The Business Times, 28 January 2013

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Total Pages: 31
1 32 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Monday, January 28, 2013
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  • 1282 1  -  Longer-term need to revitalise economy more vital than short-term sweeteners for companies By TEH SHI NING [SINGAPORE] The calls for the government to aid businesses in the current tough environment have grown louder, but don’t expect the upcoming Budget to dish out help
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  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,269.31 +58.09 KL COMP 1,637.13 -39.31 NIKKEI 225 10,926.65 +13.35 HANG SENG 23,580.43 -21.35 SET INDEX 1,461.41 +26.97 JAKARTA COMP 4,437.60 -27.88 MANILA COMP 6,167.64 +28.43 SEOUL COMP 1,946.69 -41.2 SHENZHEN B 831.58 +68.34 MUMBAI IND 20,103.53 +64.49 DOW 13,895.98 +246.28 NASDAQ 3,149.71 +15.00 S&P
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    • 20 1 SINGAPORE MALAYSIA HONG KONG 5.38 6.55 5.00 INDONESIA BRITAIN TAIWAN US JAPAN CANADA KOREA 9,33 BRITAIN Source: Bloomberg
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    • 49 1 US$ S$ US$ (S$ per US$) 1.230 (US$/S$ per 1.579 1.942 EURO (US$/S$/E) 1.341 1.649 Foreign currency per US$ S$ YEN 90.50 73.60 RM 3.047 2.478 HK$ 7.754 6.305 BAHT 29.90 24.31 RUPIAH 9,675 7,867 RENMINBI 6.220 5.058 INDIAN RUPEE 53.66 43.63 A$ 0.956 0.778 NZ$ 1.194 0.971
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  • 581 1  -  Board members plan to accept offer for their own shares By MINDY TAN [SINGAPORE] Thai Tycoon Charoen Sirivadhanabhakdi’s offer of $9.55 per share for Fraser and Neave Limited (F&N) is “fair”, according to F&N’s directors, who added that they intend to accept the
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  • Page 1 Advertisements
    • 234 1 DINING OUT Crystal Jade goes green PAGE 25 PROPERTY Alexandra Central units put up for quick resale PAGE 2 VIEWS FROM THE TOP Promising investments for 2013 PAGES 12 13 PUNGGOL EAST BY-ELECTION The danger of trade-offs in policy making PAGE 4 BT WEBSITES For breaking news, go to businesstimes.com.sg.
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  • TOP STORIES
    • 618 2 Budget: Restructuring takes priority over business aid THE calls for the government to aid businesses in the current tough environment have grown louder, but don’t expect the upcoming Budget to dish out help across the board. Trying though the business climate may be, the longer-term policy priority of
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    • 625 2  -  URA hints at cooling measures for commercial sector if it gets too hot By FELDA CHAY [SINGAPORE] Some investors are already trying to flip the shop units they bought just days ago at the yet-to-be-completed Alexandra Central, a sign that they had
      PHOTO: YEN MENG JIIN  -  625 words
    • TOP STORIES: PUNGGOL EAST BY-ELECTION
      • 829 4  -  Main priority for now is to ensure smooth handover, she says By LEE U-WEN [SINGAPORE] The huge margin of victory for the Workers’ Party (WP) in last Saturday’s Punggol East by-election was beyond even the opposition party’s own expectations, its chairman Sylvia Lim
        PHOTOS: RAJ NADARAJAN/THE STRAITS TIMES  -  829 words
      • 522 4  -  Dr Koh will wait for PM Lee to decide on his future role By LEE U-WEN [SINGAPORE] By-elections typically see “big swings” in the results, said Defence Minister Ng Eng Hen as he gave his take on the Workers’ Party’s (WP)
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      • 813 4  -  COMMENTARY WONG WEI KONG News Editor NOW that the fight is over, the Punggol East by-election will be analysed on many different levels. But what could turn out to have the most far-reaching consequence is the implication it may hold for policy making
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  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 92 3 ©LEXUS How far we go and how we get there defines who we are and what we’re made of. It you’re one of those who’ve dreamed big, It you’ve dared to risk and stared down setbacks, It you’ve driven yourself relentlessly to the top, then this one’s tor you, Li
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  • Page 4 Advertisements
    • 191 4 Personal Data Protection Act 2012 Understanding Complying With PDPA Trainer: Tan Sin Liang (LLB, S'pore, LLM, London) 6 reasons why your company should have this in-house training This is a new law with onerous penalties ($1 m max fine). Your company must comply with it. Through this training, your company
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  • Page 5 Advertisements
    • 691 5 MAYORS OF THE WORLD, MAY WE With 3.3 billion people living in cities today —a number that will double by 2050 —the job of mayor has begun to resemble the burden of Atlas. City infrastructure, agencies, services, economics and the well-being of the citizenry all demand change. This kind of
      691 words

  • COMPANY NEWS
    • 295 6 Jan 25 BANKS Agricultural Bank Of China Agricultural Bank Of China ...5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited Bangkok Bank Public Co. Ltd Bank of Communications 5.50 Bank of China Limited ...5.50 Bank of Communications Bank of Tokyo-Mitsubishi UFJ, Ltd ...5.75 Banque Internationale
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    • 305 6 COMPANY MEETING PLACE DATE TIME BRC Asia A 5 Sixth Lok Yang Road 28-Jan 10.30am Chew's Group A Raffles Country Club Stamford 1 2 450 Jalan Ahmad Ibrahim 28-Jan 10.00am China Fishery A Taurus Level 1 E Marina Mandarin S’pore 6 Raffles Boulevard 9.30am Marina Square 28-Jan 10.00am
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    • 727 6  -  Only one of these 18 companies posted a loss; 12 firms do better by ushering in higher profits By MINDY TAN NET profit for the 18 listed companies that have reported their fourthquarter results so far is a combined $1.567
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    • 735 6 Payment Ex Rec Pay Ann (cts) date Date date date Ascendas REIT ao 3.620 21-Jan 23-Jan 27-Feb 15-Jan Ascendas REIT ES (Jan 2013) ao 3.620 21-Jan 23-Jan 27-Feb 15-Jan Ascott Residence Trust ao 0.971 01-Feb 05-Feb 28-Feb 24-Jan Ascott Residence Trust aq 0.888 01-Feb 05-Feb 28-Feb 24-Jan Ascott
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    • 1702 9 INSIDE MARKETS Buying fell for the first time in the past three weeks while sales by directors remained low for the fifth straight week, based on Jan 21-25 filings on the Singapore Exchange. Buyers outweighed sellers with 8 companies that recorded 15 purchases worth $2.41
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    • 19 9 1 Branchen Stars R1C-A 18/01/2013 167,40 EUR I db X-MACRO Trading Index Fund I4D 16/01/2013 89,54 GBP
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  • Page 6 Advertisements
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    • 18 6 Download the STJobs iPhone, iPad Android App now! At STJobs, your ideal job isn't hard to find. STJOBS.SG
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  • Page 7 Advertisements
    • 213 7 CIMBBANK The closer you look, the more value you see. The CIMB Visa Infinite Card is for the select few who appreciate only the best of what life has to offer. In this inner circle, you will enjoy privileges that extend across borders, unique global experiences, luxury at your fingertips
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  • SINGAPORE MARKETS
    • 709 8  -  STOCKS R SIVANITHY Senior Correspondent AS Wall Street’s indices keep rising because of money printing and zero interest rates taking most other indices around the world with them –so does the VIX Index keep falling to fresh lows. t Friday’s close of 12.89,
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    • 577 8 CURRENCIES Bloomberg [SINGAPORE] Asian currencies fell last week by the most since July as a slide in the yen fanned concern that regional central banks will intervene to prevent exchange-rate gains that may hurt exports. Officials from Russia to
      Bloomberg  -  577 words
    • 536 8 COMMODITIES AFP [LONDON] Commodity markets experienced mixed fortunes last week as traders digested upbeat data from China, Europe and the US, while gold slid as investors shifted cash out of the safe-haven precious metal. Figures from British bank HSBC showed China’s manufacturing activity
      AFP  -  536 words
    • 1570 8 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.50 2.00 2 9.25 17.08 1.56 1.58 Amtek Engineering Ltd 3.00 3.00 5 0.05 9.14 0.60 0.58 ARA Asset Management 1.57 1.43
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    • 4 8 WEEKLY
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    • 73 8 Jan 25 VALUE CLOSE BT OB/OS 116.00 +174.00 BT CADI -*****.00 +129.00 BT 10-day MA -*****.00 +12.00 FTSE ST Mid Cap 803.70 +3.65 FTSE ST Small Cap 562.00 +4.68 FTSE ST All Share 803.98 +4.97 FTSE ST China Top 230.36 +1.43 FTSE ST China 265.60 +3.06 FTSE
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    • 54 8 VOLUME ICP 2,113,706,000 YHM 2,044,905,000 IPCO Intl 1,725,834,000 MDR 1,206,938,000 MDR W*****5 427,156,000 Teledata 362,506,000 Innopac 347,770,000 HanKore 343,890,000 Geo Energy 320,673,000 ChinaNTown 272,648,000 VALUE($) F&N 1,731,988,370 SingTel 376,386,829 DBS Grp 329,359,647 UOB 262,166,185 Wilmar 199,436,235 CapitaLand 195,627,959 Geo Energy 194,133,875 Keppel Corp 183,891,090 Genting SP 163,805,585
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    • 112 8 BY CENTS CLOSE UP Lyxor AsiaIF 10US$ 3285 742.7 22.5 DBXT Nifty 10US$ ***** 515.2 3.8 JMH 6590 479.6 6.3 DBXT SPASX200 10US$ 3945 408.3 9.2 JSH 3880 313.6 7.0 Jardine C&C 5225 295.0 6.0 IS S&P500 ***** 221.4 1.2 Lyxor Europe 10 US$ 1313 143.9 9.8 DBXT AUD
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    • 129 8 BY CENTS CLOSE DOWN Hyflux 6% CPS 10 ***** -288.0 -2.6 GLD 10US$ ***** -257.0 -1.3 DBXT MSKorea 10US$ 5932 -239.8 -3.2 DBXT MSMSIA 10US$ 1386 -68.9 -3.9 Lyxor Malaysia 10US$ 949 -61.5 -5.0 UOB 5.05%NCPS 100 ***** -42.0 -0.4 DBXT MSINDO 10us$ 1524 -40.6 -2.1 DBXT S&P Short
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    • 5 8 WEEKLY
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  • Page 9 Advertisements
    • 47 9 t i K m CV V > ,r>A' fcar E v' iS y> ttr N 4K 5V «ci i V 4 tr< Japanese foods Your qualify time. J ’■tosi r A m i kt. •At %r» i/ MAFF Ministry of Agriculture Forestry and Fisheries 4 -^AS-aa;. t Wtr'M'
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  • SINGAPORE NEWS
    • 593 10  -  Third edition fares much better than previous year’s By HELMI YUSOF, SHARON CHEAH PREMIER art fair Art Stage returned in its third year with a roar, after a lacklustre performance last year. Six-figure sales were seen from Day One. By the end of the four-day
      PHOTO: AP  -  593 words
    • 448 10  -  Freehold 4-storey building on 18,000 sq ft plot expected to fetch over $62m By ONG CHOR HAO A FREEHOLD commercial property at the corner of Changi Road and Lorong 105 Changi has been put up for sale by tender. No 160 Changi is
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  • Page 10 Advertisements
    • 72 10 LOGISTICS SEES A PACKAGE. OUR PEOPLE SEE MUCH MORE. At FedEx we know that every package we handle is more than just a package. We know that the success of businesses like yours depends on having suppliers you can count on. That is why we are committed to delivering reliable
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1502 11  -  The Straits Times Index is a gauge of investor confidence and a benchmark to compare other products with, and to invest in, reportsCAI CAI HAOXIANG NEWSPAPERS typically mention stock-market indices when recounting dramatic events shaking the financial world. Black Monday, or Oct 19, 1987, is
      Source: Bloomberg; FILE PHOTO  -  1,502 words
    • 1194 11  -  By CAI HAOXIANG THE following table displays all 30 component stocks making up the Straits Times Index (STI), Singapore’s benchmark index. These are the largest and most liquid stocks traded on the Singapore Exchange and span the property, financial, industrial and services sectors. The stocks
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  • Page 11 Advertisements
    • 156 11 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • VIEWS FROM THE TOP
    • 3610 12 THIS WEEK’S TOPIC: As 2013 unfolds, what are the investment opportunities you would consider most promising for private individual investors? Are the best opportunities to be found within Singapore or overseas; and if the latter, where and why? Ranjit Khanna Head of South East Asia Global NRI Coutts
      PHOTOS: AFP, REUTERS  -  3,610 words

  • Page 13 Advertisements
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    • 11 13 For the complete list of views from CEOs, go to http://businesstimes.com.sg
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  • MALAYSIA/INDONESIA
    • 472 14 Bank may eventually seek Manila listing for its unit, say industry watchers [KUALA LUPMPUR] Malayan Banking Bhd (Maybank) has made a US$100 million capital injection into its Philippines operations in a bid to accelerate its growth in South-east Asia’s fifth largest economy. The banking
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    • 332 14 Reuters [DAVOS, Switzerland] Indonesia expects foreign direct investment to rise 25-35 per cent this year, the country’s trade minister said on Friday, helped by companies such as Taiwan’s Hon Hai Precision Industry which is building factories to make telephone handsets. Exports are also likely
      Reuters  -  332 words
    • 275 14 AP [JAKARTA] Two separate landslides triggered by torrential rain in western Indonesia has left 12 people dead, including five geothermal workers. More than a dozen others were also buried under the debris, officials said yesterday. The worst landslides happened in Tanjung Sani of Agam district
      AP  -  275 words
    • 612 14 [SUBANG] Firefly turned the corner last year after incurring losses on its short-lived jet operations and is now planning to raise loads and sustain profitability. According to The Star, Firefly aims to raise average passenger loads by 5 per cent to 75
      FILE PHOTO  -  612 words
    • 1468 14 VOL Jan 25 RM +/-(‘000) VOL Advance Synerg 0.14 -0.01 314 Adventa Bhd 0.30 -0.01 686 Ae Multi Hldgs 0.26 unch 187 Affin Holdings 3.30 0.01 291 Ahmad Zaki Res Abric Bhd 0.20 Alliance Finan 66 Aluminium Co 0.68 unch 21 Amalgamated In .........0.31 unch 25 Ammb Hldgs
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  • Page 14 Advertisements
    • 44 14 Why pay to advertise your car for sale online? Do it for FREE Visit or SMS in the following format: POST NRIC number A product of Singapore’s Most Trusted Media Group Buy, sell or rent. At STCars.sg, your ideal car isn’t hard to find.
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  • GREATER CHINA/INDIA
    • 725 15  -  Loan growth has slowed drastically against market expectations By YONNEX LI EJ Insight HONG Kong banks face a huge predicament: They have too much funds but too little loan demand. The surplus liquidity is now weighing on their bottom lines. The Hong
      EJ Insight  -  725 words
    • 323 15 AFP [NEW DELHI] India’s central bank is expected to cut interest rates this week for the first time in nine months in response to the government’s recent economic reform spree and slowing inflation, economists say. With inflation at a three-year low and
      AFP  -  323 words
    • 466 15 Big industrial firms see profit up 17% y-o-y in December Xinhua [BEIJING] Chinese industrial firms’ profits climbed for a fourth consecutive month in December, adding evidence that the world’s sec-ond-largest economy is gaining steam after seeing its lowest growth rate in 13 years. Profits
      Xinhua; PHOTO: AFP  -  466 words
  • Page 15 Advertisements
    • 77 15 I IK •4 w" Standard Chartered When businesses succeed, livelihoods flourish. In 2009, we took the initiative to be first to align with the World Bank Group in boosting global trade flows. Since then, we have continued to be proactive in encouraging growth across our markets. As trade is the
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    • 163 16 / 17 INI n iV t' PS 1 a gffiSC I J l: lr 1 ISP I SSSr i i iS( p| rpjlLfigw? 33 S •Kt ri •-W r>< i 'T1 S >. V! p nK T m a m ii Hill i A Prestigious Development by CHINA SONANGOL LAND enquiries (65)6808
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  • Page 18 Advertisements
    • 155 18 /r kl 1 ■s« 3: If ft r w 8^? TwentyOne ka oi o o ur a ir The One Address Orchard Boulevard Paterson Road When you embody life's brilliance, only one address defines you as a city's elite. The one address in an instantly recognisable location in every global
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  • ECONOMY WATCH
    • 868 19 Recovery in retail and tourism reflects strength of regional consumption WP [DUBAI] With Dubai’s economy posting the fastest growth since 2007, residents here say it’s getting harder to find taxis, book restaurants or golf courses and get school places for their children. Home
      WP; PHOTO: BLOOMBERG  -  868 words
    • 467 19 AFP [WASHINGTON] The International Monetary Fund is gearing up for a huge new challenge to rebuild the economies of the turbulent Arab world, something’s that’s starkly different from its eurozone rescues. The Arab Spring revolutions of 2010-2011 have opened doors to the IMF’s
      AFP  -  467 words
    • 685 19 US and southern Europe could learn from them AP [AMSTERDAM] In the US, tax hikes have been the subject of partisan warfare that brought the country to the very edge of a “fiscal cliff”. In southern Europe, spending cuts have led to mass protests and
      AP  -  685 words
  • Page 19 Advertisements
    • 96 19 ALMATY w Seoul Beijing Bangkok' Kuala Lumpur Hong Kong Ho Chi Minh Kuala Lumpur Almaty 3 times a week Ho Chi Minh Almaty jf- 2 times a week Beijing Almaty ■4“ 5 times a week Bangkok Almaty 7 times a week Seoul Almaty Hong Kong Almaty jjs 2 times a
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    • 107 19 MOSER PERPETUAL 1, ref. 341.501-004.18k rose gold. Hand-wound movement cal. HMC 341.501. 10 days power reserve. Back and forth date adjustment. Instantaneous date change from 28 lh Feb to I s1 Mar. Winner of the prestigious Grand Prix d'Horlogerie de Geneve 2006 category "Montre Compliquee" H THE HOUR GLASS SINGAPORE
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  • WORLD
    • 871 20  -  Dow could hit its all-time closing high if earnings keep coming in strong WALL STREET INSIGHT By ROB CURRAN The US stock market is emerging from the shadow of Apple and will likely test record highs this week. Last week, the Standard Poor’s
      PHOTO: AFP  -  871 words
    • 284 20 AFP [MELBOURNE] Novak Djokovic wore down Andy Murray in a gruelling four-set final to clinch a hat-trick of Australian Open titles on Rod Laver Arena yesterday. The Serbian world No 1 lost the opening set in a tiebreaker but got progressively stronger to
      AFP; PHOTO: AFP  -  284 words
    • 299 20 Move is part of efforts to meet the country’s growing energy needs AFP [HANOI] Vietnam yesterday inked a deal with firms from Japan and Kuwait to build an oil refinery complex worth nearly US$9 billion as part of efforts to meet its growing energy
      AFP  -  299 words
    • 333 20 Reu ters Bloomberg [DOHA] Commercial Bank of Qatar, the lender in talks to buy a majority stake in Alternatifbank AS, posted a 19 per cent increase in fourth-quarter profit, missing analysts’ estimates. Net income climbed to 447 million riyals ($151
      Reuters; Bloomberg  -  333 words
    • 598 21 Systems or program errors that harm investors won’t be spared: SEC chief Bloomberg [NEW YORK] Robert Khuzami, the US Securities and Exchange Commission’s enforcement chief, said the agency is “very focused” on bringing cases against exchanges and traders when systems or programming
      Bloomberg  -  598 words
    • 440 21 Bloomberg [SAN FRANCISCO] Twitter Inc was valued at about US$9 billion after early employees sold US$80 million in shares to a fund managed by BlackRock Inc, three people with knowledge of the matter said. The sales were overseen by Twitter
      Bloomberg  -  440 words
    • 335 21 Most of that went into emerging market funds Reuters [NEW YORK] Investors pumped US$5.65 billion into stock funds worldwide in the latest week, with most of the sum flowing into emerging market stock funds as investors exited US exchange-traded funds, data from EPFR Global showed. Funds
      Reuters  -  335 words
    • 795 22 Bel ief that major threats have receded fuels remarkable run-up NYT [NEW YORK] Americans appear to be falling in love with stocks again. After millions of people all but abandoned the market after the 2008 financial crisis, individual investors are pouring more money than
      NYT; PHOTO: BLOOMBERG  -  795 words
    • 818 22 Icahn, Ackman were called by CNBC for a debate on Herbalife NYT [NEW YORK] For half an hour on Friday afternoon, the eyes of Wall Street were not on the usual fixations, such as the fiscal talks in Washington, or Apple’s earnings
      NYT; PHOTO: REUTERS  -  818 words
    • 392 22 Bloomberg [MELBOURNE] Tornadoes in Australia’s Queensland state felled trees and power lines as ex-tropical cyclone Oswald dumped heavy rain and moved towards New South Wales, bringing damaging winds and possible flooding. The weather system is centred about 345km northwest of Brisbane and projected
      Bloomberg  -  392 words
  • Page 20 Advertisements
    • 1042 20 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices THE BVI BUSINESS COMPANIES ACT, 2004 Beagan Asia Pte Limited Company No. *****60 (the "Company") a BVI Business Company NOTICE OF LIQUIDATOR'S APPOINTMENT NOTICE IS HEREBY GIVEN pursuant to section 204 (1) (b) of the BVl Business Companies Act, 2004 that Chong
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    • 104 20 THE BVI BUSINESS COMPANIES ACT, 2004 Horseferry Financial Corporation Company No. *****02 (the "Company") a BVI Business Company NOTICE OF LIQUIDATOR'S APPOINTMENT NOTICE IS HEREBY GIVEN pursuant to section 204 (1) (b) of the BVl Business Companies Act, 2004 that Chong Weiyi of 1 Raffles Place, #28-02 Tower 1, Singapore
      104 words
    • 19 20 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices ICLA/FEB1 1/g
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  • Page 21 Advertisements
    • 103 21 Confidence to expand That’s what participants in international commerce can achieve when they’re smart about managing risk. And smart managers work with CME Group, the world’s leading derivatives marketplace. Companies deing business around the world partner with us to manage virtually every kind of risk. Changing currency valuations, energy costs,
      103 words

  • Page 22 Advertisements
    • 35 22 THE BIG MOVE: Our Fengshui practitioner tells why the correct date is important JS Download the STProperty App for iPhone, iPad Android now! At STProperty, your ideal property isn’t hard to find. STProperty.SG STPropertySG STPROPERTY.se
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    • 144 22 Wine. Dine Hospitality Highlights i. CELEBRATE LUNAR NEW YEAR AT CONRAD I t here Culinary Censures Abound. An abundance of exquisite festive culinary treasures await to fill your Lunar New Year with prosperity and good fortune at Conrad Centennial Singapore! Gather with family and friends at popular Golden Peony for
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  • FOCUS: WORLD ECONOMIC FORUM
    • 600 23 While the worst of the crisis seems over there is still much to be done, say leaders AFP [DAVOS, Switzerland] The world’s political and business elite headed home yesterday from this year’s Davos forum with warnings that while the worst of the financial crisis seems
      AFP; PHOTO: AFP  -  600 words
    • 220 23 AFP [DAVOS] Billionaire financier George Soros told the Davos forum that financial markets were still poorly understood despite moves to limit more complex products after the crisis. Mr Soros said that the established theory of how markets functioned “had collapsed”. “The unfortunate fact is that...
      AFP  -  220 words
    • 531 23 Its current account deficit expected to narrow Bloomberg [DAVOS] The deputy governor of China’s central bank signalled that he is comfortable with the yuan’s exchange rate and urged Group of 20 nations to improve collaboration if so-called currency wars
      Bloomberg  -  531 words
    • 352 23 AP [DAVOS, Switzerland] A top international finance official warned banks to be cautious about the prices of investments that have gone up sharply because of current low interest rates. Jaime Caruana, the general manager of the Bank for International Settlements, says the low interest
      AP  -  352 words
  • Page 23 Advertisements
    • 373 23 HONORING THE BEST IN LOCAL ENTERPRISES Cs r- I f '7 t Mr Dennis Lee I Mr P. Boobalan Coolasia Technology I Eastern Ghats International Pte Ltd I Pte Ltd Ms Elizabeth Hsu Brightime by Champion Time Dr Dylan Chau Celevenus Wellness Aesthetic Clinic Mr Lim Ming Liang Ameba r
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  • AVIATION/SHIPPING
    • 662 24  -  Australian regulator may not make final ruling but release a Statement of Issue By VEN SREENIVASAN [SINGAPORE] The Australian competition regulators will make a pronouncement on Virgin Australia’s (VA) planned takeover of Tiger Australia on Feb 7. But the Australian Competition
      PHOTO: REUTERS  -  662 words
    • 496 24 NYT [NEW YORK] The prospect of a prolonged grounding of Boeing’s new 787 jet is posing a logistical and financial challenge for several airlines, which have cancelled more than 1,000 flights in the 10 days since the plane was grounded worldwide. Aviation analysts said
      NYT  -  496 words
    • 499 24 Reuters [NEW YORK] US Airways Group Inc and American Airlines parent AMR Corp are in the final stages of negotiating a merger, with the final price and management structure still to be resolved, four people familiar with the matter said. The two
      Reuters; PHOTO: AFP  -  499 words
    • 233 24 SGX '000 Jan 25 S$ +/-Vol CH Offshore 0.52 0.02 1584 Chuan Hup Hldg 0.32 0.03 ***** Cosco Corp 0.96 -0.01 4827 S$ First Ship Lea 0.13 unch 1347 Freight Links 0.07 unch 7370 Grand Banks............unch unch 0 Jaya Hold Ltd K1Ventures 0.15 unch 1159 Keppel Corp 11.45
      233 words
    • 374 24 Bloomberg [MELBOURNE] Coal export ports on Australia’s eastern coast closed as ex-tropical cyclone Oswald dumped heavy rain on Queensland and moved south towards New South Wales, prompting emergency services to issue flood warnings. Heavy rain that may lead to flooding is
      Bloomberg  -  374 words
  • Page 24 Advertisements
  • Page 24 Miscellaneous
    • 358 24 CRYPTIC CROSSWORD Across 1 Brown, for example, is strangely typical a bit not quite all there (10) 6 Women chatter, with no time for ramble (4) 9 Lunch today for unfriendly old gaoler with no name? (4,6) 10 Road back north is a bore (4) 12 Medicine ball (4) 13
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  • DINING OUT
    • 687 25  -  NEW RESTAURANT By Jaime Ee Crystal Jade Pristine #03-06 Scotts Square 6 Scotts Road Tel: 6636-1836 Open daily: 11.30 am to 3.30pm; 6pm to 10.30pm IT’S that time of year when the clarion call to eat healthily after a period of excessive feasting gets extra loud
      PHOTOS: CRYSTAL JADE PRISTINE  -  687 words
    • 584 25  -  NEW RESTAURANT By Jaime Ee Ito Kacho Yakiniku 333A Orchard Road #04-08/09 Mandarin Gallery Tel: *****111 Open Mon- Fri: 11am to 2pm; 6pm to 11pm; Weekends: all day from 11am IF there’s one thing to be said about Japanese food, it would be that the likes
      PHOTOS: JAIME EE  -  584 words
  • Page 25 Advertisements
    • 40 25 POWER UP YOUR INVESTMENT L KNOWLEDGE Whether you are selling, buying or investing in property, we will empower you with the knowledge and insights to make an informed decision. BTINVEST.COM.SG>, PROPERTY I MARKETS I WEALTH I INSURANCE I PERSONAL FINANCE
      40 words

  • SINGAPORE STOCKS
    • 3574 26 Week ended: Jan 25 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol 11 6.6 AEM --AAT High Low Buyer Seller 159.5 98.5 AIMSAMPIReit 158 +0.5 2622 158.5 155 157.5
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    • 308 27 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 4.6 1.3 t Advanced System 1.7 unch ***** 1.8 1.7 1.7 1.8 25.3 Week Last Quote Div Gr Yld Net M Cap High
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    • 117 27 Stock name Close Change CapMallsAsia 2.140 CapitaLand 3.980 +0.040 CapitaMall 2.120 -0.010 CityDev 11.30 +0.040 ComfortDelGro 1.880 +0.005 DBS Grp 14.72 +0.080 F&N 9.550 GLP 2.730 +0.010 Genting SP 1.450 +0.010 Golden Agri 0.630 +0.005 Stock name Close Change HK Land 8.080 +0.060 IHH Healthcare 1.355
      117 words
    • 1989 27 Transaction date: Jan 25 HONG KONG Vol HK$ +/-'000 Aeon Credit Vol Aeon Stores 21.40 -0.10 813 Angang Steel 6.06 -0.12 9156 Anhui Conch Anhuiexpresswa 4.85 unch 1076 Asia Satellite 28.40 0.15 41 Asm Pacific -0.10 Bank Of E Asia 31.80 -0.15 2036 Beida Jade Bir 6.06 Beijing
      1,989 words
    • 272 27 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 25.5 AVJennings A49 +15 86 50 36 39 49 3.6 7.1 3.9 127.6 43.5 30 Genting HK US$ US42 +1.5 ***** 43.5 41 41.5 42 2765.5
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    • 186 27 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 6 2 0 0 0 10 6 2 Manufacturing 80 80 37 8 14 13 88 94 50 Commerce 45 23 12 7 6 6 52 29 18 Tpt/Stor/Comms 21 20 7
      186 words
    • 1041 27 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 118.6 -0.4 30 120 118.6 118.6 119 541.4 134.1 120.4 CIMB APAC Div 100S$D 134.1 134.4 135.4 111.7 95.8 CIMB
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    • 123 27 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 106,364 106,364 312,776 312,776 Manufacturing 3,084,673 2,713,568 5,798,241 3,023,813 25,297 3,049,110 Commerce 1,401,704 117,377 1,519,081 641,698 6,784 648,482 Tpt/Stor/Comms 710,957 75,452 786,409 931,179 24,672 955,851 Finance 468,161 2,286 470,447 950,984 956 951,940 Construction 2,378,099 2,126,422
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  • Page 27 Advertisements
    • 26 27 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
    • 617 28 Jan 25 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.30 *****.65 *****.95 Mar13 *****.00 *****.00 *****.00 *****.00 *****9 *****0 Jun13 *****.00 *****.00 *****.00 *****.00 21 2748 MSCI TAIWAN INDEX FUTURES SPOT 275.71 276.18 273.61 Jan13 275.70 277.00 272.90 274.70 ***** *****9 Feb13 275.30
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    • 373 28 In local curr In S$ In US$ dy yr dy yr dy yr Jan 25 Index Change Change Change Change Change Change World Preliminary 988.3 0.5 5.3 1.0 5.9 0.5 4.8 EAFE Preliminary 818.8 0.8 5.7 1.4 5.8 0.9 4.7 Europe Preliminary 1213.7 0.4 5.8
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    • 103 28 As on 25 January 2013 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT FEB2013 1671.50 1656.30 1656.40 INDIA GOLD (E-GOLD) FUT FEB2013 565.65 562.40 564.90 INDIA GOLD (E-GOLD) FUT APR2013 570.85 567.40 575.35 CURRENCY EUR-USD FUT MAR2013 1.3449 1.3357 1.3465 BASE METAL COPPER FUT MAR2013
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    • 107 28 Jan 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 13 1441.00 1435.25 1445.00 1426.00 May 13 1426.00 1423.75 1431.75 1412.75 Jul 13 1417.75 1417.50 1424.25 1405.25 Aug 13 1391.00 1392.50 1397.50 1381.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 13 52.10
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    • 70 28 CRUDE OIL PRODUCTS Jan 24 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 113.72 0.93 WTI (Near Mth) 95.22 0.37 Dubai (1-Mth F) 108.16 0.26 Tapis blend 119.13 1.02 Minas 115.23 0.52 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107.89 0.06 Jet Kerosene 129.1 0.15 US$/barrel OpecOil Basket
      70 words
    • 24 28 Jan 25 S$ Bid Offer 1-month 1.2298 1.2301 2-months 1.2298 1.2301 3-months 1.2298 1.2301 6-months 1.2297 1.2300 Source: OCBC Source: OCBC
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    • 65 28 Jan 25 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2011.00 2041.00 3 months 2046.00 2076.00 Copper, Grade A(US$/tonne) Cash 7997.75 8064.50 3 months 8030.00 8095.50 Lead(US$/tonne) Cash 2345.25 2396.00 3 months 2355.00 2403.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • 79 28 Jan 25 COCOA (£/tonne) Close Prev High/Low Mar 13 1417 1438 1443/1413 May 13 1427 1446 1452/1425 Jul 13 1437 1455 1461/1435 Sep 13 1446 1463 1470/1443 COFFEE(US$/tonne) Close Prev High/Low Jan 13 1987 1996 1991/1983 Mar 13 1959 1946 1962/1928 May 13 1979 1962 1984/1945 Jul 13 1994
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    • 1063 28 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 Conv AlliedTech W*****2 Exer Asiatravel.com HoldingsW*****7 5.5 1.3 380 1 25 18 Asiatravel.com HoldingsW*****5 5.5 0.9 630 1 27 42 BakerTech W*****5 10.8 0.5 1640 1 27 8
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    • 470 28 Jan 25 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.049 6.505 0.780 8.109 56.112 101.176 0.947 11.235 3.186 1.249 102.222 42.531 1.286 9.432 0.971 30.494 31.263 0.662 1.046 Canada 0.953 6.200
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    • 66 28 Jan 25 (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$) 0.***** 2 mths 0.***** 3 mths 6 mths 6 mths 0.***** 12 mths 0.***** SWAP Mid rates
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    • 135 28 Jan 25 GOLD(US$/oz) Jan 24 Jan 25 Hong Kong 1688.00 1681.20 Jan 25 Jan 24 London 1661.99 1674.36 1663.21 1675.13 Source: Thomson Reuters CAST BAR Jan 25 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 148 66 5gm 421 330 10gm 753 661
      135 words
    • 90 28 Jan 25 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 0.26 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-14 101.83 5-Year N*****0Z 2.375 01-Apr-17 108.37
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    • 57 28 Jan 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 13 2377.0 2410.0 2383.0 2370.0 263 6176 Mar 13 2430.0 2453.0 2436.0 2409.0 4896 ***** Apr 13 2462.0 2481.0 2467.0 2442.0 ***** ***** May 13 2486.0 2508.0
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    • 154 28 Jan 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2858 1.2865 1.0456 1.0459 Canadian dollar 1.2255 1.2263 0.9970 0.9966 Euro 1.6490 1.6498 1.3410 1.3413 NZ dollar 1.0294 1.0301 0.8371 0.8375 Sterling pound 1.9416 1.9425 1.5789 1.5793
      154 words
    • 121 28 As at 9am Jan 25 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.316 1.254 Can dollar 1.256 1.197 Euro 1.685 1.605 Sterling pound 1.980 1.904 NZ dollar 1.064 1.004 US dollar 1.255 1.196 Local dollars to 100 units of foreign
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    • 157 28 Jan 25 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ 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
      157 words

  • 2832 29 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
    2,832 words
  • Page 29 Advertisements
    • 40 29 TO ADVERTISE. CALI IOE WONG AT 9620 1327 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
      40 words
    • 18 29 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • Page 30 Advertisements
    • 150 30 Importers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 M the business times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT
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    • 11 30 TO ADVERTISE IN The Business Times Shipping times CALL JOE WONG
      11 words


  • BizIT THE USINESS OF INFOCOMM TECHNOLOGY
    • 760 32  -  Specialists say firms need to decide how best to maximise rechannelled funding, reports VICTORIA HO IN recent years, companies have had to divide their marketing budgets between traditional and digital media. Experts are saying, however, that the digital budget is being
      PHOTO: ADOBE  -  760 words
    • 417 32 AFP [NEW YORK] BlackBerry maker Research in Motion begins its comeback bid on Wednesday with a new platform launch in a make-or-break move for a firm that is rapidly sinking in the smartphone market it once dominated. The Canada-based company unveils its
      AFP  -  417 words
    • 908 31  -  It opened Singapore office this month, plans to move its Asia-Pac HQ here By AMIT ROY CHOUDHURY [SINGAPORE] There’s a new kid on the block in the storage industry, which is dominated by heavyweights like EMC, HDS (Hitachi Data
      PHOTO: NIMBLE STORAGE  -  908 words
    • 1134 31  -  <we say> CHRISTOPHER LIM Correspondent ENEMIES often have more in common than they realise. The decades-long rivalry between Microsoft Windows and Apple Mac OSX makes many assume that the operating systems are philosophically as different as their positions in the market. This impression has been
      1,134 words
    • 429 31  -  By VICTORIA HO [SINGAPORE] US big data analytics firm Guavus has decided to set up its Asia-Pacific headquarters in Singapore, after acquiring Mon-treal-based Neuralitic Systems. The acquisition of the mobile-fo-cused analytics company was completed late last week. Guavus’ global headquarters remains in California,
      429 words
    • 1017 31  -  By LOO PO LI [SINGAPORE] Companies, both large and small, are facing an IT talent crunch in Singapore, because of the shortage and high turnover rate of those with niche skills. They are, however, employing creative ways to overcome this
      FILE PHOTO  -  1,017 words
  • Page 32 Advertisements
    • 217 32 il PH m k > 4 m y*V |(!i "s-ij S S r j?rr J< ;5 J. ■j^hvV 1 ;x> k V kx> kX> X v kX> vv »x I XX X h <k> ’i i” j r -u ;i i? P jL XX X xxx lie* i :•>. vj
      217 words