stefanie Yuen Thio Joint Managing Director TSMP Law Corporation THE Singapore I hope to be living in,4,279 words
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Advertisement320 2010-02-22 13 For the complete list of views from CEOs, go to http://businesstimes.com.sg a leading licensed financial adviser in Singapore presents CC the future is brigh semina Venue: IPP Wealth Management Centre Address: 78 Shenton Way, Ground Floor (Next to M Hotel) Date: 25 February 2010 (Thursday) Time: 6:30pm to 9.30pm Topics320 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration911 2010-02-22 14 JASMINE KWAY - Universities will play an increasingly important role in driving innovation and creating new solutions, reports JASMINE KWAY JASMINE KWAY The writer is Dr Jasmine Kway, director of the Industry Liaison Office, which is the technology transfer office of the National University of Singapore911 words
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Article204 2010-02-22 14 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have204 words
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Article, Illustration861 2010-02-22 14 SHAUN LOH - Besides community work, living alone in a foreign land has also shaped my thinking, reports SHAUN LOH CAMPUS LIFE SHAUN LOH UNIVERSITY education is about more than just obtaining paper qualifications. Now in my final semester at school, I realise the past three-and-a-half years were861 words
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Page 14 Advertisements
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Advertisement45 2010-02-22 14 THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.45 words
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ECONOMY WATCH
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Article, Illustration677 2010-02-22 15 Analysts expect him to throw light on Fed’s rationale for upping discount rate FED RATE HIKE AFP [WASHINGTON] US Federal Reserve chief Ben Bernanke is expected to shed light this week on the central bank’s sudden decision to hike an emergency bank lendingAFP; REUTERS - 677 words
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Article, Illustration622 2010-02-22 15 Bloomberg [MADRID] The Federal Reserve’s decision to raise its discount rate shows that the global recovery is on track and other central banks can afford to keep withdrawing emergency measures, former policy makers and economists said. “It’s another minor step in a longBloomberg; BLOOMBERG - 622 words
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689 2010-02-22 15 Fiscal situation said to be ‘fairly poor’ for most states NYT [WASHINGTON] Although the US national economy has begun to bounce back, governors said on Saturday that the worst had yet to come at the state level, where revenues are still fallingNYT - 689 words
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709 2010-02-22 15 This underscores two-speed path of global recovery IHT [HONG KONG] The US Federal Reserve has just kickstarted its cautious exit from unprecedented emergency lending measures but the process has been going on for months in the Asia-Pacific region, underscoring the two-speed pathIHT - 709 words
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Advertisement61 2010-02-22 15 to B OARDROOM LIMITED NOTICE OF RELOCATION With effect from 22 February 2010, our office in Singapore has been relocated to: 50 Raffles Place #32-01 Singapore Land Tower Singapore *****3 Our telephone and fax numbers remain unchanged: Tel: 6536 5355 Fax: 6536 1360 Boardroom Limited Boardroom Business Solutions Pte. Ltd.61 words
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MALAYSIA/INDONESIA
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Article, Illustration704 2010-02-22 16 S JAYASANKARAN - Moderate Muslim-M’sians need to counter voice of extremism or risk tearing society apart MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent SOMETIME in the early 1980’s, someone from the opposition Parti Islam SeMalaysia suggested that Muslims found guilty of zina (illicit sex, or that704 words
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Article, Illustration424 2010-02-22 16 PAULINE NG - BII will issue 6.2b new shares at 225 rupiah apiece By PAULINE NG MAYBANK subsidiary Bank Internasional Indonesia (BII) has proposed a rights issue amounting to 1.4 trillion rupiah (S$212 million) to strengthen its balance sheet and to enable it to meet its investment andBLOOMBERG - 424 words
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512 2010-02-22 16 AFP [JAKARTA] Following Brazil’s trail, Indonesia is encouraging foreign and local investors to lease huge swathes of fertile countryside and help make the country a major food producer. “Feed Indonesia, then feed the world,” was the recent call from President Susilo Bambang Yudhoyono afterAFP - 512 words
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312 2010-02-22 16 AFP [KUALA LUMPUR] After years of breakdowns and stranded tourists, Malaysia’s island resort of Penang yesterday bid farewell to its rickety Victorian funicular railway. “It’s sad that we have to call it a day for the old funicular but the two kilometres ofAFP - 312 words
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Article2080 2010-02-22 16 VOL Feb 19 RM +/-(‘000) A M Realty 0.74 0 0 Abric Bhd 0.21 -0.01 19 Advance Synergy 0.15 0 376 Adventa Bhd 3.38 -0.09 1067 Ae Multi Hldgs 0.99 -0.03 6258 Affin Holdings 2.61 0 2542 Ahmad Zaki Resou 0.86 -0.03 30 Aic Corp 0.66 -0.01 7602,080 words
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Page 16 Advertisements
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Advertisement15 2010-02-22 16 Lianhe Zaobao Analysts recommend Buy for high-end property stocks For Subscription, call 6388 3838 www.sphsubscription.com.sg15 words
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Page 17 Advertisements
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Advertisement61 2010-02-22 17 U The best .One-dollar investment You'll ever make 99 M DINING OUT BWT JT) VIEWS ROM THE TOP SINGAPORE MINT Good thlnm for Seagate bullish JB- Top emca on what can be done Moiliwinto those who will onS"por»RAI) 10 Improve prospects for jewellery making natn MUX airline, FKBIMI MCCH ESSENTIAL61 words
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GREATER CHINA/INDIA
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713 2010-02-22 18 Japan’s Itochu and Inpex may also bid for Azeri oil project; ONGC, CNPC also invited to make offer Bloomberg [HONG KONG] CNOOC Ltd and China Petroleum Chemical Corp (Sinopec) are considering bidding for a Devon Energy Corp stake in an Azerbaijan oil field thatBloomberg - 713 words
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326 2010-02-22 18 GDP expands 10.7% in Q4, the fastest pace since 2007 Bloomberg [BEIJING] Foreign direct investment (FDI) in China climbed for a sixth month as the effects of the financial crisis faded. Investment rose 7.8 per cent in January fromBloomberg - 326 words
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226 2010-02-22 18 Reuters [SHANGHAI] China’s securities regulator has formally approved rules on contracts and services for planned stock index futures trading, clearing the way for setting up investor accounts, the Xinhua news agency reported on Saturday. The margin requirement will be set at 12 perReuters - 226 words
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Article, Illustration396 2010-02-22 18 However, it is unlikely to affect soya-bean trade Reuters [WASHINGTON] Chinese farm exports are set to become a greater source of trade tension as China boosts its production and becomes a bigger player in world markets for labourintensive crops, a USReuters; REUTERS - 396 words
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508 2010-02-22 18 Rice imports too may be necessary to calm prices, it says Reuters [NEW DELHI] India needs to urgently import 3-5 million tonnes of white sugar and may ship in rice to calm food prices, a top aide of the prime ministerReuters - 508 words
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408 2010-02-22 18 Bloomberg [MUMBAI] Indian equity and equity-linked offerings may jump by as much as a third this year as companies and the government tap a growing pool of domestic capital and the economy recovers, according to Citigroup Inc. Indian companiesBloomberg - 408 words
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Page 18 Advertisements
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Advertisement3 2010-02-22 18 HRSHI® EL>I,S www.radio9l3.com3 words
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Advertisement8 2010-02-22 18 www.omy.sg E ±as cling, omy.sg 60ftS± sex showbiz.omy.sg8 words
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ASIA-PACIFIC/WORLD
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726 2010-02-22 19 Lowering jobless rate to pre-slump level could take five years or more AP [WASHINGTON] Job creation in the US is stuck on an uphill treadmill. So many jobs have been lost that the US must run hard just toAP - 726 words
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275 2010-02-22 19 Bloomberg [WASHINGTON] Capital controls are a “legitimate” tool in some cases for governments facing surges in investment that threaten to destabilise their economies, an International Monetary Fund (IMF) study said. The IMF’s study comes as some Asian countries have said they areBloomberg - 275 words
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Article, Illustration343 2010-02-22 19 AFP AFP [SYDNEY] Australian drinks giant Foster’s yesterday warned that one-quar-ter of Australia’s grape vines needed to be pulled up to reverse a damaging wine glut that is forcing growers to let their fruit wither on the vine. Chief executive Ian JohnstonAFP - 343 words
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498 2010-02-22 19 Book extracts allege he shouted and swore at colleagues AFP [LONDON] British Prime Minister Gordon Brown said he has “never, never” hit anybody as his office dismissed media allegations of staff intimidation which have threatened his preelection fightback. Mr Brown admitted to a fewAFP - 498 words
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Advertisement1547 2010-02-22 19 MATS NOTICES BUY IT• SELL IT• FIND IT HEALTHWAY MEDICAL CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number *****8625C) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Healthway Medical Corporation Limited (the "Company") will be held at The Pines, 301,547 words
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WORLD
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852 2010-02-22 20 Bipartisan summit could make or break his reform agenda AFP [WASHINGTON] In a crucial week of high wire politics, Barack Obama is seeking to transform his top priority health care plan, now a liability for his presidency, into a trump card toAFP - 852 words
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Article, Illustration846 2010-02-22 20 And Turkish drama Honey is surprise winner at Berlinale WRITERS GUILD AWARD; BERLIN FILM FESTIVAL AFP Reuters [LOS ANGELES] Iraq war drama The Hurt Locker enhanced its status as front-runner for next month’s Oscars here on Saturday after scooping a top prize at the WritersAFP; Reuters; PHOTOS: REUTERS - 846 words
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738 2010-02-22 20 US pay contracts still failing to encourage accountability Reuters [WASHINGTON] To many Americans, it’s a matter of common sense: traders who failed so spectacularly at their jobs that they nearly brought down the global economy should be fired, not rewarded with handsome bonuses. YetReuters - 738 words
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349 2010-02-22 20 Reuters [DUBAI] Dubai’s Tamweel will request that its shares resume trading in the next month and is in discussions with the United Arab Emirates federal government over financial assistance in 2010, its chairman said yesterday. A merger with rival Islamic mortgage lenderReuters - 349 words
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Advertisement46 2010-02-22 20 setravellers.G^m O the ultimate travel resource SPH's all-new, one-stop, 24/7 travel resource website, "Live"from 12pm, Feb 25,2010 Stories pictures from annual Straits Times travel supplements (including all bumper NATAS issues), plus news on special campaigns, contests reader promotions in the local travel industry. w. KK /~S46 words
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FOCUS: EUROZONE CRISIS
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Article, Illustration1671 2010-02-22 21 The crisis risks EU’s expansion into eastern Europe and the prospects of the euro as an international reserve currency Harvard University’s Martin Feldstein was among economists who have cautioned since the currency debuted in 1999 that divergent economies couldn’t fit under a single roof.Bloomberg; BLOOMBERG; Source: Bloomberg, BNP Paribas - 1,671 words
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Article342 2010-02-22 21 It denies report eurozone governments may offer Athens up to 25b euros in loans Bloomberg [BERLIN] Germany’s Finance Ministry said it has no specific plans for helping Greece combat its deficit crisis, denying a magazine report that euro-area governments may offer as much asBloomberg - 342 words
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AVIATION/SHIPPING
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Article, Illustration730 2010-02-22 22 VEN SREENIVASAN - CEO says key factor behind going global is competition, reports VEN SREENIVASAN VEN SREENIVASAN [SINGAPORE] AS A global company, Airbus has to embrace talent and resources wherever they may be available, according to its chief executive Tom Enders. “This company was formed 40YEN MENG JIIN - 730 words
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224 2010-02-22 22 Bloomberg [SYDNEY] Qantas Airways Ltd has forecast an increase in business class fares as demand recovers after a global travel slump. “We are seeing the business market demand improve,” Alan Joyce, Qantas chief executive, told Sky News Business yesterday. “The economics will haveBloomberg - 224 words
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Article2933 2010-02-22 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ456 1245 --EY473 1940 Adelaide LH9771 1740 LH9770 2350 SQ268 1740 SQ269 2350 VS7268 1740 VS7269 2350 Amsterdam LO4031 0610 LO4032 2350 SQ323 0610 SQ324 2350 US5410 0610 US5411 2350 AZ3992 1615 KL835 1615 Athens SQ348 0105 Auckland LH97612,933 words
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509 2010-02-22 22 AP [SAN FRANCISCO] America’s Cup champion Larry Ellison said that San Francisco was his first choice for the next regatta but quickly added that it was not guaranteed to host an event that will provide a significant boost to the host city’sAP - 509 words
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Article281 2010-02-22 22 SGX '000 Feb 19 S$ +/-Vol CH Offshore 0.65 unch 731 Chuan Hup Hldgs 0.31 unch 75 Cosco Corp 1.27 unch 4602 CWT Ltd 0.89 -0.02 2881 Ezra Hldgs 2.25 -0.04 2953 First Ship Lease 0.59 -0.01 346 Freight Links 0.05 unch 890 Grand Banks unch unch 0281 words
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Page 22 Advertisements
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Advertisement126 2010-02-22 22 ASIA WEST AFRICA TRADE AGREEMENT (AWATA) NOTICE OF 2010 1ST HALF RATE RESTORATION In order to ensure that the Members Lines are able to continue to provide the service necessary to meet the needs of their customers, the Members Lines of the Asia West Africa Trade Agreement have decided to126 words
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Page 22 Miscellaneous
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Miscellaneous310 2010-02-22 22 CRYPTIC CROSSWORD Across 1 American power gripped by feeling apprehension (8) 5 Bush, party leader preceding boss (6) 9 Lively maiden at ground (8) 10 Empty pub about noon (6) 12 Real thin with a cute bust! (9) 13 Right weakens and complains (5) 14 Supplier of pork pies? (4)310 words
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DINING OUT
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Article, Illustration716 2010-02-22 23 Geoffrey Eu - NEW RESTAURANT Boathouse 3 Fullerton Road, #03-01 Waterboat House Tel: 6538-9038. www.boathouse.com.sg By Geoffrey Eu LET'S be perfectly clear about one thing: the main attraction at Boathouse a new modern European restaurant on the upper floor of The Waterboat House and perched at the water's edge716 words
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Article, Illustration567 2010-02-22 23 Audrey Phoon - NEW RESTAURANT Ochre #11-03 Orchard Central, 181 Orchard Road Tel: 6634 0423 By Audrey Phoon NAMING a restaurant after a pigment colour may seem an odd decision, but then the management of Ochre is plainly out to make a mark with its new Italian restaurant.YEN MENG JIIN - 567 words
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Page 23 Advertisements
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Advertisement321 2010-02-22 23 II WINE DINE AND HOSPITALITY SPARKLE UP YOUR SUNDAYS.. at Triple Three! Enjoy a languorous Sunday Brunch with free flow of premium sparkling wine from Australia's renowned Domaine Chandon winery and dishes made from the finest, freshest ingredients, which Triple Three has become known for since its opening in November321 words
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SINGAPORE STOCKS
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Article9126 2010-02-22 24 Week ended: Feb 19 52-wks Tel Last Vol Week Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 3 3148 8Telecom 16.5 -0.5 1476 17.5 16.5 16.5 17 1.7 11 5.3 79 10 2.5 5834 A-Sonic9,126 words
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Article1758 2010-02-22 25 52-wks Tel Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 s AA Grp 5.5 +0.5 3 5.5 5.5 4.5 5.5 5.3 25 12 8538 t APStrategic 15 +0.5 21,758 words
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Article115 2010-02-22 25 Stock name Close Change Stock name Close Change Stock name Close Change CapitaLand 3.900 -0.020 CapitaMall 1.800 +0.020 CityDev 10.820 -0.160 ComfortDelGro 1.550 Cosco Corp 1.270 DBS Grp 14.100 -0.020 F&N 3.990 -0.100 Genting SP 0.940 -0.010 Golden Agri 0.545 -0.005 HK Land 4.650 -0.130 JMH115 words
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Article2614 2010-02-22 25 Transaction date: Feb 19 For a full listing of the closing prices, log on to BT online at http://business-times.asia1.com.sg after 11.30pm every trading day HONG KONG Vol HK$ +/-'000 Aeon Stores 13.12 0 0 Angang Steel 13.76 -0.32 9486 Anhui Conch 45.35 -1.6 3318 Anhuiexpressway 5.21 0.01 7042,614 words
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Article186 2010-02-22 25 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 8 3 0 0 0 7 8 3 Manufacturing 58 87 69 6 9 16 64 96 85 Commerce 24 29 21 8 5 4 32 34 25 Tpt/Stor/Comms 16 14 13186 words
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Article500 2010-02-22 25 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 111 107 6389 ABF SG Bond ETF 110.4 108.5 112 504 846 427 CIMBAsean40 100US$ US798 -6 377 822 792 795 800 31.9 298500 words
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Article256 2010-02-22 25 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 20 6000 AVJennings A45 48 49 3.6 7.8 3.6 117.2 31 6 6017 Genting HK US$ US18.5 -2 7849 21 18 18 18.5256 words
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Article119 2010-02-22 25 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 52,715 52,715 155,276 155,276 Manufacturing 833,907 33,516 867,423 503,783 1,270 505,053 Commerce 297,572 37,338 334,910 330,804 7,820 338,624 Tpt/Stor/Comms 274,202 2,958 277,160 551,025 581 551,606 Finance 67,626 67,626 428,307 428,307 Construction 83,027 33,755 116,782 26,454119 words
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Page 25 Advertisements
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Advertisement26 2010-02-22 25 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES26 words
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FINANCE & COMMODITIES
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365 2010-02-22 26 In local curr In S$ In US$ dy yr dy yr dy yr Feb 19 Index Change Change Change Change Change Change World Index Preliminary 820.8 0.1 -1.4 0.1 -2.2 -0.3 -2.9 EAFE Preliminary 764.1 0.0 -2.6 -0.6 -5.1 -1.0 -5.7 Europe Preliminary 1098.9 0.7365 words
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Article180 2010-02-22 26 Feb 19 $S Offer Bid Overnight 1/8 1/16 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 1/8 US$ Offer Bid 7 days 0.23 0.19 1 month 0.31 0.26 2 months 0.37 0.27 3 months 0.40 0.30 6 months 0.55 0.45 9 months 1.00 0.70 12180 words
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Article22 2010-02-22 26 Feb 19 S$ Bid Offer 1-month 1.4160 1.4164 2-months 1.4161 1.4166 3-months 1.4163 1.4168 6-months 1.4168 1.4173 Source: OCBC22 words
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Article193 2010-02-22 26 Feb 19 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 10 319.4 319.4 319.4 12 576 Apr 10 320.0 320.0 320.0 20 451 May 10 319.0 319.0 319.0 40 646 Jun 10 318.0 318.0 319.0 20 790 Jul193 words
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Article88 2010-02-22 26 Feb 19 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 20.05.2010 0.38 1-Year BY*****N 01.11.2010 0.39 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.30 104.41 104.35 5-Year N*****0N 1.375 01.10.2014 100.13 100.21 100.1788 words
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Article105 2010-02-22 26 Feb 19 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 10 945.00 948.00 948.50 931.75 May 10 954.50 957.50 958.00 941.00 Jul 10 962.00 965.25 965.50 949.00 Aug 10 958.50 961.50 961.00 951.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 10 38.52 38.70 38.74105 words
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Article77 2010-02-22 26 CRUDE OIL PRODUCTS Feb 18 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 77.37 1.78 WTI (Near Mth) 79.03 1.53 Dubai (1-Mth F) 74.70 -0.50 Tapis blend 78.15 -0.25 Minas 77.45 -0.25 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 73.66 -0.56 Jet Kerosene 82.60 -1.10 US$/barrel Opec Oil77 words
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2533 2010-02-22 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3 1 15 20 5.00 51 2036 Advance SCT Ltd W*****9 0.5 1 87 2088 8.00 6 8756 Asiatic Grp (H) Ltd W*****2 13.5 5 962,533 words
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Article132 2010-02-22 26 Feb 19 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2510 1.2890 Can dollar 1.3400 1.3570 Euro 1.8940 1.9170 NZ dollar 0.9770 0.9990 Sterling pound 2.1700 2.1960 US dollar 1.4040 1.4210 Local dollars to 100 units of foreign132 words
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Article27 2010-02-22 26 Feb 19 Open High Sett STI Feb 2750 2750 2757 SIMSCI Feb 329.7 331.4 329.6 Taiwan Feb closed Source: MF Global (S) Pte. Ltd27 words
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Article66 2010-02-22 26 Feb 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 10 2595 2610 2610 2585 366 3792 Apr 10 2587 2599 2610 2580 2009 ***** May 10 2595 2596 2609 2577 6480 ***** Jun 10 2588 259066 words
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Article343 2010-02-22 26 Feb 19 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar10 99.7075 0 8871 Jun10 99.5650 0 7797 Sep10 99.3250 0 2835 Dec10 98.9750 0 2522 EUROYEN TIBOR FUTURES Mar10 99.5600 99.5600 99.5600 99.5600 203 4728 Jun10 99.6150 0 1625 Sep10 99.6200 0 2021 Dec10 99.6050 0343 words
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Article465 2010-02-22 26 Feb 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.934 6.080 0.660 6.914 41.357 83.216 0.819 10.340 3.042 1.281 75.538 41.183 1.261 6.833 0.969 28.559 29.547 0.578 0.890 Canada 1.071 6.510465 words
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Article85 2010-02-22 26 Feb 19 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-02-22 26 Feb 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2602 1.2610 0.8901 0.8904 Canadian dollar 1.3493 1.3503 0.9530 0.9535 Euro 1.9084 1.9096 1.3479 1.3484 NZ dollar 0.9834 0.9848 0.6946 0.6954 Sterling pound 2.1819 2.1828 1.5411 1.5413154 words
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Article142 2010-02-22 26 Feb 19 GOLD (US$/oz) Feb 19 Feb 18 Hong Kong 1110.00 1103.00 Feb 18 Feb 19 London 1120.50 1118.80 1120.85 1119.60 Source: Thomson Reuters Source: Thomson Reuters CAST BAR Feb 19 (S$) Selling Buying Kilobar "53,872.36" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 120.91 50 5gm 342.4142 words
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Article71 2010-02-22 26 Feb 19 Feb 19 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2105.40 2080.50 3 months 2139.00 2114.00 Copper, Grade A (US$/tonne) Cash 7405.75 7238.25 3 months 7431.50 7265.00 Lead (US$/tonne) Cash 2336.75 2296.25 3 months 2359.00 2319.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article81 2010-02-22 26 Feb 19 Feb 19 COCOA (£/tonne) Close Prev High/Low Mar 10 2263 2250 2265/2248 May 10 2281 2263 2283/2263 Jul 10 2265 2243 2265/2245 Sep 10 2239 2217 2238/2223 COFFEE (US$/tonne) Close Pev High/Low Mar 10 1269 1272 1274/1266 May 10 1303 1306 1308/1300 Jul 10 1338 1341 1342/133581 words
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6394 2010-02-22 27 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN RTM/ANR/TIL *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination SAN SIMEON NEW ORLEANS/CAMDEN *Loads E./W.6,394 words
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Page 27 Advertisements
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Advertisement24 2010-02-22 27 local: TO ADVERTISE, CALI IOE WONG AT 9620 13 Can "they find your services here in the Shipping Times? THE BUSINESS TIMES SHIPPING TIIVIES24 words
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Page 28 Advertisements
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Advertisement30 2010-02-22 28 Experienced shfp maintenance services wanted. inThe Shipping Times? Legal services required by shippers owners TO ADVERTISE, CALL JOE WONG AT Can they find your services here in the Shipping Times?30 words
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BizIT
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Article, Illustration555 2010-02-22 29 ONG BOON KIAT - Hosting firm bullish on new acquisition, cloud offerings and emerging markets By ONG BOON KIAT FRESH from sealing a key acquisition and bolstered by the improving economy, home-grown Webvisions is gunning for sustained growth of 10 per cent yearly for the next three years, according555 words
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187 2010-02-22 29 [WASHINGTON] Apple has begun removing risque iPhone and iPod Touch applications from its online App Store, including some which had previously been approved for sale, according to reports on Saturday. Technology blog TechCrunch and The Wall Street Journal said the new policy towards adult187 words
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Article, Illustration565 2010-02-22 29 Reuters [HONG KONG] Dell Inc, the world’s No 3 PC seller, expects to log solid double-dig-it growth in China this year, following a near doubling of sales in its latest quarter fuelled by government stimulus measures. Dell saw itsReuters; BLOOMBERG - 565 words
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<what’s up>
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Article83 2010-02-22 29 THE Mobile Marketing Association (MMA) will hold its second MMA Forum in Singapore from April 13-15 at the Grand Copthorne Waterfront. The event will bring together 250 participants from all over the world, including the US, Africa and Asia, to discuss mobile marketing developments in the83 words
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Article66 2010-02-22 29 SPICE Global Holdings and its local subsidiary MediaRing have formed a joint venture with Malaysian-based handset maker CSL Group. Called SPICE CSL, the company will have an initial valuation of $100 million. Spice will own a 65 per cent stake. Spice chairman BK Modi66 words
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Article80 2010-02-22 29 SINGAPORE Telecom has received a “market leadership award” from telco research firm Frost and Sullivan. The operator was chosen for having the largest market share in the local data centre market, as well as the highest revenue growth and the biggest solutions portfolio. SingTel launched a80 words
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Article108 2010-02-22 29 RESEARCH In Motion (RIM) has taken the wraps off a new server software tool that will allow companies to sync their emails and calendars with its Blackberry smart phones for free. The new Blackberry Enterprise Server Express only supports Microsoft Exchange and Microsoft Windows Small Business108 words
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85 2010-02-22 29 WINSTON CHAI - Compiled by WINSTON CHAI MOBILEONE has reached the first milestone in its ongoing LTE (Long Term Evolution) trials. LTE is widely viewed as the successor to the current 3G cellular platform by allowing users to download and upload data from their phones at85 words
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527 2010-02-22 29 The firm has pledged to work closely with handset makers Reuters [SEATTLE] The new Windows phone software is a big improvement on its predecessor but may not be enough to reverse market share losses, and Microsoft Corp may have to eventuallyReuters - 527 words
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628 2010-02-22 29 DERREN GREEN - To succeed, initiatives must work towards transforming the enterprise as a whole <you say> By DERREN GREEN THE basic idea behind sustainability is as simple as it is compelling: resources may only be used at a rate at which they can be replenished naturally. This628 words
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533 2010-02-22 30 WINSTON CHAI - The Taiwanese computer maker shipped 307,900 PCs to Singapore last year, a 30 per cent increase from 2008, reports WINSTON CHAI WINSTON CHAI THINKING small and moving fast were the two attributes which helped Acer climb to the top of Singapore’s PC533 words
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315 2010-02-22 30 AP [SHANGHAI] Two prominent schools in China have disputed allegations that hacking attacks on Google and other firms originated from them, a report said. The New York Times reported that security investigators traced the hacking to computers at Shanghai Jiaotong University and Lanxiang VocationalAP - 315 words
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Page 30 Advertisements
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Advertisement129 2010-02-22 30 HITACHI. THE ROOTS FOR A GREENER WORLD. m id R r i1 mm 11. i r 11 1 > *****1 11 1111 n 1 111 yT HITACHI COMPACT MBR RO SYSTEM Recycles wastewater Multiple uses for treated water Effectively cleans up industrial discharge ENERGY I fl il f1 II il129 words
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Advertisement9 2010-02-22 30 <you say> Sustainability efforts cannot stand alone PAGE 299 words
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