The Business Times, 3 February 2010
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2010-02-03
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The Business Times
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Title Section23 2010-02-03 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sf!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Wednesday, February 3,201023 words
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Article667 2010-02-03 1 CHUANG PECK MING - But some questions raised about foreign worker levies and approaches to raising productivity By CHUANG PECK MING [SINGAPORE] Business organisations not only welcome the recommendations of the Economic Strategies Committee (ESC), but are ready to work with the government to boost productivity and make667 words
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Article, Illustration745 2010-02-03 1 Ng Teng Fong of Far East Organization group dies, aged 82 [SINGAPORE] Property tycoon Ng Teng Fong’s passing yesterday marks the end of an era of larger-than-life property titans. He was one of the earliest to develop shopping centres on Orchard Road and until today,FILE PHOTO - 745 words
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Article141 2010-02-03 1 ST INDEX 2,720.87 (-15.30) ST INDEX FUTURES 2,722.00 (-15.00) SIMSCI 325.29 (-2.36) SIMSCI FUTURES 325.00 (-2.20) FOREX US$ S$ US$ (S$ per US$) 1.411 (US$/S$ per 1.594 2.250 EURO (US$/S$/E) 1.393 1.966 Foreign currency per US$ S$ YEN 90.60 64.20 RM 3.417 2.421 HK$ 7.767 5.503 BAHT 33.15141 words
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Page 1 Advertisements
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Advertisement185 2010-02-03 1 HARRY ELIAS RESIGNATIONS Key figures tell their stories PAGE 4 LAND TRANSPORT No bid for franchise, says Mazda S’pore PAGE 24 SIA Q3 profit up 20% PAGE 2 EXEC MONEY Success story of 3 Degrees PAGE 32 MORE REPORTS Turning S’pore into Asia’s consumer-business hub PAGE 6 Commentary: Anna Teo185 words
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Advertisement14 2010-02-03 1 Property was always on his mind, Page 2 Tributes, Page 2 8 '*****1 *****414 words
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TOP STORIES
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534 2010-02-03 2 VEN SREENIVASAN - It posts 20% profit rise to $403.7m; sees passenger, cargo recovery continuing By VEN SREENIVASAN [SINGAPORE] When Singapore Airlines reported a second straight quarterly loss three months go, chief executive Chew Choon Seng was asked if the airline was heading into the red534 words
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Article, Illustration668 2010-02-03 2 Industry veterans recall his drive and industrious streak OBITUARY: NG TENG FONG [SINGAPORE] The late Ng Teng Fong, billed as Singapore’s richest man by Forbes Asia magazine last September, rose from humble beginnings. He was just six years old when his family migrated toARTHUR LEE - 668 words
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Article279 2010-02-03 2 Wee Cho Yaw, chairman, United Overseas Bank Group “Teng Fong was an old friend of more than 50 years. He had an intuitive flair for reading property cycles. I have always admired his acute perception of market forces, an acumen that has made Far East among the most successful279 words
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649 2010-02-03 2 It leaves door open for further moves as economy improves Reuters [SYDNEY] Australia’s central bank shocked markets by skipping an interest rate rise yesterday, citing the impact of higher mortgage rates at home while noting tighter policy in China and concerns over sovereign debtReuters - 649 words
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Article455 2010-02-03 2 Businesses get on the ESC train BUSINESS organisations not only welcome the recommendations of the Economic Strategies Committee, but are ready to work with the government to boost productivity and make the big shift to quality-driven economic growth in the next 10 years. Still, some harbour short-term concerns,455 words
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Article, Illustration935 2010-02-03 4 MICHELLE QUAH - Philip Fong, Latiff Ibrahim give their accounts of last week’s resignations (By MICHELLE QUAH [SINGAPORE] Major differences in opinion on their future drove a serious wedge between senior partners at law firm Harry Elias Partnership LLP (HEP), which eventually sawFILE PHOTO - 935 words
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Article669 2010-02-03 4 LEE U-WEN - Republicans oppose proposal to raise taxes for wealthy By LEE U-WEN [SINGAPORE] While US President Barack Obama’s proposed US$3.8 trillion fiscal year 2011 Budget must still get the green light from Congress, the ensuing debate is likely to be a heated one as lawmakers will669 words
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586 2010-02-03 4 Bloomberg [WASHINGTON] Bank of America Corp (BOA), ExxonMobil Corp and Microsoft Corp would be among companies paying US$400 billion in additional taxes under President Barack Obama’s US$3.8 trillion budget. Mr Obama wants to impose a fee on 50 of the biggest financial companies,Bloomberg - 586 words
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496 2010-02-03 4 Judge rules in favour of rival claim by charity run by late tycoon’s siblings THE FIGHT FOR NINA WANG’S FORTUNE AFP [HONG KONG] A Hong Kong judge yesterday threw out a feng shui (geomancy) master’s claim for the estimated US$13 billion fortune ofAFP - 496 words
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Advertisement700 2010-02-03 2 Globe3 ERP Accounting, GL, AR, AP, FA, Inventory, Sales, SCM, Rental, Service, CRM, MRP1 Multi-company, multi-currency, sophisticated, scalable, tailored to your business flow www.globe3 .com TNO Systems Pte Ltd amelia.seow@globe3 .com Tel: 6749-8823 (Amelia) MATsS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF700 words
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Advertisement1043 2010-02-03 4 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF METRO CONSOLIDATED (S) PTE. LTD. (IN CREDITORS' VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****6139K NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY1,043 words
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Page 5 Advertisements
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Advertisement197 2010-02-03 5 OF ALL THE PLACES IN THE WORLD, WHERE WOULD YOU FEEL MOST SAFE BANKING YOUR PERSONAL WEALTH? WE THOUGHT SO TOO. ING ASIA PRIVATE BANK IS NOW BANK OF SINGAPORE, A SUBSIDIARY OF OCBC BANK Singapore is strategically positioned for the rise of Asia with its established reputation as a197 words
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ECONOMIC STRATEGIES COMMITTEE
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654 2010-02-03 6 CHUANG PECK MING - Republic’s small market makes it an ideal test-bed for new products By CHUANG CHUANG PECK MING WHEN Heng Swee Keat, a member of the Economic Strategies Committee (ESC), elaborated on the recommendation that Singapore develop into a con-sumer-business hub in Asia, it sounded parallels654 words
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279 2010-02-03 6 ENTER a new breed of Singapore executives not T-Rex but “T-shaped PMETs”. These would be professionals with deep skills in their own fields, yet who know enough about related areas and who can operate in different business environments. T-shaped PMETs (professionals, managers, executives and technicians)279 words
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485 2010-02-03 6 CONRAD TAN - By CONRAD CONRAD TAN SINGAPORE’S new export credit agency must be fully funded by the government for it to carry the strong credit rating needed for its role in plugging gaps in the supply of cross-border financing for Singapore firms, senior bankers told BT.485 words
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Article, Illustration425 2010-02-03 6 EMILYN YAP - By EMILYN YAP THE possible makeover of Tanjong Pagar into a new waterfront district is unlikely to threaten Raffles Place and Marina Bay as businesses’ preferred locations, market watchers say. BT got some property consultants to gaze into the crystal ball and shareARTIST’S IMPRESSION © URA - 425 words
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592 2010-02-03 6 ANNA TEO - COMMENTARY By ANNA TEO BOOST skills in every job. That’s the first of three big priorities the Economic Strategies Committee (ESC) sees as crucial if the economy is to make its qualitative leap for the next decade. The all-hands-on-deck “comprehensive national effort”592 words
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657 2010-02-03 6 CHEN HUIFEN - By CHEN HUIFEN AN implicit suggestion in the Economic Strategies Committee (ESC) report that the government play matchmaker to get more SMEs to merge and acquire seems to have raised eyebrows among local companies. As SMEs hold their breath for policy details,657 words
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349 2010-02-03 6 EMILYN YAP - By EMILYN YAP TECHNICAL complications on creating underground space aside, how would the government value subterranean land? The Economic Strategies Committee had an eye on this issue when it proposed that the government draw up a subterranean land rights and valuation349 words
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COMPANY NEWS
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602 2010-02-03 7 SIOW LI SEN - HOCK LOCK SIEW By SIOW LI SEN THE name “Bank of Singapore” (BOS) somehow just doesn’t have that ring of fast cars or yachts that one associates with the monied classes and their private banks like how clients of ING private banking got grandstand602 words
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443 2010-02-03 7 JAMIE LEE - Property counters such as Keppel Land the ones to watch By JAMIE JAMIE LEE TOURISM-linked stocks are looking expensive and some may not benefit from the influx of tourists visiting the new casinos, says CIMB-GK. “The common threads among the hot tourism stocks443 words
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456 2010-02-03 7 MICHELLE QUAH - By MICHELLE QUAH THERE’S new blood at the helm for two institutions with previously long-serv-ing chiefs. The Singapore Institute of Directors (SID) has appointed 54-year-old Canadian and trained accountant, Sovann Giang, as its executive director, following Chew Heng Ching’s resignation in November.456 words
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507 2010-02-03 9 LYNETTE KHOO - Scheme includes reverse takeover, capital reduction, share consolidation By LYNETTE KHOO DEBT-RIDDEN Westech Electronics yesterday received the green light from creditors in a closed-door meeting to proceed with its scheme of arrangement. The scheme comprises a reverse takeover (RTO), capital reduction and share consolidation to507 words
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440 2010-02-03 9 Group said to be in final talks with Morgan Stanley arm Reuters [HONG KONG/SHANGHAI] The property investment arm of Morgan Stanley is in final talks to sell a Chinese apartment complex to a unit of Singapore’s Keppel Land, sources close to the deal saidReuters - 440 words
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Article, Illustration239 2010-02-03 9 NISHA RAMCHANDANI - By NISHA RAMCHANDANI IT SYSTEMS group Stratech Systems and Is-rael-based Aeronautics are forming a joint venture company, Stratech Aeronautics, to produce, sell and support unmanned aerial vehicles (UAVs) in the Asia-Pacific. Quoting a study, Stratech said that the market for UAVs is expected toBLOOMBERG - 239 words
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Article, Illustration232 2010-02-03 9 WINSTON CHAI - By WINSTON CHAI IT has been a busy homecoming for former StarHub chief Terry Clontz on his return to US. The 59-year old telecom industry veteran has been named chairman of US-based wireless technology firm InterDigital a week after he joined Singapore Technologies (ST) Telemedia.232 words
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Article, Illustration368 2010-02-03 10 OLIVIA HO - Key factors: revenue flat; higher expenses; big fall in forex gain By OLIVIA HO CHINA Eratat Sports Fashion’s net profit dived 49.3 per cent to 20.4 million yuan (S$4.2 million) for the third quarter ended Dec 31, 2009, from 40.2 million yuan a year earlier.368 words
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462 2010-02-03 10 ABIGAIL KOR - By ABIGAIL ABIGAIL KOR MEMSTAR Technology, a manufacturer and supplier of polyvinylidene fluoride (PVDF) hollow fibre membrane, posted a net profit of 6.24 million yuan (S$1.29 million) for its fiscal second quarter ended Dec 31, 2009 more than two times the net profit462 words
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Article224 2010-02-03 10 ASIA Water Technology (AWT) said yesterday that a key shareholder submitted then withdrew four days later a request forthe company to call a shareholders’ meeting to boot out two recently appointed directors. AWT said that it received a notice last Wednesday from Phillip Securities and224 words
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COMPANY BRIEFS
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58 2010-02-03 10 ST ENGINEERING’S land systems arm, ST Kinetics, has been awarded a six-year contract worth $87 million to provide driver training for the Singapore Armed Forces (SAF). ST Kinetics’ Driver Training Centre (DTC) has been training SAF personnel since August 1997. The new58 words
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61 2010-02-03 10 RAFFLES Education Corporation said that it is pumping $4 million in initial investment to set up four colleges in India. The colleges, which will be set up under the Raffles Millennium International flagship, will cost an initial investment of $1 million each. They61 words
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67 2010-02-03 10 STRAITS Asia Resources has inked a five-year contract to supply coal to Indian trading house Adani Group. Two million tonnes a year of coal will be sourced from its Jembayan mine in East Kalimantan, Indonesia and sold to Adani at the public67 words
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Article50 2010-02-03 10 ROKKO Holdings’s net profit for the year ended Dec 31, 2009, rose 80.1 per cent to $1.8 million from $1 million, propelled by pent-up demand for semiconductor equipment. The higher profit was achieved on turnover of $29.5 million, a rise of 48.5 per cent.50 words
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99 2010-02-03 10 All Legend Investments Ltd, an investment holding company incorporated in Hong Kong, has declared its intention to make a voluntary conditional cash offer for shares in China Video Surveillance at 26.5 cents each. China Video, which sells CCTV equipment, last traded at99 words
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Page 7 Advertisements
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Advertisement238 2010-02-03 7 facebook 1 facebook.com kia. insider Style or Substance' Love or Lust rVMV Beauty OR Brain MPV OR SUV -A Life makes you choose. The all new-Kia Sorento doesn't. In a world that's full of difficult choices, the Kia Sorento offers a taste of freedom. Because no matter what your choices238 words
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SINGAPORE MARKETS
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Article, Illustration908 2010-02-03 8 OH BOON PING - Greenback edges up against currencies of Europe, Switzerland and Japan CURRENCIES OH BOON PING Reporter ALL eyes in the currency markets yesterday `were on the Reserve Bank of Australia (RBA) and whether it would raise interest rates again. Analysts had forecast a 60908 words
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Article186 2010-02-03 8 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 5 0 0 0 5 7 5 Manufacturing 59 65 58 4 4 15 63 69 73 Commerce 15 25 22 1 5 3 16 30 25 Tpt/Stor/Comms 8 21 12186 words
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BROKERS’ TAKE
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Article313 2010-02-03 8 Epure Feb 2 close: $0.905 DBS VICKERS RESEARCH, Feb 2 FUNDING not affected by credit tightening: Epure’s share price was under pressure recently amid fear that China’s credit crunch would disrupt growth. In our view, these concerns are unfounded because (1) Epure’s 800 million yuan (S$165 million) net313 words
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Article472 2010-02-03 8 JAMIE LEE - Feb 2 close: $0.935 KIM ENG RESEARCH, Feb 2 Compiled by JAMIE LEE PROPOSED Reit transactions are within our earlier expectations: CWT has announced more details on its proposed logistics Reit as it seeks shareholders approval. The Group will sale-leaseback the CWT Commodity Hub and CWT Cold Hub,472 words
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Article119 2010-02-03 8 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 27,742 27,742 98,497 98,497 Manufacturing 380,978 11,584 392,562 215,166 682 215,849 Commerce 98,464 39,345 137,809 83,754 9,054 92,808 Tpt/Stor/Comms 96,520 8,831 105,351 175,517 2,179 177,697 Finance 26,730 26,730 160,961 160,961 Construction 47,002 57,734 104,736 16,906119 words
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Article, Illustration533 2010-02-03 8 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent WALL Street’s Monday bounce helped ease some of the pressure in this part of the world yesterday but it lasted for only half a session the Straits Times Index (STI) bounced up slightly in the morning but weakened after533 words
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Article111 2010-02-03 8 Stock name Close Change Stock name Close Change CapitaLand 3.840 CapitaMall 1.710 +0.020 CityDev 10.500 -0.080 ComfortDelGro 1.560 -0.020 Cosco Corp 1.240 DBS Grp 14.080 -0.080 F&N 3.900 -0.150 Genting SP 1.060 +0.010 Golden Agri 0.505 -0.010 HK Land 4.600 -0.020 JMH 29.540 +0.240 JSH 16.780111 words
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Article65 2010-02-03 8 Feb 2 VALUE CLOSE BT OB/OS -1437.00 -51.00 BT CADI -*****.00 -85.00 BT 10-day MA -*****.00-144.00 FTSE ST Mid Cap 662.26 +1.01 FTSE ST Small Cap 527.05 -3.47 FTSE ST All Share 673.06 -3.05 FTSE ST China Top 274.48 -2.18 FTSE ST China 289.15 -1.73 FTSE ST65 words
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Article57 2010-02-03 8 VOLUME Genting SP 109,078,000 Golden Agri 103,670,000 TopGlobal 55,482,000 Sitra 32,837,000 China Hongxing 29,582,000 TopGlobal W*****2 29,377,000 RafflesEdu 26,780,000 Ying Li 26,428,000 Oceanus 25,117,000 Z-Obee Hldgs 21,566,000 VALUE($) Genting SP 117,381,230 Keppel Corp 72,140,600 DBS Grp 61,125,496 SingTel 55,537,160 Golden Agri 53,379,676 CapitaLand 48,947,855 Wilmar 43,643,450 SGX57 words
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Article105 2010-02-03 8 BY CENTS CLOSE UP GLD 10US$ ***** 318.8 2.1 DBXT Nifty 10US$ ***** 262.4 1.7 OCC 3.93% NCPS10 8520 50.0 0.6 OCC 5.1% NCPS 100 ***** 40.0 0.4 JMH 2954 33.9 0.8 JSH 1678 33.9 1.5 Asia Pac Brew 1228 18.0 1.5 Hyflux 364 17.0 4.9 SIA Engg 347105 words
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Article117 2010-02-03 8 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 5525-100.2 -1.3 OmegaNav 428 -30.0 -6.6 UOB 5.05%NCPS 100 ***** -30.0 -0.3 Lyxor China H 10US$ 1477 -28.2 -1.3 F N.ES.1002 394 -23.0 -5.5 DBS.ES.1002 1416 -22.0 -1.5 SIA 1366 -20.0 -1.4 HL Asia 334 -18.0 -5.1 F&N 390 -15.0 -3.7117 words
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Article87 2010-02-03 8 Where S$ stands Feb 2 CHNG YR 2010 CLOSE FR Feb 1 S$ LOW S$ HIGH US$ 1.4099 0.14 1.4119 1.3869 Euro 1.9648 0.02 2.0153 1.9608 Pounds 2.2451 0.09 2.2776 2.2242 A$ 1.2416 0.53 1.2923 1.2416@ Yen* 1.5548 0.44 1.5730 1.5027 Rupiah* 0.***** -0.12 0.***** 0.***** Baht* 4.2531 0.0287 words
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Advertisement134 2010-02-03 9 B, #C(V <zye includes: 2 x Hot Room temperature Tabletop water dispenser. •6x10 Litres water* Free delivery to 2 locations* Terms Conditions apply $111 m > [PacJii a w L A ea 1 <& 6 US" > We deliver convenience to homes offices d253 5888 or SMS 9018 6099 during134 words
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Advertisement149 2010-02-03 9 5* a K] Ma V 3 w* H r, W5 V V N i K' OCBC Securities Trade shares globally like you're there? Let's talk. To start trading in foreign markets with and contact your Trading Representative, call our hotline on 1800 BB8 8688 or visit www.iocbc.com today. Hongbao Special149 words
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Advertisement612 2010-02-03 10 INITIAL PUBLIC OFFERING t China Hu An Cable Holdings Ltd. ("Hu An Cable" orthe "Group") is amongst the largest wire and cable manufacturers in terms of sales volume in the Yixing City, which is the largest wire and cable manufacturing base in the People's Republic of China. Hu An Cable612 words
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SINGAPORE NEWS
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563 2010-02-03 11 UMA SHANKARI - Fourth such site this year seen fetching between $300 and $460 psf ppr By UMA UMA SHANKARI A RESIDENTIAL plot at Tampines was put up for sale by the government yesterday the fourth so far this year. In January, the government released563 words
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484 2010-02-03 11 RONNIE LIM - By RONNIE LIM CHINA Huaneng, China’s largest coal-fuelled power producer, and now Tuas Power’s owner, will embark on construction proper of Singapore’s first coal-fired station soon. But for the other big gencos such as PowerSeraya and Senoko Power, which currently utilise piped484 words
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Article, Illustration512 2010-02-03 11 TEH SHI NING - Entrepreneurs need patience to succeed in the sultanate By TEH SHI NING in Muscat, Oman SEVERAL Singaporean entrepreneurs have found their niche in Oman, providing consultancy services to both Omani agencies and Singapore businesses as the sultanate ramps up512 words
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456 2010-02-03 12 CHEW XIANG - But most still plan to cut costs in next 3 months, says PwC survey By CHEW XIANG A NEW survey by PricewaterhouseCoopers of CEOs worldwide says they are more upbeat about prospects this year than last but still plan to take out costs456 words
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Article, Illustration412 2010-02-03 12 OH BOON PING - By OH BOON PING ELECTRONICS production grew at a faster pace in January, even though manufacturing sector growth appeared to have slowed. The month’s purchasing managers’ index (PMI) a barometer of manufacturing activity was 51.4, af- ter December’s reading of 53.3. A reading above 50BLOOMBERG - 412 words
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452 2010-02-03 12 ZEINAB YUSUF SAIWALLA - It seeks to develop innovation in technical education By ZEINAB YUSUF SAIWALLA THE Institute of Technical Education (ITE) yesterday unveiled its strategic plan for the next five years. The blueprint for 2010 to 2014 revealed the institute’s focus on developing innovations in452 words
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Advertisement130 2010-02-03 11 fxJ Emerging Enter/wise Give your best shot for S$1.2 million worth of prizes at the Emerging Enterprise 2010 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*,130 words
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Advertisement445 2010-02-03 12 SINGAPORE AIRSHOW CARNIVAL A weekend of fun for everyone Public Days: 6-7 FEBRUARY 2010 Head on down to Asia's biggest Airshow the Singapore Airshow to see the latest in aviation technology, spectacular aerobatic displays and enjoy a weekend of fun at the Singapore Airshow Carnival. Changi Exhibition Centre www.singaporeairshow.com.sg Limited445 words
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SINGAPORE AIRSHOW 2010
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Article, Illustration761 2010-02-03 13 VEN SREENIVASAN - Despite the challenges, CEO says the Brazilian planemaker is enjoying steady growth in the defence segment, reports VEN SREENIVASAN VEN SREENIVASAN DESPITE delivering a record 244 planes last year, Brazilian planemaker Embraer will lose US$1 billion of revenue due to the mix of products sold.YEN MENG JIIN - 761 words
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388 2010-02-03 13 NISHA RAMCHANDANI - By NISHA RAMCHANDANI HELICOPTER manufacturer Eurocopter will continue to ramp up its presence in Asia, given the sharp growth posted by its operations in the region last year. For 2009, Eurocopter which is a division of EADS posted a turnover of 4.6 billion388 words
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278 2010-02-03 13 ARTHUR LEE - By ARTHUR LEE AIR France is introducing a new travel class between economy and business that costs just 7.5 per cent more than tickets for the former. It unveiled the “Premium Voyageur”, its new “private cabin intermediate” class for long-haul flights, to 120278 words
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313 2010-02-03 13 NISHA RAMCHANDANI - The flight marks CAAS’ entry to the Aspire programme By NISHA RAMCHANDANI THE Civil Aviation Authority of Singapore (CAAS) and Singapore Airlines (SIA) have successfully pulled off the world’s first multi-sec-tor demonstration green flight, which resulted in fuel savings of about313 words
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263 2010-02-03 13 VINCENT WEE - By VINCENT WEE PUTTING systems into new aircraft, regulatory changes in China and developing markets for China’s aerospace products will be key growth drivers for Honeywell Aerospace. According to Mark Howes, the company’s Asia-Pacific president for aerospace, opportunities emerging in China amount to hundreds263 words
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708 2010-02-03 13 VEN SREENIVASAN - By VEN SREENIVASAN THE aviation industry downturn and consequent deferral of maintenance work has hit smaller maintenance repair and overhaul (MRO) players hard. But this is unlikely to lead to consolidation in the global MRO industry. “There will be no consolidation for708 words
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Article326 2010-02-03 13 VINCENT WEE - By VINCENT WEE MAINTENANCE, repair and overhaul (MRO) player Singapore Aero Engine Services (SAESL) is meeting increased demand in the aerospace industry with the completion of its $60 million facility expansion that will boost overhaul output by 25 per cent from 200 to 250 engines a326 words
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ECONOMY WATCH
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Article, Illustration470 2010-02-03 14 A more flexible Chinese currency is desirable for Japan, says finance minister Reuters [TOKYO] Group of Seven (G-7) finance leaders may discuss the Chinese yuan and US President Barack Obama’s financial regulation plan when they meet in the Arctic Canadian town of IqaluitReuters; REUTERS - 470 words
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490 2010-02-03 14 AFP Reuters [FRANKFURT] German retail sales fell by 1.8 per cent last year, final figures released yesterday by the national statistics service showed, the biggest decline since euro notes and coins were introduced in 2002. While the figure was betterAFP; Reuters - 490 words
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564 2010-02-03 14 Bloomberg Reuters [NEW YORK] Fewer banks tightened standards for consumer and corporate loans last quarter, a Federal Reserve report showed, as the economy grew at the fastest pace in six years. Banks continued to tighten the terms of loansBloomberg; Reuters - 564 words
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Page 14 Advertisements
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Advertisement379 2010-02-03 14 WINE DINE AND HOSPITALITY Bountiful Indulgences at Hai Tien Lo Celebrate with classic Cantonese and varieties ol yu sheng. (1 to 28 February) Veritable Feasts at Global Kitchen Feast to your heart's content with all-you-can-eat lunch or dinner and auspicious yu sheng. (12 to 14 February) ExquisiteTidings at Keyaki Toss379 words
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MALAYSIA
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494 2010-02-03 15 PAULINE NG - Offer is sizeable but pales compared to Maxis’ RM11.3b IPO By PAULINE NG WHETHER or not Malaysia can better the 14 initial public offerings (IPOs) undertaken last year including a mammoth one by Maxis Bhd is one thing. But still, a planned share494 words
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Article, Illustration480 2010-02-03 15 LEE U-WEN - Inspired by common condemnation of attacks By LEE U-WEN THE positive unity displayed by Malaysians condemning the recent spate of attacks at various places of worship across the country is an “encouraging” sign of the true spirit of 1 Malaysia, says Prime Minister480 words
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698 2010-02-03 15 S JAYASANKARAN - Board’s move aimed at securing the best value for all shareholders, it says By in Kuala S JAYASANKARAN THE board of EON Capital yesterday rejected a RM4.9 billion (S$2 billion) takeover offer from Hong Leong Bank (HLB) that would have created Malaysia’s fourth698 words
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Advertisement65 2010-02-03 15 SUCCESSFULLY BRIDGING EAST AND WEST FOR 25 YEARS. NORTH WEST EAST t SOUTH YEARS OF PRESENCE IN ASIA RZB Group celebrates 25 years of presence in Singapore. To commemorate this auspicious occasion Raiffeisen Zentralbank Osterreich AG Singapore Branch proudly continues to support the Special Olympics Singapore preparations for the Special65 words
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GREATER CHINA/INDIA
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680 2010-02-03 16 OECD says it should not move back to conservative fiscal policy of the past Bloomberg [BEIJING] China should jettison its traditional fiscal conservatism and shift spending to social welfare as its economy rebounds from the global crisis, the Organization for Economic Cooperation andBloomberg - 680 words
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335 2010-02-03 16 AFP [BEIJING] China accused the United States of protectionism that has “seriously affected” their trade ties, state media reported late on Monday, amid a worsening spat between the two countries. Ministry of Commerce spokesman Yao Jian made the comments on the ministry’s website in responseAFP - 335 words
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Article, Illustration659 2010-02-03 16 Reuters [NEW DELHI] More than a month after putting its biggest global assets up for sale, India’s Reliance Communications has found few callers for a package that includes its prized FLAG undersea cable network. Sources close to the deal said Reliance Comm had already extendedReuters; BLOOMBERG - 659 words
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Article, Illustration473 2010-02-03 16 Bloomberg [DAVOS] Russian billionaire Oleg Deripaska said investor concerns that China’s efforts to limit inflation will derail the economy are “completely unreasonable” and growth will remain the government’s priority. “Everyone’s betting on high inflation in China,” Mr Deripaska, whose United Co RusalBloomberg; AP - 473 words
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375 2010-02-03 16 Reuters [BARONCEA, Moldova] Small, poor nations without significant mineral deposits are unlikely candidates for investment by the world’s third-largest economy. Yet China is taking a growing interest in Moldova, a former Soviet state that is poorer than many countries in Africa.Reuters - 375 words
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Advertisement153 2010-02-03 16 DREAM BIG BUT GET REAL SME ourSMEs I save the I I lucubdllnq bnddiiiq Deitlmtlon: piomiaract 41 A pre SPRING I zj vtigapoie I The SME Magazine is all about real entrepreneurs and their real stories. Produced by The Business Times, this new bi-monthly magazine is dedicated to small and153 words
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Advertisement40 2010-02-03 17 ASIAN AER0SPACE 2011 INTERNATIONAL EXPO AND CONGRESS .where the global commercial aerospace and civil aviation business community meets in Asia. March 8-10,2011 AsiaWorld-Expo, Hong Kong www.AsianAerospace.com The right place. The right people. The right value. M a Reed Exhibitions fr40 words
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ASIA-PACIFIC/WORLD
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712 2010-02-03 18 Treasury yields dropped to the lowest level in a month on Jan 21 Bloomberg Reuters [LONDON] Investors expect that US lawmakers will dilute President Barack Obama’s “Volcker Rule” plan to restrict US financial institutions because of their concern that the proposal will crimp the economy.Bloomberg; Reuters - 712 words
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394 2010-02-03 18 AP [LOS ANGELES] Sony Pictures Entertainment Inc, the studio behind the Spider-Man movie franchise, is laying off about 450 people and eliminating 100 open positions to cope with declining DVD sales. The layoffs represent about a 6.5 per cent reductionAP - 394 words
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Article, Illustration246 2010-02-03 18 BEST PICTURE Avatar District 9 An Education The Hurt Locker Inglourious Basterds Precious A Serious Man Up in the Air The Blind Side Up ACTOR IN A LEADING ROLE Morgan Freeman in Invictus Jeff Bridges in Crazy Heart George Clooney in Up in the Air Colin246 words
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251 2010-02-03 18 NYT [NEW YORK] While much of the oil industry contracted last year, Exxon Mobil expanded its oil and gas operations in the United States and around the world. Exxon, the top Western oil company, took advantage of the weak climate to bolster itsNYT - 251 words
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Article195 2010-02-03 18 LATEST US DATA Bloomberg [WASHINGTON] The number of contracts to buy previously owned US homes was little changed in December after a record plunge, indicating a renewed tax credit will take time to revive sales. The index of purchase agreements, or pending homeBloomberg - 195 words
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375 2010-02-03 18 Reuters [LONDON] Formula One teams and decision makers have agreed on changes to the points system and tyre rules for this season as well as a ban on controversial “double diffusers” from 2011. The International Automobile Federation (FIA) said inReuters - 375 words
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444 2010-02-03 18 Reuters [TOKYO] Nomura Holdings Inc, Japan’s largest brokerage, reported a small-er-than-expected quarterly profit as weak trading conditions offset a jump in fees to manage a rush of public share offerings. Nomura is by far the country’s top underwriter of stock offerings, putting it in aReuters - 444 words
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Page 18 Advertisements
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Advertisement16 2010-02-03 18 913 HOT 30 tmwom i MON-FM 8PM TO 12M BOY THUNPEt 91.3FW1 TODAY'S BEST MUSIC tfHW.WI0913.COM16 words
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WORLD
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734 2010-02-03 19 But hopes grow that pledges sent in by end-Jan deadline will lead to Mexico deal AP Bloomberg [UNITED NATIONS] Fiftyfive nations have met a Jan 31 deadline to submit pledges to the United Nations for reducing emissions of greenhouse gases. While UN officialsAP; Bloomberg - 734 words
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Article, Illustration668 2010-02-03 19 But some say it is not enough for major changes Reuters [LOS ANGELES] Clean technology companies welcomed nearly US$2.4 billion for the sector in the Obama administration’s proposed budget released on Monday, but some industry watchers said that it wasn’t enough forReuters; BLOOMBERG - 668 words
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Article, Illustration449 2010-02-03 19 Bloomberg [ZURICH] Swiss banks are discovering that the biggest threat to client privacy is their own workers. German Chancellor Angela Merkel said on Monday her government may buy stolen data on Swiss bank accounts as French authorities comb information acquired from anBloomberg - 449 words
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Article, Illustration635 2010-02-03 19 Other banks may also be named in report due this week Bloomberg [NEW YORK] Barclays plc and JPMorgan Chase Co are among the banks that may be blamed for triggering or improperly benefiting from Lehman Brothers Holdings’s bankruptcy in a report due thisBloomberg; BLOOMBERG - 635 words
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464 2010-02-03 19 Reuters [SAO PAULO] Brazilian sugar and biofuel giant Cosan plans to merge its ethanol and fuel distribution units with Royal Dutch Shell in a deal worth up to US$12 billion, extending a trend of growing foreign investment in the fast-grow-ingReuters - 464 words
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EDITORIAL & OPINION
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485 2010-02-03 20 EDITORIAL THE recommendations of the Economic Strategies Committee (ESC) unveiled on Monday reflect an imaginative vision for the Singapore economy in the post-financial crisis world. It is panoramic in scope, does not offer quick fixes and is bold without being unrealistic. But making485 words
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Article, Illustration775 2010-02-03 20 FRANK CHING - THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator CHINA’S reaction to the announcement by Washington of a large arms sales package for Taiwan suggests that 20 months after Taiwan replaced hostility with cooperation in its dealings with775 words
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Article, Illustration1588 2010-02-03 20 GEORGE JOSEPH - ST Engineering is making a name for itself globally as a maker of defence products GEORGE JOSEPH Senior Correspondent THE Bronco is an all-terrain, tracked, armoured troop carrier. With some added fittings and renamed the Warthog, it will keep British soldiers protected from enemyREUTERS - 1,588 words
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Article, Illustration1308 2010-02-03 21 FRANK DEBETS - S’pore exporters need a good understanding of the changing landscape and the capacity to act on it to stay competitive By FRANK DEBETS The writer is a partner, PricewaterhouseCoopers Worldtrade Management Services (WMS) Pte Ltd, PwC’s regional customs and trade advisory practice AS THE globalREUTERS - 1,308 words
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Article, Illustration728 2010-02-03 21 DAVID E SANGER - Numbers don’t lie huge deficits may alter US power By DAVID E SANGER NYT IN A federal budget filled with mind-boggling statistics, two numbers stand out as particularly stunning, for the way they may change American politics and American power. The first is the projected deficit in the coming yearNYT - 728 words
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Transport HUB
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386 2010-02-03 22 Surplus of VLCCs over the next 30 days dips to 8.8% from 10% last week Bloomberg [LONDON] The supply of supertankers waiting to collect two million barrel cargoes of Middle East crude oil shrank on stronger demand to ship consignments west and mountingBloomberg - 386 words
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457 2010-02-03 22 Xinhua [NAIROBI] Crew members of a hijacked Pana-ma-flagged cargo ship being held off Somaliland’s port of Berbera are appealing for international intervention to have them released, a maritime official said yesterday. Andrew Mwangura, East Africa’s Coordinator of Seafarers Assistance Program (SAP), said theXinhua - 457 words
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Article773 2010-02-03 22 DAVID HUGHES - They have been hit by fall in volume and value of global trade, and drop in ship values STRAIT TALK By DAVID HUGHES JANUARY seems to be a month for taking stock. And one body that has a habit of doing so every January is the773 words
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281 2010-02-03 22 Bloomberg [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, retreated for a fifth session, led by a decline in larger iron-ore carriers. The index tracking transport costs on international trade routes fell 103 points, or 3.6 perBloomberg - 281 words
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Article, Illustration447 2010-02-03 22 Canadian port handled 18m tonnes of grain last year Reuters [WINNIPEG, Manitoba] Shipping of grain and related products through Canada’s biggest port hit a record 18.1 million tonnes in 2009 as exporters moved two straight years of big crops to markets, Port Metro VancouverReuters; BLOOMBERG - 447 words
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Article286 2010-02-03 22 SGX '000 Feb 2 S$ +/-Vol CH Offshore 0.65 -0.01 422 Chuan Hup Hldgs 0.33 0.01 268 Cosco Corp 1.24 unch 8063 CWT Ltd 0.94 0.01 4323 Ezra Hldgs 2.07 -0.03 7925 First Ship Lease 0.59 -0.01 434 Freight Links 0.05 unch 25 Grand Banks 0.45 0.02 22286 words
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TRANSPORT HUB: AVIATION
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448 2010-02-03 23 Chinese airlines will account for 20% of all Airbus planes delivered in 2010 Bloomberg [PARIS] Airbus SAS, the world’s largest maker of commercial jets, plans to make China the centre of its growth ambitions as demand outpaces other regions and theBloomberg - 448 words
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Article, Illustration637 2010-02-03 23 Bloomberg [SINGAPORE] Boeing Co, the world’s second-largest planemaker, will likely scrap the planned 787-3 after Japan Airlines Corp and All Nippon Airways Co switched orders to alternate versions. “It’s my guess that it won’t be part of our product offering inBloomberg; BLOOMBERG - 637 words
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257 2010-02-03 23 Bloomberg [FRANKFURT] London Heathrow airport Europe’s busiest, and Manchester airport, began required use of full body scanners in security checks as part of tightened UK rules imposed after a failed bombing of a US plane in December. Passengers who refuse to undergoBloomberg - 257 words
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Article, Illustration600 2010-02-03 23 NYT [WASHINGTON] US Defence Secretary Robert Gates said on Monday that he was replacing the general in charge of the Pentagon’s largest weapons programme the F-35 Joint Strike Fighter and withholding US$614 million in award fees from contractor Lockheed Martin. The surprise announcementNYT - 600 words
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Article2934 2010-02-03 23 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi EY470 2200 SQ456 1245 Adelaide LH9771 1740 9W4082 2215 SQ268 1740 AF8088 2215 VS7268 1740 BA7382 2215 JL5083 2215 QF82 2215 LH9770 2350 SQ269 2350 VS7269 2350 Ahmedabad AI7200 0710 NH6293 0710 SQ531 0710 Amsterdam KL145 0010 KL146 01502,934 words
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TRANSPORT HUB: LAND
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Article, Illustration470 2010-02-03 24 SAMUEL EE - Second showroom set up to expand sales network: managing director By SAMUEL EE STIFF competition in the local new car market may have just become stiffer. There is speculation the authorised Mazda distributor was forced to set up a new showroom on470 words
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381 2010-02-03 24 Bloomberg [WASHINGTON] US transit systems would get expanded safety oversight and Amtrak would receive more funding under the 2011 budget proposed by President Barack Obama. The budget allots US$30 million to create the transit oversight programme in the Transportation Department, which has recommendedBloomberg - 381 words
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Article, Illustration318 2010-02-03 24 SAMUEL EE - By SAMUEL EE LAMBORGHINI sold a richer mix of models in Singapore last year despite the recession. Almost half of the 50 Lamborghini cars registered by importer Lamborghini Singapore were variants of the flagship Murcielago model, which sells here from $1.338 million upwards. Of theseFILE PHOTO - 318 words
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Article, Illustration568 2010-02-03 24 Its handling shows cultural divide in crisis management AFP [TOKYO] As Toyota moved to limit the damage done by a massive global safety recall, its public relations strategy was under scrutiny amid fears that the brand’s image could have suffered irreparable harm. The JapaneseAFP; BLOOMBERG - 568 words
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508 2010-02-03 24 AFP [SOUTHFIELD, Michigan] Toyota Motor Corp probably ceded US market share in January as a sales freeze on eight models and a widening global recall kept the world’s largest automaker from taking advantage of improving demand. General Motors Co, Ford MotorAFP - 508 words
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Page 22 Advertisements
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Advertisement31 2010-02-03 22 Looking for.. AHTS __J TUG BOAT 5000/ 6000 HP 1982-1989 Built Ready for use. Interested seller, please send in photographs, details of the tug boat to: tambaramas@gmail.com Sarana Tambang Mas Co.31 words
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Page 23 Miscellaneous
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Miscellaneous330 2010-02-03 23 CRYPTIC CROSSWORD Across 1 Animal with a bad temper he creates disaster (11) 9 A component of this scheme may be A1 (4,3) 10 Ray not trained to be a legal worker (6) 12 Currently available at all locations? On the contrary! (7) 13 Swinger at England’s rugby matches? (7)330 words
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Page 24 Advertisements
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Advertisement14 2010-02-03 24 www.omy.sg eat.omy.sg m m .J s,- r zm. jf/s J I Hsl DE BORTOLl14 words
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SINGAPORE STOCKS
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Article8851 2010-02-03 25 Transaction date: Feb 2 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 3 3148 8Telecom 15.5 -0.5 160 15.5 15.5 15.5 16 5 0.7 28.2 74.2 10 2.5 58348,851 words
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Article1862 2010-02-03 26 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 unch 25 5 5 5 6 4.8 25 12 8538 t APStrategic 17 14 161,862 words
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Article9367 2010-02-03 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.16/ 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 0.68/ Aberdeen Asset Mgt Asia Limited American Opp 0.6238/ Asian Credit Fund 1.2209/ Asian9,367 words
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Article459 2010-02-03 26 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 $mil 111 107 6389 ABF SG Bond ETF 109 107.6 110 497.6 846 427 CIMBAsean40 100US$ US799 +3 8 800 798 795 798 32 298459 words
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Article70 2010-02-03 26 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 $mil 56 20 6000 AVJennings A47.5 48 50 3.6 7.4 3.8 123.7 31 6 6017 Genting HK US$ US21 -0.5 2081 21.5 21 20.5 2170 words
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FINANCE & COMMODITIES
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365 2010-02-03 27 In local curr In S$ In US$ dy yr dy yr dy yr Feb 1 Index Change Change Change Change Change Change World Index Preliminary 808.5 0.8 -2.9 1.4 -2.9 0.7 -3.5 EAFE Preliminary 760.9 0.5 -3.0 0.8 -3.6 0.2 -4.3 Europe Preliminary 1090.8 0.9365 words
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Article67 2010-02-03 27 Feb 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 10 2447 2463 2473 2447 50 1246 Mar 10 2460 2458 2463 2430 2590 ***** Apr 10 2460 2452 2462 2427 7769 ***** May 10 2452 244967 words
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Article27 2010-02-03 27 Feb 2 Open High Sett STI Feb 2722 SIMSCI Feb 327.7 331.2 325.0 Taiwan Feb 271.2 274.1 267.4 Source: MF Global (S) Pte. Ltd27 words
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Article85 2010-02-03 27 Feb 2 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article22 2010-02-03 27 Feb 2 S$ Bid Offer 1-month 1.4109 1.4124 2-months 1.4112 1.4127 3-months 1.4114 1.4129 6-months 1.4122 1.4137 Source: OCBC22 words
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Article359 2010-02-03 27 Feb 2 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar10 99.7150 0 8668 Jun10 99.5900 0 7330 Sep10 99.3200 0 2284 Dec10 98.9650 0 2171 EUROYEN TIBOR FUTURES Mar10 99.5700 99.5700 99.5700 99.5750 135 4556 Jun10 99.6250 99.6250 99.6250 99.6200 97 1592 Sep10 99.6400 99.6400 99.6400359 words
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Article189 2010-02-03 27 Feb 2 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 10 306.0 300.0 305.0 180 692 Apr 10 305.0 301.5 305.0 140 400 May 10 305.0 305.0 305.0 20 666 Jun 10 305.0 240 620 Jul 10 305.0189 words
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Article92 2010-02-03 27 Feb 2 Feb 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 06.05.2010 0.43 0.40 0.36 1-Year BY*****N 01.11.2010 0.45 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.31 104.34 104.34 5-Year N*****0N 1.37592 words
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Article134 2010-02-03 27 Feb 2 As at 9am Feb 2 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2440 1.2820 Can dollar 1.3190 1.3350 Euro 1.9500 1.9730 NZ dollar 0.9900 1.0110 Sterling pound 2.2340 2.2610 US dollar 1.4000 1.4160 Local dollars to 100 units134 words
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Article177 2010-02-03 27 Feb 2 $S Offer Bid Overnight 1/8 1/16 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 1/8 US$ 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 12177 words
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2436 2010-02-03 27 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 9 4.86 51 2036 Advance SCT Ltd W*****9 0.5 1 87 1650 10.00 6 8756 Asiatic Grp (H) Ltd W*****2 9.5 1 32,436 words
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6634 2010-02-03 28 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,6,634 words
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Article465 2010-02-03 27 Feb 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.931 6.002 0.631 6.829 40.661 82.280 0.797 10.198 3.004 1.245 74.679 40.777 1.241 6.582 0.930 28.183 29.145 0.551 0.879 Canada 1.074 6.444465 words
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Article141 2010-02-03 27 Feb 2 GOLD (US$/oz) Feb 01 Feb 02 Hong Kong 1083.70 1102.60 Feb 01 Jan 29 London 1094.30 1077.35 1095.10 1078.35 Source: Thomson Reuters CAST BAR Feb 02 (S$) Selling Buying Kilobar "53,680.83" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 119.84 50 5gm 341.33 250 10gm 609.9141 words
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Article154 2010-02-03 27 Feb 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2401 1.2417 0.8791 0.8793 Canadian dollar 1.3312 1.3332 0.9437 0.9441 Euro 1.9647 1.9668 1.3927 1.3928 NZ dollar 0.9954 0.9975 0.7056 0.7064 Sterling pound 2.2488 2.2517 1.5941 1.5946154 words
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Article71 2010-02-03 27 Feb 1 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2052.50 2046.50 3 months 2085.00 2079.00 Copper, Grade A (US$/tonne) Cash 6768.00 6723.25 3 months 6790.00 6745.00 Lead (US$/tonne) Cash 2024.50 2002.00 3 months 2045.00 2025.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0071 words
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Article105 2010-02-03 27 Feb 1 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 10 909.75 914.00 924.75 908.25 May 10 920.75 924.75 934.50 919.00 Jul 10 928.75 932.00 942.00 926.75 Aug 10 924.50 927.00 934.75 923.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 10 36.19 36.15 36.51105 words
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Article77 2010-02-03 27 Feb 1 COCOA (£/tonne) Close Prev High/Low Mar 10 2225 2233 2249/2221 May 10 2225 2232 2249/2220 Jul 10 2214 2222 2233/2214 Sep 10 2196 2205 2219/2192 COFFEE (US$/tonne) Close Pev High/Low Mar 10 1322 1324 1336/1319 May 10 1355 1356 1367/1352 Jul 10 1382 unch 1390/1380 SUGAR (US77 words
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Article77 2010-02-03 27 CRUDE OIL PRODUCTS Feb 1 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 72.13 -0.16 WTI (Near Mth) 74.77 1.99 Dubai (1-Mth F) 72.05 -0.28 Tapis blend 74.60 -0.55 Minas 74.10 -0.55 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 72.11 -2.33 Jet Kerosene 79.20 -1.85 US$/barrel Opec Oil77 words
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Advertisement109 2010-02-03 27 The more you trade, the more you save. Enjoy automatic rebates and lower commissions Make huge savings on FX and Singapore shares FX spreads from 1 pip Always guaranteed market prices on shares Learn more about our automatic rebates for frequent traders at igmarkets.com.sg CFD trading can result in losses109 words
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Advertisement31 2010-02-03 28 Shipping lin< >kin< reliabl. logistics partners Can they find your services Here in -the Shipping TO ADVERTISE, CI A LI IOE WONG AT 9620 1 327 THE BUSINESS TIMES SHIPPING TIMES31 words
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Advertisement31 2010-02-03 29 Experienced sh/p maintenance services wanted. 0 the Shipping Times? Legal services required by shippers owners TO ADVERTISE, CALL JOB WONG AT Can they find your services here in the Shipping Times?31 words
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Advertisement201 2010-02-03 30 rich slow. When it comes to investing your hard-earned money, our view is definitely different from most. Instead of promoting those high-risk, quick gambles, we take a long-term, prudent and disciplined approach. Instead of charging high annual management fees to maximise our profits, we offer one of the lowest 1201 words
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Advertisement719 2010-02-03 31 4 ♦I i X I f i <* I ,5 c i>£ fes .V I I p t PET I At «,jik v* FOR THE SMART TRADERS Power E*TRADE Pro (PET) gets even more powerful in 2010 which empowers your strategies to capture US investment opportunities in the volatile market.719 words
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executive Money
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EXECUTIVE MONEY
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Article, Illustration1366 2010-02-03 31 CHRISTIAN NOLTING - After its worst performance in 2008 and a rebound last year, the industry is expected to face a challenging 2010 CHRISTIAN NOLTING The writer is lead strategist, Asia-Pacific regional head of portfolio management, Deutsche Bank Private Wealth Management HEDGE funds have historically been synonymous withSource: Edhec, Deutsche Bank Global Investment Solutions, as of Nov 30,2009 - 1,366 words
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Article, Illustration1025 2010-02-03 32 GENEVIEVE CUA - 3 Degrees Asset Management’s Asian Debt Fund has had an annualised return of 9% since inception in 2004, says GENEVIEVE CUA GENEVIEVE CUA WHEN fund manager and entrepreneur Moe Ibrahim came to Singapore to research distressed Asian debt opportunities in 1999, he summed upARTHUR LEE - 1,025 words
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Advertisement225 2010-02-03 32 Opinion 19 fSlgnore IkJcJ T SAXO CAPITAL MARKETS A TRADER'S BEST CALL HKHAaflil W hat's pos your ition? Itogether ng to see what ling tools. We >t platform is de up to yours to As a seriou be it your exactly how up to more in-depth re expectation s trader,225 words
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Advertisement7 2010-02-03 32 HEDGE FUNDS Industry in transition. PG 317 words
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