The Business Times, 27 February 2012

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 30
1 30 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Monday, February 27, 2012
    25 words
  • 962 1  -  Raising productivity, relying less on foreign labour is non-negotiable By TEH SHI NING [SINGAPORE] Failure is not an option for Singapore’s policymakers in the current push to restructure the economy, economists say. The policy risks an accentuated growth slowdown, higher inflation, possible dislocation of companies
    YEN MENG JIIN  -  962 words
  • 742 1  -  Court asked to rule that its notices were ‘illegal’, ‘irrational’ By JOYCE HOOI [SINGAPORE] In an unusual twist of events, the Land Transport Authority (LTA) has found itself featuring prominently in a legal tussle in which it is neither plaintiff nor defendant. A
    742 words
  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 2,978.08 -22.51 KL COMP 1,558.77 +1.62 NIKKEI 225 9,647.38 +263.21 HANG SENG 21,406.86 -84.76 SET INDEX 1,146.14 +16.21 JAKARTA COMP 3,894.56 -81.98 MANILA COMP 4,893.00 +12.29 SEOUL COMP 2,019.89 -3.58 SHENZHEN B 663.34 +39.90 MUMBAI IND 17,923.57 -365.78 DOW 12,982.95 +33.08 NASDAQ 2,963.75 +11.97 S&P
      57 words
    • 18 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 0.50 TAIWAN 5.036 JAPAN 1.475 KOREA Source: Bloomberg
      18 words
    • 49 1 us$ s$ US$ (S$ per US$) 1.257 (US$/S$ per 1.573 1.978 EURO (US$/S$/E) 1.337 1.682 Foreign currency per US$ S$ YEN 80.60 64.10 RM 3.016 2.399 HK$ 7.755 6.167 BAHT 30.43 24.20 RUPIAH 9,070 7,213 RENMINBI 6.298 5.009 INDIAN RUPEE 49.12 39.06 A$ 0.934 0.743 NZ$ 1.195 0.951
      49 words
  • Page 1 Advertisements
    • 64 1 MEGAUPLOAD SAGA Rise and fall of the Kimpire PAGE 17 PATEK PHILIPPE GENEVE Begin your own tradition. m (El 'S id> Cortina watch Boutiques (Singapore); The Shoppes at Marina Bay Sands Tel: (65) 6688 7008 ION Orchard Tel: (65) 6509 9238 Singapore: Millenia Walk Tel: (65) 6339 1728 Paragon Tel:
      64 words
    • 12 1 VIEWS FROM THE TOP Budget 2012: Tackling key concerns PAGES 10 11
      12 words
    • 8 1 DINING OUT Osvaldo Forlino’s latest venture PAGE 21
      8 words
    • 32 1 BizIT More businesses move to mobile apps PAGE 27 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
      32 words

  • TOP STORIES
    • 596 2 Long hard haul of restructuring FAILURE is not an option for Singapore’s policymakers in the push to restructure the economy, say economists. The policy risks are real. But raising productivity faster and relying less on cheap foreign labour is now non-negotiable if Singapore is to reach a higher
      596 words
    • 692 2 Up to US$2t could be made available, but eurozone needs to step up efforts Reuters [MEXICO CITY] The world’s leading economies were working yesterday to line up a deal in April on a second global rescue package worth nearly US$2 trillion to stop
      Reuters  -  692 words
    • 892 2  -  Fears over Greek default, eurozone subside after bailout WALL STREET INSIGHT By ROB CURRAN THIS week, Iran and the spectre of war will take some of the market spotlight from Greece and the spectre of bankruptcy. Last week, the Standard Poor’s
      BLOOMBERG  -  892 words
    • 629 3  -  Yeap Wai Kong calls it an affront to common sense, sticks to court action By LYNETTE KHOO [SINGAPORE] A former China Sky independent director (ID) has dismissed an apparent Singapore Exchange (SGX) offer to settle his grievance out of court, calling it an affront
      629 words
    • 547 3  -  EDB to get industry players like gencos to participate By RONNIE LIM [SINGAPORE] Singapore is pushing ahead on its plans for a coal gasification plant to provide an alternative, competitive feedstock in synthetic gas a mixture of carbon monoxide (CO) and hydrogen (H2) to
      547 words
    • 426 3  -  Comments follow release of study on problem gambling By LYNN KAN [SINGAPORE] The government is reviewing the Casino Control Act that regulates the two integrated resorts here and hopes to disclose more details in the second half of 2012, said Minister in the
      FILE PHOTO  -  426 words
  • Page 2 Advertisements
    • 224 2 "When our client wanted to assess the impact of new accounting standards on their financial statements, we worked with them to identify the differences between the new standards and their existing accounting policies, and quantify the impact arising from these differences. We also helped our client to review and evaluate
      224 words

  • Page 3 Advertisements
    • 83 3 Credit Suisse v 1 fl I A •I »YJ A vV>«& < W il N *> r vn; y k |S: B A I r > V. > r y l > w r tv v X X K v v-. 1 v fr W’:V. 50 fl f I 4
      83 words

  • COMPANY NEWS
    • 788 4  -  Many taking a wait-and-see attitude as market sentiment continues to be weak By LYNETTE KHOO INITIAL public offerings (IPOs) have trickled to a near standstill so far this year a marked contrast to a year ago when five IPOs, comprising three mainboard and
      788 words
    • 505 4  -  Overall, locals’ market sentiment has dampened: FPI By JASMINE NG SINGAPORE investors are making a dash for cash amid faltering confidence in the current market and its prospects, British financial firm Friends Provident International (FPI) said. According to its quarterly Investor Attitudes report,
      BLOOMBERG  -  505 words
    • 18 4 Branchen Stars R1C-A 20/02/2012 152,92 EUR 1 db X-MACRO Trading Index Fund I4D 15/02/2012 95,22 GBP
      18 words
    • 347 4  -  By LYNN KAN SINO Construction will issue $10.2 million worth of new shares as part of a “post-completion adjustment” of its acquisition of Daqing Sunshine Reli Thermal Co, a company it had launched a takeover of in November 2010. Over 85.3 million
      347 words
    • 217 4 TWO companies A-Sonic Aerospace and China Energy yesterday raised the red flag for expected full-year losses. A-Sonic will be herded into the red this year, due to staff costs increasing US$1.625 million from US$16.9 million for FY2010 ended Dec 31. Losses will also come
      217 words
    • 291 4 Feb 24 BANKS Agricultural Bank Of China 5.5 Agricultural Bank Of China 5.5 Banco Bilbao Vizcaya 6 Arab Bank PIC 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
      291 words
    • 196 4 COMPANY MEETING PLACE DATE TIME Ecowise Hldgs A 17 Kallang Junction #04-03 Singapore *****4 28-Feb 3.30pm Transview Hldgs A Ballroom, Level 3 Singapore Polytechnic Graduates' Guild 1010 Dover Road Singapore *****8 28-Feb 3.00pm Sino Techfibre A No. 3 Toa Payoh Lorong 6, HSR Building #01-05, The First Choice
      196 words
    • 1375 5  -  This follows flurry of earnings announcements this month; however, buying remains flat among directors, reportsROBERT HALILI reportsROBERT INSIDE MARKETS ROBERT HALILI The writer is managing director, Asia Insider Limited THE buying was flat for the third straight week while the selling among directors rose
      1,375 words
  • Page 4 Advertisements
    • 239 4 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
      239 words
    • 46 4 e r i o g V. I v FIND THE ONES r~> -j THAT FIT Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg to advertise r>J V 1 V v > rvJ V WATS z' RECRUIT ri M o i I
      46 words

  • Page 5 Advertisements
    • 119 5 CreditSuisse .1 -T' <S*I •a v >> m f-’! OS a KSS m St* M 5fi»S tC!.' 1 r--Ss« »Wf fe’> B m ■>» «ig ag£i vis EgSsJfcf <* m> ff* ■s* t'5--S3 Ih vi < Seas 'V. ,--r.’ Si y.T At? ><• 3£a > tvi P> ss r-. as
      119 words

  • SINGAPORE MARKETS
    • 657 6  -  STOCKS R SIVANITHY Senior Correspondent AFTER the excitement of the past two months, you’d have to say that markets are due for a consolidation of sorts. Before the start of last week, the Straits Times Index had risen 14 per cent from the start
      657 words
    • 476 6 CURRENCIES Bloomberg [NEW YORK] The euro rose against a majority of its most-traded counterparts last week, as an agreement on a second international bailout for Greece reduced investor concern that the region’s debt crisis will worsen. The 17-nation currency reached a
      Bloomberg  -  476 words
    • 526 6 COMMODITIES AFP [LONDON] Most commodity markets rose last week, boosted by Greece’s second eurozone bailout and extra liquidity from central banks, while oil hit nine-month highs on rising tensions over crude producer Iran. “It could be argued that the Greek bailout has lifted a
      AFP  -  526 words
    • 1662 6 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 11.03 1.42 1.07 Amtek Engg Ltd 2.40 2.60 5 0.08 7.40 0.87 0.74 ARA Asset Mgt Ltd 1.56
      1,662 words
    • 4 6 WEEKLY
      4 words
    • 66 6 Feb 24 VALUE CLOSE BT OB/OS 9.00 +220.0 BT CADI -*****.00 +80.00 BT 10-day MA -*****.00 +1.00 FTSE ST Mid Cap 692.29 +4.34 FTSE ST Small Cap 468.00 +3.54 FTSE ST All Share 722.14 +2.91 FTSE ST China Top 235.11 +2.81 FTSE ST China 261.17 +3.61 FTSE
      66 words
    • 57 6 VOLUME Genting SP 527,296,000 MDR 503,301,000 TopGlobal 401,820,000 Golden Agri 329,572,000 Noble Grp 290,916,000 Oceanus 252,276,000 Yoma 226,763,000 HPH Trust US$ 222,708,000 UniFiber 214,239,000 EzionHldg 205,978,000 VALUE($) Genting SP 863,209,910 Wilmar 753,176,544 Noble Grp 419,954,307 SingTel 335,504,034 DBS Grp 304,745,950 CapitaLand 303,269,134 Golden Agri 253,945,570 Olam 247,280,019
      57 words
    • 114 6 BY CENTS CLOSE UP GLD 10US$ ***** 584.7 2.8 DBXT DBLCI-OY 5US$ 4052 245.2 5.1 DBXT MSAsExJp 10US$ 3320 213.8 5.4 Asia Pac Brew 3300 200.0 6.5 DBXT AUDCS 5AU$ ***** 176.3 0.7 IS S&P500 ***** 145.9 0.9 DBXT DBCBLEB 10US$ 2173 128.3 4.9 DBXT FTVietnam 10US$ 2425 109.4
      114 words
    • 123 6 BY CENTS CLOSE DOWN JMH 4950 -440.1 -6.6 Jardine C&C 4528 -434.0 -8.7 DBXT AUDCS 5SG$ ***** -170.0 -0.6 DBXT MSKorea 10US$ 5779 -128.3 -1.7 JSH 3021 -86.8 -2.2 Wilmar 512 -78.0 -13.2 Wilmar.ES.1202 516 -71.0 -12.1 DBXT S&P Short 10US$ 3800 -51.6 -1.1 DBXT MSINDO 10us$ 1433 -50.3
      123 words
    • 5 6 WEEKLY
      5 words
    • 1617 7  -  TEH HOOI LING Senior Correspondent FROM its recent low in October last year, the Straits Times Index (STI) has rallied by some 13 per cent. Similarly, on Wall Street, the S&P 500 is up 8.6 per cent for the year. It is
      1,617 words


  • SINGAPORE NEWS
    • 730 8  -  Real game-changer will be 4G networks says Amadeus By NISHA RAMCHANDANI THE travel experience of tomorrow will be more about depth of experience rather than breadth, as technology changes how and where we travel, asserts global IT group Amadeus. While smartphones have been increasingly
      REUTERS  -  730 words
    • 245 8 WITH 2,000 more public hospital beds added by 2020, there needs to be an extra 6,400 nurses and 1,800 support healthcare staff, said Minister of State for Health Amy Khor yesterday. To boost their numbers, the health ministry will establish educational institutes
      245 words
    • 804 8  -  Companies should not wait idly for regulators to create an Asean market By BRYAN KOH BUSINESSES in Singapore should embrace Asean by stepping up and taking a leading role in the region, according to Grant Powell, managing director, Management Consulting Innovation Centre
      804 words
    • 1271 8 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 AP Oil Intl aw 0.500 02-Apr 04-Apr 20-Apr 22-Feb ARA Asset Mgt ak 2.700 03-May 07-May 22-May 22-Feb Ascendas Reit ad 0.050 25-Jan 27-Jan 27-Feb 18-Jan Ascendas
      1,271 words
  • Page 8 Advertisements
    • 358 8 HAR9 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Summons No. 453 of 2010/ P In the Matter of the Companies Act (Cap. 50, 2006 Rev. Ed.) And In the Matter of SINO-ENVIRONMENT TECHNOLOGY GROUP LIMITED (UNDER JUDICIAL MANAGEMENT) a company
      358 words
    • 386 8 LOST SHARE CERTIFICATES NOTICE IS HEREBY GIVEN that the undermentioned original share certificates have been reported lost or destroyed Jardine Cycle Carriage Limited (Incorporated in the Republic of Singapore) Company Registration No. *****0092R In Name of Certificate No. No. of Shares Tan Keng Seng *****713 1 X165 City Developments Limited
      386 words

  • Page 9 Advertisements
    • 288 9 Advantage is what you pass on to your loved ones Leaving your loved ones a lasting legacy is a gift they will always treasure. That is why we developed the PRUVantage suite of products. This includes PRUUniversal Vantage Zenith PRUUniversal Vantage Optimum to help plan for your estate, grow and
      288 words

  • VIEWS FROM THE TOP
    • 4241 10 THIS WEEK’S TOPIC Does Budget 2012 address the most important issues facing Singapore and its people? What specific measures do you see as having a particularly significant impact on your industry, and on you personally? Jeffrey Goh CEO Nets BUDGET 2012 was
      AFP, BLOOMBERG, YEN MENG JIIN  -  4,241 words

  • Page 11 Advertisements
    • 41 11 TODAY IN Lianhe Zaobao Tech Istocki on the Securities firms suggest buying on a selective basis To subscribe, call 6388-3838 or go to sphsubscrlption.com.sg Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements MATS CLA/FEB11/g
      41 words
    • 664 11 WATS NOTICES NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATOR NEW WORLD PACKAGING PTE. LTD. (f.k.a GD Emballages Pte. Ltd.) (Co. Reg. No.*****7782E) (In Provisional Liquidation) (Incorporated in the Republic of Singapore) Take notice that Mr. Lim Yeong Seng, CPA, Approved Liquidator of Kong, Lim Partners LLP, 13A Mackenzie Road, Singapore *****6
      664 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1048 12  -  Making companies more ethical is a long and hard process that revolves around organisational culture, reports GRACE SEGRAN reportsGRACE GRACE SEGRAN LAST year (2011) may be remembered as the year of unethical business. While Rupert Murdoch was being eviscerated for running a media conglomerate that hacked into
      REUTERS  -  1,048 words
    • 1053 12  -  Adeline Tan’s LINS Smoodees combines wellness with a strong business model. By EVE YEO STARTING YOUNG By EVE YEO FROM weddings to desserts, education to smoothies, Adeline Tan has dabbled in a good range of businesses. While an onlooker may find little in
      ARTHUR LEE  -  1,053 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
      162 words

  • ECONOMY WATCH
    • 717 13 Govts seeking compromise on reserves banks must hold: sources Bloomberg [BRUSSELS] At least four nations may challenge European Union plans to limit their power to regulate bank capital as governments seek a compromise on implementing global rules on the reserves lenders must
      Bloomberg; AFP  -  717 words
    • 495 13 They reject notion that America should hold that position Reuters [MEXICO CITY] The world’s major emerging economies on Saturday rejected the tradition that an American automatically is selected to head the World Bank and they will look at putting forward their own
      Reuters  -  495 words
  • Page 13 Advertisements
    • 116 13 Finance new opportunities That’s what commercial lenders can do when they’re smart about managing risk. And smart lenders can seed innovative new businesses by working with CME Group, the world’s leading derivatives marketplace. Emerging growth companies and financial institutions around the world come to us to manage virtually every kind
      116 words

  • MALAYSIA
    • 521 14 He is looking to sell the assets for between US$3.2b and US$3.6b [PETALING JAYA] The power assets that billionaire T Ananda Krishnan plans to sell have attracted 12 preliminary international and local bidders, with the final round of bidding expected by the end
      521 words
    • 731 14  -  MALAYSIA INSIGHT PAULINE NG KL Correspondent Malaysia Airlines (MAS) is expected to announce losses of over RM1 billion (S$413 million) this week for the fiscal year ended 2011. It won’t be the first time that it has bled so much red ink or that its balance
      731 words
    • 358 14 AFP [KUANTAN] Thousands rallied yesterday in Malaysia against an Australian miner’s rare earths plant in the biggest protest yet over fears it will produce radioactive waste harmful to them and the environment. Australia’s Lynas has almost completed building the plant near Kuantan
      AFP  -  358 words
    • 1714 14 VOL Feb 24 RM +/-(‘000) A M Realty 0.46 unch 0 VOL Advance Synerg 0.20 -0.01 871 Adventa Bhd 1.58 0.01 23 Ae Multi Hldgs 0.32 unch 180 Affin Holdings 3.07 0.03 227 Ahmad Zaki Res 1.00 0.02 1129 Airasia Bhd 3.61 0.03 4669 Alliance Finan 3.82 unch
      1,714 words
  • Page 14 Advertisements
    • 2055 14 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices QIAN HU CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration Numbed *****124N) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirteenth Annual General Meeting of the Company will be held at No, 71 Jalan Lekar, Singapore *****0 on Thursday,
      2,055 words

  • GREATER CHINA/INDIA
    • 403 15 Govt accuses them of diverting foreign aid to fuel protests AFP [NEW DELHI] India said it had frozen the assets of three non-profit groups it alleges were diverting foreign aid funds to fuel protests against plans to build two atomic power stations. The
      AFP  -  403 words
    • 702 15 Chinese snap up five more chateaux in the past few weeks AFP [BORDEAUX] The world’s largest producer of alcohol from goji berries and an elusive tycoon have become the latest super-rich Chinese to invest in Bordeaux wine estates. Already a prized investment for the
      AFP  -  702 words
    • 773 15 Mining firm puts most units under one outfit with US$20b market cap Reuters [MUMBAI Vedanta Resources plans to simplify its structure by placing all but one of its subsidiaries under the umbrella of a single unit, which will have a market
      Reuters; BLOOMBERG  -  773 words
  • Page 15 Advertisements
    • 1342 15 KSH HOLDINGS LIMITED (Incorporated in the Republic of Singapore on 9 March 2006) (Company Registration Number: *****3337G) (the “Company”) KSH HOLDINGS LIMITED NOTICE OF EXPIRY OF WARRANTS W*****2 TO: ALL HOLDERS OF WARRANTS TO SUBSCRIBE FOR NEW SHARES IN KSH HOLDINGS LIMITED (THE “COMPANY”) THIS NOTICE IS IMPORTANT AND REQUIRES
      1,342 words

  • WORLD
    • 653 16 Second tranche of 3-year, low-interest funds will be launched this week AFP [FRANKFURT] The European Central Bank is preparing to flood eurozone banks with cheap money again on Wednesday in the second of two such operations aimed at preventing a credit
      AFP; REUTERS  -  653 words
    • 250 16 Reuters [LONDON] Prudential, Britain’s biggest insurer, is considering moving its headquarters from London to Hong Kong to escape tough new capital rules for European insurers, The Sunday Times reported. Prudential is concerned a conflict between Europe’s Solvency II regime
      Reuters  -  250 words
    • 73 16 [BUCHAREST] A man wearing a traditional Romanian outfit receiving a kiss from a girl wearing a floral outfit on Friday during celebrations of the Dragobete, the day of lovers. Romanians try to promote the traditional celebration which lost a lot of ground to the better marketed
      AP  -  73 words
    • 374 16 New regulations will affect liquidity and dampen economic growth Bloomberg [MEXICAO CITY] Financial industry officials used the international stage provided by G-20 meetings to highlight their concerns over the impact of new financial regulations, including the global reach of the US’s proposed Volcker rule
      Bloomberg  -  374 words
    • 338 16 Reuters [LONDON] British finance minister George Osborne, under pressure to find ways to boost a stagnant economy, said yesterday that borrowing more money to lift spending or cut taxes was off the agenda for the budget statement he will deliver in March.
      Reuters  -  338 words
    • 583 16 Most bondholders expected to agree to debt writedown Bloomberg [ATHENS] Greece’s government formally asked investors to exchange their holdings of government debt for new securities in the biggest sovereign restructuring in history. “The Ministerial Council of the Hellenic Republic today approved the terms of
      Bloomberg  -  583 words
    • 547 16 Greeks buy directly from supplier on the Internet Reuters [KATERINI, Greece] Struggling to cope with austerity, hundreds of Greeks in the town of Katerini at the foot of Mount Olympus have turned to a cheap way to do groceries: ordering potatoes on
      Reuters  -  547 words
    • 1701 17 Megaupload founder Kim Dotcom’s story is one of breathtaking audacity that spans both the globe and the modern computing era AP ON his way up, he fooled them all: judges, journalists, investors, and companies. Then the man who renamed himself Kim Dotcom finally
      AP  -  1,701 words
    • 558 17 Mobile devices increasingly vulnerable to attacks, warns cybersecurity startup Reuters [BOSTON] Cybersecurity experts have uncovered a flaw in a component of the operating system of Google Inc’s widely used Android smartphone that they say hackers can exploit to gain control of the devices.
      Reuters  -  558 words
    • 688 18 Warren Buffett’s shareholder letters reveal he’s a good sport with lowlights AP [OMAHA, Nebraska] The Oracle of Omaha earned his nickname and more than a few billion dollars by spotting investments that others overlooked, but Warren Buffett makes mistakes. No, really, he
      AP  -  688 words
    • 763 18 Reuters [LONDON] Rupert Murdoch bid to grab back the huge audience his News Corp lost when it closed Britain’s best-selling News of the World over a phone-hack-ing scandal with a new Sunday edition of his Sun tabloid filled with gossip, girls, and
      Reuters; AFP  -  763 words
    • 739 18 Cash hoard jumps to US$37.3b, boosted by rail, energy units Bloomberg [NEW YORK] Warren Buffett, chairman and chief executive officer of Berkshire Hathaway, said he’s “on the prowl” for large acquisitions after record earnings at the company’s railroad and energy units helped build
      Bloomberg  -  739 words
    • 711 18 US considers releasing strategic reserves on rising tension over Iran Reuters [NEW YORK] Saudi Arabia has raised oil exports and the US is considering releasing crude from its strategic reserves as oil prices hit nine-month highs and concerns deepened over
      Reuters  -  711 words
    • 807 19 Balance sheets being restored and share prices seeing good gains this year AFP [PARIS] European banks paid a heavy price for their Greek exposure in 2011 but for some at least the worst of the debt problems appears to be over,
      AFP; REUTERS  -  807 words
    • 637 19 Move seeks to end her row with Kevin Rudd AFP [SYDNEY] Australia’s ruling Labor Party holds a leadership ballot today but whoever comes out on top is unlikely to save the government from an election bloodbath, analysts say. Prime Minister Julia Gillard
      AFP; REUTERS  -  637 words
    • 357 19 Bloomberg [SEOUL] South Korean inflation may accelerate above the government’s target on higher oil prices, just as the nation’s economic growth is about to start improving, Finance Minister Bahk Jae Wan said. While inflation is “likely” to dip this month below the
      Bloomberg  -  357 words
    • 454 19 AFP [BEIJING] Hundreds of Chinese have flooded US President Barack Obama’s Google+ page, apparently taking advantage of a glitch in China’s censorship system to post about human rights and green cards. Google+ the US Internet giant’s social networking site has been unavailable in China
      AFP  -  454 words
    • 614 19 Critics say a large pool of free labour is being exploited AFP [LONDON] Britain’s government has been accused of introducing “slave labour” through a scheme that can see unemployed youngsters lose their benefits if they quit a work experience placement. The
      AFP  -  614 words




  • SHIPPING/AVIATION
    • 822 20 Pressure piles on lenders to cut exposure to meet tougher capital rules Reuters [LONDON] Troubled shipping companies face the threat of seizures of their vessels as banks lose patience with an industry struggling with overcapacity and falling demand, industry players say. Banks have
      Reuters  -  822 words
    • 259 20 SGX '000 Feb 24 S$ +/-Vol CH Offshore 0.38 -0.01 272 Chuan Hup Hldg 0.23 0.01 320 Cosco Corp 1.21 -0.02 ***** s$ Ezra Hldgs 1.26 0.02 4495 First Ship Lea 0.21 0.01 607 Freight Links 0.06 unch 1120 Grand Banks unch unch 0 Jaya Hold Ltd 0.54
      259 words
    • 427 20 Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, jumped on Friday as rates for large capesize vessels rose on increasing iron ore activity. The overall index, a gauge of the cost of shipping
      Reuters  -  427 words
    • 1083 20  -  This will be achieved through capacity management: CEO By VEN SREENIVASAN HAVING come through the worst year in its short history, Tiger Airways is now set for growth and profitability, which will be achieved through careful capacity management, said its chief executive
      1,083 words
    • 215 20 Bloomberg [FRANKFURT] Frankfurt airport’s ground controllers will strike for more than three days starting yesterday evening, resuming industrial action that began in the middle of the month, after contract talks broke down on Friday. The employees, who handle taxiing planes and bring aircraft to their gates
      Bloomberg  -  215 words
  • Page 20 Advertisements
  • Page 20 Miscellaneous
    • 335 20 CRYPTIC CROSSWORD Across 1 Tell of number given to soldiers (7) 5 Shot a couple of legionnaires for rustling (7) 9 Children are moody (5) 10 Uses car with an awful confidence (9) 11 Amends allowance offered to poor padre, with no doubt initially (10) 12 Fish barrel heart of
      335 words

  • DINING OUT
    • 643 21  -  NEW RESTAURANT Amarone 01-08/9/10 Capital Tower 16B Robinson Road Tel: 6423-0464 By Jaime Ee AH, the trials of opening a restaurant with your name on it. Just ask Osvaldo Forlino, who’s had the unusual experience of opening two restaurants named after him which he left, and
      YEN MENG JIIN  -  643 words
    • 753 21  -  NEW RESTAURANT La Maison Fatien Singapour 76 Duxton Road Tel: 6220-3822 By Cheah Ui-Hoon ONE can find many contemporary variations on French cuisine in Singapore today, but the crowd that La Maison Fatien draws on a regular basis signifies that there's always a market
      753 words
  • Page 21 Advertisements
    • 15 21 1 t ft? v>>-f U\ 22RH3IJKMzRl!lOptimus Prime mmm** lifestyle.omy.sg www.omy.sg S»«US«I5 MHMII yzone B&B E
      15 words
    • 464 21 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ASIAFUN PTE. LTD. (f.k.a. 9 Group Pte. Ltd.) (Co. Reg. No.*****4959E) (IN CREDITORS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Chapter 50,
      464 words

  • SINGAPORE STOCKS
    • 1470 22 Week ended: Feb 24 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 ('000) 112.5 92.5 AIMSAMPIReit 107 +0.5 2866 107.5 104.5 106 107 1.9 10.8 474.9 High Low Buyer
      1,470 words
    • 321 23 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 $mil Last 1 0.2 t Advanced System 0.5 +0.1 613 0.5 0.4 0.4 0.5 16.7 8.3 Week Last Quote Div Gr Yld Net M Cap
      321 words
    • 118 23 Stock name Close Change CapMallsAsia 1.565 +0.015 CapitaLand 3.100 +0.090 CapitaMall 1.760 -0.010 CityDev 11.230 +0.070 ComfortDelGro 1.510 -0.015 DBS Grp 14.160 +0.060 F&N 6.600 +0.040 GLP 2.150 +0.010 Genting SP 1.635 +0.020 Golden Agri 0.750 -0.020 Stock name Close Change HK Land 5.720 +0.240 JMH
      118 words
    • 2273 23 Transaction date: Feb 24 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.16 unch 0 Aeon Stores 19.78 -0.12 3 Angang Steel 5.99 0.10 9373 Anhui Conch 27.70 0.30 ***** Anhuiexpresswa 4.98 0.07 1911 Asia Satellite 18.00 unch 0 Asm Pacific 109.40 -0.40 309 Bank Of E Asia 30.25
      2,273 words
    • 264 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 53.5 32.5 AVJennings A35cd unch 74 36 34.5 35 38 3.6 10 2.8 91.1 46 25.5 Genting HK US$ US37 unch ***** 38 36 36.5 37 2436.3
      264 words
    • 186 23 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 7 1 0 0 0 9 7 1 Manufacturing 55 126 33 8 22 6 63 148 39 Commerce 25 39 13 3 10 3 28 49 16 Tpt/Stor/Comms 15 26 4
      186 words
    • 1024 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 109.5 ABF SG Bond ETF 118 +1.4 40 118 117.1 117 118 538.6 1261 856 CIMBAsean40 100US$ US1042 +2 90 1056 1040 1037 1045 41.7
      1,024 words
    • 123 23 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 98,827 98,827 310,700 310,700 Manufacturing 1,719,472 508,924 2,228,396 1,790,212 14,751 1,804,963 Commerce 1,045,839 47,690 1,093,529 1,050,326 3,689 1,054,015 Tpt/Stor/Comms 1,062,486 181,287 1,243,773 1,375,176 31,305 1,406,481 Finance 110,937 1,858 112,795 754,203 421 754,624 Construction 739,510 435,547
      123 words

  • Page 23 Advertisements
    • 26 23 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
      26 words

  • FINANCE & COMMODITIES
    • 373 24 In local curr In S$ In US$ dy yr dy yr dy yr Feb 24 Index Change Change Change Change Change Change World Preliminary 906.3 0.3 9.2 0.5 6.6 0.6 10.1 EAFE Preliminary 748.2 0.4 9.7 0.9 7.9 0.9 11.4 Europe Preliminary 1110.5 0.3 8.2
      373 words
    • 77 24 CRUDE OIL PRODUCTS Feb 23 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 123.48 0.47 WTI (Near Mth) 107.77 2.10 Dubai (1-Mth F) 120.23 1.85 Tapis blend 132.14 3.16 Minas 131.94 3.16 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 117.67 0.11 Jet Kerosene 136.60 1.25 US$/barrel Opec Oil
      77 words
    • 100 24 As on 24 February 2012 www.smx.com.sg www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT APR2012 1784.10 1773.60 1776.30 330 CURRENCY AUD-USD FUT MAR2012 1.0718 1.0673 1.0695 43 EUR-USD FUT MAR2012 1.3469 1.3359 1.3480 6222 BASE METAL COPPER FUT MAR2012 8548 8337 8515
      100 words
    • 170 24 Feb 24 SICOM RUBBER Futures (Closing prices) RSS 3(US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 12 401.0 400.5 400.7 10 308 Apr 12 406.8 104 May 12 413.0 412.5 412.6 7 214 Jun 12 418.5 418.5 418.0 6 201 Jul 12 418.5 418.5
      170 words
    • 65 24 Feb 24 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2287.00 2231.75 3 months 2327.00 2274.00 Copper, Grade A(US$/tonne) Cash 8553.00 8394.75 3 months 8530.50 8390.00 Lead(US$/tonne) Cash 2181.00 2138.00 3 months 2208.00 2165.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      65 words
    • 107 24 Feb 23 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 12 1276.75 1272.25 1280.00 1266.50 May 12 1283.50 1278.75 1286.25 1272.25 Jul 12 1291.25 1286.50 1294.00 1280.50 Aug 12 1285.50 1280.50 1288.00 1275.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 12 54.20
      107 words
    • 78 24 Feb 24 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 24-May-12 0.34 1-Year BY*****W 01-Nov-12 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 99.95 99.98 99.98 5-Year N*****0W 1.125 01-Apr-16 102.63 3-Month 10-Year
      78 words
    • 454 24 Feb 24 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.5200 0 2962 Jun12 99.4850 0 1206 Sep12 99.4500 0 663 Dec12 99.4050 0 1368 EUROYEN TIBOR FUTURES Mar12 99.6650 99.6650 99.6650 99.6650 0 1664 Jun12 99.6725 99.6725 99.6725 99.6650 0 1844 Sep12 99.6625 0 683
      454 words
    • 80 24 Feb 23 COCOA (£/tonne) Close Prev High/Low Mar 12 1510 1571 1578/1494 May 12 1519 1578 1588/1493 Jul 12 1533 1591 1600/1510 Sep 12 1542 1597 1605/1516 COFFEE(US$/tonne) Close Prev High/Low Mar 12 2018 1948 2036/1953 May 12 2018 1950 2033/1949 Jul 12 2001 1960 2016/1960 Sep 12 2012
      80 words
    • 605 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 162 29.00 27 Cooo) Conv Baker Technology Ltd W*****6 5.8 -0.2 78 1 32 16 5.60 9 Exer Price Prem Disc Gearing Expiry Mths Left
      605 words
    • 470 24 Feb 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.069 6.745 0.801 8.305 52.602 97.140 0.863 12.054 3.230 1.280 97.300 45.898 1.347 8.182 0.966 31.677 32.591 0.681 1.071 Canada 0.935 6.309
      470 words
    • 50 24 Feb 24 (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$) 0.***** 3 mths 0.***** 0.***** SWAP Mid rates (S$) 9 mths 0.***** 0.***** SWAP Mid rates (S$)
      50 words
    • 140 24 Feb 24 GOLD(US$/oz) Feb 24 Feb 23 Hong Kong 1783.00 1782.00 Feb 23 Feb 24 Feb 22 London 1777.19 1756.21 1778.41 1756.98 Source: Thomson Reuters CAST BAR Feb 24 (S$) Selling Buying Kilobar 76.638.75 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 172 71 5gm 487 357 10gm
      140 words
    • 57 24 Feb 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 12 3212.0 3225.0 3237.0 3210.0 271 1843 Apr 12 3255.0 3255.0 3266.0 3234.0 1200 ***** May 12 3272.0 3272.0 3281.0 3251.0 ***** ***** Jun 12 3271.0 3270.0
      57 words
    • 24 24 Feb 24 Open High Sett STI Feb 2978.0 SIMSCI Feb 344.5 346 345.3 Taiwan Feb 281.9 283.1 281.9 Source: SGX Derivatives
      24 words
    • 154 24 Feb 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3460 1.3474 1.0705 1.0715 Canadian dollar 1.2595 1.2598 1.0017 1.0018 Euro 1.6815 1.6820 1.3373 1.3376 NZ dollar 1.0517 1.0524 0.8364 0.8369 Sterling pound 1.9776 1.9782 1.5728 1.5731
      154 words
    • 22 24 Feb 24 S$ Bid Offer 1-month 1.2574 1.2575 2-months 1.2573 1.2575 3-months 1.2572 1.2573 6-months 1.2559 1.2563 Source: OCBC
      22 words
    • 121 24 As at 9am Feb 24 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.375 1.31 Can dollar 1.279 1.23 Euro 1.706 1.641 Sterling pound 2.009 1.932 NZ dollar 1.079 1.028 US dollar 1.271 1.223 Local dollars to 100 units of foreign
      121 words
    • 154 24 Feb 24 $S Offer Bid 0vernight 0.01 par 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.02 US$ 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 12
      154 words

  • 4784 25 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 Destination STXPO TBN Camden/New Orleans/Tampico Destination
    4,784 words
  • Page 25 Advertisements

  • Page 26 Advertisements
    • 131 26 Shipping lines seeking reliable logistics partners Can they find your services here in the Shipping Times? urgently needed by shippers Can they -Find your services Here in the Shipping Times? The Business Times Shipping times advertis joi WON AT 9620 1 Announce Your Corporate Developments Come publicise your Corporate Developments,
      131 words

  • BizIT THE USINESS OF INFOCOMM TECHNOLOGY
    • 467 27  -  Symantec poll highlights mobile demand and need for security. By EDWIN LOH TODAY’S mobile applications and devices could be the workstations of businesses of the future as more companies move to embrace mobile device technologies. According to a survey done by security software giant
      REUTERS  -  467 words
    • 888 27 A SPECIAL FEATURE BROUGHT TO YOU BY SCHNEIDER ELECTRIC GROWING hunger on the part of businesses for computing resources is driving the data centre build-out in Singapore, with global IT players positioning their facilities here. Search giant Google started construction on a US$120 million
      STOCK.XCHNG  -  888 words
    • 387 28 Taiwan’s DRAM industry is struggling to keep afloat Reuters [TAIPEI] Taiwanese memory chip maker ProMOS Tech will sell its 12-inch wafer fab to contract chipmaker Global Foundries, industry paper Digitimes said on Friday, at an estimated price of NT$20-30 billion (S$849 million-S$1.2 billion). Without citing
      Reuters  -  387 words
    • 348 28  -  By JOSHUA TAN A TOTAL of 71 awards were given out at the HardwareMAG (HWM) HardwareZone.com Tech Awards on Friday. Thirty-eight companies were honoured by the technology magazine and online portal at an awards ceremony. The awards attracted over 155,000 votes from readers of HWM, as
      348 words
    • 394 29 It will take on the iPad, which has been gaining traction in offices AFP [MENLO PARK, California] Hewlett-Pack-ard will take another shot at Apple’s iPad with the release late this year of a tablet computer geared for work instead of play,
      AFP; BLOOMBERG  -  394 words
    • 252 29  -  By VICTORIA HO [SINGAPORE] A*Star (Agency for Science, Technology and Research) has teamed up with Chinese search giant Baidu to research Asian languages and how to extract data within. The agency’s Institute for Infocomm Research (I2R) arm signed the agreement with Baidu
      252 words
    • 556 29 People managing privacy settings and online reputation more often: survey AP [CHICAGO] Whether it’s pruning friends lists, removing unwanted comments or restricting access to their profiles, Americans are getting more priva-cy-savvy on social networks, a new report found. The report released on Friday by
      AP  -  556 words
    • 891 30 Operators complain that the Web giants are hitching a free ride on the networks in which they are investing billions Reuters [LONDON] CONSUMERS’ increasing love of using services like Facebook and YouTube on their smartphones is leaving many telecoms carriers sidelined while bearing the
      Reuters  -  891 words
    • what’s up
      • 32 30 SONY has launched the Vita, the next-generation upgrade of its handheld PlayStation gaming gadget. The touch-screen device is the next major release from the previous model, the PlayStation Portable.
        32 words
      • 42 30 SONY has also launched its Tablet P device, a clamshell tablet that sports dual screens, allowing it to fold into a smaller size. It runs Android 3.2, and can be upgraded eventually to Android 4.0 Ice Cream Sandwich.
        42 words
      • 34 30 BLACKBERRY’S upgrade to its PlayBook tablet operating system is available for download. Version 2 of its OS brings a number of major upgrades, such as native e-mail, calendaring and contacts apps.
        34 words
      • 52 30 SANDISK has a new solid state drive called the Extreme. The company touts it as having speeds that are 10 times faster than a traditional moving-parts hard disk, and says that its lack of moving parts helps keep it 30 per cent more
        52 words
      • 46 30 FUJIFILM’S interchangeable lens mirrorless camera, the Fujifilm X-Pro1, is coming to Singapore. It features a 16-megapixel sensor and will go on sale from March at retailers. Its body is priced at $2,400 and a basic lens will go for about $1,000.
        46 words
      • 43 30 ONLINE advertising firm Buddy Media has appointed Lena Savitsky as regional account director for the Asia-Pacific region. The company also made Eddie Cliff senior account manager, bringing him over from New York to Singapore for the role.
        43 words
      • 39 30  -  Compiled by VICTORIA HO DAVID Vander is the new general manager for Asia-Pacific at Microsoft Services. The division of Microsoft Corp focuses on professional IT services such as IT architecture design and consulting.
        39 words
  • Page 27 Miscellaneous

  • Page 28 Advertisements
    • 1006 28 Seminar on BUSINESS ANALYTICS 27th March 2012 Singapore Delivered by Analytics Expert Dr. Hardoon Principal of Analytics, SAS Singapore Honorary Senior Research Associate at the Centre for Computational Statistics Machine Learning, University College London Adjunct Assistant Professor at the School of Computing, National University of Singapore Rapidstart also offers 5
      1,006 words

  • Page 29 Advertisements
    • 202 29 m s c M r Cameras are helping people to be heard. A bold solution was initiated for the 23,000 deaf people living in Taipei. Many were turning to an interpreter service when dealing with issues related to healthcare or legal matters. Unfortunately, some would have to wait up to
      202 words

  • Page 30 Advertisements
    • 118 30 can you keep your data secure in the cloud? you can You may feel more secure working in your own, private environment. Many IT professionals feel the same way. But the world is demanding more innovation, greater agility and higher levels of responsiveness. That means cloud. We can help you
      118 words