The Business Times, 22 January 2011
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2011-01-22
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The Business Times
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Title Section13 2011-01-22 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg JANUARY 22 -23, 2011 S$1.00 MICA (P) 139/08/201013 words
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Article126 2011-01-22 1 Xinhua Singapore SINGAPORE is likely to hold general elections in the second quarter of this year, Foreign Affairs Minister George Yeo said yesterday. Mr Yeo said he has been advising members of his party to be prepared after the budget debate in March,Xinhua - 126 words
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331 2011-01-22 1 Siow Li Sen - By Siow Li Sen lisen@sph.com.sg Singapore PROPERTY bubbles can build up quickly and the authorities are resolved to tackle these risks, says Monetary Authority of Singapore (MAS) MD Heng Swee Keat. In tackling these asset bubbles, policymakers must communicate clearly their resolve and the331 words
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Article962 2011-01-22 1 Nisha Ramchandani, Grace Leong - Many restaurants, hotels are fully booked for the entire Chinese New Year period while retailers are ringing in a nice holiday hongbao By Nisha Ramchandani, Grace Leong nishar@sph.com.sg gleong@sph.com.sg Singapore THE Year of the Rabbit could usher in a bumper harvest this Chinese New Year holiday962 words
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Page 1 Advertisements
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Advertisement53 2011-01-22 1 www.businesstimes.com.sg MOTORING Mercedes CLS 63: A high speed cruiser l18-19 1^ 1 UMINOR 9 PAN ERAI 6 PAN ERAI LABORATORIO DI IDEE. LUMINOR 1950 MARINA 3 DAYS AUTOMATIC Automatic mechanical movement P.9000 calibre, two spring barrels, 3-day power reserve. Water-resistance 300 metres. Steel case 44 mm 0. Steel buckle. Tel:+6553 words
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Advertisement9 2011-01-22 1 the raffles conversation HIROSHIWATANABE, PRESIDENT CEO OF JBIC 8-99 words
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Advertisement10 2011-01-22 1 SMART MONEY Investing with leverage 30-31 LIVING Back to basics10 words
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TOP STORIES
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Article, Illustration58 2011-01-22 2 NEWS Top Stories 2-6 Raffles Conversation 8-9 Week In Review 10 Companies 11-14 From The Desk Of 15 Singapore 16-18 World 19-20 Stocks Stats 21-25 Perspective 26-27 Wealth 28-35 Smart Money 30-31 Househunt 34 Real Estate 35 LIVING Watches L2-4 Gadgets L5 Dining L6-9 Shopping L10-12 Health L13 Home&58 words
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Article, Illustration705 2011-01-22 2 Chen Huifen - Their business confidence level rises to second highest in region, after Vietnam. Almost half also plan to expand staff despite expected slower growth this year By Chen Huifen xuifen@sph.com.sg Singapore SINGAPORE small and medium-sized enterprises are generally more confident about their businessSource: HSBC Business - 705 words
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Article140 2011-01-22 2 H STI 3,184.60 (-20.88) H STI FUTURES 3,184 (-21) H SIMSCI 377.69 (-1.82) H SIMSCI FUTURES 377.30 (-1.70) STOCKS Friday Change KL COMP 1,547.43 -19.08 NIKKEI 225 10,274.52 -162.79 HANG SENG 23,876.86 -126.84 SET 1,006.57 -15.59 JAKARTA 3,379.54 -74.57 MANILA 3,951.04 -55.20 KOSPI 2,069.92 -36.74 SHENZHEN B 824.61 +14.61140 words
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Article, Illustration532 2011-01-22 4 Beijing won’t pursue expansionist policy; military is only for self-defence, he adds Bloomberg Reuters Washington CHINESE President Hu Jintao told business executives in Washington that closer ties between his country and the US were critical amid a “tortuous” global economic recovery. “InBloomberg; Reuters; BLOOMBERG - 532 words
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Article43 2011-01-22 4 IN “Nifty work as SGX puts Indian lawsuit rumour to rest” (BT, Jan 20), we said in the second paragraph that it was Nifty futures that SGX plans to launch. It should have been Nifty options. We are sorry for the error.43 words
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472 2011-01-22 4 Polls show voters are appreciative of his job performance AFP Washington US President Barack Obama passed the halfway point of his four-year term on Thursday and revealed he is already plotting to win a second, boosted by a sudden upswing in popularity. MrAFP - 472 words
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708 2011-01-22 5 Grace Leong - Ruling could mitigate lawsuits between suppliers, contractors hurt by Indo sand ban By Grace Leong gleong@sph.com.sg Singapore A COURT of Appeal decision made public yesterday found supplier Holcim (Singapore) Pte Ltd has grounds to invoke a force majeure clause for its failure to708 words
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402 2011-01-22 5 Siow Li Sen - By Siow Li Sen lisen@sph.com.sg Singapore THE euro will continue to weaken over the next two years but the currency is not in crisis, contrary to many headlines, said Commerzbank executives. There is pessimistic talk within the eurozone and less so402 words
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Article, Illustration505 2011-01-22 6 Conrad Tan - Its office spans 513,000 sq ft over 24 floors of Tower 1; and it has the largest trading room in Asia, occupying 65,000 sq ft across 3 levels By Conrad Tan conradt@sph.com.sg Singapore STANDARD Chartered yesterday opened its biggest office yet, which also boasts the largest505 words
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Page 3 Advertisements
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Advertisement25 2011-01-22 3 sr w\ THE ETERNAL COLLECTION tnS«^K "S5 r .^p ># -V t c J* c*«x ilwfe j 5 •^w:_-g®£ ""V > Mr* W&Mi: M ,V .;vf r-T-W-'25 words
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Page 5 Advertisements
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Advertisement109 2011-01-22 5 AT SWISS-GARDEN, BUSINESS AND PLEASURE DO IN FACT, MIX PRETTY WELL. MEETINGS SEMINARS TEAM BUILDINGS GOLFING AT SWISS-GARDEN COMPLIMENTARY ROUND OF GOLF AT SWISS-GARDEN GOLF RESORT SPA DAMAI LAUT COMPLIMENTARY NON MOTORIZED ACTIVITIES COMPLIMENTARY TELEMATCHES FOR MEETING PACKAGES FROM SUNDAYS TO THURSDAYS FROM S$ 86 PER ROOM PER NIGHT s109 words
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Page 7 Advertisements
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Advertisement477 2011-01-22 7 ABOUT US An Integrated Tin Mining and Smelting Group Public Offer Now Open! Third largest supplier of tin metal globally in 2009* Integrated tin mining and smelting capabilities with operations mainly in Malaysia and Indonesia Customers mainly based in Asia, in particular the PRC, Japan and Korea Focused on sustainable477 words
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THE RAFFLES CONVERSATION
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Article, Illustration2314 2011-01-22 8/9 Anthony Rowley - Japan Bank for International Cooperation’s Hiroshi Watanabe his insight on the developm shares his insight on the development of infrastructure, finance and agriculture in Asia.By Anthony Rowley Agricultural renovation is also important. I think within two or three decades we are going to have shortages ofREUTERS - 2,314 words
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WEEK IN REVIEW/WEEK AHEAD
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THIS WEEK Jan 17-21, 2011
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43 2011-01-22 10 THE instant success of shoebox residential units has drawn some developers to adopt the same strategy forindustrial projects to target investors and speculators thwarted by restrictions on trading in residential properties introduced over the past year.43 words
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45 2011-01-22 10 FOREIGN investors withdrew a 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 years.45 words
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56 2011-01-22 10 BOLD proposals in Hong Kong to improve an already laudable corporate governance regime could serve as a guide to Singapore, say corporate governance advocates here. One is a limit on the number of independent non-executive director positions an individual may hold an issue56 words
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42 2011-01-22 10 DECEMBER may have been chilly in the rest of the world, but for Singapore’s property market, it was simply sizzling. The latest numbers underscore the backdrop against which the authorities introduced last week’s cooling measures.42 words
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48 2011-01-22 10 IN a case that could impact the stockbroking industry, Kim Eng Securities has sued a former dealer for more than $2 million the result of losses incurred on her clients’ accounts at the dawn of the recent financial crisis.48 words
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61 2011-01-22 10 IN what could trump SingTel’s record-setting initial public offer, Hong Kong-listed Hutchison Whampoa announced on Tuesday that it plans to spin off its port assets in Hong Kong and China into a separate listing on the Singapore Exchange. The listing of Hutchison61 words
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39 2011-01-22 10 THE Singapore Exchange announced on Tuesday that it would start all-day continuous trading from March 1, in a move that will end the market’s cherished 90-minute lunch break.39 words
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64 2011-01-22 10 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 rivalry with Google Inc. Mr Jobs, who has been receiving64 words
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57 2011-01-22 10 A CROP of Singaporean dotcoms are trying to cash in on what ap- pears to be the latest money-spin-ner on the Internet: consumer mass-buying. The sites offer heavy discounts on products and services provided they can get a minimum number of buyers57 words
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37 2011-01-22 10 THE Singapore Exchange and the Bombay Stock Exchange have rejected a report saying that BSE plans to sue SGX over Nifty options that the latter is launching.37 words
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Article, Illustration76 2011-01-22 10 IN the lead-up to President Hu Jintao’s visit, China and the US have struck trade deals worth US$45 billion, including a US$19 billion pur- chase of Boeing aircraft, a senior Washington official said on Wednesday. CAPITAL TALK Former secretary of state HenryAP - 76 words
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35 2011-01-22 10 HONG Kong could start having listed securities denominated in yuan this year. It is also looking at improving liquidity of the Chinese currency to support yuan-denomi-nated IPOs.35 words
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41 2011-01-22 10 EVEN as global private equity and venture capital funds are flocking to China in search of companies, entrepreneur-turned-investor John Wu says that Singapore SMEs are ideal for rich Chinese looking to diversify their assets.41 words
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Article83 2011-01-22 10 US DATA Jan 25 January consumer confidence Jan 26 December new home sales FOMC rate decision Jan 27 Initial claims SINGAPORE DATA Jan 24 Dec consumer price index Jan 26 Dec index of industrial production Jan 28 Dec producer, international trade price indices EVENTS Jan83 words
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Page 10 Miscellaneous
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Miscellaneous354 2011-01-22 10 CRYPTIC CROSSWORD Across 1 One who follows another about in a branch of learning (10) 9 It hinges on the number of spectators attending (4) 10 Robust shoes will be (4,2,4) 11 One’s getting in support to carry on the fight (6) 12 Impressed by a stockholder perhaps (7) 15354 words
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Miscellaneous15 2011-01-22 10 SATURDAY with Ludwig ‘Please read your e-books just think of them as long SMS messages15 words
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COMPANIES
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Article, Illustration850 2011-01-22 11 Felda Chay - Bursa Malaysia firm offers 25m shares at $1.75 each for SGX listing By Felda Chay feldac@sph.com.sg IN a move that will make it the first company since 1989 to be listed on both sides of the Causeway, Malaysia Smelting Corporation (MSC) has launched850 words
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453 2011-01-22 11 Ven Sreenivasan - Response follows move to fine US unit over safety violation By Ven Sreenivasan ven@sph.com.sg A DAY after reporting strong fourth-quarter order numbers, ST Aersopace issued a letter complaining about a proposed fine of US$1.025 million by the US Federal Aviation Administration (FAA) for alleged workplace453 words
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300 2011-01-22 11 Ven Sreenivasan - By Ven Sreenivasan ven@sph.com.sg SINGAPORE Airlines and subsidiary SilkAir will be raising their fuel surcharge for tickets issued on or after Jan 27, in response to the recent rise in the price of jet fuel. The price of jet300 words
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Article, Illustration597 2011-01-22 12 R Sivanithy - stocks| Interestingly from a contrarian viewpoint, Bank of America-Merrill Lynch also reported that commodities investment has fallen, with a net 16% of asset allocators overweight the asset class compared with 22% a month ago. R Sivanithy sivan@sph.com.sg Senior correspondent LAST week’s column597 words
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Article110 2011-01-22 12 VOL CLOSE GoldenAgri 234,297 71 -3.0 -4.1 NexGenSComW*****2 82,968 3 0.5 20.0 NexGenSCom 73,034 6 0.0 0.0 RafflesEdu 68,666 34.5 2.5 7.8 GentingSP 55,721 215 -1.0 -0.5 NobleGrp 47,161 220 -7.0 -3.1 ChinaGaoxian 34,128 42 0.0 0.0 BerlianLaju 28,349 5.5 0.0 0.0 Contel 26,283 5 0.0 0.0110 words
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Article107 2011-01-22 12 Stock name Close Change CapMallsAsia 1.910 CapitaLand 3.640 -0.040 CapitaMall 1.910 +0.020 CityDev 11.680 -0.040 ComfortDelGro 1.620 +0.020 DBS Grp 14.820 +0.060 F&N 6.420 -0.070 Genting SP 2.150 -0.010 Golden Agri 0.710 -0.030 HK Land 7.140 JMH 44.200 -1.300 JSH 27.080 -0.420 Jardine C&C 34.420 -0.280 Keppel Corp107 words
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Article59 2011-01-22 12 BY CENTS CLOSE UP DBXT SPASX200 10US$ 3357 27.0 0.6 DBXT FTVietnam 10US$ 3836 11.6 0.2 OCC 5.1% NCPS 100 ***** 10.0 0.1 Straits Trdg 406 8.0 2.0 DBXT MSINDIA 10US$ 1042 7.7 0.6 DBS Grp 1482 6.0 0.4 Sunpower 51 5.5 12.1 MOIL 224 5.1 1.8 SGX59 words
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Article61 2011-01-22 12 BY CENTS CLOSEDOWN GLD 10US$ ***** -200.5 -1.2 JMH 4420 -167.1 -2.9 DBXT MSKorea 10US$ 5995 -164.5 -2.1 IS DJ US Tech 6635 -124.6 -1.4 DBXT Nifty 10US$ ***** -111.8 -0.7 DBXT MSINDO 10us$ 1222 -75.8 -4.6 DBXT FTChina25 10US$ 3180 -74.5 -1.8 DBXT MSTHAI 10US$ 1521 -69.461 words
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Article193 2011-01-22 12 Emilyn Yap - By Emilyn Yap emilyny@sph.com.sg CAPITAMALLS Asia (CMA) has raised $200 million by offering one-year and three-year bonds to retail and institutional investors. The public offer, comprising $100 million of bonds, attracted applications amounting to some $181.7 million when it closed on Monday. Retail investors193 words
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Article, Illustration491 2011-01-22 14 Felda Chay - Payout hurt by a higher interest expense from loans, convertible bonds By Felda Chay feldac@sph.com.sg SUNTEC Real Estate Investment Trust (Suntec Reit) ended a lacklustre year with a 19.8 per cent year-on-year drop in its payout to unitholders for the fourth quarter impacted by aFILE PHOTO - 491 words
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216 2011-01-22 14 THE interim judicial managers of troubled Chinese apple juice maker New Lakeside Holdings Ltd yesterday said that they have received copies of court documents regarding a seizure order dated Jan 19. The seizure resulted from the default on the repayment of loans216 words
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280 2011-01-22 14 Emilyn Yap - By Emilyn Yap emilyny@sph.com.sg FIRST Real Estate Investment Trust (First Reit) yesterday posted a gross revenue of $7.65 million for the fourth quarter ended Dec 31, 2010. This is 0.2 per cent down from a year ago. Net property income slipped 0.3280 words
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Article393 2011-01-22 14 Felda Chay - Boost comes from 28 properties injected into portfolio By Felda Chay feldac@sph.com.sg THE 28 service residence properties that Ascott Residence Trust (ART) injected into its portfolio in October last year has helped it to notch a 16 per cent jump in payout to393 words
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Page 11 Advertisements
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Advertisement42 2011-01-22 11 BEST BUNGALOWS IN SENTOSA COVE FOR SALE (Serious Sellers) OCEAN DRIVE Rare Unblocked Sea View 7,900/5,900 sqft Modern Design, 6 +1 Audio Room Pool TREASURE ISLAND 8,400/6,500 sqft 5 +1 +1 Audio Room Pool Berth for boat c R E 9487 039642 words
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Page 12 Advertisements
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Advertisement968 2011-01-22 12 _**&.}@=%=}*_:](?~;(*)",>\^*?@< IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF ARCHIPELAGO ENERGY TRADING PTE. LTD. (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration No. *****2027C) NOTICE IS HEREBY GIVEN that it was resolved at an Extraordinary General Meeting of member of the abovenamed company held on 14968 words
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Page 13 Advertisements
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Advertisement123 2011-01-22 13 What am I doing this book forP I want your readers to know the hard truths. If you bolieve that this superstructure is the same as other countries in our range, you are dead wrong. Lee Kuan' 32 hours o journalists have shap the world, questions Includes D Lee Kuan123 words
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FROM THE DESK OF
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Article, Illustration878 2011-01-22 15 Jeff Hoffman - When business strategies and practices reflect responsible behaviour, it can become a competitive advantage from the desk of Jeff Hoffman President Jeff Hoffman Associates, Global Philanthropy and Civic Engagement ~Mr Hoffman is the former vice-president of Disney Worldwide Outreach for The Walt Disney Company. He will be878 words
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SINGAPORE
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142 2011-01-22 16 MEMBERS of the public may now inspect the revised Register of Electors at the Elections Department, the 105 community centres and clubs in Singapore, and the Singapore diplomatic missions in Canberra, Beijing, Shanghai, Hong Kong, Tokyo, London, Washington, San Francisco and New York. Citizens142 words
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Article, Illustration394 2011-01-22 16 Maxie Aw Yeong - It will take up 5.7 ha of land or 12-15 times that of a typical CC today By Maxie Aw Yeong maxieay@sph.com.sg SINGAPORE’S first cycling town, Tampines, will soon also house the first integrated lifestyle hub. Minister for National Development Mah Bow TanPEOPLE’S ASSOCIATION - 394 words
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333 2011-01-22 16 Teh Shi Ning - Limited edition of his book raises over $600k By Teh Shi Ning tshining@sph.com.sg SINGAPORE is not yet a nation, Minister Mentor Lee Kuan Yew said yesterday at the launch of the book Lee Kuan Yew: Hard Truths to keep Singapore going. “A nation333 words
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Article, Illustration309 2011-01-22 17 Lee U-Wen - PM Lee thanks him for helping to create modern, forward-looking Muslim community By Lee U-Wen leeuwen@sph.com.sg THE Muslim community said a big “thank you” last night to the man who had served them for the past 39 years. Former mufti Syed Isa Semait wasFILE PHOTO - 309 words
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310 2011-01-22 17 Yi Shyan notes need to integrate foreigners The Business Times HUMAN capital has distinguished resource-poor Singapore from its competition in the last 30 years, and will be crucial for the coming 30 years too. “Talent management cannot, therefore, be an afterthought, nor relegatedThe Business Times - 310 words
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245 2011-01-22 17 THE top sources of tourists for Singapore are India, Malaysia and Hong Kong, according to a survey by Visa and the Pacific Asia Travel Association. The survey conducted in 2010 covered some 6,700 people in 13 markets in the245 words
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287 2011-01-22 17 IBM IS the company most professionals here desire to work for, according to a recent survey by executive search firm PeopleSearch and Boardroom Research. Procter Gamble and Citibank were the next most popular employers, said the survey of 455 professionals above287 words
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528 2011-01-22 18 Malminderjit Singh - Strained resources, low jobless rate have led to lack of spare capacity By Malminderjit Singh msingh@sph.com.sg INFLATION is the greatest risk facing economic growth in Singapore and other emerging economies in the region this year, say several leading regional economists. Manu Bhaskaran,528 words
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Briefing
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90 2011-01-22 18 ONLINE donations to the Community Chest have increased three times over the past four years, from about $180,000 in fiscal 2007 to about $500,000 in the first three quarters of fiscal 2010. The jump in online donations serves as an indication of affirmation90 words
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95 2011-01-22 18 THE new global office of MHI Industrial Engineering Servic- es (MIES), a group company of Mitsubishi Heavy Industries Ltd (MHI), was officially opened yesterday by Leo Yip, Chairman of the Economic Development Board. The new global office will function as a base for95 words
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63 2011-01-22 18 Nanyang Technological University and memsys Clearwater are tying up to enhance a pat- ented technology to treat water contaminated with oil. The project recently received a $400,000 grant from the Environment and Water Industry Programme Office. If successful, the patented memsys membrane distillation63 words
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52 2011-01-22 18 THIRTY NINE young scientists have been awarded the Singapore National Research Foundation (NRF) Fellowship, which will allow them to carry out cutting-edge research locally. The fellowship will provide up to $3 million in research funding support over five years. NRF received 174 applications from52 words
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414 2011-01-22 18 Linette Lim - It aims to develop 30 hotels across Asia By Linette Lim llinette@sph.com.sg CINNOVATION CG from Nepal and Thailand’s InVision Hospitality have formed a joint venture to develop 30 hotels across Asia by 2013. The new company, Zinc Invision Hospitality, has set up an investment414 words
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192 2011-01-22 18 SEVERAL organisations got onboard the upcoming Sino-Singapore Guangzhou Knowledge City by signing agreements to invest in it. Hitachi will be setting up a Hitachi Smart City R&D Centre in the city. The centre will focus on issues relevant to the creation of “smart cities”192 words
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Page 16 Advertisements
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Advertisement15 2011-01-22 16 www.omy.sg /r/r /J\ s *^8*«6 6 *«<!«* 5S J t™^<44 a Ce/i blog.omy.sg/she911 <%j /.as. 9hvw15 words
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WORLD
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548 2011-01-22 19 Goldman Sachs, JPMorgan, Morgan Stanley and Citigroup to pay out a combined US$84.4 billion or US$141,000 on average Bloomberg London IT’S bonus seasonfor Wall Street, and while Goldman Sachs Group’s employees are learning the extent of their 2010 payBloomberg - 548 words
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Article, Illustration316 2011-01-22 19 Bloomberg Beijing CHINA’S 10.3 per cent economic growth last year drove the biggest increase in the nation’s rural incomes in a quarter of a century, bolstering efforts to spur consumption in the world’s most populous nation. In the countryside, per capita net incomeBloomberg; AFP - 316 words
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326 2011-01-22 19 AP San Francisco HEWLETT-Packard Co’s decision to replace a third of its board of directors is the latest milestone in a marathon management makeover that the technology icon hopes will allow it to move on after a series of managementAP - 326 words
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Article, Illustration431 2011-01-22 20 Page becomes CEO, Schmidt stays on as executive chairman AP San Francisco WHEN Google Inc went public in 2004, the three men running the company promised each other that they would remain a ruling triumvirate for at least 20 more years. Although their commitment to workAP - 431 words
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471 2011-01-22 20 Anthony Rowley - By Anthony Rowley btworld@sph.com.sg Tokyo THE“windowof opportunity”forJapantoinfluence future economic negotiations and agreements will close before long if Japan does not join the Trans-Pacific Partnership (TPP) soon, a captain of industry said here yesterday. “Japanwillbeplacedatasignificantdisadvantage” if it does not apply for membership471 words
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393 2011-01-22 20 Pauline Ng - Reit sees 4-5% growth in DPU for this year By Pauline Ng btworld@psh.com.sg Kuala Lumpur CAPITAMALLS Malaysia Trust (CMMT) achieved a distributable income of RM24.8 million (S$10.4 million) for the fourth quarter ended December and will distribute 1.84 sen per unit to393 words
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SGX
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Article10902 2011-01-22 24 Transaction date: Jan 21 Transaction date: Jan 21 Transaction date: Jan 21 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 3148 8Telecom 19 unch 80 19 18.5 19 19.510,902 words
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Article186 2011-01-22 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 10 3 0 0 0 3 10 3 Manufacturing 46 49 83 4 8 8 50 57 91 Commerce 15 21 30 2 5 6 17 26 36 Tpt/Stor/Comms 11 13 16186 words
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Article848 2011-01-22 24 For week beginning Jan 17 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Chuan Hup Hldgs Ltd 20-Jan-11 Peh Kwee Chim Buy 987 0.26 *****7 34.11 *****4 34.22 The Style848 words
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Article119 2011-01-22 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 38,334 38,334 109,023 109,023 Manufacturing 381,868 17,027 398,895 302,938 1,900 304,838 Commerce 178,219 16,555 194,774 184,026 2,053 186,079 Tpt/Stor/Comms 133,448 1,844 135,292 237,257 422 237,679 Finance 28,157 28,157 253,975 253,975 Construction 27,048 9,751 36,799 7,327119 words
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Article118 2011-01-22 25 Jan 21 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.311 1.237 Can dollar 1.316 1.266 Euro 1.765 1.698 Sterling pound 2.086 2.006 NZ dollar 0.999 0.952 US dollar 1.308 1.258 Local dollars to 100 units of foreign currency: Currencies Sell118 words
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Article, Illustration58 2011-01-22 25 YTD change:-0.171% 52-week high: 3,313.61 onNov9,2010 52-week low: 2,648.15 on May 25,2010 Source: Bloomberg YTD change: +3.653% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 18,971.50 on May 27,2010 Source: Bloomberg Bloomberg YTD change: +2.119% 52-week high: 11,861.20 on Jan 19, 2011 52-week low: 9,614.32 on July 2,Source: Bloomberg - 58 words
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374 2011-01-22 25 In local curr In S$ In US$ dy yr dy yr dy yr Jan 20 Index Change Change Change Change Change Change World Index Preliminary 909.8 -0.9 9.3 -0.7 1.6 -1.3 10.5 ‡EAFE Preliminary 815.1 -1.0 3.9 -1.3 -2.8 -1.9 5.8 Europe Preliminary 1184.8 -1.0374 words
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Article154 2011-01-22 25 Jan 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2695 1.2711 0.9879 0.9884 Canadian dollar 1.2889 1.2908 1.0030 1.0037 Euro 1.7383 1.7401 1.3528 1.3531 NZ dollar 0.9711 0.9731 0.7557 0.7567 Sterling pound 2.0469 2.0489 1.5929 1.5932154 words
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Article, Illustration21 2011-01-22 25 YTD change: -3.304% 52-week high: 3,186.72 on Nov 11,2010 52-week low: 2,319.74 on July 2,2010 Source: BloombergSource: Bloomberg - 21 words
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Article82 2011-01-22 25 Jan 20 COCOA (£/tonne) Close Prev High/Low Mar 11 2128 2055 2130/2058 May 11 2102 2042 2105/2045 Jul 11 2095 2046 2099/2055 Sep 11 2091 2043 2094/2054 COFFEE (US$/tonne) Close Pev High/Low Jan 11 2108 2110 2105/2080 Mar 11 2115 2119 2122/2076 Jul 05 2142 2144 2147/2100 Jul 1182 words
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Article93 2011-01-22 25 Jan 20 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Mar 11 1414.*****1.*****1.*****3.50 May 11 1424.*****2.*****1.*****3.75 Jul 11 1430.*****8.*****7.*****9.75 Aug 11 1404.*****1.*****0.*****2.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Mar 11 57.26 57.69 57.90 55.54 May 11 57.72 58.16 58.35 56.41 Jul 11 58.15 58.57 58.7693 words
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Article, Illustration19 2011-01-22 25 YTD change: +.446% 52-week high: 11,408.10 on April 5,2010 52-week low: 8,796.45 on Sept 1,2010 Source: BloombergSource: Bloomberg - 19 words
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Article65 2011-01-22 25 Jan 21 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 11 3815 3809 3850 3811 327 7545 Mar 11 3769 3796 3841 3755 2455 ***** Apr 11 3718 3748 3797 3708 ***** ***** May 11 3662 369365 words
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Article75 2011-01-22 25 Jan 20 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 96.57 -1.99 WTI (Near Mth) 88.62 -2.17 Dubai (1-Mth F) 93.07 -0.41 Tapis blend 102.40 -0.50 Minas 98.35 -0.50 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.89 -1.22 Jet Kerosene 110.69 -0.75 US$/barrel Opec Oil Basket Price75 words
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Article71 2011-01-22 25 Jan 20 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2383.00 2406.00 3 months 2408.00 2430.00 Copper, Grade A (US$/tonne) Cash 9368.00 9592.00 3 months 9355.00 9575.00 Lead (US$/tonne) Cash 2480.00 2562.00 3 months 2437.00 2531.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article68 2011-01-22 25 Jan 21 GOLD (US$/oz) Jan 21 Jan 20 Hong Kong 1349.*****4.30 Jan 20 Jan 19 London 1348.*****1.34 1349.*****2.11 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 35.33 35.10 Source: UOB PLATINUM Lon (US$/oz) Jan 20 Close Previous PM Fix 1809.*****5.00 AM Fix 1823.*****6.00 Source: Thomson Reuters PLATINUM /NYMEX68 words
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PERSPECTIVE
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Article, Illustration849 2011-01-22 26 / 27 Robert Samuelson - The 60s’ history is a reminder that the US has been through this before and that with time, luck and leadership, America has the capacity for self-repair Robert Samuelson The Washington Post Writers Group WE ARE, it’s said, now living through the most wrenching periodThe Washington Post Writers Group; AFP - 849 words
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Article, Illustration829 2011-01-22 26 / 27 Anthony Rowley - Anthony Rowley Tokyo correspondent JAPAN’S Prime Minister Naoto Kan is nothing if not ‘pragmatic’. To have brought Kaoru Yosano, a former finance minister and political opponent from the opposition Liberal Democratic Party (LDP), into his Cabinet as a kind of economic supremo suggests a829 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1076 2011-01-22 28 / 29 Genevieve Cua - Investing in an agribusiness equities fund lets you profit from rising demand as well as supply shocks and do good along the way. By Genevieve Cua By Genevieve Cua gen@sph.com.sg FOOD prices are making headlines amid adverse weather conditions, raising the spectre of a food and inflationAP - 1,076 words
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BROKERS' TAKE
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Article308 2011-01-22 28 / 29 Hold DBS Group Research Jan 21 Close: $0.465 FOURTH-QUARTER 2010 revenue of US$24.1 million was up 3 per cent q-o-q but operating profit was down 19 per cent q-o-q, owing to lower bareboat equivalent rentals received from the product tankers as well as drydocking costs for308 words
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Article477 2011-01-22 28 / 29 Conrad Tan - Hold Compiled by Conrad Tan OCBC Investment Research Jan 21 Close: $1.91 CAPITAMALL Trust’s (CMT) Q4 2010 gross revenue of $151.3 million rose 8 per cent y-o-y and 2.1 per cent q-o-q. Similarly, net property income increased 5.7 per cent y-o-y and 0.25 per cent q-o-q to $101.5477 words
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Article, Illustration1720 2011-01-22 32 Robert Doll - Equity markets will remain volatile but still see gains in a cyclical recovery amid ongoing structural problems wealth insight Robert Doll Chief equity strategist (fundamental equities) BlackRock Inc IN AN economic environment likely to be characterised by a modest cyclical recovery combined with ongoing structuralAFP - 1,720 words
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Article, Illustration815 2011-01-22 33 Its emerging-market vehicle trumps rival’s, demonstrating that investors are migrating to the cheapest offerings Bloomberg Boston VANGUARD Emerging Market ETF became the third-largest US exchangetraded fund this week, surpassing a rival BlackRock Inc fund that just a year ago was twice as big, and adding toBloomberg; AFP - 815 words
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SMART MONEY
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Article2237 2011-01-22 30 / 31 Genevieve Cua - A look at how two instruments extended settlement contracts and contracts for difference work. By Genevieve Cua gen@sph.com.sg IF you are an experienced investor looking to invest with leverage, there are a number of avenues you can take. This edition of Smart Money tackles two forms of2,237 words
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Article654 2011-01-22 30 / 31 Genevieve Cua - By Genevieve Cua TRADING on leverage may seem attractive because of the potential for outsized gains, but it isn’t appropriate for everyone. Traditionally, stock investors here trade with leverage using a margin account which can be opened with any stock brokerage. In the last few years,654 words
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WEALTH REAL ESTATE
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1131 2011-01-22 34 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 7 NON-LANDED The Bencoolen Apt 27/12/2010 99 829 1100 1327 District 8 NON-LANDED Citylights Apt 28/12/2010 991,131 words
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970 2011-01-22 35 It may jump as much as 15% in 2011 after a 13% gain in 2010: Savills, Jones Lang LaSalle Bloomberg Hong Kong SARAH Cheung was bracing for a rent increase on her apartment inHong Kong’sHappy Valleydistrict ahead of the expiration of herBloomberg - 970 words
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Article, Illustration288 2011-01-22 35 Singapore ASIAN investors interested in owning a piece of Switzerland will be glad to know that 29 apartments at Mer de Glace Hotel and Spa are available to foreigners. This is the first chalet-style apartment and hotel complex in Nendaz. According to Jeremy Rollason,288 words
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Page 30 / 31 Advertisements
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Advertisement27 2011-01-22 30 / 31 This monthly column on financial products is sponsored by MoneySENSE, a national financial education programme in Singapore. Find out more about other common financial products at www.moneysense.gov.sg27 words
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Page 36 Advertisements
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Advertisement46 2011-01-22 36 M AUDEMARS PIGUET le maitre de I'horlogerie depuis 1875 ft k A m £Sa x X > s 1 i I <b I li e L f Vii i !i Q:( <U m V SJ ROYAL OAK EQUATION OF TIME For enquiries, Tel (65) 6238 6678 www.audemarspiguet.com46 words
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Page 1 Advertisements
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Advertisement51 2011-01-22 1 LivingTHEBUSINESSTIMESWEEKEND|JANUARY22-*****1BTTHE BUSINESS TIMES WEEKEND JANUARY 22-23 GADGETS Nifty tools L5 BACK TO BASICS Salon Internationale de Haute Horlogerie L2-4 SHOPPING Oriental oomph L10-12 PHOTOS: GREUBEL FORSEY, PARMIGIANI, PANERAI NO HOLDS BARRED Hosting World Cup L16 GOLF Making the grade L17 MOTORING Merc CLS 63 AMG L18-19 DINING Unique gourmet snacks51 words
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BT Living
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WATCHES
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Article, Illustration1955 2011-01-22 2/3 Dylan Tan - The Swiss watch industry might look like they’re playing it safe, but there are still enough thrills at SIHH. Dylan Tan reports from Geneva Dylan Tan dylantan@sph.com.sg DEALERS, retailers and journalists walked into a very sober 21st edition of the annual Salon Internationale de Haute Horlogerie (SIHH)1,955 words
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GADGETS
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Article, Illustration921 2011-01-22 5 Christopher Lim - It’s no secret that the average mobile phone can take the place of several devices camera, notepad, voice recorder and laptop but some hardcore accessories made for Apple’s portable gadgets extend their capabilities in unexpectedly delightful ways. By Christopher Lim By Christopher Lim limchris@sph.com.sg iDevices iGrill (US$99.99) SOME cooks921 words
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DINING
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Article, Illustration2437 2011-01-22 6 / 7 Melissa Lwee; Jaime Ee, Melissa Lwee - Wading through the deluge of new and old offerings designed to make your visitors fat, Jaime Ee and Melissa Lwee create their own festive snack platter Make a statement with your Chinese New Year snack tray and serve up these unconventional gourmet snacks made with such artisanal flairPHOTOS: JASON TAN; PHOTO OF FRESHLY BAKED RABBIT JELLY BY YEN MENG JIIN - 2,437 words
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SHOPPING
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Article, Illustration1371 2011-01-22 10 / 11 Dress up your home in a stylish way this festive season as Melissa Lwee draws up a Chinese New Year shopping guide based on the tips given by four design experts mellwee@sph.com.sg Patty Mak Designer, Suying Design TIPS You can dress up a very basic looking home simplyJOHN HENG - 1,371 words
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HEALTH
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Article, Illustration1080 2011-01-22 13 Chong Yeh Woei - Protect the lining in your arteries by watching your diet, exercising consistently and reducing stress. By Chong Yeh Woei stress.By Chong Yeh Woei ~Dr Chong is a physician at Singapore Medical Specialists Centre; president, Singapore Medical Association and chairman, Private Practice Committee of the1,080 words
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HOME & GARDEN
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Article, Illustration1142 2011-01-22 14/15 Geoffrey Eu - and Jonathan Brand havpersonaspacethe isLia have developed a knack for selecting art that works best for them. personal space| By Geoffrey Eu btnews@sph.com.sg COLLECTING art is one thing but displaying it well is an art in itself, especially when space is limited and youPHOTOS BY YEN MENG JIIN - 1,142 words
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SPORT
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Article, Illustration558 2011-01-22 16 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor IF SOUTH-EAST Asia gets its wish, the likes of Brazil, Spain, and Argentina could well be contesting the World Cup final right on our doorstep. Singaporeans, of course, will hope that the new558 words
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Article, Illustration568 2011-01-22 16 Christy Simson - kick off with Christy Simson Christy Simson THE standard line from the football journalists in Doha is that this year’s Asian Cup has been well organised but lacking in atmosphere. In other words, Qatar’s compact size makes it easy to get around, theAP - 568 words
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GOLF
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Article, Illustration1120 2011-01-22 17 Justine Moss - BT Weekend singles out some golfers who should make a splash in 2011. By Justine Moss btnews@sph.com.sg ANEW year in professional golf brings a new batch of “rookies” in 2011 who have secured their playing privileges on the global men and women tours with the opportunity toPHOTOS: AFP, GETTY IMAGES - 1,120 words
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MOTORING
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Article, Illustration609 2011-01-22 18/19 Samuel Ee - The Mercedes-Benz CLS 63 AMG is one spacious high-speed cruiser.By cruiser.By Samuel Ee WHENEVER the term “high-performance” is mentioned in the automotive context, it is invariably associated with words such as “rough” or “raw”, or worse, “uncomfortable”. While some high-end customers may not mind the latter adjectives, most609 words
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Article, Illustration402 2011-01-22 18/19 Samuel Ee - By Samuel Ee samuelee@sph.com.sg THE Mercedes-Benz CLS 63 AMG is a modified CLS-Class with a brand new 5.5-litre V8 bi-turbo engine pumping out 525 horses and 700 Newton-me-tres of torque. But, if that is still not enough, it can be further souped-up with a “Performance package”. Called not402 words
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Article, Illustration674 2011-01-22 20 Samuel Ee - The Mini Cooper S Countryman offers a roomy cabin with easy ingress and egress. By Samuel Ee samuelee@sph.com.sg THE first time you see a Mini Cooper S Countryman in the metal is probably the first time you realise how big it is. It may have the familiar674 words
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Advertisement785 2011-01-22 8 / 9 wine&dine with BTWeekend Pine Court Chinese Restaurant Mandarin Orchard Singapore Level 35, Orchard Wing 333 Orchard Road Z6831–6288 Ascend 35 stories of the Orchard Wing and arrive in style at Pine Court Chinese Restaurant, the home of authentic Cantonese cuisine. Delight in traditional signature dishes such as Classic Peking Duck,785 words
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