The Business Times, 4 February 2013
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2013-02-04
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The Business Times
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Title Section25 2013-02-04 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Monday, February 4, 201325 words
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Article, Illustration802 2013-02-04 1 KENNETH LIM - Reporting on per-trade basis poses issues for institutions and high-velocity traders By KENNETH LIM [SINGAPORE] The coming short-selling reporting requirements on the Singapore Exchange (SGX) could pose qualitative and operational challenges when they take effect in March, complicating the expected benefits of greater transparency,PHOTO: BLOOMBERG - 802 words
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MARKETS DIGEST
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Article57 2013-02-04 1 Weekly Change ST INDEX 3,291.14 +21.83 KL COMP 1,627.55 -9.58 NIKKEI 225 11,191.34 +264.69 HANG SENG 23,721.84 +141.41 SET INDEX 1,499.22 +37.81 JAKARTA COMP 4,481.63 +44.03 MANILA COMP 6,318.61 +150.97 SEOUL COMP 1,957.79 +11.1 SHENZHEN B 870.14 +38.56 MUMBAI IND 19,781.19 -322.34 DOW 14,009.79 +113.81 NASDAQ 3,179.10 +29.39 S&P57 words
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Article20 2013-02-04 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA BRITAIN TAIWAN US JAPAN CANADA KOREA 9.33 BRITAIN Source: Bloomberg20 words
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Article49 2013-02-04 1 US$ S$ US$ (S$ per US$) 1.242 (US$/S$ per 1.586 1.969 EURO (US$/S$/E) 1.362 1.691 Foreign currency per US$ S$ YEN 92.10 74.20 RM 3.107 2.502 HK$ 7.757 6.247 BAHT 29.81 24.01 RUPIAH 9,750 7,853 RENMINBI 6.225 5.013 INDIAN RUPEE 53.30 42.93 A$ 0.961 0.774 NZ$ 1.187 0.95649 words
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Article, Illustration967 2013-02-04 1 ANDREA SOH - By ANDREA SOH [SINGAPORE] Gold has long been the darling of Asian investors. But its lesser cousin silver may now be coming into its own as an investment asset. Demand for physical silver has rocketed in the past few months, propelled by repeated “quantitativePHOTO: BLOOMBERG - 967 words
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Advertisement88 2013-02-04 1 DINING OUT Where the food comes second PAGE 25 YOUNG INVESTORS’ FORUM Three steps to a balanced budget PAGE 11 VIEWS FROM THE TOP The family way PAGES 12 13 BizIT Smartphone champs facing new challengers PAGE 31 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal finance stories,88 words
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TOP STORIES
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Article582 2013-02-04 2 Challenges seen in new short-selling rules THE coming short-selling reporting requirements of the Singapore Exchange could pose qualitative and operational challenges when they take effect in March, complicating the expected benefits of greater transparency, market stakeholders have said. Starting March 11, brokers who enter a “sell” order on582 words
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Article, Illustration902 2013-02-04 2 ROB CURRAN - Retail sales reports this week will show if market’s animal spirits justified WALL STREET INSIGHT By ROB CURRAN THE US stock market finished near its all-time high last week, after the biggest January rally since 1997. Bulls and bears remain divided onPHOTO: AFP - 902 words
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Article, Illustration738 2013-02-04 2 ANDREA SOH - By ANDREA SOH [SINGAPORE] It took a journey halfway around the world to discover a place where he could be confident of his future. Now, Gregor Gregersen makes his living betting against what precipitated that journey in thePHOTO: ARTHUR LEE - 738 words
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Article, Illustration842 2013-02-04 4 FELDA CHAY - The 6.9m population number helps in infrastructure planning: Iswaran By FELDA CHAY [SINGAPORE] The 6.9 million figure in the White Paper on population is not a government target but the “upper bound” of a projection range that Singapore should start preparing for. SpeakingPHOTO: AFP - 842 words
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Article, Illustration539 2013-02-04 4 SIOW LI SEN - By SIOW LI SEN [SINGAPORE] The obsession with property remains strong among the rich. “Everyone’s asking about property and gold,” said Pranay Gupta, chief investment officer for Swiss boutique private bank Lombard Odier Darier Hentsch (Asia) Ltd. At recent investment talks in Hong Kong539 words
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Article, Illustration725 2013-02-04 4 Jan recovery helped by gains in retailing and construction Bloomberg [BEIJING] China’s services industries expanded at the fastest pace since August as gains in retailing and construction aid a recovery in the world’s second-big-gest economy. The non-manufacturing Purchasing Managers’ Index (PMI) rose to 56.2 inBloomberg; FILE PHOTO - 725 words
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Advertisement102 2013-02-04 2 Work flat out, seven days a week. From 2 February, fly to Brisbane and Abu Dhabi daily, with Etihad. Enjoy a guaranteed fully-flal bed as well as your own dedicated Food and Beverage Manager in Pearl Business Class. And on the ground, our hospitality extends to the complimentary Etihad Chauffeur102 words
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Advertisement61 2013-02-04 3 SPRINGBOARDS CEOS, GOVERNMENT LEADERS, AND BUSINESS TYCOONS. NOTED SURGEONS, LEADING LITIGATORS, AND HIGH-FLYING FINANCE PROFESSIONALS. TAXI DRIVERS, FOOD STALL OWNERS, AND SECURITY GUARDS. TEACHERS AND PRINCIPALS OF GOVERNMENT SCHOOLS, TEACHERS FROM EVEN OTHER ENRICHMENT CENTERS. PARENT DEMOGRAPHICS CAN SPEAK VOLUMES. WITH THE FUTURE AT STAKE, WHAT'S THE SPRINGBOARD TO SUCCESS61 words
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Advertisement100 2013-02-04 4 14 of the world’s top 15 major banks trust OpenText Few organizations understand the challenges of managing vast volumes of information like global financial institutions. It’s no surprise the leaders depend on OpenText Enterprise Information Management (EIM) solutions. ENTERPRISE CONTENT MANAGEMENT BUSINESS PROCESS MANAGEMENT CUSTOMER EXPERIENCE MANAGEMENT INFORMATION EXCHANGE DISCOVERY100 words
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Advertisement92 2013-02-04 5 ©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, Li92 words
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SINGAPORE MARKETS
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Article, Illustration745 2013-02-04 6 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent ONE question that stock market players must be asking themselves is: When will the party end? Or rather, perhaps, what might cause the party to end? The most obvious answer, of course, is that all the money printing fails745 words
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468 2013-02-04 6 CURRENCIES Bloomberg [NEW YORK] The euro last week touched the highest level against the US dollar in 14 months as the European Central Bank’s (ECB) balance sheet contracted while the Federal Reserve said it would continue pumping money into theBloomberg - 468 words
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Article1554 2013-02-04 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.50 2.00 2 8.90 17.81 1.59 1.59 Amtek Engineering Ltd 3.00 3.00 5 0.05 9.10 0.61 0.58 ARA Asset Management 1.57 1.431,554 words
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478 2013-02-04 6 COMMODITIES AFP [LONDON] Crude oil prices spiked to four-month peaks last week, energised by the weak dollar, mostly upbeat global economic data and Middle East tensions particularly in Syria, while other commodities mainly rose. A weak greenback tends to stimulate demand for dollar-priced commodities, whichAFP - 478 words
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Article73 2013-02-04 6 Feb 1 VALUE CLOSE BT OB/OS 555.00 -98.00 BT CADI -*****.00 +53.00 BT 10-day MA -*****.00 +56.00 FTSE ST Mid Cap 810.78 +2.05 FTSE ST Small Cap 570.21 +0.11 FTSE ST All Share 809.97 +1.98 FTSE ST China Top 232.62 +1.10 FTSE ST China 266.09 +1.81 FTSE73 words
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Article54 2013-02-04 6 VOLUME IPCO Intl 1,874,755,000 MDR 1,274,592,000 YHM 981,962,000 Oceanus 751,176,000 ElektromotiW*****0 588,383,000 Ntegrator 563,033,000 Innopac 525,625,000 ICP 460,830,000 MDR W*****5 390,632,000 Thai Beverage 385,264,000 VALUE($) Genting SP 457,072,663 UOB 412,096,375 DBS Grp 324,649,979 SingTel 314,700,305 F&N 293,840,820 GLP 231,709,752 Wilmar 223,165,385 Keppel Corp 210,292,055 Thai Beverage 196,436,31554 words
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Article118 2013-02-04 6 BY CENTS CLOSE UP Lyxor Indonesia10US$ 9750 252.0 2.1 IS S&P500 ***** 227.2 1.2 Hyflux 6% CPS 10 ***** 210.0 2.0 DBXT AUDCS 5AU$ ***** 164.0 0.6 DBXT AUDCS 5US$ ***** 119.2 0.4 Great Eastern 1790 110.0 6.5 Lyxor US DJIA 10 US$ 1413 96.8 5.8 DBXT FTVietnam 10US$118 words
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Article119 2013-02-04 6 BY CENTS CLOSE DOWN DBXT iBoxxKR 5US$ ***** -497.9 -2.7 JMH 6441 -185.0 -2.3 Jardine C&C 5080 -145.0 -2.8 JSH 3798 -101.8 -2.1 GLD 10US$ ***** -57.1 -0.3 DBXT iBoxxSing 5SG$ ***** -51.0 -0.4 DBXT AUD Bonds 5AU$ ***** -50.4 -0.2 DBXT MSMSIA 10US$ 1362 -29.8 -1.7 DBXT S&P119 words
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COMPANY NEWS
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756 2013-02-04 7 SIOW LI SEN - Combined full-year net earnings seen surging past $10b due to one-off sales By SIOW LI SEN THE three local banks are expected to report double-digit earnings growth for the last quarter of 2012, with their combined full-year net profit zipping past a whopping756 words
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384 2013-02-04 7 VEN SREENIVASAN - By VEN SREENIVASAN A SURGE of interest in impending new listee Overseas Education Ltd (OEL) has also lifted the stock of another listed education player, Raffles Education. Raffles Education started stirring last week, gaining some 10 per cent to hit a fourmonth384 words
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Article73 2013-02-04 7 COMPANY MUTING PLACE DATE TIME OifiM MeWWams E Pen PadHt Smcrapoie Ocean 1 level 7 Raffle* aouievard Marina Square 06-Feb 10.00am Mctax EogirtEanna E 28 Third Lok Vang Road 06-Feb 0.00am FDS Networks S 25 International Business Park Sth floor Seminal Room German Centre IfliFeb 3.30pm Htoldmgi E73 words
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360 2013-02-04 7 ROWSLEY Ltd has sealed the two deals it needed to transform into a property player, a move that comes after it made known in December last year plans to acquire RSP Architects Planners Engineers and a 9.23-hectare plot of land in Iskandar in360 words
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337 2013-02-04 7 VEN SREENIVASAN - By VEN SREENIVASAN IN an effort to broaden its business footprint and ensure steady earnings flow, mobile phone distributor MDr is buying up two privately held companies one each in Malaysia and Hong Kong/China. To capture the downstream segment of the mobile phone business, MDr337 words
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Article1676 2013-02-04 8 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd UYING was low for the second straight week with only five companies recording nine purchases worth $604,000 for the Jan 28-Feb 1 week. The figures were sharply down from the previous week’s eight1,676 words
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Article973 2013-02-04 8 Payment Ex Rec Pay Ann (cts) date date date date AIMS AMP Capital Ind REIT ag 2.580 07-Feb 13-Feb 19-Mar 31-Jan 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-Feb973 words
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Advertisement73 2013-02-04 7 Chartered Standard 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 lifeblood of the local73 words
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Advertisement611 2013-02-04 8 (a business trust constituted on 25 February 2011 under the laws of the Republic of Singapore and managed by Hutchison Port Holdings Management Pte. Limited) NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Hutchison Port Holdings Trust (“HPH611 words
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Advertisement98 2013-02-04 8 STYLISH LIVING MADE EASY JUST A CLICK AWAY homeanddecor.com.sg An interactive, style-driven interior design website for homeowners and decor enthusiasts. homes mood board Store your renovation ideas online, and share them via social networks. Draw inspiration from over 2,400 pictures of real homes 'S: L 1 •V m o: ii:98 words
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Advertisement168 2013-02-04 9 HALCYON AGRI CORPORATION LIMITED (Company Registration No.: *****4595D) (Incorporated in the Republic of Singapore on 7 April 2005) Initial Public Offering on the SGX-ST Catalist 1 February 2013 S$21,960,000 61,000,000 Shares Placement price: S$0.36 per share ThankYou. to all our shareholders, investors, customers, suppliers and staff who have made our168 words
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SINGAPORE NEWS
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Article, Illustration983 2013-02-04 10 ANDREA SOH - Company says more info on packaging is likely to help people make their choices By ANDREA SOH THE battle against the bulge may have just begun in Singapore, but the way it will shape up here could be radically different from983 words
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Article265 2013-02-04 10 Feb 1 BANKS Agricultural Bank Of China 5.50 Bangkok Bank Public Co. Ltd ...5, Bank of China Limited 5.50 Bank of Communications ...5, .50 Bangkok Bank Public Co. Ltd ...6, Bank of Tokyo-Mitsubishi Bank of China Limited Banque Internationale a ,50 Bank of Communications BNP Paribas ,50265 words
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Advertisement72 2013-02-04 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 reliable72 words
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Advertisement26 2013-02-04 10 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@isph.com.sg. S WATS26 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1447 2013-02-04 11 CAI HAOXIANG - To get started on financial planning, one has to identify what one needs, what one has, and make a plan, says CAI HAOXIANG SINGAPORE’S annual Budget Day is coming up on Feb 25. The Minster of Finance will address Parliament on how the government1,447 words
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Article, Illustration967 2013-02-04 11 CAI HAOXIANG - MONDAY MULTIPLE CAI HAOXIANG Reporter WHEN I tell people about my habit of recording all my expenses, one question that pops up is: “You record how much you paid for your drink, too?” hy bother, indeed? Drinks cost anywhere from around967 words
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Advertisement156 2013-02-04 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 to156 words
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VIEWS FROM THE TOP
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Article, Illustration3703 2013-02-04 12 THIS WEEK’S TOPIC Will the new marriage and parenthood incentive package have its desired effect, or does more need to be done? What is the likely impact on businesses and the economy generally? Hugues Delcourt Country Executive, ABN Amro Bank NV Singapore; and Chief Executive Officer ofST FILE PHOTO - 3,703 words
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Advertisement48 2013-02-04 13 t i K m CV V > ,r>A' vr. E v' iS y> 'N A 5V \rui/* m V 4 w ::s m Japanese foods Your qualify time. J ’■tosi r A m i i /a kt. r %r» i/ MAFF Ministry of Agriculture Forestry and Fisheries 4 Sm-M'48 words
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Advertisement11 2013-02-04 13 A full list of views from CEOs is available at http://businesstimes.com.sg11 words
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MALAYSIA/INDONESIA
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Article, Illustration740 2013-02-04 14 Total transactions came to RM106b, 63.7% in residential sub-segment [PETALING JAYA] Total property transactions in Malaysia held firm last year despite the market taking a breather during the year. Malaysian daily The Star reported that total property transactions came to RM106 billionFILE PHOTO - 740 words
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Article, Illustration306 2013-02-04 14 AFP [KUALA LUMPUR] South Korea’s Psy will perform his famous Gangnam Style dance at an event organised by Malaysia’s ruling coalition, an official said yesterday, as the bloc tries to attract young voters ahead of polls. Psy will perform the hit, which madeAFP - 306 words
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669 2013-02-04 14 Move to curb mining and palm expansion, restrict land disputes Reu ters [JAKARTA] Indonesia’s province of East Kalimantan has imposed a one-year ban on forest destruction, a governor on the island of Borneo said, citing the need to curb mining and palm oilReuters - 669 words
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Article1482 2013-02-04 14 VOL Jan 31 RM +/-(‘000) Abric Bhd (‘000) Advance Synerg 0.14 -0.01 837 Adventa Bhd 0.02 Ae Multi Hldgs 0.26 0.01 345 Affin Holdings 3.29 -0.01 1181 Ahmad Zaki Res ..........0.67 unch 138 Airasia Bhd Advance Synerg Alliance Finan -0.01 Aluminium Co 0.68 unch 16 Amalgamated In 0.301,482 words
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Advertisement31 2013-02-04 14 KISS92^ All the great songs in one place r k/SS92 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@kiss92fm31 words
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Advertisement5 2013-02-04 14 www.omy.sg 1 B7 ffi«! eat.omy.sg5 words
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GREATER CHINA/INDIA
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Article, Illustration797 2013-02-04 15 Finance minister’s proposed cuts aim to reduce spending by 1.1 tr rupees Reuters [NEW DELHI] India’s finance minister is putting welfare, defence and road projects on the chopping block in a last-ditch attempt to hit a tough fiscal deficit target by March, riskingReuters; PHOTO: BLOOMBERG - 797 words
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597 2013-02-04 15 From restaurants to malls to melons, they are everywhere Xinhua [BEIJING] Zhang Xiaoning whips out her smartphone in front of a landscape print in the National Art Museum of China. But she doesn’t want to take a picture instead, she usesXinhua - 597 words
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598 2013-02-04 15 Eveready augmenting its mobile energy solutions beyond cells, flashlights Bloomberg [KOLKATA] Eveready Industries India Ltd, the country’s biggest maker of batteries, plans to step up imports of Chinese products to meet demand for portable power systems as it seeks to reverse theBloomberg - 598 words
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715 2013-02-04 15 Bloomberg [MUMBAI] The first monthly drop in bonds of Tata Motors Ltd’s UK unit since last May is a buying opportunity as India’s biggest automaker develops less expensive cars for China, Invesco Ltd and Twentyfour Asset Management LLP say. Jaguar Land Rover Plc’sBloomberg - 715 words
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Advertisement125 2013-02-04 15 DIGITAL MEDIA MARKETING THE NEW DATA PROTECTION LAW 28 February 2013, Singapore Intensive seminar on how to tap the full potential of digital media marketing while at the same time understanding how to mitigate an organisation's risk and exposure. The new personal data protection laws impact data collection, social media125 words
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Advertisement50 2013-02-04 15 NATIONAL ARTS COUNCIL SINGAPORE PATRON OFTHEARTS Join the ranks of esteemed individuals and leading organisations that will be recognised at Singapore's most prestigious arts awards Patron of the Arts Awards 2013 Do not miss this opportunity to celebrate your valuable contributions to the arts in Singapore. For nominations, visit www.nac.gov.sg/PatronOfTheArts50 words
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ECONOMY WATCH
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690 2013-02-04 16 It urges govt to address inaccuracy of inflation and growth figures by Sept 29; govt calls censure baseless Bloom berg [WASHINGTON] Argentina became the first country to be censured by the International Monetary Fund (IMF) for not providing accurate data on inflation and economicBloomberg - 690 words
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Article, Illustration689 2013-02-04 16 AFP [SEOUL] A surging won and waning yen are eroding the bottom lines of South Korea’s export powerhouses which are feeling the pinch after years of gobbling up global market share from their Japanese rivals. The South Korean currency hasAFP; PHOTO: AFP - 689 words
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Article, Illustration916 2013-02-04 16 NYT [WASHINGTON] In the five months since the Federal Reserve started a campaign to increase growth and reduce unemployment, the United States’ economy has slowed and unemployment has increased. The Labour Department said on Friday that the unemployment rate rose toNYT - 916 words
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456 2013-02-04 16 New US immigration reform bill may include more visas for high-skilled workers Reuters [WASHINGTON] The United States will face pressure to open its borders to more foreign workers in the service industry in talks slated to start later this year,Reuters - 456 words
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Advertisement115 2013-02-04 17 HSDV Logistics. Imagination. Hi •m |l H U iri Congratulations to SDV on the Grand Opening of SDV Green Hub First Green Mark Platinum warehouse in Singapore Largest LEED Gold logistics hub in Asia 0 Thermal insulated building orientation and design 0 Energy efficient systems 0 Sustainable worksite through water115 words
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WORLD
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683 2013-02-04 18 European court says taxpayers don’t have to pay for bankers’ mistakes AFP [REYKJAVIK] In a move that stunned financial observers, a European court has sided with Iceland over its controversial stance that taxpayers don’t have to pay for bankers’ mistakes. In aAFP - 683 words
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Article, Illustration50 2013-02-04 18 [LONDON] Visitors viewing ‘Ecce homo (La descente de croix) from 1949 by Paul Delvaux at Christie’s here last Friday. The artwork is expected to sell for £650,000-850,000 (S$1.26-1.65m) when it is auctioned at Christie’s The Art of the Surreal Evening Sale this Wednesday.PHOTO: REUTERS PHOTO: REUTERSPHOTO: REUTERS - 50 words
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Article, Illustration715 2013-02-04 18 AFP [LONDON] It’s a riddle faced by cash-strapped governments the world over how can people be persuaded to make decisions that leave them healthier and happier, while saving taxpayers’ money at the same time? In Britain, Prime Minister David Cameron has set up aAFP; PHOTO: AFP - 715 words
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Article, Illustration621 2013-02-04 18 AP [KIM SON, Vietnam] Faced with a group of farmers refusing to give up their land for a housing project, Communist Party officials negotiating the deal devised a solution they opened bank accounts in the names of the holdouts and deposited what theyAP; PHOTO: AP - 621 words
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617 2013-02-04 18 Italian lender lost 720m euros, reliant on state lifeline Reu ters [ROME] A plan by Italy’s central bank to use bonds to bail out the troubled Monte Paschi bank can go ahead, a court ruled on Saturday, as a scandal surrounding the world’sReuters - 617 words
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Article, Illustration952 2013-02-04 19 People in their early 60s have lost the most earning power of any age group NYT [NEW YORK] Young American graduates are in debt, out of work and on their parents’ couches. People in their 30s and 40s can’t afford to buyNYT; PHOTO: NYT - 952 words
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348 2013-02-04 19 Re uters [LONDON] Royal Bank of Scotland (RBS) faces the prospect of scrapping all bonuses for its investment bankers this year to free up cash to pay fines for its involvement in a global interest rate rigging scandal. The part-nationalised bank,Reuters - 348 words
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Article, Illustration699 2013-02-04 20 The richest get richer 100 wealthiest gain US$14b Fortune of Amazon founder Jeff Bezos down US$1.7b Bloomberg [NEW YORK] The 100 wealthiest people on the planet added US$14 billion to their collective net worth this week as the Standard Poor’s 500 Index delivered its strongest start to a year sinceBloomberg; PHOTO: THE NATION; PHOTOS: REUTERS, AFP, BLOOMBERG - 699 words
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Article, Illustration437 2013-02-04 20 Move comes just days after PM calls national election Reuters [PERTH] Australian Prime Minister Julia Gillard’s government was rocked by the surprise resignation of two of her most senior cabinet ministers on Saturday, just four days after she stunned voters by callingReuters; PHOTOS: AFP - 437 words
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Article, Illustration1025 2013-02-04 20 Sales of phones with its chips less than stellar so far Reuters [BANGKOK] Intel Corp, the world’s biggest chipmaker, opened a new front last week in a long and stuttering campaign to get its processors into mobile phones, althoughReuters; PHOTO: REUTERS - 1,025 words
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681 2013-02-04 21 Washington urged to pressure Beijing to rein in its digital warriors AFP [WASHINGTON] A string of cyberattacks on major US media outlets like the New York Times has intensified worries over Chinese hackers, who analysts say are probably linked to the secretiveAFP - 681 words
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Article, Illustration737 2013-02-04 21 NYT [BEIRUT] The scenes of chaos came in swift succession over the past week. In Egypt, angry crowds overran police stations and killed officers. In northern Syria, more than 90 bodies were pulled from a river, many bound and shot. IsraeliNYT; PHOTO: REUTERS - 737 words
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Article, Illustration562 2013-02-04 21 AFP [SYDNEY] Wild plants and meals of swamp wallaby, lizard, or wombat sustained Australia’s indigenous people for tens of thousands of years before British settlers brought a radical change of diet. But so-called “bush tucker” the local fruits, shoots and creatures thatAFP; PHOTO: AFP - 562 words
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382 2013-02-04 21 Bloomberg [LONDON] HSBC Holdings Plc’s US$7.4 billion sale of its stake in Ping An Insurance (Group) Co to Thai billionaire Dhanin Chearavanont has been cleared by regulators, helping Europe’s largest bank by market value revive earnings. Mr Dhanin’s Charoen Pokphand GroupBloomberg - 382 words
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689 2013-02-04 22 Dispute threatens to derail plans for long-term projects, says a source AFP [BRUSSELS] The European Union’s (EU) grand ambitions to meet the economic and technological challenges of the future look likely to come under threat at difficult talks this weekAFP - 689 words
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Article, Illustration711 2013-02-04 22 AFP [LONDON] Despite pledging to pay millions of pounds in extra tax in Britain, Starbucks faces a battle to restore its reputation over its fiscal stance, with analysts saying the offer is “too little too late”. With 760 Starbucks outlets dottingAFP; PHOTO: REUTERS - 711 words
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592 2013-02-04 22 The funds attracted US$65b in the first three weeks of Jan Bloomberg [BOSTON] Individual investors rushed into stocks and bonds in January, setting the stage for the biggest month on record for deposits into US mutual funds. Long-term funds, whichBloomberg - 592 words
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567 2013-02-04 22 Bloomberg [TOKYO] Japanese Finance Minister Taro Aso says the government is imitating his Depression-era predecessor, Korekiyo Takahashi, who told the Bank of Japan (BOJ) to underwrite government debt to fund deficit spending. “There is no one in the government, the bureaucracy or the BOJBloomberg - 567 words
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Article, Illustration365 2013-02-04 22 Bloomberg [NEW YORK] Credit Suisse Group AG bundled hundreds of mortgages into a single set of securities sold to investors in 2007 even after it had found flaws with the loans and asked the lenders to repurchase the debt, bond insurer MBIABloomberg; PHOTO: REUTERS - 365 words
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Advertisement109 2013-02-04 19 Confidence to grow That’s what agricultural producers can achieve when they’re smart about managing risk. And smart managers work with CME Group, the world’s leading derivatives marketplace. Farmers and ranchers around the world partner with us to help them manage every kind of risk. Crop prices, weather fluctuations, interest rate109 words
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Advertisement1310 2013-02-04 20 WATS NOTICES UNITED OVERSEAS BANK LIMITED Company Registration No. *****0026Z (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATES Notice is hereby given that the following share certificates have been reported lost, destroyed or mislaid: Name Certificate No. No. of Shares Lee Yee Fong *****72-3 1 x 112 -do- *****16-11,310 words
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Advertisement1287 2013-02-04 21 tt KAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices TRANSLATION EXPRESS (S) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF SPECIAL RESOLUTION Notice is hereby given that at an Extraordinary General Meeting of the company duly convened and held on 26 January 2013 the following special resolution was passed: 1.1,287 words
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Advertisement16 2013-02-04 22 Shi Yuzhu Warren Buffett of China Warren Buffett To subscribe, call 6388-3838 or go to sphsubscription.com.sg16 words
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Advertisement249 2013-02-04 23 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 Smith249 words
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AVIATION/SHIPPING
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Article, Illustration881 2013-02-04 24 Route cuts voyages from East Coast by over 7,500 nautical miles to Asia Bloomb erg [LONDON] Six years after the Panama Canal began a US$5.25 billion expansion to capture shipments of Asian-made goods to the US East Coast, the flowBloomberg; FILE PHOTO - 881 words
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Article, Illustration579 2013-02-04 24 But sources say a battery redesign could take months Reuters [TOULOUSE, France] Airbus has studied alternatives to lithium-ion batteries for its next jet, the A350, and has time to adapt to any rule changes prompted by the problems that have grounded Boeing Co’s 787Reuters; PHOTO: REUTERS - 579 words
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364 2013-02-04 24 EU court rules that airlines obliged to provide care even in extraordinary circumstance AP [BRUSSELS] The European Union’s top court said Thursday that Irish low-cost airline Ryanair has to pay out compensation to passengers that were stranded due to the 2010 volcano eruptionAP - 364 words
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Advertisement120 2013-02-04 24 Captivate your partner’s heart with our Valentine’s Day dining specials at AquaMarine (14 February) with its gastronomic buffet spread at $118++ per person including of a glass of Hibiscus Sparkling Mocktail. Pamper your loved one with an exquisite six-course Cantonese dinner set menu at Peach Blossoms (13 14 February) at120 words
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Page 24 Miscellaneous
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Miscellaneous326 2013-02-04 24 CRYPTIC CROSSWORD Across 8 Set off for team’s outfit (minus top) (4) 9 Objective Kennedy oddly rejected (3) 10 Advocate fruit to be infused with source of radiation (6) 11 More than half of dons exaggerate (6) 12 Ventilate loos on board ship for such idiots (8) 13 Pawn a326 words
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DINING OUT
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Article, Illustration680 2013-02-04 25 Jaime Ee - By Jaime Ee NEW RESTAURANT Morsels 35 Mayo Street Tel: 6396-6302 Open Tues-Sat: 6 pm to 10 pm IF new restaurants could be compared to technology start-ups, then Little India would be a hotbed of fresh, untested dining concepts. Here in this colourful mash up680 words
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Advertisement465 2013-02-04 25 B c 6 L.7 j Prosperous Lunar New Year Treats Abound 21 January to 24 February 2013 This Lunar New Year, indulge in auspicious celebrations and intimate family reunions with Szechuan Court’s scrumptious collection of Chef’s Chinese New Year signature dishes and 8 prosperous set menus starting from $288++ for465 words
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SINGAPORE STOCKS
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Article3574 2013-02-04 26 Week ended: Feb 1 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 15 11.4 8Telecom Vol ('000) 11 6.6 AEM --AAT Div GrYld 159.5 98.5 AIMSAMPIReit 158.5cd +0.5 3268 159.5 156.53,574 words
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Article314 2013-02-04 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 $mil Last 4.6 1.3 t Advanced System 1.8 +0.1 ***** 2 1.7 1.8 1.9 26.8 Week Last Quote Div Gr Yld Net M Cap High314 words
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Article114 2013-02-04 27 Stock name Close Change CapMallsAsia 2.240 +0.080 CapitaLand 3.980 -0.020 CapitaMall 2.120 CityDev 11.70 +0.010 ComfortDelGro 1.915 -0.015 DBS Grp 15.15 +0.190 F&N 9.430 -0.120 GLP 2.800 +0.040 Genting SP 1.525 -0.025 Golden Agri 0.640 +0.005 Stock name Close Change HK Land 7.900 +0.070 IHH Healthcare114 words
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Article2031 2013-02-04 27 Transaction date: Feb 1 HONG KONG Vol HK$ +/-'000 Aeon Credit Vol Aeon Stores 21.20 unch 20 Angang Steel 5.55 -0.19 ***** Anhui Conch Anhuiexpresswa 4.79 -0.11 6236 Asia Satellite 28.95 -0.05 26 Asm Pacific unch Bank Of E Asia 31.60 -0.30 1910 Beida Jade Bir 5.55 Beijing2,031 words
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Article272 2013-02-04 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 $mil 50 25.5 AVJennings A37 -12 81 43 35 37 40 3.6 9.5 3 96.3 45 30 Genting HK US$ US44 +2 ***** 45 41 43.5 44.5 2897.2272 words
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Article186 2013-02-04 27 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 2 3 0 0 0 12 2 3 Manufacturing 118 50 30 17 10 9 135 60 39 Commerce 43 26 12 12 4 1 55 30 13 Tpt/Stor/Comms 30 11 5186 words
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Article1082 2013-02-04 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 $mil 126 107.1 ABF SG Bond ETF 118 -0.6 214 118 117.5 118 119 538.6 135.9 120.4 CIMB APAC Div 100S$D 135.8 +1.7 17 135.9 135.8 135.71,082 words
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Article123 2013-02-04 27 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 147,917 147,917 408,503 408,503 Manufacturing 4,171,899 1,663,595 5,835,494 1,900,081 78,957 1,979,038 Commerce 2,312,528 390,458 2,702,986 747,844 29,912 777,756 Tpt/Stor/Comms 730,486 79,002 809,488 867,335 26,043 893,378 Finance 843,604 778 844,382 1,222,027 339 1,222,366 Construction 2,616,168 995,640123 words
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Advertisement26 2013-02-04 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 TIMES26 words
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FINANCE & COMMODITIES
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Article653 2013-02-04 28 Feb 1 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.72 *****.84 *****.26 Mar13 *****.00 *****.00 *****.00 *****.00 *****7 *****0 Jun13 *****.00 *****.00 *****.00 *****.00 94 3981 MSCI TAIWAN INDEX FUTURES SPOT 281.84 282.47 281.02 Feb13 281.90 283.40 280.80 281.90 ***** *****4 Mar13 280.00653 words
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373 2013-02-04 28 In local curr In S$ In US$ dy yr dy yr dy yr Feb 1 Index Change Change Change Change Change Change World Preliminary 995.6 0.8 6.1 0.9 7.4 0.8 5.8 EAFE Preliminary 825.0 0.7 6.5 0.8 7.4 0.6 5.8 Europe Preliminary 1214.3 0.8 5.9373 words
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Article470 2013-02-04 28 Feb 1 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.038 6.475 0.764 8.068 55.440 101.420 0.958 11.413 3.232 1.234 101.638 42.341 1.292 9.302 0.946 30.791 31.008 0.656 1.040 Canada 0.963 6.238470 words
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Article64 2013-02-04 28 Feb 1 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid64 words
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Article135 2013-02-04 28 Feb 1 GOLD(US$/oz) Feb 01 Jan 31 Hong Kong 1672.00 1683.50 Jan 31 Jan 31 Feb 01 London 1663.43 1668.30 1664.36 1669.30 Source: Thomson Reuters CAST BAR Feb 01 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 149 66 5gm 424 332 10gm135 words
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Article92 2013-02-04 28 Feb 1 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 02-May-13 0.25 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 99.93 99.98 99.98 5-Year N*****0Z 2.37592 words
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Article57 2013-02-04 28 Jan 31 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 12 2460.0 2512.0 2525.0 2459.0 385 4770 Oct 12 2501.0 2528.0 2563.0 2496.0 3514 ***** Nov 12 2532.0 2557.0 2593.0 2527.0 ***** ***** Dec 12 2555.0 2576.057 words
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Article154 2013-02-04 28 Feb 1 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2914 1.2917 1.0401 1.0403 Canadian dollar 1.2440 1.2447 1.0024 1.0019 Euro 1.6911 1.6914 1.3620 1.3622 NZ dollar 1.0463 1.0466 0.8427 0.8429 Sterling pound 1.9688 1.9693 1.5857 1.5860154 words
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Article108 2013-02-04 28 Feb 1 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 13 1474.25 1468.50 1486.50 1463.75 May 13 1465.50 1459.75 1476.50 1455.00 Jul 13 1455.25 1449.50 1465.50 1445.25 Aug 13 1426.00 1419.25 1433.00 1416.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 13108 words
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Article79 2013-02-04 28 Feb 1 COCOA (£/tonne) Close Prev High/Low Mar 13 1435 1428 1441/1417 May 13 1444 1437 1450/1427 Jul 13 1453 1446 1460/1437 Sep 13 1462 1455 1467/1447 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2049 2009 2052/2012 May 13 2055 2011 2059/2009 Jul 13 2061 2018 2066/2021 Sep 13 206779 words
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973 2013-02-04 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 724 4.55 15 Conv Asiatravel.com HoldingsW*****7 5.4 -0.1 317 1 25 17 Asiatravel.com HoldingsW*****5 5.5 unch 405 1 27 41 BakerTech W*****5 Prem Best World973 words
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Article70 2013-02-04 28 CRUDE OIL PRODUCTS Jan 31 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 115.32 0.50 WTI (Near Mth) 97.43 -0.55 Dubai (1-Mth F) 109.83 0.30 Tapis blend 120.97 -0.07 Minas 117.07 -0.07 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 108.89 0.22 Jet Kerosene 131.09 0.18 US$/barrel OpecOil Basket70 words
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Article22 2013-02-04 28 Feb 1 S$ Bid Offer 1-month 1.2417 1.2418 2-months 1.2417 1.2418 3-months 1.2417 1.2418 6-months 1.2416 1.2417 Source: OCBC22 words
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Article65 2013-02-04 28 Feb 1 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2087.75 2054.25 3 months 2125.00 2091.00 Copper, Grade A(US$/tonne) Cash 8254.50 8128.25 3 months 8290.00 8165.00 Lead(US$/tonne) Cash 2441.00 2422.00 3 months 2451.00 2431.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months65 words
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Article121 2013-02-04 28 As at 9am Feb 1 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.321 1.259 Can dollar 1.273 1.213 Euro 1.729 1.647 Sterling pound 2.006 1.929 NZ dollar 1.079 1.018 US dollar 1.266 1.206 Local dollars to 100 units of foreign121 words
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Article157 2013-02-04 28 Feb 1 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.07 US$ 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 12157 words
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Article2928 2013-02-04 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/New2,928 words
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Advertisement42 2013-02-04 29 shfp maintenance rvices wanted. Can -they find your services here in -the Shipping Times? TO ADVERTISE. CALI IOE WO IMG AT 9620 1327 THE BUSINESS TIMES Shipping Times Shippers looking for Warehouse Can they find your services here in the Shipping Times?42 words
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Advertisement18 2013-02-04 29 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times18 words
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Advertisement138 2013-02-04 30 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 AT138 words
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Advertisement11 2013-02-04 30 TO ADVERTISE IN .The Business Times Shipping Times CALL JOE WONG11 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration939 2013-02-04 32 reportsAMIT ROY CHOUDHURY - The software firm grew 22% year-on-year in 2012 two times faster than its largest competitor, reportsAMIT reportsAMIT ROY CHOUDHURY DESPITE the paradigm shift that is taking place in technology used by enterprises, German enterprise software major SAP had a great 2012, delivering the best939 words
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158 2013-02-04 32 Reu ters [WASHINGTON] The Federal Trade Commission (FTC) has issued a wide-reaching set of new guidelines for makers of mobile platforms and developers of applications for mobile telephones and tablets to safeguard users’ privacy. The non-binding guidelines, published in a report last Friday, include theReuters - 158 words
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166 2013-02-04 32 Xinhua [PARIS] French publishers and Google last Friday announced their accord to end a month-long dispute over whether the search engine giant should pay to display news content in its search results. “After intense negotiations, agreement was reached today,” the Elysee, the presidencyXinhua - 166 words
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Article, Illustration792 2013-02-04 31 VICTORIA HO - Growing appetite for alternative trading exchanges spurring demand By VICTORIA HO MORE brokerages are outsourcing their front office functions to data aggregator providers as they cater to a growing appetite for alternative trading exchanges. Trying to keep the systems performance competitive while providingPHOTO: REUTERS - 792 words
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Article, Illustration868 2013-02-04 31 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY YET another survey points to the fact that Singaporebased organisations are serious about a cloud presence in order to gain competitive advantage in the market place. Symantec’s Hidden Costs of Cloud 2013 survey shows that 95 per cent868 words
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1057 2013-02-04 31 SIMON BELL - The year will see both Amazon and Microsoft launch new smartphones <you say> By SIMON BELL The author is director of strategy, Landor Associates, a global branding company Technology giants Apple and Samsung prospered in the smartphone market last year by creating simple products that1,057 words
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360 2013-02-04 31 Bloomberg [SAN FRANCISCO] Sony Corp, trying to reverse a two-year decline in PlayStation sales, is prepping a powerful new version of the home console to deliver more realistic games and entertainment features, an analyst said. Sony “is 100 per cent certain to announceBloomberg - 360 words
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Advertisement209 2013-02-04 32 I x, vV V vX> 5*s 1 R sss XX XX i XX XX •Hi XX ss I xx i^=. xx 35 :S5a jp xx? xx X 1 $1: 1- 1 :-f ."I i« I X I "Hi XX X xx X X X jU X X XX X V209 words
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