The Business Times, 27 January 2011
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2011-01-27
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The Business Times
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Title Section22 2011-01-27 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Thursday, January 27,201122 words
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762 2011-01-27 1 AMIT ROY CHOUDHURY - 40 are taking on the world from base here with IDA help By AMIT ROY CHOUDHURY [SINGAPORE] They got come-hither looks from Singapore and a brash new pack of Infocomm Technology (ICT) companies answered the call. They are not giants like IBM or762 words
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Article, Illustration791 2011-01-27 1 ANDREW MARKS - More than the specifics of his Union address, the President’s shift to the centre is heartening business By ANDREW MARKS in New York WALL Street was buoyed yesterday morning in the wake of President Obama’s pledge to create jobs, spur791 words
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Article139 2011-01-27 1 GST INDEX 3,220.78 (+39.63) GST INDEX FUTURES 3,221 (+40) GSIMSCI 382.16 (+5.58) GSIMSCI FUTURES 382.80 (+6.90) FOREX US$ S$ US$ (S$ per US$) 1.281 (US$/S$ per 1.579 2.022 EURO (US$/S$/E) 1.367 1.752 Foreign currency per US$ S$ YEN 82.10 64.10 RM 3.053 2.383 HK$ 7.787 6.078 BAHT 30.87139 words
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Page 1 Advertisements
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Advertisement12 2011-01-27 1 WORLD ECONOMIC FORUM CEOs cautiously confident, pin hopes on BRICs PAGE 1812 words
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Advertisement19 2011-01-27 1 BizIT 26% growth in S’pore 300mm fab capacity likely PAGE OPINION America’s new ‘Sputnik moment’ PAGE 21 *****1 *****419 words
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Advertisement44 2011-01-27 1 STANLEY HO SAGA Macau tycoon clears the air; SJM shares dive PAGE 2 NO-CONFIDENCE Group moves to oust council of Law Society PAGE 4 In partnership with PATRIMONIO MUNDIAL WO R L D HERITAGE•PATRIMOINEMONDIAL• World Heritage Centre United Nations Educational, Scientific and Cultural Organization44 words
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TOP STORIES
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445 2011-01-27 2 TEH SHI NING - Fall may prompt a downward revision of Q4 and full-year GDP growth figures By TEH SHI NING [SINGAPORE] Singapore’s manufacturing growth plunged to just 9 per cent in December, less than half the consensus growth forecast. The slowest pace of industrial production growth445 words
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Article, Illustration510 2011-01-27 2 SJM shares dived 8.8% yesterday on family feud fears Reuters [HONG KONG] Macau casino magnate Stanley Ho moved to end a dispute with his family yesterday, saying he willingly handed over assets in his US$10 billion gaming company and would not press legalReuters; AFP/TVB - 510 words
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Article400 2011-01-27 2 Obama cozies up to business and the markets like it WALL Street was buoyed yesterday morning in the wake of President Barack Obama’s vows to create jobs, spur growth, increase spending for education and cut corporate taxes in the annual State of the Union address, applauding his wide-ranging400 words
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Article, Illustration414 2011-01-27 2 JAMES PETHOKOUKIS - By JAMES PETHOKOUKIS REUTERS BREAKINGVIEWS BARACK Obama’s “Sputnik moment” may not leave as lasting a mark as George W Bush’s “axis of evil” or Bill Clinton’s “the era of big government is over”. But as State of the Union catchphrases go, it is notREUTERS - 414 words
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542 2011-01-27 2 MICHELLE QUAH - KIM ENG’S CIVIL SUIT AGAINST FORMER DEALER By MICHELLE QUAH [SINGAPORE] The former Kim Eng Securities dealer being sued by the brokerage broke down and cried on the stand yesterday, as she recounted how she was “constantly under threat” from Kim Eng’s former542 words
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955 2011-01-27 4 GRACE LEONG - Good times don’t last forever and preparation for a downcycle is crucial By GRACE LEONG [SINGAPORE] Since the launch of the two integrated resorts (IRs) last year, many other hotel operators in Singapore have been bowled over by what they955 words
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416 2011-01-27 4 WINSTON CHAI - MDA, 3 universities to develop video conferencing tech By WINSTON CHAI [SINGAPORE] Local authorities have joined hands with three universities in a $23 million research effort that could one day allow jet-set-ting executives to stop living out of a suitcase by getting robot416 words
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Article, Illustration675 2011-01-27 4 GRACE LEONG - No-confidence quest filed but townhall meet to go ahead By GRACE LEONG [SINGAPORE] A group of 88 lawyers led by criminal lawyer Subhas Anandan filed a petition yesterday for a no-confidence vote to be passed against the Law Society’s top office-bearers. But675 words
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Advertisement33 2011-01-27 2 'jLi TTU 1 FIND THE ONES J THAT FIT! Recruit the right people J through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg to advertise. ir rU L 1 W) V 133 words
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Advertisement75 2011-01-27 3 A NEW FACE IN TIME IHr w PRESENTING THE NEW BULGARI, DANIEL ROTH GERALD GENTA COLLECTIONS DISCOVER THE MYSTERY OF THE GRAND SONNERIE IN THE WORLD OF HOROLOGY WITH DEMONSTRATIONS BY BU LG ARTS MASTER WATCH MAKER FORUM SESSIONS WITH RENOWNED WATCH EXPERTS. TO REGISTER FOR THE DEMONSTRATION FORUM SESSIONS,75 words
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Advertisement1791 2011-01-27 4 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATOR NANYANG PETROLEUM INTERNATIONAL PTE. LTD. (f.k.a. C C Petroleum International (Singapore) Pte. Ltd.) (Co. Reg. No.*****4588D) (In Provisional Liquidation) (Incorporated in the Republic of Singapore) Take notice that Mr. Lim Yeong Seng, CPA, Approved Liquidator of Kong,1,791 words
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Advertisement196 2011-01-27 4 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF STANDARD 4 PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****7846E NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that a Final Meeting of the Members of the abovenamed196 words
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Advertisement57 2011-01-27 4 How to run a business without running out of ideas BUMPER ISSUE WITH E50 SUPPLEMENT MAGAZINE, How SMEs keep talent Tht big broadband bang srwm jij Singapore January/February issue out now! Available at all petrol stations (except Caltex) and all major bookstores To subscribe ($30 for six issues delivered to57 words
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Advertisement1145 2011-01-27 5 ADVERTORIAL FEATURE RODYK Singapore's First Law Firm The tales of professional courage from 'RODYK 150 Years', giving their utmost for client's causes, inspire Rodyk lawyers as they build strong regional practices. Philip Jeyaretnam Managing Partner 'RODYK 150 Years' contains a fascinating business story of the endurance and transformation of a1,145 words
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COMPANY NEWS
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Article, Illustration898 2011-01-27 6 KALPANA RASHIWALA - Its income available for distribution to stapled security holders rose 29.3% to $28m in Q4 2010 By KALPANA RASHIWALA CDL Hospitality Trusts (CDLHT), which yesterday posted substantial year-on-year increases in top and bottom lines for the fourth quarter as well as full year 2010FILE PHOTO - 898 words
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517 2011-01-27 6 FELDA CHAY - NEW LISTINGS By FELDA CHAY THAILAND-LISTED rubber producer and exporter Sri Trang Agro-Industry Public Company Ltd has priced its offer at $1.20 (29 baht) per share for its secondary listing in Singapore to raise gross proceeds of $336 million. Its decision517 words
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Article177 2011-01-27 6 LYNN KAN - By LYNN KAN DIESEL engine distributor XMH Holdings saw a sturdy debut on the Singapore Exchange main board yesterday as its stock hit an in-tra-day high of 27.5 cents 10 per cent over its initial public offering (IPO) price of 25 cents. The stock ended177 words
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360 2011-01-27 6 LYNN KAN - HOT STOCK By LYNN KAN TO the chagrin of some of its shareholders, the stock of Spice i2i dived three cents or a whopping 26 per cent to close at 8.5 cents yesterday on news that it has proposed a rights issue barely360 words
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425 2011-01-27 6 JOYCE HOOI - Moves sparked by record full-year results, bonus issue By JOYCE HOOI FOLLOWING Keppel Corp’s record full-year earnings of $1.42 billion and its first bonus share issue in 14 years, analysts raised their target price expectations for the stock yesterday. Its stock price also jumped425 words
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703 2011-01-27 6 WONG WEI KONG - HOCK LOCK SIEW By WONG WEI KONG WITH the reporting season now underway in earnest, consensus estimates will increasingly come into focus. Companies will be measured against the consensus forecasts made by analysts, and their shares will be bought or sold based on the extent703 words
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475 2011-01-27 9 LYNETTE KHOO - ‘Overweight’ rating for Japan as rest of Asia battles inflation By LYNETTE KHOO THE “sell Japan, buy Asia” trend may reverse this year, Citi analysts reckon. Japanese equities are now seen as a potential outperformer as other Asian markets battle with inflation and risks475 words
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210 2011-01-27 9 TEH SHI NING - By TEH SHI NING CREATIVE Technology is still in the red. Its second-quar-ter net loss more than doubled to US$10.9 million, from a loss of US$5.3 million a year earlier. As with the first quarter of the current financial year, Creative210 words
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214 2011-01-27 9 RONNIE LIM - By RONNIE LIM MAINBOARD-LISTED Ramba Energy’s Indonesian subsidiary, RichLand Logistics Indonesia (RLI), has clinched two contracts to manage domestic transportation of bulk liquids for two leading chemical companies in Indonesia. Ramba Energy’s logistics director Colin Moran said that the contracts with BASF Indonesia and Styrindo214 words
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535 2011-01-27 9 JOYCE HOOI - Golden Ocean has 2 panamax vessels out on charter to Korea Line; shares hit By JOYCE HOOI THE implications of a bankruptcy protection filing on Tuesday by Korea Line South Korea’s second-larg-est operator of dry bulk ships have begun to reverberate throughout the industry.535 words
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Article, Illustration408 2011-01-27 11 LYNN KAN - Full-year profit hits new high; North Asia market greatest revenue contributor By LYNN KAN MASSAGE chair maker OSIM will rest easy on its latest set of financial results. The group more than doubled profit attributable to shareholders to $16.9 million in its fourth408 words
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380 2011-01-27 11 UMA SHANKARI - By UMA SHANKARI INCOME to be distributed by CapitaRetail China Trust (CRCT), a CapitaLand unit, for the fourth quarter of 2010 inched up 2 per cent to $12.97 million from $12.72 million in Q4 2009 as it recorded higher rental revenue from its malls.380 words
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237 2011-01-27 11 LINETTE LIM - Lower contribution from Cosmo Plaza cited for fall By LINETTE LIM FRASERS Commercial Trust’s (FCOT) net property income slipped 2.4 per cent year-on-year to $22.95 million for the first quarter ended Dec 31, 2010. Gross revenue fell 2.3 per cent to $28.98 million.237 words
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262 2011-01-27 11 CITY Developments Ltd (CDL) yesterday said that the group has submitted an expression of interest to enter into negotiations for the proposed en bloc purchase of Tanglin Shopping Centre. The tender for the prime property’s collective sale closed on Tuesday and BT reported yesterday that262 words
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COMPANY BRIEFS
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81 2011-01-27 11 SINGAPORE Exchange (SGX) is taking the lead in Asia to introduce pre-trade risk controls to strengthen the marketplace with increased opportunities for direct access to the exchange network. The risk controls will be implemented in the SGX derivatives market by the third quarter of this81 words
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86 2011-01-27 11 STARHILL Global Reit’s net property income for the fourth quarter of 2010 was $36.7 million, up 37 per cent year on year. Revenue for the quarter ended Dec 31 was $45.6 million, up 33 per cent. Income to be distributed was $20.2 million,86 words
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Page 7 Advertisements
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Advertisement460 2011-01-27 7 iU Lm i R 11 HSBC's renminbi time deposit. Now you can access renminbi from Singapore's shores. Renminbi, the currency of one of the world's fastest growing economies, is now more within your reach than ever-with HSBC's renminbi time deposit. Having established our presence in China for over 145 years,460 words
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SINGAPORE MARKETS
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Article, Illustration557 2011-01-27 8 R SIVANITHY - Short-sellers covering their positions probably helped fuel index’s rise STOCKS R SIVANITHY Senior Correspondent AFTERdisplayingweakness for the past seven trading sessions during which it had lost 64 points, the Straits TimesIndex (STI)yesterday rebounded 39.63 points to 3,220.78. The broad market also enjoyed some support,Source: Bloomberg - 557 words
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Article66 2011-01-27 8 Jan 26 VALUE CLOSE BT OB/OS -611.00 +31.0 BT CADI -*****.00 +127.0 BT 10-day MA -*****.00 -62.00 FTSE ST Mid Cap 813.63 +3.74 FTSE ST Small Cap 602.03 +2.19 FTSE ST All Share 799.72 +8.43 FTSE ST China Top 298.50 +0.97 FTSE ST China 323.89 +1.60 FTSE66 words
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Article57 2011-01-27 8 VOLUME GMG Global 213,049,000 BerlianLaju 127,525,000 Spice i2i 83,955,000 Genting SP 77,710,000 XMH 59,882,000 Golden Agri 59,430,000 ChinaGaoxian 57,889,000 Informatics 45,514,000 Jade Tech 34,190,000 SingTel 27,137,000 VALUE($) Genting SP 161,222,756 DBS Grp 141,569,382 Keppel Corp 139,072,230 UOB 87,650,110 SingTel 84,337,930 GMG Global 65,653,375 OCBC Bk 58,940,105 JMH57 words
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Article186 2011-01-27 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 2 4 0 0 0 11 2 4 Manufacturing 71 48 67 8 6 10 79 54 77 Commerce 28 14 21 4 2 4 32 16 25 Tpt/Stor/Comms 22 8 11186 words
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BROKERS’ TAKE
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Article360 2011-01-27 8 Jan 26 close: S$11.92 DBS Group Research, Jan 26 KEPPEL Corp’s FY2010 recurring net profit of S$1.4 billion (up 12 per cent y-o-y) beat expectations. Despite a 33 per cent y-o-y drop in offshore and marine (O&M) sales, the division’s core net profit rose 22 per cent to360 words
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Article, Illustration413 2011-01-27 8 CONRAD TAN - Jan 26 close: S$0.36 OCBC Investment Research, Jan 26 Compiled by CONRAD TAN GLOBAL Palm Resources is a fledging palm oil plantation owner in Indonesia which owns some 16,100 hectares (ha) of land in West Kalimantan, with a planted area of 11,900 ha. In the near term,Source: Bloomberg - 413 words
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Article137 2011-01-27 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,137 words
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Article121 2011-01-27 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 39,633 39,633 166,952 166,952 Manufacturing 392,792 49,780 442,572 276,045 1,301 277,346 Commerce 86,436 15,617 102,053 155,615 2,725 158,340 Tpt/Stor/Comms 315,529 885 316,414 241,885 294 242,179 Finance 27,719 27,719 316,747 316,747 Construction 18,507 8,029 26,536 4,486121 words
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Article110 2011-01-27 8 Stock name Close Change CapMallsAsia 1.910 +0.010 CapitaLand 3.690 +0.050 CapitaMall 1.950 +0.010 CityDev 11.920 +0.120 ComfortDelGro 1.630 +0.010 DBS Grp 15.060 +0.180 F&N 6.510 +0.070 Genting SP 2.070 Golden Agri 0.725 +0.005 HK Land 7.240 -0.030 JMH 45.000 JSH 27.400 -0.120 Jardine C&C 35.120 +0.520110 words
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Article, Illustration455 2011-01-27 8 CURRENCIES Reuters [NEW YORK] The euro fell from a two-month high against the dollar yesterday to trade little changed, as investors adjusted positions ahead of the Federal Reserve’s comments from its policy meeting later in the day. None is expecting the USReuters; BLOOMBERG - 455 words
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Article111 2011-01-27 8 BY CENTS CLOSE UP GLD 10US$ ***** 83.2 0.5 Keppel Corp 1192 58.0 5.1 Jardine C&C 3512 52.0 1.5 UOB.ES.1102 1984 40.0 2.1 DBXT MSKorea 10US$ 6094 39.7 0.5 UOB 1986 38.0 2.0 DBXT MSEurope 10US$ 4709 29.5 0.5 DBXT MSTaiwan 10US$ 2057 24.3 0.9 Lyxor China H 10US$111 words
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Article120 2011-01-27 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-229.2 -1.4 Lyxor Malaysia 10US$ 929 -21.8 -1.8 Lyxor India Nifty 10 1612 -21.0 -1.3 DBXT FTVietnam 10US$ 3765 -17.9 -0.4 CoscoCorMBLeCW*****2 61 -17.0 -21.8 JSH 2740 -15.4 -0.4 OmegaNav 165 -15.0 -8.3 DBXT S&P Short 10US$ 4381 -14.1 -0.3 YangzijiMBLeCW*****2 42120 words
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Page 9 Advertisements
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Advertisement1007 2011-01-27 9 Advertising Feature A World-Class Healthcare Hub Takes Shape At Novena It has long been known as the home of Tan Took Seng Hospital, but the Novena area is now coming into its own as a full-fledged, self-sufficient medical cluster. Billions of dollars are being poured into developing state-of-the-art medical facilities1,007 words
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2010 MARKET PERFORMERS
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Article, Illustration650 2011-01-27 10 Treasury China TrustOutshining The Rest A SPECIAL SERIES BROUGHTTO YOU BY SHAREINVESTOR WITHitssharepricerecovering37%froma2010lowofSGD1.42/unittoreachahighofS$1.95just prior to year end, Treasury China Trust (“TCT”)isconfidentthatitspositionasaleading owner, developer and manager of Chinesecommercialrealestateisbeginningtoresonatewithits emerging Asian investor base. Having established itself on the Singapore main board in June 2010, TCT initially suffered from the choice to list650 words
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Article, Illustration605 2011-01-27 10 Yongnam Market Leader In Niche Infrastructure Space DOMINATING the Marina Bay skyline, the iconic Marina Bay Sands Integrated Resort, over 50 storey high, is a staggering construction of large steel structures combined with engineering ingenuity. Successfully securing a total of nine projects (with a total value of S$342 million) in605 words
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Article, Illustration706 2011-01-27 10 Q M Dental Building A Regional Dental Healthcare Group HAVING established the largest network of private dental outlets in Singapore, Q M Dental Group is now setting the stage to expand its dental business on a regional scale.The first stop on the Group’s regional expansion roadmap is the People’s Republic706 words
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Article, Illustration806 2011-01-27 10 ECS Holdings On a Growth Trajectory 2010 has been an exceptional year for SGX Main-board-listed ECS Holdings Limited which has witnessed significant changes, developments and achievements on the business and corporate fronts. Many of these mark a milestone in the Group’s ongoing evolution as a leading regional ICT provider. ForInvestment Highlights - 806 words
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Article, Illustration817 2011-01-27 11 Marco Polo Marine Asia's Integrated Marine Logistic Powerhouse SETTING itself apart from its peers, SGX Mainboardlisted Marco Polo Marine Ltd is an integrated marine logistic company serving Asia’s energy sector. This transformation was the result of strategic investments made in prior years to diversify the Group’s revenue base and generate817 words
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Article, Illustration733 2011-01-27 11 Technics Oil And Gas Moving Upstream In Its Niche SINCE listing on the SGX in 2003, Mainboard-listed Technics Oil and Gas Limited has embarked on an ongoing, multi-pronged expansion programme to ride the growth opportunities in oil gas sector. Almost 7 years down the road and it seems the Group733 words
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SINGAPORE NEWS
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501 2011-01-27 12 LYNN KAN - Crunch comes at a time when CEOs expect operations to grow in Asia: survey By LYNN KAN TALENT shortage and high attrition rates are now issues weighing on the minds of recruiters and company chiefs in Asia, as companies expand more aggressively in501 words
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Article, Illustration256 2011-01-27 12 AMID market talk that Singapore’s inflation rate could exceed the official forecast this year, the Monetary Authority of Singapore yesterday stepped out to restate its view on rising inflation. The surge in COE premiums and global food prices will mean higher headline inflation inBLOOMBERG - 256 words
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202 2011-01-27 12 SINGAPORE is experiencing a rise in influenza and acute respiratory infections (ARI) during its seasonal flu cycle in January and February, the Ministry of Health (MOH) said yesterday. Patients seeking treatment for ARI in polyclinics rose 13 per cent. The202 words
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258 2011-01-27 12 MAXIE AW YEONG - By MAXIE AW YEONG LEADING US-based semiconductor company Micron Technologies has been conferred the Distinguished Partner in Progress (DPIP) Award for its contributions to the local semiconductor industry. Micron established its presence in Singapore in 1998, with the acquisition of Texas Instruments’258 words
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Article, Illustration424 2011-01-27 12 TEH SHI NING - Account managers will advise traders on various schemes By TEH SHI NING SINGAPORE Customs has simplified and streamlined the way companies apply and are assessed for Customs schemes. Launched yesterday, the new TradeFirst (trade facilitation and integrated risk-based system) integrates all Customs424 words
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224 2011-01-27 12 BLACK boxes could soon be found on public buses and not only on planes after a new collaboration just announced by A*Star and local SME KAI Square. The Agency for Science, Technology and Research and KAI Square will commercialise224 words
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Article263 2011-01-27 12 LINETTE LIM - By LINETTE LIM AGAINST the backdrop of increased economic activities and the challenges posted by the opening of the two Integrated Resorts (IRs), overall crime has dropped by 0.6 per cent last year, said the Singapore Police Force (SPF). Overall crime reported fell to263 words
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198 2011-01-27 12 SINGHEALTH yesterday gave recognition to more than 2,500 healthcare staff for providing excellent service. The inaugural Singapore Health Quality Service awards were given to staff from SingHealth institutions and partner organisations, including Bright Vision Hospital and St Andrew’s Community Hospital. It aims to profile outstanding public198 words
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Advertisement21 2011-01-27 12 IT'S HERE! ..ill 3G 2:40 PM V/4£ >, LDRDinG... f ■a GET THE FREE 9I.3FM APP NOW! Available on the App Store21 words
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Advertisement0 2011-01-27 12 /])[^^.*'[};~!|:>"?.{('=}{?&}+}0 words
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MALAYSIA
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420 2011-01-27 13 PAULINE NG - Company attracted by sharp rise in mobile Internet usage in country By in Kuala PAULINE NG in Kuala Lumpur GOOGLE Inc is setting up shop in Kuala Lumpur its second in South-east Asia nearly four years after it opened its doors in Singapore. With420 words
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Article, Illustration331 2011-01-27 13 AFP [KUALA LUMPUR] Malaysia’s Sime Darby, the world’s largest listed palm oil producer, said yesterday that it will make its foray into Africa, with plans to establish plantations in Liberia in April. The company, which was granted a 63-year concessionAFP - 331 words
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472 2011-01-27 13 S JAYASANKARAN - By S JAYASANKARAN in Kuala Lumpur SHARES of Public Bank, Malaysia’s third largest lender in asset terms, crept upwards marginally (0.2 per cent) to RM13.36 apiece despite posting an impressive net earnings figure of RM3.05 billion (S$1.28 billion) for472 words
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Advertisement192 2011-01-27 13 a> MARKETS get thinking FX/CFD trading Trade global stock indices on tight spreads and no commission, 24 hours a day. (^MARKETS QW*SW*C*li(SG01C«WQ m UliKet 329.7 S»0 Singapore Slue Chf> OtaWKJOflCMh OfTSE 100 Cull Owil Stmt Cut 0 C3ennany 30 OlISSPXSM OCinMlM 0 France 30 Only«) OM>so OMBIMJS 0 Span 35192 words
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ECONOMY WATCH
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Article, Illustration539 2011-01-27 14 Robust exports lift GDP growth to 6.1% last year despite a slowdown in Q4 AP [SEOUL] South Korea’s economy grew at its fastest pace in eight years in 2010 even as the expansion slowed in the final quarter amid weakness inAP; REUTERS - 539 words
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480 2011-01-27 14 Bloomberg [SINGAPORE] Inflation in China could hinder Asia’s economic growth and damage the ratings outlook for countries in the region this year, according to Fitch Ratings. China’s policy makers are likely to face greater difficulty as the world’s fas-test-growing major economy battles “hot moneyBloomberg - 480 words
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Article, Illustration686 2011-01-27 14 Economy shrank by half a per cent in last quarter of 2010 [LONDON] Prime Minister David Cameron’s coalition government received a political body blow on Tuesday with the release of official figures showing that Britain’s economy shrank by half a perAFP - 686 words
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Article, Illustration515 2011-01-27 14 Reuters [MANILA] The Philippines sees no reason for local interest rates to rise with inflation still manageable, giving the central bank room to keep policy rates low for now, Finance Secretary Cesar Purisima said yesterday. On Monday, Manila rejected allReuters; BLOOMBERG - 515 words
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478 2011-01-27 14 Reuters [BANGKOK] The Bank of Thailand (BOT) still sees the need to normalise interest rates “for a while” and sees inflation as the key risk factor for Thailand’s economy, its governor said yesterday. “Ultra-loose policy will push up inflation and create economic imbalances,” PrasarnReuters - 478 words
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222 2011-01-27 14 Bloomberg [FRANKFURT] German import prices rose at the fastest annual pace in more than 29 years in December, driven by soaring costs for commodities such as energy and metal. Import-price inflation accelerated to 12 per cent, the highest rate since October 1981, from 10 per centBloomberg - 222 words
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Advertisement91 2011-01-27 15 E&2hi5B& LYDIAUM KMUttV* 4 TO KEEP SINGAPORE GOING Lee on his wife Kwa Geok Choo Lee Kuan Yew takes on his critics in 32 hours of interviews with Straits Times journalists on all the important issues that have shaped his thinking on Singapore and the world. He also answers personal91 words
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GREATER CHINA/INDIA
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543 2011-01-27 16 Rising labour costs pushing small manufacturers to Vietnam, Indonesia AP [SHANGHAI] Many Chinese cities are raising minimum wages for workers, fanning inflationary pressures while also seeking to soothe frustrations over price hikes. The double-digit increases in major manufacturing centres like Guangdong, and the cities ofAP - 543 words
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183 2011-01-27 16 AFP [BEIJING] China will roll out a resources tax across the country over the next five years as Beijing tries to boost local government income and reduce reliance on land sales, state media said yesterday. The central government will also overhaul taxes levied onAFP - 183 words
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Article, Illustration458 2011-01-27 16 Kashmir’s capital of Srinagar under strict curfew AFP [NEW DELHI] India celebrated its Republic Day yesterday under heavy security, with tensions running high in Kashmir over efforts by Hindu nationalists to hold a rally in the troubled region’s state capital. Security was especially tightAFP; AP - 458 words
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488 2011-01-27 16 AFP [NEW DELHI] The familiar green logo of Starbucks will soon appear on Indian streets as the US group bets on lifestyle changes that are turning the tea-drinking country into a booming market for cafes. India’s appetite for the bitterAFP - 488 words
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290 2011-01-27 16 Bloomberg [BEIJING] Some Chinese banks have raised lending rates to as much as 1.45 times benchmark levels in response to government calls to rein in credit growth, the official China Securities Journal reported yesterday. One large commercial lender has told branches to charge between 1.1Bloomberg - 290 words
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254 2011-01-27 16 Bloomberg [BEIJING] Beijing’s municipal government held its first lottery for car plates yesterday as it seeks to ease traffic jams. Applicants outnumbered available permits by almost 11 to one. A total of 187,420 car buyers vied for 17,600 new car platesBloomberg - 254 words
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Advertisement12 2011-01-27 16 www.omy.sg ra r eat. m Vi A 'A wmmsrn piayg r our\d.omy^912 words
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Advertisement38 2011-01-27 16 BABY BONUS Singapore needs more babies and tabla!’s SHEELA NARAYANAN is doing her share to lift the shrinking fertility rate ROHIT BRIJNATH REPORTS FROM THE AUSTRALIAN OPEN GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)38 words
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WORLD
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517 2011-01-27 17 ANTHONY ROWLEY - Pledge comes as govt reveals debt could soar to 22% above current cap By ANTHONY ROWLEY in Tokyo JAPANESE Prime Minister Naoto Kan pledged yesterday to maintain fiscal discipline as finance ministry estimates revealed that debt could soar to 22 per cent, or517 words
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513 2011-01-27 17 Average creditor to get US18.6¢ on the dollar, from 14.7¢ Bloomberg [NEW YORK] Lehman Brothers Holdings Inc revised its plan to exit Chapter 11 bankruptcy, offering bondholders more money after some creditors didn’t support its previous proposals. The defunct investment bank, which hasBloomberg - 513 words
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Article, Illustration107 2011-01-27 17 [SEOUL] A painting showing the face of North Korean leader Kim Jong Il with the body of Marilyn Monroe is displayed at a gallery before the opening of an art exhibition by North Korean defector Song Byeok in Seoul, South Korea yesterday. This strikingAP - 107 words
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435 2011-01-27 17 But average compensation is down, say many Reuters [NEW YORK] Roughly half of bankers in Britain and the United States received increased bonuses for 2010, according to a survey released on Tuesday. Not everyone in the financial sector is better off. ConversationsReuters - 435 words
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Article, Illustration647 2011-01-27 18 A survey for event shows optimism almost back at pre-crisis levels WORLD ECONOMIC FORUM Reuters [DAVOS, Switzerland] Organisers and CEOs at the annual Davos meeting projected cautious confidence in the global economy as the event opened yesterday, pointing to numerous risks which couldReuters; AFP - 647 words
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387 2011-01-27 18 AP [DAVOS, Switzerland] For more than 2,000 participants at this year’s World Economic Forum (WEF), a pressing issue is when can they stop calling China an emerging economy? With China overtaking Japan as the world’s No 2 economy last year, and growth predictedAP - 387 words
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479 2011-01-27 18 Bloomberg [MADRID] The Williams Formula One team’s owners are seeking to lure wealthy investors with a planned share sale of between 20 and 30 per cent of equity in the nine-time champion, chairman Adam Parr said. Founder Frank Williams will keepBloomberg - 479 words
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484 2011-01-27 18 LATEST US DATA Bloomberg [WASHINGTON] Purchases of new houses in the US rose more than forecast in December as the industry struggled to stabilise following its worst year on record. Sales climbed 18 per cent to a 329,000 annual pace, figures fromBloomberg - 484 words
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277 2011-01-27 18 Reuters [ABU DHABI] Abu Dhabi-based Insurance House is planning a small initial public offering (IPO) in February, banking sources said, the latest company to test investor demand after a drought of stock market listings. The United Arab Emirates (UAE) has not seenReuters - 277 words
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Article, Illustration444 2011-01-27 18 Reuters [TOKYO] Toyota Motor said it was recalling more than 1.7 million vehicles worldwide, the latest in a string of recalls that have ballooned to nearly 16 million since late 2009, further denting the automaker’s reputation for quality. Shares of Toyota extendedReuters; AFP - 444 words
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Article, Illustration484 2011-01-27 19 Tarp prevented a catastrophe in 2008 but may also pose moral hazard Bloomberg [WASHINGTON] US taxpay-er-funded bailouts are “a study in contrasts” marked by both financial success and the risks involved in propping up companies deemed too big to fail, a governmentBloomberg; BLOOMBERG - 484 words
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341 2011-01-27 19 AFP [SYDNEY] The former head of Vietnam’s central bank has been linked to an Australian banknotes scandal, with media reports alleging that bribes helped pay for his child’s British university education. Melbourne newspaper The Age said polymer notemaker Securency, thenAFP - 341 words
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Article, Illustration364 2011-01-27 19 Bloomberg [PARIS] Vivendi SA received a final US$3.8 billion payment from General Electric Co for its former 20 per cent stake in NBC Universal entertainment group, gaining cash for a bid for full control of mo-bile-phone division SFR. The transaction,Bloomberg - 364 words
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655 2011-01-27 19 The US Attorney’s Office has unveiled a new indictment with an additional charge Bloomberg [ATLANTA] In the run-up to the insider trading trial of billionaire hedge-fund founder Raj Rajaratnam, you can hear the engines revving. The US Attorney’s Office in Manhattan hasBloomberg - 655 words
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Page 17 Advertisements
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Advertisement7 2011-01-27 17 seer acquisitions consultants in global investment property7 words
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Advertisement25 2011-01-27 18 After latest round of cooling measures How will private housing market fare in 2011? 降今最 To subscribe, call 6388-3838 or go to sphsubscription.com.sg25 words
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Advertisement186 2011-01-27 19 XETBQ INVEST 1APAN Singapore SUPPORT FOR FOREIGN BUSINESS VENTURES INTO JAPAN JETRO (Japan External Trade Organization), a Japanese government-related organization with many years of experience in providing consultancy and support services to foreign investors in Japan, offers a wide range of services and facilities to help ease your way into186 words
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EDITORIAL & OPINION
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492 2011-01-27 20 EDITORIAL JUST three weeks into 2011, the momentum enjoyed by regional markets looks like it could be reversing. Hong Kong’s Hang Seng Index has lost about 2 per cent in the past fortnight while the Straits Times Index (STI) has lost the same492 words
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Article, Illustration805 2011-01-27 20 ANTHONY ROWLEY - THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent JUST when you thought it was safe to come out along comes the International Monetary Fund (IMF) with dire warnings that another global financial crisis, or series of crises, could be in the offing. Is this a805 words
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Article, Illustration909 2011-01-27 20 HUANG JIEKUN - They promote efficient pricing and provide price support in the secondary market By HUANG JIEKUN The writer is assistant professor in the Department of Finance, NUS Business School. He specialises in institutional investors and corporate finance. This commentary is based on a research project withREUTERS - 909 words
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Article, Illustration1216 2011-01-27 21 LEON HADAR - Obama calls for unleashing of another wave of innovation for economic renewal and to meet globalisation challenges LEON HADAR Washington Correspondent THE results of a poll of American opinion that was published on the eve of Chinese President Hu Jintao’s visit to Washington found that aREUTERS - 1,216 words
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Article, Illustration692 2011-01-27 21 MOHAMED A EL-ERIAN - By MOHAMED A EL-ERIAN The writer is Pimco’s chief executive officer and co-chief investment officer, and the author of the book “When Markets Collide”. The opinions expressed are his own WHETHER it’s at Davos or other international forums, policymakers would benefit from a moreBLOOMBERG - 692 words
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171 2011-01-27 21 Denis Distant - LETTER TO THE EDITOR Denis Distant RETAIL investors expect to see prices of their shares rise in due course, but it can be a long wait in cases where a company takes a fancy to carrying out regular “rights issue” exercises, and more so at171 words
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Page 21 Advertisements
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Advertisement103 2011-01-27 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 libel103 words
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AVIATION
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Article, Illustration344 2011-01-27 22 Mechanical problem detected shortly after it took off from airport AFP Xinhua [BANGKOK] A Qantas Boeing 747 suffering mid-air mechanical trouble was forced to land in Bangkok, a Thai official said yesterday, in the latest of a string of problems for the AustralianAFP; Xinhua - 344 words
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Article, Illustration477 2011-01-27 22 Bloomberg [WASHINGTON] The Pentagon reduced its five-year budget request by US$6.9 billion by delaying the purchase of 124 F-35 fighter jets from Lockheed Martin Corp, the military programme office said on Tuesday. The delay beyond fiscal 2016 was announced on Jan 6 by DefenseBloomberg; REUTERS - 477 words
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Article3269 2011-01-27 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 KU6458 1425 SQ458 1425 EY473 1940 VA7473 1940 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 MU8213 1830 QF81 1830 Amsterdam LO4031 0605 KL8363,269 words
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Article325 2011-01-27 22 Taunts come ahead of WTO ruling over subsidies Reuters [PARIS] Airbus and Boeing traded blows on Tuesday ahead of a final World Trade Organization ruling on claims Boeing received subsidies, in a tit-for-tat case brought by the European Union over similar US claims against Airbus. AnReuters - 325 words
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236 2011-01-27 22 Bloomberg [JAKARTA] Garuda Indonesia’s initial share sale raised 4.8 trillion rupiah (S$681.6 million) to help the carrier pay for new aircraft. The carrier and shareholder Bank Mandiri sold 6.4 billion new and existing shares at 750 rupiah apiece, the bottom ofBloomberg - 236 words
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Page 22 Miscellaneous
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Miscellaneous351 2011-01-27 22 CRYPTIC CROSSWORD Across 1 He is, or could be, the provider of Christmas stockings (6) 4 Puts down children’s party drinks (8) 9 Drink the Christmas sort? (6) 10 Period description of Scrooge’s Christmas before his conversion? (8) 12 Old-fashioned frill for the bird (4) 13 Church worker provides a351 words
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4241 2011-01-27 23 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.4,241 words
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Page 23 Advertisements
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Advertisement27 2011-01-27 23 Shippers looking for Warehouse TO ADVERTISE, CALL JOE WONG AT 9620 1327 Can they find your services here in the Shipping Times? THE BUSINESS TIMES SHIPPING TIMES27 words
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SHIPPING
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Article, Illustration536 2011-01-27 24 Piracy adds US$2.4b to transport costs as ships are diverted onto longer routes Bloomberg [LONDON] Somali pirate attacks are increasing, spurred by a 36-fold jump in ransoms in five years, raising costs for shippers and the threat to vessels carrying 20 per centBloomberg; AP - 536 words
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488 2011-01-27 24 Re uters [TROMSOE, Norway] Russia predicted on Tuesday a surge in voyages on an Arctic short-cut sea route in 2011 as a thaw linked to climate change opens the region even more to shipping and oil and mining companies.Reuters - 488 words
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457 2011-01-27 24 Rising demand for container vessels will help steel mills Bloomberg [SINGAPORE] Hyundai Heavy Industries, the world’s biggest buyer of steel plates, plans to increase use of the material 14 per cent this year to the most since 2008 as it boostsBloomberg - 457 words
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Article272 2011-01-27 24 SGX '000 Jan 26 s$ Vol CH Offshore Chuan Hup Hldg Cosco Corp CWT Ud Ezra Hldgs First Ship Lea Freight Links Grand Banks Jaya Hold Ltd KlVentures Koppel Corp Mercator Lines MTQ Corp NOL Pacific Shippi Pan-United Cor Rickmers Man Samudera Ship Sembcorp Indus Sembcorp Marin Spore272 words
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Advertisement27 2011-01-27 24 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 132727 words
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Advertisement15 2011-01-27 24 Experienced sh/p maintenance services wanted. Can they find your services here in the Shipping Times?15 words
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SINGAPORE STOCKS
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Article8960 2011-01-27 25 Transaction date: Jan 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 21 14.5 3148 8Telecom 19 unch 148 19 19 19 19.5 1.7 9.5 6.1 91 12 4.5 58348,960 words
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Article1695 2011-01-27 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 168 unch 33 168 160 1581,695 words
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Article9501 2011-01-27 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.35/ APS Alpha Fund (USD)!** 1.05/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM9,501 words
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Article830 2011-01-27 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 $mil 124 108 6389 ABF SG Bond ETF 110 110.1 112.5 502.1 1070 761 CIMBAsean40 100US$ US1022 1016 1029 40.9 335 270 DBS STI ETF830 words
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Article257 2011-01-27 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 $mil 56 38 6000 AVJennings A47.5 +0.5 2 47.5 47.5 47.5 49.5 3.6 7.4 3.8 123.7 55 16 6017 Genting HK US$ US46.5 +0.5 ***** 47257 words
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FINANCE & COMMODITIES
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374 2011-01-27 27 In local curr In S$ In US$ dy yr dy yr dy yr Jan 25 Index Change Change Change Change Change Change World Index Preliminary 915.7 -0.3 10.0 -0.5 2.0 -0.4 11.8 EAFE Preliminary 820.1 0.1 4.5 -0.2 -1.8 -0.1 7.6 Europe Preliminary 1194.9 -0.4374 words
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Article177 2011-01-27 27 Jan 26 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.05 US$ Offer Bid 7 days 0.33 0.23 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 12177 words
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Article22 2011-01-27 27 Jan 26 S$ Bid Offer 1-month 1.2805 1.2815 2-months 1.2804 1.2814 3-months 1.2804 1.2814 6-months 1.2810 1.2820 Source: OCBC22 words
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Article121 2011-01-27 27 Jan 26 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.315 1.241 Can dollar 1.308 1.258 Euro 1.783 1.715 Sterling pound 2.059 1.98 NZ dollar 1.009 0.961 US dollar 1.301 1.251 Local dollars to 100 units of foreign121 words
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Article27 2011-01-27 27 Jan 26 Open High Sett STI Jan 3221 SIMSCI Jan 374.8 382.8 382.8 Taiwan Jan 320.1 324.7 323.5 Source: MF Global (S) Pte. Ltd27 words
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Article67 2011-01-27 27 Jan 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 11 3705 3748 3762 3695 443 5864 Mar 11 3675 3720 3747 3675 2116 ***** Apr 11 3630 3670 3697 3622 ***** ***** May 11 3564 360967 words
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Article430 2011-01-27 27 Jan 26 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.6550 0 3578 Jun11 99.5750 0 1474 Sep11 99.4600 0 2264 Dec11 99.2950 0 577 EUROYEN TIBOR FUTURES Mar11 99.6625 55 2976 Jun11 99.6500 99.6500 99.6500 99.6475 0 1122 Sep11 99.6350 0 685 Dec11 99.6150 4430 words
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137 2011-01-27 27 Jan 26 RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Feb 11 565.0 Mar 11 563.0 Apr 11 563.0 May 11 563.0 Jun 11 563.0 563.0 563.0 2 Jul 11 562.5 562.5 562.5 4 Aug 11 562.0 Sep 11137 words
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Article86 2011-01-27 27 Jan 26 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 28.04.2011 0.34 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 103.45 103.47 103.47 5-Year N*****0S 2.875 01.07.2015 106.95 107.03 107.0386 words
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Article107 2011-01-27 27 Jan 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 11 1374.50 1404.50 1408.00 1370.25 May 11 1385.50 1415.00 1418.00 1381.25 Jul 11 1392.25 1422.00 1425.25 1387.75 Aug 11 1371.00 1397.00 1400.50 1366.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 11 55.78107 words
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Article77 2011-01-27 27 CRUDE OIL PRODUCTS Jan 25 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 96.53 -1.34 WTI (Near Mth) 86.29 -0.30 Dubai (1-Mth F) 91.18 -1.76 Tapis blend 99.50 -2.65 Minas 95.50 -2.60 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 93.56 -1.88 Jet Kerosene 110.45 -1.75 US$/barrel Opec Oil77 words
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2650 2011-01-27 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 29 1.5 78 1 10 -5 1.41 58 6221 Asia-Pacific Strat W*****6 33 1 150 9 5.09 40 6227 ASJ Hldgs W*****1 3 1 4 82,650 words
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Article464 2011-01-27 27 Jan 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.995 6.566 0.729 7.767 45.372 90.170 0.819 11.150 3.045 1.298 85.632 44.235 1.278 7.068 0.942 28.965 30.790 0.632 0.997 Canada 1.005 6.600464 words
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Article85 2011-01-27 27 Jan 26 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2011-01-27 27 Jan 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2766 1.2789 0.9969 0.9979 Canadian dollar 1.2834 1.2853 1.0022 1.0029 Euro 1.7510 1.7525 1.3673 1.3674 NZ dollar 0.9835 0.9848 0.7680 0.7684 Sterling pound 2.0213 2.0233 1.5784 1.5787154 words
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Article78 2011-01-27 27 Jan 26 GOLD (iJSS/oz) Jan 25 Jan 26 Hong Kong 1333.00 1339.00 Jan 24 Jan 25 London 1346.36 1325.40 1347.13 1326.30 Source: Thomson Reuters CAST BAR Jan 26 CSS) Sellinu Buying Kilobar 59.188,12 ***** PAMP GOLD BARS CSS) Selling Buying Igm 133 55 5gm 376 276 1 Qgm78 words
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Article69 2011-01-27 27 Jan 25 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2336.00 2389.00 3 months 2361.00 2413.00 Copper, Grade A (US$/tonne) Cash 9261.00 9544.75 3 months 9250.00 9529.00 Lead (US$/tonne) Cash 2361.00 2474.00 3 months 2337.00 2405.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0069 words
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Article83 2011-01-27 27 Jan 25 Close Prev High/Low Mar 11 2190 2148 2307/2170 May 11 2161 2114 2269/2144 Jul 11 2154 2111 2252/2140 Sep 11 2135 2099 2216/2132 COFFEE (US$/tonne) Close Pev High/Low Jan 11 2107 2140 2147/2110 Mar 11 2123 2149 2163/2110 Jul 05 2150 2175 2188/2138 Jul 1183 words
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BizIT
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Article, Illustration1007 2011-01-27 28 AMIT ROY CHOUDHURY - SEMI predicts slower growth than in 2010, reports AMIT ROY CHOUDHURY THE Singapore electronics industry may witness another good year in the semiconductors segment with a growth forecast of 26 per cent for the cutting edge 300mm wafer fab capacity. The forecast,1,007 words
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Article, Illustration788 2011-01-27 28 VICTORIA HO - By VICTORIA HO WHILE the global economy has rebounded from two years of negative growth, IT budgets are still nothing to write home about, so CIOs (chief information officers) have to find other ways to fund innovation. According to Gartner data, IT budgets shrank788 words
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868 2011-01-27 28 RAJU CHELLAM - Most groups from E Europe, says US Secret Service study By RAJU CHELLAM HERE’S something that should make you sit up and take notice: Organised gangs are taking an overwhelming interest in your company and its finances to try to steal as much868 words
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Page 28 Advertisements
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Advertisement23 2011-01-27 28 ASK TO SELL MORE MUFFINS Online advertising made simple affordable to help your business grow. Log on to www.sphdad.com Sfl Digital Ad Direct23 words
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PROPERTY
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301 2011-01-27 29 UMA SHANKARI - By UMA SHANKARI AROUND RM21 million (S$8.8 million) worth of Malaysian properties were sold in Singapore in October and November 2010 through a newly-opened sales gallery, said the chief executive of a govern-ment-led initiative to promote Malaysia as a real estate investment destination.301 words
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1399 2011-01-27 29 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED People's Park Cplx Apt 29/12/2010 99 1119 790 706 Robinson Suites Apt1,399 words
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Article, Illustration457 2011-01-27 29 It will invest in commercial buildings and offices across the country Bloomberg [TOKYO] Tokyu Land Corp, Japan’s fourth-largest developer, will start a 150 billion yen (S$2.3 billion) real estate investment trust (Reit) next year as the Bank of Japan’s asset-buying programmeBloomberg; BLOOMBERG - 457 words
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300 2011-01-27 29 Reuters [LONDON] More consumers are shifting from property as preferred long-term investments toward savings and shares, although property remains the single most popular destination for their money, a survey showed yesterday. The Association of British Insurers’ (ABI) online survey of 2,608 working-age adultsReuters - 300 words
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271 2011-01-27 30 Property prices up for 19 consecutive months in December Bloomberg [BEIJING] China lifted the minimum down payment for second-home purchases to 60 per cent from 50 per cent in a move to further limit the risk of asset bubbles in the world’s fastestgrowing majorBloomberg - 271 words
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722 2011-01-27 30 Reuters [NEW YORK] Blackstone Group LP is making a US$2 billion bet on one of the hardest hit areas of commercial real estate, buying properties and assembling a management team in a sign that it might take its warehouse business public. The latestReuters - 722 words
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611 2011-01-27 30 Bloomberg [NEW YORK] Debt investors are wagering that the worst is over for commercial real estate, driving prices on mortgage bonds to the highest in more than two years. “Investors have gotten more comfortable and have started putting money back into CMBS,” Chris Callahan,Bloomberg - 611 words
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Article, Illustration285 2011-01-27 30 Reuters [DUBAI] Legal claims against Dubai World property unit Nakheel are not delaying the developer’s proposed restructuring plan, its chairman said yesterday. Sources familiar with the matter said last month that the company’s restructuring was being complicated by new claims from trade creditors thatReuters; BLOOMBERG - 285 words
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294 2011-01-27 31 Profit declined after it held off marketing new units in the last fiscal year Bloomberg [HONG KONG] Hang Lung Properties Ltd, Hong Kong’s third-largest developer by market value, said first-half underlying profit fell 77 per cent after it sold fewer apartments in the city.Bloomberg - 294 words
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261 2011-01-27 31 UMA SHANKARI - By UMA SHANKARI THE Ministry of National Development (MND) is publishing a booklet containing the musings of its minister, Mah Bow Tan, in a bid to reach out to more Singaporeans and explain housing policies. In response to a query from BT,261 words
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181 2011-01-27 31 Reuters [BEIJING] Chinese banks channelled 2.02 trillion yuan (S$392 billion) in new loans into the red-hot property sector in 2010, accounting for a quarter of the total new yuan loans, the central bank said yesterday. The government has repeatedly told banksReuters - 181 words
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Article, Illustration441 2011-01-27 31 Reuters [LONDON] Pramerica Real Estate Investors is targeting commercial property in the emerging markets of China and Brazil with two new ventures, seeking to capitalise on the positive economic growth generated by those countries. Chief executive Allen Smith said on Tuesday that this yearReuters; BLOOMBERG - 441 words
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Advertisement35 2011-01-27 29 iJLJLJLiuuuuijnn SAVILLS INDUSTRIAL Land thllbest returns for your industrial properties savills Savills has more than 200 offices and associates worldwide to meet all your real estate needs, anywhere in the world can 6536 5022 savills.com35 words
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Advertisement200 2011-01-27 30 Find the most comprehensive range of products and services in CATS Classified in The Straits Times. i •UdQSMHR Prime Office Space Enjoy panoramic views of the city and Marina Bay right from your office. Located next to the Singapore River and on top of Clarke Quay MRT Station, Central is200 words
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Advertisement269 2011-01-27 30 MSSGyver Tired of making endless calls in search for your dream house? We made it hassle-free for you! Introducing "FAST" (First Automated SMS Transponder) Just SMS to *****000 receive full info! It's really just that simply! Let your fingers do the talking, we'll do the rest! EXPERIENCE it now! TERRACES269 words
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Advertisement241 2011-01-27 30 hi HHMnncMMEnn FREEHOLD CBD OFFICE BUILDING NEXT TO MRT NEW RETAIL MALL NEAR REDHILL MRT B1 CORPORATE BLDG FREEHOLD 3 STY SHOPHOUSES 4 STARS HOTELS IN TOWN 4 STARS BOUTIQUE HOTELS FREEHOLD BUDGET HOTELS Site Area: 4,000sf/GFA: 50,000sf Site Area: 15,000sf GFA: 46 000sf Site Area: 22,000sf GFA: 57,000sf Site241 words
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Advertisement739 2011-01-27 31 Real value in a changing world FOR SALE BY TENDER PRIME STRATA SHOP SHOWROOM OFFICES @THONG SIA BUILDING (PODIUM BLOCK) 30 Bideford Road, Level 1 to part of Level 7, Thong Sia Building Opposite The Paragon Total strata floor area approx. 42,668 sq ft Freehold Walking distance to Orchard Somerset739 words
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Advertisement108 2011-01-27 32 billion Value of investment sales instructions given to our Investments team in Singapore in 2010 million sq ft Total commercial and residential area managed by our Property Asset Management team in Singapore in 2010 A million Total office space leased by our Office Leasing team in Singapore in 2010 The108 words
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