The Business Times, 8 February 2011

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Microfilm: NL31045
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Tuesday, February 8,2011
    23 words
  • Article
    Lock icon Rules to make showflats fall in line with the truth
    600 1  -  Developers will have to make sure that the units give an accurate picture and don’t mislead buyers By UMA SHANKARI [SINGAPORE] The Ministry of National Development (MND) plans to introduce new regulations to make sure that developers build showflats that
    600 words
  • Article
    Lock icon MARKETS DIGEST
    142 1 H ST INDEX 3,192.18 (-18.94) G ST INDEX FUTURES 3,193 (+8) GSIMSCI 378.53 (+2.69) GSIMSCI FUTURES 378.50 (+2.70) FOREX US$ S$ US$ (S$ per US$) 1.276 (US$/S$ per 1.615 2.061 EURO (US$/S$/E) 1.359 1.734 Foreign currency per US$ S$ YEN 82.40 64.60 RM 3.038 2.381 HK$ 7.784 6.101
    142 words
  • Article, Illustration
    Lock icon Bunny greets IRs with a million visits and more
    715 1  -  Stunning visitor numbers kick-start Year of the Rabbit By GRACE LEONG [SINGAPORE] Visitor traffic at Singapore’s two integrated resorts (IRs) jumped to new heights in the first few days of the Year of Rabbit, with more than a million visits recorded.
    KELVIN CHNG/THE NEW PAPER  -  715 words
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      75 1 PROPERTY Top Global has ambitious plans PAGE 2 *****1 *****4 i THE HOURGLASS SINGAPORE TAKASHIMAYA S.C. T: 65-6734 2420 KNIGHTS BRIDGE T: 65-6884 8484 TANG PLAZA T: 65-6235 7198 ONE RAFFLES PLACE T: 65-6534 5855 www.thehourglass.com PATEK PHILIPPE GENEVE Begin your own tradition. You never actually own a Patek Philippe.
      75 words
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      9 1 ECO-FRIENDLY MINI CITY NTU unveils new masterplan PAGE 8
      9 words
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      9 1 GENTING S’PORE Shares slide on MBS results PAGE 4
      9 words
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      35 1 OPINION Drawing private equity funds to Singapore PAGE 23 Inc The nimble contractor I PAGE 9 Jay Gee on staying ahead in the fashion retail business I PAGE 10 SMEs’ Budget wishlist I PAGE 11
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  • TOP STORIES
    • Article
      Lock icon Japan emerging from slowdown: BOJ governor
      638 2  -  But deflation, huge fiscal deficit, low productivity still pose obstacles to growth, warns Shirakawa By ANTHONY ROWLEY in Tokyo JAPAN’S economy is beginning to pull out of a recent slowdown but faces formidable problems if it is to continue growing in the future, Bank
      638 words
    • Article, Illustration
      Lock icon Top Global’s top gun has ambitious plans
      776 2  -  Group sets up joint venture property consultancy By KALPANA RASHIWALA [SINGAPORE] Top Global, controlled by Sukmawati Widjaja sister of tycoon Oei Hong Leong is looking at building up a property investment and development business in Singapore, China, Indonesia and Malaysia. It also plans
      PHOTO: YEN MENG JIIN  -  776 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      479 2 Rules to make showflats fall in line with the truth THE Ministry of National Development plans to introduce new regulations to make sure that developers build showflats that accurately represent the actual units in a project, sources told BT. The move is meant to ensure that buyers are
      479 words
    • Article
      Lock icon Genting S’pore shares slide in wake of MBS results
      777 4  -  Fear of similar fall in Q4 VIP volumes at RWS; Citi cuts Genting revenue forecast By GRACE LEONG [SINGAPORE] Shares of Genting Singapore fell yesterday as concerns over Marina Bay Sands’ low-er-than-expected VIP rolling volumes in the fourth quarter spilled over
      777 words
    • Article
      Lock icon Hsieh to guide Fullerton Fund after acting CEO quits
      181 4 Reuters [SINGAPORE] Fullerton Fund Management a fully owned unit of Singapore investment company Temasek Holdings said yesterday that its acting CEO has resigned, a move that comes less than four months after its previous CEO Gerard Lee quit to join rival
      Reuters  -  181 words
    • Article, Illustration
      Lock icon S’poreans are region’s most bullish consumers
      719 4  -  They are closely followed by Vietnamese, M’sians By MAARTEN KALLENBERG The writer is Head of Consumer Confidence Index at InsightAsia Research Group. He can be contacted for more information about the report at consumer confidence@insig htasia.com. Free top line reports and more detailed reports
      Source: InsightAsia Research Group  -  719 words
    • Article, Illustration
      Lock icon Anti-govt protesters are in for the long haul
      566 4 Up to 2,000 people bed down overnight under blankets and tents in Tahrir Sq TURMOIL IN EGYPT Reuters AP [CAIRO] Cairo protesters dug in for a long fight yesterday, pressing their demand for an overhaul of the political system and the resignation
      Reuters; AP; AFP  -  566 words
    • Article
      Lock icon Interpol won’t probe EPL ‘match rigging’
      489 4  -  Premier League also not notified of any investigation By LEE U-WEN [SINGAPORE] Interpol has denied media reports suggesting that it would investigate suspicious betting patterns during last Saturday’s English Premier League (EPL) match between Newcastle and Arsenal. The game finished 4-4, after Newcastle scored
      489 words
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      509 2 KPMG Seminar Series Money Markets and Foreign Exchange Markets workshops Dates Workshop 1: Money Markets 17 18 March 2011 Workshop 2: Foreign Exchange Markets 24 25 March 2011 Time 9.00am to 5.00pm Venue Orchard Hotel Singapore Seminar Fees Client S$918 per participant KPMG Alumni S$918 per participant Non-client S$1048 per
      509 words
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      11 2 CATS Recruit The first door to your world of opportunities CLA/AUG06/g
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      317 3 Discover a new dimension of fine living Experience the full splendour of life. A new paradigm of fine living on the celebrated East Coast, Silversea Elan opens up a sea of luxuries. At the peak of perfection, exquisite finishes and fittings create a residence of unparalleled sophistication. The collection includes
      317 words
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  • COMPANY NEWS
    • Article
      Lock icon Unifiber must pay CMEC by Feb 18: High Court
      405 5  -  It disputes amount owed but is mulling over all available options of payment By EMILYN YAP THE High Court has ruled in favour of a Chinese conglomerate which is demanding payment of US$19.74 million (S$25.2 million) from United Fiber System (Unifiber).
      405 words
    • Article
      Lock icon Fitness First plans $700m public offer
      107 5 Reuters [SINGAPORE] Gym-operator Fitness First plans to raise as much as $700 million in an initial public offering (IPO) in Singapore, IFR Asia said yesterday. CLSA, Credit Suisse, and JPMorgan have been appointed as bookrunners for the IPO that is expected to take place
      Reuters  -  107 words
    • Article
      Lock icon Pacific Shipping Trust names new CEO
      271 5  -  By JOYCE HOOI PACIFIC Shipping Trust has a new chief executive officer Lim Sim Keat who will take over the position in March, its trustee-manag-er, PST Management Pte Ltd (PSTM), announced yesterday. Mr Lim, a permanent resident of Singapore, has almost 20 years of
      271 words
    • Article, Illustration
      Lock icon Hour Glass opens flagship at Knightsbridge
      457 5  -  By ARTHUR LEE THE Hour Glass has taken watch retailing to a whole new level with the opening of its premier branch at Knightsbridge on the eve of Chinese New Year. Here, Rolex lovers can view a display of some 30 pieces of early
      ARTHUR LEE  -  457 words
    • Article
      Lock icon Wilmar to pump US$900m into Indonesia
      249 5 Reuters [JAKARTA] Singapore’s Wilmar, the world’s largest listed palm oil firm, will invest US$900 million to build factories in Indonesia to produce palm oil products, an Indonesian government minister said yesterday. “Wilmar will build six factories of CPO (crude palm oil) end products such
      Reuters  -  249 words
    • Article, Illustration
      Lock icon DBS grows Indonesian private banking team
      413 5  -  By SIOW LI SEN DBS Private Bank is beefing up its Indonesian team to expand its reach into South-east Asia’s largest economy. The bank said yesterday that it has hired two senior private bankers for its Indonesia team based in Singapore Stanley Puah Soon
      413 words
    • Article
      Lock icon Asean link takes ASX takeover one step closer
      624 7  -  HOCK LOCK SIEW ASIAN EXCHANGES By R SIVANITHY DESPITE the pluses far outweighing the minuses, doubts still linger over the Singapore Exchange’s (SGX) proposed $10b takeover of the Australian Stock Exchange (ASX). Those opposed to the deal base their objections primarily on
      624 words
    • Article
      Lock icon Chi-X delays launch as it awaits new rules
      545 7 Bloomberg [SYDNEY] Chi-X Global Inc’s bid to challenge Australia’s main stock exchange operator ASX Ltd has been held up as the company waits for the nation’s markets regulator to finalise new competition guidelines. Chi-X Australia Pty, which planned to begin operating by
      Bloomberg  -  545 words
    • Article, Illustration
      Lock icon Tokyo bourse to cut lunch break from May
      290 7 Bloomberg [TOKYO] The Tokyo Stock Exchange (TSE) is set to cut its lunchtime trading break, following similar moves by the Singapore and Hong Kong exchanges. The Tokyo Stock Exchange will shorten its lunch break beginning on May 9, Satoshi Mimura, a spokesman
      Bloomberg; AP  -  290 words
    • Article, Illustration
      Lock icon Funds outflow from Asean markets slows
      512 7  -  But flows from emerging markets back into developed markets intensify By TEH SHI NING ASEAN markets saw a moderation in fund outflows last week, even as the reversal of fund flows back into developed markets from emerging ones intensified on shifting risk perceptions. Foreign
      BLOOMBERG  -  512 words
    • COMPANY BRIEFS
      • Article
        Lock icon Aztech opens sales office in UAE
        63 7 AZTECH Group has opened a sales office in the United Arab Emirates (UAE). The new office will sell, market and promote Aztech’s electronics and electrical equipment and LED lighting products in the Middle East. With the addition of UAE, Aztech said, it now has
        63 words
      • Article
        Lock icon Midas unit wins order worth 82m yuan
        74 7 MIDAS Holdings has secured, through its aluminium alloy unit Jilin Midas Aluminium Industries Co Ltd, a contract worth 82 million yuan (S$15.9 million) from CNR Changchun Railway Vehicles Co Ltd. Under the terms of the contract, Jilin Midas will supply aluminium alloy extrusion
        74 words
      • Article
        Lock icon Epicentre expects big rise in interim profit
        82 7 EPICENTRE Holdings expects to report a sharp increase in net profit for the first six months of its FY2011 ended Dec 31, 2010, compared to the same period a year ago. This is mainly due to increased revenues from existing and new stores
        82 words
      • Article
        Lock icon Total Access to change SGX listing status
        53 7 TOTAL Access Communication Public Company is planning to change its listing status on the Singapore Exchange to a secondary listing. It currently has a primary listing on both SGX and the Stock Exchange of Thailand. The change of listing status will be subject
        53 words
    • Article
      Lock icon TAC Q4 earnings rise 37%, beat forecasts
      169 7 Reuters [BANGKOK] Thailand’s sec-ond-largest mobile operator, Total Access Communication, reported a 37 per cent rise in quarterly earnings yesterday, beating market expectations, due to strong use in non-voice services. Singapore-listed TAC, controlled by Norway’s Telenor, posted October-De-cember net profit of 2.95 billion baht
      Reuters  -  169 words
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      211 5 FTSE ST INDEX SERIES STI Dividend Index FTSE ST Mid Cap Index FTSE ST Small Cap Index FTSE ST China Top Index FTSE ST China Index FTSE ST Maritime Index FTSE ST Catalist Index FTSE ST Fledgling Index FTSE ST All-Share Industry Indices *19 FTSE ST Supersector and 39 FTSE
      211 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Genting leads ST Index lower
      603 6  -  Weak session sees index slip 18.9 points; turnover at a mere 1.4 billion units worth $1.55 billion STOCKS R SIVANITHY Senior Correspondent THERE were no surprises yesterday as stocks drifted weaker with the Straits Times Index (STI) losing 18.94 points at 3,192.18. A weak Hong
      Source: Bloomberg  -  603 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Feb 7 VALUE CLOSE BT OB/OS -278.00 +228.0 BT CADI -*****.00 -61.0 BT 10-day MA -*****.00 -28.00 FTSE ST Mid Cap 806.03 -2.20 FTSE ST Small Cap 598.27 -2.56 FTSE ST All Share 792.70 -4.22 FTSE ST China Top 295.91 -1.55 FTSE ST China 319.49 -2.13 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME Genting SP 168,334,000 Golden Agri 74,596,000 TopGlobal 69,198,000 Thai Beverage 34,118,000 GMG Global 29,126,000 Noble Grp 25,776,000 RafflesEdu 24,599,000 NexGenSCom 21,974,000 KLW Hldgs 20,269,000 Sri Trang 18,436,000 VALUE($) Genting SP 351,323,520 DBS Grp 68,832,640 Noble Grp 58,943,550 Golden Agri 54,344,890 UOB 53,052,220 SingTel 52,132,500 SIA 40,752,740
      58 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 10 2 0 0 0 5 10 2 Manufacturing 47 60 66 6 8 12 53 68 78 Commerce 20 21 19 4 2 6 24 23 25 Tpt/Stor/Comms 13 15 14
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Yangzijiang Shipbuilding
        414 6 Feb 7 close: $1.91 OCBC Investment Research, Feb 7 YANGZIJIANG Shipbuilding (YZJ) recently announced that its subsidiary had entered into an agreement with four other companies to establish a joint-venture company (JV) that will provide marine electrical systems for the building of commercial vessels and marine engineering projects.
        Source: Bloomberg  -  414 words
      • Article, Illustration
        Lock icon Raffles Education Corp
        308 6  -  Compiled by JOYCE HOOI Feb 7 close: $0.33 Kim Eng Research, Feb 7 DURING our recent conference call with Raffles Education Corp (REC), management affirmed its plan to venture into property development in China. Despite the shift away from its core business, we see the move as
        Source: Bloomberg  -  308 words
      • Article
        Lock icon Glossary:
        137 6 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 35,764 35,764 63,778 63,778 Manufacturing 293,327 34,682 328,009 242,104 1,311 243,415 Commerce 86,236 4,548 90,784 119,472 980 120,452 Tpt/Stor/Comms 71,178 744 71,922 160,976 164 161,140 Finance 25,699 25,699 182,121 182,121 Construction 31,305 69,198 100,503 8,822
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 6 Stock name Close Change CapMallsAsia 1.950 +0.020 CapitaLand 3.610 CapitaMall 1.890 -0.020 CityDev 11.400 -0.100 ComfortDelGro 1.580 DBS Grp 15.180 +0.040 F&N 6.060 -0.090 Genting SP 2.060 -0.070 Golden Agri 0.720 -0.015 HK Land 7.000 -0.180 JMH 45.800 -1.200 JSH 28.400 -0.340 Jardine C&C 34.100 +0.360
      111 words
    • Article, Illustration
      Lock icon Euro slips on German industrial data
      503 6 CURRENCIES [LONDON] The euro slipped to a session low against the US dollar yesterday, after a weak reading of German industrial orders accelerated profittaking prompted by data on Friday showing a lower US jobless rate. German industrial orders fell 3.4 per cent on the
      REUTERS  -  503 words
    • Article
      Lock icon RISES
      109 6 BY CENTS CLOSE UP DBXT AUDMM 5SG$ ***** 422.0 1.7 IS S&P500 ***** 136.5 0.8 IS DJ US Tech 6904 133.9 1.5 DBXT MSJAP 10US$ 4201 130.1 2.5 GLD 10US$ ***** 112.2 0.7 DBXT MSUSA 10US$ 3120 67.6 1.7 CIMBAsean40 100US$ 1027 48.5 3.8 Jardine C&C 3410 36.0 1.1
      109 words
    • Article
      Lock icon FALLS
      122 6 BY CENTS CLOSE DOWN DBXT AUD Bonds 5AU$ *****-431.3 -2.1 DBXT Nifty 10US$ *****-183.7 -1.2 JMH 4580-153.0 -2.6 DBXT S&P Short 10US$ 4320-103.3 -1.8 DBXT MSBrazil 10US$ 702 -58.7 -6.1 DBXT MSKorea 10US$ 6156 -52.3 -0.7 Lyxor China H 10US$ 1600 -51.0 -2.4 DBXT iBoxxUSTr 5US$ ***** -43.4 -0.2
      122 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      707 7 =@`>,/-==]`>@_$[]%:$-,$^%&"@\%( :*ATci NOTICES IN THE MATTER OF EC CHEMICAL TECHNOLOGIES (S) PTE LTD (“In Creditors’ Voluntary Liquidation”) (Co. Reg. No: *****0806G) (“the Company”) AND IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND THE COMPANIES (Winding Up) RULES NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that, pursuant to
      707 words
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  • SINGAPORE NEWS
    • Article
      Lock icon NTUto transform under 15-year plan
      520 8  -  Campus will become ‘mini city’ rich in biodiversity and interactivity By LINETTE LIM BY 2025, the Nanyang Technological University (NTU) will be transformed into an eco-friendly “mini city” rich in biodiversity and multi-disciplinary collaboration. Speaking to the media yesterday, NTU president Su Guaning described the
      520 words
    • Article, Illustration
      Lock icon Employers targeting more hires in H1 2011
      546 8  -  They will also be offering more generous pay rises By CHUANG PECK MING WITH more employers convinced that the economic recovery is here to stay, they are prepared to go on a hiring spree and to dish out more generous pay increases. In
      BLOOMBERG FILE PHOTO  -  546 words
    • Article, Illustration
      Lock icon Best Asia firms open to new ideas
      365 8  -  By TEH SHI NING ASIAN companies with the best leadership distinguished themselves from global peers with an openness to new ideas, cultures and best practices, says a Hay Group study released yesterday. General Electric topped the sixth annual global Best Companies for Leadership
      BLOOMBERG FILE PHOTO  -  365 words
    • Article
      Lock icon EDB contest challenges youth to ‘go beta’ for S’pore
      301 8  -  By MAXIE AW YEONG THE Singapore Economic Development Board (EDB) has announced the official launch of a nationwide competition, challenging Singapore’s youth to share their vision of Singapore’s economic future. Launched yesterday by Minister for Foreign Affairs George Yeo, the EDB
      301 words
    • Article
      Lock icon Neste expects renewable fuel unit to post loss
      460 8  -  By RONNIE LIM FINLAND’S Neste Oil which started up its mega S$1.2 billion renewable diesel plant at Tuas in December, with an identical new twin plant in Rotterdam coming onstream this year warned that it expects its renewable fuel division to make
      460 words
    • Article
      Lock icon Dining, entertainment top spending priority
      220 8 FOR the third consecutive year, consumers in Singapore have indicated dining and entertainment as their top spending priority, according to the MasterCard Survey on Consumer Purchasing Priorities. Survey results show 74 per cent of the 401 Singapore consumers polled would spend on dining and entertainment
      220 words
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      642 8 [SAT3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PACIFIC VI PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REG. NO. *****3498N Extract of the Minutes of an Extraordinary General Meeting of PACIFIC VI PTE. LTD. signed by the Representative of the Holding Company
      642 words
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  • SME Inc
    • Article, Illustration
      Lock icon When strength beats size
      1036 9  -  Starting from a small signage business, Expand Construction is now handling projects worth about $60 million, reports IDAYU SUPARTO ACCORDING to Expand Construction, becoming “great” is not about size but strength; hence its quest for a top rating and exposure to more market sectors. Taking on
      ARTHUR LEE  -  1,036 words
    • Article, Illustration
      Lock icon Relationships are key for Lian Soon Construction
      1066 9  -  By KAREN NG THE notion of guanxi comes to mind when one thinks of doing business in China. But in Singapore, there are players that swear by it too. After all, guanxi is simply Chinese for “relationship”. And good relationships are important in
      ARTHUR LEE  -  1,066 words
    • Article, Illustration
      Lock icon A simple truth about fashion retailing
      1058 10  -  Jay Gee believes in managing brands well and in providing the best services and products to customers, reports CLEMENT QUEK IN the fashion retail industry where competition is intense, one way to stay ahead is keeping the business simple, said Jay Gee Enterprises’ managing
      ARTHUR LEE  -  1,058 words
    • Article
      Lock icon APEA to honour companies which show staying power
      263 10 THE annual Asia Pacific Entrepreneurship Awards (APEA) 2011 are now open for nomination, Enterprise Asia and the APF Group say. This year’s awards will specially recognise businesses which have used the global downturn to propel themselves for the coming upturn. Nominations for
      263 words
    • Article
      Lock icon Strategies for the smaller players
      983 10 ASK THE PROF Q: I am a budding entrepreneur, having won a recent global business plan competition and started several small business outfits. From a marketing perspective, how is it that small businesses could strategise their tiny resources to compete against the giants in the
      983 words
    • Article, Illustration
      Lock icon More measures to help SMEs please
      1003 11  -  Local businesses are hoping that Budget 2011 will create a conducive environment that will spur their growth COMMENTARY By CHIU WU HONG, HO KAH CHUAN The writers are, respectively, partner and senior manager of tax services at KPMG. The views expressed are their own
      STOCK.XCHNG  -  1,003 words
    • Article, Illustration
      Lock icon 4 local firms in list of hottest startups globally
      596 11 FOUR local firms have made it to this year’s Red Herring Global Top 100 awards, including one that is a spin-off from a research institute here. D-SIMLAB Technologies, which was spun off from the Singapore Institute of Manufacturing Technology in 2006,
      FILE PHOTO  -  596 words
    • Article, Illustration
      Lock icon Transmex makes tracking cut, expects to start IPO process
      535 11  -  It’s looking for strategic partners that can add value, open new markets By RONALD HEE TRANSMEX may be a young firm, having been founded only in 2004, but it is one with big ambitions. The security solutions provider is considering an
      535 words
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      105 10 Voices We are extending the deadline to last week’s topic: “As the Chinese New Year comes with a string of holidays, overtime costs and workplace closures, how has your company responded to this festive period? Do you see it as a boon, a bane or something in-between?” If you are
      105 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon No pressure yet for Bernanke to raise rates
      733 12 Analysts predict the Fed will maintain its easy money policy despite rising prices Bloomberg [WASHINGTON] Investors are betting with Ben Bernanke that surging food and energy prices won’t accelerate US inflation, allowing him to maintain the easy money policy. Their forecast shows
      Bloomberg; AP  -  733 words
    • Article, Illustration
      Lock icon Britain’s central banker feels the heat
      803 12 Mervyn King gets flak as economic woes pile up NYT [LONDON] A central banker need not be loved, but at the least he should command respect and in Britain these days Mervyn King cannot count on either. Mr King, the donnish governor of the
      NYT; BLOOMBERG  -  803 words
    • Article
      Lock icon Obama turns from Egypt to US economic troubles
      466 12 AP [WASHINGTON] For now, the fever appears to be breaking in the Egyptian crisis, allowing President Barack Obama to turn back to pressing US economic troubles and the impending political battles over solutions to America’s huge and threatening debt burden. The overt
      AP  -  466 words
    • Article
      Lock icon Aussie Q4 retail sales dip after four quarters of gain
      534 12 However, Jan job ads still strong despite floods Reuters [SYDNEY] Australian retail sales were surprisingly subdued in December and dipped for the last quarter as a whole as the rising cost of living and higher mortgage rates curbed consumption in
      Reuters  -  534 words
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  • NATURE'S WRATH
    • Article, Illustration
      Lock icon Perth area declared disaster zone as fire razes homes
      625 13 About 440 hectares burned; outlying suburbs of state capital face threat Bloomberg AFP [PERTH] Western Australia’s state premier, Colin Barnett, declared an area near the state capital of Perth a natural disaster zone after a bushfire raging out of control on
      Bloomberg; AFP; AP  -  625 words
    • Article
      Lock icon Summer of disasters takes its toll on Gillard govt
      606 13 Reuters [CANBERRA] The Australian government’s support has slipped to dangerously low levels following a summer of natural disasters and as Prime Minister Julia Gillard fights for a new tax to pay for flood and cyclone reconstruction, a new poll found yesterday.
      Reuters  -  606 words
    • Article
      Lock icon When a storm upsets the Weather Channel’s plans
      314 13 NYT [NEW YORK] The Weather Channel had a new prime time hit last week: the weather. The storm that swept across the country spurred hours of additional live coverage, and almost tripled its prime time ratings. As the storm brought blizzard conditions
      NYT  -  314 words
    • Article
      Lock icon Australia reassesses budget after cyclone
      647 13 It must cut some govt programmes to pay for rebuilding Bloomberg [PERTH] Australia will have to cut spending on some government programmes to pay for rebuilding after Tropical Cyclone Yasi hit Queensland state last week, said Treasurer Wayne Swan, echoing comments from other top leaders.
      Bloomberg  -  647 words
    • Article, Illustration
      Lock icon Sugar shortage looms as storm ruins Aussie crop
      782 13 Bloomberg [MELBOURNE] World sugar output will probably fall short of demand, says Rabobank, after a cyclone with winds stronger than Hurricane Katrina destroyed homes and smashed crops in Australia last Thursday, driving prices to 30-year highs. Tropical Cyclone Yasi ripped through northern
      Bloomberg  -  782 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Indonesia’s GDP surges 6.9% in Q4
      539 14 Strong growth may prompt steeper rate hikes to fight inflation Reuters [JAKARTA] Indonesia’s economy grew 6.9 per cent year on year in the fourth quarter of 2010, the strongest pace in six years, blowing past expectations and increasing the chances of steeper rate hikes
      Reuters  -  539 words
    • Article
      Lock icon Malaysian palm oil exports set to resume after floods
      217 14 Reuters [KUALA LUMPUR] Malaysian palm oil exports are set to pick up this week as floods recede in a key producing region although heavy rains continue to pound other oil palm growing areas, raising the threat of weaker yields, planters and
      Reuters  -  217 words
    • Article, Illustration
      Lock icon Refined tin production dips at PT Timah but profit soars
      580 14 Miner posts 802.4b rupiah net profit in 2010 Reuters [JAKARTA] Indonesia’s state-owned PT Timah the world’s largest integrated tin miner, said yesterday that refined tin production fell 10 per cent last year, although profits more than doubled due to soaring
      Reuters  -  580 words
    • Article
      Lock icon UAE pays off for Malaysian firms
      424 14 Bernama [DUBAI] Malaysian companies signed confirmed orders worth up to US$1.47 million and chalked up potential sales of US$212.17 million at the recent Arab Health 2011 exhibition. The Malaysia External Trade Development Corporation (Matrade) said that among the items that showed high potential were
      Bernama  -  424 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon India pegs full year growth at 8.6%
      876 15 Another rate increase seen in March as inflation risks grow fast Bloomberg [NEW DELHI] India’s government predicted the economy will expand the most in three years, supporting the central bank’s case for raising interest rates further after the steepest increases in Asia. The
      Bloomberg; AFP  -  876 words
    • Article, Illustration
      Lock icon US voices concern over India’s trade barriers
      485 15 Though tariffs are down, much needs to be done: Locke Reuters [NEW DELHI] US Commerce Secretary Gary Locke said yesterday that he was concerned about India’s tariff and non-tariff barriers, highlighting the hurdles in boosting bilateral trade despite their growing economic and security
      Reuters  -  485 words
    • Article, Illustration
      Lock icon Good weather and robust prices boost India’s rubber output
      394 15 Bloomberg [MUMBAI] Natural rubber output in India, the fourth-biggest producer, has gained 2.8 per cent in the 10 months through January as favourable weather and record prices boosted production, the state-run Rubber Board said. Production totalled 749,950 tonnes in the April-January
      Bloomberg; BLOOMBERG  -  394 words
    • Article
      Lock icon Audi to form vehicle finance arm in India
      268 15 Bloomberg [MUMBAI] Audi AG, the luxury unit of Volkswagen AG, plans to form an auto finance arm in India after offering car loans helped rival Bayerische Motoren Werke AG become the country’s biggest luxury car seller last year. Audi plans an announcement
      Bloomberg  -  268 words
    • Article
      Lock icon Cairn Energy aims to complete India asset sale by April
      506 15 Talks to approve US$9.6b sale moving smoothly Bloomberg [NEW DELHI] Cairn Energy plc expects to complete the US$9.6 billion sale of its Indian unit to Vedanta Resources plc by mid-April as talks between the two companies and the oil ministry
      Bloomberg  -  506 words
    • Article
      Lock icon Macau’s VIP junket risk spooks investors
      458 15 Reuters [HONG KONG] Macau’s booming gaming enclave, heavily reliant on the high-rolling VIP sector, is likely to lose favour with some investors on concern over liquidity, which sparked a sell-off in shares of Wynn Macau Ltd yesterday. Wynn Macau, a unit of gambling tycoon
      Reuters  -  458 words
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  • WORLD
    • Article
      Lock icon AOL to buy Huffington Post for US$315m
      521 16 New media group, to be led by Arianna Huffington, will have 117m users in US Reuters [WASHINGTON] AOL Inc has agreed to buy The Huffington Post, the influential and rapidly growing news, analysis and lifestyle website, for US$315 million, the struggling US Internet
      Reuters  -  521 words
    • Article, Illustration
      Lock icon Cheapest loan rates fuelling leveraged buyouts in US
      766 16 Bloomberg per cent at the end of last year from 12 per cent in 2009, Moody’s said in a Jan 7 report. JPMorgan forecasts the default rate to end this year at 2 per cent and climb to 3 per cent in
      Bloomberg; BLOOMBERG  -  766 words
    • Article, Illustration
      Lock icon Disney takes baby steps to rope in new mums and dads
      764 16 NYT [LOS ANGELES] The Walt Disney Co has started an ambitious and risky march towards the one corner of childhood it does not already dominate: newborns. Late last month, the company quietly began pressing its newest priority, Disney Baby,
      NYT; AFP  -  764 words
    • Article
      Lock icon Asia’s mid-size funds to soak up spillover from big boys
      718 16 Larger funds have stopped accepting money from clients Reuters [HONG KONG] Mid-sized Asian hedge funds are poised to receive major money inflows this year, as some of the region’s biggest managers shut doors to new investors on fears that running
      Reuters  -  718 words
    • Article
      Lock icon South Korea to introduce carbon trading plan from 2013
      345 16 Reuters [SEOUL] South Korea says it aims to introduce a national emissions cap-and-trade scheme from 2013 in a “flexible” manner, despite steadfast industrial opposition. “The government plans to introduce the emissions trading scheme at an opportune time after thoroughly sounding out
      Reuters  -  345 words
    • Article, Illustration
      Lock icon US won’t predict when Mubarak will go
      752 17 His immediate departure could hurt reform process, says Clinton EGYPT IN TURMOIL AP [WASHINGTON] Even as the White House tries to prepare for an Egypt without long-time US ally Hosni Mubarak, it won’t be drawn into predicting when the Egyptian president will step
      AP; AFP  -  752 words
    • Article
      Lock icon Foreign capital flows out of Saudi markets
      418 17 Reuters [DUBAI] Foreigners withdrew more than one billion riyals (S$350.6 million) from Saudi Arabia’s markets as unrest in Egypt fuelled concern about the stability of the region, a top executive at Jadwa Investment Bank said. Turmoil in Egypt, which sparked a region-wide slump
      Reuters  -  418 words
    • Article
      Lock icon Egyptians abroad look on in amazement
      519 17 Opinion divided on whether Mubarak will stick to promise AP [CAIRO] The plane was nearly empty last Saturday when it took off en route to Cairo. Most people have gone in the other direction, escaping the chaos surrounding mass protests demanding President Hosni Mubarak’s
      AP  -  519 words
    • Article, Illustration
      Lock icon Group outlawed and feared for years set to play a big role
      817 17 Reuters [CAIRO] The first time Essam El Erian went to jail, he was 27. Last Sunday, he left prison for the eighth time at the age of 57. The medical doctor’s crime for each incarceration was belonging to
      Reuters; AP  -  817 words
    • Article, Illustration
      Lock icon Asia must raise interest rates, and quickly: Roach
      466 18 Aggressive monetary tightening is only way to beat inflation, he says Bloomberg [SINGAPORE] Asia’s fight against price gains lacks “urgency” and policy makers need to raise interest rates more aggressively to restrain inflation expectations, Morgan Stanley Asia’s Stephen Roach said. Officials in
      Bloomberg; BLOOMBERG FILE PHOTO  -  466 words
    • Article
      Lock icon Danish govt takes over Amagerbanken
      415 18 Bloomberg [COPENHAGEN] Amagerbanken A/S, a 108-year-old Danish lender with 115,000 clients, was taken over by the state after a surge in losses on property loans prevented it from meeting a deadline to prove it was solvent. The government’s Financial Stability Company will take over the
      Bloomberg  -  415 words
    • Article, Illustration
      Lock icon Nasdaq systems breach may hit its other units
      645 18 It says hacking not related to system handling trades NYT [NEW YORK] As the company that runs Nasdaq sought to reassure the public after revealing a computer breach to one of its systems, analysts said that the lingering effects may be to
      NYT  -  645 words
    • Article, Illustration
      Lock icon Jobless Americans in quandary despite market rebound
      835 18 AP [WASHINGTON] The US labour force has been split into two groups: the relieved and the desperate. Those who have a job can exhale; they are less likely to lose it than at any point in at least 14 years. However, for the
      AP; AFP  -  835 words
    • Article
      Lock icon Russia counts on reserve ratios to curtail inflation
      383 18 Bloomberg [MOSCOW] Russia, the only one of the so-called BRIC countries without capital controls, is following China and Turkey in relying on reserve requirements to drain cash from the economy and avoid luring more speculative investment. “We stand ready to continue increasing
      Bloomberg  -  383 words
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  • AVIATION
    • Article, Illustration
      Lock icon Airline losses may top US$600m on record US cancellations
      614 19 Nearly 20,000 flights scrubbed last week and almost 90,000 hit since Nov 1 Bloomberg [DALLAS] Airlines may be headed for more than US$600 million in weath-er-related losses as US winter storms trigger the most flight cancellations since the government began tracking
      AFP FILE PHOTO  -  614 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3290 19 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 KU6458 1425 SQ458 1425 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 MU8213 1830 QF81 1830 Ahmedabad NH6292 1850 --SQ530 1850 Amsterdam LO4031 0605
      3,290 words
    • Article
      Lock icon UK airlines oppose sale of air traffic control
      283 19 They fear weakening influence over EU air traffic policy Reuters [LONDON] British airlines do not want the government to reduce its dominant stake in the country’s air-traffic control system below 25 per cent, a consortium of carriers which jointly owns the system
      Reuters  -  283 words
    • Article
      Lock icon Qantas may add routes to regain share
      458 19 Bloomberg [MELBOURNE] Qantas Airways Ltd, the worst performer last year among the 29 stocks in the Bloomberg World Airlines Index, is preparing to revamp international operations and may add routes to regain market share from rivals Emirates Airline and Virgin Blue Holdings Ltd.
      Bloomberg  -  458 words
    • Article
      Lock icon Aircell raises US$35m ahead of likely IPO
      239 19 Bloomberg [SAN FRANSCISCO] Aircell LLC, the largest provider of Internet service on airplanes, has raised US$35 million to help bolster its network and sign up more customers ahead of a likely initial public offering. The funding, from current investors Ripplewood Holdings LLC and
      Bloomberg  -  239 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      326 19 CRYPTIC CROSSWORD Across 1 Settlement is potentially put at risk (10) 6 Mark’s love kicked off film award (4) 9 Doctor of French left a poser (5) 10 Discredited journalist chasing each poor writer (9) 12 Can lease be adjusted, after profit from retail activity? (9,4) 14 Half of locals
      326 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    3477 20 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.
    3,477 words
  • Page 20 Advertisements
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      Lock icon Page 20 Advertisements Column 1
      27 20 Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 —~THE BUSINESS TIMES SHIPPING TIMES
      27 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Cyclone Yasi spares Aussie coal industry
      378 21 Port and mines that were shut due to the cyclone re-opens Reuters [PERTH] Australia’s coal industry, still recovering from devastating floods in Queensland, was largely spared by Cyclone Yasi last week, with both mines and coal export ports that were shut due to the
      Reuters; REUTERS  -  378 words
    • Article
      Lock icon Indonesian minister ends delay in coal exports
      341 21 Licensing problems have been settled, he says Xinhua [JAKARTA] Indonesian Energy and Mineral Resources Minister Darwin Zahedy Saleh said that there should no longer be any “disturbances” affecting coal exports as licensing problems that had caused shipping delays in recent weeks have been
      Xinhua  -  341 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 21 SGX '000 Feb 7 S$ +/-Vol CH Offshore 0.51 0.01 150 Chuan Hup Hldg unch unch 0 Cosco Corp 2.25 -0.03 4298 CWT Ltd 1.26 unch 3089 Ezra Hldgs 1.69 -0.02 2858 First Ship Lea 0.44 unch 822 Freight Links 0.07 unch 1955 Grand Banks unch unch 0
      278 words
    • Article
      Lock icon South Korean shipyards undergo revamp
      551 21 Fewer yards with new orders, stronger demand for small ships drive move Xinhua [SEOUL] South Korea’s shipbuilding industry has been under massive restructuring since 2006 as global shipbuilders are undergoing one of the biggest structural changes in their history. Small shipyards have been undergoing restructuring
      Xinhua  -  551 words
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      29 21 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES
      29 words
    • Advertisement
      Lock icon Page 21 Advertisements Column 2
      187 21 Register before 28 Feb enjoy a 10% discount T; Singapore College of Insurance s4.ii.it :E PROGRAMME 2011 MARINE INSURANCE A Comprehensive Study of the Main Marine Risk Classes and the Current Insurance Issues in the Maritime World 30 June, 1, 4 5 July 2011 (9am-5pm daily) Led by Mr Stephen
      187 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Banks should depend less on property loans
      441 22 EDITORIAL BANK lending in Singapore has surged, but there is much to suggest caution beneath the eye-catching numbers. Lending by banks rose by 14.7 per cent last year, the Monetary Authority of Singapore (MAS) said last week, and the growth beat analysts’ earlier
      441 words
    • Article, Illustration
      Lock icon India well on its way to be the world’s small-car hub
      831 22  -  THE BOTTOM LINE YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT INDIA may be on its way to becoming the world’s compact vehicle maker. The world’s major car companies have been setting up new
      831 words
    • Article, Illustration
      Lock icon Barack Obama and the Muslim world
      968 22  -  His early promise to stand with democratic forces and against dictators is sounding hollow By AASIM SAJJAD AKHTAR The writer is assistant professor of political economy at Quaid-e-Azam University, Islamabad IT HAS been a little more than two years since the world was wowed
      AP  -  968 words
    • Article, Illustration
      Lock icon Drawing private equity funds to Singapore
      1207 23  -  There’re still several kinks that need to be ironed out to make the republic a more attractive choice By ANUJ KAGALWALA TAN HUI CHENG Anuj Kagalwala is a partner and Tan Hui Cheng a senior manager at Tax Financial Services, PricewaterhouseCoopers Services LLP (Singapore)
      STOCKXCHNG  -  1,207 words
    • Article, Illustration
      Lock icon Natural gas supplies set to shake up oil markets
      647 23  -  Newfound unconventional gas reserves will reduce market power of oil companies, cartels By JOHN DEUTCH John Deutch is Institute Professor of Chemistry at the Massachusetts Institute of Technology and former US Undersecretary of Energy, Deputy Secretary of Defence, and director of
      BLOOMBERG  -  647 words
    • Article
      Lock icon Factor inflation into aid to the lower-income
      255 23  -  LETTER TO THE EDITOR Leong Sze Hian I WOULD like to applaud the prime minister’s recent statement that the government is zeroing in on low-income households to ensure that they can cope with the rising cost of living. It could not have come
      255 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8953 24 Transaction date: Feb 7 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 19 19.5 1.7 9.5 6.1 91 12 4.5 5834 A-Sonic 6 unch 762
      8,953 words
    • Article
      Lock icon SGX CATALIST
      1671 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 7 4 1181 t AA Grp 5.5 5 5.5 30.6 5.3 225 130 6222 t APStrategic 163 157 163 96.7 2 0.5
      1,671 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9484 25 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.36/ APS Alpha Fund (USD)!** 1.07/ APS Alpha Fund Cl B SGD!** APS Alpha Fund Cl B USD!** AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund
      9,484 words
    • Article
      Lock icon SGX ETF
      894 25 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 $mil 124 108 6389 ABF SG Bond ETF 110 -2 32 111 110 109.5 110 502.1 1070 761 CIMBAsean40 100US$ US1027 +38 45 1035 1027
      894 words
    • Article
      Lock icon GLOBALQUOTE
      258 25 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 $mil 56 38 6000 AVJennings A50 +2 25 53 50 49 50.5 3.6 7 4 130.2 55 16 6017 Genting HK US$ US44.5 -1 ***** 46
      258 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 26 In local curr In S$ In US$ dy yr dy yr dy yr Feb 4 Index Change Change Change Change Change Change World Index Preliminary 930.1 0.1 3.6 -0.1 3.3 -0.1 3.8 EAFE Preliminary 828.9 0.4 3.5 0.0 3.4 0.0 3.9 Europe Preliminary 1209.9 0.3
      374 words
    • Article
      Lock icon INTERBANK RATES
      178 26 Feb 7 $S Offer Bid 0vernight 0.02 par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.01 US$ 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 0.56 0.46 9 months 0.80 0.60 12
      178 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Feb 7 S$ Bid Offer 1-month 1.2753 1.2763 2-months 1.2752 1.2762 3-months 1.2751 1.2762 6-months 1.2749 1.2759 Source: OCBC
      22 words
    • Article
      Lock icon SICOM FUTURES
      135 26 Feb 7 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 11 605.0 602.0 605.0 12 Apr 11 605.0 May 11 605.0 Jun 11 603.0 598.0 603.0 12 Jul 11 603.0 20 Aug 11 603.0 Sep 11 603.0 Oct
      135 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      83 26 Feb 7 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 12.05.2011 0.34 0.36 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*****0V 1.625 01.04.2013 102.38 102.50 102.37 5-Year N*****0S 2.875 01.07.2015 106.85
      83 words
    • Article
      Lock icon CHICAGO BOT
      107 26 Feb 4 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 11 1433.50 1435.50 1442.75 1422.25 May 11 1444.00 1445.75 1452.50 1432.50 Jul 11 1450.00 1451.00 1456.50 1437.75 Aug 11 1422.50 1421.25 1424.50 1412.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 11 58.98
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 26 CRUDE OIL PRODUCTS Feb 4 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 100.74 -1.82 WTI (Near Mth) 88.94 -1.78 Dubai (1-Mth F) 97.22 -0.93 Tapis blend 106.55 -0.10 Minas 102.55 -0.10 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 95.33 unch Jet Kerosene 116.40 unch US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2419 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 27.5 -1 110 1 10 -6 1.45 57 6221 Asia-Pacific Strat W*****6 30.5 3 2 1 150 11 5.34 39 6227 ASJ Hldgs W*****1 3 1
      2,419 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 Feb 07 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.334 1.259 Can dollar 1.315 1.265 Euro 1.766 1.699 Sterling pound 2.093 2.013 NZ dollar 1.01 0.962 US dollar 1.294 1.245 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon STOCK INDEX FUTURES
      25 26 Feb 7 Open High Sett STI Feb 3193 SIMSCI Feb 382.7 383.4 378.5 Taiwan Feb closed Source: MF Global (S) Pte. Ltd
      25 words
    • Article
      Lock icon PALM OIL
      67 26 Feb 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 11 3920 3910 3920 3900 113 2434 Mar 11 3933 3890 3935 3880 1669 ***** Apr 11 3914 3868 3915 3861 ***** ***** May 11 3875 3832
      67 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      420 26 Feb 7 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.6600 0 3977 Jun11 99.5650 0 1724 Sep11 99.4150 0 2814 Dec11 99.2050 0 649 EUROYEN TIBOR FUTURES Mar11 99.6625 0 5210 Jun11 99.6475 0 1222 Sep11 99.6350 0 786 Dec11 99.6000 99.6000 99.6000 99.6150 0
      420 words
    • Article
      Lock icon INTERBANK CROSS RATES
      464 26 Feb 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.001 6.644 0.745 7.883 46.151 90.818 0.835 11.670 3.076 1.318 86.585 44.184 1.292 7.344 0.970 29.400 31.117 0.627 1.013 Canada 0.999 6.638
      464 words
    • Article
      Lock icon SIBOR
      85 26 Feb 7 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon PRECIOUS METALS
      140 26 Feb 7 GOLD (US$/oz) Feb 02 Feb 07 Hong Kong 1339.00 1350.00 Feb 03 Feb 04 London 1332.97 1347.70 1333.74 1348.50 Source. Thomson Reuters CAST BAR Feb 07 (S$) Selling Buying Kilobar 59,391.42 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 133 55 5gm 378 277 10gm 675
      140 words
    • Article
      Lock icon LONDON METALS
      69 26 Feb 4 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2525.00 2513.75 3 months 2541.00 2528.00 Copper, Grade A (US$/tonne) Cash *****.00 9943.75 3 months *****.00 9930.00 Lead (US$/tonne) Cash 2650.00 2618.50 3 months 2584.00 2554.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 26 Feb 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2913 1.2930 1.0125 1.0130 Canadian dollar 1.2902 1.2920 1.0116 1.0122 Euro 1.7328 1.7342 1.3586 1.3587 NZ dollar 0.9795 0.9816 0.7680 0.7690 Sterling pound 2.0596 2.0615 1.6149 1.6151
      154 words
    • Article
      Lock icon LIFFE
      82 26 Feb 4 COCOA (£/tonne) Close Prev High/Low Mar 11 2139 2191 2183/2128 May 11 2125 2173 2165/2116 Jul 11 2113 2157 2143/2102 Sep 11 2102 2139 2130/2091 COFFEE (US$/tonne) Close Prev High/Low Mar 11 2207 2239 2233/2195 May 11 2237 2268 2260/2225 Jul 11 2251 2280 2270/2241 Sep 11
      82 words
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  • PROPERTY
    • Article, Illustration
      Lock icon New life for Manhattan’s financial district
      1070 27 Finance still dominates the neighbourhood, but Lower Manhattan has changed over the past 10 years NYT [NEW YORK] Next year, Fidelity Investments will move from Lower Manhattan to Jersey City. Deloitte Touche, the auditing and financial advisory firm, is also leaving the area, for
      NYT; REUTERS  -  1,070 words
    • Article
      Lock icon Property derivatives trading hits a low
      397 27 Global volume now at its lowest since Q4 of 2005 Reuters [LONDON] Global property derivatives trading plunged to its lowest quarterly level in five years last quarter, with nagging economic uncertainty across Europe and a tighter regulatory regime affecting confidence, a survey found. Investment
      Reuters  -  397 words
    • Article, Illustration
      Lock icon US facing a Jekyll and Hyde market
      1418 28  -  Homeowners are suffering but for investors in commercial property, the real estate market is back By ANDREW MARKS By in New York THE US real estate market remains a huge albatross on the recovering economy’s back largely due to underwater homeowners suffering with
      BLOOMBERG  -  1,418 words
    • Article, Illustration
      Lock icon Equally at ease at Nassim or Chomp Chomp
      523 28  -  By KALPANA RASHIWALA HANO Maeloa is just at ease sipping fine wine in his house at Nassim Road as eating at hawker centres. His favourite hawker food is carrot cake at Chomp Chomp in Serangoon Gardens. His most expensive wine investment is
      YEN MENG JIIN  -  523 words
    • Article
      Lock icon CBRE posts strong 2010 showing
      359 28  -  By UMA SHANKARI PROPERTY firm CB Richard Ellis (CBRE) reported strong earnings and revenue growth for 2010 on the back of more deals handled in the Asia-Pa-cific region. CBRE, which is listed on the New York Stock Exchange, said that net income jumped more than
      359 words
  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      231 27 MEBGyver Tired of making endless calls in search for your dream house? We made it hassle-free for you! Introducing "FAST" (First Automated SMS Transponder) Just SMS to *****000 receive full info! It's really just that simple! Let your fingers do the talking, we'll do the rest! EXPERIENCE it now! TERRACES
      231 words
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      Lock icon Page 27 Advertisements Column 2
      126 27 FOR SALE BY TENDER Regent Court 1091 Serangoon Road GEORGERD JALAN TAMANE ST. MICHAEL RD WHAMPOA SO U T H REGENT COURT Site Area 3609.9 sqm (38,856.96 sqft) Zoning Residential Plot Ratio 2.8 Freehold Near Boon Keng MRT SERANGOON ROADWHA RDSUNGEI WH ST. Tender Closing Date: 3 March 2011, 3pm
      126 words
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      Lock icon Page 27 Advertisements Column 3
      208 27 FORSALEBYTENDER PRIMEFREEHOLDLAND@ MARGATEROAD Prime D15 Freehold Site Total site 2,229.8sqm approximately Masterplan Plot Ratio 2.1 Regular Plot size Close Proximity to City Centre, Marina Sands and East Coast Park Ideal for Landbanking Potential for up to 60 apartment units Mountbatten MRT MOUNTBATTEN RD Eton House International School Goodman Rd Chung
      208 words
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  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      79 28 For Sale By Tender Rare Commercial Site Near Bugis MRT Station Not drawn to scale. For reference only. North Bridge Commercial Complex at 470 North Bridge Road, Singapore Opposite Inter-Continental Hotel Bugis Junction Site area 1,079.1 sm (11,615 sf approx) MP 2008 Commercial, Plot Ratio 4.2 Existing GFA 6,188.67 sm
      79 words