The Business Times, 10 February 2010

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Total Pages: 32
1 32 The Business Times
  • 22 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Wednesday, February 10,2010
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  • 708 1  -  With the debt crisis hanging fire, a looming Greek labour strike could change complexion of events By LEE U-WEN [SINGAPORE] As the European Union (EU) grapples with a mounting debt crisis and budget worries in several of its member-states, eyes are now fixated on the
    REUTERS  -  708 words
  • 611 1  -  By WINSTON CHAI [SINGAPORE] A passion for football and a good bargain appear to have cooled the controversy over hardware compatibility and content exclusivity, with Singapore Telecommunications registering sizzling growth in its pay TV subscribers. Singapore’s largest telco added 29,000
    FILE PHOTO  -  611 words
  • 141 1 ST INDEX 2,745.02 (+51.40) ST INDEX FUTURES 2,745.00 (+51.00) SIMSCI 329.20 (+5.95) SIMSCI FUTURES 329.80 (+6.30) FOREX US$ S$ US$ (S$ per US$) 1.419 (US$/S$ per 1.564 2.220 EURO (US$/S$/E) 1.373 1.949 Foreign currency per US$ S$ YEN 89.60 63.10 RM 3.434 2.420 HK$ 7.769 5.475 BAHT 33.18
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  • Page 1 Advertisements
    • 109 1 BT-NBS ROUNDTABLE Making sense of China’s rapidly rising stock market PAGE 16 EXEC MONEY Equities: Banish the buy and hold approach PAGE 32 TOURISM Some bright spots in 2009 UBS Q4 profit beats analysts’ expectations PAGE 4 PAGE 4 ANNIVERSARY 1860|2010 Passion CI H O F»^R i«AN TURISMO XL m
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    • 8 1 SingTel profit jumps 24% in Q3, Page 5
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  • TOP STORIES
    • 808 2  -  The firm is now recalling almost 8.7m vehicles around the world By ANTHONY ROWLEY BOWING to the inevitable, Toyota Motor Corporation Japan’s and the world’s leading carmaker announced yesterday that it is recalling 437,000 of its Prius and other hybrid models worldwide to repair brake
      BLOOMBERG  -  808 words
    • 469 2  -  Lim Swee Say says a mindset change is needed By TEH SHI NING [SINGAPORE] Singapore’s labour movement will “go on the offensive” this year, with a more extensive drive to boost productivity and innovation across all sectors, companies
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    • 506 2 Markets play chicken with Europe AS the European Union grapples with a mounting debt crisis and budget worries in several of its member states, eyes are now fixated on the outcome of talks between the bloc’s leaders when they meet on Thursday for a special summit in Brussels.
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    • 575 4  -  Fewer arrivals, lower receipts but fewer China tourists spent more; cruises up 16% By NISHA RAMCHANDANI [SINGAPORE] Hit by the global recession and H1N1 flu, Singapore’s tourism receipts and visitor arrivals sank last year. But the Singapore Tourism Board (STB) expects
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    • 530 4  -  Economists say last year’s budget deficit likely to be smaller than projected By CHEW XIANG [SINGAPORE] The government’s 2009 budget deficit is likely to be smaller than projected, leaving room for a substantial fiscal package this year, economists say. While initial
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    • 689 4 AP Reuters Bloomberg [GENEVA] UBS posted a profit of 1.205 billion Swiss francs (S$1.6 billion) in the final quarter of last year its first since Oswald Gruebel took the helm a year ago. The profit beat analysts’ expectations by a wide margin,
      AP; Reuters; Bloomberg; BLOOMBERG  -  689 words
    • 467 4  -  By JOYCE HOOI [SINGAPORE] The carnage that marked the recruiting landscape in the first half of 2009 may have ended, according to Robert Walters Asia’s fourth-quarter 2009 Job Index. In Singapore, the number of job ads placed in the final quarter of last year edged
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    • 455 4  -  By JOYCE HOOI [SINGAPORE] The people behind Singapore’s first liquefied natural gas (LNG) terminal were sanguine yesterday at the fifth LNG Supplies for Asian Markets 2010 conference. With the main building contractor for the terminal on Jurong Island finally appointed, Singapore can now begin
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  • Page 2 Advertisements
    • 309 2 www.itshow.com.sg 11*- 14" MARCH 2010 Sunteo Singapore Levels Q, Q, Q, Q Q I.T DIGITAL MOBILE CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE WORTH WAITING FOR jl Norton 360 [W COMING SOON! Plus Win 1st Prize Of S$20 9 000 CASH And Other Cash Prizes (ONE COUPON FOR EVERY $100 PAID OR
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    • 20 2 Cost of Toyota recall may top US$2b estimate, Page 20 Toyota’s long, and often bumpy, road to success, Page 20
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  • Page 3 Advertisements
    • 347 3 HSBC can connect y+u to opportunities matter hmvj the investment «r property market turns 4ut Tap on our expertise to find the right fit for your investments. Economic recoveries are rarely straightforward and can take on different shapes and varying time frames. While it is hard to say for sure
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  • Page 4 Advertisements
    • 972 4 WATci NOTICES BAKER Technology limited BAKER TECHNOLOGY LIMITED (Unique Entity Number *****0637D) (Incorporated in the Republic of Singapore) CHANGE OF ADDRESS OF SHARE AND WARRANT REGISTRAR AND PLACE WHERE REGISTERS OF MEMBERS AND WARRANTHOLDERS AND INDICES ARE KEPT The Board of Directors of Baker Technology Limited (the "Company") wishes to
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  • COMPANY NEWS
    • 720 5  -  Telco benefited from stronger Aussie dollar and rebound in Telkomsel earnings By WINSTON CHAI SINGAPORE Telecommunications makes it a hat-trick with its net profit rising for the third straight quarter on the back of yet another strong overseas performance. South-east Asia’s largest telco yesterday
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    • 208 5 Reuters [LONDON] The London Metal Exchange (LME) said yesterday it will open LME Asia, its first overseas office in Singapore, in April this year, to serve members’ needs and make the most of opportunities in the region. “LME Asia will be led by Liz Milan,
      Reuters  -  208 words
    • 755 5  -  HOCK LOCK SIEW By CONRAD TAN DBS Group’s new chief executive Piyush Gupta has come out with all guns blazing. But while the strategy he outlined at the bank’s full-year results briefing last Friday appears comprehensive even practical the difficulty, as is often
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    • 494 6  -  Grangeford Apts, OUB Centre probably took revaluation hit at end-2009 By KALPANA RASHIWALA OVERSEAS Union Enterprise (OUE) has warned that it expects to report a “material loss” for the year ended Dec 31, 2009, as a result of a fair value writedown on an
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    • 493 6  -  Revaluation losses, writedowns push company into red By UMA SHANKARI CAPITALAND unit Australand yesterday reported a net loss of A$298.2 million (S$368.1 million) for 2009 as it was hit by revaluation losses on its investment properties as well as writedowns of development and joint
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    • COMPANY BRIEFS
      • 55 6 LIPPO-MAPLETREE Indonesia Retail Trust said distributable income for the fourth quarter ended Dec 31, 2009, almost quadrupled to $12.4 million from $3.23 million a year ago. Distribution per unit was 1.16 cents, up from 0.30 cent. Total distributable income for the fiscal year rose 2.1
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      • 90 6 JURONG Technologies Industrial Corp's judicial managers said the Singapore Exchange (SGX) has informed them that the company will be delisted. The SGX is requesting the contract manufacturing company to make the necessary arrangements for the delisting by making a cash exit offer as
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      • 70 6 CHASEN Holdings reported that net loss attributable to shareholders for the third quarter to end-December 2009 widened from a year ago. Net loss was $130,000 compared to a net loss of $25,000 a year ago. The poorer performance was due to a project
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      • 75 6 ASIAN Micro Holdings warned that it expects to report a loss for its fiscal first half ended Dec 31, 2009. The weaker performance was mainly due to the decrease in the group's revenue and gross profit margin as the global economic crisis resulted in
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      • 62 6 TIME Watch Investments posted a 20.7 per cent rise in second-quarter net profit, lifted by higher sales. Net profit for the three months ended Dec 31, 2009, stood at HK$20.3 million (S$3.7 million) compared to HK$16.8 million in the same period
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      • 81 6 HG Metal Manufacturing said that LPM Projects Pte Ltd is seeking a payment claim of about $3.27 million. The claim is related to a proposed erection of a single-user industrial development at Jurong Port Road. HG Metal said its board is in discussion with
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      • 45 6 AVJennings swung into the black for the half year ended Dec 31, 2009. It posted a net profit of A$3.22 million (S$4 million) compared with a net loss of A$9.7 million in the same period a year ago.
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      • 50 6 SILVERLAKE Axis’s net profit for the second quarter ended Dec 31, 2009, plunged 84 per cent from last year to RM1.85 million (S$762,000) due to higher cost of sales, which more than tripled to RM10.7 million. Revenue rose 7 per cent to RM17.4 million.
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    • 533 9  -  Seller CapitaMalls Asia says right time to monetise property as it has stabilised By UMA SHANKARI CAPITAMALL Trust (CMT) has agreed to buy Clarke Quay from parent company CapitaMalls Asia for $268 million in cash, the two companies said yesterday. The purchase will increase
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    • 385 9  -  By JOYCE HOOI JURONG Cement Ltd (JCL) saw a ballooning in net loss to $5.65 million for the year ended Dec 31, 2009, from $729,337 for the preceding year. A major factor was the 31 per cent drop in revenue for the year
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    • 409 9  -  By OLIVIA HO COGENT Holdings has announced its initial public offering (IPO) of 92 million shares at 22 cents each. The homegrown fullsuite logistics service provider is offering 46 million new shares and 46 million vendor shares. Of the total 92 million shares, two million are
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    • 481 9  -  By VINCENT WEE MARINE services providers continued to ride out the downturn, with Marco Polo Marine more than trebling net profit for its first quarter of FY2010 ended Dec 31, 2009, to $4.8 million from $1.3 million a year earlier, boosted by
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  • Page 5 Advertisements
    • 260 5 NASSIMPARK RESIDENCES Mil .Jn ~m A MASTERPIECE by Chan Soo Khian, Christian Liaigre, Shunmyo Masuno In the heart of Nassim, Singapore's most desirable neighbourhood, comes the unveiling of Singapore's most coveted freehold address. A unique collaboration between three internationally acclaimed creative minds. Chan Soo Khian Founder of Singapore-based SCDA Architects.
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  • Page 6 Advertisements
    • 669 6 ft B SUBSCRIBE NOW! Invitation closes 23 February 2010 at 12.00 noon With an operating history spanning over 30 years, Cogent Holdings Limited is a full-service logistics management services provider in Singapore offering a comprehensive range of logistics services such as transportation management services, warehousing and container depot management services,
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  • Page 7 Advertisements
    • 279 7 Partnership Made Different Financial advisory (FA) firms have once again contributed significantly to NTUC Income's unprecedented performance in 2009, reflecting a partnership that has grown from strength to strength. The critical role of FA firms were highlighted at the annual NTUC Income FA Awards Appreciation Event, where the top achievers
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  • SINGAPORE MARKETS
    • 879 8  -  Asian units stage comeback against greenback in early trading CURRENCIES OH BOON PING Reporter AFTERanovernightsell-down,theBritishpound recovered slightly against its majors during Asian trading yesterday, despite mixed data on UK housing and retail sales. Against the US dollar, sterling traded at 1.5627 by 4.17pm up
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    • 186 8 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 2 3 0 0 0 11 2 3 Manufacturing 53 49 77 3 5 21 56 54 98 Commerce 18 15 33 5 4 3 23 19 36 Tpt/Stor/Comms 22 9 10
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    • BROKERS’ TAKE
      • 317 8 Feb 9 close: $3.03 CIMB-GK RESEARCH, Feb 9 SINGTEL’S annualised core net profit for 9M FY2010 (the nine months to Dec 31) was broadly within CIMB-GK and market expectations with +2.5 per cent and +3.5 per cent variances. Q3 FY2010 core net profit of $991 million was at the
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      • 466 8  -  Compiled by CONRAD TAN Feb 9 close: $14.50 AMFRASER SECURITIES, Feb 9 WE RE-AFFIRM our “buy” rating on Singapore Airlines (SIA) following its post-results briefing for Q3 FY2010 (the three months to Dec 31). Our fair value for its shares rises to $18.60 from $18.40 after raising our
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    • 117 8 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 18,037 18,037 47,303 47,303 Manufacturing 366,399 16,540 382,939 225,403 527 225,930 Commerce 106,262 9,308 115,570 114,249 1,681 115,930 Tpt/Stor/Comms 115,896 3,130 119,026 226,576 643 227,218 Finance 25,751 25,751 192,898 192,898 Construction 46,399 20,508 66,907 11,345
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    • 524 8  -  STOCKS JAMIE LEE Journalist SINGAPORE stocks gained yesterday as hopes of the European Union (EU) stepping in to rescue debt-ridden Greece lifted the gloom for some Asian markets. The Singapore market posted gains for a second straight session, with investors rummaging for bargains
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    • 114 8 Stock name Close Change Stock name Close Change CapitaLand 3.750 +0.070 CapitaMall 1.770 +0.040 CityDev 10.720 +0.300 ComfortDelGro 1.610 +0.050 Cosco Corp 1.210 +0.030 DBS Grp 14.400 +0.140 F&N 3.730 -0.030 Genting SP 1.090 Golden Agri 0.515 +0.015 HK Land 4.580 +0.170 JMH 30.240 +0.240 JSH
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    • 4 8 DAILY
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    • 66 8 Feb 9 VALUE CLOSE BT OB/OS -590.00 +535.0 BT CADI -*****.00 +68.0 BT 10-day MA -*****.00 -59.00 FTSE ST Mid Cap 656.94 +5.30 FTSE ST Small Cap 514.03 +3.76 FTSE ST All Share 676.11 +11.16 FTSE ST China Top 260.57 +2.41 FTSE ST China 280.54 +6.22 FTSE
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    • 57 8 VOLUME Genting SP 108,285,000 Eastgate Tech 71,941,000 Golden Agri 54,571,000 Thai Beverage 41,216,000 SingTel 32,183,000 Ying Li 26,014,000 RafflesEdu 23,848,000 CapitaLand 20,897,000 Z-Obee Hldgs 20,083,000 Noble Grp 18,337,000 VALUE($) Genting SP 116,317,920 SingTel 96,715,560 CapitaLand 77,735,420 DBS Grp 76,952,520 UOB 55,438,640 Noble Grp 49,696,000 Wilmar 48,192,710 IndoAgri
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    • 110 8 BY CENTS CLOSE UP UOB.ES.1002 1868 60.0 3.3 DBXT FTChina25 10US$ 2739 59.6 1.6 UOB 1880 54.0 3.0 DBXT MSTaiwan 10US$ 1490 42.5 2.1 Lyxor China H 10US$ 1452 41.1 2.0 JMH 3024 34.0 0.8 CityDev 1072 30.0 2.9 DBXT DJE50 10US$ 3833 25.5 0.5 HK Land 458 24.1
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    • 123 8 BY CENTS CLOSE DOWN Lyxor Europe 10 US$ 1141-100.7 -5.9 DBXT FTVietnam 10US$ 4314 -69.5 -1.1 GLD 10US$ ***** -61.0 -0.4 Jardine C&C 2448 -14.0 -0.6 SGX MBL iCW*****1 36.5 -10.0 -21.5 STXPO 100 1450 -10.0 -0.7 Spore Land 605 -10.0 -1.6 Venture Corp 865 -10.0 -1.1 OUE 900
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    • 87 8 Feb 9 CHNG YR 2010 CLOSE FR Feb 8 S$ LOW S$ HIGH US$ 1.4194 0.15 1.4219 1.3869 Euro 1.9479 -0.04 2.0153 1.9458 Pounds 2.2175 -0.15 2.2776 2.2142 A$ 1.2371 -0.18 1.2923 1.2276 Yen* 1.5852 0.28 1.5897 1.5027 Rupiah* 0.***** -0.08 0.***** 0.***** Baht* 4.2772 0.14
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  • Page 9 Advertisements
    • 147 9 singaporeair.com J. T":'0 .•>3 i n m T y RK ;.W v '{iiS-.- ,-vi* fc"'> <1 r < ■m** 90 *< 3 i r J i i cfr to IP from 28 i I <0 L 9* h r s > *1 'K k'v.v m i ry^, t k A
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  • SINGAPORE NEWS
    • SINGAPORE ROUNDUP
      • 86 10 THE Urban Redevelopment Authority (URA) launched a tender yesterday for a transitional office site in Mohamed Sultan Road. It said last month that a developer had committed to pay at least $9.33 million or $94 per sq ft per plot ratio for
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      • 62 10 COMFORTDELGRO said yesterday it will impose a $3 location surcharge for all taxi trips from Resorts World Sentosa from 6.00am this Friday, Feb 12. The move is to alleviate an expected surge in demand for taxis once the casino and theme park start operating. The
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      • 62 10 THE Tourism Academy@Sentosa will return to Temasek Polytechnic in October 2011 when an agreement between the poly and Sentosa Development Corporation ends. The academy, which operated as an off-campus learning institution on Sentosa, will run courses from the Polytechnic’s main campus in Tampines. It
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    • 501 10  -  S’pore, Indonesia ops contribute close to 30% of group’s pre-tax profit By MICHELLE QUAH MAYBANK Group saw its interim net income grow 43.5 per cent for the period just ended, on the back of a better performance across almost all sectors. Its Singapore operations
      FILE PHOTO  -  501 words
    • 56 10 SENIOR Minister Goh Chok Tong was guest-of-honour and Health Minister for Health Khaw Boon Wan was special guest at the launch of the National University Cancer Institute, Singapore (NCIS) at National University Hospital yesterday. More than $92,500 was raised at a charity auction to benefit the NCIS
      DESMOND LIM/THE STRAITS TIMES  -  56 words
    • 356 10  -  Contract with TPU is for building facility in Tembusu By ZEINAB YUSUF SAIWALLA JAPAN’s Marubeni Corp has clinched a contract to build Singapore’s first biomass and clean coal regeneration plant in Tembusu. The deal by TP Utilities Pte Ltd (TPU), a subsidiary of Tuas
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    • 161 10 MINDSHARE Singapore has appointed Peter Diermayr as its new managing director effective immediately. Mr Diermayr will be responsible for maintaining the agency’s leadership position in the market, and for rolling out new services for clients, especially in the areas of digital, content, activation and analytics. Mindshare
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    • 445 10  -  By NISHA RAMCHANDANI SINGAPORE GP (SGP), the race promoter for the Singapore Formula 1 Grand Prix, is lowering general ticket prices for five grandstand categories for this year’s race in response to feedback from last year’s ticketholders. This will translate to
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  • Page 10 Advertisements
    • 583 10 Head to CATS FASTADS in The New Paper for beauty haircare services! MATS BUY IT• SELL IT* FIND IT :*ATci BUY IT-SELL IT-FIND IT NOT I geMBaliili VINO U INTFRNATtONAl YING LI INTERNATIONAL REAL ESTATE LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****6356W) NOTICE OF EXTRAORDINARY GENERAL
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  • Page 11 Advertisements
    • 1751 11 Banking Corporation Westpac Banking Corporation and its controlled entities (All figures quoted in Australian dollars) %l^estpac Banking Corporation STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2009 STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER Consolidated 2009 2008 $M $M Parent Entity 2009 2008 $M $M Assets Cash and
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  • ECONOMY WATCH
    • 723 12 Lawmakers consider goods and services tax hike to no more than 15% from 12.5% Bloomberg [WELLINGTON] New Zealand’s government is considering cuts to personal income taxes to encourage investment and economic growth, with a higher rate of sales tax needed to pay for them,
      Bloomberg  -  723 words
    • 829 12 But bankers fear move may alienate risk averse investors Reuters [KUALA LUMPUR/ MANAMA] The global financial crisis has intensified a push for Islamic finance to “return to its roots” and move further away from conventional banking, but some warn that more
      Reuters  -  829 words
    • 362 12 Bloomberg [GENEVA] Swiss banks rejected suggestions by Finance Minister Hans-Ru-dolf Merz that the country should consider adopting European Union (EU) practices on automatic data exchange in return for better market access. “For us an automatic exchange of data remains out of the
      Bloomberg; AFP  -  362 words
    • 464 12 Bloomberg [London] The European Central Bank may be forced to delay the withdrawal of emergency lending measures as it could inflame financial market concerns about Greece, Spain and Portugal, economists said. Should the ECB push ahead with its exit strategy
      Bloomberg  -  464 words
    • 402 12 Inflation could hit 10% by Q2 Bloomberg [SIRKKA, Finland] A revival of confidence in the Vietnamese dong is dependent on evidence that the country’s inflation rate and trade deficit have been brought under control, said HSBC Holdings plc. The dong
      Bloomberg; AFP  -  402 words
    • 422 12 Reuters [CANBERRA] A successful conclusion to the Doha round of global trade talks is still possible in 2010, but would need an injection of political energy, World Trade Organization (WTO) head Pascal Lamy said yesterday. A summit of leaders from
      Reuters  -  422 words

  • MALAYSIA
    • 621 13  -  Half of the RM10b fund is expected to be invested by 2015, says its CEO By PAULINE NG By in Kuala Lumpur PROMISING Malaysian firms particularly bumipu-tra-owned ones could find financing a little easier with Ekuiti Nasional (Ekuinas), a RM10 billion
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    • 194 13 Bloomberg [KUALA LUMPUR] Aluminum Corp of China Ltd agreed to jointly develop and operate a US$1 billion smelter with billionaire Syed Mokhtar Al-Bukhary in Malaysia’s eastern Sarawak state where a US$2.4 billion hydroelectric dam is nearing completion. Aluminum Corp, of Chalco, will form
      Bloomberg  -  194 words
    • 714 13  -  Ex-chief minister had contested Zambry’s appointment By S JAYASANKARAN THE Federal Court brought the curtain down on the constitutional crisis in Perak yesterday by concurring with the Court of Appeal that Barisan Nasional’s Zambry Abdul Kadir was the lawful chief minister of the state. The
      REUTERS  -  714 words
  • Page 13 Advertisements
    • 102 13 STRUCTURED FINANCE t>u ia ng ine framework of a ■w; economy It's time for a change" Calyon changes its name to Credit Agricole Corporate Investment Bank. Choose a bank which is internationally recognised for its expertise in structured finance. Our sector specialists draw on unrivalled expertise for financing value-creating projects
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  • INDIA
    • 466 14 Demand expected to continue into Feb as customers fear tax hikes in budget Reuters [NEW DELHI] Indian monthly car sales touched a record high in January as customers bought vehicles ahead of possible tax hikes in the Feb 26 federal budget and
      Reuters; REUTERS  -  466 words
    • 290 14 Reuters [MUMBAI] The Indian central bank on Monday increased disclosure requirements for banks who sell securitised assets to increase transparency for investors under the enhanced Basel II framework. The Reserve Bank of India (RBI) said banks needed to clearly state what role they had played in
      Reuters  -  290 words
  • Page 14 Advertisements
    • 2256 14 MATS NOTICES BUY IT-SELL IT• FIND IT 2 TRANSVIEW HOLDINGS LIMITED (Company Registration No.: *****2905Z) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Transview Holdings Limited ("the Company") will be held at Aster Room, Level 3, Singapore
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    • 1578 14 MATS Toll free: 1800-289-8822 Email: notices@sph.com. NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF IVORY ASSET MANAGEMENT-7 PTE. LTD. (In Members' Voluntary Liquidation) CO. REG. NO. *****2508N Extract of the Minutes of an Extraordinary General Meeting of IVORY ASSET MANAGEMENT-7 PTE. LTD. signed
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    • 356 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 CARBONE LORRAINE SINGAPORE HOLDING PTE LTD (Co. Reg. No.: *****3152W) MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company convened and held at Immeuble La Fayette, 2/3 place des Vosges, ***** Courbevoie, France on 5 February 2010, the following
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  • GREATER CHINA
    • 761 15 Pending data likely to spur interest rate rise, loosening of controls on yuan Bloomberg [BEIJING] China’s banks probably made more new loans in January than the previous three months combined as lenders sought to head off a credit clampdown by
      Bloomberg; AFP  -  761 words
    • 245 15 Reuters [BEIJING] China Investment Corp (CIC) will manage more of its investments in developed markets in-house this year, head of the US$300 billion sovereign wealth fund said in remarks carried by official media yesterday. Lou Jiwei, the chairman of CIC, said the fund would
      Reuters  -  245 words
    • 356 15 Move is expected to relieve pressure on pension fund [SHANGHAI] Authorities in Shanghai will raise the city’s retirement age to relieve pressure on the pension fund as they struggle to cope with an ageing population and falling birth rates, state media said yesterday. Vice Mayor
      BLOOMBERG  -  356 words
    • 354 15 A deal with China Power Int’l would be a coup for Palmer AP [SHANGHAI] Australian mining magnate Clive Palmer yesterday reconfirmed plans for a coal deal with a major Chinese utility, though the value of the contract touted at US$60 billion remains in
      AP  -  354 words
    • 230 15 Bloomberg [HONG KONG] China’s economic growth is “too strong” for government officials who are already trying to tighten credit, says Goldman Sachs Group Inc’s chief global economist Jim O’Neill. The expansion “is probably stronger than Chinese policymakers would like”, Mr O’Neill said at a
      Bloomberg  -  230 words
  • Page 15 Advertisements
    • 145 15 This number could change your life forever. 3 1 0 3 If you apply for The NANYANG MBA with Accountancy Specialisation by 31 March 2010, that is. mm NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School Leave nothing to chance when it comes to your career or entrepreneurial goals. The NANYANG MBA
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  • BT-NBS ROUNDTABLE
    • 2807 16  -  BT-NBS Roundtable Moderator and writer: Narendra Aggarwal Director, Public Affairs, NBS OVERVIEW CHINA’S stock market is now bigger than the bourses in London and Tokyo and has become the second largest in the world after the United States. Some of the largest firms in the
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  • ASIA-PACIFIC/WORLD
    • 584 17 Bank’s disappointing second-half outlook raises worries about key equity business Reuters [SYDNEY] Macquarie Group, Australia’s top investment bank, forecast a disappointing second-half profit and gave an outlook that raised worries about its key equity business, sending its shares sliding 6 per cent. Macquarie warned in its
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    • 602 17 Bloomberg [TOKYO] Kirin Holdings Co, Japan’s biggest brewer, plans to accelerate overseas expansion after talks to take over Suntory Holdings Ltd failed over the merger ratio. “Kirin will keep looking for mergers as part of its growth strategy,” president Kazuyasu Kato told reporters
      Bloomberg  -  602 words
    • 55 17 [BUDAPEST] Visitors looking at pictures by the father of French President Nicolas Sarkozy, Pal Sarkozy, and German artist Werner Hornung in the Abigail gallery on Sunday during the opening of their exhibition a joint retrospective entitled “Out of Mind”. The exhibition of their pictures will be presented
      AFP  -  55 words
    • 353 17 Bloomberg [LONDON] British taxpayers may sell their stakes in Royal Bank of Scotland Group plc and Lloyds Banking Group plc in five years, with RBS exiting the government asset insurance programme in “two to three years”, a panel of lawmakers reported,
      Bloomberg  -  353 words
    • 637 17 The Hatoyama govt wants to expose Cold War treaties AP [TOKYO] They were Tokyo’s worst-kept diplomatic secrets: clandestine Cold War era agreements with Washington that obligated Japan to shoulder the costs of US bases and allow nucle-ar-armed US ships to sail into Japanese ports. For
      AP  -  637 words
    • 366 17 AP [FRANKFURT] General Motors Co’s (GM) Opel unit said yesterday that it plans to invest 11 billion euros (S$21.5 billion) through 2014 and appealed for government help as it detailed a restructuring drive that will result in about 8,300 job cuts across Europe.
      AP  -  366 words
    • 713 18 Bank’s focus on serving only the rich creates profitable business that’s sustainable Reuters [NEW YORK] Credit Suisse, mostly unscathed as losses and turmoil have slammed rivals, is expanding its US wealth management business as it steers clear of building a big, soup-to-nuts brokerage.
      Reuters  -  713 words
    • 363 18 Reuters [CANBERRA] Australia’s government yesterday rejected election-year charges by the Opposition that the country was close to default on national debt, charging its controversial finance spokesman with threatening its sovereign rating. “Investors around the world don’t find these remarks amusing. They take them seriously,”
      Reuters  -  363 words
    • 53 18 [BERLIN] Berlin Bear awards lined up for the upcoming Berlinale International Film Festival atNoak bronze foundry in this city. The 60th Berlinale competition, considered alongside Cannes and Venice to be one of the world’s most prestigious film festivals, runs from tomorrow to Feb 21 in the
      REUTERS  -  53 words
    • 408 18 Its GDP may surge 17% this year, says central bank chief Reuters [DOHA] Qatar does not see the need to provide more support to its banks after it spent US$900 million on buying bank stakes amid the financial crisis to bolster the sector, its
      Reuters  -  408 words
    • 538 18 Reuters [YOKOHAMA] Nissan Motor Co, Japan’s third-larg-est automaker, returned to quarterly profit and yesterday lifted its outlook for the second time, though warning of a still shaky outlook for the global car market. Nissan joins Toyota Motor Corp and Honda Motor Co
      Reuters  -  538 words
    • 836 18 NYT [NEW YORK] Could book publishers suddenly be in the position of bossing Google around? With the impending arrival of digital books on the Apple iPad and feverish negotiations with Amazon.com over e-book prices, publishers have managed to take some control
      NYT  -  836 words
    • 776 20 Damages could be in the billions of dollars in the loss of value alone: lawyer Bloomberg [SOUTHFIELD, Michigan] Lawsuits against Toyota Motor Corp, the world’s largest carmaker, will push the cost of recalls linked to sudden acceleration past a US$2 billion
      Bloomberg; REUTERS  -  776 words
    • 617 20 Its lean and just-in-time mfg models have intrigued many AFP [TOYOTA CITY, Japan] Toyota Motor Corp, hit by massive recalls worldwide, started as an offshoot of a textile loom company to become one of Japan’s most iconic companies and the world’s number
      AFP  -  617 words
    • 685 20 Bloomberg [LONDON] Peter Norris and Vernon Hill, forced out of the banks they once ran amid scandals, are taking on the UK’s biggest lenders to rebuild their reputations in Britain’s new banking gold rush. Mr Norris was banned from being
      Bloomberg; FILE PHOTO  -  685 words
    • 612 20 Reuters [FRANKFURT] Banks keen to look beyond capital ratios for safety are embracing an integrated approach to managing risk in the post-crisis world, with Deutsche Bank and BBVA among those reworking their strategies. After surveying 28 chief risk officers at the world’s largest financial
      Reuters  -  612 words
    • 459 20 Bloomberg [BRASILIA] Brazil, the world’s second-biggest exporter of iron ore, may start taxing foreign sales of the material in a bid to goad companies into building more domestic steel plants, Energy and Mining Minister Edison Lobao said. Brazilian President Luiz Inacio Lula da
      Bloomberg  -  459 words
  • Page 17 Advertisements
    • 162 17 WATS NOTICES IN THE MATTER OF COMPANIES ACT, CAP. 50 AND IN THE MATTER OF S. UCHIDA ELECTRONICS (SINGAPORE) PTE LTD REG NO. *****1 750M (In Members' Voluntary Liquidation) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that the
      162 words


  • WORLD
    • 1008 19 With jobless rate still high, markets could be spooked if it moves too abruptly LAT-WP [WASHINGTON] When you’ve flooded the economy with trillions of dollars, mopping up is no easy task. That’s the reality the Federal Reserve is confronting as it starts to
      LAT-WP; AFP  -  1,008 words
    • 640 19 Republicans reluctant to participate, saying event is ‘political gamesmanship’ Reuters [WASHINGTON] President Barack Obama’s call for a healthcare summit including both his fellow Democrats and Republicans sets the stage for a final push to get stalled legislation through Congress, but sceptical Republicans
      Reuters  -  640 words
  • Page 19 Advertisements
    • 246 19 r > WINE DINE AND HOSPITALITY THE SWEETEST BEGINNINGS Wine and dine your significant other with indulgent all-you-can-eat presentations (Global Kitchen), exquisite kaiseki menus (Keyaki) or hearty Italian (Zambuca). End on a sweet note with an irresistible heart-shaped cake (Atrium Deli). This Valentine's Day, set the mood for love in
      246 words


  • Transport HUB
    • 817 21  -  STRAIT TALK By DAVID HUGHES THE International Maritime Organization (IMO) has designated 2010 the Year of the Seafarer. The aim is to raise the profile of the seafarer in the eyes of the general public. The head of the IMO secretariat, secretary-general Efthimios Mitropoulos, is personally
      817 words
    • 542 21 Reuters [COPENHAGEN] Container shipping markets have been more active than expected in early 2010, but that is apparently linked to restocking and activity is likely to taper off, the head of AP Moller-Maersk said. Chief executive Nils Smedegaard Andersen said last Friday that freight rates have
      Reuters  -  542 words
    • 635 21  -  Kenichi Kuroya returning to Japan to be president and CEO of K Line Reports by VINCENT WEE AFTER over half a decade in Singapore, former K Line Pte Ltd (KLPL) managing director and executive chairman Kenichi Kuroya is stepping down from the local posting to head back to
      635 words
    • 286 21 SGX '000 Feb 9 S$ +/-Vol CH Offshore 0.63 0.02 800 Chuan Hup Hldgs 0.32 unch 103 Cosco Corp 1.21 0.03 7557 CWT Ltd 0.95 unch 1568 Ezra Hldgs 2.18 0.04 ***** First Ship Lease 0.59 0.01 362 Freight Links 0.05 0.01 645 Grand Banks 0.45 unch 15
      286 words
    • 400 21 Shipping community concerned over increasing attacks THE continuing piracy menace in the Gulf of Aden and Indian Ocean was discussed at a joint workshop organised by the Singapore Shipping Association (SSA) and the Maritime and Port Authority of Singapore on Monday and there was
      400 words
    • TRANSPORT HUB: AVIATION
      • 618 22 At 76 m long, it’s Boeing’s biggest ever and is 5.5 m longer than 747-400 AP [WASHINGTON] Boeing Co’s giant 747-8 freighter the biggest plane the company has ever built successfully completed its first flight on Monday, a year later than originally planned. The huge
        AP; AFP  -  618 words
      • 596 22 Case could result in tighter security on airport tarmacs Bloomberg [ATLANTA] A body found in the landing-gear compartment of a Delta Air Lines jet that flew to Tokyo’s Narita Airport from New York may spur a fresh review of US aviation
        Bloomberg  -  596 words
      • 341 22 AFP [SYDNEY] Australia will introduce full body scans for airline passengers as it strengthens aviation security in response to a failed attempt to bring down a US-bound plane, the government said yesterday. Prime Minister Kevin Rudd said A$200 million (S$247.7 million) would be spent
        AFP  -  341 words
      • 2902 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi EY470 2200 SQ456 1245 Adelaide LH9771 1740 9W4082 2215 SQ268 1740 AF8088 2215 VS7268 1740 BA7382 2215 JL5083 2215 QF82 2215 LH9770 2350 SQ269 2350 VS7269 2350 Ahmedabad NH6293 0710 SQ531 0710 Amsterdam KL145 0010 KL146 0150 LO4031 0610
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    • TRANSPORT HUB: LAND
      • 537 23 Lead contractor will be named within a year, with work due to start in 2012 Bloomberg [HANOI] Vietnam, planning to build Southeast Asia’s first bullet train, will select a Japanese group as lead contractor for the US$56 billion project as it boosts
        Bloomberg; BLOOMBERG  -  537 words
      • 489 23 AP [WASHINGTON] A US$20 cab ride to the airport skyrocketed to the “snow rate” of US$100 in the US capital, and those travellers who could get to the airport or train station still had to haggle or wait in long lines to
        AP  -  489 words
      • 386 23 Fiat CEO sees production of 130,000 cars a year Reuters [TOLUCA, Mexico] Mexico could produce up to 130,000 Fiat 500s a year, seen as key to the recovery of Chrysler in the United States, with a US$550 million investment, Fiat chief executive
        Reuters  -  386 words
      • 406 23 Reuters [MEXICO CITY] The US Congress could be moving closer to allowing Mexican trucks to haul cargo through the United States, helping to end a trade dispute hurting some exporters, the US Trade Representative said on Monday. In March 2009, US lawmakers cancelled
        Reuters  -  406 words
      • 477 23 Reuters [HAMBURG] Wolfgang Bernhard’s ascendancy to a management board post at Daimler boosted shares in the German carmaker on Monday and fuelled talk he may be chief executive Dieter Zetsche’s heir apparent. Analysts see the dashing 49-year-old with movie star good looks as a
        Reuters  -  477 words
  • Page 21 Advertisements
    • 48 21 BIMCO ASIA SHIPPING SCHOOL tc I 'to lit Wv"' A U-i In collaboration with the Maritime and Port Authority of Singapore 0 M P A Registration available at www.birnco.org Formore information," please contact BIMCO Education: tTel-T+45 4436 6800' FaxT+45*4436 6868 E-mail: education@bimcororg www.lJimco.org m .a. BIMCO EDUCATION *5*1
      48 words

  • Page 22 Miscellaneous
    • 326 22 CRYPTIC CROSSWORD Across 1 Lightweight insect is caught nipping maiden (6) 4 Boats that can sail on account of blows (6) 8 A learner next to where he should be is relaxed (8) 10 Comment on one of the Gospels (6) 11 Lodge with paths ultimately leading to river (4)
      326 words


  • EDITORIAL & OPINION
    • 455 24 EDITORIAL THE opening of Singapore’s first integrated resort (IR) expected to be on or just before Chinese New Year will kick off a new chapter in the history of Singapore’s tourism industry and, indeed, of its economy. While this is worth celebrating, it
      455 words
    • 784 24  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator ALMOST 20 years ago, in the wake of the Tiananmen Square military crackdown, China faced international isolation and its leader, Deng Xiaoping, devised a foreign-pol-icy strategy for
      784 words
    • 935 24  - Davos realism replaces pessimism There was caution about the near-term and about challenges facing advanced economies By GERARD LYONS The writer is chief economist at Standard Chartered Bank THE mood at Davos last year was pessimistic. This year, it was realistic. It will have to wait until next year to
      BLOOMBERG  -  935 words
    • 1431 25  -  The West has to stay on as long as is needed to capture or eliminate Al-Qaeda and the hardcore Taliban leadership By ISHTIAQ AHMED The writer is a visiting research professor at the Institute of South Asian Studies, an autonomous research institute at the National University
      AP  -  1,431 words
    • 983 25  -  MATTHEW LYNN The writer is a Bloomberg News columnist. The opinions expressed are his own RAHM Emanuel, US President Barack Obama’s chief of staff, said that “you never want a serious crisis to go to waste” during the 2008 credit crunch. “It’s an opportunity
      983 words


  • SINGAPORE STOCKS
    • 8902 26 Transaction date: Feb 9 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 3 3148 8Telecom 15.5 unch 300 15.5 15.5 15 16 5 0.7 28.2 74.2 10 2.5 5834
      8,902 words
    • 1704 27 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 s AA Grp 5 4.5 6 4.8 25 12 8538 t APStrategic 14 -2.5 69 14 14 13.5 14
      1,704 words
    • 9360 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.15/ APS Alpha Fund (USD)!** 0.81/ AXA Life Secure Ascent 2020 Fund 0.9248/0.9248 AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.67/ Aberdeen Asset Mgt Asia Limited American Opp 0.6249/ Asian Credit Fund 1.2229/ Asian
      9,360 words
    • 464 27 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 111 107 6389 ABF SG Bond ETF 109 109.1 112 497.6 846 427 CIMBAsean40 100US$ US767 777 782 30.7 298 149 DBS STI ETF
      464 words
    • 256 27 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 20 6000 AVJennings A47 45 47 3.6 7.4 3.8 122.4 31 6 6017 Genting HK US$ US21.5 +0.5 1526 21.5 20 21 21.5
      256 words


  • FINANCE & COMMODITIES
    • 365 28 In local curr In S$ In US$ dy yr dy yr dy yr Feb 8 Index Change Change Change Change Change Change World Index Preliminary 791.3 0.3 -4.9 0.4 -4.7 0.4 -5.9 EAFE Preliminary 738.2 0.2 -5.9 0.5 -6.6 0.4 -7.8 Europe Preliminary 1049.8 0.7
      365 words
    • 184 28 Feb 9 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 10 297.0 600 Apr 10 297.5 380 May 10 298.5 646 Jun 10 293.5 293.5 298.5 80 690 Jul 10 298.5 330 Aug 10 298.5 200 TSR 20
      184 words
    • 90 28 Feb 9 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 13.05.2010 0.40 0.33 0.33 1-Year BY*****N 01.11.2010 0.43 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.45 104.51 104.40 5-Year N*****0N 1.375 01.10.2014 100.59
      90 words
    • 132 28 Feb 9 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2190 1.2560 Can dollar 1.3160 1.3320 Euro 1.9310 1.9540 NZ dollar 0.9650 0.9850 Sterling pound 2.2050 2.2310 US dollar 1.4140 1.4310 Local dollars to 100 units of foreign
      132 words
    • 180 28 Feb 9 $S Offer Bid Overnight 1/8 1/16 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 1/8 US$ 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 12
      180 words
    • 2441 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3 1 15 29 4.67 51 2036 Advance SCT Ltd W*****9 0.5 1 87 1844 9.00 6 8756 Asiatic Grp (H) W*****2 8.5 -1 2 1
      2,441 words
    • 67 28 Feb 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 10 2560 2560 2564 2560 224 562 Mar 10 2552 2561 2573 2552 2253 7778 Apr 10 2566 2561 2570 2545 8654 ***** May 10 2564 2555
      67 words
    • 22 28 Feb 9 S$ Bid Offer 1-month 1.4182 1.4203 2-months 1.4185 1.4206 3-months 1.4187 1.4208 6-months 1.4193 1.4214 Source: OCBC
      22 words
    • 29 28 Feb 9 Open High Sett STI Feb 2685 2732 2745 SIMSCI Feb 322.5 329.8 329.8 Taiwan Feb 259.9 266.2 264.5 Source: MF Global (S) Pte. Ltd
      29 words
    • 85 28 Feb 9 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • 353 28 Feb 9 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar10 99.7000 0 9586 Jun10 99.5800 0 7231 Sep10 99.3550 0 2220 Dec10 99.0500 0 2271 EUROYEN TIBOR FUTURES Mar10 99.5750 99.5750 99.5750 99.5700 0 4282 Jun10 99.6200 28 1533 Sep10 99.6400 0 1921 Dec10 99.6250 10
      353 words
    • 465 28 Feb 9 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.931 5.947 0.634 6.769 40.637 81.544 0.780 10.140 2.991 1.264 73.969 40.415 1.236 6.710 0.931 27.961 28.902 0.557 0.871 Canada 1.074 6.386
      465 words
    • 142 28 Feb 9 GOLD (US$/oz) Feb 09 Feb 08 Hong Kong 1068.80 1071.70 Feb 05 Feb 08 London 1056.40 1071.00 1057.20 1071.80 Source: Thomson Reuters CAST BAR Feb 08 (S$) Selling Buying Kilobar "52,730.67" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 117.7 49 5gm 334.91 246 10gm 599.2
      142 words
    • 154 28 Feb 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2352 1.2372 0.8711 0.8713 Canadian dollar 1.3262 1.3285 0.9353 0.9355 Euro 1.9471 1.9501 1.3731 1.3733 NZ dollar 0.9770 0.9791 0.6890 0.6895 Sterling pound 2.2180 2.2214 1.5642 1.5644
      154 words
    • 69 28 Feb 8 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1980.75 1948.75 3 months 2012.00 1980.00 Copper, Grade A (US$/tonne) Cash 6427.00 6259.00 3 months 6450.00 6280.00 Lead (US$/tonne) Cash 1944.75 1916.25 3 months 1965.00 1936.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • 105 28 Feb 8 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 10 929.50 913.50 939.75 918.75 May 10 940.00 924.25 949.50 929.50 Jul 10 948.00 932.75 957.00 938.00 Aug 10 944.00 928.75 952.50 938.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 10 37.95 37.00 38.47
      105 words
    • 77 28 Feb 8 COCOA (£/tonne) Close Prev High/Low Mar 10 2237 2205 2239/2186 May 10 2214 2199 2218/2178 Jul 10 2196 2183 2199/2160 Sep 10 2176 2164 2177/2147 COFFEE (US$/tonne) Close Pev High/Low Mar 10 1296 1295 1300/1275 May 10 1330 unch 1334/1310 Jul 10 1360 1359 1365/1340 SUGAR (US
      77 words
    • 77 28 CRUDE OIL PRODUCTS Feb 8 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 70.46 -0.26 WTI (Near Mth) 71.82 0.13 Dubai (1-Mth F) 70.20 -1.04 Tapis blend 73.05 -1.30 Minas 72.55 -1.30 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 72.78 -2.39 Jet Kerosene 78.30 -0.65 US$/barrel Opec Oil
      77 words
  • Page 28 Advertisements
    • 109 28 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 losses
      109 words

  • 6348 29 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN RTM/ANR/TIL *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination SAN SIMEON NEW ORLEANS/CAMDEN *Loads E./W.
    6,348 words
  • Page 29 Advertisements

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  • Page 31 Advertisements
    • 66 31 Jl IHFI ■®l Newsman Sole Marketing Agent 19,000sqft Spacious Road 11 .OOOsqft Living Space Sumptuous Interiors with Luxury Bathrooms Private Pool and Pavilion Fully furnished with Designer's furniture 1 Car park spacious for 16 cars 1 Designed by award-winning firm K2LD 1 Modern accents reflected throughout 1 Large Professional Equipped
      66 words
    • 6 31 Lianhe Zaobao Raising productivity helps GuiTe
      6 words
  • executive Money
    • 772 31  -  Emerging economies are increasingly becoming the centre of economic activity in this decade MONEY MATTERS MICHAEL PREISS The writer is an investment adviser and finance professor and can be reached at: Michael@michaelpreiss.net WHAT is risky and what is safe? Many investors increasingly ask
      AP  -  772 words
    • 710 31 NYT [NEW YORK] The stock market has changed considerably since early 2000, when the Standard Poor’s 500 index traded at a record-high valuation. Today, stocks are only about half as expensive, based on their price-to-earnings ratios. And they’ve become a bit cheaper lately:
      NYT  -  710 words
    • 688 31 NYT [NEW YORK] For the wealthy, index funds have an image problem. They are considered the economy cars of the investing world: they’ll get you there but not in style and you’re always worried they may break down. Anyone at a serious level of
      NYT  -  688 words
    • 945 32  -  Investors should banish the thought of a buy and hold approach as increasing volatility may lead to a proliferation of pullbacks which could erase gains, reports GENEVIEVE CUA GENEVIEVE CUA INVESTORS should use the recent correction to buy into markets, say strategists
      Source: Datastream, Credit Suisse / IDC  -  945 words

  • Page 32 Advertisements
    • 76 32 L .ANG MAHAL R celebrates the Grand Opening of ranq mahal A C E LE B RATION m 88 V OF INDIAN CUISINE V 26 Sentosa Gateway Hard Rock Hotel Resorts World Sentosa Tel: 6238 7013 www.rangmahal.com.sg NG&O CUBE Our Partners: HENG GUAN SENG KEE TRADING PTE LTD (rJc^Ccl SENTOSA
      76 words
    • 9 32 MONEY MATTERS Exploring the New Silk Road Page 31
      9 words