The Business Times, 7 March 2011

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Total Pages: 28
1 28 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Monday, March 7,2011
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  • 912 1  -  Planned for S’pore is a stock exchange that rides on a growing financial trend in West By TEH SHI NING [SINGAPORE] Asia’s first full-fledged social stock exchange could be up and running in Singapore by early next year. And while details get
    AFP  -  912 words
  • 618 1  -  24.4% of them obtained a second loan, 15.1% a third or more mortgage By EMILYN YAP [SINGAPORE] As many as 15.1 per cent of individuals who obtained a new property loan last year were already holding two or more outstanding
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  • 157 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST INDEX 3,061.31 +36.15 KL COMP 1,522.61 +33.34 NIKKEI 225 10,693.66 +166.90 HANG SENG 23,408.86 +396.49 SET INDEX 995.91 +10.00 JAKARTA COMP 3,542.90 +99.37
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  • Page 1 Advertisements

  • TOP STORIES
    • 541 2 To market, to market with a social conscience ASIA’S first full-fledged social stock exchange could be up and running in Singapore by early next year. And while details for that get ironed out, the organisation behind it will launch on March 31 an online portal to matchmake keen
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    • 680 2  -  One UBS estimate sees industry hitting US$500b-1t in AUM in 5-10 years By LINETTE LIM [SINGAPORE] Last month, US President Barack Obama proposed setting aside US$100 million for ‘Pay for Success bonds’. Earlier, in the UK last year, David Cameron’s administration sold £5
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    • 438 2 Lower cost, ease of ops among factors favouring shift AFP [LONDON] Asia-focused banking giant HSBC is considering quitting London for Hong Kong in a shock move, said The Sunday Telegraph yesterday. Britain’s biggest bank, which has been headquartered in London
      AFP  -  438 words
    • 248 2 China wealth fund returns top 11 Reuters [BEIJING] China Investment Corp (CIC) made a return of over 11 per cent on its overseas investments in 2010, a senior executive at the US$300 billion sovereign wealth fund (SWF) said here yesterday. “Our return on overseas investments last year roughly matched that
      Reuters  -  248 words
    • 800 4  -  Boehringer moves to support jump in clinical research work in the region By CHEN HUIFEN [SINGAPORE] German pharmaceutical firm Boehringer Ingelheim (BI) is on the prowl for more headcount for its regional headquarters in Singapore, with a view to support the growing amount
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    • 610 4 Hike will help strong states but deepen stragglers’ woes AFP [FRANKFURT] A huge European Central Bank hint at a rate hike next month jolted markets and highlighted the ECB’s predicament faced with rising inflation and a three-speed eurozone recovery. “The contrast between financial
      AFP; PHOTOS: AP, BLOOMBERG  -  610 words
    • 634 4  -  Still, many analysts bullish over US market’s prospects this year WALL STREET INSIGHT By ANDREW MARKS By in New York THE long-awaited arrival of jobs growth shifting into higher gear appears to have finally arrived for the US economy but that welcome
      BLOOMBERG  -  634 words
  • Page 2 Advertisements
    • 336 2 s 2/) Institute of Higher Learning presents The Maven Series Strategic Thinking and m Action 13-15 April 2011 8.30am 5.30pm Grand Hyatt Singapore > Develop innovative skills, techniques and thinking processes essential to set, lead and execute strategies. Learn from experiences of best-practice organisations by aligning your organisational culture with
      336 words

  • Page 3 Advertisements
    • 106 3 SARASIN From Every Angle we Offer a Distinct Perspective on Wealth. We've spent some 170 years crafting distinctive private banking solutions. Bank Sarasin cherishes a balanced and sustainable approach not only in terms of growth, resources and investing, but to expertise that has been trusted for generations. Bank Sarasin offers
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  • Page 4 Advertisements
    • 61 4 X,, Singapore Symphony Orchestra Saturday 2ncTApril 2011 Shangri-La Hotel The SSO celebrates 32 years as Singapore's national orchestra in a one-night-only dinner performance with Frances Yip and Singapore's World Champion chefs. SINGAPORE SYMPHONY ORCHESTRA Table prices start at $5,000. All proceeds will benefit the SSO, a not-for-profit organisation. For enquiries
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  • COMPANY NEWS
    • 887 5  -  Analysts shed light on an issue close to the heart of many S-chip investors By LYNETTE KHOO ALLEGED mishandling of funds at some China-linked companies of late have cast a spotlight on how embezzlement is defined under Chinese laws. That’s giving rise to
      887 words
    • 338 5  -  By EMILYN EMILYN YAP A PRIVATE equity firm set up by former employees of a Chinese investment bank has made a $351.25 million voluntary conditional cash offer for listed water treatment company Sinomem Technology Limited. Sinomem announced the takeover bid from Clean Water Investment on
      338 words
    • 84 5 THOUSANDS of cyclists got up bright and early yesterday to take part in OCBC Cycle Singapore 2011, a bicycle race billed as one of the biggest in the country. The 40km Nissan Challenge alone attracted more than 5,700 cyclists. Over 1,000 riders also participated in a
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    • 555 7  -  It cites volatile market, HPH Trust offering as reasons for shelving IPO By EMILYN YAP PERENNIAL China Retail Trust (PCRT), which on Saturday announced the deferment of its proposed initial public offering, is looking to cut the amount of equity to
      FILE PHOTO  -  555 words
    • 403 7 Mar 4 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of
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    • 189 7 COMPANY MEETING PLACE DATE TIME Qingmei Grp E VIP Lounge A, Level 4 Raffles City Convention Centre, Fairmont Singapore, 80 Bras Basah Road, Singapore *****0 07-Mar 10.00am Qian Hu Corp A No. 71 Jalan Lekar, Singapore *****0 11-Mar 11.00am Jasper E GV Vivocity, 1 HarbourFront Walk, #02-30 Vivocity,
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    • 409 7 Bloomberg AFP [SYDNEY] Singapore Exchange Ltd, pursuing a takeover of ASX Ltd, said the deal would help companies trading on the Australian stock exchange attract money to expand. “We need to help listed companies’ investors get easier and cheaper transactions,” chief executive
      Bloomberg; AFP  -  409 words
  • Page 5 Advertisements
    • 132 5 The Oxford Advanced Management and Leadership Programme “The year after the programme, we recorded a profit for the first time in five years. I would say that at least 80% of this can be attributed to the programme. Besides knowledge, the programme gave me confidence and it provided me with
      132 words
    • 161 5 Sisa Ssssl Ay. I w M Vk w inuM vx ''"%SKGr\\ y ■■■■■Ik ■■■■gill. 3SRS \i, V fcj ov^if soo^ Serviced Offices A cost effective Serviced Office solution Best address, best receptionist, best IT and support Flexible lease terms starting from one month For less than the cost of a
      161 words

  • SINGAPORE MARKETS
    • 453 6 CURRENCIES Bloomberg [NEW YORK] The euro last week climbed the most against the US dollar in six weeks as the European Central Bank (ECB) said it may raise interest rates next month, while Federal Reserve officials signalled the US economy
      Bloomberg  -  453 words
    • 576 6  -  COMMODITIES By TIMOTHY TIMOTHY MORGE The writer is a CME member and independent trader. He actively trades CME Group products and teaches his trading methodology at www.marketgeometry.com EVERYONE is talking about oil now: Will oil stay above US$100 a barrel? Should I buy oil here?
      576 words
    • 610 6  -  STOCKS R SIVANITHY Senior Correspondent THE market’s response to fluctuations in oil and the turmoil in the Middle East over the past few weeks has been basically to say: “We don’t know where all of this will end but it sure makes for a bumpy
      610 words
    • 1521 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Properties 2.73 2.58 11 13.65 7.84 1.33 1.07 Amtek Engg 1.75 1.67 4 13.81 8.19 1.61 1.13 ARA Asset Mgt 1.75 2.25 4 9.80 17.76 1.81
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    • 4 6 WEEKLY
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    • 66 6 Mar 4 VALUE CLOSE BT OB/OS -620.00 +58.00 BT CADI -*****.00 +78.00 BT 10-day MA -*****.00 -62.00 FTSE ST Mid Cap 761.57 +4.71 FTSE ST Small Cap 549.16 +2.56 FTSE ST All Share 756.39 +5.58 FTSE ST China Top 268.74 +1.49 FTSE ST China 303.09 +4.26 FTSE
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    • 58 6 VOLUME Golden Agri 643,119,000 Dyna-Mac 390,948,000 Genting SP 378,623,000 Noble Grp 236,634,000 GMG Global 129,129,000 Sapphire 118,489,000 *Genting HK US$ 117,761,000 Olam 117,416,000 Cosco Corp 109,340,000 SingTel 95,290,000 VALUE($) Genting SP 739,131,849 Noble Grp 509,311,750 Golden Agri 439,819,739 DBS Grp 376,806,549 Keppel Corp 335,856,742 Olam 322,972,797 UOB
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    • 110 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 837.4 5.6 JMH 4800 375.0 6.6 DBXT AUD Bonds 5AU$ ***** 257.9 1.3 DBXT MSKorea 10US$ 5839 228.0 3.2 GLD 10US$ ***** 211.6 1.2 JSH 2822 167.2 4.9 Jardine C&C 3536 164.0 4.9 DBXT FTChina25 10US$ 3147 153.3 4.0 DBXT MSAsExJp
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    • 118 6 BY CENTS CLOSE DOWN DBXT FTVietnam 10US$ 3194-216.6 -5.1 UOB 5.05%NCPS 100 *****-144.0 -1.4 DBXT S&P Short 10US$ 4246-111.5 -2.0 IS S&P500 ***** -81.1 -0.5 Pru 500US$ 1112 -65.9 -4.5 DBXT S&P500 10US$ 2054 -43.1 -1.6 SIA.ES.1103 1342 -26.0 -1.9 SIA 1362 -24.0 -1.7 SGX 778 -22.0 -2.8 SGX.ES.1103
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    • 5 6 WEEKLY
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    • 1467 8  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director at Asia Insider Ltd THE buying remained high while the selling among directors rebounded last week, based on filings on the Singapore Exchange from Feb 28 to March 4. Buyers outweighed sellers, with
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  • Page 6 Advertisements
    • 91 6 HPT Phillip Futures Bringing Global Markets Closer to You www.phillipfutures.com.sg 6538 0500 08 Brought to you by Phillip Futures Pte Ltd (A member of PhillipCapital) i?t i ii i M Co. Reg. No: *****5695G The above information does not constitute an investment advice, an offer/solicitation to buy/sell the above mentioned
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  • Page 7 Advertisements
    • 551 7 File l.ayoiit '»i .'II11 n s YOUR CUSTOMIZED PORTFOLIO Help ffools Quotes Ticker Tr.nlc i S Strategy Scanner Last Trad* Change 1 0000 48-2654 PETHK5TEST Using Settled Cnali: Using Unscttlod Cash: Today's Realized Gain: $0.00 $0.00 $0.00 0 DJIA 10.S73.68 1.66 0.02%) X OIIASDAO 2.301.09 ("l I SSP500 A 1.137.14
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  • Page 8 Advertisements
    • 259 8 Sen ercator .ines (Singapore) Ltd r Lines (Sii FJ B qcific Ltd ss Limited Interra Resource cations ransportatior, Ltc iMulti-C enjamin Singapore Technologies Engineering CapitaRetail China Trull SoilbLliJu GrOLtl Ascott Residence TrustJat JHOnq. HolclllTl Rotating,neenpgMjffge ?nca rie ,ve Ltd Ascott Group Limited china bnersa impanvLtdQian Hu Corporation Lial )nal 1_tc|Chosen
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  • SINGAPORE NEWS
    • 540 9  -  They include LNG spot trading, import of LPG for crackers, bunkering for ships By RONNIE LIM SINGAPORE which will start importing liquefied natural gas from early 2013 to diversify its gas supplies for power plants and industries here is building flexibility into
      540 words
    • 281 9 Capable MPs in their own right, they bring useful perspective FEMALE candidates are a critical part of the People’s Action Party team and the PAP looks to field capable women in every election, said Deputy Prime Minister Teo Chee Hean yesterday. “Every election,
      281 words
    • 1590 9 Payment Ex Books Pay Ann (cts) date close date date Action Asia ak 1.000 06-May 10-May 20-May 25-Feb Adampak Ltd ak 2.000 09-May 11-May 26-May 02-Mar Adv Integrated Mft an 0.330 20-May 24-May 06-Jun 28-Feb AEI Corp an 1.000 06-May 10-May 20-May 23-Feb AIMS Amp Cap Ind Reit
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  • Page 9 Advertisements
    • 270 9 Wi III ■;P m I m m rvi s*. -.'A, m If"' 1 T Buy/Sell Amount v Order type {Sr* 1 Price Duration sf n i r s* a There are opportunities in every market. The challenge is discovering where they are. Intelligent investors use Saxo's leading trading and advanced
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  • VIEWS FROM THE TOP
    • 3237 10 THIS WEEK’S TOPIC What are the most original and inspiring ideas you’ve come across for making a positive difference to your business and/or society? Do you have an innovative idea for improving Singapore business/society that you would love to see implemented? Yaj Malik Area Vice-President, Asean
      STOCK.XCHNG  -  3,237 words

  • Page 11 Advertisements
    • 66 11 la k Exclusively At SINGAPORE KUALA LUMPUR JAKARTA BANGKOK PARMIGIANI HERITAGE IN THE MAKING THE TONDA HEMISPHERES COLLECTION Entirely manufactured in Les Ateliers Parmigiani in Switzerland PARAGON T: (65) 6333 6663 MARINA BAY SANDS T: (65) 6688 7777 STARHILL GALLERY T: (603)2141 3131 GALLERIA GRAND HYATT T: (6221 3983 881
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 874 12  -  It’s crucial that vendors invest the time, effort and money to maintain the relationship, says STEVEN SAXTY The writer is general manager of Grass Roots Asia Pacific (www.grassroots.com.sg), a business improvement company CHANNELpartnersare a critical extension of any corporation’s sales force. Also known as dealers, franchisees,
      874 words
    • 1032 12  -  SMU students take part in HR competition although they have minimal understanding of the subject CAMPUS LIFE By BENJAMIN LOH The writer, a third-year accountancy student, was also the team’s leader AUTHOR John W Holt once said: “If you’re not making mistakes, you’re not taking
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  • Page 12 Advertisements
    • 249 12 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors’ Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      249 words

  • ECONOMY WATCH
    • 561 13 Economists cite job growth and more seasonable temperatures Bloomberg [WASHINGTON] US retail sales probably climbed in February by the most in four months, spurred by job growth and more seasonable temperatures, economists said. The projected one per cent
      Bloomberg; AFP  -  561 words
    • 337 13 Reuters [BERLIN] Countries that share the euro currency must grant debt-strapped Greece and Ireland easier terms on loans they have provided, European Monetary Affairs Commissioner Olli Rehn told a German newspaper. In comments to be published in today’s edition of Handelsblatt
      Reuters  -  337 words
    • 344 13 AFP [CARDIFF] The forthcoming British Budget will be the most pro-growth for a generation, backing entrepreneurs and slashing business red tape, Prime Minister David Cameron said yesterday. As he prepared to speak at his governing Conservative Party’s spring conference in Cardiff, Wales, Mr Cameron said that
      AFP  -  344 words
  • Page 13 Advertisements
    • 42 13 18-PUB-HK-6422 One string for each note Seven strings in harmony Investment Solutions: AXA Investment Managers’ Melody www.axa-im.com AXA Investment Managers Asia Limited Suites 5701-4, One Island East 18 Westlands Road Quarry bay Hong Kong Tel.: +852 2285 2000 Fax: +852 2285 2999
      42 words

  • MALAYSIA/INDONESIA
    • 558 14  -  Saga of late traffic fine payment shows resolve is needed MALAYSIA INSIGHT PAULINE NG KL Correspondent QUEUES snaked out of police stations and post offices while network systems were overwhelmed last week as traffic offenders in their thousands rushed to settle outstanding
      558 words
    • 486 14 Questions raised about central bank’s willingness to fight inflation Bloomberg [SINGAPORE] As Bank Indonesia kept interest rates unchanged while highlighting rising price pressures, some economists have questioned its inflationfighting credentials. The central bank left its benchmark reference rate at 6.75 per cent on Friday, a
      Bloomberg; AFP  -  486 words
    • 1924 14 VOL Mar 4 RM +/-(‘000) A M Realty 0.47 -0.01 53 Abric Bhd 0.40 -0.01 398 Advance Synerg 0.26 0.02 8015 Adventa Bhd 2.28 0.03 267 Ae Multi Hldgs 0.33 0.01 579 Affin Holdings 3.26 0.09 728 Ahmad Zaki Res 0.82 0.02 938 Aic Corp 1.10 unch 11
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  • Page 14 Advertisements
    • 2372 14 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg CONTINENTAL RESEARCH DEVELOPMENT PTE LTD (Incorporated in the Republic of Singapore) (Company Registration Number *****3504C) (the “Company”) (1) SHAREHOLDER’S APPROVAL RECEIVED FOR THE GIVING OF FINANCIAL ASSISTANCE REQUIRED UNDER SECTION 76(10)(A) OF THE COMPANIES ACT (2) NOTICE UNDER SECTION 76(10)(H) OF THE COMPANIES
      2,372 words

  • GREATER CHINA/INDIA
    • 552 15  -  Wen’s speech addresses rising discontent among population: analysts By VIRGINIE MANGIN in Beijing CHINESE Premier Wen Jiabao’s speech delivered on Saturday to the country’s 3,000 delegates shows growing concern among the leaders for the need to address social issues and rebalance the economy,
      552 words
    • 291 15 It may offer interest as an incentive, says John Tsang Bloomberg [HONG KONG] Hong Kong plans to provide an incentive to residents to discourage them from using a HK$36 billion (S$5.86 billion) budget cash handout, amid concern that the pace of inflation may
      Bloomberg  -  291 words
    • 583 15 AFP [MUMBAI] Abhijit is fiercely proud of his Kawasaki Bajaj motorbike and considers himself a company loyalist. “Motorbikes are the best for urban travel. They’re economical and easy to park,” the Mumbai sales executive in his 30s told AFP. But while
      AFP  -  583 words
    • 392 15 Reuters [NEW DELHI] India’s embattled prime minister yesterday tried to patch things up with a key ally that said it would quit his Cabinet, aiming to avert another crisis for a government shaken by a raft of corruption scandals. The southern Dravida Munnetra
      Reuters  -  392 words
    • 615 15 AFP [SHANGHAI] As one of the more than 200 million people in China’s huge migrant workforce, Lu Jun has had to hustle for jobs his entire life, but suddenly he finds he has more choices and bargaining power than ever. Mr Lu
      AFP  -  615 words
  • Page 15 Advertisements
    • 73 15 Lunch Promotion *Food bill *For Dine-In From now till 31 st March Mondays to Fridays (Except Public Holidays) Seafood can now be enjoyed fuss-free for lunch Available at the following Jumbo Seafood Restaurants Riverside Point The Riverwalk Singapore Indoor Stadium NSRCC SAFRA Resort Dempsey Hill Tel: 6532 3435 Tel: 6534
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    • 287 15 A AUSTRALIA BUSINESSj&'SKli!IMMIGRATION The Government of Western Australia through their Business Migration Centre at the Small Business Development Corporation, and Robert K Chelliah, Australian Registered Migration Agent from the Australian Migration Agent Pte Ltd are presenting a free seminar on: Date Wed, 23 rd March 2011 Time 2 pm to
      287 words

  • WORLD
    • 768 16  -  Japan, South Korea leading the pack in funding search for new sources By ANTHONY ROWLEY in Tokyo JAPAN, South Korea and other users of “rare earths” employed in the production of anything from hi-tech consumer electronics and motor vehicle applications
      REUTERS  -  768 words
    • 568 16 AFP [BRUSSELS] After embracing the East European remnants of the crumbling Soviet empire two decades ago, Europe faces a fresh Herculean task: how to bond with the Arab street after an era of dubious diplomacy. Slammed for propping up despots and turning a
      AFP  -  568 words
    • 226 16 Reuters [LONDON] Private equity deal-flow is bouncing back, with the value of deals so far this year up 88 per cent from last year, lifted by a US$9.4 billion deal by Blackstone Group LP to buy US shopping malls from Australia’s
      Reuters  -  226 words
    • 611 16 AFP [DUBLIN] If one man could epitomise Ireland’s descent into debt, it is Simon Kelly, the developer who was worth a billion euros (S$1.8 billion) at the height of the property boom but now owes a cool 88 million. Viewed as a
      AFP  -  611 words
    • 441 16 Reuters [BRASILIA] Brazilian President Dilma Rousseff is backing away from a reform agenda that the business community, the International Monetary Fund and others say is needed to spur investment and sustain growth in Latin America’s largest economy. Despite commanding a large majority in
      Reuters; AP  -  441 words
    • 616 17 Cancellations from jittery tourists grow in wake of revolts around the region AFP [BEIRUT] Tourism professionals in the Middle East are bracing for fallout from the revolts shaking the region, with cancellations affecting even countries so far spared from the upheavals, notably Jordan and Syria.
      AFP; AP  -  616 words
    • 347 17 Reuters [TOKYO] Foreign Minister Seiji Maehara, often cited as a possible new leader if Japan’s unpopular prime minister steps down, has decided to resign following criticism for accepting political donations from a foreign national, local media reported yesterday. Mr Maehara’s resigna-
      Reuters  -  347 words
    • 560 17 AFP [CHRISTCHURCH] After a deadly earthquake left homes creaking and wiped outbuildings and jobs, thousands of residents have turned their back on Christchurch, raising questions over the city’s future. City officials estimate one-sixth of Christchurch’s 390,000 population some 65,000 people have fled New
      AFP  -  560 words
    • 385 17 New policy aimed at curbing abuses in student visa system AFP [LONDON] Britain’s interior ministry yesterday said that its plans to tighten the visa system for foreign students would not damage the country’s universities. An alliance of chief executives from 16 universities
      AFP  -  385 words
    • 643 18  -  They’re needed to spread growth more evenly, drive economic, political integration By ANTHONY ROWLEY in Tokyo ASIA may not remain immune from the kind of turmoil that has swept whirlwind-like through parts of the Middle East and North Africa recently unless economic growth
      643 words
    • 556 18 Political unrest in the region leaves investors nervous Reuters Bloomberg [ABU DHABI] Stock markets in the Middle East and North Africa have lost US$140 billion in market capitalisation over the last five weeks as political unrest sweeping through the region left investors nervous,
      Reuters; Bloomberg; AP  -  556 words
    • 452 18 Bloomberg [SYDNEY] Introducing a carbon price to tackle climate change is “essential to the health and prosperity” of Australia’s economy as countries such as China take steps to curb greenhouse gas pollution, Treasurer Wayne Swan said. “The longer we delay, the bigger the
      Bloomberg; AFP  -  452 words
    • 573 18 Reuters [CARDIFF] Britain’s banks said on Saturday they had made their businesses safer, clashing with Bank of England governor Mervyn King who warned about the risk of a fresh financial crisis in an outspoken interview. “The banking industry recognises that
      Reuters  -  573 words
    • 755 19  -  There is ample spare capacity and industries should not panic, it says By NEIL BEHRMANN in London THE International Energy Agency (IEA) is likely to release emergency strategic oil stocks if a worsening Libyan and Middle Eastern oil
      755 words
    • 400 19 Reuters [TRIPOLI] Libyan troops loyal to Muammar Gaddafi launched counter-offen-sives on three rebel-held towns yesterday as the popular uprising escalated into open warfare. The resilience of Col Gaddafi’s forces in the face of the widespread insurrection and their ability to counterattack will increase
      Reuters; XINHUA  -  400 words
    • 510 19 WP [MOSCOW] Ikea, the world’s biggest home-furnishings retailer, is just the type of investor Russia needs and isn’t getting to overcome the lowest foreign investment rate among leading emerging-market economies. The Swedish company says it won’t build more stores outside the Moscow
      WP; BLOOMBERG  -  510 words
    • 528 19 Retail banking seen growing fastest with mobile networking Reuters [JOHANNESBURG] Africa’s US$107 billion financial services industry will log impressive growth for the rest of the decade as more banks target the continent’s emerging middle class, a study by consultancy Bain Company found. Retail
      Reuters  -  528 words
    • 410 19 Bernama AP [KUALA LUMPUR] Malaysia’s ruling Barisan Nasional (BN) yesterday retained the Kerdau and Merlimau state seats with bigger majorities. BN retained the Kerdau seat in Pahang with a majority of 2,724 votes when its candidate, Syed Ibrahim Syed Ahmad, 44, polled
      Bernama; AP  -  410 words
  • Page 16 Advertisements
    • 121 16 How to run a business without running out of ideas. March/April issue out now! Eight tips on making use of social media. Is there is still hope for the spa sector after the recent spate of closures? ACRA to pay more attention to corporate governance and smooth the path for
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  • Page 17 Advertisements
    • 667 17 MAT-3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MEMPHIS SHIPPING PTE. LTD. (COMPANY NO: *****6731M) (IN MEMBERS’ VOLUNTARY LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting of MEMPHIS SHIPPING PTE. LTD. signed by the Representative of the Holding Company pursuant
      667 words
    • 1139 17 BUY IT SELL IT FIND IT KAT3 "vrir^ps Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES <# FINANCIAL ONE CORP. (Incorporated in the Cayman Islands on 10 March 2006) Company Registration Number: CF-*****6 NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of Financial One Corp.
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  • Page 18 Advertisements


  • AVIATION/SHIPPING
    • 713 20 Lufthansa and Virgin Atlantic help crack conspiracies to get lenient treatment AP [WASHINGTON] When the airline industry took a nose dive a decade ago, executives at global carriers scrambled to find a quick fix to avoid financial ruin. What they came up
      – AP; AP  -  713 words
    • 352 20 AFP [COPENHAGEN] An international anti-piracy meeting in Denmark last week hammered out a judicial framework for how to handle captured pirates, paving the way for the building of special pirate prisons, the organiser said. The international work- ing group’s “mandate was to find
      – AFP  -  352 words
    • 398 20 However, no signs so far that tankers have been affected by violence Reuters [LONDON] London’s marine insurance market has added Libya to a list of areas deemed high risk as violence escalated in Africa’s third-largest oil producer, a senior market official said on
      Reuters  -  398 words
    • 3314 20 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
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  • Page 20 Miscellaneous
    • 347 20 CRYPTIC CROSSWORD Across 1 Guarantee truce is broken before start of year (8) 5 Bill with small amount of money creating stress (6) 9 Facility offering support when brass is depleted? (9) 11 Animal sheltering in hot terrain (5) 12 A human with no end of devilment devoid of right
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  • DINING OUT
    • 739 21  -  NEW RESTAURANT Tables By The Bay Keppel Club 10 Bukit Chermin Road Tel: 6375-5516 By Jaime Ee IF a rose is a rose by any other name, the same should be said about coffee houses, whether you call them all-day-dining eateries, international buffet restaurants or, in the
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  • Page 21 Advertisements
    • 209 21 LOG ON TO WWW.RAGIG913.GGM FGR MGRE RETAILS WINE DINE AND HOSPITALITY ■> < DESTINATION WILLOW STREAM Escape your fast-forward, hectic world and bring yourself to a quieter place to recover so you can dive into life again re-energized. Make Willow Stream Spa your place your own escape in the heart
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    • 10 21 WWW.OI Y> sgldav\d9 an b\og .omV'71 V0 °^y.s 9 I#
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  • SINGAPORE STOCKS
    • 9475 22 Week ended: Mar 4 52-wks Tel Last Vol Week Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 3148 8Telecom 18 +1 846 18 17 17.5 18 7.8 3.4 3.8 86.2 12 4.5 5834 A-Sonic
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    • 1862 23 52-wks Tel Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 1181 t AA Grp 4.5 4 5 21.4 4.3 225 130 6222 t APStrategic 167 +3 5 167 165 159
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    • 115 23 Stock name Close Change CapMallsAsia 1.750 +0.010 CapitaLand 3.370 +0.020 CapitaMall 1.820 +0.020 CityDev 11.160 -0.260 ComfortDelGro 1.520 +0.010 DBS Grp 14.200 +0.020 F&N 5.800 +0.150 Genting SP 1.990 +0.040 Golden Agri 0.705 +0.005 HK Land 7.100 +0.260 Stock name Close Change JMH 48.000 +0.700 JSH
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    • 2645 23 Transaction date: Mar 4 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.60 unch 0 Aeon Stores 15.60 0.10 56 Angang Steel 10.68 0.22 ***** Anhui Conch 41.05 0.35 ***** Anhuiexpresswa 6.90 0.13 3139 Asia Satellite 13.24 unch 0 Asm Pacific 102.60 0.30 1047 Bank Of E Asia 34.00
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    • 259 23 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 6000 AVJennings A53cd 53.5 55 3.6 6.6 4.2 138 55 16 6017 Genting HK US$ US40 +3 *****1 40.5 36.5 40 40.5 2633.8
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    • 186 23 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 5 2 0 0 0 11 5 2 Manufacturing 71 102 54 9 8 15 80 110 69 Commerce 35 19 22 4 2 10 39 21 32 Tpt/Stor/Comms 19 21 6
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    • 955 23 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 6389 ABF SG Bond ETF 111 +1 31 111 110.7 111.1 112 506.7 1070 761 CIMBAsean40 100US$ US1020 +35 49 1028 1001
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    • 123 23 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 175,919 175,919 540,276 540,276 Manufacturing 1,435,298 89,928 1,525,226 1,353,078 3,693 1,356,771 Commerce 586,522 29,716 616,238 1,046,410 5,134 1,051,544 Tpt/Stor/Comms 554,258 14,061 568,319 1,136,458 3,171 1,139,629 Finance 131,947 42 131,989 1,106,196 6 1,106,202 Construction 198,854 57,210
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  • Page 23 Advertisements
    • 26 23 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
    • 374 24 In local curr In S$ In US$ dy yr dy yr dy yr Mar 4 Index Change Change Change Change Change Change World Index Preliminary 937.0 -0.2 4.4 -0.3 4.2 -0.2 5.4 EAFE Preliminary 826.6 0.0 3.2 0.0 4.0 0.1 5.2 Europe Preliminary 1200.2 -0.5
      374 words
    • 180 24 Mar 4 $S Offer Bid 0vernight 0.01 PAR 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.02 US$ 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
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    • 22 24 Mar 4 S$ Bid Offer 1-month 1.2667 1.2677 2-months 1.2665 1.2675 3-months 1.2663 1.2673 6-months 1.2656 1.2667 Source: OCBC
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    • 143 24 Mar 4 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Apr 11 592.0 592.0 595.0 1 May 11 595.0 Jun 11 595.0 Jul 11 580.0 Aug 11 575.0 Sep 11 564.0 Oct 11 564.0 Nov 11 564.0 Dec 11
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    • 81 24 Mar 4 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 02.06.2011 0.33 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 102.44 102.5 102.5 5-Year N*****0S 2.875 01.07.2015 107.32 107.4 107.35
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    • 107 24 Mar 4 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 11 1407.75 1405.50 1418.00 1391.25 May 11 1414.00 1412.00 1424.50 1395.75 Jul 11 1421.25 1419.25 1431.50 1403.00 Aug 11 1408.00 1406.25 1414.75 1393.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 11 58.96
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    • 77 24 CRUDE OIL PRODUCTS Mar 3 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 115.05 -2.18 WTI (Near Mth) 101.86 -0.46 Dubai (1-Mth F) 109.62 0.35 Tapis blend 120.45 0.42 Minas 116.25 0.42 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 109.56 1.68 Jet Kerosene 131.00 0.80 US$/barrel Opec Oil
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    • 2747 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 23 -0.5 4151 1 10 -11 1.61 56 6221 Asia-Pacific Strategic W*****6 32 1 150 9 5.22 38 6227 ASJ Hldgs W*****1 3 1 4 40
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    • 121 24 Mar 04 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.325 1.25 Can dollar 1.327 1.276 Euro 1.803 1.734 Sterling pound 2.102 2.022 NZ dollar 0.963 0.918 US dollar 1.286 1.237 Local dollars to 100 units of foreign
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    • 27 24 Mar 4 Open High Sett STI Mar 3057 SIMSCI Mar 358.0 361.9 359.8 Taiwan Mar 312.5 314.8 313.5 Source: MF Global (S) Pte. Ltd
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    • 67 24 Mar 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 11 3661 3710 3710 3661 111 1730 Apr 11 3640 3689 3693 3640 918 ***** May 11 3602 3660 3665 3587 ***** ***** Jun 11 3573 3630
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    • 454 24 Mar 4 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.6850 0 4827 Jun11 99.6200 0 2048 Sep11 99.5000 0 3614 Dec11 99.3050 0 3141 EUROYEN TIBOR FUTURES Mar11 99.6625 800 6384 Jun11 99.6525 250 1536 Sep11 99.6450 0 766 Dec11 99.6300 101 1909 Mar12 99.6100
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    • 464 24 Mar 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.986 6.652 0.726 7.890 45.575 89.034 0.835 11.292 3.069 1.374 86.547 43.828 1.284 6.980 0.944 29.768 30.883 0.622 1.013 Canada 1.014 6.748
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    • 85 24 Mar 4 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 140 24 Mar 4 GOLD (US$/oz) Mar 04 Mar 03 Hong Kong 1418.00 1429.30 Mar 03 Mar 04 London 1420.20 1427.80 1421.00 1428.55 Source: Thomson Reuters Source: Thomson Reuters CAST BAR Mar 04 (S$) Selling Buying Kilobar 61,913.41 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 139 58 5gm 394
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    • 69 24 Mar 4 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2567.50 2580.00 3 months 2600.00 2612.00 Copper, Grade A (US$/tonne) Cash 9886.50 9903.50 3 months 9895.00 9915.00 Lead (US$/tonne) Cash 2637.25 2625.00 3 months 2630.00 2618.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • 154 24 Mar 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2831 1.2844 1.0128 1.0130 Canadian dollar 1.3017 1.3029 1.0274 1.0276 Euro 1.7682 1.7700 1.3957 1.3960 NZ dollar 0.9336 0.9356 0.7369 0.7379 Sterling pound 2.0625 2.0644 1.6280 1.6282
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    • 84 24 Mar 4 COCOA (£/tonne) Close Prev High/Low Mar 11 2353 2405 2433/2349 May 11 2340 2396 2425/2335 Jul 11 2276 2323 2348/2273 Sep 11 2250 2284 2306/2246 COFFEE (US$/tonne) Close Pev High/Low Mar 11 2349 2335 2361/2335 May 11 2390 2382 2408/2376 Jul 11 2403 2397 2421/2390 Sep 11
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  • 5771 25 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
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  • Page 25 Advertisements
    • 18 25 Shipping lines I seeking reliable logistics partners I Can they find your services here in the Shipping Times?
      18 words
    • 30 25 <!(\^};%==!*>'`@[*<=]^^&;".'~!, Importers looking for Warehouse Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 int uujiiMtjj iiivitJ SHIPPING TIMES
      30 words

  • Page 26 Advertisements
    • 45 26 Experienced sh/p maintenance find yo e u y r 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
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    • 18 26 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE _THE BUSINESS TIMES SHIPPING TIMES
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  • BizIT
    • 799 27  -  Response time to fix problems cut from months to hours, reports VICTORIA HO THERE is a cultural shift afoot at Microsoft, thanks to the cloud. Matt Fingerhut, Microsoft’s general manager of consumer software and services support, said the provision of its Office software as
      799 words
    • 795 27  -  Buying through smart phones will become more common <you say> By YVONNE CHANG The writer is VP and MD for Yahoo! South-East Asia TO SAY the mobile phone phenomenon is sweeping Singapore would be a gross understatement. To state that the future of e-commerce rests
      795 words
    • <what’s up>
      • 26 27 SINGAPORE Airlines has tied up with Web payment provider PayPal to allow customers to pay for flights they have booked online with PayPal.
        26 words
      • 32 27 FUJI Xerox has launched the ApeosPort-IV C4430 and DocuCentre-IV C4430 devices. The two machines are A4 colour multi-function devices (MFDs) which can print, copy, scan and fax documents.
        32 words
      • 34 27 RACK power management vendor Raritan has released a free iPhone app which will allow data centre managers to view and control server or rack power on the go from their phones.
        34 words
      • 52 27  -  Compiled by VICTORIA HO OLYMPUS has released three new cameras the TG-810 (picture), SZ-30MR and SZ-20. The latter two are 16-megapixel shooters capable of recording full HD video. The TG-810 is a waterproof compact camera equipped with GPS and an electronic compass. Prices were unavailable at
        52 words
    • 204 27 Bloomberg [SAN FRANCISCO] Facebook Inc, the world’s biggest social-networking company, is holding talks with Skype Technologies SA about offering Web video calls to its 500 million users, two people familiar with the discussions said last Saturday. Video calling between friends
      – Bloomberg  -  204 words
    • 1074 27  -  It’s not an ideal consumer device, but as a hybrid, it has unsung strengths &lt;cool stuff&gt; By KENNETH JAMES IT’S enough to break a tablet user’s heart if you belong to the rapidly obsolescing Windows camp, that is. The Google federation has released Honeycomb,
      YEN MENG JIN  -  1,074 words
    • 1234 28  -  Symantec survey finds downtime could cause them big losses and also make their customers bolt, writes AMIT ROY CHOUDHURY MANY of Singapore’s small and mediumsized businesses (SMBs) run the risk of going out of business in the event of a major disruption of their
      1,234 words
    • 1589 28 Lack of security and compliance is the number one barrier in cloud computing. Is there a simple answer to a complex problem? Special Feature brought to you by TechTrenders Asia If cloud computing is the next revolution in IT, gaining trust in the
      1,589 words