The Business Times, 19 January 2011

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Total Pages: 32
1 32 The Business Times
  • 24 1 THE BUSINESS TIMES S$1 .00 online at http://www.businesstimes.com.sg Sf£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, January 19,2011
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  • 631 1  -  By JOYCE HOOI [SINGAPORE] Remisiers will be soon be trading lunch-time for crunch-time. Yesterday, the Singapore Exchange (SGX) announced that it would start all-day continuous trading from March 1, in a move that will mark the end of the
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  • 704 1  -  Outfit controlled by Li Ka-shing plans mega SGX listing that could dwarf even SingTel’s ’93 debut By JOYCE HOOI [SINGAPORE] In what could trump SingTel’s record-setting initial public offering (IPO), Hong Kong-listed Hutchison Whampoa announced yesterday that it plans to spin off
    AFP FILE PHOTO  -  704 words
  • 141 1 GST INDEX 3,249.58 (+10.95) GST INDEX FUTURES 3,249 (+11) GSIMSCI 384.01 (+1.97) GSIMSCI FUTURES 384.50 (+2.10) FOREX US$ S$ US$ (S$ per US$) 1.286 (US$/S$ per 1.596 2.052 EURO (US$/S$/E) 1.335 1.717 Foreign currency per US$ S$ YEN 82.50 64.20 RM 3.058 2.378 HK$ 7.778 6.050 BAHT 30.58
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  • Page 1 Advertisements
    • 37 1 EXECUTIVE MONEY The extra cost of US ETFs PAGE 32 TransportHUB Bleak future for small cars seen I PAGE 24 Mercedes-Benz is S’pore’s top model I PAGE 24 STRAIT TALK Bunkering: Undervalued but vital I PAGE 22
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    • 12 1 COMMENTARY The good news about natural gas PAGE 20 8 '*****1 *****4
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    • 188 1 HOCK LOCK SIEW Rotary chalks up one success after another PAGE 5 ENERGY MARKET Power prices held down by competition PAGE 10 CATCH THE BE OVERSHADOWED. Prof. Jean-Louis Scartezzini, expetsf in solar energy ancJ building physics at the Swiss Federal Institute of Technology, Lausanne, Switzerland Noted Swiss researcher Jean-Louis Scartezzini
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  • TOP STORIES
    • 577 2 US$6b Hutchison port IPO to berth at S’pore IN what could trump SingTel’s record-setting initial public offering, Hong Kong-listed Hutchison Whampoa announced yesterday that it plans to spin off its port assets in Hong Kong and China into a separate listing on the Singapore Exchange. According to reports,
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    • 584 2  -  M’sian investment agency saw 39% growth last year; Iskandar doing well By in S JAYASANKARAN in Kuala Lumpur MALAYSIAN state-owned investment agency Khazanah Nasional delivered a glowing report card on its 2010 performance yesterday saying that its net worth (assets minus
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    • 455 2  -  By JOYCE HOOI [SINGAPORE] Eddie Teh, group chief executive officer of PSA International, is retiring at the end of August at the age of 62, BT has learnt. According to PSA’s internal communications which were dated Jan 18 and seen by BT,
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    • 591 2 Chief operating officer Tim Cook takes charge Bloomberg [SAN FRANCISCO] Tim Cook, stepping in for his boss Steve Jobs for the third time in seven years, faces the challenge of keeping up Apple Inc’s product development and girding the iPhone and iPad maker for
      Bloomberg; REUTERS  -  591 words
    • 455 4  -  This could help defuse tensions at Hu-Obama talks: market watchers By EMILYN YAP [SINGAPORE] The yuan climbed to a 17-year high against the US dollar yesterday in the coundown to Chinese President Hu Jintao’s meeting with US counterpart Barack Obama
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    • 643 4  -  Each winner may receive up to $390k worth of prizes By CHEN HUIFEN [SINGAPORE] Calling your wife for advice may be an unusual tip dished out by an award-winning entrepreneur, but Udders chief milkman David Yim is known to be non-conven-tional anyway. Dressed in
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    • 594 4  -  By in LYNETTE KHOO in Hong Kong THE initial public offer (IPO) pipeline in Hong Kong remains strong this year, and plans are afoot to launch stocks denominated in yuan and to make yuan bonds tradable here. To enable the listing and trading of
      REUTERS  -  594 words
    • 376 4  -  By KALPANA RASHIWALA [SINGAPORE] UOL Group has trumped five other contenders to bag the Lion City Hotel and adjoining former Hollywood Theatre site for $313 million. The unit land price for the Tanjong Katong-Gey-lang Road area properties, with a total
      376 words
    • 462 4  -  By UMA SHANKARI [SINGAPORE] Around 170 units in Roxy-Pacific Holdings’ 251-unit Spottiswoode 18 were snapped up at the project’s launch yesterday at an average price of $1,900 per square foot (psf) catching many market watchers by surprise. The project’s mostly small units
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  • Page 2 Advertisements
    • 185 2 FOR A REWARDING JOURNEY, FIRST STEP IS TO BEGIN WELL Have you marked the dates? 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
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  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 20 4 NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School For more information, please contact www.nep.ntu.edu.sg Annie at +65 6514 8376 or email nep@ntu.edu.sg
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  • COMPANY NEWS
    • 622 5  -  Profit up 14% at $81.7m if not for proposed SGX-ASX merger expenditure SINGAPORE EXCHANGE By JOYCE HOOI THE Singapore Exchange (SGX) posted a second-quar-ter net profit of $74.2 million, up 3.3 per cent from $71.8 million a year earlier. The results for the
      REUTERS  -  622 words
    • 528 5  -  By FELDA CHAY THE Singapore Exchange (SGX) is revving up its engine to pursue Japanese listings on the bourse, in particular those engaged in sectors such as offshore marine as well as property, said Ronald Tan, associate director of listings at
      528 words
    • 274 5  -  By NISHA RAMCHANDANI BANYAN Tree Holdings has closed its first renmin-bi-denominated private equity fund in China with capital commitments totalling 1.07 billion yuan (S$209 million). Banyan Tree, via its subsidiaries, has pledged to invest 57 million yuan in the Banyan Tree China
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    • 712 5  -  HOCK LOCK SIEW By RONNIE LIM FORGING strategies from challenges that’s what engineering, procurement and construction (EPC) specialist Rotary Engineering is cleverly doing. When the Singapore market for oil terminal projects (its forte) dried up as land-challenged Jurong Island quickly filled up following
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    • 363 7  -  DPU from listing date to year-end 4.31¢, 10.2% higher than 3.91¢ forecast By LYNN KAN K-GREEN Trust has posted a net profit of $8.73 million for the period from its listing on June 29 to Dec 31, 2010, 22 per cent higher than
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    • 471 7  -  RTO target’s mines not affected by Queensland floods By TEH SHI NING CONTEL Corporation has a new substantial shareholder. Singapore-based investor Patrick Tan Choon Hock has bought more than 70 million Contel shares since last Monday to raise his direct stake in the company to
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    • 502 7  -  Move to certify nanomiser emulsion fuel technology By VEN SREENIVASAN MAINBOARD-listed Transcu Group’s Japanese associate and joint venture partner, Nanomizer Pte Ltd, is collaborating with Japanese ship classification organisation Nippon Kaiji Kyokai (ClassNK) and Japanese shipbuilder Universal Shipbuilding Corporation (Universal) to certify its nanomiser
      FILE PHOTO  -  502 words
    • 644 9  -  Higher earnings, attractive valuations and ample liquidity are key: JPMorgan ASIAN FINANCIAL FORUM Reports by LYNETTE KHOO in Hong Kong CHINESE equities could rise by at least 20 per cent this year on the back of higher corporate earnings, attractive valuations and
      BLOOMBERG  -  644 words
    • COMPANY BRIEFS
      • 43 9 TT International’s executive directors, Sng Sze Hiang and Julia Tong, have had their bankruptcy applications withdrawn on the approval of the High Court. Mr Sng and Ms Tong will continue to serve as chief executive officer and executive director, respectively.
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      • 65 9 SUNMART Holdings has decided to postpone the proposed dual listing on the Kosdaq market of the Korea Exchange (KRX). Sunmart said this is because it has failed to reach an agreement on the subscription price of the depository receipt with the underwriter, Daewoo Securities
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      • 41 9 SAMUDERA Shipping Line Ltd said that it has entered into a contract to buy a container vessel for US$13.6 million. This is in line with its business strategy of gradually increasing its ratio of owned vessels.
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    • 546 9 But a challenge is to develop products to retain liquidity in HK WHILE it is early days for the yuan to become fully convertible or be a reserve currency, steps to internationalise the yuan have major implications for financial markets in the region,
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  • Page 5 Advertisements
    • 127 5 Chevrolet.com.sg CRUZE 1.6A LS WITH NAVTRAK: QUICKER, SMARTER Fr $69,999 with COE* GPS. DVD. MPB. REVERSE CAMERA. TOUCHSCREEN. More power on less fuel, more features as standard equipment. From the voice navigation on its integrated CPS system to the Reverse Parking Assist Camera, the NAVTRAK CPS and infotainment system makes
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  • SINGAPORE MARKETS
    • 598 6  -  Banks and F&N post eleventh-hour rises; second-liners and penny stocks in rotational play STOCKS R SIVANITHY Senior Correspondent AN UNCERTAIN and ultimately mixed session yesterday saw rotational playing of the second-line and penny stocks in low volume. The Straits Times Index (STI), however, enjoyed
      Source: Bloomberg  -  598 words
    • 4 6 DAILY
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    • 66 6 Jan 18 VALUE CLOSE BT OB/OS 43.00 -10.00 BT CADI -*****.00 -6.00 BT 10-day MA -*****.00 +4.00 FTSE ST Mid Cap 827.70 +1.40 FTSE ST Small Cap 616.54 -0.27 FTSE ST All Share 808.69 +2.31 FTSE ST China Top 306.12 +0.09 FTSE ST China 335.99 +1.33 FTSE
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    • 58 6 VOLUME Golden Agri 82,329,000 Transcu Grp 52,709,000 Genting SP 48,809,000 ChinaFibreT 45,558,000 *Genting HK US$ 34,090,000 Pteris 30,716,000 BerlianLaju 30,521,000 SM Summit 29,377,000 SunVic 29,072,000 Qingmei 26,860,000 VALUE($) Genting SP 106,983,544 Golden Agri 62,932,030 DBS Grp 47,411,632 UOB 41,694,020 Noble Grp 40,801,240 OCBC Bk 36,287,400 SembMar 35,579,610
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    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 5 7 0 0 0 4 5 7 Manufacturing 53 48 82 6 6 11 59 54 93 Commerce 12 21 36 2 3 7 14 24 43 Tpt/Stor/Comms 11 13 16
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    • BROKERS’ TAKE
      • 288 6 Jan 18 close: S$15.38 Kim Eng Research, Jan 18 SINGAPORE Airlines’ (SIA) December passenger load factor dipped 3.6 percentage points y-o-y but still remained healthy at 80.7 per cent. Cargo continued to outperform expectations, with load factor holding steady at 63.5 per cent. While loads have broadly flattened,
        Source: Bloomberg  -  288 words
      • 153 6 Jan 18 close: S$8.50 DMG Partners Research, Jan 18 SINGAPORE Exchange (SGX) has reported Q2 FY2011 (June year-end) net profit of S$74.2 million. Excluding the Australian Securities Exchange (ASX)-SGX transaction-re-lated costs of S$7.5 million, net profit would have been S$81.7 million, up 14 per cent y-o-y and in
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      • 259 6  -  Jan 18 close: S$5.28 DMG Partners Research, Jan 17 Compiled by LYNN KAN SEMBCORP Marine’s (SMM) subsidiary, Sembawang Shipyard, has won a newbuilding and three major upgrading contracts valued at S$215 million. The first contract is awarded by Teekay Shipping for the engineering, procurement, construction and commissioning of
        Source: Bloomberg  -  259 words
      • 135 6 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
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    • 119 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 26,917 26,917 55,128 55,128 Manufacturing 519,934 30,606 550,540 324,542 5,386 329,928 Commerce 61,048 15,858 76,906 76,644 2,026 78,669 Tpt/Stor/Comms 101,170 2,849 104,019 111,492 501 111,993 Finance 23,097 23,097 169,233 169,233 Construction 74,875 9,434 84,309 20,375
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    • 109 6 Stock name Close Change CapMallsAsia 1.960 +0.010 CapitaLand 3.750 +0.030 CapitaMall 1.900 CityDev 12.260 +0.140 ComfortDelGro 1.630 DBS Grp 14.760 +0.140 F&N 6.700 +0.220 Genting SP 2.190 +0.020 Golden Agri 0.760 -0.005 HK Land 7.510 +0.160 JMH 45.780 -0.980 JSH 27.900 -0.700 Jardine C&C 35.640 +0.340
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    • 483 6 CURRENCIES against the yen at 110.72 yen. Reuters [NEW YORK] The euro rose against the US dollar yesterday on buying by sovereign funds and strong German data, with more gains seen as expectations for higher interest rates assuage fears of fiscal woes on
      against the yen at 110.72 yen. – Reuters; REUTERS  -  483 words
    • 110 6 BY CENTS CLOSE UP DBXT FTVietnam 10US$ 4118 473.0 9.8 DBXT E50 10US$ 4210 172.2 3.3 DBXT Nifty 10US$ ***** 102.8 0.6 GLD 10US$ ***** 65.6 0.4 IS DJ US Tech 6712 60.4 0.7 Jardine C&C 3564 34.0 1.0 Lyxor Russia 10US$ 496 29.6 4.9 F&N 670 22.0 3.4
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    • 121 6 BY CENTS CLOSE DOWN JMH 4578-125.9 -2.1 JSH 2790 -90.0 -2.4 DBXT MSKorea 10US$ 6123 -45.0 -0.6 OCBC Bk 4.5%NCPS 100 ***** -24.0 -0.2 DBXT MSTHAI 10US$ 1561 -19.3 -1.0 Lyxor India Nifty 10 1615 -15.0 -0.9 OCC 3.93% NCPS10 9610 -10.0 -0.1 STI 2850BNPePW*****0 4.5 -8.5 -65.4 DairyFarm
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    • 5 6 DAILY
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  • Page 9 Advertisements
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  • SINGAPORE NEWS
    • 478 10  -  Wholesale electricity prices lower than vesting contract hedge price in 2010 By RONNIE LIM KEEN market competition among the power companieshere especially following the government’s divestment of the big three gencos to new foreign owners helped keep Singapore electricity prices down last year. Latest
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    • 760 10  -  Dissenting members want EGM to remove top office-bearers By GRACE LEONG THE brouhaha over whether the top office-bearers of the Singapore Law Society should travel businessclass has become a sideshow, with dissenting members now calling for the resignation of the president and the
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    • 558 10  -  Clans must evolve this way in order to remain relevant By CHEN HUIFEN [/(BY_NAME)]CHINESE clan associations have done well by evolving with the times but must continue doing so in order to remain relevant, said Minister Mentor Lee Kuan Yew. Speaking
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    • 267 10 Pictet-Absl Rtn Glo Cons-P EUR 14.01.2011 EUR 100.98 Pictet-Absl Rtn Glo Div-P EUR 14.01.2011 EUR 114.44 Pictet-Asian Equities Ex Japan-P USD 14.01.2011 USD 187.94 Pictet-Asian Local Currency Debt-P USD 14.01.2011 USD 136.84 Pictet-Biotech-P USD 17.01.2011 USD 312.83 Pictet-CHF Liquidity-P 14.01.2011 CHF 124.15 Pictet-Clean Energy-P USD 14.01.2011 USD 80.29
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    • SINGAPORE ROUNDUP
      • 127 10 THE unclaimed top prize of $80,000 from the McDonald’s Monopoly Game will go to the Straits Times School Pocket Money Fund (SPMF). The game, which is in its second year, ran from Oct 18 to Dec 8 last year. Auditors have confirmed that the top
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      • 132 10 THE Singapore Workforce Development Agency has revised the nursing care specialisation track of the Healthcare Support framework (HCS) under Singapore’s Workforce Skills Qualification (WSQ) System. It has appointed Singapore General Hospital’s (SGH) SingHealth Alice Lee Institute of Advanced Nursing (Alice Lee IAN) as a Continuing Education
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    • 676 10  -  99-year leasehold site can be used for condo project By KALPANA RASHIWALA IT’S only January and a second 99-year leasehold private housing site has been triggered from the government’s reserve list for the first half of this year a plot next to Bartley
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    • 469 10  -  $45m set aside to create better study environment By LINETTE LIM AN emphasis on oracy skills will take centre stage in the teaching of mother tongue languages to keep up with the “complex and unusual” language situation in Singapore. This was
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  • Page 10 Advertisements
    • 197 10 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF SABLE RESOURCES PTE LTD (In Members’ Voluntary Winding-Up) Company Registration No. *****7821H NOTICE IS HEREBY GIVEN pursuant to Section308oftheCompaniesAct,Cap.50, that a Final Meeting of the Members of the Company will be held at 100 Beach Road
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  • ECONOMY WATCH
    • 755 11 Economists call for more tightening to ward off threat from food price inflation Reuters [BEIJING] Asian policymakers presiding over a sturdy economic recovery can be forgiven if they felt smug watching Europe’s debt crisis and America’s budget woes mount. But fast-rising food and oil
      Reuters; AFP  -  755 words
    • 601 11 Eurozone pledge to bolster safety net fails to ease fears Bloomberg [NEW YORK] Treasuries gained, pushing 10-year yields toward the lowest level in four weeks, on speculation a European pledge to strengthen the safety net for the area’s most indebted nations won’t
      Bloomberg; BLOOMBERG FILE PHOTO  -  601 words
    • 445 11 Bloomberg [FRANKFURT] German investor confidence rose for a third month in January after the recovery in Europe’s largest economy strengthened and stocks extended gains. The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations, which aims to
      Bloomberg  -  445 words
  • Page 11 Advertisements

  • MALAYSIA/INDONESIA
    • 589 12  -  It aims for RM50b in investments, with sharper focus on local investors By PAULINE NG in Kuala Lumpur MALAYSIA approved RM47.2 billion (S$19.8 billion) in manufacturing investment last year, a 45 per cent jump over 2009 with the US being the biggest
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    • 276 12 Bloomberg [KUALA LUMPUR] Malaysia and Thailand will start cross-trading of shares by year-end as part of a plan to make South-east Asian markets more accessible and spur trading, Bursa Malaysia Bhd chief executive officer Yusli Mohamed Yusoff said. Singapore followed by the
      Bloomberg  -  276 words
    • 352 12  -  By CONRAD TAN TEMASEK Holdings has agreed to pay Indonesia a 15 billion rupiah (S$2.1 million) fine after it lost its fight in the country’s highest court against a 2007 ruling by the competition regulator there that it had breached antitrust laws. But
      352 words
  • Page 12 Advertisements
    • 3331 12 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com. SB (BLUECREST) DEVELOPMENT PTE. LTD. (Company Registration Number *****2900E) NEWSPAPER NOTICE Notice is hereby given pursuant to Sections 76(10)(h) and 76(12) of the Companies Act, Chapter 50 of Singapore (the "Companies Act"), that at an Extraordinary General Meeting of SB (Bluecrest) Development Pte.
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    • 1082 12 SB (NORTHPOINT) INVESTMENT PTE. LTD. (Company Registration Number *****8548E) (the "Company NEWSPAPER NOTICE Notice is hereby given pursuant to Sections 76(10)(h) and 76(12) of the Companies Act, Chapter 50 of Singapore (the "Companies Act"), that at an Extraordinary General Meeting of the Company deemed to have been duly convened and
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  • INDIA
    • 480 13 Net income rises 30%, boosted by orders from Hilton, Deutsche Bank Bloomberg [MUMBAI] Tata Consultancy Services Ltd, India’s largest software exporter, has reported record third-quar-ter profit after winning orders from Deutsche Bank AG and Hilton Worldwide Inc. Net income rose 30 per cent to
      Bloomberg  -  480 words
    • 293 13 AFP [NEW DELHI] Indian Prime Minister Manmohan Singh met his party supremo Sonia Gandhi yesterday ahead of what is widely expected to be a Cabinet reshuffle to try to reinvigorate the corruption-plagued government. Mr Singh and Mrs Gandhi, head of the ruling
      AFP  -  293 words
    • 307 13 Reuters [NEW DELHI] India’s trade minister said yesterday that a monetary policy may not be the right tool to fight high food inflation, in a strong political signal against a rate hike in next week’s central bank policy review. In a
      Reuters; AP  -  307 words
  • Page 13 Advertisements
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  • GREATER CHINA
    • 544 14 More than 20% of money invested went into red-hot property sector AFP [BEIJING] Foreign direct investment in China hit a record US$105.7 billion last year, the government said yesterday, highlighting growing confidence in the economy even as Beijing seeks to rein in growth.
      AFP  -  544 words
    • 186 14 Bloomberg [HONG KONG] Hong Kong’s unemployment rate fell to a two-year low, supporting consumer spending and economic growth in the city. The jobless rate for the three months through December was 4 per cent, the lowest level since November 2008, a government report
      Bloomberg  -  186 words
    • 311 14 AFP [BEIJING] China said yesterday its rare earth exports rose 14.5 per cent in the first 11 months of last year as prices more than doubled, with most of the shipments going to Japan, Europe and the US. Exports of the minerals 17 elements vital
      AFP  -  311 words
    • 480 14  -  By LEE U-WEN [SINGAPORE] China announced US$600 million worth of new deals with American firms yesterday, inked just 24 hours before President Hu Jintao was to land in Washington to begin a historic state visit. The six agreements signed in Texas by
      480 words
  • Page 14 Advertisements
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  • WORLD
    • 663 15 Move follows SEC scrutiny into possible breaches of security laws NYT [NEW YORK] Just more than a week after Goldman Sachs offered its most prized clients a chance to invest in Facebook, the firm on Monday withdrew the opportunity from US clients because
      NYT; AP  -  663 words
    • 268 15 Reuters [SEOUL] South Korea said yesterday that it had culled about 15 per cent of its combined pig and cattle population to contain outbreaks of foot-and-mouth disease, while it slaughtered 3 per cent of its poultry population against bird flu. Asia’s No
      Reuters  -  268 words
    • 438 16 Fresh round will be conducted in coming months Reuters [BRUSSELS] New tougher stress tests on Europe’s banks will be revealed within months, the European Union’s economy chief said on Monday, as the bloc embarked on a fresh bid to win back investor
      Reuters  -  438 words
    • 274 16 AFP [BRUSSELS] Belgium said on Monday that it would probe Apple’s policy of requiring newspapers and magazines to go through the iTunes store to sell subscriptions for the iPad tablet. Economy Minister Vincent Van Quickenborne asked the country’s competition watchdog to review whether Apple
      AFP  -  274 words
    • 595 16 Korea Development Bank also targeting Middle East and Africa Reuters [SEOUL] Korea Development Bank is in talks over a number of deals with Southeast Asia-based banks, including an estimated US$1 billion stake purchase, and is reviewing targets in Egypt, its chief executive
      Reuters; REUTERS  -  595 words
    • 209 16 Reuters [BANGKOK] Thailand’s Cabinet has agreed a supplementary budget worth up to 110 billion baht (S$4.6 billion) as the government expects revenue to exceed target in the fiscal year to September, Finance Minister Korn Chatikavanij said yesterday. Mr Korn said that the plan
      Reuters  -  209 words
    • 78 16 [RICHERENCHES, France] Members of the Black Diamond and Tuber Melanosporum (black truffle in latin) Gastronomy society pose with French priest Olivier Dalnet (second from left) holding baskets of the quest with truffles on January 16 after a truffle mass, which takes place every third Sunday of
      AFP  -  78 words
    • 399 16 It needs to refinance a US$1.1b loan due next year Reuters [MANAMA] Bahrain’s Arcapita, the Islamic investment firm that needs to refinance a US$1.1 billion loan due next year, said that it is conducting a rights issue to raise fresh funds from shareholders. Arcapita was badly
      Reuters  -  399 words
    • 630 17 Fresh demand gives companies low-cost financing for overseas acquisitions Bloomberg [OSAKA] Japan’s government bond yields, the lowest in the world, are fuelling demand for corporate debt, providing companies from Daikin Industries Ltd to Asahi Breweries Ltd with financing for international expansion. Daikin,
      Bloomberg  -  630 words
    • 170 17 Reuters [ZURICH] Swiss Life has bought the life insurance business from rival Nationale Suisse for an undisclosed sum, a deal that further expands the offering of Switzerland’s biggest dedicated life insurer. The takeover allows Swiss Life to lower its cost base via synergies
      Reuters  -  170 words
    • 432 17 Bloomberg [WASHINGTON} Rich shoppers are driving an increase in consumer spending, bolstering a recovery that masks reluctance among less affluent Americans to join in. Sales are up at Tiffany Co and Coach Inc, buoyed by demand for US$6,000 diamond pendants and US$1,200
      Bloomberg; AFP  -  432 words
    • 54 17 [LONDON] Young violinist Olivia Shotton from Hammersmith playing Mozart inside Waterloo Station near a Jubilee line interchange earlier this month. The BBC is encouraging commuters to listen to musicians playing in the busking areas of the Tube as part of its ‘The Genius of Mozart’ season.
      AP photo  -  54 words
    • 441 17 Those that inhibit economic expansion will be removed Bloomberg [WASHINGTON] President Barack Obama will order a review of US regulations to remove or overhaul those that inhibit economic expansion without helping consumers, advancing his outreach to the business community. Mr Obama wrote in an
      Bloomberg  -  441 words
    • 676 18 But it’ll release new stress tests on shaky banks in the second half of the year Reuters [BRUSSELS] European finance ministers agreed yesterday to take their time over beefing up the eurozone’s rescue fund and to publish new stress tests on the
      Reuters; BLOOMBERG  -  676 words
    • 542 18 AP [TOKYO] A record one-third of Japanese university students graduating this spring have not found jobs, underscoring dwindling career opportunities for young people even as companies post robust profits. The latest numbers released by the government yesterday were so bad that they prompted officials to
      AP  -  542 words
    • 276 18 AFP [LONDON] British annual inflation hit an eight-month high at 3.7 per cent in December, from 3.3 per cent in November, driven by higher air fares and rising fuel and food prices, official data showed yesterday. Consumer Price Index (CPI) inflation
      AFP  -  276 words
    • 280 18 AP [LONDON] Luxury goods maker Burberry plc said yesterday that full-year pre-tax profit will be at the top end of market forecasts following a 27 per cent gain in sales in the last three months of 2010. The company said that retail
      AP; AFP  -  280 words
    • 462 18 ANZ Bank warns that damage bill could reach A$20b AUSTRALIAN FLOODS Reuters [CANBERRA] Australia’s government is reportedly considering a taxpayer levy to help pay for massive flood rebuilding, while preserving the budget’s path back to surplus in 2012-13, as one major bank
      Reuters; AFP  -  462 words
    • 517 18 Bloomberg [CANBERRA] The south-eastern Australian state of Victoria evacuated five more townships as rivers swelled to record levels, while traffic returned to roads in Queensland’s capital of Brisbane after flood waters began to recede. Some 1,700 homes in 51 Victorian towns were
      Bloomberg  -  517 words
    • 513 19 It falls behind rivals, after departure of at least 30 senior investment bankers Bloomberg [LONDON] Bank of America Corp (BOA), hurt by an exodus of at least 30 senior investment bankers in Europe, is falling behind rivals fighting for a shrinking pool
      Bloomberg; AP  -  513 words
    • 509 19 Vendor brings it in so consumers can invest in real things Bloomberg [TOKYO] Makishi Rokugawa says he’s installing the first gold vending machines in central Tokyo so Japanese consumers can invest in “something real”. Space International Ltd, a company started by Mr Rokugawa
      Bloomberg; AFP  -  509 words
    • 693 19 NYT [NEW YORK] At a gala dinner next month, the developers Peter L and Anthony E Malkin are the leading contender for a Pinnacle Award, the real estate equivalent of a Golden Globe, for their US$81 million renovation of a building across West 34th
      NYT  -  693 words
    • 383 19 Reuters [DUBAI] Exchange operator Nasdaq Dubai yesterday unveiled new rules for initial public offerings (IPOs) and reporting requirements for listed firms as it seeks to boost liquidity and attract investors. New IPOs will need at least 400 “unique shareholders” or a
      Reuters  -  383 words
  • Page 15 Advertisements
    • 219 15 WiU you? Total Defence aims to strengthen Singapore's defence capability in all aspects military, civil, economic, social and psychological by involving all Singaporeans. The support of our employers in this cause is especially crucial, as they play a vital role in assisting their employees to fulfil their National Service (NS)
      219 words

  • Page 16 Advertisements
    • 79 16 Man Investments (Singapore) Pte Ltd ISIN-CODE NAME NAV DATE LU********** Man AHL Trend SGD Share SGD 98.75 10.01.11 Toss to the year of the Golden Rabbit. Prosperity Yu Sheng, Pen Cai and Set Menus. For reservations information, please call 6739 6666 or email f&breservation@orchardhotel.com.sg WINE DINE AND HOSPITALITY X 'tm,
      79 words

  • Page 17 Advertisements
    • 1714 17 MATS "YTTr^PQ Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES SB DEVELOPMENT PTE. LTD. (Company Registration Number *****3677G) (the "Company") NEWSPAPER NOTICE Notice is hereby given pursuant to Sections 76(10)(h) and 76(12) of the Companies Act, Chapter 50 of Singapore (the "Companies Act"), that at an Extraordinary General Meeting of SB Development
      1,714 words


  • Page 19 Advertisements
    • 1884 19 ~.`*<;|_(*-;'[@>[>&_?}}{_-.<_{{ IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF TRIGIANT GROUP PTE LTD (Co. Reg. No. *****2740H) NOTICE OF RESOLUTION FOR MEMBERS’ VOLUNTARY WINDING-UP (Pursuant to Section 290) At the Extraordinary General Meeting of the members of the above-named Company, duly convened and held
      1,884 words

  • EDITORIAL & OPINION
    • 500 20 EDITORIAL INDIAN politicians fear the humble onion as rising prices of this staple vegetable have, in the past, been a major cause of governments losing popular support. With onion prices soaring last month, the government of Prime Minister Manmohan Singh has been quick to try
      500 words
    • 845 20  -  THE BOTTOM LINE YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT FACED with galloping food inflation, the Reserve Bank of India (RBI) is likely to respond with tightening monetary measures. While this is expected
      845 words
    • 1091 20  -  It could become a substitute for petrol and oil in various sectors in the US over time By JOHN DEUTCH The writer is Institute Professor of Chemistry at the Massachusetts Institute of Technology and former US Undersecretary of Energy, Deputy Secretary of Defense, and
      AP  -  1,091 words
    • 841 21  -  Monetary matters aside, he has to be able to criticise politicians and, if necessary, publicly name and shame them By SYLVESTER EIJFFINGER, EDIN MUJAGIC Sylvester Eijffinger is professor of financial economics at Tilburg University in the Netherlands. Edin Mujagic is a monetary economist at
      Project Syndicate; AFP  -  841 words
    • 1177 21  -  By TOM RAUM AP THE United States just passed a dubious milestone: government debt surged to an all-time high, topping US$14 trillion US$45,300 for each and everyone in the country. That means Congress soon will have to lift the legal debt limit
      AP  -  1,177 words
    • 317 21  -  LETTER TO THE EDITOR Ang Hao Yao Singapore WHEN investors look at the top 20 shareholders list in the annual report of listed companies here, they will notice that for most companies, the list is dominated by the nominee companies of banks or broking houses. I
      317 words

  • Page 21 Advertisements
    • 103 21 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
      103 words

  • TransportHUB
    • 653 22 Shipowners say piracy has become an industry, want attention of UN AFP Bloomberg AP [COPENHAGEN] Danish shipping companies plan to draw attention to the mounting perils of piracy off Somalia in a meeting later this month with the world’s biggest shippers group, an
      AFP; Bloomberg; AP  -  653 words
    • 278 22 SGX '000 Jan 18 S$ +/-Vol CH Offshore 0.51 -0.01 52 Chuan Hup Hldg 0.25 -0.01 200 Cosco Corp 2.33 0.02 7855 CWT Ltd 1.16 0.01 5609 Ezra Hldgs 1.76 unch 4081 First Ship Lea 0.47 unch 1127 Freight Links 0.08 unch 1552 Grand Banks unch unch 0
      278 words
    • 317 22  -  By VEN VEN SREENIVASAN BRAZILIAN planemaker Embraer delivered 92 jets during the fourth quarter of 2010, 30 of which were to the commercial aviation market, 61 to executive aviation, and one to the defence segment. This brought the total deliveries for 2010
      FILE PHOTO  -  317 words
    • 1053 22  -  The industry has undergone much change and is expected to continue growing STRAIT TALK By DAVID HUGHES MARINE fuel, or bunkers, is not the most glamorous sector of the shipping industry. Youngsters may wish to go to sea, perhaps be the captain of a cruise ship
      1,053 words
    • TRANSPORT HUB: AVIATION
      • 602 23 It sold 644 planes worth over US$84 billion in 2010,19 more than Boeing Reuters [TOULOUSE, France] European planemaker Airbus celebrated a surprise win in the annual orders race against Boeing with the 10,000th plane sale in its 40-year history, part of a US$5
        Reuters; AFP  -  602 words
      • 3319 23 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi KU6457 1230 SQ456 1245 SQ457 1230 EY470 2200 VA7470 2200 Adelaide LH9771 1745 9W4082 2220 SQ278 1745 AF8088 2220 VS7278 1745 BA7382 2220 JL5083 2220 --MU8214 2220 QF82 2220 --LH9770 2350 SQ279 2350 VS7279 2350 Ahmedabad NH6293 0710 SQ531
        3,319 words
      • 679 23 Move signals a realignment of Brazil’s alliances Reuters [BRASILIA] New Brazilian President Dilma Rousseff has decided to delay awarding a multi-billion dollar Air Force jet contract and re-evaluate the finalists’ bids, in a move that could signal a realignment of Brazil’s strategic and defence
        Reuters  -  679 words
      • 365 23 Bloomberg [DUBAI] Deutsche Lufthansa AG’s bid to stop Dubai-based Emirates serving more German cities is part of a campaign to undermine its rival’s business model, Tim Clark, the Middle Eastern carrier’s president, said in an interview. Cologne-based Lufthansa has so far succeeded in lobbying to prevent
        Bloomberg  -  365 words
    • TRANSPORT HUB: LAND
      • 699 24  -  Entry-level buyers competing against pricier model buyers for Cat A COEs By SAMUEL EE THE number of small cars sold in Singapore has shrunk dramatically over the last 12 months and some concerned motor traders are wondering if the current COE categorisation based on
        ARTHUR LEE  -  699 words
      • 382 24 Bloomberg, Xinhua [HONG KONG] China’s southern Guangxi Zhuang autonomous region will make building a high-speed rail link from its main city of Nanning to connect to a planned Singapore-bound line its main task in the next five years, the ChinaDaily
        Bloomberg,; Xinhua; AP  -  382 words
      • 367 24 AP [WASHINGTON] The future of the United Auto Workers union is directly tied to its ability to sign up workers at US plants owned by for-eign-based car companies, the union’s leader said on Monday. In a speech to union members, UAW president Bob King
        AP; REUTERS  -  367 words
      • 635 24  -  European luxury marques increasing market share By SAMUEL EE THE Mercedes-Benz E-Class luxury sedan was Singapore’s most popular model in 2010 the first time that a premium model has been No 1 here. The Mercedes-Benz brand was Singapore’s top make in both 1995 and 1996
        635 words
      • 200 24 AFP [WASHINGTON] US carmaker General Motors has expanded a recall of certain 2011 model year trucks and SUVs to nearly 27,000 vehicles over potential problems with the rear axle cross pin. The original December recall of 1,262 US vehicles now includes 26,751
        AFP  -  200 words
  • Page 22 Advertisements
    • 55 22 AIR MACAU v'H l"J M "v- NX 859 SINGAPORE MACAU 0650-1030 MONDAY FRIDAY NX 860 MACAU SINGAPORE 0200-0550 MONDAY FRIDAY Direct flight to Macau on Business Class Fares from *$950 w *$1600 (rt) *$1000 each (min 2 to go) *Terms and conditions apply Contact us at 6226 1755 or your
      55 words

  • Page 23 Miscellaneous
    • 279 23 CRYPTIC CROSSWORD Across 1 Unselfish, good to score inside box (11) 9 Eternity embracing revolutionary left position (7) 10 Send back for example, a first soup (6) 12 Accuse one politician individually (7) 13 Struck and slapped initally with glove (7) 14 Smashes runs with boundaries (5) 15 Play patience
      279 words

  • Page 24 Advertisements

  • SINGAPORE STOCKS
    • 9007 25 Transaction date: Jan 18 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 -0.5 28 19 19 19 19.5 1.7 9.5 6.1 91 12 4.5 5834
      9,007 words
    • 1656 26 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 1181 t AA Grp 5 4 5 27.8 4.8 225 130 6222 t APStrategic 160 -6 29 168 160 159
      1,656 words
    • 9360 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.38/ APS Alpha Fund (USD)!** 1.07/ 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
      9,360 words
    • 838 26 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 112 +1 2 112 112 111 123 511.3 1070 761 CIMBAsean40 100US$ US1031 +1 13 1031 1030
      838 words
    • 258 26 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 6000 AVJennings A47 unch 4 47 47 47 49 3.6 7.4 3.8 122.4 55 16 6017 Genting HK US$ US48 unch ***** 49
      258 words


  • FINANCE & COMMODITIES
    • 374 27 In local curr In S$ In US$ dy yr dy yr dy yr Jan 17 Index Change Change Change Change Change Change World Index Preliminary 920.1 -0.1 10.5 -0.2 2.6 -0.1 11.9 EAFE Preliminary 820.4 -0.3 4.5 -0.4 -2.3 -0.3 6.5 Europe Preliminary 1196.2 -0.2
      374 words
    • 177 27 Jan 18 $S Offer Bid 0vernight 0.04 0.02 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.02 US$ 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
      177 words
    • 22 27 Jan 18 S$ Bid Offer 1-month 1.2851 1.2861 2-months 1.2851 1.2861 3-months 1.2851 1.2861 6-months 1.2854 1.2864 Source: OCBC
      22 words
    • 121 27 Jan 18 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.32 1.246 Can dollar 1.33 1.279 Euro 1.743 1.676 Sterling pound 2.09 2.01 NZ dollar 1.022 0.974 US dollar 1.31 1.26 Local dollars to 100 units of foreign
      121 words
    • 27 27 Jan 18 Open High Sett STI Jan 3249 SIMSCI Jan 381.6 384.5 384.5 Taiwan Jan 317.6 321.2 319.7 Source: MF Global (S) Pte. Ltd
      27 words
    • 65 27 Jan 18 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 11 3694 3729 3732 3694 349 8684 Mar 11 3660 3715 3723 3660 2907 ***** Apr 11 3611 3670 3676 3610 ***** ***** May 11 3552 3612
      65 words
    • 439 27 Jan 18 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.6450 0 3378 Jun11 99.5500 0 974 Sep11 99.4400 0 714 Dec11 99.2750 0 1636 EUROYEN TIBOR FUTURES Mar11 99.6575 300 2976 Jun11 99.6450 0 1262 Sep11 99.6300 99.6300 99.6300 99.6325 0 822 Dec11 99.6175 0
      439 words
    • 152 27 Jan 18 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Feb 11 556.0 552.0 556.0 52 Mar 11 554.0 551.0 554.0 24 Apr 11 554.0 554.0 554.0 4 May 11 554.0 551.0 554.0 48 Jun 11 554.0 551.0 554.0
      152 words
    • 86 27 Jan 18 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 21.04.2011 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 103.40 5-Year N*****0S 2.875 01.07.2015 106.80 106.85 106.80 7-Year N*****0Z
      86 words
    • 107 27 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 27 CRUDE OIL PRODUCTS Jan 17 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 97.86 -0.35 WTI (Near Mth) 90.95 -0.61 Dubai (1-Mth F) 92.91 -0.03 Tapis blend 102.90 0.85 Minas 98.70 0.85 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 96.67 1.61 Jet Kerosene 111.00 0.55 US$/barrel Opec Oil
      77 words
    • 2524 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 30.5 unch 137 1 10 -5 1.39 58 6221 Asia-Pacific StratW*****6 30.5 1 150 13 5.25 40 6227 ASJ Hldgs W*****1 2 1 4 3.00 13
      2,524 words
    • 464 27 Jan 18 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.982 6.569 0.747 7.758 45.414 90.404 0.823 11.121 3.050 1.292 85.506 44.431 1.282 6.856 0.956 28.953 30.497 0.625 0.997 Canada 1.018 6.687
      464 words
    • 85 27 Jan 18 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • 139 27 Jan 18 GOLD (US$/oz) Jan 17 Jan 18 Hong Kong 1362.00 1367.00 Jan 14 Jan 17 London 1359.00 1359.30 1359.90 1360.10 Source: Thomson Reuters CAST BAR Jan 18 (S$) Selling Buying Kilobar 60,893.70 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 136 57 5gm 387 284 10gm 692
      139 words
    • 71 27 Jan 17 Jan 17 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2415.25 2452.75 3 months 2435.00 2472.00 Copper, Grade A (US$/tonne) Cash 9648.00 9661.75 3 months 9630.00 9650.00 Lead (US$/tonne) Cash 2672.50 2711.00 3 months 2641.00 2680.00 Nickel (US$/tonne) Cash *****.00 *****.75 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • 154 27 Jan 18 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2816 1.2832 0.9972 0.9977 Canadian dollar 1.3045 1.3064 1.0150 1.0157 Euro 1.7157 1.7176 1.3350 1.3354 NZ dollar 0.9919 0.9940 0.7718 0.7728 Sterling pound 2.0508 2.0526 1.5957 1.5959
      154 words
    • 82 27 Jan 17 COCOA (£/tonne) Close Prev High/Low Mar 11 2005 2006 2023/1976 May 11 1999 2007 2014/1972 Jul 11 2001 2015 2018/1979 Sep 11 1996 2017 2011/1977 COFFEE (US$/tonne) Close Pev High/Low Jan 11 2135 2121 2135/2135 Mar 11 2140 2124 2147/2124 Jul 05 2163 2146 2168/2140 Jul 11
      82 words

  • 5901 28 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.
    5,901 words
  • Page 28 Advertisements

  • Page 29 Advertisements
    • 29 29 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

  • Page 30 Advertisements
  • executive Money
    • 1420 30  -  It will take control from parent Allianz after assets at the bond manager jumped six-fold, reports SREE VIDYA BHAKTAVATSALAM reports SREE VIDYA BHAKTAVATSALAM Bloomberg [BOSTON] ImfuthveaptraN A step toward more independence, Pacific Investment Management Co (Pimco) is taking control of fund sales from parent
      Bloomberg; BLOOMBERG  -  1,420 words
    • 1019 30 Banks are expected to record US$70b in profits in 2010 NYT [NEW YORK] Investors in bank stocks are about to get a big cut of the profits again. Financial analysts say the nation’s largest banks are ready to begin restoring their
      NYT; AFP  -  1,019 words
    • 1030 31  -  The issues that dominated the economic landscape last year are probably going to continue resonating this year MONEY MATTERS HAREN SHAH The writer is senior investment strategist, wealth management, Citi Asia-Pacific MARKETS have started the year smartly, buoyed by renewed optimism about the US
      Source: MSCI, Factset, Datastream, Citi Investment Research and Analysis (Nov 17,2010)  -  1,030 words
    • 783 32  -  The US withholding tax on dividends is akin to an income tax for foreign investors, and adds to an ETF’s cost, reports GENEVIEVE CUA reports GENEVIEVE CUA A SUBSTANTIAL number of Asian investors trade exchange-traded funds (ETFs) on US exchanges, not realising that nonUS
      783 words
    • 650 32 NYT [NEW YORK] Stock market bulls have at least two reasons for optimism: Corporate earnings have continued to climb, and sentiment on Wall Street has improved sharply in the last several weeks. In theory, this could provide more fuel for the stock market rally.
      NYT; AP  -  650 words

  • Page 31 Advertisements
    • 229 31 Success is not a destination It's a Journey. -,**•> \> 'f 'r v. *>«.. «v_-X.V-. v A*.. 3t?%> iiL v ''..;v- V ,'w r?T Sjjkl* v .V. •-> "5, Y v !c. V > x*'" V', > PU*'* H: 1 .g'yjSS": S3 Jv -T\ $fe "v ■g& .C V SSL
      229 words

  • Page 32 Advertisements
    • 175 32 If you feel you are missing something, you probably are. A. m iShares* Keep evolving iShares has a comprehensive toolbox of ETFs globally across all asset classes, geographies, and sectors. Learn how easily iShares ETFs can help you complete your portfolio. We keep evolving so that you keep evolving too.
      175 words