The Business Times, 12 February 2013

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

Microfilm: NL32491
Total Pages: 35
1 36 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    19 1 THE BUSINESS TIMES www.businesstimes.com.sg TUESDAY, FEBRUARY 12, 2013 S$1 .00 MICA (P) O74/O8/2012 S|5l A SINGAPORE PRESS HOLDINGS PUBLICATION
    19 words
  • Article, Illustration
    Lock icon China weighs its prospects as Year of the Snake slithers in
    869 1  -  By Shu-Ching Jean Chen Hong Kong WHAT’S in store in this Chinese Year of the Snake and a black water snake at that? The question takes on an added significance given that Xi Jingping, who is taking the helm
    PHOTO: AP  -  869 words
  • Article, Illustration
    Lock icon World primed for financing revolution
    819 1  -  Without it, major economies such as China won’t be able to meet funding needs: report By Anthony Rowley Tokyo Malminderjit Singh Singapore A FINANCING revolution is needed if the long-term funding demands of the world’s major advanced and emerging economies, especially China, are to be
    Source: McKinsey Global Institute  -  819 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      61 1 SME Inc Carnivore is now all set to expand 12 PRODUCTIVITY MATTERS Making the initial impression count 14 COMMENTARY Treat gold buyback schemes as investment products 6 PATEK PHILIPPE GENEVE Begin your own tradition. a THE HOURGLASS SINGAPORE TAKASHIMAYA S.C. T: 65-6734 2420 TANG PLAZA 7:65-6235 7198 KNIGHTSBRIDGE 7 65-6884
      61 words
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon Dow taking another shot at a new peak
      800 2  -  WALL STREET INSIGHT By Rob Curran THIS week, the Dow Jones Industrial Average will take another run at the records it narrowly missed last week and the week before. The Dow closed a few points shy of the 14,000 mark last Friday
      800 words
    • Article
      Lock icon London may host yuan clearing bank
      559 3  -  After making its appointments in Asia, China looks further afield By Hong Yonnex Li EJ Insight Hong Kong CHINA is widely tipped to target London for its next clearing arrangement in the Chinese currency after rolling across Asia. The country’s central bank said on
      EJ Insight  -  559 words
    • Article
      Lock icon Correction
      46 3 IN “Sakae applies for receivers for certain assets at Griffin” (BT Weekend, Feb 9), it was incorrectly reported that non-executive director Andy Ong Siew Kwee had resigned from the board of Sakae Holdings. He is still on the board. We are sorry for the error.
      46 words
    • Article
      Lock icon Export of Swiss watches to S’pore declines in 2012
      865 4  -  But despite the dip, the Republic is one of top 1 0 export markets for Swiss timepieces By Chuang Peck Ming peckming@sph.com.sg Singapore LUXURY timepieces still sold like hot cakes in almost all major markets last year as Swiss exports crossed
      865 words
    • Article, Illustration
      Lock icon Learn from the snake and prosper in the stock market
      559 5  -  Investment bank Hwang-DBS Vickers offers strategies on how to come out ahead By Pauline Ng btworld@sph.com.sg Kuala Lumpur TO beat the market, investors should embrace the qualities of the snake in what is its year from Feb 10. Learn its
      PHOTO: BLOOMBERG  -  559 words
    • Article
      Lock icon DB Platinum
      11 5 db X-MACRO Trading Index Fund I4D 31/01/2013 90,84 GBP
      11 words
    • Article, Illustration
      Lock icon One definition to rule them all
      1173 6  -  Regulators should treat gold buyback schemes as investment products and legislate them accordingly COMMENTARY Kenneth Lim kenlim@sph.com.sg Correspondent PRECIOUS metal sell-and-buy-back schemes are investment products and should be regulated as such. The companies that have been offering them have been exploiting a loophole in
      1,173 words
    • Article, Illustration
      Lock icon Pope Benedict to resign due to age
      635 7 His resignation will take effect at 8pm on Feb 28; 2 mths before he turns 86 Bloomberg Reuters AFP Vatican City POPE Benedict XVI, saying he no longer has the strength to lead the world’s one billion Catholics, will resign from the papacy
      Bloomberg; Reuters; AFP; AFP FILE PHOTO  -  635 words
    • Article, Illustration
      Lock icon What the Year of the Water Snake might bring
      1390 8  -  Although Water years have proven to be dampeners in the stock market, it is not possible to predict there will be a rebound By Wee Le Ting ltwee@sph.com.sg Singapore SCALY, venomous, insidious these are common terms to describe snakes. The belief
      PHOTO: AP  -  1,390 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      123 2 are V 3-inno'' 1 7'Co-creating customer ex perie«^./„ (7 l( Vi Grown.jJ stakeholder power *pp!& a/Ue 3D taking on I f> 4? V < Corporate governance overhaul a, ionJ Managing comp\ eX1^ Why I ...is IMD the best executive education investment YOU can make at a time like this? Because
      123 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      102 3 Work flat out, seven days a week. From 2 February, fly to Brisbane and Abu Dhabi daily, with Etihad. Enjoy a guaranteed fully-flat 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 Chauffeur
      102 words
Page thumbnail Page 4
Page thumbnail Page 5
Page thumbnail Page 6
  • Page 6 Advertisements
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      86 7 PEARL ISLAND Sentosa Cove, Singapore vib I m I i I *1# '..I ■"nil -no It —Jfc m re-3 as Artist s impression Only 19 fabulous bungalows for the discerning few Sentosa Cove The world's most desirable address. Exclusive oceanfront international residential community. Pearl Island 4 levels of exquisite living
      86 words
Page thumbnail Page 8
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      18 9 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements NOTICES CLA/FEB1 1/g
      18 words
    • Advertisement
      Lock icon Page 9 Advertisements Column 2
      74 9 MONDO SERVICES INC. Company No.*****30 (In Voluntary Liquidation) NOTICE is hereby given pursuant to Section 204 (1)(b) of the BVI Business Companies Act, 2004 that MONDO SERVICES INC. is in voluntary liquidation. The voluntary liquidation commenced on 31st January 2013 and LAM HOI WA at 1803-4 St. George’s Building, 2
      74 words
    • Advertisement
      Lock icon Page 9 Advertisements Column 3
      254 9 KAT3 NOTICES NOTICE OF MEETING OF CREDITORS In The Matter Of The Companies Act, Cap. 50 And In the Matter of KEN CLARK INTERNATIONAL PTE LTD (Co. Reg. No.*****8682K) (In Creditors’ Voluntary Liquidation) NOTICE IS HEREBY GIVEN, pursuant to Section 296 of the Companies Act, Cap. 50 that a Meeting
      254 words
    • Advertisement
      Lock icon Page 9 Advertisements Column 4
      307 9 NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATOR KEN CLARK INTERNATIONAL PTE LTD (Co. Reg. No. *****8682K) (In Provisional Liquidation) (Incorporated in the Republic of Singapore) Take notice that Mr. Lim Yeong Seng, CPA, Approved Liquidator of Kong, Lim Partners LLP, 13A Mackenzie Road, Singapore *****6 has been appointed provisional liquidator of
      307 words
Page thumbnail Page 10
  • COMPANY NEWS
    • Article, Illustration
      Lock icon Sellers back on track, buying stays low
      1643 10  -  Several significant corporate shareholder trades in run-up to CNY. INSIDE MARKETS By Robert Halili ~The writer is managing director, Asia Insider Ltd. BUYING was low for the third straight week while sellers got back on track, based on Feb 4-8 Singapore Exchange filings.
      1,643 words
Page thumbnail Page 11
  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Paul Heng’s life is all about helping others
      899 11  -  That’s what the staunch Christian does in his job as well as in his personal life, supporting several social causes both here and abroad By Wee Le Ting ltwee@sph.com.sg IN his professional life, Paul Heng is the managing director of NeXT Career
      899 words
Page thumbnail Page 12
  • SME INC
    • Article, Illustration
      Lock icon Carving a succulent slice of the market
      1239 12  -  After succeeding in Singapore, Carnivore is now all set to expand into the region. By Lisa-Ann Lee btnews@sph.com.sg WHAT does it take for a local F&B group to expand locally and overseas? For Starworth, the company behind Brazilian churrascaria restaurant Carnivore, it’s a
      PHOTO: ARTHUR LEE  -  1,239 words
    • Article, Illustration
      Lock icon The abiding value of ethics in business
      1094 13  -  Troubles may arise even if you fully comply with the law but fail to fulfil ethical obligations. By El’fred Boo THE VIEW FROM NTU PROFESSORS By El'fred Boo ~The writer is an associate professor of accounting at Nanyang Business School. His research interests
      FILE PHOTO  -  1,094 words
Page thumbnail Page 13
Page thumbnail Page 14
  • PRODUCTIVITY MATTERS
    • Article, Illustration
      Lock icon Making the initial impression count
      838 14  -  OCBC overhauls first touch point for new customers. FINANCIAL SERVICES By Victoria Ho vhoip@sph.com.sg OCBC attracts some 200,000 new customers each year who open new accounts with the bank. The typical process involves lots of paperwork from the customers, and a manual transcription over to
      838 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
    • Article, Illustration
      Lock icon How DBS slashed customer wait times
      1422 15  -  DBS’s journey to higher productivity starts with bringing about a mindset shift. By Teh Shi Ning By Teh Shi Ning tshining@sph.com. sg BANKS have not traditionally paid much attention to designing, managing and improving processes. But DBS has been working to change this by
      1,422 words
Page thumbnail Page 15
Page thumbnail Page 16
  • WORLD
    • Article, Illustration
      Lock icon G-7 taking action to calm fears of a currency war
      630 16 Group expected to issue statement on exchange rates this week Bloomberg London THE Group of Seven nations plan to release a statement on exchange rates this week to calm concerns that the world is on the brink of a currency
      Bloomberg; PHOTO: BLOOMBERG  -  630 words
    • Article
      Lock icon 30b dirhams of Arab Spring funds enter UAE
      386 16 Reuters Dubai ABOUT 30 billion dirhams (S$10 billion) of funds have flowed into the United Arab Emirates (UAE) over the past two years from countries hit by the Arab Spring uprisings, the UAE’s prime minister said yesterday. “We received 30 billion dirhams
      Reuters  -  386 words
    • Article
      Lock icon Bookmakers pay out early on United winning title
      306 16 AFP London RIVAL betting firms Betfred and Paddy Power have seen enough of the Premier League race to take the gamble of paying out early on Manchester United winning the title, despite the fact there are still 12 matches to play. Betfred
      AFP  -  306 words
    • Article
      Lock icon Australia summons tech giants over pricing
      443 17 Committee wants Microsoft, Apple and Adobe to explain why their prices in other countries are lower AFP Sydney GLOBAL technology giants Microsoft, Apple and Adobe were yesterday ordered to appear before a pricing inquiry examining the of-ten-higher cost of tech goods in Australia compared
      AFP  -  443 words
    • Article, Illustration
      Lock icon Obama speech to focus on jobs, families
      763 17 Bloomberg Washington US President Barack Obama will use his State of the Union address today to focus on job creation and the struggles of American families, marking a renewed emphasis on the economic issues that defined his first term. Mr Obama will offer
      Bloomberg; PHOTO: AFP  -  763 words
    • Article
      Lock icon Call to defer bank bonuses for up to 10 years
      456 18 This would boost responsible risk-taking and ensure financial stability: BOE panel member Bloomberg Washington BANKERS’ bonuses should be deferred for as long as 10 years to hold executives accountable for risks, says Robert Jenkins, a member of a Bank of
      Bloomberg  -  456 words
    • Article, Illustration
      Lock icon Ben Affleck’s Argo wins best film award at BAFTAs
      727 18 AFP London IRAN hostage crisis drama Argo won the best film prize at Britain’s BAFTA awards on Sunday in a further boost for US actor-di-rector Ben Affleck’s movie ahead of the Oscars later this month. At a rainy but celebritypacked ceremony
      AFP; PHOTOS: AP, REUTERS and AFP  -  727 words
    • Article, Illustration
      Lock icon US wind farm emits rays of hope
      772 19 The first such facility off the Atlantic coast should finally produce electricity by 2015 AFP Washington EUROPE: 1,662 turbines; United States: zero. After delays that left the American industry years behind other nations, the first wind farm off the US coast should finally
      AFP; PHOTO: BLOOMBERG  -  772 words
    • Article
      Lock icon ‘Revolving door’ hurts SEC reforms: report
      449 19 Reuters Washington FORMER US Securities and Exchange Commission (SEC) staffers who now work in the private sector may have helped derail last year’s effort to reform the US$2.6 trillion money market fund industry, a report says The case study on money market fund lobbying
      Reuters  -  449 words
    • Article
      Lock icon Bitter year for Swiss chocolate with strong franc
      347 19 AFP Geneva SWISS chocolate makers were left with a bittersweet taste in their mouths last year as a strong Swiss franc melted away the appetite for their products, the top industry body said last Friday. Switzerland’s 18 chocolate manufacturers, including such brands
      AFP  -  347 words
    • Article, Illustration
      Lock icon EU growth drive: France faces Berlin wall
      666 20 German-led EU budget wrangling leaves Hollande an isolated figure in demanding more generous spending Reuters Paris FRENCH efforts to divert Europe from economic austerity have foundered twice in a week because of German resistance, underlining a growing policy divide that is hobbling the
      Reuters; PHOTO: AP  -  666 words
    • Article
      Lock icon Barclays directs clients to Russia for yields
      488 20 Bloomberg New York BARCLAYS plc is advising clients to take shelter from rising US Treasury yields in Russian state-run companies as they offer the highest rates in emerging markets bar Venezuela and Ukraine. Dollar bonds from companies including OAO Gazprom and VTB Group,
      Bloomberg  -  488 words
    • Article, Illustration
      Lock icon Grammys shared among many on music’s big night
      829 21 Rockers The Black Keys, indie band fun. and singer Gotye shared the top prizes AFP Los Angeles INDIE pop band Fun., rockers The Black Keys and Austra-lian-Belgian singer Gotye shared the top prizes on Sunday at the Grammys, in an eclectic year
      AFP; PHOTOS: AP, REUTERS and AFP  -  829 words
    • Article
      Lock icon Formula 1 turning to pay-as-you-go drivers
      375 21 Team owners forced by current economic climate AFP Paris IN the harsh financial realities which now dictate Formula One, it really does pay to know the right people. Pay drivers are not a new phenomenon but the current economic climate, biting into this glamorous
      AFP  -  375 words
    • Article, Illustration
      Lock icon Madrid approves ‘Eurovegas’ mega-casino
      544 22 But Spanish protest groups fear a project of this scale could unwittingly attract illegal activity and prostitution Reuters Madrid A SPRAWLING gambling resort near Spain’s capital is due to create thousands of much-needed jobs when it opens in 2017, but opponents question the economic benefits and
      Reuters; PHOTO: REUTERS  -  544 words
    • Article
      Lock icon Cameron urges Scots not to break up nation
      355 22 AFP London BRITISH Prime Minister David Cameron on Sunday urged Scotland to avoid breaking the nation apart, saying that it had the best of both worlds as things are. In his latest attempt to convince Scots ahead of a referendum on independence
      AFP  -  355 words
    • Article
      Lock icon Europe’s horsemeat scandal spreads
      544 22 AFP Paris THE Europe-wide scandal over horsemeat sold as beef spread on Sunday as leading French retailers pulled products from their shelves and threats of legal action flew. France promised the results of an urgent inquiry into the scandal within days and the government announced crisis
      AFP  -  544 words
    • Article, Illustration
      Lock icon China now world’s biggest trading nation
      993 23 Customs administration reports the country’s 201 2 trade in goods amounted to US$3.87t Bloomberg Beijing CHINA surpassed the US to become the world’s biggest trading nation last year as measured by the sum of exports and imports of goods, official figures from both countries
      Bloomberg; PHOTO: AP  -  993 words
    • Article
      Lock icon India’s new stock exchange to compete with BSE, NSE
      234 23 Bloomberg Mumbai MCX Stock Exchange Ltd (MCX-SX) will compete with the BSE Ltd and National Stock Exchange of India Ltd (NSE) beginning yesterday after the bourse’s equity derivatives trading was inaugurated by Finance Minister Palaniappan Chidambaram. The new exchange’s benchmark SX40
      Bloomberg  -  234 words
    • Article
      Lock icon Falling Asian currencies no threat to China
      483 24 Economists say impact of falling Japanese yen and Korean won will be mild in the short-term EJ Insight Hong Kong CHINA is little affected by falling currencies in other Asian countries, notably Japan and South Korea, as their exports are not in direct
      EJ Insight  -  483 words
    • Article
      Lock icon Report warns of overinvestment by new Chinese local govts
      224 24 Xinhua Beijing CHINA should guard against impulsive investment by newly elected local governments and overinvestment in the name of urbanisation, warns a report by the strategic planning department of the Agricultural Bank of China. The report said that in 2012 most
      Xinhua  -  224 words
    • Article, Illustration
      Lock icon India on track for high growth by 2015
      516 24 AFP New Delhi INDIA’S economy can “recapture the magic” and return to high-growth of 7 to 8 per cent in the next couple of years, picking up from a decade-low expansion, the finance minister said on Saturday. Earlier last week, India’s Central
      AFP; PHOTO: AP  -  516 words
    • Article, Illustration
      Lock icon Bakrie group to sell media unit
      775 25 This will help finance a plan to buy back coal assets from London-listed Bumi Plc Reuters Jakarta INDONESIA’S politically influential Bakrie family is in talks to sell its majority interest in media unit PT Visi Media Asia to help finance a plan to buy
      Reuters; FILE PHOTOS  -  775 words
    • Article, Illustration
      Lock icon Fewer CNY fireworks in polluted Beijing
      415 25 AP Beijing THE annual Chinese New Year fireworks barrage in Beijing was notably muted on Sunday following government appeals to reduce the smoky celebrations after air pollution rose to near-catastrophic levels over recent weeks. The holiday was also being celebrated in Vietnamese and Korean
      AP; PHOTO: AP  -  415 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      36 17 KISS92Z All the great songs in one place Oifck A KISS92 t m MiMF CATCH THE NISSAN KISS 92 KISS MOBILE TUNE IN TO KISS 92 TO FIND OUT WHERE WE’LL BE! kiss92.sg facebook.com/kiss92fm Q @kiss92fm
      36 words
Page thumbnail Page 18
Page thumbnail Page 19
Page thumbnail Page 20
Page thumbnail Page 21
Page thumbnail Page 22
Page thumbnail Page 23
Page thumbnail Page 24
Page thumbnail Page 25
Page thumbnail Page 26
  • AVIATION
    • Article
      Lock icon String of mid-air brawls shocks Russians
      676 26 Lawmakers call for harsher punishment, including jail time, for aggressive behaviour by drunk passengers on planes AFP Moscow A RED-FACED man shouts and pulls the hair of a Russian airline steward, shaking him by the shoulders and shoving him. A passenger intervenes, but the
      AFP  -  676 words
    • Article, Illustration
      Lock icon Emirates sees 18-20% income rise for full year
      483 26 AFP Dubai DUBAI’S Emirates Airlines expects its year to March 2013 income to rise by 18 to 20 per cent. The airline announced this as the emirate officially opened the world’s first concourse dedicated to Airbus A380 superjumbos on Sunday. The Middle
      AFP; PHOTO: REUTERS  -  483 words
  • Page 26 Advertisements
Page thumbnail Page 27
  • SHIPPING
    • Article
      Lock icon Anchored rig not subject to Alaska property tax
      403 27 State official’s statement adds new dimension to row over drillship’s potential tax liability Reuters Anchorage, Alaska THE stricken Shell rig that has been anchored for a month in a bay off Kodiak Island is not subject to an Alaska oil and gas
      Reuters  -  403 words
    • Article, Illustration
      Lock icon Lifeboat accident kills 5 crewmen
      363 27 AP La Palma, Canary Islands A LIFEBOAT being used in a safety drill aboard a cruise ship in Spain’s Canary Islands fell about 20 metres into a port on Sunday when a cable snapped, trapping crew members beneath it and killing five of them, officials
      AP; PHOTO: AP  -  363 words
    • Article
      Lock icon Carnival cruise ship adrift after fire
      194 27 Reuters Mexico City THE Carnival Triumph, a cruise ship owned by Carnival Corp under its Carnival Cruise Lines brand, was adrift 241 kilometres off southern Mexico’s Yucatan peninsula on Sunday after a fire that caused no injuries, the company said in a statement. The
      Reuters  -  194 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      348 27 Across 1 Perseverance in row as Egypt undergoes change (7,5) 9 Limited period for structure after backing issue (9) 10 King George takes no part in struggle for fruit (5) 11 Stand close, anticipating river (6) 12 Go away and sell tickets for fight to the death (5-3) 13 Obstruction
      348 words
Page thumbnail Page 28
  • Article
    Lock icon SHIPPING TIMES
    1431 28 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New
    1,431 words
  • Page 28 Advertisements
Page thumbnail Page 29
  • Page 29 Advertisements
    • Advertisement
      Lock icon Page 29 Advertisements Column 1
      30 29 Legal services required by shippers owners Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327. The Business Times Shipping Times advs
      30 words
Page thumbnail Page 30 / 31
  • PERSPECTIVE
    • Article, Illustration
      Lock icon Time for a change
      1051 30 / 31  -  Scourges like climate change until recently described as a future threat –are now clear and present dangers. By Jeffrey D Sachs By By Jeffrey D Sachs ~The writer is professor of sustainable development, professor of health policy and management, and director of the Earth Institute at
      Project Syndicate; PHOTO: AFP  -  1,051 words
    • Article
      Lock icon A ‘responsible Budget’ for India
      873 30 / 31  -  There are fears that the upcoming Budget, with elections due in 2014, will be dominated by sops and handouts By Neeta Lal ~The writer is a New Delhi-based senior journalist INDIA’S Finance Minister Palaniappan Chidambaram has outlined the contours of the forthcoming national Budget, which
      873 words
Page thumbnail Page 32
  • FINANCE & COMMODITIES
    • Article
      Lock icon LIFFE
      79 32 Feb 8 COCOA (£/tonne) Close Prev High/Low Mar 13 1442 1457 1463/1440 May 13 1447 1461 1467/1446 Jul 13 1457 1470 1474/1455 Sep 13 1465 1479 1484/1463 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2123 2098 2145/2102 May 13 2119 2079 2131/2084 Jul 13 2124 2086 2133/2100 Sep 13 2130
      79 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 32 Feb 08 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.304 1.242 Can dollar 1.271 1.211 Euro 1.698 1.618 Sterling pound 1.984 1.908 NZ dollar 1.067 1.007 US dollar 1.264 1.204 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • Article
      Lock icon METALS
      67 32 Feb 8 GOLD(US$/oz) Feb 07 Feb 06 Hong Kong 1684.00 1680.30 Feb 08 Feb 07 London 1667.43 1679.41 1668.27 1380.33 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 39.48 38.83 Source: UOB PLATINUM/ Lon (US$/oz) Feb 08 Close Previous PM Fix 1714.00 1736.00 AM Fix 1715.00 1730.00 Source:
      67 words
    • MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        20 32 YTD change: +3.26% 52-week high: 3,319.19 on Feb 4,2013 52-week low: 2,698.90 on June 4,2012 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Hang Seng Index
        20 32 YTD change: +2.46% 52-week high: 23,944.74 on Feb 4,2013 52-week low: 18,056.40 on June 4,2012 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        22 32 YTD change: +7.20% 52-week high: 2,478.38 on Feb 27, 2012 52-week low: 1,949.46 on Dec 4,2012 Source: Bloomberg
        Source: Bloomberg  -  22 words
      • Article, Illustration
        Lock icon Nikkei 225
        20 32 YTD change: +7.29% 52-week high: 11,498.42 on Feb 6, 2013 52-week low: 8,238.96 on June 4,2012 Source: Bloomberg
        Source: Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        21 32 YTD change: +6.78% 52-week high: 14,022.62 on Feb 9,2013 52-week low: 12,035.09 on June 4,2012 Source: Bloomberg
        Source: Bloomberg  -  21 words
    • Article
      Lock icon CHICAGO BOT
      102 32 Feb 8 SOYBEANS (5,000 bu min; USc/60 lb bushels) Previous High/Low Mar 13 1452.50 1486.75 1494.75 1451.00 May 13 1436.75 1473.25 1479.75 1435.25 Jul 13 1425.50 1462.25 1468.75 1423.75 Aug 13 1388.75 1431.50 1436.25 1387.50 SOYBEAN/OIL(60,000 lbs; USc/lb) Close Previous High/Low Mar 13 51.43 51.85 52.19 50.94 May
      102 words
    • Article
      Lock icon PALM OIL
      57 32 Feb 8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 13 2468.0 2470.0 2468.0 2468.0 47 1675 Mar 13 2530.0 2524.0 2537.0 2509.0 1013 ***** Apr 13 2558.0 2551.0 2562.0 2532.0 9452 ***** May 13 2571.0 2568.0
      57 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      90 32 Feb 8 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 09-May-13 0.26 6-Month BS*****Z 12-Aug-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*****0S 0.25 01-Feb-13 99.95 100.00 100.00 5-Year N*****0Z 2.375
      90 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 32 Feb 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2760 1.2773 1.0302 1.0306 Canadian dollar 1.2408 1.2424 1.0024 1.0018 Euro 1.6591 1.6605 1.3395 1.3398 NZ dollar 1.0347 1.0360 0.8354 0.8359 Sterling pound 1.9466 1.9482 1.5716 1.5719
      154 words
    • Article
      Lock icon OIL
      68 32 Feb 08 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 118.23 1.85 WTI (Near Mth) 95.79 0.08 Dubai (1-Mth F) 112.58 -0.04 Tapis blend 123.43 0.23 Minas 119.93 0.23 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 114.42 1.48 Jet Kerosene 136.54 1.32 US$/barrel OpecOil Basket Price 114.44
      68 words
    • Article
      Lock icon LONDON METALS
      69 32 Feb 8 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2080.25 2060.50 3 months 2119.00 2099.00 Copper, Grade A (US$/tonne) Cash 8259.50 8164.50 3 months 8294.00 8200.00 Lead (US$/tonne) Cash 2408.25 2397.00 3 months 2421.00 2410.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 32 In local curr In S$ In US$ dy yr dy yr dy yr Feb 8 Index Change Change Change Change Change Change World Preliminary 994.9 0.4 6.0 0.4 6.7 0.6 5.3 EAFE Preliminary 820.2 0.4 5.9 0.5 5.6 0.7 4.3 Europe Preliminary 1196.2 0.9 4.3
      373 words
Page thumbnail Page 33
  • PROPERTY
    • Article, Illustration
      Lock icon Danes guarding mortgage system jealously
      933 33 Denmark will do all it takes to ensure home-loan model isn’t wiped out by Basel’s proposed liquidity rules Bloomberg Copenhagen DENMARK is ready to do for its two-centuries-old mortgage system what European Central Bank President Mario Draghi has done for the euro: whatever it takes.
      Bloomberg; PHOTO: BLOOMBERG  -  933 words
    • Article
      Lock icon UK home prices inch up in January: report
      563 34 Average price in London seen rising 31% by end of decade Bloomberg London UK house prices rose in January as strains in the mortgage market eased and funding costs fell, Acadametrics Ltd said. The average price of a home in England and
      Bloomberg  -  563 words
    • Article, Illustration
      Lock icon Emaar surges to four-year high on property rebound
      465 34 Bloomberg Dubai EMAAR Properties PJSC rose to the highest level since the beginning of Dubai’s real-estate crash more than four years ago amid bets profit at the developer of the world’s tallest tower will benefit from a property recovery. The stock soared
      Bloomberg; PHOTO: BLOOMBERG  -  465 words
    • Article, Illustration
      Lock icon S Korea apartment sales slide 21% in 2012
      729 35 It was the biggest fall in 6 years, leading to expectations of further price declines There are fears that South Korea’s housing market will enter a long-term recession due to structural problems such as an ageing population and retiring baby boomers as
      Xinhua; PHOTO: BLOOMBERG  -  729 words
    • Article
      Lock icon Morgan Stanley fund may invest in India office development
      257 35 Reuters Mumbai THE global real estate fund of Morgan Stanley is in talks with the Wadhwa Group to invest nine billion to 10 billion rupees (S$207-230 million) in an office development in India’s financial capital of Mumbai, three sources familiar with
      Reuters  -  257 words
    • Article, Illustration
      Lock icon Greece seeks minimum £22m for UK property
      655 36 It’s selling consul’s London home along with properties in cities such as Brussels, Belgrade Bloomberg Athens GREECE set a minimum bid price of £22 million (S$43 million) for a London townhouse, one of six overseas properties the government is selling to help pay
      Bloomberg; PHOTO: BLOOMBERG  -  655 words
    • Article, Illustration
      Lock icon No fall in Spanish home prices in January
      419 36 WP Madrid EXISTING home prices in Spain were little changed last month, the first month without a decline in three years, according to Fotocasa.es and IESE Business School. The average price for a house was 1,890 euros (S$3,136) a square metre compared
      WP; PHOTO: AFP  -  419 words
Page thumbnail Page 34
  • Page 34 Advertisements
    • Advertisement
      Lock icon Page 34 Advertisements Column 1
      56 34 T PROPERTY 0 m rnu mi 8 m Weld Ra H ?utt/o S f up P£R 6800sf </mi e ln ®a) FH Ample p k 0Mne 9- No GST7 reguia^shapg ™P! 16hf SSD^^HoABsTn* ~AMPLt PARKING Check this and many other properties in CATS Classified in The Straits Times now! WATS
      56 words
Page thumbnail Page 35
  • Page 35 Advertisements
    • Advertisement
      Lock icon Page 35 Advertisements Column 1
      87 35 REALSTAR Y r THE LEADING BUNGALOW SPECIALIST j Winner, Singapore Prestige Brand 2009 A quaint and charming home situated on a sprawling ***** sqft of land. Expect lush flora and fauna to capture your senses as you enter, all meticulously keptThis rare gem bespeak of idyllic pristine English old charm.
      87 words
Page thumbnail Page 36