The Business Times, 18 March 2010
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2010-03-18
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The Business Times
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Title Section23 2010-03-18 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Thursday, March 18,201023 words
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588 2010-03-18 1 S JAYASANKARAN - Krishnan back in the news with RM8.5b deal for Astro All-Asia Networks By in S JAYASANKARAN in Kuala Lumpur IN one of the year’s largest corporate transactions, Astro Holdings, a special-pur-pose vehicle controlled by tycoon T Ananda Krishnan, yesterday proposed an588 words
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Article, Illustration877 2010-03-18 1 CHEN HUIFEN - Wave of consolidation among pharma giants leads to tweaking of future growth strategy in biomed sector; medtech may hold the key By CHEN HUIFEN [SINGAPORE] The biomedical sciences (BMS) sector has been hit by a wave of consolidations among pharmaceutical giants andBLOOMBERG - 877 words
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Article141 2010-03-18 1 ST INDEX 2,919.30 (+22.87) ST INDEX FUTURES 2,919 (+28) SIMSCI 347.66 (+3.75) SIMSCI FUTURES 347.10 (+3.20) FOREX US$ S$ US$ (S$ per US$) 1.393 (US$/S$ per 1.525 2.123 EURO (US$/S$/E) 1.380 1.922 Foreign currency per US$ S$ YEN 90.50 65.00 RM 3.298 2.368 HK$ 7.761 5.574 BAHT 32.35141 words
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Page 1 Advertisements
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Advertisement53 2010-03-18 1 PROPERTY JTC looks for external ideas to boost land use INTEREST RATES Wall Street hums to Bernanke’s tune SINGAPORE ECONOMY February exports jump 23% PAGE 3 PAGE 2 PAGE 31 BizIT Google plans to lift Singapore headcount PAGE 26 Tiger’s return a boon to sponsors PAGE 2 Augusta a wise53 words
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Advertisement113 2010-03-18 1 With its beautiful subtle styling, unrivalled performance and legendary craftsmanship, the Continental Flying Spur irrefutably epitomises the peak of success. The quest for perfection has driven Bentley to refining it with enhanced dynamics, exceptional cabin comfort and more bespoke options for greater personalisation. The Continental Flying Spur remains unmistakeably a113 words
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TOP STORIES
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Article, Illustration893 2010-03-18 2 Nike, Electronic Arts among those who welcome his return AP Bloomberg [NEW YORK] Tiger Woods’ return to the golf course is a long-awaited boon to sponsors that stood by him and marketers who stand to get big exposure from the big MastersAP; Bloomberg; REUTERS - 893 words
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Article383 2010-03-18 2 FOLLOWING is the text of the US Federal Reserve policymaking panel meeting on Tuesday, after it maintained the current policy of near-zero rates to stimulate the economy: Information received since the Federal Open Market Committee met in January suggests that economic activity has continued to strengthen383 words
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Article531 2010-03-18 2 S’pore swallows pharma merger pill and looks ahead THE biomedical sciences sector has been hit by a wave of consolidations among pharmaceutical giants and Singapore is tweaking its strategy to ride the storm. Even though current numbers look rosy, future growth could come from medical technology rather than531 words
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Article, Illustration744 2010-03-18 2 ANDREW MARKS - Central bank again opts to keep rates at a record low of 0.25% to zero By ANDREW MARKS in New York LIKE a well-tuned orchestra that knows how to play to its audience, the US Federal Reserve hit all theAP - 744 words
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596 2010-03-18 2 VEN SREENIVASAN - One of them faces first-ever extradition request by Britain’s FSA By VEN SREENIVASAN [SINGAPORE] Two Singaporeans and a Briton have been arrested by the British regulatory watchdog for insider trading on the London bourse. The United Kingdom’s Financial Services Authority (FSA) has arrested596 words
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Article, Illustration512 2010-03-18 3 CHUANG PECK MING - Economists see final demand returning; surge driven by pharmaceutical and electronics sectors By CHUANG PECK MING [SINGAPORE] Export demand is back, as non-oil domestic shipments last month exceeded expectations and jumped 23 per cent from a year ago. The increase, powered by stronger electronicSource: IE Singapore - 512 words
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Article, Illustration666 2010-03-18 3 LEE U-WEN - One judge felt ousted premier gained little By LEE U-WEN [SINGAPORE] It has emerged that not all of the nine Supreme Court judges involved in the controversial Feb 26 ruling that seized the majority of former Thai premier Thaksin Shinawatra’s 76 billion bahtAP - 666 words
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588 2010-03-18 3 SIOW LI SEN - Report finds returns of UOB, OCBC pale in comparison By SIOW LI SEN [SINGAPORE] Malaysian, Thai and Indonesian banks are among the top performing banks as measured by relative total shareholder return (RTSR) of mid-cap banks over the last five years. While588 words
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Page 2 Advertisements
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Advertisement7 2010-03-18 2 Tiger has wisely chosen Augusta, Page 157 words
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Page 3 Advertisements
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Advertisement75 2010-03-18 3 Wji >> \V ■t£' n Sflv v\ %.VyV.' *A\V ••> >. lb--'**' RH Swiss quality also stands for knowledge. Ensuring your success with global mailings. Swiss Post offers you cross-border mailing options to make your business even more successful. You can count on us for daily mail, direct mailings, newspapers,75 words
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Advertisement91 2010-03-18 3 For the link to IE Singapore's release, go to www. businesstimes. com.sg A K Meeting the Growing Needs of Medical Technology with World Class Manufacturing Capabilities Held Concurrently with: GATE 10 MEDICAL TECHNOLOGY emDanHMCB Level2, Ballroom M€dTecti Manufacturing Conference EO 1 O •i I H H I a Organised by91 words
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COMPANY NEWS
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498 2010-03-18 4 Most of the funds to be used for asset enhancement and debt refinancing CAPITACOMMERCIAL Trust (CCT) is planning to raise at least $225 million and up to $250 million through a five-year convertible bond issue to be placed with institutional and accredited498 words
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517 2010-03-18 4 LYNETTE KHOO - By LYNETTE KHOO IN THE latest twist at Si-no-Environment, the key management of its subsidiaries in China have pledged their support to help restart business operations. In return, they are asking for the opportunity to subscribe for 20 per cent or more517 words
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593 2010-03-18 4 ARTHUR SIM - HOCK LOCK SIEW By ARTHUR SIM IT WAS not very long ago that Courts Singapore was delisted from the SGX. So, many will remember the low exit offers that its owner Singapore Retail Group (SRG) made in 2007 and 2008. The final593 words
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573 2010-03-18 5 LYNETTE KHOO - But Swing gives up all intraday gains while Epure ends the day 9.2% up By LYNETTE KHOO SHARES of Swing Media and Epure International were in the spotlight yesterday, as news of Swing’s dual listing plan renewed interest in this theme. Both573 words
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340 2010-03-18 5 KAREN NG - It made 25m yuan on 49% rise in revenue By KAREN NG CHINA Flexible Packaging Holdings’ net profit more than quadrupled from 5.8 million yuan to 24.9 million yuan (S$5.1 million) for its first quarter ended Jan 31. The packaging material manufacturer’s Q1340 words
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Article, Illustration537 2010-03-18 5 Reuters [MUMBAI/LONDON] Bharti Airtel looks set to land its US$9 billion purchase of Zain’s African assets, overcoming a stumbling block posed by an ownership spat over Zain’s Nigerian units. A dispute between Zain Nigeria and South Africabased Econet Wireless Holdings a minority shareholderReuters; REUTERS - 537 words
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Article286 2010-03-18 7 VEN SREENIVASAN - The US$42m complex boosts ST Aerospace’s hangar capacity worldwide By VEN SREENIVASAN ST AEROSPACE’S China joint-venture subsidiary Shanghai Technologies Aerospace Company (Starco) has opened a US$42 million hangar complex. The 14,200 sq m complex is at Shanghai’s new Pudong International Airport and complements existing operations286 words
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Article, Illustration322 2010-03-18 7 JOYCE HOOI - It posts Q3 gain of $2.3m, up from $69,000 previously By JOYCE HOOI STAMFORD Tyres Corporation Ltd’s shares broke their usually moribund state in trading yesterday, with an 8.1 per cent surge in share price from 18.5 cents to 20 cents. This sudden spike in interestFILE PHOTO - 322 words
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226 2010-03-18 7 SPH Magazines swept 15 awards in 17 categories at the Magazine Publishers Association of Singapore (MPAS) Magazine Awards 2010. SPH’s titles won five gold awards, eight silver and two bronze. Standing out among the 146 entries for the awards, SPH Magazines made226 words
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Article316 2010-03-18 7 GLENN CHEE - By GLENN CHEE IN A move to ride the massive growth in China, engineering solutions provider ISDN Holdings has completed the construction of ISDN High-Tech Industrial Park at Wujiang in Jiangsu province. ISDN China’s operations were previously scattered across Suzhou. But in 2007, it acquired316 words
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Page 4 Advertisements
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Advertisement346 2010-03-18 4 THINK INNOVATION SERIES Operational Excellence: Doing More With Less Innovative transformation on productivity is critical in achieving the target of two to three pre cent growth in Singapore. THINK Innovation Series! aims to address this challenge and provide a learning and knowledge-sharing platform focusing on productivity and innovation for Professionals,346 words
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Advertisement195 2010-03-18 4 FUJITSU Withoul a ScanSnap scan I'll not be so relaxed now. ler, §3 o a c: w > ScanSnap S1300. The new high performance mobile scanner makes document management a snap! Scan up to 8 double-sided pages per minute Holds up to 10 pages in the automatic document feeder Cross-platform195 words
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Page 5 Advertisements
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Advertisement244 2010-03-18 5 The Honda Accord Advantage. The largest and most powerful in its class. Move up to the new status sedan. Despite its large size and powerful engine, no other car in it's category has better fuel economy than the Accord 2.0L and 2.4L. This is a result of Honda's innovative i-VTEC244 words
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SINGAPORE MARKETS
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Article, Illustration616 2010-03-18 6 R SIVANITHY - Index rises 23 points; focus mostly on firms which have reportedly applied for dual listings in HK and China plays STOCKS R SIVANITHY Senior Correspondent IN CONTRAST to Tuesday when the Straits Times Index’s rise provided the main talking point in an otherwiseSource: Bloomberg - 616 words
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Article66 2010-03-18 6 Mar 17 VALUE CLOSE BT OB/OS 526.00 +218.0 BT CADI -*****.00 +161.0 BT 10-day MA -*****.00 +53.00 FTSE ST Mid Cap 701.40 +6.86 FTSE ST Small Cap 554.79 +4.60 FTSE ST All Share 719.99 +5.88 FTSE ST China Top 284.02 +3.25 FTSE ST China 300.75 +1.15 FTSE66 words
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Article186 2010-03-18 6 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 3 4 0 0 0 11 3 4 Manufacturing 77 37 75 6 4 16 83 41 91 Commerce 30 22 18 6 2 5 36 24 23 Tpt/Stor/Comms 22 6 14186 words
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BROKERS’ TAKE
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389 2010-03-18 6 FRASERS Centrepoint Trust (FCT)’s recently renovated Northpoint (NP) and its recently acquired Northpoint 2 (NP2) were officially opened last week. At the opening, the manager explained that the tenant mix has changed to incorporate more shops targeting youth389 words
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195 2010-03-18 6 WE INITIATE coverage of Mapletree Logistics Trust (MLT) with an “outperform” rating and a TP of $0.98. We view it as a proxy to Asian logistics real estate with strong growth potential through acquisitions and developments, aided by a195 words
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370 2010-03-18 6 LYNETTE KHOO - Healthway Medical March 17 close: $0.17 DMG PARTNERS SECURITIES, March 17 Compiled by LYNETTE KHOO STRENGTHENS position in Singapore with new medical centre: Healthway plans to open more specialist clinics in FY2010 and announced the establishment of Healthway Specialist Centre at TripleOne Somerset, which will occupy seven storeys about 150,000370 words
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Article119 2010-03-18 6 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 30,346 30,346 123,484 123,484 Manufacturing 566,638 30,341 596,979 228,955 6,821 235,776 Commerce 108,280 14,889 123,169 107,984 4,693 112,676 Tpt/Stor/Comms 91,265 2,026 93,291 176,001 310 176,311 Finance 36,423 36,423 270,969 270,969 Construction 45,622 8,783 54,405 12,762119 words
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Article113 2010-03-18 6 Stock name Close Change Stock name Close Change CapitaLand 4.100 +0.100 CapitaMall 1.870 +0.020 CityDev 11.000 +0.120 ComfortDelGro 1.580 Cosco Corp 1.280 +0.010 DBS Grp 14.440 +0.100 F&N 4.500 +0.100 Genting SP 0.965 +0.015 Golden Agri 0.570 HK Land 4.940 -0.010 JMH 33.200 -0.540 JSH 19.400113 words
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Article, Illustration513 2010-03-18 6 CURRENCIES Reuters [NEW YORK] The US dollar fell against most major currencies yesterday, still reeling from the US Federal Reserve’s continued commitment to keep interest rates low for an “extended period”, while the yen slipped after the Bank of Japan eased policy.Reuters; BLOOMBERG - 513 words
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Article54 2010-03-18 6 VOLUME Eastgate Tech 155,879,000 Genting SP 132,269,000 SwingMedia 65,463,000 Golden Agri 47,909,000 Qingmei 42,696,000 Ying Li 38,921,000 Healthway 37,862,000 Epure 30,717,000 CapitaLand 27,487,000 RafflesEdu 26,485,000 VALUE($) Genting SP 127,644,505 CapitaLand 111,997,950 UOB 94,589,320 Keppel Corp 81,024,910 OCBC Bk 65,183,350 DBS Grp 62,939,459 CityDev 45,312,080 SingTel 44,581,760 SGX54 words
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Article108 2010-03-18 6 BY CENTS CLOSE UP GLD 10US$ ***** 207.4 1.4 DBXT FTChina25 10US$ 2976 98.8 2.4 DBXT MSKorea 10US$ 4736 61.2 0.9 DBXT MSEurope 10US$ 4277 54.3 0.9 Lyxor China H 10US$ 1575 54.3 2.5 UOB 1898 40.0 2.2 UOB.ES.1003 1896 40.0 2.2 CityDev.ES.1003 1096 36.0 3.4 CIMBAsean40 100US$ 863108 words
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Article115 2010-03-18 6 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 5140-103.0 -1.4 JMH 3320 -75.2 -1.6 DBXT FTVietnam 10US$ 4498 -48.7 -0.8 STI 2950BNPePW*****0 11 -11.5 -51.1 UOB 5.05%NCPS 100 ***** -10.0 -0.1 JSH 1940 -5.6 -0.2 Creative Tech 530 -5.0 -0.9 Isetan 330 -5.0 -1.5 RSH Ltd 60 -5.0 -7.7115 words
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Article87 2010-03-18 6 Where S$ stands Mar 17 CHNG YR 2010 CLOSE FR Mar 16 S$ LOW S$ HIGH US$ 1.3914 0.43 1.4219 1.3973 Euro 1.9164 -0.16 2.0153 1.8959 Pounds 2.1337 -1.25 2.2776 2.0848 A$ 1.2830 -0.24 1.2923 1.2276 Yen* 1.5358 0.55 1.5927 1.5027 Rupiah* 0.***** 0.38 0.***** 0.***** Baht* 4.3037 0.0687 words
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Page 7 Advertisements
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Advertisement430 2010-03-18 7 ©2010 Ernst Young LLP. All Rights Reserved. n Financial reporting update Seminar 2010 Thursday, 25 March 2010 8:30 a.m. 5:00 p.m. Venue Grand Hyatt Singapore Level 3, Hibiscus Room 10 Scotts Road Singapore *****1 Registration closes on Monday, 22 March 2010 Registration/Enquiries Sharon Wun Tel: +65 6309 6932 Fax: +65430 words
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Advertisement684 2010-03-18 7 Looking for a Payroll Partner who... Understands your needs concerns Provides dedicated holistic support Gives you peace of mind Is technically competent At PayrollServe, we manage the Payroll outsourcing HR administration of hundreds of MNCs and SMEs in Asia. We also provide user-friendly payroll systems PayDay! and eACCPAY, that enable684 words
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SINGAPORE NEWS
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SINGAPORE ROUNDUP
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58 2010-03-18 8 THE Ministry of Information, Communications and the Arts (Mica) has launched a new social networking platform on www.sg called “LIVE@SG”. The portal aims to provide visitors with opportunities to network and make new friends while sharing anecdotes and experiences about how Singapore is indeed a58 words
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58 2010-03-18 8 THE National University Health System and Harvard University’s academic medical centre, Beth Israel Deaconess Medical Centre, are in discussions on how American and Singaporean doctors, scientists and medical students can work together in areas of research, education and clinical care. A memorandum of58 words
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585 2010-03-18 8 AMIT ROY CHOUDHURY - Linkup will enable customers to pay for purchases through their bank accounts By AMIT ROY CHOUDHURY ONLINE payments facilitator, PayPal yesterday announced plans to ramp up Singapore operations with more hires and a tie-up with DBS Bank which would make it585 words
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457 2010-03-18 8 TEH SHI NING - Injuries claims also rising, premiums unlikely to fall: GIA By TEH SHI NING MOTOR insurance’s losses shrank to $44.5 million last year, from 2008’s record loss of $214 million, thanks to better underwriting discipline and an initiative to improve claims reporting, the General Insurance457 words
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Article, Illustration492 2010-03-18 8 FELDA CHAY - It wants to have the biggest number of outlets in Singapore By FELDA CHAY IF sandwich chain Subway has its way, “eat fresh” may soon be a more familiar catchphrase than “I’m lovin’ it” in Singapore’s fast food-eating crowd. Subway’s co-founder Fred DeLuca said thatARTHUR LEE - 492 words
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Article204 2010-03-18 8 GLENN CHEE - By GLENN CHEE THE RSA Group has conducted two surveys to better understand human resource and recruitment issues in the biomedical sciences industry. The surveys, covering more than 420 professionals in the industry, show talent management to be the top priority for this year.204 words
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202 2010-03-18 8 WATER purification group Norit opened its Asia-Paci-fic headquarters in Singapore yesterday. Norit Asia Pacific was set up to manage the group’s operations in North-east and South-east Asia, Australasia and China, by strengthening direct sales and agent and distribution channels. Norit, which is based in202 words
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367 2010-03-18 8 ABIGAIL KOR - By ABIGAIL KOR BRANDING efforts are vital to achieving innovation success, research has found. The research Branding Innovation: A StrategiCom Study of Singapore SMEs explored how SME leaders perceive innovation, investigated the extent of innovation management and innovation success at SMEs and examined the367 words
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507 2010-03-18 8 JOYCE HOOI - Stress levels in 2009 were mid-range, with China worst: survey By JOYCE HOOI FOR once, Singapore has come in 18th on a list and will be happy to stay there. Local owners of privately held firms ranked a middling 18th on a stress507 words
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SINGAPORE INTERNATIONAL
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811 2010-03-18 9 CHUANG PECK MING - Companies should get a clear understanding of the market before riding on the rising giant, reports CHUANG PECK MING CHUANG PECK MING THE sheer size of the Indian market is a big draw for foreign investors. But it has also scared away some Singapore811 words
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Article, Illustration598 2010-03-18 9 CHUANG PECK MING - By CHUANG PECK MING IN just four years, the YCH Group has built up an extensive presence in India a country network linking 53 cities, 11 of which are the Singapore-based supply chain management and logistics company’s key distribution satellite hubs. And in May, YCH will598 words
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154 2010-03-18 9 ENJOY eliminated or reduced import duties on your exports to India when you tap the India-Singa-pore Comprehensive Economic Cooperation Agreement (CECA). CECA is a comprehensive, broad-based agreement that covers areas ranging from trade in goods to technical barriers and economic cooperation. Sectors that enjoy154 words
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171 2010-03-18 9 MAHESH Balakrishnan, director of Human Touch and an iadvisor, shares some tips on setting up a business in India. Question: I am a trading company looking to expand into India. How do I choose which city to set up in? Answer: We171 words
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443 2010-03-18 9 CHUANG PECK MING - Builds plant in Pune; seeks to expand in Chennai By CHUANG PECK MING TREND Singapore Asia lives up to its strategy to stay close to customers at least in India. The precision tooling, stamping and assembly firm, whose tagline is “Your local source, globally”,443 words
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Advertisement170 2010-03-18 9 Seminar Series: Doing India is Singapore's 10th largest trading partner, with total trade amounting to S$21.6 billion in 2009. Its growing economy, large talent pool as well as ever expanding domestic market, positions India as an exciting emerging market. Join us at the iadvisory Seminar Series: Doing Business in India,170 words
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Advertisement50 2010-03-18 9 For your internationalisation enquiries, log on to www.iadvisory.com.sg to receive your free market advice. All answers are provided to the best knowledge of the iadvisors at the time of answering and in their professional capacity. Singapore International a fortnightly series brought to you by IE Singapore and The Business Times50 words
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ECONOMY WATCH
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Article, Illustration618 2010-03-18 10 Govt sticks to 3% growth forecast for this year, expects inflation to stay low Bloomberg [WASHINGTON] Employers won’t hire enough workers this year to lower the jobless rate much below the level of 9.7 per cent reached in February, three Obama administrationBloomberg; AFP - 618 words
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849 2010-03-18 10 Weaker euro a boon as well as a bane for Europe Good for exporters, but bad for imports from some countries NYT [FRANKFURT] It used to be easy to sum up the way European business executives viewed exchange rates: a strong dollar was good; a strong euro was bad. MostNYT - 849 words
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Article366 2010-03-18 10 PF LUX) Abs. Ret. Gib Conservative-P cap 12.03.2010 EUR 97,54 PF LUX) Abs. Ret. Gib Diversified-P cap 12.03.2010 EUR 108,24 PF LUX) Asian Equities (Ex-Japan)-P cap 12.03.2010 USD 163,42 PF LUX) Asian Local Currency Debt-P cap 12.03.2010 USD 129,37 PF LUX) Biotech-P cap 12.03.2010 USD 302,56 PF LUX)366 words
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Article, Illustration366 2010-03-18 10 Bloomberg [TOKYO] The Federal Reserve’s decision to let its mortgage-debt purchase programmes end this month risks driving up home-loan rates and worsening the housing crisis, Nobel laureate Joseph Stiglitz said. “The withdrawal of the support risks increasing the interest rate, increasingBloomberg - 366 words
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615 2010-03-18 10 New bank governor drawn from government ranks Bloomberg [SEOUL] Kim Choong-soo, picked by South Korea’s government on Tuesday to take the central bank’s helm next month, may bolster coordination with political leaders resisting any move to raise interest rates. Mr Kim, 63, wasBloomberg - 615 words
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Page 10 Advertisements
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Advertisement74 2010-03-18 10 OWN A FREEHOLD VILLA ON THE ISLAND OF BALI P'JNHill m £11 Designed by world renowned architect Popo Danes Panoramic Ocean View Located on Southern cliff of Bali Estimated completion date: August 2010 Land/Built-up: Approx. 9800 sq ft/3,800 sq ft 12 meter Infinity Pool All 4 bedrooms are with attached74 words
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Advertisement49 2010-03-18 10 Brand new duplex office or apartment Units range from 463 to1593 sf Enjoy condo facilities Option of fully partially un-furnished 1 min walk to Lavender MRT TOP expected March April 2010 Free carpark allotted to each unit All Agents Welcomed! Xpress Realtors Pte Ltd Call: 6533 902S t i49 words
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MALAYSIA/INDONESIA
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543 2010-03-18 11 PAULINE NG - It sees ailing Italian company Socotherm as an immediate takeover target By PAULINE NG in Kuala Lumpur PIPE-coating expert Wah Seong Corporation (WSC), which appears to have nixed the idea of listing its subsidiary on the Singapore stock exchange, wants to beef up543 words
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Article, Illustration398 2010-03-18 11 Reuters [JAKARTA] Mining firms in Indonesia with long-term overseas supply contracts will be allowed to increase their production to meet a requirement of setting aside supply for the domestic market, a government official said yesterday. Indonesia issued a regulation inReuters; REUTERS - 398 words
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196 2010-03-18 11 Reuters [JAKARTA] Australian firms Coca Cola Amatil Ltd, Commonwealth Bank of Australia, Thiess Pty Ltd and Ramsay Health Care Ltd have agreed to invest more than US$1 billion to expand in Indonesia this year, the head of the country’s investment agency saidReuters - 196 words
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Page 11 Advertisements
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Advertisement315 2010-03-18 11 A VENTIS GRADUATE SCHOOL FOR PROFESSIONALS SCHOOL OF MANAGEMENT Aventis School of Management in collaboration with Baruch College, The City University of New York, America's Largest AACSB Accredited Business School offers a suite of Executive Masters, Graduate Diploma Executive Development programs cater for working professionals business leaders across SMEs, MNCs315 words
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GREATER CHINA
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948 2010-03-18 12 Govt’s stance on the currency has been consistent and is unchanged, says Beijing official AFP Reuters [BEIJING] The World Bank yesterday urged China to let its currency rise to contain inflation and stop the economy from overheating, predicting that growth will gallopAFP; Reuters - 948 words
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Article, Illustration551 2010-03-18 12 ANTHONY ROWLEY - It is one of the risks threatening Asia’s V-shaped recovery By ANTHONY ROWLEY in Tokyo SOARING property prices in China, fed by a surge in bank lending, “may be creating asset bubbles” in the world’s fastest-growing economy, Asian Development Bank president HirohikoREUTERS - 551 words
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Article, Illustration738 2010-03-18 12 Ex-PM Prodi rejects Putin’s offer, opts to teach in China AFP [SHANGHAI] There were board seats and Vladimir Putin’s offer to head up an oil pipeline project, but former European Commission president and Italian premier Romano Prodi opted for teaching in China. Mr Prodi,AFP - 738 words
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272 2010-03-18 12 AP [SHANGHAI] A Shanghai court will on Monday begin hearing China’s case against four employees of mining giant Rio Tinto, including one Australian, on charges of stealing commercial secrets and bribe-taking. Stern Hu, an Australian national, will be among theAP - 272 words
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295 2010-03-18 12 AFP [BEIJING] Millions of people face drinking water shortages in southwestern China because of a once-in-a-century drought that has dried up rivers and threatens vast farmlands, state media reported yesterday. The drought has gripped huge areas of Guizhou, Yunnan and Sichuan provinces,AFP - 295 words
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Page 12 Advertisements
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Advertisement452 2010-03-18 12 adv IN THE MATTER OF THE COMPANIES ACT, CAP. 50 HYSWEE CONSTRUCTION (PTE) LTD (In Members' Voluntary Liquidation) Company Reg. No. *****1563H At an Extraordinary General Meeting of the members of HYSWEE CONSTRUCTION (PTE) LTD duly convened and held at 10 Anson Road, #28-01 International Plaza, Singapore *****3 on 10452 words
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Advertisement416 2010-03-18 12 In the matter of the Companies Act, Cap 50 and in the Matter of Eastern Development (BC) Pte Ltd (In Members' Voluntary Liquidation) Reg no: 2002-*****-E Notice of Final Meeting of Members NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap 50, that a Final General416 words
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INDIA
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549 2010-03-18 13 These companies will compete with China for overseas energy firms Bloomberg [NEW DELHI] India, with US$254 billion of foreignexchange reserves, may create a sovereign wealth fund (SWF) to help state companies compete for overseas energy assets with China, aBloomberg - 549 words
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519 2010-03-18 13 It is in preliminary talks with Atlas Energy, says source Bloomberg [CHICAGO] Reliance Industries, the owner of the world’s largest fuel-making complex, is in talks with Atlas Energy to invest in the US natural gas producer’s shale assets, a person familiar withBloomberg - 519 words
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Article, Illustration532 2010-03-18 13 Concern grows over risk of debacle as Oct looms AFP [NEW DELHI] With seven months to go until the start of the Commonwealth Games in New Delhi, the partially completed main stadium is a messy building site and the swimming complex a pile ofAFP; PHOTOS: AFP - 532 words
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Page 13 Advertisements
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Advertisement314 2010-03-18 13 Powerful. Intelligent the IT Sprawl Monster Bring it on with HP BladeSystem Free your data centre from the suffocating grip of sprawl with HP BladeSystem technology powered by the Intel® Xeon® Processor 5500 Series: Virtual Connect can remove up to 75% of server-edge infrastructure 1 Insight Software can reduce unplanned314 words
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ASIA-PACIFIC/WORLD
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553 2010-03-18 14 ANTHONY ROWLEY - Move seen as bid to weaken yen; future resistance to further loosening possible By ANTHONY ROWLEY in Tokyo RESPONDING to a constant drumbeat of criticism recently that it has not done enough to counter deflationary pressures in Japan and to support553 words
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181 2010-03-18 14 Reuters [LONDON] Opec decided to leave its output targets unchanged yesterday. Oil rose above US$82 a barrel, rising to within US$2 of this year’s high as Saudi Arabian Oil Minister Ali al-Naimi described current prices as “beautiful”. Members of the Organization of the PetroleumReuters - 181 words
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Article, Illustration304 2010-03-18 14 Bloomberg [LONDON] A Pablo Picasso painting of an absinthe drinker owned by composer Andrew Lloyd Webber’s charity foundation may fetch as much as £40 million (S$84.5 million) at an auction here in June. The “Blue Period” canvas is the most highly estimatedBloomberg; REUTERS - 304 words
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504 2010-03-18 14 TIMOTHY SEOW - Tough fiscal measures are seeing results By TIMOTHY SEOW EASTERN Europe is unlikely to be greatly affected by the Greek debt crisis as the impact appears contained, while markets are rewarding the region for undergo- ing “fiscal pain”, said Nomura emerging markets504 words
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382 2010-03-18 14 Reuters [WASHINGTON] US Federal Reserve chairman Ben Bernanke yesterday fought back against a plan to strip the Fed of its oversight of smaller banks, saying that the knowledge that it gains from that role is vital to monetary policy. Mr Bernanke, in testimonyReuters - 382 words
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416 2010-03-18 14 MALMINDERJIT SINGH - By MALMINDERJIT SINGH THERE should be a greater institutional presence in Asia to facilitate economic integration in the region. This was the key message that Barry Eichengreen delivered in his public lecture on Asian Economic Integration at the Monetary Authority of Singapore (MAS) yesterday. Professor416 words
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Page 14 Advertisements
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Advertisement9 2010-03-18 14 www.omy.sg V L. JM 2JJ iJj ■r w cling.omy.sg9 words
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TIGER'S BACK
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Article, Illustration769 2010-03-18 15 WILLIAM RHODEN - COMMENTARY By WILLIAM RHODEN [NEW YORK] TIGER Woods and Augusta National. You can make the case that the two were made for each other. Augusta, steeped in tradition, was once the immovable bastion of exclusion based on race and gender. With pressure and time, AugustaREUTERS - 769 words
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Page 15 Advertisements
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Advertisement526 2010-03-18 15 B u k J a RESORT-STYLE CONDOMINIUM freehold condo in KL city with a million dollar view with units fronting 18-hole golf course O INTEREST DURING I CONSTRUCTION (offer valid till 31/3/2010) Buyer-Get-Buyer Rebates of RM3.988 (limited period only) Up Lowest Bank Rate of f J J•g SPA Legal Fees"526 words
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WORLD
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589 2010-03-18 16 Restructuring proposal will be fair, protect creditors, contractors, says official Bloomberg [DUBAI] Dubai World is close to finalising a plan to alter terms on about US$26 billion of debt that will aim to protect the interests of creditors and contractors, as well asBloomberg - 589 words
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Article, Illustration666 2010-03-18 16 Bloomberg [LONDON] Art Dubai opened its doors yesterday with few of the world’s top-selling galleries present, four months after the Gulf emirate announced that it was renegotiating its debt, sparking a global stockmarket rout. A third of last year’s exhibitors are skipping ArtBloomberg; BLOOMBERG - 666 words
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448 2010-03-18 16 Financial industry pressing Senators to weaken Bill FINANCIAL REFORM AP [WASHINGTON] US financial institutions and their allies mobilised lobbyists and fuelled their media campaigns on Tuesday in a swift response to a Democratic plan to rein in Wall Street and protectAP - 448 words
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457 2010-03-18 16 Reuters [NEW YORK] Goldman Sachs Group Inc could not hand back its banking charter and shake off Federal Reserve policing even if it wanted to, under the “Hotel California” provision of the financial reform bill unveiled this week. That’s a shame, investorsReuters - 457 words
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190 2010-03-18 16 AP [PARIS] Champagne bottles are getting lighter to go greener. The industry’s trade association, the Interprofessional Committee of Champagne Wine, said on Tuesday it is launching a new standard bottle to cut carbon emissions. The new bottle looks the same as ever but weighsAP - 190 words
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741 2010-03-18 17 Risk premium for holding Greek debt remains little changed at 300 bps EUROZONE CRISIS Reuters [PARIS] Eurozone countries say that they have agreed on how to help Greece if it needs assistance to cope with its massive debt mountain, but the opaque and tentativeReuters - 741 words
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Article, Illustration867 2010-03-18 17 Its success depends on how much others follow German idea Reuters [BERLIN] Nothing may ever come of a proposed European Monetary Fund (EMF) but the intent behind the plan is clear: Germany wants to get tough with errant eurozone states andReuters; AP - 867 words
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239 2010-03-18 17 Reuters [NEW YORK] As much as US$75 million in popular Eli Lilly Co prescription medicines such as Prozac were stolen during a raging storm from a Connecticut warehouse over the weekend, police said on Tuesday. Burglars broke into the Lilly warehouse eitherReuters - 239 words
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286 2010-03-18 17 AFP [LONDON] A former trader for US investment bank Merrill Lynch in London has been banned for at least five years after forcing the bank to make a US$456 million writedown, a regulator said on Tuesday. Alexis Stenfors was a senior trader with theAFP - 286 words
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513 2010-03-18 17 Key drug firms urged to move faster to tap new growth areas NYT [NEW YORK] The leading drugmakers need to move quickly to adapt to a new world order in which some emerging markets are set to overtake some established nationalNYT - 513 words
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Page 16 Advertisements
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Advertisement32 2010-03-18 16 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY NRIs: THE NEW POOR? Soaring salaries and prices in India have blunted the value of the NRI's dollar-loaded wallet GAUHAR IS THE NEW I HELEN32 words
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Advertisement28 2010-03-18 16 Lianhe Zaobao Local furniture maker spares no effort to raise creativity s ft. a IT it nn llm To subscribe, call 6388-3838 or go to sphsubscription.com.sq «iiNo.l)) '■I28 words
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Page 17 Advertisements
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Advertisement323 2010-03-18 17 MATS NOTICES BUY IT- SELL IT- FIND IT LERENO BC Investing in tfe Next generation LERENO BIO-CHEM LTD (Company Registration Number: *****1961C) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of Lereno Bio-Chem Ltd (the "Company") will be323 words
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EDITORIAL & OPINION
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Article534 2010-03-18 18 EDITORIAL FOR years, Singapore set its sights on becoming the “Switzerland of the East” as much for economic wealth and standard of living targets as for prowess as a financial hub. Now, Singapore is looking to be not just a Switzerland but also, at534 words
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Article, Illustration755 2010-03-18 18 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group ONE job of presidents is to educate Americans about crucial national problems. On health care, Barack Obama has failed. Almost everything you think you know about health care is probably wrong or, atThe Washington Post Writers Group - 755 words
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Article, Illustration1035 2010-03-18 18 ANTHONY ROWLEY - It needs to adopt proactive policies to exploit long neglected markets in its own backyard ANTHONY ROWLEY Tokyo Correspondent THE message finally seems to be sinking in among Asian businessmen that things are never going to be quite the same again in theREUTERS - 1,035 words
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Article, Illustration1162 2010-03-18 19 CHRISTOF RÜHL - Developing countries are energy-intensive partly because of inefficiencies but mainly due to their economic growth By CHRISTOF RÜHL COMMERCIALLY traded energy is what classical economists used to call a “basic good”: Directly or indirectly, it enters the production of every other produced commodity or service.REUTERS - 1,162 words
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Article, Illustration751 2010-03-18 19 HDS GREENWAY - By HDS GREENWAY IF GEOGRAPHY is destiny, then both Iraq and Afghanistan are fated to be plagued with difficulties in their respective neighbourhoods. The borders of both were drawn by British colonial cartographers, lumping together different ethnicities and tribes withAFP - 751 words
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Article128 2010-03-18 19 LETTER TO THE EDITOR IN his letter “What constitutes a Singapore company?” (BT, March 16), Mr Denis Distant queried The Business Times’ interpretation of whether the Government of Singapore Investment Corporation (GIC) can invest in a company that is listed in Singapore. In keeping with128 words
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AVIATION
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Article, Illustration753 2010-03-18 20 Unite in talks with Teamsters union to pressure airline AP Bloomberg [LONDON] Britain’s Unite union said on Tuesday that it was in talks with the US International Brotherhood of Teamsters regarding the seven days of strikes it plans against British Airways (BA). Unite’sAP; Bloomberg; AFP - 753 words
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Article2909 2010-03-18 20 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1240 SQ458 1415 EY473 1940 Adelaide LH9771 1740 LH9770 2350 SQ268 1740 SQ269 2350 VS7268 1740 VS7269 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 QF81 1830 Amsterdam LO4031 0610 KL836 0125 SQ323 0610 AZ3993 2250 US54102,909 words
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253 2010-03-18 20 Reuters [LONDON] British Airways (BA) has reached agreement with trade unions on the future of its pension scheme, in the first step towards addressing a yawning pension deficit which has posed an obstacle for its planned merger with Spanish airline Iberia. The news sentReuters - 253 words
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705 2010-03-18 20 VEN SREENIVASAN - Signs that slide in premium travel was cyclical rather than permanent By VEN SREENIVASAN [SINGAPORE] Premium air travel is recovering amid the robust global trade and economic recovery, the latest data released by the International Air Transport Association (Iata) shows. Premium travel demand705 words
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Article205 2010-03-18 20 AP [ATLANTA] The Federal Aviation Administration (FAA) wants new software installed on Boeing 777s to prevent crews from inadvertently engaging the autopilot before takeoff. The problem can result in a high-speed rejected, or aborted, takeoff and increase the chance of a runway overrun. BoeingAP - 205 words
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Page 20 Miscellaneous
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Miscellaneous352 2010-03-18 20 CRYPTIC CROSSWORD Across 1 Cads now ardently grilled in police department (3,8,4) 9 The old woman shielding a fellow in battle (7) 10 Worker depriving freedom fighter of power (7) 11 Second journey made by Heather as a youngster (9) 12 Female who got frozen outside a city in America352 words
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Page 21 Advertisements
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Advertisement14 2010-03-18 21 tpLACE YOUR AD HERE] BUSINESS TIMES SHIPPING TIMES CALL JOE WONG AT 9620 132714 words
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SHIPPING
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531 2010-03-18 22 But Moody’s says oversupply will put pressure on freight rates this year Reuters [LONDON] The worst is over for the shipping industry but the seaborne sector will continue to face oversupply problems which will put pressure on freight rates this year, Moody’sReuters - 531 words
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Article185 2010-03-18 22 Bloomberg [HONG KONG] Container lines will “absolutely” win targeted rate increases on Asia-US routes this year because of capacity cuts and rising US consumer spending, according to Goldman Sachs Group Inc. “US and Europe consumers are not feeling as bad as a year ago” Goldman analystBloomberg - 185 words
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Article, Illustration461 2010-03-18 22 Convicted pirates could face up to 30 years in prison AFP [VICTORIA] Lawmakers in the Seychelles, facing an upsurge in Somali piracy, passed legislation on Tuesday that could see suspected pirates jailed up to 30 years in the Indian Ocean archipelago. The Seychelles Piracy ActAFP - 461 words
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411 2010-03-18 22 Reuters [PERTH] Global miner BHP Billiton is keeping a key Australian coking coal port shut due to an approaching severe cyclone and other port operators also prepared to shut soon due to the storm. BHP is keeping the Hay Point Coal Terminal, Australia’sReuters - 411 words
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Article281 2010-03-18 22 SGX '000 Mar 17 S$ +/-Vol CH Offshore 0.65 unch 827 Chuan Hup Hldgs 0.30 0.01 166 Cosco Corp 1.28 0.01 ***** CWT Ltd 1.06 unch 3246 Ezra Hldgs 2.48 0.01 4894 First Ship Lease 0.61 -0.01 343 Freight Links 0.05 unch 66 Grand Banks 0.40 -0.01 5281 words
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4918 2010-03-18 21 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.4,918 words
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Page 22 Advertisements
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Advertisement28 2010-03-18 22 ALSO ACCEPTING CARGO TO DANANG QUINHON WEEKLY LCL SERVICE TO HCM AND FCL TO MAJOR INLAND DESTINATIONS To All Shipping Advertisers: Please call Joe Wong at 9620 132728 words
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SINGAPORE STOCKS
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Article9059 2010-03-18 23 Transaction date: Mar 17 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 -0.5 860 17 16.5 16.5 17 1.7 11 5.3 79 10 2.5 58349,059 words
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Article1916 2010-03-18 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 11,916 words
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Article9340 2010-03-18 24 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.22/ APS Alpha Fund (USD)!** 0.88/ 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 0.6575/ Asian Credit Fund 1.2469/ Asian9,340 words
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Article507 2010-03-18 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 $mil 111 107 6389 ABF SG Bond ETF 109.5 unch 1 109.5 109.5 109.5 112 499.8 863 449 CIMBAsean40 100US$ US863 +19 225 863 853507 words
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Article76 2010-03-18 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 $mil 56 24 6000 AVJennings A47 +3.5 9 47 43.5 43.5 47 3.6 7.4 3.8 122.4 31 6.5 6017 Genting HK US$ US20.5 unch 41876 words
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FINANCE & COMMODITIES
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365 2010-03-18 25 In local curr In S$ In US$ dy yr dy yr dy yr Mar 16 Index Change Change Change Change Change Change World Index Preliminary 855.4 0.5 2.7 0.6 1.3 0.8 2.0 EAFE Preliminary 799.2 0.6 1.8 0.9 -0.8 1.2 -0.2 Europe Preliminary 1147.1 0.8365 words
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Article180 2010-03-18 25 Mar 17 $S Offer Bid Overnight 0.08 0.03 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.27 0.22 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 12180 words
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Article22 2010-03-18 25 Mar 17 S$ Bid Offer 1-month 1.3920 1.3934 2-months 1.3922 1.3935 3-months 1.3924 1.3937 6-months 1.3929 1.3943 Source: OCBC22 words
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Article132 2010-03-18 25 Mar 17 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2690 1.3080 Can dollar 1.3670 1.3830 Euro 1.9090 1.9310 NZ dollar 0.9840 1.0060 Sterling pound 2.1100 2.1350 US dollar 1.3870 1.4020 Local dollars to 100 units of foreign132 words
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Article29 2010-03-18 25 Mar 17 Open High Sett STI Mar 2915 2915 2919 SIMSCI Mar 344.2 348.9 347.1 Taiwan Mar 275.8 282.1 282.1 Source: MF Global (S) Pte. Ltd29 words
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Article66 2010-03-18 25 Mar 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 10 2611 2624 2627 2611 196 7901 May 10 2590 2605 2612 2590 4279 ***** Jun 10 2576 2595 2600 2576 8890 ***** Jul 10 2574 258366 words
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Article371 2010-03-18 25 Mar 17 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.6400 0 4317 Sep10 99.4800 0 2468 Dec10 99.2050 0 1643 Mar11 98.8600 0 2281 EUROYEN TIBOR FUTURES Jun10 99.6000 99.6000 99.6000 99.6000 1800 4193 Sep10 99.6050 453 3992 Dec10 99.6350 99.6350 99.6350 99.6100 245 1357371 words
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Article184 2010-03-18 25 Mar 17 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Apr 10 330.0 330.0 330.0 4 678 May 10 328.0 326.0 328.0 30 652 Jun 10 325.0 780 Jul 10 321.5 380 Aug 10 317.0 317.0 317.0 40 230184 words
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Article86 2010-03-18 25 Mar 17 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 17.06.2010 0.37 0.31 0.31 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 104.30 104.32 104.32 5-Year N*****0N 1.375 01.10.2014 100.3486 words
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Article105 2010-03-18 25 Mar 16 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 10 945.00 930.00 948.00 930.50 Jul 10 952.75 937.50 955.50 937.75 Aug 10 950.25 935.50 951.50 935.75 Sep 10 935.75 921.50 937.25 923.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 10 39.37 38.75 39.46105 words
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Article77 2010-03-18 25 CRUDE OIL PRODUCTS Mar 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 80.61 2.40 WTI (Near Mth) 81.79 2.04 Dubai (1-Mth F) 76.79 -0.56 Tapis blend 81.15 -0.85 Minas 79.80 -0.80 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 79.22 -1.72 Jet Kerosene 86.05 -1.70 US$/barrel Opec Oil77 words
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2588 2010-03-18 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2.5 unch 450 1 15 13 6.20 50 4085 ASJ Hldgs W*****1 2 1 4 20 2.50 23 2036 Advance SCT Ltd W*****9 0.5 1 872,588 words
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Article465 2010-03-18 25 Mar 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.933 6.282 0.667 7.143 41.754 83.789 0.833 10.386 3.035 1.292 77.623 41.947 1.282 6.750 0.969 29.178 29.767 0.604 0.920 Canada 1.072 6.736465 words
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Article85 2010-03-18 25 Mar 17 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-03-18 25 Mar 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2808 1.2823 0.9202 0.9204 Canadian dollar 1.3731 1.3752 0.9865 0.9871 Euro 1.9208 1.9230 1.3800 1.3803 NZ dollar 0.9912 0.9928 0.7121 0.7126 Sterling pound 2.1220 2.1248 1.5245 1.5251154 words
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Article138 2010-03-18 25 Mar 17 GOLD (US$/oz) Mar 17 Mar 16 Hong Kong 1129.80 1111.50 Mar 16 Mar 15 London 1125.80 1102.30 1126.70 1103.30 Source: Thomson Reuters CAST BAR Mar 17 (S$) Selling Buying Kilobar "54,079.94" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 120.91 50 5gm 343.47 252 10gm 614.18138 words
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Article71 2010-03-18 25 Mar 16 Mar 16 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2224.50 2193.80 3 months 2258.00 2227.00 Copper, Grade A (US$/tonne) Cash 7370.75 7271.50 3 months 7405.00 7305.00 Lead (US$/tonne) Cash 2191.50 2176.00 3 months 2220.00 2204.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article77 2010-03-18 25 Mar 16 COCOA (£/tonne) Close Prev High/Low Mar 10 2155 2175 2172/2120 May 10 2187 2201 2209/2130 Jul 10 2183 2193 2204/2128 Sep 10 2141 2140 2158/2094 COFFEE (US$/tonne) Close Pev High/Low Mar 10 1206 1201 1209/1208 May 10 1231 1225 1238/1222 Jul 10 1266 1260 1272/1256 SUGAR (US77 words
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BizIT
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390 2010-03-18 26 Bloomberg [HONG KONG] Tencent Holdings Ltd, China’s biggest Internet company by market value, says fourth-quarter profit rose 74 per cent, beating estimates, as online game sales and advertising revenue surged. Net income climbed to 1.51 billion yuan (S$308 million), according toBloomberg - 390 words
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Article, Illustration605 2010-03-18 26 ONG BOON KIAT - The Internet search giant is seeking to add 50 new jobs here as part of a larger regional expansion, reports ONG BOON KIAT ONG BOON KIAT GOOGLE is poised to lift its Singapore headcount in a big way soon. The Internet search giant605 words
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256 2010-03-18 26 TIMOTHY SEOW - Strategy involves advising clients on using IT for growth By TIMOTHY SEOW [SINGAPORE] IBM which topped Singapore’s server market in the fourth quarter of last year is eyeing even more growth this year, said Cheah Saw Pheng, its general manger of systems and256 words
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388 2010-03-18 26 Digital subscriptions can now be added to readership AP [NEW YORK] Magazine publishers may have a new way to boost flagging circulation: the iPad. The Audit Bureau of Circulations said on Tuesday that it has changed its definition of aAP - 388 words
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Article, Illustration583 2010-03-18 26 Bloomberg [TOKYO] Panasonic Corp says its 3-D TVs sold out in the US in their first week, raising optimism that the technology that helped Avatar break records at the box office will extend to living rooms and help boost profits.Bloomberg; BLOOMBERG - 583 words
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Page 26 Advertisements
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Advertisement74 2010-03-18 26 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 IT74 words
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Page 27 Advertisements
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Advertisement85 2010-03-18 27 HITACHI. THE ROOTS FOR A GREENER WORLD. ICh.. 1 WATER 4? a tiiiiiiiiiKfiiiiiiiii ENERGY Z HEALTHCARE HITACHI COMPACT MBR RO SYSTEM Recycles wastewater Multiple uses for treated water Effectively cleans up industrial discharge ifVfiitiiTiiiiiiiifiiTiviifnm HITACHI H-25 GAS TURBINE Fewer sulphate emissions 34.8% thermal efficiency Reduces resource wastage HITACHI PERMANENT MAGNET85 words
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PROPERTY
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Article, Illustration369 2010-03-18 28 But for 21% of investors Asia is the target, says survey Reuters [LONDON] European property investors are focusing on opportunities in their region in 2010, with many seeing the rising UK, German and French markets as the most attractive, a CB Richard EllisReuters; BLOOMBERG - 369 words
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291 2010-03-18 28 Bernama [BUTTERWORTH] Despite the global downturn last year, the Penang property market has not recorded any significant drop in prices and is expected to improve this year in line with the economic recovery. Henry Butcher Malaysia (Seberang Perai) Sdn Bhd’s senior manager Fook ToneBernama - 291 words
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497 2010-03-18 28 Team arranged US$20b of debt and equity transactions in last 10 years Bloomberg [NEW YORK] Jones Lang LaSalle Inc (JLL), the sec-ond-biggest publicly traded commercial property broker, has hired an investment banking team from larger rival CB Richard Ellis Group Inc (CBRE), as itBloomberg - 497 words
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Article, Illustration470 2010-03-18 29 Bloomberg [HONG KONG] Investors should buy real estate assets and funds that invest in property in the UK and Asia because a potential rebound in prices and economic growth will counter inflation risks, Aberdeen Asset Management Plc said. While UK properties offer “attractive” yield,Bloomberg; REUTERS - 470 words
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646 2010-03-18 29 Change in investor confidence has cut redemptions queues in several key funds Reuters [CANNES] The property arm of UBS Global Asset Management is eyeing an investment market comeback in 2010 following a sea-change in investor confidence that has cut redemptions queues in severalReuters - 646 words
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Article, Illustration521 2010-03-18 30 Market will recover by end-2011, says developer of hotel, housing project Bloomberg [DUBAI] Dubai’s property market will recover by the end of 2011 as mortgages become easier to obtain and more people move to the city, according to the developer of a US$4 billion ho- telBloomberg; BLOOMBERG - 521 words
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409 2010-03-18 31 UMA SHANKARI - Funding of up to $1m for any project with cutting-edge innovations By UMA SHANKARI [SINGAPORE] JTC Corporation is looking for “cut-ting-edge” ideas from the private and public sectors and academic institutions on how to intensify land use and create new industrial409 words
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336 2010-03-18 31 HK$280m paid for Peak property on Severn Road AFP [HONG KONG] A Hong Kong listed company said yesterday it will buy a luxury house for a near-record price in the city, a month after the government introduced measures to cool the city’s property market.AFP - 336 words
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Article, Illustration362 2010-03-18 31 [SINGAPORE] Two en bloc sale sites have come on the market Culford Gardens at Siglap, with price expectations of $37-40 million, and two adjacent bungalows in Margate Road, which are expected to fetch more than $30 million. Both sites are freehold. In362 words
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1268 2010-03-18 31 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PSF (S$) PRICE (S$'000) District 1 NON-LANDED The Sail Marina Bay Apt 19/02/2010 99 883 1704 1930 The Sail Marina Bay Apt1,268 words
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Page 28 Advertisements
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Advertisement282 2010-03-18 28 PROPERTY Local people... with national connections. 974 ha "Rosemont'' 2406 acres AUSTRALIA'S LARGEST SINGLE CITRUS PLANTATION .1/ rn in 393 Ha OF CITRUS 5400 MEGALITRES OF HIGH SECURITY RIVER AND ARTESIAN BORE WATER For Sale By Expression of Interest "Rosemont" is strategically located at Hillston NSW and has a distinct282 words
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Advertisement241 2010-03-18 28 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 children241 words
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Advertisement228 2010-03-18 28 Landed Properly in Novena Detached and Semi-D O(v \o B est^ Freehold Private Lift in every unit 4 and 6 Bedrooms Limited Units with Family Room Near to Prestigious Schools 1 MRT stop to Orchard Rd Minutes to Novena MRT Minutes to United Square 6100 6698 Developer's Sales Team Huttons228 words
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Page 29 Advertisements
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Advertisement340 2010-03-18 29 cnv/l" A DT Investment k5lTl/VIVX International Property Expo LOCAL OVERSEAS PROPERTY STOCKS FUNDS ALTERNATIVE INVESTMENT 27 28 March 2010 10am 7pm Hall 401, SUNTEC Singapore International Convention Exhibition Centre Everything You Need To Know About Buying Local and Overseas Properties FREE ENTRY REGISTER NOW www.smartexpos.com SHOW HIGHLIGHTS How To Make340 words
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Advertisement378 2010-03-18 29 MAPLE QUAYS [ft CANADA WATER LONDON SE16 London's latest waterside destination! Beautiful new homes in a brand new waterside community. Price from £435psf X; y a** ill 1 Canada Water Underground Station 3 London City Airport 5 Canary Wharf 2 Decathlon Store o The O2 Arena Europe's leading entertainment venue378 words
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Page 30 Advertisements
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Advertisement504 2010-03-18 30 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg ROYAL BANK OF CANADA FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED OCTOBER 31, 2009 Consolidated Balance Sheets Consolidated Statements of Income (in millions of Canadian dollars) Year ended October 31, 2009 Interest income Loans 13,504 Head Office: P. O. Box 1, Royal Bank504 words
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Advertisement129 2010-03-18 30 BRAND NEW PRIME OFFICE BUILDING FOR SALE BY PRIVATE TREATY :r,y J 1 K 3E ttr .L II rT ,3® I *63 52,000 sq ft of prime office space available Prominent frontage on Merchant Road and Naming rights Large floor plate of approximately 8,000 sq ft Excellent views towards Singapore129 words
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Advertisement47 2010-03-18 31 K It The Savills One-stoo Advantage Move in the right direction with our Residential Sales, Leasing Property Management teams ge Savills has more than 200 offices and associates worldwide to meet all your real estate needs, anywhere in the world. Call 6536 5022 6415 3636. savills savills.com47 words
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Advertisement142 2010-03-18 32 nHiP*of Ofcna|ffl Set in 2.5 hectares of sprawling prime land, Orchard Scotts is an architectural treasure to discover. Designed by Arquitectonica, an award-winning US firm, this prestigious residence offers a coveted address in the Orchard Road area, one of the world's most famous shopping and entertainment streets. Endowed with luxurious142 words
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