The Business Times, 18 February 2012

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Microfilm: NL31792
Total Pages: 51
1 16 The Business Times
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  • Title Section
    Lock icon Masthead
    20 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g| FEBRUARY 18-19, 2012 S$1.00| MICA (P) 121/08/2011 S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION
    20 words
  • Article, Illustration
    Lock icon Budget draws line in sand to stem flow of foreign workers
    1278 1  -  Older local workers the big gainers with higher CPF rates and more incentives for bosses to hire them By Anna Teo anna@sph.com.sg Singapore INGAPORE’S drive to restructure its economy and wean employers off foreign workers goes up another notch
    1,278 words
  • Page 1 Advertisements
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  • TOP STORIES
    • Article, Illustration
      Lock icon Business wrings hands over foreign labour
      1151 2  -  Govt weaning firms off this dependence, but some will feel the pain By Teh Shi Ning tshining@sph.com.sg Singapore DEMONSTRATING its commitment to reduce the dependence of Singapore businesses on foreign labour, the government yesterday announced cuts to the ratio of foreigners that firms can
      Source: Ministry of Manpower  -  1,151 words
    • Article
      Lock icon Budget offers challenges and opportunities
      659 3 EDITORIAL IN THE run-up to Budget Day yesterday, the general consensus among observers encouraged by hints and statements from the government was that economic pump-priming and corporate giveaways would not feature significantly in the 2012 Budget. This would, it was widely said, be a Budget
      659 words
    • Article
      Lock icon Higher future toll in transport, healthcare
      347 3  -  By Jamie Lee leejamie@sph.com.sg Singapore GOVERNMENT spending as a proportion of gross domestic product (GDP) could hit about 17 per cent in five years, up from about 15 per cent now, said Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam. “In five years’
      347 words
    • Article
      Lock icon A boon for both the older Singaporean employee and the employer
      1144 4  -  CPF rates for workers 50 years above to be raised, Special Employment Credit scheme to be extended By Chuang Peck Ming peckming@sph.com.sg Singapore IT’S a win-win outcome for both parties for the employer who is short of workers and
      1,144 words
    • MARKETS
      • Article
        Lock icon STOCKS
        58 4 GSTI 3,000.59 (+23.00) GSTI FUTURES 3,000 (+23) GSIMSCI 344.57 (+2.39) GSIMSCI FUTURES 345.00 (+2.80) Friday Change KL COMP 1,557.15 +6.66 NIKKEI 225 9,384.17 +146.07 HANG SENG 21,491.62 +214.34 SET 1,129.93 +9.68 JAKARTA 3,976.54 +48.93 MANILA 4,880.71 +114.14 KOSPI 2,023.47 +26.02 SHENZHEN B 623.44 -0.11 MUMBAI IND 18,289.35 +135.36 11am
        58 words
      • Article
        Lock icon PRIME RATES
        28 4 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.421 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:
        28 words
      • Article
        Lock icon FOREX
        48 4 US$ S$ US$ (S$ per US$) 1.260 (US$/S$ per 1.580 1.991 EURO(US$/S$/E) 1.314 1.656 Foreign currency per US$ S$ YEN 79.10 62.80 RM 3.043 2.415 HK$ 7.755 6.156 BAHT 30.81 24.46 RUPIAH 9,028 7,166 RENMINBI 6.297 4.998 INDIAN RUPEE 49.23 39.08 A$ 0.929 0.737 NZ$ 1.196 0.950
        48 words
    • Article, Illustration
      Lock icon January non-oil exports fall by larger than expected 2.1%
      649 5  -  Economists cite Chinese New Year holidays as a possible reason By Chuang Peck Ming peckming@sph.com.sg Singapore IT was not a good start to the year. The key non-oil domestic exports (NODX) dipped 2.1 per cent in January compared with a year
      Source: IE Singapore  -  649 words
    • Article
      Lock icon CPI increase comes in below forecast
      546 5 January data supports Fed’s view of subdued inflation LATEST US DATA Bloomberg Washington THE cost of living in the US rose less than forecast in January, supporting the Federal Reserve’s view that inflation will be contained. The consumer price index increased 0.2 per cent
      Bloomberg  -  546 words
    • Article
      Lock icon BT financial portal goes live on Monday
      290 6  -  Aim is to meet the needs of investors and those who need to manage their wealth By Jasmine Ng jasng@sph.com.sg Singapore COME Monday, netizens will have free access to a one-stop financial portal that will feature the latest market updates, corporate announcements, research
      290 words
    • Article, Illustration
      Lock icon Laguna club members protest hike in fees
      810 6  -  33% increase to $200 monthly subscription fee makes it highest in Singapore despite club having fewer facilities, they say By Bryan Koh bryankoh@sph.com.sg Anna Lee annalee@sph.com.sg Singapore LAGUNA National Golf and Country Club (LNGCC) came under fire from several disgruntled members yesterday over
      810 words
    • Article, Illustration
      Lock icon SIA says a ‘slow’ goodbye to Jumbo on its HK flights
      379 7  -  B747 retirement to be marked with longer flights on April 6 By Ven Sreenivasan ven@sph.com.sg Singapore HOW about a “slow” flight to Hong Kong on Singapore Airlines’ last Boeing 747 aircraft? SIA will operate special commemorative flights between Singapore
      YEN MENG JIIN  -  379 words
    • Article
      Lock icon Cash-strapped Air Australia grounds its entire fleet
      261 7  -  4,000 passengers stranded; 300 staff are out of work By Ven Sreenivasan ven@sph.com.sg Singapore Singapore BRISBANE-BASED Air Australia abruptly grounded its entire fleet after running out of money, leaving around 4,000 passengers stranded in Hawaii, Thailand, Indonesia and Australia. At least two international
      261 words
    • Article
      Lock icon Judge raps plaintiffs in US$5m case for abuse of process
      535 8  -  Justice Woo Bih Li points to evidence from UBS that shows they had lied By Grace Leong gleong@sph.com.sg Singapore HIGH Court judge Woo Bih Li did not mince his words yesterday when he gave the reasons for dismissing earlier an
      535 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      269 5 JSL flUSTRfflUfl BUSINESS MIGRATION MEMBER OF MIGRATION INSTITUTE OF AUSTRALIA The Government of Western Australia through their Business Migration Centre at the Small Business Development Corporation, the UHY Haines Norton, Chartered Accountants of Perth, ANZ Bank of Australia, in collaboration with Australian Migration Agent Pte Ltd, are presenting a free
      269 words
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      456 6 TVS BUSINESS TIMES MONDAY. 13 FEBRUARY, 2012 LOGIN TO BT INVEST BT WEST. HOME PROPERTY MARKETS WEALTH INSURANCE PERSONAL FINANCE Q MARKET TODAY: Sky One 0 177 TopGkibel 0 01 TOP STORIES Home prices go up. but sizes go down THE prices Keep going up butthe median size of private
      456 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      898 7 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, (CAP. 50) AND IN THE MATTER OF GARDNER SMITH (S.E.ASIA) PTE LTD (IN CREDITORS’ VOLUNTARY LIQUIDATION) [COMPANY REGISTRATION NO. *****4322N] NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308(1) of the Companies Act (Cap. 50), that a
      898 words
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      577 8 EFFECTIVE COMMUNICATION SKILLS Who should attend: Managers, co-ordinators, supervisors, secretaries, admin executives, sales, marketing, customer service, account-servicing personnel and support staff Register at jobs.st701 .com/seminars ST701 ASSAP Seminars Communicating for Success Friday, 24 Feb 2012, SPH Auditorium (2pm to 6pm) Essential Success Factors for Shaping your Future What you will
      577 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK | Feb 13-17, 2012
      • Article
        Lock icon Companies brace for eurozone split
        53 9 COMPANIES may have no hold over the eurozone, but they are trying to get a grip on their exposures to the troubled region. From investment houses to energy firms, many are seeking legal advice or tapping risk models to protect themselves from a potential break-up
        53 words
      • Article
        Lock icon World’s airlines embroiled in emissions fight
        41 9 THE looming fight over the European Commission’s Emissions Trading Scheme has made global airlines foot soldiers in the battle between governments over sovereignty. So says Tony Tyler, the di-rector-general of the International Air Transport Association.
        41 words
      • Article
        Lock icon MAS lays down rules for OTC derivatives
        31 9 THE Monetary Authority of Singapore is seeking feedback on landmark rules to give the $9.8 trillion over-the-counter derivatives market greater transparency and risk mitigation.
        31 words
      • Article
        Lock icon Bank bonuses aren’t what they used to be
        48 9 BONUSES and pay increases for staff at foreign banks here are lower this year which is not surprising given that most have reported a fall in their 2011 profits. The picture for those working in local banks could be mixed.
        48 words
      • Article
        Lock icon Govt mulls expansion of LNG terminal
        51 9 FOLLOWING strong user interest from numerous industry players, Singapore is considering expanding the $1.7 billion Singapore liquefied natural gas terminal adding two more storage tanks to the three being built there even before the Jurong Island facility starts up in the second quarter of
        51 words
      • Article
        Lock icon Business pessimism back at 2009 levels
        62 9 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 of the survey’s report remained negative for a second straight quarter and now point to slower growth of 3-3.3
        62 words
      • Article
        Lock icon Door opens wider for foreign law firms
        50 9 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 majority share of profits.
        50 words
      • Article
        Lock icon Europe markets unfazed by Moody’s downgrades
        38 9 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 at risk.
        38 words
      • Article
        Lock icon Strong rise in monthly income last year for all
        42 9 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 to the latest Department of Statistics data.
        42 words
      • Article
        Lock icon Private-home buyers return in force in January
        41 9 URBAN Redevelopment Authority figures show that developers sold 1,872 private homes, excluding executive condominiums in January, almost treble the 632 units in December last year and 55 per cent more than the year-earlier period.
        41 words
      • Article
        Lock icon Sacking of WP’s Yaw opens door to by-election
        37 9 THE Republic could have its first by-election since 1992 after the opposition Workers’ Party sacked Yaw Shin Leong the Member of Parliament for Hougang over his alleged extra-marital affair.
        37 words
      • Article
        Lock icon Risks loom, but S’pore has enough firepower, says IMF
        44 9 SINGAPORE’S GDP growth is set to slow to 2.7 per cent this year from 4.8 per cent in 2011, amid weaker external demand, the International Monetary Fund said in its latest assessment of the economy.
        44 words
      • Article
        Lock icon Outlook remains subdued; no rebound in sight
        49 9 THE outlook for Singapore’s economy remains subdued with no impending rebound in sight, the government said on Thursday, even as the economy performed better in Q4 2011 than initially thought. It kept its forecast of a 1-3 per cent expansion this year.
        49 words
      • Article, Illustration
        Lock icon Orders at S’pore Airshow top US$30b
        72 9 THE value of orders announced at the Singapore Airshow 2012 was treble that of the previous biennial event, surpassing even the most optimistic projections of its organiser. As of Thursday, total order tally for civilian and military aircraft had exceeded US$30 billion. LION LEADS
        AFP  -  72 words
    • Article
      Lock icon NEXT WEEK | Feb 20-24,2012
      61 9 NEXT WEEK Feb 20-24,2012 US DATA Feb 22 Jan existing home sales Feb 23 Jobless claims Feb 24 Consumer sentiment Jan new home sales SINGAPORE DATA Feb 20 Q4 central government debt Feb 21 Q4 wholesale trade index Feb 23 Jan consumer price index Feb 24 Jan index of industrial
      61 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      280 9 Across 5 Assure clubs about company (7) 7 Steer clear of a vacuum (5) 9 Quiet monk installing small sort of screen (6) 10 Adults in classes describing heartless women (5-3) 11 Struck by love, men fall apart (2,2,6) 13 Carry out order causing catastrophe (4) 14 Your drink: I
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    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      11 9 SATURDAY with Ludwig ‘I didn’t expect airshows have closing-out sales too
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Walking the talk
      1934 10 / 11  -  Arnoud De Meyer, president of the Singapore Management University, is an ideas man, and he’s fully committed to fostering a culture of innovation among Singaporean students and institutions. By Lee U-Wen leeuwen@sph.com.sg IF there’s one thing that Arnoud De Meyer wants to achieve during his tenure as
      ARTHUR LEE  -  1,934 words
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  • COMPANIES
    • Article
      Lock icon Fair-value gain fall hits UIC, SingLand
      436 12  -  2011 full-year net profit down 71% for UIC and 51% for its subsidiary By Joyce Hooi joyceh@sph.com.sg Singapore IN THE absence of huge fair-val-ue gains seen earlier, United Industrial Corporation (UIC) posted a 71 per cent drop in full-year net profit to $214.2 million
      436 words
    • Article
      Lock icon PPL Shipyard clinches US$213m Safin Gulf deal
      296 12  -  By Lynn Kan lynnkan@sph.com.sg Singapore SEMBCORP Marine’s subsidiary PPL Shipyard has secured a US$213 million contract for a pro-prietary-design Pacific Class 400 jack-up rig for Safin Gulf yesterday. And with that, SembMarine busted the US$1 billion order win-mark in 2012. Analysts note that
      296 words
    • Article
      Lock icon NYSE Euronext, CME Group, ICE bid for LME
      524 12 Bloomberg Reuters NYSE Euronext and CME Group have submitted bids for the London Metal Exchange (LME), valuing it at up to £1 billion (S$2 billion), the Financial Times reported. The Intercontinental Exchange (ICE) has also submitted a bid and has hired JPMorgan
      Bloomberg; Reuters  -  524 words
    • Article
      Lock icon Reliance Comms hires Stanchart, DBS for S’pore IPO
      241 12 Reuters New Delhi INDIA’S Reliance Communications has appointed another two banks for the upcoming US$1 billion initial public offering (IPO) of its undersea cable unit in what may be the biggest stock listing in Singapore this year, two sources said. Standard Chartered
      Reuters  -  241 words
    • Article, Illustration
      Lock icon Greece’s bailout in focus as STI climbs above 3,000
      1019 13  -  STOCKS R Sivanithy sivan@sph.com.sg Senior correspondent SO will Greece be bailed out or will it default on its March 20 bond redemption? Markets these past six weeks have been betting that the answer to the first half of the question is
      1,019 words
    • Article
      Lock icon Yongnam CEO under CAD probe
      143 13 YONGNAM Holdings’ CEO Seow Soon Yong is being investigated by the Commercial Affairs Department (CAD) for a possible breaking of the securities law linked to insider trading, a regulatory filing by Yongnam showed. The CAD has asked him to produce certain documents filed between Jan
      143 words
    • Business briefing
      • Article
        Lock icon ST Engg unit secures US$46m deal
        44 13 ST ENGINEERING said that its land systems arm ST Kinetics Ltd has secured a US$46 million contract to supply its 120mm Super Rapid Advanced Mortar Systems to an overseas customer. The delivery is to be completed by 2014.
        44 words
      • Article
        Lock icon KepCorp unit slashes stake in Floatel
        43 13 KEPPEL Corporation’s wholly owned subsidiary Wideluck Enterprises has cut its stake in Floatel International to 46.99 per cent from 86.18 per cent. Wideluck sold its stake to OCM Wonder PF/FF Holdings PT Ltd, at NOK20.50 per share.
        43 words
      • Article
        Lock icon Anchun expects Q4 loss
        50 13 ANCHUN International Holdings expects to report a loss for the fiscal fourth quarter ended Dec 31,2011 and a “signif- icant decline” in profit for the full fiscal year, due to provision for doubtful debts on outstanding trade receivables and after a review of its work-in-progress contracts.
        50 words
      • Article
        Lock icon Delong warns of 2011 loss
        41 13 DELONG expects to swing to the red for the year ended Dec 31,2011, due to lower production output in Q1, lower demand for its hot rolled coil products in Q4, and significantly higher raw material prices.
        41 words
      • Article
        Lock icon Aspial full-year profit soars
        72 13 ASPIAL Corporation posted a surge in 2011 full-year net profit to $45.3 million from $4.83 million for the preceding year, due to a 50 per cent jump in revenue to $420 million. “The group achieved a significantly better performance in 2011 as compared to the previous
        72 words
      • Article
        Lock icon Star Pharma expects Q4 deficit
        36 13 STAR Pharmaceutical expects to report a loss for the fourth quarter ended Dec 31, 2011 due partly to ongoing volume and selling price controls for certain products by the China government.
        36 words
      • Article
        Lock icon Hong Leong Finance a full sponsor
        41 13 HONG LEONG Finance said it is now a full sponsor for the SGX Catalist board. It will be able to introduce new listings to the Catalist board and provide continuing advice on compliance issues postlisting.
        41 words
    • Article
      Lock icon Hi-P shares hit 6-month high on iPhone talk
      486 14  -  Analysts up 201 2 earnings estimate 28% and price target 54% after firm’s $1 00m capex in guidance By Kenneth Lim kenlim@sph.com.sg Singapore HI-P International’s share price hit a six-month closing high yesterday as DMG Partners analysts said the company could be
      486 words
    • Article
      Lock icon Offshore contractor IEV moves upstream
      268 14 Singapore OFFSHORE contractor IEV Holdings has clinched its first ever upstream concession to explore and produce oil and gas. “This award is a game-changer and represents our first step towards implementing IEV’s vision to become a complete energy company with upstream, mid-stream and downstream activities,”
      268 words
    • Article
      Lock icon M&As in asset management sector up moderately
      355 14 Reuters New York THE number of mergers and acquisitions in the asset management industry rose modestly in 2011, held back by falling buyer confidence in the last half of the year, according to a report released on Wednesday by Sandler O’Neill and Partners.
      Reuters  -  355 words
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  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      70 14 Valentine’s Promotion Subscribe to Shape and Men’s Health! FREE six issues when you sign up for 12 issues at only $72! PLUS Win a pair of Ingersoll watches* worth $1,148 when you subscribe! Three pairs (Ingersoll Corondo for him, worth $559 each, and Ingersoll Baton Rouge for her, worth $589
      70 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon At least 22 firms give retrenchment notices
      352 15  -  About 230 workers are likely to be affected later this year, says Tan Chuan-Jin YESTERDAY IN PARLIAMENT By Lee U-Wen leeuwen@sph.com.sg THE government has received advance notice from at least 22 companies that are planning to conduct retrenchments later this year. In total,
      ST FILE PHOTO  -  352 words
    • Article
      Lock icon Yaw given deadline to respond or lose parliamentary seat
      410 15  -  By Lee U-Wen leeuwen@sph.com.sg HOUGANG Member of Parliament Yaw Shin Leong has until next Friday to respond to his shock expulsion from the opposition Workers’ Party (WP) or lose his seat in Parliament. Speaker of Parliament Michael Palmer, addressing the House
      410 words
    • Article
      Lock icon CAAS to roll out new aviation management programmes
      489 15  -  By Ven Sreenivasan ven@sph.com.sg THE Civil Aviation Authority of Singapore (CAAS) yesterday concluded collaborative agreements with Cranfield University, Embry-Riddle Aeronautical University (ERAU) and the Lee Kuan Yew School of Public Policy (LKYSPP) to introduce more tertiary and professional programmes in aviation management.
      489 words
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  • WORLD
    • Article, Illustration
      Lock icon Optimism grows as Greece closes in on bailout
      607 16 But efforts to find a solution have aroused acrimony between Athens and Berlin Re uters Bloomberg Athens OPTIMISM grew yesterday that Greece has finally done enough to secure a second bailout despite worsening relations with Germany, but doubts remained over lenders’ demands
      Reuters; Bloomberg; BLOOMBERG  -  607 words
    • Article
      Lock icon Asian buyers more ready for EU deals than US peers
      451 16 Bloomberg Frankfurt SENIOR company executives in Asia expect Europe to recover from its debt crisis sooner than their peers in the US and are more inclined to acquire competitors in the region, according to a survey by FTI Consulting Inc.
      Bloomberg  -  451 words
    • Article
      Lock icon Goldman said to delay Samurai bond on downgrade review
      379 16 Bloomberg Tokyo GOLDMAN Sachs Group Inc has delayed its first sale of Samurai bonds in four years after Moody’s Investors Service placed the bank under review for downgrade, according to a person with direct knowledge of the matter. Goldman Sachs pushed
      Bloomberg  -  379 words
    • Article, Illustration
      Lock icon China VP to wrap up US visit in LA
      654 17 Much of his four-day visit to the US has been focused on agriculture AP Los Angeles CHINESE Vice-President Xi Jinping is wrapping up a pivotal four-day visit to the United States with a daylong series of events in Los Angeles with
      AP; AFP  -  654 words
    • Article, Illustration
      Lock icon HK’s Tang refuses calls to quit chief exec race
      529 17 Bloomberg Hong Kong HENRY Tang, a leading candidate to be Hong Kong’s next chief executive, refused calls to withdraw from the race amid growing criticism over an illegal basement built on a property owned by his wife. The former chief secretary
      Bloomberg; REUTERS  -  529 words
    • Article, Illustration
      Lock icon World finding China trademark law a pain
      763 18 ‘First to file’ system rewards party who files for registration first, giving rise to opportunistic ‘trademark squatters’ Reuters Hong Kong CHINA’S trademark system is a minefield of murky rules and opportunistic “trademark squatters” that even the world’s biggest companies and their high-ly-paid lawyers
      Reuters; AFP  -  763 words
    • Article, Illustration
      Lock icon Apple’s share of China’s smartphone market slips
      448 18 Reuters Beijing APPLE Inc’s share of China’s booming smartphone market slipped for a second straight quarter in October-December, as it lost ground to cheaper local brands and as some shoppers held off until after the iPhone 4S launch last month. China, the world’s
      Reuters; AFP  -  448 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon An offer that you can refuse
      935 19  -  Why getting a piece of the Facebook pie might not be as rewarding as you think. By By Arturo Bris and Salvatore Cantale ~The writers are professors of finance at IMD in Lausanne FACEBOOK is organising a party and is going to sell tickets
      AP FILE PHOTO  -  935 words
    • Article, Illustration
      Lock icon China can help speed up US economic growth
      1051 20  -  But economic, geo-strategic components in the complex Sino-American relationship are tangled Leon Hadar Washington correspondent btworld@sph.com.sg IT is not surprising that China bashing is being embraced by US politicians campaigning for votes in this election year dominated by nationalist, xenophobic and an-ti-immigrant
      AFP  -  1,051 words
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  • Article
    Lock icon SGX
    8251 21 Transaction date: Feb 17 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 11.5 8Telecom 13 13 13.5 7.8 4.7 2.7 62.3 9.5 4 A-Sonic 5.5 unch 60 5.5 5.5 5.4 5.9 2.4 2
    8,251 words
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  • Article
    Lock icon SGX CATALIST
    1755 24 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 $mil 34 12.1 t 800 Super 17 +0.2 138 17 16.6 16.6 17 4.7 3.2 6.6 30.4 4.5 2.5 t AA Grp 4 3.2 4 19
    1,755 words
  • Article
    Lock icon SECURITIES TRADING SCOREBOARD
    186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 1 6 0 0 0 10 1 6 Manufacturing 95 38 27 8 7 7 103 45 34 Commerce 27 16 19 7 2 3 34 18 22 Tpt/Stor/Comms 28 9 6
    186 words
  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    820 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Feb 13 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Liongold Corp Ltd 16-Feb-12 Wira Dani Bin Abdul D Buy 2085 na 4000 0.55 6085 0.83 Liongold
    820 words
  • Article
    Lock icon SECURITIES TRADING TURNOVER
    121 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN SDQ TOTAL Multi Ind 26,543 26,543 84,823 84,823 Manufacturing 261,191 118,296 379,487 260,573 919 261,493 Commerce 454,457 11,420 465,877 195,017 942 195,959 Tpt/Stor/Comms 183,190 33,264 216,454 211,975 5,819 217,794 Finance 65,216 50 65,266 149,911 7 149,917 Construction 161,946 20,961
    121 words
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  • MARKETS
    • Article
      Lock icon LIFFE
      80 25 Feb 16 COCOA (£/tonne) Close Prev High/Low Mar 12 1537 1552 1550/1501 May 12 1543 1555 1558/1506 Jul 12 1553 1564 1566/1520 Sep 12 1556 1565 1566/1522 COFFEE(US$/tonne) Close Prev High/Low Mar 12 2167 2143 2174/2132 May 12 2039 1979 2047/1960 Jul 12 2050 1994 2054/1975 Sep 12 2064
      80 words
    • Article
      Lock icon METALS
      71 25 Feb 17 GOLD(US$/oz) Feb 16 Feb 17 Hong Kong 1724.00 1639.30 Feb 17 Feb 15 Feb 16 London 1728.44 1719.21 1729.66 1719.98 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 42.56 41.90 Source: UOB PLATINUM/ Lon (US$/oz) Feb 16 Close Previous PM Fix 1610.00 1636.00 AM Fix 1612.00
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    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      99 25 As on 16 February 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT APR2012 1721.90 1712.50 1728.20 21 CURRENCY AUD-USD FUT MAR2012 1.0667 1.0664 1.0729 20 EUR-USD FUT MAR2012 1.3124 1.2976 1.3114 ***** BASE METAL COPPER FUT MAR2012 8300 8218 8356 1046
      99 words
    • Article
      Lock icon CHICAGO BOT
      103 25 Feb 16 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Mar 12 1258.25 1261.00 1264.50 1246.25 May 12 1265.00 1268.75 1272.00 1254.00 Jul 12 1273.50 1277.50 1280.50 1263.00 Aug 12 1269.75 1274.00 1274.50 1260.00 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Mar 12 53.05 53.35 53.37 52.56
      103 words
    • Article
      Lock icon PALM OIL
      60 25 Feb 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 12 3191.0 3213.0 3219.0 3183.0 767 5440 Apr 12 3210.0 3231.0 3251.0 3202.0 6254 ***** May 12 3205.0 3242.0 3255.0 3204.0 ***** ***** Jun 12 3203.0 3239.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      80 25 Feb 17 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-16 102.64 102.78 102.75 Day's 10-Year
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      Lock icon INTERBANK CURRENCY RATES
      154 25 Feb 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3564 1.3569 1.0768 1.0770 Canadian dollar 1.2648 1.2651 1.0040 1.0041 Euro 1.6555 1.6561 1.3142 1.3145 NZ dollar 1.0527 1.0535 0.8357 0.8362 Sterling pound 1.9906 1.9913 1.5802 1.5805
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      Lock icon OIL
      75 25 Feb 16 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 119.58 0.41 WTI (Near Mth) 102.33 0.48 Dubai (1-Mth F) 116.01 0.37 Tapis blend 127.80 1.07 Minas 126.60 1.07 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 113.83 -0.06 Jet Kerosene 131.90 -0.35 US$/barrel Opec Oil Basket Price
      75 words
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      Lock icon FOREIGN CURRENCY NOTE RATES
      122 25 Feb 17 note rates Feb 17 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.388 1.322 Can dollar 1.289 1.24 Euro 1.686 1.622 Sterling pound 2.031 1.953 NZ dollar 1.084 1.033 US dollar 1.28 1.231 Local dollars to 100 units of
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      Lock icon LONDON METALS
      69 25 Feb 16 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2118.00 2156.75 3 months 2160.00 2200.00 Copper, Grade A (US$/tonne) Cash 8286.00 8351.00 3 months 8300.00 8370.00 Lead (US$/tonne) Cash 1985.00 2029.50 3 months 2015.00 2062.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Feb 16 Index Change Change Change Change Change Change World Preliminary 892.6 0.2 7.6 0.4 5.4 0.1 7.9 EAFE Preliminary 734.8 -0.3 7.7 -0.2 5.7 -0.5 8.3 Europe Preliminary 1100.2 -0.1 7.2
      373 words
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      Lock icon STOCKS
      88 25 YTD change:+13.39% 52-week high: 3,227.28 on Aug 1,2011 52-week low: 2,521.95 on Oct 5,2011 Source: Bloomberg YTD change:+16.58% 52-week high: 24,468.60 on Apr 8,2011 52-week low: 16,170.30 on Oct 4,2011 Source: Bloomberg YTD change: +7.17% 52-week high: 3,067.46 on Apr 18,2011 52-week low: 2,132.63 on Jan 6,2012 Source: Bloomberg
      Source: Bloomberg  -  88 words
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  • Living
    • DINING
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        Lock icon CHEF ON BOARD
        3270 26 / 27  -  Several of Singapore’s most established chefs have found a new avenue for their culinary talent acting as consultants for others. BT Weekend sounds them out By Debbie Yong debyong@sph.com.sg By Jaime Ee jaime@sph.com.sg SAM LEONG WHEN Sam Leong left the Tung Lok group in July 2012, he
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    • DESIGN
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        Lock icon PIECES OF HISTORY
        1103 29  -  Furniture that has had a previous life is increasingly in demand, as consumers tire of mass production and look for stories and traditions. BT Weekend talks to four that specialise in special pieces By Cheah Ui-Hoon IMAGINE having a dining table in your house that is brand
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        Lock icon Second time’s a charm
        588 30 / 31  -  Second Charm Blk 19 Kallang Avenue, #04-157 Mapletree Industrial BuildingZ6294-2919 Open Tues-Sat 11am-5.30pm, Sun 12-5pm. Closed on Mon By Natalie Koh natksl@sph.com.sg A THROWAWAY society like ours may emphasise speed and convenience, but heritage and durability may well be the buzzwords of the future as an
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        Lock icon Soft sell
        769 30 / 31  -  By Cheah Ui-Hoon uihoon@sph.com.sg FILIPINO furniture designer Kenneth Cobonpue’s star is shining ever brighter from furniture featured in the hit movie Oceans 13 to the remake of sci-fi flick Total Recall that will be out on screens this year. In between, he also had a commission from the
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        Lock icon Go east
        752 32  -  Journey East 315 Outram Road #03-02 Tan Boon Liat Building Z6473-1693 15 Joan RoadZ6253-4950 Open Mon to Sat: 11am-6pm Sun and public holidays: 11.30am-6pm By Natalie Koh natksl@sph.com.sg WHEN Anita Sam, owner of vintage furniture store, Journey East, first arrived in Singapore in 1989, the first piece of
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    • GOLF
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        Lock icon Stellar final field for Asia’s Major
        1113 33  -  Look out for interesting play on a challenging course. HSBC Women’s Champions 2012 By Justine Moss NEXT week, 62 of the best women golfers in the world will be in Singapore to play in the fifth edition of the HSBC Women’s Champions event at
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    • MOTORING
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        Lock icon FRENCH FLAIR
        572 34  -  Dynamic styling is matched with optimum performance in the compact Citroën DS4. By Samuel Ee samuelee@sph.com.sg CITROËN’S premium DS series has unveiled its second model in Singapore the DS4 and like the DS3 supermini which was launched here more than a year ago, it’s funky but bigger and
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        Lock icon ESTATE OF THE ART
        613 35  -  Few cars are both pretty and practical. The Audi A6 Avant is one of them. By Samuel Ee A PREMIUM estate makes an automotive statement and the new Audi A6 Avant in particular seems to make a strong one with its distinctive styling. This latest generation
        613 words
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      41 30 / 31 CLASSIFIED 2 r to m A V J KJ. ft s'/' m M 43 j«Sf a TH dr Beautify your home with a new rug. To find out more, turn to CLASS 92 in CATS Classified in The Straits Times now.
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      841 32 wine&dinewith BTWeekend Chatterbox Level 5, Mandarin Orchard Singapore 333 Orchard RoadZ6831 6288 Home to the signature Mandarin Chicken Rice, Chatterbox is an iconic coffee house renowned for its Asian local delights and Western favourites. Most recently, Chatterbox opened its new premises on Level 5 of the hotel with a refreshing
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Learning to mistrust your instincts
        1095 36 / 37  -  Prof Daniel Kahneman and his acolytes argue that investors don’t always act in their own best interests and are consistently led astray by emotional motives and cognitive errors. By John F Wasik NYT PEOPLE’S intuition is often wrong when it comes to investing. We often
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      • Article
        Lock icon BROKERS’ TAKE Silverlake Axis
        694 36 / 37  -  Compiled by CONRAD TAN BUY Feb 17 close: S$0.385 DBS Group Research Feb 17 SILVERLAKE Axis provides proprietary banking software to banks and financial institutions. The company has over 100 customers including eight of the 20 largest banks in South-east Asia. The recent addition of CIMB
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        Lock icon Can Indonesia continue to outperform?
        1037 38  -  Analysts are turning bullish on the country, citing the strong rupiah, higher confidence in country specific risks SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior correspondent THIS year, despite or perhaps exactly because of the almost unanimously bleak prognoses, risk assets have performed unexpectedly
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    • WEALTH REAL ESTATE
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        Lock icon ‘Green’ prime office space baits top tenants
        692 39  -  S’pore viewed as a pioneer in terms of environmental consciousness by incorporating green planning in mega-building structures By Michelle Tan michtyz@sph.com.sg similar jobs in cities like Singapore where the air quality is better and the government is actively pushing the country’s green credentials,”
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      • Article
        Lock icon Househunt
        341 39 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JAN 18 AND JAN 24, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 4 NON-LANDED Reflections At Keppel Bay Apt 18/01/2012 99 1841 3277 1780 The Interlace Apt 20/01/2012 99
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      141 40 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. CLASSICAL PURITY IS THE DEFINING AESTHETIC OF THE JULES AUDEMARS EXTRA-THIN. FOR CENTURIES THE ARTISAN HAS KNOWN THAT IT IS EASIER TO ADD THAN TO SUBTRACT-TO INDULGE RATHER THAN TO RATIONALISE. HERE HOWEVER THE MASTERY OF THE ESSENTIAL HAS PRODUCED A
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      40 1 BudgetBTTHE USINESS TIMES WEEKEND FEBRUARY 18-19 2012 201 2 MAKING THE LEAP A Budget for the future SMEs B2 CONSTRUCTION B3 SUPPORTING ENTERPRISE B4-B7 REACTIONS B8-B10 TRANSPORT B11 HEALTHCARE B12 INCLUSIVE GROWTH B13 BUDGET BOOK B14-15 REACTIONS B16 PHOTO: STOCK.XCHNG
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      30 3 PwC Budget Seminar 2012 pwc Bookyour seat for the seminar now at www.pwc.com/sg/hudget-2012! Don’t forget to download your copy of our Budget Commentary too. Registration closes on 21 February 2012.
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      145 5 Move in the right direction Seminar on Budget 2012 Friday, 24 February 2012 9:00 am to 1:30 pm (Lunch will be served) Conrad Centennial Singapore Deputy Prime Minister and Minister for Finance, Mr. Tharman Shanmugaratnam delivered the 2012 Budget Statement on 17 February 2012. Tax partners from Deloitte Singapore, together
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