The Business Times, 15 January 2011
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2011-01-15
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The Business Times
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Title Section19 2011-01-15 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg JANUARY 15 16, 2011 2011 S$1.00 MICA(P) 139/08/2010 S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION19 words
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Article29 2011-01-15 1 tighter leash THE Monetary Authority of Singapore is imposing the same lower loan limits on mortgage equity financing as the latest anti-property speculation measures. 229 words
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35 2011-01-15 1 early fallout HARDEST hit by the latest government curbs are those with higher exposure to the residential property market, falling by as much as 5.7 per cent. 435 words
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Article29 2011-01-15 1 steely resolve IN naming former minister Kaoru Yosano as economy and fiscal policy minister, Naoto Kan signals how serious he is about tax reforms. 629 words
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Article38 2011-01-15 1 education dues STUDENTS of universities, polytechnics and the Institute of Technical Education will pay more for tuition in the coming academic year; with a bigger difference being made between Singaporeans and foreigners. 1738 words
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908 2011-01-15 1 Uma Shankari - The latest property curbs are tough, but two groups might find themselves in a sweet spot By Uma Shankari shankari@sph.com.sg Singapore THE latest round of measures to cool Singapore’s property market, introduced on Thursday, have to be viewed together with all the government908 words
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625 2011-01-15 1 Malminderjit Singh - Indian investment corridor beckons US$90b of it By Malminderjit Singh msingh@sph.com.sg Singapore INDIA’S appetite for investments will be huge this decade. But for Singapore companies with a nose for regional projects, there might be a more immediate prize: the Delhi-Mumbai Industrial Corridor. In infrastructure development alone, India will need investments625 words
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Page 1 Advertisements
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Advertisement17 2011-01-15 1 the business www.businesstimes.com.sg the raffles conversation GREGORY PAGE, CHAIRMAN AND CEO OF CARGILL 8-9 LIVING Beergoes upmarket17 words
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TOP STORIES
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531 2011-01-15 2 Siow Li Sen - Such loans to face the same loan-to-value limits as the latest property measures By Siow Li Sen lisen@sph.com.sg Singapore THE Monetary Authority of Singapore (MAS) has stepped in to close a loophole on mortgage equity financing (MEF), by imposing the same lower531 words
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720 2011-01-15 2 Grace Leong - By Grace Leong gleong@sph.com.sg Singapore STONY-FACED as he awaited his fate yesterday in the Subordinate Courts, Ho Yen Teck, convicted on 21 counts of conspiring to cheat the Singapore Land Authority (SLA), listened with his head bowed as his sentence720 words
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Article140 2011-01-15 2 H STI 3,245.96 (-9.91) H STI FUTURES 3,246 (-10) H SIMSCI 383.39 (-2.29) H SIMSCI FUTURES 383.50 (-2.20) STOCKS Friday Change KL COMP 1,569.89 -1.67 NIKKEI 225 10,499.04 -90.72 HANG SENG 24,283.23 +44.25 SET 1,032.26 -2.82 JAKARTA 3,569.14 +4.21 MANILA 4,132.04 +61.93 KOSPI 2,108.17 +18.69 SHENZHEN B 818.26 -6.71140 words
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1011 2011-01-15 4 Felda Chay - Hardest hit are those with higher exposure to the residential property market, falling by as much as 5.7% By Felda Chay feldac@sph.com.sg Singapore THE latest round of residential property cooling measures delivered a blow to the sector’s listed plays, with some falling by almost1,011 words
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341 2011-01-15 4 Uma Shankari - By Uma Shankari shankari@sph.com.sg Singapore CAPITALAND chief executive Liew Mun Leong expects private home prices and sales volume to fall following the latest round of government measures to cool the property market. But he said he is “not too unhappy” with341 words
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Article, Illustration791 2011-01-15 6 Anthony Rowley - It is also seen as a political move to cement his hold on power By Anthony Rowley btworld@sph.com.sg Tokyo JAPANESE Prime Minister Naoto Kan yesterday announced a cabinet reshuffle designed to tackle the “national crisis” in social securityand the country’s finances. In naming791 words
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Article, Illustration530 2011-01-15 7 S Jayasankaran - Developing squalid settlement on prime land hampered by ‘reserve’ status By S Jayasankaran btworld@sph.com.sg Kuala Lumpur PRIME Minister Najib Razak is expected to make several announcements regarding the development of Kampung Baru, an urban settlement in downtown Kuala Lumpur, on Feb530 words
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515 2011-01-15 7 Pauline Ng - By Pauline Ng btworld@sph.com.sg Kuala Lumpur THE Kuala Lumpur mass rail transit (MRT) system is expected to be a structural catalyst for the rise in value of the surrounding real estate. A stockbroking firm is even projecting515 words
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Page 2 Advertisements
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Advertisement61 2011-01-15 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Week In Review 10 Companies 11-13 From The Desk Of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-32 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Trends L2-3 Dining L4-5 Health/Shopping L6-8 Gadgets L9 IndiaSupplement61 words
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Page 3 Advertisements
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Advertisement111 2011-01-15 3 Singapore Post Centre PIE to Changi Airport Kembangan Eunos Paya Lebar Sims Ave Changi Road Tanjong Katong Sec Sch Haig Girls’ Sch Rd Katong Tanjong Katong Girls’ Sch Tanjong Sims Ave East Amber Rd Rd Haig Chinese Swimming Club Parkway East Hospital Lor N Telok Kurau Still Rd East Coast111 words
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Page 5 Advertisements
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Advertisement10 2011-01-15 5 THE ETERNAL COLLECTION jHi 1*4 M il'i 6*" -5^1 L10 words
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Page 7 Advertisements
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Advertisement88 2011-01-15 7 COMPLIMENTARY ROUND OF GOLF AT SWISS-GARDEN GOLF RESORT SPA DAMAI LAUT COMPLIMENTARY NON MOTORIZED ACTIVITIES COMPLIMENTARY TELEMATCHES FOR MEETING PACKAGES FROM SUNDAYS TO THURSDAYS i J s I FROM s$ 86 PER ROOM PER NIGHT Join us on Facebook WE MAKE YOUR MEETINGS, TEAM BUILDINGS, AND WEDDINGS, OUTSTANDING. TO PLAN88 words
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RAFFLES CONVERSATION
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Article, Illustration2301 2011-01-15 8/9 Conrad Tan - Gregory Page shares his views on the cost of feeding the global population. By Conrad Tan population.By Conrad Tan conradt@sph.com.sg CARGILL chief executive Gregory Page first came to Singapore to work in 1985. He remembers the time well; his wife had just given birth to their secondYEN MENG JIIN - 2,301 words
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WEEK IN REVIEW/WEEK AHEAD
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THIS WEEK Jan 10-14, 2011
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56 2011-01-15 10 RENTS at suburban malls are expected to grow at a slower pace over the next few years as major new supply comes onstream. In fact, around one million square feet of new suburban retail space was added in 2010 and another 800,000-plus sq56 words
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44 2011-01-15 10 SINGAPORE’S flagship project in China, Suzhou Industrial Park, isn’t coming home for a listing after all. The company that manages the project, China-Singapore Suzhou Industrial Park Development Group Co Ltd, will be listing in the Shanghai A-share market.44 words
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65 2011-01-15 10 THE COE quota for the next six months will be cut by an unexpectedly small 3 per cent, thanks to a government concession regarding the overprojection of COEs in earlier years. From February to July 2011, a total of 22,368 certificates of entitlement65 words
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54 2011-01-15 10 THE Singapore dollar hit a year-high against the euro on Monday as markets grew increasingly anxious over the ability of some European nations to raise funds this week. Worries about upcoming bond sales by Portugal, Spain and Italy sank the euro to S$1.68 as54 words
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44 2011-01-15 10 SWIFT moves by steel makers to raise prices following the massive floods that raged across Australia have hit the construction industry here. Contractors said that prices have gone up by 10-15 per cent over the past few weeks.44 words
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38 2011-01-15 10 MALAYSIAN Prime Minister Najib Razak announced oil and gas projects worth RM20 billion (S$8.4 billion) on Tuesday, with Malaysia even looking to build its own version of Singapore’s Jurong Island.38 words
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59 2011-01-15 10 NEITHER has marked its first full year of business yet, but the two integrated resorts are proving to be a healthy source of income for government coffers. Marina Bay Sands and Resorts World Sentosa have generated $420 million in net revenue59 words
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57 2011-01-15 10 IF 2010 was the year of corporate and emerging market bonds, then 2011 is gearing up to be the year of equities. “The upside has become more limited for corporate and emerging market bonds, as coupons will not rise in the event57 words
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42 2011-01-15 10 EUROPEAN markets were relieved when Portugal managed to raise 1.25 billion euros (S$2.1 billion) in a bond auction, though anxiety remains that the debt-laden nation and its larger neighbour Spain would soon need a bailout.42 words
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Article, Illustration30 2011-01-15 10 THE seller’s stamp duty for private homes will rise to 16%, from up to 3% previously, while tighter mortgage restrictions will be put in place FILE PHOTOFILE PHOTO - 30 words
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56 2011-01-15 10 STARTING today, speculators in the Singapore property market will find their ardour cooled by a severe new regime. The seller’s stamp duty for private homes will rise to as high as 16 per cent, from up to 3 per cent previously, while tighter mortgage56 words
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58 2011-01-15 10 IT looks like the Hangzhou-Singa- pore Eco-Park (HSEP) project is set for more road bumps ahead. Corporate bigwig Han Cheng Fong is suing directors of Cleantech Partners Pte Ltd (CTP) for removing him as chairman and director of CTP’s Hangzhou subsidiary, which58 words
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58 2011-01-15 10 BANKERS are bracing for a slowdown in home loans as buyers take stock of the government’s latest property measures to dent the buoyant market. The latest restrictions are considered fairly drastic as they call for cash of as much as 50 per58 words
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Article74 2011-01-15 10 US DATA Jan 18 Housing market index Jan 19 Dec housing stats Jan 20 Existing home sales Philadelphia Fed survey SINGAPORE DATA Jan 17 December merchandise trade EVENTS Jan 17 Eurogroup meeting in Brussels Jan 18 EU Economic Financial Affairs Council meeting in Brussels Jan74 words
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Page 10 Miscellaneous
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Miscellaneous332 2011-01-15 10 CRYPTIC CROSSWORD Across 1 Nobody’s late so there’s no need to hurry (3,2,4,4) 10 Pardoned and released (7) 11 He may be prepared to sell his land (7) 12 Is paid, we hear, pots (4) 13 He wrote of French rival (5) 14 Turn pale guilty perhaps? (4) 17 Having332 words
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Miscellaneous18 2011-01-15 10 SATURDAY with Ludwig and here up by five years is the age that you’ll be able to retire...’18 words
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COMPANIES
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478 2011-01-15 11 Teh Shi Ning - Drop of 29% mainly due to absence of previous profit from Sky@eleven project By Teh Shi Ning tshining@sph.com.sg Singapore SINGAPORE Press Holdings (SPH) yesterday reported a first-quarter net profit of $102.3 million, a 29 per cent decline mainly because performance in the year-ago478 words
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287 2011-01-15 11 Lynette Khoo - By Lynette Khoo lynkhoo@sph.com.sg Singapore CHINA Gaoxian Fibre Fabric’s pricing of its Korean Depository Receipts (KDRs) failed to lift the Singapore stock yesterday, with the share price falling by as much as 10 per cent. At the closing, the shares recovered some lost287 words
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458 2011-01-15 11 Lynn Kan - By Lynn Kan lynnkan@sph.com.sg Singapore DIESEL engine distributor XMH Holdings is seeking to raise $18.85 million after expenses from its mainboard IPO, the first one registered with the Monetary Authority of Singapore this year. XMH’sofferingcomprisesof100.95million invitation shares priced at 25 cents per share,458 words
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Article, Illustration552 2011-01-15 12 R Sivanithy - stocks| R Sivanithy sivan@sph.com.sg Senior correspondent IF THE first week of 2011 was memorable for the bulls, the second week has been much less so. The upward momentum that built up in the final days of 2010 and spilled over into the first552 words
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Article, Illustration428 2011-01-15 12 Winston Chai - By Winston Chai winstonc@sph.com.sg Singapore SINGAPORE Telecommunications has been handed a $130,000 fine by the government for breaching the Republic’s Telecom Competition Code, its second brush with local authorities in the last six months. The latest penalties were meted out by the Infocomm Development Authority428 words
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Article110 2011-01-15 12 VOL CLOSE GoldenAgri 118,710 77 -1.0 -1.3 UniFiber 57,388 6 -0.5 -7.7 CapitaLand 55,142 371 -13.0 -3.4 GentingSP 55,067 220 1.0 0.5 ChinaGaoxian 46,844 42 -2.5 -5.6 BanJooW*****2 42,254 2 0.0 0.0 STXOSV 34,046 129 6.0 4.9 SinoGrandnes 34,005 54.5 5.0 10.1 TopGlobalW*****9 33,884 1 0.0 0.0110 words
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Article107 2011-01-15 12 Stock name Close Change CapMallsAsia 1.920 CapitaLand 3.710 -0.130 CapitaMall 1.880 -0.030 CityDev 12.160 -0.580 ComfortDelGro 1.640 +0.010 DBS Grp 14.700 -0.120 F&N 6.440 -0.060 Genting SP 2.200 +0.010 Golden Agri 0.770 -0.010 HK Land 7.390 +0.070 JMH 46.400 +1.300 JSH 28.460 +0.660 Jardine C&C 35.600 -0.420 Keppel107 words
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Article61 2011-01-15 12 BY CENTS CLOSE UP JMH 4640 167.3 2.9 DBXT DBLCI-OY 5US$ 4006 110.7 2.2 DBXT FTVietnam 10US$ 3713 96.5 2.1 JSH 2846 84.9 2.4 Lyxor Europe 10 US$ 1307 57.9 3.6 Asia Pac Brew 1990 22.0 1.1 DBXT MSTHAI 10US$ 1596 21.9 1.1 OCBC Bk.ES.1101 1018 21.0 2.161 words
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Article58 2011-01-15 12 BY CENTS CLOSEDOWN DBXT DBCBLEB 10US$ 2212 -180.2 -6.0 GLD 10US$ ***** -163.4 -0.9 DBXT Nifty 10US$ ***** -96.5 -0.6 CITYDEV.ES.1101 1218 -58.0 -4.5 CityDev 1216 -58.0 -4.6 Lyxor India Nifty 10 1628 -43.0 -2.6 Jardine C&C 3560 -42.0 -1.2 DairyFarm 917 -34.7 -2.9 DBXT FTChina25 10US$ 324658 words
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457 2011-01-15 13 Nisha Ramchandani - US$250K sale to Marvel Day will allow it to focus on fashion retail By Nisha Ramchandani nishar@sph.com.sg Singapore MAINBOARD-listed The Style Merchants formerly known as NeteLusion Ltd is divesting its gaming business to Marvel Day Enterprises for US$250,000, which will enable The Style457 words
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Business briefing
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Article46 2011-01-15 13 JETS Technics International reported improved net profit for the first six months ended Nov 30, 2010. Net profit rose to HK$2.23 million (S$369,070) from HK$849,000 a year ago. Turnover improved by 8 per cent from a year ago to HK$42.27 million.46 words
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Article68 2011-01-15 13 INTERNATIONAL Press Softcom warned that it expects to record a loss position for the second half of its fiscal year ended Dec 31. It attributed this to the low turnover from the group’s Singapore operations, impairment made for the closure of the Rudrapur operations68 words
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Article45 2011-01-15 13 JAPAN Land reported a net profit of $552,000 for the second quarter ended Nov 30, 2010 compared to a loss of $7.12 million a year ago. It cautioned it will not be profitable for the full year ending May 31.45 words
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Page 11 Advertisements
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Advertisement34 2011-01-15 11 h'h'] GROUP 1 PRIZE 7 i rr, CO f\ Q$P> ■i THIS MONDAY f X8 Do not bet illegally. RCB Reg No: *****0202G For details, visit www.singaporepools.com.sg Towards Community Purpose and Benefit SINGAPORE m34 words
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Page 13 Advertisements
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Advertisement136 2011-01-15 13 SATS congratulates Hong Kong Airlines on its inaugural flight to Singapore from 15 January 2011 As Hong Kong Airlines' first-choice ground handling partner at Singapore Changi Airport, SATS Ltd. is committed to deliver exceptional service with care, warmth and professionalism, so as to delight users and exceed customers' expectations. We136 words
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Article979 2011-01-15 14/15 SPH REPORTS FIRST QUARTER NET PROFIT OF $102 MILLION The Newspaper and Magazine segment turned in a creditable performance with revenue at $265.5 million, an increase of $22.3 million (9.2%) against the first quarter last year. Print advertisement revenue grew by $23.9 million (13.1%) to $206.3979 words
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Page 14/15 Advertisements
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Advertisement22 2011-01-15 14/15 SINGAPORE PRESS HOLDINGS LIMITED Unaudited Results for the First Quarter ended November 30, 2010 (Extract) Incorporated in Singapore. Co. Reg. No. *****2868E22 words
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FROM THE DESK OF
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Article, Illustration911 2011-01-15 16 Dan McConaghy - Post global financial crisis, the rise of Asia-Pacific as a growth engine brings new risks, which businesses and policymakers will need to understand and manage from the desk of Dan McConaghy Vice-President and Managing Director FICO, Asia-Pacific PICKupaUSnewspa-per any day of the week, and one comes911 words
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SINGAPORE
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Article, Illustration542 2011-01-15 17 Maxie Aw Yeong - Greater differentiation between S’poreans and foreigners; citizen undergrads at NTU, NUS, SMU to pay 3-6% more By Maxie Aw Yeong maxieay@sph.com.sg TERTIARY students will see a hike in tuition fees in the coming academic year, with a greater differentiation being made between SingaporeansFILE PHOTO - 542 words
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229 2011-01-15 17 JOB seekers in Singapore and the region prefer to work for Western companies, according to a survey on job seekers’ preferences. American companies topped the league table with 78 per cent of respondents putting it as their preferred choice, followed by British companies229 words
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Article, Illustration357 2011-01-15 18 Nisha Ramchandani - Plunge in motor vehicle sales the main reason for decline By Nisha Ramchandani nishar@sph.com.sg DRAGGED down by the slump in sales of motor vehicles, retail sales fell 2.4 per cent year-on-year in November 2010 but was up slightly by 0.6 per cent (seasonally adjusted)357 words
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Briefing
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Article71 2011-01-15 18 TOM McCabe has assumed chairmanship of AXS Pte Ltd a subsidiary of DBS Bank as of December 2010. Mr McCabe, who has over 25 years of experience in the financial services industry, replaced Rajan Raju, who stepped down in September last year. AsDBS’managingdirectorandheadofglobaltransaction services, Mr71 words
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67 2011-01-15 18 THE Bosch Group has appointed Martin Hayes as president and managing director of Robert Bosch (South East Asia) from Jan 1, 2011. Mr Hayes, who will be based in Singapore, will concurrently be the managing director of Bosch both in Singapore and Malaysia.67 words
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78 2011-01-15 18 SHATEC Institutes and Swiss Education Group (SEG) sealed a partnership yesterday that will smoothen the transition from a Diploma to a SEG Bachelor’s Degree for Shatec Institutes graduates. Under this agreement, graduates from Diploma in Hotel Management and Diploma in Tourism Management will enrol78 words
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78 2011-01-15 18 KWAN Im Thong Hood Cho Temple’s first-ever Community Fund has given an initial donation of $1.08 million disbursed over three years to Community Chest, the fund-raising arm of the National Council of Social Service. Community Chest will also be holding two roadshows to78 words
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Page 17 Advertisements
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Advertisement148 2011-01-15 17 SINGAPORE MEDICAL SPECIALISTS CENTRE s4 Jlittie 1p>u i Healthcare Choice One "Day One Stofo One Centre > t r* 3/ Expertise in Early Detection and Preventive Approach Singapore Medical Specialists Centre is a premier one-stop multidisciplinary specialist centre with its focus and expertise in early detection and preventive approach to148 words
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Page 18 Advertisements
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Advertisement554 2011-01-15 18 A reminder to all Shareholders of ASA Group Holdings Ltd. (ASA) Delisting Exit Offer for ASA ?????Exit Offer Closes on 19 Jan 2011????? All capitalised terms used and not defined herein shall have the same meanings given to them in the Exit Offer Letter dated 29 December 2010 to Shareholders554 words
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WORLD
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408 2011-01-15 19 Michelle Quah - Earnings of companies covered in Morgan Stanley Research’s Asean equity strategy report expected to grow 14.2% By Michelle Quah michquah@sph.com.sg Singapore MORGAN Stanley Research is predicting a return to growth for companies in the region this year, with its MSCI Asean408 words
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Article, Illustration442 2011-01-15 19 latest us data| Reuters AP Washington THE cost of living in the United States edged up on the back of costlier fuel, but outside of energy costs, there was little sign of widespread inflation. The Labor Department said yesterday theReuters; AP; AFP FILE PHOTO - 442 words
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417 2011-01-15 19 Bloomberg Tokyo EUROPE has yet to allay investor “scepticism” about the sustainability of the region’s debt, and any spread of the crisis would cloud the global economic outlook, the International Monetary Fund’s No 3 official said. “At least for now, it looksBloomberg - 417 words
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Article, Illustration530 2011-01-15 20 At least 27 people are dead and 53 missing after six weeks of floods Reuters, Bloomberg Sydney EVEN as Australia’s third-largest city Brisbane started cleaning up stinking mud and debris yesterday after some of the country’s worst floods on record, rising river levels areReuters,; Bloomberg; AFP - 530 words
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299 2011-01-15 20 NYT New York THE US Securities and Exchange Commission (SEC) is investigating whether American financial firms violated bribery laws in their dealings with sovereign wealth funds, people briefed on the matter said on Thursday. The SEC is looking into whether these companies, including banks andNYT - 299 words
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289 2011-01-15 20 Reuters Beijing CHINA’S central bank raised lenders’ required reserves yesterday for the fourth time in just over two months, stepping up the fight against inflation that it has vowed will be a top priority for the year. By forcing banks to lock upReuters - 289 words
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471 2011-01-15 21 Lawmaker highlights the high risk of default at low-level county governments Reuters Beijing BILLIONS of dollars of debt racked up by local Chinese governments during their investment sprees are likely to sour as the projects they finance near completion, Yin Zhongqing, aReuters - 471 words
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Article, Illustration325 2011-01-15 21 Bloomberg Beijing CHINA overtook the US last year as the world’s biggest economy when measured in terms of purchasing power, according to Arvind Subramanian, senior fellow at the Peterson Institute for International Economics in Washington. The size of China’s economy in 2010 wasBloomberg; AP - 325 words
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427 2011-01-15 21 Reuters New York SOME of the top bankers in the US flocked to a mid-town Manhattan law firm on Thursday to make a pitch for managing what could be one of the largest share sales in history aReuters - 427 words
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498 2011-01-15 22 This may fuel inflation in Asia, which relies on such commodities to produce steel and generate power Reuters Sydney SEVERE weather is raising the cost of raw materials, potentially fuelling inflation in the industrial heartlands of Asia, which relies on the commodities toReuters - 498 words
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Article, Illustration341 2011-01-15 22 Reuters Oldham BRITAIN’S opposition Labour party comfortably won a contest for an empty parliamentary seat yesterday, in a result that reflected the Liberal Democrats’ fall from favour since joining a Conservative-led government in May. Labour’s Debbie Abrahams won 14,718 votes in theReuters; AP - 341 words
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228 2011-01-15 22 Reuters Paris NICHOLAS Sarkozy has called for a new Bretton Woods system for managing the global economy but two months into France’s G-20 presidency, officials are playing down hopes of a major breakthrough on monetary reform. Mr Sarkozy made discussion of weaning theReuters - 228 words
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Advertisement20 2011-01-15 20 IT'S HERE! ..ill 3G 2:40 PM t-~ I LnHDinG... GET THE FREE 9I.3FM APP NOW! Available on the App Store20 words
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Page 22 Advertisements
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Advertisement7 2011-01-15 22 www.omy.sg > blog.om^sg/ellenaguan/ iffl I MM i I7 words
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SGX
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Article10897 2011-01-15 26 Transaction date: Jan 14 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 21 14.5 3148 8Telecom 19 -0.5 729 19.5 19 19 19.5 1.7 9.5 6.1 91 12 4.5 5834 A-Sonic10,897 words
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Article186 2011-01-15 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 6 7 0 0 0 4 6 7 Manufacturing 42 55 85 7 5 13 49 60 98 Commerce 11 25 27 4 6 4 15 31 31 Tpt/Stor/Comms 12 11 19186 words
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Article123 2011-01-15 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 51,741 51,741 115,299 115,299 Manufacturing 489,794 68,598 558,392 348,914 5,932 354,846 Commerce 85,622 25,839 111,461 128,328 3,285 131,612 Tpt/Stor/Comms 98,559 1,291 99,850 189,293 409 189,702 Finance 31,476 6 31,482 221,497 1 221,497 Construction 92,426 8,328123 words
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Article863 2011-01-15 26 For week beginning Jan 10 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) Ban Joo Co Ltd 13-Jan-11 Telemedia Pacific Grp Ltd Sell *****00 na *****00 37.99 0 0.00 Ban863 words
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MARKETS
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121 2011-01-15 27 currency Jan 14 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.325 1.25 Can dollar 1.324 1.274 Euro 1.749 1.682 Sterling pound 2.076 1.997 NZ dollar 1.021 0.973 US dollar 1.306 1.256 Local dollars to 100 units of foreign121 words
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Article, Illustration98 2011-01-15 27 YTD change:+1.75% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,648.15 on May 25,2010 Source: Bloomberg Bloomberg YTD change: +5.42% 52-week high: 24,988.50 on Nov 8, 2010 52-week low: 18,971.50 on May 27, 2010 Source: Bloomberg Source: Bloomberg YTD change: +1.33% 52-week high: 11,782.20 on Jan 12, 2011Source: Bloomberg - 98 words
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374 2011-01-15 27 In local curr In S$ In US$ dy yr dy yr dy yr Jan 13 Index Change Change Change Change Change Change World Index Preliminary 919.6 0.1 10.5 0.4 2.4 0.6 11.8 ‡EAFE Preliminary 824.5 0.3 5.1 1.2 -1.9 1.4 7.1 Europe Preliminary 1199.8 0.0374 words
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Article152 2011-01-15 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2833 1.2850 0.9973 0.9978 Canadian dollar 1.2972 1.2988 1.0081 1.0086 Euro 1.7235 1.7251 1.3394 1.3396 NZ dollar 0.9892 0.9906 0.7687 0.7692 Sterling pound 2.0400 2.0421 1.5853 1.5857 US dollar152 words
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Article82 2011-01-15 27 Jan 13 COCOA (£/tonne) Close Prev High/Low Mar 11 1964 1980 1973/1943 May 11 1967 1985 1977/1948 Jul 11 1980 1998 1990/1960 Sep 11 1986 2004 1990/1969 COFFEE (US$/tonne) Close Pev High/Low Jan 11 2135 2162 2159/2136 Mar 11 2137 2167 2171/2130 Jul 05 2157 2187 2191/2152 Jul 1182 words
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Article93 2011-01-15 27 Jan 13 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jan 11 1410.*****9.*****6.*****7.50 Mar 11 1416.*****5.*****2.*****3.00 May 11 1425.*****3.*****2.*****2.50 Jul 11 1429.*****7.*****5.*****6.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Jan 11 57.30 57.43 57.63 57.14 Mar 11 57.71 57.87 58.34 57.46 May 11 58.19 58.30 58.7593 words
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Article62 2011-01-15 27 Jan 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 11 1444 Feb 11 3710 3692 3735 3692 739 9361 Mar 11 3678 3680 3724 3669 ***** ***** Apr 11 3633 3639 3687 3629 4827 ***** Total62 words
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Article75 2011-01-15 27 Jan 13 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 97.81 -0.26 WTI (Near Mth) 91.31 -0.44 Dubai (1-Mth F) 93.64 0.31 Tapis blend 102.50 0.60 Minas 98.30 0.60 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 93.78 -0.94 Jet Kerosene 110.70 0.80 US$/barrel Opec Oil Basket Price75 words
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Article72 2011-01-15 27 Jan 13 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2465.25 2488.25 3 months 2484.00 2505.00 Copper, Grade A (US$/tonne) Cash 9622.00 9695.25 3 months 9615.00 9690.00 Lead (US$/tonne) Cash 2659.00 2682.00 3 months 2635.00 2661.00 Nickel (US$/tonne) Close Previous Cash *****.75 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)72 words
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Article66 2011-01-15 27 Jan 14 GOLD (US$/oz) Jan 13 Jan 14 Hong Kong 1384.*****3.00 Jan 12 Jan 13 London 1378.*****4.15 1379.*****4.90 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 37.37 37.15 Source: UOB PLATINUM Lon (US$/oz) Jan 13 Close Previous PM Fix 1798.*****3.00 AM Fix 1793.*****9.00 Source: Thomson Reuters PLATINUM NYMEX66 words
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PERSPECTIVE
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Article, Illustration1179 2011-01-15 28 / 29 Leon Hadar - The effort to protect the rights of the mentally ill has reached a point where an attempt to cure a problem ends up creating unintended costly consequences Leon Hadar Washington correspondent IN 2007, Georgia’s Valdosta State University (VSU) expelled a student for posting aAFP - 1,179 words
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Article, Illustration670 2011-01-15 28 / 29 Hugo Dixon - By Hugo Dixon INDIA is behind the curve on inflation. It’s not just that weekly food inflation has hit 18 per cent; the current account deficit is also uncomfortably high. The authorities need to get a grip, even if that means sacrificingREUTERS - 670 words
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Wealth
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WEALTH INVESTING
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Article, Illustration991 2011-01-15 30 / 31 Genevieve Cua - While the outlook for risk assets such as equities seems bright in 2011, there’s also a wide range of risks facing investors and borrowers. By Genevieve Cua gen@sph.com.sg THE outlook for risk assets such as equities seems bright in 2011, based on analysts’ reports. The consensusREUTERS - 991 words
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BROKERS’ TAKE
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Article359 2011-01-15 30 / 31 Hold OCBC Investment Research Jan 14 Close: $2.05 TRANSPORT Minister Raymond Lim shed more light on details of the Tuas West Extension on Wednesday. The new MRT line, which is 7.5 km long and consists of four above-ground stations, will extend the existing East-West Line from Joo Koon359 words
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Article209 2011-01-15 30 / 31 Joyce Hooi - Compiled by Joyce Hooi BUY DMG Research Jan 14 Close: $0.245 RENEWABLE Energy Asia Group (REAG) has secured another concession, to develop a 49.5 megawatt (MW) wind farm with its JV partner, China Datang Corporation Renewable Power Co (China Datang). The wind farm will be located209 words
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Article131 2011-01-15 30 / 31 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first, second, or third quarter131 words
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Article, Illustration1440 2011-01-15 32 Roy Varghese - In a changing investment environment, loss aversion should not be confused with risk aversion wealth insight Roy Varghese Foundation adviser, ipac Singapore IN TIMES like this, perhaps investors should consult a psychologist rather than an economist. Most investors are still operating in a world of extremeAFP - 1,440 words
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Article, Illustration1090 2011-01-15 33 Teh Hooi Ling - It’s currently at a point of unstable equilibrium, with enough volatilty to keep macro funds busy, he says show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder THE Singapore Management University BNP Paribas Hedge FundBLOOMBERG - 1,090 words
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WEALTH REAL ESTATE
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1092 2011-01-15 34 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 20/12/2010 99 980 2356 2404 Marina Bay Residences Apt 17/12/2010 991,092 words
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Article, Illustration452 2011-01-15 35 Previously reported price rises for October and November are revised to drops Bloomberg London HOUSE prices in the UK fell for a third month in December as a lack of mortgage finance prevented buyers from making a purchase, research company Acadametrics Ltd andBloomberg; BLOOMBERG - 452 words
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248 2011-01-15 35 Bloomberg Taipei HOME prices in Taipei will rise for an eighth consecutive year as a rebounding economy and overseas fund inflows outweigh government efforts to rein in values, Citigroup Inc said. The average home price will increase by 7 perBloomberg - 248 words
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468 2011-01-15 35 Bloomberg Dubai ALDAR Properties PJSC, Abu Dhabi’s biggest developer, has agreed to sell real estate assets, including a Ferrari theme park, and convertible bonds to the government for 19.2 billion dirhams (S$6.7 billion) to reduce its debt. TheBloomberg - 468 words
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Page 36 Advertisements
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Advertisement64 2011-01-15 36 s > y s *>*»+*„. AUDEMARS PIGUET Le maitre de I'horlogerie depuis 1875 5 1 L#g! a? ss m PlGU i F": id S S839 yi V 1 =5s r 3 m O SK o X <V S> ''III ''III N V x xvv A vv^^^ ISfc 7 'V *s64 words
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Advertisement49 2011-01-15 1 LivingTHEBUSINESSTIMESWEEKEND|JANUARY15-*****1BTTHE BUSINESS TIMES WEEKEND JANUARY 15-16 2011 SOMETHING'S BREWING Beer goes upmarket L2-3 PHOTO: LEVEL 33 DINING The real deal L4-5 HEALTH/SHOPPING Reboot and rev up L6-8 NO HOLDS BARRED Liverpool's plight L16 GADGETS The rest of the best L9 MOTORING Peerless Merc R-Class L20 WATCHES What women want49 words
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Living BT
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TRENDS
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Article, Illustration1210 2011-01-15 2 / 3 Christopher Lim - Pubs and microbreweries serving craft beer are popping up to quench drinkers’ thirst for the premium stuff.By stuff.By Christopher Lim limchris@sph.com.sg THE humble brew isn’t quite so humble any more. One needs only to glance at the $22 price of a pint of Starker beer at Overtime to1,210 words
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DINING
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Article, Illustration2147 2011-01-15 4 / 5 Jaime Ee - dealJaime Ee checks out two F&B operators aiming to bring authentic cuisine to Singapore By Jaime Ee jaime@sph.com.sg Bilbao #02-16, 111 Somerset Road Z6737-0150 CHEF Joseba Jimenez looks comfortingly Spanish. He pops his head in and out of the kitchen at Bilbao, a new restaurant at 111PHOTOS BY JOHN HENG - 2,147 words
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HEALTH/SHOPPING
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Article61 2011-01-15 6 / 7 Melissa Lwee - Reboot rev up By Melissa Lwee Ditch the new clothes, stow away the vacuum cleaner. To spring clean for the upcoming Chinese New Year, start with your own body. Whatever your lifestyle, rejuvenate with BTWeekend’s three-week guide custom-fit for your daily regimen. up’re done, that extra That means no more61 words
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Article, Illustration482 2011-01-15 6 / 7 BEING able to work from home with a flexible schedule makes you an optimum candidate for a personal spring-cleaning programme. Exercise: Energia Fitness Club (30 Merchant Road 04-11/12 Riverside Point, tel 6226-2777) recommends a three- week intensive programme ($888) that aims to have you lose 3 to 5482 words
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Article, Illustration463 2011-01-15 6 / 7 Working an office job with fixed hours has its pros and cons. Sure, on the one hand being deskbound can be boring but on the other, you also have a fixed schedule to work around. Exercise: Get a headstart before work with Cage FITT (http://thecage.com.sg/ cagefitt)FITNESS FACTORY - 463 words
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Article, Illustration413 2011-01-15 6 / 7 Working late means living in a different time zone from most but the good news is that you can fit in a workout during the day when everyone else is in the office. Exercise: Go to the gym before work. To make the experience more appealing, sign upPURE FITNESS - 413 words
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Article, Illustration382 2011-01-15 6 / 7 Exercise: Pick an exercise that is quick but efficient, such as a 30-minute session of Power Plate Acceleration Training. The Power Plate machine (below) increases your reflexive muscle contractions from 25 to 50 times a second, which means that every movement you perform is intensified. So you382 words
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Article, Illustration381 2011-01-15 8 Exercise: If all the gyms are closed by the time you get off work, perhaps you might want to consider working out on EA Sports Active 2 on your game console at home. In particular, if you have an Xbox360 with Kinect, the EA Sports Active 2PHOTOS: SPIRIT SPORTS, ELECTRONIC ARTS - 381 words
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GADGETS
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Article, Illustration712 2011-01-15 9 Christopher Lim - Here are some of the other highlights at this year’s Consumer Electronics Show. By Christopher Lim limchris@sph.com.sg MORE gadgets are announced at the annual International Consumer Electronics Show (CES) than can be squeezed into a single article, so here are some of the others worth712 words
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INDIA SHOW
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Article, Illustration658 2011-01-15 10 Malminderjit Singh - Its success will depend on its integration into the wider India-Asean one. By Malminderjit Singh INDIA and Singapore must ensure that their bilateral economic framework is integrated into the wider India-Asean one, according to the Indian Minister of Commerce Industry. This would be the key to the658 words
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Article, Illustration627 2011-01-15 11 Malminderjit Singh - A wide array of Indian products and technologies are on display. By Malminderjit Singh FROM aerospace to wine to software the complete range of Indian products and technologies jostled for attention at the exhibition held here alongside the India Show, an effort by the627 words
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TRAVEL
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Article, Illustration848 2011-01-15 12 Melissa Lwee - Other than skiing and snow-trekking, a plethora of activities awaits guests at Hokkaido’s Club Med Sahoro. By Melissa Lwee mellwee@sph.com.sg Club Med Sahoro Karikachi Kogen Shintoku-Cho 081 0039 Kamikawa-Gun, Hokkaido Z(81) 156-64-6667 WHEN the newspapers recently splashed stories about snowstorms ravaging Europe and other parts of the848 words
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WATCHES
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Article, Illustration870 2011-01-15 14/15 Dylan Tan - wantLuxury watch brands are starting to pay special wantLuxury attention to its female customers. By Dylan Tan dylantan@sph.com.sg WALK into any luxury watch boutique anywhere in the world and chances are, there are more watches for men than women. It has led to a recent trend where870 words
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Article, Illustration472 2011-01-15 14/15 Chuang Peck Ming - By Chuang Peck Ming peckming@sph.com.sg PANERAI, the name that has gained cult status among watch collectors, is also linked with classic yachting. The Italian watchmaker renewed this association last year with the 6th edition of the Panerai Classic Yachts Challenge, the most important international circuit of regattas472 words
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SPORT
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Article, Illustration690 2011-01-15 16 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor A FRIEND of mine summed up Liverpool’s current plight in just one, short sentence on his Facebook status update two days ago. “Wow, even I am starting to feel a little sorry for themREUTERS - 690 words
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Article, Illustration594 2011-01-15 16 Steve Dawson - grand slam with Steve Dawson JOURNALISM is a profession predominantly staffed by women, and in the ESPN newsroom they fall broadly into two categories: those who adore Roger Federer, and those who adore Rafael Nadal. When I say “adore”, I’m594 words
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GOLF
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Article, Illustration1077 2011-01-15 17 Justine Moss - The sportswear brand will be launching a slew of new products. By Justine Moss btnews@sph.com.sg IT’S a brand new year that time when many major golf brands unveil their latest bag of goodies to put on show in various markets around the world.PHOTOS: NIKE GOLF - 1,077 words
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MOTORING
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Article, Illustration462 2011-01-15 18 Samuel Ee - Citroën DS3 is also highly manoeuvrable and reassuringly solid. By Samuel Ee samuelee@sph.com.sg THE Citroën DS from the 1950s was a sculpture on wheels, a large and lusciously styled four-door saloon. The Citroën DS3, on the other hand, is a modern day model that is much smaller, but462 words
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Article, Illustration390 2011-01-15 18 Samuel Ee - By Samuel Ee samuelee@sph.com.sg THE Citroën C3 1.6 VTi Auto shares the same basic platform as the DS3, but with five doors and more conventional styling, the C3 is the more practical Citroën. The naturally aspirated 1.6-litre C3 is also $10,000 cheaper than the DS3 VTi390 words
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Article, Illustration722 2011-01-15 19 Samuel Ee - Saab 9-5 retains the marque’s classic design cues, while projecting modern Scandinavian cool.By cool.By Samuel Ee samuelee@sph.com.sg WHATEVER you may say about its origins, you are likely to admit that the sculpted styling of the long-awaited Saab 9-5 is striking. Here is one of the biggest and722 words
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Article, Illustration532 2011-01-15 20 Samuel Ee - In the luxury segment, the Mercedes-Benz R-Class has presence and no direct competitor.By competitor.By Samuel Ee samuelee@sph.com.sg AT a time when premium manufacturers are expanding their model ranges faster than they can go from zero to 100 kmh, it is unusual to discover that the cedes-BenzR-Classdoesn’tactuallyhaveadirectcom-petitor. While532 words
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Advertisement776 2011-01-15 8 wine&dine with BTWeekend Bar on 5 Level 5, Mandarin Orchard Singapore 333 Orchard Road Z6831-6288 Bar on 5 is the ideal place to chill out and unwind after a hard day’s work. Located five floors above Orchard Road, it provides a fabulous view of the shopping belt. The beverage menu776 words
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Advertisement188 2011-01-15 10 Cli Confederation of Indian Industry Since 1895 Department of Commerce Ministry of Commerce Industry Government of India IBEF :"V INDIA BRAND EQUITY FOUNDATION The India Show Land of limitless opportunities 14-1 6 January 201 I Suntec International Convention Exhibition Centre, Singapore DISCOVER NEW WAYS TO ENRICH YOUR RUSINESS 3 Days188 words
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Advertisement121 2011-01-15 11 cn Confederation of Indian Industry Since 1895 Department of Commerce Ministry of Commerce Industry Government of India IB E F' INDIA BRAND EQUITY FOUNDATION The India Show Land of limitless opportunities 14-1 6 January 201 I Suntec International Convention Exhibition Centre, Singapore ASNAPSHOT For further details, please contact: CONFEDERATION OF121 words
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Advertisement145 2011-01-15 13 V m V UP z 1 r 29 If 5SI Dubai Shopping Festival. From browsing at designer boutiques in one of the world's largest malls, to late night bargaining at an enchanting Arabic souk. Dubai offers a retail experience unlike any other. Experience the Dubai Shopping Festival from 20th January145 words
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