The Business Times, 15 March 2010

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 30
1 30 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Monday, March 15,2010
    23 words
  • 1067 1  -  Customers get to store anything from furniture to company records on a monthly basis By FELDA CHAY [SINGAPORE] You know that something has got to give when you move into that shoebox-sized apartment that cannot hold all your beloved ornaments, books, paintings and shoes
    ARTHUR LEE  -  1,067 words
  • 136 1 MARKETS Weekly Change ST Index 2,881.36 +91.07 KL COMP 1,311.20 +11.42 NIKKEI 225 10,751.26 +382.30 HANG SENG 21,209.74 +421.77 SET INDEX 733.34 +9.38 JAKARTA COMP 2,666.51 +87.74 MANILA COMP 3,072.91 +3.28 SEOUL COMP 1,662.74 +28.17 SHENZHEN B 615.07 +2.98 MUMBAI IND 17,166.62 +172.13 DOW 10,624.69 +58.49 NASDAQ 2,367.66
    136 words
  • 769 1  -  Protesters will fan out to key locations if demands not met By LEE U-WEN WHAT first started out as a planned three-day rally to force the Thai government to call for fresh elections has now escalated into a full-fledged fight to the finish.
    769 words
  • Page 1 Advertisements
    • 220 1 VIEWS FROM THE TOP Chief execs on the outlook for interest rates CORPORATE FOCUS Kris Wiluan quietly expanding his empire PAGE 4 PAGES 10-11 BizIT NEC wins second deal with Resorts World Sentosa PAGE 28 F1 Alonso triumphs at Bahrain Grand Prix PAGE 18 BT ONLINE BT print subscribers get
      220 words

  • TOP STORIES
    • 790 2 Renting self-storage space a brisk business JUDGING from the brisk business that self-storage companies are doing, residents and firms here seem to be lapping up the concept which first swept into Singapore in 2003. These companies offer offer spaces for rent, where individuals and businesses can store items
      790 words
    • 716 2  -  Industry body sees 65% jump in capital equipment market, after 46% fall in ’09 By AMIT ROY CHOUDHURY [SINGAPORE] Singapore and the South-east Asian region’s semiconductor industries are set to see a significant increase in investment this year as the sector gets back
      FILE PHOTO  -  716 words
    • 354 2  -  By JAMIE LEE [SINGAPORE] Koh Boon Hwee, chairman of Nanyang Technological University’s (NTU) board of trustees and DBS Group, has donated $2.5 million to the university in support of NTU’s efforts to honour teachers who have inspired their top graduates. Mr Koh’s donation, added
      354 words
    • 12 2 I db X-MACRO Trading Index Fund I4D 04/03/10 98,52 GBP
      12 words
    • 11 2 FX Select Guaranteed Fund |R1D 08/03/10 99,80 USD
      11 words
    • 20 2 Balanced Currency Harvest Euro 11C 08/03/10 100,68 EUR Double Joy Capital Guaranteed Fund R1D 04/03/10 9,93 USD
      20 words
    • 932 3  -  All eyes on FOMC meeting this week for clues on timing of exit strategy WALL STREET INSIGHT By ANDREW MARKS WITH sovereign debt worries in Europe appearing to be at bay, at least for the moment, anti-Wall Street rhetoric in Washington dying down,
      AFP  -  932 words
    • 241 3  -  LETTER TO THE EDITOR Phua Hooi Boon Director (land transport division) Ministry of Transport WE refer to the report “Industry expects COE premiums to spike as system is changed” (BT March 12). The writer suggested that one of the reasons for the
      241 words
  • Page 2 Advertisements
    • 92 2 edtech w fi Meeting the Growing Needs of Medical Technology with World Class Manufacturing Capabilities Held Concurrently with: fl3 40 EMU aUEl gomaiMMLG Level2, Ballroom] fej GATE 10 MEDICAL TECHNOLOGY M€dT€cti m Manufacturing Conftrtnct dOlO SS? r<s Make a Date with 1 i 5: Email: info@medtech-mfg.com Organised by In Co
      92 words
    • 70 2 m a if u Fully furnished with Designer's furniture Carpark spacious for 16 cars 1L Designed by award-winning firm K2LD Sumptuous Interiors with Luxury n z 3 Modern accents reflected throughout UoThrnnino u Large Professional Equipped Kitchen Sweeping Greenery View from Rooms 19,000sqft Spacious Road 11 .OOOsqft Living Space Bathrooms
      70 words
    • 172 2 ValuEngine Institutional: Research services for fund managers, IFAs, remisiers, new set-ups. For less than the cost of a clerical assistant, we provide customized research for you to create strategies for clients Critically acclaimed research with proven quantitative models Coverage of 4500 U.S. stocks and 600 ADRs Valuation, Growth and Quality
      172 words
    • 21 2 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      21 words

  • Page 3 Advertisements
    • 137 3 plus EXPO ENERGISE REJUVENATE CELEBRATE INSPIRE Take living to a new height Lots of fun, leisure, action, entertainment, health, relaxation and more Celebrate the good things in life Energise yourself inside and out Rejuvenate mind, body and spirit Be inspired by exciting promotions, giveaways, performances and forums Visit www.50plussingapore.com or
      137 words

  • COMPANY NEWS
    • 687 4  -  From manufacturing, it now offers drilling, global oil and gas services CORPORATE FOCUS By JOYCE HOOI IN the aftermath of a global financial crisis that razed whole industries, KS Energy’s Kris Wiluan is quietly expanding his oil and gas empire from the debris
      FILE PHOTO  -  687 words
    • 241 4 COMPANY MEETING PLACE DATE TIME Juken Tech E 29 Scotts Road, Singapore*****4 15-Mar 10.00am Chinavision S Board Room, 7th Floor, The Dynasty Club Limited, South West Tower, Convention Plaza, 1 Harbour Road, Wanchai, Hong Kong 15-Mar 11.00am Qian Hu Corp A No. 71 Jalan Lekar, Singapore *****0 16-Mar
      241 words
    • 801 4  - The curious case of Jardine the STI HOCK LOCK SIEW By R SIVANITHY THROUGHOUT all of last week, sharp rises in Jardine Matheson (JM), Jardine Strategic (JS) and Jardine Cycle Carriage (JC&C) to new all-time highs helped push the Straits Times Index significantly higher on five successive days. This elevated
      801 words
    • 557 5  -  The firm has chosen to list in S’pore because of GIC link, say some observers By LYNETTE KHOO A MUCH-AWAITED mega listing of a Chinese company on the Singapore Exchange (SGX) is finally in the works after a near two-year dearth. China Minzhong
      557 words
    • 409 5 Mar 12 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 of
      409 words
    • 1426 5 Payment Ex Books Pay (cts) date close date ABR Hldgs ak 1.000 11-May 13-May 27-May Action Asia an 1.000 06-May 10-May 19-May AEI Corp ak 1.000 06-May 10-May 26-May AEI Corp bh 2.000 06-May 10-May 26-May AIMS AMP Cap Ind Reit ag 0.187 12-Feb 18-Feb 26-Mar AIMS AMP
      1,426 words
  • Page 4 Advertisements
    • 2326 4 w [£AF3 NOTICES BUY IT-SELL IT• FIND IT OSIM INTERNATIONAL LTD (Incorporated in the Republic of Singapore on 27 August 1983) (Company Registration Number: *****4191N) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of OSIM International Ltd ("the Company") will be held at 65
      2,326 words
    • 38 4 Accounting Blues? Accounting backlogs Messy Accounts Migration of accounting systems Reconciliation problems in P&L, fixed assets, stocks The Accounting SWAT team offers expert help and fast turnaround to sssS*. CoflvP Call 6-222 6868 now for the Accounting Specialists
      38 words
    • 11 4 CATS Recruit The first step on your ladder to success CLA/AUG06/g
      11 words

  • Page 5 Advertisements
    • 213 5 learn to invest in the mining and exploration sector: lonchtime Education Seminar for the Asian Retail Investor Wednesday 24 March 2010 11,30am 2pm Raffles City Convention Centre Discover the value proposition of minerals mining sector investments. Find out how to invest and the expected risks returns. A seminar organised alongside
      213 words
    • 159 5 IG MARKETS get thinking FX/CFD trading igmarkets.com.sg Always guaranteed market prices, always PureDeal, now with DMA Discover PureDMA PureDeal with Direct Market Access Market depth access Trade inside the market spread Free to active clients Guaranteed market prices as always with IG Markets Find all you need to get started
      159 words

  • SINGAPORE MARKETS
    • 659 6  -  Our guess is that once the short squeeze is completed, the February pattern will reassert itself, in which prices remain within narrow bands. STOCKS R SIVANITHY Senior Correspondent LAST week’s column recommended selling into strength and although the Straits Times Index rose over the course
      659 words
    • 409 6  -  COMMODITY WATCH By OH BOON PING INVESTOR appetite for commodities appears to be waning, according to a recent poll by the Royal Bank of Scotland. In the RBS Quarterly Investor February 2010 poll, the question “What would you spend $100 on in 2010?” received an
      409 words
    • 542 6 CURRENCIES Bloomberg [SINGAPORE] Asian currencies rallied last week, led by the Malaysian ringgit and South Korea’s won, as improving economic data and reduced concern about Greece’s debt crisis spurred demand for regional assets. The Bloomberg-JPMor-gan Asia Dollar Index gained for a fifth week as stock-exchange
      Bloomberg  -  542 words
    • 1456 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Prop Ltd 2.00 1.91 11 11.71 10.08 1.46 1.19 ARA Asset Mgt Ltd 2.00 2.00 2 7.65 14.51 1.22 1.16 Armstrong Ind Corp Ltd 1.00 1.00
      1,456 words
    • 4 6 WEEKLY
      4 words
    • 66 6 Mar 12 VALUE CLOSE BT OB/OS 370.00 +11.00 BT CADI -*****.00 +48.00 BT 10-day MA -*****.00 +37.00 FTSE ST Mid Cap 693.18 -2.29 FTSE ST Small Cap 547.88 +2.31 FTSE ST All Share 710.80 +1.24 FTSE ST China Top 280.09 -1.62 FTSE ST China 298.55 -0.37 FTSE
      66 words
    • 57 6 VOLUME Genting SP 437,109,000 Golden Agri 412,607,000 Eastgate Tech 275,211,000 Healthway 240,342,000 Z-Obee Hldgs 144,395,000 Ying Li 138,420,000 China Hongxing 127,429,000 Yangzijiang 107,908,000 NOL 106,745,000 StraitsAsia 95,708,000 VALUE($) Genting SP 405,058,545 DBS Grp 347,715,537 UOB 305,256,113 SingTel 290,832,899 Noble Grp 259,131,891 Keppel Corp 245,728,944 SIA 242,265,254 Golden
      57 words
    • 106 6 BY CENTS CLOSE UP JMH 3340 614.0 15.2 DBXT Nifty 10US$ ***** 477.2 3.1 JSH 1958 348.9 14.6 DBXT FTVietnam 10US$ 4613 263.7 4.3 OUE 1150 246.0 27.2 DBXT DJE50 10US$ 4151 234.4 4.2 Jardine C&C 2726 174.0 6.8 DBXT MSEurope 10US$ 4230 153.5 2.7 DBXT MSKorea 10US$ 4706
      106 words
    • 120 6 BY CENTS CLOSE DOWN Thai Prime Fd 100-813.5 -85.4 GLD 10US$ *****-312.6 -2.0 DBXT S&P Short 10US$ 5202-163.3 -2.2 OCC 3.93% NCPS10 8600 -90.0 -1.0 Asia Pac Brew 1378 -20.0 -1.4 STI 2950SGAePW*****7 30.5 -17.0 -35.8 STI 2850BNPePW*****0 8.5 -14.0 -62.2 STI 2850BNPePW*****7 27.5 -13.5 -32.9 STI 2950BNPePW*****0 22.5
      120 words
    • 88 6 Where S$ stands Mar 12 CHNG YR 2010 CLOSE FR Mar 11 S$ LOW S$ HIGH US$ 1.3947 0.23 1.4219 1.3869 Euro 1.9143 -0.30 2.0153 1.8959 Pounds 2.1099 -0.30 2.2776 2.0848 A$ 1.2797 0.09 1.2923 1.2276 Yen* 1.5419 0.22 1.5927 1.5027 Rupiah* 0.***** -0.15 0.***** 0.***** Baht* 4.2848 -0.22
      88 words
    • 1526 8  -  TEH HOOI LING Senior Correspondent IT WAS good week for stocks, with prices creeping up in the absence of any major bad news. All of our portfolios advanced, with the average gain being 2.6 per cent. But this trailed the 3.3 per cent
      1,526 words
    • 1134 8  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd BUYING among directors rose for the second straight week with 27 companies that recorded 51 purchases worth $13.8 million based on filings on the exchange in the second week of
      1,134 words
  • Page 6 Advertisements

  • Page 7 Advertisements
    • 107 7 If you like paying hidden charges, this phone is not for you. NOKIA Connecting People Nokia E72 Unlike other corporate email solutions, accessing your business email with the Nokia E7Z doesn't involve costly middleware or cunningly disguised subscription fees. On top of being more economically sound, Microsoft and Nokia have
      107 words


  • SINGAPORE NEWS
    • 505 9  -  The company has adopted alcohol-free printing to do its bit for the environment By ABIGAIL KOR HAVING reaped benefits from introducing alcoholfree printing on five of its seven web presses, locally based Times Printers plans to extend the system to its
      YEN MENG JIIN  -  505 words
    • 237 9  -  By JAMIE LEE SINGAPORE and Vietnam are looking to cooperate further in the aviation and cruise tourism sectors, as well as have Vietnamese companies dual-list here. Minister for Trade and Industry Lim Hng Kiang and Vietnam’s Minister of Planning and Investment Vo Hong
      237 words
    • 510 9  -  Trust is the key, says consultancy firm By TIMOTHY SEOW A “trust” model may not sound like a novel way to boost your company’s sales performance, but add psychology to the mix, and you may just be onto something new. “I think we're the
      510 words
  • Page 9 Advertisements
    • 17 9 60,000 Hotels Worldwide Best Rates Instant confirmation www.luxury.com.sg Luxury Tours Travel Pte Ltd Tel: 6733 2808*6235 1911
      17 words
    • 207 9 i mageRUNNER ADVAN C E Canon Delighting You Always advanced Environmental responsibility advanced file conversions advanced adobe integrations advanced storage 7^ advanced integration to enterprise sgstems advanced secority advanced remote operations O advanced scanning -A3 advanced authentication m advanced image quality Advanced made simple for you. What is the new
      207 words

  • VIEWS FROM THE TOP
    • 2855 10 THIS WEEK’S TOPIC How do you see Singapore’s interest rates moving over the rest of the year? How will higher interest rates affect the economy, and your industry and organisation in particular? Bill Foo CEO ANZ Singapore INTEREST rates are likely to rise gradually in
      THE STRAITS TIMES FILE PHOTO  -  2,855 words

  • Page 11 Advertisements
    • 416 11 10 20 30 <*0 vstii V At. V Supported by: SPRING Singapore Enabling Enterprise Organised by: PROFESSIONAL DEVELOPMENT BE AT THE HELM OF CHANGE Anyone can steer the ship, but it takes a leader to chart the course. In the advent of the global economic recovery, CEOs must take the
      416 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 894 12  -  Businesses can use social media to expand reach, fuel new offerings and find more revenue channels, says ANOL BHATTACHARYA ANOL BHATTACHARYA The writer is the director and CEO of GetIT Comms, a company that develops and implements marketing programmes, campaigns and projects for B2B
      894 words
    • 1318 12  -  The team members relate their exciting but nerve-racking moments to TIMOTHY SEOW CAMPUS LIFE TIMOTHY SEOW THE idea for an Asian-style Stock Pitch Competition did not begin in Singapore, nor anywhere in Asia for that matter. Instead, it began in the bustling city of New
      1,318 words
  • Page 12 Advertisements
    • 45 12 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

  • ECONOMY WATCH
    • 591 13 Dissent over maintaining low rates emerged at last meeting in Jan AFP [WASHINGTON] The US Federal Reserve’s policymakers are expected to maintain benchmark interest rates at virtually zero per cent at their meeting this week amid intense debate on how soon the central
      AFP  -  591 words
    • 600 13 He also sees global growth to be 4% in 2010 and 2011 Bloomberg [WASHINGTON] US Treasury Secretary Timothy Geithner, offering his most optimistic outlook on the economic recovery to date, predicted on Friday the United States will rebound from the recession faster and
      Bloomberg; BLOOMBERG  -  600 words
    • 245 13 Bloomberg [WASHINGTON] US federal agencies are having trouble distributing stimulus money as fast as expected because they don’t have enough employees to award contracts and grants and monitor the recipients, according to a government study. A report by the Commerce Department’s inspector-general said stimulus programmes
      Bloomberg  -  245 words
  • Page 13 Advertisements
    • 145 13 •■m r J SINGAPORE HEALTH VAWARD Get ready to be recognised for excellence in workplace health. m.: 10th Anniversary 83 V.S V 3M -s £&Ssig§l 3t^ b, •i MSI' =<r K M 3S? KS -r' --v mi s£ •if: fF"<.<a fS£$ S« gfess^®? «~v" *Wi>g! V"v^C: V hS>» *s*v 3SEtfiS£>
      145 words

  • MALAYSIA/INDONESIA
    • 787 14  -  Flip-flops over reforms are driving foreigners to put investment plans on hold MALAYSIA INSIGHT PAULINE NG KL Correspondent MALAYSIA’S postponement of a series of proposed measures over the past few weeks has raised eyebrows. The latest was a decision last week to defer the
      787 words
    • 438 14 Reuters [HONG KONG] Standard Poor’s raised Indonesia’s foreign currency debt rating last Friday to two notches below investment grade, citing improving government finances, sending yields on the country’s 10-year bonds to a two-year low. Indonesia, South-east Asia’s biggest economy, has been a hot destination for
      Reuters  -  438 words
    • 168 14 AFP [KUALA LUMPUR] Malaysia’s 112-year-old colonial landmark, the Carcosa Seri Negara, has been handed a stay of execution, the hotel’s manager said yesterday. The Carcosa closed its doors at the end of last year after the government opened bids to redevelop the boutique hotel,
      AFP; PHOTOS: AFP  -  168 words
    • 2075 14 VOL Mar 12 RM +/-(‘000) A M Realty 0.70 -0.02 16 Abric Bhd 0.20 unch 0 Advance Synergy 0.15 -0.01 317 Adventa Bhd 3.51 0.03 593 Ae Multi Hldgs 0.68 -0.06 ***** Affin Holdings 2.85 unch 3813 Ahmad Zaki Resou 0.90 -0.01 109 Aic Corp 0.66 0.02 99
      2,075 words
  • Page 14 Advertisements

  • Page 15 Advertisements
    • 3290 15 MANDATORY UNCONDITIONAL CASH OFFER by PRIMEPARTNERS CORPORATE FINANCE PTE. LTD. (Company Registration No.: *****7389D) (Incorporated in the Republic of Singapore) for and on behalf of CAL-COMP ELECTRONICS (THAILAND) PUBLIC COMPANY LIMITED (Company Registration No.: **********023) (Incorporated in Thailand) to acquire all the issued and paid-up ordinary shares in the capital
      3,290 words

  • GREATER CHINA/INDIA
    • 923 16 Wen blames US for recent ‘serious disruption’ in bilateral relations Reuters [BEIJING] Chinese Premier Wen Jiabao yesterday spurned foreign calls for the yuan to rise and showed no let-up in scolding the United States over recent bilateral tensions. Mr Wen said calls from the
      Reuters; REUTERS  -  923 words
    • 623 16 AFP [MUMBAI] India’s Tata Nano was launched last year with great fanfare as a 100,000 rupee (S$3,060) vehicle a round number that neatly encapsulated its status as the world’s cheapest car. But analysts say parent group Tata and its chairman Ratan Tata
      AFP  -  623 words
    • 482 16 The central bank will act on its plans, says governor Bloomberg [BEIJING] China’s higher-than-expected inflation data has not altered the central bank’s policy plans, bank governor Zhou Xiaochuan said yesterday. The central bank’s interest rate stance is mainly based on the outlook for
      Bloomberg  -  482 words
    • 583 16 Reforms, implementation of GST needed to keep up momentum: analysts Reuters [NEW DELHI] Growth in Indian industrial output eased in January, as forecast after a record expansion in December, and analysts said it could ease further following moves to withdraw stimulus
      Reuters  -  583 words

  • ASIA-PACIFIC/WORLD
    • 947 17 Some analysts are now debating the possibility of an internal split in EU AFP [PARIS] The debt crisis in Greece is unleashing turmoil that analysts say could shake the eurozone to its foundations, even turning it from a castle of great expectations into a
      AFP  -  947 words
    • 635 17 Discussions seen setting framework for TPP negotiations AFP [MELBOURNE] Officials from eight Pacific Rim countries are meeting in Australia for tough negotiations which could potentially reshape regional trade relationships. The five-day talks, which kick off in Melbourne today, bring together senior diplomatic
      AFP  -  635 words
    • 471 17 Reuters [WASHINGTON] A bipartisan financial regulation reform bill could still be worked out in the US Senate, despite a breakdown in negotiations, key Republicans said in a letter obtained by Reuters on Saturday. The entire Republican membership of the Senate Banking Committee wrote to
      Reuters  -  471 words
    • 711 17  -  It plans to return to the six-party talks as early as next month By ANTHONY ROWLEY NORTH Korea is preparing to open a “Great Gate” to the outside world, according to Korea watchers in Japan. This could lead to the reclusive
      711 words
  • Page 17 Miscellaneous
    • 40 17 1 v. to to i 11 FTvTl JACKPOT 1,500,000TODAY Sales Close at 6pm Draw at 6.30pm at PoMo Ip Y(i> Always play with care. [responsibiyy Do not bet illegally. RCB Reg No: *****0202G Towards Community Purpose and Benefit SINGAPORE m
      40 words

  • FORMULA ONE
    • 706 18 He leads Massa to a Ferrari 1-2 finish on his debut for the Prancing Horse AP [SAKHIR, Bahrain] Fernando Alonso won Sunday’s season-opening Bahrain Grand Prix to lead a Ferrari 1-2 on his debut for the Italian Formula One team. The Spaniard passed teammate Felipe Massa
      AP  -  706 words
    • 624 18 AFP [KUALA LUMPUR] When Malaysian aviation tycoon Tony Fernandes came from nowhere to launch budget carrier AirAsia with just two planes in 2001, the industry heavyweights laughed at him. A decade later and AirAsia is the region’s fourthbiggest carrier with 25 million
      AFP  -  624 words
  • Page 18 Advertisements
    • 1268 18 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Q China Lifestyle Food and Beverages Group Limited (Incorporated in Bermuda on 4 May 2004) (Company Registration No. *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT a Special General Meeting of China Lifestyle Food and Beverages Group Limited (the "Company")
      1,268 words
    • 324 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BEAR STEARNS SINGAPORE MANAGEMENT PTE. LTD. (In Members' Voluntary Liquidation) CO. REG. NO. *****7086D Extract of the Minutes of an Extraordinary General Meeting of BEAR STEARNS SINGAPORE MANAGEMENT PTE. LTD. signed by the Representative of the
      324 words
    • 225 18 Howto run a business without running out of ideas. MAGAZINE Daughters of i a better age Replicating might IIf il SPRING II '"I March-April Issue Out Now! Can SHE do better? With women getting equal education opportunities, we feature daughters who are proving themselves competent enough to take upthe reins
      225 words

  • WORLD
    • 978 19 Concern that Washington’s attempts at regulation may be undermined by weaker efforts elsewhere LAT-WP [WASHINGTON] A feud between the United States and Europe has cast doubt on the likelihood of a comprehensive global response to the financial crisis that nearly sparked a worldwide
      LAT-WP  -  978 words
    • 818 19 Ernst Young in tough spot over Lehman audit Examiner says it did not challenge firm’s accounting gimmicks LEHMAN FALLOUT Reuters [NEW YORK] Ever since the fraud at US energy trader Enron Corp brought down accounting firm Arthur Andersen eight years ago, global auditing firms have worried that a major misstep
      Reuters; AP  -  818 words
    • 696 19 NYT [NEW YORK] They were considered the dregs of Lehman Brothers “bottom of the barrel,” as one banker put it. But as Lehman executives tried to keep the floundering bank afloat in 2008, they used these troubled investments to raise quick
      NYT  -  696 words
    • 337 19 Reuters [OXFORD] Staff of Britain’s financial watchdog will pose as mystery shoppers to check that banks and insurers are not mis-selling mortgages, life policies and pensions. Fallout from the financial crisis and several mis-selling scandals Equitable Life, personal pensions, product insurance
      Reuters  -  337 words
    • 323 19 Bloomberg [SANTIAGO] Chilean President Sebastian Pinera plans to tap copper savings funds and may borrow abroad to pay for the estimated US$30 billion cost of repairing damage caused by the 8.8 magnitude earthquake that struck the country on Feb 27. More than
      Bloomberg  -  323 words
    • 510 20 This would resolve dispute over tax-evading clients, says bank TAX WOES NYT [NEW YORK] Swiss banking giant UBS has stepped up its lobbying to pass a treaty with the United States that would resolve a dispute over tax-evading clients, amid
      NYT  -  510 words
    • 704 20 Reuters [WASHINGTON] The revelation that an ex-employee of HSBC Holdings plc stole tens of thousands of its Swiss accounts is likely to give US tax authorities fresh clues in their pursuit of wealthy tax cheats abroad. HSBC on Thursday said
      Reuters; AP  -  704 words
    • 610 20 Bloomberg [NEW YORK] Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc who pays the company for postage and personal phone calls, received a US$100,000 salary for the 29th straight year as he arranged a US$27 billion acquisition. Berkshire’s shareholder equity, a measure of assets
      Bloomberg  -  610 words
    • 931 20 NYT [NEW YORK] Men and women invest differently, a growing body of research has found. And in at least one important respect, women may be better at it. The latest data comes from Vanguard, the mutual fund company. Among
      NYT  -  931 words


  • AVIATION/SHIPPING
    • 612 21 7-day action after talks about pay and lower staffing levels break down Bloomberg [LONDON] British Airways plc’s (BA) 12,000 flight attendants will strike for seven days starting on March 20 after talks about pay and lower staffing levels broke down. Cabin crew will stage an
      Bloomberg; AP  -  612 words
    • 439 21 AP [HELSINKI] A strike by Finnish dock workers continued for a second week on Friday as unions and employers failed to solve a labour dispute that has closed ports, crippled foreign trade and is costing the country 100 million euro (S$191.7 million) a day.
      AP  -  439 words
    • 281 21 SGX '000 Mar 12 S$ +/-Vol CH Offshore 0.65 unch 889 Chuan Hup Hldgs 0.30 unch 92 Cosco Corp 1.23 -0.03 ***** CWT Ltd 1.01 unch 1456 Ezra Hldgs 2.41 -0.03 990 First Ship Lease 0.61 0.01 1206 Freight Links 0.05 unch 10 Grand Banks 0.41 0.01 5
      281 words
    • 408 21 Officials from 17 countries, HK, ICAO attend Tokyo meet AFP [TOKYO] Asia and Pacific nations vowed on Saturday to fight emerging terror threats to commercial aircraft by boosting international security standards and measures, including screening technology. The declaration was made in Tokyo at a
      AFP  -  408 words
    • 2926 21 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 LH9761
      2,926 words
  • Page 21 Miscellaneous
    • 319 21 CRYPTIC CROSSWORD Across 1 Outstanding wealth (7) 5 Radicals protecting revolutionary paper get greetings (7) 9 Dimwit with sheet stupidly to conform (4,4,3,4) 10 A longing something that could be dropped? (5) 11 Public row simmering about European to grow excessively? (9) 12 Ready to drop tax due? He’s crafty
      319 words

  • DINING OUT
    • 574 22  -  NEW RESTAURANT Chef Daniel’s Kitchen #07-02 Iluma, 201 Victoria Street Tel: 6509-9888 Audrey Phoon THERE have been more than a few rooftop restaurants opening lately, all of which say they are catering to the executive crowd. Of these, none has picked a more unlikely building to
      574 words
    • 851 22  -  NEW MENU Coast 1 TwentySix 902 East Coast Parkway #01-26 Playground Big Splash Singapore. Tel: 6348 2126 By Cheah Ui-Hoon FOR such a choice location at East Coast Parkway, 1 TwentySix under the One Rochester Group certainly took a while to get its food
      851 words
    • 234 22  -  GUEST CHEF Les Amis #02-16 Shaw Centre 1 Scotts Road. Tel: 6733-2225 By AUDREY PHOON SAMPLE a Michelin-starred taste of Japan at Les Amis next week. From March 26 to 27, the fine-dining establishment is hosting Naoto Kishimoto, resident chef of the one-Michelin-star L’Embellir restaurant
      234 words
  • Page 22 Advertisements
    • 216 22 WINE DINE AND HOSPITALITY n A BOUTIQUE HOTEL escr& get all stimulated at lunch with our fresh bold flavours at modest prices. There's never been a better time to boost your culinary pleasure levels. 'Two to Tango' $26++ Choice of an appetizer and entree or an entree and a dessert.
      216 words

  • SINGAPORE STOCKS
    • 9408 23 Week ended: Mar 12 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 unch 462 17 16.5 16.5 17 1.7 11 5.3 79 10 2.5 5834 A-Sonic
      9,408 words
    • 1857 24 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 t AA Grp 5.5 4.5 5.5 30.6 5.3 25 12 8538 t APStrategic 15.5 13.5 14 91.5 4 1
      1,857 words
    • 540 24 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 $mil 111 107 6389 ABF SG Bond ETF 109.5 -0.9 20 109.5 109.5 109.4 110 499.8 847 438 CIMBAsean40 100US$ US847 +28 785 847 821
      540 words
    • 265 24 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 $mil 56 24 6000 AVJennings A47.5 +0.5 8 47.5 46 47 50 3.6 7.4 3.8 123.7 31 6.5 6017 Genting HK US$ US20.5 +2 *****
      265 words
    • 117 24 Stock name Close Change Stock name Close Change Stock name Close Change CapitaLand 3.930 +0.040 CapitaMall 1.840 -0.020 CityDev 10.460 +0.140 ComfortDelGro 1.570 +0.020 Cosco Corp 1.230 -0.030 DBS Grp 14.300 +0.120 F&N 4.480 +0.010 Genting SP 0.930 +0.005 Golden Agri 0.565 -0.015 HK Land 4.930
      117 words
    • 186 24 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 13 2 3 0 0 0 13 2 3 Manufacturing 113 64 62 13 10 20 126 74 82 Commerce 40 14 29 6 5 9 46 19 38 Tpt/Stor/Comms 31 7 6
      186 words
    • 121 24 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 104,648 104,648 384,092 384,092 Manufacturing 1,792,035 86,750 1,878,785 1,099,159 4,029 1,103,188 Commerce 485,538 56,267 541,805 663,852 21,633 685,485 Tpt/Stor/Comms 632,162 8,285 640,447 1,173,048 1,488 1,174,536 Finance 127,860 127,860 967,704 967,704 Construction 223,879 55,736 279,615 74,312
      121 words
    • 2698 24 Transaction date: Mar 12 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 Credit 6.39 0.04 0 Aeon Stores 13.50 unch 0 Angang Steel 14.82 -0.10 3824 Anhui Conch 50.85 unch
      2,698 words

  • Page 24 Advertisements
    • 26 24 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 TIMES
      26 words

  • FINANCE & COMMODITIES
    • 365 25 In local curr In S$ In US$ dy yr dy yr dy yr Mar 12 Index Change Change Change Change Change Change World Index Preliminary 853.1 0.1 2.5 0.2 0.9 0.4 1.6 EAFE Preliminary 798.5 0.3 1.7 0.5 -1.1 0.7 -0.4 Europe Preliminary 1145.1 0.2
      365 words
    • 132 25 Mar 12 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2680 1.3070 Can dollar 1.3570 1.3730 Euro 1.9010 1.9240 NZ dollar 0.9700 0.9910 Sterling pound 2.0930 2.1180 US dollar 1.3900 1.4060 Local dollars to 100 units of foreign
      132 words
    • 180 25 Mar 12 $S Offer Bid Overnight 1/8 1/16 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 0.08 US$ Offer Bid 7 days 0.23 0.18 1 month 0.29 0.24 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
      180 words
    • 29 25 Mar 12 Open High Sett STI Mar 2880 2881 2876 SIMSCI Mar 342.3 344.0 342.1 Taiwan Mar 278.3 279.6 277.9 Source: MF Global (S) Pte. Ltd
      29 words
    • 24 25 Mar 12 S$ Bid Offer 1-month 1.3955 1.3969 2-months 1.3957 1.3971 3-months 1.3959 1.3972 6-months 1.3964 1.3978 Source: OCBC Source: OCBC
      24 words
    • 66 25 Mar 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 10 2660 2670 2663 2660 46 287 Apr 10 2657 2660 2661 2634 1522 9574 May 10 2643 2649 2650 2620 ***** ***** Jun 10 2620 2631
      66 words
    • 365 25 Mar 12 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar10 99.7400 0 4600 Jun10 99.6200 0 3997 Sep10 99.4200 0 2760 Dec10 99.1150 0 1643 EUROYEN TIBOR FUTURES Mar10 99.5550 99.5650 99.5550 99.5600 438 5668 Jun10 99.5700 99.6300 99.5700 99.6300 144 2802 Sep10 99.6450 99.6450 99.6450
      365 words
    • 182 25 Mar 12 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Apr 10 328.5 328.5 328.5 8 670 May 10 326.0 326.0 326.0 10 682 Jun 10 325.0 780 Jul 10 324.0 380 Aug 10 321.0 230 Sep 10 318.5
      182 words
    • 84 25 Mar 12 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 10.06.2010 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 104.28 104.31 104.31 5-Year N*****0N 1.375 01.10.2014 100.30 7-Year N*****0S
      84 words
    • 107 25 Mar 12 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 10 926.00 925.50 936.00 924.00 May 10 925.50 930.50 938.00 923.00 Jul 10 933.50 939.00 945.75 931.50 Aug 10 933.00 937.75 943.50 931.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 10 39.05 39.82 40.10
      107 words
    • 77 25 CRUDE OIL PRODUCTS Mar 11 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 80.51 -0.85 WTI (Near Mth) 82.21 0.30 Dubai (1-Mth F) 78.88 0.39 Tapis blend 84.10 0.20 Minas 82.35 0.55 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 81.28 1.28 Jet Kerosene 88.30 1.00 US$/barrel Opec Oil
      77 words
    • 2694 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2.5 1 15 13 6.20 50 4085 ASJ Hldgs W*****1 2 0.5 1222 1 4 9 2.75 23 2036 Advance SCT Ltd W*****9 0.5 1 87
      2,694 words
    • 465 25 Mar 12 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.938 6.258 0.669 7.113 41.721 83.938 0.831 10.345 3.032 1.307 77.080 41.863 1.280 6.778 0.978 29.117 29.931 0.609 0.917 Canada 1.066 6.672
      465 words
    • 85 25 Mar 12 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • 154 25 Mar 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2790 1.2809 0.9166 0.9171 Canadian dollar 1.3636 1.3656 0.9772 0.9777 Euro 1.9113 1.9133 1.3697 1.3699 NZ dollar 0.9782 0.9798 0.7010 0.7015 Sterling pound 2.1019 2.1045 1.5063 1.5068
      154 words
    • 138 25 Mar 12 GOLD (US$/oz) Mar 11 Mar 12 Hong Kong 1108.90 1114.70 Mar 12 Mar 11 London 1108.70 1104.40 1109.50 1105.20 Source: Thomson Reuters CAST BAR Mar 12 (S$) Selling Buying Kilobar "53,599.51" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 119.84 50 5gm 341.33 250 10gm 608.83
      138 words
    • 69 25 Mar 12 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2229.95 2205.30 3 months 2260.50 2235.00 Copper, Grade A (US$/tonne) Cash 7412.00 7431.25 3 months 7445.00 7464.00 Lead (US$/tonne) Cash 2239.75 2225.25 3 months 2265.00 2251.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • 77 25 Mar 12 COCOA (£/tonne) Close Prev High/Low Mar 10 2203 2171 2211/2163 May 10 2230 2191 2236/2178 Jul 10 2226 2183 2229/2168 Sep 10 2172 2147 2175/2132 COFFEE (US$/tonne) Close Pev High/Low Mar 10 1203 unch 1217/1198 May 10 1227 1237 1250/1223 Jul 10 1261 1271 1285/1258 SUGAR (US
      77 words

  • 6647 26 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.
    6,647 words
  • Page 26 Advertisements
    • 27 26 Shipping lines seeking reliable logistics partner*; TO ADVERTISE, JOE WONG AT 9620 1 Can they find your services here in -the Shipping THE BUSINESS TIMES SHIPPING TIIVIES
      27 words

  • Page 27 Advertisements

  • BizIT
    • 479 28  -  Contract with the Sentosa IR one of the largest for the vendor in the region, reports ONG BOON KIAT ONG BOON KIAT NEC Asia, the Sin-gapore-based IT services subsidiary of Japanese electronics giant NEC Corporation, has bagged its second deal at Resorts
      AP  -  479 words
    • 210 28 AP [HELSINKI] Nokia Corp on Friday revised its global market share estimate for mobile phones in 2009 to 34 per cent, from an earlier 38 per cent, and said it expected no growth this year. The revision was due to more accurate
      AP  -  210 words
    • 352 28 AFP [SYDNEY] Australia yesterday defended its plan to block some Internet content, such as that featuring child sex abuse or advocating terrorism, after a media rights watchdog warned it may hurt free speech. The Paris-based Reporters Without Borders (RSF) on Friday listed Australia, along with
      AFP  -  352 words
    • <what’s up>
      • 92 28 SAVVIS has introduced a new service that will allow companies to deploy basic storage and computing resources without having to make their own IT investments. Called Savvis Symphony Open, these services will now be available in Asia-Pacific through the firm’s Singapore data centre.
        92 words
      • 86 28 SONY Ericsson has launched a new phone aimed at consumers who like their gadgets clean and simple. Its new Xperia Pureness is touted to be the world’s first handset to have a transparent liquid crystal display. In addition, the phone’s keypad is usually hidden
        86 words
      • 100 28 CHIP giant Globalfoundries has promoted Raj Kumar to be the senior vice-president of its 200mm Business Unit. In his new role, he will oversee the company’s five local fabs that specialise in 200mm semiconductor production processes. Besides the new role, Mr Kumar concurrently serves as
        100 words
      • 94 28 CREATIVE Technology continues to ride on the iPhone craze with the launch of the HS-930i, a sleek, lightweight headset tailored for Apple’s touchscreen handset. The HS930i allows users to answer phone calls while listening to music tracks with the click of a button. In addition, consumers
        94 words
      • 101 28 DELL has taken the wraps off the Vostro 3000, a new line of lightweight notebooks targeted at small businesses. The new laptops, which come in screen sizes of 13 and 14 inches, support the latest Intel processors, including its i7 Quad Core product.
        101 words
      • 112 28  -  Compiled by WINSTON CHAI CANON has introduced the imageRunner Advance, a new line of copiers offering enhanced print quality and ease-of-use. The company has introduced three different models under the new line-up. The C5000 series is designed for general office use and boasts of
        112 words
    • 505 28 NYT [NEW YORK] High-speed data communication isn’t so speedy by the time it reaches your video player or smartphone. Lasers may send information flying in tiny bursts of light through optical fibres across oceans and cities. But you’re still in the electronic slow lane when
      NYT  -  505 words
    • 417 28 Xinhua [BEIJING] The idea in a world even everyday objects such as books and air conditioners are plugged into a network Internet of Things, seems like a scenario from a science-fiction movie. China is tapping into such a world. In Wuxi City of
      Xinhua  -  417 words
    • 652 29  -  IDA and MDA have roped in 11 execs from the media and telco industry By WINSTON CHAI LOCAL authorities have taken another major step towards developing a universal pay-television box with the establishment of a new industry committee to determine the various technology standards to
      652 words
    • 432 29 AP [CARACAS, Venezuela] Venezuelan President Hugo Chavez called for regulation of the Internet on Saturday while demanding authorities crack down on a critical news website that he accused of spreading false information. In a televised speech, Mr Chavez said: “The Internet can’t
      AP  -  432 words
    • 799 29  -  By AMIT ROY CHOUOHURY WITH a number of significant wins from Singapore public sector customers, German software major SAP registered a “stellar” performance in South-east Asia in the fourth quarter of last year, according to its new Asia boss. Speaking
      799 words
    • 234 29 Bloomberg [NEW DELHI] Cisco Systems Inc, the biggest network-equipment maker, plans to boost its workforce in India faster than anywhere else to meet surging data traffic. The total number of employees in India is projected to rise to 10,000 from about 6,000
      Bloomberg  -  234 words
  • Page 28 Advertisements

  • Page 29 Advertisements
    • 270 29 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 Q s NANYANG EXECUTIVE MBA Global Leadership for the Asian Century The Business School's flagship MBA programme is #27 in the Financial Times 2010
      270 words

  • Page 30 Advertisements
    • 47 30 HITACHI. THE ROOTS FOR A GREENER WORLD. a™ "Hmi mm 1^: ■r~; HITACHI COMPACT MBR RO SYSTEM Recycles wastewater Multiple uses for treated water Effectively cleans up industrial discharge At Hitachi, you will discover eco-friendly values across a diverse technology range. TECHNOLOGY*"^ www.hitachi.com.sg/roots HITACHI Inspire the lMext
      47 words