The Business Times, 5 February 2013

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Total Pages: 30
1 30 The Business Times
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  • Title Section
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    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Tuesday, February 5, 2013
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  • Article
    Lock icon Several foreign firms prepare to leave S’pore
    729 1  -  Labour tightening measures have hit them hard; letter conveys concerns to minister By MALMINDERJIT SINGH [SINGAPORE] Some foreign companies in Singapore have started to pull out of the country as the government tightens the inflow of foreign workers here. More could follow suit.
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,297.37 (+6.23) GST INDEX FUTURES 3,298.00 (+6.00) GSIMSCI 371.33 (+1.25) GSIMSCI FUTURES 371.50 (+0.70) US$ S$ US$ (S$ per US$) 1.239 (US$/S$ per 1.571 1.946 EURO (US$/S$/€) 1.361 1.685 Foreign currency per US$ S$ YEN 92.80 74.90 RM 3.098 2.501 HK$ 7.756 6.261 BAHT 29.76 24.02 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Monday Change KL COMP 1,634.55 +7.00 NIKKEI 225 11,260.35 +69.01 HANG SENG 23,685.01 -36.83 SET INDEX 1,506.37 +7.15 JAKARTA COMP 4,490.57 +8.93 MANILA COMP 6,435.98 +117.37 SEOUL COMP 1,953.21 -4.58 SHENZHEN B 856.55 -13.59 MUMBAI IND 19,751.19 -30.00 11am EST Change DOW 13,895.29 -114.50 NASDAQ 3,158.41 -20.69
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    • Article
      Lock icon PRIME RATES
      31 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.840 TAIWAN 5 036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3 25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.45 Source: Bloomberg
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  • Article, Illustration
    Lock icon Thinning Singaporean core troubles MPs
    727 1  -  It’s estimated to shrink to 55% of the population by 2030, sparking concern By CHUANG PECK MING [SINGAPORE] Members of Parliament kicked off the debate on population yesterday, with many of them expressing concerns about a thinning Singaporean “core” that could erode the Singapore identity.
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      367 1 S’PORE ECONOMY January PMI signals return to manufacturing growth PAGE 2 PRODUCTIVITY MATTERS Financial services: Reaching for greater innovation PAGE 14 UK REFORM BILL Banks to split investment, retail arms page 2 CNY This festive season’s flavour: take-aways PAGE 10 8 *****1 *****4 HSBC Visa Infinite card allows you to
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      9 1 Inc The SWAT way to raise funds PAGE 12
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  • TOP STORIES
    • Article
      Lock icon January PMI signals slow return to mfg growth
      523 2  -  Electronics improves but still in contraction mode; sector seen expanding again only in second half of year By TEH SHI NING [SINGAPORE] For the first time in seven months, Singapore’s purchasing managers’ index (PMI) has signalled a marginal expansion of the manufacturing
      523 words
    • Article
      Lock icon Chee Hean explains case for immigrants
      550 2  -  Without them, Singapore will be an ‘aged’ population by 2016 By MINDY TAN [SINGAPORE] Even as the White Paper on population proposes a significant slowdown in the rate of workforce and population growth, this must be balanced against the possibility that we will be
      550 words
    • Article, Illustration
      Lock icon UK Reform Bill: banks to split investment, retail arms
      592 2  -  Law to ensure retail bank can continue even if rest fails By NEIL BEHRMANN in London THE British government yesterday introduced a Banking Reform Bill to ring-fence the retail and in-vestment-banking operations of the country’s large banks. If banks fail to
      PHOTO: REUTERS  -  592 words
    • Article
      Lock icon KPMG calls for tax benefits for firms’ brand-building
      602 2  -  S’pore’s tax treaty network should also be enhanced, it says By ANDREA SOH [SINGAPORE] Tax advisory firm KPMG has said that even as the call for higher productivity goes out, Singapore should grow the brands of its companies to sow the seeds
      602 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      562 2 Several foreign firms prepare to leave S’pore SOME foreign companies in Singapore have started to pull out of the country as the government tightens the inflow of foreign workers here. More could follow suit. According to the American Chamber of Commerce in Singapore, 5 per cent of respondent
      562 words
    • Article
      Lock icon MISC shares surge as punters ride privatisation wave
      490 4  -  Minorities expected to accept Petronas’ surprise offer amid continued weakness in shipping By PAULINE NG in Kuala Lumpur INVESTORS hoping to make a quick buck ahead of the Chinese New Year rushed into MISC yesterday after its parent Petronas offered to privatise
      490 words
    • Article, Illustration
      Lock icon Adopting Israel’s venture capital model? Don’t copy and paste
      493 4  -  Culture counts when crafting policies to foster start-ups By LYNN KAN [SINGAPORE] Israel is known as a “Start-Up Nat i o n” w i t h a t ee m i n g eco-system of research centres, start-up companies and venture
      PHOTO: YEN MENG JIIN  -  493 words
    • Article
      Lock icon Obama says govt needs revenue along with cuts
      450 4 He says that it is required to bring down federal deficit Bloomberg [WASHINGTON] President Barack Obama said that there is “no doubt” the government needs new revenue from closing tax “loopholes” and limiting deductions, along with enacting spending cuts, to reduce the
      Bloomberg  -  450 words
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      40 4 POWER UP YOUR home INVESTMENT 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>, FY I MARKETS I WEALTH I INSURANCE I PERSONAL FINANCE
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Courts plans more stores in S’pore, M’sia
      640 5  -  It will open one in Jurong and four in M’sia by April; eyes Indonesia market By NISHA RAMCHANDANI RETAILER Courts Asia continues to expand in existing markets Singapore and Malaysia through physical and online stores as well as a wider array of offerings.
      640 words
    • Article
      Lock icon Golden Agri and Stena Bulk form second JV
      331 5  -  By LEE MEIXIAN PALM oil plantation firm Golden Agri-Resources and tanker shipping firm Stena Bulk A/B have set up a 50-50 joint venture (JV) called Golden Stena Bulk. Financial details of the JV were not disclosed. The JV is the second collaboration
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    • Article
      Lock icon GLP and partner inject 58b yen into Japan JV
      272 5  -  50:50 venture equity to more than double to 100b yen By JASMINE NG GLOBAL Logistic Properties (GLP) and Canada Pension Plan Investment Board –the 50:50 partners of GLP Japan Development Venture are each pumping a further 29 billion yen (S$395 million)
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    • Article
      Lock icon Asian syndicated loan volumes to rise as costs decline: bankers
      327 5 Bloomberg [SINGAPORE] Syndicated lending volumes in Asia will increase this year, 51 per cent of loans bankers in the region say, as 84 per cent expect borrowing costs to fall, according to a survey by Asia Pacific Loan Market Association
      Bloomberg  -  327 words
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      105 5 Work flat out, seven days a week. M From 2 February, fly to Brisbane and Abu Dhabi daily, with Eli had. 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
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      198 5 11 Hi mm. mk mz V/ZZ m. World's Finest Serviced Offices Best address, best receptionist, best IT and support Flexible lease terms starting from one month We help businesses succeed For less than the cost of a secretary W servcorp.com.sg HSERVCORP Virtual Office Everything But the Office Professional business image
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Broad market weak despite STI’s gain
      656 6  -  Index still at new 2-year high after rise was tempered by HK gain reversal and weak Europe opening STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index yesterday first jumped 28 points to a intraday high of 3,319 but with Hong Kong reversing a
      Source: Bloomberg  -  656 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 6 Feb 4 VALUE CLOSE BT OB/OS 462.00 -93.00 BT CADI -*****.00 -38.00 BT 10-day MA -*****.00 +46.00 FTSE ST Mid Cap 812.48 +1.70 FTSE ST Small Cap 570.87 +0.66 FTSE ST All Share 811.51 +1.54 FTSE ST China Top 233.88 +1.26 FTSE ST China 267.48 +1.39 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 8 2 0 0 0 6 8 2 Manufacturing 47 80 43 9 15 6 56 95 49 Commerce 24 30 16 4 6 2 28 36 18 Tpt/Stor/Comms 14 22 9
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      952 6  -  Compiled by JOYCE HOOI King Wan Corp Feb 4 close: $0.295 OSK RESEARCH, Feb 4 WE initiate coverage with a “buy” rating and TP of $0.40. King Wan (KWAN) is Singapore’s leading mechanical electrical (M&E) services provider for the construction industry, and also operates the country’s largest fleet
      Source: Bloomberg  -  952 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,411 15,411 71,300 71,300 Manufacturing 516,619 161,263 677,882 276,781 23,473 300,254 Commerce 211,337 14,097 225,434 114,872 1,290 116,163 Tpt/Stor/Comms 150,911 21,707 172,618 226,084 7,428 233,512 Finance 71,755 457 72,212 280,642 180 280,822 Construction 236,643 102,904
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      109 6 Stock name Close Change CapMallsAsia 2.200 -0.040 CapitaLand 3.930 -0.050 CapitaMall 2.120 CityDev 11.70 ComfortDelGro 1.900 -0.015 DBS Grp 15.29 +0.140 F&N 9.430 GLP 2.780 -0.020 Genting SP 1.525 Golden Agri 0.645 +0.005 HK Land 7.950 +0.050 IHH Healthcare 1.340 JMH 63.63 -0.780 JSH 38.11 +0.130
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    • Article, Illustration
      Lock icon Euro fall on profit taking seen to be temporary
      538 6 CURRENCIES Reuters [LONDON] The euro retreated from multi-month highs against the yen and dollar yesterday as speculators took profit on the common currency’s rally and caution set in before the European Central Bank meets this week. Weak Spanish unemployment data, a
      Reuters; PHOTO: REUTERS  -  538 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      54 6 VOLUME MDR 665,119,000 MDR W*****5 249,854,000 Rowsley 191,198,000 IPCO Intl 119,298,000 Ntegrator 104,369,000 YHM 99,934,000 ElektromotiW*****0 84,690,000 ICP 73,557,000 ChinaNTown 62,519,000 Yoma 47,028,000 VALUE($) UOB 107,738,013 SingTel 93,929,720 DBS Grp 90,415,412 Rowsley 65,944,065 Genting SP 60,887,170 OCBC Bk 50,967,570 HPH Trust US$ 42,248,319 F&N 41,702,200 Yoma 39,165,240
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    • Article
      Lock icon RISES
      116 6 BY CENTS CLOSE UP DBXT AUDCS 5SG$ ***** 812.0 3.1 Lyxor Indonesia10US$ 9894 178.3 1.5 DBXT Nifty 10US$ ***** 104.0 0.7 DBXT MSJAP 10US$ 3876 96.6 2.1 Hyflux 6% CPS 10 ***** 90.0 0.8 Jardine C&C 5164 84.0 1.7 DBXT MSTHAI 10US$ 2251 52.0 1.9 UOB.ES.1302 1922 45.0 2.4
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    • Article
      Lock icon FALLS
      129 6 BY CENTS CLOSE DOWN DBXT AUD Bonds 5AU$ ***** -216.8 -0.9 UOB 5.05%NCPS 100 ***** -165.0 -1.6 JMH 6363 -96.6 -1.2 STXPO 100 590 -43.0 -6.8 DBXT S&P Short 10US$ 3287 -33.4 -0.8 GLD 10US$ ***** -16.1 -0.1 IS ASIA HYG100US$ 1118 -13.6 -1.0 UOL 618 -12.0 -1.9 IS
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Wing Tai Q2 net profit jumps 159% to $88.7m
      466 7  -  Results helped by revenue surge and higher contributions from associates and joint ventures By ONG CHOR HAO PROPERTY and retail group Wing Tai Holdings posted a net profit of $88.7 million for its second quarter ended Dec 31 last year, a
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    • Article
      Lock icon HSR and Huan Hsin warn of full-year losses
      821 7  -  By FELDA CHAY REAL estate services company HSR Global Ltd and contract manufacturer Huan Hsin Holding have warned of full year losses for 2012 ahead of their release of results. In HSR’s case, it said in an announcement yesterday that a preliminary
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    • Article, Illustration
      Lock icon Top Ezra exec takes control of Thai developer
      712 8  -  This follows JS Oil’s purchase of 24.97% of Raimon Land for 2b baht By LYNN KAN LIONEL Lee, group managing director of subsea services firm Ezra Holdings, is turning his personal penchant for property development into a more serious enterprise. On Friday,
      FILE PHOTO  -  712 words
    • Article
      Lock icon Sim Lian Q2 profit up 35% on revenue boost
      351 8  -  By TEO SI JIA HIGHER group revenue and contributions from joint ventures boosted Sim Lian Group’s bottom line for its fiscal second quarter. The property development and construction group achieved a 35 per cent year-on-year surge in net profit to $47.51
      351 words
    • COMPANY BRIEFS
      • Article
        Lock icon Transcu board chairman dies
        116 8 BIOTECH firm Transcu Group said yesterday that its board chairman, Hironori Aihara, died on Jan 28, aged 74, after a short illness. It said that the board had held back the announcement until after the funeral on Feb 2, at the request of Mr Aihara's family
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      • Article
        Lock icon XMH acquiring JTC land for premises
        108 8 XMH Holdings is acquiring 15,184 sq m of JTC land for about $8.14 million to construct new premises to accommodate new assembly and production lines and increase general warehousing capacities. The lease term is 30 years. The group’s aggregate cost of investment in the
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      • Article
        Lock icon Straits Trading gets public float extension
        67 8 THE Straits Trading Company, which saw its publicly-held shares decrease to 9.1 per cent following the issuance of consideration shares to vendors, has been given an extension by the Singapore Exchange to restore the public float to above 10 per cent by June 1.
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    • Article
      Lock icon United Envirotech Q3 earnings surge
      346 8  -  By CARINE LEE MEMBRANE-BASED recycling solutions provider United Envirotech Ltd (UEL) recorded a surge in profit for the fiscal third quarter ended Dec 31, 2012 to $8.49 million, from $1.89 million a year earlier. Backed by stronger engineering revenue which trebledyear-on-year to $43 million from
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      402 7 Information correct at time of printing. UEN: *****5206G ESPLANADE PRESENTS m hi. usic you ,st can’t miss! lOMar, Sun, 7.30pm Esplanade Concert Hall Miles Smiles SuS.es, Larry CoryeU and Rick Margitza usa Fxoect a riveting evening of iazz as these cutting edge musicians come together to pay tribute to their
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      122 8 18-24 feb 2013 /10:00am to 10:00pm IMM SHOPPING MALL, ATRIUM FREE ADMISSION Catch these renowned speakers at INVEST Carnival Russell Markham Leong Sze Hian Alan Lok Helen Ong Wong Sui Jau Event Highlights: Keynote Presentation by Popular Investment Speakers Over 15 Free Investment Talks Get exposed to various investment asset
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      23 8 A SUBSIDIARY OF SPH MAGAZINES PTE LTD Blu Inc Media (HK) Ltd. Tel: 852 2165 2800 Fax: 852 2868 1799 Email: queries@bluincmedia.com www.bluincmedia.com
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      Lock icon Page 8 Advertisements Column 3
      304 8 InvestorRelationsHighlights Courage Marine acquires vessel M/V Dong-A Saturn Courage Marine, a marine transportation services provider, has entered into a Memorandum Of Agreement (MOA) with Dong-A Tanker in relation to the acquisition of a vessel, M/V Dong-A Saturn, for a total cash consideration of US$7.5 million. M/V Dong-A Saturn is a
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      249 9 The Business Times Now you can read it any way you want. 3* DINING OUT CUSTOMER U-golarian Care SATISFACTION lluil hits all the Service just 01 right spots pact a the equation JP Morgan counts on S-EA to grow rjs ihe Business Time: THE BUSINESS TIMES THE BUSINESS TIMES Smith
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon This festive season’s flavour: take-aways
      787 10  -  It’s one way that restaurants are tackling the severe manpower shortage By NISHA RAMCHANDANI HOME deliveries for pen cai. Reunion lunches. Or how about a five-course reunion dinner in the comfort of your own home without having to step into the kitchen? Faced with a
      787 words
    • Article
      Lock icon SMRT’s China bus driver strike a ‘wake-up call’: Chuan-Jin
      570 10  -  It has prompted ministry to come up with proactive steps YESTERDAY IN PARLIAMENT By MALMINDERJIT SINGH THE strike of the SMRT bus drivers from China in November was a “wake-up call” and, going forward, it has prompted the authorities to come
      570 words
    • Article
      Lock icon S’pore is now 6th most expensive city in the world
      429 10  -  By TEH SHI NING SINGAPORE is now the world’s sixth most expensive city, up from ninth previously, going by a biannual ranking compiled by the Economist Intelligence Unit (EIU). In Asia, Singapore is fifth. The latest Worldwide Cost of Living
      429 words
    • Article
      Lock icon R&T enlarges its regional footprint
      497 10  -  Top law firm opens two new offices in Myanmar, Cambodia By GRACE LEONG RAJAH Tann LLP (R&T) has opened two new offices in Myanmar and Cambodia in a move to boost its capacity to compete with large international firms muscling their way into the region’s
      497 words
    • Article
      Lock icon Defence chief moves to civil service
      239 10 CHIEF of Defence Force Neo Kian Hong is stepping down from his post to take up a senior position in the civil service. He will be succeeded by Ng Chee Meng, who is currently Chief of Air Force.The Ministry of Defence (Mindef) said the
      239 words
    • Article
      Lock icon AWAK’s dialysis tech gets boost from Baxter
      273 10  -  By MA XIANGYU LOCAL medical technology firm AWAK Technologies has entered into an exclusive agreement with US healthcare giant Baxter International for the development of its proprietary wearable dialysis technology. Under the deal, Baxter will have an exclusive global manufacturing and distribution licence
      273 words
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      326 11 Amazing Gifts When You Subscribe To THE STRAITS TIMES THE STRAITS TIMES The big push for more babies BABY BOOSTERS n.a X 1* mm PRINT iPAD SMARTPHONES ONLINE SUBSCRIBE NOW AND BRING HOME ONE OF THESE AMAZING GIFTS! Panasonic LUMIX DMC-XS1GF ''Panasonic Micro Audio SC-HC27 Tw SrhjfiT %dJ!4 2 year
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  • SME Inc
    • Article, Illustration
      Lock icon The SWAT way to raise funds
      1624 12  -  Crowdonomic differentiates itself by focusing exclusively on crowdfunding for Asian start-ups and businesses, reportsFELDA FELDA CHAY LEO Shimada, the 36-year-old founder of the firm that created the first Sin-gapore-based crowdfunding platform, knows that he has a tough journey ahead. He and his recently started
      PHOTO: ARTHUR LEE  -  1,624 words
    • Article, Illustration
      Lock icon Do your techniques of negotiation create value?
      1156 13  -  It’s easy to play hardball and go for a quick-fix, but a more long-term, win-win strategy is the way of the future COMMENTARY By JANE WILLIAMS This article was first published on online portal Insead Knowledge (knowledge.insead.edu) IT’S no longer a game of
      PHOTO: STOCK.XCHNG  -  1,156 words
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      32 12 fMm.3 r v SINGAPORE S HOT "orresr WTS LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG I FACEBOOK.COM/HOTFMSG 3* HOTFMSG
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      50 12 HOT PROPERTY i III'§HS K Ml 31 TG PAGAR qfwi.vu I Immed. safe Cation Hr om C e‘ ,l )S7° 5f ,AR MINGgrd e, $48 g nc, 2 c BOUTIQUE SHOPHOUSE Check this and many other properties in CATS Classified in The Straits Times now! WATS BUY IT-SELL IT-FIND IT
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      65 12 HAVE an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME INC pages, with details such as how the company has grown and its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg with
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      112 13 Secure your printers without working security guard hours. We started with legendary HP LaserJet reliability. Then we radically simplified security and fleet management. PLuq this printer into your network, and it automatically helps protect data in storage or in transit using robust encryption, authentication, and security management. So you can
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  • PRODUCTIVITY MATTERS
    • Article, Illustration
      Lock icon Reaching for greater innovation
      1455 14  -  Efficient as they are, there is still room for financial institutions to achieve higher levels of productivity, reportsTEH FINANCIAL SERVICES TEH SHI NING EVEN as the urban landscape of Singapore’s financial district is being transformed by Marina Bay’s glitzy skyscrapers, there is much room yet for
      PHOTO: BLOOMBERG; Source: Monetary Authority of Singapore  -  1,455 words
    • Article
      Lock icon Where to go
      118 14 Key schemes FUNDING WORK PROCESSES IMPROVEMENT WORKFORCE DEVELOPMENT LEGEND SCHEME WHAT YOU GET WHO TO CONTACT Productivity Innovation Credit (PIC) Businesses can enjoy 400% tax deduction and/or a cash payout of up to $60,000 for their spending across six types of productivity improvement activities. Financial Training Scheme
      118 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon CIMB sets record year in investment banking
      740 15 In Malaysia, group tops IPO league table with 21.79% market share [KUALA LUMPUR] CIMB Group’s investment banking (IB) business notched its best year ever in 2012 amid a wave of initial public offerings (IPOs) and deals in the region, particularly in its home
      PHOTO: BLOOMBERG  -  740 words
    • Article
      Lock icon Ministry backs E Kalimantan’s forest moratorium
      383 15 Move could result in better and improved land use: official Reuters [JAKARTA] Indonesia’s agriculture ministry backs a move by East Kalimantan to impose a forest moratorium in the province, an official said on Friday, in what may signal a softening in the department’s opposition
      Reuters  -  383 words
    • Article, Illustration
      Lock icon Indonesia’s biggest lender cuts loan growth forecast
      494 15 Bank Central Asia’s projection is now 18-20% for this year Reu ters [JAKARTA] PT Bank Central Asia, Indonesia’s biggest lender by market value, has cut its loan growth forecast for this year to 18-20 per cent, from 22-25 per cent, its chief executive
      Reuters; PHOTO: REUTERS  -  494 words
    • Article
      Lock icon East Coast body eyes RM11 b in investments
      467 15 Announcements for Kuantan and Kertih soon, says CEO [KUALA LUMPUR] The East Coast Economic Region Development Council (ECERDC) is in various discussions with investors involving some RM11 billion (S$4.4 billion) worth of investments. Chief executive officer Jebasingam Issace John said that most
      467 words
    • Article
      Lock icon KFC Holdings, QSR Brands to be delisted on Thursday
      278 15 [KUALA LUMPUR] KFC Holdings (M) Bhd (KFCH) and QSR Brands Bhd will be delisted on Thursday. Triple Platform Sdn Bhd managing director Ahmad Zaki Zahid told Malaysia’s Business Times that he was informed about the date of the delisting late last
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      426 15 WATS NOTICES NOTICE OF EXTRAORDINARY GENERAL MEETING SINGXPRESS LAND LTD. (Company Registration No. *****3164K) (Incorporated in Singapore) All capitalised terms in this Notice of Extraordinary General Meeting and defined in the circular dated 5 February 2013 (the “Circular”) shall, unless otherwise defined herein, bear the respective meaning as ascribed to
      426 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China regulators signal risk of ‘hot money’ influx
      542 16  -  They pledge to crack down on illegal cross-border capital flow By JULIE ZHU EJ Insight [HONG KONG] Chinese regulators have expressed concerns about the risk of large inflows of speculative “hot money” this year and vowed to crack down on illegal cross-border
      EJ Insight  -  542 words
    • Article
      Lock icon Shanghai to tighten commodities collateral
      201 16 Reuters [SHANGHAI] The government of Shanghai, China’s financial hub, aims to launch an electronic system this year to track collateral used in commodities warehouse financing, in a bid to strengthen the banking system after trade defaults, domestic media says. Shanghai’s finance service bureau is working
      Reuters  -  201 words
    • Article, Illustration
      Lock icon PBOC’s Zhou will step down in March, reports official newspaper
      399 16 Bloomberg [BEIJING] Chinese central bank governor Zhou Xiaochuan will step down from his position next month, the China Securities Journal reported, without citing anyone. The report, part of a Feb 2 profile of Mr Zhou, may be the first time
      Bloomberg; PHOTO: BLOOMBERG  -  399 words
    • Article
      Lock icon Share fall due to technical issues: Mumbai brokerage
      270 16 AFP [MUMBAI] A Mumbai brokerage on Saturday blamed technical problems for “unintended” stock market transactions, a day after there was an unexpected dive in the values of the shares of two major companies. The statement came after India’s National Stock Exchange (NSE)
      AFP  -  270 words
    • Article, Illustration
      Lock icon Strong industrial profit growth in China
      489 16  -  By JULIE ZHU EJ Insight [HONG KONG] Chinese industries extended their run of profit gains to a fourth month in December, adding evidence that the world’s second largest economy is gathering steam after seeing its slowest growth in 13 years. A string of seven
      EJ Insight; PHOTO: REUTERS  -  489 words
    • Article, Illustration
      Lock icon RBI may cut lenders’ key debt ratio next fiscal year
      527 16 It could still resort to OMOs in Feb and March: top official Reuters [COLOMBO] India’s central bank is considering cutting the held-to-maturity (HTM) ratio for lenders starting in April, while also looking into bond purchases via open market operations (OMOs)
      Reuters; PHOTO: AP  -  527 words
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  • ECONOMY WATCH
    • Article
      Lock icon Japan’s public pension fund mulls over changes to its portfolio
      693 17 GPIF plans talks about whether to reduce its allocation to domestic bonds Bloomberg [TOKYO] Japan’s public pension fund, the world’s biggest manager of retirement savings, is considering the first changes to its asset structure in seven years as a new
      Bloomberg  -  693 words
    • Article, Illustration
      Lock icon US in tentative deal with Mexico on tomato imports
      640 17 NYT [NEW YORK] The United States and Mexico have reached a tentative agreement on cross-border trade in tomatoes, narrowly averting a trade war that threatened to engulf a broad swath of US businesses. The agreement, reached late Saturday, raises the minimum
      NYT; PHOTO: REUTERS  -  640 words
    • Article
      Lock icon Germany needs more migrant workers: OECD
      402 17 Berlin will need to liberalise recruitment if govt is to fill projected shortfall by 2025 Reuters [LONDON] Germany will need a big increase in skilled immigrant labour in coming years, from both inside and outside the European Union (EU), to make up for the
      Reuters  -  402 words
    • Article
      Lock icon Goldman drops rate cut call as Aussie bonds slip
      602 17 RBA likely to hold rates as resource prices rebound Bloomberg [SYDNEY] Australian government debt extended the longest losing streak since 2010 as a global economic rebound revives mining exports, spurring Goldman Sachs Group to scrap forecasts for a central bank in-terest-rate
      Bloomberg  -  602 words
    • Article, Illustration
      Lock icon Germany in a quandary over Cyprus bailout
      724 17 Critics fear rescue funds could end up in Russian hands NYT [PARIS] When German officials said they would save the eurozone at all costs, the prospect of bailing out Russian oligarchs was not what they had in mind. But eight months before a
      NYT; PHOTO: AP  -  724 words
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  • WORLD
    • Article, Illustration
      Lock icon Swiss property stays in UBS ‘risk zone’
      593 18 The authorities may tighten capital rules for banks to curb a property boom Bloomberg [ZURICH] The UBS Swiss Real Estate Bubble Index stayed in the “risk zone” for a second quarter, putting pressure on the authorities to tighten capital rules for the country’s
      Bloomberg; PHOTO: BLOOMBERG  -  593 words
    • Article, Illustration
      Lock icon Berlusconi promises tax cuts and refunds
      607 18 Reuters [ROME] Italy’s former prime minister Silvio Berlusconi announced his “last great electoral and political battle” on Sunday with a sweeping promise to cut taxes and the cost of government if his centre-right wins elections this month. In a passionate and much anticipated speech
      Reuters  -  607 words
    • Article
      Lock icon Moscow bourse aims to raise US$500m in IPO
      425 18 Reuters [MOSCOW] Moscow’s stock exchange will be valued at up to US$4.6 billion in its planned stock market flotation, which will raise around US$500 million for the company and selling shareholders, according to a price range published by the company yesterday. The
      Reuters  -  425 words
    • Article, Illustration
      Lock icon Danish bonds starting to appeal after massive sell-off
      682 18 Bloomberg [COPENHAGEN] Danish government bonds, which ended last month as the world’s worst performing sovereign debt after a sell-off of haven assets, have now dropped enough in price to appeal to some of the country’s biggest money managers. PFA, the nation’s sec-ond-largest
      Bloomberg; PHOTO: BLOOMBERG  -  682 words
    • Article
      Lock icon France on track to meet GDP target: minister
      258 18 Reuters [PARIS] French Finance Minister Pierre Moscovici on Sunday said the government believed it could reach its 2013 economic growth target of 0.8 per cent. Mr Moscovici told France 2 television that he is maintaining the target ahead of the publication of
      Reuters  -  258 words
    • Article
      Lock icon Swatch surprises with 26% rise in full-year profit
      417 18 Margin, output up as company expanded capacity Bloomberg [GENEVA] Swatch Group AG, the biggest maker of Swiss timepieces, reported a 26 per cent increase in 2012 profit as the company produced more watches and took advantage of expanded production capacity at its
      Bloomberg  -  417 words
    • Article
      Lock icon EU tax on financial deals may backfire
      773 19 History is replete with incidents of investor flight in the face of govt levies Bloomberg [LONDON] Half a century after a US tax on bond purchases spawned the US$3.7 trillion-a-year Eurobond market, Europe’s plan to impose a levy on financial transactions risks triggering
      Bloomberg  -  773 words
    • Article
      Lock icon S Korea won posts biggest daily gain since late 2011
      375 19 Reuters [SEOUL] The South Korean won posted its biggest daily gain since December 2011 yesterday after positive global economic data fuelled investor risk appetite and the market saw no change in the near term for local interest rates. The local
      Reuters  -  375 words
    • Article, Illustration
      Lock icon FORTUNE ARRIVING WITH A HISS
      88 19 [SINGAPORE] A Sentosa Island staff volunteer with the 100-metre-long sand snake sculpture, Glittering Snake Trail, by Singaporean sand sculptor Jooheng Tan, at a media preview of the Sentosa Flowers Festival here yesterday. A total of 128 staff volunteers helped colour the snake, which forms the
      PHOTO: REUTERS  -  88 words
    • Article
      Lock icon Valuations pose risk to Canada insurer shares
      528 19 Top four insurers are set to report strong Q4 results Reu ters [TORONTO] After ringing up share-price gains last year that led the market, Canada’s life insurers look ripe for a setback even if they post blockbuster quarterly results over the next couple
      Reuters  -  528 words
    • Article
      Lock icon MF Global customers may get most of their money back
      488 19 Reuters [NEW YORK] Former customers of Jon Corzine’s collapsed brokerage MF Global would recover most, and probably all, of their money under the latest projections by the trustee liquidating its bankrupt parent company. In a court filing late on Friday,
      Reuters  -  488 words
    • Article, Illustration
      Lock icon Panasonic shares spike 17%
      292 19 AFP [TOKYO] Panasonic shares soared nearly 17 per cent yesterday as investors reacted to the Japanese electronics giant’s latest earnings, while rivals Sony and Sharp also spiked on upbeat sentiment. Panasonic jumped 16.89 per cent to 692 yen in Tokyo morning trade, following the company’s announcement
      AFP; PHOTO: REUTERS  -  292 words
    • Article
      Lock icon US may use preemptive cyber strikes
      380 19 AFP [WASHINGTON] A secret legal review has concluded that the US president has the power to order preemptive cyber strikes if the US discovers credible evidence of a major digital attack against it is in the offing, The New York Times reported yesterday. Citing
      AFP  -  380 words
    • Article, Illustration
      Lock icon Drop in global consumer confidence
      516 20 Reu ters [LONDON] Global consumer confidence dipped at the end of last year, a survey showed yesterday, and more than 60 per cent of respondents said that the next 12 months would not be a good time to spend. Concerns about US budget talks, which
      Reuters; PHOTO: AP  -  516 words
    • Article
      Lock icon Factory orders up less than forecast in Dec
      451 20 Fall in non-durables overshadows gains in computers, building equipment LATEST US DATA Bloomberg [WASHINGTON] Orders placed with US factories increased less than forecast in December, reflecting a drop in non-durable goods that overshadowed gains in construction equipment and computers. Bookings climbed 1.8
      Bloomberg  -  451 words
    • Article
      Lock icon Eurozone factory prices fall in Dec, mirror inflation
      396 20 Reuters [BRUSSELS] Eurozone factory prices fell for the second month in a row in December, mirroring the trend in consumer inflation and leaving room for a possible European Central Bank interest rate cut to revive the weak economy. Prices at factory gates
      Reuters  -  396 words
    • Article
      Lock icon Qiagen sees big sales prospects for its test for latent TB
      408 20 Bloomberg [GENEVA] The resurgence in TB is a growth opportunity for Venlo, Nether-lands-based Qiagen NV, whose test for latent TB has become its fast-est-growing product. Latent TB is a form of the bug that isn’t detectable by standard X-ray
      Bloomberg  -  408 words
    • Article
      Lock icon UK okays crowdfunding website for public
      190 20 Reuters [LONDON] Britain’s financial regulator yesterday approved for the first time a “crowdfunding” website which allows members of the public to take a direct stake in small unlisted businesses. Volatile markets, low interest rates and crimped bank lending have boosted the popularity of crowdfunding,
      Reuters  -  190 words
    • Article, Illustration
      Lock icon SALVOS LIGHT UP THE SKY AS SIHANOUK IS CREMATED
      72 20 [PHNOM PENH] The mourning period for Cambodia’s late King Norodom Sihanouk who died on Oct 15 of a heart attack, culminated with an elaborate cremation ceremony. After sunset, Sihanouk’s son King Norodom Sihamoni and widow, Queen Mother Norodom Monineath, both weeping,
      PHOTO: AP  -  72 words
    • Article
      Lock icon Europe investigators uncover soccer match-fixing
      525 20 A joint inquiry has identified about 680 suspicious matches Reuters [THE HAGUE] European investigators have uncovered evidence that hundreds of soccer matches at club and national level were fixed around the globe in a scam run from Singapore, police said yesterday. A joint inquiry by
      Reuters  -  525 words
    • Article
      Lock icon Tepco gets US$7.5b more to help victims
      197 20 Reuters [TOKYO] Fukushima nuclear plant operator Tokyo Electric Power Co (Tepco) yesterday received approval to tap the Japanese government for US$7.5 billion more funds to compensate those harmed by the worst nuclear disaster since Chernobyl. Tepco issued a statement saying the Ministry of
      Reuters  -  197 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Qantas modifies network ahead of Emirates tie-up
      388 21  -  Perth-S’pore flights cut to one per day; KL added to combined network By VEN SREENIVASAN [SINGAPORE] Qantas has announced a series of changes to its international network before its planned alliance with Emirates kicks off in April. These include changes to its flights
      PHOTO: AFP  -  388 words
    • Article
      Lock icon JAL profit dips 3.7% for first nine months
      275 21 AP [TOKYO] Japan Airlines, which made a comeback from bankruptcy last autumn, says its net profit fell 3.7 per cent in the first three quarters of 2012, but the carrier raised its full-year profit estimate despite the impact from its grounded Boeing
      AP  -  275 words
    • Article
      Lock icon TRANSPORT STOCKS
      240 21 SGX '000 Feb 4 S$ +/-Vol CH Offshore Chuan Hup Hldg 0.30 unch 2784 Cosco Corp 0.95 unch 4419 CWT Ltd Ezra Hldgs 1.21 -0.02 1unch First Ship Lea 0.13 -0.01 3127 Freight Links 0.08 unch ***** Grand Banks............unch unch 0 Jaya Hold Ltd 0.71 0.01 2874 K1Ventures
      240 words
    • Article
      Lock icon Draft document on Arctic oil spills too vague: critics
      585 21 Re uters [OSLO] Arctic nations’ plans to start cooperating over oil spills are vague and fail to define companies’ liability for any accidents in an icy region opening up due to global warming, environmentalists said. A 21-page document by the eight-nation
      Reuters  -  585 words
    • Article, Illustration
      Lock icon Etihad earnings triple as partnerships widen
      462 21  -  By VEN SREENIVASAN [SINGAPORE] Abu Dhabibased Etihad Airways had what it calls a “game-chang-ing year” last year. It clocked a net profit of US$42 million for 2012, up 200 per cent on 2011’s US$14 million, helped by strong improvements in revenues and passenger numbers.
      462 words
    • Article
      Lock icon BOC Aviation prices US$50m of 10-yr notes
      214 21  -  By VEN SREENIVASAN [SINGAPORE] BOC Aviation has priced a private placement of US$50 million of 10-year senior unsecured fixed rate notes. The transaction, arranged by HSBC, was issued off BOC Aviation’s US$2 billion Euro Medium Term Note (EMTN) Programme established in September last
      214 words
  • Page 21 Advertisements
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      25 21 (R Ik Lianhe Zaobao Analysts: Housing markets in China's ist-tier cities spiralling ont of control j'r iEHIISSS To subscribe,call 6388 3838 or go to sphsubscription.com.sg
      25 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      352 21 CRYPTIC CROSSWORD Across 1 Spoil green food no end getting wine (7) 5 Salvation Army taking part in unrefined campaign? (7) 9 Thrill in Kent, say, with son entering race (9) 10 Linger in south coast resort by river (5) 11 Painting technique in a spot restyled after one month
      352 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Lack of support could clip air travel growth
      493 22 EDITORIAL LAST week, Changi Airport reported that its passenger numbers had surged some 10 million since 2010 to surpass 52 million. Flight movements grew 7.6 per cent to 324,700, but cargo volumes declined 3.2 per cent to 1.81 million tonnes a trend
      493 words
    • Article, Illustration
      Lock icon US economy’s growth will be sluggish for a while longer
      809 22  -  THE BOTTOM LINE LEON HADAR Washington Correspondent ANOTHER month goes by and another US job report is issued, and it seems that it’s deja vu all over again, to quote one of Yogi Berra’s famous witticisms. The American economy added
      809 words
    • Article, Illustration
      Lock icon Pakistan trudges a risky economic path
      988 22  -  The debt burden, which stands at 15.2t rupees, is ballooning due to the uncontrolled federal budget deficit, excessive borrowings, and rupee depreciation By SAJJAD ASHRAF The writer is an adjunct professor at the Lee Kuan Yew School of Public Policy, National University of Singapore,
      PHOTO: AFP  -  988 words
    • Article, Illustration
      Lock icon Boosting attraction of govt schemes
      1108 23  -  Conditions should be eased for the productivity tax perk, M&A allowance, older-worker wage subsidy, among others By POH BEE TIN, ANG LEA LEA The writers are tax services partners at Ernst Young Solutions LLP. The views expressed are their own THE fourth quarter upturn in
      PHOTO: REUTERS  -  1,108 words
    • Article, Illustration
      Lock icon The GOP: Making the world safe for fraud
      889 23  -  As history shows, the financial industry’s wealth and influence can all too easily turn those who are supposed to serve as watchdogs into lap dogs instead PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner
      PHOTO: AFP  -  889 words
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  • Article
    Lock icon SHIPPING TIMES
    1610 24 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
    1,610 words
  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      46 24 PLACE YOUR AD HERE The Business Times Shippi I CALL JOE WOP g Times IG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? The Business Times Shipping Times
      46 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3364 25 Transaction date: Feb 4 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 Day Last Quote 11 6.6 AEM --AAT C'vr 159.5 98.5 AIMSAMPIReit 158cd -0.5 2132 159 158
      3,364 words
    • Article
      Lock icon SGX CATALIST
      226 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale (‘000) High Low Buyer Seller Cvr P/E Smil .inch
      226 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10340 26 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** 1.13/ Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond Global Emerging Markets!** Asian Smaller Cos!** 1 939?/ EM Local Ciy Bond 1.012/ European Opportunities!" 1.159/
      10,340 words
    • Article
      Lock icon GLOBALQUOTE
      274 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 25.5 AVJennings A39 +2 4 39 39 39 41.5 3.6 9 3.1 101.6 45 30 Genting HK US$ US43.5 -0.5 7302 44 42.5 43 43.5 2864.3
      274 words
    • Article
      Lock icon SGX ETF
      992 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 118 20 118 118 117.6 119 538.6 135.9 120.4 CIMB APAC Div 100S$D 135.8 136.5 137.5 111.7 95.8 CIMB APAC
      992 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      632 27 Feb 4 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.16 *****.49 *****.74 Mar13 *****.00 *****.00 *****.00 *****.00 *****5 *****7 Jun13 *****.00 *****.00 *****.00 *****.00 46 4018 MSCI TAIWAN INDEX FUTURES SPOT 282.39 285.04 282.39 Feb13 281.90 285.50 281.50 284.90 ***** *****2 Mar13 283.50
      632 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 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 5.9
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 27 Feb 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.039 6.493 0.766 8.082 55.265 100.745 0.967 11.308 3.228 1.234 101.886 42.288 1.291 9.250 0.948 30.808 31.008 0.663 1.042 Canada 0.962 6.249
      470 words
    • Article
      Lock icon SIBOR
      69 27 Feb 4 (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$) 3 mths 0.***** 3 mths 6 mths 6 mths 0.***** 9 mths 12 mths 12 mths 0.*****
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    • Article
      Lock icon PRECIOUS METALS
      133 27 Feb 4 GOLD(US$/oz) Feb 01 Feb 04 Hong Kong 1672.00 1677.60 Jan 31 Feb 01 London 1663.43 1668.30 1664.36 1669.30 Source: Thomson Reuters CAST BAR Feb 04 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 149 66 5gm 423 332 10gm 756 663
      133 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      92 27 Feb 4 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 02-May-13 0.26 6-Month BS*****Z 25-Jul-13 0.27 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 99.93 99.98 99.98 5-Year N*****0Z 2.375
      92 words
    • Article
      Lock icon PALM OIL
      57 27 Feb 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 13 2550.0 2512.0 2550.0 2485.0 951 4534 Mar 13 2558.0 2528.0 2563.0 2525.0 3143 ***** Apr 13 2586.0 2557.0 2592.0 2552.0 ***** ***** May 13 2599.0 2576.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Feb 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2904 1.2913 1.0419 1.0423 Canadian dollar 1.2420 1.2426 1.0030 1.0028 Euro 1.6850 1.6859 1.3605 1.3608 NZ dollar 1.0458 1.0467 0.8444 0.8449 Sterling pound 1.9454 1.9467 1.5708 1.5713
      154 words
    • Article
      Lock icon CHICAGO BOT
      108 27 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 13
      108 words
    • Article
      Lock icon LIFFE
      80 27 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$/tonne) Close Prev High/Low Mar 13 2049 2009 2052/2012 May 13 2055 2011 2059/2009 Jul 13 2061 2018 2066/2021 Sep 13 2067
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      909 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 724 4.55 15 AlliedTech W*****2 Ratio Asiatravel.com HoldingsW*****7 5.4 1 25 17 Asiatravel.com HoldingsW*****5 5.5 1 27 41 Prem Best World Intl Ltd W*****5 6.5
      909 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 27 CRUDE OIL PRODUCTS Feb 1 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 116.02 0.70 WTI (Near Mth) 97.61 0.18 Dubai (1-Mth F) 110.91 1.08 Tapis blend 122.01 1.04 Minas 118.11 1.04 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 108.72 -0.17 Jet Kerosene 132.02 0.93 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Feb 4 S$ Bid Offer 1-month 1.2386 1.2390 2-months 1.2386 1.2390 3-months 1.2386 1.2390 6-months 1.2385 1.2389 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      67 27 Feb 1 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
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Feb 4 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.324 1.261 Can dollar 1.272 1.212 Euro 1.732 1.650 Sterling pound 1.984 1.908 NZ dollar 1.084 1.023 US dollar 1.265 1.205 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 27 Feb 4 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.08 US$ 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
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  • PROPERTY
    • Article, Illustration
      Lock icon Proposal to halt building in NY flood zones
      1059 28 Some properties could be turned into dunes, wetlands or other natural buffers NYT [NEW YORK] Governor Andrew Cuomo is proposing to spend as much as US$400 million to purchase homes wrecked by Hurricane Sandy, have them demolished and then preserve the flood-prone
      NYT  -  1,059 words
    • Article, Illustration
      Lock icon Dutch architect to build house with world’s biggest 3D printer
      676 28 AFP [THE HAGUE] A Dutch architect has designed a house “with no beginning or end” to be built using the world’s largest 3D printer, harnessing technology that may one day be used to print houses on the moon. Janjaap Ruijssenaars,
      AFP; PHOTO: AFP  -  676 words
    • Article, Illustration
      Lock icon Colorado communities fight against energy land leases
      1215 29 Drilling threatens economy rooted in tourism and organic farms: residents NYT [PAONIA, Colorado] For a glimpse into the complications of US President Barack Obama’s “all of the above” energy policy, follow a curling mountain road through the aspens and into central Colorado’s North
      NYT; PHOTO: MATTHEW STAVER/THE NEW YORK TIMES  -  1,215 words
    • Article
      Lock icon Washington Post may sell its downtown HQ to relocate
      584 29 Bloomberg [NEW YORK] Washington Post Co may sell its downtown headquarters to relocate to a property that will make its operations more efficient, following similar moves by newspaper companies throughout the United States. “Once we removed the presses from this building
      Bloomberg  -  584 words
    • Article
      Lock icon JP Morgan joins gold rush for rental homes
      1084 30 With a sustained recovery in US housing in 2012, more are cashing in on buying and then renting out homes Bloomberg [NEW YORK] JPMorgan Chase Co is giving its wealthiest clients the chance to invest in the single-family rental market after other
      Bloomberg  -  1,084 words
    • Article, Illustration
      Lock icon US construction hiring jumps as housing rebounds
      555 30 AP [WASHINGTON] During last year’s housing recovery a question loomed: where are all the construction jobs? The answer arrived last Friday in a government report that showed the best hiring for the US building industry since the peak of the housing boom. Construction
      AP; PHOTO: AFP  -  555 words
    • Article, Illustration
      Lock icon HK eyes cooling steps as high debt adds to home risks
      401 30 Bloomberg [HONG KONG] Hong Kong monetary chief Norman Chan said more measures are possible to cool the city’s housing market as elevated household debt adds to risks from propertyprice gains over the past four years. Debt is “near historic
      Bloomberg  -  401 words
    • Article
      Lock icon Sydney homes for sale plunge to 3-year low
      276 30 Bloomberg [SYDNEY] Sydney home sale listings plunged 13 per cent in January from a year earlier to the lowest level in three years as interest rate cuts spur property purchases, according to SQM Research Pty. Homes offered for sale online dropped to
      Bloomberg  -  276 words
    • Article
      Lock icon Best Western to open its first Myanmar hotel in 2013
      694 30 Group is looking at locations, including Yangon, Mandalay Bloomb erg [SYDNEY] Best Western International Inc, the world’s second-largest closely held hotel chain, will open its first Myanmar property in 2013, taking advantage of friendlier investment rules and a shortage of
      Bloomberg  -  694 words
  • Page 28 Advertisements
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      102 28 Chee Hoon Avenue Unique selling points: 8 Land Size: 1,410.6 sq m 15,184 sq ft (Approx.) Quiet and desirable GCB neighbourhood; Easily accessible via Adam Rd, Lornie Rd, Dunearn Rd; Conveniently accessible to major expressways like PIE, CTE andAYE; Auspicious house number; Regular and elevated GCB land parcel; Walking distance
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      304 28 160 CHANGI ROAD Rare Commercial Asset Management Redevelopment Opportunity Prime boutique commercial building along Changi Rd Freehold Tenure Approx. 300 metres to Eunos MRT Station Close to future Raya debar Commercial Elub Site Area: 1.669.8 sq m 17,974 sq ft GFA: 5,036.14 sqm/54,208 sq ft Sale with vacant possession For
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      208 28 m Rare Mohamed Sultan Stunner! Best Value!! Fully Developed Commercial/ResidentialZoning Single Conservation Terrace Building ft Comprises 6 tasteful units ft Fully Tenanted with good returns ft Immediate Revenue! ft 999 years since 1841 ft Local Purchasers Eligible ft Approximately 8,000 sq ft ft Good Value at $16m! Plus! Foreigners can
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      97 29 PRIME BUNGALOWS D11, Linden Drive, potential for redevelopment Land 9,860 sf, FH, Zoned 2-sty semi-detached Near good school amenities Expression of Interest Closing: 26 Feb 2013 (Tue) at 3pm D10, Holland Rise GCB Area Land 15,090 sf, FH, 6+2 with pool Excellent condition, near Holland Village Expression of Interest Closing:
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      207 29 6 levels of retail space with 458 allocated car parking lots. GFA: Retail approx. 321,148 sqft/car park approx. 212,790 sqft Excellent frontage and visibility Catchment of more than 1.5m population within 15 minutes’ drive Close to complimentary and supporting uses. Easy accessibility via major highways and Serdang KIM Station. Ease
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