The Business Times, 24 February 2010

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Microfilm: NL30589
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Wednesday, February 24,2010
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  • Article
    Lock icon DC rates may rise and affect en bloc sales
    789 1  -  Consultants expect rates for residential use to climb 5-10% By KALPANA RASHIWALA [SINGAPORE] Development charges, which are paid to enhance or intensify the use of some sites, are headed north for residential use at the upcoming DC rate revision effective March
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  • Article
    Lock icon Construction jittery as levy hike is spelt
    1042 1  -  Contractors count costs; other sectors say they can cope with new foreign worker levies By UMA SHANKARI reporting by With additional Vincent Wee [SINGAPORE] AS the Ministry of Manpower (MOM) released more details on the planned increases in foreign worker levies, the construction
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  • Article
    Lock icon MARKETS DIGEST
    141 1 ST INDEX 2,782.55 (+25.09) ST INDEX FUTURES 2,783 (+26) SIMSCI 333.63 (+4.02) SIMSCI FUTURES 333.60 (+4.00) FOREX US$ S$ US$ (S$ per US$) 1.404 (US$/S$ per 1.556 2.185 EURO (US$/S$/E) 1.368 1.921 Foreign currency per US$ S$ YEN 91.00 64.80 RM 3.390 2.413 HK$ 7.761 5.526 BAHT 33.08
    141 words
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      105 1 CIMB RESULTS Earnings jump 44% to RM2.8b EXECUTIVE MONEY Beware the fixes for low productivity PAGE 32 OPINION US, Europe dig themselves in fiscal hole YOUTH OLYMPIC GAMES Michael Phelps as first official ambassador PAGE 12 PAGE 20 PAGE 10 Deutsche Bank Global strength and expertise. At the centre of
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      5 1 More Budget reports, Page 4
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      556 2 Construction jittery as levy hike is spelt out AS the Ministry of Manpower released more details on the planned increases in foreign worker levies, the construction industry said that it would be hit hard. Some contractors may try to pass on the costs. The construction sector which has
      556 words
    • Article
      Lock icon Productivity rises on the cusp of a smile
      934 2  -  Important to remember that happier workers are also more efficient COMMENTARY By WONG WEI KONG Tarc$HE key thrust of Budget 2010 is aimed squarely at raising productivity, with the government committing some $5.5 billion over the next five years to achieve the
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    • Article, Illustration
      Lock icon BT journos bag two awards
      544 2  -  One is for excellence and the other for headline of the year By CONRAD TAN [SINGAPORE] BT journalists won two awards at the yearly Singapore Press Holdings’ English and Malay Newspaper Division (EMND) awards yesterday. BT’s Executive Lifestyle team won a special award for excellence
      NG SOR LUAN/THE STRAITS TIMES  -  544 words
    • Article, Illustration
      Lock icon Building muscle for the days to come
      737 4  -  Budget a generous one in terms of attaining long-term growth: economists By MICHELLE QUAH [SINGAPORE] Economists and accountants are unanimous in their verdict that this year’s Budget has been a generous one in terms of helping Singapore attain long-term growth, through a concentrated
      AP  -  737 words
    • Article, Illustration
      Lock icon Short on hongbaos, long on the supply side
      531 4  -  By TEH SHI NING [SINGAPORE] Panellists at a forum yesterday had differing views on the contents of this year’s Budget but agreed on two points. First, that Budget 2010’s largely supply-side measures will aid positive structural change and set Singapore on a
      531 words
    • Article
      Lock icon Ten Mile Junction site draws robust bids
      453 4  -  By EMILYN YAP [SINGAPORE] The first government land sale tender to close after measures were announced last Friday to cool the property market managed to draw some solid bids. A 99-year leasehold residential site at the junction of Choa Chu Kang and Woodlands
      453 words
    • Article
      Lock icon Reits hail extension of tax concessions
      555 4  -  GST, stamp duty, income tax breaks will apply till 2015 By EMILYN YAP [SINGAPORE] Real estate investment trusts (Reits) had much to cheer about after Budget measures for the industry were announced on Monday. This was despite the introduction of an end date for
      555 words
    • Article
      Lock icon Thanks for the tax incentive, we want a matchmaker too
      661 4  -  By CHEN HUIFEN [SINGAPORE] The issue of finding a good match in a courtship takes precedence over tax incentives when it comes to mergers and acquisitions among SMEs. “For M&As to happen, especially among small companies, a lot has to
      661 words
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      453 2 KPMG KPMG Seminar Series SINGAPORE Dates 25 26 March 2010 Time 9.00am to 5.00pm Venue Orchard Hotel Singapore Seminar Fees Client SS918 per participant KPMG Alumni S$918 per participant Non-client S$1048 per participant Group discounts are available for multiple sign-ups from the same organisation: Enjoy 5% discount for two or
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      95 3 Get ready to see us in a new light. When we began in 1997, we changed mobile communications in Singapore by offering the one thing everyone needed choice. Today, that legacy continues. For we have evolved to touch your life in more ways than ever before. You are the reason
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      187 5 THE PURSUIT OF PERFECTION LS 460 Sport 74* ,AlI K m 7a YOU'LL BE TEMPTED TO GIVE p sim For those who are accustomed to taking the helm, the new Lexus LS 460 Sport inspires them to take the wheel. Featuring all the world's first technology of a standard LS
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  • COMPANY NEWS
    • Article
      Lock icon UOL full-year profit surges to $424.2m
      664 6  -  At least five home projects this year could bring gross sales proceeds of about $800m By KALPANA RASHIWALA UOL Group, whose net profit nearly trebled to $424.2 million, said that the completion of at least five Singapore residential projects this year could translate to
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    • Article
      Lock icon Wheelock posts $169.4m profit for Q4
      394 6  -  $129.4m boost from fair-value gain on investment property By CHEW XIANG WHEELOCK Properties yesterday reported a fourthquarter net profit of $169.4 million, boosted by a $129.4 million fair-value gain on its investment properties. That reversed a $63.8 million loss in the same quarter of
      394 words
    • Article
      Lock icon Golden Ocean gets approval for dual listing
      291 6  -  By JAMIE LEE OSLO-listed Golden Ocean Group has received regulatory approval for a dual-list-ing in Singapore, the Singapore Exchange said yesterday. This would make it the first Oslo listing applying for a dual listing in the Republic, and follows the move by Singapore-listed
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    • Article
      Lock icon More clarity needed for SGX policy on firms at risk of delisting
      885 7  -  HOCK LOCK SIEW By LYNETTE KHOO WHY is it that shareholders’ hopes of recovering their investments in China Printing Dyeing and FerroChin a should be dashed when a restructuring deal looks so close to being sealed? It seems
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    • Article
      Lock icon Operations of key Sino-Env unit have ceased, says board
      454 7  -  By LYNETTE KHOO SINO-Environment said that all business operations at its main subsidiary in Fuzhou have ceased, leaving its plant and equipment sitting idle. The group may not be able to record any revenue until its operations are resumed, its board
      454 words
    • Article
      Lock icon Noble Group’s Q4 profit falls to US$85m
      234 7  -  By CHEW XIANG COMMODITIES supply chain manager Noble Group yesterday said net profit for the fourth quarter fell to US$84.9 million from US$138.9 million in Q4 2008. This was due to a one-off charge in Q4 2009 of US$27.7 million for the repurchase
      234 words
    • Article
      Lock icon Parkway sets sights on China, India, M-E markets
      461 9  -  New CEO to take over on April 16; group makes Q4 profit of $24.8m By NISHA RAMCHANDANI PARKWAY Holdings is growing its presence overseas, having set its sights on markets such as China, India and the Middle East. The group also announced
      461 words
    • Article
      Lock icon At a glance
      336 9 Full-year and Q4 results ended Dec 2009 Full year ended Dec 2009 Q4 ended Dec 2009 NET PROFIT (S$M) TURNOVER (S$M) COMPANY CURRENT PREVIOUS CHG CURRENT PREVIOUS CHG 1 Noble Grp 780.64 810.50 -3.7 43,781.09 50,670.59 -13.6 119.15 195.04 -38.9 13,432.15 9,535.44 40.9 2 Yangzijiang 471.73 325.43
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    • COMPANY BRIEFS
      • Article
        Lock icon Temasek takes stake in Keppel venture
        71 9 KEPPEL Corp has said that Singbridge International Singapore, a unit of Temasek Holdings, has acquired a 10 per cent stake in Singapore Tianjin Eco-City Investment Holdings Pte Ltd (STEC). The stake was bought from Substantial Enterprises Ltd (SEL), a Keppel subsidiary. SEL also sold
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      • Article
        Lock icon SPH fixes size of note issue at $600m
        63 9 SINGAPORE Press Holdings has said the size of the first issue under its $1 billion note issuance programme has been fixed at $600 million after the exercise of an upsize option. The notes will bear interest of 2.81 per cent per annum
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    • Article
      Lock icon Yangzijiang’s Q4 profit up 63% at 645.1 m yuan
      476 9  -  Q4 turnover rises 84% to 3.44b yuan on more deliveries By VINCENT WEE YANGZIJIANG Shipbuilding continues to hold its own amid the tough conditions in the shipbuilding industry, posting a 63 per cent year-on-year rise in fourth-quarter net profit to 645.1
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      1197 6 ifflfti noble 'JJgjJ group (Incorporated in Bermuda with limited liability) Dear Shareholders The Board of Directors of Noble Group Limited is pleased to present below the audited consolidated financial results for the year ended 31 December 2009 together with corresponding results for the year 2008. Tonnage for the year increased
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      183 7 want to be at football's greatest event? Wc< ir,, Ff i v 'N, l\ 3T v v 'A rV. A' r~ *> .1 ■V s iffc 'fiiflj, s 1 S- l< flLfc* -A,-?*! i'tfVv «Alfl f v: If':. use your Visa card for a chance to be there. stand to
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Revaluation of yuan hangs in the balance
      846 8  -  Move is expected amid official efforts to fend off asset bubbles, say analysts CURRENCIES OH BOON PING Reporter WILL China do it or won’t it? Talk of a one-off revaluation of the yuan has captured headlines, with some analysts saying that the move
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 14 3 0 0 0 0 14 3 0 Manufacturing 76 26 66 4 6 14 80 32 80 Commerce 22 16 24 4 2 4 26 18 28 Tpt/Stor/Comms 19 8 13
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    • BROKER’S TAKE
      • Article
        Lock icon Sembcorp Marine
        220 8  -  Feb 23 close: $3.67 CITI, Feb 22 Compiled by LYNETTE KHOO PATMI of $297 million (+106 per cent q-o-q; +328 per cent y-o-y) was more than double Citi’s ($120 million) and Street’s ($126 million) forecasts. Order book stood at $5.5 billion with completion and delivery up to early
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 21,735 21,735 80,326 80,326 Manufacturing 348,195 11,698 359,893 309,582 988 310,570 Commerce 79,894 9,868 89,762 125,646 2,590 128,236 Tpt/Stor/Comms 90,186 1,791 91,977 148,444 185 148,629 Finance 18,017 18,017 130,508 130,508 Construction 20,862 2,869 23,731 6,196
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    • Article, Illustration
      Lock icon STI rises in anticipation of US rebound
      565 8  -  STOCKS R SIVANITHY Senior Correspondent A VOLATILE session in Hong Kong yesterday made for an equally topsy-turvy day in the local market. The Straits Times Index first dropped sharply before bouncing up to 2,782.55 for a net gain of 25.09 points in line
      565 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change Stock name Close Change CapitaLand 3.820 +0.060 CapitaMall 1.790 +0.010 CityDev 10.380 +0.080 ComfortDelGro 1.580 +0.030 Cosco Corp 1.260 -0.020 DBS Grp 14.200 +0.160 F&N 4.130 +0.040 Genting SP 0.955 -0.015 Golden Agri 0.550 HK Land 4.650 JMH 29.280 -0.520 JSH 16.660
      112 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      87 8 Feb 23 CHNG YR 2010 CLOSE FR Feb 22 S$ LOW S$ HIGH US$ 1.4075 0.12 1.4219 1.3869 Euro 1.9182 0.01 2.0153 1.9098 Pounds 2.1726 0.40 2.2776 2.1726@ A$ 1.2724 -0.39 1.2923 1.2276 Yen* 1.5472 -0.50 1.5897 1.5027 Rupiah* 0.***** 0.07 0.***** 0.***** Baht* 4.2548 0.06
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Feb 23 VALUE CLOSE BT OB/OS 300.00 +478.0 BT CADI -*****.00 +110.0 BT 10-day MA -*****.00 +30.00 FTSE ST Mid Cap 671.74 +8.39 FTSE ST Small Cap 523.98 +3.53 FTSE ST All Share 686.47 +6.49 FTSE ST China Top 270.91 +1.84 FTSE ST China 286.65 +0.56 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      58 8 VOLUME Genting SP 107,656,000 Golden Agri 47,009,000 Yangzijiang 35,763,000 SembMar 32,937,000 Eastgate Tech 31,350,000 Memstar 26,760,000 Ying Li 22,862,000 Asia Water W*****8 21,615,000 Noble Grp 19,876,000 MAP Tech 18,956,000 VALUE($) SembMar 119,195,930 Genting SP 102,548,800 Noble Grp 61,249,904 DBS Grp 59,418,940 CapitaLand 56,995,526 Yangzijiang 39,498,990 SembCorp Ind
      58 words
    • Article
      Lock icon RISES
      102 8 BY CENTS CLOSE UP Jardine C&C 2478 78.0 3.3 Asia Pac Brew 1350 50.0 3.8 OCC 3.93% NCPS10 8650 50.0 0.6 Lyxor EasternEurope1 504 35.1 5.2 SembMar 367 26.0 7.6 Spore Land 652 21.0 3.3 DBS Grp 1420 16.0 1.1 STXPO 100 1418 16.0 1.1 UOB 1878 16.0 0.9
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    • Article
      Lock icon FALLS
      126 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-296.2 -2.0 DBXT FTVietnam 10US$ 4326-221.8 -3.5 JMH 2928 -73.0 -1.7 GLD 10US$ ***** -67.4 -0.4 JSH 1666 -56.2 -2.3 Lyxor India Nifty 10 1473 -27.0 -1.8 DBXT S&P Short 10US$ 5375 -22.5 -0.3 DBS Bk 6% NCPS 10 ***** -16.0 -0.2
      126 words
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      195 8 Gong Xi CFDs FX O s$l88 8 mini round- US$Q Q turn trades cash bonus 8 stock CFD transactions cash bonus Complete 8 stock CFD transactions by 30 April and receive a S$188 cash bonus.* Complete 8 mini round-turn FX trades by 30 April and receive a US$88 cash bonus.*
      195 words
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      242 9 facebook o facebook.com kia. insider Style or Substance Love OR Lust f%^pH Beauty OR Brain MPV OR SUV -A Life makes you choose. The all new-Kia Sorento doesn't. In a world that's full of difficult choices, the Kia Sorento offers a taste of freedom. Because no matter what your choices
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  • SINGAPORE NEWS
    • Article
      Lock icon Corporate travel budgets likely to increase in Asia
      363 10  -  But companies may still be reluctant to lift cost-saving policies By NISHA RAMCHANDANI CORPORATE travel in Asia is likely to rebound with a growth of 10-15 per cent this year in markets such as Singapore and Hong Kong, although companies may be
      363 words
    • Article, Illustration
      Lock icon Michael Phelps is YOG’s official ambassador
      469 10  -  By LEE U-WEN THE inaugural Youth Olympic Games (YOG) to be held in Singapore over two weeks this August got a boost yesterday when American swimming sensation Michael Phelps was unveiled as its first official ambassador. The 16-time Olympic medallist, who famously ruled the
      REUTERS  -  469 words
    • Article
      Lock icon Consumer prices up 0.2% in Jan
      407 10  -  Housing cost down 2.4%; transport costs rise 7.1% By OH BOON PING SINGAPORE’S consumer prices rose in January but the annual growth in overall prices was less than expected. Consumer prices rose 0.2 per cent in January from a year ago as transport, education
      407 words
    • Article
      Lock icon White collar profile of problem gambler
      403 10  -  By ARTHUR SIM THE mild mannered executive sitting next to you by day could just be a hard core gambler by night. This is according to the profile of Singaporean problem gamblers by the National Council on Problem Gambling (NCPG). NCPG released new data
      403 words
    • Article
      Lock icon Tender soon for Yishun industrial site
      275 10  -  By CHEW XIANG THE Urban Redevelopment Authority (URA) will put a 60-year leasehold industrial site in Yishun up for tender after a developer triggered the sale with a minimum bid of $11.5 million. The 1.42 hectare plot is located at the corner of Yishun
      275 words
    • Article
      Lock icon Donate for arts and culture – online
      256 10 Donate for arts and culture online A NEW one-stop cultural philanthropy portal, www.give2arts.sg was launched yesterday by Lui Tuck Yew, Acting Minister for Information, Communications and the Arts. The portal, initiated by the new Arts and Culture Development Office (ACDO), aims to provide the public with a convenient way to
      256 words
    • Article
      Lock icon Romanian driver to give evidence
      334 10  -  By OH BOON PING THE Romanian government has granted a request for one of its staff to give evidence on the hit-and-run case involving a former diplomat here. However, it has dissociated itself from Silviu Ionescu the man at the centre of the saga saying
      334 words
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      176 10 Head to CATS FASTADS in The New Paper for job opportunities! BUY IT-SELL IT-FIND IT airfares.com.sg MISA TRAVEL Tel 6538 0318 More airfares More cities More promotions More travel deals Singapore Airlines Bangkok Jakarta S$ 336 Beijing S$ 711 Nagoya I Fukuoka S$ 711 Sydney I Melbourne S$ 894 London
      176 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Receding prospects of Doha pact frustrate WTO
      611 11 There are too many gaps in negotiations to bring in ministers at this point: Lamy Reuters [GENEVA] Gloom and frustration pervaded the World Trade Organization (WTO) on Monday as the prospects of completing a new global commerce pact this year receded. The WTO’s
      Reuters; REUTERS  -  611 words
    • Article
      Lock icon American jobs bill clears hurdle in Senate
      397 11 It gets helping hand from Republican Scott Brown AP [WASHINGTON] A bipartisan jobs bill cleared a Republican procedural roadblock on Monday with critical momentum provided by the Senate’s newest Republican, Scott Brown of Massachusetts. The 62-30 tally to advance the measure to a
      AP  -  397 words
    • Article
      Lock icon BOJ says fiscal policy must win trust, minutes show
      418 11 Bloomberg Reuters [TOKYO] Bank of Japan (BOJ) policy makers said growing scrutiny of public debt worldwide increased the need for policies that secure the trust of investors, the minutes of its January meeting show. Some members described Japan’s fiscal condition as
      Bloomberg; Reuters  -  418 words
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      198 11 WHet) 1 SAID THAI TEflMoOoKK. MefltfT SM1MG, THIS 15 riot WHAT 1 Id HIllD. r~i o PROMOTING EMPLOYEE WELL-BEING ISN'T JUST BETTER BUSINESS SENSE. IT'S BETTER FOR BUSINESS. Before you look at the health of your organisation's bottom line, first check the health of your workforce. A healthy employee performs
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon CIMB earnings jump 44% to RM2.8b
      523 12  -  It proposes 1-for-1 bonus issue ahead of plans to list on Thai exchange By PAULINE NG CIMB Group Holdings has posted a 44 per cent increase in net profit to RM2.8 billion (S$1.2 billion) for the year to end-De-cember 2009, with its Indonesian and
      REUTERS  -  523 words
    • Article
      Lock icon M’sia real GDP grew in Q4, say economists
      543 12  -  By in Kuala S JAYASANKARAN PRIVATE economists are in general agreement that Malaysia, in real gross domestic product (GDP) terms, expanded during the last quarter of 2009. But their estimates ranged widely from 2 to 3 per cent (Rating Agency of Malaysia)
      543 words
    • Article
      Lock icon Bank Danamon returns to profit in Q4
      245 12 Bloomberg [JAKARTA] PT Bank Danamon Indonesia, controlled by Temasek Holdings and Deutsche Bank AG, returned to profit in the fourth quarter after reducing the amount of money it must set aside for derivatives-related losses. The lender posted a net income of 167 billion
      Bloomberg  -  245 words
    • Article, Illustration
      Lock icon Razaleigh backs Kelantan’s demand for oil royalties
      613 12  -  By S JAYASANKARAN TENGKU Razaleigh Hamzah, the founder chairman of national oil company Petronas, is continuing his battle against the federal government to compel it to begin making royalty payments to the state of Kelantan for oil discovered off its shores. Kelantan has
      FILE PHOTO  -  613 words
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      103 12 Asia's biggest electronics event £7 COME TOGETHER. 0002:55 a a aim /i -H»HODC Hong Kong Electronics Fair (Spring Edition) 13-16 April 2010 Hong Kong Convention and Exhibition Centre Prime downtown location Over 2,100 quality exhibitors from 20 countries and regions Themed zone highlight: Hall of Fame Held concurrently with "HKTDC
      103 words
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      Lock icon Page 12 Advertisements Column 2
      66 12 sstravellers.o^m CD 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, -»s. contests reader promotions in the local travel industry. v/ >i :•-•> 1 :u*.: 4-
      66 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon HK govt likely to hand out less in budget
      731 13 Although Q4 growth may see strong rebound, govt fears double-dip recession Bloomberg [HONG KONG] Hong Kong’s economic growth probably accelerated in the fourth quarter as exports and retail spending rebounded, encouraging the government to limit stimulus and relief measures in today’s
      Bloomberg; BLOOMBERG  -  731 words
    • Article
      Lock icon Beijing raps Fitch for downgrading 2 banks
      207 13 Reuters [BEIJING] China’s banking system is sound, including the two banks downgraded by Fitch Ratings this month, a senior central bank official said in comments published on Monday. Xuan Changneng, the head of Financial Stability Bureau with the People’s Bank of China, told
      Reuters  -  207 words
    • Article
      Lock icon TPG, KKR near purchase of stake in CICC
      457 13 Bloomberg [HONG KONG] TPG Capital LLP and Kohlberg Kravis Roberts Co (KKR) are in final talks to buy Morgan Stanley’s stake in China International Capital Corp (CICC), the first Sinoforeign investment bank, for more than US$1 billion, said four people with knowledge
      Bloomberg  -  457 words
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      288 13 www.itshow.com.sg 11 -14 MARCH 2010 Suntec Singapore Levels 0> 0> 0> 0 0 I.T DIGITAL MOBILE CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE WORTH WAITING FOR i jgi COMING saaixn Plus Win 1st Prize Of S$20 9 000 CASH And Other Cash Prizes (ONE COUPON FOR EVERY $100 PAID OR DEPOSIT PLACED
      288 words
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      286 13 Mm NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School YOU WANT AN EMBA TO PUT YOU AHEAD. Get one that is a cut above the rest •n •V /.SX m NANYANG EXECUTIVE MBA Global Leadership for the Asian Century The Business School's flagship MBA programme is #27 in the Financial Times 2010
      286 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Ping An shares hit by founders’ 5-year sale plan
      479 14 Shareholders selling 11.7% stakes after expiry of three-year lock up period Reuters [HONG KONG] Ping An Insurance, China’s sec-ond-largest insurance company, said three of its mainland shareholders would sell 800 million restricted A-shares over the next five years, sparking a sell-off
      Reuters  -  479 words
    • Article
      Lock icon China is unlikely candidate to buy IMF gold
      361 14 Bloomberg [NEW YORK] China, the world’s biggest gold producer, isn’t a “realistic candidate” to buy bullion from the International Monetary Fund, the World Gold Council said. Analysts including Citigroup’s Alan Heap have said that the People’s Bank of China is likely to
      Bloomberg  -  361 words
    • Article, Illustration
      Lock icon ENTER THE TIGER
      88 14 AFP [HOLLYWOOD] This wax figure of martial arts icon Bruce Lee was unveiled by his daughter Shannon Lee at Madame Tussauds in Hollywood just before the start of the Year of the Tiger, in celebration of the Chinese New Year. The wax attraction houses more than 100
      AFP  -  88 words
    • Article
      Lock icon Indian 3G spectrum auction may start after March
      222 14 Reuters [NEW DELHI] A multi-bil-lion dollar auction of 3G spectrum to help plug India’s budget deficit may only kick off in the next financial year, a government minister said on Monday. Telecoms Minister Andimuthu Raja said the government would give formal notice
      Reuters  -  222 words
    • Article
      Lock icon Maoist rebel leader offers ceasefire
      448 14 He proposes to hold talks if Indian govt calls off crackdown AP Bloomberg [NEW DELHI] A top Maoist guerrilla leader in India has offered to halt his group’s violent activities and hold talks with the government if it calls off a crackdown against the rebels,
      AP; Bloomberg  -  448 words
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      219 words
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      120 14 nan JJ Newsman Sole Marketing Agent 16A CABLE ROAD 1 19,000sqft Spacious Road 11,000sqft Living Space Sumptuous Interiors with Luxury Bathrooms Private Pool and Pavilion Fully furnished with Designer's furniture 1 Car park spacious for 16 cars 1 Designed by award-winning firm K2LD 1 Modern accents reflected throughout 1 Large
      120 words
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      Lock icon Page 14 Advertisements Column 3
      83 14 loliday Lscapa^ Get holiday updates in SPH Travel Supplements (ST/ZB) Natas Travel 2010 Spring Sensations Holiday Fiesta Natas Summer Journeys (New) Value Vacations Natas Holidays 2010 Autumn Relights Natas Winter Journeys (New) Travel Malaysia 2010 Holiday Escapades Tentative dates, subject to change Feb 25/26 Mar 23/25 Apr 13/15 Apr 30/May
      83 words
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  • INDIA
    • Article
      Lock icon India’s debt sales may rise 2% in FY2010-11
      625 15 Fiscal deficit may shrink to 5.5% of GDP in next fiscal year, from a 16-year high of 6.8%, says govt Bloomberg [MUMBAI] India will borrow a record 4.6 trillion rupees (S$140 billion) next fiscal year as debt payments double and the government
      Bloomberg  -  625 words
  • Page 15 Advertisements
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      399 15 WINE DINE AND HOSPITALITY SWAY WITH SINGAPORE'S 'KING OF SWING' JEREMY MONTEIRO AT INK Be enthralled by the wistful artistry of criticallyacclaimed and world-renowned Jazz pianist, singer and composer Jeremy Monteiro, as he colours your evening with his classy shades of rhythm and blues. MONDAY THURSDAY 9:OOPM 1 2:OOAM FRIDAY,
      399 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Bangkok braces for fiery Friday
      633 16 Supreme Court decision against Thaksin could spark ‘red shirts’ unrest By LEE U-WEN [SINGAPORE] “Judgment day” descends on Bangkok this Friday as Thailand braces for possibly more political unrest after the Supreme Court decides whether to seize the frozen assets of fugitive former Prime Minister
      REUTERS  -  633 words
    • Article, Illustration
      Lock icon Pakistan finance minister decides to step down
      377 16 He wants to focus on his private business interests Reuters [KARACHI] Pakistani Finance Minister Shaukat Tarin said yesterday he was stepping down to focus on his private business interests. Mr Tarin’s resignation is not expected to destabilise the government but international donors will
      Reuters  -  377 words
    • Article
      Lock icon Philippines sells 100b yen of Samurai bonds
      555 17  -  JBIC’s guarantee attracts money from conservative Japanese investors By ANTHONY ROWLEY JAPAN’S US$20 billion a year Samurai bond market is springing to life as a major source of capital for Asian government and other issuers after decades of serving mainly as a conduit
      555 words
    • Article, Illustration
      Lock icon MUECK IN MELBOURNE
      74 17 [MELBOURNE] Visitors at the National Gallery of Victoria in Melbourne looking at a sculpture, ‘In Bed’, by Australian sculptor Ron Mueck. The gallery is holding an exhibition of Mueck’s work, including four new sculptures, till April 18. UK-based Mueck produces hyper realistic sculptures which look perfect from
      REUTERS  -  74 words
    • Article
      Lock icon Toyota under US federal probe
      322 17 SEC is also investigating what the carmaker told investors AP [WASHINGTON] Federal prosecutors have launched a criminal investigation into Toyota Motor Corp’s safety problems and the Securities and Exchange Commission was probing what the carmaker told investors, the company disclosed on Monday. Newly released internal
      AP  -  322 words
    • Article
      Lock icon Judge approves BOA’s US$150m SEC deal
      228 17 NYT [NEW YORK] In a ruling that freed Bank of America from some legal problems, a federal judge wrote on Monday that he had reluctantly approved a US$150 million settlement with the Securities and Exchange Commission (SEC). But even as the judge, Jed Rakoff
      NYT  -  228 words
  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      1853 16 adv N (Resolution 1) (Resolution 2) (Resolution 3) (Resolution 4) (Resolution 5) (Resolution 6) (Resolution 7) KOON HOLDINGS LIMITED (Company Registration No. *****3284M) (ARBN 105 734 709) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Seventh Annual General Meeting of the Company will be held at 48
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      Lock icon Page 16 Advertisements Column 2
      311 16 RESTIRRECRWO THE SILK ROAD I H •.T/ r fi. I L -,nn im:J '%/lF •t su •V 0 c iV:^: v i^£h gs °2V> n-r CX Capita/ Ej/p£ 2>ay Tr> Singapore. Discover Investment Opportunities in Egypt A Compelling Investment Case for Regional and Global Investors Speakers HE Dr. Mahmoud Mohieldin,
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  • Page 17 Advertisements
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      339 17 BUSINESS OUTLOOK FORUM 2010 SUSTAINABILITY IN THE RECOVERING WORLD Date: 2 March 2010 Time: 8am-2pm Venue: Suntec Singapore International Convention Exhibition Centre Ballroom 3, Level 2 About SiTF 2010 ICT Business Outlook Forum The annual SiTF ICT Business Outlook Forum gathers distinguished speakers to share and provide delegates an insight
      339 words
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      Lock icon Page 17 Advertisements Column 2
      142 17 This number could change your life forever. 3 1 0 3 If you apply for The NANYANG MBA with Accountancy Specialisation by 31 March 2010, that is. NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School Leave nothing to chance when it comes to your career or entrepreneurial goals. The NANYANG MBA is
      142 words
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  • WORLD
    • Article
      Lock icon Walmart to buy digital movie provider
      521 18 AP [LOS ANGELES] Wal-Mart Stores will buy broadband entertainment provider Vudu, a deal that gives the world’s biggest retailer the ability to sell movies directly through TVs and Blu-ray players over the Internet. The deal could give Wal-Mart a way to compete with electronics
      AP  -  521 words
    • Article
      Lock icon Microsoft veteran out to shake up marketplace for ideas
      755 18 Nathan Myhrvold amasses 30,000 patents, takes on technology giants NYT [BELLEVUE, Washington] Nathan Myhrvold wants to shake up the marketplace for ideas. His mission and the activities of the company he heads, Intellectual Ventures, a secretive US$5 billion investment firm that
      NYT  -  755 words
    • Article
      Lock icon Drug firms’ aid to train doctors raises queries
      388 18 NYT [NEW YORK] More than half of America’s medical residency programmes to train doctors in internal medicine accepted financial support from the drug industry, even though three-fourths of the programmes’ directors said accepting the aid was “not desirable,” a survey found. At
      NYT  -  388 words
    • Article
      Lock icon Obama in tactical mode to push health care plan
      336 18 He’s holding summit with Democrats and Republicans Reuters [WASHINGTON] US President Barack Obama may be setting up a carefully choreographed attempt to ram his healthcare plan through the US Congress over the objections of rival Republicans. That could be the risky
      Reuters  -  336 words
    • Article, Illustration
      Lock icon WHERE’S THE DOCTOR?
      83 18 [LONDON] A visitor at Bonhams in London wearing a Cyberman mask from the British BBC science-fiction TV series ‘Doctor Who’ while standing in front of a Dalek, another character from the popular series, during a viewing last week in preparation for the ‘Doctor Who’ memorabilia auction. Many
      AP  -  83 words
    • Article
      Lock icon Glaxo shares fall on US report over Avandia heart risk
      297 18 Bloomberg [NEW YORK] GlaxoSmithKline plc fell in London trading on Monday after a report from two US senators raised concerns that the drugmaker may be more vulnerable to lawsuits charging that its Avandia diabetes pill causes heart attacks. The drugmaker
      Bloomberg  -  297 words
  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      486 18 t£AT3 NOTICES BUY IT SELL IT FIND IT LOST SHARE CERTIFICATE(S) Notice is hereby given that the following share certificates have been reported lostDBS GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****1152M) Notice is hereby given that new share certificates will be issued and the original
      486 words
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      Lock icon Page 18 Advertisements Column 2
      373 18 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF AT-LIFE PTE. LTD. (PROVISIONAL LIQUIDATORS APPOINTED) Company Registration No. *****6115H NOTICE OF MEETING OF CREDITORS Notice is hereby given that pursuant to Section 296 of the Companies Act Cap.50, a meeting of the creditors of the
      373 words
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  • FOCUS: TOYOTA TESTIMONY
    • Article, Illustration
      Lock icon Toyota case seen as failure of 2000 safety law
      997 19 Some of the same problems present after Firestone tyre issue are said to still exist Bloomberg [NEW YORK] TOYOTA Motor Corp’s recalls of millions of vehicles show that a law passed after fatal crashes of Ford Explorers with Firestone tyres a
      Bloomberg; AP  -  997 words
    • Article
      Lock icon Company’s Jan global sales up 15.3% yoy
      275 19 AFP AP [TOKYO] Toyota Motor’s global sales in January were up 15.3 per cent year-on-year, the company said yesterday, as the Japanese automaker showed resilience despite being hit by massive recalls that month. Toyota sold 537,454 vehicles in January, excluding subsidiaries Hino and
      AFP; AP  -  275 words
    • Article, Illustration
      Lock icon Reticent president typical of leaders in Japanese firms
      1140 19 Company chiefs are rarely leaders but cheerleaders for the rank-and-file AP [TOKYO] Americans are likely in for a surprise if they expect Toyota president Akio Toyoda to put on a show of authoritative “the-buck-stops-here” clout at today’s congressional hearing on the carmaker’s
      AP  -  1,140 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Euroland’s mess shrinks the euro
      509 20 EDITORIAL AS the global financial crisis raged last year and the US Federal Reserve cut interest rates to near zero, a number of economists and currency watchers predicted that the US dollar could go nowhere but down. But lo and behold, in recent days, the
      509 words
    • Article, Illustration
      Lock icon Keynesian economics: dying where it was born
      800 20  -  THE BOTTOM LINE MATTHEW LYNN The writer is a Bloomberg News columnist. The opinions expressed are his own The UK has produced notable economists over the years, but John Maynard Keynes, the guru of government intervention, was one of truly global significance. So
      800 words
    • Article, Illustration
      Lock icon US and Europe dig themselves in fiscal hole
      1244 20  -  Japan has lessons for countries being drawn along the path it has slid down in recent years ANTHONY ROWLEY Tokyo Correspondent THE fiscal time bomb is ticking ever louder, from Greece to Japan and from Britain to the United States, not to
      1,244 words
    • Article, Illustration
      Lock icon Obama drifting into war with Iran
      1486 21  -  He’s more dependent on support from conservative Democrats and Republicans who want tougher action against Teheran LEON HADAR Washington Correspondent IT is quite possible that confounding the conventional wisdom, the Obama administration has been conducting secret negotiations with Iran that could open way to
      AFP  -  1,486 words
    • Article, Illustration
      Lock icon Getting the show back on the road
      546 21  -  By DAVID SANDISON The writer is Tax Partner, PWC Services LLP THIS time last year, Singapore found itself in the middle of a crisis not, admittedly, of its own making which called for the implementation of a “resilience package” that would enable it
      YEN MENG JIIN  -  546 words
    • Article
      Lock icon Why leave accounting firms out in the cold?
      327 21  -  LETTER TO THE EDITOR Darryl Wee Country head, ACCA Singapore WE refer to the report “Singapore invests on road to the future” by Anna Teo (BT, Feb 23). This is a bold budget that provides incentives for companies to edge out of
      327 words
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  • Transport HUB
    • Article, Illustration
      Lock icon Myanmar invites firms to run 6 Yangon ports
      349 22 Privatisation move includes developing new facilities under BOT arrangement Reuters [YANGON] Myanmar’s military government has invited offers from private companies to operate six major ports in the country’s commercial capital and build more in anticipation of a boost in exports. Myanmar’s Transport
      Reuters; BLOOMBERG  -  349 words
    • Article
      Lock icon India Feb oil export rise on shipments to US
      375 22 Bloomberg [MUMBAI] Bookings of tankers to export fuels from India’s west coast, the home of two Reliance Industries Ltd refineries, rose in February as India sold more petrol to the US. Shipments of at least 1.07 million tonnes, or about 9.1
      Bloomberg  -  375 words
    • Article
      Lock icon TRANSPORT STOCKS
      281 22 SGX '000 Feb 23 S$ +/-Vol CH Offshore 0.65 0.01 394 Chuan Hup Hldgs 0.31 unch 62 Cosco Corp 1.26 -0.02 ***** CWT Ltd 0.89 unch 1422 Ezra Hldgs 2.30 0.04 4766 First Ship Lease 0.59 unch 200 Freight Links 0.05 0.01 1150 Grand Banks unch unch 0
      281 words
    • Article
      Lock icon Supertanker surplus shrinks on demand
      211 22 Bloomberg [LONDON] The supply of supertankers competing to haul cargoes of Middle East crude oil shrank as falling rates spurred demand. There are about 6 per cent more very large crude carriers (VLCCs) available than cargoes to haul over the next 30 days, according to
      Bloomberg  -  211 words
    • Article
      Lock icon Good time to modernise fleet
      998 22  -  As stricter emissions rules loom, savvy firms can pick up forsaken but fuel-efficient newbuildings STRAIT TALK By DAVID HUGHES REGULATIONS for the restriction of air pollution from ships will mean extra costs and responsibilities for shipowners, UK-based BMT Group’s subsidiary BMT Marine Offshore Surveys told
      998 words
    • Article
      Lock icon S Africa intercepts N Korean arms shipment
      560 22 Reuters [UNITED NATIONS] South Africa has told a UN Security Council committee that it intercepted a North Korean weapons shipment bound for Central Africa, which diplomats said was a violation of a UN ban on arms sales by Pyongyang. The seizure took place
      Reuters  -  560 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Lufthansa, union agree on talks
        535 23 Pilot strike on hold, carrier hopes to be back to normal by end of the week AFP [BERLIN] Lufthansa hopes to have flights back to normal by the end of the week after the airline agreed to hold talks with pilots, ending a costly and
        AFP; REUTERS  -  535 words
      • Article
        Lock icon French strikes disrupt European flights
        364 23 AFP [PARIS] As pilots at German flagship carrier Lufthansa agreed to suspend a strike until March 8, action yesterday by French air traffic controllers and a strike vote by British Airways staff spells more turbulence ahead. While Lufthansa managed to head off what had been
        AFP  -  364 words
      • Article
        Lock icon Cathay Pacific, Air China near cargo venture deal
        281 23 Bloomberg [HONG KONG] Cathay Pacific Airways Ltd, Hong Kong’s largest carrier, and affiliate Air China Ltd intend to sign an agreement on forming an air-cargo venture before the end of the week, said three people familiar with the negotiations. The deal will
        Bloomberg  -  281 words
      • Article
        Lock icon Aegean, Olympic agree to merger: sources
        249 23 Reuters [ATHENS] Greece’s two largest carriers, Aegean, and recently privatised Olympic, have agreed to team up, forming a stronger player to take on foreign competition, officials close to the deal said on Monday. The merger, expected to be formally announced shortly, will form one
        Reuters  -  249 words
      • Article
        Lock icon Kingfisher Airlines to join Oneworld
        406 23 Indian carrier to start flying as part of alliance next year Bloomberg Bernama AFP [MUMBAI] Kingfisher Airlines Ltd, owned by India’s largest brewer, agreed to join Oneworld, becoming the first carrier from the south Asian country to gain entry into one of the major international
        Bloomberg; Bernama; AFP  -  406 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2903 23 W CITY FLIGHT ETA FLIGHT ETD Abu Dhabi EY470 2200 SQ456 1245 Adelaide LH9771 1740 9W4082 2215 SQ268 1740 AF8088 2215 VS7268 1740 BA7382 2215 JL5083 2215 --QF82 2215 LH9770 2350 SQ269 2350 VS7269 2350 Ahmedabad NH6293 0710 SQ531 0710 Amsterdam LO4031 0610 SQ7342 0705 SQ323
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    • TRANSPORT HUB: LAND
      • Article
        Lock icon VW to take over Renault’s Leng Kee showroom
        455 24  -  German marque to move in in mid-June, after renovation starts in May By SAMUEL EE EVEN as the car market consolidates because of the rapidly tightening COE supply, Volkswagen is expanding aggressively. The fast-growing German brand is taking over the Renault showroom
        455 words
      • Article, Illustration
        Lock icon Ferrari’s global sales slip 5%, outpace market
        550 24  -  It delivered 6,250 cars worldwide last year By SAMUEL EE ITAL Auto delivered its first Ferrari late last month, the California, a convertible which has helped the Italian super sports car maker deflect the pain from the global economic crisis by reaching out
        550 words
      • Article, Illustration
        Lock icon Japan carmakers’ global output surges in Jan
        563 24 AP Bloomberg Xinhua [TOKYO] Global production at Japanese automakers surged in January amid booming demand for new cars in China. HondaMotor’s global auto production rose in January as demand surged in China, the world’s largest auto market. Japan’s sec-ond-largest carmaker built 290,752 vehicles
        AP; Bloomberg; Xinhua  -  563 words
      • Article
        Lock icon Saab sale likely to close this week
        402 24 Bloomberg [STOCKHOLM] General Motors’ sale of Saab Automobile to Spyker Cars NV will probably close this week, moving the Detroit carmaker closer to trimming its US brands by half, two executives involved with the deal said. Spyker officials are meeting with GM lawyers
        Bloomberg  -  402 words
      • Article
        Lock icon Japan looks to strengthen product recall systems
        312 24 AFP [TOKYO] Japan’s government said yesterday it would review the country’s automotive and other product recall systems to strengthen consumer protection following Toyota’s global safety recalls. “There is a possibility Toyota did not inform us about every small piece of information,” said Transport
        AFP  -  312 words
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  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      301 23 CRYPTIC CROSSWORD Across 1 Woodwind instruments? Or a brass one of note (8) 5 Native American with little time to peddle (6) 9 Artillery piece with zero problems (8) 10 Degenerate fair after inaugural Easter festival (6) 11 Level of society where loose women turn on upper-class male (7) 12
      301 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8847 25 Transaction date: Feb 23 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 3 3148 8Telecom 17 unch 160 17 16.5 16.5 17 1.7 10.6 5.5 81.4 10 2.5 5834
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    • Article
      Lock icon SGX CATALIST
      1636 26 52-wks Tel Last Vol Day 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 4.5 6 5.3 25 12 8538 t APStrategic 15.5 13.5 15.5 91.5 4 0.5 1501
      1,636 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9368 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.19/ APS Alpha Fund (USD)!** 0.85/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.68/ Aberdeen Asset Mgt Asia Limited American Opp 0.6467/ Asian Credit Fund 1.2187/ Asian
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    • Article
      Lock icon SGX ETF
      463 26 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 111 107 6389 ABF SG Bond ETF 110.4 107.7 112 504 846 427 CIMBAsean40 100US$ US799 -4 530 804 799 800 805 32 298
      463 words
    • Article
      Lock icon CLOB INTERNATIONAL
      261 26 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 20 6000 AVJennings A48 -0.5 12 48 48 47.5 50 3.6 7.3 3.8 125 31 6 6017 Genting HK US$ US18.5 unch 1001
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      365 27 In local curr In S$ In US$ dy yr dy yr dy yr Feb 22 Index Change Change Change Change Change Change World Index Preliminary 821.7 0.2 -1.3 0.1 -2.1 0.5 -2.5 EAFE Preliminary 768.3 0.6 -2.1 0.9 -4.3 1.2 -4.6 Europe Preliminary 1095.9 -0.3
      365 words
    • Article
      Lock icon PALM OIL
      66 27 Feb 23 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 10 2648 2656 2668 2640 188 2927 Apr 10 2650 2644 2666 2630 3429 ***** May 10 2642 2635 2662 2622 9708 ***** Jun 10 2632 2627
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    • Article
      Lock icon STOCK INDEX FUTURES
      29 27 Feb 23 Open High Sett STI Feb 2748 2748 2783 SIMSCI Feb 329.3 334.0 333.6 Taiwan Feb 273.4 274.3 273.2 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon SIBOR
      85 27 Feb 23 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon US$/S$ FORWARD RATES
      24 27 Feb 23 S$ Bid Offer 1-month 1.4039 1.4053 2-months 1.4041 1.4055 3-months 1.4042 1.4057 6-months 1.4048 1.4063 Source: OCBC Source: OCBC
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      374 27 Feb 23 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar10 99.7250 0 7521 Jun10 99.6000 0 7109 Sep10 99.3850 0 3147 Dec10 99.0550 0 2722 EUROYEN TIBOR FUTURES Mar10 99.5650 99.5650 99.5650 99.5650 90 4720 Jun10 99.6000 99.6000 99.6000 99.6200 2 1625 Sep10 99.6150 99.6150 99.6150
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    • Article
      Lock icon SICOM FUTURES
      193 27 Feb 23 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 10 326.0 326.0 326.0 6 642 Apr 10 326.0 326.0 326.0 20 491 May 10 326.0 326.0 326.0 20 646 Jun 10 326.0 326.0 326.0 20 810 Jul
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    • Article
      Lock icon GOVERNMENT SECURITIES
      92 27 Feb 23 Feb 23 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 27.05.2010 0.38 0.32 0.32 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 104.27 104.30 104.27 5-Year N*****0N 1.375
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 27 Feb 23 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2580 1.2960 Can dollar 1.3430 1.3590 Euro 1.9060 1.9280 NZ dollar 0.9810 1.0020 Sterling pound 2.1720 2.1960 US dollar 1.4010 1.4160 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      177 27 Feb 23 $S Offer Bid Overnight 1/16 par 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 0.13 US$ Offer Bid 7 days 0.23 0.18 1 month 0.28 0.23 2 months 0.35 0.25 3 months 0.37 0.27 6 months 0.50 0.40 9 months 0.90 0.60 12
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2428 27 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 16 5.17 51 2036 Advance SCT Ltd W*****9 0.5 1 87 1844 9.00 6 Asia Water Tech W*****8 4 ***** 1 2 -25
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    • Article
      Lock icon INTERBANK CROSS RATES
      465 27 Feb 23 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.941 6.187 0.663 7.034 41.762 84.195 0.825 10.407 3.072 1.286 77.103 41.826 1.273 6.950 0.973 29.038 29.976 0.583 0.906 Canada 1.062 6.573
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    • Article
      Lock icon PRECIOUS METALS
      139 27 Feb 23 GOLD (US$/oz) Feb 23 Feb 22 Hong Kong 1118.80 1122.20 Feb 22 Feb 19 London 1111.35 1118.80 1112.15 1119.60 Source: Thomson Reuters CAST BAR Feb 23 (S$) Selling Buying Kilobar "54,282.17" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 121.98 51 5gm 345.61 253 10gm 616.32
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 27 Feb 23 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2720 1.2736 0.9062 0.9064 Canadian dollar 1.3510 1.3531 0.9625 0.9630 Euro 1.9198 1.9222 1.3677 1.3680 NZ dollar 0.9892 0.9906 0.7047 0.7050 Sterling pound 2.1835 2.1861 1.5555
      155 words
    • Article
      Lock icon LONDON METALS
      69 27 Feb 22 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2117.00 2105.40 3 months 2151.00 2139.00 Copper, Grade A (US$/tonne) Cash 7301.50 7405.75 3 months 7330.00 7431.00 Lead (US$/tonne) Cash 2302.75 2336.75 3 months 2325.00 2359.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • Article
      Lock icon CHICAGO BOT
      105 27 Feb 22 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 10 961.50 945.00 962.25 944.25 May 10 969.00 954.50 970.00 953.50 Jul 10 975.25 962.00 976.00 960.50 Aug 10 970.50 958.50 970.50 957.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 10 38.83 38.52 38.94
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    • Article
      Lock icon LIFFE
      77 27 Feb 22 COCOA (£/tonne) Close Prev High/Low Mar 10 2260 2263 2289/2241 May 10 2272 2281 2309/2252 Jul 10 2260 2265 2294/2240 Sep 10 2234 2239 2273/2215 COFFEE (US$/tonne) Close Pev High/Low Mar 10 1226 1269 1267/1219 May 10 1263 1303 1301/1256 Jul 10 1298 1338 1336/1293 SUGAR (US
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 27 CRUDE OIL PRODUCTS Feb 22 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 78.10 0.23 WTI (Near Mth) 79.97 0.14 Dubai (1-Mth F) 77.07 1.46 Tapis blend 80.90 1.70 Minas 80.20 1.70 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 77.66 1.89 Jet Kerosene 85.85 1.90 US$/barrel Opec Oil
      77 words
  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
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      115 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    6449 28 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.
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      28 28 Shipping lines seeking reliable logistics partners Can "they find your services here in the Shipping TO ADVERTISE, CALI IOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIIVIES
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      35 29 Experienced sh/p maintenance services wanted. feTvi«7her^n°t u h r e Shipping Times? Legal services required by shippers owners TO ADVERTISE, CALL JOB WO IMG AT Can they find your services here in the Shipping Times?
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      199 30 slow. When it comes to investing your hard-earned money, our view is definitely different from most. Instead of promoting those high-risk, quick gambles, we take a long-term, prudent and disciplined approach. Instead of charging high annual management fees to maximise our profits, we offer one of the lowest 1 so
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      Lock icon Estate tax may rise from the dead
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      Lock icon Corporate investment to spur US growth
      511 30 Economists expect 3% growth this year and next: survey Bloomberg [NEW YORK] Corporate investment will contribute to stronger growth in the US and the economy will start to add jobs early this year, a survey of business economists showed. Spending on equipment and software
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      Lock icon Collectible-car market still robust
      918 31 Some cars rolling off the line today are destined to be the auction surprises of the future. Experts select some favourites Bloomberg WE ALL wish we’d bought Microsoft stock in the 1980s. But what if you’d tucked away a 1965 Shelby roadster like the one that
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      Lock icon Beware of quick fixes for low productivity
      968 32  -  The haste to grow income through higher productivity may end up making Singaporeans poorer MONEY MATTERS JOSEPH CHONG THERE has been much said about the low productivity nature of Singapore’s economic growth in the past decade. Average productivity growth has been only one
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      Lock icon Swiss bank chief upbeat on property market
      601 32  -  By GENEVIEVE CUA SINGAPORE real estate is “exceptionally attractive” from a yield and capital appreciation perspective, says Bank Sarasin chief investment officer Burkhard Varnholt. He dismisses fears of a bubble, even in the wake of new measures here to quell speculation. Last Friday,
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      136 32 OCBC Securities Trade shares globally like you're there? Let's talk. To start trading in foreign markets with and contact your Trading Representative, call our hotline on 1800 338 8688 or visit www.iocbc.com today. 1 V Q Ask OCBC www.iocbc.com Hongbao Special! Every 8 th person who sends an SMS* <GTBT>
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      7 32 COLLECTIBLE CARS Market still robust PAGE 31
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