The Business Times, 23 January 2013

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Total Pages: 32
1 32 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Wednesday, January 23, 2013
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  • 950 1  -  They’ve cut subsidies and enjoy better margins on home loans, but this may not last By SIOW LI SEN [SINGAPORE] In a rare moment of amity, banks are enjoying better margins on home loans after scrapping subsidies in the last quarter and
    ST FILE PHOTO  -  950 words
  • MARKETS DIGEST
    • 65 1 HST INDEX 3,219.86 (-1.46) HST INDEX FUTURES 3,220.00 (-1.00) HSIMSCI 362.78 (-0.93) HSIMSCI FUTURES 362.50 (-0.90) US$ S$ US$ (S$ per US$) 1.227 (US$/S$ per 1.585 1.945 EURO (US$/S$/€) 1.336 1.639 Foreign currency per US$ S$ YEN 89.10 72.60 RM 3.040 2.478 HK$ 7.753 6.321 BAHT 29.74 24.24 RUPIAH
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    • 48 1 Tuesday Change KL COMP 1,628.66 -6.97 NIKKEI 225 10,709.93 -37.81 HANG SENG 23,658.99 +68.08 SET INDEX 1,434.09 -6.39 JAKARTA COMP 4,416.55 -23.43 MANILA COMP 6,104.90 -66.80 SEOUL COMP 1,996.52 +9.66 SHENZHEN B 823.54 +24.23 MUMBAI IND 19,981.57 -120.25 11am EST Change DOW 13,647.19 -2.51 NASDAQ 3,125.37 -9.34
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    • 20 1 SINGAPORE 5.38 HONG KONG 6.55 HONGKONG 5.00 INDONESIA 13.919 BRITAIN 5 036 JAPAN 1.475 KOREA 9.33 Source: Bloomberg
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  • 830 1  -  By ANTHONY ROWLEY in Tokyo RESPONDING to intense political pressure from prime minister Shinzo Abe’s recently installed government, the Bank of Japan yesterday went beyond market expectations by announcing not only a doubling of its current annual inflation target to 2
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  • Page 1 Advertisements
    • 103 1 LAND TRANSPORT Top 6 car makes maintain ranking PAGE 24 COMMENTARY The evolving banking landscape PAGE 21 S’PORE NEWS Foreigners’ share of private home purchases set to fall PAGE 9 EXEC MONEY Investors most upbeat on stocks PAGE 30 *****1 *****4 Deutsche Bank db.com Only a strong bank can be
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  • TOP STORIES
    • 480 2 Home loans are where the margins are IN a rare moment of amity, banks are enjoying better margins on home loans after scrapping subsidies in the last quarter and raising prices. The intensely competitive mortgage market eased off somewhat as banks adjusted their prices upwards in the past
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    • 748 2  -  OUE stocks rose after pullout, as did ThaiBev’s and Kirin’s but F&N shares fell By KENNETH LIM [SINGAPORE] The share prices of companies embroiled in a takeover battle for Fraser and Neave (F&N) rose yesterday barring those of the target firm as
      PHOTO: BLOOMBERG  -  748 words
    • 722 2  -  By VEN SREENIVASAN [SINGAPORE] Faced with myriad challenges to its pre-mium-airline model, Singapore Airlines is adopting a strategy to boost growth, including buying more fuel-ef-ficient planes, building up global alliances, investing in new technology and cabin suites, and expanding into
      FILE PHOTO  -  722 words
    • 705 2  -  By NEETA LAL in New Delhi WORRIED by the corrosive effect of rising gold imports on India’s current account deficit, the government has hiked the import duty on the yellow metal by 50 per cent from 4 per cent to 6
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    • 55 2 IN “M1 facing hefty fine after two-day outage” (BT, Jan 18), we said that the Infocomm Development Authority (IDA) was still investigating a network outage that StarHub had suffered in 2011. This information is outdated. The IDA had completed its investigation in March last year, and decided not to
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    • 774 3  -  Is clause in town council contracts ‘to trip up opposition MPs’, WP chief asks By LEE U-WEN [SINGAPORE] The Workers’ Party (WP) has criticised the government for using Singaporeans as “pawns in a political game or simply collateral damage” for
      PHOTO: RAJENDRAN NADARAJAN/ THE STRAITS TIMES  -  774 words
    • 1021 3 NYT [WASHINGTON] Barack Hussein Obama ceremonially opened his second term Monday with an assertive Inaugural Address that offered a robust articulation of modern liberalism in America, arguing that “preserving our individual freedoms ultimately requires collective action”. On a day that echoed with refrains from
      NYT; PHOTO: AFP  -  1,021 words
    • 494 3  -  By SIOW LI SEN [SINGAPORE] Malaysian conglomerate Sime Darby’s first US dollar sukuk or Islamic bond sale yesterday was hot with orders exceeding US$8 billion. The strong demand for the sukuk, which was in two tranches, meant it would be priced
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  • Page 2 Advertisements
    • 222 2 mavenalliance www.mavenalliance.biz Maven Alliance is proud to present the following workshop: Understanding Complying with Personal Data Protection Act 2012 By Mr Tan Sin Liang 01 March 2013 A one-day workshop conducted by an experienced compliance lawyer, highlighting the various practical implementation issues and solutions under the Personal Data Protection Act
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  • Page 3 Advertisements
    • 406 3 More nimble than large caps, more stable than small caps. Why are U.S. mid caps in the sweet spot for investment? Get Substance the UBS House View Go to www.ubs.com/investment-ideas or scan the QR code with your smartphone 0 m is 0 Please contact your UBS client advisor, or call
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  • COMPANY NEWS
    • 491 4  -  Results beat analyst expectations; dividend of 4 cents declared By KENNETH LIM SINGAPORE Exchange (SGX) chief executive Magnus Bocker cited improved market conditions and regulatory clarity as reasons for optimism as the bourse posted a 16.7 per cent increase in second-quarter profit. Net
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    • 682 4 Deal adds legions of assets to Charoen’s Thai Beverage Reuters [BANGKOK] For self-made Thai billionaire Charoen Sirivadhanabhakdi, the takeover of Singapore’s Fraser and Neave Ltd (F&N) will add legions of assets to his drinks and real estate empire that already stretches from South-east Asia to
      Reuters; PHOTO: BLOOMBERG  -  682 words
    • 380 4 REUTERS BREAKINGVIEWS [HONG KONG] The battle for Fraser and Neave has ended with a fizzle rather than a bang. After a seven-month tussle, the hoped-for final auction for the Singaporean conglomerate failed to materialise. Even so, the winning $13.75 billion bid from
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    • 387 7  -  Enhancement works, divestment of Chijmes key reasons By JASMINE NG SUNTEC Real Estate Investment Trust (Reit) posted a distribution per unit (DPU) of 2.326 cents for its fiscal fourth quarter, down 6.2 per cent from 2.479 cents a year back. This was
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    • 350 7  -  By EMILYN YAP FRASERS Centrepoint Trust (FCT) kicked off its financial year with a strong set of results, as its malls raked in higher revenue in the first quarter ended Dec 31, 2012. The retail real estate investment trust posted a distribution per
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    • 433 7  -  This is on the back of a 6.9% jump in distributable income to $37.7 million By MINDY TAN MAPLETREE Industrial Trust (MIT) posted a distribution per unit (DPU) of 2.32 cents for the third quarter ended Dec 31 last year, up 7.4 per cent from
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    • 721 8  -  HOCK LOCK SIEW By KALPANA RASHIWALA PROPERTY developer Ho Bee Investment’s efforts to build a strong base of recurring income will start to bear fruit later this year, with the completion of The Metropolis, its one million sq ft Grade
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    • COMPANY BRIEFS
      • 62 8 STRATECH Systems Ltd said that its contract with the Singapore government to operate and maintain the Medical Claims Proration System (MCPS) has been extended for two years from Jan 1, 2013 to Dec 31, 2014 at a contract value of $2.7 million. The contract will have
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      • 53 8 Civmec unit wins oil gas contracts CIVMEC Ltd’s subsidiary Civmec Construction Engineering Pty Ltd, a heavy engineering service provider, has secured $50 million worth of contracts linked to two oil and gas projects in Australia. The contracts are in relation to the Chevron operated Wheatstone and Gorgon Projects. Work will
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    • 334 8  -  By CARINE LEE ASCENDAS India Trust (a-iTrust) recorded an available distribution per unit (available DPU) of 1.34 cents for the fiscal third quarter ended Dec 31, 2012. This was 11 per cent lower than the available 1.50 cents posted a year
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    • 342 8  -  By LEE MEIXIAN FULL-YEAR net profit at Keppel Telecommunications Transportation (Keppel T&T) fell 30.2 per cent to $55.5 million. The fall in earnings attributable to shareholders was despite revenue for the 12 months ended Dec 31 rising 16.4 per cent to $137.5
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  • Page 4 Advertisements
    • 267 4 STPROPERTY SEMINAR PROPERTY INVESTMENT STRATEGY FOR 2013 With the government's latest cooling measures, the Eurozone crisis, the US Fiscal cliFF and the low global interest rate; how will this aFFect YOU and your property? Join our distinguished panel of speakers who will share their views and analyses to help you
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  • Page 5 Advertisements
    • 197 5 V L ET hi r I I Lr w r ai ii PU< 2,l'7 < w ABDUL AZIZ I Flirtation I 1992 1995 I oil on canvas I 142.5 x 59 cm x 2 panels ■V*. 1 V -ft MMml SI V, m WJlONOVOv* 1982 h-Ti FRoy I A -I-
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  • SINGAPORE MARKETS
    • 578 6  -  Broad market weakens; Ipco boosts market’s unit volume while F&N lifts dollar value STOCKS R SIVANITHY Senior Correspondent OTHER than traders continuing their focus on low-priced issues and activity in F&N helping to boost dollar volume, there were few other features of note in
      Source: Bloomberg  -  578 words
    • 73 6 Jan 22 VALUE CLOSE BT OB/OS 68.00 +26.00 BT CADI -*****.00 -128.00 BT 10-day MA -*****.00 +7.00 FTSE ST Mid Cap 792.15 -2.71 FTSE ST Small Cap 550.94 -1.93 FTSE ST All Share 791.73 -0.90 FTSE ST China Top 223.13 -1.14 FTSE ST China 255.13 -0.96 FTSE
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    • 53 6 VOLUME IPCO Intl 801,943,000 YHM 148,649,000 ICP 112,631,000 Oceanus 104,110,000 Thai Beverage 83,666,000 Armarda 71,731,000 Plastoform 70,264,000 UPP 67,084,000 Teledata 66,058,000 F&N 57,809,000 VALUE($) F&N 552,079,210 SingTel 73,827,080 DBS Grp 69,405,694 UOB 65,553,665 Genting SP 43,135,265 Thai Beverage 37,844,360 Golden Agri 33,228,712 CapitaLand 28,110,110 Wilmar 26,247,620 Keppel
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    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 11 4 0 0 0 3 11 4 Manufacturing 45 78 30 4 9 9 49 87 39 Commerce 17 32 21 2 6 3 19 38 24 Tpt/Stor/Comms 9 25 10
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    • 123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,885 15,885 52,391 52,391 Manufacturing 643,321 235,040 878,361 775,619 3,341 778,960 Commerce 235,842 11,079 246,921 98,266 801 99,067 Tpt/Stor/Comms 113,133 18,636 131,769 164,113 6,025 170,138 Finance 77,802 230 78,032 192,040 98 192,137 Construction 921,384 153,966
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    • 111 6 Stock name Close Change CapMallsAsia 2.190 -0.030 CapitaLand 3.870 -0.030 CapitaMall 2.170 CityDev 11.14 -0.080 ComfortDelGro 1.850 -0.005 DBS Grp 14.42 +0.020 F&N 9.550 -0.190 GLP 2.760 +0.010 Genting SP 1.440 -0.020 Golden Agri 0.630 +0.010 HK Land 7.600 +0.050 IHH Healthcare 1.350 -0.005 JMH 63.50
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    • 1001 6  -  Compiled by LYNN KAN M1 Jan 22 close: $2.76 OCBC Investment Research, Jan 22 M1 reported its Q4 2012 results on Monday. While revenue of $327.4 million (up 3.2 per cent y-o-y, up 28.5 per cent q-o-q) was 5.0 per cent ahead of our forecast, aided by higher
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    • 472 6 CURRENCIES Reuters [LONDON] The yen rose yesterday after the Bank of Japan (BOJ) said its open-ended commitment to buy assets would kick in only next year, disappointing those who expected more aggressive monetary easing. The euro pared sharp losses against the yen and turned
      Reuters; PHOTO: BLOOMBERG  -  472 words
    • 118 6 BY CENTS CLOSE UP DBXT SPASX200 10US$ 3919 375.3 8.5 Lyxor Europe 10 US$ 1313 143.5 9.8 JMH 6350 104.3 1.4 JSH 3776 101.8 2.2 DBXT Nifty 10US$ ***** 54.0 0.4 GLD 10US$ ***** 49.1 0.2 DBXT MSINDIA 10US$ 939 42.9 3.9 DBXT MSTHAI 10US$ 2161 25.8 1.0 Asia
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    • 127 6 BY CENTS CLOSE DOWN DBXT MSMSIA 10US$ 1386 -68.7 -3.9 DBXT FTVietnam 10US$ 2434 -56.4 -1.9 DBS Bk 4.7% NCPS 100 ***** -40.0 -0.4 Lyxor Malaysia 10US$ 949 -38.0 -3.2 STXPO 100 650 -30.0 -4.4 OCBC Bk 5.1%NCPS 100 ***** -26.0 -0.3 UOB 5.05%NCPS 100 ***** -20.0 -0.2 DBXT
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    • 5 6 DAILY
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  • Page 7 Advertisements
    • 157 7 SMU Postgraduate Research Programmes Launch of Interdisciplinary Doctoral Programme The Singapore Management University (SMU) is pleased to announce the launch of its Interdisciplinary Doctoral Programme in the research areas of Analytics for Business, Consumer Social Insights, and Financial Markets Institutions. Students will choose from a Primary Specialisation and a Secondary
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    • 644 7 Keppel Telecommunications Transportation Ltd Co Reg No: *****0115G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2012 The Directors of Keppel Telecommunications Transportation Ltd advise the following unaudited results of the Group for the year ended 31 December 2012. Group 2012 2011 $’000
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  • Page 8 Advertisements
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  • SINGAPORE NEWS
    • 484 9  -  Scheme is to help children with their medical bills By NISHA RAMCHANDANI THE Ministry of Health (MOH) is setting aside an additional $10 million over the next five years under the new Medifund Junior scheme to help Singaporeans with their children’s healthcare costs.
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    • 480 9  -  Project at Robinson Rd priced from about $3,300psf, with medical suites from $3,800psf By MINDY TAN FAR EAST Organisation’s SBF Center has been receiving keen interest in the weeks leading up to its official launch, as investors continue to flock to the commercial
      SPH FILE PHOTO  -  480 words
    • 432 9  -  Marketeers should innovate on trusted, established brands By TEO SI JIA BRAND-BUILDERS have more reasons to up their game to make themselves attractive to the Singapore market. According to the Nielsen Global Survey of New Product Purchase Sentiment, 66 per cent
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    • 1177 9  -  ‘Very high’ ABSD rate of 15% will significantly cut demand, say consultants By KALPANA RASHIWALA FOREIGNERS’ share of private home purchases in Singapore is expected to decline in the first half of this year, given the harsher additional buyer
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    • 495 9  -  By RONNIE LIM SINGAPORE’S LNG terminal on Jurong Island is practically good to go. As at end-December, work on the $1.7 billion first phase was over 98 per cent complete, with pre-commission-ing and system completions continuing through the first quarter,
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    • 249 9  -  By ANDREA SOH THOSE buying general insurance products can now check that their agents are authorised and registered by asking to see their identity cards issued by the General Insurance Association of Singapore (GIA). Since the start of this year, the GIA has required
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  • Norway
    • 432 10  -  Building on a historical partnership in the maritime industry, Norway and Singapore now collaborate in industries like green technology and R&D In commemoration of over 40 years of Norwegian-Singaporean business relations A 4-page Special Feature produced by Encore Media Asia Ltd BUSINESS REPORT Report by: Nandi
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    • 426 10 Norwegian risk expert DNV charts a new course with Singapore's maritime, oil and gas sectors With the global shipping industry facing difficult times, risk management firm DNV saw these challenges early, and has extended its offering to the maritime, and oil and gas industry in Southeast
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    • 323 10  - Singapore and Norway Paired to Succeed Written by: Tormod C. Endresen Royal Norwegian Embassy in Singapore The economic ties between Norway and Singapore are of strategic importance to both countries. Through trade, but increasingly through partnerships in innovation, Norwegian and Singaporean businesses help our nations to stay ahead. Norwegian ships
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    • 387 10 Ole M. Granberg, managing director of Granberg A/S, views himself as a problem solver. The Norwegian Asthma and Allergy Association approached him to develop gloves for children and adults suffering from eczema, a chronic skin condition
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    • 382 11 Norway's Institute of Marine Research shares its marine expertise with Asia The Norwegian government granted around NOK 440 million, or $72 million US dollars, to Norway's Institute of Marine Research in September 2012 for a new research vessel to play an important role in combating food
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    • 406 11 Marine oil and gas equipment and services provider Wartsila Moss AS sets sights on Singapore Nearly all tankers and vessels navigating around the world pass by Singapore, so that is why Wartsila Moss is focused on expanding its particular niche equipment to the marine market there. Formerly
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    • Article, Illustration
      443 11 Norwegian offshore firm Sevan Marine reinvents itself as a technology provider Change in the oil and gas industry takes time, as it is a conservative industry. Despite this, Norwegian company Sevan Marine, the originator of the cylindrical- shaped Floating, Production, Storage and Offloading (FPSO) vessel technology, has managed
      443 words
    • Article, Illustration
      324 11 Clean Marine poised to deliver pioneering emission cleaning systems to Singapore Shipowners and vessel managers sailing within Emission Controlled Areas (EGA) need to “wake up" by Jan. 1, 2015, as stringent emission requirements will take effect then. Oslobased Clean Marine AS is one step ahead of the curve
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    • Article, Illustration
      374 12 Norwegian lifeboat manufacturer Norsafe casts a Lifeline to the Asian market For more than a century, Norway’s Norsafe AS has recognised that the best way of improving safety at sea is by offering quality equipment and services to the marine and offshore industry. Norsafe's facilities are world class, serving
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    • 522 12 Oslo's Viking Ship Museum takes visitors on a voyage to Norway's Nordic past Many visitors from Southeast Asia come to Norway to experience its breathtaking fjords and historical Viking heritage. Their first port of call before venturing out into the wilderness should be the Viking Ship Museum,
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    • 374 12 Norwegian IT consultancy Merit eyes Singapore for its Asian headguarters Singapore is well on its way to becoming a major global information technology hub, and Norway's Merit Consulting would like to tap into the region’s talent pool. Merit Consulting AS is comprised of IT experts with proficiency in
      374 words
    • Article, Illustration
      391 12 Nordic bank SEB's customer centric focus, safeguards connectivity throughout various target markets Singapore is a well-estab-lished financial hub in Asia with a stable political climate, which makes the city state all the more attractive to the Nordic financial services group SEB as a base when servicing its Nordic clientele
      391 words
    • Article, Illustration
      272 13 Norwegian shipping cable manufacturer NEK KabeL celebrates 100th anniversary With nearly 100 years in the shipping industry, Norway's NEK Kabel has witnessed the ebbs and flows of worldwide maritime activity. Located in Lorenskog, NEK Kabel AS designs and manufactures communication cables for ship and offshore applications. The company
      272 words
    • 341 13 The Norwegian Research Council granted Oslobased biotechnology company Vaccibody A/S 2 million Euros or S$3.21 million in November 2012 to develop a cervical cancer vaccine for women. According to CEO Ole Henrik Brekke, the company is in a preclinical
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    • 514 13 Bl establishes education presence in maritime hubs of Norway and Singapore Only a handful of universities can boast that they are bringing education to the workplace. At Bl Norwegian Business School, students can apply lessons learned in the classroom, direcdy to the boardroom. Bl Norwegian Business
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    • Article, Illustration
      399 13 Norwegian engineering firm LMG Marin steers toward a greener shipping industry with LNG-powered ships As many global companies continue to look for ways to "go green,” Norway’s LMG Marin is ahead of the curve in the shipping industry with its liquefied natural gas, or LNG, fuel technologies. According
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  • Page 10 Advertisements
    • 90 10 The power of managing risk Swift and dramatic changes in business conditions, stricter regulations, intense public scrutiny: managing risk has never been more critical and more complex. DNV is a global provider of services for managing risk helping customers to safely and responsibly improve their business performance. Companies in the
      90 words

  • Page 11 Advertisements
    • 151 11 Sevan Marine Norwegian Technology for Challenging Environments W: Eni Norge has selected the Sevan 1000 FPSO concept for the sub-Arctic Goliat field in the Barents Sea. The Sevan 1000 FPSO is currently under construction at Hyundai Heavy Industries in Korea. Modification of the Sevan 300 FPSO, “Voyageur Spirit is completed
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  • Page 13 Advertisements
    • 38 13 i f International, Flexible, Succesfull Bl Executive MBA (Oslo) Bl-Fudan MBA Programme (Shanghai) Executive Developement Programmes offshore Oil and Gas Investments (Shanghai) key Elements of Shipping (Singapore) Apply now at www.bi.edu/exed m NORWEGIAN BUSINESS SCHOOL EFMD EQUIS ACCREDITED
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    • 102 13 Naval Architects and Engineers r’.v'TT. fc. 1 LMG MARIN www.lmgmarin.no office@lmgmarin.no 47 55 59 40 00 LMG Marin, Bergen, Norway .Nr Ship Design for a Greener Future LMG Marin has become one of the world’s leading, independent naval architect and marine technology companies. Celebrating our 70th anniversary 7 in 2013,
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  • MALAYSIA/INDONESIA
    • 384 14 Harassment tactic, says suspended chief economist Bloomberg [KUALA LUMPUR] Bank Islam Malaysia Bhd, the country’s oldest Shariah-compli-ant lender, said it filed two police reports against Azrul Azwar Ahmad Tajudin, whom it suspended as chief economist last week. Mr Azrul, a member of opposition
      Bloomberg; PHOTO: THE STAR  -  384 words
    • 335 14 Govt authority will issue scorecards rating companies on the quality of their corporate governance Bloomberg [JAKARTA] Indonesia’s Financial Services Authority plans to publish scorecards rating companies on the quality of their corporate governance as it begins supervising capital markets in South-east
      Bloomberg  -  335 words
    • 545 14  -  Over-reaction to imminent poll offers buying opportunities for investors, it says By S JAYASANKARAN in Kuala Lumpur A MALAYSIAN research house has called a buy on the Kuala Lumpur stock exchange, citing its oversold position on Monday and Tuesday, challenging the
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  • Page 14 Advertisements
    • 178 14 m NANYANG '•/VT?" TECHNOLOGICAL lm UNIVERSITY Nanyang Business School 1 Wharton University of Pennsylvania Aresty Institute of Executive Education =31 r J H I THE NANYANG-WHARTON SENIOR LEADERS PROGRAM A COLLABORATION BETWEEN NANYANG BUSINESS SCHOOL AND THE WHARTON SCHOOL INVENTING THE RN Nanyang Business School (NBS) and the Aresty Institute
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    • 102 14 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices WATct NOTICES CORRIGENDUM With reference to the advertisement in the Business Times on Wednesday, 9 January 2013, NOTICE TO CREDITORS of HOM-BUILD PTE. LTD. (In Members’ Voluntary Liquidation), the Company Registration Number should have
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  • GREATER CHINA/INDIA
    • 623 15 New Delhi has taken care of its budget deficit, he says Bloomberg [NEW DELHI] India’s government has taken corrective measures to curb its budget deficit and sees no case for a rating downgrade to junk, Finance Minister Palaniappan Chidambaram told investors in
      Bloomberg; PHOTO: BLOOMBERG  -  623 words
    • 236 15 Reu ters [BEIJING] China ran a fiscal deficit of 850 billion yuan (S$165.55 billion) last year, or 1.6 per cent of gross domestic product, the Finance Ministry said yesterday, slightly higher than the government’s target of 800 billion yuan, or 1.5 per
      Reuters  -  236 words
    • 397 15 He calls on central bank to use monetary policy as growth slows AFP [BEIJING] Chinese Premier Wen Jiabao has urged the central bank to promote “healthy” economic development, the government said, after the economy expanded at its slowest pace for 13 years last year. Speaking
      AFP  -  397 words
  • Page 15 Advertisements
    • 1464 15 AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED ABN 11 005 357 522 FINANCIAL STATEMENTS FOR ANZ BANKING GROUP LIMITED and its controlled entities for the year ended 30 September, 2012 BALANCE SHEET as at 30 September CONSOLIDATED THE COMPANY 2012 2011 2012 2011 AUD-m AUD-m AUD-m AUD-m Assets Liquid assets
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  • ECONOMY WATCH
    • 535 16 AFP [BRUSSELS] Jeroen Dijsselbloem of the Netherlands took over yesterday as chairman of the key eurozone finance ministers forum, despite surprise Spanish resistance. “We appointed the Dutch finance minister Jeroen Dijsselbloem to become the new president of the Eurogroup,” outgoing head Jean-Claude Juncker told a press
      AFP; PHOTO: REUTERS  -  535 words
    • 711 16 Euro-area ministers seek accord on how and when ESM can directly aid lenders Bloomberg [BRUSSELS] Euro-area finance ministers staked out their turf in a brewing battle over bank rescues amid German and Austrian warnings that direct bailouts won’t be widely available. Ministers
      Bloomberg; PHOTO: AFP  -  711 words
    • 569 16 Number of jobless is expected to rise by 5.1m to over 202m NYT [PARIS] More than 197 million people worldwide are jobless, and an additional 39 million have simply given up looking for work, a United Nations (UN) agency said on Monday,
      NYT  -  569 words
  • Page 16 Advertisements
    • 421 16 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices THE MONETARY AUTHORITY OF SINGAPORE APPLICATION FOR TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS Applications must be submitted through Primary Dealers and be in time for Primary Dealers to submit by the closing date of application. Eligible individuals under the CPF Investment Scheme can apply to
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    • 25 16 Show Off Your Prize Bull I I Call 1800 289 8822 1 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices NOTICES iCLA/FEBI 1/g
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  • WORLD
    • 541 17 Purchases fall 1 to 4.94m annual rate on lowest supply in more than a decade LATEST US DATA Bloomberg [WASHINGTON] Sales of US existing homes unexpectedly dropped in December, restrained by the lowest supply of properties in more than a decade. Purchases fell
      Bloomberg  -  541 words
    • 540 17 Trades in bonds, shares get 0.1% tax, derivatives 0.01 AP [BRUSSELS] A group of 11 European Union countries are set to get the green light to push ahead with the introduction of a financial transaction tax, Irish Finance Minister Michael
      AP; PHOTO: AFP  -  540 words
    • 503 17 Reuters [LONDON] Private investors are set to pour more money into emerging market countries this year as their economies grow strongly and interest rates in developed markets remain low, a global banking group said yesterday. Europe’s emerging east is expected to benefit
      Reuters  -  503 words
    • 648 17 AFP [FRANKFURT] Investor sentiment in Germany has soared to the highest levels since the start of the eurozone debt crisis in 2010 as the outlook for Europe’s top economy continues to brighten, a survey found yesterday. The widely watched investor confidence index calculated by
      AFP; PHOTO: AP  -  648 words
    • 756 18 New entrants move in on offshore clients starting on clean slate Bloomberg [GENEVA] Swiss wealth managers are resuming the fight for American clients four years after the US sued UBS AG in a case that undermined banking
      Bloomberg  -  756 words
    • 613 18 But nations are divided over who should pay Reuters [OSLO] The world must spend an extra US$700 billion a year to curb its addiction to fossil fuels blamed for worsening floods and heat waves and rising sea levels, a study issued by
      Reuters; PHOTO:REUTERS  -  613 words
    • 460 18 Reuters [LONDON] Britain reinforced its status as Europe’s leading outsourcer in 2012, with the annual value of commercial contracts awarded in the country up by a fifth, as companies sought ways to cut costs and stay competitive. The often controversial practice of
      Reuters  -  460 words
    • 358 18 Bloomberg [DAVOS] Klaus Schwab, founder of the World Economic Forum, sees political “black swan” events threatening global security even as economic risks subside, with confidence returning to the euro area. “The world is still full of risks and we do
      Bloomberg  -  358 words
    • 465 18 This could politicise exchange rates, says Bundesbank chief AFP [FRANKFURT] Bundesbank chief Jens Weidmann expressed concern on Monday about threats to the independence of central banks, particularly in Japan and Hungary, which he warned could sharply politicise exchange rate policy. “We are witnessing
      AFP; PHOTO: REUTERS  -  465 words
    • 347 18 Reuters [WASHINGTON] Republican leaders in the House of Representatives said they aim to pass tomorrow a nearly four-month extension of the US debt limit, to May 19. The measure does not specify a new dollar amount but allows the government
      Reuters  -  347 words
  • Page 17 Advertisements
    • 554 17 'S WAT3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTERED AND IN THE MATTER OF SUMISHO CAPITAL MANAGEMENT (SINGAPORE) PTE. LTD. (IN MEMBER'S VOLUNTARY LIQUIDATION) (Company Registration No. *****0962H) NOTICE TO SUBMIT PARTICULARS OF DEBTS OR CLAIMS Notice is hereby given that the creditors of the abovenamed Company, whose
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  • Page 19 Advertisements
    • 341 19 Amazing Gifts When you Subscribe to THE STRAITS TIMES L-Um J(e\ Panasonic LUMIX DMC-XS1GF SUBSCRIBE NOW AND BRING HOME ONE OF THESE AMAZING GIFTS! Panasonic LUMIX DMC-XS1GF '"KaW Stij|isk %oJte% ''Panasonic Micro Audio SC-FiC27 2 year plan W for ljaut i ft /iftf Panasonic LUMIX DMC-FH4GF-K Panasonic Vacuum Cleaner MC-CG300G647
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  • EDITORIAL & OPINION
    • 440 20 EDITORIAL WITH Budget Day about a month away, Singapore’s business community is looking forward to measures that can ease its pain in what is a challenging business environment. The global economy is still relatively weak. The Singapore economy is also in the throes of sub-par
      440 words
    • 817 20  -  THE BOTTOM LINE WILLIAM PESEK William Pesek is a Bloomberg View columnist; the opinions expressed are his own Bloomberg JACK Lew’s first act once he becomes US Treasury Secretary will be to tell a lie. On Day One as Timothy
      Bloomberg  -  817 words
    • 956 20  -  Top leaders worry the ‘Third Industrial Revolution’ could leave the country high and dry ANTHONY ROWLEY Tokyo Correspondent CHINA’S top leaders are, it seems, just about all agreed on one thing, and that is that the so-called “Third Industrial Revolution” is going
      PHOTO: REUTERS  -  956 words
    • 1184 21  -  Regulatory reform will continue to top the agenda for banks and regulators this year By CHRIS MATTEN RADISH SINGH Chris Matten is a partner, Financial Services Industry Practice, PwC Singapore LLP and Radish Singh is associate director, Financial Services Industry Practice, PwC Singapore LLP IN the
      PHOTO: BLOOMBERG  -  1,184 words
    • 951 21  -  By GUANGHUA WAN The writer is a principal economist at the Asian Development Bank. Previously, he was senior economist in the United Nations and taught in a number of universities in Australia and the PRC. This article was fist published in Asia Pathways, a
      PHOTO: AFP  -  951 words


  • Transport HUB
    • 1005 22  -  No room for complacency as the scourge of piracy on the high seas remains an intolerable reality STRAIT TALK By DAVID HUGHES URING the past few weeks, this column has been picking over the record of various bits of the shipping industry in 2012. By
      1,005 words
    • 372 22 Bloomberg [LONDON] The Panama Canal may change how it calculates tolls for ships carrying energy cargoes to boost traffic once a US$5.25 billion expansion is complete in 2015. The canal is investigating charging fees based on the cargo capacity of commodity carriers
      Bloomberg; PHOTO: BLOOMBERG  -  372 words
    • 465 22 Bloomberg [LONDON] Rates to ship liquefied natural gas are dropping for the first time in four years amid a diminishing scarcity of the carriers transporting the fuel, a bullish sign for investors in the biggest owners of the vessels. Golar LNG
      Bloomberg  -  465 words
    • 236 22 SGX '000 Jan 22 S$ +/-Vol CH Offshore 0.50 unch 135 Chuan Hup Hldg 0.26 unch 506 Cosco Corp 0.95 -0.01 6106 s$ Ezra Hldgs 1.15 -0.02 ***** First Ship Lea CH Offshore Freight Links unch Grand Banks.............unch unch 0 Jaya Hold Ltd 0.26 K1Ventures 0.15 unch 860
      236 words
    • TRANSPORT HUB: AVIATION
      • 562 23 They made windfall profits by passing on the expected cost of carbon allowances Reuters [BRUSSELS] Airlines could have already made up to 1.36 billion euros (S$2.23 billion) in windfall profits from an EU law that forces them to pay for
        Reuters  -  562 words
      • 555 23 Bloomberg [LONDON] European airports are seeking to return to normal operations yesterday after snow and ice swept through the region, disrupting hundreds of flights. Heathrow airport in London, Europe’s busiest hub, and Charles de Gaulle in Paris said that they aim to
        Bloomberg; PHOTO: AFP  -  555 words
      • 585 23 Rapid growth of aircraft manufacturing reflects its broader ambitions NYT [TIANJIN, China] When Airbus executives arrived here seven years ago scouting for a location to assemble passenger jets, the broad, flat expanse next to Tianjin Binhai International Airport was a grassy field. Now, Airbus,
        NYT  -  585 words
    • TRANSPORT HUB: LAND
      • 477 24  -  Top 4 brands enlarge their share despite the market being smaller By SAMUEL EE SINGAPORE’S top six makes were unchanged for the second year in a row last year, but only the first four increased their market share in a shrunken market.
        477 words
      • 454 24  -  By SAMUEL EE AS expected, the number of parallel-imported cars continued to shrink with just 1,553 units of non-autho-rised models registered last year, a figure 33.8 per cent down from the 2,346 grey imports the year before. But there were a couple of surprises regarding
        454 words
      • 667 24  -  By SAMUEL EE AUDI is eyeing the top spot in Singapore but it will take a while to get there, a member of the board of the premium brand with the four rings has said. Axel Strotbek, board member for finance and organisation
        667 words
      • 667 24  -  Vehicle sales on road to recovery but tech needs to catch up: analysts By ADRIAN WAN EJ Insight [HONG KONG] Chinese auto parts makers are bracing themselves to grab a bigger share of the global market this year on the
        EJ Insight  -  667 words
  • Page 22 Advertisements
    • 46 22 Why pay to advertise your car for sale online? visit or SMS to now in the following format: r^^^gName POST Vehicle number s> find hard to ca isn A product of H, Singapore’s Most Trusted Media Group SG Buy, sell or rent. At STCars.sg, your ideal
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    • 9 22 www.omy.sg oaviiit awitg/ > i aaroaai riojo blog.omy.sg/use-mandarin U HatJfS
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  • Page 23 Advertisements
  • Page 23 Miscellaneous
    • 352 23 CRYPTIC CROSSWORD Across 8 Newspaper boss backed intended contempt (8) 9 At sea most of cargo enters astern (6) 10 Pulse indicated allergy to some extent (3) 11 Not in agreement about November’s bonus (8) 12 First pair of reporters favourite to cover area in Echo (6) 13 Available relations
      352 words

  • Page 24 Advertisements
    • 241 24 r THE HEAT iS OH. ALL -HEW MEZDG 6. ZOOMiHG SOON. You can be the first to see this highly acclaimed beauty imbued with Mazda's proprietary Kodo Soul of Motion design. Experience largest-in-class spaciousness. Have a taste of its efficient drive fuelled by SkyActiv Technology. More importantly, register now for
      241 words

  • 2814 25 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
    2,814 words
  • Page 25 Advertisements
    • 48 25 Experienced shfp maintenance services wanted. SHipping Times? TO ADVERTISE. CALI IOE WONG AT 9620 1 327 THE BUSINESS TIMES Shipping Times Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times Shipping times
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    • 18 25 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • Page 26 Advertisements
    • 142 26 Importers looking for Warehouse Can they find your services here in the Shipping Times? the business times TO ADVERTISE, CALL JOE WONG AT 9620 1327 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
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    • 15 26 TO ADVERTISE IN .The Business Times mt UUJII'JLJJ i imtj Shipping Times CALL JOE WONG
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  • SINGAPORE STOCKS
    • 3290 27 Transaction date: Jan 22 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 6 3 A-Sonic --AAT Day Last Quote Div Gr Yld Net M Cap 159.5 98.5 AIMSAMPIReit Low Company Sale
      3,290 words
    • 184 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 Company Last Sale Vol ('000) Day High Last Quote Low Buyer Seller Div Gr Yld C'vr Net M Cap P/E Smil 21 14.8 t
      184 words
    • 10226 28 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha Fund Cl A!** 1.38/ Aberdeen Asset Mgt Asia Limited 1.13/ Asian Local Ccy SD Bond American Opp Asian local Ccy SD Bond 0.788/ EM Local Ccy Bond Asian Smaller Cos!” 1.889?/ Global Emerging
      10,226 words
    • 262 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 43.5 25.5 AVJennings A38 +4 37 39 36 34 35.5 3.6 9.2 3 99 43.5 30 Genting HK US$ US43 -0.5 ***** 43.5 42.5 42.5 43 2831.3
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    • 936 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 134.1 120.4 CIMB APAC Div 100S$D 134.1 134.5 135.5 111.7 95.8 CIMB APAC Div 100US$ US111.7 109.6 110.5 11.7 1399 1246 CIMBASEAN40 100S$D 1362 -8
      936 words


  • FINANCE & COMMODITIES
    • 626 29 Jan 22 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.10 *****.42 *****.20 Mar13 *****.00 *****.00 *****.00 *****.00 *****6 *****4 Jun13 *****.00 *****.00 *****.00 *****.00 88 2766 MSCI TAIWAN INDEX FUTURES SPOT 277.31 278.69 276.21 Jan13 276.80 279.10 275.50 278.60 ***** *****6 Feb13 276.50
      626 words
    • 373 29 In local curr In S$ In US$ dy yr dy yr dy yr Jan 21 Index Change Change Change Change Change Change World Preliminary 978.5 0.1 4.3 0.1 4.4 0.1 3.8 EAFE Preliminary 809.4 0.1 4.5 0.2 3.9 0.2 3.3 Europe Preliminary 1200.3 0.4 4.6
      373 words
    • 87 29 As on 21 January 2013 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT FEB2013 1690.50 1686.00 1689.70 INDIA GOLD (E-GOLD) FUT FEB2013 572.65 566.90 570.40 CURRENCY EUR-USD FUT MAR2013 1.3337 1.3309 1.3317 INDEX IRON ORE (MBIO) IDX FUT JAN2013 143.90 143.10 144.00 IRON ORE (MBIO)
      87 words
    • 107 29 Jan 18 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 13 1429.25 1430.25 1438.50 1421.00 May 13 1416.75 1414.75 1423.25 1408.00 Jul 13 1410.00 1406.00 1416.00 1401.50 Aug 13 1385.00 1379.50 1387.75 1376.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 13 51.68
      107 words
    • 70 29 CRUDE OIL PRODUCTS Jan 21 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.8 0.79 WTI (Near Mth) 95.36 -0.05 Dubai (1-Mth F) 107.19 0.53 Tapis blend 118.09 0.95 Minas 114.69 0.95 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.99 0.99 Jet Kerosene 128.23 0.06 US$/barrel OpecOil Basket
      70 words
    • 22 29 Jan 22 S$ Bid Offer 1-month 1.2267 1.2269 2-months 1.2267 1.2269 3-months 1.2267 1.2269 6-months 1.2266 1.2268 Source: OCBC
      22 words
    • 67 29 Jan 21 Jan 21 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2004.00 2006.50 3 months 2040.50 2042.00 Copper, Grade A(US$/tonne) Cash 8027.00 8035.75 3 months 8055.00 8061.00 Lead(US$/tonne) Cash 2296.50 2294.00 3 months 2300.50 2301.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00
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    • 80 29 Jan 21 COCOA (£/tonne) Close Prev High/Low Mar 13 1483 1482 1493/1475 May 13 1480 1481 1490/1473 Jul 13 1485 1487 1491/1478 Sep 13 1491 1492 1491/1485 COFFEE(US$/tonne) Close Prev High/Low Jan 13 2020 2026 2016/2016 Mar 13 1970 1976 1974/1962 May 13 1985 1988 1988/1976 Jul 13 1996
      80 words
    • 839 29 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 1 146 724 4.55 16 Conv Asiatravel.com HoldingsW*****7 4.8 0.6 98 1 25 18 Asiatravel.com HoldingsW*****5 4.6 unch 18 1 27 42 BakerTech W*****5 Prem Best World
      839 words
    • 470 29 Jan 22 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.048 6.573 0.791 8.191 56.663 102.053 0.941 11.221 3.211 1.255 103.268 42.902 1.296 9.342 0.984 30.640 31.414 0.666 1.056 Canada 0.954 6.273
      470 words
    • 68 29 Jan 22 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
      68 words
    • 135 29 Jan 22 GOLD(US$/oz) Jan 22 Jan 21 Hong Kong 1701.00 1700.00 Jan 21 Jan 18 London 1689.48 1686.34 1690.42 1687.56 Source: Thomson Reuters CAST BAR Jan 22 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 150 67 5gm 426 334 10gm 762 668
      135 words
    • 88 29 Jan 22 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 25-Apr-13 0.24 6-Month BS*****F 25-Jul-13 0.25 1-Year BY*****X 01-Nov-13 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 101.85 5-Year N*****0Z 2.375 01-Apr-17 108.46
      88 words
    • 57 29 Jan 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 13 2390.0 2370.0 2415.0 2390.0 238 6817 Mar 13 2413.0 2401.0 2451.0 2412.0 4815 ***** Apr 13 2435.0 2420.0 2474.0 2430.0 ***** ***** May 13 2456.0 2440.0
      57 words
    • 154 29 Jan 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2957 1.2962 1.0563 1.0566 Canadian dollar 1.2366 1.2373 1.0086 1.0082 Euro 1.6387 1.6395 1.3360 1.3364 NZ dollar 1.0322 1.0328 0.8415 0.8419 Sterling pound 1.9443 1.9450 1.5851 1.5854
      154 words
    • 121 29 As at 9am Jan 22 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.323 1.260 Can dollar 1.267 1.207 Euro 1.673 1.594 Sterling pound 1.983 1.907 NZ dollar 1.061 1.001 US dollar 1.253 1.194 Local dollars to 100 units of foreign
      121 words
    • 154 29 Jan 22 $S Offer Bid 0vernight 0.05 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.07 US$ 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

  • executive Money
    • 1513 30 Many plan to raise their holdings of equities during the next six months Bloomberg [DAVOS] INTERNATIONAL investors are the most bullish on stocks in at least three-and-a-half years, with close to two-thirds planning to raise their holdings of equities during the next six
      Bloomberg; PHOTO: BLOOMBERG  -  1,513 words
    • 1248 30 Correlation between them breaking down; speed of currency appreciation seen hurting exports Bloomberg [HONG KONG] The nine-year lockstep moves between emerging-market exchange rates and stock prices are breaking down as currencies reach levels that threaten export profits. The JPMorgan ELMI+ Index of developing-na-tion
      Bloomberg; PHOTO: REUTERS  -  1,248 words
    • 710 30  -  By A TEH HOOI LING A STUDY by the BNP Paribas Hedge Fund Centre at SMU has found that the larger the hedge fund, the lower its return. An increase in fund assets under management from US$20 million to US$1 billion decreases fund alpha outperformance
      Source: BNP Paribas Hedge Fund Centre, SMU  -  710 words
    • 915 31  -  As markets remain volatile, HAREN SHAH examines whether it’s time to revisit this region HAREN SHAH The writer is a Citi Private Bank senior investment strategist for the Asia-Pacific LAST year, many of us were too cautious in our investment outlook. Most investors became risk
      Source: IBES aggregates. Citi Research. As of Dec 7,2012  -  915 words

  • Page 31 Advertisements
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      228 words

  • 1009 32  -  The global environment continues to pose challenges going forward. In this three-part weekly series, Citi's experts offer their views on the outlook for Singapore amid economic and market developments around the world. This second feature looks at the performance of Singapore's equity market for
    1,009 words
  • Page 32 Advertisements
    • 168 32 Citigold Private Client Opportunities. Which do you choose? Our Citigold Private Clients have access to research and advisory for that additional edge that lets them harness opportunities globally. Recognition, access, and the most exclusive of privileges are what our clients enjoy wherever they are in the world. www.citigoldprivateclient.com I +65
      168 words