The Business Times, 9 January 2013

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

Microfilm: NL32353
Total Pages: 76
1 44 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Wednesday, January 9, 2013
    25 words
  • Article, Illustration
    Lock icon Pay one price and read BT in 4 different ways
    427 1  -  By LEE MEIXIAN FOR just $4 more per month than they pay for The Business Times (BT) print edition, subscribers can now access BT on multiple platforms, including online, smartphones as well as tablets and they can continue receiving their
    427 words
  • Article, Illustration
    Lock icon SGX to report daily short-selling volumes
    687 1  -  Move will alert investors and help pricing efficiency as bourse gets more transparent By KENNETH LIM [SINGAPORE] The Singapore Exchange (SGX) will report daily short sales volumes for every counter beginning in March as it aggressively pursues leadership status in the field of risk
    687 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,205.52 (-12.74) HST INDEX FUTURES 3,205.00 (-13.00) HSIMSCI 361.70 (-1.55) HSIMSCI FUTURES 361.50 (-1.30) US$ S$ US$ (S$ per US$) 1.230 (US$/S$ per 1.609 1.979 EURO (US$/S$/€) 1.311 1.613 Foreign currency per US$ S$ YEN 87.40 71.10 RM 3.043 2.474 HK$ 7.752 6.303 BAHT 30.44 24.75 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,688.91 -5.25 NIKKEI 225 10,508.06 -90.95 HANG SENG 23,111.19 -218.56 SET INDEX 1,417.33 +2.01 JAKARTA COMP 4,397.54 +5.17 MANILA COMP 6,048.90 +3.99 SEOUL COMP 1,997.94 -13.31 SHENZHEN B 752.53 -3.78 MUMBAI IND 19,742.52 +51.10 10.30am EST Change DOW 13,335.18 -49.11 NASDAQ 3,089.44 -9.37
      48 words
    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE 5.38 HONG KONG 6.55 HONG KONG 5.00 INDONESIA 14.225 BRITAIN 5.036 JAPAN 1.475 KOREA 9.33 Source: Source: Bloomberg
      21 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      150 1 EXEC MONEY An auspicious start for investors PAGE 30 PROPERTY Draycott site sets new high in psfppr PAGE 4 SAMSUNG Galaxy phones power Samsung to record US$8.3b profit PAGE 19 TRANSPORT HUB BMW is S’pore’s top brand for 2nd year running PAGE 24 EXPERTS ON WHAT’S IN STORE IN THE
      150 words
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon Olam’s nil-paid rights dive 34.7% as shares slide
      502 2  -  Some attribute big swing to difficulty in pricing complex instrument By R SIVANITHY [SINGAPORE] Olam International’s nil-paid rights (NPR), which traded at a high of 22.5 US cents when they opened on Monday, yesterday plunged to an intraday low of 7 US
      502 words
    • Article
      Lock icon IMF to assess Singapore’s financial stability in April, May
      408 2  -  Last exercise in 2004 led to MAS making several changes By KENNETH LIM [SINGAPORE] Singapore will undergo a financial stability assessment by the International Monetary Fund (IMF) this year, the Monetary Authority of Singapore (MAS) announced yesterday. The assessment, which will
      408 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      558 2 SGX to report daily short selling volumes SINGAPORE Exchange will report daily short sales volumes for every counter beginning in March as it aggressively pursues leadership status in the field of risk management and transparency, the bourse announced yesterday. FRONT PAGE Olam’s nil-paid rights dive 34.7% as shares
      558 words
    • Article
      Lock icon MND to review AIM deal with town councils
      623 4  -  Review to be done ‘in the interest of transparency and maintaining trust in the system’, says PM Lee By CAI HAOXIANG [SINGAPORE] Prime Minister Lee Hsien Loong yesterday weighed in on a controversy surrounding the sale of software used by town councils,
      623 words
    • Article, Illustration
      Lock icon Draycott site sets new unit land price
      676 4  -  Hampton Court is said to have been bought by Swire at $2,526 psf ppr By KALPANA RASHIWALA [SINGAPORE] A new benchmark unit land price higher by a whisker is believed to have been set for residential land here. Based on caveats evidence, Hong
      PHOTO: ARTHUR LEE  -  676 words
    • Article
      Lock icon Fewer COEs seen for cars
      492 4  -  By [SINGAPORE] SAMUEL EE [SINGAPORE] Premiums [SINGAPORE] Premiums for certificates of entitlement (COE) are expected to rise in today’s bidding exercise the first one of the new year as a combination of factors come into play, according to some motor distributors. Among them is that
      492 words
    • Article, Illustration
      Lock icon Another premium year?
      589 4  -  By SAMUEL EE [SINGAPORE] A further reduction in COE is expected this year unless policymakers make adjustments, says Cheah Kim Teck, Jardine Cycle Carriage’s CEO for group motor operations. If this happens, it will be “very difficult” for mass market vehicles. “Except for Toyota, I think all
      589 words
    • Article, Illustration
      Lock icon Najib quashes Internet chatter with a healthy message
      540 4  -  Rumours swirl ahead of imminent general election By in PAULINE NG in Kuala Lumpur MALAYSIA’S Prime Minister Najib Razak spoke eloquently yesterday about the challenge to make Islamic bonds part of the global investment mainstream. But it was his other message that
      540 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      310 2 A < rewards at ore this festive X more Galleria DFS Sin ngap seasoi i y 7 Maybank World MasterCard For those who demand the world It’s time to celebrate, because from 8 to 15 January 2013, your Maybank World MasterCard delivers 20X tr’eats Points 1 for every S$1 spent
      310 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      56 3 fr 00 CM s: N ss vvi N OYSTER PERPETUAL DATEJUST II THE HOURGLASS TAKASHIMAYA S.C., TEL: 6734 2420. TANG PLAZA, TEL: 6235 7198. ION ORCHARD, TEL: 6509 9282. KNIGHTSBRIDGE, TEL: 6884 8484. ORCHARD CENTRAL, TEL: 6337 8309. RAFFLES HOTEL ARCADE, TEL: 6334 3241. MILLENIA WALK, TEL: 6339 4870. ONE
      56 words
Page thumbnail Page 4
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      61 5 h to to to i I I 4 K 4 4 4 P 4 4 4 P. 4 P 4 4 K 4 4 RATES DOWN AS MUCH AS 28%. Now you can experience our reliable service at a lower cost. Open an account for additional benefits. See fedex.com/sg for
      61 words
Page thumbnail Page 6
  • COMPANY NEWS
    • Article, Illustration
      Lock icon Mapletree sinks 3b yuan into Guangdong project
      426 6  -  The business park will benchmark itself to S’pore’s Grade A office features By CAI HAOXIANG TEMASEK-OWNED Mapletree Investments will invest three billion yuan (S$585 million) to develop a business park in China’s Guangdong province. The property giant announced the size of its investment
      426 words
    • Article
      Lock icon Hedge fund Davidson Kempner raises F&N stake to 5%
      354 6 Reuters A US hedge fund giant has placed a bold half-a-billion-dollar bet to profit from a battle between two Asian tycoons for Singapore property and drinks conglomerate Fraser Neave Ltd (F&N). Davidson Kempner Capital Management LLC has bought a good chunk
      Reuters  -  354 words
    • Article
      Lock icon Logistics Hldgs launches IPO for Catalist listing
      439 6  -  By TEO SI JIA CONSTRUCTION company Logistics Holdings is launching an initial public offering (IPO) for a Catalist listing, with a placement of 42.08 million shares at 23 cents apiece. The IPO comprises 31.88 million new shares which are expected to raise net
      439 words
    • Article
      Lock icon Tee Q2 profit falls 33%; firm working on real-estate spin-off
      315 6  -  By JASMINE NG TEE International’s sec-ond-quarter earnings slipped 33 per cent from a year earlier, hit by an increase in income tax expense and lower contribution from associates. Net profit for the three months ended Nov 30 fell to $2.47
      315 words
    • Article
      Lock icon Scorpio ex-executive director calls ‘roundtripping’ allegations baseless
      1016 7  -  Shareholders need to be informed, IDs say in defence of announcement By GRACE LEONG TRIAL proceedings began yesterday on defamation claims brought by Scorpio East Holdings former executive director Hady Hartanto against three independent directors (IDs) over the contents of a Singapore Exchange
      1,016 words
    • COMPANY BRIEFS
      • Article
        Lock icon Yongnam ADRs start trading on OTCQX
        49 7 CIVIL engineer Yongnam Holdings Ltd’s American Depository Receipts (ADRs) started trading yesterday on the OTCQX an over-the-counter market in the United States. Each issued ADR represents a certain number of underlying ordinary shares of the issuer. In Yongnam’s case, the ratio is 1:50.
        49 words
      • Article
        Lock icon Heineken extends APB offer closing date
        95 7 HEINEKEN has extended the closing date of the offer for Asia Pacific Breweries (APB) to Jan 18 from yesterday. Trading in APB will be suspended immediately following the close of the offer. APB had in November last year proposed a dividend payment of 85
        95 words
      • Article
        Lock icon Singapore Shipping buys MYP’s businesses
        27 7 SINGAPORE Shipping Corporation Ltd is buying MYP Ltd’s businesses in agency and terminal operations, and strategic projects and logistics, for $15 million.
        27 words
    • Article, Illustration
      Lock icon Marco Polo Marine associate’s big plans
      636 9  -  IPO proceeds to help BBR become a major Indonesian support vessel operator By LYNN KAN WHEN Marco Polo Marine’s associate company, PT Pelayaran Nasional Bina Buana Raya Tbk (PT BBR), lists on the Indonesia Stock Exchange today, it will set itself on a course
      636 words
    • Article
      Lock icon Singapore ups ante for casino firms with new rules, bigger fines
      646 9 Reuters IN ANY casino, the odds favour the house. Using its house edge, Singapore is seeking to maximise economic profits and minimise social costs with tighter rules and tougher fines for two casino operators, along with new steps to
      Reuters  -  646 words
    • Article
      Lock icon UEL to get more capital from KKR
      360 9  -  KKR to invest US$40m by taking up new shares By CARINE LEE UNITED Envirotech Limited (UEL) said yesterday that global investment firm KKR is investing a further US$40 million in the company through subscription of new shares at 50 cents apiece. New York-listed
      360 words
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      152 6 Wine, LUNAR NEW YEAR FEASTS OF FORTUNE Hilton Singapore 581 Orchard Road Singapore *****3 "J. Vl± 3 A CK Che« > erS BRASSERIE Reunion Dinner Buffet 9 February Featuring Mini Buddha Jump Over The Wall and Stewed Pork Knuckle. Reservations: 6730 3390 facebook.com/hiltonsingapore Vs V V Prosperous Lunar New Year
      152 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      6 7 www.edgefoodtheatre.com PanPacificOrchard,Singapore(LobbyLevel),10ClaymoreRoadSingapore*****0 Tel:+********** Tollfree:**********2 Emailorchard@panpacific.com panpacific.com/orchard
      6 words
Page thumbnail Page 8
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Penny stocks still hogging limelight
      615 8  -  STI falls for a second day as Wall Street comes under pressure over corporate earnings concerns STOCKS R SIVANITHY Senior Correspondent PENNY stocks continued to reign supreme yesterday, though most came under pressure as the Straits Times Index wilted for a second day, this time
      Source: Bloomberg  -  615 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 8 1 0 0 0 8 8 1 Manufacturing 42 88 41 8 11 11 50 99 52 Commerce 20 35 19 6 7 1 26 42 20 Tpt/Stor/Comms 16 18 6
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 31,843 31,843 79,302 79,302 Manufacturing 917,923 349,258 1,267,181 258,775 5,271 264,046 Commerce 1,093,349 44,609 1,137,958 184,339 2,640 186,978 Tpt/Stor/Comms 248,195 16,242 264,437 243,460 5,151 248,611 Finance 133,938 290 134,228 182,182 122 182,304 Construction 738,075 530,542
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 8 Stock name Close Change CapMallsAsia 2.110 +0.030 CapitaLand 3.870 +0.020 CapitaMall 2.120 CityDev 12.510 -0.190 ComfortDelGro 1.830 +0.035 DBS Grp 14.650 -0.150 F&N 9.690 GLP 2.730 -0.040 Genting SP 1.455 -0.005 Golden Agri 0.655 -0.005 HK Land 7.200 +0.070 IHH Healthcare 1.380 -0.010 JMH 64.000 -0.360
      113 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 8 Jan 8 VALUE CLOSE BT OB/OS 1120.00 -61.00 BT CADI -*****.00 -154.00 BT 10-day MA -*****.00 +112.00 FTSE ST Mid Cap 790.52 -1.71 FTSE ST Small Cap 540.78 -0.57 FTSE ST All Share 787.96 -2.76 FTSE ST China Top 220.57 -2.05 FTSE ST China 247.10 -1.51 FTSE
      73 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 8 VOLUME YHM 527,432,000 IPCO Intl 464,322,000 Oceanus 365,475,000 Compact 325,455,000 MDR 219,805,000 GSH Corp 211,847,000 Olam R US$ 161,247,000 Geo Energy 159,856,000 TopGlobal 128,917,000 Transcu Grp 109,268,000 VALUE($) SingTel 108,272,955 Geo Energy 99,424,880 Wilmar 81,914,020 CapitaLand 67,488,440 UOB 55,083,034 AusGroup 53,798,910 DBS Grp 49,161,156 OCBC Bk 47,111,115
      56 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      881 8  -  Compiled by JOYCE HOOI Macquarie International Infrastructure Fund Jan 8 close: $0.625 AMFRASER SECURITIES, Jan 8 Macquarie International Infrastructure Fund (MIIF) concluded its strategic review on Dec 18 with a decision to divest its assets, namely Taiwan Broadband Communications (TBC), Changshu Xinghua Port (CXP), Hua Nan Expressway (HNE)
      Source: Bloomberg  -  881 words
    • Article, Illustration
      Lock icon Dollar and euro drop versus yen, fall seen limited
      540 8 CURRENCIES Re uters [LONDON] The dollar and the euro fell against the yen yesterday as investors took profit on recent gains against the Japanese currency triggered by anticipation of looser monetary policy in Japan. Analysts and traders said that the yen
      Reuters; PHOTO: REUTERS  -  540 words
    • Article
      Lock icon RISES
      109 8 BY CENTS CLOSE UP DBXT iBoxxKR 5US$ ***** 755.0 4.4 DBXT Nifty 10US$ ***** 186.9 1.4 DBXT FTVietnam 10US$ 2468 89.8 3.0 JSH 3740 73.8 1.6 DairyFarm 1172 46.7 3.4 Jardine C&C 4927 32.0 0.7 IS ASIA BND 100S$D 1335 31.0 2.4 Great Eastern 1619 24.0 1.5 IS ASIA
      109 words
    • Article
      Lock icon FALLS
      122 8 BY CENTS CLOSE DOWN DBXT USDIGInfl 5US$ ***** -180.8 -0.5 Lyxor China H 10US$ 1519 -67.6 -3.5 GLD 10US$ ***** -45.5 -0.2 JMH 6400 -44.3 -0.6 UOB.ES.1301 1947 -43.0 -2.2 IS S&P500 ***** -36.9 -0.2 DBXT MSKorea 10US$ 6234 -32.0 -0.4 UOB 1933 -31.0 -1.6 OCBC Bk 5.1%NCPS 100
      122 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      57 9 FM s&fm V An urban resort getaway at Shangri-La Hotel Tune in to Kiss92 now for your Girls' Night Out! Partner: Shangri-La hotel SINGAPORE C kiss92.sg Bfacebook.com/kiss92fm| @kiss92fm DOWNLOAD THE KISS92 MOBILE APR NOW! KISS92 IS PART OF SPH RADIO NETWORK n Available on the iPhone mmmurm U App Store
      57 words
    • Advertisement
      Lock icon Page 9 Advertisements Column 2
      176 9 IW nanyang S\ S TECHNOLOGICAL 'TO UNIVERSITY Nanyang Business School l Wharton University of Pennsylvania Aresty Institute of Executive Education THE NANYANG-WHARTON SENIOR LEADERS PROGRAM A COLLABORATION BETWEEN NANYANG BUSINESS SCHOOL AND THE WHARTON SCHOOL NVtiNNG THE RN 1 Nanyang Business School (NBS) and the Aresty Institute of Education at
      176 words
Page thumbnail Page 10
  • SINGAPORE NEWS
    • Article
      Lock icon Private spaces may incur development charges
      494 10  -  Analyst say more measures targeting HDB resale market could be introduced By MINDY TAN DEVELOPERS may be saddled with additional development charges if private roof terraces and enclosed spaces are included under the gross floor area (GFA), said Lee Lay Keng, associate director of
      494 words
    • Article
      Lock icon Wheelock unit puts in highest bid for Ang Mo Kio site
      590 10  -  By ONG CHOR HAO A WHEELOCK Properties (Singapore) unit, Pinehill Investments, has put in the highest bid of $789.89 per square foot per plot ratio (psf ppr) for a private residential site at Ang Mo Kio Avenue 2. Demand
      590 words
    • Article, Illustration
      Lock icon Halimah Yacob set to be first female Speaker
      576 10  -  By LEE U-WEN VETERAN politician Halimah Yacob is due to become Singapore’s first female Speaker of Parliament after Prime Minister Lee Hsien Loong said he would nominate her to be elected for the post when the House meets next Monday. If elected,
      576 words
    • Article
      Lock icon Sumatran gasfield among Indonesia’s priority projects
      403 10  -  By RONNIE LIM THE Sumpal field in South Sumatra, from which Singapore gas importer Gas Supply Pte Ltd (GSPL) is already getting some of its Indonesian piped gas supplies from, is among a trio of priority projects slated by Indonesia this year to help
      403 words
    • Article
      Lock icon 8 researchers to get $250,000 each from NRF
      292 10  -  By NISHA RAMCHANDANI EIGHT researchers here, out of an original field of more than 40 applicants, will each get $250,000 to prove the feasibility of their innovations and a year to commercialise them. The National Research Foundation (NRF) is awarding them a
      292 words
    • Article, Illustration
      Lock icon Ride for charity at OCBC cycling event
      322 10  -  By ZEINAB YUSUF SAIWALLA OCBC’s annual cycling competition, now in its fifth year, will feature a new ride category this year in collaboration with The Business Times to raise funds and create awareness for selected charities. Titled the Business Times Charity Challenge, the
      PHOTO: LIANHE ZAOBAO  -  322 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon JTC sells two industrial plots in Tuas
        126 10 JTC Corporation said yesterday that it had awarded two industrial plots in Tuas South Street 8 to the respective top bidders for the sites. It awarded Plot 8, which has a land area of 32,675 sq ft, to TM Transport Contractor Pte Ltd,
        126 words
      • Article
        Lock icon Trial of ex-SCDF chief postponed to February
        50 10 THE trial of former Singapore Civil Defence Force (SCDF) chief Peter Lim has been postponed to Feb 18-21. He was charged with having sex with three female IT executives, whose companies were seeking to win tenders with SCDF, in exchange for business favours.
        50 words
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      161 10 CONCORD ENERGY PTE LTD, a locally-based international commodity trading company, is seeking to hire Senior Oil Trading Operations Executive Applications are sought for the position of Senior Oil Trading Operations Executive based in Singapore. The successful applicant will be a member of the Crude Oil operations team. Essential Skills and
      161 words
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      441 11 NOEL rv* c f*. r x CP I >i 3( y *3 >T^ > '.--V 1 r fe AS kji' ’x' -t. :x < lu Thank You For Believing In Us! “Out of 11 worthy contenders, Noel had emerged the Overall Winner of SPBA Heritage Brands 2012” Having won the
      441 words
Page thumbnail Page 12
  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Bumi agrees to Feb vote on Nat Rothschild’s plan
      604 12 The plot thickens as shareholders vote on a plan to oust 12 of the 14 directors Reuters [LONDON] Coal miner Bumi Plc will offer bruised shareholders a “clear choice” on its future next month, the group said on Monday, as it
      Reuters; PHOTO: REUTERS  -  604 words
    • Article
      Lock icon RM18b job awards may prompt building re-rate
      653 12 Largest chunk of RM5.2b sunk into West Coast highway The Star Monday [PETALING JAYA] A re-rat-ing of the construction sector may be on the cards as domestic job awards worth RM18 billion are expected to materialise in the second quarter, according to The
      The Star Monday  -  653 words
    • Article
      Lock icon Malaysia funds KL subway with first exchange bonds
      326 12 Bloomberg [KUALA LUMPUR] Malaysia, Southeast Asia’s biggest local-currency bond market, will let retail investors fund Kuala Lumpur’s new subway as it starts marketing its first ex-change-traded notes to individuals. DanaInfra Nasional Bhd, the state-owned company that’s financing the rail network, is kicking
      Bloomberg  -  326 words
    • Article
      Lock icon Indonesia misses 2012 budget deficit target
      344 12 Bloomberg [JAKARTA] Indonesia missed its 2012 budget deficit target amid low-er-than-expected government spending, capping the growth of South-east Asia’s biggest economy. The 2012 budget deficit was 1.77 per cent of gross domestic product, below the target of 2.23 per cent of GDP, Finance Minister
      Bloomberg  -  344 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      47 12 Frustrated with having to into trains and buses during peak hours? Find more than;10,000 used passenger and commercial car listings on STCars.SG! w n STCARS.sg A product of Singapore s Most Trusted Media Group Buy, sell or rent. At STCars.sg, your ideal car isn’t hard to find
      47 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 2
      18 12 The Finder Singapore The Essential Expat Magazine FREE DOWNLOAD Available On The App Store JANUARY ISSUE OUT NOW!
      18 words
    • Advertisement
      Lock icon Page 12 Advertisements Column 3
      30 12 KISS92P All the great songs in one place k)S592 CATCH THE NISSAN KISS 92 KISS MOBILE TUNE IN TO KISS 92 TO FIND OUT WHERE WE’LL BE! k1ss92.sg facebook.com/kiss92fm Q@kiss92fm
      30 words
Page thumbnail Page 13
  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China can grow 8% over next 20 years: economist
      568 13 But it needs to cut support for state firms and unshackle banks Bloomberg [NEW YORK] China’s economy has the potential to grow 8 per cent annually over the next 20 years should the nation reduce support for state companies and unshackle
      Bloomberg; PHOTO: AFP  -  568 words
    • Article
      Lock icon Rupee to rise by at least 10% this year: top forecaster
      432 13 Bloomberg [MUMBAI] India’s rupee will rise by at least 10 per cent in 2013, its biggest gain in six years, as central bank interest-rate cuts spur growth in Asia’s third-larg-est economy, according to the most-accurate forecaster. The currency will
      Bloomberg  -  432 words
    • Article
      Lock icon China’s tax revenue growth likely to slow
      421 13  -  This follows govt plan to reform tax system this year By JEFF PAO EJ Insight [HONG KONG] China’s tax revenue growth is expected to slow to 8 per cent in 2013, compared with the 9.8 per cent rise seen in the first 11
      EJ Insight  -  421 words
    • Article
      Lock icon China encouraging dividend payouts to attract investors
      270 13 Bloomberg [SHANGHAI] Chinese companies trading on the Shanghai Stock Exchange will be encouraged to pay at least 30 per cent of their annual profits to shareholders as the bourse seeks to lure more investors to equities. Companies that fail to do so will
      Bloomberg  -  270 words
    • Article, Illustration
      Lock icon China Dec exports to rebound but recovery seen weak
      423 13 Reuters [BEIJING] China’s export growth probably rebounded from three-month lows in December, although the recovery is likely to remain shallow due to weak demand in the United States and Europe, the country’s two biggest customers. The median forecast of 25 economists
      Reuters; PHOTO: AFP  -  423 words
    • Article
      Lock icon India to levy 20% import tax on some China steel products
      235 13 Bloomberg [MUMBAI] India, the world’s third-largest steel consumer, imposed a 20 per cent tax on imports of some varieties of the alloy from China to protect local producers. The duty on hot-rolled flat products of stainless steel will last
      Bloomberg  -  235 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      902 13 m WATS NOTICES In the Matter of The Companies Act, Cap 50 And In the Matter of STORE-IT! PTE LTD (In Creditors’ Voluntary Liquidation) (CO. REG. NO. *****0845K) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap 50, the Final Meeting
      902 words
Page thumbnail Page 14
  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Australia’s trade gap widens more than forecast
      457 14 Stronger imports of transport equipment outpace higher exports of iron ore in November Bloomberg [SYDNEY] Australia’s trade deficit widened more than economists forecast in November as stronger imports of transport equipment outpaced higher exports of iron ore in an economy driven by mining
      Bloomberg; PHOTO:REUTERS  -  457 words
    • Article
      Lock icon Immigration enforcement cost Washington US$18b last year: study
      809 14 It beat spending on all other major federal law enforcement agencies combined NYT [NEW YORK] The Obama administration spent nearly US$18 billion on immigration enforcement last year significantly more than its spending on all the other major federal law enforcement agencies combined,
      NYT  -  809 words
    • Article, Illustration
      Lock icon Japan will buy Europe bonds to soothe crisis: Aso
      485 14 Purchases seen helping to stabilise the yen also AFP [TOKYO] Japan’s new finance minister said yesterday that Tokyo would buy bonds issued by Europe’s permanent bailout fund to help soothe the eurozone’s debt problems and stabilise the yen. Taro Aso told
      AFP  -  485 words
    • Article
      Lock icon Pakistan may go to IMF as rupee plunges, reserves fall
      484 14 Bloomberg [ISLAMABAD] Pakistan may require an International Monetary Fund bailout after a tumble in foreign reserves and a plunge in its currency to a record low, as a struggling economy saps support for the government before elections. The rupee has
      Bloomberg  -  484 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      7 14 www.omy.sg X t M fflOISn 401*1? cny.omy.sg
      7 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 2
      183 14 I GOOD CLASS BUNGALOW FOR SAlil CALDECOTT CLUNY ENG NEO AVE EWART PK FORD AVE GARLICK AVE JEN KG CHANTEK OLD HOLLAND PEIRCE THIRD AVE ***** sf. Face nature reserve, quiet private. Nice land. $2I.8M *****/ 9000 sf. 3 min walk to Botanies Gdn ***** sf. Beautiful tropical house. *****
      183 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      4026 15 MARCO POLO MARINE LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****0073Z) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Seventh Annual General Meeting of the Company will be held at Sapphire 1, Orchid Lodge Level II, Orchid Country Club, 1 Orchid Club Road, Singapore
      4,026 words
Page thumbnail Page 16
  • WORLD
    • Article, Illustration
      Lock icon Australia bushfires rage in ‘catastrophic’ conditions
      601 16 NSW state faces one of the highest-risk fire days in history, warn authorities AFP [SYDNEY] Bushfires raged across Australia’s most populous state yesterday, fanned by intense heat and high winds in “catastrophic” conditions which have forced hasty evacuations and are threatening homes. Authorities warned
      AFP; PHOTO: AFP  -  601 words
    • Article, Illustration
      Lock icon Merck mulling Bausch & Lomb purchase
      484 16 Merck mulling Bausch Lomb purchase Bloomberg [NEW YORK] Merck Co chief executive officer Kenneth Frazier said the drugmaker may be interested in buying Bausch Lomb, the eye-care company for sale by Warburg Pincus LLC for at least US$10 billion. “It’s something that’s worth thinking about, that’s the most I can
      Bloomberg  -  484 words
    • Article
      Lock icon Abu Dhabi awards contract for Louvre branch
      385 16 Reuters [ABU DHABI] Abu Dhabi has awarded a US$653 million contract to build a branch of France’s Louvre museum, signalling the oil-rich emirate is again moving ahead with flamboyant development projects after a pause prompted by the global economic crisis. Arabtec Holdings, a
      Reuters  -  385 words
    • Article
      Lock icon SEC probes E&Y over audit client lobbying
      595 16 US rules bar auditors from serving in an ‘advocacy role’ Reuters [NEW YORK] The US Securities and Exchange Commission (SEC) is investigating whether auditing company Ernst Young violated auditor rules by letting its lobbying unit perform work for several major audit clients, people
      Reuters  -  595 words
    • Article, Illustration
      Lock icon Disney may lay off staff as it mulls cost cuts
      867 16 Reuters [LOS ANGELES] Walt Disney Co started an internal cost-cutting review several weeks ago that may include layoffs at its studio and other units, three people told Reuters, in an early sign big companies may not be finished tightening their
      Reuters; PHOTO: REUTERS  -  867 words
    • Article
      Lock icon Basel rule still in play despite reprieve
      909 17 Heavy lobbying has bought banks four extra years to comply with new liquidity rule by 2019 Reuters [WASHINGTON] Banks have won a victory in their battle to dilute tough rules on liquidity, but they will still have to find trillions of dollars to
      Reuters  -  909 words
    • Article, Illustration
      Lock icon Deal helps BofA put aside a painful mortgage chapter
      915 17 WP [WASHINGTON] A pair of settlements announced on Monday will bring Bank of America closer to eliminating its mountain of liabilities stemming from the housing crisis, at a time when the behemoth bank continues to retreat from the mortgage market. Bank
      WP; PHOTO: AFP  -  915 words
    • Article, Illustration
      Lock icon Chuck Hagel draws fire as Obama’s Pentagon pick
      559 17 AFP [WASHINGTON] US President Barack Obama named Chuck Hagel on Monday to lead the Pentagon, setting up an ugly confirmation battle as Republican opponents said he was too hard on Israel and too soft on Iran. Mr Obama’s choice of John Brennan
      AFP; PHOTO: AFP  -  559 words
    • Article
      Lock icon US banks to pay US$8.5b in mortgage settlement
      703 17 AP [WASHINGTON] Hundreds of thousands of Americans stand to benefit from the latest mortgage-abuse settlement, but consumer advocates say US banks may be getting the best of the deal. Banks have agreed to pay US$8.5 billion to settle charges that they wrongfully
      AP  -  703 words
    • Article, Illustration
      Lock icon Google’s Android OS leaps to rice cookers, refrigerators
      835 18 Manufacturers vie to dominate market for gadgets controlled through Internet Bloomberg [SAN FRANCISCO] Google Inc’s Android software, the most widely used smartphone operating system, is making the leap to rice cookers and refrigerators as manufacturers vie to dominate the market for gadgets
      – Bloomberg; PHOTO: BLOOMBERG  -  835 words
    • Article
      Lock icon Russian rouble’s rally last year likely to continue
      756 18 HSBC strategist sees unit gaining 1.9% over next 3 months Bloomberg [LONDON] The most accurate rouble forecaster is betting the currency’s rally last year, the best among the four major emerging nations, will carry into 2013 as the government opens up Russia’s
      Bloomberg  -  756 words
    • Article
      Lock icon LDP diplomacy will be more stable: veteran
      480 18  -  By in ANTHONY ROWLEY in Tokyo SOUTH-EAST Asian countries can expect more stable diplomacy from Japan’s new government than that experienced in recent years, a leading foreign affairs expert said yesterday on the eve of a visit by Foreign Minister Fumio Kishida to
      480 words
    • Article, Illustration
      Lock icon Mobility is the theme at electronics show
      405 18 AFP [LAS VEGAS] Qualcomm chief Paul Jacobs was on Monday officially crowned the star of the mobile-cen-tric tech industry, offering a glimpse of the power of new devices to transform people’s lives. But as Mr Jacobs delivered the main keynote for the 2013
      AFP; PHOTO: BLOOMBERG  -  405 words
    • Article
      Lock icon Sony, BMG to jointly bid for EMI’s music assets
      378 18 NYT [NEW YORK] Sony and BMG, onetime partners in one of the music world’s biggest mergers, are teaming up again on a bid to buy and then divide between themselves some of the recorded music assets of EMI, according to two
      NYT  -  378 words
    • Article, Illustration
      Lock icon Samsung eyes record quarterly US$8.3b profit
      756 19 Galaxy smartphones, increasing demand for flat screens drive up earnings Reuters [SEOUL] Samsung Electronics the world leader in mobiles and memory chips said that it likely earned a quarterly profit of US$8.3 billion as it sold close to 500 handsets a minute and as
      Reuters; PHOTO: AP  -  756 words
    • Article
      Lock icon Good investor response for eurozone bond sales
      438 19 Reuters [LONDON] Investors yesterday snapped up a wave of new eurozone sovereign bonds from across the credit spectrum, including Ireland’s latest step back into long-term debt issuance. German bond prices were marginally higher on the day, stabilising after a steep selloff last week
      Reuters  -  438 words
    • Article, Illustration
      Lock icon Thailand to help firms after rise in minimum wage
      402 19 Reuters [BANGKOK] Thailand outlined steps yesterday to help companies cope with a big increase in the minimum wage, which industry and some economists fear will push up inflation and cause a wave of job cuts and business closures. The daily minimum
      Reuters  -  402 words
    • Article
      Lock icon UK store closings set to double this year
      680 19 Bloomberg [LONDON] Britain’s shrinking shopping streets are poised to become smaller still, thinning out what have long been Europe’s densest retail districts. With UK consumers spending more online and making fewer trips to the high street, the number of store closings is
      Bloomberg  -  680 words
    • Article
      Lock icon Unemployment across eurozone continues to rise
      395 19 Number of jobless people in region hits 18.8m in Nov AP [BRUSSELS] Unemployment in the 17 European Union (EU) countries that use the euro rose to 11.8 per cent in November, as the number of jobless people in the region rose to 18.8 million,
      AP  -  395 words
    • Article
      Lock icon US healthcare spending slows for 3rd straight year
      454 19 Bloomberg [WASHINGTON] Healthcare spending in the US grew at less than half the pre-recession level for the third straight year, as employers shifted more costs to strapped workers and state governments limited payouts for the poor. Spending on hospital visits, medications and
      Bloomberg  -  454 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      100 17 NOTICES LOST SHARE CERTIFICATE Notice is hereby given that the following share certificates have been reported lost:QAF LIMITED (Incorporated in the Republic of Singapore) WBL CORPORATION LIMITED (Incorporated in the Republic of Singapore) THE STRAITS TRADING COMPANY LIMITED (Incorporated in the Republic of Singapore) Notice is hereby given that new
      100 words
Page thumbnail Page 18
Page thumbnail Page 19
Page thumbnail Page 20
  • EDITORIAL & OPINION
    • Article
      Lock icon Cold comfort from new liquidity rules
      449 20 EDITORIAL BANKS have won concessions from global regulators when it comes to meeting new liquidity rules, but the victory may provide cold comfort. A long winter may be in store for the financial industry as tighter supervision across the board and listless economies threaten
      449 words
    • Article, Illustration
      Lock icon Democracy vs autocracy: choice not so stark after all
      778 20  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 CHINA, whose stellar developmental record over the last three decades has astonished the world, has been modest, even prudish, in pushing its
      778 words
    • Article, Illustration
      Lock icon Lobbyists could be out the door in India
      1015 20  -  The Indian govt should put in place a statutory structure for regulating lobbying firms By NEETA LAL The writer is a New Delhi-based senior journalist HE recent disclosure by global retail giant Walmart that it has spent US$25 million since 2008 on
      PHOTO: AFP  -  1,015 words
    • Article, Illustration
      Lock icon A matter of auditor independence
      1462 21  -  A look at how major SGX-listed companies disclose audit and non-audit fees paid to external auditors By MAK YUEN TEEN The writer is an associate professor of accounting at the NUS Business School, where he teaches corporate governance and ethics IN SEPTEMBER 2011, the Singapore
      BT FILE PHOTO  -  1,462 words
    • Article, Illustration
      Lock icon Now to the debt ceiling talks and spending cuts
      743 21  -  By PHILIP POOLE Philip Poole is global head of macro and investment strategy, HSBC Global Asset Management AFTER almost slipping over the edge, US legislators have finally reached an agreement which significantly reduces the drag on US growth in 2013 from
      PHOTO: REUTERS  -  743 words
    • Article
      Lock icon Insurance industry shares blame for low term insurance coverage
      386 21 LETTER TO THE EDITOR I REFER to the article, “Insurance protection gap here narrows” (BT, Jan 3 2013). The article claims that Singaporeans are under-insured and need more term life insurance. It is based on a study commissioned by the Life
      386 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      103 21 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words
Page thumbnail Page 22
  • Transport HUB
    • Article
      Lock icon Adjusting to a new reality
      855 22  -  For survival, securing long-term employment for vessels and keeping costs to a minimum must become key strategies STRAIT TALK By DAVID HUGHES LAST week, I reported some cautious optimism abroad in the shipping community. As usual at this time of year, several organisations have been
      855 words
    • Article, Illustration
      Lock icon Exxon offshore project helps hedge pricing
      655 22 Bloomberg [CALGARY] Exxon Mobil Corp’s plans to develop a US$14 billion underwater oil field off Newfoundland’s coast allows the world’s biggest energy company to hedge against discounted crude from Canada’s oil sands. “The better pricing is definitely an issue,” Brian Youngberg, an analyst at
      Bloomberg; PHOTO: BLOOMBERG  -  655 words
    • Article
      Lock icon Transatlantic clean tanker rates hit 12-mth high
      366 22 Re uters [LONDON] Clean tanker rates for refined petroleum products on top export routes were mostly lower on Monday although buoyant demand helped send transatlantic rates to their highest in a year. Rates for medium-range (MR) tankers for 37,000 tonne cargoes from Rotterdam
      Reuters  -  366 words
    • Article
      Lock icon Grounded Shell rig off Alaska reaches shelter
      544 22 The effort to move the ship involved over 730 people AP [ANCHORAGE] A giant floating drill rig that ran aground a week ago on a remote Alaska island arrived as planned on Monday in the shelter of a Kodiak Island bay after being
      AP  -  544 words
    • Article
      Lock icon Shipping trade groups offload pension liabilities
      207 22 Reuters [LONDON] British insurer Pension Insurance Corporation (PIC) is taking on £40 million (S$79 million) of pension liabilities from two shipping trade groups, as pension providers look to limit their risks amid rising longevity and volatile markets. The deal with the UK Chamber of
      Reuters  -  207 words
    • Article
      Lock icon TRANSPORT STOCKS
      245 22 SGX '000 Jan 8 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.27 unch 162 Cosco Corp 0.95 -0.02 ***** Ezra Hldgs 1.28 -0.01 ***** First Ship Lea 0.18 0.01 4611 Freight Links 0.07 unch 4820 Grand Banks 0.37 -0.02 3 Jaya Hold Ltd 0.69 -0.01 1153 K1Ventures
      245 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Fire sparks safety concerns over Boeing’s Dreamliner
        803 23 It has repeatedly made headlines for mechanical problems Reuters [BOSTON] Fire broke out on an empty Boeing Co 787 Dreamliner jet parked at a gate in Boston on Monday, putting safety concerns about the new, carbon-com-posite jet back in the spotlight and drawing
        Reuters; PHOTO: AP  -  803 words
      • Article
        Lock icon India opts for Airbus refuelling jets
        291 23 Reu ters [PARIS] Europe’s Airbus said on Monday it had beaten Russian competition to be selected as the preferred bidder to supply six A330 aerial refuelling tankers to India. The award paves the way for exclusive talks between Airbus Military and the Indian government
        Reuters  -  291 words
      • Article
        Lock icon Hawaiian Airlines to buy Airbus neo
        333 23 Reuters [NEW YORK] Hawaiian Airlines said on Monday it plans to buy Airbus A321neo planes in an order valued at up to US$2.8 billion, a move that puts Airbus ahead of Boeing as the airline’s main supplier of jets that fly between Hawaii and
        Reuters  -  333 words
      • Article, Illustration
        Lock icon Emirates seeks Pacific route via Qantas tie-up
        620 23 Link would allow flights around the world on A380s Bloomberg [SYDNEY] Emirates, the airline with the most international traffic, said it wants to extend its alliance with Qantas Airways across the Pacific Ocean, allowing passengers to fly around the world on Airbus SAS
        Bloomberg  -  620 words
      • Article
        Lock icon Emirates looking to add more A380s to its fleet
        313 23 Bloomberg [SYDNEY] Emirates may need about 30 more Airbus SAS A380 superjumbos to expand its network, which has been constrained by the lack of landing slots and space at its Dubai base. Curfews in destination airports and limits on airspace in
        Bloomberg  -  313 words
    • TRANSPORT HUB: LAND
      • Article
        Lock icon BMW is S'pore's top brand for 2nd year running
        477 24  -  But Mercedes-Benz C-Class is now the No 1 model with 1,565 units sold By SAMUEL EE AS EXPECTED, BMW came in as Singapore’s top make for the second year in a row last year, but another German luxury brand now lays
        477 words
      • Article, Illustration
        Lock icon Toyota pursues ‘co-pilot’ vehicles instead of self-drives
        445 24 Bloomberg [LOS ANGELES] Toyota Motor Corp is developing autonomous safety technologies to create a virtual “copilot” in vehicles that helps drivers avoid accidents rather than self-driving cars and trucks. The carmaker unveiled research that it’s doing in Japan with a modified Lexus LS
        Bloomberg; PHOTO: AFP  -  445 words
      • Article, Illustration
        Lock icon Electric cars must make some noise: US
        631 24 Bloomberg [WASHINGTON] Electric cars, which have soundless engines, would need to make noises to let pedestrians know they’re near, under a US proposed rule released on Monday. Sounds would need to be detectable when vehicles are travelling slower than 29 kilometres per hour
        Bloomberg; PHOTO: REUTERS  -  631 words
      • Article
        Lock icon FedEx rejects UPS offer of TNT Express assets
        232 24 Reuters [LONDON] Informal approaches by United Parcel Service (UPS) to FedEx to sell a package of TNT Express assets have been rebuffed by its US rival, making it potentially harder for UPS to win approval for its takeover of the Dutch delivery
        Reuters  -  232 words
      • Article
        Lock icon Removing the need to keep pumping up tyres
        483 24 NYT [NEW YORK] The steady flow of reminders to keep tyres at the automaker’s suggested inflation levels even President Barack Obama chimed in demonstrates just how far the demands of auto maintenance have diminished. With spark plugs that seem to last forever
        NYT  -  483 words
      • Article
        Lock icon Toyota defers million-unit plans for China market
        423 24 Carmaker waiting for anti-Japan sentiment to subside Bloomberg [TOKYO] Toyota Motor Corp has pushed back plans to make China its third million-unit market until after this year as Asia’s biggest carmaker waits for anti-Japan sentiment to subside and demand to return to normal.
        Bloomberg  -  423 words
Page thumbnail Page 23
  • Page 23 Advertisements
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      326 23 CRYPTIC CROSSWORD Across 7 Monkey revealing part of body among second group (8) 9 Satisfying English number getting disgusted reaction (6) 10 Provide service for heavy object, we hear (4) 11 Eastern fighter with restricted allowance for going abroad (10) 12 Appropriate feature in snooker? (6) 14 One taking a
      326 words
Page thumbnail Page 24
Page thumbnail Page 25
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3159 25 Transaction date: Jan 8 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 Company 6 3 A-Sonic --AAT Vol Day Last Quote (’000) High Low Buyer Seller Div Gr Yld C'vr 159 96.5
      3,159 words
    • Article
      Lock icon SGX CATALIST
      201 26 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 Company Last Sale Vol ('000) Day High Last Quote Low Buyer Seller Div Gr Yld C'vr Net P/E M Cap Smil 21 14 t
      201 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10568 26 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.37/ Aberdeen Asset Mgt Asia Limited 1.11/ Asian Local Ccy SD Bond Asian Local Ccy SD Bond 0.9962/ Global Emerging Markets!** 1 8766/ EM local Ccy Bond .0 9946/ European Opportunities!" 1 0966/ Global Emerging
      10,568 words
    • Article
      Lock icon GLOBALQUOTE
      249 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 41.5 30 Genting HK US$ US38 -0.5 ***** 38.5 37 37.5 38 2502.1 Sale 247 181 TanChongInt HK242 unch 90 242 242 240 244 4.3 2.9
      249 words
    • Article
      Lock icon SGX ETF
      953 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 118 -0.9 5 118.7 118 118 119.5 538.6 133.8 120.4 CIMB APAC Div 100S$D 133 -0.8 5 133 133 131.5
      953 words
Page thumbnail Page 26
Page thumbnail Page 27
  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      614 27 Jan 8 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.21 *****.12 *****.43 Mar13 *****.00 *****.00 *****.00 *****.00 *****0 *****9 Jun13 *****.00 *****.00 *****.00 *****.00 126 2458 MSCI TAIWAN INDEX FUTURES SPOT 277.16 277.84 275.57 Jan13 277.80 278.10 274.70 276.30 ***** *****0 Feb13 277.60
      614 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Jan 7 Index Change Change Change Change Change Change World Preliminary 959.4 -0.5 2.3 -0.3 2.7 -0.4 2.0 EAFE Preliminary 793.5 -0.5 2.4 -0.1 2.4 -0.1 1.7 Europe Preliminary 1176.9 -0.4 2.6
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      94 27 As on 7 January 2013 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT FEB2013 1662.10 1643.30 1646.00 INDIA GOLD (E-GOLD) FUT FEB2013 561.90 556.40 556.40 CURRENCY EUR-USD FUT MAR2013 1.3074 1.3030 1.3120 BASE METAL COPPER FUT MAR2013 8139 8062 8106 INDEX IRON ORE (MBIO) IDX
      94 words
    • Article
      Lock icon CHICAGO BOT
      107 27 Jan 7 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 13 1410.75 1389.00 1411.75 1381.00 Mar 13 1388.50 1367.25 1389.50 1357.00 May 13 1377.75 1358.50 1379.00 1347.75 Jul 13 1373.50 1355.00 1374.75 1345.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 13 49.50
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 27 CRUDE OIL PRODUCTS Jan 07 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.31 0.17 WTI (Near Mth) 93.25 0.26 Dubai (1-Mth F) 105.92 0.45 Tapis blend 118.14 0.30 Minas 111.22 0.80 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.61 0.05 Jet Kerosene 126.21 -0.11 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Jan 8 S$ Bid Offer 1-month 1.2298 1.2300 2-months 1.2298 1.2300 3-months 1.2298 1.2300 6-months 1.2297 1.2300 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      67 27 Jan 7 Jan 7 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2029.25 2027.25 3 months 2065.00 2060.00 Copper, Grade A(US$/tonne) Cash 8037.50 8055.00 3 months 8071.00 8085.00 Lead(US$/tonne) Cash 2290.00 2324.75 3 months 2305.00 2335.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00
      67 words
    • Article
      Lock icon LIFFE
      80 27 Jan 7 COCOA (£/tonne) Close Prev High/Low Mar 13 1441 1422 1444/1416 May 13 1451 1432 1454/1426 Jul 13 1459 1441 1462/1434 Sep 13 1467 1450 1470/1444 COFFEE(US$/tonne) Close Prev High/Low Jan 13 2013 1997 2023/2009 Mar 13 1963 1948 1974/1945 May 13 1970 1955 1978/1950 Jul 13 1979
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      894 27 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 4 1 146 650 5.00 16 Conv Ratio Best World Intl Ltd W*****5 0.5 1 30 69 36.00 6 Price Prem Biosensors Int'l Group.ES.1301 123.5 -2 35 Bumitama
      894 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 27 Jan 8 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.034 6.524 0.799 8.124 57.918 102.085 0.916 11.142 3.189 1.254 102.116 42.831 1.289 9.004 0.966 30.431 31.904 0.651 1.048 Canada 0.967 6.307
      470 words
    • Article
      Lock icon SIBOR
      66 27 Jan 8 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
      66 words
    • Article
      Lock icon PRECIOUS METALS
      135 27 Jan 8 GOLD(US$/oz) Jan 08 Jan 07 Hong Kong 1659.00 1668.80 Jan 07 Jan 04 London 1649.64 1647.23 1650.53 1648.05 Source: Thomson Reuters CAST BAR Jan 08 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 147 65 5gm 416 326 10gm 743 652
      135 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 27 Jan 8 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 11-Apr-13 0.25 6-Month BS*****E 11-Jul-13 0.27 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 101.86 101.93 101.93 5-Year N*****0Z 2.375
      88 words
    • Article
      Lock icon PALM OIL
      57 27 Jan 8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 13 2313.0 2320.0 2319.0 2289.0 303 3145 Feb 13 2349.0 2365.0 2371.0 2334.0 3281 ***** Mar 13 2419.0 2418.0 2423.0 2382.0 ***** ***** Apr 13 2458.0 2461.0
      57 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Jan 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2886 1.2893 1.0479 1.0483 Canadian dollar 1.2459 1.2462 1.0133 1.0132 Euro 1.6126 1.6130 1.3114 1.3115 NZ dollar 1.0272 1.0280 0.8353 0.8358 Sterling pound 1.9787 1.9792 1.6091 1.6092
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Jan 08 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.321 1.259 Can dollar 1.275 1.215 Euro 1.649 1.571 Sterling pound 2.017 1.940 NZ dollar 1.063 1.003 US dollar 1.252 1.193 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 27 Jan 8 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.65 0.45 9 months 0.80 0.60 12
      154 words
Page thumbnail Page 28
  • Article
    Lock icon SHIPPING TIMES
    3007 28 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 n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New
    3,007 words
  • Page 28 Advertisements
    • Advertisement
      Lock icon Page 28 Advertisements Column 1
      58 28 Experienced shfp maintenance _-.-i-j-.jJ Can they find yo I Wdll services here in 1 Shipping Times? TO ADVERTISE. CALI IOE WO IMG AT 9620 1 32? THE BUSINESS TIMES Shipping Times Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG
      58 words
    • Advertisement
      Lock icon Page 28 Advertisements Column 2
      18 28 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
      18 words
Page thumbnail Page 29
  • Page 29 Advertisements
    • Advertisement
      Lock icon Page 29 Advertisements Column 1
      143 29 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The Business Times TO ADVERTISE, CALL JOE WONG AT 9620 1327 i uujim jj iivii t Shipping times Announce Your Corporate Development Come publicise your Project Completion, Ship Christenings Delivery of Newbuilds, Vessel Conversion
      143 words
    • Advertisement
      Lock icon Page 29 Advertisements Column 2
      16 29 TO ADVERTISE IN The Business Times I ML UUjIl'JLJJ I IIVILJ SHIPPING TIMES CALL JOE WONG
      16 words
Page thumbnail Page 30
  • executive Money
    • Article, Illustration
      Lock icon An auspicious start for investors
      1108 30  -  Signs of recovery from the US and China in the last few weeks augur well for global markets, writeWELLIAN WELLIAN WIRANTO EDDY LOH Wellian Wiranto is Asia Investment Strategist at Barclays; Eddy Loh is Asia Equity Strategist, also at Barclays THE turn of the year
      Source: Bloomberg, Barclays; Source: MSCI Indices, Datastream, Barclays (as of Dec 27 ‘12)  -  1,108 words
    • Article, Illustration
      Lock icon Star investor Black stirs ethics debate
      1267 30 The trustee of Dartmouth College comes under fire for managing its funds Bloomberg IT’S not hard to see what Dartmouth College’s wealthy alumni have given to the 244-year-old Ivy League school, nestled among pine trees in Hanover, New Hampshire. A 2.7m tall bronze spider
      Bloomberg; PHOTO: BLOOMBERG  -  1,267 words
    • Article, Illustration
      Lock icon Property seen giving 8-10% returns in ‘13
      1180 31  -  Schroders sees looming shortages globally driving property stocks higher amid sustained low interest rates, writes TEH HOOI LING writesTEH TEH HOOI LING THE elements are in place for the global property sector to reward investors with returns of 8 to 10 per cent
      PHOTO: AFP  -  1,180 words
Page thumbnail Page 31
  • Page 31 Advertisements
    • Advertisement
      Lock icon Page 31 Advertisements Column 1
      242 31 "If insurance companies expect premiums to be paid promptly, shouldn't the same be true for payouts?" With 140 years of experience and over 60,000 employees serving customers around the globe, Zurich delivers for our customers when it matters most. Should you need to make a claim, you can be sure
      242 words
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Lock icon Page 32 Advertisements Column 1
      249 32 The Business Times Now you can read it any way you want. 3* DINING OUT CUSTOMER U-golarian Care SATISFACTION lluil hits all the Service just 01 right spots pact a the equation JP Morgan counts on S-EA to grow rjs ihe Business Time: THE BUSINESS TIMES THE BUSINESS TIMES Smith
      249 words
Page thumbnail Page 1
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      38 1 THE BUSINESS TIMES January 2013 K '//S‘ > 3 i 7 V V. 1“. <9 OUTLOOK 2013 This edition features experts’ take on vvhat’s in store in the year ahead and strategies to help investors achieve their financial goals
      38 words
Page thumbnail Page 2
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      113 2 STUNNING VIELJS. DISTINCTIVE SPACE. IN THE HEART OF ORCHARD ROAD. Live at the centre of Designed by the worldit all. Just a 5-minute renowned Ben Van Berkel of walk to Orchard Road UNStudio. The Sootts Tower shopping belt. This is opens up possibilities. Define the place to be. your space
      113 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      444 3 I’. ‘f?_ “*-x" J .-.a____ Ina C Ill-.-au_l|]A_ i '22. "L I I -0 p on E P. n In L 1 I’ v I‘ L J I «r' u._ t -c__ n I ‘7 .=s ‘av .4. E I _l,.- I H I I ‘TL. ‘L1 9"} -.4 -"'51.
      444 words
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      216 4 contentsJanuary~ 2013 10 Investing in the year ahead As~~ the~~ world~~ faces~~ slower~~ economic~~ growth,~~ adopting~~ a~~ long-term~~ mindset~~ and~~ rebalancing~~ portfolios~~ can~~ help~ investors~~ attain~~ investing~~ success 12 A silver lining Volatility~ and~~ uncertainty~~ will~~ still~~ prevail~~ in~~ 2013,~~ but~~~ the~~ risk~~ of~ a~~ system-wide~~ meltdown~~ has~~ been~~~ greatly~
      216 words
Page thumbnail Page 5
  • Page 5 Advertisements
Page thumbnail Page 6
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      159 6 36 AFP PHOTO: 38 40 contents January 2013 34 Euro in the spotlight With stifled growth rates and the pressures of tight fiscal policies, the eurozone will likely be the area to suffer the longest, compared to the US and China 35 Exchange-traded funds demystified ETFs are changing the personal
      159 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      74 7 SOME OF OUR CLIENTS ARE OVER 300 YEARS OLD. In our experience it’s not only a family’s wealth that is passed down to the next generation, but the expertise to manage and protect that wealth too. Many of our clients bank with us because their fathers did. And their fathers’
      74 words
Page thumbnail Page 8
  • Wealth
    • Article, Illustration
      Lock icon Editor’s note
      690 8  -  By Genevieve Cua EADLINES over the past months may have dwelt on the crippling debt issues of the US and Europe, but equity markets have actually hummed along nicely. As at press time, the Straits Times Index, for instance, has risen on a price basis by over 19
      PHOTO: iSTOCKPHOTO  -  690 words
    • ASSET ALLOCATION
      • Article, Illustration
        Lock icon INVESTING IN THE YEAR AHEAD
        1422 10  -  AS THE WORLD FACES SLOWER ECONOMIC GROWTH, ADOPTING A LONG-TERM MINDSET AND REBALANCING PORTFOLIOS CAN HELP INVESTORS ATTAIN INVESTING SUCCESS By WILSON AW Wilson Aw (CFA) is Head of Private Banking, United Overseas Bank was filled with the ups and downs common to the years
        PHOTO: iSTOCKPHOTO; Source: Bloomberg; Source: Bloomberg, UOB Private Banking  -  1,422 words
    • MACRO OUTLOOK
      • Article, Illustration
        Lock icon A silver lining
        1208 12  -  VOLATILITY AND UNCERTAINTY WILL STILL PREVAIL IN 2013, BUT THE RISKOFASYSTEM-WIDE MELTDOWN HAS BEEN GREATLY REDUCED By Lim Say Boon Lim Say Boon is Chief Investment Officer of DBS Bank, Group Wealth Management and Private Banking could be a watershed year for asset markets one marked by
        PHOTO: STOCK.XCHNG  -  1,208 words
    • ASIAN EQUITY
      • Article, Illustration
        Lock icon STARTING ON A POSITIVE NOTE
        857 16  -  ASIA’S GROWTH AND STRONG FUNDAMENTALS WILL CONTINUE TO SUPPORT DIVIDEND YIELD IN THE REGION IN 2013 By KING FUEI LEE King Fuei Lee is Fund Manager, Asian Equity Yield, Schroder Investment Management G LOBAL investors will wake up to Jan 1, 2013 pondering very much
        Source: Payout Ratio and Subsequent 2-year Real Earnings Growth for Asia, 1995 – 2011, Schroders, MSCI, Factset, IMF  -  857 words
    • INVESTMENT STRATEGY
      • Article, Illustration
        Lock icon Hunting for income
        1370 18 PURSUING GLOBAL OPPORTUNITY IS CRUCIAL TO IDENTIFYING HIGHER-YIELDING INCOME IN TODAY’S LOW-YIELD WORLD Contributed by PIMCO T HE global financial crisis and its recessionary aftermath have triggered an aggressive monetary policy response by global central banks, putting downward pressure on yields. Although the performance of global fixed
        PHOTO: iSTOCKPHOTO; Source: AMG, Credit Suisse as of Aug 31,2012; Credit Suisse Leveraged Loan Index loss adjusted spread (3yr life, 70% recovery assumed); Source:1 EM Credit is represented byJPMorgan Corporate Emerging Markets Bond; 2 Developed Credit is represented by the Corporates Baa sub-index of the Barclays Global Aggregate Corporate Index  -  1,370 words
    • CORPORATE DEBT
      • Article, Illustration
        Lock icon GROWING IN PROMINENCE
        1112 20  -  INVESTORS ARE STARTING TO TAKE NOTE OF THE POSITIVE TRENDS IN EMERGING MARKET CORPORATE CREDIT By Sten Ankarcrona, Marge Karner Sten Ankarcrona is Chief Executive Officer, HSBC Global Asset Management (Singapore) Marge Karner is Senior Portfolio Manager for Emerging Market Debt, HSBC Global Asset Management C ORPORATE
        PHOTO: STOCK.XCHNG; Source: JP Morgan,Sept2012; Source: Bank of America Merrill Lynch and Barclays  -  1,112 words
    • ROUNDTABLE
      • Article, Illustration
        Lock icon FOR BETTER OR FOR WORSE
        2902 22 GLOBAL ECONOMIC WOES HAVE SIDELINED MANY INDIVIDUAL INVESTORS OVER THE PAST YEAR. AGAINST THIS BACKDROP, OUR PANEL SHARES THEIR VIEWS ON WHAT’S IN STORE IN 2013 A HOST of worries have sidelined many individual investors: the United States’ fiscal cliff, Europe’s ongoing debt woes, and
        PHOTO: iSTOCKPHOTO; PHOTO: STOCK.XCHNG  -  2,902 words
      • Article, Illustration
        Lock icon THE BUSINESS TIMES ROUNDTABLE
        237 26 Genevieve Cua, BT Wealth Editor poses questions to four wealth experts for their views on what is in store in 2013. Stephanie Lair is Head of Investment Services (Asia) at BNP Paribas Wealth Management. Ms Lair has extensive experience in the finance and banking industry. She
        237 words
    • EQUITIES
      • Article, Illustration
        Lock icon The long and short of the matter
        979 28  -  INVESTORS MUST VIEW EQUITY INVESTMENTS AS STAKES IN ON-GOING BUSINESSES IF THEY ARE TO REAPTHE REWARDS OF INVESTING IN STOCKS By Genevieve Cua NVESTORS will need to take on a I “mindset’’ if they are to reap the rewards of investing in equities
        PHOTO: YEN MENGJIIN  -  979 words
    • STRUCTURED PRODUCTS
      • Article, Illustration
        Lock icon MAKING A COMEBACK
        1035 30  -  WITH INVESTOR EDUCATION AND THE APPETITE FOR YIELD, DEMAND FOR STRUCTURED PRODUCTS IS STEADILY RISING By Irene HY Chen Irene HY Chen is Head of Structured Products, Wealth and Investment Management Division, Barclays “W HAT’S in a name? That which we call a rose by any other
        PHOTO: iSTOCKPHOTO  -  1,035 words
    • FUND STRATEGY
      • Article, Illustration
        Lock icon Packing for the investment journey
        840 32  -  THEMATIC OR SECTOR OPTIONS MAY BE THE TOOLS TO AID INVESTORS ON A SUCCESSFUL INVESTMENT PASSAGE By Adam Johnson, Brian Agbabian Adam Johnson is Global Sustainability Product Specialist, Allianz Global Investors Brian Agbabian is Sector Head of Agricultural Equities, Allianz Global Investors HEN one packs
        PHOTO: STOCK.XCHNG  -  840 words
    • CURRENCIES
      • Article, Illustration
        Lock icon EURO IN THE SPOTLIGHT
        1094 34  -  WITH STIFLED GROWTH RATES AND THE PRESSURES OF TIGHT FISCAL POLICIES, THE EUROZONE WILL LIKELY BE THE AREA TO SUFFER THE LONGEST, COMPARED TO THE US AND CHINA By Jason Hughes Jason Hughes is Head of Premium Client Management, IG Singapore T HIS year, we expect
        PHOTO: BLOOMBERG  -  1,094 words
    • EXCHANGE-TRADED FUNDS
      • Article, Illustration
        Lock icon EXCHANGE-TRADED FUNDS DEMYSTIFIED
        1128 35  -  ETFS ARE CHANGING THE PERSONAL INVESTMENT LANDSCAPE AS THEY OFFER RETAIL INVESTORS ACCESS TO A WIDE VARIETY OF OPPORTUNITIES By Stewart Aldcroft Stewart Aldcroft is Senior Advisor to Citi Transaction Services, Asia Pacific O NE of the key changes to the personal investment landscape most likely to
        Source: BlackRock; PHOTO: BLOOMBERG  -  1,128 words
    • INSURANCE
      • Article, Illustration
        Lock icon COVERING ALL BASES
        1151 36  -  THERE IS NO IDEAL TIME, SO REVIEW YOUR INSURANCE PORTFOLIO AT LEAST ONCE AYEAR TO ENSURE IT STILL MEETS YOUR NEEDS AND EXPECTATIONS By Daniel Lum Daniel Lum is Director of Product and Marketing, Aviva Singapore A ROUND this time every year, millions of people around the
        PHOTO: AFP  -  1,151 words
    • PROPERTY
      • Article, Illustration
        Lock icon When luxury meets liquidity
        1107 38  -  THE MONEY IS OUT THERE AND IT WILL MAKE ITS WAY INTO THE LUXURY HOMES MARKET By Ku Swee Yong Ku Swee Yong is the CEO of real estate agency International Property Advisor Pte Ltd. He recently published his second book, Building Your Real Estate Riches:
        Source: URA, SingStat, IPA  -  1,107 words
    • WATCHES
      • Article
        Lock icon A MATTER OF TIME
        971 40  -  TO THE HOUR GLASS EXECUTIVE DIRECTOR,COLLECTING TIMEPIECES IS ABOUT PASSION, PROFESSION AND PATRIMONY By Chuang Peck Ming M I C H A E L Tay, the exe cu t i ve director of the luxury watch chain The Hour Glass, says that he feels naked without
        971 words
      • Article, Illustration
        Lock icon IMPASSIONED TOWARDS PASSION INVESTMENT
        589 41 “CAN we not talk about the money? I find it difficult to talk about the money,” says Michael Tay when he is quizzed on how much he has spent on his art collection. The rich often shy away from the topic of money. Perhaps the richer
        PHOTO: YEN MENG JIIN  -  589 words
    • SUCCESSION PLANNING
      • Article, Illustration
        Lock icon FAMILY MATTERS IN BUSINESS
        1366 42  -  HAVING A PROPER STRUCTURE TO ALIGN CONFLICTING INTERESTS CAN PAVE THE WAY FOR A SMOOTH SUCCESSION FOR FAMILY BUSINESSES By Kevin Tay Kevin Tay is Head of Wealth and Tax Planning, Asia, Bank Julius Baer Co Ltd (It is difficult to build a business, and even
        PHOTO: STOCK.XCHNG  -  1,366 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      116 9 IMAGINE A BANK Imagine a bank where your interests really do come fi rst. Imagine a bank without risky sovereign debt or toxic assets on its balance sheet. Imagine a bank whose owners have personal liability for its actions. Imagine a bank that’s been looking forward for seven generations. Imagine
      116 words
Page thumbnail Page 10
Page thumbnail Page 11
Page thumbnail Page 12
Page thumbnail Page 13
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      534 13 ‘H I M I n I ‘ii i i -—-2:: H‘ I J" I ‘T I I K i V‘----..___ I If _.'r' IL 9- 0 I I .r tr I_I i I 1| I 0 I .,_I 4-‘ I :30 I‘ I Q A I Ii H '1-_ I
      534 words
Page thumbnail Page 14
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      349 15 Akshay Jaitly Senior Private Banker Indian Markets BNP Paribas Wealth Management Looking to manage your wealth with a partner you trust? Look no further V Ik I f -J A C pi> TA TF R A TT W A strong ciient relationship is always founded on trust We establish trust
      349 words
Page thumbnail Page 16
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      63 17 My name: John My business: Manufacturing My dream: To continue my family tradition My private bank: Julius Baer, because they have been leading the way in wealth management for generations The leading Swiss private banking group. Since 1890. www.juliusbaer.asia Julius Baer is present in over 40 locations worldwide. From Hong
      63 words
Page thumbnail Page 18
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      440 19 Questionson wealth management Boutique Banking Trusted Relationships Risk and Returns BSI Bank is one of the fastest-growing private banks in Asia. We asked three of the bank’s senior executives to respond to the kind of challenging questions they expect from clients. Hanspeter Brunner Chief Executive Officer BSI Asia Where do
      440 words
Page thumbnail Page 20
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      128 21 TRADE THE WORLD'S MOST LIQUID MARKET WITH YOUR LOCAL FOREX SPECIALIST Deal around the clock on a wide range of major, minor and exotic currency pairs. Access tight spreads with EUR/USD and AUD/USD from just 0.8 pips, and unique risk management tools. Plus, FX rebates available for high-volume traders. Find
      128 words
Page thumbnail Page 22
Page thumbnail Page 23
Page thumbnail Page 24
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Lock icon Page 25 Advertisements Column 1
      190 25 AREYOU STILL TRYING TO TIME THE MARKET? TIME TO TAKE STOCK Since the bottom of the market downturn several years ago, many investors have been waiting on the sidelines for the “right time” to get back into the market. In doing so, they’ve missed out on significantly positive market returns,
      190 words
Page thumbnail Page 26
Page thumbnail Page 27
  • Page 27 Advertisements
    • Advertisement
      Lock icon Page 27 Advertisements Column 1
      84 27 9 Tomorrow needs care Our continuous commitment in Asia In addition to providing global investment solutions, our Asia platform has developed local expertise and renminbi capabilities. Our commitment has always been rooted in transparency and long-term vision. Relying on these common sense values, we help you to protect, grow and
      84 words
Page thumbnail Page 28
Page thumbnail Page 29
  • Page 29 Advertisements
    • Advertisement
      Lock icon Page 29 Advertisements Column 1
      80 29 Deutsche Bank Private Wealth Management m r Vf i f 1 3 t rIJ r r x S Worldwide strength has never been this personal 'pev-fbtnv For more information: pwm.db.com. This advertisement has been approved and/or communicated by Deutsche Bank AG and appears as a matter of record only. The
      80 words
Page thumbnail Page 30
Page thumbnail Page 31
  • Page 31 Advertisements
    • Advertisement
      Lock icon Page 31 Advertisements Column 1
      127 31 ASUMONEY POLLS 2012 W Best Private Bank in Singapore Our clients deserve nothing but the best. For ABN AMRO Private Banking, being voted Best Private Bank in Singapore in 2012, is yet another opportunity to remind ourselves of what matters most our clients. ABN AMRO Private Banking is grateful to
      127 words
Page thumbnail Page 32
Page thumbnail Page 33
  • Page 33 Advertisements
    • Advertisement
      Lock icon Page 33 Advertisements Column 1
      300 33 Investing in advantage has i ts payoffs That is why we developed PRUVantage a suite of insurance and investment solutions to help ensure that you continue to be in a position of advantage, especially where your wealth is concerned. Part of this suite of products, is PRUSelect Vantage, which allows
      300 words
Page thumbnail Page 34
Page thumbnail Page 35
Page thumbnail Page 36
Page thumbnail Page 37
  • Page 37 Advertisements
    • Advertisement
      Lock icon Page 37 Advertisements Column 1
      367 37 E for Evolution E*TRADE PRO •Wl '•attr m E* TRADE 360| E*TRADE, multi-channel trading platforms, unleashes the U.S. investment potential 9 Accounts ■Ik Alerts Barcode Lookup CNBC Video f Dashboard Education 553 Markets gj News Irr Orders W E*TRADE MOBILE +65 6438 8228 www.etrade.com.sg Q 16 Raffles Quay, #32-07 Hong
      367 words
Page thumbnail Page 38
Page thumbnail Page 39
Page thumbnail Page 40
Page thumbnail Page 41
Page thumbnail Page 42
Page thumbnail Page 43
  • Page 43 Advertisements
    • Advertisement
      Lock icon Page 43 Advertisements Column 1
      104 43 BANKOFSINGAPORE International Private Banking Voted Outstanding Private Bank Asia Pacific 2011 by Private Banker International Even after you've come this far, some things never change. Tf X ft Like you, we believe in the timeless value of hard work. That's why Bank of Singapore is dedicated to building on your
      104 words
Page thumbnail Page 44
  • Page 44 Advertisements
    • Advertisement
      Lock icon Page 44 Advertisements Column 1
      214 44 THIiivypt itdotzv Advice you can trust is one of life’s most precious commodities. At Barclays we understand that wealth means different things to different people. Recently recognised as the Best Private Bank in Asia,* we focus our expertise and high levels of service on providing advice that is precisely tailored
      214 words