The Business Times, 10 March 2011

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Microfilm: NL31285
Total Pages: 35
1 35 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Thursday, March 10,2011
    23 words
  • Article
    Lock icon Bar raised for white-collar foreigners
    781 1  -  Higher salary thresholds may nudge employers to be more selective in hiring foreign talent By CHUANG PECK MING [SINGAPORE] The foreign worker levy isn’t the only screw that the government is applying to tighten the inflow of foreign workers. It has also turned its attention
    781 words
  • Article
    Lock icon Price of growth? Forecasters raise GDP estimates, sweat over inflation
    883 1  -  By TEH SHI NING [SINGAPORE] The Republic’s economy is now expected to grow a higher 5.7 per cent and witness a sharper price inflation of 4 per cent this year, according to a poll of analysts by the Monetary Authority
    883 words
  • Article
    Lock icon MARKETS DIGEST
    143 1 HST INDEX 3,092.90 (-10.94) HST INDEX FUTURES 3,087 (-11) HSIMSCI 364.94 (-0.88) HSIMSCI FUTURES 364.90 (-0.80) FOREX US$ S$ US$ (S$ per US$) 1.269 (US$/S$ per 1.617 2.052 EURO (US$/S$/E) 1.391 1.764 Foreign currency per US$ S$ YEN 82.80 65.30 RM 3.032 2.390 HK$ 7.790 6.140 BAHT 30.33
    143 words
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      214 1 OPINION Fighting poverty the Singapore way PAGE COMPANIES PNE Micron shares soar in Bali play PAGE 5 BizIT Hot air and data centres PAGE 28 SHANGHAI BOURSE Rules for international board ready PAGE 14 PROPERTY Wooing international brands here I PAGE 29 Signs of a quieter en bloc cycle I
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      2 1 *****1 *****4
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  • TOP STORIES
    • Article
      Lock icon New players emerge to fight in the industrial space
      590 2  -  Oxley, Qingdao join fray as industrial development gets more attractive By EMILYN YAP [SINGAPORE] Seasoned industrial property developers may have to brace themselves for more competition ahead as new players enter the fray. Tougher conditions in the residential property market, coupled
      590 words
    • Article
      Lock icon More scope for foreign law firms here
      379 2  -  By CHUANG PECK MING [SINGAPORE[ The Qualifying Foreign Law Practices, which has paved the way for Singapore’s legal services sector to be opened up, is set to be liberalised further. “In the second half of this year, my Ministry will be reviewing the
      379 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      584 2 Bar raised for white-collar foreign workers THE foreign worker levy isn’t the only screw the government is applying to tighten the inflow of foreign workers. It has also turned its attention to foreigners doing white-collar jobs and raised the bar for them. Manpower Minister Gan Kim Yong yesterday
      584 words
    • Article, Illustration
      Lock icon China plans to build 10m low-cost homes this year
      442 4 Beijing allocating nearly US$200b for programme, says Cabinet official AP [BEIJING] China’s government will spend nearly US$200 billion this year to build 10 million low-cost homes, a Cabinet official said yesterday, amid efforts to spread the benefits of economic growth to
      AP; XINHUA  -  442 words
    • Article, Illustration
      Lock icon Gates opts to be Santa over richest man
      623 4 Reuters [NEW YORK] Bill Gates didn’t lose his title as the world’s richest man last year, he gave it away by ploughing billions into his charitable foundation, experts say. Forbes was scheduled to release its 2011 billionaire list yesterday and Mr Gates,
      Reuters; BLOOMBERG  -  623 words
    • Article
      Lock icon Survey on regulation kicks off
      293 4  -  BT will poll over 2,000 business leaders and professionals By JERMAINE NG [SINGAPORE] A new poll of corporate leaders that could provide insight into how the Singapore business community is responding to changes in its regulatory environment kicked off yesterday. The survey is conducted by
      293 words
    • Article
      Lock icon UBS ex-client admits to lying and making false claims
      486 4  -  By GRACE LEONG [SINGAPORE] A former client of UBS, who has blamed his investment losses on the bank’s negligent advice, yesterday admitted several times during trial to lying in court documents and making false claims. Ng Kok Keong’s lies were exposed
      486 words
    • Article, Illustration
      Lock icon A two-speed Europe in the making: Soros
      539 4 Reuters [PARIS] Financial markets may not let eurozone governments delay a debt restructuring of its weakest members, billionaire investor George Soros said yesterday, highlighting risks in Ireland in particular. Speaking in Paris, Mr Soros also said that public spending cuts forced by Congress
      Reuters  -  539 words
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      78 2 SU MISURA EXPERIENCE The Ultimate in PersonalTailoring Made to Measure Season 2nd to 28th March 7 /r/M, 'fa s s iiMIMWMSmM awl isaai I fcisr/r:;; I i: W-hik'ArlMf: msmti .t'a !J.r. 7 j* mmim m if %pgfossjp #fe Mteap' A .i$ fiipf IliaT' V y ilfcwtS&xs? h" &>s s■:■■ s:
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      440 3 to £*w m-K- r, ■v o 5 L' 5 i-.-t* i.-. A' y 1 -T 7. r-' f > v- AaT-' 'A.' < aa--.' ,-P"V T H t >. <-~-j UP? .>* r. >>. %\J4_ *e- V I #s$# Es£/ lS' 3k *«&?•**••**v 'V. -5.%-r •ifeJi-, j. fe' v 1
      440 words
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      44 words
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      22 4 L Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices MATS NOTICES
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  • COMPANY NEWS
    • Article
      Lock icon PNE Micron shares soar in Bali play
      664 5  -  Indonesia developer of resort villas and hotels in $225.54m reverse takeover TAKEOVERS By MICHELLE TAN PNE Micron Holdings Ltd (PNE Micron) yesterday announced plans for a $225.54 million reverse takeover (RTO) deal, which will see an Indonesian de-veloper-cum-manager of resort villas and hotels
      664 words
    • Article, Illustration
      Lock icon F&N unit selling King way Brewery stake for $205m
      372 5  -  By EMILYN YAP A PARTNERSHIP involving Fraser and Neave (F&N), Heineken and Asia Pacific Breweries (APB) is selling its stake in Hong Kong-list-ed Kingway Brewery Holdings for $205 million. The unit, Heineken-APB (China) Pte Ltd (HAPBC), stands to reap a gain
      372 words
    • Article
      Lock icon Man Investments (Singapore) Pte Ltd
      18 5 ISIN-CODE NAME NAV DATE LU********** Man AHL Trend SGD D SGD 99.04 28/02/11
      18 words
    • Article
      Lock icon $101.4m bid to take Passion Holdings private
      376 5  -  CEO, exec chairman undertake to accept 26¢ a share offer By FELDA CHAY PASSION Holdings Ltd has received a $101.4 million privatisation offer from an investment holding firm managed by a unit of Citigroup’s alternative investment practice. Decorative Arts Holdings Ltd will pay
      376 words
    • Article
      Lock icon Yanlord Land launching US$ bond offering
      377 6  -  Group set to meet potential investors in S’pore, Hong Kong, US and UK By LYNETTE KHOO YANLORD Land Group said yesterday it is launching a US dollar bond offering and has appointed three banks as joint lead managers and joint bookrunners for the proposed
      377 words
    • Article
      Lock icon SIA, SilkAir up fuel surcharges by US$2-26
      498 6  -  They cite jet fuel price hike for 3rd increase in 4 months By NISHA RAMCHANDANI IN their third fuel surcharge hike in recent months, Singapore Airlines (SIA) and subsidiary SilkAir will be charging more for tickets issued on or after March 17 due
      498 words
    • Article
      Lock icon Goodyear brand go-ahead for Qian Feng Fabric
      378 6  -  By MAXIE AW YEONG QIAN Feng Fabric Tech, a knitted fabrics manufacturer, has secured the rights to sell apparel and other products under the Goodyear brand in China and Singapore. The group said yesterday that it has received a letter from Goodyear Tire
      378 words
    • Article, Illustration
      Lock icon Tiger setting up cadet pilot training programme
      383 6  -  It seeks proposals from global aviation training providers By VEN SREENIVASAN TIGER Airways is setting up a new cadet pilot training programme to train some 100 pilots over the next three years. The programme will be launched later this year, and requests for
      FILE PHOTO  -  383 words
    • Article
      Lock icon Tough task ahead for Chi-X as ASX readies for competition
      478 6 Reuters [SYDNEY] Nomura’s Chi-X, which is preparing to launch a bourse in Australia later this year, will have its task cut out as ASX has improved its position in preparation for the end of its two-decade monopoly, a Citigroup official
      Reuters  -  478 words
    • Article, Illustration
      Lock icon Stamford Tyres Q3 net rises 25.6% to $3m
      346 7  -  Boost mainly from S. Africa tyre sales, jump in share of unit’s profit By VICTORIA HO STAMFORD Tyres Corporation’s net profit grew 25.6 per cent year on year to $3 million for its fiscal third quarter ended Jan 31. The regional distributor
      FILE PHOTO  -  346 words
    • Article, Illustration
      Lock icon TTJ half-year profit more than doubles to $4.9m
      362 7  -  By MINDY TAN STRUCTURAL steel specialist TTJ Holdings posted a net profit of $4.9 million for the first half year ended Jan 31, 2011, more than double that of $2.28 million a year ago. Revenue for the period rose 33 per cent
      FILE PHOTO  -  362 words
    • Article
      Lock icon Full Apex rejects call for special meeting
      315 7 FULL Apex (Holdings) Ltd has rebuffed a request from a substantial shareholder of the company to convene a special general meeting to call off an asset sale. The company said it had received a requisition dated Feb 16, 2011, from an unnamed shareholder
      315 words
    • Article
      Lock icon CWT says no approach by Glencore
      134 7 Reuters [SINGAPORE] Singapore logistics company CWT Limited said yesterday that it had not been approached to sell its business to Glencore, the world’s largest commodity trader. Glencore’s aim to boost its presence in warehousing by combining its recently acquired Pacorini unit with an outside
      Reuters  -  134 words
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      31 5 PEMBREY C Unlined, Crepe Rubber Sole Singapore Shop 2-8, Level 2, Ion Orchard Hong Kong Shop G33, Ground Floor, Prince's Building Shop 361, Level 3, Pacific Place Shop 2088A, 2/F, Elements
      31 words
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      151 6 gs 3 PERCEPTION S A Singapore Brand Conference t ,TEGyi m nONlLU TRUST f I I 1 W W I BRAND CONCEPT m o TRUST STRATEGY Thursday, 31 March 2011 Suntec Convention Centre, Ballroom 3 IN THE NEW NORMAL QTRATPny Singapore Brand Conference 2011 Programme Highlights 21st Century Family Businesses
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      126 7 1 ■r w*$mma L' T W Bungalows ■wi LEISURE FARM RESORT: The Benefits of Being Part of The Growth of Iskandar Malaysia Venue: MPI Gallery Singapore, 2 Shenton Way, #01 -02 SGX Center 1, Singapore *****4. Tel: 065 -6438 0312 Date 12th 13th March 2011 03:00pm Ho Chin Soon, the
      126 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Oil, China fears still hold sway
      488 8  -  ST Index closes 10.9 points down despite overnight rally on Wall Street STOCKS VEN SREENIVASAN Senior Correspondent THE sharp overnight rally on Wall Street did not seem to impress the Asian markets much. Rather, sentiment here remained hostage to concerns over the impact on
      Source: Bloomberg  -  488 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Mar 9 VALUE CLOSE BT OB/OS 121.00 +96.00 BT CADI -*****.00 -4.00 BT 10-day MA -*****.00 +13.00 FTSE ST Mid Cap 769.11 +1.98 FTSE ST Small Cap 552.79 +1.47 FTSE ST All Share 763.98 -1.68 FTSE ST China Top 275.00 +0.77 FTSE ST China 306.07 -0.32 FTSE
      66 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 6 0 0 0 5 7 6 Manufacturing 41 59 82 5 3 11 46 62 93 Commerce 18 20 20 3 0 7 21 20 27 Tpt/Stor/Comms 16 14 14
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Fraser and Neave
        282 8 March 9 close: $5.91 DBS Vickers Research, March 9 FRASER and Neave’s (F&N) jointly controlled subsidiary, HeinekenAPB (China) Pte Ltd (HAPBC), has announced that it reached an agreement with a potential buyer for the sale of its 21.37 per cent stake in Kingway Brewery Holdings Ltd (KBH).
        Bloomberg  -  282 words
      • Article, Illustration
        Lock icon Roxy-Pacific Holdings
        470 8  -  March 9 close: $0.45 OCBC Investment Research, March 9 Compiled by LYNETTE KHOO ROXY-PACIFIC Holdings is a specialty property and hospitality group in Singapore. It primarily develops domestic residential projects, and also owns two investment properties and a hotel, Grand Mercure Roxy Hotel (GMRH). In FY10, 77 per
        Source: Bloomherg  -  470 words
      • Article
        Lock icon Glossary:
        135 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 29,692 29,692 66,440 66,440 Manufacturing 241,286 13,081 254,367 189,988 834 190,822 Commerce 50,478 4,489 54,967 105,030 912 105,942 Tpt/Stor/Comms 116,668 797 117,465 206,208 199 206,407 Finance 30,434 30,434 220,203 220,203 Construction 17,773 4,833 22,606 6,489
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change CapMallsAsIa 1.730 -0.010 CapitaLand 3.350 ■0.020 CapitaMall 1.050 +0.010 CityDev 11,240 -0.120 ComfortDolGro DBS Grp 1.550 14,460 10.010 •0.080 F&N 5.910 ♦0-060 GenJing SP 2.000 ♦0,010 Golden Agri 0.685 -0.010 HK Land 6 980 -0.080 JMH 46.820 +0.120 J5H 28.020 -0.460 Jardine
      112 words
    • Article, Illustration
      Lock icon EU meet fuels euro uncertainty; US$ up
      479 8 CURRENCIES Reuters [TOKYO] The euro fell for a third straight session against the dollar yesterday, with further losses likely, as investors were unconvinced that tomorrow’s European summit would quell concerns about the region’s fiscal problems. The US dollar also rose against most of
      Reuters; AP  -  479 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 8 VOLUME Dyna-Mac 67,140,000 Genting SP 61,255,000 Golden Agri 58,516,000 RafflesEdu 39,912,000 BerlianLaju 39,744,000 Noble Grp 27,355,000 SingTel 27,270,000 GLP 26,834,000 *Genting HK US$ 21,695,000 XinRen 20,928,000 VALUE($) Genting SP 123,227,920 SingTel 82,483,590 DBS Grp 76,456,980 OCBC Bk 66,676,250 Noble Grp 58,284,860 GLP 52,674,500 SIA 49,943,460 UOB 46,102,960
      57 words
    • Article
      Lock icon RISES
      107 8 BY CENTS CLOSE UP Creative Tech 397 57.0 16.8 SIA.ES.1103 1390 48.0 3.6 Jardine C&C 3560 42.0 1.2 DBXT MSCHINA 10US$ 1283 36.8 2.3 DBXT FTChina25 10US$ 3218 35.5 0.9 DBXT MSKorea 10US$ 5850 30.4 0.4 STXPO 100 1140 30.0 2.7 UOB 5.05%NCPS 100 ***** 30.0 0.3 Asia Pac
      107 words
    • Article
      Lock icon FALLS
      124 8 BY CENTS CLOSE DOWN JSH 2802 -58.3 -1.6 GLD 10US$ ***** -31.7 -0.2 DBXT S&P Short 10US$ 4264 -27.9 -0.5 OCBC Bk 5.1%NCPS 100 ***** -20.0 -0.2 UOB 1878 -18.0 -0.9 DBXT AUD Bonds 5AU$ ***** -14.1 -0.1 OCBC Bk 935 -13.0 -1.4 CityDev 1124 -12.0 -1.1 SembMar 577
      124 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      416 9 A The Sea son Of Cherry Blossom! Follow Me Japan to Chubu (Central Japan), on our Direct Chartered Flight either to or from Komatsu, the nearest airport to Kanazawa. If you are looking for a genuine experience of rich traditional Japanese culture and heritage, Chubu (Central Japan) is where you
      416 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Govt reiterates pledge to plug cross-border financing gaps
      441 10  -  Project finance needs best served by dedicated institution, but not trade finance By TEH SHI NING THE government “remains committed” to plug crossborder financing gaps and help local companies internationalise, the Ministry of Finance (MOF) said yesterday. In a press statement, MOF
      441 words
    • Article, Illustration
      Lock icon 3M brands Singapore as business friendly: Woodworth
      432 10  -  By LINETTE LIM A DAY after 3M chief executive George Buckley branded US President Barack Obama “anti-business”, his colleague John Woodworth the senior vice-president of corporate supply chain operations praised Singapore for being busi-ness-friendly. “The fact that Singapore recognises business people is very
      432 words
    • Article
      Lock icon Asean firms focused on talent development, growth: study
      297 10  -  By LINETTE LIM COMPARED to their counterparts in mature markets, Asean companies plan to invest more in developing future leaders, according to a global study of 700 chief human resource officers (CHROs) and senior executives. Sixty-three per cent of Asean companies surveyed
      297 words
    • Article
      Lock icon Police get good report card from Shanmugam
      461 10  -  He wants them to focus on core duty of fighting crime YESTERDAY IN PARLIAMENT By CHUANG PECK MING THE police here are called on to deal with monkeys and snakes. While this says much about public confidence in the men in blue in
      461 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Nanoformulation conference at Suntec
        70 10 NANOFORMULATION 2011, a convention for global experts in nanoformulation, will be held at Suntec Singapore International Convention and Exhibition Centre from June 26 to July 1 as part of the International Conference on Materials for Advanced Technologies (ICMAT). This will be the second of three international
        70 words
      • Article
        Lock icon Record 39 China officials attend NTU
        74 10 NANYANG Technological University’s postgraduate programme in managerial economics and public administration has received a mark of approval from the Central Organisation Government in China as it registered a record 39 high-level Chinese officials among the new intake for its Master of Science in Managerial
        74 words
    • Article
      Lock icon Jurong Aromatics appointing CEO, hiring engineers
      363 10  -  By RONNIE LIM JURONG Aromatics Corporation which expects to start building its US$2.4 billion aromatics complex next month started a mass recruitment exercise for engineers over the weekend. It is also in the process of appointing a CEO, sources said. It advertised a range
      363 words
    • Article
      Lock icon COE premiums stay flat
      338 10  -  SAMUEL EE By COE premiums were largely unchanged in the first bidding exercise of March, with some saying this was likely a result of car distributors attempting to preserve their profit margins. A certificate of entitlement in Category A for cars below 1,600cc shed $399 to
      338 words
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      53 10 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices NOTICES Your window to the marketplace March/April 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),
      53 words
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  • OCBC CYCLE 2011
    • Article, Illustration
      Lock icon Mega ride attracts 10,000 cyclists
      479 11  -  By HOON YI SHYUAN NOW in its third year, OCBC Cycle Singapore is fast becoming a signature event in Singapore. This year, it attracted more than 10,000 cyclists including world-class competitors and other cyclists from countries worldwide. Held from March 4 to 6 at the
      Photos by SPECTRUM WORLDWIDE and OCBC BANK  -  479 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Bursa moves to boost Islamic commodities market
      476 12 It’s talking to Gulf banks after palm oil producers hold back, citing low volume Bloomberg [KUALA LUMPUR] Bursa Malaysia, the state-control-led financial exchange, is in talks with Middle Eastern banks to boost activity on its 18-month-old Islamic commodities market that increased five-fold last
      Bloomberg  -  476 words
    • Article
      Lock icon Miner NNT hopes to raise US$500m in IPO
      447 12 Reuters [JAKARTA] PT Newmont Nusa Tenggara (NNT), the Indonesian unit of US miner Newmont Mining Corp, is seeking to raise about US$500 million in an initial public offering (IPO) here by selling a 10 per cent stake within the next 12 months,
      Reuters  -  447 words
    • Article, Illustration
      Lock icon KL subsidies bill may balloon by RM4b: Najib
      341 12 Unless, that is, fuel prices are raised to reflect crude hike Bloomberg [KUALA LUMPUR] Malaysia’s state subsidies bill could jump by RM4 billion (S$1.7 billion) this year if fuel prices aren’t raised to reflect a jump in global crude oil costs, Prime
      Bloomberg  -  341 words
  • Page 12 Advertisements
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      1000 12 BEATS BUY IT• SELL IT• FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg LUCAS, S.H. PARTNERS DECISION OF THE INDONESIAN SUPREME COURT AT THE JUDICIAL REVIEW LEVEL No. 240 PK/PDT/2006 DATED FEBRUARY 20th, 2007 IN RELATION TO THE SHARES OWNED BY PT. ARYAPUTRA TEGUHARTA IN PT. BFI FINANCE INDONESIA TBK
      1,000 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon US economy better prepared for oil price hike
      794 13 It is less dependent on oil; cars are now more fuel-efficient AP [NEW YORK] The increase in energy prices is beginning to resemble the rise in 2008. But this time, the US economy may be better prepared for higher fuel costs. Petrol
      AP  -  794 words
    • Article, Illustration
      Lock icon US retail investors joining the stockmarket bull run
      724 13 US$24.2b has gone into mutual funds so far; withdrawals last year hit US$96.7b AP [CHICAGO] As a historic bull market reaches its second birthday, everyday investors are piling back into stocks, finally ready for more risk and hoping the rally has further
      AP  -  724 words
  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      456 13 Dear reader, Advertisement You may have been approached to sign long-term license agreements for your virtualization projects. But with the arrival of cloud computing, signing up for a long-term virtualization commitment may lock you into a vendor that cannot provide you with the breadth of technology, flexibility or scale that
      456 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Shanghai bourse says rules for int’l board ready
      461 14 Exchange looking at expanding trial on short-selling and margin trading Reuters [BEIJING] Rules for Shanghai’s international board, which would allow foreign companies to list in mainland China for the first time, are largely ready although no timetable for its launch has been
      Reuters; BLOOMBERG  -  461 words
    • Article
      Lock icon Chinese firms wise up to approval process
      370 14 Reuters [CANBERRA] Chinese companies wanting to invest in Australian mining have learnt to navigate the process of obtaining foreign approval in a more consultative way, taking tension out of the process, Australian Resources Minister Martin Ferguson said yesterday. China’s investment ties with Australia
      Reuters  -  370 words
    • Article
      Lock icon China nuclear power firm may have to bid for Extract
      437 14 Reuters [MELBOURNE] A Chinese state-owned nuclear power producer could be forced to make a bid for Australia’s Extract Resources worth US$2.7 billion as part of a bid for Kalahari Minerals, as China looks to secure uranium from Africa. A unit
      Reuters  -  437 words
    • Article
      Lock icon Citic sought loans without disclosing losses, court told
      417 14 Bloomberg [HONG KONG] Citic Pacific Ltd, the steelmaker and property developer that posted the biggest currency loss by a Chinese company, asked for credit facilities from banks without disclosing that it had lost money, a lawyer for Hong Kong’s Justice Department said
      Bloomberg  -  417 words
    • Article
      Lock icon Feb growth in car sales the slowest in 23 mths
      218 14 Reuters [BEIJING] Car sales in China rose 2.6 per cent in February from a year earlier, the slowest pace in 23 months, as a pre-holiday buying spree led to a subsequent drop-off in demand in the world’s largest car market.
      Reuters  -  218 words
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      78 14 MATS 1 r" F Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES I, Simon Jack Hamer, bachelor, of 373 Onan Road, #01-03 Malvern Springs, Singapore *****5, intend to marry Ma. Laarni Camalig Pascua, single, of 373 Onan Road, #01-03 Malvern Springs, Singapore *****5, at Asya Premier Suites, Boracay, The Philippines, on 4th
      78 words
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      503 14 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF 1) SIMS PLACE REALTY LIMITED (Co. Reg. No. *****6631M) 2) EASTVALE DEVELOPMENT PTE LTD (Co. Reg. No. *****2427W) 3) SPERRYLITE PTE LTD (Co. Reg. No. *****4883C) 4) WESTMERE DEVELOPMENT PTE LTD (Co. Reg. No. *****2426G NOTICE
      503 words
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  • INDIA
    • Article
      Lock icon Record car sales in Feb but roadblocks lie ahead
      376 15 Higher input costs, likely rise in interest rates may dent sales growth in near future Reuters AFP [NEW DELHI] Car sales in India hit a record high in February, driven by a burgeoning middle class and easier access to loans, but
      Reuters; AFP  -  376 words
    • Article
      Lock icon Wheels India says growth may slow to 15% next year
      316 15 Bloomberg [MUMBAI] Wheels India Ltd, a supplier to Caterpillar Inc, expects sales growth to slow from the fastest pace in six years even as it passes on higher steel prices to customers, according to managing director Srivats Ram. A forecast
      Bloomberg  -  316 words
    • Article
      Lock icon Rio Tinto mine to open in 2016
      372 15 It is keen to tap huge middle class despite bureaucratic hurdles to diamond project Bloomberg [TORONTO] Rio Tinto Group, the world’s third-largest mining company, may start production at India’s first diamond mine in 2016, said Andrew Davy, the project’s chief geologist. Rio Tinto
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      394 15 PT BERLIAN LAJU TANKER Tbk Having registered office in Jakarta, Indonesia (“Company”) ANNOUNCEMENT TO ALLTHE SHAREHOLDERS WithregardstotheExtraordinaryGeneralMeetingofShareholders (“EGMS”) Announcement that was published in Bisnis Indonesia, Investor Daily, Jakarta Globe, and BusinessTimes (Singapore) on 23 February 2011 and posted on IDXNet, the Board of Directors of the Company wishes to clarify
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      274 15 Finally released Our best waterside apartments Prices start from £285,000 The curtain is being raised on one of the most dynamic residential developments of the 21st century. Docklands' newest star attraction adjacent to Canary Wharf is more than just an apartment complex. This is a beautifully conceived future classic, created
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  • WORLD
    • Article, Illustration
      Lock icon West plotting to seize Libya’s oil: Gaddafi
      566 16 He again claims Al-Qaeda is behind insurrection that began on Feb 15 AFP Reuters [TRIPOLI] Libyan leader Muammar Gaddafi stood firm yesterday, accusing the West of plotting to seize Libya’s oil and insurgents of being traitors, while one of his officials travelled to
      AFP; Reuters; REUTERS  -  566 words
    • Article
      Lock icon Oil continues to rise as Libyan fighting intensifies
      497 16 Reuters Bloomberg [LONDON] Oil rose nearly US$2 yesterday to trade at US$115 a barrel as fighting intensified in Libya, and the Organisation of Petroleum Exporting Countries (Opec) said that it saw no need to hold an emergency meeting to ease supply fears,
      Reuters; Bloomberg  -  497 words
    • Article, Illustration
      Lock icon FAO sees food prices staying at record high this year
      525 16 Bloomberg [BANGKOK] Record food prices are likely to be sustained this year because of high oil costs and smaller harvests, said the United Nations’ Food Agriculture Organization (FAO). “The potential risk is crude oil may continue to go higher, and
      Bloomberg; REUTERS  -  525 words
    • Article
      Lock icon WholesaIe inventories rise 1.1 % in January
      433 16 WholesaIe inventories rise 1.1 in January LATEST US DATA Bloomberg [WASHINGTON] Inventories at US wholesalers rose more than forecast in January as distributors tried to keep pace with sales that rose by the most since November 2009. The 1.1 per cent increase in stockpiles followed a revised 1.3 per cent
      Bloomberg  -  433 words
    • Article
      Lock icon Portugal bond yields jump; govt says they aren’t sustainable
      482 16 Reuters [LISBON] Portugal’s twoyear cost of borrowing hit the highest level since it joined the euro in a bond auction yesterday, and the government said yields were unsustainable in the long run without Europewide action. Still, Treasury Secretary Carlos Pina rejected
      Reuters  -  482 words
    • Article, Illustration
      Lock icon Japan names new foreign minister
      598 17  -  Move may be partly designed to repair relations with China By ANTHONY ROWLEY in Tokyo IN a move that appeared designed partly to mend fences with China, Japanese Prime Minister Naoto Kan yesterday appointed a junior Cabinet minister as foreign minister to replace Seiji Maehara
      598 words
    • Article
      Lock icon Telcos offer ‘bite-sized’ web access in emerging markets
      683 17 They want to hook such clients into using the Internet on their mobile phones Bloomberg [MEXICO] Rusdi, an Indonesian office worker, has never had a home Internet connection. Since getting a Samsung Electronics Co smartphone, he now gets online every day and
      Bloomberg  -  683 words
    • Article, Illustration
      Lock icon Berkshire takes US$2.25b in dividends from railroad
      580 18 This is almost triple Burlington Northern’s payout rate prior to Feb 2010 acquisition Bloomberg [NEW YORK] Warren Buffett’s Berkshire Hathaway Inc took US$2.25 billion in dividends from Burlington Northern Santa Fe (BNSF) in less than 13 months of ownership, almost triple the railroad’s
      Bloomberg; REUTERS  -  580 words
    • Article
      Lock icon Prudential posts 24% profit rise, ups dividend
      420 18 Bloomberg [LONDON] Prudential plc, the UK’s biggest insurer by market value, raised its dividend as full-year profit rose 24 per cent, beating analysts’ estimates, and earnings in Asia and the US increased. Operating profit climbed to £1.94 billion (S$4 billion), beating the £1.74
      Bloomberg  -  420 words
    • Article
      Lock icon Asahi bid for Aussie rival blocked
      232 18 Bloomberg [TOKYO] Asahi Breweries, owner of Australia’s sec-ond-largest soft-drink maker, has been blocked from buying rival P&N Beverages Australia by the nation’s antitrust regulator. The deal would remove a “vigorous and effective competitor” in the nation’s soft-drink market and increase Asahi’s ability to raise
      Bloomberg  -  232 words
    • Article
      Lock icon Nomura to trim commodities business, cut jobs
      573 19 Analysts, competitors surprised by move made in a bullish environment Reuters [SINGAPORE] Japan’s largest brokerage, Nomura Holdings Inc, is trimming its global commodities and ener-gy-trading business and cutting jobs just when the markets are booming and competitors are expanding to capitalise on the
      Reuters  -  573 words
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      315 17 www.itshow.com.sg Join us at facebook MOW 10"-- 13 th MARCH 2011 Suntec Singapore Levels 0, 0, 0, Q 0 12 noon 9 pm Daily FREE ADMISSION I.T DIGITAL MOBILE CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE WORTH WAITING FOR l TZ3) 4 DAYS ONLY! Plus Win 1st Prize Of S$20,000 CASH And
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      240 17 HALAL MAllURTLACl: Ml HAS Expanding your business horizon 8 INTERNATIONAL HALAL SHOWCASE Kuala Lumpur Convention Centre, KLCC, Malaysia 6-9 April 2011 MIHAS 2011, brings you more than 500 booths from 32 countries showcasing a variety of halal certified food, beverages, cosmetics, herbals, toiletries, pharmaceuticals, banking and more! Definitely an opportunity
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      259 18 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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      3823 19 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg UMS HOLDINGS LIMITED (Incorporated in Singapore) (Registration No: *****0340R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT THE ANNUAL GENERAL MEETING OF THE SHAREHOLDERS OF THE COMPANY WILL BE HELD AT 25 CHANGI NORTH RISE, SINGAPORE *****8 ON FRIDAY, 25 MARCH
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  • EDITORIAL & OPINION
    • Article
      Lock icon Boardrooms should not be male bastions
      517 20 EDITORIAL IT’S no coincidence that two new studies on corporate board diversity in Singapore and the region were published on International Women’s Day on Tuesday. Nor did the findings showing still-too-low numbers of women in the boardroom come as any surprise. What’s perhaps a
      517 words
    • Article, Illustration
      Lock icon US obsession with the M-E will only benefit China
      786 20  -  THE BOTTOM LINE LEON HADAR Washington Correspondent US PRESIDENT Barack Obama’s 10-day trip to Asia at the end of last year was seen as an effort by his administration to demonstrate that it was placing its relationship with the rising powers
      786 words
    • Article, Illustration
      Lock icon Is the world a better place for Asian women?
      996 20  -  Indicators show remarkable progress for women but there are still problems to be tackled By THERESA W DEVASAHAYAM The writer is fellow and gender studies programme coordinator at the Institute of Southeast Asian Studies THE world has seen unprecedented progress in
      REUTERS  -  996 words
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      Lock icon How beneficial are capital flows?
      907 21  -  IMF should make a more realistic assessment of what impact they have on emerging-market fiscal and monetary policies ANTHONY ROWLEY Tokyo Correspondent IF HUMILITY is the beginning of wisdom and admitting to ignorance the beginning of gaining understanding, then there is hope yet for the
      907 words
    • Article, Illustration
      Lock icon Lessons to be learned from Singapore
      1381 21  -  By NOEL PEARSON Noel Pearson is director of the Cape York Institute for Policy and Leadership. This is an edited extract from his 2011 Sir Robert Menzies Lecture delivered in Melbourne AFTER 10 years looking to North America and Britain for reform inspiration in
      ILLUSTRATION: LUDWIG ILIO  -  1,381 words
    • Article
      Lock icon SGX reply not convincing enough
      402 21  -  LETTER TO THE EDITOR Narayana Narayana Singapore IN his letter “Surveillance done on all counters” (BT, March 9), Singapore Exchange senior vice-president Richard Teng is at pains to rebut the BT Hock Lock Siew commentary “Enforce level playing field before suspension” (BT, March 4). He
      402 words
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      32 21 A KING IN OUR MIDST Kerala raja lives in East Coast and just turned 100 NO HURDLE’S TOO HIGH FOR DIPNA GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)
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  • AVIATION
    • Article
      Lock icon AIG unit to buy US$11b worth of jets, cancel A380 deal
      361 22 Reuters [ATLANTA] International Lease Finance Corp (ILFC), the world’s biggest planeleasing company, said it will order 100 narrowbody planes from EADS unit Airbus and 33 narrowbodies from Boeing Co, and scrap an order for 10 Airbus A380 superjumbo aircraft.
      Reuters  -  361 words
    • Article, Illustration
      Lock icon Cathay triples net income
      472 22 A surge in cargo volumes, passengers made it the world’s largest carrier Bloomberg [HONG KONG] Cathay Pacific Airways Ltd almost tripled annual profit after an increase in passenger numbers and a surge in cargo volumes that made it the world’s largest international air-freight carrier. Net income
      Bloomberg; AP  -  472 words
    • Article
      Lock icon Air France, BA risk derailing recovery as they add seats
      501 22 Bloomberg [LONDON] Air France-KLM Group and British Airways (BA) are among major carriers risking a decline in fares as they add seats faster than demand for flights expands. Global capacity rose more sharply than traffic in December and January for
      Bloomberg  -  501 words
    • Article
      Lock icon Orders for 27 planes
      123 22 AFP [HONG KONG] Cathay Pacific said yesterday that it would buy 27 planes from Airbus and Boeing in a deal worth as much as US$6.55 billion, as the carrier reported a record profit for 2010. The Hong Kong airline said it had struck a deal with
      AFP  -  123 words
    • Article
      Lock icon EADS rebounds with 355m euro Q4 net profit
      436 22 AP [MUNICH] European aerospace giant EADS NV revealed yesterday that lower charges for delayed programmes such as its A400M military transport plane helped it return to profit in the fourth quarter. However, the parent company of Boeing rival Airbus forecast flat earnings
      AP  -  436 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3298 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 KU6458 1425 SQ458 1425 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 MU8213 1830 QF81 1830 Ahmedabad NH6292 1850 SQ530 1850 Amsterdam LO4031 0605
      3,298 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      354 22 CRYPTIC CROSSWORD Across 1 Sad call after falling over on road (8) 6 One might be greatly distressed losing this VIP (6) 9 This is lacking? Then king must be given one! (6) 10 French city chucked out undesirable person (8) 11 About to enter city, about to return for
      354 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    4286 23 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 23 Advertisements
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      27 23 Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES
      27 words
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  • SHIPPING
    • Article
      Lock icon Singamas turns around with US$93m full-yr profit
      492 24  -  Revenue jumps five-fold, from US$274.6m in 2009 to US$1.4b last year 24 JOYCE HOOI THE container box famine of yesteryear has proved to be a feast for container box manufacturer Singamas Container Holdings. The Hong Kong-listed firm’s bottom line for the year ended
      492 words
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      Lock icon Oil tanker bookings for Libya end
      398 24 No activity as oil supply has been disrupted: Clarkson Bloomberg [LONDON] Tanker bookings to pick up Libyan oil cargoes have ended, the world’s largest shipbroker said, as an uprising against leader Muammar Gaddafi disrupts supply. As much as 1 million barrels of Libya’s 1.6
      Bloomberg; AP  -  398 words
    • Article
      Lock icon Tanker rates doubling as ships go slow
      484 24 Move reduces vessel supply and lowers fuel costs Bloomberg [LONDON] Supertanker owners are coping with the second-highest fuel costs on record by sailing ships at the slowest speeds in at least three years, reducing vessel supply and bolstering charter rates. The carriers, each
      Bloomberg  -  484 words
    • Article
      Lock icon US to enact new ballast water rules
      246 24 Reuters [CHICAGO] To keep new invasive species out of US waters such as the Great Lakes, the United States must enact stricter rules on treating ship ballast water under a settlement reached on Tuesday with environmental groups. Under the agreement, the US Environmental
      Reuters  -  246 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 24 SGX '000 Mar 9 S$ +/-Vol CH Offshore 0.47 0.01 181 Chuan Hup Hldg 0.24 -0.01 10 Cosco Corp 2.00 -0.03 7234 CWT Ltd 1.21 -0.01 1331 Ezra Hldgs 1.77 -0.01 2986 First Ship Lea 0.42 unch 390 Freight Links 0.06 -0.01 577 Grand Banks unch unch 0
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8485 25 Transaction date: Mar 9 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 8Telecom 17.5 unch 170 17.5 17.5 17 18 7.8 3.5 3.7 83.8 12 4.5 A-Sonic 7 -0.5 560
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    • Article
      Lock icon SGX CATALIST
      1586 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 t AA Grp 4.5 4 5 21.4 4.3 225 130 t APStrategic 169 159 167 100.3 1.5 0.5 t Advanced System 0.5
      1,586 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9586 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.35/ APS Alpha Fund (USD)!** 1.07/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM
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    • Article
      Lock icon GLOBALQUOTE
      238 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 AVJennings A53cd 52 56.5 3.6 6.6 4.2 138 55 16 Genting HK US$ US41.5 +0.5 ***** 42 40.5 41 41.5 2732.6 21 8 Over&Gen A14
      238 words
    • Article
      Lock icon SGX ETF
      822 26 52-Wk Last Vol Day Last Quote DivGr Yld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 111.5 +0.4 5 111.5 111.5 111.5 113 509 1070 761 CIMBAsean40 100US$ US1021 1022 1034 40.8 350 270 DBS STI
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 27 In local curr In S$ In US$ dy yr dy yr dy yr Mar 8 Index Change Change Change Change Change Change World Index Preliminary 933.6 0.5 4.0 0.5 3.8 0.2 4.8 EAFE Preliminary 822.9 0.2 2.7 -0.2 3.2 -0.5 4.2 Europe Preliminary 1200.0 0.3
      374 words
    • Article
      Lock icon INTERBANK RATES
      177 27 Mar 9 $S Offer Bid 0vernight 0.01 par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.02 US$ 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 0.58 0.48 9 months 0.80 0.60 12
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Mar 9 S$ Bid Offer 1-month 1.2680 1.2691 2-months 1.2679 1.2689 3-months 1.2677 1.2688 6-months 1.2672 1.2683 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 Mar 09 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.321 1.247 Can dollar 1.33 1.279 Euro 1.795 1.726 Sterling pound 2.088 2.008 NZ dollar 0.964 0.919 US dollar 1.287 1.238 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 27 Mar 9 Open High Sett STI Mar 0.087 SIMSCI Mar 365.6 367.4 364.9 Taiwan Mar 312.2 314.4 313.0 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      62 27 Mar 9 Mar 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 11 1422 Apr 11 3623 3621 3638 3604 936 ***** May 11 3585 3585 3619 3557 9827 ***** Jun 11 3552 3558 3590 3531 1744
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      466 27 Mar 9 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.6900 0 4827 Jun11 99.6350 0 2107 Sep11 99.5350 0 4014 Dec11 99.3700 0 3670 EUROYEN TIBOR FUTURES Mar11 99.6600 0 6302 Jun11 99.6525 0 1563 Sep11 99.6450 0 866 Dec11 99.6300 0 1928 Mar12 99.5950
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    • Article
      Lock icon SICOM FUTURES
      138 27 Mar 9 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Apr 11 518.0 511.9 518.0 18 May 11 518.0 Jun 11 520.0 Jul 11 520.0 20 Aug 11 520.0 Sep 11 512.0 Oct 11 510.0 Nov 11 510.0 Dec
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    • Article
      Lock icon GOVERNMENT SECURITIES
      79 27 Mar 9 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 09.06.2011 0.31 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 102.51 5-Year N*****0S 2.875 01.07.2015 107.54 107.63 107.6 10-Year NY*****N
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    • Article
      Lock icon CHICAGO BOT
      107 27 Mar 8 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 11 1375.50 1387.75 1389.25 1368.00 May 11 1382.00 1395.00 1396.00 1374.00 Jul 11 1390.00 1402.75 1403.25 1381.50 Aug 11 1380.25 1391.75 1388.00 1371.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 11 57.97
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 27 CRUDE OIL PRODUCTS Mar 8 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 113.64 -3.21 WTI (Near Mth) 104.96 -0.52 Dubai (1-Mth F) 109.70 -2.02 Tapis blend 119.62 -2.44 Minas 115.42 -2.44 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 108.28 -2.83 Jet Kerosene 130.65 -2.55 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2544 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 24 1 56 1 10 -7 1.52 56 Asia-Pacific Strategic W*****6 27.5 -4.5 4 1 150 5 6.15 38 ASJ Hldgs W*****1 1.5 1 4 22 3.00 11
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 27 Mar 9 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.979 6.628 0.725 7.858 45.394 88.483 0.835 11.247 3.059 1.365 85.946 43.775 1.280 6.960 0.943 29.643 30.590 0.624 1.009 Canada 1.021 6.767
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    • Article
      Lock icon SIBOR
      64 27 Mar 9 (US$) (5$) I mth 0.***** *****0 2_mths 0 ***** *****1 3 mths *****1 0.***** 6 mi! is 0.***** 0.***** 9 mths 0.***** 0-***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) I mth ,...0.***** 2 mths.. ...0.***** 3 mths.. .*****4 0.***** 0 ***** 0.***** SWAP Mid rates
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Mar 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2790 1.2806 1.0085 1.0090 Canadian dollar 1.3057 1.3075 1.0295 1.0302 Euro 1.7632 1.7651 1.3903 1.3907 NZ dollar 0.9372 0.9386 0.7390 0.7395 Sterling pound 2.0509 2.0532 1.6172 1.6177
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    • Article
      Lock icon PRECIOUS METALS
      142 27 Mar 9 GOLD (US$/oz) Mar 08 Mar 09 Hong Kong 1427.80 1426.00 Mar 07 Mar 08 London 1434.37 1428.52 1435.14 1429.29 Source: Thomson Reuters CAST BAR Mar 09 (S$) Selling Buying Kilobar "62,333.92" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 140 58 5gm 396 291 10gm 708
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    • Article
      Lock icon LONDON METALS
      71 27 Mar 8 Mar 8 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2561.25 2524.25 3 months 2596.00 2558.00 Copper, Grade A (US$/tonne) Cash 9518.00 9489.00 3 months 9530.00 9499.00 Lead (US$/tonne) Cash 2600.75 2591.00 3 months 2590.00 2580.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon LIFFE
      82 27 Mar 8 COCOA (£/tonne) Close Prev High/Low Mar 11 2320 2350 2390/2315 May 11 2320 2346 2387/2315 Jul 11 2278 2295 2330/2274 Sep 11 2259 2270 2306/2254 COFFEE (US$/tonne) Close Pev High/Low Mar 11 2420 2362 2424/2394 May 11 2462 2403 2466/2416 Jul 11 2473 2416 2477/2429 Sep 11
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  • BizIT
    • Article
      Lock icon Server density forcing DC changes
      832 28  -  Trend likely to impact slew of companies as S’pore races to be data centre hub of Asia, writes RAJU CHELLAM writes RAJU CHELLAM THE huge surge of data being generated combined with the rap-id-fire increase in deployment of thin or blade computer servers is causing
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    • Article, Illustration
      Lock icon Visa embraces mobile payments via buyouts
      724 28  -  It bought PlaySpan at $190m and CyberSource for $2b By VICTORIA HO PLASTIC credit cards are not the only way cashless payments are offered to customers. A rise in payments made via mobile phones is spreading electronic cash transfers over different methods, from physical
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    • Article
      Lock icon IT Show celebrates a decade of gadget bargains
      381 28  -  By VICTORIA HO IT shows in Singapore have weathered the economic storm over the past two years, buoyed by Singaporeans’ indomitable enthusiasm for IT products. And the shows have kept growing, with exhibitors reporting larger turnouts and exhibition spaces each year. Sitex,
      381 words
    • Article
      Lock icon Infosys aims to acquire specialist tech firms
      219 28 Bloomberg [MUMBAI] Infosys Technologies Ltd, hoarder of the biggest cash pile in India’s computer-services industry, is searching for acquisitions to add companies that specialise in providing healthcare and government services. A team is scanning “day-in and day-out” for such technology companies and is
      Bloomberg  -  219 words
    • Article
      Lock icon Sony adds more features to iTunes movies
      113 28 AP [LOS ANGELES] Some of Sony Corp’s movies sold through Apple Inc’s iTunes store are now available with extra features that enable people to search scenes for actors and bits of dialogue by typing terms into a computer. Other features allow viewers to
      AP  -  113 words
  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      120 28 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? •ACRAto pay more attention to corporate governance and smooth the path for SMEs.
      120 words
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      Lock icon Page 28 Advertisements Column 2
      11 28 A 5 'fMi'iiAvrl llOTIEMIEHT LOG ON TO WWW.R00I0913.COM JOB MORE RETAILS
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  • PROPERTY
    • Article
      Lock icon Wooing international brands here
      1234 29  -  PETER SEE-TOH, MICHELLE LAM and GLEN KOH look at Singapore’s appeal to these notable retailers PETER SEE-TOH, MICHELLE LAM GLEN KOH The writers are from Knight Frank Pte Ltd. Peter See-Toh is managing director, retail services; Michelle Lam is marketing executive, retail services; and Glen Koh
      Source: Knight Frank  -  1,234 words
    • Article
      Lock icon Houesehunt PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 28 WITH CONTRACT DATES BETWEEN FEB 9 AND FEB 15, 2011
      1238 29 H ouesehunt PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 28 WITH CONTRACT DATES BETWEEN FEB 9 AND FEB 15, 2011 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 14/02/2011 99 710 1221 1720 One Shenton Apt
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      Lock icon Signs of a quieter en bloc cycle
      1519 30  -  CHIA MEIN MEIN, ONG TECK HUI and KARAMJIT SINGH give their outlook on collective sales this year CHIA MEIN MEIN, ONG TECK HUI KARAMJIT SINGH The writers are from Credo Real Estate. Chia Mein Mein is senior manager (investment sales), Ong Teck Hui
      Source: Credo Real Estate  -  1,519 words
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      Lock icon Warisan Merdeka – the next big KL draw
      632 31  - Warisan Merdeka the next big KL draw But 100-storey project is shelved for now following public outcry By in Kuala PAULINE NG in Kuala Lumpur NOW that the area around the iconic Petronas Twin Towers has become congested, Kuala Lumpur needs a new attraction to advance the city’s growth. The
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      885 32 Developers spruce up Hokkaido’s Niseko into luxury ski resort to attract China tourists Bloomberg [TOKYO] The sons of two Asian billionaires are trying to turn a Japanese village into the region’s Aspen, with US$620-a-night rooms and US$1.3 million apartments. Richard Li, son of Li Ka-shing,
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      Lock icon Grand Tower up for en bloc sale with $92m tag
      277 32  -  By KALPANA RASHIWALA GRAND Tower at Moulmein Rise near Novena MRT station has been put up for collective sale with an indicative guide price of $92 million or about $1,430 per square foot of potential gross floor area. No development
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      200 30 Quillion builds multi million dollars investment property portfolios for people who want to invest in their future Luxurious Residential Properties Penthouses NassimPkRes Marina Bay Res The Marq Orchard Res Bungalows Nassim Rd Victoria Pk Sentosa Leedon Pk Bloc sales 8 units ofapts@ Sentosa 12 units of apts Orange Grove 24
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      76 30 Massive development scale Bunbury CBD FOR SALE Boundary indicative 14 Victoria Street, Bunbury, Western Australia Western Australia’s biggest regional city 19,500sqm* of built form potential Site Area: 5,627sqm* with 3 street frontages Z oning: City Centre; Plot Ratio: 3.5:1 www.realcommercial.com.au/*****73 *Approx. FOR SALE BY OFFERS TO PURCHASE Closing 4pm (WST)
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      143 30 For Sale By Tender District 10 Prestigious Good Class Bungalow at Dalvey Road 2-storey Balinese Designed detached house on elevated land Site Area: approx 15,081 sq ft Tenure: Freehold Within “White House Park” Good Class Bungalow Area, under Master Plan 2008 Total Floor Area: approx 8,680 sq ft Selling with
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      77 30 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. MATS NOTICES FREEHOLD PETROL STATION IN AUSTRALIA FOR SALE Inviting expression of interest to purchase a freehold petrol station in a prime Metropolitan Location featuring a 10-year lease at
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      383 31 D11 PRIME FREEHOLD RESIDENTIAL REDEVELOPMENT SITE FOR SALE GRAND TOWER Parkway Novena Hospital Tan Took Seng Hospital Square 2 Novena Medical Ctr NOVENA o c. r SUBJECT PROPERTY e -Z- -t. Velocity soleil Sinaran RISE 1 Moulmein Rise 4/ *7- V, Trilight L'viv RO NEWTON To Orchard Rd Newton Circus
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      55 31 JONES LANG WJ LASALLE Real value in a ihanging mrlJ SEMI-D AT WATTEN ESTATE •3,972 sq ft FREEHOLD land with wide frontage 1 km to Nanyang, Hwa Chong, Raffles and NJC •Walk to future Tan Kah Kee MRT Station (2015) •Rarely available For more information, please contact: 9618 7188/9188 1978
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      371 32 A waterside destination with great London links and up to 5.5% rental yields MAPLE QUAYS fl! CANADA WATER Olympics 2012 Maple Quays Canary Wharf The 02 Arena Ml N fWl 35 ll ll PRE-SELLING NOW London Property Seminar Thu 10th March. 6.30pm 9.30pm LIMITED SPACES AVAILABLE Global Launch Sat 12th
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      69 32 Australian Property Finance Have you recently bought an Australian property and need a loan to complete the transaction"? Already own and want to ensure you have the best loan? Contact Specialist Mortgage here in Singapore for free impartial advice to review all of your options. mi LipgjjK. Specialist Mortgage (In
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      253 32 Come along to our aussieproperty.com Expo and meet the developers from Australia and find out about their latest property opportunities. The Seminar Schedule March 12th 10.30am 11.00am 11.00am 11.30am 1.30pm 2.00pm 3.00pm -4.00pm Why invest in Brisbane (Position International) Introducing Urban Edge A balanced property investment (Position Property) Tax and
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      196 33 THE BUSINESS TIMES SS1.00 online at http://www.businesstimes.c0m.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA(P) 138/08/2010 Thursday, March 10, 2011 Performance Motors Limited SOAR ABOVE IT ALL. Travel in luxury aboard a private jet, complete with a full-service crew that's on-call and waiting for you. pml-bmw.com.sg Sheer
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      114 34 L, mr> f PRINCIPLES OF LEADERSHIP The BMW 7 Series. Inspired by the core principles that take leaders from success to success. ACCEPT NO COMPROMISE. SET EXACTING STANDARDS, THEN EXCEED THEM. FOLLOW YOUR INSTINCTS. MAKE DECISIONS AN EXTENSION OF YOUR INSTINCT. DARE TO INNOVATE. PIONEER TECHNOLOGIES THAT MAKE CHANGE HAPPEN.
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      176 35 THE FIRST PRINCIPLE ACCEPT NO COMPROMISE. In business and in pleasure, leaders set exacting standards for others to follow, and goals to exceed. Meet your equal in the BMW 7 Series, a statement of the finest craftsmanship ever to grace an automobile. Where every detail is meticulously considered, and no
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