The Business Times, 29 February 2012

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Microfilm: NL31792
Total Pages: 56
1 24 The Business Times
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  • Title Section
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    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Wednesday, February 29, 2012
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  • Article, Illustration
    Lock icon Still open to funding shoebox units: CIMB
    638 1  -  Bank denies report that it has stopped approving loans for tiny residential units By CONRAD TAN [SINGAPORE] CIMB Bank has denied cutting off financing for buyers of small homes here, after a report suggested that it had stopped approving new mortgages for so-called
    FILE PHOTO  -  638 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      110 1 HST INDEX 2,969.73 (+22.95) HST INDEX FUTURES 2,970 (+23) HSIMSCI 345.06 3.15) HSIMSCI FUTURES 345.10 2.80) US$ S$ US$ (S$ per US$) 1.253 (US$/S$ per 1.586 1.988 EURO (US$/S$/E) 1.344 1.685 Foreign currency per US$ S$ YEN 80.70 64.40 RM 3.010 2.402 HK$ 7.755 6.189 BAHT 30.39 24.25 RUPIAH
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    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.546 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
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  • Article
    Lock icon MPs seek JTC’s help to moderate rising rentals
    894 1  -  They want it to review policy of divesting industrial space to Reits to ease SME woes By TEH SHI NING [SINGAPORE] Members of Parliament from the business community yesterday called for statutory board JTC Corporation to review its policy of divesting industrial
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      67 1 EXEC MONEY Banking on financial intermediaries PAGE 32 PROPERTY Rebound in mass market segment PAGE 2 Who’s who in private banking A 24-page special supplement with your BT today HIGHLIGHTS I Building a sustainable private bank in Asia I Time to take a nibble at Asian assets I In search
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      3 1 8 *****1 *****4
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      160 1 COMPANIES Noble Q4 profit falls 57% to US$105.7m PAGE 5 i HILLTOPS /"V 13 I i f Originality isn't about following a set standard. Rather, it sets the standards that others seek to follow. With this philosophy, we created Hilltops. Set above the pulse of the city, with acres of
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      11 1 TRANSPORT HUB 3 S’porean buyers for $3.6m Pagani supercar PAGE 21
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      542 2 MPs seek JTC’s help to moderate rising rentals MEMBERS of parliament from the business community yesterday called for statutory board JTC Corporation to review its policy of divesting industrial space to real estate investment trusts, one which small and medium enterprises have blamed for a spike in commercial
      542 words
    • Article, Illustration
      Lock icon Property mass-market starts post-ABSD recovery
      853 2  -  NUS SRPI also shows upmarket homes in Central Region are still softening By KALPANA RASHIWALA [SINGAPORE] The massmarket segment has begun to recover from its knee-jerk reaction to the additional buyer’s stamp duty (ABSD) introduced in December, but the upmarket private homes in the Central
      FILE PHOTO  -  853 words
    • Article
      Lock icon CDS market awaits ISDA decision
      624 2  -  Confidence may be dented in event of no insurance payout By NEIL BEHRMANN in London PARTICIPANTS in the US$33 trillion global credit default swap (CDS) market are nervously waiting to see if holders of Greek bonds will be able to claim insurance on their losses.
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    • BUDGET DEBATE
      • Article, Illustration
        Lock icon Call to raise top personal income taxes
        481 4  -  Big earners should fund rising social spending, says MP Denise Phua By ANNA TEO [SINGAPORE] There is scope for Singapore’s personal income tax system to be even more progressive than it already is, so that the big earners fund the country’s rising social
        FILE PHOTO  -  481 words
      • Article, Illustration
        Lock icon Look into each sector’s needs, urges SCCCI chief
        661 4  -  By FELDA CHAY [SINGAPORE] The president of the Singapore Chinese Chamber of Commerce and Industry (SCCCI) yesterday made a plea to the government to take into account the needs of each industry as it tightens its foreign worker policy, and to help
        661 words
      • Article
        Lock icon More can still be done, says WP
        542 4 [SINGAPORE] The 2012 Budget’s shift towards a more inclusive, social slant is roundly welcomed, but more can still be done, Workers’ Party MPs said yesterday. To Chen Show Mao, one of four WP MPs who spoke yesterday, the elderly, the disabled and the
        542 words
    • Article, Illustration
      Lock icon BP weighs US$14b settlement of spill claims
      597 4 Bloomberg [NEW ORLEANS] BP plc and lawyers for businesses and individuals suing over the 2010 Gulf of Mexico oil spill are near a US$14 billion accord to be funded with money set aside for out-of-court settlements, according to three people familiar with the
      Bloomberg; AFP  -  597 words
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      153 3 DESIGNED FOR ONE, TWO, THREE, FOUR, FIVE, SIX OR SEVEN. THE ORLANDO 1.8L PREMIUM MPV 7-SEATER INTEGRATED GPS INFOTAINMENT SYS FOLD-FLAT SEATS $129,999* J SGCARMART S MPV OF 1 THE YEAR 2011 Jr ft 0 9 LA ''m DO fssr V AND ALL THE LUXURY YOU CAN WISH FOR. CHEVROLET
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  • Page 4 Advertisements
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      116 4 STANFORD-NUS EXECUTIVE PROGRAM IN INTERNATIONAL MANAGEMENT 25 AUG 08 SEPT 2012 Real-World Strategies For Global Business. Immerse in the vibrant cultures of two of the world’s most respected academic institutions. The Stanford-NUS Executive Program, held in Singapore since 1982, has been for many, a foundation for assuming greater leadership roles.
      116 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Noble Q4 profit falls 57% to US$105.7m
      529 5  -  Revenue up 15% to US$20b; operating margins down for agriculture, MMO By FELDA CHAY COMMODITIES company Noble Group has posted a 57 per cent fall in fourth-quarter net profit to US$105.7 million from US$247.5 million a year ago, as operating margins from its
      REUTERS  -  529 words
    • Article
      Lock icon Buyer of Asia Pacific Breweries’ China unit kills deal
      586 5  -  This follows a legal summons served by an acquisition target By JOYCE HOOI ANOTHER hiccough has emerged in a beer brewery deal between Asia Pacific Breweries (APB) and China Resources Snow Breweries Ltd (CRSB). Despite obtaining unconditional approval after an anti-monopoly
      586 words
    • Article
      Lock icon Hong Leong Finance profit falls 18%
      403 5  -  By SIOW LI SEN HONG Leong Finance (HLF) posted a net profit of $99.8 million, down 18.2 per cent, for the 2011 full year, due to the low interest rate environment, the group said. The company announced separately yesterday the appointment of former Cabinet
      403 words
    • Article, Illustration
      Lock icon STX PO posts full-year profit of US$47m
      423 5  -  By LYNN KAN STX Pan Ocean surprised the market by pulling off a US$47 million profit in the October-December 2011 period, helped by the strength of the dry-bulk market in the final quarter of the year. Its fourth-quarter profit was nearly seven times
      BLOOMBERG  -  423 words
    • Article
      Lock icon HSBC S’pore FY11 pre-tax profit up 14%
      485 5  -  By EMILYN YAP HSBC Singapore said it captured a larger market share for businesses such as trade finance last year and is still looking to hire some 200 people annually in the medium term, despite ongoing restructuring efforts that have cut some jobs.
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    • Article, Illustration
      Lock icon RMG eyes revenue boost from expansion
      461 7  -  Plans to launch new specialist centre and extend hospital By NISHA RAMCHANDANI RAFFLES Medical Group (RMG) is eyeing a 50 per cent bump in revenue by 2014 from its expansion plans to launch a new specialist medical centre and extend Raffles Hospital. “We are
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    • Article
      Lock icon UE posts 149% jump in profit to $269.5m
      356 7  -  Sales hit record $1.1 b on property revenue recognition By MINDY TAN UNITED Engineers Ltd yesterday posted a net profit of $269.5 million for 2011, a 149 per cent increase over 2010’s restated $108.2 million. Revenue for the 12 months ended December
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    • Article
      Lock icon Scorpio East says it’s helping CAD in probe
      342 7  -  By JAMIE LEE SCORPIO East Holdings said yesterday it is assisting the Commercial Affairs Department (CAD) with investigations about a year after special auditors found “round-tripping” of cash and other irregularities at the group. The company said it was not aware of
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    • Article
      Lock icon Wilmar buys 10.1% stake in Goodman Fielder
      682 8 It pays A$115m for holding and is studying whether to buy more shares Bloomberg Reuters [SYDNEY] Wilmar International Ltd, the world’s largest palm oil trader, bought a 10.1 per cent stake in Goodman Fielder Ltd and is studying whether to buy more shares
      Bloomberg; Reuters  -  682 words
    • Article
      Lock icon KS Energy suffers net loss of $78.8m
      352 8  -  Improvements at start of FY2012 encouraging By RONNIE LIM AMIDST what it described as a “challenging business environment”, oil and gas services provider KS Energy(KSE) reported a net loss of $78.8 million for FY2011, narrowing somewhat the net loss of $98.4 million incurred
      352 words
    • Article
      Lock icon MF Global Singapore no longer an SGX member
      293 8  -  By KENNETH LIM TROUBLED futures brokerage MF Global Singapore is no longer a member of the Singapore Exchange (SGX), the exchange announced yesterday. “This completes the administrative process that remained after all SGX derivatives positions of MF Global’s customers had been transferred
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    • Article
      Lock icon Treasury China Q4 income falls short of its forecast
      388 8  -  By KELLY TAY TREASURY China Trust (TCT) yesterday posted a net property income of $15.9 million for the three months ended Dec 31, 2011, up 31.9 per cent from $12 million a year earlier. In renminbi terms, Q4’s net property income
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    • COMPANY BRIEFS
      • Article
        Lock icon Hyflux served arbitration notice
        82 8 HYFLUX announced that it has been served an arbitration notice by the China International Economic and Trade Arbitration Commission, relating to arbitration commenced by a claimant in which Hyflux’s wholly owned subsidiary Hyflux Advanced Technology holds a 25 per cent stake for certain non-water industrial project
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      • Article
        Lock icon Ho Bee’s Q4 profit falls 46% to $67m
        90 8 PROPERTY developer Ho Bee Group said its profit attributable to shareholders for the fourth quarter ended Dec 31, 2011, fell 46.2 per cent year on year to $67.07 million. This yielded an earnings per share of 9.49 cents compared with 16.94 cents
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      • Article
        Lock icon PLife Reit eyes more acquisitions
        81 8 PARKWAY Life Real Estate Investment Trust (PLife Reit) announced it will be making further acquisitions in Japan and Malaysia to expand its portfolio. The Reit has through its wholly owned subsidiary, Parkway Life Japan4 Pte Ltd, entered into a Tokumei-Kumiai agreement for the acquisition of
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      • Article
        Lock icon Cosco bags contracts for bulk carriers
        47 8 COSCO Corporation (Singapore) Limited said that through its units, it has secured contracts for seven bulk carriers worth more than US$190 million. “The company will make announcements as and when the shipbuilding contracts and/or the option contracts become effective,” said Cosco.
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      • Article
        Lock icon Dapai International in the red in Q4
        75 8 DAPAI International Holdings sank into the red in the fiscal fourth quarter ended Dec 31, 2011, with net losses of 427.03 million yuan (S$85 million), against net profits of 48.6 million yuan a year earlier. Turnover decreased 6.7 per cent year on year
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      • Article
        Lock icon Mewah Q4 profit drops 64.9%
        35 8 MEWAH International Inc reported a 64.9 per cent year-on-year drop in Q4 earnings to US$12.67 million from US$36.05 million. Turnover dipped 4.3 per cent year on year to US$1.01 billion.
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      • Article
        Lock icon Sound Global Q4 earnings dip
        49 8 SOUND Global reported a 1.7 per cent year-on-year fall in earnings to 106.92 million yuan for the fourth quarter ended Dec 31, 2011. Turnover increased 9.2 per cent to 601.08 million yuan. However, gross profit margin slipped to 29.1 per cent in the quarter.
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    • Article, Illustration
      Lock icon MDR to pay maiden dividend, after 9 profitable quarters
      505 8  -  By VEN SREENIVASAN COMPARING the rise of MDR to the proverbial phoenix might be somewhat too hyperbolic. But the mobile phone services specialist’s 9th consecutive quarter of profit and declaration of its first ever dividend payout is nothing short of remarkable
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    • Article, Illustration
      Lock icon World Precision expects even better performance in ’12
      544 8  -  By LYNETTE KHOO WORLD Precision Machinery Co, whose net profit hit a record high of 180 million yuan (S$35.8 million) in 2011, is gunning for stronger earnings and sales this year. Its chief executive, Shao Jian Jun, told BT yesterday that the
      544 words
    • Article
      Lock icon Project cost overruns slash CSE profit by nearly half
      302 8  -  By CARINE LEE CSE Global reported a 47 per cent decrease in earnings to $27.66 million for the year ended Dec 31, 2011. The Singapore-listed technologies group’s performance was weighed down by its telecommunications division, which saw project cost overruns of
      302 words
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      290 5 Enabling Employers Awards 2012 Recognising employers who made a difference Established in 2007, the Enabling Employers Network (EEN) is an alliance of like-minded employers in Singapore who seek to champion and advance employment opportunities for persons with disabilities. The cause of creating employment opportunities for persons with disabilities is a
      290 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI up on US futures, Europe gains
      601 6  -  Index rises 22.95 points to 2,969.73 on relatively low volume, concentrated mainly in penny stocks STOCKS R SIVANITHY Senior Correspondent AFTER dropping 31 points on Monday, the Straits Times Index yesterday rebounded 2 2.95 points to 2,969.73, thanks mainly to expectations of a
      Source: Bloomberg  -  601 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Feb 28 VALUE CLOSE BT OB/OS -192.00 +119.0 BT CADI -*****.00 +76.0 BT 10-day MA -*****.00 -20.00 FTSE ST Mid Cap 688.74 +2.60 FTSE ST Small Cap 463.46 +2.05 FTSE ST All Share 719.53 +4.95 FTSE ST China Top 231.21 +1.33 FTSE ST China 257.18 +0.82 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 3 4 0 0 0 7 3 4 Manufacturing 69 40 35 10 5 8 79 45 43 Commerce 23 17 21 3 3 2 26 20 23 Tpt/Stor/Comms 21 11 9
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    • Article, Illustration
      Lock icon QUICKCHART by Maybank Kim Eng Research
      468 6 Sound Global Tracking well Year-to-date, the stock has risen by 30% to $0.65 from $0.495. At some point, it will need to take a pause from the steep rally. Overall, the trend is positive with the stock well above the moving averages. Immediate support
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,599 16,599 68,714 68,714 Manufacturing 189,069 41,151 230,220 210,408 1,008 211,416 Commerce 137,962 4,314 142,276 203,203 482 203,685 Tpt/Stor/Comms 139,427 22,935 162,362 173,230 3,886 177,116 Finance 17,151 1,096 18,247 123,627 247 123,873 Construction 107,978 14,463
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    • Article, Illustration
      Lock icon Euro near 3-month high against US dollar
      532 6 CURRENCIES Reuters [LONDON] The euro held near a three-month high against the US dollar yesterday ahead of an injection of cheap cash by the European Central Bank that could boost risk appetite and the common currency in the near term. It also advanced
      Reuters; BLOOMBERG  -  532 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 6 Stock name Close Change CapMallsAsia 1.540 -0.005 CapitaLand 3.080 +0.010 CapitaMall 1.770 +0.010 CityDev 11.260 +0.260 ComfortDelGro 1.480 +0.010 DBS Grp 14.170 +0.150 F&N 6.600 +0.110 GLP 2.150 +0.060 Genting SP 1.590 Golden Agri 0.730 -0.020 HK Land 5.600 +0.010 JMH 49.000 +0.630 JSH 29.630 -0.020
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    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME MDR 191,002,000 Golden Agri 118,117,000 Genting SP 83,651,000 IPC Corp 60,753,000 Noble Grp 57,922,000 Infinio 39,721,000 HPH Trust US$ 32,619,000 UniFiber 31,668,000 PSL Hldgs 30,039,000 Oceanus 26,259,000 VALUE($) Genting SP 132,950,000 Golden Agri 85,779,995 Noble Grp 79,534,150 Wilmar 71,895,490 SingTel 63,301,015 JMH 50,724,047 UOB 44,649,100 Keppel
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    • Article
      Lock icon RISES
      101 6 BY CENTS CLOSE UP Jardine C&C 4700 183.0 4.1 IS S&P500 ***** 170.4 1.0 GLD 10US$ ***** 81.4 0.4 JMH 4900 78.9 1.3 DBXT MSJAP 10US$ 3804 43.8 0.9 KepLand.ES.1202 339 35.0 11.5 DBXT MSINDO 10us$ 1445 32.6 1.8 Venture Corp 838 31.0 3.8 CityDev 1126 26.0 2.4 DBXT
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    • Article
      Lock icon FALLS
      128 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -48.9 -0.4 DBXT S&P Short 10US$ 3795 -42.6 -0.9 DBXT AUD Bonds 5AU$ ***** -33.8 -0.1 Total Access 215 -31.3 -10.4 DBS Bk 4.7% NCPS 100 ***** -28.0 -0.3 DBXT FTVietnam 10US$ 2415 -25.1 -0.8 DBXT MSINDIA 10US$ 898 -21.3 -1.9
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      1496 7 Full Year Results 2011 Dear Shareholders The Board of Directors of Noble Group Limited is pleased to present the audited consolidated financial results for the year ended 31 December 2011, together with the corresponding results for the year 2010. Revenue for the year totalled US$80.7 billion, an increase of 42%
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  • ACCOUNTANCY FUTURES: DIVERSITY WORKS
    • Article, Illustration
      Lock icon Boards need push on diversity
      1529 9  -  Drive for women representation on boards has gained traction worldwide, but majority still lack diversity. By LYNETTE KHOO ‘FA C E B O O K I P O i s N o Friend to Women”, read a statement issued by Malli Gero, executive director of
      AP  -  1,529 words
    • Article
      Lock icon Getting the right mix
      363 9 DRIVEN by business demands and to better manage risks, some Singapore-listed companies have actively embraced diversity on their boards. Ho Kwon Ping, executive chairman of Banyan Tree Holdings, says the group actively seeks diversity on its board through a process of evaluation of its businesses. It
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      50 9 GROWTH lt< trainees CC^ d mbe°^ oba W and tne r \gorous J ensure e e i* and eW tor make sU e thev can business- jsa t\on I evetyboOV s ACCW JSSSS 1 FIND OUT MORE ABOUT THE GLOBAL BODY +65 6734 8110 www.facebook.com/ACCA.Singapore FOR PROFESSIONAL ACCOUNTANTS info.sg@accaglobal.com www.accaglobal.com
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  • SINGAPORE NEWS
    • Article
      Lock icon Jobs for logistics sector execs seen staying buoyant this year
      483 10  -  Survey: compliance professionals in especially high demand, short supply By CHUANG PECK MING ONE bright spot in the dimming job market is the supply chain, procurement and logistics sector, which remains positive, according to recruitment firm Robert Walters. Job candidates
      483 words
    • Article, Illustration
      Lock icon Smart cities that improve quality of life
      411 10  -  Entire society must accept and trust in system: forum By JOSHUA TAN SMART cities are not just about having the best technology money can buy or many fashionable projects in the same place. Rather, they are made from a deliberate use of technology
      411 words
    • Article
      Lock icon Employers lauded for hiring handicapped
      268 10  -  By CHUANG PECK MING EMPLOYERS who have done their bit for the handicapped by hiring them as workers will be recognised at the Enabling Employers Awards gala dinner next month. The dinner and awards ceremony is into its second year. President Tony Tan Keng Yam
      268 words
    • Article
      Lock icon ICPAS sets up skills upgradingfund
      190 10 SINGAPORE’S national accountancy body has set up a fund aimed at encouraging its members to upgrade their skills. The Institute of Certified Public Accountants of Singapore (ICPAS) on Monday said the Members’ Development Fund (MDF), will help defray training costs for accountants seeking to enhance
      190 words
    • Article
      Lock icon 3,643 discharged from bankruptcy in last two years
      359 10  -  During same period, 274 placed on Debt Repayment Scheme YESTERDAY IN PARLIAMENT By LEE U-WEN A TOTAL of 3,643 people were discharged from bankruptcy over the last two years. Over that same period, 274 debtors were placed on the government’s Debt Repayment
      359 words
    • IN BRIEF
      • Article
        Lock icon Hougang seat officially vacant
        74 10 THE Hougang seat once occupied by Yaw Shin Leong has been officially declared vacant by Speaker of Parliament Michael Palmer as of Feb 14 the day when Mr Yaw was sacked by the Workers’ Party for his prolonged silence over allegations of extra-marital affairs. Mr Palmer
        74 words
      • Article
        Lock icon About 1,000 renounce citizenship every year
        91 10 AN average of 1,200 Singaporeans renounced their citizenship each year from 2007 to 2011, said Deputy Prime Minister and Home Affairs Minister Teo Chee Hean. Of this average yearly figure, 300 are naturalised citizens. Overall, the renunciation rates for both naturalised citizens and Singapore-born
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      • Article
        Lock icon Extra 51 km of rail network added
        73 10 AN additional 51 km will be added to Singapore’s rail network when the Downtown Line, North-South Line extension and the Tuas West extension are ready, said Minister of State for Transport Josephine Teo. She said that it would take time for rail capacity
        73 words
    • Article, Illustration
      Lock icon ABB to create 150 jobs with new regional hub
      376 10  -  New S’pore hub to complement ABB’s existing ops here By EDWIN LOH POWER and automation technology group ABB will create 150 new jobs in Singapore this year with its new $10 million regional hub. The hub, which will be the company’s
      376 words
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      125 10 Chi-Tannin Tea Polyphenols Compound 100% Natural Health Supplement Maintaining your Sugar Levels, Blood Pressure and Cholesterol in balance, naturally. Benefits in 1: i TEA POLYPHENOLS COMPOUND SB T S ’/K'ILL Maintains healthy blood sugar levels 1 Maintains good blood pressure Maintains healthy levels of cholesterol 1 Maintains cardiovascular 1 Prevents
      125 words
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  • ECONOMY WATCH
    • Article
      Lock icon Era of low-cost borrowing benefits US government
      630 11 Demand is so huge Treasury may issue bonds with negative interest rates NYT [WASHINGTON] These are the best of times for the world’s most ravenous borrower, the United States of America. A combination of unusual and unsustainable forces has pushed the cost of
      NYT  -  630 words
    • Article, Illustration
      Lock icon S Korea posts rare current account deficit in January
      319 11 AFP [SEOUL] South Korea recorded a current account deficit in January for the first time in nearly two years as the eurozone debt crisis and the faltering US economy depressed exports, the central bank said yesterday. The account saw a US$772
      AFP; BLOOMBERG  -  319 words
    • Article, Illustration
      Lock icon Japan may need temporary budget for next year
      451 11 Reuters [TOKYO] Japan’s government could consider a stopgap budget for the next fiscal year to overcome opposition stonewalling in Parliament, a bad omen for the smooth passage of the government’s unpopular plan to double the 5 per cent sales tax. A temporary
      Reuters  -  451 words
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      174 11 Thursday, 29 March 2012, Sands Expo Convention Center BRANDING Singapore Brand Conference A THE 4 PILLARS: HUMAN CAPITAL MANAGEMENT I FINANCE INNOVATION MARKETING I TECHNOLOGY OPERATIONS I Singapore Brand Conference 2012 Programme Highlights Keynote Speaker Mr Colin Low, President CEO Singapore Investment Development Corporation Session 3: Innovation Marketing Session Chairperson:
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  • MALAYSIA
    • Article
      Lock icon M’sia east coast draws RM9b investments
      310 12 The private-sector investments include a college and tourism projects Bloomberg [KUALA LUMPUR] Malaysia has announced RM9 billion (S$3.7 billion) of new private sector-led investments along its east coast, including a college and tourism projects to spur growth in one of the country’s less-developed regions.
      Bloomberg  -  310 words
    • Article, Illustration
      Lock icon Umno Youth chief made chairman of state-linked firm
      712 12  -  By S JAYASANKARAN in Kuala Lumpur ALMOST three years after being excluded from Prime Minister Najib Razak’s first-ever Cabinet, Khairy Jamaluddin has been brought back to government as the chairman of a state-linked firm called Perbadanan Usahawan Nasional Bhd (PUNB). Mr Khairy,
      712 words
    • Article
      Lock icon CIMB Q4 profit up record 30%
      411 12 It is in talks to buy part of RBS’s investment banking and securities business Bloomberg [KUALA LUMPUR] CIMB Group Holdings, Malaysia’s secondbiggest bank, said that fourthquarter profit surged 30 per cent to a record on increased lending as it seeks to grow its Asia-Pacific
      Bloomberg  -  411 words
    • Article
      Lock icon Analysts warm to Star as a defensive stock
      472 12  -  By PAULINE NG in Kuala Lumpur ITS earnings last year might not have surpassed expectations, but Star Publications’ generous dividends and ability to attract advertisers in an Olympic and Euro Cup year make it a good defensive stock in uncertain economic times,
      472 words
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      502 12 Industrial Government Land Sales: Land Parcel at Tai Seng Street Site Information Location Tai Seng Street Site Area 11,789 sqm (Principal Site) 735.8 sqm (Vehicular Bridge Area) 217 sqm (Subterranean Space) Tenure 58 years Gross Plot Ratio 3.5 (B2 2.5, White 1.0) Zoning Business 2 White Available for application starting
      502 words
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      461 12 IN THE MATTER OF THE COMPANIES, CHAPTER 50 AND IN THE MATTER OF Credit Singapore Pte Ltd Company Registration Number *****0136W (IN MEMBER’S VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS [(Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the members of Credit Singapore Pte Ltd deemed to have been duly
      461 words
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      451 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MDS LIFE SCIENCES (SINGAPORE) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****6145D NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 447 March Road Ottawa, Ontario K2K 1X8 Canada on
      451 words
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      289 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF EXABYTE (SINGAPORE) PTE. LTD. (CO. REG. NO. *****1369Z) (CREDITORS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308(1) of the Companies Act, Cap 50, a Final Meeting of the abovenamed
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Power handover will be Beijing’s shock absorber
      648 13 Smooth succession will soften China’s expected adverse economic factors Reuters [BEIJING] The politics of China’s need for a smooth leadership succession this year provide the best protection against a hard economic landing, regardless of stuttering exports, faltering capital flows, local government debts and
      Reuters  -  648 words
    • Article
      Lock icon New bank loans for some China local-govt projects
      251 13 Reuters [BEIJING] China’s banking regulator has allowed banks to make new loans to unfinished local government investment projects to ensure their completion, China Securities Journal reported yesterday. This is the latest step by the authorities to ward off a wave of debt
      Reuters  -  251 words
    • Article
      Lock icon China to ban ‘nasty’ family planning slogans
      319 13 AFP [SHANGHAI] China is ordering local officials to stop using threatening slogans to enforce its strict “one-child” policy, state media has reported. The government wants to ban slogans like: “Kill all your family members if you don’t follow the rule” and “We would
      AFP  -  319 words
    • Article
      Lock icon Trio keen on China iron-ore trading
      230 13 Reuters [BEIJING] The world’s top three iron-ore producers are interested in joining China’s first physical iron ore trading platform, an official from the China Iron and Steel Association (CISA) said yesterday. “The three major miners are in talks with us,” Wang Xiaoqi, vice-chair-man of
      Reuters  -  230 words
    • Article, Illustration
      Lock icon India’s banks, industries hit by trade union strike
      508 13 AP AFP [KOLKATA, India] Shops and banks were closed, factories shuttered and traffic sparse in major cities across India during an industrial strike yesterday called by trade unions against the government. In Kolkata, a traditional trade union stronghold, most bank branches, shops
      AP; AFP  -  508 words
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      172 13 www.itshow.com.sg Join us at #1 LARGEST I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE 8th 11th MARCH 2012 SUNTEC SINGAPORE LEVELS 1, 2, 3, 4 6 12 NOON 9 PM DAILY FREE ADMISSION Guaranteed over S$90,000 CASH to be won in 4 days S$2,000 CASH Win hourly from 1 9
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  • WORLD
    • Article, Illustration
      Lock icon FBI pursuing insider trading cases against 120 people
      514 14 They include hedge fund traders and company insiders, says FBI official AFP Bloomberg Reuters [NEW YORK] US authorities are actively building cases against 120 people accused of insider trading in an expanding and possibly unprecedented criminal probe, the Wall Street Journal reported
      AFP; Bloomberg; Reuters  -  514 words
    • Article
      Lock icon Home prices drop to lowest level since 2003
      476 14 House prices seen continuing to be very weak LATEST US DATA Bloomberg Bloomberg [NEW YORK] US single-fam-ily home prices ended 2011 on a downbeat note as a drop in December prices sent the seasonally-adjust-ed index to its lowest level since 2003, according
      Bloomberg  -  476 words
    • Article
      Lock icon Barclays at centre of tax avoidance clampdown in UK
      563 14 Reuters [LONDON] Barclays plc faces a blow to its reputation more damaging than the financial penalty after it admitted that it was the bank at the centre of a clampdown by Britain on “highly abusive” tax avoidance schemes by banks. The
      Reuters  -  563 words
    • Article, Illustration
      Lock icon Deutsche said to be in talks with Guggenheim
      372 14 Bloomberg [NEW YORK] Deutsche Bank AG is entering exclusive talks with US money manager Guggenheim Partners LLC to sell the German lender’s asset management divisions, said two people with knowledge of the matter yesterday. An announcement on discussions between Deutsche Bank, Europe’s
      Bloomberg; BLOOMBERG  -  372 words
    • Article
      Lock icon Wikileaks sheds light on private intelligence
      557 15 Its publication of Stratfor e-mails shows the firm’s breadth of coverage AFP [WASHINGTON] Wikileaks’ decision to publish five million Stratfor e-mails swings a vast column of light on private intelligence firms, a murky and profitable corner of global business. But the view is less
      AFP  -  557 words
    • Article, Illustration
      Lock icon Okada firm on Philippine casino project
      596 15 He assures he would prove accusations by Wynn as baseless Bloomberg [MANILA] Japanese billionaire Kazuo Okada, accused by Wynn Resorts Ltd of making improper payments to Philippine gambling regulators, said he will “vigorously” pursue his US$2 billion casino project in the country. “I intend
      Bloomberg; BLOOMBERG  -  596 words
    • Article, Illustration
      Lock icon Aussie govt battles to convince voters of economic prospects
      699 16 Economy still going strong but political, global uncertainty weighs on sentiment Reuters [SYDNEY] Australia’s prime minister may have resolved a bitter leadership crisis but the rancour over her government’s performance highlights a deeper sense of dissatisfaction that belies the “Lucky Country’s”
      Reuters  -  699 words
    • Article, Illustration
      Lock icon Samsung Electronics chief in feud over family inheritance
      327 16 AFP [SEOUL] The chairman of South Korea’s Samsung Electronics is being sued by his elder sister as part of a growing feud over the vast family inheritance, her lawyer said yesterday. Lee Sook Hee filed the suit demanding that Lee Kun Hee
      AFP; REUTERS FILE PHOTO  -  327 words
    • Article
      Lock icon Australia releases rules for free carbon permits
      279 16 Reuters [CANBERRA] The Australian government yesterday released rules governing A$8.6 billion (S$11.6 billion) in free carbon permits to polluting industries, a key part of a package of sweeteners needed to win support for a nationwide price on carbon emissions from July. The carbon-pricing
      Reuters  -  279 words
    • Article
      Lock icon Anti-nuclear feelings in Japan still high
      587 16  -  Mishandling of crisis still a sore point as March 11 looms By ANTHONY ROWLEY in Tokyo WITH less than two weeks to go to the anniversary of Japan’s Fukushima nuclear disaster, a series of reports are being released that present a damning indictment of
      587 words
    • Article
      Lock icon Sun paid huge sums to govt officials for info: probe
      784 16 Emails reveal culture of illegal payments at the paper: official NYT [LONDON] The officer leading a police investigation into Rupert Murdoch’s British newspapers said on Monday that reporters and editors at The Sun tabloid had over the years paid hundreds
      NYT  -  784 words
    • Article
      Lock icon US lawmakers to report investment transactions
      519 17 Anyone can view the information online within weeks of the investments AP [WASHINGTON] Congress is about to open a new, real-time window into its members’ stock trades, real estate deals and other financial transactions, allowing anyone to view the information online within weeks of
      AP  -  519 words
    • Article, Illustration
      Lock icon Wealthy people more likely to cheat: study
      1011 17 Greed, unethical behaviour exposed in experiments Bloomberg [NEW YORK] Maybe, as the novelist F Scott Fitzgerald suggested, the rich really are different. They’re more likely to behave badly, according to seven experiments that weighed the ethics of hundreds of people. The “upper class,”
      Bloomberg  -  1,011 words
    • Article
      Lock icon Japan fund lured by AIJ’s high return offer, ‘big name’
      476 17 Bloomberg [TOKYO] A Japanese pension fund said it invested with AIJ Investment Advisors Co, whose business has been suspended by regulators, because it was run by a former Nomura Holdings Inc manager and offered 7 per cent returns. “We believed
      Bloomberg  -  476 words
    • Article
      Lock icon Swiss banks may have to reveal client data
      290 17 Parliament votes today on US demands for info Reuters [BERNE] Switzerland might have to accept an automatic exchange of bank client information with the European Union if its strategy of trying to defend bank secrecy with a withholding tax fails, the head
      Reuters  -  290 words
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      18 14 91.3FM TOUT’S BEST MUSIC SINGAPORE'S HOTTEST HITS YOU PICK THE MUSIC L. C :N REGISTER FOR FREE WWW.RADIQai3.COM/RATETHEHITS
      18 words
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      Lock icon Page 14 Advertisements Column 2
      49 14 i/v/V JACKPOT Estimated Draw on Thu, 1 Mar 2012 at 6.30pm at PoMo For details, visit www.singaporepools.com.sg Ip Yri) Always play with care. [responsibly! Do not bet illegally. RGB Reg No: *****0202G Towards Community Purpose and Benefit SINGAPORE m I Want A CAR st701.com CARS The Leading Online Classifieds
      49 words
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      Lock icon Page 15 Advertisements Column 1
      473 15 nextu Singapore m m /V workforce WUA gsr*’ 1 Supply Chain Innovation -The Need of the Hour WDA Next U® DRIVE Series Supply Chain Innovation The Need of the Hour The economic downturn in 2008 resulted in reduced international trade, and companies felt the financial squeeze worldwide. Manufacturers struggled to
      473 words
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      Lock icon Page 15 Advertisements Column 2
      150 15 A world of new Id products solutions m hKTDC International Id Expo 13-16 April 2012 Hong Kong Convention and Exhibition Centre Prime downtown location Over 570 quality exhibitors from 15 countries and regions Themed zone highlights: Apps Mobile Marketing, Digital Living Multimedia and Smartphone Tablet Held concurrently with "HKTDC Hong
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  • Page 16 Advertisements
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      16 16 www.omy.sg •r. r; I 'Ocn?s *S <1 i m 44 if CEO 19£«3 yzone.omy.sg MOOC&S' ■U
      16 words
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      Lock icon Page 16 Advertisements Column 2
      107 16 Wherever you go, never miss out on the stock market action with ShareInvestor Mobile Download forFREEfrom Apple Apps store for iPhone, iPad users and Android Market for Android users. Get it now. Scan QR Code with your mobile and learn more about our application.* Android iPhone You will need to
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  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      1028 17 WATS NOTICES 1 I IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CHIN HUAT INTERNATIONAL PTE LTD (Members’ Voluntary Liquidation) Co. Reg No. *****2373C FINAL MEETING NOTICE is hereby given pursuant to Section 308 of the Companies Act, Cap. 50 that the Final General
      1,028 words
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  • Transport HUB
    • Article, Illustration
      Lock icon A big, missed opportunity
      1086 18  -  The London conference on Somalia last week failed to produce anything concrete to protect seafarers from pirates STRAIT TALK By DAVID HUGHES IT OUGHT to have been possible this week to report significant progress in efforts to eliminate Somali piracy. Instead, a major international conference on
      AP  -  1,086 words
    • Article
      Lock icon TRANSPORT STOCKS
      255 18 SGX '000 Feb 28 S$ +/-Vol CH Offshore 0.38 unch 681 Chuan Hup Hldg 0.23 -0.01 20 Cosco Corp 1.18 0.03 ***** s$ Ezra Hldgs 1.25 0.05 5315 First Ship Lea 0.21 unch 970 Freight Links 0.06 unch 1830 Grand Banks unch unch 0 Jaya Hold Ltd 0.55
      255 words
    • Article, Illustration
      Lock icon Jack Nicklaus’s yacht to anchor here
      276 18  -  By AMANDA EBER COME April 12, there will be something special docked in Singapore. The elusive Sea Bear, belonging to Golfer of the Century Jack Nicklaus, will be here as part of Boat Asia 2012 at Marina at Keppel Bay. The Sea Bear a
      276 words
    • Article
      Lock icon Tanker rates expected to decline 42% next quarter
      468 18 Plunge largely caused by Japanese oil consumption dip Bloomberg [LONDON] The largest drop in Japanese oil consumption since last year’s earthquake and tsunami may cause tanker rates to plunge 42 per cent next quarter, threatening the biggest rally in shares of shipping
      Bloomberg  -  468 words
    • Article
      Lock icon Baltic index rises further on firm capesize rates
      244 18 Reuters [BANGALORE] The Baltic Exchange’s main seafreight index, which tracks rates to ship dry commodities, rose on Monday for the third straight day as rates for large capesize vessels stayed firm on strength in iron ore activity. The overall index, a gauge
      Reuters  -  244 words
    • Article
      Lock icon Maersk expects fall in Asia-Europe trade
      246 18 Bloomberg [COPENHAGEN] Maersk Line is betting European efforts to escape a recession this year will fail as the world’s biggest shipping company shifts its business away from the debt-plagued region. “We think there will be negative growth in Europe this year and that is
      Bloomberg  -  246 words
    • ASIA PACIFIC MARITIME
      • Article, Illustration
        Lock icon On energy, emissions and piracy
        1447 19  -  Keynote speaker Simon Bennett gives LYNN KAN his views on these topics that vex the shipping industry LYNN KANhis THE Asia Pacific Maritime 2012 conference once again brings together marine and offshore industry experts and professionals to Singapore to trade ideas, establish connections and do
        AFP  -  1,447 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Mallya may sell Kingfisher stake to foreign airlines
        465 20 He may also sell 49% of distiller Whyte Mackay to cut debt, says report Bloomberg [MUMBAI] Indian billionaire Vijay Mallya is in talks with two overseas carriers interested in buying a stake in unprofitable Kingfisher Airlines and may sell part of distiller
        Bloomberg; AFP FILE PHOTO  -  465 words
      • Article, Illustration
        Lock icon Virgin to test-fly suborbital spaceship this year
        439 20 Reuters [PALO ALTO, California] Virgin Galactic, an offshoot of Richard Branson’s Virgin Group, expects to test-fly its first spaceship beyond the Earth’s atmosphere this year, with commercial suborbital passenger service to follow in 2013 or 2014, company officials said on Monday. Nearly 500
        Reuters; AP  -  439 words
      • Article
        Lock icon M’sia Airports may raise Istanbul airport stake: sources
        352 20 Bloomberg [ISTANBUL] Malaysia Airports Holding Bhd may raise its stake in Istanbul’s second-largest airport, according to three people with knowledge of the situation. The companies that operate Sabiha Gokcen International Airport are working with Rothschild to manage a potential sale, said the
        Bloomberg  -  352 words
      • Article
        Lock icon More flight experience proposed for US pilots
        657 20 Bloomberg [WASHINGTON] The US government has proposed increasing the required amount of experience and training for airline pilots to address issues that arose in a fatal crash three years ago. Co-pilots would need close to the same qualifications as captains, with at least
        Bloomberg  -  657 words
      • Article, Illustration
        Lock icon Frankfurt, Lufthansa want court order against strike
        582 20 Reuters Bloomberg [FRANKFURT] Frankfurt airport operator Fraport and airline Lufthansa are seeking an injunction after trade union GdF urged control tower staff to join walkouts by airfield staff at Europe’s third largest airport. “This strike is becoming increasingly out of proportion, which is
        Reuters; Bloomberg; AP  -  582 words
    • TRANSPORT HUB: LAND
      • Article
        Lock icon Singapore road length rises 1.7% in 2011
        530 21  -  Rise was due to handover of roads from other agencies, private developers By SAMUEL EE SINGAPORE’S road lane-kil-ometres increased 151 lane-km last year to 9,046 lane-km, or up 1.7 per cent from 8,895 lane-km as at end 2010, as total road length climbed
        530 words
      • Article, Illustration
        Lock icon 3 S’porean buyers for $3.6m Pagani supercar
        431 21  -  By SAMUEL EE THREE units of the Pagani Huayra will be zooming into garages somewhere in Singapore later this year and the next. The Italian supercar, which starts from $3.6 million for the standard variant, was viewed by several well-heeled Singaporeans last weekend
        431 words
      • Article
        Lock icon India road building hits record as builders pay to work
        681 21 Bloomberg [NEW DELHI] India is awarding expressway construction contracts at a record pace, and saving taxpayers money, as builders stop asking for subsidies and instead offer fees to lay and operate new toll roads. Competition among builders such as GMR
        Bloomberg  -  681 words
      • Article, Illustration
        Lock icon Renault vehicle launch at SingPower event
        443 21  -  Smart Grid, ElectroMobility project to be unveiled By SAMUEL EE WEARNES Automotive is introducing its Renault electric vehicle (EV) models tomorrow at a ceremony where Singapore Power will unveil its Smart Grid and Electro-Mobility project. The Singapore Power project aims to make the republic
        443 words
      • Article
        Lock icon Detroit automakers race to keep up with surging sales
        629 21 AP [DETROIT] Auto sales are growing so fast that Detroit can barely keep up. Three years after the US auto industry nearly collapsed, sales of cars and trucks are surging. Sales could exceed 14 million this year, above last year’s 12.8
        AP  -  629 words
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      388 19 The 12 th edition of Asia Pacific MARITIME Shipbuilding Marine Workboat Offshore Asia Pacific Maritime 2012 14-16 March 2012 www.apmaritime.com Marina Bay Sands (SECC), Level 1 Basement 2, Singapore N THIS IS Join us at the region's premier maritime exhibition showcasing the latest in marine equipment, technologies and services. Incorporating
      388 words
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  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      327 20 CRYPTIC CROSSWORD Across 6 I’m balancer with act going wrong one with the hump repeatedly! (8,5) 8 Female companion of the French Queen knocked over (6) 9 Farm animal being old is in cheap accommodation (8) 10 13 Down Nut too stupid to be dismissed? No! (3,3) 11 Pub wanting
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  • EDITORIAL & OPINION
    • Article
      Lock icon Rising oil prices and falling earnings
      529 22 EDITORIAL SINCE the announcement last week that Greece will be bailed out for the second time in less than a year, the momentum in equity markets has stalled. This is healthy as most markets had jumped by more than 10 per cent in less
      529 words
    • Article, Illustration
      Lock icon India needs to tackle the business of education
      798 22  -  THE BOTTOM LINE YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT IN the rush to maximise gross domestic product (GDP) growth, India’s education system has been relegated to secondary status. But as the two fastest growing large
      798 words
    • Article, Illustration
      Lock icon Asian economies should adopt Asia-centric tack
      1115 22  -  The West’s economic decline is coming at a more rapid rate than was envisaged By SHAHID JAVED BURKI The writer, a former Pakistani finance minister and World Bank vice-president, is visiting senior research fellow at the Institute of South Asian Studies, an autonomous research
      AFP  -  1,115 words
    • Article, Illustration
      Lock icon Why Japan should join TPP
      1540 23  -  Japan needs to establish a more open free trade system and strengthen its relationship with other economies ANTHONY ROWLEY Tokyo Correspondent JAPAN needs to take a long-term view of the prospective gains to be had from membership of the Trans-Pacific Partnership (TPP) instead of “insisting
      BLOOMBERG  -  1,540 words
    • Article, Illustration
      Lock icon Mammon Central – aka Wall Street – confesses to the ills of bonuses
      1001 23  - Mammon Central aka Wall Street confesses to the ills of bonuses By WILLIAM D COHAN The writer a former investment banker and author of ‘Money and Power: How Goldman Sachs Came to Rule the World’ is a Bloomberg Views columnist Bloomberg IMAGINE if you could hear directly, albeit anonymously, from
      Bloomberg  -  1,001 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2987 24 Transaction date: Feb 28 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld 112.5 92.5 AIMSAMPIReit 106.5 +1 338 107.5 106.5 106.5 107 1.9 10.8
      2,987 words
    • Article
      Lock icon SGX CATALIST
      229 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale (’000) High Low Buyer Seller C'vr P/E Smil 26
      229 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7189 25 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited 1.03/ Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD Bond 1.0024/ Asian Smaller Cos!"
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    • Article
      Lock icon GLOBALQUOTE
      191 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 46 25.5 Genting HK US$ US35.5 unch 2084 36 35.5 35.5 36 2337.5 205 168 TanChongInt HK191 unch 495 191 191 187 191 2.9 2.6 13.3 3846.5
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    • Article
      Lock icon SGX ETF
      893 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 1261 856 CIMBAsean40 100US$ US1042 1039 1046 41.7 ***** ***** DBXT AUD Bonds 5AU$ A***** -25 0 ***** ***** ***** ***** 45.6 ***** ***** DBXT AUDCS
      893 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Feb 27 Index Change Change Change Change Change Change World Preliminary 904.9 -0.1 9.0 -0.1 6.4 -0.2 9.8 EAFE Preliminary 745.5 -0.4 9.3 -0.5 7.4 -0.5 10.8 Europe Preliminary 1105.9 -0.4 7.7
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 26 CRUDE OIL PRODUCTS Feb 27 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 124.30 0.23 WTI (Near Mth) 108.38 -1.30 Dubai (1-Mth F) 121.17 0.46 Tapis blend 132.54 0.48 Minas 132.34 0.48 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 118.88 1.10 Jet Kerosene 137.20 -0.55 US$/barrel Opec Oil
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    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      99 26 As on 27 February 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT APR2012 1780.70 1764.20 1775.00 415 CURRENCY AUD-USD FUT MAR2012 1.0654 1.0645 1.0750 5 EUR-USD FUT MAR2012 1.3465 1.3367 1.3400 7425 BASE METAL COPPER FUT MAR2012 8563 8428 8556 5441
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    • Article
      Lock icon SGX FUTURES
      173 26 Feb 28 SICOM RUBBER Futures (Closing prices) RSS 3(US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 12 399.0 398.7 398.5 23 298 Apr 12 400.5 124 May 12 404.2 214 Jun 12 405.1 405.0 408.0 28 201 Jul 12 406.0 406.0 409.0 20 128
      173 words
    • Article
      Lock icon LONDON METALS
      65 26 Feb 27 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2289.25 2287.00 3 months 2331.00 2327.00 Copper, Grade A(US$/tonne) Cash 8555.00 8553.00 3 months 8536.00 8530.00 Lead(US$/tonne) Cash 2219.25 2181.00 3 months 2247.00 2208.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon CHICAGO BOT
      107 26 Feb 27 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 12 1293.75 1276.75 1295.00 1276.50 May 12 1302.50 1283.50 1304.00 1284.00 Jul 12 1310.50 1291.25 1311.75 1293.00 Aug 12 1303.50 1285.50 1304.75 1288.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 12 54.46
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    • Article
      Lock icon GOVERNMENT SECURITIES
      85 26 Feb 28 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 31-May-12 0.34 0.28 0.28 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 99.96 100 99.95 5-Year N*****0Z 2.375 01-Apr-17 108.59
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      443 26 Feb 28 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.5275 0 3217 Jun12 99.5050 0 1119 Sep12 99.4700 0 708 Dec12 99.4350 0 1343 EUROYEN TIBOR FUTURES Mar12 99.6650 0 1915 Jun12 99.6650 0 1849 Sep12 99.6650 0 683 Dec12 99.6650 0 415 Mar13 99.6650
      443 words
    • Article
      Lock icon LIFFE
      80 26 Feb 27 COCOA (£/tonne) Close Prev High/Low Mar 12 1533 1510 1535/1497 May 12 1542 1519 1544/1507 Jul 12 1551 1533 1552/1520 Sep 12 1549 1542 1551/1522 COFFEE(US$/tonne) Close Prev High/Low Mar 12 2001 2018 2065/2000 May 12 2012 2018 2051/2002 Jul 12 1995 2001 2022/1984 Sep 12 2003
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1371 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 162 29.00 27 Baker Technology Ltd W*****6 5.8 1 32 18 5.52 9 Best World Intl Ltd W*****5 2 1 30 68 9.55 17 Biosensors
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 26 Feb 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.073 6.791 0.802 8.357 52.888 97.316 0.869 12.128 3.244 1.282 98.022 46.174 1.350 8.120 0.966 31.864 32.751 0.679 1.078 Canada 0.932 6.330
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    • Article
      Lock icon SIBOR
      55 26 Feb 28 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates (S$) 1 yr 0.*****
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    • Article
      Lock icon PRECIOUS METALS
      139 26 Feb 28 GOLD(US$/oz) Feb 28 Feb 27 Hong Kong 1780.00 1776.30 Feb 27 Feb 27 Feb 24 London 1777.05 1777.19 1777.85 1778.41 Source: Thomson Reuters CAST BAR Feb 28 (S$) Selling Buying Kilobar 76,471.83 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 171 71 5gm 486 356 10gm
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    • Article
      Lock icon PALM OIL
      57 26 Feb 28 Source: Bursa Malaysia KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 12 3240.0 3235.0 3266.0 3238.0 513 2295 Apr 12 3277.0 3264.0 3300.0 3272.0 1326 ***** May 12 3295.0 3283.0 3321.0 3290.0 ***** ***** Jun
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    • Article
      Lock icon STOCK INDEX FUTURES
      21 26 Feb 28 Open High Sett STI Feb 2970.0 SIMSCI Feb 342.3 345.6 345.1 Taiwan Mar Source: SGX Derivatives
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      Lock icon INTERBANK CURRENCY RATES
      154 26 Feb 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3498 1.3509 1.0776 1.0778 Canadian dollar 1.2580 1.2593 1.0043 1.0047 Euro 1.6840 1.6852 1.3444 1.3445 NZ dollar 1.0522 1.0540 0.8400 0.8409 Sterling pound 1.9870 1.9884 1.5863 1.5864
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      22 26 Feb 28 S$ Bid Offer 1-month 1.2526 1.2534 2-months 1.2525 1.2534 3-months 1.2524 1.2532 6-months 1.2512 1.2522 Source: OCBC
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      121 26 As at 9am Feb 28 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.38 1.315 Can dollar 1.28 1.231 Euro 1.713 1.648 Sterling pound 2.023 1.946 NZ dollar 1.083 1.032 US dollar 1.272 1.224 Local dollars to 100 units of foreign
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      154 26 Feb 28 $S Offer Bid 0vernight 0.05 0.02 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.02 US$ 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
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  • Article
    Lock icon The Business Times Shipping Times
    4767 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 UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination Destination STXPO
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      50 27 VISIT The 12 th edition of Asia Pacific MARITIME Shipbuilding Marine Workboat Offshore Asia Pacific Maritime 14-16 March 2012 Marina Bay Sands (SECC), Level 1 Basement 2, Singapore Asia’s Premier Maritime Exhibition Conferences FREE Keynotes Networking Meet over 900 international companies from over 50 countries including 14 Official Pavilions! www.apmaritime.com
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      11 27 To All Shipping Advertisers: Please call Joe Wong at 9620 1327
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      56 28 SpotlightAward Wins Certifications Come publicise your Award Wins Certifications, Ship Christenings Delivery of Newbuilds, Project Completion, Vessel Conversion Refurbishment, Corporate Image, Corporate Developments and Company Anniversary. There’s no better way to anchor your company to new opportunities than with an advertisement in the SPH fleet of newspapers. Call Joe Wong
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      875 29 HIGH IMPACT LEADERSHIP FOR THE 21 ST CENTURY Who should attend: Sales Professionals, Managers, Team Leads, Heads of Division, Heads of Department, Directors and Executives Register at jobs.st701 .com/seminars STJOBS No.l #1 Recruitment site in Singapore FULL-DAY SEMINAR MARCH WORKSHOPS Inspirational Leadership Thursday, 8 Mar 2012, SPH Auditorium (9am to
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      133 30 How to run a business without running out of ideas SME March/April issue out now! ’=1->1" 6 2=!>1+!!( 68?+#16?>;+!0 7!>1" !./>68 5+->6 6! 6 8+;+88+# 6"6>1!? 2>""+# /.5%61>+! IN THIS ISSUE; Asiawide Print Holdings, <+?6>1>1" ?68+1? >1 61 +/.1.5>/ -.:1?=#1 &.>1" "#++1 3 !=!?6>162>8>?4 >1 2=!>1+!! Available at Caltex, Esso,
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  • executive Money
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      Lock icon Banking on financial intermediaries
      706 32  -  UBS sees big growth potential in the Asian market and is ploughing 20% of its revenues into the infrastructure, reports TEH HOOI LING TEH HOOI LING THERE is a substantial market opportunity in the next three to five years for the flourishing of financial intermediaries (FIMs)
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      Lock icon Cash-rich Asians on lookout for opportunities: UBS
      383 32  -  By TEH HOOI LING THE average cash holdings of all of UBS’s international clients currently stands at about 15 per cent, similar to cash levels in 2008 during the financial crisis, said the Swiss bank’s head of Financial Intermediaries Karin Oertli. “That’s a
      383 words
    • EXECUTIVE MONEY
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        Lock icon China property sector finding footing
        1512 29  -  Barclays sees broader economy on track for soft landing, recommends exposure to this theme via Chinese equities By WELLIAN WIRANTO The writer is Asia investment strategist, Barclays Wealth DIEHARD China bears out there often argue that the world’s second-largest economy would suffer a hard landing
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        Lock icon Investment and high IQ scores
        1059 30 People with relatively high IQs tend to have diversified portfolios and favour small-capitalisation stocks, a study finds NYT [NEW YORK] OU don’t have to be a genius to pick good investments. But does having a high IQ score help? The answer, according to a paper
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        Lock icon Growing its Asian footprint
        600 31  -  Credit Agricole remains committed to Asia despite the eurozone crisis and credit ratings downgrade, reports GENEVIEVE CUA reportsGENEVIEVE reportsGENEVIEVE CUA CRISIS in the eurozone and credit rating downgrades of French banks do not seem to have dimmed Credit Agricole Private Banking’s ambitions in Asia. Roland Feser,
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        Lock icon US funds ready to invest in Europe
        517 31 Reuters [LONDON] US fund managers who successfully called the bottom of their home credit market in 2008 are starting to put money back into Europe in a sign of returning confidence in the eurozone. These investors say that distance is making it easier
        Reuters  -  517 words
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      580 32 v vWHO WANTS A GOOSETHAT -.A V- -V r :V f f HM f v< rv tv v: V i i < ;f < r.• V Vr JT y 3. S ,7 r r r v >'.UV 7, 7 3 ,7/ -f| 4f: GLD10U3S Everyone remembers the story of the
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  • Who’s who in private banking
    • Article, Illustration
      Lock icon Growing in an exciting market
      916 1  -  By Siow Li Sen ROWTH continues to be the mantra for Singapore’s private banking industry despite a challenging 2011 and a slowing 2012. That’s because the Asia-Pacific region is still the most exciting wealth management market in the world, says UBS, the world’s largest private
      916 words
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      Lock icon Going on a journey with clients
      1071 2  -  By giving qualitative support when a client is building up his business, a wealth manager maximises his chances of keeping the relationship and the assets for a long time By STEPHANE HONIG The writer is Head of Indian Markets, BNP Paribas Wealth Management WE
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      Lock icon Building a sustainable private bank in Asia
      1004 2  -  By TAN SU SHAN The writer is Group Head of Wealth Management, DBS Bank 2011 has emerged as the year of private banks. With investment banks falling out of favour after the global financial crisis, private banks are now dominating headlines, especially in
      STOCK.XCHNG  -  1,004 words
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      Lock icon A new risk regime takes hold
      1082 3  -  The private banking industry has to adapt its business model to face increased client scrutiny and the changing regulatory environment By CHRISTIAN CAMENZIND The writer is chief operating officer, Private Wealth Management (Asia-Pacific), Deutsche Bank THE face of private banking has altered over the
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      Lock icon Time to take a nibble at Asian assets
      1060 3  -  By KELVIN TAY The writer is Chief Investment Strategist, Singapore, UBS Wealth Management Research SO where do we stand at the start of 2012 after a dismal 2011 for the Asian capital markets? Currently, risk appetite is almost non-existent, with cyclical stocks
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      Lock icon In search of the ‘holy grail’
      820 4  -  Private banking’s big challenge is to build relationships where a client’s best interests are served while maintaining the bank’s profitability By HANSPETER BRUNNER The writer is chief executive officer ofBSIAsia GOOD private bankers worldwide face the challenge of providing clients with long-term advice and
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      Lock icon Putting together an Asian asset portfolio in 2012
      1314 4  -  By NORMAN VILLAMIN The writer is chief investment officer, Asia, Coutts INVESTORS in Asia have traditionally focused on capital gains as a way of driving portfolio returns. Strong equity market rallies between 1990 and 1996 and subsequently between 2004 and 2007 serve
      Source: Bloomberg, MSCI; Source: Bloomberg, MSCI and Coutts & Co; Source: Federal Reserve Bank of St Louis, Bloomberg and Coutts & Co  -  1,314 words
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      Lock icon Sustaining a business family’s total capital
      1342 5  -  A look at how Asia’s families can develop their tangible and intangible assets to benefit themselves and society at large By BERNARD RENNELL The writer is chief executive officer, North Asia, HSBC Private Bank, and chief executive officer of HSBC Private Wealth Solutions ASK
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      Lock icon NRIs and the Paithani sari
      684 5  -  By SRINIVAS SIRIPURAPU The writer is Head of South-east Asia and South Asia, Barclays Wealth THE Paithani sari a hand-woven silk sari is known all over the world for its excellence. Paithani uses the ancient technique of tapestry where multiple threads of different colours along
      684 words
    • Article, Illustration
      Lock icon When change is the only option
      1090 6  -  As regulatory changes trim profits, private banks must adapt in order to survive By RAJESH MALKANI The writer is Head of Private Bank, East, Standard Chartered Bank IT is not the strongest of the species that survives, nor the most intelligent, but the one
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      Lock icon Overweight risk assets in 2012
      640 6  -  By HOU WEY FOOK The writer is chief investment officer, Bank of Singapore INVESTORS deciding how to position their portfolios this year will be somewhat torn between the bearish picture presented by the eurozone debt crisis and the brightening view from the US. So how
      640 words
    • Article
      Lock icon Core portfolios that meet investors’ long-term targets
      291 6  -  By HOU WEY FOOK IN wealth management, we advocate a core-satellite approach. Core portfolios are designed to meet investors’ long-term goals and should be fully invested to capture the risk premiums of investments over a long-term horizon. Satellite investments, however, are opportunistic ideas
      291 words
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      84 1 CONTENTS Going on a journey with clients PAGE 2 Building a sustainable private bank in Asia PAGE 2 A new risk regime takes hold PAGE 3 Time to take a nibble at Asian assets PAGE 3 In search of the ‘holy grail’ PAGE 4 Putting together an Asian asset portfolio
      84 words
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      1124 7 1 Our established client service model and INSEAD certification programme equip our relationship managers with the required skill sets to serve our clients to the level they deserve!* Hugues Delcourt CEO, ABN AMRO Private Banking Asia and Country Executive, ABN AMRO Singapore. Overview of ABN AMRO Worldwide and Asia ABN
      1,124 words
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      903 8 w K J. 1 1V s.;'« ANZ Private Bank in Asia Pacific ANZ Private Bank is uniquely placed with a presence across 5 of Asia's key markets Singapore, Hong Kong, Taiwan, Indonesia and the DAE. Together with multiple offices in Australia and New Zealand, we offer our clients unmatched opportunities
      903 words
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      842 9 -at 1 Focused on delivering solutions with care, passion and excellence Asia as a second home market Since its beginnings in 1890, Bank Julius Baer has firmly established itself as Switzerland's leading private banking group. With over 40 locations worldwide, Julius Baer's Singapore office is the biggest outside of Zurich
      842 words
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      714 10 (IB ecause we share the same values as our customers, embracing the importance of hard work and maintaining good relationships. Bank of Singapore has managed to forge strong partnerships with our clients, based on trust. Renato de Guzman Chief Executive Officer Bank of Singapore We are Asia's global private bank
      714 words
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      1615 11 Barclays Wealth has been investing in people and technology, to deliver exceptional service to clients. We have the right value proposition to meet the complex needs of our private banking clients, as we partner them in their wealth accumulation and preservation journey. Didier von Daeniken Chief Executive Barclays Wealth Asia
      1,615 words
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      723 12 BNP Paribas Wealth Management is Committed to Your Future. BNP Paribas has set its foot in this region for more than 150 years and has a longstanding and loyal clientele. Our wealth management business has served the greatest entrepreneurs and the foremost names that have spanned generations. Asia has always
      723 words
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      901 13 L When BSI's leadership talks about business, the discussion inevitably turns to the values that have underpinned the bank's success since it was founded in Lugano, Switzerland in 1873. And this is a matter that BSI Asia CEO Hanspeter Brunner is most passionate about. BSf; Growing stronger in challenging times
      901 words
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      630 14 Two centuries of banking experience has taught us that clients prefer insights over information and simplicity as the new sophistication when managing their lives and their wealth. We will continue to evolve and innovate with the times so that you get the best of history, experience and progress working for
      630 words
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      728 15 Building lasting relationships and trust with each of our clients is at the heart of the fabled Coutts service. Nick Pollard CEO Coutts Asia 7 An Exceptional Bank for Exceptional Individuals A bank with over 300 years of history, Coutts is one of the early pioneers of private banking, managing
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      1116 16 We believe in building a unique and long lasting relationship that spans generations with every client, based on mutual trust and understanding. Each of our clients benefits from bespoke advice from his or her private banker. In Singapore, our culturally diverse team, with a strong entrepreneurial spirit, is fully committed
      1,116 words
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      979 17 Asia Pacific is the fastest growing private banking market globally. Credit Suisse has been providing wealth management services to clients in Asia for more than 40 years and is firmly committed to investing in its private banking business in this region, for the longer term. Francesco de Ferrari Head of
      979 words
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      865 18 DBS Private Bank we know Asia best WITH ASIA emerging as the fastest wealth-creating region in the world, the growing pool of new rich is flushed with liquidity and looking for yields. But at the same time, economic uncertainties and debt woes in the US and Europe are causing a
      865 words
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      1103 19 Deutsche Bank Private Wealth Management Aligning our passion with our clients Our aim is to be a trusted adviser to our clients by providing excellent financial solutions and service through our committed and dedicated team of people who are recognized for their passion to perform. Ravi Raju Head of Asia
      1,103 words
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      790 20 In the future, a growing family business will need a global network. HSBC has been in Asia for a long time and has a global network of offices. We differentiate ourselves by working with families that specifically need that type of global network and the international connectivity which is our
      790 words
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      999 21 We have all the benefits of a Global Bank with a size that allows us to have the best of both worlds scalability and the agility of a top Private Banking playe^^ Olivier Gougeon Regional Chief Executive Officer Asia Pacific Societe Generale Private Banking Societe Generale Private Banking, the wealth
      999 words
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      1048 22 Standard Chartered Private Bank has strengthened its position in the market. We have benefited from being part of a bank with a strong balance sheet and high liquidity, with sustained good performance. We have longstanding relationships with our clients: they know us and they trust Rajesh Malkani Head of Private
      1,048 words
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      945 23 We stand for long-term thinking, trust and reliability. We have the tools, the people and most importantly, the philosophy, to cater to the needs of high net worth clients. This is aligned with their interests in looking to create and preserve wealth for generations to come. Wilson Aw CFA, Head
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      1139 24 UBS celebrates 150 years of serving the world's most successful and entrepreneurial families With 150 years of experience partnering the world's most successful high net worth individuals and families, UBS provides the global expertise, local knowledge, excellent research advice and first class execution to achieve long term partnerships that last
      1,139 words