The Business Times, 31 January 2011

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Microfilm: NL31018
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sf!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Monday, January 31,2011
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  • Article, Illustration
    Lock icon Local film sees feast in reunion dinner theme
    1056 1  -  ‘Homecoming’ opens on first day of Chinese NewYear By MICHELLE QUAH FEEL-GOOD movies from Hollywood every Christmas may no longer be news, but a homegrown one made for Chinese New Year may just be what jaded viewers need. Filmmaker Phillip Lim and
    1,056 words
  • Article
    Lock icon MARKETS DIGEST
    157 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST Index 3,229.69 +45.09 KL COMP 1,521.89 -25.54 NIKKEI 225 10,360.34 +85.82 HANG SENG 23,617.02 -259.84 SET INDEX 981.83 -24.74 JAKARTA COMP 3,487.61 +108.07
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  • Article
    Lock icon Defunct biodiesel plants get new lease of life
    638 1  -  New owners recycle plants on Jurong Island to make other products, like chemicals By RONNIE LIM [SINGAPORE] A new wave of “recycling” is taking place on Jurong Island. Defunct first-generation (1-G) biodiesel plants which became uneconomical when palm oil prices soared are
    638 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      570 2 Defunct biodiesel plants get new lease of life A NEW wave of “recycling” is taking place on Jurong Island. Defunct first-generation biodiesel plants which became uneconomical when palm oil prices soared are being revived as new owners upgrade them to make other products like chemicals used for oil
      570 words
    • Article
      Lock icon A decisive week for market psychology
      785 2  -  WALL STREET INSIGHT By ANDREW MARKS in New York STOCKS fell hard and fast here last Friday, putting a decidedly dark smudge on what had till then been a bright week for US equities markets, and will make this week a decisive one for
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    • Article, Illustration
      Lock icon Global markets watching Mubarak’s moves
      738 2 There could be years of political risk, leading to an energy supply shortage Reuters [LONDON] If President Hosni Mubarak clings to power, investors will reprice Egyptian and regional assets to brace for weeks, months or possibly years of heightened political risk. If he goes, global
      Reuters; AFP  -  738 words
    • Article, Illustration
      Lock icon Manufacturers plan price hikes
      859 2 Bid to defray rising costs but some will just have to take a hit on profit margins Reuters [LONDON] From a superjumbo jet plane to the ubiquitous Big Mac, manufacturers around the globe are plotting price rises to offset higher costs and claw back ground lost
      Reuters; AFP  -  859 words
    • Article
      Lock icon Quality of RMs lacking, say some SMEs
      696 3  -  High turnover in tight labour market leads to deteriorating service, but banks disagree By SIOW LI SEN [SINGAPORE] Amid a booming economy, banks are stepping up the hiring of relationship managers (RM) to service the growing SME sector. But the fast pace of
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    • Article, Illustration
      Lock icon Service firms lock in CNY staffing
      597 3  -  Measures to discourage absenteeism include providing meals By LINETTE LIM [SINGAPORE] Service sector employers here are pulling out the stops to ensure that there is adequate staffing for the busy Chinese New Year period. Employers told BT that they have measures in place to
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      708 3 THE GOLD STANDARD AWARD FOR GOOD GOVERNANCE The winner: The Securities Investors Association (Singapore) iblicAffairsAsii PublicA k W o L< V mM The Securities Investors Association (Singapore) represents the interests of minority shareholders, recognising that good corporate governance is the key to the integrity of corporations, financial institutions and markets;
      708 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Rate hikes unlikely to hurt Asia stocks
      665 4  -  Rates are rising because growth is recovering, says JP Morgan By LYNN KAN RATE hikes are clouding the policy horizon across Asia, but these measures introduced by central banks shouldn’t dampen stockmarket performance, said JP Morgan’s head of Asia equity client portfolio management,
      AFP  -  665 words
    • Article
      Lock icon Pent-up demand pushes Rokko profit up 142%
      348 4  -  By VICTORIA HO SEMICONDUCTOR equipment maker Rokko Holdings said on Saturday that its net profit for the year ended Dec 31, 2010, grew 142 per cent to $4.3 million on pent-up demand. The board of directors of the Catalist-listed company has proposed a
      348 words
    • Article, Illustration
      Lock icon Kim Eng Thai unit expects Maybank offer
      630 4 Reuters [BANGKOK] Kim Eng Securities (Thailand) Pcl, Thailand’s largest brokerage, expects higher turnover on the Thai stock market to lift profits this year, when it might get a takeover offer from Malaysia’s Maybank. Malayan Banking Bhd (Maybank) is buying a 44.6 per cent
      Reuters; BLOOMBERG  -  630 words
    • Article
      Lock icon Sing Hldgs adds Robin Star to adjacent properties
      249 4 SING Holdings has acquired Robin Star for $47 million. The 10-unit boutique development at 10-12 Robin Road will be combined with previously-ac-quired Robin Court and 1 Robin Drive to make a combined site of 6,027.4 sq m. The total purchase price of
      249 words
    • Article
      Lock icon Order book at shipbuilder JES hits US$1.6b
      460 7  -  New jobs from China, S’pore, Korea help lift total from US$900m in Sept By VICTORIA HO CHINA shipbuilding group JES International Holdings has reported that the company’s order book is now valued at about US$1.6 billion, compared with US$900 million in September last
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    • Article
      Lock icon Rights issues: some points to bear in mind
      809 7  -  HOCK LOCK SIEW By R SIVANITHY AS STOCK markets are forecast to perform well this year, investors can expect more companies to raise capital via rights issues, presumably for profitable ventures that would maximise shareholder value. To entice shareholders to subscribe to
      809 words
    • Article
      Lock icon At a glance
      522 7 At a glance Q4 results ended Dec 2010 Full-year results ended Dec 2010 NET PROFIT CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG (S$m) (S$m) NET PROFIT TURNOVER CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG (S$m) (S$m) TURNOVER Keppel Corp 1,622.98 1,625.12 -0.1 9,782.92 12,247.12 -20.1 607.36 280.73 116.3 2,444.42
      522 words
    • Article
      Lock icon Fourth-quarter score
      93 7 In the black 30 In the red 0 As of Friday, 30 SGX-listed companies had released their financial results for the fourth quarter ended Dec 2010. They recorded a combined S$1,989.3m in group profits. The breakdown is as follows No with profits 30 No with losses 0 I
      93 words
    • Article
      Lock icon PRIME LENDING RATES
      403 7 Jan 28 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of
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    • Article
      Lock icon Full-time score
      96 7 In the black 31 In the red 1 As of Friday, 32 SGX-listed companies had released their financial results for the full year ended Dec 2010. They recorded a combined S$4,716m in group profits. The breakdown is as follows No with profits 31 No with losses 1 I
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    • Article
      Lock icon COMPANY MEETINGS
      169 7 COMPANY MEETING PLACE DATE TIME PNE Micron A The Orchid Country Club, 1 Orchid Club Road, Sapphire 3, Orchid Lodge Level II, Singapore *****2 31-Jan 9.00am Sun East Grp S FTSE Room, Level 9, 168 Robinson Road, Capital Tower, Singapore *****2 31-Jan 10.00am Nam Lee A E Ruby
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    • Article
      Lock icon GIC buys European Ireland rescue debt
      208 7 Bloomberg THE Government of Singapore Investment Corp (GIC), a sovereign wealth fund with US$100 billion of reserves, bought some of the European debt issued to finance Ireland’s bailout, deputy chairman Tony Tan said. “We believe the bond is relatively safe given how it’s structured,
      Bloomberg  -  208 words
    • Article
      Lock icon DB Platinum
      38 7 Branchen Stars R1C-A 24/01/11 142.55 EUR db X-MACRO Trading Index Fund I4D 20/01/11 98.98 GBP DB Platinum IV Booster Capital Guaranteed Fund SGD R1D 06/01/11 10.04 SGD Double Joy Capital Guaranteed Fund R1D 20/01/11 10.06 USD
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      Lock icon Page 4 Advertisements Column 1
      1213 4 (Incorporated in Singapore on 9 January 2003) (Company registration no. *****0326D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of Net Pacific Financial Holdings Limited (the “Company”) will be held at 1 Robinson Road, #18-00 AIA Tower Singapore *****2 on 15 February 2011 at
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      1212 5 ADVERTISEMENT AN INTERCONTINENTAL ASIANA SAIGON MEETING THERE’S INSPIRATION AROUND EVERY CORNER. With the new INTERCONTINENTAL MEETINGS programme, meeting planners can plan their meetings seamlessly, even before they get to Saigon. For instance, a series of state-of-the-art tools provide a detailed overview of the property in the form of interactive floor
      1,212 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Withdrawal of liquidity a key market factor
      687 6  -  STOCKS R SIVANITHY Senior Correspondent LAST week’s column discussed whether there was scope for contrarians in a market where everyone was singing the praises of emerging markets (EMs) and “buy” was the name of the game. The conclusion was that there is an
      687 words
    • Article
      Lock icon Oil nears US$100 on US growth, Egypt unrest
      655 6 COMMODITIES AFP [LONDON] World oil prices rallied close to US$100 per barrel last Friday, as traders absorbed impressive fourth-quarter US economic growth and fretted over worsening political turmoil in Egypt. Most other commodity markets also won support last week from news that
      AFP  -  655 words
    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1648 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Prop Ltd 2.58 2.58 12 10.81 10.36 1.39 1.10 Amtek Engg Ltd 2.00 2 14.25 9.26 1.56 1.28 ARA Asset Mgt Ltd 2.25 2.25 4 8.23
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    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 WEEKLY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Jan 28 VALUE CLOSE BT OB/OS -631.00 +10.00 BT CADI -*****.00 -77.00 BT 10-day MA -*****.00 -63.00 FTSE ST Mid Cap 804.00 -5.01 FTSE ST Small Cap 595.52 -2.55 FTSE ST All Share 799.41 +0.91 FTSE ST China Top 295.31 -1.81 FTSE ST China 321.28 -1.34 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME Genting SP 478,847,000 Golden Agri 417,731,000 GMG Global 381,780,000 ChinaGaoxian 335,470,000 Jade Tech 161,112,000 NexGenSCom 146,661,000 BerlianLaju 146,654,000 Noble Grp 143,986,000 Spice i2i 123,328,000 Armarda 116,196,000 VALUE($) Genting SP 994,953,736 DBS Grp 432,254,828 Keppel Corp 398,565,836 Noble Grp 318,460,689 UOB 317,702,145 Golden Agri 301,734,980 SingTel 282,749,400
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    • Article
      Lock icon Won and Philippine peso lead Asian currencies’ advance
      368 6 CURRENCIES Bloomberg [BANGKOK] Asian currencies advanced last week, led by South Korea’s won and the Philippine peso, on optimism that faster growth in emerging markets will spur global investors to add to holdings of regional assets. Overseas investors pumped a combined US$1.4
      Bloomberg  -  368 words
    • Article
      Lock icon RISES
      114 6 BY CENTS CLOSE UP JMH 4700 358.8 6.3 DBXT MSEurope 10US$ 4714 319.1 5.6 JSH 2864 199.9 5.8 IS DJ US Tech 6789 197.3 2.3 DBXT AUD Bonds 5AU$ ***** 143.3 0.7 DBXT MSKorea 10US$ 6094 126.9 1.7 DBXT FTVietnam 10US$ 3915 101.2 2.1 DBXT MSINDO 10us$ 1283 78.2
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    • Article
      Lock icon FALLS
      123 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-663.8 -4.1 GLD 10US$ *****-424.1 -2.5 DBXT FTChina25 10US$ 3113 -85.9 -2.1 DBXT S&P Short 10US$ 4380 -78.2 -1.4 STXPO 100 1250 -50.0 -3.8 Lyxor India Nifty 10 1552 -48.0 -3.0 DBXT MSTHAI 10US$ 1485 -46.1 -2.4 IS MSCI India 100 710
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 WEEKLY
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    • Article
      Lock icon One-year top losers
      155 8 JAN 28 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE Mirach Energy 0.125 13.6 12,500 MoyaDayen 0.070 7.7 8,750 China Auto Electronics 0.100 5.3 10,000 Sinomem Technology 0.530 1.9 23,850 Advance SCT 0.050 0.0 4,150 Annica 0.040 0.0 6,640 Jade Tech 0.010 0.0 1,250 Lereno Bio-Chem 0.005 0.0 1,250
      155 words
    • Article, Illustration
      Lock icon Portfolios hit by Egypt unrest, Asia tightening
      473 8  -  TEH HOOI LING Senior Correspondent THE tightening cycle in Asia, unrest in Egypt, and the still-far-from-clear-blue sky in the developed world’s economies have conspired to sour investors’ mood last week. On average, our six portfolios declined by 1.6 per cent. Investors appeared to
      473 words
    • Article
      Lock icon Lowest forward PEs
      161 8 JAN 28 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE CWT 1.230 3.4 17,220 China Essence 0.340 0.0 7,140 China Taisan 0.185 0.0 7,400 CSC Holdings 0.160 0.0 8,320 Hupsteel 0.230 0.0 7,130 Low Keng Huat 0.445 0.0 14,685 Mercator Lines 0.265 0.0 10,070 SC Global 1.560 0.0 17,160
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    • Article
      Lock icon Analysts' top recommendations
      170 8 JAN 28 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE Del Monte Pacific 0.445 2.3 4,450 Noble Group 2.230 1.4 24,125 Goodpack 2.220 0.5 11,100 AIMS AMP I REIT 0.215 0.0 3,225 Cacola Furniture 0.060 0.0 3,120 China Essence 0.340 0.0 7,140 Mercator Lines 0.265 0.0 10,070 Best World
      170 words
    • Article
      Lock icon Buyers dominate as director trades stay low for third straight week
      1516 8  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director at Asia Insider Ltd THE trading activity among directors was low for the third straight week with only 19 transactions worth $2.61 million, based on filings on the Singapore
      1,516 words
    • Article
      Lock icon Highest dividend yield
      172 8 JAN 28 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE Shanghai Asia 0.170 6.3 6,460 GP Industries 0.585 3.5 8,775 CWT 1.230 3.4 14,760 K1 Ventures 0.155 3.3 3,720 UOB-Kay Hian 1.840 1.1 9,200 Innotek 0.575 0.9 8,050 CDL Hospitality Trust 2.090 0.0 14,630 Singapore Shipping Corp 0.245 0.0
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    • Article
      Lock icon Biggest upgrades in analysts’
      152 8 sentiment JAN 28 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE Del Monte 0.445 2.3 4,450 Macquarie Int'l Infra 0.590 1.7 8,260 Chemoil Energy 0.442 1.1 12,818 CitySpring Infra Trust 0.565 0.9 5,085 People's Food 0.815 0.6 8,965 Goodpack 2.220 0.5 8,880 Dairy Farm 11.648 0.4 11,648 CH
      152 words
    • Article
      Lock icon Lowest PTB portfolio
      172 8 JAN 28 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE Fortune Reit 0.673 1.7 8,749 QAF 0.620 1.6 15,500 Innotek 0.575 0.9 8,050 Guocoleisure 0.695 0.7 6,950 Singapore Land 7.620 0.5 15,240 Anwell Tech 0.490 0.0 8,134 China Flexible Packaging 0.185 0.0 5,365 China Merchants (Pacific) 0.725 0.0 7,975
      172 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      11 7 CATS Recruit The first door to your world of opportunities CLA/AUG06/g
      11 words
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      Lock icon Page 7 Advertisements Column 2
      140 7 Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. LUXURY TOURS TRAVEL PTE LTD The Leading Operator Established 1985 "Fullfilling your requirments with finesse" Our experienced team of planners takes charge right from the start. We offer you the best
      140 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Jurong Aromatics complex to start building in March
      575 9  -  Its US$1.56b finance package will be inked in mid-Feb By RONNIE LIM THE coming two months will see a couple of earli-er-planned multi-billion dollar investments on Jurong Island finally fall into place. Jurong Aromatics Corporation (JAC) is set to start construction of
      575 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      691 9 Payment Ex Books Pay Ann (cts) date close date date AIMS AMP Cap Ind Reit ag 0.510 31-Jan 02-Feb 15-Mar 26-Jan Ascendasreit ao 3.290 21-Jan 25-Jan 28-Feb 17-Jan Ascott R Trust ad 1.690 27-Jan 31-Jan 28-Feb 21-Jan Ascott R Trust ao 0.560 27-Jan 31-Jan 28-Feb 21-Jan Ascott R
      691 words
    • Article
      Lock icon 5-year MOH goal to upgrade home and institutional care
      349 9  -  Much better system can be expected by 2015 or 2018: Khaw By VICTORIA HO HEALTHCARE at home, nursing homes and community hospitals will take centrestage for the Ministry of Health (MOH) over the next five years, says Health Minister Khaw Boon
      349 words
    • Article, Illustration
      Lock icon Traditional flowers are ‘in’ this season
      402 9  -  Prices remain same as last year but sales are up at nurseries By MAXIE AW YEONG WHILE prices of flowers for the festive season have remained largely the same this year, sales at nurseries are up. And instead of looking to novel plants, buyers
      PHOTOS: YEN MENG JIIN  -  402 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      535 9 :»AT-=i NOTICES BUY IT-SELL IT-FIND IT IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SINGAPORE CSF PTE. LTD. (UEN:*****5211G) NOTICE OF RESOLUTIONS FOR MEMBERS’ VOLUNTARY WINDING UP (PURSUANT TO SECTION 290) At an Extraordinary General Meeting of the members of Singapore CSF Pte. Ltd.,
      535 words
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  • VIEWS FROM THE TOP
    • Article, Illustration
      Lock icon Ensuring stability
      4161 10 THIS WEEK’S TOPIC Are the new property-cooling measures too much, too little or just right? What more needs to be done to prevent a property bubble developing while keeping the market vibrant? Lee Lung Nien Chief Operating Officer Citi Singapore THE government’s actions were swift and decisive as
      YEN MENG JIIN  -  4,161 words
    • Article
      Lock icon Man Investments (Singapore) Pte Ltd
      18 11 ISIN-CODE NAME NAV DATE LU********** Man AHL Trend SGD Share SGD 97.46 24.01.11
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • Article, Illustration
      Lock icon Generational differences at work
      1172 12  -  The key to understanding people under 30 and those over 40 lies in recognising that people who grew up at different points in time have a disparate outlook towards life, says KAMAL KANT The writer is a lecturer on career matters at a local university WHETHERwelike
      1,172 words
    • Article, Illustration
      Lock icon Friendships and lessons for a lifetime
      854 12  -  CAMPUS LIFE By ADELINE CHONG The writer is a penultimate-year accountancy and business student and a Nanyang Scholar from Nanyang Business School, Nanyang Technological University MY journey began when I was invited last July to apply to lead Ivy League university Princeton’s student-run Business
      854 words
  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      271 12 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors’ Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      271 words
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  • ECONOMY WATCH
    • Article
      Lock icon Financial crises native to capitalism: analysts
      668 13 Changes made this time round not equivalent to those made after the Great Depression NYT [NEW YORK] The final judgment of the official inquiry into the 2008 financial crisis that it was an avoidable disaster, brought about by regulatory neglect and Wall Street recklessness
      NYT  -  668 words
    • Article, Illustration
      Lock icon Inflation cloud hangs over ECB meeting
      465 13 AFP [FRANKFURT] The European Central Bank is scheduled to meet here on Thursday to mull interest rates amid persistent inflation fears, though a landmark bond auction should let ECB policymakers breathe a little easier. The bank’s mandate is to ensure price stability, a topic
      AFP; REUTERS  -  465 words
    • Article
      Lock icon Investors drive tin to record high
      674 13 Reuters [JAKARTA] Investors driving tin prices to record highs risk getting trapped in the market, notorious for its ability to turn huge paper profits into monster losses. Technically, the bulls are holding all the cards, while rains in the tin producing regions of leading
      Reuters  -  674 words
    • Article
      Lock icon Russia may join WTO by end of this year: Lamy
      377 13 Reuters [DAVOS, Switzerland] Russia could conclude protracted negotiations and join the World Trade Organisation (WTO) this year, director-general Pascal Lamy said. “I believe Russian accession to the WTO before the end of this year is doable,” Mr Lamy told a
      Reuters  -  377 words
    • Article
      Lock icon Surge in feed costs threatens existence of EU farmers
      734 13 Reuters [MADRID] Farmers across the 27-country European Union bloc say many are deeply in the red after a surge in feed costs, largely driven by bad weather and worries of food inflation, and fear herds will shrink and many farms fall
      Reuters  -  734 words
  • Page 13 Advertisements
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      24 13 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      24 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Petronas blazes another trail
      612 14  -  Risk-sharing contracts for marginal oilfields are a win-win case MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent IN THE mid-1970s, big oil majors like Shell and Exxon threatened to pull out of Malaysia after national oil firm Petronas forcibly introduced productionsharing contracts (PSCs) spelling out new conditions for
      BLOOMBERG FILE PHOTO  -  612 words
    • Article, Illustration
      Lock icon Najib rolls out red carpet for Gulf investors
      547 14 Bernama Reuters [ABU DHABI] Malaysia has thrown its doors wide open to potential Gulf investors, with Prime Minister Najib Razak saying that there is enormous potential in the country to forge new bonds that will be mutually beneficial. In a 30-minute keynote
      Bernama; Reuters; BLOOMBERG FILE PHOTO  -  547 words
    • Article
      Lock icon BN retains Tenang in by-election
      394 14 Win indicates that support for BN still intact in heartland AFP Bernama [KUALA LUMPUR] The ruling Barisan Nasional has retained the Tenang state seat in a by-election yesterday after its candidate Mohd Azahar Ibrahim beat the opposition Parti Islam SeMalaysia’s (PAS) Normala Sudirman with a
      AFP; Bernama  -  394 words
    • Article
      Lock icon Indonesia suspends import duties on rice, soybean
      532 14 Reuters [JAKARTA] Indonesia will suspend import duties on rice, soybeans and wheat as part of government efforts to fight inflation and the president warned about the global risks posed by scarce resources, as countries grapple with escalating food costs. Rising food prices across
      Reuters  -  532 words
    • Article
      Lock icon BURSA MALAYSIA
      1925 14 VOL Jan 28 RM +/-(‘000) A M Realty 0.52 unch 5 Abric Bhd 0.43 0.01 431 Advance Synerg 0.25 0.01 6911 Adventa Bhd 2.47 0.01 443 Ae Multi Hldgs 0.40 -0.01 1459 Affin Holdings 3.59 0.07 910 Ahmad Zaki Res 1.11 -0.02 664 Aic Corp 1.10 -0.07 10
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon ICBC leads Chinese banks’ growth abroad
      686 15 The lenders restart plans that were put on hold due to the global crisis AFP [BEIJING] Industrial Commercial Bank of China, the world’s largest bank by market value, is proving to be the most aggressive Chinese bank in expanding abroad, serving Chinese firms that
      AFP  -  686 words
    • Article, Illustration
      Lock icon Indian police raid Buddhist abbey
      631 15 AFP [DHARAMSHALA, India] Indian police raided the monastery of a top Buddhist monk seen as the possible next spiritual leader for Tibet and seized hundreds of thousands of dollars in cash. Police swooped on the Karmapa’s monastery in Dharamshala, a hill station in northern India
      AFP; REUTERS  -  631 words
    • Article, Illustration
      Lock icon Foreign money in India drops by a third
      674 15 FDI deterred by red tape, infrastructure bottlenecks AFP [NEW DELHI] The amount of foreign money entering India has fallen by nearly a third, latest economic figures by India’s central bank show, despite scorching growth running at nearly 9 per cent. The culprits
      AFP; REUTERS  -  674 words
    • Article
      Lock icon US starting credit war: China firm
      545 15 Reuters [BEIJING] The United States is effectively printing cheap dollars as it implements an ultra-loose policy to spur its flagging economy, setting the stage for “a world credit war”, a Chinese ratings agency said. The Beijing-based Dagong Global Credit Rating, a relative newcomer in
      Reuters  -  545 words
    • Article
      Lock icon China Development Bank eyes WestLB stake
      300 15 Reuters [HONG KONG] State-owned China Development Bank is among the four final bidders to buy a large stake in stricken German lender WestLB in a deal that could be valued around US$13 billion, The Wall Street Journal reported. Other bidders in the fray are
      Reuters  -  300 words
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  • WORLD
    • Article, Illustration
      Lock icon Chaos reigns on the streets of Egypt
      642 16 The turmoil has sent shock waves through the Middle East MIDDLE EAST ANGST Reuters AFP [CAIRO] Egyptians faced lawlessness on their streets yesterday with security forces and ordinary people trying to stop looters after days of popular protest demanding an end to President
      Reuters; AFP  -  642 words
    • Article, Illustration
      Lock icon Djokovic beats Murray to win his second title
      784 16 This is the Scot’s 3rd straight-sets defeat in a Grand Slam final AUSTRALIAN OPEN Bloomberg Reuters [MELBOURNE] Novak Djokovic beat Andy Murray in straight sets to win his second Australian Open title, extending Britain’s 75-year wait for a men’s Grand Slam tennis
      Bloomberg; Reuters; AP  -  784 words
    • Article
      Lock icon They’re young, jobless, Arab and angry
      768 16 Economic cronyism, hard-line policing come home to roost AP [DUBAI] Just days before fleeing Tunisia, its embattled leader went on national television to promise 300,000 new jobs over two years. Egypt’s stunned President Hosni Mubarak did much the same on Saturday as riots gripped
      AP  -  768 words
    • Article
      Lock icon US coal producers to merge in US$7b deal
      376 16 Bloomberg [CHICAGO] Alpha Natural Resources, the third-big-gest US coal producer, agreed to buy Massey Energy for about US$7.1 billion in cash and stock, gaining the largest coal company in the US Central Appalachian region. Massey shareholders will receive 1.025 Alpha Natural shares
      Bloomberg  -  376 words
    • Article
      Lock icon Single currency area has turned the corner: leaders
      677 17 Euro’s survival no longer in doubt, says Barclays chief executive EUROZONE DEBT WOES Reuters [DAVOS, Switzerland] The eurozone’s debt crisis has turned a corner and any doubt about the survival of the single currency area has passed, European policymakers and international bankers
      Reuters  -  677 words
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      Lock icon Irish senate okays key finance bill
      602 17 AFP [DUBLIN] Ireland’s political parties geared up yesterday for embattled Prime Minister Brian Cowen to call for elections after the senate passed a key finance bill needed to meet the terms of an international bailout. The upper house of Parliament voted late on Saturday
      AFP; BLOOMBERG  -  602 words
    • Article
      Lock icon Investors losing faith in Belgium
      415 17 Reuters [BRUSSELS] Belgium is fighting a losing battle as it tries to sell its deficit reduction plan to international investors who remain worried about its lack of government, an executive at its debt agency told a newspaper. “It is fighting a losing battle to sell
      Reuters  -  415 words
    • Article
      Lock icon Telenor mulls legal action to block Vimpelcom deal
      486 17 Reuters [OSLO] Telenor is preparing for possible legal action to block Vimpelcom’s US$6 billion bid to expand its telecoms empire outside Russia, now that an attempt to build shareholder opposition looks doomed. Reuters talked to five independent Vimpelcom shareholders. Their responses indicated
      Reuters  -  486 words
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      Lock icon Australia battens down the hatches as storms approach
      608 17 AFP [SYDNEY] Flood-shattered Australia braced for further downpours yesterday as two tropical cyclones hammered toward the devastated north-east, threatening further misery for already submerged towns. Tropical Cyclone Anthony was intensifying as it closed in on Queensland state, where it was expected to
      AFP; AP  -  608 words
    • Article
      Lock icon Ford shares down 13% on disappointing Q4 profit
      555 17 Reuters [DETROIT] Ford Motor Co’s earnings have fallen far short of expectations on surging costs for new vehicle launches and an unexpected loss at its European business, driving its shares down by more than 13 per cent. The disappointing results, which also
      Reuters  -  555 words
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      Lock icon British minister defends tax hikes, spending cuts
      517 19 Opposition hits out at pace of austerity drive as govt popularity slumps Reuters [LONDON] Britain’s finance minister and his opposition party counterpart clashed yesterday on the pace of austerity cuts, after a series of negative economic data and a slump in the government’s
      Reuters; REUTERS/AP  -  517 words
    • Article
      Lock icon The World islands not eroding away: Nakheel
      545 19 AFP [DUBAI] A cluster of 300 artificial islands off Dubai’s coast in the shape of a global map is stable, its developer Nakheel insists, despite a court claim alleging that “The World” was neglected and eroding away. “There is no issue with the
      AFP  -  545 words
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      Lock icon Philippine tycoon eyes infrastructure projects
      500 19 AFP [MANILA] Manuel Pangilinan may have embarked on one of the Philippines’ most remarkable corporate buying binges over the past dozen years, but he is hungry for more. Since returning home in 1998 after more than two decades overseas, the investment banker has taken control
      AFP  -  500 words
    • Article
      Lock icon Norwegian daily does a wikileak – on WikiLeaks
      473 19 Norwegian daily does a wikileak on WikiLeaks AFP [OSLO] As if there isn’t enough intrigue around WikiLeaks and its enigmatic founder, a Norwegian daily that laid hands on the same US classified documents says that it has infuriated Julian Assange by playing his own game. Since last December, the daily
      AFP  -  473 words
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      Lock icon Facebook not worth US$50b: poll of investors
      556 19 Bloomberg [NEW YORK] Facebook Inc is not worth US$50 billion, according to a poll of global investors that shows scepticism about Goldman Sachs Group Inc’s recent estimate of the largest social networking site’s value and concern that a bubble may be forming in
      Bloomberg; BLOOMBERG  -  556 words
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  • FOCUS: WORLD ECONOMIC FORUM
    • Article
      Lock icon M&As make roaring comeback
      577 18 Report says MNCs in developed countries are sitting on US$4-5t in cash Reuters [DAVOS, Switzerland] Deal-making is back on the agenda as CEOs step up the hunt for ways to put a multi-tril-lion-dollar cash pile to work, triggering the busiest January for mergers and acquisitions (M&A)
      Reuters  -  577 words
    • Article
      Lock icon Leaders warn of looming currency wars
      322 18 AP [DAVOS] A fight is looming between rich and poor countries over the value of the US dollar and other key currencies, as governments use monetary tricks to boost their national recovery at the expense of other nations, political and business leaders warned. Washington
      AP  -  322 words
    • Article, Illustration
      Lock icon Bankers soften tone over regulation
      671 18 Mood turns less sour compared to the start of the forum Reuters [DAVOS] Top bankers adopted a softer tone after high-level meetings at the World Economic Forum on Saturday, thanking governments for shoring up the financial system in the hope of avoiding tighter regulation. But,
      Reuters; PHOTOS: AFP, BLOOMBERG  -  671 words
    • Article, Illustration
      Lock icon China has no need to revalue yuan: minister
      531 18 Trade chief says 2011 export growth will slow to 10% Reuters [DAVOS] China has no need to revalue its yuan currency for trade reasons, as export growth will slow to a still strong 10 per cent this year and its surplus is
      Reuters  -  531 words
    • Article
      Lock icon Exhausted global elites get burnout warning
      561 18 Costly rise in stress-linked illness from economic turmoil, working culture AFP [DAVOS] After a brutal four days of world leaders’ speeches, schmoozing and wild parties, exhausted global elites at the World Economic Forum (WEF) were warned of the growing dangers of burnout for society.
      AFP  -  561 words
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      84 18 PACC CONTAINER LINE PTE LTD NOTICE TO TRADE RATE RESTORATION EFFECTIVE 1 MARCH 2011 Please be informed that we will be implementing a Rate Restoration on 1 March 2011. With effect from 1 March 2011, we will be increasing our rates by a minimum of USD150.00 per TEU for all
      84 words
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      105 19 BENGAL TIGER LINE LTD NOTICE TO TRADE RATE RESTORATION WITH EFFECT FROM 1 MARCH 2011 We wish to inform the trade that we are implementing a Rate Restoration with effect from 1 March 2011. Our rates for all SOC shipments between Singapore/Port Klang and the following ports will be increased
      105 words
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  • AVIATION/SHIPPING
    • Article
      Lock icon Baltic index falls 4% to two-year low
      477 20 Chartering lull poised to continue due to Chinese New Year holidays Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, fell to its lowest in nearly two years on Friday as the market continued to struggle
      Reuters  -  477 words
    • Article, Illustration
      Lock icon US mulls plan to boost air cargo safety
      398 20 Talks underway to create a global vetting system AP [LONDON] The United States is in talks with its allies, airlines and maritime groups about creating a global vetting system for international cargo, Homeland Security Secretary Janet Napolitano has said. The “trusted shipper”
      AP; AFP  -  398 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 20 SGX '000 Jan 28 S$ +/-Vol CH Offshore 0.49 -0.02 342 Chuan Hup Hldg 0.26 unch 107 Cosco Corp 2.25 -0.02 4536 CWT Ltd 1.24 0.01 1924 Ezra Hldgs 1.67 -0.01 2461 First Ship Lea 0.44 unch 722 Freight Links 0.07 unch 1173 Grand Banks unch unch 0
      278 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3304 20 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ456 1245 --EY473 1940 VA7473 1940 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 Amsterdam LO4031 0605 LO4032 2350 SQ323 0605 SQ324 2350 US5410 0605 US5411 2350 AZ3992 1615 KL835 1615 Athens
      3,304 words
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      364 20 SOUTH EAST ASIA AND SOUTH ASIA AUSTRALIA TRADE FACILITATION AGREEMENT NOTICE TO TRADE BUNKER ADJUSTMENT FACTOR (BAF) Arising from the regular review of bunker prices, the following Lines in the South East Asia and South Asia Australia Trade Facilitation Agreement wish to inform the trade that with effect from 1
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      106 20 BUSINESS OPPORTUNITIES FOR FORWARDERS TRANSPORTERS LOGISTICS COMPANIES We are an established logistics company with more than 15 years of experience and we have been growing exponentially in the past 3 years. We have offices in Singapore, China, Malaysia, Indonesia and a well connected agency network around the world. We are
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  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      342 20 CRYPTIC CROSSWORD Across 1 High-flying crossword compilers? (3-7) 6 Sally’s first sweet potato (4) 10 Watch row about source of money (5) 11 Logic that ignores an upset (9) 12 Get rid of some lines, but make less (8) 13 Oxygen container holding last of the water (5) 15 Locate
      342 words
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  • DINING OUT
    • Article, Illustration
      Lock icon Forlino remains in good hands
      758 21  -  Mario Caramella has stirred in regional experience with a strong sense of contemporary Italian cuisine, says GEOFFREY EU NEW CHEF Forlino 1 Fullerton Road One Fullerton #02-06 Tel: 6877-6995 ITALIAN restaurant Forlino was a high-profile entry to the fine-dining scene in mid-2008, making waves with
      PHOTOS: ARTHUR LEE  -  758 words
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      24 21 DespiteChina's cooling measures 中国虽频频降温 propertyS-chips continue to seek out markets 房地产业龙筹股仍
      24 words
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      Lock icon Page 21 Advertisements Column 2
      1169 21 CONSOLIDATED BALANCE SHEET As at October 31 (millions of Canadian dollars) 2010 2009 ASSETS Cash and due from banks 2,574 2,414 Interest-bearing deposits with banks 19,136 19,103 21,710 21,517 Securities Trading 59,542 54,320 Available-for-sale 102,355 84,841 Held-to-maturity 9,715 9,662 171,612 148,823 Securities purchased under reverse repurchase agreements 50,658 32,948 Loans
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9348 22 Week ended: Jan 28 52-wks Tel Last Vol Week Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 3148 8Telecom 19 unch 1586 19.5 19 19 19.5 1.7 9.5 6.1 91 12 4.5 5834 A-Sonic
      9,348 words
    • Article
      Lock icon SGX CATALIST
      1868 23 52-wks Tel Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 1181 t AA Grp 5.5 +0.5 451 5.5 5 5 5.5 30.6 5.3 225 130 6222 t APStrategic 161 -5
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 23 Stock name Close Change CapMallsAsia 1.870 -0.020 CapitaLand 3.640 -0.010 CapitaMall 1.950 CityDev 11.740 -0.020 ComfortDelGro 1.620 -0.010 DBS Grp 15.140 +0.060 F&N 6.460 +0.010 Genting SP 2.040 -0.020 Golden Agri 0.700 -0.015 HK Land 7.230 -0.050 Stock name Close Change JMH 47.000 +1.600 JSH 28.640
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      Lock icon STOCKS ASIA
      2551 23 Transaction date: Jan 28 HONG KONG Vol HK$ +/-'000 Avic Int'L 0.35 -0.01 5490 Catic Shenzhen 3.20 0.08 164 Champion Tech 0.17 unch 7003 Chaoda Modern 5.53 -0.04 ***** Cheung Kong 132.30 -3.00 4896 China Aerospac 1.07 -0.03 6106 China East Air 3.70 -0.09 3213 China Eb Int'L
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 23 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 7 2 0 0 0 9 7 2 Manufacturing 51 124 58 8 10 23 59 134 81 Commerce 20 29 31 5 11 5 25 40 36 Tpt/Stor/Comms 8 29 8
      186 words
    • Article
      Lock icon SGX ETF
      930 23 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 6389 ABF SG Bond ETF 110 110.5 112 502.1 1070 761 CIMBAsean40 100US$ US1025 +15 153 1034 1020 1025 1030 41 335
      930 words
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      Lock icon GLOBALQUOTE
      81 23 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 6000 AVJennings A48 +0.5 21 48.5 46.5 48 51.5 3.6 7.3 3.8 125 55 16 6017 Genting HK US$ US44.5 -2.5 ***** 48.5
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 23 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 214,971 214,971 579,086 579,086 Manufacturing 1,920,704 283,837 2,204,541 1,386,321 9,146 1,395,467 Commerce 575,529 108,873 684,402 637,329 12,288 649,617 Tpt/Stor/Comms 687,857 6,327 694,184 876,119 1,644 877,763 Finance 127,544 100 127,644 1,135,323 13 1,135,336 Construction 164,349 29,986
      125 words
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  • Page 23 Advertisements
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      208 23 Chart GOLDcont 3 [Customize Monthly |J Candlestick 31 Update ll Seize the opportunities. Will gold break USD1500 before the New Year? i Seize the opportunities with Saxo: Trade Gold 'Live' with spot, futures and CFDs Trade Gold-related equities and ETFs/ETCs Automated trailing stops Advanced charting functionality <■' Customisable 'drag and
      208 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 24 In local curr In S$ In US$ dy yr dy yr dy yr Jan 28 Index Change Change Change Change Change Change World Index Preliminary 915.2 -1.0 9.9 -0.8 2.1 -1.2 11.7 EAFE Preliminary 817.4 -1.0 4.1 -0.9 -2.0 -1.2 7.2 Europe Preliminary 1193.1 -1.0
      374 words
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      Lock icon INTERBANK RATES
      177 24 Jan 28 $S Offer Bid 0vernight 3/16 1/16 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.1875 US$ 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 12
      177 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      23 24 Jan 28 S$ S$ Bid Offer 1-month 1.2813 1.2818 2-months 1.2812 1.2818 3-months 1.2812 1.2817 6-months 1.2810 1.2815 Source: OCBC
      23 words
    • Article
      Lock icon SICOM FUTURES
      150 24 Jan 28 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Feb 11 570.0 565.0 570.0 40 492 Mar 11 570.0 440 Apr 11 570.0 437 May 11 570.0 200 Jun 11 570.0 368 Jul 11 568.0 565.0 568.0 40
      150 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      84 24 Jan 28 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 28.04.2011 0.33 1-Year BY*****N 01.11.2011 0.40 0.37 0.37 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.41 102.47 102.42 5-Year N*****0S 2.875 01.07.2015 107.00
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    • Article
      Lock icon CHICAGO BOT
      107 24 Jan 28 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 11 1398.00 1399.50 1423.25 1392.50 May 11 1408.25 1410.00 1433.50 1403.00 Jul 11 1413.50 1415.75 1437.50 1409.50 Aug 11 1386.50 1391.25 1411.25 1383.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 11 57.27
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 24 CRUDE OIL PRODUCTS Jan 27 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 97.64 0.65 WTI (Near Mth) 85.60 -1.88 Dubai (1-Mth F) 92.95 0.91 Tapis blend 101.55 1.15 Minas 97.55 1.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.28 1.45 Jet Kerosene 111.62 1.46 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2889 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 28 -1.5 605 1 10 -6 1.45 58 6221 Asia-Pacific Strategic W*****6 33 1 150 14 4.88 40 6227 ASJ Hldgs W*****1 3 1 980 1
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 24 Jan 28 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.308 1.234 Can dollar 1.309 1.259 Euro 1.789 1.721 Sterling pound 2.073 1.994 NZ dollar 1.014 0.966 US dollar 1.298 1.249 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 24 Jan 28 Open High Sett STI Jan 3230 SIMSCI Jan 382.2 383.0 381.3 Taiwan Feb 325.3 326.9 326.2 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      65 24 Jan 28 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 11 3743 3765 3773 3740 1214 4979 Mar 11 3745 3743 3756 3730 1644 ***** Apr 11 3695 3700 3716 3675 ***** ***** May 11 3624 3651
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      433 24 Jan 28 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.6600 0 3280 Jun11 99.5950 0 1374 Sep11 99.4900 0 2264 Dec11 99.3250 0 768 EUROYEN TIBOR FUTURES Mar11 99.6625 0 3108 Jun11 99.6475 0 1122 Sep11 99.6350 0 786 Dec11 99.6150 103 1688 Mar12 99.5900
      433 words
    • Article
      Lock icon INTERBANK CROSS RATES
      466 24 Jan 28 Jan 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.986 6.518 0.723 7.709 45.276 89.370 0.818 11.023 3.023 1.283 84.802 43.646 1.268 7.034 0.936 28.710 30.795 0.624 0.990 Canada
      466 words
    • Article
      Lock icon SIBOR
      87 24 Jan 28 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** Jan 28 6 mths 0.***** 9 mths 0.*****
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 24 Jan 28 Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2678 1.2691 0.9894 0.9900 Canadian dollar 1.2853 1.2864 1.0030 1.0035 Euro 1.7541 1.7552 1.3689 1.3692 NZ dollar 0.9882 0.9892 0.7712 0.7717 Sterling pound 2.0324 2.0339
      156 words
    • Article
      Lock icon PRECIOUS METALS
      140 24 Jan 28 GOLD (US$/oz) Jan 27 Jan 28 Hong Kong 1340.50 1317.00 Jan 28 Jan 27 London 1329.10 1327.40 1330.00 1328.20 Source: Thomson Reuters Source: Thomson Reuters CAST BAR Jan 28 (S$) Selling Buying Kilobar 58,303.23 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 131 54 5gm 371
      140 words
    • Article
      Lock icon LONDON METALS
      71 24 Jan 28 Jan 28 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2463.75 2408.75 3 months 2472.00 2427.00 Copper, Grade A (US$/tonne) Cash 9544.50 9451.50 3 months 9530.00 9441.00 Lead (US$/tonne) Cash 2516.50 2479.00 3 months 2437.50 2420.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon LIFFE
      82 24 Jan 28 COCOA (£/tonne) Close Prev High/Low Mar 11 2164 2200 2210/2156 May 11 2143 2180 2185/2136 Jul 11 2133 2170 2176/2126 Sep 11 2122 2160 2157/2115 COFFEE (US$/tonne) Close Prev High/Low Jan 11 2100 2061 2122/2070 Mar 11 2129 2090 2137/2080 Jul 05 2156 2118 2164/2108 Jul 11
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    5862 25 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.
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  • Page 26 Advertisements
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      28 26 r FREIGHT FORWARDER urgently needed by shippers 1 Can they find your here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327
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  • BizIT
    • Article, Illustration
      Lock icon Economic growth will drive ‘openness’
      704 27  -  Barry Libert, CEO of Mzinga, is hoping to see the Singapore government website go from being a broadcast to two-way dialogue, <the bizIT interview> reports VICTORIA HO THE willingness to engage in open discussion for both countries and businesses is tied to economic growth, says
      704 words
    • Article
      Lock icon Google to release tablet version of Android soon
      400 27 AP [SAN FRANCISCO] Google Inc is getting closer to releasing a version of the Android software meant for tablet computers, one that will include a fresh look and updated Web browser and keyboard. The online search leader said on Wednesday that it
      AP  -  400 words
    • Article, Illustration
      Lock icon S’pore helping to seed ICT initiatives abroad
      766 27  -  About 30 countries keen to adopt Republic’s best eGovt practices: IDA By RAJU CHELLAM EVER since Singapore embarked on a unique initiative to take the lessons learnt from its forays into eGovernment and eCitizen enablement, a slew of governments from around the world
      766 words
    • Article, Illustration
      Lock icon Black Eyed Peas frontman joins Intel
      276 27 Reuters [SAN FRANCISCO] Black Eyed Peas frontman will.i.am has taken a job at Intel to help innovate how music and other multimedia are used with smart phones and tablets. The Grammy-winning musician was introduced on Tuesday as Intel’s new director of creative innovation, already
      Reuters; REUTERS FILE PHOTO  -  276 words
    • Article
      Lock icon Lenovo banks on LePad, LePhone to fend off Apple
      461 27 Bloomberg [BEIJING] Lenovo Group Ltd, China’s biggest maker of personal computers, said that it is counting on its LePad tablet computer and LePhone smartphone to fend off Apple Inc’s expansion in the country. “We have an extreme focus on the innovation
      Bloomberg  -  461 words
    • Article
      Lock icon AMD launches new-generation chip
      153 27  -  By VICTORIA HO MORE than 35 PC models powered by AMD’s new-generation chip will descend upon the Asia-Pa-cific within the first half of the year. Last week, the chipmaker kicked off its regional launch at its AMD Tech Fusion Day event held here. The Fusion family
      153 words
    • Article, Illustration
      Lock icon Playing games can be serious business
      931 28  -  MDA rolls out initiatives to encourage the development of serious computer games games for education and training purposes, reports AMIT ROY CHOUDHURY IN an effort to promote the use of computer games not only for education but also for training in various disciplines such
      931 words
    • Article
      Lock icon HP shoots vertically for the clouds
      588 28  -  By VICTORIA HO HEWLETT-PACKARD’S latest cloud strategy will focus on securing a number of showcase clients by verticals in Singapore. Over the past 14 months, the company has been working quietly with some big-name clients, and is soon expected to announce a slew of
      588 words
    • Article
      Lock icon Cloud cover for new IT
      1071 28  -  Cloud computing puts customers in control in consumption of IT services <you say> By WERNER VOGELS The writer is chief technology officer, Amazon Web Services THE beginning of a new year is often a good time to review current practices and plan thoughtful changes that
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      Lock icon Cyber attack kits becoming easier to use
      553 28  -  By AMIT ROY CHOUDHURY A NEW study by security company Symantec shows that cyber attack kits software used by criminals to infiltrate computers and steal data have become more accessible and relatively easier to use. “This has attracted traditional criminals who would otherwise
      553 words
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