The Business Times, 16 February 2011

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Microfilm: NL31046
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 Sjil A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, February 16,
    23 words
  • Article, Illustration
    Lock icon GIC wants tasty hotel fare worth US$1.5b
    852 1  -  It’s bidding to buy resorts like Doral from hedge fund star John Paulson By LEE U-WEN [SINGAPORE] The Government of Singapore Investment Corp (GIC) has tabled a US$1.5 billion offer for a group of five posh but bankrupt resorts in the US. The
    852 words
  • Article
    Lock icon MARKETS DIGEST
    141 1 H ST INDEX 3,080.66 (-23.76) H ST INDEX FUTURES 3,077 (-28) HSIMSCI 364.99 (-2.37) HSIMSCI FUTURES 363.40 (-4.10) FOREX US$ S$ US$ (S$ per US$) 1.282 (US$/S$ per 1.603 2.054 EURO (US$/S$/E) 1.348 1.727 Foreign currency per US$ S$ YEN 83.60 65.20 RM 3.054 2.382 HK$ 7.795 6.082
    141 words
  • Article, Illustration
    Lock icon SGX plays new board game to seal ASX deal
    941 1  -  It proposes a merged entity with equal number of Australian, S’porean directors By LYNETTE KHOO [SINGAPORE] To sweeten its bid for the Australian stock exchange, the Singapore Exchange (SGX) is making a takeover move look like a marriage of equals. It
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  • TOP STORIES
    • Article
      Lock icon Jan private home sales down 11 % as new rules take effect
      632 2  - Jan private home sales down 11 as new rules take effect Some consultants expect developers to sell around 1,000 units or less in Feb By EMILYN YAP [SINGAPORE] Developers managed to sell a respectable 1,189 private homes in January down 11 per cent from 1,332 in December as measures to
      632 words
    • Article, Illustration
      Lock icon Egypt urges end to strikes, seeks global aid to push recovery
      568 2 [CAIRO] Egypt yesterday called for international support to speed its recovery after its military rulers urged an end to labour strikes that have erupted since the overthrow of President Hosni Mubarak. The worker protests that had gripped the country
      AFP  -  568 words
    • Article
      Lock icon BHP offered to trade China info: Wikileaks
      370 2 US cables showed CEO made offer to American diplomat Reuters [SYDNEY] Anglo-Austra-lian miner BHP Billiton once offered to trade intelligence with Washington on China, its most important market, an Australian newspaper said yesterday, citing leaked US cables obtained from Wikileaks. The Sydney Morning
      Reuters  -  370 words
    • Article
      Lock icon Clarification
      83 2 IN the report “Singapore tops ranking of Asian Green cities” (BT, Feb 15), Singapore was mentioned as having an average water consumption of 309 litres per person per day. The PUB has clarified that each Singaporean uses 154 litres of water a day on average. Total domestic and non-domestic
      83 words
    • Article
      Lock icon More super yachts to drop anchor in S’pore
      489 2  -  Arrival numbers expected to hit 130 this year By JOYCE HOOI [SINGAPORE] As Singapore readies itself to be the Monaco of the East, the number of superyacht arrivals in Singapore is targeted to jump by more than 50 per cent, from 81
      489 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      591 2 SGX plays new board game to seal ASX deal TO SWEETEN its bid for the Australian stock exchange, the Singapore Exchange is making a takeover move look like a marriage of equals. It has decided to give the two sides equal representation on the board of the merged
      591 words
    • Article
      Lock icon China Jan inflation lower than expected
      489 4 But central bank may stick to monetary tightening as price pressures remain: economists Reuters [BEIJING] Chinese inflation was lower than expected at 4.9 per cent in the year to January, but price pressures continued to build and will force the central bank to stick
      Reuters  -  489 words
    • Article, Illustration
      Lock icon Ecuador court fines Chevron US$9.5b
      480 4 Firm is responsible for oil drilling contamination AP [QUITO, Ecuador] An Ecuadorean judge ruled on Monday in an epic environmental case that Chevron Corp was responsible for oil drilling contamination in a wide swath of Ecuador’s northern jungle and ordered the oil giant to pay
      AP; PHOTO: REUTERS  -  480 words
    • Article
      Lock icon Unrest in the Arab world gains momentum
      825 4  -  Clashes take place in Bahrain, Yemen and Iran By MALMINDERJIT SINGH AFP [SINGAPORE] The unrest in the Arab world gained further momentum yesterday as thousands of protesters took control of a main square in Bahrain’s capital in an Egypt-style rebellion, while pro-regime supporters
      AFP  -  825 words
    • Article
      Lock icon Tuas Power secures coal supplies
      505 4  -  It has started to tie up deals with Indonesia producers By RONNIE LIM [SINGAPORE] China Huaneng-owned Tuas Power (TP) which is building Singapore’s first clean coal/ biomass-firing multi-utili-ties plant has started to tie up long-term coal supply deals with producers in Indonesia. TP’s president and
      505 words
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      77 words
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      460 3 iU Lm i R 11 HSBC's renminbi time deposit. Now you can access renminbi from Singapore's shores. Renminbi, the currency of one of the world's fastest growing economies, is now more within your reach than ever-with HSBC's renminbi time deposit. Having established our presence in China for over 145 years,
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      Lock icon Page 4 Advertisements Column 1
      115 4 Chevrolet.com.sg CRUZE1.6A LS WITH NAVTRAK: QUICKER, SMARTER 4Vt *GP5. DVD. MP3. REVERSE CAMERA. TOUCHSCREEN. More power (122 BHP) on less fuel, more features as standard equipment. From the voice navigation on its integrated CPS system to the Reverse Parking Assist Camera, the NAVTRAK infotainment system makes driving a wonderful experience
      115 words
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  • COMPANY NEWS
    • Article
      Lock icon Great Eastern to return $364m to shareholders
      548 5  -  Capital reduction will improve equity yield, it says; Q4 earnings drop 43% By CONRAD TAN GREAT Eastern Holdings will return some $364 million in capital or 77 cents per share to its shareholders to improve its return on equity, the insurer said yesterday,
      548 words
    • Article
      Lock icon Can Aust afford to reject SGX deal?
      630 5  -  HOCK LOCK SIEW By R SIVANITHY TO observers who have been tracking the wave of mergers that seems to be engulfing financial exchanges around the world, yesterday’s news that the terms of the Singapore Exchange’s (SGX’s) takeover bid for the Australian Stock Exchange
      630 words
    • Article, Illustration
      Lock icon Keppel Fels bags US$1b jack-up deal
      260 5  -  By JOYCE HOOI KEPPEL FELS has won a deal to build two jack-up rigs for Maersk Drilling an entity that is part of the AP Moller-Maersk Group worth close to US$1 billion. The first of the two ultra-harsh, high-ca-pacity jack-up drilling rigs is scheduled
      260 words
    • Article, Illustration
      Lock icon Hutchison gets conditional SGX green light for IPO
      390 7  -  Spin-off of port assets in HK, China could raise up to US$6 billion By JOYCE HOOI HUTCHISON Whampoa has received conditional approval from the Singapore Exchange (SGX) to list its port assets in what could be Singapore’s largest initial public offering (IPO).
      390 words
    • Article
      Lock icon Outflow from emerging markets will not last, says Citi
      348 7  -  MARKET VIEWS By LINETTE LIM RISING inflation, interest rate hikes and the risk of Egyptian contagion coupled with better economic data coming out of the US are threatening to put a dampener on emerging markets. However, Citi Asia Pacific’s head of
      348 words
    • Article
      Lock icon This is not a bear market: Soc Gen
      449 7  -  By FELDA CHAY THE recent outflow of funds from Asia and back into developed markets is just an underperformance cycle that is unlikely to signify the end of the bull run for funds focused on the emerging region, said Todd Martin, Societe
      449 words
    • Article
      Lock icon UE E&C launches $33.6m IPO
      326 7  -  By TAN SHIHAO SEAN UE E&C Ltd (UECL), a mechanical and electrical (M&E) engineering and construction services provider, aims to raise $33.6 million in gross proceeds from an initial public offering (IPO) on the Singapore Exchange (SGX) mainboard. It is offering 70 million shares at
      326 words
    • Article, Illustration
      Lock icon ST Engg full-year net profit climbs 11%
      519 9  -  Strong performance from all 4 business sectors; dividend of 11.55cts proposed By TEH SHI NING SINGAPORE Technologies Engineering (ST Engg) saw full-year net profit jump 11 per cent to $491 million from $443.9 million a year before, thanks to strong profit growth from
      519 words
    • Article
      Lock icon Olam stock dips 3.9% on ceased merger talks
      757 9  -  By FELDA CHAY NEWS that Olam International’s merger talks with French commodities company Louis Dreyfus Commodities (LDC) have ceased took a heavy toll on its stock price yesterday. The plunge came despite upbeat calls by analysts. The counter dived 16 cents or
      757 words
    • Article
      Lock icon SIA’s Jan passenger load factor dips on capacity increase
      252 9  -  By VEN SREENIVASAN SINGAPORE Airlines’ passenger load factor (PLF) dipped by a percentage point to 78.1 per cent in January from a year ago as capacity increase outpaced passenger carriage growth. The airline recorded 2.9 per cent year-on-year growth in system-wide
      252 words
    • Article
      Lock icon Australand posts A$165.8m full-year net
      719 9  -  It reverses A$298m loss in FY09 due to revaluation deficit on its properties By KALPANA RASHIWALA CAPITALAND unit Australand has reported net profit of A$165.8 million (S$212 million) for the year ended Dec 31, 2010. The earnings include investment property revaluation gains of A$38.9 million.
      719 words
    • Article
      Lock icon STX OSV’s Q4 profit more than doubles
      390 9  -  By JOYCE HOOI OFFSHORE vessel builder STX OSV more than doubled its net profit for the fourth quarter ended Dec 31, 2010, from 133 million Norwegian kroner (S$29.3 million) to 294 million kroner. Operating revenue for the same period, however, fell 12 per
      390 words
    • COMPANY BRIEFS
      • Article
        Lock icon Albedo issues profit warning for FY2010
        60 9 ALBEDO Ltd has warned that it will report a net loss for FY2010. The weaker performance is due to the loss on the disposal of its associate, DS Albedo Sdn Bhd, the official receivership of its 70 per cent owned subsidiary, Thai Tech Steel
        60 words
      • Article
        Lock icon Cosco secures deals worth over US$113m
        28 9 SINGAPORE-LISTED Chinese shipbuilder Cosco Corp (Singapore) said yesterday it had won contracts worth over US$113 million to build special purpose carriers. Reuters
        28 words
      • Article
        Lock icon Kum family plans hospitality Reit: report
        87 9 SINGAPORE’S Kum family plans to list a hospitality real estate investment trust (Reit) on the Singapore Exchange in the second quarter of this year to raise around S$450 million, IFR reported yesterday. M&L Reit will comprise hotel assets in Australia, Japan and Singapore. Two
        87 words
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      152 words
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      476 6 INITIAL PUBLIC OFFERING SUBSCRIBE NOW! Offering closes on 22 February 2011, 12 noon UE E&C LTD. (Company Registration Number: *****5048D) (Incorporated in the Republic of Singapore on 9 March 2010) 70,000,000 Offering Shares (subject to the Over-allotment Option) Offering Price: S$0.48 per Offering Share Corporate Profile We are an established
      476 words
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      368 7 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
      368 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon No surprises as STI falls back
      562 8  -  Index sheds 23.8 points after Monday’s short-covering bounce; year-to-date loss at 110 points STOCKS R SIVANITHY Senior Correspondent OUR Monday column wrote of the likelihood of a short-cov-ering bounce that would most probably prove shortlived. As it turned out, this was exactly the case
      Source: Bloomberg  -  562 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 9 5 0 0 0 3 9 5 Manufacturing 19 112 57 5 8 12 24 120 69 Commerce 7 37 24 3 5 7 10 42 31 Tpt/Stor/Comms 9 24 11
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 41,182 41,182 116,172 116,172 Manufacturing 402,827 32,454 435,281 261,372 1,515 262,887 Commerce 86,056 16,679 102,735 156,884 2,187 159,071 Tpt/Stor/Comms 107,965 2,438 110,403 171,135 611 171,747 Finance 34,084 34,084 218,824 218,824 Construction 55,029 23,407 78,436 7,803
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      107 8 Stock name Close Change CapMallsAsia 1.930 +0.020 CapitaLand 3.370 CapitaMall 1.830 CityDev 10.720 -0.200 ComfortDelGro 1.560 DBS Grp 14.940 -0.040 F&N 6.000 Genting SP 1.990 -0.030 Golden Agri 0.695 -0.010 HK Land 6.690 -0.180 JMH 44.660 -0.140 JSH 26.720 -0.260 Jardine C&C 31.580 -0.500 Keppel Corp
      107 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      64 8 Feb 15 VALUE CLOSE BT OB/OS -643.00-182.00 BT CADI -*****.00-259.00 BT 10-day MA -*****.00 -64.00 FTSE ST Mid Cap 772.91 -8.99 FTSE ST Small Cap 578.14 -10.99 FTSE ST All Share 764.29 -6.91 FTSE ST China Top 281.74 -6.90 FTSE ST China 307.56 -5.77 FTSE ST Catalist
      64 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 8 Clob VOLUME Genting SP 170,614,000 Golden Agri 84,914,000 ChinaGaoxian 70,918,000 AIMSAMPIReit 42,556,000 UniFiber 27,656,000 Noble Grp 24,688,000 Olam 24,213,000 TopGlobal 23,260,000 Gallant 22,770,000 Midas 21,434,000 VALUE($) Genting SP 341,787,080 OCBC Bk 85,777,612 Keppel Corp 81,412,070 Olam 71,460,650 CapitaLand 66,989,419 DBS Grp 60,536,620 Golden Agri 58,985,010 Noble Grp
      55 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Goodpack
        330 8 Feb 15 close: S$2.25 DMG Partners Research, Feb 15 GOODPACK’S profit after tax and minority interests (Patmi) for Q2 FY2011 (year ending June) came in strongly at US$11.2 million the highest ever registered in a quarter on the back of higher revenue of US$36.5 million, and recovering Ebitda margin
        330 words
      • Article
        Lock icon Karin Technology Holdings
        451 8  -  Compiled by JOYCE HOOI Feb 15 close: S$0.225 OCBC Investment Research, Feb 15 KARIN Technology’s results for H1 FY2011 (year ending June) were slightly above our expectations. Revenue increased 19.0 per cent y-o-y and 11.9 per cent half-on-half (h-o-h) to HK$901.1 million (S$147.9 million), forming 55.0 per
        451 words
      • Article
        Lock icon Glossary:
        138 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
        138 words
    • Article, Illustration
      Lock icon Euro rises, but debt scepticism remains
      471 8 CURRENCIES Reuters [LONDON] The euro steadied yesterday, supported by Asian demand, but undermined by scepticism over how European leaders would come up with a quick and effective solution to tackle the eurozone’s debt and banking problems. The common currency hovered near a three-week low
      Reuters; REUTERS  -  471 words
    • Article
      Lock icon RISES
      118 8 BY CENTS CLOSE UP IS MSCI Spore 1331 112.8 7.1 GLD 10US$ ***** 105.1 0.6 DBXT Nifty 10US$ ***** 93.5 0.6 DBXT MSJAP 10US$ 4250 62.8 1.2 DBXT FTVietnam 10US$ 3796 51.3 1.1 DBXT FTChina25 10US$ 3048 37.2 1.0 DBXT CSI300 10US$ 1085 29.5 2.2 DBXT MSAsExJp 10US$ 3244
      118 words
    • Article
      Lock icon FALLS
      116 8 BY CENTS CLOSE DOWN Jardine C&C 3158 -50.0 -1.6 JSH 2672 -33.3 -1.0 OCBC Bk 5.1%NCPS 100 ***** -30.0 -0.3 HK Land 669 -23.1 -2.6 Lyxor China H 10US$ 1581 -21.8 -1.1 CityDev 1072 -20.0 -1.8 SIA 200 1430 -18.0 -1.2 DBXT SPASX200 10US$ 3547 -17.9 -0.4 JMH 4466
      116 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      121 9 Lowest fares only at airasia.com Explore BORNEO With Our Vast Network! Booking Period: Book now till 18 February 2011 Travel Period: 17 February to 9 March 2011 ICYTKAX AX WORLD'S BEST LOW-COST AIRLINE 2009 2010 Fly from Singapore (Chang! Terminal I) +Miri +Kuching ALL-IN FARE FROM SGD (8x weekly) (14x
      121 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Punggol site draws top bid of $1.02b
      395 10  -  Offer made by Frasers Centrepoint, Far East and Japan’s Sekisui House By UMA SHANKARI FRASERS Centrepoint, Far East Organization and Japan’s Sekisui House, which collectively put in the highest bid for a mixed use site in Punggol, plan to build a waterfront development
      395 words
    • Article, Illustration
      Lock icon More households living in bigger homes
      412 10  -  By UMA SHANKARI THE proportion of resident households in Singapore living in condominiums and private flats climbed to 11 per cent in 2010 from 6.3 per cent in 2000, according to the Census of Population 2010. The census also found that more households were
      FILE PHOTO  -  412 words
    • Article
      Lock icon S’pore is fifth most expensive in expat rentals
      434 10  -  Report says rentals for two-bedroom homes are up 15% By TEH SHI NING SINGAPORE is now the fifth most expensive location in the world for expatriate accommodation, based on rents for two-bedroom apartments that are commonly preferred by expats. After sinking 17
      434 words
    • Article
      Lock icon MediaCorp CEO Lucas Chow quits after 5 years
      157 10 MEDIACORP chief executive Lucas Chow has resigned, and the company has begun its search for his successor. Mr Chow said yesterday that he is resigning after five years to join another company in a different line of business. MediaCorp chairman Teo Ming
      157 words
    • Article
      Lock icon Fusionopolis Phase 2A kicks off
      239 10 JTC Corporation (JTC) has started the development of phase 2A of its Fusionopolis project at one-north, which will house several research institutes as well as private companies within a complex. A tender to procure the services for the construction and completion of all works including
      239 words
    • Article
      Lock icon MDA invites film-makers to submit proposals
      216 10 THE Media Development Authority (MDA) has called for a third round of film proposals under the International Film Fund (IFF). The IFF launched in 2009 “facilitates collaboration among international creative talents, and the participation of Singapore’s production and post-production facilities in international film productions”,
      216 words
    • Article
      Lock icon Dec retail sales up 1.8%, beating expectations
      324 10  -  By NISHA RAMCHANDANI RETAIL sales for December 2010 beat expectations by climbing 1.8 per cent compared to a year ago, data from the Department of Statistics showed. Excluding motor vehicles, retail sales were 8.6 per cent higher. Compared to November 2010, retail sales
      324 words
    • Article
      Lock icon Sri Lanka eye bank up and running with S’pore help
      359 10 THE Singapore Eye Bank (SEB) has teamed up with Sri Lankan health authorities to set up an eye bank to procure cornea donations from that country. The initial numbers from the National Eye Bank of Sri Lanka (NEBSL) have already
      359 words
    • Article
      Lock icon 21% fall in contraband cigarettes seized
      273 10 THE total quantity of contraband cigarettes seized last year dropped to a five-year low of 2.3 million packets. According to Singapore Customs, this represents a 21 per cent decrease from a year ago. This is despite an increase in the number of contraband smuggling
      273 words
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  • ECONOMY WATCH
    • Article
      Lock icon BOJ raises assessment of economic prospects
      375 11  -  Exports, production show signs of resuming uptrend on accelerating growth in global economy, it says By ANTHONY ROWLEY in Tokyo FOR THE first time in nine months, the Bank of Japan (BOJ) raised its assessment of the country’s short to medium-term economic prospects. Yesterday’s
      375 words
    • Article, Illustration
      Lock icon Eurozone bailout fund increased to 500b euros
      429 11 AFP [BRUSSELS] Eurozone leaders decided on Monday to almost double the effective lending capacity of future bailout funding, as they cast a worrying glance at renewed pressure from the bond market. A permanent eurozone rescue fund being set up from Jan 1, 2013,
      AFP  -  429 words
    • Article
      Lock icon QE2 has helped lift economic prospects, says Fed official
      525 11 Bloomberg [NEW YORK] Federal Reserve Bank of New York president William Dudley has said that the central bank’s purchases of bonds have made the outlook for the economy “considerably brighter”, with growth likely to quicken this year and next. “Several notable
      Bloomberg  -  525 words
    • Article
      Lock icon Obama’s budget draws Republican opposition
      462 11 They want deeper cuts than the US$1t in his proposal Bloomberg [WASHINGTON] President Barack Obama’s US$3.7 trillion budget request was met with demands for a bolder reshaping of the government by Republicans, who said that they want deeper cuts than the Democratic administration put forth.
      Bloomberg  -  462 words
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      24 11 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. E MATS NOTICES
      24 words
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      Lock icon Page 11 Advertisements Column 2
      147 11 Office 2010 Tips and Tricks Part 3 of 3 Makequickerandbetter-informedbusinessdecisions. Createpowerfuldatainsightsandvisuals MicrosoftExcel2010! with NEW Sparklines are small charts in a worksheet cell that provide a clear and compact visual representation of your data. You can use them to show trends in a series of values, such as seasonal increases or
      147 words
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      163 11 With our excellent service, fast connections and campaign fare, we are simply the best choice for your next journey to Northern Europe. Book before 24 February 2011. Welcome onboard the world's most punctual airline! Source: Flightstats.com 2010, July-September Singapore < —> Economy Extra Business Class from 89 Destinations in Scandinavia
      163 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Indonesia bond issue faces road bumps
      495 12 Making it a success will be a challenge amid deteriorating sentiment Reuters [SINGAPORE] The Republic of Indonesia last Friday mandated Deutsche Bank, JPMorgan, and UBS to handle its latest visit to the international bond markets, with the three winning banks mandated in, what looks
      Reuters; AFP  -  495 words
    • Article
      Lock icon QNet hopeful of greater brand awareness
      328 12 Bernama [PETALING JAYA] Global direct selling company, QNet, is confident of enhancing its international branding from its partnership as a sponsor of the F1 team, Marussia Virgin Racing. QNet, the flagship subsidiary of the QI group of companies helmed by Malaysian entrepreneur, Vijay Eswaran,
      Bernama  -  328 words
    • Article
      Lock icon Fitters optimistic of strong growth
      129 12 Bernama [KUALA LUMPUR] Fitters Diversified Bhd, the country’s biggest fire-fighting specialist company, is confident of continuing its strong growth for the financial year 2011. Its group managing director, Richard Wong Swee Yee, said the company was on track to achieve analysts’ forecast of close to
      Bernama  -  129 words
    • Article
      Lock icon Indonesian women indulge at spas for the faithful
      471 12 Such spas offer special headscarf styling for customers Reuters [JAKARTA] Indonesian women are splashing out on treatments at spas aimed at meeting Islamic values including paying for special headscarf styling as affluence rises in the world’s most populous Muslim nation. Eka Shanty,
      Reuters  -  471 words
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      6 12 www.omy.sg i TT HPi ft M
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      813 12 FUXING CHINA GROUP LIMITED (Incorporated in Bermuda) (Company Registration No. *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting (“SGM”) of Fuxing China Group Limited (the “Company”) will be held at FTSE Room, 9th Floor, Capital Tower, 168 Robinson Road, Singapore *****2 on 4
      813 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Surprise fall in new yuan loans
      392 13 January figure still strong but at lower end of market’s expected range Reuters [BEIJING] New lending by Chinese banks fell well below forecasts in January after the government toughened restrictions on credit issuance and succeeded in slowing the pace of money growth in the
      Reuters; AFP  -  392 words
    • Article
      Lock icon China starts trial to allow some banks to fix rates
      233 13 Reuters [BEIJING] China has launched a pilot programme allowing some banks to set deposit rates of their choosing, another step forward in interest rate liberalisation, the China Daily reported yesterday, citing sources. China Merchants Bank and a few city commercial
      Reuters  -  233 words
    • Article
      Lock icon Number 2 economy too reliant on exports, investment
      379 13 AFP [BEIJING] China’s triumph in overtaking Japan as the world’s number two economy masks a worrisome over-reliance on exports and investment, and lagging social development, said analysts. Japan lost its 42-year hold on the second spot behind the United States in 2010,
      AFP  -  379 words
    • Article
      Lock icon Bid to control Aussie rare earth firm blocked in ‘09
      380 13 Chinese firm told to limit stake in Lynas as review board voiced concern Bloomberg [MELBOURNE] China’s bid to gain control of the world’s richest rare earth deposit in 2009 was blocked by Australia’s Foreign Investment Review Board on concern it
      Bloomberg  -  380 words
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      164 13 Pump up the Emerging Em olume of success with rnprise Award 2011 m --n-C-£f> Be one of the top three to amplify your business with coveted prizes The maestro of multimedia products and creator of the award-winning X-mini® Capsule Speaker®, Xmi Pte Ltd made waves with the "Best Innovation Award"
      164 words
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  • INDIA
    • Article
      Lock icon Cross-party probe into India’s 2G scam likely
      329 14 Inquiry may also cover licensing during previous BJP govt, says report The sale of the 2G licences by former telecommunications minister Andimuthu Raja may turn out to be India’s biggest case of political corruption, costing the country at least US$31 billion in lost
      Bloomberg; Reuters  -  329 words
    • Article
      Lock icon Govt fuel subsidies could hit 1t rupees
      303 14 Reuters [PANIPAT, India] India’s government will now cover up to half of the subsidy outgo of state-run oil companies from selling fuels at rates that are below cost, as their losses mount with crude staying above US$100 a barrel. The subsidy, also referred
      Reuters  -  303 words
    • Article, Illustration
      Lock icon India ‘cannot pollute its way to prosperity’
      222 14 AFP [NEW DELHI] India’s crusading environment minister has rejected criticism that his pro-green policies are driving away foreign investors and says the country “cannot pollute its way to prosperity”. Jairam Ramesh, whose push to enforce environmental rules has put him in conflict with
      AFP  -  222 words
  • Page 14 Advertisements
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      1661 14 BUY IT-SELL IT-FIND IT MATS i r" F c Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES CANADIAN IMPERIAL BANK OF COMMERCE 2010 Consolidated Financial Statements (in millions of Canadian dollars) CONSOLIDATED BALANCE SHEET CONSOLIDATED STATEMENT OF OPERATIONS millions, as at October 31 ASSETS Cash and non-interest-bearing deposits with banks Interest-bearing deposits
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  • WORLD
    • Article
      Lock icon Consumer sales up for 7th straight month
      536 15 But spending gains in January lower than expected due to snowstorms LATEST US DATA AP [WASHINGTON] Consumers bought more from retailers for a seventh straight month in January. But snowstorms limited the spending gains expected from workers with more money in their paychecks
      AP  -  536 words
    • Article
      Lock icon Egypt promised civilian rule in six months
      733 15 Military rulers also set up panel to revise constitution Reuters [CAIRO] Egypt’s new military rulers said yesterday that they hoped to hand power over to an elected civilian leadership within six months as the government also formed a panel of civilian experts, giving
      Reuters  -  733 words
    • Article, Illustration
      Lock icon German bourse buys NYSE parent for US$9.53b
      786 15 Bloomberg [FRANKFURT] Deutsche Boerse AG, operator of the Eurex futures platform and Frankfurt Stock Exchange, agreed to buy New York Stock Exchange parent NYSE Euronext for US$9.53 billion in a deal that creates the world’s largest owner of equities and derivatives markets. Deutsche
      Bloomberg  -  786 words
    • Article
      Lock icon Italy offers Tunisia 100m euros to block illegal immigrants
      470 15 Bloomberg [ROME] Italy is offering Tunisia a 100-million euro (S$173 million) credit and mobilising its military to try and block the arrival of illegal immigrants attempting to reach one of the closest entry points to Europe by sea. In the past
      Bloomberg  -  470 words
    • Article, Illustration
      Lock icon Europe growth less than expected
      448 16 German GDP slows due to winter and French growth stalls unexpectedly Bloomberg [ZURICH] Europe’s economy expanded less than economists forecast in the fourth quarter as cold weather curbed German output and French growth unexpectedly stalled. Gross domestic product (GDP) in the euro region rose 0.3
      Bloomberg; AFP  -  448 words
    • Article, Illustration
      Lock icon San Miguel to sell shares in April or May
      471 16 Reuters [MANILA] Philippine conglomerate San Miguel Corp will use proceeds from what could be the country’s biggest share sale to fund acquisitions aimed at deepening its exposure in high growth power and infrastructure sectors, its president said. Ramon Ang told Reuters
      Reuters; REUTERS  -  471 words
    • Article, Illustration
      Lock icon New Fed derivatives rules may call for margin requirements
      607 16 This raises concern over cost increases for US businesses Reuters [WASHINGTON] New derivatives rules may not exempt all firms using the instruments from posting collateral against them, Federal Reserve Board governor Daniel Tarullo said in testimony prepared for delivery to the
      Reuters; BLOOMBERG  -  607 words
    • Article
      Lock icon Hedge fund star bets on energy
      340 16 Reuters [BOSTON] Billionaire hedge fund manager John Paulson jumped into shares of top energy producers in the fourth quarter, while holding steady with his big bets on gold and financial service firms. Mr Paulson, who notched the industry’s biggest ever payout last year, largely
      Reuters  -  340 words
    • Article
      Lock icon Barclays posts full-year net profit of £3.56b
      245 16 AP [LONDON] British bank Barclays reported yesterday that net profit rose by 36 per cent last year as it took fewer charges for bad loans, and said it will be paying out less money in bonuses. Net profit rose to £3.56 billion (S$7.3
      AP  -  245 words
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  • Page 16 Advertisements
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      253 16 MAT3 NOTICES LOST SHARE CERTIFICATES NOTICE IS HEREBY GIVEN that the undermentioned original share certificates have been reported lost or destroyed Jardine Cycle Carriage Limited (Incorporated in the Republic of Singapore) Company Registration No. *****0092R In Name of Estate of Chua Seong Siew Deceased Dairy Farm International Holdings Limited (Incorporated
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  • TransportHUB
    • Article
      Lock icon No pre-testing of bunkers, for now
      1039 17  -  Mandating fuel quality can become very complicated in practice STRAIT TALK By DAVID HUGHES LAST week’s column was concerned with an issue which the International Maritime Organization (IMO) has yet to resolve and needs to do something about urgently lifeboat accidents. This week the
      1,039 words
    • Article
      Lock icon US Navy adds 5 ships to 6-year building plan
      256 17 Bloomberg [WASHINGTON] The US Navy has added five ships to its six-year shipbuilding plan, proposing to spend US$74.7 billion for 55 ships through fiscal 2016, according to the fiscal 2012 budget. The plan, aimed at sustaining a 313-ship fleet, would add
      Bloomberg  -  256 words
    • Article
      Lock icon Bonds of Indian shipping firms slump as freight revenues fall
      503 17 Analysts cite glut of vessels and rise in borrowing costs Bloomberg [SINGAPORE] Yields on the bonds of India’s biggest shipping companies are rising to records as the nation’s corporate borrowing costs surge and freight revenues slump because of a glut
      Bloomberg  -  503 words
    • Article, Illustration
      Lock icon Rates for shipping Mid-East crude to Asia up 4.9%
      273 17 Stronger Chinese demand gives freight rates a boost Bloomberg [LONDON] The cost of delivering Middle East crude oil to Asia, the world’s busiest route for supertankers shipping two million-barrel cargoes of oil, gained for a 12th consecutive session on Monday as
      Bloomberg; AP  -  273 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Rolls-Royce Seletar plant to be ready in Q3
        600 18  -  Engine and power systems giant plans to unveil more major projects here By VEN SREENIVASAN BRITISH engine and power systems giant Rolls-Royce expects to kick-off operations at its new Seletar facility by the third quarter of this year, and will unveil more
        FILE PHOTOS  -  600 words
      • Article
        Lock icon Boeing to get funding boosts in 2012 defence budget plan
        457 18 Bloomberg [WASHINGTON] Aircraft and helicopter programmes of Boeing Co will receive funding boosts in the Pentagon’s US$671 billion request for the fiscal year beginning Oct 1, the first year of what the Defense Department is calling “modest” growth through 2016.
        Bloomberg  -  457 words
      • Article
        Lock icon US airlines face stiff fee increases from fiscal 2012-14
        324 18 Bloomberg [WASHINGTON] A US airline passenger security fee would more than double to US$4.25 billion in two years under President Barack Obama’s budget, a blow to carriers that have been trying to lessen a tax burden they say is excessive. The
        Bloomberg  -  324 words
      • Article, Illustration
        Lock icon AirAsia in talks to buy 175 Airbus A320 jets
        383 18 Carrier gears up for growing demand for short-haul travel Bloomberg [PARIS] AirAsia Bhd, Southeast Asia’s biggest discount airline, is in talks to buy about 175 of Airbus SAS’s upgraded A320 jet as it adds short-haul flights within the region, chief executive
        Bloomberg  -  383 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        3343 18 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
        3,343 words
    • TRANSPORT HUB: LAND
      • Article
        Lock icon Obama plans big boost for transport spending
        434 19 He ties highway, aviation, rail spending to passage of multiyear funding bill Bloomberg [WASHINGTON] President Barack Obama proposed a 16 per cent transportation spending increase for fiscal 2012 while tying spending on many highway, aviation and rail programmes to Congress passing a multiyear
        Bloomberg  -  434 words
      • Article, Illustration
        Lock icon Special Lamborghini to mark dealer's top sales
        369 19  -  By SAMUEL EE TEN limited edition Lamborghini Gallardo super sports cars have been commissioned to mark their Singapore distributor’s 10th anniversary. Lamborghini Singapore is the Italian manufacturer’s top dealer in the region and to commemorate the occasion, the carmaker rolled out the special
        ARTHUR LEE  -  369 words
      • Article
        Lock icon Mercedes to sell smart cars in US
        217 19 Reuters [DETROIT] Daimler’s Mercedes-Benz USA will take over sales and marketing of the microcar smart USA brand from Penske Automotive Group by the middle of this year, Mercedes-Benz USA and Penske said on Monday. By the end of the transition period around July
        Reuters  -  217 words
      • Article, Illustration
        Lock icon Mercedes-Benz padding up its sales team
        255 19  -  The iPad can help explain car features using multimedia By SAMUEL EE FIRST, it was banking staff. Now the sales team at Mer-cedes-Benz is also getting in on the act with the Apple iPad. More than 50 salespeople selling the brand with the three-pointed
        255 words
      • Article, Illustration
        Lock icon GM to boost investment, introduce new models in China
        376 19 Bloom berg [BEIJING] General Motors will boost its investments in China and introduce new models over the next two years to tap demand in the world’s largest auto market, chief executive officer Dan Akerson said. “GM will continue to make China
        Bloomberg  -  376 words
      • Article
        Lock icon SGX CATALIST
        1712 19 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 5 27.8 4.8 225 130 6222 t APStrategic 164 158 163 97.3 2 0.5
        1,712 words
      • Article
        Lock icon GLOBALQUOTE
        258 19 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 $mil 56 38 6000 AVJennings A52.5cd -1 20 53 52.5 52.5 54 3.6 6.7 4.2 136.7 55 16 6017 Genting HK US$ US42 -1 ***** 43
        258 words
      • Article
        Lock icon SGX ETF
        862 19 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 $mil 124 108 6389 ABF SG Bond ETF 110 109 111 502.1 1070 761 CIMBAsean40 100US$ US1005 989 999 40.2 350 270 DBS STI ETF
        862 words
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      427 17 SEA CONSORTIUM PTE LTD NOTICE TO TRADE TAIWAN PHILIPPINES CRITICAL BUNKER RECOVERY In view of the escalating bunker price, please be informed that Critical Bunker Recovery (CBR) will be implemented with effect from 15 March 2011 at the following quantum: Kaohsiung to Cebu and Manila vice versa Critical Bunker Recovery
      427 words
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  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      292 18 CRYPTIC CROSSWORD Across 7 Empty babble precedes common sense (8) 9 Independent’s following centre right arrogance (6) 10 Reportedly go off bird (4) 11 An impediment to freedom of speech? (10) 12 Fellow and blonde running away (6) 14 Bands for newly-weds embracing half gaga (8) 15 Famine and fatality
      292 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Indian budget must attack inflation
      490 20 EDITORIAL INDIA’S budget for fiscal 2011/12, which the country’s Finance Minister Pranab Mukherjee will present on Feb 28, will be closely watched particularly for its impact on the high inflation plaguing the economy. India’s growth story looks good. Gross domestic product (GDP) growth has rebounded
      490 words
    • Article, Illustration
      Lock icon After Egypt’s uprising, China likely to step up control
      761 20  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 CHINA, which has been obsessed with political stability ever since it called out its army to crush a massive albeit peaceful protest
      761 words
    • Article, Illustration
      Lock icon The international face of Indonesia Inc
      1052 20  -  The Bakrie Group is to Indonesia what companies like Tata and Reliance are to India By DERWIN PEREIRA The writer heads Pereira International, a Singapore-based consulting firm. He can be reached at derwin.pereira@pereiraintl.com AT A lecture by a European leader in Singapore several years
      FILE PHOTO  -  1,052 words
    • Article, Illustration
      Lock icon Taxes in a globalised economy
      1215 21  -  For Singapore to compete effectively, its tax regime needs to be refined constantly to keep pace with worldwide trends By RUSSELL AUBREY, GOH SIOW HUI Russell Aubrey is a Partner and Head of Tax Services and Goh Siow Hui is Director of Tax Services at
      BLOOMBERG FILE PHOTO; Source: Ernst & Young  -  1,215 words
    • Article, Illustration
      Lock icon Neglecting Reagan’s top achievement
      846 21  -  ROBERT SAMUELSON WE ARE deluged with Ronald Reagan celebrations and retrospectives, but most are misleading. They omit Reagan’s singular domestic achievement and the wellspring of his popularity: the defeat of double-digit inflation. In 1979 and 1980, inflation averaged 13 per cent; by 1984, it was 4
      AP FILE PHOTO  -  846 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9075 22 Transaction date: Feb 15 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 $mil 21 14.5 3148 8Telecom 18.5 -0.5 250 18.5 18.5 18.5 19 1.7 9.8 5.9 88.6 12 4.5 5834
      9,075 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9523 23 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.34/ APS Alpha Fund (USD)!** 1.05/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM
      9,523 words
  • Page 22 Advertisements
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      66 22 FRANCK MULLER BOUTIQUE 01-07 ION ORCHARD (65) 6509 3380 B1-19 THE SHOPPES AT MARINA BAY SANDS (65) 6634 8825 SINCERE FINE WATCHES NGEE ANN CITY (65) 6733 0618 LUCKY PLAZA (65) 6737 4593 SUNTEC CITY (65) 6337 5150 THE SHOPPES AT MARINA BAY SANDS (65) 6634 9782 VIVOCITY (65) 6278
      66 words
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  • Page 23 Advertisements
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      228 23 Inflation concerns reignite Asian currencies? Chart USDSGD z\\ Customize Daily Candlestick H Update I 1.***** m Dec 08 Dec 20 Jan 03 Jan 17 Jan 31 crument sen 1.***** Seize the opportunities. /,n Wllh FX Crosses Seize the opportunities with Saxo: Trade 'Live', leading Forex offerings with a choice of
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 24 In local curr In S$ In US$ dy yr dy yr dy yr Feb 14 Index Change Change Change Change Change Change World Index Preliminary 942.4 0.1 5.0 0.1 4.9 0.0 4.8 EAFE Preliminary 838.4 0.4 4.7 0.3 4.3 0.2 4.2 Europe Preliminary 1222.4 0.0
      374 words
    • Article
      Lock icon INTERBANK RATES
      177 24 Feb 15 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.07 US$ 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 0.58 0.48 9 months 0.80 0.60 12
      177 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      24 24 Feb 15 Feb 15 S$ Bid Offer 1-month 1.2812 1.2818 2-months 1.2811 1.2816 3-months 1.2810 1.2815 6-months 1.2823 1.2828 Source: OCBC
      24 words
    • Article
      Lock icon SICOM FUTURES
      144 24 Feb 15 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 11 639.0 635.5 639.0 92 Apr 11 635.0 May 11 640.0 640.0 635.0 50 Jun 11 635.0 20 Jul 11 634.0 Aug 11 634.0 Sep 11 634.0 Oct
      144 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      77 24 Feb 15 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 19.05.2011 0.34 1-Year BY*****N 01.11.2011 0.40 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 5-Year N*****0S 2.875 01.07.2015 107.00 107.11 107.11 10-Year NY*****N
      77 words
    • Article
      Lock icon CHICAGO BOT
      107 24 Feb 14 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 11 1402.75 1416.00 1424.75 1400.00 May 11 1416.00 1429.00 1438.00 1413.25 Jul 11 1423.50 1437.00 1446.25 1420.75 Aug 11 1404.00 1417.50 1426.25 1401.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 11 57.69
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 24 CRUDE OIL PRODUCTS Feb 14 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 103.95 2.71 WTI (Near Mth) 84.90 -0.54 Dubai (1-Mth F) 97.06 -0.30 Tapis blend 105.10 -0.35 Minas 101.20 -0.35 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.22 -0.89 Jet Kerosene 116.85 -0.75 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2532 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 27 1 297 1 10 -3 1.41 57 6221 Asia-Pacific Strat W*****6 30.5 -1.5 2 1 150 10 5.38 39 6227 ASJ Hldgs W*****1 3 1
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 24 Feb 15 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.327 1.252 Can dollar 1.319 1.269 Euro 1.76 1.693 Sterling pound 2.093 2.013 NZ dollar 0.995 0.948 US dollar 1.301 1.251 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      29 24 Feb 15 Feb 15 Open High Sett STI Feb 3077 SIMSCI Feb 367.0 368.3 363.4 Taiwan Feb 307.8 311.1 308.8 Source: MF Global (S) Pte. Ltd
      29 words
    • Article
      Lock icon PALM OIL
      65 24 Feb 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 11 3930 3968 3930 3930 109 830 Mar 11 3954 3967 3970 3947 974 ***** Apr 11 3919 3933 3954 3914 ***** ***** May 11 3888 3885
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      466 24 Feb 15 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.6700 0 4077 Jun11 99.5650 0 1674 Sep11 99.4000 0 2214 Dec11 99.1450 0 618 EUROYEN TIBOR FUTURES Mar11 99.6600 33 5410 Jun11 99.6450 99.6450 99.6450 99.6450 0 1172 Sep11 99.6275 0 786 Dec11 99.6050 99.6100
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 24 Feb 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.989 6.601 0.743 7.808 45.597 89.301 0.837 11.252 3.059 1.325 85.449 43.783 1.284 7.331 0.973 29.498 30.779 0.625 1.002 Canada 1.011 6.677
      464 words
    • Article
      Lock icon SIBOR
      85 24 Feb 15 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      157 24 INTERBANK CURRENCY RATE S Feb 15 Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2833 1.2845 1.0015 1.0020 Canadian dollar 1.2979 1.2993 1.0129 1.0136 Euro 1.7268 1.7277 1.3476 1.3478 NZ dollar 0.9682 0.9692 0.7556 0.7561 Sterling pound 2.0534
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    • Article
      Lock icon PRECIOUS METALS
      138 24 Feb 15 GOLD (US$/oz) Feb 14 Feb 15 Hong Kong 1359.00 1365.00 Feb 11 Feb 14 London 1365.90 1364.39 1366.90 1365.16 Source: Thomson Reuters CAST BAR Feb 15 (S$) Selling Buying Kilobar 60,285.94 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 135 56 5gm 383 281 10gm 685
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    • Article
      Lock icon LONDON METALS
      69 24 Source: Bloomberg Feb 14 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2491.25 2474.15 3 months 2514.00 2495.00 Copper, Grade A (US$/tonne) Cash *****.50 9975.25 3 months *****.00 9961.00 Lead (US$/tonne) Cash 2647.00 2577.50 3 months 2640.00 2560.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon LIFFE
      82 24 Feb 14 Source: Bloomberg COCOA (£/tonne) Close Prev High/Low Mar 11 2239 2223 2256/2232 May 11 2210 2199 2231/2206 Jul 11 2186 2177 2203/2175 Sep 11 2162 2161 2190/2154 COFFEE (US$/tonne) Close Pev High/Low Mar 11 2239 2216 2240/2207 May 11 2283 2255 2284/2247 Jul 11 2300 2272 2300/2265
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    5873 25 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.
    5,873 words
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  • Page 26 Advertisements
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      29 26 I FREIGHT FORWARDER urgently needed by shippers I Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327
      29 words
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      Lock icon Page 27 Advertisements Column 1
      27 27 A new cash cow Chinese speculators drive price of a stamp up from 0.08 to 10,000 yuan 炒 8 To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • executive Money
    • Article, Illustration
      Lock icon Consider volatility an asset
      1019 28  -  It could be a portfolio diversifier as it moves in opposite directions to markets, reports GENEVIEVE CUA VOLATILITY is typically thought of as a characteristic of the market, and is usually associated with risk and unpredictable price swings. Can volatility itself be an asset class? Increasingly,
      AFP  -  1,019 words
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      Lock icon Where safe becomes the new risky
      1091 27 Developments in the past three years have called strategies such as diversification or buying into government bonds into question AP EVEN though the bear market officially ended nearly two years ago, investors have shown a stubborn aversion to risk since then. The usually reliable
      AP; STOCK.XCHNG  -  1,091 words
    • Article, Illustration
      Lock icon Madoff victims may get back some money
      769 27 Bloomberg [NEW YORK] After Bernard Madoff was exposed as the biggest Ponzi schemer in US history, Irving Picard was named to liquidate the con man’s bankrupt firm and recover some of the US$65 billion Madoff told customers was in their accounts. Two years
      Bloomberg; AP  -  769 words
    • Article
      Lock icon JPMorgan places bets on new media firms
      439 27 It hopes to raise US$500-750m with new fund NYT [NEW YORK] Hoping to seize upon investor excitement over social networking companies like Facebook, JPMorgan Chase is planning a new fund to invest in an array of Internet and new media companies, people briefed
      NYT  -  439 words
  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      369 28 LEAP INTO ABUNDANCE Usher in the Year of the Rabbit with culinary indulgences at Pan Pacific Singapore! Savour classic Cantonese dishes at HaiTien Lo and enjoy a Yu Sheng abundance of Baby Abalone, Surf Clam, Norwegian Salmon and Tuna Belly Toro. At Keyaki, you can toss for auspicious tidings with
      369 words