The Business Times, 27 March 2010

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Microfilm: NL30613
Total Pages: 49
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    17 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg MARCH 27-28, 2010 S$1.00 MICA(P) 124/08/2009 sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION
    17 words
  • Article, Illustration
    Lock icon Markets brace for World Cup lull
    1232 1  -  BT looks at the impact of the World Cup on the stock market and concludes that it’s time to take shelter By Teh Hooi Ling hooiling@sph.com.sg Singapore WHEN Tiger Woods apologised for his marital infidelity and “repeated irresponsible behaviour” in a global broadcast at
    Compiled by BT  -  1,232 words
  • Article
    Lock icon Parkway Novena sells all 100 medical suites
    576 1  -  Sales could bring in more than $200 million and add almost $60 million to top line of Parkway Holdings By Chen Huifen xuifen@sph.com.sg Singapore HEALTHCARE services provider Parkway Holdings could see a $60 million boost to its top line this year, fuelled by
    576 words
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  • TOP STORIES
    • Article
      Lock icon US, Europe ink 2nd stage open skies deal
      557 2  -  Iata welcomes treatment of climate issues but disappointed over matter on ownership By Ven Sreenivasan ven@sph.com.sg Singapore LESS than a week after the World Trade Organization (WTO) made a preliminary ruling on a longrunning funding dispute between Airbus and Boeing, the US
      557 words
    • Article, Illustration
      Lock icon Markets warm to IMF role in Greece safety net
      560 2 Reuters Brussels EURO zone leaders received a cautious stamp of approval from financial markets yesterday for their agreement to create a safety net with the International Monetary Fund (IMF) to help debt-rid-den Greece. Under an accord announced late on Thursday, Athens
      Reuters; REUTERS  -  560 words
    • Article
      Lock icon MARKETS
      137 2 STI 2,906.28 (+17.91) STI FUTURES 2,906.00 (+18.00) SIMSCI 345.36 (+2.28) SIMSCI FUTURES 345.50 (+1.80) STOCKS Friday Change KL COMP 1,315.14 +2.66 NIKKEI 225 10,996.37 +167.52 HANG SENG 21,053.11 +274.56 SET 778.86 -5.52 JAKARTA 2,813.08 +13.93 MANILA 3,180.68 +9.54 KOSPI 1,697.72 +9.33 SHENZHEN B 623.06 +7.61 MUMBAI IND 17,617.47 +58.62
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    • Article, Illustration
      Lock icon Where will you be when the lights go out?
      559 3  -  Singapore buildings and companies will turn off the lights between 8.30pm and 9.30pm to support Earth Hour By Abigail Kor abigailk@sph.com.sg Singapore IF Suntec Singapore looks dimmer than usual between 8.30pm and 9.30pm tonight, it’s because it is “going dark to
      ABDUL RAUUF MASKHAZIN  -  559 words
    • Article, Illustration
      Lock icon ‘Sex Bomb’ fizzles out mid-concert
      497 4  -  Tom Jones leaves stage after just 2 songs, leaving audience, organisers baffled By Lee U-Wen leeuwen@sph.com.sg Singapore HE has long described himself as a “Sex Bomb”, but to the 4,000 people who turned up for his one-night only concert yesterday, Tom Jones was anything but.
      497 words
    • Article, Illustration
      Lock icon Motorsports Hub awaits building green light
      607 5  -  SG Changi plans to start construction as early as June, provided it gets approval from all relevant authorities By Nisha Ramchandani nishar@sph.com.sg Singapore CONSTRUCTION on Singapore’s much anticipated Changi Motorsports Hub could flag off as early as June or July, if all goes according
      607 words
    • Article
      Lock icon 95-year-old ship MV Doulos gets new lease of life
      536 5  -  By Vincent Wee vincewee@sph.com.sg Singapore SOME ships, like some people, lead a charmed life the well-known floating bookshop MV Doulos has been saved from the scrapyard at the last minute and will get a new lease on life as a hotel
      536 words
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      61 2 CONTENTS NEWS Top Stories 2-5 Raffles Conversation 6-7 Week in Review 8 Companies 9-12 From The Desk Of 13 Singapore 14-17 Letter From Abroad 18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-33 Househunt 34 Real Estate 35 LIVING Shopping L2-6 WeekendWith L7 Dining L8-9 Home& Garden L10-11 Gadgets
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  • Page 3 Miscellaneous
    • Miscellaneous
      Lock icon Page 3 Miscellaneous Column 1
      74 3 SINGAPORE —SWEEP— What is 5D Cascade Prize? 5D CASCADE PRIZES (100 prizes of $10,000 each) Total I^orthisdraw" $1,000,000 Match the first 5-digit to win the Cascade Prize SINGAPORE -SWEEPfff ill#*® Draw No. 04/2010 3 5 09 40 $3 21 Draw Date: Wednesday, 7 April 2010 7f 0 Sfl 7 APRIL
      74 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      39 5 GOOD CLASS BUNGALOW LAND FOR REBUILD NASSIM ROAD •Land Size ***** sqft 35m Frontage Rectangular Flat Land •Cul-de-sac Face Greenery Orchard View Quiet Serene Priced to Sell South/East Facing KH TAN 9456-7348 Newsman Realty Pte Ltd Sole Marketing Agent
      39 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The sanest man amongst Mad Men
      2152 6  -  Saatchi’s ‘non-executive chairman guy’ Bob Seelert shares his nuggets of wisdom. By Joyce Hooi By Joyce Hooi joyceh@sph.com.sg BOB Seelert, chairman of Saatchi Saatchi, really should have been Bob Seelert, president of Hartford Distributors for Budweiser beer. Back in the 1960s, when he had
      ARTHUR LEE  -  2,152 words
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      70 6 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”.
      70 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK | March 22-26, 2010
      • Article
        Lock icon Accounting to get degree of change
        35 8 ON the table: A new postgraduate degree that will be a prerequisite to becoming a public accountant in Singapore. It will also be a passport to finance jobs overseas.
        35 words
      • Article
        Lock icon Thailand situation remains unresolved
        40 8 TRY as they might, Thai anti-gov-ernment protesters and Prime Minister Abhisit Vejjajiva have been unable to see eye-to-eye on the ground rules for talks, as the demonstrations in Bangkok entered a 10th straight day on Sunday.
        40 words
      • Article
        Lock icon Yes he can, and Asia may ride ripple-effect
        39 8 AS US President Barack Obama savoured a slice of history on Monday by pushing his US$940 billion healthcare bill through the House of Representatives, Asia has reason to smile as well.
        39 words
      • Article
        Lock icon Asian stocks stumble on rate hike fears
        45 8 STOCK markets in Asia stumbled after an earlier-than-expected hike in interest rates by India reminded investors that the unusually low rates that prevailed through the financial crisis must eventually rise again as economic growth returns, fuelling price inflation.
        45 words
      • Article
        Lock icon Under attack, the dragon breathes fire
        43 8 AGAINST international pressure on multiple fronts, China is firmly holding its ground and hitting back. On Tuesday, Beijing swiftly condemned Google Inc’s defiance of China’s self-censorship rules in rerouting all mainland searches to its Hong Kong site.
        43 words
      • Article
        Lock icon Govt releases 4 home sites in one go
        66 8 FOUR more residential sites on which more than 1,200 private homes can be built in total were released for sale by the government on Tuesday. Analysts said thatthe“veryrare”move of releasing four sites on the same day was designed to emphasise the government’s
        66 words
      • Article
        Lock icon Temasek bond issues fire up market
        38 8 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 five benchmark issues over the last five months.
        38 words
      • Article
        Lock icon Ghost likely to treble Rolls-Royce sales
        48 8 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, Rolls-Royce delivered 1,002 cars globally, with virtually all of them being the Phantom series.
        48 words
      • Article
        Lock icon A better picture of the private property market
        44 8 SINGAPORE now has a second price index to provide information on the state of the private housing market here. The new Singapore Residential Price Index tracks month-on-month price movements in the private non-landed residential property market.
        44 words
      • Article, Illustration
        Lock icon MR CHEONG
        35 8 Says the government should allow the property market to operate fully as a free market. The government, however, stands by its method, saying bubbles, if allowed to form, have severe consequences. FILE PHOTO
        FILE PHOTO  -  35 words
      • Article
        Lock icon Let private property fly free, urges Simon Cheong
        68 8 THE president of the Real Estate Developers’ Association of Singapore, Simon Cheong, came out strongly on Wednesday to say that the government should allow the property market here to operate fully as a free market. He asked if the state should be
        68 words
      • Article
        Lock icon COE premiums in unprecedented jump
        40 8 PREMIUMS for a Certificate of Entitlement jumped by unprecedented amounts on Wednesday as panic appeared to seize motor traders during the final tender before the introduction of a new and significantly smaller quota next month.
        40 words
      • Article
        Lock icon Govt rebuts Cheong’s ‘free market’ theory
        64 8 THE government on Thursday defended its policy of managing price movements in the private housing market and also stood by its method of supplying developers with state land sites. The Ministry of National Development said: “A property market bubble, if allowed to form, may
        64 words
      • Article
        Lock icon KL hints at sports betting, gaming stocks jump
        46 8 THE shares of Malaysian gaming companies spiked up on speculation that they could get in on Kuala Lumpur’s plans to legalise sports betting. Prime Minister Najib Razak confirmed in Hong Kong that the government was studying the idea.
        46 words
    • NEXT WEEK | March 29-April 2
      • Article
        Lock icon US DATA
        54 8 March 29 Feb Personal Income Feb Personal Spending Feb PCE Prices Core March 30 Jan Case-Shiller 20-city Index March Consumer Confidence March 31 March ADP Employment Change Feb Factory Orders Crude Inventories April 1 Continuing Claims Initial Claims Feb Construction Spending March ISM Index April 2 March Non-farm
        54 words
      • Article
        Lock icon SINGAPORE DATA
        20 8 March 29 Feb Producer and International Trade Price Indices March 31 Q4 External Debt Feb Central Government Operations
        20 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Lock icon Page 8 Miscellaneous Column 1
      328 8 CRYPTIC CROSSWORD Across 1 Worsening annoyance (11) 9 You might say it when offering a gift or present (4) 10 Not the end one’s prepared for (6,5) 11 Teachers’ union’s for heads (4) 14 The only luggage that one needs? (7) 16 Treatment mother’s wise to have (7) 17 A
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    • Miscellaneous
      Lock icon Page 8 Miscellaneous Column 2
      17 8 SATURDAY with Ludwig ‘Forget about high resale home prices you can have this on a shoe-string budget...’
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  • COMPANIES
    • Article
      Lock icon Hengxin eyeing dual listing in Hong Kong
      395 9  -  Meanwhile, managing director resigns for personal reasons; search on for executive director By Michelle Quah michquah@sph.com.sg Singapore HENGXIN Technology intends to seek a dual primary listing of its shares in Hong Kong, echoing the recent trend among companies here seeking a second listing
      395 words
    • Article
      Lock icon Judicial management for Zhonghui extended to Sept 15
      429 9  -  Extension also granted till May 15 to file results By Lynette Khoo lynkhoo@sph.com.sg Singapore THE judicial managers of troubled firm Zhonghui Holdings have received some breathing space from the Singapore High Court. The court has agreed to extend the judicial management period
      429 words
    • Article
      Lock icon Mongolia bank mulls listing in HK, S’pore
      217 9 Reuters Hong Kong MONGOLIA’S Golomt Bank is considering the Hong Kong and Singapore exchanges among others as it plans to go public as early as 2012, counting on interest from investors looking to capitalise on the country’s rich natural resources, its chief executive
      Reuters  -  217 words
    • Article, Illustration
      Lock icon Business as usual as pennies dominate
      618 10  -  stocks| R Sivanithy sivan@sph.com.sg Senior correspondent IT was business as usual for the local stock market this week, with no real surprises. However, in the past six to eight weeks, “business as usual” has been a bit of a misnomer for many retail brokers,
      618 words
    • Article
      Lock icon TOP 20 ACTIVES
      110 10 VOL CLOSE Centillion 181,011 1.5 0.5 50.0 GMGGlobal 61,052 15.5 1.5 10.7 Z-ObeeHldgs 39,214 49 1.0 2.1 GoldenAgri 37,926 54.5 0.5 0.9 Q&MDental 35,061 51.5 1.0 2.0 GentingSP 33,579 92 -0.5 -0.5 LKH 30,095 46.5 0.0 0.0 PNEMicron 30,072 4 1.0 33.3 PacAndes 28,014 34.5 2.0 6.2
      110 words
    • Article
      Lock icon STI STOCKS
      110 10 Stock name Close Change CapMallsAsia 2.300 +0.010 CapitaLand 4.030 +0.090 CapitaMall 1.840 -0.010 CityDev 10.760 +0.040 ComfortDelGro 1.590 +0.020 DBS Grp 14.600 +0.160 F&N 4.660 +0.120 Genting SP 0.920 -0.005 Golden Agri 0.545 +0.005 HK Land 4.900 +0.080 JMH 34.200 JSH 19.640 -0.060 Jardine C&C 29.200 +1.100 Keppel
      110 words
    • Article, Illustration
      Lock icon ‘Double top’ signals drop for Asian stocks: DMG
      288 10 Bloomberg Singapore ASIAN stocks, as measured by the MSCI Asia-Pacific Index, may drop towards their February lows after twice failing to stay above 125 points in the past three months, according to DMG Partners Securities Pte. The Singapore-based brokerage cited a so-called
      Bloomberg; BLOOMBERG  -  288 words
    • Article
      Lock icon TOP GAINERS
      63 10 BY CENTS CLOSE UP GLD 10US$ ***** 129.2 0.9 Jardine C&C 2920 110.0 3.9 STXPO 100 1656 96.0 6.2 Lyxor China H 10US$ 1564 52.0 2.4 DBXT MSKorea 10US$ 4801 43.5 0.6 Lyxor India Nifty 10 1642 33.0 2.1 HL Asia 484 25.0 5.4 DBXT MSTaiwan 10US$ 1599
      63 words
    • Article
      Lock icon TOP LOSERS
      53 10 BY CENTS CLOSEDOWN DBXT FTChina25 10US$ 2869 -50.6 -1.2 DBXT MSBrazil 10US$ 667 -47.8 -4.9 UOB 5.05%NCPS 100 ***** -30.0 -0.3 OCC 5.1% NCPS 100 ***** -12.0 -0.1 JSH 1964 -8.4 -0.3 Wilmar 660 -5.0 -0.8 Lyxor CRBNonEny10US$ 224 -4.2 -1.3 Hyflux 338 -4.0 -1.2 DBS MBL eCW*****2
      53 words
    • Article
      Lock icon One-time gain boosts Cogent’s bottom line
      250 10  -  By Olivia Ho oliviaho@sph.com.sg Singapore THANKS to a one-time gain, recently listed Cogent Holdings yesterday reported a more than doubling in 2009 net profit to $17.7 million, from 2008’s $7 million. Last year saw the integrated logistics solutions provider reaping a one-time gain of
      250 words
    • Article
      Lock icon Minzhong says no impact from indirect shareholders’ legal spat
      730 11  -  Planned IPO said to be raising up to US$186.6m with indicative pricing of $1.07 to $1.33 a share By Lynette Khoo lynkhoo@sph.com.sg Singapore LISTING aspirant China Minzhong has dismissed rumours alleging its link to a law suit, saying that the legal
      730 words
    • Article, Illustration
      Lock icon Bharti-Zain deal edges towards finishing line
      334 12  -  2 special purpose vehicles formed, in Singapore and the Netherlands By Winston Chai winstonc@sph.com.sg Singapore BHARTI AirTel has reportedly formed two special purpose vehicles (SPV), in the Netherlands and Singapore, for the acquisition of Zain’s assets in South Africa. India’s Economic Times said that
      REUTERS  -  334 words
    • Article
      Lock icon KrisEnergy builds up solid portfolio in just 6 months
      457 12  -  Latest assets are in Cambodia and in Vietnam By Ronnie Lim ronnie@sph.com.sg Singapore IN just six months, Singa-pore-based exploration and production firm KrisEnergy set up by the founders of the formerly listed Pearl Energy has built up an E&P asset portfolio
      457 words
    • Article
      Lock icon Heatec unveils paintremoving robot
      264 12  -  By Jaslene Pang jaspang@sph.com.sg Singapore PRODUCTIVITY and going green have been the latest hot topics in Singapore. And Catalist-listed Heatec Jietong Holdings is tackling these issues with a patented water-jetting technology the Envirobot Robotic Vehicles (Envirobots). Envirobots remove paint on ship hulls and other surfaces. They
      264 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      507 9 WATS NOTICES BUY IT• SELL IT-FIND IT Apex-Pal The Innovalive Food People APEX-PAL INTERNATIONAL LTD. (Company Registration No. *****4816E) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of Apex-Pal International Ltd. (the "Company") will be held at
      507 words
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      2176 11 ZAGRO ASIA LIMITED Registration No.: *****6784D (Incorporated in the Republic of Singapore) (the "Company") NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Fifteenth Annual General Meeting of the Company will be held at Zagro Global Hub, 5 Woodlands Terrace #06-00, Singapore *****0, on Friday, the 30th day
      2,176 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Transforming the media industry
      1107 13 Advances in technology and the advent of new media, entertainment and information have opened up tremendous growth opportunities in the media sector from the desk of A REVOLUTION is taking place. The digital age is transforming the media industry. Thanks to advances in technology and the
      1,107 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon February factory output surges 19.1%
      376 14  -  Recovery may lead MAS to tighten monetary policy in April: economists By Teh Shi Ning tshining@sph.com.sg SINGAPORE’S factory output came in better than expected for a third straight month in February, surging 19.1 per cent year on year as global electronics demand strengthened further. This
      BLOOMBERG  -  376 words
    • Article
      Lock icon February visitor arrivals up 24%
      313 14  -  By Nisha Ramchandani nishar@sph.com.sg THE number of visitors to Singapore surged 24.2 per cent year on year to a record 857,000 in February, with visitor days growing 16.3 per cent to 3.3 million days, the Singapore Tourism Board said yesterday. Indonesia (144,000 visitors), China (143,000),
      313 words
    • Article
      Lock icon Making working at height safe
      306 14  -  By Felda Chay feldac@sph.com.sg THE government will beef up safety measures to protect people who work at height, after a rise in fatalities last year. And it aims to reduce cranes-related deaths by making a safety awareness workshop compulsory for registered crane operators. The moves
      306 words
    • Article, Illustration
      Lock icon 16 houses at Fort Road close to being sold
      435 15  -  Chip Eng Seng said to have clinched option to buy the freehold properties for $86 million By Kalpana Rashiwala kalpana@sph.com.sg SIXTEEN freehold terrace houses at Fort Road in the Tanjong Rhu area are said to be close to being sold for
      YEN MENG JIIN  -  435 words
    • Article
      Lock icon Collective sales market stays cool
      551 15  -  By Emilyn Yap emilyny@sph.com.sg THE property market may be hot for new launches, but the fervour has not spilled over to collective sales. BT understands that two residential sites put up for sale in December last year are unlikely to find new owners soon. The
      551 words
    • Briefing
      • Article
        Lock icon Army welcomes new chief
        54 15 BRIGADIER-GENERAL Chan Chun Sing has been appointed Chief of Army. At a change-of-command parade yesterday at Pasir Laba Camp, he took over the army’s symbol of command from the outgoing Major-General Neo Kian Hong. Maj-Gen Neo will take over as Chief of Defence Force from Lieuten-ant-General
        54 words
      • Article
        Lock icon Training for World Expo volunteers
        53 15 SIXTY volunteers are giving up their own time to become ambassadors for Singapore at next month’s Shanghai World Expo. Two training sessions will be held for them one in Singapore until tomorrow, and the other in Shanghai from April 16-18. These cater to volunteers located
        53 words
    • Article
      Lock icon Invida consolidates subsidiaries
      302 17  -  It will market hypertension drug Tracleer throughout Asia By Nisha Ramchandani nishar@sph.com.sg PHARMACEUTICAL commercialisation specialist the Invida Group, which relocated to its new corporate headquarters at Science Park One yesterday, is consolidating its subsidiaries under the brand name Invida. In a move aimed at solidifying brand presence
      302 words
    • Article, Illustration
      Lock icon Yeo Hiap Seng founder’s story told in book
      922 17  -  By Abigail Kor abigailk@sph.com.sg YOU’VE probably added a dash of its soya sauce in countless meals, chugged down at least one of its canned drinks or even used one of its ready-made sauces to whip up an Asian meal, passing it off
      YEN MENG JIIN  -  922 words
  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      28 14 Lianhe Zaobao "King of Tea" in both mainland Taiwan hopes to continue to ride on China's growth ft 1 "ills: cn rtn" For Subscription, call 6388 3838 www.sphsubscription.com.sg
      28 words
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      139 15 WAT>i NOTICES ADVENT INSURANCE AGENCY PTE. LTD. (Formerly known as Advent M G Insurance Agency Pte. Ltd.) (Company Registration No. *****0478R) (Incorporated in the Republic of Singapore) LOSS OF SHARE CERTIFICATES NOTICE is hereby given that the following Share Certificates have been reported lost, mislaid or destroyed: Name of Share
      139 words
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      32 16 "Oh dear,, we,ve mixea business with pleasure!' weekend THE BUSINESS TIMES ESSENTIAL READING FOR BUSINESS. CALL 6388 3838 TO SUBSCRIBE. p fl HE Bl knee i mn ymthtta J a»- deals'rfolf retailer
      32 words
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  • LETTER FROM ABROAD
    • Article, Illustration
      Lock icon Going Dutch
      869 18  -  letter from amsterdam Jenny Theresia Consultant Global Transfer Pricing Services KPMG Meijburg Co FOR the past year, I have been exploring the diverse offerings of Amsterdam. To quote my Dutch colleague, Amsterdam is “excitingly prolific” about what it offers. Among its unique offering are: a famous red-light district,
      869 words
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  • WORLD
    • Article
      Lock icon Revised Q4 growth a tad lower at 5.6%
      455 19 Corporate profits grew 6.5% in same quarter, slowing from a 12.7% rise in prior period latest us data Reuters Washington THE US economy grew at a slightly less brisk pace in the fourth quarter than previously estimated, while corporate profits slowed sharply
      Reuters  -  455 words
    • Briefing
      • Article
        Lock icon Stanchart to pay banking head US$13.3m for 2009
        112 19 Bloomberg London Standard Chartered will pay head of wholesale banking Michael Rees as much as US$13.3 million for 2009, making him the highest paid director on the board. The payment is a 33 per cent rise on the US$10 million paid to
        Bloomberg  -  112 words
      • Article
        Lock icon Democrats send Obama final healthcare measure
        109 19 AP Washington Congressional Democrats sent the final piece of landmark healthcare legislation to President Barack Obama, who is likely to sign the measure next week. The last legislative chapter in the wrenching national debate over Mr Obama’s health reform plan came on Thursday night
        AP  -  109 words
      • Article
        Lock icon UBS to slash 200 jobs in US brokerage unit: WSJ
        64 19 Reuters Bangalore Swiss bank UBS will slash about 200 jobs in its US brokerage unit, the Wall Street Journal said on Thursday. The job losses account for nearly 1.2 per cent of the brokerage unit’s 16,295 employees. The bulk of
        Reuters  -  64 words
      • Article
        Lock icon China to launch trading of stock futures on April 16
        48 19 AP Shanghai China will launch trading of stock futures on April 16, regulators said yesterday, in a move that could help boost stock prices and increase the role of the country’s securities markets in financing economic development. AP
        AP  -  48 words
    • Article, Illustration
      Lock icon Macau’s curb on casinos may unsettle investors: analyst
      351 19 AFP Hong Kong MACAU’S move to limit the growth of its gaming sector will create uncertainties and discourage investment in the Asian gambling hub, an analyst said yesterday. The government said earlier this week it would not approve any new casino projects
      AFP; BLOOMBERG  -  351 words
    • Article
      Lock icon Japan consumer prices down in Feb
      458 20  -  Hatoyama calls for maximum effort to arrest deflation By Anthony Rowley btworld@sph.com.sg Tokyo JAPANESE consumer prices fell by 1.2 per cent last month, marking a full year of consecutive monthly declines with little sign that the problem is easing its grip on the world’s
      458 words
    • Article, Illustration
      Lock icon Credit Suisse CEO earns 19.2m francs
      224 20 Bloomberg Zurich BRADY Dougan, Credit Suisse Group chief executive officer, received 19.2 million Swiss francs (S$25.3 million) in compensation last year, boosting his salary almost sevenfold. Mr Dougan’s pay included 17.9 million francs in bonuses and a fixed salary of 1.25 million francs, the
      Bloomberg; AFP  -  224 words
    • Article
      Lock icon Lebedev buys British papers for £1
      278 20 AP Bloomberg London RUSSIAN tycoon Alexander Lebedev has agreed to buy the money-losing UK newspapers, The Independent and The Independent on Sunday. Mr Lebedev paid £1 pound (S$2) for the Independent papers, which lost £12.4 million last year, Independent News Media (INM), which owns
      AP; Bloomberg  -  278 words
    • Article
      Lock icon The new buzzword in yuan-speak
      434 21 Central bank vice-governor stresses more targeted, flexible policy as conditions change Reuters Beijing THE stress in China’s “appropriately easy” monetary policy is on the “appropriately” now after an emphasis on the “easy” last year, a senior central banker said yesterday. Hu Xiaolian, a People’s Bank
      Reuters  -  434 words
    • Article, Illustration
      Lock icon Beijing could resume managed float of currency, says adviser
      824 21 AFP AP Beijing CHINA could adopt a more flexible exchange rate policy once the global economy is back on a sure footing, a central bank adviser said yesterday, as pressure intensifies on Beijing to let the yuan rise. In an opinion
      AFP; AP; BLOOMBERG  -  824 words
    • Article
      Lock icon Push in India to curb inflation
      434 22 Hawkish central bank report reinforces shift in focus to contain wholesale price inflation Reuters Mumbai INDIA’S central bank said on Thursday that it was imperative to curb inflationary pressures fuelled by increased capacity utilisation and rising energy and commodity prices. Earlier on Thursday, a
      Reuters  -  434 words
    • Article
      Lock icon Nestle has right to cut off Sinar Mas, says minister
      512 22 Bloomberg Jakarta NESTLE SA’s decision to stop buying from Indonesian palm oil producer Sinar Mas Group over deforestation concerns is “perfectly normal”, the country’s environment minister said, suggesting that the government does not plan to protest. “That’s their right as
      Bloomberg  -  512 words
    • Article
      Lock icon Bukit Asam, China Railways in US$4.8b rail project
      374 22 Reuters Jakarta INDONESIAN state-owned coal miner, PT Tambang Batubara Bukit Asam Tbk, said on Thursday that it has signed contracts for a total of US$4.8 billion for a new rail project to transport its coal to a port in Sumatra. The deal
      Reuters  -  374 words
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      183 20 April issue out now! PEOPLE CWTs Loi Pok Yen: Aiming for world Quek Peck Lim: On building a brand in PrimePartners TOP STORY BUYING THE UNLOVED STOCK COMPANIES Value in Metro, Lion Asiapac. Singapore Re Raffles Education: Investing for the future Plus MediaRing. S1A and Yangzijiang OTHERS Why Buffett buys
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  • SGX
    • Article
      Lock icon Transaction date: Mar 26
      9037 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 18 +0.5 3495 18 17 17 18 1.7 10.1 5.8 86.2 10 3 5834 A-Sonic 7.5 7
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      Lock icon SGX CATALIST
      1799 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 $mil 10 5 1181 t AA Grp 5.5 4.5 5.5 30.6 5.3 25 12 8538 t APStrategic 15.5 13 15 91.5 4 1 1501
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 26 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 3 4 0 0 0 10 3 4 Manufacturing 73 45 76 7 3 13 80 48 89 Commerce 29 14 25 3 1 3 32 15 28 Tpt/Stor/Comms 23 8 12
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      837 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Mar 22 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Hiap Hoe Ltd 24-Mar-10 Teo Ho Kang B/R 375 na 1500 0.40 1875 0.40 Hiap Hoe Ltd
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 26 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 19,064 19,064 56,341 56,341 Manufacturing 518,088 47,148 565,236 219,863 2,056 221,918 Commerce 145,172 7,445 152,617 142,854 2,068 144,922 Tpt/Stor/Comms 84,507 339 84,846 136,156 61 136,217 Finance 21,440 21,440 151,805 151,805 Construction 67,030 5,031 72,061 26,852
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  • MARKETS
    • Article, Illustration
      Lock icon STOCK MAPKETS
      82 27 YTD change: +0.30% 52-week high: 2,947.08 on Jan 11,2010 52-week low: 1,658.04 on March 30,2009 YTD change: -3.75% 52-week high: 23,099.50 on Nov 18,2009 52-week low: 13,411.70 on April 1,2009 YTD change: +3.96% 52-week high: 10,955.40 on March 26,2010 52-week low: 7,437.59 on March 30,2009 (Chart shows Thursday’s
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      365 27 In local curr In S$ In US$ dy yr dy yr dy yr Mar 25 Index Change Change Change Change Change Change World Index Preliminary 870.2 0.8 4.5 0.8 2.8 0.8 2.7 ‡EAFE Preliminary 811.7 0.6 3.4 0.4 -0.7 0.4 -0.9 Europe Preliminary 1165.3 1.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Mar 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2767 1.2779 0.9091 0.9093 Canadian dollar 1.3743 1.3761 0.9786 0.9791 Euro 1.8749 1.8765 1.3350 1.3352 NZ dollar 0.9946 0.9960 0.7082 0.7087 Sterling pound 2.0827 2.0848 1.4830 1.4834
      154 words
    • Article
      Lock icon LIFFE
      76 27 Mar 25 COCOA (£/tonne) Close Prev High/Low May 10 2198 2201 2209/2170 Jul 10 2218 2212 2226/2183 Sep 10 2185 2172 2185/2145 Dec 10 2153 2145 2156/2121 COFFEE (US$/tonne) Close Pev High/Low Mar 10 1310 1255 May 10 1342 1287 1349/1287 Jul 10 1379 1321 1387/1319 SUGAR (US tonne)
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    • Article
      Lock icon CHICAGO BOT
      105 27 Mar 25 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 10 942.50 690.00 966.50 942.00 Jul 10 950.50 967.50 973.25 950.00 Aug 10 945.00 961.50 966.25 945.00 Sep 10 925.50 941.75 945.00 925.75 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low May 10 38.70 39.08 39.48
      105 words
    • Article
      Lock icon PALM OIL
      67 27 Mar 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 10 2619 2599 2626 2595 825 5640 May 10 2577 2565 2590 2562 2404 ***** Jun 10 2551 2534 2565 2534 9524 ***** Jul 10 2540 2521
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    • Article
      Lock icon OIL
      75 27 Mar 25 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 80.24 0.60 WTI (Near Mth) 80.50 0.04 Dubai (1-Mth F) 78.22 0.75 Tapis blend 82.90 1.00 Minas 81.70 0.60 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 78.00 -0.89 Jet Kerosene 87.30 -0.15 US$/barrel Opec Oil Basket Price
      75 words
    • Article
      Lock icon LONDON METALS
      73 27 Mar 25 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2187.50 2189.00 3 months 2219.00 2222.00 Copper, Grade A (US$/tonne) Cash 7399.25 7333.75 3 months 7435.00 7371.00 Lead (US$/tonne) Cash 2048.25 1996.75 3 months 2077.00 2026.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon METALS
      67 27 Mar 26 GOLD (US$/oz) Mar 25 Mar 26 Hong Kong 1092.*****8.20 Mar 24 Mar 25 London 1091.*****2.05 1092.*****3.05 Source: Bloomberg SILVER Selling Buying Passbook 1 oz 23.55 23.32 Source: UOB PLATINUM Lon (US$/oz) Mar 25 Close Previous PM Fix 1593.*****6.00 AM Fix 1585.*****0.00 Source: Bloomberg PLATINUM NYMEX (US$/oz) Mar
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Indonesia: destiny beckons
      1078 28 / 29  -  The country has potential with its large consumer markets and substantial natural resources, but it has to overcome major challenges before it can be in the ranks of the BRIC nations. By Karim Raslan By Karim Raslan The writer is a freelance columnist who specialises on South-east
      AFP  -  1,078 words
    • Article, Illustration
      Lock icon Rethinking the population conundrum
      777 28 / 29  -  John Gee The author is a Singapore-based freelance writer THERE is a secret that hides in plain view, but goes unrecognised. It is that a lot of Singaporeans want to have all the conveniences of the city, but to live in the country. Those who market
      777 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Don’t just drink it, invest in it
        1251 30 / 31  -  There is an emerging category of alternative asset managers who specialise in wine investment, pooling investors’ capital into wine funds. By Genevieve Cua By Genevieve Cua gen@sph.com.sg IF you have cash to spare and are keen on an alternative asset that generally does
        Source:The Wine Investment Fund  -  1,251 words
      • Article
        Lock icon BROKERS' TAKE
        719 30 / 31  -  Compiled by Conrad Tan Keppel Land Buy OCBC Investment Research, March 26 Close: $3.70 ON Wednesday, Keppel Land (KepLand) held the topping-out ceremony for the first tower at Reflections at Keppel Bay. The take-up rate for the new units released during the recent launch was strong 29 of
        719 words
      • Article, Illustration
        Lock icon In times of turbulence
        1697 32  -  While a list of worries about the global economy makes its rounds among investors, not all warrant concern wealth insights Shane Oliver AMP Capital Investors The writer is head of investment strategy and chief economist, AMP Capital Investors IT is in the nature of humans to
        1,697 words
      • Article, Illustration
        Lock icon Miller beats Miller with Legg Mason Opportunity Trust
        1215 33 The fund managed by Bill Miller returns 14% this year compared with 5.2% for his own flagship fund Bloomberg Boston BILL Miller, who beat the Standard Poor’s 500 Index for 15 straight years with Legg Mason Capital Management Value Trust, is neck
        Bloomberg; BLOOMBERG FILE PHOTO  -  1,215 words
    • WEALTH REAL ESTATE
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  • Page 34 Advertisements
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      65 34 Featuring the Prestige Homes Collection Escape to the dream waterfront lifestyle To arrange for an appointment to view our show unit, please contact Gladis Heng 9387 4624, George Tan 9792 8913 For other luxurious developments, please call 6836 3338 or search with us at il/r Savills has more than 200
      65 words
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  • Page 36 Advertisements
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      74 36 M iUDEMARS PlGUET Le maitre de I'horlogerie depuis 1875 I i J m m m m ivc j s S3 A\ M m &S2&S 7.-.. s Si A flw s S3 ka hi a j ht V 1 11. < m t mm 1 JK W/A ft Bra: i-v 3SW
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  • Page 1 Advertisements
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      61 1 LivingTHEBUSINESSTIMESWEEKEND|MARCH27-*****0BTTHE BUSINESS TIMES WEEKEND MARCH 27-28 2010 SHOPPING Resorts World Sentosa L5 THE RIGHT MIX Perk up your skin with natural, custom-blend formulas L2-4 PERSONAL SPACE Home is where the art is L10-11 FOOD Tea for two or 200 L14-15 DINING Chocolate sensations L8-9 PHOTO: YEN MENG HEALTH Don’t worry,
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  • BT Living
    • SHOPPING
      • Article, Illustration
        Lock icon The right mix
        1948 2/3  -  Cheers! Homegrown mixologists of the cellular kind have come up with natural, custom-blend formulas to help perk up tired, troubled skin. By Audrey Phoon skin.By Audrey Phoon aphoon@sph.com.sg The Skin Pharmacy #01-22 City Square Mall 180 Kitchener Road ?6509-8469 www.the-skin-pharmacy.com YOU could call Lau Min-Tsek and Mah
        PHOTOS OF JACELYN TAY, LOVAGE PRODUCTS BY YEN MENG JIIN; ARTHUR LEE  -  1,948 words
      • Article
        Lock icon wine & dine with BTWeekend
        1072 4 wine dine with BTWeekend Chatterbox Level 5, Meritus Mandarin Singapore 333 Orchard Road ?6831-6288 Home to the signature Mandarin Chicken Rice, Chatterbox is an iconic coffee house renowned for its Asian local delights and Western favourites. Most recently, Chatterbox opened its new premises on Level 5 of the hotel with
        1,072 words
      • Article, Illustration
        Lock icon Destination shopping
        577 5  -  The Valiram group brings its specialist retail experience to Resorts World Sentosa. By Melissa Lwee By Melissa Lwee mellwee@sph.com.sg FEW people walking through the Luxury Fashion area at Resorts World Sentosa (RWS) would think that it was anything more than another albeit smaller shopping mall in Singapore. In
        577 words
      • Article, Illustration
        Lock icon The classics
        539 6  -  While men’s fashion has evolved by leaps and bounds, many especially those in the corporate workforce still prefer to err on the side of conservatism. But classic doesn’t have to mean boring. We showcase some stores where men can indulge in that bit of savoir faire. By Melissa
        539 words
    • WEEKEND WITH
      • Article, Illustration
        Lock icon Suits her to a tea
        962 7  -  Wee Wei Ling seems to have the same soothing effect on people like the brew she loves. weekend with wee wei ling tea collector By Audrey Phoon aphoon@sph.com.sg IF neurotic Hollywood celebrities (so often photographed with Starbucks cups in hand) personify the coffee-swigging set, then
        ARTHUR LEE  -  962 words
    • DINING
      • Article, Illustration
        Lock icon TASTE SENSATIONS
        1237 8 / 9  -  Local chocolate creations of the deeper and darker variety are making a buzz. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg Jewels Artisan Chocolate #02-31/32 Orchard Central 181 Orchard Road 6509 8998 www.jewels.com.sg THEY melt in your mouth but not in your hand so goes the famous chocolate advertisement,
        1,237 words
      • Article, Illustration
        Lock icon The gospel according to St John
        972 8 / 9  -  Geoffrey Eu btnews@sph.com.sg IT’S been some 16 years since Fergus Henderson started preaching the gospel according to St John, the London restaurant that is famous for serving animal extremities and other forgotten foods. His no-pretence, straightforward approach to British cuisine struck a chord with
        YEN MENG JIIN  -  972 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon Home is where the art is
        1093 10 / 11  -  James Kenneth Koh, headhunter by profession and interior designer by passion, gives a whole new meaning to the concept of industrial chic. By Corinne Kerk personal space By Corinne Kerk btnews@sph.com.sg IF you don’t know what it’s like having a hawk-eyed neighbour, you should
        PHOTOS: JOHN HENG  -  1,093 words
    • GADGETS
      • Article, Illustration
        Lock icon If it isn’t broken, don’t fix it
        820 12  -  Samsung, Bang Olufsen and Sony have plenty of new models for those content to watch TV in only two dimensions. By Christopher Lim By Christopher Lim limchris@sph.com.sg TELEVISIONS that display images in three dimensions (3D) promise to be the wave of the future
        820 words
    • HEALTH
      • Article, Illustration
        Lock icon DON’T WORRY, BE HAPPY
        952 13  -  One way to be happy is to stop engaging in social comparison, says a positive psychology practitioner. By Cheah Ui-Hoon uihoon@sph.com.sg HOW do you characterise a Singaporean? The joke is that besides the fact that they like to queue, they also like to complain about life
        FILE PHOTO  -  952 words
    • FOOD
      • Article, Illustration
        Lock icon Tea for two ... or 200
        1441 14/15  - Tea for two or 200 an organic home-brewed tea made with a starter of already fermented tea passed around in swap meets, has taken America by storm. In a post-Atkins, probiotic movement, it could very well be ‘the new bacon’ By Malia Wollan NYT San Francisco NAOMI Most, a devoted
        NYT; PHOTOS BY PETER DASILVA/THE NEW YORK TIMES  -  1,441 words
    • SPORT
      • Article, Illustration
        Lock icon Two big tasks ahead for Ronaldo
        685 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Acting Deputy Foreign Editor FOOTBALL’S world record transfer fee was smashed last July when Cristiano Ronaldo finally got his wish to move from Manchester United to Real Madrid for £80 million (S$166.9 million) in search of more trophies
        685 words
      • Article, Illustration
        Lock icon Let’s hear it for the Unsung Heroes XI
        889 16  -  kick off with john dykes John Dykes WE are approaching the stage of the Barclays Premier League (BPL) season when our thoughts turn to judging individuals to shortlisting Player of the Season contenders and paying tribute to the clubs’ top performers. And
        889 words
    • GOLF
      • Article, Illustration
        Lock icon Not the real thing but pretty good
        1184 17  -  There’s air-con. It saves time and you can choose the various courses you want to play on. Welcome to the world of indoor golf. By Justine Moss By Justine Moss btnews@sph.com.sg ASK any golfer what they enjoy most about the game and a
        1,184 words
    • MOTORING
      • Article, Illustration
        Lock icon New cat on the prowl
        809 18  -  The XJ is the final piece in the Jaguar jigsaw after the XF executive saloon and XK grand tourer. By Geoffrey Eu By Geoffrey Eu btnews@sph.com.sg JAGUAR has a motoring pedigree that few carmakers can match, and with the introduction of the latest XJ full-size
        809 words
      • Article, Illustration
        Lock icon This Ghost floats on air
        700 19  -  State-of-the-art engineering ensures that it’s a magic carpet ride in the new Rolls-Royce Ghost. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THE new Ghost may have all the design cues of a classic Rolls-Royce but underneath the large flat sheet metal lies state-of-the-art engineering. The
        700 words
      • Article, Illustration
        Lock icon Praying for rain and some excitement
        642 20  -  The Bahrain Grand Prix was a procession, not a race. Let’s hope the one in Melbourne tomorrow will fare better. By Samuel Ee f1 watch By Samuel Ee samuelee@sph.com.sg THE results of an official Formula One fan survey have been leaked. By coincidence, an
        642 words
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