The Business Times, 22 January 2011

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Total Pages: 46
1 20 The Business Times
  • 13 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg JANUARY 22 -23, 2011 S$1.00 MICA (P) 139/08/2010
    13 words
  • 126 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
  • 331 1  -  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 the
    331 words
  • 962 1  -  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 holiday
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  • Page 1 Advertisements
    • 53 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:+65
      53 words
    • 9 1 the raffles conversation HIROSHIWATANABE, PRESIDENT CEO OF JBIC 8-9
      9 words
    • 10 1 SMART MONEY Investing with leverage 30-31 LIVING Back to basics
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  • TOP STORIES
    • Article, Illustration
      58 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&
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    • 705 2  -  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 business
      Source: HSBC Business  -  705 words
    • 140 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 +14.61
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    • 532 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. “In
      Bloomberg; Reuters; BLOOMBERG  -  532 words
    • 43 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.
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    • 472 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. Mr
      AFP  -  472 words
    • 708 5  -  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 to
      708 words
    • 402 5  -  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 so
      402 words
    • 505 6  -  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 largest
      505 words

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  • Page 5 Advertisements
    • 109 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 s
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  • Page 7 Advertisements
    • 477 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 sustainable
      477 words

  • THE RAFFLES CONVERSATION
    • 2314 8/9  -  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 of
      REUTERS  -  2,314 words

  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK Jan 17-21, 2011
    • 83 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 Jan
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  • Page 10 Miscellaneous
    • 354 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) 15
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    • 15 10 SATURDAY with Ludwig ‘Please read your e-books just think of them as long SMS messages
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  • COMPANIES
    • 850 11  -  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 launched
      850 words
    • 453 11  -  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$1.025 million by the US Federal Aviation Administration (FAA) for alleged workplace
      453 words
    • 300 11  -  By Ven Sreenivasan ven@sph.com.sg SINGAPORE Airlines and subsidiary SilkAir will be raising their fuel surcharge for tickets issued on or after Jan 27, in response to the recent rise in the price of jet fuel. The price of jet
      300 words
    • 597 12  -  stocks| Interestingly from a contrarian viewpoint, Bank of America-Merrill Lynch also reported that commodities investment has fallen, with a net 16% of asset allocators overweight the asset class compared with 22% a month ago. R Sivanithy sivan@sph.com.sg Senior correspondent LAST week’s column
      597 words
    • 110 12 VOL CLOSE GoldenAgri 234,297 71 -3.0 -4.1 NexGenSComW*****2 82,968 3 0.5 20.0 NexGenSCom 73,034 6 0.0 0.0 RafflesEdu 68,666 34.5 2.5 7.8 GentingSP 55,721 215 -1.0 -0.5 NobleGrp 47,161 220 -7.0 -3.1 ChinaGaoxian 34,128 42 0.0 0.0 BerlianLaju 28,349 5.5 0.0 0.0 Contel 26,283 5 0.0 0.0
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    • 107 12 Stock name Close Change CapMallsAsia 1.910 CapitaLand 3.640 -0.040 CapitaMall 1.910 +0.020 CityDev 11.680 -0.040 ComfortDelGro 1.620 +0.020 DBS Grp 14.820 +0.060 F&N 6.420 -0.070 Genting SP 2.150 -0.010 Golden Agri 0.710 -0.030 HK Land 7.140 JMH 44.200 -1.300 JSH 27.080 -0.420 Jardine C&C 34.420 -0.280 Keppel Corp
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    • 59 12 BY CENTS CLOSE UP DBXT SPASX200 10US$ 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 SGX
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    • 61 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 -69.4
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    • 193 12  -  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 investors
      193 words
    • 491 14  -  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 a
      FILE PHOTO  -  491 words
    • 216 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 loans
      216 words
    • 280 14  -  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 0.3
      280 words
    • 393 14  -  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 to
      393 words
  • Page 11 Advertisements
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  • Page 12 Advertisements
    • 968 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 14
      968 words

  • Page 13 Advertisements
    • 123 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 Kuan
      123 words


  • FROM THE DESK OF
    • 878 15  -  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 be
      878 words

  • SINGAPORE
    • 142 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. Citizens
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    • 394 16  -  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 Tan
      PEOPLE’S ASSOCIATION  -  394 words
    • 333 16  -  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 nation
      333 words
    • 309 17  -  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 was
      FILE PHOTO  -  309 words
    • 310 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 relegated
      The Business Times  -  310 words
    • 245 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 the
      245 words
    • 287 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 above
      287 words
    • 528 18  -  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
    • Briefing
      • 90 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 affirmation
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      • 95 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 for
        95 words
      • 63 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 distillation
        63 words
      • 52 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 from
        52 words
    • 414 18  -  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 investment
      414 words
    • 192 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
  • Page 16 Advertisements



  • WORLD
    • 548 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 pay
      Bloomberg  -  548 words
    • 316 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 income
      Bloomberg; AFP  -  316 words
    • 326 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 management
      AP  -  326 words
    • 431 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 work
      AP  -  431 words
    • 471 20  -  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 membership
      471 words
    • 393 20  -  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 to
      393 words





  • SGX
    • 10902 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 $mil 21 14.5 3148 8Telecom 19 unch 80 19 18.5 19 19.5
      10,902 words
    • 186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 10 3 0 0 0 3 10 3 Manufacturing 46 49 83 4 8 8 50 57 91 Commerce 15 21 30 2 5 6 17 26 36 Tpt/Stor/Comms 11 13 16
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    • 848 24 For week beginning Jan 17 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Chuan Hup Hldgs Ltd 20-Jan-11 Peh Kwee Chim Buy 987 0.26 *****7 34.11 *****4 34.22 The Style
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    • 119 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 38,334 38,334 109,023 109,023 Manufacturing 381,868 17,027 398,895 302,938 1,900 304,838 Commerce 178,219 16,555 194,774 184,026 2,053 186,079 Tpt/Stor/Comms 133,448 1,844 135,292 237,257 422 237,679 Finance 28,157 28,157 253,975 253,975 Construction 27,048 9,751 36,799 7,327
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    • 118 25 Jan 21 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.311 1.237 Can dollar 1.316 1.266 Euro 1.765 1.698 Sterling pound 2.086 2.006 NZ dollar 0.999 0.952 US dollar 1.308 1.258 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • Article, Illustration
      58 25 YTD change:-0.171% 52-week high: 3,313.61 onNov9,2010 52-week low: 2,648.15 on May 25,2010 Source: Bloomberg YTD change: +3.653% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 18,971.50 on May 27,2010 Source: Bloomberg Bloomberg YTD change: +2.119% 52-week high: 11,861.20 on Jan 19, 2011 52-week low: 9,614.32 on July 2,
      Source: Bloomberg  -  58 words
    • 374 25 In local curr In S$ 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 -1.0
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    • 154 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 1.5932
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    • 21 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: Bloomberg
      Source: Bloomberg  -  21 words
    • 82 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$/tonne) Close Pev High/Low Jan 11 2108 2110 2105/2080 Mar 11 2115 2119 2122/2076 Jul 05 2142 2144 2147/2100 Jul 11
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    • 93 25 Jan 20 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Mar 11 1414.*****1.*****1.*****3.50 May 11 1424.*****2.*****1.*****3.75 Jul 11 1430.*****8.*****7.*****9.75 Aug 11 1404.*****1.*****0.*****2.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Mar 11 57.26 57.69 57.90 55.54 May 11 57.72 58.16 58.35 56.41 Jul 11 58.15 58.57 58.76
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    • Article, Illustration
      19 25 YTD change: +.446% 52-week high: 11,408.10 on April 5,2010 52-week low: 8,796.45 on Sept 1,2010 Source: Bloomberg
      Source: Bloomberg  -  19 words
    • 65 25 Jan 21 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 11 3815 3809 3850 3811 327 7545 Mar 11 3769 3796 3841 3755 2455 ***** Apr 11 3718 3748 3797 3708 ***** ***** May 11 3662 3693
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    • 75 25 Jan 20 CRUDE US$/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 Price
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    • 71 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$/tonne)
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    • 68 25 Jan 21 GOLD (US$/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 /NYMEX
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  • PERSPECTIVE
    • 849 26 / 27  -  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 period
      The Washington Post Writers Group; AFP  -  849 words
    • 829 26 / 27  -  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 a
      829 words

  • Wealth
    • WEALTH INVESTING
      • 1076 28 / 29  -  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 inflation
        AP  -  1,076 words
      • BROKERS' TAKE
        • 308 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 for
          308 words
        • 477 28 / 29  -  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 $101.5
          477 words
      • 1720 32  -  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 structural
        AFP  -  1,720 words
      • 815 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 to
        Bloomberg; AFP  -  815 words
    • SMART MONEY
      • 2237 30 / 31  -  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 of
        2,237 words
      • 654 30 / 31  -  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
    • WEALTH REAL ESTATE

  • Page 30 / 31 Advertisements
    • 27 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.sg
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  • Page 1 Advertisements
    • 51 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 snacks
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  • BT Living
    • WATCHES
      • Article, Illustration
        1955 2/3  -  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
    • GADGETS
      • Article, Illustration
        921 5  -  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 cooks
        921 words
    • DINING
      • 2437 6 / 7  -  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 flair
        PHOTOS: JASON TAN; PHOTO OF FRESHLY BAKED RABBIT JELLY BY YEN MENG JIIN  -  2,437 words
    • SHOPPING
      • Article, Illustration
        1371 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 simply
        JOHN HENG  -  1,371 words
    • HEALTH
      • 1080 13  -  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 the
        1,080 words
    • HOME & GARDEN
      • 1142 14/15  -  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 you
        PHOTOS BY YEN MENG JIIN  -  1,142 words
    • SPORT
      • 558 16  -  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 new
        558 words
      • 568 16  -  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, the
        AP  -  568 words
    • GOLF
      • 1120 17  -  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 to
        PHOTOS: AFP, GETTY IMAGES  -  1,120 words
    • MOTORING
      • Article, Illustration
        609 18/19  -  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, most
        609 words
      • 402 18/19  -  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 not
        402 words
      • 674 20  -  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 familiar
        674 words




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      785 words