The Business Times, 14 February 2011
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2011-02-14
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The Business Times
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Title Section23 2011-02-14 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Monday, February 14,201123 words
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Article, Illustration956 2011-02-14 1 AMIT ROY CHOUDHURY - The company’s payment volume in the Republic jumped 63% last year By AMIT ROY CHOUDHURY [SINGAPORE] Online payment facilitator PayPal has been on a roll in Singapore, growing its user base here 45 per cent year-on-year to 870,000 total accounts by the end of 2010.956 words
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Article157 2011-02-14 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 3,077.27 -133.85 KL COMP 1,494.52 -37.30 NIKKEI 225 10,605.65 +62.13 HANG SENG 22,828.92 -1,080.04 SET INDEX 949.57 -35.21 JAKARTA COMP 3,391.77 -104.40157 words
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Article, Illustration539 2011-02-14 1 Parliament dissolved as military pledges reforms for elections Bloomberg AP AFP [DUBAI] Egypt’s new military rulers yesterday suspended the Constitution and dissolved a parliament dominated by the ruling party of former president Hosni Mubarak as Middle East shares gained, sending Abu Dhabi’s stockBloomberg; AP; AFP; BLOOMBERG - 539 words
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Advertisement171 2011-02-14 1 BizIT Change is the only constant: IBM CEO PAGE VIEWS FROM THE TOP Corporate earnings in 2011 PAGES 10 11 DINING OUT Spanish flavours at TripleOne Somerset PAGE 21 *****1 *****4 The future of watchmaking since 1868. Portuguese Perpetual Calendar. Ret. 5023: One thing at IWC always remains the same:171 words
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Advertisement21 2011-02-14 1 WALL STREET Market wary of breather as bull roars on PAGE 3 EGYPT IN TRANSITION Reports on Pages 2, 18 1921 words
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TOP STORIES
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584 2011-02-14 2 This will allow firms to disclose effects of 18 days of protests Bloomberg [DUBAI] Egypt’s stock exchange delayed its opening until Feb 16 to allow companies to disclose the effects of 18 days of protests that led to the ouster of the country’s president.Bloomberg - 584 words
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Article, Illustration567 2011-02-14 2 It plans new body to check such deals do not endanger its national security Reuters [BEIJING] China will launch a state-level investment review body to check that merger and acquisition (M&A) deals struck by foreign firms in one of the world’s fastest-growing economies doReuters; REUTERS - 567 words
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668 2011-02-14 2 LINETTE LIM - Squeezed by inflation but still staying in China Firms with mainland plants say shifting isn’t better option By LINETTE LIM [SINGAPORE] China could lose its position as the workshop of the world when it reaches the “Lewis turn-ing-point” which, according to some economists, could be as early as 2015. Named668 words
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Article18 2011-02-14 2 Branchen Stars R1C-A 07/02/11 146.21 EUR I db X-MACRO Trading Index Fund I4D 03/02/11 99.22 GBP18 words
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Article12 2011-02-14 2 Double Joy Capital Guaranteed Fund R1D 03/02/11 10.07 USD12 words
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Article485 2011-02-14 2 PayPal zooming along in Singapore ONLINE payment facilitator PayPal has been on a roll in Singapore, growing its user base here 45 per cent to 870,000 total accounts by the end of 2010. The company’s payment volume originating out of Singapore grew even faster, rising 63 per cent485 words
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798 2011-02-14 3 ANDREW MARKS - Investor sentiment bullish but analysts say a pause is due after a 6-month rise WALL STREET INSIGHT By ANDREW MARKS By in New York THE stock market continues to move up and Wall Street analysts are increasingly having a hard time convincing798 words
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Article, Illustration695 2011-02-14 3 LEE U-WEN - Areas of concessions and compromises identified: EU envoy By LEE U-WEN [SINGAPORE] Negotiations for a landmark free trade agreement (FTA) between Singapore and the European Union (EU) are well on track and a deal is expected to be reached in theYEN MENG JIIN - 695 words
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Advertisement304 2011-02-14 3 Starting 28th ore to Pekanbaru t m Less time, more business. V 4 From i i f188 J -> 'A f t return all-inclusive V V/„ Sh Us "\/ess n s Po, firms mg n set S U P. r S 'n 9h o s a er r nt v304 words
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SINGAPORE MARKETS
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Article, Illustration685 2011-02-14 4 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent IT IS a fact of life that when momentum shifts and liquidity drains from a market, no amount of talk about valuations still being cheap or earnings still being compelling, or fundamentals being unchanged, will get people to buy.685 words
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643 2011-02-14 4 Euro faces widening sovereign bond spreads, hefty funding schedule, plentiful economic data CURRENCIES Reuters [NEW YORK] The US dollar is destined to continue gaining against the euro this week as the single currency enters a period filled with obstacles, from widening peripheral sovereignReuters - 643 words
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Article1531 2011-02-14 4 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Properties 2.58 2.58 12 10.81 9.81 1.39 1.04 Amtek Engineering 1.67 3 13.65 8.94 1.54 1.24 ARA Asset Mgt 2.25 2.25 4 8.23 19.94 1.69 1.631,531 words
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Article64 2011-02-14 4 Feb 11 VALUE CLOSE BT OB/OS -554.00-236.00 BT CADI -*****.00-109.00 BT 10-day MA -*****.00 -55.00 FTSE ST Mid Cap 777.99 -6.38 FTSE ST Small Cap 588.99 -4.34 FTSE ST All Share 765.32 -6.41 FTSE ST China Top 286.64 -2.10 FTSE ST China 307.70 -1.86 FTSE ST Catalist64 words
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Article56 2011-02-14 4 VOLUME Genting SP 637,918,000 Golden Agri 418,214,000 TopGlobal 188,849,000 RafflesEdu 161,271,000 CapitaLand 154,538,000 Noble Grp 145,774,000 NexGenSCom 122,654,000 GLP 120,865,000 ChinaGaoxian 118,504,000 GMG Global 108,112,000 VALUE($) Genting SP 1,312,296,906 CapitaLand 533,759,916 DBS Grp 504,380,470 Keppel Corp 365,158,922 UOB 323,958,820 Noble Grp 323,490,286 OCBC Bk 312,677,990 SIA 303,879,36056 words
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Article422 2011-02-14 4 COMMODITIES AFP [LONDON] World oil prices slid last week, reassured by Egyptian president Hosni Mubarak ouster on Friday after a violent uprising that helped send the crude market to recent two-year peaks. In reaction, oil dipped on receding concerns over possible disruption to crude suppliesAFP - 422 words
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Article114 2011-02-14 4 BY CENTS CLOSE UP DBXT AUDMM 5SG$ ***** 422.0 1.7 GLD 10US$ ***** 276.9 1.6 IS S&P500 ***** 179.4 1.1 DBXT DBLCI-OY 5US$ 4138 176.9 3.5 IS DJ US Tech 6904 134.6 1.5 DBXT MSJAP 10US$ 4201 130.7 2.5 DBXT DBCBDJUBS 10US$ 3798 125.6 2.6 DBXT S&P500 10US$ 2086114 words
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Article114 2011-02-14 4 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-742.1 -4.7 DBXT MSKorea 10US$ 5707-628.0 -7.9 DBXT AUD Bonds 5AU$ *****-371.8 -1.9 JMH 4498-258.9 -4.3 Jardine C&C 3122-252.0 -7.5 JSH 2686-241.0 -6.5 DBXT MSAsExJp 10US$ 3187-219.2 -5.1 DBXT MSTaiwan 10US$ 1937-201.2 -7.5 IS MSCI Spore 1243-191.0 -10.7 DBXT FTChina25 10US$ 2985-165.3114 words
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Article172 2011-02-14 6 FEB 11 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE Innotek 0.600 4.3 8,400 Nera Telecoms 0.390 4.0 8,580 Shanghai Asia 0.175 2.9 6,650 Silverlake Axis 0.335 1.5 11,055 CWT 1.240 0.8 14,880 Metro 0.860 0.6 9,460 Elec Eltek Int'l 4.242 0.3 12,726 Hotung Investment 0.160 0.0 11,360 Singapore172 words
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Article, Illustration503 2011-02-14 6 TEH HOOI LING - TEH HOOI LING Senior Correspondent THE outflow of funds from this part of the world has continued, with the big cap stocks taking the brunt of the hit in the last two weeks. The Straits Times Index shed 4.7 per cent compared with503 words
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Article158 2011-02-14 6 One-year top losers Top Global 0.015 50.0 7,500 China Auto Electronics 0.125 25.0 12,500 China Energy 0.155 19.2 6,355 JEL 0.035 16.7 8,750 Novo Group 0.485 0.0 32,010 Advance SCT 0.050 0.0 4,150 Ellipsiz 0.140 0.0 14,000 Lereno Bio-Chem 0.005 0.0 1,250 Zhonghui 0.000 0.0 China Titanium158 words
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Article172 2011-02-14 6 FEB 11 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE Innotek 0.600 4.3 8,400 Fuxing China 0.175 2.9 9,100 China Sky 0.210 2.4 3,570 Tuan Sing 0.310 1.6 16,120 Rickmers Maritime 0.410 1.2 4,100 Golden Agri-Resources 0.705 0.7 19,740 Metro 0.860 0.6 9,460 Auric Pacific 0.690 0.0 4,140 Guocoleisure172 words
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1491 2011-02-14 6 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director of Asia Insider Limited THE buying remained low while the selling among directors rose based on filings on the Singapore Exchange from Feb 7 to 11. A total of four companies recorded 161,491 words
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Article161 2011-02-14 6 FEB 11 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Sky 0.210 2.4 3,570 CWT 1.240 0.8 17,360 Ho Bee 1.470 0.7 16,170 China Taisan 0.185 0.0 7,400 JES International 0.335 0.0 17,420 ASL Marine 0.695 -0.7 6,255 Straits Asia Resources 2.580 -1.5 12,900 Hupsteel 0.225 -2.2 6,975161 words
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152 2011-02-14 6 sentiment FEB 11 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE People's Food 1.000 22.7 11,000 Del Monte 0.510 14.6 5,100 Sunvic Chemical 0.755 9.4 22,650 Bright World 0.590 4.4 11,210 Goodpack 2.250 1.4 9,000 Parkway Life Reit 1.760 0.6 8,800 Macquarie Int'l Infrastr 0.590 0.0 8,260152 words
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Article169 2011-02-14 6 FEB 11 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE Del Monte Pacific 0.510 14.6 5,100 First Resources 1.440 6.7 27,360 China Sky Chemical 0.210 2.4 3,570 CSE Global 1.320 1.5 9,240 Goodpack 2.250 1.4 11,250 Golden Agri-Resources 0.705 0.7 19,740 AIMS AMP I REIT 0.215 0.0 3,225 Cacola169 words
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COMPANY NEWS
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Article, Illustration572 2011-02-14 5 GRACE LEONG - Acquisition triggers mandatory offer for rest of the shipbuilding firm By GRACE LEONG A DEUTSCHE Bank-led consortium has acquired a majority stake in Singapore offshore chartering and shipbuilding company Jaya Holdings from a private equity firm for $202.6 million. Cathay Asset Management Co, aFILE PHOTO - 572 words
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367 2011-02-14 5 GRACE LEONG - Two deals involve module fabrication for FPSO vessels By GRACE LEONG RIG-BUILDER Keppel Offshore Marine (Keppel O&M) has secured two FPSO topside contracts totalling 500 million Brazilian real (S$385 million). The two deals clinched through subsidiary Keppel FELS Brasil involve module fabrication for floating,367 words
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Article, Illustration520 2011-02-14 7 MICHELLE QUAH - Pilot programme will involve chains such as BestBuy and Walmart: sources By MICHELLE QUAH SINGAPORE anti-theft technology, developed by a lo-cally-listed company, is making its way into some of the largest retail chains in the United States names such as BestBuy and Walmart.AFP - 520 words
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Article403 2011-02-14 7 Feb 11 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 of403 words
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Article186 2011-02-14 7 COMPANY MEETING PLACE DATE TIME Rokko Hldgs E 61 Kaki Bukit Road 2, Singapore *****9 15-Feb 10.00am Advance SCT E 10 Kranji Crescent Singapore *****0 18-Feb 10.00am Kyodo-Allied Ind E 371 Beach Road, #09-06/11, KeyPoint, Singapore *****7 22-Feb 10.00am Bright Orient S Riverview Hotel, 382 Havelock Road, Singapore186 words
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SINGAPORE NEWS
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Article, Illustration569 2011-02-14 8 CHUANG PECK MING - More than 53% of employers polled in Singapore will step up hiring in Q1 By CHUANG PECK MING ANTICIPATING a tight labour market and higher staff turnover in a booming economy, employers here are drawing up bigger budgets in the firstSource: Michael Page - 569 words
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Article, Illustration520 2011-02-14 8 TEH SHI NING - By TEH SHI NING SINGAPORE’S tradable price inflation slowed over the last six months, diverging significantly from the rapid pick-up in non-trada-ble inflation, says RBS economist Lim Su Sian. This underscores the challenges of reining in inflation with the exchange rate as aFILE PHOTO - 520 words
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Article856 2011-02-14 8 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 R856 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration948 2011-02-14 9 ASLAM SARDAR - Whether working for a big or small company, the young entrepreneur-to-be should expose himself to both the technical and business aspects, writes ASLAM SARDAR writes ASLAM SARDAR BUSINESS skills are typically acquired in two ways either by working for yourself and failing and learning first-hand, orSTOCK.XCHNG - 948 words
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Article, Illustration818 2011-02-14 9 ANG FANG TING, ZHOU SICHENG, YAP YI HUI - 50 teams took part last month in a lively student-organised event attended by industry professionals too CAMPUS LIFE By ANG FANG TING, ZHOU SICHENG, YAP YI HUI The writers are undergraduate students at Nanyang Business School, Nanyang Technological University THERE was overwhelming response to818 words
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VIEWS FROM THE TOP
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Article, Illustration3179 2011-02-14 10 THIS WEEK’S TOPIC: What is the outlook for corporate earnings in the Year of the Rabbit? How might a strong Sing dollar and higher business costs affect earnings, and what can CEOs do to mitigate their impact? Leon Perera Group Managing Director Spire Research Consulting GroupBLOOMBERG - 3,179 words
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ECONOMY WATCH
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Article, Illustration628 2011-02-14 12 ANTHONY ROWLEY - They vow to build projects that would serve interests of both countries’ firms By ANTHONY ROWLEY in Tokyo JAPAN and Russia both appeared anxious yesterday to keep their growing economic ties intact despite an extraordinary flare-up in diplomatic tensions which threatened toAFP - 628 words
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Article, Illustration551 2011-02-14 12 AP [ATHENS] The international organisations supervising Greece’s efforts to overhaul its debt-ridden economy have voiced support for the Greek government and its people, after Athens slammed the organisations for what it called interference in its domestic affairs. A statement fromAP - 551 words
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624 2011-02-14 12 But cost-cutting set to hit brick wall of competing interests AFP [BRUSSELS] Brussels is attempting to switch to austerity mode in 2011, amid anger over EU funds that wind up in dog-fitness clubs and Elton John gigs. However, efforts to slash costs are likelyAFP - 624 words
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Article, Illustration605 2011-02-14 12 Unemployment rate was 11.2% in the three months to Nov AFP [ANKARA] Turkey’s economy may have staged a spectacular recovery from the global crisis, but the man in the street sees little reason to celebrate as unemployment remains high and the government keepsAFP - 605 words
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391 2011-02-14 12 AFP [LONDON] Most British voters think that the austerity spending cuts are unfairly hitting the poor, according to a poll out yesterday, as the government admitted that it was struggling to get its message across. The ComRes poll for The Independent onAFP - 391 words
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MALAYSIA/INDONESIA
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Article, Illustration667 2011-02-14 13 S JAYASANKARAN - Merging the dozens of govt units helping bumiputras instead of creating more would make for less red tape MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent FOR all the talk of reform and moving forward, it looks like it’s back to square one. Last week, the administration667 words
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496 2011-02-14 13 Reuters [JAKARTA] Stronger-than-expected GDP data last week has Indonesia grappling with a dilemma as old as the subject of economics itself how to maintain growth while keeping inflation in check? The economy grew close to 7 per cent year on year inReuters - 496 words
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Article1925 2011-02-14 13 VOL Feb 11 RM +/-(‘000) A M Realty 0.51 -0.02 10 Abric Bhd 0.43 unch 251 Advance Synerg 0.29 -0.01 ***** Adventa Bhd 2.48 0.02 144 Ae Multi Hldgs 0.42 -0.01 1139 Affin Holdings 3.49 -0.11 717 Ahmad Zaki Res 1.09 -0.03 548 Aic Corp 1.20 unch 431,925 words
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297 2011-02-14 13 AFP [KUALA LUMPUR] Aviation tycoon Tony Fernandes said on Friday he had rejected a £6 million (S$13.2 million) offer to settle the Lotus naming dispute that has embroiled two Formula One teams. After a 16-year absence, the Lotus name returned toAFP - 297 words
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GREATER CHINA/INDIA
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460 2011-02-14 14 AFP [NEW DELHI] India’s Reliance Group said on Saturday that police investigators had “examined” several of its officials over alleged irregularities in the awarding of mobile phone licences. The statement marked the latest development in a widening probe into the government’s 2008 saleAFP - 460 words
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642 2011-02-14 14 Stocks down 17% this year and foreign investor sentiment has taken a hit AFP [NEW DELHI] India is set for scorching growth this year but concern is mounting about its longer-term outlook, with the central bank seen hiking interest ratesAFP - 642 words
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423 2011-02-14 14 It will face dominant domestic brands, threat of censorship AFP [HONG KONG] Facebook may be eyeing a move into mainland China, but Web firms there cast doubt on whether the social networking giant can tap the market assuming authorities lift a banAFP - 423 words
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Article, Illustration639 2011-02-14 14 But Beijing still wary of making it fully convertible NYT [SHANGHAI] Now that it has passed Japan to become the world’s secondlargest economy after the United States, China is considering the next step as a world power: making its money a global currency.NYT; AFP - 639 words
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Article, Illustration512 2011-02-14 14 AFP [BANGALORE] It would be the ultimate answer to the daily horror of gridlock on the traffic-choked, exhaust-filled roads of Indian cities. Unassumingly parked next to some of the world’s most lethal warplanes, a converted 800cc Maruti hatchback has stolen some ofAFP - 512 words
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WORLD
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589 2011-02-14 15 Austerity plan will help set tone for next year’s presidential race AFP [WASHINGTON] US President Barack Obama will unveil his fiscal 2012 Budget today, an election year plan forged from conflicting needs to cut spending and stoke the economic recovery. With vastAFP - 589 words
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Article, Illustration307 2011-02-14 15 Bloomberg [NEW YORK] Barclays Plc, Britain’s third largest bank, reduced bonuses for employees of its investment-banking unit, Barclays Capital, by about 15 per cent on average, according to three people with knowledge of the matter. Investment bankers, traders and analysts at theBloomberg - 307 words
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Article, Illustration457 2011-02-14 15 AP [LOS ANGELES] Betty Garrett, the vivacious Broadway star who played Frank Sinatra’s sweetheart in two MGM musicals before her career was hampered by the Hollywood blacklist, has died in Los Angeles, her son said yesterday. She was 91. Garrett died last SaturdayAP - 457 words
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242 2011-02-14 15 AFP [MOSCOW] Russia will sell a 10 per cent stake in its second biggest lender, stateowned VTB bank, at a price of US$6.25 per Global Depositary Receipt (GDR), the RIA Novosti news agency reported yesterday. “The price is close to theAFP - 242 words
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Article, Illustration550 2011-02-14 15 Reuters [BANGKOK] Thousands of Thais held colour-coded “red” and “yellow” protests in Bangkok yesterday, underlining persistent an-ti-government sentiment and deep political divisions ahead of an election planned this year. The “red shirts” called for the release of 18 of their detainedReuters; REUTERS - 550 words
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650 2011-02-14 15 AP [WASHINGTON] Tens of thousands of US workers displaced by foreign competition face being excluded from a programme to help them, because of congressional disputes over federal spending and the administration’s trade policy. Expansions to the half-century-old Trade Adjustment Assistance (TAA) programme incorporatedAP - 650 words
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504 2011-02-14 16 Expanding its Aussie iron ore operations will be top growth priority, he says AFP [SYDNEY] Rio Tinto chief executive Tom Albanese yesterday said that Australian iron ore was the firm’s top growth priority, with demand set to outstripAFP - 504 words
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Article, Illustration512 2011-02-14 16 Gurung offers richly created collection at NY fashion event AFP [NEW YORK] In a world of globalisation where any successful clothing design is quickly copied and massmarketed, designers such as those starring in New York Fashion Week want that little extra wow to make theirAFP; PHOTOS: AP, REUTERS - 512 words
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474 2011-02-14 16 He cites high oil prices, infrastructure spending and regulatory reforms Reuters [DUBAI] Increased infrastructure spending fuelled by high oil prices, regulatory reforms and large-scale restructuring may provide a catalyst for beaten down Kuwaiti stocks to outperform Gulf markets in 2011, a fundReuters - 474 words
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587 2011-02-14 16 But analysts say bet on firm is starting to look like a loser Bloomberg [NEW YORK] A second bet on Blockbuster Inc, the bankrupt movie-rental company, by billionaire Carl Icahn is starting to look like a loser, analysts said. Mr Icahn and Monarch AlternativeBloomberg - 587 words
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379 2011-02-14 16 Bloomberg [MELBOURNE] Queensland Premier Anna Bligh says that she will become minister for reconstruction, overseeing a drive to rebuild in Australia’s north-eastern state following devastation caused by flooding and Tropical Cyclone Yasi. “These natural disasters have turned lives and communities upside down rightBloomberg - 379 words
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Article, Illustration459 2011-02-14 17 Mubarak ouster emboldens thousands in 3rd day of demonstrations AP [YEMEN] Yemeni police clashed yesterday with an-ti-government protesters staging a third-consecutive day of demonstrations calling for political reforms and the resignation of President Ali Abdullah Saleh. Several thousand protesters, many of them universityAP - 459 words
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422 2011-02-14 17 But price may rise due to rally in cost of wheat: FAO Bloomberg [MELBOURNE] Global rice production may rise to a record in the 2010 season following improved prospects in China, Cambodia and Thailand, the United Nations Food Agriculture Organization (FAO) said. Rough riceBloomberg - 422 words
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543 2011-02-14 17 AFP [SYDNEY] WikiLeaks founder Julian Assange said yesterday that his site was “significantly influential” in the fall of Tunisian leader Zine El Abidine Ben Ali, an event he said “no doubt” sparked a Middle East revolt. Mr Assange, 39, said thatAFP - 543 words
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313 2011-02-14 17 It may send forces to help block flow of people fleeing unrest, turning up on island Bloomberg [DUBAI] Italy aims to send forces to Tunisia to help stem the tide of illegal immigrants trying to enter Europe, Interior Minister Roberto Maroni said. Mr Maroni saidBloomberg - 313 words
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Article, Illustration535 2011-02-14 17 AFP [BERLIN] Art-house cinema is set to break into the next dimension at the 61st Berlin International Film Festival, which started here yesterday with hotly awaited 3D premieres from European veterans seeking to reclaim the format from Hollywood blockbusters. GermanAFP - 535 words
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323 2011-02-14 17 Bloomberg [SYDNEY] Prime Minister Julia Gillard and Australian state leaders reached agreement on a formula to fund healthcare in the country, after more than six hours of negotiations in Canberra. The federal government agreed to pay states 50 per cent of the growth inBloomberg - 323 words
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FOCUS: EGYPT IN TRANSITION
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Article, Illustration824 2011-02-14 18 Weak currency, inflation, falling tourist arrivals all will slow growth Reuters [DUBAI] Egypt’s military council faces a daunting challenge to stabilise the economy after 18 days of protests which may cut growth this year in half and have left regulators nervous about the reopeningReuters; PHOTOS: AP - 824 words
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Article, Illustration813 2011-02-14 18 But secret nature of business makes it hard to trace NYT [NEW YORK] Now with Hosni Mubarak out of power, there are growing calls for an accounting to begin. Within hours of Mr Mubarak’s resignation on Friday, Swiss officials ordered all banks in SwitzerlandNYT; AP FILE PHOTO - 813 words
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563 2011-02-14 18 Egypt will respect all treaties, say military rulers Reuters [CAIRO] Egypt’s new military rulers told the nation on Saturday that they were committed to civilian rule and democracy after Hosni Mubarak’s overthrow and said that they would respect all treaties, a move toReuters - 563 words
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Article, Illustration757 2011-02-14 19 Issues a caution for other nations facing human, climate challenges: analysts AFP [PARIS] Huge population growth and food insecurity count among the factors that fuelled the revolution in Egypt and serve as a caution for other countries facing human and environmental overload, sayAFP; PHOTOS: AP, REUTERS - 757 words
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989 2011-02-14 19 Insiders say aides, including son Gamal, concealed from him full extent of events on the streets AP [CAIRO] Hosni Mubarak was supposed to announce his resignation on Thursday. The Egyptian military expected it. The new head of his ruling party pleaded to himAP - 989 words
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534 2011-02-14 19 Former pro-Mubarak newspapers also do abrupt volte-face AP [CAIRO] Egypt’s state and pro-government media have abruptly changed their tune. Faithful mouthpieces of Hosni Mubarak’s regime until the end, they now celebrate the ouster of the longtime Egyptian president and pledge to be moreAP - 534 words
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SHIPPING/AVIATION
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Article, Illustration650 2011-02-14 20 Govt can no longer afford the plan at a time of high deficits, say Republicans Bloomberg [WASHNGTON] A US$200 million federal programme that subsidises rural air service would end in almost all US states in 2013, hurting a revenue stream for regional airlines ledBloomberg - 650 words
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253 2011-02-14 20 Bloomberg [LONDON] Earnings from shipping Middle East crude oil to Asia, the world’s busiest route for supertankers, rose to the highest in more than three months on increased cargo volumes. Daily returns on the Saudi Arabia-to-Japan voyage jumped 35 per cent to US$42,285,Bloomberg - 253 words
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Article3288 2011-02-14 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 Athens3,288 words
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726 2011-02-14 20 US Congress voices concern that safety may be eroding AP [WASHINGTON] In a time of unparalleled aviation safety in the United States, reports of mistakes by air traffic controllers have nearly doubled a seeming contradiction that puzzles safety experts. The near collision lastAP - 726 words
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Article, Illustration457 2011-02-14 20 AFP [PARIS] A robot freighter is poised to blast into the skies tomorrow in the heftiest liftoff in Europe’s space programme that will also bring its tally of launches to a historic 200. Designed to supply mankind’s outpost in orbit, the JohannesAFP - 457 words
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Page 20 Miscellaneous
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Miscellaneous297 2011-02-14 20 CRYPTIC CROSSWORD Across 1 Bribe reserve, otherwise last in pavilion (6) 4 Poet’s on $1,000 for his last work? (8) 9 A drop of rouge in restaurant in appropriate container (6) 10 Drink second immediately before dance (8) 11 English princess, one leaving port on the Nile Delta (9) 13297 words
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DINING OUT
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Article, Illustration649 2011-02-14 21 Audrey Phoon - By Audrey Phoon THERE’S a Spanish revolution of sorts happening at TripleOne Somerset, where a war is being waged to overturn the lacklustre representation of true blue Spanish cuisine in Singapore. Run by Umberto Vizcaino and his wife Lisa Olsen owners of Spanish food import company SolymerPHOTOS BY YEN MENG JIIN - 649 words
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Page 21 Advertisements
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Advertisement435 2011-02-14 21 www.omy.sg .N jr V v sg orny yzone msBzit m< n %^I»K r MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ASIA RISK (SINGAPORE) PTE. LTD. Company Registration Number *****5970H (In Voluntary Liquidation) At an Extraordinary General435 words
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Advertisement392 2011-02-14 21 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CERAX BUILDING MATERIALS (S) PRIVATE LIMITED Regn. No. *****5246R (IN MEMBERS’ VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of the Members of the abovementioned Company deemed to be held at 9 Temasek Boulevard #19-02 Suntec Tower392 words
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SINGAPORE STOCKS
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Article9330 2011-02-14 22 Week ended: Feb 11 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 1193 19.5 18.5 18.5 19 1.7 9.5 6.1 91 12 4.5 5834 A-Sonic9,330 words
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Article1848 2011-02-14 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 $mil 7 4 1181 t AA Grp 5.5 unch 5 5.5 5.5 4.5 5.5 30.6 5.3 225 130 6222 t APStrategic 163 1571,848 words
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Article117 2011-02-14 23 Stock name Close Change CapMallsAsia 1.910 -0.040 CapitaLand 3.340 -0.050 CapitaMall 1.840 -0.040 CityDev 10.800 -0.200 ComfortDelGro 1.560 DBS Grp 14.800 -0.020 F&N 6.020 -0.040 Genting SP 2.030 +0.010 Golden Agri 0.710 -0.005 HK Land 6.580 -0.020 Stock name Close Change JMH 44.980 -0.680 JSH 26.860117 words
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Article2646 2011-02-14 23 Transaction date: Feb 11 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.46 unch 0 Aeon Stores 15.72 -0.06 0 Angang Steel 10.88 unch 9336 Anhui Conch 34.35 0.90 2298 Anhuiexpresswa 6.04 -0.06 1143 Asia Satellite 13.50 unch 0 Asm Pacific 97.60 -0.20 1664 Bank Of E Asia 32.652,646 words
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Article186 2011-02-14 23 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 12 3 0 0 0 3 12 3 Manufacturing 59 117 48 6 11 22 65 128 70 Commerce 16 44 17 3 7 12 19 51 29 Tpt/Stor/Comms 4 33 9186 words
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Article948 2011-02-14 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 $mil 124 108 6389 ABF SG Bond ETF 110 -2 77 111 110 109 110 502.1 1070 761 CIMBAsean40 100US$ US975 -14 101 1035 975948 words
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Article268 2011-02-14 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 $mil 56 38 6000 AVJennings A53cd +5 71 54 50 53 54 3.6 6.6 4.2 138 55 16 6017 Genting HK US$ US42.5 -3 ***** 46268 words
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Article123 2011-02-14 23 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 204,384 204,384 584,383 584,383 Manufacturing 1,573,991 158,715 1,732,706 1,449,921 5,268 1,455,189 Commerce 498,447 35,821 534,268 634,328 5,874 640,202 Tpt/Stor/Comms 512,632 6,395 519,027 1,102,367 1,419 1,103,786 Finance 153,472 102 153,574 1,345,180 14 1,345,194 Construction 153,815 189,525123 words
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Page 23 Advertisements
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Advertisement26 2011-02-14 23 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES26 words
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FINANCE & COMMODITIES
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374 2011-02-14 24 In local curr In S$ In US$ dy yr dy yr dy yr Feb 11 Index Change Change Change Change Change Change World Index Preliminary 940.4 0.3 4.8 0.4 4.7 0.1 4.7 EAFE Preliminary 834.9 0.2 4.2 0.1 4.0 -0.1 4.0 Europe Preliminary 1222.3 0.5374 words
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Article178 2011-02-14 24 Feb 11 $S Offer Bid 0vernight 0.02 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.02 US$ 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 0.58 0.48 9 months 0.80 0.60 12178 words
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Article22 2011-02-14 24 Feb 11 S$ Bid Offer 1-month 1.2815 1.2826 2-months 1.2814 1.2824 3-months 1.2812 1.2823 6-months 1.2808 1.2818 Source: OCBC22 words
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Article145 2011-02-14 24 Feb 11 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 11 630.0 389 Apr 11 625.5 451 May 11 625.5 204 Jun 11 625.5 382 Jul 11 622.0 156 Aug 11 622.0 622.0 622.0 4 24 Sep 11145 words
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Article83 2011-02-14 24 Feb 11 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 12.05.2011 0.33 0.35 0.30 1-Year BY*****N 01.11.2011 0.39 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.42 102.49 102.45 5-Year N*****0S 2.875 01.07.2015 107.0883 words
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Article107 2011-02-14 24 Feb 11 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 11 1416.00 1433.00 1442.25 1410.25 May 11 1429.00 1445.25 1454.50 1423.00 Jul 11 1437.00 1452.00 1461.00 1431.25 Aug 11 1417.50 1430.00 1432.50 1412.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 11 58.49107 words
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Article77 2011-02-14 24 CRUDE OIL PRODUCTS Feb 10 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 101.95 0.57 WTI (Near Mth) 86.80 -0.01 Dubai (1-Mth F) 98.74 2.10 Tapis blend 106.80 2.35 Minas 102.90 2.35 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 95.67 1.00 Jet Kerosene 117.80 1.35 US$/barrel Opec Oil77 words
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2721 2011-02-14 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 26 -2.5 288 1 10 -6 1.48 57 6221 Asia-Pacific Strategic W*****6 31.5 4 4 1 150 11 5.17 39 6227 ASJ Hldgs W*****1 3 12,721 words
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Article121 2011-02-14 24 Feb 11 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.323 1.249 Can dollar 1.308 1.258 Euro 1.773 1.705 Sterling pound 2.097 2.017 NZ dollar 1.002 0.955 US dollar 1.298 1.249 Local dollars to 100 units of foreign121 words
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Article27 2011-02-14 24 Feb 11 Open High Sett STI Feb 3078 SIMSCI Feb 366.2 367.1 364.2 Taiwan Feb 312.7 313.3 304.3 Source: MF Global (S) Pte. Ltd27 words
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Article65 2011-02-14 24 Feb 11 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 11 3988 3982 3988 3988 934 1753 Mar 11 3936 3970 3985 3934 1371 ***** Apr 11 3900 3955 3963 3894 ***** ***** May 11 3876 390665 words
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Article392 2011-02-14 24 Feb 11 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.6650 0 4077 Jun11 99.5800 0 1674 Sep11 99.4250 0 2414 Dec11 99.1950 0 735 EUROYEN TIBOR FUTURES Mar11 99.6625 4 5203 Jun11 99.6475 0 1172 Sep11 99.6300 0 786 Dec11 99.6000 0 1791 Mar12 99.5800392 words
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Article464 2011-02-14 24 Feb 11 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.994 6.574 0.736 7.771 45.552 89.079 0.833 11.237 3.044 1.314 84.596 43.687 1.279 7.277 0.968 29.102 30.782 0.621 0.997 Canada 1.006 6.611464 words
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Article85 2011-02-14 24 Feb 11 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2011-02-14 24 Feb 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2776 1.2799 0.9968 0.9978 Canadian dollar 1.2852 1.2868 1.0027 1.0032 Euro 1.7368 1.7386 1.3551 1.3554 NZ dollar 0.9727 0.9742 0.7589 0.7595 Sterling pound 2.0565 2.0586 1.6045 1.6049154 words
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Article141 2011-02-14 24 Feb 11 GOLD (US$/oz) Feb 10 Feb 11 Hong Kong 1357.20 1362.60 Feb 11 Feb 10 London 1365.90 1361.00 1366.90 1361.75 Source: Thomson Reuters Source: Reuters CAST BAR Feb 11 (S$) Selling Buying Kilobar 60,215.32 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 135 56 5gm 383 281141 words
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Article70 2011-02-14 24 Feb 11 11 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2474.15 2516.80 3 months 2495.00 2537.50 Copper, Grade A (US$/tonne) Cash 9975.25 9949.50 3 months 9961.00 9940.00 Lead (US$/tonne) Cash 2577.50 2529.50 3 months 2560.00 2510.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash70 words
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Article82 2011-02-14 24 Feb 11 COCOA (£/tonne) Close Prev High/Low Mar 11 2223 2193 2225/2189 May 11 2199 2176 2202/2173 Jul 11 2177 2161 2182/2155 Sep 11 2161 2146 2163/2141 COFFEE (US$/tonne) Close Prev High/Low Mar 11 2216 2224 2231/2211 May 11 2255 2259 2265/2250 Jul 11 2272 2276 2282/2267 Sep 1182 words
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Article5903 2011-02-14 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. Malaysia, Indonesia Destination5,903 words
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Page 25 Advertisements
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Advertisement18 2011-02-14 25 Shipping lines I seeking reliable logistics partners I Can they find your services here in the Shipping Times?18 words
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Advertisement30 2011-02-14 25 Importers looking for Warehouse Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 int uujiiMtjj iiivitJ SHIPPING TIMES30 words
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Page 26 Advertisements
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Advertisement29 2011-02-14 26 I FREIGHT FORWARDER urgently needed by shippers I Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 132729 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration671 2011-02-14 27 AMIT ROY CHOUDHURY - But there’re three major challenges that may hinder growth: Springboard By AMIT ROY CHOUDHURY [SINGAPORE] While Indian companies are global powerhouses in delivering IT services, the country’s domestic market for these services has always been very small relative to itsBLOOMBERG FILE PHOTO - 671 words
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242 2011-02-14 27 AP [WASHINGTON] How much information is there, really? Well, according to a new study, humans were able to store 295 exabytes of information as of 2007. Now what, you might ask, is an exabyte? As you may recall, a bit is a single pieceAP - 242 words
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<what’s up>
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Article35 2011-02-14 27 ASUS has announced a new model of its netbook range, the Eee PC 1015PW. The Windows 7 device sports a 10.1 inch screen and will be available next month at $499.35 words
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Article29 2011-02-14 27 VICTORIA HO - Compiled by VICTORIA HO FUJITSU has released a new MeeGo-based netbook, the Lifebook MH330, running an Intel Atom processor. Price unavailable at press time.29 words
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Article23 2011-02-14 27 EMC Corporation has named Tom Heiser president of RSA, its security division. Mr Heiser was RSA’s chief operating officer.23 words
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Article37 2011-02-14 27 ACISION has appointed Chris Jenkins the executive vice-president and managing director for its Asia-Pacific business. Mr Jenkins will be responsible for the region and Japan, and will be based in Singapore.37 words
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Article24 2011-02-14 27 DATACRAFT India has made Kiran Bhagwanani regional director and CEO of Datacraft India. The organisation is part of Datacraft Asia.24 words
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Article, Illustration58 2011-02-14 27 SAMSUNG has announced the Galaxy Ace, Fit and Mini models, based on the Android operating system. The three models feature touch-screen displays. The Galaxy Ace has been on sale since last Saturday at $498, the Galaxy Mini (right) will be on sale from this Saturday at58 words
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Article, Illustration713 2011-02-14 27 AFP [PARIS] Smartphones are rapidly becoming ubiquitous, but they risk becoming a victim of their own success clogging networks till they are unable to do many of the smart applications that fuelled their sales. Analysts warn that the mobile industry soon faces growing pains, with congestionAFP - 713 words
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957 2011-02-14 27 LOUIS AU - Service providers need to rethink their networks as new devices hit the market <you say> By LOUIS AU The author is Asia-Pacific vice-president for Ruckus Wireless WITH a barrage of data traffic hitting corporate and mobile networks from WiFi-enabled smartphones, iPads and other bandwidth-hungry devices,957 words
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Article, Illustration769 2011-02-14 28 VICTORIA HO - IBM CEO reflects on how the company’s culture of change has seen it through the years whereas the competition has died out, reports VICTORIA HO reports VICTORIA HO ACOMPANY’S culture needs to outlive its founder in order to outlive its competitors, said IBM’s CEO andBLOOMBERG FILE PHOTO - 769 words
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Article, Illustration1362 2011-02-14 28 Companies want to not only move information dynamically, but also to make the entire process fully automated and self-managing. Is that a tall order? Special Feature brought to you by TechTrenders Asia Given the hype surrounding cloud computing and the viral rush1,362 words
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