The Business Times, 29 January 2010

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Total Pages: 30
1 30 The Business Times
  • 22 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Friday, January 29,2010
    22 words
  • 617 1  -  Mah says flats not meant for punting, will relook rules By UMA SHANKARI [SINGAPORE] The Housing Development Board (HDB) is checking to see if buyers are using its govern-ment-subsidised flats to speculate in the property market even as resale flat prices hit
    617 words
  • 141 1 ST INDEX 2,757.68 (+51.42) ST INDEX FUTURES 2,758.00 (+52.00) SIMSCI 329.44 (+6.92) SIMSCI FUTURES 330.00 (+7.40) FOREX US$ S$ US$ (S$ per US$) 1.402 (US$/S$ per 1.625 2.278 EURO (US$/S$/E) 1.404 1.968 Foreign currency per US$ S$ YEN 90.40 64.50 RM 3.408 2.430 HK$ 7.770 5.540 BAHT 33.09
    141 words
  • 577 1  -  In radical move, MAS proposes tests before an investor can buy certain products By SIOW LI SEN [SINGAPORE] Retail punters may have to sit for tests before they can trade that sexy ETF if the Monetary Authority of Singapore (MAS) has its
    577 words
  • Page 1 Advertisements
    • 71 1 HOCK LOCK SIEW In search of those elusive Q4 numbers PAGE 5 WINE A splendid reunion with old friends OPINION There’s no education in a Chinese school ARTS A labour of love for his people PAGE 27 PAGE 28 PAGE EXECUTIVE LIFESTYLE FUN WITH MONEY For some people, their passion
      71 words
    • 23 1 Festivals Around The World This year’s Sydney Festival explores what it means to be happy in society today. PAGE 30 8 '*****1 *****4
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    • 200 1 We apologise for taking so long to perfect the jumping numeral mechanism. 52 2 Grand Prix d'Horlogerie de Geneve Grand Prix de I'Aiguille d'Or 2009 2009 winner of arguably the most famous award of the Swiss watch industry the "Golden Hand". Sr 'h, GLASHUTTE /SA As At long last, we
      200 words

  • TOP STORIES
    • 569 2 Want to invest? Take a knowledge test first RETAIL punters may have to sit for tests before they can trade that sexy ETF if the Monetary Authority of Singapore has its way. MAS in its protective cape has proposed radical measures including getting independent assessors to verify customers’
      569 words
    • 617 2  -  Tablet computer, touted as do-it-all media gadget, creates buzz on Web By ONG BOON KIAT [SINGAPORE] Months of frenzied speculation was finally laid to rest yesterday, when Apple whisked off the cloak to the company’s most eye-catching product since the iPhone three
      AP  -  617 words
    • 429 2  -  By VEN SREENIVASAN [SINGAPORE] The race is heating up for Changi’s third ground services licence now that Jetstar has tossed its hat into the ring, bringing the number of contenders to a total of four. Another player, Australia-based Aero-Care, had earlier said that it was
      429 words
    • 833 4  -  President focuses on job creation, lifting exports; unveils no big spending plan By CONRAD TAN [SINGAPORE] US President Barack Obama’s muchwatched speech on Wednesday was carefully calibrated to the political mood in the United States, but also showed the limits of what the government
      REUTERS  -  833 words
    • 817 4  -  Rate decision and reading of economy offer a bit of cheer By ANDREW MARKS THE US Federal Reserve’s upbeat assessment of the economy and a reconfirmation of its commitment to keep interest rates at their historic lows buoyed a downcast Wall Street on Wednesday.
      AP  -  817 words
    • 487 4  -  Global markets have improved so it’s no longer needed By CONRAD TAN [SINGAPORE] The Monetary Authority of Singapore (MAS) said that its US$30 billion swap arrangement with the US Federal Reserve will be allowed to expire next Monday as it is
      487 words
    • 524 4  - Singapore sweats away the hours and productivity By ANNA TEO [SINGAPORE] Here’s a world-leading pole position for Singapore that probably explains quite a bit of its dismal productivity record of late. Beavering away doggedly, Singaporeans may not be aware that they have, for the past two years, overtaken the industrious
      Source: The Conference Board Total Economy Database, Jan 2010  -  524 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 143 3 mixury |BSyyP4ftSi#of Orchard Set in 2.5 hectares of sprawling prime land, Orchard Scotts is an architectural treasure to discover. Designed by Arquitectonica, an award-winning US firm, this prestigious residence offers a coveted address in the Orchard Road area, one of the world's most famous shopping and entertainment streets. Endowed with
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  • COMPANY NEWS
    • 569 5  -  Other players also raising capacity as stalled petrochem projects are revived By RONNIE LIM WITH the market rebound and petrochemical investments once again returning to Jurong Island, a “power battle” is shaping up at the island’s greenfield Tembusu sector. Following last November’s
      569 words
    • 298 5  -  By CHEW XIANG COMMODITIES supply chain manager Olam International is issuing S$250 million in 4.07 per cent notes due 2013, the company said yesterday. The joint lead managers and bookrunners for the notes are DBS Bank, HSBC and Standard Chartered Bank. The notes are
      298 words
    • 610 5  -  HOCK LOCK SIEW By JOYCE HOOI SOME large firms have given a whole new meaning to seeking safety in numbers this earnings season. While it has been mandatory for listed companies with more than $75 million in market capitalisation to report quarterly earnings
      610 words
    • 306 7  -  By NISHA RAMCHANDANI SIA Engineering Co (SIAEC) posted an 11.1 per cent year-on-year drop in net profit to $56 million for the third quarter ended Dec 31, 2009. Revenue came in at $241.5 million, 10.6 per cent lower, on the back of
      306 words
    • COMPANY BRIEFS
      • 49 7 SURFACE Mount Technology (Holdings) expects to report operating loss for the third quarter and the nine months of FY2010. Surface Mount said that revenue fell against a year ago due to the continued weakness and volatility of global demand for manufactured goods.
        49 words
      • 83 7 CHIP tester STATS ChipPac has reported a net profit of US$33.8 million, against a net loss of US$22.15 million a year ago, for the fourth quarter ended Dec 27, 2009. Revenue for the quarter rose to US$394.7 million from US$324.6 million, while net income
        83 words
      • 31 7 MEMORY Devices’ provisional liquidators are now in talks with several potential investors regarding a proposal to stage a reverse takeover of the troubled tech firm.
        31 words
    • 682 7  -  Trust buys 5 hotels in Brisbane and Perth for A$175m in yield-accretive deal By KALPANA RASHIWALA CDL Hospitality Trusts (CDLHT) has been garnering appeal among investors in recent months as a proxy for an expected tourism boom in Singapore from the opening of the integrated
      682 words
    • 411 8  -  Firm to pay interest only for first 2 years, repay debt in full by end of 5 years By CHEW XIANG CREDITORS of Jaya Holdings which froze repayment of over $300 million of loans six months ago have agreed to a restructuring which will see the
      411 words
    • 316 8  -  By OH BOON PING ABERDEEN Asset Management thinks that Asian credit spreads could tighten by up to 75 basis points in the near term, and now favours financial debt issues and certain corporate high-yields. On the equity front, the fund manager thinks stocks could plunge
      316 words
    • 331 8  -  By OLIVIA HO LIFESTYLE and wellness provider Mary Chia Holdings Ltd has entered into a joint venture to develop a heritage hotel in Singapore. The group, together with businessman Lee Boon Leng, will operate Hotel Culture, a local company incorporated last September. Hotel Culture has
      331 words
    • 433 8  -  By JOYCE HOOI STARHILL Global Real Estate Investment Trust posted a 5.5 per cent increase in income available for distribution to $19.1 million for its fourth quarter ended Dec 31, 2009, from $18.1 million a year ago. Income to be distributed rose 5.6 per cent
      433 words
    • 289 8  -  By ABIGAIL KOR CHINA Hu An Cable Holdings Ltd, an integrated wire and cable manufacturer, has launched its initial public offering (IPO) for a Singapore Exchange mainboard listing. The China-based company’s offering comprises 118 million new shares and 58 million vendor shares, of
      289 words
  • Page 5 Advertisements
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  • SINGAPORE MARKETS
    • 582 6  -  Index regains 51 points amid HK recovery and heavy short-covering, and as traders bet on Wall Street rally STOCKS R SIVANITHY Senior Correspondent AFTER losing more than 200 points in a six-day sell-off, the Straits Times Index aided no doubt by heavy doses of
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    • 186 6 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 15 0 2 0 0 0 15 0 2 Manufacturing 96 26 63 11 3 10 107 29 73 Commerce 35 7 25 6 3 1 41 10 26 Tpt/Stor/Comms 29 6 7
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    • 121 6 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 31,354 31,354 75,721 75,721 Manufacturing 277,446 10,863 288,309 197,891 552 198,444 Commerce 118,129 16,686 134,815 135,541 3,861 139,402 Tpt/Stor/Comms 125,212 3,581 128,793 200,743 784 201,526 Finance 32,929 35 32,964 201,924 2 201,927 Construction 57,137 14,056
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    • 114 6 Stock name Close Change Stock name Close Change CapitaLand 3.820 +0.080 CapitaMall 1.690 +0.020 CityDev 10.740 +0.220 ComfortDelGro 1.620 +0.030 Cosco Corp 1.300 +0.060 DBS Grp 14.320 +0.320 F&N 4.220 +0.070 Genting SP 1.080 +0.040 Golden Agri 0.525 +0.025 HK Land 4.660 +0.060 JMH 29.980 +0.080
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    • 4 6 DAILY
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    • 65 6 Jan 28 VALUE CLOSE BT OB/OS -1325.00 +100.0 BT CADI -*****.00 +272.0 BT 10-day MA -*****.00-132.00 FTSE ST Mid Cap 667.41 +11.59 FTSE ST Small Cap 540.62 +12.17 FTSE ST All Share 681.96 +12.71 FTSE ST China Top 278.90 +7.20 FTSE ST China 292.31 +4.86 FTSE ST
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    • 57 6 VOLUME Genting SP 155,263,000 Golden Agri 119,603,000 Ying Li 41,568,000 CapitaLand 28,231,000 NOL 27,807,000 China Hongxing 26,631,000 OSIM 25,886,000 Healthway 24,978,000 GMG Global 23,255,000 Pac Andes 18,652,000 VALUE($) Genting SP 167,181,910 CapitaLand 108,014,900 DBS Grp 63,962,412 Golden Agri 62,133,160 Noble Grp 53,617,348 UOB 48,618,960 NOL 48,230,308 SGX
      57 words
    • BROKERS’ TAKE
      • 343 6 Corporation Jan 28 close: $0.17 DMG PARTNERS SECURITIES, Jan 28 HEALTHWAY has revealed that the International Financial Corporation (IFC), a member of the World Bank Group, will be funding US$25 million for its China expansion plans. 108 million new shares at 13 cents each will be placed out
        343 words
      • Article, Illustration
        521 6  -  Holdings Jan 28 close: $0.99 OCBC INVESTMENT RESEARCH, Jan 28 Compiled by JOYCE HOOI MIDAS Holdings (Midas) has been on a roll, winning numerous contracts worth a total of 413.6 million yuan (S$85 million) since the start of the year. With these contracts, we estimate that the group’s
        521 words
    • 507 6 CURRENCIES Reuters [LONDON] The euro slipped yesterday, hovering near a 6 1/2-month low against the US dollar as investors remained wary on concerns over heavily indebted smaller euro zone countries such as Greece and Portugal. The US dollar erased gains versus the yen
      Reuters; REUTERS  -  507 words
    • 110 6 BY CENTS CLOSE UP UOB 5.05%NCPS 100 ***** 90.0 0.9 DBXT FTChina25 10US$ 2816 88.3 2.3 Asia Pac Brew 1260 60.0 5.0 DBXT MSTaiwan 10US$ 1579 53.3 2.5 Jardine C&C 2544 44.0 1.8 UOB 1830 38.0 2.1 Lyxor China H 10US$ 1490 33.6 1.6 DBS Grp 1432 32.0 2.3
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    • 122 6 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 5460 -89.7 -1.2 DBXT FTVietnam 10US$ 4270 -88.3 -1.5 GLD 10US$ ***** -53.3 -0.4 StraitsAMBLeCW*****6 26 -19.5 -42.9 SIA BNP eCW*****2 58 -12.5 -17.7 Lyxor CRBNonEny10US$ 228 -11.2 -3.4 DBS RB eCW*****3 12 -10.5 -46.7 OCBC Bk BNPeCW*****9 27 -9.0 -25.0
      122 words
    • 87 6 Where S$ stands Jan 28 CHNG YR 2010 CLOSE FR Jan 27 S$ LOW S$ HIGH US$ 1.4009 0.38 1.4062 1.3869 Euro 1.9658 0.40 2.0153 1.9658@ Pounds 2.2776 -0.49 2.2776# 2.2242 A$ 1.2649 -0.42 1.2923 1.2595 Yen* 1.5486 1.57 1.5730 1.5027 Rupiah* 0.***** -0.42 0.***** 0.***** Baht* 4.2355 0.42
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  • Page 8 Advertisements
    • 153 8 'HE January/February 2010 PRODUCED BY THE BUSINESS TIMES MAGAZINE Can our SIVIEs save the economy Incubating budding entrepreneurs Destination: Latin America 0:0:0 IK 11$ The SME Magazine is all about real entrepreneurs and their real stories. Produced byThe BusinessTimes, this new bi-monthly magazine is dedicated to small and medium enterprises.
      153 words

  • SINGAPORE NEWS
    • 392 9  -  Spring sees nimble SMEs driving innovation and creating jobs By ARTHUR SIM DESPITE the global recession, Singapore SMEs have proved to be resilient. “Not only did many survive the downturn, a significant number even managed to grow their businesses by expanding into
      392 words
    • 342 9  -  Area will test ideas and tech promoting sustainable devt By EMILYN YAP THE Housing and Development Board (HDB) has identified Punggol as Singapore’s first eco-town, and the area is set to become a “living laboratory” for ideas and technologies promoting sustainable development. HDB announced
      342 words
    • 533 9  -  New bid is double the one URA received in 2008 By EMILYN YAP THE Urban Redevelopment Authority (URA) will be launching a transitional office site at Mohamed Sultan Road for sale in around two weeks’ time, after a developer committed to pay
      Source: URA  -  533 words
    • 526 9  -  FOCUS ON PROPERTY By KALPANA RASHIWALA THE home buying buzz continues at showflats. Allgreen Properties is said to have sold 54 units at its Holland Residences condo at Taman Warna released this week. The average price of the 68 units released in the 83-unit
      FILE PHOTO  -  526 words
    • 280 9 THE National Research Foundation (NRF) is awarding $50 million worth of grants under its Competitive Research Programme (CRP) Funding Scheme to five research proposals. A total of 68 preliminary proposals on the theme Sustainable Urban Systems were submitted by Singapore-based researchers from the
      280 words
    • 276 9 BOLSTERED by a China-led recovery, Singapore could see a strong economic rebound with a GDP growth of between 7-7.8 per cent, according to MasterCard Worldwide’s economic adviser Yuwa He-drick-Wong. “Much of Singapore’s recovery is due to the China factor. For 2010, we’re expecting a strong
      276 words
    • 273 9 10 percentage point reduction will be in phases from 2011 THE Ministry of Health (MOH) plans to reduce the current healthcare subsidy for permanent residents (PRs) starting next year as part of its plan to establish sharper subsidy distinction between PRs and Singapore citizens.
      273 words
    • 333 9  -  By JOYCE HOOI A 100 million Swiss franc (S$134 million) medical research hub will be set up in Singapore soon as part of an alliance between Swiss healthcare firm Roche and several leading scientific and medical institutions. The research centre,
      333 words

  • ECONOMY WATCH
    • 552 10  -  Financiers’ lobby group calls for global efforts to improve regulation of industry By ANTHONY ANTHONY ROWLEY GLOBAL reform efforts aimed at better regulation of banks and other financial institutions could be thwarted if national solutions such as those proposed by US President Barack
      552 words
    • 623 10 Says dollar shouldn’t be primary reserve currency anymore NYT Reuters [DAVOS, Switzerland] France wants to use its presidency of the Group of 20 (G-20) next year to create a new international monetary system, President Nicolas Sarkozy said on
      NYT; Reuters; REUTERS  -  623 words
    • 362 10 Inclusion in group may boost demand for Jakarta stocks Bloomberg [JAKARTA] Indonesia may be ready to join the BRIC group of major emerging nations, according to Templeton Asset Management Ltd. “Indonesia’s political and economic outlook has improved tremendously in recent years,” Templeton portfolio
      Bloomberg  -  362 words
  • Page 10 Advertisements
    • 1428 10 BEATS NOTICES In the Matter of The Companies Act (Chapter 50) And In the Matter of DILMUN NAVIGATION (SINGAPORE) PTE LTD (In Members' Voluntary Liquidation) Reg. No. *****6712R NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuantto Section 308 of the Companies Act, Cap. 50, the Final Meeting of
      1,428 words
    • 684 10 THE COMPANIES ACT CAP. 50 DATA LIGHT TECHNOLOGY (S) PTE LTD (Company No. *****0617D) (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of Data Light Technology (S) Pte Ltd held on 25 January 2010, the following special resolutions were duly passed:That the Company be wound up voluntarily pursuant to
      684 words
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  • MALAYSIA
    • 693 11  -  KL concedes need to reduce spending, yet deliver big economic, social outcomes fast By S JAYASANKARAN FOR once, Kuala Lumpur told it like it was and the reality that the Government Transformation Programme (GTP) Roadmap, launched yesterday by Prime Minister Najib Razak, laid
      693 words
    • 591 11  -  By PAULINE NG IN the face of plunging private investments and stagnant economic growth, Prime Minister Najib Razak is banking on a new “target specific” delivery approach to win over Malaysians and investors. Called the Government Transformation Programme (GTP) Roadmap, the “bold and
      591 words
  • Page 11 Advertisements
    • 278 11 Celebrate this CNY with two mega draws mW Hong Bao Draw Fri, 26 Feb 2010,9.30pm Order $268 Pack for $10M Hong Bao Draw at www.singaporepools.com.sg or via fax using order form available at all outlets and on website. p i_AYi) Always play with care. responsibiyj Do not bet illegally. The
      278 words

  • GREATER CHINA
    • 439 12 China seeking to boost control, unity in region through economic growth Reuters [BEIJING] China will push for a surge of investment in its restive far-west Xinjiang region, seeking to boost control and ethnic unity there after deadly riots last year. The proposals for faster development in
      Reuters  -  439 words
    • 132 12 Reuters [TAIPEI] Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s top contract chipmaker, posted its biggest quarterly net profit in two years yesterday as chip sales grew and its spending on more advanced technology paid off. New technologies helped boost the output of
      Reuters  -  132 words
  • Page 12 Advertisements
    • 598 12 m.WM WINE DINE AND HOSPITALITY ci .ttI mak I -S^JVOOJV SPARKLE UP YOUR SUNDAYS... at Triple Three! Enjoy a languorous Sunday Brunch with free flow of premium sparkling wine from Australia's renowned Domaine Chandon winery and dishes made from the finest, freshest ingredients, which Triple Three has become known for
      598 words

  • GREATER CHINA/INDIA
    • 350 13 Bloomberg [NEW YORK] Ramalinga Raju, who resigned as chairman of Satyam Computer Services Ltd after saying that he overstated the company’s assets by US$1 billion, was granted pauper status in US litigation brought by investors. US District Judge Barbara Jones in New York approved
      Bloomberg; AP FILE PHOTO  -  350 words
    • 490 13 It will oversee areas of security, foreign tie-up, development AP [BEIJING] China has set up a government agency headed by Premier Wen Jiabao to better coordinate energy policy, as world’s se-cond-largest power consumer faces growing domestic demand and struggles with shortages.
      AP  -  490 words
    • 550 13 Most economists expect central bank to raise banks’ cash reserve ratio by 50 basis points Reuters [NEW DELHI] India’s annual food price inflation accelerated for the first time in four weeks, with the central bank looking set to tighten its policy
      Reuters  -  550 words
  • Page 13 Advertisements

  • ASIA-PACIFIC/WORLD
    • 549 14 Company expected to continue growing this year and to benefit from Toyota’s recall Bloomberg [SEOUL] Hyundai Motor Co almost quadrupled fourth-quar-ter profit after government stimulus packages helped it boost global retail auto sales 52 per cent. Net income at the
      Bloomberg; BLOOMBERG  -  549 words
    • 407 14 Bloomberg [NEW YORK] Warren Buffett’s Berkshire Hathaway rose the most in nine months after the company’s selection for the Standard Poor’s 500 Index put its stock within reach of money managers with about US$1 trillion in assets. The Class B stock, which shareholders
      Bloomberg  -  407 words
  • Page 14 Advertisements
    • 670 14 WINE DINE AND HOSPITALITY 'J sn PM Yt u Poon Choi Chivies New Yew Speoicily Prosperity Fa Cai Yu Sheng Lo Hei for good luck and longevity this Lunar New Year with family and friends at the Captain's Table. Choose from our Prosperity or Fortune Yu Sheng: Prosperity Norwegian Salmon
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  • WORLD
    • 685 15 No decision yet on Europe models, numbers but 75,000 RAV4 cars in China affected AFP Bloomberg [TOKYO] Toyota’s coveted safety record took a major new hit yesterday as a massive recall caused by an accelerator problem grew in the United States and spread
      AFP; Bloomberg  -  685 words
    • 661 15 He defends use of taxpayer money as necessary AP [WASHINGTON] Democrats and Republicans alike pummelled Treasury Secretary Timothy Geithner on Wednesday over his role in the US$180 billion bailout of insurance giant American International Group Inc (AIG). Mr Geithner, one of the
      AP; BLOOMBERG  -  661 words
    • 688 15 2009 sales down 24% at £2.1 b; Asian demand on the rise Bloomberg [LONDON] Christie’s International is confident of the art market recovering after sales declined 24 per cent in 2009. Total sales decreased to £2.1 billion (S$4.8 billion) in that “demanding year”, the London-based
      Bloomberg; REUTERS  -  688 words
    • 379 15 Reuters [BOSTON] Students at one of America’s top business schools see evidence that high-technology, start-up and alternative energy companies will hire more actively this year after a difficult 2009 for graduates. MBA students from Massachusetts Institute of Technology’s Sloan School recently
      Reuters  -  379 words
    • 271 15 Bloomberg [ZURICH] Switzerland will work with the US to save a tax settlement involving UBS after a Swiss court ruling jeopardised the disclosure of data on as many as 4,200 of the bank’s clients. Switzerland will continue talks with the
      Bloomberg  -  271 words
  • Page 15 Advertisements
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  • EDITORIAL & OPINION
    • 491 16 EDITORIAL FEARS of a double-dip recession notwithstanding, so far, it has been more up than down as far as investments go for Singapore’s energy and power sector. That is reassuring, if not promising, compared to the doom and gloom this time last
      491 words
    • 770 16  - Say sorry like you mean it or face public wrath THE BOTTOM LINE By MARK GILBERT The writer is Bloomberg News London bureau chief and columnist. The opinions expressed are his own WHEN almost every media mention of your institution is accompanied by the nickname “vampire squid”, you might think
      770 words
    • 1312 16  -  A coherent policy and transparent administration can create a competitive tax regime By PAUL LAU The writer is a tax partner at PricewaterhouseCoopers Services LLP SCANNING through the financial press these days, one would not fail to notice the raft of measures
      BLOOMBERG  -  1,312 words
    • 1253 17  -  He seems to be moving his focus away from healthcare reform and climate change to rising deficit and joblessness LEON HADAR Washington Correspondent SHIFTING gears for the second year of his administration and responding to the growing economic discontent among American voters who seemed to
      AP  -  1,253 words
    • 1160 17  -  By DIDI KIRSTEN TATLOW IHT IT’S known among a small circle of scholars in China as “the Qian Xuesen question”. Four years ago, Mr Qian, the rocket scientist and genius architect of China’s space and missile programmes who died in October at the
      IHT  -  1,160 words


  • AVIATION/SHIPPING
    • 626 18  -  Changi Airport will serve both short haul and long haul operations By VEN SREENIVASAN AFTER a year-long evaluation of four cities across the region, the Jetstar group has chosen Singapore as its Asian hub for both shorthaul and long-haul operations. Singapore beat out Bangkok,
      626 words
    • 533 18  -  By GENEVIEVE CUA A SUPPLY overhang in the transport industry is depressing asset prices, even as global economies begin to show signs of recovery. Wolfgang Driese, chief executive and chairman of the board of managing directors of German bank DVB a specialist in transport
      533 words
    • 326 18  -  By NISHA RAMCHANDANI THE Civil Aviation Authority of Singapore (CAAS) and Singapore Airlines (SIA) will be working together to conduct the world’s first multi-sector demonstration green flight, a move to mark CAAS’ entry to the Asia and Pacific Initiative to Reduce Emissions (Aspire) programme
      326 words
    • 475 18 [ATLANTA] Laptop bags that may not require removal of your computer. Luggage concierge services that enable you to check your bags before you arrive at the airport. PDAs to display your mobile boarding pass. These gadgets and services can help speed Americans through security,
      475 words
    • 516 18  -  By VINCENT WEE FOR the first time, the Asia Cruise Association (which acts for the industry in Asia) has appointed a board of directors in its push to expand the regional cruise tourism industry. The six-member board headed by Rama Rebbapragada, regional vice-presi-dent
      516 words
  • Page 18 Advertisements
    • 291 18 NOTICE TO TRADE RATE RESTORATION SINGAPORE/PORT KLANG TO KOLKATA/HALDIA and w Freight rates have deteriorated to such unrealistic levels and in order to enable us to maintain the level of service demanded by the trade, we have no alternative but to restore the rates to more sustainable level. Please be
      291 words
    • 126 18 NOTICE TO TRADE RATE RESTORATION SINGAPORE/PORT KLANG TO KOLKATA/HALDIA and vv Notice is hereby given that with effect from 1 March 2010, our rates for all SOC shipments between Singapore/Port Klang and Kolkata/Haldia will be increased to the following minimum levels: USD 450.00/TEU FIO (laden) USD 120.00/TEY FIO (empty) USD
      126 words

  • SINGAPORE STOCKS
    • 8916 19 Transaction date: Jan 28 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 16 unch 159 16 16 16 16.5 5 0.7 29.1 76.6 10 2.5 5834
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    • 1683 20 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 14 16 94.4 4 0.5 1501
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    • 9343 20 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.15/ APS Alpha Fund (USD)!** 0.82/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.69/ Aberdeen Asset Mgt Asia Limited American Opp 0.633/ Asian Credit Fund 1.218/ Asian
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    • 473 20 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 $mil 111 107 6389 ABF SG Bond ETF 109 107.1 110 497.6 846 427 CIMBAsean40 100US$ US799 803 808 32 298 149 DBS STI ETF
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    • 260 20 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 $mil 56 20 6000 AVJennings A47.5 47 52 3.6 7.4 3.8 123.7 31 6 6017 Genting HK US$ US22 +1 1686 22 21 21.5 22
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  • FINANCE & COMMODITIES
    • 365 21 In local curr In S$ In US$ dy yr dy yr dy yr Jan 27 Index Change Change Change Change Change Change World Index Preliminary 810.3 -0.6 19.5 -0.5 20.4 -0.6 23.5 EAFE Preliminary 760.7 -1.1 17.2 -1.0 20.7 -1.0 23.8 Europe Preliminary 1083.9 -1.0
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    • 180 21 Jan 28 $S Offer Bid Overnight 1/8 1/16 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 1/16 US$ 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
      180 words
    • 22 21 Jan 28 S$ Bid Offer 1-month 1.4020 1.4034 2-months 1.4024 1.4038 3-months 1.4027 1.4042 6-months 1.4035 1.4050 Source: OCBC
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    • 132 21 Jan 28 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2480 1.2850 Can dollar 1.3120 1.3270 Euro 1.9580 1.9800 NZ dollar 0.9840 1.0050 Sterling pound 2.2580 2.2830 US dollar 1.3960 1.4120 Local dollars to 100 units of foreign
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    • 29 21 Jan 28 Open High Sett STI Jan 2751 2753 2758 SIMSCI Jan 322.3 330.3 330.0 Taiwan Jan 273.2 281.2 280.8 Source: MF Global (S) Pte. Ltd
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    • 66 21 Jan 28 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 10 2413 2455 2465 2410 118 1582 Mar 10 2417 2440 2471 2408 1654 ***** Apr 10 2408 2451 2475 2404 ***** ***** May 10 2419 2444
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    • 356 21 Jan 28 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar10 99.7150 0 ***** Jun10 99.5900 0 6580 Sep10 99.3200 0 2503 Dec10 98.9500 0 1719 EUROYEN TIBOR FUTURES Mar10 99.5750 99.5800 99.5750 99.5800 451 4434 Jun10 99.6200 40 1662 Sep10 99.6350 99.6350 99.6350 99.6400 0 1666
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    • 194 21 Jan 28 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Feb 10 303.0 303.0 303.0 12 560 Mar 10 302.0 562 Apr 10 302.0 302.0 302.5 20 460 May 10 303.0 42 636 Jun 10 300.0 298.0 303.0 80
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    • 88 21 Jan 28 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 29.04.2010 0.46 1-Year BY*****N 01.11.2010 0.48 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.25 104.25 104.25 5-Year N*****0N 1.375 01.10.2014 100.34 100.40 100.38
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    • 105 21 Jan 27 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 10 929.00 947.50 946.50 928.50 May 10 938.50 957.00 955.50 938.00 Jul 10 945.50 964.00 962.50 945.25 Aug 10 939.00 957.00 953.00 941.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 10 36.32 36.77 36.74
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    • 77 21 CRUDE OIL PRODUCTS Jan 27 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 73.33 0.14 WTI (Near Mth) 73.63 -1.06 Dubai (1-Mth F) 73.01 0.03 Tapis blend 76.05 0.05 Minas 75.55 0.05 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 75.44 -1.12 Jet Kerosene 81.60 0.25 US$/barrel Opec Oil
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    • 2571 21 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3.5 1 15 16 4.57 52 2036 Advance SCT Ltd W*****9 0.5 1 87 2088 8.00 7 8756 Asiatic Grp (H) Ltd W*****2 9.5 1 3
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    • 6399 22 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN RTM/ANR/TIL *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN NOL/CDN *Loads E./W. Malaysia,
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    • 465 21 Jan 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.957 6.168 0.644 7.020 41.816 84.563 0.817 10.404 3.079 1.268 76.423 42.110 1.267 6.830 0.948 28.896 29.891 0.556 0.903 Canada 1.045 6.447
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    • 85 21 Jan 28 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 154 21 Jan 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2663 1.2677 0.9034 0.9035 Canadian dollar 1.3235 1.3254 0.9442 0.9446 Euro 1.9673 1.9697 1.4035 1.4038 NZ dollar 0.9983 1.0001 0.7122 0.7128 Sterling pound 2.2772 2.2798 1.6246 1.6248
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    • 138 21 Jan 28 GOLD (US$/oz) Jan 28 Jan 27 Hong Kong 1093.20 1093.00 Jan 26 Jan 27 London 1098.40 1092.95 1099.20 1093.95 Source: Thomson Reuters CAST BAR Jan 28 (S$) Selling Buying Kilobar "52,862.28" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 118.77 49 5gm 335.98 247 10gm 600.27
      138 words
    • 71 21 Jan 27 Jan 27 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2147.25 2188.25 3 months 2180.00 2220.00 Copper, Grade A (US$/tonne) Cash 7206.00 7357.00 3 months 7230.00 7381.00 Lead (US$/tonne) Cash 2099.25 2175.50 3 months 2125.00 2200.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • 77 21 Jan 27 COCOA (£/tonne) Close Prev High/Low Mar 10 2246 2309 2312/2204 May 10 2250 2311 2314/2210 Jul 10 2237 2294 2291/2200 Sep 10 2207 2261 2260/2170 COFFEE (US$/tonne) Close Pev High/Low Jan 10 1298 1312 1320/1289 Mar 10 1333 1347 1369/1314 May 10 1368 1381 1403/1349 SUGAR (US
      77 words

  • Page 22 Advertisements
    • 29 22 Shipping line seeking reliable |gqisti« partners Can tzhey find your services Here in -the Shipping Times? TO ADVERTISE, CALI IOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIIVIES
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  • Page 23 Advertisements
    • 30 23 Experienced sh/p maintenance services wanted, i Shipping Times? Legal services required by shippers owners TO ADVERTISE, CALL JOE WOIMG AT Can they find your services here in the Shipping Times?
      30 words

  • executive lifestyle
    • Making most of hobbies
      • 649 24  -  By GEOFFREY EU AT 25, Nicholas Lin has energy, enthusiasm and talent to burn and the confidence that comes with success at an early age. Since his early teens, he has been adept at turning hobbies into pay cheques, and with various interests at
        LIONEL LIN  -  649 words
      • 640 24  -  Hobbies are usually something that people enjoy for the fun of it. But, for some people, their passion goes beyond just ‘leisurely pastime’. EXECUTIVE LIFESTYLE speaks to some of those who have turned their hobbies into sideline businesses By AMANDA DE GUZMAN
        640 words
      • 622 24  -  By AMANDA DE GUZMAN THROUGHOUT her life, Leslie Goh has been able to translate her innate creative streak into several successful careers: She has been a copywriter at a prestigious advertising agency, a fashion buyer, and a designer for her store Scandal, the
        JOHN HENG  -  622 words
    • COVER STORY/GAMING
      • 648 25  -  MAKING MOST OF HOBBIES By CHEAH UI-HOON IT started with an interest in gemstones and collecting them, a hobby which took K K Lim and his wife to many countries, from Myanmar to the United States, Cambodia to Japan and Hong Kong for
        PHOTOS: YEN MENG JIIN  -  648 words
      • 635 25  -  Risen doesn’t rise to the occasion on far too many levels, says CHRISTOPHER LIM CHRISTOPHER LIM BIOWARE’S space opera Mass Effect 2, which hit stores this week, is without doubt the action role-playing game (RPG) of the moment, but it’s hardly the sole
        635 words
    • CINEMA
      • 590 26  -  Unsatisfactory resolution spoils otherwise taut, well-packaged Edge of Darkness, says GEOFFREY EU GEOFFREY EU THERE’S some grey in the hair now and way too many lines on his face but at 54, Mel Gibson still makes a pretty believable action hero talking tough, shooting straight and beating up
        590 words
      • 482 26  -  By AMANDA DE GUZMAN LADIES and gentlemen, boy and girls at least those of age step right up for the cinematic circus of the year, a fabulous ride through the Imaginarium of iconoclast director Terry Gilliam. The Imaginarium of Dr Parnassus, the latest from contemporary
        BLOOMBERG  -  482 words
      • 492 26  -  DVD REVIEW By CHRISTOPHER LIM NOTHING makes one more grateful for a peaceful life than a voyeuristic story of seduction and betrayal laced with generous doses of drugs, sex and emotional drama. Sex Lies in Sin City is a biographical film based on the true
        492 words
      • 551 26  - Nobody’s perfect but everyone’s fine By GEOFFREY EU HE’S played cool cops and deadly mafia dons, angry boxers and psychopathic cab drivers, and even an anal retentive ex-CIA agent all to memorable effect. But now, as he approaches the latter stages of a stellar film career, Robert De Niro takes
        BLOOMBERG  -  551 words
    • ARTS
      • 915 27  -  EMILYN ANG explores the reclusive land of Turkmenistan through the eyes of Izzat Klychev EMILYN ANG TURKMENISTAN, a totalitarian country in Central Asia, brings to mind Soviet days with a planned economy, repression and a one-par-ty Communist state. It was as late as
        PHOTOS: YEN MENG JIIN  -  915 words
      • 706 27  -  By MADHVI SUBRAHMANIAN IT may sound like an oxymoron but Classic Contemporary is the title of the latest contemporary art show at the Singapore Art Museum. The rather cheeky title captures the essence of the show, which represents the most iconic contemporary artworks
        706 words
      • 949 27  -  By CHEAH UI-HOON FOR a theatre company which is celebrating its 20th anniversary, one would expect a “retrospective” of its iconic plays. But for Drama Box, Singapore’s premier Chinese-language theatre company, the restaging of key plays in Singapore’s lexicon of Chinese theatre works is more important than
        FILE PHOTO  -  949 words
    • WINE/ARTS
      • 1147 28  -  Comfort wines, like comfort food, are old friends, says N K YONG N K YONG COMFORTfood we all know what that means. It is the food we grew up with, the f oo d we have become familiar with after eating it for so
        1,147 words
      • 925 28 NYT [NEW YORK] After a museumgoer’s trip and fall opened a rip in The Actor, a centu-ry-old Picasso painting, at the Metropolitan Museum of Art last week, officials there assured the public that nightmarish as accidents are at a place entrusted with protecting priceless
        NYT; BLOOMBERG  -  925 words
    • PURSUITS
      • 629 29  -  As El Bulli shuts in 2012 and 2013, the door is wide open for contenders to renowned chef’s throne, reports JOYCELYN TULLY in Madrid RESTAURANTS JOYCELYN TULLY AFP EL Bulli will soon be shut, but the king is not abdicating his throne just yet.
        AFP  -  629 words
      • 619 29  -  CD REVIEW By CHRISTOPHER LIM JAZZ is one of the more diverse musical genres, and this week’s round-up which ranges from straight-ahead to fusion shows off the breadth of styles that lies beneath the blanket category. All three of Hiromi Uehara’s last three albums have
        619 words
      • 669 29  -  CONCERTS By CHRISTOPHER LIM The ‘Timbre Rock Roots’ festival will happen on March 26-27 at the Marina Promenade, with gates opening at 6pm and performances starting at 7pm; tickets $88-$178, excluding $2 handling fee from bytes.sg ALTHOUGH Timbre Music has brought in acts spanning
        669 words
      • AROUND TOWN
        • 227 29 ETERNITY by Fuchsia Lane Celebrating Art in Fashion and Weddings is a three-week long exhibition that will showcase a series of eight art-inspired gowns by local designer Vivienne Lin in collaboration with three local artists, Justin Lee, Susan Ong and Adeline Yeo. Adapted from the
          227 words
        • 195 29  -  Compiled by AMANDA DE GUZMAN DURING her stay in Singapore during a residency programme, artist Natalya Hughes was somewhat overwhelmed by the mixture of cultures, foods, religions, customs, sounds and sights. In a response to this new environment, her works of watercolour on
          195 words
    • FESTIVALS AROUND THE WORLD
      • 875 30  -  This year’s Sydney Festival explores what it means to be happy in society today. ELISSA BLAKE reports ELISSA BLAKE HAPPINESS. Must it be fleeting? Can we look for it? If we find it, can we sustain it? The search for happiness is the overarching theme of
        STEPHEN OXENBURY, WOLFGANG KRICHNER; TOURISM AUSTRALIA  -  875 words
      • 99 30  -  By JOYCE HOOI WHILE the Sydney Festival 2010 might officially run from Jan 9-30, the merrymaking continues well past the end of January for some of the events. The work of contemporary artists is being featured at the Campbelltown Arts Centre in a three-year project called
        99 words
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  • Page 26 Advertisements
    • 45 26 tab!lal THE HEARTBEAT OF THE INDIAN C NITY THOSAI IS TOPS V if r/ This simple, multicultural snack enhances the flavour of India ZARINE'S GOT ZEST AND BEAUTY r^ •v» -i f V, t GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
      45 words
    • 27 26 www.omy.sg omy is on iPhone! www.omy.sg Keep IS*** 0 65 7ft fVsjis-g. «S®;§ iliM Download for FREE now! r« Latest news Latest food guides Latest lifestyle trends
      27 words


  • Page 28 Advertisements
    • 136 28 Wi U I am totally delighted with my Vintec wine cabinet; it combines elegance and functionality of the highest order. The ability to have wines stored at two temperatures is extraordinary, allowing to keep reds at the optimum temperatures for service throughout the summer and of course white wines at
      136 words
    • 18 28 Head to CATS FASTADS in The New Paper for job opportunities! MATS BUY IT SELL IT FIND IT
      18 words
  • Page 28 Miscellaneous
    • 299 28 CRYPTIC CROSSWORD Across 1 Tired out intellectual is not very helpful (11) 9 Pluck the strings (4) 10 Brief cry of punter foundering (11) 11 Group of musicians or it could be (4) 14 Caress a girl on the knee (7) 16 Remains within easy reach of Naples (7) 17
      299 words


  • Page 30 Advertisements
    • 127 30 115! THE ASCOTT LIMITED A Member of CapitaLand Welcome to China! The world's fastest growing economy demands an equally dynamic partner. With 25 properties across 12 cities amounting to 5,000 serviced residence units, Ascott is the largest international serviced residence owner-operator in China. Our invaluable local knowledge and global service
      127 words
    • 12 30 Brought to you by Ascott This series is brought to you by
      12 words