The Business Times, 20 February 2010

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Total Pages: 46
1 20 The Business Times
  • 17 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg FEBRUARY 20-21, 2010 S$1.00 MICA(P) 124/08/2009 Sfh A SINGAPORE PRESS HOLDINGS PUBLICATION
    17 words
  • 896 1  -  Seller’s stamp duty and tighter loan limits reintroduced in bid to discourage speculation By Kalpana Rashiwala kalpana@sph.com.sg Singapore THE government yesterday administered another measured dose to cool the resurgent property fever. While mild by themselves, the latest steps could foreshadow more severe
    896 words
  • 845 1 Bloomberg Ponte Vedra Beach, Florida TIGER Woods said he had no idea when he would return to golf as he apologised for his marital infidelity and “my repeated irresponsible behavior”. Golf’s 14-time major-tourna-ment winner spoke at the TPC Sawgrass clubhouse in Ponte
    Bloomberg; AP; REUTERS  -  845 words
  • Page 1 Advertisements
    • 192 1 the business www.businesstimes.com.sg the raffles conversation TIDJANE THIAM, PRUDENTIAL GROUP CEO 8-9 CEOS' HAWKER GUIDE Prata L4-5 WEALTH Illusion of growth 30-31 confident call GDP seen growing by up to 6.5% SINGAPORE’S official gross domestic product growth forecast for this year is raised by 1.5 percentage points to between 4.5
      192 words

  • TOP STORIES
    • 134 2 STI 2,757.14 (-12.05) STI FUTURES 2,757.00 (-10.00) SIMSCI 329.19 (-0.92) SIMSCI FUTURES 329.60 (+0.50) STOCKS Friday Change KL COMP 1,257.67 -1.33 NIKKEI 225 10,123.58 -212.11 HANG SENG 19,894.02 -528.13 SET 700.44 +4.78 JAKARTA 2,554.38 -5.66 MANILA 2,978.53 -21.41 KOSPI 1,593.90 -27.29 SHENZHEN B Closed MUMBAI IND *****.63 -136.21 11
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    • 831 2  -  Upgrade of official growth forecast makes it more realistic: economists By Teh Shi Ning tshining@sph.com.sg Singapore THE Republic’s economic growth story in 2010 shall be “a tale of two halves” as global recovery strengthens in the first but major risks loom over
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    • 1024 3  -  22 of 28 firms that posted results just before CNY didn’t report great news. Coincidence? By Joyce Hooi joyceh@sph.com.sg Singapore LOCATION might be everything in real estate, but when it comes to reporting results, timing is king. And no one must know
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    • 651 4  -  It can be positive reflection of S’pore’s institutional strengths and flexibility Reports by Anna Teo anna@sph.com.sg Singapore VOLATILE growth, even for a small open economy like Singapore, need not be seen as entirely bad, says a paper by economists from the
      651 words
    • 485 4 HIGHER oil and global food prices as well as the prices of cars are expected to drive Singapore’s inflation rate to 2-3 per cent this year. The forecast is revised down from an earlier estimate of 2.5-3.5 per cent, thanks not to any
      FILE PHOTO  -  485 words
    • 664 5  -  Income in 2009 was lower than in 2008 but still higher than in earlier years By Siow Li Sen lisen@sph.com.sg Singapore HOUSEHOLD income fell last year, reflecting the weaker labour market conditions which saw higher unemployment and lower wages. Median monthly household income from
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    • 820 6  -  Investors dump shares, commodities and currencies on fears of further rate increases By Oh Boon Ping huwenbin@sph.com.sg Singapore THE US Federal Reserve has taken the first step towards mopping up excess liquidity by raising its discount rate a move that led investors to
      AFP  -  820 words
    • 583 6 NYT New York FEDERAL Reserve to Wall Street: the days of easy money and, just maybe, easy profits are numbered. News on Thursday that the Fed would raise the interest rate that it charges banks for temporary loans was seen
      NYT  -  583 words
    • 550 7  -  Country eyes 24m tourists this year; tries to position itself as Shoe City of the East By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA has set a target of 24 million tourists this year and earmarked new events to generate interest, including an
      THE STAR; FILE PHOTO; AFP  -  550 words
    • 251 7  -  By Ven Sreenivasan ven@sph.com.sg Singapore HIGH rollers flying in on a budget carrier? Perhaps. Whatever the case, Tiger Airways has tied up with Resorts World Sentosa (RWS) to provide a chartered aircraft that will fly in overseas guests to
      FILE PHOTO  -  251 words
  • Page 2 Advertisements
    • 58 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 LIVING Dining L2-3 CEOs’Hawker Guide L4-5 Week In Review 10 Companies 11-14 From The Desk Of 15 Singapore 16-18 World 19-22 Shopping L6-7 Home& Garden L8-9 Design L10-11 Travel L12-13 Gadgets L14 Health L15 Sport L16-17 Motoring L18-20 Stocks Stats 23-27 Perspective
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    • 4 2 ??More reports, Page 4
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  • Page 3 Advertisements
    • 27 3 LeMercier's 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 10.30am 7.00pm Email: singapore_sales@lemerciers.com www.lemerciers.com
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  • THE RAFFLES CONVERSATION
    • 2418 8/9  -  Tidjane Thiam, Prudential plc’s new group CEO, takes a firm, whole-hearted approach to the business of asset management. By Conrad Tan By Conrad Tan conradt@sph.com.sg T ID JANE Thiam is more than 1.9 metres tall, but it is his intellect that commands attention when he speaks. The head
      ARTHUR LEE  -  2,418 words
  • Page 8/9 Advertisements
    • 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”.
      70 words

  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK | Feb 15-19, 2010
      • 57 10 THE euro slide has hit Asian investors that had bought the currency at its peak of US$1.45 and US$1.52 in the latter months of 2009. Asian currencies trade in a narrow range against the greenback so such investors have incurred
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      • 43 10 SOME 35,000 visitors walked through the doors of Resorts World Sentosa’s casino over Sunday and Monday, from the time the casino welcomed its first guest at 12.18pm on the first day of Chinese New Year.
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      • 53 10 IN his Chinese New Year message this year, Prime Minister Lee Hsien Loong pointed out that Singapore could not continue to import foreign workers as liberally as before due to space constraints. Instead, Singapore had to raise productivity much faster and do more
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      • 53 10 THE economic recovery has translated into better earnings for many listed companies here, data compiled by BT shows. As at last Friday, 57 firms or 86 per cent of the 66 that had released their results for the fourth quarter ended Dec 31,
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      • 49 10 THE number of applications for personal bankruptcy here and the number of bankruptcy orders made –fell in 2009despite the economic recession early in the year. For businesses, new petitions for forced corporate bankruptcies rose slightly, but stayed well below the peaks in previous crises.
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      • 63 10 WHEN it comes to dealing with an ageing workforce, Singapore is well ahead. A survey has found that 62 per cent of public organisations here have started addressing the challenges compared with 55 per cent in South Africa, 37 per cent in
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      • 39 10 AUSTRALIA’S central bank intends to raise rates gradually this year to contain inflation while keeping a wary eye on both sovereign risk abroad and the efforts of China to cool its economy.
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      • 44 10 THE private housing market has entered the year on a firm footing, with developers’ home salesin January rising to 1,476 units three times the previous month’s sales. They also hit their highest level since August last year.
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      • 50 10 INTERNATIONAL premium traffic in December 2009 has risen year on year, the first time in almost 20 months. According to the International Air Transport Association, the number of premium (business or first class) seats sold on interna- tional flights rose 1.7 per cent.
        50 words
      • Article, Illustration
        26 10 ‘(If) property prices and incomes go down, we can’t refurbish your houses, no new lifts, no upgrading, and the country goes down.’ LIANHE ZAOBAO
        LIANHE ZAOBAO  -  26 words
      • 38 10 NON-OIL domestic exports have risen for a third straight month in January. And the increase was strong enough after December’s surge to get exports off to a good start for 2010.
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      • 34 10 HSIEH Fu Hua, who joined the Temasek board earlier this month, will take on the job of special adviser to chief executive Ho Ching, Temasek Holdings said.
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      • 37 10 SEVERAL large companies, including some from China, may list here for up to $1 billion later this year if equity markets stay robust, accor- ding to senior investment bankers.
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      • 45 10 FEW would associate Siglap with lofty property prices. But at least one unit at a boutique development there has been sold for $1,634 per square foot an eye-popping psf price for a project that isn’t located centrally.
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      • 66 10 MINISTER Mentor Lee Kuan Yew has warned against easing the intake of foreigners too drastically, as this would result in a downward spiral for the economy. “There could be low growth, maybe even zero growth. (If) property prices and incomes go
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    • NEXT WEEK | Feb 22-26, 2010
      • 34 10 Feb 23 Feb consumer confidence Feb 24 Jan new home sales Feb 25 Initial claims Jan durable orders Feb 26 Q4 GDP estimate Chicago PMI Feb consumer sentiment Jan existing home sales
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      • 22 10 Feb 23 Jan Consumer Price Index Feb 26 Jan index of industrial production Jan producer and international trade price indices
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      • 28 10 Feb 22 Bank of Japan to publish minutes of Jan 25-26 monetary policy meeting Feb 24 Fed chairman Ben Bernanke’s testimony before the House Financial Services Committee
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  • Page 10 Miscellaneous

  • COMPANIES
    • 729 11  -  Bank plans to spend more on expansion and salaries this year By Emilyn Yap emilyny@sph.com.sg Singapore OCBC Bank’s net profit for the fourth quarter surged 67 per cent from a year ago to $502 million, boosted by trading and investment gains. With improved
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    • 687 11  -  By Arthur Sim simska@sph.com.sg Singapore Singapore GENTING Singapore shares have been taking a beating, falling almost 30 per cent from its peak of about $1.30 per share a month ago to 94 cents yesterday. While the euphoria surrounding Genting’s Resorts World
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    • 499 12  -  Company could face delisting if it fails to convince SGX that it should stay listed By Michelle Quah michquah@sph.com.sg Singapore FASTECH Synergy’s plan to get off the Singapore Exchange’s (SGX) watch-list through a reverse takeover (RTO) has been scuppered. And it now faces
      FILE PHOTO  -  499 words
    • 568 12  -  By Lynette Khoo lynkhoo@sph.com.sg Singapore SHAREHOLDERS of China Printing Dyeing could soon be left holding shares in a debt-ridden private company, with a much slimmer chance of recovering their investments. China Printing said yesterday the Singapore Exchange (SGX) has issued
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    • 395 13  -  For the full year, it swings into the black with a net profit of $11.5m, versus a loss of $20.47m in FY 2008 By Nisha Ramchandani nishar@sph.com.sg Singapore THAKRAL Corporation chalked up a net profit of $5.7 million for the fourth quarter ended
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    • 371 13 Reuters London HOTELIER Millennium Copthorne (M&C),aunit ofSingapore’sCityDevelopments, says it is planning a project to convert the Copthorne Orchid Hotel Singapore into condominiums. “This is expected to generate cash and profit from an alternative use of an asset and save an estimated £10
      Reuters  -  371 words
    • 574 14  -  stocks| R Sivanithy sivan@sph.com.sg Senior correspondent BACK in January 1994, the local stock market’s first “su-per-bull” run was brought to an abrupt halt when the US Federal Reserve unexpectedly raised interest rates. What ensued was a lengthy consolidation in stock prices
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    • Business briefing
      • 29 14 A-SONIC Aerospace has warned that the company is expected to register losses attributable to its logistics business for year ended Dec 31, 2009.
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      • 116 14 SOUP Restaurant Group reported that net profit for 2009 fell by 19.4 per cent to $2.75 million compared to 2008. Revenue, however, rose 12.8 per cent to $45.06 million due to the additional contribution by four new “Dian Xiao Er” outlets which commenced
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      • 95 14 AIMS AMP Capital Industrial Reit Management Ltd, the manager of AIMS AMP Capital Industrial Reit, has announced the resignation of Lim How Teck as its non-executive independent director and chairman of the audit committee with immediate effect. It said Mr Lim has
        95 words
    • 65 14 BY CENTS CLOSE UP GLD 10US$ ***** 103.4 0.7 Lyxor MS India 10US$ 1428 82.1 4.2 Lyxor Europe 10 US$ 1179 21.2 1.3 Asia Pac Brew 1300 18.0 1.4 DBS Bk 6% NCPS 10 ***** 10.0 0.1 SIA 200 1472 10.0 0.7 UOB 5.05%NCPS 100 ***** 10.0 0.1
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    • 59 14 BY CENTS CLOSEDOWN DBXT FTChina25 10US$ 2748 -126.0 -3.1 DBXT MSAsExJp 10US$ 2604 -94.9 -2.5 JMH 3020 -70.8 -1.6 Lyxor China H 10US$ 1450 -63.7 -3.0 DBXT MSEurope 10US$ 3945 -45.3 -0.8 DBXT MSTaiwan 10US$ 1510 -42.5 -1.9 JSH 1706 -36.8 -1.5 CityDev.ES.1002 1064 -32.0 -2.9 DBXT FTVietnam
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    • 422 14 Reuters Singapore NOBLE Group has chartered two tankers to store gasoline, the first trading house to make the rare move, which has over the past year been limited to distillates and fuel oil, traders and shipbrokers said yesterday. Singapore-listed Noble chartered two 90,000-tonne vessels:
      Reuters  -  422 words
    • 110 14 VOL CLOSE GentingSP 366,246 94 -1.0 -1.1 EastgateTech 65,659 0.5 -0.5 -50.0 GoldenAgri 59,835 54.5 -0.5 -0.9 ChinaHongxing 36,202 16.5 0.0 0.0 YongXin 22,007 18 0.0 0.0 NobleGrp 18,141 296 -1.0 -0.3 CapitaComm 17,364 103 -1.0 -1.0 TopGlobal 17,330 2.5 0.0 0.0 SingTel 17,166 301 -3.0 -1.0
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    • 109 14 Stock name Close Change CapitaLand 3.900 -0.020 CapitaMall 1.800 +0.020 CityDev 10.820 -0.160 ComfortDelGro 1.550 Cosco Corp 1.270 DBS Grp 14.100 -0.020 F&N 3.990 -0.100 Genting SP 0.940 -0.010 Golden Agri 0.545 -0.005 HK Land 4.650 -0.130 JMH 30.200 -0.500 JSH 17.060 -0.260 Jardine C&C 23.620 +0.020 Keppel
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  • Page 13 Advertisements
    • 870 13 WATS <3* NOTICES BUY IT• SELL IT-FIND IT AUTOMATED TOUCHSTONE MACHINES LIMITED (Company Registration No. *****9457N) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Automated Touchstone Machines Limited (the "Company") will be held at FTSE Room, 168 Robinson Road, Level
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  • FROM THE DESK OF
    • 1112 15 Financial services companies in emerging markets such as Asia are generally in good health, but due diligence and keeping your targets well in sight will be crucial from the desk of SO, you want to buy a bank in an emerging market
      1,112 words

  • SINGAPORE
    • 418 16  -  Foreign wholesale trade index up a seasonally adjusted 11.5%, from 2.9% in Q3 By Teh Shi Ning tshining@sph.com.sg SINGAPORE’s domestic and foreign wholesale trade indices both rose at a faster pace in the last quarter of 2009 compared to the preceding one, the Department
      418 words
    • 390 16  -  By Arthur Lee arthurl@sph.com.sg Singapore CAPITALAND yesterday announced a $5 million donation to children’s charities both in Singapore and overseas this year to kick-start a year-long series of activities as part of its 10th anniversary celebrations. The donation, which will be distributed
      390 words
    • 198 16  -  By Olivia Ho oliviaho@sph.com.sg TEMASEK Polytechnic and the Building and Construction Authority (BCA) have signed an agreement under which the polytechnic will help with BCA’s Green Mark Scheme. The scheme aims to drive the construction industry towards more environmentally friendly buildings, by reworking existing
      198 words
    • 638 17  -  At SIAEC, workers feel very motivated and excited by gain-sharing arrangement By Timothy Seow timseow@sph.com.sg GAIN-SHARING is probably one of the best ways to enhance productivity, Labour Chief Lim Swee Say said yesterday, at a demonstration of SIA Engineering Company’s(SIAEC) Cheaper,Better, Faster, (CBF) initiatives. Mr
      YEN MENG JIIN  -  638 words
    • 436 17  -  Balance sheet risks a drag on developed economies, says UBS By Oh Boon Ping huwenbin@sph.com.sg THE removal of global economic imbalances may result in slower economic growth, even though many Asian economies look set to benefit from this, according to analysts at UBS Investment Research.
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    • 563 18  -  saturday soapbox| By Siow Li Sen lisen@sph.com.sg EARLIER this month, I went to Shanghai on a business trip and was looking forward to seeing the city since my last visit was some 10 years ago. Shanghai was quite unrecognisable even though I should not
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    • 333 18  -  By Vincent Wee vincewee@sph.com.sg THE Singapore Shipping Association celebrated Chinese New Year last night, with Transport Minister Raymond Lim as guest of honour. Addressing over 500 members and guests at the cocktail reception, SSA president SS Teo said: “As we embark
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    • 166 18 THE 2010 Budget will be unveiled on Monday afternoon. Finance Minister Tharman Shanmugaratnam will deliver the Budget statement in Parliament at 3.30pm, and the speech will be broadcast live over television, radio, and on the Singapore Budget and Reach websites. About 400 suggestions were submitted by
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  • Page 17 Advertisements
    • 788 17 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF (1) EAST ASIA MECHANICAL PTE LTD (Company No *****2376D) (2) BIO-FUNCTION INGREDIENTS PTE. LTD. (Company No. *****4373C) (In Creditors' Voluntary Liquidation) TAKE NOTICE that a meeting of the creditors in the above-named companies will, in pursuance
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  • WORLD
    • 398 19 But the telco’s quarter-on-quarter profit may shrink or see a low single-digit growth: OSK Bernama Kuala Lumpur MAXIS Bhd, which is due to release its fourth-quarter result on Feb 25, is expected to see revenue growth of 4 to 8
      Bernama  -  398 words
    • 281 19 AFP New Delhi INDIA’S economy should grow 8.2 per cent next year and return to previous boom levels of 9 per cent the following year, an influential government panel forecast yesterday. The forecast, released in an economic survey ahead of the annual
      AFP  -  281 words
    • 408 19 AP San Francisco THE Internet attacks that may end up driving Google Inc out of China originated from two prominent schools in the country, according to a report published late on Thursday. The New York Times reported security investigators have traced the hacking to
      AP  -  408 words
    • 589 20 Its protest over Obama-Dalai Lama meeting stops short of threatening retaliation Reuters Beijing CHINA has accused US President Barack Obama of damaging ties by meeting the Dalai Lama and said that it was up to Washington to repair relations between the
      Reuters; BLOOMBERG  -  589 words
    • 399 20 Many Chinese visiting home towns may not return to factories AP Taipei A LEADING Taiwanese laptop maker has warned labour shortages in China’s booming coastal cities could affect the supply of computers amid an expected surge in world demand. Ray Chen, president
      AP  -  399 words
    • 660 21  -  Finance minister again says BOJ must fight deflation more vigorously By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN’S Finance Minister Naoto Kan yesterday raised pressure on the Bank of Japan (BOJ) to battle deflation more vigorously in a sign of growing tension between the government
      REUTERS  -  660 words
    • 494 21 Reuters Tokyo THE head of Toyota Motor Corp will testify before US lawmakers and explainthe company’ssafety crisis. Akio Toyoda, the grandson of Toyota’s founder, said yesterday that he intends to provide a “sincere explanation” of the problems that led to the recall of six
      Reuters  -  494 words
    • 328 21 Bloomberg Washington THE cost of living in the US rose in January less than anticipated and a measure of prices excluding food and fuel fell for the first timesince1982,indicatingtherecovery is showing few signs of inflation. The consumer price index increased 0.2
      Bloomberg  -  328 words
    • 471 22 At least two sitting GOP lawmakers would have to agree on any deficit-reduction plan LAT–WP Washington WITH the US debt soaring, Republican leaders reluctantly consented on Thursday to join Democrats on a bipartisan commission to address the government’s budget problems. But they continued
      LAT–WP; AFP  -  471 words
    • 510 22 AP San Francisco UNITED States and European regulators have cleared the Internet search partnership between Microsoft Corp and Yahoo Inc, enabling the rivals to form a tag team as they try to mount a more serious challenge to Google Inc. The government approvals announced
      AP  -  510 words
    • 358 22 Reuters Los Angeles MGM Mirage, which opened the massive CityCenter casino-resort on the Las Vegas Strip last December, posted a wider-than-ex-pected loss in the fourth quarter of 2009 as lower room rates hurt revenue. MGM, whose shares were down
      Reuters  -  358 words




  • wealth real estate
    • 3254 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 16.5 unch 250 17 16.5 16.5 17 1.7 11 5.3 79 10 2.5 5834 A-Sonic 7.5 unch
      3,254 words

  • SGX
    • 5700 24 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 17 5 1116 GenMag 9 7 9 132 39.2 6005 Genting SP 94 -1 *****6 95 90 94 94.5 *****.8 5.5
      5,700 words
    • 1799 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 $mil 10 5 1181 s AA Grp 5.5 4.5 5.5 5.3 25 12 8538 t APStrategic 15 +0.5 2 15 15 13 14.5 88.5
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    • 186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 12 2 0 0 0 4 12 2 Manufacturing 35 75 69 4 3 14 39 78 83 Commerce 16 23 22 5 2 4 21 25 26 Tpt/Stor/Comms 9 18 15
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    • 845 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Feb 15 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Portek Intl Ltd 18-Feb-10 Lam Choon Seng Buy 250 0.42 ***** 32.32 ***** 23.49 Viz Branz Ltd
      845 words
    • 119 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,727 19,727 74,303 74,303 Manufacturing 315,127 7,999 323,126 161,264 362 161,625 Commerce 90,278 9,657 99,935 108,412 1,790 110,202 Tpt/Stor/Comms 77,054 1,224 78,278 178,270 278 178,548 Finance 20,987 20,987 135,420 135,420 Construction 26,389 19,546 45,935 7,134
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  • MARKETS
    • Article, Illustration
      90 27 YTD change: -4.85% 52-week high: 2,947.08 on Jan 11,2010 52-week low: 1,455.47 on March 10,2009 YTD change: -9.05% 52-week high: 23,099.50 on Nov 18,2009 52-week low: 11,344.50 on March 9,2009 Source: Bloomberg YTD change: -7.90% 52-week high: 3,478.01 on Aug 4,2009 52-week low: 2,037.02 on March 3,2009 (The
      90 words
    • 365 27 In local curr In S$ In US$ dy yr dy yr dy yr Feb 18 Index Change Change Change Change Change Change World Index Preliminary 817.4 0.3 -1.8 0.2 -2.6 0.2 -2.8 ‡EAFE Preliminary 764.4 0.4 -2.6 0.2 -4.6 0.2 -4.7 Europe Preliminary 1091.5 0.7
      365 words
    • 154 27 Feb 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2602 1.2610 0.8901 0.8904 Canadian dollar 1.3493 1.3503 0.9530 0.9535 Euro 1.9084 1.9096 1.3479 1.3484 NZ dollar 0.9834 0.9848 0.6946 0.6954 Sterling pound 2.1819 2.1828 1.5411 1.5413
      154 words
    • 77 27 Feb 18 COCOA (£/tonne) Close Prev High/Low Mar 10 2250 2257 2277/2246 May 10 2263 2256 2278/2250 Jul 10 2243 2236 2255/2227 Sep 10 2217 unch 2232/2208 COFFEE (US$/tonne) Close Pev High/Low Mar 10 1272 1277 1289/1271 May 10 1306 1310 1323/1303 Jul 10 1341 1343 1355/1339 SUGAR (US
      77 words
    • 64 27 Feb 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 10 2595 2610 2610 2585 366 3792 Apr 10 2587 2599 2610 2580 2009 ***** May 10 2595 2596 2609 2577 6480 ***** Jun 10 2588 2590
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    • 105 27 Feb 18 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Mar 10 948.00 951.50 957.75 942.00 May 10 957.50 961.00 967.50 951.25 Jul 10 965.25 968.75 975.00 958.75 Aug 10 961.50 964.75 969.25 956.75 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Mar 10 38.70 38.75 38.92
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    • 75 27 Feb 18 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 77.37 1.78 WTI (Near Mth) 79.03 1.53 Dubai (1-Mth F) 74.70 -0.50 Tapis blend 78.15 -0.25 Minas 77.45 -0.25 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 73.66 -0.56 Jet Kerosene 82.60 -1.10 US$/barrel Opec Oil Basket Price
      75 words
    • 71 27 Feb 18 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2080.50 2088.50 3 months 2114.00 2122.00 Copper, Grade A (US$/tonne) Cash 7238.25 7101.50 3 months 7265.00 7130.00 Lead (US$/tonne) Cash 2296.25 2266.25 3 months 2319.00 2290.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • 70 27 Feb 19 GOLD (US$/oz) Feb 19 Feb 18 Hong Kong 1110.*****3.00 Feb 18 Feb 17 London 1120.*****5.55 1120.*****6.35 Source: Thomson Reuters Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 22.58 22.36 Source: UOB PLATINUM Lon (US$/oz) Feb 18 Close Previous PM Fix 1524.*****2.00 AM Fix 1512.*****8.00 Source: Thomson
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  • PERSPECTIVE
    • 1129 28 / 29  -  Americans could find themselves facing financial bankruptcy, but there seems to be very little political will on Capitol Hill to do anything about it Leon Hadar Washington correspondent btworld@sph.com.sg THEannounce-mentbyDemocrat-ic Senator Evan Bayh, 54, from Indiana that he wouldnot be seeking re-election this year is
      REUTERS  -  1,129 words
    • 928 28 / 29  -  By Joergen Oerstroem Moeller btworld@sph.com.sg The writer is a Visiting Senior Research Fellow, Institute of Southeast Asian Studies, Singapore. Adjunct Professor, Singapore Management University Copenhagen Business School OVER the past few weeks, financial headlines have been hijacked by Greece. A number
      928 words

  • Wealth
    • WEALTH INVESTING
      • 1013 30 / 31  -  While emerging equities outperform in bullish times, they tend to fare poorly in bear markets. In fact, according to a recent report, their risk premiums are unacceptably modest. By Genevieve Cua By Genevieve Cua gen@sph.com.sg E MERGING market equities have been a popular and oft-recommended theme in
        STOCK.XCHNG; Source: MSCI Barra; S&P; Authors’ analysis; Source:Therolling  -  1,013 words
      • BROKERS' TAKE
        • 287 30 / 31 Buy DBS Group Research Feb 19 Close: $3.10 MIXED performance. Q4 2009 revenue up 9 per cent quarter on quarter, contributed by Land Systems (+30 per cent, higher Warthog and Terrex deliveries) and Electronics (+25 per cent). Major contributor Aerospace dragged down earnings with lower revenue and profits
          287 words
        • 416 30 / 31  -  Compiled by Joyce Hooi Disclaimer: All analyses, recommendations and other information herein are published for general information. Readers should not rely solely on the information published and should seek independent financial advice prior to making any investment decision. The publisher accepts no liability for any loss whatsoever arising
          416 words
      • 856 32  -  There is scope for renewed volatility as the global economy transitions from recovery to an uncertain longer-term trend wealth insights Lim Meng Tat Director Russel Investments btnews@sph.com.sg NOT surprisingly, Asia’s strong share market rebound from the global financial crisis and robust economic performance
        AP  -  856 words
      • 446 33  -  Here’s a selection of regional stocks that appear promising in terms of dividend payouts show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ONE of the questions I’m asked most often is: which good stocks provide decent dividend yields? Today, I’ve decided to do a
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      • 906 33 singapore industry market cap (S$'m) dividend yield price/book ratio (x) forward p/e (x) return on equity operating margin pretax return on assets Datapulse Computers Peripherals 137 10.9 1.8 18.1 21.8 14.9 TeleChoice Electronic Equipment Instruments 100 9.1 1.5 17.3 5.2
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    • WEALTH REAL ESTATE



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    • 56 34 •Artist's impressigj Featuring the Quality Homes Collection Moda The Mode Of Stylish Living At East Coast. For enquiries: lrvin Kok, 9181 7275, lKok@savi11s.com.sg For general enquiries, kindly call 6836 3338. Savills has more than 200 offices and associates worldwide to meet all your real estate needs, anywhere in the world.
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    • 26 36 Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868E. A member of Audit Bureau of Circulations Singapore. Customer Service (Circulation): 6388-3838, circs@sph.com.sg, Fax
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    • 60 1 LivingTHEBUSINESSTIMESWEEKEND|FEBRUARY20-*****0BTTHE BUSINESS TIMES WEEKEND FEBRUARY 20-21 CLEAN PALATE Top chefs lead the call for an ecologically sensitive global kitchen, and a return to basics L2-3 CEOS' HAWKER GUIDE Roti prata L4-5 SHOPPING Gem of an idea L6-7 HOME GARDEN Tranquil oasis L8-9 CHEF ANDONI LUIS ADURIZ OF MUGARITZ TRAVEL Down
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  • BT Living
    • DINING
      • Article, Illustration
        1912 2 / 3  -  Green is the new black at this year’s Madrid Fusion, where top chefs lead the way to an ecologically sensitive global kitchen, and call for a return to basics. By Joyceline Tully By Joyceline Tully btnews@sph.com.sg ATMadridFusion,Spain’stopgastronomic conference, food is not just food, and chefs are not just
        1,912 words
    • CEOS' HAWKER GUIDE
      • 1222 4 / 5  -  In this final instalment of the CEOs’ Hawker Guide series, BT Weekend checks out the most popular prata places. By Audrey Phoon By Audrey Phoon PARATHA goes by many names around the globe in Mauritius, it’s farata; in Myanmar they call it palata and the Trinidadians
        PHOTOS BY ARTHUR LEE, YEN MENG JIIN  -  1,222 words
      • 753 4 / 5  -  Allen Lew CEO Singapore SingTel By Audrey Phoon aphoon@sph.com.sg HOW much does Allen Lew love hawker fare? Enough to find time to eat it regularly, then fit in four hour-long exercise sessions a week to work it off. That’s saying a lot for a guy
        ARTHUR LEE  -  753 words
    • SHOPPING
      • Article, Illustration
        993 6 / 7  -  Singapore’s boutique jewellers are offering a value proposition with more accessible, highly wearable lines. By Melissa Lwee By Melissa Lwee mellwee@sph.com.sg IT used to be that unless one was prepared to fork out exorbitant amounts of money for heir-loom-type jewellery pieces, there were certain shops you
        993 words
      • 975 6 / 7 wine dine with BTWeekend Triple Three Level 5, Mandarin Orchard Singapore 333 Orchard Road ?6831-6288 Triple Three is back. Named for the address of the hotel 333 Orchard Road it features a new Japanese-inspired international buffet spread, helmed by Japanese Executive Chef Shigeru Akashi. Embark on a culinary adventure with
        975 words
    • HOME & GARDEN
      • Article, Illustration
        1050 8 / 9  -  TRANQUILOASISBLVD boutique’s owner, Sharon Tan, is right at home in her ‘East meets West’ boudoir. By Melissa Lwee personal space| By Melissa Lwee mellwee@sph.com.sg THEREisanairofnostal-gia that overwhelms you the moment you step into Sharon Tan’s home. Old-school jazz plays softly in the background; exotic Oriental accents play off
        PHOTOS BY JOHN HENG  -  1,050 words
    • DESIGN
      • Article, Illustration
        1295 10 / 11  -  VitraHaus, a commissioned building by world renowned Herzog de Meuron embodies a commitment towards excellence in design. By Geoffrey Eu design design.By Geoffrey Eu btworld@sph.com.sg AHOUSE is not a home not when it’s the VitraHaus, a remarkable new building by the edgy, innovative and in-high-demand Swiss architects Jacques
        PHOTOS OF VITRAHAUS BY IWAN BAAN © VITRA; PHOTO OF ROLF FEHLBAUM BY GEOFFREY EU  -  1,295 words
    • TRAVEL
      • Article, Illustration
        1705 12 / 13  -  Wales coastline to reach a smalltown an hour awa from Sdn where a sanctuary of sustainable gourmet produce awaits. By Jaime Ee By Jaime Ee jaime@sph.com.sg DO you ever wake up in the morning, decide you’re tired of the corporate life, move to a small town in New
        1,705 words
    • GADGETS
      • 703 14  -  Samsung and Sony Ericsson unveil their latest models at the Mobile World Congress in Barcelona. By Christopher Lim By Christopher Lim limchris@sph.com.sg EVERY year the fanciest new mobile phones are usually unveiled in Barcelona at the annual Mobile World Congress show, and this year was no
        703 words
    • HEALTH
      • 856 15  -  Healthy eating need not mean an ascetic regime of raw greens and cold fruit. Supermarkets now stock well-intentioned packaged goods that some judicious label reading will uncover. By Audrey Ho By Audrey Ho btnews@sph.com.sg EAT less junk food. Eat healthily. Join the club if that’s your
        856 words
    • SPORT
      • 614 16  -  no holds barred| Lee U-Wen leeuwen@sph.com.sg Acting Deputy Foreign Editor QUICKquizquestion:WayneRooneyhasnotched up the most goalsforManchesterUnited this season with 25 strikes so far. But who is the second-highest scorer? Stumped?Theanswer, believeit or not, is a “player” nicknamed “Oggie” short for “own goal” and “he”
        ILLUSTRATION BY LUDWIG ILIO  -  614 words
      • 850 16  -  kick off |with john dykes John Dykes WEDNESDAY morning’s Champions League classic at the San Siro stadium may have been memorable for another breathtaking showing by Wayne Rooney but it also brought further evidence of one of football’s great personal comebacks. In
        850 words
    • GOLF
      • 1100 17  -  Even though the prize money has fallen, it has still managed to attract the top players. By Justine Moss hsbc women’s champions 2010 By Justine Moss btnews@sph.com.sg WHENHSBCan-nounced in November last year that its Women’s Champions event would continue in Singapore for another three
        PHOTOS: AFP, FULFORD  -  1,100 words
    • MOTORING
      • Article, Illustration
        657 18/19  -  The brand new Audi A8 packs a punch as a contender in the full-size luxury limousine market. By Samuel Ee market.By Samuel Ee samuelee@sph.com.sg THE Audi A8 may have been a technological breakthrough with its aluminium body and quattro all-wheel-drive, but as a contender in the full-size luxury
        657 words
      • 667 18/19  -  By Samuel Ee samuelee@sph.com.sg THE first A8 in 1994 represented a technological breakthrough when it became the first production car to feature an aluminium bodyshell. The signature aluminium space frame continued with the second generation in 2003, but for 2010, the third generation uses some steel in the
        667 words
      • 512 20  -  What makes an automotive brand popular? Our focus on Singapore’s Top 10 makes continues with the republic’s third most popular brand Honda. Samuel Ee lists the range available here and picks the model that best exemplifies the Japanese carmaker’s appeal. brand focus Samuel Ee samuelee@sph.com.sg HONDA may
        512 words
      • 398 20  -  lineup roundup By Samuel Ee samuelee@sph.com.sg WITH their accurate steering and confident handling, Honda cars have always been the sportier alternative among Japanese models. It also had engineering advances such as a double-wishbone suspension and VTEC engine with variable valve lift and timing technology. Apart from the
        398 words

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