The Business Times, 18 February 2010

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Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|il A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Thursday, February 18,2010
    23 words
  • Article, Illustration
    Lock icon Premium air traffic takes wing once again
    619 1  -  Segment records first y-o-y growth since May 2008 By VEN SREENIVASAN [SINGAPORE] In a further sign that the global aviation market recovery is well on track, international premium traffic in December 2009 recorded its first year-on-year positive growth in almost 20 months. According
    AFP; Source: IATA  -  619 words
  • Article
    Lock icon MARKETS DIGEST
    140 1 ST INDEX 2,794.06 (+35.16) ST INDEX FUTURES 2,794.00 (+35.00) SIMSCI 333.44 (+3.41) SIMSCI FUTURES 334.20 (+3.90) FOREX US$ S$ US$ (S$ per US$) 1.403 (US$/S$ per 1.580 2.217 EURO (US$/S$/E) 1.378 1.932 Foreign currency per US$ S$ YEN 90.30 64.40 RM 3.387 2.414 HK$ 7.769 5.539 BAHT 33.14
    140 words
  • Article, Illustration
    Lock icon Jan home sales jump on pricier platform
    777 1  -  Big turnaround after blip of last year’s Q4; choice locations feel the buzz too By KALPANA RASHIWALA [SINGAPORE] The private housing market has entered the year on a firm footing, with developers’ home sales in January rising to 1,476 units three times as
    * excluding executive condos  -  777 words
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      Lock icon Page 1 Advertisements Column 1
      153 1 BizIT Avaya sees surge in Asia-Pac business PAGE 25 PROPERTY Net allocation of JTC ready-built facilities turns positive in Q4 PAGE 28 SINGAPORE INTERNATIONAL EDP: A programme tailored for exporters PAGE 9 ECONOMY S’pore exports climb for third straight month PAGE With its beautiful subtle styling, unrivalled performance and legendary
      153 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon S’pore exports climb for third straight month
      451 2  -  January data shows exports firmly on growth track after 18-month drought By CHUANG PECK MING [SINGAPORE] The Republic’s key non-oil domestic exports (NODX) rose for a third straight month in January. And the increase was strong enough after December’s surge to get exports
      Source: IE Singapore  -  451 words
    • Article, Illustration
      Lock icon Gold demand fell 11% globally in 2009
      545 2  -  By OH BOON PING [SINGAPORE] Global demand for gold dropped 11 per cent last year, but the outlook this year is better. Demand from industry and jewellers eased in 2009 but is showing signs of picking up, and investor appetite for the precious
      AFP  -  545 words
    • Article
      Lock icon Jan industrial output up 0.9%; sign of factories leading recovery
      338 2 LATEST US DATA Bloomberg [NEW YORK] Industrial production in the US rose more than forecast last month, indicating factories were leading the recovery entering the new year. Output at factories, mines and utilities climbed 0.9 per cent after a 0.7
      Bloomberg  -  338 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      468 2 Jan home sales jump on pricier platform THE private housing market has entered the year on a firm footing, with developers’ home sales in January rising to 1,476 units three times as high as the previous month. They also hit their highest level since August last year. FRONT
      468 words
    • Article
      Lock icon Markets catch Tiger mood and roar
      648 2  -  By OH BOON PING [SINGAPORE] Trading in the Tiger Year started on a strong note yesterday. Asian shares punched to a three-week high, driven by bullish sentiment on commodity stocks, while investors shrugged off China’s latest move to temper robust lending. Japan’s Nikkei 225
      648 words
    • Article
      Lock icon Obama to create panel on cutting US deficit
      535 2 Bloomberg [WASHINGTON] In an attempt to rein in the widening US budget deficit, President Barack Obama is to sign an executive order today creating a bipartisan panel to look into the matter. He has picked Republican former senator Alan Simpson and former
      Bloomberg  -  535 words
    • Article, Illustration
      Lock icon S’poreans take bigger bite of private homes
      669 3  -  They account for 76% of home deals last year, highest since 2005: DTZ By EMILYN YAP [SINGAPORE] Singaporeans had a better shot at owning a private home in 2009 as property prices fell in the early part of the year and mass-market launches
      Source: URA, DTZ Research  -  669 words
    • Article, Illustration
      Lock icon Toyota considering Corolla recall
      796 3 AP [TOKYO] In another blow to the world’s largest carmaker, Toyota said it is considering a recall of its hot-sell-ing Corolla subcompact after complaints about power steering problems. In an alarming disclosure that could widen Toyota’s recall crisis, the Toyota executive in charge of quality controls,
      AP; XINHUA  -  796 words
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      1586 3 2008 BEIJING OLYMPICS.ASSASSINATION OF BENAZIR BHUTTO. 2004 US PRESIDENTIAL ELECTION CAMPAIGN. PAKISTAN'S 60TH ANNIVERSARY. DEADLY CYCLONE IN B£ RIOTS IN THAILAND. 2008 MUMBAI BOMB BLAST. SPOTLIGHT ON BONUSES IN BANKING INDUSTRY. PHILIPPINE FERRY SINKS; OVER 700 ABOARD MISSING. GOVERN, SEALS MISSILE DEAL WITH TAIWAN.THOUSANDS DEAD IN SICHUAN EARTHQUAKE.PAKISTAN'S 60TH ANNIVERSARY.
      1,586 words
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  • COMPANY NEWS
    • Article
      Lock icon Analysts stay upbeat on NOL despite loss
      437 4  -  Hopes pinned on recovery in key Transpacific trade By VINCENT WEE ANALYSTS seem to have shrugged off the nearly three-quarters of a billion US-dollar loss posted by Neptune Orient Lines (NOL) for FY09 and remain upbeat on the year ahead despite the wider-than-expect-ed
      437 words
    • Article, Illustration
      Lock icon SingTel fully supportive of Zain deal: Bharti
      418 4  -  Bharti reportedly in talks with banks; funding not an issue, says chairman By WINSTON CHAI IT COULD be third time lucky for Singapore Telecommunications in its quest to expand beyond Asia as the company is reportedly putting its weight behind Bharti Airtel’s latest
      AFP  -  418 words
    • Article
      Lock icon SIA fills up more seats in Jan as global economy recovers
      409 4  -  By VEN SREENIVASAN SINGAPORE Airlines (SIA) filled 79.1 per cent of its seats in January a full 5 percentage points improvement over the previous year’s 74.1 per cent, thanks to a reduction in capacity. The 7.8 per cent cut
      409 words
    • Article
      Lock icon PICTET FUNDS
      366 4 PF LUX) Abs. Ret. Gib Conservative-P cap 10.02.2010 EUR 96,61 PF LUX) Abs. Ret. Gib Diversified-P cap 10.02.2010 EUR 106,22 PF LUX) Asian Equities (Ex-Japan)-P cap 10.02.2010 USD 151,04 PF LUX) Asian Local Currency Debt-P cap 10.02.2010 USD 125,64 PF LUX) Biotech-P cap 10.02.2010 USD 283,64 PF LUX)
      366 words
    • Article
      Lock icon RSH sale: a litmus test for M&A market?
      509 4  -  HOCK LOCK SIEW By JAMIE JAMIE LEE RSH Ltd now sits like a pretty dress on a rack, patiently waiting for someone with the right fit. And the way in which this latest potential acquisition deal develops might hint at how this
      509 words
    • Article
      Lock icon A-Reit to buy 3 properties for $228.5m
      362 5  -  Two of them will be funded from recent share placement By TEH SHI NING ASCENDAS Reit (A-Reit) yesterday announced plans to buy three properties for a total of $228.5 million, to further diversify its portfolio of properties and their tenant-mix. A-Reit’s manager said
      362 words
    • Article, Illustration
      Lock icon Australia’s Arrow Energy revives plan to float overseas assets
      464 5 Reuters [PERTH] Australia’s Arrow Energy Ltd yesterday revived plans to float part of its overseas assets as part of its plans to develop significant operations in China, Indonesia and India. Brisbane-based Arrow said in a statement it may float 20 per
      Reuters; FILE PHOTO  -  464 words
    • Article
      Lock icon Chasen buys 30% stake in Caitong
      345 5  -  Company seeking foothold in Chinese infrastructure market By JOYCE HOOI CHASEN Holdings Limited announced yesterday that it had acquired a 30 per cent stake in Singapore-in-corporated Caitong Investments Pte Ltd (CTI). The acquisition, conducted in order to obtain a foothold in the Chinese market
      345 words
    • Article, Illustration
      Lock icon OCBCIR maintains its hold call on KS Energy
      349 5  -  By NISHA RAMCHANDANI OCBC Investment Research (OCBCIR) has maintained its hold call on oil and gas services provider KS Energy Services following the release of the group’s results last week. “There do not seem to be near-term catalysts for the stock besides
      BLOOMBERG  -  349 words
    • Article
      Lock icon Yanlord, Ho Bee buy prime Shanghai site
      443 7  -  13.69ha residential plot costs 3.8b yuan, expected to yield at least 2,000 units By LYNETTE KHOO YANLORD Land Group and Ho Bee Investment have jointly acquired a 13.69 hectare prime residential site in Qingpu District, Shanghai, for 3.82 billion yuan (S$785 million) at
      443 words
    • Article
      Lock icon Investor discontent to drive fund of funds shake-up
      754 7 Industry blamed for poor returns, failing to spot Madoff scam ANALYSIS Reuters [LONDON] Firms that make money selecting hedge funds will have to conduct more checks on managers running the assets and show they know what they are buying in order to
      Reuters  -  754 words
    • Article, Illustration
      Lock icon DBS to build on POSB brand, enhance customer satisfaction
      290 7  -  By ARTHUR ARTHUR LEE POSB customers at the Tanjong Pagar branch had a pleasant surprise early yesterday morning. Chief executive officer of DBS, Piyush Gupta came at 9am to greet each customer in the queue, distribute mandarin oranges and wish them
      ARTHUR LEE  -  290 words
    • Article, Illustration
      Lock icon Sunpower clinches RMB 124.5m deal
      301 7  -  By JASLENE PANG MAINBOARD-LISTED Sunpower Group has secured RMB 124.5 million (S$25.6 million) worth of contract to supply key equipment to Jiangsu Zhongneng Polysilicon Technology Devel- opment Co. Sunpower is a Chi-na-based heat-transfer technology specialist while Jiangsu Zhongneng is a wholly-owned subsidiary of Hong Kong-listed
      301 words
    • COMPANY BRIEFS
      • Article
        Lock icon China Hongxing sees lower sales, profit
        53 7 CHINA Hongxing Sports said that it expects to report lower sales and profits for the fourth quarter and the financial year ended Dec 31, 2009. The company said its financial results were affected by weaker domestic market demand for its products and decrease in
        53 words
      • Article
        Lock icon AEM Hldgs expects to report loss
        112 7 AEM Holdings has warned that it will report a net loss for fiscal year ended Dec 31, 2009. AEM said its first half FY2009 financial performance had been affected by weak consumer demand and slowdown in the semiconductor industry as a result of the
        112 words
      • Article
        Lock icon Food Junction posts 31% earnings rise
        72 7 FOOD Junction Holdings reported that its net profit for the 15 months from Oct 1, 2008, to Dec 31, 2009, rose 31.70 per cent to $4.34 million. Turnover was up 32.40 per cent at $59.99 million. The company changed its financial year-end from Sept
        72 words
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      Lock icon Page 4 Advertisements Column 1
      245 4 M MM M American Management JAiVtM Association About AMA AMA is a world leader in leadership and management development, advancing the competence of individuals and teams to drive business success. Organizations worldwide, including the majority of the Fortune 500, turn to AMA as their trusted partner in professional development and
      245 words
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      Lock icon Page 4 Advertisements Column 2
      19 4 60,000 Hotels Worldwide Best Rates Instant confirmation www.luxury.com.sg Luxury Tours Travel Pte Ltd Ten 6733 2808 6235 191 1
      19 words
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      Lock icon Page 5 Advertisements Column 1
      481 5 HATS NOTICES ASIA WATER TECHNOLOGY LTD (Company Registration No.: *****0042R) (Incorporated in the Republic of Singapore) Date: 18 February 2010 To: The Warrantholders of Asia Water Technology Ltd. Dear Sirs/Madam ADJUSTMENT TO EXERCISE PRICE AND NUMBER OF EXERCISABLE WARRANTS ISSUED PURSUANT TO THE RIGHTS ISSUE Unless otherwise stated, the capitalised
      481 words
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      Lock icon Page 5 Advertisements Column 2
      485 5 THE MONETARY AUTHORITY OF SINGAPORE APPLICATION FOR TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS TENOR TOTAL AMOUNT OFFERED MINIMUM DENOMINATION MAS' INTENDED TENDER AMOUNT" ISSUE CODE ISIN CODE ISSUE DATE/SETTLEMENT DATE MATURITY DATE* COUPON RATE YIELD AND PRICE COUPON PAYMENT DATES* NEXT COUPON PAYMENT DATE* METHOD OF SALE COMPETITIVE APPLICATIONS NON-COMPETITIVE APPLICATIONS
      485 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Wall St, Europe help STI end higher
      608 6  -  Index rises 35 points on improved turnover as traders return from holidays STOCKS R SIVANITHY Senior Correspondent WALLStreet’srise on Tuesday led to a 35.16-point bounce in the Straits Times I n d e x t o 2,794.06.Anafternoon pullback in Hong Kong posed some
      Source: Bloomberg  -  608 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      64 6 Feb 17 VALUE CLOSE BT OB/OS +233.0 BT CADI -*****.00 +123.0 BT 10-day MA -*****.00 FTSE ST Mid Cap 672.44 +6.52 FTSE ST Small Cap 525.76 +4.16 FTSE ST All Share 688.95 +8.20 FTSE ST China Top 275.55 +5.05 FTSE ST China 292.93 +5.81 FTSE ST Catalist
      64 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 13 1 4 0 0 0 13 1 4 Manufacturing 59 45 63 6 3 11 65 48 74 Commerce 24 14 24 4 1 4 28 15 28 Tpt/Stor/Comms 23 6 12
      186 words
    • BROKERS’ TAKE
      • Article
        Lock icon Tat Hong Holdings
        462 6 Feb 17 close: $0.935 OCBC INVESTMENT RESEARCH, Feb 17 Q3 2010 results disappoint. Tat Hong Holdings (Tat Hong) reported its Q3 2010 results with core earnings falling short of expectations. Revenue fell 15.9 per cent y-o-y to $122.8 million and gross profit retreated correspondingly by 15.6 per
        462 words
      • Article
        Lock icon Singapore Land
        482 6  -  Feb 17 close: $6.26 KIM ENG RESEARCH, Feb 17 Compiled by JOYCE HOOI EXCLUDING revaluation losses, Singapore Land’s (SingLand’s) core profits improved by 28 per cent y-o-y on the back of positive rental reversion, in line with expectations. We believe negative rental reversion will set in this year
        482 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      117 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,784 13,784 44,484 44,484 Manufacturing 230,445 17,953 248,398 198,042 507 198,549 Commerce 123,000 16,999 139,999 112,111 3,655 115,766 Tpt/Stor/Comms 127,223 920 128,143 251,662 148 251,810 Finance 21,912 21,912 161,005 161,005 Construction 31,501 9,772 41,273 10,529
      117 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 6 Stock name Close Change Stock name Close Change CapitaLand 4.000 +0.070 CapitaMall 1.800 +0.020 CityDev 10.980 +0.080 ComfortDelGro 1.560 +0.020 Cosco Corp 1.300 +0.050 DBS Grp 14.260 +0.080 F&N 4.150 +0.130 Genting SP 1.020 -0.040 Golden Agri 0.560 +0.020 HK Land 4.800 +0.150 JMH 30.900 +0.960
      114 words
    • Article, Illustration
      Lock icon Euro loses early gains against greenback
      558 6 CURRENCIES Reuters [LONDON] The euro failed to sustain early gains against the US dollar yesterday as traders booked profits from a rally in the single European currency and focus shifted away from Greece’s fiscal woes. The yen, meanwhile, fell broadly as concerns about sovereign
      Reuters; BLOOMBERG  -  558 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 6 VOLUME Genting SP 219,217,000 Golden Agri 118,020,000 Asia Water 43,284,000 SingTel 32,541,000 Transcu Grp 31,191,000 Abterra 26,862,000 IndoAgri 26,273,000 StraitsAsia 23,519,000 Cosco Corp 20,985,000 NOL 18,916,000 VALUE($) Genting SP 228,626,660 SingTel 97,548,860 Golden Agri 65,827,545 DBS Grp 60,429,100 IndoAgri 55,361,990 CapitaLand 53,171,320 StraitsAsia 51,744,050 SIA 45,283,250 Noble
      56 words
    • Article
      Lock icon RISES
      107 6 BY CENTS CLOSE UP GLD 10US$ ***** 482.4 3.2 DBXT FTVietnam 10US$ 4502 173.9 2.8 DBXT MSAsExJp 10US$ 2692 159.9 4.4 JMH 3090 134.6 3.2 DBXT Nifty 10US$ ***** 110.8 0.7 Lyxor India Nifty 10 1550 98.0 6.7 DBXT FTChina25 10US$ 2857 63.1 1.6 JSH 1730 53.3 2.2 SIA
      107 words
    • Article
      Lock icon FALLS
      122 6 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 5455-144.4 -1.9 STI 2900 DBePW*****1 38 -15.5 -29.0 Genting SP.ES.1002 100 -9.0 -8.3 Lyxor EmergingMkts 1 951 -5.6 -0.4 Kim Eng Hldgs 200 -5.0 -2.4 STI 2750BNPePW*****5 2.5 -5.0 -66.7 DairyFarm 620 -4.2 -0.5 DBS.ES.1002 1420 -4.0 -0.3 Genting SP 102
      122 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      87 6 Feb 17 CHNG YR 2010 CLOSE FR Feb 12 S$ LOW S$ HIGH US$ 1.4031 0.66 1.4219 1.3869 Euro 1.9293 -0.30 2.0153 1.9236 Pounds 2.2136 0.13 2.2776 2.2136@ A$ 1.2664 -0.65 1.2923 1.2276 Yen* 1.5485 1.02 1.5897 1.5027 Rupiah* 0.***** -0.10 0.***** 0.***** Baht* 4.2319 0.58
      87 words
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      298 7 Become a member and earn up to 6% from every booking h* Become o memc No booking fees Customer suoooi Customer support 24/7 HotelClub.com If pays to stay wifh us. Superior Room 5146 Only 10 minutes drive from Parraya and close ro rhe area's attractions T Book dote valid from
      298 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Hsieh named special adviser to Ho Ching
      396 8  -  Ex-SGX CEO also made member of two committees of Temasek Holdings By SIOW LI SEN HSIEH Fu Hua, who joined the Temasek board earlier this month, will take on the job of special adviser to chief executive Ho Ching, Temasek Holdings said yesterday.
      FILE PHOTO  -  396 words
    • Article
      Lock icon New LNG pipelines, network planned
      580 8  -  EMA tenders seek review of operations, Gas Network Code By RONNIE LIM WITH liquefied natural gas (LNG) entering the energy mix here shortly, Singapore plans to build four new gas pipelines to link the $1.5 billion LNG terminal on Jurong Island with the two existing
      580 words
    • Article
      Lock icon Elector registers revision gazetted
      102 8 PRIME Minister Lee Hsien Loong has under the Parliamentary Elections Act directed the Registration Officer to revise the registers of electors and complete this revision on or before March 31, according to the Feb 17 electronic edition of the Government Gazette. The Gazette was issued by
      102 words
    • Article
      Lock icon Deputy MD Tregillis to leave MAS next month
      221 8 THE Monetary Authority of Singapore (MAS) said yesterday that Shane Tregillis, deputy managing director, market conduct, will leave on March 11 when his contract ends. It said Teo Swee Lian, deputy managing director, prudential supervision, will oversee the market con- duct group
      221 words
    • Article, Illustration
      Lock icon GET A SHOWER OF LUCK
      146 8  -  By YEN MENG JIIN STANDING 18 metres high, the God of Fortune lantern is the tallest in the River Hongbao’s 24-year history. It is one of many attractions included in the current Singapore River Hongbao 2010 celebrations at the Float Marina Bay. The lantern dispenses
      YEN MENG JIIN  -  146 words
    • Article
      Lock icon Macquarie to conduct Asian oil trading here
      364 8  -  Industry veteran Steven Taylor leads 6-man trading team By RONNIE LIM AUSTRALIA’s Macquarie Group will conduct Asian oil trading operations out of Singapore the world’s third largest oil trading hub. It has just set up an experienced six-man trading operation here and expects
      364 words
    • Article
      Lock icon New economic activities in statistics groups
      288 8  -  Latest classification by DOS reflects government’s focus By TEH SHI NING NEW and emerging economic activities here, such as clean energy, interactive digital media and IR-rela-ted ones, are now highlighted in the latest Singapore Standard Industrial Classification (SSIC) 2010. The tenth edition of this
      288 words
    • Article
      Lock icon Chinese chamber wants tax incentives to boost productivity
      220 8 TAX incentives to increase productivity and employment of older workers are among the items that the Singapore Chinese Chamber of Commerce Industry (SCCCI) has on its 2010 Budget wish list. Topping the list are tax incentives to raise worker productivity through training.
      220 words
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  • SINGAPORE INTERNATIONAL
    • Article, Illustration
      Lock icon EDP – A programme tailored for Singapore exporters
      861 9  - EDP A programme tailored for Singapore exporters IE Singapore says the programme provides participating companies with a comprehensive and structured approach to exporting, reports CHUANG PECK MING CHUANG PECK MING SINGAPOREexportersare so traumatised by the recent two-year recession that they are now ensuring that they will be better equipped the
      FILE PHOTO  -  861 words
    • Article
      Lock icon How EDP has helped local exporter Song Seng to be more savvy
      444 9  -  Reports by CHUANG PECK MING SONG Seng Associates, a local supplier of paper cups, plastic cutlery and disposable food packages, hasn’t been complacent despite soaring exports in the past few years. Its business did so well it was
      444 words
    • Article
      Lock icon Issues in export negotiations
      167 9  -  By SARATH MENO The writer is iadviser managing director of Orissa International Q: What are some of the pitfalls of export negotiations and how do companies avoid them? A: Many companies work with representatives such as agents or distributors when they want to sell their products
      167 words
    • Article
      Lock icon Developing a standard exporting procedure
      427 9 After attending EDP, Hy-Ray eyes deal in Vietnam SINGAPORE-BASED Hy-Ray was looking to expand its distribution network overseas when it came across an advertisement for International Enterprise Singapore’s Exporter Development Program (EDP). It signed up without hesitation. “It was timely that IE Singapore came up
      427 words
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      Lock icon Page 9 Advertisements Column 1
      113 9 BOOST YOUR BUSINESS, INCREASE YOUR EXPORTS Join the next intake of IE Singapore's Exporter Development Programme this March to take your business to the next level. Learn the fundamentals and get personalised coaching from experienced coaches to help you in your export strategy planning. Apply what you have learnt through
      113 words
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      Lock icon Page 9 Advertisements Column 2
      15 9 Singapore International A fortnightly series brought to you by IE Singapore and The Business Times
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon EU not seeking proprietary trading ban
      591 10 Sector warned to check ethics; closer watch on securitised products, derivatives BANKING REGULATION Reuters [BRUSSELS] While Washington has proposed banning some banks from trading on their own account, the European Union is not backing that measure. The bloc’s executive body said on Tuesday that
      Reuters; AFP  -  591 words
    • Article, Illustration
      Lock icon Wall St elders favour more regulation
      925 10 They support the bank reform proposed by Volcker NYT [NEW YORK] Put aside for a moment the populist pressure to regulate banking and trading. Ask the elder statesmen of these industries giants such as George Soros, Nicholas Brady, John Reed, William Donaldson and John
      NYT; REUTERS  -  925 words
    • Article
      Lock icon Analysts cite huge costs of bank reform
      331 10 Reuters [LONDON] Top banks will need an extra US$221 billion of capital and see annual profits slump by US$110 billion if all proposed regulations to reform the industry are brought in, leading analysts said yesterday. If all the initiatives from regulators are implemented,
      Reuters  -  331 words
    • Article
      Lock icon Japan should impose financial transactions tax: minister
      403 10 Minezaki says it will curb volatility that threatens growth Bloomberg [TOKYO] Japan should impose a tax on financial transactions to curb market volatility that could threaten economic growth, Vice-Finance Minister Naoki Minezaki said yesterday. “We’re seeing speculative funds flowing carelessly around the world
      Bloomberg  -  403 words
    • Article
      Lock icon South Korea likely to raise interest rates in near future
      390 10 Reuters [SEOUL] South Korea’s central bank will likely start raising interest rates in the near future when it confirms a recovery in the private sector, its chief said yesterday. “I think (the central bank) has to start raising interest rates
      Reuters  -  390 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Alliance Financial posts 28% jump in Q3 profit
      446 11  -  Results prompt buy calls, even as top management faces ongoing probe By S JAYASANKARAN ALLIANCE Financial Group’s 28 per cent rise in net profit for its third quarter of its 2010 financial year has once again prompted buy calls on the stock
      FILE PHOTO  -  446 words
    • Article
      Lock icon China eyeing Indonesian natural resource deals
      524 11 Reuters [HONG KONG] Last year, it was Australia that drew Chinese suitors seeking energy, metals and coal deals. Now it’s Indonesia, the re-source-rich nation of 17,000 islands. China’s appetite for natural resources, from coal to gas to oil, is undiminished despite 2009’s acquisition spree
      Reuters  -  524 words
    • Article, Illustration
      Lock icon Deal signed for geothermal plant
      397 11 Reuters [JAKARTA] Indonesia’s state electricity firm PT Perusahaan Listrik Negara (PLN) yesterday said it had signed a US$156.7 million engineering contract with Japan’s Sumitomo Corp for a geothermal power plant. Nasri Sebayang, PLN’s director of planning and technology, said Sumitomo would build the geothermal plant,
      Reuters; BLOOMBERG  -  397 words
    • Article
      Lock icon Palm oil may stabilise at US$700-US$750
      360 11 Indonesia minister cites strong demand from China, India Bloomberg [SINGAPORE] Palm oil prices may stabilise between US$700 and US$750 a tonne this year as China and India buy more of the commodity, Indonesian Trade Minister Mari Pangestu said. “What we’re seeing is a very
      Bloomberg  -  360 words
    • Article
      Lock icon Slower gains seen for Indonesia syariah system
      589 11 Reuters [JAKARTA] Investors betting on explosive growth in Indonesia’s Islamic finance industry may have to settle for slower gains as an unfriendly regulatory framework holds the market back. A huge Muslim population and vast untapped banking potential have fuelled expectations that South-east Asia’s
      Reuters  -  589 words
    • Article
      Lock icon Indonesia shelves plans for euro bonds
      319 11 Bloomberg [JAKARTA] Indonesia has shelved plans for its first sale of euro debt as Europe’s deficit-financing difficulties damp appetite for bonds denominated in the currency, a finance ministry official said. “The euro bond is definitely not on our mind,” Rahmat Waluyanto, director general of
      Bloomberg  -  319 words
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  • GREATER CHINA
    • Article
      Lock icon Wall Street banks scramble for China IPO business
      1107 12 NYSE, Nasdaq also step up plans to lure Chinese listings as IPOs at home ebb NYT [SHANGHAI] Last April, when global financial markets were collapsing, a Chinese website named Sohu. com made a bold move to spin off its online gaming unit
      NYT  -  1,107 words
    • Article, Illustration
      Lock icon HK bourse chief sees more IPOs this year
      359 12 Bloomberg [HONG KONG] Ronald Arculli, chairman of Hong Kong Exchanges Clearing Ltd, said he is “cautiously optimistic” that more funds will be raised through initial public offerings in the city this year than 2009’s figure of US$24 billion. The operator of Asia’s
      Bloomberg; AFP  -  359 words
    • Article, Illustration
      Lock icon Foie gras makes culinary inroads into China
      515 12 AFP [YANQING, China] China’s ever-growing taste for luxury goods is extending into the culinary world and that’s good news for Jean-Marie Vallier, who runs a duck farm and foie gras factory outside Beijing. Two years ago, French group Euralis the world leader in
      AFP  -  515 words
    • Article
      Lock icon Beijing may raise banks’ reserve requirement again
      360 12 Bloomberg [SINGAPORE] China, which ordered banks to set aside more deposits as reserves for a second time in a month, will probably raise the requirement further and boost interest rates by the end of 2010, Credit Suisse Group AG said. The People’s Bank
      Bloomberg  -  360 words
    • Article
      Lock icon China faces tough talks with miners on iron ore deals
      701 12 AFP [SYDNEY] Mining companies are playing “hardball” with China, the world’s leading iron ore consumer, in difficult contract talks which could collapse again this year, analysts say. Despite China’s vast wealth, the miners hold the upper hand because the non-contract,
      AFP  -  701 words
  • Page 12 Advertisements
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      25 12 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY TITANS OF OUR TIME An iconic watch brand from Tata, a Bollywood star... what's the connection? .at T!h'TiT!wn!7n7T!Tin!:
      25 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Selling US bonds to send a message?
      845 13 Analysts are divided if Beijing is flexing its financial muscle amid tensions in other areas AFP [WASHINGTON] China may be flexing its financial muscle by cutting back on its massive holding of US Treasury bonds as tensions rise between the two powers on
      AFP; Source: US Treasury AFP Graphics  -  845 words
    • Article, Illustration
      Lock icon Beijing’s ‘Buy China’ policy provokes outcry
      1104 13 AP [BEIJING] Beijing says it wants to spur Chinese inventions with a “Buy China” policy that gives preference to domestic technology companies. But the tactic has provoked an outcry from Washington and business groups that say it will choke off access to the massive
      AP; AFP  -  1,104 words
    • Article
      Lock icon Group making US$2.5b bid for Nitel
      382 13 Reuters [ABUJA, Nigeria]- A consortium involving China Unicom bid US$2.5 billion on Tuesday for the former state telecoms monopoly in Nigeria, one of the world’s fastest growing markets, the privatisation body said. The National Council on Privatisation said that New Generation Telecommunications Ltd had
      Reuters  -  382 words
    • Article, Illustration
      Lock icon Indian food prices to fall further next month: minister
      545 13 Reuters [NEW DELHI] India’s high food prices have started to ease and will dip further next month, the farm minister said, while the finance minister is still worried about inflation amid signs that the headline number may hit 10 per cent
      Reuters; AFP  -  545 words
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  • INDIA
    • Article
      Lock icon Bankers count on India’s fresh appetite for overseas assets
      892 14 An increase in takeover activity would reverse last year’s drought Bloomberg [NEW DELHI] Billionaire Sunil Bharti Mittal’s US$9 billion bid to buy mobilephone assets in Africa may signal the return of India’s appetite for overseas assets. That’s what investment bankers such
      Bloomberg  -  892 words
    • Article, Illustration
      Lock icon You can’t beat railways for its sporting spirit
      1104 14 It’s athletes’ friend as corporates mostly back only cricketers NYT [NEW DELHI] Cricket is a national obsession in India. Its stars dominate the headlines and devour almost all the sponsorship deals. Aspiring Olympians can find financial support harder to come by. Historically,
      NYT; AFP  -  1,104 words
    • Article
      Lock icon India plans bill on foreign varsities’ entry
      172 14 Reuters [NEW DELHI] India will introduce a bill to allow the entry of foreign universities during the parliament session that begins on Monday, an official said, a long-awaited reform that would revamp the country’s education system. Goldman Sachs counts the lack of quality
      Reuters  -  172 words
    • Article
      Lock icon Strict India visa rules out of line with reality
      785 14 They hinder hiring of expats needed for Infosys to expand Bloomberg [NEW DELHI] TV Mohandas Pai says that he wants to hire more expatriates for Infosys Technologies Ltd, India’s second-largest software exporter, as the global economic recovery boosts sales. Stricter visa
      Bloomberg  -  785 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon HSBC said to be linked to tax inquiry
      715 15 Wealthy investor in Virginia pleads guilty to criminal tax evasion NYT [NEW YORK] A wealthy investor in Virginia pleaded guilty on Tuesday to criminal tax evasion involving an international bank, said by a person briefed on the case to be HSBC, one
      NYT  -  715 words
    • Article
      Lock icon Europe may need big rescue package to ensure success
      499 15 Bloomberg Reuters AP [LONDON] Europe may need to stump up as much as 320 billion euros (S$616.7 billion) if it decides to bail out Greece because it would open the door to rescuing other countries in financial distress, according to French
      Bloomberg; Reuters; AP  -  499 words
    • Article, Illustration
      Lock icon AXA Asia-Pac’s turnaround set to fan bid battle
      568 15 Reuters [SYDNEY] Takeover target AXA Asia-Pacific’s best annual results in six years and promise of strong growth in 2010 raise the chances of its two suitors hiking their bids for the Australia-based insurer. AXA Asia-Pacific, which is being circled by National Australia
      Reuters; REUTERS  -  568 words
    • Article
      Lock icon US nuclear industry gets lift from US$8.3b loan
      722 15 Reuters [HOUSTON] A US$8.3 billion loan guarantee issued by the Obama administration on Tuesday is a key step toward a resurgence of US nuclear power plant building, but is unlikely to spur a long-touted construction renaissance. President Barack Obama announced that At-lanta-based
      Reuters  -  722 words
    • Article
      Lock icon EMI puts Abbey Road Studios up for sale
      403 15 AFP [LONDON] The London recording studio immortalised by the multi-million-selling Beatles album of the same name has been put up for sale by its owners. Debt-laden music company EMI is seeking buyers for Abbey Road Studios, a mecca for Beatles fans around
      AFP  -  403 words
    • Article
      Lock icon Are macho chefs remaking the kitchen?
      208 15 [LONDON] Foul-mouthed TV chefs are beginning to have an effect on the once sedate world of kitchen cookware, according to one department store. The examples of culinary stars like Gordon Ramsay and Marco Pierre White have made the image of cooking more macho and
      208 words
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  • WORLD
    • Article
      Lock icon Diamond market counts on Asia to pull it out of doldrums
      866 16  -  De Beers reported 44% slump in sales to US$3.84b in 2009, down from US$6.89b in 2008 By NEIL BEHRMANN DE Beers and other diamond producers, and dealers are banking on Asia to drag the depressed industry out of the
      866 words
    • Article
      Lock icon Berkshire cuts stakes in P&G and Johnson
      586 16 Investment changes come as it prepared to buy rail operator AP Bloomberg [OMAHA, Nebraska] Billionaire Warren Buffett’s company reduced several of its biggest investments as it prepared to complete its takeover of railroad company Burlington Northern Santa Fe Corp. Berkshire Hathaway reduced holdings
      AP; Bloomberg  -  586 words
    • Article, Illustration
      Lock icon Buffett ends reception for non-US investors
      442 16 Bloomberg [OMAHA] Billionaire investor Warren Buffett has ended the tradition of hosting an event for non-US investors at the annual shareholders weekend of his Berkshire Hathaway Inc. Mr Buffett used the session previously to scout for acquisitions outside the US. He said after the
      Bloomberg; AP  -  442 words
    • Article
      Lock icon Over 120 hedge funds buy Citi stock in Q4
      635 16 Purchases coincide with sale of 5b new shares by the bank Bloomberg [NEWYORK] Investors may be betting on a rebound in Citigroup after it lost as much as 94 per cent of its value during the credit crisis. More than 120
      Bloomberg  -  635 words
    • Article, Illustration
      Lock icon Soros doubles bet on gold, raises Citi stake in Q4
      591 16 Billionaire placed other large bets on Monsanto, Petrobras Reuters [BOSTON] Billionaire investor George Soros’s hedge fund more than doubled its bet on the price of gold during the fourth quarter. The New York-based firm also disclosed in a filing on
      Reuters; REUTERS  -  591 words
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  • AVIATION
    • Article, Illustration
      Lock icon Corporate flyers likely to stay in economy class
      780 17 Permanent shift to coach will put more pressure on industry facing huge losses Bloomberg [LONDON] Corporate travellers forced to fly coach during the recession may never return to business-class cabins as employers seek permanent cuts to their travel budgets, the International Air
      Bloomberg; AP  -  780 words
    • Article
      Lock icon 5 US airlines apply for slots at Japan’s Haneda Airport
      464 17 New US-Japan treaty reached in Dec eases restrictions AP [MINNEAPOLIS] The four biggest US airlines and a small Hawaiian carrier applied on Tuesday for coveted slots at Tokyo’s downtown airport, two months after a landmark agreement was reached between the
      AP  -  464 words
    • Article
      Lock icon Revised A400M offer puts pressure on EADS
      354 17 Reuters [PARIS] Airbus parent EADS faced intense pressure yesterday to accept a revised offer from European nations to rescue the A400M military transporter project after a cost blow-out seen threatening 10,000 jobs. Seven countries that ordered the European army plane in 2003 have
      Reuters  -  354 words
    • Article
      Lock icon Airplane deliveries down 21%
      197 17 Bloomberg [WASHINGTON] Airplane deliveries to customers worldwide dipped 21 per cent last year, not including military aircraft or commercial jets, as the recession curbed air travel and traditional customers struggled to obtain credit, the General Aviation Manufacturers Association said on Tuesday. Industry billings declined to US$19.5
      Bloomberg  -  197 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2923 17 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
      2,923 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      345 17 CRYPTIC CROSSWORD Across 1 England cricketer’s remarks? They can be cutting and lethal! (11) 7 Fair women appearing? Old Ben’s excited (7) 8 Rodent responsible for mouldy smell round floating Ark (7) 10 Book about one Conservative see it on the computer? (8) 11 Ornament to stay in fixed position,
      345 words
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  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      2215 18 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
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      Lock icon Page 18 Advertisements Column 2
      1326 18 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:
      1,326 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Norway shipowners win back-tax battle
      578 19 Highest court rules as unconstitutional govt move to tax exempt income Bloomberg [OSLO] Norway’s government breached the constitution when it changed fiscal rules for shipowners including Farstad Shipping ASA to tax income that had been exempt, the country’s highest court ruled last week Bergshav Tankers
      Bloomberg  -  578 words
    • Article
      Lock icon Ship demolition hits 13-year high
      252 19 Bloomberg [LONDON] Ship demolition rose to the highest in 13 years in 2009, as owners scrapped aging vessels to make way for a record number of new ships being built, Clarkson Research Services Ltd said in a report on Tuesday. Scrappers in Bangladesh, India, Pakistan
      Bloomberg  -  252 words
  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      1589 19 NYK LOGISTICS MEGACARRIER Packed into an NYK containership in Victoria Harbour, Canada, a shipment of choice soybeans begins a Pacific voyage. Shortly after arrival in Kobe, Japan, the soybeans are loaded onto trucks headed for a venerated tofu shop in Kyoto. I i i i "This tofu is exquisite." Hearing
      1,589 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Dealing with Greece’s number-fudging
      504 20 EDITORIAL FOR now, at least, a Greek tragedy will probably be averted. The government of George Papandreou is set to follow the advice of the European Union finance ministers and take drastic measures to rein in Greece’s fiscal deficit, which stood at a massive 12.7 per
      504 words
    • Article, Illustration
      Lock icon Typical of Beijing to persecute victims
      768 20  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator IN autumn 2008, tainted milk led to the sickening of 300,000 infants in China, at least six of whom died as a result of kidney damage caused by milk powder
      768 words
    • Article, Illustration
      Lock icon How did the world get into this mess?
      960 20  -  An IMF study takes a candid look at monetary and regulatory shortcomings ANTHONY ROWLEY Tokyo Correspondent IF, as is sometimes said, “education is too important to be left to teachers”, then probably monetary policy is too important to be left to central
      AFP  -  960 words
    • Article, Illustration
      Lock icon Way forward to a low-carbon economy
      1223 21  -  Tax incentives will continue to play a big role in developing Singapore’s smart energy economy By SUNIL AGARWAL, KILLIAN PATTWELL AS Copenhagen has shown, climate change is testing the ability of the world’s leaders to develop effective environmental policies through consultation. Many are frustrated
      AFP  -  1,223 words
    • Article
      Lock icon Step up enforcement action – or see more lapses in governance
      663 21  - Step up enforcement action or see more lapses in governance LETTER TO THE EDITOR Mak Yuen Teen Associate professor NUS Business School I REFER to the article “Governance lapses, missing millions in E3” (BT, Feb 11). Having read the special auditors’ report and the company’s response, I cannot help feeling
      663 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8802 22 Transaction date: Feb 17 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 17.5 +0.5 682 17.5 17 17 17.5 1.7 10.3 5.6 83.8 10 2.5 5834
      8,802 words
    • Article
      Lock icon SGX CATALIST
      1644 23 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 5.5 +0.5 3 5.5 5.5 4.5 5.5 5.3 25 12 8538 t APStrategic 14.5 13 15
      1,644 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9348 23 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.17/ APS Alpha Fund (USD)!** 0.83/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.67/ Aberdeen Asset Mgt Asia Limited American Opp 0.6306/ Asian Credit Fund 1.2189/ Asian
      9,348 words
    • Article
      Lock icon SGX ETF
      467 23 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 $mil 111 107 6389 ABF SG Bond ETF 110.4 108 112 504 846 427 CIMBAsean40 100US$ US821 +17 127 822 813 817 822 32.8 298
      467 words
    • Article
      Lock icon CLOB INTERNATIONAL
      255 23 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 $mil 56 20 6000 AVJennings A45 46 3.6 7.8 3.6 117.2 31 6 6017 Genting HK US$ US20 -0.5 1150 21 19.5 20 20.5 1316.9
      255 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      365 24 In local curr In S$ In US$ dy yr dy yr dy yr Feb 16 Index Change Change Change Change Change Change World Index Preliminary 806.1 1.1 -3.2 0.9 -3.8 1.3 -4.0 EAFE Preliminary 750.6 0.9 -4.4 0.9 -5.9 1.3 -6.1 Europe Preliminary 1072.5 1.3
      365 words
    • Article
      Lock icon INTERBANK RATES
      180 24 Feb 17 $S Offer Bid Overnight 1/8 1/16 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 1/16 US$ 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
      180 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 24 Feb 17 S$ Bid Offer 1-month 1.4024 1.4034 2-months 1.4026 1.4036 3-months 1.4027 1.4038 6-months 1.4033 1.4044 Source: OCBC
      22 words
    • Article
      Lock icon SICOM FUTURES
      186 24 Feb 17 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 10 321.5 319.0 321.5 102 612 Apr 10 322.0 319.2 322.0 80 421 May 10 322.0 646 Jun 10 322.0 120 770 Jul 10 322.0 380 Aug 10
      186 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      90 24 Feb 17 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 20.05.2010 0.39 0.34 0.34 1-Year BY*****N 01.11.2010 0.39 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.46 104.60 104.55 5-Year N*****0N 1.375 01.10.2014 100.24
      90 words
    • Article
      Lock icon CHICAGO BOT
      105 24 Feb 16 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 10 965.50 945.00 966.00 945.25 May 10 974.50 954.00 975.00 954.00 Jul 10 981.75 960.75 982.00 961.00 Aug 10 977.00 956.00 976.00 964.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 10 38.95 37.84 39.02
      105 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 24 CRUDE OIL PRODUCTS Feb 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 75.56 2.93 WTI (Near Mth) 77.15 3.16 Dubai (1-Mth F) 73.26 0.81 Tapis blend 76.30 0.80 Minas 75.60 0.80 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 72.88 unch Jet Kerosene 81.60 unch US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2416 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3 1 15 24 4.83 51 2036 Advance SCT Ltd W*****9 0.5 1 87 1844 9.00 6 8756 Asiatic Grp (H) Ltd W*****2 8.5 1 3
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 24 Feb 17 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2550 1.2930 Can dollar 1.3380 1.3540 Euro 1.9230 1.9450 NZ dollar 0.9840 1.0050 Sterling pound 2.2030 2.2290 US dollar 1.3960 1.4120 Local dollars to 100 units of foreign
      132 words
    • Article
      Lock icon STOCK INDEX FUTURES
      27 24 Feb 17 Open High Sett STI Feb 2788 2788 2794 SIMSCI Feb 335.0 335.3 334.2 Taiwan Feb closed Source: MF Global (S) Pte. Ltd
      27 words
    • Article
      Lock icon PALM OIL
      76 24 Feb 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 10 2609 2627 2634 2609 1170 4745 Apr 10 2609 2620 2631 2609 3342 ***** May 10 2611 2628 2628 2606 6409 ***** Jun 10 2607 2615
      76 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      343 24 Feb 17 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar10 99.7250 0 8971 Jun10 99.5950 0 7716 Sep10 99.3700 0 2735 Dec10 99.0500 0 1922 EUROYEN TIBOR FUTURES Mar10 99.5700 112 4540 Jun10 99.6250 99.6250 99.6250 99.6650 16 1629 Sep10 99.6850 0 2021 Dec10 99.6700 0
      343 words
    • Article
      Lock icon INTERBANK CROSS RATES
      465 24 Feb 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.941 6.163 0.655 7.008 41.512 83.746 0.814 10.303 3.054 1.275 76.612 42.110 1.265 6.910 0.962 28.912 29.886 0.571 0.902 Canada 1.062 6.548
      465 words
    • Article
      Lock icon SIBOR
      85 24 Feb 17 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 24 Feb 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2644 1.2660 0.9017 0.9022 Canadian dollar 1.3434 1.3451 0.9580 0.9586 Euro 1.9314 1.9333 1.3774 1.3778 NZ dollar 0.9912 0.9928 0.7069 0.7075 Sterling pound 2.2158 2.2179 1.5802 1.5806
      154 words
    • Article
      Lock icon PRECIOUS METALS
      138 24 Feb 17 GOLD (US$/oz) Feb 17 Feb 12 Hong Kong 1120.10 CLOSE Feb 16 Feb 15 London 1116.40 1098.90 1117.40 1099.90 Source: Thomson Reuters CAST BAR Feb 17 (S$) Selling Buying Kilobar "54,022.16" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 120.91 50 5gm 343.47 252 10gm 614.18
      138 words
    • Article
      Lock icon LONDON METALS
      71 24 Feb 16 Feb 16 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2098.00 2021.50 3 months 2131.00 2054.00 Copper, Grade A (US$/tonne) Cash 7120.00 6846.75 3 months 7144.00 6865.00 Lead (US$/tonne) Cash 2278.50 2164.00 3 months 2298.00 2180.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon LIFFE
      77 24 Feb 16 COCOA (£/tonne) Close Prev High/Low Mar 10 2299 2298 2322/2294 May 10 2286 2278 2302/2271 Jul 10 2262 2256 2280/2253 Sep 10 2243 2238 2253/2241 COFFEE (US$/tonne) Close Pev High/Low Mar 10 1286 unch 1293/1279 May 10 1316 1318 1326/1309 Jul 10 1349 1350 1355/1343 SUGAR (US
      77 words
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  • BizIT
    • Article, Illustration
      Lock icon Avaya sees surge in Asia-Pac business
      786 25  -  Communications player Avaya is leveraging its acquisition of Nortel Enterprise Solutions to open up new areas of business. Its Asia-Pacific president Francois Lancon tells AMIT ROY CHOUDHURY the company plans to grow its operations by expanding its presence in the fast-growing small and medium-sized
      786 words
    • Article, Illustration
      Lock icon Singtel in tie-up to open global mobile apps store
      452 26  -  JV with 23 others will offer developers a simpler way to deliver services By WINSTON CHAI SINGAPORE Telecommunications is teaming up with 23 of the world’s largest operators to create what could possibly be the mother of all mobile application stores.
      REUTERS  -  452 words
    • Article, Illustration
      Lock icon Google’s dominance worries Vodafone
      613 26 Net giant responds by asking operators to work together Reuters [BARCELONA] The chief executive of Vodafone Group, the world’s largest mobile network operator, expressed the fears of many on Tuesday when he said Google Inc should not be allowed to dominate the mobile space. Vittorio Colao,
      Reuters; BLOOMBERG  -  613 words
    • Article
      Lock icon Nokia, Intel team up in phone software race
      499 26 Competition from Google, Apple forces the two to merge operating systems Reuters [BARCELONA] Nokia and Intel are to merge their top-end smartphone operating systems as they face increasing competition from newcomers Google and Apple. The cellphone industry has started to focus increasingly
      Reuters  -  499 words
    • Article
      Lock icon Microsoft risks margins as Office fights Google
      732 26 Bloomberg [SEATTLE] Microsoft Corp president Stephen Elop is preparing for the biggest shake-up to the US$19 billion Office business in a decade as the company races Google Inc to sell Internet-based programs. Two years into his career as head of Microsoft’s business software
      Bloomberg  -  732 words
    • Article
      Lock icon RIM’s new BlackBerry Web browser to challenge iPhone
      363 26 Bloomberg [TORONTO] Research In Motion Ltd (RIM) debuted a new Web browser for its BlackBerry devices on Tuesday, touting the program as easier and faster to use as the phone maker pursues consumer customers. The new WebKit browser, available this year, will
      Bloomberg  -  363 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      110 25 HITACHI. THE ROOTS FOR A GREENER WORLD. r i mi *************** ***** ENERGY 'I fl II (I il il II (I tl if il >1 if if tlfi if if fl tlrlilrlrf ?l;f r JrlilMfflfif rlM HITACHI H-25 GAS TURBINE Fewer sulphate emissions 34.8% thermal efficiency Reduces resource wastage HITACHI
      110 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Simon’s US$10b bid for bankrupt rival rejected
      908 27 A successful merger would make Simon the biggest mall operator in US NYT [NEW YORK] After months of speculation, the Simon Property Group on Tuesday finally made an unsolicited US$10 billion offer for General Growth Properties, its bankrupt rival. But General Growth quickly
      NYT; BLOOMBERG  -  908 words
    • Article, Illustration
      Lock icon China grapples with soaring home prices
      941 27 Reuters [SHENZHEN] In the hard, exhaust-choked reality of his days trawling Longhua’s clogged roads, taxi driver Zhang Bo’s ambition to buy a small flat for his young family has slipped out of reach for now. Like many Chinese who covet real estate as a
      Reuters; REUTERS  -  941 words
    • Article, Illustration
      Lock icon Net allocation of JTC ready-built facilities turns positive in Q4
      648 28  -  Healthy demand for industrial properties expected in 2010, say analysts By UMA SHANKARI JTC Corp yesterday said that net allocation of its ready-built facilities (RBF) returned to positive territory in Q4 2009. In the first three quarters of 2009, net
      Source: JTC  -  648 words
    • Article
      Lock icon Househunt PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JAN 20 AND JAN 26, 2010
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