The Business Times, 25 February 2010

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Microfilm: NL30589
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Thursday, February 25,2010
    23 words
  • Article, Illustration
    Lock icon Game on as MBS gears for April 27 opening
    750 1  -  Second casino will split punters, show real size of market By ARTHUR SIM [SINGAPORE] With Singapore’s first casino hogging the headlines and the clientele so far, the second one has edged its way into the picture by announcing that it will
    AFP  -  750 words
  • Article, Illustration
    Lock icon HK acts again to prick its property bubble
    704 1  -  Stamp duty on luxury property sales raised in Budget; supply of flats to increase By CONRAD CONRAD TAN [SINGAPORE] Hong Kong’s government yesterday raised the stamp duty on luxury property sales and warned that more such measures could follow the clearest sign
    AP  -  704 words
  • Article
    Lock icon MARKETS DIGEST
    141 1 ST INDEX 2,762.14 (-20.41) ST INDEX FUTURES 2,762 (-21) SIMSCI 331.48 (-2.15) SIMSCI FUTURES 331.00 (-2.60) FOREX US$ S$ US$ (S$ per US$) 1.408 (US$/S$ per 1.544 2.173 EURO (US$/S$/E) 1.353 1.905 Foreign currency per US$ S$ YEN 90.30 64.20 RM 3.401 2.416 HK$ 7.764 5.515 BAHT 33.06
    141 words
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      201 1 BizIT HP Labs sets up S’pore R&D arm PAGE 28 OPINION Finally, Japanese investors look at Asia PROPERTY Private home sales still buzzing PAGE 32 HOCK LOCK SIEW Good progress, but the work will get harder PAGE PAGE 20 VP. y V.v.> 12 H *****1 \U2 m i :M ymmm
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      11 1 HK ups stamp duty on sales of luxury homes, Page 31
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      601 2 HK acts again to prick its property bubble HONG Kong yesterday raised the stamp duty on luxury property sales and warned that more such measures could follow the clearest sign yet that officials there fear the consequences of a bubble forming, and then bursting, in the private-home market.
      601 words
    • Article, Illustration
      Lock icon Horizon Towers lawsuits headed for trial
      766 2  -  High Court dismisses striking out action by 2 former sales committee members By MICHELLE QUAH [SINGAPORE] The latest legal tussle involving Horizon Towers looks set to go into full swing, with the High Court having dismissed the action by the two defendants to strike
      FILE PHOTO  -  766 words
    • Article, Illustration
      Lock icon Fed: Nascent US recovery still needs low rates
      659 2 Bloomberg [WASHINGTON] Federal Reserve chairman Ben Bernanke said the US economy is in a “nascent” recovery that still requires low interest rates to encourage demand by consumers and businesses once federal stimulus expires. “A sustained recovery will depend on continued growth in
      Bloomberg; AP  -  659 words
    • Article
      Lock icon World trade sees biggest drop since WWII
      305 2 AFP [BRUSSELS] Global trade last year suffered its biggest collapse since World War II, an unprecedented 12 per cent drop according to new figures, with worrying signs suggesting that 2010 threatens only mediocre recovery. “World trade has also been a casualty of the
      AFP  -  305 words
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      386 2 KPMG KPMG Seminar Series SINGAPORE Singapore Budget 2010 Date Minister for Finance, Mr Tharman Shanmugaratnam has delivered his Friday, 5 March 2010 Budget Statement. Time 9.00am to 1.00pm Venue Orchard Hotel Singapore Seminar Fees Client S$100 per participant KPMG Alumni SSI00 per participant Non-client S$ 120 per participant The fee
      386 words
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      288 3 FlLBn A Vision of White in the Orchard \\v vV\\\W\ \\v\ww A \\\\W\1 ill Mm\\ p« vWxwVwWV. ill N \N \i m mm •WW v, \4vi saws vm J imsXMvvmxxL b€rn NH k x *'4K !ir n r~ £n=Ha ffHTOn ;0x%K w^#pSSHps 1M m 1 i 1 Til J TTU
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  • BUDGET 2010
    • Article
      Lock icon More pocket money or serious incentive?
      577 4  -  SMEs welcome new scheme but await details before assessing impact By TEH SHI NING [SINGAPORE] Small and medium enterprises welcomed the Productivity and Innovation Credit announced in Budget 2010. But pending details from IRAS this June, many were hesitant to say if it will
      577 words
    • Article, Illustration
      Lock icon Let’s make Budget 2010 happen
      1084 4  -  We must deliver products and services better, faster and smarter COMMENTARY By RUSSELL AUBREY The writer is head of tax services at Ernst Young IMiniststruck“[Bon buiwe neour ec T WAS this sentence, from the Minister’s Budget speech, that struck me the most: “[BUDGET 2010] focuses
      YEN MENG JIIN  -  1,084 words
    • Article, Illustration
      Lock icon Mixed response to shipping tax breaks
      492 4  -  But most agree it promotes S’pore as a maritime hub By VINCENT WEE [SINAGPORE] The various tax incentives for the maritime sector were met with a mixed response from industry players, however the consensus was that it was a positive signal to encourage the
      492 words
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      60 4 H I Ki ti BI j! S m 9 i i o True luxury and comfort. Handmade like no other Vl-Spring. It's pure indulgence and sumptuousness that more than meets the eye. Come and experience it for yourself at Luxury Mattress Collection. r/ j y c (<////'<>.; COLLECTION Showroom: 9
      60 words
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  • COMPANY NEWS
    • Article
      Lock icon Hyflux profit hits another high
      370 5  -  Full-year earnings up 27% at $75m as Q4 net profit doubles to $26m By CHEW XIANG WATER treatment group Hyflux yesterday reported yet another year of record profit as earnings continued flowing from its massive project wins in North Africa. Net profit for 2009 was
      370 words
    • Article
      Lock icon Good progress, but the work will get harder
      1041 5  -  HOCK LOCK SIEW By CONRAD TAN OCBC Bank has come a long way since its current chief executive David Conner was appointed in 2002. Its recent acquisition of ING Asia Private Bank can be seen as the crowning achievement of his tenure
      1,041 words
    • Article
      Lock icon United Engineers posts net profit of $52m
      318 5  -  By UMA SHANKARI CONSTRUCTION and property group United Engineers yesterday reported a net profit of $52.2 million for 2009, a significant jump from $6.0 million in 2008. The company’s revenue rose 13 per cent to $703.7 million in 2009, from $624.6 million in
      318 words
    • Article
      Lock icon Kingsmen profit up 11.3% in Q4
      552 6  -  Revenue up 45% to $90.4m; it will pay out a final dividend of 2¢ a share By VEN SREENIVASAN DESPITE challenging economic conditions, communications design company Kingsmen Creatives recorded its sixth consecutive year of growth, with record revenue and profit and a steadily growing
      552 words
    • Article
      Lock icon Design Studio FY09 earnings double
      459 6  -  By VEN SREENIVASAN DESIGN Studio Furniture Manufacturer Ltd has doubled its full-year earnings on the back of a more than 50 per cent rise in topline revenue, thanks to recognition of numerous projects in Singapore and North Asia. The mainboard-listed upmarket furniture and fit-out specialist
      459 words
    • Article, Illustration
      Lock icon Friven holds Asia licence for pop group Hi-5
      354 6  -  By ABIGAIL KOR LIFESTYLE company Friven Co Ltd has signed an agreement to acquire a 51 per cent stake in Sheares Asia Production Pte Ltd a move that will make it the licence holder, merchandiser and tour partner for Asia for the
      354 words
    • Article
      Lock icon At a glance
      217 6 Full-year and 04 results ended Dec 2009 r endt Full yea >d Dec 2009 Q4 ended Dec 2009 NET PROFIT (SSM) TURNOVER (SSM) NET PROFIT (SSM) TURNOVER (SSM) COMPANY CURRENT PREVIOUS CHG CURRENT PREVIOUS CHG CURRENT PREVIOUS CHG CURRENT PREVIOUS CHG 1 StraitsAsia 187.48 174.67 7.3 1.050.69
      217 words
    • Article
      Lock icon Koon clinches $226m Vietnam port project
      299 6  -  By JASLENE PANG KOON Holdings has won a $226 million port project in Vietnam its first major overseas contract. The civil engineering, reclamation and shore protection specialist clinched the deal for the turnkey design and construction of Sao Bien International Port through its 60
      299 words
    • Article
      Lock icon Buoyant Q4, full year for Oceanus
      516 9  -  Key factors: fair value gains, higher sales, absence of goodwill write-off By LYNETTE KHOO FAIR value gains, higher sales and the absence of goodwill write-off lifted Oceanus Group’s 2009 net profit by 77 per cent to 343.16 million yuan (S$70.62 million). The China-based abalone
      516 words
    • Article, Illustration
      Lock icon Straco Q4 net dips, full-year up 14%
      390 9  -  By VEN SREENIVASAN SINGAPORE-controlled but China-based tourism attractions operator Straco Corporation reported a 14 per cent increase in net profit to $8.84 million for the year ended Dec 31. This was achieved on the back of a 7 per cent rise in revenue
      390 words
    • Article
      Lock icon Riverstone Q4 earnings leap 89.5% to RM11m
      227 9  -  By OH BOON PING GLOVE maker Riverstone Holdings has reported an 89.5 per cent jump in net profit to RM11 million (S$4.56 million on a 43.7 per cent rise in revenue to RM47.4 million for the fourth quarter ended Dec 31. For the
      227 words
    • Article
      Lock icon Raffles Education to set up uni in Iskandar Malaysia
      244 9  -  By JAMIE LEE RAFFLES Education Corporation (REC) is looking to extend its ties with Malaysian state investor Khazanah Nasional with a possible collaboration on a multi-insti-tutional education campus in Iskandar Malaysia. The school operator said yesterday that it is looking to
      244 words
    • COMPANY BRIEFS
      • Article
        Lock icon Fortune Reit seeking dual listing in HK
        48 9 ARA Asset Management, the manager of Fortune Reit, is seeking a dual primary listing of the Reit’s units in Hong Kong to gain direct access to Hong Kong’s capital market and exposure to a wider range of private and institutional unitholders.
        48 words
      • Article
        Lock icon Hong Leong Finance in 41.2% profit jump
        115 9 HONG Leong Finance has reported that net profit for 2009 rose 41.2 per cent from a year ago to $111.18 million, equivalent to 25.26 cents a share. The results for the year were arrived at after charging provision for the settlements relating to
        115 words
      • Article
        Lock icon Straits Asia net profit up 7.3% at US$133.5m
        67 9 STRAITS Asia Resources has posted a net profit of US$133.5 million for the year ended Dec 31, 2009. This works out to a 7.3 per cent rise from the previous year. Sales revenue rose 27.9 per cent year-on-year to US$748.4 million. The
        67 words
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      183 5 want to be at football's greatest event? Wc< ir,, Ff i v 'N, l\ 3T v v 'A rV. A' r~ *> .1 ■V s iffc 'fiiflj, s 1 S- l< flLfc* -A,-?*! i'tfVv «Alfl f v: If':. use your Visa card for a chance to be there. stand to
      183 words
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      153 6 HSU r V\ mm mi Ml ii !.J,!!I I i m 1 II mmgm u r > mm mmm Hf;/ ;/I';.' mm. m jr. m V m Mil: '//a I h i i I JhtJj tl il I'll wm At AETOS, we understand your need to safeguard all that you
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  • Page 6 Miscellaneous
    • Miscellaneous
      Lock icon Page 6 Miscellaneous Column 1
      40 6 i Zfo "Om 10 Million Hong Bao Draw Tomorrow at 9.30pm Sales close at 9pm tomorrow p a Y(i Always Pl°y w 'th care. responsibly) Do not bet illegally. RCB Reg No.: *****0202G Towards Community Purpose and Benefit SINGAPORE EJ
      40 words
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      112 7 The "World Is Now It's a big world out there; just today it seems a little less daunting. Nokia's Ovi Maps with navigation are now available for free, worldwide and forever on a wide range of Nokia smartphones. If s Voice Guided Navigation on your mobile. So get out there,
      112 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Stocks slip back into the red
      565 8  -  Caution reigned after the US market plunged on Tuesday and Hang Seng ended negative yesterday STOCKS R SIVANITHY Senior Correspondent ‘ONE step forward, one step back’ is probably an apt description of current trading after the Straits Times Index rose 25 points on Tuesday,
      Source: Bloomberg  -  565 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Feb 24 VALUE CLOSE BT OB/OS 418.00 +118.0 BT CADI -*****.00 +46.0 BT 10-day MA -*****.00 +42.00 FTSE ST Mid Cap 672.32 +0.58 FTSE ST Small Cap 527.93 +3.95 FTSE ST All Share 682.82 -3.65 FTSE ST China Top 274.22 +3.31 FTSE ST China 287.56 +0.91 FTSE
      66 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 7 3 0 0 0 7 7 3 Manufacturing 63 36 68 7 6 10 70 42 78 Commerce 22 17 31 5 1 2 27 18 33 Tpt/Stor/Comms 14 14 11
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon China XLX Fertiliser
        189 8 Feb 24 close: $0.58 CIMB-GK, Feb 24 Q409 core net profit of 51.9 million yuan (-22 per cent y-o-y) was ahead of consensus but in line with our expectations. FY09 core profit forms 105 per cent of our FY09 forecast. We adjust our FY10-11 estimates by -0.6
        Source: Bloomberg  -  189 words
      • Article, Illustration
        Lock icon Parkway Holdings
        312 8 Parkway Holdings Feb 24 close: $2.93 DMG Partners Securities, Feb 24 STRIPPING out the exceptionals, Parkway’s Q409 net profit of $32.3 million was a tad better than we had expected. It continues to build up its presence in the region, given the continued strong demand for private healthcare
        Source: Bloomberg  -  312 words
      • Article
        Lock icon Noble Group
        362 8  -  Compiled by Lynette Khoo Feb 24 close: $3.11 DBS Group Research, Feb 24 A STRONG Q409: Q409 earnings came in at US$84.9 million (-38.9 per cent y-o-y and -35.8 per cent q-o-q). This includes US$27.7 million one-off charge to retire US$488 million debt due 2015 from pro- ceeds
        362 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,871 16,871 51,004 51,004 Manufacturing 305,580 11,414 316,994 278,271 653 278,924 Commerce 98,135 19,802 117,937 159,418 5,119 164,537 Tpt/Stor/Comms 112,439 1,279 113,718 163,330 223 163,553 Finance 21,091 115 21,206 145,036 10 145,046 Construction 27,058 5,819
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 8 Stock name Close Change CapitaLand 3.790 -0.030 CapitaMall 1.770 -0.020 CityDev 10.320 -0.060 ComfortDelGro 1.560 -0.020 Cosco Corp 1.240 -0.020 DBS Grp 14.040 -0.160 F&N 4.140 +0.010 Genting SP 0.940 -0.015 Golden Agri 0.550 HK Land 4.600 -0.050 JMH 28.600 -0.680 JSH 16.560 -0.100 Jardine C&C
      113 words
    • Article, Illustration
      Lock icon US$ finds support ahead of Bernanke testimony
      552 8 Reuters [LONDON] The US dollar held broad gains yesterday after weak US consumer confidence data the previous day stung risk appetite, and as investors braced for testimony from Federal Reserve chairman Ben Bernanke. Higher-yielding currencies, including the Australian dollar, slipped to the day’s
      Reuters; AFP  -  552 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 8 VOLUME Genting SP 79,102,000 Golden Agri 58,241,000 Ying Li 38,287,000 Yangzijiang 32,020,000 Z-Obee Hldgs 27,831,000 Noble Grp 27,792,000 IndoAgri 26,586,000 Jaya Hldgs 25,729,000 Sinotel Tech 21,234,000 NOL 18,839,000 VALUE($) Noble Grp 86,526,260 DBS Grp 78,132,040 Genting SP 74,715,665 IndoAgri 56,549,370 SembMar 48,941,000 Yangzijiang 36,406,210 NOL 34,088,494 CapitaLand
      57 words
    • Article
      Lock icon RISES
      111 8 BY CENTS CLOSE UP DBXT S&P Short 10US$ 5445 98.5 1.3 DBXT MSEurope 10US$ 3986 57.7 1.0 DBXT MSAsExJp 10US$ 2644 56.3 1.5 Jardine C&C 2524 46.0 1.9 Lyxor LatinAmerica 1 795 35.2 3.2 OCBC Bk 4.5%NCPS 100 9820 28.0 0.3 STXPO 100 1442 24.0 1.7 UOB 5.05%NCPS 100
      111 words
    • Article
      Lock icon FALLS
      118 8 BY CENTS CLOSE DOWN GLD 10US$ *****-275.8 -1.8 DBXT DJE50 10US$ 3888-168.8 -3.0 JMH 2860 -95.7 -2.3 DBXT FTVietnam 10US$ 4274 -73.2 -1.2 OCC 3.93% NCPS10 8620 -30.0 -0.3 Venture Corp 860 -22.0 -2.5 Asia Pac Brew 1330 -20.0 -1.5 Lyxor Europe 10 US$ 1182 -19.7 -1.2 Lyxor Russia
      118 words
    • Article
      Lock icon CURRENCIES
      87 8 Where S$ stands Feb 24 CHNG YR 2010 CLOSE FR Feb 23 S$ LOW S$ HIGH US$ 1.4102 -0.19 1.4219 1.3869 Euro 1.9081 0.53 2.0153 1.9081@ Pounds 2.1768 -0.19 2.2776 2.1726 A$ 1.2501 1.75 1.2923 1.2276 Yen* 1.5662 -1.21 1.5897 1.5027 Rupiah* 0.***** 0.02 0.***** 0.***** Baht* 4.2643 -0.22
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      63 9 CONGRATULATIONS to the Graduating Class of 2010, Asia Campus Congratulations also to the 20 7 0 Executive MBA graduates from the University of Chicago Europe and North America Campuses. And we look forward to welcoming our new Asia class commencing June 2010. The University of Chicago Booth School of Business
      63 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Travel agency targets Sands high rollers
      303 10  -  $500,000 venture expects first-year sales of $20-$25m By NISHA RAMCHANDANI DYNASTY Travel is investing $500,000 in an upmarket outlet at Marina Bay Sands (MBS) aimed at the high rollers who will pass through the casino resort’s doors. The new venture, Royale Dynasty, is expected
      303 words
    • Article
      Lock icon Open category, big car COEs hit 6-year high
      304 10 Traders say jump is due to expectations of a cut in quota PREMIUMS for certificates of entitlement rose across the board yesterday, with the big car and open categories hitting six-year highs as demand for new vehicles edged up over the past
      304 words
    • Article, Illustration
      Lock icon Three new schemes to boost skills in local industry
      326 10  -  By ABIGAIL KOR IN response to the nation’s call for greater productivity, three new courses under the Singapore Workforce Skills Qualifications (WSQ) system have been launched for the local manufacturing industry. Developed through a collaboration between the Singapore Manufacturers’ Federation (SMa),
      326 words
    • Article
      Lock icon Most financial advisers here favour fee-commission mix
      319 10  -  By CONRAD TAN FINANCIAL planners in Singapore are strongly in favour of a compensation structure that includes both fee and commission income, rather than relying on just fees or commissions alone, according to a new survey. Eight in 10 of the financial advisers
      319 words
    • Article
      Lock icon Temasek prices $1b worth of bonds
      194 10 TEMASEK Holdings yesterday priced $1 billion of 15-year and 25-year bonds due 2025 and 2035 respectively under its US$10 billion guaranteed global medi-um-term note programme. The 15-year notes, totalling $500 million, are priced at a spread of 50 basis points over the 15-year Singapore
      194 words
    • Article
      Lock icon Maybank offers guaranteed structured deposit
      256 10 MAYBANK Singapore has launched a guaranteed structured deposit linked to the performance of an underlying basket of Singapore blue chips. It said customers will receive one per cent fixed payout every year for the three years, and their principal back at maturity with the principal
      256 words
    • Article
      Lock icon MHA releases detainee Abdul Basheer
      210 10 A SINGAPOREAN detained under the Internal Security Act (ISA) for planning and preparing to engage in militant activities was released on a Suspension Direction on Feb 21, the Ministry of Home Affairs (MHA) said yesterday. The direction carries conditions which prohibit Abdul Basheer from associating
      210 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Dollar Land snags 99-year land tender
        67 10 THE Urban Redevelopment Authority (URA) yesterday awarded the tender for a 99-year leasehold residential site at the junction of Choa Chu Kang Road and Woodlands Road to Dollar Land Singapore, a Far East Organization unit. The company submitted the highest bid of $164 million
        67 words
      • Article
        Lock icon US bigwig wins S’pore defence award
        52 10 JAMES Tegnelia, former Director of the US Defence Threat Reduction Agency, was conferred the Singapore Defence Technology Distinguished Fellowship by Deputy Prime Minister and Defence Minister Teo Chee Hean yesterday. The award recognises individuals who have contributed significantly to the development of Singapore’s defence
        52 words
      • Article
        Lock icon Career guidance portal for students launched
        48 10 MASAGOS Zulkifli, Senior Parliamentary Secretary for Education and Home Affairs, launched an interactive web-based Education and Career Guidance portal (ecareers.sg) for Primary 5 and 6 students at St Andrew’s Junior School yesterday. Through this, students will be able to explore various occupations.
        48 words
    • Article
      Lock icon 7,500 to take part in health survey
      224 10 THE Health Ministry said yesterday it will conduct field work for the National Health Survey 2010 from March to June. Letters are being sent to 7,500 Singaporeans asking them to take part in the survey. They were randomly selected from about 17,000 households.
      224 words
  • Page 10 Advertisements
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      639 10 MATS 3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FU YE CHEMICALS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****0400K Extract of the Minutes of an Extraordinary General Meeting of FU YE CHEMICALS PTE LTD signed by the Representative of
      639 words
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      21 10 THE MONETARY AUTHORITY OF SINGAPORE Results of auction of taxable book-entry Singapore Government Bonds to be issued on 1 Mar 2010
      21 words
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  • ECONOMY WATCH
    • Article
      Lock icon Senators closer to US financial reform deal
      726 11 Bipartisan proposal for independent regulator may have best shot in Senate LAT-WP [WASHINGTON] A year and a half since the collapse of Lehman Brothers, there appears to be a good chance for a breakthrough now in creating the new regulatory apparatus to make
      LAT-WP  -  726 words
    • Article, Illustration
      Lock icon US recovery extremely unbalanced: Greenspan
      349 11 Reuters [WASHINGTON] Former Federal Reserve chairman Alan Greenspan said on Tuesday that the US economic recovery was “extremely unbalanced”, driven largely by high earners benefiting from recovering stock markets and large corporations. Small businesses and the jobless are still suffering from the aftermath of a
      Reuters  -  349 words
    • Article, Illustration
      Lock icon Japan exports jump 41 % on China boost
      470 11  - Japan exports jump 41 on China boost Third largest gain on record kindles hopes for GDP growth By in ANTHONY ROWLEY JAPANESE exports jumped 41 per cent by value in January from their level a year earlier, marking their third largest gain on record and further kindling hopes that the
      BLOOMBERG  -  470 words
    • Article
      Lock icon Exports prop up stumbling Germany economy in Q4
      557 11 Reuters [BERLIN] Germany’s economic recovery stalled in the fourth quarter of 2009, as weak consumption and a liquidation of inventories offset firmer exports, leaving Europe’s largest economy on a weak footing going into 2010. German gross domestic product (GDP) was unchanged in
      Reuters  -  557 words
  • Page 11 Advertisements
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      264 11 TELKOMSEL USD 318,000,000 EKN-Supported Export Credit Facility Joint Mandated Lead Arranger December 2009 indosat USD 315,000,000 EKN-Supported Export Credit Facility Joint Mandated Lead Arranger August 2009 Delivering for our clients time and time again Across financing and risk management, our clients know they can rely on our global expertise and
      264 words
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  • MALAYSIA
    • Article
      Lock icon Malaysia’s Q4 GDP grew a better than expected 4.5%
      646 12  -  Govt takes credit for pumping RM1b a month into economy from Jan 2009 By in Kuala S JAYASANKARAN MALAYSIA’S economy, in real gross domestic product terms, grew 4.5 per cent in the fourth quarter of 2009, confounding the consensus forecast of
      646 words
    • Article, Illustration
      Lock icon Two-tier fuel purchase plan shelved by KL?
      466 12  -  By in Kuala PAULINE NG DAUNTED by the prospect of an electoral backlash, Malaysia is likely to defer addressing two prickly subsidy issues a scheduled power tariff review and a proposed two-tier system for petrol purchases. Following significant queries and feedback from the
      REUTERS  -  466 words
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      220 12 Ampersand KIA PENG KUALA LUMPUR The old-prestige Jalan Kid Peng enclave on the edge of the Golden Triangle is home to various residences, fine restaurants, distinguished residences and even a spa. A space that resonates with the buzz of the city breath of the earth. Each residence at Ampersand is
      220 words
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      4 12 HRSlW®* et,nS m www.radio9l3.com
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Beijing rejects Tengzhong’s bid for Hummer: source
      573 13 Heavy machinery maker may use an offshore firm to acquire US company Reuters [HONG KONG] Beijing has rejected a bid by an obscure Chinese industrial equipment maker to buy General Motors’ (GM) money-losing Hummer brand, a source said, dealing a possible death blow
      Reuters; BLOOMBERG  -  573 words
    • Article
      Lock icon China postpones some military exchanges with US
      344 13 Washington’s arms package for Taiwan has angered Beijing Reuters [WASHINGTON] China has postponed several high-lev-el exchanges between the United States and Chinese military leaders since Washington angered Beijing by announcing a US$6.4 billion arms package for Taiwan, US officials said on Tuesday. The
      Reuters  -  344 words
    • Article
      Lock icon Hutchison to invest £1b in UK assets
      199 13 Bloomberg [HONG KONG] Hutchison Whampoa Ltd, billionaire Li Ka-shing’s biggest company, plans to invest £1 billion (S$2.18 billion) in its UK assets over the next two years. The money will probably be invested in businesses including health and beauty retailer Superdrug, Hutchison Whampoa
      Bloomberg  -  199 words
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      103 13 BE A MEMBER OF NUSS •-ZJ I rs i GET A FREE HEWLETT-PACKARD NETBOOK $400 F&B CREDITS IF YOU JOIN BEFORE 12 MARCH 2010! Transferable Membership Interest-free Instalment Plan Open to Graduates of Recognised Universities Pay only $2,000 if you've graduated within the last 3 years Visit www.nuss.org.sg or call
      103 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Fans rally to turn HK ‘love hotel’ to Bruce Lee memorial
      552 14 AFP [HONG KONG] The rundown house at 41 Cumberland Road in Hong Kong’s quiet Kowloon Tong district might escape the notice of passers-by if it were not for a sign signalling that it is a “love hotel”. Rooms are
      AFP  -  552 words
    • Article
      Lock icon CNOOC posts 2009 profit of US$7.6b
      194 14 Bloomberg [BEIJING] China National Offshore Oil Corp (CNOOC), the country’s third-biggest oil producer, made a profit of US$7.6 billion in 2009, president Fu Chengyu said yesterday. CNOOC’s sales rose 4.8 per cent to US$32.5 billion, and oil and gas output rose 11 per cent
      Bloomberg  -  194 words
    • Article
      Lock icon Life gets back to normal for Google
      497 14 As business closure worries ease, it’s hiring again and advertisers are returning Bloomberg Reuters [BEIJING] Google Inc’s China business is hiring and advertisers are returning, as concerns ease that the government will shut the company’s operations after it threatened to defy censorship rules.
      Bloomberg; Reuters  -  497 words
    • Article
      Lock icon Chinese banks told to tighten local govt loans
      557 14 Markets unfazed, with shares up 1.3% but cash flows to stocks seen slowing Reuters [SHANGHAI] China’s banking regulator has told commercial lenders to tighten their grip on credit to local governments in an effort to ward off potential risks of default, state
      Reuters  -  557 words
    • Article
      Lock icon India to spend US$9b on railway expansion
      401 14 Reuters [NEW DELHI] India unveiled a US$9 billion plan yesterday to expand its creaky and overstretched railway system. The government plans to build more than 1,000 km of track and add 18,000 rail cars in the year to March 2011, Rail Minister Mamata
      Reuters  -  401 words
  • Page 14 Advertisements
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      171 14 NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School NANYANG PROGRAMME Transforming the Next Generation of Asian Leaders The Nanyang Fellows Programme is the flag-ship one-year full-time MBA programme of the Nanyang Business School since 1998. The Nanyang MBA is ranked world's top 24 by The Financial Times in January 2009. Business *T'
      171 words
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  • INDIA
    • Article
      Lock icon India Budget to push for financial inclusion
      693 15 Move will help secure votes, create opportunities for banks, tech, mobile firms Reuters [MUMBAI] The Indian government’s push for financial access for hundreds of millions of the unbanked is helping to secure its vote base and creating lucrative opportunities for financial institutions, technology
      Reuters  -  693 words
    • Article, Illustration
      Lock icon India’s review of fuel prices rivets energy firms
      587 15 If the govt eases controls, prices may rise by about 10% Reuters [NEW DELHI] Energy firms are focused on India’s moves to review fuel pricing, a long-awaited decision that will cut subsidy bills, revive competition in the transport fuel market and encourage
      Reuters; REUTERS  -  587 words
  • Page 15 Advertisements
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      138 15 "i e^^at e pfr 4 ssa m TV «*> St* v .H tjg *s*2 >, sss ./rs--L Jf T l) I Cv International property o: M nonnrP exhibition returns to Singapo Worldwide Property Show ndia Real Estate 27 th 28 th February Suntec Singapore Saturday 27 th and Sunday 28
      138 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon Toyota president braces for tough US Congress hearing
      811 16 Pressure piles as Japan unveils probe on unintended acceleration cases Reuters NYT [WASHINGTON] Toyota Motor Corp’s president Akio Toyoda braced for tough questions from a US congressional panel last night after the Japanese automaker conceded it had let safety standards slip and
      Reuters; NYT; AFP  -  811 words
    • Article
      Lock icon No sympathy from Toyota’s Japanese suppliers
      599 16 NYT [KARIYA, Japan] As Toyota’s president Akio Toyoda faces American lawmakers, his company will be facing something else here in Japan’s auto manufacturing heartland: an unprecedented level of opprobrium. Come what may, Toyota used to be able to count on a reflexive loyalty in
      NYT  -  599 words
    • Article
      Lock icon Hyundai recalls new Sonata sedans
      487 16 Reuters [DETROIT] Hyundai Motor will recall 47,000 of its new Sonata sedans to fix faulty door latches, seeking to avoid the damaging criticism Japanese rival Toyota Motor Corp faces for its handling of a series of safety problems. The South Korean automaker announced the voluntary
      Reuters  -  487 words
    • Article
      Lock icon New home sales hit record low in Jan
      314 16 LATEST US DATA AP [WASHINGTON] Sales of new homes plunged to a record low in January, underscoring the formidable challenges facing the US housing industry as it tries to recover from the worst slump in decades. The Commerce Department reported yesterday that
      AP  -  314 words
  • Page 16 Advertisements
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      153 16 CATCH TONY BLAIR LIVE AT WITH You won't want to miss one of the world's most respected and admired leaders discussing relevant and challenging global issues that may have an impact on you here in Singapore! Totally sold-out in 2008 and 2009, the event (Apr 27-29) is expected to attract
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  • WORLD
    • Article, Illustration
      Lock icon Three antitrust complaints filed against Google
      258 17 Bloomberg [BRUSSELS] Google Inc, owner of the world’s most popular Internet search engine, faces European antitrust scrutiny after three companies filed complaints about unfair competition. A UK price-comparison site called Foundem, a French legal search engine called Ejustice.fr and a Microsoft Corp service called
      Bloomberg; REUTERS  -  258 words
    • Article
      Lock icon Boost for fuel cell technology?
      472 17 Start-up claims to have discovered way to supply cheap electricity NYT [SUNNYVALE, California] A Silicon Valley company is claiming a breakthrough in a decades-old quest to develop fuel cells that can supply affordable and relatively clean electricity. Google, Bank of America, Wal-Mart and other large
      NYT  -  472 words
    • Article, Illustration
      Lock icon Wall St bonuses jump 17% to top US$20b
      539 18 Last year’s industry profits could exceed US$55b: New York state comptroller NYT [NEW YORK] The big money is back on Wall Street. Flush with record profits last year, investment banks and securities firms paid employees in New York City an estimated US$20.3
      NYT; AFP  -  539 words
    • Article
      Lock icon HSBC shareholders reject pay rise for chief exec: FT
      271 18 Bank proposed to raise his pay by onethird from £1.1m Reuters [LONDON] HSBC has shelved plans to award its chief executive a pay rise of more than a third, after shareholders rejected the proposal amid concerns of a rising backlash over
      Reuters  -  271 words
    • Article
      Lock icon Lloyds CEO to forgo £2.3m bonus
      456 18 RBS chief would also refuse his 2009 bonus: report AFP [LONDON] Britain’s staterescued Lloyds Banking Group announced on Monday that its chief executive Eric Daniels would not take his annual bonus of £2.3 million (S$5 million). The group, which is 43 per cent state
      AFP  -  456 words
    • Article
      Lock icon FDIC faces fresh wave of bank failures
      576 19 It puts 702 lenders on its problem banks’ list, which may cost it billions NYT [NEW YORK] The Federal Deposit Insurance Corp (FDIC) is bracing itself for a new wave of bank failures that could cost the agency many billions of dollars and
      NYT  -  576 words
    • Article
      Lock icon Summit may revive health care bill
      303 19 Bloomberg [WASHINGTON] President Barack Obama may be creating the best chance to push through his stalled health care plan by summoning his political foes to a summit today. Mr Obama’s invitation to congressional leaders to convene at Blair House, across from the White House,
      Bloomberg  -  303 words
    • Article
      Lock icon Greek Deputy PM blasts Germany
      551 19 Two unions strike against Athens’ austerity measures Reuters AP [LONDON] Italy did more than Greece to mask the state of its finances to secure eurozone entry, Greek Deputy Prime Minister Theodoros Pangalos said. He also said that Germany’s history made it ill-placed to criticise his
      Reuters; AP  -  551 words
    • Article, Illustration
      Lock icon TATE PUTS TOGETHER HENRY MOORE SHOW
      109 19 [LONDON] This photograph of ‘Reclining Figure 1929’ by British sculptor and artist Henry Moore was released in London on Monday. Moore was best known for his abstract monumental bronze sculptures. He is portrayed as a radical who explored a dark world of sex, war
      REUTERS  -  109 words
    • Article
      Lock icon Trump, Icahn in court battle over casinos
      418 19 They seek control of Atlantic City casinos bearing Trump name Reuters [CAMDEN, New Jersey] Celebrity real estate developer Donald Trump and investor Carl Icahn took their fight for the Atlantic City hotel-casinos bearing Mr Trump’s name to US bankruptcy court on Tuesday, with
      Reuters  -  418 words
  • Page 17 Advertisements
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      98 17 BURY THE COMPETITION. Voted The Straits Times Best Value Non-Japanese Car 2009 Free insurance, 1-year road tax and 3 scheduled servicing worth up to $5,000* SIMPLY CLEVER k The new Skoda Superb. The world's first elegant five-door sedan with patented Twinboot. Opens up to a stunning 1,670 litres of boot
      98 words
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  • Page 18 Advertisements
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      824 18 MAT-3 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ORTHOPAEDIC CONCEPTS PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) Company Registration No. *****3508E NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of ORTHOPAEDIC CONCEPTS PTE. LTD. duly
      824 words
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      314 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF UBIX BUSINESS SOLUTIONS PTE. LTD. (In Voluntary Liquidation) Company Registration No. *****1556D NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final Meeting of the members of the above
      314 words
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      39 18 GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. Q. 5 MATS NOTICES
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  • Page 19 Advertisements
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      105 19 REWARD THOSE WHO STAYED WITH YOU THROUGH THICK THIN The recent economic crises took a toll on many companies and individuals. Those employees who stood beside you to weather the storm, deserve to be rewarded with at least, an incentive trip that'll enhance productivity, foster team-bonding and a strengthening in
      105 words
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      Lock icon Page 19 Advertisements Column 2
      57 19 HflSSflH'S CARPETS SALE TIP TO 50% Voted 1st Choice in Rugs/Carpet Retailor Category of Exp a I Living Reader Awards 2009! HflSSflli'S CARPETS PURVEYORS OF FINE ORIENTAL 19 Tanglin Road #03-01/00 #01-12/13 Tanglin Shopping Centre *****9. Tel; 6737 5626 Fax: 6235 4968 Operating hours: Mon- Sat, 10am 7pm, Sun Public
      57 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon The plus side of China’s coastal labour crunch
      472 20 EDITORIAL OF late, we’ve been reading about the labour crisis in China’s coastal hubs. Yesterday, it was reported in China Daily that factories in Dongguan, the coastal city in Guangdong province, had to give up “small” orders after the spring festival because
      472 words
    • Article, Illustration
      Lock icon HK experience holds lessons for Chinese rule in Tibet
      770 20  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator PRESIDENT Barack Obama’s meeting with the Dalai Lama provoked fury in Beijing, even though the American leader had informed President Hu Jintao when he visited China in
      770 words
    • Article, Illustration
      Lock icon Finally, Japanese investors look at Asia
      931 20  -  Inaugural water bonds and oversubscribed Philippine Samurai Bond signal change ANTHONY ROWLEY Tokyo Correspondent IDON’T imagine that news this week of an inaugural issue of “water bonds” in Japan by the Asian Development Bank had exactly everyone jumping up and down in excitement, or
      AP  -  931 words
    • Article, Illustration
      Lock icon How China grows economically
      1047 21  -  Its alternative financing and governance mechanisms overcome weak legal and financial systems By QIAN MEIJUN The writer is an assistant professor in finance at NUS Business School. She specialises in financial systems in China, asset management and governance of financial institutions. This commentary is based on
      REUTERS  -  1,047 words
    • Article, Illustration
      Lock icon Blippy: Social media for shopaholics?
      811 21  -  By RACHEL METZ AP BY asking what’s happening or what’s on our minds, Facebook and Twitter have prodded people to broadcast just about anything, from what they ate for lunch to what movie they’re going to see. Now a new site wants to unearth more
      AP  -  811 words
    • Article
      Lock icon Committee to help small audit practices merge
      386 21  -  LETTER TO THE EDITOR Bobby Chin Chairman Committee to Develop the Accountancy Sector (CDAS) I REFER to the letter, “SME mergers: let markets determine”, by Helen Sim (BT, Feb 12). The Committee to Develop the Accountancy Sector (CDAS) recognises the important role that
      386 words
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  • AVIATION
    • Article, Illustration
      Lock icon Airfares soar as World Cup nears
      592 22 South Africa’s carriers come under scrutiny amid claims of price-fixing AFP [PORT ELIZABETH, South Africa] South Africa’s World Cup will be played over dizzying distances, but high airfares could complicate fans’ travels across a country three times larger than Germany. The southern city of
      AFP  -  592 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2879 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1240 SQ458 1415 EY473 1940 Adelaide LH9771 1740 LH9770 2350 SQ268 1740 SQ269 2350 VS7268 1740 VS7269 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 QF81 1830 Amsterdam LO4031 0610 KL836 0125 SQ323 0610 AZ3993 2250 US5410
      2,879 words
    • Article
      Lock icon Cathay, Air China to form cargo venture: sources
      267 22 Bloomberg [HONG KONG] Cathay Pacific Airways Ltd, Hong Kong’s largest carrier, and affiliate Air China Ltd intend to sign an agreement on forming an air-cargo venture before the end of the week, said three people familiar with the negotiations. The deal will
      Bloomberg  -  267 words
    • Article, Illustration
      Lock icon In-principle deal on troubled Airbus project
      629 22 It will be refined at the participating nations’ talks today Bloomberg [PALMA DE MAJORCA, Spain] Partners in the delayed A400M military transporter plane have reached an agreement in principle to rescue the troubled Airbus project, Spain’s defence minister said yesterday. Spiralling costs and delays
      Bloomberg  -  629 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      330 22 CRYPTIC CROSSWORD Across 1 Boy in the Navy brought into PM’s staff (9) 6 Despondency at hospital there’s expression of dissatisfaction (5) 9 Enjoyment’s returning (apt to pass away) (5,2) 10 Number perform song at uni, getting nervous (7,2) 11 A new parent, male out to be seen as an
      330 words
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  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      2206 23 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. Malaysia, Indonesia Destination DD LEADER
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      Lock icon Page 23 Advertisements Column 2
      1331 23 WAN HAI INTERNATIONAL PTE LTD UEN: *****4695M TEL: *****588 (14 LINES) FAX: *****163 PKL TEL: (03) *****888 FAX: (03) *****288 PEN TEL: (04) *****00 FAX: (04) *****99 JOH TEL: (07) *****23 FAX: (07) *****21 SUR TEL: (031) *****75 FAX: (031) *****14/*****05 JKT TEL: (021) *****88 FAX: (021) *****88 PLM TEL:
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  • SHIPPING
    • Article, Illustration
      Lock icon Tanker rates poised for hike: report
      435 24 Improving economy, falling oil stocks may lead Opec to raise output Bloomberg [NEW YORK] The world tanker market stands to benefit if an improving economy and declining oil inventories prompt the Organization of the Petroleum Exporting Countries to increase production, according to a report
      Bloomberg; REUTERS  -  435 words
    • Article, Illustration
      Lock icon Ships in key strait risk terror hits
      568 24 Turkish warship foils pirate attack in Gulf of Aden AFP [SANAA] Al-Qaeda could target ships in the strategic Bab al-Mandab strait between Yemen and Somalia but could never completely control it, Yemeni Foreign Minister Abu Bakr al-Kurbi was quoted on Tuesday as saying.
      AFP  -  568 words
    • Article
      Lock icon UN urges East Asia to protect its seas
      256 24 Bernama [NEW YORK] The East Asian economy could suffer seriously if seas are not protected, according to the United Nations Environment Programme (UNEP), Vietnam news agency reported on Tuesday. In its new report, the UNEP said that East Asia’s economically viable coastal
      Bernama  -  256 words
    • Article
      Lock icon TRANSPORT STOCKS
      281 24 SGX '000 Feb 24 S$ +/-Vol CH Offshore 0.65 unch 110 Chuan Hup Hldgs 0.31 unch 66 Cosco Corp 1.24 -0.02 ***** CWT Ltd 0.92 0.03 3223 Ezra Hldgs 2.27 -0.03 2247 First Ship Lease 0.59 unch 133 Freight Links 0.05 0.01 160 Grand Banks unch unch 0
      281 words
  • Page 24 Advertisements
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      584 24 SHIPPING TIMES HDS LINES THE SHORTEST TRANSIT TO PERSIAN GULF Visit our website at: TBA CONTAINER SERVICE TO JEDDAH, ISTANBUL, MIDDLE EAST, PERSIAN GULF, CIS, MEDITERRANEAN AND NORTHERN EUROPE HDM SERVICE FMX and SMX SERVICE Connecting EMC SERVICE via MALTA VESSEL VOY SIN PKG JEA BND BIK SIN PKG JED
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      Lock icon Page 24 Advertisements Column 2
      344 24 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) MUA SIN PKL KUC JKT SUR CORAL HERO 101 50 80 03/03 06/03 PACIFIC LOHAS 24 60 08/03 10/03 13/03 JUTTHA PATTHAMA 2 11/03 14/03 POSITIVE STAR 49 100 09/03 12/03 13/03 15/03
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      Lock icon Page 24 Advertisements Column 3
      416 24 SINOKOR MERCHANT MARINE CO. LTD FMX (W) FMX (E) Vessel Voy SIN BDN JEA KLF CSL MARIE 0002W 25/02 05/03 06/03 08/03 HJ GDYNIA 0008W 11/03 19/03 20/03 22/03 HJ KINGSTON 0012W 18/03 26/03 27/03 29/03 HJ DUESSELD 0003W 25/03 02/04 03/04 05/04 Vessel Voy SIN TAO KAN PUS SHA
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8878 25 Transaction date: Feb 24 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 17 16.5 17 1.7 10.6 5.5 81.4 10 2.5 5834 A-Sonic 7 unch 50
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      Lock icon SGX CATALIST
      1631 26 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer
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    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9357 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.19/ APS Alpha Fund (USD)!** 0.85/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.68/ Aberdeen Asset Mgt Asia Limited American Opp 0.6448/ Asian Credit Fund 1.2203/ Asian
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      Lock icon SGX ETF
      480 26 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 111 107 6389 ABF SG Bond ETF 110.4 108 112 504 846 427 CIMBAsean40 100US$ US803 +4 20 803 803 799 806 32.1 298
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      Lock icon CLOB INTERNATIONAL
      261 26 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 20 6000 AVJennings A46.5 -1.5 4 46.5 46.5 47 49.5 3.6 7.5 3.7 121.1 31 6 6017 Genting HK US$ US18.5 unch 656
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      365 27 In local curr In S$ In US$ dy yr dy yr dy yr Feb 23 Index Change Change Change Change Change Change World Index Preliminary 814.5 -0.9 -2.2 -0.7 -2.8 -0.9 -3.3 EAFE Preliminary 762.6 -0.7 -2.8 -0.5 -4.8 -0.7 -5.2 Europe Preliminary 1083.4 -1.1
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    • Article
      Lock icon INTERBANK RATES
      180 27 Feb 24 $S Offer Bid Overnight 1/16 par 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 0.10 US$ 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
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    • Article
      Lock icon US$/S$ FORWARD RATES
      24 27 Feb 24 S$ Bid Offer 1-month 1.4072 1.4086 2-months 1.4074 1.4089 3-months 1.4076 1.4090 6-months 1.4081 1.4096 Source: OCBC Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 27 Feb 24 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2470 1.2850 Can dollar 1.3290 1.3450 Euro 1.8960 1.9190 NZ dollar 0.9710 0.9920 Sterling pound 2.1670 2.1920 US dollar 1.4030 1.4200 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      29 27 Feb 24 Open High Sett STI Feb 2764 2764 2762 SIMSCI Feb 333.3 333.3 331.0 Taiwan Feb 273.2 274.6 270.9 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      76 27 Feb 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 10 2640 2600 2640 2600 620 2801 Apr 10 2630 2590 2639 2590 1862 ***** May 10 2624 2590 2636 2590 7177 ***** Jun 10 2616 2580
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      374 27 Feb 24 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar10 99.7225 0 6724 Jun10 99.6150 0 6793 Sep10 99.4150 0 3147 Dec10 99.1000 0 2497 EUROYEN TIBOR FUTURES Mar10 99.5700 99.5700 99.5650 99.5650 120 4819 Jun10 99.6000 99.6050 99.6000 99.6100 151 1775 Sep10 99.6150 125 2151
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    • Article
      Lock icon SICOM FUTURES
      196 27 Feb 24 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 10 328.0 327.5 327.5 23 645 Apr 10 328.5 325.0 328.5 40 521 May 10 328.5 646 Jun 10 329.0 324.5 329.0 50 830 Jul 10 325.0 324.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      90 27 Feb 24 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 27.05.2010 0.38 0.32 0.31 1-Year BY*****N 01.11.2010 0.39 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.29 104.32 104.30 5-Year N*****0N 1.375 01.10.2014 100.17
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      Lock icon CHICAGO BOT
      105 27 Feb 23 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 10 952.50 961.50 978.75 952.00 May 10 959.50 969.00 985.00 958.50 Jul 10 965.50 975.25 990.25 965.00 Aug 10 961.25 970.50 984.25 961.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 10 38.31 38.83 38.97
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 27 CRUDE OIL PRODUCTS Feb 23 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 77.52 -0.58 WTI (Near Mth) 78.71 -1.26 Dubai (1-Mth F) 76.82 -0.25 Tapis blend 81.35 0.45 Minas 80.05 -0.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 79.11 1.45 Jet Kerosene 86.30 0.45 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2422 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3 1 15 16 5.17 51 2036 Advance SCT Ltd W*****9 0.5 1 87 1844 9.00 6 Asia Water Tech W*****8 4 unch 87 1 2
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    • Article
      Lock icon INTERBANK CROSS RATES
      465 27 Feb 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.939 6.079 0.658 6.912 41.174 83.070 0.804 10.267 3.028 1.286 75.764 41.121 1.253 6.921 0.963 28.554 29.439 0.577 0.890 Canada 1.065 6.474
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    • Article
      Lock icon SIBOR
      85 27 Feb 24 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Feb 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2525 1.2542 0.8902 0.8905 Canadian dollar 1.3340 1.3356 0.9481 0.9483 Euro 1.9040 1.9066 1.3532 1.3537 NZ dollar 0.9734 0.9752 0.6918 0.6924 Sterling pound 2.1718 2.1749 1.5436 1.5442
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    • Article
      Lock icon PRECIOUS METALS
      139 27 Feb 24 GOLD (US$/oz) Feb 23 Feb 24 Hong Kong 1118.80 1102.90 Feb 22 Feb 23 London 1111.35 1103.40 1112.15 1104.20 Source: Thomson Reuters CAST BAR Feb 24 (S$) Selling Buying Kilobar "53,843.47" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 120.91 50 5gm 342.4 251 10gm 612.04
      139 words
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      Lock icon LONDON METALS
      71 27 Feb 23 Feb 23 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2091.75 2117.00 3 months 2126.00 2151.00 Copper, Grade A (US$/tonne) Cash 7102.00 7301.50 3 months 7132.00 7330.00 Lead (US$/tonne) Cash 2212.00 2302.75 3 months 2235.00 2325.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon LIFFE
      77 27 Feb 23 COCOA (£/tonne) Close Prev High/Low Mar 10 2177 2260 2272/2171 May 10 2185 2272 2285/2182 Jul 10 2173 2260 2271/2170 Sep 10 2151 2234 2234/2151 COFFEE (US$/tonne) Close Pev High/Low Mar 10 1226 unch 1250/1219 May 10 1264 1263 1290/1257 Jul 10 1300 1298 1318/1294 SUGAR (US
      77 words
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  • BizIT
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      Lock icon HP opens new S’pore research lab
      746 28  -  Fusionopolis facility will focus on future cloud computing technologies, reports TIMOTHY SEOW TIMOTHY SEOW US computer giant HP has opened a new advanced research lab in Singapore part of the company’s renowned HP Labs family with the aim of developing cut-ting-edge cloud computing technologies
      WOO FOOK LEONG/LIANHE ZAOBAO  -  746 words
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      Lock icon HCL bags big regional Electrolux deal
      604 28  -  By AMIT AMIT ROY CHOUDHURY INDIAN software major HCL Technologies, which has its Asia-Pacific headquarters in Singapore, has signed a major IT infrastructure management deal with Electrolux for the region. The deal will be managed out of Singapore and India. Under the agreement, HCL
      604 words
    • Article
      Lock icon A more exciting Media fest to draw the crowds
      396 28  -  By ONG BOON KIAT A HOMEGROWN e-book reader which taps content from Singapore’s public libraries and an educational software that superimposes the faces of its young readers onto cute animated cartoon characters. These are among the novelties members of the public
      396 words
    • Article
      Lock icon Handset market seen rebounding
      232 28 Reuters [HELSINKI] The cellphone market will rebound more strongly than expected this year as improving economies boost spending on new gadgets and handset vendors push cheap smartphones, research firm Gartner said on Tuesday. The market fell 1 per cent in 2009, the first de- cline in
      Reuters  -  232 words
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      274 28 J iilU i«J i iUtJ !U Si. 0101 **********10* n /za r jspn **********1 >**********010. froToioiiooioj,o A i Mi IT TRENDSCAPE insights into the changing world! The slowdown is behind us. 2009 was also a year of industry consolidation. New battle fronts are opening up. With growth back on the
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      50 28 setravellers.G^m ZD the ultimate travel resource SPH's all-new, one-stop, 24/7 travel resource website, "Live"from 12pm, Feb 25,2010 Stories pictures from annual Straits Times travel supplements (including all bumper NATAS issues), plus news on special campaigns, contests reader promotions in the local travel industry. Aik < TjgJkft V, :f:. -5sr >;
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  • PROPERTY
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      Lock icon Wyndham puts more eggs in hotel basket
      604 29 Segment will make up a third of group Ebitda in 5-10 years, from a fifth now Reuters [NEW YORK] Wyndham Worldwide Corp projects that its hotel unit will be a larger part of its business in the next five to 10 years, as
      Reuters; REUTERS  -  604 words
    • Article
      Lock icon Househunt PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 22 WITH CONTRACT DATES BETWEEN JAN 27 AND FEB 2, 2010
      990 29 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Clift Apt 29/01/2010 99 775 1199 1547 The Sail Marina Bay Apt
      990 words
    • Article
      Lock icon Lower gearing allows MRCB to acquire more land
      220 29 Bernama [KUALA LUMPUR] Malaysian Resources Corporation Bhd’s (MRCB) lower gearing provides more room for it to acquire new land bank for future growth, says Kenanga Research. “The successful rights issue, which raised RM514 million (S$212.7 million), lowered net gearing to 0.3 times
      Bernama  -  220 words
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      Lock icon US home prices rise in December
      800 30 Home-price index rose 0.3% from Nov ‘09, more than economists expected Bloomberg [WASHINGTON] Home prices in 20 US cities rose in December for a seventh consecutive month, indicating the industry at the heart of the worst recession since the 1930s is stabilising. The S&P/Case-Shiller
      Bloomberg; AFP  -  800 words
    • Article
      Lock icon US commercial mortgage defaults soar
      487 30 Bloomberg [SAN FRANCISCO] The default rate for commercial property mortgages held by US banks more than doubled in the fourth quarter and may reach a peak of 5.4 per cent at the end of next year, according to Real Capital Analytics Inc. The default rate
      Bloomberg  -  487 words
    • Article, Illustration
      Lock icon HK ups stamp duty on sales of luxury homes
      837 31 Move may drive speculators to target lower end of property market Bloomberg [HONG KONG] Hong Kong raised taxes on luxury homes for the first time in more than a decade, a move some analysts said may backfire by fuelling speculation in
      Bloomberg; AFP  -  837 words
    • Article, Illustration
      Lock icon Buzz in private housing sales continues
      1014 32  -  Weekend sales of about 45 units at Waterscape at Cavenagh and over a dozen units at L’VIV By KALPANA RASHIWALA THE buzz in private home sales appears to be continuing even after last Friday evening’s government announcement of new measures to cool the property
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      Lock icon Beijing scraps some home purchase incentives
      204 32 Bloomberg [BEIJING] Beijing will scrap some home purchase incentives after property prices surged, reducing the scope of the housing sales-tax exemption and enforcing the 40 per cent down payment requirement for second homes. Homes sold after being owned for five years will be exempt
      Bloomberg  -  204 words
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      194 29 H'lH IILHIV L* *r: 783 789 Wellington Street, West Perth, Western Australia 2,813sqm site with 2 street frontages Development Approval for 5,580sqm office building plans available Existing building of 1,612sqm (approx) may provide holding income High profile location, development potential established, improving office market. Grab the opportunity! www.jonesiangiasalle.com.au/*****73 Boundary indicative
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      301 30 For Sale By Tender 111 Bukit Timah Road Land Area 16,900 sf Freehold 3-Sty Mixed Landed Housing Walking distance to MRT Flexibility of Sub-divison Within 1 km of RGPS Closing Date: 9 March 2010 Enquiries Viewings Andy: 9222 4666 Mel: 9171 3367 ag_gan@yahoo.com.sg 5 III LAUNCHING SOON IN SENTOSA COVE
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      280 31 The ultimate lifestyle investment... The Hideaways Club As a Member you own an equity share in a growing collection of holiday homes and benefit from any future capital growth. You have exclusive use of up to 45 luxury villas in Europe, Mauritius, South Africa, Asia, USA, Caribbean and Mexico and
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      1 31 adv
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      383 31 16A CABLE ROAD SflfeP at V£j m LL fi ISi Enquiries and viewings, please contact: Evelyn Ng 9847 6899 > 19,000sqft Spacious Road •11,000sqft Living Space Sumptuous Interiors with Luxury Bathrooms > Private Pool and Pavilion Fully furnished with Designer's furniture •Car park spacious for 16 cars Designed by award-winning
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      293 32 sandy island by claudio silvestrin Life at the top is best defined by a dream. A dream of an island enclave, so rare and exclusive that it sets the pinnacle of refined living. Sandy Island is a rare collection of 18 unique villas. Each villa is a signature work of
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