The Business Times, 2 April 2011

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Microfilm: NL31312
Total Pages: 48
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    17 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg APRIL 2-3, 2011 S$1.00 MICA(P) 139/08/2010 Sf!l A SINGAPORE PRESS HOLDINGS PUBLICATION
    17 words
  • Article
    Lock icon Rise in private home prices slows
    38 1 cooling process THE government’s overall private residential price index in the first quarter is up 2.1 per cent from three months earlier, but is slower than Q4’s 2.7 per cent pace. 2
    38 words
  • Article
    Lock icon US jobless rate at 2-year low
    37 1 major rebound EMPLOYMENT posted a second straight month of solid gains in March and the jobless rate fell to 8.8 per cent, marking a decisive shift in the labour market. 3
    37 words
  • Article
    Lock icon SM Goh predicts 50k jobs a year
    42 1 bullish outlook SINGAPORE’s economy, should it meet the target of expanding 3-5 per cent annually over the next decade, will help generate two jobs for every one local that enters the workforce each year. 6
    42 words
  • Article
    Lock icon Kan warns of 'protracted battle'
    32 1 nuclear fallout JAPAN’S premier says that the situation at the stricken Fukushima power plant “is not yet stabilised and we must be prepared for all contingencies”. 7
    32 words
  • Article, Illustration
    Lock icon Galleon’s insider files: SEC, lies and wiretap
    1370 1  -  Biggest US insider trading case ever throws up elements of The Social Network, Wall Street and old-fashioned spy thrillers through phone conversations recorded by FBI By Joyce Hooi joyceh@sph.com.sg Singapore IWacluturmaN 2008, as the world fell around Wall Street’s ears in charred little
    BLOOMBERG  -  1,370 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Rise in private, HDB home prices slowing
      1026 2  -  Govt cooling measures working, say analysts, as URA index climbs 2.1% in Q1 while HDB resale prices see slowest rise in 7 quarters By Kalpana Rashiwala kalpana@sph.com.sg Singapore IN a sign that the property cooling measures are taking effect, Urban Redevelopment Authority’s overall
      Source: HDB, URA  -  1,026 words
    • Article
      Lock icon MARKETS
      140 2 G STI 3,120.47 (+14.62) G STI FUTURES 3,111 (+21) G SIMSCI 370.48 (+2.03) G SIMSCI FUTURES 368.40 (+1.50) STOCKS Friday Change KL COMP 1,555.38 +10.25 NIKKEI 225 9,708.39 -46.71 HANG SENG 23,801.90 +274.38 SET 1,064.35 +16.87 JAKARTA 3,707.49 +28.81 MANILA 4,129.54 +74.40 KOSPI 2,121.01 +14.31 SHENZHEN B 822.61 +5.12
      140 words
    • Article
      Lock icon Jobless rate in March falls to two-year low of 8.8%
      470 3 All new jobs are in private sector; govt jobs decline by 14,000 LATEST US DATA Reuters Washington US employment recorded a second straight month of solid gains in March and the jobless rate fell to a two-year low of 8.8
      Reuters  -  470 words
    • Article, Illustration
      Lock icon Greed, for lack of a better word, is recorded
      586 5  -  FBI wiretaps also pick up the growing panic on Wall Street ahead of 2008 crash By Joyce Hooi joyceh@sph.com.sg Singapore AS the wiretapped conversations between Raj Rajaratnam and his contacts were released this month, a rare and unguarded peek at a
      PHOTO: REUTERS  -  586 words
    • Article
      Lock icon 3-5% growth to create 50,000 jobs a year: SM
      614 6  -  By 2020, per capita GDP will reach around US$55,000, from US$43,900 now, he says, making S’pore one of top 10 richest countries By Lee U-Wen leeuwen@sph.com.sg Singapore SINGAPORE’s economy, should it meet the target of expanding 3-5 per cent annually over
      614 words
    • Article, Illustration
      Lock icon British Club to celebrate royal wedding for 10 days
      412 6  -  By Uma Shankari shankari@sph.com.sg Singapore BRITAIN’S Prince William and Kate Middleton will tie the knot in far-away London’s Westminster Abbey later this month, but the British Club in Singapore is determined to bring some of the festive spirit to Singaporeans and
      LIANHE ZAOBAO  -  412 words
    • Article, Illustration
      Lock icon Kan warns of 'protracted battle' over plant
      626 7  -  Japanese PM says ‘we must be prepared for all contingencies’; Taiwan detects radioactive iodine in its air and China feels impact on electronics production By Anthony Rowley bt wo rl d @s p h .co m .sg Tokyo JAPANisbraced for a“protracted battle”tobringitsrunawayFukushima nuclear
      REUTERS  -  626 words
    • Article
      Lock icon Steady product margin rise at Malaysia’s PetChem
      505 7  -  Gains largely due to disruption in petrochem supplies in Japan By Pauline Ng bt wo rl d @s p h .co m .sg Kuala Lumpur DISRUPTIONS to petrochemical supplies in Japan are expected to benefit Malaysia’s Petronas Chemicals Group which has seen a
      505 words
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      62 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Week in Review 10 Companies 11-14 From The Desk Of 15 Singapore 16-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-35 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Design L2-4 Weekend With L5 Dining L6-7 Style L8-9
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      79 5 SINGAPORE —SWEEP— 1 ST PRIZE $2,200,000 $500,000 $250,000 $800,000 PRIZE 3 rd PRIZE SUPER SWEEP SNOWBALLED TO 1st Prize S2.2 Million 2nd Prize $500,000 3rd Prize $250,000 Sfl s n"''"-"- I SINGAPORE °V2011 -SWEEP Draw No. 04/2011 wolthtDMgon: ,,40 19SJ a 2000 »12 S3 »*a» <■#»■■■ $3 DRAW ON WEDNESDAY,
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      25 5 >/<//</ JACKPOT u rfi < THIS MONDAY X8 Do not bet illegally. RCB Reg No: *****0202G For details, visit www.singaporepools.com.sg Towards Community Purpose and Benefit SINGAPORE m
      25 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Rising above adversity
      2316 8/9  -  earthquake and tsunami, a sombre mood hovers over Kirin, but president and CEO Senji Miyake is adamant that they will rebuild the company. By Joyce Hooi joyceh@sph.com.sg SENJI Miyake is smiling and almost entirely at ease. “What do you drink? Coffee? Do you take milk?” The photographer
      ARTHUR LEE  -  2,316 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK March 28-April 1, 2011
      • Article
        Lock icon Japan petrochem demand stays
        49 10 SINGAPORE’S petrochemical industry is unlikely to see any sharp fall-off in demand from quake-hit Japanese industries in the near term. But there’s worry over the supply chain effect from Japan that it would hit demand, such as for plastics, from China’s TV and computer makers.
        49 words
      • Article
        Lock icon Radiation surges reported at Japan nuclear plant
        40 10 STRONG surges in radioactivity were reported on Sunday at Japan’s crisis-stricken nuclear power plant in Fukushima while radioactive iodine concentrations were also found to have reached “off the chart” levels in adjacent seawater.
        40 words
      • Article
        Lock icon Home prices slip but the ‘centre’ still holds
        41 10 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.
        41 words
      • Article
        Lock icon No mark-ups, no inflated bills: Susan Lim
        56 10 IT was a courtroom packed to the gills that awaited the resumption of Susan Lim’s hearing on Monday. Her lawyer, Senior Counsel Lee Eng Beng of Rajah Tann, called the Singapore Medical Council’s claims “outrageous” and said that its position on the doctor’s
        56 words
      • Article, Illustration
        Lock icon Sluggish market counts cost of Casino Effect
        64 10 HAVE market punters migrated to the casinos? That is one question bugging remisiers these days as they lament the dwindling in trading activity. Some insist that interest has shifted to the two casinos that opened last year. TABLE MONEY Some remisiers insist that
        FILE PHOTO  -  64 words
      • Article
        Lock icon India needs to score for its masses, not mafia
        49 10 IF cricket betting were legal in India, New Delhi’s fiscally strapped government would stand to reap a windfall from taxes. The takings from even one match would probably suffice to fund at least a dozen rural health clinics or schools.
        49 words
      • Article
        Lock icon Bungalow-buying foreigners throng to a new address
        55 10 THEY are buying fewer bungalows in other prized locations in the rest of the city but more at Sentosa Cove. Foreigners (including Singapore permanent residents) have seen their share of bungalow purchases in Districts 10, 11 and 21 home to many Good Class
        55 words
      • Article
        Lock icon Japan to seal and scrap 4 of its reactors
        61 10 JAPAN is set to decommission the four nuclear reactors at the quake-hit Fukushima plant that it has not been able to bring under control even three weeks after the quake. The authorities may have to resort to extraordinary measures to rein
        61 words
      • Article
        Lock icon Airlines milk a new ticket to revenues
        36 10 VOLATILE fuel costs and rising operating costs are forcing airlines to focus more on ancillary revenue streams. And nowhere is this more evident than in the low-cost carrier segment.
        36 words
      • Article
        Lock icon Of growth, uncertainty and the S’pore voter
        86 10 IN every instance but one the 2001 elections held two months after the 9/11 attacks in the US Singaporeans seemed to have gone to the ballot box when, going by GDP growth in the preceding four quarters, the economy was cruising along at
        86 words
      • Article
        Lock icon Ho Peng Kee to retire from politics
        48 10 SENIOR Minister of State for Law and Home Affairs Ho Peng Kee, 56, will retire from politics at the end of this term. He will not be contesting the upcoming elections, he said in a statement to the media on Thursday.
        48 words
      • Article
        Lock icon Libya’s foreign minister defects, reaches London
        66 10 LIBYAN leader Muammar Gaddafi has suffered a major blow with the defection of his foreign minister, Mussa Kussa, who is now in London. Mr Kussa is the most senior figure to defect since the uprising against Col Gaddafi’s 41-year rule erupted more than six
        66 words
    • Article
      Lock icon NEXT WEEK April 4-8, 2011
      78 10 US DATA April 6 Crude inventories April 7 Initial claims Continuing claims Feb consumer credit April 8 Feb wholesale inventories SINGAPORE DATA April 7 March international reserves EVENTS April 5 Sydney Reserve Bank of Australia (RBA) board meeting. Announcement of interest rate decision Paris OECD
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  • Page 10 Miscellaneous
    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 1
      331 10 CRYPTIC CROSSWORD Across 1 Weapon launcher in Navy port to be due for modification (7,4) 9 Animal was in form when very young (4) 10 Trouble raising cost when sending to Coventry (11) 11 He will shortly create uproar (4) 14 Poet so human in composition (7) 16 Musical effect
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    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 2
      12 10 SATURDAY with Ludwig ‘This property agent tried to sell us the Esplanade...’
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  • COMPANIES
    • Article, Illustration
      Lock icon Bid for ASX: decision by FIRB may take longer
      436 11  -  ASX indicates possibility of foreign investment watchdog taking up to four months to make its recommendation By Jamie Lee leejamie@sph.com.sg Singapore CONTRARY to initial expectations, the foreign investment watchdog of Australia could take well beyond 30 days even as manyas120days–tomakearecommendation on
      REUTERS  -  436 words
    • Article
      Lock icon Ex-Stanchart bankers start credit hedge fund as market grows
      402 11 Bloomberg Singapore SENTOSA Capital Pte, run by former bankers who started StandardCharteredplc’sfixed-in-come and capital markets businesses, is setting up a hedge fund to trade Asian debt as it targets an “underserved investment segment”. The Singapore-based firm was scheduled to start Sentosa
      Bloomberg  -  402 words
    • Article, Illustration
      Lock icon Food inflation could turn into ‘a market issue’
      577 12  -  Problem may crop up very fast, cautions HSBC By Conrad Tan conradt@sph.com.sg Singapore RISING food prices in Asia could haunt global financial markets if left unchecked, HSBC’s asset management head told BT in a recent interview. “Food inflation appears to have crept
      REUTERS  -  577 words
    • Article
      Lock icon PLife Reit’s Japan properties unaffected
      228 12  -  By Nisha Ramchandani nishar@sph.com.sg Singapore IN AN update, the manager of Parkway Life Real Estate Investment Trust (PLife Reit) said yesterday that all its 30 properties in Japan were unaffected by the earthquake and tsunami that hit the nation last month. “The manager, together with
      228 words
    • Article
      Lock icon Interest in global investments seen rising worldwide
      529 12  -  By Michelle Tan m i c h tyz@s p h .co m .sg Singapore INTEREST in global investments is expected to climb worldwide over the next decade, according to the Franklin Templeton Global Investor Sentiment Survey 2011. The survey polled a total of
      529 words
    • Article
      Lock icon STX OSV gets nod for Brazil yard
      414 13  -  This points to LPG carriers deal becoming effective soon By Lynn Kan lynnkan@sph.com.sg Singapore STX OSV has received the go-ahead to develop a yard in Pernambuco, Brazil, which signals a previously signed three billion Norwegian kronor (S$683 million) contract will soon become effective.
      414 words
    • Article
      Lock icon Emerging markets see return of equity funds
      324 13 Bloomberg Singapore EMERGING-MARKET equity funds attracted inflows of US$2.6 billion in the week ended March 30, the most since the period ended Jan 5, Citigroup Inc analysts led by Markus Rosgen said in a report yesterday, citing data compiled by EPFR Global. The
      Bloomberg  -  324 words
    • Article, Illustration
      Lock icon Absence of bad news, STI window-dressing are week’s main themes
      607 14  -  STOCKS R Sivanithy sivan@sph.com.sg Senior correspondent NOT unexpectedly, there was a push on the major indices throughout the region this week, especially the days leading up to Thursday, March 31, since the end of each quarter usually brings with it
      607 words
    • Article
      Lock icon TOP 20 ACTIVES
      112 14 VOL CLOSE HPHTrust US$ 153,502 97.5 -1.9 -1.5 GoldenAgri 92,441 70.5 1.5 2.2 Dyna-Mac 77,875 56 3.0 5.7 GentingSP 47,291 206 1.0 0.5 Hotung 44,023 17.5 0.5 2.9 NexGenSCom 40,019 4.5 0.0 0.0 AdvancedSystem 25,488 0.5 0.0 0.0 Ascendasreit 22,737 200 -4.0 -2.0 Infinio 21,137 1 0.0
      112 words
    • Article
      Lock icon STI STOCKS
      111 14 Stock name Close Change CapMallsAsia 1.760 -0.020 CapitaLand 3.340 +0.040 CapitaMall 1.890 +0.010 CityDev 11.580 +0.060 ComfortDelGro 1.570 +0.010 DBS Grp 14.720 +0.080 F&N 6.060 +0.050 GLP 1.920 +0.050 Genting SP 2.060 +0.010 Golden Agri 0.705 +0.015 HK Land 7.000 JMH 43.820 -0.720 JSH 26.600 -0.100 Jardine C&C
      111 words
    • Article
      Lock icon Private equity-backed IPOs set to take off, say analysts
      634 14 Bloomberg London KKR Co and Carlyle Group are leading the best start for private equity-backed initial public offerings since at least 2006 as a recovery in credit markets lures investors to companies taken private in leveraged buyouts. LBO firms raised about
      Bloomberg  -  634 words
    • Article
      Lock icon TOP GAINERS
      65 14 BY CENTS CLOSE UP DBXT E50 10US$ 4528 196.8 3.6 DBXT MSEurope 10US$ 4833 152.6 2.6 DBXT Nifty 10US$ ***** 123.6 0.7 DBXT FTChina25 10US$ 3260 104.7 2.6 DBXT MSKorea 10US$ 6325 104.7 1.3 DBXT S&P500 10US$ 2098 71.9 2.8 IS MSCI Spore 1363 71.9 4.4 GLD 10US$
      65 words
    • Article
      Lock icon TOP LOSERS
      59 14 BY CENTS CLOSEDOWN DBXT MSJAP 10US$ 3800 -94.6 -1.9 JMH 4382 -90.8 -1.6 Asia Pac Brew 2300 -50.0 -2.1 JSH 2660 -12.6 -0.4 Luye Pharma 117 -10.0 -7.9 UOB 5.05%NCPS 100 ***** -8.0 -0.1 OmegaNav 133 -7.0 -5.0 DBXT S&P Short 10US$ 4226 -6.3 -0.1 DBS Bk 6%
      59 words
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      Lock icon Page 11 Advertisements Column 1
      57 11 i I NTRODUCTORY OFFER FROM 288 z A BRAND NEW EXPERIENCE IN THE HEART OF THE CITY Call 03 2141 3333 or Log on to www.swissgarden.com Swiss-Garden Residences is at no. 2A Jalan Galloway, Cbehind Swiss-Garden Hotel Kuala Lumpur) Off Bukit Bintang, ***** Kuala Lumpur, Malaysia 'Terms a Conditions apply
      57 words
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      1527 13 BENG KUANG MARINE LIMITED (Registration No.: *****0196M) (Incorporated in the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of Beng Kuang Marine Limited (the "Company") will be held at 55 Shipyard Road, Singapore *****1 on Tuesday, 19 April 2011 at 11.00
      1,527 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon The underrated game changer
      1211 15  -  Firms can start by looking at service not as a cost but as an investment in long-term customer relationships FROM THE DESK OF Jim Bush Executive Vice-President of World Service American Express ‘CHOOSE me!’ It’s the goal of marketing messages in callyanymedium. But as companies go
      1,211 words
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  • SINGAPORE
    • Article
      Lock icon New faces fare well under media grilling
      849 16  -  Some PAP candidates describe their first press conference as an eye-opener despite having had media training ELECTION WATCH By Lee U-Wen leeuwen@sph.com.sg FOR nearly two hours each time, they stand in the firing line before a room of 30-odd journalists where almost every
      849 words
    • Article, Illustration
      Lock icon Heng Swee Keat has the potential to be a minister: SM Goh
      390 16  -  Ex-MAS MD is likely to be introduced as a PAP candidate in coming weeks By Lee U-Wen leeuwen@sph.com.sg ON his last day as managing director of Singapore’s central bank, Heng Swee Keat received a ringing endorsement that all
      FILE PHOTO  -  390 words
    • Article
      Lock icon S’pore ‘a safe haven’ for staff evacuees from troubled spots
      273 17  -  Firms may also consider insurance covering emergency evacuations: ECA By Linette Lim llinette@sph.com.sg IN the light of recent events in the Middle East and Japan, companies with operations in troubled areas should consider seeking out regional safe havens, said HR
      273 words
    • Article
      Lock icon LTA awards 2 contracts for Downtown Line
      204 17 THE Land Transport Authority (LTA) said it has awarded two civil contracts with a total value of $361.56 million for the Downtown Line Stage 3 (DTL3) project. The first, for the construction of Ubi station and its associated tunnels, has been awarded to
      204 words
    • Article
      Lock icon TPP talks make ‘solid progress’
      481 18  -  S’pore round has been pivotal in moving Trans-Pacific Partnership negotiations to next level: MTI By Chuang Peck Ming peckming@sph.com.sg TALKS on an ambitious transpacific free trade agreement have taken a big step forward, with participants reporting “solid progress” made after they wrapped up the negotiating
      481 words
    • Article
      Lock icon Needy children raise funds the novel way
      243 18  -  By Maxie Aw Yeong maxieay@sph.com.sg THEY spent an hour yesterday afternoon wandering through the library searching through books of fairy tales to find answers to various posers. And for each correct answer that the 60 participating underprivileged children managed to find, HSBC donated
      243 words
    • Article
      Lock icon Asean an attractive investment choice
      362 18  -  By Mindy Tan tanmindy@sph.com.sg SINGAPORE-BASED companies view Asean as an attractive region for trade and investment in a post-global crisis world economy. This is according to a survey conducted by the Asean Business Advisory Council (Asean-BAC)ontheregion’scompeti-tiveness. Of the 120 Singapore-based companies surveyed, over half chose
      362 words
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      2276 17 GALLANT VENTURE LIMITED Registration No. *****3179Z (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Gallant Venture Ltd. (the “Company”) will be held at River View Hotel, Lily Ballroom, Level 4, 382 Havelock Road, Singapore *****9 on Monday,
      2,276 words
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      108 18 positions and a thousand more in CATS Recruit Executive Appointments now! MakeYourCareeraBeautifulJourney LouisVuitton invites you to design your career path with them as Category Supervisors FAB-ulous -That’s the feeling you’ll get when you see the first wafers coming off the production line at M+W Group as an Engineer MakeaPositiveMove- Build
      108 words
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  • WORLD
    • Article, Illustration
      Lock icon Bond markets cool to Irish bank plan
      624 19 Uncertain growth prospects and lack of extra ECB support fail to convince investors Reuters Dublin IRELAND’S “big bang” banking plan failed to convince investors yesterday that it can shoulder its soaring debt burden given grim prospects for growth and a lack of expected
      Reuters; BLOOMBERG  -  624 words
    • Article
      Lock icon Tokyo radiation level lower than HK’s, slightly higher than NY’s
      476 19 Bloomberg Tokyo TYPICAL amounts of radiation in Hong Kong exceed those in Tokyo even as workers struggle to contain a crippled nuclear plant in northern Japan, indicating concerns about spreading contamination may be overblown. The radiation level in central Tokyo
      Bloomberg  -  476 words
    • Article
      Lock icon Nasdaq, ICE make rival bid for NYSE Euronext
      254 19 Reuters New York NASDAQ OMX and IntercontinentalExchange (ICE) unveiled a rival bid to buy NYSE Euronext for about US$11.3 billion in cash and stock, a 19 per cent premium to the offer made by German competitor Deutsche Boerse. The move, announced yesterday,
      Reuters  -  254 words
    • Article
      Lock icon Macau’s March casino revenue up 48%
      207 20 Bloomberg Hong Kong CASINO revenue in Macau, the world’s largest casino hub, rose 48 per cent in March as gamblers from mainland China placed more bets on baccarat and other card games. Gambling revenue for SJM Holdings Ltd, Sands China Ltd and the four
      Bloomberg  -  207 words
    • Article, Illustration
      Lock icon KL may slow down pace of subsidy rationalisation: Najib
      656 20  -  Govt to introduce anti-inflation measures, defer implementation of GST By S Jayasankaran btworld@sph.com.sg Kuala Lumpur RISING inflation in Malaysia could force the government to slow down the pace of subsidy rationalisation and postpone the implementation of a goods and services tax
      BLOOMBERG  -  656 words
    • Article
      Lock icon Why are so many young Aussies jobless?
      352 20 Reuters Sydney AUSTRALIAboasts oneoftheworld’s lowest jobless rates and is the selfproclaimed envy of the developed world, but it has a dirty little secret: One in six of its youth is unemployed. An eye-popping 16 per cent of Australians aged 15 to 24 are
      Reuters  -  352 words
    • Article
      Lock icon Fed’s secret lifeline aided foreign banks most
      648 21 Lenders from Europe to Asia and a company part-owned by Libyan central bank borrowed billions at the peak of financial crisis Bloomberg New York US FEDERAL Reserve chairman Ben Bernanke’s two-year fight to shield crisis-squeezed banks from the stigma of revealing their public
      Bloomberg  -  648 words
    • Article, Illustration
      Lock icon Crackdown dents Bahrain’s credibility as financial hub
      617 21 Banks relocating staff, capital to other places in region: analysts NYT Dubai THE protests in Bahrain, and their brutal repression, have raised major questions over the country’s future as a regional financial hub, analysts say, with banks acting to relocate employees and capital
      NYT; REUTERS  -  617 words
    • Article, Illustration
      Lock icon Busy China, India plants keep inflation aloft
      571 22 China official purchasing managers’ index rises in March from 6-mth low, India HSBC index steady at 4-mth high Reuters Beijing FACTORIES in China and India bumped up production in March as manufacturers drew in more new orders, keeping price pressures intact and making
      Reuters; AFP  -  571 words
    • Article
      Lock icon Indonesia’s March inflation slows
      477 22 Reuters Jakarta INDONESIA’S inflation slowed more than expected in March while exports to its biggest trading partner Japan slumped 50 per cent, reducing the chances of another interest rate hike this month as the central bank eyes lower food prices and weaker demand for the country’s
      Reuters  -  477 words
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      74 20 SINGAPORE'S PREMIER HOME-GROWN CAR MAGAZINE m k m m I M A 1AUDI At IS THE HEW STAR OF PREMIUM SMALL HATCHBACKS I LEXUS CT200M PEUGEOT 308 NISSAN MARCH RENAULT MECANCCC CHEVROLET SPARK BMW M3 SALOON RANGE ROVER VOGUE TORO MONDEO EC0D005T MERC C350 COI AUOITT UPDATE TECH ART 911
      74 words
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  • SGX
    • Article
      Lock icon SGX CATALIST
      10119 26 Transaction date: Apr 1 52-wks Last Vol Day 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 17 16.5 17.5 7.8 3.6 3.6 81.4 12 4.5 A-Sonic 7 unch 45 7 7 7 7.5 1.9
      10,119 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 4 3 0 0 0 8 4 3 Manufacturing 69 39 56 6 5 10 75 44 66 Commerce 22 11 25 4 1 1 26 12 26 Tpt/Stor/Comms 25 7 12
      186 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      807 26 For week beginning Mar 28 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Map Tech Hldgs 31-Mar-11 Min Aik Tech Buy *****7 na *****6 42.72 *****33 81.52 Thakral Corp Ltd
      807 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 20,502 20,502 87,345 87,345 Manufacturing 217,844 41,428 259,272 220,490 1,331 221,822 Commerce 106,863 14,931 121,794 113,321 1,332 114,653 Tpt/Stor/Comms 276,926 3,833 280,759 380,878 1,160 382,038 Finance 72,115 50 72,165 197,467 7 197,474 Construction 19,772 1,850
      121 words
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  • MARKETS
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 27 Apr 01 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.344 1.268 Can dollar 1.323 1.273 Euro 1.818 1.749 Sterling pound 2.058 1.979 NZ dollar 0.983 0.937 US dollar 1.28 1.231 Local dollars to 100 units of foreign currency: Currencies Sell
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      Lock icon STOCK MARKETS
      92 27 YTD change: -2.18% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,648.15 on May 25,2010 Source: Bloomberg YTD change: +3.33% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 18,971.50 on May 27,2010 Source: Bloomberg YTD change: +6.41% 52-week high: 12,391.20 on Feb 18,2011 52-week low: 9,614.32 on July
      Source: Bloomberg  -  92 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      374 27 In local curr In S$ In US$ dy yr dy yr dy yr Mar 31 Index Change Change Change Change Change Change World Index Preliminary 925.3 -0.2 3.1 -0.2 2.6 -0.1 4.3 ‡EAFE Preliminary 803.4 -0.4 0.3 -0.1 1.0 0.0 2.7 Europe Preliminary 1187.1 -0.7
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Apr 1 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3044 1.3054 1.0340 1.0345 Canadian dollar 1.3016 1.3025 1.0318 1.0322 Euro 1.7857 1.7865 1.4155 1.4157 NZ dollar 0.9591 0.9604 0.7603 0.7611 Sterling pound 2.0270 2.0280 1.6068 1.6071
      154 words
    • Article
      Lock icon LIFFE
      82 27 Mar 31 COCOA (£/tonne) Close Prev High/Low May 11 1915 1944 1942/1907 Jul 11 1916 1948 1948/1912 Sep 11 1930 1955 1951/1920 Dec 11 1945 1960 1961/1929 COFFEE (US$/tonne) Close Pev High/Low Mar 11 2525 unch 2553/2530 May 11 2528 2524 2554/2520 Jul 11 2418 2416 2431/2410 Sep 11
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    • Article
      Lock icon CHICAGO BOT
      93 27 Mar 31 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 11 1410.*****2.*****2.*****8.50 Jul 11 1421.*****2.*****2.*****9.50 Aug 11 1419.*****1.*****8.*****2.00 Sep 11 1406.*****2.*****8.*****0.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low May 11 58.78 57.32 59.59 57.12 Jul 11 59.38 57.91 60.16 57.74 Aug 11 59.56 58.10 60.09
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    • Article
      Lock icon PALM OIL
      65 27 Apr 1 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 11 3395 3400 3405 3390 112 1807 May 11 3391 3360 3391 3354 2091 ***** Jun 11 3380 3340 3383 3338 ***** ***** Jul 11 3365 3333
      65 words
    • Article
      Lock icon OIL
      75 27 Mar 31 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 116.96 1.62 WTI (Near Mth) 106.73 2.47 Dubai (1-Mth F) 109.82 1.10 Tapis blend 123.25 1.08 Minas 119.65 1.28 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 108.78 0.61 Jet Kerosene 133.25 0.95 US$/barrel Opec Oil Basket Price
      75 words
    • Article
      Lock icon LONDON METAL
      71 27 Mar 31 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2619.00 2598.00 3 months 2648.00 2629.00 Copper, Grade A (US$/tonne) Cash 9413.25 9363.50 3 months 9428.00 9381.00 Lead (US$/tonne) Cash 2738.50 2689.50 3 months 2695.00 2655.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon METALS
      68 27 Apr 1 GOLD (US$/oz) Apr 01 Mar 31 Hong Kong 1435.*****8.80 Mar 31 Mar 30 London 1436.*****4.41 1437.*****5.18 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 47.68 47.45 Source: UOB PLATINUM Lon (US$/oz) Mar 31 Close Previous PM Fix 1773.*****0.00 AM Fix 1775.*****2.00 Source: Thomson Reuters PLATINUM NYMEX
      68 words
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  • PERSPECTIVE
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      Lock icon Don’t bet on China’s meltdown
      1463 28 / 29  -  One should never underestimate the Chinese policymakers’ resolve in defending China’s national interests. By Meng W Tan By Meng W Tan The writer is a Singaporean doing his PhD in World Economics at Nanjing University, China. IS CHINA’S economic bubble about to burst soon? This
      REUTERS  -  1,463 words
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      Lock icon The return of reflation
      566 28 / 29  -  By By Ian Campbell REUTERS BREAKINGVIEWS THE oil price shock and Japan’s disaster have dominated financial news in the first quarter of the year. But the strength of the Australian dollar, now at an all-time high of US$1.03, is a better reflection of the global big
      REUTERS; BLOOMBERG  -  566 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Bulls re-emerge in China
        1243 30 / 31 China’s stocks have rebounded this year on signs that the economy is weathering the policy-tightening measures as manufacturing expands and corporate earnings grow Bloomberg Shanghai CHINESEstockswill extend gains that made the Shanghai Composite Index the best performer among major Asian markets in thefirst quarter as inflation
        Bloomberg; REUTERS  -  1,243 words
      • BROKERS’ TAKE
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          Lock icon Telecommunications sector
          377 30 / 31 Kim Eng Research April 1 ACCORDING to the Infocomm Development Authority of Singapore (IDA), mobile subscriber net-adds slowed to about 19,000 in January. But this was due to continued heavy switching from the 2G network to 3G. Still, 3G net-adds slowed to 88,500 in the same month and
          377 words
        • Article
          Lock icon Ascendas Reit
          340 30 / 31  -  Hold DBS Group Research April 1 Close: $2 Compiled by Lynn Kan ASCENDAS Reit made two announcements this week. The first was the acquisition of Neuros and Immunos, located at Biopolis, for $125.6 million. Located in an emerging research hub for biomedical services at One-North, Neuros Immunos is
          340 words
      • Article
        Lock icon Hedge fund Senrigan’s funds top US$1b
        704 32 The event-driven fund backed by Blackstone has returned more than 9% from inception in November 2009 to February Bloomberg Hong Kong SbhAsENRIGAN Capital Group Ltd, backed by Blackstone Group, has become one of the first Asia-focused hedge fund start-ups since 2009 to reach US$1
        Bloomberg  -  704 words
      • Article
        Lock icon Accountancy training at core of stock-picking
        820 32 Reuters London TIM Steer, fund manager at Artemis Investment Management, prides himself on his fine-combing approach to company statements. This, and not sentiment-driv-en decision-making, is what the trained accountant says allows him to spot which stocks to buy and which might be the next
        Reuters  -  820 words
      • Article, Illustration
        Lock icon Spotting a bubble from some distance away
        1422 33  -  An analysis of the equity risk premium can help investors decide if it’s better to be in cash or in stocks SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder JEREMY Grantham of asset management firm
        Source: Compiled by BT with data from Reuters Thomson Financial Datastream  -  1,422 words
    • WEALTH REAL ESTATE
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      50 36 M AUDEMARS PIGUET Le maitre de I'horlogerie depuis 1875 mmmmm SD m m m m am s mm X m A' m •ye •A# m m Ml m /> 5 SI D H ■FLL <e WVi ?S S <* < <•: ft A ;>i JULES AUDEMARS CHRONOGRAPH For enquiries, Tel
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      55 1 DINING The food of love L6-7 STYLE Homme affairs L8-9 LivingTHEBUSINESSTIMESWEEKEND|APRIL2-*****BTTHE BUSINESS TIMES WEEKEND APRIL 2-3 2011 INS AND OUTS Furniture design in Singapore PHOTO: NAKED CHAIR, OUTOFSTOCK TRAVEL Cook up some holiday spirit L10-11 GOLF Field’s wide open at US Masters L17 MOTORING Ice breaker L18 WATCHES Time out
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  • BT Living
    • DESIGN
      • Article, Illustration
        Lock icon INS AND OUTS
        2002 2/3  -  Not just local designers, but those outside the product design discipline, such as architects, are also creating their own furniture lines and showcasing them overseas. By Geoffrey Eu overseas.By Geoffrey Eu btnews@sph.com.sg WHEN the design world gathers later this month in Italy for the annual Milan Furniture
        2,002 words
    • WEEKEND WITH
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        Lock icon Master chef extraordinaire
        1047 5 Paul Bocuse has been credited with transforming the role of chef from invisible artist to celebrity weekend with paul bocuse french chef AP Collonges-au-Mont d’Or, France SEVEN men in white toques and long aprons bend to their tasks, one scooping hunks of butter into a saucepan simmering
        AP  -  1,047 words
    • DINING
      • Article, Illustration
        Lock icon The food of love
        2133 6 / 7  -  Entrepreneurs with a passion for music, design, and the arts are setting up cafes that double as interactive platforms for local creatives to showcase their work. Audrey Phoon finds out more Audrey Phoon aphoon@sph.com.sg The Pigeonhole 52 and 53 Duxton Road Z 9627-2586 www.thepigeonhole.com.sg IT may
        2,133 words
    • STYLE
      • Article
        Lock icon Homme affairs
        26 8 / 9 BT Weekend turns the spotlight on the top Asian designers who will be turning heads at the debut of Men’s Fashion Week Asia 2011
        26 words
      • Article, Illustration
        Lock icon Bodybound for glory
        745 8 / 9  -  By Melissa Lwee Kim Choong-Wilkins IN MANY ways, it seems only fitting that Kim Choong-Wilkins would launch his new menswear label, Bodybound, in Singapore. After all, as British as he is by nationality, Choong-Wilkins is half Singaporean by blood... and not just any blood at that. The
        745 words
      • Article, Illustration
        Lock icon Korea’s Gil has designs on hope
        486 8 / 9  -  By Melissa Lwee G.I.L Homme KOREANdesignerSeoEunGilthinksofhimself as a warm person, and it’s that quality which he hopes shines through in his work. “My label is an expression of myself,” he tells BT Weekend through a translator. “My design philosophy is that I want to
        486 words
      • Article, Illustration
        Lock icon Song For the Mute speaks volumes
        482 8 / 9  -  By Melissa Lwee mellwee@sph.com.sg Song For The Mute TO most fashion designers, being invited to show in Paris is akin to discovering the Holy Grail. That was probably how Australian childhood friends turned design partners Lyna Ty and Melvin Tanaya felt when, earlier this
        482 words
      • Article, Illustration
        Lock icon Let the faux fur fly at DressCamp
        628 8 / 9  -  By Cheah Ui-Hoon uihoon@sph.com.sg DressCamp JAPANESE label DressCamp’s participation in Singapore’s inaugural Men’s Fashion Week couldn’t have been more opportune. Especially when Tokyo’s fashion week, which was supposed to be held last week, was cancelled due to the earthquake and tsunami. “The lighting
        628 words
    • TRAVEL
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        Lock icon Cook up some holiday spirit
        1235 10 / 11  -  Travellers looking for a spot of pampering can turn to cooking class holidays for the perfect balance of activity and guilt-free relaxation. By Daven Wu relaxation.By Daven Wu btnews@sph.com.sg THERE are, in this world, different, stubbornly distinct categories of travellers. There are the intrepid types
        1,235 words
    • WATCHES
      • Article, Illustration
        Lock icon Time out with The Special One
        894 12 / 13  -  The world’s highest-paid football manager, Jose Mourinho, remains cool even when talking about his own line of luxury watches. By Dylan Tan By Dylan Tan dylantan@sph.com.sg MASTER tactician, the world’s highest-paid football manager, trouble-maker almost not a day goes by without Jose Mourinho making
        894 words
      • Article, Illustration
        Lock icon Race against time
        617 12 / 13  -  Watchmakers take inspiration from motor sports and beyond while designing these chronographs. By Dylan Tan dylantan@sph.com.sg Roger Dubuis Chronograph La Monegasque In just 15 years, Roger Dubuis has built up quite a reputation for itself. No mean feat for a watch brand this new when competition remains
        617 words
    • GADGETS
      • Article, Illustration
        Lock icon T op-of-the-line Androids hit stores
        724 14  -  The most eagerly ancipated Google Android phones are here at last packed with bigger screens, features you won’t find on other phones and at less than the cost of an iPhone 4. By Christopher Lim limchris@sph.com.sg 1Samsung Nexus S, $828 There are a lot of
        724 words
    • HEALTH
      • Article, Illustration
        Lock icon Cholesterol – to treat or not to treat?
        1274 15  - Cholesterol to treat or not to treat? The crux lies in having a better understanding of cholesterol and the drugs prescribed to lower the risk of heart attack and stroke. By Michael Lim stroke.By Michael Lim CHOLESTEROL is essential for the function of the body, yet high cholesterol levels may
        1,274 words
    • SPORT
      • Article, Illustration
        Lock icon Still hunting her first Grand Slam win
        629 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor SHE has been on top of the tennis rankings for nearly six months now, but even Caroline Wozniacki herself must admit that she has to accomplish a whole lot more in her young career
        AP  -  629 words
      • Article, Illustration
        Lock icon A swansong for two cricket greats
        515 16  -  pitch report with jason de la pena AFTER six weeks of scintillating cricket, the final of the 10th Cricket World Cup will see India and Sri Lanka slugging it out at the mighty Wankhede Stadium in Mumbai tonight. Observers, journalists and fans would have
        AP PHOTOS  -  515 words
    • GOLF
      • Article, Illustration
        Lock icon Field’s wide open at US Masters
        1071 17  -  Any player could lift the trophy at next week’s Augusta National. By Justine Moss btnews@sph.com.sg THE year’s first major is set to tee off next week, and the US Masters is probably as open as it has been in years thanks to a certain
        PHOTOS: REUTERS, AP  -  1,071 words
    • MOTORING
      • Article, Illustration
        Lock icon ICE BREAKER
        849 18  -  Lamborghini’s Winter Academy was held for the first time outside of Europe in Inner Mongolia last month. By Samuel Ee IN THE SNOWY SETTING FRAMED BY MOUNTAINS AND WOODLANDS, WITH THE OCCASIONAL DEER AND FOX FOR A SPECTATOR, THE LAMBORGHINI WINTER ACADEMY IS SPECIAL FOR DELIVERING BOTH A
        849 words
      • Article, Illustration
        Lock icon SHARP AS EVER
        588 19  -  Eight years on, the Lamborghini Gallardo still turns heads with its straight lines and hard edges. By Samuel Ee samuelee@sph.com.sg LOOKING at the sharp lines and plane surfaces of the Lamborghini Gallardo, it is difficult to imagine that it has been eight years since its debut this
        588 words
      • Article, Illustration
        Lock icon Globe trotter
        738 20  -  In his role as Mitsui’s head for the Asia-Pacific motor vehicles business, Kazuyuki Yagi has travelled all over the region. By Samuel Ee driving style By Samuel Ee samuelee@sph.com.sg AS MITSUI’S head for the Asia-Pacific motor vehicles business, Kazuyuki Yagi’s principal function is to make sure the regional
        ARTHUR LEE  -  738 words
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      803 4 wine&dine with BTWeekend Triple Three Mandarin Orchard Singapore 333 Orchard Road Z6831-6288 Named after the address of the hotel 333 Orchard Road, Triple Three showcases a sumptuous international buffet spread with over 128 culinary delights and 10 LIVE cooking stations. In addition to the freshest Sashimi and Sushi, Tempura and
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