The Business Times, 7 January 2012

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Microfilm: NL31764
Total Pages: 49
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g| g| JANUARY 7-8, 2012 S$1.00| S$1.00| MICA (P) 121/08/2011 Sf£l A SINGAPORE PRESS HOLDINGS PUBLICATION
    22 words
  • Article, Illustration
    Lock icon After colourful stint, Saw axes herself
    934 1  -  She quits just before tough questions on MRT operations are asked in Parliament on Monday By Joyce Hooi joyceh@sph.com.sg Singapore AW Phaik Hwa, who joined SMRT Corporation in a blaze of colour almost a decade ago, went out with a fizzle yesterday. Following a
    FILE PHOTO  -  934 words
  • Article, Illustration
    Lock icon US unemployment rate in Dec falls to lowest level in 3 years
    724 1 Employers add 200,000 jobs in a burst of hiring, giving the economy a boost at year-end AP Reuters Bloomberg Washington A BURST of hiring in December pushed the US unemployment rate to its lowest level in nearly three
    AP; Reuters; Bloomberg; AFP  -  724 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      64 2 NEWS Top Stories 2-8 Week in Review 9 Raffles Conversation 10-11 Companies 12-15 From The Desk Of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-32 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Dining L2-6 T ravel L7 Chinese New Year L8-9
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    • MARKETS
      • Article
        Lock icon FOREX
        49 2 FOREX US$ S$ US$ (S$ per US$) 1.295 (US$/S$ per 1.551 2.009 EURO(US$/S$/E) 1.278 1.655 Foreign currency per US$ S$ YEN 77.20 59.60 RM 3.153 2.434 HK$ 7.766 5.995 BAHT 31.65 24.43 RUPIAH 9,165 7,076 RENMINBI 6.312 4.873 INDIAN RUPEE 52.80 40.76 A$ 0.977 0.754 NZ$ 1.282 0.990
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      • Article
        Lock icon STOCKS
        59 2 GSTI 2,715.59 (+2.57) GSTI FUTURES 2,715 (+2) GSIMSCI 308.59 (+0.50) GSIMSCI FUTURES 308.40 (+0.90) STOCKS Friday Change KL COMP 1,514.13 -0.30 NIKKEI 225 8,390.35 -98.36 HANG SENG 18,593.06 -220.35 SET 1,036.26 -0.54 JAKARTA 3,869.42 -36.85 MANILA 4,483.36 –35.55 KOSPI 1,843.14 –20.60 SHENZHEN B 555.68 +4.03 MUMBAI IND 15,867.73 +10.65
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      • Article
        Lock icon PRIME RATES
        28 2 '.'JfirlPCSf s.jfl MAiAtiliV a. 5,no IIA>OlJE5(A M.fflS rm/Aft i.iUe JflPAJN W .i.'v.L O.U GRt T A r Hill »*5 v? ioo SWITEIMHD O.SJ ir^nA Source: Bloomberg
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    • Article
      Lock icon SGX asks for court order in China Sky case
      717 2  -  It takes unprecedented move following the latter’s continued defiance By Lynette Khoo lynkhoo@sph.com.sg Singapore IN what could be an unprecedented move, Singapore Exchange (SGX) has resorted to applying for a court order to enforce its directive on a defiant S-chip company.
      717 words
    • Article
      Lock icon ATM fraud hits DBS to the tune of $500k
      565 4  -  The bank has contacted all customers thought to be at risk, deactivated their cards and offered replacements By Conrad Tan conradt@sph.com.sg Singapore DBS Group has lost $500,000 to fraudsters who withdrew the cash from the accounts of about 400 customers earlier
      565 words
    • Article, Illustration
      Lock icon Woodford withdraws bid to return as Olympus head
      694 5  -  But he intends to sue the firm in Britain for wrongful dismissal By Anthony Rowley btworld@sph.com.sg Tokyo MICHAEL Woodford, the British executive who exposed long-con-cealed financial losses at Japanese giant Olympus Corp and was then fired as its head, yesterday threw in
      694 words
    • Article
      Lock icon SP tunnel firm seen tapping financial markets
      625 6  -  Construction of $2b extra-high-voltage underground power transmission network expected to start in Q4 By Ronnie Lim ronnie@sph.com.sg Singapore SINGAPORE Power (SP) will kick-start an over $2 billion project this quarter: building an extra-high-voltage underground power transmission network to replace the current one that
      625 words
    • Article, Illustration
      Lock icon Chief Justice mulls making pro bono work a criterion for SC appointments
      977 6  -  By Grace Leong gleong@sph.com.sg Singapore IN an effort to make pro bono work part of the DNA of Singapore’s legal profession, Chief Justice Chan Sek Keong has proposed, among other things, making pro bono work in criminal matters
      CAROLINE CHIA/THE STRAITS TIMES  -  977 words
    • Article, Illustration
      Lock icon The return of the Indian natives
      1045 8  -  Booming India is attracting them back from the West, but resettling can take some doing By Neeta Lal bt wo rl d @s p h .co m .sg Mumbai WHEN Bollywood Queen Madhuri Dixit Nene relocated to Mumbai with her family last October after
      AFP  -  1,045 words
    • Article
      Lock icon Proposed ministerial pay structure still flawed: WP
      674 8  -  By Teh Shi Ning tshining@sph.com.sg Singapore IT is a “step in the right direction” but the pay structure recommended by the Ministerial Salaries Review Committee remains “flawed” and has redundant elements, says the Workers’ Party (WP). Levelling its sharpest criticism at the revised
      674 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      51 2 Ardmore Park Spacious 4-bedroom (2,885 sq ft) with balcony Epitome of modern luxury living Sprawling landscape (320,000 sq ft) Exclusive address Goodwood Hill greenery view Full condo facilities For a pleasant buying selling experience, call RudyTedja 9686 9943 Sole Agent cea Reg no. roos96oi *Other Luxury Condominium Penthouse available savills
      51 words
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      51 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      253 5 xU MASERATI iiisasisga Hi r. c» > MASERATI GRANTURISMO. INSIDE. OUTSIDE. EXCITE. The Maserati GranTurismo, thanks to its distinctive character, unmistakable styling and exciting performance, is the perfect blend of class and sportiness. The model range includes the GranTurismo S, a version created to provide unrivalled design and performance. The
      253 words
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    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      2086 7 the business timesweek nd www. usinesstimes.com. g| SEPTEMBER 24-25, 2011 S$1.00| MICA (P) 121/08/2011 the raffles conversation CAREER DIPLOMAT BARRYDESKER 12-13 cheap funds Local banks to slash savings rates DBS Bank, OCBC Bank and UOB will offer a mere 0.05 per cent come October, even as HSBC and Stanchart dish
      2,086 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK | Jan 2-6, 2012
      • Article
        Lock icon PM Lee: Take coming slowdown in stride
        52 9 SINGAPORE has to take the expected economic slowdown in 2012 in its stride, Prime Minister Lee Hsien Loong said a day after delivering a sobering New Year message. “I think that the economy goes up, goes down, we have to take it in
        52 words
      • Article
        Lock icon 2012 a year of defensive play for investors
        59 9 INVESTORS should stay “defensive” in 2012 and stick to high-qual-ity, dividend-paying counters that have strong balance sheets, analysts say. They warn that growth in the global economy will slow to 1.8-3.5 per cent this year with a downward bias to these estimates,
        59 words
      • Article
        Lock icon Biomedical sciences push bearing fruit
        49 9 ELEVEN years into Singapore’s biomedical sciences push, the sector has grown into a sizeable stable of almost 300 companies and businesses. The tally is respectable for what is by all counts a fledgling sector, say consultants who keep tabs on the biomedical sciences field.
        49 words
      • Article
        Lock icon Singapore shares thriving on US OTC market
        63 9 IN a foreign market 13 hours away, an active trade in Singapore shares is taking place either in the form of American Depository Receipts or ordinary shares. Some 80 Singapore counters are traded on the US over-the-counter market with turnover hitting over US$1.45
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      • Article
        Lock icon Budget to focus on long-term strategies
        70 9 AS Singapore enters a slowdown with at least two years of sub-par growth ahead of it this year’s Budget must focus on intensifying long-term economic restructuring efforts, Deputy Prime Minister Tharman Shanmugaratnam said yesterday. Observers say Mr Tharman’s comments suggest that companies and workers
        70 words
      • Article
        Lock icon Home prices sputter, poised to fall this year
        48 9 PRICES of private homes as well as HDB resale flats are poised to fall this year. This was foreshadowed in the official flash estimates for the fourth quarter of last year which showed a slowdown in growth for both segments.
        48 words
      • Article
        Lock icon Shrinking economy flirts with technical recession
        89 9 AS the economy ended 2011 with a quarter-on-quarter dip, it revived speculation on whether Singapore was on the verge of slipping into a technical recession. Going by the readings of many private-sector economists and with the outlook for the global economy still looking dim
        89 words
      • Article, Illustration
        Lock icon GROUP EFFECT
        30 9 SINGAPORE’S Cabinet ministers could see pensions removed from their pay packages and their annual salaries cut by up to 40 per cent under proposed new benchmarks FILE PHOTO
        FILE PHOTO  -  30 words
      • Article
        Lock icon Ministers face pay cut to strike new balance
        55 9 SINGAPORE’S Cabinet ministers could see pensions removed from their pay packages and their annual salaries cut by up to 40 per cent under proposed new benchmarks. Based on the new framework, the Prime Minister could see his annual salary fall by 36
        55 words
      • Article
        Lock icon New windows open as neighbours get cosy
        58 9 DECADES after they went their separate ways, Singapore and Malaysia are poised to get closer than ever before. Not only will crossing the border become a breeze, but the two countries plan to develop properties together, complement Singapore’s manufacturing skills with Johor’s abundant
        58 words
      • Article
        Lock icon Some return units to developers, fearing price dip
        42 9 DEVELOPERS of major projects released in November and early December have seen some units being returned. Market watchers say this could be a knee-jerk reaction to the introduction of the additional buyer’s stamp duty.
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      • Article
        Lock icon DBS hit by fraudulent ATM withdrawals in Malaysia
        58 9 FRAUDSTERS have stolen at least $200,000 from the accounts of DBS and POSB customers through unauthorised withdrawals at ATMs in Malaysia, likely using cloned ATM and debit cards. The Commercial Affairs Department has launched its own investigation of what appears to be
        58 words
    • Article
      Lock icon NEXT WEEK Jan 9-13, 2012
      75 9 US DATA Jan 10 Wholesale inventories Jan 12 Retail sales Jan 13 Trade balance SINGAPORE DATA Jan 9 Dec international reserves Jan 13 Nov retail sales and food and beverage services indices EVENTS Jan 9 French President Nicolas Sarkozy meets German Chancellor Angela Merkel Jan
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  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      313 9 Across 1 How Red Arrows fly low-down (11) 10 Veteran man fighting endlessly (5) 11 Cleese top comic in shower of stars (9) 12 Get beating being reckless in affair (9) 13 Domain of actual money (5) 14 Two party leaders arrested (6) 16 Piece of information about tool returned
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    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      16 9 SATURDAY with Ludwig ‘The phone’s virtual personal assistant cannot recognise the effects of laryngitis, that‘s why...’
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Global reach, local depth
      1882 10 / 11  -  Allen Overy executive chairman David Morley has big plans for the international law firm, and sees Singapore as a springboard for regional expansion. By Michelle Quah By Michelle Quah michquah@sph.com.sg Allen overy (A&O), the prodigious international law firm that is looking to join forces with local
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  • COMPANIES
    • Article
      Lock icon CAD seeks KXD Digital documents in probe
      497 12  -  Investigation under Securities Futures Act By Jamie Lee leejamie@sph.com.sg CHINA-BASED KXD Digital Entertainment has been ordered by the Commercial Affairs Department (CAD) to produce company documents in a probe by the white-collar crime buster under the Securities Futures Act. In a two-paragraph filing
      497 words
    • Article
      Lock icon New chairman at Cosco in second major change
      284 12  -  By Lynn Kan lynnkan@sph.com.sg COSCO Corporation (Singapore) appointed Ma Ze Hua as its new chairman with immediate effect yesterday as Liu Guo Yuan retired from the post he had held since September 2010. Mr Ma, 59, also took over Mr Liu’s roles
      284 words
    • Article
      Lock icon Cosco shares boosted by news of deal
      181 12 Reuters Singapore SHARES of Singapore-listed Chinese shipbuilder Cosco Corp rose as much as 2.7 per cent yesterday, bucking the broad weak market trend, after the firm said it won a contract worth over US$220 million from an Asian company for two offshore construction
      Reuters  -  181 words
    • Article, Illustration
      Lock icon SIA, Qantas say cracks found in wing ribs of Airbus A380s
      371 12 Reuters Singapore SINGAPORE Airlines (SIA) and Qantas Airways said yesterday that they discovered cracks on the wing ribs of their Airbus A380s, but said the cracks pose no threat to safety and repairs have been carried out. The remarks
      Reuters; REUTERS  -  371 words
    • Article
      Lock icon JAL plans IPO amid fresh challenges
      911 13 New low-fare airlines threaten to lure travellers in its home market Bloomberg Tokyo JAPAN Airlines Co is preparing for an initial public offering that may make it the world’s most valuable carrier even as new low-fare airlines threaten to lure travellers in its home
      Bloomberg  -  911 words
    • Article, Illustration
      Lock icon Temasek partners UBS to launch fixed income fund
      316 14 Fullerton SGD fund targeted at high net worth clients TEMASEK Holdings unit Fullerton Fund Management Company has partnered UBS Wealth Management to launch a Singapore dollar fixed income fund targeting the affluent. Fullerton committed $20 million as seed capital to the Fullerton
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    • Article, Illustration
      Lock icon Thai home builder sees higher profit in 2012
      428 14 Reuters Bangkok THAI home builder Quality Houses Pcl, part-owned by Singapore’s GIC, expects its 2011 net profit to drop due to the impact of flooding last year, but it sees higher 2012 net profit and revenue growth of 30 per cent. Flooding
      Reuters; REUTERS  -  428 words
    • Article
      Lock icon STATS ChipPAC shares up on new plant
      177 14 Reuters Singapore SHARES of Singapore semiconductor firm STATS ChipPAC jumped as much as 10.5 per cent yesterday after it started building a factory in Singapore and said it expects to invest an additional US$220 million in the city-state over the next few years.
      Reuters  -  177 words
    • Article
      Lock icon Quantedge fund sees assets doubling
      306 14 Reuters Hong Kong SINGAPORE-BASED hedge fund Quantedge Capital aims to double assets to US$400 million by end of 2012 after a 32 per cent gain in its global macro fund last year, a top executive said yesterday. The return came in a tough year for
      Reuters  -  306 words
    • Article, Illustration
      Lock icon Reality check sets in for Singapore market
      887 15  -  STOCKS Ven Sreenivasan ven@sph.com.sg Senior correspondent AFTER flirting on the sunny side for the first few days of the new year, Singapore’s stock market found itself haunted by gloomy realities once again yesterday. The local bourse was in negative territory for a large
      887 words
    • Business briefing
      • Article
        Lock icon Lorenzo International warns of 2011 loss
        66 15 LORENZO International Ltd warned of a loss for the fiscal year ended Dec 31, 2011, following a large one-off provision and weak operating results. “Given the weak operating results, the board has decided to make a large one-off provision for obsolete or slow-moving inventory
        66 words
      • Article
        Lock icon Technics Oil & Gas plans to spin off units for a separate listing
        147 15 Technics Oil Gas plans to spin off units for a separate listing TECHNICS Oil Gas said it intends to spin off its subsidiaries in the contract engineering segment specialising in marine industry business for a separate listing in Taiwan. The plan is to list the subsidiaries, Norr Systems Pte Ltd
        147 words
      • Article
        Lock icon Communication Design Int’l may post net loss for H1 ended Dec 31
        50 15 COMMUNICATION Design International warned that it may record a net loss for its fiscal first-half year ended Dec 31, 2011. The firm said sales achieved in the first half are expected to be lower than a year ago.
        50 words
      • Article
        Lock icon Artivision Technologies in $5m convertible loan agreement
        142 15 ARTIVISION Technologies Ltd has entered into a $5 million convertible loan agreement with Ching Chiat Kwong, an unrelated party. The company plans to use the loan for general working capital. “The directors are of the view that the loans would augment the working
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      1334 13 AXA WORLD FUNDS (In short “AXA WF”) Investment Company with Variable Capital Registered Office: 49, avenue J-F Kennedy, L-1855 Luxembourg Register of Commerce Luxembourg B ***** The Shareholders of AXA WORLD FUNDS have been convened to the Extraordinary General Meeting held on January 2nd, 2012 at 2.00 p.m. at 15,
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon How important is social media?
      998 16  -  For all its popularity, it is still not the answer to everything FROM THE DESK OF Mark Dixon CEO Regus HOW does one distinguish between a fad and a social or business transformation? And in which category should we put Facebook, Twitter and all the
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  • SINGAPORE
    • Article, Illustration
      Lock icon Foreigner share of resale ECs spikes to 49%
      802 17  -  383 units in first 11 months of 2011 already exceeds 201 0’s total By Mindy Tan tanmindy@sph.com.sg SALES of completed executive condominiums (ECs) on the resale market saw a surge of interest from foreigners in the first 11 months of 2011. Sales
      Source: R’ST Research  -  802 words
    • Article
      Lock icon Give older workers a fair deal: minister
      261 17 SINGAPOREANS must “change ageist mindsets and embrace more enlightened attitudes” for the newly minted rehiring law to be a success, said Minister of State for Manpower Tan Chuan-Jin. With the introduction of the Retirement and Re-employment Act this week, some have voiced concerns
      261 words
    • Article, Illustration
      Lock icon Two Senior Counsel, first Honorary SC appointed
      553 18  -  Appointments announced by Chief Justice at the opening of Legal Year 2012 By Grace Leong gleong@sph.com.sg TWO Senior Counsel were announced by Chief Justice Chan Sek Keong at the opening of the Legal Year 2012, along with the first-ever appointment of a Senior
      PHOTOS: CAROLINE CHIA/THE STRAITS TIMES  -  553 words
    • Article
      Lock icon Fishery ports, markets urged to adapt to modern lifestyles
      301 18 Consumption of frozen fish growing: Khaw LOCAL fishery ports and wet markets must take into account Singaporeans’ growing preference for frozen fish as they formulate their plans for the future, according to National Development Minister Khaw Boon Wan. Noting that Singaporeans’
      301 words
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      Lock icon Page 17 Advertisements Column 1
      724 17 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF HUP EE ENTERPRISES (PTE) LTD (Co. Reg. No.: *****3127K) (Incorporated in Singapore) (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the Members of HUP EE ENTERPRISES (PTE) LTD convened and held at
      724 words
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  • WORLD
    • Article, Illustration
      Lock icon Relationships take backseat in credit crunch
      614 19 Capital constraints mean that Europe banks are less able to offer clients sweet deals Reuters London THE most lucrative client relationships take years to build, yet the tough lending decisions banks now face could sever them in minutes. Europe’s banks have long discounted loans
      Reuters; AFP FILE PHOTO  -  614 words
    • Article, Illustration
      Lock icon Euro unlikely to ‘vanish’ this year: IMF chief
      478 19 AFP Pretoria THE euro is unlikely to “vanish” this year, International Monetary Fund (IMF) chief Christine Lagarde said yesterday, but warned a report this month will show the global economy growing slower than the 4.0 per cent estimated in September. “Will 2012
      AFP  -  478 words
    • Article
      Lock icon Net worth of HK’s richest falls 7.4% in 2011: Forbes
      360 19 Bloomberg Hong Kong THE combined wealth of Hong Kong’s top 40 richest people, led by Li Ka-shing, fell 7.4 per cent to US$151 billion last year from 2010 as China’s economic growth slowed and property prices dropped, Forbes magazine said
      Bloomberg  -  360 words
    • Article, Illustration
      Lock icon Iran oil sales to China, Japan set to drop
      696 20 EU leaders earlier said they would stop purchases of crude oil from the nation Reuters Teheran IRAN faced the prospect of cutbacks in its oil sales to China and Japan as new measures to block Teheran’s crude exports over its nuclear
      Reuters; XINHUA  -  696 words
    • Article
      Lock icon KL court dismisses voting suit by M’sians in UK
      485 20  -  By S Jayasankaran bt wo rl d @s p h .co m .sg Kuala Lumpur THE High Court of Malaya in Kuala Lumpur yesterday dismissed a suit brought by six Malaysians living in Britain for the right to be registered as
      485 words
    • Briefing
      • Article
        Lock icon Sumitomo unit buys 20% of China fund manager
        80 20 Reuters Shanghai SUMITOMO Mitsui Financial Group (SMFG) plans to acquire a minority stake in a mid-sized Chinese fund house to access China’s struggling but still attractive mutual fund industry, two sources said. An SMFG unit has agreed to buy a 20 per
        Reuters  -  80 words
      • Article
        Lock icon Dutch villages being evacuated after rains
        62 20 AP The Hague, Netherlands POLICE are evacuating 800 people from four villages in the low-lying northern Netherlands amid fears of a dyke break following days of rains. Authorities say a section of the dyke along a major canal could give way and submerge hundreds
        AP  -  62 words
      • Article
        Lock icon Gap between big mobile users, others widening
        118 20 NYT New YorkTHE world’s congested mobile airwaves are being divided in a lopsided manner, with one per cent of consumers generating half of all traffic, according to a British study. The top 10 per cent of users, meanwhile, are consuming 90 per cent
        NYT  -  118 words
      • Article
        Lock icon China mulls setting up energy super-ministry
        70 20 Reuters Beijing CHINA is considering a proposal to create an energy “su-per-ministry” as part of a sweeping cabinet reshuffle in 2013, two sources said, a step that would help Beijing impose its will on an industry beset by bureaucratic infighting. The new ministry would
        Reuters  -  70 words
    • Article, Illustration
      Lock icon Phone sales power Samsung to record profit
      705 21 South Korean company posts 5.2t won in profit for Q4 Reuters Seoul SAMSUNG Electronics, the world’s top maker of memory chips and smartphones, reported a record quarterly profit yesterday, aided by one-off gains and best-ever sales of high-end phones. The South Korean firm,
      Reuters; BLOOMBERG  -  705 words
    • Article
      Lock icon Proton chairman offers to buy Khazanah’s stake
      289 21 Bloomberg Kuala Lumpur PROTON Holdings Bhd, Malaysia’s national carmaker, said chairman Mohd Nadzmi Mohd Salleh bid for Khazanah Nasional Bhd’s controlling stake. Mr Nadzmi offered to buy Khazanah’s entire 42.7 per cent stake, Proton said in an exchange filing yesterday. The chairman informed
      Bloomberg  -  289 words
    • Article
      Lock icon Swiss central bank chief vows not to resign over currency trades
      446 21 NYT Zurich PHILIPP M Hildebrand, head of the Swiss central bank, said on Thursday that he regretted carrying out currency trades that have threatened his international reputation as an advocate of tougher bank regulation. But he maintained that he
      NYT  -  446 words
    • Article, Illustration
      Lock icon New economic gauge: China’s pork prices
      945 22 Discretionary consumer spending typically generates 40% of the country’s GDP growth Reuters Beijing THE price of pork in China could soon rival US payrolls as the world’s most watched economic indicator. International investors are increasingly focused on domestic demand in the world’s sec-ond-largest economy
      Reuters; REUTERS  -  945 words
    • Article
      Lock icon PwC hit with record fine for UK audit failures
      347 22 Reuters London TOP auditor PricewaterhouseCoopers has been fined a record £1.4 million in Britain for wrongly telling local regulators for seven years that JPMorgan Securities was keeping client money safe. The successful case brought by the Accountancy and Actuarial Discipline Board
      Reuters  -  347 words
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  • Article
    Lock icon SGX
    7863 23 Transaction date: Jan 6 Transaction date: Jan 6 Transaction date: Jan 6 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 11.6 8Telecom 15.5 10.5 14.5 7.8 3.9 3.2 74.2 9.5 4 A-Sonic 4.3
    7,863 words
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  • Article
    Lock icon SGX CATALIST
    1652 26 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 12.1 t 800 Super 14.5 +0.5 100 14.5 14.3 14.4 14.8 4.7 3.8 5.6 25.9 5.5 2.5 t AA Grp 3.3 2.7 3.3 15.7
    1,652 words
  • Article
    Lock icon SECURITIES TRADING SCOREBOARD
    186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 6 6 0 0 0 4 6 6 Manufacturing 51 33 39 3 5 5 54 38 44 Commerce 16 13 18 3 1 3 19 14 21 Tpt/Stor/Comms 16 10 13
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  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    788 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jan 2 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Fortune Reit 4-Jan-12 Lim Hwee Chiang *Buy 3322 na 5499 0.33 8821 0.52 Thai Beverage Pub 4-Jan-12
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  • Article
    Lock icon SECURITIES TRADING TURNOVER
    119 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,128 10,128 46,423 46,423 Manufacturing 128,773 24,555 153,328 108,872 348 109,220 Commerce 120,243 1,174 121,417 99,427 309 99,736 Tpt/Stor/Comms 75,833 22,809 98,642 140,067 3,018 143,084 Finance 10,454 10,454 90,438 90,438 Construction 12,639 236 12,875 2,913
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  • MARKETS
    • Article
      Lock icon LIFFE
      80 27 Jan 5 COCOA (£/tonne) Close Prev High/Low Mar 12 1332 1345 1379/1330 May 12 1351 1364 1393/1347 Jul 12 1368 1381 1412/1365 Sep 12 1383 1394 1418/1379 COFFEE(US$/tonne) Close Prev High/Low Jan 12 1758 1796 1780/1753 Mar 12 1774 1811 1803/1770 May 12 1805 1846 1835/1804 Jul 12 1834
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    • Article
      Lock icon METALS
      52 27 Jan 6 GOIO llrtlm .Wirt irt fb III’— ,1 ,1 imi .r. v,vt in Jrt.ti imM Ivmlun iaJW*M6»*e las'iTfininsT SILVER (mvliuul I i ii aiu? ar-in PLATINUM HIM*. IrtltSi p-rr^rt oMffn l4>SxPMIi/vfl VW F U20(CC <JJ1 00 c-» platinum i.vei noib. rtl •ki HrIiUh J«) 12 MM<5 U1LN UHA'Ulf?C*l)
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    • Article
      Lock icon PALM OIL
      47 27 Jan 6 ALCE PALM Firm RES (RM/MT) -«i a >»••* u»> "Hrv •n 1 /IP OH'" mi 1$: <• e~ 'U !<• N Mil/ 1' vtrvu wirw MIMl mm AU ku If jw^rt r*if i T/Un M/A^r ILM r > V 1 <lfeu •in.> VI Apr Source: Bursa
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    • Article
      Lock icon GOVERNMENT SECURITIES
      82 27 Jan 6 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 05-Apr-12 0.36 1-Year BY*****W 01-Nov-12 0.36 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01-Jul-13 102.9 102.93 102.91 5-Year N*****0W 1.125 01-Apr-16 102.38 102.45 102.45
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      Lock icon INTERBANK CURRENCY RATES
      154 27 Jan 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3259 1.3265 1.0238 1.0239 Canadian dollar 1.2705 1.2712 0.9810 0.9813 Euro 1.6547 1.6554 1.2777 1.2778 NZ dollar 1.0098 1.0114 0.7797 0.7807 Sterling pound 2.0082 2.0091 1.5506 1.5508
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      Lock icon SMX MARKET UPDATE
      114 27 As on 5 January 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT FEB2012 1626.10 1598.10 1620.00 1218 CURRENCY AUD-USD FUT MAR2012 1.0256 1.0153 1.0180 3543 EUR-USD FUT MAR2012 1.2950 1.2787 1.2793 6782 USD-JPY FUT MAR2012 77.06 76.65 77.09 3549 BASE METAL
      114 words
    • Article
      Lock icon CHICAGO BOT
      103 27 Jan 5 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jan 12 1201.25 1221.50 1224.50 1200.00 Mar 12 1209.00 1230.00 1233.75 1206.00 May 12 1218.75 1239.50 1242.50 1216.50 Jul 12 1227.50 1248.50 1251.50 1225.50 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Jan 12 51.77 52.73 52.77 51.80
      103 words
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      Lock icon OIL
      75 27 Jan 5 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 113.52 0.80 WTI (Near Mth) 101.84 -1.41 Dubai (1-Mth F) 109.75 2.03 Tapis blend 121.96 1.77 Minas 119.96 2.27 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.89 1.89 Jet Kerosene 127.45 1.40 US$/barrel Opec Oil Basket Price
      75 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 27 Jan 06 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.355 1.291 Can dollar 1.291 1.242 Euro 1.683 1.619 Sterling pound 2.04 1.962 NZ dollar 1.037 0.988 US dollar 1.312 1.262 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • Article
      Lock icon LONDODN METALS
      51 27 Jan 5 n'. OtJU '-Ml' 4tl Jt«» •Ml M r t»*t» 4) van .aVtiT. ra^ic’ i OaJc A i Utfl 7T?14f TWiSr SfirrWi ,*.•-041 jv*ur v-W i ZMI< *4—It- r rorrr^< Jlwfln r ft i J0W» MtiA* •■OlMl' ivmirvi tv ■VW/M* V*AOl' lfc»,Jer—•tlto- DIMi l/Ti -jVJ*. ru* (•WAA
      51 words
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      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Jan 5 Index Change Change Change Change Change Change World Preliminary 840.4 -0.5 1.3 -0.4 0.7 -0.8 0.9 EAFE Preliminary 689.2 -0.9 1.0 -1.2 0.0 -1.6 0.3 Europe Preliminary 1034.6 -0.9 0.8
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      Lock icon STOCK MARKETS
      7 27 (Chart shows Thursday’s index closing)
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Can Obama win the election?
      893 28 / 29  -  Economy’s actual performance will decide how many Americans feel Robert Samuelson The Washington Post Writ ers Group COULD 2012 turn conventional wisdom on its head? Here’s the conventional wisdom: President Barack Obama’s re-election is vulnerable to the weak economy and high joblessness. Here’s what might
      The Washington Post Writers Group; REUTERS  -  893 words
    • Article
      Lock icon Greening the European Investment Bank
      750 28 / 29  -  By Manana Kochladze ~The writer is a campaigner at CEE Bankwatch Network, an NGO that monitors international financial institutions active in Central and Eastern Europe. She is the winner of the 2004 Goldman Environmental Prize Project Syndicate OVER the past four years, the European Investment
      Project Syndicate  -  750 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Investors treading carefully on IPOs
        975 30 / 31  -  Many US companies hoping to go public will have to cut their prices or the size of their offerings to match investor appetite, analysts say. By Evelyn M Rusli By Evelyn M Rusli NYT IT WILL take more than Facebook to heat up the tepid
        NYT; BLOOMBERG  -  975 words
      • BROKERS’ TAKE
        • Article
          Lock icon Cosco Corporation
          280 30 / 31 Underperform CIMB Research Jan 6 Close: $0.925 COSCO has confirmed a US$220 million order for two offshore construction vessels from SapuraCrest. This should have been priced in as letters of award had been made known since September. Further, we are unmoved by the contract’s low profitability. We make
          280 words
        • Article
          Lock icon City Developments Limited
          399 30 / 31  -  Compiled by Lynn Kan Hold OCBC Investment Research Jan 6 Close: $9.07 CITY Developments Limited (CDL) announced yesterday that it acquired, through a government tender on Jan 4, a 80:20 residential:commercial mixed site in Chongqing for 540 million yuan (or 4,968 yuan per square metre gross floor
          399 words
      • Article, Illustration
        Lock icon Dividends new hope for investors in 2012
        858 32  -  Their faith in profit outlook wanes as corporate earnings are projected to rise just 8%, against earlier projections of 13%. By Paul J Lim By Paul J Lim ~The writer is a senior editor at Money magazine NYT WHEN the global economy slowed
        NYT; AFP  -  858 words
      • Article, Illustration
        Lock icon When is a trade surplus a pesky thing?
        1114 33  -  When it grows too big, when it isn’t invested wisely, and when your trade partners use it to fund their binges SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder IWAS at a friend’s Christmas
        BLOOMBERG FILE PHOTO  -  1,114 words
    • WEALTH REAL ESTATE
      • Article
        Lock icon Househunt
        957 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN DEC 7 AND DEC 13, 2011 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED People's Park Cplx Apt 13/12/2011 99 409 530 1296 People's Park Cplx Apt 07/12/2011 99
        957 words
      • Article, Illustration
        Lock icon New stamp duty seen depressing bungalow sales
        1268 35  -  Prices of Sentosa Cove units will moderate, causing GCBs on the mainland to ease as well By Kalpana Rashiwala kalpana@sph.com.sg Singapore THE 10 per cent additional buyer’s stamp duty on foreigners buying private homes in Singapore will lead to a fall in their
        YEN MENG JIIN; Source: URA  -  1,268 words
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      Lock icon Page 36 Advertisements Column 1
      46 36 M iUDEMARS PlGUET Le maitre de I’horlogerie depuis 1875 o d m t o I i lk\ ft 2 ft ft s ft ft ft »smso» 0 ft ft ft SV V. ft: <4 AN r ROYAL OAK CHRONOGRAPH For enquiries, Tel: (65) 6238 6678 audemarspiguet.com
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      66 1 LivingBTTHE BUSINESS TIMES WEEKEND JANUARY 7-8 2012 FOOD 2012 What's in, what's out? Local food personalities weigh in with their predictions L2-4 BARBECUED MACKEREL, ESQUINA. PHOTO BY RORY DANIEL PERSONAL SPACE Tasmanian Taj Mahal L10-11 GOLF Young stars worth watching L17 DINING New beginnings at DuxtonL5-6 CHINESE NEW YEAR Festive
      66 words
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  • Living BT THE BUSINESS TIMES WEEKEND JANUARY 7-8 2012
    • DINING
      • Article, Illustration
        Lock icon Say hello to simplicity
        2164 2 / 3  -  Local food personalities see top quality, sustainable ingredients taking centrestage in 2012, and a move away from food snobbery and over-indulgence. By Jaime Ee over-indulgence.By Jaime Ee jaime@sph.com.sg THE year 2011 saw diners in Singapore drinking a lot of fancy coffee, hanging out in neighbourhoods previously
        2,164 words
      • Article
        Lock icon winec&dine
        962 4 wine&dinewith BTWeekend Bar on 5 Level 5, Mandarin Orchard Singapore, 333 Orchard RoadZ6831-6288 Bar on 5 is the ideal place to chill out and unwind after a hard day’s work. Located five floors above Orchard Road, it provides a fabulous view of the shopping belt. The beverage menu features
        962 words
      • Article, Illustration
        Lock icon Duxton debut
        1924 5  -  Its mention used to make taxi drivers smirk knowingly, but three first-time F&B ventures further crank up the heat in the once-sleazy neighbourhood. By Debbie Yong By Debbie Yong debyong@sph.com.sg DUXTON’S debauched past is something that the area would rather forget but that was exactly what attracted the
        PHOTOS BY ARTHUR LEE  -  1,924 words
    • TRAVEL
      • Article
        Lock icon A fresh beginning for the Big Apple
        705 7 Officials say New York’s tourism industry brought in US$32b and supported about 320,000 jobs last year. New York City officials hope to draw 50m-plus tourists in 2012, after achieving their record goal last year AP JUST days after cheering the arrival of the
        AP  -  705 words
    • CHINESE NEW YEAR
      • Article, Illustration
        Lock icon Enter the Dragon
        474 8 / 9  -  The much revered Dragon in the Chinese zodiac is held as the mightiest of the 12 signs. So this Year of the Dragon, ditch the red drapes and tired lanterns and opt for dynamic pieces of festive homeware. By Melissa Lwee-Ramsay By Melissa Lwee-Ramsay mellwee@sph.com.sg House of
        474 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon Tasmanian Taj Mahal
        1295 10 / 11  -  Home for a tiques de ler Joh Hawkins is 1,200-acre estate with a 22-room, single-storey domed villa as the centrepiece of the property. By Geoffrey Eu personal space By Geoffrey Eu btnews@sph.com.sg WHEN antiques dealer John Hawkins goes for a long morning walk, chances are he won’t
        PHOTOS BY GEOFFREY EU  -  1,295 words
    • DESIGN
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        Lock icon KNOCK ON WOOD
        1530 12 / 13  -  The craft of fine wooden furniture is increasingly appreciated by a group of buyers, resulting in more brands specialising in such furniture being brought in. By Geoffrey Eu By Geoffrey Eu btnews@sph.com.sg WOOD furniture has been around almost as long as trees but in the world of
        1,530 words
    • GADGETS
      • Article, Illustration
        Lock icon The next big toys
        580 14  -  The International Consumer Electronics Show, the blockbuster draw for tech toys, kicks off on Thursday in Las Vegas but some gizmos are already all abuzz. By Christopher Lim By Christopher Lim limchris@sph.com.sg Fujifilm XP150 camera US$279.95 S$362 IN a world of the ubiquitous mobile phone camera,
        580 words
    • HEALTH 1
      • Article, Illustration
        Lock icon Sweet talk
        890 15  -  Sugar, we are told, is not good for our bodies. The challenge, then, is to find a way of satisfying our sweet tooth while avoiding the harmful effects of both natural and artificial sweeteners. By Michael Lim By Michael Lim btnews@sph.com.sg AFTER an exercise workout, you may not
        STOCK.XCHNG  -  890 words
    • SPORT
      • Article, Illustration
        Lock icon Six wishes for a happy 2012
        1020 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor WE are barely seven days into a brand new year and already the sporting world has wasted no time in throwing up more than its fair share of talking points. A defiant Wayne Rooney was
        PHOTOS: THE STRAITS TIMES, AFP, REUTERS  -  1,020 words
    • GOLF
      • Article, Illustration
        Lock icon All set to make waves
        1213 17  -  A look at some of the new names to watch out for in golf this year. By Justine Moss btnews@sph.com.sg FOR many professional sports, the New Year signals the start of a new season, which typically heralds the arrival of some new names to watch
        PHOTOS: AFP, AP, REUTERS  -  1,213 words
    • MOTORING
      • Article, Illustration
        Lock icon Electric style
        698 18  -  The Honda CR-Z’s cutting-edge hybrid technology and agile handling are appealing features. By Samuel Ee samuelee@sph.com.sg TO the casual observer, it may seem like Japanese models have been overtaken by the Germans with their superior drivetrain technology and left by the wayside. But that’s not totally true. Toyota
        698 words
      • Article, Illustration
        Lock icon A refined beauty
        688 19  -  The Hyundai i40 Wagon has the Korean carmaker’s typical sculpted look as well as a more distinctive and sensuous profile. By Samuel Ee samuelee@sph.com.sg HYUNDAI’S “fluidic sculpture” design philosophy has produced two pretty but somewhat similar looking sedans of varying size the i45 and the Elantra. Now,
        688 words
      • Article, Illustration
        Lock icon Happy hatchday
        669 20  -  The VW Golf GTI Edition 35 features a number of anniversary additions. By Samuel Ee samuelee@sph.com.sg IS it possible for the accomplished Volkswagen Golf GTI to be an even more fun drive? The answer, apparently, is yes. And it comes in the form of the VW Golf GTI
        669 words
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      35 5 Tohn Erdos V\(Dyy\Q, 57 TODAY TOMORROW ONLY 10AM-5PM UNDER THE TENT IN THE CARPARK AT 7A 7B DEMPSEY ROAD FOR FULL DETAILS, A MAP TERMS OF SALE GO TO: www.johnerdos.com.sg FURNITURE RUGS LAMPS GIFTS ACCESSORIES
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      107 7 ihi M a' mm ’k fsr 1) fc v fi k j i 'jzkr S Sk 0 iM r pswwl We're giving away Star Cruises Holidays from January to March 2012, starting with a 3-Night Penang Phuket Krabi Cruise for 2 worth $1,400*. For your chance to win, simply upload
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      70 8 / 9 Travel WatchW English Premier League football package nliue jn the UK! ArseKo.1 vs. mokU; Tofcte.Kko.iivi; okcA. Ckelseo Ckelseo. vs. moku, okcI TofcfceKkorvi McxkU vs. Liverpool Scheduled match dates: from 22/1 to 21/4 J* Match package includes: ’Accommodation in London for Arsenal/Chelsea •Accommodation in Manchester for ManU VIP seats, buffet meals
      70 words
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