The Business Times, 17 March 2010

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Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sfh A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Wednesday, March 17,2010
    23 words
  • 975 1  -  Latest home-loan skirmish also sees banks speeding up their approvals By GENEVIEVE CUA [SINGAPORE] A skirmish of sorts has broken out on the home loans front with banks pushing down their interest rates a notch or two over the past week or so. The
    Source: Bloomberg charts  -  975 words
  • 611 1  -  Tender to lease out historic property which has been vacant for 6 years By KALPANA RASHIWALA [SINGAPORE] After being left vacant for about six years, the former Alkaff Mansion on Telok Blangah Hill may spring to life again. Singapore Land Authority (SLA) has
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  • 142 1 ST INDEX 2,896.43 (+22.10) ST INDEX FUTURES 2,891 (+22) SIMSCI 343.91 (+3.37) SIMSCI FUTURES 343.90 (+5.30) FOREX US$ S$ US$ (S$ per US$) 1.398 (US$/S$ per 1.500 2.097 EURO (US$/S$/E) 1.367 1.910 Foreign currency per US$ S$ YEN 90.30 64.60 RM 3.325 2.379 HK$ 7.760 5.553 BAHT 32.46
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  • Page 1 Advertisements
    • 273 1 EXEC MONEY Junk bond doomsday is near PAGE 30 BANGKOK Red Shirts make bloody protest in bottles PAGE 4 PROPERTY Sim Lian is top bidder for Tampines site PAGE 10 TRANSPORT HUB Number of exhibitors at Asia-Pacific Maritime up 12% PAGE I %k r> r WHAT IS EXCELLENCE, W" JOSEPHINE
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    • 11 1 How they stack up: Table of selected loan packages, Page 30
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  • TOP STORIES
    • 731 2  -  IE S’pore to boost support, sharpen assistance to SMEs expanding abroad By TEH SHI NING [SINGAPORE] International Enterprise (IE) Singapore has its sights trained on non-traditional markets and sectors as it seeks new ways for Singapore companies to grow globally. Assistance to
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    • 654 2 It also hails Athens plan to cut deficit by a third this year Reuters [BRUSSELS] European Union (EU) finance ministers backed plans yesterday by countries in the euro area to help debt-stricken Greece financially if it becomes the first state in 11 years of
      Reuters; BLOOMBERG  -  654 words
    • 420 2 Move comes as China dismisses US currency complaints Reuters [WASHINGTON] China would face stiff new US penalties if it fails to revalue its currency under a bipartisan bill scheduled to be introduced in the US Senate last night, congressional aides said.
      Reuters  -  420 words
    • 587 2 Low-interest carrots to tempt home buyers A SKIRMISH of sorts has broken out on the home loans front with banks pushing down their interest rates a notch or two over the past week or so. The first volley was fired by DBS Bank and the others have responded.
      587 words
    • 676 4  - Red Shirts make bloody protest in bottles They contribute blood that’s then splattered outside PM Abhisit’s office By LEE U-WEN in Bangkok THOUSANDS of Thai an-ti-government protesters drew their own blood yesterday and splattered bottles of it outside the front gates of Prime Minister Abhisit Vejjajiva’s office, upping the ante
      REUTERS  -  676 words
    • 460 4  -  By CHEAH UI-HOON [SINGAPORE] Singapore will be the focus of gastronomic attention in April, when one of the world’s most famous chefs pays a visit here, and uses the homegrown World Gourmet Summit (WGS) platform to announce his future plans. Spain’s top
      AFP  -  460 words
    • 409 4  -  By CONRAD TAN [SINGAPORE] Investors in hedge funds are setting their sights squarely on Asia this year as a destination for new investments, as the region’s economies lead the economic recovery worldwide, a new survey of the industry shows. As financial markets recover, the hedge-fund
      409 words
    • 438 4  -  By EMILYN YAP [SINGAPORE] It became much cheaper for industries to rent a space in Singapore last year than in cities such as Tokyo, Hong Kong or Sydney. In Cushman Wakefield’s global ranking of industrial space occupancy cost, Singapore fell sharply
      438 words
  • Page 2 Advertisements
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    • 12 2 Big trade surplus with US not due to yuan: China, Page 14
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  • Page 3 Advertisements
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  • Page 4 Advertisements
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    • 116 4 MATS NOTICES CAPITALAND TREASURY LIMITED S$120,000,000 Floating Rate Notes Due 2011 Pursuant to CONDITION 4(V)(b) of the Notes, notice is hereby given that, in respect of the Interest Period from March 17, 2010 and ending on (but excluding) September 17,2010: (a) the Rate of Interest payable on the principal amount
      116 words
    • 23 4 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. MATS NOTICES
      23 words

  • COMPANY NEWS
    • 429 5  -  But S’pore banks’ long-term ratings still at risk due to overseas exposure By CONRAD TAN THE long-term credit ratings of the three Singa-pore-listed banks are still at risk despite the recovery of the economy, mainly due to the banks’ large overseas exposure, rating agency
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    • 370 5  -  By CONRAD TAN OCBC Bank has granted chairman Cheong Choong Kong more than 230,000 share options the most he has received since being appointed chairman in July 2003. In a stock exchange filing yesterday, OCBC said that on Monday it granted 233,727 share
      370 words
    • 391 7  -  CEO expects the move to enhance the company’s reputation in China By LYNETTE KHOO SWING Media Technology Group is the latest public company here to opt for dual listing in Hong Kong. The Hong Kong-head-quartered maker and supplier of data storage products said
      391 words
    • 424 7  -  Shareholders to get Collins’s, directors’ advice in due course By LYNETTE KHOO CATALIST-listed Keda Communications, one of the latest companies here to seek delisting, has appointed Collins Stewart as independent financial adviser (IFA) to advise its independent directors on an exit offer. A
      424 words
    • 252 7  -  By JOYCE HOOI STAMFORD Tyres Corporation Ltd has posted a quantum leap in net profit for its third quarter in FY2010 ended Jan 31, from $69,000 the year before to $2.3 million. This was fuelled by a 29.5 per cent growth in
      252 words
    • 324 7  -  By UMA SHANKARI INDUSTRIAL landlord Ascendas Real Estate Investment Trust (A-Reit) has enhanced its capital structure through a series of capital management initiatives. As a result, the trust has effectively extended its weighted average debt maturity to 4.5 years from 2.4 years
      324 words
    • 905 8  -  HOCK LOCK SIEW By CHEN HUIFEN SOMEONE in private equity once told this reporter: “Good deals are like pretty women. If you don’t grab them, they’re gone very soon.” If one extrapolates that, then Parkway Holdings must be a pretty dame. Despite its age,
      DESMOND WEE/THE STRAITS TIMES  -  905 words
    • 329 8  -  TripleOne Somerset facility’s first phase to be ready in March By KAREN NG HEALTHWAY Medical will open a specialist centre at TripleOne Somerset. The project, which is estimated to cost $40 million, will be completed in several stages over three years. The first
      329 words
    • 363 8  -  By WINSTON CHAI SINGAPORE Telecom and StarHub aim to upgrade their cellular networks to double mobile data broadband speeds by the end of this year. This will allow users to surf the Web and download applications on their handphones at
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    • 269 8 CONSTRUCTION player Lian Beng Group has won a $78 million contract from Far East Group to build Centro Residences, with completion expected by January 2013. The deal the second in two weeks for Lian Beng is for a 34-storey residential tower, multi-storey
      269 words
    • COMPANY BRIEFS
      • 59 8 ROTOL Singapore is selling its Tuas property to Toll Logistics (Asia) for $11 million as it has moved its manufacturing activities to China. Rotol will lease back the office and warehouse space it currently occupies for a nominal rent from the date of completion
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      • 64 8 YONGMAO Holdings has raised its investment in associated company Beijing Tat Hong Zhaomao Equipment Rental Co Ltd (BTHZER) from 9 million yuan to 22.5 million yuan. Following the internally funded cash injection, Yongmao will have a 27 per cent direct stake in BTHZER while the
        64 words
      • 42 8 MEDI-FLEX returned to the black with a RM5.4 million net profit in the first six months of FY10, turning around from a RM2.5 million loss in the previous corresponding period. Revenue more than doubled to RM52 million.
        42 words
      • 43 8 NEPTUNE Orient Lines’ (NOL) liner unit APL (Bermuda), is taking a US$300 million syndicated term loan to be used for general corporate funding. The term loan, which is guaranteed by NOL, was arranged by Sumitomo Mitsui Banking Corporation.
        43 words
      • 81 8 IN LINE with a planned global offering and dual listing on the Hong Kong Stock Exchange, Sound Global is proposing to issue up to 430 million new shares and up to 64.5 million additional shares at an issue price to be determined by the
        81 words
  • Page 5 Advertisements
    • 479 5 NASSIMPARK RESIDENCES u Mtf\ mMm IT' 4/ A MASTERPIECE by Chan Soo Khian, Christian Liaigre, Shunmyo Masuno In the heart of Nassim, Singapore's most desirable neighbourhood, comes the unveiling of Singapore's most coveted freehold address, A unique collaboration between three internationally acclaimed creative minds Chan Soo Khian Founder of Singapore-based
      479 words

  • SINGAPORE MARKETS
    • 601 6  -  Index gains 22 points in thin volume, taking its cue from HK, Europe; Jardine firms among top losers STOCKS R SIVANITHY Senior Correspondent UNDOUBTEDLY, most news reports would state that Singapore stocks rose yesterday, pointing to the Straits Times Index’s 22.1-point gain
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    • 186 6 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 5 6 0 0 0 5 5 6 Manufacturing 56 47 87 4 4 10 60 51 97 Commerce 21 21 21 3 1 4 24 22 25 Tpt/Stor/Comms 19 7 17
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    • 120 6 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 12,874 12,874 71,201 71,201 Manufacturing 403,323 5,020 408,343 136,914 292 137,206 Commerce 79,691 6,461 86,152 99,016 2,040 101,056 Tpt/Stor/Comms 79,687 1,185 80,872 139,971 142 140,112 Finance 16,474 16,474 148,330 148,330 Construction 28,386 6,851 35,237 7,486
      120 words
    • 110 6 Stock name Close Change CapitaLand 4.000 +0.090 CapitaMall 1.850 +0.010 CityDev 10.880 +0.220 ComfortDelGro 1.580 +0.020 Cosco Corp 1.270 +0.020 DBS Grp 14.340 +0.120 F&N 4.400 +0.020 Genting SP 0.950 +0.005 Golden Agri 0.570 HK Land 4.950 JMH 33.740 -0.360 JSH 19.440 -0.460 Jardine C&C 27.040
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    • BROKERS’ TAKE
      • 244 6 March 16 close: $1.27 PHILLIP SECURITIES RESEARCH, March 16 US$500 million contract: Cosco announced that it won a US$500 million for Sevan Driller II Rig. We like the contract as it shows there is demand for Cosco to build offshore marine vessels. Earlier, Cosco announced the cancellation and
        244 words
      • 252 6 March 16 close: $10.88 DBS GROUP RESEARCH, March 16 IN ALL the right places: We hosted a client luncheon with CityDev management last week, and came away confident that it is in a good position to take advantage of opportunities in all the segments within the Singapore residential
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      • 470 6  -  Singapore March 16 close: $15.74 CIMB-GK RESEARCH, March 16 Compiled by LYNETTE KHOO SUSTAINABLY high load factors: The passenger load factor for February was 79.9 per cent, which was the eighth consecutive month of close to/above the 80 per cent threshold. The cargo load factor in February was
        470 words
    • 560 6 CURRENCIES Reuters [NEW YORK] The US dollar fell against the euro and a basket of currencies yesterday on expectations that the Federal Reserve would repeat a pledge to keep interest rates very low for a long time, encouraging investors to buy riskier
      Reuters; AP  -  560 words
    • 4 6 DAILY
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    • 65 6 Mar 16 VALUE CLOSE BT OB/OS 308.00 +142.0 BT CADI -*****.00 +62.0 BT 10-day MA -*****.00 +30.00 FTSE ST Mid Cap 694.54 +1.79 FTSE ST Small Cap 550.19 +2.98 FTSE ST All Share 714.11 +4.80 FTSE ST China Top 280.77 -0.04 FTSE ST China 299.60 +0.22 FTSE
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    • 54 6 VOLUME Eastgate Tech 142,170,000 Genting SP 88,722,000 SwingMedia 82,928,000 Healthway 58,722,000 Golden Agri 34,474,000 Biosensors 23,029,000 HSI*****MBLeCW*****9 17,896,000 CapitaLand 15,573,000 Z-Obee Hldgs 15,443,000 SingTel 14,166,000 VALUE($) Genting SP 84,545,705 CapitaLand 61,813,590 Keppel Corp 55,826,585 UOB 50,421,150 SingTel 44,670,850 DBS Grp 43,365,680 OCBC Bk 33,409,600 Wilmar 29,471,110 JMH
      54 words
    • 109 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 177.4 1.1 GLD 10US$ ***** 109.0 0.7 CityDev 1088 22.0 2.1 UOB 5.05%NCPS 100 ***** 20.0 0.2 Lyxor Europe 10 US$ 1238 19.6 1.1 Kep Corp.ES.1003 899 16.0 1.8 OCBC Bk 895 16.0 1.8 UOB 1858 14.0 0.8 Lyxor MSCI World
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    • 121 6 BY CENTS CLOSE DOWN DBXT FTVietnam 10US$ 4533 -95.0 -1.5 JSH 1944 -64.3 -2.3 JMH 3374 -50.3 -1.1 Jardine C&C 2704 -44.0 -1.6 STXPO 100 1570 -40.0 -2.5 OUE 1112 -28.0 -2.5 OCC 5.1% NCPS 100 ***** -20.0 -0.2 Lyxor China H 10US$ 1536 -16.8 -0.8 DBXT MSTaiwan 10US$
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    • 87 6 Where S$ stands Mar 16 CHNG YR 2010 CLOSE FR Mar 15 S$ LOW S$ HIGH US$ 1.3975 -0.01 1.4219 1.3973 Euro 1.9132 0.16 2.0153 1.8959 Pounds 2.1069 -0.21 2.2776 2.0848 A$ 1.2799 -0.32 1.2923 1.2276 Yen* 1.5441 -0.27 1.5927 1.5027 Rupiah* 0.***** -0.56 0.***** 0.***** Baht* 4.3065 -0.36
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  • Page 7 Advertisements
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  • Page 8 Advertisements
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  • Page 9 Advertisements
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      537 words

  • SINGAPORE NEWS
    • 585 10 INTEREST rates across Asia will rise by 1-1.5 percentage points by the year-end and it won’t be bad at all for the markets, says DBS Bank’s David Carbon. The economist who has long been bullish on Asia, particularly China also
      585 words
    • 465 10  -  99-year plot may yield 600 units; consultants describe bids as sensible By UMA SHANKARI SIM Lian Land has emerged as the top bidder for a closely contested land parcel in Tampines. The developer led the field that included familiar names such
      465 words
    • 402 10  -  Projects in Sengkang and Sembawang may see big demand By EMILYN YAP THE Housing and Development Board (HDB) is offering 828 flats in Sengkang and Sembawang through two new build-to-order (BTO) projects. These are the first BTO projects to be launched after the government
      402 words
    • 383 10  -  By JOYCE HOOI TWO years after the Grant for Energy Efficient Technologies (GREET) scheme was unveiled, the numbers are materialising. “As of end-2009, five companies have come onboard and are expected to collectively gain $700,000 in energy savings annually,” said Amy Khor, Senior Parliamentary Secretary
      383 words
    • 216 10 NEXT month, Singapore will play host to an illustrious line-up of speakers headed by former British prime minister Tony Blair. Here for the National Achievers Congress at the Singapore Expo during April 27-29, all the speakers are sought-after authorities in
      216 words
    • 349 10 Tickets for tomorrow sold out on the first day of sales LAST-MINUTE touches are being made to Universal Studios before it opens to the public tomorrow but all the rides are expected to be operational. Earlier, Resorts World Sentosa (RWS)
      ARTHUR LEE  -  349 words
    • 290 10 PARENTS in search of a new stomping ground for their kids should take note: The Kidz Academy 2010, a three-day event starting on Friday, will see about 50 exhibitors offering anything from courses in wushu, baby percussion, hip hop, music and
      290 words
    • 441 10  -  By MELISSA LWEE BEARING in mind the old adage that the show must go on, the Audi Fashion Festival (AFF) will be returning to the Ngee Ann City Civic Plaza for a second instalment from April 28 to May 2, promising to be
      441 words

  • PREMIUM PROFESSIONALS
    • 1101 11  -  The sector is counting on cargo moving again this year, reports TEH SHI NING TEH SHI NING NOT spared the rippling effects of last year’s global recession, marine insurance took a beating as trade and cargo volumes plunged. It is only gradually beginning to recover.
      1,101 words
    • 696 11  -  By TEH SHI NING RAYMOND Tan’s six-week stint with Markel International included two weeks with its London office, during which his home was an all-expenses-paid serviced apartment in the heart of the City. So when he describes the three-month-long Global Internship Programme (GIP) he participated
      696 words
    • 343 11 SINGAPORE’S maritime industry has grown significantly over the years. It has evolved from offering ship-repair, shipbuilding, rig-building, offshore engineering and ancillary marine support services into a world-class industry that serves not only the local economy but the region and beyond. It is
      343 words
    • 672 11  -  By TEH SHI NING ONE of the strongest selling points of the General Insurance Association’s annual Global Internship Programme (GIP) is the overseas work placements it offers. But GIP participant Linda Soh’s memories from the programme differed from her fellow interns’ stories
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  • Page 11 Advertisements

  • ECONOMY WATCH
    • 641 12 It can withstand removal of govt and Fed stimulus plans: economists Bloomberg [NEW YORK] The US housing market is poised to withstand the removal of government and Federal Reserve stimulus programmes and rebound later in the year, contributing to annual economic growth for the
      Bloomberg  -  641 words
    • 545 12 Data suggests worst of stress could be over for consumers Reuters [NEW YORK] Credit card delinquency rates improved at JPMorgan Chase Co and most other major US lenders last month, showing fewer Americans are falling behind on bills and providing some evidence that
      Reuters; REUTERS  -  545 words
    • 308 12 Reuters [SYDNEY] Australia’s central bank expects to raise interest rates further to keep pace with a buoyant economy and rising home prices Minutes of the Reserve Bank of Australia’s (RBA) March policy meeting released yesterday showed it decided to raise interest rates
      Reuters  -  308 words
    • 465 12 Bloomberg [BRASILIA] Brazil will break intellectual property rights on US-made prescription drugs, music, books, software and movies in a bid to force Washington to end cotton subsidies that violate global trade rules. Brazil’s government submitted a list of products for
      Bloomberg  -  465 words
    • 445 12 Reuters [LONDON] The British government yesterday rejected calls by the European Commission for it to do more to cut its ballooning budget deficit in the medium term, saying such action would damage public services. “We think the EU has got the judgement wrong,” Treasury
      Reuters  -  445 words
  • Page 12 Advertisements
    • 77 12 SS TIMES "Some... necessities lead -to„ luxuries'' s Pore forward- »is tff I m. 1 A ij i! 11 m p RHEIDSIfC' For a limited period only, new home subscribers to The Business Times for a year will enjoy the opulence of having your bottle of champagne coupled with a
      77 words

  • MALAYSIA/INDONESIA
    • 448 13  -  EGM on Monday leads to appointment of 7 new EON directors By S JAYASANKARAN in Kuala Lumpur A NEW takeover offer from Hong Leong Bank for EON Capital may be in the pipeline, now that a new EON board of directors
      BLOOMBERG  -  448 words
    • 159 13 Reuters [BANGKOK] Indonesia, South-east Asia’s biggest sugar consumer, will maintain its sugar imports from Thailand at around one million tonnes this year, a Thai industry official said yesterday. “Indonesia should import a total of 2.2 million tonnes this year, of which around
      Reuters  -  159 words
    • 331 13 AP [NILAI, Malaysia] Coca-Co-la Co said yesterday it will build a new bottling plant in Malaysia and invest RM1 billion (S$420 million) over the next five years to boost growth in the South-east Asian market. The investment comes as the world’s
      AP  -  331 words
    • 242 13 AP [KUALA LUMPUR] The former head of Malaysia’s main ethnic Chinese party announced yesterday he would contest the post again, setting the stage for a bitter power struggle in a key member of the ruling coalition. The announcement quashes hopes of an amicable
      AP  -  242 words
  • Page 13 Advertisements
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  • GREATER CHINA
    • 645 14 Remarks come after US lawmakers push for tougher stance over yuan policy Reuters [BEIJING] China yesterday shunned mounting US demands for a stronger yuan, saying again that its currency is not the cause of its big trade surplus and vowing
      Reuters  -  645 words
    • 460 14 AFP [SYDNEY] Rio Tinto is in talks with China’s Chinalco on a massive mining project in Guinea, reports said yesterday, raising hopes of a rapprochement which could unlock one of the world’s biggest iron ore fields. The mining giant is
      AFP  -  460 words
    • 637 14 Fundraising overhang subsides but investor demand still strong Reuters [BEIJING] China’s banks can be excused for wishing that the next few quarters bring them a boring stretch of business. After all, the past year was topsy-turvy, from the highs of an
      Reuters; REUTERS  -  637 words
    • 292 14 AFP [SINGAPORE] The golf World Cup is to become a biennial event from 2011 with prize money boosted to US$7.5 million and the tournament moved to China’s Hainan island, organisers said on Monday. The re-positioning of the tournament, played at Mission
      AFP  -  292 words
    • 372 14 Reuters [BEIJING] Google should obey Chinese government rules even if it decides to retreat from the country over hacking and censorship complaints, a Chinese government spokesman said yesterday. Investors have sold off Google Inc shares after signs that
      Reuters  -  372 words
  • Page 14 Advertisements
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      114 words
    • 67 14 located at Level 4 Food for your soul Zenden's creative menu and contemporary cuisine is inspired by the arts memorable, provocative, always inventive. Feed your soul at our lunch buffet offer at $23 per person or have our one-for-one dinner main course. Call us now on 6849 8686 for reservations.
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  • INDIA
    • 582 15 IMG, Reliance plan to set up elite sports academy to train athletes in India Bloomberg [MUMBAI] IMG Worldwide, which manages the careers of Tiger Woods and Maria Sharapova, is teaming up with Asia’s richest man to popularise games including basketball and soccer
      Bloomberg; REUTERS  -  582 words
    • 465 15 Washington, Delhi to ink trade and investment deal Reuters [WASHINGTON] A top US official on Monday urged India and other large emerging economies to rescue the eight-year-old Doha round of world trade talks by making better offers to open their
      Reuters  -  465 words
    • 279 15 AFP [MUMBAI] India’s film industry revenues declined by nearly 14 per cent last year, hit by a damaging producers’ strike, swine flu fears and poor quality content, according to a study published yesterday. The sector was worth 89.3 billion rupees (S$2.7 billion) in 2009, down
      AFP  -  279 words
  • Page 15 Advertisements
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    • 31 15 60,000 Hotels Worldwide Best Rates Instant confirmation www.luxury.com.sg Luxury Tours Travel Pte Ltd 100 Orchard Rd #02-46 Concorde Hotel Shopping Mall (S) *****0 Tel: 6733 2808 Fax: 6732 7928 Email: enquiries@luxury.com.sg
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    • 2804 15 MobileOne Ltd (Incorporated in the Republic of Singapore) (Company Registration No. *****6031W) NOTICE OF ANNUAL GENERAL MEETING 0 NOTICE IS HEREBY GIVEN that the 8th Annual General Meeting of the ordinary shareholders of the Company will be held at Singapore Marriott Hotel, Ballroom III, Level 3, 320 Orchard Road, Singapore
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  • ASIA-PACIFIC/WORLD
    • 607 16 New proposals risk sparking trade war by limiting US funds’ access to EU Bloomberg [BRUSSELS] European finance ministers meeting in Brussels yesterday opted to delay plans to discuss hedge fund and private equity regulation that would have risked a trade war by
      Bloomberg  -  607 words
    • 438 16 But the 1,336-page document faces difficult passage AP Reuters [WASHINGTON] US Senate Banking Committee chairman Chris Dodd on Monday unveiled his much awaited bill to restructure the country’s federal financial regulations. The 1,336-page bill, which includes provisions negotiated with Republicans, is the
      AP; Reuters  -  438 words
    • 529 16 Reuters [SEOUL] South Korea yesterday appointed its OECD envoy as the new central bank chief. Kim Choong-soo, 62, had been seen as an outside choice for the job with most media speculation focusing on a close aide to President Lee Myung-bak. But
      Reuters; AP  -  529 words
    • 405 16 LATEST US DATA Bloomberg [WASHINGTON] Housing starts fell in February as record snowfall in parts of the country hampered construction, while fewer building permits signalled demand is stagnating. Builders broke ground on 575,000 homes at an annual rate last month, down 5.9 per cent
      Bloomberg  -  405 words
  • Page 16 Advertisements
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      115 words
    • 174 16 il ireEmSilIIBSBUBSfS I) i HKi 11*tf IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CITCO TRUSTEES (SINGAPORE) LIMITED (IN MEMBER'S VOLUNTARY LIQUIDATION) (Company Registration No. *****5703W) NOTICE TO SUBMIT PARTICULARS OF DEBTS OR CLAIMS Notice is hereby given that the creditors of the abovenamed
      174 words
    • 98 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CITCO TRUSTEES (SINGAPORE) LIMITED (IN MEMBER'S VOLUNTARY LIQUIDATION) (Company Registration No. *****5703W) NOTICE OF MEMBER'S VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Member of the abovenamed company held on 8
      98 words
    • 167 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CITCO CHINA PTE LTD (IN MEMBER'S VOLUNTARY LIQUIDATION) (Company Registration No. *****9608G) NOTICE TO SUBMIT PARTICULARS OF DEBTS OR CLAIMS Notice is hereby given thatthe creditors of the abovenamed Company, whose debts or claims have not
      167 words
    • 107 16 Key points after eliminating some bold proposals, Page 18 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CITCO CHINA PTE LTD (IN MEMBER'S VOLUNTARY LIQUIDATION) (Company Registration No. *****9608G) NOTICE OF MEMBER'S VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting
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  • WORLD
    • 568 17 Smooth progress puts need for separate resolution unit in doubt Reuters [NEW YORK] Lehman Brothers Holdings Inc filed a plan with the US bankruptcy court in Manhattan on Monday to wind down its remaining assets and operations and end the largest US bankruptcy
      Reuters  -  568 words
    • 349 17 Reuters [NEW YORK] Lehman Brothers Holdings ousted whistle blower Matthew Lee just weeks after he had raised concerns with Lehman’s auditor about the firm’s accounting in 2008, the Wall Street Journal said, citing people familiar with the matter. Mr Lee, a former senior vice-presi-dent
      Reuters  -  349 words
    • 102 17 [PARIS] US film director Tim Burton (left) was named Officer of Arts and Letters and French actress Marion Cotillard (second from left) was named Chevalier of Arts and Letters on Monday at an awards ceremony at the Culture Ministry in Paris. They are
      AH  -  102 words
    • 725 17 It aims to bridge digital divide with 90% cover in 10 yrs AFP LAT-WP [WASHINGTON] US regulators unveiled on Monday details of an ambitious plan designed to vault the United States into the ranks of world leaders in high-speed Internet access over the next decade.
      AFP; LAT-WP  -  725 words
    • 594 17 Projects worth up to US$250m beat all other benchmarks AP [LOS ANGELES] The estate of Michael Jackson has landed the late King of Pop the biggest recording deal in history: a US$200 million guaranteed contract with Sony Music Entertainment for 10 projects over
      AP; FILE PHOTO  -  594 words
    • 1020 18 Global consensus on new rules to avoid another financial crisis not in sight FINANCIAL REFORM AP [NEW YORK] US policymakers are struggling to agree on new rules to avoid another financial crisis. A global consensus? Even harder. Efforts are raging on three continents, with
      AP  -  1,020 words
    • 492 18 NYT [WASHINGTON] Senator Chris Dodd’s second draft of financial reform legislation tracks closer to the legislation that passed the House in December, eliminating several of the bold reforms he proposed last fall. But Republicans remain opposed, despite Mr Dodd’s decision to incorporate their
      NYT; BLOOMBERG  -  492 words
    • 220 18 Bloomberg [WASHINGTON] Senator Christopher Dodd’s draft legislation to regulate the US$605 trillion private swaps market makes it easier to exclude trades from being processed by clearinghouses, compared with his plan released in November. The draft no longer contains a section requiring federal regulators
      Bloomberg  -  220 words
    • 544 18 New bill ‘clamps down on conflicts of interest’ at the Fed Reuters [NEW YORK] The New York Federal Reserve Bank’s president would become a political appointee and bank chiefs such as JPMorgan Chase’s Jamie Dimon could no longer sit on the board
      Reuters  -  544 words
    • 371 18 He tried to mislead regulators in bank’s bid for Tarp money NYT [NEW YORK] A former president of the Park Avenue Bank in Manhattan was charged on Monday with fraud, embezzlement and bribery in what the authorities called the first criminal case of trying
      NYT  -  371 words
  • Page 17 Advertisements
    • 37 17 mllfodkfSg 0 0 0 0 f i ;a? irm-" For Details, Log On To II sgtravellers.c* ultimate travel resource bt) SPH to Prizes sponsored by Cathay Pacific Airlines CATHAY PACIFIC r /•j-A-: If rg?.-; v.. -T" ■afcv
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  • Page 18 Advertisements
    • 81 18 Get holiday updates in SPH Travel Supplements (ST/ZB) Natas Travel 2010 Feb 25/26 Spring Sensations Mar 23/25 Holiday Fiesta Apr 13/15 Natas Summer Journeys (New) Apr 30/May 1 Value Vacations Jul 13/15 Natas Holidays 2010 Aug 26/27 Autumn Pelights Sep 21/23* Natas Winter Journeys (New) Oct 8/9* Travel Malaysia 2010
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  • Transport HUB
    • 816 19 Brown risks major fallout with key union backers ahead of general election AP [LONDON] British Prime Minister Gordon Brown waded into the acrimonious dispute between British Airways plc and its cabin crew on Monday, calling a planned strike “deplorable” and risking a
      AP  -  816 words
    • 285 19 AFP [SHANGHAI] Shanghai yesterday opened a new terminal at its domestic airport, as China’s sec-ond-largest city prepares to welcome tens of millions of visitors to the Expo 2010 starting in May. The first flight to depart from Hongqiao Airport’s new terminal, four times bigger
      AFP; AP  -  285 words
    • 266 19 [SINGAPORE] SilkAir will start daily flights between Singapore and Bangalore from May 17, and daily flights between Singapore and Chennai from June 14. With the addition of these two cities, SilkAir will fly to six points in the country. The other Indian
      266 words
    • 2902 19 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi EY470 2200 SQ456 1245 Adelaide LH9771 1740 9W4082 2215 SQ268 1740 AF8088 2215 VS7268 1740 BA7382 2215 JL5083 2215 --QF82 2215 LH9770 2350 SQ269 2350 VS7269 2350 Ahmedabad NH6293 0710 SQ531 0710 Amsterdam LO4031 0610 MP96 1150 SQ323 0610
      2,902 words
  • Page 19 Miscellaneous
    • 349 19 CRYPTIC CROSSWORD Across 1 Leaves half of silt in warehouses (8) 5 Son caught monkey after effort initially to run away (6) 9 Faithful travellers (8) 10 Vinyl record’s crackling still (6) 12 Fix his tables when broken (9) 13 Boy and father returned to confess (5) 14 Exercises with
      349 words

  • TRANSPORT HUB: SHIPPING
    • 639 20  -  Biennial APM gets underway next week STRAIT TALK By DAVID HUGHES IN A WEEK’S time, the Singapore Expo should be buzzing as Asia Pacific Maritime (APM) 2010 gets underway. I suspect the organisers have been lucky with their timing. Being biennial, the show missed
      639 words
    • 501 20 But brokers say cargo demand must rise to maintain momentum Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, hit fresh two-month highs on Monday, but brokers said cargo demand needed to rise to maintain this momentum. They
      Reuters  -  501 words
    • 829 20 Reuters [LONDON] Undeveloped land owned by Forth Ports has emerged as the wild card in the company’s valuation as a group of shareholders attempt to take Britain’s last remaining listed port operator private. Shares in the British ports company jumped more than
      Reuters; BLOOMBERG  -  829 words
    • 281 20 SGX '000 Mar 16 S$ +/-Vol CH Offshore 0.65 unch 494 Chuan Hup Hldgs 0.30 -0.01 40 Cosco Corp 1.27 0.02 ***** CWT Ltd 1.06 0.06 5122 Ezra Hldgs 2.47 0.07 3415 First Ship Lease 0.61 unch 774 Freight Links 0.05 unch 266 Grand Banks unch unch 0
      281 words
  • Page 20 Advertisements
    • 185 20 Howto run a business without running out of ideas. THE MAGAZINE Daughters off a better age Replicating Aid SMEt might fly SPRiNG II HII 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
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    • 3 20 THJ. mm, MX
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    • 26 20 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. SATS NOTICES
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  • ASIA PACIFIC MARITIME 2010
    • 458 21  -  China, India among the more prominent shipbuilding nations, reports VINCENT WEE VINCENT WEE THE presence of Asian shipbuilding powers at Asia-Pacific Maritime 2010 is going from strength to strength, with greater numbers of exhibitors from each of the countries taking part. The number of exhibitors
      458 words
    • 381 21  -  By VINCENT WEE AMONG the emerging shipbuilding new powers, China stands out for its sheer size and volume of production. It already tops the world in terms of new orders received last year, and ranks second in terms of tonnage and number of vessels
      BLOOMBERG  -  381 words
  • Page 21 Advertisements
    • 252 21 Asia Pacific MARITIME THIS IS THE ONE 11 th edition CONNECTING YOU TO INTERNATIONAL MARITIME PLAYERS 24 26 March 2010 Singapore Expo Halls 3 and 4 www.apmaritime.com Opening Hours 24 25 March 2010 26 March 2010 (Wed&Thur) (Fri) 1000-1900hrs I000-I700hrs A Network w o|ave interna' ltio nal Pavers U Register
      252 words
    • 22 21 March 24-26, 2010 Singapore Expo Halls 3 and 4 Opening hours March 24-25, 2010 (Wed Thurs) 1000-1900hrs March 26, 2010 (Fri) 1000-1700hrs
      22 words

  • TRANSPORT HUB: LAND
    • 859 22 If he fails to keep up with younger rivals, it’ll hit car maker’s brand image Bloomberg [MADRID] Mercedes-Benz scored a publicity coup by luring Michael Schumacher out of retirement to race for its new Formula One team. It might backfire if he can’t keep
      Bloomberg; AP  -  859 words
    • 140 22 Reuters [SINGAPORE] German luxury carmaker Daimler and its French rival Renault are in talks about taking equity stakes in each other to forge a long-term cooperation, the Financial Times reported yesterday. Citing sources, the FT said the possible alliance would
      Reuters  -  140 words
    • 402 22 AP [SHANGHAI] China is urging its carmakers to upgrade quality and set up accountable recall systems to handle defects, amid growing awareness of such issues following Toyota’s recent recalls. Chinese vehicle sales surged 45 per cent last year, to over 13 million units, making
      AP  -  402 words
    • 628 22 NYT [NEW YORK] About 3,000 taxi drivers here routinely overcharged riders over two years by surreptitiously fixing their meters to charge rates that would normally apply only to trips outside the five boroughs, according to the city’s Taxi and Limousine Commission. The
      NYT; XINHUA  -  628 words
    • 283 22 THE Land Transport Authority (LTA) has dialled into a combination of mobile and location-sensing technology in its latest attempt to smoothen the journey for commuters and motorists. The transport regulator yesterday introduced a new mobile website which consolidates the most-used information from
      283 words
  • Page 22 Advertisements
    • 156 22 This is the second of four "Going Global" series of talks organised by the Action Community for Entrepreneurship (ACE) and The Business Times, where a prominent business leader and trailblazer shares his or her company's expansion and experience in the global market. GOING GLOBAL SERIES LESSONS FROM THE US OSIM
      156 words

  • SINGAPORE STOCKS
    • 9031 23 Transaction date: Mar 16 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 3 3148 8Telecom 17 +0.5 266 17 16.5 16.5 17 1.7 10.6 5.5 81.4 10 2.5 5834
      9,031 words
    • 1646 24 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
      1,646 words
    • 481 24 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 $mil 111 107 6389 ABF SG Bond ETF 109.5 109.5 110 499.8 849 449 CIMBAsean40 100US$ US844 +2 100 845 843 844 846 33.8 298
      481 words
    • 263 24 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 $mil 56 24 6000 AVJennings A43.5 -4 8 44 43.5 44 48.5 3.6 8 3.5 113.3 31 6.5 6017 Genting HK US$ US20.5 unch 817
      263 words
    • 9342 24 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.21/ 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 0.6576/ Asian Credit Fund 1.2457/ Asian
      9,342 words


  • FINANCE & COMMODITIES
    • 365 25 In local curr In S$ In US$ dy yr dy yr dy yr Mar 15 Index Change Change Change Change Change Change World Index Preliminary 848.8 -0.5 2.0 -0.5 0.4 -0.7 0.9 EAFE Preliminary 794.8 -0.5 1.3 -0.7 -1.8 -0.9 -1.3 Europe Preliminary 1137.5 -0.7
      365 words
    • 66 25 Mar 16 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 10 2601 2605 2618 2585 395 8172 May 10 2590 2586 2602 2562 6318 ***** Jun 10 2576 2569 2586 2546 ***** ***** Jul 10 2562 2553
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    • 29 25 Mar 16 Open High Sett STI Mar 2875 2899 2891 SIMSCI Mar 339.1 344.8 343.9 Taiwan Mar 274.5 275.8 275.8 Source: MF Global (S) Pte. Ltd
      29 words
    • 22 25 Mar 16 S$ Bid Offer 1-month 1.3971 1.3984 2-months 1.3972 1.3986 3-months 1.3974 1.3988 6-months 1.3980 1.3994 Source: OCBC
      22 words
    • 85 25 Mar 16 (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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    • 371 25 Mar 16 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.6150 0 4047 Sep10 99.4250 0 2497 Dec10 99.1300 0 1893 Mar11 98.7700 0 3781 EUROYEN TIBOR FUTURES Jun10 99.6150 99.6250 99.6150 99.6300 1050 3496 Sep10 99.6450 99.6450 99.6400 99.6350 0 4008 Dec10 99.6500 99.6500 99.6450
      371 words
    • 179 25 Mar 16 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Apr 10 328.0 678 May 10 323.0 323.0 323.0 10 672 Jun 10 320.0 780 Jul 10 318.0 380 Aug 10 316.0 230 Sep 10 315.0 350 TSR 20
      179 words
    • 80 25 Mar 16 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 17.06.2010 0.38 0.32 0.30 1-Year BY*****N 01.11.2010 0.38 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.29 5-Year N*****0N 1.375 01.10.2014 100.33 7-Year N*****0S
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    • 132 25 Mar 16 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2650 1.3040 Can dollar 1.3630 1.3790 Euro 1.8990 1.9220 NZ dollar 0.9750 0.9960 Sterling pound 2.0920 2.1160 US dollar 1.3890 1.4050 Local dollars to 100 units of foreign
      132 words
    • 177 25 Mar 16 $S Offer Bid Overnight 0.08 0.03 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 0.06 US$ 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
    • 2502 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 unch 48 1 4 20 2.50 23 2036 Advance SCT W*****9 0.5 1 87 2088
      2,502 words
    • 465 25 Mar 16 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.932 6.240 0.669 7.094 41.674 83.777 0.825 10.361 3.039 1.299 77.159 41.793 1.278 6.779 0.970 29.084 29.667 0.609 0.914 Canada 1.073 6.695
      465 words
    • 141 25 Mar 16 GOLD (US$/oz) Mar 15 Mar 16 Hong Kong 1105.70 1111.50 Mar 12 Mar 15 London 1108.70 1102.30 1109.50 1103.30 CAST BAR Mar 16 (S$) Selling Buying Kilobar "53,455.06" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 119.84 50 5gm 340.26 249 10gm 607.76 499 20gm 1143.83
      141 words
    • 154 25 Mar 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2766 1.2784 0.9139 0.9143 Canadian dollar 1.3699 1.3716 0.9807 0.9810 Euro 1.9087 1.9108 1.3664 1.3666 NZ dollar 0.9824 0.9842 0.7033 0.7039 Sterling pound 2.0958 2.0981 1.5003 1.5006
      154 words
    • 71 25 Mar 15 Mar 15 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2193.80 2229.95 3 months 2227.00 2260.50 Copper, Grade A (US$/tonne) Cash 7271.50 7412.00 3 months 7305.00 7445.00 Lead (US$/tonne) Cash 2176.00 2239.75 3 months 2204.00 2265.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • 105 25 Mar 15 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 10 930.00 925.50 933.25 921.75 Jul 10 937.50 933.50 940.75 930.00 Aug 10 935.50 933.00 938.00 927.75 Sep 10 921.50 922.00 925.25 921.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 10 38.75 39.55 39.65
      105 words
    • 77 25 Mar 15 COCOA (£/tonne) Close Prev High/Low Mar 10 2175 2203 2210/2172 May 10 2201 2230 2227/2189 Jul 10 2193 2226 2223/2184 Sep 10 2140 2172 2170/2137 COFFEE (US$/tonne) Close Pev High/Low Mar 10 1201 1203 1188/1188 May 10 1225 1227 1236/1212 Jul 10 1260 1261 1266/1248 SUGAR (US
      77 words
    • 77 25 CRUDE OIL PRODUCTS Mar 15 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 78.21 -2.44 WTI (Near Mth) 79.75 -1.47 Dubai (1-Mth F) 77.35 -2.22 Tapis blend 82.00 -2.30 Minas 80.60 -2.30 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 80.94 -0.84 Jet Kerosene 87.75 -1.00 US$/barrel Opec Oil
      77 words
  • Page 25 Advertisements
    • 97 25 EUR/USD from only 1 pip No re-quotes Tight spreads Over 60 major and exotic currency pairs One-click dealing on live streaming prices Advanced charting Open a demo account today. CFD trading can result in losses that exceed your initial deposit. IG MARKETS r get thinking FX/CFD trading igmarkets.com.sg IG Markets
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  • EDITORIAL & OPINION
    • 507 26 EDITORIAL AN official report released last week, showing that for decades the Japanese people were deceived into believing that the nation’s “three non-nuclear principles” were being upheld by the government when in fact they may have been breached repeatedly, does not make
      507 words
    • 786 26  -  It makes possible a new level of system intelligence, also known as ‘service management’ By CHUNG HAO NING The writer is the country leader, cloud computing, IBM Singapore DESPITE enormous advances in computing power, the world’s IT infrastructure already under severe stress from today’s computing
      BLOOMBERG  -  786 words
    • 776 26  - China: where your rights are protected in theory THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator IN many ways, the Chinese Constitution is a marvellous document. It guarantees Chinese citizens a host of rights, including “freedom of speech, of the press, of assembly, of
      776 words
    • 1372 27  -  His thrust for exports shows he is adopting a more activist stance on global trade issues LEON HADAR Washington Correspondent MOST of the purveyors of the conventional wisdom in Washington concluded a while ago that President Barack Obama would not be able to
      AP  -  1,372 words
    • 600 27  -  By DAVID PAULY David Pauly is a Bloomberg News columnist. The opinions expressed are his own BANKERS should be a humble crew. Their reckless trading almost ruined the world economy. But they are as arrogant as ever. While bank chiefs pay lip service to
      600 words
    • LETTER TO THE EDITOR
      • 522 27  -  Sonnan Giang Executive director Singapore Institute of Directors WITH the recent formation of the new Corporate Governance Council and the calls in the press to professionalise directorships in Singapore, the Singapore Institute of Directors (SID) thought that it would be timely to reiterate our
        522 words
      • 152 27  -  Denis Distant I REFER to the column “The curious case of Jardine the STI” (BT, March 15), which hopefully the Singapore Exchange (SGX) will note and follow up with remedial action to prevent manipulation of the index. There is another odd situation which
        152 words
      • 316 27  -  Narayana Narayana YOUR Hock Lock Siew column, “The curious case of Jardine the STI” (BT, March 15), highlights for probably the umpteenth time the incongruous behaviour of the Straits Times Index (STI) which was “pushed significantly higher on five successive days”, helped by the
        316 words

  • Page 27 Advertisements
    • 103 27 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
      103 words

  • 6646 28 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN RTM/ANR/TIL *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination SAN SIMEON NEW ORLEANS/CAMDEN *Loads E./W.
    6,646 words
  • Page 28 Advertisements

  • Page 29 Advertisements
    • 34 29 3 THE BUSINESS I I IVIES Legal required by shippers owners Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES
      34 words

  • executive Money
    • 1239 30  -  The surge of over US$700b in risky, high-yield corporate debt that begins to come due in 2012 may create a glut in debt markets By NELSON SCHWARTZ NYT WHEN the Mayans envisioned the world coming to an end in 2012 at least in the Hollywood
      NYT; AP  -  1,239 words
    • 369 30 For completed projects FLOATING PACKAGES PRICING Interest rate Year 1 Year 2 Year 3 Year 4 onwards Base rate PENALTY PERIOD FIXED PACKAGES PRICING Fixed rate period Interest rate Year 1 Year 2 Year 3 Year 4 onwards PENALTY PERIOD SIBOR SOR Package PRICING Interest rate
      369 words
    • 1019 31  -  There is ample liquidity looking for safe harbour and diversification MONEY MATTERS CHEW SOON GEK The writer is head of portfolio management and investment strategy Asia, Clariden Leu OVER the last few weeks, sovereign debt fears within the developed economies have escalated. The
      Source: IMF Forecasts and Laubach (2003); Source: Datastream, Clariden Leu Ltd/IDC, 2010  -  1,019 words
  • Page 30 Advertisements
    • 79 30 VA I 8 i OCBC Securities Trade shares globally like you're there? Let's talk. To start trading in foreign markets with and .contact your Trading Representative, call our hotline on 1800 338 8688 or visit www.iocbc.com today. Get a FREE 1 GB thumbdrive! Every 8 th person who sends an
      79 words
    • 11 30 MONEY MATTERS Emerging market bonds is way to go PG 31
      11 words

  • Page 31 Advertisements
    • 416 31 SOHO 0 INSPIRING I PROGRESSIVE CORPORATE OFFICE DESIGN SOLUTIONS CORPORATE OFFICES PRIVATE RESIDENCES COMMERCIAL ESTABLISHMENTS SHOW FLATS CONSERVATION PROJECTS •ARCHITECTURE AND INTERIOR 102 AMOY STREET SINGAPORE *****2 t: 6222 3007 f 6224 3007 w www.sohodp.com SOHO XBRL Reporting from $180* www.xbrl-filing.com.sg Whether you are looking for real value or speed,
      416 words

  • Page 32 Advertisements
    • 535 32 db x-trackers Deutsche Bank ETFs n i j China A-share and MSCI Indonesia World's 1 st UCITS Ill-compliant ETFs Capture the potential of China and Indonesia China's GDP growth has exceeded 7% every year since 1991 Indonesia's GDP growth per capita was the fastest in Asia over the past 5
      535 words