The Business Times, 15 February 2012

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Microfilm: NL31791
Total Pages: 30
1 30 The Business Times
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  • Title Section
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    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Wednesday, February 15, 2012
    25 words
  • Article, Illustration
    Lock icon Door opens wider for foreign law firms
    841 1  -  By GRACE LEONG [SINGAPORE] The Ministry of Law is proposing policy changes to make it even easier for foreign law firms to collaborate with their Singapore counterparts. At the same time, it will ensure that law firms maintain management control and reap a
    841 words
  • Article, Illustration
    Lock icon Business pessimism back at 2009 levels
    769 1  -  More than half of firms polled face bleaker prospects in next 6 months than a year ago By TEH SHI NING [SINGAPORE] Businesses have not harboured such pessimistic outlooks since the first quarter of 2009, the latest Business Times-UniSIMBusiness Climate Survey shows. The four
    Source: BT-UniSIM Business Climate Survey  -  769 words
  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      28 1 SINGAPORE MALAYSIA tr.SS HONG KONG 5.C0 INDONESIA TAIWAN JAPAN H1.727 1 475 KOREA 9,J3 US CANADA 3.25 .101) SWITZEKIANU INDIA 14 7'* Source: Bloomberg Source: Bloomberg
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    • Article
      Lock icon FOREX
      110 1 GST INDEX 2,987.41 (+11.07) GST INDEX FUTURES 2,987 (+11) GSIMSCI 343.94 (+0.39) GSIMSCI FUTURES 344.10 (+0.70) US$ S$ US$ (S$ per US$) 1.265 (US$/S$ per 1.572 1.989 EURO (US$/S$/E) 1.316 1.664 Foreign currency per US$ S$ YEN 78.00 61.60 RM 3.047 2.408 HK$ 7.753 6.129 BAHT 30.86 24.39 RUPIAH
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      546 2 Business pessimism back at 2009 levels BUSINESSES have not harboured such pessimistic outlooks since the first quarter of 2009, the latest Business Times-UniSIM Business Climate Survey shows. The four leading indicators remained negative for a second straight quarter and now point to slower growth of 3-3.3 per cent
      546 words
    • Article, Illustration
      Lock icon Europe markets unfazed by Moody’s downgrades
      707 2  -  Six countries downgraded, UK, France, Austria dealt negative outlooks By NEIL BEHRMANN in London EUROPEAN stock, bond and currency markets shrugged off Moody’s Investors Service’s downgrade of six European nations and a warning that the Triple A rating of France, Britain and Austria were
      REUTERS  -  707 words
    • Article
      Lock icon Strong rise in monthly income last year for all
      844 4  -  Data shows top 10% of employed households enjoying biggest jump By CHUANG PECK MING [SINGAPORE] Household monthly income for all income groups rose strongly last year, with average incomes at the top 10 per cent of employed households rising fastest, according
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    • Article, Illustration
      Lock icon Analysts see weaker US$ as risk appetite returns
      480 4  -  By EMILYN YAP [SINGAPORE] Analysts have trimmed their US dollar forecasts barely three months into the new year, as a surprising recovery in market sentiment sent investors away from the greenback towards riskier currencies, including the euro and the Singapore dollar. UBS
      AFP  -  480 words
    • Article
      Lock icon Court on why it rejected appeal against insider trading ruling
      706 4  -  By GRACE LEONG [SINGAPORE] The Court of Appeal issued a landmark grounds of decision yesterday detailing why it dismissed a bid by Kevin Lew to overturn a High Court ruling that found him liable in Singapore’s first civil penalty action
      706 words
    • Article
      Lock icon Expanding abroad less attractive for firms now
      399 4  -  Those still keen prefer Indonesia and M’sia now, instead of China last year By TEH SHI NING [SINGAPORE] Fewer companies have expansion on their minds now, given the uncertain economic outlook. And among those that do, Indonesia and Malaysia have overtaken China as
      399 words
    • Article, Illustration
      Lock icon Bombardier to set up maintenance base in Seletar
      388 4  -  By VEN SREENIVASAN [SINGAPORE] Canadian regional jetmaker Bombardier is poised to announce that it is setting up an MRO (maintenance, repair and overhaul) base in Seletar Aerospace Park (SAP). BT understands that the jetmaker has signed up for a runway-dependent plot under
      388 words
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      504 2 Foreign exchange markets Spot and forward currency instruments Date 22 23 March 2012 Time 9.00am to 5.00pm Venue Orchard Hotel Singapore Seminar Fees Client/ KPMG Alumni S$918 per participant Non-client S$1048 per participant Group discounts are available for multiple signups from the same organisation: Enjoy 5% discount for two or
      504 words
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      26 4 1 TFIND THE ONES THAT FIT! Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg to advertise. 1 ~> c r C.
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      121 5 IT’S NOT TV IT’S HBO! Leave nothing to chance. Luck takes a provocative look at the world of horse racing: the owners, gamblers, jockeys and the diverse gaming industry players. Stars award-winning actors Dustin Hoffman and Nick Nolte. jtk s S t M S' ORCHESTRA OF ORRUL CHARACTERS’ -LOS ANGELES
      121 words
  • COMPANY NEWS
    • Article, Illustration
      Lock icon CapitaLand Q4 profit down 20% at $477m
      603 5  -  The results brought CapitaLand’s full-year 2011 net profit to $1.06b By MINDY TAN PROPERTY giant CapitaLand yesterday posted net profit of $476.6 million for the fourth quarter ended Dec 31, 2011, a 20 per cent fall from the previous corresponding quarter’s restated earnings
      FILE PHOTO  -  603 words
    • Article
      Lock icon Volatility hits GE’s profit; Q4 net falls 19%
      476 5  -  But new business improves, dividend of 27 cents declared By EMILYN YAP GREAT Eastern Holdings, OCBC Bank’s insurance unit, saw its fourth-quarter net profit fall 19 per cent to $68.9 million from a year ago as financial market volatility ate into the
      476 words
    • Article
      Lock icon Fund flows into fixed income ETPs hit new high
      402 5  -  Investors on the prowl for yield: BlackRock By JAMIE LEE GLOBAL fund flows into fixed income ex-change-traded products (ETPs) hit a record last month as investors hunt for investment yield, data from BlackRock showed. Fixed income ETPs set a new global
      402 words
    • Article
      Lock icon Olam Q2 profit drops 12% on cotton woes
      576 7  -  But prices stabilising, and 7 more strategic investments coming by end-June: CEO By KENNETH LIM OLAM International yesterday reported a 12 per cent drop in second-quarter profit as demand waned for cotton and wood, but the commodity trader reiterated its commitment to
      576 words
    • Article
      Lock icon DBS China’s 2011 net profit doubles
      479 7  -  It plans to hire more staff this year and is eyeing more outlets By SIOW LI SEN DBS CHINA has doubled its full-year 2011 net profit to over RMB500 million (S$100 million) amid rapid growth and expects no let-up in the pace this year.
      479 words
    • Article
      Lock icon Mandatory clearing won’t hurt Asia oil swap trades
      295 7 Reuters SINGAPORE’S move to make all over-the-counter (OTC) derivative trades centrally cleared is just formalising current practice in the US$160-billion oil swap industry, trade sources said yesterday. About 80 per cent of oil swap trades in Asia, transacted in the OTC market
      Reuters  -  295 words
    • Article
      Lock icon GLP’s Q3 profit up 3.4%
      403 7  -  By BRYAN KOH ASIA’S largest provider of logistics facilities, Global Logistic Properties (GLP), posted a higher net profit of US$86.3 million for the third quarter ended Dec 31, 2011, helped by revenue growth and fair-value gains. The profit attributable to shareholders was 3.4 per cent
      403 words
    • Article, Illustration
      Lock icon Rotary aiming for another huge Saudi job at Jizan
      518 8  -  It’s been pre-qualified for deal which could be even bigger than its US$745m Jubail job By RONNIE LIM ROTARY Engineering, which has just clinched its fourth Saudi project worth US$34 million bringing its total Saudi haul to US$848 million is now
      FILE PHOTO  -  518 words
    • Article
      Lock icon Tat Hong Q3 profit leaps 178%
      341 8  -  By VICTORIA HO CRANE specialist Tat Hong Holdings has announced a 178 per cent jump in net profit to $13 million for its third quarter ended Dec 31, 2011, from $4.7 million a year earlier. This is on the back of a 43 per
      341 words
    • Article
      Lock icon Kian Ann Q2 earnings up 10.7% at $4.5m
      417 8  -  By CERELIA LIM KIAN ANN Engineering posted a 10.7 per cent rise in second-quarter net profit, driven by sales from non-Asian countries, higher interest income and foreign exchange gains. For the three months ended December 2011, the distributor of heavy equipment spare
      417 words
    • COMPANY BRIEFS
      • Article
        Lock icon HG Metal Q1 profit dives 92% to $429,000
        120 8 HG METAL Manufacturing’s net profit for the fiscal first quarter ended Dec 31, 2011 tumbled 92 per cent from a year ago to $429,000. This was despite a 59 per cent increase in revenue to $71.97 million which was mainly contributed by
        120 words
      • Article
        Lock icon Chemoil returns to black in Q4 with US$19.53m profit
        86 8 CHEMOIL Energy posted a net profit attributable to equity-holders of US$19.53 million for the fourth quarter ended Dec 31, 2011. The physical supplier to the marine fuel industry posted a loss of US$1.81 million a year ago. Revenue for the quarter
        86 words
      • Article
        Lock icon Bukit Sembawang Q3 profit falls 24% as revenue tumbles
        75 8 BUKIT Sembawang Estates’ net profit for the third quarter ended Dec 31, 2011 fell 24.4 per cent to $75.83 million from a restated $100.3 million for the year-ago period. Revenue tumbled 61 per cent to $118.86 million from a restated $304.7
        75 words
      • Article
        Lock icon Hour Glass posts 65% rise in Q3 profit
        96 8 THE Hour Glass posted net profit for the third quarter ended Dec 31, 2011 of $18.08 million, a 65 per cent increase from $10.94 million a year ago. Turnover for the quarter rose 18 per cent year on year to $169.67 million
        96 words
      • Article
        Lock icon Lum Chang Q2 profit rises on project recognition
        82 8 LUM Chang Holdings said its net profit for the fiscal second quarter ended Dec 31, 2011 rose 30 per cent from a year ago to $1.95 million. Revenue rose 97 per cent to $41.88 million due to the revenue recognition of three
        82 words
    • Article
      Lock icon STX OSV doubles Q4 net despite revenue fall
      455 8  -  Full-year net profit up 54.6%; demand likely to stay robust By LYNN KAN NORWEGIAN shipbuilder STX OSV Holdings more than doubled its fourth-quarter net profit to 638 million krone (S$140.9 million) from 294 million krone the year before. The fattened profits are
      455 words
    • Article
      Lock icon KepT&T joint venture fund buys London data centre
      239 8 A FUND linked to Keppel Telecommunications and Transportation (Keppel T&T) has completed its acquisition of a data centre in the UK, after two similar deals in Australia last year. Securus Data Property Fund (Securus Fund), a Sha-riah-compliant data fund centre jointly managed
      239 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Jardine group helps STI rise 11 pts
      572 6  -  But the broad market comes under pressure, with 185 advances against 233 declines STOCKS R SIVANITHY Senior Correspondent RISES in the Jardine group helped push the Straits Times Index (STI) up 11.07 points to 2,987.41, as traders bought in anticipation of Tuesday’s jumps
      Source: Bloomberg  -  572 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 6 Feb 14 VALUE CLOSE BT OB/OS 960.00-296.00 BT CADI -*****.00 -43.00 BT 10-day MA -*****.00 +96.00 FTSE ST Mid Cap 679.59 +2.69 FTSE ST Small Cap 465.57 -0.21 FTSE ST All Share 721.49 +2.51 FTSE ST China Top 231.82 +2.04 FTSE ST China 266.67 +4.03 FTSE ST
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 7 6 0 0 0 3 7 6 Manufacturing 52 73 40 8 4 11 60 77 51 Commerce 22 22 19 4 3 4 26 25 23 Tpt/Stor/Comms 18 15 7
      186 words
    • Article, Illustration
      Lock icon QUICKCHART by Maybank Kim Eng Research
      453 6 AusGroup Bulls in control Stock activity looks positive on both an intermediate and short-term time frame. The positive movement shows the bulls to be in control with prices staying above the key moving averages. The progressively higher highs hint at underlying strength. DMI is
      453 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,639 17,639 51,970 51,970 Manufacturing 468,902 76,786 545,688 293,073 908 293,981 Commerce 199,707 24,933 224,640 183,175 1,833 185,008 Tpt/Stor/Comms 198,140 26,974 225,114 283,244 4,654 287,898 Finance 24,971 24,971 127,702 127,702 Construction 184,897 42,838 227,735 41,742
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      109 6 Stock name Close Change CapMallsAsia 1.495 -0.015 CapitaLand 2.900 CapitaMall 1.750 -0.005 CityDev 10.770 -0.070 ComfortDelGro 1.490 +0.010 DBS Grp 13.680 +0.080 F&N 6.450 GLP 1.980 -0.010 Genting SP 1.695 -0.005 Golden Agri 0.770 -0.005 HK Land 5.540 +0.120 JMH 51.880 +0.860 JSH 30.720 -0.140 Jardine
      109 words
    • Article, Illustration
      Lock icon Yen skids; euro lifted by ZEW poll
      473 6 CURRENCIES Reuters [LONDON] The yen fell yesterday after the Bank of Japan (BOJ) eased monetary policy by expanding its as-set-buying scheme, but the impact on the currency may prove short-lived while nagging worries over the eurozone crisis keep it supported as a safe
      Reuters; REUTERS  -  473 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 6 VOLUME Artivision 128,031,000 Yoma 71,321,000 Noble Grp 63,571,000 Genting SP 62,965,000 ChinaNTown 61,058,000 Golden Agri 52,153,000 PSL Hldgs 50,660,000 Plastoform R 50,169,000 IPCO Intl 50,128,000 Centillion 49,299,000 VALUE($) Genting SP 106,022,730 Noble Grp 93,141,100 SingTel 91,978,110 STXOSV 61,013,260 SembMar 57,388,710 DBS Grp 54,939,160 Olam 49,545,335 Golden Agri
      56 words
    • Article
      Lock icon RISES
      114 6 BY CENTS CLOSE UP Jardine C&C 5030 110.0 2.2 JMH 5188 108.8 1.7 DBS Bk 4.7% NCPS 100 ***** 38.0 0.4 DBXT FTVietnam 10US$ 2280 29.1 1.0 DBXT MSEurope 10US$ 4353 29.1 0.5 Hyflux 6% CPS 10 ***** 20.0 0.2 UOB.ES.1202 1760 19.0 1.1 DBXT S&P Short 10US$ 3865
      114 words
    • Article
      Lock icon FALLS
      121 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -226.4 -1.1 DBXT MSTHAI 10US$ 1739 -123.9 -5.3 DBXT MSKorea 10US$ 5765 -49.3 -0.7 IS S&P500 ***** -35.4 -0.2 DBXT FTChina25 10US$ 2918 -27.8 -0.7 DBXT Nifty 10US$ ***** -20.2 -0.1 JSH 3072 -17.7 -0.5 H Royal 226 -16.0 -6.6 DBXT MSINDIA
      121 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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      Lock icon Page 7 Advertisements Column 1
      128 7 The Leading Global Finance Master Degree Program ss m m ?OD §9 as "*6 m rMaster of Science in Global Finance A ground-breaking one-year, modular, executive-format master degree program jointly developed by the HKUST Business School and NYU Stern School of Business, the MSGF Program takes the latest insights from
      128 words
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      Lock icon Page 7 Advertisements Column 2
      91 7 Only 19 fabulous bungalows for the discerning few For enquires: (65)*****869 (65)*****329 (86) 10 *****672 www.pearlisland.com.sg info@ximengland.sg Artist's impression Developer: Ximeng Land (S) Pte Ltd Developer Licence C0590 Leasehold 99 years Expected date of delivery of vacant possession 3 Mar 2013 Expected date of legal completion 3 Mar 2016 Lot
      91 words
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      628 8 >®t WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices LIAN BENG GROUP LTD (Incorporated in the Republic of Singapore) (Company Registration Number: *****2527Z) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Lian Beng Group Ltd (the “Company”) will be held at 29 Harrison
      628 words
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      160 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LIFESIZE COMMUNICATIONS, PTE LTD Registration no *****1265R (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Act, Cap. 50 that the Final Meeting of the
      160 words
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  • SINGAPORE NEWS
    • YESTERDAY IN PARLIAMENT
      • Article
        Lock icon Earlier news could have affected CPIB probe: Teo
        731 9  -  But both CNB and SCDF chiefs were placed on leave from day of arrest By LEE U-WEN THE arrests of the former heads of the Central Narcotics Bureau (CNB) and the Singapore Civil Defence Force (SCDF) were “normal procedure”, since there was
        731 words
      • Article
        Lock icon Sweet relief as ‘Lemon Law’ takes effect from September
        426 9  -  By EVE YEO CONSUMERS who find themselves stuck with defective products may have legal recourse as soon as September. An amendment to the Consumer Protection (Fair Trading) Act and Hire Purchase Act, which was introduced in Parliament yesterday, will see the
        426 words
    • Article
      Lock icon Engaging Myanmar is best way forward: Shanmugam
      462 9  -  By LEE U-WEN SANCTIONS against Myanmar will not help South-east Asia’s goal of achieving regional integration of its 10 member states by 2015, said Foreign Minister K Shanmugam in Parliament yesterday. He was responding to questions from two MPs Fatimah Lateef (Marine Parade)
      462 words
    • Article
      Lock icon Campaign to promote Lasting Power of Attorney
      261 9  -  By JASMINE NG NOT enough people are planning for what they should do should they become mentally infirm. Since the Mental Capacity Act came into effect on March 1, 2010, only some 1,400 people have appointed a caregiver to make important decisions on
      261 words
    • Article, Illustration
      Lock icon Julius Baer to hire more as it expands S’pore operations
      626 9  -  By SIOW LI SEN JULIUS Baer will continue to expand its operations in Singapore and hire more bankers amid strong business growth in the region and as it shifts more functions here. The Swiss bank does not expect that any
      626 words
    • Article, Illustration
      Lock icon Bank of India growing its business in Singapore
      563 9  -  By CONRAD TAN BANK of India (BOI), the country’s fourth biggest bank, is steadily expanding its operations in Singapore and the rest of Asia to take advantage of the growing volume of trade between India and other countries in the region. “It’s
      563 words
    • Article
      Lock icon Stanchart launches new current account product
      219 9 STANDARD Chartered has just launched a new Bonus$aver programme that combines a high yield current account with a low minimum spending on a credit card. Boasting a per annum interest rate of 1.88 per cent for the first $25,000 in the current account, the
      219 words
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      140 9 PERMANENT ESTABLISHMENTS ON THE PREMISES OF A CLIENT OR A SUBSIDIARY 21 March 2012, The Fullerton Hotel Singapore Can local presence abroad by your employees trigger a PE when supplying consulting or management services? Technical assistance, supervision and management services supplied to subsidiaries; PE risks? Furnishing services: Flow long is
      140 words
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  • ECONOMY WATCH
    • Article
      Lock icon Investors bet on Asian rebound
      827 10 Stocks outside Japan had their strongest January showing since 2001 Reuters [BEIJING] If the World Bank is correct, 2012 will see the second slowest year of global economic growth in a decade, at a level consistent with a world recess i on t h a
      Reuters  -  827 words
    • Article
      Lock icon Mortgage hikes have no impact on RBA policy
      479 10 Reuters [SYDNEY] Moves by Australian banks to raise mortgage rates independently of the central bank did not change the impact of monetary policy, a top central banker said yesterday, dampening speculation of a cut to its official rate in response. Reserve Bank
      Reuters  -  479 words
    • Article
      Lock icon Australian banks facing squeeze on two fronts
      515 10 Bloomberg [SYDNEY] Australia’s banks face a double whammy as surging borrowing costs in their domestic market collide with the highest penalties to bring home proceeds of foreign debt sales in almost two years. Not only has the premium on five-year domestic debt sales
      Bloomberg  -  515 words
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      603 10 SINGAPORE AIRSHOW 2$12 ASIA’S LARGEST AEROSPACE AND DEFENCE EVENT "The- Ore-txvKii'H.e-r wdl. he- kere- wi HI WM?" SINGAPORE AIRSHOW 14-19 February 2012 Attend Singapore Airshow 2012 to tap into the unprecedented business opportunities in Asia Pacific’s fastest growing markets. 14 -19 February 2012 www.singaporeairshow.com SINGAPORE AIRSHOW 2012 Asia’s Largest Aerospace
      603 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Aabar seeking buyers for RHB stake
      376 11 The Abu Dhabi SWF bought the 25% stake in June last year for US$1.9b Reuters [KUALA LUMPUR] An Abu Dhabi sovereign wealth fund (SWF) is exploring the sale of its US$1.3 billion stake in Malaysian lender RHB Capital Bhd six months after buying the
      Reuters  -  376 words
    • Article
      Lock icon Indonesia drops bank ownership cap plan for Mutiara sale
      286 11 Reuters [JAKARTA] Indonesia will not implement a planned regulation to limit ownership in domestic banks, since it does not want to scare away potential foreign investors from the sale of state-owned Bank Mutiara, the state deposit agency (LPS) said. The move
      Reuters  -  286 words
    • Article
      Lock icon Felda Global targets RM21b market value
      428 11 Bloomberg [KUALA LUMPUR] Felda Global Ventures Holdings, Malaysia’s biggest plantation operator, aims to file documents this week for the nation’s biggest initial share sale in more than a year, the parent company’s chairman said. The palm oil, cocoa and rubber producer may have a
      Bloomberg  -  428 words
    • Article
      Lock icon PNB’s second-tier assets may be up for sale
      365 11 [PETALING JAYA] Companies in the Permodalan Nasional Bhd (PNB) stable such as MNRB Holdings Bhd, Bonia Corp Bhd and Asia File Corp may be up for sale, according to industry observers. The government recently announced that PNB and Khazanah Nasional would each
      365 words
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      462 11 *1 XJTH I THE DIGITAL r REVOLUTION SS8 55pHj Discovering What's New linn JfiMs--' And What's Next! ASIA PACIFIC ICT SUMMIT SUCCESS WITH DIGITAL The Asia Pacific ICT Summit 2012 (APICTS 2012), jointly organised by MediaCorp VizPro International and Singapore Infocomm Technology Federation (SiTF) is the leading conference in Singapore
      462 words
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      Lock icon Page 11 Advertisements Column 2
      191 11 ID® mm Semi Seletar laT^HTTijMnfTTT^ ii »n r> JERRY LUM Snr Marketing Director, MBA, CES CEA Licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg ERA Estate Agent Licence No L*****82K When You Buy. Sell, or Rent On 16 February 2012, between 6.30 and 9pm, two of the UK's
      191 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon India inflation slows to lowest level in more than 2 years
      665 12 Pressure is on the central bank to cut rates to battle the economic slowdown Reuters [NEW DELHI] India’s headline inflation slowed to its lowest level in more than two years in January as food prices fell, increasing the pressure
      Reuters; AP  -  665 words
    • Article
      Lock icon India to impose caps on telco towers
      273 12 Reuters [NEW DELHI] India’s telecoms regulator has suggested capping foreign holding at 74 per cent in telecoms tower companies, a proposal that, if accepted, could dissuade buyouts by overseas companies. The possible new rule will be significant for No 2 mobile carrier Reliance
      Reuters  -  273 words
    • Article
      Lock icon Guangdong Nuclear bids A$2.2b for Extract
      206 12 Bloomberg [SYDNEY] China Guangdong Nuclear Power Group Co has bid A$2.2 billion (S$3 billion) for Extract Resources Ltd as an offer for shareholder Kalahari Minerals Plc triggered an approach for the owner of the fourth-largest uranium deposit. An unconditional cash offer of A$8.65 a
      Bloomberg  -  206 words
    • Article, Illustration
      Lock icon Google, Yahoo under Indian govt probe: WSJ
      557 12 Reuters [MUMBAI] India’s government is investigating whether local units of US Internet giants Google Inc and Yahoo Inc may have violated the country’s foreign exchange laws, the Wall Street Journal reported. Notices have been sent to the Indian units that they are being
      Reuters; AP  -  557 words
    • Article
      Lock icon China may allow banks to roll over loans
      357 12 Move will give local govts more time to repay massive debts AFP [SHANGHAI] China is considering allowing banks to roll over loans to local governments, giving them more time to repay massive debts from stimulus spending for the 2008 financial crisis, state
      AFP  -  357 words
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      53 12 Go to www.asiaone.com Satisfying all your news lifestyle needs on the go Read the latest news while you're on the go Flip through photo galleries for a walk on the light side Get the latest stock updates here Check the latest flight info before you fly ANYTIME, ANYWHERE Download your
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  • WORLD
    • Article
      Lock icon Google’s Motorola bid gets EU nod
      528 13 The US Justice Dept has also given antitrust approval for the acquisition Bloomberg [BRUSSELS] Google Inc, the biggest maker of smartphone software, won European Union (EU) approval for its US$12.5 billion acquisition of Motorola Mobility Holdings Inc to arm itself with patents to protect
      Bloomberg  -  528 words
    • Article, Illustration
      Lock icon Apple gets outside auditor for factories
      577 13 Suppliers’ plants where abuses occur will be identified NYT [NEW YORK] Responding to a growing outcry over conditions at its overseas factories, Apple said on Monday that an outside organisation had begun to audit working conditions at the plants where the bulk of iPhones,
      NYT; AP  -  577 words
    • Article
      Lock icon Gillard in damage control after report revives Rudd ouster
      354 13 AFP [SYDNEY] Australian Prime Minister Julia Gillard was in damage control yesterday, insisting she did not ask staff to prepare a victory speech two weeks before she ousted then leader Kevin Rudd in a party room coup. As a new opinion
      AFP  -  354 words
    • Article, Illustration
      Lock icon Reinheitsgebot keeps German banks secure
      1090 14 Local bank system similar to simple, ancient protocol followed by brewers Reuters [FRANKFURT] Raise a glass of beer in a German bar and the chances are it was made just down the road to a simple, ancient formula. German banking works in much the same
      Reuters; AP  -  1,090 words
    • Article
      Lock icon US banks gain highest share of trading revenue
      674 14 Sovereign debt crisis forcing European banks to cut risks Bloomberg [NEW YORK] The biggest US banks captured the highest share of global trading revenue in at least two years as their counterparts across the Atlantic reduced risk in the fourth quarter amid
      Bloomberg  -  674 words
    • Article, Illustration
      Lock icon Goldman Sachs sells entire stake in Hana
      431 14 Bloomberg [SEOUL] Goldman Sachs Group Inc sold its entire 3.9 per cent stake in Hana Financial Group Inc for 372 billion won (S$417 million), exiting its seven-year investment in the South Korean bank. The Wall Street firm sold 9.5 million shares in Hana
      Bloomberg; BLOOMBERG  -  431 words
    • Article
      Lock icon Volcker rule faces harsh criticism as effective date nears
      581 14 Bloomberg [NEW YORK] The world’s largest banks demanded a wish list of changes to a proposed US ban on proprietary trading, seeking to escalate the lobbying effort against the Volcker rule five months before it takes effect. In scores of comment
      Bloomberg  -  581 words
    • Article, Illustration
      Lock icon BOJ unleashes powerful monetary easing measures
      657 15  -  Tokyo stocks hit highest level in 5 months, yen at 3-week low By ANTHONY ROWLEY in Tokyo JOLTED into action by signs that Japan’s economic recovery is stalling in the face of slowing global demand and domestic problems, the Bank of Japan yesterday announced
      REUTERS  -  657 words
    • Article
      Lock icon Carry trade rallies like 2009 as volatility ebbs
      801 15 Bloomberg [NEW YORK] In the US$4 trillion-a-day currency market, traders calmed by a flood of central bank money are leaving safety for riskier bets against a background of Greece’s potential default and threats of nuclear weapons in Iran. Borrowing in dollars or
      Bloomberg  -  801 words
    • Article, Illustration
      Lock icon Wynn and partner in spat over US$135m donation
      461 15 Reuters [NEW YORK] Wynn Resorts Inc said US securities regulators have launched an “informal inquiry” into the casino company’s US$135 million donation to the University of Macau. The US Securities and Exchange Commission (SEC) inquiry is seen as a continuation of the
      Reuters  -  461 words
    • Article
      Lock icon iPhone, Steve Jobs help Apple top corporate image poll
      386 15 Bloomberg [NEW YORK] Apple Inc, burnished by the iPhone’s success and memorials to Steve Jobs, displaced Google Inc as top company in Harris Interactive’s poll of corporate images. Berkshire Hathaway Inc and Johnson Johnson dropped. Apple earned the highest score in
      Bloomberg  -  386 words
    • Article
      Lock icon US Treasury yields low on subdued outlook
      584 15 Bloomberg [NEW YORK] The market for US Treasuries is embracing Federal Reserve chairman Ben Bernanke’s view that signs of improving growth mask threats to the nation’s economy, keeping inflation in check. Traders are betting that government debt yields will remain subdued in the
      Bloomberg  -  584 words
    • Article, Illustration
      Lock icon China’s Xi meets with US officials
      692 16 US is determined to enhance its relationship with China: Biden Bloomberg [WASHINGTON] Chinese Vice-President Xi Jinping’s meeting with US President Barack Obama yesterday represents a rite of passage for the man in line to become China’s top leader next year and may shape US-China
      Bloomberg; AP  -  692 words
    • Article
      Lock icon Creditors spell out Greece’s austerity measures
      387 16 AP [BERLIN] Greece’s international creditors yesterday spelled out the austerity measures promised by Athens that have to be put into practice before it can receive new bailout cash, according to a document obtained by The Associated Press. Implementing these so-called “prior actions” is key
      AP  -  387 words
    • Article
      Lock icon Gain in business inventories trails improvement in sales in December
      582 16 LATEST US DATA Bloomberg [WASHINGTON] A gain in US business inventories trailed the improvement in sales in December, showing companies may continue to restock shelves and warehouses in early 2012. The 0.4 per cent increase in stockpiles followed a 0.3
      Bloomberg  -  582 words
    • Article, Illustration
      Lock icon Portugal to hold fresh round of talks with its creditors this week
      509 16 There are fears it needs more help to balance its finances AFP [LISBON] Bailed-out eurozone state Portugal will hold a fresh round of talks with its international creditors this week amid persistent concerns that it needs even more
      AFP; REUTERS  -  509 words
    • Article
      Lock icon Asia bankers face 30-40% pay cut after slowdown, say sources
      772 16 Reuters [HONG KONG] Global investment banks have cut pay in Asia by between 30 and 40 per cent for last year, with many bankers receiving no bonus at all and pay for star performers flat at best as a global
      Reuters  -  772 words
  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      958 13 Register at jobs.st701 .com/seminars EFFECTIVE COMMUNICATION SKILLS Who should attend: Managers, co-ordinators, supervisors, secretaries, admin executives, sales, marketing, customer service, account-servicing personnel and support staff ENHANCE YOUR WORK PRODUCTIVITY Communicating for Success Influential Communication Strategies Friday, 24 Feb 2012, SPH Auditorium (2pm to 6pm) Wednesday, 22 Feb 2012, SPH News
      958 words
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  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      51 15 THE SINGAPORE EDITION! mm Guys Answer Your > BURNING loveT QUESTIONS Warning: Some are sweet. Others are simply hilarious! cf.wi: The Secrets To I'eeling Ihipjn In YourJob (Ileal teamen share all) ■are H I tliW.it Just They’re easy to create too ARE YOU GETTING IT? FEBRUARY ISSUE OUT NOW FUN
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  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      61 16 5c, ftfef ikAlklRl®^'^! Making Appointment and 3 Basic Information’s GIVEN ahead is a must! Company Name Person-In-Charge (Director Owner Name only) and Contact Number. Fax: 165) *****651 sales_enquihes@e-intrasphere.com www.e-intrasphere.com Intrasphere Business Group 1 IntraSphor m 1 1 n m S »it The Loan and Grant Department A 1 A M
      61 words
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  • TSUNAMI: ONE YEAR ON
    • Article, Illustration
      Lock icon Legacies of disaster to last for decades
      1651 17  -  A year after the March 11 tsunami struck, Japan has yet to tame Fukushima. ANTHONY ROWLEY looks at how the country is still suffering from its impact ANTHONY ROWLEY [TOKYO] BEWARE the Ides (15 th day) of March, the soothsayer warned in Shakespeare's
      AP  -  1,651 words
    • Article, Illustration
      Lock icon Rebuilding of damaged towns poses critical test
      1262 17 NYT [ONAGAWA] At age 39, Yoshiaki Suda, the new mayor of this Japanese town that was destroyed by last March’s tsunami, oversees a community where the votes, money and influence lie among its large population of greying residents. But for Onagawa to have
      NYT; BLOOMBERG  -  1,262 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Everyone wins – people, companies, nation
      464 18 Everyone wins people, companies, nation EDITORIAL THE idea of getting the corporate sector on board as a key player in Singapore’s Vision 2030 initiative to imbue a sporting culture in the people and country couldn’t be more timely, for companies and industry. With the business world an increasingly challenging arena
      464 words
    • Article, Illustration
      Lock icon Obama’s budget: it’s about politics, not economics
      830 18  - Obama’s budget: it’s about politics not economics THE BOTTOM LINE LEON HADAR Washington Correspondent THE way to examine US President Barack Obama’s proposed budget for the government’s fiscal year of 2013 is by recognising that its main goal perhaps the only one is to ensure that Mr Obama remains in
      830 words
    • Article, Illustration
      Lock icon The Internet’s neat trick in times of economic pain
      1081 18  -  The Internet has a wonderful quality: The cheaper it is, the more valuable it gets By JULIAN PERSAUD The writer is managing director for Google, South-east Asia THESE days, we’re all looking at economic statistics for signs of how the year
      REUTERS  -  1,081 words
    • Article, Illustration
      Lock icon A tax perspective on Basel III
      1101 19  -  Dialogue between tax authorities and banks will benefit both parties by reducing uncertainty, risk, and non-compliance By CHRIS MATTEN CARRIE CL LIM Chris Matten is a partner in the Financial Services Industry Practice at PwC LLP; Carrie CL Lim is a director in the
      ST FILE PHOTO  -  1,101 words
    • Article, Illustration
      Lock icon The case for a GST Ombudsman
      744 19  -  By MANMOHAN SINGH The writer is from the GST Academy, a tax consultancy specialising in the Goods Services Tax THE Goods Services Tax (GST) was implemented in Singapore on April 1, 1994. GST registered businesses are appointed to collect tax, capture the nature of
      ARTHUR LEE  -  744 words
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  • TransportHUB
    • Article, Illustration
      Lock icon Port of Rotterdam eyeing green sector in expansion
      538 20  -  Its Maasvlatke 2 project hopes to host bio-based industries, including some from Asia By LYNN KAN THE Port of Rotterdam, Europe’s busiest, has long been associated with a bustling petrochemical industry but it will be turning a page towards a greener economy.
      PORT OF ROTTERDAM, PROJECT ORGANIZATION MAASVLAKTE  -  538 words
    • Article
      Lock icon Vet armed security personnel well
      689 20  -  By ANTHONY CARROLL The writer is head of business development at Gray Page, a maritime consultancy based in the United Kingdom THE debate on whether shipowners and operators should be able to employ armed security personnel on their vessels has been settled, in favour of
      689 words
    • Article
      Lock icon Daunting prospects for shipowners
      864 20  -  Freight rates may be on the floor now but things could get even worse STRAIT TALK By DAVID HUGHES WHENEVER shipping people start talking about the prospects for the rest of this year, the word “difficult” and “tough” usually pop up in the conversation. There have
      864 words
    • Article
      Lock icon S Korea Hyundai, STX win US$1.7b orders
      248 20 Reuters [SEOUL] South Korea’s major shipbuilders, STX and Hyundai, said yesterday they have won a combined US$1.7 billion orders to build mostly LNG carriers and oil tankers, defying global financial turmoil that has roiled the shipbuilding sector. Benchmark global shipping rates have fallen
      Reuters  -  248 words
    • Article
      Lock icon Container rates rebound 29%
      154 20 Bloomberg [LONDON] Container rates on the world’s biggest international trade route are rallying after US imports of manufactured goods rebounded from the first decline in two years. US container imports gained 1.6 per cent in the fourth quarter from a year earlier, compared with a drop
      Bloomberg  -  154 words
    • Article
      Lock icon TRANSPORT STOCKS
      263 20 SGX '000 Feb 14 S$ +/-Vol CH Offshore 0.39 -0.01 123 Chuan Hup Hldg 0.23 0.01 165 Cosco Corp 1.27 0.01 ***** s$ Ezra Hldgs 1.28 0.07 ***** First Ship Lea 0.20 unch 1575 Freight Links 0.07 unch 3410 Grand Banks unch unch 0 Jaya Hold Ltd 0.57
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    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Lion Air orders US$22.4b of Boeing planes
        384 21  -  This surpasses the US$10b worth of total deals signed at the 2010 show BY NISHA RAMCHANDANI INDONESIA’S Lion Air, which is deferring its initial public offering (IPO) plans, finalised a firm order for 230 Boeing aircraft worth US$22.4 billion at the Singapore Airshow
        AFP  -  384 words
      • Article, Illustration
        Lock icon Dreamliner touches down in Singapore
        244 21  -  By ARTHUR LEE THE Dreamliner, Boeing’s answer to medium-sized jets that can fly long distances non-stop, hosted a demo flight for guests yesterday. Among them was Gerard Yeap, senior vice-presi-dent, flight operations, and Mohan Jayaram, deputy chief pilot and project pilot-in-charge of the 787s at
        ARTHUR LEE  -  244 words
      • SHORT HOPS
        • Article
          Lock icon Kuwait’s ALAFCO buys 35 more A320neo Family aircraft
          90 21 KUWAIT-BASED ALAFCO Aviation Lease And Finance Company has finalised a purchase order for 35 A320neo Family aircraft bringing its total backlog for the type to 85. The firm contract is an increase of the previous agreement signed at the 2011 Dubai Airshow
          90 words
        • Article
          Lock icon Rolls-Royce wins US$210m Trent deal from Fiji’s Air Pacific
          107 21 ROLLS-ROYCE has bagged a contract worth US$210 million from Fiji’s national carrier Air Pacific for Trent 700 engines which will power three Airbus A330s. This deal represents a first-time order of Rolls-Royce engines by Air Pacific. “The A330s will be our
          107 words
        • Article
          Lock icon BOC signs up China lessor for 20 C919 aircraft
          46 21 SINGAPORE-BASED BOC Aviation has signed a Launch Customer Agreement (LCA) with Commercial Aircraft Corporation of China (COMAC) for 20 C919 aircraft. The deal makes the Bank of China-owned lessor the 11th launch customer for the C919 aircraft.
          46 words
        • Article
          Lock icon Bombardier sets up regional sales, marketing office
          54 21 BOMBARDIER Aerospace is setting up a Bombardier Commercial Aircraft regional sales and marketing office in Singapore to serve the Asia-Pacific region. Bombardier forecasts that the Asia-Pacific region (including China) will take delivery of approximately 4,000 aircraft in the 20 to 149-seat category over
          54 words
        • Article
          Lock icon Hawker Pacific delivers to Indonesia, Malaysian forces
          118 21 HAWKER Pacific will deliver four new Hawker 900XP aircraft to Indonesia and five new King Air aircraft to Malaysia. Hawker Pacific will factory deliver a Hawker 900XP to the Indonesian Flight Inspection Department in Little Rock, Arkansas on March 5, 2012. The aircraft
          118 words
        • Article
          Lock icon Bell Helicopter to modify, refurbish Thai army choppers
          44 21 BELL Helicopter has received a contract to modify and refurbish eight Royal Thai Army Bell 212 helicopters. The Bell 212 is a two-bladed, twin-engined, medium helicopter. It is a derivative of the “Huey” family of helicopters.
          44 words
        • Article
          Lock icon Azul confirms purchase of more Embraer-195 jets
          95 21 JUST four months after buying 11 Embraer-195 jets, in October 2011, Azul Linhas Aéreas Brasileiras confirmed ten more options yesterday for the purchase of the same model, which will be used on its routes, beginning in 2015. The total value of the deal,
          95 words
      • Article
        Lock icon Strong US presence at Changi
        262 21  -  SINGAPORE AIRSHOW 2012 By VEN SREENIVASAN THERE is a significant United States presence at the Singapore Airshow 2012, with over 150 exhibitors and dozens of high-level officials in attendance this year. The US pavilion is the largest national pavilion of the event, featuring 73 US
        262 words
      • Article
        Lock icon Embraer sees exec jet sales of US$40-48b
        366 21  -  Amount covers Asia-Pac region over next decade By NISHA RAMCHANDANI BRAZIL-based Embraer, which yesterday announced an agreement with China’s Minsheng Financial Leasing Co for three ultra-large business jets, sees orders out of Asia-Pacific for executive jets totalling US$40-48 billion over the next decade.
        366 words
      • Article
        Lock icon Embraer sells 10 jets to Brazilian airline Azul
        282 21  -  By JOYCE HOOI EMBRAER announced the sale of 10 Embraer 195 jets at the Singapore Airshow yesterday, worth about US$450 million. The 10 jets will go to Brazilian airline Azul, which confirmed its option for those 10 units four months after acquiring
        282 words
      • Article
        Lock icon It’s all systems go for VT Systems in 2012
        357 21  -  By JOYCE HOOI VT Systems, ST Engineering’s headquarters in the United States, is gearing up for a buoyant 2012, on the back of its best year yet. According to VT Systems chairman and CEO John Coburn, last year was the best
        357 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Lexus restructures to focus on Asia-Pacific
        531 22  -  Separate group aims to grow brand with emphasis on faster decision-making Reports by SAMUEL EE THE Lexus brand has reorganised its global structure to increase its focus on the Asia-Pacific region. Toyota’s luxury division has spun off from the Japanese car giant and created
        531 words
      • Article
        Lock icon Incentives help drive Lexus hybrid sales
        358 22 THE Lexus petrol-electric hybrid is becoming more popular in Singapore but this is not true for all the markets in which the Japanese luxury brand is present. Despite its ability to offer significantly improved fuel economy compared with a conventional model with only a
        358 words
      • Article
        Lock icon India’s carmakers on fast track to capacity glut
        687 22 Reuters [MUMBAI] In the race for sales, India’s carmakers may need to ease off the accelerator as they speed towards a head-on collision with a capacity glut. Lured by 30 per cent sales growth over the past two fiscal years, carmakers have
        Reuters  -  687 words
      • Article
        Lock icon VW plans to start EV production in China in 2014
        272 22 Reuters [BEIJING] Volkswagen AG’s two joint ventures in China plan to start making electric cars in 2014 and to ramp up to mass production by 2018, its China chief said yesterday. Initial EV output at Shanghai Volkswagen and FAW Volkswagen
        Reuters  -  272 words
      • Article, Illustration
        Lock icon BMW could race to No 1 spot for 2nd year
        614 22  -  It was the top brand in 2011 with 4,959 new cars registered By SAMUEL EE BMW will unveil the new 3 Series early next month and the eagerly anticipated sedan could do for the German luxury carmaker in 2012 what
        614 words
      • Article
        Lock icon Pang Da expands luxury-car dealerships
        355 22 Bloomberg [BEIJING] Pang Da Automobile Trade Co, China’s largest publicly traded car dealer, said it is setting up more dealerships to sell luxury autos as demand outpaces overall industry growth in the world’s largest vehicle market. Pang Da, which surged by the 10 per cent
        Bloomberg  -  355 words
  • Page 20 Advertisements
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      Lock icon Page 20 Advertisements Column 1
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      43 words
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  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      360 21 CRYPTIC CROSSWORD Across 1 Hindrance in hotel cats bouncing around (8) 9 Poison making ten Arabs il l (8) 10 Request quiet, wanting heavy metal curtailed (4) 11 Burglars? They pose no danger at Christmas! (12) 13 Fragrance said to be evident in castle (8) 15 A girl excited about
      360 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2754 23 Transaction date: Feb 14 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote 112.5 92.5 AIMSAMPIReit 102.5 +0.5 390 103 101.5 102.5 103 1.9 10.4 454.9 Net M
      2,754 words
    • Article
      Lock icon SGX CATALIST
      205 24 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 1 0.2 t Advanced System 0.6 unch 2005 0.6 0.4 0.5 0.6 20 9.9 Last Quote Div Gr Yld Net M Cap
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    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7265 24 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha Fund (USD)!** AXA Wealth Mgt S'pore Pte Ltd 1/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond *****/ Global Emerging Markets!** Global Opportunities/** Global Technology India Opportunities!
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    • Article
      Lock icon GLOBALQUOTE
      196 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 46 25.5 Genting HK US$ US37.5 unch ***** 38 37 37 37.5 2469.2 15 10 OGL Resources A$ A10 5 10.9 1.5 205 168 TanChongInt HK194 190
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    • Article
      Lock icon SGX ETF
      819 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 1261 856 CIMBAsean40 100US$ US1043 1030 1035 41.7 ***** ***** DBXT AUD Bonds 5AU$ A***** ***** ***** 45.4 ***** ***** DBXT AUDCS 5AU$ A***** ***** *****
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Feb 13 Index Change Change Change Change Change Change World Preliminary 889.7 0.5 7.2 0.3 4.6 0.6 8.0 EAFE Preliminary 731.2 0.6 7.2 0.6 5.5 0.9 8.9 Europe Preliminary 1099.0 0.7 7.1
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 25 CRUDE OIL PRODUCTS Feb 13 13 CRUDE(FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 117.92 0.98 WTI (Near Mth) 100.70 1.78 Dubai (1-Mth F) 115.01 0.79 Tapis blend 125.74 0.92 Minas 124.54 0.92 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 114.22 1.05 Jet Kerosene 132.25 0.85 US$/barrel Opec Oil
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    • Article
      Lock icon CHICAGO BOT
      107 25 Feb 13 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 12 1252.00 1229.00 1255.00 1232.00 May 12 1260.00 1237.50 1262.50 1240.50 Jul 12 1268.75 1247.00 1270.50 1249.75 Aug 12 1266.50 1245.75 1267.75 1252.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 12 53.05
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    • Article
      Lock icon GOVERNMENT SECURITIES
      80 25 Feb 14 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 17-May-12 0.33 1-Year BY*****W 01-Nov-12 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 99.93 5-Year N*****0W 1.125 01-Apr-16 102.62 BQ*****Z 17-May-12 10-Year NX*****X
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      451 25 Feb 14 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.5450 0 2117 Jun12 99.5150 0 1786 Sep12 99.4750 0 1128 Dec12 99.4450 0 1048 EUROYEN TIBOR FUTURES Mar12 99.6675 99.6675 99.6675 99.6675 0 1934 Jun12 99.6675 0 1429 Sep12 99.6625 0 679 Dec12 99.6575 0
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    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      70 25 j. ■•>r\ LT! MV*Vjrr» *uu~i '^iw 1 ewims M«lll urn any. '/it yub} #cfi'nyi I4FTAI tr inns irjAj WlfcAl umur ft n»*M4<v /v»ili*tllt uuknii. liMI uics < itu •>n i tu* min Mtfc/ui: «ru iui A*/ nr rWiMjC (WlNMKt IMttOlOt t»r wmow (M*o* omij Riwrz 11*JO IS5II
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    • Article
      Lock icon SGX FUTURES
      175 25 Feb 14 SICOM RUBBER Futures (Closing prices) RSS 3(US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 12 398.0 398.0 398.0 1 386 Apr 12 400.0 400.0 401.3 2 113 May 12 405.2 405.1 405.8 2 252 Jun 12 409.5 409.4 409.1 2 228 Jul
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    • Article
      Lock icon LONDON METALS
      65 25 Feb 13 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2169.50 2206.25 3 months 2210.00 2244.00 Copper, Grade A(US$/tonne) Cash 8404.25 8460.75 3 months 8425.00 8481.00 Lead(US$/tonne) Cash 2080.50 2102.50 3 months 2115.00 2136.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.50 3 months
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    • Article
      Lock icon LIFFE
      80 25 Feb 13 COCOA (£/tonne) Close Prev High/Low Mar 12 1438 1411 1447/1403 May 12 1443 1424 1458/1413 Jul 12 1459 1442 1472/1431 Sep 12 1469 1454 1485/1443 COFFEE(US$/tonne) Close Prev High/Low Mar 12 2074 1994 2082/2000 May 12 1944 1934 1970/1931 Jul 12 1967 1957 1987/1954 Sep 12 1990
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1294 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 130 33.00 27 Prem Baker Technology Ltd W*****6 4 -0.3 50 1 32 7 8.38 9 Best World Intl Ltd W*****5 2 1 30 104
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 25 Feb 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.070 6.730 0.812 8.284 52.675 96.588 0.833 12.030 3.255 1.287 97.074 45.692 1.352 8.262 0.981 31.597 32.972 0.680 1.068 Canada 0.935 6.292
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    • Article
      Lock icon SIBOR
      48 25 Feb 14 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 0.***** SWAP Mid rates (S$) 0.***** 0.***** SWAP Mid rates (S$)
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    • Article
      Lock icon PRECIOUS METALS
      138 25 Feb 14 GOLD(US$/oz) Feb 14 Feb 13 Hong Kong 1723.30 1737.60 Feb 13 Feb 13 Feb 10 London 1726.10 1721.70 1726.85 1722.70 Source: Thomson Reuters CAST BAR Feb 14 (S$) Selling Buying Kilobar "74,844.36" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 168 70 5gm 476 349 10gm
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    • Article
      Lock icon PALM OIL
      57 25 Feb 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 12 3140.0 3160.0 3160.0 3140.0 205 680 Mar 12 3153.0 3190.0 3190.0 3158.0 1099 6463 Apr 12 3165.0 3205.0 3205.0 3155.0 9948 ***** May 12 3164.0 3206.0
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    • Article
      Lock icon STOCK INDEX FUTURES
      24 25 Feb 14 Open High Sett STI Feb 2987.0 SIMSCI Feb 342.8 344.3 344.1 Taiwan Feb 281.3 281.9 280.8 Source: SGX Derivatives
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      141 25 Feb 14 US$ 1$ :;r X m 5 1 z c u I T J •»> O- •> :> -v r i" m U r t X =f s 1 If I: 51 p 1 5r r .v k’ C Z SB III f 3 2 3
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      Lock icon FOREIGN CURRENCY NOTE RATES
      137 25 As at 9am Feb 14 Shnj^/MP ikiHim U mn* to\H ■if himvn .'Hrirnr^ Ciiimitnis Sell Buy f\ i.WT Hl'lUftl 1 mi; Cwtlnllm I «fi Mil U>iu 1 M*g i )W sWJmd) ijhHiaJ i in I •vlZ tUftU-i* lOi/U 1 U •••f i #m iif ,*iKm in
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      121 25 Feb 14 i M Ml Ml- niiiirth'. vh HI < uuonm Wl* IM uv«w)lfl mm <l'li W V-4V i mamh ♦<? iinniin i ’t|iii|lh', r* f. iiimilh'. "W iiinmn Hl> 1 1 tmimli 1 f/(l il VAn OMn ii# l iti'iiilli jl.tjj IHIWlllll. t.#li i» iTi'icrtW AM l
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      22 25 Feb 14 S$ Bid Offer 1-month 1.2646 1.2656 2-months 1.2646 1.2656 3-months 1.2644 1.2655 6-months 1.2631 1.2643 Source: OCBC
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    Lock icon The Business Times Shipping times
    4747 26 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination Destination STXPO
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      107 28 Wherever you go, never miss out on the stock market action with ShareInvestor Mobile Download forFREEfrom Apple Apps store for iPhone, iPad users and Android Market for Android users. Get it now. Scan QR Code with your mobile and learn more about our application.* Android iPhone You will need to
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      812 28 THE Eurekahedge Hedge Fund Index was up 2.15 per cent in January amid a strong resurgence in risk appetite, making it the strongest monthly return for the index since December 2010. The MSCI World Index gained 4.96 per cent as
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      717 30 NYT [NEW YORK] In a Wall Street universe populated by marquee name stocks, the lesser known entities are the stars of the rally so far this year. The Russell 2000 index, which tracks stocks with a small market capitalisation, is
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      147 29 I’m glad you’re re-employed. Your contributions and experience are valuable to I'' r m u a I Michael Poon, 63 SENIOR SITE MANAGER GE FIRE PROTECTION (S.E.A) PTE LTD i VV-V f David Ong HR MANAGER DELUGE FIRE PROTECTION (S.E.A) PTE LTD X H lv w: Even after 21 years
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