The Business Times, 5 January 2012

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Microfilm: NL31764
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Thursday, January 5, 2012
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  • Article, Illustration
    Lock icon Key proposals
    413 1 MODERATING MINISTERS’ SALARIES Pension scheme to be removed in favour of CPF scheme. (Political appointment holders appointed on or after May 21,2011, will not receive any pension; those appointed before will have pensions frozen on May 21,2011.) OVERHAULING THE SYSTEM I New benchmark suggested: currently, annual salary of
    413 words
  • Article
    Lock icon Ministers face pay cut to strike new balance
    963 1  -  Committee recommends axing pensions, trimming variable pay and a new benchmark By CHEN HUIFEN [SINGAPORE] Singapore’s ministers could see pensions removed from their pay packages and their annual salaries cut by up to 40 per cent under proposed new benchmarks. Based on
    963 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      110 1 GST INDEX 2,711.02 (+22.66) GST INDEX FUTURES 2,711 (+23) GSIMSCI 309.52 (+2.49) GSIMSCI FUTURES 308.30 (+1.40) us$ s$ US$ (S$ per US$) 1.286 (US$/S$ per 1.565 2.013 EURO (US$/S$/E) 1.304 1.678 Foreign currency per US$ S$ YEN 76.70 59.60 RM 3.137 2.439 HK$ 7.769 6.040 BAHT 31.50 24.49 RUPIAH
      110 words
    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.0C INDONESIA 14.155 TAIWAN 5.036 JAPAN 1,475 Source: Bloomberg
      17 words
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      180 1 COMPANIES SingTel’s 3G services disrupted twice in 24 hours PAGE 11 BizIT Flyer rechannels marketing dollars to digital media PAGE 29 PROPERTY Hope for US housing market in 2012 PAGE 30 MORE REPORTS Proposed framework should not deter talent I PAGE 2 Use of local benchmarks is appropriate, observers say
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      2 1 *****1 *****4
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  • TOP STORIES
    • Article
      Lock icon Proposed framework should not deter talent
      1246 2  -  Flexibility retained for PM to adjust minister’s pay when needed By TEH SHI NING [SINGAPORE] The proposed pay cuts sweep across the political board from a 51 per cent cut for the President and a 36 per cent cut for the Prime Minister all
      1,246 words
    • Article
      Lock icon Use of local benchmarks is appropriate, observers say
      670 4  -  It better reflects the ‘opportunity cost’ of accepting political appointments By JAMIE LEE [SINGAPORE] While the debate will rage on over how deep the cuts in ministers’ salaries should be, the fresh benchmark that takes into account unemployment and income disparity, and
      670 words
    • Article
      Lock icon All routes examined to arrive at proposals
      733 4  -  Pay panel rejects benchmarking to foreign governments By JAMIE LEE [SINGAPORE] Doing it our way. That was the tone set by the committee that reviewed the ministerial salaries, which put a decidedly Singaporean stamp on the recommendations made. Over seven months, the committee
      733 words
    • Article, Illustration
      Lock icon PSD to see if proposals applicable to civil service
      595 4  -  Current ministerial benchmark also used for Administrative Service, statutory, judicial office holders By TEH SHI NING [SINGAPORE] Civil servants should not have to make the same sacrifice in salaries that politicians are expected to, the ministerial salaries review committee said yesterday.
      595 words
    • Article, Illustration
      Lock icon A clear-eyed look at a touchy topic
      743 4  -  COMMENTARY WONG WEI KONG News Editor TOO little, or too much the committee tasked to review ministerial pay will surely not satisfy all the critics with its recommendations. But that should not be how its work should be judged. Charged with reviewing an
      743 words
    • Article
      Lock icon New bonus to be tied to well-being of Singaporeans
      716 4  -  Factors include real median income growth, jobless rate By TEH SHI NING [SINGAPORE] The controversial gross domestic product (GDP) bonus that ministers receive when the economy is booming may be replaced with a bonus tied more closely to gains in the
      716 words
    • Article
      Lock icon Stepping away from the current system
      1019 6  -  MR4 to be pegged at 60% of median income of top 1,000 S’porean earners By CHUANG PECK MING [SINGAPORE] The Committee to Review Ministerial Salaries has proposed broadening the base on which ministers’ pay is fixed from the current structure, which is pegged to
      1,019 words
    • Article
      Lock icon Committee proposes scrapping pension scheme, adopting CPF
      403 6  -  CPF system is the basic retirement scheme for Singaporeans, says panel By CHUANG PECK MING THE Committee to Review Ministerial Salaries has proposed to scrap the pension scheme for the president and all political appointment holders, and adopt the Central Provident Fund (CPF)
      403 words
    • Article
      Lock icon Airfare hike looms as EU emissions tax kicks in
      786 7  -  Airlines, including SIA, Lufthansa, considering recouping additional cost from passengers By VEN SREENIVASAN [SINGAPORE] Flying to Europe could cost more from this year as airlines are considering recouping the cost of the new European Emission Scheme (ETS) tax that kicked in
      786 words
    • Article, Illustration
      Lock icon Curbs on property, foreign workers to stay: economist
      1008 7  -  Policies reflect structural shift in growth strategy By KENNETH LIM [SINGAPORE] Recent curbs on property and foreign workers are here to stay because Singapore is now trying to raise productivity instead of its population to drive growth, said Bank of America Merrill
      1,008 words
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      137 2 BRITISH AIRWAYS The starfish. One of the many sleeping positions you can enjoy. Our Club World seats are specially designed to put you completely at ease. With a spacious, calming setting, and a perfectly flat bed with room to stretch, it's easy enough to feel right at home. To Fly.
      137 words
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      1137 3 Invest in Advertising Feature the tutu re of healthcare r N S' S s s k. m m m I JI .15 5 toff uu I m 1 LTL ■■II rv m s v-i ..II ■> r* < <*t> li B aa. Ai As the prime Novena precinct takes shape
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      137 5 www.vw. com. sg With great power comes great responsibility. m ro Touareg Hybrid i B S A f r The Touareg Hybrid. With 380 bhp the Touareg Hybrid is one of the most powerful hybrid SUVs on the road. Its supercharged 3.0 V6 TSI engine, together with an E-motor, propel
      137 words
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      2065 6 the business timesweek nd www. usinesstimes.com. g| SEPTEMBER 24-25, 2011 S$1.00| MICA (P) 121/08/2011 the raffles conversation CAREER DIPLOMAT BARRYDESKER 12-13 cheap funds Local banks to slash savings rates DBS Bank, OCBC Bank and UOB will offer a mere 0.05 per cent come October, even as HSBC and Stanchart dish
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      361 7 Standard Cg Chartered Here for good ,C 'i W.i ang pows collected s' > gift to usher in wealth tidy sum to invest with care 1 i s F M N Jf* r ;v It’s good to kick start your prosperity plan this Year of the Dragon. This Lunar New
      361 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Trading on SGX securities market slows down sharply
      414 8  -  Eurozone crisis and health of global economy also hit activity in December By FELDA CHAY TRADING activity on the Singapore Exchange (SGX) securities market saw a dramatic year-on-year slowdown in December last year. Typically a slow month for the market, December was
      FILE PHOTO  -  414 words
    • Article
      Lock icon Citigroup sues hedge fund manager over losses
      368 8 Bloomberg [SINGAPORE] Citigroup Inc’s Singapore unit has sued Hong Kongbased hedge fund manager Raghavendran Rajaraman, seeking to recoup US$1.03 million in trading losses that the bank says that he incurred after gold fell from a record high in September. Mr Rajaraman had US$19.2
      Bloomberg  -  368 words
    • Article
      Lock icon Lucrum Capital to invest $200m in TTI’s Big Box
      677 8  -  By LYNETTE KHOO SINGAPORE-BASED private equity group Lucrum Capital has agreed to pump in at least $200 million into the Big Box project of TT International (TTI) a move that could potentially revive the long-stalled warehouse cum retail project in Jurong
      677 words
    • Article
      Lock icon Yoma seeks to develop land in Myanmar
      344 11  -  By KELLY TAY MAINBOARD-LISTED Yoma Strategic Holdings Ltd plans to acquire the land development rights of a 54-hectare area in Myanmar known as Star City about 9.6 km away from the country’s largest city, Yangon. On Aug 17, 2006, Yoma’s subsidiary, Yoma Strategic
      344 words
    • Article, Illustration
      Lock icon Temasek taps ex-UBS CFO as its Europe president
      323 11 Temasek taps exUBS CFO as its Europe president Reuters [SINGAPORE] Singapore investment company Temasek Holdings has hired former UBS CFO, John Cryan, as its European president, a newly created role that shows the sovereign investor is turning its focus to the battered region. Mr Cryan, an M&A veteran who was
      Reuters  -  323 words
    • Article
      Lock icon MF Global UK bonuses near bottom of claims
      180 11 Bloomberg [LONDON] MF Global Holdings’ UK employees owed bonuses by the failed broker were placed behind most other creditors in the bankruptcy process and may never receive their money. KPMG, the administrators of MF Global’s UK unit, said cash bonuses would be
      Bloomberg  -  180 words
    • Article, Illustration
      Lock icon SingTel's 3G services disrupted twice in 24 hours
      332 11  -  Tuesday’s lapse lasts 5 hours; yesterday’s interruption goes on for almost 4 hours By JOYCE HOOI SINGTEL experienced another bout of service disruptions for the second time in five months, on Tuesday and yesterday. The two incidents, which affected 3G services within
      REUTERS  -  332 words
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      377 8 ADVERTISING FEATURE THE PARAGON OF SPARKLES It is all that glitters at Paragon as we roll out the red carpet for the most brilliant blings and glitziest gems in town. Be it a precious gift for a loved one, or a bespoke adornment to impress at a soiree, we have
      377 words
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      773 9 Cap/taMalls Asia US' 2PMo ANWe °)TO ,9JAN W°N) A b (Stock Cnrlo-m/uo^ a ft r a THfPWGH •VWIOC r V if S 1 Year 1 to 5: Interest of 3.8% D.a. APPLY FOR THE 10-YEAR RETAIL BONDS Year 6 to 10: Interest of 4.5% p.a. (If the Bonds are not
      773 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Banks, Jardine group push STI up
      602 10  -  But the broad market is mixed at 168 rises to 174 falls; overall turnover remains thin STOCKS R SIVANITHY Senior Correspondent LARGE gains for the Jardine stable of companies Jardine Matheson, Jardine Strategic, Hongkong Land, and Cycle Carriage and the banks played a big
      Source: Bloomberg  -  602 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 10 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 10 Jan 4 VALUE CLOSE BT OB/OS 430.00 +154.0 BT CADI -*****.00 BT 10-day MA -*****.00 +43.0 FTSE ST Mid Cap 598.44 +1.10 FTSE ST Small Cap 405.98 -0.69 FTSE ST All Share 650.03 +4.37 FTSE ST China Top 193.11 +0.90 FTSE ST China 227.58 +1.90 FTSE ST
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 4 3 0 0 0 6 4 3 Manufacturing 45 55 28 4 5 9 49 60 37 Commerce 21 8 19 0 7 2 21 15 21 Tpt/Stor/Comms 19 13 7
      186 words
    • BROKERS' TAKE
      • Article, Illustration
        Lock icon Mewah International
        406 10 Jan 4 close: S$0.48 CIMB Research, Jan 4 IN a twist of its expansion plans, Mewah will be investing in a manufacturing plant in Indonesia and delaying its expansion in Sabah and China. The plant will boost its refining capacity by 23 per cent. Mewah now plans to
        Source: Bloomberg  -  406 words
      • Article, Illustration
        Lock icon Hyflux
        316 10  -  Compiled by LYNN KAN Jan 4 close: S$1.25 OCBC Investment Research, Jan 4 HYFLUX Ltd recently announced that it has injected two of its wastewater treatment plants Shandong Xiajin Water Treatment Plant and Chongqing Hexin District Wastewater Treatment Plant into Galaxy NewSpring Pte Ltd. Recall that Galaxy is a
        Source: Bloomberg  -  316 words
      • Article
        Lock icon Glossary:
        136 10 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,
        136 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      118 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 12,785 12,785 61,437 61,437 Manufacturing 136,913 6,135 143,048 113,138 386 113,525 Commerce 143,737 3,895 147,632 135,579 474 136,053 Tpt/Stor/Comms 110,511 2,808 113,319 170,515 414 170,929 Finance 10,578 10,578 98,730 98,730 Construction 18,827 31,090 49,917 5,550
      118 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 10 Stock name Close Change Stock name Close Change CapMallsAsia 1.170 +0.005 CapitaLand 2.260 CapitaMall 1.725 CityDev 9.140 +0.040 ComfortDelGro 1.450 +0.015 DBS Grp 11.860 +0.160 F&N 6.340 +0.080 GLP 1.780 -0.015 Genting SP 1.560 -0.005 Golden Agri 0.730 +0.005 HK Land 4.830 +0.110 JMH 47.550 +0.270
      112 words
    • Article, Illustration
      Lock icon Euro falls vs $ after German auction
      440 10 Euro falls vs after German auction CURRENCIES Reuters [LONDON] The euro slipped against the US dollar yesterday after a German Bund auction found muted but adequate demand, and looked vulnerable to selling by investors nervous about eurozone sovereigns’ ability to attract funding. Many analysts described the German 10-year auction as
      Reuters; BLOOMBERG  -  440 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 10 VOLUME GMG Global 116,373,000 Sheng Siong 69,013,000 Golden Agri 46,005,000 Genting SP 41,187,000 Noble Grp 34,572,000 Keong Hong 27,970,000 Yoma 25,635,000 Centillion 25,475,000 SingTel 25,039,000 Armarda 20,982,000 VALUE($) SingTel 78,456,050 Genting SP 64,288,580 Keppel Corp 46,191,270 Noble Grp 40,116,250 DBS Grp 36,857,710 Golden Agri 33,663,445 Wilmar 32,468,470
      58 words
    • Article
      Lock icon RISES
      109 10 BY CENTS CLOSE UP DBXT Nifty 10US$ 9120 302.2 2.6 GLD 10US$ ***** 223.7 1.1 DBXT MSAsExJp 10US$ 2950 182.6 5.1 DBXT E50 10US$ 3507 172.3 4.0 DBXT MSKorea 10US$ 5314 111.9 1.7 Jardine C&C 4990 106.0 2.2 Daiwa FT Shariah Jap 772 54.0 5.8 JSH 2823 51.4 1.4
      109 words
    • Article
      Lock icon FALLS
      121 10 BY CENTS CLOSE DOWN IS S&P500 ***** -115.7 -0.7 Lyxor EmergingMkts 1 919 -79.7 -6.3 Asia Pac Brew 2850 -30.0 -1.0 DBS Bk 4.7% NCPS 100 ***** -25.0 -0.2 DBXT CSI300 10US$ 790 -19.3 -1.9 DBXT FTVietnam 10US$ 1799 -10.3 -0.4 Spore Land 556 -8.0 -1.4 Venture Corp 629
      121 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 10 DAILY
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      337 11 ACCELERATE YOUR JOURNEY TO THE TOP Fast-track your career with an MBA from Asia's Global Business School. Find out how the NUS MBA and Executive MBA programmes can bring your career to new heights at the NUS MBA and EMBA Fair. Your journey to the top begins here at NUS
      337 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Manufacturing failed to break out of slump in Dec
      456 12  -  The Purchasing Managers’ Index gained 0.8 point but stayed below 50 By EMILYN YAP SINGAPORE’S manufacturing sector remained in a slump last month despite a slight uptick in a key indicator of industrial activity. The Purchasing Managers’ Index (PMI) gained 0.8
      456 words
    • Article, Illustration
      Lock icon Harpreet Singh joins WongPartnership
      643 12  -  By GRACE LEONG LAWYER Harpreet Singh Nehal has joined WongPartnership after having taken a six-month break since leaving Drew Napier LLC last year. WongPartnership one of the Big Four law firms here now has five senior counsels, following Mr Singh’s appointment as a partner of its
      643 words
    • Article
      Lock icon Large Cabinet team joins PM Lee on M'sia visit
      343 12  -  By CHUANG PECK MING IN a show that Singapore values its “very good” ties with Malaysia and wants to take cooperation with its neighbour to new heights two-thirds of its Cabinet ministers will be present when Prime Minister Lee Hsien Loong
      343 words
    • Article, Illustration
      Lock icon Developers launch a slew of projects before CNY
      642 12  -  By MINDY TAN DEVELOPERS are off to a running start in 2012, rolling out a host of housing projects before Chinese New Year. Qingjian Group will be launching their 99-year leasehold condominium Riversound Residence on Saturday, while City Developments Ltd (CDL) will
      642 words
    • Article
      Lock icon 40 firms give back with Project We Care
      238 12  -  By TAM YU LING Some 40 companies have come together for the first time to give back to the community with Project We Care. Under the Project We Care corporate volunteerism platform, the participating companies which include Si Chuan Dou Hua, Eu
      238 words
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      204 12 m NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School LM Shapingtthe Future of Business NANYANG EXECUTIVE PROGRAMMES Management Programmes Berkeley-Nanyang Advanced Management Programme* 5 -16 Mar 2012 (UC Berkeley, USA) 17-28 Sep 2012 (NTU, Singapore) lATA-Nanyang Advanced Management Programme in Air Transport 20 Mar 6 Apr 2012 (Geneva, Switzerland) 22 Sep 9
      204 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon BRICS nations yet to speak with one voice
      632 13 But club has shown resilience and thrived on complementarity AFP [SAO PAULO] A slow but steady shift in the global balance of power towards the China-led BRICS club of emerging nations was confirmed in 2011, but it will take some time before
      AFP; BLOOMBERG  -  632 words
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      546 13 EVEN BETTER THAN THE BEST E*TRADE MOBILE*PRO E fTRADE' MOBILE PRO);; MENU Streaming CSC) Get Quotes Siren 1 |U Streaming FM company news Get C Quotes DOW NASDAQ S&P 500 1st Change Volume 0.00x0 Oay Range M-64 95,54 I8.7x E/S 21 92 1W 1M 3M 6M 1Y 2Y Latest Headlines
      546 words
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      2685 13 CO %R1# MARCO POLO MARINE LTD. (Incorporated in the Republic of Singapore) Company Registration No. *****0073Z NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Sixth Annual General Meeting of the Company will be held at Re!Union Function Room, Hotel Re! 175A Chin Swee Road Singapore *****9 on
      2,685 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Felda co-op halts EGM as court hears injunction case
      457 14  -  Settlers vow they will block any meeting to decide on listing of FGVH By S JAYASANKARAN in Kuala Lumpur AN extraordinary general meeting scheduled to be held today by the Federal Land Development Authority’s (Felda’s) cooperative has been cancelled, Felda’s lawyers
      457 words
    • Article
      Lock icon M'sian sukuk may fuel record sales in Q1
      474 14 Bloomberg [KUALA LUMPUR] Malaysia’s record RM30.6 billion (S$12.6 billion) corporate sukuk sale from PLUS Bhd and offerings planned to follow may help carry Islamic bond sales to their best quarter ever in the first three months of 2012. The highway operator’s offering
      Bloomberg  -  474 words
    • Article
      Lock icon Suzuki to invest 60b yen in Indonesia
      168 14 Bloomberg [JAKARTA] Suzuki Motor Corp, the third-biggest carmaker in Indonesia, will spend 60 billion yen (S$1 billion) to increase capacity in the South-east Asian nation, including setting up another factory to build engines. The new plant will help triple engine-making capacity in Indonesia,
      Bloomberg  -  168 words
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      1505 14 BEATS NOTICES < < < CHINA FISHERY GROUP LIMITED CHINA FISHERY GROUP LIMITED (Incorporated in the Cayman Islands) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of CHINA FISHERY GROUP LIMITED (the “Company”) will be held at Capricorn, Level 1, Marina Mandarin Singapore, 6
      1,505 words
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      1216 14 WATS NOTICES < < < CHINA FISHERY GROUP LIMITED CHINA FISHERY GROUP LIMITED (Incorporated in the Cayman Islands) (the “Company NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at Capricorn, Level 1, Marina Mandarin Singapore, 6 Raffles Boulevard,
      1,216 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Local govt debt audit finds 530b yuan in irregularities
      406 15 Cabinet is still working on an overall plan on how to resolve the mess Reuters AFP [BEIJING] China has uncovered 530 billion yuan (S$108.5 billion) worth of irregularities with local government debt, the National Audit Office said yesterday. An audit report,
      Reuters; AFP  -  406 words
    • Article, Illustration
      Lock icon Shenzhen to raise minimum wage in Feb
      472 15 Reuters [HONG KONG] Shenzhen, a major manufacturing hub in southern China, will increase its minimum wage by 13.6 per cent in February despite warnings from factory owners that the move could deal another blow to exporters already reeling from a sharp drop in
      Reuters; AFP  -  472 words
    • Article
      Lock icon Reliance, BP get Delhi's nod for gas plan
      572 15 Bloomberg [MUMBAI] Indian billionaire Mukesh Ambani’s Reliance Industries and BP plc won government approval to spend US$1.5 billion to develop four discoveries that may increase output from India’s biggest natural gas field, three people with direct knowledge of the matter said. A
      Bloomberg  -  572 words
    • Article
      Lock icon India's services sector grows at fastest pace in 5 months
      530 15 Reuters [BANGALORE] India’s services sector grew at its fastest pace in five months in December riding on a surge in new business and expansion in employment, but rising input prices will likely add to inflationary pressures in the coming months,
      Reuters  -  530 words
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      20 15 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings >3*4 MATS NOTICES
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      89 15 >v?5r F T7 ■aw* f (k K C. m •JVS V T •Vt lAA, f i ACCOUNTANT CAN CLAIM TO UNDERSTAND YOUR BOOKS BUT DO UNDERSTAND YOUR BUSINESS? CHARTERED A ONE'S BETTER Q ;::.l K I ■v: HP mm w -v ft jr 84% of FTSE 100 companies have an
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  • WORLD
    • Article
      Lock icon Big banks may line up to block LME sale
      834 16 They fear a more heavily regulated owner could hurt warehouse business Reuters [LONDON] Top bank stakeholders of the London Metal Exchange are likely to amass enough support to block a sale they fear would bring a more heavily regulated owner and
      Reuters  -  834 words
    • Article, Illustration
      Lock icon Aus mining tax may raise less
      541 16 Reuters [SYDNEY] Australia’s politically charged mining profits tax could raise less than the initial A$11 billion (S$14.7 billion) that Prime Minister Julia Gillard is promising if iron ore prices return to November levels, accountants BDO warned in a senate submission. Mega-miners Xstrata, BHP Billiton
      Reuters; REUTERS  -  541 words
    • Article
      Lock icon Fed to publish forecasts of interest rate shifts
      433 16 NYT [WASHINGTON] The Federal Reserve will begin later this month to publish the predictions of its senior officials about their own decisions, hoping to increase its influence over economic activity by guiding investor expectations. The change was approved at the most recent
      NYT  -  433 words
    • Article
      Lock icon Romney wins narrowly as Santorum surprises Iowa
      670 17 Bachmann drops out of race, Perry mulls options while Gingrich fights on NYT [DES MOINES, Iowa] Mitt Romney’s quest to swiftly lock down the Republican presidential nomination with a commanding finish in the Iowa caucuses was spoiled on Tuesday night by the surging
      NYT  -  670 words
    • Article, Illustration
      Lock icon Obama opens election year with focus on economy
      427 17 Bloomberg [WASHINGTON] President Barack Obama’s first trip of the election year puts him at a crucial juncture for his chances to win a second term: talking about the economy in Ohio, a key swing state that was battered by the recession. As
      Bloomberg; AP  -  427 words
    • Article
      Lock icon Demand for factory goods up in Nov
      413 17 LATEST US DATA Bloomberg [WASHINGTON] Orders to American factories rose in November by the most in four months, showing gains in manufacturing will help the economy grow. Bookings for factory goods rose 1.8 per cent after a revised 0.2 per cent drop the
      Bloomberg  -  413 words
    • Article
      Lock icon Belgian chosen as ECB's chief economist
      426 17 NYT [FRANKFURT] The European Central Bank unexpectedly named Peter Praet, a Belgian, its de facto chief economist on Tuesday, breaking a tradition of German hardliners occupying that crucial policymaking post. Mr Praet, a former economist at the International Monetary Fund who has been a
      NYT  -  426 words
    • Article
      Lock icon Noda bent on raising Japan's consumption tax
      733 18  -  ‘Difficult to sustain’ fast-growing social security payments without reforms By ANTHONY ROWLEY in Tokyo JAPANESE Prime Minister Yoshihiko Noda yesterday said he would “never give up” in his fight to persuade everyone of the need to revamp the country’s tax and social welfare
      733 words
    • Article
      Lock icon 3 Thomas Cook directors leave in leadership clearout
      283 18 Reuters [LONDON] Thomas Cook said yesterday that three board members will leave next month, two of them early, as the travel firm shakes up its leadership after a funding crunch that triggered a collapse in its share price. Among those to go
      Reuters  -  283 words
    • Article, Illustration
      Lock icon Murder most foul on Queen Elizabeth's country estate
      466 18 AP [LONDON] A murder mystery with elements of an Agatha Christie whodunit is unfolding at the vast country estate where Queen Elizabeth II and her family gathered in rural splendour to celebrate Christmas and New Year’s. British police said that a young
      AP  -  466 words
    • Article
      Lock icon Samsung seen closing 2011 with a bang
      591 19 Analysts expect its Q4 operating profit to hit 4.7t won, up 57% year on year Reuters [SEOUL] Samsung Electronics, the world’s top maker of memory chips and smartphones, is set to report a robust quarterly profit rise tomorrow, starting 2012 on an upbeat
      Reuters  -  591 words
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      2298 16 PACIFIC ANDES RESOURCES DEVELOPMENT LIMITED (Incorporated in Bermuda with limited liability) (the “Company”) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of the Company will be held at Capricorn, Level 1, Marina Mandarin Singapore, 6 Raffles Boulevard, Marina Square, Singapore *****4, on Saturday, 28
      2,298 words
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  • Page 17 Advertisements
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      109 17 WATS NOTICES UNITED OVERSEAS BANK LIMITED Company Registration No. *****0026Z (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATE Notice is hereby given that the following share certificate has been reported lost, destroyed or mislaid: Name Certificate No. No. of Shares Gunn Nominees Limited *****05-5 2,453 Notice is also hereby
      109 words
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      Lock icon Page 17 Advertisements Column 2
      1686 17 PACIFIC ANDES RESOURCES DEVELOPMENT LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of PACIFIC ANDES RESOURCES DEVELOPMENT LIMITED (the “Company”) will be held at Capricorn, Level 1, Marina Mandarin Singapore, 6 Raffles Boulevard, Marina Square, Singapore *****4
      1,686 words
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  • Page 18 Advertisements
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      77 18 How to run a business without running out of ideas Produced by SME Jan/Feb issue out now! Why some fresh graduates choose to work in SMEs Five expensive mistakes to avoid How to measure productivity Is Japan still worth the while? Stock options for SMEs Available at Caltex, Esso, Shell
      77 words
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      Lock icon Page 18 Advertisements Column 2
      913 18 »AT=i NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices &'[,:|>=^=')'%&$@`.>):"|"\{?[$< IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 MEZZO CAPITAL PTE. LTD. Company Registration No.: *****1566C MEMBERS’ VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on 29 December 2011, the following resolutions were duly
      913 words
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  • Page 19 Advertisements
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      740 19 xgt WATS NOTICES m AMPLEFIELD LIMITED Incorporated in the Republic of Singapore Company Registration No. *****0188N NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that an Annual General Meeting of Amplefield Limited (“the Company”) will be held at Carlton Hotel Singapore, Esplanade Room 1, Level 4, 76 Bras Basah
      740 words
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      3329 19 FREEHOLD 3-storey shophouses SHOP/OFFICE FOR SALE Located in the only Financial Hub in Taman Molek, Johor Bahru Approx 2280/6350sqft upwards Double Wide Frontage (24’ x 95’ or 26’ x 95’) Easy Access from Singapore From RM2.55M PATRICK *****495 (CEA Reg No.: R*****1E) Parkland Real Estate Pte Ltd Estate Agent Licence
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      324 20 dN Thank You for your support! ChildAid 2011 raised more than 1.88m for The Straits Times School Pocket Money Fund and The Business Times Budding Artists Fund. Our gratitude to all our sponsors, partners, performers, crew, volunteers, friends and you our supporters for your unstinting support and generous contributions. a)
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  • AVIATION
    • Article, Illustration
      Lock icon Boeing meets Kansas staff as it mulls plant's closure
      532 21 Shutdown reflects economic reality of shrinking US defence budget: analyst Bloomberg [SEATTLE] Boeing Co was gathering all of its employees in Wichita, Kansas for a mandatory meeting last night as the world’s largest aerospace and defence company considers closing operations in
      Bloomberg; REUTERS  -  532 words
    • Article
      Lock icon Garuda to spin off Citilink unit
      357 21 Move will allow it to compete in low-cost carrier market Xinhua [JAKARTA] Indonesia’s leading flag carrier PT Garuda Indonesia aims to spin off its Citilink unit by the end of March so that it can compete in the country’s low-cost airline business, local media
      Xinhua  -  357 words
    • Article
      Lock icon 150 Qantas pilots on unpaid leave after cuts
      280 21 Bloomberg [SYDNEY] Qantas Airways, Australia’s biggest carrier, said that about 150 of its more than 2,000 pilots were taking unpaid leave after it cut services in a bid to revive unprofitable international operations. Some employees had requested time off to work for
      Bloomberg  -  280 words
    • Article
      Lock icon BOC Aviation appoints a new chairman
      250 21  -  By VEN SREENIVASAN SINGAPORE-BASED aircraft lessor BOC Aviation has appointed senior Bank of China (BOC) official Chen Siqing as its new chairman. Mr Chen takes over from Zhang Yanling, who has retired from the position. Mr Chen is a member of the senior management
      250 words
    • Article
      Lock icon US$10.2m owed on 19 jets, AMR Corp tells court
      268 21 Bloomberg [SYDNEY] AMR Corp, the owner of American Airlines that filed for bankruptcy last year, said it plans to keep 19 planes on which US$10.2 million is owed for rent or debt payments under aircraft agreements. AMR listed the planes and
      Bloomberg  -  268 words
    • Article
      Lock icon Insurance claims nosedive in safest year for aviation
      221 21 Bloomberg [NEW YORK] Global airlines’ insurance claims fell 45 per cent to the lowest in seven years in 2011, as the industry posted its safest year on record, according to Ascend. The cost of incurred airline hull and legal liability losses for
      Bloomberg  -  221 words
  • Page 21 Advertisements
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      Lock icon Page 21 Advertisements Column 1
      720 21 MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PASSION HOLDINGS PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****0355E Extract of the Minutes of an Extraordinary General Meeting of PASSION HOLDINGS PTE LTD signed by
      720 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      283 21 CRYPTIC CROSSWORD Across 1 Bar sometimes hit by women making out? (5,7) 8 Maroon, thus dead on island (7) 9 Old rubbish assumed by socialist is spun (7) 11 Former scheme providing skill after time off (7) 12 Cover for sewers? (7) 13 Strength of donkey before effort ends (5)
      283 words
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  • Page 22 Advertisements
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      1271 22 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Email: singapore@balisagp.com Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Antwerp/UK Destination STXPO TBN Camden/New Orleans/Tampico Destination GOOD PACIFIC~
      1,271 words
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      1394 22 WAN HAI LINES www.wanhai.com.sg TO HONG KONG TAIWAN JAPAN KOREA Major Service Twice Weekly WAN HAI INTERNATIONAL PTE LTD UEN: *****4695M TEL: *****588 (14 LINES) FAX: *****163 PKL TEL: (03) *****588 FAX: (03) *****566 PEN TEL: (04) *****00 FAX: (04) *****99 JOH TEL: (07) *****23 FAX: (07) *****21 SUR TEL:
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  • THE BUSINESS TIMES SHIPPING TIMES
    • SHIPPING
      • Article
        Lock icon Training centre for shippers, logistics sector
        340 23  -  Singapore Shippers’ Academy, Supply Chain Asia offer ‘hands-on’ training By LYNN KAN A SLOWDOWN can offer the chance for retraining, and the shippers and logistics sector have readily embraced that ethos. The Singapore Shippers’ Academy (SA) and Supply Chain Asia yesterday jointly launched a
        340 words
      • Article
        Lock icon Key Baltic index slides to lowest in three months
        285 23 Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, slid again on Tuesday, the lowest in around three months due to low fixing activity during the Christmas and New Year holidays. The index, which
        Reuters  -  285 words
      • Article
        Lock icon Maersk unit to pay US$32m to settle suit
        275 23 Reuters [WASHINGTON] A unit of Danish shipping and oil group AP Moller-Maersk has agreed to pay US$31.9 million to settle claims it overcharged the US military for transporting cargo to support American troops in Afghanistan and Iraq, the US Justice Department said.
        Reuters  -  275 words
      • Article
        Lock icon Maersk records biggest fleet increase in 2011
        237 23 Bloomberg [SINGAPORE] AP Moeller-Maersk A/S, owner of the world’s biggest container shipping company, increased capacity by a record last year as it added more of the world’s largest vessels that haul boxes to reduce unit costs. Maersk added ships that can carry 392,000
        Bloomberg  -  237 words
      • Article, Illustration
        Lock icon Tanker glut shrinks to 7-week low
        509 23 Hirings up on fears Iran may disrupt shipments: broker Bloomberg [LONDON] A surplus of tankers competing to load two million-barrel cargoes of crude from ports in the Persian Gulf shrank to a sev-en-week low after bookings of the vessels accelerated to a record. There
        Bloomberg; BLOOMBERG FILE PHOTO  -  509 words
      • Article
        Lock icon TRANSPORT STOCKS
        264 23 SGX '000 Jan 4 S$ +/-Vol CH Offshore 0.36 -0.02 14 Chuan Hup Hldg 0.21 -0.01 206 Cosco Corp 0.92 0.01 3779 Jan 4 Ezra Hldgs 0.87 unch 2159 First Ship Lea 0.29 0.01 157 Freight Links 0.06 unch 31 Grand Banks unch unch 0 Jaya Hold Ltd
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  • Page 23 Advertisements
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      310 23 Shipping Times HDS LINES THE SHORTEST TRANSIT TO PERSIAN GULF CONTAINERS SERVICE TO TANZANIA, KENYA, MIDDLE EAST, IRAN, PERSIAN GULF, IRAQ, CIS, INDIA PAKISTAN HDM SPL Approx transit time ex-Singapore 8 D 9 D 14 D VESSEL~ VOY SIN~ PKG~ JEA~ BND~ BIK ALVA~ HDM 0115S 17 Jan ~18 Jan~
      310 words
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      169 23 RICKMERS-LINIE Round-the-World Pearl String Service Regular Break-Bulk/Project/SOC Conventional Services WEBSITE: www.rickmers.linie.com ~JKT~ ETA SIN~ LCH~ SGN~ HPH~ SHA~ NBO~ XIN~ DLC Rickmers New Orleans 316 27/12 05/01 08/01 20/01 25/01 03/02 10/03 16/03 22/03 21/03 27/03 Rickmers Hamburg 317 16/01 21/01 27/01 08/02 13/02 22/02 12/03 16/03 20/03 24/03 31/03
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      18 23 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. THE BUSINESS TIMES SHIPPING TIMES
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  • EDITORIAL & OPINION
    • Article
      Lock icon A pay review that sends the right message
      667 24 EDITORIAL “POLITICAL service is not a job or a career promotion,” said Prime Minister Lee Hsien Loong in his swearing-in speech after the general election last May 21. “It is a calling to serve the larger good of Singapore.” But he added
      667 words
    • Article, Illustration
      Lock icon Eurozone can save itself; all it takes is political will
      790 24  -  THE BOTTOM LINE DANIEL GROS The writer is director of the Center for European Policy Studies Project Syndicate GREAT empires rarely succumb to outside attacks. But they often crumble under the weight of internal dissent. This vulnerability seems to apply
      Project Syndicate  -  790 words
    • Article, Illustration
      Lock icon Wide open GOP race after the Iowa primary
      1160 24  -  The Republican caucuses in the state have thrown up, not one, but three front-runners LEON HADAR Washington Correspondent THE Republican front-runner has changed seven times since leaders and activists started their party’s process of nominating the 2012 presidential candidate early last year,
      AFP  -  1,160 words
    • Article, Illustration
      Lock icon Death of capitalism is exaggerated
      1355 25  -  The worst recession in seven decades hasn’t destroyed nor disturbed popular support for mixed-economy capitalism By CLIVE CROOK The writer is a Bloomberg View columnist. The opinions expressed here are his own Bloomberg WITH the world’s rich economies struggling and the leaders of the European
      Bloomberg; STOCK.XCHNG  -  1,355 words
    • Article, Illustration
      Lock icon Implement innovative policies to cut joblessness
      779 25  -  NEIL BEHRMANN London Correspondent POLICIES to reduce the scourge of unemployment in the rich nations have proved to be a dismal failure. Things are not much better in the emerging markets either. Innovative economic policies should be urgently implemented, especially since the youth represent
      REUTERS  -  779 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2430 26 Transaction date: Jan 4 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote 112.5 92.5 AIMSAMPIReit 95.5 unch 207 96 95 95.5 96 2.1 9.6 423.9
      2,430 words
    • Article
      Lock icon SGX CATALIST
      190 27 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 1 0.2 t Advanced System 0.3 unch 76 0.3 0.3 0.3 0.4 10 5 Last Quote Div Gr Yld Net M Cap
      190 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7243 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha Fund Cl A!** AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA Life Aberdeen Asset Mgt Asia Limited AXA Wealth Mat S'pore Pte Ltd Aberdeen Asset Mat Asia
      7,243 words
    • Article
      Lock icon GLOBALQUOTE
      210 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 55.5 34 AVJennings A35.5 +0.5 14 35.5 35.5 35.5 37 3.6 9.9 2.8 92.4 49 25.5 Genting HK US$ US29.5 -0.5 ***** 31 29.5 29.5 30 1942.4
      210 words
    • Article
      Lock icon SGX ETF
      787 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 109.5 ABF SG Bond ETF 116.6 +0.1 20 116.6 116.6 116 116.9 532.3 1261 856 CIMBAsean40 100US$ US969 +1 7 969 969 971 38.8 *****
      787 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 28 In local curr In S$ In US$ dy yr dy yr dy yr Jan 3 Index Change Change Change Change Change Change World Preliminary 844.9 1.5 1.8 0.7 1.0 1.8 2.1 EAFE Preliminary 694.7 1.1 1.8 0.6 1.3 1.7 2.4 Europe Preliminary 1052.9 1.5 2.6
      373 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 28 CRUDE OIL PRODUCTS Jan 3 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.54 3.46 WTI (Near Mth) 103.09 4.06 Dubai (1-Mth F) 105.80 0.84 Tapis blend 117.06 1.72 Minas 114.56 1.72 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.11 0.17 Jet Kerosene 123.10 1.35 US$/barrel Opec Oil
      77 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      114 28 As on 3 January 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT FEB2012 1607.10 1576.10 1600.60 308 CURRENCY AUD-USD FUT MAR2012 1.0300 1.0248 1.0275 1500 EUR-USD FUT MAR2012 1.3076 1.3022 1.3064 2022 USD-JPY FUT MAR2012 76.71 76.59 76.58 1500 BASE METAL
      114 words
    • Article
      Lock icon SGX FUTURES
      154 28 Jan 4 SICOM RUBBER Futures (Closing prices) RSS 3(US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Feb 12 332.0 326.5 329.0 41 231 Mar 12 331.2 324 Apr 12 338.0 165 May 12 341.0 250 Jun 12 341.0 212 Jul 12 341.5 128 Aug 12
      154 words
    • Article
      Lock icon LONDON METALS
      67 28 Jan 3 Jan 3 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2054.50 1944.50 3 months 2077.00 2020.00 Copper, Grade A(US$/tonne) Cash 7777.75 7590.00 3 months 7790.00 7600.00 Lead(US$/tonne) Cash 2075.50 2011.00 3 months 2100.00 2035.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00
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    • Article
      Lock icon CHICAGO BOT
      107 28 Jan 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 12 1218.25 1198.50 1235.00 1214.25 Mar 12 1227.50 1207.75 1244.75 1223.25 May 12 1237.25 1217.50 1253.75 1233.25 Jul 12 1246.75 1227.00 1263.00 1242.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 12 52.80
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    • Article
      Lock icon GOVERNMENT SECURITIES
      81 28 Jan 4 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 05.04.2012 0.36 0.3 0.3 1-Year BY*****W 01.11.2012 0.37 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 102.83 5-Year N*****0W 1.125 01.04.2016 102.23 BQ*****W 05.04.2012
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      439 28 Jan 4 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.3650 0 2950 Jun12 99.3000 0 6611 Sep12 99.2700 0 861 Dec12 99.2450 0 579 EUROYEN TIBOR FUTURES Mar12 99.6550 0 1949 Jun12 99.6575 0 1440 Sep12 99.6525 0 711 Dec12 99.6575 0 115 Mar13 99.6500
      439 words
    • Article
      Lock icon LIFFE
      80 28 Jan 3 COCOA (£/tonne) Close Prev High/Low Mar 12 1365 1380 1418/1363 May 12 1383 1397 1431/1382 Jul 12 1399 1414 1446/1397 Sep 12 1413 1427 1447/1418 COFFEE(US$/tonne) Close Prev High/Low Jan 12 1800 1766 1800/1765 Mar 12 1820 1810 1824/1795 May 12 1853 1845 1862/1831 Jul 12 1884
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1068 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 61 47.25 28 +orVol Cooo) Baker Technology Ltd W*****6 3.8 1 32 40 6.71 10 Best World Intl Ltd W*****5 2 1 30 113 7.50
      1,068 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 28 Jan 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.050 6.520 0.794 8.048 54.978 95.091 0.794 11.891 3.249 1.313 93.454 45.324 1.332 8.357 0.967 31.370 32.629 0.662 1.036 Canada 0.953 6.211
      470 words
    • Article
      Lock icon SIBOR
      57 28 Jan 4 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths SWAP Mid rates (S$) 0.***** SWAP Mid rates
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    • Article
      Lock icon PRECIOUS METALS
      140 28 Jan 4 GOLD(US$/oz) Jan 04 Jan 03 Hong Kong 1613.00 1598.00 Jan 03 Jan 03 Dec 30 London 1603.14 1574.20 1604.86 1574.95 Source: Thomson Reuters Source: Reuters CAST BAR Jan 04 (S$) Selling Buying Kilobar "71,253.44" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 160 66 5gm 453
      140 words
    • Article
      Lock icon PALM OIL
      59 28 Jan 4 Jan 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 12 3205.0 3233.0 3235.0 3202.0 195 607 Feb 12 3242.0 3233.0 3242.0 3200.0 681 ***** Mar 12 3237.0 3225.0 3241.0 3197.0 ***** ***** Apr 12
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    • Article
      Lock icon STOCK INDEX FUTURES
      24 28 Jan 4 Open High Sett STI Jan 2711 SIMSCI Jan 307.5 309.8 308.3 Taiwan Jan 254.5 257.1 256.1 Source: SGX Derivatives
      24 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 28 Jan 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3316 1.3333 1.0356 1.0361 Canadian dollar 1.2687 1.2700 0.9867 0.9870 Euro 1.6768 1.6788 1.3041 1.3046 NZ dollar 1.0137 1.0152 0.7884 0.7889 Sterling pound 2.0118 2.0136 1.5646 1.5648
      154 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 28 Jan 4 S$ Bid Offer 1-month 1.2858 1.2869 2-months 1.2858 1.2869 3-months 1.2856 1.2866 6-months 1.2840 1.2852 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 28 As at 9am Jan 04 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.362 1.298 Can dollar 1.293 1.244 Euro 1.708 1.643 Sterling pound 2.047 1.969 NZ dollar 1.043 0.994 US dollar 1.305 1.255 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      155 28 Jan 4 $S Offer Bid 0vernight 0.03 0.02 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.02 US$ Offer Bid 7 days 0.30 0.20 1 month 0.45 0.25 2 months 0.55 0.35 3 months 0.70 0.50 6 months 0.95 0.75 9 months 1.15 0.95 12
      155 words
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  • BizIT
    • Article, Illustration
      Lock icon Flyer rechannels marketing dollars to digital media
      645 29  -  It beefs up digital marketing budget and plans mobile app to to buy tickets, reports VICTORIA HO VICTORIA HO THE Singapore Flyer is shifting its marketing budget to digital ways of reaching out to sightseers, its head of IT told BizIT. Ong Boon
      FILE PHOTO  -  645 words
    • Article
      Lock icon The cloud is transforming businesses of all sizes
      723 29  -  It is changing disaster recovery, data analysis, resource management <you say> By WERNER VOGELS The author is the chief technology officer of Amazon Web Services CLOUD computing is disrupting the traditional way of doing business and the old way of thinking. As
      723 words
    • Article
      Lock icon 1.4m orders for world's cheapest tablet in India
      352 29 AFP [NEW DELHI] The world’s cheapest tablet computer has clocked 1.4 million bookings since it was put up for sale online two weeks ago in India, a spokeswoman told AFP on Tuesday. Bookings for the long-awaited Aakash, pegged at 2,500 rupees (S$61),
      AFP  -  352 words
    • Article, Illustration
      Lock icon Samsung brings out five new devices here
      391 29  -  By VICTORIA HO SAMSUNG has launched a slew of phones and tablets in the country: two Android phones and tablets, and a Windows Phone. Out of these is its Android Honeycomb Galaxy Tab 7.7, the successor to lastyear’s Galaxy Tab 10.1. The 7.7
      391 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Hope for US housing market in 2012
      810 30 Predictions include rising rents, a recovery in housing prices, and even some unexpected ‘hot’ spots The author is a Reuters contributor. The opinions expressed are his own Reuters THIS new year might be the one in which the housing market starts to strengthen,
      Reuters; AFP  -  810 words
    • Article
      Lock icon Househunt
      975 30 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 27 WITH CONTRACT DATES BETWEEN DEC 7 AND DEC 13, 2011 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED People's Park Cplx Apt 13/12/2011 99 409 530 1296 People's Park Cplx Apt
      975 words
    • Article, Illustration
      Lock icon Las Vegas hotel-casino loses Hilton name
      361 31 AP [LAS VEGAS] The Las Vegas Hilton hotel-casino officially changed its name to drop its hotel chain moniker on Tuesday after a licence agreement expired at the start of 2012. Workers changed the hotel marquee to reflect the new name for the property east
      AP  -  361 words
    • Article, Illustration
      Lock icon Manhattan apartment sales slide 12% in Q4
      555 31 Purchases of condos and co-ops declined to 2,011 from 2,295 in Q4 2010 Bloomberg [NEW YORK] Manhattan apartment sales fell 12 per cent in the fourth quarter from a year earlier as Europe’s debt crisis and sluggish US job growth dimmed buyer appetites.
      Bloomberg; BLOOMBERG  -  555 words
    • Article, Illustration
      Lock icon China home prices fall for fourth month
      555 32 Government says it won’t back away from real estate industry curbs Bloomberg [SHANGHAI] China’s home prices fell for a fourth month in December after the government reiterated plans to maintain property curbs, according to SouFun Holdings Ltd. Residential prices dropped 0.25 per cent
      Bloomberg; BLOOMBERG  -  555 words
    • Article, Illustration
      Lock icon UK mortgage approvals little changed in Nov
      592 32 Bloomberg [LONDON] UK mortgage approvals were little changed in November as weakening consumer confidence and economic uncertainty restrained demand for property. Lenders granted 52,854 loans to buy homes compared with a revised 52,786 the previous month, the Bank of England said here yesterday.
      Bloomberg; BLOOMBERG  -  592 words
  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      36 30 Residential Sales Come home to your dream address Savills has over 200 offices and associates worldwide to meet all your real estate needs, anywhere in the world. Call 6836 6888 I savills.com savills AGENCY NO. L*****87F
      36 words
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  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      183 31 Please call DIZ. hub 28 i <4 I itt 0525 Developer Aston Investments Development Pte Ltd Sole Marketing Agent a INTERNATIONAL Estate Agent Uc. No: 1300*01*0 R>r. FREEHOLD B1 Business space Grow within a lifestyle growing Hub From $555psf FOREIGNERS and PRs eligible Near to PIE and ECP 6m Ceiling
      183 words
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  • Page 32 Advertisements
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      Lock icon Page 32 Advertisements Column 1
      391 32 mm > 5000 sqfl built in/ 3 storey unit 5 minutes walk to Orchard Road (Paragon Shopping Center) Freehold, 4+1 bedrooms, attached bathrooms 2 carpark 100% newly renovated For all enquiries call *****546 *****966 MH International Property Group Pte Ltd A Singapore based Boutique Real Estate Broker Focusing On Commercial
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