The Business Times, 7 April 2010
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2010-04-07
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The Business Times
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Title Section24 2010-04-07 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, April 7, 201024 words
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545 2010-04-07 1 WINSTON CHAI - IDA may free up remaining 3G spectrum and pave way for new player, says consultation paper By WINSTON CHAI [SINGAPORE] Singapore’s telco scene could add a splash of colour beyond the current red, green and orange if the Republic’s telecommunications regulator goes ahead545 words
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Article, Illustration636 2010-04-07 1 UMA SHANKARI - US$847m tab will also give Qatari Diar 40% stake in Fairmont Raffles By UMA SHANKARI [SINGAPORE] Qatar’s sovereign wealth fund Qatari Diar has acquired a 40 per cent stake in luxury hotel chain Fairmont Raffles in a US$847 million deal that will also636 words
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Article139 2010-04-07 1 ST INDEX 2,975.51 (+7.13) ST INDEX FUTURES 2,959.00 (+7.00) SIMSCI 352.51 (+0.35) SIMSCI FUTURES 350.00 (-1.00) FOREX US$ S$ US$ (S$ per US$) 1.397 (US$/S$ per 1.519 2.122 EURO (US$/S$/E) 1.342 1.874 Foreign currency per US$ S$ YEN 93.80 67.20 RM 3.213 2.300 HK$ 7.766 5.560 BAHT 32.35139 words
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Page 1 Advertisements
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Advertisement47 2010-04-07 1 EXEC MONEY Forex as an asset class PAGE 40 COEs Supply could be halved BANKING Citi appoints S’pore country head PAGE 2 ALKAFF MANSION Rental tender draws top bid of $79,251 PAGE 11 PAGE 4 TIGER WOODS MEETS THE PRESS Sober, earnest and vulnerable REPORT PAGE 447 words
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TOP STORIES
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Article, Illustration976 2010-04-07 2 ANGELA TAN - Noble, Peabody trade barbs and up the ante in tussle for Macarthur Coal By ANGELA TAN [SINGAPORE] The battle between Singapore-listed commodities house Noble Group and the biggest US coal producer, Peabody Energy Corp, has turned nasty and even more personal. In976 words
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Article492 2010-04-07 2 Fourth mobile operator may get a call-up SINGAPORE’S telco scene could add a splash of colour beyond the current red, green and orange if the Republic’s telecommunications regulator goes ahead with a plan to free up its remaining third-generation cellular spectrum. The Infocomm Development Authority of Singapore is492 words
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523 2010-04-07 2 VIKRAM KHANNA - By VIKRAM VIKRAM KHANNA [SINGAPORE] Morgan Stanley’s chairman for Asia, Stephen Roach, has praised the US government’s decision to delay the publication of the Treasury department’s foreign exchange report, which was widely expected to label China a “currency manipulator”. The report, originally due523 words
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546 2010-04-07 2 LEE U-WEN - By LEE U-WEN [SINGAPORE] Malaysia is likely to return to the international bond market, because doing so will give a key insight into how the market rates the country, Prime Minister Najib Razak said yesterday. “Yes, we will most probably546 words
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Article, Illustration486 2010-04-07 2 CONRAD TAN - By CONRAD TAN [SINGAPORE] Citigroup has appointed Michael Zink as head of its operations in Singapore, ending months of speculation about who would assume the role after former country head Jonathan Larsen left for Hong Kong in November. Mr Zink, 51, will become country head486 words
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Article, Illustration779 2010-04-07 4 He takes on tough questions about his life without rancour NYT [AUGUSTA, Georgia] Tiger Woods got the tough part of this Masters week out of the way on Monday, getting in front of the public in the morning and the news media inNYT; REUTERS - 779 words
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715 2010-04-07 4 SAMUEL EE - Down to 1999 levels but COE premiums could soar, with much bigger car population Reports by SAMUEL EE [SINGAPORE] This year’s new car registrations could plunge to levels not seen since 1999, but certificate of entitlement (COE) premiums would be way715 words
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627 2010-04-07 4 [SINGAPORE] The luxury brands are increasing market share in a contracting market, thanks to skyrocketing COE premiums in 2010. Their sales volumes may have fallen because of the shrinking supply of certificates of entitlement, but their ranking among authorised distributors has improved significantly. So627 words
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Advertisement68 2010-04-07 2 7 CtanosnH ootLfit 1 I wmtPjA" movinG out sat® Hundreds of items in the Showroom to c ear regardless of cost! These prices are not wrong. Rattan Partition Because it's our movinglQutipricesl >Bg^fclementiL0utlet:l UP BIkt3A5, Clementi^V.ei5*#.01-88 UP:$119 l8pmW Opent^1i1:30am $39 $69 Now, 6741 7717 Now Win Ticke Baii&Ji ta Log68 words
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Advertisement10 2010-04-07 2 Sponsored By: Garuda Indonesia Content Powered By: rei nana ,sg10 words
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Advertisement195 2010-04-07 3 0 Wir leben Autos. Der Neue Ope A new name. A new cor. A new era. U. I w izM LJ|j ill P Immaculate design with intelligent characteristics built for performance No surprises, it's made in Germany, making it unquestionable in quality, performance and value. Performance 2.0L turbo, 220hp at195 words
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Advertisement1850 2010-04-07 4 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Jk FORELAND F ABRICTECH Company Registration Number: ***** FORELAND FABRICTECH HOLDINGS LIMITED (Company Registration No. *****) (Incorporated in Bermuda) ("the Company") Registered Office: Canon's Court, 22 Victoria Street, Hamilton HM 12, Bermuda NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the1,850 words
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Advertisement9 2010-04-07 4 Cerato-Forte No 1; E-Class in Top 10, Page 319 words
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COMPANY NEWS
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Article, Illustration535 2010-04-07 5 SIOW LI SEN - UOB chairman Wee Cho Yaw gets none; optimistic about this year, with provisos By SIOW LI SEN UNITED Overseas Bank (UOB) chief executive Wee Ee Cheong got a near 27 per cent pay rise for 2009 while his father, bank chairman WeeFILE PHOTOS - 535 words
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838 2010-04-07 5 CONRAD TAN - HOCK LOCK SIEW By CONRAD TAN DBS Group’s disposal of its stake in Indian joint venture Cholamandalam DBS Finance (Chola) last week marks a turning point in an expansion drive that started over a decade ago during the Asian financial crisis and838 words
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Article, Illustration579 2010-04-07 6 RONNIE LIM - Singapore LNG Corp another possibility in longer term, says a Temasek MD By RONNIE LIM TEMASEK’S wholly owned subsidiary SP PowerGrid which manages Singapore’s electricity and gas transmission and distribution networks could potentially be the next candidate for a business trust offering, suggested WongFILE PHOTO - 579 words
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339 2010-04-07 6 VEN SREENIVASAN - It has now bagged $326m worth of deals for this project By VEN SREENIVASAN Structural steel and civil engineering solutions specialist Yongnam Holdings has clinched a $20.2 million contract for the Marina Coastal Expressway (MCE), its fifth one for this project. This brings the total339 words
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476 2010-04-07 6 KAREN NG - It seeks feedback on contract specifications By KAREN NG THE Singapore Exchange (SGX) plans to introduce a new futures contract the Nikkei Dividend Index Futures and is inviting public feedback on contract specifications. The proposed contract part of new chief executive officer Magnus476 words
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92 2010-04-07 6 STARHUB’S long-term shareholder MediaCorp has distributed its remaining 128 million shares in StarHub to Temasek Holdings as payment in lieu of a cash interim dividend for the financial year ended March 31, 2010. With the distribution of the dividend in specie, which represents around92 words
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552 2010-04-07 9 LYNETTE KHOO - Move comes in wake of board differences over cashflow problems By LYNETTE KHOO DISAGREEMENTS among executive directors of New Lakeside Holdings over how to resolve cashflow problems have driven its chief financial officer (CFO) to tender his resignation. Under his employment contract terms,552 words
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555 2010-04-07 9 Investment profits, capital inflows provide boost Bloomberg [HONG KONG] Global hedge fund assets may return to the pre-financial crisis peak of almost US$2 trillion by year-end, boosted by investment profits and capital inflows, according to a Credit Suisse Group AG surveyBloomberg - 555 words
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Article, Illustration131 2010-04-07 9 HEAVY lift and haulage specialist Tiong Woon Corporation has completed its most massive operation to date involving a huge carbon dioxide removal module for a leading oil producer. The project was undertaken by Tiong Woon Project Contracting for VME Process Asia Pacific. Tiong Woon’s group131 words
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Advertisement213 2010-04-07 5 -f&L O) .i ro <*• **"S S' rwf <3£k. «k <1 > X ,+r. •~-7i O-.i.-v ms First away from the lights. Last to pull into the petrol station *r&m*r. <#r 4$i 5#tCTiSKiS a .-■> The new C-Class with CGI engine technology. S: 3 «■> .J -V ;M m -V'»213 words
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Page 6 Advertisements
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Advertisement237 2010-04-07 6 m HOUSING DEVELOPMENT BOARD HDB SALE OF SITE IAND PARCEL HOUOANG $13 AT TAMPINES ROAD Seamlessly connected to KPE and TPE and a short distance from the Kovan and Hougang MRT Station and bus interchange. Near to shopping, dining and entertainment outlets at Hougang Plaza, Hougang Mall and Heartland Mall.237 words
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Advertisement960 2010-04-07 6 w MATS NOTICES BUY IT-SELL IT-FIND IT MIDAS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****9758W) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of Midas Holdings Limited (the "Company") will be held at Amber Room, Level Two, Sheraton Towers960 words
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Advertisement21 2010-04-07 6 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.21 words
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Advertisement7458 2010-04-07 7 iStti noble group NOBLE GROUP LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2010 Annual General Meeting of Noble Group Limited (the "Company") will be held at 18th Floor, MassMutual Tower, 38 Gloucester Road, Hong Kong on Friday, 30 April7,458 words
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SINGAPORE MARKETS
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Article, Illustration896 2010-04-07 8 CHEW XIANG - Euro falls again as worries about Greek debt crisis come back to life CURRENCIES CHEW XIANG Reporter COMMODITIES and commodity currencies are having an Easter rally as risk aversion receded and investors started pumping money back into markets following buoyant US jobs and manufacturing data896 words
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Article186 2010-04-07 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 5 4 0 0 0 9 5 4 Manufacturing 62 51 83 6 6 14 68 57 97 Commerce 23 17 32 5 3 6 28 20 38 Tpt/Stor/Comms 19 12 13186 words
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BROKERS’ TAKE
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Article, Illustration339 2010-04-07 8 April 6 close: $7.88 DMG Partners Securities, April 6 SGX’s Q3 FY2010 securities market average daily turnover (ADT) was $1.53 billion, up 11 per cent quar-ter-on-quarter, below our expectations. We are lowering our FY2010 ADT forecast to $1.52 billion from $1.59 billion previously, versus nine-months FY2010’s $1.56339 words
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Article, Illustration350 2010-04-07 8 JAMIE LEE - Compiled by JAMIE LEE April 6 close: $1.10 DBS Vickers Securities, April 6 PRODUCTION expansion plans on schedule: Midas’ third production line has commenced trial production while its fourth and fifth lines should also be installed by H2 2010. Meanwhile, two of its fabrication lines are fully up350 words
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Article121 2010-04-07 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 43,149 43,149 72,306 72,306 Manufacturing 316,993 31,274 348,267 215,474 1,465 216,939 Commerce 154,020 9,104 163,124 106,651 2,545 109,196 Tpt/Stor/Comms 108,861 585 109,446 150,460 119 150,578 Finance 19,934 19,934 113,615 113,615 Construction 100,056 32,121 132,177 24,413121 words
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Article, Illustration555 2010-04-07 8 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent THE re-opening of Europe in the afternoon yesterday gave the Singapore market some direction and enabled the Straits Times Index (STI) to finish 7.13 points higher at 2,975.51 after it earlier threatened to sink into negative territory. There were,555 words
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Article111 2010-04-07 8 Stock name Close Change CapMallsAsia 2.280 -0.030 CapitaLand 4.050 -0.010 CapitaMall 1.810 -0.010 CityDev 11.000 +0.020 ComfortDelGro 1.570 +0.010 DBS Grp 14.680 +0.040 F&N 5.020 -0.030 Genting SP 0.915 +0.015 Golden Agri 0.620 +0.010 HK Land 5.140 +0.110 JMH 35.500 +0.300 JSH 20.300 +0.020 Jardine C&C111 words
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Article66 2010-04-07 8 Apr 6 VALUE CLOSE BT OB/OS 651.00 +191.0 BT CADI -*****.00 +40.0 BT 10-day MA -*****.00 +65.00 FTSE ST Mid Cap 713.66 +1.91 FTSE ST Small Cap 581.01 +3.10 FTSE ST All Share 734.83 +1.93 FTSE ST China Top 296.87 +4.64 FTSE ST China 314.14 +4.82 FTSE66 words
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Article56 2010-04-07 8 VOLUME GMG Global 181,374,000 Golden Agri 73,040,000 Genting SP 68,150,000 UniFiber 42,075,000 Ban Joo 37,692,000 Healthway 29,150,000 Jaya Hldgs 27,634,000 Midas 26,947,000 ChinaHuAn 25,755,000 FrasersComm 25,716,000 VALUE($) Genting SP 62,009,440 Noble Grp 49,392,700 Golden Agri 45,207,345 DBS Grp 36,045,020 GMG Global 34,851,870 StraitsAsia 33,021,970 CapitaLand 31,132,960 SGX56 words
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Article111 2010-04-07 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 368.7 2.2 OUE 1240 90.0 7.8 DBXT MSKorea 10US$ 4990 85.2 1.2 DBXT MSTaiwan 10US$ 1647 47.5 2.1 JMH 3550 41.9 0.9 Lyxor Europe 10 US$ 1262 36.3 2.1 DBXT MSEmer 10US$ 389 27.9 5.4 Lyxor EasternEurope1 569 25.1 3.3 Wilmar.ES.1004111 words
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Article124 2010-04-07 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -81.0 -0.5 DBXT S&P Short 10US$ 5043 -64.2 -0.9 DBXT FTVietnam 10US$ 4482 -50.3 -0.8 OCBC Bk 5.1%NCPS 100 ***** -14.0 -0.1 Parkway Hldgs 321 -7.0 -2.1 DBXT MSINDO 10us$ 1208 -7.0 -0.4 Creative Tech 502 -6.0 -1.2 OCBC Bk 886 -6.0124 words
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Article87 2010-04-07 8 Where S$ stands Apr 6 CHNG YR 2010 CLOSE FR Apr 5 S$ LOW S$ HIGH US$ 1.3972 0.06 1.4219 1.3914 Euro 1.8742 0.59 2.0153 1.8742@ Pounds 2.1169 0.64 2.2831 2.0845 A$ 1.2919 -0.37 1.2923 1.2276 Yen* 1.4888 -0.59 1.5927 1.4799 Rupiah* 0.***** -0.08 0.*****# 0.***** Baht* 4.3177 -0.0387 words
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Advertisement94 2010-04-07 9 :?<]|]`(*\]~*^"={$,-;^!/*|'_}/% r PREMIUM VOYAGEUR CABIN WITH 40% MORE SPACE A|R FR ANt-c EUROPE FROM S$2,800 (Inc taxes) Premium Voyageur is Air France's brand new cabin between Business Class and Economy Class, featuring 40% more space and privacy for the traveller. Even more offers at www.airfrance.sg *Fare quoted above is for94 words
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Advertisement8 2010-04-07 9 60,000 Hotels Worldwide Best Rates Instant confirmation www.luxury.com.sg8 words
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Advertisement370 2010-04-07 9 SAY GOODBYE TO YOUR US COMMISSION ■'*4 mm Br m FiH n ■V V Clear, competitive, and fair pricing as low as US$9.99 per trade NEW upgrades of Power E*TRADE Pro in 2010 "Vv NEW web trading interface with enhanced features ""-5 "U'S NEW Options Analytics for active traders US$200370 words
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SINGAPORE NEWS
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Article, Illustration463 2010-04-07 10 TEH SHI NING - Plaintiffs protest defence’s move to submit no case to answer By TEH SHI NING KEY witnesses including Da Vinci Holdings chairman Tony Phua were expected to take the stand to support Da Vinci’s case in court yesterday but did not463 words
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362 2010-04-07 10 NISHA RAMCHANDANI - Highly lucrative market for niche products, services By NISHA RAMCHANDANI TARGETING niche segments in Asia’s ageing-con-sumer market could prove highly lucrative for businesses, suggested industry players at a forum yesterday. “There’s a big market out there,” said William Chong, CEO of Pacific Healthcare Holdings,362 words
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373 2010-04-07 10 CONRAD TAN - By CONRAD TAN CITIGROUP plans to hire 200 staff in Singapore this year, a sign of the bank’s growing confidence in the strength of the economic recovery and in its own financial position. Citi said yesterday it will add 200 new hires373 words
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509 2010-04-07 10 CHEN HUIFEN - Eye-catching eyewear, cutting-edge fishing tackle with A*Star’s help By CHEN HUIFEN NANYANG Optical Co and fishing equipment company Siow Chiang Co are proof that research and development can benefit even non-engi-neering, non-high-tech firms. The two are among the latest batch of 19 SMEs tapping R&D talent from A*Star (the Agency509 words
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284 2010-04-07 10 ARTHUR SIM - By ARTHUR SIM FIGURES from the National Council on Problem Gambling (NCPG) show an increase in the number of people who have applied for self-exclusion from Singapore’s casinos. There have been 567 such applications since the process was made available through NCPG’s web- site284 words
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SINGAPORE ROUND-UP
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92 2010-04-07 10 THE Housing Development Board is launching a 99-year residential site at Tampines Road for sale by public tender today. A developer had committed to pay at least $6.5 million for the site, which has a maximum gross floor area of 40,118 sq ft. The92 words
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64 2010-04-07 10 THE National University of Singapore (NUS) and the University of Cambridge yesterday announced the launch of an NUS-Cambridge Scholarship. Part of the NUS Overseas Graduate Scholarship (OGS) scheme, the scholarship will support one Singaporean scholar each year to pursue PhD studies in Cambridge. OGS is64 words
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61 2010-04-07 10 BROKERS for Standard Chartered’s Financial Markets business will mark World Health Day by donating today’s fees to “Seeing is Believing”, the bank’s global initiative aimed at tackling avoidable blindness. They expect to raise in excess of US$200,000 from broker donations. For each dollar61 words
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Article, Illustration665 2010-04-07 11 KALPANA RASHIWALA - Singapore PR Piegaia Gabriele in top bid of $79,251 per month By KALPANA RASHIWALA NINE parties have submitted bids in a state tender to lease the former Alkaff Mansion, with the majority proposing food beverage use for the landmark property. They have offered to pay665 words
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323 2010-04-07 11 UMA SHANKARI - By UMA SHANKARI AFTER three consecutive quarters of growth, the value of property investment transactions in Q1 2010 fell 8.5 per cent quar-ter-on-quarter to $2.64 billion. The figures, compiled by DTZ Research, also showed that in contrast to last year when323 words
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356 2010-04-07 11 EMILYN YAP - By EMILYN YAP DEVELOPERS have bid aggressively for a 60-year leasehold industrial site at Yishun Avenue 6 (Parcel 1). Seven parties had expressed interest by the time the tender closed yesterday. OKH Management put in a top bid of $27.2 million,356 words
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Advertisement1346 2010-04-07 10 wepco Wepco Limited (Company Registration No.*****0314D) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Seventh Annual General Meeting of Wepco Limited ("the Company") will be held at the registered office, 5 Kwong Min Road, Singapore *****8 on Friday, 23 April 2010 at 10.30 a.m.1,346 words
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Advertisement540 2010-04-07 10 MATS NOTICES CHINA YONGSHENG LIMITED (Company Registration No. *****2032R) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in the circular dated 6 April 2010 issued by China Yongsheng Limited ("Circular"). NOTICE IS HEREBY540 words
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Advertisement303 2010-04-07 11 YOUR CONTINUED PARTNERSHIP MEANS MORE THAN ANY AWARD. THANK YOU TEMPLETON "AsLW GROWTH FUND TFMPI FTON LLOBAL TOTA^J RETURN FUND TEMPLETON GLOBAL BOND FUND .TFMPIFTON TEMPLETON FRANKLIN Three Morningstar Awards. Twelve Lipper Awards. One Formula for Success. At Franklin Templeton, the formula for success rests on something very important: building303 words
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ECONOMY WATCH
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Article, Illustration614 2010-04-07 12 Reports on services sector, home sales hint at recovery of broader economy AP [WASHINGTON] Employers holding out for more evidence that the US economic recovery is finally taking hold got some on Monday: America’s service sector is growing quickly, and contracts forAP; AFP - 614 words
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337 2010-04-07 12 AFP [DHAKA] The number of Bangladeshis heading abroad for work hit a four-year low in the past three months as job opportunities in the Middle East and Asia were hit by the global slump, an official said yesterday. About 100,000 people left toAFP - 337 words
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442 2010-04-07 12 Reuters [WELLINGTON] New Zealand business confidence dipped slightly in the first quarter with firms optimistic but cautious about recovery, a survey showed yesterday, backing views the central bank can afford to hold interest rates at least until the middle of the year.Reuters - 442 words
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Advertisement2488 2010-04-07 12 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg A\ ARMSTRONG INDUSTRIAL CORPORATION LIMITED Company Registration Number: *****3808K (Incorporated in the Republic of Singapore) ARMSTRONG NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2010 Annual General Meeting of Armstrong Industrial Corporation Limited (the "Company") will be held at the2,488 words
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Advertisement1234 2010-04-07 12 China Oilfield China Oilfield Technology Services Group Limited Technoloav (Incorporated in the Cayman Islands) *9 (Registration No. CT-*****5) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Third Annual General Meeting of CHINA OILFIELD TECHNOLOGY SERVICES GROUP LIMITED will be held at Grand Hyatt Hotel, 10 Scotts Road,1,234 words
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BUILDING RESILIENT BUSINESSES
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Article, Illustration1451 2010-04-07 13 MICHELLE QUAH - MICHELLE QUAH looks at the key issues to be addressed in the review of the Code of Corporate Governance MICHELLE QUAH AS part of ongoing efforts to improve the corporate governance regime here, Singapore has set up a new council assigned to review the CodeSTOCKXCHNG - 1,451 words
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Advertisement212 2010-04-07 13 CPA Forum 2010 Building resilient businesses with good corporate governance 4 Strategic partners: The BUSINESS TIMES rm 9 Good corporate governance is fundamental to business sustainability. Gain insights on corporate governance disclosures and practices from the Governance and Transparency Index and hear views from regional institutional investors and shareholder perspectives.212 words
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MALAYSIA
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Article, Illustration572 2010-04-07 14 PAULINE NG - Inaugural fair draws 40,000 visitors, brings in up to RM10m in sales By PAULINE NG in Kuala Lumpur MALAYSIA’S inaugural International Shoe Festival 2010 kicked off to a good start over the weekend, attracting over 40,000 visitors who organisers estimate bought upREUTERS - 572 words
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Advertisement4256 2010-04-07 14 MATS cP NOTICES BUY IT-SELL IT-FIND IT Toll free: 1800-289-8822 Email: notices@sph.com. 0 DUTE ecn Dutech Holdings Limited (Incorporated in the Republic of Singapore) (Company Registration No. *****6359C) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Dutech Holdings Limited ("the Company") will be4,256 words
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GREATER CHINA
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Article, Illustration753 2010-04-07 15 Analysts expect revaluation to come as early as Q2 Reuters [CHICAGO] US companies selling everything from soft drinks to cars to millions of Chinese are seen as potential investments for those weighing the likelihood of a yuan revaluation by Beijing. A decisionReuters; REUTERS - 753 words
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Article496 2010-04-07 15 It denies manipulation of yuan and says exchange rate is not behind US-China trade deficit Reuters [BEIJING] Beijing offered a robust defence of its currency policy yesterday, denying that it manipulates the yuan and rejecting the argument that a stronger exchange rate would erase the USReuters - 496 words
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468 2010-04-07 16 Its total coal production will be boosted to more than 30m tonnes in 2012 Reuters [SINGAPORE] China Resources (CR) Power Holdings will soon finalise coal mine buys in northern Shanxi province and aims to boost self-sufficiency in coal to around aReuters - 468 words
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335 2010-04-07 16 LEE U-WEN - He will be meeting VP Xi Jinping, provincial leaders By LEE U-WEN [SINGAPORE] Senior Minister Goh Chok Tong arrives in Hainan today for a four-day visit to mark the 20th anniversary since diplomatic relations were first established. Mr Goh, who335 words
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Article, Illustration658 2010-04-07 16 AFP [XIANGNING, China] Rescuers were searching yesterday for 33 workers still trapped in a flooded Chinese coal mine, as the joy of seeing over 100 others pulled out alive was tempered by the first news of fatalities. Five bodies were found during overnightAFP; AP - 658 words
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Page 15 Advertisements
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Advertisement517 2010-04-07 15 Citi Private Bank crEi Passion demands a career like no other "Understanding the client's needs and ambitions and helping him achieve that goes beyond a financial partnership, it becomes an enduring relationship." Akbar Shah Region Head Singapore, Malaysia Brunei, Head of Mega Wealth Asia Pacific Citi Private Bank Join The517 words
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Advertisement1610 2010-04-07 16 "=)!?~`|$;%@$*?_!!~?=_;}:<;``_+ KXD DIGITAL ENTERTAINMENT LIMITED NOTICE OF THE SEVENTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of KXD Digital Entertainment Limited (the "Company") will be held at Chartroom, Level 2, Raffles Marina, 10 Tuas West Drive, Singapore *****4 on 23 April 2010 at 10.00 a.m.1,610 words
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Page 17 Advertisements
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Advertisement2696 2010-04-07 17 WAT-3 BUY IT-SELL IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg NTEGRATOR INTERNATIONAL LTD. (Incorporated in Singapore) (Co. Reg. No: *****4281D) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Ntegrator International Ltd. (the "Company") will be held at 4 Leng Kee Road #06-04, SIS2,696 words
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Advertisement95 2010-04-07 17 NOTICE OF RETURN TO CONTRIBUTORIES Name of Company Address of Registered Office Court Number of matter Amount per share First and final or otherwise When payable Where payable Ho Shing Construction Co. (Pte) Ltd (In Liquidation) (Reg. No. *****2280K) 13B North Canal Road Singapore *****6 High Court of the Republic95 words
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Advertisement2725 2010-04-07 17 o oniontech ONIONTECH LIMITED (Company Registration No. *****1873E) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fifth Annual General Meeting of the Company will be held at 5 Shenton Way, #07-00 UIC Building, Singapore *****8 on Thursday, 22 April 2010 at2,725 words
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INDIA
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Article, Illustration894 2010-04-07 18 These aim to boost commercial ties often eclipsed by US trade with China INDIA-US RELATIONS AFP Reuters [NEW DELHI] The United States and India formally launched high-level economic partnership talks yesterday, aimed at boosting commercial ties that are often eclipsed by US trade withAFP; Reuters - 894 words
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453 2010-04-07 19 Company is in talks with a number of players, including GMR Group Bloomberg [SINGAPORE] Temasek Holdings Pte Ltd, the Singapore investment company, is seeking stakes in Indian power producers including GMR Group as they double capacity to meet demand in the world’s second-fastestBloomberg - 453 words
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222 2010-04-07 19 CEO Sunil Godhwani appointed as chairman and MD Bloomberg [NEW DELHI] Religare Enterprises Ltd said chairman Malvinder Mohan Singh and director Shivinder Mohan Singh, the billionaire brothers who control the Indian financial services pro- vider, are stepping down from its board. Chief executive officer SunilBloomberg - 222 words
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Article, Illustration322 2010-04-07 19 AP [BEIJING] China and India need to stop viewing each other as competitors and start working together to influence global issues such as climate change and trade, Indian Foreign Minister S M Krishna said yesterday. Mr Krishna said the neighbouring countriesAP - 322 words
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Page 18 Advertisements
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Advertisement2328 2010-04-07 18 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com. CATS Recruit The first door to your world of opportunities CLA/AUG06/g AA GROUP HOLDINGS LTD. (Company Registration Number: *****2064D) (Incorporated in the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of AA Group Holdings2,328 words
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Page 19 Advertisements
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Advertisement301 2010-04-07 19 WINE DINE AND HOSPITALITY PLATES OF PLEASURE Enjoy delicate portions of the best a la carte treats by our Executive Chef with Sample creations such as Char-Grilled US Angus Beef Mignon, Nut-Crusted Rack of Lamb and Poached Cod Fillet with Chardonnay and Dill Essence, in addition to a delicious selection301 words
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Advertisement69 2010-04-07 19 located at Level 4 v 7S 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 868669 words
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ASIA-PACIFIC/WORLD
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385 2010-04-07 20 Reuters AFP [LONDON] British Prime Minister Gordon Brown yesterday confirmed May 6 as the date for a parliamentary election which could bring down the curtain on 13 years of rule by his centre-left Labour Party. Standing outside his Downing Street residence, with his CabinetReuters; AFP - 385 words
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555 2010-04-07 20 LEE U-WEN - Thai PM won’t use force on protesters; summons warrants out for 10 leaders By LEE U-WEN [SINGAPORE] A grenade exploded in Bangkok outside the ruling Democrat Party headquarters yesterday, injuring two policemen, as thousands of anti-govern-ment demonstrators clashed with security forces in the555 words
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294 2010-04-07 20 Reuters [WASHINGTON] The Obama administration unveiled a new policy yesterday restricting US use of nuclear weapons but sent a stern message to nuclear-defiant Iran and North Korea that they remain potential targets. Kicking off a hectic week for President Barack Obama’s nuclear agenda, his aidesReuters - 294 words
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Article, Illustration475 2010-04-07 22/23 AP [NEW YORK] Placido Domingo is back ready to sing around the world. But first, on Monday, the star tenor opened his new Manhattan restaurant four weeks after colon cancer surgery. “I was lucky to have the pain,” said the 69-year-old Spaniard, who wasAP - 475 words
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257 2010-04-07 22/23 OLIVIA HO - Country is 8th largest Latin American trading partner By OLIVIA HO [SINGAPORE] Singapore and Costa Rica yesterday signed the Singa-pore-Costa Rica Free Trade Agreement (SCRFTA), strengthening bilateral ties between the two countries. The agreement was signed by Costa Rica’s Minister for Foreign Trade, Marco257 words
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576 2010-04-07 22/23 LEE U-WEN - Vietnam meeting this week to discuss withdrawal without slowing growth By LEE U-WEN [SINGAPORE] At the height of the global financial crisis, many South-east Asian countries launched stimulus packages to lessen the damage to their economies. But with the worst already over, finance leaders576 words
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Page 20 Advertisements
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Advertisement1832 2010-04-07 20 QUALITAS QUALITAS MEDICAL GROUP LIMITED (Incorporated in the Republic of Singapore) Company Registration No: *****7959H NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Third Annual General Meeting of the Company will be held at M Hotel Singapore Shenton Room, Level B1, 81 Anson Road, Singapore *****8 on1,832 words
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Advertisement1739 2010-04-07 20 Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES V^MencAST MENCAST HOLDINGS LTD. (Company Registration No. *****2235C) (Incorporated In The Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Mencast Holdings Ltd. (the "Company") will be held at Raffles Country Club, Raffles Lounge, 4501,739 words
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FOCUS: STOPPING THE ROT
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Article, Illustration870 2010-04-07 21 Authorities using unconventional tactics to bring bribers to heel Reuters [WASHINGTON] When 17 employees of a dozen or so small and mid-size companies gathered for a cocktail reception last year at Clyde’s restaurant here in Washington, DC, they toasted what they thought was the imminentReuters; AP - 870 words
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Page 21 Advertisements
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Advertisement2891 2010-04-07 21 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com. a o o KINGBOARD COPPER FOIL HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of KINGBOARD COPPER FOIL HOLDINGS LIMITED will be held at 2/F., Harbour View 1, No.2,891 words
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WORLD
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Article, Illustration992 2010-04-07 22/23 CEO sheds complex businesses, shrinks balance sheet and stabilises finances NYT [NEW YORK] Citigroup is getting smaller, and maybe even better. Just 13 months ago, Citigroup’s chief executive, Vikram Pandit, was facing the unthinkable. After bailouts worth US$45 billion, the federal government had becomeNYT; PHOTO: BLOOMBERG - 992 words
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351 2010-04-07 22/23 Fifth hike in seven months lifts A$ to new high vs euro Reuters [SYDNEY] Australia’s central bank yesterday raised its key cash rate by 25 basis points to a 14-month high of 4.25 per cent and flagged further moves ahead as theReuters - 351 words
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Article, Illustration792 2010-04-07 24 Europe action seen as quarantining Greece’s problems but not fixing it EUROZONE CRISIS Reuters [PARIS] The thing about a safety net is that it all depends where you hang it. Remember those childhood trips to the circus. The net hung low enough forReuters; AP - 792 words
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368 2010-04-07 24 Reuters [SINGAPORE] Greece will launch a multi-billion dollar bond in the United States this month, selling itself for the first time as an emerging market as demand for its debt dwindles in Europe, the Financial Times reported. Greece is seeking US$5-10 billion fromReuters - 368 words
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Article, Illustration262 2010-04-07 25 Reuters [NEW YORK] A New York investment firm sued Annie Leibovitz on Monday, saying the celebrity photographer owes it more than US$800,000 in fees as part of its role in securing a new financing deal to sort out her debts. Brunswick CapitalReuters; AP - 262 words
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365 2010-04-07 25 Inflation drop a sign of broad economic slack: San Francisco Fed economists Reuters [CHICAGO] The drop in US inflation since mid-2008 is not just a narrow reflection of housing market weakness but is rather a sign of broad economic slack, economists at the FederalReuters - 365 words
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Page 22/23 Advertisements
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Advertisement109 2010-04-07 22/23 CjfY\foYV^LMJ^L r m v: J 1 4 i It takes months to handcraft a Bentley. It takes just 3.9 seconds for you to hit iookm/h in the new Continental Supersports. Powered by a potent twin-turbo W12 engine that delivers a top speed of 329km/h in a heartbeat. This awe-inspiring supercar109 words
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Advertisement148 2010-04-07 22/23 Nothing says luxury like a Bentley. And nothing says ultimate luxury like the new Bentley Mulsanne. Completely re-designed from the ground up, the Mulsanne pays homage to Bentley's history and heritage, while making confident strides towards the marque's future. Inside, the Bentley tradition of extreme customisation lives on: 115 exterior148 words
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Page 24 Advertisements
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Advertisement2756 2010-04-07 24 MAT3 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg TECHCOMP (HOLDINGS) LIMITED (Incorporated in Bermuda) Company Registration No. ***** NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Seventh Annual General Meeting of the Company will be held at Meeting Room 207, Level 2, Suntec Singapore International Convention Exhibition Centre2,756 words
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Page 25 Advertisements
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Advertisement450 2010-04-07 25 MATS BUY IT- SELL IT- FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICE OF MEETING OF CREDITORS IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF GARB SG. PTE. LTD. CO. REG. NO. *****2901R Notice is hereby given pursuant to section 296 of the450 words
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Advertisement1032 2010-04-07 25 SAPPHIRE SAPPHIRE CORPORATION LIMITED (Incorporated in the Republic of Singapore) Registration NO.*****2465W NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty Fourth Annual General Meeting of SAPPHIRE CORPORATION LIMITED will be held at 123 Genting Lane, #07-01 Yenom Industrial Building, Singapore *****4 on Thursday, 22 April 20101,032 words
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Advertisement2938 2010-04-07 25 ;;+^,.&@$|&>%?~><@-%!=<\)[?<*?" cfFv?) NOTICE OF ANNUAL GENERAL MEETING 3 L-» PSC CORPORATION LTD PSC Corporation Ltd (INCORPORATED IN THE REPUBLIC OF SINGAPORE) The Consumer Essentials Croup (COMPANY REGISTRATION NO. *****0888M) NOTICE IS HEREBY GIVEN that the Thirty-Sixth Annual General Meeting of PSC Corporation Ltd will be held at 348 Jalan Boon2,938 words
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FOCUS: FILM FUTURES
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Article, Illustration991 2010-04-07 26 US regulators to rule on proposals to let movie fans bet on box office receipts AP [LOS ANGELES] Think you’re better than Hollywood at gauging whether an upcoming flick will be a box office bomb or a sleeper hit? You’d get a chanceAP - 991 words
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Page 26 Advertisements
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Advertisement2304 2010-04-07 26 MATS BUY IT SELL IT FIND 11 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg CHINA YONGSHENG LIMITED (Company Registration No: *****2032R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 35 th Annual General Meeting of the Company will be held at Orchard Hotel 442 Orchard Road Singapore *****92,304 words
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Advertisement511 2010-04-07 26 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF (1) LEADALE PROPERTY (PTE) LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) (Co. Reg. No. *****1880M) (2) LUM CHANG DEVELOPMENT PRIVATE LIMITED (IN MEMBERS' VOLUNTARY LIQUIDATION) (Co. Reg. No. *****1004K) (3) OXFORD GARDENS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION)511 words
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Page 27 Advertisements
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Advertisement1915 2010-04-07 27 HATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com. HUAN HSIN HOLDINGS LTD I I S K t 18. -2" s) (Incorporated in the Republic of Singapore) (Company Registration Number: *****9142R) NOTICE QF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fourteenth Annual General Meeting of Huan Hsin Holdings Ltd will1,915 words
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Advertisement1023 2010-04-07 27 FRENCKEN GROUP LIMITED (Incorporated in the Republic of Singapore) Frencken (Company Registration No.*****5084D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Frencken Group Limited (the "Company") will be held at Meeting Room 307, Level 3, Suntec Singapore International Convention and Exhibition Centre, 11,023 words
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Advertisement396 2010-04-07 27 In the Matter of the Companies Act (Cap. 50) and In the Matter of BC Capital Pte Ltd (Co. Reg. No. *****4641M) (Incorporated in the Republic of Singapore) NOTICE OF CREDITORS' MEETING PURSUANT TO SECTION 296 297 OF THE COMPANIES ACT (CAP. 50) NOTICE IS HEREBY GIVEN that pursuant to396 words
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Advertisement2632 2010-04-07 27 SINO CONSTRUCTION LIMITED Company Registration No: *****3299H (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at M-Hotel Singapore, Anson III, Level 2, 81 Anson Road, Singapore *****8, 23 April 2010, Friday at2,632 words
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Advertisement138 2010-04-07 27 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF GIFTKING PTE LTD (In Members' Voluntary Liquidation) Reg. No. *****0452W NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the abovenamed Company138 words
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Page 28 Advertisements
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Advertisement4432 2010-04-07 28 HATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg CHINA SKY CHEMICAL FIBRE CO., LTD. (Incorporated in the Cayman Islands) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fifth Annual General Meeting of CHINA SKY CHEMICAL FIBRE CO., LTD. will be held at CIMB-GK Investment Centre, 50 Raffles Place,4,432 words
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Advertisement1809 2010-04-07 28 FRENCKEN GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration NO.*****5084D) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Meeting Room 307, Level 3, Suntec Singapore International Convention and Exhibition Centre, 1 Raffles Boulevard, Suntec City,1,809 words
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Transport HUB
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Article, Illustration864 2010-04-07 29 Canberra moving to better protect Great Barrier Reef Reuters [CANBERRA] Australia flagged a review of shipping laws on Tuesday after a coal ship ran aground on the Great Barrier Reef and environmentalists warned that the Asia resource boom was turning theReuters; REUTERS - 864 words
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885 2010-04-07 29 Refinery cutbacks, surplus of vessels cited; drop in rates may not last long Bloomberg [LONDON] The most profitable supertanker market in more than a year is heading for a 35 per cent slump as oil refineries from Japan to the UK shut forBloomberg - 885 words
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735 2010-04-07 29 DAVID HUGHES - Confidence rising but dangers lurk STRAIT TALK By DAVID HUGHES ON THE face of it, last week’s gloomy assessment of the shipping markets based mainly on Maersk Line’s view of the liner business is contradicted by the new survey of confidence levels in the industry. According to the latest survey735 words
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Article152 2010-04-07 29 AFP [FAO, Iraq] An Italian group will begin construction in a month’s time on what will become Iraq’s largest shipping port, the Iraqi Transport Minister Amer Abduljabbar Ismail announced on Monday. The facility at Fao, at the southernmost tip of the country, will be fedAFP - 152 words
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TRANSPORT HUB: AVIATION
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Article, Illustration327 2010-04-07 30 Engine trouble turns London-bound flight back to Bangkok Bloomberg [MELBOURNE] Qantas Airways Ltd, Australia’s largest carrier, has reported its fifth aircraft malfunction since March 30 as an engine power surge forced a London-bound flight to turn back to Bangkok. There wasBloomberg; REUTERS - 327 words
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1037 2010-04-07 30 Savvy travellers having to work harder to earn bumping credits NYT [NEW YORK] Ryan Kingsbury is the rare flier who’s actually looking to be bumped from a flight. “If I see a big weather system, I see big dollar signs,” said MrNYT - 1,037 words
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Article2864 2010-04-07 30 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY470 2220 Adelaide LH9771 1745 9W4082 2230 SQ268 1745 AF8088 2230 BA7382 2230 JL5083 2230 QF82 2230 LH9770 2350 SQ269 2350 Ahmedabad NH6293 0710 SQ531 0710 Amsterdam LO4031 0605 MP96 0840 SQ323 0605 LO4032 23452,864 words
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345 2010-04-07 30 Bloomberg [WASHINGTON] More than half of the US air-traffic controllers who were hired with no experience were assigned to the busiest and most complex facilities including Atlanta’s Hartsfield and Chicago’s O’Hare airports in fiscal 2008, a government inspector found. The Federal Aviation AdministrationBloomberg - 345 words
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Article278 2010-04-07 30 SGX '000 Apr 6 S$ +/-Vol CH Offshore 0.67 unch 187 Chuan Hup Hldgs 0.30 -0.01 237 Cosco Corp 1.35 0.01 9575 CWT Ltd 1.14 0.02 2739 Ezra Hldgs 2.52 0.05 8594 First Ship Lease 0.63 0.01 2004 Freight Links 0.05 unch 1081 Grand Banks unch unch 0278 words
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TRANSPORT HUB: LAND
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Article, Illustration892 2010-04-07 31 It failed to quickly report the sticky pedal problem, says transportation dept AFP AP [WASHINGTON] The United States on Monday said it was seeking a US$16 million fine against Japanese auto giant Toyota for its failure to quickly notify authorities about vehicle safety problems.AFP; AP - 892 words
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373 2010-04-07 31 AP [WASHINGTON] General Motors (GM) says it will install a new brake safety measure that can prevent unintended acceleration on all its new vehicles worldwide by 2012. The announcement on Monday comes as federal regulators consider making the technology mandatory on new carsAP - 373 words
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488 2010-04-07 31 SAMUEL EE - Honda disappears from the list in Q1 while Mazda3 takes fourth slot By SAMUEL EE [SINGAPORE] After the first three months, Singapore’s top model among authorised distributors is still Korean but this time, it’s a Kia, not a Hyundai. More interestingly,488 words
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Page 29 Advertisements
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Advertisement4 2010-04-07 29 www.omy.sg 'vjfF m http://eat.omv.sg4 words
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Page 30 Miscellaneous
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Miscellaneous327 2010-04-07 30 CRYPTIC CROSSWORD Across 1 Frantically fan the heir of a German physicist (10) 6 The ‘flower’ of my eye (4) 9 Chemical firm’s no good in the cake-topping business (5) 10 Discard policeman with sound descendants (9) 12 or an exceptional constable (7) 13 Nuclear reaction after ruthenium is extracted,327 words
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Page 31 Advertisements
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Advertisement1995 2010-04-07 31 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg GMG GMG GLOBAL LTD (Incorporated in the Republic of Singapore) Company Registration No. *****4244E NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of GMG GLOBAL LTD (the "Company") will be held at Mandarin Oriental, Singapore (formerly The1,995 words
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EDITORIAL & OPINION
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464 2010-04-07 32 EDITORIAL MANUFACTURING numbers released by the Singapore Economic Development Board (EDB) for the first two months of this year and for December of last year point to a steady recovery. February’s numbers show manufacturing output grew by 19.1 per cent, year-on-year. In January, the increase464 words
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Article, Illustration773 2010-04-07 32 FRANK CHING - THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator “CITIZENS of the People’s Republic of China have the right to criticise and make suggestions to any state organ or functionary,” says Article 41 of the773 words
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Article, Illustration922 2010-04-07 32 SUVIR VARMA,JOHN SEQUEIRA - Beware missed targets, loss of key people, and poor performance in the core business By SUVIR VARMA ,JOHN SEQUEIRA The writers are Bain Company’s head of private equity practice in Asia and head of mergers and acquisitions practice in Asia respectively AS THE economyYEN MENG JIIN - 922 words
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Article, Illustration1139 2010-04-07 33 S FRED SINGER - ‘Climategate’ suggests a conspiracy to commit fraud by a small gang of influential UN panel scientists By S FRED SINGER The writer an atmospheric physicist, professor emeritus at the University of Virginia and former director of the US Weather Satellite Service isAFP - 1,139 words
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Article, Illustration829 2010-04-07 33 MATTHEW LYNN - MATTHEW LYNN The writer is a Bloomberg News columnist. The opinions expressed are his own Bloomberg THE posters are up. The manifestos are written. And the candidates are chosen. British Prime Minister Gordon Brown may call an election as soon as today,Bloomberg - 829 words
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683 2010-04-07 33 Bobby Jagaraman - LETTER TO THE EDITOR Bobby Jagaraman I REFER to the commentary “Public private=property prices” (BT, April 3-4). I would like to make two points on the writer’s view that if private property prices go up, public flat prices will have to follow and hence intervention683 words
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Page 33 Advertisements
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Advertisement63 2010-04-07 33 "Some.,, necessities H luxuries:' 35 IIIVICJ For a limited period only, new home subscribers to The Business Times for a year will enjoy the opulence of having your bottle of champagne coupled with a pair of champagne flutes delivered to your doorstep! Act now to gain your unfair advantage!* Call63 words
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SINGAPORE STOCKS
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Article9029 2010-04-07 34 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 17 unch 989 17.5 17 17 17.5 1.7 10.6 5.5 81.4 10 3 5834 A-Sonic 7.5 +0.5 409,029 words
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Article1736 2010-04-07 35 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 30.6 5.3 25 12 8538 t APStrategic 15.5 13 15 91.5 4 11,736 words
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Article9218 2010-04-07 35 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.26/ APS Alpha Fund (USD)!** 0.9/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.71/ Aberdeen Asset Mgt Asia Limited American Opp 0.6703/ Asian Credit Fund 1.2314/ Asian9,218 words
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Article609 2010-04-07 35 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 $mil 112 107 6389 ABF SG Bond ETF 112 +3.4 1 112 112 108.2 112 511.3 872 499 CIMBAsean40 100US$ US869xd +5 40 869 869609 words
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Article259 2010-04-07 35 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 $mil 56 26 6000 AVJennings A47.5 46 48 3.6 7.4 3.8 123.7 31 8 6017 Genting HK US$ US22 unch 3302 22 21.5 21.5 22259 words
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FINANCE & COMMODITIES
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365 2010-04-07 36 In local curr In S$ In US$ dy yr dy yr dy yr Apr 5 Index Change Change Change Change Change Change World Index Preliminary 879.0 0.4 5.6 0.3 3.6 0.3 4.1 EAFE Preliminary 823.8 0.1 5.0 -0.2 0.8 -0.1 1.4 Europe Preliminary 1171.9 0.0365 words
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Article163 2010-04-07 36 Apr 6 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) May 10 365.0 Jun 10 362.0 362.0 362.0 40 Jul 10 352.0 Aug 10 342.0 Sep 10 342.0 Oct 10 338.0 TSR 20 (US cents/kg) Volume O/I Month High163 words
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Article132 2010-04-07 36 Apr 6 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2730 1.3110 Can dollar 1.3860 1.4010 Euro 1.8710 1.8920 NZ dollar 0.9760 0.9960 Sterling pound 2.1220 2.1460 US dollar 1.3890 1.4050 Local dollars to 100 units of foreign132 words
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Article177 2010-04-07 36 Apr 6 $S Offer Bid Overnight 1/16 PAR 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 0.15 US$ Offer Bid 7 days 0.28 0.22 1 month 0.35 0.25 2 months 0.36 0.26 3 months 0.37 0.27 6 months 0.52 0.42 9 months 0.80 0.60 12177 words
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Article90 2010-04-07 36 Apr 6 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 08.07.2010 0.35 0.3 0.3 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 103.92 104 103.93 5-Year N*****0N 1.375 01.10.2014 100.4190 words
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2499 2010-04-07 36 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 49 4085 ASJ Hldgs W*****1 3.5 unch 175 1 4 2.14 22 2036 Advance SCT Ltd W*****9 0.5 1 87 20882,499 words
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Article66 2010-04-07 36 Apr 6 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 10 2574 2565 2576 2541 681 3088 May 10 2539 2530 2546 2510 2537 ***** Jun 10 2528 2520 2536 2498 ***** ***** Jul 10 2520 251266 words
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Article23 2010-04-07 36 Apr 6 S$ S$ Bid Offer 1-month 1.3967 1.3972 2-months 1.3969 1.3974 3-months 1.3971 1.3976 6-months 1.3977 1.3982 Source: OCBC23 words
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Article29 2010-04-07 36 Apr 6 Open High Sett STI Apr 2962 2962 2959 SIMSCI Apr 350.5 352.8 350.0 Taiwan Apr 288.5 290.6 289.0 Source: MF Global (S) Pte. Ltd29 words
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Article85 2010-04-07 36 Apr 6 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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6639 2010-04-07 38 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.6,639 words
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Article362 2010-04-07 36 Apr 6 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.6300 0 3651 Sep10 99.4150 0 2360 Dec10 99.0850 0 1296 Mar11 98.6900 0 3460 EUROYEN TIBOR FUTURES Jun10 99.6100 99.6150 99.6100 99.6150 3 5075 Sep10 99.6300 99.6300 99.6300 99.6350 100 4389 Dec10 99.6400 0 1480362 words
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Article466 2010-04-07 36 Apr 6 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.925 6.310 0.689 7.179 41.096 83.621 0.867 10.384 2.970 1.317 77.298 41.522 1.291 6.718 0.987 29.274 29.911 0.608 0.924 Canada 1.081 6.822466 words
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Article136 2010-04-07 36 Apr 6 GOLD (US$/oz) Apr 06 Apr 05 Hong Kong closed closed Apr 05 Apr 02 London closed closed closed Source: Thomson Reuters CAST BAR Apr 06 (S$) Selling Buying Kilobar "54,244.72" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 121.98 51 5gm 344.54 253 10gm 616.32 506136 words
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Article154 2010-04-07 36 Apr 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2906 1.2918 0.9242 0.9247 Canadian dollar 1.3952 1.3966 0.9991 0.9997 Euro 1.8734 1.8742 1.3415 1.3416 NZ dollar 0.9799 0.9810 0.7017 0.7022 Sterling pound 2.1217 2.1227 1.5193 1.5195154 words
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Article71 2010-04-07 36 Apr 1 Apr 1 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2322.65 2293.50 3 months 2352.00 2323.00 Copper, Grade A (US$/tonne) Cash 7855.00 7759.25 3 months 7885.00 7790.00 Lead (US$/tonne) Cash 2182.25 2119.25 3 months 2210.00 2147.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article105 2010-04-07 36 Apr 5 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 10 936.00 942.00 946.00 932.75 Jul 10 945.25 951.25 955.25 942.00 Aug 10 941.50 946.25 949.75 938.50 Sep 10 928.25 932.75 935.00 923.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 10 39.35 39.98 39.49105 words
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Article77 2010-04-07 36 Apr 1 COCOA (£/tonne) Close Prev High/Low May 10 2251 2255 2273/2242 Jul 10 2266 2273 2289/2260 Sep 10 2226 2229 2247/2226 Dec 10 2186 2189 2204/2185 COFFEE (US$/tonne) Close Pev High/Low May 10 1356 1356 1372/1353 Jul 10 1389 1388 1405/1387 Sep 10 1424 1388 1439/1422 SUGAR (US77 words
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Article77 2010-04-07 36 CRUDE OIL PRODUCTS Apr 5 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 83.66 unch WTI (Near Mth) 85.07 unch Dubai (1-Mth F) 81.51 unch Tapis blend 86.25 unch Minas 85.05 unch PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 80.55 1.15 Jet Kerosene 91.83 1.18 US$/barrel Opec Oil77 words
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Advertisement2588 2010-04-07 37 MATS NOTICES DYNAMIC COLOURS LIMITED Company Registration Number *****4233Z (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Dynamic Colours Limited (the "Company") will be held at Jade Suite, Social Clubhouse at level 3, Orchid Country Club, 12,588 words
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Advertisement256 2010-04-07 37 SING INVESTMENTS FINANCE LIMITED (Incorporated in the Republic of Singapore) (Company Registration No: *****0348D) NOTICE OF EXTRAORDINARY GENERAL MEETING TO ALL SHAREHOLDERS NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Sing Investments Finance Limited will be held at 2 Shenton Way, 2nd Floor Auditorium SGX Centre 1, Singapore256 words
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Advertisement2583 2010-04-07 37 SI NO TECHFIBRE SINO TECHFIBRE LIMITED (Incorporated in Bermuda) (Company Registration No. *****) NOTICE OF THE FOURTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Fourth Annual General Meeting of the Company will be held at Carlton Hotel Singapore Esplanade Room 2, Level 4, 76 Bras Basah Road, Singapore2,583 words
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Advertisement0 2010-04-07 38 ](&'^{*-?"(;}\:,{|}^<(|*!@/"+;&0 words
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Advertisement34 2010-04-07 39 P THE BUSINESS TIIN/IES HIPPING TIMES Legal required by shippers owners Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES34 words
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Advertisement355 2010-04-07 40 MATS NOTICES JURONG CEMENT LIMITED Company Registration No. *****0737Z (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING Notice is hereby given that the Thirty-Seventh Annual General Meeting of the Company will be held on Friday, 23 April 2010 at 1.30 p.m. at Jurong Country Club, Ficus 3,355 words
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executive Money
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604 2010-04-07 40 Reuters [LONDON] Opportunistic funds are rapidly losing their status as kingpins of the distressed real estate market, likely hurting their fundraising abilities in the next market cycle, as banks get savvy with problem property debts. While managers such as Blackstone and OrionReuters - 604 words
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Article, Illustration1308 2010-04-07 40 CHRISTIAN NOLTING - We focus on factors driving currency movements and prospects for the major units MONEY MATTERS CHRISTIAN NOLTING The writer is Lead Strategist, Asia Pacific Regional Head of Portfolio Management, Deutsche Bank Private Wealth Management THE foreign exchange (FX) markets have been regarded by investors asSource: Bloomberg, Deutsche Bank - 1,308 words
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Article, Illustration736 2010-04-07 41 The fund is eyeing Asia and high-yield debt for growth potential Reuters [TORONTO] AWARD-WINNING bond fund manager Dan Janis favours corporate debt over government issues and sees room for growth in his portfolio’s “Asian bucket”, betting the worst of the global financial crisis is past. TheReuters; BLOOMBERG, REUTERS - 736 words
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Article, Illustration791 2010-04-07 42 Brazil’s real and Aussie are hot They are among the currencies, including the yuan and the Canadian dollar, which Pimco expects to offer attractive returns Bloomberg PACIFIC Investment Management Co, which runs the world’s biggest mutual fund, favours currencies in China, Brazil, Canada and Australia on expectations they offer attractiveBloomberg; AFP, BLOOMBERG - 791 words
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Advertisement303 2010-04-07 41 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 yourself303 words
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Advertisement1921 2010-04-07 41 MATS NOTICES TAT SENG PACKAGING GROUP LTD (Company Registration No.: *****2806M) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Tat Seng Packaging Group Ltd (the "Company") will be held at 348 Jalan Boon Lay, Singapore *****9 on1,921 words
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Advertisement230 2010-04-07 42 *v. r SAXO CAPITAL MARKETS They say that Sterling is doomed with cable set to fall below A TRADER'S BEST CALL What's your position? When you need to seize market opportunities in GBP crosses, use SaxoWebTrader. Along with over 150 FX crosses and FX options, a range of asset classes230 words
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Advertisement9 2010-04-07 42 MONEY MATTERS Diversifying into the forex market PAGE 409 words
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