The Business Times, 2 April 2010

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Microfilm: NL30641
Total Pages: 49
1 20 The Business Times
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  • Title Section
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    21 1 THE BUSINESS TIMES www.businesstimes.com.sg FRIDAY, APRIL 2, 2010 S$1.00 CO REGN NO *****2868E MICA(P) 123/08/2009 S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION
    21 words
  • Article, Illustration
    Lock icon Prices rise, with a hint of unease
    1116 1  -  Price resistance may be setting in as private homes, resale flats register small increases By Kalpana Rashiwala kalpana@sph.com.sg Singapore PRICES of private homes as well as public housing resale flats registered smaller quarter-on-quarter increases in the first quarter of this year compared with
    Sources: HDB,URA; Source: URA  -  1,116 words
  • Article
    Lock icon S’porean deported to UK on insider-trading charges
    453 1  -  By Ven Sreenivasan ven@sph.com.sg Singapore SINGAPOREAN Helmy Omar Sa’aid has earned the dubious distinction of becoming the first foreign national successfully extradited to Britain to face insider-trading charges. He is charged with 14 counts of insider trading together with another Singaporean, Angie Lew
    453 words
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      180 1 the PERSPECTIVE Getting more out of China's farms 36 FOOD New life, new look L 6-7 WINE The legacy of Robert Mondavi L 20 wall street Rally expected to continue THE overwhelming consensus on Wall Street is that the bulls will stay firmly in control of the stock market as
      180 words
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  • TOP STORIES
    • Article
      Lock icon MARKETS
      135 2 STI 2,943.02 (+55.56) STI FUTURES 2,923.00 (+52.00) SIMSCI 349.37 (+6.65) SIMSCI FUTURES 346.40 (+6.40) STOCKS Thursday Change KL COMP 1,329.84 +9.27 NIKKEI 225 11,244.40 +154.46 HANG SENG 21,537.00 +297.65 SET 801.32 +13.34 JAKARTA 2,830.00 +52.70 MANILA 3,161.80 -40.37 KOSPI 1,719.17 +26.32 SHENZHEN B 636.38 +7.12 MUMBAI IND 17,692.62 +164.85
      135 words
    • Article
      Lock icon Wall Street parties on but danger lurks
      537 2  -  By Andrew Marks btworld@sph.com.sg New York TWO straight down days to close out the month may have suggested that investors are turning cautious after stocks turned in one of the strongest first quarters in history. But the consensus on Wall Street is that
      537 words
    • Article
      Lock icon M’sian airports bet on retail revenue
      473 3  -  MAHB projects annual passenger traffic to rise to over 60m by 2014 By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA Airports Holdings Berhad (MAHB) expects commercial revenue to be a main driver of group earnings, with the new Kuala Lumpur International Airport’s (KLIA) low-cost carrier
      473 words
    • Article
      Lock icon SocGen probes account ‘anomalies’
      177 3 Bloomberg Singapore SOCIETE Generale SA, France’s second-largest bank by market value, is probing “anomalies” discovered in a client account overseen by one of its private bankers in Singapore. The Paris-based bank found the irregularities in theaccountinFebruary,and“immediately”informedclients who might be affected and began an internal audit, a
      Bloomberg  -  177 words
    • Article
      Lock icon Pfizer details payments to doctors, medical professionals
      561 4 The world’s biggest drugmaker is also the first to disclose payments for clinical trials NYT New York PFIZER, the world’s largest drugmaker, said on Wednesday that it paid about US$20 million to 4,500 doctors and other medical professionals for consulting and speaking on
      NYT  -  561 words
    • Article
      Lock icon Correction
      65 4 IN the report “Slight fall in Q1 office rents as occupancies rise” (BT, April 1), we said that DTZ sees office rents hitting bottom in 2011, or perhaps by the end of next year if the economy grows more strongly than expected. DTZ actually sees office rents hitting bottom
      65 words
    • Article, Illustration
      Lock icon Tom Jones cancels show again
      563 5  -  Performing will risk permanent damage to vocals; RWS gives refund By Lee U-Wen leeuwen@sph.com.sg Singapore LESS than five hours before the start of his rescheduled concert yesterday, veteran Welsh singer Tom Jones cancelled his Singapore date once again after his doctors ordered him not to
      563 words
    • Article
      Lock icon Japan’s corporate sentiment up for 4th quarter
      639 6  -  Survey raises hopes economy will continue to recover despite entrenched deflation By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN’S corporate sector mood improvedagain–forafourthconsecutive quarter in the first three months of this year, the Bank of Japan announced yesterday, raising hopes that the economy will be
      639 words
    • Article, Illustration
      Lock icon Movie equipment makers upbeat as cinemas tap 3-D craze
      714 6 Bloomberg Los Angeles MAKERS of digital movie equipment are forecasting a surge in sales as Chinese and European cinemas upgrade to tap the popularity of 3-D movies such as Avatar. Sales at Christie Digital Systems USA, the world’s largest maker of
      Bloomberg; AP  -  714 words
    • Article
      Lock icon Global manufacturing numbers fire up stocks
      413 7 Surveys for eurozone, UK, China outperform expectations; Japan firms’ confidence up again Bloomberg AP Reuters Washington WORLD stocks rallied strongly yesterday after strong manufacturing data from the United States, Europe and Asia encouraged hopes that the global recovery from recession is gaining traction. US
      Bloomberg; AP; Reuters  -  413 words
    • Article, Illustration
      Lock icon China investors pile into art as property, equities soar
      736 7 Nation’s share of world art-market sales grew to 14 per cent in 2009: report Bloomberg Hong Kong AN imperial pearl necklace is the star item in a Hong Kong auction that may raise HK$1.3 billion (S$234 million). Chinese investors are buying
      Bloomberg; REUTERS  -  736 words
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      212 2 CONTENTS NEWS Top Stories 2-6 Companies 8-12 Singapore News 13-16 World 17-22 Aviation 23 Shipping 24 Shipping schedules 25-29 Stocks Stats 30-34 Perspective 35-36 LIVING Dining L2-4 Food L5-7 Beauty L8-9 Shopping L10-11 Style L12-13 Theatre/TV L14-15 Cinema L16-17 Music L18 Arts L19 Wine L20 AV ONE TOTAL AUDIO VISUALISM"
      212 words
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      66 5 hodwood RESIDENCE The most exclusive green address in Singapore Huge 2.5ha of FREEHOLD Prime D10 Land 150m wide frontage to tranquil Goodwood Hill 210 luxuriously appointed apartments with private lifts Exclusively designed by WOHA ICN Comprehensive range of facilities with 60m green lawn, concierge service, 50m lap pool and two
      66 words
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      67 5 v FENDI N X 1 V. V *V N .4 A P i I M\s) i as n r i 4 v 1 V 1 **0 W7->" 0 DA VINCI vr. p LUXURY DA VINCI LUXURY Available at Da Vinci Home Gallery 10 Tanglin Road Tel: +65 6738 6333 Please
      67 words
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      60 7 J^ T ctfimenn ootifit wmAfPjA" rnovine Teak Coffee Table with Glass Top (40 x 100 x 55cm) Teak Chair Rattan Partition 17.0 cm) UP UP |Now $39 UP:$119 k ■A $69 Out SSW Hu'ndrecls'ofi item? inl 'the Showroom to clear, regardless.of.cost!^ in These prices are notiwrong. cause it's our| ffibvingtoutjpric^j
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  • COMPANIES
    • Article, Illustration
      Lock icon Cache Logistics Trust IPO to raise $417m
      437 8  -  Reit’s cornerstone investors are JF Asset Mgt and Morgan Stanley Investment Mgt By Emilyn Yap emilyny@sph.com.sg Singapore CACHE Logistics Trust (CLT), the first real estate investment trust (Reit) heading for a Singapore listing since the global financial crisis broke, aims to raise $417.2
      437 words
    • Article, Illustration
      Lock icon Auditors raise going concern red flags at more companies
      517 8  -  By Lynette Khoo lynkhoo@sph.com.sg Singapore ANOTHER flurry of audit opinion reports flagging going concern risks were released yesterday as companies closed their financial year-end reporting after a challenging year. China-based maker of adhesive products and plastic films CHT (Holdings) was dealt
      FILE PHOTO  -  517 words
    • Article, Illustration
      Lock icon HG Metal owner takes on stake in associate
      686 9  -  He gives up 10.39% block in parent company for 8.28% interest in BRC; move raises questions about his plans for HG By Jamie Lee leejamie@sph.com.sg Singapore THE man who kicked out HG Metal Manufacturing’s CEO and a director has swapped his substantial
      FILE PHOTOS  -  686 words
    • Article, Illustration
      Lock icon Golden Agri shares jump on heavy trading
      379 10  -  Subsidiary PT Smart refutes Greenpeace reports alleging it harms the environment By Joyce Hooi joyceh@sph.com.sg Singapore GOLDEN Agri-Resources shares saw heavy trading yesterday, with almost 76 million changing hands on news that its subsidiary had responded to recent damaging Greenpeace reports. Its subsidiary
      AFP  -  379 words
    • Article
      Lock icon SGX nod for RafflesMed scrip dividend scheme
      279 10  -  By Emilyn Yap emilyny@sph.com.sg Singapore RAFFLES Medical Group plans to adopt a scrip dividend scheme which will give shareholders the option to receive payouts in the form of new shares. It has received in-principle approval from Singapore Exchange for the proposal, and will
      279 words
    • Article
      Lock icon Delong dives on auditor’s going concern doubts
      239 10 Bloomberg Singapore DELONG Holdings Ltd shares slumped yesterday after auditor PricewaterhouseCoopers said it doubted the China-based steelmaker’s ability “to continue as a going concern.” The shares tumbled as much as 33 per cent to 40 cents, before closing at 50 cents, down 10
      Bloomberg  -  239 words
    • Article
      Lock icon Stanchart consumer bank to hire thousands
      267 10 Reuters Singapore STANDARDChartered’sconsumer bank, which saw a strong start to 2010, is hiring thousands of bankers over the next three to four years to gain market share and take advantage of rising affluence in Asia. UK-based Stanchart, which focuses on the emerging markets of
      Reuters  -  267 words
    • Article, Illustration
      Lock icon Global investors turn cautious in March
      620 11 They cut back on stocks and emerging markets but lift exposure to bonds: poll Reuters London INVESTORS cut back on equities and lifted exposure to bonds in March, signalling a degree of caution about coming months as world stocks headed for their fourth quarterly
      Reuters; REUTERS  -  620 words
    • Article, Illustration
      Lock icon STI hits 20-month high, broader market listless
      914 12  -  stocks Ven Sreenivasan ven@sph.com.sg Senior correspondent IT WAS a tale of two very different markets yesterday as the benchmark Singapore index rocketed north while the broader market generally dribbled sideways in somewhat thin volumes. The Straits Times Index (STI) took off to a
      914 words
    • Business briefing
      • Article
        Lock icon Bridging ‘insurance’ for two SGX units
        172 12 THE default insurance component of the clearing funds of two Singapore Exchange (SGX) sidiaries–SGXDerivativesClearing Limited (SGX-DC) and The Central Depository (Pte) Ltd (CDP) have expired on March 31. The two units are not replacing the insurance policies for now as there are currently no
        172 words
      • Article
        Lock icon Jurong Cement gets delisting approval
        113 12 JURONG Cement Ltd (JCL) has received in-principle approval from the Singapore Exchange (SGX) for its delisting. The approval is conditional on no changes in the proposed exit offer of $2.50 in cash and to the independent financial adviser finding the offer reasonable. Holcim Investments, JCL’s
        113 words
      • Article
        Lock icon Metax Engineering unit in joint venture
        97 12 METAX Engineering Corp said subsidiary, Oiltek Sdn Bhd, has entered into an agreement with Novaviro Technology Sdn Bhd to set up a joint venture (JV) involved in building and supply of biogas recovery systems to palm oil mill effluent plants in Malaysia and Indonesia.
        97 words
      • Article
        Lock icon ST Engineering unit wins deals worth $84m
        133 12 ST Engineering’s marine arm, ST Marine, has won three contracts worth some $84 million. Two of them worth S$55 million are upgrading and modification contracts from both its naval and commercial customers. The first, from Republic of Singapore Navy (RSN), involves upgrading a
        133 words
      • Article
        Lock icon BTelecom drops proposed special scrip dividend
        63 12 CHINA-BASED telecom company, 8Telecom International Holdings, said that it will not be proceeding with the proposed special scrip dividend of one new share for every 10 existing shares held. The company had earlier announced plans to distribute $0.***** in cash for every share; and
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      1091 11 WATJ3 NOTICES BUY IT-SELL IT-FIND IT CSE GLOBAL LIMITED (Company Registration No. *****3851D) (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of CSE Global Limited ("the Company") will be held at The Guild Room, The National University of
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  • SINGAPORE
    • Article
      Lock icon Landmark site at City Hall up for sale
      584 13  -  The developer has to retain and restore the three buildings Capitol Theatre, Capitol Building and Stamford House on the site Reports by Uma Shankari shankari@sph.com.sg THE government will soon put up for sale a commercial site with three landmark buildings Capitol Theatre,
      584 words
    • Article
      Lock icon Another EC plot at Sengkang to be launched in 2 weeks
      371 13 AN executive condominium (EC) site at the junction of Sengkang East Avenue and Buangkok Drive will go on sale in about two weeks and is expected to be warmly received by developers. The Housing Development Board said yesterday it
      371 words
    • Article
      Lock icon SingTel-linked cable system completed
      260 14  -  Unity Cable, a US$300 million link between Japan and the US, will help meet demand for bandwidth by businesses and consumers By Winston Chai winstonc@sph.com.sg SUBMARINE cable capacity in the region got a major boost yesterday with the completion of a US$300 million link between Japan
      260 words
    • Article, Illustration
      Lock icon NWC to discuss 2010/2011 wage-related guidelines
      257 14 Council seeking views from the public on productivity issues, re-employment of older workers THE National Wages Council (NWC) will meet later this month to discuss wage and wage-related guidelines for 2010/2011. To aid its discussions, the council is inviting members of the public and
      257 words
    • Article
      Lock icon NTU starts award for environmental research
      239 14 It’ll be S’pore’s first for doctoral-level research in the field NANYANG Technological University (NTU) is setting up Singapore’s first award for excellence in doctoral-level environmental and sustainability research. The award is made possible by a generous US$50,000 gift to NTU from the World Future
      239 words
    • Article, Illustration
      Lock icon Key players expected at Islamic banking meeting
      241 14 KEY players in Asia’s Islamic banking and finance industry will gather in Singapore in June for the inaugural World Islamic Banking Conference (WIBC) Asia. The Monetary Authority of Singapore is working with Du-bai-based conference organiser Mega Events to anchor the Asian chapter of
      241 words
    • Article
      Lock icon China Aviation Oil reaps gains from diversifying
      479 15  -  Looking ahead, it seeks to grow trading activities in other oil products By Ronnie Lim ronnie@sph.com.sg Singapore CHINA Aviation Oil (Singapore) which has diversified into regional trading of jet fuel and petrochemicals beyond its core business of supplying jet fuel to Chinese airports
      479 words
    • Article, Illustration
      Lock icon Orchard Road awash with fashion
      414 16  -  Over 120 stores, 10 malls presenting FSO 2010 to masses By Abigail Kor abigailk@sph.com.sg FROM today to May 9, fashion will take centre stage at Orchard Road. The Orchard Road Business Association (Orba), in partnership with Singapore Press Holdings (SPH) and official card MasterCard, will
      414 words
    • Article
      Lock icon Sites launched for aquarium fish export centres
      113 16 THE Singapore Land Authority (SLA) yesterday launched an invitation to tender for four sites at Lorong Chencharu, intended for use as aquarium fish export centres. The sites total 17,189 sq m, equivalent to slightly more than two football fields. They are part of
      113 words
    • Article
      Lock icon 3,000 YOG prepaid cards snapped up in two hours
      260 16 ONE of the six different types of the first all-in-one Prepaid “Mascots Edition” cards for the Singapore Youth Olympic Games (YOG) went on sale yesterday. And close to 3,000 cards were sold within two hours. The limited-edition cards are the result
      260 words
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      529 13 WATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg SSH Corporation Ltd. (Incorporated in the Republic of Singapore) Originating Summons No. 60 of 2010/F NOTICE OF COURT HEARING IN THE HIGH COURT QFTHE REPUBLIC OF SINGAPORE In the Matter of Section 210 of the Companies Act (Cap. 50, 2006 Rev Ed) And
      529 words
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  • WORLD
    • Article
      Lock icon Some Rio Tinto investors want deal with BHP Billiton renegotiated
      431 17 They cite sharply higher iron ore prices as a reason for discussing new terms; there’s also concern over US$5.8b payment that BHP is due to make to Rio Reuters Melbourne SOME shareholders of Rio Tinto want the miner to renegotiate
      Reuters  -  431 words
    • Article
      Lock icon Lihir Gold rejects Newcrest’s A$9.4b takeover offer as inadequate
      380 17 Bloomberg Sydney LIHIR Gold rejected a A$9.4 billion (S$12 billion) cash and stock takeover from Newcrest Mining, a deal that would create the world’s fifth-biggest producer of the metal with 10 mines in five nations. The bid values Lihir shares at
      Bloomberg  -  380 words
    • Article
      Lock icon Troubled EMI faces takeover by its bankers
      473 18 It is struggling to raise funds to repay loans after talks to sell North American distribution rights for its artists fail AP London STRUGGLING music group EMI faces being taken over by its bankers after failing to clinch a deal to sell the
      AP  -  473 words
    • Article, Illustration
      Lock icon UBS Germany faces money laundering probe
      593 18 Reuters NYT Frankfurt A GERMAN market regulator is investigating whether Swiss bank UBS’s German operations adhered to money laundering rules. The German watchdog BaFin began the probe related to a separate investigation by Frankfurt prosecutors into allegations by a former UBS client in mid-March,
      Reuters; NYT; AFP  -  593 words
    • Article
      Lock icon China bank in Bahamas resort finance deal
      400 19 The US$2.5b deal with investors gives new life to Baha Mar, put on hold since Harrah’s pulled out of the project two years ago AP San Juan, Puerto Rico A STALLED mega-resort in the Bahamas seems back on track after a Chinese bank
      AP  -  400 words
    • Article, Illustration
      Lock icon Credit Suisse CEO to get shares valued at 71m francs
      494 19 Bloomberg Zurich BRADY Dougan, Credit Suisse group chief executive, will receive shares valued at 71 million Swiss francs (S$93.9 million) under an incentive programme created five years ago to help retain executives. The payout to Mr Dougan, 50, is the
      Bloomberg; AFF  -  494 words
    • Article, Illustration
      Lock icon Rescue plan fails to cut Greece’s borrowing costs
      384 19 Yield on Greek govt bonds has risen since EU accord last week Bloomberg Paris EUROPE’S week-old rescue plan for Greece has so far failed to do what its leaders predicted: reduce borrowing costs for the region’s most indebted country. The yield on
      Bloomberg  -  384 words
    • Article
      Lock icon Pertamina eyes expiring oil & gas blocks
      528 20 Pertamina eyes expiring oil gas blocks Laws may be changed to give state oil firm first right to take over any blocks whose contracts are expiring, lawmakers say Reuters Jakarta INDONESIA may revise its oil and gas law to give state oil firm Pertamina first right to take over any
      Reuters  -  528 words
    • Article
      Lock icon Reliance not expected to renew Iran crude contract
      285 20 Reuters Dubai INDIA’S top privately run refiner Reliance Industries will not renew a contract to import crude oil from Iran for financial year 2010, two sources familiar with the supply deal said yesterday. The company did not purchase any Iranian crude in
      Reuters  -  285 words
    • Article
      Lock icon HK court freezes assets, funds of Hontex Intl IPO
      356 20 Hontex said to have violated rules; receiver to be appointed Bloomberg Hong Kong A Hong Kong court has ordered a freeze on assets and funds from the initial public offering of Hontex International Holdings Co, a Chinese fabric maker that raised
      Bloomberg  -  356 words
    • Article, Illustration
      Lock icon British island tax havens seek Asian customers
      803 21 But potential Chinese clients wary of unfamiliar Channel Island financial products Reuters St Helier The rocky islands that lie off France’s northern shores are angling for the new wealth of Asia, as clampdowns on offshore tax havens and tougher regulation threaten their traditional
      Reuters; REUTERS  -  803 words
    • Article, Illustration
      Lock icon Ford, Microsoft in e-car charging deal
      445 21 AP Detroit FORD Motor Co and Microsoft Corp have signed a deal to work together on a computerised link between houses, electric cars and utility companies to help manage energy use. The companies said on Wednesday at the New York International Auto Show that
      AP; AFP  -  445 words
    • Article
      Lock icon Seven charged in UK insider-trading racket
      743 22 They allegedly made some £2.5m in illegal profits with data leaked from UBS and JPMorgan’s print shops Bloomberg London SEVEN people were charged in connection with an insider-trading ring that UK prosecutors said made about £2.5 million (S$5.3 million) in illegal profits with data
      Bloomberg  -  743 words
    • Article, Illustration
      Lock icon Obama plan expands offshore oil drilling
      474 22 AFP Washington PRESIDENT Barack Obama on Wednesday announced a plan to expand oil drilling off US coasts, drawing protests from green groups but charges by Republicans that it did not go far enough. The decision was a reversal of his early 2008 campaign strategy,
      AFP; AP  -  474 words
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      543 17 WATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg AQUA-TERRA SUPPLY CO. LIMITED (Incorporated in the Republic of Singapore) NOTICE OF COURT HEARING IN THE HIGH COURT OFTHE REPUBLIC OF SINGAPORE Originating Summons No. 62 of 2010/ P In the Matter of Section 210 of the Companies Act (Cap. 50, 2006 Rev
      543 words
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      29 20 www.omy.sg The things remain but the people are gone To stage a comeback ricr >14 Bully others by flaunting one's power relations 4 I •1 Without further ado OL
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  • AVIATION
    • Article
      Lock icon British Airways, Iberia miss merger deadline
      507 23 BA says accord will be signed in due course Bloomberg London BRITISH Airways plc missed its Wednesday deadline to sign a definitive agreement for a US$7.6 billion merger with Iberia Lineas Aereas de Espana SA. The delay is for “technical reasons” and the UK
      Bloomberg  -  507 words
    • Article, Illustration
      Lock icon Engine maker upbeat on airline sector
      380 23 Pratt Whitney sees passenger miles up 3% this year and losses shrinking AP Hartford, Connecticut THE worst of the downturn in the airline industry may be over, the president of jet engine maker Pratt Whitney said on Wednesday. Passenger miles a key measurement of
      AP  -  380 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      339 23 CRYPTIC CROSSWORD Across 5 Initially walk over stream at abbey (6) 8 Female who is the centre of attention when there is a lot of buzzing about (5,3) 9 Making amends for a fashion in first gear (7) 10 Shining precious metal of little value (5) 11 Sandy old-timer? (9)
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  • SHIPPING
    • Article
      Lock icon Chinese navy build-up no threat to Asean
      427 24 China tells grouping it would not build a navy capable of striving for global hegemony Xinhua Beijing CHINESE military experts have told their counterparts from members of the Association of South-east Asian Nations (Asean) that the People’s Liberation Army (PLA) Navy will never
      Xinhua  -  427 words
    • Article, Illustration
      Lock icon Piracy insurance premiums take a breather
      738 24 Reuters London STIFF competition and moves by owners to protect ships better has taken the edge out of insurance costs after pirate attacks off Africa’seast coastcreated a two-year boom for specialist cover. But analysts say the menace of piracy is far from contained, and
      Reuters; AP  -  738 words
    • Article
      Lock icon TRANSPORT STOCKS
      278 24 Source: Thomson Reuters SGX '000 Apr 1 S$ +/-Vol CH Offshore 0.66 0.01 1457 Chuan Hup Hldgs 0.30 unch 20 Cosco Corp 1.27 0.03 6484 CWT Ltd 1.10 0.04 4338 Ezra Hldgs 2.45 0.09 3944 First Ship Lease 0.62 0.01 464 Freight Links 0.05 -0.01 16 Grand Banks
      Source: Thomson Reuters  -  278 words
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      6496 25 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 Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
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      138 29 MARKET) BUZZ Geniki Lines to extend coverage of Malaysia-Brunei coastal service A A From April 6, Johor-based Geniki Lines will implement a new service that will extend its existing coverage of ports in Malaysia to the Port of Muara in Brunei in a loop. Geniki Lines, will deploy the 629-TEU
      138 words
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      Lock icon Page 29 Advertisements Column 2
      27 29 Importers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327. THE BUSINESS TIMES SHIPPING TIMES
      27 words
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  • SGX
    • Article
      Lock icon Untitled
      9109 30 Transaction date: Apr 1 Transaction date: Apr 1 Transaction date: Apr 1 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 3.5 3148 8Telecom 17.5 +0.5 100 17.5 17 17 18 1.7 10.3
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    • Article
      Lock icon SGX CATALIST
      1856 33 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 t AA Grp 5.5 5 5.5 30.6 5.3 25 12 8538 t APStrategic 15.5 13 15 91.5 4 1 1501
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 33 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 3 4 0 0 0 10 3 4 Manufacturing 88 34 79 3 6 22 91 40 101 Commerce 31 7 32 3 3 6 34 10 38 Tpt/Stor/Comms 27 5 12
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 33 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 25,156 25,156 80,365 80,365 Manufacturing 407,850 18,860 426,710 272,950 973 273,923 Commerce 174,808 39,552 214,360 205,996 12,941 218,937 Tpt/Stor/Comms 125,605 1,461 127,066 208,415 183 208,598 Finance 19,709 19,709 165,043 165,043 Construction 44,442 1,626 46,068 13,960
      119 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      844 33 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Mar 29 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Avaplas Ltd 31-Mar-10 Wong Vee Tong OE 400 0.10 2440 0.98 2840 1.14 The Lexicon Grp 31-Mar-10
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    • Article, Illustration
      Lock icon STOCK MARKETS
      95 34 YTD change:+1.57% 52-week high: 2,947.08 on Jan 11,2010 52-week low: 1,689.87 on April 1,2009 Source: Bloomberg Source: YTD change: -1.53% 52-week high: 23,099.50 on Nov 18, 2009 52-week low: 13,411.70 on April 1, 2009 Source: Bloomberg YTD change: -3.96% 52-week high: 3,478.01 on Aug 4,2009 52-week low: 2,331.88
      Source: Bloomberg  -  95 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      365 34 In local curr In S$ In US$ dy yr dy yr dy yr Mar 31 Index Change Change Change Change Change Change World Index Preliminary 868.5 -0.1 4.3 0.0 2.5 0.1 2.9 ‡EAFE Preliminary 813.3 -0.2 3.6 0.0 -0.2 0.2 0.2 Europe Preliminary 1158.0 -0.1
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 34 Apr 1 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2838 1.2859 0.9185 0.9187 Canadian dollar 1.3818 1.3845 0.9886 0.9891 Euro 1.8870 1.8902 1.3501 1.3504 NZ dollar 0.9875 0.9892 0.7065 0.7067 Sterling pound 2.1280 2.1319 1.5225 1.5231
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    • Article
      Lock icon LIFFE
      76 34 Mar 31 COCOA (£/tonne) Close Prev High/Low May 10 2255 2262 2268/2231 Jul 10 2273 2279 2285/2249 Sep 10 2229 2237 2242/2204 Dec 10 2189 2194 2201/2170 COFFEE (US$/tonne) Close Pev High/Low Mar 10 1324 unch May 10 1356 unch 1366/1332 Jul 10 1388 1390 1400/1365 SUGAR (US tonne)
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    • Article
      Lock icon CHICAGO BOT
      105 34 Mar 31 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 10 941.00 974.00 977.00 930.50 Jul 10 950.00 980.75 983.25 939.25 Aug 10 943.75 969.25 970.75 933.75 Sep 10 926.00 943.50 946.50 914.50 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low May 10 38.31 38.67 39.05
      105 words
    • Article
      Lock icon PALM OIL
      64 34 Apr 1 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 10 2599 2594 2605 2584 888 4500 May 10 2557 2555 2568 2553 5017 ***** Jun 10 2540 2543 2549 2532 ***** ***** Jul 10 2526 2535
      64 words
    • Article
      Lock icon OIL
      75 34 Mar 31 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 81.74 0.68 WTI (Near Mth) 83.53 1.11 Dubai (1-Mth F) 79.53 0.59 Tapis blend 84.70 0.75 Minas 83.50 0.75 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 79.45 -0.90 Jet Kerosene 89.60 0.45 US$/barrel Opec Oil Basket Price
      75 words
    • Article
      Lock icon METALS
      69 34 Apr 1 GOLD (US$/oz) Mar 31 Apr 01 Hong Kong 1109.*****5.30 Mar 30 Mar 31 London 1103.*****2.75 1104.*****3.55 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 24.61 24.38 Source: UOB PLATINUM Lon (US$/oz) Mar 31 Close Previous PM Fix 1645.*****2.00 AM Fix 1641.*****7.00 Source: Thomson Reuters PLATINUM NYMEX
      69 words
    • Article
      Lock icon LONDON METALS
      71 34 Mar 31 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2293.50 2262.00 3 months 2323.00 2294.00 Copper, Grade A (US$/tonne) Cash 7759.25 7814.50 3 months 7790.00 7850.00 Lead (US$/tonne) Cash 2119.25 2105.50 3 months 2147.00 2135.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
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  • PERSPECTIVE
    • LETTERS TO THE EDITOR
      • Article
        Lock icon Ireland fixing banking system, poised for recovery
        795 35  -  Michell Martin T D Minister for Foreign Affairs Ireland This refers to the article: “Irish banks need US$43 billion of capital injection” (BT, March 25). With the successful launch of Ireland’s bank recapitalisation plan, the publication of the Central Bank Reform Bill and
        795 words
      • Article
        Lock icon Seatown not a hedge fund or fund manager
        172 35  -  Myrna Thomas (Ms) Managing Director Corporate Affairs Temasek Holdings We thank Professor Bernard Lee for his interest in Temasek and Seatown in his article titled “Temasek’s Seatown: a fund within a fund” (BT, March 31). There are some basic inaccuracies that we
        172 words
      • Article
        Lock icon Analysing DBS’s Indian venture
        396 35  -  Narayana Narayana IT IS disappointing that your elaborate analysis of DBS’s venture into the Indian market “DBS sells Indian JV stake for $117m” (BT, March 31) does not spell out more plainly the bottom line of the foray. The report informs that DBS sank $79 million
        396 words
    • Article, Illustration
      Lock icon Getting more out of China’s farms
      1360 36  -  Agriculture’s industrialisation not a bane but boon to growth. By Ngiam Tong Dow By Ngiam Tong Dow LAND reform is a potent slogan often used by insurgents to oust incumbent governments. Landless peasants and slum dwellers readily rally around populist calls to dispossess the
      AFP  -  1,360 words
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      Lock icon Page 1 Advertisements Column 1
      71 1 Executive LifestyleTHEBUSINESSTIMES|APRIL*****BTTHE BUSINESS TIMES APRIL 2 2010 THE SPRING ISSUE BT's special Easter holiday edition looks at some of the best picks of the season in food, fashion, beauty and more. Plus our regular movie and music reviews. DINING Spring surprises L2-4 FOOD Cross wise L5 FOOD New life, new
      71 words
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  • BT Executive Lifestyle
    • DINING
      • Spring surprises
        • Article, Illustration
          Lock icon Les Amis
          1061 2/3  -  #02-16 Shaw Centre 1 Scotts Road ?6733-2225 Spring is in the air and you can taste it in some of the top restaurants in town as they unveil new menus and fresh inspirations. Whether it’s Japanese-inspired French or Spanish-accented avant garde cuisine, there’s no better time than now
          1,061 words
        • Article, Illustration
          Lock icon Andre Chiang
          619 2/3  -  Jaan Par Andre Level 70 Swissotel the Stamford 2 Stamford Road ?6837-3322 By Audrey Phoon aphoon@sph.com.sg HE sees dead things at least for now. While many chefs are shaping their menus to reflect spring’s usual image (new vegetables, cheery-perky presentations), Andre Chiang’s vision for this season is a
          619 words
        • Article, Illustration
          Lock icon Ignatius Chan Iggy's
          711 4  -  #03-00 The Regent 1 Cuscaden Road 6732-2234 www.iggys.com.sg By Audrey Rhoon POKEaroundthe newest dishesat Iggy’sand youwill unearth some signs of autumn: figs, perhaps, or a grape or two. It’s stuff you don’t usually see on springtime menus, but then Iggy’s founder and creative brain Ignatius Chan isn’t
          JOHN HENG  -  711 words
      • Article, Illustration
        Lock icon Return of the native
        561 4  -  Homegrown chef Justin Quek will helm a multi-concept restaurant in the Marina Bay Sands. By Geoffrey Eu By Geoffrey Eu btnews@sph.com.sg IT’S the return of the culinary world’s prodigal son, but not quite in the way he might have imagined, perhaps. In 2004, homegrown chef Justin
        561 words
    • FOOD
      • Article, Illustration
        Lock icon CROSS WISE
        627 5  -  What’s Easter without a hot cross bun or five? We do a taste test to determine the season’s ultimate bake. By Audrey Phoon By Audrey Phoon 1. Hot cross buns from SomethingToGo (above) These buns from the deli of The Regent Singapore are kind of titchy in size,
        ARTHUR LEE  -  627 words
      • Article, Illustration
        Lock icon New life, new look
        688 6 / 7  -  The humble Easter egg has evolved into a colourful nugget of chocolate joy and pastry chefs are now even creating designer eggs. By Jaime Ee and Natalie Koh By Jaime Ee,Natalie Koh jaime@sph.com.sg natksl@sph.com.sg AS a symbol of rebirth or Spring, the humble Easter egg has
        YEN MENG JIIN  -  688 words
    • BEAUTY
      • Article, Illustration
        Lock icon Flower power
        1104 8 / 9  -  Indulge in a low-calorie treat this Easter with these floral-inspired beauty treatments. Your body will thank you for it. By Melissa Lwee it.By Melissa Lwee mellwee@sph.com.sg Damai Grand Hyatt Singapore ?6738-1234 Damai Orchid Facial ($170) GIVEN that our national flower is the Vanda Miss Joaquin, what flower could
        YEN MENG JIIN  -  1,104 words
    • SHOPPING
      • Article, Illustration
        Lock icon SPRING FOR THIS
        934 10 / 11  -  Here are seven of the season’s most stylish yet wearable trends from local and international designers, along with how to work them. By Audrey Phoon them. By Audrey Phoon aphoon@sph.com.sg 7JUMPSUITSSpring’s all about looking effortlessly easy-breezy, and the simplest way to do it is to throw on
        934 words
    • THEATRE/TV
      • Article, Illustration
        Lock icon Waiting for The Tempest
        1199 12 / 13  -  Filling time before getting to a helipad ahead of an impending storm, the actors of the Bridge Project including the enigmatic Stephen Dillane chat about Shakespeare and Singapore. By Clarissa Tan By Clarissa Tan btnews@sph.com.sg SIX in the evening, and a group of Shakespearean actors are
        ARTHUR LEE; JOAN MARCUS  -  1,199 words
      • Article, Illustration
        Lock icon Raising the bar for realistic war shows
        555 12 / 13  -  By Christopher Lim limchris@sph.com.sg A LACK of battlefield music is just one of the many Hollywood cliches missing from new World War II TV mini-series The Pacific, the two-episode premiere of which kicks off tomorrow night at 9pm on HBO’s regular and high-definition
        555 words
      • Article, Illustration
        Lock icon Free spirit
        546 12 / 13  -  By Clarissa Tan btnews@sph.com.sg IN The Tempest, the air sprite Ariel played by Christian Camargo appears at one point with huge wings that have steel blades as feathers. Camargo’s own career has had a wide span, ranging as it does from Hollywood (most notably in The Hurt Locker,
        CHRISTIAN CAMARGO  -  546 words
    • STYLE/THEATRE
      • Article, Illustration
        Lock icon The Hun wears Prada
        1178 14 / 15  -  The New York Metropolitan Opera’s Attila marked Miuccia Prada’s debut as a costume designer. By Jaime Ee designer. By Jaime Ee jaime@sph.com.sg ASfarasHunsgo,At-tila must be the moststylishbarbarian ever to rampage through the battlefields of Europe. Picture, if you will, the villainous marauder, waking up in the
        1,178 words
    • CINEMA
      • Article, Illustration
        Lock icon Style and substance
        659 16 / 17  -  The Tom Ford-directed A Single Man is beautifully crafted and compellingly told, with a memorable performance by Colin Firth at its core. By Geoffrey Eu By Geoffrey Eu btnews@sph.com.sg TOM Ford was a fashion designer before being a movie director, so the sophisticated, stylised look of his
        659 words
      • Article, Illustration
        Lock icon A major letdown despite big names
        526 16 / 17  -  By Geoffrey Eu btnews@sph.com.sg GIVEN the current fascination with effects-laden fantasy epics, it might have seemed like a good time to remake in 3D, no less Clash of the Titans, a story based on popular Greek mythology about Perseus, the mortal son of Zeus.
        526 words
      • Article, Illustration
        Lock icon Conquering the enemy, but not the audience
        564 16 / 17  -  By Geoffrey Eu btnews@sph.com.sg “MORE of this is true than you would believe,” reads a line of text at the beginning of The Men Who Stare at Goats. What follows is a hard-to-swallow story about past and present members of an experimental US
        564 words
      • Article, Illustration
        Lock icon A single man, a variety of roles
        646 16 / 17  -  By Geoffrey Eu btnews@sph.com.sg COLIN Firth is no slouch when it comes to playingthe romantic lead he set millions of female hearts fluttering as Mr Darcy in the 1995 BBC television series Pride and Prejudice but it’s no small irony that he is
        646 words
    • MUSIC
      • Article, Illustration
        Lock icon Incredible voice in unlikely package
        556 18  -  Imogen Heap tickles fans with humour and wows them with music. By Christopher Lim By Christopher Lim limchris@sph.com.sg WHEN Imogen Heap bounced onto the stage in frumpy sweatpants and a frilly frock to introduce the pair of opening acts for her concert on Monday, she
        JONATHAN KWA  -  556 words
      • Article, Illustration
        Lock icon Delicious phrasing sets guitar virtuoso apart
        520 18  -  Deeper Than Purple Rosli Mansor terraBox Rating: B+ cd review By Christopher Lim limchris@sph.com.sg INSTRUMENTAL rock guitar music had its heyday in the 1980s and the early 1990s, but is markedly less fashionable these days, so local guitarist Rosli Mansor will be making a
        520 words
    • ARTS
      • Article, Illustration
        Lock icon Sounds of sorrow and joy
        720 19  -  Erhu is capable of producing the most heart-wrenching sounds, and gaohu is often considered its higher-pitched version. By Samuel Wong Shengmiao chinese orchestra By Samuel Wong Shengmiao btnews@sph.com.sg The writer is the artistic director of The Teng Company, a lecturer and the author of two
        720 words
      • AROUNDTOWN
        • Article, Illustration
          Lock icon What lies beneath
          152 19 SINGAPORE Tyler Print Institute (STPI) showcases works by young Japanese artist Tabaimo in a show titled emerge as. At 34, she has already shown at the Venice Biennale, and at several museums and galleries all over Europe, the US and Japan. Tabaimo is predominantly known for her
          152 words
        • Article
          Lock icon Deconstructing codes
          134 19 THE Substation gallery presents Etiquette: On Sitting Down and Shutting Up, a show curated by Zarina Muhammad and Tania De Rozario consisting of 18 Singaporean women artists who deconstruct the codes of femininity in a variety of works from video installations to creations in fabric, photography and mixed
          134 words
        • Article
          Lock icon Exploring childhood
          87 19  -  Compiled by Madhvi Subrahmanian A NEW artist project space on Niven Road called Evil Empire shows works by 11 artists curated by Alan Oei. The theme of this show cheekily draws on Oei's interest in medieval paintings of Jesus as an infant, and looks at how artists engage
          87 words
    • WINE
      • Article, Illustration
        Lock icon The legacy of Robert Mondavi
        1027 20  -  The legendary wine maker almost single-handedly put Napa Valley on the world map. By N K Yong By N K Yong btnews@sph.com.sg TO know that you have achieved more or less fully what you set out to do must give great contentment and peace of
        1,027 words
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