The Business Times, 19 January 2012
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2012-01-19
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The Business Times
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Title Section25 2012-01-19 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Thursday, January 19, 2012G25 words
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Article, Illustration730 2012-01-19 1 SIOW LI SEN - By SIOW LI SEN [SINGAPORE] OCBC’s incoming chief executive will have his work cut out for him as he takes over the reins amid an economic slowdown and stiffer competition as more banks try to outdo each other to become Asian regional players.730 words
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Article, Illustration783 2012-01-19 1 ANTHONY ROWLEY - World Bank cuts its 2012 forecast to 2.5% and next year’s to 3.1% from an earlier 3.6% for both years By ANTHONY ROWLEY in Tokyo THE global economy “has entered a very difficult phase”, the World Bank declared yesterday whileAP - 783 words
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MARKETS DIGEST
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Article110 2012-01-19 1 GST INDEX 2,795.40 (-20.45) GST INDEX FUTURES 2,795 (-20) GSIMSCI 319.83 (-2.42) GSIMSCI FUTURES 319.50 2.00) US$ S$ US$ (S$ per US$) 1.280 (US$/S$ per 1.537 1.967 EURO (US$/S$/E) 1.280 1.638 Foreign currency per US$ S$ YEN 76.70 59.90 RM 3.113 2.432 HK$ 7.763 6.066 BAHT 31.78 24.83 RUPIAH110 words
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Article21 2012-01-19 1 SINGAPORE 5.38 MALAYSIA 6 55 HONG KONG 5.00 INDONESIA 14 800 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg Source: Bloomberg21 words
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Page 1 Advertisements
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Advertisement9 2012-01-19 1 BizIT Social media data maturing in 2012 PAGE 259 words
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Advertisement13 2012-01-19 1 COMPANIES CMT’s Q4 DPU falls 2.5% to 2.3 cents PAGE 6 *****1 *****413 words
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Advertisement128 2012-01-19 1 PARLIAMENT In search of common ground on ministers’ pay PAGE 2 DRIVE TO A DIFFERENT BEAT. THE NEW 4.0L V8. I i WHERE EXHILARATING PERFORMANCE MEETS UNRIVALLED EFFICIENCY. Get ready as we soon will unveil our new red-enamelled “B” wing Bentley. Powered by an advanced new 4.0L V8 twin-turbocharged engine128 words
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Advertisement9 2012-01-19 1 COMMENTARY Putting productivity in the front seat PAGE 219 words
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TOP STORIES
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Article, Illustration713 2012-01-19 2 TEH SHI NING - Not far apart, but WP says it reached there from very different principles MINISTERIAL PAY DEBATE By TEH SHI NING [SINGAPORE] Both sides of the House have “taken a major step forward to bridge the once-wide gap” between them on the prickly713 words
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THREE-MINUTE DIGEST
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42 2012-01-19 2 THE global economy “has entered a very difficult phase”, the World Bank declared yesterday while slashing its growth forecasts in the light of slumping world trade growth and plunging global capital flows.42 words
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65 2012-01-19 2 OCBC’S incoming chief executive will have his work cut out for him as he takes over the reins amid an economic slowdown and stiffer competition. In addition, 57-year-old Samuel Tsien, who will step into David Conner’s shoes in April, has to65 words
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57 2012-01-19 2 SUBURBAN sites continue to receive keen interest in spite of market cooling measures and the wider economic uncertainty. Yesterday’s tender closing for the prime residential site at Kovan Road/Simon Road garnered 11 bids, of which the top bid was $194.6 million or57 words
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59 2012-01-19 2 CAPITAMALL Trust rounded up the financial year with a slight uptick in distributable income in its final three months, even as distribution per unit fell 2.5 per cent to 2.3 cents. CMT posted a distributable income of $75.5 million for the October to December59 words
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38 2012-01-19 2 CACHE Logistics Trust posted a fourth-quarter distribution per unit of 2.10 cents, up 8.5 per cent from the previous corresponding period’s 1.94 cents, boosted by accretive acquisitions completed last year.38 words
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56 2012-01-19 2 PRIVATE property owners paid the highest median cash over valuation amount for resale HDB flats in the last quarter of 2011. Writing in his blog yesterday, National Development Minister Khaw Boon Wan revealed that private property owners paid the highest median56 words
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57 2012-01-19 2 INVESTORS are again downgrading the decision-making of Standard Poor’s. Less than a week after the company cut its ratings of nine countries including France, the French 10-year bond is little changed at 3.08 per cent and borrowing costs fell this week at the country’s57 words
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54 2012-01-19 2 US WHOLESALE prices fell last month while industrial production saw a rebound in December. The Labor Department yesterday said that the producer price index declined 0.1 per cent in December. That follows a 0.3 per cent rise the previous month and is the54 words
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58 2012-01-19 2 BANK of America Corp’s US$33 billion of asset sales last year, designed to help meet international capital standards, may slice at least US$2.8 billion from 2012 profit that the firm also needs to reach its target. That’s probably more than the58 words
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318 2012-01-19 2 Full text of letter to the media “I LISTENED to several of the speeches in Parliament on Ministerial salaries and read the rest in the newspapers. With a different generation, political attitudes change. But for Singapore, the basic challenge remains unchanged: that unless318 words
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510 2012-01-19 2 Emilyn Yap - Compiled by Emilyn Yap [SINGAPORE] The third and last day of the parliamentary debate on political salaries saw spirited exchanges taking place between members from opposing sides of the House. Workers’ Party (WP) MP Pritam Singh rose to answer queries from no510 words
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278 2012-01-19 2 [SINGAPORE] The government will continue to release sites through the Government Land Sales (GLS) programme, Minister for National Development Khaw Boon Wan said in a written parliamentary reply to MP Gan Thiam Poh. Mr Khaw said that this would help to ensure278 words
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Article39 2012-01-19 2 IN “Nanyang Poly to offer new healthcare courses” (BT, Jan 14), we erred in saying that Nanyang Polytechnic was offering the new courses. It should have been the Singapore Institute of Technology. We are sorry for the error.39 words
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549 2012-01-19 2 CONRAD TAN - By CONRAD TAN [SINGAPORE] Members of Parliament from the ruling People’s Action Party (PAP) yesterday defended the government’s proposal to continue linking ministerial salaries to private sector pay, but suggested improvements to the new pay structure. Minister of State for National Development549 words
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522 2012-01-19 4 MINDY TAN - Hoi Hup consortium offers $507 psf ppr; tender attracts 11 bids By MINDY TAN [SINGAPORE] Suburban sites continue to receive keen interest in spite of market cooling measures and the wider economic uncertainty. Yesterday’s tender closing for the prime residential site at522 words
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Article, Illustration671 2012-01-19 4 JASMINE NG - Business is brisk at restaurants, hotels and retailers By JASMINE NG [SINGAPORE] The extraauspicious Year of the Dragon is prompting Singaporeans to relieve their wallets of cash more readily in the lead-up to Chinese New Year. Consumers are showing little sign of post-Christmas shoppingYEN MENG JIIN - 671 words
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399 2012-01-19 4 CHUANG PECK MING - ERP system provides around $150m to Singapore coffers By CHUANG PECK MING [SINGAPORE] Stamp duty from property transactions add some $2 billion to the state coffers each year, while the Electronic Road Pricing contributes around $150 million. Minister of State for Finance Josephine Teo399 words
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458 2012-01-19 4 Bloomberg [KUALA LUMPUR] Malaysian billionaire Syed Mokhtar Al-Bulkhary’s DRB-Hicom Bhd said it’s open to selling unprofitable sportscar maker Lotus Group International Ltd after taking over parent Proton Holdings Bhd. “We need to sit down with Lotus management, looking at their plans beforeBloomberg - 458 words
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888 2012-01-19 4 Reuters [ATHENS] Greece began talks with its creditors yesterday amid rising optimism that the country can overcome an impasse in the discussions and hammer out a bond swap deal to stave off a painful default. Private sector creditors represented by theReuters - 888 words
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Page 2 Advertisements
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Advertisement72 2012-01-19 2 COMPANY NEWS, PAGE 9 FRONT PAGE SINGAPORE NEWS, PAGE 10 FRONT PAGE ECONOMY WATCH, PAGE 11 TOP STORIES, PAGE 4 WORLD, PAGE 14 COMPANY NEWS, PAGE 6 WORLD, PAGE 16 Andrew Road L3.9578/ B7500 5+1 room ask szyM THEjLEAPING BUNGALOW SPECIALIST All PricediTo Sell! Club i5500(appx)VA000 ask $iXM Yardwood i620o(appx)/qooo(appx)72 words
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Advertisement59 2012-01-19 2 ”1 J ”1 t~\ r V J V, FIND THE ONES r i 'oi U J L v j Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg to advertise. -J v y ,7 ri /-j L n; u f e -i 1 V >59 words
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Page 3 Advertisements
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Advertisement128 2012-01-19 3 sr/: L* i v I I! f in vo 1/ r 1 You never actually own a Patek Philippe. You merely look after it for the next generation. II m i r'.r I—~ ni i n v if I rm D x o R *3 r n r r* ft128 words
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Page 5 Advertisements
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Advertisement135 2012-01-19 5 www.vw. com. sg With great power comes great responsibility. m CD Touareg Hybrid i I I \3 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 it from135 words
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COMPANY NEWS
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Article, Illustration716 2012-01-19 6 MINDY TAN - It posts distributable income of $75.5m, little changed from the year before By MINDY TAN CAPITAMALL Trust (CMT) rounded up the financial year with a slight uptick in distributable income in its final three months, even as distribution per unit (DPU) fellST FILE PHOTO - 716 words
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Article444 2012-01-19 6 KALPANA RASHIWALA - Excluding Market Street development, total hits $5.7b By KALPANA RASHIWALA CAPITACOMMERCIAL Trust (CCT) said yesterday that the valuation of its Singapore properties, including its 60 per cent stake in Raffles City but excluding its 40 per cent share in the Market Street office development, totalled444 words
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Article, Illustration497 2012-01-19 6 LYNN KAN - By LYNN KAN A YEAR of acquisitions and expansion in 2011 hauled in for Keppel Telecommunications and Transport (T&T) a full-year net profit of $79.4 million, up 38 per cent from $57.6 million. Net profit before exceptionals was $58.5 million, down497 words
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270 2012-01-19 6 KELLY TAY - By KELLY TAY THE Securities Investors Association (Singapore) or SIAS has appointed Hsieh Fu Hua former chief executive officer (CEO) of Singapore Exchange Ltd (SGX) as its new honorary chairman, with effect from Jan 2, 2012. The appointment ends the investor270 words
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333 2012-01-19 6 Reuters [NEW DELHI] Indian telecoms company Reliance Communications is looking to raise up to US$1.5 billion through an initial public offering in Singapore of its undersea cable unit, two sources with direct knowledge of the matter said yesterday. The debt-laden mobile phone operatorReuters - 333 words
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Article, Illustration420 2012-01-19 7 FELDA CHAY - Cash holdings slip; allocations favour US stocks, displacing emerging markets By FELDA CHAY FUND managers are a little more willing to stomach risk this month compared with the end of last year, but this has not benefited equities in emerging markets, where investors haveST FILE PHOTO - 420 words
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641 2012-01-19 7 US$4.5b worth of CBs to hit markets in next few weeks Reuters [HONG KONG] Asia-Pacific bankers, digging deep into their tool boxes for new revenue streams and client ideas to take up the slack in equity capital market (ECM) deals, are pinning their hopesReuters - 641 words
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428 2012-01-19 7 KENNETH LIM - Warrant volumes jump in 2011 on back of strong H2 By KENNETH LIM THE structured warrants market could continue to grow after a stellar second half of 2011 as market volatility and the fallout from MF Global’s collapse send investors428 words
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263 2012-01-19 7 Bloomberg [NEW YORK] MF Global Holdings Ltd had a net loss of US$1.5 million in December, according to an operating report for the month filed in bankruptcy court in Manhattan. The report, filed on Tuesday, showed the bankrupt parent company of the failedBloomberg - 263 words
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431 2012-01-19 9 MICHELLE TAN - Distributable income up 9.2% for the quarter, boosted by acquisitions By MICHELLE TAN CACHE Logistics Trust posted a fourth-quarter distribution per unit (DPU) of 2.10 cents, up 8.5 per cent from the previous corresponding period’s 1.94 cents. Boosted by accretive acquisitions completed431 words
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Article, Illustration793 2012-01-19 9 Parent Swire Pacific slides 3.6% after property spinoff Reuters [HONG KONG] Shares of Swire Properties Ltd pared gains yesterday after climbing as much as 11.3 per cent, on their first day of trade as a spinoff from Swire Pacific Ltd. The stockReuters; BLOOMBERG - 793 words
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COMPANY BRIEFS
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60 2012-01-19 9 TRITECH Group’s wholly owned subsidiary Tritech Consultants Pte Ltd has secured a contract worth $6.34 million from the Land Transport Authority (LTA). The consultancy contract includes professional engineering supervision services for the construction and completion of two elevated MRT stations above Pioneer Road and60 words
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96 2012-01-19 9 CHINA Oilfield Technology Services Group said two of its land parcels in Daqing City, Heilongjiang, China have been compulsorily acquired by the local government for redevelopment. The Daqing government acquired the first land parcel, measuring 25,000 square metres, for 21.7 million yuan (S$4.4 million).96 words
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67 2012-01-19 9 A-Reit marketing Sing 10-year bond Bloomberg ASCENDAS Real Estate Investment Trust (A-Reit) is marketing a Singapore dollar-denominated 10-year bond at a yield of about 4 per cent, a person familiar with the matter said yesterday. The trust hired Australia and New Zealand Banking Group Ltd and United Overseas Bank LtdBloomberg - 67 words
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69 2012-01-19 9 CHINESE backpacks manufacturer Dapai International Holdings expects to report a loss for the fourth quarter and full financial year ended Dec 31, 2011. It said in a filing to the Singapore Exchange that the expected loss is largely due to the continuing downward69 words
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46 2012-01-19 9 UNIONMET (Singapore)’s substantial shareholder Grasmere Park Limited has divested its entire 11.9 per cent stake in the Singapore-listed company. The purchaser of the stake is Bestway Premium Investments Pte Ltd. Grasmere Park is wholly owned by Unionmet’s director Huang Wei.46 words
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Article97 2012-01-19 9 FRASERS Centrepoint Trust (FCT) posted a 31.3 per cent year-on-year rise in income available for distribution, from $15 million to $19.7 million, for the first quarter ended Dec 31, 2011. The quarter’s DPU was 2.20 cents, up 12.8 per cent from 1.95 cents97 words
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213 2012-01-19 9 LYNN KAN - By LYNN KAN KEPPEL Corporation and Sembcorp Marine yesterday denied speculation that they are bidding for a 50.75 per cent stake in Norwegian shipbuilder STX OSV Holdings. Both companies clarified in separate announcements to the Singapore Exchange that they are currently213 words
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Article, Illustration257 2012-01-19 9 CARINE LEE - By CARINE LEE SINGAPORE-listed steel manufacturer Delong Holdings Limited yesterday unveiled plans to acquire an 80 per cent stake in Laiyuan County Aoyu Steel Co Ltd for 264 million yuan (S$53.6 million). Delong’s wholly owned subsidiary, Tianjin Qiruicheng International257 words
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Page 6 Advertisements
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Advertisement831 2012-01-19 6 SUNSHINE HOLDINGS LIMITED (Incorporated in the Cayman Islands on 30 September 2004) (Company Registration No. CT-*****5) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM”) of the shareholders of Sunshine Holdings Limited (the “Company”) will be held on 10 February 2012 at 10.00831 words
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Page 7 Advertisements
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Advertisement11 2012-01-19 7 or e-mail notices@sph.com.sg to place your Apology Notices WATS NOTICES CLA/FEB11/g11 words
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Advertisement637 2012-01-19 7 Keppel Telecommunications Transportation Ltd Co Reg No: *****0115G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2011 The Directors of Keppel Telecommunications Transportation Ltd advise the following unaudited results of the Group for the year ended 31 December 2011. Group 2011 2010 $’000637 words
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SINGAPORE MARKETS
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Article, Illustration568 2012-01-19 8 R SIVANITHY - Brokers unsurprised as index fall comes after Tuesday’s jump and ahead of CNY holidays STOCKS R SIVANITHY Senior Correspondent A WEAK opening for Europe in the late afternoon brought pressure to bear on local stocks yesterday, dragging the Straits Times Index off its intradaySource: Bloomberg - 568 words
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Article66 2012-01-19 8 Jan 18 VALUE CLOSE BT OB/OS 427.00 -71.00 BT CADI -*****.00 -71.00 BT 10-day MA -*****.00 +43.00 FTSE ST Mid Cap 628.18 -1.50 FTSE ST Small Cap 418.42 -2.70 FTSE ST All Share 672.13 -4.36 FTSE ST China Top 203.47 -1.15 FTSE ST China 232.77 -2.85 FTSE66 words
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Article186 2012-01-19 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 6 2 0 0 0 7 6 2 Manufacturing 40 57 36 9 8 3 49 65 39 Commerce 20 18 22 1 4 3 21 22 25 Tpt/Stor/Comms 10 20 9186 words
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BROKERS’ TAKE
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138 2012-01-19 8 Jan 18 close: $8.16 DMG Partners Research, Jan 18 OCBC has announced the retirement of David Conner as CEO effective April 14. Succeeding him is Samuel Tsien, who is currently OCBC’s head of Global Corporate Bank. OCBC has also announced the promotion of Ching Wei Hong, currently138 words
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Article365 2012-01-19 8 Management Jan 18 close: $1.315 Kim Eng Research, Jan 18 ARA Asset Management is an Asian property fund manager which earns fees from managing listed Reits and real estate private funds. Its success depends on its company’s ability to grow assets under management (AUM). Such a business365 words
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Article271 2012-01-19 8 LYNN KAN - Compiled by LYNN KAN Jan 18 close: $2.01 OCBC Investment Research Ascendas Reit’s (A-Reit) reported a 5.8 per cent y-o-y growth in Q3 FY2012 distribution per unit (DPU) to 3.48 cents, slightly ahead of our forecast. The outperformance, we note, came mainly from a higher-than-ex-pected271 words
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Article131 2012-01-19 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first, second, or third quarter131 words
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Article119 2012-01-19 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,323 19,323 92,994 92,994 Manufacturing 185,615 4,294 189,909 164,517 111 164,628 Commerce 168,708 3,424 172,132 252,127 415 252,542 Tpt/Stor/Comms 166,929 16,141 183,070 256,587 2,174 258,761 Finance 24,053 24,053 245,179 245,179 Construction 57,785 3,589 61,374 14,161119 words
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Article114 2012-01-19 8 Stock name Close Change Stock name Close Change CapMallsAsia 1.285 -0.010 CapitaLand 2.380 -0.040 CapitaMall 1.745 -0.005 CityDev 9.250 -0.100 ComfortDelGro 1.445 +0.005 DBS Grp 12.780 -0.110 F&N 6.430 -0.110 GLP 1.865 -0.010 Genting SP 1.535 -0.020 Golden Agri 0.730 -0.010 HK Land 4.750 -0.150 JMH114 words
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Article, Illustration443 2012-01-19 8 CURRENCIES Bloomberg [NEW YORK] The euro strengthened for a second day against the US dollar and yen as the International Monetary Fund was said to seek a US$500 billion expansion of its lending resources to safeguard the global economy. The 17-nation currency rallied againstBloomberg; AFP - 443 words
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Article58 2012-01-19 8 VOLUME Noble Grp 110,602,000 Genting SP 94,302,000 GMG Global 66,090,000 Golden Agri 52,487,000 See Hup Seng 34,268,000 Rowsley 32,813,000 SingTel 28,688,000 Artivision 28,468,000 IEV 27,143,000 Yangzijiang 25,370,000 VALUE($) Genting SP 146,390,865 Noble Grp 130,881,185 DBS Grp 90,342,420 SingTel 88,685,150 UOB 76,390,722 Keppel Corp 70,584,180 OCBC Bk 61,588,31058 words
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Article110 2012-01-19 8 BY CENTS CLOSE UP DBXT Nifty 10US$ 9870 227.8 1.8 JMH 5200 93.4 1.4 JSH 3080 51.2 1.3 UOB.ES.1201 1683 49.0 3.0 DBXT MSEurope 10US$ 4097 42.2 0.8 OCBC Bk 5.1%NCPS 100 ***** 40.0 0.4 DBXT FTVietnam 10US$ 1904 37.1 1.5 DBXT MSTHAI 10US$ 1575 34.6 1.7 SIA.ES.1201 1062110 words
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Article125 2012-01-19 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -145.9 -0.7 Jardine C&C 4998 -102.0 -2.0 DBXT AUD Bonds 5AU$ ***** -43.9 -0.2 DBXT FTChina25 10US$ 2772 -28.2 -0.8 SIA 1058 -22.0 -2.0 DBXT MSKorea 10US$ 5363 -20.5 -0.3 HK Land 475 -19.2 -3.1 Lyxor China H 10US$ 1385 -19.2 -1.1125 words
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Page 9 Advertisements
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Advertisement567 2012-01-19 9 THE MONETARY AUTHORITY OF SINGAPORE APPLICATION FOR TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS TENOR APPROXIMATELY 2 YEARS TOTAL AMOUNT OFFERED SGD 2,900,000,000 MINIMUM DENOMINATION SGD 1,000 MAS' INTENDED TENDER AMOUNT** NIL ISSUE CODE N*****0H ISIN CODE SG********** ISSUE DATE/SETTLEMENT DATE 01 FEBRUARY 2012 MATURITY DATE* 01 FEBRUARY 2014 COUPON RATE TO567 words
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SINGAPORE NEWS
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Article, Illustration436 2012-01-19 10 UMA SHANKARI - They paid $45,000 while singles paid lowest median COV of $31,000 By UMA SHANKARI PRIVATE property owners paid the highest median cash over valuation (COV) amount for resale HDB flats in the last quarter of 2011, National Development Minister Khaw Boon436 words
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Article, Illustration663 2012-01-19 10 RONNIE LIM - EMA looking into future electricity generation fuel mix NEWS ANALYSIS By RONNIE LIM SINGAPORE is trying to tweak the mix of different fuels fuel oil and natural gas currently, and coal, electricity imports and even possibly solar in future that will beFILE PHOTO - 663 words
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Article, Illustration414 2012-01-19 10 LESLEY TEOH - By LESLEY TEOH “LEADERSHIP” has been ranked the most important employee engagement driver in Singapore, while “career development” was a close second, according to a Towers Watson survey. Towers Watson senior consultant for organisational surveys insights, Amrita Prasad, said that engaged employees tendSource: Towers Watson - 414 words
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348 2012-01-19 10 SAMUEL EE - By SAMUEL EE COE premiums rose as attractive deals lured buyers back into the showrooms and order books began to fill up. In yesterday’s bidding exercise for COEs (certificates of entitlement), Category A (for cars below 1,600cc) rose $1,223 to $48,112,348 words
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Article, Illustration236 2012-01-19 10 THE Singapore Hokkien Huay Kuan (SHHK) yesterday made its first endowed donation to the Singapore University of Technology and Design (SUTD) Singapore’s fourth publicly funded university. The $3 million donation attracts a 3-1 matching by the Singapore government, taking the total sum to $12LIANHE ZAOBAO - 236 words
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418 2012-01-19 10 EVE YEO - By EVE YEO A NEW plastics technology will keep food fresh over a longer time by blocking moisture, oxygen and ultraviolet (UV) rays. Paints and varnishes that keep furniture looking new by preventing oxidisation can also be produced with the same418 words
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ECONOMY WATCH
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633 2012-01-19 11 Markets dismiss rating cuts as bonds hold steady, borrowing costs fall Bloomberg [PARIS] Investors are again downgrading the decisionmaking of Standard Poor’s. Less than a week after the New York-based company cut its ratings of nine countries including France, the French 10-year bond isBloomberg - 633 words
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Article, Illustration558 2012-01-19 11 Bloomberg [SOUTHFIELD, Michigan] Bobbi Marsh puts her 11-year-old son to bed each night and then heads to her job at General Motors Co’s metal-stamping plant in Lordstown, Ohio. She gets home in time to make him breakfast. Ms Marsh, 34,Bloomberg; AFP - 558 words
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467 2012-01-19 11 AFP [PARIS] Africa’s middle class has tripled over the last 30 years, with fully one in three now considered above the poverty line but not among the wealthy, according to the African Development Bank (AfDB). In 2010, 34.3 perAFP - 467 words
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Article, Illustration556 2012-01-19 11 Analysts expect central bank to cut rate to 10.5% Reuters [BRASILIA] Brazil will likely cut its benchmark interest rate by half a percentage point for the fourth consecutive meeting in a bid to shield its fragile economic recovery from the European debtReuters; BLOOMBERG - 556 words
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Page 11 Advertisements
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Advertisement18 2012-01-19 11 913FM TODAY'S BEST MUSIC SINGAPORE’S HOTTEST MORNING SHOW z' JILLIAN LIM THE MARRIED MEN WEEKDAYS BAM TO 1QAM18 words
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Advertisement245 2012-01-19 11 How IT can improve your bottom line Now’s the best time to take advantage of the technological options available to businesses: infocomm technology, infrastructure and communications support and schemes to enhance productivity. Technology is a key enabler for growing your business and helps to overcome manpower constraints. With the impending245 words
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MALAYSIA/INDONESIA
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Article, Illustration368 2012-01-19 12 Easing gives the central bank scope to leave interest rates unchanged Bloomberg Reuters [SINGAPORE] Malaysia’s inflation slowed to a nine-month low in December, giving the central bank scope to leave interest rates unchanged for a fourth meeting this month to support growthBloomberg; Reuters; BLOOMBERG - 368 words
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423 2012-01-19 12 S JAYASANKARAN - By S JAYASANKARAN in Kuala Lumpur A MALAYSIAN research house has called an “overweight” on rubber glove makers ahead of its industry peers, citing increased margins from declining latex prices and a weakening ringgit. In a research report released yesterday, AmResearch, a unit of423 words
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502 2012-01-19 12 Rupiah rebounds; move set to lure more fund inflows Reuters [JAKARTA] Moody’s ratings agency upgraded Indonesia’s debt to investment grade yesterday, a status that will lure more fund inflows and confirm Southeast Asia’s biggest economy as a hot emerging market. The upgrade comes on the heelsReuters - 502 words
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315 2012-01-19 12 Reuters [KUALA LUMPUR] The investment portfolio of Malaysia’s state strategic investment arm, Khazanah Nasional, fell slightly to RM108.1 billion (S$44.4 billion) at the end of last year from RM112.6 billion at the end of 2010, its managing director Azman Mokhtar said yesterday. Khazanah has beenReuters - 315 words
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669 2012-01-19 12 Reuters [KUALA LUMPUR] Malaysia’s central bank seems to be living by the old adage that its job is to take away the punch bowl just as the party gets going. It was among the first in Asia to begin raising interest ratesReuters - 669 words
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Page 12 Advertisements
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Advertisement13 2012-01-19 12 omy.sg WWW. movies.onw^sg m V r «S 1 V 0 0 0 v\13 words
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Advertisement45 2012-01-19 12 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY Gong xi fa cai, amma 4 A* The Param family celebrates Chinese New Year, Deepavali and Christmas with equal gusto KULRAJ GETS BOLD AND SAUCY u f GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST45 words
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GREATER CHINA/INDIA
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Article, Illustration648 2012-01-19 13 VEY WONG - Policy easing will take time to kick in, cushion weak global demand: economists By VEY WONG EJ Insight in Hong Kong CHINA’S economy is likely to bottom out in the next few months before regaining momentum in the third quarter, economists said afterEJ Insight; AFP - 648 words
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586 2012-01-19 13 Bloomberg [NEW DELHI] Soaring coal prices across Asia have led India’s richest families to shelve plans for a record US$36 billion investment in new power stations needed to fuel growth. Billionaire Anil Ambani’s Reliance Power, Gautam Adani’s Adani Power and Sajjan Jindal’s JSWBloomberg - 586 words
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412 2012-01-19 13 Bloomberg [BEIJING] Chinese banks are shunning loans to private companies with anything but the three highest credit ratings, forcing firms to pay interest rates as high as 9 per cent in the yuandenominated bond market. The companies are being penalised with yieldsBloomberg - 412 words
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354 2012-01-19 13 Reuters [MUMBAI] India hiked its gold import duty by 90 per cent and doubled the tax on silver as the world’s biggest consumer of bullion seeks to increase revenues, sending futures prices higher and hitting shares of jewellers. India changed the import dutyReuters - 354 words
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391 2012-01-19 13 But Dec inflows are down 12.7% versus year-ago levels Reuters [BEIJING] Foreign direct investment (FDI) in China rose 9.7 per cent in 2011 to a record US$116 billion, though December’s inflow of US$12.24 billion was down 12.7 per cent versusReuters - 391 words
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485 2012-01-19 13 Bloomberg [BANGKOK] Chinese and Indian equities may outperform other Asian markets this year as slowing inflation allows the countries’ governments to ease monetary policies and spur growth, according to Manulife Asset Management. Manulife has added more shares of Indian and Chinese companies toBloomberg - 485 words
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Page 13 Advertisements
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Advertisement17 2012-01-19 13 British companies eyeing infrastructure projects in S'pore in S'oore To subscribe, call 6388-3838 or go to sphsubscription.com.sg17 words
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WORLD
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594 2012-01-19 14 Factory output surges 0.9% in December, biggest gain in a year LATEST US DATA AP [WASHINGTON] US wholesale prices fell last month while industrial production saw a rebound in December. The Labor Department yesterday said that the producer price index, which measures price changesAP - 594 words
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Article, Illustration405 2012-01-19 14 Exit smooths way for private equity cash injection Reuters [SAN FRANCISCO] Yahoo Inc co-founder Jerry Yang has quit the Internet company that he started in 1995, appeasing shareholders who had blasted the Internet pioneer for pursuing an ineffective personal vision and impeding investment deals thatReuters - 405 words
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Article, Illustration549 2012-01-19 14 AFP [BERLIN] German growth will slow sharply this year, the government said yesterday, but vowed that Europe’s top economy would dodge recession despite the ongoing eurozone crisis and weaker demand from emerging markets. Berlin slashed its forecast for output in 2012 to 0.7 per centAFP - 549 words
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397 2012-01-19 14 Reuters AFP Bloomberg [WASHINGTON] The International Monetary Fund is estimating it needs to raise up to US$600 billion in new resources to lend to countries struggling with the fallout from the growing eurozone debt crisis, IMF sources said yesterday. WhileReuters; AFP; Bloomberg - 397 words
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Article, Illustration409 2012-01-19 14 Bloomberg [NEW YORK] Goldman Sachs Group, the fifthbiggest US bank by assets, said that profit dropped 58 per cent, beating analysts’ estimates as the company cut compensation in response to falling revenue. Fourth-quarter net income dropped to US$1.01 billion, or US$1.84 a share, from US$2.39 billion,Bloomberg; AP FILE PHOTO - 409 words
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269 2012-01-19 14 Reuters [SINGAPORE] A unit of Singapore investor Temasek Holdings is selling 200 million shares or a stake of 6.2 per cent in Thailand’s Shin Corp Pcl in a deal that could raise as much US$261 million, IFR reported yesterday. The indicatedReuters - 269 words
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671 2012-01-19 15 Recent breaches, including at Amazon sites that hit 24m customers, may lead to loss of consumer confidence NYT [NEW YORK] Recent security breaches at Zappos and 6PM, two online shoe retailers owned by Amazon, may have compromised account information for 24 million customersNYT - 671 words
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Article, Illustration581 2012-01-19 15 Wikipedia, Reddit go ahead with protest against piracy law Reuters Bloomberg [SAN FRANCISCO] A blackout scheduled for yesterday to protest against proposed US legislation on online piracy has failed to get the support of the biggest Internet players. Despite calls for the participationReuters; Bloomberg; REUTERS - 581 words
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Article, Illustration550 2012-01-19 15 Bloomberg [LONDON] UK unemployment rose to the highest in 16 years in the quarter through November, deepening concerns Britain is heading for another recession as turmoil in the euro area damps the global economic outlook. The unemployment rate based on InternationalBloomberg; BLOOMBERG - 550 words
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418 2012-01-19 15 Reuters [PARIS] French banks BNP Paribas and Natixis are to focus investment-banking activity on a select list of large clients to help preserve capital and cut debt amid the eurozone debt crisis, according to memos obtained by Reuters. The moves are a freshReuters - 418 words
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492 2012-01-19 15 AFP [SEOUL] “It’s freezing!” complained chef Byun Sang-won, jogging on the spot with arms folded and teeth clenched as he tried to keep warm in the luxury Seoul hotel where he works. “I can’t even imagine working without wearing extra underwear andAFP - 492 words
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Article, Illustration844 2012-01-19 16 Amount is probably more than its pretax earnings for the whole of last year Bloomberg [NEW YORK] Bank of America Corp’s (BOA) US$33 billion of asset sales last year, designed to help meet international capital standards, may slice at least US$2.8Bloomberg; BLOOMBERG - 844 words
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Article, Illustration605 2012-01-19 16 ANTHONY ROWLEY - It could go the way of Italy should rates ratchet up suddenly By ANTHONY ROWLEY By in Tokyo JAPAN is facing a “very dire” fiscal situation, Finance Minister Jun Azumi warned yesterday, likening the challenge of overcoming the problem to “scaling Mount Everest”.AFP - 605 words
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Article, Illustration672 2012-01-19 16 Bloomberg [ROME] Nothing may prove to be untouchable in the European debt crisis. The Catholic Church in Italy is under pressure from both governing and opposition politicians to start paying taxes on all its commercial property after Prime Minister Mario MontiBloomberg - 672 words
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567 2012-01-19 16 NYT [NEW YORK] The effective federal income tax rate paid by the wealthiest Americans has dropped significantly during the last several decades, largely because of tax cuts on investment income. The last major overhaul of the tax code, signed by then-president RonaldNYT - 567 words
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Page 15 Advertisements
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Advertisement7 2012-01-19 15 Wikipedia protests against Internet bills, Page 257 words
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Page 16 Advertisements
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Advertisement19 2012-01-19 16 L Pacify the Raging Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Apology Notices ATci NOTICES19 words
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AVIATION/SHIPPING
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420 2012-01-19 17 Reuters [COPENHAGEN] Danish shipping company Torm A/S said that its banks agreed to extend a deferral of instalments on its US$1.8 billion of debt to Feb 15 and it hoped to reach a comprehensive financing solution to secure its future. The extension gaveReuters - 420 words
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427 2012-01-19 17 Cost cutting, fare hikes to help weather rising fuel, economic troubles Reuters [CHICAGO] Most US airlines are poised to report profitable fourth quarters, a trend set to continue this year as cost cutting and fare hikes help the industry weather rising fuel costsReuters - 427 words
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Article, Illustration584 2012-01-19 17 Bloomberg [DALLAS] Southwest Airlines Co will add six seats to most of its planes as part of cabin refurbishments that will cut fuel use and boost revenue by at least US$250 million a year at the biggest discount carrier. The first change toBloomberg; AP - 584 words
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Article, Illustration525 2012-01-19 17 Reuters [HAMBURG] Aerospace group EADS batted away concerns over the financing needed to maintain a record wave of jet deliveries this year, as bumper orders from its Airbus unit and a major Japanese leasing deal provided fresh evidence of Asia’s rising economic power. EADS, whose sharesReuters; BLOOMBERG - 525 words
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459 2012-01-19 17 News lifts stocks of airlines struggling to raise funds Bloomberg [NEW DELHI] India’s civil aviation and finance ministries recommended allowing overseas airlines to buy as much as 49 per cent of local carriers as Kingfisher Airlines and rivals struggle toBloomberg - 459 words
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Page 17 Miscellaneous
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Miscellaneous318 2012-01-19 17 CRYPTIC CROSSWORD Across 4 Limit European policy connected with a built-up area (8) 8 Girl facing river in additional room? (6) 9 Crackpot engraves weapon (5,3) 10 Estate, maybe, that’s ruined in no time, we hear (5-3) 11 Corpulent leader of team must be kept in shape (6) 12 Greet318 words
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Page 18 Advertisements
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Advertisement598 2012-01-19 18 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 CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination Destination STXPO TBN Camden/New Orleans/Tampico Destination JIMBLOOM~598 words
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Advertisement621 2012-01-19 18 FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION INARAN 01/12 25/01 27/01 BELITUNG/PKL BALAM VICTORY 6 02/12 24/01 26/01 JAMBI/PEKAN BARU SUN FLORA 03/12 20/01 22/01 PALEMBANG/PANJANG BERJAYA II 01/12 IN PORT 21/01 BENGKULU/PADANG SIANIRI 02/12 20/01 22/01 BELAWAN/LHOKSEUMAWE SINOPA 02/12 26/01 28/01 SABANG/MALAHAYATI INDONESIA621 words
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Advertisement1374 2012-01-19 18 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: (031)1,374 words
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THE BUSINESS TIMES SHIPPING TIMES
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SHIPPING
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510 2012-01-19 19 It drops for a 20th session to 974, extending this year’s slump to 44 per cent Bloomberg [LONDON] The Baltic Dry Index, a measure of commodity shipping costs, fell below 1,000 for the first time since January 2009 on signs ChineseBloomberg - 510 words
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300 2012-01-19 19 Bloomberg [LONDON] A glut of supertankers competing to load cargoes of Persian Gulf oil shrank to a 14-month low on Chinese crude purchases and persistent tensions over a possible closing of the Strait of Hormuz. There are 5 per cent more ships availableBloomberg - 300 words
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Page 19 Advertisements
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Advertisement331 2012-01-19 19 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 MARISOL~ HDM 0116S disch-only 28 Jan TUCHAL~331 words
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Advertisement462 2012-01-19 19 MASTER’S PROGRAMMES Having a fresh perspective allows you to establish yourself as a leader or a specialist in your chosen field. Whether it is in engineering, manufacturing, servicing or logistics, SIM Global Education will help you master the latest processes and business techniques needed to position yourself as an accomplished462 words
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EDITORIAL & OPINION
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511 2012-01-19 20 EDITORIAL “I DON’T have a debit card. I believe it’s one of the worst financial tools ever given to the American public,” said Frank Abagnale, the former fraudster turned security consultant who inspired the film Catch Me if You Can. The ex-cheque forger and impostor’s511 words
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Article, Illustration736 2012-01-19 20 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group FOR Mitt Romney, it is the best of times and the worst of times. While his New Hampshire win brings him closer to the Republican nomination, his campaign narrative against President Barack Obama mayThe Washington Post Writers Group - 736 words
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Article, Illustration1127 2012-01-19 20 SAJJAD ASHRAF - Energy crisis, mismanaged by governments, is at the root of the country’s economic slide By SAJJAD ASHRAF The writer was Pakistan’s High Commissioner to Singapore during 2004-2008. He now serves as adjunct professor at the Lee Kuan Yew School of Public PolicyBLOOMBERG - 1,127 words
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Article, Illustration1201 2012-01-19 21 TAN BIN ENG, TRACY THAN - After Productivity and Innovation Credit’s success, it’s time to enhance the scheme so that more firms can benefit from it By TAN BIN ENG, TRACY THAN Tan Bin Eng is director, Business Incentives Advisory, and Tracy Tham is manager, Business Incentives Advisory, at ErnstFILE PHOTO - 1,201 words
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Article, Illustration951 2012-01-19 21 G SIVALINGAM - By G SIVALINGAM The writer is Visiting Senior Research Fellow at the Institute of Southeast Asian Studies, Singapore THE small, open and trade-de-pendent Malaysian economy has been growing on the strength of its domestic demand in the past few years. External demand for itsBLOOMBERG - 951 words
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SINGAPORE STOCKS
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Article2808 2012-01-19 22 Transaction date: Jan 18 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 98.5 unch 74 98.5 98.5 98.5 99 2 9.9 437.22,808 words
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Article215 2012-01-19 23 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 Day Last Quote Div Gr Yld Net M Cap High Low Company Sale (‘000) High Low Buyer Seller C'vr P/E Smil el215 words
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Article7173 2012-01-19 23 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 Asia7,173 words
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Article210 2012-01-19 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 55.5 34 AVJennings A35.5 unch 4 35.5 35.5 35 44 3.6 9.9 2.8 92.4 49 25.5 Genting HK US$ US32.5 unch 9412 33 32 32 32.5 2140210 words
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Article895 2012-01-19 23 52-Wk Last Vol Day Last QuoteDiv GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 109.5 ABF SG Bond ETF 118.6 +0.1 2 118.6 118.6 117 118.5 541.4 1261 856 CIMBAsean40 100US$ US970 986 992 38.8 ***** ***** DBXT AUD Bonds895 words
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FINANCE & COMMODITIES
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373 2012-01-19 24 In local curr In S$ In US$ dy yr dy yr dy yr Jan 17 Index Change Change Change Change Change Change World Preliminary 855.3 0.9 3.1 0.6 1.8 1.0 2.7 EAFE Preliminary 699.6 1.0 2.6 0.9 0.8 1.4 1.7 Europe Preliminary 1056.9 0.9 3.0373 words
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Article77 2012-01-19 24 CRUDE OIL PRODUCTS Jan 17 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.49 -0.12 WTI (Near Mth) 100.72 1.11 Dubai (1-Mth F) 110.07 1.37 Tapis blend 118.83 0.84 Minas 117.03 0.84 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 103.33 0.39 Jet Kerosene 127.60 0.55 US$/barrel Opec Oil77 words
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Article, Illustration114 2012-01-19 24 As on 17 January 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT FEB2012 1666.40 1654.20 1655.50 178 CURRENCY AUD-USD FUT MAR2012 1.0371 1.0284 1.0310 3025 EUR-USD FUT MAR2012 1.2815 1.2703 1.2739 ***** USD-JPY FUT MAR2012 76.79 76.56 76.78 3044 BASE METAL114 words
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Article162 2012-01-19 24 Jan 18 SICOM RUBBER Futures (Closing prices) RSS 3(US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Feb 12 373.0 367.0 373.0 32 247 Mar 12 376.6 376.6 375.7 4 313 Apr 12 378.1 378.1 378.1 6 141 May 12 381.2 254 Jun 12 382.2 210162 words
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Article67 2012-01-19 24 Jan 17 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2191.25 2127.50 3 months 2228.00 2163.00 Copper, Grade A(US$/tonne) Cash 8188.00 8077.00 3 months 8200.00 8089.00 Lead(US$/tonne) Cash 2080.50 2004.00 3 months 2108.00 2031.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months67 words
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Article107 2012-01-19 24 Jan 17 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 12 1183.50 1160.00 1187.00 1162.75 May 12 1192.50 1158.25 1196.25 1172.25 Jul 12 1202.00 1167.75 1206.50 1182.75 Aug 12 1200.75 1176.50 1202.25 1189.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 12 50.77107 words
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Article81 2012-01-19 24 Jan 18 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-13 102.84 102.87 102.85 5-Year N*****0W 1.125 01-Apr-16 102.48 BQ*****V 19-Apr-1281 words
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Article457 2012-01-19 24 Jan 18 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.5200 0 2065 Jun12 99.4850 0 1882 Sep12 99.4600 0 991 Dec12 99.4450 0 628 EUROYEN TIBOR FUTURES Mar12 99.6550 0 1949 Jun12 99.6625 0 1440 Sep12 99.6600 0 711 Dec12 99.6575 0 115 Mar13 99.6500457 words
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Article79 2012-01-19 24 Jan 17 COCOA (£/tonne) Close Prev High/Low Mar 12 1504 1481 1507/1470 May 12 1517 1494 1518/1482 Jul 12 1530 1507 1530/1500 Sep 12 1544 1520 1544/1517 COFFEE(US$/tonne) Close Prev High/Low Jan 12 1830 1839 Mar 12 1845 1854 1886/1835 May 12 1876 1884 1914/1867 Jul 12 1906 191279 words
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1186 2012-01-19 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 130 33.00 28 Prem Baker Technology Ltd W*****6 3.8 1 32 40 6.71 10 Best World Intl Ltd W*****5 2 1 30 108 7.70 181,186 words
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Article470 2012-01-19 24 Jan 18 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.055 6.563 0.813 8.075 52.673 94.715 0.798 11.867 3.238 1.294 93.903 45.173 1.331 8.323 0.984 31.176 33.059 0.677 1.040 Canada 0.948 6.220470 words
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Article54 2012-01-19 24 Jan 18 (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$) 2 mths 0.***** 0.***** 6 mths SWAP Mid rates (S$) 3 mths 0.***** 0.***** 9 mths 0.*****54 words
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Article121 2012-01-19 24 Jan 18 fiOLO |U5V*v; IB n n lUnnj Kun<,( 1 MIlUCI 1 AIM tT win rtSUB \uo >. ir.M/u Source: Thomson Reuters —rra •■.nr «o i in? a« tfi i ■art Z9rl ■il5|K.l art: H: i ■«r>ns 19EI >9h ■aL'tiL rm r«4 W%1 wr 4? *91 (UUDI <“tl*\121 words
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Article57 2012-01-19 24 Jan 18 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 12 3190.0 3190.0 3191.0 3159.0 1776 5460 Mar 12 3164.0 3185.0 3186.0 3145.0 5956 ***** Apr 12 3146.0 3180.0 3180.0 3136.0 ***** ***** May 12 3147.0 3173.057 words
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Article24 2012-01-19 24 Jan 18 Open High Sett STI Jan 2795.0 SIMSCI Jan 322.5 323 319.5 Taiwan Jan 260.9 262.0 259.7 Source: SGX Derivatives24 words
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Article155 2012-01-19 24 Jan 18 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3311 1.3314 1.0402 1.0403 Canadian dollar 1.2613 1.2621 0.9856 0.9862 Euro 1.6380 1.6384 1.2800 1.2802 NZ dollar 1.0280 1.0288 0.8033 0.8039 Sterling pound 1.9665 1.9671 1.5367155 words
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Article22 2012-01-19 24 Jan 18 S$ Bid Offer 1-month 1.2797 1.2798 2-months 1.2796 1.2798 3-months 1.2793 1.2794 6-months 1.2775 1.2778 Source: OCBC22 words
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Article121 2012-01-19 24 As at 9am Jan 18 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.365 1.3 Can dollar 1.289 1.24 Euro 1.668 1.604 Sterling pound 2.008 1.931 NZ dollar 1.057 1.007 US dollar 1.305 1.255 Local dollars to 100 units of foreign121 words
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Article161 2012-01-19 24 Jan 18 $S Offer Bid 0vernight 0.02 0.01 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.02 US$ Offer Bid 7 days 0.30 0.20 1 month 0.45 0.25 2 months 0.60 0.40 3 months 0.75 0.55 6 months 1.00 0.80 9 months 1.15 0.95 12161 words
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BizIT
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931 2012-01-19 25 VICTORIA HO - Expect social media to continue growing in importance to companies this year, say vendors. VICTORIA HO reports VICTORIA HO AS SOCIAL media matures into a more widely used platform, the data it generates is quickly becoming a viable source of information for companies, say931 words
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395 2012-01-19 25 VICTORIA HO, EDWIN LOH - It’s opening its first university outside Japan in Singapore By VICTORIA HO, EDWIN LOH SONY plans to groom a crop of business leaders in Singapore, with the opening of its Sony University here. The campus is Sony’s first outside Japan, and the395 words
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172 2012-01-19 25 Bloomberg [SEOUL] Samsung Electronics Co, the world’s largest smartphone maker, said it may combine its Bada mo-bile-phone operating system with the Intel Corp-backed Tizen software under development. “We are carefully looking at it as an option to make the platforms serve better,” Samsung saidBloomberg - 172 words
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Article, Illustration668 2012-01-19 25 AFP [WASHINGTON] Wikipedia went dark, Google blotted out its logo and other popular websites protested yesterday to voice their concern over legislation in the US Congress intended to crack down on online piracy. Wikipedia shut down the English version of its online encyclopedia for 24AFP; BLOOMBERG - 668 words
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395 2012-01-19 25 Bloomberg [BERLIN] Apple Inc filed another suit in Germany, seeking to ban sales of Samsung Electronics Co’s smartphones, including the Galaxy S Plus and the S II, extending the global legal dispute between the two companies. The action targeting 10 smartphone models was filedBloomberg - 395 words
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Page 25 Advertisements
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Advertisement19 2012-01-19 25 BREATHTAKIPJ G SEA-VIEW!!!! Check this out and many other properties in CATS Classified in The Straits Times now! WATS19 words
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Page 26 Advertisements
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Advertisement313 2012-01-19 26 v<9° CS iS.JEi ii>» ii S? ail!'? i.l T| 5*' gf w an igf i! m in |SH| Kins Sj rfl Ijl*!: i-» P aiB A ■W?!r nr-iiim 111 *1 I ESI fis fe. 85 lIlKkalliaailiaaillillllllia ■iiiaailla ■aaiaiii RIVERS#UND Residence Awaken your every sense. The perfect home for a life313 words
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PROPERTY
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Article, Illustration312 2012-01-19 27 Brokerage expects 60-75% increase in sales volume to US$41-45 billion Bloomberg [NEW YORK] Sales of commercial properties in New York City are likely to be “way up” this year from 2011’s US$25.6 billion, as the market rebounds from the financial crisis, executivesBloomberg; BLOOMBERG - 312 words
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Article1348 2012-01-19 27 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 28 WITH CONTRACT DATES BETWEEN DEC 21 AND DEC 27, 2011 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED Marina Bay Residences Apt 23/12/2011 99 980 2388 2437 One Shenton Apt 21/12/20111,348 words
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178 2012-01-19 27 Reuters [HONG KONG] Jones Lang LaSalle (JLL) said yesterday it had bought MPS Property, a tenant-advisory firm in Australia, the latest sign of consolidation in the property brokerage business. MPS has six tenant-rep-resentation advisers and three project managers, who will stay withReuters - 178 words
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Article, Illustration1201 2012-01-19 28 Post an online listing if you have a spare room or find one on vacation rental sites NYT [NEW YORK] With hotel rates on the rise, vacation rentals are looking attractive, often providing more space and amenities for less than you wouldNYT; FILE PHOTO - 1,201 words
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Article, Illustration318 2012-01-19 28 Reuters [LONDON] European commercial property investors are likely to focus on top-quality real estate in core markets such as the UK and France in 2012, as concern over the region’s economic outlook continues to sap appetite for riskier assets, CBRE said. DataReuters; BLOOMBERG - 318 words
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327 2012-01-19 28 Bloomberg [LOS ANGELES] Private-eq-uity firms will help drive an increase in hotel transactions this year in smaller US cities, where investment returns tend to be higher than in large markets, according to Jones Lang LaSalle Hotels. “While public real estateBloomberg - 327 words
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Article, Illustration589 2012-01-19 30 Downward trend follows measures by Beijing to cool real estate market AFP S HAN G HAI C h i n a s moves to curb property speculation are finding their mark as home prices in nearly three-quarters of its major citiesAFP - 589 words
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297 2012-01-19 30 Reuters [HONG KONG] Property developer Henderson Land Development Co Ltd said yesterday that it had set a Hong Kong sales target of HK$16 billion (S$2.64 billion) for this year as it focuses on selling less-expensive apartments amid a slumping housing market. That would representReuters - 297 words
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239 2012-01-19 30 Reuters [SHANGHAI] Australian infrastructure firm UGL Ltd will make more acquisitions in China and is looking at buying opportunities in engineering firms globally, a senior executive from the firm said yesterday. “We will make more acquisitions in China, we will acquire Chinese companies,”Reuters - 239 words
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Page 27 Advertisements
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Advertisement94 2012-01-19 27 V\AU?Jk RESIDENCES Wilby Central *****888 Wilby Bukit Timah *****505 aw WILBY CENTRAL Newly Refurbished Serviced Apartments Studio 2-Bedrooms Modern Decor with High Tech Features 5 minutes’ walk to MRT Stations/ Shopping Malls Complimentary shuttle bus service to Orchard Road/Newton/Holland Village Complimentary broadband internet service local calls For more information, visit94 words
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Page 28 Advertisements
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Advertisement199 2012-01-19 28 International Property Group Pte Ltd A Singapore based Boutique Real Estate Broker Focusing On Commercial Real Estate In Central Region of Singapore. We deal with the following types of assets 3 4 Star Hotels I Shopping Mall Office Commercial Buildings Boutique Budget Hotels Commercial Shophouses Strata Office Units Retail Space199 words
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Advertisement207 2012-01-19 28 Royalville 250m to Sixth Ave MRT Land 174,176 sf; GPR 1.4 5-sty; FH 250m to upcoming Sixth Ave MRT station Close to established Pri Int’l schs Near F&B outlets and amenities Potential for 255 apts of ave 1,000 sf Tender Closing on 15 Feb 012 (Wed), 2.3 pm yewmin@credo.com.sg (CEA207 words
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Advertisement133 2012-01-19 28 99,100,101 102 4 Adjoining AMOY STREET Shophouse Units EJr n 115 3-storey with attic 999-year land tenure Site Area: Approx. 8,056 sq ft Gross Floor Area: Approx. 20,546 sq ft Strategically located within CBD. Close to Tanjong Pagar MRT Station and future Telok Ayer MRT Station. Ideal for restaurants, showroom133 words
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3D PERSPECTIVE
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Article, Illustration927 2012-01-19 29 UMA SHANKAR - Boutique interior design consultancy Designphase adopts a specific style for each space that it works with, reportsUMA SHANKARI UMA SHANKAR INTERIOR design consultancy Designphase prides itself on its non-formula-ic work, according to managing director Derek Mackenzie. “What all of our designs have in common927 words
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Advertisement166 2012-01-19 29 A virtuoso of technical perfection Experience the harmony of first-class technology and elegant design. The Metz Primus sets a new benchmark in home cinema entertainment: a double-sided anti-reflective contrast glass filter panel and an expertly crafted composition of wood and metal combine to deliver the highest aesthetic standards with outstanding166 words
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Advertisement12 2012-01-19 29 This is the first of a four-part series brought to you by12 words
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Advertisement53 2012-01-19 30 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 (ACRANo. *****621X) is licensed by the MAS and53 words
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