The Business Times, 13 February 2010

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Microfilm: NL30588
Total Pages: 48
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    16 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg FEBRUARY 13-14, 2010 S$1.00 MICA(P) 124/08/2009 A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • Article
    Lock icon BT takes a break on Monday
    59 1 THERE will be no publication of BT on Monday. It will be back on Tuesday, when readers will be treated to a special Oriental Issue featuring all things Chinese. The Prime Minister wishes all Singaporeans a happy Year of the Tiger. And from the
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  • Article, Illustration
    Lock icon Dodgy football pitch or S’pore’s own goal?
    1243 1  -  As S’pore fights for World Cup 2010 TV rights, numbers obtained by BT show how much other countries paid and why Fifa’s holding out for more By Michelle Quah michquah@sph.com.sg Singapore AS Fifa locks horns with SingTel and StarHub, Singaporeans are waking up
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      187 1 the business times www.businesstimes.com.sg FEBRUARY 13 14, 2010 S$1.00 MICA (P) 124/08/2009 the raffles conversation HEINEKEN’S GLOBAL CEO 8-9 CEOS'HAWKER GUIDE Oyster omelette L6-7 WEALTH Drawn by life policy funds 30-31 toyota’s woes 2010 Camry recalled in US TOYOTA’S recall contagion in the US has spread to the 2010 Camry
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  • TOP STORIES
    • Article, Illustration
      Lock icon Frenzied demand for auspicious vegetables
      719 2  -  Surging sales due to demand for vegetables which are believed to bring wealth, luck or family togetherness By Jaslene Pang,Olivia Ho jaspang@sph.com.sg oliviaho@sph.om.sg Singapore WHO says Chinese New Year (CNY) is a season of expanding waistlines from overindulgence of fatty foods? If sales figures from
      PHOTO: YEN MENG JIIN  -  719 words
    • Article
      Lock icon MARKETS
      136 2 STI 2,758.90 (+5.27) STI FUTURES 2,759.00 (+5.00) SIMSCI 330.03 (+0.10) SIMSCI FUTURES 330.30 (-0.10) STOCKS Friday Change KL COMP 1,253.39 +3.97 NIKKEI 225 10,092.19 +128.20 HANG SENG 20,268.69 -22.00 SET 698.03 +2.62 JAKARTA 2,534.14 +26.39 MANILA 2,949.65 +40.77 KOSPI 1,593.66 -4.15 SHENZHEN B 591.02 +4.93 MUMBAI IND closed 11
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    • Article
      Lock icon Putting the ‘Loon’ in Lunar
      756 3  -  SATURDAY SOAPBOX| By Joyce Hooi AS YOU gnaw away on your bak kwa throughout this weekend (and maybe well into March for a more “prosperous” look), it might be worth wondering why not liking Chinese New Year is akin to kicking a three-legged puppy. We’ve
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    • Article, Illustration
      Lock icon Celebrating a romantic CNY
      579 4  -  Some hotels, restaurants trying to cater to both the traditional and the romantic By Jaslene Pang, Zeinab Yusuf Saiwalla jaspang@sph.com.sg zeinabs@sph.com.sg Singapore WITH Chinese New Year (CNY) and Valentine’s Day coinciding this year, it is no wonder that hotel and F&B promotions are looking more exotic
      PHOTOS: ARTHUR LEE  -  579 words
    • Article
      Lock icon Consumer confidence slides, retail sales jump again
      374 4 latest us data| Bloomberg Reuters AP Washington CONFIDENCE among US consumers unexpectedly fell in February from a twoyear high, signalling Americans may not be convinced the job market is turning around, a survey showed. The Reuters /University of Michigan preliminary consumer sentiment index
      Bloomberg; Reuters; AP  -  374 words
    • Article
      Lock icon 2010 Camry recalled in US for brake issue
      421 6  -  Models sold in Singapore not affected by the power-steering hose problem By Samuel Ee samuelee@sph.com.sg Singapore TOYOTA’S recall contagion in the US has spread to the 2010 Camry because of a brake problem but Singapore models are not affected. The Camry is
      421 words
    • Article, Illustration
      Lock icon Greek slump threatens debt relief plan; EU aid elusive
      514 6 Greek GDP for last year revised down Reuters AP Athens DOUBTS over Greece’s ability to resolve its debt crisis increased yesterday after its economy fell more than economists had predicted for the final quarter of last year and the government revised
      Reuters; AP; REUTERS  -  514 words
    • Article
      Lock icon BMW plans to ride economic rebound with new models
      495 6  -  By Lee U-Wen leeuwen@sph.com.sg Cascais, Portugal ROCKED by the financial crisis last year which saw its automobile sales plunge 10.4 per cent, the time is ripe for BMW to make the most of the economic rebound as a number of new
      495 words
    • Article
      Lock icon Banks roll out more attractive home loans
      712 7  -  Homebuyers benefit as rivals scramble to match lower rates of market leader DBS By Siow Li Sen lisen@sph.com.sg Singapore HOMEBUYERS should rejoice as it looks like a home loan war is afoot. DBS Bank has been lowering its home loan rates, forcing rivals
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    • Article
      Lock icon PM Lee: S’pore must raise productivity, rejuvenate population
      331 7 SINGAPORE has reached a turning point in its economic development and must work smart to transform its economy, the Prime Minister said yesterday in his annual Chinese New Year message. Lee Hsien Loong, now in his sixth year as Prime Minister, said
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      55 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Week In Review 10 Companies 11-14 From The Desk Of 15 Singapore 16-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-33 Househunt 34 Real Estate 35 LIVING Travel L2-4 CEOs’Hawker Guide L6-7 Dining L8-11 Shopping L12-13 Gadgets L14 ClipperRace L15 Sport
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  • Page 3 Advertisements
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      54 3 \p 0 <1 W V;, A iki t S J INCt ?80 c Wishing all our friends customers a irous .ear* We are open on 17th February Happ n 65 Mohamed Sultan Road. Singapore *****3 Tel: 6734 3425,6235 3221 Fax: 6235 3762 Opening Hours: Mon-Sat 10.30am 7.00pm Sun Public Holidays
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      Lock icon Page 3 Advertisements Column 2
      58 3 l/v/1 Singapore Pools wishes all our customers good luck and prosperity in the lunar year. 5 7T Tackpot snowballed to SK.932,280 $5 Million Reunion Draw Mon, 15 Feb 2010, 9.30pm Tickets on sale at all outlets. $10 Pack also available for your convenience. p a Yci Always care responsibly] Do
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      378 5 Novena Holdings Limited is now officially known as VIKING OFFSHORE AND MARINE LIMITED VQxM VIKING OFFSHORE&MARINE Viking Offshore Marine Limited is proud to announce our foray into the offshore and marine services as the preferred solutions provider. Our 100% owned subsidiary Viking Airtech Pte Ltd, incorporated in 1994, is now
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon No small beer
      2262 8/9  -  Heineken global CEO Jean-Francois van Boxmeer shares his vision and ambitions. By Chew Xiang By Chew Xiang xchew@sph.com.sg SOMEWHERE in the hidden fantasies of large swathes of the malepopulationisthethought that,youknow what,wouldn’t it be really really cool to work for a brewery? You could have beer on tap,
      ARTHUR LEE  -  2,262 words
  • Page 8/9 Advertisements
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      Lock icon Page 8/9 Advertisements Column 1
      70 8/9 The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. Raffles Hotels Resorts epitomizes enchanting experiences, embodying global sophistication and residential charm. Each is exclusive, intimate with a distinctive sense of place, imbued with heartfelt service that is intuitive and unobtrusive “like a gentle breeze”.
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK | Feb 8-12, 2010
      • Article
        Lock icon Private bankers on a roll from talent hunt
        53 10 THE Republic’s private bankers are playing musical chairs again at least in some segments. Most recently, Barclays Wealth has lured away another three senior private bankers from UBS to beef up its wealth management team here catering to non-resident Indians in Asia,
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      • Article
        Lock icon Oil refining industry chalks up losses
        47 10 OIL refineries, including those in Singapore, are bleeding. This is evidenced by the huge fourth quarter refining losses reported by “Big Oil” including ExxonMobil, Chevron, Shell and BP recently. And they may not be able to stem the haemorrhaging this year.
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      • Article
        Lock icon Accountancy sector poised for shake-up
        61 10 THE accountancy sector is set for a shake-up, if plans to consolidate the 500 small and medium practices here over a two-year period materialise. The Committee to Develop the Accountancy Sector has proposed financial incentives to spur the process: Grants for firms to cover post-merger
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      • Article
        Lock icon Junket promoters may have finger in money-lending pie
        65 10 IT looks like everyone wants a piece of the casino action when it opens. According to the Insolvency and Public Trustee’s Office, the number of licensed moneylenders increased by 47 in 2009, up from 173 in 2008, representing a jump of 27
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      • Article
        Lock icon SIA’s 11th A380 delayed by Japan seat-makers’s lapses
        60 10 KOITO Industries, the Japanese supplier of seats to carriers including Singapore Airlines, falsified test results and made unauthorised design changes, according to Japan’s Transport Ministry. SIA said the situation is affecting delivery of its 11th Airbus A380 as well as installation of
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      • Article
        Lock icon SingTel scores a sizzler, with MioTV base up 23%
        56 10 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 new mio TV customers for
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      • Article
        Lock icon Toyota recalls another 437,000 cars
        38 10 BOWING to the inevitable, Toyota Motor Corporation Japan’s and the world’s leading carmaker announced on Tuesday that it is recalling 437,000 of its Prius and other hybrid models worldwide to repair brake problems.
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      • Article
        Lock icon Snowed-in Bernanke sends out exit strategy
        39 10 US Federal Reserve chairman Ben Bernanke said the Fed could begin pulling back its unprecedented stimulus for the economy by first removing some cash from the financial system and then raising interest rates.
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      • Article, Illustration
        Lock icon SAYING SORRY
        26 10 ‘I apologise for causing trouble and concern to many people over the quality and safety of Toyota vehicles,’ its president Akio Toyoda said BLOOMBERG
        BLOOMBERG  -  26 words
      • Article
        Lock icon China exports spike 21% in Jan
        40 10 CHINA’S exports surged in January for the second straight month, affirming its new position as the world’s leading exporting nation. Shipments grew 21 per cent from a year ago to US$109.475 billion last month.
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      • Article
        Lock icon Collective sales set to take off again
        62 10 AS many as 50 collective sales may be launched this year, though less than half of these could translate into actual deals before year-end, say property agents polled by BT. A study by property consultant Credo Real Estate has listed a total of
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      • Article
        Lock icon European leaders agree to extend lifeline to Greece
        40 10 EUROPEAN leaders struck a deal on Thursday to provide financial aid to Greece, an unprecedented move to stave off a broader crisis in the 16-nation bloc that shares the euro single currency.
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      • Article
        Lock icon Great earnings but Wall St has bigger fish to fry
        47 10 THE fourth quarter earnings reporting season has so far achieved all that investors could have hoped for, but the good news has all been obscured by a wave of worrisome events from Washington and Bejing and Europe.
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    • NEXT WEEK | Feb 15-19, 2010
      • Article
        Lock icon US DATA
        34 10 Feb 16 Jan Treasury budget Feb 17 Jan building permits Jan housing starts Jan capacity utilisation Jan industrial production Feb 18 Jan PPI Initial claims Jan leading indicators Feb 19 Jan CPI
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      • Article
        Lock icon SINGAPORE DATA
        29 10 Feb 17 Jan merchandise trade Feb 18 Q4 central govt debt Feb 19 Q4 GDP Q4 balance of payments Q4 wholesale trade index Q4 average monthly earnings
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      • Article
        Lock icon EVENTS
        12 10 Feb 17 US Federal Reserve issues minutes of Jan 26-27 meeting
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  • Page 10 Miscellaneous
    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 1
      306 10 CRYPTIC CROSSWORD Across 2 District with cup in Italy? I’m excited (12) 8 Discharge from jail available (4) 9 Rule with policy found amid publicity for jet? (8) 10 Plotting putsch? It is fraud (6-2) 11 Last object in front of flower (6) 12 Answer Ron’s formulated showing bigoted quality?
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    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 2
      4 10 SATURDAY with Ludwig ‘...Jackpot!’
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  • COMPANIES
    • Article, Illustration
      Lock icon Ho Bee’s full-year profit hits record $337m
      620 11  -  Its Q4 gain of $43.1m is also a significant rise from $11.3m in the year-ago period By Kalpana Rashiwala kalpana@sph.com.sg Singapore PROPERTY group Ho Bee Investment achieved record net profit of $337 million for the year ended Dec 31, 2009 a big jump
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    • Article
      Lock icon Not enough cash to pay bondholders: China Milk
      452 11  -  By Chew Xiang xchew@sph.com.sg Singapore CHINA Milk Products Group admitted yesterday that it does not have enough cash to repay some US$170 million of debt a monthafteritsaidonly“administrative and procedural” problems were delaying payments to bondholders. On Jan 5, the company said holders
      452 words
    • Article
      Lock icon UIC, SingLand incur full-year net losses
      425 12  -  UIC reports loss of $142.8m for the year while its unit posts loss of $265.96m By Emilyn Yap emilyny@sph.com.sg Singapore UNITED Industrial Corp (UIC) and its unit Singapore Land (SingLand) both posted net losses for the full year ended Dec 31, hit by fair-value
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    • Article, Illustration
      Lock icon OUE reports $92.2m full-year loss
      582 12  -  By Kalpana Rashiwala kalpana@sph.com.sg Singapore OVERSEAS Union Enterprise (OUE), controlled by the Riady family’s Lippo group and Malaysian tycoon Ananda Krishnan Tatparamandan, has posted a net loss of $92.2 million for the year ended Dec 31, 2009, against a $40.9 million net profit in 2008.
      YEN MENG JIIN  -  582 words
    • Article
      Lock icon Q4 earnings plunge for KS Energy
      370 13  -  For the full year, profit falls 23% to $40m as revenue drops 20% to $489.8m By Nisha Ramchandani nishar@sph.com.sg Singapore OIL and gas services provider KS Energy Services saw profit plummet by 97 per cent year on year to $234,000 for the fourth quarter
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    • Article, Illustration
      Lock icon Metro profit up on fair value gain
      392 13  -  By Arthur Sim simska@sph.com.sg Singapore METRO Holdings has reported a net profit of $15.5 million for the three months ended Dec 31, 2009, an increase from $557,000 in the previous corresponding quarter. This was mainly attributed to an unrealised gain in the fair
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    • Article
      Lock icon Tat Hong Q3 profit soars 290% to $11.6m
      342 13  -  By Ven Sreenivasan ven@sph.com.sg Singapore DESPITE falling revenue in its key equipment sales, general equipment and crane rental divisions, crane specialist Tat Hong Holdings managed to boost its third-quarter bottom line through lower operating costs, nonoperating income and sale of investments. The
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    • Article, Illustration
      Lock icon Bailout talk helps prop stocks up
      556 14  -  stocks R Sivanithy sivan@sph.com.sg Senior correspondent ACCORDINGtocon-ventional wisdom, nervousstockmarkets this week were consoled by a bailout commitment given by the EuropeanUnion to Greece. What exactly the rescue entails is not known yet, but it’s apparently enough for markets to assume that business as usual
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    • Business briefing
    • Article
      Lock icon StarHub kicks off new free 24-hour sports channel
      302 14  -  By Jaslene Pang jaspang@sph.com.sg Singapore STARHUB kicked off its new free 24-hour sports channel SuperSports Arena (Channel 22) yesterday. With SuperSports Arena, StarHub TV customers can look forward to free local sports programming. The funding for the channel is said to come
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    • Article
      Lock icon TOP 20 ACTIVES
      110 14 VOL CLOSE GentingSP 115,357 106 -2.0 -1.9 GoldenAgri 87,319 54 2.0 3.8 EastgateTech 64,526 0.5 0.0 0.0 Scintronix 41,435 7.5 0.5 7.1 Abterra 38,471 4.5 0.5 12.5 NOL 24,886 165 -6.0 -3.5 Z-ObeeHldgs 23,159 33.5 3.0 9.8 CapitaLand 22,812 393 7.0 1.8 TranscuGrp 21,351 13.5 0.0 0.0
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    • Article
      Lock icon STI STOCKS
      110 14 Stock name Close Change CapitaLand 3.930 +0.070 CapitaMall 1.780 -0.020 CityDev 10.900 +0.240 ComfortDelGro 1.540 -0.010 Cosco Corp 1.250 -0.010 DBS Grp 14.180 F&N 4.020 +0.100 Genting SP 1.060 -0.020 Golden Agri 0.540 +0.020 HK Land 4.650 +0.100 JMH 29.940 -0.260 JSH 16.920 +0.060 Jardine C&C 23.600 Keppel
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    • Article
      Lock icon TOP GAINERS
      57 14 BY CENTS CLOSE UP DBXT MSKorea 10US$ 4471 247.0 4.1 GLD 10US$ ***** 149.6 1.0 Lyxor LatinAmerica 1 770 48.0 4.6 CityDev 1090 24.0 2.3 UOB 5.05%NCPS 100 ***** 20.0 0.2 Haw Par Corp 580 19.0 3.4 Olam.ES.1002 245 17.0 7.5 Olam 254 16.0 6.7 CIMBAsean40 100US$ 804
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    • Article
      Lock icon TOP LOSERS
      61 14 BY CENTS CLOSEDOWN DBXT DJE50 10US$ 3881 -73.0 -1.3 SIA 200 1430 -46.0 -3.1 SIA 1434 -44.0 -3.0 DBXT FTVietnam 10US$ 4378 -42.4 -0.7 DBXT S&P Short 10US$ 5558 -40.9 -0.5 JMH 2994 -36.7 -0.9 OCBC Bk 4.5%NCPS 100 9780 -30.0 -0.3 SIA.ES.1002 1460 -26.0 -1.7 DBXT Nifty
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  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      224 13 WAT-ci NOTICES ADVERTISEMENT OF PROPOSED AMALGAMATION TOKICO SINGAPORE PRIVATE LIMITED HITACHI MOBILE SINGAPORE PTE. LTD. NOTICE is hereby given that Tokico Singapore Private Limited ("Tokico") and Hitachi Mobile Singapore Pte. Ltd. ("HMS") intend to amalgamate and continue as one company, being Tokico but using the new name "Hitachi Automotive Systems
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Get into gear for the ‘new normal’
      847 15  -  A new business reality generates both risks and opportunities for the management of an organisation’s talent and leadership from the desk of Ian Till General manager DDI Singapore LOOKING back, 2009 may go down as a year most of us will remember, yet
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  • SINGAPORE
    • Article
      Lock icon Mental Capacity Act comes into force next month
      377 16  -  It allows appointment of decision makers in personal, financial matters should one lose mental faculties By Teh Shi Ning tshining@sph.com.sg THE Mental Capacity Act that comes into force on March 1 will allow people to appoint others to make personal and financial
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    • Article, Illustration
      Lock icon A Yu Sheng record
      217 16  -  By Arthur Lee arthurl@sph.com.sg AS PART of Singapore Management University’s (SMU) 10th anniversary celebrations yesterday, university members gathered at the basement of the Li Ka-shing Library in an attempt to set a record for the longest Yu Sheng gathering in Singapore. Led by SMU president Howard
      ARTHUR LEE  -  217 words
    • Article
      Lock icon MOH drops H1N1 alert status to green
      246 16 H1N1 activity has declined in most areas but ministry will continue monitoring WITH immediate effect from yesterday, MOH has revised the Influenza A (H1N1) flu alert status from yellow to green. The weekly number of polyclinic attendances for Acute Respiratory Infections (ARIs) has
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    • Article, Illustration
      Lock icon Vehicles push retail sales down 5% in December
      368 17  -  Without the 27.2% slump in vehicle sales, retail sales would have been up 3% By Nisha Ramchandani nishar@sph.com.sg RETAIL sales surprised on the downside in December 2009, falling 5 per cent year on year due to a sharp drop in vehicle sales,
      YEN MENG JIIN  -  368 words
    • Article, Illustration
      Lock icon Possible change in perceptions, attitudes towards tattoos: study
      367 17  -  By Abigail Kor abigailk@sph.com.sg PEOPLE with tattoos do not generally face discrimination when looking for a job. This and other conclusions were reached from the Study on Public Perceptions and Attitudes towards Tattoos in Singapore, conducted by a group of Nanyang Technological
      AFP  -  367 words
    • Article
      Lock icon Container traffic rises 18.1% in Jan but outlook remains uncertain
      327 17  -  Increase comes off low base in Jan 2009; throughput stays almost flat since Oct last year By Vincent Wee vincewee@sph.com.sg THE Port of Singapore’s throughput jumped a hefty 18.1 per cent to 2.33 million twenty-foot equivalent container units (TEUs) in
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    • Article, Illustration
      Lock icon NTUC Income premiums up 12.6% in ’09
      412 18  -  It also reports return to profitability in motor insurance business, with gross written premiums standing at $236m for the year, dipping slightly from $237m in 2008 By Joyce Hooi joyceh@sph.com.sg NTUC Income saw premium revenues grow 12.6 per cent last year, from $2.62
      FILE PHOTO  -  412 words
    • Article
      Lock icon Annuity sales drop two-thirds to $189 million in 2009
      374 18  -  But Q4 results impressive overall, with total weighted new business premiums hitting $449m, 6% more than Q3 By Timothy Seow timseow@sph.com.sg SALES of annuities have plunged almost two-thirds compared with 2008, the Life Insurance Association (LIA) said yesterday at the release
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  • WORLD
    • Article, Illustration
      Lock icon China hikes bank reserve requirements
      748 19 Reserves will be increased by 50 basis points, effective from Feb 25 Bloomberg Beijing CHINA ordered banks to set aside more deposits as reserves for the second time in a month to cool the fastest-growing economy after loan growth accelerated and property prices surged. The
      Bloomberg; REUTERS  -  748 words
    • Article
      Lock icon Euro zone recovery falters in fourth quarter
      404 19 Reuters Brussels EURO zone economic recovery stumbled in last year’s final quarter as gross domestic product (GDP) barely expanded, dragged down by a poor German performance despite healthy figures from France, data showed yesterday. The 16-country currency area’s GDP edged up 0.1 per
      Reuters  -  404 words
    • Article, Illustration
      Lock icon India’s industrial output surges 16.8% in Dec
      491 20 Sizzling growth that beat forecasts by a wide margin may prompt government to withdraw stimulus measures Reuters New Delhi INDIA’S industrial output grew at its fastest pace in at least a decade in December, in further evidence of a strong economic recovery that
      Reuters; REUTERS  -  491 words
    • Article
      Lock icon Japanese consumer confidence rebounds
      293 20 Bloomberg Tokyo JAPAN’S household sentiment rose for the first time in four months as concerns the economy will slip into another recession receded. The confidence index climbed to 39 last month from 37.6 in December, the Cabinet Office said yesterday in Tokyo. The median estimate of
      Bloomberg  -  293 words
    • Article
      Lock icon Germany’s recovery loses steam in Q4
      133 20 AP Berlin GERMANY’S economic recovery unexpectedly lost momentum in the fourth quarter as output failed to grow from the previous three months, official data showed yesterday. The preliminary data for the October-December period show GDP was unchanged compared with the previous three months, after
      AP  -  133 words
    • Article, Illustration
      Lock icon US jobless rate forecast to drop slightly in 2010
      749 21 President’s economic report also estimates that GDP would grow 3% this year NYT Washington THE Obama administration projected on Thursday that the unemployment rate would fall this year by only a little, if at all, and would remain well over 6
      NYT; REUTERS  -  749 words
    • Article
      Lock icon Jobs creation bill draws fire from Republican
      569 21 Reuters Washington DEMOCRATIC US senators unveiled a limited job-creation bill on Thursday, but hopes for quick passage were thrown into question after a Republican co-spon-sor criticised the legislation. Senate Majority Leader Harry Reid pared back a wide range of job-creating proposals to craft
      Reuters  -  569 words
    • Article, Illustration
      Lock icon Rio depends on China even more with indictment
      578 22 China is now the company’s largest single market, accounting for almost 25% of its 2009 revenue Bloomberg London RIOTintoGroup,the world’ssec-ond-biggest iron-ore producer, has never been so dependent on China as the country prepares to prosecute four of its employees for bribery and
      Bloomberg; AFP  -  578 words
    • Article
      Lock icon Contemporary art auction sets 96% success record
      709 22 It’s Sotheby’s luck to have secured holdings from Lenz collection IHT London ON WEDNESDAY evening, Sotheby’s made history for the second week running, this time with contemporary art. In a two-hour session conducted with faultless mastery by Tobias Meyer, the auction house’s worldwide
      IHT  -  709 words
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  • SGX
    • Article
      Lock icon Transaction date: Feb 12
      8862 23 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 3 3148 8Telecom 17 +1.5 2150 17.5 17 16.5 17.5 1.7 10.6 5.5 81.4 10 2.5 5834 A-Sonic 7.5 -0.5
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    • Article
      Lock icon SGX CATALIST
      1784 26 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 s AA Grp 5 4.5 6 4.8 25 12 8538 t APStrategic 14.5 +0.5 11 14.5 14.5 13 14.5 85.6
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 26 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 4 6 0 0 0 7 4 6 Manufacturing 55 35 67 8 4 6 63 39 73 Commerce 30 17 17 5 4 5 35 21 22 Tpt/Stor/Comms 13 19 7
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      836 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Feb 8 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) PCI Ltd 10-Feb-10 Peh Kwee Chim *Buy 314 0.39 ***** 33.78 ***** 33.93 PCI Ltd 10-Feb-10 Chuan
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 26 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 10,701 10,701 40,301 40,301 Manufacturing 316,573 13,104 329,677 162,811 541 163,351 Commerce 125,059 10,837 135,896 142,450 2,310 144,760 Tpt/Stor/Comms 78,523 870 79,393 160,819 159 160,978 Finance 16,133 16,133 93,320 93,320 Construction 33,980 10,688 44,668 8,927
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  • MARKETS
    • Article, Illustration
      Lock icon STOCK MARKETS
      93 27 YTD change: -4.79% 52-week high: 2,947.08 on Jan 11,2010 52-week low: 1,455.47 on March 10,2009 Source: Bloomberg YTD change: -7.33% 52-week high: 23,099.50 on Nov 18,2009 52-week low: 11,344.50 on March 9,2009 Source: Bloomberg YTD change: -7.90% 52-week high: 3,478.01 on Aug 4, 2009 52-week low: 2,037.02 on
      Source: Bloomberg  -  93 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      365 27 In local curr In S$ In US$ dy yr dy yr dy yr Feb 11 Index Change Change Change Change Change Change World Index Preliminary 796.0 0.3 -4.4 0.0 -4.7 0.3 -5.4 ‡EAFE Preliminary 744.1 0.2 -5.2 -0.3 -6.6 0.0 -7.3 Europe Preliminary 1059.7 0.1
      365 words
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      Lock icon INTERBANK CURRENCY RATES
      154 27 Feb 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2534 1.2550 0.8880 0.8882 Canadian dollar 1.3419 1.3435 0.9507 0.9508 Euro 1.9251 1.9275 1.3639 1.3641 NZ dollar 0.9847 0.9864 0.6976 0.6981 Sterling pound 2.2193 2.2219 1.5723 1.5725
      154 words
    • Article
      Lock icon LIFFE
      77 27 Feb 11 COCOA (£/tonne) Close Prev High/Low Mar 10 2285 2246 2309/2245 May 10 2256 2222 2279/2222 Jul 10 2237 2203 2256/2215 Sep 10 2219 2183 2234/2203 COFFEE (US$/tonne) Close Pev High/Low Mar 10 1300 1295 1311/1295 May 10 1331 1325 1342/1325 Jul 10 1364 1356 1374/1357 SUGAR (US
      77 words
    • Article
      Lock icon CHICAGO BOT
      105 27 Feb 11 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Mar 10 943.00 937.50 950.50 936.00 May 10 952.00 947.00 959.00 945.00 Jul 10 958.75 954.50 965.75 951.50 Aug 10 954.25 950.00 958.50 949.50 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Mar 10 38.14 38.27 38.68
      105 words
    • Article
      Lock icon PALM OIL
      64 27 Feb 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 10 2575 2575 2575 2575 80 258 Mar 10 2553 2586 2586 2553 577 5963 Apr 10 2546 2579 2580 2546 4477 ***** May 10 2580 2580
      64 words
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      Lock icon OIL
      75 27 Feb 11 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 73.45 1.74 WTI (Near Mth) 75.13 0.64 Dubai (1-Mth F) 73.10 1.00 Tapis blend 75.55 1.10 Minas 74.85 1.10 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 73.00 -0.22 Jet Kerosene 81.60 2.10 US$/barrel Opec Oil Basket Price
      75 words
    • Article
      Lock icon METALS
      68 27 Feb 12 GOLD (US$/oz) Feb 11 Feb 12 Hong Kong 1080.30 CLOSE Feb 11 Feb 10 London 1083.*****5.65 1084.*****6.65 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 22.19 21.96 Source: UOB PLATINUM Lon (US$/oz) Feb 11 Close Previous PM Fix 1511.00 unch AM Fix 1516.*****9.00 Source: Thomson Reuters
      68 words
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      Lock icon LONDON METALS
      73 27 Feb 11 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2025.50 2003.50 3 months 2056.00 2035.00 Copper, Grade A (US$/tonne) Cash 6921.50 6512.50 3 months 6939.00 6535.00 Lead (US$/tonne) Cash 2109.75 2027.50 3 months 2125.00 2045.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Getting the message across
      1157 28 / 29  -  Understanding what makes logos effective is critical as they communicate quickly to the market what a brand stands for. By Leong Siew Meng By Leong Siew Meng The writer is Professor and Vice-Dean of Research at the NUS Business School. He conducted this study, recently published
      FILE PHOTOS  -  1,157 words
    • Article, Illustration
      Lock icon Flap over climate change misses point
      848 28 / 29  -  G Panicker panicker@sph.com.sg The writer is with BT’s Foreign Desk SO what is this about global warming, did you ask? It is snowing on the global warming parade. Climate change votaries are crest-fallen as the weather during this northern winter upsets predictions of global
      848 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Drawn by life policy funds
        1086 30 / 31  -  In Singapore, a new fund that invests in second-hand policies, also called life settlements, has been lodged for sale to accredited or sophisticated investors. By Genevieve Cua By Genevieve Cua gen@sph.com.sg INTEREST in funds that pool together second-hand life insurance policies is reportedly picking up,
        1,086 words
      • BROKERS' TAKE
        • Article
          Lock icon CapitaLand Ltd
          439 30 / 31 Buy DBS Vickers Securities Feb 12 Close: $3.93 CAPITALAND achieved FY2009 profit after tax and minority interests (PATMI) of $1.05 billion (-16 per cent y-o-y) on revenue of $2.96 billion (+8 per cent). The results reflect the impact of revaluation and impairment charges of $762.4 million at earnings
          439 words
        • Article
          Lock icon FJ Benjamin
          355 30 / 31  -  Buy DMG Partners Securities Feb 12 Close: $0.275 Compiled by Jamie Lee FJ BENJAMIN (FJB) saw Q2 FY2010 net profit surge 182 per cent year-on-year (y-o-y) (276 per cent q-o-q) to $1.7 million, thanks to forex gains and reversal of inventory provisions. On the revenue front, it rose
          355 words
      • Article, Illustration
        Lock icon How deep should a correction be?
        1118 32  -  Recent market weakness is merely a long-awaited correction amid a longer-term uptrend. By Terence Lin By Terence Lin The writer is an analyst for Fundsupermart.com INSPIRED by the recent market correction, we look at the STI’s historical performance for a gauge of how deep
        BLOOMBERG FILE PHOTO; Source: Bloomberg, iFAST estimates  -  1,118 words
      • Article, Illustration
        Lock icon Peter Lynch legacy fades
        1180 33  -  Boston’s Fidelity, Putnam and MFS have dropped in rank and share of business as traditional stock-picking loses favour among retail investors. By Charles Stein By Charles Stein Bloomberg Boston BOSTONmutu-al-fund companies, with three in the US top 10 in 1999, begin this year with a shrunken
        Bloomberg; AP  -  1,180 words
      • Article
        Lock icon Househunt PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JAN 20 AND JAN 26,2010
        958 34 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 5 LANDED Vista Terrace 3-Ter 22/01/2010 FH 1741 1920 1103 NON-LANDED Blue Horizon Apt 20/01/2010 99 1216 955
        958 words
      • Article, Illustration
        Lock icon Straits Trading Building 90% leased
        345 35  -  It’s the only new office building to be launched in the Raffles Place area in 2010 By Uma Shankari shankari@sph.com.sg Singapore THE Straits Trading Building, which was torn down for redevelopment in 2006, is now completed and 90 per cent occupied. Owner Straits Trading Company
        345 words
      • Article
        Lock icon London’s West End buoys Shaftesbury’s prospects
        304 35 Reuters London PROPERTIES in London’s West End theatre and retail district continue to attract healthy tenant demand, London landlord Shaftesbury plc said yesterday, sending rents above its expectations. The landlord, which owns properties in historic areas such as Carnaby Street and Chinatown, said it
        Reuters  -  304 words
      • Article
        Lock icon CBRE to help develop Koh Rong island
        308 35 Singapore PROPERTY firm CB Richard Ellis (CBRE) has been appointed by The Royal Group of Cambodia as its exclusive adviser and sole agent to secure investors for developing the island of Koh Rong. The diversified Royal Group is headed by Neak Oknha Kith
        308 words
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      53 36 M iUDEMARS PIGLET Le maitre de I'horlogerie dcpuis 1875 "MM sa -x m tL IB V m* m I L >5J N I I ,V I ntet 11 aw 3S £> <Mi v <s P, 1 1® SJ'ft r y 5? £4* ROYAL OAK PERPETUAL CALENDAR SKELETON For enquiries, Tel
      53 words
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      67 1 LivingBTTHEBUSINESSTIMESWEEKEND|FEBRUARY13-*****0BTTHE BUSINESS TIMES WEEKEND FEBRUARY 13-14 ALL ABOARD A rising tide of luxury yacht ownership and waves of affluent demand are keeping the burgeoning charter business afloat L2-4 PHOTO: YEN MENG JIIN SHOPPING Deconstructing the bouquet L12-13 SPORT SAA running out of steam L16 CEOS' HAWKER GUIDE Oyster omelette and
      67 words
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  • BT Living
    • TRAVEL
      • Article, Illustration
        Lock icon ALL ABOARD
        2072 2/3  -  A rising tide of luxury yacht ownership and waves of affluent demand are keeping the burgeoning yacht charter business afloat. By Audrey Phoon By Audrey Phoon aphoon@sph.com.sg ARTHUR Tay’s celebrated Azimut mega-yacht is a thing of beauty, a mammoth 116-footer in white with gleaming silvered windows. Yet, as
        PHOTOS BY YEN MENG JIIN EXCEPT GRAND CRUISE PHOTO  -  2,072 words
      • Article, Illustration
        Lock icon The World at your doorstep
        466 2/4  -  The most exclusive cruise ship in the world makes a stop in Singapore By Audrey Phoon IMAGINE waking up to a different view outside your bedroomwindoweveryfewdaysorso.That’swhat living on The World is like and if you have designs on that, now is the time to bring
        466 words
    • CEOS' HAWKER GUIDE
      • Article, Illustration
        Lock icon the world’s your oyster
        1763 6 / 7  -  BT susses out the best oyster omelette and carrot cake stalls around town. By Jenny Tan oyster By Jenny Tan btnews@sph.com.sg THEREaresomethings that can only be seen in black or white, and one of them is carrot cake (chai tau kueh). Purists will swear by the
        PHOTOS BY ARTHUR LEE AND JOHN HENG  -  1,763 words
      • Article, Illustration
        Lock icon Or luak or bust
        572 6 / 7  -  Ricky Chew Managing Director Fish Co Restaurants By Audrey Phoon aphoon@sph.com.sg THERE’S one seafood dish that Ricky Chew doesn’t get at his own restaurants, and that’s oyster omelette. For that, the managing director of Fish Co Restaurants heads to hawker stalls at Whampoa Drive Food Centre
        ARTHUR LEE  -  572 words
    • FOOD
      • Home economics
        • Article, Illustration
          Lock icon So EZ Cooking Studio
          737 8 / 9  -  #B1-16 Great World City, 1 Kim Seng Promenade ?6836-0606 www.soez-cooking.com As interest in cooking grows here, so has the number of culinary studios. BT Weekend speaks to four fresh, unique entrants to the scene and shares their Chinese New Year recipes By Audrey Phoon AS its
          737 words
        • Article, Illustration
          Lock icon Robinsons Wiltshire Baking Studio
          581 8 / 9  -  Level 5, Home Department Robinsons Centrepoint The Centrepoint 176 Orchard Road www.robinsons.com.sg By Audrey Phoon THE next time you walk into Robinsons to get a towel or a set of bed sheets, you may just emerge with something even more useful: baking skills. The department store
          581 words
        • Article
          Lock icon AFC Kitchen Studio
          524 10 / 11  -  #07-02 Orchard Central 181 Orchard Road ?6835-8838 By Audrey Phoon YOU’VE seen culinary bigwigs such as Nigella Lawson and Daniel Boulud cooking on the Asian Food Channel, and now you can join them. Okay, not exactly on the channel, but in its kitchen the AFC Kitchen Studio,
          524 words
        • Article, Illustration
          Lock icon Cookyn with Mervyn
          778 10 / 11  -  #04-01 Novena Gardens (Lift Lobby B) 273 Thomson Road www.cookyn-with-mervyn.com By Cheah Ui-Hoon When you go to the “About” section on Mervyn Phan’s website, the first line declares upfront that “Mervyn is no professional chef and doesn’t claim to be one”. But this self-confessed “regular guy who’s
          778 words
      • Article
        Lock icon wine & dine with BTWeekend
        1005 10 / 11 wine dine with BTWeekend Chatterbox Level 5, Mandarin Orchard Singapore 333 Orchard Road ?6831-6288 Home to the signature Mandarin Chicken Rice, Chatterbox is an iconic coffee house renowned for its Asian local delights and Western favourites. Most recently, Chatterbox opened its new premises on Level 5 of the hotel with
        1,005 words
    • SHOPPING
      • Article, Illustration
        Lock icon Simply lovin’ it
        456 12 / 13  -  When Valentine’s Day can fall on the same date as Chinese New Year, you know that conventions don’t have to be set in stone. So if you’re still contemplating that big bouquet of roses, think again. With the help of some creative retailers, Melissa Lwee deconstructs the
        PHOTOS BY ARTHUR LEE  -  456 words
    • GADGETS
      • Article, Illustration
        Lock icon LAP THESE UP
        788 14  -  New processor chips give these four new laptops a serious speed boost. By Christopher Lim By Christopher Lim limchris@sph.com.sg APPLE’S recently announced iPad may have given low-powered netbooks a kick in the teeth, but it has also shone a light on how much more capable full-featured laptops
        788 words
    • Article, Illustration
      Lock icon Off to Qingdao amid festive cheer
      1377 15  -  The Uniquely Singapore crew will have to celebrate Chinese New Year at sea. By Vincent Wee KEPPEL CLIPPER ROUND THE WORLD By Vincent Wee vincewee@sph.com.sg THE festive colours of the special Chinese New Year send-off ceremony at Marina at Keppel Bay nearly two weeks
      1,377 words
    • SPORT
      • Article
        Lock icon SAA running out of steam
        781 16  -  Commentators are unanimous in demanding an entire management shakeout. By Anna Teo By Anna Teo anna@sph.com.sg LET it not be said that Singapore’s athletics scene is a wasteland of non-happenings. It’s in fact a hotbed of activity, what with a calendar chockful of races through
        781 words
      • Article, Illustration
        Lock icon The last hurrah
        594 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Acting Deputy Foreign Editor THEYaretwoofthemostrecognisa-ble footballers on the planet today, but the fortunes of Englishmen David Beckham and Michael Owen could not be more contrasting even though they have the same goal in mind to make the final cut for their
        PHOTOS: AP, AFP  -  594 words
    • GOLF
      • Article, Illustration
        Lock icon Age is not a handicap
        1228 17  -  It’s entirely possible for amateur golfers to take it to the next level and turn professional as early as their teens or as late as their 50s. By Justine Moss By Justine Moss btnews@sph.com.sg ONE of the appealing things about golf is that if you
        IMG  -  1,228 words
    • MOTORING
      • Article, Illustration
        Lock icon K-pop models
        525 18  -  What makes an automotive brand popular? This weekly focus on each of Singapore’s Top 10 makes continues with the republic’s second most popular marque Hyundai. Samuel Ee looks at the range available here and picks the model that best represents the Korean carmaker’s appeal. brand focus Samuel Ee
        525 words
      • Article, Illustration
        Lock icon Hyundai – a market mainstay
        331 18  - Hyundai a market mainstay lineup roundup By Samuel Ee samuelee@sph.com.sg HYUNDAI may have a fairly wide lineup in Singapore, but the main bulk of authorised distributor Komoco Motors sales consists of the Avante sedan. In 2009, it accounted for a whopping 79 per cent of Komoco’s total passenger car volume.
        331 words
      • Article, Illustration
        Lock icon The sporty alternative
        529 19  -  Porsche’s first limousine model seems more appealing the longer you look.By Samuel Ee look.By Samuel Ee samuelee@sph.com.sg IT MAY take some time, but it really is possible to get used to the Porsche Panamera’s styling. The longer you look, the more appealing the German sports car maker’s
        529 words
      • Article, Illustration
        Lock icon Mercedes-Bland E63
        583 20  -  The souped-up version of Merc’s latest E-Class can do with a dash of pizzazz.By Samuel Ee pizzazz.By Samuel Ee samuelee@sph.com.sg THE three-pointed star is to be found on the hoods of some of the best limousines on the market today the new E-Class, a groundbreaking mid-sized model, and
        583 words
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      135 2/5 I SEEK K :rtz 6 i Gmirates.com/sg V Dubai Shopping Festival. Fly Emirates to the Dubai Shopping Festival from 28th January to 28th February 2010. Choose from a range of hotels, starting from just S$67 per person, per night. Enjoy great bargains and see more of Dubai with special rates
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      53 6 / 7 This weekly series is jointly brought to you by The Business Times and Knight Frank Pte Ltd GLOBALLY KNOWN, LOCALLY CONNECTED The trusted name in real estate for 70 years. Knight Frank's full suite of Real Estate Services: Investment Sales Residential Retail Office Industrial Auction Valuation Consultancy Research Property Management
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      42 15 RACE 6-SINGAPORE TO QINGDAO Latest race standings 1 California 2 Hull&Humber 3 Team Finland 4 Cape Breton Island 5 Qingdao 6 Uniquely Singapore 7 Jamaica Lightning Bolt 8 Spirit of Australia 9 Edinburgh InspiringCapital this series is brought to you by www.marinakeppelbay.com
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