The Business Times, 4 February 2012
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2012-02-04
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The Business Times
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Title Section21 2012-02-04 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g| FEBRUARY 4-5, 2012 S$1.00| S$1.00| MICA (P) 121/08/2011 S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION21 words
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Article27 2012-02-04 1 EMERGING MARKETS MARK Mobius says he remains bullish about emerging markets this year as valuations are still near all-time lows. 227 words
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35 2012-02-04 1 India’s 2G scandal “THE whole thing is in a mess,” an Indian judge said of the country’s telecommunications policy 14 years ago. The remark remains relevant in 2012.| 535 words
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Article34 2012-02-04 1 japan’s corporate woes JAPAN’S Panasonic Corp forecast a record annual net loss of US$10.2 billion yesterday, joining beleaguered rivals Sony and Sharp in a sea of red ink. 834 words
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Article27 2012-02-04 1 WEN MEETS MERKEL CHINA’S premier pledged to help Europe fight its debt crisis during a meeting with German Chancellor Angela Merkel. 2227 words
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Article, Illustration945 2012-02-04 1 Jobless rate drops to near three-year low of 8.3%, indicating that last quarter’s growth has carried into 2012 Bloomberg Reuters Washington THE US economy created jobs at the fastest pace in nine months in January and the unemployment rate dropped to a near three-yearBloomberg; Reuters; BLOOMBERG - 945 words
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Article, Illustration1042 2012-02-04 1 Joyce Hooi - 12 teams with Silicon Valley dreams go through high-speed grind with telco By Joyce Hooi joyceh@sph.com.sg Singapore THERE is a corner of the SingTel empire where people have taken to scribbling on walls. This streak of vandalism, however, has been endorsed by its group1,042 words
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Page 1 Advertisements
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Advertisement8 2012-02-04 1 the OBITUARY Toh Chin Chye, Former DPM 38 words
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Advertisement9 2012-02-04 1 THE RAFFLES CONVERSATION RED HAT CEO JIM WHITEHURST 10-119 words
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Advertisement6 2012-02-04 1 WEALTH On stock buying criteria 336 words
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TOP STORIES
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572 2012-02-04 2 Genevieve Cua - Valuations remain near all-time lows; possible QE3 gives added boost By Genevieve Cua gen@sph.com.sg Singapore EMERGING markets guru Mark Mobius says he remains bullish about emerging markets this year as valuations are still near all-time lows. The third round of quantitative easing (QE3) by572 words
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MARKETS
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Article59 2012-02-04 2 GSTI 2,917.95 (+16.91) GSTI FUTURES 2,918 (+17) GSIMSCI 335.75 (+1.89) GSIMSCI FUTURES 335.80 (+0.80) STOCKS Friday Change KL COMP 1,538.77 +1.68 NIKKEI 225 8,831.93 -44.89 HANG SENG 20,756.98 +17.53 SET 1,098.95 +7.28 JAKARTA 4,015.95 -0.95 MANILA 4,758.57 -63.51 KOSPI 1,972.34 -11.96 SHENZHEN B 593.50 +2.65 MUMBAI IND 17,604.96 +173.1159 words
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Article49 2012-02-04 2 FOREX US$ S$ US$ (S$ per US$) 1.247 (US$/S$ per 1.582 1.973 EURO(US$/S$/E) 1.315 1.639 Foreign currency per US$ S$ YEN 76.20 61.10 RM 3.014 2.417 HK$ 7.756 6.221 BAHT 30.90 24.78 RUPIAH 8,990 7,210 RENMINBI 6.304 5.056 INDIAN RUPEE 48.89 39.21 A$ 0.935 0.750 NZ$ 1.203 0.96549 words
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Article29 2012-02-04 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.727 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg29 words
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Article, Illustration970 2012-02-04 3 Anna Teo - PAP co-founder and former DPM lauded for historic role in nation’s development Dr Toh Chin Chye (Dec 10, 1921 Feb 3, 2012) By Anna Teo anna@sph.com.sg Singapore FORMER deputy prime minister Toh Chin Chye founding chairman of the People’s Action Party (PAP) andFILE PHOTO - 970 words
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531 2012-02-04 3 HE was a hawker who became an academic and later Deputy Prime Minister in Singapore’s first Cabinet. Dr Toh Chin Chye who had a PhD in physiology from the University of London worked as a hawker’s assistant and grew potatoes and tapioca during the531 words
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533 2012-02-04 4 Grace Leong - Manager says he’s made scapegoat amid probe into rate manipulation By Grace Leong gleong@sph.com.sg Singapore AN ex-manager of the Royal Bank of Scotland, which is being investigated by US and European regulators for alleged manipulation of London interbank offered rates (Libor),533 words
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Article, Illustration1229 2012-02-04 5 Robin Jeffrey - Move to revoke licences issued unfairly in 2008 leaves industry and users at a loss By Robin Jeffrey ~The author is Visiting Research Professor at the Institute of South Asian Studies, National University of Singapore “THE whole thing is in a mess,” anAP - 1,229 words
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Article, Illustration1091 2012-02-04 6 Steep valuations, runaway hype make for dangerous waters for investors REUTERS San Francisco IT’S the year’s hottest initial public offering, but some wealth managers find themselves having a hard time recommending Facebook to their clients. The world’s biggest social network is expectedREUTERS; AFP - 1,091 words
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448 2012-02-04 7 Lynn Kan - Contractors see local firms gaining due to modest size of jobs By Lynn Kan lynnkan@sph.com.sg Singapore CIVIL engineering companies here are eyeing the increased government spending and focus on drainage issues with interest. But analysts say that the bigger budgets to dam up Singapore’s higher448 words
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Article, Illustration540 2012-02-04 7 Lee U-Wen - He hopes for more babies in year of dragon By Lee U-Wen leeuwen@sph.com.sg Singapore WITH the fertility rate trending downwards over the years, Singapore will have to depend on immigrants to make up the numbers in the long run,TED CHEN/THE STRAITS TIMES - 540 words
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Article, Illustration772 2012-02-04 8 Anthony Rowley - IMF deputy MD says test results will be published later this year By Anthony Rowley bt wo rl d @s p h .co m .sg Tokyo JAPANESE banks are running “stress tests” on their large exposures to Japanese Government Bonds (JGBs) and howBLOOMBERG - 772 words
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640 2012-02-04 8 Loss is due to big restructuring charges and writedowns Reuters Tokyo JAPAN’S Panasonic Corp forecast a record annual net loss of US$10.2 billion yesterday, joining beleaguered rivals Sony and Sharp in a sea of red ink as they struggle to fix theirReuters - 640 words
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Page 2 Advertisements
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Advertisement65 2012-02-04 2 CONTENTS 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 Cover Story L2-4 Destination Dining L5-7 Travel L8 Style65 words
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Page 4 Advertisements
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Advertisement357 2012-02-04 4 WAT5J NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF YEN DELTA PTE. LTD. Company Reg. No. *****0795C (In Members’ Voluntary Winding Up) At Extraordinary General Meeting of the abovenamed Company held at 8 Bukit Arang Road, Singapore *****1 on 31 January 2012 at357 words
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Advertisement385 2012-02-04 4 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF IMPSA SINGAPORE PTE. LTD. Company Registration No. *****2297C (IN MEMBER’S VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the abovenamed Company was deemed to have been held on 1 February 2012, the following resolutions were385 words
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Page 5 Advertisements
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Advertisement380 2012-02-04 5 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SAVANA PTE. LTD. Company Registration No. *****2571E (IN MEMBER’S VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the abovenamed Company was deemed to have been held on 1 February 2012, the following resolutions were duly380 words
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Page 6 Advertisements
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Advertisement49 2012-02-04 6 FEBRUARY ISSUE OUT NOW! I i GOLD DIGGING BEST BETS FORTHE OSCAR BRING BACK THE BLING WHY EXCESS HOT HUES, BOLD PRINTS AND SHORTj HEMLINES TURN UP THE HEAT <*■ ON*-'* .40 $5 THE TOP ROMANTIC SPOTS for UNFORGETTABLE GETAWAYS and DINNER DATES! BAZAAR SPA AWARDS 2012 WINNERS REVEALED spnmagazines49 words
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Page 7 Advertisements
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Advertisement62 2012-02-04 7 Check out these positions and seven hundred more in CATS Recruit Executive Appointments in The Straits Times now! Abbott has a vacancy for a Procurement/ Sourcing Manager Acer has a position open for an Account Manager, Corporate Sales Sentosa is recruiting a Manager in Research Statistics Harvey Norman is hiring62 words
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WEEK IN REVIEW/WEEK AHEAD
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THIS WEEK | Jan 30 – Feb 3, 2012
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59 2012-02-04 9 BUSINESSES here are hoping for measures to prop up jobs and productivity ahead of an expected slowdown. CEOs of companies across sectors, responding to BT’s call for views on what they wish to see in Budget 2012, said that they would appreciate some help59 words
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61 2012-02-04 9 THE Singapore Airshow is set to be bigger and more spectacular than it was two years ago. Jimmy Lau, managing director of Experia, the show’s organiser, said that as the largest in Asia and one of the top three in the world, the Singapore61 words
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43 2012-02-04 9 THE Infocomm Development Authority will require telecommunications players in Singapore to raise the level of mobile phone coverage, and plans to mete out a much more severe penalty to those who don’t meet the new standards.43 words
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52 2012-02-04 9 BARRING a deterioration in the local lending climate and unforeseen economic developments, Spring Singapore does not think it will have to repeat a move it made in 2009, when it rolled out additional loan programmes to boost financ- ing to small- and medium-sized52 words
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74 2012-02-04 9 PRICES for small apartments islandwide as well as for larger apartments outside the Central Region rose about twice as fast as prices of larger apartments in the Central Region last year. According to flash estimates released by the National University of Singapore for74 words
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50 2012-02-04 9 THE unemployment rate in Singapore fell to a 14-year low in 2011, but job losses rose in the final quarter of the year as the economic outlook deteriorated sharply. The overall unemployment rate stayed at 2 per cent in December, unchanged from September.50 words
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32 2012-02-04 9 MANUFACTURERS in Singapore remain gloomy about business prospects for the first six months of 2012, according to a survey conducted by the Economic Development Board.32 words
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40 2012-02-04 9 RISING rentals for commercial and industrial space have emerged as a pressing issue for SMEs, and the fingers are pointed squarely at the dominance of real estate investment trusts or Reits as landlords.40 words
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Article, Illustration22 2012-02-04 9 Facebook’s IPO may value the company at US$100b. Its filing to the SEC on Wednesday showed explosive revenue growth. BLOOMBERGBLOOMBERG - 22 words
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47 2012-02-04 9 HONG Kong unveiled HK$80 billion (S$13.2 billion) worth of measures to support its economy and people on Wednesday, but warned that the outlook for exports is grim and the risk of a sharp deterioration in the external environment is increasing.47 words
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69 2012-02-04 9 FACEBOOK’S initial public offering to raise US$5 billion might be the largest in Internet history, but deep-pocketed investors are not rushing to “friend” it. The retail investor without access to earlier private Facebook deals might have missed this in their Newsfeed: those who moved first69 words
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42 2012-02-04 9 A PLUM 99-year leasehold private condo plot at Jervois Road drew a whopping 17 bids on Thursday, attesting to the site’s choice location and relatively affordable investment size for the site’s development.42 words
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57 2012-02-04 9 AMID bullishness on Las Vegas S an d s C or p s LV S s t e ll ar fourth-quarter earnings and its first-ever dividend payout, analysts have cast the spotlight on Marina Bay Sands’ (MBS) higher bad debt57 words
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Article78 2012-02-04 9 NEXT WEEK Feb 6-10,2012 US DATA Feb 9 Dec wholesale inventories Feb 10 Dec trade balance Feb Mich sentiment CHINA DATA Feb 8 Jan consumer/producer price index Feb 9 Jan trade balance SINGAPORE DATA Feb 7 Jan international reserves EVENTS Feb 7 German Chancellor Angela Merkel to give speech on78 words
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Page 9 Miscellaneous
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Miscellaneous305 2012-02-04 9 Across 1 The man’s fear of Spain (8) 5 Dash off short piece extremely well (6) 10 Woke up before a period ended (4,2,1,4,4) 11 Devious slash (7) 12 Generous artist included in defamatory publication (7) 13 Vessel carrying right flag (8) 15 Guiding beliefs in Soviet hospitals (5) 18305 words
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Miscellaneous11 2012-02-04 9 SATURDAY with Ludwig ‘I’m on Facebook, Dad can I friend IPO?’11 words
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THE RAFFLES CONVERSATION
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Article, Illustration2072 2012-02-04 10 / 11 Victoria Ho - CEORed Hat chief Jim Whitehurst’s corporate life took an unexpected turn on 9/11 but he now takes pride in his firm’s status as the underdog in the big bad world of software companies. By Victoria Ho By Victoria Ho vhoip@sph.com.sg JUST hours after catastrophe struck on the2,072 words
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COMPANIES
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Article338 2012-02-04 12 Kelly Tay - Volume surges 62.7% in January while value traded rises 46.8% to $24.5b By Kelly Tay kellytay@sph.com.sg Singapore TRADING activity in the securities market soared last month, with overall volume jumping 62.7 per cent to 24.6 billion shares, compared to December’s 15.1 billion shares. Overall value338 words
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Article, Illustration670 2012-02-04 12 Michelle Tan - By Michelle Tan michtyz@sph.com.sg Singapore CAPITALAND has unveiled key appointment changes, in line with its ongoing effort to groom younger talent for leadership roles. “Younger talent who have been groomed over the last several years will assume leadership roles to bring the group to the nextBLOOMBERG FILE PHOTO - 670 words
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181 2012-02-04 12 Kelly Tay - By Kelly Tay GOLDTRON’S longest-serving board member, Low Seow Chye, has resigned from his position as the company’s lead independent director. In a surprising turn of events, Goldtron announced Mr Low’s resignation through a filing to the Singapore Exchange yesterday evening, citing his181 words
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Article, Illustration403 2012-02-04 13 Siow Li Sen - Debt issuers have raked in $1.8 billion in almost five weeks, helped by the rise in the Singapore dollar By Siow Li Sen lisen@sph.com.sg Singapore THE local debt market continues to buzz, with Keppel Corp the latest to tap investors yesterday with a403 words
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176 2012-02-04 13 Reuters Mumbai FORTIS Healthcare (India) Ltd plans to raise US$300 million by spinning off its non-core business into a separate company, which will then be listed on the Singapore Exchange (SGX), a report in the Economic Times newspaper said. Hospitals operator Fortis, controlledReuters - 176 words
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Article, Illustration338 2012-02-04 13 Carine Lee - By Carine Lee carinel@sph.com.sg Singapore SINGAPORE-LISTED electronics manufacturing service provider Valuetronics Holdings Ltd yesterday posted net profit of HK$31.49 million (S$5 million) for the third quarter ended Dec 31,2011, a 0.3 per cent year-on-year decline from HK$31.57 million. Third-quarter revenue grew 18 per338 words
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Article, Illustration978 2012-02-04 14 R Sivanithy - STOCKS R Sivanithy sivan@sph.com.sg Senior correspondent HIGH liquidity provided ample support for the Straits Times Index (STI) this week as the index gained a net one point over the five days at 2,917.95. But the real story lay in the explosion978 words
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301 2012-02-04 14 R Sivanithy - By R Sivanithy sivan@sph.com.sg Singapore LISTED property and retail group Second Chance Properties posted an 8 per cent increase in net profit to $9.6 million for the six months ended Dec 31, 2011. It proposed to amend its constitution to include301 words
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Article, Illustration166 2012-02-04 14 Re uters Bangkok THAILAND’S Total Access Communication pcl (TAC) said yesterday it had no plans to delist from the Singapore bourse after market talk pushed the Singa-pore-listed shares up more than 40 per cent. “The rumour is not true. We have a very small amount ofReuters; BLOOMBERG FILE PHOTO - 166 words
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432 2012-02-04 15 Kenneth Lim - Australian associate’s network provides ready platform for TCM retailer Eu Yan Sang By Kenneth Lim kenlim@sph.com.sg Singapore EU Yan Sang International has offered A$5 million to buy certain businesses of bankrupt Healthzone, an Australian firm in which the Singapore-listed traditional Chinese medicine retailer has432 words
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Article, Illustration578 2012-02-04 15 Arthur Lee - By Arthur Lee arthurl@sph.com.sg Singapore DOING business is often about who you know and it helps if you are on friendly terms with your bankers. This week, several thousand businessmen attended Lunar New Year gatherings hosted by the major banks to meet the top brass, fellowARTHUR LEE - 578 words
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Page 13 Miscellaneous
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Miscellaneous16 2012-02-04 13 SINGAPORE’S HOTTEST MORNING SHOW ;v) V o ROD MDNTEIRD THE MARRIED MEN WEEKDAYS BAM TD lOAM16 words
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FROM THE DESK OF
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Article, Illustration805 2012-02-04 16 Henry Lau - Optimization is transforming the way process manufacturers conduct their business, helping them to stay competitive and relevant to their customers FROM THE DESK OF Henry Lau Henry Senior vice-president and managing director Regional sales and services, Asia-Pacific AspenTech CCORDING to a report by the Deloitte Touche Tohmatsu805 words
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SINGAPORE
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Article, Illustration392 2012-02-04 17 Bryan Koh - Developer which applied for it to be released has committed to bid at minimum of $56.5 million By Bryan Koh bryankoh@sph.com.sg A 99-YEAR-leasehold hotel plot at Rangoon Road will soon be launched for sale by public tender after an unnamed party made392 words
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321 2012-02-04 17 Michelle Tan - By Michelle Tan michtyz@sph.com.sg THE Law Society of Singapore’s latest edition of Conditions of Sale 2012 for property transactions seem to stand more on the side of future buyers than sellers, according to an expert. For instance, new conditions protecting the buyer’s interest include a321 words
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Briefing
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64 2012-02-04 17 OMNICOM Media Group, the media services division of Omnicom Group, has appointed Autumn Martin as director of digital media. Her new appointment will see her looking into enhancing local digital offerings for the business and value-add to the group’s digital expertise. She will relocate64 words
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87 2012-02-04 17 SWITZERLAND’S University of St Gallen has opened a new campus in Singapore, St Gallen Institute of Management in Asia (SGI). SGI is a tertiary institution, focusing on research-based education. The four core areas of focus of SGI are Business Development, Intercultural Competence,87 words
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291 2012-02-04 17 SINGAPORE and US reaffirmed their long-standing bilateral ties on Thursday as government officials from both sides met and discussed a wide-range of issues, including US foreign policy in Asia and key developments in the region. The discussions were held during Minister for Foreign Affairs291 words
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512 2012-02-04 18 Ronnie Lim - Shells books US$200m loss in Q4 as result of September fire; posts net profit of US$6.5b By Ronnie Lim ronnie@sph.com.sg SHELL’S Bukom refinery complex is fully operational again, and it has lifted all earlier force majeures it enforced on supplies of some products to512 words
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Article, Illustration393 2012-02-04 18 Eve Yeo - By Eve Yeo eveypyeo@sph.com.sg IT is hugely enthusiastic about how innovation can improve lives, but Singapore’s own global reputation for innovation is found wanting, according to a perception survey commissioned by General Electric (GE) and conducted among business executives. Second to only theSource: - 393 words
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Page 18 Advertisements
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Advertisement46 2012-02-04 18 SINGAPORE’S PREMIER HOME-GROWN CAR MAGAZINE WHY WE SHOULD GO BIG OH MOTORCYCLES SWEDE TALK SAAB TECHNOLOGY we should be PEUGEOT 308 CC VW GOLF CABRIO RENAULT MEGANECC RED BENC THERE DONE THAT mm i-CR-Z CR-X HYBRID MEETS CLASSIC sefni V. _ii Join us on www.facebook.com/torque.singapore spnmagazines46 words
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WORLD
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Article, Illustration616 2012-02-04 19 Wegelin said to have helped Americans hide over US$1.2 billion in assets and evade taxes Bloomberg New York WEGELIN Co, the 270-year-old private bank, became the first Swiss lender to be criminally charged in a broadening US crackdown on offshore firms suspected of helpingBloomberg; REUTERS - 616 words
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Article, Illustration505 2012-02-04 19 Bloomberg Washington US Treasury Secretary Timothy Geithner said the first non-bank financial companies deemed systemically risky will be named this year, and the department will release more plans for an overhaul of housing finance. “Those who are working to slow theBloomberg - 505 words
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601 2012-02-04 20 Nation now needs a combination of the bond deal and a second bailout to prevent a default AP Athens UNIONS and employers’ associations in Greece have rejected demands for private-sector wage cuts, despite pressure for the country to introduce strict austerity measures if itAP - 601 words
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254 2012-02-04 20 AFP Brussels EUROZONE private sector activity bounced back in January after four months of contraction, a key survey showed yesterday, with notable increases in the two biggest economies, Germany and France. The composite purchasing managers’ index (PMI) for services and industryAFP - 254 words
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344 2012-02-04 20 Reuters London ICAP, the world’s largest interdealer broker, said that it was cutting both jobs and its forecast for full-year profit because of weaker trading linked to the eurozone crisis. Chief executive Michael Spencer also said on Wednesday that regulators were making slow progressReuters - 344 words
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Article, Illustration569 2012-02-04 21 Deluge leaves 7,275 residents isolated, prompting military airlift AFP Sydney MAJOR flooding hit parts of Australia’s east yesterday, stranding thousands of residents, prompting a military airlift and leaving some communities accessible only by helicopter. The deluge, which has sparked dozens of rescues and leftAFP - 569 words
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Article398 2012-02-04 21 Reuters San Francisco GOOGLE Inc has been quietly policing its online store for months now in an acknowledgement of malware’s growing threat to its increasingly popular Android mobile software. The new sheriff in town is Bouncer: a security service that Google put in place to scanReuters - 398 words
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Briefing
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72 2012-02-04 21 Reuters Bangalore India’s services sector grew at its fastest pace in six months during January as new business swelled, extending the previous couple of months’ positive trend into the new calendar year, a survey showed. The HSBC Business Activity Index,Reuters - 72 words
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67 2012-02-04 21 Reuters Zurich Swiss competition authorities said yesterday they had opened an investigation into banks, including UBS and Credit Suisse, to see whether traders might have colluded to influence interbank lending rates. Comco said it had received information of possible collusion between derivativeReuters - 67 words
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46 2012-02-04 21 Reuters Beijing China will slow the pace of yuan appreciation over the next 12 months to help insulate exports from global economic uncertainties that have sparked fund outflows from the world’s second-largest economy, according to a Reuters poll. ReutersReuters - 46 words
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50 2012-02-04 21 Reuters Hong KongHutchison 3G has signed an agreement to buy a 100 per cent stake in Orange Austria from France Telecom and a private equity firm for 1.3 billion euros (S$2.1 billion) in enterprise value, a source told Reuters yesterday. ReutersReuters - 50 words
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237 2012-02-04 22 Bloomberg Shanghai CHINA will limit mortgage loans for home purchases by foreigners to stem overseas investment in its property market as part of efforts to cool prices. The nation’s planning agency won’t approve medium- and long-term foreign debt quotas for overseas banks in 2012,Bloomberg - 237 words
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Article, Illustration716 2012-02-04 22 Beijing wants ‘strategic partnership’ with Germany; keeps silence on Iran, human rights AP Beijing CHINA’S premier pledged to help Europe fight its debt crisis during a meeting yesterday with German Chancellor Angela Merkel, but a ruling party newspaper criticized sanctions on Iran.AP; REUTERS - 716 words
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Page 20 Advertisements
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Advertisement25 2012-02-04 20 r www.omy.sg O.'* i oosjajHFtt m«! “anwaa HIS£&7?” 1 V /I Radio I on the iO03 SCREEN showbiz.omy.sg Download FREE QR Code Reader, e.g. BeeTagg25 words
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Page 22 Advertisements
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Advertisement16 2012-02-04 22 Start-upBootcamp tohelpdevelop leading technology companies companies rI£ij MkJlPjlll To subscribe, call 6388-3838 or go to sphsubscription.com.sg16 words
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Article8264 2012-02-04 23 Transaction date: Feb 3 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 19.5 11.6 8Telecom 13.5 14.5 7.8 4.5 2.8 64.7 9.5 4 A-Sonic 5.3 +0.2 30 5.3 5.3 5.4 6.3 2.5 2 37.98,264 words
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Article1759 2012-02-04 26 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 $mil 34 12.1 t 800 Super 15.8 +0.4 87 17.4 15.4 15.4 15.9 4.7 3.5 6.1 28.3 5.5 2.5 t AA Grp 3.3 2.7 4 15.71,759 words
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Article186 2012-02-04 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 5 1 0 0 0 10 5 1 Manufacturing 88 37 38 6 7 9 94 44 47 Commerce 35 14 18 3 4 5 38 18 23 Tpt/Stor/Comms 19 11 11186 words
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Article844 2012-02-04 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jan 30 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) MDR Ltd 1-Feb-12 Wong Kingcheund Kevin *Buy *****0 na *****4 9.42 *****4 13.53 Eucon Hldg Ltd 1-Feb-12844 words
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Article119 2012-02-04 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 43,275 43,275 119,117 119,117 Manufacturing 621,034 142,206 763,240 242,895 1,502 244,397 Commerce 560,824 23,689 584,513 159,913 986 160,899 Tpt/Stor/Comms 194,012 23,728 217,740 292,368 3,777 296,145 Finance 24,369 24,369 161,831 161,831 Construction 128,377 162,947 291,324 17,200119 words
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Article80 2012-02-04 27 Feb 2 COCOA (£/tonne) Close Prev High/Low Mar 12 1449 1443 1466/1442 May 12 1465 1460 1483/1460 Jul 12 1480 1475 1499/1475 Sep 12 1491 1486 1508/1485 COFFEE(US$/tonne) Close Prev High/Low Jan 12 1800 1819 1819/1794 Mar 12 1826 1848 1845/1821 May 12 1854 1876 1866/1849 Jul 12 188080 words
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Article71 2012-02-04 27 Feb 3 GOLD(US$/oz) Feb 02 Feb 03 Hong Kong 1759.00 1767.50 Feb 03 Feb 01 Feb 02 London 1748.86 1758.86 1749.63 1759.63 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 43.09 42.43 Source: UOB PLATINUM/ Lon (US$/oz) Feb 02 Close Previous PM Fix 1620.00 1611.00 AM Fix 1619.0071 words
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Article60 2012-02-04 27 Feb 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 12 3050.0 3052.0 3063.0 3048.0 77 546 Mar 12 3074.0 3082.0 3082.0 3049.0 1709 9342 Apr 12 3066.0 3085.0 3085.0 3050.0 ***** ***** May 12 3060.0 3080.060 words
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Article79 2012-02-04 27 Feb 3 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 03-May-12 0.33 1-Year BY*****W 01-Nov-12 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 99.92 5-Year N*****0W 1.125 01-Apr-16 102.6 GOVERNMENT BONDS 10-Year NX*****X79 words
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Article154 2012-02-04 27 Feb 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3332 1.3339 1.0694 1.0697 Canadian dollar 1.2469 1.2477 1.0002 1.0006 Euro 1.6388 1.6393 1.3145 1.3146 NZ dollar 1.0364 1.0370 0.8313 0.8316 Sterling pound 1.9725 1.9733 1.5822 1.5824154 words
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Article, Illustration89 2012-02-04 27 As on 2 February 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT APR2012 1762.30 1743.90 1759.50 579 CURRENCY AUD-USD FUT MAR2012 1.0677 1.0634 1.0655 114 EUR-USD FUT MAR2012 1.3194 1.3087 1.3147 5852 USD-JPY FUT MAR2012 76.12 76.06 76.10 120 BASE METAL89 words
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Article103 2012-02-04 27 Feb 2 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Mar 12 1217.00 1215.25 1225.00 1206.25 May 12 1225.50 1224.25 1233.50 1215.25 Jul 12 1235.00 1232.75 1242.50 1224.00 Aug 12 1232.75 1230.50 1238.00 1230.00 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Mar 12 51.19 51.18 51.34 50.86103 words
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Article75 2012-02-04 27 Feb 2 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 111.42 -0.80 WTI (Near Mth) 96.69 -0.76 Dubai (1-Mth F) 108.67 -0.23 Tapis blend 118.27 0.15 Minas 117.07 0.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107.44 0.22 Jet Kerosene 127.20 0.45 US$/barrel Opec Oil Basket Price75 words
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Article118 2012-02-04 27 Feb 03 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.367 1.302 Can dollar 1.271 1.223 Euro 1.67 1.606 Sterling pound 2.01 1.933 NZ dollar 1.066 1.016 US dollar 1.266 1.218 Local dollars to 100 units of foreign currency: Currencies Sell118 words
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Article69 2012-02-04 27 Feb 2 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2158.75 2228.50 3 months 2195.00 2265.00 Copper, Grade A (US$/tonne) Cash 8322.25 8418.25 3 months 8345.00 8440.00 Lead (US$/tonne) Cash 2133.00 2205.25 3 months 2164.00 2235.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0069 words
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373 2012-02-04 27 In local curr In S$ In US$ dy yr dy yr dy yr Feb 2 Index Change Change Change Change Change Change World Preliminary 875.7 0.2 5.5 -0.3 2.3 0.1 6.5 EAFE Preliminary 720.0 0.4 5.6 -0.1 3.3 0.2 7.5 Europe Preliminary 1084.4 0.2 5.6373 words
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Article, Illustration91 2012-02-04 27 YTD change: +10.26% 52-week high: 3,232.99 on Feb 7,2011 52-week low: 2,521.95 on Oct 5,2011 Source: Bloomberg YTD change:+12.60% 52-week high: 24,468.60 on Apr 8,2011 52-week low: 16,170.30 on Oct 4,2011 Source: Bloomberg YTD change: +3.99% 52-week high: 12,876.00 on May 2,2011 52-week low: 10,404.40 on Oct 4,2011Source: Bloomberg - 91 words
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PERSPECTIVE
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Article, Illustration1160 2012-02-04 28 / 29 Mark Cliffe - Even the US, with its own dysfunctional political process, has recently been outperforming Europe. By Mark Cliffe By Mark Cliffe ~The writer is global chief economist, ING Bank CAN the global economy shake off the euro flu? So far the answer hasBLOOMBERG - 1,160 words
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Article, Illustration802 2012-02-04 28 / 29 David Robinson - By David Robinson ~The writer is a Professor of Finance and the William and Sue Gross Distinguished Research Fellow at Duke University’s Fuqua School of Business Lambasting your political opponents is nothing new in a hardscrabble primary election. But lambasting your opponents because they areAFP - 802 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1435 2012-02-04 30 / 31 Shane Oliver - WEALTH INSIGHT Shane Oliver AMP Capital Investors ~The writer is head of Investment Strategy and chief economist at AMP Capital Investors OUTSIDE of the troubled countries in Europe, government bond yields in developed countries have fallen to generational, and in some cases, recordSource: - 1,435 words
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Article803 2012-02-04 30 / 31 Conrad Tan - Singapore: Thematic Report Compiled by Conrad Tan DBS Group Research Feb 2 “Risk on” trades are back on as the immediate danger of a euro zone-led global financial crisis recedes. Refinancing costs have fallen across most of Europe while the euro has rebounded. Across the Atlantic, US economic803 words
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Article, Illustration919 2012-02-04 32 Genevieve Cua - Republic is the most progressive globally and is trust jurisdiction of choice among Asia’s high net worth: leading lawyer Genevieve Cua gen@sph.com.sg Personal Finance Editor SINGAPORE is “without doubt” the most progressive trust centre in the world, says Gurbachan Singh, managing partner at KhattarWong andARTHUR LEE - 919 words
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Article, Illustration1055 2012-02-04 33 Teh Hooi Ling - Including dividend yield in the decision appears to capture the cream of the crop SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior correspondent TWO weeks ago, I tested the strategy of buying baskets of stocks with varying ratios of dividend yield to price-to-bookCompiled by BT - 1,055 words
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WEALTH REAL ESTATE
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Article430 2012-02-04 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JAN 4 AND JAN 10, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 05/01/2012 99 657 1520 2314 District 4 NON-LANDED The Interlace430 words
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Article, Illustration449 2012-02-04 34 AP Los Angeles THE chief executives of some of America’s biggest homebuilding companies said on Thursday that they feel the housing market has stabilised. But they were careful not to be overly optimistic even with the spring home-selling season coming up. A yearAP; BLOOMBERG - 449 words
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Article, Illustration1362 2012-02-04 35 They are purchasing obsolete commercial buildings and converting them into luxury apartments Bloomberg London MORE people will be making their homes among the banks and insurance companies of central London as a shrinking financial industry and the prospect of leasing out buildings for freeBloomberg; BLOOMBERG - 1,362 words
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Page 36 Advertisements
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Advertisement36 2012-02-04 36 CONGRATULATIONS NOVAK. THREE-TIME AUSTRALIAN CHAMPION, WINNER OF THE LONGEST GRAND SLAM FINAL IN HISTORY. WORLD NUMBER ONE. 4F V J*V 41 t A A V iUDEMARS PlGUET Le Brassus For enquiries, Tel: (65) 6238 6678 audemarspiguet.com36 words
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Advertisement60 2012-02-04 1 LivingBTTHE BUSINESS TIMES WEEKEND FEBRUARY 4-5 2012 UNEXPECTED OPULENCE Four up-and-coming but often overlooked regional destinations L2-4 GOLF Ladies’ golf: more needs to be done L17 PERSONAL SPACE Beyond the bamboo curtain L10-11 DESTINATION DINING On the food trail in Japan L5-7 STYLE Boss calls the shots L9 HEALTH 'Manly'60 words
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TRAVEL
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Article, Illustration2457 2012-02-04 2 / 3 Debbie Yong - Bored with Bali and tired of Phuket? Check out four up-and-coming but often overlooked regional destinations for the next wave of luxe travel. By Debbie Yong By Debbie Yong debyong@sph.com.sg Myanmar MYANMAR’S gradual emergence from political isolation is not being watched keenly only by political pundits travellers lookingMINOR GROUP - 2,457 words
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Article, Illustration901 2012-02-04 8 Corinne Kerk - While the t rm may seem incongruous,. Banyan Tree Macau proves that this concept can work surprisingly well. By Corinne Kerk By Corinne Kerk btnews@sph.com.sg IT’S a crazy town, Macau. There’s the chaotic mix of Eastern and Western architecture, cuisines, cultures and languages in this former Portuguese colony,PHOTOS COURTESY OF BANYAN TREE HOTELS AND RESORTS - 901 words
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DESTINATION DINING
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Article, Illustration2627 2012-02-04 5 Jaime Ee - Jaime Ee discovers a gem hidden among Tokyo’s crowd of Michelin-starred eateries Jaime Ee jaime@sph.com.sg SINCE the Michelin guide formally and loudly cemented Japan’s reputation as a culinary paradise, two things have happened. One, it opened up a lucrative international market for the country’s rated chefs who enjoy2,627 words
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STYLE
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Article, Illustration743 2012-02-04 9 Melissa Lwee-Ramsay - Hugo Boss’s high-end men’s line, BOSS Selection, weathers the fiscal storms with a sturdy rudder of precision workmanship melded with savvy designs as Melissa Lwee-Ramsay finds out in Metzingen, Germany Melissa Lwee-Ramsay mellwee@sph.com.sg IT is a cold, quiet Friday afternoon in the Technology and Service CentrePHOTOS: BOSS SELECTION - 743 words
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HOME & GARDEN
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Article, Illustration1125 2012-02-04 10 / 11 Geoffrey Eu - Architect Sim Boon Yang comes home to a rectangular Modernist box which is curiously in sync with its locale. personal space By Geoffrey Eu btnews@sph.com.sg THE first thing one notices about architect Sim Boon Yang’s new house is the bamboo curtain strung across the facade aPHOTOS: JOHN HENG - 1,125 words
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Page 12 Advertisements
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Advertisement684 2012-02-04 12 wine&dine with BTWeekend Bar on 5 Level 5, Mandarin Orchard Singapore 333 Orchard Road Z6831 6288 Bar on 5’s beverage menu features an array of spirited cocktails, acclaimed wines, premium whiskies and speciality coffees. In particular, look out for a wide selection of single malt whiskies from brands such as684 words
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HEALTH
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Article, Illustration744 2012-02-04 12 White House chef says change came about when Michelle Obama started a garden in 2009 AP Washington THE White House has fully embraced one of eating’s hottest trends seasonal cooking with ingredients grown at home. Presidential chef Cristeta Comerford credits the change in the foodAP - 744 words
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Article, Illustration771 2012-02-04 14 Cheah Ui-Hoon - ‘Manly’ problems have been getting men through clinic doors recently. By Cheah Ui-Hoon uihoon@sph.com.sg HAVING problems getting your man to the doctor for a check-up? Especially if he’s been constantly tired, unmotivated and irritable lately? Women might want to bring up their husbandsST FILE PHOTO - 771 words
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KEPPEL CLIPPER ROUND THE WORLD
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Article, Illustration605 2012-02-04 13 Vincent Wee - The race stopover here will help present S’pore as a regional sailing hub and destination for international sporting events. Reports by Vincent Wee btnews@sph.com.sg ON Saturday morning Singaporeans were treated to the by now familiar sight of the 10 68-foot yachts in the ClipperKEPPEL - 605 words
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Article, Illustration405 2012-02-04 13 BEN Bowley, the skipper of the Singapore Clipper, has also been thoroughly impressed with the reception that the home boat has received. “The reception here was certainly the best we’ve had since we left Southampton and I felt very proud to bring the boat in,” he says.HOWIE CHOO - 405 words
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GADGETS
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Article, Illustration602 2012-02-04 15 Rachel Loi; Christopher Lim - Two new laptops from Fujitsu and Asus show that though you get portability, you may have to compromise on tech features By Rachel Loi rachloi@sph.com.sg By Christopher Lim limchris@sph.com.sg Fujitsu Lifebook SH771 $2,288 Mention the buzzword “ultrabook” and many will think of tiny laptops with 11 -inch screens,602 words
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Advertisement28 2012-02-04 15 [«AT3 CLASSIFIED Moving? Let the experts sort it out for you. To find out more, turn to CLASS 115 239 in CATS Classified in The Straits Times now.28 words
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SPORT
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Article, Illustration613 2012-02-04 16 Lee U-Wen - Lindegaard injury gives him chance to stamp his authority as the Red Devil’s No 1 goalkeeper no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent IF ever the much-maligned David De Gea needed to stamp his authority as Manchester United’s number one goalkeeper once andAP - 613 words
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Article, Illustration602 2012-02-04 16 Christy Simson - kick off with Christy Simson JOHN Terry had, up until last night, perhaps the most influential job in British society as the captain of England’s football team. Former Manchester United defender Paul Parker told ESPN in an interview earlier this week that itREUTERS - 602 words
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GOLF
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Article, Illustration1495 2012-02-04 17 Justine Moss - There is potential in a number of young female golfers in Singapore but they need much more support. By Justine Moss By Justine Moss btnews@sph.com.sg TEN of the top female amateurs in Singapore teed off earlier this week in the Host Country QualifiersPHOTOS BY LUVIN A LIM - 1,495 words
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MOTORING
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Article, Illustration615 2012-02-04 18 Samuel Ee - The Mazda MX-5 has a distinctive character, driving a fine line between classic and old-fashioned. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THERE is a fine line between classic and old-fashioned, and the Mazda MX-5 roadster seems to be driving it. After the two-seater convertible was615 words
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Article, Illustration577 2012-02-04 19 Samuel Ee - The BMW 520i has a roomy cabin and is packed with systems, yet the power plant is surprisingly punchy. By Samuel Ee By Samuel Ee samuelee@sph.com.sg ONE unusual fact about the Singapore car market last year is that its most popular model was a premium, mid-sized577 words
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Article, Illustration625 2012-02-04 20 Samuel Ee - Such is their efficiency and reliability, there are about 150 units of the 10-year-old LS430 still on the road today. By Samuel Ee By Samuel Ee samuelee@sph.com.sg AS THE flagship limousine of the Lexus luxury range, it is not surprising to learn that the LS625 words
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