The Business Times, 20 March 2010

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Total Pages: 47
1 20 The Business Times
  • 12 1 weekend THE BUSINESS TIMES MARCH 20-21, 2010 S$1.00 1 MICA(P) 124/08/2009 www.businesstimes.com.sg
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  • 373 1  -  Warren Buffett morphs into Guns N’ Roses vocalist and he rocks (well, sort of) By Joyce Hooi joyceh@sph.com.sg Singapore IN two minutes and 26 seconds, Warren Buffett has shown what he has in common with Guns N’ Roses vocalist Axl Rose and a green
    PHOTO: VIDEO GRAB FROM GEICO COMMERCIAL  -  373 words
  • 930 1  -  That is the number of directorships JY Pillay feels is probably what’s ‘humanly possible’ for one person to handle By Lynette Khoo lynkhoo@sph.com.sg Singapore THE old debate on the number of directorships that one should hold sprang back to life yesterday. According to JY Pillay, chairman of Singapore Exchange,
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  • Page 1 Advertisements
    • 116 1 the WEALTH Double your income every decade 30-31 the raffles conversation TERRY O’CONNOR GROUP CEO, COURTS ASIA 8-9 SHOPPING Local bespoke designers L4-5 solid goal World Cup stalemate over soon REVISED joint bid from SingTel and StarHub for the 2010 FIFA World Cup tournament is on the brink of being
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  • TOP STORIES
    • 492 2  -  He sees good future, with DBS having emerged from financial crisis ‘as one of the few well-capitalised banks with a strong balance sheet’ By Siow Li Sen lisen@sph.com.sg Singapore PETER Seah will become DBS Group Holdings’ next chairman on May 1, the
      ARTHUR LEE  -  492 words
    • 137 2 STI 2,915.70 (+1.76) STI FUTURES 2,916.00 (+2.00) SIMSCI 346.01 (-1.00) SIMSCI FUTURES 346.50 (-0.80) STOCKS Friday Change KL COMP 1,296.60 -5.34 NIKKEI 225 10,824.72 +80.69 HANG SENG 21,370.82 +40.15 SET 774.59 +15.57 JAKARTA 2,742.97 +5.73 MANILA 3,097.23 -3.72 KOSPI 1,686.11 +10.94 SHENZHEN B 629.91 +6.97 MUMBAI IND 17,578.23 +58.97
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    • 577 3  -  Fifa sales agent is close to accepting a revised joint bid by SingTel and StarHub, say sources By Winston Chai winstonc@sph.com.sg Singapore THE deadlock over the World Cup broadcast rights may finally have been broken, thanksto acrucial “injury-time”goal from the government’s recent policy U-Turn. Industry
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    • 223 3 Bloomberg Beijing MORGAN Stanley Asia chairman Stephen Roach said a “baseball bat” should be taken to economist Paul Krugman over his call for the US to pressure China into allowing the yuan to appreciate. “I think we should take out the baseball
      Bloomberg  -  223 words
    • 506 4  -  SMEs should start the process even before they seek a public listing By Lynette Khoo lynkhoo@sph.com.sg Singapore SMALL and medium-size enterprises (SMEs) should start the process of good governance early even before they are listed, says SGX chairman JY Pillay. This will give
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    • 544 4 Bloomberg Washington US PRESIDENT Barack Obama has postponed a trip to Indonesia for three months to focus on his healthcare plan, ceding ground to China in seeking trade and investment opportunities in South-east Asia’s largest economy. Chinese
      Bloomberg  -  544 words
    • 603 5  -  Mobilise workers and get moving now, bosses urged By Chuang Peck Ming peckming@sph.com.sg Singapore BOSSES must take the lead to boost productivity and they must act fast, Singapore National Employers’ Federation (SNEF) president Stephen Lee urged yesterday. “Management can’t run away from
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    • 527 5  -  Resilience mainly due to cheap funds and a growing population By Ven Sreenivasan ven@sph.com.sg Singapore IF you were waiting for golf price memberships to pull back before committing yourself, you may be in danger of missing the boat. Despite recent jitters in the
      Compiled by BT  -  527 words
    • 681 6  -  A rare window of opportunity is opening up in Singapore’s broadband and TV markets By Amit Roy Choudhury amit@sph.com.sg Singapore WANTED: “Rogue” service providers to shake up the Singapore broadband and TV markets with cheap prices. Such players are essential as Nucleus Connect, the operating company
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    • 558 6  -  By Siow Li Sen lisen@sph.com.sg Singapore RBS Coutts Singapore is bouncing back after being dealt a body blow some six months ago when it lost more than one-third of its staff to a rival private bank. It has since recruited 65 people, 12
      558 words
    • 354 6 Reuters Beijing CHINA yesterday said it was sending an envoy to the United States to try to ease trade frictions as its currency regime comes under fire, but cautioned that pressure from US legislators would complicate talks. The announcement, and comments
      Reuters  -  354 words
  • Page 2 Advertisements
    • 62 2 CONTENTS NEWS Top Stories 2-6 Week in Review 7 Raffles Conversation 8-9 Companies 10-12 From The Desk Of 14 Singapore 15-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-32 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Travel L2-3 Style L4-5 Dining L6-9 Home& Garden L10-11
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  • Page 3 Advertisements
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  • Page 3 Miscellaneous
    • 31 3 *1 xC > MM JACKPOT 1,500,000 This Monday |P L A Y(i) Always play with care. Towards Community [responsibly) Do not bet illegally. Purpose and Benefit RCB Reg No: *****0202G SINGAPORE m
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  • Page 5 Advertisements
    • 43 5 GOOD CLASS BUNGALOW FOR REBUILD NASSIM M^hl r v< M r w r rt' -> > Land Size ***** sq ft > 35m Frontage Rectangular Flat Land > Cul-de-sac Face Greenery Orchard View Quiet Serene Priced to Sell South/East Facing K H Tan *****348 Newsman Sole Agent
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK | March 15-19, 2010
      • 37 7 CUSTOMERS are lapping up the self-storage concept, with at least five firms offering about 20 facilities where they can store anything from furniture to personal collections of wine to company records.
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      • 43 7 THE South-east Asian semiconductor capital equipment market is expected to grow 65 per cent to US$2.31 billion this year, after shrinking 46 per cent in 2009, said Terry Tsao, president of SEMI Taiwan and Southeast Asia.
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      • 49 7 THE number of new private homes sold in January and February 2010 has already outstripped that for the whole of Q1 2009, official data shows. Analysts predict that more than 1,000 new homes could be sold in March.
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      • 38 7 FORthe first time, Singapore’s employment grew in an economic slump. But there is also some unwelcome news: job-hopping is starting to become a problem as job openings increase with economic recovery.
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      • 48 7 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.
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      • 46 7 INTERNATIONAL Enterprise Singapore has its sights trained on non-traditional markets and sectors as it seeks new ways for Singapore companies to grow globally. Assistance to small and medi-um-sized enterprises will be ramped up too, it said on Tuesday.
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      • 40 7 EUROPEAN Union 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 monetary union to seek such aid.
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      • 61 7 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 than pharma, which
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      • 39 7 ASTRO Holdings, a special-pur-pose vehicle controlled by tycoon T Ananda Krishnan, proposed on Wednesday an RM8.5 billion (S$3.6 billion) leveraged buyout of Malaysia’s listed satellite television firm Astro All-Asia Networks.
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      • 38 7 Tiger Woods’ return to the golf course is a long-awaited boon to sponsors that stood by him. He dropped out of the golf world last autumn after revelations of his infidelities REUTERS
        REUTERS  -  38 words
      • 55 7 TIGER Woods’ return to the golf course is a long-awaited boon to sponsors that stood by him. Woods dropped out of the golf world last autumn after revelations of his infidelities made him a mainstay of lurid headlines and left his value
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      • 53 7 BANKS and big insurers here will have to fill more than half the positions on their boards and key board committees with independent directors, instead of the minimum one-third now, under new proposals to strengthen the corporate governance of financial institutions
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      • 52 7 MGM Mirage will sell its stake in a New Jersey casino in favour of maintaining its partnership with Pansy Ho in the MGM Grand Macau hotel and casino. This could set the stage for MGM Mirage to list its properties on the Hong Kong
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      • 46 7 SINGAPORE’S three publicly funded universities are going to raise tuition fees for undergraduate studies in the upcoming academic year to reflect the increased costs from bringing in top academic talent, and to improve the teaching staff to student ratio.
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    • NEXT WEEK | Mar 22-26, 2010
      • 31 7 Mar 23 Existing home sales Feb Mar 24 Durable goods orders Feb New home sales Feb Mar 25 Initial job claims Mar 26 GDP estimate Q4 Michigan Sentiment March
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      • 15 7 March 23 Consumer Price Index Feb March 26 Index of Industrial Production Feb
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      • 29 7 March 22 TOKYO BOJ publishes minutes of Feb 17-18 monetary policy meeting March 23 WASHINGTON The US House Financial Services Committee hearing on the future of housing finance
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  • Page 7 Miscellaneous
    • 323 7 CRYPTIC CROSSWORD Across 1 Does he take a chance, or just think about it? (10) 9 Peas and carrots are given a star (4) 10 Point to one duke or another (10) 11 Cut by a quarter? That’s serious (6) 12 It could be disastrous when I.O.U. runs out (7)
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    • 9 7 SATURDAY with Ludwig ‘No, no. Augusta’s not a woman...’
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  • THE RAFFLES CONVERSATION
    • 1974 8/9  -  ambitious oun ustart turneda dowd British furniture store into a fast-moving mass market retailer. Terry O’Connor tells how he transformed Courts. By Arthur Sim By Arthur Sim simska@sph.com.sg TERRY O’Connor is determined to be the CEO of a multi-na-tional retail corporation. “The only way I can do
      YEN MENG JIIN  -  1,974 words
  • Page 8/9 Advertisements
    • 70 8/9 The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. Raffles Hotels Resorts epitomizes enchanting experiences, embodying global sophistication and residential charm. Each is exclusive, intimate with a distinctive sense of place, imbued with heartfelt service that is intuitive and unobtrusive “like a gentle breeze”.
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  • COMPANIES
    • 513 10  -  Cache Logistics Trust prospectus says 474.2m units will be offered at 84-88 cents each By Arthur Sim simska@sph.com.sg Singapore CACHE Logistics Trust has lodged its listing prospectus with the Monetary Authority of Singapore, revealing that the new Reit hopes to raise about $400 million
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    • 341 10 Bloomberg Singapore BHARTI Airtel Ltd, the Indian phone company planning a US$9 billion purchase of Zain’s African assets, may ask Zain for legal protection from a dispute in Nigeria, according to a source familiar with the negotiations. The proposal, to be considered
      Bloomberg; REUTERS  -  341 words
    • 249 10  -  By Olivia Ho oliviaho@sph.com.sg Singapore SINGAPORE’S largest financial company Hong Leong Finance (HLF) will be offering deposit and loan packages exclusively at its City Square Mall branch. This is in tandem with the mall’s official opening this weekend. The
      249 words
    • 330 10  -  By Karen Ng karenng@sph.com.sg Singapore THE Singapore Commodity Exchange (Sicom) will start trading its Robusta Coffee Futures Contract on April 22, 2010. CEO Jeremy Ang said yesterday: “The launch of Sicom Coffee is timely, as South-east Asia has grown to become the
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    • 443 11  -  Keppel O&M will manage and operate the yard, to be built at a cost of US$386m By Vincent Wee vincewee@sph.com.sg Singapore KEPPEL Corp is again expanding in the Caspian Sea region, taking a stake in a new 52-hectare shipbuilding and shiprepair yard at
      443 words
    • 488 11  -  By Lynette Khoo lynkhoo@sph.com.sg Singapore FALMAC Ltd will sack the legal representative of two subsidiaries in China after the latter refused to step down. But it assured that this would not affect the proposed reverse takeover (RTO) that would turn the group from a knitting
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    • 206 11  -  By Vincent Wee vincewee@sph.com.sg Singapore SUPER Coffeemix Manufacturing is selling its entire 37.5 per cent stake in China developer Care Property Holdings for $20.28 million. The sale will yield a $10.08 million gain, which Super Coffeemix said will enhance its
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    • 965 12  -  stocks| R Sivanithy sivan@sph.com.sg Senior correspondent THE sudden lastminute dumping of about 1.5 million DBS shares yesterday cut the Straits Times Index’s gain from about eight points at 5pm to just 1.76 at 2,915.7 after the post-clos-ing adjustment period at 5.06pm.
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    • 199 12 Bloomberg Singapore PT Berlian Laju Tanker, Indonesia’s biggest shipping company, withdrew an offer valued at about US$160 million to buy Camillo Eitzen Co (CECO) after failing to agree on terms. The shipping line withdrew the proposal “because there was no conclusive results” from talks,
      Bloomberg  -  199 words
    • Business briefing
      • 166 12 HENGYANG Petrochemical Logistics Ltd is proposing to undertake a renounceable non-underwritten rights issue of up to 29.5 million rights shares at an issue price of 33 cents each. The rights shares will be offered on the basis of one rights share
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      • 47 12 MEDTECS International Corporation announced that, after careful consideration, the board has decided not to recommend the payment of a first and final dividend for the financial year ended Dec 31, 2009 so as to preserve and consolidate resources of the group.
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      • 59 12 POPULAR Holdings is seeing a minor leadership change with Chou Cheng Ngok transferring the managing director position to his son Wayne Chou while still retaining the executive chairman position. As a result, the younger Mr Chou has been redesignated as an executive director
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  • Page 11 Advertisements
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  • Page 13 Advertisements
    • 374 13 &v\r;ch;\A<$ I MWs ADMISSION ACADEMY 2010 19-21 March 2010 Suntec Singapore Hall 603, 11am 9pm Daily www.thekidzacademy.com.sg A FUN FOR THE FAMILY TRIAL CLASSES THE EVENT A one-stop shop for parents to source a wide variety of enrichment programs! Academic Showcase of academic institutions that provide syllabus related enrichment courses
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  • FROM THE DESK OF
    • 1019 14 The industry needs better research on how to understand and benchmark an application portfolio and its relative efficiency from the desk of DELIVERING applications to business users is the key function of IT, yet the full cost of applications is not readily visible in
      1,019 words

  • SINGAPORE
    • 619 15  -  They are the link that converts laboratory discoveries into meaningful applications By Chen Huifen xuifen@sph.com.sg CONTINUED investments in biomedical science research over the next five years will be vital for Singapore as they will accelerate high-value research and development (R&D) activity by the private sector down
      ARTHUR LEE  -  619 words
    • 378 15  -  By Joyce Hooi joyceh@sph.com.sg SINGAPORE may be lagging its European counterparts in terms of local demand for sustainable products and services, but all of that may soon change, says Mark Wade, chairman of consultancy Future Considerations. “In Europe, the cost of organic and
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    • 505 17  -  Soon-to-open SUTD offers students a unique Independent Activities Period each year By Felda Chay feldac@sph.com.sg SINGAPOREAN university applicants at the soon-to-be-open Singapore University of Technology and Design (SUTD) can look forward to an education that is a little different from that of other
      DESMOND LIM/ST  -  505 words
    • 456 17  -  It applies for MAS licence to set up Singapore unit and hopes to get approval later this year By Conrad Tan conradt@sph.com.sg AVIVA Investors, the asset-man-agement arm of UK insurer Aviva, has launched a fund management unit in Singapore as part of a plan to
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    • 266 17 MORE than 20,000 parents and children turned up for the second The Kidz Academy 2010 event yesterday the start of a three-day affair offering a variety of courses for both parents and children. The event boasts about 50 exhibitors offering anything from courses
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    • Briefing
      • 68 18 The Urban Redevelopment Authority (URA) yesterday awarded the tender for a transitional office site at Mohamed Sultan Road to Link (THM) Holdings Pte Ltd which submitted the highest bid of $17.19 million. URA also awarded the tender for a 99-year leasehold residential site at Tampines Avenue
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      • 40 18 THE Singapore Land Authority (SLA) and the National University of Singapore (NUS) are collaborating to promote the use of a GPS reference station for the first time for engineering, recreational and scientific activities.
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      • 29 18 NUS Business School has signed a Memorandum of Understanding (MOU) with the Nanhai Municipal Government of Foshan, China to provide international management education.
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    • 665 18  -  saturday soapbox By Lee U-Wen leeuwen@sph.com.sg FOR about five hours this past Tuesday, I felt like a kid all over again. Truth be told, you would have had to peel off the cheeky grin plastered on my face as I roamed around the new
      RESORTS WORLD SENTOSA  -  665 words
    • 260 18 WITH 42 days left to the opening of the Shanghai World Expo 2010 on May 1, many Singapore companies have jumped on the bandwagon to participate in the grand event. It’s no wonder, because China is already expecting a staggering 70 million participants and
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  • WORLD
    • 560 19  -  Currency hits 22-month high while stock market is at 20-month peak By Lee U-Wen leeuwen@sph.com.sg Singapore THAILAND’S political unrest has had no effect on the baht, which hit a 22-month high on Thursday. Nor has the uncertainty facing the government of Prime Minister
      AFP  -  560 words
    • 396 19 AFP Reuters Sydney MINING giant Rio Tinto announced a huge iron ore deal with China’s state-run Chinalco yesterday, days before four if its staff go on trial in a case that has threatened diplomatic and trade ties. Rio said
      AFP; Reuters  -  396 words
    • 243 19 Bloomberg Berlin THE German government is split over aid for Greece, with Chancellor Angela Merkel leaving the door open to an International Monetary Fund (IMF) solution against the wishes of her own finance minister. “The government hasn’t ruled out state assistance from the IMF,”
      Bloomberg  -  243 words
    • 300 20 Bloomberg Kuala Lumpur MALAYSIA’S consumer prices rose for a third month in February as the economy recovered from last year’s recession, supporting the central bank’s decision to raise interest rates this month. Consumer prices climbed 1.2 per cent from a year earlier
      Bloomberg  -  300 words
    • 431 20 Contract with MTN follows deals with Telekom Malaysia, Turkish Airlines Bloomberg London MANCHESTER United, the 18-time English Premier League (EPL) football champion, has signed a sponsorship deal with Africa’s largest mobile telephone operator, MTN Group Ltd. United, England’s richest club with
      Bloomberg; AP  -  431 words
    • 273 20 Tony Chan files appeal for fortune amassed by tycoon Nina Wang Bloomberg Hong Kong FENGSHUI master Tony Chan renewed his claim to late property tycoon Nina Wang’s fortune, filing an appeal in Hong Kong’s Court of Appeal today against an earlier ruling against him.
      Bloomberg  -  273 words
    • 711 21 Indian Premier League appreciation outpaces last year’s 81% gain in Sensitive Index Bloomberg Mumbai CRICKET has proven a better investment than the stock market for India’s billionaires, prompting tycoons to line up this weekend to buy new franchises. The Indian Premier
      Bloomberg; BLOOMBERG  -  711 words
    • 308 21 Reuters London GERMAN scientists have created a three-dimensional “invisibility cloak” that can hide objects by bending light waves. The findings, published in the journal Science on Thursday, could in the future possibly make large objects invisible, but for now the researchers
      Reuters  -  308 words
    • 218 21 AFP Shanghai US Internet giant Google will close its business in China next month and may announce its plans in the coming days, Chinese media reported yesterday, after rows over censorship and hacking. The China Business News quoted an official
      AFP  -  218 words
    • 575 22 It claims that the deal presented to the court was not the one that was actually executed Reuters New York LEHMAN Brothers Holdings fired new allegations at Barclays Capital Inc on Thursday, saying that the British investment bank got a US$13 billion “windfall”
      Reuters  -  575 words
    • 502 22 AP New York CHRISTIANE Amanpour, one of CNN’s best-known personalities for her hard-nosed reporting from war zones over the past two decades, is leaving for ABC News to host its Sunday morning political talk show starting this summer. She replaces George
      AP; REUTERS  -  502 words

  • Page 20 Advertisements
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  • SGX
    • 9155 23 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 3.5 3148 8Telecom 17 +0.5 103 17 16.5 16 17 1.7 10.6 5.5 81.4 10 3 5834 A-Sonic 7 +0.5
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    • 1845 26 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 5.5 5 5.5 30.6 5.3 25 12 8538 t APStrategic 15.5 13 15 91.5 4 1 1501
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    • 186 26 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 6 5 0 0 0 6 6 5 Manufacturing 66 44 81 3 4 17 69 48 98 Commerce 20 18 30 4 2 5 24 20 35 Tpt/Stor/Comms 18 16 9
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    • 787 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Mar 15 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Dynamic Colors 18-Mar-10 Yeo Hock Leng Buy 224 0.12 ***** 9.48 ***** 9.59 Hotung Inv 18-Mar-10 Tai
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    • 117 26 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 24,222 24,222 63,364 63,364 Manufacturing 323,711 7,248 330,959 214,906 476 215,383 Commerce 76,101 8,213 84,314 151,769 2,395 154,164 Tpt/Stor/Comms 74,446 610 75,056 158,917 111 159,028 Finance 40,715 40,715 250,872 250,872 Construction 32,455 2,171 34,626 9,769
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  • MARKETS
    • Article, Illustration
      85 27 YTD change: +0.62% 52-week high: 2,947.08 on Jan 11,2010 52-week low: 1,569.86 on March 19,2009 YTD change: -2.29% 52-week high: 23,099.50 on Nov 18,2009 52-week low: 12,797.10 on March 20,2009 YTD change: -6.39% 52-week high: 3,478.01 on Aug 4,2009 52-week low: 2,220.16 on March 19,2009 Source: YTD change:
      85 words
    • 365 27 In local curr In S$ In US$ dy yr dy yr dy yr Mar 18 Index Change Change Change Change Change Change World Index Preliminary 858.9 -0.4 3.2 -0.5 1.6 -0.7 2.2 ‡EAFE Preliminary 802.6 -0.4 2.3 -0.7 -0.7 -0.9 -0.1 Europe Preliminary 1150.6 -0.3
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    • 154 27 Mar 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2834 1.2849 0.9208 0.9210 Canadian dollar 1.3692 1.3710 0.9823 0.9827 Euro 1.8974 1.8994 1.3613 1.3615 NZ dollar 0.9932 0.9944 0.7126 0.7128 Sterling pound 2.1137 2.1162 1.5165 1.5169
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    • 77 27 Mar 18 COCOA (£/tonne) Close Prev High/Low May 10 2213 2205 2243/2192 Jul 10 2212 2200 2240/2191 Sep 10 2159 2147 2184/2144 Dec 10 2140 2124 2152/2120 COFFEE (US$/tonne) Close Pev High/Low Mar 10 1242 1223 1237/1237 May 10 1267 1248 1275/1235 Jul 10 1301 1282 1310/1270 SUGAR (US
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    • 105 27 Mar 18 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 10 959.50 959.00 962.50 947.25 Jul 10 967.50 966.75 970.00 955.00 Aug 10 963.75 964.00 966.25 953.00 Sep 10 948.75 949.75 951.50 940.25 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low May 10 39.25 39.83 39.76
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    • 65 27 Mar 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 10 2578 2620 2620 2576 650 7412 May 10 2550 2583 2592 2548 2812 ***** Jun 10 2542 2577 2580 2536 8911 ***** Jul 10 2531 2565
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    • 75 27 Mar 18 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 81.26 -0.13 WTI (Near Mth) 82.10 -0.64 Dubai (1-Mth F) 78.68 -0.38 Tapis blend 83.95 0.10 Minas 82.55 0.10 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 80.44 0.22 Jet Kerosene 88.70 -0.65 US$/barrel Opec Oil Basket Price
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    • 71 27 Mar 18 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2242.50 2261.00 3 months 2276.00 2295.00 Copper, Grade A (US$/tonne) Cash 7450.50 7498.50 3 months 7486.00 7534.00 Lead (US$/tonne) Cash 2217.00 2226.75 3 months 2245.00 2255.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • 67 27 Mar 19 GOLD (US$/oz) Mar 19 Mar 18 Hong Kong 1123.*****2.00 Mar 18 Mar 17 London 1125.*****3.85 1126.*****4.65 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 24.29 24.06 Source: UOB PLATINUM Lon (US$/oz) Mar 18 Close Previous PM Fix 1633.*****6.00 AM Fix 1629.*****8.00 Source: Thomson Reuters PLATINUM NYMEX
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  • PERSPECTIVE
    • 1480 28 / 29  -  A failure may result in another economic recession, and perhaps even a new cold war, from which no side would be able to decouple Leon Hadar Washington correspondent MEMBERS of a bipartisan coalition of US lawmakers are accusing the Chinese of a plot to
      REUTERS  -  1,480 words
    • 749 28 / 29  -  But poaching and government inaction undermining campaign to double the number of wild tigers By Sarah Stewart AFP THE Year of the Tiger has been billed as the big cat’s best chance to escape extinction, but activists say that poaching
      AFP  -  749 words

  • Wealth
    • WEALTH INVESTING
      • 1362 30 / 31  -  It pays to be productive which simply means how you can earn more to achieve your full potential income earning capacity. By Roy A Varghese capacity.By Roy A Varghese Roy Varghese is foundation adviser at ipac Singapore. These views are his. He may be
        STOCK.XCHNG  -  1,362 words
      • BROKERS' TAKE
        • 520 30 / 31 Offshore Marine Overweight CIMB-GK Research Mar 19 WE believe that the share prices of both Keppel Corp and Sembcorp Marine could continue to do well in the near term as we expect about S$11 billion worth of order wins, comprising deepwater rigs and production units in 2010, driving higher backlog.
          520 words
        • 206 30 / 31  -  Compiled by Conrad Tan Hold DBS Group Research Mar 19 Close: S$1.09 CAPITACOMMERCIAL Trust (CCT) has announced the issue of $225 million, 2.7 per cent convertible bonds (CB) with an over-allotment option of $25 million. The five-year bond will mature in April 2015 but can be redeemed by
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      • 1141 32  -  Shares fail to lift despite record mutual fund inflows and fastest economic growth. By Michael Patterson Bloomberg London THE combination of record mutual fund inflows and the fastest economic growth is failing to lift shares in the largest developing nations with valuations at the highest
        Bloomberg; REUTERS  -  1,141 words
      • 1219 33  -  Countries with larger domestic markets managed to expand despite the financial crisis and saw accelerated growth show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent A FRIEND sent me an article earlier this week which he said I should read. It’s a column by a
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    • WEALTH REAL ESTATE
      • 930 34 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 12 LANDED Jln Taman 2-Ter 17/02/2010 FH 3644 2050 563 NON-LANDED Balestier Plaza Apt 22/02/2010 FH 1001
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      • 344 35 Real estate firms looking to build in the City again as prime office rents start to climb Bloomberg London LAND Securities Group plc, the UK’s largest real estate investment trust, is seeking a joint-venture partner to help it restart development of the City
        Bloomberg; BLOOMBERG  -  344 words
      • 228 35 Reuters Dubai DUBAI’SUnion Propertiesis willingtosell any of its projects if it receives a fair price, its chairman told UAE newspapers yesterday. The third-largest developer in the Gulf Arab emirate has been hit by the global downturn, which has sent prices in Dubai’s
        Reuters  -  228 words
      • 303 35  -  By Glenn Chee gchee@sph.com.sg Singapore THE Singapore Green Building Council (SGBC) will host the World Green Building International Congress in its first year as an exclusive member of the World Green Building Council (WorldGBC). The international congress, to be held on Sept
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    • 53 1 LivingTHEBUSINESSTIMESWEEKEND|MARCH20-*****0BTTHE BUSINESS TIMES WEEKEND MARCH 20-21 2010 SHOPPING Bespoken for L4-5 MEMBERS ONLY Destination clubs for the discerning traveller L2-3 TRAVEL Room and board L8-9 VILLA IN TUSCANY HELD BY BANYAN TREE PRIVATE HOME GARDEN Vineyard art L10-11 GADGETS Roll call L12 DINING Eat, drink, learn, spa L6-7 MOTORING Million
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  • BT Living
    • TRAVEL
      • Article, Illustration
        1650 2 / 3  -  As the needs of the discerning traveller evolve, so too the market for luxury travel. Hence, the destination club, a membership programme that offers the attractions of an exclusive holiday property with the added benefit of professional management. By Daven Wu btnews@sph.com.sg IT used to be that going
        1,650 words
      • Article, Illustration
        897 13  -  W Koh Samui, the first hotel in South-east Asia for the hip New York brand, combines W’s playful DNA with the laid-back, luxurious charm of a high-end resort. By Corinne Kerk By Corinne Kerk SUNNY Bajaj first laid eyes on a beautiful cape in the north of
        897 words
    • SHOPPING
      • Article, Illustration
        1623 4 / 5  -  ours and For something that’s all yours, only yours, a bespoke outfit by one of Singapore’s premier designers would make the cut. By Melissa Lwee By Melissa Lwee mellwee@sph.com.sg LET’S face it. When it comes to designer labels, Singaporeans are spoilt for choice. Just a short walk down
        1,623 words
    • DINING
      • 1887 6 / 7  -  Therapeutic and holistic-type stores have grown out of their hole-in-the-wall spaces and are now big business. Here are three that encompass dining along with a multitude of other concepts. By Audrey Phoon By Audrey Phoon aphoon@sph.com.sg Onaka Health Kitchen #01-17 Immunos The Biopolis 8A Biomedical Grove
        ONAKA PHOTOS BY JOHN HENG  -  1,887 words
      • Article, Illustration
        1367 8 / 9 With gastronomic tourism on the rise, it makes perfect sense for some of Spain’s outstanding chefs to open their own hotels NYT AT Mas Les Cols, a hotel and restaurant in the Spanish town of Olot in Catalonia, chickens roam free, surrounded by a 13th-century mas, or
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      • 825 8 / 9 wine dine with BTWeekend Bar on 5 Level 5, Meritus Mandarin Singapore 333 Orchard Road ?6831-6288 Bar on 5 is the ideal place to chill out and unwind after a hard day’s work. Located five floors above Orchard Road, it provides a fabulous view of the shopping belt. The beverage
        825 words
    • HOME & GARDEN
      • Article, Illustration
        1241 10 / 11  -  Wine-making, contemporary art and modernist architecture combine with fine results in New Zealand’s Woollaston Estates winery. By Geoffrey Eu personal space By Geoffrey Eu btnews@sph.com.sg IT may be only a decade old but the Woollaston Estates winery in the Nelson region at the northern end of New Zealand’s
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      • Article, Illustration
        761 12  -  Porsche owners here will be first in line to get a matching new phone. By Christopher Lim By Christopher Lim limchris@sph.com.sg MEMBERSHIP has its privileges, though we’re not talking about American Express cards, but rather about owners of Porsche sports cars in Singapore being the first in the
        761 words
    • HEALTH
      • 850 14  -  Women are just as prone to hair loss issues as men. By Melissa Lwee By Melissa Lwee mellwee@sph.com.sg JUDGING by the number of advertisements for the treatment of balding and hair thinning in men, one might think that the problem is predominantly a male issue.
        FILE PHOTO  -  850 words
      • 640 14  -  By Melissa Lwee mellwee@sph.com.sg WITH more Asian men suffering from hair loss problems than ever before, there is now greater demand for hair transplants in the region. Or so believes the Japan- based hair transplant specialist company Toshka Holdings that has recently expanded its operations
        640 words
      • 160 14  -  A Guide to Healthy Scalp and Hair Dr Eileen Tan |~BY[ DR EILEEN TAN IT IS said that hair loss is a medical condition that affects individuals on both an emotional and psychological level. Yet, many people remain unaware that early detection and
        160 words
      • 608 14  -  Cutting-edge aesthetics procedures can now be tested here with the setting up of CREATEIRB By Cheah Ui-Hoon uihoon@sph.com.sg WHILE aesthetics doctors have been finding it increasingly difficult to offer more cutting-edge treatments and techniques in the past couple of years, they could well
        608 words
    • SPORT
      • 778 16  -  no holds barred| Lee U-Wen leeuwen@sph.com.sg Acting Deputy Foreign Editor THE footballers of Manchester United have waited a year and a week for this day to arrive, to exorcise the ghosts of perhaps one of the most painful defeats they have endured in
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    • MOTORING
      • 493 18  -  For its mid-life makeover, the Volvo C70 has been given new and larger headlights set in a softer nose with a new grille. By Samuel Ee By Samuel Ee samuelee@sph.com.sg IT MAY have been more than three years since it first appeared here, but like a well-preserved tai-tai,
        493 words
      • 535 19  -  What makes an automotive brand popular? Our focus on Singapore’s Top 10 makes continues with Mitsubishi, which ended 2009 in No 8 position. Samuel Ee looks at the evergreen Lancer as well as the rest of the model range here brand focus Samuel Ee samuelee@sph.com.sg
        535 words
      • Article, Illustration
        315 19  -  lineup ro undup By Samuel Ee THE small Mitsubishi range may not inspire excitement but it promises to get a little cooler with two new additions this year. The line-up starts with the Mitsubishi i rear-engined minicar at $56,000 (with COE). Soon though, there will be a pure
        315 words
      • 631 20  -  The new Ghost saloon opens a second model line for the ultra-luxury Rolls-Royce marque, one that it says is less intimidating than the Phantom. By Samuel Ee By Samuel Ee samuelee@sph.com.sg ITS list price starts from a million dollars here but for Rolls- Royce, the new Ghost
        631 words