The Business Times, 11 February 2011

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Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Friday, February 11,2011
    23 words
  • Article
    Lock icon Stock exchanges swept by the urge to merge
    736 1  -  Ripples from planned merger between New York, German bourses spark Asian frenzy By CONRAD TAN [SINGAPORE] The merger frenzy gripping the world’s biggest stock exchanges swept across Asia yesterday, putting intense pressure on exchanges in the region, which still earn the bulk
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  • Article
    Lock icon MARKETS DIGEST
    143 1 H ST INDEX 3,103.39 (-47.17) H ST INDEX FUTURES 3,104 (-47) HSIMSCI 367.44 (-5.57) HSIMSCI FUTURES 366.60 (-6.10) FOREX US$ S$ US$ (S$ per US$) 1.277 (US$/S$ per 1.608 2.053 EURO (US$/S$/E) 1.368 1.746 Foreign currency per US$ S$ YEN 82.60 64.70 RM 3.045 2.385 HK$ 7.788 6.101
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  • Article
    Lock icon Let whistles blow fraud away, stat boards told
    856 1  -  By LEE U-WEN [SINGAPORE] All 64 statutory boards in Singapore could soon have a proper whistleblowing policy in place in a coordinated effort to detect fraud from within. This was mooted by the Public Accounts Committee (PAC), having already approached the Ministry
    856 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Mubarak’s exit is imminent, say reports
      309 2  -  But officials move to quell speculation he’s stepping down now By MALMINDERJIT SINGH [SINGAPORE] News reports emerged yesterday that Egyptian President Hosni Mubarak was stepping down, ending a contentious 30-year rule. Quoting sources, NBC News reported that current Vice-President Omar Suleiman would take over
      309 words
    • Article
      Lock icon Hutchison happy as intra-Asian trade booms
      531 2  -  HK seen becoming popular holding area for cargo from Asia headed for China By JOYCE HOOI [SINGAPORE] Hutchison Port Holdings (HPH), the behemoth behind what might be Singapore’s largest ever initial public offering (IPO), is set to see even greater cargo action in the
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    • Article
      Lock icon THREE-MINUTE DIGEST
      541 2 Stock exchanges swept by the urge to merge THE merger frenzy gripping the world’s biggest stock exchanges swept across Asia yesterday, putting intense pressure on exchanges in the region, which still earn the bulk of their revenue in their home markets. Just hours after the London Stock Exchange
      541 words
    • Article
      Lock icon A banner year for S’pore tourism
      623 4  -  Visitor arrivals surge 20% in 2010, boosting tourism receipts by 50% to $18.8b By NISHA RAMCHANDANI [SINGAPORE] Singapore’s tourism industry posted sizzling growth last year in what was a landmark year, beating initial projections to rake in $18.8 billion in tourism receipts, up nearly
      623 words
    • Article, Illustration
      Lock icon Cooling measures hit home sales: developers
      627 4  -  Sources say target prices have been lowered at some recent launches By UMA SHANKARI [SINGAPORE] Developers here admit that the latest measures to cool the property market have led to them selling fewer homes. But they were coy when asked if they were cutting
      ARTHUR LEE  -  627 words
    • Article
      Lock icon And now, New York on the Rhine
      418 4  -  By ANTHONY CURRIE {I® REUTERS BREAKINGVIEWS THE last round of transatlantic deal-making among stock exchanges came with bombastic declarations of expansion and large dollops of financial leverage. Five years later, all-stock deals are in, with modest premiums at best, and lots of cost
      {I® REUTERS BREAKINGVIEWS  -  418 words
    • Article
      Lock icon S'pore set to build its first floating oil storage
      572 4  -  Project at Pulau Sebarok expected to start in second half By RONNIE LIM [SINGAPORE] Singapore is set to launch its first floating oil storage project in the second half of this year. Apparently dubbed “megafloat”, the project is Singapore’s latest answer
      572 words
    • Article
      Lock icon Passenger traffic expands 13% at Malaysian airports
      468 4  -  By in PAULINE NG in Kuala Lumpur PASSENGER traffic at Malaysian airports expanded at a record 13 per cent last year to 57.8 million with international passenger traffic leading the charge. This mirrors Singapore Changi Airport’s 13 per cent increase in passenger traffic
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      257 words
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      206 3 www.vw.com.sg New Touareg. j uu 4 m m m Touareg I V/ Winner of the toughest race in the world, for the third year running. More than just a rally, the Dakar is the toughest endurance race in the world. Over 9,000 km crossing dunes, mud, camel grass, mountains and
      206 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SingTel Q3 profit notches up 0.8%
      673 5  -  The telco was dragged by weak performance from regional associates TELCOS By WINSTON CHAI A WEAKER performance across most of Singapore Telecommunications’ (SingTel) key regional associates resulted in a largely flaccid third quarter for the company, with its net profit inching up 0.8 per
      AP  -  673 words
    • Article
      Lock icon Telstra misses forecast as it battles Optus
      597 5 Aussie telco posts 36% fall in first-half income to A$ 1.19b Bloomberg [MELBOURNE] Telstra Corp, Australia’s largest phone company, posted earnings that missed estimates as it accelerated spending to win back customers from the sec-ond-ranked Optus unit of Singapore Telecommunications Ltd. Net income
      Bloomberg  -  597 words
    • Article
      Lock icon Keppel bags US$440m contract to build two rigs
      512 7  -  Harsh-environment jack-up rigs for Ensco are scheduled for delivery in 2013 By JOYCE HOOI KEPPEL Fels has won a contract worth about US$440 million to build two harshenvironment jack-up rigs for a unit of Ensco plc. A subsidiary of Keppel Offshore Marine
      512 words
    • Article, Illustration
      Lock icon Tiger passenger numbers in Jan up 29%
      258 7  -  By NISHA RAMCHANDANI TIGER Airways carried 553,000 passengers in January, 29 per cent more year on year, though its load factor slipped two percentage points to 84 per cent. For the 12 months spanning February 2010 to January 2011, it registered 5.88 million
      BLOOMBERG  -  258 words
    • Article, Illustration
      Lock icon Don’t blame all the selling on China’s rate hike
      798 7  -  HOCK LOCK SIEW By R SIVANITHY A LITTLE more than two weeks ago in our Jan 24 column (“A Glint In The Eye of Contrarians”), we made the suggestion that the emerging markets (EM) theme was starting to look a bit
      798 words
    • Article
      Lock icon Hedge funds trail equities in Jan: Eurekahedge
      307 7 Bloomberg [TOKYO] Hedge funds worldwide were little changed in January, returning 0.01 per cent and underperforming global equities as losses in some emerging markets limited gains, according to Eurekahedge Pte. Last month’s return follows a 10.9 per cent gain in the Eurekahedge Hedge
      Bloomberg  -  307 words
    • Article
      Lock icon F&N Q1 earnings shine on higher F&B takings
      433 8  -  Profit soars 72%, aided by exceptional gain of $102m from property business CORPORATE EARNINGS By EMILYN YAP FRASER and Neave (F&N) yesterday reported stronger first-quarter earnings on the back of exceptional gains and higher takings from the food and beverage business. In
      433 words
    • Article, Illustration
      Lock icon Eu Yan Sang Q2 profit down 13% on tax expense
      412 8  -  By LINETTE LIM EU Yan Sang’s net profit for the second quarter ended Dec 31, 2010, decreased 13 per cent, from $4.7 million to $4.1 million. The year-on-year earnings fall for the traditional Chinese medicine (TCM) group was largely due
      FILE PHOTO  -  412 words
    • Article, Illustration
      Lock icon Raffles Edu Q2 earnings fall 24% to $5.65m
      530 8  -  Forex losses, lower China enrolment cited as reasons By MICHELLE QUAH RAFFLES Education Corporation turned in a poorer performance for the second quarter ended Dec 31, 2010, compared to a year ago, which it attributed to foreign-exchange losses and a lower enrolment
      530 words
    • Article, Illustration
      Lock icon Bukit Sembawang posts 33-fold jump in Q3 gain
      354 8  -  By FELDA CHAY BUKIT Sembawang Estates posted a 33-fold jump in third-quarter earnings from a year ago, citing factors such as the sale of more units at its Paterson Suites development and higher profit recognition from its properties. The residential developer said
      FILE PHOTO  -  354 words
    • Article
      Lock icon Global Yellow Pages Q3 earnings up 19%
      324 8  -  By LINETTE LIM GLOBAL Yellow Pages posted an 18.9 per cent year-on-year increase in net profit to $15.2 million for the third quarter ended Dec 31, 2010. Revenue for the quarter increased 14.8 per cent from a year ago, to $28.5 million. The
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    • COMPANY BRIEFS
      • Article
        Lock icon WBL’s chief financial officer stepping down
        42 8 WBL Corporation said that its group chief financial officer Victoria Ko is stepping down to “pursue other opportunities and interests”. Ms Ko was appointed as the firm’s CFO in August 2009. No replacement has been announced.
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      • Article
        Lock icon Avi-Tech Q2 profit rises 8.2% to $1.1m
        70 8 AVI-TECH reported an 8.2 per cent improvement in second-quarter net profit to $1.1 million, from $1 million a year earlier. Revenue for the three months ended Dec 31, 2010 rose 27.7 per cent year on year to $8.67 million. On a six-month basis,
        70 words
      • Article
        Lock icon Excelpoint’s Q4 profit soars 16-fold
        71 8 EXCELPOINT Technology Ltd’s fourth-quarter net profit soared 16-fold to US$922,000 from a year ago’s US$57,000 as a result of strong business activities. Its Q4 revenue climbed 21.8 per cent to US$127 million, from US$104.4 million. On a full-year basis, Excelpoint registered a net profit of
        71 words
      • Article
        Lock icon Nera’s full-year profit rises 2.3% to $10.9m
        40 8 NERA Telecommunications Ltd’s net profit rose 2.3 per cent to $10.9 million for the year ended Dec 31, 2010. Compared with FY2009, the group’s turnover declined by 9.3 per cent to $155.8 million.
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      • Article
        Lock icon Cambridge Ind Trust’s Q4 DPU down 13.4%
        47 8 CAMBRIDGE Industrial Trust posted a distributable income of $12 million for the fourth quarter ended Dec 31, 2010 0.6 per cent higher than a year ago. Distribution per unit (DPU) for the quarter was 1.193 cents, down 13.4 per cent.
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      • Article
        Lock icon Sun East names new CEO, exec chairman
        68 8 SUN East Group has appointed Sam Kok Yin, 35, as CEO, deputy chairman and director of the company. Following a debt conversion exercise, Mr Sam holds a direct interest of 40.14 per cent in the firm and a deemed stake of 6.58 per
        68 words
    • Article
      Lock icon APB Q1 profit surges 65% on higher sales
      312 8  -  By EMILYN YAP ASIA Pacific Breweries (APB) yesterday posted stronger results for the first quarter ended Dec 31, 2010, as sales across its markets climbed. Net profit attributable to shareholders for Q1 was $115.7 million, up 65 per cent from a year
      312 words
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      323 5 t "r Do you need funds for your fund? Raising capital for your fund is challenging in this environment. CitiFX Pro 18 February 2011 Singapore Join us for this inaugural event. Kick start your FX fund. Who should attend: FX exempt fund managers, offshore incorporated FX fund managers, new FX
      323 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Shares fall further on inflation, rates
      589 6  -  ST Index sheds 1.5%; volume and nature of selling point to withdrawal of institutional money STOCKS R SIVANITHY Senior Correspondent THE selling of recent days intensified yesterday, cutting 47.17 points or 1.5 per cent off the Straits Times Index (STI) at 3,103.39, bringing the
      Source: Bloomberg  -  589 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 6 Feb 10 VALUE CLOSE BT OB/OS -318.00 -31.00 BT CADI -*****.00-210.00 BT 10-day MA -*****.00 -32.00 FTSE ST Mid Cap 784.37 -12.21 FTSE ST Small Cap 593.33 -3.75 FTSE ST All Share 771.73 -11.34 FTSE ST China Top 288.74 -4.96 FTSE ST China 309.56 -6.42 FTSE ST
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    • Article
      Lock icon MOST ACTIVE STOCKS
      56 6 VOLUME Genting SP 145,282,000 Golden Agri 95,059,000 CapitaLand 41,337,000 TopGlobal 40,049,000 Sunmoon 31,656,000 RafflesEdu 28,033,000 NOL 25,898,000 Noble Grp 25,659,000 GLP 23,213,000 *Genting HK US$ 21,266,000 VALUE($) Genting SP 296,850,020 CapitaLand 141,613,760 SIA 107,609,780 DBS Grp 90,208,820 UOB 88,006,135 Keppel Corp 83,128,120 OCBC Bk 71,423,630 Golden Agri
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 12 1 0 0 0 3 12 1 Manufacturing 21 91 74 4 5 9 25 96 83 Commerce 14 25 22 3 2 8 17 27 30 Tpt/Stor/Comms 5 28 9
      186 words
    • BROKERS’ TAKE
      • Article
        Lock icon Office Reits
        469 6 OCBC Investment Research, Feb 10 AFTER the FY2010 results, we found a few common themes in the guidance given by office Reit managers. Firstly, most office Reits with Grade-A office assets expect negative rental reversions to bottom out by end-2011. In FY2010, negative rental reversions were still prevalent
        469 words
      • Article, Illustration
        Lock icon Marco Polo Marine
        308 6  -  Feb 10 close: $0.41 Kim Eng Research, Feb 10 Compiled by JOYCE HOOI MARCO Polo Marine’s (MPM) Q1 FY2011 (year ending September) results were largely in line with our expectations. Revenue surged by about 61.2 per cent y-o-y to $19.4 million, spurred by the group’s shipbuilding and
        Source: Bloomberg  -  308 words
      • Article
        Lock icon Glossary:
        135 6 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      122 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 33,004 33,004 130,018 130,018 Manufacturing 322,558 21,789 344,347 321,033 662 321,695 Commerce 101,011 7,730 108,741 133,893 1,281 135,174 Tpt/Stor/Comms 132,114 1,090 133,204 300,963 249 301,212 Finance 30,657 2 30,659 305,286 305,286 Construction 24,950 40,067 65,017
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 6 Stock name Close Change CapMallsAsia 1.950 -0.060 CapitaLand 3.390 -0.090 CapitaMall 1.880 +0.010 CityDev 11.000 +0.100 ComfortDelGro 1.560 -0.020 DBS Grp 14.820 -0.160 F&N 6.060 -0.010 Genting SP 2.020 -0.050 Golden Agri 0.715 -0.005 HK Land 6.600 -0.230 JMH 45.660 -0.660 JSH 27.480 -0.780 Jardine C&C
      114 words
    • Article, Illustration
      Lock icon Euro hit by policy doubts; pound down
      452 6 CURRENCIES Reuters [LONDON] The euro slipped against the dollar yesterday, as nagging doubts over a lack of concrete policy measures to tackle the eurozone debt crisis hit sentiment and pushed peripheral debt yields up. Sterling fell to a session low against the dollar,
      Reuters; AP  -  452 words
    • Article
      Lock icon RISES
      107 6 BY CENTS CLOSE UP DBXT S&P500 10US$ 2086 34.5 1.3 DBXT DBLCI-OY 5US$ 4138 20.4 0.4 CIMBAsean40 100US$ 1009 15.3 1.2 Vicom 311 11.0 3.7 CityDev 1100 10.0 0.9 SIMSCI370MBePW*****1 27.5 8.5 44.7 SIMSCI375MBePW*****8 25 8.0 47.1 Golden Ocean 167 7.0 4.4 Lyxor CRBNonEny10US$ 328 5.1 1.2 Tianjin Zhong
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    • Article
      Lock icon FALLS
      120 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-292.2 -1.9 DBXT MSKorea 10US$ 5870-206.7 -2.7 JSH 2748 -99.5 -2.8 Jardine C&C 3202 -86.0 -2.6 JMH 4566 -84.2 -1.4 GLD 10US$ ***** -71.5 -0.4 BMT 555 -70.0 -11.2 Asia Pac Brew 2050 -58.0 -2.8 DBXT MSTHAI 10US$ 1450 -53.6 -2.8 UOB
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      Lock icon Page 7 Advertisements Column 1
      118 7 Hop into Leisure Farm this Rabbit Year! Join Us This CHAP cm-) net Celebration D'Rimbunan Leisure Farm, Iskandar Malaysia 13 Feb 2011 (Sunday) 10am 4pm Event Highlights Award Winning Lion Dance Stunts Dragon Dance Traditional Performing Arts Columbia Asia Health Talk Drum Performance Special Appearance by 'God of Prosperity' Year
      118 words
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      662 8 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF BABICH SINGAPORE (PTE) LTD. Co. Reg. No. *****2440G (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act Cap 50
      662 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Singaporeans among top social media users globally
      292 9  -  They move seamlessly between online and offline interactions: study By VICTORIA HO SINGAPORE stands above its global peers as one of the most “evolved” social media markets, according to a global study. The study, conducted by media research agency Firefly Millward Brown, said
      FILE PHOTO  -  292 words
    • Article, Illustration
      Lock icon Wider testing of LED street lights on the cards
      447 9  -  Energy saving lights provide better field of vision for drivers By EMILYN YAP LED street lights could be making their way to more parts of Singapore in two to three years’ time, as government agencies test them out on a broader
      447 words
    • Article
      Lock icon CASE recovers $3.8m in 2010
      243 9  -  By SEAN TAN THE Consumers Association of Singapore (CASE) posted a 28.6 per cent year-on-year increase in the nett value recovered for consumers to $3.8 million for the year 2010. The number of cases it handled rose to 22,590, up 3.7 per cent from 21,782
      243 words
    • Article
      Lock icon Tote Board commits $625m in funding
      228 9 THE Tote Board yesterday announced that it expects new commitments for the financial year 2011 to amount to about $625 million. This is an increase of about $325 million from the previous year. Two major beneficiaries are the Tote Board Community Healthcare Fund (TBCHF)
      228 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon First evidence-based guidelines on screening
        118 9 THE local Academy of Medicine has released Singapore’s first evidence-based practice guidelines on screening tests yesterday. A screening test framework has been developed to provide guidance to both healthcare professionals and the public about specific screening tests and clinical indications, due to the wide range
        118 words
      • Article
        Lock icon VIVA moves to Novena Specialist Center
        138 9 VIVA Foundation For Children With Cancer will be setting up its new permanent base at Novena Specialist Center. Far East Organization has donated the entire third storey of the building, or 18,500 square feet of space, to the Singapore-based charity organisation. The new centre,
        138 words
    • Article, Illustration
      Lock icon Simplify incentives for SMEs: pre-Budget panel
      484 9  -  By TEH SHI NING PRODUCTIVITY incentives and schemes need to be more industry-focused and less complex to get SMEs onto the national productivity bandwagon. Businessmen who spoke at a pre-Budget roundtable yesterday elaborated that already hard pressed to hire staff in the tight labour
      484 words
    • Article, Illustration
      Lock icon S’pore Investment Banking Association to come under ABS
      319 9  -  By CONRAD TAN THE Singapore Investment Banking Association (SIBA) will be folded into the Association of Banks in Singapore (ABS) later this year to form a bigger and more representative industry group, ABS chairman Wee Ee Cheong said yesterday. The enlarged group
      319 words
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      0 9 [>'~?^.`|(@>@?{-"}],')\|'~`%&?%
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      73 9 tl'Jl'J $10 Million Hong Bao Draw Fri, 18 Feb 11 'Live' Draw at Livewire (Marina Bay Sands) at 9.30pm $228 Pack comes with Toto tickets from outlets with the highest number of jackpot winners in 2010 and Singapore Sweep tickets. Order by fax or online at www.singaporepools.com.sg. Closing date: Mon,
      73 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Steep govt spending cuts could derail growth, Bernanke warns
      845 10 Take long-term view to deal with budget deficits; jobless rate too high, he says Reuters [WASHINGTON] Federal Reserve chairman Ben Bernanke on Wednesday warned against sharp cuts in US spending at a time when the economic recovery is still fragile enough
      Reuters; BLOOMBERG  -  845 words
    • Article
      Lock icon Australian jobs growth in Jan beats forecasts
      462 10 Part-time jobs spark rise; unemployment rate stays at 5% Bloomberg [SYDNEY] Australian employers added more workers than economists forecast in January, adding to evidence that economic growth will accelerate this year. Employment climbed by 24,000, the statistics bureau said in Sydney yesterday, surpassing
      Bloomberg  -  462 words
    • Article
      Lock icon Core machinery orders in Japan up 1.7% in December
      519 10 Reuters [TOKYO] Japan’s core machinery orders rose for the first time in four months in December and firms forecast an increase in orders for the first quarter, boding well for capital spending as the economy emerges from a lull. But the
      Reuters  -  519 words
    • Article
      Lock icon Thai consumer confidence up for 2nd straight month
      386 10 Bloomberg [BANGKOK] Thailand’s consumer confidence rose for the second consecutive month in January as the government increased wages and announced measures to help contain fuel and food costs. An index measuring sentiment climbed to 72.6 last month from 71.9 in December, the
      Bloomberg  -  386 words
    • Article, Illustration
      Lock icon BRIC bonds penalised as swaps diverge
      371 10 [LONDON] Rising food and commodity prices are driving the cost of protecting bonds of Brazil, Russia, India and China to the highest level in four months relative to the world’s largest economies. The average cost of cred-it-default swaps tied to the debt of so-called
      XINHUA  -  371 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Magnum buyout: seesaw for MPHB shares
      442 11  -  Buying remaining shares it doesn’t own will make gaming Multi-Purpose Holdings’ core business By S JAYASANKARAN in Kuala Lumpur SHARES of Malaysia’s Multi-Purpose Holdings (MPHB) had a seesaw ride yesterday after the company said on Wednesday that it would buy the remaining shares in
      442 words
    • Article, Illustration
      Lock icon The hot topic in Indonesia now is soaring chilli prices
      548 11 Prices have soared as much as 10-fold in recent months AP [JAKARTA] In spice-crazed Indonesia, a meal without fresh chillies is almost unthinkable. But prices have soared as much as 10-fold in recent months some say because of climate change
      AP; REUTERS  -  548 words
    • Article
      Lock icon Consortium ups offer price for MTD Capital’s takeover
      207 11 Reuters [KUALA LUMPUR] A consortium of firms linked to the chairman of Malaysian highway toll operator MTD Capital has raised the offer price to take over the company to RM11 a share from RM9.50 per share, MTD Capital said yesterday. The revised
      Reuters  -  207 words
    • Article
      Lock icon Bakrie backing sought for hedge fund
      501 11 Bloomberg [JAKARTA] Edwin Ridwan, who helped set up the proprietary equity trading desk of Bakrie Group last year, is seeking capital to start an Indonesia-focused hedge fund that will bet on rising stocks. Mr Ridwan, 41, is in talks with the Bakrie Group, a
      Bloomberg  -  501 words
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      634 11 BUY IT- SELL IT- FIND IT HATS 1 r" F c Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF METSO MINERALS (ASIA-PACIFIC) PTE LTD (In Members' Voluntary Liquidation) Reg No. *****4014H (the "Company") NOTICE OF RESOLUTIONS At an
      634 words
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      1561 11 ECOWISE HOLDINGS LIMITED W W W Registration No: *****9835C ecoworld better world (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2011 Annual General Meeting of the shareholders of the Company will be held at 17 Kallang Junction #04-03 Singapore *****4 on Monday, 28 February
      1,561 words
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  • GREATER CHINA
    • Article
      Lock icon PetroChina buys stake in Encana’s gas assets
      522 12 C$5.4b purchase price for 50% stake seen as expensive by some analysts Bloomberg [HONGKONG] PetroChina Co, the country’s biggest energy producer, agreed to buy a 50 per cent stake in Encana Corp’s Cutbank Ridge gas assets for C$5.4 billion (S$6.9 billion) in its
      Bloomberg  -  522 words
    • Article, Illustration
      Lock icon Deal-maker Mary Ma to start own private equity fund
      214 12 AFP [HONG KONG] Mary Ma, one of China’s top businesswomen, is leaving Califor-nia-based TPG Capital to start a private equity fund, a report said yesterday. Ms Ma, the former chief financial officer at Chinese computer giant Lenovo who reportedly helped engineer
      AFP  -  214 words
    • Article, Illustration
      Lock icon CNY holiday retail sales up 19%
      289 12 AFP [SHANGHAI] China’s retail sales for the Chinese New Year holiday surged 19 per cent year-on-year in one of the biggest rises in a decade, signalling a surge in domestic consumption according to state media. Shops and restaurants across the country rang up 404.5
      AFP  -  289 words
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      161 12 WINE DINE AND HOSPITALITY 4 w i v SINGAPORE'S 'KING OF SWING' JEREMY MONTEIRO PERFORMS AT INK CLUB BAR LEVEL 1, FAIRMONT SINGAPORE MONDAY THURSDAY 9:30PM 12.30AM DAY, SATURDAY EVE OF PUBLIC HOLIDAY 9:45PM 12:45AM INK Club Bar Level 1 Fairmont Singapore, 80 Bras Basah Road Singapore *****0 ?.]%@@!/<.:<{*"^&/$,~)?+/<<~\!@ Costolette
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  • INDIA
    • Article, Illustration
      Lock icon Anil Ambani denies probe claims
      510 13 Group blames rivals, rumours for US$2.6b plunge in share value on Wednesday Bloomberg [MUMBAI] Indian billionaire Anil Ambani yesterday denied claims that the country’s top accounting body was probing his business group’s financial affairs after its shares were hammered. The denial came a day after
      Bloomberg; REUTERS  -  510 words
    • Article
      Lock icon Reliance Capital sees big growth for gold funds
      240 13 Investment in gold will top equity funds in 3-4 years: CEO Bloomberg [MUMBAI] Investments in gold funds in India, the world’s largest consumer of bullion, will top mutual fund equity investments in the next three to four years, according to Reliance Capital
      Bloomberg  -  240 words
  • Page 13 Advertisements
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      3757 13 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com. CHINA FLEXIBLE PACKAGING HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) N O TI C E O F ANN U AL G ENERAL MEETIN G NOTICE IS HEREBY GIVEN that the Annual General Meeting of China Flexible Packaging Holdings Limited (“the Company”) will
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  • WORLD
    • Article, Illustration
      Lock icon Sugar shortage may fuel price rally: Kingsman
      678 14 Supplies likely to trail demand as dry weather hits crops in Brazil, Russia Bloomberg [MUMBAI] A global sugar shortage will be “exacerbated” this year as cold weather in China and flooding in Australia cut harvests, likely fuelling a rally in prices from the
      Bloomberg; REUTERS  -  678 words
    • Article
      Lock icon Wheat prices heading north
      439 14 Bloomberg [SINGAPORE] Global wheat harvests may trail demand for a second year, which would spur hoarding and push prices higher, said the United Nations. “Whenever you get the market as tight as we are now, hoarding becomes widespread,” Abdolreza Abbassian, a senior economist at the UN
      Bloomberg  -  439 words
    • Article
      Lock icon Credit Suisse posts 841 m franc Q4 profit
      354 14 AP [GENEVA] Credit Suisse Group reported fourthquarter earnings yesterday of 841 million Swiss francs (S$1.12 billion), an improvement on the same period a year ago but still missing analysts’ expectations for 2010. The results yesterday exceeded those from the same period the
      AP  -  354 words
    • Article, Illustration
      Lock icon Budget deadlock may lead to fall of Japanese PM
      569 14 His attempt to rein in world’s largest public debt stalls Bloomberg [TOKYO] Japanese Prime Minister Naoto Kan’s inability to break a stalemate over budget legislation threatens to make him the fifth straight premier to last no more than a year, and
      Bloomberg; REUTERS  -  569 words
    • Article
      Lock icon Sapporo ups stake in Pokka to 85.5%
      274 14 AFP [TOKYO] Japanese brewer Sapporo Holdings will turn soft drink maker Pokka into a subsidiary to boost its beverage business amid a shrinking domestic market, the two companies said yesterday. The 21.27 billion yen (S$329 million) deal comes at a time of heightened
      AFP  -  274 words
    • Article
      Lock icon Use ‘catastrophe bonds’ to cover disaster risk, Australia urged
      537 15 Finance relief with insurance rather than levies: Swiss Re Reuters [SYDNEY] Global reinsurance giant Swiss Re said Australia’s natural disaster risk was increasing and urged its governments to cover the rising damages bill using insurance instruments like “catastrophe bonds” as opposed
      Reuters  -  537 words
    • Article, Illustration
      Lock icon IEA raises forecast for oil demand for fifth month
      520 15 The agency also says that oil inventories in developed nations are at a 2-year-low Bloomberg [LONDON] The International Energy Agency (IEA) has raised its 2011 global crude oil demand forecast for a fifth month, and has said that inventories in developed
      Bloomberg; AFP FILE PHOTO  -  520 words
    • Article, Illustration
      Lock icon Rio Tinto plans US$5b share buyback by end-2012
      586 15 Reuters [MELBOURNE] Rio Tinto surprised investors by more than doubling its full-year dividend and promising to return US$5 billion to shareholders over the next two years to soak up bumper cashflows after it reported a record sec-ond-half profit. The size of the
      Reuters; REUTERS  -  586 words
    • Article
      Lock icon Telstra agrees to key terms for broadband network
      241 15 AFP [SYDNEY] Australian telecommunications giant Telstra said yesterday it had agreed to key terms for a multi-billion dollar national broadband network, tempering disappointment over a 36 per cent drop in profits. The former state monopoly said it had struck provisional agreements with
      AFP  -  241 words
    • Article
      Lock icon IMF overawed by rich nations: internal panel
      687 16 Staff pressured to tone down reports on advanced economies, it says Reuters [WASHINGTON] The International Monetary Fund failed to spot the financial crisis brewing in part because it was “overly influenced” by rich nations, the fund’s internal watchdog said on Wednesday. The Independent
      Reuters  -  687 words
    • Article, Illustration
      Lock icon New requirements for Spanish banks
      401 16 AFP [MADRID] Spain will require some of the country’s unlisted savings banks to raise their core capital ratio to 10.0 per cent, the finance minister said on Wednesday, in a further move to boost confidence in the nation’s financial system. The requirement will apply to
      AFP; REUTERS  -  401 words
    • Article, Illustration
      Lock icon Pay czar leaves no lasting legacy: report
      693 16 Crackdown on pay is effective but has no long-term impact Reuters [WASHINGTON] The Obama administration’s tough, but short-lived, crackdown on pay at the biggest US banks will have little long-term impact, a bailout watchdog said in a report released yesterday. The report by
      Reuters; BLOOMBERG FILE PHOTO  -  693 words
    • Article
      Lock icon Germany seeks new EADS investor
      303 16 Reuters [BERLIN] The German government is seeking a new private investor for European aerospace and defence group EADS in light of the possible departure of a major German shareholder, government sources told Reuters on Wednesday. Economy Minister Rainer Bruederle tasked his staff with the search,
      Reuters  -  303 words
    • Article
      Lock icon Facebook, Google size up takeover of Twitter: WSJ
      352 16 Reuters [NEW YORK] Google Inc and Facebook Inc, plus others, have held low level takeover talks with Twitter that give the Internet sensation a value as high as US$10 billion, the Wall Street Journal reported. In December, Twitter raised US$200 million in
      Reuters  -  352 words
    • Article
      Lock icon Dec wholesale inventories up 1 %
      475 17 Dec wholesale inventories up 1 Higher-than-forecast figure comes as distributors try to keep up with better sales LATEST US DATA Bloomberg [WASHINGTON] Inventories at United States wholesalers rose more than forecast in December as distributors tried to keep up with improving sales. The 1 per cent increase in stockpiles compared
      Bloomberg  -  475 words
    • Article, Illustration
      Lock icon Labour unrest fuels anti-Mubarak protests
      763 17 Government warns of army crackdown and martial law [CAIRO] Doctors in white lab coats and lawyers in black robes streamed into Cairo’s Tahrir Square yesterday as labour unrest across the country gave powerful momentum to Egypt’s wave of anti-gov-ernment protests. With its efforts to manage
      AP  -  763 words
    • Article
      Lock icon BOE holds key interest rate at record low 0.50%
      385 17 AFP [LONDON] The Bank of England (BOE) kept its key interest rate at a record low 0.50 per cent following a likely close vote yesterday, as Britain faces both an uncertain economic recovery and soaring inflation. “The Bank of England’s Monetary
      AFP  -  385 words
    • Article
      Lock icon Irish banks seen needing more capital after tests
      481 17 Bloomberg [DUBLIN] Irish banks may need additional capital after stress tests are completed should the economic environment worsen “significantly beyond scenarios envisaged under the tests”, the European Commission said yesterday. The commission said 10 billion euros (S$17.4 billion) have been earmarked for
      Bloomberg  -  481 words
    • Article
      Lock icon S Korea and US sign revised free trade deal
      362 17 AP [SEOUL] South Korea and the United States have signed amendments to their landmark free trade agreement, paving the way for the deal to be voted on by lawmakers in both countries. The two governments exchanged documents signed by South Korean
      AP  -  362 words
    • Article
      Lock icon SEC seeks to reduce reliance on ratings
      314 17 AP AP [NEW YORK] Credit rating agencies are ingrained in the culture of Wall Street, which uses their grades for issuing debt and setting capital levels. Now, the Securities and Exchange Commission (SEC) is aiming to wean firms from dependence on ratings, many
      AP  -  314 words
  • Page 14 Advertisements
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      39 14 _r V i. THE SEARCH FOR THE BIGGEST II FAN! HOW BAD DO YOU WANT THE WANTED TO PERFORM AT YOUR HOUSE? LOG ON TO WWW.RADI0913.COM FOR MORE DETAILS 91.3FM TODAvS BEST MUSDG 35^ UNIVERSAL V K «5j® go;
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  • Page 15 Advertisements
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      1005 15 MATS <3* NOTICES BUY IT• SELL IT• FIND IT UBS (Lux) Key Selection SICAV Registered Office: 33A avenue J.F. Kennedy, B.P. 91, L-2010 Luxembourg Registre de commerce: Luxembourg B 88.580 TVA Identification number: LU 218 434 28 Phone number *****0 6051 Fax number *****0-6249 Notice of Annual General Meeting of
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  • EDITORIAL & OPINION
    • Article
      Lock icon The news, delivered on a slate
      484 18 EDITORIAL WHEN News Corp chairman Rupert Murdoch launched the iPad-only news publication The Daily a week ago, he declared: “New times demand new journalism.” Only time will tell if this adventure in new journalism is as groundbreaking as the canny mega-publisher believes it is.
      484 words
    • Article, Illustration
      Lock icon Japan looks to M&As to energise economy
      773 18  -  THE BOTTOM LINE WILLIAM PESEK JR William Pesek is a Bloomberg News columnist. The opinions expressed are his own STEEL company mergers are a little below Timothy Geithner’s radar. Yet the US Treasury secretary should think long and hard about a recent one
      773 words
    • Article, Illustration
      Lock icon Obama’s new fruitcake strategy for businesses
      941 18  -  It’s doubtful his pro-business rhetoric and proposed policies will make much difference LEON HADAR Washington Correspondent USPresidentBarackObama and America’s business executives may have had their differences over the plans to reform the healthcare insurance and the financial regulatory systems. But there is certainly one
      AFP  -  941 words
    • Article, Illustration
      Lock icon Budget wishes for risk business
      1498 19  -  Singapore can do more to incentivise the insurance sector and attract global players to base their operations here By YIP YOKE HAR, GOH CHIEW MEI Yip Yoke Har is tax partner and Goh Chiew Mei senior tax manager at PricewaterhouseCoopers Services LLP Both of them
      STOCKXCHNG  -  1,498 words
    • Article, Illustration
      Lock icon Old media roaring back to life
      656 19  -  By JEFFREY GOLDFARB fiS REUTERS BREAKINGVIEWS THE future of the media is supposedly here again. Rupert Murdoch ushered in the next generation of publishing with his iPad-based The Daily at a glitzy Guggenheim Museum fete last week. As he did, old-fashioned television and print
      fiS REUTERS BREAKINGVIEWS; AFP  -  656 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Engine safety issues cost Rolls-Royce £56m
      384 20 Profit down 73% to £480m, largely hit by exceptional accounting charges AFP [LONDON] Rolls-Royce has taken a hit of £56 million (S$115 million) due to safety issues with the Trent 900 engine used to power the Airbus A380 superjumbo, the British company announced yesterday.
      AFP; REUTERS  -  384 words
    • Article, Illustration
      Lock icon Iata to expand regional office in Singapore
      306 20  -  By NISHA NISHA RAMCHANDANI THE International Air Transport Association (Iata) has signed a memorandum of understanding (MOU) with the government which will facilitate the expansion of Iata’s Singa-pore-based regional office for Asia-Pacific. “Over the next 10 years, Iata intends to ramp up its
      306 words
    • Article
      Lock icon Air France-KLM to miss profit target due to snow, strikes
      301 20 Reuters [PARIS] Air France-KLM warned on Wednesday that it would miss a key profit target after a triple whammy of snow, strikes and security problems hit its finances. Europe’s largest airline by revenues said that it would make less than
      Reuters  -  301 words
    • Article
      Lock icon BaltEx’s freight futures trading roll-out ‘too slow’
      419 20 Brokers are worried rivals may look to launch their own Reuters [LONDON] The Baltic Exchange’s plan for a central trading screen for dry bulk freight derivatives is moving too slowly and concerns are growing that rivals may look to launch their own, freight
      Reuters  -  419 words
    • Article
      Lock icon SuMed pipeline can cover northbound flows: IEA
      260 20 Bloomberg [DUBAI] In the event of political unrest in Egypt disrupting shipments through the Canal, the Suez-Mediterranean or SuMed crude pipeline has ample capacity to ensure continued northbound flows, the International Energy Agency (IEA) says. Closure of the Suez Canal would chiefly affect
      Bloomberg  -  260 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3355 20 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi KU6457 1230 SQ456 1245 SQ457 1230 EY470 2200 VA7470 2200 Adelaide LH9771 1745 9W4082 2220 SQ278 1745 AF8088 2220 VS7278 1745 BA7382 2220 JL5083 2220 MU8214 2220 QF82 2220 LH9770 2350 SQ279 2350 VS7279 2350 Amsterdam LO4031 0605 JX817
      3,355 words
  • Page 20 Advertisements
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      172 20 Fearnley Offshore Supply AS is a leading international offshore broking firm with offices in Oslo, Houston and Singapore. The company is part of the Astrup Fearnley Group which is a leading international broking group with around 300 employees located in 14 offices worldwide. Due to steadily increasing activity wish to
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9037 21 Transaction date: Feb 10 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 3148 8Telecom 19 -0.5 480 19 19 18.5 19 1.7 9.5 6.1 91 12 4.5 5834
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    • Article
      Lock icon SGX CATALIST
      1651 22 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 1181 t AA Grp 5.5 4.5 5.5 30.6 5.3 225 130 6222 t APStrategic 163 157 163 96.7 2 0.5
      1,651 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9527 22 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.35/ APS Alpha Fund (USD)!** 1.06/ APS Alpha Fund Cl B SGD!** APS Alpha Fund Cl B USD!** AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund
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    • Article
      Lock icon SGX ETF
      861 22 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 6389 ABF SG Bond ETF 110 unch 4 110 110 109 110 502.1 1070 761 CIMBAsean40 100US$ US1009 +12 11 1016 1009
      861 words
    • Article
      Lock icon GLOBALQUOTE
      254 22 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 6000 AVJennings A52.5cd 50 52.5 3.6 6.7 4.2 136.7 55 16 6017 Genting HK US$ US42.5 -2 ***** 44.5 42.5 42.5 43 2798.4
      254 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 23 In local curr In S$ In US$ dy yr dy yr dy yr Feb 9 Index Change Change Change Change Change Change World Index Preliminary 937.8 -0.3 4.5 -0.3 4.2 -0.4 4.8 EAFE Preliminary 834.7 -0.2 4.2 -0.3 4.3 -0.4 5.0 Europe Preliminary 1220.7 -0.3
      374 words
    • Article
      Lock icon INTERBANK RATES
      178 23 Feb 10 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.33 0.23 1 month 0.40 0.30 2 months 0.43 0.33 3 months 0.46 0.36 6 months 0.58 0.48 9 months 0.80 0.60 12
      178 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 23 Feb 10 S$ Bid Offer 1-month 1.2758 1.2769 2-months 1.2756 1.2767 3-months 1.2755 1.2766 6-months 1.2751 1.2762 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 23 Feb 10 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.331 1.256 Can dollar 1.306 1.256 Euro 1.782 1.714 Sterling pound 2.091 2.011 NZ dollar 1.011 0.963 US dollar 1.294 1.245 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon STOCK INDEX FUTURES
      27 23 Feb 10 Open High Sett STI Feb 3104 SIMSCI Feb 372.1 372.7 366.6 Taiwan Feb 320.3 320.5 313.0 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      68 23 Feb 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 11 3985 3966 3985 3926 441 1779 Mar 11 3982 3954 3982 3914 1819 ***** Apr 11 3967 3926 3967 3889 ***** ***** May 11 3930 3888
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      442 23 Feb 10 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.6650 0 3777 Jun11 99.5750 0 1674 Sep11 99.4300 0 2814 Dec11 99.2100 0 574 EUROYEN TIBOR FUTURES Mar11 99.6625 99.6625 99.6625 99.6625 1 5210 Jun11 99.6475 0 1222 Sep11 99.6300 0 786 Dec11 99.6000 103
      442 words
    • Article
      Lock icon SICOM FUTURES
      143 23 Feb 10 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 11 629.0 620.0 629.0 79 Apr 11 626.0 May 11 625.5 Jun 11 625.5 Jul 11 622.0 Aug 11 622.0 Sep 11 614.0 613.0 622.0 132 Oct 11
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    • Article
      Lock icon GOVERNMENT SECURITIES
      83 23 Feb 10 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 12.05.2011 0.33 0.35 0.30 1-Year BY*****N 01.11.2011 0.40 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.48 102.53 102.52 5-Year N*****0S 2.875 01.07.2015 107.10
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    • Article
      Lock icon CHICAGO BOT
      107 23 Feb 9 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 11 1451.00 1434.25 1455.75 1435.00 May 11 1463.00 1446.00 1467.50 1447.00 Jul 11 1470.25 1453.25 1474.50 1454.00 Aug 11 1447.25 1429.00 1449.75 1433.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 11 59.74
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 23 CRUDE OIL PRODUCTS Feb 9 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 101.38 0.86 WTI (Near Mth) 86.81 -0.29 Dubai (1-Mth F) 96.64 0.62 Tapis blend 104.45 0.75 Minas 100.55 0.85 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.67 0.17 Jet Kerosene 116.45 0.80 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2496 23 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 27.5 1 73 1 10 -4 1.42 57 6221 Asia-Pacific Strategic W*****6 30.5 1 150 11 5.34 39 6227 ASJ Hldgs W*****1 3 1 4 17
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 23 Feb 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.003 6.631 0.736 7.842 45.867 89.895 0.832 11.264 3.066 1.310 85.742 43.989 1.285 7.320 0.967 29.127 30.959 0.626 1.007 Canada 0.997 6.614
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    • Article
      Lock icon SIBOR
      67 23 Feb 10 (USS) (5$) I mth 0.***** 0.***** 2. mths *****0 0,***** 3 mths *****7 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0-***** 12 mths 0.***** 0.7672? SWAPOffer rates (S$) 1 mth ....0.***** 2 mths.. 0.***** 3 mths.. *****1 9 mths 0 ***** .0.***** SWAP Mid rates (S$)
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 23 Feb 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2845 1.2862 1.0067 1.0072 Canadian dollar 1.2813 1.2829 1.0041 1.0046 Euro 1.7453 1.7468 1.3678 1.3679 NZ dollar 0.9805 0.9821 0.7684 0.7691 Sterling pound 2.0518 2.0539 1.6080 1.6084
      154 words
    • Article
      Lock icon PRECIOUS METALS
      96 23 Feb 10 GOLD (iJSS/oz) Feb 10 Feb 09 Hong Kong 1357,20 T362.20 Feb 09 Feb 08 London 1362.95 1365,85 1364.36 1366.60 Source: Thomson Reuters CAST BAR Feb TO (ss) Sellinu Buying Kilobar 59.962.80 ***** PAMP GOLD BARS (SS) Selling Buying lgm 134 56 5gm 381 280 lOgni t>81
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    • Article
      Lock icon LONDON METALS
      70 23 Feb 9 9 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2523.75 2545.25 3 months 2545.00 2565.00 Copper, Grade A (US$/tonne) Cash 9933.00 *****.00 3 months 9925.00 *****.00 Lead (US$/tonne) Cash 2538.00 2609.00 3 months 2520.00 2569.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash
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    • Article
      Lock icon LIFFE
      82 23 Feb 9 COCOA (£/tonne) Close Prev High/Low Mar 11 2147 2134 2159/2120 May 11 2134 2123 2146/2105 Jul 11 2119 2113 2134/2094 Sep 11 2114 2103 2124/2090 COFFEE (US$/tonne) Close Pev High/Low Mar 11 2221 2195 2225/2185 May 11 2254 2225 2257/2216 Jul 11 2269 2240 2271/2232 Sep 11
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    5845 24 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico *Loads E./W.
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  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      28 25 r FREIGHT FORWARDER urgently needed by shippers 1 Can they find your here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327
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  • executive lifestyle
    • ARTS
      • Article, Illustration
        Lock icon Ancient barkcloth comes alive
        1053 26  -  Exquisite aboriginal art of Papua New Guinea’s Omie people is a work of heart, writes MADHVI SUBRAHMANIAN IN TODAY’S widely connected world, it is hard to imagine any region being wholly insular. However, it was only five years ago when the art works of a small
        PHOTOS: REDOT GALLERY  -  1,053 words
      • Article, Illustration
        Lock icon Pangs take on dark play
        857 26  -  By NATALIE KOH Closer runs from Feb 17 to March 6 at DBS Arts Centre, Singapore. Tickets from $35 to $50are a vailable from Sistic MANY people know of the 2004 film, Closer, starring Julia Roberts, Clive Owen, Jude Law and Natalie Portman, but few
        PANGDEM0NIUMI PRODUCTIONS  -  857 words
      • AROUNDTOWN
        • Article, Illustration
          Lock icon LaSalle graduates’ solo exhibitions
          394 26 LIMELIGHT Blossoms features works from two series that fine artist Steve Chua had been developing concurrently for eight years. Chua first explored abstract creation in 2002. Since then he has been actively exploring unusual forms, contours, patterns and textures of various living organisms. These unusual forms
          PHOTOS: ALLIANCE FRANCAISE DE SINGAPOUR, CHAN HAMPE GALLERIES  -  394 words
        • Article
          Lock icon Learn to write
          96 26  -  By CHEAH UI-HOON The National Book Development Council of Singapore is organising a Young Writers seminar on Feb 19, from 10am to 5pm, at The Salon, National Museum of Singapore. The target audience are students from junior colleges, universities and polytechnics who aspire to write. Topics include
          96 words
        • Article, Illustration
          Lock icon Journey into Yoshitomo Nara’s world of Japanese art
          153 26 This is a special re-screening of the documentary of a 240-day journey that pop artist Yoshitomo Nara made as he travelled to disparate locations such as Bangkok, New York, Seoul, Tokyo and Hirosaki, his hometown. It’s a rare be-hind-the-scenes glimpse of the
          153 words
      • Article, Illustration
        Lock icon Banking on local stage comedy
        823 27  -  More Singaporeans are turning up at comedy productions to soak in their local colour and relevance, reports DYLAN TAN IF LAUGHTER is the best medicine, then the local comedy theatre scene must be in the pink of health. From last year’s reboot of Fried Rice
        823 words
      • Article, Illustration
        Lock icon Great expectations
        813 27  -  By CHRISTOPHER LIM NEW works will drive this year’s Singapore Arts Festival, with commissions making up almost a third of the 62 productions. Out of this record number of 18 commissioned works, 13 are local, which is also unprecedented. The previous record for Arts Fest commissions was eight,
        813 words
      • Article, Illustration
        Lock icon Filmdom’s Asian divas
        722 27  -  By CLARISSA TAN TO SAY that Choo Meileen is one of the most powerful women in the Asian cinema industry wouldn’t be quite correct she is one of its most powerful people, full-stop. But it’s understandable that, in a business where sexism and stereotyping are rife, she
        PHOTO: CLARISSA TAN  -  722 words
    • PURSUITS
      • Article, Illustration
        Lock icon Highlights of Abu Dhabi
        1149 28  -  There was an excellent selection of wines at the Chateau Pichon Lalande Dinner last Sunday on the Gourmet Abu Dhabi 2011 programme, says N K YONG THIS past week has been a “back to basics” week with a vengeance. And to make it even more nostalgic,
        1,149 words
      • Article, Illustration
        Lock icon Sotheby’s to rake in $154.7m from Chinese ceramics sale
        484 28 Bloomberg AN 18th-century imperial vase worth more than US$23 million (S$29.4 million) will lead a sale of works in Hong Kong from one of the foremost private collections of Chinese ceramics, auction house Sotheby’s said. The Falangcai vase with golden pheasants
        Bloomberg  -  484 words
      • Article, Illustration
        Lock icon S’pore pastry team finds going too hot
        330 28  -  By FELDA CHAY IT WAS a bittersweet end to Singapore’s quest for pastry glory at the World Pastry Cup that concluded recently in the city of Lyon in France. While the team came in seventh a position it also clinched in 1997 and
        330 words
    • FESTIVALS AROUND THE WORLD
      • Article, Illustration
        Lock icon Festivities to mark a new year
        1014 29  -  Tet is a time to rejoice and to remember the ancestors. By DANG VAN TRANG The writer is a student at RI (JC). She lived in Hanoi for 15 years before leaving for Singapore. Brought to you by Ascott TET Nguyen Dan, or “Tet”,
        Brought to you by Ascott; PHOTOS BY DANG VAN TRANG  -  1,014 words
    • MUSIC/GAMING
      • Article, Illustration
        Lock icon Multi-faceted solo outings
        633 30  -  Home-grown chanteuse of nearly 20 albums, Kit Chan, self-releases a new clutch of songs while debut quartet Cheating Sons come out of nowhere with an edgy brand of S-rock, writes CHRISTOPHER LIM Re-interpreting Kit Chan Rating: A- THE homogeneity of the pop music world means that artists
        633 words
      • Article, Illustration
        Lock icon Evening news gone awry
        621 30  -  Call of Duty: Black Ops Rating: B+ Call of Duty: Black Ops First Strike Rating: B+ GAMING REVIEW By CHRISTOPHER LIM WAR video games set in the modern world naturally have an air of realism that’s missing from overtly fictionalised science fiction and fantasy settings. Call
        621 words
      • Article, Illustration
        Lock icon Trio rev up for debut gig here
        484 30  -  By DYLAN TAN LIFE on the road can take its toll on a band. Just ask the Gallagher brothers, whose fractious relationship reached tipping point one evening backstage that culminated in a broken guitar. The fracas also led to the demise of Oasis.
        484 words
    • CINEMA
      • Article, Illustration
        Lock icon At a loss for words
        672 31  -  Colin Firth plays a king under the lash of a private demon with regal restraint, writes GEOFFREY EU THE King’s Speech is the latest in a distinguished line of costume dramas that British filmmakers excel at, combining a compelling story with a superior script, sumptuous
        THE WEINSTEN COMPANY  -  672 words
      • Article, Illustration
        Lock icon Meaty servings in Winter’s Bone
        446 31  -  By KENNETH TAY HARDLY anything excites audiences more than a good old-fashioned family melodrama. Throw in a crime-family “Sopranos” style, a rural American setting, a community of hillbillies cooking out “crank” (methamphetamine) from their trailer homes and you’ve got Debra Granik’s Winter’s Bone. The screen
        LIONSGATE FILMS  -  446 words
      • Article, Illustration
        Lock icon Hannibal in priest’s clothing
        431 31  -  By KENNETH TAY “WHAT she needs is a shrink, not an exorcist,” exorcist-in-training Michael Kovak (Colin O’Donoghue) tells his mentor, Father Lucas (Anthony Hopkins) cynically after a gruelling session of expelling the demon out of a possessed young mother. Scepticism drives the plot of Mikael Hafstrom’s
        WARNER BROS  -  431 words
      • Article, Illustration
        Lock icon Old-school SFX is a stunner
        410 31  -  BLU-RAY REVIEW By CHRISTOPHER LIM IT IS often fashionable to dismiss movie special effects as shallow eye candy that’s peripheral to the plot, but the special effects of The Sorcerer’s Apprentice starring Nicolas Cage, Alfred Molina and Monica Bellucci are a big highlight. That’s because
        410 words
      • Article, Illustration
        Lock icon Sex, drugs and ballet
        542 31  -  By DYLAN TAN STAGE fright has strange ways of manifesting itself. Some performers flub their lines, others have nightmares of waking up naked onstage in front of their audience. For ballerina Nina Sayers (Natalie Portman in award-winning form), she turns her own life into a living
        TWENTIETH CENTURY FOX  -  542 words
    • Article
      Lock icon LOVE WORKS
      33 32 With Valentine’s Day just around the corner, BT speaks to five couples bitten by both the love and business bugs, and finds out how they juggle their professional and private lives
      33 words
    • Article, Illustration
      Lock icon No business at bedtime
      477 32  -  By MELISSA LWEE Cheryl Gan and Low Cheong Yew Mt Sapola YOU could say that the entrepreneurial spirit runs in Cheryl Gan and LowCheongYew’s family. In 2007, Low was the co-founder of the already successful local hardware chain Home-Fix. But not content to rest on his
      YEN MENG JIIN  -  477 words
    • Article, Illustration
      Lock icon High kicks and kisses par for course
      531 32  -  By MELISSA LWEE Mark Ong and Sue-Anne Lim Royalefam DESIGNER Mark Ong may have founded the cult-favourite SBTG an artist brand that specialises in customising sneakers but like every successful man, he has his wife Sue-Anne Lim behind him for support. “Mark had
      PHOTO: SODA  -  531 words
    • Article, Illustration
      Lock icon Pangdemonium reigns
      400 32  -  By AUDREY PHOON Adrian and Tracie Pang, Pangdemonium Productions MOST couples’ liaisons involve getting Closer and doing The Full Monty (not necessarily in that order). But Adrian and Tracie Pang’s relationship is taking that to a whole new level…the stage-high level, that is. Last year, the pair of
      PANGDEMONIUM PRODUCTIONS  -  400 words
    • Article, Illustration
      Lock icon Marriage of strengths
      467 32  -  By AUDREY PHOON Violet Lim and Jamie Lee Lunch Actually FOUNDERS of dating agency Lunch Actually, Violet Lim and Jamie Lee, have conceived more than just children in their bedroom it’s where they’ve also come up with more than a few business ideas. Says Lim: “The sofa
      467 words
    • Article, Illustration
      Lock icon Beautiful together
      436 32  -  By AUDREY PHOON Lim Hock Hin and Clara Lee, Clariancy Private Limited LIM Hock Hin and Clara Lee are two people in a beautiful marriage, but that’s not all their marriage has also become a partnership that helps make people beautiful. Last June, the couple who have been
      PHOTO: CLARIANCY  -  436 words
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      41 28 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY PRIME TIME As more Indian expats enter Singapore's property market, the focus is on the prime districts w NAMES PLAY THE NUMBERS GAME GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)
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      324 28 CRYPTIC CROSSWORD Across 1 World Cup-winning footballer fades (6) 4 Fine porcelain gives cheer to unpleasant place (8) 10 Many questions make this degree a poor one (5) 11 Work in factor for flight to Gretna? (9) 12 Composer ignores a Green artist (2,5) 13 Crew cut back with extravagance
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      188 29 ENJOY SPECIAL RATES AT ASCOTT SERVICED RESIDENCES IN KUALA LUMPUR SPECIAL RATES STARTING FROM MYR270* Indulge in chic city living when you visit Kuala Lumpur from now until March 2011 and enjoy special rates at Ascott Kuala Lumpur and Somerset Seri Bukit Ceylon. Located within the heart of the city,
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