The Business Times, 28 March 2011

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Total Pages: 30
1 30 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Monday, March 28, 2011
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  • 471 1  -  No sharp drop seen in near term, but concern is whether supply chain effect will impact demand, such as for plastics, by China By RONNIE LIM [SINGAPORE] Singapore’s petrochemical industry is unlikely to see any sharp fall-off in demand from quake-hit Japanese industries in the near
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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 3,070.84 +135.06 KL COMP 1,515.55 +11.66 NIKKEI 225 9,536.13 +329.38 HANG SENG 23,158.67 +858.44 SET INDEX 1,037.73 +34.44 JAKARTA COMP 3,607.11 +113.04
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  • 966 1  -  Radioactive iodine concentrations high in nearby seawater By ANTHONY ROWLEY in Tokyo STRONG surges in radioactivity were reported yesterday at Japan’s crisis-strick-en nuclear power plant in Fukushima on the country’s tsunami-ravaged northeast coast while radioactive iodine concentrations were also found to have reached
    AFP  -  966 words
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    • 42 1 AGM WATCH S-chips in hot seat in latest AGM season PAGE 5 Japan disaster: Impact and recovery VIEWS FROM THE TOP I PAGES 10-11 Middle East woes: Syria to lift emergency rule; Libyan rebels retake Bin Jawad town I PAGE *****1 *****4
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    • 24 1 AUSTRALIAN GRAND PRIX Vettel impresses with pole to flag victory PAGE 17 COMMENTARY Sendai quake and Japan’s stock market VIKRAM KHANNA I PAGE 3
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    • 115 1 BizIT Growing need for security software for phones PAGE 30 DINING OUT Picture perfect spring creations PAGE 23 THE DRIVER'S WATCH No other watch is engineered quite like a Rolex. The Cosmograph Daytona, introduced in 1963, was designed to meet the demands of professional race-car drivers and quickly earned its
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  • TOP STORIES
    • 569 2  -  Most listed firms active in branding post revenue rise averaging 23.2% By TEH HOOI LING [SINGAPORE] There’s a link, it seems, between corporate branding and financial performance, a recent study of 100 companies listed on the SGX shows. The study asked companies if they
      Source: StrategiCom  -  569 words
    • 821 2  -  WALL STREET INSIGHT By ANDREW MARKS in New York STOCK market investors stanched the bleeding in their portfolios last week after a fortnight of hard knocks. All three major US stock market indices recovered lost ground, and in the broader market, solid
      REUTERS  -  821 words
    • 864 2  -  COMMENTARY By KALPANA RASHIWALA A TENDER for an executive condominium (EC) site at Choa Chu Kang Drive last week fetched a top bid which was a record $320.86 per square foot per plot ratio (psf ppr). It was a record by just by
      864 words
    • 438 2 Japan petrochem demand stays SINGAPORE’S petrochemical industry is unlikely to see any sharp fall-off in demand from quake-hit Japanese industries in the near term. But the concern, going forward, is the supply chain effect from Japan, and whether it will impact demand by China’s TV and computer makers.
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    • 1435 3  -  Whether it emerges winner depends on the country’s new policies, their implementation and the state of the global economy COMMENTARY VIKRAM KHANNA Associate Editor MA R C H 1 1 2011, will probably remain etched forever in the Japanese consciousness. The earthquake and tsunami
      REUTERS  -  1,435 words
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  • SINGAPORE MARKETS
    • 487 4 CURRENCIES Bloomberg [NEW YORK] The euro fell against the dollar from the highest level in almost four months as European Union leaders failed to solidify a permanent bailout mechanism during a summit that ended on Friday. Declines in the 17-nation currency last week
      Bloomberg  -  487 words
    • 513 4  -  COMMODITIES By THOMAS MCMAHON The writer is CEO of SMX. To find out more about the Singapore Mercantile Exchange’s product offerings, please visit www.smx.com.sg AS the world’s most traded commodity, crude oil derivatives volumes exceed their physically-trad-ed volumes by approximately 10 times.
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    • 1639 4 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Prop Ltd 2.73 2.73 11 13.82 7.89 1.34 1.09 Amtek Engg Ltd 1.75 1.75 4 13.81 9.06 1.61 1.25 ARA Asset Mgt Ltd 1.75 1.75 4
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    • 4 4 WEEKLY
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    • 66 4 Mar 25 VALUE CLOSE BT OB/OS 286.00 +397.0 BT CADI -*****.00 +138.0 BT 10-day MA -*****.00 +28.00 FTSE ST Mid Cap 761.42 +5.44 FTSE ST Small Cap 543.04 +2.33 FTSE ST All Share 757.68 +6.39 FTSE ST China Top 275.48 +4.67 FTSE ST China 308.39 +5.85 FTSE
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    • 61 4 VOLUME HPH Trust US$ 753,403,000 Golden Agri 411,863,000 Genting SP 405,264,000 Dyna-Mac 216,966,000 ChinaGaoxian 139,905,000 GLP 123,470,000 Noble Grp 116,563,000 RafflesEdu 109,970,000 SingTel 103,584,000 *Genting HK US$ 101,054,000 VALUE($) HPH Trust US$ 919,372,750 Genting SP 798,979,940 SingTel 302,620,521 Golden Agri 276,682,480 Keppel Corp 266,462,677 Noble Grp 246,404,163
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    • 587 4  -  STOCKS R SIVANITHY Senior Correspondent OF immediate interest for punters is whether the Straits Times Index, which enjoyed five consecutive rises last week and gained 135 points along the way, will continue to do so until Thursday at least, that being the
      587 words
    • 118 4 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 822.7 5.4 IS S&P500 ***** 545.5 3.4 DBXT MSKorea 10US$ 5967 503.9 7.2 Jardine C&C 3688 346.0 10.4 DBXT SPASX200 10US$ 3526 254.5 6.1 DBXT MSJAP 10US$ 3881 221.7 4.8 DBXT DBLCI-OY 5US$ 4168 219.2 4.4 DBXT FTChina25 10US$ 3180 200.3
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    • 118 4 BY CENTS CLOSE DOWN GLD 10US$ *****-718.1 -3.9 DBXT S&P Short 10US$ 4280-147.4 -2.7 SIMSCI360MBePW*****9 21 -25.5 -54.8 DBXT MSPacExJp 10US$ 437 -20.2 -3.5 Lyxor EasternEurope1 576 -20.2 -2.7 DBS Bk 4.7% NCPS 100 ***** -18.0 -0.2 STI 3000BNPePW*****8 9.5 -17.5 -64.8 STI 3050BNPePW*****0 25.5 -16.5 -39.3 STI 3100BNPePW*****0
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    • 5 4 WEEKLY
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    • 152 6 sentiment MAR 25 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Energy 0.120 20.0 5,400 Goodpack 1.950 12.7 7,800 China Taisan 0.155 10.7 6,200 China XLX 0.415 10.7 7,055 Dairy Farm 10.305 9.0 10,305 Hi-P 1.130 8.7 14,690 Sunvic Chemical 0.690 7.0 20,700 Parkway Life Reit
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    • 469 6  -  TEH HOOI LING Senior Correspondent FEARS from the Japan nuclear crisis subsided and buying returned to risk assets, leading to our portfolios climbing by an average 4.6 per cent last week. That’s the same growth quantum as that of the Straits Times Index.
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    • 172 6 MARCH 25 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Kangda Food 0.100 17.6 2,600 Goodpack 1.950 12.7 9,750 Mercator Lines 0.225 12.5 8,550 Golden Agri-Resources 0.685 7.0 19,180 Biosensors 1.160 6.4 23,200 Noble Group 2.160 6.4 23,367 First Resources 1.320 5.6 25,080 CSE Global 1.230 5.1 8,610
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    • 172 6 MAR 25 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Flexible Packaging 0.130 13.0 3,770 Tuan Sing 0.310 12.7 16,120 China Merchants (Pacific) 0.650 12.1 7,150 Hong Fok 0.560 10.9 10,080 Sunningdale Tech 0.155 10.7 7,750 Singapore Land 6.880 8.5 13,760 Golden Agri-Resources 0.685 7.0 19,180 Fuxing China
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    • 1588 6  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited THE 4.6 per cent rebound in the market last week resulted in a slowdown in the buying by directors based on filings on the Singapore Exchange from March 21 to 25.
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    • 161 6 MAR 25 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE JES International 0.310 14.8 16,120 China Fishery 2.070 14.4 18,630 Mercator Lines 0.225 12.5 8,550 China Taisan 0.155 10.7 6,200 Dapai 0.170 9.7 4,590 Hong Leong Asia 2.770 8.6 19,390 Swiber 0.825 8.6 8,250 CSC Holdings 0.135 8.0 7,020
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    • 157 6 top losers MARCH 11 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE Reyphon Agriceutical 0.110 22.2 22,000 China Energy 0.120 20.0 4,920 Cosco 2.130 18.3 12,780 Synear Food 0.175 16.7 5,250 Sunshine 0.055 10.0 11,000 Ellipsiz 0.125 8.7 12,500 China Oilfield Tech 0.075 7.1 5,325 Sinostar 0.155 6.9 9,610
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    • 172 6 MAR 25 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Merchants (Pacific) 0.650 12.1 7,150 MFS Technology Ltd 0.140 12.0 3,780 Singapore Shipping Corp 0.235 9.3 4,935 Hong Leong Asia 2.770 8.6 19,390 Stamford Land 0.615 6.0 11,070 CDL Hospitality Trust 2.000 5.8 14,000 FJ Benjamin 0.370 5.7
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  • COMPANY NEWS
    • 648 5  -  Besides accounting lapses, there’s also concern about M-E unrest, Japan quake AGM WATCH By MICHELLE TAN ting irregularities at China Gaoxian, China Hongxing and Hongwei Technologies. Last week, China Gaoxian disclosed that its auditors Ernst Young could not verify or confirm the
      648 words
    • 817 5 COMPANY PLACE DATE TIME CNA Grp E Gallery Hotel, 1 Nanson Road March 28 10.00am Robertson Quay, Singapore *****9 STX Pan Ocean A STX Namsan Tower, 631 Namdaemunno 5 ga, March 28 10.00am Jung-gu, Seoul 100-803, Korea Fragrance Grp A 168 Changi Road #05 01 (Attic Level) Fragrance
      817 words
    • 487 7  -  They have US$1t, raised before the crisis; US$434b for buyouts, says Bain By WINSTON CHAI A COMBINATION of a trillion in capital overhang and pent-up hunger for wheeling and dealing is set to make the region a prime target for private equity
      BLOOMBERG FILE PHOTO  -  487 words
    • 382 7 Mar 25 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
      382 words
    • Article, Illustration
      68 7 UNITED Overseas Bank’s deputy chairman and CEO Wee Ee Cheong handing out candy floss to a child from Very Special Arts Singapore yesterday as part of UOB’s Heartbeat Run/Walk. Some 8,000 staff from the bank took part in the event to raise funds for AWWA School, Fei
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  • Page 5 Advertisements
    • 106 5 Finance new opportunities That’s what commercial lenders can do when they’re smart about managing risk.And smart lenders can seed innovative new businesses by working with CME Group,the world’s leading derivatives marketplace.Emerging growth companies and financial institutions around the world come to us to manage virtually every kind of risk.Interest rate
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  • SINGAPORE NEWS
    • 332 8  -  ‘We have a good team,’ he says, adding ‘I think we will be ready.’ By WINSTON CHAI RESIDENTS in Ang Mo Kio GRC will probably see a familiar line-up of PAP (People’s Action Party) candidates in the upcoming general
      332 words
    • 805 8  -  Eight are based in Singapore and three in Hong Kong By CONRAD TAN BARCLAYS Wealth has hired 11 senior private bankers and investment advisers in Singapore and Hong Kong from its rivals as part of aggressive plans to expand its business serving
      805 words
    • 228 8  -  By WINSTON CHAI THE National Solidarity Party (NSP) has unveiled four of its five candidates who will be contesting the Tampines GRC (Group Representation Constituency) in the upcoming elections. NSP secretary-general Goh Meng Seng will be flanked by three fresh faces in his bid to
      228 words
    • 392 8  -  By LYNN KAN TWO new faces tipped to be fielded in the upcoming elections lawyer Daniel Tan and business consultant Tin Pei Ling were sighted alongside Marine Parade MPs at a community event yesterday. Neither Matthias Yao nor Ong Seh Hong
      392 words
    • 1662 8 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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    • 18 8 Branchen Stars R1C-A 21/03/11 140.67 EUR I db X-MACRO Trading Index Fund I4D 17/03/11 98.20 GBP
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    • 12 8 Double Joy Capital Guaranteed Fund R1D 17/03/11 10.06 USD
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  • Page 8 Advertisements
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    • 431 8 BRASKEM S.A. Avenida das Nações Unidas, 8501 São Paulo, SP *****-070 Brazil NOTICE OF REDEMPTION March 14, 2011 BRASKEM'S U.S.$200,000,000 9.00% PERPETUAL BONDS NOTICE IS HEREBY given by Braskem, S.A., a corporation (sociedade anônima) organized under the laws of Brazil (the "Issuer"), the issuer of the 9.00% Perpetual Bonds (the
      431 words
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1145 9  -  Here’re the top five mistakes salespeople could make while negotiating a deal, says PETER HIDDEMA The writer is a visiting professor of decision sciences at INSEAD, and founder CEO of Common Outlook Consulting Inc PICTURE the scene: It’s late in your fiscal year and you’re in
      1,145 words
    • 1001 9  -  DEEPA PANNIRSELVAM realises her long-time dream of going to the Middle East CAMPUS LIFE DEEPA PANNIRSELVAM The writer, a third-year SMU School of Information Systems student, is on an exchange programme at Carnegie Mellon University Qatar ON my first visit to Qatar, I thought
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      249 words

  • VIEWS FROM THE TOP
    • Article, Illustration
      4097 10 THIS WEEK’S TOPIC What will be the social and economic impact of the recent earthquake and tsunami, in Japan and globally? What can businesses do to mitigate this impact and also help speed up Japan’s recovery? Michael Zink Country Head Citi Country Officer, Singapore Citi Group WITH
      AFP  -  4,097 words

  • Page 11 Advertisements
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  • MALAYSIA/INDONESIA
    • 702 12  -  More resources and attention seem to be diverted to politicking than on action plans MALAYSIA INSIGHT PAULINE NG KL Correspondent ONE could almost have heard the collective sigh of ordinary Malaysians last Monday when news of a new sex video allegedly involving opposition
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    • 419 12 Abu Dhabi Commercial Bank still deciding on a second adviser Reuters [ABU DHABI] Abu Dhabi Commercial Bank (ADCB) has hired Goldman Sachs to sell its 25 per cent stake in Malaysian bank RHB Capital valued at US$1.4 billion, two sources with
      Reuters  -  419 words
    • 546 12 Central bank will shift its focus to term deposits Xinhua [JAKARTA] Indonesian central bank, Bank Indonesia (BI), will reduce the volume of its SBI debt paper issuance in phases and turn to term deposits to shift excess liquidity to other instruments, local media reported.
      Xinhua  -  546 words
    • 1919 12 Source: Thomson Reuters VOL Mar 25 RM +/-(‘000) A M Realty 0.47 unch 0 Abric Bhd 0.32 -0.01 169 Advance Synerg 0.26 0.01 1537 Adventa Bhd 2.41 unch 213 Ae Multi Hldgs 0.34 0.01 2470 Affin Holdings 3.44 0.02 618 Ahmad Zaki Res 0.90 unch 182 Aic Corp
      Source: Thomson Reuters  -  1,919 words
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  • ECONOMY WATCH
    • 668 13 Reuters [CALGARY, Alberta] The International Monetary Fund has warned Latin America that economies across the region are overheating, and Canada urged policymakers not to underestimate the risks from rising inflation. The calls for caution contrasted with an upbeat mood among many Latin
      Reuters; REUTERS  -  668 words
    • 291 13 AFP [WASHINGTON] One month into its unrest, the shutdown of Libya’s oil fields is creating strains in the world’s oil networks as consumers scour the world to replace its highly-prized “sweet” crude. With strongman Muammar Gaddafi entrenched and the conflict with rebels raging
      AFP  -  291 words
    • 511 13 Sentiment positive despite first fall since May; ECB rate hike likely in April NYT [FRANKFURT] A closely watched indicator of German business sentiment, while still indicating economic growth, declined on Friday, signalling that events in Japan and the Arab world could be making
      NYT  -  511 words
  • Page 13 Advertisements
    • 185 13 Emerging l* Enterprise t> Make your business glow with Emerging Enterprise Award 2011 V n <&< L am Co-Founders of Moveon Technologies Ltd Arnold Hoh, Managing Director (left) and Peter Tan, Director (right) Be one of the top three to empower your business with coveted prizes A leading solutions provider
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  • GREATER CHINA
    • 701 14  -  CNPC has submitted plan to NDRC and works should begin around June, it says By VIRGINIE MANIN in Beijing FRENCH oil and gas producer Total said it will “imminently” start drilling its first natural gas wells in Inner Mongolia’s Ordos
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    • 613 14 Online users are estimated at more than 450 million AFP [BEIJING] Like millions of Chinese, Liu Wen has fallen in love with group buying, which has electrified e-com-merce in a country where getting the best possible discount is virtually a national pastime.
      AFP  -  613 words
    • 525 14 AFP [TAIPEI] Taiwan enterprises have struggled for years to enter China, but now, just when access to the mainland market is becoming easier than ever, many are paradoxically heading back to their home island. One of them is Tai-pei-based restaurant giant Namchow
      AFP  -  525 words
    • 150 14 AFP [BEIJING] Chinese search engine giant Baidu apologised to writers who accused it of violating their copyright and promised to delete infringing items. “We will now make a concerted effort and devote considerable technological and manpower resources towards getting rid of any infringing content in the
      AFP  -  150 words
  • Page 14 Advertisements
    • 2712 14 NOTICES BUY IT- SELL IT- FIND IT Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising
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  • INDIA
    • 652 15 Concerns over rampant corruption, high inflation are knocking confidence AFP [NEW DELHI] Investors have turned bearish on India despite government forecasts of 9 per cent economic growth, as concerns over widespread corruption and high inflation knock confidence, analysts say. Only a few
      AFP; AFP FILE PHOTO  -  652 words
    • 474 15 AFP [NEW DELHI] He came, he saw, he charmed. Warren Buffett, known as the “Oracle of Omaha” for his legendary investment acumen, dispensed his trademark homespun wisdom and market savvy to Indians on his first visit to the fast-growing South Asian giant last
      AFP  -  474 words
    • 484 15 PM says India needs a political consensus on this key issue AFP [NEW DELHI] India’s prime minister has reaffirmed his Congress-led government’s commitment to economic reforms as the administration battles a host of corruption scandals. The new thrust on reforms is seen by analysts as
      AFP  -  484 words
  • Page 15 Advertisements
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  • WORLD
    • 468 16 Cabinet expected to resign this week amid political unrest AFP Bloomberg AP [DAMASCUS] Syria will lift a 48-year-old emergency law after it enacts an anti-terrorism legislation. Amid political unrest in the country, the authorities said it will also amend the constitution this week
      AFP; Bloomberg; AP  -  468 words
    • 683 16 Reuters [LISBON] Portugal’s caretaker government could seek a bridging loan if the country’s financial crisis escalates, the leader of opposition Social Democrats (PSD) said, adding he hoped no bailout would be needed. Pedro Passos Coelho told Reuters in an interview on Saturday that his
      Reuters; REUTERS  -  683 words
    • 386 16 They are now in control of all main oil terminals in east Reuters AP [BIN JAWAD, Libya] Rebels are in control of all the main oil terminals in the eastern half of Libya after retaking the town of Bin Jawad, 525 km east of
      Reuters; AP  -  386 words
    • 388 16 Reuters [SAO PAULO] Construction projects related to Brazil’s World Cup, already well behind schedule, have run into another unexpected problem financing. Of the US$14 billion that Brazil plans to spend on airports and other projects directly related to the Cup, more than 98.5
      Reuters  -  388 words
    • 528 16 Reuters [MADRID] Spain’s savings banks are struggling to attract private capital ahead of today’s deadline to present plans to the Bank of Spain detailing how they will boost capital reserves in line with tough new minimum levels. The only private investors to have offered to
      Reuters; BLOOMBERG  -  528 words
    • 691 17 Manufacturing at US plants may be affected when parts supplies start running out as soon as early April Bloomberg [TOKYO] Global carmakers may lose production of 600,000 vehicles by the end of the month as the earthquake in Japan halts assembly lines and
      Bloomberg  -  691 words
    • 671 17 Reuters [TOKYO] Japanese companies’ demand for funding has soared since the March 11 earthquake and tsunami, with the country’s top three banks seeing a surge in new loan requests, lenders said yesterday. Companies are rushing to secure extra financing to repair damage to
      Reuters  -  671 words
    • 615 17 Reuters [MELBOURNE] Red Bull’s Sebastian Vettel made a perfect start to his Formula One world title defence with a pole to flag victory at the season-open-ing Australian Grand Prix yesterday. The 23-year-old German blasted off the grid and never looked troubled
      Reuters; AP  -  615 words
    • 536 17 AFP [AYUKAWA] The Japanese whaling town of Ayukawa has survived the wrath of environmental groups for decades, but had no defence against a giant tsunami that wiped out the industry here, possibly for ever. One of only four communities in Japan that have continued
      AFP  -  536 words
    • 684 18 A Stockholm panel has sided with the Russian billionaires, who blocked the deal AFP [MOSCOW] One of the biggest energy deals in Russia’s post-Soviet history is on the verge of collapse amid questions about both the British giant BP’s credibility
      AFP  -  684 words
    • 432 18 It will be country’s fourth election in seven years AFP [OTTAWA] Canadians head to the polls on May 2 after the country’s Parliament handed Tory Prime Minister Stephen Harper’s government a vote of no-confi-dence. Canada’s governor general dissolved Parliament on Saturday after Friday’s
      AFP; REUTERS  -  432 words
    • 377 18 AFP [SYDNEY] The Australian Labor Party, which controls the government, has suffered a crushing electoral defeat in New South Wales, losing a state it has ruled for 16 years. Party officials termed the defeat a “massacre” as outgoing New South Wales premier Kristina Keneally
      AFP; PHOTOS: AFP  -  377 words
    • 849 18 Hollywood old boys club frays as studios go corporate NYT [BURBANK] For the past 12 years, Alan Horn’s movie operation has printed money for Warner Brothers, the largest of Hollywood’s studios. Sure, there have been flops and missteps. But Mr Horn, as Warner’s president
      NYT  -  849 words
    • 448 19 Company argues iPhone and BlackBerry infringe on its patent related to images Reuters [WASHINGTON] A US trade panel has agreed to review Eastman Kodak Co’s claim that Research in Motion Ltd (RIM) and Apple Inc are infringing on its patents in a
      Reuters  -  448 words

  • Page 17 Advertisements
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    • 24 18 Some S-chips have engaged legal advisers to amend Articles of Association of Chinese subsidiaries 不探 To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • Page 19 Advertisements
    • 2602 19 Keppel Telecommunications Transportation Ltd Co Reg No: *****0115G (Incorporated in the Republic of Singapore) Notice of Annual General Meeting/Closure of Books ALL MEMBERS ARE CORDIALLY INVITED TO ATTEND the annual general meeting of Keppel Telecommunications Transportation Ltd (the “Company”) to be held at Swissôtel Merchant Court, Merchant Court Ballroom B
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    • 4286 20 MATS <£P NOTICES BUY IT• SELL IT• FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF DRAGONLAND TECHNOLOGY PTE LTD (REGISTRATION NO. *****8672G) (INCORPORATED IN SINGAPORE) At an Extraordinary General Meeting of the abovenamed Company duly convened and
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    • 1201 20 Gul Technologies Singapore Ltd (Incorporated in the Republic of Singapore) (Company Registration No. *****3137E) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 22 nd Annual General Meeting of Gul Technologies Singapore Ltd (the "Company") will be held at the NTUC Centre, No. 1 Marina Boulevard, Room 801
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    • 2047 21 SOUND GLOBAL LTD. (Incorporated in Singapore with limited liability) (Company Registration No. *****5422C) Singapore Stock Code: E6E.SI Hong Kong Stock Code: ***** Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of SOUND GLOBAL LTD. (the "Company") will be held at 333 Orchard Road, Mandarin
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    • 2338 21 Straits Asia Resources STRAITS ASIA RESOURCES LIMITED (Company Registration No. *****4024R) (Incorporated in the Republic of Singapore on June 10,1995) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of STRAITS ASIA RESOURCES LIMITED ("the Company") will be held at 6 Shenton Way, DBS Tower
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  • AVIATION/SHIPPING
    • 604 22 Move follows flights landing without traffic control help as lone official slept AP [WASHINGTON] The Federal Aviation Administration gave air traffic controllers new procedures as officials try to contain the fallout from an incident last week in which two airliners landed at Reagan National Airport
      AP; AFP  -  604 words
    • 412 22 Panamax index also moves up on grains business, say traders Reuters [LONDON] The Baltic Exchange’s main sea-freight index, which tracks rates to ship dry commodities, rose for a fourth day, although slow activity was expected to weigh on vessel earnings in the
      Reuters  -  412 words
    • 257 22  -  By VEN SREENIVASAN SINGAPORE’S position as the most connected South-east Asian city to China has been reinforced with a new Xiamen Airlines service between Zhengzhou and the Republic. The arrival yesterday afternoon of the inaugural Zhengzhou-Xiamen-Singapore flight at Changi Airport also marked
      257 words
    • 264 22 SGX '000 Mar 25 s$ Vol CH Offshore Chuan Hup Hldg.... Cosco Corp CWTLtd Ezra Hldgs First Ship Lea Freight Links Grand Banks Jaya Hold Ltd KlVentures Keppel Corp Mercator Lines MTQ Corp NOL Pacific Shippi Pan-United Cor Rickmers Mari Samudera Ship Sembcorp Indus Sembcorp Marin Spore Ship
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    • 421 22 AP [NEW DELHI] A government aviation official and three other people have been arrested in a widening investigation of corruption in awarding flying licences to airline pilots, police said. The four men were arrested on Friday in New Delhi for their involvement with
      AP  -  421 words
    • 3020 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1300 SQ456 1250 EY473 1955 VA7473 1955 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 Amsterdam LO4031 0545 LO4032 2355 SQ323 0545 SQ324 2355 US5410 0545 US5411 2355 AZ3992 1525 KL835 1525 Athens
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  • Page 22 Miscellaneous
    • 303 22 CRYPTIC CROSSWORD Across 1 Signora upset after loss of one garment (6) 5 Small missile making a loud sound (8) 9 What judge should always be, as a precaution (4,2,4) 10 Every fruit doesn’t need peeling initially (4) 11 Tries once more, by end of stage, to practise (8) 12
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  • DINING OUT
    • 815 23  -  NEW CHEF By Jaime Ee Saint Pierre #01-01 Central Mall, 3 Magazine Road Tel: 6438-0887 IF SPRING heralds new life and new beginnings, then it also describes Saint Pierre’s latest menu and culinary team. With the departure of former chef de cuisine Paul Froggatt to Hong
      PHOTOS BY GENE MOK  -  815 words
    • 473 23  -  NEW RESTAURANT By Audrey Phoon The Glass House Hotel Fort Canning 11 Canning Walk Tel: 6559-6760 WHY is the poor all-day bistro, that most omnipresent of hotel dining options, usually consigned to the least impressive location on a hotel’s premises? How can
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  • Page 23 Advertisements

  • SINGAPORE STOCKS
    • 8819 24 Week ended: Mar 25 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 8Telecom 16.5 -1 75 17.5 16.5 16.5 18 7.8 3.7 3.5 79 12 4.5 A-Sonic 7 +0.5 1792 7
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    • 1754 25 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 t AA Grp 4.5 4 5 21.4 4.3 225 130 t APStrategic 160 157 168 94.9 1.5 0.5 t Advanced System 0.5
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    • 115 25 Stock name Close Change CapMallsAsia 1.770 +0.050 CapitaLand 3.330 +0.030 CapitaMall 1.880 CityDev 11.720 +0.340 ComfortDelGro 1.510 +0.010 DBS Grp 14.320 +0.080 F&N 5.720 +0.160 GLP 1.810 Genting SP 2.040 +0.030 Golden Agri 0.690 +0.005 Stock name Close Change HK Land 7.200 +0.250 JMH 44.140 +0.020
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    • 2646 25 Transaction date: Mar 25 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.50 -0.10 24 Aeon Stores 16.10 0.10 10 Angang Steel 10.38 0.02 9002 Anhui Conch 44.60 -0.45 9899 Anhuiexpresswa 6.27 0.03 1456 Asia Satellite 14.20 0.52 56 Asm Pacific 98.30 2.95 1219 Bank Of E Asia 32.00
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    • 256 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 AVJennings A52cd +1.5 14 53.5 50.5 51.5 54 3.6 6.7 4.2 135.4 55 16 Genting HK US$ US42 +3.5 *****4 43.5 39 42 42.5 2765.5
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    • 186 25 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 14 2 2 0 0 0 14 2 2 Manufacturing 147 32 39 18 10 14 165 42 53 Commerce 46 12 21 7 5 5 53 17 26 Tpt/Stor/Comms 40 2 5
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    • 908 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 112.5 +0.2 10 112.5 112.5 111.5 113 513.5 1070 761 CIMBAsean40 100US$ US1028 +31 90 1036 1002 1028 1036 41.1
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    • 121 25 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 124,071 124,071 425,813 425,813 Manufacturing 1,430,786 64,381 1,495,167 1,211,585 3,345 1,214,930 Commerce 396,409 78,988 475,397 586,371 8,901 595,272 Tpt/Stor/Comms 1,330,300 17,820 1,348,120 1,849,543 3,913 1,853,456 Finance 119,939 119,939 787,940 787,940 Construction 67,396 15,988 83,384 18,640
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  • Page 25 Advertisements
    • 26 25 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 26 In local curr In S$ In US$ dy yr dy yr dy yr Mar 25 Index Change Change Change Change Change Change World Index Preliminary 919.5 0.5 2.4 0.3 2.1 0.3 3.7 EAFE Preliminary 798.3 0.3 -0.3 0.0 0.7 0.0 2.3 Europe Preliminary 1184.3 0.2
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    • 177 26 Mar 25 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.30 0.20 1 month 0.38 0.28 2 months 0.43 0.33 3 months 0.48 0.38 6 months 0.58 0.48 9 months 0.80 0.60 12
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    • 22 26 Mar 25 S$ Bid Offer 1-month 1.2596 1.2607 2-months 1.2595 1.2605 3-months 1.2594 1.2604 6-months 1.2588 1.2599 Source: OCBC
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    • 158 26 Mar 25 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Apr 11 567.0 565.0 565.0 8 234 May 11 568.0 564.0 568.0 12 134 Jun 11 566.0 564.0 566.0 12 136 Jul 11 566.3 132 Aug 11 562.0 44
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    • 76 26 GOVERNMENT SECURITIE S Mar 25 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 23.06.2011 0.24 1-Year BY*****N 01.11.2011 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.46 5-Year N*****0S 2.875 01.07.2015 108.05 10-Year NY*****N 3.250
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    • 110 26 Mar 25 Mar 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 11 1358.25 1354.50 1367.75 1353.25 Jul 11 1368.50 1364.50 1377.75 1363.00 Aug 11 1367.00 1362.50 1376.25 1364.25 Sep 11 1358.25 1352.75 1366.25 1354.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May
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    • 77 26 CRUDE OIL PRODUCTS Mar 24 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 115.81 -0.23 WTI (Near Mth) 105.16 -0.01 Dubai (1-Mth F) 109.36 -0.51 Tapis blend 120.50 -0.50 Minas 118.20 -0.50 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107.67 -0.44 Jet Kerosene 133.45 -0.75 US$/barrel Opec Oil
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    • 3017 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 21.5 1 4074 1 10 -11 1.65 56 Asia-Pacific Strategic W*****6 23.5 -2.5 17 1 150 8 6.81 38 ASJ Hldgs W*****1 1 unch 194 1 4 11
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    • 121 26 Mar 25 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.329 1.254 Can dollar 1.315 1.265 Euro 1.821 1.751 Sterling pound 2.069 1.99 NZ dollar 0.972 0.926 US dollar 1.28 1.231 Local dollars to 100 units of foreign
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    • 27 26 Mar 25 Open High Sett STI Mar 3071 SIMSCI Mar 361.3 364.7 364.2 Taiwan Mar 304.0 308.4 306.3 Source: MF Global (S) Pte. Ltd
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    • 65 26 Mar 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 11 3360 3320 3360 3283 67 2606 May 11 3320 3288 3345 3245 3302 ***** Jun 11 3295 3261 3324 3219 ***** ***** Jul 11 3280 3252
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    • 477 26 Mar 25 Mar 25 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun11 99.6200 0 1887 Sep11 99.5250 0 4375 Dec11 99.3900 0 2675 Mar12 99.1800 0 301 EUROYEN TIBOR FUTURES Jun11 99.6650 99.6650 99.6650 99.6650 0 2823 Sep11 99.6625 0 1373 Dec11 99.6550 5 1941 Mar12
      477 words
    • 466 26 Mar 25 Mar 25 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.999 6.715 0.723 7.983 45.728 89.183 0.830 11.399 3.099 1.361 87.268 44.346 1.291 7.017 0.933 30.185 30.975 0.635 1.024 Canada
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    • 87 26 Mar 25 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** Mar 25 6 mths 0.***** 9 mths 0.*****
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    • 156 26 Mar 25 Mar 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2900 1.2914 1.0240 1.0243 Canadian dollar 1.2912 1.2929 1.0249 1.0254 Euro 1.7855 1.7872 1.4173 1.4175 NZ dollar 0.9477 0.9490 0.7523 0.7527 Sterling pound 2.0316 2.0338
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    • 138 26 Mar 25 GOLD (US$/oz) Mar 24 Mar 25 Hong Kong 1439.00 1433.50 Mar 25 Mar 24 London 1434.04 1445.40 1434.81 1446.10 Source: Thomson Reuters CAST BAR Mar 25 (S$) Selling Buying Kilobar 62,277.21 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 140 58 5gm 396 291 10gm 707
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    • 69 26 Mar 25 Source: Bloomberg Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2609.75 2600.75 3 months 2641.00 2630.00 Copper, Grade A (US$/tonne) Cash 9672.50 9704.75 3 months 9685.00 9715.00 Lead (US$/tonne) Cash 2703.50 2720.50 3 months 2670.00 2690.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months 2705.00 *****.00 Tin (US$/tonne)
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    • 81 26 Mar 25 COCOA (£/tonne) Close Prev High/Low May 11 2111 2074 2136/2069 Jul 11 2109 2074 2132/2069 Sep 11 2107 2073 2133/2069 Dec 11 2104 2076 2132/2074 COFFEE (US$/tonne) Close Prev High/Low Mar 11 2540 2505 May 11 2604 2569 2622/2594 Jul 11 2442 2426 2452/2430 Sep 11 2457
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  • 6046 27 n 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
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  • Page 27 Advertisements

  • Page 28 Advertisements
    • 47 28 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES SHIPPING TIMES I FREIGHT FORWARDER urgently needed by shippers 1 Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327
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  • Page 29 Advertisements
    • 1735 29 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com. SBS TRANSIT LTD (Incorporated in the Republic of Singapore) (Co. Reg. No.: *****6653M) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eighteenth Annual General Meeting of the Company will be held at the Auditorium, ComfortDelGro Headquarters, 205 Braddell Road, Singapore
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  • BizIT
    • 638 29  -  VR applications have mainstream uses in car design, technical training, health care By JERMAINE NG ONCE the domain of “serious gamers”, virtual reality (VR) will soon be used widely in industries for mainstream applications. Think car showrooms, aerospace technical training workshops or
      638 words
    • 925 29  -  New 4G networks unlikely to keep pace with growth driven mostly by video <you say> By JOHN GIERE The author is senior vice-president, products and marketing, Openwave Systems ONE of the primary reasons that more and more mobile operators are rolling out their 4G
      925 words
    • 546 29  -  By DVORA MEYERS NYT [NEW YORK] Nearly a year ago, my 70-year-old father sent me a friend request on Facebook. Though I publish my every movement from the mundane to the salacious on the site, and there might be things about my life
      NYT  -  546 words
    • 950 30  -  More people are storing sensitive data on mobile phones which need protection, writes AMIT ROY CHOUDHURY IN A NEW era in which smart phones have become the gateway to the Internet for a vast number of users, intrusion prevention software needs to
      950 words

  • Page 30 Advertisements
    • 184 30 Specialistsknow wheretofocus. That’swhatwedo. At First State Investments, we employ highly qualified professionals who have spent their careers honing their skills in the asset classes we invest in. This expertise allows us to focus on finding quality investment opportunities for our clients. From equity to fixed income, property to infrastructure, our
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