The Business Times, 17 January 2012
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2012-01-17
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The Business Times
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Title Section25 2012-01-17 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Tuesday, January 17, 201225 words
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1070 2012-01-17 1 TEH SHI NING - DPM Teo explains balance between competitive pay and political service, importance of ‘clean wage’ By TEH SHI NING [SINGAPORE] It is seen by most as a significant step in the right direction, but even as the government reiterated core principles behind1,070 words
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Article, Illustration829 2012-01-17 1 KALPANA RASHIWALA - Level falls to lowest in 2 years; more units are returned By KALPANA RASHIWALA [SINGAPORE] The introduction of the additional buyer’s stamp duty (ABSD) last month sent developers’ private home sales in December to their lowest level in two years, latest officialSource: - 829 words
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MARKETS DIGEST
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Article108 2012-01-17 1 HST INDEX 2,756.49 (-35.05) HST INDEX FUTURES 2,756 (-35) HSIMSCI 315.23 (-4.22) HSIMSCI FUTURES 314.70 (-4.40) us$ s$ US$ (S$ per US$) 1.292 (US$/S$ per 1.531 1.978 EURO (US$/S$/E) 1.265 1.635 Foreign currency per US$ S$ YEN 76.80 59.50 RM 3.145 2.434 HK$ 7.769 6.012 BAHT 31.91 24.69 RUPIAH108 words
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Article18 2012-01-17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.800 TAIWAN 5.036 JAPAN 1.475 Source: Source: Bloomberg18 words
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Page 1 Advertisements
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Advertisement49 2012-01-17 1 SME Inc Select Group’s people philosophy PAGE 10 8 *****1 *****4 PATEK PHILIPPE GENEVE Begin your own tradition. THE HOURGLASS SINGAPORE TAKASHIMAYA S.C. T. 65-6734 2420 KNIGHTSBRIDGE T. 65-6884 8484 TANG PLAZA T. 65-6235 7198 ONE RAFFLES PLACE T. 65-6534 5855 www.thehourglass.com Ladies Automatic Nautilus in steel Ref. 7008/1A49 words
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Advertisement8 2012-01-17 1 PROPERTY IRAS offers clarifications about ABSD PAGE 308 words
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Advertisement25 2012-01-17 1 MA’S RE-ELECTION Bullish for financial markets; a relief for Beijing PAGES 3, 24 For the full text of Teo Chee Hean’s speech, go to http://www.businesstimes.com.sg25 words
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Advertisement15 2012-01-17 1 CHINA SKY Singapore Exchange withdraws lawsuit PAGE 2 Ministerial pay debate: More reports, Page 415 words
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TOP STORIES
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506 2012-01-17 2 LYNETTE KHOO - Both sides’ lawyers have met but China Sky directors were absent at hearing By LYNETTE KHOO [SINGAPORE] The Singapore Exchange has executed a dramatic U-turn, backing away from its unprecedented court application against China Sky Chemical Fibre. SGX said yesterday that506 words
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Article, Illustration654 2012-01-17 2 JAMIE LEE - Region is vulnerable to financial channels of contagion: official By JAMIE LEE in Hong Kong THE International Monetary Fund’s (IMF) first deputy managing director David Lipton yesterday included Asia in the fund’s campaign to raise its lending capacity to countries thatBLOOMBERG - 654 words
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831 2012-01-17 2 GRACE LEONG - Other changes aim to get MNCs to base regional HQ here By GRACE LEONG [SINGAPORE] Several proposed amendments to the Legal Profession Act and Evidence Act by the Ministry of Law introduced in Parliament yesterday are aimed at encouraging more MNCs to locate831 words
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421 2012-01-17 2 S JAYASANKARAN - Sale to DRB-Hicom another milestone in divestment plan By in S JAYASANKARAN in Kuala Lumpur MALAYSIAN state investment agency Khazanah Nasional yesterday unveiled the sale of its 42.7 per cent interest in national carmaker Proton Holdings to conglomerate DRB-Hicom Holdings for RM1.291 billion421 words
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THREE-MINUTE DIGEST
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53 2012-01-17 2 IT IS seen by most as a significant step in the right direction, but even as the government reiterated core principles behind the reform of political salaries and addressed key concerns in Parliament yesterday, it acknowledged that the issue is, ultimately,53 words
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47 2012-01-17 2 THE introduction of the additional buyer’s stamp duty last month sent developers’ private home sales in December to their lowest level in two years, official statistics showed, even though the figure for the full year was still a record.47 words
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48 2012-01-17 2 THE Singapore Exchange has executed a dramatic U-turn, backing away from its unprecedented court application against China Sky Chemical Fibre. SGX said yesterday that it had withdrawn its originating summons filed with the High Court on Jan 6 in its entirety.48 words
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53 2012-01-17 2 EUROPEAN markets were mixed yesterday, despite worries about a potential Greece default and rating company Standard Poor’s eurozone debt downgrades. Traders took the sanguine view that stock and bond prices had discounted the S&P downgrades and that Greek talks tomorrow53 words
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70 2012-01-17 2 SINGAPORE Exchange said second-quarter profit dropped 11.8 per cent on a slowdown in its securities business, near the low end of estimates that had been cut following a dismal December. But chief executive Magnus Bocker stressed that SGX was reaping the70 words
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40 2012-01-17 2 JAPAN could be next in line to have its sovereign debt rating lowered in the wake of Standard Poor’s mass downgrade of the sovereign debt of eurozone countries, suggested economists in Tokyo yesterday.40 words
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40 2012-01-17 2 THE offshore renminbi market will soon have a bigger international platform as London yesterday moved to develop itself as an offshore trading centre for the Chinese currency while deepening its ties with the region.40 words
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70 2012-01-17 2 SEVERAL clarifications were made by the Inland Revenue Authority of Singapore in its revised e-Tax Guide on the government’s latest property cooling measure the additional buyer’s stamp duty. One of the clarifications involved the quantum of stamp duty payable by a foreigner70 words
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Article, Illustration438 2012-01-17 3 Bloomberg [TAIPEI] The re-election of Taiwanese President Ma Ying-jeou, a booster of closer ties with China, is bullish for the island’s financial markets, according to Bank Julius Baer Co, Citigroup Inc and Uni-President Assets Management Corp. Julius Baer, which oversees about US$205 billion inBloomberg; AFP - 438 words
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501 2012-01-17 3 RONNIE LIM - Industry welcomes move saying it will draw more players By RONNIE LIM [SINGAPORE] Singapore is pushing ahead with plans for an electricity futures market involving the trading of derivatives and other financial products to boost the competitiveness of the power market here.501 words
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582 2012-01-17 3 NEIL BEHRMANN - Papademos says exiting euro not an option, confident of reaching agreement By NEIL BEHRMANN in London EUROPEAN markets were mixed yesterday, despite worries about a potential Greece default and rating company Standard Poor’s eurozone debt downgrades. In quiet markets because582 words
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Page 2 Advertisements
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Advertisement12 2012-01-17 2 FRONT PAGE FRONT PAGE TOP STORIES, PAGE 2 TOP STORIES, PAGE 312 words
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Advertisement13 2012-01-17 2 COMPANY NEWS, PAGE 5 WORLD, PAGE 17 WORLD, PAGE 20 PROPERTY, PAGE 3013 words
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Page 3 Advertisements
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Advertisement96 2012-01-17 3 Opinion: Ma’s re-election a big relief for Beijing, Page 24 Best Domestic Bond House Malaysia The Asset Triple A Country Awards 2011 Winning for the fourth time is a measure of our commitment to continue delivering the standards that our clients have come to expect from Amlnvestment Bank. To all96 words
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MINISTERIAL PAY DEBATE
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1007 2012-01-17 4 CONRAD TAN - Almost 86% are senior company managers and finance professionals who made at least $1.3m in 2011 By CONRAD TAN [SINGAPORE] Senior company managers and financial services professionals make up nearly 86 per cent of the 1,000 top-earning Singaporeans in the private sector. Each made1,007 words
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1185 2012-01-17 4 CONRAD TAN - Peg ministers’ pay to 90th or 80th percentile of S’poreans’ incomes By CONRAD TAN [SINGAPORE] Members of Parliament from the ruling People’s Action Party (PAP) yesterday broadly welcomed recent proposals to revise ministerial pay but suggested that more could be done to improve1,185 words
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530 2012-01-17 4 EMILYN YAP - It also proposes linking performance bonuses to KPIs By EMILYN YAP [SINGAPORE] In a system envisioned by the Workers’ Party (WP), the monthly pay of the Prime Minister and an entry-grade minister would be pegged to a respective nine times and five times that of530 words
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COMPANY NEWS
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Article, Illustration951 2012-01-17 5 FELDA CHAY - 7-8% growth rate seen as a much healthier business environment By FELDA CHAY SLOWER economic growth in China doesn’t seem to worry Global Logistic Properties’ deputy chairman Jeffrey Schwartz, who believes that demand for modern logistic facilities and warehouses in the country is soARTHUR LEE - 951 words
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672 2012-01-17 5 KENNETH LIM - $65.4m earnings at low end of analysts’ estimates range By KENNETH LIM SINGAPORE Exchange (SGX) said second-quarter profit dropped 11.8 per cent on a slowdown in its securities business, near the low end of estimates that had been cut following a672 words
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Article, Illustration556 2012-01-17 7 JOYCE HOOI - Operating expenses eat into strong sales; final dividend of 7.9 cents By JOYCE HOOI M1’s net profit edged up 0.4 per cent to $37.6 million for its fourth quarter ended Dec 31, 2011, while revenue surged 21.3 per cent to $317.1 million. For theBLOOMBERG - 556 words
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Article, Illustration692 2012-01-17 7 Founder promises proper succession management Bloomberg [TOKYO] Billionaire Richard Elman said that he will soon install a new chief executive officer at Noble Group Ltd as the 71-year-old founder and chairman of Asia’s biggest commodity supplier prepares to ease his managerial control. “I expect someBloomberg; BLOOMBERG - 692 words
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298 2012-01-17 7 KENNETH LIM - By KENNETH LIM GLOBAL Logistic Properties (GLP) sold an upsized $250 million reopening of its 5.5 per cent perpetual bonds at the rich end of price talk, market sources said yesterday. The notes were sold at 100.50 apiece after being marketed at 100.25 to298 words
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346 2012-01-17 8 SIOW LI SEN - 3 new hires aimed at strengthening DBS Private Bank’s management team By SIOW LI SEN DBS Private Bank is beefing up its Greater China operations with three senior new hires to strengthen its management team in the region. Yvonne Hsin, based in346 words
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355 2012-01-17 8 KELLY TAY - Move follows grace for firm to settle new-business issues By KELLY TAY THE interim judicial management of mainboard-list-ed KXD Digital Entertainment Ltd has been further extended to Jan 31. Recently, the Singapore Exchange (SGX) granted KXD a further grace period of five months to355 words
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273 2012-01-17 8 Bloomberg AVIVA Investors, which runs a US$2.1 billion global convertible bond fund, expects sales of the notes to more than double to US$30 billion in the Asia-Pacific region this year as companies redeem maturing debt. Almost 25 per cent of outstanding convertible debtBloomberg - 273 words
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Article, Illustration350 2012-01-17 8 Reuters [HONG KONG] China’s securities regulator plans to relax controls on Hong Kong and overseas listings for Chinese companies and will push for issues of yuan-denomi-nated shares in the offshore yuan market, its vice-chairman Yao Gang said yesterday. A pilot schemeReuters - 350 words
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406 2012-01-17 8 Bloomberg [HONG KONG] Investors may add about US$80 billion of new capital to hedge funds globally this year, the most since 2007, Barclays Plc said in a report. About 56 per cent of investors surveyed by Barclays plan to increase such investmentsBloomberg - 406 words
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Page 5 Advertisements
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Advertisement204 2012-01-17 5 3 V V V-. •mm ttPPW I VV' £>v World's Finest Serviced Offices A cost effective Serviced Office solution Best address, best receptionist, best IT and support Flexible lease terms starting from one month For less than the cost of a secretary We help businesses succeed Call to arrange a204 words
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Advertisement87 2012-01-17 5 GLP adds $250m to 5.5% perpetuals, Page 7 r a; 44 r nr/ 2* w 1 aW -1 MEMBRANE BIO REACTORS SEAWATER DESALINATION TOMORROW TOGETHER Thanks to our capable team, Hitachi is Asia’s trusted water solutions provider. In highly populated nations such as Sri Lanka, Hitachi develops, maintains and upgrades87 words
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SINGAPORE MARKETS
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Article, Illustration628 2012-01-17 6 R SIVANITHY - Jardine group and banks lead fall; index yields 35 points after a 5.5% leap in two weeks STOCKS R SIVANITHY Senior Correspondent AFTER confounding expectations with a 5.5 per cent jump in a fortnight that included a 75-point rise last week, the Straits TimesSource: Bloomberg - 628 words
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Article64 2012-01-17 6 Jan 16 VALUE CLOSE BT OB/OS 485.00-170.00 BT CADI -*****.00-130.00 BT 10-day MA -*****.00 +49.00 FTSE ST Mid Cap 620.75 -3.88 FTSE ST Small Cap 415.26 -1.84 FTSE ST All Share 663.26 -7.41 FTSE ST China Top 200.62 -2.26 FTSE ST China 231.74 -3.46 FTSE ST Catalist64 words
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Article60 2012-01-17 6 VOLUME EuNetworks 58,424,000 Noble Grp 44,273,000 Genting SP 39,832,000 HPH Trust US$ 32,038,000 IEV 32,035,000 Golden Agri 26,775,000 Centillion 24,501,000 See Hup Seng 21,827,000 ChinaFashion 21,550,000 CarrierNet 20,334,000 VALUE($) DBS Grp 70,693,570 Genting SP 60,586,015 SingTel 56,252,750 Noble Grp 49,469,118 UOB 42,414,978 OCBC Bk 39,425,633 Keppel Corp60 words
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Article186 2012-01-17 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 8 2 0 0 0 7 8 2 Manufacturing 26 53 37 7 1 9 33 54 46 Commerce 11 21 15 3 3 2 14 24 17 Tpt/Stor/Comms 6 21 9186 words
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BROKERS’ TAKE
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Article, Illustration269 2012-01-17 6 Jan 16 close: S$1.68 DBS Group Research, Jan 16 THE recent stellar hotel performances from the two integrated resorts in Q2/3 2011 have been eye-catching. We believe that these numbers, contributing close to 9.8 per cent of Singapore’s inventory, could have skewed recently reported tourism statistics. StrippingSource: Bloomberg - 269 words
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Article332 2012-01-17 6 Jan 16 close: S$0.725 OCBC Investment Research, Jan 16 GOLDEN Agri-Resources (GAR) is likely to end off 2011 on a pretty strong note, aided by fairly resilient CPO (crude palm oil) prices. As a recap, GAR posted a 100 per cent increase in its 9M FY11 revenue to332 words
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Article235 2012-01-17 6 LYNETTE KHOO - Compiled by LYNETTE KHOO Jan 16 close: S$0.275 DMG Partners Securities, Jan 16 ADAMPAK provided an update on its Thailand operations last Friday, following a severe flooding in Ayutthaya region back in October where its plant was located. The Thai subsidiary has recently entered into a lease agreement for235 words
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Article133 2012-01-17 6 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first, second, or third quarter133 words
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Article119 2012-01-17 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,836 13,836 49,388 49,388 Manufacturing 111,492 44,214 155,706 91,534 1,200 92,734 Commerce 75,749 10,969 86,718 96,599 1,217 97,817 Tpt/Stor/Comms 88,472 9,001 97,473 131,144 1,240 132,383 Finance 15,936 15,936 163,480 163,480 Construction 38,789 597 39,386 9,788119 words
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Article114 2012-01-17 6 Stock name Close Change Stock name Close Change CapMallsAsia 1.240 -0.025 CapitaLand 2.350 -0.050 CapitaMall 1.730 -0.015 CityDev 9.270 -0.050 ComfortDelGro 1.440 -0.005 DBS Grp 12.550 -0.370 F&N 6.330 -0.140 GLP 1.805 -0.060 Genting SP 1.515 -0.025 Golden Agri 0.725 -0.015 HK Land 4.820 -0.150 JMH114 words
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Article, Illustration479 2012-01-17 6 CURRENCIES Reuters [LONDON] The euro held near a 17-month low versus the US dollar and hit an 11-year low against the yen yesterday as mass downgrades of eurozone states threatened the lending capacity of the eurozone’s bailout fund and with Greece’s future in theReuters; BLOOMBERG - 479 words
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Article112 2012-01-17 6 BY CENTS CLOSE UP JMH 4969 40.1 0.6 DBXT S&P Short 10US$ 4050 37.5 0.7 DBXT MSMSIA 10US$ 1257 29.7 1.9 JSH 3000 23.3 0.6 Hyflux 6% CPS 10 ***** 20.0 0.2 DairyFarm 965 19.4 1.6 WBL Corp 323 19.0 6.3 Great Eastern 1320 10.0 0.8 DBXT MSEmerAsi 10US$112 words
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Article131 2012-01-17 6 BY CENTS CLOSE DOWN Jardine C&C 4980 -130.0 -2.5 DBXT MSKorea 10US$ 5220 -121.5 -1.8 DBXT FTChina25 10US$ 2689 -49.1 -1.4 DBXT MSTHAI 10US$ 1541 -38.8 -1.9 DBS Grp 1255 -37.0 -2.9 DBXT MSTaiwan 10US$ 1619 -32.3 -1.5 DBXT MSINDO 10us$ 1479 -23.3 -1.2 Lyxor China H 10US$ 1332131 words
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Advertisement54 2012-01-17 7 AWARDED NUMBER IN SINGAPORE FOR CFD CUSTOMER SATISFACTION IG MARKETS CFD trading can result in losses that exceed your initial deposit. Highest overall ratings in the CFD industry for customer satisfaction. Source: Investment Trends Singapore CFD FX Report 2010 &2011. IG Markets (ACRA No. *****621X) is licensed by the MAS54 words
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Advertisement391 2012-01-17 8 WANXIANG I N T E R N A T I O N A L WANXIANG INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****2962C) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Wanxiang International Limited (the “Company”) will be held391 words
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Advertisement90 2012-01-17 8 >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 THEY UNDERSTAND YOUR BUSINESS? TH&&H4RTERED A NO-ONE'S BETTER Q 84% of FTSE 100 companies have an ICAEW Chartered Accountant on their board. Now you know90 words
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SINGAPORE NEWS
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Article, Illustration676 2012-01-17 9 CHUANG PECK MING - Tan Chuan-Jin: More than 66,000 S’poreans hired by the financial sector YESTERDAY IN PARLIAMENT By CHUANG PECK MING SINGAPOREANS continue to far outnumber foreigners on the payrolls of financial and healthcare services companies, despite the rising visibility of non-Singa-poreans working in these676 words
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468 2012-01-17 9 EVE YEO - Need to avoid wage stagnation of middle and lower income By EVE YEO INCOME inequality is a common societal phenomenon, and Singapore has to ensure upward mobility for every citizen, said Deputy Prime Minister Tharman Shanmugaratnam yesterday. “We have a large468 words
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378 2012-01-17 9 EDWIN LOH - By EDWIN LOH DEPUTY Prime Minister Tharman Shanmugaratnam yesterday urged a cautious approach to resolving the foreign labour issue, as Singapore faces slow growth in the near future. The slower growth in foreign worker numbers will have to be matched in-sync with378 words
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415 2012-01-17 9 VICTORIA HO - By VICTORIA HO THE launch of a new SAP research centre marks the latest step in Singapore’s efforts to up the level of specialised technology talent here, said Teo Ser Luck, Minister of State for Trade and Industry. Speaking to the press at415 words
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Article, Illustration410 2012-01-17 9 KELLY TAY - And S’pore stands to gain immensely from economic power shift By KELLY TAY IN spite of or perhaps because of the West’s economic woes, KPMG believes Singapore is well positioned to turn adversity into opportunity. Said Tay Hong Beng, head of tax, KPMG inARTHUR LEE - 410 words
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Page 9 Advertisements
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Advertisement144 2012-01-17 9 Are You Struggling To Earn $8,000 A Month? Do You Want To Start A Profitable Business in Singapore and 16 Countries Worldwide? Professor Dr Timothy Stearns "GLOBAL ENTREPRENEUR Program is unique, with a strong emphasis on application. Following a PROVEN Step-by-Step road map is the fastest, smartest way to start144 words
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Advertisement400 2012-01-17 9 WATS NOTICES +.(_@>+}+<|\`?;-?)%!~^,*!>.!+{" IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF STUDIO D’BEAUMONDE PTE LTD (In Members’ Voluntary Liquidation) Company Registration No. *****2818D NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to section 308(2) of the Companies Act, Cap. 50, that a Final400 words
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SME Inc
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Article, Illustration1097 2012-01-17 10 EDWIN LOH - A family-like work environment has helped Select Group grow into a food and beverage heavyweight, reports EDWIN LOH EDWIN LOH FAMILY is something close to Select Group managing director Vincent Tan’s heart, and this is apparent when he talks about his business. After all, itARTHUR LEE - 1,097 words
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Article, Illustration1220 2012-01-17 10 THOMAS MENKHOFF - It needs a bold vision and mindful leadership to enhance connectivity and innovation through collaborative knowledge hubs COMMENTARY By THOMAS MENKHOFF The writer is an associate professor of organisational behaviour human resources (practice) at the Singapore Management University IF all goes well, Asean willFILE PHOTO - 1,220 words
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Article, Illustration1093 2012-01-17 12 TAM YU LING - Plunify’s FPGAAccel lets engineers run their chip design processes faster while utilising less resources, reports TAM YU LING TAM YU LING COMPANIES in the semiconductor industry often face a problem when crunch time comes, as they have to deliver their finished products to multiple clientsYEN MENG JIIN - 1,093 words
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Article, Illustration726 2012-01-17 12 ANDREW LEE - ANDREW LEE Engage SMU profs Andrew Lee is associate professor of accounting practice at the Singapore Management University Q: The government has recently called for greater productivity across various sectors. The obvious benefits aside, what are the challenges and costs in undertaking726 words
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EMERGING ENTERPRISE
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Article, Illustration1355 2012-01-17 11 MINDY TAN - TANlooks at how local banks can help small and medium enterprises overcome the obstacle of financing as they expand overseas MINDY TAN WHILE small and medium enterprises (SMEs) are increasingly aware of, and willing to attempt overseas expansion, many obstacles still stand in their way.STOCKXCHNG - 1,355 words
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Advertisement218 2012-01-17 11 Emerge as this year's top business player The Emerging Enterprise Award returns to recognise Singapore's most enterprising SMEs. Once again, up to three SMEs will each receive S$390,000 in prizes comprising an interest-free* loan, professional services, training programmes and support in capability development. The two winners of the "Best Innovation218 words
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Advertisement504 2012-01-17 12 *1 WATS 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 (1) THE WYNTON GROUP (MGMT) PTE. LTD. Co. Reg. No. *****4673W (2) LION CAPITAL PTE. LTD. Co. Reg. No. *****3173K (IN MEMBERS’ VOLUNTARY LIQUIDATION) FINAL GENERAL MEETING504 words
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Advertisement169 2012-01-17 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SONY MARKETING INTERNATIONAL (SINGAPORE) PTE LTD Co. Reg. No. *****1988Z (IN MEMBERS’ VOLUNTARY LIQUIDATION) FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Act, Cap. 50, that a Final General169 words
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Advertisement187 2012-01-17 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF COMPAGNIE FINANCIERE SINGAPORE PTE. LTD. Company No. *****4767Z (In Members’ Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting of187 words
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Advertisement319 2012-01-17 12 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF FORTUNE HOMES PTE. LTD. [COMPANY REGN NO. *****0742H] (Incorporated in the Republic of Singapore) (In Liquidation) Members’ Voluntary Winding-Up At an Extra-Ordinary General Meeting of Members of FORTUNE HOMES PTE. LTD. convened and held at No319 words
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Advertisement107 2012-01-17 12 Brought to you by: HAVE a pressing question about a business related issue that your company is facing? Professors from the Singapore Management University (SMU) will provide their expert advice and answers to your queries on a fortnightly basis. All you need to do is shoot us an e-mail with107 words
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ECONOMY WATCH
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Article, Illustration652 2012-01-17 13 Decoupling is due to ECB rate cuts, promises to banks of unlimited cash Bloomberg [NEW YORK] The euro is losing the relationship with riskier assets that underpinned the currency in 2011 as the deepening sovereign debt crisis reduces the creditworthinessBloomberg; AP - 652 words
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268 2012-01-17 13 Reuters [MANILA] Higher oil prices stemming from geopolitical tensions in Iran and other Middle Eastern countries could lead to elevated inflation levels in the Philippines, but the average rate should remain within target, central bank governor Amando Tetangco said yesterday. The BangkoReuters - 268 words
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465 2012-01-17 13 It has begun negotiations for US$3.2b loan Bloomberg [CAIRO] Egypt’s ability to secure the foreign aid crucial to pulling it out of the worst economic slump in a decade may hinge on its success at persuading the International Monetary Fund (IMF) to giveBloomberg - 465 words
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377 2012-01-17 13 Reuters [DUBAI] Economic Zones World (EZW), a unit of Dubai World, is considering the sale of its UK-based warehouse property developer Gazeley, as it looks to repay some of its debt of over US$2 billion this year, three bankingReuters - 377 words
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518 2012-01-17 13 NYT [PARIS] As France and other European nations grapple with the downgrade of their sovereign debt by Standard Poor’s last Friday, a longer-term test looms over whether those nations will now turn towards improving Europe’s economic competitiveness. Most European countries have embraced the austerityNYT - 518 words
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Page 13 Advertisements
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Advertisement24 2012-01-17 13 GET IT NOW! •30 SETS OF FIJI WATER PARTY PACKS WORTH $136 EACH •33 SETS OF WELLA SP COLOR SAVE HAMPER WORTH $122 EACH24 words
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Advertisement107 2012-01-17 13 Wherever you go, never miss out on the stock market action with ShareInvestor Mobile Download forFREEfrom Apple Apps store for iPhone, iPad users and Android Market for Android users. Get it now. Scan QR Code with your mobile and learn more about our application.* Android iPhone You will need to107 words
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MALAYSIA/INDONESIA
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Article, Illustration569 2012-01-17 14 Partnership back on track after meeting to resolve row over a debt repayment Bloomberg [LONDON] Nathaniel Rothschild, billionaire founder of coal producer Bumi plc, said he’s mended ties with Indonesia’s Bakrie family, the company’s largest shareholder, after they affirmed a debt repaymentBloomberg; BLOOMBERG - 569 words
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Article338 2012-01-17 14 UBS hired to handle sale; price set at no less than 510 rupiah Reuters [JAKARTA] Malayan Banking Bhd (Maybank), Malaysia’s biggest lender by assets, has appointed UBS to handle the sale of a stake in its banking unit, PT Bank Internasional Indonesia (BII), itsReuters - 338 words
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283 2012-01-17 14 Bloomberg [KUALA LUMPUR] Private investment in Malaysia beat the government’s target last year with International Business Machines Corp and Toshiba Corp among companies pledging to further spend in Southeast Asia’s third-biggest economy. Investment exceeded RM90 billion (S$37 billion), surpassing the government’s RM83 billion target, InternationalBloomberg - 283 words
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322 2012-01-17 14 Xinhua [KUALA LUMPUR] As fear of a spillover from the European debt crisis looms in other parts of the world, the CEO of Maybank Investment Bank, Zafrul Aziz, said that there would be no risk of a hard landing in emerging economies inXinhua - 322 words
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Advertisement255 2012-01-17 14 2011 Finalists (From left): Rikesh Supra, Flead of Corporate Sales (Corporate Sales Manager), Dealguru Floldings Pte Ltd, www.deal.com.sg; Jun Mardian Sugandhi, Winner of Redken Most Stylish Look, Fledge Fund Manager, MGC Partners Pte Ltd and Willy Foo, Manager, Ministry of Defence ms EXE 4 VSAi 1 Mis!: US I 1255 words
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INDIA
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Article, Illustration480 2012-01-17 15 Reuters [VICENZA, Italy] Gold jewellery demand in India, a major global market, is estimated to have risen 5-7 per cent in 2011 and is set to grow a further 10-15 per cent this year with bullion prices falling back after recent gains,Reuters; BLOOMBERG - 480 words
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Article, Illustration436 2012-01-17 15 Central bank may hold rates as price index rise eases to 7.47% from 9.11% Bloomberg [NEW DELHI] India’s inflation slowed to the lowest level in two years, giving the central bank scope to keep interest rates on hold for aBloomberg - 436 words
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Page 15 Advertisements
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Advertisement24 2012-01-17 15 To prevent dominance by big developersHK surveyors suggest cuttingup land in small parcels cutting ud lana To subscribe, call 6388-3838 or go to sphsubscription.com.sg24 words
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Advertisement83 2012-01-17 15 Where others see a barren landscape, we may point out a fertile opportunity. The analyses and insights offered by BUSINESS TIMES The Business Times make you look at things differently and spot that window of opportunity when it crops up. Decision makers see us as a daily source of intelligence.83 words
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GREATER CHINA
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284 2012-01-17 16 Reuters [BEIJING] Chinese banks must conduct regular stress tests and improve analysis to detect risks that may not be reflected in the falling ratio of bad loans and better loss provisioning, the country’s top banking regulator wrote in an article published yesterday.Reuters - 284 words
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601 2012-01-17 16 Their desire to acquire a stake in an existing Chinese fund manager drives up valuations Reuters [SHANGHAI] China’s US$350 billion mutual fund industry may be stumbling due to a sliding stock market and fierce competition but that has not stopped new foreignReuters - 601 words
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Article, Illustration533 2012-01-17 16 Bloomberg [HONG KONG] Yuan loans and dim sum bond sales in Hong Kong will expand rapidly this year as appreciation of the currency is expected to slow and China relaxes investment rules, the city’s financial services secretary says.Bloomberg; BLOOMBERG - 533 words
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447 2012-01-17 16 Bloomberg [LONDON] English soccer’s Premier League may have to give away its television rights for free to build its fanbase in China. Super Sports Media pays the league for rights, then sells the matches featuring teams like Manchester United and Liverpool to regionalBloomberg - 447 words
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Article, Illustration435 2012-01-17 16 NYT [NEW YORK] Virtual mobile network operators companies that buy and resell calling, text and Internet services from actual network operators have come and gone. Nevertheless, China Telecom, the Chinese equivalent of the old AT&T in the United States or BT in Britain,NYT; BLOOMBERG - 435 words
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Page 16 Advertisements
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Advertisement247 2012-01-17 16 How IT can improve your bottom line Now’s the best time to take advantage of the business IT options available to you: infocomm technology, infrastructure and communications support and schemes to enhance productivity. Infocomm technology is a key enabler for growing business and helps to overcome manpower constraints. Optimising technology247 words
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WORLD
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501 2012-01-17 17 ANTHONY ROWLEY - Warning comes as S&P’s downgrades of eurozone nations shake Asian markets By in Tokyo ANTHONY ROWLEY in Tokyo JAPAN could be next in line to have its sovereign debt rating lowered in the wake of Standard Poor’s mass downgrade of the sovereign debt501 words
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Article, Illustration864 2012-01-17 17 A digital version of mom-and-pop shop taking on Wal-Mart NYT [NEW YORK] Giant e-com-merce companies like Amazon are acting increasingly like their big-box brethren as they extinguish small competitors with discounted prices, free shipping and easy-to-use apps. Big online retailers had a 19 per centNYT; REUTERS - 864 words
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638 2012-01-17 17 NYT [PALO ALTO] Sam Odio expected a few congratulatory e-mails when he sold Divvyshot, his online photo-sharing service, to Facebook last April for millions of dollars. Instead, his in-box was flooded with pitches from Goldman Sachs, Morgan Stanley and other Wall StreetNYT - 638 words
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Article, Illustration339 2012-01-17 17 It says fallout from EU debt crisis should be watched carefully Reuters [TOKYO] Japanese banks are having no trouble raising funds despite tensions in global financial markets, Bank of Japan (BOJ) governor Masaaki Shirakawa said, although he warned that the fallout from Europe’sReuters; AFP - 339 words
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426 2012-01-17 17 Bloomberg [TOKYO] Japan’s machinery orders rebounded last November, signalling that companies are willing to invest even as the yen remains strong and the global economy slows. Bookings, an indicator of future capital spending, rose 15 per cent in November from aBloomberg - 426 words
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697 2012-01-17 18 Entities from Diageo to Nascar owners benefit from tax policy on autopilot Reuters [WASHINGTON] UK-based Diageo, the world’s biggest liquor company that sells Captain Morgan’s rum, is enjoying a US$2.7 billion subsidy from the US Virgin Islands, aided in part by aReuters - 697 words
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Article, Illustration671 2012-01-17 18 Bloomberg [SYDNEY] Australian banks may scrap 7,000 jobs in the next two years as the nation’s lenders cut costs that account for 58 per cent of expenses to offset the weakest credit growth since World War II, according to UBSBloomberg; BLOOMBERG - 671 words
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Article, Illustration736 2012-01-17 18 But prices drop for biggest three-day slide in a month Bloomberg [NEW YORK] Speculators increased wagers on rising commodities to the highest level since November just as prices headed for the biggest three-day slide in almost a month. Money managers expanded combined net-long positions acrossBloomberg; REUTERS - 736 words
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448 2012-01-17 18 Reuters [PARIS] France’s biggest listed bank BNP Paribas could save jobs and soften the pain of its investment banking cutbacks by scrapping its dividend for 2011, according to an auditor’s report obtained by Reuters. BNP is eyeing almost 1,400 staff cuts atReuters - 448 words
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Article, Illustration596 2012-01-17 19 It will focus on debt products, risk management and transactional banking Reuters [DUBAI] Part-nationalised Royal Bank of Scotland is in talks to sell its mergers and acquisitions business in the Middle East and cut some jobs as part of a global restructuring atReuters; BLOOMBERG - 596 words
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Article, Illustration638 2012-01-17 19 Ex-ambassador to China will endorse Mitt Romney AP [WASHINGTON] Jon Huntsman, the former ambassador to China whose presidential campaign never connected with Republican primary voters, was to withdraw from the race for the nomination later yesterday, his campaign manager told The AssociatedAP - 638 words
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Article, Illustration553 2012-01-17 19 Reuters [MANILA] The Philippine Senate began the impeachment of the country’s top judge yesterday in a case that could last months and distract President Benigno Aquino from a promised focus on lifting the economy and rooting out corruption. Supreme Court Chief Justice Renato CoronaReuters; REUTERS - 553 words
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389 2012-01-17 19 Reuters [THE HAGUE] A new tribunal for the resolution of disputes involving complex financial instruments opened in The Hague yesterday, a bid by the Netherlands to win more business in the financial and legal services sectors. The Panel of Recognised International MarketReuters - 389 words
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308 2012-01-17 19 Reuters [SEOUL] North Korea’s new leadership under the inexperienced Kim Jong-un appears to be functioning “relatively smoothly”, but he has to look beyond key ally China to rebuild its shattered economy, South Korea’s seniormost official on the North said yesterday. Unification MinisterReuters - 308 words
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812 2012-01-17 20 JAMIE LEE - Deals signed with HKMA on clearing, settlement, product development By JAMIE LEE in Hong Kong THE offshore renminbi market will soon have a bigger international platform as London yesterday moved to develop itself as an offshore trading centre for the Chinese currency while deepening812 words
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Article, Illustration1079 2012-01-17 20 ‘The Artist’ picks up 3 trophies; ‘The Descendants’ bags 2 Reuters [LOS ANGELES] Silent-era film The Artist and family drama The Descendants were the top film picks at the Golden Globe Awards on Sunday in a loose-lipped awards show that even hadReuters; Photos: - 1,079 words
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Article569 2012-01-17 20 AFP, AP, Reuters AFP AP [PARIS] French President Nicolas Sarkozy secured a small boost from Moody’s rating agency yesterday following a bruising downgrade last week of the way that the country had been handling its economy and the wider European debt crisis. Moody’s said yesterday thatAFP, AP, Reuters; AFP; AP - 569 words
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556 2012-01-17 20 NYT [ATHENS] As Greece and its lenders prepare for another week of tense negotiations, European officials now say that the task is less to help the country through its troubles than to avoid the sort of uncontrolled default that many experts fear couldNYT - 556 words
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Page 17 Advertisements
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Advertisement334 2012-01-17 17 IN THE MATTER OF THE COMPANIES ACT, CAP 50 (“the Act”) AND IN THE MATTER OF NAOTRITROY INVESTMENT PTE. LTD. (“the Company”) (Co. Reg. No. *****3118W) Notice of Resolutions for Members’ Voluntary Liquidation (Pursuant to Section 290) At an Extraordinary General Meeting of the Company held at 13A Mackenzie Road,334 words
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AVIATION
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Article, Illustration530 2012-01-17 21 Interest emerging as American Airlines goes through bankruptcy process NYT [NEW YORK] As American Airlines trudges through its bankruptcy proceedings, potential suitors are coming out of the woodwork. Delta Air Lines and TPG Capital, the private equity firm, are considering separate bids forNYT; AP FILE PHOTO - 530 words
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233 2012-01-17 21 VEN SREENIVASAN - By VEN SREENIVASAN SINGAPORE Airlines filled 79.6 per cent of its seats in December last year, down 1.1 percentage points from 80.7 per cent a year earlier. This was due to a 3.2 per cent rise in capacity, versus a 1.8 per233 words
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Article, Illustration576 2012-01-17 21 Airline to freeze pay, hiring, cut bonuses for 50 top managers Bloomberg [PARIS] Air France-KLM Group will freeze pay and hiring to cut costs by one billion euros (S$1.64 billion) while beginning productivity talks with unions aimed at delivering a similar saving itBloomberg; AFP - 576 words
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274 2012-01-17 21 Reuters [FRANKFURT] Germany’s largest airline Lufthansa offered a 3.3 per cent pay hike at the start of tricky wage talks with labour unions in Germany, just as its employees brace for a further round of cost-savings measures. The airline, which madeReuters - 274 words
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205 2012-01-17 21 Bloomberg [STOCKHOLM] Credit default swaps insuring the bonds of SAS AB signal there’s a 78 per cent chance of the Nordic region’s largest carrier being unable to meet its commitments, making it the world’s riskiest airline debt. It now costs 3.6 million euros (S$5.9Bloomberg - 205 words
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330 2012-01-17 21 Bloomberg [BERLIN] A global emissions trading programme for airlines may not be created before 2018 after the European Union (EU) started to impose pollution curbs on aviation this year, according to the German government. Germany, Europe’s biggest economy, has intensified efforts to secure aBloomberg - 330 words
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Page 21 Miscellaneous
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Miscellaneous322 2012-01-17 21 CRYPTIC CROSSWORD Across 1 One beginning to attend to five coming in for start of treatment (6) 4 Insulating material, like finest used by sailor (8) 9 Fiery pit shown in painting (6) 10 Member’s spoken about one concerned with heraldry (8) 11 Italian must go after fall? Don’t be322 words
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Page 22 Advertisements
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Advertisement1259 2012-01-17 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~1,259 words
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Advertisement584 2012-01-17 22 PKL TEL: (03) *****588 FAX: (03) *****566 PEN TEL: (04) *****00 FAX: (04) *****99 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN FIGARO FX201 04/01 08/01 10/01 13/01 18/01 25/01584 words
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SHIPPING
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Article, Illustration699 2012-01-17 23 Consumer attitudes may sour on safety concerns, freezing plans for boat trips Reuters, Bloomberg [MILAN] The spectacular cruise liner accident off the coast of Italy is not just a disaster for the ship’s owners, but could inflict wider damage on an industry already facingReuters,; Bloomberg; AFP - 699 words
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Article258 2012-01-17 23 SGX '000 Jan 16 S$ +/-Vol CH Offshore 0.37 0.01 59 Chuan Hup Hldg 0.21 0.01 200 Cosco Corp 0.97 -0.01 7147 s$ First Ship Lea 0.30 unch 180 Freight Links 0.06 unch 955 Grand Banks unch unch 0 Jaya Hold Ltd 0.47 0.01 94 K1Ventures 0.09 unch258 words
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334 2012-01-17 23 Bloomberg [SINGAPORE] Samsung Heavy Industries Co won a 2.6 trillion won (S$2.9 billion) order from Japan’s Inpex Corp to construct the world’s biggest liquefied natural gas processing facility, helping the shipbuilder boost offshore projects amid slowing demand for vessels. The plant will beBloomberg - 334 words
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335 2012-01-17 23 Bloomberg [PORT LOUIS] Mauritius expects fuel imports to rise by as much as 23 per cent this year as more ships refuel in Port Louis to avoid high-risk piracy zones in the Indian Ocean, State Trading Corp’s chief executive officer Megh Pillay said.Bloomberg - 335 words
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Article307 2012-01-17 23 Bloomberg [LONDON] China expanded its share of global crude oil shipments in 2011, with government-owned trader China International United Petroleum Chemical Corp rivalling Royal Dutch Shell, currently the world’s largest charterer. Oil tanker bookings by the Chinese company, known as Unipec, for sin-gle-voyage, orBloomberg - 307 words
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Page 23 Advertisements
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Advertisement332 2012-01-17 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~332 words
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Advertisement171 2012-01-17 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) 10/01 22/01 27/01 05/02 11/03 17/03 23/03 22/03 28/03 31/03 Rickmers Hamburg 317 17/01 22/01 28/01 09/02 14/02 23/02 13/03 17/03 21/03 25/03171 words
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Advertisement18 2012-01-17 23 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. the Business Times Shipping Times18 words
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EDITORIAL & OPINION
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505 2012-01-17 24 EDITORIAL THE long-simmering crisis over Iran’s nuclear ambitions could potentially take a dangerous turn after last week’s killing of an Iranian nuclear scientist. At issue is America’s suspicion that Iran is developing nuclear weapons. Iran denies any such intention and says it505 words
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Article, Illustration705 2012-01-17 24 KEMAL DERVIS - THE BOTTOM LINE KEMAL DERVIS The writer, a former minister of economics in Turkey, administrator of the United Nations Development Program (UNDP) and vice-president of the World Bank, is currently vice-president of the Brookings Institution DESPITE years of official talk about addressing global current-account705 words
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Article, Illustration1008 2012-01-17 24 JEAN CHEN SHU-CHING - His victory ensures that China and Taiwan can focus on their urgent domestic problems By in JEAN CHEN SHU-CHING in Hong Kong THE top leadership in Beijing must have breathed a sigh of relief when Taiwan’s incumbent President Ma Ying-jeou was re-elected forAP - 1,008 words
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Article, Illustration1410 2012-01-17 25 ANTHONY ROWLEY - If yuan and yen become denominators of trade deals, this will speed up development of regional bond markets ANTHONY ROWLEY Tokyo orrespondent CHRISTMAS Day was not the best time for Beijing and Tokyo to have chosen to announce an agreement on currency cooperation if theyAFP - 1,410 words
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Article, Illustration925 2012-01-17 25 NEETA LAL - By NEETA LAL The writer is a New Delhi-based senior journalist LIKE the climax of a formulaic Bollywood movie, India’s top tycoons and estranged Ambani brothers Mukesh, 54 and Anil, 52 congregated at their ancestral home in Chorwad, Gujarat last month for a familyPHOTOS: BLOOMBERG - 925 words
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SINGAPORE STOCKS
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Article2353 2012-01-17 26 Transaction date: Jan 16 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 66 50 ABR Hldgs 60 unch 181 60 59 60 62 2.8 3.3 10.8 120.5 Vol Da 112.52,353 words
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Article237 2012-01-17 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 Company Last Sale 1 0.2 t Advanced System 0.4 unch 1 0.4 0.4 0.2 0.4 13.3 6.6 Vol ('000) Day High Last Quote Low237 words
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Article7366 2012-01-17 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha Fund (USD)!** AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd Secure Ascent 2020 Fund 0.*****/0.***** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy7,366 words
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Article201 2012-01-17 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 $mil Low 49 25.5 Genting HK US$ US31 -0.5 ***** 31.5 30.5 30.5 31 2041.2 15 10 OGL Resources A$ A10 5 12 1.5 214 168 TanChongInt HK186201 words
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Article812 2012-01-17 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 $mil 1261 856 CIMBAsean40 100US$ US967 -10 22 967 967 966 975 38.7 ***** ***** DBXT AUD Bonds 5AU$ A***** ***** ***** 45.9 ***** ***** DBXT AUDCS812 words
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Page 26 Advertisements
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Advertisement28 2012-01-17 26 y w ft -5: PURE LEGEND PURE BREITLING BREITLING 1884 TEL. +65 6732 6347 WWW.BREITLING.COM P a SI 8M| I Vfo f NAVITIMER SGD 12,790* prevailing retail price28 words
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FINANCE & COMMODITIES
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373 2012-01-17 28 In local curr In S$ In US$ dy yr dy yr dy yr Jan 13 Index Change Change Change Change Change Change World Preliminary 846.5 -0.4 2.0 -0.4 1.2 -0.7 1.4 EAFE Preliminary 692.6 0.0 1.5 -0.3 0.0 -0.5 0.2 Europe Preliminary 1040.3 -0.4 1.3373 words
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Article77 2012-01-17 28 CRUDE OIL PRODUCTS Jan 13 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.59 -3.06 WTI (Near Mth) 99.20 0.21 Dubai (1-Mth F) 108.77 -1.68 Tapis blend 118.15 -2.02 Minas 16.35 -2.02 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.97 -0.14 Jet Kerosene 127.10 -1.20 US$/barrel Opec Oil77 words
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Article, Illustration114 2012-01-17 28 As on 13 January 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METALS GOLD FUT FEB2012 1649.70 1627.50 1630.70 356 CURRENCY AUD-USD FUT MAR2012 1.0292 1.0230 1.0201 3065 EUR-USD FUT MAR2012 1.2879 1.2658 1.2659 8169 USD-JPY FUT MAR2012 76.92 76.63 76.85 2982 BASE METAL114 words
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Article177 2012-01-17 28 Jan 16 SICOM RUBBER Futures (Closing prices) RSS 3(US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Feb 12 345.9 345.0 345.9 29 247 Mar 12 340.1 337.5 347.0 5 316 Apr 12 342.0 342.0 351.5 6 155 May 12 348.0 347.8 357.0 8 254 Jun177 words
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Article65 2012-01-17 28 Jan 13 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2113.75 2133.75 3 months 2145.00 2158.00 Copper, Grade A(US$/tonne) Cash 7991.00 7995.00 3 months 8000.00 7981.75 Lead(US$/tonne) Cash 1986.50 2009.50 3 months 2011.50 2025.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months65 words
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Article109 2012-01-17 28 Jan 13 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 12 1160.00 1178.50 1185.25 1172.75 Mar 12 1158.25 1182.50 1194.50 1157.50 May 12 1167.75 1192.50 1204.50 1167.25 Jul 12 1177.75 1202.75 1214.75 1177.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 12 50.20109 words
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Article79 2012-01-17 28 Jan 16 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 19-Apr-12 0.34 1-Year BY*****W 01-Nov-12 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01-Jul-13 102.87 5-Year N*****0W 1.125 01-Apr-16 102.53 BQ*****V 19-Apr-12 10-Year NX*****X79 words
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Article439 2012-01-17 28 Jan 16 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.5250 0 1739 Jun12 99.4900 0 1609 Sep12 99.4600 0 841 Dec12 99.4450 0 579 EUROYEN TIBOR FUTURES Mar12 99.6550 0 1949 Jun12 99.6625 0 1440 Sep12 99.6600 0 711 Dec12 99.6575 0 115 Mar13 99.6500439 words
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Article80 2012-01-17 28 Jan 13 COCOA (£/tonne) Close Prev High/Low Mar 12 1511 1545 1520/1485 May 12 1525 1554 1533/1495 Jul 12 1538 1567 1545/1508 Sep 12 1550 1580 1555/1528 COFFEE(US$/tonne) Close Prev High/Low Jan 12 1817 1865 1882/1820 Mar 12 1832 1885 1907/1831 May 12 1861 1908 1932/1860 Jul 12 188980 words
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1089 2012-01-17 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 103 37.50 28 Prem Baker Technology Ltd W*****6 3.8 1 32 38 6.84 10 Best World Intl Ltd W*****5 2 1 30 106 7.75 181,089 words
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Article470 2012-01-17 28 Jan 16 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.051 6.497 0.813 7.992 52.993 94.495 0.790 11.865 3.236 1.298 92.885 45.149 1.330 8.397 0.982 30.915 32.829 0.672 1.029 Canada 0.952 6.183470 words
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Article52 2012-01-17 28 Jan 16 (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$) 0.***** 3 mths 0.***** 6 mths 0.***** SWAP Mid rates (S$) 9 mths 0.***** 0.***** SWAP Mid52 words
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Article141 2012-01-17 28 Jan 16 GOLD(US$/oz) Jan 16 Jan 13 Hong Kong 1654.50 1653.30 Jan 13 Jan 13 Jan 12 London 1633.29 1654.99 1635.01 1655.80 Source: Thomson Reuters Source: Thomson Reuters CAST BAR Jan 16 (S$) Selling Buying Kilobar "72,948.32" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 163 68 5gm141 words
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Article57 2012-01-17 28 Jan 16 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 12 3120.0 3161.0 3175.0 3110.0 2457 7332 Mar 12 3114.0 3136.0 3143.0 3103.0 8189 ***** Apr 12 3112.0 3126.0 3135.0 3099.0 ***** ***** May 12 3107.0 3125.057 words
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Article24 2012-01-17 28 Jan 16 Open High Sett STI Jan 2756.0 SIMSCI Jan 319.0 319.3 314.7 Taiwan Jan 260 263.3 256.0 Source: SGX Derivatives24 words
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Article155 2012-01-17 28 Jan 16 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3288 1.3303 1.0283 1.0293 Canadian dollar 1.2650 1.2654 0.9790 0.9791 Euro 1.6350 1.6357 1.2653 1.2656 NZ dollar 1.0233 1.0247 0.7919 0.7929 Sterling pound 1.9778 1.9785 1.5306155 words
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Article154 2012-01-17 28 Jan 16 $S Offer Bid 0vernight 0.04 0.02 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.30 0.20 1 month 0.45 0.25 2 months 0.60 0.40 3 months 0.75 0.55 6 months 1.00 0.80 9 months 1.15 0.95 12154 words
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Article22 2012-01-17 28 Jan 16 S$ Bid Offer 1-month 1.2922 1.2924 2-months 1.2921 1.2924 3-months 1.2919 1.2921 6-months 1.2902 1.2906 Source: OCBC22 words
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Article121 2012-01-17 28 As at 9am Jan 16 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.359 1.295 Can dollar 1.286 1.237 Euro 1.668 1.604 Sterling pound 2.017 1.94 NZ dollar 1.055 1.005 US dollar 1.314 1.264 Local dollars to 100 units of foreign121 words
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PROPERTY
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Article, Illustration520 2012-01-17 29 Speculators kept in check, as first-time buyers account for 90% of sales Xinhua [BEIJING] Prices for new residential apartments in Beijing are estimated to have dropped by 11.3 per cent year on year in 2011, as the government’s policies to coolXinhua; REUTERS - 520 words
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Article, Illustration505 2012-01-17 29 Buyers respond to central bank’s first rate cut in 2 years Bloomberg [SYDNEY] Australian home-loan approvals rose in November for an eighth straight month as buyers responded to the central bank’s first interest-rate reduction in two years. The number of loans granted to buildBloomberg; BLOOMBERG FILE PHOTO - 505 words
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377 2012-01-17 29 Bloomberg [LONDON] UK home sellers cut asking prices for a third month in January, according to Rightmove plc, which said the property market will remain “challenging” this year. Average asking prices in England and Wales fell 0.8 per cent from DecemberBloomberg - 377 words
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567 2012-01-17 30 MICHELLE TAN - Some clarifications leave those affected without definite answers By MICHELLE TAN SEVERAL clarifications were made by the Inland Revenue Authority of Singapore (IRAS) in its revised e-Tax Guide on the government’s latest property cooling measure the additional buyer’s stamp duty (ABSD). One of the clarifications567 words
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Article, Illustration1007 2012-01-17 30 Slow sales, falling prices spell financing gap for developers Reuters [BEIJING] China’s fledgling real estate investment fund market could see a surge of activity in 2012 as property developers launch their own vehicles in a desperate bid to bridge an estimatedReuters; REUTERS; BLOOMBERG FILE PHOTO - 1,007 words
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Page 29 Advertisements
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Advertisement54 2012-01-17 29 6 adjoining units of 3-storey shophouses Located at Syed Alwi Road within Little India Conservation Area Land Area 8,138sqft Floor Area 18,500sqft approx Tenure Freehold Near Mustafa Centre Lavender MRT Station Fully tenanted Expressions of Interest, closing 19th January 2012 (Thursday), 3pm Mary Sai 9388 7879(R*****8I) Derrick Loi 9101 4747(R*****0I)54 words
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Page 30 Advertisements
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Advertisement378 2012-01-17 30 JADE TOWERS D19 FREEHOLD REDEVELOPMENT SITE 9 -Vt *nff LORONG LEW LIAN NEX Shopping Mall cc o Serangoon MRT/ Exit D Bus Intercharge < Serangoon Gardens BRADDELL RD SERANGOON AVE 1 St. Gabriel’s Sec Sch BARTLEY RD Maris Stella High Sch (Pri/Sec) Bartley MRT Site Area: 8,585.4 sq m (approx378 words
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