The Business Times, 2 March 2011

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Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, March 2,2011
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  • 554 1  -  DPM Teo updates House on key points of productivity drive By CHUANG PECK MING [SINGAPORE] Dining at Sakae Sushi will soon be a breeze for diners and a labour-saving experience for the restaurant chain. You can book a table at any of its restaurant outlets
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  • 863 1  -  Some projects turned around just 5 months after site purchase to profit from market momentum By UMA SHANKARI [SINGAPORE] Developers are fast-tracking residential property launches, with some rolling out projects just five months after buying a site. This is in stark
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  • 142 1 G ST INDEX 3,067.60 (+57.09) G ST INDEX FUTURES 3,063 (+57) GSIMSCI 361.66 (+7.30) GSIMSCI FUTURES 361.60 (+8.00) FOREX US$ S$ US$ (S$ per US$) 1.271 (US$/S$ per 1.628 2.069 EURO (US$/S$/E) 1.381 1.754 Foreign currency per US$ S$ YEN 82.20 64.70 RM 3.039 2.391 HK$ 7.789 6.130
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  • Page 1 Advertisements
    • 80 1 HOCK LOCK SIEW Olam’s accounting is an issue PAGE 4 PROPERTY 2011 SEEKING OPPORTUNITIES Be sure to catch our 24-page property supplement with tomorrow’s edition of The Business Times Highlights: I Prices of top-end condos may cruise along this year I Mass, mid tiers still to hog limelight I Strata
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    • 11 1 LAND TRANSPORT German carmakers tout diesel’s virtues PAGE 22 *****1 *****4
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    • 153 1 OPINION Clever Indian budget hides hard truths PAGE 24 EXECUTIVE MONEY It’s time to capture a safe spread PAGE 32 the ON PATERSON HILL BEYOND EXPECTATION A 15-METRE CANTILEVERED POOL EXTENDS BEYOND THE IMAGINATION IN EVERY RESIDENCE. SC GLOBAL DEVELOPMENTS CELEBRATES THE IMMINENT COMPLETION OF THE MARQ AT 8 PATERSON
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  • TOP STORIES
    • 588 2 Developers speed up their launches to catch the tide DEVELOPERS are fast-tracking residential property launches, with some rolling out projects just five months after buying a site. This is in stark contrast to the trend a few years ago when most developers took about 12-15 months to launch
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    • 508 2 Positive data in December, January could augur well for next few quarters AFP Reuters [WASHINGTON] There are “grounds for optimism” that the ailing US jobs market will pick up this year, Federal Reserve chairman Ben Bernanke told Congress yesterday. Sounding an upbeat tone
      AFP; Reuters  -  508 words
    • 844 2  -  SMC’s Prof Satku accused of campaign against the surgeon By MICHELLE QUAH [SINGAPORE] The court dealt with “everything and the kitchen sink” yesterday, as the Singapore Medical Council (SMC) sought to refute Dr Susan Lim’s claims that the SMC is biased against her
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    • 475 2  -  By SAMUEL EE [SINGAPORE] SingTel yesterday announced that it will continue to be the title sponsor for September’s F1 race for two more years in 2011 and 2012. The telecommunications giant has been the title sponsor of the first three Formula 1
      FILE PHOTO  -  475 words
    • 803 3  -  Response follows calls by minority shareholders of Hongxing, Hongwei By LYNETTE KHOO [SINGAPORE] Allowing trading of shares in China Hongxing and Hongwei Technologies now would be more detrimental to shareholders and throw the fairness and transparency of the market into question,
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    • 592 3  -  By JOYCE HOOI [SINGAPORE] AS oil prices threaten to make a permanent home above the US$100-a-barrel mark, the turmoil in the Middle East is being viewed by shipping lines as another pebble in the shoe of increasingly trying global conditions. “Even without
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    • 414 3 Bloomberg [LUXEMBOURG]Insurers must stop setting prices based on gender, an EU court ruled, in a move that could raise costs for women drivers, cut male pensions and invite more legal challenges to pricing practices. “Taking the gender of the insured individual into account
      Bloomberg  -  414 words
    • 762 3  -  By VEN SREENIVASAN [SINGAPORE] Armed with some US$350 million in fresh cash from its recent initial public offering (IPO), Garuda Indonesia is pushing ahead with its aggressive refleeting and network expansion plans. With the massive US$537 million initial public offering behind him,
      ST FILE PHOTO  -  762 words
    • 555 3  -  By RONNIE LIM [SINGAPORE] Singapore is monitoring closely the cost of energy here as world oil prices rise following the turmoil in Libya, said S Iswaran, Senior Minister of State (Trade Industry and Education). “The issue is more of energy
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  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 35 3 Your window to the marketplace January/February issue out now! Available at all petrol stations (except Caltex) and all major bookstores To subscribe ($30 for six issues delivered to your office or home), please call 6388-3838
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  • COMPANY NEWS
    • 776 4  -  Earnings of 418 with comparative results surge 47% to $36.3 billion By TEH SHI NING MORE than a third of the listed companies due to report full-year results this earnings season rushed to do so in the last few days. Among these eleventh-hour
      776 words
    • 386 4 Reuters [SINGAPORE] The Singapore Exchange chief said yesterday that he does not plan to offer more incentives to win control of Australian bourse operator ASX despite pressure to sweeten its US$7.7 billion bid. “We are not considering further concessions,” Magnus Bocker, the chief
      Reuters  -  386 words
    • COMPANY BRIEFS
      • 71 4 COSCO Corporation (Singapore) said that Cosco (Nantong) Shipyard, a subsidiary of the company’s 51 per cent owned unit Cosco Shipyard Group Co, has secured a contract with Seadrill to build two units of self-erecting tender drilling rig valued at over US$130 million, excluding owner
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      • 54 4 TECHNICS Oil and Gas Ltd’s 51 per cent owned subsidiary, Norr Systems, has been awarded contracts for turnkey construction and service contracts worth $22.8 million. Norr Systems’ job scope includes design, engineering, procurement and manufacturing and supply of ship automation. The vessels are scheduled
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      • 48 4 THE deepwater subsea services arm of Ezra Holdings, EMAS AMC, has won a new contract from Norway’s Statoil worth about US$41 million. A state-of-the-art multi-purpose construction vessel will be used for this project when it begins in the third quarter of 2013.
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      • 76 4 YANLORD Land Group yesterday posted a 30.2 per cent increase in full-year net profit to 1.9 billion yuan (S$367.5 million) from 1.5 billion yuan a year ago, despite a marginal 0.9 per cent dip in revenue to 7.4 billion yuan. This was thanks to
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    • 247 4  -  By JERMAINE NG CITY Developments’ Lon-don-listed hotel arm Millennium Copthorne Hotels (M&C) yesterday said that preliminary inspections of its Christchurch hotels, following the earthquake that affected the region late last month, have been completed by the Christchurch City Council. One hotel, Copthorne Hotel
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    • 532 4  -  Data shows strong start to 2011 in banks’ lending By CONRAD TAN THE Singapore banks are benefiting from the strong economic growth in most of Asia, but face severe pressure on their lending margins from low interest rates and intense competition, which
      532 words
    • 416 4 Bloomberg [SINGAPORE] Kevin Lew Chee Fai, WBL Corp’s former chief financial officer who was found liable in Singapore’s first civil lawsuit for insider trading, lost an appeal bid to overturn the ruling yesterday. A three-judge panel dismissed Lew’s appeal, giving no
      Bloomberg  -  416 words
    • 635 4  -  HOCK LOCK SIEW By FELDA CHAY MUCH has been said already about Olam International and the CLSA report that sent the commodity supplier’s shares tumbling last week. However, the controversy surrounding the report, and the company’s high-pro-file rebuttal, should not detract investor attention from one
      635 words
    • 3792 6 NET PROFIT (S$M) TURNOVER (S$M) CURRENT COMPANY PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 UOB 2696.00 1902.00 41.7 5800.00 5405.00 7.3 2 OCBC Bk 2253.00 1962.00 14.8 5325.00 4815.00 10.6 3 Golden Agri 1830.04 780.55 134.5 4506.99 2949.70 52.8 4 Wilmar Intl 1702.63 2420.30 -29.7
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    • 412 7  -  Higher prices of crude palm oil boost revenue by 75.1% to US$117.7m By FELDA CHAY PALM plantation firm First Resources posted a 33.9 per cent year-on-year increase in net profit in its fourth quarter, buoyed by higher prices and sales volumes of
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    • 385 7  -  Net profit of $186.2 million helped by strong revenue and higher revaluation gains By TAN SHIHAO SEAN UNITED Engineers Limited (UEL) announced a more than three-fold jump in full-year net profit to $186.2 million, helped by strong revenue and higher revaluation gains. The earnings
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    • 325 7  -  By UMA SHANKARI CAPITAMALL Trust (CMT) intends to boost the occupancy, average rents and net lettable area (NLA) at its newly acquired Iluma shopping mall in Bugis. The real estate investment trust, which is a unit of CapitaLand, on Monday said that it
      ARTHUR LEE  -  325 words
    • 305 7  -  By KELLY TAY GLOBAL Testing Corporation (GTC) has slashed its fourth-quarter net losses from US$18 million a year ago to US$809,000 for the three months ended Dec 31, 2010. This helped the testing services provider break its three-year loss spell. Revenue for Q4
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  • Page 4 Advertisements
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  • Page 5 Advertisements
    • 216 5 Ready when you are pr y y < H 'm /■> I# if* v mm mes Vt :i i O r r Having trouble telling "luxury" properties apart? So are we. Luckily, there are some straightforward realities that don't rely upon inflated descriptions. Simply put: we offer large, handsomely appointed
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  • SINGAPORE MARKETS
    • 553 8  -  Brokers say the 57-point rebound is technical and probably the result of short-covering STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) yesterday bounced 57.09 points up to 3,067.60, a rebound described by brokers as “technical” and probably driven by hefty doses of
      Source: Bloomberg  -  553 words
    • 4 8 DAILY
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    • 66 8 Mar 1 VALUE CLOSE BT OB/OS -539.00 +499.0 BT CADI -*****.00 +240.0 BT 10-day MA -*****.00 -53.00 FTSE ST Mid Cap 758.16 +14.96 FTSE ST Small Cap 551.69 +11.51 FTSE ST All Share 757.29 +14.33 FTSE ST China Top 269.48 +6.03 FTSE ST China 300.90 +4.67 FTSE
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    • 59 8 VOLUME Golden Agri 230,209,000 Genting SP 81,029,000 Noble Grp 50,749,000 GMG Global 50,584,000 Cosco Corp 49,266,000 *Genting HK US$ 43,258,000 Bio-Treat 35,543,000 Midas 26,510,000 NexGenSCom 25,625,000 Yangzijiang 20,739,000 VALUE($) Golden Agri 158,764,885 Genting SP 157,944,560 Keppel Corp 110,808,570 Noble Grp 109,872,680 Cosco Corp 99,930,220 CapitaLand 60,538,760 DBS
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 0 5 0 0 0 11 0 5 Manufacturing 103 26 52 8 3 9 111 29 61 Commerce 25 7 26 3 2 7 28 9 33 Tpt/Stor/Comms 27 7 11
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    • 123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 39,619 39,619 150,843 150,843 Manufacturing 361,714 15,994 377,708 320,776 761 321,537 Commerce 134,504 3,200 137,704 226,085 605 226,690 Tpt/Stor/Comms 137,983 2,781 140,764 266,205 666 266,870 Finance 21,296 12 21,308 174,281 2 174,283 Construction 32,190 10,445
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    • 113 8 Stock name Close Change CapMallsAsia 1.750 +0.030 CapitaLand 3.350 +0.090 CapitaMall 1.860 +0.050 CityDev 11.320 +0.160 ComfortDelGro 1.540 -0.010 DBS Grp 14.420 +0.240 F&N 5.770 +0.160 Genting SP 1.960 +0.050 Golden Agri 0.705 +0.055 HK Land 6.870 +0.020 JMH 46.820 +0.620 JSH 27.560 Jardine C&C 34.120
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    • 466 8 CURRENCIES Reuters [LONDON] The US dollar hit its lowest level in three-and-a-half months against a currency basket yesterday on the view that US monetary policy will remain loose, as the market awaited testimony by Federal Reserve chairman Ben Bernanke. With other central banks
      Reuters; BLOOMBERG  -  466 words
    • 108 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 401.4 2.6 DBXT AUD Bonds 5AU$ ***** 259.3 1.3 IS S&P500 ***** 146.1 0.9 JMH 4682 78.8 1.3 DBXT FTChina25 10US$ 3090 59.7 1.5 DBXT MSKorea 10US$ 5656 57.2 0.8 GLD 10US$ ***** 52.1 0.3 Lyxor China H 10US$ 1646 45.7
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    • 118 8 BY CENTS CLOSE DOWN UOB 5.05%NCPS 100 *****-250.0 -2.3 DBXT S&P Short 10US$ 4240 -59.7 -1.1 DBS Bk 4.7% NCPS 100 ***** -30.0 -0.3 OmegaNav 155 -15.0 -8.8 Creative Tech 350 -10.0 -2.8 OCBC Bk 4.5%NCPS 100 ***** -10.0 -0.1 SIMSCI370MBePW*****1 32 -9.0 -22.0 KepCorp DBeCW*****0 42.5 -7.5 -15.0
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    • 5 8 DAILY
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  • Page 8 Advertisements
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  • SINGAPORE NEWS
    • 347 9  -  Business sentiment positive as PMI posts a fifth straight month of expansion By TEH SHI NING MORE good news has emerged from the manufacturing sector, with Singapore’s latest purchasing managers’ index (PMI) rising at its fastest pace in more than a year. February’s reading
      347 words
    • 362 9 US-BASED biotechnology company Life Technologies Corporation has opened a US$3.5 million distribution centre at Tuas Biomedical Park to cater to the growing demand from its customers in Asia. The company manufactures products used in fields such as discovery and translational research, molecular medicine, stem
      362 words
    • 696 9  -  But rising crude prices biting into refinery margins By RONNIE LIM OIL supplies to refineries in Singapore the world’s third largest oil refining/ trading hub have so far not been impacted by supply disruptions caused by the turmoil in Libya, oil officials here
      696 words
    • 524 10  -  Handful of MPs call for continued discipline that led to generous Budget YESTERDAY IN PARLIAMENT By CHUANG PECK MING THEY sounded like killjoys at a party. Small as their numbers were, the call for prudence from these Members of Parliament was so at
      524 words
    • 460 10 Tax experts share views at Deloitte Budget seminar WHILE most have praised this year’s Budget as a generous one for all, one regional economist here described it as “prudent” because the government has spent carefully and within its means.
      460 words
    • 271 10 STB sued organiser after event it had funded was canned SINGAPORE’s Court of Appeal last month dismissed with costs an appeal by British event organiser Anthony Hollingsworth against an earlier High Court order to pay the Singapore Tourism Board (STB) over $6 million,
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    • SINGAPORE ROUNDUP
      • 114 10 IN CELEBRATION of MasterCard’s 25th anniversary in Asia and the 100th anniversary of International Women’s Day on March 8, MasterCard and UN Women Singapore have come together to launch Project Inspire (http://www. 5minutestoch angetheworld.org). Youths between the ages of 18 and 35 are
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      • 109 10 THE Land Transport Authority (LTA) has won the Gartner Business Intelligence Excellence Award for Asia Pacific this year, beating 19 other submissions from six countries. The award was organised for the second time in the region by the technology research and advisory firm Gartner. From
        109 words
      • 75 10 THE Ministry of Information, Communications and the Arts (Mica) announced yesterday that the chief executive of the National Library Board (NLB), Phoon Chew Ping, will step down from her position from next month due to health reasons. In the meantime, deputy chief executive
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      • 105 10 ABN AMRO Private Banking has partnered international business school Insead to develop a customised global certification programme for its private bankers. They aim to accredit all of them by the end of 2013. The curriculum of the ABN Amro Insead Private Banking Certification Programme
        105 words
    • 746 10  -  Innovative solution needed without reneging on legal agreements signed with both IRs years ago COMMENTARY LEE U-WEN Deputy Foreign Editor OF THE many speeches delivered in Parliament on Monday as the fortnight-long Budget debate kicked off this week, one in particular caught the eye.
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    • 211 10 THE Ministry for Trade and Industry yesterday announced changes to the Sentosa Development Corporation (SDC) board, with appointments of three new members. Kwa Kim Li, managing partner of Lee Lee (Advocates Solicitors) Singapore, will be a new SDC board member. Ms Kwa has more
      211 words
    • 313 10 LEADING international experts in the field of biofuels have converged here to share their insights and solutions to sustainable bioenergy use in the future. Global scientists and policy makers will be in Singapore from March 1-5 for the prestigious second Keystone Symposia
      313 words
  • Page 9 Advertisements
    • 100 9 Saxo Capital Markets holds a capital markets services licence by the Monetary Authority of Singapore and commodity broker licence by The International Enterprise Singapore. Risk warning: You should carefully consider whether trading in leveraged products is appropriate for you based on your financial circumstances. You should be aware that dealing
      100 words

  • Page 10 Advertisements
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  • MALAYSIA/INDONESIA
    • 544 11  -  The country is investing much more than its big Asean peers, says UBS By S JAYASANKARAN in Jakarta A WEEK ago, Indonesian President Susilo Bambang Yudhoyono summoned the country’s leading stateowned enterprises (SOEs) and directed them to cease being proud of having lazy balance sheets
      544 words
    • 501 11  -  By PAULINE NG in Kualu Lumpur MALAYSIA’S broadband penetration has run ahead of targets, aided by strong consumer demand for data. Urban household broadband has reached 57 per cent and is only 3 per cent short of the 60 per cent target for the year,
      501 words
    • 382 11 Bloomberg [JAKARTA] Indonesia’s inflation slowed for the first time in four months in February, giving the country’s central bank room to keep the benchmark interest rate at 6.75 per cent when policymakers meet this week. Consumer prices in South-east Asia’s biggest economy rose 6.84
      Bloomberg; REUTERS  -  382 words
  • Page 11 Advertisements
    • 212 11 looking for the best Private Bank in Singapore We Best Local Private Bank in Singapore for 5 consecutive years Euromoney Private Banking Poll (2007-2011) Best Private Bank in Singapore Global Private Banking Awards 2010 The Banker and Professional Wealth Management Best Domestic Private Bank in Singapore Asiamoney Private Banking Poll
      212 words

  • ECONOMY WATCH
    • 555 12 Record rise in input prices to add to fears the economy risks overheating AP [BERLIN] Germany’s manufacturing sector grew in February at its fastest pace since data was launched in 1996 but a record surge in input prices will add to fears that Europe’s
      AP; BLOOMBERG  -  555 words
    • 366 12 Reuters [SYDNEY] Australia’s central bank kept interest rates steady at 4.75 per cent yesterday for a fourth month as widely expected and said inflation looked set to remain within its desired range all year, strongly suggesting it was in no
      Reuters  -  366 words
    • 545 12 Its current-account deficit might grow and boost inflation Bloomberg [LONDON] The biggest selloff in emerging-market debt since 2008 is hitting Turkey hardest as unrest in the Middle East threatens to widen the country’s cur-rent-account deficit and boost inflation. The nation’s foreign-cur-rency bonds have dropped
      Bloomberg  -  545 words
    • 415 12 Bloomberg [BRASILIA] Brazil’s government will reduce defence, education, housing, subsidies and payroll spending as part of its plan to slow inflation pressures by cutting this year’s budget by 50.1 billion reais (S$38.3 billion). Subsidies to the BNDES national development
      Bloomberg  -  415 words
    • 594 12 Bloomberg [SEOUL] South Korea’s exports rose at the slowest pace in five months, raising concern that the economy is losing momentum and giving the central bank less room to raise interest rates. Overseas shipments increased 17.9 per cent from a
      Bloomberg  -  594 words
  • Page 12 Advertisements
    • 96 12 1 m a i) VO rr y u ii t Sup Title Natas Travel 2011 Spring Sensations Holiday Fiesta Travel Malaysia May 2011 Value Vacations Natas Holidays 2011 Autumn Delights Travel Malaysia Nov 2011 HolidayEscapades 20 SPH Travel Supplements Isf&ZBf Feb 24 25 Mar 22 24 Apr 12 14 May
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  • INDIA
    • 622 13 The central bank has raised its benchmark rate seven times in the past year Bloomberg [SINGAPORE] India’s plans to lower income taxes, increase wages, and boost spending risk fuelling price gains that will force the central bank to raise interest rates further.
      Bloomberg; REUTERS  -  622 words
    • 436 13 Bloomberg [NEW DELHI] PernodRicard SA, the maker of Absolut vodka and Chivas Regal whisky, said India may rank among its top three markets in five years, along with the US and China, as rising incomes spur demand for its brands. “India’s
      Bloomberg  -  436 words
    • 399 13 Reuters [NEW DELHI] India’s infrastructure sector output growth picked up in January, indicating industrial growth could be better in the fiscal fourth quarter ending March compared with the three months to December. Output of six key industries expanded 7.1 per cent in January,
      Reuters  -  399 words
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  • GREATER CHINA
    • 665 14 Mainland market may have upper hand in courting yuan listings by foreign firms Reuters [SHANGHAI] Shanghai and Hong Kong look set for a collision course as they seek to attract yuan listings by foreign firms, in a battle where the mainland market may have
      Reuters  -  665 words
    • 332 14 [HONG KONG] Casino revenue in Macau, the world’s largest casino hub, rose 48 per cent in February as Chinese gamblers placed more bets on baccarat and other card games. Gambling revenue for SJM Holdings Ltd, Sands China Ltd and the four other casino
      AP  -  332 words
    • 226 14 AFP [BEIJING] China has tightened its grip over the rare earth industry by setting tough emission limits on miners producing the lucrative metals, which are indispensable to many high-tech products. The emission caps on about 15 pollutants will apply to all industry players
      AFP  -  226 words
    • 314 14 Japan is 2nd largest lender to US, with US$882.3b of bonds Bloomberg [SINGAPORE] China, America’s largest creditor, increased its holdings of US debt to a record US$1.175 trillion in October, according to revised data issued by the Treasury. The Asian nation’s investment totalled
      Bloomberg  -  314 words
    • 466 14 But rising cost pressures add to inflation concerns AFP [BEIJING] Manufacturing activity in China fell to a sev-en-month low in February as overseas orders weakened, but rising cost pressures added to inflationary concerns, an independent survey showed yesterday. The HSBC China Manufacturing
      AFP  -  466 words
  • Page 14 Advertisements
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  • WORLD
    • 603 15 Some analysts doubt the rally, now in its 3rd year, will sustain Reuters [CANBERRA] Chinese and Indian demand will fuel a global commodities price rally for another two years before miners and farmers produce enough metals and grains to restrain the charge, Australian and
      Reuters; REUTERS  -  603 words
    • 420 15 Start-up of major projects will more than double exports Reuters [SYDNEY] Australia’s liquefied natural gas exports are expected to more than double from 18 million tonnes in 2009/10 to 41 million tonnes in 2015/16, with the start-up of several major LNG projects,
      Reuters  -  420 words
    • 272 15 AP [CHRISTCHURCH] Rescue crews switched off their jackhammers and joined in two minutes of silence observed across New Zealand yesterday to mourn as many as 240 people killed in an earthquake exactly one week earlier. Church bells tolled throughout the country at 12:51pm to mark
      AP  -  272 words
    • 663 16 But they may dent economic growth in developing countries: World Bank official Reuters Xinhua [WASHINGTON] A sustained period of higher oil prices would significantly affect developing economies but is unlikely to derail their strong recovery since the financial crisis, a senior World Bank
      Reuters; Xinhua; REUTERS  -  663 words
    • 401 16 LATEST US DATA Bloomberg [NEW YORK] Manufacturing in the US grew in February at the fastest pace since May 2004 as factories added workers and boosted production, indicating more momentum for the expansion. The Institute for Supply Management’s factory index increased to
      Bloomberg  -  401 words
    • 576 16 Reuters [DHAKA] Bangladesh’s central bank piled pressure yesterday on Nobel laureate Muhammad Yunus to quit the microlender Grameen Bank, saying he had to retire and echoing a demand for him to step down from the finance minister. Prof Yunus, 70,
      Reuters  -  576 words
    • 207 16 [SINGAPORE] The results of the inaugural MasterCard Worldwide Index of Financial Literacy have been released, with Singaporean women ranked fifth out of 12 countries in the region. Thai women topped the index with an aggregate score of 73.9, followed ely by New
      207 words
    • 563 16 It is targeted at the wealthy and financial institutions Reuters [SYDNEY] The asset management arm of JPMorgan plans to open its US$10 billion global natural resources fund to wealthy investors and institutions in Asia this year to tap their appetite for commodities and
      Reuters  -  563 words
    • 187 16 Reuters [DUBAI] Abu Dhabi-listed Etisalat’s attempt to buy a stake in Kuwaiti rival Zain for US$12 billion has failed, a Zain source said, after the deal’s architect walked away. National Investments Co (NIC), the investment firm owned by Zain’s major shareholder Kharafi Group, yesterday
      Reuters  -  187 words
    • 587 18 Decline in Feb is the second-largest since Europe’s fiscal crisis in May last year Bloomberg [LONDON] Corporate bond sales worldwide fell 28 per cent in February, the se-cond-biggest decline since Europe’s fiscal crisis roiled markets last May, as turmoil in North Africa
      Bloomberg  -  587 words
    • 551 18 Bloomberg [CAIRO] Egypt’s benchmark stock index may extend losses that made it the world’s worst performer this year after a month-long suspension ends on Sunday amid political unrest in the Middle East. The EGX 30 Index slid 16 per cent in the week
      Bloomberg; AP  -  551 words
    • 419 18 Bloomberg [WASHINGTON] Baidu Inc and Alibaba Group Holding Ltd’s Taobao, China’s biggest Internet search engine and retailer, were named “notorious markets” by the US Trade Representative (USTR) for helping sustain piracy and counterfeiting. The two Chinese companies were among more than 30
      Bloomberg; BLOOMBERG  -  419 words
    • 577 18 Oil firms welcome first approval after Gulf of Mexico spill Reuters [HOUSTON] US regulators on Monday granted the first deepwater drilling permit since the massive US Gulf of Mexico oil spill last April that prompted the Obama administration to impose a drilling moratorium. The US
      Reuters  -  577 words
    • 546 18 Bloomberg [DUBAI] The best start to a year for sukuk sales since 2007 is being jeopardised by the political turmoil sweeping the Middle East, according to the leading underwriters of Islamic bonds. Global sales of Syariah-compliant bonds surged to US$2.8 billion in
      Bloomberg  -  546 words
    • 628 19  -  PM still faces battle to win passage of bills needed to finance the budget By ANTHONY ROWLEY in Tokyo EMBATTLED Japanese Prime Minister Naoto Kan’s government managed to push a US$1 trillion budget for fiscal 2011 through the Lower House of parliament yesterday. However,
      REUTERS  -  628 words
    • 544 19 Bloomberg [NEW YORK] Warren Buffett, the 80-year-old chief executive officer of Berkshire Hathaway Inc, added a name to a list of potential successors a year after his US$26.5 billion railroad takeover brought manager Matt Rose to the firm. Mr Buffett placed Mr Rose, CEO of Burlington
      Bloomberg  -  544 words
    • 312 19 NYT [NEW YORK] Jane Russell, the voluptuous actress at the centre of one of the most highly publicised censorship episodes in movie history, the long-delayed release of the 1940s western The Outlaw, died on Monday at her home in Santa Maria, California. She
      NYT  -  312 words
    • 342 19 Reuters [NEW YORK] Citigroup Inc could write down some US$5 billion to US$10 billion in expected future tax benefits if the United States decreases corporate tax rates, veteran banking analyst Mike Mayo estimated on Monday. Any writedowns linked to the proposed
      Reuters  -  342 words
    • 464 19 Bank cites Asia’s faster growth for extra 5-point ROE Bloomberg [HONG KONG] HSBC Holdings Plc said Asian operations can sustain return on equity of as much as five percentage points above the lender’s global target as growth outpaces other regions. Return on equity
      Bloomberg  -  464 words
  • Page 15 Advertisements
    • 96 15 MARKETS get thinking FX/CFD trading The more you trade the more you save. Orders ljAlerts I[Activity j Tickets 0MARKETS E Watchusts indices scraa SO snxtto »nsf*oi» s X-9KU, 086 f S-M- f,',r -IS, Pf "'oo P °*'tion 'ype E? tin,,, Ute Enjoy automatic rebates every month. Make huge savings on
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  • Page 16 Advertisements
    • 39 16 How much impact 油价攀高 does the recent oil price hike have on the local listed companies? 对本地上市公司冲击有多大 To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      39 words

  • FOCUS: LIBYA
    • 595 17 Attempts to re-take key cities fail; US, EU freezing Libya’s foreign assets AP Reuters [TRIPOLI, Libya] Government opponents in rebel-held Zawiya repelled an attempt by forces loyal to Moammar Gaddafi to retake the city closest to the capital in six hours of fighting overnight, witnesses said
      AP; Reuters  -  595 words
    • 512 17 But there are signs the West may lend a hand to the poorly trained forces AP [BENGHAZI, Libya] They have little ammunition, their equipment is old and outdated and their fighters are poorly trained. Even though they boast of tanks, army bases
      AP  -  512 words
    • 260 17 AFP [TRIPOLI] Libyan leader Muammar Gaddafi on Monday insisted his people loved him but was slammed as “delusional” as the United States slapped a record-breaking US$30 billion in sanctions on his brutal regime. US and European leaders weighed the use of Nato
      AFP  -  260 words
  • Page 17 Advertisements
    • 331 17 ESPLANADE PRESENTS WITH MuSIC www.mosaicmusicfestival.com .AO' 14 Mar 2011 Mon 7.30pm Midon "Michel Camilo give shi s piano a real workout: athletic rhythms 'Charlie Hade ffibSAIC MUSIC FESTIVAL SINGAPORE X 11 -20 Mar 2011 I A Canon Evening its*.. v, X SjM 20 MM 2011 Sun 8pm I Gotan I
      331 words

  • Page 18 Advertisements
    • 822 18 MATS NOTICES IN THE MATTER OF COMPANIES ACT, CAP 50 CROWNSVILLE DEVELOPMENT PTE LTD (REG. NO. *****2525D) (IN VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap 50 the Final Meeting of the Company will be held at 101 Cecil Street #16-05 Tong
      822 words
    • 17 18 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements SATS NOTICES
      17 words

  • Page 19 Advertisements
    • 404 19 w WATS NOTICES IN THE MATTER OF COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SINGAPORE COMPONENT PTE LTD REG. NO. *****2970N (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that the Final General
      404 words
    • 652 19 WATS NOTICES In The Matter Of The Companies Act, Cap. 50 And In The Matter Of 1) ADVENTURE LEARNING CHANNEL PTE LTD Company Reg. No. *****9430Z 2) ADVENTURE LEARNING CHANNEL WORLDWIDE LIMITED Company Reg. No. *****6902M Notice of Creditors’ Meeting Pursuant To Section 296 Of The Companies Act, Cap. 50
      652 words

  • TransportHUB
    • 930 20  -  Shippers or carriers? Container shipping is now very much a game for the big boys only STRAIT TALK By DAVID HUGHES FOR the benefit of anybody who has spent the last couple of weeks wandering the Himalayas with no contact to the outside world, AP
      930 words
    • 474 20 Reuters [LONDON] Crude oil tanker earnings on the key Mediterranean route jumped to their highest in nearly three months as violence in Libya raised premiums on shipments. Muammar Gaddafi’s forces have been trying for days to push back a revolt that has won over
      Reuters  -  474 words
    • 317 20 Reuters [SINGAPORE] The cost to ship goods on container ships could begin to spike as early as April due to an expected shortage of boxes and limited inland transportation capacity, a senior industry executive said yesterday. Soaring oil prices above
      Reuters  -  317 words
    • 349 20 Earlier last month, the index reached its lowest in two years Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, inched higher but activity remained weak due to weather related disruptions in
      Reuters  -  349 words
    • 213 20 AFP [COPENHAGEN] Indian Ocean pirates have captured a yacht with seven Danes including three children aboard and are sailing toward Somalia, the Danish foreign ministry said. The sailboat captured on Thursday was carrying a Danish family of five and two employees, Charlotte
      AFP  -  213 words
    • 278 20 SGX '000 Mar 1 S$ +/-Vol CH Offshore 0.47 -0.01 76 Chuan Hup Hldg 0.24 unch 153 Cosco Corp 2.04 0.08 ***** CWT Ltd 1.24 0.05 4520 Ezra Hldgs 1.62 0.06 4633 First Ship Lea 0.43 0.01 705 Freight Links 0.07 unch 392 Grand Banks unch unch 0
      278 words
    • TRANSPORT HUB: AVIATION
      • 307 21 Firm is also in talks to sell equipment for manned space missions Bloomberg [NEW DELHI] Boeing Co, the second-biggest US defence contractor, is seeking to help India develop a me-dium-fighter jet to boost sales in a defence market it expects to be
        Bloomberg; AFP  -  307 words
      • 221 21 Bloomberg [SINGAPORE] China Aviation Industry General Aircraft Co agreed to buy Cirrus Industries Inc, the maker of the world’s best-selling four-seater plane, to help boost sales in the US and other overseas markets. The transaction will be completed by about the middle of
        Bloomberg  -  221 words
      • 226 21 JETSTAR blamed mistakes in Changi Airport Group’s (CAG) departure notices and its own changes in its seasonal schedules for dozens of flight cancellations this week. This was in response to BT’s queries about what seemed like a dozen cancelled Jetstar
        226 words
      • 356 21 NYT [NEW YORK] Residents of some of America’s smaller cities may face a tough choice in the future: Pay increasingly high fares to board a plane close to home or drive farther to a bigger airport with lower ticket prices. While
        NYT  -  356 words
      • 3411 21 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi KU6457 1230 SQ456 1245 SQ457 1230 EY470 2200 VA7470 2200 Adelaide LH9771 1745 9W4082 2220 SQ278 1745 AF8088 2220 VS7278 1745 BA7382 2220 JL5083 2220 MU8214 2220 QF82 2220 LH9770 2350 SQ279 2350 VS7279 2350 Ahmedabad NH6293 0710 SQ531
        3,411 words
      • 355 21 AFP [WASHINGTON] Europe’s EADS said it was “evaluating” US Air Force information on Boeing’s win of a massive aerial tanker deal but did not say whether it planned to appeal the decision. “The EADS North America team has met with the Air Force,
        AFP  -  355 words
    • TRANSPORT HUB: LAND
      • 537 22  -  They say clean diesel technology can help to reduce CO2 emissions here Reports by SAMUEL EE MODERN diesel engines emit less carbon dioxide (CO2) than petrol units, so some carmakers say they don’t understand why diesel is being “punished” with a higher road tax here.
        TAN MENG CHOON  -  537 words
      • 449 22 The company’s Mustang was the No 1 sports-car pick Bloomberg [WASHINGTON] Ford Motor Co improved the most since last year in Consumer Reports’ annual carmaker rankings, bolstered by reliability for resale value, the magazine said. Ford received 67 points out of 100, according to results released
        Bloomberg  -  449 words
      • 416 22 SOME competitors believe the German car distributors are pushing for diesel because they have an advantage with their wider model line-up to expand sales. But Porsche says this isn’t true. “I am sure all car brands are interested in selling more cars in Singapore
        416 words
      • 521 22 Reuters [GENEVA] Ford Motor Co’s financial chief wants carmakers in the European market to adopt “rational” behaviour and put an end to incentive rates he sees as excessive. “We’d like to see a more rational marketplace,” chief financial officer Lewis Booth
        Reuters  -  521 words
      • 894 22 Trucks, sport-utility vehicles continue to drive sales Bloomberg [MICHIGAN] US car sales in February may approach the fastest pace since the government’s “cash for clunkers” programme as rising consumer confidence spurs purchases. Light-vehicle deliveries may have run at a 12.5 million annual
        Bloomberg  -  894 words
  • Page 20 Advertisements
    • 99 20 HALL 401, SUNTEC SINGAPORE March 1 3, 2011 10:00 TO 18:00hrs www.bairdmaritime.com IS ALL IT TAKES TO CONTACT: ASIAN WORK BOAT 2011 EXHIBITION BUT,WITHSOMUCHTOSEE,ONEVISITSURELYWON’TBEENOUGH. ENTRY IS FREE– All Welcome! Donʼt miss the FREE PRODUCT PRESENTATION SEMINARS. Check our website for latest details. www.asianworkboat.com Aquaculture Support Boats Assault Craft Dredgers Ferries
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  • Page 21 Miscellaneous
    • 283 21 CRYPTIC CROSSWORD Across 1 Fitting customer means endless alteration (12) 8 Beginning last of Himalayan climb (7) 9 Tramp taking Independent papers (7) 11 One makes one cross from time to time (7) 12 Husband in wrong till party (7) 13 Become brown before ballroom dance (5) 14 A battle
      283 words


  • FOCUS: BUDGET SPEECH
    • 2990 23 The national drive has made a good start with unions, industry associations and companies joining in, but many more need to do so Reproduced here are excerpts of Deputy Prime Minister Teo Chee Hean’s Budget Speech Update on National Productivity Drive MR Speaker, Sir, 2010 was a
      YEN MENG JIIN  -  2,990 words

  • EDITORIAL & OPINION
    • 470 24 EDITORIAL THIS year’s Budget basket of goodies includes more carrots to draw businesses further along the road to higher productivity; plus one notable stick a proposed increase in the foreign worker levies that has quickly drawn considerable attention. Certainly, debate on the details of the various
      470 words
    • 771 24  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 THE so-called Jasmine Revolution sweeping North Africa and the Middle East has caught the world’s attention and there are now attempts to spread the
      771 words
    • 1118 24  -  Fiscal deficit projections ignore pressure from rising oil prices, cost of social programmes YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT INDIA’S national budget is the most important annual event in its financial calendar. The exercise is the occasion
      REUTERS  -  1,118 words
    • 1316 25  -  Lawmakers are looking at setting up a new party which could become a ‘grand coalition’ in all but name ANTHONY ROWLEY Tokyo Correspondent THE possibility that the Japanese government could be “shut down” by a failure of Prime Minister Naoto Kan to get Budget-related financing Bills
      BLOOMBERG, AFP  -  1,316 words
    • 1071 25  -  Even efficiency gains can lead to more jobs if the cost savings are ploughed back into the economy By ANNA TEO THE one area where the Singapore government is going furthest in putting its money where its mouth is is arguably in getting everyone
      1,071 words


  • SINGAPORE STOCKS
    • 9069 26 Transaction date: Mar 1 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 21 14.5 3148 8Telecom 17.5 unch 200 17.5 17 17 17.5 7.8 3.5 3.7 83.8 12 4.5 5834
      9,069 words
    • 1685 27 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 7 4 1181 t AA Grp 4.5 4 5 21.4 4.3 225 130 6222 t APStrategic 164 158 164 97.3 1.5 0.5
      1,685 words
    • 9535 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.33/ APS Alpha Fund (USD)!** 1.05/ APS Alpha Fund Cl B SGD!** APS Alpha Fund Cl B USD!** AXA Life Secure Ascent 2020 Fund 0.9239/0.9239 AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund
      9,535 words
    • 253 27 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 $mil 56 38 6000 AVJennings A53cd 50 57 3.6 6.6 4.2 138 55 16 6017 Genting HK US$ US38.5 +2 ***** 39 37 38 38.5 2535
      253 words
    • 879 27 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 $mil 124 108 6389 ABF SG Bond ETF 110 110.1 111 502.1 1070 761 CIMBAsean40 100US$ US1008 1003 1043 40.3 350 270 DBS STI ETF
      879 words
  • Page 26 Advertisements
    • 66 26 FRANCK MULLER BOUTIQUE 01-07 ION ORCHARD (65) 6509 3380 B1-19 THE SHOPPES AT MARINA BAY SANDS (65) 6634 8825 SINCERE FINE WATCHES NGEE ANN CITY (65) 6733 0618 LUCKY PLAZA (65) 6737 4593 SUNTEC CITY (65) 6337 5150 THE SHOPPES AT MARINA BAY SANDS (65) 6634 9782 VIVOCITY (65) 6278
      66 words


  • FINANCE & COMMODITIES
    • 374 28 In local curr In S$ In US$ dy yr dy yr dy yr Feb 28 Index Change Change Change Change Change Change World Index Preliminary 938.9 0.5 4.6 0.5 4.7 0.7 5.5 EAFE Preliminary 830.6 0.6 3.7 0.8 4.6 1.0 5.5 Europe Preliminary 1213.1 0.6
      374 words
    • 177 28 Mar 1 $S Offer Bid 0vernight 0.02 par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.02 US$ Offer Bid 7 days 0.32 0.22 1 month 0.40 0.30 2 months 0.43 0.33 3 months 0.46 0.36 6 months 0.60 0.50 9 months 0.80 0.60 12
      177 words
    • 22 28 Mar 1 S$ Bid Offer 1-month 1.2698 1.2709 2-months 1.2696 1.2706 3-months 1.2693 1.2704 6-months 1.2685 1.2696 Source: OCBC
      22 words
    • 140 28 Mar 1 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Apr 11 604.5 604.5 602.0 4 May 11 605.0 604.5 602.0 14 Jun 11 604.5 604.5 602.0 2 Jul 11 598.0 Aug 11 590.0 Sep 11 572.0 Oct 11
      140 words
    • 75 28 Mar 1 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 02.06.2011 0.34 1-Year BY*****N 01.11.2011 0.40 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.45 102.5 102.5 5-Year N*****0S 2.875 01.07.2015 107.31 10-Year NY*****N
      75 words
    • 107 28 Feb 28 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 11 1357.25 1365.50 1372.25 1349.50 May 11 1364.75 1375.00 1380.25 1357.75 Jul 11 1372.25 1382.75 1387.75 1365.75 Aug 11 1359.00 1368.00 1363.50 1354.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 11 56.77
      107 words
    • 77 28 CRUDE OIL PRODUCTS Feb 28 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 112.96 0.78 WTI (Near Mth) 97.00 -1.35 Dubai (1-Mth F) 106.36 -0.21 Tapis blend 116.59 0.13 Minas 112.49 -0.17 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.17 2.39 Jet Kerosene 128.95 2.30 US$/barrel Opec Oil
      77 words
    • 2635 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 24 1 228 1 10 -7 1.52 56 6221 Asia-Pacific Strat W*****6 32 1 150 11 5.13 38 6227 ASJ Hldgs W*****1 3 1 4 27
      2,635 words
    • 121 28 Mar 01 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.337 1.262 Can dollar 1.333 1.282 Euro 1.788 1.72 Sterling pound 2.107 2.026 NZ dollar 0.984 0.938 US dollar 1.29 1.241 Local dollars to 100 units of foreign
      121 words
    • 27 28 Mar 1 Open High Sett STI Mar 3063 SIMSCI Mar 353.9 361.9 361.6 Taiwan Mar 310.7 311.1 310.6 Source: MF Global (S) Pte. Ltd
      27 words
    • 64 28 Mar 1 K1CE PALM FUTURES (RM/MT) Delivery Opening Sett Month Ranae Price Av Price Hioh low Vol Done Open Position Mar 11 3580 3609 3609 3580 60 3369 April 3528 3578 3592 3489 1701 ***** May It 3450 3546 3562 3450 ***** ***** Jun 11 3430 3528 3534
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    • 460 28 Mar 1 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.6850 0 4827 Jun11 99.6400 0 2607 Sep11 99.5450 0 3214 Dec11 99.3750 0 2825 EUROYEN TIBOR FUTURES Mar11 99.6625 0 6006 Jun11 99.6525 350 1422 Sep11 99.6450 0 766 Dec11 99.6250 99.6250 99.6250 99.6300 0
      460 words
    • 464 28 Mar 1 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.987 6.673 0.736 7.913 45.779 89.593 0.835 11.417 3.087 1.353 87.043 44.139 1.291 7.067 0.946 30.078 31.060 0.624 1.016 Canada 1.013 6.763
      464 words
    • 85 28 Mar 1 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 33 28 Mar 1 GOLD (USS/oz) Feb 28 Mar 01 Hong Kong 1409,00 *****0 Feb 25 Feb 28 London 1408,32 1414.70 1409.09 1415.40 Source. Thomson Reuters Source: UOB Source: Thomson Reuters Source: Bloomberg
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    • 71 28 Feb 28 Feb 28 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2569.25 2535.00 3 months 2600.00 2565.00 Copper, Grade A (US$/tonne) Cash 9879.50 9766.00 3 months 9885.00 9760.00 Lead (US$/tonne) Cash 2573.25 2527.00 3 months 2562.00 2517.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • 82 28 Feb 28 COCOA (£/tonne) Close Prev High/Low Mar 11 2392 2378 2406/2369 May 11 2381 2368 2385/2359 Jul 11 2308 2295 2310/2291 Sep 11 2280 2246 2280/2241 COFFEE (US$/tonne) Close Pev High/Low Mar 11 2339 2288 2353/2295 May 11 2384 2339 2396/2345 Jul 11 2393 2348 2405/2354 Sep 11
      82 words
    • 154 28 Mar 1 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2900 1.2914 1.0157 1.0160 Canadian dollar 1.3075 1.3088 1.0294 1.0297 Euro 1.7532 1.7550 1.3804 1.3807 NZ dollar 0.9528 0.9546 0.7502 0.7510 Sterling pound 2.0675 2.0696 1.6278 1.6282
      154 words

  • 5736 29 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN 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 Camden/New Orleans/Tampico Destination COMMODORE
    5,736 words
  • Page 29 Advertisements

  • Page 30 Advertisements
    • 44 30 Experienced a Can they Stlfp maintenance find your services services wanted. here in the Shipping Times? r FREIGHT FORWARDER urgently needed by shippers 1 Can they find your here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327
      44 words
    • 18 30 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES SHIPPING TIMES
      18 words

  • executive Money
    • 1566 31  -  There are two low-cost ways to solve our problem of a declining population and to enhance our national happiness MONEY MATTERS JOSEPH CHONG The writer is CEO of financial adviser New Independent. He welcomes feedback at josephchong@ni. com.sg DEMOGRAPHICS are an important investment trend. Warren Buffet
      FILE PHOTO; Source: Forbes  -  1,566 words
    • 1073 31  -  By WHITNEY KISLING and By JENNIFER A JOHNSON Bloomberg METALS, crops and fuel beat stocks, bonds and the US dollar for a third straight month the longest stretch since June 2008 as inflation lifted cotton and cocoa prices, and investors speculated that violence in the
      Bloomberg; AP, REUTERS  -  1,073 words
    • 643 32  -  Asian currencies’ likely appreciation is another opportunity that can be tapped through Asian local-currency bonds, reports GENEVIEVE CUA IN a “new normal” environment of muted economic growth, investors should seek to reap a “safe spread” from assets such as high-yield and emerging-mar-ket bonds.
      643 words
    • 719 32 They are a victim of their own recent success, say analysts NYT [NEW YORK] Late last year, when demand for emerging market stocks reached new heights, investors viewed the threat of global inflation as yet another reason to keep betting on them. That’s
      NYT  -  719 words

  • Page 32 Advertisements
    • 254 32 JPMorgan Global Natural Resources Fund We believe there's only one natural choice for Singapore investors. JPMorgan Global Natural Resources Fund offers easy access to a broad range of energy, metals and mining stocks in a single fund. As the world turns to nature to drive growth, make sure your investment
      254 words
    • 8 32 MONEY MATTERS Demographics, fertility and happiness PAGE 31
      8 words