The Business Times, 15 February 2011

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Total Pages: 32
1 32 The Business Times
  • 23 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 Tuesday, February 15,2011
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  • 768 1  -  Many snapping up tiny units to invest or to live in By KALPANA RASHIWALA [SINGAPORE] HDB dwellers are aiming small when it comes to buying private homes; they are scooping up more shoebox units. The big draw is the lower lump sum needed to
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  • 749 1  -  More berths for big boats whose berthing fees can hit $30,000 a month By JOYCE HOOI [SINGAPORE] It is unclear what they say about men with big boats, but Keppel wants their business. The Marina at Keppel Bay’s latest expansion is geared towards the
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  • 143 1 G ST INDEX 3,104.42 (+27.15) G ST INDEX FUTURES 3,105 (+27) GSIMSCI 367.36 (+3.19) GSIMSCI FUTURES 367.50 (+3.30) FOREX US$ S$ US$ (S$ per US$) 1.280 (US$/S$ per 1.606 2.056 EURO (US$/S$/E) 1.354 1.733 Foreign currency per US$ S$ YEN 83.20 65.00 RM 3.049 2.382 HK$ 7.793 6.090
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  • Page 1 Advertisements
    • 132 1 GRAMMYS Lady Antebellum wins big PAGE 21 NINA WANG Ex-lover loses court bid for US$12b estate PAGE 4 DIGITAL MAILBOX SingPost to launch digital mailbox in H2 PAGE 3 Inc Kai Square’s winning formula I PAGE 9 CNY boon or bane? I PAGE 10 THE HOURGLASS Contemporary Horological Art SINGAPORE:
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    • 10 1 BAFTAS King Colin triumphs again PAGE 20 8 '*****1 *****4
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  • TOP STORIES
    • 729 2  -  2010 level now back above pre-downturn mark; all income groups enjoy gains By ANNA TEO [SINGAPORE] After a dip in 2009, household income from work recovered last year to above the pre-down-turn level. And with the rebound, the income gap between Singapore’s richest and
      Source: DOS  -  729 words
    • 549 2 HDB dwellers think outside the shoebox HDB dwellers are aiming small when it comes to buying private homes; they are scooping up more shoebox units. The big draw is the lower lump sum needed to invest in these units. So HDB dwellers are marching into this market segment
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    • 630 3  -  The Swiss private bank plans to double the number from 120-130 By SIOW LI SEN [SINGAPORE] Swiss private bank Julius Baer intends to double the number of bankers in Asia as its strong growth momentum in the region continues. “We grew from
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    • 459 3  -  It also announced the sale of its pawnbroking business By TEH SHI NING [SINGAPORE] Total mail volumes are still on the rise in Singapore, but to pre-empt their inevitable decline, SingPost has decided to launch digital mailboxes as an alternative to physical ones.
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    • 239 3 [SINGAPORE] Singapore is among five non-member countries that have been invited by France to attend the Group of 20 nations’ summit. The meeting is scheduled to be held in Cannes on Nov 3 and Nov 4. Apart from Singapore, the other non-member
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    • 522 4 Tahrir Square mostly cleared as workers and police rally for better pay AP [CAIRO]Egypt’s military rulers called for an end to strikes and protests yesterday as thousands of state employees, from ambulance drivers to police and transport workers, demonstrated to demand better pay
      AP  -  522 words
    • 490 4 Tony Chan pursuing a dishonest case, says judge Bloomberg [HONG KONG] Nina Wang’s former feng shui adviser and lover Tony Chan lost a bid for her US$12 billion estate, as Hong Kong’s Court of Appeal upheld a ruling that a will in his
      Bloomberg; PHOTOS: REUTERS, AFP  -  490 words
    • 611 4  -  Controversial business-class trips for council heads suspended till AGM in Oct By GRACE LEONG [SINGAPORE] A two-month-long feud between the Law Society council and a group of dissenting lawyers ended on Valentine’s Day after mediators successfully brokered a settlement
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    • 508 4 Bloomberg [WASHINGTON] US President Barack Obama sent Congress a US$3.7 trillion budget that projects the federal deficit will exceed US$1 trillion for the fourth consecutive year in 2012 before falling to more “sustainable” levels by the middle of the decade.
      Bloomberg  -  508 words
  • Page 2 Advertisements
    • 495 2 2011 Ernst Young Solutions LLP. All Rights Reserved. In Wednesday, 2 March 2011 9:00 a.m. to 5:45 p.m. (Registration begins at 8:30 a.m.) Raffles City Convention Centre Level 4, Fairmont Ballroom (formerly known as Raffles Ballroom) 2 Stamford Road Singapore *****2 Seminar fees S$260 (Clients and alumni) S$330 (Others) Fees
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    • 138 2 Singapore Institute of Directors Professional Training for Company Directors The Singapore Insitute of Directors (SID) is the national association of company directors. SID promotes the professional development of directors and corporate leaders. It works closely with the authorities and regulators, its network of members and professionals, to promote the highest
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  • Page 3 Advertisements
    • 265 3 L 1 1 1 s Txji, F i I V c V*s< V £*Wlfl •••S£ .< v •-VL -I r 1 NOVENA Specialist Center A strategic location in Novena medical hub An excellent investment opportunity Novena Specialist Center is a purpose-built medical facility, integrating modern facilities with greenery and water
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  • Page 4 Advertisements
    • 217 4 Swiss Education Fair From Excellence in Education to a Winning Career Sunday, 20 February 2011 Mandarin Orchard Singapore 333 Orchard Road 10am 5pm Swiss Federal Institute of Technology Zurich (ETH Zurich) www.ethz.ch Swiss Federal Institute of Technology Lausanne (EPFL) www.epfl.ch University of Basel www.unibas.ch University of Bern www.unibe.ch University of
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  • COMPANY NEWS
    • 558 5  -  Revenue increased 5.1% to a record $3.21 b on broadbased growth By SAMUEL EE COMFORTDELGRO’S net profit edged up 4.1 per cent to $228.5 million for the full year ended Dec 31, 2010, as taxation for the land transport giant rose 33.7 per
      FILE PHOTO  -  558 words
    • 301 5  -  By LINETTE LIM SHAREHOLDERS of Catal-ist-listed Harry’s may hit the bottle soon, if the decline in the bar chain’s share price is not reversed. Opening day trade on Jan 26 saw the counter close at 19.5 cents, below its IPO offer price
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    • 670 5  -  HOCK LOCK SIEW By R SIVANITHY OVER the weekend, a Deutsche Bank-led consortium bought 54.7 per cent of shipping firm Jaya Holdings for $202.6 million, thus triggering a mandatory offer for the rest of Jaya’s shares at 48 cents each. The market yesterday
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    • 486 7  -  It reverses loss of US$307.9m a year earlier when it saw a fair-value deficit By FELDA CHAY GLOBAL Logistic Properties (GLP), which was listed on the Singapore Exchange mainboard in October last year, yesterday announced a net profit of US$83.4 million for the third
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    • 322 7  -  By EMILYN YAP THE absence of fair value investment gains caused Metro Holdings’ bottom line to drop in the third quarter, even as revenue in the period grew. For the quarter ended Dec 31, 2010, Metro posted a net profit of $8.5
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    • 385 7  -  By LYNETTE KHOO RIDING on pent-up demand for iPhones and iPads, homegrown Apple products retailer EpiCentre Holdings posted a record half-yearly profit of $4.7 million for the first half ended Dec 31. The 159 per cent surge in net profit for the first
      385 words
    • 493 7  -  By FELDA CHAY COMMODITY supply chain manager Olam International said yesterday that merger discussions with French commodities firm Louis Dreyfus Commodities (LDC) have ceased. “Discussions with Louis Dreyfus have petered out,” said Olam’s chief executive Sunny Verghese at a conference on the
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    • 433 7  -  By VEN SREENIVASAN DIVERSIFIED engineering specialist Boustead Singapore boosted its third-quar-ter net earnings 53 per cent to $13.3 million, thanks largely to strong contribution from its real estate solutions and geo-spatial divisions. This was achieved on the back of a 23 per
      433 words
    • 483 7  -  By JOYCE HOOI RICKMERS Maritime raised its distribution per unit (DPU) for its fourth quarter ended Dec 31, 2010 by 5 per cent, from 0.57 US cents to 0.6 US cents. Increased for the first time in four quarters, the DPU represents a payout
      483 words
    • 328 7  -  By TAN SHIHAO SEAN DUKANG Distillers, the Chinabased baijiu (white wine) maker that is gearing itself up for a Taiwan Depository Receipt (TDR) listing, posted a 70.9 per cent year-on-year increase in net profit to 60.8 million yuan ($11.8 million) for its second
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    • COMPANY BRIEFS
      • 98 7 CRANE company Tat Hong Holdings’ net profit for the third quarter ended Dec 31, 2010, fell 60 per cent from a year ago to $4.67 million due to the absence of a one-off gain from the sale of an investment and higher overhead expenses.
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      • 61 7 CHINA Minzhong Food Corp said net profit for its second quarter ended Dec 31, 2010, was up 53 per cent at 156 million yuan (S$30.3 million) from a year ago. Revenue increased by 40 per cent to 545 million yuan. This was due to
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      • 86 7 AIMS AMP Capital Industrial Reit said it will buy NorthTech, a property located at 29 Woodlands Industrial Park E1, from Prime Industrial Holdings Private Limited for $72 million. AIMS AMP Capital Industrial Reit Management Limited, as manager of AIMS AMP Capital Industrial Reit,
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      • 57 7 GOODPACK Ltd said that its net profit for the second quarter ended Dec 31, 2010, rose 14.4 per cent from a year ago to US$11.15 million. Revenue was up 12.7 per cent at US$36.46 million. The group said it is cautiously optimistic although the economic
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    • 273 7  -  By NISHA RAMCHANDANI ONLINE travel and hotel reservation service provider Asiatravel.com Holdings saw net profit fall by 30.6 per cent year on year to $679,000 for the first quarter ended Dec 31, 2010, despite a 52.3 per cent increase in revenue to $28.78 million. Revenue
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  • Page 5 Advertisements
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    • 153 5 v. UmL*\ Ik s £3 z w 2 m rtrtt > Serviced Offices A cost effective Serviced Office solution Best address, best receptionist, best IT and support Flexible lease terms starting from one month For less than the cost of a secretary We help businesses succeed W servcorp.com.sg Or Google
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  • SINGAPORE MARKETS
    • 588 6  -  Jardine and banks spearhead index’s 27-pt increase; market scoreboard at 238 rises to 177 falls STOCKS R SIVANITHY Senior Correspondent NOTunexpectedly,given that it had plunged 134 points last week, the Straits Times Index yesterday managed a 27.15-point bounce to 3,104.42, led by the Jardine
      Source: Bloomberg  -  588 words
    • 4 6 DAILY
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    • 66 6 Feb 14 VALUE CLOSE BT OB/OS -461.00 +93.00 BT CADI -*****.00 +29.00 BT 10-day MA -*****.00 -47.00 FTSE ST Mid Cap 781.90 +3.91 FTSE ST Small Cap 589.13 +0.14 FTSE ST All Share 771.20 +5.88 FTSE ST China Top 288.64 +2.00 FTSE ST China 313.33 +5.63 FTSE
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    • 56 6 VOLUME Genting SP 95,660,000 Transcu Grp 59,301,000 Golden Agri 43,770,000 CapitaLand 28,119,000 NexGenSCom 26,755,000 GMG Global 22,699,000 GLP 21,746,000 Noble Grp 21,404,000 SunVic 21,287,000 SingTel 19,858,000 VALUE($) Genting SP 195,566,510 CapitaLand 94,717,890 DBS Grp 88,896,216 Keppel Corp 72,178,660 OCBC Bk 70,249,000 UOB 61,769,282 SingTel 60,725,020 Noble Grp
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    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 4 3 0 0 0 11 4 3 Manufacturing 60 44 80 2 11 11 62 55 91 Commerce 22 18 20 6 3 1 28 21 21 Tpt/Stor/Comms 17 12 13
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    • BROKERS’ TAKE
      • 254 6 Feb 14 close: S$1.24 DBS Vickers Research, Feb 14 UNDERLYING net profit for Q2 FY11, excluding one-off items and listing charges of US$700,000, was US$13 million (+47 per cent y-o-y, +5 per cent q-o-q), compared to our US$15 million estimate. Key variances were lower-than-expected sales of US$174.8 million
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      • 173 6 Feb 14 close: S$0.415 CIMB Research, Feb 14 Q2 FY11 net profit of A$3.1 million or S$4.0 million (-9 per cent y-o-y) was within our expectations. H1 FY11 net profit of A$5.1 million forms 53 per cent of our full-year numbers. While we maintain our earnings estimates, we trim
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      • 147 6  -  Compiled by LYNETTE KHOO CAGR compounded annual growth rate CY calendar year Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine
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    • 120 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 34,852 34,852 107,152 107,152 Manufacturing 221,617 11,723 233,340 228,990 799 229,789 Commerce 102,060 5,301 107,361 95,738 939 96,676 Tpt/Stor/Comms 119,248 842 120,090 220,144 177 220,322 Finance 23,830 23,830 244,275 244,275 Construction 14,402 7,904 22,306 2,890
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    • 111 6 Stock name Close Change CapMallsAsia 1.910 CapitaLand 3.370 +0.030 CapitaMall 1.830 -0.010 CityDev 10.920 +0.120 ComfortDelGro 1.560 DBS Grp 14.980 +0.180 F&N 6.000 -0.020 Genting SP 2.020 -0.010 Golden Agri 0.705 -0.005 HK Land 6.870 +0.290 JMH 44.800 -0.180 JSH 26.980 +0.120 Jardine C&C 32.080 +0.860
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    • 439 6 CURRENCIES Reuters [LONDON] The euro slipped to a three-week low against the dollar yesterday, hit by reports that rescue plans for ailing lender WestLB were under threat, and with eurozone peripheral debt concerns keeping investors on edge. Aid for WestLB hangs in the
      Reuters  -  439 words
    • 118 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 621.7 4.2 DBXT MSKorea 10US$ 5867 204.7 2.8 DBXT MSEurope 10US$ 4806 117.7 2.0 DBXT SPASX200 10US$ 3561 92.1 2.1 Jardine C&C 3208 86.0 2.8 Lyxor India Nifty 10 1538 72.0 4.9 DBXT MSINDIA 10US$ 988 60.1 5.0 Lyxor China H
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    • 126 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -99.8 -0.6 DBXT FTVietnam 10US$ 3756 -93.4 -1.9 DBXT S&P Short 10US$ 4254 -70.4 -1.3 DBXT DBLCI-OY 5US$ 4104 -43.5 -0.8 OCC 3.93% NCPS10 9580 -36.0 -0.4 STXPO 100 1180 -30.0 -2.5 JMH 4480 -23.0 -0.4 STI 3200BNPeCW*****5 1.5 -8.5 -85.0 Jaya
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  • Page 6 Advertisements
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  • SINGAPORE NEWS
    • 475 8  -  Govt’s property cooling measures aimed at pre-empting bubble from forming: Mah YESTERDAY IN PARLIAMENT By CHUANG PECK MING SHORT-TERM speculators are the targets of the latest property cooling measures, not real buyers, National Development Minister Mah Bow Tan told Parliament yesterday. And he said the measures, which
      FILE PHOTO  -  475 words
    • PARLIAMENT BRIEFS
      • 133 8 AFTER dipping to a historical low of 14.5 per cent in 2008, the credit card rollover debt ratio bounced back to 15.5 per cent last year. But this was still less than the five-year average of 17 per cent in 2004-2008 and below
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      • 108 8 SINGAPORE gave about $168 million in international aid in 2009, with the bulk of the money taking the forms of technical aid and human resource capacity building programmes, Foreign Minister George Yeo said in a written reply to Non Constituency MP Sylvia Lim.
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      • 123 8 NEARLY half 48 per cent of the companies with at least 25 staff in the private sector granted paternity leave last year, according to a survey by the Ministry of Manpower. This is in addition to the six days of paid childcare leave for working
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      • 115 8 PARLIAMENT yesterday passed the Amusement Rides Safety Bill, the Private Lotteries Bill, and the Legal Profession (Amendment) Bill. The Amusement Rides Safety Bill seeks to beef up public safety in amusement rides. The Private Lotteries Bill reduces the tax rate for fruit machines in clubs from a
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    • 549 8  -  By JOYCE HOOI SINGAPORE has topped the Asian Green City Index which was released yesterday, beating out 21 other major Asian cities. It was the only city to be rated “well above average” in a five-rating index that was sponsored by Siemens. This
      549 words
    • 424 8  -  More stringent perimeter security measures suggested By SAMUEL EE SECURITY measures for Singapore’s public transport system are generally adequate and robust, but there is scope for improvement at facilities such as train and bus depots. This is the verdict of the Public
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    • 474 8  -  By MICHELLE QUAH NEW legislation governing corruption and the increased enforcement of such legislation around the world will present new risks and pitfalls for companies venturing overseas, say Baker McKenzie lawyers in town for the global firm’s annual Asia-Pacific meeting this week.
      474 words
    • 373 8  -  By LINETTE LIM TO help consumers cope with rising costs, NTUC FairPrice will be bringing back a programme that will feature a 5 per cent discount for 500 essential house brand items. The “Stretch Your Dollar” programme which will run from Feb 15 to
      373 words

  • SME Inc
    • 804 9  -  The start-up, which has been garnering awards and recently tied up with A*Star, is looking to China to propel growth, reports LINETTE LIM reports LINETTE LIM SINCE winning the Singapore Infocomm Technology Federation Award in 2009 and the prestigious Emerging Enterprise of the Year award in
      ARTHUR LEE  -  804 words
    • 1211 9  - Be humble because this too shall pass COMMENTARY By PAUL HENG The writer is executive coach and founder ofNeXT Corporate Coaching Services THERE we were, patiently waiting to enter the Esplanade Theatre to watch a local play. One of my habits when I go to watch a movie or play
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    • 522 10  -  Events range from wining dining to song dance treats to fireworks display By LINETTE LIM ON the back of a year of healthy business loans growth at 11.7 per cent banks here are sparing no expense to wine and dine their SME clients
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    • 1772 10 THIS WEEK’S TOPIC As the Chinese New Year comes with a string of holidays, overtime costs and workplace closures, how has your company responded to this festive period? Do you see it as a boon, a bane or something in-between?
      FILE PHOTO  -  1,772 words
    • 1006 11 A recent survey of SMEs in six countries found that not all companies value outside counsel SME owners may be independent spirits, but they don’t run their businesses alone. In fact, the most successful businesses call on a network of formal and informal “experts” to
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    • 477 11  -  By TEH HOOI LING OUR small cap portfolio has held up better than the Straits Times Index as well as the FTSE ST Small and Mid Cap Indexes. Compared with three weeks ago, our portfolio shed 2.3 per cent as foreign fund flows retreated from
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  • Page 9 Advertisements
    • 264 9 CFA Institute—EDHEC-Risk Institute Advances in Asset Allocation Seminar State-of-the-art risk management and asset allocation processes for product innovation London, 30 November—2 December 2010 New York, 8—10 March, 2011 Singapore, 29—31 March 2011 Bridging the Gap between Portfolio Theory and Portfolio Construction Exploring New Forms of Indices and Benchmarks Understanding the
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  • Page 11 Advertisements
    • 32 11 For us, private banking means gaining trust by providing security. Also yours: +65 6532 5325 orwww.claridenleu.com Clariden Leu Ltd., Singapore Branch, Singapore Clariden Leu SWISS PRIVATE BANKING SINCE 1755 Registration No. T05FC6718B-PTE-01
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  • CUSTOMER SATISFACTION INDEX OF SINGAPORE
    • 1231 12  -  Customer satisfaction levels in Singapore fell last year despite the continued improvement in service quality, reports UMA SHANKARI UMA SHANKARI FRONTLINEtrainingalone is not enough to ensure customer satisfaction. Companies need to consider other factors as well to boost customer satisfaction and in turn profits the findings
      Source: ISES  -  1,231 words
    • 590 12  -  By TEH SHI NING SINGAPORE’S rising popularity as a medical tourism destination may have contributed to the fall in patients’ satisfaction with private hospitals here. Patients of key private medical players polled in the final quarter of last year were less satisfied with Parkway Group,
      FILE PHOTO  -  590 words
    • 937 13  -  Some banks launch programmes to tackle the challenge presented by increasing consumer sophistication and demands in a fast-changing world, reports TEH SHI NING reports TEH SHI NING SINGAPORE’Sfinancialservices sector was key to the economy’s spectacular rebound this past year. But those headline figures matter little
      937 words
    • 690 13  -  By TEH SHI NING MOTOR and other general insurers who found themselves swamped with enquiries and claims after last year’s flash floods, can now say their efforts then have paid off. The opportunity to demonstrate responsiveness and showcase their ability to handle
      FILE PHOTO  -  690 words
    • 614 13  -  By UMA SHANKARI LINKING customer satisfaction to employee remuneration pays off, if one goes by the experience of a handful of companies that outperformed their peers in the 2010 Customer Satisfaction Index of Singapore (CSISG) ranking. Maybank, Citibank, Singapore Airlines (SIA) and Sentosa Development
      FILE PHOTO  -  614 words

  • Page 13 Advertisements
    • 277 13 (ft* 4 A HOLISTIC APPROACH TO CUSTOMER SATISFACTION LEVERAGING ON THE CSISG TO ENHANCE COMPETITIVENESS The Customer Satisfaction Index of Singapore (CSISG) is an annual study jointly developed by the Institute of Service Excellence at Singapore Management University (ISES) and the Singapore Workforce Development Agency (WDA) which has served as
      277 words

  • ECONOMY WATCH
    • 656 14  -  Contraction milder than feared but GDP now smaller than China’s; growth expected to resume in Q1 By ANTHONY ROWLEY in Tokyo JAPAN’S economy contracted slightly in the final quarter of last year as exports slipped on a strong yen and weak domestic demand, it
      656 words
    • 564 14 Bloomberg [SYDNEY] Australia’s bond market is signalling that inflation will reach a four-year high after the worst floods in 37 years devastated Queensland, supplier of more than 30 per cent of the nation’s fruit and vegetables. Australian consumer prices may rise an
      Bloomberg; AFP  -  564 words
    • 538 14 Thinner spread sign of rising demand for corporate securities Bloomberg [LONDON] The gap between the cost to buy and sell US credit-default swaps fell to a three-year low in a sign that the biggest banks expect the recovery is strong enough to withstand
      Bloomberg  -  538 words
    • 451 14 It’s set to rise to 3.1% of GDP by 2016, up from 1.3% in 2010 Bloomberg [NEW YORK] President Barack Obama may lose the advantage of low borrowing costs as the US Treasury Department says what it pays to service the
      Bloomberg  -  451 words
  • Page 14 Advertisements
    • 131 14 FREEHOLD strata title Limited eco luxury apartments Located in the "high street" of NISEKO, Japan's most renowned skiing resort Full concierge services Close to eateries and retail outlets Longest winter season November to May Excellent rental potential up to 6%** indicative pricing terms conditions apply RJVEFLSIDE cT 4 1 n
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  • MALAYSIA/INDONESIA
    • 418 15  -  Two wildcat wells reveal an estimated 2.6 tscf of natural gas in one block By in Kuala S JAYASANKARAN in Kuala Lumpur NATIONAL oil company Petronas yesterday announced two strikes in deep waters off the coast of Sarawak in discoveries that could
      FILE PHOTO  -  418 words
    • 251 15 Reuters [JAKARTA] Russian investors plan to build a US$3 billion nickel smelter in Halmahera island in eastern Indonesia, a sign of growing interest to invest in the country’s mineral processing industry. Indonesia, the world’s top exporter of tin and thermal coal, is
      Reuters  -  251 words
  • Page 15 Advertisements
    • 351 15 Office 2010 Tips and Tricks Part 2 of 3 Work better together and stayconnectedtocustomers NEW Broadcast presentations instantly! Present your work to customers across the room or across town. With the new Broadcast Slide Show feature in Microsoft PowerPoint® 2010 you can broadcast your slide show directly to anyone, anywhere
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  • GREATER CHINA/INDIA
    • 483 16 Figures support case that China is doing enough to spur domestic demand Reuters [BEIJING] China’s trade surplus fell more than expected in January after imports surged, supporting the government’s case that it is doing enough to spur domestic demand without speeding up
      Reuters; REUTERS  -  483 words
    • 440 16 Bloomberg Reuters [MUMBAI] Reliance Communications said it hasn’t violated any phone permit rules and that it held less than 10 per cent stake in a company, which according to India’s state auditor was ineligible for a mobile phone licence. The Comptroller and Auditor General
      Bloomberg; Reuters  -  440 words
    • 430 16 But price pressures remain with food inflation rising Reuters [NEW DELHI] India’s headline inflation eased slightly in January on some moderation in manufactured products, but the central bank will likely keep tightening monetary policy because price pressures are still above its comfort zone.
      Reuters  -  430 words
    • 390 16 Reuters [BEIJING] China’s plans for vast railway expansion could slow after the minister in charge of the sector came under disciplinary investigation and the official sent to sort out his ministry warned against graft in project bids. With so much of China’s
      Reuters  -  390 words
    • 291 16 Reuters [BEIJING] China’s airport building boom over the past five years has caused a litany of graft and environmental problems, but has managed to boost local economies, the government’s spending watchdog said yesterday. Ten airport projects across the country cost taxpayers some
      Reuters  -  291 words
    • 388 16 Bloomberg [BEIJING] Snowfalls in China’s major wheat-growing regions failed to ease a drought, a government agency said. The dry spell is likely to continue to affect crops as the weather is getting warmer and the winter wheat needs large amounts of water
      Bloomberg; XINHUA  -  388 words
    • 188 16 AP [SHANGHAI] China’s passenger car sales slowed in January as tax breaks for energy-efficient cars lapsed and cities began tightening curbs on vehicle use to help combat traffic congestion and smog, according to a report yesterday. The Shanghai-based China Passenger
      AP  -  188 words
  • Page 16 Advertisements
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  • Page 17 Advertisements
    • 1728 17 Banking Corporation Westpac Banking Corporation and its controlled entities (All figures quoted in Australian dollars) %l^estpac Banking Corporation STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2010 Deposits of non-bank customers The Australian Banking Act (1959) states that if an Authorised Deposit-taking Institution (ADI) becomes unable to meet its
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  • WORLD
    • 707 18 Crude falls below US$86 as fears of disruption to oil production ease AP [BANGKOK] Asian stock markets regained their gumption yesterday as the resignation of Egypt’s president eased worries over political instability in the Arab world while indicators later this week are expected to
      AP  -  707 words
    • 400 18 Bloomberg [SINGAPORE] Gold may decline for a second day, extending a retreat from a three-week high, as Egyptian strongman Hosni Mubarak stepped down after mass protests against his rule, cooling investor interest in bullion as a haven. Gold for immediate delivery was
      Bloomberg; AFP  -  400 words
    • 374 18 Bloomberg [NEW YORK] MGM Resorts International, the biggest casino operator on the Las Vegas Strip, has reported a narrower fourth-quarter loss as performance improved at its Macau joint venture. The net loss of US$139.2 million, or 29 US cents a share, compared
      Bloomberg  -  374 words
    • 349 18 AFP [MOSCOW] Chelsea Football Club owner Roman Abramovich is no longer one of Russia’s three richest men after being outranked by oligarchs who benefited from recovering oil and commodity prices, a report said yesterday. The 2011 rich list compiled by Moscow’s
      AFP  -  349 words
    • 378 18 AP [ATHENS] Athens metro and rail workers walked off the job yesterday in the latest of a series of almost daily strikes and protests against a public transport sector shake-up that is part of Greece’s cost-cut-ting reforms to improve public finances. The
      AP  -  378 words
    • 545 18 But spokesman says nationality not important AFP [BERLIN] Germany said yesterday that it may still present a new German candidate for the European Central Bank (ECB) presidency after front-runner Axel Weber’s dramatic resignation last week undid its well-laid plans. Less
      AFP  -  545 words
    • 716 19 Remarks on control, name of new entity may portend hurdles to getting approvals Reuters [NEW YORK] A top US lawmaker on Sunday created waves over two key aspects of the proposed merger between Deutsche Boerse and NYSE Euronext which management team will run
      Reuters  -  716 words
    • 296 19 Bloomberg [BERLIN] Lamborghini SpA will unveil a flagship supercar costing more than US$370,000 called the Aventador, its most powerful series production vehicle ever, at the Geneva Motor Show, a person with direct knowledge of the plans said. The Aventador LP 700-4, which has
      Bloomberg  -  296 words
    • 420 19 Bloomberg [ABU DHABI] The oil market is well supplied and the Organization of the Petroleum Exporting Countries (Opec) is ready to provide more crude to consumers as demand grows, the United Arab Emirates’ oil minister said. Producers in Opec countries
      Bloomberg  -  420 words
    • 466 19 Plans to hire up to 20 more to rebuild team weakened by departures Bloomberg [LONDON] Citigroup, the third-largest US bank, plans to hire as many as 20 senior corporate and investment bankers in Europe in the first-half of 2011 as it rebuilds
      Bloomberg  -  466 words
    • 511 19 Reuters [TOKYO] Ever since Valentine’s Day took off in Japan some four decades ago, the holiday has been celebrated with a twist: women buy chocolates and gifts for men, including bosses and colleagues as well as lovers and spouses, instead of the other way
      Reuters; AFP  -  511 words
    • 618 20 Fuel too ingrained in public policy to be easily dislodged Reuters [WASHINGTON] As world food prices reach new highs, a handful of US politicians and hard-hit corporations are readying a fresh effort to forestall the use of more US corn and soya beans
      Reuters  -  618 words
    • 640 20 AFP [LONDON] The King’s Speech continued its regal progress through the awards season, winning the Best Film award at the Baftas, as Colin Firth, who plays the film’s stammering monarch, picked up Best Actor. The dramatisation of the true-life relationship between
      AFP; PHOTOS: REUTERS, AFP  -  640 words
    • 505 20 Bloomberg [VILNIUS] Eastern Europe’s economic recovery remains fragile because of weak domestic demand, which may force policy makers to pause before responding to accelerating inflation with higher interest rates, economists said. The Czech Republic, the largest economy among the five countries in
      Bloomberg  -  505 words
    • 377 20 Reuters [PHILADELPHIA] Sanofi-Aventis has completed a review of the financial books and operations of takeover target Genzyme Corp, but the two sides continue to discuss a final price for a potential deal, according to The Wall Street Journal. Sanofi did not find any
      Reuters  -  377 words
    • 618 21 Convertible notes, called CoCos, will satisfy tougher capital rules Reuters [ZURICH] Credit Suisse is issuing six billion Swiss francs (S$7.9 billion) of debt that converts into shares if the bank hits trouble, in a boost to a market that regulators want to
      Reuters  -  618 words
    • 1148 21 Album of the year goes to Canadian rockers Arcade Fire AP [LOS ANGELES] Lady Antebellum won big at the Grammys with five awards, including record and song of the year for the band’s yearning crossover ballad Need You Now, but Canadian rockers Arcade Fire
      AP; PHOTOS: AFP, REUTERS  -  1,148 words
    • 244 21 Reuters [MOSCOW] Russia’s government kicked off its biggest privatisation drive since the collapse of the Soviet Union, raising 95.7 billion roubles (S$4.2 billion) with the sale of 10 per cent in its second biggest bank VTB. The bank sold the
      Reuters  -  244 words

  • Page 19 Advertisements
    • 681 19 HATS BUY IT-SELL IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF 1. GHEE CONCEPT CO. PTE. LTD (Registration No: *****7414E) 2. CONCORDIA PARTNERS PTE. LTD. (Registration No: *****9826R) 3. ZENMIND INTERNATIONAL PTE. LTD. (Registration No: *****1489M) (In
      681 words


  • Page 21 Advertisements
    • 1240 21 MATS NOTICES BUY IT• SELL IT• FIND IT IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 MYOB SINGAPORE PTE LTD (Company Registration No. *****4210H) MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on 9 February 2011, the following resolutions were duly passed:
      1,240 words

  • EDITORIAL & OPINION
    • 486 22 EDITORIAL CAN the oil chemicals and power sectors traditionally regarded as “dirty” industries clean up their act and become “green” or more environment-friendly as far as carbon emissions are concerned? That’s what the US is starting to legislate, while Singapore, without resorting to laws
      486 words
    • 840 22  -  THE BOTTOM LINE WILLIAM PESEK JR William Pesek is a Bloomberg News columnist. The opinions expressed are his own Bloomberg FORGET Egypt for a moment. Skip the water crisis in China. Look past angst on the streets of Bangladesh. If you
      Bloomberg  -  840 words
    • 1074 22  -  Numbers with products that can be processed more fluently are better liked by consumers By DAN KING The writer is assistant professor in the Department of Marketing, NUS Business School. He specialises in affective and cognitive structures influencing consumer behaviour. Chris Janiszewski collaborated in
      GAVIN FOO/THE NEW PAPER  -  1,074 words
    • 1272 23  -  Compared with to the global average of 30, the Republic has just five tax payments By DAVID SANDISON, LIM KEXIN David Sandison is a tax partner and Lim Kexin is a senior tax consultant, PricewaterhouseCoopers Services LLP. Note: A copy of the
      REUTERS  -  1,272 words
    • 549 23 LETTERS TO THE EDITOR AMONG the many disturbing developments and non-developments in the Port Klang Free Zone (PKFZ) fiasco, Transparency International (TI) Malaysia and the public are gravely concerned that the proposal for the reappointment of Rajasingam as an independent director on the Port
      549 words
    • 697 23  -  By CHRIS WOO Chris Woo is a partner at PricewaterhouseCoopers Services. He leads a tax team on mergers and acquisitions advisory. THE statement that Singapore does not have a capital gains tax is always followed by a string of caveats. Any taxpayer disposing a
      697 words
    • 297 23 I HAVE been reading with interest proposals in the EU to introduce new rules for auditors in the wake of the financial crisis. Auditors play an important role in the corporate governance of companies and other organisations, and they occupy a fiduciary position. Therefore,
      297 words


  • AVIATION
    • 668 24  -  Cargo will hit 38m tonnes and more new travellers will come from Asia: Iata IATA VISION 2050 MEETING By VEN SREENIVASAN [SINGAPORE] The global aviation industry will fly 3.3 billion air travellers and move some 38 million tonnes of air cargo in
      668 words
    • 664 24  -  By VEN SREENIVASAN [SINGAPORE] The International Air Transport Association (Iata) concluded its Vision 2050 meeting here over the weekend, where 35 strategic global thinkers addressed the issues facing an industry which flies almost 3 billion people and 30 million tonnes of cargo
      664 words
    • 344 24 Re uters [SEATTLE] Boeing Co rolled out a new jumbo jet on Sunday, hoping to relive the glamour of the birth of the 747 over 40 years ago and use it to boost slow sales. The 747-8 Intercontinental will seat 467 passengers,
      Reuters; AP  -  344 words
    • 237 24  -  VEN SREENIVASAN [SINGAPORE] Global power systems company Rolls-Royce has clinched a US$2.2 billion TotalCare long-term services contract from Emirates, covering Trent engines for the airline’s 70 Airbus A350XWB aircraft. The new contract for Trent XWB engines comes two months after Rolls-Royce won a US$1.2
      237 words
    • 3244 24 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi EK4968 0125 EK4970 0350 EK4970 0235 KU6458 1425 SQ455 1230 SQ458 1425 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 MU8213 1830 QF81 1830 Ahmedabad NH6292
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  • Page 24 Miscellaneous
    • 326 24 CRYPTIC CROSSWORD Across 1 Powder extracted from potent alcohol (4) 3 Strike by kids is a load of nonsense (10) 8 What made woman refrain from harming kid? (5,3) 9 Puzzle for disheartened daredevil in fairground attraction (6) 10 Student, in a period of prosperity, is flowering (6) 11 Became
      326 words

  • Page 25 Advertisements
  • SHIPPING
    • 2323 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 Destination
      2,323 words
    • 546 26 Brazilian firm’s transhipment facility in Perak to start operations in 2014 Reuters [IPOH] Brazil’s Vale will spend US$1.3 billion in the first phase of its transhipment project in Malaysia’s Perak state that can handle 30 million tonnes of iron
      Reuters  -  546 words
    • 278 26 SGX '000 Feb 14 S$ +/-Vol CH Offshore 0.49 0.01 111 Chuan Hup Hldg 0.25 unch 89 Cosco Corp 2.15 0.03 8907 CWT Ltd 1.25 0.01 2741 Ezra Hldgs 1.70 0.04 2772 First Ship Lea 0.43 -0.01 1120 Freight Links 0.07 -0.01 2563 Grand Banks unch unch 0
      278 words
    • 279 26 Strong demand, cost advantage lift Jan sales to 3.6m tonnes Reuters [SINGAPORE] Marine fuel sales in Singapore, the world’s largest bunker port by volume, hit an all-time high of 3.64 million tonnes in January, up 4.3 per cent from a month ago, official
      Reuters; BLOOMBERG  -  279 words
    • 226 26 Bloomberg [SINGAPORE] STX Offshore Shipbuilding Co, builder of the world’s largest cruise ship, fell the most in more than three months in Seoul trading after missing out on a Royal Caribbean Cruises Ltd order. The shipbuilder dropped 11 per cent, the largest
      Bloomberg  -  226 words
    • 370 26 Bloomberg [SINGAPORE] Freight rates for transporting spot cargoes of liquefied natural gas may fall by about 40 per cent this summer as warmer weather crimps demand for spot purchases of the heating fuel, a consultant said. Daily rates for spot charters
      Bloomberg  -  370 words
    • 193 26 Reuters [LONDON] China is in talks to build a “dry canal” linking Colombia’s Atlantic and Pacific coasts by rail, Colombian President Juan Manuel Santos was quoted as saying on Sunday. The 220-kilometre project, dubbed as an alternative to the Panama Canal, is
      Reuters  -  193 words

  • Page 26 Advertisements
    • 332 26 SHIPPING TIMES HDS LINES THE SHORTEST TRANSIT TO PERSIAN GULF Visit our website at: TBA CONTAINER SERVICE TO JEDDAH, ISTANBUL, MIDDLE EAST, PERSIAN GULF, CIS, MEDITERRANEAN AND NORTHERN EUROPE AMCL AMEL S M L SERVICE Approx transit time ex-Singapore 8 D 9 D 14 D 8D 11D 12D 14D 20
      332 words
    • 437 26 website: http://www.australasialine.com Accepting Container/Breakbulk/Heavy Lifts A US TRAL A S IA LINE EASTERN/WESTERN AUSTRALIA SERVICE Vessel/Voy Lifting Capacity PUSAN/MASAN KOBE SHANGHAI KAOHSIUNG LAEM CHABANG SINGAPORE DAMPIER PORT HEDLAND FREMANTLE ADELAIDE Cape Darnley/02WS11 200MT 15/02 19/02 27/02 08/03 17/03 23/03 Cape Delfaro/03WS11 200MT 26/03 31/03 08/04 15/04 19/04 27/04 03/05 12/05
      437 words
    • 456 26 SINOKOR MERCHANT MARINE CO. LTD FMX (W) FMX (E) Vessel Voy SIN TAO KAN PUS SHA HJ BEIJING 0096E 17/02 23/0225/02 26/02 28/02 STX PATRAIKOS 008E 24/02 02/03 04/03 05/03 07/03 HJ BERLIN 0109E 03/03 09/03 11/03 12/03 14/03 HJ PARIS 0103E 10/03 16/0318/03 19/03 21/03 Vessel Voy SIN CMB
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  • SINGAPORE STOCKS
    • 9009 27 Transaction date: Feb 14 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 18.5 19 1.7 9.5 6.1 91 12 4.5 5834 A-Sonic 6 unch 397
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    • 1662 28 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 -0.5 4 5 4.5 4.5 5 27.8 4.8 225 130 6222 t APStrategic 164 +1
      1,662 words
    • 9442 28 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.33/ APS Alpha Fund (USD)!** 1.04/ 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
      9,442 words
    • 258 28 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 $mil 56 38 6000 AVJennings A53.5cd +0.5 62 55.5 53.5 53.5 55 3.6 6.5 4.3 139.3 55 16 6017 Genting HK US$ US43 +0.5 ***** 44
      258 words
    • 874 28 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 6389 ABF SG Bond ETF 110 unch 14 110 110 110 111 502.1 1070 761 CIMBAsean40 100US$ US1005 +30 7 1005 981
      874 words


  • FINANCE & COMMODITIES
    • 374 29 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 0.5
      374 words
    • 177 29 Feb 14 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.01 US$ 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 12
      177 words
    • 22 29 Feb 14 S$ Bid Offer 1-month 1.2790 1.2801 2-months 1.2789 1.2799 3-months 1.2788 1.2799 6-months 1.2800 1.2810 Source: OCBC
      22 words
    • 121 29 Feb 14 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.327 1.252 Can dollar 1.323 1.273 Euro 1.764 1.697 Sterling pound 2.091 2.011 NZ dollar 0.998 0.951 US dollar 1.302 1.252 Local dollars to 100 units of foreign
      121 words
    • 27 29 Feb 14 Open High Sett STI Feb 3105 SIMSCI Feb 364.0 368.8 367.5 Taiwan Feb 304.7 309.3 307.6 Source: MF Global (S) Pte Ltd
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    • 65 29 Feb 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 11 3930 3968 3930 3930 109 830 Mar 11 3954 3967 3970 3947 974 ***** Apr 11 3919 3933 3954 3914 ***** ***** May 11 3888 3885
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    • 427 29 Feb 14 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.6650 0 4077 Jun11 99.5700 0 1674 Sep11 99.4100 0 2614 Dec11 99.1700 0 618 EUROYEN TIBOR FUTURES Mar11 99.6600 99.6600 99.6600 99.6600 0 5325 Jun11 99.6450 0 1172 Sep11 99.6275 0 786 Dec11 99.6000 99.6050
      427 words
    • 137 29 Feb 14 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 11 638.0 638.0 638.0 4 Apr 11 631.0 May 11 631.0 Jun 11 625.0 625.0 630.0 1 Jul 11 626.0 Aug 11 626.0 Sep 11 626.0 Oct 11
      137 words
    • 83 29 Feb 14 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 19.05.2011 0.34 0.35 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 102.40 102.43 102.40 5-Year N*****0S 2.875 01.07.2015 107.00
      83 words
    • 107 29 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 58.49
      107 words
    • 77 29 CRUDE OIL PRODUCTS Feb 11 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 101.24 -0.71 WTI (Near Mth) 85.44 -1.36 Dubai (1-Mth F) 97.36 -1.38 Tapis blend 105.45 -1.35 Minas 101.55 -1.35 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 95.11 -0.56 Jet Kerosene 117.60 -0.20 US$/barrel Opec Oil
      77 words
    • 2496 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 26 unch 245 1 10 -5 1.46 57 6221 Asia-Pacific Strategic W*****6 32 0.5 1 1 150 11 5.13 39 6227 ASJ Hldgs W*****1 3 1
      2,496 words
    • 464 29 Feb 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.992 6.638 0.743 7.843 45.736 89.665 0.837 11.279 3.068 1.326 85.700 43.929 1.288 7.300 0.979 29.511 30.942 0.627 1.006 Canada 1.008 6.694
      464 words
    • 85 29 Feb 14 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • 154 29 Feb 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2867 1.2890 1.0059 1.0069 Canadian dollar 1.2979 1.2994 1.0146 1.0150 Euro 1.7320 1.7336 1.3540 1.3542 NZ dollar 0.9705 0.9726 0.7587 0.7597 Sterling pound 2.0545 2.0566 1.6061 1.6065
      154 words
    • 137 29 Feb 14 GOLD (US$/oz) Feb 14 Feb 11 Hong Kong 1359.00 1362.60 Feb 11 Feb 10 London 1365.90 1361.00 1366.90 1361.75 Source: Thomson Reuters CAST BAR Feb 14 (S$) Selling Buying Kilobar 60,070.87 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 135 56 5gm 382 280 10gm 682
      137 words
    • 69 29 Feb 11 Aluminium, 99.7% purity (US$/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) Cash *****.00
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    • 82 29 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 Pev High/Low Mar 11 2216 2224 2231/2211 May 11 2255 2259 2265/2250 Jul 11 2272 2276 2282/2267 Sep 11
      82 words

  • PROPERTY
    • 238 30 AFP [HONG KONG] US finance firm Fortress Investment plans to raise US$1 billion for a China fund that would invest in housing for the elderly, as authorities contend with a looming ageing problem, a report said yesterday. The hedge fund and buy-out
      AFP  -  238 words
    • 465 30  -  Tokyo and Hong Kong took the top two spots in Asia-Pacific By EMILYN YAP SINGAPORE remained the third most expensive Asia-Pacific city for office space in the fourth quarter last year, even as Grade A office rents on the island continued to climb.
      465 words
    • 522 30 Bloomberg [SYDNEY] Australian home-loan approvals rose by more than twice the amount economists forecast in December as the nation ended a record year for job growth with unemployment near a two-year low. The number of loans granted to build or buy houses and
      Bloomberg; BLOOMBERG  -  522 words
    • 286 32 Bloomberg [LONDON] The outlook for the UK housing market has become more gloomy in recent months, according to the Centre for Economics and Business Research (CEBR), which revised its forecast to say prices will decline this year. Home values will drop 1.7 per cent
      Bloomberg; BLOOMBERG  -  286 words
    • 425 32 Real estate prices in Dubai have slumped 62% from their peak in mid-2008 Bloomberg [DUBAI] Property prices in Dubai, the Persian Gulf business hub, will continue to fall this year after declining 1.9 per cent in January, Deutsche Bank AG
      Bloomberg; BLOOMBERG  -  425 words
    • 243 32 Reuters [LONDON] Property investor Grosvenor said yesterday it raised £125 million (S$257 million) through a notes issue, to diversify its funding sources and help finance new investments here. Privately held Grosvenor, which manages the estate of the Duke of Westminster, said the issue of
      Reuters  -  243 words
  • Page 30 Advertisements
    • 53 30 Tanjong Katong Pri Sch TANJONG KATONG RDOAAmMOUNTBATTEN RDAMBER RDAMBER GDNSTheEstaOneAmber C.H.I.J. (Katong) Pr sch The Esta STILL RD( The Shore Residences (U/C) The Seaview MARINE PARADE RDMarineAMBR RD One Amber AMBER GDNSber Tao Nan Sch Marine Parade Central Amber Residences (U/C) Parkway Parade EAST COAST PARKWAYEast Coast Silversea (U/C) East
      53 words
    • 281 30 /WKV JONES LANG W FOR SALE BY TENDER Real value in a changing world I Residential Redevelopment Site in Holland Park GCB area Site Area: 21,879 sq ft GFA: 43,691 sq ft Coveted location in close proximity to Botanic Gardens, Dempsey and Holland Village Served by Commonwealth, Queenstown and Farrer
      281 words
    • 119 30 AUCTION ON 23 FEB 2011 Shangri-La Walk Oei Tiong Ham Park V'- set*n 3 r I'f Corner 2-storey bungalow Land area approx. 6,346 sq ft Freehold 5 bedrooms swimming pool Quiet cul-de-sac Wide front, regular, above road level 1km to St Nicholas Girls' School Near Thomson Plaza and AMK Hub
      119 words

  • INDUSTRIAL SPACE
    • 1012 31  -  Already a hub for cutting edge R&D, one-north will also house the Singapore LINK initiative, reports UMA SHANKARI reports UMA SHANKARI JTC’s one-north research hub at Buona Vista, which is already home to numerous companies doing cutting edge R&D work, is also set to
      1,012 words
  • Page 31 Advertisements
    • 143 31 XX Connectivity strengthens capabilities Especially here at one-north It's where you are that inspires the difference one-north Located in Buona Vista, one-north is the world's next ideas hub where working, living, playing and learning are integrated on 200 hectares of lush green space. Here, offices and laboratories with the latest
      143 words

  • Page 32 Advertisements
    • 69 32 Budget 2011 Implications for Your Business Join experts from RSM Chio Lim and Mercer as they share their analysis on how the budget measures will affect your business. REGISTER: www.RSMChioLim.com.sg/budget2011.pdf For enquiries, please call 6594 7958/6594 7813 or email to info@stoneforest.com.sg Who should attend: CEOs, CFOs, CHROs, Financial Controllers, Accountants,
      69 words
    • 107 32 Whitley Heights Large Mixed Landed Site D11, Whitley Rd, behind Chancery Lane pamela@credo.com.sg karhing@credo.com.sg karamjit@credo.com.sg Land 130,164 sf, 2-Sty Mixed Landed; FH Within 1 km to ACS and CHIJ (Toa Payoh) Ideal for landbanking; quiet cul-de-sac Potential for up to 80 strata terraces Tender Closing on 2 March 2011 (Wed),
      107 words