The Business Times, 18 April 2011

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Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Monday, April 18,2011
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  • 837 1  -  PAP manifesto unveiled, with PM stressing need for capable govt ready to act decisively By LEE U-WEN [SINGAPORE] Election fever kicked into higher gear yesterday as the ruling People’s Action Party (PAP) rolled out its much-awaited manifesto, promising to “make Singapore
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  • 1068 1  -  No stranger to liquidity swings, the market is seeing challenging times again By FELDA FELDA CHAY [SINGAPORE] The Catalist board has had a weaker pulse of late, with a sharp drop in share liquidity and a lack of new listings threatening to
    Source: SGX website, PPCF  -  1,068 words
  • 157 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST INDEX 3,153.30 -34.01 KL COMP 1,521.94 -35.55 NIKKEI 225 9,591.52 -176.56 HANG SENG 24,008.07 -388.00 SET INDEX 1,084.91 +2.22 JAKARTA COMP 3,730.51 -11.30
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  • Page 1 Advertisements
    • 188 1 SINGAPORE BUSINESS AWARDS 2011 A photo celebration PAGES 16-17 VIEWS FROM THE TOP Planning for succession PAGES 12-13 BizIT Gartner sees strong sales of smartphones in S’pore PAGE 32 DINING OUT In praise of Nature PAGE 25 HUBLOT GENEVE THE HOURGLASS Contemporary Horological Art SINGAPORE HUBLOT BOUTIQUE MARINA BAY SANDS'
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  • TOP STORIES
    • 897 2  -  But market’s bumpy ride could head downhill if profit results continue to be poor WALL STREET INSIGHT By STEPHEN RAPHAEL in New York STOCKS managed to end last week on a high note as investors took heart from strong economic news and were able to
      897 words
    • 802 2  -  Leadership renewal urgent and critical for S’pore, says PM By TEH SHI NING [SINGAPORE] There are at least five potential ministers among the 24 new candidates that the People’s Action Party (PAP) will field this election, Prime Minister Lee Hsien Loong said
      JOYCE FANG/THE STRAITS TIMES  -  802 words
    • 495 2 Becalmed Catalist board waits for tide to turn THE Catalist board has had a weaker pulse of late, with a sharp drop in share liquidity and a lack of new listings threatening to undermine the three year old platform. FRONT PAGE Into the hustings with pledge to secure
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    • 408 2 AFP Reuters [BEIJING] China’s central bank announced yesterday that it would raise the amount of money that lenders must keep in reserve as official concerns persist over inflation and fast-pace lending. The People’s Bank of China said that it would
      AFP; Reuters  -  408 words
    • 713 4  -  Keppel inks deal on 300m yuan water reclamation plant project By in LYNETTE KHOO in Tianjin, China A SLEW of deals inked yesterday will see six companies comprising multinationals, Singapore and Chinese firms pumping some 500 million yuan (S$95.2 million) into the Sino-Singa-pore
      SEYU TZYY WEI/LIANHE ZAOBAO  -  713 words
    • 685 4  -  Shortages of vital parts from Japanese plants affecting output By ANTHONY ANTHONY ROWLEY in Tokyo INTERNATIONAL concern over the impact on the global economy of Japan’s triple disasters is rising as production in Japan and beyond continues to be hampered by shortages of
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  • COMPANY NEWS
    • 2383 5 Payment Ex Books Pay Ann (cts) date close date date 8Telecom Intl bn 0.615 03-May 05-May 24-May 08-Apr ABR Hldgs ak 1.000 10-May 12-May 27-May 13-Apr Action Asia ak 1.000 06-May 10-May 20-May 25-Feb Adampak Ltd ak 2.000 09-May 11-May 26-May 02-Mar Adv Integrated Mft an 0.330 20-May
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    • 468 5  -  Derivatives offering needed to boost Q3 bottom line, they say By JAMIE LEE ANALYSTS have cut their full-year profit forecasts for the Singapore Exchange (SGX) slightly to factor in weaker market turnover particularly in March. The bourse operator which will report its
      468 words
    • 559 9  - Green fuel and cosmetics only at Transcu Mix of business goes well with the firm’s beliefs commercial needs, says CEO By LYNN KAN GREEN fuel and beauty products aren’t usually natural bedfellows, except at Transcu, the SGX main-board-listed life sciences company. Akihiko Matsumura, the CEO, finds no problems in running
      ARTHUR LEE  -  559 words
    • 403 9 Apr 15 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of
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    • 398 9 COMPANY MEETING PLACE DATE TIME Pac Ship Trust A Maxwell Chambers, 32 Maxwell Road, Level 3, Stamford Raffles Room, Singapore *****5 18-Apr 10.30am Gallant Venture A River View Hotel, Lily Ballroom, Level 4, 382 Havelock Road, Singapore *****9 18-Apr 3.00pm Hu An Cable A 168 Robinson Road, Capital
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  • Page 5 Advertisements
    • 326 5 FOR SALE BY TENDER NEX Mega MallS 100% CONSENSUS TENDER WITHDRAWN SOLD BY PRIVATE TREATY LEONG BEE COURT FREEHOLD RESIDENTIAL SITE NEAR MRT Road Serangoon MRT Bartley Road Land Size 2,734.7 sqm (29,436 sqft approx) Master Plan 2008 For Residential Use; Up to 24 Storeys Potential Gross Floor Area (GFA)
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  • SINGAPORE MARKETS
    • 473 6 CURRENCIES Bloomberg [HONG KONG] India’s rupee and South Korea’s won led declines in Asian currencies last week on concern that higher commodity prices will slow the global economic recovery, hurting exports and curbing demand for emerging-market assets. The Singapore dollar climbed to a
      Bloomberg  -  473 words
    • 548 6  - Sugar fundamentals offer food for thought COMMODITIES By AVTAR AVTAR SANDU The writer is senior manager, commodities, Phillip Futures STRUCTURAL changes in the commodities market are fuelling demand growth. Weather problems, supply lags and strong demand for commodities from China, India and Brazil are all working to ensure that commodities
      548 words
    • 1539 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Properties 2.73 2.73 11 14.04 7.98 1.32 1.12 Amtek Engg 1.75 1.75 4 13.81 8.84 1.61 1.22 ARA Asset Mgt 1.75 1.75 4 9.35 18.61 1.85
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    • 4 6 WEEKLY
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    • 65 6 Apr 15 VALUE CLOSE BT OB/OS 117.00-172.00 BT CADI -*****.00 -43.00 BT 10-day MA -*****.00 +11.00 FTSE ST Mid Cap 774.72 -2.34 FTSE ST Small Cap 559.79 -1.31 FTSE ST All Share 777.09 -1.57 FTSE ST China Top 283.79 -0.46 FTSE ST China 309.39 -1.04 FTSE ST
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    • 59 6 VOLUME HPH Trust US$ 413,800,000 Golden Agri 403,053,000 Dyna-Mac 330,639,000 Genting SP 266,153,000 Gallant 204,537,000 NexGenSCom 143,810,000 Tuan Sing 124,538,000 ChinaTaisan 118,516,000 AusGroup 112,728,000 Cosco Corp 92,960,000 VALUE($) Genting SP 558,865,408 HPH Trust US$ 503,901,061 Keppel Corp 290,523,120 DBS Grp 286,803,192 Golden Agri 285,150,330 CapitaLand 254,860,075 SingTel
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    • 600 6  -  STOCKS R SIVANITHY Senior Correspondent THE fortunes of the local stock market this week will depend mainly on external events, much more so than domestic developments. To understand why, consider that last week’s news of surprisingly strong first-quar-ter manufacturing and GDP
      600 words
    • 110 6 BY CENTS CLOSE UP DBXT DBCBLEB 10US$ 2460 169.4 5.9 DBXT S&P Short 10US$ 4280 93.4 1.8 GLD 10US$ ***** 67.2 0.4 SIA 200 1408 46.0 3.4 SIA 1408 44.0 3.2 Pru 500US$ 1204 42.3 2.9 IS DJ US Tech 6533 41.1 0.5 SIA.ES.1104 1396 30.0 2.2 DBXT E50
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    • 127 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-232.9 -1.4 STXPO 100 1074 -94.0 -8.0 Jardine C&C 3670 -84.0 -2.2 DBXT MSAsExJp 10US$ 3398 -74.7 -1.7 DBXT AUD Bonds 5AU$ ***** -70.7 -0.3 DBXT FTChina25 10US$ 3291 -64.8 -1.6 DBXT MSTaiwan 10US$ 1972 -63.5 -2.5 Lyxor MS India 10US$ 1724
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    • 5 6 WEEKLY
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    • 154 8 APRIL 15 BID PRICE VALUE WEEK-ON-WEEK CHANGE Ausgroup 0.485 18.3 17,945 Reyphon Agriceutical 0.120 9.1 24,000 Novo Group 0.400 5.3 26,400 China Energy 0.135 3.8 5,535 Cosco 2.330 3.6 13,980 Annica 0.035 0.0 5,810 Bio-Treat Tech 0.040 0.0 4,000 China Auto Electronics 0.110 0.0 11,000 China Titanium
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    • 169 8 APRIL 15 BID PRICE VALUE WEEK-ON-WEEK CHANGE Biosensors 1.330 8.1 26,600 AIMS AMP I REIT 0.205 2.5 3,075 ASL Marine 0.635 0.8 5,715 China Kangda Food 0.090 0.0 2,340 Goodpack 1.940 0.0 9,700 Bukit Sembawang 4.330 -0.5 4,330 Lippo-Mapletree Trust 0.550 -0.9 8,800 Rotary Engineering 0.990 -1.0
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    • 483 8  -  TEH HOOI LING Senior Correspondent AFTER three weeks of gains, investors decided to take some money off the table. Fears of further policy tightening also weighed on market sentiment, as China’s inflation jumped to a 32-month high. All but one of our portfolios
      483 words
    • 171 8 APRIL 15 BID PRICE VALUE WEEK-ON-WEEK CHANGE MFS Technology Ltd 0.155 6.9 4,185 Metro 0.875 6.1 9,625 Transpac Indl 2.410 2.6 7,230 Datapulse 0.215 2.4 6,880 Innotek 0.625 1.6 8,750 UOB-Kay Hian 1.820 0.6 9,100 CDL Hospitality Trust 2.030 0.5 14,210 China Merchants (Pacific) 0.655 0.0 7,205
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    • 151 8 sentiment VALUE APRIL 15 BID PRICE WEEK-ON-WEEK CHANGE China Taisan 0.160 6.7 6,400 China Energy 0.135 3.8 6,075 CH Offshore 0.455 3.4 7,735 Sunvic Chemical 0.760 2.0 22,800 Parkway Life Reit 1.750 1.7 8,750 UIC 2.840 1.1 11,360 Cityspring Infra Trust 0.545 0.9 4,905 China
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    • 160 8 APRIL 15 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Taisan 0.160 6.7 6,400 CSC Holdings 0.155 3.3 8,060 Low Keng Huat 0.480 1.1 15,840 ASL Marine 0.635 0.8 5,715 China Sports 0.085 0.0 2,465 CWT 1.340 0.0 18,760 Ho Bee 1.460 -0.7 16,060 SC Global 1.400 -0.7 15,400
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    • 171 8 APRIL 15 BID PRICE VALUE WEEK-ON-WEEK CHANGE Tuan Sing 0.380 10.1 19,760 Metro 0.875 6.1 9,625 Samudera Shipping 0.225 2.3 6,750 Innotek 0.625 1.6 8,750 Auric Pacific 0.685 1.5 4,110 Rickmers Maritime 0.405 1.3 4,050 Allgreen Properties 1.120 0.9 13,440 Hong Fok 0.595 0.8 10,710 Singapore Land
      171 words
    • 1738 8  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited BUYING was flat while the selling among directors remained low based on filings on the Singapore Exchange from April 11 to 15. Buyers outweighed sellers with
      1,738 words
  • Page 6 Advertisements
    • 92 6 HPT Phillip Futures Bringing Global Markets Closer to You www.phillipfutures.com.sg 6538 0500 08 Brought to you by Phillip Futures Pte Ltd (A member of PhillipCapital) i?t i ii i M 1 > Co. Reg. No: *****5695G The above information does not constitute an investment advice, an offer/solicitation to buy/sell the
      92 words

  • Page 7 Advertisements
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  • SINGAPORE NEWS
    • 598 10  -  Endorsement of older workforce may spur others to do the same: Kelly Services By NISHA RAMCHANDANI SINGAPORE Airlines’ recent move to keep the salaries of staff turning 60 years old uncut could pave the way for other companies to do the same.
      598 words
    • 1310 10  -  Corporate lawyer Chen Show Mao, a Workers’ Party candidate in the upcoming elections, has just been honoured for his work on Agricultural Bank of China’s US$22b IPO last year. ANNA TEO reports reports ANNA TEO IT’S easy to picture Chen Show Mao as a leading medical doctor with
      ALPHONSUS CHERN/THE STRAITS TIMES  -  1,310 words
    • 428 10 CHEN Show Mao has a “very pragmatic” response to the argument that a multi-par-ty political system is potentially divisive and inefficient. “I’m just focused on what it is we can do to get the government to be more responsive to people’s needs, to different
      428 words
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  • Page 11 Advertisements
    • 253 11 ww ww^®World Gourmet Sum 2011 25 APRIL 8 MAY FINE CUISINE GREAT WINES I UNIQUE DINING WORLD GOURMET SUMMIT Proudly Presented By cfEibank World Gourmet Summit celebrates 15 years of gastronomic excellence. Embark on this stimulating and tantalising epicurean adventure as we bring you exquisite gourmet creations from the world's
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  • VIEWS FROM THE TOP
    • 3832 12 THIS WEEK’S TOPIC: Do business organisations, particularly in Singapore and the region, pay enough attention to ensuring continuity in leadership? How can they improve the way they handle leadership succession and renewal? Ng Yong Hwee President CEO City Gas Pte Ltd POLITICAL and corporate succession planning have
      STOCKXCHNG  -  3,832 words

  • Page 13 Advertisements
    • 57 13 r rv Exclusively At SINGAPORE KUALA LUMPUR JAKARTA BANGKOK PARAGON T: (65) 6333 6663 STARHILL GALLERY T: (603)2141 3131 GALLERIA GRAND HYATT T: (6221 3983 881 O SIAM PARAGON T: (662) 61 O 9883 WWW.YAFRlRO.COM PARMIGIANI HERITAGE IN THE MAKING THE KALPAGRAPH COLLECTION Entirely manufactured in Les Ateliers Parmigiani in
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1407 14  -  MAXIE AW YEONG and TEH SHI NING on what you need to know before investing in these instruments MAXIE AW YEONG TEH SHI NING BONDS, often viewed as the boring, lesser cousins of instruments such as shares or commodities, can in fact offer something for every
      STOCKXCHNG  -  1,407 words
    • 878 14  -  Finding finance more interesting than engineering, Daniel Tan switched courses in university. It’s proving to be a profitable change, reports MAXIE AW YEONG STARTING YOUNG reports MAXIE AW YEONG SINGAPORE Management University (SMU) business management undergraduate Daniel Tan does not fit into your stereotype
      ARTHUR LEE  -  878 words
    • 302 14 ASK DR INVEST Q: I am an undergraduate and I am currently doing my research on the stock market. Should I use fundamental or technical analysis to trade or invest in the market? A: To begin, you need to be clear if you are going
      302 words
  • Page 14 Advertisements
    • 346 14 Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to start investing, feature
      346 words

  • MALAYSIA
    • 758 15  -  Sarawak election results give BN food for thought MALAYSIA INSIGHT PAULINE NG KL Correspondent IFthejustconcludedSarawak state election is any barometer of when national polls might be held, the odds appear stacked against Malaysia’s Parliament being dissolved this year. Barisan Nasional (BN) might have retained
      758 words
    • 1919 15 VOL Apr 15 RM +/-(‘000) A M Realty 0.50 0.02 10 Abric Bhd 0.33 -0.01 91 Advance Synerg 0.26 -0.01 2237 Adventa Bhd 2.31 unch 116 Ae Multi Hldgs 0.31 -0.01 432 Affin Holdings 3.44 0.05 465 Ahmad Zaki Res 0.89 -0.01 232 Aic Corp 1.09 0.01 85
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  • Page 15 Advertisements
    • 106 15 Finance new opportunities That’s what commercial lenders can do when they’re smart about managing risk.And smart lenders can seed innovative new businesses by working with CME Group,the world’s leading derivatives marketplace.Emerging growth companies and financial institutions around the world come to us to manage virtually every kind of risk.Interest rate
      106 words

  • SINGAPORE BUSINESS AWARDS 2011
    • 811 16  -  By NISHA RAMCHANDANI THEY say good things come to those who wait and the four winners of this year’s Singapore Business Awards (SBA) are prime examples of how patience and perseverance can work wonders. Jointly organised by The Business Times and DHL Express, the awards were first
      Photos by JOHN HENG and ARTHUR LEE  -  811 words


  • ECONOMY WATCH
    • 784 18 Inflation, worsening conditions in Mid East, N Africa could derail global growth AFP [WASHINGTON] Global finance chiefs have warned that rising food prices, unanswered joblessness, turmoil in the Middle East and weak finances in advanced economies could still derail economic recovery. “We are
      AFP; REUTERS  -  784 words
    • 587 18 AFP [ATHENS] Austere-looking Europeans dictating economic policy are nothing new for Greece, which went bankrupt over a century ago and had to accept an international commission of control over its finances. The year was 1898. A much smaller Greek state had just lost
      AFP  -  587 words
  • Page 18 Advertisements
    • 107 18 asiaMSJ.com > lift sales" "How a tipster invests in Asia's art scene" "Fine Art: A Close-Up of a Master" houses turn to China for buyers" Y>ur Business is Our Business. From finance to politics, management to art culture, you can count on The Wall Street Journal Asia to give you
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  • GREATER CHINA/INDIA
    • 329 19 Deputy head of China central bank also says inflation is a global policy issue Bloomberg [WASHINGTON] The International Monetary Fund (IMF) should work on the management of cross-bor-der capital flows and global liquidity, the deputy governor of China’s central bank said, highlighting inflation
      Bloomberg  -  329 words
    • 332 19 AFP [WASHINGTON] African officials said on Saturday they need Chinese aid because they cannot get support from traditional partners, and called Western criticism of China’s huge Africa support programme unfounded. “Most of our countries cannot access the markets to borrow. We are forced to
      AFP  -  332 words
    • 490 19 Back-to-back tournaments keep patrons away AFP [MUMBAI] A packed cricket schedule that peaked with an Indian win in the World Cup final has hit the country’s other grand passion film emptying cinemas and forcing studios to postpone big movie releases. Analysts said
      AFP  -  490 words
    • 273 19 Bloomberg [WASHINGTON] Countries should not use currency intervention as a part of trade policy, and should allow economic fundamentals to dictate exchange rates, said Duvvuri Subbarao, governor of India’s central bank. “Letting exchange rates remain aligned with economic fundamentals, and an agreement that
      Bloomberg  -  273 words
    • 427 19 HK’s open economy could be a model for Moscow: Medvedev AFP [HONG KONG] Russian President Dmitry Medvedev held talks on Sunday with Hong Kong’s leader on a visit aimed at improving business ties and harnessing the territory’s financial expertise to modernise Russia. In
      AFP; AP  -  427 words
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  • WORLD
    • 693 20  -  More financial and human resources needed to deal with challenges, it says By in Tokyo ANTHONY ROWLEY in Tokyo FOR the past month, the world’s eyes have been riveted on Japan’s earthquake, tsunami and nuclear near-meltdown. But Asia as a whole may have
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    • 426 20 Trade-exposed sectors do deserve govt aid, he adds Bloomberg [SYDNEY] Australia needs to forge ahead with a carbon tax to protect its prosperity, Treasurer Wayne Swan said as labour unions threatened to oppose the government’s plan over concerns that it would cost jobs. “These
      Bloomberg  -  426 words
    • 86 20 [NEW YORK] This image provided by Sotheby’s shows Salvador Dali’s 1943 painting, “Princess Arthchild Gourielle-Helena Rubinstein”, which depicts Helena Rubinstein chained to a rocky cliff by her jewels. Rubinstein, the self-made businesswoman whose name was synonymous with elegance and beauty, was a patron of the arts
      AP  -  86 words
    • 304 20 It may lead US firms to boost hiring, thus easing joblessness Bloomberg [WASHINGTON] US companies might hire more workers if the US were to cut the tax rate on cash that companies bring home from foreign subsidiaries, PepsiCo chief executive officer Indra Nooyi
      Bloomberg  -  304 words
    • 331 20 Bloomberg [TEHRAN] Iran expects by next March to finish drilling its first exploration well for oil in the Caspian Sea, where it hopes to catch up with neighbouring countries that are already developing major crude deposits. Iran spent more
      Bloomberg  -  331 words
    • 448 20 It plans a US$214m fund-raising attempt within days: report AFP [PHILADELPHIA] The acclaimed Philadelphia Orchestra said it would file for bankruptcy, the first major US performance ensemble to do so during the nation’s current economic turmoil. Kate Johnston, a spokeswoman for the 111-year-old orchestra,
      AFP  -  448 words
    • 618 21 She adds that the US is committed to get the long-delayed deal done this year Reuters [SEOUL] US Secretary of State Hillary Clinton said yesterday that concluding a long-delayed free trade agreement with South Korea was a priority for the Obama
      Reuters; PHOTO: AFP  -  618 words
    • 596 21 Prices of food, oil are driven up by money printing, low rates AP [WASHINGTON] Brazil’s finance minister said that developed nations such as the United States were seeking to solve their own economic problems at the expense of the developing world. The minister,
      AP  -  596 words
    • 743 22  -  Repair equipment being moved to higher ground after strong aftershocks By ANTHONY ROWLEY in Tokyo IT will take 6-9 months to bring the badly damaged reactors at Japan’s Fukushima Daiichi nuclear power station back to a stable state, “known as a cold
      743 words
    • 446 22 Other smartphones to be subject to same restrictions, says RIM AP [DUBAI] The maker of BlackBerry devices said yesterday it has been told that possible new restrictions proposed by Emirates authorities on the popular gadgets would apply to other smartphones too. The Gulf
      AP  -  446 words
    • 706 22 Reuters [SHANGHAI] McLaren’s Lewis Hamilton won a thrilling Chinese Grand Prix yesterday to deny Formula One world champion Sebastian Vettel a fifth triumph in a row. Germany’s Vettel finished runner-up and 5.1 seconds behind the Briton, who narrowly avoided starting from the pit lane
      Reuters; AP  -  706 words
    • 329 22 Reuters [HELSINKI] Finland’s anti-euro True Finns party are expected to have made big gains in yesterday’s parliamentary election, threatening the pro-European government and raising the risk of disruption to a European Union bailout of Portugal. Finland’s parliament, unlike others in the eurozone, has
      Reuters  -  329 words
    • 375 22 Besides making joint purchases, they may also make joint bids Bloomberg [PARIS] France Telecom SA and Deutsche Telekom AG are preparing an accord that may lead to joint purchasing of telecommunications equipment at lower costs, according to a person familiar with the
      Bloomberg  -  375 words
    • 647 23 There is a theory: By giving the rich more cash, it will be spent in productive ways AFP [WASHINGTON] Talk in Washington about fiscal targets and deficit reduction has masked a fierce and decades-old ideological clash about taxing the rich that
      AFP  -  647 words
    • 729 23 Communist Party chief praised for getting things done AFP [VIETNAM] He has been called a dictator and is dogged by rumours of corruption but many agree that Nguyen Ba Thanh has rare talents in a country choked by bureaucracy: He gets things
      AFP  -  729 words
  • Page 20 Advertisements
    • 448 20 MATS 0 NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF SAGE INTERNATIONAL ASIA PACIFIC PTE LTD (In Members' Voluntary Liquidation) Reg No. *****8042Z NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the
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    • 21 20 Foshan city in Guangdong now a key battleground for S'pore developers 广成 To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • Page 21 Advertisements
    • 154 21 IPO PERIOD •GlobalFirstStateGlobal Agribusiness 4 April 2011 29 April2011Agribusiness Invest in assets that sustain the world. First State Global Agribusiness. With the world’s population set to grow by 40% in 2050, large-scale commercial farming, processing, supply and support will play a major role in feeding an estimated 9 billion people.
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  • Page 22 Advertisements
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  • AVIATION/SHIPPING
    • 490 24 Two-day conference will focus on the threat and means to eradicate it AFP [DUBAI] Shipping industry leaders, foreign ministers and independent experts meet in Dubai today for talks on maritime piracy, as attacks hit record numbers despite international naval efforts. The two-day “Global
      AFP  -  490 words
    • 356 24 Fresh single-day record set on March 31 Reuters Xinhua [HONG KONG] Flight movements at the Hong Kong International Airport in March have risen 15.5 per cent year on year to a monthly high of 28,140. A new single-day record of 971 flight movements
      Reuters; Xinhua; AFP  -  356 words
    • 3274 24 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1300 SQ456 1245 --EY473 1955 VA7473 1955 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 Amsterdam LO4031 0545 LO4032 2355 SQ323 0545 SQ324 2355 US5410 0545 US5411 2355 AZ3992 1525 KL835 1525 Athens
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    • 637 24 Reuters [LONDON] NATO is considering creating a sea corridor backed by naval vessels to enable merchant ships to boost trade with Libyan rebels and speed up humanitarian aid. Fighting between Libyan armed forces and rebels who are trying to overthrow Muammar Gaddafi, as
      Reuters  -  637 words
    • 278 24 SGX '000 Apr 15 S$ +/-Vol CH Offshore 0.46 0.02 440 Chuan Hup Hldg 0.23 unch 75 Cosco Corp 2.33 0.04 ***** CWT Ltd 1.34 -0.01 596 Ezra Hldgs 1.75 -0.02 7007 First Ship Lea 0.41 unch 495 Freight Links 0.07 0.01 1064 Grand Banks unch unch 0
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  • Page 24 Miscellaneous
    • 335 24 CRYPTIC CROSSWORD Across 7 Lucid narrative representing justice say (8,6) 9 Reformed faculty member grabbing second broadcaster (10) 11 Clean side of window by tree (4) 12 Recall of lad and lout (3) 13 Coward is cast ready to tremble about first sign of conflict (7-3) 16 List of duties
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  • DINING OUT
    • 699 25  -  PROMOTIONAL MENU By Audrey Phoon Novus #01-02 National Museum of Singapore 93 Stamford Road Tel: 6336-8770 www.novus.sg IT is heartening to see more businesses in Singapore support planet-friend-ly projects. Like the shops that ran on candlelight during last month’s Earth Hour. The beauty company that is
      699 words
    • 611 25  -  NEW RESTAURANT By Geoffrey Eu Graze 38 Martin Road Tel: 6509-1680 www.graze-martin38.sg ALL-DAY dining is a challenging segment of the F&B market to tackle but Graze, a just-opened restaurant in the increasingly vibrant Robertson Quay area, appears to have a few positives going for
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  • Page 25 Advertisements
    • 60 25 WINE DINE AND HOSPITALITY Reach SeriousGoiirinets In This Targeted Space Amy Choo Adeline Goh Amy Leo Lawrence Chang 6319 1559 *****127 6319 2129 6319 1650 9690 3432 9681 8289 9730 7101 9229 4919 Lina Tan Alisa Tan Jeffrey Nah Alfred Lee 6319 2045 *****480 6319 2054 6319 2037 9620 1355
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    • 80 25 www.omy.sg a V V •k *> 5v Casserole ffifSiflz ft k W i j/r m W MAGIC MOMENTS AT OSCAR'S. 24 HOURS A DAY Award yourself 24 hours a day, 7 days a week. Savour supper after a show. Indulge in a sumptuous buffet lunch or a la carte dinner.
      80 words
    • 42 25 Tuck into THE GREAT outoockCHARITY CEO Feast on great hawker fare prepared personally by S’pore’s top bosses Feel good because all proceeds go to charity When: Every Friday (7-10pm) Where: Food Republic Beer Garden at St James Power Station the new paper
      42 words

  • SINGAPORE STOCKS
    • 8824 26 Week ended: Apr 15 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 8Telecom 17.5cd +0.5 100 17.5 17.5 17 18 7.8 3.5 3.7 83.8 12 4.5 A-Sonic 7.5cd unch 1242 8
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    • 1734 27 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 t AA Grp 4.5 4 5 21.4 4.3 225 145 t APStrategic 170 160 174 100.9 1.5 0.5 t Advanced System 0.5
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    • 113 27 Stock name Close Change CapMallsAsia 1.880 CapitaLand 3.410 CapitaMall 1.890 -0.010 CityDev 11.600 -0.100 ComfortDelGro 1.550 +0.010 DBS Grp 14.660 -0.140 F&N 6.240 -0.010 GLP 2.000 Genting SP 2.090 Golden Agri 0.695 -0.005 Stock name Close Change HK Land 7.210 +0.010 JMH 45.880 +0.660 JSH 27.680
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    • 2640 27 Transaction date: Apr 15 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.35 unch 12 Aeon Stores 16.30 unch 0 Angang Steel 10.66 -0.60 ***** Anhui Conch 50.75 0.85 5897 Anhuiexpresswa 6.32 -0.05 792 Asia Satellite 15.92 0.08 10 Asm Pacific 102.80 0.80 648 Bank Of E Asia 32.95
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    • 257 27 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 AVJennings A53 +1 26 53 51.5 52 54 3.6 6.6 4.2 138 55 16 Genting HK US$ US43 -1 ***** 44 42 43 43.5 2831.3
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    • 186 27 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 11 1 0 0 0 5 11 1 Manufacturing 50 106 59 7 8 23 57 114 82 Commerce 21 31 25 4 5 8 25 36 33 Tpt/Stor/Comms 12 24 12
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    • 919 27 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 111 -0.5 35 113 109.5 110 112 506.7 1075 761 CIMBAsean40 100US$ US1073 +6 225 1073 1030 1003 1073 42.9
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    • 121 27 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 402,556 402,556 604,340 604,340 Manufacturing 1,305,388 66,371 1,371,759 1,231,997 5,528 1,237,525 Commerce 447,845 45,950 493,795 500,026 10,183 510,209 Tpt/Stor/Comms 946,691 30,932 977,623 1,600,626 2,546 1,603,172 Finance 99,129 99,129 824,806 824,806 Construction 265,837 3,537 269,374 80,025
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  • Page 27 Advertisements
    • 26 27 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
    • 374 28 In local curr In S$ In US$ dy yr dy yr dy yr Apr 15 Index Change Change Change Change Change Change World Index Preliminary 921.5 0.2 2.7 -0.2 1.5 0.1 4.5 EAFE Preliminary 802.1 0.0 0.2 -0.5 0.8 -0.2 3.8 Europe Preliminary 1193.1 0.3
      374 words
    • 188 28 Apr 15 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.02 US$ Offer Bid 7 days 0.24 0.14 1 month 0.34 0.24 2 months 0.38 0.28 3 months 0.43 0.33 6 months 0.55 0.45 9 months 0.80 0.60 12
      188 words
    • 22 28 Apr 15 S$ Bid Offer 1-month 1.2451 1.2455 2-months 1.2450 1.2454 3-months 1.2449 1.2453 6-months 1.2446 1.2450 Source: OCBC
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    • 128 28 Apr 15 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) May 11 589.0 588.0 587.3 5 Jun 11 579.3 Jul 11 566.0 Aug 11 563.3 Sep 11 548.0 Oct 11 538.3 Nov 11 539.0 Dec 11 539.0 Jan 12
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    • 81 28 Apr 15 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 14.07.2011 0.25 0.25 0.20 1-Year BY*****N 01.11.2011 0.33 0.25 0.20 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.32 5-Year N*****0W 1.125 01.04.2016 100.21
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    • 107 28 Apr 15 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 11 1331.75 1331.00 1338.50 1322.25 Jul 11 1343.25 1342.75 1349.75 1333.75 Aug 11 1344.50 1345.00 1351.00 1336.00 Sep 11 1342.25 1345.00 1348.50 1334.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 11 56.84
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    • 77 28 CRUDE OIL PRODUCTS Apr 14 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 122.15 0.07 WTI (Near Mth) 107.13 unch Dubai (1-Mth F) 115.29 1.14 Tapis blend 130.19 1.40 Minas 126.59 1.40 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 116.28 2.84 Jet Kerosene 138.80 1.70 US$/barrel Opec Oil
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    • 2828 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 23 -1.5 686 1 10 -12 1.63 55 Asia-Pacific Strategic W*****6 24 1 150 2 7.08 37 ASJ Hldgs W*****1 1.5 1 4 22 3.00 10 AlliedTech W*****2
      2,828 words
    • 121 28 Apr 15 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.359 1.283 Can dollar 1.322 1.272 Euro 1.841 1.771 Sterling pound 2.078 1.999 NZ dollar 1.019 0.971 US dollar 1.265 1.217 Local dollars to 100 units of foreign
      121 words
    • 29 28 Apr 15 Open High Sett STI Apr 3132 3132 3137 SIMSCI Apr 371.3 373.1 370.9 Taiwan Apr 311.4 312.5 308.1 Source: MF Global (S) Pte. Ltd
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    • 65 28 Apr 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 11 3370 3360 3370 3360 79 658 May 11 3332 3289 3332 3272 1086 ***** Jun 11 3307 3236 3310 3232 ***** ***** Jul 11 3297 3233
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    • 478 28 Apr 15 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun11 99.7100 0 1656 Sep11 99.6200 0 3457 Dec11 99.4650 0 1783 Mar12 99.2300 0 3026 EUROYEN TIBOR FUTURES Jun11 99.6725 99.6725 99.6725 99.6725 2 5002 Sep11 99.6700 0 1443 Dec11 99.6625 0 1991 Mar12 99.6500 99.6500
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    • 464 28 Apr 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.013 6.867 0.727 8.175 46.767 91.042 0.873 11.455 3.179 1.322 88.513 45.471 1.309 7.197 0.938 30.536 31.703 0.643 1.051 Canada 0.987 6.780
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    • 85 28 Apr 15 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 137 28 Apr 15 GOLD (US$/oz) Apr 14 Apr 15 Hong Kong 1464.50 1475.00 Apr 15 Apr 14 London 1483.50 1466.57 1484.25 1467.34 Source: Thomson Reuters CAST BAR Apr 15 (S$) Selling Buying Kilobar 63,304.41 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 142 59 5gm 403 295 10gm 719
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    • 69 28 Apr 15 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2674.50 2619.00 3 months 2694.00 2643.00 Copper, Grade A (US$/tonne) Cash 9384.25 9389.25 3 months 9405.00 9410.00 Lead (US$/tonne) Cash 2714.75 2664.50 3 months 2651.00 2613.50 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.50
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    • 154 28 Apr 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3090 1.3096 1.0512 1.0515 Canadian dollar 1.2922 1.2931 1.0378 1.0382 Euro 1.8017 1.8022 1.4469 1.4470 NZ dollar 0.9897 0.9905 0.7948 0.7953 Sterling pound 2.0355 2.0363 1.6347 1.6349
      154 words
    • 82 28 Apr 15 COCOA (£/tonne) Close Prev High/Low May 11 1972 1963 1984/1960 Jul 11 1979 1960 1983/1954 Sep 11 1993 1975 1997/1969 Dec 11 2010 1990 2012/1981 COFFEE (US$/tonne) Close Prev High/Low May 11 2462 2466 2489/2427 Jul 11 2468 2469 2495/2430 Sep 11 2486 2490 2511/2456 Nov 11
      82 words

  • 5587 29 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. *****3249E 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 SIAM JADE Muscat/Sharjah/Doha/Bahrain/Dammam
    5,587 words
  • Page 29 Advertisements
    • 32 29 Experienced sh/p maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES
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  • Page 30 Advertisements
    • 247 30 MARKET BUZZ SWIRE SHIPPING SERVICE ENHANCEMENT SOUTH EAST ASIA TO PORT MORESBY SWIRE SHIPPING has announced a major upgrade to its service coverage from South East Asia to Papua New Guinea with the deployment in late April of an additional 1,100 TEU 9 vessel (approx. deadweight 13,600 tonnes) to its
      247 words
    • 17 30 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
      17 words

  • Page 31 Advertisements
    • 253 31 THE SME MAGAZINE PRESENTS BUSINESS RECOVERY WHEN MARKET CONDITIONS CHANGE Chia Kim Piow Chairman Managing Director Rotary Engineering Limited, Businessman of the Year Singapore Business Awards Te Singapore Business Awards Businessman of the Year and Enterprise winner will share with SMEs how to react to changing market conditions brought about
      253 words
  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 679 31  -  Many firms here are facing significant data storage and information management issues, with 82% believing this to be a major problem, writes AMIT ROY CHOUDHURY writes AMIT ROY CHOUDHURY WITH an explosion in digital content creation, Singapore firms are facing significant data storage and information
      679 words
    • 890 31  -  The tablet leaves non-BlackBerry-toting folk out in the cold <cool stuff> By VICTORIA HO TALK about limiting its audience. Research in Motion’s (RIM) soon-to-be-released PlayBook tablet device looks and feels like a slick little gadget, but non-BlackBerry-toting folk may feel like they’ve been
      BLOOMBERG  -  890 words
    • 396 31 Reuters [MOSCOW] Russia is looking to the experience of other countries, including China, to “regulate” Internet use, though Moscow has no plans to broaden Web censorship, a government spokesman said on Saturday. Weeks after hacker attacks temporarily closed down the country’s most popular blog
      Reuters  -  396 words
    • 1145 32  -  And in the battle of operating systems, Gartner predicts that Android will replace Symbian at the top, writes AMIT ROY CHOUDHURY writes AMIT ROY CHOUDHURY SMARTPHONE sales in Singapore are expected to hit 1.6 million by the end of this year as more people
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  • Page 32 Advertisements
    • 119 32 Net Profit USD 469 million up by 34.8% on last year Total Assets USD 66.7 billion up by 32.5% on last year 469 348 168 179 252 K 278 March 2006 March 2007 March 2008 March March March 2009 2010 38.6 35.7 15.7 19.2 66.7 to 50.3 March March 008
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