The Business Times, 23 February 2011

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Total Pages: 52
1 20 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfJl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, February 23,2011
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  • 511 1  -  By KALPANA RASHIWALA [SINGAPORE] CapitaLand is looking at $5-6 billion of new investments this year, after committing more than $6 billion towards new investments last year, the group’s president and CEO Liew Mun Leong said yesterday. This could include mergers and acquisitions
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  • 143 1 H ST INDEX 3,019.12 (-51.48) H ST INDEX FUTURES 3,019 (-52) HSIMSCI 356.40 (-5.95) HSIMSCI FUTURES 356.00 (-6.10) FOREX US$ S$ US$ (S$ per US$) 1.281 (US$/S$ per 1.615 2.069 EURO (US$/S$/E) 1.354 1.736 Foreign currency per US$ S$ YEN 83.20 65.00 RM 3.052 2.382 HK$ 7.791 6.080
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  • 1096 1  -  Libyan diplomats denounce their leader in a move that could mark beginning of the end for regime By MICHELLE QUAH [SINGAPORE] From their stations in capitals across the world, several Libyan diplomats spoke out against Libyan leader Muammar Gaddafi yesterday. Observers said that
    REUTERS  -  1,096 words
  • Page 1 Advertisements
    • 43 1 SPH AWARDS BT journalists win major gongs PAGE 2 COMPANIES Resorts World revenue pulls ahead of MBS PAGE 2 WHO’S WHO IN PRIVATE BANKING In a special supplement in BT today, private bankers talk about the challenges facing investors in 2011 *****1 *****4
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    • 117 1 EXECUTIVE MONEY Where are we in share investment cycle? PAGE Deutsche Bank db.com Bank of the Year 2010. We got to the top together with our clients. "The performance of the investment banking part of Deutsche, combined with equally sure-footed developments in areas such as retail and commercial banking and
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    • 11 1 TRANSPORT HUB Firefly sets up hubs in Johor, Sabah PAGE 22
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  • TOP STORIES
    • 619 2  -  But both IRs post similar earnings due to lower luck factor at RWS’ VIP business By GRACE LEONG [SINGAPORE] An increase in VIP or premium player volume helped Genting Singapore’s flagship casino Resorts World Sentosa snag higher revenues for the fourth
      BLOOMBERG  -  619 words
    • 517 2  -  By SIOW LI SEN [SINGAPORE] Inflation is blasting a hole in savings as depositors face negative interest rates but there’s nowhere to hide either in an increasingly risky environment. A $1 million fixed deposit placed in the bank 12 months ago is today worth $956,685,
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    • 604 2  -  By AMIT ROY CHOUDHURY [SINGAPORE] A focus on advanced technologies is expected to bring another bumper year for Singapore’s semiconductor industry. According to latest numbers released by the global industry body SEMI, semiconductor equipment manufacturing in Singapore is expected to go up by
      604 words
    • 267 2 Pictet-Absl Rtn Glo Cons-P EUR 18.02.2011 EUR 101,22 Pictet-Absl Rtn Glo Div-P EUR 18.02.2011 EUR 115,20 Pictet-Asian Equities Ex Japan-P USD 18.02.2011 USD 180,86 Pictet-Asian Local Currency Debt-P USD 18.02.2011 USD 137,04 Pictet-Biotech-P USD 18.02.2011 USD 309,08 Pictet-CHF Liquidity-P 18.02.2011 CHF 124,17 Pictet-Clean Energy-P USD 18.02.2011 USD 82,78
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    • 669 2  -  By FELDA CHAY [SINGAPORE] It is not uncommon to see BT reporter Jamie Lee staring hard at her computer late at night, often with a frown of concentration, working on stories that fight for the rights of minority shareholders, or containing market
      ARTHUR LEE  -  669 words
    • 390 2 Libya-linked stocks swoon as friends desert Gaddafi FROM their stations in capitals across the world, several Libyan diplomats spoke out against Libyan leader Muammar Gaddafi yesterday. The development could signal the end of his regime, observers said. Meanwhile, shares of Singapore companies exposed to Libya and the Middle
      390 words
    • 575 4 Meanwhile, housing prices fall sharply in Q4, after signs of life earlier in year LATEST US DATA Bloomberg AFP [WASHINGTON]Confidence among US consumers rose in February to the highest level in three years as Americans became more optimistic about their income and the
      Bloomberg; AFP  -  575 words
    • 919 4 Deadliest tremor in 80 years hits when streets were packed AFP AP Reuters, Bloomberg [CHRISTCHURCH] A powerful earthquake killed at least 65 people in New Zealand’s second biggest city of Christchurch yesterday, toppling buildings and crushing vehicles and leaving dozens trapped and screaming for
      AFP; AP; Reuters,; Bloomberg; Graphics adapted from AFP  -  919 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 263 3 http://www.kia-newoptima.com Ahead of its time. i m I $SS5oooo V* ALL-NEW OD^TTDEM]^ As you know, we've never been one to rest on our laurels. Rather, we prefer to wow you with The Power to Surprise™. So we decided to inject a little excitement into the two-litre sedan segment with the
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  • Page 4 Advertisements
    • 300 4 www.itshow.com.sg Join us at facebook MOW 10* h 13 th MARCH 2011 Sunteo Singapore Levels 0> 0> 0> 0 0 I.T DIGITAL MOBILE CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE WORTH WAITING FOR TZ3) COMING SOON! Plus Win 1st Prize Of S$20 9 000 CASH And Other Cash Prizes (ONE COUPON FOR
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    • 103 4 Asia's biggest electronics event «»H<TDC Hong Kong Electronics Fair (Spring Edition) 13-16 April 2011 Hong Kong Convention and Exhibition Centre Prime downtown location Over 2,300 quality exhibitors from 23 countries and regions Themed zone highlight: Hall of Fame Held concurrently with "HKTDC International ICT Expo" and "HKTDC Hong Kong International
      103 words

  • COMPANY NEWS
    • 963 5  -  It books much smaller portfolio gains in the quarter than in Q4 2009 5 KALPANA RASHIWALA PROPERTY giant CapitaLand yesterday posted a 41.1 per cent year-on-year drop in fourth-quarter net profit to about $552.1 million on the back of lower portfolio gains. It had booked
      963 words
    • 214 5 SINGAPORE Exchange (SGX), in partnership with Nasdaq OMX Group Inc, will be offering a comprehensive suite of tools and solutions designed to enhance corporate activities for listed companies in Asia, starting with South-east Asia and India. A joint announcement yesterday said
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    • 505 6  -  Profit jumps 76%, thanks to fair value gains on investment properties By EMILYN EMILYN YAP UOL Group, which posted a 7 6 per cent jump in full-year net profit, is planning to build a retail-fo-cused development at two recently bagged sites in Tanjong
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    • 470 6  -  The group also announces dividend of 2.5¢ per share By VEN SREENIVASAN INTERIORS and design specialist Kingsmen Creatives unveiled flattish full year profit growth but announced a generous dividend to mark its 35th anniversary. The mainboard company posted $15.1 million in earnings for the year ended
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    • 420 6  -  By JOYCE HOOI AFTER a round of mega-re-financing, PT Berlian Laju Tanker hinted yesterday that several more steps in the refinancing vein may soon follow in the coming weeks. The chemical tanker operator’s latest and biggest loan facility of US$685 million will be
      420 words
    • 859 6  -  HOCK LOCK SIEW By R SIVANITHY INVESTORS would be familiar with the principle of “caveat emptor” or “buyer beware”. In broad terms, it means that once all reasonable steps are taken to ensure a level playing field for all investors, those who
      859 words
    • 497 7  -  Revenue up 19%; shipbuilder plans to double production capacity By JOYCE HOOI YANGZIJIANG Shipbuilding (YZJ) turned in a record performance for its fourth quarter, posting a 30 per cent rise in quarterly net profit from 645.1 million yuan (S$125.4 million) to 838.1 million yuan. Revenue
      497 words
    • 426 7  -  Revenue up 33% to record $3.86b By JOYCE HOOI COSCO Corporation (Singapore) has more than doubled its full-year net profit from $110.1 million to $248.8 million. Revenue for the 12 months ended Dec 31, 2010, surged 33 per cent, from $2.89 billion to a
      426 words
    • 372 7  -  By UMA SHANKARI PROPERTY and construction group Chip Eng Seng reported a 24.4 per cent climb in net profit to $38.8 million for the fourth quarter of 2010, from $31.2 million a year ago. The increase was mainly due to better gross profit
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    • 219 7  -  By SEAN TAN FORMER personal computer maker IPC Corporation has embarked on a fourth condominium project in Japan, buying a piece of land in Tsukimino that comes with development plans. The Tsukimino project will see the development of a six-storey 38-unit condominium development.
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    • 220 7  -  By MAXIE AW YEONG FOOD and beverage company Del Monte Pacific Limited yesterday announced a fourth-quarter net profit of US$14.6 million more than three times that of US$3.92 million a year earlier. The net profit for full-year 2010 climbed 39.5 per cent
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  • Page 5 Advertisements
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  • Page 6 Advertisements
    • 119 6 L What's more, I can get funding support and more productive employees! *a*. El r GM, HR ft General Affairs Mitsui Electronics Asia Pte Ltd Ms Anuradha Naik Human Capital Manager Coca-Cola Singapore Beverages Pte Ltd orkfare m Work Train A Better Tomorrow With Workfare, employers of low-wage workers can
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  • Page 7 Advertisements
    • 230 7 Symrise Asia Pacific Pte Ltd announces symrise always inspiring more. the launch of EVODRY™ in Singapore STAY VITAL BE NATURAL™ JUST ENJOY GET EXCITED Stay Vital offers solutions for a great taste profile in products that deliver active benefits and help maintain a healthy lifestyle. Lighten Up is about maintaining
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  • SINGAPORE MARKETS
    • 562 8  -  ST Index loses a hefty 51 points for the day and 171 points for the year to date STOCKS R SIVANITHY Senior Correspondent IT WAS third time unlucky for the local stock market yesterday investors managed to shrug off regime changes in Egypt and Tunisia, but
      Source: Bloomberg  -  562 words
    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 12 3 0 0 0 3 12 3 Manufacturing 12 147 41 1 8 14 13 155 55 Commerce 8 44 19 0 7 8 8 51 27 Tpt/Stor/Comms 2 38 3
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    • BROKERS’ TAKE
      • Article, Illustration
        302 8 Feb 22 close: S$1.95 CIMB Research, Feb 22 HYFLUX has been awarded a concession in China to develop and operate a wastewater treatment plant in Zunyi city. The water treatment group, through its subsidiary in China, will develop the project on a build-own-transfer basis. It will be responsible for
        Source: Bloomberg  -  302 words
      • 466 8  -  Feb 22 close: S$2.30 OCBC Investment Research, Feb 22 Compiled by CONRAD TAN STRAITS Asia Resources reported its FY2010 results on Monday with earnings of US$88.2 million, beating both our US$84.8 million forecast and the consensus estimate of US$82.9 million. This represented a 33.9 per cent decline
        466 words
      • 137 8 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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    • 123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 44,414 44,414 96,644 96,644 Manufacturing 491,700 51,833 543,533 283,833 1,633 285,466 Commerce 256,268 10,596 266,864 258,959 1,316 260,275 Tpt/Stor/Comms 155,113 6,570 161,683 239,332 1,281 240,612 Finance 37,720 33 37,753 196,836 5 196,841 Construction 136,792 42,306
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    • 114 8 Stock name Close Change CapMallsAsia 1.830 -0.030 CapitaLand 3.290 -0.070 CapitaMall 1.800 -0.020 CityDev 10.620 -0.280 ComfortDelGro 1.530 -0.020 DBS Grp 14.260 -0.220 F&N 5.720 -0.180 Genting SP 1.980 -0.020 Golden Agri 0.640 -0.015 HK Land 6.390 -0.300 JMH 45.860 +0.060 JSH 27.920 -0.320 Jardine C&C
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    • 467 8 CURRENCIES Reuters [LONDON] The euro fell yesterday while the dollar rallied broadly, after escalating political tension in Libya prompted selling in higher-yielding assets for the safety of the US currency and also the Swiss franc. The New Zealand dollar hit a near
      Reuters; REUTERS  -  467 words
    • 4 8 DAILY
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    • 63 8 Feb 22 VALUE CLOSE BT OB/OS -1240.00-453.00 BT CADI -*****.00-433.00 BT 10-day MA -*****.00-124.00 FTSE ST Mid Cap 748.86 -18.28 FTSE ST Small Cap 546.49 -23.28 FTSE ST All Share 746.03 -14.73 FTSE ST China Top 266.33 -11.60 FTSE ST China 298.46 -9.74 FTSE ST Catalist 1090.10
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    • 57 8 VOLUME NexGenSCom 127,158,000 Genting SP 102,958,000 China Hongxing 86,325,000 Sapphire 85,482,000 Golden Agri 58,180,000 *Genting HK US$ 49,943,000 Olam 45,566,000 TopGlobal 41,630,000 GMG Global 41,245,000 MDR 39,899,000 VALUE($) Genting SP 204,862,340 Olam 123,366,760 DBS Grp 66,869,640 Keppel Corp 57,950,800 OCBC Bk 52,054,810 SingTel 49,702,010 NOL 45,742,140 CapitaLand
      57 words
    • 122 8 BY CENTS CLOSE UP DBXT S&P Short 10US$ 4276 74.3 1.4 DBS Bk 6% NCPS 10 ***** 58.0 0.57 OCC 5.1% NCPS 100 ***** 24.0 0.2 Lyxor India Nifty 10 1558 12.0 0.8 JMH 4586 7.7 0.1 SIMSCI370MBePW*****1 37.5 7.5 25.0 Lyxor Cmdty 10US$ 337 6.4 1.5 STI 3100BNPePW*****0
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    • 123 8 CENTS CLOSE DOWN DBXT FTVietnam 10US$ 3318-184.4 -4.2 DBXT Nifty 10US$ *****-170.4 -1.1 DBXT MSKorea 10US$ 5709-161.4 -2.2 DBXT SPASX200 10US$ 3485-115.3 -2.5 Jardine C&C 3344 -92.0 -2.7 DBXT MSEurope 10US$ 4760 -58.9 -1.0 Lyxor China H 10US$ 1584 -58.9 -2.8 GLD 10US$ ***** -51.2 -0.3 DBXT CSI300 10US$
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    • 5 8 DAILY
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  • SINGAPORE NEWS
    • 487 9  -  It is becoming more attractive than HK to rich people from China and region By CONRAD TAN SINGAPORE is set to become the “Switzerland of Asia”, a major private banking centre that attracts wealth from across the Asia-Pacific, according to HSBC’s top
      487 words
    • 443 9  -  Nail down also how productivity funds change behaviour By TEH TEH SHI NING WHILE Budget 2011’s measures show a positive commitment to long-term economic restructuring and raising real wages, panellists at a forum yesterday voiced concern over how some businesses may feel more pain,
      443 words
    • 254 9 BUDGET reactions gathered by the government’s feedback portal showed that the most hotly debated issue was “sharing the fruits of growth”, which accounted for one-third of all feedback. According to Reaching Everyone for Active Citizenry@ Home (Reach), the majority of contributors supported
      254 words
    • 322 9  -  By JOYCE HOOI WHILE superyachts have been hogging the headlines lately, their smaller brethren need space, too. The Republic of Singapore Yacht Club (RSYC) is embarking on a $9 million expansion project, that will see it triple its dry berth-space for boats
      322 words
    • 542 10  -  It has been waiting for Apple to come up with a better policy for publishers By FELDA CHAY THE renewed popularity of tablet PCs presents a lifeline for the newspaper industry to survive in the digital age, but key to the equation is
      542 words
    • 414 10  -  Engineers will also be in demand: Robert Walters By CHUANG PECK MING A STRONG pick-up in the economy started a war for talent last year, as companies battled to attract and retain staff. The war has continued into 2011 but its intensity is
      414 words
    • 370 10  -  By UMA SHANKARI THE Housing Development Board (HDB) has launched another two residential sites a condominium plot at the junction of Bendemeer Road and Whampoa East, and an executive condominium (EC) site at Tampines Central 7 for sale. Both sites are from the
      370 words
    • SINGAPORE ROUNDUP
      • 135 10 SOME 2.35 million Singaporeans will be eligible to vote in the coming general election, according to the latest count in the Registers of Electors. The Elections Department said that the registers for all 23 electoral divisions were certified yesterday. The Register of Electors are open
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      • 65 10 FROM March 14, students from the Nanyang Technological University (NTU) will be able to job-hunt through the university’s first ever virtual career fair, called the NTU iFair. This will feature online live chats with participating employers at selected hours. Besides the iFair, there
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      • 42 10 JAPANESE diversified materials manufacturer Nitto Denko will be expanding its Nitto Denko Asia technical centre in Singapore. The expansion will include a prototyping centre, which will be incubated at A*Star’s Institute of Materials Research and Engineering.
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  • Page 9 Advertisements
    • 188 9 BUSINESS HAS A NEW CENTRE 1 .-..-A i. vs. Jfr' 3St mm i LJ K I i: I ML v V V V V mam WE! > n>r* a- v -v S-^.'T Many of the world's best businesses now call the new Mapletree Business City home. This modern business hub
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  • Page 10 Advertisements
    • 105 10 BOOST YOUR RETAIL CAREER national WITH A NATIONAL RETAIL SCHOLARSHIP! Applications for the NATIONAL RETAIL SCHOLARSHIPS (NRS) 2011 are now open to retail professionals for the following programmes: Diploma in Retail Management BA (Hons) in Retail Marketing MBA in Retailing For more information about the National Retail Scholarship programme, including
      105 words

  • MALAYSIA/INDONESIA
    • 681 11  -  Some influential state-owned minorities likely to assent to the deal By S JAYASANKARAN in Kuala Lumpur MINORITY shareholders of Plus Expressways are expected to vote in favour of a bid by UEM Group and the Employees Provident Fund (EPF) to privatise the highway
      681 words
    • 477 11 Bloomberg [KUALA LUMPUR] Mah Sing Group Bhd, the Malaysian developer that spent the most on land acquisitions in 2010, said it may pay more than RM1 billion (S$420 million) for new sites this year as the fastest growth in a
      Bloomberg  -  477 words
    • 445 11 Reuters [JAKARTA] Palm oil output at Bakrie Sumatera will jump by nearly 25 per cent this year, while its plantation estates will expand by an additional 5,000 hectares, the company said. The strong production rise is due to some plantations coming into
      Reuters; REUTERS  -  445 words
  • Page 11 Advertisements
    • 353 11 YOUR SMART BROKER connected monitors your investment with minimizable desktop widget and multi-tasking POWERFUL PROFESSIONAL POWER E*TRADE PRO 5.0 brings you an improved and enhanced U.S. trading experience. I +3.45 (+1.12%) 345,952,001 Minimizable Real-time Widget LATEST RESARCH Free S&P Research Reports and Market News COMMISSION FROM AS LOW AS US$9.99
      353 words

  • ECONOMY WATCH
    • 621 12 Emerging-market stocks on the wane as BRIC nations battle inflation while US equities rally Bloomberg [HONG KONG] Stocks in developed countries are rising the most since 1998 while emerging markets slump, a sign that the US is returning to its role as the
      Bloomberg  -  621 words
    • 635 12 Bloomberg [MADRID] The total exposure of Spanish savings banks to real estate and building amounts to 217 billion euros (S$378 billion), of which 100 billion euros is classed as “potentially problematic”, the Bank of Spain said. The banks, known as
      Bloomberg; AP  -  635 words
    • 528 12 Some commodity exporters seen as outperformers Reuters [LONDON] Record-high commodity prices have spurred a broad retreat from emerging markets but some investors are bucking the trend, sifting through these economies in search of selective winners from the rising cost of foodstuffs. Dwindling
      Reuters; FILE PHOTO  -  528 words
    • 256 12 Reuters [BRASILIA] Brazil’s economy will pick up speed in 2012, the country’s president said on Monday, in a tacit acknowledgment that growth this year could hit speed bumps after a strong performance last year. “We know that the year of 2012 will be a
      Reuters  -  256 words
  • Page 12 Advertisements
    • 264 12 STANFORD NUS NUS GRADUATE SCHOOL OF BUSINESS National University BUSINESS of Singapore SCHOOL STANFORD-NUS EXECUTIVE PROGRAM IN INTERNATIONAL MANAGEMENT 13-27 AUGUST 2011 Real-World Strategies For Global Business. This program presents a unique opportunity to immerse in the vibrant cultures of two of the world's most respected institutions; one renowned for
      264 words

  • INDIA
    • 455 13 Reliance Industries has doubled its cash to US$14b Bloomberg [NEW DELHI] Reliance Industries Ltd, India’s biggest company by market value, may add overseas energy assets after doubling its cash to US$14 billion through the sale of stakes in domestic oil blocks to BP
      Bloomberg  -  455 words
    • 608 13 Their reputation is pummelled by murky political ties and corruption cases Reuters [NEW DELHI] The reputation of India’s titans of industry, once seen as invincible, even heroes, has taken a beating over a rash of graft cases, and with it has come the
      Reuters; REUTERS  -  608 words
  • Page 13 Advertisements
    • 247 13 PT BERLIAN LAJU TANKER Tbk Having registered office in Jakarta, Indonesia (“Company”) ANNOUNCEMENT TO ALL THE SHAREHOLDERS This is to inform the Shareholders of the Company that Extraordinary General Meeting of Shareholders (the “EGM”) shall be held on Friday, 1 April 2011 in Jakarta (“Meeting”). The Notice for the Meeting
      247 words
    • 183 13 Emerging l* Enterprise Make your business glow with Emerging Enterprise Award 2011 L da Be one of the top three to empower your business with coveted prizes A leading solutions provider in customised optics in the wide market segment including mobile telecommunications, LED optics, biometric sensing, optical touch screen and
      183 words

  • GREATER CHINA
    • 628 14 Beijing wants them to factor in higher risk weightings on loans to local govts Bloomberg [SHANGHAI] China has told banks to recalculate their capital levels by March 31 to account for higher risk weightings on loans to local governments, two people with knowledge
      Bloomberg  -  628 words
    • 631 14 Bloomberg [SINGAPORE] Drought in north China, the world’s largest wheat grower, may cause significant losses to grain supplies this year, prompting increased imports and tightening global supplies, according to Weather Trends International. The driest weather in at least 50 years in the nation’s wheat-growing
      Bloomberg; AP  -  631 words
    • 400 14 Reuters [HONG KONG] The pace of the yuan’s convertibility may accelerate as global demand grows for trade settlement in the Chinese currency, a Chinese central bank official said. “If you look at the history and the progress of international use of our renminbi (yuan),
      Reuters; XINHUA  -  400 words
    • 530 14 AP [BEIJING] China’s banks and other top state companies will be required to hand over more profit to the government, a Cabinet official said yesterday, as Beijing shifts resources to encouraging consumer spending and small businesses. The change is part of
      AP  -  530 words
  • Page 14 Advertisements
    • 37 14 This announcement appears as a matter of record only. S$320,000,000 2.0225% Notes due 2016 issued under HDB’s S$7,000,000,000 Medium Term Note Programme Joint Lead Managers Australia and New Zealand Banking Group Limited CIMB Bank Berhad February 2011
      37 words

  • WORLD
    • 676 15  -  Agency cites lack of stability at highest levels of govt for rating cut By in ANTHONY ROWLEY in Tokyo RATING agency Moody’s Investors Service yesterday lowered the outlook on its rating of Japan’s government debt from stable to negative, with an executive of the
      676 words
    • 857 15 Modest buying of Reit shares may help stamp out deflation Reuters [TOKYO] For the mere sum of US$55 million, Japan’s central bank has lit a spark under the property market that if sustained could help the authorities in their prolonged battle with deflation. When
      Reuters; REUTERS  -  857 words
    • 407 16 The world’s largest retailer has lost customers to dollar stores Reuters [CHICAGO] Wal-Mart Stores Inc posted its seventh consecutive quarterly drop in sales at existing US stores and said it will take some time to turn around sales in that unit. The world’s
      Reuters; REUTERS  -  407 words
    • 726 16  -  MIDDLE EAST UNREST By MICHELLE QUAH “THE mystique of (Muammar) Gaddafi is fading,” says Middle East Institute director Michael Hudson of the crumbling Libyan regime. It is a mystique an aura of invincibility painstakingly built up by the flamboyant leader, who fancies himself the Che
      726 words
    • 475 16 S&P has lowered Bahrain’s sovereign credit rating Reuters [DUBAI] Revolts in the Arab world may prompt investors to cut exposure in wealthy Gulf oil producers in the short term but more stable countries such as the United Arab Emirates (UAE) and Qatar may
      Reuters  -  475 words
    • 401 16 NYT [BRUSSELS] Two days of meetings of European Union (EU) ministers meant to address broad themes of change in the Middle East were dominated by short-term issues, particularly the possibility of increased migration from North Africa if regional unrest grows.
      NYT  -  401 words
    • 373 16 AP [ATHENS] They blockade highway toll booths to give drivers free passage. They cover subway ticket machines with plastic bags so commuters can’t pay. Even doctors are joining in, preventing patients from paying fees at state hospitals. Some call it civil disobedience. Others
      AP  -  373 words
    • 583 17 Move comes as rival oil giants and China race for energy deals in N America Reuters [SYDNEY/MELBOURNE] BHP Billiton is buying shale gas assets from Chesapeake Energy Corp for US$4.75 billion, pitting itself for the first time against oil giants and
      Reuters; REUTERS  -  583 words
    • 582 17 Tourism revenue is cut by some US$500m since Christmas AP [SYDNEY] Dream holiday destination Queensland has a new nightmare. The flood waters have receded, the cyclone’s fury is long spent the welcome mat is out again. But tourists are staying away in
      AP  -  582 words
  • Page 15 Advertisements
    • 562 15 ESPLANADE PRESENTS Jazz up your evenings it Mosaic with... 5 MUSIC FESTIVAL SINGAPORE •A 11-20 Mar 2011 13 Mar Sun, 7.30pm, Esplanade Concert Hall 11 Mar Fri, 9.30pm 13 Mar Sun, 7.30pm Mosaic Studio (Esplanade Recital Studio) Michel Camilo I] The Bad Plus Wftma m A II The Bad Plus
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  • Page 16 Advertisements
    • 960 16 WAT>i NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TRAN-QUILL SCRIBES PTE LTD COMPANY REGISTRATION NO. *****3715D (IN VOLUNTARY LIQUIDATION) FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308(1) of the Companies Act, Cap. 50, a Final Meeting of the Members
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  • Page 17 Advertisements
    • 315 17 LUAUK WINE DINE AND HOSPITALITY UNITED PLATES OF AMERICA A New World Order is brewing at 10 at Claymore, with specially-imported LIS meats taking control of Plates of Pleasure. Seize die moment and feast on succulent meats, such as IS Angus Beef Tenderloin, US Oven-Roasted Rack ojLamb and 'JS Berkshire
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  • EDITORIAL & OPINION
    • 496 18 EDITORIAL LIKE dominoes, regimes in the Middle East are toppling. Popular frustrations with political repression and economic hardship, pent up for decades, have finally bubbled up into open revolt. The uprisings, which started in Tunisia and unseated its president Zine al-Abidine Ben Ali in
      496 words
    • 789 18  -  THE BOTTOM LINE YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT THE annual budget to be presented this week by Finance Minister Pranab Mukherjee is going to be constrained by three economic realities. Inflation, especially in food and
      789 words
    • 998 18  -  Tokyo wants US$120b CMIM to be expanded to cope with any outflow of funds from Asia ANTHONY ROWLEY Tokyo Correspondent WITH political turmoil in the Middle East dominating headlines, it is understandable that other developments would be pushed to the sidelines. But
      REUTERS  -  998 words
    • 1060 19  -  An agreement needs to be reached by March 4; if not, the federal government will run out of money and will shut down LEON HADAR Washington Correspondent EGYPTIAN supporters of trade union protesters in Wisconsin have been calling Ian’s Pizza in Madison, the state
      AFP  -  1,060 words
    • 861 19  -  WILLIAM PESEK JR William Pesek is a Bloomberg News columnist. The opinions expressed are his own INVESTORS of the world, unite and buy Australian bank debt. Why? Moody’s Investors Service suggests you shouldn’t. Really, in our post-US-crisis world, is there a better contrarian
      AP  -  861 words


  • TransportHUB
    • 845 20  -  It looks like shippers will have to hire guns or ships will have to sail around Cape of Good Hope STRAIT TALK By DAVID HUGHES IT is only a month or so since piracy last featured in this column, but since then what was
      845 words
    • 465 20 Bloomberg [LONDON] Frontline Ltd, the world’s biggest supertanker operator, may return to profit this quarter after its biggest loss since 2002 as oil demand from China curbs a glut of vessels that sent freight costs to a 13-month low. Frontline yesterday posted a bigger-than-expected
      Bloomberg  -  465 words
    • 488 20 Reuters [SYDNEY] A cyclone bearing down on Western Australia yesterday has left iron ore shipments from the world’s top exporter at a near standstill as ports shut ahead of the storm. Two of the world’s largest iron ore terminals at Port of
      Reuters; REUTERS  -  488 words
    • 385 20 Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, fell on Monday for the first time in two weeks as cargo activity slowed and vessel availability increased. Brokers said the earnings outlook was
      Reuters  -  385 words
    • 278 20 SGX '000 Feb 22 S$ +/-Vol CH Offshore 0.48 -0.01 480 Chuan Hup Hldg 0.25 unch 257 Cosco Corp 2.02 -0.09 ***** CWT Ltd 1.21 -0.06 6791 Ezra Hldgs 1.57 -0.06 6246 First Ship Lea 0.42 -0.02 1773 Freight Links 0.07 unch ***** Grand Banks unch unch 0
      278 words
    • SEA ASIA 2011
      • 1213 21  -  TCC Group’s Kenneth Koo talks to VINCENT WEE about the factors affecting the market and the prospects this year VINCENT WEE THE dry bulk trades are generally thought of as the old-school, unsexy parts of the shipping world which transport basic raw materials
        REUTERS  -  1,213 words
    • TRANSPORT HUB: AVIATION
      • 580 22  -  Higher fuel prices caused by turmoil may translate to extra cost burden By VEN SREENIVASAN ASIA-PACIFIC airline stocks have dived amid continuing turmoil in the Middle East, which has sent oil prices surging to two-year highs. Singapore Airlines shares fell 2.4 per
        580 words
      • 584 22  -  Budget airline aims to leverage on Iskandar’s growth B y PAULINE NG in Kuala Lumpur MALAYSIA Airlines’ budget carrier Firefly has announced two new hubs, Senai in Johor and Kota Kinabalu in Sabah, in the second phase of its jet expansion programme. Flights
        FILE PHOTO  -  584 words
      • 3370 22 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 Ahmedabad NH6293 0710 SQ531
        3,370 words
      • 348 22 AP [WASHINGTON] Even by Pentagon standards, it’s an eye-popping prize: a US$35 billion contract to build nearly 200 giant airborne refuelling tankers. And the decade-long brawl by two defence industry titans to win it has been just as epic. In a matter of weeks
        AP  -  348 words
      • 550 22 Reuters [MADRID] International Airlines Group (IAG), formed by the merger of British Airways (BA) and Iberia, will look to buy out smaller European carriers before pursuing major deals further afield. IAG boss Willie Walsh said that BA and Iberia had drawn up a shortlist
        Reuters  -  550 words
    • TRANSPORT HUB: LAND
      • 682 23 Fund manager cites plan to spend US$120b yearly on railway construction Reuters [AMSTERDAM] Europe’s fifth-biggest fund manager, DWS, sees China’s rail sector as offering major growth opportunities for investors within the infrastructure sector, a manager of its infrastructure-themed fund said. The Chinese government plans
        Reuters; AP  -  682 words
      • 325 23 Spending may top A$4.3b by 2020, says consulting firm Reuters [HONG KONG] Australia is expected to be a major market for electric vehicles (EVs), with private spending in the sector likely to exceed A$4.3 billion (S$5.5 billion) by 2020, a top executive at
        Reuters  -  325 words
      • 373 23 AFP [AHMEDABAD, India] An Indian court yesterday convicted 31 people on conspiracy and murder charges over a deadly train fire in 2002 that triggered an-ti-Muslim rioting in which 2,000 people were killed. The unrest, some of the worst religious violence in India
        AFP  -  373 words
      • 475 23 AFP [FRANKFURT] The German luxury carmaker BMW unveiled on Monday its long-awaited new brand, BMW i, with two new models to be equipped with electric and hybrid drive systems from 2013. The group is also creating a venture capital unit to offer mobility services
        AFP; BLOOMBERG  -  475 words
  • Page 20 Advertisements

  • Page 21 Advertisements
    • 528 21 Principal Sponsors DnBNOR Organisers Seatrade* 127 In Print Q At Events 12-14 April 2011 Marina Bay Sands® Singapore THE ASIAN VOICE IN Over 50 Industry experts have been lined up to take stock and examine the effects of the past few difficult years and see where we are heading next.
      528 words

  • Page 22 Miscellaneous
    • 300 22 CRYPTIC CROSSWORD Across 2 Teachers’ union? (5,7) 8 Cats and dogs go back for a short walk (4) 9 No council tax here in Sierra Leone (8) 10 Defrock in purest confusion (8) 11 Fruity goddess seen in river by which Lisa resides (6) 12 Service court review holds attraction
      300 words

  • Page 23 Advertisements
    • 24 23 Rise in bank lending rates makes it harder for Chinese firms to borrow 贷中向 To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      24 words
    • 85 23 LU m a IN \l\ n\ Sup Title Natas Travel 2011 Spring Sensations Holiday Fiesta Travel Malaysia May 2011 Value Vacations Natas Holidays 2011 Autumn Delights Travel Malaysia Nov 2011 Unliclav Escapades (ST&ZB) Feb 24 25 Mar 22 24 Apr 12 14 May 13 14 (New) Jul 12 14 Aug
      85 words
    • 724 23 NOTICES In The Matter Of The Companies Act, Cap.50 And In the Matter of FSERV PTE. LTD. (f.k.a. Sentryi Marketing Pte. Ltd.) (Co. Reg. No.*****5187E) (In Creditors’ Voluntary Liquidation) Extract of the minutes at the Extraordinary General Meeting of members of the company convened and held at 13A Mackenzie Road,
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  • FOCUS: JAMES MURDOCH
    • 2681 24 James Murdoch is trying to succeed at the company his father built, but he is a very different character NYT [LONDON] ON A night in late January when he should have been in the Swiss village of Davos, James Murdoch went to dinner here with his
      NYT; PHOTOS: REUTERS, AFP, BLOOMBERG; AFP  -  2,681 words

  • SINGAPORE STOCKS
    • 9158 25 Transaction date: Feb 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 21 14.5 3148 8Telecom 18 -0.5 393 18 18 17.5 18 1.7 10.1 5.8 86.2 12 4.5 5834
      9,158 words
    • 1751 26 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 4.5 4.5 5 25 4.3 225 130 6222 t APStrategic 164 153 163 97.3 2 0.5
      1,751 words
    • 9490 26 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
      9,490 words
    • 850 26 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 $mil 124 108 6389 ABF SG Bond ETF 110 109 111 502.1 1070 761 CIMBAsean40 100US$ US1014 960 1014 40.6 350 270 DBS STI ETF
      850 words
    • 258 26 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 $mil 56 38 6000 AVJennings A52.5cd unch 10 52.5 52.5 52.5 56 3.6 6.7 4.2 136.7 55 16 6017 Genting HK US$ US37.5 -3 ***** 40
      258 words
  • Page 25 Advertisements
    • 66 25 FRANCK MULLER BOUTIQUE 01-07 ION ORCHARD (65) 6509 3380 B1-19 THE SHOPPES AT MARINA BAY SANDS (65) 6634 8825 SINCERE FINE WATCHES NGEE ANN CITY (65) 6733 0618 LUCKY PLAZA (65) 6737 4593 SUNTEC CITY (65) 6337 5150 THE SHOPPES AT MARINA BAY SANDS (65) 6634 9782 VIVOCITY (65) 6278
      66 words


  • FINANCE & COMMODITIES
    • 374 27 In local curr In S$ In US$ dy yr dy yr dy yr Feb 21 Index Change Change Change Change Change Change World Index Preliminary 948.9 -0.4 5.7 -0.2 5.7 -0.3 6.1 EAFE Preliminary 837.6 -0.9 4.6 -0.6 4.9 -0.7 5.3 Europe Preliminary 1214.9 -1.3
      374 words
    • 182 27 Feb 22 Feb 22 $S Offer Bid 0vernight 0.01 par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.08 US$ Offer Bid 7 days 0.33 0.23 1 month 0.38 0.28 2 months 0.43 0.33 3 months 0.46 0.36 6 months 0.60 0.50 9 months 0.80
      182 words
    • 22 27 Feb 22 S$ Bid Offer 1-month 1.2807 1.2817 2-months 1.2804 1.2815 3-months 1.2802 1.2813 6-months 1.2795 1.2806 Source: OCBC
      22 words
    • 121 27 Feb 22 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.328 1.253 Can dollar 1.324 1.274 Euro 1.778 1.71 Sterling pound 2.11 2.029 NZ dollar 0.994 0.947 US dollar 1.297 1.248 Local dollars to 100 units of foreign
      121 words
    • 27 27 Feb 22 Open High Sett STI Feb 3019 SIMSCI Feb 361.8 361.8 356.0 Taiwan Feb 314.3 314.5 307.8 Source: MF Global (S) Pte. Ltd
      27 words
    • 65 27 Feb 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 11 3745 3737 3755 3717 1636 6281 Apr 11 3730 3718 3751 3690 3640 ***** May 11 3679 3669 3704 3639 ***** ***** Jun 11 3625 3625
      65 words
    • 466 27 Feb 22 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.6675 0 4327 Jun11 99.6000 0 2157 Sep11 99.5050 0 3614 Dec11 99.3250 0 603 EUROYEN TIBOR FUTURES Mar11 99.6600 0 5306 Jun11 99.6450 0 972 Sep11 99.6400 99.6400 99.6400 99.6325 0 786 Dec11 99.6175 0
      466 words
    • 134 27 Feb 22 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 11 639.9 639.9 639.9 8 Apr 11 638.0 May 11 637.0 Jun 11 636.0 Jul 11 634.0 Aug 11 628.5 Sep 11 621.5 Oct 11 615.0 615.0 618.0
      134 words
    • 79 27 Feb 22 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 26.05.2011 0.33 0.29 0.29 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 102.45 5-Year N*****0S 2.875 01.07.2015 107.20 10-Year NY*****N
      79 words
    • 107 27 Feb 18 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 11 1368.00 1404.50 1410.00 1361.50 May 11 1381.00 1416.50 1421.25 1373.00 Jul 11 1389.00 1423.75 1429.00 1380.75 Aug 11 1374.00 1408.00 1412.25 1371.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 11 56.49
      107 words
    • 77 27 CRUDE OIL PRODUCTS Feb 21 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 105.04 2.11 WTI (Near Mth) 91.28 5.16 Dubai (1-Mth F) 100.79 1.86 Tapis blend 109.15 1.90 Minas 105.25 1.90 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 97.11 1.94 Jet Kerosene 120.65 1.85 US$/barrel Opec Oil
      77 words
    • 2660 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 24 -2 175 1 10 5 1.35 57 6221 Asia-Pacific Strat W*****6 32 0.5 1 1 150 11 5.13 39 6227 ASJ W*****1 3 1 4
      2,660 words
    • 464 27 Feb 22 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.988 6.589 0.739 7.802 45.338 88.959 0.834 11.310 3.056 1.336 85.699 43.746 1.283 7.232 0.947 29.584 30.689 0.620 1.001 Canada 1.013 6.671
      464 words
    • 85 27 Feb 22 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 154 27 Feb 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2824 1.2841 1.0012 1.0017 Canadian dollar 1.2984 1.3002 1.0137 1.0143 Euro 1.7349 1.7363 0.3544 1.3545 NZ dollar 0.9599 0.9613 0.7494 0.7499 Sterling pound 2.0680 2.0701 1.6145 1.6149
      154 words
    • 138 27 Feb 22 GOLD (US$/oz) Feb 22 Feb 21 Hong Kong 1400.50 1396.30 Feb 21 Feb 18 London 1404.80 1385.00 1405.60 1385.80 Source: Thomson Reuters CAST BAR Feb 22 (S$) Selling Buying Kilobar 61,553.89 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 138 57 5gm 391 287 10gm 699
      138 words
    • 69 27 Feb 21 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2548.25 2538.25 3 months 2580.00 2568.00 Copper, Grade A (US$/tonne) Cash 9814.00 9867.00 3 months 9810.00 9860.00 Lead (US$/tonne) Cash 2668.00 2663.00 3 months 2675.00 2667.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • 83 27 Feb 21 COCOA (£/tonne) Close Prev High/Low Mar 11 2301 2280 2318/2278 May 11 2286 2263 2297/2263 Jul 11 2213 2200 2230/2200 Sep 11 2159 2158 2168/2149 COFFEE (US$/tonne) Close Prev High/Low Mar 11 2342 2288 2345/2288 May 11 2387 2337 2389/2333 Jul 11 2403 2353 2406/2350 Sep 11
      83 words

  • 5907 28 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.
    5,907 words
  • Page 28 Advertisements

  • Page 29 Advertisements
    • 29 29 I FREIGHT FORWARDER urgently needed by shippers I Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327
      29 words

  • executive Money
    • 1466 30  -  After a major bear market, shares will go through an initial rebound, a period of correction in the 2nd year and then a continuation SHANE OLIVER The writer is head of Investment Strategy and chief economist at AMP Capital Investors IMPROVING confidence in the
      1,466 words
    • 638 30  -  But the Republic is not expected to be among the biggest financial centres 10 years from now. By Genevieve Cua By Genevieve Cua SINGAPORE has topped a survey among investment bankers as the most favoured location for jobs, says Astbury Marsden,
      FILE PHOTO  -  638 words
    • 1012 31 The stock market appears much more dangerous today than it was last summer, says veteran market strategist NYT [NEW YORK] THE stock market has been thrilling lately. Thanks to the marvel of the mobile Internet, I’ve been able to check my account balances
      NYT; BLOOMBERG  -  1,012 words

  • Page 31 Advertisements
    • 201 31 ers.c'm vel resource bu SPH Sponsored By: Crude oil retests resistance? SAXO CAPITAL MARKETS 100.00 Seize the opportunities. Seize the opportunities with Saxo: Trade energy prices 'Live' with CFDs, futures, ETCs and equities More advanced 3-way order entry Tight pricing Automated trailing stops Advanced charting functionality Customisable'drag and drop'price watch
      201 words

  • Page 32 Advertisements
    • 255 32 JPMorgan Global Natural Resources Fund We believe there's only one natural choice for Singapore investors. JPMorgan Global Natural Resources Fund offers easy access to a broad range of energy, metals and mining stocks in a single fund. As the world turns to nature to drive growth, make sure your investment
      255 words

  • Who’s who in private banking
    • 1103 1  -  By Siow Li Sen ESS than two months into 2011 and the world continues to be pretty much in turmoil. Extreme weather in various parts of the world, soaring food prices and political upheaval in the Middle East jostle daily for the headlines. The rich may
      1,103 words
    • 88 1 ABN AMRO Bank NV Private Banking PAGE 5 ANZ Private Bank PAGE 6 Bank Julius Baer Co Ltd PAGE 7 Bank of Singapore Ltd PAGE 8 Barclays Bank PLC PAGE 9 BSI Bank Ltd PAGE 10 Citi Private Bank PAGE 11 Clariden Leu Ltd PAGE 12 Crédit
      88 words
    • 1014 2  -  Bankers who will thrive are those who see financial intermediaries as an opportunity rather than a threat, writes TORSTEN LINKE TORSTEN LINKE The writer is head of relationship management, Southeast Asia, The Standard Chartered Private Bank FINANCIAL intermediaries (FIM) represent a middle ground
      STOCK.XCHNG  -  1,014 words
    • 999 2  -  By GEORGES ZECHHIN The writer is CEO, Crédit Agricole Private Banking Asia SINGAPORE’S growing status as the gateway to Asia gives global investors access to the dynamic and fast-grow-ing wealth management business in the region. The country is at the crossroads of new
      FILE PHOTO  -  999 words
    • 1062 3  -  Investors continue to pour money into emerging market corporate bonds, with inflows for 2010 coming to about US$75 billion. 2011 is expected to be another strong year, says MARC VAN DE WALLE MARC VAN DE WALLE The writer is managing director, head of Product Management
      Source: BNY Mellon iFlow data; and IMF estimates  -  1,062 words
    • 1080 3  -  By MARK SMALLWOOD The writer is head of Wealth Management Solutions, Deutsche Bank Private Wealth Management Asia Pacific SUCCESSION planning is a topic which seems to be consistently in the news today. Whether the focus is on a
      STOCK.XCHNG  -  1,080 words
    • 766 4  -  Clients’ needs have changed and the financial adviser has to respond nimbly to them, writes ALEXANDER KOBLER ALEXANDER KOBLER The writer is head of investment products services, Asia-Pacific, UBS Wealth Management THE dust may have settled three years on from the great financial crisis, but
      STOCK.XCHNG  -  766 words
    • 1135 4  -  By LEE BOON KENG The writer is Bank Julius Baer Singapore’s co-head, Investment Solutions Group (ISG) and deputy CIO Asia Pacific AS WE step into 2011, it appears that severe weather conditions and geopolitical uncertainties are factors that would shape the financial market this year.
      PHOTOS: AFP  -  1,135 words
    • 1283 20  -  How will the global private banking players, so used to serving the wealthy in Europe and the US, take to serving the Asian high net worth individual? Tan Su Shan gives some insights Tan Su Shan The writer is group head of wealth management,
      STOCK.XCHNG  -  1,283 words
    • 1098 20  -  By ARJUNA ARJUNA MAHENDRAN The writer is managing director and head of investment strategy, HSBC Private Bank A NEAR 30-year run of benign inflation around the globe has allowed central banks to take a more relaxed approach to monetary policy and
      AFP  -  1,098 words
  • Page 1 Advertisements
    • 66 1 CONTENTS A new wave in Asian private banking PAGE 2 A key challenge: holding on to talent PAGE 2 Emerging market bonds still attractive PAGE 3 Where there’s a will there’s a way but in trusts we trust PAGE 3 Wealth management industry transformed PAGE 4 A year of major
      66 words




  • Page 5 Advertisements
    • 1245 5 The bank is in full gear for growth in Asia. Asia will continue to be a key growth market for wealth management, we are committed to growing our private banking business in this region based on our global expertise and resources. Hans Diederen CEO Asia ABN AMRO Private Banking v
      1,245 words

  • Page 6 Advertisements
    • 1527 6 u ANZ Private Bank strengthens super-regional presence ANZ Private Bank has serious and ambitious growth plans across Asia, Australia and New Zeala ANZ Banking Group As Australia's leading bank in Asia with offices in 32 key markets around the world, ANZ combines regional strength and local expertise to connect its
      1,527 words

  • Page 7 Advertisements
    • 898 7 Julius Baer, the leading Swiss Private Banking Group B 1 BANK Julius Baer is Switzerland's leading private banking group and today, in Asia, it is present in Singapore and Hong Kong, with Singapore being its regional hub for management, operations and products. Asia as second home market The Asia operations
      898 words

  • Page 8 Advertisements
    • 1200 8 L As an independent private bank, our business revolves solely around the private bank business, requiring us to be very focused in our business strategy. Our customers are at the centre of everything that we do and it is our goal to ensure that our customers succeed under all economic
      1,200 words

  • Page 9 Advertisements
    • 1117 9 44 Asia, the majority of private banking clients are entrepreneurs. No two clients are alike and the needs of entrepreneurs are made even more complex by their intertwined personal wealth management and business objectives. We see our relationships with entrepreneurs as an opportunity to deliver the full value of the
      1,117 words

  • Page 10 Advertisements
    • 919 10 BS/: Success beyond the numbers Our clients make us different because each of them is different. They have achieved success in their own way and they have wealth management ambitions that are unique to their own personal and professional goals. They have every right to expect us to respond accordingly.
      919 words

  • Page 11 Advertisements
    • 854 11 A Unique Perspective in Wealth Management m Citi Private Bank has a global presence that enables our Asia Pacific franchise to offer world class-leading services, products, expertise and opportunities to our clients. Providing the foundation to that platform is the industry's best talent, in which we invest considerable resources to
      854 words

  • Page 12 Advertisements
    • 843 12 4 Clariden Leu is driven by one goal: our clients' success. The assets we manage underscore the trust they place in us. It confirms our experience and advisory competence, demonstrated through high quality brainwork and effective solutions tailored to clients' personal situations through a precisely defined advisory process. Our products
      843 words

  • Page 13 Advertisements
    • 939 13 Trust is the basis of our business. We are driven by customer satisfaction and the pursuit of long-term performance. We invest in people who share these values. In Singapore, we have a culturally diverse team with a strong entrepreneurial spirit, committed to deliver the best, personalised services to our customers.
      939 words

  • Page 14 Advertisements
    • 912 14 Mr Tee Fong Seng Vice Chairman and Head of Ultra High Net Worth Private Banking Asia Pacific, Credit Suisse Credit Suisse, one of the largest private banks in the world, is also one of the very few integrated banks globally where Private Banking is a core business, alongside Investment Banking
      912 words

  • Page 15 Advertisements
    • 704 15 DBS Private Bank We Know Asia Best Our deep understanding of our clients' business and the wealth creation process has allowed us to tailor innovative Asian-centric solutions to help them create, accumulate and protect their wealth. Tan Su Shan Croup Head of Wealth Management DBS Bank "The primary difference between
      704 words
    • 202 15 lam looking for the best Private Bank in Singapore Best Local Private Bank in Singapore for 5 consecutive years Euromoney Private Banking Poll (2007-2011) Best Private Bank in Singapore Global Private Banking Awards 2010 The Banker and Professional Wealth Management Best Domestic Private Bank in Singapore Asiamoney Private Banking Poll
      202 words

  • Page 16 Advertisements
    • 1262 16 Deutsche Bank Private Wealth Management Catering to the wealthy through exceptional service and advice As a global bank, our worldwide reach provides us with a view of economies and markets, and enables us to create tailored portfolios to provide risk adjusted returns. Ravi Raju Head of Asia Pacific Deutsche Bank
      1,262 words

  • Page 17 Advertisements
    • 873 17 HSBC Private Bank has a global footprint. We've been in Asia for a long time we know Asia, we understand Asia, and we are committed to Asia. So when we go in to speak to a family, we can go in, knowing that we can help the family, no matter
      873 words

  • Page 18 Advertisements
    • 961 18 Building lasting relationships with each of our clients is at the heart of our DNA. As a trusted private bank, our aim is to provide clients with a service precisely calibrated to their individual needs and circumstances. Nick Pollard CEO RBS Coutts Asia W m Jbt. V* Li r 1
      961 words

  • Page 19 Advertisements
    • 1037 19 The rapidly growing wealth and sophistication of Asian economies including China and India have created a rising demand for professional wealth management services. To meet these demands, private banks must provide clients with even more value added services and knowledge expertise and most importantly, maintain clients' trust. Bankers who are
      1,037 words