The Business Times, 22 February 2013

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

Microfilm: NL32492
Total Pages: 32
1 32 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Friday, February 22, 2013
    25 words
  • Article
    Lock icon JTC’s change of rule catches Reits offguard
    902 1  -  They have to pay land premium upfront, not rental, for industrial buildings on JTC sites By KALPANA RASHIWALA [SINGAPORE] Property funds like Reits buying industrial buildings from sellers on JTC-leased sites will have to re-do their sums. From the beginning of this year,
    902 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,287.60 (-21.29) HST INDEX FUTURES 3,288.00 (-21.00) HSIMSCI 371.84 (-2.53) HSIMSCI FUTURES 371.60 (-2.80) US$ S$ US$ (S$ per US$) 1.240 (US$/S$ per 1.519 1.883 EURO (US$/S$/€) 1.326 1.644 Foreign currency per US$ S$ YEN 93.50 75.40 RM 3.107 2.506 HK$ 7.755 6.257 BAHT 29.87 24.09 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      48 1 Thursday Change KL COMP 1,614.05 +0.72 NIKKEI 225 11,309.13 -159.15 HANG SENG 22,906.67 -400.74 SET INDEX 1,528.74 -17.90 JAKARTA COMP 4,632.40 -2.05 MANILA COMP 6,667.41 +18.84 SEOUL COMP 2,015.22 -9.42 SHENZHEN B 818.80 -18.46 MUMBAI IND 19,325.36 -317.39 11am EST Change DOW 13,874.11 -53.43 NASDAQ 3,145.79 -18.62
      48 words
    • Article
      Lock icon PRIME RATES
      25 1 SINGAPORE 5.38 MALAYSIA HONG KONG HONG KONG 5 00 TAIWAN 13.372 TAIWAN 5.036 BRITAIN 1.475 KOREA CANADA BRITAIN 0.50 INDIA 3.25 Source: Bloomberg
      25 words
  • Article, Illustration
    Lock icon Tiger may stalk out of Australia, if thwarted
    694 1  -  It could shut down operations if VA deal isn’t approved BY VEN SREENIVASAN [SINGAPORE] Tiger Airways is contemplating shutting down its loss-making Australian operations if it does not get regulatory approval to sell its controlling stake to Virgin Australia (VA). BT understands
    FILE PHOTO  -  694 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      97 1 ART Sculpted portals PAGE 31 COMPANIES CapitaLand profit slips 44.9% in Q4 PAGE 5 STOCKS Fed concerns about QE rattle global markets PAGE 12 BUDGET 2013 Tax tweaks, green perks top MNCs’ wishlist PAGE 16 is now on Twitter follow us @BTbreakingnews EXECUTIVE LIFESTYLE OSCAR FEVER Get the lowdown on
      97 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      23 1 BT PROPERTY CLASSIFIEDS BT’s CATS property feature is now available to BTO subscribers. To subscribe to BT Property Classifieds, email cats8@sph.com.sg PAGES 18-21
      23 words
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon Tax tweaks may keep Singapore’s edge
      538 2  -  Corporate, indirect taxes unlikely to change but other taxes can be tuned By TEH SHI NING [SINGAPORE] Corporate tax rates globally continued to fall in 2012 as governments reduced them to attract investments. Indirect tax rates, on the other hand, continued to rise as
      538 words
    • Article
      Lock icon Jobs top citizen Budget feedback
      398 2  -  Transport, housing were two other hot feedback topics TEH SHI NING [SINGAPORE] Employment was the topic on which gov-ernment-citizen engagement arm Reach received the most comments during its pre-Budget 2013 feedback exercise. More than a fifth of the 1,300 comments Reach received, via its online
      398 words
    • Article, Illustration
      Lock icon Lim may have had a conflict of interest: SCDF officer
      876 2  -  By GRACE LEONG [SINGAPORE] A Singapore Civil Defence Force procurement specialist in Peter Lim’s sex-for-contracts trial yesterday testified that the former SCDF commissioner may have had a conflict of interest relating to an April 6, 2011 tender. In his examination
      STRAITS TIMES PHOTO  -  876 words
    • Article
      Lock icon GM spins wheels in Indonesia with new models
      754 2  -  By JEFFREY HUTTON in Jakarta A DAY after unveiling its Chevrolet Spin, which will go head-to-head against Japanese rivals for a share of Indonesia’s record-break-ing vehicle market, General Motors (GM) local chief said that the next step is winning customer trust. “We
      754 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      374 2 JTC’s rule change catches Reits offguard PROPERTY funds like Reits buying industrial buildings from sellers on JTC-leased sites will have to re-do their sums. From the beginning of this year, they have to fork out a land premium upfront to JTC for the remaining part of the lease
      374 words
    • Article
      Lock icon Consumer prices flat in January
      563 4 Tame inflation also makes it easier for the Fed to continue stimulating growth LATEST US DATA AP Bloomberg [WASHINGTON] US consumer prices were flat last month, the latest sign inflation is in check. That could give the Federal Reserve room to continue its efforts to
      AP; Bloomberg  -  563 words
    • Article, Illustration
      Lock icon SE Asia’s growth could trigger credit curbs
      394 4  -  REUTERS BREAKINGVIEWS By ANDY MUKHERJEE SOUTH-EAST Asia’s heady debt-fuelled growth is beginning to resemble the unsustainable mid-1990s boom. But authorities are shy to raise interest rates as doing so could attract more overseas capital, stoking inflation and financial instability. Direct curbs on credit
      394 words
    • Article, Illustration
      Lock icon Maybank posts record profit of RM5.74b
      564 4  -  By PAULINE NG in Kuala Lumpur BOOSTED by sustained growth across most business sectors and robust contributions from its global operations, Malayan Banking Bhd (Maybank) posted a near 18 per cent jump in full-year net profit to a record RM5.74 billion (S$2.3 billion). Revenue
      FILE PHOTO  -  564 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      64 2 Catxih'ihB GREAT WILDEBEEST MIGRATION 9D7N Kenya EtTanzania Luxury Migration Tour Special highlight; Follow the herd in luxurious mobile tents From S***** per person 11D9N Kenya Tanzania Leisure Tour Special highlight: Take time to explore i the safaris From S7988 per person For more inspiring Journeys, do contact us at 6737
      64 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Lock icon Page 2 Miscellaneous Column 1
      36 2 SINGAPORE E POOLS I I '!V^r^ii^. $10 MILLION Hong Bao Draw Fri, 22 Feb 2013, 9.30pm Visit www.singaporepools.com.sg for details. IpLAY® Always play with care. [responsibly! Do not bet illegally. RGB Reg No: *****0202G SINGAPORE E
      36 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      248 3 e 119 9I9I9 52 s. Vi V V v aa ft n fv 1 l 7-' r k E KB b k ommHomI sijkh. lncpeJiblc experiences d :MII rr“" H Eg g > rnfj ,v;«jy a V B£ •?l k i riif *fc ri r^rrn: y i <r*v' •^zFPPF spofewooie
      248 words
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      551 4 Moving Your Business Communication One Step Closer to Success Who should attend: Marketing PR Consultants, Senior and Middle Management, General Management, Sales Business Development Managers and Customer Service Personnel Supervisors. 2013 FEBRUARY SERIES &L r/AN J r i'j. affiiBa Awarded Best in Cross Media Advertising (Silver) for Asian Digital Media
      551 words
Page thumbnail Page 5
  • COMPANY NEWS
    • Article, Illustration
      Lock icon CapitaLand net profit in Q4 slips 44.9%
      750 5  -  Fall due to lower valuation and portfolio gains, and higher impairment By MINDY TAN SHARES of CapitaLand beat a retreat yesterday, slipping 2.7 per cent to $3.90, after the group said its fourth-quarter net profit dropped 44.9 per cent to $262.7 million, even
      750 words
    • Article
      Lock icon Sembmarine Q4 profit down 27%
      579 5  -  Revenue up 38 per cent to $1.38b in same quarter By LYNN KAN RIGBUILDER Sembcorp Marine has reported a 27 per cent drop in its Q4 net profit, which fell from $229 million to $167 million. The fall was attributed to sharply lower margins recognised
      579 words
    • Article
      Lock icon Genting S’pore Q4 profit slumps 50%
      536 5  -  By LEE U-WEN GENTING Singapore the casino operator that runs the Resorts World Sentosa (RWS) integrated resort posted a 50 per cent fall in fourth-quarter net profit attributable to shareholders. The earnings of $133.2 million for the three months ended Dec 31, 2012, compare
      536 words
    • Article
      Lock icon Institutional investors bullish on IPOs: survey
      489 7  -  Reasons cited include brighter corporate earnings outlook By ANDREA SOH INSTITUTIONAL investors are back in the initial public offering (IPO) game, as they grow a bigger appetite for risk-bearing assets and re-allocate capital to equities from the bond market. Four in five institutional investors
      489 words
    • Article, Illustration
      Lock icon Hyflux 2012 profit up 15% on Asia contributions
      444 7  -  By CAI HAOXIANG WATER solutions firm Hyflux posted a 2012 net profit of $61 million, up 15 per cent from a year ago. This was mainly due to higher contributions from projects in Asia excluding China, which made up 73 per cent
      FILE PHOTO  -  444 words
    • Article, Illustration
      Lock icon Doubling of Q4 earnings lifts Ezion shares
      381 7  -  By LEE MEIXIAN SHARES of Ezion Holdings closed at an all-time high of $1.96 yesterday, up two cents, after it said its fourth-quarter earnings had almost doubled to US$20.5 million from US$10.5 million a year ago. Revenue for the three months to end-December
      Source: Bloomberg  -  381 words
    • Article
      Lock icon At a glance
      361 7 Full year ended Dec 2012 NET PROFIT (S$M) TURNOVER (S$M) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CapitaLand 930.35 1,057.31 -12.0 3,301.36 3,019.57 9.3 Genting S’pore 587.51 1,024.09 -42.6 2,948.08 3,223.09 -8.5 Sembcorp Marine 538.45 751.90 -28.4 4,430.12 3,960.23 11.9 Cosco Corp 105.69 139.67 -24.3 3,734.26 4,162.92 -10.3
      361 words
    • Article
      Lock icon Cosco (S) full-year earnings fall 24%
      434 7  -  By CARINE LEE COSCO Corporation (Singapore)’s full-year net profit slipped 24 per cent to $105.69 million. Turnover for the 12 months ended Dec 31, 2012, fell 10 per cent to $3.73 billion from 2011’s $4.16 billion, owing to a decrease in shipyard and dry
      434 words
    • Article
      Lock icon Chip Eng Seng Q4 profit up 36%
      372 7  -  By TEO SI JIA ROBUST sales in Chip Eng Seng Corporation’s property development front has sent its net profit 36 per cent higher to $39.21 million, from $28.83 million a year earlier. Earnings per share were 5.93 cents, up from 4.35 cents. Net
      372 words
    • Article, Illustration
      Lock icon Sheng Siong Group’s Q4 profit more than doubles
      371 7  -  By CARINE LEE SHENG Siong Group Ltd saw its net profit for the fiscal fourth quarter ended Dec 31, 2012, more than doubling to $7.99 million from $3.75 million a year ago. This came on the back of higher revenue and improved
      FILE PHOTO  -  371 words
    • Article
      Lock icon QAF reports 42% slump in earnings
      441 8  -  Full-year profit falls to $34.4m in the absence of one-time writeback; revenue up slightly By NISHA RAMCHANDANI QAF saw a 42 per cent year-on-year slide in net profit to $34.4 million for the full year ended Dec 31, 2012, as other operating expenses were
      441 words
    • Article, Illustration
      Lock icon SIAS backs MIIF’s plan to amend fee structure
      512 8  -  By LEE MEIXIAN MACQUARIE International Infrastructure Fund (MIIF) has sought to amend its management fee structure in order to return value to shareholders, and has the backing of Securities Investors Association of Singapore (SIAS) on this. According to an agreement sealed in
      512 words
    • COMPANY BRIEFS
      • Article
        Lock icon Bank of Singapore to get new MD
        142 8 LEONG Wai Leng, who helms OCBC Bank’s banking subsidiary in China, is returning to Singapore as managing director and head of corporate planning and services at Bank of Singapore from April 1. Bank of Singapore is OCBC’s private banking subsidiary. OCBC’s current head
        142 words
      • Article
        Lock icon Keppel Corp among Citi world champions
        79 8 KEPPEL Corp has emerged as one of Citi Research’s “world champions”, and is the only locally-listed company to appear on the list. The industrial conglomerate joins the ranks of Blackstone, Google, Inditex and Microsoft on a list of global companies that have been whittled
        79 words
      • Article
        Lock icon Midas Hldgs expects big earnings drop
        65 8 MIDAS Holdings said it expects to record a significant drop in its unaudited revenue and net profit for the year ended Dec 31. This is mainly due to lower revenue, higher operating expenses and finance costs, and loss from associated company Nanjing SR Puzhen
        65 words
      • Article
        Lock icon KS Energy back in the black
        102 8 OIL and gas services provider KS Energy Limited yesterday reported profit attributable to shareholders of $1.3 million, a turnaround from its loss of $78.8 million in 2011. The group saw revenue rise 42 per cent to $698.1 million on the back of stronger performance
        102 words
      • Article
        Lock icon Ramba Energy narrows loss to $7.6m
        101 8 OIL and gas exploration group Ramba Energy narrowed its full-year loss attributable to shareholders to $7.6 million last year, from losses of $8.8 million in 2011. Revenue increased 10.6 per cent to $71.6 million, attributed mainly to a new logistics contract awarded in March
        101 words
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      276 5 Welcome to the sunny side n IU 7 k 4 J y Jl 3 it! aw i... liagst 2 S3 Wake up on the sunny side at the new Days Hotel at Zhongshan Park, featuring 405 bright and cheery rooms equipped with free Wifi and gym facilities. Savour authentic Mediterranean
      276 words
Page thumbnail Page 6
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Wall Street’s slide brings sellers out
      600 6  -  Concerns that US central bank might stop its money injections weigh on S’pore, Asian stocks STOCKS R SIVANITHY Senior Correspondent WALL Street’s unexpected collapse on Wednesday because of worries that the US central bank might stop its money injections reverberated around Asia yesterday, cutting
      Source: Bloomberg  -  600 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 6 Feb 21 VALUE CLOSE BT OB/OS 264.00 -86.00 BT CADI -*****.00 -288.00 BT 10-day MA -*****.00 +26.00 FTSE ST Mid Cap 819.69 -6.62 FTSE ST Small Cap 575.76 -6.85 FTSE ST All Share 811.27 -5.72 FTSE ST China Top 230.74 -2.16 FTSE ST China 262.67 -2.32 FTSE
      73 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 6 VOLUME GSH Corp 588,434,000 IPCO Intl 499,019,000 MDR 322,365,000 YHM 273,296,000 Thakral 223,277,000 ChinaACorp 179,827,000 Innopac 158,822,000 CEFC Intl 154,047,000 Oceanus 150,294,000 JiutianC 134,690,000 VALUE($) GSH Corp 73,259,941 CapitaLand 70,517,390 DBS Grp 70,232,005 Golden Agri 58,387,340 Keppel Corp 53,749,630 UOB 46,484,290 OCBC Bk 40,936,300 SingTel 40,568,285 Genting
      55 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 0 11 4 0 0 0 0 11 4 Manufacturing 37 89 31 5 16 5 42 105 36 Commerce 9 39 19 4 8 6 13 47 25 Tpt/Stor/Comms 8 24 11
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 197,862 197,862 89,972 89,972 Manufacturing 907,131 460,578 1,367,709 249,342 13,362 262,705 Commerce 1,331,152 87,318 1,418,470 218,589 9,518 228,107 Tpt/Stor/Comms 121,391 26,692 148,083 144,330 8,601 152,931 Finance 196,724 9,822 206,546 221,237 4,684 225,921 Construction 587,129 274,162
      121 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      954 6  -  Compiled by CAI HAOXIANG Venture Corporation Feb 21 close: $8.50 OCBC Investment Research, Feb 21 VENTURE Corporation (VMS) is slated to release its Q4 2012 results on Feb 28 after trading hours. We are forecasting revenue to remain flat YoY at $34.9 million and profit after tax and
      Source: Bloomberg  -  954 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      110 6 Stock name Close Change CapMallsAsia 2.100 -0.010 CapitaLand 3.900 -0.110 CapitaMall 2.180 -0.010 CityDev 11.260 -0.040 ComfortDelGro 1.930 -0.010 DBS Grp 15.150 -0.060 F&N 9.440 GLP 2.700 +0.010 Genting SP 1.500 -0.020 Golden Agri 0.650 HK Land 7.740 -0.080 IHH Healthcare 1.335 -0.005 JMH 62.600 -0.400
      110 words
    • Article, Illustration
      Lock icon Euro falls to six-week low against dollar
      473 6 CURRENCIES Reuters [LONDON] The euro hit a six-week low against the US dollar and fell more than one per cent against the yen yesterday, hurt by fresh evidence that the eurozone economy is struggling. Expectations that the US Federal Reserve may stop providing
      Reuters; PHOTO: REUTERS  -  473 words
    • Article
      Lock icon RISES
      100 6 BY CENTS CLOSE UP DBXT S&P Short 10US$ 3290 71.9 1.8 UOB.ES.1302 1949 12.0 0.6 STXPO 100 568 8.0 1.4 IFS Capital 54 6.5 13.7 Goodpack 185.5 5.0 2.8 SIA 1093 5.0 0.5 SIA 200 1095 5.0 0.5 DBXT MSWorld 10US$ 363 5.0 1.1 CapitaMall.ES.1302 216 4.0 1.9 Maxi-Cash
      100 words
    • Article
      Lock icon FALLS
      126 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -469.8 -2.4 DBXT Nifty 10US$ ***** -259.1 -1.9 DBXT FTVietnam 10US$ 2575 -221.9 -6.5 Lyxor China H 10US$ 1490 -138.8 -7.0 UOB 5.05%NCPS 100 ***** -50.0 -0.5 JMH 6260 -49.6 -0.6 DBXT MSTaiwan 10US$ 1858 -48.3 -2.1 DBXT S&P500 10US$ 2468 -45.9
      126 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
Page thumbnail Page 7
Page thumbnail Page 8
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      2364 8 WAIS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/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: Notice is also hereby given that new share certificates
      2,364 words
    • Advertisement
      Lock icon Page 8 Advertisements Column 2
      229 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ARCOT SOFTWARE PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg. No: *****7026G) (“the Company”) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to Section 308 of the Companies Act, Cap 50., the Final Meeting
      229 words
    • Advertisement
      Lock icon Page 8 Advertisements Column 3
      11 8 CATS Recruit The first door to your world of opportunities CLA/AUG06/g
      11 words
Page thumbnail Page 9
  • SINGAPORE NEWS
    • Article
      Lock icon Domestic wholesale trade down 3.8% in Q4 last year
      412 9  -  Drop attributed to lower sales of petroleum; foreign trade up 2.5% By NISHA RAMCHANDANI DOMESTIC wholesale trade slid 3.8 per cent year-on-year in 4Q12, partly due to lower sales of petroleum petroleum products, while foreign wholesale trade increased 2.5 per cent
      412 words
    • Article
      Lock icon Lawyer Lucien Wong to join Temasek board
      177 9 VETERAN lawyer Lucien Wong will join the board of Temasek Holdings on March 1 as a non-executive director, the sovereign wealth fund said on its website yesterday. Temasek and Mr Wong declined to comment on the appointment. Mr Wong took the chairmanship of
      177 words
    • Article
      Lock icon Forbes exec promoted to Asia CEO
      191 9 FORBES Asia president and publisher William Adamopoulos has been promoted to the newly created role of CEO for Asia. Mr Adamopoulos, who joined Forbes Media in 1999, was responsible for launching Forbes Asia, on top of local editions such as Forbes China, Forbes Korea
      191 words
    • Article
      Lock icon Singapore space industry takes off
      476 9  -  New office to support local projects, forge global partnerships By NATHANIEL CHEW SINGAPORE’S space industry is set to reach new heights. The country has set up the multi-agency Office for Space Technology and Industry (OSTIn) to oversee the growth of Singapore’s fledgling space industry, specifically
      476 words
    • Article, Illustration
      Lock icon New coin series to be issued mid-year
      396 9  -  Coins will be progressively sized and feature national icons and landmarks By GRACE NG AFTER more than 25 years, the coins in circulation here are about to get a makeover. Singapore’s third coin series will be issued in the middle of this year
      396 words
    • Article
      Lock icon Dulwich College to set up campus here
      319 9  -  By WEE LE TING BRITISH independent school Dulwich College International plans to open a campus in Singapore in August next year. The school, Dulwich’s seventh in Asia, will be situated on a 5-hectare site in Bukit Batok West. By the completion of the
      319 words
    • Article
      Lock icon Shaw Centre to undergo revamp
      405 9  -  New Urban Plaza will be built over public concourse By WEE LE TING SHAW Centre, built in 1972, will be undergoing its biggest transformation in almost 30 years. This is expected to help it exploit its full potential at the highly desired Orchard Road and
      405 words
    • Article
      Lock icon Stepan’s Jurong Island plant begins operations
      401 9  -  By RONNIE LIM A “recycled”, first-genera-tion, biodiesel plant on Jurong Island which had previously become defunct due to high palm oil prices –is finally in operation, more than two years after it was first acquired by its new owner, US speciality chemicals maker Stepan
      401 words
    • Article
      Lock icon Dyson's $100m plant to create 210 jobs here
      317 9  -  By AMANDA TAN VACUUM-CLEANER maker Dyson is set to open a $100 million plant here, creating 210 jobs of which around a third call for highly-skilled engineers and technicians. This expansion comes as Dyson recorded a turnover of $2 billion for the
      317 words
Page thumbnail Page 10
  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Standard Life says it will not support Rothschild’s plan
      1047 10 UK financier’s bid to oust most of Bumi board is likely to struggle Bloomberg [LONDON] Standard Life plc said on Tuesday that it won’t support Nathaniel Rothschild’s plan to replace 12 of Bumi’s 14 directors, including its chief executive officer and
      Bloomberg; PHOTO: AFP  -  1,047 words
    • Article
      Lock icon Axiata profit up 7.1%, doubles dividends
      327 10 Bloomberg [KUALA LUMPUR] Axiata Group Bhd, Malaysia’s largest mobile phone operator, almost doubled its proposed annual dividend payout to RM3 billion (S$1.2 billion) after boosting profits. The company, based here, declared a final dividend of 27 sen per share, including a special dividend of
      Bloomberg  -  327 words
    • Article
      Lock icon Indonesia misses sukuk auction target on inflation risks
      459 10 Bloomberg [JAKARTA] Indonesia has failed to reach its sukuk auction target for the first time since last October as buyers sought higher yields to compensate for accelerating inflation. The Finance Ministry sold 1.05 trillion rupiah (S$ 133.6 million) of fiveand 24-year Islamic
      Bloomberg  -  459 words
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      1417 10 WATsa NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices AREIF (SINGAPORE I) PTE. LTD. (Company Registration No. *****2770D) (Incorporated in the Republic of Singapore) NOTICE TO BONDHOLDERS, BONDS TRUSTEE, PAYING AGENT, SECURITY TRUSTEE AND THE CENTRAL DEPOSITORY (PTE) LIMITED Trust Deed dated 24 September 2010 (the “Trust Deed”) Between (1) AREIF
      1,417 words
Page thumbnail Page 11
  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Beijing orders action on surge in home prices
      729 11 Cities told to set firm measures to cool market after January rebound Bloomberg [SHANGHAI] China told local authorities to “decisively” curb real estate speculation and take steps to rein in the property market after prices rose the most in two years last
      Bloomberg; PHOTO: AP  -  729 words
    • Article
      Lock icon Foxconn hiring freeze fuels slowdown fears
      523 11 Apple shares hit but analysts link move to HP’s cutbacks Bloomberg [TAIPEI] Foxconn Technology Group, the maker of products including Apple’s iPhone, said it was freezing hiring at factories in China, fuelling concern about a slowdown in consumerelectronics demand and prompting Apple to fall.
      Bloomberg  -  523 words
    • Article
      Lock icon India leads forecast of salary rises
      412 11 Wages in subcontinent projected to increase by more than 10% this year AFP [NEW DELHI] Even with India’s economy growing at its slowest pace in a decade, average salaries in the country are projected to jump by more than 10 per cent in 2013,
      AFP  -  412 words
    • Article
      Lock icon More cotton import quotas planned
      161 11 Reuters [BEIJING] China is planning to issue more cotton import quotas to export-dependent textile mills that are struggling to protect margins as domestic prices soar due to a state stockpiling plan, state media reported yesterday. A rise in cotton purchases by China, the world’s top
      Reuters  -  161 words
    • Article
      Lock icon Indian PM wants responsible debate in parliament
      303 11 AFP [NEW DELHI] India’s Prime Minister Manmohan Singh yesterday urged lawmakers to engage in “responsible” debate as the government seeks to push the annual budget and controversial economic reforms to spur the economy through parliament. Mr Singh’s appeal came as parliament was to
      AFP  -  303 words
  • Page 11 Advertisements
Page thumbnail Page 12
  • ECONOMY WATCH
    • Article
      Lock icon Fed concerns about QE rattle global markets
      746 12 Stocks, euro fall as Fed minutes reveal talk about ending asset purchases AP Bloomberg AFP [LONDON] An unexpected indication from the US Federal Reserve that it is considering how to bring an end to its super-easy monetary policy rattled markets yesterday. Stocks fell,
      AP; Bloomberg; AFP  -  746 words
    • Article, Illustration
      Lock icon Looming spending cuts seen slowing growth
      877 12 Across-the-board arbitrary cuts will delay the start of recovery: analysts NYT [WASHINGTON] The fresh round of federal spending cuts scheduled to begin next week would slow economic growth in the next year, though not nearly as much as going over the so-called fiscal cliff
      NYT; PHOTO: AFP  -  877 words
    • Article
      Lock icon Japan manufacturers more optimistic: poll
      481 12 Weaker yen boosts sentiment, which rises for third month Reuters [TOKYO] Japanese manufacturers’ sentiment picked up for the third straight month in February and looks set to turn positive in the next few months, a Reuters poll showed, adding to expectations of a gradual economic
      Reuters  -  481 words
    • Article
      Lock icon S Korea trade data underscores weak global demand
      369 12 Reuters [SEOUL] South Korea posted almost no export growth for the year to date, latest official data showed yesterday, as the country’s next president pledged action on the rapid rise of its currency. South Korean exports for the Feb 1-20 period fell
      Reuters  -  369 words
    • Article
      Lock icon EC sees France missing deficit target
      252 12 Reuters [PARIS] European Commission estimates to be published today forecast France will post almost no economic growth this year and overshoot its fiscal deficit target, French radio RTL reported on Wednesday. But President Francois Hollande insisted France would not make up for a shortfall
      Reuters  -  252 words
  • Page 12 Advertisements
Page thumbnail Page 13
  • WORLD
    • Article
      Lock icon More firms taking the lid off cyberattacks
      907 13 Hacking revelations by NYT, Twitter, Facebook, Apple could encourage other victims to step forward NYT [SAN FRANCISCO] Hackers have hit thousands of US corporations in the past few years, but few companies ever publicly admit it. Most treat cyberattacks as a dirty secret
      NYT  -  907 words
    • Article, Illustration
      Lock icon Stanford’s fund-raising tops US$1b in 2012
      541 13 NYT [NEW YORK] Stanford last year became the first university to raise more than US$1 billion in a single year, according to the Council for Aid to Education’s annual college fund-raising survey. Partly because of large donations from entrepreneurial alumni who have made their
      NYT; PHOTO: AP  -  541 words
    • Article
      Lock icon College degree a must even for low-level jobs
      912 13 ‘Up-credentialling’ pushes less educated even further down the food chain NYT [ATLANTA] The college degree is becoming the new high school diploma: the new minimum requirement, albeit an expensive one, for getting even the lowest-level job. Consider the 45-person law firm of
      NYT  -  912 words
    • Article
      Lock icon Britain’s fashion graduates chase elusive dreams
      481 13 Reuters [LONDON] As London Fashion Week closes, Britain’s budding designers must tackle the challenge of finding employment in an economy where most recent university graduates are struggling for work and in an industry that is notoriously competitive. London has a reputation as a cradle
      Reuters  -  481 words
    • Article, Illustration
      Lock icon Tight-fisted companies deal blow to Abe’s revival plan
      681 14 85% of Japan firms not heeding call to raise wages to beat deflation: survey Reuters [TOKYO] Tight-fisted companies in Japan may prove the biggest obstacle in Prime Minister Shinzo Abe’s plan to push the sluggish economy into higher gear as they intend
      Reuters  -  681 words
    • Article
      Lock icon Horse meat scandal spreads to Asia, Americas
      501 14 Lasagne removed from HK shelves; Swiss uproar over horse farm conditions AFP [PARIS] The fallout from Europe’s horse meat scandal has spread far outside the continent, with an imported lasagne brand pulled from shelves in Hong Kong and a new row over the
      AFP  -  501 words
    • Article
      Lock icon Rates will not be kept too low: BOT governor
      485 14 Prasarn sees some signs of property market speculation Reuters [BANGKOK] Thailand’s central bank will not leave interest rates at very low levels, the governor said yesterday, a day after the Bank of Thailand (BOT) kept its policy rate on hold despite
      Reuters  -  485 words
    • Article, Illustration
      Lock icon Sony bills PS4 console as gaming's future
      559 15 But new gadget is unlikely to turn firm’s fortunes around, says Fitch AFP [NEW YORK] Sony unveiled a new generation PlayStation 4 system on Wednesday and laid out its vision for the “future of gaming” in a world rich with mobile gadgets and
      AFP; PHOTO: REUTERS  -  559 words
    • Article
      Lock icon Nike suspends contract with Pistorius
      204 15 AFP [LONDON] US sportswear giant Nike has suspended its contract with Oscar Pistorius, a company spokesman said yesterday, after the South African Paralympics star was charged with murdering his girlfriend. “Nike has suspended its contract with Oscar Pistorius,” the firm’s UK and Ireland spokesman told
      AFP  -  204 words
    • Article
      Lock icon Arms maker BAE initiates £1b share buyback
      393 15 Bloomberg [LONDON] BAE Systems plc, Europe’s largest arms maker, said that it will buy back shares worth as much as £1 billion (S$1.89 billion) over three years after demand outside the US and the UK helped swell its cash reserves. BAE gained as
      Bloomberg  -  393 words
    • Article
      Lock icon Facebook’s Saverin says Asia is the place to be
      419 15 AFP [SINGAPORE] Facebook co-founder Eduardo Saverin said yesterday the success of the social networking site would be hard to match, but he hoped to make an impact as an Asia-based technology investor. “It’s clearly a tough act to follow,” the 30-year-old
      AFP  -  419 words
    • Article
      Lock icon Chateau Latour climbs to 16-month high on Liv-ex
      510 15 A case of 2010 vintage trades for £10,994 Bloomberg [LONDON] A case of Chateau Latour 2010 traded for £10,994 (S$20,792) on the London-based Liv-ex wine market this week, its highest level for 16 months and part of a broader recovery by top
      Bloomberg  -  510 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      514 13 SCATS NOTICES In the Matter of The Companies Act (Cap. 50) and In the Matter of Sin Soon Lee Industrial Park Pte Ltd (In Liquidation) Reg. No. *****6647W Notice of Final Meeting Notice is hereby given that pursuant to Section 308 of the Companies Act, Cap 50 that the Final
      514 words
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      99 14 i u m f'm. Mva vs ORChMRD RCMD l| /I GREAT 1 STREET Al Free WIFI Available w LOSE YOURSELF ■^■the EXPERIENCE, NOT THE MALL. Sunlit atriums for dreamy walkways to link your favourite boutiques. At Paragon, you'll spend less time looking for the things you love, and more time
      99 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      58 15 brought to you by: PAVEWAY HOLIDAYS IA ***** I 25 1 00 TRANSIBERIAN RAILWAY Travel through lands accessible only by rail while enjoying the comforts of deluxe hotel gourmet meals. 90 LAKE BAIKAL MOSCOW OR HD BEIJING LAKE BAIKAL From $6868 per person For more inspiring journeys, do contact us
      58 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 2
      134 15 Ferrari FERRARI F 40 Typ: 120 AB, red,1989 KM: 4500 UNIQUE OPORTUNITY for more information visit our Homepage www.ferrari-f40.com Cipher: CCB017, Publicitas International P.O. Box, CH-4002 Basel SINGAPORE n 100 GREATEST U.S. COURSES BEST SHOTS CONSISTENTLY. HSBC WOMENS CHAMPIONS BOLFIN DANANG V l'l:M *********** 5 MOVESTO SOLID CONTACT THE MONSTERS
      134 words
Page thumbnail Page 16
  • EDITORIAL & OPINION
    • Article
      Lock icon Ignore the politics – Malaysia’s doing fine
      486 16 Ignore the politics Malaysia’s doing fine EDITORIAL MALAYSIA was one of the region’s most vibrant economies last year, expanding less than only the Philippines and Indonesia. Yet, a day after stellar economic data was released, the ringgit fell against the greenback (minus 0.2 per cent) and the stock market continued
      486 words
    • Article, Illustration
      Lock icon Abe needs to listen to his head, not heart
      781 16  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 JAPAN’S new prime minister, Shinzo Abe, will meet American president Barack Obama for the first time today in Washington in an attempt
      781 words
    • Article, Illustration
      Lock icon Tax tweaks, green perks top MNCs’ Budget wishes
      923 16  -  Fine-tuning tax regulations will help local and foreign enterprises to stay competitive By SHANKER IYER The writer is the chairman of the Singapore International Chamber of Commerce and also the head of the Chamber’s Tax Policy Committee S Singapore heads into the
      ST FILE PHOTO  -  923 words
    • Article, Illustration
      Lock icon Yet another game of Chicken (yawn)
      1203 17  -  As Obama gets tough on ‘sequestration’, the Republicans resort to obstructionism again. So what else is new? LEON HADAR Washington Correspondent THERE is almost no disagreement among officials, lawmakers and pundits in Washington (not to mention leading economists and investors on Wall Street) about
      PHOTO: REUTERS  -  1,203 words
    • Article, Illustration
      Lock icon Greenland won’t lose ties with Denmark easily
      919 17  -  By MARTIN BREUM JORGEN CHEMNITZ Martin Breum, a journalist with the Danish Broadcasting Corporation, is the author of ‘When the Ice Disappears’, about Denmark’s role in the modern Arctic. Jorgen Chemnitz is a photographer and a political columnist in Nuuk GREENLAND may well
      PHOTO: AFP  -  919 words
    • Article
      Lock icon PIC application process is straightforward: IRAS
      322 17 LETTER TO THE EDITOR YOUR editorial titled “Companies need more help to restructure” (BT, Feb 14) suggested simplifying the application process of the Productivity and Innovation Credit (PIC) scheme, “which appears excessively onerous to many companies”. Another commentary titled “Putting businesses on the path
      322 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      103 17 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words
Page thumbnail Page 18
  • PROPERTY
    • Article, Illustration
      Lock icon Form and function
      1188 18  -  One person’s dream kitchen can be another’s pain to maintain. Where having a functional cooking space is concerned, it boils down to understanding your personal habits first, reports LISA-ANN LEE reports LISA-ANN LEE A LARGE, airy kitchen kitted out with top-of-the-range professional appliances may be the dream
      1,188 words
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      452 18 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements B6ATSi>g)t D04 HOUSE FOR SALE COVE DRIVE Cove Dr. Sentosa. *****/ 8035 sqft. Colonial style design. Can park up to 10 cars. 4 bdrms ensuite. Facing golf course. $33M negotiable D10 HOUSE FOR SALE EAST SUSSEX LANE GCB at East Sussex Lane.
      452 words
    • Advertisement
      Lock icon Page 18 Advertisements Column 2
      106 18 D19 HOUSE FOR SALE SERANGOON GARDENS New 2.5-sty basement Heart of S’goon Gdns, 2449 /4560 sf, 7 rms, pool, shops. 2-sty Semi-D Jln Tani 3778 sf, 3+granny, quiet, no noon sun. D20 HOUSE FOR SALE JALAN LEBAN Off Upper Thomson Road. Single Storey corner terrace. Land 3434 sqft. Good for
      106 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      259 19 D24 HOUSE FOR SALE YUNNAN CRESCENT 2-storey Inter Terrace freehold. Built-up 3000 sf, 4 bdrms maid’s 4 toilets, 2 car lots. Tenanted. $3m. Call Said Abdullah 9379 2453 OT D26 HOUSE FOR SALE SPRINGLEAF DRIVE Semi-D (2½ storey). Freehold. Land 3550 sqft. Built-in 3100 sf. Only $4M. Kelly Tan 9008
      259 words
    • Advertisement
      Lock icon Page 19 Advertisements Column 2
      255 19 D04 APARTMENT FOR SALE CARIBBEAN AT KEPPEL BAY Caribbean Penthse. 2 level. 3208 sqft. 4 1 roof terrace. Waterfront view. Near MRT. Call Shirley 9387 7384 AP D04 APARTMENT FOR SALE REFLECTIONS AT KEPPEL BAY 3.5% Yield. Urgent seller! 3 bdrm. Sea/ golf view, high flr, Show flat. Only $3.3M!!
      255 words
    • Advertisement
      Lock icon Page 19 Advertisements Column 3
      232 19 D10 APARTMENT FOR SALE D’LEEDON 10-15% Discount!! Next to Farrer MRT near Town. Iconic building with superb facilities. Pls call 9660 4515 Douglas ERA for appointment. D10 APARTMENT FOR SALE D’LEEDON District 10. 10% 15% Disc! Best Buy! 3 bdrms 1615 sqft, $2.3xM+. 4 bdrms 1981 sqft, $2.5xM+ Garden Hse
      232 words
    • Advertisement
      Lock icon Page 19 Advertisements Column 4
      219 19 D11 21 APARTMENT FOR SALE GILSTEAD TWO Gilstead Two. 775 sqft. 2 bdrm F’hold. High floor. Panoramic view. Walk to Newton Novena MRT $1.9xM. For more details call Ron 8181 4534 D11 21 APARTMENT FOR SALE MAPLEWOODS Penthouse 2971sqft. Freehold. 5 rms, lush unblock view, quiet, best stack, sell fast
      219 words
    • Advertisement
      Lock icon Page 19 Advertisements Column 5
      231 19 D16 APARTMENT FOR SALE NEW PROJECT LAUNCH disc!!! 1 min to MRT! $6xxK up! 1/ 2/ 3/ 4 rms. Hurry! Call Winnie Wong to register as VIP now! D19 APARTMENT FOR SALE BARTLEY RIDGE Bartley Ridge, Mt.Vernon Rd. 1/2/3/4-rm Penthse. 2 mins MRT. Good schs. Register for VVIP preview now!
      231 words
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      486 20 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D11 21 HOUSE FOR RENT DUNEARN ROAD Newly rebuilt. 6500/ 9500 sqft. 4-levels, with pool. Opposite MRT, Botanic Gardens. Rental $27K. 9863 5635/ 9727 2996 Owner D11 21 HOUSE FOR RENT LORNIE 18 Cluster bungalow with home lift. Fantastic layout. Resort style.
      486 words
    • Advertisement
      Lock icon Page 20 Advertisements Column 2
      133 20 D08 SHOP FOR SALE SERANGOON ROAD $2.5M up! 2-sty single/ adjoining units. S’goon Rd/ Syed Alwi/ Dunlop St/etc. Arab St 2-sty shophses various sizes with tenancy. Foreigners eligible. D14 FACTORY FOR SALE UBI TECHPARK Popular! Ubi Techpark 2-storey terr, 5400 sqft, full reno office/ store, private lift, no void area.
      133 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      531 21 D22 FACTORY FOR SALE TUAS 58,000 sqft. B2 Factory in Tuas. Balance lease 11 years. Can top up lease subject to JTC Approval. View to offer. Constance Choo 9722 8812 D22 FACTORY FOR SALE ENTERPRISE HUB Enterprise Hub. 4206 sq ft, ramped up, mezzanine. Nicely renovated warehouse/ fitted offices/ storage.
      531 words
    • Advertisement
      Lock icon Page 21 Advertisements Column 2
      463 21 D08 SHOP FOR RENT JALAN BESAR PLAZA 950 sqft. Water supply. Shop Office. 2 free carparks. New reno. Immed. Owner 9786 8266 D09 SHOP FOR RENT MIRAGE TOWER Beauty Spa Centre, #01-08, 80 Kim Seng Road. Prime location. 1173 sf. Toilet. Child Care/ Others. Owner 9786 8266 D11 SHOP FOR
      463 words
    • Advertisement
      Lock icon Page 21 Advertisements Column 3
      146 21 FOREIGN PROPERTY FOR SALE NUSAJAYA IN MALAYSIA Medical/ Hotel Suites! Special guaranteed rental returns package. Rare!! Private Invite 23rd 24 February. Call Eileen 9684 7007 DWG FOREIGN PROPERTY FOR SALE NUSAJAYA IN MALAYSIA Nusajaya: Rare medical hotel suite, special package by invitation only. 23/ 24 February 2013. Call Cecilia 9452
      146 words
Page thumbnail Page 22
  • SHIPPING
    • Article, Illustration
      Lock icon Qantas almost trebles H1 profit
      680 22  -  Big boost from sale of logistics firm stake and compensation from Boeing By VEN SREENIVASAN [SINGAPORE] In what could be the start of its long-promised turnaround, Australia’s Qantas almost trebled its first-half profit to end-December 2012 to A$111 million (S$142 million) from A$42 million a
      PHOTO: AFP  -  680 words
    • Article
      Lock icon TRANSPORT STOCKS
      235 22 SGX '000 Feb 21 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.29 unch 775 Cosco Corp 0.95 -0.01 2650 Vol First Ship Lea 0.13 unch 1625 Freight Links 0.08 unch 8233 Grand Banks unch unch 0 Jaya Hold Ltd 225 K1Ventures Chuan Hup Hldg Keppel Corp 11.66
      235 words
    • Article, Illustration
      Lock icon Yacht Show to be bigger, more inclusive
      522 22  -  It will feature super-yachts as well as smaller vessels By MA XIANGYU [SINGAPORE] The Singapore Yacht Show this year promises to be bigger than last year’s. And while it will showcase a fleet of super-yachts, it will also turn the spotlight on smaller
      PHOTO: SINGAPORE YACHT SHOW  -  522 words
    • Article
      Lock icon Port Said protesters reject Morsi’s bid to appease them
      520 22 Strike disrupts Suez Canal operations for 4th day running NYT [CAIRO] Thousands of demonstrators in the Egyptian city of Port Said temporarily shut down the road to a major port at the Mediterranean entrance to the Suez Canal on Wednesday, brushing
      NYT  -  520 words
    • Article
      Lock icon VLCC rates gain on increased bookings
      351 22 Charter costs on the Saudi Arabia to Japan route up 4.2% Bloomberg [LONDON] Rates to charter the largest oil tankers on their busiest trade route gained the most this year as increased bookings curbed the glut of vessels. Charter costs for very large crude
      Bloomberg  -  351 words
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      124 22 MARINA BAY SANDS, SINGAPORE February 26 28, 2013 10:00 TO 18:00hrs www.bairdmaritime.com IS ALL IT TAKES TO CONTACT: ASIAN WORK BOAT 2013 EXHIBITION BUT, WITH SO MUCH TO SEE, ONE VISIT SURELY WON’T BE ENOUGH. ENTRY IS FREE– All Welcome! Don’t miss the FIVE ASSOCIATED CONFERENCES. Check our website for
      124 words
Page thumbnail Page 23
  • Article
    Lock icon SHIPPING TIMES
    2695 23 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New
    2,695 words
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      95 23 CONVENTIONAL CARGO SERVICE VESSEL VOY HKG SIN PKL TROPICAL VENUS 69 SLD 27/02 02/03 MARINE HORNBILL 33 08/03 10/03 SHINKEN ACE 102 07/03 13/03 15/03 OCEANIA QUEEN 13 07/03 14/03 16/03 SINGAPORE: BSA TRANSPORTATION PTE LTD 10 ANSON ROAD #12-04 INTERNATIONAL PLAZA S*****3 TEL: *****268 FAX: *****203 EMAIL: bsatpl@bsat.sg PORT
      95 words
    • Advertisement
      Lock icon Page 23 Advertisements Column 2
      18 23 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
      18 words
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Lock icon Page 24 Advertisements Column 1
      80 24 Importers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 the business times Shipping Times SpotlightAward Wins Recognition Come publicise your Award Wins Recognition, Ship Christenings Delivery of New Builds, Project Completion, Vessel Conversion Refurbishment, and Company Anniversaries.
      80 words
    • Advertisement
      Lock icon Page 24 Advertisements Column 2
      11 24 TO ADVERTISE IN The Business Times Shipping times CALL JOE WONG
      11 words
Page thumbnail Page 25
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3192 25 Transaction date: Feb 21 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 ('000) High Low Buyer Seller 164 104.5 AIMSAMPIReit --AAT Net P/E M Cap
      3,192 words
    • Article
      Lock icon SGX CATALIST
      182 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 0.1
      182 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      6712 26 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FundCl A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** 1.14/ Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond Asian Local Ccy SD Bond 1.0017/ Asian Smaller Cos!" 1 9648/ EM Local Ccy Bond 1.0143/ European
      6,712 words
    • Article
      Lock icon GLOBALQUOTE
      262 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 $mil 50 25.5 AVJennings A39 -1 26 40.5 39 39 40 3.6 9 3.1 101.6 45.5 30 Genting HK US$ US44.5 unch ***** 44.5 44 44 44.5 2930.1
      262 words
    • Article
      Lock icon SGX ETF
      940 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 $mil 126 107.1 ABF SG Bond ETF 118 -0.5 20 118 118 117.8 118.5 538.6 135.9 120.4 CIMB APAC Div 100S$D 135.8 133.8 134.7 111.7 95.8 CIMB
      940 words
Page thumbnail Page 26
Page thumbnail Page 27
  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      653 27 Feb 21 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.73 *****.11 *****.77 Mar13 *****.00 *****.00 *****.00 *****.00 *****4 *****2 Jun13 *****.00 *****.00 *****.00 *****.00 791 ***** MSCI TAIWAN INDEX FUTURES SPOT 289.94 289.94 286.99 Feb13 289.80 290.60 286.70 286.80 ***** *****9 Mar13 289.60
      653 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 20 Index Change Change Change Change Change Change World Preliminary 1004.3 -0.1 7.0 -0.4 7.1 -0.3 5.8 EAFE Preliminary 834.7 0.3 7.8 -0.1 6.4 0.1 5.0 Europe Preliminary 1216.1 0.0 6.0
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 27 Feb 21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.043 6.395 0.773 7.949 55.803 99.446 0.958 11.129 3.184 1.227 100.501 41.736 1.270 9.111 0.952 30.405 30.610 0.675 1.025 Canada 0.959 6.133
      470 words
    • Article
      Lock icon SIBOR
      66 27 Feb 21 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
      66 words
    • Article
      Lock icon PRECIOUS METALS
      135 27 Feb 21 GOLD(US$/oz) Feb 20 Feb 21 Hong Kong 1616.00 1578.00 Feb 19 Feb 20 London 1604.51 1581.01 1605.28 1581.78 Source: Thomson Reuters CAST BAR Feb 21 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 140 62 5gm 398 312 10gm 712 625
      135 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      92 27 Feb 21 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 23-May-13 0.26 6-Month BS*****S 22-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-13 100.09 100.14 100.04 5-Year N*****0Z 2.375
      92 words
    • Article
      Lock icon PALM OIL
      57 27 Feb 21 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 13 2477.0 2481.0 2485.0 2470.0 374 6684 Apr 13 2490.0 2513.0 2515.0 2490.0 1519 ***** May 13 2516.0 2536.0 2543.0 2513.0 ***** ***** Jun 13 2548.0 2553.0
      57 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Feb 21 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.302 1.240 Can dollar 1.247 1.188 Euro 1.686 1.606 Sterling pound 1.925 1.851 NZ dollar 1.070 1.010 US dollar 1.265 1.205 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 27 Feb 21 $S Offer Bid 0vernight 0.04 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.02 US$ 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 0.60 0.40 9 months 0.75 0.55 12
      157 words
    • Article
      Lock icon CHICAGO BOT
      108 27 Feb 20 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 13 1482.75 1470.25 1492.00 1466.50 May 13 1468.50 1457.25 1477.00 1453.50 Jul 13 1456.25 1445.50 1463.00 1441.50 Aug 13 1417.75 1403.75 1421.00 1403.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 13
      108 words
    • Article
      Lock icon LIFFE
      80 27 Feb 20 COCOA (£/tonne) Close Prev High/Low Mar 13 1404 1399 1409/1397 May 13 1413 1408 1420/1406 Jul 13 1425 1420 1431/1418 Sep 13 1434 1429 1439/1427 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2021 2006 2029/2007 May 13 2063 2044 2072/2045 Jul 13 2073 2056 2082/2055 Sep 13 2082
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      992 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 724 4.55 15 Conv Asiatravel.com HoldingsW*****7 4 unch 59 1 25 17 Asiatravel.com HoldingsW*****5 4 unch 59 1 27 41 BakerTech W*****5 14.8 0.2 3272
      992 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 27 CRUDE OIL PRODUCTS Feb 20 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 116.09 -0.87 WTI (Near Mth) 94.50 -2.03 Dubai (1-Mth F) 112.47 0.11 Tapis blend 123.21 0.05 Minas 119.71 0.05 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 111.83 -0.95 Jet Kerosene 135.37 -0.09 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Feb 21 S$ Bid Offer 1-month 1.2395 1.2396 2-months 1.2395 1.2397 3-months 1.2395 1.2397 6-months 1.2395 1.2397 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      65 27 Feb 20 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2060.75 2069.00 3 months 2103.00 2111.00 Copper, Grade A(US$/tonne) Cash 7925.50 8015.75 3 months 7960.00 8050.00 Lead(US$/tonne) Cash 2328.00 2353.50 3 months 2350.00 2375.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      65 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      150 27 Feb 21 Aulnn S5 Ai.ll.ul U$S LurtinciiN ma Off nr Kiri Ofm SStUSi to am- w\tt of «.uiroK| 1 >?«■ i ?ior •<M5» CrflMClMn doll.iT I4>fl i3l»n ii4nl iurc 1i*4« 1 k*A t 1 'Mb} N/ iluifai l.fc»V 1 Ottoj M $*>< pound 1 4UK IUn iiao
      150 words
Page thumbnail Page 28
  • executive lifestyle
    • Article, Illustration
      Lock icon Oscar fever
      792 28  -  The Academy Awards are not just about Tinseltown, as DYLAN TAN gives the lowdown on the high drama in Singapore that should win statuettes too, as well as BT’s pick of who should win on the big Hollywood night DYLAN TAN Best Song M v W, I 1
      PHOTO-ILLUSTRATION: JENNIFER CHUA  -  792 words
    • Article, Illustration
      Lock icon Riva and Spielberg set to make history
      606 28 Best Picture: Amour, Argo, Beasts of the Southern Wild, Django Unchained, Les Misérables, Life of Pi, Lincoln, Silver Linings Playbook, Zero Dark Thirty It will be a tight race between Argo, Life of Pi, Lincoln and Zero Dark Thirty. Amour would have been
      PHOTO: AFP  -  606 words
  • Page 28 Advertisements
Page thumbnail Page 29
  • CINEMA/BOOKS
    • Article, Illustration
      Lock icon The President’s mien
      698 29  -  Daniel Day-Lewis has few peers when it comes to chameleonlike transformations where he inhabits a role utterly and completely. Daniel Day-Lewis resurrects the full stature and demeanour of America’s 16th president in flawless form, reviewsGEOFFREY EU reviewsGEOFFREY reviewsGEOFFREY EU IMPORTANT affairs of state and other weighty issues
      PHOTOS: TWENTIETH CENTURY FOX; PHOTOS: DREAMWORKS/TWENTIETH CENTURY FOX  -  698 words
    • Article, Illustration
      Lock icon Washington’s Oscar high
      453 29  -  By DYLAN TAN AFTER a lengthy, ill-advised foray into animation, director Robert Zemeckis makes a return to live-action films with Flight, his first since 2000’s Cast Away. When it comes to character-driven dramas, there’s no denying Zemeckis’s golden touch as we’ve seen what he’s capable of with
      453 words
    • Article, Illustration
      Lock icon A Harvest of fallible characters
      561 29  -  BOOK REVIEWS By CHRISTOPHER LIM Harvest Jim Crace Picador 272 pages $25.19 Rating: B- COWARDICE meets agricultural upheaval in Harvest, a novel by British novelist Jim Crace about a nameless English village on the cusp of losing its soul and way of life. Crace never
      PHOTO: ANDREW BAINBRIDGE  -  561 words
    • Article, Illustration
      Lock icon Can economics help you find love?
      849 29  -  By HELMI YUSOF The Romantic Economist: A Story of Love and Market Forces By William Nicolson 208 pages, $21 from bookdepository.co.uk CAN’T find a date? Use economics to solve your conundrum. That’s the advice William Nicolson gives in his new book titled The Romantic
      849 words
Page thumbnail Page 30
  • ARTS
    • Article, Illustration
      Lock icon Politics takes centre stage in KL Triennial
      1159 30  -  Though much smaller in scale than most triennials, the KL Triennial is a politically bold event, writes HELMI YUSOF FOR seven years, Malaysian artist Chong Kim Chiew created papier mache bricks out of Malaysia’s mainstream newspapers. Having amassed hundred of bricks, he used
      PHOTOS: HELMI YUSOF  -  1,159 words
    • Article, Illustration
      Lock icon Newsflesh: I'm all man. Really
      743 30  -  By HELMI YUSOF FOR years, Kumar has had his own masculine identity called to question: “Are you straight? Are you gay? Are you a man or not?” So now he’s hitting back at his naysayers with his own definition of “what makes a man a
      PHOTOS: DREAM ACADEMY  -  743 words
    • Article, Illustration
      Lock icon Sculpted portals
      1037 31  -  Pioneer Singapore sculptor Chong Fah Cheong’s latest exhibition looks at gateways of life through tactile media, writes CHEAH UI-HOON writesCHEAH writesCHEAH UI-HOON HE went to Semarang in Indonesia for the wood, Ipoh in Malaysia for the marble and Ayuthya in Thailand for the bronze. Pioneering Singapore sculptor Chong
      PHOTOS: NUS MUSEUM  -  1,037 words
    • Around Town
      • Article, Illustration
        Lock icon Music
        431 31 Music Of The Night (SSO): Principal guest conductor Okko Kamu will lead the Singapore Symphony Orchestra in Dvorak’s Serenade for Strings in E Major and Mozart’s Haffner Symphony. American pianist Thomas Hecht will also perform at his interpretation of Falla’s Nights in the Gardens of Spain. School Of The
        431 words
      • Article
        Lock icon Film
        103 31  -  Compiled by SARA YAP Copie Conforme (True Copy): Catch a screening of this French movie starring Bafta award-winning actress Juliette Binoche and William Shimell. Directed by Iranian writer Abbas Kiarostami, the film revolves around the relationship between a British writer and French antiques dealer. The movie premiered at the
        103 words
    • Article, Illustration
      Lock icon From trash to art treasure
      640 31  -  By SARA YAP EMPTY medicine boxes, used food wrappers and containers all these items would typically be destined for the bin. But as they say, one man’s trash is another’s treasure. And this is literally the case for Australian artist Ben Frost. The Sydney-based pop
      PHOTO: KULT 3D  -  640 words
  • Page 30 Miscellaneous
    • Miscellaneous
      Lock icon Page 30 Miscellaneous Column 1
      323 30 CRYPTIC CROSSWORD Across 1 Macabre kill unravelled he threatens to expose offender (11) 9 I am a success in perfect form (5) 10 Working contract for stylish gnashers? (9) 11 Musical style of Rice perhaps in vogue (7) 12 Rainforest inhabitant got back round bank, right (4,4) 14 Regular performer
      323 words
Page thumbnail Page 31
Page thumbnail Page 32
  • PURSUITS
    • Article, Illustration
      Lock icon Wine and camaraderie
      1240 32  -  Wine is more than what beckons from a glass it is about like-minded people sharing together, writesNK NK YONG A MEAL without wine is like a day without sunshine! This quote of unknown authorship, although sometimes attributed to Brillat-Savarin, the famous French law-yer-turned-author, epicure and gastronome (“Tell
      PHOTO: AFP  -  1,240 words
    • Article, Illustration
      Lock icon Epic ending to episodic series
      508 32  -  GAMING REVIEW By CHRISTOPHER LIM HALO 4 was released in November but the game only really ended this week. No, the sci-fi shooting game wasn’t sold incomplete the game’s main storyline was only half of the package. After the game’s launch, Spartan Ops was released
      PHOTOS: MICROSOFT, 2009  -  508 words
    • Article, Illustration
      Lock icon Staying listenable without selling out
      603 32  -  CD REVIEW By CHRISTOPHER LIM THE ultimate goal for a classical music album today is to achieve broad enough appeal to sell well, without losing artistic credibility. Dan- iel Hope’s managed to do just that with Spheres. It’s a collection of pieces that relate loosely
      PHOTOS: DEUTSCHE GRAMOPHON  -  603 words
  • Page 32 Advertisements
    • Advertisement
      Lock icon Page 32 Advertisements Column 1
      406 32 Get Substance the UBS House View, the proprietary report from our Chief Investment Office. Go to www.ubs.com/investment-ideas or scan the QR code with your smartphone. m is Chinese stocks are undervalued. Is your portfolio positioned for the bounce back Please contact your UBS client advisor, or call +65 *****772 to
      406 words