The Business Times, 9 February 2010

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Total Pages: 29
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    24 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Tuesday, February 9, 2010
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  • Article, Illustration
    Lock icon Junket promoters may have finger in moneylending pie
    614 1  -  Some think they could be using a moneylender’s licence to get around tight casino rules By ARTHUR SIM [SINGAPORE] It looks like everyone wants a piece of the casino action when it opens. According to the Insolvency and Public Trustee’s Office, which
    THE STRAITS TIMES  -  614 words
  • Article
    Lock icon Accountancy sector poised for a shake-up
    725 1  -  Panel proposes financial incentives to spur consolidation of small and medium practices; firms voice concern over two-year timeframe By ANNA TEO [SINGAPORE] The accountancy sector is set for a shake-up, if plans to consolidate the 500 small and medium practices here over a two-year
    725 words
  • Article
    Lock icon MARKETS DIGEST
    141 1 ST INDEX 2,693.62 (+10.06) ST INDEX FUTURES 2,694.00 (+10.00) SIMSCI 323.25 (+2.21) SIMSCI FUTURES 323.50 (+1.80) FOREX US$ S$ US$ (S$ per US$) 1.422 (US$/S$ per 1.556 2.213 EURO (US$/S$/E) 1.366 1.942 Foreign currency per US$ S$ YEN 89.40 62.90 RM 3.445 2.423 HK$ 7.771 5.466 BAHT 33.20
    141 words
  • Page 1 Advertisements
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      146 1 S’PORE GRAND PRIX Strong demand for corporate tickets PAGE 3 EUROZONE WOES Sterling hit by selling pressure PAGE 2 TELCO SingTel gains more handphone customers PAGE 5 PROPERTY HK market due for correction PAGE 30 SPOTLIGHT The entrepreneur and foodie behind the Asian Food Channel PAGE 10 PrimaDeli takes bigger
      146 words
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      13 1 Audit exemption cap review could shrink client pool, Page 3 8 "*****1 *****4
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  • TOP STORIES
    • Article
      Lock icon LNG terminal gets out of the starting gate
      541 2  -  Samsung wins contract for the main building of S’pore’s first LNG terminal By JOYCE JOYCE HOOI [SINGAPORE] The drawn-out crawl to the dotted finishing line finally came to an end yesterday, with the main building contract for Singapore’s first liquefied natural gas
      541 words
    • Article, Illustration
      Lock icon Ousted Merrill chief to steer CIT Group
      812 2 His pay will be lower than he has made in years: NYT NYT AP [NEW YORK] John Thain was yesterday restored to the top of a public company more than a year after he was ousted from Merrill Lynch. Now he is starting
      NYT; AP; ARTHUR LEE  -  812 words
    • Article
      Lock icon Sterling takes pounding from risk-aversion selling
      517 2 Reuters [LONDON] Sterling tumbled to a nearly 9-month low against the dollar yesterday as the UK currency bore the brunt of risk-aversion selling triggered by jitters about the fiscal health of some eurozone countries. Worries about how eurozone states including Greece and Portugal will
      Reuters  -  517 words
    • Article
      Lock icon SIA’s 11th A380 delayed by Japan seatmaker’s lapses
      379 2  -  Test results faked, unapproved design changes made By ZEINAB YUSUF SAIWALLA KOITO Industries, the Japanese supplier of seats to carriers including Singapore Airlines, falsified test results and made unauthorised design changes, according to Japan’s Transport Ministry. SIA said yesterday the situation is
      379 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      635 2 Accountancy sector poised for a shake-up THE accountancy sector is set for a shake-up, if plans to consolidate the 500 small and medium practices here over a two-year period materialise. The Committee to Develop the Accountancy Sector has proposed financial incentives to spur the process: Grants for firms
      635 words
    • Article, Illustration
      Lock icon Speedier ticket sales for SGP than last year
      821 3  -  Price and number of tickets for 2010 SGP largely unchanged from 2009 By NISHA RAMCHANDANI [SINGAPORE] The take-up for corporate tickets at the 2010 Singapore Grand Prix (Sept 24-26) is moving at a faster pace than the one for 2009 SGP, thanks
      821 words
    • Article
      Lock icon Review of audit exemption cap could shrink client pool
      997 3  -  By ANNA TEO [SINGAPORE] The $5 million audit exemption threshold is under review. The outcome could mean cost savings for small businesses, but also a reduced client pool for small and medium accounting practices. Among its proposals for Singapore to become
      997 words
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      5 2 With additional reporting by Bloomberg
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon NYSE Tech hired to set up Asean e-trading link
      377 4  -  SGX, Bursa M’sia, Philippine, Thai bourses ink letter of intent By JAMIE LEE THE Singapore Exchange (SGX) and three other regional exchanges have hired NYSE Technologies to set up an Asean e-trad-ing link. SGX, Bursa Malaysia, the Philippine Stock Exchange and
      BLOOMBERG  -  377 words
    • Article
      Lock icon Texchem-Pack receives privatisation offer
      342 4  -  Parent firm offers 13.5 cents per share, valuing it at $18.7m By CHEW XIANG TEXCHEM-PACK Holdings (S) yesterday said its Malaysian parent company and key shareholder is offering 13.5 Singapore cents a share to take the Singa-pore-listed plastic packaging products maker private. Texchem Resources Bhd, which
      342 words
    • Article
      Lock icon Temasek sells $1 billion of 10-year notes
      397 4  -  By SIOW LI SEN TEMASEK Holdings yesterday sold a 10-year $1 billion note issue with a coupon of 3.265 per cent, in yet another indication of the growing depth of the local bond market. Demand was strong with orders exceeding $2 billion during
      397 words
    • Article
      Lock icon Governance will work only with solid deterrence
      798 4  -  HOCK LOCK SIEW By R SIVANITHY JOHN Quincy Adams, the sixth US president, once famously said that “Congress should not be palsied by the will of our constituents”. Clearly, when it comes to regulating the Australian stock market, it’s a dictum heeded by
      798 words
    • Article, Illustration
      Lock icon SingTel gains more handphone customers
      363 5  -  Total of 3.2m a 42% share of the market cements its leading position By SIOW LI SEN SINGTEL said its total handphone customers in Singapore grew to 3.2 million by end-December 2009, up 8.1 per cent from a year ago. According to the company, it
      363 words
    • Article, Illustration
      Lock icon $140m deals for Keppel; $38.5m order for ASL
      338 5  -  Newbuild orders trickling back for shipbuilders By VINCENT WEE NEWBUILD orders are starting to trickle back for shipbuilders, with Keppel Singmarine sealing $140 million of contracts for a rock dumping fall pipe vessel and a pair of tugs. Meanwhile, ASL Marine grabbed
      338 words
    • Article
      Lock icon China Animal Healthcare Q4 net profit up 40.5%
      386 5  -  By JAMIE LEE CHINA Animal Healthcare which makes drugs used to treat animals posted a 40.5 per cent jump in fourth-quarter net profit due to firmer sales, and expects a future revenue boost from selling more forms of vaccine for pigs. The
      386 words
    • Article
      Lock icon Rickmers lowers Q4 DPU on funding shortfalls
      455 5  -  By VINCENT WEE RICKMERS Maritime Trust put in a creditable fourth quarter performance despite the cloud of unsecured funding hanging over it, with charter revenue and income available for distribution rising 29 per cent and 12 per cent to US$38.1 million and US$17.7
      455 words
    • Article
      Lock icon KSH reports Q3 net profit of $5.1m
      450 7  -  Company cautiously optimistic about the outlook of its construction business By CONRAD TAN KSH Holdings made a net profit of $5.09 million for the three months to end-De-cember 2009, reversing a loss of $965,000 a year earlier, as expenses fell more quickly than
      450 words
    • Article, Illustration
      Lock icon Cerebos racks up 22% growth in Q1 profit
      313 7  -  By JASLENE JASLENE PANG CEREBOS Pacific, a food and health supplements company in the Asia-Pacific region, posted a net profit growth of 22 per cent to $36.8 million for its first quarter ended Dec 31, 2009, from $30.1 million for the previous
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    • COMPANY BRIEFS
      • Article
        Lock icon Boustead Q3 net profit falls 15.5% to $8.7m
        66 7 BOUSTEAD Singapore’s net profit fell 15.5 per cent to $8.7 million for the third quarter ended Dec 31, as revenue slid 9.6 per cent to $103.6 million, compared to a year earlier. The group, which sells infrastructure-related engineering and other services, said
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      • Article
        Lock icon Hsu Fu Chi Q2 earnings up 50.5% at 236.35m yuan
        71 7 HSU Fu Chi International said net profit for the second quarter to end December 2009 jumped 50.5 per cent to 236.35 million yuan (S$49.25 million). Revenue, however, slipped 2.4 per cent to 1.31 billion yuan. The fall was due mainly
        71 words
      • Article
        Lock icon Yongmao in the red in fiscal Q3
        78 7 YONGMAO Holdings sank into the red for the fiscal third quarter to end December 2009 as keen competition squeezed the margins in its key markets. Net loss in the three months was 6.92 million yuan (S$1.44 million), compared with a net profit of
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      • Article
        Lock icon China Yuanbing swings into the red in Q2
        93 7 CHINA Yuanbing Property Holdings has posted a net loss of 15.3 million yuan (S$3.19 million) for the second quarter ended Dec 31, 2009, on the back of an 86.8 per cent year-on-year decline in revenue to 3.65 million yuan. In the same
        93 words
      • Article
        Lock icon Z-Obee gets in-principle nod for dual listing in HK
        55 7 Z-OBEE Holdings said it has received in-principle approval for its proposed dual listing in Hong Kong, subject to certain conditions, including the final approval of the Hong Kong stock exchange and the approval of the firm’s shareholders at a meeting to
        55 words
      • Article
        Lock icon Gems TV narrows loss to US$6.3m in Q2
        65 7 GEMS TV Holdings’ net loss narrowed to US$6.3 million for the second quarter ended Dec 31, 2009, compared with a net loss of US$18.5 million a year earlier, as gross profit margins rose. The improvement was due to revised sales strategies and
        65 words
      • Article
        Lock icon St James cuts 6-month losses to $727,000
        60 7 ST James Holdings’ losses narrowed to $727,000 for the six months to Dec 31, from $14.7 million a year earlier, despite lower revenue, as costs fell. The entertainment group said it sees encouraging signs of gradual improvement in consumer spending and will continue
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      • Article
        Lock icon China Bearing chalks up 1.3m yuan loss for 2009
        61 7 CHINA Bearing (Singapore) reported an after-tax loss of 1.3 million yuan (S$270,770 for 2009, compared with a net profit of 12.8 million yuan for 2008, as revenues plunged 35 per cent to 145.7 million yuan. That was mainly due to a
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      71 4 n JAPANESE WAGYU Yusheng 31. X ■> -1v is i Available fro b 2010 Sashimi Seafood Yusheng 9 (?4lf) (gp Served with soy-sauce based Japanese dressing or traditional plum sauce. m KURIYA DINING #01 -28 Great World City (Office Tower) 1 Kim Seng Promenade Singapore *****4 Tel:6736 0888 (Closed from
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      547 4 MATS NOTICES In The Matter Of The Companies Act, Cap.50 And In the Matter of ASIA GOLD FUND, PTE. LTD. (Co. Reg. No. *****2212W) (In Creditors' Voluntary Liquidation) Extract of the minutes at the Creditors Meeting of the company convened and held at 13A Mackenzie Road, Singapore, 2 2 8676
      547 words
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      292 5 tl'Jl'J I 8*5' $5 Million Reunion Draw Mon, 15 Feb 2010, 9.30pm Tickets on sale at all outlets today. $10 Pack also available for your convenience. $268 Pack for $10M Hong Bao Draw comes with tickets from Top 12 winning outlets. Order online at www.singaporepools.com.sg GENTING SINGAPORE USD 1,170,000,000 Rights
      292 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Volume shrivels in cautious trading
      610 6  -  Broad market weak; STI ends 10 points up with focus mostly on second liners and penny stocks STOCKS R SIVANITHY Senior Correspondent HAVING been burnt by the sell-off of the past two weeks, traders and investors alike quite understandably opted for caution and safety first
      610 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 6 Feb 8 VALUE CLOSE BT OB/OS -1125.00 +39.00 BT CADI -*****.00 -72.00 BT 10-day MA -*****.00-113.00 FTSE ST Mid Cap 651.64 +0.54 FTSE ST Small Cap 510.27 -1.19 FTSE ST All Share 664.95 +1.98 FTSE ST China Top 258.16 -2.40 FTSE ST China 274.32 -2.67 FTSE ST
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 8 2 0 0 0 6 8 2 Manufacturing 40 73 74 5 9 16 45 82 90 Commerce 16 24 29 3 7 3 19 31 32 Tpt/Stor/Comms 12 17 13
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    • BROKERS’ TAKE
      • Article
        Lock icon Genting Singapore
        446 6  -  Compiled by CONRAD TAN Disclaimer: All analyses, recommendations and other information herein are published for general information. Readers should not rely solely on the information published and should seek independen t financial advice prior to making any investment decision. The publisher accepts no liability for any loss whatsoever
        446 words
    • Article, Illustration
      Lock icon Overseas events to take centrestage
      322 6  -  CHART POINT By KEN TAI Senior Technical Strategist KELIVE RESEARCH (Part of the Kim Eng Group) IF LAST Friday’s dramatic snapback by the Dow Jones Industrial Average from its earlier triple-digit loss to a 10-point gain at the close is anything to go by, a
      Source: Bloomberg  -  322 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 6 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 46,129 46,129 63,954 63,954 Manufacturing 373,421 31,131 404,552 216,565 924 217,488 Commerce 94,951 9,877 104,828 126,528 2,158 128,686 Tpt/Stor/Comms 100,361 3,255 103,616 166,756 635 167,391 Finance 22,466 22,466 143,367 143,367 Construction 63,925 31,004 94,929 16,505
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 6 Stock name Close Change Stock name Close Change CapitaLand 3.680 +0.040 CapitaMall 1.730 CityDev 10.420 +0.040 ComfortDelGro 1.560 +0.030 Cosco Corp 1.180 -0.030 DBS Grp 14.260 +0.220 F&N 3.760 -0.070 Genting SP 1.090 -0.020 Golden Agri 0.500 -0.005 HK Land 4.410 -0.040 JMH 30.000 JSH 16.800
      113 words
    • Article, Illustration
      Lock icon Euro slips vs US$ on negative sentiment
      538 6 CURRENCIES Reuters [LONDON] The euro slipped against the US dollar yesterday, staying near multi-month lows on concerns about the fiscal health of some euro zone countries. Analysts said that sentiment towards the single currency remained broadly negative, not helped by Greek unions pledging
      Reuters; AFP  -  538 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME Genting SP 255,121,000 Golden Agri 94,834,000 Eastgate Tech 60,570,000 Transcu Grp 52,812,000 ChinaHuAn 47,745,000 Sin Heng 40,453,000 RafflesEdu 38,775,000 ChinaACorp 28,268,000 Sapphire 24,351,000 MAP Tech 23,928,000 VALUE($) Genting SP 283,315,910 DBS Grp 73,405,852 Wilmar 67,968,857 Noble Grp 51,069,152 SingTel 48,960,560 Golden Agri 47,428,650 StraitsAsia 43,860,950 Keppel
      57 words
    • Article
      Lock icon RISES
      108 6 BY CENTS CLOSE UP GLD 10US$ ***** 262.9 1.8 UOB 1826 26.0 1.4 DBS Grp 1426 22.0 1.6 SIA 1432 22.0 1.6 UOB 5.05%NCPS 100 ***** 20.0 0.2 OCBC Bk 5.1%NCPS 100 ***** 16.0 0.2 OCBC Bk 824 15.0 1.9 DBS.ES.1002 1424 14.0 1.0 SIA 200 1426 14.0 1.0
      108 words
    • Article
      Lock icon FALLS
      124 6 BY CENTS CLOSE DOWN DBXT MSKorea 10US$ 4296-326.9 -5.1 DBXT FTVietnam 10US$ 4363-217.5 -3.4 Lyxor MS India 10US$ 1370-137.9 -6.6 DBXT MSAsExJp 10US$ 2578-133.6 -3.5 Lyxor EasternEurope1 479 -81.0 -10.6 DBXT MSEurope 10US$ 3894 -79.6 -1.4 DBXT DJE50 10US$ 3815 -68.2 -1.2 Jardine C&C 2462 -64.0 -2.5 DBXT Nifty
      124 words
    • Article
      Lock icon CURRENCIES
      87 6 Where S$ stands Feb 8 CHNG YR 2010 CLOSE FR Feb 5 S$ LOW S$ HIGH US$ 1.4216 0.02 1.4219 1.3869 Euro 1.9472 -0.09 2.0153 1.9458 Pounds 2.2143 0.64 2.2776 2.2142@ A$ 1.2349 -0.57 1.2923 1.2276 Yen* 1.5897 -0.16 1.5897# 1.5027 Rupiah* 0.***** 0.12 0.***** 0.***** Baht* 4.2832 -0.03
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      241 7 ABUNDANT SAVINGS YOU FLY WITH JETSTAR! ITS rilO rrs $M&o de tZitMo (GUigoths de A A Senado Square, Mac. Singapore MediaCorp Artiste, Joanne Fly with Jetstar to Macau fromSGD 108 (ALL-INCLUSIVE AIRFARE) And be rewarded with attractive rates at Venetian Macao from SGD243* JetSaver Light A fares carry-on baggage only.
      241 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Taxes on life sciences firms likely to rise: PwC
      429 8  -  Changing market dynamics, increased govt attention among factors By NISHA RAMCHANDANI THE effective tax rate for the pharmaceutical and life sciences industry is likely to increase, given factors such as the global financial crisis, government pressure, changing market dynamics and healthcare
      FILE PHOTO  -  429 words
    • Article
      Lock icon Homegrown D-SIMLAB inks deal with EADS
      245 8  -  By TIMOTHY TIMOTHY SEOW A HOMEGROWN company may soon help advance new service models and logistics policies for Airbus aircraft. D-SIMLAB Technologies (D-SIMLAB) and EADS IW Singapore have signed a memorandum of understanding (MOU) towards this end. The MOU covers two main areas: the
      245 words
    • Article
      Lock icon New cancer institute to be formally opened at NUH today
      270 8  -  By NISHA RAMCHANDANI IN ITS quest to be a comprehensive cancer centre, the National University Cancer Institute, Singapore (NCIS), will treat both adult and child patients, carry out research on cancers that afflict Singaporeans as well as train doctors and
      270 words
    • Article
      Lock icon NEA awards $4.8m to five research projects
      435 8  -  They will look into waste management solutions for S’pore By ZEINAB YUSUF SAIWALLA A STEP closer to its vision of establishing zero waste and zero landfills, the National Environment Agency (NEA) yesterday announced the awardees of the first Environment Technology Research Programme (ETRP)
      435 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon CDL bags Sengkang condo site
        112 8 THE Housing Development Board said yesterday it has awarded a 99-year-leasehold private condominium plot at Sengkang West Avenue/Fernvale Link to top bidder Sunmaster Holdings. The company is a fully owned unit of City Developments Ltd (CDL). It bid $200.5 million or $365.26 per sq ft
        112 words
      • Article
        Lock icon MOM helps workers recoup $1.5m
        88 8 MORE than $1.5 million was recovered for 1,500 Singapore workers in 2009. While the Labour Court issued orders for payments to be made to 900 workers, 600 reached-out-of-court settlements with their former employers after the manpower ministry’s intervention. Some 85 per cent of all workers
        88 words
      • Article
        Lock icon Berita Harian launches 2 weeklies
        105 8 SINGAPORE Press Holdings’ Malay-language daily Berita Harian launched two weekly supplements yesterday, for primary and secondary school students. The supplements are Gen G (short for Generasi Geliga or Intelligent Generation) for primary school students and i3 (read as i-Cube, an acronym for Inspirasi, Innovasi Idea
        105 words
    • Article
      Lock icon Yang Kee plans $45m chemical logistics hub
      427 9  -  Company awards BBR Hldgs a $42m contract for Phase 1 of the new project By ABIGAIL KOR YANG Kee Logistics Pte Ltd announced yesterday its plans to invest $45 million in a new one-stop chemical logistics hub at Jurong Pier Road. It awarded
      427 words
    • Article, Illustration
      Lock icon Overall crime rate dips by 0.4%
      289 9 DESPITE the economic crisis putting many people out of work last year, Singapore’s overall crime rate eased 0.4 per cent to 32,968 cases, from 33,113 in 2008. The biggest drop was in violent property crimes that is, crimes involving taking money or property by
      FILE PHOTO  -  289 words
    • Article, Illustration
      Lock icon CPI down 0.4% in H2; up 0.2% for ’09
      445 9  -  Poorest 20% seen bearing biggest price jump this year By TEH SHI NING CONSUMER prices fell for all income groups in the second half of last year compared with a year earlier. The fall was largest for the poorest 20 per
      BLOOMBERG  -  445 words
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      915 8 [«iAT3 BUY IT- SELL IT- FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg ASIAN MICRO HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Registration No. *****1052K) (the "Company") NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of the Company will be held at Orchid
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      33 9 AM NGV (S) Pte Ltd <tfc HOWOCNG fllEf PRIME MOUER i 29DHP E172DCC FOR SALE or LEASE S$2300-S$2500 No 1 Teck Park Crescent Singapore *****1 Call for more info 6862 7777( Ms Lee
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      98 9 FIXED INCOME MARKETS We offer you l vybrte! Of I It's time for a change" Calyon changes its name to Credit Agricole Corporate Investment Bank. Choose a bank which engages its expertise for the sole benefit of serving its clients. Our 5 business lines (foreign exchange, interest rate derivatives, debt
      98 words
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  • SME Inc
    • Article, Illustration
      Lock icon Trust a foodie to feed your senses
      670 10  -  With Asians so fond of food, the founders of AFC were sure it would go the distance, reports ZEINAB YUSUF SAIWALLA ZEINAB YUSUF SAIWALLA WHOintheirrightmindwould leave a top banking job for the treacherous world of television production? Hian Goh made just such a
      ARTHUR LEE  -  670 words
    • Article, Illustration
      Lock icon PrimaDeli takes bigger bite of bakery pie
      411 10  -  By JASLENE PANG HOMEGROWN bakery chain PrimaDeli is eyeing a bigger share of the consumer pie with a new concept store targeted at affluent, urban consumers. Unlike PrimaDeli bakeries which have assorted local favourites targeted at heartlanders, its upmarket sister PrimaDeli Express has
      FILE PHOTO  -  411 words
    • Article
      Lock icon Video firms save certificate costs
      500 10  -  PRO-ENTERPRISE CHANGES By OLIVIA HO The Pro-Enterprise Panel (PEP) was set up in 2000 to solicit feedback from businesses on how government rules and regulations can be improved to create a more pro-enterprise environment. Chaired by Civil Service Head Peter Ho, the PEP consists of
      500 words
    • Article
      Lock icon Only 3 gainers as portfolio sheds 3.6%
      414 10  -  By TEH HOOI LING INCREASED risk aversion triggered by fiscal fears in Europe and, as a consequence, a stronger US dollar has led to widespread redemptions from emerging market equity funds. In situations like this, small-cap stocks due to their low liquidity usually
      414 words
    • Article
      Lock icon A set-up for success
      1132 11 THIS WEEK’S TOPIC The Economic Strategies Committee has proposed setting up a specialised institution similar to an export-import (Exim) bank. This entity would address the gaps in cross-border financing that are faced by SMEs looking to expand overseas. What do you think of the idea? Would
      1,132 words
    • Article, Illustration
      Lock icon Position SMEs for a solid recovery
      1320 12  -  A slice of Budget 2010 would go a long way in boosting the sector’s productivity and long-term growth COMMENTARY By CHIU CHIU WU HONG,HARVEY KOENIG Chiu Wu Hong is executive director and Harvey Koenig is director at KPMG Tax Services in Singapore. The views
      FILE PHOTO  -  1,320 words
    • Article, Illustration
      Lock icon Redefining the Indian palate
      895 12  -  By ZEINAB YUSUF SAIWALLA AS one of the first Indian restaurants here in 1969, Muthu’s Curry pioneered the practice of using banana leaf “plates” on which waiters would deposit copious amounts of white or yellow rice and curries of various orangey hues in Singapore. Then in
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      24 10 SI* 4- tk Lianhe Zaobao Shanghai Stock Exchange plans international board to lure top global firms ±#SiiEx§r HJftiilllMS For Subscription, call 6388 3838 www.sphsubscription.com.sg
      24 words
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      89 11 Voices Next week’s topic: Finance Minister Tharman Shanmugaratnam is due to deliver the Budget speech on Feb 22. As an SME, what are the items on your Budget wish list? If you are an SME owner or leader, we would like you to share your views on this topic. Please
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      416 11 The Inaugural Asian Business Angel Forum 2010 GUEST OF HONOUR MR LEE Yl SHYAN Minister of State for Trade Industry and Manpower PROUDLY ORGANISED BY: bansea 8 to 9 March 2010Pan Pacific Marina Singapore SEEDING ASIA'S HIGHTECH FUTURE FORUM OVERVIEW The Forum is the inaugural event in Asia for Angels
      416 words
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  • Page 13 Advertisements
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      4447 13 TEXCHEM TEXCHEM-PACK HOLDINGS (S) LTD. (Incorporated in Singapore) Company Registration No. *****8296H ANNOUNCEMENT PROPOSED VOLUNTARY DELISTING OF TEXCHEM-PACK HOLDINGS (S) LTD. INTRODUCTION .1 The Board of Directors ("Board" or "Directors") of Texchem-Pack Holdings (S) Ltd. ("Company" or "Texchem-Pack") wishes to announce that the Board has on 8 February 2010 received
      4,447 words
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  • ECONOMY WATCH
    • Article
      Lock icon Japanese bank lending falls most in 4 years
      480 14  -  By ANTHONY ROWLEY BANK lending in Japan suffered its biggest fall in more than four years during January, underlining the continuing weak state of the world’s second largest economy and of Japanese corporate investment in particular, the Bank of Japan said yesterday.
      480 words
    • Article, Illustration
      Lock icon Unlike the West, Asia rises above crisis
      840 14 Little risk of default among even heavily indebted countries NYT [MUMBAI] While rising government debt is a growing concern in Europe and the United States, Asia’s economies remain remarkably resilient, even buoyant, underscoring how economic might is shifting from West to East. China
      NYT; AP  -  840 words
    • Article, Illustration
      Lock icon Greenspan: Fall in stocks ‘more than warning sign’
      561 14 Bloomberg [WASHINGTON] Former Federal Reserve chairman Alan Greenspan said a US economic recovery is “going to be a slow, trudging thing”, and that he “would get very concerned” if stock prices continue to fall. A drop in stock prices is “more than
      Bloomberg  -  561 words
    • Article
      Lock icon G-7 vows to keep spending, back global recovery
      486 14 AP [IQALUIT, Canada] Top international finance officials renewed their commitments to keep spending to support a global rebound while playing down differences over new US approaches on bank reform. Finance ministers and central bank presidents of the Group of Seven (G-7) major
      AP  -  486 words
    • Article, Illustration
      Lock icon NZ economy fragile but not slipping back: central bank
      552 14 Bloomberg [WELLINGTON] New Zealand’s soaring unemployment rate is confirmation the economy is fragile and not that it is in worse shape than expected, according to Reserve Bank governor Alan Bollard. “Domestically it’s still fragile,” Mr Bollard told Television New Zealand’s Q+A
      Bloomberg; BLOOMBERG  -  552 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon KL urged to limit new imports from China
      527 15  -  Businesses also seek further liberalisation of economy under new economic model By PAULINE NG WARY of cheaper Chinese products flooding the region following the implementation of the ChinaAsean free trade agreement on Jan 1, Malaysian Chinese businesses have called on the government
      AFP  -  527 words
    • Article
      Lock icon Islamic banks seen moving into more equity funding
      486 15 Reuters [KUALA LUMPUR] Islamic banks are expected to move more deeply into riskier, equity-based financing as they seek alternatives to controversial debt mechanisms like the tawarruq, a prominent Syariah scholar said yesterday. Syariah banks have been reluctant to adopt equity models like
      Reuters  -  486 words
    • Article
      Lock icon Indonesia raises 8t rupiah from retail sukuk
      444 15 Limits on individual bid sizes will be set at next retail sale Reuters [JAKARTA] Indonesia raised 8.033 trillion rupiah (S$1.2 billion) from the sale of a three-year retail sukuk, a finance ministry official said yesterday, more than double the indicative target of three
      Reuters  -  444 words
  • Page 15 Advertisements
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      129 15 LIMITED SPACE ONLY FOR THE FIRST TIME IN SINGAPORE, A GATHERING OF THE EXPAT COMMUNITY xpo SUNTEC SINGAPORE 20 21 MARCH 2010 10AM 7PM The Expat Expo Singapore is an ideal opportunity to interact with expats and affluent Singaporeans and provides businesses with the perfect platform to showcase their various
      129 words
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  • Page 16/17 Advertisements
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      150 16/17 YAFRIRO Celebrer Le Temps WISHING -R Y, I 4 mmmmsmm XL )A i—. m v- M 52. \R Y ■I m i B JV LAN > AL A 9H PQ IN COMMEMORATION OF OUR 10TH ANNIVERSARY, WE ARE PLEASED TO INTRODUCE TWO ESTEEMED JEWELLERY BRANDS TO OUR NEW BOUTIQUE OPENING
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Taipei stresses need to seal FTA with China
      799 18 Deal crucial for Taiwan to join other FTAs, compete with regional rivals Bloomberg [TAIPEI] Taiwan needs to seal a free trade agreement with China to ensure the island can compete with regional rivals in global markets, according to the island’s official who
      Bloomberg; BLOOMBERG  -  799 words
    • Article
      Lock icon Tepid overseas demand may hit share sale of Indian state firms
      581 18 Poor take-up of NTPC highlights investor concerns Bloomberg [MUMBAI] India’s drive to sell a record 250 billion rupees (S$7.6 billion) of shares in state-owned companies to plug a deficit in government revenue may fall short after foreign investors shunned
      Bloomberg  -  581 words
    • Article
      Lock icon India insurers’ share holdings may hit record US$21b
      241 18 Bloomberg [MUMBAI] Indian insurance companies may increase investments in the nation’s stocks by 24 per cent to a record US$21 billion next fiscal year as premium collections rise, according to India’s largest private insurers. That’s up from an expected US$17 billion invested
      Bloomberg  -  241 words
    • Article
      Lock icon Indian bourse boosts system to cope with rising volume
      238 18 Bloomberg [MUMBAI] National Stock Exchange of India’s upgraded system, tested during a special trading session over the weekend, will help the bourse cope with rising volume and competition, India’s biggest brokerage by branch network said. The country’s stocks gained for the
      Bloomberg  -  238 words
    • Article
      Lock icon Indian economy seen growing at 7.2%: govt
      296 18 Reuters [NEW DELHI] The Indian economy is expected to grow at 7.2 per cent in 2009/10, the government said yesterday, reinforcing the possibility that it may start to unwind its fiscal stimulus in the forthcoming budget. The official growth forecast is in line
      Reuters  -  296 words
    • Article, Illustration
      Lock icon Melamine-tainted milk powder resurfaces in China
      400 18 Leftovers from 2008 scandal that took six lives illegally resold AFP [BEIJING] The authorities in China are hunting for nearly 100 tonnes of mela-mine-laced milk powder left over from 2008, when six babies died from consuming the toxic substance, state media said yesterday. The
      AFP  -  400 words
    • Article
      Lock icon China shuts down hacker training operation
      349 18 AFP [BEIJING] Police in central China have shut down a hacker training company that taught thousands of people how to launch cyber attacks and provided them with spy software, media reports said yesterday. The reports come amid growing accusations of organised computer hacking originating
      AFP  -  349 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Australia’s north too dry to be a food bowl, says report
      593 19 Climate change will make it drier by 2030 but resources boom will continue Reuters [SYDNEY] The dream of turning Australia’s tropical north into a major food bowl to replace drought-stricken southern farmlands and feed a future Asia has been
      Reuters  -  593 words
    • Article, Illustration
      Lock icon BHP names new head for iron ore business
      452 19 Reuters [SYDNEY] Australia’s BHP Billiton yesterday named Chris Campbell as president of the firm’s iron ore business, the second major management reshuffle among top miners in the country focused on soaring demand from China. Mr Campbell is charged with marketing iron ore
      Reuters; BLOOMBERG  -  452 words
    • Article
      Lock icon Australia tightens rules for skilled migration
      542 19 Too many hairdressers and cooks, not enough doctors: minister AP [CANBERRA] Australia tightened its migration rules yesterday in favour of English speakers and professionals, saying that the country has been attracting too many hairdressers and cooks and too few doctors and engineers. Immigration Minister
      AP  -  542 words
    • Article, Illustration
      Lock icon Kirin backs out of talks with Suntory
      520 19 Bloomberg [TOKYO] Kirin Holdings Co, Japan’s largest beverage company, ended talks to buy Suntory Holdings Ltd that would have created the world’s fifth-biggest foodmaker after baulking at a US$10 billion asking price. Suntory President Nobutada Saji and other members of the founding family
      Bloomberg; BLOOMBERG  -  520 words
    • Article
      Lock icon AMP to study position on AXA Asia-Pac deal
      284 19 Reuters [SYDNEY] Australian wealth manager AMP Ltd has let its exclusive deal with French insurer AXA SA expire for a joint US$11 billion buy of AXA Asia Pacific Holdings, paving the way for rival bidder National Australia Bank (NAB) to start talks
      Reuters  -  284 words
    • Article
      Lock icon Guard against unhealthy aspects of algorithmic trade: ASX
      384 19 Reuters [SYDNEY] Australia’s stock-market operator, ASX Ltd, urged the markets watchdog yesterday to guard against some unhealthy aspects of algorithmic trading, voicing doubts on the benefits of such rap-id-fire, computer-driven trade. Algorithmic trading, where a computer programme can execute a myriad of
      Reuters  -  384 words
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  • WORLD
    • Article, Illustration
      Lock icon US small businesses the weak link in rebound
      724 20 Unlike previously, they’re still cutting capital spending and dismissing workers Bloomberg [NEW YORK] Small businesses are becoming the Achilles heel of the US recovery by limiting growth and job creation. Companies with fewer than 500 employees, such as Phoenix Technologies Ltd and
      Bloomberg; BLOOMBERG FILE PHOTO  -  724 words
    • Article, Illustration
      Lock icon Wall St backlash against Obama policies mounts
      763 20 Major campaign donors now rebuff Democrats’ appeals AP [WASHINGTON] If the Democratic Party has a stronghold on Wall Street, it is JPMorgan Chase. Its chief executive, Jamie Dimon, is a friend of President Barack Obama’s from Chicago, a frequent White House guest and
      AP; BLOOMBERG FILE PHOTO  -  763 words
    • Article
      Lock icon Study links sugary soft drinks to pancreatic cancer
      433 20 Reuters [WASHINGTON] People who drink two or more sweetened soft drinks a week have a much higher risk of pancreatic cancer, an unusual but deadly cancer, researchers reported yesterday. People who drank mostly fruit juice instead of sodas did not have the
      Reuters  -  433 words
    • Article
      Lock icon Greece overhauls tax system to fight crisis
      334 20 AP [ATHENS] Greek officials yesterday put the final touches on an overhaul of the country’s ineffective tax system part of their urgent effort to fix a debt crisis that has shaken the entire euro zone. The centre left government has pledged to fight
      AP  -  334 words
    • Article, Illustration
      Lock icon Spain talks tough to unions on pension plan
      400 20 Reuters [MADRID] Spain’s Socialist government will stand by a plan to raise the retirement age despite a threat of union protests, Labour Minister Celestino Corbacho said in an interview published yesterday. Prime Minister Jose Luis Rodriguez Zapatero’s government is trying to cut
      Reuters; AFP  -  400 words
    • Article
      Lock icon Nokia to defend itself ‘vigorously’ in lawsuit by investors
      199 20 Bloomberg [HELSINKI] Nokia Oyj, the world’s biggest maker of mobile phones, plans to defend itself “vigorously” in a class-action lawsuit filed by US investors. “Nokia has reviewed the allegations contained in the complaint and believes they are without merit,” the Espoo,
      Bloomberg  -  199 words
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  • AVIATION
    • Article, Illustration
      Lock icon Thai Airways okays plan to acquire 15 jets
      319 21 Carrier plans to retire 25 aircraft in next three years Bloomberg [BANGKOK] Thai Airways International’s board approved a plan to acquire 15 new aircraft over three years to replace aging planes, chairman Ampon Kittiampon said. Thai Air will buy seven short-range aircraft
      Bloomberg; REUTERS  -  319 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2870 21 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1240 SQ458 1415 Adelaide LH9771 1740 LH9770 2350 SQ268 1740 SQ269 2350 VS7268 1740 VS7269 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 QF81 1830 Ahmedabad NH6292 1900 SQ530 1900 Amsterdam LO4031 0610 AZ3993 0125 SQ323 0610
      2,870 words
    • Article, Illustration
      Lock icon JAL keeps American Airlines ties
      532 21 New management believes switch to Delta will be costly and risky: media AFP [TOKYO] Japan Airlines, after declaring bankruptcy last month, has decided to keep its current tie-up with American Airlines and end talks to defect to Delta Air Lines, local media reported yesterday. US
      AFP; AP  -  532 words
    • Article
      Lock icon US to cut back security plan for private jets
      637 21 LAT-WP [WASHINGTON] Citing industry objections, the Transportation Security Administration (TSA) is preparing to scale back a controversial plan to expand aviation security rules for the first time to thousands of private planes. TSA officials said last week they expect to issue
      LAT-WP  -  637 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      335 21 CRYPTIC CROSSWORD Across 1 Believes barrier to be around pigs? On the contrary (8) 5 Initially stuffy wife has urge to change (6) 9 Learner driver with the Stig could become most graceful (8) 10 Open United Nations’ customary function to listeners (6) 12 Dr’s nicely massaged with roller-shaped objects
      335 words
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  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      2237 22 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN RTM/ANR/TIL *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination SAN SIMEON NEW ORLEANS/CAMDEN *Loads E./W. Malaysia, Indonesia Destination TABA Sharjah/Dammam
      2,237 words
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      Lock icon Page 22 Advertisements Column 2
      556 22 WALLENIUS WILHELMSEN LOGISTICS website: http://www.2wglobal.com TO NORTH AND LATIN AMERICA ‘‘CAR RORO HEAVYLIFT SERVICE’’ VESSEL VOY RAMP HEIGHT SIN TIW LBC MAO SAV BAL NEN OBERON FF003 320 Tons 6.50M 10/02 13/03 16/03 24/03 29/03 03/04 01/04 TARAGO FF004 320 Tons 6.40M 28/02 29/03 06/04 11/04 18/04 17/04 TAMESIS FF005
      556 words
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  • SHIPPING
    • Article
      Lock icon Strong demand in dry bulk seen this year
      379 23  -  But over-supply in shipping market likely to worsen in H2: industry exec By VINCENT WEE DRY bulk demand will be strong this year. But the dry bulk shipping market remains uncertain due to over-supply, which is likely to worsen in the second
      379 words
    • Article
      Lock icon Singapore-registered tug boat missing off Pulau Tioman
      234 23 ANOTHER tug boat has gone missing in the waters off Pulau Tioman, suspected of being hijacked, in the same area that a similar vessel went missing last April. The Singapore-regis-tered tug boat, Asta, which was towing a barge called Callista, departed Singapore for
      234 words
    • Article, Illustration
      Lock icon America’s Cup 1st leg start postponed
      343 23 AFP [VALENCIA] Lack of wind postponed the start yesterday of the first race of the 33rd America’s Cup, pitting defending Swiss champions Alinghi against US side Oracle in a best-of-three series. The kickoff for the race a 40-nautical-mile wind-ward-leeward course off the coast of
      AFP; AP  -  343 words
    • Article
      Lock icon Stena buying 4 Samsung tankers for Brazil
      510 23 Bloomberg [RIO DE JANEIRO] Stena Bulk, a Swedish shipping company, said it is ordering four tankers from Samsung Heavy Industries Co for US$268 million to ship crude from Brazil, home of the Americas’ biggest oil discovery in three decades. Two of the tanker
      Bloomberg  -  510 words
  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      591 23 SHIPPING TIMES HDS LINES THE SHORTEST TRANSIT TO PERSIAN GULF Visit our website at: TBA CONTAINER SERVICE TO JEDDAH, ISTANBUL, MIDDLE EAST, PERSIAN GULF, CIS, MEDITERRANEAN AND NORTHERN EUROPE HDM SERVICE FMX and SMX SERVICE Connecting EMC SERVICE via MALTA VESSEL VOY SIN PKG JEA BND BIK SIN PKG JED
      591 words
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      Lock icon Page 23 Advertisements Column 2
      343 23 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) MUA SIN PKL KUC JKT SUR FABULOUS SW 9 60 15/02 17/02 20/02 22/02 OCEAN LOHAS 24 60 16/02 19/02 GOLD MENAM 100 40 122 19/02 22/02 CORAL HERO 101 50 80 27/02
      343 words
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      Lock icon Page 23 Advertisements Column 3
      427 23 SINOKOR MERCHANT MARINE CO. LTD FMX (W) FMX (E) Vessel Voy SIN BDN JEA KLF HY MONTEVIDEO 0001W 18/02 26/02 27/02 01/03 CSL MARIE 0002W 25/02 05/03 06/03 08/03 HJ GDYNIA 0008W 11/03 19/03 20/03 22/03 Vessel Voy SIN TAO KAN PUS SHA HJ GDYNIA 0007E 11/02 18/02 20/02 21/02
      427 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Stemming the flow of Malaysia’s red ink
      480 24 EDITORIAL MALAYSIA’S economic goalposts have shifted. Last week, the administration of Prime Minister Najib Razak unveiled its Government Transformation Programme Roadmap and its appraisal of the economy was sobering. The document estimated that for the country to achieve Vision 2020, Malaysia had to
      480 words
    • Article, Illustration
      Lock icon Kerala getting first bitter taste of globalisation
      833 24  -  THE BOTTOM LINE YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT KERALA, India’s most globalised state, is in trouble. Unlike the rest of the country, the southern state’s economy is based on the remittances sent by expatriate workers
      833 words
    • Article, Illustration
      Lock icon Defending against transfer pricing attacks
      1161 24  -  Singapore should ink tax treaty with US and secure OECD membership to shield taxpayers By MATTHEW ANDREW, NICOLE FUNG The writers are tax partners, PricewaterhouseCoopers Services LLP TRANSFER pricing, to put it simply, is the act of pricing goods and services to cross-border related parties.
      BLOOMBERG  -  1,161 words
    • Article, Illustration
      Lock icon Populist pressure could push Obama into China bashing
      1756 25  -  Amid difficult economic ties, China has emerged as a convenient target for both Democrats and Republicans LEON HADAR Washington Correspondent ONE of the fantasies concocted by Obamaniacs in the aftermath of the 2008 presidential election was that the Chinese leadership would welcome
      AFP  -  1,756 words
    • Article, Illustration
      Lock icon America’s end may be a deadly farce
      789 25  -  PAUL KRUGMAN NYT WE’VE always known that America’s reign as the world’s greatest nation would eventually end. But most of us imagined that our downfall, when it came, would be something grand and tragic. What we’re getting instead is less a tragedy than
      NYT; AFP  -  789 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8954 26 Transaction date: Feb 8 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 3 3148 8Telecom 15.5 unch 108 15.5 15 15.5 16 5 0.7 28.2 74.2 10 2.5 5834
      8,954 words
    • Article
      Lock icon SGX CATALIST
      1740 27 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 s AA Grp 5 4.5 5.5 4.8 25 12 8538 t APStrategic 16.5 14 17 97.4 4 0.5 1501
      1,740 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9360 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.15/ APS Alpha Fund (USD)!** 0.81/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.68/ Aberdeen Asset Mgt Asia Limited American Opp 0.6227/ Asian Credit Fund 1.2226/ Asian
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    • Article
      Lock icon SINGAPORE STOCKS
      2 27
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    • Article
      Lock icon SGX ETF
      495 27 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 111 107 6389 ABF SG Bond ETF 109 108 110 497.6 846 427 CIMBAsean40 100US$ US767 -8 61 779 767 771 776 30.7 298
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    • Article
      Lock icon CLOB INTERNATIONAL
      256 27 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 20 6000 AVJennings A47 45 50 3.6 7.4 3.8 122.4 31 6 6017 Genting HK US$ US21 +0.5 5484 22 20 20.5 21
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      365 28 In local curr In S$ In US$ dy yr dy yr dy yr Feb 5 Index Change Change Change Change Change Change World Index Preliminary 784.9 -1.3 -5.7 -1.3 -5.6 -1.5 -6.7 EAFE Preliminary 736.4 -2.1 -6.2 -2.2 -7.0 -2.5 -8.2 Europe Preliminary 1042.5 -2.1
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    • Article
      Lock icon INTERBANK RATES
      177 28 Feb 8 $S Offer Bid Overnight 3/16 1/8 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 0.15 US$ Offer Bid 7 days 0.23 0.18 1 month 0.28 0.23 2 months 0.35 0.25 3 months 0.37 0.27 6 months 0.50 0.40 9 months 0.90 0.60 12
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 28 Feb 8 S$ Bid Offer 1-month 1.4215 1.4227 2-months 1.4218 1.4230 3-months 1.4220 1.4232 6-months 1.4226 1.4238 Source: OCBC
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    • Article
      Lock icon SICOM FUTURES
      190 28 Feb 8 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 10 296.0 600 Apr 10 296.0 380 May 10 295.0 292.0 295.0 80 646 Jun 10 295.0 292.0 295.0 40 640 Jul 10 295.0 292.0 295.0 40 330
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    • Article
      Lock icon GOVERNMENT SECURITIES
      91 28 Feb 8 8 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 13.05.2010 0.40 0.37 0.34 1-Year BY*****N 01.11.2010 0.44 0.43 0.43 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.36 5-Year N*****0N 1.375 01.10.2014
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    • Article
      Lock icon CHICAGO BOT
      105 28 Feb 5 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 10 913.50 914.00 921.50 909.00 May 10 924.25 924.75 932.00 919.75 Jul 10 932.75 933.50 940.50 928.00 Aug 10 928.75 930.00 935.25 925.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 10 37.00 37.21 37.29
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 28 CRUDE OIL PRODUCTS Feb 5 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 70.72 -2.02 WTI (Near Mth) 71.69 -1.24 Dubai (1-Mth F) 71.24 -3.64 Tapis blend 74.35 -3.65 Minas 73.85 -3.65 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 75.17 -2.83 Jet Kerosene 78.95 -3.65 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2423 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3 1 15 9 5.50 51 2036 Advance SCT Ltd W*****9 0.5 1 87 1844 9.00 6 8756 Asiatic Grp (H) Ltd W*****2 9.5 1 3
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 28 Feb 8 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2210 1.2580 Can dollar 1.3190 1.3350 Euro 1.9290 1.9510 NZ dollar 0.9690 0.9910 Sterling pound 2.2060 2.2310 US dollar 1.4120 1.4280 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      29 28 Feb 8 Open High Sett STI Feb 2685 2685 2694 SIMSCI Feb 320.7 323.8 323.5 Taiwan Feb 262.3 263.0 260.4 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      68 28 Feb 8 Feb 8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 10 2556 2560 2570 2555 212 760 Mar 10 2554 2554 2566 2546 1080 8591 Apr 10 2545 2550 2563 2542 7550 ***** May 10
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      359 28 Feb 8 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar10 99.7050 0 8874 Jun10 99.5900 0 7236 Sep10 99.3800 0 2295 Dec10 99.0600 0 2071 EUROYEN TIBOR FUTURES Mar10 99.5800 371 4282 Jun10 99.6300 99.6300 99.6300 99.6300 189 1576 Sep10 99.6500 0 1921 Dec10 99.6500 99.6500
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    • Article
      Lock icon INTERBANK CROSS RATES
      465 28 Feb 8 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.926 5.917 0.634 6.735 40.557 81.686 0.775 10.157 2.986 1.260 73.626 40.380 1.232 6.710 0.932 27.899 28.770 0.557 0.867 Canada 1.080 6.387
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    • Article
      Lock icon SIBOR
      85 28 Feb 8 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 28 Feb 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2317 1.2329 0.8666 0.8668 Canadian dollar 1.3294 1.3312 0.9354 0.9359 Euro 1.9415 1.9434 1.3660 1.3663 NZ dollar 0.9777 0.9789 0.6879 0.6882 Sterling pound 2.2115 2.2138 1.5560 1.5564
      154 words
    • Article
      Lock icon PRECIOUS METALS
      145 28 Feb 8 GOLD (US$/oz) Feb 05 Feb 08 Hong Kong 1055.00 1071.70 Feb 05 Feb 04 London 1056.40 1069.95 1057.20 1070.75 Source: Thomson Reuters Source: Thomson Reuters CAST BAR Feb 08 (S$) Selling Buying Kilobar "52,730.67" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 117.7 49 5gm 334.91
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    • Article
      Lock icon LONDON METALS
      69 28 Feb 5 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1948.75 2012.25 3 months 1980.00 2044.00 Copper, Grade A (US$/tonne) Cash 6259.00 6367.50 3 months 6280.00 6390.00 Lead (US$/tonne) Cash 1916.25 1945.50 3 months 1936.00 1964.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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      Lock icon LIFFE
      77 28 Feb 5 COCOA (£/tonne) Close Prev High/Low Mar 10 2205 2250 2255/2199 May 10 2199 2240 2247/2189 Jul 10 2183 2227 2233/2171 Sep 10 2164 2205 2209/2155 COFFEE (US$/tonne) Close Pev High/Low Mar 10 1295 1310 1310/1290 May 10 1330 1344 1343/1325 Jul 10 1359 1374 1371/1357 SUGAR (US
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  • PROPERTY
    • Article, Illustration
      Lock icon Union of church and real estate
      1063 29 Salt Lake City’s huge church-financed redevelopment project has prompted debate both inside the Mormon community and out NYT [SALT LAKE CITY] FOR many devout Mormons, Utah’s capital city is important mainly as a setting for the jewel that really matters: Temple Square at the
      NYT; BLOOMBERG  -  1,063 words
    • Article
      Lock icon More mortgage options coming for green homes in US
      605 29 NYT [NEW YORK] Borrowers looking to make energy upgrades in their homes that will lower utility bills, along with their environmental impact, may soon find additional options available to them. Fannie Mae, the govern-ment-backed company that sets lending standards for mortgages,
      NYT  -  605 words
    • Article, Illustration
      Lock icon HK property market due for correction
      460 30 Cheung Kong warns buyers to look out for a bubble amid an ‘unusual rise’ [HONG KONG] The Hong Kong property market has risen too fast and buyers must look out for a bubble, Cheung Kong (Holdings) Ltd’s executive director Justin Chiu said. “The rise
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      Lock icon ICBC to halt lending to developers hoarding land
      204 30 Reuters [BEIJING] Industrial and Commercial Bank of China (ICBC) said it will halt lending to property developers that are hoarding land and may even call back some loans, in a bid to guard against credit risks. The world’s biggest bank by market
      Reuters  -  204 words
    • Article
      Lock icon M’sia blacklists developers, directors for sloppy work
      322 30 Move affects those involved in late and abandoned projects Bernama [DENGKIL, Selangor] Malaysian Housing and Local Councils Minister Kong Cho Ha said yesterday that 1,345 developers and more than 5,000 directors of such companies involved in problematic projects have been blacklisted. Mr Kong
      Bernama  -  322 words
    • Article, Illustration
      Lock icon Architect reinvents flat to solve space crunch
      448 30 Reuters [HONG KONG] As a youngster living in a tiny flat with six others in one of the world’s most densely populated cities, Hong Kong architect Gary Chang has been obsessed by living space, or rather a chronic lack of it. After three
      Reuters; REUTERS  -  448 words
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