The Business Times, 26 January 2010

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Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Tuesday, January 26,2010
    23 words
  • Article, Illustration
    Lock icon Growth steroids for flagging productivity
    623 1  -  S’pore aims to raise productivity growth to 2-3% a year over the next decade: PM Lee By CHUANG PECK MING [SINGAPORE] Singapore has its work cut out as it aims to crank up its productivity growth and restructure its economy over the next 10 years.
    BRYAN VAN DER BEEK/THE STRAITS TIMES  -  623 words
  • Article
    Lock icon MARKETS DIGEST
    141 1 ST INDEX 2,811.71 (-8.00) ST INDEX FUTURES 2,811.00 (-8.00) SIMSCI 336.76 (-0.98) SIMSCI FUTURES 336.40 (-0.50) FOREX US$ S$ US$ (S$ per US$) 1.402 (US$/S$ per 1.615 2.264 EURO (US$/S$/E) 1.416 1.984 Foreign currency per US$ S$ YEN 90.20 64.40 RM 3.403 2.427 HK$ 7.772 5.544 BAHT 33.01
    141 words
  • Article
    Lock icon Horizon Towers saga roars back to life with new lawsuit
    815 1  -  Suit filed against some members of original sales panel By MICHELLE QUAH [SINGAPORE] A fresh lawsuit has just been filed over the failed en bloc sale of Horizon Towers and a new chapter in the long-running saga is about to
    815 words
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      166 1 OPINION The road to world domination, via China PAGE 24 MBA RANKINGS NTU’s smiling but a setback for NUS PROPERTY JTC to launch Biopolis Phase 4 PAGE 30 EMERGING ENTERPRISE Award winner Screentech ready to light the way PAGE 11 PAGE 3 Renewing political system is toughest challenge: PM Lee,
      166 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      550 2 Growth steroids for flagging productivity SINGAPORE has its work cut out as it aims to crank up its productivity growth and restructure its economy over the next 10 years. Prime Minister Lee Hsien Loong said yesterday: “We must improve this to 2-3 per cent per annum. This will
      550 words
    • Article, Illustration
      Lock icon EDB sees investments rising as global economy recovers
      620 2  -  Last year, companies worldwide brought in $11.8b of fixed asset investments By TEH SHI NING [SINGAPORE] As the world economy recovers and turns its investment focus to Asia, Singapore’s Economic Development Board (EDB) expects to attract greater investment commitments this year than
      FILE PHOTO  -  620 words
    • Article
      Lock icon Renewing political system is toughest challenge: PM Lee
      550 2  -  By CHUANG PECK MING [SINGAPORE] Updating the political system, restructuring the economy and tackling the population shortage. All are tough challenges, and big priorities for the government. But the toughest of the three is renewing the political system, indicated Prime Minister Lee
      550 words
    • Article
      Lock icon China firm eyes US$1b equity funds
      597 2 New Horizon Capital founders include son of PM Wen Jiabao Reuters [HONG KONG] New Horizon Capital, whose co-founders include the son of Chinese Premier Wen Jiabao, aims to raise a US$1 billion private equity fund to invest in domestic industry leaders ready to make
      Reuters  -  597 words
    • Article
      Lock icon NTU’s smiling but a setback for NUS
      575 3  -  FT’s ranking of MBA programmes brings mixed fortunes for Singapore’s unis By LEE U-WEN [SINGAPORE] The Nanyang Business School’s (NBS) flagship Master of Business Administration (MBA) programme has again been placed among the top 30 in the world by the Financial Times (FT).
      575 words
    • Article
      Lock icon Dec home sales fall more than expected after 3-month surge
      328 3 LATEST US DATA AFP [WASHINGTON] Sales of existing homes in the United States fell more than expected last December, by nearly 17 per cent, following a three-month surge driven by a government tax credit, an industry organisation said yesterday. The
      AFP  -  328 words
    • Article
      Lock icon China-US Internet row widens
      493 3 Beijing denies involvement in Internet attacks, defends its online restrictions Reuters AP [BEIJING] China widened its attack against US criticisms of Internet censorship yesterday, raising the stakes in a dispute that has put Google in the middle of a political quarrel between the two global powers.
      Reuters; AP  -  493 words
    • Article, Illustration
      Lock icon Signs of a mild property fever as private home sales gather pace
      974 3  -  Developers have sold over 900 units this month as bullish sentiment returns By KALPANA RASHIWALA [SINGAPORE] Developers have sold more than 900 private homes so far this month based on BT’s poll of developers and property agents and
      974 words
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      472 2 KPMG Seminar Series SINGAPORE Money Markets On and off-balance sheet short term interest rate instruments Dates 4-5 March 2010 Time 9.00am to 5.00pm Venue Orchard Hotel Singapore Seminar Fees Client SS918 per participant KPMG Alumni SS918 per participant Non-client S$1048 per participant Group discounts are available for multiple sign-ups from
      472 words
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      130 3 sStasK V .V > \S x>\\ L* :>>>•' mxa Serviced Offices Cost effective office and IT solutions Best address, best receptionist, best support Flexible lease terms starting at just one month All for less than the cost of a secretary W servcorp.com.sg HSERVCORP Servcorp Virtual Offices The most professional business
      130 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Keppel Land to launch 5,500 homes in Asia
      599 4  -  Fourth quarter net profit jumps 56%; group on the prowl for more land By UMA SHANKARI KEPPEL Land, which saw fourth-quarter earnings jump 56 per cent as property markets across Asia recovered, said it plans to launch more than 5,500 homes across
      KEPPEL CORPORATION  -  599 words
    • Article
      Lock icon Energy IPOs coming this year: E&Y
      438 4  -  By RONNIE LIM WITH energy market sentiment staying “relatively positive” amid rising economic expectations, a number of energy initial public offerings (IPOs) are planned for 2010, with investor interest expected to increase in the sector, says Ernst Young (E&Y) in its latest oil-and-gas (O&G)
      438 words
    • Article, Illustration
      Lock icon Former StarHub chief joins ST Telemedia
      254 4  -  By WINSTON CHAI FORMER StarHub chief executive Terry Clontz has joined the operator’s parent company Singapore Technologies (ST) Telemedia less than a month after relinquishing the top job. BT understands that Mr Clontz has taken up the newly-created role of managing director of ST
      254 words
    • Article
      Lock icon FM Hldgs explains why its sponsor, directors quit
      374 4  -  By CHEW XIANG FM Holdings yesterday said its two independent directors and its Catalist sponsor quit because they were not given financial statements on time and also disagreed with the managing director over a transfer of his shares. The company, which makes
      374 words
    • Article
      Lock icon Reporting rules amended for related party deals
      479 5  -  Move exempts govt-linked firms besides providing greater clarity By MICHELLE QUAH SINGAPORE’S rules on the disclosure of related party transactions have been amended to exempt govern-ment-related entities, as well as to provide greater clarity on general reporting guidelines. FRS 24 Related Party Disclosures
      479 words
    • Article
      Lock icon Q4 distribution per unit halves at First Ship Lease Trust
      373 5  -  1.5 US cent payout unchanged from preceding quarter’s By VINCENT WEE FIRST Ship Lease Trust (FSLT) has declared a fourth-quarter distribution per unit (DPU) of 1.5 US cents, unchanged from that of the preceding quarter but down by half from
      373 words
    • Article, Illustration
      Lock icon EDB arm takes stake in CWT
      275 5  -  By WINSTON CHAI LOGISTICS firm CWT Limited will raise around $12.6 million through the sale of new shares to a fresh institutional investor EDB Investments (EDBI). According to a CWT statement released yesterday, the investment arm of the Singapore Economic Development Board has subscribed
      FILE PHOTO  -  275 words
    • Article
      Lock icon GMG aims to double output in 2-3 years
      236 5 Reuters SINGAPORE-based rubber plantation firm GMG Global plans to more than double its output in two to three years, partly through acquisitions in South-east Asia, its chief executive said yesterday. Elson Ng, who is also the president of the firm, told Reuters
      Reuters  -  236 words
    • Article
      Lock icon Six S’porelisted China firms can’t repay debt: SCMP
      336 5 Bloomberg [HONG KONG] Six of the 11 Chinese companies listed in Singapore that sold convertible bonds between 2005 and 2008 have said they are unable to repay debts, the South China Morning Post reported, citing an investor association official. The Securities Investors
      Bloomberg  -  336 words
    • Article, Illustration
      Lock icon FCT distributable income up 15%
      434 7  -  Q1 gross revenue up 19.6%, with net property income surging 24% By JOYCE JOYCE HOOI FRASERS Centrepoint Trust (FCT) reported a distribution per unit of 1.91 cents for its first quarter ended Dec 31 2009, a 14.4 per cent increase from 1.67 cents for the
      434 words
    • Article
      Lock icon At a glance
      120 7 At a glance Q4 ended Dec 2009 Full year ended Dec 2009 NET PROFIT (S$m) TURNOVER (S$m) NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 Keppel Land 280.42 227.67 23.2 923.87 842.17 9.7 106.85 68.54 55.9 300.46
      120 words
    • Article
      Lock icon Suntec Reit’s Q4 DPU edges up
      385 7  -  This brings 2009 DPU up 6.2% to 11.703 cents By JOYCE HOOI SUNTEC Real Estate Investment Trust (Reit) reported a distribution per unit (DPU) of 2.886 cents, for its fourth quarter ended Dec 31, 2009, one per cent higher year-on-year. This brings its DPU
      385 words
    • Article, Illustration
      Lock icon Sin Heng IPO priced at 26¢
      433 7  -  By KEITH CHEE SIN Heng Heavy Machinery, a heavy lifting service provider in Singapore, launched its initial public offering (IPO) of 168 million invitation shares yesterday at 26 cents each for a mainboard listing. The offer of 88 million new shares and 80 million
      ARTHUR LEE  -  433 words
    • COMPANY BRIEFS
      • Article
        Lock icon Celestial gets SGX reminder
        33 7 CELESTIAL Nutrifoods said it has received a letter from the Singapore Exchange on Jan 20, 2010, reminding the company to submit a trading resumption proposal by June 15, 2010.
        33 words
      • Article
        Lock icon Jiutian ex-CEO jailed for bribery
        96 7 JIUTIAN Chemical Group has learned that its former chairman and chief executive officer, Wang Xianjin, was reportedly convicted in November 2009 of accepting bribes amounting to 350,000 yuan (S$71,763) “from one customer” and sentenced to 12 years of imprisonment. The offence was committed “from April
        96 words
      • Article
        Lock icon Sunway posts loss of HK$172.6m
        47 7 SUNWAY International Holdings posted a net loss of HK$ 172.6 million (S$31.1 million) for the financial year ended Sept 30, 2009, almost double its HK$95.1 million net loss a year ago. Revenue for the year fell 13.7 per cent to HK$941.5 million.
        47 words
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      492 4 four 2>m/h(r Stperiehce g I Our group started with the popular Jack's Place J I C~ M H I CJ 111 v~ Steakhouse in 1966. We then evolved to include more y dining concepts. In each of our 4 dining concepts, our customers recognised our ability to add zing to
      492 words
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      68 4 Fantasy Waterbeds Pte Ltd Where Sleep Matters. Rest assured. Now you can finally experience complete holistic sleep and all the benefits that come with it. *Visit our Fantasy Sleep Centre for your ultimate sleep solutions. Waterbeds Latex Memory Foam Spring Mattresses Feather Down Pillows/Quilts Bedding Accessories more! #01 -15/16 The
      68 words
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      171 5 s< JDisawer £/l& fa i A > m 4/ Raffles Grand Hotel d'Angkor Indulge yourself in luxury while immersing in the rich heritage of Cambodia. Rejuvenate at Raffles Grand Hotel d'Angkor, the elegant tranquil retreat located near the awe-inspiring site of the Angkor Wat. If ft Ml 9"i«i in D
      171 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Bargain hunting pares STI loss
      575 6  -  Index ends with 8-point loss after plumbing new 5-week lows; heavy rotational activity in second liners, penny stocks STOCKS VEN SREENIVASAN Senior Correspondent WHEN you have a slew of Wall Street earnings coming in through the week, interspersed by the January US consumer confidence numbers
      Source: Bloomberg  -  575 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Jan 25 VALUE CLOSE BT OB/OS -1053.0 -343.0 BT CADI -*****.0 -111.0 BT 10-day MA -*****.0 -106.0 FTSE ST Mid Cap 695.73 -3.99 FTSE ST Small Cap 563.82 -0.10 FTSE ST All Share 698.58 -2.22 FTSE ST China Top 296.06 +1.73 FTSE ST China 302.46 +0.96 FTSE
      66 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 9 6 0 0 0 2 9 6 Manufacturing 39 65 76 1 8 13 40 73 89 Commerce 13 28 28 6 2 3 19 30 31 Tpt/Stor/Comms 11 23 9
      186 words
    • BROKERS’ TAKE
      • Article
        Lock icon CapitaMall Trust
        234 6  -  Jan 25 close: $1.75 DBS GROUP RESEARCH, Jan 25 Compiled by JOYCE HOOI Q4 2009 revenue of $140 million was 4.2 per cent higher y-o-y while net property income improved a higher 11.8 per cent to $96 million with cost savings from property and operating expenses. Distribution income
        234 words
    • Article, Illustration
      Lock icon Negative signals starting to emerge
      248 6  -  CHART POINT By KEN TAI By Senior Technical Strategist KELIVE RESEARCH (Part of the Kim Eng Group) WHAT was supposed to be a pause in the rally turned out to be a rout last week as global equity markets were rattled by two unrelated events
      248 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 6 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 29,318 29,318 80,692 80,692 Manufacturing 610,805 14,900 625,705 285,866 833 286,699 Commerce 214,216 14,169 228,385 115,258 4,054 119,312 Tpt/Stor/Comms 133,876 26,194 160,070 241,276 6,927 248,204 Finance 31,768 31,768 185,568 185,568 Construction 77,323 14,202 91,525 31,788
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 6 Stock name Close Change CapitaLand 4.040 -0.030 CapitaMall 1.750 -0.030 CityDev 11.000 ComfortDelGro 1.630 -0.010 Cosco Corp 1.320 DBS Grp 14.700 -0.120 F&N 4.360 +0.080 Genting SP 1.210 -0.010 Golden Agri 0.535 -0.010 HK Land 4.670 +0.010 JMH 29.820 -0.180 JSH 17.400 -0.120 Jardine C&C 25.600
      113 words
    • Article, Illustration
      Lock icon Euro rises on demand for Greek bonds
      526 6 CURRENCIES Reuters [LONDON] The euro rose against the US dollar and the yen yesterday as an offer of five-year Greek sovereign bonds met strong demand. Technical support also boosted the single currency against the US dollar, analysts said, while traders booked profits on
      Reuters; REUTERS  -  526 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME ChinaSports 193,536,000 Pac Andes 111,870,000 Genting SP 98,564,000 Golden Agri 72,404,000 Bio-Treat 68,924,000 Healthway 61,633,000 Sunmoon 43,579,000 Novo Grp 39,827,000 LKH 34,162,000 Synear 30,723,000 VALUE($) Genting SP 119,010,112 SingTel 81,148,210 DBS Grp 65,302,684 CapitaLand 62,571,570 Keppel Corp 44,080,818 UOB 43,262,110 OCBC Bk 40,029,610 Pac Andes 39,651,150
      57 words
    • Article
      Lock icon RISES
      107 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 215.7 1.4 DBXT S&P Short 10US$ 5470 112.1 1.5 GLD 10US$ ***** 78.5 0.5 DBXT FTChina25 10US$ 2858 53.2 1.3 HL Asia 371 22.0 6.3 F N.ES.1001 440 14.0 3.3 STXPO 100 1554 14.0 0.9 OCC 3.93% NCPS10 8520 10.0 0.1
      107 words
    • Article
      Lock icon FALLS
      130 6 BY CENTS CLOSE DOWN DBXT DJE50 10US$ 4203-357.2 -5.7 DBXT MSEurope 10US$ 4189-276.0 -4.5 Lyxor India Nifty 10 1520 -65.0 -4.1 Lyxor US DJIA 10 US$ 1037 -51.8 -3.4 UOB 5.05%NCPS 100 ***** -36.0 -0.3 Jardine C&C 2560 -30.0 -1.2 DBXT MSKorea 10US$ 4686 -28.0 -0.4 DBXT FTVietnam 10US$
      130 words
    • Article
      Lock icon CURRENCIES
      87 6 Where S$ stands Jan 25 CHNG YR 2010 CLOSE FR Jan 22 S$ LOW S$ HIGH US$ 1.3996 0.14 1.4045 1.3869 Euro 1.9813 -0.01 2.0153 1.9723 Pounds 2.2606 0.64 2.2736 2.2242 A$ 1.2682 0.21 1.2923 1.2617 Yen* 1.5506 0.01 1.5508 1.5027 Rupiah* 0.***** 0.19 0.***** 0.***** Baht* 4.2444 0.11
      87 words
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      180 6 Disclaimer: All analyses, recommendations and other information herein are published for general information. Readers should not rely solely on the information published and should seek independent financial advice prior to making any investment decision. The publisher accepts no liability for any loss whatsoever arising from any use of the information
      180 words
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      650 7 UBS Equity Fund Management Company S.A. Registered Office: 33A avenue J.F. Kennedy, B.P. 91, L-2010 Luxembourg Trade register: Luxembourg B 31.834 TVA Identification number: LU 218 429 23 Phone number: *****0 6672 Fax number: *****0-6249 Notice to unitholders of UBS (Lux) Equity Fund Asian Consumption The Board of Directors of
      650 words
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  • SINGAPORE NEWS
    • Article
      Lock icon PM Lee envisages a different kind of graduate from SUTD
      628 8  -  One ‘with passion, ability, dreams to go and do something to change the world’ By LEE U-WEN GRADUATES of Singapore’s fourth publicly funded university should go beyond the knowledge they gain from textbooks and ensure they use their new skills
      628 words
    • Article, Illustration
      Lock icon DBS branch all decked out for CNY
      210 8  -  By ARTHUR LEE THE banking hall window at DBS Bank’s Shenton Way branch is now brightly decorated with the warm colours of the Chinese New Year. The bank also started the exchange of new notes for the festive season at all its 80
      ARTHUR LEE  -  210 words
    • Article
      Lock icon Kuwait Finance House S’pore cuts workforce
      208 8 THE Singapore operation of Islamic bank Kuwait Finance House (KFH) has cut its workforce as part of a plan to streamline its regional fund management business, a director said yesterday. The decision to reduce Kuwait Finance’s Singapore headcount to two from about eight comes
      208 words
    • Article
      Lock icon 2009 customer satisfaction up slightly: poll
      413 8  -  Finance, health care lift index but all other sectors ebb By UMA SHANKARI CUSTOMER satisfaction levels in Singapore rose slightly last year, according to a survey of more than 30,000 respondents. The overall national score for the 2009 Customer Satisfaction Index of Singapore (CSISG)
      413 words
    • Article
      Lock icon CPI rises 0.2% on healthcare, food costs
      508 8  -  Transport and communication costs decline by 2.4% By ARTHUR SIM SINGAPORE’S CPI inflation increased 0.2 per cent in 2009. While this was lower than the corresponding increase of 6.5 per cent in 2008, the Singapore Department of Statistics (SDS) did highlight that the
      508 words
    • Article
      Lock icon Eleven named NRF research fellows
      323 8  -  Third batch of scientists to join programme takes total to 29 By NISHA RAMCHANDANI ELEVEN young scientists have been named National Research Foundation (NRF) Research Fellows in the third year of the programme, which takes the total number of NRF Research Fellows to 29. The
      323 words
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      456 8 IMJ5 TRUST FIRST SHIP LEASE TRUST (a business trust constituted on 19 March 2007 under the laws of the Republic of Singapore) Managed by FSL Trust Management Pte. Ltd. ("the Trustee-Manager") NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN THAT the Transfer Books and Register of Unitholders
      456 words
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      16 8 Head to CATS FASTADS in The New Paper for job opportunities! [SATS BUY IT-SELL IT-FIND IT
      16 words
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  • SME Inc
    • Article, Illustration
      Lock icon Passion-fuelled performance
      1278 9  -  Challenging situations are not a problem for Yew Choon’s heavy cargo transportation business, reports VICTOR KATHEYAS reports VICTOR KATHEYAS WHEN asked about his outlook for the future, Neo Hock Chong, managing director of Yew Choon Pte Ltd, replied that he was optimistic. “We are quite stable,” he said.
      ARTHUR LEE  -  1,278 words
    • Article, Illustration
      Lock icon Making a green wish come true
      1044 10  -  The desire for cleaner burning fuel for the shipping industry led one man to initiate a radical project, reports VINCENT WEE reports VINCENT WEE THERE is often a gap between wanting to work towards a better world and raw commercial considerations but Jenjosh Group
      1,044 words
    • Article, Illustration
      Lock icon Family ties keep Cyclect together
      961 10  -  The third generation of Cyclect continues to grow and evolve its business By KEITH CHEE AMERICAN journalist and leading feminist Letty Cottin Pogrebin once said: “If the family were a fruit, it would be an orange, a circle of sections, held together but separable each
      YEN MENG JIIN  -  961 words
    • Article
      Lock icon Managing foreign exchange risk
      755 12 Businesses need to understand the issues associated with such risks and the options available to manage them This article is contributed by CPA Australia WITH the global nature of business and the weakness of the US dollar (and currencies pegged to the US dollar, such as
      This article is contributed by CPA Australia  -  755 words
    • Article
      Lock icon Only S-chips make gains in portfolio
      427 12  -  By TEH HOOI LING S-CHIPS were the only stocks to make any gains in our small caps portfolio in the last five trading sessions to yesterday. The gains were all the more impressive against the generally weak market sentiment. Topping the table in terms
      427 words
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      73 9 Noel BIG Value Abalone Hampers!* Pay less for BIG value! Limited Sets! Deliver by 2 Feb 2010! T: 6299 1155 F: 6293 3522 www.noelgifts.com Noel Gifts International Ltd 7Tai Seng Drive #03-01 S*****8 Normal Business Hours: Monday to Friday 8.30am to 6pm Saturday 8.30am to 2pm NOEL Extended Business Hours:
      73 words
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      978 10 Looking for IT Outsourcing? Stone Forest IT (SFIT) is a leading provider of IT Outsourcing Services. Our clients include leading legal firms, SMEs and foreign firms. Our firm's reputation is built on practical advice, proactive client servicing and a proven methodology. We provide businesses with one-stop shop service, from IT
      978 words
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  • EMERGING ENTERPRISE
    • Article, Illustration
      Lock icon With winning comes greater credibility
      631 11  -  The Emerging Enterprise 2009 Award has been a great help to Screentech in terms of exposure and marketing, reports KEITH CHEE reports KEITH CHEE LIKEagoodstrategist,Calvin Lim, the managingdirector of Screentech, has been gatheringhis resources and planning for the last year, waiting for everything to fall
      631 words
    • Article, Illustration
      Lock icon Investing in employees the NUS Extension way
      603 11  -  Having staff undergo training can boost productivity By NISHA RAMCHANDANI IF there’s one sure-fire investment that’s bound to pay off, it’s investing in the staff of a company. “People are the life-blood of the business. Investing in them is definitely the right way
      FILE PHOTO  -  603 words
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      182 11 pgnerflwig Emerge as this year's top business player The Emerging Enterprise Award returns to recognise Singapore's most enterprising SMEs. This year, up to three SMEs will each receive up to S$390,000 in cash*, grants and professional services. To put your business in the winning league, sign up now at www.asiaone.com/EE2010,
      182 words
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      370 12 The Inaugural Asian Business Angel Forum 2010 GUEST OF HONOUR MR LEE Yl SHYAN Minister of State for Trade Industry and Manpower PROUDLY ORGANISED BY: bonseo 8 to 9 March 2010Pan Pacific Marina Singapore SEEDING ASIA'S HIGHTECH FUTURE FORUM OVERVIEW The Forum is the inaugural event in Asia for Angels
      370 words
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      105 12 Voices We are extending the deadline to last week’s topic: The Hai Phong Vietnam-Singapore Industrial Park certainly holds plenty of promise thanks to clear support from both governments. As an SME looking to expand, do you see opportunities there and, if so, what are those opportunities? If you are an
      105 words
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      234 13 BRIGHT ID <!)NESTOP business made easy Usher in the festive season with unlimited FREE mobile calls all year round. Introducing SingTel's CallZone Broadband Solution get free outgoing mobile phone calls when you're in the office and the fastest business broadband in town. \decis r° Y swart buw? yje5 THE VERY
      234 words
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  • ECONOMY WATCH
    • Article
      Lock icon Japan manufacturers’ confidence recovers
      702 14 Sentiment in the service sector improves for first time in three months Reuters [TOKYO] Confidence among Japanese manufacturers has recovered to its highest level since the financial crisis hit, as strong exports to resurgent Asian markets raise hopes of a steady global recovery, a Reuters poll
      Reuters  -  702 words
    • Article, Illustration
      Lock icon Haiti may take 25 years to recover: envoy
      884 14 Total loss from quake is estimated to hit US$1 billion AP Bloomberg [PORT-AU-PRINCE, HAITI] The deadliest earthquake in more than 200 years not only flattened homes and stole hundreds of thousands of lives. It also collapsed an economy that was nearly in
      AP; Bloomberg  -  884 words
    • Article
      Lock icon Philippines unlikely to move interest rates soon
      415 14 Bloomberg [MANILA] The Philippine central bank said interest rates will be the last to move when it unwinds stimulus measures implemented to fight last year’s global recession, suggesting it will keep borrowing costs unchanged. “We have already an exit strategy put in place,”
      Bloomberg  -  415 words
    • Article
      Lock icon Climate talks’ antioil bias a threat to Saudis: official
      398 14 AFP [RIYADH] Global climate talks are biased against oil and pose a “scary” threat to Saudi Arabia’s economy, a top official said here on Sunday, defending Riyadh’s stance on efforts to harness greenhouse gas emissions. Mohammed al-Sabban, the country’s top climate
      AFP  -  398 words
    • Article
      Lock icon World bank praises China lending curbs
      339 14 Says small steps to test market reaction is ‘best way’ to start AFP [BEIJING] The World Bank said yesterday that recent moves by China to clamp down on rampant lending were the “best way” to tackle the problem of rising inflation and the threat
      AFP  -  339 words
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      2395 15 Keppel Land Keppel Land Limited Co Reg No: *****0001G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE FULL YEAR ENDED 31 DECEMBER 2009 The Directors of Keppel Land Limited announce the following unaudited results of the Group for the full year ended 31 December 2009: Notes (1)
      2,395 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon MAS gets nod for RM2.67b rights issue
      539 16  -  1 -for-1 exercise set at RM1.60 per share, a 32% discount to ex-rights price By S JAYASANKARAN MALAYSIA Airlines has received approval from shareholders for a proposed RM2.67 billion (S$1.1 billion) rights issue to finance fleet expansion. Priced at RM1.60 each, the rights
      539 words
    • Article
      Lock icon Too early to name new chief: Danamon
      134 16 Reuters [JAKARTA] Indonesia’s PT Bank Danamon said yesterday it was too early to name a new president director, after saying current CEO Sebastian Paredes has submitted his resignation. The bank’s finance director did not give a reason for the resignation, which will be
      Reuters  -  134 words
    • Article
      Lock icon AirAsia set to take off in India
      613 16  -  6 new routes sealed amid a slew of other M’sia-India deals By PAULINE NG BUDGET carrier AirAsia is set to announce six additional routes to India in a move which not only underscores the airline’s aggressive expansion into one of Asia’s most promising
      613 words
    • Article
      Lock icon Offer undervalues EONCap: chairman
      231 16 Bernama [KUALA LUMPUR] Hong Leong Bank Bhd’s offer to acquire EON Capital Bhd’s (EONCap) assets and liabilities significantly undervalues the company, EONCap said. EONCap chairman Syed Anwar Jamalullail said the bank had sought clarification from Hong Leong Bank on a range of details in its acquisition
      Bernama  -  231 words
    • Article
      Lock icon Astra names Prijono Sugiarto as acting chief
      156 16 Reuters [JAKARTA] Indonesia’s Astra International, the country’s leading automotive distributor, has appointed Prijono Sugiarto as acting president director, it said yesterday. Previous CEO Michael Ruslim, 56, died of dengue fever and other complications on Wednesday last week in a Singapore hospital. “Prijono Sugiarto,
      Reuters  -  156 words
    • Article, Illustration
      Lock icon Fitch upgrades Indonesia’s sovereign rating
      605 16 Reuters [HONG KONG] Fitch Ratings upgraded Indonesia’s sovereign rating yesterday to one notch below investment grade, giving a vote of confidence that is likely to spur further investments in South-east Asia’s biggest economy. Indonesia’s rating was raised to BB plus, with Fitch citing rising foreign
      Reuters; REUTERS  -  605 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Chinese firms tapping US$1.1b in five HK IPOs this week
      955 17 Offerings follow US$2.2b float of Russian aluminium giant UC Rusal Reuters AFP [HONG KONG] Five Chinese companies are targeting up to a combined US$1.1 billion from initial public offerings in Hong Kong this week, reinforcing the fund-raising wave that made
      Reuters; AFP; BLOOMBERG  -  955 words
    • Article, Illustration
      Lock icon GM sees need for new China plant as sales rise
      545 17 Reuters [SHANGHAI] General Motors (GM) expects it will need to build a new greenfield manufacturing facility in the near future in China to accommodate strong growth in the world’s largest auto market, but it will not be building a plant
      Reuters; BLOOMBERG  -  545 words
    • Article
      Lock icon Record low ‘buys’ for India on rate outlook
      660 17 BSE Index valued higher than China 1st time since Nov 2006 Bloomberg [LONDON] Investment strategists are cutting recommendations on India at a record pace after the country’s stocks surpassed China as the most expensive major emerging market for the first time since
      Bloomberg  -  660 words
    • Article
      Lock icon Strong Q4 seen for TSMC, UMC
      323 17 World’s top chip makers race to boost capital spending in 2010 Reuters [TAIPEI] Top contract chip maker TSMC is set to report its strongest profit in two years in the fourth quarter, and rival UMC could have returned to the black as a slew
      Reuters  -  323 words
  • Page 17 Advertisements
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      323 17 [•SATS NOTICES VONTOBEL FUND Societe d'lnvestissement a Capital Variable Registered Office: 69, route d'Esch, L-1470 Luxembourg Companies' Register: Luxembourg Section B-38.170 Invitation to the Annual General Meeting of the Shareholders The Annual General Meeting of the Shareholders ("the Meeting") of Vontobel Fund will be held at the premises of RBC
      323 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon S&P ceases rating on Dubai Hldg unit
      513 18 Withdrawal is due to lack of timely information and documents, it says Reuters [DUBAI] Standard Poor’s yesterday withdrew its rating on a unit of Dubai Holding, which is owned by the ruler of Dubai, saying the division’s cash position was “materially weaker” than
      Reuters  -  513 words
    • Article, Illustration
      Lock icon Slow recovery on track in US, survey reveals
      508 18 AP [NEW YORK] American businesses expect to boost hiring and capital spending in the first half of the year as the US recovery from the recession slowly continues, according to a new survey. Since the fall of 2009 demand has edged higher
      AP; REUTERS  -  508 words
    • Article
      Lock icon BHP, Rio Tinto face EU probe of iron-ore venture
      336 18 Bloomberg [BRUSSELS] BHP Billiton Ltd and Rio Tinto Group face a European Union investigation into whether their iron-ore joint venture restricts competition. EU regulators will probe whether the deal, which the companies have said will save them at least US$10 billion
      Bloomberg  -  336 words
    • Article, Illustration
      Lock icon Suu Kyi may be freed in November
      418 18 Reuters [YANGON] Myanmar prodemocracy leader Aung San Suu Kyi will be freed when her house arrest ends in November, according to a government minister quoted by witnesses on Monday. Home Minister Maung Oo told a Jan 21 meeting of local officials that the
      Reuters; AFP FILE PHOTO  -  418 words
    • WORLD WATCH
      • Article
        Lock icon AIG restricts use of corporate aircraft
        96 18 Reuters [BANGALORE] American International Group said it has restricted the personal use of corporate aircraft by its executives, other than its chief executive. In a regulatory filing, the company said the CEO may use the corporate aircraft if the personal use is incidental to
        Reuters  -  96 words
      • Article
        Lock icon Bain to buy Domino’s Pizza in Japan
        114 18 Reuters [TOKYO] US private equity firm Bain Capital yesterday said it would acquire the Japan franchisee of Domino’s Pizza as it sees opportunities in the country’s niche pizza delivery market. It would buy Japanese firm Higa Industries Co from Duskin Co, Daiwa SMBC
        Reuters  -  114 words
      • Article
        Lock icon Euro zone industrial orders beat forecast
        90 18 Bloomberg [DUBLIN] European industrial orders increased more than initially estimated in November from the previous month after the German government revised its data. Orders to industrial companies in the 16-nation euro area rose 2.7 per cent from October, when they declined 2.1 per cent,
        Bloomberg  -  90 words
    • Article
      Lock icon Sober Davos forum to focus on banking reform, Haiti
      611 18 AP [DAVOS, Switzerland] Responsible banks and aid for Haiti not invincible billionaires, high-charged diplomacy or rock stars are the watchwords at this year’s World Economic Forum (WEF) meeting at Davos. This rarefied Swiss resort will still host its share of bankers
      AP  -  611 words
    • Article, Illustration
      Lock icon Japan PM firm on decision about US base
      800 19 Lower House passes extra budget to finance 7.2t yen stimulus measures Reuters Bloomberg AFP [TOKYO] Japanese Prime Minister Yukio Hatoyama is standing by his conviction not to decide the fate of an American military base before the end of May, though an
      Reuters; Bloomberg; AFP; AP  -  800 words
    • Article, Illustration
      Lock icon Sam’s Club cutting 10% of jobs through outsourcing
      543 19 Reuters [SAN FRANCISCO] Sam’s Club, the warehouse club division of Wal-Mart Stores Inc, is cutting roughly 11,200 jobs, or about 10 per cent of its workforce, as it outsources in-store product demonstrations and eliminates positions used to recruit new business members. Sam’s
      Reuters; BLOOMBERG  -  543 words
    • Article
      Lock icon Picasso ripped after visitor stumbles into exhibit
      246 19 Bloomberg [NEW YORK] A Picasso painting, worth more than US$130 million by some estimates, was gouged last Friday at New York’s Metropolitan Museum of Art when a museum-goer fell into the artwork, leaving a six-inch gash. The 1904-1905 painting, The Actor depicting a
      Bloomberg  -  246 words
    • Article
      Lock icon Platinum demand seen growing; price to rise
      472 19 Bloomberg [LONDON] Platinum rose a record 57 per cent last year but the metal is still cheap relative to gold, signalling more gains as demand grows from car makers and exchange-traded funds. An ounce of platinum buys 1.42 ounces of gold, down 42
      Bloomberg  -  472 words
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  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      2100 19 advs IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ELEVENOFOUR PTE LTD Company Registration No. *****3448D (In Members' Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap 50, that the FINAL MEETING of the members of
      2,100 words
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  • WORLD
    • Article, Illustration
      Lock icon Obama’s major speech to focus on middle class
      709 20 Initiatives on tax credits and student loans meant to help struggling families NYT [WASHINGTON] President Barack Obama will propose in his State of the Union address a package of modest initiatives aimed at helping middle class families, including tax credits for child
      NYT  -  709 words
    • Article
      Lock icon US may revive UBS lawsuit after Swiss court ruling
      523 20 Bloomberg [NEW YORK] A Swiss court ruling that impedes the Internal Revenue Service’s ability to collect data on 4,450 UBS AG accounts may prompt the US to revive a lawsuit that shaped the IRS crackdown on offshore tax evasion. The case
      Bloomberg  -  523 words
    • Article, Illustration
      Lock icon S’pore-Lesotho ties go back 21 years
      550 20  -  Pact to be signed to export S’pore public sector expertise By LEE U-WEN ASK a group of friends if any of them can point out the Kingdom of Lesotho on the world map and chances are high you will get a few confused, if
      DESMOND WEE/THE STRAITS TIMES  -  550 words
    • Article
      Lock icon Banks target new fee stream in servicing hedge funds
      604 20 They plan to charge a fee to raise money for their clients Reuters [HONG KONG] After years of earning huge fees from hedge fund clients, investment banks are eyeing yet another way to extract revenue from these treasured customers. Banks such
      Reuters  -  604 words
    • Article, Illustration
      Lock icon Pound will lose, no matter who wins UK election
      454 20 Bloomberg [LONDON] No matter who prevails in this year’s election between British Prime Minister Gordon Brown and opposition leader David Cameron, the loser will be the pound because the next government may not have enough support in Parliament to rein in
      Bloomberg; BLOOMBERG  -  454 words
    • Article
      Lock icon Philips Q4 earnings beat analyst estimates
      289 20 Bloomberg [AMSTERDAM] Royal Philips Electronics, Europe’s biggest consumer electronics maker, posted a third consecutive quarterly profit, beating analysts’ estimates, aided by its health-care unit and shrinking fixed costs. Fourth-quarter net income was 251 million euros (S$498 million), or 27 cents a share, compared with
      Bloomberg  -  289 words
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  • AVIATION
    • Article, Illustration
      Lock icon BA trains pilots as cabin crew ahead of strike vote
      646 21 Bloomberg [LONDON] British Airways yesterday began training pilots, baggage handlers and engineers to take over the duties of flight attendants as its 12,000 cabin crew commence voting on a walkout over staffing reductions. British Airways has registered volunteers for a
      Bloomberg  -  646 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2893 21 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1240 SQ458 1415 Adelaide LH9771 1740 LH9770 2350 SQ268 1740 SQ269 2350 VS7268 1740 VS7269 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 QF81 1830 Ahmedabad AI7201 1900 NH6292 1900 SQ530 1900 Amsterdam LO4031 0610 AZ3993 0125
      2,893 words
    • Article, Illustration
      Lock icon Ethiopian plane with 90 people crashes off Beirut
      549 21 Plane took off in stormy weather; sabotage unlikely, says Lebanon Reuters [BEIRUT] An Ethiopian Airlines plane with 90 people on board crashed into the sea shortly after taking off from Beirut in stormy weather early yesterday morning and the airline’s chief executive
      Reuters; REUTERS  -  549 words
    • Article
      Lock icon Passengers cash in on Chinese airline’s fare glitch
      180 21 AFP [BEIJING] Hundreds of Chinese air travellers scored a major bargain when a computer glitch allowed them to buy online tickets from China Eastern Airlines for less than US$3. The Global Times reported that China’s third-largest carrier last week sold tickets, including
      AFP  -  180 words
    • Article
      Lock icon CEO of AIG jet leasing unit quits
      228 21 Reuters [NEW YORK] The chief executive of International Lease Finance Corp, the airline leasing company of American International Group, is expected to leave as soon as this week, the Wall Street Journal reported on Sunday, citing people familiar with the matter. The company
      Reuters  -  228 words
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      4227 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,
      4,227 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      301 21 CRYPTIC CROSSWORD Across 7 Refrain from terror engulfing world (7) 8 Most of those people having shellfish are stars (3,4) 10 Don’t he’s potentially caught in a difficult situation (2,3,4) 11 Flounce into empty theatre to find subject (5) 12 Able to follow exercise nut (5) 13 Revolutionary somehow ensuring
      301 words
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  • Article, Illustration
    Lock icon DP World’s volume slides 8%
    676 23 Group’s terminals performed better than market’s 12% average fall: analyst Bloomberg [DUBAI] DP World Ltd, the Middle East’s biggest port operator, said full-year volume declined 8 per cent, leading to a slide in profit, as the global financial crisis cut demand for consumer goods and
    Bloomberg; REUTERS  -  676 words
  • Article
    Lock icon Pacific LNG Ops mulls floating terminal for PNG project
    581 23 Bloomberg [SINGAPORE] Pacific LNG Operations Ltd, developer of a liquefied natural gas (LNG) venture in Papua New Guinea, may use a floating terminal to exploit reserves faster than a conventional plant, to help it attract equity partners. Pacific LNG and InterOil
    Bloomberg  -  581 words
  • Article
    Lock icon NOL reports big jump in container volumes
    129 23 Reuters [SINGAPORE] Neptune Orient Lines, the world’s fifth-big-gest container shipping firm, yesterday said that it carried 43 per cent more containers in the six weeks to Dec 25 versus a year ago. NOL said in a statement it carried the equivalent of 312,500
    Reuters  -  129 words
  • Article
    Lock icon Pirate skiff fails to board N Korean ship
    351 23 AP AFP [MANAMA, Bahrain] The US Navy says that it overtook a suspected Somali pirate skiff that tried to attack a commercial ship in the Gulf of Aden. A Navy statement issued on Sunday says that a security team aboard the merchant
    AP; AFP  -  351 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Raising the bar in aerospace expertise
      455 24 EDITORIAL SINGAPORE has been investing in its aerospace industry since the 1970s. Such forward thinking has brought broad benefits to the sector, which now accounts for a quarter of all of Asia’s aircraft maintenance, repair and overhaul (MRO) business. The main players in the
      455 words
    • Article, Illustration
      Lock icon The road to world domination, via China
      791 24  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group CHINA disclosed the other day that its foreign exchange reserves had increased to about US$2.4 trillion in 2009, a gain of US$453 billion for the year. These stupendous figures and the likelihood that
      The Washington Post Writers Group  -  791 words
    • Article, Illustration
      Lock icon China’s four phases of growth
      1082 24  -  The rise of its vertical economy will have important consequences for its trading partners By SHAHID JAVED BURKI FOR the last several decades the developing world has had a much higher rate of GDP (gross domestic product) growth than the developed world. This is particularly
      AP  -  1,082 words
    • Article, Illustration
      Lock icon Obama’s new populist push against Wall St
      1329 25  -  President and his aides hope new approach will help boost his political fortunes LEON HADAR Washington Correspondent AFTER one year in office and against the backdrop of growing anti-Wall Street anger among Americans being fuelled by continuing high unemployment rates and the signs
      AP  -  1,329 words
    • Article
      Lock icon Contra trading a proven source of liquidity
      550 25  -  LETTERS TO THE EDITOR Albert Fong President The Society of Remisiers (Singapore) WE refer to the Hock Lock Siew commentary “Time SGX moves to T+1, scrap contra” (BT, Jan 19). It is erroneous to blame contra trading for the less-than-desired outcome resulting from
      550 words
    • Article
      Lock icon Investors can expect more from CMA
      499 25  -  Basskaran Nair Senior Vice-President Group Communications and Corporate Marketing CapitaLand Limited WE refer to the Hock Lock Siew commentary “What’s ahead for CMA investors?” (BT, Jan 25). The article makes serious allegations which are wrong as they have absolutely no basis. CapitaMalls Asia (CMA)
      499 words
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      Lock icon Page 24 Advertisements Column 1
      39 24 The writer is a senior visiting fellow at the Institute of South Asian Studies. He is former vice-president of the World Bank and served as Pakistan’s finance minister in 1996-97. He has authored and edited several books on China
      39 words
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  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      103 25 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8874 26 Transaction date: Jan 25 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 16.5 unch 256 16.5 16 16.5 17 5 0.7 30 79 10 2.5 5834
      8,874 words
    • Article
      Lock icon SGX CATALIST
      1848 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 5.5 4.8 25 12 8538 t APStrategic 16 14 16 94.4 4 0.5 1501
      1,848 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9361 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.21/ APS Alpha Fund (USD)!** 0.86/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.72/ Aberdeen Asset Mgt Asia Limited American Opp 0.6486/ Asian Credit Fund 1.2193/ Asian
      9,361 words
    • Article
      Lock icon SGX ETF
      488 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 $mil 111 107 6389 ABF SG Bond ETF 107 107.1 110 488.4 846 427 CIMBAsean40 100US$ US820 819 823 32.8 298 149 DBS STI ETF
      488 words
    • Article
      Lock icon CLOB INTERNATIONAL
      78 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 $mil 56 20 6000 AVJennings A48 -1 10 48 48 48 50.5 3.6 7.3 3.8 125 31 6 6017 Genting HK US$ US23.5 -0.5 1423
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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 22 Index Change Change Change Change Change Change World Index Preliminary 826.9 -0.7 22.0 -0.5 22.9 -0.5 26.2 EAFE Preliminary 776.5 -1.1 19.6 -0.7 23.2 -0.7 26.5 Europe Preliminary 1099.1 -0.8
      365 words
    • Article
      Lock icon SICOM FUTURES
      199 28 Jan 25 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Feb 10 322.0 133.0 310.5 0 601 Mar 10 320.4 133.0 310.0 10 576 Apr 10 292.3 162.5 311.0 0 470 May 10 321.0 213.5 312.0 0 646 Jun
      199 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 28 Jan 25 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2570 1.2940 Can dollar 1.3200 1.3360 Euro 1.9740 1.9970 NZ dollar 0.9930 1.0140 Sterling pound 2.2480 2.2740 US dollar 1.3950 1.4100 Local dollars to 100 units of foreign
      132 words
    • Article
      Lock icon STOCK INDEX FUTURES
      29 28 Jan 25 Open High Sett STI Jan 2805 2805 2811 SIMSCI Jan 336.8 337.2 336.4 Taiwan Jan 284.8 285.0 282.3 Source: MF Global (S) Pte. Ltd
      29 words
    • Article
      Lock icon PALM OIL
      66 28 Jan 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 10 2470 2461 2480 2453 522 2466 Mar 10 2460 2466 2484 2456 1933 ***** Apr 10 2464 2469 2488 2460 6725 ***** May 10 2478 2470
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      359 28 Jan 25 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar10 99.7050 0 ***** Jun10 99.5850 0 6760 Sep10 99.3150 0 3278 Dec10 98.9450 0 3078 EUROYEN TIBOR FUTURES Mar10 99.5800 99.5800 99.5750 99.5750 252 4281 Jun10 99.6250 99.6250 99.6250 99.6150 0 1591 Sep10 99.6350 0 1666
      359 words
    • Article
      Lock icon INTERBANK RATES
      181 28 Jan 25 Bid $S Offer Bid Overnight 1/16 PAR 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 1/8 US$ 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
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 28 Jan 25 S$ Bid Offer 1-month 1.4013 1.4033 2-months 1.4016 1.4037 3-months 1.4019 1.4040 6-months 1.4028 1.4048 Source: OCBC
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    • Article
      Lock icon GOVERNMENT SECURITIES
      88 28 Jan 25 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 29.04.2010 0.47 0.45 0.44 1-Year BY*****N 01.11.2010 0.49 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****H 3.625 01.07.2011 104.36 5-Year N*****0N 1.375 01.10.2014 100.33 100.45 100.45
      88 words
    • Article
      Lock icon CHICAGO BOT
      105 28 Jan 22 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 10 951.50 954.00 957.00 945.50 May 10 959.25 961.00 963.75 952.75 Jul 10 964.75 966.00 969.00 958.25 Aug 10 958.25 960.00 962.00 954.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 10 36.71 37.00 37.09
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 28 CRUDE OIL PRODUCTS Jan 22 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 73.58 -1.64 WTI (Near Mth) 73.85 -1.79 Dubai (1-Mth F) 74.74 -1.19 Tapis blend 77.95 -1.15 Minas 77.30 -1.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 78.30 -0.70 Jet Kerosene 83.15 -1.70 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2452 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3.5 1 15 16 4.57 52 2036 Advance SCT Ltd W*****9 0.5 1 87 1844 9.00 7 8756 Asiatic Grp (H) Ltd W*****2 9.5 1 3
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    • Article
      Lock icon INTERBANK CROSS RATES
      465 28 Jan 25 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.955 6.187 0.640 7.043 41.833 84.644 0.818 10.421 3.084 1.269 76.696 41.905 1.270 6.885 0.943 28.968 29.911 0.561 0.906 Canada 1.047 6.477
      465 words
    • Article
      Lock icon LIFFE
      76 28 Jan 22 COCOA (£/tonne) Close Prev High/Low Mar 10 2340 2327 2344/2305 May 10 2341 2331 2347/2310 Jul 10 2322 2313 2325/2291 Sep 10 2292 2286 2291/2268 COFFEE (US$/tonne) Close Pev High/Low Jan 10 1325 1292 Mar 10 1360 1327 1367/1327 May 10 1393 1360 1400/1360 SUGAR (US tonne)
      76 words
    • Article
      Lock icon SIBOR
      85 28 Jan 25 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 28 Jan 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2692 1.2717 0.9060 0.9065 Canadian dollar 1.3287 1.3313 0.9485 0.9489 Euro 1.9828 1.9861 1.4154 1.4157 NZ dollar 0.9998 1.0027 0.7137 0.7147 Sterling pound 2.2619 2.2655 1.6146 1.6149
      154 words
    • Article
      Lock icon PRECIOUS METALS
      141 28 Jan 25 GOLD (US$/oz) Jan 22 Jan 25 Hong Kong 1095.60 1099.10 Jan 22 Jan 21 London 1091.60 1090.45 1092.40 1091.25 Source: Thomson Reuters CAST BAR Jan 25 (S$) Selling Buying Kilobar "53,259.25" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 118.77 50 5gm 339.19 248 10gm 604.55
      141 words
    • Article
      Lock icon LONDON METALS
      69 28 Jan 22 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2200.75 2208.75 3 months 2231.00 2239.00 Copper, Grade A (US$/tonne) Cash 7367.50 7250.75 3 months 7390.00 7275.00 Lead (US$/tonne) Cash 2213.75 2237.25 3 months 2237.00 2260.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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  • PROPERTY
    • Article, Illustration
      Lock icon Tishman Speyer, BlackRock turn properties over to creditors
      295 29 [NEW YORK] The financially troubled owners of two massive apartment complexes that sold for a record US$5.4 billion a few years ago said yesterday that they are turning them over to their creditors. The joint venture ownership led by Tishman Speyer Properties
      BLOOMBERG  -  295 words
    • Article
      Lock icon Mumbai selling office space at 2008 reserve price
      449 29 Bids, with a floor of 300,000 rupees per square metre, open on March 3 Bloomberg [MUMBAI] India’s financial capital plans to sell office space in an emerging business district at a minimum price of 4.35 billion rupees (S$132 million) in a deal
      Bloomberg  -  449 words
    • Article
      Lock icon Livingstones bid for NR Nordic
      220 29 Reuters [LONDON] UK property moguls Richard and Ian Livingstone have launched a 114.2 million euro (S$226.7 million) takeover bid for NR Nordic Russia Properties as interest in emerging European property rebounds. The Livingstone brothers, whose global property portfolio exceeds more than nine billion euros, have
      Reuters  -  220 words
    • Article, Illustration
      Lock icon JTC to launch Biopolis Phase 4
      490 30  -  It’ll have more facilities for pre-clinical trials; medical tech cluster also in the works at Tukang By EMILYN YAP THE government is ramping up development of the biomedical sciences sector, with plans to release another site at Biopolis for tender and set up a
      490 words
    • Article
      Lock icon IFM IPO may be hit by ‘bubble’ fears
      665 30 It plans to sell 16.65m ADS at between US$8.75 and US$10.75 each Reuters [NEW YORK] China’s IFM Investments Ltd’s initial public offering could suffer because of mounting fears about a slowdown in China’s booming real estate market. IFM has an exclusive franchise
      Reuters  -  665 words
    • Article
      Lock icon Nomura taking up 102,000 sq ft in MBFC
      216 30 NOMURA Singapore has joined other multinational corporations at Marina Bay Financial Centre (MBFC), Raffles Quay Asset Management (RQAM) announced yesterday. Nomura has signed up 102,000 square feet of space in MBFC’s Tower Two, and will occupy levels 34 to 37 of the
      216 words
    • Article, Illustration
      Lock icon Saudi Arabia to introduce mortgage law soon: official
      422 30 Bloomberg [RIYADH] Saudi Arabian central bank governor Muhammad al-Jasser said that the kingdom would issue its first mortgage law in the next few months, boosting the real estate industry and allowing banks to diversify their balance sheets. “I’m optimistic that in the
      Bloomberg; REUTERS  -  422 words
    • Article
      Lock icon UAE’s Habtoor eyes European hotels
      304 30 Reuters [DUBAI] Habtoor Group, a stakeholder in Barclays plc, has hired Rothschild to identify five-star hotel targets in Europe, its chairman said yesterday. The conglomerate, one of the United Arab Emirates’ largest family businesses, is also aiming to win up to US$8.2 billion worth of
      Reuters  -  304 words
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      253 29 i IHT n _j Of Newsman Sole Marketing Agent 1 19,000sqft Spacious Road 11,000sqft Living Space 1 Sumptuous Interiors with Luxury Bathrooms 1 Private Pool and Pavilion 1 Fully furnished with Designer's furniture Designed by award-winning firm K2LD Modern accents reflected throughout Large Professional Equipped Kitchen Sweeping Greenery View from
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      100 30 JONES LANG ypJJJ LASALLE HOTELS Mt Buffalo Chalet, Australia Under instructions from Parks Victoria FOR LEASE =sa r i Landmark 96 room heritage chalet in Victoria's alpine region Including 'Cresta Valley' recreation site 'Dingo Dell' function facility day visitor centre Significant opportunity for development and improvement Long term lease available
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