The Business Times, 29 March 2011

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Total Pages: 36
1 36 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sj£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Tuesday, March 29,2011
    23 words
  • 749 1  -  Central region resists overall dip for now, but luxury market also expected to stay flat By KALPANA RASHIWALA [SINGAPORE] Prices of completed private apartments and condos have slipped slightly, overall, as the government’s cooling measures made themselves felt. But those in the
    Source: NUS Institute of Real Estate Studies  -  749 words
  • 145 1 H ST INDEX 3,057.38 (-13.46) H ST INDEX FUTURES 3,057 (-14) H SIMSCI 361.59 (-1.35) H SIMSCI FUTURES 362.40 (-1.80) FOREX US$ S$ US$ (S$ per US$) 1.262 (US$/S$ per 1.598 2.017 EURO (US$/S$/E) 1.407 1.776 Foreign currency per US$ S$ YEN 81.70 64.80 RM 3.026 2.398 HK$
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  • 1071 1  -  Her lawyer says SMC’s ‘outrageous’ claims created a media sensation By MICHELLE QUAH [SINGAPORE] It was a courtroom packed to the gills that awaited the resumption of Susan Lim’s hearing yesterday, as rubberneckers of every shape and form turned up to witness the
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  • TOP STORIES
    • 582 2 Home prices slip but the ‘centre’ still holds PRICES of completed private apartments and condos have slipped slightly, overall, as the government’s cooling measures made themselves felt. But those in the most posh part of town are still holding their own. Latest flash estimates for February from National
      582 words
    • 847 2  -  Corporate profits set to take big hit as firms scramble to shift production By ANTHONY ROWLEY in Tokyo JAPAN’s key manufacturing industries could see production disrupted for long spells because of power cuts, which could reduce the country’s economic growth
      847 words
    • 514 2  -  By JOYCE HOOI [SINGAPORE] One of the big boys of shipping Neptune Orient Lines (NOL) has thrown its weight behind the fledgling Singapore Ship Sale Form (SSF). The shipping line has used the ship sale-and-purchase form in the sale of a
      514 words
    • 1109 4  -  Now may be the time for bargain hunters to pick up fundamentally sound stocks that have fallen By MICHELLE TAN [SINGAPORE] Just when everyone thought that they could stow away the painful memories and start rebuilding their lives following Japan’s devastating
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    • 697 4  -  They’re estimated to have fallen 20-25% from the preceding quarter By KALPANA RASHIWALA [SINGAPORE] Developers have sold about 3,2003,400 private homes (excluding executive condos) this quarter, down 20-25 per cent from the preceding quarter. CB Richard Ellis, which gave this estimate yesterday, also
      Source: URA, CBRE Research  -  697 words
    • 509 4 It happened after Western alliance took over from US AP AFP Reuters [BIN JAWWAD, Libya] Rebel forces yesterday fought their way to the doorstep of Muammar Gaddafi’s hometown of Sirte, a key government stronghold guarding the road to the capital Tripoli.
      AP; AFP; Reuters  -  509 words
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    • 298 3 •vwf > > r>,. >' h v 11 i wii 1 n V- S f V*.\ 1 ,< V vt; V: 1 t t I 1 V rnI r J.' ."i'U' I Y v Uf u r U. i ,t "O'V 1 >, *7 raaiK Efl' fry,,'.' y -JB j.'
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  • Page 4 Advertisements
    • 272 4 AsiaGlobal t Graduate School Distinguish yourself With a Prestigious Doctoral, Masters or BA (Honours) Degree in Singapore X' A\u\ A araf RAW A\\\I If! To register for Information Sessions or request for more information, please call 6226 3588 (6 lines) or email team@asiaglobal.edu.sg www.asiaglobal.edu.sg 13th Floor, International Plaza, 10 Anson
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    • 19 4 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings B6ATS NOTICES
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  • COMPANY NEWS
    • 496 5  -  Group looking to double China portfolio to 100 malls in 3-5 years By UMA SHANKARI CAPITAMALLS Asia (CMA) has applied for a secondary listing in Hong Kong which, among other things, will widen its funding base. CMA, a unit of Singapore’s largest listed property group
      FILE PHOTO  -  496 words
    • 995 5  -  HOCK LOCK SIEW By WONG WEI KONG THE role of audit committees has again come under scrutiny in the wake of recent accounting issues at Chinese companies, or S-chips, listed here. Last week, the Singapore Exchange (SGX) sent out reminders to audit committees
      995 words
    • 525 6  -  Exit offer of 36.5 cents a share values subsidiary at $78.12m By KELLY TAY INVESTMENT holding company SMB United Limited (SMB) yesterday proposed to delist EDMI Limited a metering solutions subsidiary from the Singapore Exchange (SGX). SMB will make a cash offer to
      525 words
    • 377 6  -  It may hit $2b order target despite soft bulk carrier market By LYNN KAN COSCOCorporation’sshares surged five cents to $2.06 yesterday following its US$1.05 billion tentative contract win from Sevan Drilling to build two ultradeepwater rigs last Friday. If the letters of intent
      377 words
    • 291 6  -  By HOON YI SHYUAN KOON Holdings has secured its first infrastructure project for the year a $15.25 million contract relating to the development of Tampines Logistics Park (TLP). The contract was awarded by JTC Corporation to Koon’s wholly owned subsidiary Koon Construction and
      FILE PHOTO  -  291 words
    • 341 6  -  By JERMAINE NG OVERSEA-Chinese Banking Corporation (OCBC Bank) has launched mobile banking and securities trading applications for Android phones. The new mobile banking application boasts a new “scan and pay” feature the first in Singapore which allows Android phone users to scan barcodes to
      341 words
    • 388 7  -  Price for feedstock fixed over 25 years, making urea plant a low-cost producer By FELDA CHAY OLAM International said yesterday that it has finalised the natural gas supply agreement with Gabon that will provide its planned US$1.3 billion fertiliser complex in the
      388 words
    • 379 7  -  Group will build Lincoln Suites in Newton area By MINDY TAN KOH Brothers Group announced a new contract win worth $63.15 million for the construction of Lincoln Suites. With this deal, the group’s existing contracts in hand stand at some $388 million. Lincoln Suites, a
      379 words
    • COMPANY BRIEFS
      • 99 7 HYFLUX Ltd said that Japan’s Mizuho Corporate Bank will provide the company US$26 million for the partial financing of the construction cost for the Hyflux Innovation Centre. The centre, which will house Hyflux’s headquarters and research centre in Singapore, is scheduled for completion in 2012. Hyflux has also
        99 words
      • 81 7 TRANSPORT group SMRT Corporation said that its chief financial officer, Lim Cheng Cheng, has resigned. Ms Lim, 39, who is also SMRT’s executive vice-president, tendered her resignation on March 22. SMRT said Ms Lim has resigned “to pursue her personal interests”. Ms Lim heads the
        81 words
      • 73 7 SWISSCO Holdings said its subsidiaries have placed orders, worth $27 million, for the construction of three Offshore Support Vessels (OSVs). The subsidiaries are Swissco Energy Services and Swissco Offshore. The OSVs, comprising one anchor-handling tug supply vessel and two utility vessels, will be built in
        73 words
  • Page 5 Advertisements
    • 147 5 Strategic Imagination: How Leading Innovators Th i n k Differently to Drive Change twill. 27 28 April 2011 Grand Hyatt Singapore A 2-Day Highly Interactive Workshop with Hands-On Learning Activities For C-Level Executives, Directors Senior Managers By America's leading futurist innovation guru JYmM 4 -A M 1 K-oAeM. CEO, futurethink
      147 words
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      144 words

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    • 327 6 Traumreiter-Paderborn Germany ESPLANADE PRES E NTS m GIL THE STRI CONCERT .t vf Bra if i m mm jV* 1 3 li ITLM-MI Group jfj^OSAlC With lyrics that could easily stand alone as poetry, in a Portuguese that revels in elegant wordplay, (Gilberto Gil's) songs ponder traditions (Brazilian and African),
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  • Page 7 Advertisements
    • 57 7 A good view can unblock minds and inspire ideas. Take your business to new horizons at The Concourse. S3!" rW; p, t-l i mm THE CONCOURSE. SET YOUR SIGHTS FURTHER For attractive leasing terms, please call Adam at 6390 2425, HONG FOK LAND LTD or email adamwong@hongfok.com.sg. All agents are
      57 words

  • SINGAPORE MARKETS
    • 561 8  -  STI first falls over 25 pts on HK and Japan weakness, but ends just 13 pts down on firm Europe open STOCKS R SIVANITHY Senior Correspondent A LARGELY quiet and featureless session yesterday ended with the Straits Times Index (STI) falling 13.46 points to 3,057.38,
      Source: Bloomberg  -  561 words
    • 4 8 DAILY
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    • 66 8 Mar 28 VALUE CLOSE BT OB/OS 336.00 +50.00 BT CADI -*****.00 -91.00 BT 10-day MA -*****.00 +34.00 FTSE ST Mid Cap 761.09 -0.33 FTSE ST Small Cap 540.29 -2.75 FTSE ST All Share 754.80 -2.88 FTSE ST China Top 275.39 -0.09 FTSE ST China 307.00 -1.39 FTSE
      66 words
    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 10 2 0 0 0 5 10 2 Manufacturing 29 77 50 2 4 13 31 81 63 Commerce 11 24 18 1 4 7 12 28 25 Tpt/Stor/Comms 14 15 11
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    • BROKERS’ TAKE
      • Article, Illustration
        296 8 March 28 close: S$1.28 Kim Eng Research SUPER Group and Petra Foods have formed a joint venture (JV) to penetrate the Indonesian three-in-one coffee market. We see this as a positive move as firstly, Super gains a new market that is the largest coffee market in South-east Asia;
        Source: Bloomberg  -  296 words
      • 358 8  -  March 28 close: S$0.88 DBS Group Research Compiled by LYNN KAN MAPLETREE Logistics Trust (MLT) announced that they have acquired Hiroshima Centre in Chugoku, western Japan, for 7.3 billion yen (S$114.2 million). The property consists of a two-storey warehouse for cold/frozen storage and a two-sto-rey dry warehouse
        Source: Bloomberg  -  358 words
      • 135 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
        135 words
    • 121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,151 19,151 48,264 48,264 Manufacturing 165,975 10,665 176,640 145,391 329 145,720 Commerce 56,891 4,777 61,668 102,056 740 102,796 Tpt/Stor/Comms 202,204 251 202,455 305,294 49 305,343 Finance 16,331 16 16,347 107,263 2 107,265 Construction 19,897 6,417
      121 words
    • 112 8 Stock name Close Change CapMallsAsia 1.740 -0.030 CapitaLand 3.330 CapitaMall 1.880 CityDev 11.520 -0.200 ComfortDelGro 1.540 +0.030 DBS Grp 14.340 +0.020 F&N 5.680 -0.040 GLP 1.820 +0.010 Genting SP 2.020 -0.020 Golden Agri 0.685 -0.005 HK Land 7.170 -0.030 JMH 43.780 -0.360 JSH 26.720 -0.040 Jardine
      112 words
    • 456 8 CURRENCIES Reuters [LONDON] The euro eased yesterday and could fall towards mid-March lows after a state election loss by Germany’s ruling party raised doubts about the tackling of Europe’s debt crisis, while the US dollar was aided by hawkish comments from Federal
      Reuters; BLOOMBERG  -  456 words
    • 65 8 VOLUME HPH Trust US$ 74,871,000 Dyna-Mac 71,644,000 Golden Agri 40,168,000 Genting SP 38,762,000 NOL 31,702,000 Cosco Corp 30,029,000 Noble Grp 23,256,000 RafflesEdu 15,265,000 IS MSCI India 100 14,403,300 GMG Global 13,866,000 VALUE($) IS MSCI India 100 134,827,031 HPH Trust US$ 92,553,227 Genting SP 77,879,770 Cosco Corp 62,260,640
      65 words
    • 115 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 162.7 1.0 DBXT MSKorea 10US$ 6019 65.6 0.9 Lyxor MS India 10US$ 1668 56.8 2.8 Lyxor India Nifty 10 1599 48.0 3.1 UOB 5.05%NCPS 100 ***** 30.0 0.3 DBXT MSEmer 10US$ 435 27.8 5.3 Jardine C&C 3710 22.0 0.6 DBXT MSEmerAsi
      115 words
    • 115 8 BY CENTS CLOSE DOWN GLD 10US$ *****-102.2 -0.6 STXPO 100 1070 -54.0 -4.8 JMH 4378 -45.4 -0.8 DairyFarm 800 -27.8 -2.7 Lyxor China H 10US$ 1644 -25.2 -1.2 CityDev.ES.1104 1148 -22.0 -1.9 CityDev 1152 -20.0 -1.7 DBXT MSTaiwan 10US$ 1910 -12.6 -0.5 DBXT MSINDO 10us$ 1409 -10.1 -0.6 B
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    • 5 8 DAILY
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  • Page 9 Advertisements
    • 95 9 PATEK PHILIPPE GENEVE Begin your own tradition. P 4 W. y, m V M K V", t M e s o L 2T 2 *^3 f-j* ft V- "u-fc.-A F 1/ 1 0 v A i k f L i V v I; n f *> M K Y ,u
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  • SINGAPORE NEWS
    • 765 10  -  Business consultant, 27, joins banker, 48; NTUC director, 46, in latest batch Reports by LEE U-WEN THE ruling People’s Action Party (PAP) is set to field its youngest new election candidate since 1976. She is 27-year-old business consultant Tin Pei Ling, whom the party formally
      765 words
    • 461 10 THE younger and more inexperienced candidates running in the coming general election are “more fortunate” than their predecessors as they are able to contest in a group representation constituency (GRC), rather than face a much more demanding task by going at it alone in
      461 words
    • 187 10 THE Ministry of Community Development, Youth and Sports (MCYS) will be helmed by a new permanent secretary from April 1, the Public Service Division said yesterday. Singapore Workforce Development Agency (WDA) chief executive Chan Heng Kee, 42, will be replacing Niam Chiang Meng
      187 words
    • 352 10  -  Facility enables firm to serve customers in Asia-Pacific By NISHA RAMCHANDANI LONDON-BASED logistics company Marken, which specialises in transporting products for the life sciences industry, is expanding its presence in Singapore with a $1 million clinical trial supply depot. The new facility
      352 words
    • 328 10  -  By MAXIE AW YEONG THE Singapore Business Federation (SBF) and Turkey’s Foreign Economic Relations Board, also known as DEiK, formed the Tur-key-Singapore Business Council (TSBC) yesterday to aid networking and collaboration between the two business communities. Larry Lam, co-chairman of TSBC
      328 words
    • 478 10  -  By CHUANG PECK MING SINGAPORE’S top civil servants were reminded last night that, even as they face an increasing complex and uncertain world in their work, they must not lose touch with what’s happening at home. “Even as we attune ourselves to
      478 words
    • 572 10  -  By RONNIE LIM IT was no big surprise, and more a question of “when, not if”, power industry officials said of Lawrence Wong’s resignation effective this Thursday, with the outgoing EMA chief touted to stand as a PAP candidate
      572 words
    • 228 10 MINISTRY of Trade and Industry Singapore (MTI) yesterday announced that Lawrence Wong Shyun Tsai will be stepping down as chief executive of Energy Market Authority (EMA) on April 1, 2011. He will be succeeded by Chee Hong Tat, with effect from May 9. In the
      228 words
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  • Inc
    • 900 11  -  A change of management and name has helped the precision engineering company reverse three consecutive years of losses, reports LINETTE LIM SMALL CAPS reports LINETTE LIM AFTER weathering three consecutive years of losses, Catal-ist-listed JEP Holdings formerly known as Alantac Technology is finally
      YEN MENG JIIN  -  900 words
    • 468 11  -  By TEH HOOI LING WITH the nuclear crisis in Japan averted for now, investors came back to the market to bid up stock prices. Our small cap portfolio edged up 2 per cent. That, however, trailed the Straits Times Index’s 2.5 per cent climb
      468 words
    • 943 12  -  Home-grown IT firm Simulation Software Technology has used its own programs to beat out larger firms, reports JERMAINE NG reports JERMAINE NG SIZE isn’t everything, but it certainly does matter. “When you are too small, people find it hard to trust you,” says
      ARTHUR LEE  -  943 words
    • 628 12  -  By JOYCE HOOI JAMIE Lim is downing bubble tea at The Central while a few feet away, his employees are twisting rainbowhued lumps of candy into sweets at Sticky the handmade candy store that he owns with his wife. In January, Sticky had announced the
      ARTHUR LEE  -  628 words
    • 1144 14  -  GreenPost is Singapore’s only aggregator of electronic bills and statements, presenting them on a single platform for the user’s convenience, reports TAN SHIHAO SEAN reports TAN SHIHAO SEAN E -BILLING is great. You save trees while you pay your
      ARTHUR LEE  -  1,144 words
    • 877 14  -  More businesses are devoting resources to charitable acts but to what end? COMMENTARY By PAUL HENG Paul Heng is founder/execu tive coach of NeXT Corporate Coaching Services INCREASINGLY, CEOs and SME business owners will find it important, if not critical, to pay more attention to issues that
      877 words
    • 1047 14 ASK NUS PROFS Q: I understand that one of the ways the government has announced through the Budget Speech to combat inflation is to grow the incomes of Singaporeans. As a small business owner, should I be afraid of being forced into paying more
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  • Page 11 Advertisements
    • 157 11 d Singapore Brand Conference PERCEPTION |J| |TI "FPRPMTIATIOM 1' 1 Oo 1DIFFERENTIATIONI1JJ 2 TRl IQTSTRATEGY_j f BRAND CONCEPT 1 —I Thursday, 31 March 2011 Suntec Convention Centre, Ballroom 3 I IN THE NEW NORMAL Guest-of-Honour MR. LEE YISHYAN Minister-of-State For Trade Industry .RTRATFn Singapore Brand Conference 2011 Programme Highlights Marketing
      157 words
    • 20 11 COMMENTARY What price generosity? PG Brand Your Assets Call 1800 289 8822 or -mail notices@sph.com.sg to publicise your Financial Statements
      20 words

  • Page 12 Advertisements
    • 232 12 New Consumer Goods Regulations What Businesses Should Know A free Seminar on the Consumer Protection (Consumer Goods Safety Requirements) Regulations 2011 (CGSR) 15 April 2011, Friday, 9am to 12noon Concorde Hotel Singapore Concorde 2, Level 3 Lobby, 100 Orchard Road, Singapore *****0 ABOUT THE SEMINAR The Consumer Protection (Consumer Goods
      232 words

  • EMERGING ENTERPRISE
    • 1335 13  -  Marketing research is falling into a vicious circle where the fixation on producing standard products for a lower price is hurting the quality of information that is produced, reports JERMAINE NG reports JERMAINE NG MARKETING research is no longer what it used to be, it
      ARTHUR LEE  -  1,335 words
  • Page 13 Advertisements
    • 90 13 Emerge as this year's top business player The Emerging Enterprise Award returns to recognise Singapore's most enterprising SMEs. Once again, three SMEs will each receive S$390,000 in prizes comprising an interest-free* loan, professional services, training programmes and support in capability development. The two winners of the Best Innovation Award "will
      90 words
    • 127 13 0 00 s. n i in.. ZY,r Realise your growth ambitions with OCBC Business Banking. At OCBC Business Banking, we understand that every business owner has big ambitions. When your business is expanding into new countries, you can count on our international network in major cities to make the right
      127 words


  • ECONOMY WATCH
    • 650 15 Issuance needs for reconstruction prompt demand for higher yields Reuters [TOKYO] The Japanese government bond (JGB) market may finally be reaching a tipping point, with the issuance needs for postquake reconstruction prompting domestic investors to demand higher yields to absorb yet more debt. Abroad,
      Reuters  -  650 words
    • 483 15 Reuters [CALGARY, Alberta] Brazil on Sunday defended its unorthodox strategies to cool its economy as the International Monetary Fund cautioned Latin America not to forget its basic tool for fighting inflation: the cost of money. Central bankers mainly use interest rates to
      Reuters; BLOOMBERG  -  483 words
    • 477 15 St Louis president urges policymakers to review plan to buy US$600b Treasuries Bloomberg [LONDON] St Louis Federal Reserve Bank president James Bullard said that policymakers should review whether to curtail a plan to buy US$600 billion in Treasury securities, noting
      Bloomberg  -  477 words
  • Page 15 Advertisements
    • 97 15 Trade beyond borders That’s what participants in international commerce can do when they’re smart about managing risk.And smart managers work with CME Group, the world’s leading derivatives marketplace. Companies doing business around the world come to us to manage virtually every kind of risk. Changing currency valuations, energy costs, interestratefluctuations,commodityshifts–whateverthe
      97 words

  • MALAYSIA/INDONESIA
    • 530 16  -  Sale of ADCB’s stake could spark a round of banking mergers and acquisitions By S JAYASANKARAN in Kuala Lumpur SHARES in RHB Capital rose one per cent to RM8.40 apiece on news late last week that its 25 per cent shareholder
      530 words
    • 292 16 Bloomberg Bernama [KUALA LUMPUR] Boustead Holdings Bhd, a Malaysian plantation, property and financial services group, said it will invest RM100 million (S$41.7 million) in a company with a RM3.1 billion contract to provide helicopter services for the South-east Asian nation’s state oil and gas
      Bloomberg; Bernama  -  292 words
    • 419 16 Reuters [BANGKOK] Indonesia and Australia will benefit as Thailand’s top coal mining company Banpu pcl expects to boost its production in the two countries to offset its divestment of a suspended Chinese mine, its chief executive said yesterday. Earlier this month, Banpu said
      Reuters; BLOOMBERG  -  419 words
  • Page 16 Advertisements
    • 3103 16 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg N KOON HOLDINGS LIMITED (Company Registration No. *****3284M) (ARBN 105 734 709) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eighth Annual General Meeting of the Company will be held at 48 Boon Lay Way, Singapore *****1, The Chevrons, Violet
      3,103 words

  • GREATER CHINA
    • 430 17 But central bank upholding tighter policy stance to rein in inflation Reuters Bloomberg [BEIJING] China’s central bank said yesterday that money and credit growth are moving in line with policy goals, but it will maintain a tighter policy stance to put a
      Reuters; Bloomberg  -  430 words
    • 306 17 Bloomberg [SHANGHAI] ICBC Credit Suisse Asset Management Co is “bullish” on China’s stocks because equity prices are cheap and the government is approaching the end of its tightening policies, according to portfolio manager Hao Kang. “The earlier measures have started to show effects,
      Bloomberg  -  306 words
    • 227 17 AFP [HONG KONG] A group of investors in now bankrupt Lehman Brothers in Hong Kong yesterday demanded a full refund of the money they lost, dismissing a settlement offer as “unfair”. Regulators in the southern Chinese city announced on Sunday that banks that sold
      AFP  -  227 words
    • 528 17 Bloomberg [HONG KONG] Chinese industrial companies’ profits jumped 34 per cent in the first two months of the year, underscoring the strength of the world’s fastest-growing major economy amid higher interest rates and lending curbs. Profits rose to 645.5 billion yuan (S$124.2
      Bloomberg; BLOOMBERG  -  528 words
  • Page 17 Advertisements
    • 247 17 www.hlf.com.sg Profits cut by high costs? We have| the just for J ■J ■:'iS m w Wa s? m m a Ck I MM. i S 96 Low interest rates! First month's interest waived! For 50 years, Hong Leong Finance has been serving the needs of Small and Medium Enterprises.
      247 words

  • GREATER CHINA/INDIA
    • 596 18 Ruling party kicks off re-election bid with new round of generous offers Bloomberg [NEW DELHI] With pledges to dole out laptops to students and food blenders to housewives, the ruling party in India’s southern state of Tamil Nadu kicked off its re-election bid in
      Bloomberg; REUTERS  -  596 words
    • 557 18 Its refining profit falls as govt controls margins Bloomberg [HONG KONG] China Petroleum Chemical Corp, Asia’s biggest refiner, will cut costs and accelerate its expansion overseas as government controls prevent the company from passing on higher crude-oil prices to customers. Profit rose 14
      Bloomberg  -  557 words
    • 355 18 AFP [NEW DELHI] The Indian army has developed a sideline in running golf courses using government land but returning no revenue to the state, the nation’s auditor claims in a damning new report. The Comptroller and Auditor General (CAG) found that at
      AFP  -  355 words
  • Page 18 Advertisements
    • 2515 18 MATS BUY IT• SELL IT- FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg |M NOTICE OF LEE METAL GROUP LTD ANNUAL GENERAL MEETING Co. Reg. No. *****5439C NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at No. 7, Tuas Avenue 16, Singapore *****4
      2,515 words

  • Page 19 Advertisements
    • 3201 19 EDMI LIMITED (Incorporated in Singapore) Company Registration Number *****1694K SMB UNITED LIMITED (Incorporated in Singapore) Company Registration Number *****6364D JOINT ANNOUNCEMENT PROPOSED VOLUNTARY DELISTING OF EDMI LIMITED 1. INTRODUCTION EDMI Limited (“EDMI”) and SMB United Limited (“SMB” or the “Offeror”) wish to announce that SMB has presented to the directors
      3,201 words
    • 2915 19 (b) Mr. Lee Yong Heng, Mr. Lee Phuan Weng, Mr. Goh Ban Kin, Mr. Lee Wee Hian, Mr. Lee Kwang Mong, Mr. Henry Hoe Leong Seng, Mr. Koh Ah Huat, Mr. Tay Teng Tiow, Ms. Lee Hwee Choo, Mr. Lee Yong Siang, Ms. Lee Soo Chin, Mr. Goh Woon Keat
      2,915 words

  • WORLD
    • 603 20 After taking inflation into account, the rise is a moderate 0.3% LATEST US DATA AP Bloomberg [WASHINGTON] US consumers’ spending rose in February at the fastest pace in four months, but a big part of the increase went to cover higher petrol prices. The
      AP; Bloomberg  -  603 words
    • 651 20 Bloomberg [MADRID] Spain is taking steps to build a “firewall” to stem contagion from Portugal’s debt woes as it cuts the deficit and retools its economy, said Andrew Bosomworth, a money manager at Pacific Investment Management Co. “A firewall is what we are hoping for,
      Bloomberg  -  651 words
    • 471 20 Reuters [LONDON] TUI Travel, Europe’s biggest tour operator, will factor in a hit of up to £40 million (S$80.8 million) to profit each year from natural disasters and conflicts, its chief executive said yesterday. The group, majorityowned by German company TUI AG,
      Reuters; BLOOMBERG  -  471 words
    • 355 20 Bloomberg [MADRID] Swilling champagne and mixing with celebrities at Formula One races is cheaper in Milan than New Delhi, according to the 2011 price list of a licensed hospitality agent for the motor racing series. A weekend VIP pass
      Bloomberg  -  355 words
    • 461 20 Reuters [GENEVA] Fifa president Sepp Blatter warned Brazil yesterday that they needed to speed up preparations to host the 2014 World Cup, telling them the tournament was “tomorrow” and not the day after. Mr Blatter, who reiterated his belief that goal-line
      Reuters; AP  -  461 words
    • 251 20 AFP [WASHINGTON] Facebook is in talks with former White House spokesman Robert Gibbs about taking a senior role in the company ahead of going public in early 2012, The New York Times reported yesterday. The newspaper, citing “people briefed on the negotiations”, said that
      AFP; AP  -  251 words
    • 720 21 Even rivals are impressed by largest sole commitment in the bank’s history Reuters [LONDON] JP Morgan has underwritten a US$20 billion bridge loan that backs AT&T’s jumbo acquisition of T-Mobile USA, the largest sole commitment in the bank’s history and something
      Reuters; AP  -  720 words
    • 514 21 Levy rise may help push back possibility of future fiscal crisis Bloomberg [TOKYO] A tax increase to finance earthquake reconstruction may be unavoidable considering the nation’s huge debt, two Japanese ruling party officials say, and two-thirds of the public agree that the measure may
      Bloomberg  -  514 words
    • 658 21 AFP [KAMAISHI, Japan] Tsuyako Ito, the last working geisha in the Japanese steel city of Kamaishi, is no stranger to disaster having survived devastating US air raids in World War II and three major tsunamis. “But this tsunami was the worst of all,”
      AFP  -  658 words
    • 607 21 AP [WASHINGTON] Congress returns to Washington this week under mounting pressure to strike an agreement with President Barack Obama on a bill to fund the government. That’s proving difficult enough. Then comes the even harder part for House Speaker John Boehner: convincing his many
      AP  -  607 words
    • 309 21 Reuters [ABU DHABI] Saudi Arabia has to invest 300 billion riyals (S$101.01 billion) in the power sector over 10 years and requires an additional 30 gigawatts (GW) over the next 20 years to meet its needs, a government official said yesterday. “Over the
      Reuters  -  309 words
    • 572 22 Greens take control in Baden-Wuerttemberg, Rhineland-Palatinate Bloomberg [BERLIN] German Chancellor Angela Merkel’s coalition was defeated in its south-western heartland and failed to win control of a second state as the anti-nuclear Greens vote surged to a record, forcing her to reassess energy policy. The
      Bloomberg  -  572 words
    • 496 22 UNHCR data shows shifting patterns in destinations, origins AFP [GENEVA] The numbers of asylum seekers trying to enter wealthy countries dropped in 2010, especially in southern Europe where the flow mainly from Africa or Asia fell by a third, the UN refugee
      AFP  -  496 words
    • 1550 22 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 167 +7 3 167 166 160 166 99.1 1.5 0.5
      1,550 words
    • 60 22 [NEW YORK] This magazine cover is the April 2011 cover of the WSJ Magazine. The image is courtesy of the Wall Street Journal; the issue hit news-stands over the weekend. Anna Wintour could be on par with Oprah Winfrey or Martha Stewart, says WSJ editor-in-chief Deborah
      AP  -  60 words
    • 519 22 She was taxing carbon emissions and mining profits Bloomberg [CANBERRA] The Australian opposition’s victory in New South Wales state elections for the first time in 16 years may signal a growing backlash over Prime Minister Julia Gillard’s taxes on carbon emissions and
      Bloomberg  -  519 words
    • 482 22 Reuters [MELBOURNE] Investors are betting global miner Rio Tinto will settle for a minority stake in Africa-fo-cused Riversdale Mining after its A$3.9 billion (S$5 billion) takeover bid failed to secure control of the firm just hours away from the offer
      Reuters  -  482 words
    • 242 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 AVJennings A52cd 52 55 3.6 6.7 4.2 135.4 55 16 Genting HK US$ US41.5 -0.5 ***** 42 41 41.5 42 2732.6 21 8 Over&Gen A14
      242 words
    • 842 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 112.7 +0.2 87 112.7 112.7 112.5 112.6 514.5 1070 761 CIMBAsean40 100US$ US1038cd +10 9 1038 1036 1026 1042 41.5
      842 words
  • Page 20 Advertisements
    • 197 20 ^*~.['_}!^+_;@!%+]+&</|&.!~'{"- IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FLEXTRONICS DISTRIBUTION CENTRE (SINGAPORE) PTE LTD (Company Registration No. *****4166K) (In Member’s Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50 that the
      197 words

  • Page 21 Advertisements
    • 412 21 THE LEADING BUNGALOW SPECIALIST II! galjMsfsere ne :U51CXD.0080 Best nvestmerit! Land@Olive Road L: ***** B:68oo 4 1 Rooms View to appreciate (Sole Agent) Last Call! BestValue! Land (a) Stevens Road Vicinity I400psf. Only. L:*****. $28M Land Caldecott Vicinity ***** sf. $i5M. Land@Swiss Club Vicinity ***** sf. $8xxpsf :»ATci NOTICES o
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  • Page 23 Advertisements
    • 2164 23 MATS "YTir^TC Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES SEMBCORP INDUSTRIES LTD CO REGN NO. *****2418D (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF EXTRAORDINARY GENERAL MEETING Notice is hereby given that an Extraordinary General Meeting of Sembcorp Industries Ltd (the “Company”) will be held at The Auditorium, NTUC Centre, Level
      2,164 words
    • 1837 23 sembcorp SEMBCORP INDUSTRIES LTD Co Regn No. *****2418D (Incorporated in the Republic of Singapore) NOTICE OF THIRTEENTH ANNUAL GENERAL MEETING Notice is hereby given that the Thirteenth Annual General Meeting of Sembcorp Industries Ltd (the "Company") will be held at The Auditorium, NTUC Centre, Level 7, One Marina Boulevard, Singapore
      1,837 words

  • Page 24 Advertisements
    • 4492 24 MATS BUY IT• SELL IT• FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg EAGLE BRAND HOLDINGS LIMITED (Incorporated in Bermuda) (Company Registration Number *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting (SGM) of Eagle Brand Holdings Limited (Company) will be held at Grand
      4,492 words

  • AVIATION
    • 719 25 It pares staff by a third, grounds 103 planes, secures 255b yen in funding Bloomberg [TOKYO] Japan Airlines Corp has exited bankruptcy court administration after shedding about a third of its staff, grounding 103 planes and winning 255 billion yen (S$3.9 billion) in funding from financial
      Bloomberg; AFP  -  719 words
    • 2975 25 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1300 KU6458 1415 --SQ458 1415 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1820 AF8087 1820 AY5012 1820 BA7381 1820 JL7892 1820 MU8440 1820 QF81 1820 Ahmedabad NH6292 1855 SQ530 1855 Amsterdam
      2,975 words
    • 454 25 Reuters [PARIS] EADS has ended a three-year acquisition drought in North America with a US$637 million agreed cash bid for Canadian overhaul and repair firm Vector Aerospace by helicopter division Eurocopter. Europe’s largest aerospace company has had its eye on transatlantic expansion for
      Reuters  -  454 words
    • 638 25 John Slosar has to fight competition, higher fuel prices Bloomberg [SINGAPORE] Cathay Pacific Airways Ltd’s John Slosar will face rising competition in China, higher fuel prices and a slowdown in earthquake-hit Japan when he takes over as chief executive officer this week. Mr Slosar,
      Bloomberg  -  638 words
  • Page 25 Miscellaneous
    • 344 25 CRYPTIC CROSSWORD Across 1 Look for food without a mould (5) 4 Team’s leader organised athletics vehicles (9) 9 Testing after one mile, and getting better (9) 10 Men having time for student friends (5) 11 Occupation for female supplying weapons (7) 12 Name the original source of fuel (7)
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  • Page 26 Advertisements
    • 27 26 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
  • SHIPPING
    • 3476 26 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
      3,476 words
    • 727 27 Seven small oil terminals still shut more than 2 weeks after disaster Reuters Bloomberg [TOKYO] Seven small oil terminals and most of the shipping berths at Japan’s north-eastern ports remain closed more than two weeks after a devastating earthquake, government and industry officials said.
      Reuters; Bloomberg; REUTERS  -  727 words
    • 491 27 They claim 130,000 barrels daily output, deal with Qatar AFP [BENGHAZI] Oil fields in rebel-held territory in Libya are producing between 100,000 and 130,000 barrels a day, and the opposition plans to begin exporting oil “in less than a week”, a
      AFP  -  491 words
    • 278 27 SGX '000 Mar 28 S$ +/-Vol CH Offshore 0.44 unch 12 Chuan Hup Hldg unch unch 0 Cosco Corp 2.06 0.05 ***** CWT Ltd 1.21 -0.01 230 Ezra Hldgs 1.74 -0.01 938 First Ship Lea 0.41 unch 217 Freight Links 0.07 unch 3930 Grand Banks unch unch 0
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  • Page 27 Advertisements
    • 22 27 FREIGHT Er FORWARDER i-. i„ urgently needed by shippers Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327
      22 words
    • 224 27 NOTICE TO TRADE 1. RATE RESTORATIONS In view of the continuing increase in the operating costs which can no longer be endured by ourselves, we have no option but to apply the following Rate Restorations with effect from 1st May 2011. Rate Restoration quantum increase will be as follows:- From
      224 words

  • EDITORIAL & OPINION
    • 495 28 EDITORIAL LAST week’s news that China Gaoxian’s auditors have had difficulty verifying some of the company’s accounts takes the total number of China stocks listed here or S-chips as they are popularly known to have reported accounting or governance issues to three so far in
      495 words
    • 765 28  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group IT isn’t often that the government launches a major programme that achieves its main goals at a tiny fraction of its estimated costs. That’s the story of TARP the Troubled Assets Relief
      The Washington Post Writers Group  -  765 words
    • 1237 28  -  The quake may jolt the Japanese out of their deep depression and sense of isolation By JEAN-PIERRE LEHMANN, DOMINIQUE TURPIN Jean-Pierre Lehmann is professor of international political economy and founding director of The Evian Group IMD. Dominique Turpin is the Nestlé professor and
      AFP  -  1,237 words
    • 1269 29  -  It is vital for companies to embrace these as part of their strategy By POH BEE TIN CHESTER WEE Poh Bee Tin is a tax partner and Chester Wee is associate tax director at Ernst Young Solutions LLP. INNOVATION and productivity do not occur
      FILE PHOTO  -  1,269 words
    • 732 29  -  By CHRISTOPHER SWANN REUTERS BREAKINGVIEWS ENERGY chieftains may be losing sleep over popular unrest but not simply from the Middle East. Libya aside, executives are confident that unrest won’t slow pumping in the world’s dominant oil-producing region. Public opinion at home is another matter. With
      REUTERS  -  732 words
    • 767 29  -  LETTER TO THE EDITOR Mak Yuen Teen Associate professor, National University of Singapore I REFER to the report, “Yet another S-chip bites audit dust” (BT, March 25). Like other recent S-chip scandals, the problems at China Gaoxian have to do with accounting
      767 words


  • SINGAPORE STOCKS
    • 8348 30 Transaction date: Mar 28 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 16.5 16.5 17.5 7.8 3.7 3.5 79 12 4.5 A-Sonic 7 unch 1427 7 7 7 7.5
      8,348 words
    • 9642 31 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.33/ APS Alpha Fund (USD)!** 1.06/ 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
      9,642 words
  • Page 30 Advertisements
    • 27 30 INSTRUMENTS FOR PROFESSIONALS 11 JOHN TRAVOLTA PROFESSIONAL PILOT f TEL. +65 6732 6347 WWW.BREITLING.COM UBl "IQOr-, X Wi. BREI LING mW Se-: i 7A TO, Lgji>' «Ul
      27 words

  • Page 31 Advertisements
    • 266 31 WASHINGTON'S SPENDING PUSHES DOWN THE GREENBACK? f Create Order(s) HUB® Buy/Sell Amount: Order type Price Duration Seize the opportunities There are opportunities in every market. The challenge is discovering where they are. Intelligent investors use Saxo's leading trading and advanced research tools to find them. Backed by our award-winning technology,
      266 words

  • FINANCE & COMMODITIES
    • 374 32 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
      374 words
    • 178 32 Mar 28 $S Offer Bid 0vernight 0.05 0.03 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.06 US$ 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
      178 words
    • 22 32 Mar 28 S$ Bid Offer 1-month 1.2614 1.2624 2-months 1.2612 1.2623 3-months 1.2611 1.2621 6-months 1.2606 1.2617 Source: OCBC
      22 words
    • 187 32 Mar 28 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/l Month High Low Sett (lots) (lots) Apr 11 560.0 550.0 560.0 19 May 11 566.0 550 0 550.0 18 Jun 11 559 0 550.0 550,0 22 Jul 11 540.0 540.0 540.0 5 Aug 11 540.0
      187 words
    • 83 32 Mar 28 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 30.06.2011 0.24 0.23 0.22 1-Year BY*****N 01.11.2011 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.38 102.42 102.40 5-Year N*****0S 2.875 01.07.2015 107.78
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    • 107 32 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 11 56.84
      107 words
    • 77 32 CRUDE OIL PRODUCTS Mar 25 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 115.77 -0.04 WTI (Near Mth) 105.57 0.41 Dubai (1-Mth F) 109.64 0.28 Tapis blend 120.56 0.06 Minas 118.26 0.06 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 109.00 1.33 Jet Kerosene 133.35 -0.10 US$/barrel Opec Oil
      77 words
    • 2832 32 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 21.5 1 10 -10 1.63 56 Asia-Pacific Strategic W*****6 26 2.5 5 1 150 5 6.42 38 ASJ Hldgs W*****1 1 1 4 11 4.50 11 AlliedTech W*****2
      2,832 words
    • 121 32 Mar 28 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.337 1.262 Can dollar 1.31 1.26 Euro 1.806 1.737 Sterling pound 2.059 1.98 NZ dollar 0.976 0.93 US dollar 1.282 1.233 Local dollars to 100 units of foreign
      121 words
    • 27 32 Mar 28 Open High Sett STI Mar 3057 SIMSCI Mar 365.0 365.0 362.4 Taiwan Mar 306.3 307.4 303.7 Source: MF Global (S) Pte. Ltd
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    • 65 32 Mar 28 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 11 3340 3335 3340 3320 118 2407 May 11 3308 3301 3324 3284 1703 ***** Jun 11 3295 3282 3305 3252 ***** ***** Jul 11 3289 3272
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    • 469 32 Mar 28 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun11 99.6150 0 1884 Sep11 99.5000 0 4375 Dec11 99.3450 0 2675 Mar12 99.1000 0 301 EUROYEN TIBOR FUTURES Jun11 99.6650 250 3073 Sep11 99.6150 99.6625 99.6150 99.6625 0 1373 Dec11 99.6550 0 1941 Mar12 99.6400 99.6400
      469 words
    • 464 32 Mar 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.010 6.759 0.732 8.034 46.148 89.727 0.842 11.472 3.116 1.368 87.863 44.737 1.300 7.077 0.947 30.369 31.186 0.644 1.030 Canada 0.990 6.691
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    • 85 32 Mar 28 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 138 32 Mar 28 GOLD (US$/oz) Mar 28 Mar 25 Hong Kong 1419.00 1433.50 Mar 25 Mar 24 London 1434.04 1445.40 1434.81 1446.10 Source: Thomson Reuters CAST BAR Mar 28 (S$) Selling Buying Kilobar 62,120.99 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 139 58 5gm 395 290 10gm 706
      138 words
    • 69 32 Mar 25 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$/tonne) Cash *****.00
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    • 154 32 Mar 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2987 1.3004 1.0295 1.0300 Canadian dollar 1.2858 1.2873 1.0193 1.0197 Euro 1.7746 1.7767 1.4067 1.4073 NZ dollar 0.9492 0.9509 0.7524 0.7532 Sterling pound 2.0163 2.0180 1.5983 1.5984
      154 words
    • 81 32 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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  • PROPERTY
    • 1269 33 Securities backed by subprime loans rack up first loss since February 2010 Bloomberg [NEW YORK] A rally in mortgage bonds that survived rising bad loans last year is faltering, with some securities down almost 10 per cent in March, as hedge funds sell
      Bloomberg; BLOOMBERG  -  1,269 words
    • 253 35 Report says deal with Lone Star for office buildings and hotel worth US$1.1b Reuters [TOKYO] Japan’s Mitsubishi Estate Co said it bought two office buildings and a hotel in central Tokyo from US investment fund Lone Star in a deal media reports said was worth
      Reuters  -  253 words
    • 269 35 Bernama [KOTA KINABALU] The International Technology and Commercial Centre Penampang (ITCC-Penampang) will be the biggest private commercial property development initiative to be undertaken by a local bumiputera developer, said Sabah Chief Minister Musa Aman yesterday. He said that the government encouraged more
      Bernama  -  269 words
    • 206 35 By MICHELLE TAN MORE green building interiors could soon be a reality in Beijing, now that the authorities from Singapore and Beijing have agreed to work together. Yesterday, the Building and Construction Authority (BCA) of Singapore and Beijing Construction Decora- tion Association (BCDA) announced
      206 words
    • 247 35 Gain in prices of new homes will be capped below city’s GDP growth rate, says govt Reuters [SHANGHAI] Shanghai, China’s financial capital, aims to cap property price gains of newly-built houses below the city’s gross domestic product growth rate, the Shanghai government said
      Reuters; AP  -  247 words
    • 291 35 Xinhua [CANBERRA] Australia faces a prolonged housing affordability crisis, with homes even in the typically cheaper outer suburbs becoming out of reach of first-time buyers, a study showed yesterday. According to study co-author and Monash University population expert Bob Birrell, houses and land in
      Xinhua  -  291 words
    • 358 35 AP [LOS ANGELES] A Saudi prince is the previously unidentified owner of a proposed mega-mansion site that has been the subject of gold-plated protest in the wealthy neighbourhoods around Beverly Hills, the property’s previous owner said on Friday. Prince Abdulaziz ibn Abdullah ibn
      AP  -  358 words
    • 368 36 Drop reflects impact of government’s curbs against property speculation Bloomberg [HONG KONG] Hong Kong’s newly drawn-down mortgage loans fell to the lowest level in a year in February, after the government adopted measures to reduce the risk of a property
      Bloomberg; BLOOMBERG  -  368 words
    • 271 36 SOME of Singapore’s outstanding architectural works are now on display at the prestigious architectural and urban design Aedes Gallery in Berlin, Germany. The works comprise projects by 20 architects who are under 45 years old. Examples include the Dubai Mall in Dubai,
      271 words
    • 391 36 Xinhua [JAKARTA] The property sector in Indonesia is expected to grow by 10 per cent this year compared with 8 per cent last year despite increasing inflation and higher interest rates, local media reported yesterday, citing analysts. “Retail properties will grow well this year because
      Xinhua  -  391 words
  • Page 33 Advertisements
    • 21 33 BT 29-03-2011 Hongkongers' new headache: How will minimum wage be calculated? 港最 To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      21 words
    • 207 33 W SAFFRON London Singapore Hong Kong LONDON PROPERTY OWNERS Your Central London Agent based in Singapore EXPERTS IN LETTINGS PROPERTY MANAGEMENT ARLA approved NAEA registered ISO 9001 Certified we will collect keys inspect property arrange marketing secure new tenants 12 months FREE Property Management services Monty Nawaz +65 6832 5188
      207 words
    • 56 33 Residential Site along Hillview Avenue Collective Sale By Tender 100% owners’ consent Site area 49,164 sf approx Residential, PR1.92 Freehold Lush greenery surrounding, overlooking Bukit Batok Town Park Tender Closing: Friday, 15 April 2011, 3 pm Contact: DTZ Investment Advisory Services Tel: 6293 3228 Not drawn to scale. For reference
      56 words

  • INDUSTRIAL SPACE
    • 1011 34  -  JTC Corp is conducting trials and funding research in a bid to make its estates more environmentally sustainable, reports EMILYN YAP reports EMILYN YAP ASMALL experiment with huge implications quietly took place along a stretch of road in one-north at Buona Vista last
      FILE PHOTOS  -  1,011 words
  • Page 34 Advertisements

  • Page 35 Advertisements
    • 79 35 GRADE-A OFFICE STRATA FLOORS FOR SALE Ik Ml Prestigious Raffles Place office floors Strata area of approximately 39,321 sq ft 999 years leasehold Large floor plate of approximately 13,100 sq ft 4 strata units per floor (2,906 to 3,875 sq ft) 2 minutes walk to Raffles Place MRT Station Excellent
      79 words
    • 47 35 Gilstead Road Subject Property T h o m s o n L’viv Parkway Novena Hospital Road NovenaMRT Irrawaddy Revenue House R o a dd GoldhillPlaza NovenaMedicalCenter N e w t o n Square 2 NovenaSquare Hotel Royal Moulmein R United Square Lincoln Suites R o a d
      47 words

  • Page 36 Advertisements
    • 81 36 FX/CFD trading Trade Singapore share CFDs with 0.15% commission and Direct Market Access SiMSd I I Guaranteed market price for all Singapore and global share CFDs. Award-winning online platform with Direct Market Access. No GST, no exchange fees, no clearing fees and optimum protection for client funds. Find all you
      81 words