The Business Times, 23 January 2010

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL30372
Total Pages: 47
1 20 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    17 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg JANUARY 23-24, 2010 S$1.00 MICA(P) 124/08/2009 S$\ A SINGAPORE PRESS HOLDINGS PUBLICATION
    17 words
  • Article
    Lock icon Asia gets hit as Obama takes aim at the banks
    725 1  -  Markets retreat on fears that move will squeeze funding By Oh Boon Ping huwenbin@sph.com.sg Singapore ASIAN stocks were caught in the crossfire as US President Barack Obama declared war on Wall Street banks and proposed to overhaul them. Yesterday, regional
    725 words
  • Article, Illustration
    Lock icon Football’s financial mess
    1436 1  -  Owners hollowing out clubs steeped in success and tradition By Michelle Quah michquah@sph.com.sg Singapore THERE is more bad news for supporters of English football giants Manchester United. For the first time ever, their debts have crossed £700 million (S$1.6 billion) and now stand at £717 million, thanks
    AFP  -  1,436 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      138 1 the business www.businesstimes.com.sg the raffles conversation STEPHEN HESTER, CEO OF THE ROYAL BANK OF SCOTLAND 8-9 CEOS' HAWKER GUIDE Laksa L6-7 WEALTH Junk bonds still a good bet 30-31 property watch Private home prices firming ANALYSTS bullish after URA data shows hike in Q4 prices and rentals, and dip in
      138 words
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      60 2 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 30-32 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Travel L2-5 CEOs’Hawker Guide L6-7 Dining L8-9 Shopping L12-13
      60 words
    • Article, Illustration
      Lock icon Obama takes on Wall Street
      791 2  -  His administration is finally on the right track in cleaning up the US banking system commentary| By Vikram Khanna “IF these folks want a fight, it’s a fight I’m ready to have,” thundered President Barack Obama after he announced the most radical proposals yet to
      REUTERS  -  791 words
    • Article
      Lock icon MARKETS
      137 2 STI 2,819.71 (-31.27) STI FUTURES 2,819.00 (-33.00) SIMSCI 337.74 (-3.63) SIMSCI FUTURES 336.90 (-4.30) STOCKS Friday Change KL COMP 1,300.45 -7.91 NIKKEI 225 10,590.55 -277.86 HANG SENG 20,726.18 -136.49 SET 714.10 -4.89 JAKARTA 2,610.34 -28.04 MANILA 3,023.47 -62.11 KOSPI 1,684.35 -37.66 SHENZHEN B 607.90 -12.57 MUMBAI IND 16,859.68 -191.46
      137 words
    • Article, Illustration
      Lock icon Property market eyes fruits from Remaking S’pore
      935 4  -  Analysts bullish after URA data shows hike in Q4 prices and dip in vacancies By Kalpana Rashiwala kalpana@sph.com.sg Singapore THE increase in Singapore private home prices moderated in the fourth quarter, but there are also signs of things firming again if the economy
      Source: URA  -  935 words
    • Article, Illustration
      Lock icon S’pore must grow, draw, retain talent: Eng Hen
      487 4  -  By Teh Shi Ning tshining@sph.com.sg Singapore AS SINGAPORE restructures its economy, it must continue to grow, attract and retain talent both local and foreign, Education Minister Ng Eng Hen said last night. Singapore’shumancapitaldevelopment and related policy issues were a recurring node of
      487 words
    • Article, Illustration
      Lock icon Sultan Iskandar of Johor dies at 77
      577 5  -  Crown prince Tunku Ibrahim made regent hours before his death By Pauline Ng btworld@sph.com.sg Kuala Lumpur THE Sultan of Johor, Mahmud Iskandar Ismail, died last night at age 77 after having been admitted to hospital earlier in the day for an unspecified illness.
      577 words
    • Article, Illustration
      Lock icon Strong female showing on Uniquely S’pore
      778 6  -  The Singapore clipper has two women round-the-worlders onboard for the race By Emilyn Yap emilyny@sph.com.sg Singapore “THE ocean or the boat doesn’t really recognise you as someone experienced, or as a girl or a boy. It just needs someone who respects the right way
      778 words
    • Article
      Lock icon Clipper crews say goodbye to Nongsa, hello to S’pore
      477 6  -  By Vincent Wee vincewee@sph.com.sg Nongsa, Batam THE crews of the Clipper 09-10 Round the World Yacht Race last night enjoyed one last round of the Indonesian hospitality they had been enjoying for the past week as they bid a fond farewell
      477 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      575 3 -N 1 I am soooooo glad I decided not to cook this year We are a feast of reasons why you'll never need to lift a finger again EV-V Afe J mcucnciiiEilMnDDcnmQDmcnizimnDmciDmEzimcucnizimizicncQcnciDcniciDcnizicn This Chinese New Year, take a break from the kitchen with festive treats at over 50 dining merchants.
      575 words
Page thumbnail Page 4
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      214 5 St. Thomas Walk Luxury at Its Peak 61 Freehold Units Iconic 36-stoney development with breathtaking views Minutes to Orchard, Clarke Quay Marina Bay Very private, spacious functional 3- 4-bedroom and super-penthouse options Private lifts Premium quality designer fittings and superior finishes 1,700-6,523 sq ft 24th January 2010 (Sat Sun) 9am-7pm
      214 words
Page thumbnail Page 6
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      165 7 n > > i fed Mr. Pi rick .c Events At Waterfront Key Waves Showflat Bedok Reservoir SUNDAY, 24th JANUARY 2010 NEW CHOICE UNITS RELEASED!! Indulge in a luxurious tropical resort lifestyle! Enjoy excellent views of tranquil Bedok Reservoir! Msi mpression Our Show Suites are open daily from 10am to
      165 words
Page thumbnail Page 8/9
  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Clarity amidst crisis
      2571 8/9  -  Stephen Hester, CEO of the Royal Bank of Scotland, strikes an optimistic note despite the mammoth task ahead of him. By Conrad Tan Conrad Tan conradt@sph.com.sg IT IS difficult to envy Stephen Hester, the chief executive of the Royal Bank of Scotland, for his job. Both he
      YEN MENG JIIN  -  2,571 words
  • Page 8/9 Advertisements
    • Advertisement
      Lock icon Page 8/9 Advertisements Column 1
      70 8/9 The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. Raffles Hotels Resorts epitomizes enchanting experiences, embodying global sophistication and residential charm. Each is exclusive, intimate with a distinctive sense of place, imbued with heartfelt service that is intuitive and unobtrusive “like a gentle breeze”.
      70 words
Page thumbnail Page 10
  • WEEK IN REVIEW/WEEK AHEAD
    • Article, Illustration
      Lock icon THIS WEEK |Jan 18-22,2010
      815 10 THIS WEEK Jan 18-22,2010 Jan 18-22, 2010 SGX trading volume surge seen as bullish THE trading volume of stocks on the Singapore Exchange surged 72 per cent in the first two weeks of the new year compared with the daily average in the last quarter of 2009. Analysts view this
      BLOOMBERG  -  815 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 1
      307 10 CRYPTIC CROSSWORD Across 1 Holy area in outskirts of Samarkand (6) 4 Star skater is upset (8) 9 Angled, and he’d caught fish (6) 10 Peace-making counsel is put at risk (8) 12 Tax on goods and service (4) 13 Artist when old retires South (5) 14 Health food council
      307 words
    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 2
      12 10 SATURDAY with Ludwig ‘Over here they offer a very attractive severance package...’
      12 words
Page thumbnail Page 11
  • COMPANIES
    • Article, Illustration
      Lock icon Tiger Airways makes a loud roar on debut
      635 11  -  But analysts are mixed over whether the stock is overpriced compared to its peers By Ven Sreenivasan ven@sph.com.sg Singapore Singapore IT WAS a roaring debut for Tiger Airways on its first day on the Singapore Exchange (SGX) as it confounded sceptics and
      635 words
    • Article
      Lock icon CMT’s Q4 distributable income rises 25.5%
      380 11  -  By Nisha Ramchandani nishar@sph.com.sg Singapore HIGHER gross revenue from five malls has contributed to CapitaMall Trust (CMT) achieving a 25.5 per cent year-on-year surge in distributable income to $76.5 million for its fourth quarter ended Dec 31, 2009. This in turn led to a
      380 words
    • Article
      Lock icon Genting Singapore falls on Citigroup report
      184 11 Reuters Singapore SHARES of Genting Singapore declined as much as 4.1 per cent yesterday to $1.18 after Citigroup initiated coverageofthestockwith a“sell”rating and a target price of S$0.80. “We believe that expectations for Singapore’s integrated resorts have become irrationally bullish,” Citigroup analysts said in a
      Reuters  -  184 words
    • Article
      Lock icon Almost all 120 released Cube 8 units sold
      360 12  -  CDL intends to release additional units in the 177-unit freehold condo over the weekend By Kalpana Rashiwala kalpana@sph.com.sg Singapore CITY Developments Ltd (CDL) has sold almost all of the 120 units it had released as of yesterday evening at its Cube 8
      360 words
    • Article, Illustration
      Lock icon PLife Reit racks up 11.6% growth in Q4 distributable income
      366 12  -  By Nisha Ramchandani nishar@sph.com.sg Singapore PARKWAY Life Real Estate Investment Trust (PLife Reit) posted an 11.6 per cent year-on-year increase in distributable income to $12.38 million for the fourth quarter ended Dec 31, 2009. Distribution per unit (DPU) for the
      FILE PHOTO  -  366 words
    • Article
      Lock icon First Reit Q4 distributable income down 0.6%
      554 12 Singapore FIRST Real Estate Investment Trust(FirstReit), Singapore’sfirst healthcare real estate investment trust, posted a distributable income of $5.3 million for the fourth quarter ended Dec 31, 2009, down 0.6 per cent from a year ago, its manager Bowsprit Capital Corporation reported yesterday. Distribution
      554 words
    • Article, Illustration
      Lock icon China Sports to raise $20.5m via share placement
      370 13  -  Move to fund expansion of distribution network for Fifa products By Joyce Hooi joyceh@sph.com.sg Singapore CHINA Sports International, a branded sports fashion footwear and apparel company, is raising net proceeds of about $20.5 million from a proposed share placement. It will issue
      FILE PHOTO  -  370 words
    • Article
      Lock icon Bharti profit rises as price cuts boost wireless use
      552 13 Bloomberg New Delhi BHARTI Airtel reported a quarterly profit thatbeatanalysts’estimatesafterpricecuts helpedIndia’slargestmobile-phoneopera-tor boost traffic on its wireless network. Net income increased 2.3 per cent to 22.1 billion rupees (S$674 million) for the three months ended Dec 31, from 21.6 billion rupees a
      Bloomberg  -  552 words
    • Article, Illustration
      Lock icon Sell-off on worries over China, US banks’ futures
      540 14  -  stocks| R Sivanithy sivan@sph.com.sg Senior correspondent ACCORDINGtocon-ventional wisdom, the threat of lending restrictions for China banks wasthemainworry thisweek, especially since the country announced 8.7 per growth last year thathaveraisedoverheatingconcerns. If so, then it doesn’t explain why Hong Kong and Singapore plunged on
      540 words
    • Article
      Lock icon Ascendas India Trust’s Q3 distributable income falls 8%
      261 14 Singapore ASCENDAS India Trust has recorded distributable income of $14.1 million for its third financial quarter ended Dec 31, 2009, down 8 per cent from a year ago. Distribution per unit (DPU) for Q3 was 1.85 cents, also lower by 8 per
      261 words
    • Article
      Lock icon TOP 20 ACTIVES
      109 14 VOL CLOSE GentingSP 200,256 122 -1.0 -0.8 GoldenAgri 192,609 54.5 -1.0 -1.8 EuNetworks 135,477 1.5 -0.5 -25.0 YingLi 109,016 58 -3.5 -5.7 TigerAir 93,583 158 0.0 0.0 Z-ObeeHldgs 76,066 38 4.0 11.8 Sunmoon 63,038 0.5 0.0 0.0 CapitaLand 59,728 407 -12.0 -2.9 Oceanus 54,975 40 -0.5 -1.2
      109 words
    • Article
      Lock icon STI STOCKS
      111 14 Stock name Close Change CapitaLand 4.070 -0.120 CapitaMall 1.780 -0.040 CityDev 11.000 -0.240 ComfortDelGro 1.640 +0.020 Cosco Corp 1.320 -0.020 DBS Grp 14.820 -0.240 F&N 4.280 +0.030 Genting SP 1.220 -0.010 Golden Agri 0.545 -0.010 HK Land 4.660 JMH 30.000 -0.540 JSH 17.520 -0.100 Jardine C&C 25.900 -0.460
      111 words
    • Business briefing
      • Article
        Lock icon Armarda expects bigger loss for FY2009
        51 14 ARMARDA Group expects to report a bigger loss for the financial year ended Dec 31, 2009. For the year ended Dec 31, 2008, it made a loss of about HK$5.9 million (S$1.1 million). Armarda cited the global financial turmoil and higher amortisation and impairment
        51 words
      • Article
        Lock icon SIAEC, Gulf Technics ink MOU on Bahrain facility
        99 14 SIA Engineering Company Limited (SIAEC) announced that its special-purpose wholly-owned subsidiary, SIAEC Global Private Limited, has signed a memorandum of understanding (MOU) with Gulf Technics to set up and operate a facility in Bahrain for the maintenance, repair and overhaul (MRO) of
        99 words
      • Article
        Lock icon Jasper to get US$149m in proceeds from drill ship sale
        112 14 JASPER Investments said it will reap US$149 million in net proceeds from the sale of a drill ship by its subsidiaries. Jasper’s subsidiaries, under the Neptune Group, have sold the drillship, the Neptune Discoverer, on Wednesday to PetroSaudi International group.
        112 words
      • Article
        Lock icon MapletreeLog signs dealto buy warehouse for $34m
        62 14 MAPLETREE Logistics Trust (MapletreeLog) has signed a conditional sale-and-purchase agreement to buy a warehouse in Singapore for $34 million. The warehouse is located at 15 Changi South Street 2. The seller, CEVA Freight (Singapore), will lease back the property for an initial term
        62 words
    • Article
      Lock icon TOP GAINERS
      60 14 BY CENTS CLOSE UP DBXT S&P Short 10US$ 5390 142.8 1.9 HL Asia 349 18.0 5.4 OCBC Bk 5.1%NCPS 100 ***** 18.0 0.2 M1 217 17.0 8.5 Jurong Cement 226 14.0 6.6 SIA Engg 351 10.0 2.9 SGX 819 9.0 1.1 Lyxor China H 10US$ 1556 8.4 0.4
      60 words
    • Article
      Lock icon TOP LOSERS
      64 14 BY CENTS CLOSEDOWN DBXT Nifty 10US$ ***** -614.6 -3.9 GLD 10US$ ***** -229.6 -1.5 DBXT MSKorea 10US$ 4706 -197.4 -2.9 DBXT MSAsExJp 10US$ 2721 -161.0 -4.1 DBXT FTChina25 10US$ 2820 -106.4 -2.6 Lyxor Europe 10 US$ 1235 -79.8 -4.4 JMH 3000 -75.6 -1.8 Lyxor MS India 10US$ 1500
      64 words
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      54 11 GOOD CLASS BUNGALOW EWART PK FOR SALE 1 Land ***** sq ft 1 Build-up approx ***** sq ft 1 Covered Carpark can park 20 cars 1 38m Pool, Koi Pond 1 Pte Home Lift, Wine Cellar 1 Home Theatre, Gym Rm 1 Hilltop View 1 Attractive Price K H Tan
      54 words
Page thumbnail Page 12
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      422 13 NOTICES BUY IT• SELL IT• FIND IT BUR BBR HOLDINGS (S) LTD (Company Registration No.: *****4349M) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of BBR Holdings (S) Ltd (the "Company") will be held at 50 Changi South
      422 words
Page thumbnail Page 14
Page thumbnail Page 15
  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Navigating the M&A minefield
      1038 15 While the strategic and commercial benefits of a merger and acquisition deal are often apparent, what is less obvious is how to successfully bring the companies together from the desk of ONE of the most interesting aspects of preparations for the impending upturn in the economy
      1,038 words
Page thumbnail Page 16
  • SINGAPORE
    • Article, Illustration
      Lock icon UBS bearish about second half of 2010
      419 16  -  There is still the risk of a business cycle setback by then, warns bank chief economist Andreas Hofert By Oh Boon Ping huwenbin@sph.com.sg MAKE no mistake. Financial markets may have rebounded, but there is still the risk of a business cycle setback in
      REUTERS  -  419 words
    • Article
      Lock icon RecordTV appeals against order
      257 16 INTERNET start-up RecordTV has appealed against a court order to end its online service to record television programmes broadcasted by MediaCorp. In December last year, the High Court ruled that RecordTV had infringed copyright laws by offering a service to record programmes shown on Channel 5,
      257 words
    • Article
      Lock icon Rednano offers new contextual advertising
      231 16  -  By Zeinab Yusuf Saiwalla zeinabs@sph.com.sg A CHEAPER alternative to advertising on Yahoo and Google, Rednano CAN aims to provide advertisers and publishers a contextual advertising network (CAN) to enhance advertising in Singapore. Rednano CAN, launched yesterday by Singapore Press Holdings Search’s (SPH Search) local search
      231 words
    • Article, Illustration
      Lock icon Human touch key to success
      648 17  -  saturday soapbox Lee U-Wen leeuwen@sph.com.sg Acting Deputy Foreign Editor SENSING that I was unsure of my way, the elderly security officer approached me and politely asked: “May I help you, sir?” I replied that I was headed for the lobby of the Festive Hotel, where
      SAMUEL HE/THE STRAITS TIMES  -  648 words
    • Article
      Lock icon 3 local firms join S’pore’s World Expo project
      224 17  -  By Keith Chee keithc@sph.com.sg Singapore THE Singapore Tourism Board (STB) announced yesterday that three local enterprises Far East Organization, Eu Yan Sang International and CapitaLand will join the Singapore Pavilion project at the World Expo 2010 in Shanghai, China this May. The
      224 words
    • Article
      Lock icon A little cheer doesn’t mean good times again
      445 18  -  ‘While the terror of the crisis may have abated, the nervousness of the recovery is only just starting,’ says banker By Teh Shi Ning tshining@sph.com.sg THERE is still a disconnect between market sentiment and economic reality, says Standard Chartered Bank’s chief executive
      445 words
    • Article, Illustration
      Lock icon Local firms should continue global push: Hwee Hua
      490 18  -  By Felda Chay feldac@sph.com.sg SINGAPORE companies continued to venture overseas despite the tough economic conditions last year, and this is a trend that should be encouraged, said Lim Hwee Hua, Minister in the Prime Minister’s Office and Second Minister for Finance and
      490 words
    • Article
      Lock icon Cheaper supplies through bulk scheme
      202 18 THOSE receiving health care have something new to cheer about after the Agency for Integrated Care (AIC) and Singhealth yesterday launched a pilot project to lower costs of medical supplies through aggregated bulk purchases. The two-year project will benefit 30 community healthcare institutions including four
      202 words
    • Article
      Lock icon VivoCity Xi’an signs first anchor tenant
      334 18 MAPLETREE Investments yesterday said it signed on Golden Harvest Cinema as its first anchor tenant for VivoCity Xi’an, its maiden retail mall in China. The mall, which is part of a 200,000 square metre integrated residential and retail development called Future City, is the
      334 words
  • Page 16 Advertisements
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      397 17 WATS NOTICES In the matter of the Companies Act, (Cap. 50) And In the matter of KIM SENG HUAT ENGINEERING PTE LTD (Co. Reg. No. *****5004Z) (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN PURSUANT TO SECTION 308 of the Companies Act, (Cap. 50) that the
      397 words
Page thumbnail Page 18
Page thumbnail Page 19
  • WORLD
    • Article, Illustration
      Lock icon More trade friction seen between US, China
      646 19 Disagreements have historically intensified as the value of trade between US and its trading partners increases: WTO AP AFP Geneva TRADE friction between the United States and China over everything from cars to chemicals will increase in the coming years as the world’s
      AP; AFP  -  646 words
    • Article, Illustration
      Lock icon ‘Volcker Rule’ shifts power away from Geithner
      653 19 LAT-WP Washington FOR much of last year, Paul Volcker wandered the country arguing for tougher restraints on big banks while the Obama administration pursued a more moderate regulatory agenda driven by Treasury Secretary Timothy Geithner. On Thursday at the White House, it seemed
      LAT-WP; BLOOMBERG  -  653 words
    • Article, Illustration
      Lock icon Tighter China fiscal, monetary stance seen
      530 20 Seven missing words in Q4 GDP announcement sparks speculation of official policy adjustment in March Bloomberg Beijing SEVEN missing words in a statement issued on daybyChina’sstatisticsbureau fuelled speculation that the government will officially change its fiscal and monetary policy stance. T h e a
      Bloomberg; XINHUA  -  530 words
    • Article
      Lock icon China’s Q4 data masks major slowdown
      288 20 Bloomberg Beijing CHINA’S 10.7 per cent growth in the fourth quarter from a year earlier masks a “very significant” slowdown in the world’s third-largest economy, DBS Group Holdings Ltd said. “Growth in China is slowing, not accelerating, and very significantly so,” Hong Kong-based economist
      Bloomberg  -  288 words
    • Article, Illustration
      Lock icon HLB may revise EON offer price
      518 21  -  Major shareholders will accept the deal if the offer is raised to RM7.50 per share By S Jayasankaran btworld@sph.com.sg Kuala Lumpur THE offer price for EON Capital by Hong Leong Bank (HLB) may have to be revised upwards from RM7.10 to around RM7.50 (S$3.12)
      BLOOMBERG FILE PHOTO  -  518 words
    • Article
      Lock icon ‘Upside risks’ seen for India’s growth
      422 21 Bloomberg New Delhi INDIA’S growth and inflation face “upside risks” in the next one year that may force the central bank to raise interest rates, Morgan Stanley said. “If the Reserve Bank of India were not to hike policy rates this month, an inter-meeting
      Bloomberg  -  422 words
    • Article
      Lock icon Only 10 lorries of sand sent to S’pore a day: M’sia
      336 21  -  By Lee U-Wen leeuwen@sph.com.sg Singapore MALAYSIA’S state customs department has quashed concerns that hundreds of lorries were transporting sand from Johor to Singapore each day. On Thursday, it said that just 10 Malaysian lorries are involved in exporting sand
      336 words
    • Article, Illustration
      Lock icon US lobbyists get a Supreme Court gift
      633 22 Democrats dismayed; Obama calls it ‘a green light to a new stampede of special-interest money in our politics’ NYT Washington THE Supreme Court handed a new weapon to lobbyists on Thursday: if you vote wrong, a lobbyist can now tell any elected official,
      NYT; REUTERS  -  633 words
    • Briefing
      • Article
        Lock icon HGE’s Q4 earnings top analyst’s expectations
        106 22 Reuters Boston General Electric Co’s quarterly earnings topped Wall Street expectations, as it kept costs in line despite sluggish demand for jet engines, railroad locomotives and other heavy equipment. The largest US conglomerate said yesterday that fourth-quarter profit attributable to common shareholders fell 19
        Reuters  -  106 words
      • Article
        Lock icon Wall Street went on a hiring spree in Dec
        90 22 Reuters New York Wall Street went on a bit of a hiring spree in December, adding 1,000 securities and commodities workers, a state labour market analyst said on Thurs- day. It was the biggest increase in jobs since May, when the
        Reuters  -  90 words
      • Article
        Lock icon NBC ends late night wars: Conan out, Leno back
        88 22 Reuters Los Angeles Conan O’Brien will end his short-lived stint as host of The Tonight Show on Friday after signing a US$45 million exit deal with NBC. Jay Leno will return to the flagship late-night comedy programme. NBC said O’Brien would
        Reuters  -  88 words
Page thumbnail Page 20
Page thumbnail Page 21
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      25 22 fc -S- Lianhe Zaobao Whither will he go —SNIIC founder Richard Chang who resigned from his own companyP fa-iHRlM? For Subscription, call 6388 3838 www.sphsubscription.com.sg
      25 words
Page thumbnail Page 23
  • SGX
    • Article
      Lock icon Untitled
      9074 23 Transaction date: Jan 22 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 3 3148 8Telecom 16.5 unch 4920 17.5 15.5 16.5 17 5 0.7 30 79 10 2.5 5834 A-Sonic 8 -0.5
      9,074 words
    • Article
      Lock icon SGX CATALIST
      1857 26 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 s AA Grp 5 5 5.5 4.8 25 12 8538 t APStrategic 16 14 16 94.4 4 0.5 1501 t
      1,857 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 26 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 8 5 0 0 0 4 8 5 Manufacturing 33 87 77 5 3 17 38 90 94 Commerce 12 31 29 2 6 6 14 37 35 Tpt/Stor/Comms 12 22 8
      186 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      829 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jan 18 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Iconic Hldgs Ltd 21-Jan-10 Resource Equities Pte Ltd Buy 958 na ***** 74.40 ***** 75.26 Iconic Hldgs
      829 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 26 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 47,347 47,347 134,146 134,146 Manufacturing 467,390 26,335 493,725 348,685 1,304 349,989 Commerce 282,412 10,484 292,896 224,265 2,536 226,800 Tpt/Stor/Comms 259,054 14,281 273,335 417,120 3,943 421,063 Finance 47,922 47,922 368,770 368,770 Construction 137,807 22,809 160,616 32,498
      119 words
Page thumbnail Page 24
Page thumbnail Page 25
Page thumbnail Page 26
Page thumbnail Page 27
  • MARKETS
    • Article, Illustration
      Lock icon STOCK MAPKETS
      83 27 YTD change: -2.69% 52-week high: 2,947.08 on Jan 11,2010 52-week low: 1,455.47 on March 10,2009 YTD change: -5.24% 52-week high: 23,099.50 on Nov 18,2009 52-week low: 11,344.50 on March 9,2009 YTD change: -4.53% 52-week high: 3,478.01 on Aug 4, 2009 52-week low: 1,980.44 on Jan 22,2009 YTD change:
      83 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      365 27 In local curr In S$ In US$ dy yr dy yr dy yr Jan 21 Index Change Change Change Change Change Change World Index Preliminary 834.3 -1.1 23.1 -1.0 23.8 -1.3 27.1 ‡EAFE Preliminary 784.9 -0.8 20.9 -0.8 24.1 -1.1 27.4 Europe Preliminary 1108.1 -1.4
      365 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Jan 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2718 1.2743 0.9082 0.9087 Canadian dollar 1.3359 1.3385 0.9540 0.9545 Euro 1.9806 1.9838 1.4144 1.4147 NZ dollar 1.0035 1.0056 0.7166 0.7171 Sterling pound 2.2755 2.2792 1.6250 1.6253
      154 words
    • Article
      Lock icon LIFFE
      77 27 Jan 21 COCOA (£/tonne) Close Prev High/Low Mar 10 2327 2303 2350/2312 May 10 2331 2312 2356/2320 Jul 10 2313 2289 2332/2305 Sep 10 2286 2257 2300/2269 COFFEE (US$/tonne) Close Pev High/Low Jan 10 1292 1305 1304/1295 Mar 10 1327 1345 1345/1324 May 10 1360 1377 1380/1358 SUGAR (US
      77 words
    • Article
      Lock icon PALM OIL
      64 27 Jan 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 10 2454 2449 2483 2450 415 2944 Mar 10 2463 2456 2481 2447 2127 ***** Apr 10 2466 2455 2483 2447 9668 ***** May 10 2470 2452
      64 words
    • Article
      Lock icon CHICAGO BOT
      105 27 Jan 21 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Mar 10 954.00 950.00 959.50 948.50 May 10 961.00 956.75 966.00 955.25 Jul 10 966.00 961.00 970.50 960.00 Aug 10 960.00 955.50 962.50 955.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Mar 10 37.00 36.57 37.24
      105 words
    • Article
      Lock icon OIL
      75 27 Jan 21 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 75.22 -0.88 WTI (Near Mth) 75.64 -1.37 Dubai (1-Mth F) 75.93 -0.40 Tapis blend 79.10 -0.45 Minas 78.45 -0.50 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 79.00 -0.40 Jet Kerosene 84.85 -0.20 US$/barrel Opec Oil Basket Price
      75 words
    • Article
      Lock icon LONDON METALS
      71 27 Jan 21 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2208.75 2235.75 3 months 2239.00 2267.00 Copper, Grade A (US$/tonne) Cash 7250.75 7349.50 3 months 7275.00 7375.00 Lead (US$/tonne) Cash 2237.25 2271.50 3 months 2260.00 2295.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • Article
      Lock icon METALS
      66 27 Jan 22 GOLD (US$/oz) Jan 22 Jan 21 Hong Kong 1095.*****1.50 Jan 20 Jan 21 London 1108.*****0.45 1109.*****1.25 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 24.57 24.34 Source: UOB PLATINUM Lon (US$/oz) Jan 21 Close Previous PM Fix 1612.*****7.00 AM Fix 1603.*****9.00 Source: Thomson Reuters PLATINUM NYMEX
      66 words
Page thumbnail Page 28 / 29
  • PERSPECTIVE
    • Article, Illustration
      Lock icon Grey and gold
      919 28 / 29  -  It is a common misconception that in pre-modern times, few lived into old age. In fact, those who survived childhood usually stood a fair chance of growing old. By John Gee By John Gee btnews@sph.com.sg AN ageing population is often said to be a problem faced by
      919 words
    • Article
      Lock icon The battle for talent
      998 28 / 29  -  Companies must learn to delicately balance the scales of cost management and employee engagement in this competitive economy By Samir Bedi The writer is solution leader for performance consulting, Hewitt South-East Asia IT has been a tough year; no one knows what’s coming up next. The
      998 words
Page thumbnail Page 30 / 31
  • Wealth
    • Article, Illustration
      Lock icon Junk bonds still a good bet
      1457 30 / 31 Despite concerns that the high-yield market bubble will burst this year, major bond investors say junk debt will outperform other types of fixed-income securities Bloomberg New York THE world’s biggest bond investors are dismissing concerns that the high-yield market is a bubble poised to
      Bloomberg; STOCK.XCHNG  -  1,457 words
    • Article
      Lock icon BROKERS' TAKE
      781 30 / 31  -  Compiled by Jamie Lee Disclaimer: All analyses, recommendations and other information herein are published for general information. Readers should not rely solely on the information published and should seek independent financial advice prior to making any investment decision. The publisher accepts no liability for any loss whatsoever arising
      781 words
    • Article, Illustration
      Lock icon Invest wisely to help the needy
      1028 32  -  We can make a difference to those we can help and their lives will feel the impact of that gesture in a very practical way wealth insights Albert Lam Investment Director, IPP Financial Advisers THE beginning of the year always brings hope and an
      REUTERS  -  1,028 words
    • Article, Illustration
      Lock icon Taiwan, Thailand, China make good bets
      1235 33  -  In the last 10 years, bourses in developing countries with big domestic markets fared the best show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent NOW that we’ve just started on a new decade, it is timely to review just how the various
      Photo: AFP  -  1,235 words
    • Article
      Lock icon Househunt PROPERTY TRANSACTIONS FOR SELECTED DETECTS WITH CONTRACT DATES BETWEEN DEC 30 AND JAN 5, 2010
      910 34 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 9 NON-LANDED Aspen Ht Apt 30/12/2009 999 1324 1668 1260 Robertson Blue Apt 31/12/2009 FH 1238 2020
      910 words
    • Article, Illustration
      Lock icon Median COV for resale flats doubles in Q4
      704 35  -  Resale prices hit record, with the HDB resale price index rising to 150.8 points, up 3.9% from the previous quarter By Emilyn Yap emilyny@sph.com.sg Singapore CASH is king, and this adage rang particularly true in the public housing market in Q4 2009,
      FILE PHOTO  -  704 words
    • Article
      Lock icon S’pore drops to 43rd in office costs rankings
      314 35  -  By Emilyn Yap emilyny@sph.com.sg Singapore SINGAPORE has dropped to 43rd place from 10th in DTZ’s latest ranking of office occupancy costs around the world, and is a cheaper place for businesses compared with other Asia-Pacific cities such as Tokyo and Hong Kong.
      314 words
Page thumbnail Page 32
Page thumbnail Page 33
Page thumbnail Page 34
  • Page 34 Advertisements
    • Advertisement
      Lock icon Page 34 Advertisements Column 1
      66 34 bS 3BB impre Featuring the Quality Homes Collection A highly valued property in East Coast your ultimate location... For enquiries on St Patrick Residences, please call Ruby Ong 9222 0208, lrvin Kok 9388 4236. For general enquiries, kindly call 6836 3338 Savills has more than 200 offices and associates worldwide
      66 words
Page thumbnail Page 35
Page thumbnail Page 36
  • Page 36 Advertisements
    • Advertisement
      Lock icon Page 36 Advertisements Column 1
      26 36 Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868E. A member of Audit Bureau of Circulations Singapore. Customer Service (Circulation): 6388-3838, circs@sph.com.sg, Fax
      26 words
Page thumbnail Page 1
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      59 1 LivingBTTHEBUSINESSTIMESWEEKEND|JANUARY23-*****0BTTHE BUSINESS TIMES WEEKEND JANUARY 23-24 2010 PRIVATE ISLE Two island owners talk about developing their vacation properties to welcome visitors other than themselves PULAU PANGKIL KECIL, RIAU ISLANDS CEOS' HAWKER GUIDE The laksa list L6-7 HEALTH Strike a cord L15 BEAUTY Makeup call L12-13 MOTORING Walk the line L20
      59 words
Page thumbnail Page 2 / 3
  • BT Living
    • TRAVEL
      • Article, Illustration
        Lock icon PRIVATE ISLE
        1533 2 / 3  -  As private island vacations become the next stop on more jetsetters’ itineraries, two owners talk about developing their own special holiday isles to welcome visitors other than themselves. By Amanda de Guzman amandadg@sph.com.sg Pulau Pangkil Kecil and Suka Indonesia IT could well be the ultimate pursuit of the
        1,533 words
      • Article
        Lock icon OTHER PRIVATE ISLANDS IN THE REGION
        298 4 / 5 The Rania Experience, Maldives This large, lavish island is a 30-minute seaplane ride from Male International Airport. The ultimate in exclusive island rental, The Rania Experience can only be booked by one private group at a time. Included in the package is Rania a
        298 words
      • Article
        Lock icon wine & dine
        1018 4 / 5 wine dine with BTWeekend Chatterbox Level 5, Meritus Mandarin Singapore 333 Orchard Road ?6831-6288 Home to the signature Mandarin Chicken Rice, Chatterbox is an iconic coffee house renowned for its Asian local delights and Western favourites. Most recently, Chatterbox opened its new premises on Level 5 of the hotel with
        1,018 words
    • CEOS' HAWKER GUIDE
      • Article, Illustration
        Lock icon rich pickings
        1609 6 / 7  -  bowl of good A bowl of good old-fashioned laksa beckons at these longtime hawkers. By Geoffrey Eu btnews@sph.com.sg THE problem with popular hawker food stalls is that they sometimes move from one location to another without leaving a forwarding address for their loyal customers to follow up on.
        ROXY LAKSA PHOTOS BY ARTHUR LEE ALL OTHER PHOTOS BY YEN MENG JIIN  -  1,609 words
      • Article, Illustration
        Lock icon For the love of laksa
        616 6 / 7  -  Eva Au Managing director IDC Asia/Pacific By Audrey Phoon aphoon@sph.com.sg SUCH is Eva Au’s affinity for laksa that the managing director of IDC Asia/Pacific has different haunts for the various styles of the dish. “I go to several laksa places, dependingon how Ifeel,”saystheSingapore permanent resident,
        YEN MENG JIIN  -  616 words
    • FOOD
      • Article, Illustration
        Lock icon Epicurean delights
        1892 8 / 9  -  Nix supermarket shopping these gourmet food stores, which import the majority of their artisanal goods directly from overseas, offer hand-picked quality groceries that you’re not likely to find anywhere else in Singapore. By Audrey Phoon By Audrey Phoon aphoon@sph.com.sg Saveurs de France #01-31/32 Icon Village 12 Gopeng Street
        PHOTOS: ARTHUR LEE  -  1,892 words
    • BEAUTY
      • Article, Illustration
        Lock icon MAKEUP CALL
        1179 12 / 13  -  Cosmetics that incorporate extra ingredients to provide skincare benefits are now a growing trend in the industry. By Melissa Lwee mellwee@sph.com.sg IT USED to be that makeup was purely an aesthetic solution and often, even bad for your skin. For women, who have previously eschewed makeup for precisely
        1,179 words
      • Article, Illustration
        Lock icon FAVE PROFILE
        760 12 / 13 WITH so many cosmetic products in the market claiming to provide skincare properties, it can be quite a chore separating the wheat from the chaff. Here are some of our favourites. mellwee@sph.com.sg Face As the skin’s first line of defence against the harmful effects of the environment, it
        760 words
    • GADGETS
      • Article, Illustration
        Lock icon STAY IN TOUCH
        1003 14  -  Motorola and INQ offer unique alternatives to the competition. By Christopher Lim limchris@sph.com.sg WHAT happens when even Apple’s iPhone isn’t as integrated with your socially networked life as deeply as you’d like? That’s where Motorola and INQ step in. Motorola started selling its DEXT mobile phone ($0
        1,003 words
    • HEALTH
      • Article, Illustration
        Lock icon Striking a cord
        838 15  -  A local doctor is giving hope to cerebral palsy patients with his cord blood treatments. By Audrey Ho btnews@sph.com.sg THE use of cord blood continues to widen, with a Singapore doctor conducting a clinical trial on the use of autologous (one’s own) cord blood transfusions to treat
        838 words
    • SPORT
      • Article, Illustration
        Lock icon Hardcore commentators
        755 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Acting Deputy Foreign Editor IN the eyes of former Indian tennis great Vijay Amritraj, the single greatest miracle in all sport is the success story of the Williams sisters, Venus and Serena. Bigger than Usain Bolt breaking all those world records in
        NEO XIAOBIN/MY PAPER  -  755 words
      • Article, Illustration
        Lock icon Swansong from Arsenal’s main man?
        759 16  -  kick off with john dykes John Dykes FOR a football club stocked with a seemingly endless supply of exquisitely-talen-ted young players, Arsenal has become surprisingly reliant on a single footballer. Spanish midfielder Cesc Fabregas has become so influential for the Gunners this season that some
        759 words
    • GOLF
      • Article, Illustration
        Lock icon Onto new turf
        1096 17  -  LPGA commissioner Michael Whan exhorts diversifying the tournament’s footprint beyond the US.By Justin Moss diversifying US.By Justin Moss btnews@sph.com.sg IT HASN’T been an easy 12 months for the US-based Ladies Professional Golf Association (LPGA). The Tour has had to endure a tough ride over the past year,
        SCOTT HALLERAN/GETTY IMAGES  -  1,096 words
    • MOTORING
      • Article, Illustration
        Lock icon To each their own
        607 18  -  It is the endless customisation possibilities that make the Volvo C30 such an attractive option. By Samuel Ee samuelee@sph.com.sg THE unusual rear-end treatment of the Volvo C30 has always made it the unconventional choice for a hot hatch but new colour combinations available for its mid-life
        607 words
      • Article, Illustration
        Lock icon Fun 4 everyone
        674 19  -  The Citroën C4 may not be as fun to drive as the upcoming C3 supermini but it handles predictably and confidently. By Samuel Ee By Samuel Ee samuelee@sph.com.sg WHILE the VW Golf GTI and the Volvo C30 T5 are parked in a similar price range, the turbocharged
        674 words
      • Article, Illustration
        Lock icon WALK THE LINE
        673 20  -  The Maserati GranTurismo S MC Sport Line handles better without compromising comfort. By Samuel Ee samuelee@sph .com.sg THE Maserati GranTurismo S may be a long name, but it just got longer. The Maserati GranTurismo S MC Sport Line is a largely cosmetically enhanced version of the sensuously
        673 words
Page thumbnail Page 4 / 5
Page thumbnail Page 6 / 7
  • Page 6 / 7 Advertisements
    • Advertisement
      Lock icon Page 6 / 7 Advertisements Column 1
      36 6 / 7 ENERGISING ASSETS, GROWING VALUE The trusted name in real estate for 70 years. Knight Frank's full suite of Real Estate Services: Investment Sales Residential Retail Office Industrial Auction Valuation Consultancy Research Property Management Shopping Centre Management
      36 words
Page thumbnail Page 8 / 9
Page thumbnail Page 10 / 11
  • Page 10 / 11 Advertisements
    • Advertisement
      Lock icon Page 10 / 11 Advertisements Column 1
      1789 10 / 11 Advertising Feature CELEBRATING 50 YEARS OF HERITAGE A UNIQUE SCIENTIFIC MISSION LED MAN TO THE DEEPEST TRENCH IN THE OCEAN AND A RECORD STILL UNMATCHED TODAY A PIONEERING VOYAGE TO THE DEEP In January, 1960, Rolex accompanied the bathyscaphe Trieste on the historic U.S. Navy dive to the Mariana Trench,
      1,789 words
Page thumbnail Page 12 / 13
Page thumbnail Page 14
Page thumbnail Page 15
Page thumbnail Page 16
Page thumbnail Page 17
Page thumbnail Page 18
Page thumbnail Page 19
Page thumbnail Page 20