The Business Times, 26 January 2011

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Total Pages: 31
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, January 26,2011
    23 words
  • 782 1  -  Indonesia’s Selular in the bag, Spice may move HQ and list in S’pore By LYNN KAN MOBILE Internet and mobile handset distributor Spice i2i’s chairman wants to take on Silicon Valley with yet another new acquisition and a possible switch in listing
    782 words
  • 619 1  - Sing keeps climbing, chased by inflation Analysts expect MAS to let currency become even stronger to counter rising prices By EMILYN YAP [SINGAPORE] The Singapore dollar rose against the US dollar yesterday reaching a year-high during intraday trading as sharp inflation here in December fanned expectations of further monetary tightening
    Source: Bloomberg  -  619 words
  • 141 1 HST INDEX 3,181.15 (-4.61) HST INDEX FUTURES 3,181 (-4) HSIMSCI 376.58 (-0.74) HSIMSCI FUTURES 375.90 (-0.90) FOREX US$ S$ US$ (S$ per US$) 1.280 (US$/S$ per 1.596 2.043 EURO (US$/S$/E) 1.367 1.750 Foreign currency per US$ S$ YEN 82.40 64.40 RM 3.052 2.384 HK$ 7.792 6.086 BAHT 30.96
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  • Page 1 Advertisements
    • 32 1 PROPERTY CDL moves in on Tanglin Shopping Centre PAGE TransportHUB The days they used to SOS Keppel I SHIPPING, PAGE 21 Parallel imports plunge to 6-year low I LAND TRANSPORT, PAGE 23
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    • 135 1 CORPORATE RESULTS Keppel’s 2010 profit stays flat at $1.62b PAGE 2 Deutsche Bank db.com Bank of the Year 2010. We got to the top together with our clients. "The performance of the investment banking part of Deutsche, combined with equally sure-footed developments in areas such as retail and commercial banking
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    • 11 1 OPINION Nobody is going to keep your banking secrets PAGE 25
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    • 9 1 EXEC MONEY Currencies the next big thing PAGE 32
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  • TOP STORIES
    • 593 2  -  Full year net profit at $1.62b, 1-for-10 bonus issue is its first since 1997 By JOYCE HOOI [SINGAPORE] Keppel Corporation may have posted flat earnings for the full year but its proposed bonus share issue its first in over a decade did not go unnoticed.
      593 words
    • 448 2  -  Safety and customer service will always be its priorities By VEN SREENIVASAN [SINGAPORE] Despite increasing competition and cut-throat pricing in the industry, Singapore Airlines will remain true to its premium branding. This was emphasised in no uncertain terms by the
      448 words
    • 536 2 Sing keeps climbing, chased by inflation THE Singapore dollar rose against the US dollar yesterday reaching a year-high during intraday trading as sharp inflation here in December fanned expectations of further monetary tightening ahead. At 7pm yesterday, one US dollar fetched 1.2831 Sing dollars, slipping from a day
      536 words
    • 659 4  -  Global economy not out of the woods yet because of the two-speed recovery B y ANTHONY ROWLEY in Tokyo THE danger of stock market bubbles or debt crises occurring in some leading Asian and other emerging economies including those of India and China
      659 words
    • 594 4 Marine Point being sold en bloc for about $1,000 psf ppr [SINGAPORE] The tender for Tanglin Shopping Centre’s collective sale closed yesterday and is understood to have drawn at least one submission from City Developments Limited (CDL). The reserve price for the en
      FILE PHOTO  -  594 words
    • 780 4  -  By ANNA TEO [SINGAPORE] Asia has become fairly important to the growth of global firms, with more “Asia seats” on their boards and the region’s share of the revenue pie expected to be twice its current size within a
      780 words
    • 810 4  -  Patron claims $250k debt to MBS is unenforceable By GRACE LEONG [SINGAPORE] A dispute between Marina Bay Sands and the son of Chong Pang Nasi Lemak franchise’s owner over the legality of a $250,000 gambling debt has thrown up more questions
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  • Page 2 Advertisements
    • 411 2 KPMG Seminar Series KPMG Seminar Seriesudget 2011 Budget 2011 Date Monday, 28 February 2011 Time 9.00am to 1.00pm Venue Mandarin Orchard Singapore 333 Orchard Road Singapore *****7 Seminar Fees Client KPMG Alumni S$125 per participant Non-client S$150 per participant The fee is inclusive of 7% GST, seminar materials and refreshments.
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    • 386 2 KPMG Seminar Series KPMG Seminar SeriesTransfer Pricing Fundmentals and Recent Developments in Singapore SINGAPORE Date Tax authorities everywhere have been increasing their vigilance in transfer pricing. In the past few years, there have been stricter requirements and increased scrutiny on transfer pricing practices around the Asia Pacific region. Monday, 28
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  • Page 3 Advertisements
    • 204 3 www.vw.com.sg New Touareg. uu 4. m wm Touareg V/ Winner of the toughest race in the world, for the third year running. More than just a rally, the Dakar is the toughest endurance race in the world. Over 9,000 km crossing dunes, mud, camel grass, mountains and deserts. And this
      204 words

  • Page 4 Advertisements
    • 73 4 13- 15 April 2011 SUNTEC Singapore International Convention Exhibition Centre Hall 404 Opening Hours:13-14 April 2011 110am 5.30pm 15 April 2011 110am -3.30pm Digital advertising marketing Social media platforms e-Commerce, payments fulfilment Content management domain names Cloud computing hosting Mobile internet marketing How to register: 1 2 sit the^xpi Go
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  • Page 5 Advertisements
    • 138 5 WEARNES AUTOMOTIVE passion driven since 1906 ■V 1906 Charles and Theodore Wearne founded C.F.F. Wearne and Co. 2000 Wearnes acquires SM Motors and becomes the distributor for Volvo msM.ii 2006 RENAULT Wearnes becomes the distributor for Renault x BENTLEY 1931 BENTLEY m m Malayan Motors, a Wearnes division, becomes the
      138 words

  • COMPANY NEWS
    • 488 6  -  $22.3m distributable income for reporting period 13.6% higher than expected By TEH SHI NING MAPLETREE Industrial Trust’s first set of financial results since its listing on the Singapore Exchange have surpassed forecasts, its manager said yesterday. The Singapore real estate investment trust (Reit) achieved
      BLOOMBERG  -  488 words
    • 482 6  -  By VEN SREENIVASAN HIGHER operating costs, flat contribution from associates and start-up expenses have weighed down on SIA Engineering’s third-quarter earnings, which rose by a mere 7.7 per cent to $60.3 million. But topline revenue grew 11.6 per cent to $269.5 million
      482 words
    • COMPANY BRIEFS
      • 85 6 MUN Siong Engineering was fined $100,000 by the Ministry of Manpower (MOM) for failing to ensure the safety of three workers who died from injuries sustained in a fire at the ExxonMobil oil refinery on Jurong Island in 2007. It has settled the fine
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      • 33 6 YOUCAN Foods International said yesterday that it does not expect the financial results for its business operations for the full year ended Dec 31, 2010, to be profitable.
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      • 41 6 ELECTRONICS contract manufacturer Valuetronics said that its net profit for the third quarter ended December 2010 more than doubled to HK$31.6 million from HK$13.5 million a year earlier, due to stronger orders from its customers.
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      • 51 6 STRUCTURAL steel firm TTJ Holdings has secured jobs worth $12 million for a series of structural steel projects in Singapore since the start of the year. As a result, the group’s order books rose to $157 million, up from $145 million on Nov 29,
        51 words
      • 55 6 MAP Technology recorded a net profit of US$1.3 million for its fourth quarter ended Dec 31, 2010. This turnaround from a net loss of US$2.3 million in Q4 2009 came on the back of an 18.6 per cent increase in revenue to
        55 words
    • 353 7  -  Firm raises net proceeds of 18.9m from IPO shares at 25 cents each By CONRAD TAN XMH Holdings, a diesel engine distributor, has raised net proceeds $18.9 million through an initial public offering (IPO) of shares on the Singapore Exchange (SGX). The company’s total
      353 words
    • 147 7 Reuters [PARIS] Louis Dreyfus, one of the world’s top commodity firms, is looking at listing its commodity trading arm or a merger with rival Glencore among a choice of potential scenarios, Les Echos reported yesterday. The newspaper, without citing a source, said that Louis
      – Reuters  -  147 words
    • 439 7  -  Dealers noted that the Singapore stock had run up too fast ahead of the KDR listing, having hit an all-time high of $0.45 on Jan 10. By LYNETTE KHOO CHINA Gaoxian made a dismal debut in its Korean du-al-listing yesterday, with the sharp price
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    • 342 7  -  But it calls for guard against risk of rising rates By EMILYN YAP MOODY’S Investors Service expects real estate investment trusts in Singapore (S-Reits) to continue purchasing assets this year as interest rates stay low and funding remains available. But the credit rating
      342 words
    • 134 7 Reuters [SINGAPORE] The Singapore Exchange said it faced technical problems earlier yesterday but stock trading was able to start as scheduled. “We have established that all broking firms had trades done on SGX securities market in the first half hour when the market opened promptly
      – Reuters  -  134 words
    • 443 9  -  Income gets boost from higher occupancy and rental rates By FELDA CHAY FORTUNE Real Estate Investment Trust (Fortune Reit) saw its fourth-quarter payout rise 10.7 per cent year-on-year, helped by higher occupancy and rental rates. The Reit, which is listed both in Hong Kong
      443 words
    • 261 9 Reuters [SINGAPORE] Artradis Fund Management, once Singapore’s biggest hedge fund manager with about US$4.5 billion (S$5.8 billion), plans to wind down its operations and return money to investors after it lost money in the last two years, co-founder Stephen Diggle said
      – Reuters  -  261 words
    • 499 9  -  By LYNETTE KHOO ASIAN equities are expected to rise further this year, supported by the region’s economic growth and loose monetary conditions in the developed world. Joining the chorus of Asian bulls was Aberdeen Asset Management, which is “overweight” on Singapore, India and Hong
      499 words
    • 382 9  -  Rights issue dilutes payout from higher distributable income By FELDA CHAY AIMS AMP Capital Industrial Reit yesterday said that its distributable income for the third quarter surged 94.2 per cent year-on-year to $10.4 million, though its payout per unit fell largely
      382 words
  • Page 6 Advertisements
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      102 words
    • 11 6 CATS Recruit The first step on your ladder to success CLA/AUG06/g
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  • Page 7 Advertisements
    • 66 7 Exclusively At SINGAPORE KUALA LUMPUR JAKARTA BANGKOK PARAGON T: (65) 6333 6663 MARINA BAY SANDS T: (65) 6688 7777 STARHILL GALLERY T: (603)2141 3131 GALLERIA GRAND HYATT T: (6221 3983 88 1 O SIAM PARAGON T: (662) 61 O 9883 WWW.YAFRIRO.COM IN THE M A K I THE TONDA HEMISPHERES
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  • SINGAPORE MARKETS
    • 598 8  -  Just look at the way stocks here have sagged in the past week even as Wall Street has rallied STOCKS R SIVANITHY Senior Correspondent OUR Monday column discussed the increasing likelihood that for now, the “emerging markets” theme might be losing its shine and that
      Source: Bloomberg  -  598 words
    • 4 8 DAILY
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    • 64 8 Jan 25 VALUE CLOSE BT OB/OS -642.00-257.00 BT CADI -*****.00-179.00 BT 10-day MA -*****.00 -64.00 FTSE ST Mid Cap 809.89 -3.18 FTSE ST Small Cap 599.84 -7.01 FTSE ST All Share 791.29 -1.97 FTSE ST China Top 297.53 -3.16 FTSE ST China 322.29 -3.33 FTSE ST Catalist
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    • 57 8 VOLUME Genting SP 161,790,000 Jade Tech 115,460,000 ChinaGaoxian 110,844,000 Golden Agri 63,712,000 NexGenSCom 57,548,000 Noble Grp 35,721,000 LeaderEnv 24,573,000 RafflesEdu 23,253,000 Transcu Grp 23,092,000 Gallant 21,167,000 VALUE($) Genting SP 337,543,000 Noble Grp 77,804,470 Wilmar 67,925,710 DBS Grp 57,402,860 UOB 56,323,600 SingTel 53,617,860 OCBC Bk 50,819,435 Golden Agri
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 8 6 0 0 0 4 8 6 Manufacturing 25 95 69 0 13 12 25 108 81 Commerce 16 25 22 6 9 3 22 34 25 Tpt/Stor/Comms 10 23 9
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    • BROKERS’ TAKE
      • 410 8 Jan 25 close: $4.61 DBS Group Research, Jan 25 KEPPEL Land (KepLand) has reported a 273 per cent jump in net profit to $1.046 billion for FY2010, from $280.4 million in FY2009, despite a 14 per cent dip in revenue to $792 million, due to $789.7 million of
        410 words
      • 462 8  -  Compiled by CONRAD TAN Jan 25 close: $0.76 OCBC Investment Research, Jan 25 FIRST Reit’s Q4 2010 results were within expectations. Gross revenue declined 0.2 per cent y-o-y but increased 0.2 per cent q-o-q to $7.65 million; net property income decreased 0.3 per cent y-o-y but increased 0.5
        462 words
      • 135 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
        135 words
    • 121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 36,612 36,612 64,038 64,038 Manufacturing 483,355 164,332 647,687 327,710 3,584 331,295 Commerce 157,139 28,059 185,198 137,135 3,011 140,146 Tpt/Stor/Comms 92,395 1,935 94,330 163,217 615 163,832 Finance 24,696 24,696 191,963 191,963 Construction 34,895 5,363 40,258 8,102
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    • 110 8 Stock name Close Change CapMallsAsia 1.900 CapitaLand 3.640 -0.010 CapitaMall 1.940 +0.010 CityDev 11.800 +0.080 ComfortDelGro 1.620 DBS Grp 14.880 +0.020 F&N 6.440 -0.110 Genting SP 2.070 -0.050 Golden Agri 0.720 -0.010 HK Land 7.270 +0.080 JMH 45.000 -0.060 JSH 27.520 +0.400 Jardine C&C 34.600 +0.560
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    • 513 8 CURRENCIES Reuters [NEW YORK] The euro came off a two-month high yesterday with more losses seen in the near term after an over-subscribed eurozone rescue fund’s first offer of debt, while the pound dived after a shock contraction in the UK economy in the
      – Reuters; BLOOMBERG  -  513 words
    • 109 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 125.4 0.8 DBXT MSKorea 10US$ 6063 57.6 0.7 Jardine C&C 3460 56.0 1.6 JSH 2752 51.2 1.5 DBXT MSINDO 10us$ 1258 42.2 2.7 Daiwa FT Shariah Jap 876 21.8 2.0 Lyxor EasternEurope1 600 19.2 2.6 OmegaNav 180 19.0 11.8 Lyxor Korea
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    • 118 8 BY CENTS CLOSE DOWN GLD 10US$ *****-227.8 -1.3 DBXT DBLCI-OY 5US$ 3982 -48.6 -0.9 Wilmar.ES.1101 541 -27.0 -4.8 DBXT S&P Short 10US$ 4392 -26.9 -0.5 OCBC Bk.ES.1101 996 -22.0 -2.2 Asia Pac Brew 2092 -18.0 -0.9 Golden Ocean 158 -18.0 -10.2 Vicom 288 -16.0 -5.3 DBXT FTChina25 10US$ 3124
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    • 5 8 DAILY
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  • Page 9 Advertisements
    • 363 9 k k k r r C! I 1 V In a perfect world, you'd balance work and play effortlessly J u r In reality, it's rather complicated. That's why we keep things simple. You're an individual, not a formula. And your individual needs demand unique solutions. That's why we created
      363 words

  • SINGAPORE NEWS
    • 426 10  -  Bt Batok project will have 180; projects in Yishun will have total of 1,548 units By UMA SHANKARI THE Housing Development Board (HDB) yesterday launched for sale three more build-to-order (BTO) projects one at Bukit Batok and two at Yishun with a
      426 words
    • 385 10  -  By UMA SHANKARI THE Housing and Development Board (HDB) has launched a site at Clementi Avenue 4 for sale under its design, build and sell scheme (DBSS). An estimated 770 flats can be built on the plot, which has a site area of
      385 words
    • 18 10 ISIN-CODE NAME NAV DATE LU********** Man AHL Trend SGD Share SGD 98.85 17.01.11
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    • 638 10  -  Nathan’s new book details turbulent 1961-65 period By LEE U-WEN HIS nearly seven-decade long career has seen him assume many roles such as a translator, medical social worker, permanent secretary, ambassador and finally, as Singapore’s long-est-serving head of state. One particular job he held
      638 words
    • 360 10  -  By LINETTE LIM THE volunteerism rate in Singapore more than doubled in the past decade to reach 23 per cent last year, Senior Minister Goh Chok Tong said yesterday. SM Goh revealed the figure on Day 2 of the 21st International
      360 words
    • SINGAP0RE ROUNDUP
      • 97 10 THE National Research Foundation (NRF) announced the sixth group of awards under the Competitive Research Programme (CRP) yesterday. Four projects, which were selected out of 95 proposals, were assessed to have high potential for breakthrough science that has significant impact to the economy and
        97 words
      • 77 10 THE Singapore Prison Service (SPS) announced yesterday that Singapore’s recidivism rate has decreased over the past years, and remains one of the lowest in the world. The recidivism rate, or the percentage of local inmates who are detained or convicted and imprisoned again for a new
        77 words
      • 62 10 THE president of Fundacion Metropoli, a Madrid-based institution, Alfonso Vegara, has signed a memorandum of understanding (MOU) with the Centre for Liveable Cities, a thought centre established by the Ministry of National Development and the Ministry of the Environment and Water Resources. The signing of this
        62 words
      • 86 10 THE team of researchers from the Agency for Science, Technology and Research (A*Star) who created the Dance!3D system were voted as one of six finalists at the World Technology Summit and Awards 2010, held in New York. They were selected out of 23
        86 words
    • 300 10 YOUTHS participate in social groups to the same degree that they did in 2005. However, the percentage of those in leadership positions has slid from 22 per cent in 2005 to 11 per cent in 2010, according to the 2010 National Youth Survey.
      300 words
    • 142 10 GLOBAL healthcare company International SOS has acquired France’s SMI (Service Medical International), a manufacturer and distributor of medical supplies to the aviation, maritime and oil industries. SMI’s healthcare solutions and European-based medical kit manufacturing capabilities will be integrated into MedAire, an International SOS company with
      142 words
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  • Page 11 Advertisements
    • 232 11 ELECTRONICS ENGINEERING PTE LTD The Professional Sound AV Specialist Since 1951 Celebrating QLQRfOUS YEARS 19 5 1 2 0 11 I E J mm at i n 7D, Showcase of Prestigious Completed Projects I P N m US 5* EM B E B5" A r R, III Universal Studios Singapore
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  • ECONOMY WATCH
    • 670 12 There are no panels on compensation or redesigning financial regulation thing different?” Bloomberg [NEW YORK] As Wall Street chief executive officers flock to the World Economic Forum, they’ll be breathing a sigh of relief along with the Swiss mountain
      thing different?” – Bloomberg; REUTERS  -  670 words
    • 541 12 It also says deflation will end this year and prices will go up AFP [TOKYO] Japan’s central bank yesterday raised its forecasts for the nation’s growth this fiscal year and for consumer prices, while leaving its key rate near zero in its
      – AFP  -  541 words
    • 226 12 Bloomberg [LONDON] Germany overtook the UK as the most-fa-voured investment location in Europe for unlisted real estate funds as the recovery of its economy, the continent’s largest, made offices and retail properties more attractive. The UK fell to fourth place behind Germany,
      Bloomberg  -  226 words
    • 373 12 Bloomberg [LONDON] Bank of England (BOE) policy maker Andrew Sentance said the time has come for officials to act against a “sustained” bout of inflation by raising interest rates. “When it is clear that global inflationary pressures, coupled with a
      Bloomberg  -  373 words
    • 463 12 They can ensure stability when speculators leave Reuters [MEXICO CITY] Foreigners betting on Latin America’s long-term future will in time replace the fickle speculators now hoarding local assets and help the region brace for the exit of quick buck investors. Foreigners have for months been
      – Reuters  -  463 words
    • 302 12 AFP [SYDNEY] Australian inflation moderated to its lowest level in a decade, data showed yesterday, but Treasurer Wayne Swan said prices would surge as record flooding squeezes consumers at the check-out. The Consumer Price Index grew 0.4 per cent in October-December compared
      – AFP  -  302 words

  • Page 13 Advertisements
    • 207 13 PACIFIC HEALTHCARE HOLDINGS CELEBRATES 10 YEARS OF HEALTHCARE EXCELLENCE IN SINGAPORE I J t 1 Jl m f PACIFIC HEALTHCARE HOLDINGS I® Pacific Healthcare is an internationally recognised healthcare provider offering I a comprehensive range of healthcare services through its team of 100 over dedicated healthcare professionals. Some of its
      207 words

  • Page 14 Advertisements
    • 118 14 What am I doing this book forP I want your readers to know the hard truths. If you believe that this superstructure is the same as other countries in our range, you are dead wrong. Lee Kuan Yew takes on his critics in 32 hours of interviews with Straits Times
      118 words

  • MALAYSIA/INDONESIA
    • 681 15 Jakarta’s minimum wage demand stalls talks on lifting ban AFP [KUALA LUMPUR] Tens of thousands of Malaysian households have been thrown into domestic chaos as a shortage of maids hits a country with a long-stand-ing addiction to cheap foreign labour. Nearly two million foreigners,
      AFP  -  681 words
    • 340 15 Lender’s capital raising will be 2nd-biggest rights offering in Indonesia Reuters [JAKARTA] PT Bank Mandiri, Indonesia’s biggest lender, was set to raise 11.69 trillion rupiah (S$1.6 billion) in a rights issue, set to be Indonesia’s second-biggest rights offering, based on the term
      – Reuters  -  340 words
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  • Page 16/17 Advertisements
    • 105 16/17 Audi Vorsprung durch Technik A C Who says the best investments are not emotional? Audi is the fastest growing premium brand for the fifth consecutive year. At Audi, we believe that even the most strategic investment choices can be emotional. Our progressive spirit is what keeps us light years ahead
      105 words

  • GREATER CHINA/INDIA
    • 634 18 Macau tycoon says transfer of shares by family to holding company is ‘robbery’ Reuters [HONG KONG] Macau casino magnate Stanley Ho yesterday accused his family of stealing shares in his business empire and leaving him with “almost nothing” after a share restructuring
      – Reuters; AFP FILE PHOTO  -  634 words
    • 457 18 Reuters [MUMBAI] As expected, India’s central bank raised interest rates yesterday by 25 basis points to clamp down on resurgent inflation, warning that higher food prices could become entrenched if steps to boost output are not taken. Even though the Reserve Bank of
      – Reuters  -  457 words
    • 422 18 But they may weaken as loans to local govts are likely to sour this year Reuters [BEIJING] Chinese banks finished last year in a stronger position than they started, chipping away at their bad debt holdings and beefing up provisions in case
      – Reuters  -  422 words
    • 277 18 Bloomberg [MUMBAI] Bond investors say they support India’s plan to sell inflation-protect-ed securities for the first time since 1997 as government debt heads for the biggest loss in 17 months on surging food and fuel prices. The central bank sought feedback
      – Bloomberg  -  277 words
  • Page 18 Advertisements
    • 243 18 WINE DINE AND HOSPITALITY vik^i Y 5?5» •S- k *s.-SwC-Pizza Prosciutto Crudo E Rucola WE ARE OPEN THROVGHOVT m 2fe LVNAR NEW YEAR! 3 Feb 4 Feb 2011 Costolette D'Agnello L If Traditional Italian Wood-Fired Pizza and Home-Made Pasta >r Orchard 1 Tanghn Road #01-09/10 Orchard Parade Hotel S*****5 6235
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  • Page 19 Advertisements
    • 1843 19 Keppel Corporation Limited Co Reg No: *****0351N (Incorporated in the Republic of Singapore) FULL YEAR 2010 FINANCIAL STATEMENT DIVIDEND ANNOUNCEMENT 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2010 The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the year ended 31 December
      1,843 words

  • WORLD
    • 574 20 Order book for maiden EFSF issue closes at 43b euros, nine times the offer Reuters [BRUSSELS] The European Financial Stability Facility, the 440 billion euro (S$766.2 billion) fund being used to bail out Ireland, launched its debut bond issue yesterday with demand dwarfing the
      Reuters; REUTERS  -  574 words
    • 491 20 All lenders will need to bolster amount of capital they hold AFP [MADRID] Spain will change regulations to allow the partial takeover of its weakest lenders and require all banks to bolster the amount of capital they hold to shore up confidence
      – AFP; AP  -  491 words
    • 342 20 LATEST US DATA Bloomberg [NEW YORK] Confidence among US consumers rose more than forecast in January to the highest level in eight months as Americans grew more optimistic about job prospects. The Conference Board’s index of sentiment increased to 60.6 from a revised
      – Bloomberg  -  342 words
    • 422 20 [SEOUL] South Korea, Asia’s No 4 economy, has slashed import tariff on pork and seven other products to help meet lost supply from a nationwide outbreak of foot-and-mouth disease and to help contain inflation. South Korea would levy no tariff on up to
      422 words
    • 374 20  -  By JASON BUSH REUTERS BREAKINGVIEWS A BOMB attack on Moscow’s Domodedovo airport has killed dozens and injured many more. Although the precise details may not be known for some time, the attack represents a nasty development because it underscores an unpleasant truth. Security
      REUTERS  -  374 words
  • Page 20 Advertisements
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  • TransportHUBTHE
    • 825 21  -  Media hype distracts attention from more serious public debt problem in US By VEN SREENIVASAN [SINGAPORE] The eurozone debt crisis has been overdone in the global narrative, and distracts attention from what could potentially be a more serious public debt crisis in the US. That
      825 words
    • 833 21  -  M’sian and South Korean navies show the way STRAIT TALK By DAVID HUGHES THERE were dramatic events in the Indian Ocean last week as two navies, Malaysia’s and South Korea’s, demonstrated that apparently ever bolder Somali pirates do not always have everything
      833 words
    • 692 21  -  By JOYCE HOOI [SINGAPORE] It would be a bit of an understatement to call Seow Tiang Keng an engineer. If Singapore owes its turbocharged landscape of today to the architects of its infancy, Mr Seow was one of the men who helped to
      KEPPEL  -  692 words
    • TRANSPORT HUB: AVIATION
      • 439 22 HK$7b Phase One includes a midfield concourse with 20 parking stands Xinhua [HONG KONG] The Airport Authority Hong Kong (AA) yesterday unveiled Phase One midfield development project of Hong Kong International Airport. The AA said in a statement that the HK$7 billion (S$1.2 billion)
        – Xinhua  -  439 words
      • 740 22 Airports are public places requiring relatively free access NYT [NEW YORK] How do you fully secure something as big and sprawling as an international airport against a terrorist bombing like the one on Monday at Domodedovo Airport in Moscow? You cannot, security experts consulted
        – NYT; REUTERS  -  740 words
      • 3319 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi KU6457 1230 SQ456 1245 SQ457 1230 EY470 2200 VA7470 2200 Adelaide LH9771 1745 9W4082 2220 SQ278 1745 AF8088 2220 VS7278 1745 BA7382 2220 JL5083 2220 MU8214 2220 QF82 2220 LH9770 2350 SQ279 2350 VS7279 2350 Ahmedabad NH6293 0710 SQ531
        3,319 words
      • 513 22  -  By PAULINE NG in Kuala Lumpur SHARES of AirAsia continued to slide yesterday, losing a tenth over the past two days, despite the budget carrier posting what analysts say is its best operational quarter to date. The Malaysian-based airline saw a jump in revenue
        513 words
    • TRANSPORT HUB: LAND
      • 465 23  -  Total of 4,533 cars registered last year, led by Toyota, Honda, Mercedes By SAMUEL EE [SINGAPORE] Just as they are in the authorised world, Toyota and Mer-cedes-Benz were tops last year in the model and make stakes respectively in the parallel universe.
        465 words
      • 382 23 AP [DETROIT] General Motors Co (GM) sold more cars and trucks in China last year than it did in the United States, for the first time in the company’s 102-year history. GM said on Monday that it sold 2.35 million
        AP  -  382 words
      • 471 23 Bloomberg [KUALA LUMPUR] Record car sales in Indonesia helped fuel 50 per cent growth in syariah-compliant banking assets last year and Islamic lenders are setting up booths at automobile shows to further develop the market. PT Bank Muamalat Indonesia, the country’s oldest
        Bloomberg  -  471 words
      • 476 23  -  Insight a match for Honda Civic or Volkswagen Jetta By SAMUEL EE [SINGAPORE] Hit hard by high COE premiums and the strong Japanese yen, authorised Honda distributor Kah Motor is banking on its latest hybrid to appeal to buyers of premium compact family models.
        FILE PHOTO  -  476 words
      • 429 23 GM, with 8.39m units sold last year, is a close second Bloomberg [TOKYO] Toyota Motor Corp was the world’s largest carmaker for a third year in 2010 as a recovery in global vehicle demand outweighed a decline in US sales. Toyota’s sales, including its
        – Bloomberg; BLOOMBERG  -  429 words
  • Page 21 Advertisements
    • 93 21 33! ySmEt lJUil?!!3 ■tt/ 1 P ■j r m fh MM jimi Sup Title Natas Travel 2011 Spring Sensations Holiday Fiesta Travel Malaysia May 2011 Value Vacations Natas Holidays 2011 Autumn Delights Travel Malaysia Nov 2011 HolidayEscapades ■wim IST&ZBT Feb 24 &25 Mar 22 &24 Apr 12 14 May 13
      93 words
    • 65 21 General Declaration of lost document (Original B/L: NYKS**********) This is to announce that subject O/BL has been duly lost sometime between the periods of 22nd Dec 10 7th Jan 11 and that the document is now consider null and void. a* -s- Lianhe Zaobao Shoebox apartments favoured as home prices
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  • Page 22 Miscellaneous
    • 361 22 CRYPTIC CROSSWORD Across 1 Quality shown by good ratings? (10) 6 Very formal leaders of priesthood rotated in mass (4) 9 Garment seen in marathon glowed (5) 10 Function to lift, we hear, junior employee (6,3) 12 Inspector left facing novel problem (7) 13 Argument producing devastation around North (3-2)
      361 words

  • Page 23 Advertisements
    • 186 23 In the Matter of The Companies Act, Cap. 50 And In the Matter of WEN INTERNATIONAL INVESTMENTS PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg. No. *****5378N) NOTICE OF FINAL MEETING NOTICEISHEREBYGIVENthatpursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the abovenamed Company will be
      186 words
    • 17 23 www.omy.sg f*TTV mm s O eat.omy.sg itfl A i PI W M LD mi V.*' I M
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  • EDITORIAL & OPINION
    • 523 24 EDITORIAL HERE are some startling statistics that may not be well known: in the 10 years to 2010, six out of the top 10 fastest growing economies in the world were in sub-Saha-ran Africa, according to a recent analysis by The Economist. Surprisingly, it
      523 words
    • 756 24  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter @FrankChing1 CHINESE President Hu Jintao’s state visit to the United States has stemmed the deterioration in the bilateral relationship of the last year
      756 words
    • 1042 24  -  Challenges and new realities facing the supply chain By CARLOS CORDON Professor Carlos Cordon is the programme director of IMD’s Managing the Global Supply Chain programme. He also works with companies in the areas of supply chain management, outsourcing and purchasing as part of IMD’s Partnership
      BLOOMBERG  -  1,042 words
    • 1291 25  -  Gas importers will benefit from a competitive market while producers face a reduction of the value of their reserves By JOHN DEUTCH The writer is Institute Professor of Chemistry at the Massachusetts Institute of Technology (MIT) and former US Undersecretary of Energy, Deputy Secretary of
      BLOOMBERG  -  1,291 words
    • 857 25  -  MATTHEW LYNN The writer is a Bloomberg News columnist and the author of ‘Bust’, a book on the Greek debt crisis. The opinions expressed are his own YOU might think that this is a great time for the offshore banking industry. There
      857 words


  • SINGAPORE STOCKS
    • 9022 26 Transaction date: Jan 25 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 21 14.5 3148 8Telecom 19 unch 201 19 19 19 19.5 1.7 9.5 6.1 91 12 4.5 5834
      9,022 words
    • 1728 27 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 1181 t AA Grp 5 4 5 27.8 4.8 225 130 6222 t APStrategic 168 unch 3 169 168 162
      1,728 words
    • 9514 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.35/ APS Alpha Fund (USD)!** 1.05/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM
      9,514 words
    • 842 27 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 6389 ABF SG Bond ETF 110 110.1 115 502.1 1070 761 CIMBAsean40 100US$ US1022 -1 7 1022 1022 1006 1016 40.9 335
      842 words
    • 260 27 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 6000 AVJennings A47 -1.5 3 47 46.5 47 49.5 3.6 7.4 3.8 122.4 55 16 6017 Genting HK US$ US46 -1 ***** 48
      260 words
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    • 66 26 FRANCK MULLER BOUTIQUE 01-07 ION ORCHARD (65) 6509 3380 B1-19 THE SHOPPES AT MARINA BAY SANDS (65) 6634 8825 SINCERE FINE WATCHES NGEE ANN CITY (65) 6733 0618 LUCKY PLAZA (65) 6737 4593 SUNTEC CITY (65) 6337 5150 THE SHOPPES AT MARINA BAY SANDS (65) 6634 9782 VIVOCITY (65) 6278
      66 words


  • FINANCE & COMMODITIES
    • 374 28 In local curr In S$ In US$ dy yr dy yr dy yr Jan 24 Index Change Change Change Change Change Change World Index Preliminary 917.7 0.5 10.2 0.5 2.4 0.7 12.2 EAFE Preliminary 819.7 0.5 4.4 0.8 -1.6 0.9 7.8 Europe Preliminary 1199.7 0.4
      374 words
    • 177 28 Jan 25 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.33 0.23 1 month 0.40 0.30 2 months 0.43 0.33 3 months 0.46 0.36 6 months 0.55 0.45 9 months 0.80 0.60 12
      177 words
    • 22 28 Jan 25 S$ Bid Offer 1-month 1.2796 1.2806 2-months 1.2795 1.2805 3-months 1.2795 1.2805 6-months 1.2801 1.2811 Source: OCBC
      22 words
    • 140 28 Jan 25 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Feb 11 585.0 576.0 577.0 85 Mar 11 577.0 575.5 575.5 10 Apr 11 577.0 577.0 576.5 16 May 11 576.5 Jun 11 576.5 Jul 11 580.0 573.5 573.5
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    • 86 28 Jan 25 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 28.04.2011 0.34 0.30 0.30 1-Year BY*****N 01.11.2011 0.41 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 103.42 5-Year N*****0S 2.875 01.07.2015 106.78 7-Year N*****0Z
      86 words
    • 107 28 Jan 24 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 11 1404.50 1412.25 1426.25 1396.75 May 11 1415.00 1422.75 1436.75 1407.50 Jul 11 1422.00 1430.00 1444.00 1414.25 Aug 11 1397.00 1405.75 1414.25 1391.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 11 57.18
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    • 77 28 CRUDE OIL PRODUCTS Jan 24 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 97.87 0.53 WTI (Near Mth) 86.59 -1.51 Dubai (1-Mth F) 92.94 0.34 Tapis blend 102.15 0.50 Minas 98.10 0.50 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 95.44 0.83 Jet Kerosene 112.20 1.76 US$/barrel Opec Oil
      77 words
    • 2591 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 27.5 -1.5 325 1 10 -10 1.51 58 6221 Asia-Pacific Strat W*****6 33 1 150 9 5.09 40 6227 ASJ Hldgs W*****1 3 1 980 1
      2,591 words
    • 121 28 Jan 25 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.319 1.245 Can dollar 1.313 1.263 Euro 1.779 1.711 Sterling pound 2.084 2.004 NZ dollar 1.008 0.96 US dollar 1.301 1.251 Local dollars to 100 units of foreign
      121 words
    • 27 28 Jan 25 Open High Sett STI Jan 3181 SIMSCI Jan 377.1 380.0 375.9 Taiwan Jan 319.7 323.0 320.2 Source: MF Global (S) Pte. Ltd
      27 words
    • 65 28 Jan 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 11 3792 3777 3792 3760 293 6041 Mar 11 3770 3757 3793 3746 1802 ***** Apr 11 3714 3703 3743 3690 ***** ***** May 11 3654 3639
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    • 436 28 Jan 25 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.6600 0 3578 Jun11 99.5850 0 1474 Sep11 99.4600 0 2214 Dec11 99.2850 0 527 EUROYEN TIBOR FUTURES Mar11 99.6600 99.6650 99.6600 99.6625 0 3063 Jun11 99.6475 0 1222 Sep11 99.6350 0 659 Dec11 99.6150 99.6150
      436 words
    • 464 28 Jan 25 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.990 6.566 0.730 7.772 45.439 90.194 0.822 11.147 3.044 1.303 85.606 44.352 1.277 6.995 0.947 28.942 30.876 0.625 0.997 Canada 1.010 6.634
      464 words
    • 85 28 Jan 25 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 141 28 Jan 25 GOLD (US$/oz) Jan 25 Jan 24 Hong Kong 1333.00 1351.00 Jan 24 Jan 21 London 1346.36 1343.90 1347.13 1344.80 Source: Thomson Reuters Source: Reuters CAST BAR Jan 25 (S$) Selling Buying Kilobar 59,188.12 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 133 55 5gm 376 276
      141 words
    • 69 28 Jan 24 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2389.00 2395.50 3 months 2413.00 2419.00 Copper, Grade A (US$/tonne) Cash 9544.75 9459.50 3 months 9529.00 9441.00 Lead (US$/tonne) Cash 2474.00 2510.00 3 months 2405.00 2425.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • 82 28 Jan 24 COCOA (£/tonne) Close Prev High/Low Mar 11 2190 2148 2307/2170 May 11 2161 2114 2269/2144 Jul 11 2154 2111 2252/2140 Sep 11 2135 2099 2216/2132 COFFEE (US$/tonne) Close Pev High/Low Jan 11 2107 2140 2147/2110 Mar 11 2123 2149 2163/2110 Jul 05 2150 2175 2188/2138 Jul 11
      82 words
    • 154 28 Jan 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2762 1.2776 0.9973 0.9976 Canadian dollar 1.2894 1.2910 1.0076 1.0081 Euro 1.7495 1.7512 1.3671 1.3674 NZ dollar 0.9795 0.9806 0.7654 0.7657 Sterling pound 2.0421 2.0443 1.5958 1.5962
      154 words

  • 5807 29 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 Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico *Loads E./W.
    5,807 words
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  • Page 31 Advertisements
    • 1046 31 •SELL IT• FIND IT MATS "YTTfT Q Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES A > T AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED ABN 11 005 357 522 FINANCIAL STATEMENTS FOR ANZ BANKING GROUP LIMITED and its controlled entities for the year ended 30 September, 2010 BALANCE SHEETS as at
      1,046 words
  • executive Money
    • 1343 31  -  Surging food prices erode buying power of 2.8 billion people in Brazil, Russia, India and China who spend 19% of their income on groceries, report MICHAEL PATTERSON and LYNN THOMASSON Bloomberg Bloomberg. [LONDON/HONG KONG] EMERGING-MARKET consumer companies are valued at the most expensive levels on record
      Bloomberg; Bloomberg.; REUTERS  -  1,343 words
    • 881 32  - Currencies the next big thing Without actually having to trade currencies, investors can put their money into currency funds, which seek exposure to high ‘carry’ currencies, reports GENEVIEVE CUA OVER THE LAST few years, currency has emerged as a big investment theme as the macro plays a weak bias for
      BLOOMBERG FILE PHOTO  -  881 words
    • 368 32  -  By GENEVIEVE CUA SINGAPORE investors are optimistic about markets and returns, as a newly launched investor sentiment index shows, and they are likely to take a more aggressive stance in their investments. JP Morgan Asset Management yesterday launched the JP Morgan Investor Sentiment Index,
      368 words
    • 1004 32  -  US boutique banks are using the personal touch to gain traction in deal-making, reports EVELYN M RUSLI NYT [NEW YORK] LAST September in a restaurant on Israel’s Mediterranean coast, Ze’ev Goldberg, a partner at boutique investment bank Compass Advisers, listened to Ren
      – NYT; NYT  -  1,004 words

  • Page 32 Advertisements
    • 214 32 opt it JH SXPRESS Account Positions Custom View Tools Trading Tools Should Be Easy It's What Smart Traders Deserve We listen to our customers to develop easy to use, powerful tools for trading giving you a better U.S. trading experience. Stocks, options, futures, ETFs from one account FREE streaming quotes,
      214 words