The Business Times, 24 March 2010

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Total Pages: 38
1 38 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Wednesday, March 24,2010
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  • 765 1  -  China hits back at Google’s defiance and shows no signs of relenting on yuan or Rio Tinto case By TEH SHI NING [SINGAPORE] Against international pressure on multiple fronts, China is firmly holding its ground and hitting back. Yesterday, Beijing swiftly condemned Google Inc’s
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  • 141 1 ST INDEX 2,905.66 (+16.48) ST INDEX FUTURES 2,907 (+18) SIMSCI 345.59 (+2.90) SIMSCI FUTURES 346.00 (+3.30) FOREX US$ S$ US$ (S$ per US$) 1.402 (US$/S$ per 1.506 2.111 EURO (US$/S$/E) 1.352 1.895 Foreign currency per US$ S$ YEN 90.20 64.30 RM 3.322 2.370 HK$ 7.762 5.537 BAHT 32.35
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  • 877 1  -  Reiterates supply of land, homes enough to meet demand By UMA SHANKARI [SINGAPORE] Four more residential sites on which more than 1,200 private homes can be built in total were released for sale by the government yesterday. The Urban Redevelopment Authority (URA)
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  • Page 1 Advertisements
    • 118 1 TRANSPORT HUB VW, Mazda resist general price hike PAGE 23 EXEC MONEY Property still top draw for wealthy PAGE 36 HOCK LOCK SIEW Corporate governance: sound suggestions from JY Pillay PAGE 5 ASIA PACIFIC MARITIME 2010 A BT supplement on the regional maritime industry PAGES HIGHLIGHTS Thinking of punting on
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  • TOP STORIES
    • 573 2 Under attack, the dragon breathes fire AGAINST international pressure on multiple fronts, China is firmly holding its ground and hitting back. Yesterday, Beijing swiftly condemned Google Inc’s defiance of China’s self-censorship rules in rerouting all mainland searches to its Hong Kong site. And on Monday, Premier Wen Jiabao
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    • 745 2  -  Setting the marker for others to follow are five benchmark issues By SIOW LI SEN [SINGAPORE] The local bond market is buzzing issuance has hit $5 billion even before the quarter has ended, helped in no small way by Temasek’s 5 benchmark issues over
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    • 739 2  -  By ANDREW ANDREW MARKS WALL Street hates uncertainty. The point was driven home again on Monday as the prospect of new taxes and restrictions on listed healthcare companies was outweighed by the removal of uncertainty that came with the passage of President Barack Obama’s
      REUTERS  -  739 words
    • 394 2 LATEST US DATA Reuters [WASHINGTON] Sales of previously owned US homes fell slightly in February, according to a trade group report yesterday that underscored the fragile nature of the housing market’s recovery. The National Association of Realtors (NAR) said sales fell 0.6 per cent month-over-month
      Reuters  -  394 words
    • 646 4  -  In Singapore, more than 10 bookings have been made for the car By SAMUEL EE [SINGAPORE] Rolls-Royce has received more than 1,600 orders for the new Ghost, and the ultra-luxury marque’s second model series is expected to at least treble total sales. Last year,
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    • 448 4 AP [NEW YORK] The Obama administration’s pay czar is launching a review of compensation for 25 top executives at all financial firms that received federal bailout money, according to three people familiar with the plan. Kenneth Feinberg can seek to renegotiate any pay
      AP  -  448 words
    • 714 4  -  Potential deals for Cleantech include Vietnam wind farm By LYNETTE KHOO [SINGAPORE] Six months was all it took for them to start a company, set up a private equity fund and stitch up a two billion yuan (S$410 million) deal to develop an eco-park
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    • 276 4  -  By LYNETTE KHOO [SINGAPORE] How much regulation is required will depend on the business sector, according to Second Minister of Finance and Transport Lim Hwee Hua. She was speaking to reporters at the sidelines of the Singapore-Zhejiang Economic and Trade
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  • Page 2 Advertisements
    • 549 2 KPMG Seminar Series SINGAPORE Date Monday, 19 April 2010 Time 9.00am to 5.30pm Venue Orchard Hotel Singapore Seminar Fees Client/KPMG Alumni S$396 per participant Non-client S$450 per participant A discount of 5% will be given for groups of three or more participants from the same organisation. The fee is inclusive
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    • 6 2 SingPost issuing $200m notes, Page 6
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  • Page 3 Advertisements
    • 34 3 go with the only card accepted at the first ever Youth Olympic Games VISA I X TM© SiwWoeeZOfO Youth- Olympic c^am&s 099 worldwide sponsor and the only card accepted more people go with Visa
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  • Page 4 Advertisements
    • 1 4 adv
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    • 39 4 GOOD CLASS BUNGALOW EWART PK FOR SALE 60,000 Hotels Worldwide Best Rates Instant confirmation www.luxury.com.sg Luxury Tours Travel Pte Ltd 100 Orchard Rd #02-46 Concorde Hotel Shopping Mall (S) *****0 5 Tel: 6733 2808 Fax: 6732 7928 Email: enquiries@luxury.com.sg
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    • 400 4 S’pore, Zhejiang step up ties with 3 investment accords, Page 9 MATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 and IN THE MATTER OF BONBIDAF PTE. LTD. Company Regn No *****6381E (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the Creditors of the abovenamed Company, which is
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  • COMPANY NEWS
    • 585 5  -  But transparency and regulatory vigour concerns still cited as investment barriers By MICHELLE QUAH GLOBAL institutional investors are setting their sights on Asia, betting the region will yield better returns than developed markets bogged down with debt and facing years of sluggish growth, says
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    • 130 5 THE Housing and Development Board (HDB) has launched a new issuance of notes under its $7 billion medium-term note programme. The issuance comprises $400 million worth of five-year fixed rate notes, with a coupon of 1.87 per cent a year payable semi-annually in arrears.
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    • 895 5  -  HOCK LOCK SIEW By MICHELLE QUAH THE push to better corporate governance standards here got a significant boost last week from some excellent suggestions put forth by Singapore Exchange chairman JY Pillay. Mr Pillay, whose words and actions move many, said that companies should start
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    • 347 6  -  Due 2020 and in $250,000 units, they will pay interest of 3.5% per annum By NISHA RAMCHANDANI SINGAPORE Post plans to issue $200 million of fixed-rate notes, partly to capitalise on investment opportunities. The notes, due 2020 and denominated in $250,000 units, will be cleared through
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    • 534 6  -  Company to put focus on Indonesia, Philippines By KAREN NG PETRA Foods’ net profit more than trebled to US$9.4 million in Q4 2009, on the back of strong sales. Despite its stellar results, the company has told The Business Times that
      FILE PHOTO  -  534 words
    • 271 6  -  By VINCENT WEE KEPPEL Corp has made a breakthrough in the wind energy arena, with a 62 million euro (S$117.5 million) contract from Wetfeet Offshore Windenergy to build a self-erecting floating platform for deployment at the new Global Tech I
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    • 300 6 Reuters SINGAPORE investment company Temasek Holdings wants to increase its exposure to mining in Mongolia and is also looking for opportunities to invest in the mining sector in Africa. “We made investments in Mongolia and we are fairly bullish about Mongolia,” said Nagi Hamiyeh,
      Reuters  -  300 words
    • 310 7  -  As recovery moves to mid-expansion phase, valuations have normalised By TIMOTHY SEOW INVESTORS looking at small and mid-cap (SMC) stocks should be more selective now that economic recovery has moved closer to the mid-expansion phase, DBS Vickers said yesterday. DBS Vickers, which
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    • 257 7  -  Entertainment and shopping complex to be ready next year By GLENN CHEE WEE Hur Holdings has won a $103.6 million project from Singapore real estate investment giant CapitaMall Trust to rebuild Jurong Entertainment Centre. The project involves constructing a five-storey entertainment and shopping
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    • 207 7  -  By JASLENE PANG CHINESE mobile phone designer Longcheer Holdings is partnering Vodone and C-Media Electronics to develop a mobile lottery business and multimedia value-added service in China. Longcheer, which was listed on the main board of the Singapore Exchange in May 2005, will embed a
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    • COMPANY BRIEFS
      • 55 7 LIPPO-Mapletree Indonesia Retail Trust and Parkway Life Real Estate Investment Trust have been added to the FTSE Global Equity Index Series and the Benchmark Starhill Global Singapore REIT Index, compiled and calculated independently by FTSE Group. With the additions, 15 Singapore-listed Reits are now
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      • 57 7 SEE Hup Seng said yesterday that its 51 per cent-owned subsidiary TAT Petroleum has incorporated a new unit in Vietnam. TAT Petroleum holds a 90 per cent stake in TAT Vietnam, which has an initial paid-up capital of US$500,000 and will be engaged
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      • 51 7 SEMBCORP Industries has achieved financial close for its US$1 billion combined power and desalination plant in Salalah, Oman. Seventy-five per cent of the project’s cost is being funded through 17-year non-recourse project finance loans with the remaining 25 per cent funded by shareholder loans and
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      • 39 7 HOCK Lian Seng has been awarded a $7.7 million contract from HDB to supply construction aggregate. This will contribute substantially to the revenue of the group’s building materials segment in FY2010 and FY2011.
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    • 200 7 Bloomberg [HONG KONG] Macquarie Group Ltd, Australia’s largest investment bank, said that it has hired Leong Yung Chee from Credit Suisse Group AG as head of Singapore client coverage. Mr Leong joined Macquarie as a managing director and will report to Kalpana Desai, deputy
      Bloomberg  -  200 words
  • Page 5 Advertisements
    • 143 5 m t i 5 days of market fluctuations 1 extra day to navigate J One Credit Suisse w m BL A In the current fast-moving market, time is an asset. With that in mind, we have extended our private banking hours for you on Saturdays in Singapore, from 9am to
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  • Page 6 Advertisements
    • 2598 6 NOTICES BUY IT• SELL IT• FIND IT A V QAH AZTECH GROUP LTD AA I F* I I I (Incorporated in the Republic ot Singapore) ilk m %0 %0 I I (Company Registration No. *****1642R) NOTICE OP ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting ot
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    • 123 6 WORK IN SHANGHAI Are you up for the challenge of a 10-week work stint? The Singapore International Foundation is looking for Young Business Ambassadors to work in the bustling city of Shanghai from September to November 2010, where you will have the opportunity to network and exchange ideas. To apply,
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    • 81 6 GOOD CLASS BUNGALOW CHATSWORTH FOR SALE Land ***** sq ft Build-up 9000 sq ft Charming colonial design Nice frontage Beautiful interior ■Almost new Attractive price K H Tan *****348 Newsman Sole Agent JURONG WAREHOUSE Up to 255,000 sq ft covered •Up to 100,000 sq ft open space Automated Storage Retrieve
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  • Page 7 Advertisements
    • 194 7 Its engine was designed by an expressionist. Its fuel tank, by a minimalist. The C-Class with CGI engine technology. < if 4 m i V mm SI v.-. M Pias v. m y C:. v.AS««vP 'V v: .craw.* 4^ Mercedes-Benz Performance art. That's the C-Class for you. Recently fitted with
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  • SINGAPORE MARKETS
    • 591 8  -  Brokers say retail clients are not participating; bulk of daily volume is generated by in-house traders and dealers STOCKS R SIVANITHY Senior Correspondent WALLStreetground higher overnight, but thespilloverimpact here was minimal and largely confined to blue chips with the Straits Times Index rebounding 16.48 to
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    • 186 8 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 2 5 0 0 0 8 2 5 Manufacturing 76 45 70 4 6 11 80 51 81 Commerce 27 9 26 2 2 7 29 11 33 Tpt/Stor/Comms 17 12 11
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    • 118 8 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 13,176 13,176 50,112 50,112 Manufacturing 399,027 5,413 404,440 229,441 445 229,887 Commerce 190,888 14,935 205,823 104,463 5,270 109,733 Tpt/Stor/Comms 92,073 1,280 93,353 120,740 173 120,913 Finance 31,209 31,209 156,678 156,678 Construction 66,468 3,143 69,611 23,682
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    • 113 8 Stock name Close Change CapMallsAsia 2.320 +0.010 CapitaLand 4.040 +0.020 CapitaMall 1.850 CityDev 10.660 -0.020 ComfortDelGro 1.550 +0.010 DBS Grp 14.600 +0.240 F&N 4.600 +0.150 Genting SP 0.935 -0.005 Golden Agri 0.565 +0.005 HK Land 4.850 -0.050 JMH 34.000 -0.540 JSH 20.080 +0.220 Jardine C&C 27.300
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    • BROKERS’ TAKE
      • 524 8 DMG PARTNERS SECURITIES, March 23 DBS Group’s earnings are the most sensitive to changes in interbank rates. When Sibor trends up, DBS (“neutral”, TP: $14) will be a key beneficiary. The current premium of three-month Sibor over the US Fed funds rate is not sustainable, and we expect Sibor
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      • 461 8  -  Compiled by CONRAD TAN March 23 close: $0.565 OCBC INVESTMENT RESEARCH, March 22 NESTLE, the world’s largest food company, has dropped Sinar Mas Agro Resources Technology (Smart), a subsidiary of Golden Agri-Resources, as its crude palm oil (CPO) supplier, replacing it with another supplier for further shipments; this
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    • 435 8 CURRENCIES Reuters [LONDON] The euro fell against the US dollar yesterday as uncertainty over possible support for Greece continued in the run-up to a summit later this week. Growing concerns that EU leaders may not reach a decision this week kept the
      Reuters; REUTERS  -  435 words
    • 4 8 DAILY
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    • 66 8 Mar 23 VALUE CLOSE BT OB/OS 332.00 +111.0 BT CADI -*****.00 +84.0 BT 10-day MA -*****.00 +34.00 FTSE ST Mid Cap 693.61 +1.61 FTSE ST Small Cap 551.79 +1.77 FTSE ST All Share 715.82 +3.58 FTSE ST China Top 280.27 -0.11 FTSE ST China 296.71 -1.14 FTSE
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    • 59 8 VOLUME Eastgate Tech 80,137,000 Ban Joo 78,821,000 Genting SP 71,568,000 Z-Obee Hldgs 60,615,000 GMG Global 34,655,000 Golden Agri 32,068,000 See Hup Seng 29,264,000 Rickmers 27,514,000 Contel 25,798,000 Hisaka 20,865,000 VALUE($) Genting SP 66,400,350 DBS Grp 56,717,320 Wilmar 52,820,980 UOB 44,351,460 CapitaLand 36,620,138 Keppel Corp 33,531,770 SIA 30,888,504
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    • 107 8 BY CENTS CLOSE UP Jardine C&C 2730 42.0 1.6 STXPO 100 1584 38.0 2.5 UOB.ES.1003 1952 32.0 1.7 JSH 2008 30.8 1.1 OCBC Bk 5.1%NCPS 100 ***** 30.0 0.3 DBS Grp 1460 24.0 1.7 HL Asia 458 24.0 5.5 DBXT FTChina25 10US$ 2931 23.8 0.6 UOB 1948 22.0 1.1
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    • 123 8 BY CENTS CLOSE DOWN DBXT FTVietnam 10US$ 4388 -88.3 -1.4 DBXT S&P Short 10US$ 5126 -75.7 -1.0 JMH 3400 -75.7 -1.6 GLD 10US$ ***** -53.2 -0.3 DBXT Nifty 10US$ ***** -49.0 -0.3 DBXT MSTaiwan 10US$ 1590 -23.8 -1.1 DBXT MSINDO 10us$ 1133 -14.0 -0.9 Rickmers 30.5 -10.5 -25.6 OCC
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    • 87 8 Where S$ stands Mar 23 CHNG YR 2010 CLOSE FR Mar 22 S$ LOW S$ HIGH US$ 1.4019 0.03 1.4219 1.3953 Euro 1.8954 0.06 2.0153 1.8954@ Pounds 2.1074 -0.20 2.2776 2.0848 A$ 1.2844 -0.49 1.2923 1.2276 Yen* 1.5530 -0.28 1.5927 1.5027 Rupiah* 0.***** -0.02 0.***** 0.***** Baht* 4.3341 0.00
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  • SINGAPORE NEWS
    • 354 9  -  Centrally hosted platform allows for exchange of ideas among HR personnel By OLIVIA OLIVIA HO THE Human Resources (HR) fraternity will soon get a boost in the form of a centrally hosted free-exchange platform to discuss and promote best practices. Mooted by Human Capital
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    • 531 9  -  By LYNETTE KHOO SINGAPORE companies are making major strides in Zhejiang, with the signing of three agreements yesterday. One is a private-sector driven project to develop a low carbon eco-park in Hangzhou, with an investment of 2 billion yuan (S$410 million)
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    • 241 9  -  By KAREN NG FEBRUARY’s Consumer Price Index crept up 0.4 per cent from January, due largely to higher costs of food, communications and recreation. Excluding accommodation costs, the CPI rose 0.5 per cent, the Department of Statistics said yesterday. Food prices were up 0.7
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    • 396 9  -  By FELDA CHAY THE Ministry of Manpower (MOM) and Workplace Safety and Health (WSH) Council have unveiled their 10-year plans to improve safety standards in the construction and marine industries with the aim of reducing the workplace fatality and injury rates in the
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    • 269 10  -  They qualify for financing if they rope in Singapore companies to help with cross-platform projects By WINSTON CHAI MEDIA companies in Asia will have access to a new $100 million war chest to help finance their productions, thanks to a collaboration between Singapore’s Media
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    • 422 10  -  HK developer wants to buy residential, commercial sites By UMA SHANKARI HONG KONG developer Cheung Kong Holdings is on the lookout for more residential and commercial sites to buy in Singapore, says executive director Justin Chiu. “We are looking at a few pieces
      LIANHE ZAOBAO  -  422 words
    • SINGAPORE ROUNDUP
      • 106 10 MORE than 100,000 employers will receive a total of $460 million as the first extended payment of the Jobs Credit scheme on March 31. They will receive a letter by today from the Inland Revenue Authority of Singapore (IRAS) telling them how much
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      • 67 10 INTERNATIONAL Olympic Committee president Jacques Rogge toured the Youth Olympic Village at Nanyang Technological University yesterday afternoon. About 150 young people from NTU and other local universities got the chance to interact with him during a dialogue session, at which he spoke on “Translating
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    • 563 10  -  By FELDA CHAY BIG plans lie ahead for the Meinhardt Group, as the engineering, planning and management consultancy firm’snew global chief executive Shahzad Nasim looks to aggressively expand its business, tap into new growth areas and introduce management changes. Before taking over his new
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  • Page 9 Advertisements
    • 106 9 (jfUp a 1 singaporeair.com imrn: ch > ■< v MafcK 0l > 4 J cms. Vi mi i- vi t'3 kJ f 4 Gingerbread hearts or Lebkuchenherzen are traditional treats shared with friends and family on festive occasions in and around Munich <3 From 28 March 2010, Singapore Airlines flies
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  • Page 10 Advertisements
    • 2222 10 SINGAPORE REINSURANCE CORPORATION LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****0016C NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-seventh Annual General Meeting of the Company will be held at Leo Capricorn, Level 1, Marina Mandarin Singapore, 6 Raffles Boulevard, Marina Square, Singapore *****4
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  • ECONOMY WATCH
    • 539 11  -  Plans may include project financing, guarantees for firms bidding for projects By ANTHONY ROWLEY JAPAN will step up sharply its efforts to gain a bigger slice of the multi-trillion dollar global market for infrastructure building through a series of new official initiatives,
      539 words
    • 418 11 AP [WASHINGTON] Democrats sent a massive Wall Street regulation bill to the full Senate on a party line vote on Monday after a temporary retreat by Republicans that still left the bill’s chances for bipartisan passage in doubt. In a surprise move,
      AP  -  418 words
    • 505 11 Bloomberg [FRANKFURT] Europe’s stalemate over possible aid for debt-encumbered Greece deepened this week as European Central Bank (ECB) president JeanClaude Trichet spoke out against offering low-inter-est loans for which the Greek government has pressed. Mr Trichet’s demand for stringent terms and German Chancellor
      Bloomberg; AFP  -  505 words
  • Page 11 Advertisements
    • 218 11 facebook 1 facebook.com/kia.insider You may never see the airbags in the time that you drive your Kia Carens Elite, but you'll be glad they're there. That's in addition to the rain-sensing wipers, auto headlights, active front seat headrests, disc brakes with ABS, crash auto door unlock and rear aircon vents
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  • Page 12 Advertisements
    • 140 12 Congratulations SSMC on its 10th Anniversary Nijmegen (NL) Hamburg (QER) Hazel Grove UOn behalf of NXP Semiconductors, I wish to extend heartfelt congratulations to the management and staff of SSMC for reaching this 10th anniversary milestone. With its culture of absolute quality, a constant drive for productivity and best-in-class cost
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  • Page 13 Advertisements
    • 484 13 sssmc 10 Anniversary 10 years of best-in-dass performance Thanks to our joint venture partners NXP and TSMC, employees, customers, suppliers and the community. v I k. > mT" fgp; kk' i J: i <C\ v A*.- •> 1 fl v.- r>, v -v. V t i i "It has been
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  • MALAYSIA/INDONESIA
    • 564 14  -  First phase would take 3-4 years to complete, and cost an estimated RM2b By PAULINE NG THE Selangor government has signalled its urgency on the multi-billion Klang River rehabilitation project by the award last week of four packages in the maiden phase
      BLOOMBERG  -  564 words
    • 320 14 Bloomberg [HONG KONG] Khazanah Nasional Bhd will explore international acquisitions in Asia instead of high-pro-file purchases of Western companies, said Azman Mokhtar, managing director of the Malaysian state investment agency yesterday. It will target buying opportunities in South-east Asia, especially Indonesia and Singapore,
      Bloomberg  -  320 words
    • 219 14 Reuters [HONG KONG] Malaysia should see increased foreign direct investment (FDI) this year after the government implements administrative reforms, the country’s Prime Minister Najib Razak said. The country’s new economic model, to be announced later this month, would include unspecified administrative reforms that
      Reuters  -  219 words
    • 368 14 Stock up 47% amid talk that Krishnan will take it private Bloomberg [KUALA LUMPUR] Measat Global Bhd, a Malaysian satellite operator, surged to the highest in almost six years amid speculation that it may be the next company owned by billionaire Ananda Krishnan to be
      Bloomberg  -  368 words
    • 177 14 Reuters [LONDON] Barclays is taking a £100 million (S$210.5 million) charge to quit retail banking in Indonesia and scale back operations in several other countries built up under its former head of retail banking. The British bank said on Monday its Indonesian business
      Reuters  -  177 words
  • Page 14 Advertisements
    • 171 14 WINE DINE AND HOSPITALITY INAGIKU AN UNRIVALLED TRINITY This Spring, Inagiku unveils its newly forged team of resident Japanese masterchefs a triple threat endowed with unparalleled culinary expertise. Experience exquisite kaiseki cuisine, refined by Head Chef Shinji Morihara with an artisan's touch. Pamper your palate with premium sushi deftly handcrafted
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    • 68 14 located at Level 4 r./ Food for your soul Zenden's creative menu and contemporary cuisine is inspired by the arts memorable, provocative, always inventive. Feed your soul at our lunch buffet offer at $23 per person or have our one-for-one dinner main course. Call us now on 6849 8686 for
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  • GREATER CHINA
    • 638 15 First monthly shortfall since April 2004 is expected to be a one-time blip Reuters Bloomberg [BEIJING] China will probably run a trade deficit of more than US$8 billion in March, state media said yesterday, citing Premier Wen Jiabao. It would be China’s
      Reuters; Bloomberg; REUTERS  -  638 words
    • 257 15 They plan to jointly develop natural gas deposits in Sichuan Reuters [BEIJING] Royal Dutch Shell and China National Petroleum Corp (CNPC) plan to jointly develop natural gas deposits in China’s Sichuan province under a 30-year production sharing agreement (PSA), Shell said in a statement
      Reuters  -  257 words
    • 252 15 Bloomberg [HONG KONG] Wharf (Holdings) Ltd, owner of two of Hong Kong’s largest shopping centres and the city’s cable TV operator, said 2009 profit more than doubled to a record as an economic recovery boosted retail spending and home sales. Net income climbed
      Bloomberg  -  252 words
    • 389 15 Bloomberg [BEIJING] Bank of China, the nation’s third-largest lender by market value, posted a more than fourfold increase in fourth-quarter profit, helped by a credit boom and lower impairment losses on assets. Net income climbed to 18.8 billion yuan (S$3.9 billion)
      Bloomberg  -  389 words
    • 533 15 The 4 accused are standing trial in a closed court session Bloomberg Reuters AP [BEIJING] China may seek prison sentences of at least five years for Australian Stern Hu and his three Rio Tinto Group colleagues after accusing them of taking
      Bloomberg; Reuters; AP  -  533 words
  • Page 15 Advertisements
    • 139 15 Branded Residences in Sentosa Cove Within minutes to Universal Studios Theme Park and Integrated Resort *****501 Quality Quayside Lifestyle with Panoramic views V&SMZP Spacious units of 2 3 4 Bedrooms and Penthouse Recreational facilities with private berths ,9127 4985 CBRE Call now! I M CB RICHARD ELLIS rr by AIRFRANCEQ
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  • INDIA
    • 636 16  -  It will address areas such as mutual recognition agreements By MALMINDERJIT SINGH [SINGAPORE] The review of Singapore’s Comprehensive Economic Cooperation Agreement (CECA) with India could be launched as soon next month, said India’s High Commissioner to Singapore, TCA Raghavan, at the sidelines of the Opportunities
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    • 555 16 Private sector would provide bulk of new investment, he says Reuters Bloomberg [NEW DELHI] India needs to double its infrastructure spending to US$1 trillion in the five years to 2016/17 to achieve 10 per cent annual growth rates and this would require new funding
      Reuters; Bloomberg  -  555 words
    • 488 16 Reuters [MUMBAI] The number of wealthy Indians has been rising fast over the last decade, but they’re not ready yet to let go of their hard-earned cash, even for charity, according to a study by business consultancy Bain Co. The number of so-called “high
      Reuters  -  488 words
  • Page 16 Advertisements
    • 868 16 [SATS BUY IT SELL IT FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg AUSTRALIA AND NEW ZEALAND f BANKING GROUP LIMITED ABN 11 005 357 522 FINANCIAL STATEMENTS FOR ANZ BANKING GROUP LIMITED and its controlled entities for the year ended 30 September, 2009 In accordance with the banking regulations
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  • ASIA-PACIFIC/WORLD
    • 469 17 Conservative IPO pricing underscores uncertain earnings prospects: analysts Reuters [TOKYO] Dai-ichi Mutual Life Insurance set the per share price for its US$11 billion initial public offering (IPO) at the middle of a pre-set range, suggesting lukewarm demand for the world’s biggest IPO
      Reuters  -  469 words
    • 274 17 AP [OMAHA, Nebraska] A subsidiary of Warren Buffett’s company said on Monday that it is buying a liquor distributor that serves Georgia and North Carolina. Terms of McLane Co’s acquisition of Kahn Ventures Inc and Empire Distributors were not disclosed in the statement announcing the
      AP  -  274 words
    • 263 17 AFP [SEOUL] South Korea’s government sought parliamentary approval yesterday to develop a new city into a US$14.6-billion science and education hub, scrapping plans to relocate several ministries there. The bill submitted to the legislature yesterday faces an uncertain future, with both the
      AFP  -  263 words
    • 369 17 Bloomberg AP [HO CHI MINH CITY] Vietnamese property developer Dang Thanh Tam, one of the country’s richest men, is trying to lure companies from China to his industrial parks with the promise of cheap labour costs. Mr Tam’s Kinh Bac City Development
      Bloomberg; AP  -  369 words
    • 727 18 Less welcoming business climate, rising costs underlie need to diversify Bloomberg [HONG KONG] Google Inc’s retreat from China, where US executives say the business climate is becoming less welcoming, may hasten moves by foreign companies to look beyond the world’s fastest-growing major economy
      Bloomberg; REUTERS  -  727 words
    • 393 18 NYT [DEARBORN, Michigan] Ford Motor chief executive, Alan R Mulally, was paid US$17.9 million in 2009, a 5 per cent increase, after the automaker posted its first profit in four years, the company said on Monday. Mr Mulally’s compensation rose largely because
      NYT  -  393 words
    • 369 18 AP [LOS ANGELES] Met-ro-Goldwyn-Mayer Inc, an iconic Hollywood studio that has fallen on hard times, said on Monday that it has received several offers from suitors wanting to acquire it or keep it operating as a standalone company. MGM said it will take
      AP  -  369 words
    • 328 18 AFP [LONDON] British Prime Minister Gordon Brown’s Labour government denied involvement in a cash-for-lobby-ing scandal yesterday, after three of its ex-ministers were suspended just weeks before an election. Former Cabinet minister Stephen Byers, who has been at the centre of the row, was suspended
      AFP  -  328 words
    • 390 18 AFP [SYDNEY] Anglo-Australian mining giant Rio Tinto yesterday said its massive iron ore joint venture with rival BHP Billiton would likely be delayed due to regulatory constraints. The tie-up of the miners’ vast iron ore operations in Western Australia’s resource-rich
      AFP  -  390 words
  • Page 17 Advertisements
    • 29 17 L-i FIND THE ONES U" THAT FIT! Recruit the right people J C—through CATS Recruit. Call 1800 289 8822 or email lA, H recruit@sph.com.sg to advertise. II r? C
      29 words
    • 203 17 I MoiO m coHWW 15 eMMM, BOT I DIDN'T TlW IT WOOID Be TrtIS lOflf. 3 O o o PROMOTING EMPLOYEE WELL-BEING ISN'T JUST BETTER BUSINESS SENSE. IT'S BETTER FOR BUSINESS. Before you look at the health of your organisation's bottom line, first check the health of your workforce. A
      203 words

  • Page 18 Advertisements
    • 116 18 7 p ,9> 51 a PY <*«OH T~'HK '*>< m "WO/Vfy R,{ ARJ sp o r 'HJ„ niviE S "iti m. f^st '"fit A c «^/yOfs Of/ e el THM 'Vet M *KF, S I BE WELL INFORMED WITH FREE SEMINARS ON THE PROPERTY MARKET, INVESTMENTS AND MANY MORE. SINGAPORE
      116 words

  • WORLD
    • 537 19 The controversial issue will have to be tackled to bring down budget deficit NYT [WASHINGTON] Now that landmark legislation overhauling the health insurance system is about to become law, addressing Social Security’s solvency could well become the next big thing for President Barack Obama
      NYT  -  537 words
    • 307 19 Bloomberg [NEW YORK] President Barack Obama faces a fight over the healthcare overhaul from states that say they’ll sue because the legislation’s expansion of Medicaid imposes a fiscal strain that their cash-strapped budgets can’t afford. Florida, Texas and Pennsylvania are among 12 states
      Bloomberg  -  307 words
    • 413 19 Policymakers at odds after health care bill was pushed Bloomberg [WASHINGTON] US climate change legislation will be harder to pass this year on the heels of the divisive congressional battle over health care, Senator Lindsey Graham said. The push by Democratic
      Bloomberg  -  413 words
    • 390 19 AP [WASHINGTON] A requirement tucked into the massive US healthcare bill will make calorie counts impossible for thousands of restaurants to hide and difficult for consumers to ignore. More than 200,000 fast food and other chain restaurants will have to include calorie counts on
      AP  -  390 words
  • Page 19 Advertisements
    • 1520 19 Cap/taMall Trust CAPITAMALL TRUST (Constituted in the Republic of Singapore pursuant to a trust deed dated 29 October 2001 (as amended)) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting ("AGM") of the holders of units of CapitaMall Trust ("CMT", and the holders of units
      1,520 words

  • FOCUS: SUSTAINABLE DEVELOPMENT
    • 908 20 US$65b of power plants to be built this year as govts push for clean energy Bloomberg [BERLIN] China WindPower Group, Iberdrola SA and Duke Energy Corp will lead development of an estimated US$65 billion of wind power plants this year that let utilities reduce
      Bloomberg; BLOOMBERG  -  908 words
    • 477 20 Startup says it can trap carbon dioxide emissions in cement NYT [MOSS LANDING, California] It seems like alchemy: a Silicon Valley startup says that it has found a way to capture the carbon dioxide emissions from coal and gas power plants and lock them into
      NYT  -  477 words
    • 700 20 IHT [BANDA ACEH, Indonesia] For decades, the vast jungle interior that blankets the northern Indonesian province of Aceh provided a safe haven for thousands of rebel foot soldiers fighting a war of independence. Now, still marginalised and largely unemployed despite nearly five
      IHT  -  700 words
  • Page 20 Advertisements
    • 153 20 This is the second of four "Going Global" talks organised by the Action Community for Entrepreneurship (ACE) and The Business Times, where a prominent business leader and trailblazer shares his or her company's expansion and experience in the global market. GOING GLOBAL SERIES LESSONS FROM THE US OSIM was established
      153 words
    • 85 20 t«!N, .oUdav scapa^e Gel holiday updates in SPH Travel Supplements (ST/ZB) Natas Travel 2010 Spring Sensations Holiday Fiesta Natas Summer Journeys (New) Value Vacations Natas Holidays 2010 Autumn Relights Natas Winter Journeys (New) Travel Malaysia 2010 Holiday Escapades Tentative dates, subject to change Feb 25/26 Mar 23/25 Apr 13/15 Apr
      85 words

  • Transport HUB
    • 913 21  -  And the ‘China factor’ worsens it STRAIT TALK By DAVID HUGHES AS ASIA-Pacific Maritime 2010 gets underway here today at the Singapore Expo, there is a definite feeling that the worst of the downturn may be over. And it’s certainly good to look on the
      913 words
    • 406 21 Reuters [LONDON] London’s marine insurance market has added Iran to a list of areas deemed as high risk ahead of possible US-backed sanctions,the Lloyd’s Market Association (LMA) said on Monday. Western powers want the UN Security Council to approve a resolution imposing new sanctions on
      Reuters  -  406 words
    • 586 21  -  Counter-cyclical strategy pays off strongly for Asia’s largest plane lessor By VEN SREENIVASAN [SINGAPORE] Asia’s largest plane lessor BOC Aviation posted a record US$137 million in net profit to the year ended Dec 31, 2009, thanks to its “counter-cycli-cal” growth strategy. This
      586 words
    • 500 21 AFP [LONDON] A strike by British Airways (BA) cabin crew cost over US$10 million a day, the airline said on Monday, as Prime Minister Gordon Brown sought to limit pre-election fallout from the industrial dispute. The loss-making airline ran 78 per cent of its
      AFP  -  500 words
  • Page 21 Advertisements
    • 96 21 TUVALU SHIP REGISTRY QUALITY SERVICE QUALITY FLAG Advantages 1. Low taxes 2. Agreements with IACS members on surveys and issuance of statutory certificates 3. Accedes to latest international conventions and regulations 4. Active role and representation in IMO 5. Worldwide network of surveyors 6. No restriction on nationality of ownership
      96 words
    • 156 21 A Total Systems for Freight Fo ■■—ICE ti» Cyberfreight has a reputation of reliability and value. It is a robust package that is cost effective to run. It also integrates operations and accounts with smart documentation and customer management tools. Cyberfreight has a user friendly interface that requires minimal training
      156 words

  • TRANSPORT HUB: AVIATION
    • 569 22 They will stop work during April 13-16 after failing to resolve pay dispute Reuters [FRANKFURT] Pilots at Lufthansa plan to go on strike again next month after failing to resolve a dispute over pay and job security that already caused a costly work stoppage in February,
      Reuters; REUTERS  -  569 words
    • 2923 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi EY470 2200 SQ456 1245 Adelaide LH9771 1740 9W4082 2215 SQ268 1740 AF8088 2215 VS7268 1740 BA7382 2215 JL5083 2215 QF82 2215 LH9770 2350 SQ269 2350 VS7269 2350 Ahmedabad NH6293 0710 SQ531 0710 Amsterdam KL145 0010 KL146 0150 LO4031 0610
      2,923 words
    • 362 22 Bloomberg [ATLANTA] Delta Air Lines Inc and US Airways Group Inc sought to win regulatory approval for their New York and Washington expansion plans by offering some takeoff and landing slots in the cities to four smaller carriers. AirTran Holdings Inc,
      Bloomberg; AP  -  362 words
    • 622 22 NYT [WASHINGTON] The US government is about to take a larger role in protecting airline passengers, starting with a new rule allowing travellers to get off a plane stuck on the tarmac for more than three hours. That rule, which passenger advocates have
      NYT  -  622 words
  • Page 22 Miscellaneous
    • 311 22 CRYPTIC CROSSWORD Across 1 Knock over tin? Leave Charlie a brandy (6) 4 In the direction of remote Scottish town (6) 8 Said after skin cream comes from castle (8) 10 Settle a score against English in outskirts of Airdrie (6) 11 Leave out some from Italy (4) 12 Chap
      311 words

  • TRANSPORT HUB: LAND
    • 673 23  -  Only 1-2 models’ prices for each to go up despite expected COE premium rise By SAMUEL EE [SINGAPORE] Two makes have bucked the trend and resisted the market’s rush to raise prices for their small-car range Mazda and Volkswagen. Premiums for certificates of entitlement
      FILE PHOTO  -  673 words
    • 487 23 AFP [KOLKATA] India has launched its most luxurious and expensive train service yet, seeking to attract well-heeled foreign rail enthusiasts who are prepared to pay the minimum US$800-a-night price tag. For most visitors, rail travel in India is an indispensable part of any holiday, although an
      AFP  -  487 words
    • 245 23 AFP [TOKYO] Japan’s Nissan Motor, under the control of France’s Renault, is in talks with Germany’s Daimler to procure large engines and cooperate on the development of green cars, a report said yesterday. Renault, which has a 44.3 per cent stake in Japan’s third-largest carmaker,
      AFP  -  245 words
    • 364 23 Reuters [DETROIT] Police in New York on Monday said it appears a March 9 crash of a Toyota Motor Corp Prius was a case of driver error and not unintended acceleration. “The vehicle accelerator in this case was depressed 100
      Reuters  -  364 words
    • 302 23 Bloomberg [SAO PAULO] General Motors Co (GM) will invest 1.4 billion reais (S$1 billion) in two Brazilian factories in the state of Sao Paulo to increase production and broaden its vehicle line-up for the growing South American market. The money will be used
      Bloomberg  -  302 words
  • Page 23 Advertisements
    • 4 23 www.omy.sg ttp;//yzone.omy.sg JH ISi
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    • 588 23 NOTICES TT INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number *****3771D) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in the Circular*. NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of TT INTERNATIONAL LIMITED will
      588 words

  • ASIA PACIFIC MARITIME 2010
    • 745 24  -  Asia-Pacific Maritime 2010 is a popular platform for learning, sharing and business networking, reports VINCENT WEE VINCENT WEE WITH Asia expected to lead the world out of the recession, global attention will be focused on the regional maritime industry at this week’s 11th edition of
      FILE PHOTO  -  745 words
    • 580 25  -  European nations are making their presence felt at the Asia-Pacific Maritime Conference and Exhibition this year, reports VINCENT WEE VINCENT WEE THIS year’s edition of the Asia-Pacific Maritime Conference and Exhibition (APM 2010) features not only a strong Asian component but also sees the European
      BLOOMBERG  -  580 words
    • 271 25  -  By VINCENT WEE MAJOR Chinese powerplant manufacturer Weichai Power is returning to APM 2010 for the second time and is even establishing a presence in Singapore because it sees the potential of the market and the benefits of setting up here. “It’s
      271 words
    • 1472 26  -  There is still uncertainty regarding world economic recovery and an adjustment between supply and demand factors in the shipping industry will ultimately have to be achieved, according to leading shipbroker BRS. VINCENT WEEreports VINCENT WEE COMING from one of the worst years on record for the shipping
      FILE PHOTO  -  1,472 words
    • 866 27  -  If Asian banks want to continue making profits, they need to venture into the offshore financing market, ING advises. VINCENT WEEreports VINCENT WEE ASIAN banks have lagged in the offshore financing market mainly because they lack expertise but if they want to keep making
      FILE PHOTO  -  866 words
    • 617 27  -  By KAREN NG REDUCING your carbon footprint is seen as crucial in this new millennium. Al Gore’s An Inconvenient Truth film on global warming has earned its place in popular culture as proof. After the focus on emissions from land transport and
      FILE PHOTO  -  617 words
  • Page 24 Advertisements
    • 210 24 m zJi n WEICHAI POWER CONGRATULATIONS FOR OPENING OF WEICHAI-BAUDOUIN(S) PTE,LTD. OPENING CEREMONY DATE: MARCH 25 2010. ADDRESS: 15 TUAS VIEW CLOSE TRADELINK PLACE SINGAPORE With congratulations from: (not in any order of priority) CHINESE EMBASSY IN SINGAPORE FRENCH EMBASSY IN SINGAPORE SINGAPORE ECONOMIC DEVELOPMENT BOARD CHINA CHAMBER OF COMMERCE
      210 words

  • Page 25 Advertisements
    • 828 25 Asia Pacific MARITIME 11 th EDITION SHIPPING IN ASIA TODAY, PREPARING FOR THE FUTURE Network with 900 International Participating Companies Meet 12 National Pavilions Attend 10 High-powered Conferences and Seminars Source for the Latest Maritime Equipment,Technologies and Services 24 26 March 2010 Singapore Expo Hall 3 and 4 www.apmaritime.com Opening
      828 words
    • 22 25 March 24-26, 2010 Singapore Expo Halls 3 and 4 Opening hours March 24-25, 2010 (Wed Thurs) 1000-1900hrs March 26, 2010 (Fri) 1000-1700hrs
      22 words

  • Page 26 Advertisements
    • 232 26 Asia Pacific MARITIME 11 th EDITION THIS IS THE ONE CONNECTING YOU TO INTERNATIONAL MARITIME PLAYERS 24 26 March 2010 Singapore Expo Hall 3 and 4 www.apmaritime.com Opening Hours 24 25 March 2010 26 March 2010 (Wed&Thur) (Fri) 1000-1900hrs I000-I700hrs l^l Meet 12 National Pavilions from China, Denmark, France, Germany,Japan,
      232 words

  • Page 27 Advertisements
    • 25 27 s Strategic Marine 1 Maritime Solutions .a S > -r"S a j r \v i >J '<* T IBWHEflPIIM© IF@H IFHIMIEII! AUSTRALIA SINGAPORE VIETNAM MEXICO sales@strategicmarine.com www.strategicmarine.com
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  • Page 28 Advertisements
    • 189 28 A V ASL Marine Congratulations OFFSHORE INTERNATIONAL FZC (joint venture between LARSEN &TOUBRO LTD and SAPURACREST PETROLEUM BERHAD) on the successful delivery of //I Tf "> AAA// LTS 3000 w «16 -1 -i n 7 .e-B t ri j •u evi '/i 3** •1 e LTS 3000 is a new-generation
      189 words

  • SINGAPORE STOCKS
    • 8916 29 Transaction date: Mar 23 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 3.5 3148 8Telecom 16.5 -0.5 40 17 16 16 17 1.7 11 5.3 79 10 3 5834
      8,916 words
    • 1718 30 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 5.5 4.5 5.5 30.6 5.3 25 12 8538 t APStrategic 15.5 13 15 91.5 4 1
      1,718 words
    • 574 30 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 111 107 6389 ABF SG Bond ETF 109.5 109.7 110 499.8 863 479 CIMBAsean40 100US$ US854cd -4 61 860 854 856 858 34.2 298
      574 words
    • 253 30 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 $mil 56 25 6000 AVJennings A46 46.5 51 3.6 7.6 3.7 119.8 31 7 6017 Genting HK US$ US22.5 +2.5 ***** 23 20.5 22 22.5
      253 words
    • 9331 30 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.23/ 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 0.6669/ Asian Credit Fund 1.248/ Asian
      9,331 words


  • FINANCE & COMMODITIES
    • 365 31 In local curr In S$ In US$ dy yr dy yr dy yr Mar 22 Index Change Change Change Change Change Change World Index Preliminary 859.0 0.1 3.2 0.5 1.9 0.1 2.0 EAFE Preliminary 801.7 -0.2 2.2 0.3 -0.7 0.0 -0.6 Europe Preliminary 1146.9 -0.2
      365 words
    • 66 31 Mar 23 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 10 2640 2644 2644 2625 241 6333 May 10 2600 2610 2613 2590 2530 ***** Jun 10 2589 2591 2597 2571 6978 ***** Jul 10 2574 2580
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    • 27 31 Mar 23 Open High Sett STI Mar 2907 SIMSCI Mar 342.0 346.4 346.0 Taiwan Mar 278.9 281.2 278.9 Source: MF Global (S) Pte. Ltd
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    • 22 31 Mar 23 S$ Bid Offer 1-month 1.4013 1.4026 2-months 1.4015 1.4028 3-months 1.4016 1.4029 6-months 1.4022 1.4036 Source: OCBC
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    • 85 31 Mar 23 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 371 31 Mar 23 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.6150 0 3612 Sep10 99.4350 0 2103 Dec10 99.1550 0 2473 Mar11 98.8200 0 3908 EUROYEN TIBOR FUTURES Jun10 99.6100 99.6100 99.5950 99.6000 1705 4640 Sep10 99.6150 99.6200 99.6150 99.6150 100 4042 Dec10 99.6200 99.6200 99.6150
      371 words
    • 184 31 Mar 23 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Apr 10 332.0 332.0 332.0 8 716 May 10 330.0 652 Jun 10 329.0 800 Jul 10 325.0 320 Aug 10 322.0 230 Sep 10 321.0 370 TSR 20
      184 words
    • 86 31 Mar 23 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 24.06.2010 0.35 0.32 0.28 1-Year BY*****N 01.11.2010 0.37 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.20 104.25 104.20 5-Year N*****0N 1.375 01.10.2014 100.35
      86 words
    • 132 31 Mar 23 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2720 1.3110 Can dollar 1.3670 1.3830 Euro 1.8860 1.9080 NZ dollar 0.9800 1.0030 Sterling pound 2.1000 2.1230 US dollar 1.3920 1.4080 Local dollars to 100 units of foreign
      132 words
    • 177 31 Mar 23 $S Offer Bid Overnight 1/16 par 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.33 0.23 1 month 0.35 0.25 2 months 0.36 0.26 3 months 0.37 0.27 6 months 0.50 0.40 9 months 0.90 0.60 12
      177 words
    • 2490 31 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2.5 1 15 13 6.20 50 4085 ASJ Hldgs W*****1 2 unch 1517 1 4 20 2.50 23 2036 Advance SCT Ltd W*****9 0.5 1 87
      2,490 words
    • 465 31 Mar 23 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.934 6.250 0.677 7.106 41.724 83.494 0.826 10.409 3.041 1.298 76.948 41.742 1.283 6.734 0.971 29.143 29.612 0.608 0.916 Canada 1.070 6.688
      465 words
    • 140 31 Mar 23 GOLD (US$/oz) Mar 23 Mar 22 Hong Kong 1103.30 1107.50 Mar 22 Mar 19 London 1099.35 1102.85 1100.15 1103.65 CAST BAR Mar 23 (S$) Selling Buying Kilobar "53,434.73" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 119.84 50 5gm 340.26 249 10gm 606.69 498 20gm 1143.83
      140 words
    • 155 31 Mar 23 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2826 1.2840 0.9154 0.9156 Canadian dollar 1.3724 1.3744 0.9795 0.9800 Euro 1.8934 1.8956 1.3514 1.3517 NZ dollar 0.9876 0.9894 0.7049 0.7055 Sterling pound 2.1101 2.1127 1.5060
      155 words
    • 69 31 Mar 22 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2220.50 2225.25 3 months 2255.00 2258.00 Copper, Grade A (US$/tonne) Cash 7411.25 7397.50 3 months 7450.00 7435.00 Lead (US$/tonne) Cash 2136.00 2166.75 3 months 2165.00 2195.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • 105 31 Mar 22 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 10 968.50 961.75 975.00 956.50 Jul 10 976.75 969.50 982.75 964.25 Aug 10 973.25 966.00 978.50 961.00 Sep 10 957.50 952.00 961.25 946.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 10 39.72 39.30 39.80
      105 words
    • 78 31 Mar 22 COCOA (£/tonne) Close Prev High/Low May 10 2211 2198 2212/2155 Jul 10 2218 2207 2219/2165 Sep 10 2170 2159 2170/2120 Dec 10 2148 2133 2148/2106 COFFEE (US$/tonne) Close Pev High/Low Mar 10 1241 1226 1223/1223 May 10 1273 1258 1274/1255 Jul 10 1306 1292 1308/1289 SUGAR (US
      78 words
    • 77 31 CRUDE OIL PRODUCTS Mar 22 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 79.85 0.33 WTI (Near Mth) 81.41 0.76 Dubai (1-Mth F) 77.18 -1.41 Tapis blend 81.75 -1.60 Minas 81.05 -1.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 78.67 -1.61 Jet Kerosene 86.95 -1.90 US$/barrel Opec Oil
      77 words
  • Page 31 Advertisements
    • 112 31 The more you trade, the more you save. Enjoy automatic rebates and lower commissions Make huge savings on FX and Singapore shares FX spreads from 1 pip Always guaranteed market prices on shares Learn more about our automatic rebates for frequent traders at iqmarkets.com.sq CFD trading can result in losses
      112 words

  • EDITORIAL & OPINION
    • 509 32 EDITORIAL TAKE a guess: which are the three best-performing Asian markets year to date? The answer may come as a surprise to many. The top-performing Asian bourse so far this year is Jakarta: the Jakarta Composite Index has put on 12 per cent in US dollar
      509 words
    • 765 32  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator PUBLIC opinion in China seems to be that the country has become so powerful that it is entitled to more respectful treatment, especially at a time when the United
      765 words
    • 1407 32  -  Former Enron plant puts the spotlight on wrong policies, political corruption and cronyism By VIKAS BAJAJ NYT ‘Whereverthere is a lamp, there is darkness below it,” said Bava Bhalekar, a fisherman and local leader in this village roughly a 160km south of Mumbai. “The
      NYT; REUTERS  -  1,407 words
    • 1353 33  -  The govt is continuing its efforts to make S’pore a one-stop shop for all in the cluster one of its backbone industries By HO MUI PENG ,LINA LEW Ho Mui Peng is a tax partner and Lina Lew is a senior tax manager from Corporate Tax
      AFP  -  1,353 words
    • 979 33  -  MATTHEW LYNN The writer is a Bloomberg News columnist. The opinions expressed are his own DEAR George: I’m sorry I haven’t stopped by for a while. I was thinking of taking the kids to one of your lovely islands over Easter. But,
      AP  -  979 words
    • 261 33  -  LETTER TO THE EDITOR Darryl Wee Country head ACCA Singapore WE refer to the article “Accounting to get degree of change” (BT, March 22). ACCA (the Association of Chartered Certified Accountants) supports the Committee to Develop the Accountancy Sector (CDAS) proposal to develop a
      261 words


  • 6590 34 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN RTM/ANR/TIL *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination SAN SIMEON NEW ORLEANS/CAMDEN *Loads E./W.
    6,590 words
  • Page 34 Advertisements
    • 28 34 Shipping lines seeking reliable logistics partners TO ADVERTISE, CALI IOE WONG AT 9620 1 Can "they find your services here in the Shipping THE BUSINESS TIMES SHIPPING TIIVIES
      28 words

  • Page 35 Advertisements
    • 29 35 W 1 THE BUSINESS TIIN/IES SHIPPING TIIN/IES Legal services required by shippers owners TO ADVERTISE, CALL JOE WONG AT Can they find your services here in the Shipping Times?
      29 words

  • executive Money
    • 1123 36  -  Survey shows 70% believe this is a good year to invest in property against 68% who favour equities, reports GENEVIEVE CUA GENEVIEVE CUA PROPERTY investments still take pride of place in high-net-worth (HNW) individuals’ portfolios, accounting for a third of investments, a survey by
      1,123 words
    • 774 36  -  History, valuations both point to a challenging year By PAUL J LIM The writer is a senior editor at Money magazine NYT [NEW YORK] THE market rally that has raised share prices by more than 70 per cent had its first birthday
      NYT; AP  -  774 words
    • 1123 37  -  Growth will come from emerging markets and long-term theme will be domestic consumption MONEY MATTERS HAREN SHAH The writer is senior strategist, investment analysis advice group, wealth management, Asia-Pacific Citi MARKETS have been skittish of late as fiscal troubles in Europe and a lacklustre US labour
      Source: Citi Investments Research and Analysis. As of February, 2010  -  1,123 words
  • Page 36 Advertisements
    • 167 36 XBRL Reporting from $180* www.xbrl-filing.com.sg Whether you are looking for real value or speed, you can now have your XBRL report for as low as $180* or obtain your report in as short as 2 hours*. Our enhanced tool has enabled us to pass on immense savings, so avail yourself
      167 words
    • 8 36 MONEY MATTERS Tap the Asian consumer PAGE 37
      8 words

  • Page 37 Advertisements
    • 15 37 Lianhe Zaobao Drought produce prices in China To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      15 words
    • 245 37 r Asia Group SINGAPORE HONG KONG AUSTRALIA USD ONE BILLION LAND DEVELOPMENT PROJECT EXCLUSIVE MARKETING RIGHTS THANKYOU to ourVALUED CLIENTS and ASSOCIATES for being part of this Quasi Development Investment. Your trust and support has contributed to the success of THE VILLAGES OF AINA LE'A. ERA REAL ESTATE GL® BAL
      245 words

  • Page 38 Advertisements
    • 107 38 The one thing we didn't predict. CIMB is honoured to top the StarMine Broker Rankings. It's not often that we don't see something coming. So when we found out that we were named the best research house in Singapore by StarMine*, we were pleasantly surprised. We had a wonderful 2009,
      107 words