The Business Times, 11 January 2011

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Microfilm: NL31017
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Tuesday, January 11,2011
    23 words
  • Article, Illustration
    Lock icon Govt hits the brakes on COE reductions
    624 1  -  Motorists, traders get a break as remaining adjustments will now be spread over 3 years By SAMUEL EE [SINGAPORE] The COE quota for the next six months will be cut by an unexpectedly small 3 per cent, thanks to a government concession regarding
    REUTERS  -  624 words
  • Article, Illustration
    Lock icon Portugal stokes fears, sending S$ soaring
    586 1  -  European debts back in focus; good odds for more MAS tightening this year By EMILYN YAP [SINGAPORE] The Singapore dollar hit a year-high against the euro yesterday as markets grew increasingly anxious over the ability of some European nations to raise funds this week.
    Source: Bloomberg  -  586 words
  • Article
    Lock icon MARKETS DIGEST
    140 1 HST INDEX 3,229.27 (-32.08) HST INDEX FUTURES 3,229 (-32) HSIMSCI 381.90 (-4.16) HSIMSCI FUTURES 381.50 (-4.80) FOREX US$ S$ US$ (S$ per US$) 1.300 (US$/S$ per 1.554 2.020 EURO (US$/S$/E) 1.290 1.677 Foreign currency per US$ S$ YEN 83.10 64.00 RM 3.076 2.366 HK$ 7.775 5.983 BAHT 30.72
    140 words
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  • TOP STORIES
    • Article
      Lock icon Suzhou IPO could weigh in at 4.5b yuan
      578 2  -  CSSD looking to fast track process, aiming for a listing this year or next By LYNETTE KHOO [SINGAPORE] The company managing Suzhou Industrial Park (SIP) could be slated for an initial public offering (IPO) of at least 4.5 billion yuan ($883.3 million),
      578 words
    • Article, Illustration
      Lock icon Two office blocks change hands for $225m
      793 2  -  Credit Suisse fund sells 112 Robinson Rd; CDL selling The Corporate Building By KALPANA RASHIWALA [SINGAPORE] The buzz in the office investment sales market continues, with two freehold office blocks, 112 Robinson Road and the nearby The Corporate Building, being transacted at $168
      793 words
    • Article
      Lock icon Doc blames patient for nose job botch-up
      722 2  -  By MICHELLE QUAH [SINGAPORE] The aesthetics doctor accused of botching a patient’s nose job has laid the blame squarely at his patient’s feet; Amal Dass says the damage suffered by make-up artist Sng Hock Guan was the result of the numerous procedures Mr
      722 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      437 2 Govt hits the brakes on COE reductions THE COE quota for the next six months will be cut by an unexpectedly small 3 per cent, thanks to a government concession regarding the overprojection of COEs in earlier years. The Land Transport Authority announcement yesterday means that from February
      437 words
    • Article
      Lock icon Banks' move to increase fixed pay for staff worrying
      796 4  -  That will be a step backward: Standard Chartered Asia CEO By CONRAD TAN [SINGAPORE] Moves by banks to boost fixed salaries for staff are a bigger concern than the renewed competition for talent, Standard Chartered Bank Asia chief executive Jaspal Bindra
      796 words
    • Article, Illustration
      Lock icon Honoured for building bridges with China
      489 4  -  Business China Awards recipients contributed to warming relations By LYNETTE KHOO [SINGAPORE] Property baron Tao Shing Pee, singer Stefanie Sun and ChinaSingapore Suzhou Industrial Park Development Group Co Ltd (CSSD). Three seemingly disparate Singapore elements, but each has con- tributed in some way to
      ARTHUR LEE  -  489 words
    • Article
      Lock icon Court slams former BP staff over misleading statement
      846 4  -  BP also rebuked for seizing computers of defendants’ families By GRACE LEONG [SINGAPORE] The Singapore High Court has ticked off six former BP employees embroiled in a lawsuit with the oil giant for issuing a misleading statement. Two months ago the six
      846 words
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      Lock icon Page 2 Advertisements Column 1
      527 2 KPMG Seminar Series KPMG Seminar Seriestructured Products Structured Products Date 15 16 February 2011 Time 9.00am to 5.00pm Venue Orchard Hotel Singapore Seminar Fees Client S$918 per participant KPMG Alumni S$918 per participant Non-client S$1048 per participant Group discounts are available for multiple sign-ups from the same organisation: Enjoy 5%
      527 words
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      460 3 iU Lm i R 11 HSBC's renminbi time deposit. Now you can access renminbi from Singapore's shores. Renminbi, the currency of one of the world's fastest growing economies, is now more within your reach than ever-with HSBC's renminbi time deposit. Having established our presence in China for over 145 years,
      460 words
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      474 4 BUSINESS FORUM 2011 24 February 2011 Raffles City Convention Centre Prosper with People, Productivity and Planet Early Bird Fees Contact Person 9.00am 5.30pm (Registration begins at 8.00am) $145 nett (SiTF Member) $185 nett (SiTF Non-Member) Ms. Jane Sy T: +65 6325 9710 info@sitf.org.sg ICT Business Forum 2011 Agenda MORNING Welcome
      474 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Trading of govt bonds on SGX for retail investors by mid-year
      663 5  -  A safe and higher-yielding alternative to bank deposits SINGAPORE BOND MARKET Reports by SIOW LI SEN BY mid-year, retail investors should be able to trade in Singapore government bonds an eagerly awaited development for riskaverse savers. Yesterday in Parliament,
      663 words
    • Article
      Lock icon Great Eastern launches $1b note programme
      439 5 GREAT Eastern Holdings (GEH) yesterday launched a $1 billion bond programme its first such debt programme and said to be rare for insurance companies in the region, prompting speculation of possible acquisition activity. Under the multicurrency medium-term note programme, GEH and wholly owned The
      439 words
    • Article
      Lock icon SingTel's VC fund makes its maiden investment
      187 5 SINGAPORE Telecommunications has made 2359 Media, a company which specialises in mobile advertising, the first target for its venture fund. SingTel yesterday announced that its wholly owned subsidiary, SingTel Innov8, has invested $800,000 for a 28.57 per cent stake in the young start-up.
      187 words
    • Article
      Lock icon Mapletree Commercial Trust gearing up for $1b IPO?
      178 5 Bloomberg MAPLETREE Commercial Trust, the owner of properties including VivoCity, hired banks for a $1 billion initial share sale this quarter, said a person with knowledge of the matter. The trust, a unit of Mapletree Investments Pte, hired CIMB Group Holdings Bhd,
      Bloomberg  -  178 words
    • Article, Illustration
      Lock icon 2010 a roaring good year for Tiger Airways
      367 6  -  The improvement was due to a sharp recovery in regional air traffic By VEN SREENIVASAN TIGER Airways roared through 2010 with record passenger numbers and load factors, thanks to a sharp recovery in regional air traffic. Some 5.8 million passengers flew the
      BLOOMBERG  -  367 words
    • Article
      Lock icon Man Investments (Singapore) Pte Ltd
      18 6 ISIN-CODE NAME NAV DATE LU********** Man AHL Trend SGD Share SGD 102.80 03.01.11
      18 words
    • Article
      Lock icon Stamford Land back on investors' radar screens
      736 6  -  HOCK LOCK SIEW By VEN SREENIVASAN THE local market can be a tough proposition for companies with businesses, assets and earnings located largely offshore. This can be so even if they are Singaporeowned. The result can be depressed valuations, thin share trading volumes
      736 words
    • COMPANY BRIEFS
      • Article
        Lock icon WBL's US unit reports record sales in Q1
        153 6 WBL Corporation can expect a boost from its US subsidiary Multi-Fineline Electronix (MFlex) in the form of record sales for the unit’s fiscal first quarter ended Dec 31, 2010 and an upbeat Q2. In its preliminary results released yesterday, MFlex said it
        153 words
      • Article
        Lock icon Technics Oil posts 62% jump in Q1 earnings
        111 6 TECHNICS Oil and Gas has reported a 62 per cent jump in its net profit to $3.21 million for the first quarter ended Dec 31, from $1.98 million a year earlier. This was despite a 14 per cent fall in revenue for
        111 words
      • Article
        Lock icon EnGro chairman disputes shareholding statement
        107 6 CEMENT maker EnGro Corporation said yesterday that Tan Cheng Gay, its chairman and CEO as well as sibling to non-executive director Tan Choo Suan, has lodged an objection to the substantial shareholdings notifications announced on Dec 30, 2010. It involved a deemed interest of 50.78
        107 words
    • Article, Illustration
      Lock icon Consciencefood to start producing beverages
      513 7  -  It will begin production at its Medan noodle factory in the fourth quarter of this year By LINETTE LIM CONSCIENCEFOOD has unveiled plans to start producing beverage products in the fourth quarter of this year. The beverage processing plant is sited at its Medan noodle
      513 words
    • Article
      Lock icon S-chips set to shine in 2011: DMG report
      438 7  -  By JOYCE HOOI EVEN as the Year of the Rabbit beckons, it is the dragon that is expected to blaze a trail on the Singapore Exchange, this year. S-chips or Chinese companies listed on the Singapore Exchange are set to bring investors
      438 words
    • Article
      Lock icon Swing Media in $12m share placement
      272 7 HONG KONG-BASED Swing Media Technology Group plans to raise close to $12 million by placing out 290 million new ordinary shares to a group of investors. It plans to place out the shares at a price of $0.0409 per share, which will enable it
      272 words
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      1189 6 GOODLAND GROUP LIMITED (Incorporated in the Republic of Singapore) (Registration No: *****5522N) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of the shareholders of Goodland Group Limited (the “Company”) will be held at Seletar Country Club, 101 Seletar Club Road, Seletar Room, Level
      1,189 words
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      Lock icon Page 6 Advertisements Column 2
      336 6 Tender Notice Sale of JTC Industrial Portfolio in Tai Seng, Kolam Ayer, Kallang Basin, Bedok and Kampong Ubi JTC Corporation invites all interested bidders to submit their business proposals and bid for two tranches of properties under the second phase of JTC’s divestment exercise. Parties who are shortlisted in this
      336 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Weak start to second week of 2011
      610 8  -  ST Index finishes 32 points down after Hong Kong reverses early gain and Europe opens lower STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) last week shot up 71 points so it would perhaps be too much to expect similar gains
      Source: Bloomberg  -  610 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 8 Jan 10 VALUE CLOSE BT OB/OS 800.00-139.00 BT CADI -*****.00 -88.00 BT 10-day MA -*****.00 +80.00 FTSE ST Mid Cap 820.34 -3.29 FTSE ST Small Cap 617.93 -3.82 FTSE ST All Share 803.74 -7.04 FTSE ST China Top 302.55 -3.57 FTSE ST China 331.01 -3.06 FTSE ST
      65 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 10 3 0 0 0 5 10 3 Manufacturing 39 86 79 6 3 14 45 89 93 Commerce 16 23 28 0 7 5 16 30 33 Tpt/Stor/Comms 10 23 12
      186 words
    • BROKERS' TAKE
      • Article, Illustration
        Lock icon Noble Group
        285 8 Jan 10 close: S$2.25 Kim Eng Research, Jan 10 RECENT developments have been positive for Noble Group, raising the likelihood of upside earnings surprise in 2011. We reiterate our “buy” call, noting that the stock has already outperformed the Straits Times Index by 10 per cent in the
        Source: Bloomberg  -  285 words
      • Article
        Lock icon Marco Polo Marine
        322 8 Jan 10 close: S$0.45 DMG Research, Jan 10 MARCO Polo Marine (MPM) has signed a memorandum of agreement to purchase a utility vessel for a total cash consideration of US$4.87 million. The utility vessel is known as SMS Spectrum, and is a 40-metre Panamanian-flagged vessel built in
        322 words
      • Article
        Lock icon Bukit Sembawang Estates
        164 8  -  Jan 10 close: S$4.86 CIMB Research, Jan 10 Compiled by JOYCE HOOI HIGHER landed property prices, improved sales at Paterson Suites and an official launch of The Vermont have prompted us to raise our average selling price (ASP) assumptions. We adjust our FY2011-2013 EPS estimates by +39
        164 words
      • Article
        Lock icon Glossary:
        134 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first, second, or third quarter
        134 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 61,805 61,805 95,558 95,558 Manufacturing 684,383 47,691 732,074 412,217 2,640 414,857 Commerce 150,756 121,053 271,809 171,123 7,995 179,118 Tpt/Stor/Comms 97,031 3,502 100,533 166,078 811 166,889 Finance 37,171 37,171 252,627 252,627 Construction 42,820 13,133 55,953 13,981
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change CapMallsAsia 1.890 CapitaLand 3.820 -0.060 CapitaMall 1.960 -0.030 CityDev 12.660 -0.080 ComfortDelGro 1.630 +0.040 DBS Grp 14.720 -0.180 F&N 6.390 -0.120 Genting SP 2.170 -0.050 Golden Agri 0.775 -0.025 HK Land 7.150 -0.090 JMH 45.100 +0.100 JSH 27.540 -0.120 Jardine C&C 35.200
      112 words
    • Article, Illustration
      Lock icon Euro hits four-month low against dollar
      480 8 CURRENCIES Reuters [LONDON] The euro fell to a fourmonth low against the dollar yesterday as worries about Europe’s debt crisis mounted, after a source said Portugal was under growing pressure to accept EU/IMF aid. A senior eurozone source told Reuters on Sunday that pressure
      Reuters; AFP  -  480 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 8 VOLUME Golden Agri 105,190,000 MDR 77,458,000 ChinaGaoxian 74,961,000 Genting SP 72,018,000 Transcu Grp 62,200,000 Contel 60,897,000 Vallianz R 52,388,000 China Hongxing 41,022,000 SunVic 37,967,000 Gallant 36,564,000 VALUE($) Genting SP 157,729,140 DBS Grp 89,732,273 Wilmar 84,774,660 Golden Agri 82,409,165 Noble Grp 70,519,110 UOB 59,669,679 Keppel Corp 48,494,560 SGX
      57 words
    • Article
      Lock icon RISES
      108 8 BY CENTS CLOSE UP DBXT USDIGInfl 5US$ ***** 517.0 1.7 GLD 10US$ ***** 131.2 0.8 DBXT MSMSIA 10US$ 1318 103.9 6.5 STXPO 100 1330 30.0 2.3 OCBC Bk 4.5%NCPS 100 ***** 20.0 0.2 SIA.ES.1101 1532 14.0 0.9 DBXT MSTaiwan 10US$ 1972 13.0 0.5 JMH 4510 13.0 0.2 UOB 5.05%NCPS
      108 words
    • Article
      Lock icon FALLS
      123 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-363.7 -2.1 Lyxor MS India 10US$ 1695-175.4 -7.4 IS S&P500 *****-127.3 -0.8 DBXT MSKorea 10US$ 5963-119.5 -1.5 DBXT MSTHAI 10US$ 1536-110.4 -5.2 Jardine C&C 3520-106.0 -2.9 DBXT MSINDO 10us$ 1274 -81.8 -4.7 Lyxor India Nifty 10 1665 -73.0 -4.2 Lyxor China H
      123 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Firms divided over efficacy of minimum wage: poll
      499 9  -  34% of respondents see benefits while 41% are unsure of impact By LYNN KAN COMPANIES are split down the middle on whether a minimum wage will help low-wage workers. Some 41 per cent of 151 surveyed are unsure of the effects of
      499 words
    • Article
      Lock icon More S'poreans are shopping online: survey
      314 9  -  By LINETTE LIM MORE Singaporeans are now shopping online, up 10 per cent to 64 per cent from two years ago, according to a survey. This placed Singapore in eighth position on the 2010 MasterCard Index on Online Shopping, which covered 8,500 respondents across
      314 words
    • Article
      Lock icon Your MOH Budget views
      136 9 THE Ministry of Health (MOH) is asking for feedback over the next three weeks from the public as to what its Budget should focus on this year. In a blog post yesterday, Minister of Health Khaw Boon Wan wrote: “It is time again to finalise the
      136 words
    • Article
      Lock icon Fiscal surplus expected to plug income gap
      371 9  -  By TEH SHI NING WHILE boosting investment and productivity growth will remain key, the large budget surplus this year will likely fund measures to address inflation and the widening income gap too. Budget 2011 in February will likely be a “generous pre-election budget
      371 words
    • Article
      Lock icon Iswaran warns of overheating
      459 10  -  Tharman sees inflation rate rising further in Q1 before moderating YESTERDAY IN PARLIAMENT All reports by CHUANG PECK MING THOUGH economic growth is tipped to ease to 4-6 per cent this year, Singapore has to be on guard against overheating and inflation, said Senior Minister of
      459 words
    • Article
      Lock icon Exam to allow foreign lawyers to practise here
      315 10 To be conducted by new institute, also proposed in bill ANOTHER door will open for more foreign lawyers to practise in Singapore, if a bill introduced yesterday in Parliament is passed. The Legal Profession (Amendment) Bill proposes, among various things, a new
      315 words
    • Article
      Lock icon S'pore women not ready to maintain ex-spouses
      337 10 SINGAPORE is still not ready at least for now for a woman to make maintenance payment to a man after they have split, Minister for Community Development, Youth and Sports Vivian Balakrishnan said yesterday in a remark that is likely to fan the
      337 words
    • Article
      Lock icon New law to regulate allied health professionals
      418 10 THE move in 2007 to regulate eye-care practitioners has produced positive results optometrists and opticians are now more competent in providing safe and effective eye-care services, according to Health Minister Khaw Boon Wan. Parliament yesterday gave the green light to replicate that success
      418 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      98 9 Business For Sale Digital Media ICT Industry SGD $950,000 This is a highly profitable Singapore-based company with existing users in banking, retail, hospitality, transport, etc. It's world class solution is also being sold through partners and resellers in the untapped ASEAN region which is poised for massive growth. You will
      98 words
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      Lock icon Page 9 Advertisements Column 2
      514 9 m HERE'S YOUR OPPORTUNITY TO RIDE ON CHINA'S 12 th FIVE-YEAR PLAN China's five-year plan is an important document which sets out the economic and social targets for the country over a period of five years. With the implementation of each five-year plan, the different set of sectors that China
      514 words
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      73 10 A member of psb I Anarlpr A W Academy Congratulations Graduation Ceremony n January son Pan Pacific Singapore "£2sr^ About The University of Nottingham World Top 100 MBA (The Economist 2009) World Top 100 University (Shanghai Jiao Tong University Graduate School of Education 2009) Nottingham University Business School is accredited
      73 words
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      233 11 m JJ r% iiL- ra i—^ AfSU EADS C®rsiEWrSJY 9 IE 0 D M Eirnn Enur nmrmatHTra .Il«" 31 «RW «S^ £11 r a r\i| H -V flHMP:': Eurocopter South East Asia is a subsidiary of Eurocopter Group the world's leading helicopter manufacturer. Located in Singapore's most advanced aviation hub
      233 words
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  • SME Inc
    • Article, Illustration
      Lock icon Towering growth in a short time
      990 12  -  Stolz enjoys 35% share of industrial sector and 20% market share in commercial sector, says LINETTE LIM AT 35, Mark Tan pipped competitors decades older to win the Rotary-ASME’s Entrepreneur of the Year Award in 2010. His heating, ventilating and air conditioning (HVAC) company
      YEN MENG JIIN  -  990 words
    • Article, Illustration
      Lock icon Young but tough survivor
      782 12  -  Rotating Offshore has weathered the financial crisis well By LYNN KAN IN a nutshell, Rotating Offshore Solutions’ trade is in its name. It’s a supplier of rotating parts to the offshore industry and to power plants that was set up just a mere three years ago.
      ARTHUR LIM  -  782 words
    • Article, Illustration
      Lock icon Coming out of the woodwork
      495 12  -  By MINT KANG WHAT is a brand? Not just a name and a logo, says Jamie Lim, regional marketing director of furniture brand Scanteak. “When you deliver a brand that is of good quality, it not just looks good and feels good, but offers certain
      YEN MENG JIIN  -  495 words
    • Article
      Lock icon A to Z of a family business
      1422 13  -  The dynamics of this form of business institution need sensitive handling and understanding to ensure its longevity COMMENTARY By ROGER LOO NG BAO CHERN Roger Loo is director, Marketing Business Advisory Group, and Ng Bao Chern is consultant at BDO Consultant Pte Ltd
      1,422 words
    • Article, Illustration
      Lock icon Training and retaining talent is key
      2131 14 THIS WEEK’S TOPIC By and large, it has been a good 2010 the economy rebounded, and many SMEs were expanding and sending their workers for training. Is this a trend that will continue into 2011 for SMEs? What are some of the key concerns
      WORKFORCE DEVELOPMENT AGENCY  -  2,131 words
    • Article
      Lock icon Free yourself from administrative details
      1133 15 ASK THE PROF Q: My small business is doing quite well now but I find that I am spending a lot of time on administrative work rather than on the business and thinking of new products etc. What is some of the help I can
      1,133 words
    • Article
      Lock icon Portfolio manages to hold on to some gains
      443 15  -  By TEH HOOI LING OUR small cap portfolio managed to keep some of its gains despite market weakness in the last two trading sessions. Our portfolio edged up 0.75 per cent, beating the blue chip Straits Times Index, the FTSE Mid-Cap Index
      443 words
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      137 13 Amlnvestment Bank voted Best at the Asiamoney Brokers Poll 2010 Amlnvestment Bank was voted No.1 twice in the prestigious Asiamoney Brokers Poll 2010. This is proof of our results-driven approach to maximising gains for our clients through insightful solutions. ASIAMONEY POLLS 2010 Source: asiamoney.com MALAYSIA NO. 1 BEST RESEARCH COVERAGE
      137 words
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      771 14 WATS NOTICES BUY IT-SELL IT-FIND IT H AMPLEFIELD LIMITED (Incorporated in the Republic of Singapore Company Registration No. *****0188N NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that an Annual General Meeting of Amplefield Limited ("the Company") will be held at Swissotel Merchant Court Singapore, Merchant Court Ballroom, Section
      771 words
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      Lock icon Page 14 Advertisements Column 2
      90 14 Voices Next week’s topic: “With slightly more than a month to go before the Singapore Budget is likely to be revealed, what would you put on your Budget wishlist for 2011?” If you are an SME owner or leader, we would like you to share your views on this topic.
      90 words
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      16 15 Looking for alternative financial plan? We can offer you the personal solution. 1 fi% rrrfrsr^rf 'V\
      16 words
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      Lock icon Page 15 Advertisements Column 2
      78 15 m MARKETS get thinking FX/CFD trading Trade Singapore share CFDs with 0.15% commission SiMSCi CflCf SP-,5.54 D® 13.80 CEN5 1.35 nobo 2.C STEU 1? Guaranteed market price for all share CFDs Award-winning online platform with DMA No GST, no exchange fees, no clearing fees Find all you need to get
      78 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Pundits predict US economic decline; China rise
      715 16 American dominance coming to an end; yuan will be world’s reserve currency Reuters [DENVER] To hear a number of prominent economists tell it, it does not look good for the US economy, not this year, not in 10 years. Leading thinkers in the
      Reuters; XINHUA  -  715 words
    • Article
      Lock icon Wall Street banks dump Treasuries
      560 16 Dec 29 tally drops to US$2.34b from Nov 24’s US$81.3b Bloomberg [NEW YORK] Wall Street banks are cutting their holdings of Treasuries at the fastest pace since 2004 as the world’s biggest bond firms bet that the economy will strengthen and demand for higher-yielding assets
      Bloomberg  -  560 words
    • Article
      Lock icon Aussie retail sales post modest rise of 0.3% in Nov
      467 16 Reuters [SYDNEY] Australian retail sales rose a moderate 0.3 per cent in November to partly recover some of October’s sharp drop thanks to gains from household goods to clothing to restaurants, though the overall picture remains one of a cautious
      Reuters  -  467 words
    • Article
      Lock icon Greenback expected to fare the best this year
      469 16 It will strengthen against euro, yen and pound: survey Bloomberg [NEW YORK] The world’s most accurate foreign exchange forecasters say the dollar will be the best currency to own this year as the Federal Reserve’s bond purchases bolster the US economy instead
      Bloomberg  -  469 words
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      1688 16 BEATS NOTICES PNE PNE INDUSTRIES LTD Company Registration no. *****5792R (Incorporated in the Republic of Singapore) Registered Office: 996 Bendemeer Road, #07-06, Kallang Basin Industrial Estate, Singapore *****4 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eleventh Annual General Meeting of the Company will be held at
      1,688 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon M'sia output growth in November hits 5.1 %
      470 17  - M'sia output growth in November hits 5.1 Jump from October’s 3% reflects recent improvement in export growth By S JAYASANKARAN in Kuala Lumpur MALAYSIA’S economy may not slow quite as drastically as anticipated given the fairly decent industrial output numbers that were released last week. Output growth recovered, running at
      470 words
    • Article
      Lock icon Ekovest making waves with fast, steep climb
      569 17  -  Landing Tanjong’s gaming ops will be a significant game changer for the firm By PAULINE NG in Kuala Lumpur MANY stock-market players expect a super rally this year, but one company is already running ahead of the bulls. Although noticeable gains have been
      569 words
    • Article
      Lock icon M'sia palm oil stocks drop less than forecast in Dec
      382 17 Heavy rains cause 15.5% fall in output, affect yield quality Reuters [KUALA LUMPUR] Malaysia’s palm oil stocks fell by a less-than-expected 1.3 per cent to a five-month low in December, as a sharp fall in exports was outpaced by a
      Reuters  -  382 words
    • Article
      Lock icon RIM to set up Internet porn filters in Indonesia
      270 17 Bloomberg [JAKARTA] Research In Motion Ltd said it’s working to set up Internet filters for Blackberry services in Indonesia to comply with government demands. The company will put in place a solution “as soon as possible” and is in discussions with
      Bloomberg  -  270 words
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      171 17 SHIFT_the way you move NISSAN NISSAN IS SINGAPORE'S SELLING COMMERCIAL VEHICLE BRAND URVAN CABSTAR CABSTAR 1 i !9I NVZOO NV200 V" r S t Thank You For Driving Us To The Top! With trusted Japanese craftsmanship, lasting quality and acclaimed after-sales service, Nissan's commercial vehicles endeavour to offer greater value
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  • GREATER CHINA
    • Article
      Lock icon Trade surplus narrows in 2010
      659 18 But foreign exchange reserves seen to increase 4% to US$2.76t in Q4 Reuters Bloomberg [BEIJING] China’s global trade surplus narrowed in 2010 for the second straight year, giving Beijing grounds to rebuff US pressure for faster currency appreciation ahead of a visit to Washington next
      Reuters; Bloomberg  -  659 words
    • Article
      Lock icon Private equity market rebounds amid IPO boom in 2010
      356 18 Reuters [SHANGHAI] China’s private equity market rebounded last year with the number of funds launched and deals both rising to record levels as an initial public offering (IPO) boom lured investors into an industry once hit by the global financial crisis,
      Reuters  -  356 words
    • Article, Illustration
      Lock icon Car sales up in December as growth slows
      415 18 AP [BEIJING] China’s car sales rose by double digits in December as buyers rushed to take advantage of expiring tax breaks but growth weakened after a stimulusdriven surge early in the year, two industry groups reported yesterday. Global carmakers are looking to
      AP; AFP  -  415 words
    • Article
      Lock icon Shaolin Temple spreading its wings overseas
      256 18 AFP [BEIJING] China’s famed Shaolin Temple has set up over 40 companies overseas as it hopes to spread Buddhist-inspired martial arts around the globe, state press reported yesterday. But the announcement of a vast business plan to send the temple’s famed warrior monks abroad
      AFP  -  256 words
    • Article
      Lock icon Copper imports fall on lower domestic prices
      382 18 Bloomberg [SHANGHAI] Copper imports by China, the world’s largest consumer, declined in December, as lower domestic prices deterred purchasing. Shipments of copper and products fell 2 per cent to 344,558 metric tons last month from 351,597 tons in November, the General Administration of
      Bloomberg  -  382 words
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      930 18 KAT^ Jt NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF LATASHA PTE. LTD. (Company No *****4388Z) (In Creditors' Voluntary Liquidation) TAKE NOTICE that a meeting of the creditors in the above-named company will, in pursuance of Section 296 of the above Act, be
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      430 18 Sharpen your leadership skills i th sk As today's world is fraught with myriad new challenges, company stalwarts must possess pertinent leadership and managerial skills in order to develop high-performance teams and steer the company towards achieving its goals. If you aspire to be an even more effective and inspiring
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  • INDIA
    • Article, Illustration
      Lock icon Searching for the legacy of New Delhi Games
      626 19 Three months later the new expensive facilities remain shut mired in red tape AFP [NEW DELHI] Three months ago, the Commonwealth Games in New Delhi closed on a triumphant note with many Indians boasting that the event had proven pessimists wrong. Organisers
      AFP; REUTERS  -  626 words
    • Article
      Lock icon Alleged militant ties hurting opposition
      510 19 Reuters [NEW DELHI] A growing scandal over Hindu militants linked to bombings in India has highlighted how the ruling Congress party and the main opposition are increasingly exchanging bitter barbs ahead of key state elections this year. Congress, stung by graft allegations and food inflation
      Reuters  -  510 words
    • Article
      Lock icon iGate acquires Patni in US$1.2b deal
      262 19 AFP [MUMBAI] US-based iGate and a private equity firm announced a US$1.2 billion deal yesterday to buy one of India’s oldest software firms Patni Computer in a major move into the outsourcing sector. The consortium of Pittsburgbased iGate and British private equity firm Apax
      AFP  -  262 words
    • Article
      Lock icon GST rollout delayed till April 2012: paper
      162 19 Reuters [NEW DELHI] India’s proposed new goods and service tax (GST) will not be rolled out before April 2012, two years after its slated implementation date, due to continued parliamentary disruption, the Business Standard reported yesterday. The planned nationwide indirect tax code to
      Reuters  -  162 words
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      138 19 WATS 3 NOTICES LOST STOCK AND SHARE CERTIFICATES The following stock and share certificates have been reported lost, mislaid or destroyed by the registered stockholder and shareholder Name of Company MCL LAND LIMITED (Incorporated in Singapore) (Company Registration No. *****0074K) Name of stockholder Lee Kim Ket Lee Kim Ket Certificate
      138 words
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      106 19 To All Clients and Associates of PHEIM Asset Management (Asia) Pte Ltd XL As we commemorate our 16th anniversary on the auspicious date today, we would like to take the opportunity to express our sincere appreciation with a big With your invaluable and continued support, PHEIM's combined funds under management
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  • WORLD
    • Article, Illustration
      Lock icon US and China move to mend military ties
      731 20 But Beijing warns of cutting ties again if there’re future arms sales to Taiwan AP Reuters [BEIJING] The US and Chinese defence chiefs took a step yesterday towards mending frayed relations between their powerful militaries, though China warned ties could be cut
      AP; Reuters; BLOOMBERG  -  731 words
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      Lock icon Belgium King asks caretaker govt to draw up 2011 budget
      498 20 AFP Reuters [BRUSSELS] The King of Belgium has asked the country’s caretaker government to come up with a budget for 2011 amid market worries that 200 days of political deadlock following indecisive elections is hurting Belgium’s ability to cut its
      AFP; Reuters; REUTERS  -  498 words
    • Article
      Lock icon Concerns over Portugal weigh on market
      656 20 EUROZONE DEBT WOES Reuters AP AFP [LONDON] Europe’s debt crisis returned to the fore of investor concerns yesterday amid reports Portugal is facing mounting pressure to accept an aid package to prevent contagion to other countries. Stocks in Europe have fallen sharply as Portugal’s
      Reuters; AP; AFP  -  656 words
    • Article
      Lock icon German study proposes mandatory debt brake
      138 20 Bloomberg [LONDON] German Economy Minister Rainer Bruederle welcomed the findings of a study into the European debt crisis which recommended introducing a “brake” on debt in all euro-area countries to avoid excessive budget deficits. The German economy ministry’s scientific advisory council recommended a mandatory
      Bloomberg  -  138 words
    • Article, Illustration
      Lock icon Markets yet to digest impact of new banking rules
      494 20  -  Regulatory changes have raised fixed costs: UBS banker By CONRAD TAN [SINGAPORE] Markets have not yet fully factored in the impact of regulatory changes on the banking industry, a senior UBS banker said yesterday. Rules requiring banks to set aside more
      494 words
    • Article
      Lock icon Floods hit Brisbane, threaten tourism
      719 21 Disaster won’t delay budget surplus, says PM; JP Morgan cuts growth forecast Reuters [SYDNEY] Residents in Australia’s third largest city, Brisbane, sandbagged their homes against rising waters yesterday as torrential rain worsened floods that have paralysed the coal industry in the north-east and now threaten
      Reuters  -  719 words
    • Article, Illustration
      Lock icon China drives Korea to forge ties with Japan
      630 21 Bloomberg [SEOUL] China’s military buildup and failure to condemn North Korean aggression are helping Japan and South Korea overcome their economic rivalry and a decades-long legacy of distrust to pursue closer military ties. Japanese Defence Minister Toshimi Kitazawa and his South Korean
      Bloomberg; AP  -  630 words
    • Article, Illustration
      Lock icon Few friends on Facebook in Japan
      601 21 NYT [TOKYO] Mark Zuckerberg. Who? The 26-year-old Facebook founder and chief executive may be the man of the moment in the US and much of the rest of the online world. But, here in Japan, one of the globe’s most wired nations, few people
      NYT; AP  -  601 words
    • Article
      Lock icon Sino-US drywall dispute may strain trade ties further
      503 21 US fails to persuade Chinese makers to redress homeowners Reuters [BEIJING] The top US product safety official said yesterday that the agency has failed to persuade Chinese makers of defective drywall to compensate American homeowners, in a dispute that threatens to mar
      Reuters  -  503 words
    • Article, Illustration
      Lock icon 3,000 German farms hit by dioxin scare to reopen
      637 22 Berlin vows to act tough as Denmark fears firm imported tainted animal feed AFP [BERLIN] About 3,000 German farms have been given the green light to reopen as the government vowed to toughen up on a dioxin poisoning scare that sparked
      AFP; AP  -  637 words
    • Article
      Lock icon European telcos' mobile revenue growth may slow
      247 22 Reuters [BANGALORE] European telecom operators’ mobile revenue growth may slow in 2011, hurt by the cut in call-connection fees and smartphone cannibalisation of voice and messaging, Credit Suisse said. In November, Germany’s Federal Network Agency said that European telecom operators can only charge
      Reuters  -  247 words
    • Article, Illustration
      Lock icon Commerzbank sees operating profit in Q4
      472 22 Reuters [FRANKFURT] Germany’s second-biggest lender Commerzbank swept aside fears that it might record an operating loss for the fourth quarter, telling Reuters yesterday that it would record a profit for the period. “As of today, I have indications that the group’s fourth quarter operating
      Reuters  -  472 words
    • Article, Illustration
      Lock icon Investors vent fury as Dhaka market dives
      536 22 AFP [DHAKA] Police fired tear gas and baton-charged thousands of investors in the Bangladeshi capital of Dhaka yesterday as crowds vented their fury after the stock market tumbled 9 per cent in an hour. Trading on the Dhaka Stock Exchange was halted when
      AFP; REUTERS  -  536 words
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      566 21 AUSWIN HOLDINGS LIMITED (Company Registration No. *****0189D) (Incorporated in the Republic of Singapore) (the “Company”) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 30 Toh Guan Road, #07-01 ODC Districentre, Singapore *****0 on 2 February 2011 at
      566 words
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  • Business China Awards
    • Article, Illustration
      Lock icon Win-win ties
      406 23  -  By Lynette Khoo sia’s largest economy has stamped its mark on the world stage with its manufacturing prowess but its future success now hinges on its ability to develop in a balanced and sustainable manner. To get there, the region’s smallest nation could offer some valuable tips. After
      406 words
    • Article, Illustration
      Lock icon Business mind, philanthropic heart
      1022 24  -  Entrepreneur SP Tao heads a successful property business but devotes much energy to charitable causes, reports LYNETTE KHOO reports LYNETTE KHOO WHAT started off as a labour of love for his native land has grown into a successful property business for Shing Kwan Group’s founder Tao
      TAO SHING PEE  -  1,022 words
    • Article, Illustration
      Lock icon S'pore pop export Stefanie wins young achiever award
      848 24  -  By LYNETTE KHOO TOUTED as Singapore’s top pop export, Stefanie Sun Yanzi has brought Singapore’s music culture to millions of people in the Greater China region, paving the way for other local artistes. Highly successful in her music career, she has released
      MAKE MUSIC  -  848 words
    • Article, Illustration
      Lock icon Suzhou Ind'l Park – a model project
      997 26  - Suzhou Ind'l Park a model project After overcoming initial challenges, SIP has become a successful model for joint cooperation for the rest of China, reports LYNETTE KHOO FAR surpassing previous plans and expectations. That was the assessment by Prime Minister Lee Hsien Loong when he visited the Suzhou Industrial Park
      CHINA-SINGAPORE SUZHOU INDUSTRIAL PARK DEVELOPMENT  -  997 words
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      Lock icon Taking a new look at New China
      991 26  -  By CHARLES CHAW Charles Chaw is the group managing director of China Knowledge. The organisation is in the business of consulting, market research, financial advisory, publishing, TV media and newswires. He is also the executive producer of two TV documentaries titled: “Inside the
      AFP  -  991 words
    • Article, Illustration
      Lock icon OCBC's long march paying off
      1017 28  -  OCBC enjoys good growth in Greater China, with its corporate banking earnings more than doubling in the last year, reports LYNETTE KHOO EVEN as competition in the Chinese banking sector heats up with foreign banks racing to snap up a slice of the action, Singapore’s
      OCBC  -  1,017 words
  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      267 23 Advertising Feature t •> V 3 _h;Sts:MM±® shanghaimart gJPolIfeCEfe mrtu c mmm Mimivur*A /i «f «>•**«* _E iLflJ a y* .1 »> U IP |.t 1 1 i i III H 1 1 <Q i" 1 iiii"". I i I I a i E Jyi?'Spiis» ks I- j.a? «r> -tfiif
      267 words
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  • Page 24 Advertisements
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      53 24 HEARTIEST CONGRATULATIONS FROM YCH GROUP China-Singapore Suzhou Industrial Park Winner of the 'Business China Enterprise Award' where supplychain connects™ As your strategic partner in developing the advanced logistics capabilities of the Suzhou Industrial Park, we ke-ESu and look forwardto >hip in joint pursuit of proud of your growin business exce
      53 words
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      137 27 I U '^au gura/ oils "less Awards ina ds r 4 4'<J i 4 i OCBC Bank congratulates the winners of the Business China Awards on their resounding success. As a Singaporean bank with a long history in China, our understanding of the Chinese market has positioned us to enable
      137 words
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      Lock icon Page 28 Advertisements Column 1
      34 28 Advertising Feature K\0 V E R /REAL R S E A S T Y OVERSEAS REALTY (CEYLON) PLC congratulates our Chairman, S.P. Tao, on being conferred the Business China Excellence Award b'|a M fe±H"
      34 words
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      Lock icon Page 28 Advertisements Column 2
      451 28 Advertising Feature f 1 2008^10^308 %..\1 f K5^ Congratulations and Recognition I Jinling Hotel Nanjing extends a heartfelt congratulation to Mr. S.P. Tao, Founder of Singapore Shing Kwan Group, who has received the distinguished accolade and recognition; "Business China Excellence Award". We would like to express our sincere appreciation and
      451 words
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      Lock icon Page 29 Advertisements Column 1
      733 29 Advertising Feature Congratulations and Recognition Jinling Hotel Nanjing extends a heartfelt congratulation to Mr. S.P. Tao, Founder of Singapore Shing Kwan Group, who has received the distinguished accolade and recognition; "Business China Excellence Award". We would like to express our sincere appreciation and gratitude for his ongoing contributions and generous
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  • EDITORIAL & OPINION
    • Article
      Lock icon Asia needs more liberal aviation policies
      466 30 EDITORIAL LAST year was probably a marquee year for global commercial aviation. The International Air Transport Association (Iata) expects the industry to rake in a record US$15.1 billion, a figure which marks a dramatic US$25 billion turnaround from a loss of US$10 billion in
      466 words
    • Article, Illustration
      Lock icon Emerging Europe needs reforms to boost growth
      716 30  -  THE BOTTOM LINE ERIK BERGLOF The writer is chief economist at the European Bank for Reconstruction and Development Project Syndicate AFTER the 1997-98 financial crisis, policymakers in Asia’s major emerging markets South Korea, Thailand, Malaysia, and even Indonesia vowed “never again” to be
      Project Syndicate  -  716 words
    • Article, Illustration
      Lock icon Pakistan's history might not repeat itself
      1360 30  -  A military takeover to overcome current chaotic conditions does not seem likely this time By SHAHID JAVED BURKI The author, a former Pakistani finance minister and World Bank vice-president, is visiting senior research fellow at the Institute of South Asian Studies (ISAS), an autonomous
      REUTERS  -  1,360 words
    • Article, Illustration
      Lock icon Can Net access remain neutral?
      1454 31  -  Current pricing models for access may not be sustainable in the long run with fast-increasing data traffic AMIT ROY CHOUDHURY Senior Correspondent SIZE does matter even in Internet browsing. The “pipe” that connects your device to the Internet is becoming fatter every year. Once the
      SINGTEL  -  1,454 words
    • Article, Illustration
      Lock icon Facebook at US$50b a hard sell
      661 31  -  By DAVID PAULY The writer is a Bloomberg News columnist. The opinions expressed are his own CAN Facebook Inc, that monument to wasted time, really be worth US$50 billion? We’ll have to take Goldman Sachs Group Inc’s word for it. There are no public
      FILE PHOTO  -  661 words
    • Article
      Lock icon Expiry of warrants on a non-market day
      200 31  -  LETTER TO THE EDITOR Denis Distant ON Nov 25, 2010, Informatics Education Ltd announced that its warrants 2011 would expire on Jan 8, 2011 in terms of the deed poll dated Dec 14, 2005. But since that date was on a Saturday, a
      200 words
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  • AVIATION
    • Article, Illustration
      Lock icon Iran Air plane crashes in bad weather, killing 77
      572 32 Boeing 727 jet with 105 people crashes 8 km from airport; black box found AFP [TEHERAN] Rescuers were searching yesterday for at least one person missing after an Iran Air passenger jet crashed in bad weather in north-western Iran killing 77
      AFP  -  572 words
    • Article
      Lock icon Virgin Blue, Skywest sign 10-year alliance deal
      244 32 Bernama [MELBOURNE] Virgin Blue Holdings Ltd is to lease up to 18 turboprop aircraft and increase its exposure to the mining boom after signing a 10-year strategic alliance agreement with Perth-based regional operator Skywest Airlines. The announcement completes the third phase of Virgin
      Bernama  -  244 words
    • Article
      Lock icon Snowfall pares Air France revenue by 70m euros
      197 32 AFP [PARIS] Air France-KLM said yesterday that bad weather in December that led to the closure of airports across Europe has cost the company an estimated 70 million euros (S$117.4 million). “The passenger and cargo activities were each affected by the periods
      AFP  -  197 words
    • Article
      Lock icon Virgin withholds Heathrow fees over snow woes
      362 32 AFP [LONDON] Virgin Atlantic will stop paying its bills to Heathrow until the airport’s operator explains why one heavy snowfall stranded thousands of passengers for days just before Christmas, according to a report yesterday. Richard Branson’s airline has written to operator BAA, saying
      AFP  -  362 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3246 32 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 KU6458 1425 --SQ458 1425 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 MU8213 1830 QF81 1830 Ahmedabad NH6292 1850 --SQ530 1850 Amsterdam LO4031 0605
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  • Page 32 Miscellaneous
    • Miscellaneous
      Lock icon Page 32 Miscellaneous Column 1
      317 32 CRYPTIC CROSSWORD Across 1 Checkout lines (8) 9 Notice lease includes cover for home supporter (8) 10 Nice road after start of the straight (4) 11 Depressed by putting in order for carpeting (8,4) 13 Quiet craftsman showing favouritism (8) 15 Strangely silent coves (6) 16 A Spaniard’s positive answer
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    3415 33 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 Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination DING XIANG HAI Camden/New Orleans/Tampico *Loads
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  • Page 33 Advertisements
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      27 33 Shippers looking for Warehouse TO ADVERTISE, CALL JOE WONG AT 9620 1327 Can they find your services here in the Shipping Times? THE BUSINESS TIMES SHIPPING TIMES
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  • SHIPPING
    • Article
      Lock icon Russia abandons search for fishermen
      329 34 AFP [MOSCOW] Russia yesterday abandoned its search for at least 11 fishermen missing since their vessel sank in heavy seas off Sakhalin Island four days ago. An emergencies ministry spokesman told news agencies that the “active phase” of the search and rescue mission was over,
      AFP  -  329 words
    • Article, Illustration
      Lock icon Freight rates to plunge on rising ship supply
      1295 34 Some 200 capesizes will leave shipyards in 2011, expanding the fleet by 18% Bloomberg [LONDON] At a time when analysts anticipate record profits for the biggest mining companies and a third year of gains in commodity prices, shipping lines carrying raw materials
      Bloomberg; BLOOMBERG  -  1,295 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 34 SGX '000 Jan 10 S$ +/-Vol CH Offshore 0.51 0.01 140 Chuan Hup Hldg 0.26 unch 270 Cosco Corp 2.22 -0.04 9514 CWT Ltd 1.11 -0.03 1650 Ezra Hldgs 1.82 -0.02 5377 First Ship Lea 0.48 unch 552 Freight Links 0.08 -0.01 1577 Grand Banks unch unch 0
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9119 35 Transaction date: Jan 10 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 21 14.5 3148 8Telecom 19.5 unch 145 19.5 19.5 19 19.5 1.7 9.3 6.3 93.4 12 4.5 5834
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      Lock icon SGX CATALIST
      1664 36 52-wks Tel Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 1181 t AA Grp 5 4 5 27.8 4.8 225 130 6222 t APStrategic 160 -13 46 167 160 159
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    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9517 36 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.37/ APS Alpha Fund (USD)!** 1.05/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM
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      Lock icon SGX ETF
      892 36 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 $mil 124 107 6389 ABF SG Bond ETF 111 109.5 111.5 506.7 1056 761 CIMBAsean40 100US$ US1015 -23 84 1031 1015 1011 1012 40.6 335
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    • Article
      Lock icon GLOBALQUOTE
      254 36 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 $mil 56 38 6000 AVJennings A48 47 51.5 3.6 7.3 3.8 125 55 16 6017 Genting HK US$ US45 -1.5 ***** 46.5 45 45 45.5 2963
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 37 In local curr In S$ In US$ dy yr dy yr dy yr Jan 7 Index Change Change Change Change Change Change World Index Preliminary 906.4 -0.4 8.9 -0.3 0.9 -0.3 9.5 EAFE Preliminary 812.1 -0.3 3.5 -0.3 -4.1 -0.2 4.0 Europe Preliminary 1179.8 -0.5
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      123 37 Jan 10 As at 9am Jan 10 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.332 1.257 Can dollar 1.33 1.279 Euro 1.702 1.637 Sterling pound 2.05 1.972 NZ dollar 1.013 0.965 US dollar 1.315 1.265 Local dollars to 100 units
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 37 Jan 10 Open High Sett STI Jan 3229 SIMSCI Jan 386.3 386.8 381.5 Taiwan Jan 310.3 312.9 312.5 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      67 37 Jan 10 Jan 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 11 3825 3775 3838 3775 794 2026 Feb 11 3761 3771 3817 3761 1042 ***** Mar 11 3788 3730 3807 3730 ***** ***** Apr 11
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      391 37 Jan 10 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.6100 0 3378 Jun11 99.5000 0 1054 Sep11 99.3750 0 335 Dec11 99.1950 0 536 EUROYEN TIBOR FUTURES Mar11 99.6600 200 2476 Jun11 99.6475 0 1387 Sep11 99.6425 0 1054 Dec11 99.6400 0 1823 Mar12 99.6200
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    • Article
      Lock icon INTERBANK RATES
      178 37 Jan 10 Bid $S Offer Bid 0vernight 0.02 par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.08 US$ Offer Bid 7 days 0.35 0.25 1 month 0.40 0.30 2 months 0.43 0.33 3 months 0.46 0.36 6 months 0.55 0.45 9 months 0.80 0.60
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 37 Jan 10 S$ Bid Offer 1-month 1.2990 1.3001 2-months 1.2990 1.3001 3-months 1.2990 1.3001 6-months 1.2992 1.3002 Source: OCBC
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    • Article
      Lock icon SICOM FUTURES
      122 37 Jan 10 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Feb 11 531.4 530.0 531.4 6 Mar 11 529.0 Apr 11 526.0 526.0 526.0 10 May 11 526.0 Jun 11 526.0 Jul 11 525.0 Aug 11 525.0 Sep 11
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    • Article
      Lock icon GOVERNMENT SECURITIES
      88 37 Jan 10 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 14.04.2011 0.35 0.35 0.3 1-Year BY*****N 01.11.2011 0.42 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 103.39 5-Year N*****0S 2.875 01.07.2015 106.45 106.7 106.48
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    • Article
      Lock icon CHICAGO BOT
      107 37 Jan 7 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 11 1357.75 1369.50 1370.75 1353.00 Mar 11 1365.00 1378.00 1382.50 1360.25 May 11 1373.75 1386.50 1391.00 1369.00 Jul 11 1377.75 1389.50 1393.00 1373.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 11 56.35
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 37 CRUDE OIL PRODUCTS Jan 7 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 94.03 -0.92 WTI (Near Mth) 88.32 0.04 Dubai (1-Mth F) 90.26 -1.40 Tapis blend 98.85 -1.35 Minas 94.65 -1.35 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.94 -2.20 Jet Kerosene 106.25 -1.18 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2482 37 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 32.5 -0.5 1082 1 10 -2 1.34 58 6221 Asia-Pacific Strat W*****6 30 -4 23 1 150 12 5.33 40 6227 ASJ Hldgs W*****1 2 1
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    • Article
      Lock icon INTERBANK CROSS RATES
      466 37 Jan 10 Pound US$ A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.987 6.582 0.769 7.714 45.063 89.869 0.825 11.152 3.051 1.306 85.022 43.952 1.289 6.778 0.957 29.009 30.474 0.638 0.992 Canada
      466 words
    • Article
      Lock icon LIFFE
      83 37 Jan 7 COCOA (£/tonne) Close Prev High/Low Mar 11 1928 1924 1948/1922 May 11 1936 1933 1955/1930 Jul 11 1950 1947 1968/1945 Sep 11 1956 1955 1977/1952 COFFEE (US$/tonne) Close Pev High/Low Jan 11 2018 2026 2010/2010 Mar 11 2023 2029 2034/2009 Jul 05 2041 2047 2052/2028 Jul 11
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    • Article
      Lock icon SIBOR
      85 37 Jan 10 (US$) (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 37 Jan 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2888 1.2900 0.9921 0.9922 Canadian dollar 1.3052 1.3069 1.0047 1.0052 Euro 1.6762 1.6778 1.2903 1.2905 NZ dollar 0.9863 0.9883 0.7592 0.7602 Sterling pound 2.0192 2.0211 1.5543 1.5546
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    • Article
      Lock icon PRECIOUS METALS
      142 37 Jan 10 GOLD (US$/oz) Jan 07 Jan 10 Hong Kong 1365.00 1375.30 Jan 06 Jan 07 London 1368.00 1376.77 1368.90 1377.54 Source: Thomson Reuters Source: Thomson Reuters CAST BAR Jan 10 (S$) Selling Buying Kilobar "61,529.28" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 138 57 5gm 391
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    • Article
      Lock icon LONDON METALS
      71 37 Jan 7 Jan 7 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2504.00 2505.75 3 months 2518.00 2519.00 Copper, Grade A (US$/tonne) Cash 9433.00 9490.50 3 months 9415.00 9475.00 Lead (US$/tonne) Cash 2675.00 2683.00 3 months 2649.00 2656.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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  • PROPERTY
    • Article
      Lock icon Talk of property tax hits stocks in HK and China
      352 38 Reuters [HONG KONG] Hong Kong and China stocks retreated yesterday as property and banking issues fell on a report that the south-western Chinese city of Chongqing may impose a property tax in the current quarter. The benchmark Hang Seng Index
      Reuters  -  352 words
    • Article, Illustration
      Lock icon High rents in Beijing drive migrant 'mice' underground
      804 38 Up to 1 million people are living in subterranean civil defence shelters AFP [BEIJING] Struggling Chinese migrant worker Li Youhong was already on the bottom rung of Beijing society, but soaring real estate prices and other costs have pushed him so low
      AFP  -  804 words
    • Article
      Lock icon China market not a bubble as incomes are rising with prices
      326 38 Bloomberg [SHANGHAI] China’s property market is not a bubble because household incomes are rising in line with housing prices, according to Andy Rothman, CLSA Asia-Pacific Markets’ China macro strategist. Housing prices in so-called second-tier cities, where most urban Chinese
      Bloomberg  -  326 words
    • Article, Illustration
      Lock icon NY lawmakers tussle over property tax cap
      756 39 Democrats want to tie tax break sought by Republicans to stricter rent rules NYT [ALBANY, New York] Democratic leaders in the state Assembly are signalling that they are ready to embrace a cap on local property taxes, which could clear the way for
      NYT; BLOOMBERG  -  756 words
    • Article
      Lock icon Chongqing, Shanghai may impose new tax
      715 40 Luxury-property tax in Chongqing approved in principle; Shanghai’s tax will apply to new homes Bloomberg [SHANGHAI] China’s city of Chongqing may impose a luxury-property tax in the first quarter and Shanghai may introduce a tax on new homes around the same time, the official
      Bloomberg  -  715 words
    • Article
      Lock icon JTC splits up properties to be divested
      366 40  -  By UMA SHANKARI JTC Corporation has decided to split up the properties that will be divested under the second phase of its divestment exercise into two sets, it said yesterday. The industrial landlord is launching a tender today to invite potential buyers to
      366 words
    • Article, Illustration
      Lock icon Newton View up for collective sale again
      323 40 NEWTON View is up for collective sale again for the second time in less than six months but with a slight cut in the asking price. The owners of the district 11 freehold project are now asking for $150 million, slightly less than
      323 words
    • Article
      Lock icon UK home prices may continue decline after falling 1.3% in Dec
      506 40 Tax rise, economic uncertainty may put off buyers: analysts Bloomberg [LONDON] UK house prices fell the most in three months in December and may extend their decline this year as uncertainty about the economy deters homebuyers. Average prices dropped
      Bloomberg  -  506 words
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      Lock icon Page 38 Advertisements Column 1
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      214 words
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      Lock icon Page 38 Advertisements Column 2
      192 38 CTE BOON KENG MRT SUBJECT SITE G 0 ONJ 2 Collective Sale By Tender Prime Freehold Residential Site Serangoon Euro-Asia Apartments Site Area: 5,246.8 sqm Plot ratio: 2.8 Walking distance to Boon Keng MRT Short distance to City Tender closes on 25th January 2011 at 3pm 0 -o m "33
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      Lock icon Page 38 Advertisements Column 3
      195 38 FOR SALE BY TENDER HOE HUAT INDUSTRIAL BUILDING 6, NEW INDUSTRIAL ROAD (Off Upper Paya Lebar Road) .11 RealtorHub CTR CLOSE OF TENDER 15 th February 2011 (Tuesday) at 3pm Land Area: 2732sq m (approx *****sq ft) Freehold 28 units average 2000sf each 8-storey very good naming rights Zone Industry
      195 words
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      107 39 Whitley Heights Large Mixed Landed Site D11, Whitley Rd, behind Chancery Lane pamela@credo.com.sg karhing@credo.com.sg karamjit@credo.com.sg Land 130,164 sf, 2-Sty Mixed Landed; FH Within 1 km to ACS and CHIJ (Toa Payoh) Ideal for landbanking; quiet cul-de-sac Potential for up to 80 strata terraces Tender Closing on 26 January 2011 (Wed),
      107 words
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      Lock icon Page 39 Advertisements Column 2
      543 39 fffwi JONES LANG WJ LASALLE Real value in a changing world FOR SALE BY TENDER PRIME STRATA SHOP I SHOWROOM I OFFICES THONG SIA BUILDING (PODIUM BLOCK) s 's 3* UK Mt Elizabeth Hospital The ro Paragon m m SUBJECT SITE Tong Building ORCHARD ROAD •0 Orchard Takashimaya Shopping Ctr
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      109 words
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      Lock icon Page 40 Advertisements Column 2
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      150 words