The Business Times, 14 April 2010

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Microfilm: NL30641
Total Pages: 50
1 50 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfJl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Wednesday, April 14,2010
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  • Article
    Lock icon Govt investigating pay-TV policy 'leak'
    473 1  -  Were wide-ranging changes already known before they were made public? By WINSTON CHAI THE government is looking into whether there was a possible information leak about the major changes to the pay-TV landscape before they were announced last month. The Media Development Authority (MDA) ruled
    473 words
  • Article
    Lock icon MARKETS DIGEST
    140 1 ST INDEX 2,971.60 (-5.57) ST INDEX FUTURES 2,954.00 (-6.00) SIMSCI 352.66 (-1.34) SIMSCI FUTURES 350.00 (-1.60) FOREX US$ S$ US$ (S$ per US$) 1.393 (US$/S$ per 1.535 2.139 EURO (US$/S$/E) 1.359 1.894 Foreign currency per US$ S$ YEN 93.20 66.90 RM 3.225 2.315 HK$ 7.760 5.570 BAHT 32.34
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  • Article
    Lock icon Accountancy seeks higher new balance
    802 1  -  Sector moves closer to big shake-up to double its GDP contribution and raise services to region By MICHELLE QUAH [SINGAPORE] Singapore’s accountancy sector has moved a step closer to its biggest shake-up to date, as the government now mulls over 10 proposals to change the
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      134 1 EXEC MONEY Scepticism over asset market rallies MOBILE PHONES Microsoft launches phones for the young PAGE 28 PAGE 50 TRANSPORT HUB Singapore Maritime Week’s winning formula PAGE 33 BANGKOK Baht takes drubbing from political unrest PAGE 24 Bungalow market stirs What's the latest buzz in the Good Class Bungalow market,
      134 words
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      225 1 "Excellence is following the unwritten rules handed down to us by our forefathers." Eduardo Fagliano, maker of polo boots, Hurlingham, Argentina Polo boots are always brown, never black, out of respect for the other players. The reason is that the polish you use to clean black boots leaves marks on
      225 words
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  • TOP STORIES
    • Article
      Lock icon SGX pins up blacklist of errant former directors
      854 2  -  The 10 should not be hired as directors of listed firms without SGX permission By JAMIE LEE [SINGAPORE] In a rare name-and-shame move, the Singapore Exchange (SGX) has published a blacklist of 10 former company directors who have breached listing rules. The
      854 words
    • Article
      Lock icon No pistols at dawn in yuan stand-off: economists
      519 2  -  US, China posturing for domestic political consumption only By JOYCE HOOI [SINGAPORE] Even as the yuan stand-off between the United States and China continued in Washington on Monday, economists here are certain that both countries’ weapons will stay in their holsters. On
      519 words
    • Article, Illustration
      Lock icon Singapore to attend Iran disarmament conference
      623 2  -  By in CHEW XIANG SINGAPORE will be sending a representative to an international disarmament conference to be held in Iran next week, Prime Minister Lee Hsien Loong said here yesterday. Mr Lee was speaking at a two-day Nuclear Security Summit hosted by US President
      AP  -  623 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Accountancy seeks higher new balance
        66 2 SINGAPORE’S accountancy sector has moved a step closer to its biggest shake-up to date, as the government now mulls over 10 proposals to change the way accountants train and practise. Such a massive overhaul is the first of its kind in the world as the
        66 words
      • Article
        Lock icon Govt investigating pay-TV policy ‘leak’
        56 2 THE government is looking into whether there was a possible information leak about the major changes to the pay-TV landscape before they were announced last month. The Media Development Authority ruled on March 12 that operators would have to share any new content that they
        56 words
      • Article
        Lock icon SGX pins up blacklist of errant directors
        49 2 IN a rare name-and-shame move, the Singapore Exchange has published a black list of 10 former company directors who have breached listing rules. The 10 should not be hired as directors of current listed companies without SGX permission. TOP STORIES, PAGE 2
        49 words
      • Article
        Lock icon Construction costs could rise faster: DLS
        66 2 CONSTRUCTION costs could rise more this year than the 3-5 per cent forecast because of a combination of new factors, says quantity surveyor Davis Langdon Seah. DLS says factors like the increase in the foreign workers’ levy and reduction in man-year entitlement, announced in
        66 words
      • Article
        Lock icon Over $500m of Good Class Bungalows sold in Q1: CBRE
        61 2 AT least $500 million worth of Good Class Bungalows have changed hands in the first three months of this year, according to CB Richard Ellis. The property consultancy’s analysis of URA Realis caveats shows that 29 deals were sealed in
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      • Article
        Lock icon SPH profit for Q2 up 30.2% at $113.3m
        62 2 SINGAPORE Press Holdings has posted a 30.2 per cent increase in second-quarter net profit, as print ad revenue rebounded and property performed strongly. Net profit for the three months ended Feb 28, 2010, was $113.3 million up from $87 million a year
        62 words
      • Article
        Lock icon China slaps duties on US and Russia steel product
        45 2 CHINA yesterday said it has imposed duties on a common electrical steel made in the United States and Russia, in apparent retaliation for Washington’s recent decision to slap tariffs on Chinese pipes. GREATER CHINA, PAGE 16
        45 words
    • Article
      Lock icon Construction costs could rise faster: DLS
      488 3  -  Rise in foreign workers’ levy, commodity prices among factors that may raise costs By ARTHUR SIM [SINGAPORE] Construction costs could rise this year more than the 3-5 per cent forecast because of a combination of new factors, says quantity surveyor Davis Langdon Seah (DLS).
      488 words
    • Article
      Lock icon Over $500m of Good Class Bungalows sold in Q1: CBRE
      1030 3  -  Its analysis of URA Realis caveats shows that 29 deals are sealed By KALPANA RASHIWALA [SINGAPORE] At least $500 million worth of Good Class Bungalows (GCBs) have changed hands in the first three months of this year, according to CB
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  • Page 2 Advertisements
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      264 2 4 m Pll 11 [J 1 1 11 i J el the playing fiel d evel your organization with Michigan's co-created LEADING IN THOUGHT AND ACTION Excellence Across the Board Ross is now the only business school worldwide in the Top 10 of BusinessWeek's rankings for Executive Education, EMBA, MBA
      264 words
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  • Page 3 Advertisements
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      190 3 Der Neue Ope A new name. A new car. A new era. Wir leben Autos. d TA 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 at 5300rpm, and 350Nm of torque between
      190 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SPH profit for Q2 up 30.2% at $113.3m
      384 4  -  H1 earnings soar 61.2% to $258m on operating revenue of $672.7m By TEH SHI NING SINGAPORE Press Holdings has posted a 30.2 per cent increase in second-quarter net profit, as print ad revenue rebounded and property performed strongly. Net profit for the
      384 words
    • Article, Illustration
      Lock icon Market revamps – Australia shows the way
      664 4  - Market revamps Australia shows the way HOCK LOCK SIEW By R SIVANITHY IN AUSTRALIA, they take stockmarket competition very seriously and the authorities are pulling out all the stops to ensure investors reap all possible benefits both on the cost and regulatory fronts. Last week the federal government Down Under
      BLOOMBERG  -  664 words
    • Article
      Lock icon DBS to beef up staff strength in China by 20%
      424 5  -  Its priority banking business there to be ramped up as China competition hots up By SIOW LI SEN DBS Group Holdings will be hiring 20 per cent more people for its business in China which currently employs 1,000 staff. “Amid
      424 words
    • Article
      Lock icon China JV partner acted unlawfully: M&C NZ
      498 5  -  By LYNETTE KHOO THE trouble that Millennium Copthorne New Zealand, a subsidiary of City Developments Ltd (CDL), has with a Chinese joint-venture (JV) partner has taken an ugly turn. Properties are said to have been sold by the partner unlawfully. CDL shares ended
      498 words
    • Article, Illustration
      Lock icon SPH invests $45m to upgrade printing assets
      450 7 Project will raise company’s productivity and better meet advertisers’ demands SINGAPORE Press Holdings (SPH) is investing $45 million to rejuvenate its printing assets, a move which will raise the company’s productivity significantly and better meet advertisers’ demands. SPH chairman Tony Tan, who launched
      THE STRAITS TIMES  -  450 words
    • Article, Illustration
      Lock icon Tiger Air may have wiped out red ink
      420 9  -  Budget carrier reports record 4.9m passengers, 85% of seats filled in FY10 By VEN SREENIVASAN Recently listed Tiger Airways appears to have clawed its way back into the black for its financial year ended March 31 (FY2010), judging by the operating numbers
      AFP  -  420 words
    • Article
      Lock icon Macarthur shares dip amid bid doubts
      296 9 Reuters [MELBOURNE/PERTH] Shares of takeover target Macarthur Coal dipped as much as 5 per cent yesterday, with no sign of a sweetened bid from two spurned suitors or an offer from coal giant Xstrata. Macarthur is at the centre of a takeover battle between
      Reuters  -  296 words
    • COMPANY BRIEFS
      • Article
        Lock icon Wee Hur subsidiary settles suit
        109 9 WEE HUR Holdings said subsidiary Wee Hur Construction has settled the suit brought against the company by the owners of 15 Fernhill Crescent. In September last year, Wee Hur said Cheong Par Kim David and Leong Choy Wai, the owners of 15 Fernhill Crescent Singapore,
        109 words
      • Article
        Lock icon Jiutian auditor flags accounts
        133 9 JIUTIAN Chemical Group’s independent auditor Deloitte Touche (D&T) has included an “emphasis of matter” in their report on the group’s financial statements for the year ended Dec 31, 2009. D&T pointed out that Jiutian incurred a loss of 98.4 million yuan for the year and that
        133 words
    • Article
      Lock icon Stats ChipPAC upgrades eWLB packaging technology
      247 9  -  By ONG BOON KIAT CHIPS packaging and testing firm Stats ChipPAC has implemented a landmark upgrade to its packaging technology that is set to boost its capabilities. It has become the first in the semiconductor industry to introduce the 300 millimetre (mm) embedded Wa-fer-Level
      247 words
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      2849 4 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg CHINA PRINT POWER GROUP LIMITED (Incorporated in Bermuda) (Company Registration Number *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of China Print Power Group Ltd (the "Company") will be held at The Singapore Recreation Club, B
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      Lock icon Page 4 Advertisements Column 2
      348 4 HOUSING DEVELOPMENT BOARD LAND FOR SALE LAND PARCEL SENGKANG E3 AND SEMBAWANG SI a On behalf of the Government of the Republic of Singapore, the Housing Development Board is pleased to invite tenders for the sale of land parcels at Sengkang East Avenue/Buangkok Drive and Sembawang Road/Canberra Drive on a
      348 words
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  • Page 5 Advertisements
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      637 5 SAY GOODBYE TO YOUR US COMMISSION m js wmM ,T Clear, competitive, and fair pricing as low as US$9.99 per trade NEW upgrades of Power E*TRADE Pro in 2010 NEW web trading interface with enhanced features NEW Options Analytics for active traders US$200 Commission Rebate (basic commission option contract fee
      637 words
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      21 5 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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      915 6 SINGAPORE PRESS HOLDINGS LIMITED Incorporated in Singapore. Co. Reg. No. *****2868E Unaudited Results for the Period ended February 28, 2010 (Extract) ENGAGING MINDS ENRICHING LIVES Informing With INTEGRITY. Entertaining With PAS SI sN Mr x stra£T§ '•'.v.: \RT Surfing With FREEDOM Connecting iilii With ■EASE GROUP FINANCIAL HIGHLIGHTS This represents
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  • Page 7 Advertisements
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      75 7 With the launch of our upgrading exercise, SPH Print Centre will take print technology to new levels of excellence. r p rint c e ntre m m •k 5®i f'" m m is I V.V. y.M f js r Sv iP saulllll L. Ci <4 1 LI n 1 <u
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI edges lower, broad market weak
      613 8  -  Index ends with 5.57-point loss; HK reversal from gain to loss, and soft Europe opening weigh on sentiment STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index enjoyed a fair amount of support yesterday that limited its loss to 5.57 points at 2,971.6 but
      Source: Bloomberg  -  613 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 8 Apr 13 VALUE CLOSE BT OB/OS 567.00-205.00 BT CADI -*****.00 -86.00 BT 10-day MA -*****.00 +57.00 FTSE ST Mid Cap 727.08 -1.45 FTSE ST Small Cap 598.36 -3.21 FTSE ST All Share 737.58 -1.56 FTSE ST China Top 307.31 +2.17 FTSE ST China 319.07 +1.64 FTSE ST
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 10 3 0 0 0 5 10 3 Manufacturing 57 71 68 4 6 19 61 77 87 Commerce 21 22 28 0 3 6 21 25 34 Tpt/Stor/Comms 12 23 8
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    • BROKERS’ TAKE
      • Article
        Lock icon Singapore Exchange
        314 8 Singapore Exchange April 13 close: $7.93 DBS GROUP RESEARCH, April 13 OFF peaks: Trading velocity on the SGX has dwindled year-to-date (YTD) from a high of 70-80 per cent to 62 per cent. Average daily turnover volume and value have also fallen from peaks of 2.4 billion and
        314 words
      • Article
        Lock icon CWT Limited
        179 8 April 13 close: $1.04 CIMB-GK RESEARCH, April 13 INITIATING coverage with “underperform” rating and target price of $1, pegged at 14x CY2011 core PE, in line with its four-year historical forward PE average. CWT is the largest listed logistics service company in South-east Asia and enjoys market leadership
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      • Article
        Lock icon Thomson Medical
        487 8  -  Compiled by LYNETTE KHOO April 13 close: $0.69 DMG PARTNERS SECURITIES, April 13 THOMSON Medical’s Q2 FY2010 earnings rose 14.6 per cent y-o-y to $3.5 million, as revenue grew 21 per cent y-o-y to $18.9 million. This was achieved on the back of 8.3 per cent higher baby
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,427 23,427 71,039 71,039 Manufacturing 620,617 196,304 816,921 349,537 3,894 353,430 Commerce 161,376 9,573 170,949 155,855 2,658 158,513 Tpt/Stor/Comms 158,281 1,335 159,616 262,637 215 262,852 Finance 40,212 40,212 140,113 140,113 Construction 72,396 22,316 94,712 15,945
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 8 Stock name Close Change CapMallsAsia 2.290 CapitaLand 4.100 +0.010 CapitaMall 1.820 +0.010 CityDev 11.220 -0.260 ComfortDelGro 1.570 +0.010 DBS Grp 14.820 -0.120 F&N 4.810 -0.040 Genting SP 0.905 +0.010 Golden Agri 0.605 -0.010 HK Land 5.080 +0.020 JMH 36.000 +0.900 JSH 21.380 +0.480 Jardine C&C 29.860
      111 words
    • Article, Illustration
      Lock icon Euro rises after Greek T-bill auction results
      581 8 CURRENCIES Reuters [NEW YORK] The euro rose in the New York session yesterday after earlier falling to a session low versus the US dollar after results from a Greek Treasury bill auction showed that the market still required a high premium to hold
      Reuters; BLOOMBERG  -  581 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 8 VOLUME Lereno 108,073,000 ChinaAniH 91,822,000 Yangzijiang 66,234,000 Cosco Corp 56,991,000 Genting SP 53,265,000 Cache 38,952,000 Midas 37,260,000 CarrierNet 35,152,000 Tritech W*****8 32,426,000 Golden Agri 31,850,000 VALUE($) Cosco Corp 96,155,190 Yangzijiang 88,919,520 Hyflux 55,823,110 Genting SP 48,164,985 SingTel 47,992,590 DBS Grp 46,182,520 CapitaLand 45,533,990 Keppel Corp 45,122,118 UOB
      55 words
    • Article
      Lock icon RISES
      104 8 BY CENTS CLOSE UP JMH 3600 125.3 2.6 JSH 2138 66.8 2.3 Lyxor Europe 10 US$ 1280 48.7 2.8 Jardine C&C 2986 38.0 1.3 Great Eastern 1556 32.0 2.1 OUE 1626 28.0 1.8 Isetan 375 20.0 5.6 DBXT FTChina25 10US$ 3161 16.7 0.4 DBXT S&P Short 10US$ 4990 16.7
      104 words
    • Article
      Lock icon FALLS
      124 8 BY CENTS CLOSE DOWN GLD 10US$ *****-183.8 -1.2 Lyxor China H 10US$ 1662 -73.8 -3.1 DBXT Nifty 10US$ ***** -61.3 -0.4 OCBC Bk 5.1%NCPS 100 ***** -50.0 -0.5 DBXT FTVietnam 10US$ 4514 -44.6 -0.7 DBXT MSEurope 10US$ 4375 -39.0 -0.6 CityDev 1122 -26.0 -2.3 DBXT DJE50 10US$ 4282 -23.7
      124 words
    • Article
      Lock icon CURRENCIES
      87 8 Where S$ stands Apr 13 CHNG YR 2010 CLOSE FR Apr 12 S$ LOW S$ HIGH US$ 1.3929 -0.17 1.4219 1.3906 Euro 1.8931 0.09 2.0153 1.8560 Pounds 2.1444 0.22 2.2831 2.0845 A$ 1.2886 0.33 1.2960 1.2276 Yen* 1.4981 -0.60 1.5927 1.4799 Rupiah* 0.***** -0.12 0.***** 0.***** Baht* 4.3051 -0.09
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      3413 9 ECS ti m u m ECS HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****4760R NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twelfth Annual General Meeting of the Company will be held at 19 Kallang Avenue #07-153 Singapore *****0 on Friday, 30 April
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  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      27 9 JACKPOT 1,500,000 TOMORROW [P L A Y(i) Always play with care. Towards Community [responsibiyj Do not bet illegally. Purpose and Benefit RCB Reg No: *****0202G SINGAPORE EJ
      27 words
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  • SINGAPORE NEWS
    • Article
      Lock icon WDA targeting managers as training priority
      483 10  -  Executive seminars on productivity concepts will be run By CHUANG PECK MING THE Workforce Development Agency (WDA) is gearing up to back the push for higher productivity growth this year starting at the top with the managers. Unveiling its training priorities for 2010, WDA
      483 words
    • Article
      Lock icon Thakral, Stamford still big in Australia
      345 10  -  They remain among the top 10 hotel owners there PROPERTY By NISHA RAMCHANDANI LOCAL companies Thakral Holdings and Stamford Land Corporation remained among the top 10 hotel owners in Australia last year, as the economic downturn forced some other major players to pare their
      345 words
    • Article, Illustration
      Lock icon Two residential sites up for sale
      546 10  -  By UMA SHANKARI THE government has launched two more suburban residential sites one for private housing and the other for executive condominium (EC) units for sale by tender. And sales agent Housing Development Board said that a further two parcels will be put up
      546 words
    • Article, Illustration
      Lock icon 65% of Marina Bay Link Mall phase 1 taken up
      324 10  -  By KAREN NG SIXTY-FIVE per cent of the space in phase one of Marina Bay Link Mall has been taken up and the mall will open for business in the fourth quarter of this year. The 5,202 sq m mall
      CAROLINE CHIA  -  324 words
    • Article
      Lock icon Soilbuild submits top bid for Yishun site
      239 10 SOILBUILD Group Holdings submitted the highest bid for an industrial site at Yishun Avenue 6 in a government tender, the Urban Redevelopment Authority (URA) said yesterday. There were five bids for the 1.43 hectare plot, which was offered for sale on a 60-year
      239 words
    • Article
      Lock icon S’pore oil trading hub draws Gulf producers
      374 10  -  By RONNIE LIM MORE Gulf producers are entering Singapore’s oil trading hub to tap booming Asian markets, with the latest being Oman Oil Company, which intends to market its aromatics and methanol feedstock to the region’s fast-growing petrochemicals industry. It is doing this
      374 words
    • Article
      Lock icon Applied Materials opens US$60m centre in Changi
      488 12  -  Semicon equipment manufacturing plant will produce 50% of its global supply By AMIT ROY CHOUDHURY IN a major boost to Singapore’s electronics cluster, Applied Materials yesterday opened its US$60 million Singapore Operations Centre at Changi North Industrial Park. Applied is the leading supplier
      488 words
    • Article
      Lock icon Medical tech firm expands operations
      303 12  -  Hill-Rom opens new R&D facilities, will hire more staff By ABIGAIL KOR MEDICAL technology company Hill-Rom has expanded its Asia-Pacific Innovation Center in Singapore to 16,000 square feet from 11,000 sq ft. The expansion involves the opening of two new research and development facilities at
      303 words
  • Page 10 Advertisements
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      100 10 V rBOATasia LIFE CAN BE PERFECT I 15 18 APRIL 2010 I MARINA AT KEPPEL BAY I WWW.BOAT-ASIA.COM Parking may be found at the following locations: Habourfront Centre Keppel Bay Tower Reflections at Keppel Bay Show Gallery carpark Free hospitality Shuttle Bus Service from the following pick-up points: HarbourFont Avenue
      100 words
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  • Page 11 Advertisements
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      396 11 @^XUS THE PURSUIT OF PERFECTION EXCEPTIONAL TECHNOLOGY EXCEPTIONAL PERFORMANCE LEXUS FULL HYBRID A RX Hybrid GS Hybrid j LS Hybrid 339 bhp accelerate the GS Full Hybrid from 0 100km in 5.9 seconds Even with 295 bhp the RX Full Hybrid has an optimum fuel efficiency of 159 km/litre The
      396 words
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  • Page 12 Advertisements
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      2191 12 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg DraSon 8roup DRAGON GROUP INTERNATIONAL LIMITED (Company Registration No. *****6761C) (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Dragon Group International Limited ("the Company") will be held at 25 Kallang
      2,191 words
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      Lock icon Page 12 Advertisements Column 2
      2298 12 /A ASTI HOLDINGS LIMITED (Company Registration No. *****1514C) (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of ASTI Holdings Limited ("the Company") will be held at Blk 25, Kallang Avenue, #06-01, Kallang Basin Industrial Estate, Singapore *****6, on
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  • PREMIUM PROFESSIONALS
    • Article, Illustration
      Lock icon Rising need for specialty insurance
      1664 13  -  As Asian markets become more litigious, companies begin to see the value of directors’ liability insurance. TEH SHI NING reports TEH SHI NING SPECIALTY insurance particularly financial lines of insurance show much potential for growth in Singapore’s market, insurance leaders here say. After posting strong
      1,664 words
    • Article, Illustration
      Lock icon Gaining a holistic view of the insurance industry
      798 13  -  By TEH SHI NING FOR third-year National University of Singapore Business Accountancy student Nur Ashikin Ahmad, job hunt season is still a while away. But a holiday internship last year has already evolved into a part-time flexi-work arrangement in general insurance, an
      798 words
    • Article, Illustration
      Lock icon Lesson from Michael Jackson’s death
      745 13  -  By TEH SHI NING WHILE still an intern and green to the general insurance industry, Soh Rui Na was curious to know why and how people came to join insurance companies. “Many people said they entered the industry either because a family member was already
      745 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon ADB expects 7.5% Asia growth, but risks remain
      1024 14  -  Posing great danger is premature withdrawal of stimulus measures Reports by ANTHONY ROWLEY ASIA weathered the 2009 economic storm well, and while overall growth in the region excluding Japan fell to an eight-year low of 5.2 per cent, it is expected to
      1,024 words
    • Article
      Lock icon US budget gap shrinks on lower bailout costs
      502 14 But deficit for full year projected to rise to all-time high AP [WASHINGTON] The US federal budget deficit for March showed a dramatic decline because of a much lower estimate by the Obama administration of how much the US financial bailout programme
      AP  -  502 words
  • Page 14 Advertisements
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      1826 14 Kinki Rocks At Kuriya Dining for the month of April Savour the highly-prized Kinki fish from Hokkaido. Enjoy its sweet fatty flesh as it melts in your mouth. Available as Shioyaki (grilled with salt) or Nitsuke (simmered). j'-t- t~ V- v not-to-be-missed price of $78.80 for a whole Kinki fish.
      1,826 words
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      Lock icon Page 14 Advertisements Column 2
      1112 14 ASIA FOOD PROPERTIES LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0619R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Asia Food Properties Limited ("AFP" or the "Company") will be held at Holiday Inn Atrium Singapore, Level 4, Atrium Ballroom, 317
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Zaid is PKR's pick for key poll
      538 15  -  Selangor by-election keenly watched for clues to possible BN resurgence in state By S JAYASANKARAN FORMER law minister Zaid Ibrahim has been picked as the candidate for opposition Parti Keadilan Rakyat (PKR) in a by-election for the parliamentary seat of Hulu Selangor on
      538 words
    • Article
      Lock icon Antam in talks with China firms
      192 15 Reuters [JAKARTA] Indonesian gold and copper miner PT Aneka Tambang said yesterday it is in talks with several Chinese firms about their possible investment in its US$1.2 billion ferronickel smelter. State-owned Antam said a decision about the investment may be reached when Chinese Premier
      Reuters  -  192 words
  • Page 15 Advertisements
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      3993 15 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg LORENZO LORENZO INTERNATIONAL LIMITED Company Registration No. *****8277C NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fifth Annual General Meeting of the Company will be held at 27 Kaki Bukit Place Eunos Techpark Singapore *****5 on Thursday, 29 April 2009
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  • GREATER CHINA
    • CHINA TRADE RELATIONS
      • Article, Illustration
        Lock icon China slaps duties on US and Russia steel product
        344 16 Move seen as retaliation against recent US tariffs on Chinese pipes AFP [BEIJING] China yesterday said it has imposed duties on a common electrical steel made in the United States and Russia, in apparent retaliation for Washington’s recent decision to slap
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        Lock icon Step back for ‘Buy China’ high-tech programme
        359 16 Reuters [BEIJING] China has abandoned parts of an “indigenous innovation” push in government buying of high-tech products that has rankled the Obama administration, EU and foreign companies, fearing protectionist barriers. China’s Ministry of Science and Technology (Most) flagged the partial retreat on government
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      Lock icon ICBC: Top four banks need 480b yuan more capital
      391 17 They must maintain adequacy ratio of 11.5% as loans grow in next 5 years Bloomberg [SHANGHAI] China’s four largest publicly traded banks need 480 billion yuan (S$98 billion) of capital to comply with regulatory requirements for financial strength, according to Industrial
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    • Article
      Lock icon Sinopec pays US$4.65b for Conoco Syncrude stake
      326 17 Bloomberg [HOUSTON] China Petroleum Chemical Corp agreed to pay ConocoPhillips US$4.65 billion for its stake in Syncrude Canada Ltd, a higher price than analysts expected as Asia’s biggest refiner seeks overseas petroleum reserves. Sinopec, as the Beijing-based company is known, will buy about
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      3501 16 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Z.fe% y S]> SAN TEH LTD (Company Registration No.: *****1039W) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twentieth Annual General Meeting of the Company will be held at Grand Mercure Roxy Hotel, Amber Room, Level 3, 50 East Coast
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      11 17 www. m fisttwu Singapore 2010 isiMcnum r ®a Hi a inni/inriwriifliiiii'friii
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      18 17 HATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg CATS Recruit The first step on your ladder to success CLA/AUG06/g
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      2315 17 t.K ■FuVu FU YU CORPORATION LIMITED (Incorporated In The Republic of Singapore with limited liability) (Co Reg No. *****4601C) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Fu Yu Corporation Limited ("the Company") will be held at Function Room, Level 2, Raffles Marina,
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Call for bigger BRIC role in financial bodies
      402 18 These large and growing economies need greater voice: Indian diplomat Xinhua [BRASILIA] BRIC countries (Brazil, Russia, India and China) should play a bigger role in international financial institutions, an Indian diplomat said. After these countries successfully overcame the global financial crisis, “I
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    • Article
      Lock icon Starbucks targets China, India, Vietnam
      367 18 Reuters [TOKYO] Starbucks sees the potential for thousands of stores in Greater China, where it currently has around 700, and is also keen on expanding in India and Vietnam, the head of the world’s largest coffee retailer said. “We’ve built 700 stores in Greater China
      Reuters  -  367 words
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      Lock icon Citigroup’s Indian equities head quits job to protect tigers
      427 18 Bloomberg [MUMBAI] Citigroup Inc’s head of Indian equities Nikhil Nagle has quit his job to protect tigers and promote wildlife conservation. “I had been toying with the idea for a long time,” Mr Nagle, who turned 38 on April 5, says
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      495 18 V I I N WINE DINE AND HOSPITALITY SPRING DELICACIES Enjoy seasonal specialties presented by Chef Hiroshi Kagata with a ten-course Sakura Kaiseki featuring Grilled Baby Lobster with Sea Urchin, Simmered Top Shell with Ginger Soy Sauce and Stewed Minced Beef and Pork rolled in Spring Cabbage Priced at $160++,
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  • INDIA
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      Lock icon Infosys Tech Q4 profit dips
      335 19 The 0.9% drop in earnings comes despite 13% increase in revenues to 59b rupees AFP [BANGALORE] Indian outsourcing giant Infosys Technologies reported yesterday net profit slipped in the three months to March amid a “challenging” global business environment. Kicking off India’s quarterly earnings season, Infosys
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    • Article
      Lock icon RBI seen tightening monetary policy further
      179 19 Reuters [NEW DELHI] India’s central bank is expected to further tighten its monetary policy, R Gopalan, secretary for financial services in the Finance Ministry, said yesterday. India’s rising inflation has kept markets betting on another interest rate rise next week. Investors have already priced
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      4639 19 MATS NOTICES •SELL IT-FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg KENCANA KENCANA AGRI LIMITED Registration Number: *****7793E (Incorporated in the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the 2010 Annual General Meeting of the members of the Company will be held at Suntec Singapore
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  • FOCUS: HONG KONG BOOM
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      Lock icon China visitors fuel HK luxury boom
      1047 20 Sales of luxury goods and prices of homes jump, on the back of record numbers of visitors from the mainland Bloomberg [HONG KONG] JU WEI, the owner of an advertising company in China’s north-western Gansu province, makes a 1,800 km trek to Hong Kong
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      254 20 w 'ii WINE DINE AND HOSPITALITY SALUTING ALL... ...Administrative Professionals. Reward and thank your capable assistants with gastronomic treats lined up from Orchard Road to the Marina Bay during the Administrative Professionals'Week, from 19 25 April! At Mandarin Orchard, there is Triple Three with its Japanese-inspired buffet featuring more than
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      2459 21 HATS NOTICES IT Toll free: 1800-289-8822 Email: notices@sph.com.sg J§te? ADVANCED SYSTEMS AUTOMATION LIMITED (Company Registration No. *****0740M) (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Fourth Annual General Meeting of Advanced Systems Automation Limited (the "Company"), will be held at Blk
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      3888 21 JOYAS INTERNATIONAL HOLDINGS LIMITED (Company Registration Number *****) (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of Joyas International Holdings Limited (the "Company") will be held at Hotel Miramar, Orchid Room, Level 2, East Wing at 401 Havelock
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  • ASIA-PACIFIC/WORLD
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      Lock icon IMF triples crisis fund with pledges of billions
      548 22 China makes largest commitment among new countries, promising US$50b LAT-WP [WASHINGTON] The International Monetary Fund (IMF) on Monday tripled the amount of money it can deploy in a crisis, drawing more heavily on commitments from emerging economies such as China and Brazil
      LAT-WP  -  548 words
    • Article
      Lock icon ‘Positive’ signs for prices in Japan: BOJ
      369 22 Bloomberg [TOKYO] The Bank of Japan (BOJ) is seeing brighter signs for prices in Japan, governor Masaaki Shirakawa said in an indication policy makers may raise their inflation forecasts this month. “We’re starting to see more positive signs than negative signs,” the governor
      Bloomberg  -  369 words
    • Article
      Lock icon Greece sells 1.2b euros of T-bills
      315 22 AP [ATHENS] Debt-ridden Greece raised 1.2 billion euros (S$2.3 billion) in a heavily oversubscribed auction for 26- and 52-week Treasury bills yesterday, the first debt sale since details were announced of a eurozone and International Monetary Fund (IMF) rescue package over the weekend. But
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      1314 22 O carriernet CarrierNet Global Ltd. Company Registration No. *****4341D (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of CarrierNet Global Ltd. will be held at Raffles Marina, Function Rooms, Level 2, 10 Tuas West Drive, Singapore *****4, on
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      1306 22 SARIN TECHNOLOGIES LTD. SARIN TECHNOLOGIES LTD. (Incorporated in Israel) Israel Registration No. 51 *****07 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of the Company will be held at the offices of Eyal Khayat, Zolty, Neiger Co., Law Offices, 9 Hamenofim Street, Eleventh Floor
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      66 22 60,000 Hotels Worldwide Best Rates Instant confirmation www.luxury.com.sg CO <T> JERRY LUM Marketing Director, MBA, CES TDTHP+65 8288 0098 http://jerrylum.myweb.sg/ a* -s- tk Lianhe Zaobao Singapore and Taiwan will join hands to explore Indian market A -TV I a mm To subscribe, call 6388-3838 or go to sphsubscription.com.sg r Find
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      196 23 [SATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICE I, Douglas Richard Fyvie Crichton, bachelor, of Flat 4L, Still Mansion, 2 4 Still Road, Singapore *****0 intend to marry Dyah Ayu Retnaningtyas, single, of Flat 4L, Still Mansion, 2 4 Still Road, Singapore *****0 at Jalan Baruk Barat VII, No.16 Pondok
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      2427 23 MCL LAND LIMITED (Co. Reg. No.: *****0074K) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 48th Annual General Meeting of the Company will be held in The Oriental Ballroom, Lobby Level, Mandarin Oriental, Singapore, 5 Raffles Avenue, Singapore *****7 on Thursday, 29 April 2010
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      2492 23 SEE HUP SENG LIMITED (Company Registration No. *****2208Z) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of See Hup Seng Limited (the "Company") will be held at 81 Tuas South Street 5, Singapore *****1 on Thursday, 29 April
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  • ASIA-PACIFIC
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      Lock icon Baht takes drubbing from political unrest in Bangkok
      624 24  -  It’s Asia’s worst performer this quarter; 0.3% dip is biggest in 9 weeks By LEE U-WEN [SINGAPORE] Just over a month ago, the Thai baht was the strongest currency in South-east Asia, following a flood of foreign investment in the country’s stock
      REUTERS  -  624 words
    • Article
      Lock icon Thai minister calls for debate on monarchy
      365 24 AFP [BANGKOK] Thailand’s foreign minister has broken a taboo by advocating reform of the monarchy, unprecedented in a country where the king is hugely revered and any criticism of the royals is a serious crime. Kasit Piromya said in Washington on Monday any
      AFP  -  365 words
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      3219 24 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg SAMKO TIMBER LIMITED (Company Registration No.: *****7815M) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Samko Timber Limited ("the Company") will be held at Parkroyal on Beach Road, Singapore, Plaza
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  • BRITISH ELECTION
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      Lock icon A modern tale of two cities
      790 25 London is home to some of Britain’s richest and poorest a social gulf which won’t go unnoticed in the polls in May [LONDON] RESIDENTS of the decaying Robin Hood Gardens estate, where grimy windows punctuate concrete, prison-like corridors, say they feel no connection with
      PHOTOS: REUTERS  -  790 words
    • Article
      Lock icon Tories to unveil power-topeople manifesto
      482 25 Tories to unveil power-to-people manifesto AFP [LONDON] Britain’s opposition Conservatives were to launch their manifesto yesterday for the May 6 general election, with a raft of pledges they say will put power back in people’s hands. Party leader David Cameron was to unveil the list of key policies, entitled Invitation
      AFP  -  482 words
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      319 25 SilkAir extends Bangalore ChennaijP From From $498 $448 return all-inclusive return all-inclusive la ■rffiXp Ml ovou 'J n SilkAir's Services to Bangalore, India (From 17 May 2010) Flight Day Routing Departs* Arrives MI428 MI427 Daily Daily Singapore to Bangalore Bangalore to Singapore 2250 0130 0045 1 0835 SilkAir's Services to
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  • WORLD
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      Lock icon Global oil demand to hit record high: IEA
      562 26 Oil demand to reach an average of 86.6m bpd this year, up from 2009’s 84.93m Reuters AP [LONDON] Global oil demand will reach a record high this year, the International Energy Agency (IEA) said yesterday, revising up consumption estimates as the world
      Reuters; AP; BLOOMBERG  -  562 words
    • Article
      Lock icon Posco posts more than fourfold jump in Q1 profit
      323 26 Bloomberg [SEOUL] Steelmaker Posco posted a more than fourfold jump in first-quarter profit, beating analysts’ estimates, after it increased output to meet rising demand from makers of cars and home appliances. Net income rose to 1.44 trillion won (S$1.8 billion) in
      Bloomberg  -  323 words
    • Article
      Lock icon Trade deficit widens in Feb to US$39.7b
      411 26 LATEST US DATA Reuters AP [WASHINGTON] The United States’ trade gap widened in February to US$39.7 billion caused by a jump in imports of consumer goods and other products, but the closely watched bilateral deficit with China was at its lowest in nearly
      Reuters; AP  -  411 words
    • Article
      Lock icon Lehman used ‘alter ego’ company to channel risks: report
      421 27 NYT [NEW YORK] Lehman Brothers Holdings used a firm it controlled to shift investments off its books before its collapse, the New York Times reported yesterday, citing an internal Lehman document and ex-employees the newspaper didn’t identify. The use of Hudson
      NYT  -  421 words
    • Article, Illustration
      Lock icon Senate probe finds fraud in WaMu lending
      697 27 Pay system rewarded loan officers for volume and speed of sub-prime mortgages AP [WASHINGTON] The mortgage lending operations of Washington Mutual Inc (WaMu), the biggest US bank ever to fail, were threaded through with fraud, Senate investigators have found. And the bank’s own
      AP  -  697 words
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      Lock icon Now a phone for the youth – from Microsoft
      465 28 Now a phone for the youth from Microsoft It’s the firm’s first foray into designing its own phones Reuters [SAN FRANCISCO] Microsoft Corp launched two new phones aimed at young people on Monday, marking a fresh assault on the low end of the growing smartphone market, where BlackBerry maker Research
      Reuters; BLOOMBERG  -  465 words
    • Article
      Lock icon Apple places new limits on devt of apps
      594 28 iPhone application developers can use only Apple’s programming tools NYT [NEW YORK] Apple is tightening its already firm grip on what software can run on the iPhone and its other mobile devices, as shown by its recent changes to the rules that
      NYT  -  594 words
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      Lock icon Pandit pledges to limit bets with Citi’s money
      351 29 [NEW YORK] Citigroup will limit bets with the bank’s money, said chief executive officer Vikram Pandit. “I don’t believe banks should be using capital or deposits to speculate,” Mr Pandit said on Monday during a panel discussion at a conference in Frankfurt
      AFP  -  351 words
    • Article
      Lock icon Trump defeats Icahn in court battle for casinos
      561 29 Bankruptcy judge sides with group of bondholders who are owed US$1.2b Bloomberg [NEW YORK] Donald Trump and his partners won control of the bankrupt casino company Trump Entertainment Resorts Inc, when a judge ruled that their bid was better for creditors than
      Bloomberg  -  561 words
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      4847 26 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg 4 COGENT COGENT HOLDINGS LIMITED (Co. Reg. No. *****0813D) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Cogent Holdings Limited ("the Company") will be held at Copthorne King's Hotel, Marquis Room Level 2,
      4,847 words
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      4078 27 MATS BUY IT-SELL IT• FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Q CHINA NEW TOWN DEVELOPMENT COMPANY LIMITED (Incorporated as a business company limited by shares under the laws of the British Virgin Islands) (Company Registration Number: *****73) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the
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      2810 28 MATS NOTICES •SELL IT-FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg CHINA ANGEL FOOD LIMITED Registration No. *****4814W (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of China Angel Food Limited ("the Company") will be held at Changi Beach
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      145 28 autopack PRINT. SCAN. MANAGE Everything you need to print a card! HDP5000 single side card printer VALUE PACKAGE! VFargo HDP 5000 single side card printer v200 pes pvc cards 1 x YMCK color ribbon HDP film iDesign Lite ID Card software S$4.333-5«/set (price include GST) 'Promotion valid until 15 MAY
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      3182 29 MATS NOTICES BUY IT SELL IT FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of NERA TELECOMMUNICATIONS LTD ("the Company") will be held at 109 Defu Lane 10, Singapore *****5 on 29 April 2010 at 11.30 a.m.
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  • FOCUS: FROM WASTE TO ENERGY
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      Lock icon Europe finds cleaner fuel in trash
      1381 30 European countries such as Denmark and Germany have embraced waste-to-energy technology but it has yet to find acceptance in the US NYT [HORSHOLM, Denmark] THElawyersand engineers who dwell in an elegant enclave here are at peace with the hulking neighbour just over the back
      NYT; BLOOMBERG  -  1,381 words
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      2753 30 BUY IT SELL IT FIND IT MATS I r" F Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES SC GLOBAL DEVELOPMENTS LTD (Incorporated in the Republic of Singapore) (Company Registration No. *****2459K) NOTICE OF THIRTY-SECOND ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-Second Annual General Meeting of SC Global Developments
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      2030 31 HATS NOTICES IT Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of China Sunsine Chemical Holdings Ltd. (the "Company") will be held at FTSE Room, 9th Floor, Capital Tower, 168 Robinson Road, Singapore *****2 on Thursday, 29 April 2010
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      2096 31 Hi Overseas Union Enterprise Limited Company Registration No. *****0050E NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Forty-Seventh Annual General Meeting of Overseas Union Enterprise Limited (the "Company") will be held at Mandarin Orchard Singapore, Mandarin Ballroom III, 6th Floor, Main Tower, 333 Orchard Road, Singapore *****7,
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      1906 32 QAF Limited Company Registration No. *****0035D (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 No. 224 Pandan Loop, Singapore *****1 on 29 April 2010 at 10.30 a.m. to transact the following
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      2738 32 [SATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg OldChangKee J OLD CHANG KEE LTD. (Incorporated in the Republic of Singapore on 16 December 2004) (Company Registration No. *****6190W) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Republic Polytechnic,
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  • Transport HUB
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      Lock icon SMW: a winning formula gets better
      676 33  -  STRAIT TALK By DAVID HUGHES THE main focus of the upcoming Singapore Maritime Week (SMW) is, as you would expect, on the future. I have in front of me a calendar of events for April 25 to 30 and it is certainly well packed
      676 words
    • Article
      Lock icon Baltic Index falls for sixth day
      242 33 Bloomberg [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, fell for a sixth day as rates for larger carriers fell to a six-month low. The index tracking transport costs on international trade routes slipped 2 points to 2,911 points on
      Bloomberg  -  242 words
    • TRANSPORT HUB: SHIPPING
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        Lock icon Asia’s vital role in world shipping
        865 34  -  By YUICHI SONODA The writer is secretary-general of the Asian Shipowners’ Forum WE are in the modern age of IT. Information and some forms of monetary transactions can be transmitted across international borders, to different countries in the world, in the blink of an
        BLOOMBERG  -  865 words
      • Article
        Lock icon Great Barrier Reef damaged: officials
        425 34 Grounded Chinese ship causes scarring, coral destruction to famed tourist site AFP [SYDNEY] A massive Chinese ship caused “significant” damage to the famed Great Barrier Reef after smashing into its delicate corals and getting stuck for more than a week, Australian officials said yesterday. Workers
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      • Article
        Lock icon TRANSPORT STOCKS
        278 34 SGX '000 Apr 13 S$ +/-Vol CH Offshore 0.67 -0.01 225 Chuan Hup Hldgs 0.30 unch 88 Cosco Corp 1.73 0.08 ***** CWT Ltd 1.04 -0.05 4708 Ezra Hldgs 2.34 -0.07 7081 First Ship Lease 0.64 -0.01 465 Freight Links 0.05 -0.01 4459 Grand Banks unch unch 0
        278 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Jet Airways banks on premium travellers
        764 35 Business flyers’ return to luxurious seats to fuel airline’s expansion in Europe Bloomberg [LONDON] Jet Airways (India) Ltd, the carrier that says it was first to offer private suites in first class, predicts that business travellers will return to premium seats, helping fuel the
        Bloomberg; BLOOMBERG  -  764 words
      • Article, Illustration
        Lock icon US corporate jet users’ hidden flights come to light
        575 35  -  By JOE SHARKEY NYT [NEW YORK] After two years, “business jet” no longer sounded disreputable. Then last week, the nonprofit investigative reporting organisation ProPublica released a report, which was published in USA Today. The report identified fliers of corporate jets who
        NYT; AFP  -  575 words
      • Article
        Lock icon BA CEO awaits union verdict on new offer
        272 35 Bloomberg [LONDON] British Airways plc (BA) has put forward new proposals on pay and staffing levels for 12,000 cabin crew as Europe’s third-largest carrier seeks to avoid a fresh spate of strikes. The airline is waiting to hear whether the Unite union
        Bloomberg  -  272 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2830 35 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 2345
        2,830 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon GM diesel engines to drive more Chevy truck exports
        533 36  -  New Thailand plant overcomes country export limitations for Colorado pick-up By SAMUEL EE WHEN the doors to General Motors’ new diesel engine plant in Thailand open next year, so will the export door for its Chevrolet Colorado pick-up trucks. GM owns
        533 words
      • Article
        Lock icon GM eyes 3m-a-year car sales in China by 2015
        326 36 Bloomberg [SHANGHAI] General Motors Co (GM), the largest overseas carmaker in China, aims to sell three million vehicles a year there by 2015 as it adds new, more fuel-efficient models to meet demand. GM and its local partners are “on track”
        Bloomberg  -  326 words
      • Article, Illustration
        Lock icon Ford open to green car tie-ups, but cautiously
        552 36 Reuters [LAGUNA NIGUEL, California] Ford Motor Co is open to partnerships in green car technology but will be cautious in committing to any alliance, executive chairman Bill Ford Jr said on Monday. Ford is treading carefully on tie-ups after global rivals Renault,
        Reuters  -  552 words
      • Article, Illustration
        Lock icon Brazil may eclipse Germany in car sales this year
        699 36 Easy credit boosts number of potential buyers by over 50% Bloomberg [SOUTHFIELD, Michigan] Brazil may pass Germany this year to become the world’s fourth-largest car market after banks cut interest rates and eased loan terms, putting purchases in reach for more
        Bloomberg; REUTERS  -  699 words
  • Page 33 Advertisements
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      2757 33 A Total Systems Solution for Freight Fo wniUE El Cyberfreight has a reputation of reliability and value. It is a robust package that is cost effective to run. It also integrates operations and accounts with smart documentation and customer management tools. Cyberfreight has a user friendly interface that reguires minimal
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      3806 34 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg ENG KONG HOLDINGS LIMITED (Company Registration No.: *****7478G) (Incorporated in the Republic of Singapore) (Company) NOTICE OF SIXTEENTH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Sixteenth Annual General Meeting of the Company will be held at Ficus 1, Jurong Country Club,
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  • Page 35 Miscellaneous
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      Lock icon Page 35 Miscellaneous Column 1
      322 35 CRYPTIC CROSSWORD Across 1 Hurt someone’s feelings in cricket side, by boundary (6) 5 Advocate working on treaty (8) 9 Saw nothing untoward in a Tyne and Wear town (10) 10 Host, extremely foolish to lose face (4) 11 Faithful, a Catholic clergyman (8) 12 Look up to one in
      322 words
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      115 36 Discover medical excellence and retail therapy under one roof Paragon Medical houses over 60 world-class specialists who are delighted to serve you with utmost attention, delivering standards that can only be exceeded by their medical precision. Experience medical exclusivity at its best, a perfect complementto unrivalled shopping enjoyment at Paragon.
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      2521 37 HATS NOTICES IT Toll free: 1800-289-8822 Email: notices@sph.com.sg FR5TUBE FASTUBE LIMITED (Company Registration No. *****1055E) (Incorporated In the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Fastube Limited ("the Company") will be held at 80 Raffles Place UOB Plaza 1
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      2221 37 HYFLUX LTD (Company Registration No.: *****2722Z) (Incorporated in the Republic of Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Hyflux Ltd ("Company") will be held at 202 Kallang Bahru, Hyflux Building, Singapore *****9 on 30 April 2010 at 2.00p.m.
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      4534 38 HATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg SELECT GROUP Partners Preferred Resolution 2 Resolution 3 Resolution 4 Resolution 5 Resolution 6 Resolution 7 Resolution 8 Resolution 9 SELECT GROUP LIMITED Registration No. *****0697Z (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2010 Annual General
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      11 39 CATS Recruit The first door to your world of opportunities CLA/AUG06/g
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      2746 39 HTL HTL INTERNATIONAL HOLDINGS LIMITED (the "Company") (Registration No. *****4162H) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held on Thursday 29 April 2010 at 9.30 a.m. at 11 Gul Circle Singapore *****7, to transact the following business: ORDINARY
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon China exchange rate issue a red herring
      1021 40  -  US obsession with the yuan is a classic example of blaming foreigners for domestic woes By AVINASH PERSAUD The writer is chairman of Intelligence Capital, a London-based fund management firm. This article was sourced from VoxEU.org, a Web portal which features the views
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      Lock icon Cricket’s road to becoming a money-spinner in India
      807 40  -  THE BOTTOM LINE YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT CRICKET is the one sport that pulls in the crowds and the money in the Indian sub-continent. Ever since the nature of the game has changed
      807 words
    • Article
      Lock icon Averting a currency war
      456 40 EDITORIAL NEWS reports from Beijing suggest that China may be on the brink of allowing the value of its currency to rise, perhaps by as much as 3 per cent against the US dollar. While a 3 per cent change is relatively small, a deal between
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      Lock icon Longevity in healthcare lies in innovation
      1129 41  -  A smarter healthcare system in Asia one country at a time offers a clear solution to region’s healthcare ailments By BARBARA ARCHBOLD The writer is healthcare leader for Asean, IBM Global Business Services in Singapore MINISTERforHealthKhawBoon Wan said “An old Chinese saying states that
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      Lock icon Eurozone rescue is a waste of money
      1015 41  -  MATTHEW LYNN The writer is a Bloomberg News columnist. The opinions expressed are his own ANOTHERday,anotherepisode in the Greek rescue saga. Over the weekend, after five days during which Greek debt took a battering on the markets, the euro area’s governments met, talked,
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9065 42 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 4.5 3148 8Telecom 17 unch 254 17 16.5 16.5 17 1.7 10.6 5.5 81.4 10 4 5834 A-Sonic 8 +0.5 137
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      Lock icon SGX CATALIST
      1732 43 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 5.5 27.8 4.8 25 12 8538 t APStrategic 15 13.5 16.5 88.5 4 0.5
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    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9341 43 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.27/ APS Alpha Fund (USD)!** 0.92/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.75/ Aberdeen Asset Mgt Asia Limited American Opp 0.6787/ Asian Credit Fund 1.2402/ Asian
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      Lock icon SINGAPORE STOCKS
      2 43
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    • Article
      Lock icon SGX ETF
      588 43 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 $mil 112 107 6389 ABF SG Bond ETF 112 109.1 112 511.3 873 527 CIMBAsean40 100US$ US861 -7 0 861 861 857 863 34.4 303
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    • Article
      Lock icon CLOB INTERNATIONAL
      260 43 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 $mil 56 26 6000 AVJennings A47.5 +1 220 47.5 47.5 47 50 3.6 7.4 3.8 123.7 31 9 6017 Genting HK US$ US21 -0.5 4577
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      365 44 In local curr In S$ In US$ dy yr dy yr dy yr Apr 12 Index Change Change Change Change Change Change World Index Preliminary 885.4 0.3 6.4 0.6 4.3 0.6 5.3 EAFE Preliminary 828.6 0.3 5.6 0.9 1.7 0.9 2.7 Europe Preliminary 1181.0 0.2
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    • Article
      Lock icon SICOM FUTURES
      169 44 Apr 13 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) May 10 399.5 399.5 399.5 8 Jun 10 386.0 386.0 386.0 20 Jul 10 370.0 Aug 10 357.0 Sep 10 353.0 Oct 10 347.0 TSR 20 (US cents/kg) Volume
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    • Article
      Lock icon GOVERNMENT SECURITIES
      90 44 Apr 13 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 15.07.2010 0.35 0.30 0.30 1-Year BY*****N 01.11.2010 0.37 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.07 104.10 104.10 5-Year N*****0N 1.375 01.10.2014 100.80
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      133 44 Apr 13 As at 9am Apr Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2790 1.3180 Can dollar 1.3810 1.3970 Euro 1.8820 1.9030 NZ dollar 0.9860 1.0070 Sterling pound 2.1270 2.1520 US dollar 1.3860 1.4020 Local dollars to 100 units of
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    • Article
      Lock icon INTERBANK RATES
      178 44 Apr 13 Apr $S Offer Bid Overnight 0.05 0.03 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 1/16 US$ Offer Bid 7 days 0.28 0.24 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 0.90 0.70
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    • Article
      Lock icon PALM OIL
      67 44 Apr 13 Apr KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 10 2555 2580 2580 2555 80 1464 May 10 2530 2550 2551 2522 1084 ***** Jun 10 2520 2531 2540 2511 7032 ***** Jul 10 2511
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    • Article
      Lock icon USS/SS FORWARD RATES
      23 44 Apr 13 S$ S$ Bid Offer 1-month 1.3928 1.3941 2-months 1.3929 1.3943 3-months 1.3931 1.3945 6-months 1.3936 1.3949 Source: OCBC
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    • Article
      Lock icon STOCK INDEX FUTURES
      28 44 Apr 13 Apr Open High Sett STI Apr 2954 SIMSCI Apr 351.1 351.9 350.0 Taiwan Apr 289.5 289.6 285.6 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon SIBOR
      85 44 Apr 13 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      359 44 Apr 13 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.6350 0 3529 Sep10 99.4750 0 1078 Dec10 99.2050 0 1626 Mar11 98.8650 0 2538 EUROYEN TIBOR FUTURES Jun10 99.6150 134 4418 Sep10 99.6700 99.6700 99.6300 99.6350 100 3613 Dec10 99.6400 100 1353 Mar11 99.6250 99.6250
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    • Article
      Lock icon INTERBANK CROSS RATES
      468 44 Apr 13 Apr 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.930 6.317 0.681 7.181 41.210 83.508 0.863 10.400 2.984 1.298 77.498 41.340 1.289 6.744 0.979 29.213 29.921 0.603 0.925 Canada
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    • Article
      Lock icon PRECIOUS METALS
      144 44 Apr 13 GOLD (US$/oz) Apr 12 Apr 13 Hong Kong 1163.30 1150.20 Apr 09 Apr 12 London 1158.55 1163.75 1159.35 1164.55 Source: Thomson Reuters CAST BAR Apr 13 (S$) Selling Buying Kilobar 55,420.65 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 124.12 52 5gm 352.03 258 10gm 629.16
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 44 Apr 13 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2884 1.2901 0.9252 0.9255 Canadian dollar 1.3859 1.3879 0.9952 0.9957 Euro 1.8927 1.8949 1.3591 1.3594 NZ dollar 0.9921 0.9937 0.7124 0.7129 Sterling pound 2.1374 2.1402 1.5348
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    • Article
      Lock icon LONDON METALS
      71 44 Apr 12 Apr Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2384.00 2372.75 3 months 2417.00 2406.00 Copper, Grade A (US$/tonne) Cash 7872.50 7893.50 3 months 7905.00 7925.00 Lead (US$/tonne) Cash 2333.00 2305.00 3 months 2358.50 2332.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
      71 words
    • Article
      Lock icon CHICAGO BOT
      105 44 Apr 12 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 10 960.00 952.25 965.50 952.75 Jul 10 968.50 962.00 973.75 962.00 Aug 10 962.25 957.25 966.50 956.00 Sep 10 943.75 943.25 949.00 938.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low May 10 39.59 40.04 40.39
      105 words
    • Article
      Lock icon LIFFE
      77 44 Apr 12 COCOA (£/tonne) Close Prev High/Low May 10 2152 2131 2165/2125 Jul 10 2171 2151 2184/2145 Sep 10 2144 2124 2159/2120 Dec 10 2121 2099 2134/2093 COFFEE (US$/tonne) Close Pev High/Low May 10 1353 1340 1353/1344 Jul 10 1388 1376 1389/1379 Sep 10 1418 1405 1418/1411 SUGAR (US
      77 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 44 CRUDE OIL PRODUCTS Apr 12 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 86.38 0.99 WTI (Near Mth) 84.35 -0.52 Dubai (1-Mth F) 83.83 -0.02 Tapis blend 88.30 -0.20 Minas 87.10 -0.20 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 82.16 0.39 Jet Kerosene 96.00 0.55 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2461 44 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 3.5 1 15 23 4.29 49 4085 ASJ Hldgs W*****1 3.5 1 4 15 1.86 22 2036 Advance SCT Ltd W*****9 0.5 1 87 2400 7.00
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  • Page 44 Advertisements
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      11 45 CATS Recruit The first step on your ladder to success CLA/AUG06/g
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      Lock icon Page 45 Advertisements Column 2
      2630 45 RflUBiJi MS/ sound global SOUND GLOBAL LTD. (Incorporated in Singapore on 7 November 2005) (Company Registration Number: *****5422C) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of Sound Global Ltd. (the Company will be held on 30 April 2010 at 11.00 a.m. (or soon
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      2598 46 SUNNINGDALE TECH LTD (Company Registration No. *****8621R) Incorporated in the Republic of Singapore NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fifteenth Annual General Meeting of the Company will be held at the Suntec Singapore, International Convention Exhibition Centre, Meeting Room 311-312, Level 3, 1 Raffles Boulevard,
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      11 46 CATS Recruit The first step on your ladder to success CLA/AUG06/g
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      1452 47 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. Malaysia, Indonesia Destination DD LEADER
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      1605 47 WAN HAI INTERNATIONAL PTE LTD UEN: *****4695M TEL: *****588 (14 LINES) FAX: *****163 PKL TEL: (03) *****888 FAX: (03) *****288 PEN TEL: (04) *****00 FAX: (04) *****99 JOH TEL: (07) *****23 FAX: (07) *****21 SUR TEL: (031) *****75 FAX: (031) *****14/*****05 JKT TEL: (021) *****88 FAX: (021) *****88 PLM TEL:
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      Lock icon Page 48 Advertisements Column 1
      1302 48 HDS LINES THE SHORTEST TRANSIT TO PERSIAN GULF Visit our website at: TBA CONTAINER SERVICE TO JEDDAH, ISTANBUL, MIDDLE EAST, PERSIAN GULF, CIS, MEDITERRANEAN AND NORTHERN EUROPE HDM SERVICE FMX and SMX SERVICE Connecting EMC SERVICE via MALTA VESSEL VOY SIN PKG JEA BND BIK SIN PKG JED DAM IST
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      Lock icon Page 48 Advertisements Column 2
      624 48 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL SEM JKT SUR BTU CORAL HERO 102 50 80 15/04 17/04 20/04 22/04 GOLD MENAM 101 40 122 15/04 17/04 19/04 20/04 ADMIRE CORAL 29 60 25/04 27/04 29/04 SEPANG EXPRESS
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      Lock icon Page 48 Advertisements Column 3
      283 48 TEL: (65) 6225 3522 FAX: (65) 6225 2436 Agents: Ben Line Agencies Contact CC Phoon 6420 9181 Contact Peggy Hwang 6420 9180 SHUTTLE SINGAPORE CHENNAI SINGAPORE CALCUTTA SINGAPORE HALDIA COLOMBO CALCUTTA COLOMBO CHENNAI COLOMBO TUTICORIN COLOMBO COCHIN VESSEL VOY SIN CHN SIN TIGER SHARK 795N 15-16/04 21-23/04 28-29/04 HY FUTURE
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      831 48 WEEKLY EXPRESS SAILING SCHEDULE WESTBOUND TO: COLOMBO, COCHIN, NHAVA SHEVA, JEBEL ALI ALSO ACCEPTING CONTAINERS TO ALL NORTHERN AND WESTERN INDIAN ICD POINTS VESSEL VOY SIN PKL (W PORT) CMB (JCT2) NSA (NSICT) SCI VIJAY 041W 15 APR 16 APR OMIT 24 APR SCI KOLKATA 010W 20 APR 21 APR
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  • executive Money
    • Article
      Lock icon Time the market the contrarian way
      804 49 A new study provides more evidence that mutual fund investors usually get the direction of the stock market wrong NYT [NEW YORK] Mutualfundinvestorsusu-allyget the direction of the stock market wrong. Just before the market declines, they generally move money out of their bond funds
      NYT  -  804 words
    • Article, Illustration
      Lock icon The low-cost power of ETFs
      1076 49 NYT [NEW YORK] TWO trends in fund investment have progressed side by side for several years: strong flows of money into exchange-traded funds (ETFs) and into portfolios that track the movements of a stock index. The coincidence is no coincidence. Nearly all ETFs so far
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    • Article, Illustration
      Lock icon One year on: Many happy returns?
      1255 50  -  There’s scepticism about the asset market rallies of the past 12 months, with many questioning the sustainability of the rebounds MONEY MATTERS LIM SAY BOON The writer is chief investment strategist for Standard Chartered Bank, Group Wealth Management Private Banking ONE year has passed
      BLOOMBERG FILE PHOTO; Source: Datastream; Source: Bloomberg  -  1,255 words
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      13 50 MARKET TIMING Do the opposite of the average mutual fund investor Page 49
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