The Business Times, 16 March 2010

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Total Pages: 32
1 32 The Business Times
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  • Title Section
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    22 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Tuesday, March 16,2010
    22 words
  • Article
    Lock icon Dr M’s U-turn as STT buys into U Mobile
    679 1  -  Ex-PM who nixed previous telco deals sings a new tune By PAULINE NG SINGAPORE Technologies Telemedia (ST Telemedia or STT) has entered into definitive agreements to acquire 33 per cent of Malaysia’s smallest mobile phone operator, U Mobile Sdn Bhd, for
    679 words
  • Article
    Lock icon Banner Q1 on the cards as new homes keep on selling
    1035 1  -  Strong momentum continued through February and more launches are expected this month By UMA SHANKARI [SINGAPORE] The number of new private homes sold in January and February 2010 has already outstripped that for the whole of Q1 2009, official
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  • Article
    Lock icon MARKETS DIGEST
    141 1 ST INDEX 2,874.33 (-7.03) ST INDEX FUTURES 2,869 (-7) SIMSCI 340.54 (-1.65) SIMSCI FUTURES 338.60 (-3.50) FOREX US$ S$ US$ (S$ per US$) 1.397 (US$/S$ per 1.516 2.117 EURO (US$/S$/E) 1.374 1.920 Foreign currency per US$ S$ YEN 90.70 64.90 RM 3.317 2.374 HK$ 7.759 5.554 BAHT 32.58
    141 words
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      185 1 TEMASEK Michael Dee steps down as senior MD BANGKOK Thai PM rejects ultimatum OPINION India Budget on the right track PAGE 25 COMMENTARY The madness of SingTel’s BPL offensive PAGE 3 PAGE 2 PAGE 4 Inc The greening of the bottom line PAGE 9 Viking Offshore eyes listing on the
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  • TOP STORIES
    • Article
      Lock icon As productivity starts rising, so does job-hopping
      636 2  -  Q4’s 3% labour productivity increase is the first rise in nine quarters By CHUANG PECK MING [SINGAPORE] Even before the National Productivity and Continuing Education Council gets down to work, there’s already good news on the productivity front. Labour productivity rose 3 per
      636 words
    • Article, Illustration
      Lock icon Michael Dee steps down as Temasek senior MD
      437 2  -  By CONRAD TAN [SINGAPORE] Michael Dee, a senior managing director at Temasek Holdings, will step down from his post on April 30 after less than two years on the job, but will retain an advisory role until the end of the year,
      FILE PHOTO  -  437 words
    • Article
      Lock icon Bill set to give US Fed fresh powers
      730 2 Senator Dodd’s bill leans heavily on Fed to fix financial woes Reuters [WASHINGTON] The Federal Reserve would gain new powers over non-bank financial firms and keep much of its authority over banks under a new bill that was to be unveiled yesterday
      Reuters  -  730 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      638 2 Banner Q1 on the cards as new homes keep on selling THE number of new private homes sold in January and February 2010 has already outstripped that for the whole of Q1 2009, official data shows. Developers sold 1,196 units in February down 19 per cent month-on-month from
      638 words
    • Article, Illustration
      Lock icon Thai PM rejects ultimatum; grenades injure 2 soldiers
      607 3  -  Anti-govt protesters march on army barracks housing prime minister By LEE U-WEN FOUR grenades exploded at a military base in Bangkok yesterday, wounding two soldiers, as tens of thousands of anti-government protesters besieged another army barracks where Thai Prime Minister Abhisit Vejjajiva
      AFP  -  607 words
    • Article
      Lock icon Temasek in talks for rural banks in China
      462 3 Sources say Temasek, Bank of China could invest up to 20b yuan Bloomberg [BEIJING] Bank of China and Temasek Holdings may invest as much as 20 billion yuan (S$4 billion) to build a rural-banking business in China, said two people with knowledge
      Bloomberg  -  462 words
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      631 2 KPMG KPMG Seminar Series SINGAPORE Credit Derivatives Giving Credit where credit's due Dates 22-23 April 2010 Time 9.00am to 5.00pm Venue Orchard Hotel Singapore Seminar Fees Client S$918 per participant KPMG Alumni SS918 per participant Non-client SS1048 per participant Group discounts are available for multiple sign-ups from the same organisation:
      631 words
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      37 3 L_ asl Mil PATEK PHILIPPE GENEVE Begin your own tradition You never actually own a Patek Philippe. You merely look after it for the next generation. Nautilus Ref. 5712/1 A, Nautilus cufflinks. patek.com Tel: (65) 6732 1506
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  • COMPANY NEWS
    • Article
      Lock icon Religare takes second UBS hire
      348 4 Bloomberg RELIGARE Enterprises Ltd, Indian billionaire Malvinder Singh’s financial-servic-es company, hired Sutha Kandiah as head of global equity capital markets, the second former UBS AG banker to join the firm last week. Mr Kandiah, who was UBS’s co-head of equity capital markets in Asia, will
      Bloomberg  -  348 words
    • Article, Illustration
      Lock icon SingTel’s BPL bid cast in a different light
      880 4  -  HOCK LOCK SIEW By WINSTON CHAI SINGTEL’S BPL (Barclays Premier League) victory is widely seen as the goal it needed to start challenging incumbent StarHub. While that is undoubtedly true for the short term, the ultimate aim behind its willingness to pay
      REUTERS  -  880 words
    • Article, Illustration
      Lock icon Better Feb for SIA with passenger, cargo loads up
      417 4  -  By VEN SREENIVASAN RISING demand and reduced capacity helped Singapore Airlines (SIA) fill more seats in February. The airline’s passenger load factor rose 10.2 percentage points to 79.9 per cent, from 69.7 per cent a year earlier. This was due to
      BLOOMBERG  -  417 words
    • Article
      Lock icon Cosco bags US$500m rigbuilding contract
      414 5  -  Newbuilding for Sevan Drilling slated for delivery in first quarter of 2012 By VINCENT WEE MAKING up somewhat for several order cancellations and delivery postponements in the past month, Cosco Corp (Singapore) yesterday bagged its first big order of the year a US$500 million-plus rig
      414 words
    • Article, Illustration
      Lock icon Chip Eng Seng buys A$20m site in Melbourne
      377 5  -  By EMILYN YAP CHIP Eng Seng Corporation has extended its footprint overseas with the purchase of a A$20.2 million (S$25.8 million) site in Melbourne. The deal is considerable when it is seen against the property and construction firm’s net profit of $75.3
      377 words
    • Article
      Lock icon Noble eyes coal mines, ports to fuel growth
      667 5 The group aims to double profit to US$1 bin three years Bloomberg [HONG KONG] Noble Group Ltd, the commodity supplier backed by China Investment Corp, wants to buy and build coal mines, ports and plantations to benefit from rising Asian demand, chief
      Bloomberg  -  667 words
    • Article
      Lock icon Healthway gets IFC funding for China plan
      447 7  -  IFC to hold stake in Healthway as part of US$25m financing package By KAREN NG HEALTHWAY Medical has roped in International Finance Corporation as a shareholder, with an agreement to place out shares for the equivalent of US$10 million to fund its China
      447 words
    • Article
      Lock icon Juken shareholders approve purchase of Swatch plants
      368 7  -  By JASLENE PANG JUKEN Technology has secured shareholder approval to buy manufacturing facilities from The Swatch Group of Switzerland for 4.6 million Swiss francs (S$6.1 million). The acquisition, the company said yesterday, will turn it into a world-ranked producer of stepper motors and
      368 words
    • COMPANY BRIEFS
      • Article
        Lock icon Global Yellow Pages in deal with MediaCorp
        42 7 GLOBAL Yellow Pages Ltd has tied up a licensing deal with MediaCorp Pte Ltd. The non-exclusive agreement lets MediaCorp reproduce and/or use Global’s data on its online classified advertising platform Mocca on a revenue-sharing arrangement.
        42 words
      • Article
        Lock icon USS tickets available at Asiatravel.com
        48 7 AHEAD of Universal Studios Singapore’s opening to the public on March 18, Asiatravel.com has launched its online sales of admission tickets and online all-inclusive instant confirmation travel packages to the new attraction. These are also available on its B2B platform for travel agents.
        48 words
      • Article
        Lock icon Bank of S’pore appoints exec director
        54 7 BANK of Singapore has appointed Derrick Tan as South-east Asia executive director reporting to South-east Asia regional head Bahren Shaari. Mr Tan started his career with the Commercial Crime Investigation in the Singapore Police Force before making a successful career move to banking with
        54 words
      • Article
        Lock icon Noble Group gives 6-for-11 bonus issue
        45 7 NOBLE Group is rewarding its shareholders with a 6-for-11 bonus share issue. It has received approval to list 2.21 billion new shares for this purpose. Book closure date for the issue will be announced later, subject to shareholders’ approval.
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    • Article, Illustration
      Lock icon DBS and its Universal draw
      185 7  -  By ARTHUR LEE ABOUT 2,000 DBS clients have been invited to the Universal Studios theme park on Sentosa. And most were enthralled by the attractions and rides. Woody Woodpecker, Marilyn Monroe, Kung Fu Panda and other impersonators proved a big hit for those seeking album
      ARTHUR LEE  -  185 words
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      1295 4 MATS NOTICES I ROXY-PACIFIC HOLDINGS LIMITED Registration No. *****0135Z (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Roxy-Pacific Holdings Limited (the "Company") will be held at Roxy Room 1 2, 4th Floor Grand Mercure Roxy Hotel, Marine
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      142 5 11 11 ii i r ii 0 aJ <0 n > Q *S I'! Th mmrm mmm 1 c World's Finest Serviced Offices Cost effective office and IT solutions Best address, best receptionist, best support Flexible lease terms starting at just one month All for less than the cost of
      142 words
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      193 5 60 countries to research and trade $4 billion in positions to finance 1 integrated solution needed One Credit Suisse investing in you Credit Suisse Equities A sophisticated infrastructure to handle your trades. The skills to help you raise capital or hedge risk. The rigorous analysis you rely on, backed by
      193 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Expect volatility to rule the day
      562 6  -  ‘China factor’ will loom large occasionally while situational and newsflow-driven stocks will hog limelight STOCKS VEN SREENIVASAN Senior Correspondent AFTER a positive start in early trading, stocks in Singapore fell in tandem with the region on fears that China was poised to implement another
      Source: Bloomberg  -  562 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 6 Mar 15 VALUE CLOSE BT OB/OS 166.00-204.00 BT CADI -*****.00 -35.00 BT 10-day MA -*****.00 +17.00 FTSE ST Mid Cap 692.75 -0.43 FTSE ST Small Cap 547.21 -0.67 FTSE ST All Share 709.31 -1.49 FTSE ST China Top 280.81 +0.72 FTSE ST China 299.38 +0.83 FTSE ST
      65 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 6 3 0 0 0 6 6 3 Manufacturing 55 62 61 3 6 11 58 68 72 Commerce 27 17 22 0 4 6 27 21 28 Tpt/Stor/Comms 11 14 18
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    • Article
      Lock icon BROKERS’ TAKE
      412 6  -  Compiled by LYNETTE KHOO Telecom sector CIMB-GK, March 15 MAINTAIN Underweight: The Media Development Authority of Singapore (MDA) has announced that qualified pay-TV licensees would have to cross-carry one another’s exclusive content that has been acquired or renewed on an exclusive basis on or after March 12, 2010.
      412 words
    • Article, Illustration
      Lock icon ST Index may be mildly overbought
      259 6  -  CHART POINT By KEN TAI Senior Technical Strategist KELIVE RESEARCH (Part of the Kim Eng Group) THE Dow Jones Industrial Average is now hovering near the upper boundary of the rising wedge pattern that we highlighted in last week’s Chart Point column. If the
      Source: Bloomberg  -  259 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      120 6 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 13,972 13,972 62,835 62,835 Manufacturing 256,760 7,442 264,202 147,377 400 147,777 Commerce 55,130 4,438 59,568 130,563 1,487 132,050 Tpt/Stor/Comms 92,083 7,411 99,494 137,746 1,319 139,066 Finance 19,411 2 19,413 133,807 133,807 Construction 61,862 6,984 68,846
      120 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 6 Stock name Close Change Stock name Close Change CapitaLand 3.910 -0.020 CapitaMall 1.840 CityDev 10.660 +0.200 ComfortDelGro 1.560 -0.010 Cosco Corp 1.250 +0.020 DBS Grp 14.220 -0.080 F&N 4.380 -0.100 Genting SP 0.945 +0.015 Golden Agri 0.570 +0.005 HK Land 4.950 +0.020 JMH 34.100 +0.700 JSH
      113 words
    • Article, Illustration
      Lock icon Euro slips against dollar as Greek woes persist
      504 6 CURRENCIES Reuters [NEW YORK] The euro slid against the US dollar yesterday, hampered by a lack of progress on a financial aid package for debt-strapped Greece. Euro zone finance ministers were expected to agree yesterday on a way of providing Greece with
      Reuters; REUTERS  -  504 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      54 6 VOLUME Genting SP 80,026,000 Scintronix 45,059,000 Golden Agri 44,474,000 Cosco Corp 26,584,000 Transcu Grp 20,567,000 Yongnam 17,973,000 Healthway 16,140,000 Teledata 16,040,000 EuNetworks 15,501,000 SwingMedia 14,386,000 VALUE($) Genting SP 75,063,625 JMH 72,416,370 DBS Grp 55,671,680 Keppel Corp 47,945,250 CityDev 47,128,710 UOB 44,879,170 CapitaLand 33,644,060 Cosco Corp 33,246,350 StraitsAsia
      54 words
    • Article
      Lock icon RISES
      109 6 BY CENTS CLOSE UP JMH 3410 97.8 2.1 JSH 1990 44.7 1.6 DBXT DJE50 10US$ 4181 41.9 0.7 DBXT MSPacExJp US$10 391 41.9 8.3 DBXT MSEmer 10US$ 367 36.3 7.6 CityDev.ES.1003 1060 34.0 3.3 DBXT MSBrazil UD$10 695 23.8 2.5 Jardine C&C 2748 22.0 0.8 CityDev 1066 20.0 1.9
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    • Article
      Lock icon FALLS
      123 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-250.0 -1.6 GLD 10US$ ***** -76.8 -0.5 DBXT FTChina25 10US$ 2905 -54.5 -1.3 UOB.ES.1003 1850 -28.0 -1.5 DBXT MSKorea 10US$ 4686 -27.9 -0.4 Lyxor China H 10US$ 1548 -27.9 -1.3 DBXT MSTaiwan 10US$ 1565 -26.5 -1.2 UOB 1844 -26.0 -1.4 DBXT MSAsExJp
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    • Article
      Lock icon CURRENCIES
      87 6 Where S$ stands Mar 15 CHNG YR 2010 CLOSE FR Mar 12 S$ LOW S$ HIGH US$ 1.3973 -0.19 1.4219 1.3869 Euro 1.9163 -0.10 2.0153 1.8959 Pounds 2.1025 0.35 2.2776 2.0848 A$ 1.2758 0.30 1.2923 1.2276 Yen* 1.5400 0.12 1.5927 1.5027 Rupiah* 0.***** -0.08 0.***** 0.***** Baht* 4.2908 -0.14
      87 words
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      60 7 A JOINT EFFORT is worth more than the sum of INDIVIDUAL SKILLS. It is with this knowledge that we have proved a reliable SWISS partner in PRIVATE BANKING. Since 1755. 7 Clariden w Leu SWISS PRIVATE BANKING SINCE 1755 Clariden Leu Singapore Branch I 80 Raffles Place #27-01 I UOB
      60 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Top players vie for special energy grid at Ubin
      442 8  -  Sembcorp Utilities, Tuas Power among those making it to the shortlist By RONNIE LIM NINE corporations with two Singapore gencos among leading European and US players like EADS, General Electric and Lockheed Martin have been shortlisted to bid to be the
      442 words
    • Article, Illustration
      Lock icon Stamford Law named National Firm of the Year
      356 8  -  By MICHELLE QUAH BOUTIQUE local firm Stamford Law Corporation beat out larger rivals to be named National Law Firm of the Year 2010 by the International Financial Law Review (IFLR). Stamford Law also received awards for M&A Deals of the Year, at
      356 words
    • Article
      Lock icon No clear consensus on MAS policy stance next month
      454 8  -  By TEH SHI NING ECONOMISTS’ expectations are leaning towards no change in monetary policy at the Monetary Authority of Singapore’s (MAS) upcoming review. But differing assessments of indicators from the forex market and inflation risks are yielding no clear consensus yet.
      454 words
    • Article
      Lock icon SMEs seek marine tie-ups in Qatar
      231 8 A GROUP of SMEs based in Singapore arrived in Qatar yesterday on a business mission to uncover opportunities in the fast-growing marine industry there. Organised by International Enterprise Singapore, the mission comes after recent budget announcements and a call to local SMEs to internationalise.
      231 words
    • Article, Illustration
      Lock icon American academic is inaugural MAS term professor
      225 8 BARRY Eichengreen has been named inaugural Monetary Authority of Singapore Term Professor of Economics and Finance. MAS established the professorship in 2009 at the National University of Singapore (NUS) to strengthen research in economics and finance and enhance collaboration between academia, industry and
      FILE PHOTO  -  225 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Yishun industrial site put up for tender
        60 8 THE Urban Redevelopment Authority yesterday launched a 60-year leasehold industrial site at Yishun Avenue 6 for sale by public tender. A developer triggered the sale of the 1.43 hectare site after committing to pay at least $11.5 million or about $30 per sq
        60 words
      • Article
        Lock icon Asia’s largest LED advertising platform
        56 8 GRAND Park Orchard has appointed Serial MultiVision the operator, and AG World the project integrator, of the media wall at Grand Park Orchard. The wall, at 23 by 19.7 metres, is said to be the largest commercial LED advertising platform in Asia. Grand Park Orchard
        56 words
    • Article, Illustration
      Lock icon January retail figures beat expectations
      475 8  -  By JOYCE HOOI RETAIL sales in Singapore might be pulling back from the precipice, with a robust year-on-year increase in January sales figures of 2.3 per cent. According to Citigroup economist Kit Wei Zheng, the growth in retail sales outperformed consensus expectation of a 1.1
      FILE PHOTO  -  475 words
    • Article
      Lock icon New tech institute secures student aid
      270 8 THE Singapore Institute of Technology (SIT) has secured scholarships from companies and industry associations for a tenth of its initial intake of 500 students. And SIT president Tan Chin Tiong has “an ambitious target” of securing double this number of industry scholarships by the
      270 words
    • Article
      Lock icon Maybank starts worldwide remittance service
      219 8 MAYBANK Singapore has teamed up with Western Union to offer a worldwide remittance service. Launched yesterday, the collaboration between Maybank Singapore and money transfer giant Western Union means that anyone can walk into any of the 12 participating Maybank branches here to remit money overseas.
      219 words
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      81 8 Fantasy Waterbeds Pte Ltd Where Sleep Matters. Think of us as Y' A Natural Anaesthetic. Ergonomically designed with rheumatic and arthritic sufferers in mind, you can experience complete holistic sleep and all the benefits that come with it. Visit our Fantasy Sleep Centre for your ultimate sleep solutions. Waterbeds Latex
      81 words
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  • SME Inc
    • Article, Illustration
      Lock icon The greening of the bottom line
      913 9  -  For SMEs, going green has its rewards, but trying to maintain a sustainable green culture is a challenge, reports JASLENE PANG GOING GREEN JASLENE PANG AS the global economy recovers in the roaring tiger year, the next hurdle for companies to cross could be
      913 words
    • Article, Illustration
      Lock icon Origin Exterminators: Pioneers for the green movement
      581 9  -  By JASLENE PANG WHILE many companies are still wondering whether they should go green, family owned Origin Exterminators has already done so. According to Origin director Carl Baptista: “It’s a our moral obligation. Being green is not just a good thing, it’s a
      581 words
    • Article, Illustration
      Lock icon Getting on board – and taking off
      361 10  - Getting on board and taking off By MINT KANG WHEN Joseph Png, founder and MD of the Germaxco Group of Companies, started the original company (Germaxco Shipping Agencies) in 1993, he went in with the view that good relationships were the route to success. He was right. Germaxco started with
      YEN MENG JIIN  -  361 words
    • Article, Illustration
      Lock icon Kaer comes full circle
      420 10  -  The energy solutions provider ‘greens’ buildings by reducing energy usage, writes OLIVIA HO OLIVIA HO MINISTER Mentor Lee Kuan Yew once hailed the air-conditioner as one of the greatest inventions. And while energy solutions provider Kaer has its work cut out to reduce the power consumption
      420 words
    • Article
      Lock icon Best World, Yongnam top performers
      448 10  -  By TEH HOOI LING OUR small cap portfolio tracked the performance of the blue chip Straits Times Index in the five trading sessions to yesterday. Both added 1.4 per cent. There were 16 gainers versus five losers in our portfolio. Best World is the best
      448 words
    • Article, Illustration
      Lock icon Eyeing a listing on the mainboard
      1014 11  -  Viking Offshore Marine has taken its first steps to being an integrated M&E offshore player, writes CHEN HUIFEN SMALL CAPS CHEN HUIFEN JUST months after making its way to the Catalist board, Viking Offshore and Marine Ltd already has big plans to ascend to
      1,014 words
    • Article, Illustration
      Lock icon Making mergers and acquisitions easier
      442 12  -  By CHEN HUIFEN THE impending tax incentive for mergers and acquisitions (M&A) may not give rise to a flurry of corporate marriages between SMEs in the short term but an immediate benefit has been to plant the thought of inorganic growth in the minds of
      Source: PricewaterhouseCoopers LLP (Singapore)  -  442 words
    • Article, Illustration
      Lock icon Local site catches eye of MySpace founder
      468 12  -  Brad Greenspan sees potential for shoppinglifestyle.com to become top women’s destination online, writes ABIGAIL KOR ABIGAIL KOR MYSPACE founder Brad Greenspan has invested more than US$1 million in homegrown web portal www.shoppinglifestyle.com The collaboration was conceived late last year when ShoppingLifestyle’s US business
      468 words
    • Article
      Lock icon Innovation: The role of your corporate brand
      891 12  -  COMMENTARY By LERISCA LENSUN The writer is a research analyst at StrategiCom, a firm specialising in B2B branding. She can be reached at lerisca. lensun@strategico m.com AS markets change, organisations need to adapt to new circumstances and stimulate innovation for growth potential. Being
      891 words
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      Lock icon Page 9 Advertisements Column 1
      180 9 Kaer comes full circle, Page 10 ©Singapore Brand Conference Thursday, 25 March 2010 Pan Pacific Hotel (Marina) Building Borderless Brands. Rethinking Innovation. The programme of Singapore Brand Conference 2010 has been specifically crafted to address the needs of small and medium sized enterprises. With a focus on building global brands,
      180 words
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      244 10 Read more about Germaxco and its businesses in the latest issue of The SME Magazine. The Germaxco story can be found under the Towkays section, brought to you by Maybank. yi V V p Q o 1 V D D P JVI D D D D Due to the compact
      244 words
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      170 11 want to be at football's greatest event? 9 v r, > 'N 1} I 3T i r»v i X \»S V s v- u WES'm use your Visa card for a chance to be there. stand to win a trip for two to either the semi-finals or final of the
      170 words
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      70 12 Looking for IT Outsourcing? Stone Forest IT (SFIT) is a leading provider of IT Outsourcing Services. Our clients include leading legal firms, SMEs and foreign firms. Our firm's reputation is built on practical advice, proactive client servicing and a proven methodology. We provide businesses with one-stop shop service, from IT
      70 words
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      Lock icon Page 12 Advertisements Column 2
      160 12 Voices We are extending the deadline for last week’s topic: To help SMEs develop competencies to meet the stringent manufacturing quality and certification requirements of MNCs, a $250-million Partnerships for Capability Transformation (PACT) programme will be introduced to help SMEs with expenses related to such activities. This will be part
      160 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Japan upgrades outlook for economy
      466 13 It warns that deflation still a risk; seeks to work with BOJ on recovery Reuters [TOKYO] Japan’s government upgraded its assessment of the economy yesterday for the first time in eight months, but reiterated that deflation posed a risk and called on the Bank of
      Reuters; REUTERS  -  466 words
    • Article
      Lock icon Abu Dhabi wealth fund sees more global uncertainty in 2010
      612 13 Reuters AP [ABU DHABI] Abu Dhabi Investment Authority (ADIA), considered the world’s largest sovereign wealth fund, said the global economy still faces “considerable uncertainty”, in its first annual review aimed at enhancing transparency. The fund, believed to have assets of
      Reuters; AP  -  612 words
    • Article
      Lock icon World Bank to focus on infrastructure in Asia
      369 13  -  By ANTHONY ROWLEY THE World Bank will stress the need for infrastructure building in its future lending programmes for East Asian middle-income countries such as Indonesia, Vietnam and the Philippines, a senior official said in Tokyo yesterday. Infrastructure investment in parts of
      369 words
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      129 13 i I 225 m X b II fl n n ~n IRI !0 S wv'i nnr. n t <3- t? i*) -u is f il rix r; n *Tw» -T C C V v C < < 4 c C v V <> > C < Ma. J -Jz- <
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon KL policy reversals piling up over ‘public feedback’
      627 14  -  GST is latest flip-flop after fuel subsidy, power rate hike, property gain tax By S JAYASANKARAN THE new buzz phrase in Kuala Lumpur these days is “public feedback”. At least three policy reversals by the Malaysian government have been justified on the
      627 words
    • Article, Illustration
      Lock icon Malaysia may raise interest rates to avert asset bubbles
      916 14 Bloomberg [KUALA LUMPUR] Malaysia’s central bank said it may increase interest rates further to avert asset bubbles and discourage risky investments by people seeking better returns, even as inflation will likely remain “modest” this year. “We will review the conditions at
      Bloomberg  -  916 words
    • Article
      Lock icon Boosting trade with M’sia top priority: China
      542 14 Bernama [KUALA LUMPUR] China’s ambassador to Malaysia, Liu Jian, says expansion of trade and investment between Malaysia and China is the top priority for him this year as several trade agreements, including China’s free-trade agreement (FTA) with Asean, come into force. Speaking at
      Bernama  -  542 words
    • Article, Illustration
      Lock icon Indonesia to meet coal forecast despite prolonged rains
      439 14 Reuters [JAKARTA] Heavy and prolonged rains in Kalimantan, the Indonesian part of Borneo island and an important source of coal, will result in further delays to coal shipments, officials said on Friday, but annual output won’t be affected. The Meteorological, Geophysics, and
      Reuters; REUTERS  -  439 words
    • Article
      Lock icon Windfall tax capping palm oil price: official
      181 14 Reuters [KUALA LUMPUR] A windfall tax on Malaysian palm oil earnings that kicked in from November last year has capped gains as buyers see it as a signal to slow purchases, a top industry official said yesterday. Malaysian Palm Oil Association (MPOA) chief
      Reuters  -  181 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Australia hails report on failed Chinalco deal
      899 15 Chinese report not putting blame on Rio Tinto or Canberra govt for collapse of US$19.5 billion tie-up Reuters [MELBOURNE] Australia yesterday welcomed a report saying that China did not blame Rio Tinto or the Australian government for the collapse of a US$19.5 billion
      Reuters; AFP  -  899 words
    • Article
      Lock icon China to ramp up investment in Xinjiang
      351 15 AFP [BEIJING] China will sharply increase investment in Xinjiang in hopes that higher living standards for ethnic Uighurs in the restive region can quell long-stand-ing unrest, state press said yesterday. “The social situation can only become stable when the problem of people’s livelihood
      AFP  -  351 words
    • Article
      Lock icon China’s 2010 GDP to grow more than 9%
      163 15 Reuters [BEIJING] China’s economy is likely to expand more than 9 per cent this year, thanks to pro-growth policies and an improving global environment, a government researcher said in remarks published yesterday. Lu Zhongyuan, deputy director of the Development Research Centre, a
      Reuters  -  163 words
  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      223 15 D iscover a better way to USA with ANA Flying with ANA is an experience like no other. With our convenient connections and unrivalled Japanese hospitality, every trip is a memorable one. What's more, ANA Mileage Club members can now double their flight miles with the "ANA Double Smile" campaign.
      223 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Rate hike expected as Indian inflation tops 9%
      680 16 Feb’s higher than expected figure also strengthens case for raising reserve ratio Reuters [NEW DELHI] India’s headline inflation topped expectations and came within touching distance of double digits in February, making a rate increase by the central bank all but inevitable at
      Reuters  -  680 words
    • Article
      Lock icon China emerges as Iran’s top trade partner
      761 16 AFP [TEHERAN] China has emerged as Iran’s top economic partner, investing heavily in the oil and gas sector and filling the gaps left by Western firms forced out in recent years by international sanctions. In 2009, China became Iran’s premier trade partner, with
      AFP  -  761 words
    • Article, Illustration
      Lock icon India poised to import sugar by mid-year
      985 16 Reuters [NEW DELHI] India will have to resume sugar imports by mid-year to build buffer stocks for its festival season, despite having cancelled deals last week that hammered New York prices down 7 per cent to sev-en-month lows. Imported sugar in the world’s
      Reuters; REUTERS  -  985 words
    • Article
      Lock icon Taiwan eyes preferred status for its banks
      250 16 AFP [TAIPEI] Taiwan will strive for preferential status for its banks in upcoming trade talks with China, a report said yesterday, after China’s Premier Wen Jiabao pledged to cement cross-strait ties. The government hopes such a move would let any individual Taiwanese bank
      AFP  -  250 words
    • Article
      Lock icon India allows foreign universities to open campuses
      230 16 Reuters [NEW DELHI] India’s cabinet yesterday approved a proposal to allow foreign universities to set up campuses, a government minister said, in a move that could reduce the flow of Indian students abroad. Tens of thousands of students head to universities in the
      Reuters  -  230 words
  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      613 16 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg In the Matter of The Companies Act (Chapter 50) And In the Matter of COLUBRIS NETWORKS (ASIA) PTE. LTD. (In Members' Voluntary Liquidation) Reg No. *****7925Z NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap.
      613 words
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  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      3796 17 Cap/taLand CAPITALAND LIMITED (Regn. No.: *****0036N) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at the STI Auditorium, 168 Robinson Road, Level 9, Capital Tower, Singapore *****2, on Friday, 16 April 2010
      3,796 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon A call to integrate Asian economies
      545 18  -  Region’s business federations urge comprehensive Asia development plan By in ANTHONY ROWLEY LEADERS of a dozen business federations from across Asia, including Singapore, called on governments yesterday to implement an ambitious plan to create a re-gion-wide integrated economic and business area. Meeting in Tokyo,
      545 words
    • Article
      Lock icon Snowstorms dampen industrial output in February
      400 18 LATEST US DATA Reuters [WASHINGTON] US industrial production braked sharply in February, held back by severe winter storms that slammed parts of the country, while manufacturing activity in New York state stalled this month. The reports yesterday, however, were unlikely to raise concerns about
      Reuters  -  400 words
    • Article
      Lock icon Tax rises hit Greece as European Union meets on debt crisis
      493 18 AP [ATHENS] A wave of new tax hikes hit Greece yesterday, raising the cost of consumer goods despite recession and high unemployment, as European Union (EU) finance ministers gathered in Brussels to discuss the country’s debt crisis. The centre-left
      AP  -  493 words
    • Article, Illustration
      Lock icon English football clubs urged to adopt salary cap
      516 18  -  By MALMINDERJIT SINGH FORMER Football League chairman, Brian Mawhinney, has urged English clubs to implement salary capping. The 60-year-old, who was succeeded after seven years by businessman Greg Clarke on Friday, said yesterday, “The business model of professional football in this country
      REUTERS  -  516 words
    • Article
      Lock icon AIG to cut bonus pool by about 30%
      223 18 Company officials are holding back US$21 m in bonuses NYT [NEW YORK] American International Group (AIG) will pay about US$46 million in retention bonuses, or about 30 per cent less than previously scheduled, a person with direct knowledge of the arrangements said.
      NYT  -  223 words
    • Article
      Lock icon US, UK top debt ratings safe for now, says Moody’s
      619 18 Economic recovery remains fragile in many advanced economies AP [LONDON] The United States and Britain are more likely than Germany and France to witness an embarrassing downgrade of their top debt rating, agency Moody’s Investors Service said yesterday. In a
      AP  -  619 words
    • Article
      Lock icon Deutsche Telekom introduces women’s quota
      353 18 AP [BERLIN] Germany’s Deutsche Telekom AG yesterday said it will introduce a quota for female managers, with a target to fill 30 per cent of upper and middle management jobs with women by the end of 2015. That would compare with only 13 per cent
      AP  -  353 words
    • Article, Illustration
      Lock icon Calvin Klein owner close to buying Hilfiger
      613 19 2.2 billion euro sale would be lucrative for private equity firm Apax Partners NYT [NEW YORK] Phillips-Van Heusen, the clothing conglomerate that owns Calvin Klein, is near a deal to buy Tommy Hilfiger, once a leading purveyor of colourful preppy clothing, for about
      NYT; AFP  -  613 words
    • Article
      Lock icon Japan firms join hands to standardise electric car industry
      379 19 AP [TOKYO] Toyota and three other Japanese automakers together with a power company have set up a group to promote electric vehicles by standardising recharging machines and marketing the technology abroad. Representatives of Toyota Motor, Nissan Motor, Mitsubishi Motors, Fuji Heavy
      AP  -  379 words
    • Article
      Lock icon Arrow Energy likely to reject bid from Royal Dutch, PetroChina
      437 19 Price said to be too low; bids with better offer expected Reuters [PERTH] Australia’s Arrow Energy is set to reject as too low a US$3 billion (S$4.2 billion) joint takeover offer from Royal Dutch Shell and PetroChina, a newspaper reported,
      Reuters  -  437 words
    • Article
      Lock icon Barclays Capital may turn itself into partnership: FT
      184 19 Reuters [SINGAPORE] Barclays Capital, the investment bank of Britain’s Barclays, may turn itself into a partnership, at the heart of which will be a devoted group of bankers with more say in strategy, the Financial Times reported. Quoting unidentified sources, the FT
      Reuters  -  184 words
    • Article, Illustration
      Lock icon Beckham’s World Cup hopes dashed by injury
      434 19 Role in international football in doubt AP [MILAN] David Beckham’s hopes of being the first English player to appear in four World Cups have been shattered and his future in international football is in doubt after he ruptured his Achilles while playing an
      AP; AFP  -  434 words
    • Article
      Lock icon US test casts doubt on car’s loss of control
      609 19 Owner claims his Toyota suddenly sped up to 150 kph AP [WASHINGTON] The US government said yesterday it cannot explain a reported incident of sudden, high-speed acceleration in a Toyota Prius on a San Diego, California freeway last week. The National
      AP  -  609 words
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  • WORLD
    • Article
      Lock icon Opec keeps drilling even though output exceeds quota
      492 20 Analysts expect oil prices to fall this year as producers deploy more rigs Bloomberg [LONDON] Opec is increasing oil drilling at the fastest rate in 21/2 years even as production exceeds its quotas by the equivalent of a supertanker of crude a
      Bloomberg  -  492 words
    • Article, Illustration
      Lock icon First blood to Fernando
      753 20  -  COMMENTARY By STEVE SLATER Steve Slater is a race commentator on STAR Sports coverage of Formula One DURING my commentary on the Bahrain Grand Prix, I jokingly suggested that what we needed to catch the flying Red Bull of Sebastian Vettel was the matador, Fernando Alonso.
      AP  -  753 words
    • Article, Illustration
      Lock icon News Corp may collect US$400m from hit film Avatar
      402 20 Bloomberg [NEW YORK] News Corp will earn US$350 million to US$400 million from James Cameron’s Avatar once the world’s top-gross-ing film is also released on pay television and DVD, said two people with knowledge of its financial performance. The sum represents
      Bloomberg; AP  -  402 words
    • Article
      Lock icon Iraqi PM holds slim lead in partial election tally
      374 20 AP [BAGHDAD] Prime Minister Nouri al-Maliki edged ahead on Sunday in a tight race in the country’s parliamentary elections after partial results from all of Iraq’s 18 provinces showed his bloc leading in seven two more than his chief rival. The
      AP  -  374 words
    • Article
      Lock icon Speed boost for gadgets with new Intel cable
      633 20 Optical fibre cable technology could replace USB links 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
      NYT  -  633 words
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  • AVIATION
    • Article, Illustration
      Lock icon Airlines betting on premium economy crowd
      892 21 But they risk losing out if the premium travel market does recover: analysts Bloomberg [SINGAPORE] Qantas Airways is scrapping firstclass cabins complete with sheepskin-covered mattresses, while Air FranceKLM Group is ripping out some of its cheapest seats as airlines reconfigure planes to win downgraded
      Bloomberg  -  892 words
    • Article
      Lock icon Strike threatens BA’s existence: minister
      529 21 Analysts say dispute could cost airline around £140 million Reuters [LONDON] British Transport Secretary Andrew Adonis urged cabin crew at British Airways on Sunday to call off their planned strikes this month, saying it threatened the company’s very existence. Cabin crew are due to walk
      Reuters  -  529 words
    • Article, Illustration
      Lock icon Chinese New Year holidays boost HK airport Feb traffic
      407 21 Xinhua [HONG KONG] Boosted by strong Chinese New Year traffic, passenger and cargo traffic at Hong Kong International Airport (HKIA) surged 17 per cent and 30.1 per cent respectively in February year on year, to 3.9 million and 257,000 tonnes, the
      Xinhua; BLOOMBERG  -  407 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2886 21 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1240 SQ458 1415 Adelaide LH9771 1740 LH9770 2350 SQ268 1740 SQ269 2350 VS7268 1740 VS7269 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 QF81 1830 Ahmedabad NH6292 1900 SQ530 1900 Amsterdam LO4031 0610 AZ3993 0125 SQ323 0610
      2,886 words
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      4236 22 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.
      4,236 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      341 21 CRYPTIC CROSSWORD Across 1 Start to doubt one’s heart is put off (10) 6 Book registering parliamentary output (4) 10 Lesson learnt from end of term exam (5) 11 Pub at liberty to provide accommodation (4,5) 12 Remits covering list for salaries (8) 13 One in the eye for one
      341 words
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  • Article, Illustration
    Lock icon Cosco expects to hit rate hike target in new contracts
    657 23 Full recovery has yet to come but industry on road to recovery, says president Bloomberg [BEIJING] China Cosco Holdings, the nation’s largest container-ship operator, expects to win its targeted rate increase in new contracts as world trade rebounds and shipping
    Bloomberg; BLOOMBERG  -  657 words
  • Article
    Lock icon Dhaka to urge Beijing to use Chittagong port
    371 23 Reuters [DHAKA] Bangladesh will persuade China to use Chittagong port as a commercial outlet for its southern Yunnan province, Foreign Minister Dipu Moni said on Sunday. The Bangladesh stance was announced nearly three months after Bangladesh had agreed to allow India, Nepal
    Reuters  -  371 words
  • Article
    Lock icon Feb throughput slips 6.4% to 2.1m TEUs
    306 23  -  However, the year-on-year figure shows an 18% jump By VINCENT WEE THE caution that container lines have been showing going into the first quarter appears to be justified. Despite February port figures showing an 18 per cent year-on-year spike to 2.18 million twenty-foot
    306 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon Obama counting on pragmatism to pay off
      1103 24  -  Taking the populist route would win him political points, but he’d rather do what’s right LEON HADAR Washington Correspondent PRAGMATISM, the philosophical movement, assumes that the purpose of philosophy is to develop ideas that help us in practical ways. It has been called
      AFP  -  1,103 words
    • Article, Illustration
      Lock icon Arroyo’s game plan takes centre stage in May 10 polls
      820 24  -  THE BOTTOM LINE AL LABITA Manila Correspondent ALL interest in the May 10 national elections is not in the contest for a new president, but in the game plan of outgoing President Gloria Arroyo. In what analysts described as a
      820 words
    • Article
      Lock icon Looking to the Fed for a hint
      477 24 EDITORIAL IF the Federal Open Market Committee (FOMC) keeps benchmark interest rates at virtually zero per cent at its meeting later today, it would be doing what many expect. The question, however, is: how much longer should the low-rate environment persist? In December
      477 words
    • Article, Illustration
      Lock icon India budget on right track
      1228 25  -  GST and tax code plans are welcome, but govt must provide a sense of certainty to investors By TOH BOON NGEE, NARESH MAKHIJANI Toh Boon Ngee is an executive director, KPMG Tax Services, in Singapore and Naresh Makhijani is with KPMG India Private Limited. The
      REUTERS  -  1,228 words
    • Article, Illustration
      Lock icon US must play hardball with China
      863 25  -  PAUL KRUGMAN The writer is a professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT TENSIONS are rising over Chinese economic policy, and rightly so: China’s policy of keeping its currency, the renminbi
      NYT; AP  -  863 words
    • Article
      Lock icon Uphold integrity of corporate governance
      512 25  -  LETTERS TO THE EDITOR Janet Tan Executive director Institute of Certified Public Accountants of Singapore (ICPAS) WE refer to the article titled “Governance lapses, missing millions in E3” (BT, Feb 11), in which the writer made reference to E3 Holdings and the numerous alleged lapses
      512 words
    • Article
      Lock icon What constitutes a Singapore company?
      129 25  -  Denis Distant I REFER to the article “Prudential’s listing in HK raises questions about S’pore” (BT, March 10), which suggests that GIC would not have chosen to underwrite Prudential’s rights issue and potentially own a stake in it if the insurer had intended to list
      129 words
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  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      122 25 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      122 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8961 26 Transaction date: Mar 15 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 16.5 unch 310 17 16.5 16.5 17 1.7 11 5.3 79 10 2.5 5834
      8,961 words
    • Article
      Lock icon SGX CATALIST
      1850 27 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 t AA Grp 5.5 4.5 5.5 30.6 5.3 25 12 8538 t APStrategic 15.5 13 15 91.5 4 1
      1,850 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9345 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.22/ APS Alpha Fund (USD)!** 0.87/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.7/ Aberdeen Asset Mgt Asia Limited American Opp 0.656/ Asian Credit Fund 1.2446/ Asian
      9,345 words
    • Article
      Lock icon SGX ETF
      533 27 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 $mil 111 107 6389 ABF SG Bond ETF 109.5 110 112 499.8 849 449 CIMBAsean40 100US$ US842 -5 102 849 842 841 845 33.7 298
      533 words
    • Article
      Lock icon CLOB INTERNATIONAL
      70 27 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 $mil 56 24 6000 AVJennings A47.5 44 48 3.6 7.4 3.8 123.7 31 6.5 6017 Genting HK US$ US20.5 unch 1285 20.5 20 20.5 21
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      365 28 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
    • Article
      Lock icon INTERBANK RATES
      177 28 Mar 15 $S Offer Bid Overnight 0.08 0.03 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 1/16 US$ 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
      177 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 28 Mar 15 S$ Bid Offer 1-month 1.3970 1.3974 2-months 1.3971 1.3976 3-months 1.3973 1.3977 6-months 1.3978 1.3983 Source: OCBC
      22 words
    • Article
      Lock icon SICOM FUTURES
      188 28 Mar 15 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Apr 10 324.0 324.0 324.0 12 678 May 10 320.0 320.0 320.0 10 672 Jun 10 318.0 780 Jul 10 316.0 380 Aug 10 314.0 230 Sep 10 312.0
      188 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 28 Mar 15 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 17.06.2010 0.38 0.36 0.31 1-Year BY*****N 01.11.2010 0.39 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.30 104.33 104.33 5-Year N*****0N 1.375 01.10.2014 100.34
      88 words
    • Article
      Lock icon CHICAGO BOT
      105 28 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
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 28 CRUDE OIL PRODUCTS Mar 12 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 80.65 0.14 WTI (Near Mth) 81.22 -0.99 Dubai (1-Mth F) 79.57 0.69 Tapis blend 84.30 0.20 Minas 82.90 0.55 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 81.78 0.50 Jet Kerosene 88.75 0.45 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 28 Mar 15 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2670 1.3050 Can dollar 1.3650 1.3820 Euro 1.9090 1.9320 NZ dollar 0.9720 0.9930 Sterling pound 2.1080 2.1330 US dollar 1.3890 1.4050 Local dollars to 100 units of foreign
      132 words
    • Article
      Lock icon STOCK INDEX FUTURES
      35 28 Mar 15 Open High Sett STI Mar 2867 2867 2869 SIMSCI Mar 342.6 343.4 338.6 Taiwan Mar 277.4 279.5 274.5 Source: MF Global (S) Pte. Ltd Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      66 28 Mar 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 10 2630 2630 2630 2630 1 241 Apr 10 2640 2609 2641 2609 1507 9119 May 10 2624 2590 2631 2590 ***** ***** Jun 10 2612 2575
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      365 28 Mar 15 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar10 99.7424 0 4526 Jun10 99.6150 0 4097 Sep10 99.4200 0 2503 Dec10 99.1250 0 1843 EUROYEN TIBOR FUTURES Mar10 99.5590 434 5697 Jun10 99.6200 99.6200 99.6100 99.6300 1329 3298 Sep10 99.6350 4 4008 Dec10 99.6500 0
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    • Article
      Lock icon INTERBANK CROSS RATES
      465 28 Mar 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.931 6.243 0.666 7.096 41.667 83.864 0.830 10.377 3.033 1.300 77.220 41.809 1.278 6.774 0.969 29.096 29.791 0.603 0.915 Canada 1.074 6.705
      465 words
    • Article
      Lock icon SIBOR
      85 28 Mar 15 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 28 Mar 15 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2772 1.2780 0.9144 0.9147 Canadian dollar 1.3718 1.3725 0.9821 0.9823 Euro 1.9192 1.9202 1.3740 1.3743 NZ dollar 0.9820 0.9833 0.7030 0.7038 Sterling pound 2.1169 2.1177 1.5155
      155 words
    • Article
      Lock icon PRECIOUS METALS
      138 28 Mar 15 GOLD (US$/oz) Mar 15 Mar 12 Hong Kong 1105.70 1114.70 Mar 12 Mar 11 London 1108.70 1104.40 1109.50 1105.20 Source: Thomson Reuters CAST BAR Mar 15 (S$) Selling Buying Kilobar "53,310.61" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 119.84 50 5gm 339.19 249 10gm 605.62
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    • Article
      Lock icon LONDON METALS
      69 28 Mar 12 Aluminium, 99.7% purity (US$/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
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    • Article
      Lock icon LIFFE
      77 28 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
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2517 28 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 unch 241 1 4 20 2.50 23 2036 Advance SCT Ltd W*****9 0.5 1 87
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  • PROPERTY
    • Article, Illustration
      Lock icon Transforming Australia’s cities
      1448 29 They must change to cope with population growth and climate change or face social unrest and urban decay Reuters [SYDNEY] Australia circa 2050, population 35 million, climate change induced rising sea levels have flooded the Gold Coast resort region, apartment blocks are now used to grow food
      Reuters; REUTERS  -  1,448 words
    • Article, Illustration
      Lock icon Smallest gain in UK March property asking prices
      599 31 More restrained pricing in some areas due to buyers having more choice Bloomberg [LONDON] UK home sellers raised asking prices by the smallest amount for March on record as the supply of available properties increased, Rightmove plc said. The average house price
      Bloomberg; REUTERS  -  599 words
    • Article, Illustration
      Lock icon Liberty sells its London store for £41.5m
      354 31 Reuters [LONDON] Upmarket British retailer Liberty is selling its distinctive mock Tudor department store building in London’s West End for £41.5 million (S$87.8 million) to pay off debt, it said yesterday. The 135-year-old firm, 68 per cent owned by property group MWB Holdings,
      Reuters; BLOOMBERG  -  354 words
    • Article
      Lock icon DTZ on track for forecast
      162 31 Reuters [LONDON] Property broker DTZ Holdings said yesterday it remains on track to meet market expectations for its full year and anticipates £70 million (S$147 million) of cost savings for the period. Overall, DTZ said it remains cautious, but cited its strong performances to date
      Reuters  -  162 words
    • Article
      Lock icon CapitaLand gives mall vouchers in bonus
      192 31 FOR the second year running, CapitaLand has paid a portion of staff bonuses in the form of shopping vouchers. About 700 managerial staff in Singapore will receive a total of $1 million worth of vouchers redeemable at CapitaMalls Asia (CMA) malls here. The value
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      Lock icon Policy risks will weigh down China property stocks: BNP Paribas
      374 31 Bloomberg [SHANGHAI] China’s property stocks are likely to be “range-bound” in 2010 on concern that the government will step up measures to curb gains in real estate prices, according to BNP Paribas. The China SE Shanghai Property Index has slumped
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      149 29 SHREGIS RESIDENCES FOR SALE IN D10 4Bdrm-3897Sqft Asking $12 Million PentHouse- 6017Sqft Asking $30 Million Near Tanglin Mall ITOKIO PROPERTY SERVICES PTE LTD I 9670 0285 Toru Takano 6737 5187 Kristy INTERNATIONAL BUILDING 360 ORCHARD ROAD For Lease Office: 323 to l ,992 sq ft Next to Shaw House Isetan
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      162 29 19,000sqft Spacious Road 1 11,000sqft Living Space Sumptuous Interiors with Luxury Bathrooms > Private Pool and Pavilion > Fully furnished with Designer's furniture •Car park spacious for 16 cars > Designed by award-winning firm K2LD »Modern accents reflected throughout Large Professional Equipped Kitchen Sweeping Greenery View from Rooms 16A CABLE
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      214 29 Bossanova Limited SEAFRONT A signature Capitaland Project Units #02-07 and #03-07, Seafront, Meyer Rd. 2,099 Sqft each. Ten minutes drive to CBD. Comparatively (to districts 9 and 10) little traffic in morning. Full spectacular Pool view will see pool like this (except 4th floor). You can talk to your children
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      Lock icon Keeping industry clean and green
      926 30  -  CleanTech Park will be an icon for development and application of clean technologies, reports EMILYN YAP EMILYN YAP IT is a big project befitting grand ambitions. Last month, JTC Corporation and the Economic Development Board (EDB) announced plans to build Singapore’s first eco-business park in
      926 words
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      160 30 This series is brought to you by c'f sQ mmt RU0' ,rtCO friendly Development f'.-f ■Jf* V f~5* &z -ir Living Lab •< st 86 -C M 'Um. Green Community Sustainable Businesses Grow Your Green Ideas in CleanTech Park Welcome to CleanTech Park Singapore's first eco-business park! We will house
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      65 31 ENTERPRISE LOGISTICS CENTRE Warehouse For Lease Located at Tuas South Unit sizes from 28,000 sq ft to 163,000 sq ft High ceiling of up to 10m Floor loading of up to 25 KN/m 2 Very wide ramp and driveways for easy 40-footer container access Sheltered loading unloading bays in front
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      64 31 EXCELLENT OPPORTUNITY! SCIENCE PARK BUILDING FOR SALE 2-storey building basement annex building for facilities equipment Land area 168,200 sq ft approx. Floor area 164,600 sq ft approx. Land Tenure Balance 8 yrs with further 12 yrs renewal option Power Supply 15 MVA Cleanrooms of Classes 100 to 100K ilk CUSHMAN
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      113 32 at seascape, it's just yoil sea. SENTOSACOVE seascape LAUNCHING SOON Call 6276 8998 for your private preview. www.seascape.eom.sg isr. U m i a -J i fl V r, ,4 V f J mm A JOINT DEVELOPMENT BY: HO BEE GROUP in Developer: Seaview (Sentosa) Pte Ltd Tenure of Land: 99
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