The Business Times, 13 January 2010

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Microfilm: NL30371
Total Pages: 52
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|il A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Wednesday, January 13,2010
    23 words
  • Article, Illustration
    Lock icon Bankruptcy looms, JAL shares dive
    698 1  -  Bankruptcy seems chosen route to its revival; airline may have to shed 15,600 jobs By ANTHONY ROWLEY SHARES of the commercial-ly-ailing and heavily debt-burdened Japan Airlines (JAL) plunged 45 per cent yesterday amid growing talk that it will be bankrupted as a route to rehabilitation.
    Source: Bloomberg; BLOOMBERG  -  698 words
  • Article
    Lock icon S’pore’s fuel cell venture hits a snag
    566 1  -  By RONNIE LIM [SINGAPORE] Rolls-Royce Fuel Cell Systems (RRFCS) a US$100-200 million alter-native-energy joint venture (JV) in which the Singapore government has a stake has torn up its production plans and gone back to the drawing board. The project, which was started back
    566 words
  • Article
    Lock icon MARKETS DIGEST
    141 1 ST INDEX 2,916.11 (-17.42) ST INDEX FUTURES 2,916.0 (-17.00) SIMSCI 349.34 (-2.56) SIMSCI FUTURES 349.70 (-2.60) FOREX US$ S$ US$ (S$ per US$) 1.390 (US$/S$ per 1.610 2.238 EURO (US$/S$/E) 1.451 2.017 Foreign currency per US$ S$ YEN 91.90 66.10 RM 3.339 2.401 HK$ 7.755 5.579 BAHT 33.05
    141 words
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      206 1 OFFICE SPACE Nomura tipped to lease 100,000 sq ft in MBFC PAGE 2 STOCKBROKING Citigroup bags M’sian broking licence PAGE 13 TRANSPORT HUB Moving Singapore Maritime Foundation in a new direction COMPANIES Tiger Airways roars with IPO launch PAGE 21 PAGE Mille Miglia Gran Turismo XL. Mechanical passion, technology, power,
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  • TOP STORIES
    • Article
      Lock icon Economists bet on smart growth in 2010
      544 2  -  Forecasts exceed official estimates; services could be a major driver By CONRAD TAN [SINGAPORE] Singapore’s economy could grow by 6 per cent this year, supported by a strong expansion of the services sector and the rapid recovery of other Asian economies, DBS analysts
      544 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      549 2 Bankruptcy looms, JAL shares dive SHARES of Japan Airlines plunged 45 per cent yesterday amid growing talk that it will be bankrupted as a route to rehabilitation. Its fate is expected to be made known officially next week, with bankruptcy proceedings almost certain to be supervised by the
      549 words
    • Article, Illustration
      Lock icon Nomura tipped to lease 100,000 sq ft in MBFC
      618 2  -  The bank will give up the space it occupies at Suntec, Six Battery Road By KALPANA RASHIWALA [SINGAPORE] The flight to newer office buildings continues. Marina Bay Financial Centre (MBFC) is close to clinching another tenant, Nomura Singapore. The Japanese bank,
      ARTHUR LEE  -  618 words
    • Article
      Lock icon November trade gap widens as imports hit 11-month high
      358 2 LATEST US DATA Reuters Bloomberg AFP [WASHINGTON] The US trade deficit widened more than expected in November, as stronger consumer and manufacturer demand pushed imports to the highest level in nearly a year, a Commerce Department report showed yesterday. The monthly
      Reuters; Bloomberg; AFP  -  358 words
    • Article
      Lock icon True independence needed on Asian boards: CFA
      589 4  -  Institute recommends improvements in the way companies nominate and elect independent directors By MICHELLE QUAH [SINGAPORE] The CFA Institute, a global association for the investment profession, believes that governance levels at Asian companies including those in Singapore need to be heightened if the
      589 words
    • Article, Illustration
      Lock icon DBS to open first Vietnam branch
      805 4  -  Four other S’pore companies also sign deals to develop new projects By LEE U-WEN DBS Bank will soon open its first Vietnamese branch in Ho Chi Minh City after it received the regulatory approval to do so yesterday. Four other Singapore companies all of
      PHOTO: REUTERS  -  805 words
    • Article
      Lock icon China hikes bank reserve ratio in policy tightening
      402 4 Move comes amid concerns over surge in bank lending Reuters [BEIJING] China yesterday raised the proportion of deposits that banks must hold in reserve, in the clearest sign yet that it has started to tighten monetary policy with its economy roaring back
      Reuters  -  402 words
    • Article
      Lock icon Sports Hub the reason for SEA Games pullout
      369 4  -  The Republic wants to host the 2015 Games instead By CHUANG PECK MING [SINGAPORE] Singapore wants to pull out of hosting the 2013 SEA Games because there have been delays in building its new Sports Hub. The Sports Hub, which is the
      369 words
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      262 2 CHUA CHORTECK Memorial Lecture 24th Annual Lecture SINGAPORE VISION 2025A GLOBAL MARITIME KNOWLEDGE HUB by Mr Sven Ullring, Chairman of the Maritime R&D Advisory Panel for the Maritime and Port Authority of Singapore How can Singapore gain greater competitive advantage and stay at the forefront of the global maritime industry?
      262 words
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      181 2 19,000sqft Spacious Road 11,000sqft Living Space Sumptuous Interiors with Luxury Bathrooms Private Pool and Pavilion Designed by award-winning firm K2LD Modern accents reflected throughout Large Professional Equipped Kitchen Sweeping Greenery View from Rooms Asking $26.8M Enquiries and viewings, please contact: Evelyn Ng 9847 6899 DISTRIBUTORS WANTED LAUNCHING MARCH 2010 As
      181 words
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      314 3 whychoose.sg Style OR Substanc Love LustL? Beauty or MPV < V W L S8K.C1 A Ml, b\MU»i 5QRENTO mm- Life makes you choose. The all-new Kia Sorento doesn't. In a world that's full of difficult choices, the Kia Sorento offers a taste of freedom. Because no matter what your choices
      314 words
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      90 4 V '< > i «-vftj ifurt ®L ~Jj fa b M II •5 J* ~i 0 CO Deep ocean beckons Gifts begin their long journey A new box today What the box brings, is what the ocean brings. That's what goes on our menu, and onto your plate. Japan's freshest,
      90 words
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      11 4 PM Lee calls for vibrant economic ties with Vietnam, Page 16
      11 words
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      317 5 CIMBBANK CIMB WORLD MasterCard Be surprised by money. 10X your monthly salary. The CIMB WORLD MasterCard. Yes, you can score a generous credit limit of minimum 10X A your monthly salary, but that's not all. Tee off at 9 exclusive golf courses in Malaysia* and pay no green fees, without
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Tiger Airways roars with IPO launch
      573 6  -  The budget carrier will have a market cap of between $741 m and $906m By VEN SREENIVASAN TIGER Airways is due to launch its much anticipated initial public offering (IPO) today, a week after it kicked off its bookbuilding for the exercise. According to
      573 words
    • Article, Illustration
      Lock icon Olam buys Nigerian wheat miller for US$108m
      413 6  -  Olam will also invest in other wheat millers in Africa By EMILYN YAP OLAM International is buying a Nigerian wheat miller and other assets for US$107.6m, and it will invest another US$5.5 million to expand the miller’s capacity. The commodities supply chain manager
      AFP  -  413 words
    • COMPANY BRIEFS
      • Article
        Lock icon SEHK acknowledges Epure’s application
        73 6 WATER solutions provider Epure Holdings said yesterday that the Stock Exchange of Hong Kong (SEHK) has acknowledged receipt of Epure’s application for a proposed dual primary listing on SEHK’s mainboard. The company said last week that it intends to do so by launching an initial public
        73 words
      • Article
        Lock icon Q & M in Dental Implant purchase deal
        74 6 Q M in Dental Implant purchase deal Q M Dental Group (Singapore) entered into a deal on Jan 10 to purchase the entire issued and paid-up share capital of Dental Implant Surgical Centre for HK$53.328 million (S$9.54 million). Q M will pay HK$30 million in cash, and HK$23.328 million by
        74 words
      • Article
        Lock icon SGX queries Bio-Treat over share price rise
        47 6 BIO-TREAT Technology received a query from Singapore Exchange regarding a substantial increase in the price and volume of its shares yesterday. Bio-Treat said that it was unaware of any previously unannounced information, or any other reason, behind the trading activity.
        47 words
      • Article
        Lock icon Sino-Env appoints new chairman
        48 6 SINO-Environment Technology Group yesterday appointed Charlie In Nany Sing as chairman of the company and as a member of the audit and remuneration committees. The company also appointed Wong Sek Choon as chairman of the audit committee and a member of the nominating committee.
        48 words
      • Article
        Lock icon Junma Tyre to pump 125m yuan into STC
        56 6 JUNMA Tyre Cord Company will be injecting 125 million yuan (S$25.4 million) into a 95 per cent owned subsidiary STC to increase its registered capital. Four other parties will also be investing in STC, and this will dilute Junma’s equity interest in
        56 words
      • Article
        Lock icon Tung Lok unit in JV to operate restaurant
        54 6 A WHOLLY owned subsidiary of Tung Lok Restaurants (2000) has entered into a joint venture with four other parties to operate a restaurant. The subsidiary will hold a 25 per cent equity interest in Singapore Seafood Republic, which will have a paid-up
        54 words
    • Article
      Lock icon Qualitas Medical looking to expand its footprint here
      343 6  -  By NISHA RAMCHANDANI CATALIST-listed healthcare services group Qualitas Medical, which last month announced plans to acquire a stake in dental brand SmileFocus, is looking to expand its presence in Singapore. Qualitas announced in late December that it will acquire a 75 per
      343 words
    • Article, Illustration
      Lock icon New growth path for China players?
      515 7  -  Some firms stand to gain from surging mainland demand, increased trade By JOYCE HOOI AFTER a year in which the “S-Chip” label had become somewhat tarnished, the Sino association now might instead prompt a gold rush by investors, speculations about dual listings aside. With
      515 words
    • Article
      Lock icon Lian Beng’s H1 profit climbs 29% to $11.3m
      327 7  -  It wins $213.7m in deals to bring order book up to $598m By UMA SHANKARI LIAN Beng Group yesterday reported a 29 per cent growth in after-tax profit to $11.3 million for the first half of its 2010 financial year, compared with
      327 words
    • Article
      Lock icon PSC to invest US$4.5m in Cambodia’s SSA
      277 7  -  By JAMIE LEE PSC Corporation is making a US$4.5 million bet on the sports gambling business in Cambodia. PSC a mini-mart operator and strategic investment firm said yesterday that it plans to buy a 25 per cent stake or 250 shares in Cambodia’s
      277 words
    • Article
      Lock icon Leadership change at STX Pan Ocean
      294 7 Company also announces plans to buy six ships KOREAN dry bulk shipping player STX Pan Ocean yesterday announced a change of leadership and revealed its investment plans to buy six ships worth about US$203 million in 2010. STX said in the SGX filing that
      294 words
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      1340 6 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IT-SELL IT-FIND IT PO CASA HOLDINGS LIMITED Company Registration Number: *****6212Z (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 15 Kian Teck Crescent, Singapore
      1,340 words
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      251 7 S3 DBS I am constantly seeking regional opportunities We are your connection to the rest of Asia x h n 4 1 in-. II m i mmm II I il/f. M -*9 H l fH 1" M m Tjss i I C: ri a*."*) I ,v.-' n-^rv-Tv to >■ L\
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Chinese Treasury bill yield sparks greenback ascent
      939 8  -  Markets worry over tighter monetary policy as 1-year bills’ yield rises 8 basis points CURRENCIES OH BOON PING Reporter THE US dollar yesterday raced higher in early trade as stocks declined across Asian exchanges after China allowed the yield on its one-year central
      939 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 11 3 0 0 0 2 11 3 Manufacturing 47 77 81 7 6 14 54 83 95 Commerce 19 24 31 2 4 7 21 28 38 Tpt/Stor/Comms 15 17 8
      186 words
    • BROKERS’ TAKE
      • Article
        Lock icon Thomson Medical Centre
        210 8  -  Jan 12 close: $0.70 DMG PARTNERS SECURITIES, Jan 12 Compiled by CONRAD TAN THOMSON Medical’s Q1 FY2010 results (for the three months to end-November 2009) were within our expectations. Earnings jumped 23.9 per cent y-o-y to $3.5 million on the back of a 14.6 per cent y-o-y
        210 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 47,528 47,528 126,379 126,379 Manufacturing 765,532 78,199 843,731 417,265 3,678 420,943 Commerce 167,727 23,795 191,522 143,388 3,437 146,825 Tpt/Stor/Comms 214,214 8,551 222,765 336,678 1,683 338,361 Finance 57,867 57,867 200,947 200,947 Construction 99,772 5,996 105,768 29,095
      121 words
    • Article, Illustration
      Lock icon Future positives already priced in: brokers
      594 8  -  STOCKS R SIVANITHY Senior Correspondent “FUTURE positives are already priced in” seems to be an increasingly common thread in recent broking reports, both for individual stocks as well as for the market as a whole. For example, in its Jan 7 Singapore Strategy, Bank
      594 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 8 Stock name Close Change Stock name Close Change CapitaLand 4.290 -0.010 CapitaMall 1.850 -0.010 CityDev 11.620 -0.160 ComfortDelGro 1.620 Cosco Corp 1.340 -0.030 DBS Grp 15.180 -0.160 F&N 4.500 +0.010 Genting SP 1.240 +0.010 Golden Agri 0.615 -0.030 HK Land 4.820 -0.040 JMH 30.180 +0.080 JSH
      113 words
    • Article
      Lock icon CURRENCIES
      87 8 Where S$ stands Jan 12 CHNG YR 2010 CLOSE FR Jan 11 S$ LOW S$ HIGH US$ 1.3893 -0.11 1.4044 1.3878@ Euro 2.0153 -0.06 2.0153# 2.0025 Pounds 2.2390 -0.05 2.2687 2.2242 A$ 1.2923 0.00 1.2923 1.2617 Yen* 1.5078 -0.34 1.5188 1.5027 Rupiah* 0.***** -0.10 0.***** 0.***** Baht* 4.2036 -0.12
      87 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Jan 12 VALUE CLOSE BT OB/OS 1141.0 -341.0 BT CADI -*****.0 -121.0 BT 10-day MA -*****.0 +114.0 FTSE ST Mid Cap 719.87 -6.19 FTSE ST Small Cap 585.75 -4.55 FTSE ST All Share 724.31 -4.70 FTSE ST China Top 302.76 -3.78 FTSE ST China 311.06 -2.54 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 8 VOLUME Bio-Treat 176,063,000 Golden Agri 156,087,000 Genting SP 100,350,000 FrasersComm 80,767,000 MAP Tech 66,701,000 ChinaSports 55,257,000 QianHu 53,395,000 GMG Global 47,606,000 SingTel 42,581,000 AusGroup 40,619,000 VALUE($) SingTel 127,559,450 Genting SP 124,151,520 Wilmar 102,946,620 Golden Agri 97,485,300 Keppel Corp 86,182,486 CapitaLand 75,199,830 DBS Grp 69,099,002 NOL 62,200,440 Olam
      55 words
    • Article
      Lock icon RISES
      107 8 BY CENTS CLOSE UP OCC 3.93% NCPS10 8500 80.0 1.0 DBXT S&P Short 10US$ 5273 37.5 0.5 Jardine C&C 2674 24.0 0.9 DBXT FTChina25 10US$ 3180 16.7 0.4 Wilmar.ES.1001 725 13.0 1.8 SIA 200 1452 12.0 0.8 JMH 3018 11.1 0.3 NOL.ES.1001 190 11.0 6.1 Ezra MBLeCW*****3 48 10.5
      107 words
    • Article
      Lock icon FALLS
      127 8 BY CENTS CLOSE DOWN DBXT FTVietnam 10US$ 4480-329.3 -5.0 DBXT Nifty 10US$ *****-141.7 -0.9 UOB 5.05%NCPS 100 ***** -50.0 -0.5 GLD 10US$ ***** -43.1 -0.3 Lyxor China H 10US$ 1673 -40.3 -1.7 UOB 1968 -20.0 -1.0 CityDev 1162 -16.0 -1.4 DBS Grp 1518 -16.0 -1.0 OCBC Bk 5.1%NCPS 100
      127 words
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      155 8 Why trade CFDs with City Index? Trade from 10% deposit on most stocks Go long or short Commissions from 0.20% for equity CFDs Live market prices Access to thousands of instruments including Asian, US and Euro stocks, Indices, ETFs and currencies in a single platform Ability to trade in odd
      155 words
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  • COMPANY NEWS
    • Article
      Lock icon SGX’s IPO revamp: more can be done
      687 9  -  HOCK LOCK SIEW By R SIVANITHY BALANCING the achievement of commercial objectives (ie, making a profit) against the need to protect the public’s interest is always a tricky business, and it is one that the Singapore Exchange (SGX) has had to perform repeatedly
      687 words
    • Article
      Lock icon M-Flex to post record Q1 sales
      278 9  -  By ONG BOON KIAT MULTI-Fineline Electronix Inc (M-Flex), the major revenue contributor of WBL Corp, is set to report its highest-ever quarterly net sales. The Nasdaq-listed flexible printed circuit maker expects to rake in US$229 million in sales for the three months to Dec
      278 words
    • Article
      Lock icon Robert Herbold joins NOL board of directors
      243 9 NEPTUNE Orient Lines (NOL) is adding broader international experience to its board with the appointment of Robert Herbold as a non-executive and independent director with effect from Feb 1. Mr Herbold is a leading international business figure and from 1994 to 2001, was
      243 words
    • Article, Illustration
      Lock icon Govt-loan default rates may rise
      409 10  -  Over 13,000 firms, more than 90% of them SMEs, gained from loan schemes YESTERDAY IN PARLIAMENT Reports by CHUANG PECK MING DEFAULT rates on government loan schemes have stayed at pre-crisis level but Trade and Industry Minister Lim Hng Kiang expects the rates to go
      BLOOMBERG  -  409 words
    • PARLIAMENT BRIEFS
      • Article
        Lock icon Energy market to remain volatile
        93 10 GET use to swings in oil prices because volatility is going to be part and parcel of Singapore’s energy market, Senior Minister of State for Trade and Industry S Iswaran told Parliament. Crude oil prices have moved up and down over the past 18 months,
        93 words
      • Article
        Lock icon Cyclists often in the wrong
        97 10 CYCLISTS are to be blamed for slightly over half of the fatal and serious road accidents involving cyclists in the first nine months of 2009, according to Senior Parliamentary Secretary for Home Affairs Masagos Zulkifli. Fatal and injury accidents involving cyclists fell 6.7 per cent
        97 words
      • Article
        Lock icon Birth registration forms revised
        110 10 FROM Jan 2 this year, Singapore’s birth registration forms were revised to allow parents to declare their child’s race during birth registration. The change was in recognition of the greater diversity of Singapore’s racial demographics and the rise of mixed marriages. Previously, the child would be
        110 words
    • Article
      Lock icon Laws targeting loan sharks get more teeth
      339 10 Amendments give govt the power to freeze their assets LAWS governing moneylenders have been tightened to hit loan sharks where it hurts most the finances that keep them in business. With Parliament passing the Moneylenders (Amendment) Bill yesterday after a long debate, the
      339 words
    • Article
      Lock icon Update on older workers’ payout
      398 10 THE finalised guidelines for re-employment of older workers will have a minimum and maximum sum that employers will have to pay workers if they have no jobs to offer the latter upon retirement. This will provide greater clarity and guidance for employers in dealing with
      398 words
    • Article
      Lock icon Programme for would-be citizens
      332 10  -  By FELDA CHAY FOREIGNERS who want to become Singapore citizens will have to go through an orientation programme that includes activities such as visiting places of historical significance and attending grassroots sharing sessions, said Minister for Community Development, Youth and Sports Vivian Balakrishnan, who chairs the
      332 words
    • Article
      Lock icon New centre for EP, other passes cuts waiting time
      264 10 LONG queues for employment passes may be a thing of the past with the official launch of the Employment Pass Services Centre (EPSC) yesterday. EPSC, which was launched by the Ministry of Manpower (MOM), will allow customers and their dependants to
      264 words
    • Article
      Lock icon Handbook with good tips for job seekers
      211 10 NEED a job but not sure how to stand out from other job seekers? Take a leaf out of the CATS Recruit Career Guide 2010 a reference handbook for job seekers and HR practitioners that provides a wide range of information and advice
      211 words
    • Article
      Lock icon Home price rise reflects demand, not a bubble: DBS
      269 10  -  By CONRAD TAN THE recent sharp rise in private home prices here is not yet indicative of a bubble and prices could increase further, DBS Group research head Timothy Wong said yesterday. “In the mass market, what you are seeing is
      269 words
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      349 9 WATS NOTICES In the matter of The Companies Act (Cap. 50) and In the matter of Federal AMC Pte Ltd (In Liquidation) Reg. No. *****5008K Notice of Final Meeting Notice is hereby given that pursuant to Section 308 of the Companies Act, Cap 50 that the Final Meeting of the
      349 words
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      182 9 ©LEXUS THE PURSUIT OF PERFECTION LIKE YOU, WE DON'T JUST CHALLENGE CONVENTION ft V L S460 WE LOOK TO INSPIRE. Inspiring an Industry.The new Lexus LS 460. A true leader doesn't just make good decisons; he inspires. Just like how you are an inspiration to others in your world, the
      182 words
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      880 10 BUY IT• SELL IT• FIND IT MATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF METRO CONSOLIDATED (S) PTE. LTD. (PROVISIONAL LIQUIDATORS APPOINTED) (COMPANY REGISTRATION NO. *****6139K) Notice is hereby given that Messrs Abuthahir Abdul Gafoor and Ebenezer
      880 words
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  • ECONOMY WATCH
    • Article
      Lock icon Obama mulls tax on big banks to trim deficit
      612 11 He is seeking to recoup US$120b of the money spent to bail out banks NYT [WASHINGTON] President Barack Obama will try to recoup for US taxpayers as much as US$120 billion of the money spent to bail out the financial system,
      NYT  -  612 words
    • Article
      Lock icon Fed shift on US consumer watchdog cuts two ways
      407 11 Reuters [WASHINGTON] The Federal Reserve is toning down its rhetoric on the importance of preserving its role in US consumer protection in a double-edged shift for the White House’s proposed financial consumer watchdog. President Barack Obama wants to create a US
      Reuters  -  407 words
    • Article, Illustration
      Lock icon Global economy is in recovery mode: Trichet
      599 11 Reuters [BASEL, Switzerland] The global economy continues to recover from the worst recession in 70 years with “dynamic” emerging markets leading the way, top policymakers said here on Monday. European Central Bank (ECB) president JeanClaude Trichet, who chaired talks on the global economy
      Reuters; REUTERS  -  599 words
    • Article, Illustration
      Lock icon Japan bank lending posts first fall in 4 yrs
      475 12 Many firms see little need to borrow despite ongoing economic recovery Reuters [TOKYO] The balance of Japanese bank lending fell from a year earlier in December for the first time in four years as companies remained sceptical about the economic outlook
      Reuters; REUTERS  -  475 words
    • Article, Illustration
      Lock icon Incoming EU trade chief against carbon tax
      535 12 AFP [BRUSSELS] Incoming European Union trade chief Karel De Gucht yesterday ruled out pursuing Frenchled calls to impose a carbon tax at the EU’s borders, warning that such ideas risk triggering trade wars. “In terms of border adjustments, I’m against it,” Mr De
      AFP  -  535 words
    • Article
      Lock icon Indonesia cuts bond sale to US$2b
      438 12 Bloomberg [SINGAPORE] Indonesia scaled back a sale of US dollar-denominated bonds to US$2 billion, cancelling plans to sell 30-year debt, people familiar with the transaction said. The government plans to sell 10-year notes at a yield of about 6 per cent, a premium of
      Bloomberg  -  438 words
  • Page 11 Advertisements
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      186 11 www.vw.com.sg i 8 b GTl The new Golf GTl. From street car, to track car, at the touch of a button. Sporty driving dynamics or great driving comfort up to now, drivers have always had to make the choice. However, thanks to the DCC intelligent adaptive chassis control, Volkswagen has
      186 words
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      2431 12 CO /a MARCO POLO MARINE LTD. (Incorporated in the Republic of Singapore) (Company Registration Number: *****0073Z) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fourth Annual General Meeting of the Company will be held at Plaza Ballroom 1 Level 4, ParkRoyal on Beach Road, 7500A Beach Road,
      2,431 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Borneo project looking to sell carbon credits
      338 13 Jakarta firm aims to save forest, benefit from demand for carbon offsets Reuters [SINGAPORE] An Indonesian firm hopes to save an area three times the size of Singapore from logging, by enticing locals to protect the forest while potentially earning itself millions of
      Reuters  -  338 words
    • Article
      Lock icon Alliance Bank explains reticence over probe
      422 13  -  By S JAYASANKARAN THE board of Alliance Bank yesterday pleaded “legal and regulatory” constraints to explain its reticence over an on-going internal probe amid the absence of two of its top officials. Speaking to a packed press conference, chairman Thomas Lee, a Cam-bridge-trained lawyer,
      422 words
    • Article, Illustration
      Lock icon Citigroup bags M’sian broking licence
      459 13  -  By PAULINE NG MALAYSIA has awarded Citigroup the second of three stockbroking licences available to leading foreign firms as part of its market liberalisation measures. In a statement yesterday, the Securities Commission (SC) said that it had approved Citigroup’s application to establish a stockbroking company
      BLOOMBERG  -  459 words
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      114 13 y'm Jtltim V" y&rr.'-1J* 4E A U HH RWSS| IB -iM, r > /yyy ,*,///S/JAVS/#yj& of supercharged power -to -take you from O to lOOkm/h in a mere £3 seconds. Truly, it's a unique breed with a rare blend of art and performance, science and beauty, and one of the
      114 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Lock icon Page 13 Miscellaneous Column 1
      29 13 h'h'J JACKPOT 1,500,000. TOMORROW! f' |p L A Y<i) Always play with care. Touuards Community [responsibly] Do not bet illegally. Purpose and Benefit RCB Reg No: *****0202G SINGAPORE m
      29 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Century Weekly hits China’s media scene
      601 14 The new magazine has emerged amidst Beijing’s plans to revamp print outlets Reuters [BEIJING] One of China’s most closely watched magazine ventures hit news stalls yesterday, entering a murky media landscape where reform plans remain yoked to state controls on editors and private investors.
      Reuters; AFP  -  601 words
    • Article, Illustration
      Lock icon Many China power plants face closure amid coal shortage
      445 14 AP [BEIJING] Dozens of Chinese power plants are running out of coal and might be forced to shut down this week as bitter winter cold boosts demand and snow hampers delivery of new supplies, state media said yesterday. Factories have been
      AP  -  445 words
    • Article
      Lock icon Wife of murdered Merrill banker appeals her conviction
      359 14 Bloomberg [HONG KONG] Nancy Kissel, imprisoned for life for murdering her Merrill Lynch Co banker husband, began her final appeal against the conviction in a Hong Kong court yesterday. Chief Justice Andrew Li and four other Court of Final Appeal judges heard
      Bloomberg  -  359 words
    • Article
      Lock icon Beijing may raise rates before the Fed
      412 14 China faces greater risk of asset bubble, says CIC official Bloomberg [BEIJING] A China Investment Corp official said the Asian nation may raise benchmark interest rates before the US because it faces a greater risk of an asset bubble, Market News International reported
      Bloomberg  -  412 words
    • Article
      Lock icon China central bank steps up liquidity drain
      314 14 Reuters [SHANGHAI] China’s central bank would have drained a record 200 billion yuan (S$40.71 billion) from the money market yesterday through 28-day bond repurchase agreements, traders said, ensuring it will draw net funds from the market this week. It was the central bank’s
      Reuters  -  314 words
  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      119 14 1 i 1 3D2N Package Raffles Marina Standard Room: $330 Deluxe Room: $370 s For more details and reservations please call *****000 Package includes: Complimentary breakfast and dinner vouchers for 2 Free usage of Club's facilities Complimentary stay for 1 child YT. I fcvN -*S Terms and conditions apply Raffles
      119 words
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  • INDIA
    • Article
      Lock icon Nov factory output rises at fastest pace in 2 years
      567 15 Industrial output grows 11.7%, giving RBI strong case for monetary tightening to combat inflation Reuters [NEW DELHI] India’s November industrial output grew at its fastest pace in two years, which analysts say will strengthen the case for the central bank
      Reuters  -  567 words
    • Article
      Lock icon Infosys boosts stocks with recovery signal
      476 15 Reuters [MYSORE, India] Infosys Technologies, India’s No 2 outsourcer, has raised its annual sales forecast as big financial services clients boost orders in an improving global economy, pointing to an industry recovery. The company, a trendsetter for the US$60 billion Indian outsourcing sector, expects
      Reuters  -  476 words
    • Article
      Lock icon Morgan Stanley cuts ratings for India’s telecom stocks
      348 15 Bloomberg [SINGAPORE] India’s telecommunications stocks were cut to “cautious” from “in-line” at Morgan Stanley as penetration levels rise and earnings growth slows. Bharti Airtel Ltd was cut to “equal-weight” from “overweight” while Reliance Communications Ltd and Mahanagar Telephone Nigam Ltd were lowered
      Bloomberg  -  348 words
    • Article, Illustration
      Lock icon Millions gather on Ganges for mass Hindu festival
      331 15 AFP [DEHRADUN, India] Hundreds of ash-covered, naked holy men and millions of Hindu pilgrims are making their way to northern India to take part in one of the largest religious gatherings on Earth. For Hindu devotees, the three-month Kumbh Mela, which begins
      AFP  -  331 words
  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      237 15 University at Buffalo The State University of New York Apply today! Classes start in Mar 2010. Dr Allen Yeo Principal Consultant Thomson Reuters Healthcare Science Executive MBA University at Buffalo, The State University of New York Deepening understanding of global business functions Gaining access to the latest innovations and strategies
      237 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon PM Lee calls for vibrant economic ties with Vietnam
      458 16  -  More Viet firms welcome to do business in S’pore By LEE U-WEN WHILE ties are already strong between Singapore and Vietnam at the government level, a vibrant economic and commercial relationship is needed to complement the partnership further, said Prime Minister
      REUTERS  -  458 words
    • Article, Illustration
      Lock icon NY top prosecutor slams Wall St bonuses
      736 16 White House says Obama mulling fees on financial firms Reuters Bloomberg [WASHINGTON] The White House and New York’s top prosecutor attacked excessive Wall Street bonuses, as the nation’s biggest banks prepare to hand out awards that critics say were made possible by taxpayer
      Reuters; Bloomberg; BLOOMBERG  -  736 words
    • Article, Illustration
      Lock icon Citigroup replaces head of consumer banking
      660 16 NYT [NEW YORK] Citigroup announced on Monday that it would replace the head of its consumer banking business the most troubled part of its financial empire as the company braces for fresh troubles with home mortgages and credit cards this year. The executive, Teresa
      NYT; BLOOMBERG  -  660 words
    • Article
      Lock icon Thai court to rule on Thaksin’s fortune next month
      297 16 AFP [BANGKOK] Thailand’s Supreme Court will decide next month whether the authorities can seize fugitive former prime minister Thaksin Shinawatra’s frozen assets worth US$2.2 billion, officials said yesterday. Prosecution and defence lawyers have 30 days to submit their closing statements after
      AFP  -  297 words
  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      116 16 Discover medical excellence and retail therapy under one roof Paragon Medical houses over 60 world-class specialists who are delighted to serve you with utmost attention, delivering standards that can only be exceeded by their medical precision. Experience medical exclusivity at its best, a perfect complement to unrivalled shopping enjoyment at
      116 words
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  • WORLD
    • Article, Illustration
      Lock icon BOA seeks to put an end to legal problems
      610 17 It is in talks with NY A-G’s office to settle claims relating to Merrill merger NYT [NEW YORK] A year after its controversial takeover of Merrill Lynch, Bank of America is discussing settling a troublesome state inquiry into the star-crossed deal
      NYT; AFP  -  610 words
    • Article, Illustration
      Lock icon Worst over, future bright for Citi: Alwaleed
      583 17 Bloomberg AFP [DUBAI] Saudi billionaire Prince Alwaleed bin Talal, Citigroup’s biggest individual shareholder, said the worst is over for the US bank following the credit crisis. “Citi has gone through major difficulties,” he told reporters in the Saudi capital Riyadh on Monday. “The
      Bloomberg; AFP; AP  -  583 words
    • Article
      Lock icon Alwaleed selling Carla Bruni’s former home
      185 17 AFP [RIYADH] Less than a year after buying French First Lady Carla Bruni’s family chateau in Turin, Saudi Prince Alwaleed bin Talal is flipping it back onto the market, an aide confirmed on Monday. The flamboyant tycoon bought the 40-room Castello di Castagneto Po,
      AFP  -  185 words
    • Article, Illustration
      Lock icon Senate mulls bankruptcy process for US banks
      448 17 Members want more specific, tougher regime in system Reuters [WASHINGTON] Key US senators are considering creating a special bankruptcy court for troubled financial services firms, a person familiar with the plans said on Monday. Senate Banking Committee members are trying to toughen up
      Reuters  -  448 words
    • Article
      Lock icon 9,000 UK bankers may leave over bonus tax: mayor
      329 18 Bloomberg [LONDON] Boris Johnson, Mayor of London, said that as many as 9,000 bankers may leave the UK as a result of a 50 per cent tax on bonuses announced by the government last month. The levy, which will be paid
      Bloomberg  -  329 words
    • Article, Illustration
      Lock icon Alcoa narrows quarterly loss to US$277m
      620 18 Company had to buy 207,000 tonnes of aluminium on the open market Bloomberg Reuters AP [NEW YORK] Aluminium producer Alcoa Inc posted quarterly earnings that trailed estimates as the company conducted a higher number of metals trades that boosted revenue while carrying no profit.
      Bloomberg; Reuters; AP; BLOOMBERG  -  620 words
    • Article
      Lock icon Fund to buy distressed assets in Europe
      264 18 NYT [NEW YORK] Fund manager CRG Capital has announced a joint project with the European Bank for Reconstruction and Development (EBRD) to start a fund to buy distressed assets in Central and Eastern Europe. The fund intends to raise up to 200 million
      NYT  -  264 words
    • Article
      Lock icon BP overtakes Shell as largest Europe oil firm
      682 18 Market values BP at £119.2b against £118.3b for Shell Bloomberg [LONDON] BP plc unseated Royal Dutch Shell plc as Europe’s largest oil company by market value for the first time in more than three years after reviving output growth and cutting costs
      Bloomberg  -  682 words
  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      1627 17 [•■ATS Toll free: 1800-289-8822 Email: notices@sph.com.sg :»J NOTICES SILVERLAKE SILVERLAKE AXIS LTD (Company Registration No. *****) (Incorporated in Bermuda) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of Silverlake Axis Ltd ("Company") will be held at Pan Pacific Singapore, 7 Raffles Boulevard, Marina Square,
      1,627 words
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  • Page 18 Advertisements
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      1 18 www.omy.sg
      1 words
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      Lock icon Page 18 Advertisements Column 2
      838 18 BUY IT• SELL IT• FIND IT BEATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Summons No. 1037 of 2009/K In the Matter of Section 210 of the Companies Act (Cap. 50) AND In the Matter of WESTECH ELECTRONICS LIMITED (RC No.
      838 words
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      Lock icon Page 18 Advertisements Column 3
      383 18 In the Matter of The Companies Act, Cap. 50 And In the Matter of 1. SEMBCORP RECYCLING MRF PTE. LTD. (Company No. *****7076K) 2. SEMBENVIRO RESOURCE RECOVERY PTE. LTD. (Company No. *****2760R) (In Members' Voluntary Liquidation) Notice is hereby given that at the Extraordinary General Meeting of each of the
      383 words
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      Lock icon Page 18 Advertisements Column 4
      348 18 US H THAKRAL CORPORATION LTD (Company Registration No. *****6606E) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of THAKRAL CORPORATION LTD (the "Company") will be held on 4 February 2010, Thursday at 10.30 a.m. at Phoenix Ballroom II,
      348 words
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  • FOCUS: AMERICAN IDOL
    • Article, Illustration
      Lock icon ‘Idol’ has a lofty perch – but also reasons to retool
      760 19 ‘Idol’ has a lofty perch but also reasons to retool Fox aims to stimulate viewership by evoking emotions generated in earlier seasons NYT [NEW YORK] There is a joke about the enthusiastic disc jockey on a top-40 radio station who liked to introduce the hottest hit record as “No 1,
      NYT  -  760 words
    • Article, Illustration
      Lock icon Caustic Cowell to quit show after this season
      721 19 NYT [PASADENA, California] Simon Cowell, the acerbic British music producer whose caustic commentary as a judge on American Idol has guided the programme to the top of the television ratings, announced on Monday that he would leave the programme after this season.
      NYT; FILE PHOTO  -  721 words
  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      2452 19 HG METAL MANUFACTURING LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****2660D) Registered Office 30 Jalan Buroh Singapore *****6 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of the Company will be held at 28 Jalan Buroh Singapore *****4 on 29 January
      2,452 words
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  • Page 20 Advertisements
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      2929 20 m TECHNICS OIL GAS LIMITED Registration No. *****5249E (Incorporated in Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 72 Loyang Way, Singapore *****2 on Thursday 28 January 2010 at 10.00
      2,929 words
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      Lock icon Page 20 Advertisements Column 2
      11 20 CATS Recruit The first door to your world of opportunities CLA/AUG06/g
      11 words
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  • Transport HUB
    • Article, Illustration
      Lock icon SMF chief to focus on maritime services
      677 21  -  Talent attraction and retention also another challenge to address By VINCENT WEE NEW Singapore Maritime Foundation (SMF) chairman Michael Chia will be moving in a new direction to develop Singapore into an international maritime centre by focusing on the services side of the
      677 words
    • Article
      Lock icon Nuclear-powered shipping in future?
      813 21  -  STRAIT TALK By DAVID HUGHES LAST year’s performance figures for the Port of Singapore are good overall, considering we are weathering the worst economic downturn for a very long time. The bunker sector’s performance, however, while impressive by normal standards, is outstanding given the current climate.
      813 words
    • Article
      Lock icon Mid-East tanker glut vanishes on stronger demand
      329 21 Bloomberg [LONDON] The surplus of supertankers competing to ship two million-barrel cargoes of Middle East crude oil disappeared as ship demand strengthened. The number of very large crude carriers, or VLCCs, for hire over the next 30 days equals the number of cargoes,
      Bloomberg  -  329 words
    • Article
      Lock icon German court denies Fredriksen seat on TUI board
      238 21 Reuters [FRANKFURT] A German court denied Norwegian shipping tycoon John Fredriksen on Monday his long desired seat on the supervisory board of TUI due to a potential conflict of interest with his own businesses. Mr Fredriksen, who controls several shipping groups, including
      Reuters  -  238 words
    • Article, Illustration
      Lock icon US Navy to buy 17 Littoral Combat Ships
      549 21 This adds US$1.2b to its proposed five-year budget Bloomberg [WASHINGTON] US Defence Secretary Robert Gates has directed the Navy to buy 17 more Littoral Combat Ships through 2015, according to a budget document. The ships, which are designed to operate in shallow
      Bloomberg; REUTERS  -  549 words
    • Article
      Lock icon Coal ships take longer routes to avoid pirates
      247 21 Reuters [LONDON] Dry bulk ship owners are insisting vessels go via the Cape of Good Hope on voyages from South Africa to Mediterranean ports to avoid pirates in the Gulf of Aden adding 10 days to shipping times, traders said. Utilities in
      Reuters  -  247 words
    • Article
      Lock icon TRANSPORT ST0CKS
      286 21 SGX '000 Jan 12 S$ +/-Vol CH Offshore 0.70 -0.01 2063 Chuan Hup Hldgs 0.35 unch 957 Cosco Corp 1.34 -0.03 ***** CWT Ltd 0.83 -0.02 2720 Ezra Hldgs 2.48 0.06 ***** First Ship Lease 0.61 -0.01 1272 Freight Links 0.05 unch 680 Grand Banks 0.45 0.02 7
      286 words
    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon Airline stocks up 25% last year, lifted by Dec run
        528 22  -  But Iata still expects US$11b loss for full year, though Q3 shows small profit By VEN SREENIVASAN AIRLINE equity price rallied 11 per cent in December to end the year 25 per cent up from the start of the year.
        528 words
      • Article, Illustration
        Lock icon Airbus stands firm in row over A400M
        613 22 Reuters [PARIS] Airbus refused on Monday to back away from a row with European buyers over its troubled A400M military plane, insisting it would need a significant boost in resources to avoid axeing a project supporting 40,000 jobs. The European planemaker has been
        Reuters  -  613 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2998 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi EY470 2200 SQ456 1245 Adelaide LH9771 1740 9W4082 2215 SQ268 1740 AF8088 2215 VS7268 1740 BA7382 2215 JL5083 2215 QF82 2215 LH9770 2350 SQ269 2350 VS7269 2350 Ahmedabad AI7200 0710 NH6293 0710 SQ531 0710 Amsterdam LO4031 0610 SQ7342 0705
        2,998 words
      • Article, Illustration
        Lock icon Setback a boost for Boeing C-17
        480 22 Reuters [WASHINGTON] Problems with Europe’s A400M military transport could result in some additional sales opportunities for Boeing’s C-17 cargo plane, a senior Boeing BA.N executive said on Monday. “As the A400M tends to slip out that does represent some opportunities I believe internationally for
        Reuters; BLOOMBERG  -  480 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Electric cars to receive special rebates
        536 23  -  Under Tides, each Mitsubishi iMiEV will be priced at only $90,000 By SAMUEL EE THE first Mitsubishi iMiEV electric car in Singapore will be registered under a financially attractive scheme called Tides as the Republic powers into the electric vehicle domain. Because of its
        REUTERS  -  536 words
      • Article
        Lock icon Ford, Geely close to deal on shielding Volvo trade secrets
        372 23 Bloomberg [DETROIT] Ford Motor Co is close to an agreement to preserve trade secrets at its Volvo brand as the Swedish unit is sold to China’s Zhejiang Geely Holding Group Co. “Almost all the outstanding issues have been resolved,” said
        Bloomberg  -  372 words
      • Article, Illustration
        Lock icon Carmakers focus on energy savers at Detroit show
        654 23 NYT [DETROIT] About 98 per cent of the vehicles sold in the US last year were powered by conventional petrol engines, and hybrids occupied just a tiny niche. But at the opening Monday of the big Detroit car show, the internal-combus-tion engine
        NYT; BLOOMBERG  -  654 words
      • Article, Illustration
        Lock icon Eurokars opens dedicated used car showroom
        458 23  -  By SAMUEL EE MOTOR magnate Karsono Kwee is the latest authorised distributor to move into the used car business by setting up a new company, Eurokars Pre-Owned Pte Ltd, to handle the five brands that his Eurokars Group of Companies represents. Mr Kwee is
        ARTHUR LEE  -  458 words
      • Article
        Lock icon Chinese automaker may sell electric cars in US
        315 23 Bloomberg [DETROIT] BYD Co, the Chinese auto and battery maker backed by Warren Buffett, may sell a rechargeable electric car in the US as soon as this year, to meet demand for fuel-efficient models, the company’s founder said. “The US is a
        Bloomberg  -  315 words
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  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      310 22 CRYPTIC CROSSWORD Across 1 Would hitman shrug off such freedoms? (5,6) 10 One up in addition to contract (5) 11 Ages to get nine all I’m shattered (9) 12 Establishment made of bare wood, for example (5,4) 13 Article covering origins of import tariffs and tax (5) 14 Extreme cuts
      310 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon A higher price for medical malpractice
      476 24 EDITORIAL A NEWLY unveiled crackdown on tax evasion among professionals in Britain has zeroed in on, as its first targets, doctors and dentists. Singapore’s medical practitioners are under scrutiny too. A newly passed law provides for a wider range of and stiffer penalties for
      476 words
    • Article, Illustration
      Lock icon HK should forge an accord on its elections now
      771 24  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator ON New Year’s Day, thousands of demonstrators in Hong Kong marched to the office of the Chinese government here to demand genuine democracy, the first such mass
      771 words
    • Article, Illustration
      Lock icon China will have its day of reckoning
      928 24  -  The question is whether massive stimulus is creating unbalanced growth, fuelling bubbles and paving the way for a Japan-like bad-debt crisis WILLIAM PESEK JR William Pesek is a Bloomberg News columnist. The opinions expressed are his own IT’S good to be sceptical when
      AP  -  928 words
    • Article, Illustration
      Lock icon COP 15: Lessons for Mexico City
      1314 25  -  Following failure to strike a single treaty in Copenhagen, it should insist on breaking negotiations into digestible pieces By JOHN TOPPING The writer is president of the Washington, DC-based Climate Institute and is a co-author of the book ‘Sudden and Disruptive Climate Change’ (UK:
      REUTERS  -  1,314 words
    • Article, Illustration
      Lock icon Tel Aviv – an emerging global technological hub
      871 25  - Tel Aviv an emerging global technological hub Israel has more high-tech start-ups per capita than any other nation on earth, by far By DAVID BROOKS NYT JEWS are a famously accomplished group. They make up 0.2 per cent of the world population, but 54 per cent of the world chess
      NYT; ILLUSTRATION: LUDWIG ILIO  -  871 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9043 26 Transaction date: Jan 12 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 17.5 +0.5 2298 17.5 17.5 17 17.5 5 0.6 31.8 83.8 10 2.5 5834
      9,043 words
    • Article
      Lock icon SGX CATALIST
      1750 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 5 6 4.8 25 12 8538 t APStrategic 16.5 +1.5 5 16.5 15 15 16.5
      1,750 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9283 27 UNIT TRUSTS FUNDS UNIT TRUSTS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!& 2.228/ AIGIF S'pore Bond Fund✓^ 1.389/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.22/ APS Alpha Fund (USD)!** 0.88/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd
      9,283 words
    • Article
      Lock icon SGX ETF
      466 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 $mil 111 107 6389 ABF SG Bond ETF 110 108.4 110 502.1 846 427 CIMBAsean40 100US$ US844 -2 150 844 842 841 846 33.8 297
      466 words
    • Article
      Lock icon CLOB INTERNATIONAL
      264 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 $mil 56 20 6000 AVJennings A49 -2 5 49 49 49.5 52.5 3.6 7.1 3.9 127.6 31 6 6017 Genting HK US$ US25 unch 2096
      264 words
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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 Jan 11 Index Change Change Change Change Change Change World Index Preliminary 853.2 0.0 25.9 0.0 26.2 0.6 31.0 EAFE Preliminary 804.0 0.1 23.9 0.8 27.6 1.4 32.6 Europe Preliminary 1149.1 0.0
      365 words
    • Article
      Lock icon SICOM FUTURES
      199 28 Jan 12 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Feb 10 311.5 133.0 311.5 162 671 Mar 10 308.0 133.0 313.0 32 582 Apr 10 292.3 162.5 315.5 124 538 May 10 305.0 213.5 317.0 46 726 Jun
      199 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      92 28 Jan 12 Jan 12 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 15.04.2010 0.54 0.50 0.48 1-Year BY*****N 01.11.2010 0.55 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****H 3.625 01.07.2011 104.45 104.47 104.47 5-Year N*****0N 1.375
      92 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      134 28 Jan 12 As at 9am Jan 12 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2790 1.3170 Can dollar 1.3370 1.3520 Euro 2.0050 2.0270 NZ dollar 1.0220 1.0430 Sterling pound 2.2250 2.2500 US dollar 1.3830 1.3990 Local dollars to 100 units
      134 words
    • Article
      Lock icon INTERBANK RATES
      177 28 Jan 12 $S Offer Bid Overnight 1/16 PAR 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 0.03 US$ 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 0.53 0.43 9 months 0.90 0.60 12
      177 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2338 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 3.5 1 1609 1 15 12 4.71 52 2036 Advance SCT Ltd W*****9 0.5 1 87 1844 9.00 7 8756 Asiatic Grp (H) Ltd W*****2 10
      2,338 words
    • Article
      Lock icon PALM OIL
      66 28 Jan 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 10 2525 2507 2525 2517 11 869 Feb 10 2540 2529 2540 2517 2067 9256 Mar 10 2552 2556 2570 2541 9501 ***** Apr 10 2580 2572
      66 words
    • Article
      Lock icon STOCK INDEX FUTURES
      27 28 Jan 12 Open High Sett STI Jan 2916 SIMSCI Jan 352.3 353.0 349.7 Taiwan Jan 300.3 301.1 300.3 Source: MF Global (S) Pte. Ltd
      27 words
    • Article
      Lock icon SIBOR
      85 28 Jan 12 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      350 28 Jan 12 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar10 99.7150 0 ***** Jun10 99.5450 0 9449 Sep10 99.2300 0 3582 Dec10 98.8450 0 2839 EUROYEN TIBOR FUTURES Mar10 99.6000 99.6000 99.6000 99.6000 0 4558 Jun10 99.6400 0 1709 Sep10 99.6600 0 1666 Dec10 99.6300 99.6300
      350 words
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      6554 29 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN RTM/ANR/TIL *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN NOL/CDN *Loads E./W. Malaysia,
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 28 Jan 12 S$ Bid Offer 1-month 1.3899 1.3913 2-months 1.3902 1.3917 3-months 1.3905 1.3919 6-months 1.3913 1.3927 Source: OCBC
      22 words
    • Article
      Lock icon INTERBANK CROSS RATES
      466 28 Jan 12 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.959 6.347 0.641 7.210 42.234 85.212 0.854 10.447 3.104 1.252 78.885 42.434 1.293 6.862 0.946 29.546 30.724 0.577 0.930 Canada 1.042 6.615
      466 words
    • Article
      Lock icon PRECIOUS METALS
      139 28 Jan 12 GOLD (US$/oz) Jan 12 Jan 11 Hong Kong 1152.50 1154.70 Jan 08 Jan 11 London 1128.05 1153.20 1128.85 1154.00 Source: Thomson Reuters CAST BAR Jan 12 (S$) Selling Buying Kilobar "55,121.05" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 123.05 51 5gm 350.96 257 10gm 625.95
      139 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      157 28 Jan 12 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2917 1.2934 0.9296 0.9299 Canadian dollar 1.3464 1.3480 0.9690 0.9692 Euro 2.0162 2.0186 1.4510 1.4513 NZ dollar 1.0316 1.0333 0.7424 0.7429 Sterling pound 2.2370 2.2395 1.6099
      157 words
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      73 28 Jan 11 Jan 11 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2295.25 2249.50 3 months 2330.00 2284.00 Copper, Grade A (US$/tonne) Cash 7539.00 7434.00 3 months 7567.50 7461.00 Lead (US$/tonne) Cash 2505.50 2504.75 3 months 2531.00 2532.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      105 28 Jan 11 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 10 1001.75 1013.00 1022.00 997.50 Mar 10 1010.50 1022.00 1032.75 1005.75 May 10 1017.25 1027.75 1039.25 1012.50 Jul 10 1022.75 1032.25 1043.50 1017.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jan 10 39.19 39.53 39.78
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      77 28 Jan 11 COCOA (£/tonne) Close Prev High/Low Mar 10 2277 2270 2280/2258 May 10 2284 2276 2288/2270 Jul 10 2258 2253 2261/2249 Sep 10 2224 2219 2226/2209 COFFEE (US$/tonne) Close Pev High/Low Jan 10 1346 1360 1359/1344 Mar 10 1385 1400 1419/1378 May 10 1415 1430 1448/1410 SUGAR (US
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      77 28 CRUDE OIL PRODUCTS Jan 11 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 81.25 -0.10 WTI (Near Mth) 82.22 -0.66 Dubai (1-Mth F) 81.65 1.13 Tapis blend 84.05 0.85 Minas 84.80 0.05 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 85.10 1.27 Jet Kerosene 91.00 1.05 US$/barrel Opec Oil
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      43 30 Experienced sh/p maintenance services wanted. seTvKIre.nM Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 5HIPPING TIMES Legal services required by shippers owners TO ADVERTISE, CALL JOE WONG AT Can they find your services here in the Shipping Times?
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      86 31 XBRL Reporting from $180" www.xbrl-filing.com.sg Whether you are looking for real value or speed, you can now have your XBRL report for as low as $180* or obtain your report in as short as 2 hours*. Our enhanced tool has enabled us to pass on immense savings, so avail yourself
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      18 31 Lianhe Zaobao Wenzhou businessmen are new owners of French brand Pierre Cardin AW MA ft n te IfiUil
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  • executive Money
    • Article, Illustration
      Lock icon A year to be particularly agile
      1210 31  -  2010 will be tougher because huge gains were made in 2009 and a lot of good news has already been priced in MONEY MATTERS LIM SAY BOON The writer is chief investment strategist for Standard Chartered Group Wealth Management and Private Bank THE markets
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      Lock icon Model portfolios may not be the best bet
      798 31  -  It just can’t outdo a simple stock fund over a 5-year span By MARK HULBERT NYT [NEW YORK] Trying to beat the market by buying and selling actively managed stock mutual funds? You may want to reconsider. Model portfolios recommended by investment
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      Lock icon Bond investing tricky in uncertain times
      1013 31  -  By GERALDINE FABRIKANT NYT [NEW YORK] Many Americans have grown up with the mantra that their investment portfolio should hold an increasingly large percentage of bonds as they age. The theory is simple: bonds provide both security and income as people retire and need
      NYT  -  1,013 words
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      Lock icon Hedge funds roar back
      823 32  -  Strong returns partly reflects unique opportunities thrown up by crisis, reports GENEVIEVE CUA GENEVIEVE CUA HEDGE funds teetered on the brink during the worst of the financial crisis last year, but they appear to have rebounded robustly with some funds even turning away new money. Hedge
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      Lock icon Alternative energy theme seen returning
      371 32  -  Attractive valuations for many stocks in downturn-hit sector By TEH SHI NING AS COMPANIES in the alternative energy sector took a hit during the downturn for reasons that are no longer front and centre, they will once again be a key investment theme this year.
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      213 32 Opinion 27 The four mdst dangerous words in i SAXO CAPITAL MARKETS A TRADER'S BEST CALL nvesting areis' RENT' What's your position? As a serious trader, you question everythjng to see what works for you be it your trading approach or your trading tools. We at Saxo know exactly how
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      10 32 MONEY MATTERS A year to be particularly agile PAGE 31
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  • Who’s who in private banking
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      Lock icon GUARDIANS OF WEALTH
      727 1  -  By Siow Li Sen F FROM all the hiring activity in the second half of last year, 2010 should be the year of senior private bankers in Asia. Hiring is not just up, but has become fiercely competitive with most firms gunning for experienced private bankers, as
      727 words
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      Lock icon Lessons from the crisis
      1080 2  -  Banks that failed as trusted advisers as well as investors have much to learn from the upheaval. By GARY TIERNAN By GARY TIERNAN The writer is global head, Relationship Management, Investment Advisory Fiduciary, The Standard Chartered Private Bank AS WE head into 2010, it is a
      YEN MENG JIIN  -  1,080 words
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      Lock icon Focusing the enterprise on liquidity risk
      1044 2  -  By WINSTON NGAN The writer is head of Financial Services, Ernst Young LLP THE financial crisis over the last year has underscored the need for efficient flow of accurate liquidity risk information. Whether it is a demand for better business management within the organisation
      STOCK.XCHNG  -  1,044 words
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      Lock icon Retaining clients, rebuilding trust
      1290 3  -  The sustainability of the private banking business model comes under scrutiny in the wake of the massive industry shake-up. By FRANCOIS MONNET By FRANCOIS MONNET The writer is Credit Suisse’s managing director and head, Private Banking Southeast Asia and Australasia IN THE aftermath of the massive
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      Lock icon All for the common good
      1145 3  -  RICHARD STANDING of Deloitte Singapore looks at Singapore’s move from ‘grey’ to ‘white’ list and its impact on the country’s private banking industry RICHARD STANDING The writer is a tax partner at Deloitte Singapore IN March 2009, Singapore announced its decision to endorse the Organisation
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      Lock icon A new era of advisory banking
      1078 4  -  The Asian private banking sector will likely reassess its commitment to advisory services post global financial crisis. By NINA AGUAS By NINA AGUAS The writer is managing director, ANZ Private Bank Asia Pacific IN THE financial sector post global financial crisis and the collapse
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      Lock icon Private banking, public trust
      1030 4  -  With Singapore’s aim to become the banking hub of Asia, the confidence of high net worth individuals placing their funds here must never be called into doubt. By JEYA POH WAN SUPPIAH The writer is audit partner at KPMG in Singapore. The views and opinions expressed
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      Lock icon Choosing a private bank
      693 5 For those wealthy enough, the decision is probably one of the most important they will ever make Successful bankers aim to be the trusted adviser to an individual or family and the closeness of the relationship will allow them to develop a real understanding of their
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      Lock icon Talent management in the new era
      1007 5  -  By RON COLLARD PRIVATE banks are a key and growing part of the financial services industry. Many do not realise that despite their massive global revenue and successes, it is still a young and emerging area of financial services. And with that comes many
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      73 1 Lessons from the crisis PAGE 2 Focusing the enterprise on liquidity risk PAGE 2 Retaining clients, rebuilding trust PAGE 3 All for the common good PAGE 3 A new era of advisory banking PAGE 4 Private banking, public trust PAGE 4 Choosing a private bank PAGE 5 Talent management in
      73 words
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      105 1 LIST OF BANKS Bank Julius Baer Co Ltd PAGE 6 Barclays Bank PLC PAGE 7 BNP Paribas Wealth Management PAGE 8 BSI Bank Ltd PAGE 9 Citi Private Bank PAGE 10 Clariden Leu Ltd PAGE 11 Crédit Agricole (Suisse) SA Singapore Branch PAGE 12 Credit Suisse PAGE 13 Deutsche Bank
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  • WHO'S WHO IN PRIVATE BANKING
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      Lock icon Passion of the bank to view our clients in the centre of everything we do
      940 6 The way to success Julius Baer is the leading Swiss private banking group, Dr Meier says. It is, in his words, "big enough to matter and small enough to care". Over four generations, the name
      940 words
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      Lock icon A Wealth of Expertise
      763 7  -  Didier von Daeniken Chief Executive, Barclays Wealth Asia Pacific Barclays Wealth is dedicated to helping you get the most from your wealth by acting as your wealth guide. We have been helping clients with their private wealth management needs, and leveraging our capabilities across the wider
      763 words
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      Lock icon We believe in Asia's future
      559 8  -  Serge Forti Chief Executive Officer, Asia Pacific BNP Paribas Wealth Management BNP Paribas Wealth Management is the number one Private Bank in the Eurozone in terms of client assets and a major player in the private banking field in Asia. We have extensive coverage originating
      559 words
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      Lock icon Swiss Bankers with Passion
      881 9 Peace of Mind Founded in the idyllic Swiss town of Lugano in 1873, BSI is one of the leading and one of the oldest banks in Switzerland and specialises in Private Banking. In 1998, we became part of the Generali group, one of the top insurance
      881 words
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      Lock icon A Spirit of Partnership
      811 10  -  Aamir Rahim Chief Executive Officer Citi Private Bank Asia Pacific Citi Private Bank Over 25,000 clients across North America, Latin America, Asia-Pacific, Europe, the Middle East and Africa. A third of the world's billionaires entrust their wealth management needs to us. Over 3,000 employees represent our
      811 words
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      Lock icon A relationship of absolute trust
      794 11  -  Jimmy Lee Kong Head Asia, Clariden Leu your Needs are All That Interests Us Clariden Leu provides premium wealth management services in a cost efficient, consistent and sustainable way. We want to become your preferred partner for customized wealth management services, and establish trust, professionalism
      794 words
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      Lock icon We build personal, long-standing relationships
      884 12  -  Roland Feser Chief Executive, Credit Agricole Suisse, Singapore Credit Agricole Suisse, the main private bank of the Credit Agricole Group, has 15 offices in the world's leading financial centres providing wealth management services. With CHF 50 billion worth in assets under management at the end
      884 words
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      Lock icon Delivering on a Promise
      821 13  -  Dr Francois Monnet Managing Director Head of Private Banking Southeast Asia and Australasia, Credit Suisse "We have to acknowledge that we are confronted with a very different operating landscape," says Francois Monnet, managing director and head of private banking Southeast Asia and Australasia at Credit Suisse.
      821 words
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      Lock icon Strengthening Our Productivity
      712 14  -  Ravi Raju Head of Deutsche Bank PWM Asia Pacific Deutsche Bank Private Wealth Management Deutsche Bank Private Wealth Management (PWM) is stepping up its presence in Asia Pacific. It currently has close to 800 staff located across 14 offices in nine markets spanning North Asia, Australia, Southeast
      712 words
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      Lock icon Dynamic Entrepreneurial Approach
      734 15  -  Kees Stoute Managing Director EFG Bank Singapore EFG International: key facts EFG International is a global private banking group offering private banking and asset management services, headquartered in Zurich, Switzerland. Its group of private banking businesses currently operates in 55 locations in over 30 countries, with circa
      734 words
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      Lock icon Our Combined Strengths
      1706 16  -  Antony Hung Head, Merrill Lynch Asia Pacific Wealth Management IN ASIA, banking relationships with the wealthy have been characterised mainly by transactions, whether relating to investments or simple deposits. But Merrill Lynch head of wealth management Antony Hung has set his sights on services that are several
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      Lock icon Untitled
      1033 17 Overview Established in 1692 by Scottish goldsmith and banker John Campbell, Coutts is a private bank with a reputation of distinction built over centuries, after having drawn the rich and famous in society among its customers. And that list includes distinguished names like Charles Dickens, Frederic Chopin, Bram Stoker and
      1,033 words
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      Lock icon Continuous development in Asia
      901 18  -  Pierre-F.Baer Chief Executive Officer (Singapore and South Asia) Societe Generale Private Banking Some of the biggest financial opportunities in the private banking market lie in Asia, says Pierre-F.Baer, Societe Generale Private Banking's chief executive for Singapore and South Asia. "In general there is still a positive
      901 words
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      Lock icon A Trusted Advisor
      885 19  -  Rajesh Malkani Head of Private Banking, Southeast Asia at Standard Chartered A Unique Positioning The Standard Chartered Private Bank positions itself as both a distinct and an integral part of the larger Consumer Bank. Therefore it is able to leverage the wider capabilities of both the Consumer
      885 words
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      Lock icon Excellence in Advice
      835 20 Over the last 12 months, our future strategy has been defined; clear and achievable commercial goals have been established and we have further strengthened our position as one of the world's leading financial institutions. Our integrated business model, comprising wealth management, investment banking and asset management, gives
      835 words
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      200 7 W X N -tfiU DISCOVERING A FRESH APPROACH. WEALTH. WHAT'S IT TO YOU? If you believe in the value of experience and new ideas, you should talk to us. At Barclays Wealth we appreciate that everyone has different aims and ambitions, so we use innovative ideas to seek long-term strategies
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      121 8 HBNP PARIBAS WEALTH MANAGEMENT 20 Collyer Quay, Tung Centre, #18-01, Singapore *****9 Tel: +65 6210 3888 www.wealthmanagement.bnpparibas.com J* X/fhen it c to your futur there is no time like the present. Secure your future today with BNP Paribas Wealth Management. BNP Paribas Wealth Management, the leading private bank in the
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      62 12 Credit Agricole (Suisse) SA Singapore Branch 168 Robinson Road 23-03 Capital Tower Singapore *****2 Tel: +65 6423 0325 Fax: +65 6423 1477 www.ca-suisse.com •*v?5v- V With both feet firmly on the ground Stability and peace of mind are the keys to success. We made them the foundations of our business.
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      81 13 Credit Suisse AG 1 Raffles Link #05-02 Singapore *****3 Tel: +65 6212 2000 www.credit-suisse.com CREDIT SUISSE 4&>V d. VV 40* 50% engineer 50% entrepreneur 00% fat One Credit Suisse People are not made of numbers. They are made of hopes and dreams, passions and partnerships, talent and tenacity. We strive
      81 words
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      154 14 Deutsche Bank Private Wealth Management One Raffles Quay South Tower Level 20 Singapore *****3 Tel: 6423 6450 www.pwm.db.com <n* N y nal 0 k jjm n feapo r vPrivate Bank of the Year 1 Best Private Bank India and Singapore Best Private Bank China 3 Best Private Bank Other Countries
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      28 16 Merrill Lynch Wealth Management A subsidiary of Bank of America Corporation Merrill Lynch International Bank Ltd 2 Raffles Link Marina Bayfront Singapore *****2 Tel.: +65 6331 3888 www.individual.ml.com
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      30 17 RBS COUTTS BANK LTD. Singapore Branch (Merchant Bank) 50 Raffles Place, #06-01, Singapore Land Tower u TrzZTLi a* Kdj LO UttS Tel: +65 6223 3132 Fax: +65 6223 5098 www.rbscoutts.com
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      245 19 The Standard Chartered Private Bank 6 Battery Road Level 27 Singapore *****9 Tel: +65 6376 2000 www.privatebank.standardchartered.com The Standard Chartered Private Bank The Standard Chartered Private Bank Opportunities ew °pp ortun t es or 9 r wt n an ©merge just i about anywhere. Yet it takes an expert eye
      245 words
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      283 20 One Raffles Quay #50-01 North Tower, Singapore *****3 T: +65 6495 8000 F: +65 6495 8188 This material has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient and is published solely for information purposes. No representation or warranty, either express or implied
      283 words