The Business Times, 20 February 2012

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Total Pages: 29
1 30 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Monday, February 20, 2012
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  • 776 1  -  Higher wages may drive up prices; companies may not be able to find local staff By CONRAD TAN [SINGAPORE] THE Budget measures to spur increased productivity and sustainable long-term growth for Singapore carry short-term inflation and other risks for businesses and the economy, say analysts
    YEN MENGJIIN  -  776 words
  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,000.59 +40.59 KL COMP 1,557.15 -4.51 NIKKEI 225 9,384.17 +437.00 HANG SENG 21,491.62 +707.76 SET INDEX 1,129.93 +17.02 JAKARTA COMP 3,976.54 +64.15 MANILA COMP 4,880.71 +97.19 SEOUL COMP 2,023.47 +29.76 SHENZHEN B 623.44 +9.13 MUMBAI IND 18,289.35 +540.66 DOW 12,949.87 +148.64 NASDAQ 2,951.78 +47.90 S&P
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    • 18 1 SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 0.50 TAIWAN 5.035 JAPAN 1.475 KOREA Source: Bloomberg
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    • 49 1 us$ 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
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  • 998 1  -  Many are showing interest, with costs getting higher here By CONRAD TAN [SINGAPORE] Iskandar Malaysia, the massive economic development region in Johor, is wooing more companies from Singapore to set up operations there as business costs bite here. Dozens of manufacturing firms based
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  • Page 1 Advertisements
    • 90 1 DINING OUT Yet to hit top gear PAGE 23 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. *****1 *****4 HUBLOT KING POWER UNICO GOLD a THE HOURGLASS HUBLOT BOUTIQUE MARINA BAY SANDS® TEL: 65-6688 7890 Takashimaya S.C.
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    • 62 1 BizIT Enterprise still driving force for Canon PAGE 30 Look out for The Business Times’ new one-stop financial portal today. The BT Invest portal will make available for free the latest market updates, research reports and policy announcements. It will also feature articles from BT journalists and news archives from
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    • 32 1 WALL STREET INSIGHT Consumer confidence to keep bull market going PAGE 3 A little pain now for a lot of gain later For an inclusive society and upgraded economy I PAGE 2
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    • 10 1 VIEWS FROM THE TOP The Euro challenge PAGES 10 11
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  • TOP STORIES
    • 468 2 Budget measures seen carrying short-term risks THE Budget measures to spur increased productivity and sustainable long-term growth for Singapore carry short-term inflation and other risks for businesses and the economy, say analysts and business leaders. FRONT PAGE Singapore SMEs urged to ‘come to Iskandar’ ISKANDAR Malaysia, the economic
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    • 77 2 IN “Budget sends sharp, clear message to SMEs” (BT, Feb 18), we said that training programmes under the refined Productivity and Innovation Credit (PIC) scheme no longer need to be certified by the Singapore Workforce Development Agency (WDA) or Institute of Technical Education (ITE). The Ministry of Finance has
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    • 908 2  -  Budget aims at enabling long-term economic sustainability COMMENTARY By ADRIAN BALL The writer is head of tax, Ernst Young Solutions LLP [SINGAPORE] THE last 12 months have seen incredible political, social and economic upheaval in many countries around the world.
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    • 626 2  -  Budget heeds citizens’ call while planning for nation’s longer-term interests COMMENTARY By TAN KHEE GIAP The writer is co-director, Asia Competitiveness Institute, at the Lee Kuan Yew School of Public Policy, National University of Singapore [SINGAPORE] THE theme of Budget 2012 is building
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    • 331 2  -  By CONRAD TAN [SINGAPORE] Resale activity in public housing estates with many elderly homeowners is set to increase after the Government introduced a $20,000 bonus for older Singaporeans who sell their flats and buy three-room or smaller flats. The measure to help
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    • 873 3  -  Greek debt deal and earnings reports also positive for stocks, according to traders WALL STREET INSIGHT By ROB CURRAN THE US stock market is at its highest level in four years and this week a Greek bailout and various consumer reports will likely
      BLOOMBERG  -  873 words
    • 715 3  -  By CONRAD TAN [SINGAPORE] Set up in July 2006, Iskandar Malaysia special economic zone is only now moving into high gear, with the recent completion of major infrastructure projects and industrial parks. Just over five years on, Johor’s flagship economic project has
      715 words
  • Page 2 Advertisements
    • 522 2 Budget 2012 Date Tuesday, 28 February 2012 Time 8.30am to 5.00pm Venue Orchard Hotel Singapore 442 Orchard Road Singapore *****9 Seminar Fees Client KPMG Alumni S$250 per participant Non-client S$280 per participant The fee is inclusive of 7% GST, seminar materials, lunch and refreshments. Registration kpmg.com.sg/seminar Closing Date Thursday, 23
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  • Page 3 Advertisements
    • 208 3 SMU-BCA-WDA Productivity and Leadership Development Programme 23 March 30 June 2012 REVISED CURRICULUM including a module on "Opportunities in Building Innovations Productivity" Highly rated Leadership Development Programme to boost productivity among construction firms This flagship programme tailored for the building construction industry aims to provide participants with a broader strategic
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  • SINGAPORE MARKETS
    • 675 4  -  STOCKS R SIVANITHY Senior Correspondent FOUR weeks ago, this column suggested that contrarians had the market in their grip, particularly in Europe where stocks were turning in a stellar performance despite terrible economics (“Contrarians hold sway for now” BT, Jan 16). It was also
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    • 393 4 CURRENCIES Bloomberg [NEW YORK] The yen fell against all its most-traded counterparts after the Bank of Japan said it would increase the size of its as-set-purchase fund. Japan’s currency fell to a six-month low versus the dollar in its
      Bloomberg  -  393 words
    • 702 4 COMMODITIES AFP [LONDON] Star performer oil hit an eight-month peak last week on the back of simmering tensions in key crude producer Iran, but other commodities enjoyed mixed fortunes as traders tracked the Greek debt crisis. “Sentiment has once again shifted towards Europe’s sovereign
      AFP  -  702 words
    • 1508 4 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 2 9.70 10.98 1.42 1.07 Amtek Engg 2.40 2.60 5 0.08 7.49 0.87 0.74 ARA Asset Mgt 1.56 1.63 9
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    • 4 4 WEEKLY
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    • 66 4 Feb 17 VALUE CLOSE BT OB/OS 644.00 +58.00 BT CADI -*****.00 +194.0 BT 10-day MA -*****.00 +64.00 FTSE ST Mid Cap 681.64 +3.94 FTSE ST Small Cap 467.44 +4.28 FTSE ST All Share 724.50 +5.48 FTSE ST China Top 231.31 +1.12 FTSE ST China 267.94 -0.66 FTSE
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    • 57 4 VOLUME Genting SP 379,173,000 Noble Grp 339,067,000 Golden Agri 335,760,000 Artivision 268,246,000 IPCO Intl 266,092,000 Oceanus 257,975,000 UniFiber 256,998,000 PSL Hldgs 228,658,000 TopGlobal W*****9 210,797,000 Yoma 177,744,000 VALUE($) Genting SP 642,017,700 Noble Grp 504,765,409 SingTel 411,826,348 Wilmar 350,158,641 Olam 299,249,580 DBS Grp 284,462,535 Keppel Corp 280,628,140 Golden
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    • 114 4 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 330.0 2.4 IS DJ US Tech 7351 234.3 2.6 DBXT MSUSA 10US$ 3285 230.5 5.9 DBXT AUDCS 5SG$ ***** 224.0 0.8 Creative Tech 457 217.0 90.4 JMH 5300 189.0 2.9 Asia Pac Brew 3100 160.0 5.4 GLD 10US$ ***** 142.4 0.7
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    • 126 4 BY CENTS CLOSE DOWN DBXT MSAsExJp 10US$ 3150 -127.2 -3.1 DBXT E50 10US$ 3729 -95.7 -2.0 DBXT MSTHAI 10US$ 1791 -58.0 -2.5 DBXT S&P Short 10US$ 3841 -50.4 -1.0 DBXT MSEurope 10US$ 4295 -44.1 -0.8 F&N.ES.1202 642 -27.0 -4.0 OCBC Bk 5.1%NCPS 100 ***** -25.0 -0.2 Kep Corp.ES.1202 1074
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    • 5 4 WEEKLY
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    • 1596 6  -  TEH HOOI LING Senior Correspondent THE Straits Times Index chalked up its seventh straight week of gains last week. So far this year, it has advanced by 13 per cent. As a result of its price gains, the equity risk premium (ERP) for
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  • COMPANY NEWS
    • 535 5  -  The company has set up a new investment unit and has hired two consultants to lead it By RONNIE LIM WITH no more land available in Singapore for new on-shore oil/chemical terminals, Rotary Engineering is developing a new oil
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    • 235 5 COMPANY MEETING PLACE DATE TIME CHT (Hldgs) Ltd S Turquoise Room, Level 3, Sheraton Towers Singapore, 39 Scotts Road, Singapore *****0 18-Feb 9.00am Yoma Strategic E Ballroom 1, Level 3, Amara Hotel, 165 Tanjong Pagar Road, Singapore *****9 20-Feb 10.00am TPV Tech S Unit 1208–16, 12/F, C-BONS International
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    • 436 5  -  By RACHEL LOI COMPANIES should put their eggs into the same basket, or at least, baskets weaved from the same tree, according to a report by McKinsey Quarterly released earlier this month. In other words, no matter how tempting it may be for
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    • 974 5 Payment Ex Books Pay Ann (cts) date close date date AIMS Amp Cap Ind Reit ag 2.600 03-Feb 07-Feb 20-Mar 20-Jan Ascendas Reit ad 0.050 25-Jan 27-Jan 27-Feb 18-Jan Ascendas Reit ao 3.430 25-Jan 27-Jan 27-Feb 18-Jan Ascott R Trust ad 2.426 27-Jan 31-Jan 27-Feb 20-Jan Ascott R
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    • 1630 7  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited THE trading among directors was flat for the second straight week, based on filings on the Singapore Exchange from Feb 13 to 17. Eight companies recorded 14 purchases worth $2.48 million,
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  • Page 5 Advertisements
    • 568 5 REINVENT YOUR INVESTING WITH EfcTRADE Our new, one-page website U.S. investing experience 360 Complete View QS3 E'TRADE 360 My Info Subscriptions Move Money Account Transfer Bill Pay Statements 8 Records Forms Applications Products Commissions Your last log on was January 11.2012 2:41 AM ET O B IB Purchasing Power View
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  • Page 7 Advertisements
    • 110 7 Trade beyond borders That’s what participants in international commerce can do when they’re smart about managing risk. And smart managers work with CME Group, the world’s leading derivatives marketplace. Companies doing business around the world come to us to manage virtually every kind of risk. Changing currency valuations, energy costs,
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  • SINGAPORE NEWS
    • 871 8  -  By ANNA LEE DOCTORS may soon be able to take on more patients by monitoring chronic cases virtually, if the telehealth system recommended by home-grown myHealth Sentinel (mHS) works out. Once a clinic subscribes to the TeleMetrix+ service that mHS provides, doctors can
      YEN MENG JIIN  -  871 words
    • 328 8 FEB 17 BANKS Agricultural Bank Of China 5.5 Agricultural Bank Of China 5.5 Banco Bilbao Vizcaya 6 Arab Bank PLC Bank Julius Baer Co. Ltd(S) 5 Banco Bilbao Vizcaya Bank of China Limited 5.5 Bank of Communications 5.5 6 Bank Julius Baer Co. Ltd(S)... Bank of New
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    • 248 8  -  By LESLEY TEOH AN auction by OCBC Bank’s global treasury and investment banking divisions has raised $100,000 for ChildAid 2012. The sum was raised after senior bankers from the two divisions donated luxury items, such as laptops, a holiday in Mauritius and an IWC
      ARTHUR LEE  -  248 words
  • Page 8 Advertisements
    • 280 8 a* WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Mermaid Maritime Public Company Limited lUOIlUfl mil™ flrlVl (UT11TO) (Reg. No. **********017] 26/28-29, 9 th Floor Orakarn Bldg.,Soi Chidlom, Ploenchit Road, Lumpinee, Pathumwan, Bangkok *****, Thailand. Tel: +66 (0) 2-255-3115-6; Fax: +66 [0) 2-255-1079 INVITATION TO MERMAID MARITIME'S SINGAPORE SHAREHOLDERS’ FORUM
      280 words
    • 581 8 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF DAI-ICHI PTE LTD (IN CREDITORS’ VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****6231Z) Notice is hereby given that pursuant to Section 308 of the Companies Act (Cap.50), the final general meeting of the Company and of its creditors
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    • 365 8 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF JAG FOUNDATION LIMITED (PROVISIONAL LIQUIDATORS APPOINTED) Company Registration No. *****1576M NOTICE OF MEETING OF CREDITORS Notice is hereby given that pursuant to Section 296 of the Companies Act Cap.50, a meeting of the creditors of the
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    • 182 8 IN THE MATTER OF SECTIONS 290 AND 296 OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF ALCOVA GROUP PTE. LTD. (formerly known as Mon Petit Cafe Pte Ltd) (IN CREDITORS’ VOLUNTARY LIQUIDATION) (Co. Reg. No: *****1062G) (“the Company”) NOTICE OF APPOINTMENT OF LIQUIDATORS Take notice that, at
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    • 14 8 www.omy sg x ■s i -4 as 3 The Lady »«n» SISTAR* boyfriend showbiz.omy.sg
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  • Page 9 Advertisements
    • 280 9 Investing in advantage has its payoffs That is why we developed PRUVantage a suite of insurance and investment solutions to help ensure that you continue to be in a position of advantage, especially where your wealth is concerned. Part of this suite of products, is PRUSelect Vantage which allows you
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  • VIEWS FROM THE TOP
    • 3239 10 THIS WEEK’S TOPIC: How serious is the current eurozone crisis, and how could it affect businesses in this region? What do Singapore companies, particularly those in your own industry, need to do to protect themselves? Richard Wee Chief Executive Singapore Lombard Odier THE situation unfolding in the
      REUTERS  -  3,239 words

  • Page 11 Advertisements
    • 24 11 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email noticesd>sph.com.sg. WATS NOTICES CLA/30MAR05/GAN
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    • 268 11 ill AUJtTiPlA BUSINESS'MIGR'ATION 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 value
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    • 166 11 WIELCOMIE TO FIGHT NIGHT SAT 2H N:I5 2012 SING AIM) HI: IEXPO HAM. 2 H-10PM mm sm i 3\ Wi KICKBOXING WORLD SERIES Catch the inaugural FighterZgne world event right here in Singapore! Superstar kickbgxers Andy Souwer, Albert Kraus and Naruepdl Fairtex lead THE LINE-UP DF EUROPEAN AND ASIAN CHAMPIONS
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1400 12 Has the positive association between fund family size and fund performance been affected by regulatory changes in the last decade? SIZE is not everything, but it may be intuitive for the novice investor to place his money in a mutual fund from large fund
      STOCK.XCHNG  -  1,400 words
    • 933 12  -  Dou Hua Zhuang founder Chng Xueru tells ANNA LEEit’s always been her dream to set up a beancurd stall STARTING YOUNG ANNA LEEit’s WHEN you’re young, there’s nothing to lose. For 27-year-old Chng Xueru, founder of Dou Hua Zhuang, that was her mantra even
      ARTHUR LEE  -  933 words
  • Page 12 Advertisements
    • 162 12 Get started now Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • ECONOMY WATCH
    • 816 13  -  Total value of deals abroad up more than 60% to record of over 6 trillion yen By ANTHONY ROWLEY in Tokyo JAPAN is currently at the centre of a boom in mergers and acquisitions (M&A) despite damage done to the country’s corporate governance image by the
      BLOOMBERG  -  816 words
    • 328 13 Reuters [PARMA] Italy’s central bank governor urged the government on Saturday to rapidly implement planned reforms and take further steps to support the eurozone’s third-biggest economy, which he said would shrink by around 1.5 per cent this year. In a keynote speech
      Reuters  -  328 words
  • Page 13 Advertisements
    • 145 13 The Leading Operator Established 1985 ‘‘Satisfying your corporate needs” We are always actively involved in identifying the true needs of our clients and ensuring that those needs are met on time and on budget. A dynamic team rich in experience, professionalism and knowledge. Always believe in going far and beyond
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    • 134 13 Work-Life Excellence Award 2012 Call for Entries Is Now Open fN r i ro (I o> 5 I X yj Lommntce on -life Strategy Mi >A What do all great companies have in common? The ability to attract outstanding people! Work-life harmony is consistently ranked as one of the top
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  • MALAYSIA/INDONESIA
    • 1039 14 EGM called off but boardroom battle likely to heat up again next month Reuters [LONDON] Bumi plc’s Indonesian shareholders have almost half the board ranged against co-chair-man Nathaniel Rothschild, sources said, and are still confident they can weaken his grip on the miner
      Reuters; REUTERS, BLOOMBERG  -  1,039 words
    • 546 14  -  With 5 straight quarters of growth, Najib is well-positioned to seek new voter mandate MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent GROSS domestic product growth in the fourth quarter of 2011 came in at 5.2 per cent year-on-year, Malaysia’s central bank reported last week. The
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    • 1714 14 VOL Feb 17 RM +/-(‘000) A M Realty 0.46 unch 3 VOL Advance Synerg 0.21 unch 2078 Adventa Bhd 1.63 unch 26 Ae Multi Hldgs 0.33 -0.01 422 Affin Holdings 3.13 0.03 446 Ahmad Zaki Res 1.04 unch 627 Abric Bhd Airasia Bhd 3.66 0.02 5384 Alliance Finan
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  • Page 14 Advertisements
    • 987 14 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices KUAN ENTERPRISES PRIVATE LIMITED (Company Registration Number: *****0415M) (Incorporated in the Republic of Singapore) NOTICE OF PROPOSED AMALGAMATION OF KUAN ENTERPRISES PRIVATE LIMITED WITH BISCUIT BRANDS (KUAN) PTE. LTD. ISSUED PURSUANT TO SECTION 215C(5)(b) OF THE COMPANIES ACT (CHAPTER 50 OF SINGAPORE)
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  • GREATER CHINA
    • 1024 15 Analysts see more cuts this year to counter slowing growth but they say inflation is the key Reuters [BEIJING] China’s central bank cut the amount of cash banks must hold in reserves on Saturday, boosting lending capacity by an estimated 350-400 billion
      Reuters  -  1,024 words
  • Page 15 Advertisements
    • 1254 15 a* watc notices Toll free 1800-289-8822 Email notices@sph,com.sg www.cats.com.sg/notices CANADIAN IMPERIAL BANK OF COMMERCE 2011 Consolidated Financial Statements (in millions of Canadian dollars) CONSOLIDATED BALANCE SHEET CONSOLIDATED STATEMENT OF CASH FLOWS millions, for the year ended October 31 Cash flows provided by (used in) operating activities Net income Adjustments to
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  • Page 16/17 Advertisements

  • WORLD
    • 810 18 Australian health campaigns say use of sunbeds is unsafe and they may be banned AFP [SYDNEY] Jay Allen used to love having what he thought was a healthy tan so much so that he would regularly expose his body to the lights of
      AFP  -  810 words
    • 377 18 AP [LONDON] Britain’s big banks could face a full-blown monopoly investigation if they drag their heels on opening up to competition, a national regulator warned. Banks must act to make it easier for customers to understand various charges and to switch
      AP  -  377 words
    • 406 18 Box office receipts in China last year topped US$2b AP [WASHINGTON] Cheering as loudly as any movie audience, Hollywood and the Obama administration on Saturday hailed China’s agreement to reduce barriers that have kept US-made films out of the booming Chinese
      AP  -  406 words
    • 643 18 Reuters [SYDNEY] Australian Prime Minister Julia Gillard yesterday insisted she commanded support and was best qualified to lead the country, dismissing as “gossip” talk of a leadership challenge from within her party after poor polls. There have been repeated media reports Ms Gillard may
      Reuters; AFP  -  643 words
    • 351 18 AP [WASHINGTON] The World Bank plans to select its next president by the time of its spring meetings in late April, it announced. The bank’s 25-member executive board said that it will accept nominations until March 23. The board said that it will
      AP  -  351 words
    • 1225 19 Scary to think of consequences of triple-selling of bonds, stocks, yen Reuters [TOKYO] Capital flight, soaring borrowing costs, tanking currency and stocks, and a central bank forced to pump vast amounts of cash into local banks that is what Japan may have
      Reuters; AP  -  1,225 words
    • 757 20 Agency cites country’s progress restoring stability and structural reforms after the 2008 banking crisis Bloomberg [REYKJAVIK] Iceland has regained its investment grade from Fitch Ratings after the island pushed through measures that helped stabilise its financial markets and revive growth following the economic
      Bloomberg  -  757 words
    • 989 20 Chancellor talking to opposition over consensus candidate Reuters [BERLIN] To lose one president may be considered a misfortune. To lose two within two years looks like carelessness. German Chancellor Angela Merkel may be reflecting on Oscar Wilde’s aphorism about parents after scandals over
      Reuters; REUTERS  -  989 words
    • 686 20 Bloomberg [LONDON Rupert Murdoch has taken seven months to recover from the “most humble day” of his life at the peak of a phone-hack-ing scandal in the UK to announce a new tabloid in a trademark defiant move by the 80-year-old.
      Bloomberg; REUTERS  -  686 words
    • 690 20 AFP [STOCKHOLM] Swedish companies, relatively unscathed by the European debt crisis, dislike the Swedish economic model’s inertia, want reforms to boost their competitiveness, and want to adopt the euro, their representatives say. “I think Sweden should join the euro We benefit a lot from
      AFP  -  690 words
    • 679 21 Lack of structural reforms and red tape hobble economy, they say AFP Reuters [ATHENS] The eurozone bailout Greece is desperate to clinch this week may rescue its banking and financial system but the path to real economic recovery will be long
      AFP; Reuters; AP  -  679 words
    • 577 21 is definitely excessive.” Reuters [SEOUL] Put together the world’s most wired country, a fascination with the lives of the young, rich and famous and a penchant for plastic surgery, and what do you have? A problem, some South Koreans say. This affluent Asian country
      is definitely excessive.” – Reuters  -  577 words
    • 390 21 Bloomberg [NEW YORK] The companies investors hated the most in 2011 have returned twice as much as the Standard Poor’s 500 Index this year, burning speculators who bet that stocks from Sears Holdings Corp to Netflix Inc would keep falling. The 26 companies in the
      Bloomberg  -  390 words
    • 635 21 Azumi also asks Beijing to make yuan more flexible Bloomberg [BEIJING] Japanese Finance Minister Jun Azumi said his nation and China will work together to help Europe solve its debt crisis through the International Monetary Fund. Europe needs a bigger so-called firewall
      Bloomberg  -  635 words
    • 394 21 AP [WASHINGTON] US President Barack Obama says the painful restructuring of America’s manufacturing base means a lot of jobs are gone forever, but not that Americans must “settle for a lesser future”. In his weekly radio and Internet address on Saturday, Mr Obama said
      AP; AFP  -  394 words
  • Page 18 Advertisements
    • 45 18 I! m i h n nmi assssa m GET YOUR FEBRUARY ISSUE NOW! WIN 31 SETS OF THEFACESHOP HAMPER WORTH $129.80 EACH MORE DETAILS ON PAGE 209 SUBSCRIBE AT NUYOU.COM.SG AND RECEIVE A JYUNKA ULTRA DEFENSE UV PROTECTION VEIL* WORTH $141 *WHILE STOCKS LAST sPHmagazmes
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  • Page 19 Advertisements
    • 965 19 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
      965 words



  • AVIATION/SHIPPING
    • 915 22  -  Garuda’s LCC will fly 4m passengers this year, 6.5m next year and 15m by 2015 By VEN SREENIVASAN JAKARTA-BASED low-cost carrier (LCC) Citilink will be to Garuda Indonesia what Jetstar is to Qantas but, in Citilink’s case, the market size and potential is about 10
      BLOOMBERG FILE PHOTO  -  915 words
    • 303 22 Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, fell for a third day on Friday as weak cargo business on the capesize and panamax markets battered sentiment. The overall index, which gauges the
      Reuters  -  303 words
    • 263 22 SGX '000 Feb 17 S$ +/-Vol CH Offshore 0.39 0.01 428 Chuan Hup Hldg 0.23 unch 204 Cosco Corp 1.27 0.02 ***** Feb 17 Ezra Hldgs 1.31 0.03 9970 First Ship Lea 0.20 unch 815 Freight Links 0.07 unch 4528 Grand Banks unch unch 0 Jaya Hold Ltd
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    • 593 22 OSG, whose tankers visited Iran, told its bid will be rejected Bloomberg [WASHINGTON] Overseas Shipholding Group, an owner of tankers that have called at Iran’s largest oil terminal over the past year, said it withdrew a bid for a US loan guarantee after
      Bloomberg  -  593 words
    • 569 22 AFP [SINGAPORE] If you have money and want to flaunt it, mansions, limousines, and yachts are no longer enough. For the super rich of Asia, owning a private jet has become the ultimate status symbol. Executive-jet makers aiming to woo Asia’s growing
      AFP  -  569 words
    • 285 22 AFP [LONDON] British arms manufacturer BAE Systems says it holds out hope that India may reverse its decision to negotiate a megacontract for 126 fighter jets exclusively with France’s Dassault Aviation. In a lacklustre earnings statement, BAE said last Thursday that it still
      AFP  -  285 words
  • Page 22 Advertisements
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  • Page 22 Miscellaneous
    • 318 22 CRYPTIC CROSSWORD Across 1 Looks into note enclosing dress (6) 5 Rushes from overnight sleeper boarding ship (8) 9 Vehicles for carrying sandwiches (6-7) 10 Church service finishes surrounded by friends and weapons (8) 11 Relatives going after source of dairy cows (6) 12 The way workers fence a part
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  • DINING OUT
    • 700 23  -  NEW CHEF Equinox Restaurant Swissotel The Stamford 2 Stamford Road Tel: 6837-3322 By Debbie Yong FOR a restaurant that offers distractingly breathtaking views of Singapore’s downtown skyline, getting the food to stand out is often a challenge. Which might explain the extremely conspicuous efforts by
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  • Page 23 Advertisements
    • 254 23 i 0 gnngnrs *5 Hand-Dived Scallop Avocado "Millefeuille", a highlight from the new menu “Tfe fe&cfy (md is Ui/ its siMf&xvtif (Mi freshness. Julien Royer, Chef de Cuisine ARTISANAL CUISINE REDEFINED Experience fine dining at its best. J a a N For reservations, please call 9199 9008 or email reservations@equinoxcomplex.com.
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  • SINGAPORE STOCKS
    • 1318 24 Week ended: Feb 17 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol 112.5 92.5 AIMSAMPIReit 106.5 +5 2583 110 101 106.5 107 1.9 10.8 472.7 Week Last Quote High
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    • 284 25 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Low Company Last 1 0.2 t Advanced System 0.4 -0.2 8533 0.6 0.4 0.4 0.5 13.3 6.6 Vol (’000) Week Last Quote Div Gr
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    • 116 25 Stock name Close Change Stock name Close Change Stock name Close Change CapMallsAsia 1.565 +0.005 CapitaLand 2.890 +0.030 CapitaMall 1.750 -0.005 CityDev 10.980 +0.150 ComfortDelGro 1.505 +0.020 DBS Grp 13.940 +0.240 F&N 6.470 +0.170 GLP 2.080 +0.080 Genting SP 1.685 +0.005 Golden Agri 0.765 HK Land
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    • 2272 25 Transaction date: Feb 17 HONG KONG Vol HK$ +/-'000 Aeon Stores 20.50 unch 0 Angang Steel 5.99 -0.01 ***** Anhui Conch 27.30 0.35 ***** Anhuiexpresswa 4.90 -0.09 726 Asia Satellite 16.72 -0.38 10 Asm Pacific 108.10 -1.70 349 Bank Of E Asia 30.25 -0.25 3027 Beida Jade Bir
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    • 260 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 53.5 32.5 AVJennings A35cd -2.5 9 35 32.5 34.5 38 3.6 10 2.8 91.1 46 25.5 Genting HK US$ US37 +0.5 ***** 38 36 36.5 37 2436.3
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    • 186 25 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 9 1 0 0 0 7 9 1 Manufacturing 103 79 31 15 9 10 118 88 41 Commerce 38 25 14 10 5 1 48 30 15 Tpt/Stor/Comms 25 16 4
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    • 519 25 Lea k MW IM1UM t** 6rr*J rt-o Ml3). l a. P/£ Siail hi.in S3? J 41 P 17 fi OM iff 1 iW r,W4< -i ;s»«t vur: t. ..?Ou i •fSfc n 4PR u i'-m •K -4^ LffS fftJR-i r j.7«r Aiirjc*- vq\ r\yo rtiinr.; ,/i\}. ONH iSH'K>
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    • 125 25 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 141,949 141,949 419,365 419,365 Manufacturing 2,052,213 328,979 2,381,192 1,619,565 4,113 1,623,678 Commerce 1,491,042 103,554 1,594,596 1,108,984 8,098 1,117,082 Tpt/Stor/Comms 974,474 205,796 1,180,270 1,315,482 34,785 1,350,267 Finance 157,518 82 157,600 673,958 13 673,971 Construction 1,080,985 225,311
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  • Page 25 Advertisements
    • 26 25 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. The Business Times
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  • FINANCE & COMMODITIES
    • 373 26 In local curr In S$ In US$ dy yr dy yr dy yr Feb 17 Index Change Change Change Change Change Change World Preliminary 898.9 0.4 8.3 0.0 5.7 0.6 8.9 EAFE Preliminary 741.2 0.9 8.7 0.6 6.4 1.2 9.6 Europe Preliminary 1108.7 0.8 8.0
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    • 77 26 CRUDE OIL PRODUCTS Feb 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 119.58 0.41 WTI (Near Mth) 102.33 0.48 Dubai (1-Mth F) 116.01 0.37 Tapis blend 127.80 1.07 Minas 126.60 1.07 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 113.83 -0.06 Jet Kerosene 131.90 -0.35 US$/barrel Opec Oil
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    • 96 26 As on 17 February 2012 www.smx.com.sg www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METALS GOLD FUT APR2012 1736.70 1729.90 1725.60 3 CURRENCY AUD-USD FUT MAR2012 1.0748 1.0683 1.0687 8 EUR-USD FUT MAR2012 1.3198 1.3117 1.3157 ***** USD-JPY FUT MAR2012 79.16 79.15 79.43 2 BASE
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    • 161 26 Feb 17 SICOM RUBBER Futures (Closing prices) RSS 3(US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 12 393.0 392.0 393.3 67 383 Apr 12 395.0 394.5 396.0 8 111 May 12 400.0 214 Jun 12 405.0 201 Jul 12 405.0 128 Aug 12 404.0
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    • 67 26 Feb 17 Feb 17 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2121.50 2118.00 3 months 2164.00 2160.00 Copper, Grade A(US$/tonne) Cash 8169.00 8286.00 3 months 8175.00 8300.00 Lead(US$/tonne) Cash 2015.00 1985.00 3 months 2045.00 2015.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00
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    • 107 26 Feb 17 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 12 1267.50 1258.25 1273.25 1256.25 May 12 1273.75 1265.00 1279.50 1263.75 Jul 12 1282.00 1273.50 1287.75 1272.00 Aug 12 1278.00 1269.75 1281.75 1275.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 12 53.40
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    • 81 26 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 BQ*****Z 17-May-12
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    • 454 26 Feb 17 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.5350 0 2147 Jun12 99.5050 0 2086 Sep12 99.4650 0 1128 Dec12 99.4300 0 1048 EUROYEN TIBOR FUTURES Mar12 99.6700 231 1664 Jun12 99.6700 0 1429 Sep12 99.6650 17 683 Dec12 99.6600 0 117 Mar13 99.6550
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    • 80 26 Feb 17 COCOA (£/tonne) Close Prev High/Low Mar 12 1494 1537 1516/1488 May 12 1502 1543 1522/1493 Jul 12 1516 1553 1531/1506 Sep 12 1523 1556 1533/1508 COFFEE(US$/tonne) Close Prev High/Low Mar 12 2094 2167 2172/2085 May 12 1994 2039 2049/1985 Jul 12 2007 2050 2058/1999 Sep 12 2026
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    • 518 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 130 33.00 27 Cooo) Conv Ratio Baker Technology Ltd W*****6 6 2.5 148 1 32 12 5.67 9 Price Prem Disc Gearing Expiry Mths Left
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    • 470 26 Feb 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.073 6.781 0.819 8.351 53.016 97.217 0.852 12.117 3.276 1.288 97.766 45.908 1.357 8.347 0.989 31.831 33.179 0.681 1.077 Canada 0.932 6.322
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    • 84 26 Feb 17 Q rfti c 2 6*35 r. «/i n 55 i* Sn* *c c a c -a c c a ■55’ 2 r is s 5 in ■C o X < f c. X b X. E E r i B *e!e 4T1 u r~ 6n r i«»
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    • 138 26 Feb 17 GOLD(US$/oz) Feb 16 Feb 17 Hong Kong 1724.00 1639.30 Feb 17 Feb 17 Feb 16 London 1719.86 1719.21 1720.63 1719.98 Source: Thomson Reuters CAST BAR Feb 17 (S$) Selling Buying Kilobar 75,247 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 169 70 5gm 479 351 10gm
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    • 57 26 Feb 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 12 3191.0 3213.0 3219.0 3183.0 767 5440 Apr 12 3210.0 3231.0 3251.0 3202.0 6254 ***** May 12 3205.0 3242.0 3255.0 3204.0 ***** ***** Jun 12 3203.0 3239.0
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    • 24 26 Feb 17 Open High Sett STI Feb 3000.0 SIMSCI Feb 342.0 346.6 345.0 Taiwan Feb 281.4 285.6 282.7 Source: SGX Derivatives
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    • 154 26 Feb 17 Against S$ 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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    • 22 26 Feb 17 S$ Bid Offer 1-month 1.2597 1.2599 2-months 1.2596 1.2599 3-months 1.2594 1.2597 6-months 1.2580 1.2584 Source: OCBC
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    • 121 26 As at 9am 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 foreign
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    • 155 26 Feb 17 Bid $S Offer Bid 0vernight 0.02 0.01 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.50 0.30 3 months 0.65 0.45 6 months 0.90 0.70 9 months 1.05 0.85
      155 words

  • 4748 27 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 Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE STXPO TBN Antwerp/UK Destination STXPO TBN
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  • Page 27 Advertisements

  • Page 28 Advertisements
    • 147 28 Shipping lines seeking reliable logistics partners Can -they find your services here in -the Shipping Times? ADVERTISI FORWARDER urgently needed by shippers JOE WONG AT 9620 'X FOCUSING ON RESULTS cc All these years, SPH has successfully generated significant results for our advertisements. Through publicity in The Straits Times and
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  • Page 29 Advertisements
  • Page 29 Miscellaneous
  • BizIT
    • 1091 29  -  Its first flagship Windows Phone has a nice design with a curved screen and comes with some good features <cool stuff> VICTORIA HO Reporter CHECK most Windows Phone blogs and forums, and you’ll see the conversation dominated by the Nokia Lumia 800. Nokia’s current Windows
      FILE PHOTO  -  1,091 words
    • 1108 29  -  Singaporean merchants of all sizes will need to adapt <you say> By ELIAS GHANEM The author is the managing director for PayPal South-east Asia and India WITH all the innovation in technology and business, as well as new consumer behaviour, it’s sometimes hard
      1,108 words
    • 501 29 Xinhua [NAIROBI] Kenya is grappling with an increase in mobile phone related crimes as the number of subscribers and users of money transfer services rise in the east African nation. Con men have invaded the sector, targeting mobile phone subscribers and money transfer
      Xinhua  -  501 words
    • 467 30  -  Enterprise business accounts for 50% of its profit in Singapore, reports VICTORIA HO By VICTORIA HO ONSUMER interest in Canon’s photography products has risen rapidly, but the company still relies on its enterprise segment as the mainstay of its income here, according to Kensaku
      467 words
    • <what’s up>
      • 61 30 CANON has launched its PowerShot G1 X camera here. The prosumer compact comes with a 1.5” 14.3 megapixel sensor and the camera’s Digic 5 processing is touted to help suppress image noise. The camera also comes with a 4X optical zoom lens and an aperture range
        61 words
      • 45 30 WESTERN Digital has released its WD Sentinel DX4000 network storage offering (right) for SMEs. It comes with Windows Storage Server 2008 and runs an Intel dual core atom CPU. It comes in 4 TB ($1,499) and 8 TB ($2,199) versions.
        45 words
      • 62 30 HP’s new ultrabook, the Envy14 Spectre (left), is a 13.3” body lightweight laptop with its Beats Audio speaker system. HP claims the 20mm-thick device can hit 9.5 hours of battery life, and weighs less than 1.8 kg. It is powered by Intel Core processors and comes with
        62 words
      • 49 30  -  Compiled by VICTORIA HO SPLUNK has released a new IT security application for customers using its data intelligence suite. The Splunk App for Enterprise Security 2.0 offering will allow users to analyse data and incidents that happen on the network to uncover possible security issues.
        49 words
    • 535 30 Move follows court upholding Shenzhen Proview’s claim it owns the name AP [BEIJING] Authorities have seized iPads from more Chinese retailers in an escalating trademark dispute between Apple Inc and a struggling local company that could disrupt global sales of the popular tablet
      AP; AP FILE PHOTO  -  535 words
    • 325 30 NYT [BEIJING] Foxconn Technology, one of the biggest manufacturers of products for Apple, Dell, Hewlett-Packard and other electronics companies, said on Saturday that it would sharply raise worker salaries at its Chinese factories. Foxconn said that salaries for many workers would immediately jump
      NYT  -  325 words
    • 825 30 AP [CHICAGO] YOUNG people want their music, TV and movies now even if it means they get these things illegally. With such an entrenched attitude, what can be done about widespread online piracy? A recent Columbia University survey found, in fact, that
      AP  -  825 words