The Business Times, 11 February 2010

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Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Thursday, February 11,2010
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  • 820 1 Plan is the most detailed so far of how the Fed aims to dismantle emergency support for the economy Reuters [WASHINGTON] US Federal Reserve chairman Ben Bernanke may or may not be adept with the snow shovel, but he does have a plan to
    Reuters; AFP  -  820 words
  • 541 1  -  New outfit is said to start with $3b, may invite other sophisticated investors By SIOW LI SEN [SINGAPORE] Temasek Holdings has set up a global investment company worth several billion dollars that could suss out opportunities and team up with other sophisticated investors. A Temasek
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  • 141 1 ST INDEX 2,734.39 (-10.63) ST INDEX FUTURES 2,735.00 (-10.00) SIMSCI 327.56 (-1.64) SIMSCI FUTURES 327.40 (-2.40) FOREX US$ S$ US$ (S$ per US$) 1.417 (US$/S$ per 1.566 2.219 EURO (US$/S$/E) 1.376 1.950 Foreign currency per US$ S$ YEN 89.70 63.30 RM 3.432 2.422 HK$ 7.770 5.483 BAHT 33.18
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  • Page 1 Advertisements
    • 276 1 BizIT Free and easy with Wireless@SG PAGE 29 CORPORATE RESULTS ComfortDelGro Q4 profit up 20.8% PAGE 6 COMPANIES Raffles Education shares soar PROPERTY S’pore office rents down 46% in Q4 PAGE PAGE 4 TOYOTA IN DISTRESS Commentary: How the Toyota Kata began to snap PAGE 3 Recall of 8.5m cars
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    • 3 1 8 *****1 *****4
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  • TOP STORIES
    • 468 2  -  They will still have to provide quarterly updates on their financial situation By MICHELLE QUAH [SINGAPORE] The Singapore Exchange (SGX) will be granting the companies on its Watch-List some breathing room in the light of the difficult economic times. SGX said yesterday that the
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    • 729 2 AP Reuters [LONDON] Growing expectations of a Greek bailout lifted world stocks, the euro and commodity prices yesterday, and sent Greece’s borrowing costs lower. Hopes are rising that a meeting of leaders of the European Union in Brussels today would agree on
      AP; Reuters; REUTERS; Reuters Graphic Sources: CFTC, Thomson Reuters  -  729 words
    • 704 2  -  Auditors could not trace at least half of $26m investments By CHEW XIANG [SINGAPORE] An investigation by special auditors into Catalist-listed E3 Holdings found evidence of numerous lapses in corporate governance and millions of dollars still unaccounted for, including large sums paid to the
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    • 481 2 But analysts highlight effect from 2009’s low base AFP [BEIJING] China’s exports surged in January for the second straight month, affirming its new position as the world’s leading exporting nation. Shipments grew 21 per cent from a year ago to US$109.475 billion last month,
      AFP  -  481 words
    • 569 2 Temasek tests investment waters with Seatown TEMASEK Holdings has set up a global investment company worth several billion dollars that could suss out opportunities and team up with other sophisticated investors. A Temasek spokesman said yesterday that it recently set up Seatown Holdings as a wholly owned global
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    • 696 3  -  COMMENTARY By ARTHUR ARTHUR SIM IT WILL be a while before an autopsy on the death of Toyota’s reputation will reveal the reason for all those recalled cars. A recent book by engineer Mike Rother, however, suggests that it could have been the
      696 words
    • 591 3 Faulty inflators could rupture, posing danger to occupants AP Reuters AFP [TOKYO] The beleaguered Japanese auto sector faced a fresh batch of recalls yesterday amid growing questions over quality. Honda Motor Co expanded its 15-month old global recall for faulty
      AP; Reuters; AFP  -  591 words

  • Page 3 Advertisements
    • 103 3 Work-Life Excellence Award WHEN YOU PUT YOUR PEOPLE J YOU ALWAYS COME OUT THE WORK-LIFE EXCELLENCE AWARD 2010 CALL FOR ENTRIES IS NOW OPEN. If your company has achieved its business goals while meeting the personal needs of its employees, enter the Work-Life Excellence Award 2010 and get the recognition
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  • COMPANY NEWS
    • 589 4  -  Its shares surge as much as 17.4% after news of 300m yuan investment By in Kuala PAULINE NG, JAMIE LEE SHARES in Raffles Education Corporation (REC) surged as much as 17.4 per cent in active trading yesterday after its subsidiary secured a 300
      589 words
    • 227 4 CITI’S Securities and Fund Services, a division of the bank’s global transaction services, has been admitted as a bank clearing member for securities by the Singapore Exchange (SGX). This will allow the unit to offer SGX trading members a range of val-ue-added
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    • 393 4  -  By OH BOON PING TROUBLED Sino-Environ-ment Technology Group has appointed Sam Chong Keen as chief executive officer for a two-year term with the aim of turning around the company. A veteran turnaround specialist, Mr Sam first joined Sino-Environment’s board as
      FILE PHOTO  -  393 words
    • 680 4  -  HOCK LOCK SIEW By SIOW LI SEN DBS chief executive Piyush Gupta has got a lot of analysts excited about Indonesia and, in particular, its Bank Danamon. In his first meeting with them last Friday, he talked about his roadmap for making DBS a leading pan-Asian
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    • 483 4  -  By CONRAD TAN GREAT Eastern Holdings’ net profit nearly doubled in the fourth quarter to $148.4 million, compared to $76.5 million a year earlier, boosted by strong investment performance due to the recovery in financial markets. Group chief executive Ng Keng Hooi
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    • 541 6  -  Full-year earnings up 9.7% though revenue falls 2.2% on weak and A$ By NISHA RAMCHANDANI NEGATIVE foreign currency translation may continue to be a challenge for land transport giant ComfortDelGro this year. Still, for the full year ended Dec 31, 2009, the group
      FILE PHOTO  -  541 words
    • 396 6  -  By JOYCE HOOI HALF a year after the Singapore Exchange (SGX) revamped its companies research scheme and shrank the number of participating research firms, independent research houses SIAS Research and NRA Capital Pte Ltd are back in the game with their own research
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    • 348 6  -  By VEN SREENIVASAN TIGER Airways has announced strong operating figures for January that show the growth it enjoyed in the fourth quarter of 2009 is continuing. The budget carrier sold 428,000 seats in Asia and Australia last month up 53 per cent
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    • 408 6  -  Gross margins fall; ship-chartering revenue down By VINCENT WEE ASL Marine Holdings saw net profit for the second quarter ended Dec 31, 2009 plunge by 44.9 per cent to $8.97 million from $16.3 million a year earlier as gross profit margins and ship-chartering
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    • 304 6  -  By VINCENT WEE SEMBCORP kicked off its US$1 billion Salalah Independent Water and Power Plant (IWPP) project in Oman yesterday, breaking ground for the plant which is scheduled to begin full commercial operations in the first half of 2012. The Salalah IWPP will consist of
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    • 363 7  -  Q4 profit falls 12% on lower revaluation gains on investment properties By UMA SHANKARI SOILBUILD Group Holdings should put up a strong showing this year as it looks to sell more units in its residential and industrial projects, says executive director Low Soon
      FILE PHOTO  -  363 words
    • 216 7 Reuters [SINGAPORE/DUBAI] Dubai’s Emaar Properties plans to sell its stake in RSH Holdings, a Singapore retailer valued at US$164 million, two sources said yesterday, as it looks to boost cash and shed non-core assets. Emaar, which had a 30 per cent stake in RSH
      Reuters  -  216 words
    • COMPANY BRIEFS
      • 74 7 Z-OBEE Holdings said it would offer 11.4 million shares to the public as part of its second primary listing in Hong Kong. Under the public offer which will be underwritten the shares will be priced between HK$1.70 and HK$2.29 each. The company intends
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      • 36 7 KLW Holdings said it would place its 71 per cent owned subsidiary, Barang Barang, under creditors’ voluntary liquidation. It would also cease all operations of the furniture retailer with immediate effect.
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      • 59 7 CHASEN Holdings has proposed to issue up to 72.7 million rights shares at 13 cents apiece on the basis of two rights shares for every four existing shares held. Each pair of rights shares comes with one free detachable warrant that can
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      • 117 7 THE Hour Glass reported a return to profits for the fiscal third quarter to end December 2009. Net profit was $9 million, compared with a net loss of $7.08 million a year earlier when it registered an investment impairment loss of
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      • 64 7 TRANSCU Group narrowed its losses for its third quarter ended Dec 31, 2009. The company made a net loss of US$8.68 million for the period, down from a net loss of US$56.1 million a year ago, which included a $47.4 million “cost of reverse acquisition written
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      • 70 7 K1 Ventures has posted a net loss of $550,000 for the second quarter ended Dec 31, 2009, against a $2.05 million net profit in the same year-ago period. Revenue fell 31.6 per cent to about $18 million. For the half year ended
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      • 74 7 HWA Hong Corporation has posted net profit of $13.4 million for the fourth quarter ended Dec 31, 2009, against a $4.3 million net loss in the same period a year ago. Revenue from continuing operations fell 12.9 per cent to $8.5 million. For
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    • 363 7  -  By VINCENT WEE TECHNICS Oil and Gas posted strong earnings growth for its first quarter ended Dec 31, 2009, with net profit rising 65 per cent to $1.98 million despite a 19 per cent dip in revenue to $25.7 million as it cashed
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  • Page 4 Advertisements
    • 1326 4 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg orn\A/:co ECOWISE HOLDINGS LIMITED IOC Registration No: *****9835C ecoworld better world (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2010 Annual General Meeting of the shareholders of the Company will be held at 17 Kallang Junction #0403
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  • Page 5 Advertisements
    • 184 5 m LearningHub Transforming People V v t w r v v WE ARE BRINGING THE WORLD TO Congratulations on your New Opening We warmly congratulate NTUC LearningHub on the opening of its latest training centre at Bras Basah Road. NTUC LearningHub pioneers breakthrough training for Professionals, Managers, Executives and Technicians
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  • Page 6 Advertisements
    • 906 6 VOLUNTARY UNCONDITIONAL CASH OFFER by uiKIM ENG KIM ENG CORPORATE FINANCE PTE. LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****7700C) for and on behalf of Holcim HOLCIM INVESTMENTS (SINGAPORE) PTE. LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****4741Z) to acquire all the issued and
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  • Page 7 Advertisements
    • 89 7 EQUITY BROKERAGE AND DERIVATIVES hallmark of excellence It's time for a change" Calyon changes its name to Credit Agricole Corporate Investment Bank. Choose a partner which has built its solid reputation on impartial research and a policy of non-proprietary trading. The undisputed success of Credit Agricole Cheuvreux and CLSA lies
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  • SINGAPORE MARKETS
    • 614 8  -  Selling near end of day erases earlier gains, index ends 10.63 points down with focus mainly on low-priced issues STOCKS R SIVANITHY Senior Correspondent UNSURE of how Wall Street and Europe might behave on Wednesday, traders yesterday decided that discretion was the better part of
      Source: Bloomberg  -  614 words
    • 4 8 DAILY
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    • 66 8 Feb 10 VALUE CLOSE BT OB/OS -371.00 +219.0 BT CADI -*****.00 +9.0 BT 10-day MA -*****.00 -37.00 FTSE ST Mid Cap 658.33 +1.39 FTSE ST Small Cap 512.07 -1.96 FTSE ST All Share 674.13 -1.98 FTSE ST China Top 263.59 +3.02 FTSE ST China 279.35 -1.19 FTSE
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    • 186 8 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 9 4 0 0 0 4 9 4 Manufacturing 53 46 71 10 7 13 63 53 84 Commerce 21 14 22 5 0 6 26 14 28 Tpt/Stor/Comms 19 13 10
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    • BROKERS’ TAKE
      • 500 8 Feb 10 close: $0.23 AMFRASER SECURITIES, Feb 10 CHINA Animal Healthcare announced strong Q4 FY2009 results to end the fiscal year on a high note. Full-year revenue and net profit increased 13.8 per cent to 438.3 million yuan (S$91 million) and 14.2 per cent to 157.9 million
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      • 525 8  -  Compiled by JAMIE LEE Longcheer Holdings Feb 10 close: $0.54 DMG PARTNERS SECURITIES, Feb 10 CHINA’S largest mobile handset solutions provider Longcheer reported Q2 FY2010 earnings that failed to reach our expectations due to margin pressures. While we have reduced our profit forecasts as a result, we continue
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    • 119 8 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 12,657 12,657 32,800 32,800 Manufacturing 328,894 12,740 341,634 203,082 429 203,511 Commerce 89,464 7,894 97,358 130,935 1,858 132,793 Tpt/Stor/Comms 86,317 2,861 89,178 189,996 699 190,695 Finance 21,278 21,278 158,044 158,044 Construction 41,863 11,240 53,103 12,328
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    • 111 8 Stock name Close Change Stock name Close Change CapitaLand 3.750 CapitaMall 1.780 +0.010 CityDev 10.520 -0.200 ComfortDelGro 1.570 -0.040 Cosco Corp 1.190 -0.020 DBS Grp 14.180 -0.220 F&N 3.740 +0.010 Genting SP 1.070 -0.020 Golden Agri 0.510 -0.005 HK Land 4.490 -0.090 JMH 30.340 +0.100 JSH
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    • 529 8 CURRENCIES [LONDON] The euro edged higher yesterday, holding gains made the previous day as the market braced for a European Union summit while traders sought clarity on whether Greece may get help in tackling its fiscal problems. The euro jumped after traders cited a
      BLOOMBERG  -  529 words
    • 57 8 VOLUME RafflesEdu 154,970,000 Eastgate Tech 76,928,000 Genting SP 64,522,000 Golden Agri 32,569,000 Transcu Grp 26,070,000 Noble Grp 25,903,000 Ying Li 23,391,000 Sin Heng 22,899,000 IndoAgri 20,542,000 Z-Obee Hldgs 20,165,000 VALUE($) Noble Grp 73,819,250 Genting SP 69,999,620 DBS Grp 65,194,160 RafflesEdu 60,567,130 SingTel 56,130,284 SIA 53,300,542 UOB 48,819,440
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    • 115 8 BY CENTS CLOSE UP DBXT FTVietnam 10US$ 4408 133.2 2.2 DBXT DJE50 10US$ 3903 99.2 1.8 DBXT Nifty 10US$ ***** 93.5 0.6 GLD 10US$ ***** 82.2 0.6 DBXT FTChina25 10US$ 2767 39.7 1.0 DBXT MSTaiwan 10US$ 1515 35.4 1.7 SIA 200 1476 34.0 2.4 Lyxor Europe 10 US$ 1164
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    • 120 8 BY CENTS CLOSE DOWN DBXT MSBrazil UD$10 620 -43.9 -4.8 UOB 1844 -36.0 -1.9 STXPO 100 1418 -32.0 -2.2 Jardine C&C 2418 -30.0 -1.2 UOB.ES.1002 1844 -24.0 -1.3 DBS Grp 1418 -22.0 -1.5 CityDev 1052 -20.0 -1.9 OCBC Bk 5.1%NCPS 100 ***** -20.0 -0.2 DBXT MSEmer 10US$ 341 -18.4
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    • 87 8 Where S$ stands Feb 10 CHNG YR 2010 CLOSE FR Feb 9 S$ LOW S$ HIGH US$ 1.4172 0.16 1.4219 1.3869 Euro 1.9521 -0.21 2.0153 1.9458 Pounds 2.2263 -0.39 2.2776 2.2142 A$ 1.2410 -0.31 1.2923 1.2276 Yen* 1.5813 0.25 1.5897 1.5027 Rupiah* 0.***** 0.02 0.***** 0.***** Baht* 4.2719 0.13
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  • SINGAPORE NEWS
    • 552 9  -  Supported by NRF, NUS, NTU, the centre will focus on microbial biofilms By CHEN HUIFEN THE National Research Foundation (NRF) and two of the local universities will be pumping a total of $206 million over the next 10 years to support a
      552 words
    • 431 9  -  By CONRAD TAN BANKERS in Asia-Pacific see excessive regulation as the biggest threat to the banking industry this year, even more than a faltering recovery in the world economy, according to a new survey. Unlike their counterparts in Europe and America, however, senior
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    • 290 9  -  By CHEW XIANG A SURVEY of privately held businesses worldwide found that owners are more likely to sell out this year than last. The Grant Thornton International Business Report in its most recent study late last year found that 10
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    • 315 9  -  By ABIGAIL KOR THE Workforce Development Agency (WDA) yesterday released the results of its first survey to measure the outcomes of training through the Singapore Workforce Skills Qualifications System (WSQ). The results show more than 90 per cent of companies and trainees
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    • 421 9  -  Scheme starts on March 1, with HMI and Parkway By NISHA RAMCHANDANI By FROM March 1, Singaporeans and permanent residents will be able to use their Medisave to pay for hospitalisation overseas, starting with two providers Health Management International (HMI) and Parkway Holdings. They
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    • SINGAPORE ROUNDUP
      • 77 9 THE Land Transport Authority (LTA) will relocate three ERP gantries along the CTE for road widening. The relocated gantries will start operating after the existing gantries are decommissioned. The affected gantries are on the northbound CTE between the PIE and Braddell Road; and the
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      • 53 9 SINGAPORE start-up Niometrics has licensed CUB4 a home-grown, high performance, software-based traffic analysis engine from Exploit Technologies. The software was developed by A*Star’s Institute for Infocomm Research. CUB4 allows corporate users to detect IT policy violations and perform fine-grained analysis for potential threats without enforcing unnecessarily
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  • Page 9 Advertisements
    • 248 9 GENTING SINGAPORE USD 1,170,000,000 Rights Issue Joint Lead Underwriter November 2009 SAN MIGUEL CORPORATION USD 1,200,000,000 Divestment of 43.25% Interest in San Miguel Brewery Inc. to Kirin Holdings Sole Financial Advisor May 2009 k SGD 2,350,000,000 Refinancing of bridge loan for acquisition of Senoko Power Mandated Lead Arranger November 2009
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  • ECONOMY WATCH
    • 635 10 Consumer sentiment index and demand for home loans down in February Reuters [SYDNEY] A key measure of Australian consumer confidence fell in February on concerns rates would rise and demand for home loans sagged in December, underlining the central bank’s caution over tightening
      Reuters  -  635 words
    • 410 10 Bloomberg [SYDNEY] Former Bank of England policy maker Charles Goodhart said that the UK economy may relapse this quarter, tempting Prime Minister Gordon Brown to shift the country’s election date. The UK statistics office is scheduled to release first-quarter gross
      Bloomberg; REUTERS  -  410 words
    • 984 10 Markets plunge; govt scrambles to allay fears Bloomberg [LISBON] Along the hilly, cobbled streets of this moody Atlantic city, known for its melancholy even in good times, people seem to be holding their breath, unsure if Portugal’s foundering economy will improve or worsen, and
      Bloomberg; BLOOMBERG  -  984 words
    • 437 10 Focus on capital gains intention test, loss from rental Bloomberg [WELLINGTON] New Zealand’s government may tighten existing rules around capital gains as part of a review of the taxation of property investment, according to Finance Minister Bill English. Part of the government’s focus
      Bloomberg  -  437 words
    • 519 10 Bloomberg [TOKYO] Japan’s producer prices fell for a 13th month in January, the longest streak in six years, indicating deflation is likely to persist even as commodity costs increase. The costs companies pay for energy and unfinished goods fell 2.1 per cent
      Bloomberg  -  519 words

  • MALAYSIA/INDONESIA
    • 524 11 Growth spurred by recovering demand for commodities and rise in spending Reuters [JAKARTA] Indonesia’s economy grew at its fastest annual pace for five quarters in the last three months of 2009, spurred by solid consumer spending, a jump in public spending and recovering
      Reuters; AFP  -  524 words
    • 259 11 Reuters [KUALA LUMPUR] Malaysia’s January palm oil stocks eased from 13-month highs hit the previous month, ebbing on strong exports and slowing production although the pace of the decline was lower than expected. The Malaysian Palm Oil Board said yesterday that
      Reuters  -  259 words
    • 536 11  -  By S JAYASANKARAN FOR an 84-year-old, Mahathir Mohamad certainly knows how to dish it out. On Tuesday, the former Malaysian prime minister (1981-2003) returned to one of his pet bugbears: his grievance with national carmaker Proton Holdings, which had sold an expensive Italian motorcycle maker
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    • 339 11 Reuters [JAKARTA] Indonesia’s 100 worst tax dodgers, including state and private firms, owed almost US$1.9 billion in 2009, tax office data showed, highlighting the difficulty of collecting revenues and the burden on government finances. Indonesia’s finance ministry has undergone sweeping reforms of the tax and
      Reuters  -  339 words
  • Page 11 Advertisements
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  • A SPECIAL SERIES BROUGHT TO YOU BY SHAREINVESTOR
    • 1119 12 Exchange-traded funds (ETFs) continue to gain popularity with investors. (investor's Guide To Trading A MIDST the gloom and doom of the economic recession, some financial products have soared even as others faced censure and plunging valuations. One of the more popular products is Exchange-traded funds (ETFs),
      1,119 words
    • 1230 12 Fine wines offer little correlation to traditional asset classes and are thus a sound choice for capital preservation and insulation against market instability. Investor's Guide To Trading V F OR years, wine connoisseurs employed a "buy two, drink one free" program whereby
      1,230 words
    • 1169 13 TerraSeeds' focus on providing its students with a strong foundation in practical, professional methodologies has found favour among investors ready to trade more sophisticated markets. Investor's Guide To Trading w HEN M&E project engineer Ryan Sim enrolled in a course on Technical
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    • 1314 13 Guide To Trading 0 VER the past few years, a string of corporate scandals have rattled investor confidence in the equity markets. The roles and responsibilities of independent directors and the extent to which they can help protect public investors against
      1,314 words


  • GREATER CHINA
    • 652 14 They are not prepared for currency’s appreciation Reuters [BEIJING] The United States is once more ratcheting up pressure on Beijing to let its currency appreciate, but for many of China’s small exporters the issue is not even on their radar. In
      Reuters; BLOOMBERG  -  652 words
    • 559 14 Call for retaliation over US weapons sales to Taiwan Reuters [BEIJING] Senior Chinese military officers have proposed that their country boost defence spending, adjust PLA deployments, and possibly sell some US bonds to punish Washington for its latest round of arms sales to
      Reuters  -  559 words
    • 366 14 Bloomberg [SHANGHAI] China’s insurers will benefit more than banks as “accelerating” inflation push bond yields higher and lending growth slows, according to Morgan Stanley. “We don’t think there’s a massive inflation problem in China, but we’re definitely in a period of accelerating
      Bloomberg; BLOOMBERG  -  366 words
    • 415 14 AP [SHANGHAI] China, the world’s biggest steel producer, says it will crack down on unauthorised steel mills as it manoeuvres to wield more control over prices during crucial iron ore talks. Only about 300 million tons of the 567.8 million tons of
      AP  -  415 words
    • 370 14 Reuters [BEIJING] The northern Chinese port city of Tianjin launched a small-scale energy intensity trading scheme on Tuesday with three pilot sales, taking a possible first step towards a nationwide carbon cap and trade scheme. International heavyweights Citigroup Global Markets and Gazprom
      Reuters  -  370 words
  • Page 14 Advertisements

  • INDIA
    • 427 15 Govt adviser says budget will show roadmap to exit stimulus measures Reuters [NEW DELHI] India’s Finance Minister Pranab Mukherjee yesterday pegged 2009-10 economic growth at around 7.75 per cent, higher than the government’s forecast, and a top adviser said the coming budget
      Reuters  -  427 words
    • 426 15 Nasscom cites jobless numbers in key markets AFP [MUMBAI] India’s flagship software and services exports industry is facing rising protectionist sentiment in key markets, officials of a trade body warned on Tuesday. “The industry is alive and kicking after the global crisis,” said Pramod Bhasin,
      AFP  -  426 words
  • Page 15 Advertisements
    • 1531 15 MATS BUY IT• SELL IT• FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg CANADIAN IMPERIAL BANK OF COMMERCE 2009 Consolidated Financial Statements (in millions of Canadian dollars) CONSOLIDATED BALANCE SHEET CONSOLIDATED STATEMENT OF OPERATIONS Loans Residential mortgages Personal Credit card Business and government Allowance for credit losses Other Derivative instruments
      1,531 words

  • ASIA-PACIFIC/WORLD
    • 491 16 Home-loan demand declines even as 30-year mortgage rates fall sharply LATEST US DATA AP [WASHINGTON] The US trade deficit surged in December to a larger-than-expected US$40.18 billion, the biggest imbalance in 12 months. The wider deficit reflected a rebounding economy that is pushing up
      AP  -  491 words
    • 591 16 AFP [NEW YORK] Newspaper ballgowns, recycled plastic sandals and coats made of wool from “happy and free” sheep designers are showing clothes to make Mother Nature smile at GreenShows Eco Fashion Week. After a first run last September, the event’s second fashion week kicks
      AFP; BLOOMBERG  -  591 words
    • 387 16 They face charges of bribery and violating commercial secrets Reuters [BEIJING] China has indicted four employees of An-glo-Australian mining giant Rio Tinto on charges of bribery and violating commercial secrets, opening the way to a trial in a case which has tested Sino-Aus-tralian relations.
      Reuters  -  387 words
    • 452 16  -  By ANTHONY ROWLEY PROSPECTS for resuming long-stalled negotiations between Japan and South Korea on a bilateral Economic Partnership Agreement will be on the agenda today when Japanese Foreign Minister Katsuya Okada makes his first visit to Seoul in that capacity to meet
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    • 411 16 Bloomberg [TOKYO] Japanese Prime Minister Yukio Hatoyama named his party’s former chief policy maker Yukio Edano as government revitalisation minister amid pressure to arrest a decline in the ruling party’s popularity and spur the economy. “Edano has played a major role in our efforts
      Bloomberg  -  411 words
    • 269 16 Reuters [FRANKFURT] Mobile operators worldwide are seen investing up to US$72 billion in wireless broadband technologies this year to accommodate surging demand, according to telecoms industry body GSMA. The GSM Association (GSMA) yesterday said the operators were expected to earmark about half of
      Reuters  -  269 words
    • 807 17 Prices struggling to recover since hike in Chinese banks’ reserve ratio Reuters [LONDON] After New Year cheer, reality is starting to bite. Several factors have doused the rallies in some key basic resources this year, including dollar strength and concern about regulation,
      Reuters; AP  -  807 words
    • 580 17 Reuters [MANILA] The Philippines is looking at importing more rice this year as dry weather threatens output, a senior government official said yesterday, potentially lifting its purchases to a record level. The additional imports may come from Thailand, the world’s largest
      Reuters  -  580 words
    • 473 17 But there are few takers for luxury Valentine packages AFP [DUBAI] It may not be possible to buy love. But at least you can spend a fortune trying to do so in the United Arab Emirates, where luxury hotels are offering Valentine’s Day
      AFP  -  473 words
    • 593 17 Money supply rises at fastest pace in over a year in Dec Reuters [SEOUL] South Korea’s unemployment rate jumped to a 10-year high in January, providing further evidence the economic recovery may be losing steam. Analysts said the data sealed the case for the
      Reuters; BLOOMBERG  -  593 words
    • 288 17 AFP [SYDNEY] A shadowy group of cyber-activists blocked key Australian government websites yesterday to protest against controversial plans to filter the Internet. The main government website, www.australia.gov. au, and parliament’s www.aph.gov.au were both affected along with the sites for Prime Minister Kevin Rudd and
      AFP  -  288 words
    • 677 18 Bloomberg [TOKYO] Japan’s competition regulator needs to be more flexible on anti-mo-nopoly rules to enable domestic steelmakers to compete with international rivals, a trade ministry official said. “The Fair Trade Commission needs to embrace a perspective of international competitiveness” when it considers mergers
      Bloomberg  -  677 words
    • 565 18 It warns developed countries may lag growth in developing world AFP [SYDNEY] The world’s biggest miner BHP Billiton fired a warning over the economic recovery yesterday despite smashing forecasts with half-year profits of US$6.14 billion. BHP said the global economy had
      AFP  -  565 words
    • 565 18 Regulator hopes to decide on NAB, AMP bids by March 17 Reuters [SYDNEY] Australia’s competition watchdog raised concerns yesterday over National Australia Bank’s (NAB) US$11.6 billion bid for fund manager AXA Asia Pacific, tipping the scales towards rival bidder AMP. NAB, already the country’s
      Reuters  -  565 words
    • 423 18 Bloomberg [TOKYO] Japan should join forces with other Asian nations to limit European and US influence over how global accounting rules are shaped, said Noriaki Shimazaki, who helps oversee the International Accounting Standards Board. “Japan has to work with nations
      Bloomberg  -  423 words


  • Page 18 Advertisements
    • 308 18 SHARElNVESTOR.com Your One-Stop Investment Centre Chinese New Year Promotion Enjoy More Value At No Additional Cost With Sharelnvestor.Com At Sharelnvestor.com, we constantly strive to provide added value to our members by enhancing the range of features and services in our membership packages. To serve you better, we have added new
      308 words

  • FOCUS: TOYOTA IN DISTRESS
    • 2938 19 The recall of 8.5m cars raises questions about the Toyota Way of managing the world’s most dominant and profitable automaker Reuters [TOYOTA CITY, Japan] TOYOTA Motor Corp, the world’s most dominant and profitable automaker, was not accustomed to outsiders telling it what to do, let alone some
      Reuters; PHOTOS: AP, REUTERS  -  2,938 words

  • WORLD
    • 467 20 So say Buffett and Paulson, as they speak to thousands at chamber meeting AP [OMAHA, Nebraska] Henry Paulson, the former US Treasury chief, and billionaire Warren Buffett said US taxpayers will recover every cent paid out to banks during the economic meltdown and may
      AP; BLOOMBERG  -  467 words
    • Article, Illustration
      52 20 [LONDON] Stephen Pound, a British Labour Party MP, competes in the annual Parliamentary Pancake Race on Tuesday in Westminster, along with other journalists, MPs and members of the House of Lords, to raise money for the charity Rehab, and to raise awareness of its work for people with
      AP  -  52 words
    • 631 20 Judge also asks for wiretaps to be turned over to SEC Reuters [NEW YORK] Additional criminal charges were filed on Tuesday against Galleon hedge fund founder Raj Rajaratnam as prosecutors alleged he and his co-defend-ant reaped US$49 million from illegal insider trading, up
      Reuters  -  631 words
    • 609 20 AFP [PRAGUE] Czechs have held on to their position as the world’s keenest beer guzzlers, largely shrugging off a global downturn that has nonetheless changed their drinking patterns. The economic crisis reduced the number of tourists coming especially to Prague in
      AFP  -  609 words
    • 479 20 Bloomberg [HONG KONG] Lehman Brothers Holdings, the investment bank liquidating in bankruptcy, expects to sell a dozen more of its Asian investments and loans in the next three months after recovering more than 100 per cent on 11 positions. “We’ve been working these
      Bloomberg  -  479 words
    • 355 20 Reuters [SAN FRANCISCO] Micron Technology said on Tuesday it is acquiring privately held Numonyx Holdings in an all-stock deal valued at about US$1.27 billion. Numonyx is the world’s No 3 maker of flash-type memory chips. It was formed last year using memory chip assets from
      Reuters  -  355 words

  • AVIATION
    • 647 21 Its shares plunge to 18-year low after Q4 loss exceeds analyst forecasts Reuters [STOCKHOLM] Scandinavian airline SAS asked shareholders for five billion Swedish crowns (S$965.2 million) to keep it flying and reported a bigger-than-ex-pected quarterly loss, sending its shares diving to an 18-year low. SAS,
      Reuters; AP  -  647 words
    • 661 21 Reuters [WASHINGTON] Boeing is seen benefiting from its long-standing ties to Norm Dicks, the Washington state Democrat who is poised to become chairman of the House defence appropriations subcommittee after the death of Representative John Murtha on Monday. Mr Dicks, a strong Boeing supporter
      Reuters  -  661 words
    • 2920 21 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1240 SQ458 1415 EY473 1940 Adelaide LH9771 1740 LH9770 2350 SQ268 1740 SQ269 2350 VS7268 1740 VS7269 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 QF81 1830 Amsterdam LO4031 0610 KL836 0125 SQ323 0610 AZ3993 2250 US5410
      2,920 words
    • 243 21  -  By JASLENE PANG [SINGAPORE] The Civil Aviation Authority of Singapore (CAAS) and US-based Embry-Riddle Aeronautical University (ERAU) have agreed to launch MBA in aviation. CAAS director-general Yap Ong Heng signed a memorandum of understanding (MOU) with Martin Smith, executive vice-president of
      243 words
    • 338 21 Reuters [VANCOUVER] Jazz Air Income Fund said on Tuesday it has signed a letter of intent to buy 15 turboprop aircraft from Bombardier, with an option to buy another 15, as the Canadian regional airline operator updates its fleet. The Q400
      Reuters  -  338 words
  • Page 21 Miscellaneous
    • 321 21 CRYPTIC CROSSWORD Across 1 Clapped out in the next valley? (4,3,4) 9 Following law, it can be bent but should not be broken (4) 10 Create disturbance that could cloud one’s view (4,2,1,4) 11 Engineer’s company first had part of reactor (4) 14 Are dropping one outlet for reprint (7)
      321 words

  • Page 22 Advertisements
    • 2213 22 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN RTM/ANR/TIL *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination SAN SIMEON NEW ORLEANS/CAMDEN *Loads E./W. Malaysia, Indonesia Destination BK BOSS
      2,213 words
    • 1321 22 WAN HAI INTERNATIONAL PTE LTD UEN: *****4695M TEL: *****588 (14 LINES) FAX: *****163 PKL TEL: (03) *****888 FAX: (03) *****288 PEN TEL: (04) *****00 FAX: (04) *****99 JOH TEL: (07) *****23 FAX: (07) *****21 SUR TEL: (031) *****75 FAX: (031) *****14/*****05 JKT TEL: (021) *****88 FAX: (021) *****88 PLM TEL:
      1,321 words

  • SHIPPING
    • 561 23 Trend over recent weeks likely to put more pressure on clean tanker market Reuters [LONDON] The volume of refined oil products held on tankers at sea has fallen in recent weeks and is likely to put more pressure on the clean tanker
      Reuters  -  561 words
    • 387 23 AFP [MOGADISHU] Somali pirates said on Tuesday they have released a Pana-manian-flagged ship and its mostly Indian crew of 26 after receiving a ransom of US$3.1 million. “The ship was freed this afternoon after US$3.1 million were paid to the pirates who had been holding
      AFP  -  387 words
    • 418 23 AFP [VICTORIA, Seychelles] Oceanographers carrying out vital studies of the Indian Ocean’s marine world have been idle for a year, left stranded ashore by Somalia’s marauding pirates and the global armada combating them. The flotilla deployed in late 2008 by the world’s naval
      AFP  -  418 words
    • 289 23 Xinhua [TIANJIN] Tianjin Port in north China will open to international cruise ships for refuelling and maintenance in June this year, the port operator said yesterday. China currently has three so-called home ports where refuelling and maintenance facilities are available for international cruise liners.
      Xinhua  -  289 words
  • Page 23 Advertisements
    • 587 23 SHIPPING TIMES HDS LINES THE SHORTEST TRANSIT TO PERSIAN GULF Visit our website at: TBA CONTAINER SERVICE TO JEDDAH, ISTANBUL, MIDDLE EAST, PERSIAN GULF, CIS, MEDITERRANEAN AND NORTHERN EUROPE HDM SERVICE FMX and SMX SERVICE Connecting EMC SERVICE via MALTA VESSEL VOY SIN PKG JEA BND BIK SIN PKG JED
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    • 343 23 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) MUA SIN PKL KUC JKT SUR FABULOUS SW 9 60 15/02 17/02 20/02 22/02 OCEAN LOHAS 24 60 16/02 19/02 GOLD MENAM 100 40 122 19/02 22/02 CORAL HERO 101 50 80 27/02
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    • 427 23 SINOKOR MERCHANT MARINE CO. LTD FMX (W) FMX (E) Vessel Voy SIN BDN JEA KLF HY MONTEVIDEO 0001W 18/02 26/02 27/02 01/03 CSL MARIE 0002W 25/02 05/03 06/03 08/03 HJ GDYNIA 0008W 11/03 19/03 20/03 22/03 Vessel Voy SIN TAO KAN PUS SHA HJ GDYNIA 0007E 11/02 18/02 20/02 21/02
      427 words

  • EDITORIAL & OPINION
    • 1009 24  -  Best-run firms 15 times more likely to apply analytics to strategic decisions than their peers By TERESA LIM The writer is Managing Director of IBM Singapore THE first decade of this century will be remembered for debate and disillusion about a host of
      THE STRAITS TIMES FILE PHOTO  -  1,009 words
    • 766 24  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent ONE sentence stood out in a Japanese Ministry of Foreign Affairs (MFA) press release this week relating to Foreign Minister Katsuya Okada’s current visit to Seoul. “The Japan-Republic of Korea relationship,” the document said, “is the
      766 words
    • 508 24 EDITORIAL NOT for the first time in the financial crisis, governments are stepping in to avert a crisis of confidence in financial markets. News that European governments are considering financial assistance for stricken Greece has calmed stock and currency markets, which have been roiled by the
      508 words
    • 1144 25  -  Looking back at a bit of history can shed some light on how the Chinese may proceed in cooling a heating economy By SHAHID JAVED BURKI The writer is a senior visiting fellow at the Institute of South Asian Studies. He is former vice-president
      AFP  -  1,144 words
    • 789 25  -  By MAUREEN DOWD NYT HOW much does Phil McNally love 3D? So much that he legally listed his name on his British driver’s licence, and later on his Social Security card and American licence, as “Phil Captain III D McNally”. “Apparently you
      NYT  -  789 words
    • 259 25 LETTERS TO THE EDITOR Beverly Wee for Registrar of Moneylenders Insolvency and Public Trustee’s Office, Singapore WE refer to the article, “Junket promoters may have finger in moneylending pie” (BT, Feb 9). The article suggests that the licensing and screening requirements imposed on
      259 words
    • 237 25 Chan Heng Loon, Alan Chairman Corporate Governance Council I REFER to the article “Too much corporate in corporate governance?” by Michelle Quah (BT, Feb 8). Ms Quah wrote that “it was disconcerting to note the heavy corporate representation on the new (corporate governance) council”.
      237 words


  • SINGAPORE STOCKS
    • 8849 26 Transaction date: Feb 10 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 3 3148 8Telecom 15.5 15 15.5 5 0.7 28.2 74.2 10 2.5 5834 A-Sonic 7.5 +1 284
      8,849 words
    • 1886 27 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 s AA Grp 5 4.5 6 4.8 25 12 8538 t APStrategic 14 unch 56 14 13.5 13 14
      1,886 words
    • 9366 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.15/ APS Alpha Fund (USD)!** 0.81/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.66/ Aberdeen Asset Mgt Asia Limited American Opp 0.6184/ Asian Credit Fund 1.2212/ Asian
      9,366 words
    • 463 27 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 111 107 6389 ABF SG Bond ETF 109 109 112 497.6 846 427 CIMBAsean40 100US$ US767 779 785 30.7 298 149 DBS STI ETF
      463 words
    • 74 27 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 20 6000 AVJennings A45 -2 4 45 45 46 49.5 3.6 7.8 3.6 117.2 31 6 6017 Genting HK US$ US21 -0.5 1930
      74 words


  • FINANCE & COMMODITIES
    • 365 28 In local curr In S$ In US$ dy yr dy yr dy yr Feb 9 Index Change Change Change Change Change Change World Index Preliminary 791.6 0.7 -4.9 0.4 -4.9 0.7 -5.9 EAFE Preliminary 739.5 0.2 -5.8 -0.1 -6.6 0.2 -7.5 Europe Preliminary 1052.8 0.3
      365 words
    • 177 28 Feb 10 $S Offer Bid Overnight 1/16 PAR 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 1/8 US$ Offer Bid 7 days 0.23 0.18 1 month 0.28 0.23 2 months 0.35 0.25 3 months 0.37 0.27 6 months 0.50 0.40 9 months 0.90 0.60 12
      177 words
    • 22 28 Feb 10 S$ Bid Offer 1-month 1.4167 1.4181 2-months 1.4170 1.4184 3-months 1.4172 1.4187 6-months 1.4178 1.4193 Source: OCBC
      22 words
    • 194 28 Feb 10 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 10 306.5 305.5 306.5 72 578 Apr 10 307.0 307.0 306.5 40 401 May 10 307.0 307.0 306.5 20 646 Jun 10 307.0 60 690 Jul 10 306.5
      194 words
    • 90 28 Feb 10 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 13.05.2010 0.39 0.33 0.32 1-Year BY*****N 01.11.2010 0.42 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.48 104.50 104.50 5-Year N*****0N 1.375 01.10.2014 100.45
      90 words
    • 105 28 Feb 9 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 10 924.50 929.50 944.00 920.00 May 10 935.25 940.00 954.00 930.75 Jul 10 944.00 948.00 961.75 939.00 Aug 10 941.50 944.00 954.50 936.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 10 38.38 37.95 38.62
      105 words
    • 77 28 CRUDE OIL PRODUCTS Feb 9 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 71.18 0.72 WTI (Near Mth) 73.78 1.96 Dubai (1-Mth F) 70.77 0.57 Tapis blend 73.40 0.35 Minas 72.90 0.35 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 72.22 -0.56 Jet Kerosene 78.60 0.30 US$/barrel Opec Oil
      77 words
    • 2442 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3 unch 450 1 15 29 4.67 51 2036 Advance SCT Ltd W*****9 0.5 1 87 1844 9.00 6 8756 Asiatic Grp (H) Ltd W*****2 8.5
      2,442 words
    • 132 28 Feb 10 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2340 1.2700 Can dollar 1.3200 1.3360 Euro 1.9440 1.9660 NZ dollar 0.9780 1.0000 Sterling pound 2.2120 2.2370 US dollar 1.4090 1.4250 Local dollars to 100 units of foreign
      132 words
    • 29 28 Feb 10 Open High Sett STI Feb 2745 2745 2735 SIMSCI Feb 329.6 330.8 327.4 Taiwan Feb 264.9 269.9 266.9 Source: MF Global (S) Pte. Ltd
      29 words
    • 75 28 Feb 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 10 2565 2570 2570 2565 118 458 Mar 10 2563 2565 2571 2560 1130 7131 Apr 10 2559 2563 2566 2553 6306 ***** May 10 2554 2555
      75 words
    • 359 28 Feb 10 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar10 99.7100 0 9586 Jun10 99.5900 0 7353 Sep10 99.3550 0 2787 Dec10 99.0400 0 2321 EUROYEN TIBOR FUTURES Mar10 99.5700 99.5800 99.5650 99.5750 3 4285 Jun10 99.6250 99.6250 99.6250 99.6250 0 1533 Sep10 99.6400 99.6400 99.6400
      359 words
    • 465 28 Feb 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.936 5.976 0.636 6.800 40.743 81.958 0.785 10.155 3.004 1.263 74.366 40.559 1.240 6.737 0.934 28.061 29.037 0.559 0.875 Canada 1.068 6.385
      465 words
    • 85 28 Feb 10 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • 154 28 Feb 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2393 1.2412 0.8749 0.8754 Canadian dollar 1.3242 1.3261 0.9348 0.9353 Euro 1.9485 1.9506 1.3756 1.3757 NZ dollar 0.9816 0.9829 0.6930 0.6932 Sterling pound 2.2174 2.2201 1.5654 1.5658
      154 words
    • 138 28 Feb 10 GOLD (US$/oz) Feb 09 Feb 10 Hong Kong 1068.80 1076.40 Feb 09 Feb 08 London 1074.35 1071.00 1075.35 1071.80 Source: Thomson Reuters CAST BAR Feb 10 (S$) Selling Buying Kilobar "52,667.54" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 117.7 49 5gm 334.91 246 10gm 598.13
      138 words
    • 69 28 Feb 9 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2023.50 1980.75 3 months 2056.00 2012.00 Copper, Grade A (US$/tonne) Cash 6567.00 6427.00 3 months 6590.00 6450.00 Lead (US$/tonne) Cash 2013.25 1944.75 3 months 2032.50 1965.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • 77 28 Feb 9 COCOA (£/tonne) Close Prev High/Low Mar 10 2238 2237 2249/2227 May 10 2210 2214 2225/2203 Jul 10 2190 2196 2204/2182 Sep 10 2170 2176 2181/2161 COFFEE (US$/tonne) Close Pev High/Low Mar 10 1300 1296 1305/1289 May 10 1331 1330 1340/1321 Jul 10 1361 1360 1369/1353 SUGAR (US
      77 words

  • BizIT
    • 620 29  -  A new simplified log-on mechanism and a speed boost could unlock the door to higher business revenue, reports WINSTON CHAI WINSTON CHAI OPERATORS of Singapore’s islandwide Wireless@SG broadband network are banking on the combination of a new simplified log-on mechanism and a recent speed boost
      620 words
    • 664 29 Reuters [MOUNTAIN VIEW, California] Google Inc is tapping its huge network of Gmail users and Web surfers to create a Buzz that it hopes will help it catch up with online social networking leaders Facebook and Twitter. The world’s No 1
      Reuters; REUTERS  -  664 words
    • 281 29  -  By ABIGAIL KOR SIM Lim Square retailers found selling pirated software will now be excluded from the IT mall’s retailer programme and advertising activities. The popular IT haunt yesterday announced initiatives, in conjunction with Microsoft Singapore, to increase awareness of the risks of
      281 words
    • 210 29 AFP [TAIPEI] Wistron Corp, a spin-off from giant PC maker Acer, is facing a simple choice: Diversify or see profit margins slowly vanish. Like many other Taiwanese technology suppliers, the company is opting to broaden out of its established strengths. Wistron, which gets 70
      AFP  -  210 words
  • Page 29 Advertisements

  • PROPERTY
    • 891 30 With savings earning paltry returns and inflation rising, property is seen as best bet Reuters [XINYANG, China] FAN Wenbao swears he is not in the business of speculating on property. Already the owner of one home in Xinyang, a grimy city in the
      Reuters; REUTERS  -  891 words
    • 297 30 Bloomberg [LONDON] The number of commercial property sales in Europe climbed by more than a third in the fourth quarter, the fastest pace in three years, as cash-rich buyers returned to the market, according to CB Richard Ellis Group. More
      Bloomberg  -  297 words
    • 577 31 Drop due to higher mortgage rates and cuts in first-home buyer grants Bloomberg [SYDNEY] Australian home-loan approvals fell in December after central bank Governor Glenn Stevens raised borrowing costs for a record third month. The number of loans granted to build or
      Bloomberg; BLOOMBERG  -  577 words
    • 537 31 It is preparing to activate projects as market improves Bloomberg [LONDON] British Land Co, the UK’s second-largest real estate investment trust, reported a third-quarter profit after commercial property values recovered. Net income for the three months ended Dec 31 was £623 million (S$1.38 billion),
      Bloomberg  -  537 words
    • 162 31 Reuters [MADRID] Spanish banks have been told by the Bank of Spain to devalue the housing assets on their books by 20 per cent, El Mundo reported yesterday, citing sector sources. The Bank of Spain was not immediately available for comment. Spain’s banks hold
      Reuters  -  162 words
    • 482 31 Reuters [NEW YORK] The Ritz-Carl-ton Hotel Co will close its five-diamond property in Las Vegas in May, after the hotel struggled with a slide in demand and revenue. “It’s nothing the hotel did. It’s a simple lack of business and a
      Reuters  -  482 words
    • 509 32  -  It’s biggest fall in Asia-Pac, widening S’pore’s rental gap with HK, Tokyo By UMA SHANKARI TOKYO, Hong Kong and Singapore remained the three most expensive office locations in the Asia-Pacific in the fourth quarter of 2009, according to a report from Colliers
      Singapore CBD  -  509 words
    • 304 32 Bloomberg [SYDNEY] LaSalle Investment Management, a division of the world’s second largest commercial real estate brokerage, plans to partner with Australian developers and take on more risk to invest in the nation’s property market. The unit of US-based Jones Lang LaSalle Inc is actively seeking
      Bloomberg  -  304 words
    • 1206 32 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED One Shenton Apt 21/01/2010 99 840 1425 1696 The Sail Marina Bay Apt 21/01/2010 99
      1,206 words
  • Page 30 Advertisements
    • 396 30 MATS BUY IT-SELL IT-FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg In the Matter of The Companies Act, Cap. 50 and In the Matter of FUGRO TGS (SINGAPORE) PTE. LTD. (In Members' Voluntary Liquidation) (Company Registration No. *****4967N) At an Extraordinary General Meeting of the Members of the abovenamed company
      396 words
    • 486 30 NOTICE OF FIRST CONTRIBUTORY'S MEETING ARMADA PACIFIC BULK CARRIERS (SINGAPORE) PTE LTD (IN COMPULSORY LIQUIDATION) Company Registration No: *****0353Z Winding Up No. 137 OF 2009 Take notice that a meeting of contributory in the above matter will be held at 6 Shenton Way, #32-00 DBS Building Tower Two, Singapore *****9
      486 words
    • 478 30 a Swing Media Technology Group Limited S M T G SWING MEDIA TECHNOLOGY GROUP LIMITED (Incorporated in Bermuda) (Company Registration Number: *****) NOTICE OF SPECIAL GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in the circular dated 11 February 2010 issued by
      478 words
    • 252 30 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 JIAXING JIES IEC PTE. LTD. Co. Reg. No. *****3711H MEMBERS'VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company held on the 4th day of February 2010, the following special resolution was duly passed: "That the Company be wound up voluntarily
      252 words
    • 272 30 NOTICE OF FIRST CREDITORS' MEETING ARMADA PACIFIC BULK CARRIERS (SINGAPORE) PTE LTD (IN COMPULSORY LIQUIDATION) Company Registration No: *****0353Z Winding Up No. 137 OF 2009 Take notice that a meeting of creditors in the above matter will be held at 6 Shenton Way, #32-00 DBS Building Tower Two, Singapore *****9
      272 words

  • Page 31 Advertisements
    • 94 31 ST THOMAS SUITES PENTHOUSE Brand New, T.O.P. Soon! Rare Spacious: 4,672 sq ft 5 bedrooms Family Balcony Panoramic Orchard Skyline $9.35mil ($2,000 psf) Rudy Tedja 9686 9943 www.rudy.myweb.sg Owners Selling Welcome savjljs Savills Singapore -Trien me aiona bix ve <*>■* Jj£Si£x-& J* Freehold brand new 3-storey bungalow Land: 6576sqft. Built-up
      94 words
    • 34 31 INTERNATIONAL BUILDING 360 ORCHARD ROAD For Lease Office: 323 to 1,486 sq ft Next to Shaw House Isetan Scotts Outside CBD Near Orchard MRT Station Immediate Occupation Hong Fok Group Tel: 6390 2477/6292 8181
      34 words
    • 101 31 Jewel of the Crown Penthouse Ardmore Park 8700 sq.ft. Stunning unblocked view. Amazing entertainment space. Great investment! Prestigious! Call: 9189-5111 I 6222-2321 Quillion Real Estate Investment (Pte) Ltd <-« flrf IHTT Newsman Sole Marketing Agent 16A CABLE ROAD 19,000sqft Spacious Road 11,000sqft Living Space Sumptuous Interiors with Luxury Bathrooms Private
      101 words
    • 156 31 COLLECTIVE SALE GOODWILL MANSION (No 355 Balestier Road) SHAW PLAZA To PIE TFTLNHTS ToCTE r M X 1.5 tPARKWAY A MEDICAL CENTRE GOODWILL I MANSION NEW ORCHIDS HOTELT Commercial I Residential Zone Plot Ratio 3.0 Site Area: 856.7sqm Title: Freehold Approx. 7 mins drive to CBD 5 mins to Orchard
      156 words

  • Page 32 Advertisements
    • 56 32 nU MM Featuring the Prestige Homes Collection Your Specialist In Prime and Luxurious Properties To arrange for ari appointment to view our other luxurious developments, please call 6836 3338 or search with us at savills m-xwmmm Savills has more than 200 offices and associates worldwide to meet all your real
      56 words