The Business Times, 17 January 2011

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Total Pages: 30
1 30 The Business Times
  • 24 1 THE BUSINESS TIMES S$1 .00 online at http://www.businesstimes.com.sg Sf!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Monday, January 17,2011
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  • 805 1  -  Downsizing aimed at residential property investors thwarted by curbs By KALPANA RASHIWALA [SINGAPORE] The instant success of shoebox residential units has drawn some developers to adopt the same strategy for industrial projects to target investors and speculators thwarted by restrictions on trading in
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  • 157 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST Index 3,245.96 -15.39 KL COMP 1,569.89 -2.32 NIKKEI 225 10,499.04 -42.00 HANG SENG 24,283.23 +596.60 SET INDEX 1,032.26 -4.19 JAKARTA COMP 3,569.14 -62.31
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  • 762 1  -  By TEH HOOI LING [SINGAPORE] Foreign investors withdrew a combined net total of US$978 million from the Indonesian, Thai and Philippine stock markets last week the highest in the last five years and the third largest in the last 10
    Source: Compiled by BT  -  762 words
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    • 212 1 DINING OUT Let the festive feasting begin (again) PAGE 23 BizIT Chip equipment sales seen slowing PAGE 30 MALAYSIA INSIGHT Happy ending for PLUS story PAGE 16 HOCK LOCK SIEW Speculation curbs to hit all and sundry PAGE 7 VIEWS FROM THE TOP Lifting standards in share trading CEOs give
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  • TOP STORIES
    • 632 2 Shoebox units in industrial projects gaining currency THE instant success of shoebox residential units has drawn some developers to adopt the same strategy for industrial projects. Market observers say that shoebox industrial units are targeted at investors and speculators thwarted by restrictions on trading in residential properties introduced
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    • 753 2  -  7th straight week of gains posted; corporate margins compression seen WALL STREET INSIGHT By ANDREW MARKS in New York THE major US indexes hit another round of new highs last week, with the stock market indexes at two and one-half year highs,
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    • 770 2  -  By MICHELLE QUAH [SINGAPORE] Bold proposals put forth by Hong Kong to improve its already laudable corporate governance regime could serve as a guide to Singapore, which is currently reviewing its own regime, say corporate governance advocates here. The Hong Kong Stock Exchange
      AFP  -  770 words
    • 579 4  -  They want to entice buyers to exercise their options to purchase By UMA SHANKARI [SINGAPORE] DEVELOPERS have started to cut prices and offer discounts on a case-by-case basis in a bid to stop buyers from walking away from planned purchases. At least
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    • 514 4 Reuters [TEHERAN] Iran’s Oil Minister Massoud Mirkazemi yesterday said that US$100 for a barrel of crude was appropriate and there was no need to hold an emergency Opec meeting to discuss the price. “The price of US$100 for oil per barrel
      Reuters; REUTERS  -  514 words
    • 57 4 Branchen Stars R1C-A 10/01/11 140.04 EUR db X-MACRO Trading Index Fund I4D 06/01/11 99.98 GBP DB Platinum II FX Select Guaranteed Fund R1D 23/12/10 101.51 USD DB Platinum IV Balanced Currency Harvest Euro I1C 15/12/10 100.25 EUR Booster Capital Guaranteed Fund SGD R1D 06/01/11 10.04 SGD Double Joy
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    • 652 4  -  Median bonuses here tipped at just over 2 months’ pay By CHUANG PECK MING [SINGAPORE] Bosses in Singapore are tipped to dish out the biggest bonuses in Asia this year a median 17 per cent of annual base pay, which works
      Source: HRBS HR Market Pulse Survey Jul/Aug, Nov 2010  -  652 words
    • 879 4  -  By ANNA TEO [SINGAPORE] Should Singapore reconsider switching to the current-year, “pay-as-you-earn” basis of income tax assessment, in view of growing economic volatility and in line with the trend elsewhere? Tax consultants and economists who have long argued for a switch from the
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    • 507 2 RECOGNISED. TRUSTED. VALUED. And celebrating35 years in Singapore The Certified Internal Auditor (CIA®) designation is the only globally accepted qualification for internal auditors and remains the standard by which individuals demonstrate their competency and professionalism in the field of internal auditing. Together with the CIA®, the Institute of Internal Auditors
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    • 98 2 Notice on relocation of HSBC Trade and Supply Chain office With effect from 17 January 2011, the HSBC Trade and Supply Chain department which handles issuance and processing of documentary credits and bills, trade documents financing including receivable financing operations and issuance of guarantees, will relocate to the new office
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  • Page 3 Advertisements
    • 134 3 Name School Score Alex Tan Rosyth School 282 Fu Wan Ying Tao Nan School 279 ‘Aqilah Mohd Zulkarnain Coral Primary School 278 Sheldon Tan Rosyth School 278 Zhang Wen Han Pei Chun Public School 278 Seah Wen Xin Red Swastika School 278 Justin Lim SJI Junior 277 Alexander Yean ACS
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    • 378 5 Citigold Your wealth Powered by Citi. At Citigold, every conversation is about helping you enhance your wealth potential. You will have access to personalised wealth advisory, backed by our global financial expertise, that provides you with solutions tailored to meet your needs. From involving you in the process of handpicking
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  • SINGAPORE MARKETS
    • 644 6  - Will January barometer be valid for 2011 STOCKS R SIVANITHY Senior Correspondent THERE’S an old market adage that says “as goes January, so goes the year”. If this holds true, then we’re in for a rough 2011 in the first two weeks of the New Year, we’ve had disastrous floods
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    • 693 6 COMMODITIES AFP [LONDON] Oil is fast approaching US$100 for the first time in two years, at the end of a momentous week which saw the market driven by the Brent contract’s looming expiry, sup-ply-side worries and falling US reserves. Other major global commodity markets
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    • 1640 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Prop Ltd 2.58 2.58 12 10.81 11.29 1.39 1.15 ARA Asset Mgt Ltd 2.25 2.25 4 8.23 22.01 1.69 1.79 Armstrong Ind Corp Ltd 1.00 1.00
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    • 473 6 CURRENCIES Bloomberg [SINGAPORE] Asian currencies gained last week as easing concern about Europe’s debt crisis and the prospect of more interest-rate increases boosted investor appetite for emerging-market assets. South Korea’s won had its fourth weekly advance and China’s yuan appreciated ahead of President Hu
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    • 4 6 WEEKLY
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    • 65 6 Jan 14 VALUE CLOSE BT OB/OS 367.00-125.00 BT CADI -*****.00 -87.00 BT 10-day MA -*****.00 +36.00 FTSE ST Mid Cap 829.60 -6.00 FTSE ST Small Cap 616.83 -3.63 FTSE ST All Share 808.31 -3.15 FTSE ST China Top 307.55 -0.05 FTSE ST China 336.15 +0.72 FTSE ST
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    • 56 6 VOLUME Golden Agri 536,218,000 Genting SP 322,887,000 UniFiber 275,590,000 Goldtron 255,455,000 ChinaGaoxian 205,798,000 Noble Grp 178,788,000 Gallant 160,351,000 Transcu Grp 158,619,000 Bio-Treat 133,207,000 STXOSV 118,535,000 VALUE($) Genting SP 707,322,860 Golden Agri 418,495,202 Noble Grp 416,540,540 CapitaLand 409,459,420 DBS Grp 308,974,656 Wilmar 267,984,348 Yangzijiang 228,516,810 Keppel Corp 224,380,006
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    • 111 6 BY CENTS CLOSE UP DBXT USDIGInfl 5US$ ***** 512.2 1.7 IS DJ US Tech 6665 208.5 2.5 DBXT AUD Bonds 5AU$ ***** 187.4 1.0 JMH 4640 180.2 3.1 IS S&P500 ***** 158.3 1.0 DBXT DBLCI-OY 5US$ 4006 110.7 2.2 GLD 10US$ ***** 109.4 0.6 DBXT MSMSIA 10US$ 1318 102.9
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    • 119 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-510.9 -3.0 DBXT AUDMM 5SG$ *****-235.0 -1.0 DBXT DBCBLEB 10US$ 2212-180.2 -6.0 Lyxor MS India 10US$ 1693-176.3 -7.5 Lyxor India Nifty 10 1628-110.0 -6.3 DairyFarm 917 -81.1 -6.4 Jardine C&C 3560 -66.0 -1.8 DBXT S&P Short 10US$ 4420 -59.2 -1.0 CITYDEV.ES.1101 1218
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    • 5 6 WEEKLY
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    • 172 8 JAN 14 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE United Fiber System 0.055 10.0 4,950 Kingboard Copper Foil 0.390 5.4 9,750 Singapore Land 7.710 2.4 15,420 Auric Pacific 0.690 2.2 4,140 Bonvests 1.150 1.8 10,350 SanTeh 0.415 1.2 6,225 Fortune Reit 0.670 1.2 8,710 Metro 0.885 0.0 9,735
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    • 486 8  -  TEH HOOI LING Senior Correspondent THE deluge of foreign funds into South East Asia, in particular to Indonesia and Thailand reversed last week, causing the Indonesian market to slump. That affected sentiment somewhat in Singapore as well, causing the Straits Times Index to
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    • 158 8 One-year top losers JAN 14 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE JEL 0.015 50.0 3,750 Mirach Energy 0.120 26.3 12,000 Bio-Treat Tech 0.050 11.1 5,000 Cosco 2.330 3.1 13,980 Sinomem Technology 0.535 2.9 24,075 Jade Tech 0.010 0.0 1,250 Lereno Bio-Chem 0.005 0.0 1,250 Zhonghui 0.000 0.0
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    • 161 8 JAN 14 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Essence 0.345 7.8 7,245 Kingboard Copper Foil 0.390 5.4 9,750 Straits Asia Resources 2.790 4.5 13,950 CSC Holdings 0.165 3.1 8,580 China Fishery 2.310 2.7 20,790 China Taisan 0.195 2.6 7,800 Hupsteel 0.230 2.2 7,130 CWT 1.140 0.0
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    • 1518 8  -  But the buyback activity among listed companies surge INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited TRADING among directors slowed after getting off to a fast start in the first week of January with only 21 transactions worth $12.3 million
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    • 172 8 JAN 14 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE TT Int'l 0.040 14.3 1,800 Poh Tiong Choon Logistic 0.475 8.0 13,775 Transpac Indl 2.040 5.7 6,120 MFS Technology Ltd 0.190 5.6 5,130 CDL Hospitality Trust 2.090 2.0 14,630 Metro 0.885 0.0 9,735 Nera Telecoms 0.370 0.0 8,140 Datapulse
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    • 156 8 sentiment JAN 14 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE(%) UIC 2.810 8.9 11,240 Kingboard Copper Foil 0.390 5.4 9,750 Goodpack 2.310 3.6 9,240 Parkway Life Reit 1.740 3.0 8,700 Pan-United Corp 0.540 2.9 6,480 China Taisan 0.195 2.6 7,800 People's Food 0.795 1.9 8,745 Bright
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    • 172 8 JAN 14 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Essence 0.345 7.8 7,245 Goodpack 2.310 3.6 11,550 First Resources 1.540 3.4 29,260 Pan-United Corp 0.540 2.9 6,480 Noble Group 2.340 2.2 25,315 Bukit Sembawang 4.810 1.1 4,810 Cacola Furniture 0.060 0.0 3,120 China Kangda Food 0.115 0.0
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  • COMPANY NEWS
    • 557 7  -  HOCK LOCK SIEW By SIOW LI SEN THE latest clampdown on mortgages is pretty severe, prompting one observer to say that there is “100 per cent certainty” that the measures will cool the market. The Monetary Authority of Singapore (MAS) has followed up
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    • 341 7 Payment Ex Books Pay Ann (cts) date close date date Asia Pac Brew ak 52.000 27-Jan 31-Jan 18-Feb 12-Nov Australand Prop^ ag 10.500 29-Dec 31-Dec 08-Feb 20-Dec China Gaoxian aw 0.500 07-Jan 11-Jan 24-Jan 16-Dec Cosmosteel Hldgs ak 0.500 24-Feb 28-Feb 14-Mar 10-Jan Eastern Hldgs aw 0.333 04-Jan
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    • 549 9  -  Loan volumes in Singapore expected to reach US$25-30b, from 2010’s US$23b By CONRAD TAN SYNDICATED loan volumes in Asia are expected to grow strongly this year, driven by more corporate mergers and acquisitions, refinancing deals and new investment projects, says DBS Group head
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    • 797 9  -  Catalist firm Oxley banks on affordability, reports VEN SREENIVASAN reports VEN SREENIVASAN THEdemandfor“shoe-box” apartment is here to stay, says Ching Chiat Kwong, controlling shareholder and chief executive officer of Oxley Holdings. “If you look at the way Singapore is developing high economic growth, rising home-owning
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    • 294 9 COMPANY MEETING PLACE DATE TIME People's Food S Room 903-904, 9th Floor, Wind On Plaza, 62 Mody Road, Tsimshatsui, Kowloon, Hong Kong 19-Jan 10.00am Wepco Ltd E Singapore Swimming Club, 45 Tanjong Rhu Road Singapore *****9 19-Jan 10.30am Cosmosteel Hldgs A Shan Shui Palace, 450 Jalan Ahmad Ibrahim,
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    • 403 9 Jan 14 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of
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    • 395 7 NANYANG TECHNOLOGICAL UNIVERSITY Wee Kim Wee School of Communication and Information MSc in Knowledge Management Application is Now Open for August 2011 Intake B Wee Kim mm @e chool 0 °nimu ormat\ 0 The MSc in Knowledge Management offered by NTU's Wee Kim Wee School of Communication and Information prepares
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  • Page 9 Advertisements
    • 162 9 SHIFT_the way you move NISSAN NISSAN IS SINGAPORE'S SELLING COMMERCIAL VEHICLE BRAND URVAN CABSTAR CABSTAR 1 i ES !9I NVZOO NV200 V" S I 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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  • SINGAPORE NEWS
    • 500 10  -  Market sources expect it to fetch some $75-80m By KALPANA RASHIWALA ANOTHER office block is available for sale. A private equity fund is offering 182 Clemenceau Avenue near Dhoby Ghaut MRT Station for sale, and market sources say that the price could be about
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    • 677 10  -  Forum here on business openings to focus on semicon, water management By LEE U-WEN WHILE Dubai may still be regarded by most as the commercial hub of the United Arab Emirates (UAE), the nearby bustling city of Abu Dhabi is fast
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    • 181 10 TEMASEK Holdings unit Singbridge International Singapore has named Tay Hun Kiat as head of its joint venture (JV) with China’s Guangzhou Development District, charged with developing the Sino-Singapore Guangzhou Knowledge City. Mr Tay, 50, has over 13 years of senior management experience in Temasek-linked companies,
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  • Page 11 Advertisements
    • 1199 11 ADVERTISEMENT THERE ARE COUNTLESS WAYS TO ADD A SENSE OF PLACE TO YOUR EVENT AT INTERCONTINENTAL SINGAPORE With the new INTERCONTINENTAL MEETINGS PROGRAMME, meeting planners can plan their meetings seamlessly, even before they get to Singapore. For instance, a series of state-of-the-art tools provide detailed overview of the property in
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  • VIEWS FROM THE TOP
    • 1928 12 THIS WEEK’S TOPIC What are your thoughts on our market commentator’s Wish List for the Singapore stock market? Do you have any other proposals that you believe would improve the functioning of the Singapore stock market? Sam Yap S G Group Executive Chairman Co-Founder CHERIE
      FILE PHOTO  -  1,928 words
    • 18 13 ISIN-CODE NAME NAV DATE LU********** Man AHL Trend SGD Share SGD 98.75 10.01.11
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  • Page 13 Advertisements
    • 33 13 After a stellar 2010 shipbuilding s-chips looking less optimistic this year? 去造今 To subscribe, call 6388-3838 or go to sphsubscription.com.sg CATS Recruit The first step on your ladder to success CLA/AUG06/g
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    • 114 13 7 Ann Clarke Societe Generale Private Banking n A 7 '0 WE STAND BY YOU HELPING YOU PURSUE YOUR DREAMS "Whether acquiring a yacht or a luxury home, investing in art or supporting a good cause... each of my clients has a specific project that is close to their heart.
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1578 14 Private equity is fast gaining legitimacy in this region, but the industry is stigmatised in crisis-hit Europe PRIVATE equity may have attracted disdain and notoriety for asset stripping in parts of Europe, but in Asia it has gone from being a “slightly dodgy” industry to
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    • 916 14  -  Wharton strikes IAN LIM most by bridging classroom learning with working world insights CAMPUS LIFE IAN LIM The author is a Third Year Accountancy and Business student and Lee Kong Chian Scholar from Singapore Management University ALONG with two Singapore Management University (SMU) schoolmates, Lai Chang Wen and
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  • Page 14 Advertisements
    • 249 14 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors’ Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      249 words

  • ECONOMY WATCH
    • 586 15 Analysts warn it would be too small to rescue Spain if it ever needs a bailout AFP [BRUSSELS] Eurozone finance ministers head into a meeting today under pressure to ramp up the firepower of a debt rescue fund even after markets
      AFP  -  586 words
    • 467 15 It also says outlook is negative, citing heavy debt burden Bloomberg [ATHENS] Greece lost its last investment grade rating as Fitch Ratings downgraded the country’s debt one notch to BB+, or junk. The cut was foreshadowed by a warning last month and
      Bloomberg  -  467 words
    • 324 15 BOE should not raise key rate: Ernst Young unit Bloomberg [LONDON] Ernst Young LLP’s Item Club will say that the Bank of England must “hold its nerve” and not raise its key interest rate until the recovery shows signs of overcoming the impact of the government’s budget squeeze. “With inflation
      Bloomberg  -  324 words
  • Page 15 Advertisements
    • 595 15 TOSHIBA Leading Innovation »> Windows®. Life without Walls™. Toshiba recommends Windows 7. eco style Review Rating: EXCELLENT GOLD A R700 LIGHTNING-FAST BRAIN. SUPER-SLIM BODY. FROM 1.39KG. FULL SPEC. avsMBieee I—I PORTEGE R700-2015U PT310L-08X03D $2,199 Intel® Core™ i5-560M processor 2.66GHz with Turbo Boost Technology up to 3.20GHz Genuine Windows® 7 Processional
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  • MALAYSIA/INDONESIA
    • 620 16  -  The UEM-EPF joint bid is the best offer since both parties have the financial muscle to see the deal through MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent ULTIMATELY, it all turned out for the best when the bids closed for PLUS Expressways Bhd. The firm, which
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    • 384 16 Bernama [KOTA KINABALU] Malaysia Airlines’ newly launched Kota KinabaluPerth route is expected to boost tourist arrivals in Sabah in line with the airline’s commitment to develop Kota Kinabalu as its eastern hub. The Australian city is the second international destination introduced after Haneda
      Bernama  -  384 words
    • 320 16 Private investment, govt initiatives fuel growth: minister Bernama [IPOH] Malaysia’s economy is expected to grow by 5 per cent to 6 per cent this year due to strong support from private sector investment, according to Second Finance Minister Ahmad Husni Hanadzlah. He said a
      Bernama; BLOOMBERG FILE PHOTO  -  320 words
    • 625 16 AFP [JAKARTA] Its symbol is Garuda, the winged steed of Vishnu in Hindu mythology, but Garuda Indonesia’s fortunes more closely resemble the Phoenix, which rose from the flames to fly again. This, at least, will be the story Indonesia’s national carrier takes to
      AFP  -  625 words
    • 1953 16 VOL Jan 14 RM +/-(‘000) A M Realty 0.54 -0.02 282 Abric Bhd 0.42 0.01 691 Advance Synerg 0.26 0.01 ***** Adventa Bhd 2.47 -0.04 505 Ae Multi Hldgs 0.45 unch 875 Affin Holdings 3.55 -0.07 1438 Ahmad Zaki Res 1.21 -0.05 1875 Aic Corp 1.21 -0.02 566
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  • Page 16 Advertisements

  • GREATER CHINA/INDIA
    • 421 17 Bldg meant for war veterans violates laws, says minister AP [NEW DELHI] An upscale apartment building that has caused an Indian political scandal was yesterday ordered to be razed because it violates coastal protection laws. The 31-storey building in downtown Mumbai
      AP  -  421 words
    • 600 17 It readies for launch of cross-border ETFs, income bonds, oil and lead futures Reuters [SHANGHAI] Shanghai hopes to encourage foreign companies to raise capital through stock and bond issuance this year, mayor Han Zheng said yesterday, while also confirming that the city plans a trial
      Reuters; AFP  -  600 words
    • 279 17 Bloomberg [BEIJING] China’s economy may have grown about 10 per cent in 2010, and the biggest risk this year would be “overheating”, according to Yao Jingyuan, chief economist at the nation’s National Bureau of Statistics. Consumer prices may have climbed more than
      Bloomberg  -  279 words
    • 475 17 Xinhua [BEIJING] A new computer software program is pushing government officials in east China’s Jiangsu Province to work hard and behave professionally. In the Nanjing Urban Planning Bureau, if an official does not finish a case within 20 days, a yellow light will
      Xinhua  -  475 words
  • Page 17 Advertisements
    • 76 17 FLEXIBLE OFFICE SPACES Units from $1,300 Fully furnished Conference rooms Business support services Flexible lease periods Complimentary parking Usage of business lounge, gymnasium and facilities XV I! Hill": ii minim ii CENTRAL SfilJARE I K* t I 9 t Sir B11 VI i*!r 5 (1 !TK iii m i i
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    • 516 17 SPICE i2i LIMITED (formerly known as MediaRing Limited) (Incorporated in the Republic of Singapore on 15 July 1993) (Company Registration Number: *****4568R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Spice i2i Limited (the “Company”) will be held at 6 Shenton Way, DBS
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  • WORLD
    • 624 18 They aim to jointly exploit the vast untouched oil gas resources there AFP [LONDON] British oil giant BP has agreed a huge Arctic exploration deal and share-swap with Russian state firm Rosneft. BP chief executive Bob Dudley and Rosneft president Eduard Khudainatov
      AFP; BLOOMBERG  -  624 words
    • 572 18 Exciting designs reflect industry’s renewed optimism AP [DETROIT] Sharp designs with pizazz, power and elegance helped pull in crowds during the public opening on Saturday of the North American International Auto Show, with US automakers doing their best to impress consumers looking for signs
      AP; PHOTOS: BLOOMBERG  -  572 words
    • 304 18 AFP [YANGON] Politicians within and outside Myanmar yesterday called on Western nations to lift sanctions against the country, whose new parliament is preparing to convene for the first time this month. Asean called for the lifting of the punitive measures enforced by
      AFP  -  304 words
    • 493 18 Reuters [DUBAI] UAE telecoms firm Etisalat is still working to complete a deal to buy a stake in Kuwait’s Zain for US$12 billion despite missing a Jan 15 due diligence deadline and the emergence of a potential rival bid. Etisalat said yesterday
      Reuters  -  493 words
    • 472 19 Analysts expect financials to be one of the darlings of Q4 earnings cycle Reuters [NEW YORK] US bank stocks are flying high, and this week’s earnings could give investors more reason to be optimistic about the sector. Strong results from JPMorgan Chase Co last
      Reuters; AFP  -  472 words
    • 590 19 AFP [MOSCOW] It’s a company with a stake in Facebook, the leading position in one of the world’s fastestgrowing Internet markets and a listing on the London Stock Exchange (LSE). But this is not a firm from Silicon Valley or a high-tech Asian economy. It
      AFP  -  590 words
    • 564 20 Some communities remain isolated by floodwaters, others brace for river peaks AP [BRISBANE, Australia] Some Australian communities remained isolated by floodwaters and others braced for a new river peak yesterday as the nation’s third-largest city struggled to clean up the putrid sludge left behind
      AP; PHOTOS: AFP  -  564 words
    • 302 20 Cutting budget deficit a priority, adds Summers Bloomberg [WASHINGTON] The US economy will probably grow 3-4 per cent annually over the next several years, said Lawrence Summers, the former Treasury secretary and director of the National Economic Council (NEC). “I would expect
      Bloomberg  -  302 words
    • 401 20 Reuters [BEILIU, China] A Chinese porcelain manufacturing company has won the order to make the official tableware to be used at the British royal wedding of Prince William and his fiancee Kate Middleton. Guangxi Sanhuan Group, based in Beiliu, a city in
      Reuters  -  401 words
    • 741 20 It wants curbs against potential nuclear weapons Bloomberg [SEOUL] South Korean President Lee Myung Bak called for United Nations action on North Korea’s urani-um-enrichment programme that provides the country with another means of making nuclear weapons. The UN Security Council should
      Bloomberg; BLOOMBERG  -  741 words
    • 462 20 AP [WASHINGTON] Even as prosecutors build a case against the US Army private suspected of passing hundreds of thousands of diplomatic cables to WikiLeaks, the State Department is promoting a documentary film that celebrates Pentagon Papers leaker Daniel Ellsberg. Amid its struggle to contain damage
      AP  -  462 words
    • 466 21 WikiLeaks will receive the data and details at a London news conference Reuters [ZURICH] A former Swiss private banker who was one of the first whistleblowers to use WikiLeaks by publishing internal bank documents on the site has pledged to hand
      Reuters  -  466 words
    • 528 21 They are inspired by plants that grow in Neverland Ranch AFP [NICE] Thanks to an autograph hunter in Las Vegas who asked to borrow a pen, a French perfumer is poised to launch his-and-hers fragrances in memory of Michael Jackson. Inspired by plants
      AFP  -  528 words
    • 315 21 But he faces repeal of his healthcare law in Republican House AP [WASHINGTON] US President Barack Obama says that he is ready to work with lawmakers in both parties in a “spirit of common cause” to address major issues as Congress gets
      AP  -  315 words
    • 221 21 Bloomberg [DUBAI] Bank Muscat, Oman’s biggest bank by assets, has said that 2010 profit rose 38 per cent, helped by a gain in interest income and lower impairment charges. Full-year profit increased to 102 million rials (S$341 million) from 73.7 million rials a
      Bloomberg  -  221 words
  • Page 18 Advertisements
    • 1002 18 MATS BUY IT• SELL IT• FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg on are IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SURGE CAPITAL PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****2839N Extract of the Minutes of an Extraordinary General Meeting
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    • 190 18 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF SOMERSET YOUYI (S) PTE LTD (IN MEMBERS’VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****0351R) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, in pursuant to Section 308 of the Companies Act, Cap 50, that a Final Meeting of the
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  • Page 19 Advertisements
    • 149 19 Jacyln Chan Author my paper Executive Look 2010 1 st Runner-Up Winner of "HTC Best Communicator" Award Now in its fourth year, my paper Executive Look presents urPan executives with the platform to raise their corporate profile beyond the office walls, You should have strong self-belief, communication skill, a pleasant
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  • AVIATION/SHIPPING
    • 547 22  -  It will be the world’s 3rd fastest growing market for int’l passengers by 2014 By VEN SREENIVASAN THE future for Vietnamese aviation is bright and by 2014, the country will be the world’s 3rd fastest growing market for international passengers and freight, and the 2nd
      REUTERS  -  547 words
    • 118 22 Xinhua [BEIJING] China State Shipbuilding Corporation (CSSC) signed a contract with Exxon Mobil and Mitsui Co Ltd on Saturday to build four LNG (liquefied natural gas) ships, the nation’s first overseas order for such an advanced carrier. Hudong-Zhonghua Shipbuilding (Group) Co Ltd,
      Xinhua  -  118 words
    • 345 22 AFP Reuters [SEOUL] Somali pirates have seized a South Korean chemical cargo in the Arabian Sea, two months after an oil supertanker belonging to the same firm was freed after seven months in captivity, the government and local media said. Aboard was a
      AFP; Reuters  -  345 words
    • 278 22 SGX '000 Jan 14 S$ +/-Vol CH Offshore 0.51 0.01 331 Chuan Hup Hldg 0.26 unch 145 Cosco Corp 2.33 0.02 9609 CWT Ltd 1.14 0.01 2450 Ezra Hldgs 1.78 -0.01 4734 First Ship Lea 0.48 unch 620 Freight Links 0.08 unch 1202 Grand Banks 0.39 -0.01 3
      278 words
    • 381 22 The figure accounts for 20% of the port’s throughput Bernama [KUALA LUMPUR] CMA CGM Group, the world’s third biggest container carrier, hopes to maintain if not better its growth rate achieved last year for container volume at Port Klang. The French
      Bernama  -  381 words
    • 3275 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ456 1245 EY473 1940 VA7473 1940 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 Amsterdam LO4031 0605 LO4032 2350 SQ323 0605 SQ324 2350 US5410 0605 US5411 2350 AZ3992 1615 KL835 1615 Athens
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  • Page 22 Miscellaneous
    • 320 22 CRYPTIC CROSSWORD Across 1 Alarm mostly associated with a black beetle (6) 5 English crowd fed very good coffee (8) 9 Damaging allegations by captain bringing fish (10) 10 Attempt to nick ring in ancient city (4) 11 Order changed for cashmere? I haven’t a clue (6,2) 12 Position of
      320 words

  • DINING OUT
    • 1022 23  -  CHINESE NEW YEAR MENUS Li Bai Sheraton Hotel, 39 Scotts Road Tel: 6839-5623 Mezza9 Grand Hyatt, 10 Scotts Road Tel: 6732-1234 Si Chuan Dou Hua Parkroyal on Beach Road Tel: 6505-5722 TOP of UOB Plaza 1 60th Floor, Raffles Plaza Tel: 6535-6006 With Chinese
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  • Page 23 Advertisements
    • 198 23 IT'S HERE! ..ill 3G 2:40 PM i//¥ m 5r> M LDHDinE... GET THE FREE 9I.3FM APP NOW! Available on the J App Store WINE DINE AND HOSPITALITY V Vl '4V> •J sv Yimi TOSS TO PROSPERITY! "C a >s A. USHER IN THE YEAR OF THE RABBIT WITH OUR AUSPICIOUS
      198 words
    • 17 23 www.omy.sg o, 4 r. IID* #7% blog.omy.sg/sgstory u Valentine Day s -i -25fe>i I A* •rr showtime.omy.sg
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  • SINGAPORE STOCKS
    • 9371 24 Week ended: Jan 14 52-wks Tel Last Vol Week Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 3148 8Telecom 19 -0.5 2518 20 19 19 19.5 1.7 9.5 6.1 91 12 4.5 5834 A-Sonic
      9,371 words
    • 1816 25 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 $mil 7 4 1181 t AA Grp 5 4 5 27.8 4.8 225 130 6222 t APStrategic 162 -11 83 170 158 159
      1,816 words
    • 113 25 Stock name Close Change CapMallsAsia 1.920 CapitaLand 3.710 -0.130 CapitaMall 1.880 -0.030 CityDev 12.160 -0.580 ComfortDelGro 1.640 +0.010 DBS Grp 14.700 -0.120 F&N 6.440 -0.060 Genting SP 2.200 +0.010 Golden Agri 0.770 -0.010 HK Land 7.390 +0.070 Stock name Close Change JMH 46.400 +1.300 JSH 28.460
      113 words
    • 2646 25 Transaction date: Jan 14 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.65 0.05 0 Aeon Stores 16.20 unch 0 Angang Steel 12.46 -0.06 5974 Anhui Conch 37.30 -0.05 5305 Anhuiexpresswa 6.61 unch 962 Asia Satellite 13.50 -0.10 110 Asm Pacific 99.75 0.15 537 Bank Of E Asia 35.15
      2,646 words
    • 186 25 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 12 2 0 0 0 4 12 2 Manufacturing 63 102 67 15 6 21 78 108 88 Commerce 30 27 25 5 11 4 35 38 29 Tpt/Stor/Comms 16 21 8
      186 words
    • 944 25 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 111 unch 11 111 111 111 111.8 506.7 1056 761 CIMBAsean40 100US$ US1027 -11 358 1031 1010
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    • 268 25 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 6000 AVJennings A46 -2 10 49 46 46.5 49.5 3.6 7.6 3.7 119.8 55 16 6017 Genting HK US$ US47 +0.5 ***** 48
      268 words
    • 123 25 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 308,623 308,623 473,958 473,958 Manufacturing 2,683,166 426,862 3,110,028 1,832,628 14,765 1,847,393 Commerce 590,020 256,261 846,281 843,893 24,910 868,803 Tpt/Stor/Comms 624,025 20,349 644,374 1,000,606 4,355 1,004,961 Finance 148,262 6 148,268 963,983 1 963,984 Construction 507,977 68,720
      123 words

  • Page 25 Advertisements
    • 26 25 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
      26 words

  • FINANCE & COMMODITIES
    • 374 26 In local curr In S$ In US$ dy yr dy yr dy yr Jan 14 Index Change Change Change Change Change Change World Index Preliminary 919.0 0.0 10.4 0.2 2.5 0.0 11.7 EAFE Preliminary 822.6 -0.2 4.8 0.0 -2.0 -0.2 6.8 Europe Preliminary 1198.9 -0.1
      374 words
    • 178 26 Jan 14 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.03 US$ 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 12
      178 words
    • 22 26 Jan 14 S$ Bid Offer 1-month 1.2867 1.2877 2-months 1.2867 1.2877 3-months 1.2866 1.2877 6-months 1.2865 1.2876 Source: OCBC
      22 words
    • 154 26 Jan 14 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Feb 11 554.0 473 Mar 11 551.0 551.0 551.0 1 450 Apr 11 551.0 450 May 11 551.0 184 Jun 11 551.0 358 Jul 11 551.0 144 Aug 11
      154 words
    • 107 26 Jan 14 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 11 1406.50 1410.00 1415.00 1399.50 Mar 11 1422.50 1416.00 1429.50 1405.00 May 11 1431.25 1425.25 1433.00 1414.75 Jul 11 1434.75 1429.50 1441.00 1418.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 11 56.70
      107 words
    • 77 26 CRUDE OIL PRODUCTS Jan 13 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 97.81 -0.26 WTI (Near Mth) 91.31 -0.44 Dubai (1-Mth F) 93.64 0.31 Tapis blend 102.50 0.60 Minas 98.30 0.60 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 93.78 -0.94 Jet Kerosene 110.70 0.80 US$/barrel Opec Oil
      77 words
    • 2747 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 31 -2 2085 1 10 -6 1.40 58 6221 Asia-Pacific Strategic W*****6 30.5 -3.5 70 1 150 11 5.31 40 6227 ASJ Hldgs W*****1 2 1
      2,747 words
    • 121 26 Jan 14 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.325 1.25 Can dollar 1.324 1.274 Euro 1.749 1.682 Sterling pound 2.076 1.997 NZ dollar 1.021 0.973 US dollar 1.306 1.256 Local dollars to 100 units of foreign
      121 words
    • 27 26 Jan 14 Open High Sett STI Jan 3246 SIMSCI Jan 385.5 385.8 383.5 Taiwan Jan 319.4 319.7 319.2 Source: MF Global (S) Pte. Ltd
      27 words
    • 61 26 Jan 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 11 3880 1444 Feb 11 3710 3692 3735 3692 739 9361 Mar 11 3678 3680 3724 3669 ***** ***** Apr 11 3633 3643 3687 3629 4827 *****
      61 words
    • 439 26 Jan 14 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.6450 0 4378 Jun11 99.5450 0 2474 Sep11 99.4150 0 535 Dec11 99.2400 0 1636 EUROYEN TIBOR FUTURES Mar11 99.6550 99.6575 99.6550 99.6575 100 2676 Jun11 99.6450 99.6450 99.6450 99.6450 75 1312 Sep11 99.6350 99.6350 99.6350
      439 words
    • 86 26 Jan 14 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 14.04.2011 0.35 1-Year BY*****N 01.11.2011 0.41 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 103.39 5-Year N*****0S 2.875 01.07.2015 106.81 107.10 106.85 7-Year N*****0Z
      86 words
    • 464 26 Jan 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.989 6.589 0.745 7.757 45.124 90.378 0.823 11.113 3.049 1.297 85.335 44.102 1.284 6.802 0.962 28.945 30.365 0.629 0.998 Canada 1.011 6.660
      464 words
    • 85 26 Jan 14 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • 138 26 Jan 14 GOLD (US$/oz) Jan 13 Jan 14 Hong Kong 1384.20 1373.00 Jan 14 Jan 13 London 1359.00 1384.15 1359.90 1384.90 Source: Thomson Reuters CAST BAR Jan 14 (S$) Selling Buying Kilobar 61,333.47 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 137 57 5gm 390 286 10gm 697
      138 words
    • 82 26 Jan 14 COCOA (£/tonne) Close Prev High/Low Mar 11 2006 1964 2011/1954 May 11 2007 1967 2014/1956 Jul 11 2015 1980 2023/1969 Sep 11 2017 1986 2025/1975 COFFEE (US$/tonne) Close Prev High/Low Jan 11 2121 2135 2145/2100 Mar 11 2124 2137 2152/2097 Jul 05 2146 2157 2169/2120 Jul 11
      82 words
    • 154 26 Jan 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2833 1.2850 0.9973 0.9978 Canadian dollar 1.2972 1.2988 1.0081 1.0086 Euro 1.7235 1.7251 1.3394 1.3396 NZ dollar 0.9892 0.9906 0.7687 0.7692 Sterling pound 2.0400 2.0421 1.5853 1.5857
      154 words
    • 71 26 Jan 14 Jan 14 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2452.75 2465.25 3 months 2472.00 2484.00 Copper, Grade A (US$/tonne) Cash 9661.75 9622.00 3 months 9650.00 9615.00 Lead (US$/tonne) Cash 2711.00 2659.00 3 months 2680.00 2635.00 Nickel (US$/tonne) Cash *****.75 *****.75 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words

  • 6793 27 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 STXPO TBN Camden/New Orleans/Tampico *Loads E./W.
    6,793 words
  • Page 27 Advertisements

  • Page 28 Advertisements
    • 29 28 I FREIGHT FORWARDER urgently needed by shippers I Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327
      29 words

  • BizIT
    • 640 29  -  Agreements in region underscore firm’s eagerness to protect market share in Asia By VICTORIA HO IN an Empire Strikes Back kind of situation, a number of governments across the fast-growing Asian mobile market have been partially successful in forcing BlackBerry maker Research
      REUTERS  -  640 words
    • 1139 29  -  With technology filtering down from top-range models, these mid-range cameras make compelling packages <cool stuff> By AMIT AMIT ROY CHOUDHURY GOING digital has allowed photography to become democratic. There are literally hundreds of millions of smartphones and compact point-and-shoot cameras in the hands
      1,139 words
    • 747 29  -  Products such as the iPhone are changing the paradigm for a wide range of industries <you say> By CHUA SOON GHEE The writer is vice-president at AT Kearney BY NOW, most readers, or at least many iPhone users, would have heard the story of the US
      747 words
    • 194 29 AFP [BERLIN] A German firm is poised to launch software allowing users to have photos uploaded to websites such as Facebook, MySpace and Flickr erased automatically after a certain time, its head said last week. The software should prevent the increasingly frequent occurrence
      AFP  -  194 words
    • 817 30  -  Expected fall for the year follows a record performance last year, when spending crossed US$38b globally, reports RAJU CHELLAM AFTER a record showing in 2010, sales of semiconductor equipment are set to drastically slow as the global economy takes a breather. Despite surging demand for
      Photo: Bloomberg  -  817 words
    • <what’s up>
      • 35 30 LIM Kok Hin has been appointed vice-president of the Canon’s business imaging solutions group. Von Chan assumes Mr Lim’s former position as director and general manager of the business solutions division.
        35 words
      • 38 30 ROBERT Bosch has made Martin Hayes its new South East Asia president and managing director. Mr Hayes will also run Singapore and Malaysia operations. He has spent 20 years in the Bosch group.
        38 words
      • 43 30 VINOD Kumar is Tata Communications’ new managing director and CEO. He replaces N Srinath who has been appointed as the MD and CEO of Tata Teleservices. Mr Srinath will continue to be a non-executive director on Tata Communications’ board.
        43 words
      • 24 30 ACISION has made Jorgen Nilsson its new chief operating officer. He assumes responsibility for the company’s worldwide sales and operations.
        24 words
      • 54 30  -  Compiled by VICTORIA HO EDGAR Dias is Brocade’s new regional director of enterprise business for Asia Pacific. He will be based in Singapore and will lead Brocade's enterprise strategy and manage its direct-touch sales force. Mr Dias joins Brocade from his post of sales
        54 words

  • Page 30 Advertisements
    • 181 30 FOR A REWARDING JOURNEY, FIRST STEP IS TO BEGIN WELL IIFL is proud to announce the launch of its trading operations'on SGX from 24th January 2011. On this occasion we will donate all commissions earned in the week from 24th to 28th January, to Community Chest. IIFL Foundation* also supports
      181 words
    • 8 30 YOU SAY Keeping up with innovation PAGE 29
      8 words