DJIA 8,228.10 (+279.01)

• Singapore Fin Min: Corporate Tax Cut To 17% From 18%
• Singapore:To Defer For 2 Yrs Ppty Tax For Land OKed For Devt
• Fin Min: 40% Ppty Tax Rebate For Indus, Commercial Ppties
• Singapore Fin Min: To Spend S$2.6B In Tax Measures, Grants For Cos
• Singapore Fin Min:Budget Includes S$20.5B Stimulus Package
• Singapore Fin Min: S$5.1B Will Go To Save Jobs
• Singapore Fin Min:S$5.8 Billion To Stimulate Bank Lending
• Keppel Land Target Cut To S$1.45 Vs S$1.52 By Goldman Sachs
• City Developments Issues S$100M Islamic Trust Certificates
• N/T Prospects For S'pore Conglomerates Dim - Citi
• Macquarie Cuts Chartered Semi Target To S$0.15
• Hyflux Water Trust Down 1.6% at S$0.305; CEO Resigns
• Keppel Land Target Cut To S$1.87 From S$2.17 By DBS Vickers
• USD/SGD May Trade In 1.4920-1.5050 Range
• Chartered Semicon Target Cut To S$0.15 Vs S$0.20 By Macquarie
• KepLand's Profit Fall, Outlook May Restrain Shrs
• CapitaMall Trust 4Q Distribution 3.65 Singapore Cents/Unit
• First Ship Lease Downgraded To Hold From Buy By UOB KayHian
• STI Expected To Rise On US Stks, Budget Hopes