The Business Times, 2 February 2011

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Microfilm: NL31045
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 Sjil A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, February 2,2011
    23 words
  • Article, Illustration
    Lock icon Developer shoots for moon on Capitol site but braces for chiĺ
    782 1  -  By KALPANA RASHIWALA [SINGAPORE] The $750 million mixed development project that will come up on the Capitol site will include some 60-70 luxury apartments which are expected to be launched in the third or fourth quarter of this year.
    YEN MENG JIIN  -  782 words
  • Article, Illustration
    Lock icon Protests shake Egypt, echoes reach Jordan
    752 1  -  Protesters set Friday deadline; markets nervous, Islamic bonds fall as Jordan axes PM By CONRAD TAN [SINGAPORE] An uneasy calm settled over financial markets yesterday as immediate fears that the unrest in Egypt would trigger violence elsewhere in the Middle East receded. But echoes
    752 words
  • Article
    Lock icon MARKETS DIGEST
    140 1 GST INDEX 3,184.74 (+5.02) GST INDEX FUTURES 3,185 (+7) HSIMSCI 375.84 (-0.13) HSIMSCI FUTURES 375.80 (-0.20) FOREX US$ S$ US$ (S$ per US$) 1.277 (US$/S$ per 1.606 2.051 EURO (US$/S$/E) 1.374 1.755 Foreign currency per US$ S$ YEN 81.80 64.10 RM 3.062 2.397 HK$ 7.791 6.099 BAHT 30.89
    140 words
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      Lock icon Page 1 Advertisements Column 1
      27 1 COMMENTARY Encouraging R&D by fine-tuning tax rules PAGE 20 TransportHUB Strait Talk: Marine insurers’ challenges I PAGE 17 Mitsui eyes car-sharing schemes in region I PAGE 19
      27 words
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      12 1 HOCK LOCK SIEW Do more to boost liquidity PAGE 4 *****1 *****4
      12 words
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      155 1 OPINION What the TPP is really about PAGE 21 EXECUTIVE MONEY Tax goodies to make S’pore a home to all PAGE 28 the ON PATERSON HILL BEYOND EXPECTATION A 15-METRE CANTILEVERED POOL EXTENDS BEYOND THE IMAGINATION IN EVERY RESIDENCE. SC GLOBAL DEVELOPMENTS CELEBRATES THE IMMINENT COMPLETION OF THE MARQ AT
      155 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      597 2 Protests shake Egypt, echoes reach Jordan AN uneasy calm settled over financial markets yesterday as immediate fears that the unrest in Egypt would trigger violence elsewhere in the Middle East receded. But echoes from Cairo reverberated in Jordan where King Abdullah replaced his prime minister and told his
      597 words
    • Article, Illustration
      Lock icon Redas gets new boss after election twist
      463 2  -  By KALPANA RASHIWALA [SINGAPORE] Wong Heang Fine, CEO of CapitaLand Residential Singapore, was yesterday elected the new president of the Real Estate Developers Association of Singapore (Redas). Sources say that this followed Amara Holdings CEO Albert Teo’s decision to decline the position. He
      463 words
    • Article, Illustration
      Lock icon Keep momentum in joint recovery efforts: IMF chief
      507 2  -  Asia must step up to ‘new leadership role’ in helping resolve world’s problems Reports by ANNA TEO [SINGAPORE] There should be no let-up in the pace of international cooperation as the global recovery now underway is “beset by tensions and strains”, International
      507 words
    • Article
      Lock icon Asia may need to raise rates further
      353 2 [SINGAPORE] With looming risks of overheating in their fast-growing economies, Asia may yet need to further raise interest rates, the head of the International Monetary Fund (IMF) suggested yesterday. “In Asia, recent rate actions were the right decision though more may be needed,”
      353 words
    • Article, Illustration
      Lock icon Stratospheric EPL transfer game
      866 2  -  Liverpool and Chelsea up the stakes, paying record amounts for players. Will it pay off? COMMENTARY MALMINDERJIT SINGH Correspondent [SINGAPORE] THE economics of the English Premier League (EPL) was turned on its head on Monday, the last day of the transfer window when Liverpool and Chelsea
      REUTERS  -  866 words
    • Article
      Lock icon PM Lee pledges to keep housing affordable
      453 3  -  Government to do more to stabilise the market should it become necessary By JOYCE HOOI [SINGAPORE] The government will do more to stabilise the property market should the occasion call for it, Prime Minister Lee Hsien Loong said in his Chinese New Year
      453 words
    • Article, Illustration
      Lock icon Remisiers lose lunch, get gadget break
      495 3  -  By JOYCE HOOI [SINGAPORE] Remisiers might have lost their lunch break, but they will be able to buy iPads, Blackberrys or other similarly nifty mobile devices for a song after a $400 rebate. The Society of Remisiers (Singapore) announced yesterday that all of its
      495 words
    • Article
      Lock icon Apt time to enter Macau gaming market: analysts
      795 3  -  Genting may make a move due to ties with MGM Mirage By GRACE LEONG [SINGAPORE] As the family feud over casino magnate Stanley Ho’s holdings continues to unfold, analysts now suggest that this could be an opportune time for other players to
      795 words
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  • Page 3 Advertisements
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      66 3 PARMIGIANI i JS HERITAGE IN THE MAKING THE TONDA HEMISPHERES COLLECTION Entirely manufactured in Les Ateliers Parmigiani in Switzerland nrr WWW.PARMIGIANI.CH Exclusively At SINGAPORE KUALA LUMPUR JAKARTA BANGKOK PARAGON T: (65) 6333 6663 MARINA BAY SANDS T: (65) 6688 7777 STARHILL GALLERY T: (603)2141 3131 GALLERIA GRAND HYATT T: (6221
      66 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon 39 IPOs lift SGX’s market cap by $51b in 2010
      487 4  -  These compare with 29 IPOs boosting market cap by $10.4b in 2009 By MICHELLE QUAH largest Shariah-compliant real estate investment trust Sabana Shariah Reit. SGX listings head Lawrence Wong said: “The 39 IPOs have further strengthened our listing position as
      FILE PHOTO  -  487 words
    • Article
      Lock icon MAS issues warning to China Yongsheng
      386 4  -  Purchase of land in Suzhou not promptly disclosed By NISHA RAMCHANDANI THE Monetary Authority of Singapore (MAS) yesterday issued China Yongsheng a warning for failing to promptly disclose material information relating to the acquisition of a land parcel in Suzhou, China. The Catalist-listed company
      386 words
    • Article
      Lock icon Do more to boost liquidity – for everyone’s benefit
      691 4  - Do more to boost liquidity for everyone’s benefit HOCK LOCK SIEW By R SIVANITHY INTUITIVELY, most investors would know that an illiquid stock is riskier than a liquid one and, all other things being equal, should therefore command a lower price. Finance theory actually confirms this intuition. Stocks that are
      691 words
    • Article
      Lock icon SATS Q3 earnings dip to $51.2m
      431 5  -  4.1% drop due to lower non-aviation revenue and rising expenditures By VEN SREENIVASAN SATS Ltd saw flattish topline growth and a dip in net profit for the October-De-cember 2010 third quarter due to smaller contributions from its non-aviation segment and rising expendi- tures. Net
      431 words
    • Article
      Lock icon At a glance
      170 5 Full year and Q4 results ended Dec 2010 Full year ended Dec 2010 Q4 ended Dec 2010 NET PROFIT (S$M) TURNOVER (S$M) COMPANY CURRENT PREVIOUS CHG CURRENT PREVIOUS CHG 1 Cerebos Pac 145.57 82.77 nm 1,194.75 775.20 nm 42.59 36.83 nm 270.68 258.64 nm 2 Tuan Sing
      170 words
    • Article, Illustration
      Lock icon Cerebos to pay dividend of 32¢ per share
      404 5  -  It posts 16% rise in net profit to $42.6m for Oct-Dec quarter By VEN SREENIVASAN CASH-RICH health foods and sauces maker Cerebos Pacific unveiled a strong set of results and announced a dividend payout of 32 cents per share yesterday. The company
      404 words
    • Article
      Lock icon Hour Glass Q3 net profit rises 22% to $10.94m
      329 5  -  By FELDA CHAY LUXURY watch retailer The Hour Glass said that net profit for its third quarter rose 22 per cent to $10.94 million from a year ago. This translates into earnings per share of 4.67 cents for the October-December period,
      329 words
    • Article
      Lock icon Revaluation boosts Tuan Sing earnings
      642 7  -  53% rise in full-year net profit to $68.2m; growth seen staying strong By VEN SREENIVASAN PROPERTY group Tuan Sing Holdings unveiled a strong set of results and said its earnings growth would remain strong through the middle of the decade as it continuously brings more
      642 words
    • Article, Illustration
      Lock icon Otto Marine strikes deal to penetrate Australian market
      380 7  -  Loan-cum-stake accord with Go Marine Group By JOYCE HOOI OTTO Marine has set its sights on Down Under, entering into a convertible loan agreement with Australian ship operator Go Marine Group Pty Limited. Through its subsidiary Otto Ventures Pte Ltd Otto Marine
      FILE PHOTO  -  380 words
    • COMPANY BRIEFS
      • Article
        Lock icon Magnus Energy expects to be back in the black
        89 7 MAGNUS Energy Group is expecting to report a net profit for the six months ended Dec 31, 2010, compared to a net loss a year ago. This is mainly due to better gross margin and the reduction of operating costs arising
        89 words
      • Article
        Lock icon Boustead wins deal from Hawker Pacific Asia
        64 7 BOUSTEAD Singapore said that its 91.7 per cent-owned subsidiary, Boustead Projects, has been awarded a contract to design, build and lease a private jet sales and service facility for Hawker Pacific Asia located at Singapore’s Seletar Aerospace Park. Expected to be completed in
        64 words
      • Article
        Lock icon Azeus wins HK$70m contract from HK government
        65 7 AZEUS Systems Holdings, a provider of IT consultancy services based in Hong Kong, announced that it has been awarded a contract worth an estimated HK$69.97 million (S$11.4 million) from the Hong Kong government for application maintenance services for 53 application systems of a
        65 words
      • Article
        Lock icon Hyflux files arbitration notice over Hyflux Filtech (Singapore)
        123 7 HYFLUX has filed a notice of arbitration with the Singapore International Arbitration Centre for its disputes with Ashcraft Holdings, which had arisen from the establishment of Hyflux Filtech (Singapore) Pte Ltd (HFS). On Jan 17, Hyflux served a deadlock put option notice
        123 words
    • Article
      Lock icon Quotation of taxable book-entry Singapore Government Bonds (Jan 31,2011)
      267 7 CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) GROSS REDEMPTION YIELD p.a.) NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT ($m) COUPON RATE p.a.) YEAR RAISED ISIN CODE MATURITY DATE 01.07.2011 NX*****H 2001 3 5/8 6800.00 1/1 1/7 30 101.35 0.38 SG**********
      267 words
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      2391 4 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg TURI ENTERPRISE PTE LTD COMPANY REGISTRATION NO. *****2581D (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY WAS DEEMED TO HAVE BEEN DULY HELD ON THE 25TH DAY OF JANUARY 2011
      2,391 words
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      204 4 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF BATAMIEN PTE LTD (In Members’ Voluntary Liquidation) Co. Reg. No: *****1410K NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act (Cap. 50) that the Final General Meeting of the
      204 words
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      36 5 For us, private banking means gaining trust by providing rl PT1 T £*11 security. Also yours: +65 6532 5325 or www.claridenleu.com v Clariden Leu Ltd., Singapore Branch, Singapore swiss PRIVATE BANKING SINCE 1755 Registration No. T05FC6718B-PTE-01
      36 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Prices stabilise in quiet session
      588 6  -  STI manages a mere five-point increase; Jardine group members lead index stocks STOCKS R SIVANITHY Senior Correspondent AFTERlosing50points on Monday and slipping into the red for the year, the Straits Times Index yesterday managed an unconvincing 5.02-point rise to 3,184.74, probably thanks to short-covering ahead
      Source: Bloomberg  -  588 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Feb 1 VALUE CLOSE BT OB/OS -718.00 +91.00 BT CADI -*****.00 +85.00 BT 10-day MA -*****.00 -71.00 FTSE ST Mid Cap 799.17 +6.46 FTSE ST Small Cap 592.18 +4.95 FTSE ST All Share 789.68 +2.38 FTSE ST China Top 293.28 +3.64 FTSE ST China 319.99 +5.24 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 6 VOLUME NexGenSCom W*****2 70,309,000 Golden Agri 65,383,000 Genting SP 41,980,000 NexGenSCom 35,858,000 JES 29,257,000 MapletreeInd 25,762,000 ChinaGaoxian 22,474,000 GMG Global 21,779,000 SingTel 20,981,000 Sri Trang 20,811,000 VALUE($) DBS Grp 91,625,780 Genting SP 85,736,010 SIA 82,579,628 SingTel 64,749,960 Keppel Corp 60,428,553 CapitaLand 58,150,030 UOB 54,044,830 Golden Agri 46,935,795
      56 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 3 1 0 0 0 10 3 1 Manufacturing 67 39 62 5 6 12 72 45 74 Commerce 19 16 21 3 3 3 22 19 24 Tpt/Stor/Comms 20 12 10
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,909 17,909 81,118 81,118 Manufacturing 227,311 11,577 238,888 209,968 819 210,787 Commerce 87,991 7,527 95,518 90,216 1,101 91,316 Tpt/Stor/Comms 91,397 1,170 92,567 221,441 318 221,759 Finance 22,417 22,417 220,108 220,108 Construction 8,253 6,766 15,019 2,920
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 6 Stock name Close Change CapMallsAsia 1.920 +0.050 CapitaLand 3.560 -0.040 CapitaMall 1.890 -0.010 CityDev 11.500 +0.140 ComfortDelGro 1.570 -0.010 DBS Grp 15.000 -0.020 F&N 6.140 -0.210 Genting SP 2.050 +0.030 Golden Agri 0.720 +0.015 HK Land 7.300 +0.260 JMH 46.940 +0.320 JSH 28.240 +0.140 Jardine C&C
      112 words
    • Article, Illustration
      Lock icon Euro hits 2-mth peak; A$ at 4-week high
      482 6 CURRENCIES Reuters [LONDON] The euro rallied to its highest level against the US dollar in more than two months yesterday, boosted by signs that increasing inflation pressures will prompt a much faster rise in eurozone than US interest rates. The Australian dollar
      Reuters; AFP  -  482 words
    • Article
      Lock icon RISES
      107 6 BY CENTS CLOSE UP IS S&P500 ***** 203.0 1.2 DBXT E50 10US$ 4437 144.3 2.6 DBXT MSAsExJp 10US$ 3334 54.9 1.3 GLD 10US$ ***** 46.0 0.3 JMH 4694 40.9 0.7 db x-trackers FTSE C 3114 34.5 0.9 HK Land 730 33.2 3.7 DBXT FTVietnam 10US$ 3892 28.1 0.6 Lyxor
      107 words
    • Article
      Lock icon FALLS
      116 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-113.6 -0.7 DBXT S&P Short 10US$ 4401 -60.0 -1.1 Jardine C&C 3352 -48.0 -1.4 CIMBAsean40 100US$ 989 -39.6 -3.0 CityDev.ES.1102 1150 -38.0 -3.2 SIA.ES.1102 1472 -28.0 -1.9 DBXT MSUSA 10US$ 3067 -24.3 -0.6 Lyxor AsiaRE 10US$ 983 -23.0 -1.8 Great Eastern 1546
      116 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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      Lock icon Page 6 Advertisements Column 1
      156 6 Phillip Futures Your Trusted Trading Partner 2008-2011 Years for the Past 2003 2007 and More 2001 2002 1994-1999 Phillip Futures offers: 1987 -1993 1983 -1986 Attend our FREE seminars and equip yourself with relevant and timely market knowledge to help you stay ahead Please visit www.phillipfutures.com.sg for seminar registration or
      156 words
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      Lock icon Page 7 Advertisements Column 1
      44 7 i"7_y Xj C LTUHND THE ONES K 51 U J THAT FIT! 1 5 pRecruit the right people j I through CATS Recruit. i "1 Cl Call 1800 289 8822 or email 1 v l-~\ recruit@sph.com.sg V i tn aHuorticp _J ra v C
      44 words
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      404 7 MAT3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAR 50 AND IN THE MATTER OF S-BIRDS LIMITED (In Members' Voluntary Liquidation) Reg No. *****4465M (the "Company") NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 21 Collyer Quay, #10-01, HSBC Building,
      404 words
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      1226 7 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg K H INVESTMENT COMPANY PRIVATE LIMITED COMPANY REGISTRATION NO. *****0093M (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY WAS DEEMED TO HAVE BEEN DULY HELD ON THE 25TH DAY OF
      1,226 words
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      434 7 KHC COMPANY PTE LTD COMPANY REGISTRATION NO. *****1551H (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY WAS HELD AT 15 SCOTTS ROAD #08-03 THONG TECK BUILDING SINGAPORE *****8 ON THE 24™ DAY OF JANUARY 2011 AT 10.30
      434 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Labour costs the biggest worry for businesses: survey
      431 8  -  Top three wishes from the Budget are rental rebates, lower property taxes and utilities rebates By NISHA RAMCHANDANI LABOUR costs and stiffer sales competition are the biggest challenges faced by the local business community this year, according to a survey. The poll
      431 words
    • Article
      Lock icon Training lifts productivity for accountants: survey
      467 8  -  But bosses shy from extending training beyond core skills By MICHELLE QUAH ACCOUNTING-TRAINED professionals said they benefited from the training they received in the past year, but added that employers were still reluctant to train them in areas beyond their core competencies. Such were
      467 words
    • Article, Illustration
      Lock icon May this Rabbit Year repeat the last two
      300 8  -  By ARTHUR LEE WHAT can we hope for in the Year of the Rabbit? According to the Chinese Zodiac, rabbits are refined, gracious, quiet, well mannered and intellectual. They can also be moody, detached, superficial, self-indulgent, opportunistic and stubborn. Geomancers hold different
      ARTHUR LEE  -  300 words
    • Article
      Lock icon Jan manufacturing grows at slower pace
      345 8  -  Fall in new orders, lower inventory and output lead to dip By NISHA RAMCHANDANI SINGAPORE’S manufacturing economy grew for a fourth straight month in January, but at a slightly slower rate than the previous month. At 50.5 points, Singapore’s Purchasing Managers’ Index (PMI) for
      345 words
    • Article, Illustration
      Lock icon 88 Waterfront Isle units sold at preview
      316 8 FAR East Organization and Frasers Centrepoint have sold 88 units in their 561-unit Waterfront Isle development in the Bedok Reservoir area over the last few days. The developers released 132 units in the 99-year leasehold project at a preview which started on Jan
      316 words
    • Article
      Lock icon Infocomm revenues hit $32.5b in 2009
      318 8  -  By LINETTE LIM OPERATING receipts of the information and communication services (infocomm) industry grew 5.2 per cent to $32.5 billion in 2009, says the Singapore Department of Statistics (SingStat) in the latest report of its Economic Surveys Series. The survey categorised the industry into
      318 words
    • Article
      Lock icon INSEAD goes up a notch in FT rankings
      254 8 INTERNATIONAL business school INSEAD has risen to fourth position in the Financial Times (FT) global rankings of the top 100 Master of Business Administration programmes this year. Up from fifth position last year, the MBA programme remains the high-est-ranked offering in Asia.
      254 words
    • Article
      Lock icon 7 in 10 say CPF funds not enough to retire on: survey
      374 8  -  By EMILYN YAP WORK longer, buy insurance or invest. These are the three main ways in which Singapore residents will be financing their retirement, should they have insufficient Central Provident Fund (CPF) savings. These are some of the
      374 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Greek debt outdo counterparts
      513 9 3.8% return in Jan was thanks to ECB’s persistent buying, strategists say Bloomberg [LONDON] The mantra “Don’t Fight the Fed” has saved many Treasury traders. And investors in eu-ro-denominated debt are learning to treat the European Central Bank (ECB) with the same respect. Greek debt beat
      Bloomberg; AP  -  513 words
    • Article
      Lock icon Pimco chief slams critics of higher US debt limit
      698 9 Bill Gross describes the Republican strategy as reckless AP [NEW YORK] The world’s largest bond investor says the fight over raising the United States’ borrowing limit threatens to throw the debt market into a tailspin. “It’s the wrong way to do
      AP  -  698 words
    • Article
      Lock icon RBA keeps benchmark interest rate unchanged
      436 9 Bloomberg [SYDNEY] The Reserve Bank of Australia (RBA) kept its benchmark interest rate unchanged and said it will “look through” the near-term impact on growth and prices of flooding across the nation’s east coast. Governor Glenn Stevens left the overnight cash rate target at
      Bloomberg  -  436 words
    • Article, Illustration
      Lock icon South Korea inflation climbs to 4.1% in January
      491 9 Bloomberg [SEOUL] South Korean inflation accelerated more than forecast in January, breaching the central bank’s 4 per cent ceiling and adding to the case for another increase in borrowing costs as early as next week. The consumer-price index rose 4.1 per cent
      Bloomberg; BLOOMBERG  -  491 words
    • Article
      Lock icon Brazil banks selling record amount of debt
      510 9 Bloomberg [NEW YORK] Brazilian banks are selling a record amount of debt in international markets after a fraud probe into Banco Panamericano SA and quickening inflation prompted the central bank to boost capital requirements. The US$3.6 billion of debt sold by Brazilian lenders
      Bloomberg  -  510 words
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  • MALAYSIA/INDONESIA
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Taiwan growth of 10.47% highest in 23 years
      297 11 But it will slow to half that figure in 2011, based on initial estimates AFP [TAIPEI] Taiwan’s economy grew 10.47 per cent in 2010, its fastest rate in 23 years, but it will slow to half that figure in 2011, the government
      AFP  -  297 words
    • Article, Illustration
      Lock icon Baidu Q4 results drive shares up 7.7%
      420 11 Reuters [SHANGHAI] Baidu Inc beat fourth-quarter estimates and painted a bright near-term outlook as it bets on large advertiser spending and new Chinese Internet trends, such as social networking, to spur growth. Shares of Baidu, a favourite pick of hedge funds, rose 7.7
      Reuters; REUTERS  -  420 words
    • Article, Illustration
      Lock icon India manufacturing picks up in Jan
      464 11 This may push the central bank to raise interest rates again Bloom berg [NEW DELHI] India’s manufacturing growth accelerated in January, adding to the case for the central bank to extend Asia’s fastest interest-rate increases in the past year to curb inflation. The Purchasing
      Bloomberg; BLOOMBERG  -  464 words
    • Article
      Lock icon Manufacturing growth in China slows in January
      222 11 AFP [SHANGHAI] Manufacturing growth in China slowed in January, official figures released yesterday showed, but rising input costs signalled Beijing has not yet tamed inflation. The country’s Purchasing Managers Index (PMI) fell to 52.9 in January from 53.9 in December, the China Federation
      AFP  -  222 words
    • Article
      Lock icon Gold from sunken ship found in Mumbai
      158 11 AFP [MUMBAI] Indian labourers have unearthed gold bars from a British cargo ship that blew up killing hundreds of people while docked in Mumbai during World War II, a report said yesterday. The Mumbai Mirror newspaper said that workers discovered gold bars from
      AFP  -  158 words
    • Article
      Lock icon China to spend big on nuclear power, high-speed rail
      398 11 Reuters [BEIJING] Nuclear power and high-speed rail will top the focus of China’s plan to invest US$1.5 trillion in seven key industries and shift the world’s number two economy away from its role as a supplier of cheap goods, sources said.
      Reuters  -  398 words
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      133 11 LEAP INTO ABUNDANCE Usher in the Year of the Rabbit with culinary indulgences at Pan Pacific Singapore! Savour classic Cantonese dishes at HaiTien Lo and enjoy a Yu Sheng abundance of Baby Abalone, Surf Cla Norwegian Salmon and Tuna Belly Toro. Feast on tantalising buffets at Global Kitchen, featuring tempting
      133 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Manufacturing index rises more than expected in Jan
      552 12 Housing remains a drag as construction spending slips 2.5% in Dec to the lowest in a decade LATEST US DATA Reuters Bloomberg [NEW YORK] The US manufacturing sector expanded in January, and prices paid jumped more than expected, according to an industry
      Reuters; Bloomberg  -  552 words
    • Article
      Lock icon Spain gets a boost as S&P upholds its rating
      403 12 AP [MADRID] Standard Poor’s has given Spain a welcome boost by affirming its credit rating yesterday, in another sign that the government debt crisis that threatened to sink the euro has come off the boil, at least for the moment. The
      AP  -  403 words
    • Article, Illustration
      Lock icon Queensland braces for Cyclone Yasi
      484 12 Cairns expected to bear brunt of latest storm, landing today AP [SYDNEY] Military helicopters evacuated hospital patients yesterday as the authorities ordered thousands of people to flee a powerful, “life-threaten-ing” cyclone roaring towards waterlogged north-east Australia. Cyclone Yasi was forecast to directly hit the far
      AP; AFP  -  484 words
    • Article, Illustration
      Lock icon Alpha Natural buying Massey in most expensive deal in industry’s history
      742 12 Massey is valued at US$8.5b, 10 months after mine accident Bloomberg [NEW YORK] Coal demand is so great Alpha Natural Resources Inc is buying Massey Energy Co in the most expensive deal in the industry’s history, 10 months after
      Bloomberg; BLOOMBERG  -  742 words
    • Article
      Lock icon Japan faces prickly farm talks with Australia
      533 12  -  Access to Japanese markets for beef and sugar key issues By ANTHONY ROWLEY in Tokyo NEGOTIATIONS that will test Japan’s willingness to make concessions in its highly sensitive agricultural sector are due next week when trade officials from Tokyo and Canberra meet in
      533 words
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  • WORLD
    • Article, Illustration
      Lock icon Germany’s Jan jobless rate at 18-year low
      571 13 The unemployment rate will slide to 7% this year from 7.7% in 2010 Bloomberg [BERLIN] German unemployment fell to an 18-year low in January, stoking concerns that the world’s sec-ond-largest exporter is running short of skilled labour after the fastest economic expansion since
      Bloomberg; AFP  -  571 words
    • Article
      Lock icon Fed says banks ‘more upbeat’ on delinquency
      551 13 Bloomberg [WASHINGTON] Most banks in the US expect loan delinquencies and chargeoff rates to improve in 2011, a Federal Reserve survey shows, as standards ease and demand increases for business lending. “Expectations were significantly more upbeat than in past years,” the central bank
      Bloomberg  -  551 words
    • Article, Illustration
      Lock icon Citigroup using more stock options for investment banker bonuses
      447 13 It aims to pay as much as 50% of bonuses in shares Bloomberg [NEW YORK] Citigroup Inc, the lender that got a US$45 billion bailout from US taxpayers, is using stock for a larger portion of bonuses paid to employees, including
      Bloomberg; BLOOMBERG  -  447 words
    • Article, Illustration
      Lock icon Polish cleaner dishes the dirt on middle-class Germans
      568 13 AFP [BERLIN] A sharp-tongued Polish cleaning lady is making a splash in Germany with a tell-all memoir revealing the seamy underbelly of Europe’s biggest economy and exploding the myth of Germans’ penchant for order. Under German Beds written under the pen name
      AFP  -  568 words
    • Article
      Lock icon Bank of America is world’s top banking brand: survey
      261 13 Bloomberg [LONDON] Bank of America Corp, the biggest US bank by assets, replaced HSBC Holdings Plc as the world’s most valuable banking brand, according to a survey by London-based Brand Finance Plc. HSBC, Europe’s largest bank, fell to third place this
      Bloomberg  -  261 words
    • Article, Illustration
      Lock icon Skills mismatch keeping US jobless rate high: Fed economist
      388 14 Even so, govt’s bond buying programme will help by spurring GDP growth Reuters [CHICAGO] US unemployment will stay high “for some time”, in part because changes in the labour market have made it tougher for those out of work to find
      Reuters; AFP FILE PHOTO  -  388 words
    • Article, Illustration
      Lock icon Let California voters decide on budget: governor
      500 14 Reuters [SAN FRANCISCO] Governor Jerry Brown pressed California lawmakers in his state-of-the-state address on Monday to let voters decide on his budget plan, saying any attempt to block a special election would be irresponsible in light of protests in Egypt and Tunisia. California,
      Reuters; BLOOMBERG  -  500 words
    • Article
      Lock icon Obama plans to use new start-ups to create jobs
      554 14 AOL co-founder Steve Case will lead new effort AP [WASHINGTON] The Obama administration launched a consolidated effort to spur new start-up businesses on Monday, part of the White House’s campaign to emphasize job creation while downplaying new economic spending initiatives that
      AP  -  554 words
    • Article
      Lock icon US hedge fund body seeks SEC ‘guidance’
      401 14 Bloomberg [NEW YORK] Hedge funds, rattled by an insider-trading investigation and a series of raids, are asking federal regulators to clarify their position on the use of the expert networks at the centre of the probe. The Managed Funds Association, which represents hedge
      Bloomberg  -  401 words
    • Article
      Lock icon Overtime culture still entrenched in South Korea
      692 14 9-to-5 day elusive despite govt policy of 40-hour week AFP [SEOUL] It is well after 8pm in central Seoul’s commercial district, but the lights are still burning brightly in many office towers. A 9-to-5 existence sounds humdrum in other countries, but for most
      AFP  -  692 words
    • Article
      Lock icon Brazil bank under fraud probe changes hands
      589 15 Panamericano sold to BTG Pactual, which is taking 51% for 450m reais Bloomberg [RIO DE JANIERO] Brazilian billionaire Andre Esteves’ Banco BTG Pactual SA has agreed to buy a controlling stake in Banco Panamericano SA, the Sao Pau-lo-based lender that has rattled the
      Bloomberg  -  589 words
    • Article, Illustration
      Lock icon Slim plans to up investment in Mexico
      473 15 Reuters [MEXICO CITY] Mexican tycoon Carlos Slim said on Monday he planned to boost his investment in Mexico this year by about 20 per cent to US$3.6 billion, with telecoms, mining and infrastructure taking centre-stage. Mr Slim, the world’s richest person according to
      Reuters; AFP  -  473 words
    • Article, Illustration
      Lock icon Intel’s design chip flaw expected to hurt Q1 revenue
      777 15 Reuters [SAN FRANCISCO] Intel Corp found a defect in one of its chips, hurting its credibility during a major product launch and at a time when demand for microprocessors in PCs is being threatened. The company said on Monday it stopped
      Reuters; AFP  -  777 words
    • Article
      Lock icon Exxon Q4 profit surges 53%
      346 15 Reuters [HOUSTON] Exxon Mobil Corp reported a bet-ter-than-expected 53 per cent increase in quarterly profit, helped by a lower tax rate and a surge in natural gas production in the US and Qatar. Exxon, the world’s largest publicly traded oil company, also saw its results
      Reuters  -  346 words
    • Article, Illustration
      Lock icon Spain’s regional lenders scramble for capital
      509 15 Reuters [MADRID] Spain’s Caja Madrid plans to float newly created bank Banco Financiero y de Ahorros (BFA) the country’s third largest on the stock market to meet tougher government capital rules, echoing a move by rival La Caixa to list last week. Regional savings
      Reuters; REUTERS  -  509 words
    • Article, Illustration
      Lock icon BP resumes dividend payout
      743 16 Payments had been suspended since the Gulf of Mexico well disaster AP [LONDON] BP said yesterday that it was resuming dividends for the first time since the Gulf of Mexico well disaster, even as a 30 per cent gain in fourthquarter profits failed to keep it
      AP; REUTERS  -  743 words
    • Article
      Lock icon UK manufacturing PMI hits record high in Jan
      472 16 Factory costs also surge, adding to inflation headache Reuters [LONDON] British manufacturing activity grew in January at its fastest pace since records began in 1992, and factory costs also surged, in a further sign that price pressures are building in the economy,
      Reuters  -  472 words
    • Article
      Lock icon More easing possible: likely BOJ candidate
      510 16 Reuters [TOKYO] The Japanese economy’s outlook is shrouded by uncertainty and there is still a chance of additional easing by the Bank of Japan (BOJ), a financial expert seen as a possible candidate to join the central bank’s policy board said yesterday. “There is
      Reuters  -  510 words
    • Article, Illustration
      Lock icon Deutsche Bank Q4 net dives on takeover costs
      422 16 Bloomberg [FRANKFURT] Deutsche Bank AG, Germany’s biggest bank, said fourth-quar-ter profit fell about 54 per cent on costs related to the acquisitions of Deutsche Postbank AG and Sal Oppenheim Group. Net income slid to about 600 million euros (S$ 1.05 billion) from
      Bloomberg; BLOOMBERG  -  422 words
    • Article
      Lock icon Affluent US women worry more about outliving money
      414 16 Reuters [NEW YORK] Affluent women expect to be more active than their male counterparts in retirement, but they are also more worried about outliving their money, according to a Bank of America Merrill Lynch study. The vast majority of affluent baby boomers
      Reuters  -  414 words
    • Article
      Lock icon Top Myanmar leader not nominated for president
      147 16 Reuters [NAYPYITAW, Myanmar] Myanmar’s reclusive paramount leader Than Shwe is not among a list of presidential candidates to be nominated by Parliament, lawmakers said yesterday, signalling an end to his 18 years of direct rule. The country’s new Parliament is expected to vote
      Reuters  -  147 words
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  • TransportHUB
    • Article
      Lock icon Marine insurers’ challenges
      880 17  -  Piracy, excess shipping capacity and impact of freak weather pose risks for insurers STRAIT TALK By DAVID HUGHES LAST week, committee members of the International Union of Marine Insurance (IUMI) gathered in London for their winter meeting. As an indication of just how much piracy is dominating
      880 words
    • Article
      Lock icon Supertanker earnings remain steady despite Egypt protests
      367 17 Reuters [LONDON] Crude oil tanker earnings on the key Middle East route were steady on Monday with market players keeping an eye on potential disruptions to the Suez Canal due to political unrest in Egypt. Brokers said while tanker traffic through the Suez
      Reuters  -  367 words
    • Article, Illustration
      Lock icon Bunker trade to rebound after worst slump in 2 years
      615 17 Sales of bunkers may advance a further 9% this year, says Poten Bloomberg [TOKYO, SINGAPORE] The profit traders can get from selling shipping fuel in Singapore, the world’s secondbusiest container port, may rise 24 per cent in 2011 after the
      Bloomberg  -  615 words
    • Article
      Lock icon Baltic Dry Index falls to lowest level in 2 years
      392 17 Bloomberg [LONDON] The Baltic Dry Index, a measure of com-modity-shipping costs, fell to the lowest in two years as new vessels joined the fleet. The index fell 30 points, or 2.6 per cent, to 1,107 points, the lowest since Feb
      Bloomberg  -  392 words
    • Article
      Lock icon TRANSPORT STOCKS
      278 17 SGX '000 Feb 1 S$ +/-Vol CH Offshore 0.51 0.02 55 Chuan Hup Hldg 0.26 0.01 50 Cosco Corp 2.20 0.02 6306 CWT Ltd 1.25 0.06 3844 Ezra Hldgs 1.68 0.04 2843 First Ship Lea 0.44 0.01 945 Freight Links 0.07 unch 8618 Grand Banks 0.39 -0.01 5
      278 words
    • TRANSPORT HUB: AVIATION
      • Article
        Lock icon Airbus, Boeing both claim WTO victory
        461 18 However, Airbus spokesman expects dispute to carry on for several more years Xinhua [PARIS] Both EU aircraft maker Airbus and its US rival Boeing on Monday claimed victory in the decades-long disputes over illegal governmental subsidies on which the World Trade Organization (WTO) gave
        Xinhua  -  461 words
      • Article, Illustration
        Lock icon Embraer in holding pattern over Boeing’s 737 decision
        418 18 Bloomberg [LONDON] Embraer SA, the world’s fourth-largest planemaker, will wait to decide between building a new aircraft or re-engining its E-Jets until Boeing Co makes that choice on its 737, chief executive officer Frederico Curado said. “We have to wait until Boeing
        Bloomberg  -  418 words
      • Article, Illustration
        Lock icon Two-stage winter storm wreaks havoc on US air travel
        400 18 Bloomberg [ATLANTA, NEW YORK] A two-stage winter storm sweeping through the US had caused more than 2,800 flights to be cancelled yesterday and threatens to break snow records in Chicago and coat New York City in ice. As of 11:30pm East
        Bloomberg; AFP  -  400 words
      • Article
        Lock icon ANA to form LCC with First Eastern Investment
        213 18 Bloomberg [TOKYO] All Nippon Airways Co (ANA), Asia’s largest listed carrier by sales, said it will form a low-cost carrier (LCC) venture with Hong Kong-based Victor Chu’s First Eastern Investment Group in the coming days. The low-fare airline will be named A&F
        Bloomberg  -  213 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        3365 18 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi KU6457 1230 SQ456 1245 SQ457 1230 EY470 2200 VA7470 2200 Adelaide LH9771 1745 9W4082 2220 SQ278 1745 AF8088 2220 VS7278 1745 BA7382 2220 JL5083 2220 --MU8214 2220 --QF82 2220 LH9770 2350 SQ279 2350 VS7279 2350 Ahmedabad NH6293 0710 SQ531
        3,365 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Mitsui hitching a ride with Car Club on road to expansion
        441 19  -  Car Club plans to invest over $30m in car purchases over the next three years Reports by SAMUEL EE JAPANESE conglomerate Mitsui is planning to use Singapore car-sharing company Car Club as a cornerstone for its expansion into the
        ARTHUR LEE  -  441 words
      • Article
        Lock icon GM mulling new plants in China in coming years
        486 19 Reuters [BEIJING] General Motors (GM), the top US carmaker, is considering adding new plants in China in 2011 and after, a top executive said yesterday, as it moves to meet steady demand in the world’s top car market. The company is
        Reuters  -  486 words
      • Article
        Lock icon History of car sharing in Singapore
        261 19 THERE are three companies currently offering car-sharing services in Singapore Car Club, KahShare, and WhizzCar. Together, they have a total fleet size of more than 260 cars and a combined database of some 5,000 members. Car Club is the oldest and biggest of the
        261 words
      • Article
        Lock icon Toyota still Japan’s leading global brand even as value drops on recalls
        355 19 The carmaker’s value has dropped 16% to US$25.66b AP [TOKYO] Toyota remains Japan’s No 1 global brand, but its value has fallen by nearly a fifth because of the recent massive recalls that dented consumer trust in the
        AP  -  355 words
      • Article, Illustration
        Lock icon Hyundai posts double-digit growth in Jan sales
        303 19 Reuters [SEOUL] South Korea’s top carmaker Hyundai Motor yesterday posted doubledigit growth in global sales for January, helped by continued strong demand for new models in key markets such as the US and China. The results came even as US car sales are
        Reuters; AP  -  303 words
      • Article
        Lock icon Toyota, Nissan lead Japanese carmakers’ drop in sales
        293 19 Bloomberg Reuters [TOKYO] Toyota Motor Corp and Nissan Motor Co, Japan’s two biggest carmakers, led the fifth straight drop in the nation’s monthly car sales as demand slowed after a government subsidy programme ended. Sales of cars, trucks and buses, excluding minicars,
        Bloomberg; Reuters  -  293 words
      • Article
        Lock icon US auto sales in Jan seen up despite weather
        582 19 Reuters [DETROIT] US auto sales for January are expected to be up 15 per cent or more despite the disruption of winter storms during the month, a result that would show the momentum of a sales recovery now a year-and-a-half old.
        Reuters  -  582 words
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  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      319 18 CRYPTIC CROSSWORD Across 1 Work in that? Maybe if you’re like Fred Astaire! (3,3) 4 Positioned in front of the boat, I will wave (6) 8 Fellows into stupid diet? There follows a mental disorder (8) 10 Meat in school, first day of lessons? (6) 11 Little woman entertaining king’s
      319 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon More vigilance can enhance airport security
      435 20 EDITORIAL AIRPLANES have made good targets for terrorists. While hijackings were the preferred modus operandi for a long time, the attacks of Sept 11, 2001 revealed an airplane’s potential as a weapon of asymmetrical warfare. It was that single incident which triggered the huge
      435 words
    • Article, Illustration
      Lock icon US-China statement indicates ties deteriorated
      774 20  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter @FrankChing1 THE joint statement released during the state visit to the United States by Chinese President Hu Jintao is in some ways strikingly different from a similar
      774 words
    • Article, Illustration
      Lock icon Encouraging R&D by fine-tuning tax rules
      1313 20  -  Singapore’s future success depends on improving firms’ productivity and competitiveness By ABHIJIT GHOSH ANSON LIM Abhijit Ghosh is a tax partner and Anson Lim is a tax manager at PricewaterhouseCoopers Services LLP (Singapore) SINGAPORE’S economic success over the next decade, amongst other things, will
      AFP  -  1,313 words
    • Article, Illustration
      Lock icon What the TPP is really about
      1480 21  -  It’s a saga of geopolitical and diplomatic power play, and a kind of economic warfare within the Asia Pacific region ANTHONY ROWLEY Tokyo Correspondent GOING from relative obscurity to fame (or notoriety, as some would have it) almost overnight is an achievement usually reserved
      AFP  -  1,480 words
    • Article, Illustration
      Lock icon Preventing euro flu better than cure
      882 21  -  By YVES MERSCH in Luxembourg The writer is governor of the Central Bank of Luxembourg and a member of the Governing Council of the European Central Bank MUCH dedication and energy are currently being devoted to institutionalising a crisis-manage-ment mechanism for the euro area.
      REUTERS  -  882 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8811 22 Transaction date: Feb 1 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 20 19 19 18.5 19.5 1.7 9.5 6.1 91 12 4.5 5834
      8,811 words
    • Article
      Lock icon SGX CATALIST
      1672 23 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 5.5 5 5.5 30.6 5.3 225 130 6222 t APStrategic 162 -3 16 162 160 158
      1,672 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9489 23 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.34/ 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 WM
      9,489 words
    • Article
      Lock icon SGX ETF
      873 23 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 $mil 124 108 6389 ABF SG Bond ETF 112 unch 4 112 112 111.5 112 511.3 1070 761 CIMBAsean40 100US$ US989 -31 11 1008 989
      873 words
    • Article
      Lock icon GLOBALQUOTE
      250 23 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 $mil 56 38 6000 AVJennings A48 47 48 3.6 7.3 3.8 125 55 16 6017 Genting HK US$ US44 -0.5 9937 45 43.5 44 44.5 2897.2
      250 words
  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      66 22 FRANCK MULLER BOUTIQUE 01-07 ION ORCHARD (65) 6509 3380 B1-19 THE SHOPPES AT MARINA BAY SANDS (65) 6634 8825 SINCERE FINE WATCHES NGEE ANN CITY (65) 6733 0618 LUCKY PLAZA (65) 6737 4593 SUNTEC CITY (65) 6337 5150 THE SHOPPES AT MARINA BAY SANDS (65) 6634 9782 VIVOCITY (65) 6278
      66 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 31 Index Change Change Change Change Change Change World Index Preliminary 913.1 0.0 9.7 0.1 1.9 0.3 11.8 EAFE Preliminary 813.1 -0.5 3.6 -0.1 -2.2 0.1 7.3 Europe Preliminary 1190.0 -0.3
      374 words
    • Article
      Lock icon INTERBANK RATES
      177 24 Feb 1 $S Offer Bid 0vernight 0.05 0.03 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.03 US$ 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
      22 24 Feb 1 S$ Bid Offer 1-month 1.2767 1.2777 2-months 1.2766 1.2777 3-months 1.2766 1.2776 6-months 1.2772 1.2782 Source: OCBC
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    • Article
      Lock icon SICOM FUTURES
      143 24 Feb 1 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 11 580.0 577.0 580.0 10 Apr 11 577.0 577.0 577.0 2 May 11 577.0 577.0 577.0 2 Jun 11 577.0 577.0 577.0 2 Jul 11 576.0 Aug 11
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    • Article
      Lock icon GOVERNMENT SECURITIES
      83 24 Feb 1 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 05.05.2011 0.34 0.34 0.34 1-Year BY*****N 01.11.2011 0.40 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.41 102.49 102.49 5-Year N*****0S 2.875 01.07.2015 107.27
      83 words
    • Article
      Lock icon CHICAGO BOT
      107 24 Jan 31 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 11 1413.00 1398.00 1413.50 1394.50 May 11 1423.25 1408.25 1423.25 1405.25 Jul 11 1428.50 1413.50 1428.50 1410.00 Aug 11 1402.50 1386.50 1401.75 1390.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 11 57.88
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 24 CRUDE OIL PRODUCTS Jan 31 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 100.14 1.68 WTI (Near Mth) 92.16 2.97 Dubai (1-Mth F) 93.96 0.62 Tapis blend 102.65 0.90 Minas 98.65 0.90 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 96.00 2.61 Jet Kerosene 113.75 1.68 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2543 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left AFP Prop EW*****8 27.5 -0.5 20 1 10 -5 1.44 57 6221 Asia-Pacific Strat W*****6 28.5 -4.5 25 1 150 10 5.68 39 6227 ASJ Hldgs W*****1 3 1
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 24 Feb 01 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.318 1.244 Can dollar 1.305 1.255 Euro 1.788 1.72 Sterling pound 2.093 2.013 NZ dollar 1.016 0.968 US dollar 1.298 1.249 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      24 24 Feb 1 Open High Sett STI Feb 3185 SIMSCI Feb 376.0 377.4 375.8 Taiwan Feb Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      67 24 Jan 31 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Month Ranae Price Pi Av Vol ice Hiah low Done Open Position Feb 11 3799 3840 3845 3799 397 3446 Mar 11 3775 3832 3838 3775 1963 ***** Apr 11 3732 3809 3809 3730 9227 ***** May 11 3685
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      431 24 Feb 1 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.6500 0 3780 Jun11 99.5750 0 1774 Sep11 99.4800 0 2764 Dec11 99.3250 0 468 EUROYEN TIBOR FUTURES Mar11 99.6650 99.6650 99.6650 99.6650 66 3208 Jun11 99.6500 0 1222 Sep11 99.6375 0 786 Dec11 99.6200 99.6200
      431 words
    • Article
      Lock icon INTERBANK CROSS RATES
      464 24 Feb 1 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.001 6.620 0.731 7.823 45.975 90.734 0.822 11.206 3.074 1.293 85.970 44.386 1.283 7.196 0.944 29.153 31.020 0.625 1.004 Canada 0.999 6.612
      464 words
    • Article
      Lock icon SIBOR
      85 24 Feb 1 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon PRECIOUS METALS
      78 24 Feb 1 GOLD (USS/oz) Jan 31 Feb 01 Hong Kong 1335,30 1339,00 Jan 28 Jan 31 London 1329,10 1331,77 1330.00 1332.54 Source: Thomson Reuters CAST BAR Feb 01 CSS) Sellinu Buying Kilobar 59.18b.98 ***** PAMP GOLD BARS CSS) Selling Buying Igm 133 55 5gm 376 276 1 Qgm
      78 words
    • Article
      Lock icon LONDON METALS
      71 24 Jan 31 Jan 31 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2512.75 2463.75 3 months 2520.00 2472.00 Copper, Grade A (US$/tonne) Cash 9767.50 9544.50 3 months 9745.00 9530.00 Lead (US$/tonne) Cash 2602.50 2516.50 3 months 2510.00 2437.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • Article
      Lock icon LIFFE
      82 24 Jan 31 COCOA (£/tonne) Close Prev High/Low Mar 11 2185 2164 2190/2156 May 11 2175 2143 2180/2132 Jul 11 2163 2133 2170/2138 Sep 11 2151 2122 2155/2116 COFFEE (US$/tonne) Close Pev High/Low Jan 11 2100 unch 2158/2151 Mar 11 2185 2129 2204/2151 Jul 05 2211 2156 2231/2172 Jul 11
      82 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 24 Feb 1 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2820 1.2833 1.0041 1.0043 Canadian dollar 1.2803 1.2818 1.0027 1.0031 Euro 1.7545 1.7561 1.3741 1.3743 NZ dollar 0.9913 0.9927 0.7764 0.7769 Sterling pound 2.0496 2.0518 1.6053 1.6057
      154 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    5714 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.
    5,714 words
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  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      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
      28 words
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  • executive Money
    • Article, Illustration
      Lock icon Indonesian junk bonds in favour
      811 27 Pimco expects top returns as country’s infrastructure spending fuels growth provided Jakarta gets it right this time Bloomberg [SINGAPORE] HIGHER-ratedjunkbonds in Asian countries where infrastructure spending is fuelling growth, such as Indonesia, should offer the best returns in 2011, says Pacific Investment Management Co (Pimco).
      Bloomberg; BLOOMBERG  -  811 words
    • Article, Illustration
      Lock icon Bet on gold nets John Paulson US$5b in 2010
      898 27 Vast majority of famed hedge fund manager’s money is invested in a special gold-share class that is invested alongside his other portfolios NYT [NEW YORK] JOHN A Paulson made US$4 billion betting against newfangled mortgage investments. But he made even more
      NYT; REUTERS, BLOOMBERG  -  898 words
    • Article, Illustration
      Lock icon Tax goodies to make S’pore a home to all
      955 28  -  The state cannot afford to rest on its laurels as much work needs to be done to stay ahead in the economic race. By BJ Ooi The writer is head of international executive services at KPMG in Singapore. The views expressed
      REUTERS  -  955 words
    • Article
      Lock icon Investors confident on stocks over bonds now
      765 28 Analysts attribute this to better economic growth, big blue-chip stocks NYT [NEW YORK] Since the financial crisis, bad news for the bond market has generally meant trouble for stocks. That’s because equity investors have looked to corporate and foreign bonds to gauge the
      NYT  -  765 words
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  • Page 28 Advertisements
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