The Business Times, 23 February 2010
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The Business Times
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Title Section23 2010-02-23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Tuesday, February 23,201023 words
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1133 2010-02-23 1 ANNA TEO - Budget rewards productivity and innovation, extends a hand to SMEs, as S’pore sets out on journey to transform its economy By ANNA TEO [SINGAPORE] If the task last year was a dire need to save jobs, Budget 2010 is set squarely on the1,133 words
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Article141 2010-02-23 1 ST INDEX 2,757.46 (+0.32) ST INDEX FUTURES 2,757.00 (+0.00) SIMSCI 329.61 (+0.42) SIMSCI FUTURES 329.60 (+0.00) FOREX US$ S$ US$ (S$ per US$) 1.408 (US$/S$ per 1.549 2.180 EURO (US$/S$/E) 1.363 1.919 Foreign currency per US$ S$ YEN 91.60 65.00 RM 3.400 2.414 HK$ 7.765 5.515 BAHT 33.15141 words
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Page 1 Advertisements
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Advertisement126 2010-02-23 1 PROPERTY Preview of MCL Land’s Estuary in the spotlight PAGE 32 BAFTA AWARDS Kathryn Bigelow wins yet again; favourite Brits triumph PAGE 22 CORPORATE RESULTS SembMarine posts record profit PAGE Depuis 1775 V v > 5; -p <$> M Ol I y> 1 <A o nmiHff O oO \0 *p<126 words
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Advertisement52 2010-02-23 1 GUEST COMMENTATORS Robert Prior-Wandesforde, HSBC PAGE 4 Tan Khee Giap, LKY School of Public Policy PAGE 5 Owi Kek Hean, KPMG PAGE 9 P K Basu, Daiwa Capital Markets Singapore PAGE 10 EDITORIAL: A budget for quality jobs, quality growth PAGE 3 Excerpts of Budget speech PAGE 27 More reports52 words
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TOP STORIES
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600 2010-02-23 2 OH BOON PING - Capital gains tax could be next, says RBS, since govt keen to avoid bubble By OH BOON PING [SINGAPORE] Singapore property counters took a hit yesterday, after the government’s latest moves to quell speculation. CapitaLand lost 14 cents to $3.76, City Developments fell 52 cents600 words
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360 2010-02-23 2 VEN SREENIVASAN - Customers urged to contact their travel agents or Lufthansa By VEN SREENIVASAN [SINGAPORE] Singapore Airlines (SIA) said the pilots’ strike at its star Alliance partner Lufthansa had effected almost 260 of its code-share flights. Lufthansa and SIA have a close alliance and codeshare relationship,360 words
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Article591 2010-02-23 2 S’pore invests on road to the future IF the task last year was a dire need to save jobs, Budget 2010 is set squarely on the longer term, with sights on quality jobs for a restructured advanced economy. Fresh out of recession, Singapore is putting its money where591 words
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Page 2 Advertisements
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Advertisement476 2010-02-23 2 2010 Ernst Young Solutions LLP. All Rights Reserved. Budget Seminar 2010 The new tax agenda Monday, 8 March 2010 9:00 a.m. to 5:00 p.m. Suntec Singapore International Convention Exhibition Centre Level 2, Ballroom 2 1 Raffles Boulevard Singapore *****3 (Registration begins at 8:30 a.m.) Seminar fees S$250 (Clients and alumni)476 words
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Advertisement184 2010-02-23 2 2010 KPMGTax Services Pte Ltd (Registration No: *****3956G), a affiliated with KPMG International Cooperative ("KPMG International Thinking We're thinking about the future. n FT It's less than 24 hours since the 2010 Budget statement has been read. KPMG's commentary on the Budget has just been printed. We're rushing out copies184 words
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BUDGET 2010: STRATEGY
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627 2010-02-23 3 EDITORIAL From preserving jobs to creating quality jobs; from putting a floor under growth to boosting the quality of growth. That’s the big shift from year of recession 2009 to year of recovery 2010. The budget delivered by Finance Minister Tharman Shanmugaratnam in627 words
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845 2010-02-23 3 UMA SHANKARI - By UMA SHANKARI [SINGAPORE] Singapore is raising its foreign worker levies in a bid to get businesses here to restructure and upgrade their operations and rely less on lower skilled foreign labour. From July, the cost of hiring both work permit845 words
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Page 3 Advertisements
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Advertisement1588 2010-02-23 3 2008 BEIJING OLYMPICS.ASSASSINATION OF BENAZIR BHUTTO. 2004 US PRESIDENTIAL ELECTION CAMPAIGN. PAKISTAN'S 60TH ANNIVERSARY. DEADLY CYCLONE IN 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. DEADLY1,588 words
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BUDGET 2010: PRODUCTIVITY
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Article, Illustration524 2010-02-23 4 TEH SHI NING - Firms may claim 250% of the first $300,000 spent in each of 6 activities By TEH SHI NING ALL businesses may claim more tax benefits on spending on a wider range of innovative activities, under a new Productivity and Innovation Credit scheme announced inARTHUR LEE - 524 words
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333 2010-02-23 4 CHUANG PECK MING - About $250m earmarked for construction sector By CHUANG PECK MING THE National Productivity Fund will have $2 billion to back its moves to boost productivity in specific industries and enterprises. Finance Minister Tharman Shanmugaratnam said in his Budget Statement yesterday that the new fund333 words
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Article, Illustration696 2010-02-23 4 CHUANG PECK MING - By CHUANG PECK MING DEPUTY Prime Minister Teo Chee Hean will lead the high-level National Productivity and Continuing Education Council that will take on the big challenge to more than double Singapore’s productivity growth to 2-3 per cent yearly over the next decade. ProvidingYEN MENG JIIN - 696 words
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578 2010-02-23 4 ROBERT PRIOR-WANDESFORDE - That depends on the productivity of additional spending COMMENTARY By ROBERT PRIOR-WANDESFORDE The writer is senior Asian economist at HSBC THE stated aim of the Budget was “to chart a new course for the economy, growing it by improving productivity”. In theory, this marks578 words
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BUDGET 2010: GROWTH
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544 2010-02-23 5 SIOW LI SEN - The tax allowance will be equal to 5% of the value of the acquisition By SIOW LI SEN COMPANIES keen to take the mergers and acquisitions (M&A) route to growth will be boosted by a new tax allowance that offers them cost savings. The544 words
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Article, Illustration716 2010-02-23 5 TAN KHEE GIAP - If productivity drive, which is a longer-term policy target, is successful, business costs can be contained COMMENTARY By TAN KHEE GIAP The author is Associate Professor of Public Policy at the Lee Kuan Yew School of Public Policy, National University of Singapore THE 2010 Budget deliveredREUTERS - 716 words
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Page 5 Advertisements
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Advertisement389 2010-02-23 5 Seminar on Budget 2010 Date 3 March 2010, Wednesday Time 9 am to 12.30 pm Venue: Grand Hyatt Singapore Seminar on Budget 2010 In its first official forecast for 2010, the Ministry of Trade and Industry announced on 19 November 2009 that it expects the Singapore economy to grow by389 words
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Advertisement130 2010-02-23 5 sStasK V .V > \S x>\\ L* :>>>•' mxa Serviced Offices Cost effective office and IT solutions Best address, best receptionist, best support Flexible lease terms starting at just one month All for less than the cost of a secretary W servcorp.com.sg HSERVCORP Servcorp Virtual Offices The most professional business130 words
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BUDGET 2010: PROPERTY
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Article236 2010-02-23 6 ‘As expected, the 2010 Budget is rather soft on the property market given the run-up in the residential market. The restructuring of the property tax system is unlikely to have an adverse affect on the residential sector given that the impact of these changes is limited to236 words
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Article, Illustration937 2010-02-23 6 KALPANA RASHIWALA - More progressive system will benefit more owners, won’t hit high-end demand By KALPANA RASHIWALA MOST market watchers have welcomed Finance Minister Tharman Shanmugaratnam’s move towards a progressive property tax regime for owner-occupied residential properties as a fairer system. Currently, owner-occu-pied residential properties are taxedYEN MENG JIIN - 937 words
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Article, Illustration492 2010-02-23 6 SIOW LI SEN - Govt funds for new capabilities; hike in foreign worker levy By SIOW LI SEN FINANCE Minister Tharman Shanmugaratnam yesterday announced two key initiatives to help the construction industry raise its productivity levels fresh funds for contractors to develop new capabilities and technologies, and aST FILE PHOTO - 492 words
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478 2010-02-23 6 UMA SHANKARI - By UMA SHANKARI THE government has decided to do away with a tax allowance scheme for businesses introduced in the 1940s to encourage Singapore’s industrialisation. The axed scheme will be replaced by one designed to enhance land productivity but only companies478 words
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BUDGET 2010: BUSINESSES
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573 2010-02-23 7 TEH SHI NING - Slew of incentives for high-growth potential activities By TEH SHI NING SINGAPORE’S maritime industry was one of several to benefit from incentives unveiled in this year’s Budget targeting “high-growth potential” activities to grow Singapore into a “global business hub”. Finance Minister573 words
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681 2010-02-23 7 CONRAD TAN - Govt moves to plug gaps in supply of cross-border financing for firms By CONRAD TAN THE government will provide up to $250 million as initial seed capital for pub-lic-private co-investment funds to be set up later this year to invest in681 words
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Article, Illustration520 2010-02-23 8 WINSTON CHAI - Govt also offering further tax breaks for R&D investments By WINSTON CHAI THE government is offering higher tax incentives to encourage more companies to use Singapore as their base for bringing ideas from concept to reality. Under the heightened R&D push, local authorities planFILE PHOTO - 520 words
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820 2010-02-23 8 CHEN HUIFEN - $400m set aside for schemes to help firms develop talent, boost capabilities By CHEN HUIFEN IN a bid to develop more home-grown globally competitive companies (GCCs), the government will pump almost $400 million into programmes to help local firms boost their capabilities, internationalise820 words
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Article213 2010-02-23 8 OH BOON PING - By OH BOON PING CHEERS to the government! Yesterday, Finance Minister Tharman Shanmugaratnam said that travellers will be given the flexibility to purchase an additional litre of duty-free wine or beer in lieu of one litre of duty-free spirits. “So, travellers who prefer wine or beer to213 words
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Article, Illustration581 2010-02-23 8 LEE U-WEN - From Productivity and Innovation Credit to cash grant By LEE U-WEN CUSTOMERS at Japanese restaurant Ebisboshi Shotengai don’t have a waiter to tend to them and take their orders when they dine there. Instead, they make use of a stylus pen provided toFILE PHOTO - 581 words
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Article, Illustration426 2010-02-23 8 SAMUEL EE - By SAMUEL EE THE Green Vehicle Rebate scheme will be extended to imported used green vehicles, thus allowing used pet-rol-electric hybrids to enjoy the same lower registration taxes as new hybrids. Finance Minister Tharman Shanmugaratnam said in his Budget Speech 2010 yesterdayBLOOMBERG - 426 words
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Page 7 Advertisements
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Advertisement1763 2010-02-23 7 More business friendly Some key changes to government schemes Tax deduction for angel investors CURRENT: NIL NEW: A new incentive to encourage eligible individuals who are able and willing to invest in start-ups and help them grow (eg through their management expertise, business networks etc). This new incentive will be1,763 words
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BUDGET 2010: TAXES
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1046 2010-02-23 9 MICHELLE QUAH - Wives can now claim spouse relief, dependant-related reliefs up all round By MICHELLE QUAH THIS year’s Budget gave greater recognition to taxpayers who have to support their family members, especially handicapped and disabled ones. Tax reliefs have been extended to wives who have to1,046 words
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1118 2010-02-23 9 OWI KEK HEAN - Focus on innovation and move to help local enterprises compete and grow on the world stage are especially noteworthy COMMENTARY By OWI KEK HEAN The writer is executive director and head of tax services at KPMG in Singapore. The views expressed are his1,118 words
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Page 9 Advertisements
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Advertisement248 2010-02-23 9 GENTING SI NGAPORE USD 1,170,000,000 Rights Issue Joint Lead Underwriter November 2009 SGD 2,350,000,000 Refinancing of bridge loan for acquisition of Senoko Power Mandated Lead Arranger 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 Delivering for248 words
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BUDGET 2010: BIG PICTURE
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Article, Illustration1219 2010-02-23 10 OH BOON PING - Amount manageable due to sufficient current reserves, says Tharman By OH BOON PING THE Singapore government expects to incur an overall Budget deficit of around $3 billion for the financial year 2010 up slightly from the $2.9 billion for last year. Delivering theBLOOMBERG - 1,219 words
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925 2010-02-23 10 P K BASU - This year’s Budget provides the roadmap to ensure that the gains that are inevitable in 2010-12 are sustained through the rest of the decade COMMENTARY By P K BASU The author is managing director chief economist (Asia ex-Japan) at Daiwa Capital Markets Singapore Ltd. These are his925 words
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COMPANY NEWS
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749 2010-02-23 11 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY AROUND this time every year, stock market investors ponder the potential impact of the government’s Budget on equity prices. Some speculate on the possibility of a preor post-Budget rally and might attempt to position themselves strategically to capitalise749 words
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Article, Illustration665 2010-02-23 11 VINCENT WEE - Full-year earnings soar 62.8% to $700m; Q4 net leaps more than four-fold By VINCENT WEE SEMBCORP Marine managed to ride through last year’s downturn to post a record high net profit of $700.1 million, a 62.8 per cent rise over $429.9 million in FY’08 as higherBLOOMBERG FILE PHOTO - 665 words
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303 2010-02-23 11 CHEW XIANG - It is the first part of a $1 b medium-term note programme By CHEW XIANG SINGAPORE Press Holdings (SPH) will issue $300 million of fixed-rate notes due in 2015 and has mandated OCBC Bank as dealer. The issue, announced yesterday, is the first part303 words
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374 2010-02-23 11 VEN SREENIVASAN - By VEN SREENIVASAN ST ENGINEERING yesterday announced that its aerospace arm, ST Aerospace, had been awarded two maintenance contracts for six years by the Republic of Singapore Air Force (RSAF) for a total of $363 million. No details were provided, and company374 words
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358 2010-02-23 13 NISHA RAMCHANDANI - Full-year profit dives to $110m; group expects freight rates to remain volatile By NISHA RAMCHANDANI COSCO Corporation’s net profit tumbled 64 per cent to $110 million for the full year ended Dec 31, 2009, as operating costs swelled and core operations weakened. Group turnover358 words
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Article269 2010-02-23 13 Full year ended Dec 2009 NET PROFIT TURNOVER CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG (S$m) (S$m) 1 Sembcorp Marine 700.12 429.92 62.8 5,724.74 5,063.95 13.0 2 Cosco Corp 110.08 302.59 -63.6 2,899.00 3,476.01 -16.6 3 ChinaGaoxian 84.28 80.43 4.8 373.35 377.03 -1.0 4 ARA 48.34 36.73 31.6269 words
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Article, Illustration382 2010-02-23 13 JAMIE LEE - By JAMIE LEE THE proof is in the puff Old Chang Kee has reported a 92.4 per cent jump in net profit for the full year on firmer gross profit. The curry puff maker’s net profit for the 12 months ended Dec 31, 2009 stoodFILE PHOTO - 382 words
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361 2010-02-23 13 JOYCE HOOI - By JOYCE HOOI THANKS to a sharp drop in fair-value losses, Hotel Properties Ltd reported a 7.2 per cent rise in full-year net profit despite a 27.6 per cent dive in revenue. For the year ended Dec 31, 2009, net profit attributable to shareholders361 words
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480 2010-02-23 13 EMILYN YAP - By EMILYN YAP ARA Asset Management posted improved fourth quarter earnings and proposed a cash dividend and a one-for-five bonus issue. The real estate fund manager, tied to Hong Kong tycoon Li Ka-shing’s Cheung Kong group, is also looking at raising around480 words
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259 2010-02-23 13 CHEW XIANG - By CHEW XIANG CHINA Milk Products Group yesterday said that it holds enough cash to repay some US$170 million in debt, 10 days after it admitted that it was in technical default due to “administrative and procedural” delays in repayment. The259 words
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Page 11 Advertisements
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Advertisement474 2010-02-23 11 U-'wl $10 Million Hong Bao Draw Fri, 26 Feb 2010, 9.30pm S 1 s 10m Tickets on sale at all outlets today. p Always play with care. responsibly! Do not bet illegally. Towards Community Purpose and Benefit RCB Reg No.: *****0202G SINGAPORE m NEW TO HOTELCLUB? Become a member and474 words
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SINGAPORE MARKETS
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Article, Illustration606 2010-02-23 12 R SIVANITHY - STI ends flat after govt announces fresh set of anti-speculative property measures over weekend STOCKS R SIVANITHY Senior Correspondent PRESSURE on property developers was one of the main features of trading yesterday after the government announced a fresh set of anti-speculative measures over the weekend. TheSource: Bloomberg - 606 words
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Article66 2010-02-23 12 Feb 22 VALUE CLOSE BT OB/OS -178.00 +217.0 BT CADI -*****.00 +79.0 BT 10-day MA -*****.00 -18.00 FTSE ST Mid Cap 663.35 +2.34 FTSE ST Small Cap 520.45 +1.08 FTSE ST All Share 679.98 +0.51 FTSE ST China Top 269.07 +1.06 FTSE ST China 286.09 +0.04 FTSE66 words
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Article186 2010-02-23 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 4 4 0 0 0 7 4 4 Manufacturing 52 41 72 7 8 8 59 49 80 Commerce 19 15 24 3 2 5 22 17 29 Tpt/Stor/Comms 27 7 8186 words
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BROKERS’ TAKE
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Article, Illustration412 2010-02-23 12 LYNETTE KHOO - Compiled by LYNETTE KHOO Feb 22 close: $0.97 CITI INVESTMENT RESEARCH, Feb 21 GENTING Singapore reported a FY2009 net loss of $277.6 million versus a net loss in 2008 of $124.8 million and the street’s expectation of $210 million. This weaker than expected result was driven by higherSource: Bloomberg - 412 words
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Article, Illustration218 2010-02-23 12 KEN TAI - CHART POINT By KEN TAI Senior Technical Strategist KELIVE RESEARCH (Part of the Kim Eng Group) DESPITE yesterday’s strength in regional markets, we have reasons to stick to our cautious view. First, the Dow Jones Industrial Average has fallen below its short-term trendline on Jan 22,Source: Bloomberg - 218 words
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Article119 2010-02-23 12 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,605 15,605 53,812 53,812 Manufacturing 260,588 7,766 268,354 144,035 302 144,337 Commerce 74,609 18,868 93,477 105,145 4,316 109,461 Tpt/Stor/Comms 83,827 1,400 85,227 147,062 147 147,209 Finance 24,616 24,616 147,778 147,778 Construction 23,818 6,387 30,205 7,647119 words
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Article111 2010-02-23 12 Stock name Close Change Stock name Close Change CapitaLand 3.760 -0.140 CapitaMall 1.780 -0.020 CityDev 10.300 -0.520 ComfortDelGro 1.550 Cosco Corp 1.280 +0.010 DBS Grp 14.040 -0.060 F&N 4.090 +0.100 Genting SP 0.970 +0.030 Golden Agri 0.550 +0.005 HK Land 4.650 JMH 29.800 -0.400 JSH 17.060111 words
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Article, Illustration551 2010-02-23 12 CURRENCIES Reuters [LONDON] The US dollar slipped yesterday due to a slight improvement in risk appetite after US stocks eked out gains on the view that the financial system had improved enough for the Federal Reserve to increase its discount rate. TheReuters; BLOOMBERG - 551 words
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Article55 2010-02-23 12 VOLUME Genting SP 168,701,000 Eastgate Tech 67,668,000 Golden Agri 49,540,000 CapitaLand 28,724,000 RafflesEdu 28,573,000 NOL 21,503,000 SwingMedia 19,028,000 Healthway 18,866,000 FrasersComm 17,161,000 Noble Grp 16,737,000 VALUE($) Genting SP 162,282,382 CapitaLand 108,851,520 CityDev 85,247,440 DBS Grp 59,029,780 Noble Grp 50,628,504 SingTel 37,373,995 NOL 37,250,130 OCBC Bk 31,711,810 UOB55 words
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Article114 2010-02-23 12 BY CENTS CLOSE UP DBXT DJE50 10US$ 4008 180.1 3.3 GLD 10US$ ***** 171.7 1.1 DBXT FTChina25 10US$ 2802 76.0 2.0 OCC 3.93% NCPS10 8600 60.0 0.7 Lyxor China H 10US$ 1486 50.7 2.5 DBXT Nifty 10US$ ***** 47.9 0.3 Jardine C&C 2400 38.0 1.6 Lyxor Europe 10 US$114 words
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Article123 2010-02-23 12 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 5391 -91.5 -1.2 JMH 2980 -56.3 -1.3 CityDev 1030 -52.0 -4.8 Lyxor India Nifty 10 1500 -50.0 -3.2 OCBC Bk 5.1%NCPS 100 ***** -20.0 -0.2 CapitaLand 376 -14.0 -3.6 Wing Tai 168 -9.0 -5.1 Tianjin Zhong 105 -7.0 -4.5 Keppel Land123 words
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Article87 2010-02-23 12 Where S$ stands Feb 22 CHNG YR 2010 CLOSE FR Feb 19 S$ LOW S$ HIGH US$ 1.4092 0.42 1.4219 1.3869 Euro 1.9185 -0.45 2.0153 1.9098 Pounds 2.1813 -0.08 2.2776 2.1795 A$ 1.2674 -0.35 1.2923 1.2276 Yen* 1.5394 0.11 1.5897 1.5027 Rupiah* 0.***** -0.07 0.***** 0.***** Baht* 4.2574 0.1687 words
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Page 13 Advertisements
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Advertisement77 2010-02-23 13 1 Fantasy Waterbeds Pte Ltd Where Sleep Matters. No Pain, More Sleep Gained. With perfect lumbar, neck and back support, you can finally experience complete holistic sleep and all the benefits that come with it. *Visit our Fantasy Sleep Centre for your ultimate sleep solutions. Waterbeds Latex Memory Foam Spring77 words
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Advertisement169 2010-02-23 13 NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School NANYANG PROGRAMME Transforming the Next Generation of Asian Leaders The Nanyang Fellows Programme is the flag-ship one-year full-time MBA programme of the Nanyang Business School since 1998. The Nanyang MBA is ranked world's top 24 by The Financial Times in January 2009. iness Bus)169 words
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SINGAPORE NEWS
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Article, Illustration427 2010-02-23 14 RONNIE LIM - Langsat Terminal inaugurates first phase of RM500m tankage project By RONNIE LIM WITH continuing strong demand and limited supply of oil storage in Singapore, a newly-opened Johor oil storage terminal yesterday announced further expansion plans to try to capture terminalling business from Singapore-basedFILE PHOTO - 427 words
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407 2010-02-23 14 LEE U-WEN - By LEE U-WEN THE second update of the voter rolls in Singapore has been completed and the lists are open for public inspection from today to March 8. This is according to a notice published yesterday in the electronic version of the Government407 words
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SINGAPORE ROUNDUP
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48 2010-02-23 14 THE International Furniture Fair Singapore 2010/27th Asean Furniture Show will be held at the Singapore Expo from March 9 to March 12. The show will take up 60,000 sq m at halls 3 to 8 with more than 15,000 visitors expected.48 words
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52 2010-02-23 14 RIVER Hongbao 2010 closed on Saturday after seeing more than 790,000 visitors over the course of the nine-day event. The turnout was more than double organisers’ expectations and included 7,000 visitors from different constituencies and about 2,000 residents having their traditional lo hei dinners52 words
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83 2010-02-23 14 BARCLAYS Bank has become the title sponsor of Habitat for Humanity’s “Bare Your Sole” five-km barefoot charity walk which seeks to highlight the plight of people in the region living in poverty without any footwear. The Habitat-Barclays Bare Your Sole 2010 event will83 words
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52 2010-02-23 14 STANDARD Chartered Bank yesterday announced the launch of custody and clearing services in Oman and Bahrain. With this expansion, the bank’s coverage of the Middle East now extends to five markets and reinforces its commitment to the region and the expansion of its securities services52 words
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Page 14 Advertisements
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Advertisement114 2010-02-23 14 MALCOLM GLADWELL MARC ECKO PICO IYER STEFAN SAGMEISTER A NEVER-BEFORE CHANCE TO CATCH THE BIGGEST CHANGE AGENTS. AT A NEVER-AGAIN PRICE. BUSINESS EVANGELISM 2010: MARKETING IN THE NEXT DECADE. Gain rare insights into the challenging youth market today, where it's headed tomorrow, and how to keep up. Specially discounted tickets114 words
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Advertisement431 2010-02-23 14 Z-- *>V*FZ< MM x>. 1 >• .<& '-S? -V" Preparing for an upturn in an uncertain world PricewaterhouseCoopers Budget Seminar Minister for Finance Mr Tharman Shanmugaratnam has delivered the Singapore Budget speech on 22 February 2010. How will the latest Budget measures impact your business in these uncertain times? Find431 words
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SME Inc
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Article, Illustration1070 2010-02-23 15 TIMOTHY SEOW - Goodrich targets retail customers for its wallcoverings in a bigger way now with a store in Plaza Singapura, reports TIMOTHY SEOW TIMOTHY SEOW IF YOU were impressed by the wallcoverings at the newly opened Resorts World Sentosa (RWS), it is now much easierARTHUR LEE - 1,070 words
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445 2010-02-23 15 TEH HOOI LING - By TEH HOOI LING THE year started strongly for the equities market, before fears of excessive tightening in China and sovereign defaults by fringe European Union countries caused risk aversion to spike. Stocks slumped more than 8 per cent from the year’s peak as a445 words
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Article, Illustration522 2010-02-23 15 OLIVIA HO - By OLIVIA HO LOCAL kindergarten group White Lodge is expanding overseas, with branches planned in Vietnam and India. The company, which has five outlets here and is considering two more, expects to complete its first centre in Hanoi by the third quarter of thisFILE PHOTO - 522 words
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Article1269 2010-02-23 16 THIS WEEK’S TOPIC How did your company celebrate the arrival of the Year of the Golden Tiger with the staff? What are the things your company did not skimp on during the festivities? Angie Tang Chief Executive Officer Director Franklin Offshore Holdings Pte Ltd CHINESE1,269 words
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Page 16 Advertisements
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Advertisement2632 2010-02-23 16 MATS BUY IT-SELL IT-FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg m BH GLOBAL MARINE LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****4900H) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Boardroom, 8 Penjuru2,632 words
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Advertisement114 2010-02-23 16 Voices The topic for next week’s SME Voices Column is: WHAT do you think of the Budget initiatives to reduce the cost of mergers and acquisitions? Do you think such moves will encourage SMEs like yours to consider M&As for growth? Are the incentives useful? What more can be done114 words
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EMERGING ENTERPRISE
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Article, Illustration734 2010-02-23 17 JAMIE LEE - During the recent economic crisis, OCBC took the bold step of offering unsecured loans to small firms with a track record of just one year, reports JAMIE LEE JAMIE LEE WHEN businesses were reeling from the economic crisis last year, OCBC Bank made a surprising734 words
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1027 2010-02-23 17 DANNY LAI - By DANNY LAI The writer is country business manager of Acorn Marketing and Research Consultants in Singapore. His company is the largest independent Asian research network with offices in nine countries around the region, managing research in more than 30 countries around the1,027 words
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Page 17 Advertisements
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Advertisement170 2010-02-23 17 '2010 Emerge as this year's top business player The Emerging Enterprise Award returns to recognise Singapore's most enterprising SMEs. This year, up to three SMEs will each receive up to S$390,000 in cash*, grants and professional services. To put your business in the winning league, sign up now at www.asiaone.com/EE2010,170 words
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ECONOMY WATCH
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Article647 2010-02-23 18 ANTHONY ROWLEY - Issue to tap wealthy investors to finance solutions to looming Asia-Pac water crisis By ANTHONY ROWLEY THE Asian Development Bank and Daiwa Securities Group plan to issue “water bonds” in Japan designed to lure wealthy but conservative institutional and individual investors into helping finance647 words
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541 2010-02-23 18 Bloomberg [BANGKOK] Thailand’s economy emerged from a year-long recession last quarter on increased exports and government spending, adding pressure on the central bank to start withdrawing monetary stimulus. Gross domestic product (GDP) rose 5.8 per cent in the three months endedBloomberg - 541 words
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Article, Illustration557 2010-02-23 18 But he has tough job ahead in reforming recovering economy Reuters [BANGKOK] At 1.93 metres in height, Thailand’s finance minister often stands above the crowd. That’s even more the case after winning “Global Finance Minister of the Year” honours from The Financial Times’Reuters; REUTERS - 557 words
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357 2010-02-23 18 Reuters [WASHINGTON] Five former US Treasury secretaries urged Congress on Sunday to bar banks that receive federal support from engaging in speculative activity unrelated to basic bank services. “The principle can be simply stated,” the five said in a letter to The Wall StreetReuters - 357 words
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435 2010-02-23 18 Reuters [SEOUL] South Korea’s pension fund, National Pension Service (NPS) expects to change its rules so that from next month, it can buy into major domestic initial public offering (IPO) shares, including Korea Life Insurance. NPS chairman Jun KwangReuters - 435 words
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Page 18 Advertisements
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Advertisement1327 2010-02-23 18 adv IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LI FUNG RETAILING (SINGAPORE) PTE. LTD. (In Members' Voluntary Liquidation) CO. REG. NO. *****5418G Extract of the Minutes of an Extraordinary General Meeting of LI FUNG RETAILING (SINGAPORE) PTE. LTD. signed by the Representative of1,327 words
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MALAYSIA/INDONESIA
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Article, Illustration444 2010-02-23 19 Any rate hike will be to achieve ‘normalisation’, not tightening, she says Bloomberg Reuters [KUALA LUMPUR] Malaysia is on the path to recovery and any increase in interest rates should be viewed as “normalisation” and not “tightening”, the country’s central bank governor said yesterday.Bloomberg; Reuters; BLOOMBERG - 444 words
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507 2010-02-23 19 Reuters [KUALA LUMPUR] Malaysia may see weak palm oil production growth for a second straight year and miss government output target as yields suffer due to the current hot weather, estate owners said on Monday. Hotter-than-usual weather, due to the resurgent ElReuters - 507 words
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Article, Illustration365 2010-02-23 19 Reuters [JAKARTA] A proposal by Indonesia to limit foreign investors’ participation in certain share issues could scare off overseas investment, some analysts and fund managers said. Hatta Rajasa, coordinating economic minister, on Friday told reporters that the government is discussing with Bapepam,Reuters; BLOOMBERG - 365 words
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Article, Illustration739 2010-02-23 19 Lack of regular data, competing contracts point to big struggle Reuters [JAKARTA] A planned new palm oil futures contract in Indonesia, the world’s largest producer of the commodity, faces an uphill struggle against an established Malaysian rival and the imminent launch of a US competitor.Reuters; REUTERS - 739 words
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Page 19 Advertisements
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Advertisement828 2010-02-23 19 CHEMOIL CHEMOIL ENERGY LIMITED (Company Registration No. *****1) (Incorporated in Hong Kong S.A.R.) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Chemoil Energy Limited (the "Company") will be held at Marina Mandarin Hotel, Libra/Gemini Room, Level 1, 6 Raffles Boulevard, Marina Square, Singapore828 words
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GREATER CHINA/INDIA
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Article, Illustration551 2010-02-23 20 Govt will protect the poor from impact of food inflation: President Patil Reuters [NEWDELHI] India’s economy will accelerate in the coming years as it recovers from the global downturn and the government will act to protect the poor from the impact of foodReuters; AFP - 551 words
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Article, Illustration713 2010-02-23 20 Bloomberg [SINGAPORE] Ta Chong Bank Ltd, the Taiwan lender controlled by Carlyle Group LP, will woo retail customers with a “McDonald’s strategy” and boost profit fivefold by 2012 to attract potential buyers, president Edmund Koh said. The bank, with 69 branches andBloomberg; BLOOMBERG - 713 words
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336 2010-02-23 20 Bloomberg [NEW YORK] Reliance Industries Ltd, owner of the world’s largest oil-refining complex, raised its offer for bankrupt LyondellBasell Industries AF to about US$14.5 billion, according to two people with knowledge of the offer. The revised bid allows Lyondell creditors to opt for cash orBloomberg - 336 words
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483 2010-02-23 20 Reuters [TAIPEI] Taiwan’s economic growth accelerated in the fourth quarter, beating expectations on a boost from strong Chinese demand for high-tech products, though the strength is unlikely to alter the monetary policy outlook. Annualised adjusted gross domestic product grew by 18.02 per centReuters - 483 words
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Article363 2010-02-23 20 Spike in inquiries for enrolment in courses on computer science AFP [BEIJING] A Chinese school accused last week of links to cyberattacks on Google that have strained Sino-US ties has since received a flood of calls from students interested in attending. The New YorkAFP - 363 words
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153 2010-02-23 20 Reuters [MUMBAI] Indian state-run miner NMDC Ltd is set to buy 50 per cent of Ferrous Resources Ltd’s Brazilian operations for US$2.5 billion, the Economic Times newspaper said yesterday. Under the proposed deal, the Ferrous group will issue fresh shares to NMDC over the nextReuters - 153 words
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Page 20 Advertisements
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Advertisement5 2010-02-23 20 1 musk siisi ***** www.i"aclio9l3.com5 words
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ASIA-PACIFIC/WORLD
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Article841 2010-02-23 21 New plan includes raising fees on drugmakers, scaling back levy on benefits Bloomberg [WASHINGTON] US President Barack Obama proposed the first Medicare tax on unearned income, while raising fees on drugmakers and scaling back a levy on high-end benefits as part of a new planBloomberg - 841 words
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577 2010-02-23 21 Reuters [TOKYO] Dai-ichi Mutual Life Insurance will sell about 1.07 trillion yen (S$16.49 billion) worth of shares, the company said on Sunday. Dai-ichi Life, the country’s second-largest life insurer, wants to expand overseas to offset its shrinking life insurance business asReuters - 577 words
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Article, Illustration538 2010-02-23 21 It pledges to meet deficit cuts, says markets overreact Reuters Bloomberg [ATHENS] Greece is prepared to take extra fiscal measures to make sure it meets its deficit-cutting targets, the country’s central banker said yesterday. He said financial markets were over-reacting to itsReuters; Bloomberg; AFP - 538 words
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364 2010-02-23 21 AP [TOKYO] Japan’s prime minister is on thinning ice with voters, who expressed growing discontent in a new poll and rejected the ruling party’s candidate in a key local election at the weekend. Public support for Yukio Hatoyama’s Cabinet has tumbled to 37 perAP - 364 words
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377 2010-02-23 21 Reuters AP [TOKYO/WASHINGTON] A Toyota Motor internal document has raised new questions about whether it stalled on a US regulatory response to red flags about its vehicle safety. A 2009 document turned over to lawmakers shows Toyota’s Washington DC staff trumpeting savings of moreReuters; AP - 377 words
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Page 21 Advertisements
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Advertisement38 2010-02-23 21 -8- <#. Lianhe Zaobao Hainan's bank deposits grew at top speed in January due to large capital i\/ itr influx into its property market Jl /;n A «s If ii 43 is fr For Subscription, call 6388 3838 www.sphsubscription.com.sg38 words
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Advertisement499 2010-02-23 21 MATS NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF E20 COMMUNICATIONS PTE LTD (In Members' Voluntary Liquidation) Reg. No. *****5420W NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of499 words
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WORLD
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522 2010-02-23 22 Purchase will help Schlumberger diversify its product offerings AP [NEW YORK] Schlumberger Ltd, the world’s biggest oilfield services company, has agreed to buy fellow industry player Smith International Inc for about US$11 billion in stock. The purchase will help Schlumberger diversifyAP - 522 words
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Article, Illustration751 2010-02-23 22 Brits Colin Firth and Carey Mulligan clinch best actor, actress trophies Bloomberg [LONDON] The Hurt Locker was the big winner of this year’s British Academy Film Awards, or Baftas, as director Kathryn Bigelow repeatedly defeated her ex-husband James Cameron, maker of Avatar. Bigelow’sBloomberg; PHOTOS: REUTERS, AP, AFP - 751 words
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516 2010-02-23 22 Business pick-up threatens to revive industry inflation Bloomberg [LONDON] BP plc and Royal Dutch Shell plc may falter in their campaigns to save billions in oil and gas project costs as a resurgence in drilling and demand for engineers threaten toBloomberg - 516 words
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192 2010-02-23 22 Bloomberg [NEW YORK] Lehman Brothers Holdings, the investment bank liquidating in bankruptcy, paid its lawyers and other advisers US$641.9 million in 16 months since September 2008, according to a regulatory filing. The restructuring firm Alvarez Marsal LLC, which provided Lehman with its current chief executiveBloomberg - 192 words
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Article, Illustration420 2010-02-23 22 Reuters [LONDON] Stephen Hester, chief executive of Royal Bank of Scotland, will forgo his 2009 bonus, sources said on Sunday, as the rescued bank hammers out a pay deal for staff with the British government. The decision by Mr Hester whoReuters - 420 words
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Page 22 Advertisements
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Advertisement50 2010-02-23 22 setravellers.G^m O the ultimate travel resource SPH's all-new, one-stop, 24/7 travel resource website, "Live"from 12pm, Feb 25,2010 Stories pictures from annual Straits Times travel supplements (including all bumper NATAS issues), plus news on special campaigns, contests reader promotions in the local travel industry. L_ i T/~v V i J 150 words
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AVIATION
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421 2010-02-23 23 AP Bloomberg [FRANKFURT] Deutsche Lufthansa AG, Europe’s second-largest airline, scrapped 67 per cent of its services yesterday as pilots start a four-day strike over work assignments. Lufthansa and regional divisions are dropping 1,200 flights of the 1,800 services scheduled daily during the strike, said StefanieAP; Bloomberg - 421 words
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Article2879 2010-02-23 23 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1240 SQ458 1415 Adelaide LH9771 1740 LH9770 2350 SQ268 1740 SQ269 2350 VS7268 1740 VS7269 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 QF81 1830 Ahmedabad NH6292 1900 SQ530 1900 Amsterdam LO4031 0610 AZ3993 0125 SQ323 06102,879 words
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Article, Illustration501 2010-02-23 23 PAULINE NG - Full-year operating loss amounts to RM628m without gains from fuel bets By PAULINE NG MALAYSIA Airlines has posted a slight operating profit of RM4 million in the fourth quarter to end December owing to a reduction in capacity, the resultAFP - 501 words
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271 2010-02-23 23 Reuters [BAHRAIN] Bahrain’s national carrier Gulf Air will combine its first class and business class, starting on March 1, its chief executive said on Sunday, as the loss-making airline looks to reduce costs. “We decided to move to one super business classReuters - 271 words
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280 2010-02-23 23 AFP [NEW DELHI] Two British planespotters detained in New Delhi last week have been charged with illegally intercepting communications between pilots and airport authorities, police said yesterday. Stephen Hampston, 46, and Steven Martin, 55, were held last Monday at a hotel near the internationalAFP - 280 words
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Page 23 Miscellaneous
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Miscellaneous319 2010-02-23 23 CRYPTIC CROSSWORD Across 7 Attitude required to look after group (7) 8 Taxing individual with sour disposition (7) 10 Paper’s cue for circulation in capital (5,4) 11 Sources of rum in Oman? Just any wine! (5) 12 Oliver Thomas is tough (5) 13 List covering ethnicity can be found (9)319 words
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Page 24 Advertisements
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Advertisement2169 2010-02-23 24 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 HAI YU2,169 words
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Advertisement543 2010-02-23 24 WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com TO NORTH AND LATIN AMERICA ‘‘CAR RORO HEAVYLIFT SERVICE’’ VESSEL VOY RAMP HEIGHT SIN TIW LBC MAO SAV BAL NEN TARAGO FF004 320 Tons 6.40M 28/02 29/03 06/04 11/04 18/04 17/04 TAMESIS FF005 320 Tons 6.40M 12/03 10/04 13/04 21/04 26/04 02/05 30/04 OTELLO FF006543 words
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THE BUSINESS TIMES SHIPPING TIMES
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479 2010-02-23 25 Its charterers account for 30% of VLCC spot fixture activity in 2010 Bloomberg [SINGAPORE] China, the world’s second-largest energy consumer, may lead an increase in demand for tankers as its energy needs rise, Poten Partners said in a report. The country’s importsBloomberg - 479 words
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Article, Illustration400 2010-02-23 25 Bloomberg [NEW YORK] The US says that it wants to find cheaper options to battle pirates off the coast of Somalia, as an international naval force has pushed the seaborne brigands from the one million square miles of the Gulf of Aden into an area twiceBloomberg; AFP - 400 words
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367 2010-02-23 25 AFP [DHAKA] Bangladesh’s ship-breaking yards in Chittagong, the country’s second-largest city, ground to a halt yesterday as some 30,000 workers protested against a government decree aimed at improving environmental standards in the industry, police said. Under a government order issued in late January, ships headingAFP - 367 words
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143 2010-02-23 25 Bloomberg [LONDON] The London Metal Exchange (LME), the world’s largest market for aluminium and copper, has proposed forming a joint venture with the Baltic Exchange to take trading of freight derivatives onto a new exchange. The Baltic Exchange and its members are “invitedBloomberg - 143 words
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Article281 2010-02-23 25 SGX '000 Feb 22 S$ +/-Vol CH Offshore 0.65 -0.01 211 Chuan Hup Hldgs unch unch 0 Cosco Corp 1.28 0.01 5942 CWT Ltd 0.89 unch 723 Ezra Hldgs 2.26 0.01 2729 First Ship Lease 0.59 0.01 267 Freight Links 0.04 -0.01 267 Grand Banks unch unch 0281 words
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Page 25 Advertisements
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Advertisement585 2010-02-23 25 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 JED585 words
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Advertisement347 2010-02-23 25 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 CORAL HERO 101 50 80 28/02 03/03 PACIFIC LOHAS 24 60 08/03 10/03 13/03 JUTTHA PATTHAMA 2 09/03 12/03 POSITIVE STAR 49 100 09/03 12/03 13/03 15/03347 words
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Advertisement424 2010-02-23 25 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 21/02424 words
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EDITORIAL & OPINION
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496 2010-02-23 26 EDITORIAL IN a move that took some people by surprise, the government last Friday unveiled two measures designed to cool speculation in the property market. But the imposition of a seller’s stamp duty on sale of properties sold within a year after purchase496 words
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Article, Illustration789 2010-02-23 26 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group IT would be possible in other circumstances to disregard the ongoing story of Greece and its debts as a tedious tale of financial markets. But there’s much more to it thanThe Washington Post Writers Group - 789 words
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Article, Illustration933 2010-02-23 26 WILLIAM PESEK JR - Deflation, lopsided demographics, and threat of cuts in credit ratings are serious concerns WILLIAM PESEK JR The writer is a Bloomberg News columnist. The opinions expressed are his own THE search for the next Greece is finding its way to an unlikely place: Japan.REUTERS - 933 words
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Article, Illustration3018 2010-02-23 27 The key goal is to grow the Republic’s productivity by 2-3% per year over the next decade more than double the 1% achieved over the last decade BUDGET 2010 EXCERPTS These are excerpts of the Budget speech delivered yesterday in Parliament by Finance MinisterBLOOMBERG - 3,018 words
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SINGAPORE STOCKS
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Article8803 2010-02-23 28 Transaction date: Feb 22 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 +0.5 100 17 17 16.5 17.5 1.7 10.6 5.5 81.4 10 2.5 58348,803 words
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Article1662 2010-02-23 29 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 4.5 6 5.3 25 12 8538 t APStrategic 15.5 +0.5 2 15.5 15.5 13 15.51,662 words
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Article9371 2010-02-23 29 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.18/ 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 0.68/ Aberdeen Asset Mgt Asia Limited American Opp 0.6462/ Asian Credit Fund 1.2167/ Asian9,371 words
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Article471 2010-02-23 29 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 $mil 111 107 6389 ABF SG Bond ETF 110.4 107.6 112 504 846 427 CIMBAsean40 100US$ US803 +5 13 807 803 801 806 32.1 298471 words
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Article260 2010-02-23 29 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 $mil 56 20 6000 AVJennings A48.5 +3.5 29 48.5 46 47.5 48.5 3.6 7.2 3.9 126.3 31 6 6017 Genting HK US$ US18.5 unch 3947260 words
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FINANCE & COMMODITIES
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365 2010-02-23 30 In local curr In S$ In US$ dy yr dy yr dy yr Feb 19 Index Change Change Change Change Change Change World Index Preliminary 820.8 0.1 -1.4 0.1 -2.2 -0.3 -2.9 EAFE Preliminary 764.1 0.0 -2.6 -0.6 -5.1 -1.0 -5.7 Europe Preliminary 1098.9 0.7365 words
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Article177 2010-02-23 30 Feb 22 $S Offer Bid Overnight 1/16 par 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 1/8 US$ 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 12177 words
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Article22 2010-02-23 30 Feb 22 S$ Bid Offer 1-month 1.4075 1.4089 2-months 1.4077 1.4091 3-months 1.4078 1.4093 6-months 1.4083 1.4098 Source: OCBC22 words
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Article184 2010-02-23 30 Feb 22 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 10 323.2 60 636 Apr 10 323.2 319.0 323.2 30 471 May 10 323.2 646 Jun 10 323.2 790 Jul 10 322.6 20 360 Aug 10 322.6 200184 words
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Article88 2010-02-23 30 Feb 22 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 27.05.2010 0.38 0.38 0.35 1-Year BY*****N 01.11.2010 0.40 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.24 5-Year N*****0N 1.375 01.10.2014 100.04 100.10 100.0988 words
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Article105 2010-02-23 30 Feb 19 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 10 945.00 948.00 948.50 931.75 May 10 954.50 957.50 958.00 941.00 Jul 10 962.00 965.25 965.50 949.00 Aug 10 958.50 961.50 961.00 951.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 10 38.52 38.70 38.74105 words
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Article77 2010-02-23 30 CRUDE OIL PRODUCTS Feb 19 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 77.87 0.50 WTI (Near Mth) 79.83 0.80 Dubai (1-Mth F) 75.61 0.91 Tapis blend 79.20 1.05 Minas 78.50 1.05 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 75.77 2.11 Jet Kerosene 83.95 1.35 US$/barrel Opec Oil77 words
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2392 2010-02-23 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3 1 15 16 5.17 51 2036 Advance SCT Ltd W*****9 0.5 1 87 1844 9.00 6 8756 Asiatic Grp (H) Ltd W*****2 13.5 unch 182,392 words
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Article132 2010-02-23 30 Feb 22 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2600 1.2980 Can dollar 1.3510 1.3660 Euro 1.9120 1.9330 NZ dollar 0.9810 1.0020 Sterling pound 2.1700 2.1940 US dollar 1.4020 1.4170 Local dollars to 100 units of foreign132 words
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Article29 2010-02-23 30 Feb 22 Open High Sett STI Feb 2772 2772 2757 SIMSCI Feb 329.5 334.0 329.6 Taiwan Feb 276 276.7 273.4 Source: MF Global (S) Pte. Ltd29 words
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Article66 2010-02-23 30 Feb 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 10 2637 2645 2645 2632 520 3446 Apr 10 2645 2674 2674 2629 2150 ***** May 10 2629 2631 2638 2621 6557 ***** Jun 10 2622 262366 words
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Article371 2010-02-23 30 Feb 22 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar10 99.7225 0 7971 Jun10 99.5950 0 7197 Sep10 99.3600 0 2835 Dec10 99.0200 0 2422 EUROYEN TIBOR FUTURES Mar10 99.5700 99.5700 99.5700 99.5700 1 4729 Jun10 99.5950 99.6000 99.5950 99.6250 0 1625 Sep10 99.6200 99.6200 99.6200371 words
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Article465 2010-02-23 30 Feb 22 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.936 6.150 0.661 6.995 41.552 83.716 0.825 10.334 3.062 1.283 76.582 41.601 1.268 6.875 0.968 28.856 29.855 0.582 0.901 Canada 1.069 6.572465 words
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Article85 2010-02-23 30 Feb 22 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-02-23 30 Feb 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2674 1.2691 0.9006 0.9009 Canadian dollar 1.3542 1.3563 0.9623 0.9628 Euro 1.9179 1.9203 1.3628 1.3632 NZ dollar 0.9875 0.9892 0.7017 0.7022 Sterling pound 2.1789 2.1817 1.5483 1.5487154 words
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Article141 2010-02-23 30 Feb 22 GOLD (US$/oz) Feb 19 Feb 22 Hong Kong 1110.00 1122.20 Feb 18 Feb 19 London 1120.50 1118.80 1120.85 1119.60 Source: Thomson Reuters CAST BAR Feb 22 (S$) Selling Buying Kilobar "54,710.17" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 123.05 51 5gm 347.75 255 10gm 621.67141 words
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Article69 2010-02-23 30 Feb 19 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2105.40 2080.50 3 months 2139.00 2114.00 Copper, Grade A (US$/tonne) Cash 7405.75 7238.25 3 months 7431.50 7265.00 Lead (US$/tonne) Cash 2336.75 2296.25 3 months 2359.00 2319.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0069 words
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Article77 2010-02-23 30 Feb 19 COCOA (£/tonne) Close Prev High/Low Mar 10 2263 2250 2265/2248 May 10 2281 2263 2283/2263 Jul 10 2265 2243 2265/2245 Sep 10 2239 2217 2238/2223 COFFEE (US$/tonne) Close Pev High/Low Mar 10 1269 1272 1274/1266 May 10 1303 1306 1308/1300 Jul 10 1338 1341 1342/1335 SUGAR (US77 words
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PROPERTY
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Article, Illustration415 2010-02-23 31 It upgrades S’porelisted Yanlord Land Group to ‘buy’ from ‘neutral’ [SINGAPORE] China’s property developers had their share-price estimates lowered by as much as 32 per cent at Goldman Sachs Group Inc, which cited increased uncertainty from government tightening measures. Goldman Sachs’ new target pricesAP - 415 words
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334 2010-02-23 31 AP [WASHINGTON] The number of American borrowers falling behind on their mortgage payments dropped sharply at the end of last year, a sign the foreclosure crisis is beginning to ebb. The Mortgage Bankers Association said on Friday that the percentage of borrowersAP - 334 words
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Article, Illustration722 2010-02-23 32 KALPANA RASHIWALA - This week’s preview of MCL condo could indicate if demand has been dented By KALPANA RASHIWALA ALL eyes in the property market are on MCL Land’s preview this week of its Yishun condo to see if demand has been dented by lastSource: Savills Research & Consultancy and URA Realis – Feb 22,2010 - 722 words
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Article, Illustration934 2010-02-23 32 Bloomberg [HONG KONG] Sun Hung Kai Properties Ltd, the world’s biggest developer by market value, won Hong Kong’s first land auction of the year with a bid that exceeded most analysts’ estimates after selling 900 homes over the weekendBloomberg; BLOOMBERG - 934 words
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212 2010-02-23 32 Bloomberg [KUALA LUMPUR] Mah Sing Group Bhd, a Malaysian developer, may gear up to build a RM1 billion (S$414.26 million) war chest for acquiring land to capitalise on an expected rebound in the Malaysian property market, group managing director Leong HoyBloomberg - 212 words
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319 2010-02-23 32 Reuters [DUBAI] Al Rajhi Capital, the investment arm of Saudi Arabia’s Al Rajhi Bank and Bahrain’s Arcapita Bank has launched a US$500 million Gulf property income fund to capitalise on falling prices, the firms said yesterday. The two companies will seed a joint investment ofReuters - 319 words
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391 2010-02-23 32 EMILYN YAP - By EMILYN YAP PRIME office rents continued to soften going into 2010 and could slip another 2-3 per cent this quarter, says Cushman Wakefield. In a mid-first quarter report, the property consultancy noted that monthly rents at Raffles Place Grade A buildings had391 words
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Page 31 Advertisements
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Advertisement258 2010-02-23 31 ■I [HfT Newsman Sole Marketing Agent 19,000sqft Spacious Road 11,000sqft Living Space Sumptuous Interiors with Luxury Bathrooms Private Pool and Pavilion Fully furnished with Designer's furniture 1 Car park spacious for 16 cars 1 Designed by award-winning firm K2LD 1 Modern accents reflected throughout 1 Large Professional Equipped Kitchen 1258 words
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Advertisement158 2010-02-23 31 COLLECTIVE SALE GOODWILL MANSION (No 355 Balestier Road) BALESTIER ROAD CENTRE [GOODWILL MANSION HO I EL Commercial Residential Zone Plot Ratio 3.0 Site Area: 856.7sqm Title: Freehold Approx. 7 mins drive to CBD 5 mins to Orchard Road Min. Reserve Price S$20M CLOSE OF TENDER 16™ March 2010 (Tues) at158 words
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