The Business Times, 19 February 2011

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Microfilm: NL31046
Total Pages: 50
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    18 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg FEBRUARY 19 -20, 2011 S$1.00 MICA(P) 139/08/2010 S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • Article, Illustration
    Lock icon Ride today, rise tomorrow
    1287 1  -  Budget gives a string of one-off goodies to help small businesses and low-income earners overcome challenges, but its main thrust is to launch into a productivity-driven future of higher incomes By Anna Teo anna@sph.com.sg Singapore AN inclusive Budget with its sights set on the decade ahead,
    YEN MENG JIIN  -  1,287 words
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  • TOP STORIES
    • Article
      Lock icon MARKETS
      139 2 G STI 3,086.92 (+4.09) G STI FUTURES 3,087 (+4) G SIMSCI 365.30 (+0.12) H SIMSCI FUTURES 364.70 (-0.30) STOCKS Friday Change KL COMP 1,517.56 +9.00 NIKKEI 225 10,842.80 +6.16 HANG SENG 23,595.24 +293.40 SET Closed JAKARTA 3,501.50 +67.12 MANILA 3,851.24 -15.14 KOSPI 2,013.14 +35.92 SHENZHEN B 839.14 -6.32 MUMBAI
      139 words
    • Article, Illustration
      Lock icon Spoils shared, but with a small price to be paid
      941 4 Editorial APEOPLE’S budget, an inclusive budget, a budget for social cohesion such is the general tone of reactions to Budget 2011, and not surprisingly too, for this Budget will be most remembered for the largesse it has extended to the
      YEN MENG JIIN  -  941 words
    • Article
      Lock icon SGX plans to speed up listing process
      729 6  -  Timing is becoming very important given increased market volatility and as SGX targets international listings, says CEO Bocker By Lynette Khoo lynkhoo@sph.com.sg Singapore SINGAPORE Exchange (SGX) is looking at further shortening the time-to-market for new listings given increased market volatility and as more
      729 words
    • Article, Illustration
      Lock icon Malaysia, India ink long-delayed free trade agreement
      449 6 They aim to double two-way trade to US$15 billion by 2015 AFP Kuala Lumpur MALAYSIA and India signed a long-delayed free trade pact yesterday that they say will double two-way trade to US$15 billion by 2015 and help strengthen economic ties. “The signing
      AFP  -  449 words
    • Article, Illustration
      Lock icon Battle for top SHRI post turns into a campaign of ‘defamation’
      365 7  -  Candidate accused of using defamatory remarks against current president By Grace Leong gleong@sph.com.sg Singapore A CONTEST for the presidency of the Singapore Human Resources Institute (SHRI) has turned ugly with allegations that defamatory remarks were lobbed against the group’s
      365 words
    • Article
      Lock icon OCBC posts Q4 profit of $505m – below analysts’ expectations
      709 8  - OCBC posts Q4 profit of $505m below analysts’ expectations Full-year net earnings hit $2.25b a record for the banking group Reports by Conrad Tan conradt@sph.com.sg Singapore OCBC Bank’s fourth quarter net profit rose one per cent to $505 million compared to a year ago, missing analysts’ estimates, due mainly to
      709 words
    • Article, Illustration
      Lock icon Home loan applications down 20% in January at OCBC
      354 8 HOME loan applications fell by a fifth at OCBC Bank in January, the bank said yesterday. Though it isn’t clear yet how much of that was triggered by the latest government measures to cool the property market announced on Jan 13,
      ARTHUR LEE  -  354 words
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      70 2 CONTENTS NEWS Top Stories 2-8 Week in Review 9 Raffles 10-11 Companies 12-13 From The Desk Of 14 Singapore 15 World 16-18 Stocks Stats 19-23 Style 24-25 Gadgets 26 Health 27 Motoring 28-29 Perspective 30-31 Wealth 32-34 BUDGET Corporate tax L2-3 Personal tax L4 Growth dividend L5 RTVlicence L6 Skillsupgrading
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      181 3 Be the first to discover the new ArtScience Museum at Marina Bay Sands® with OCBC Cards. From 19 February 2011, open your mind to Curiosity, Inspiration Expression at the brand new ArtScience Museum at Marina Bay Sands®. OCBC Cardmembers' Exclusive Enjoy 20% OFF museum admission Tickets can be purchased at
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  • Page 5 Advertisements
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      238 5 r .a <U. w<f-, 4 *r-w s/ly vlanhatten f/ r *K i« 01 ss* f g at# i: jB E?IM n Si* r j' -**-T J ir ):B| THE BREEZE. THE URTER. FRLL IN LDVE. Welcome to a new era in residential development. My Manhattan, at the heart of the
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  • Page 7 Advertisements
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      18 7 Grow Your Stock O Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices NOTICES
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      Lock icon Page 7 Advertisements Column 2
      147 7 What we consider a passing grade for our EMBA faculty. As you weigh the merits of Executive MBA programs, use the right benchmarks. In the latest Bloomberg Businessweek rankings for EMBA programs, Chicago Booth alumni awarded our faculty an A+ for teaching. And because the same world-class faculty teaches in
      147 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK Feb 14-18, 2011
      • Article
        Lock icon PayPal zooming along in Singapore
        52 9 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. The company’s payment volume, originating out of Singapore, grew even faster: a 63 per cent increase
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      • Article
        Lock icon Gulf shares rise as Egypt suspends Constitution
        47 9 EGYPT’S new military rulers suspended the Constitution on Feb 13 and dissolved a parliament dominated by the ruling party of former president Hosni Mubarak as Middle East shares gained, sending Abu Dhabi’s stock index to the highest in a month.
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      • Article
        Lock icon China to vet foreign M&A deals
        37 9 CHINA will launch a state-level investment review body to check that merger and acquisition deals struck by foreign firms in the countrydonot endanger “nationalsecurity”, China’s State Council said on Feb 12.
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      • Article
        Lock icon HDB dwellers think outside the shoebox
        39 9 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.
        39 words
      • Article
        Lock icon Keppel marina to ride superyacht wave
        50 9 THE Marina at Keppel Bay’s latest expansion is geared towards the superyachts maritime monsters measuring 80 feet and longer. Its third phase and most recent expansion completed in November for $3 million sees the marina having 21 berths for superyachts, up from 13 previously.
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      • Article, Illustration
        Lock icon BIG TO BIGGER
        20 9 THE Marina Bay Sands integrated resort wants more space to expand its convention and exhibition space AFP
        AFP  -  20 words
      • Article
        Lock icon Strong growth feeds into household incomes
        45 9 AFTER a dip in 2009, household income from work recovered last year to above the pre-downturn level. And with the rebound, the income gap between Singapore’s richest and poorest households widened slightly last year, after accounting for government perks.
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      • Article
        Lock icon SGX plays new board game to seal ASX deal
        49 9 TO sweeten its bid for the Australian stock exchange, the Singapore Exchange is making a takeover move look like a marriage of equals. It has decided to give the two sides equal representation on the board of the merged entity.
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      • Article
        Lock icon Jan private home sales down 11% as new rules take effect
        49 9 DEVELOPERS managed to sell a respectable 1,189 private homes in January down 11 per cent from 1,332 in December as measures to cool the property market rained on the home-buying parade only in the middle of the month.
        49 words
      • Article
        Lock icon Bubbly businesses hint at 10% growth in Q1
        32 9 SINGAPORE’S economy could grow up to 10.1 per cent in the first quarter, according to leading indicators from the latest BT-Uni-SIM Business Climate Survey.
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      • Article
        Lock icon Sanofi clinches Genzyme with improved US$20.1b offer
        34 9 FRENCH drugmaker Sanofi-Avent-is agreed to buy Genzyme Corp with a sweetened US$20.1 billion cash offer, plus payments tied to the success of the US biotech group’s drugs.
        34 words
      • Article
        Lock icon Cost pressures cast a shadow over 2011
        56 9 WITH the economy still growing faster than its trend pace, emerging cost pressures, not GDP growth, will be the key macroeconomic risks this year, says the Ministry of Trade and Industry. The official forecast for 2011 growth remains 4-6 per cent, down from
        56 words
      • Article
        Lock icon Marina Bay Sands needs more space for MICE to play
        56 9 LAS Vegas Sands Corp is lobbying the Singapore government for more land to expand its convention and exhibition space at Marina Bay Sands, and is prepared to bid for any additional land the government puts up for auction, chairman and
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    • Article
      Lock icon NEXT WEEK Feb 21-25, 2011
      82 9 US DATA Feb 22 Feb consumer confidence Feb 23 Jan existing home sales Feb 24 Jan new home sales Feb 25 Q4 GDP second estimate Feb consumer sentiment SINGAPORE DATA Feb 21 Q4 wholesale trade index Feb 23 Jan consumer price index Feb 25 Jan
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  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      334 9 CRYPTIC CROSSWORD Across 1 It’s quite untrue such a novel wouldn’t corrupt (4,7) 9 Girl and chap at university flirted (7,2) 10 Boarded, and did well with studies? (3,2) 11 Undirected commercial break (6) 12 Clear of secret corruption (4-4) 13 Green Party finally contrived to get power (6) 15
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    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      11 9 SATURDAY with Ludwig ‘Will the national budget affect my daily allowance?’
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon On top of his game
      2178 10/11  -  Micron’s CEO plays hard and works hard and that’s made the memory company one of the best in the business. By Amit Roy Choudhury amit@sph.com.sg AN Internet search for photos of semiconductor company Micron’s CEO, Steve Appleton, would get you pictures of a handsome man
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  • COMPANIES
    • Article, Illustration
      Lock icon Sing Land, UIC make turnaround
      732 12  -  SingLand posts $661.7m profit and UIC $703m earnings for 2010 By Kalpana Rashiwala kalpana@sph.com.sg Singapore OFFICE landlord Singapore Land yesterday posted group net earnings of $661.7 million for the year ended Dec 31, 2010, on the back of a $538.5 million fair-value gain on investment
      FILE PHOTO  -  732 words
    • Article, Illustration
      Lock icon Continuous all-day trading pushed to Q2
      432 12  -  By Joyce Hooi joyceh@sph.com.sg Singapore THE arrival of non-stop trading has hit a semi-colon. It will no longer start on March 1 as originally planned, but has been postponed to the less specific “second quarter of the year”, the Singapore Exchange announced yesterday. The
      FILE PHOTO  -  432 words
    • Article
      Lock icon Aspial posts 47% profit fall; proposes bonus issue
      349 12  -  By Joyce Hooi joyceh@sph.com.sg Singapore ASPIAL Corporation reported a 47 per cent plunge in net profits for FY 2010, from $9.1 million to $4.8 million, yesterday. Revenue for the year stayed flat, with a one per cent increase to $280.3 million. The
      349 words
    • Article, Illustration
      Lock icon Wall St and the West still the safe havens
      556 13  -  STOCKS R Sivanithy sivan@sph.com.sg Senior correspondent TALK about market swings. The local bourse this week goes up one day only to fall the next.And it’sall thanks to market sentiment that the West is now the safe haven. The withdrawal of funds
      556 words
    • Article
      Lock icon TOP GAINERS
      58 13 BY CENTS CLOSE UP Jardine C&C 3412 134.0 4.1 JSH 2754 91.8 2.7 JMH 4538 68.8 1.2 DBXT SPASX200 10US$ 3599 66.3 1.5 GLD 10US$ ***** 62.5 0.4 DBXT Nifty 10US$ ***** 54.8 0.3 DBXT MSTaiwan 10US$ 1986 43.4 1.7 DBXT MSINDO 10us$ 1326 39.5 2.4 CityDev.ES.1102 1112
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    • Article
      Lock icon TOP LOSERS
      57 13 BY CENTS CLOSEDOWN DBXT FTVietnam 10US$ 3652 -102.0 -2.1 Asia Pac Brew 2170 -20.0 -0.9 StraitsAsia.ES.1102 249 -20.0 -7.4 DBXT S&P Short 10US$ 4224 -14.0 -0.3 OCBC Bk 941 -14.0 -1.5 StraitsAMBLeCW*****3 3 -9.5 -76.0 GoldenAgr.ES.1102 66 -8.0 -10.8 DBXT CSI300 10US$ 1110 -7.7 -0.5 IS MSCI Spore
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    • Article, Illustration
      Lock icon Ramba shares gain on news of higher price deal
      468 13  -  Exploration company seals negotiations with Indon buyer for 70% higher gas sale price By Ronnie Lim ronnie@sph.com.sg Singapore FIRST, it struck oil earlier this month at its Jatirarangon gas field; now it has struck a new, 70 per cent higher, gas
      REUTERS  -  468 words
    • Article
      Lock icon TOP 20 ACTIVES
      111 13 VOL CLOSE GoldenAgri 253,638 65 -2.5 -3.7 GentingSP 90,840 201 -1.0 -0.5 NexGenSCom 79,062 5 0.5 11.1 SingTel 33,986 295 -1.0 -0.3 ChinaGaoxian 32,913 28 1.5 5.7 RafflesEdu 30,147 28.5 1.0 3.6 Biosensors 20,190 101 -3.0 -2.9 Adroit 19,109 2.5 0.0 0.0 GMGGlobal 18,384 29.5 0.0 0.0
      111 words
    • Article
      Lock icon STI STOCKS
      110 13 Stock name Close Change CapMallsAsia 1.870 -0.050 CapitaLand 3.390 -0.010 CapitaMall 1.830 +0.010 CityDev 11.060 +0.340 ComfortDelGro 1.550 -0.020 DBS Grp 14.600 +0.020 F&N 6.030 -0.050 Genting SP 2.010 -0.010 Golden Agri 0.650 -0.025 HK Land 6.640 JMH 45.380 +0.540 JSH 27.540 +0.720 Jardine C&C 34.120 +1.340 Keppel
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon The way forward
      900 14  -  Private banks should look to tradition to innovate for the future from the desk of Yee Chin Lit Head of South-east Asia Clariden Leu THE private banking industry is gaining momentum in Asia as global wealth trends shift eastward. The number of Asia-Pacific High Net Worth Individuals
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  • SINGAPORE
    • Article, Illustration
      Lock icon Courts stress more mediation, plea bargains
      408 15  -  Their 2011 workplan includes setting up of community sentencing courts, drug courts By Linette Lim llinette@sph.com.sg A NEW-AGE, non-adversarial justice movement is gaining momentum in many jurisdictions, said Chief Justice Chan Sek Keong yesterday at a keynote address on the Subordinate Courts’ Workplan for
      FILE PHOTO  -  408 words
    • Article, Illustration
      Lock icon Electric vehicle tests to start in mid-2011
      469 15  -  By Samuel Ee samuelee@sph.com.sg THE first batch of 10 Mitsubishi i-MiEV electric cars is likely to be launched in May for the start of a three-year test-bedding project here. The i-MiEV is a pure electric vehicle (EV) that is part of a $20
      FILE PHOTO  -  469 words
  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      64 15 I, Marie Victoria Sha Tacardon, single, of 6 Sarkies Road, #02-02 Portofino, Singapore *****6 intend to marry Andreas Wursch, bachelor, of 6 Sarkies Road,#02-02 Portofino,Singapore *****6 at Schloss Waldegg, Waldeggstrasse 1, 4532 Feldbrunnen-St. Niklaus, Switzerland on 8 July 2011. Any person knowing of any lawful impediment to the marriage should
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  • WORLD
    • Article, Illustration
      Lock icon Barcelona ready to host F1 test run
      476 16 Ecclestone will decide next week whether Bahrain Grand Prix will proceed AP Reuters Barcelona BARCELONA’S Catalunya Circuit is ready to be a substitute venue for Formula One’s final test session of the season if Bahrain is unable to host due to anti-gov-ernment unrest.
      AP; Reuters  -  476 words
    • Article, Illustration
      Lock icon Global arms makers eye billion-dollar deals in Middle East
      509 16 Reuters Abu Dhabi GLOBAL arms manufacturers will vie for deals worth billions of dollars at the Middle East’s largest military expo as unrest sweeping across the region pushes countries to beef up security. The International Defence Exhibition Conference (IDEX) opens tomorrow
      Reuters; REUTERS  -  509 words
    • Article
      Lock icon M’sia’s 4.8% Q4 growth slowest in four quarters
      471 17 Manufacturing industry grows 6.2%; goods and services exports up 1.5% Bloomberg Singapore MALAYSIA’S economy expanded at the slowest pace in four quarters in the final three months of 2010 as export growth eased after rebounding earlier in the year, but still performed
      Bloomberg  -  471 words
    • Article, Illustration
      Lock icon Test capital for recession, says Fed
      439 17 Bloomberg New York THE Federal Reserve has ordered the 19 largest US banks to test their capital levels against a scenario of renewed recession with unemployment rising above 11 per cent, two people with knowledge of the review said on Thursday. The banks stress-test-ed
      Bloomberg; AP  -  439 words
    • Article, Illustration
      Lock icon May the redder devil win
      589 18  -  Little-known Crawley Town face Manchester United in the FA Cup fifth round Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor CRAWLEYwho? That was the reaction of most when the draw for the fifth round of this season’s FA Cup was made last month. All eyes immediately fell
      589 words
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  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      553 17 MATS RECRUIT re Pacific Radiance Pacific Radiance Limited is a holding company based in Singapore with subsidiaries in the shipbuilding, chartering and operating of Offshore Supply Vessels (OSV) as well as Diving Support Vessels (DSV); and providing support services to the Oil and Gas Exploration industry. The vessels operate within
      553 words
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  • Page 18 Advertisements
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      202 18 wine&dine with BTWeekend Mandarin Court Level 35, Mandarin Orchard Singapore 333 Orchard Road Z6831-6288 Ascend 35 stories of the Orchard Wing and arrive in style at Mandarin Court Chinese Restaurant, the home of authentic Cantonese cuisine. Delight in Executive Chinese Chef Sunny Kong’s signature dishes such as Classic Peking Duck,
      202 words
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      Lock icon Page 18 Advertisements Column 2
      179 18 2.30pm. Dinner (A la carte only) Monday to Sunday, 6.30pm 10.30pm. Ristorante Bologna Level 4, Marina Mandarin Singapore 6 Raffles Boulevard Z6845-1111 For the busy executives Whether you’re having a business lunch or taking a break from the office, Ristorante Bologna is the meeting place of choice for busy executives.
      179 words
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      Lock icon Page 18 Advertisements Column 3
      176 18 talented chefs. Available for lunch and dinner, signature dishes include Crispy Roasted Duck, Double-Boiled Shark’s Bone Cartilage Soup with Three Treasures and Stewed Ox-Tail with Garlic. A wide variety of dim sum like Chicken and Mango Tart as well as Deep-Fried Scallop Puff with Garlic is also available for lunch.
      176 words
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      Lock icon Page 18 Advertisements Column 4
      189 18 Z6831-6686 A New World Order is brewing at 10 at Claymore with the United Plates of America promotion. From now until March 6, the Plates of Pleasure menu will feature specially-imported US meats. Seize the moment and enjoy nicely plated portions of premium meats such as US Wagyu Beef Burger,
      189 words
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  • SGX
    • Article
      Lock icon SGX CATALIST
      10802 22 Transaction date: Feb 18 52-wks Tel Last Vol Day 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 18.5 unch 132 19 18.5 18.5 19 1.7 9.8 5.9 88.6 12 4.5 5834 A-Sonic
      10,802 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 22 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 5 2 0 0 0 8 5 2 Manufacturing 45 51 80 6 3 9 51 54 89 Commerce 20 18 23 2 3 5 22 21 28 Tpt/Stor/Comms 14 17 7
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      812 22 For week beginning Feb 14 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Comr •ooo Shr S ('I)OO) (•000) Hafary Hldgs Ltd 17-FetHT Low Bee Lan Audrey Sell 1500. na ***** 16.00, ***** 15.08 China
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 22 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 26,448 26,448 87,889 87,889 Manufacturing 265,845 22,065 287,910 292,519 720 293,240 Commerce 131,302 10,177 141,479 101,872 1,753 103,625 Tpt/Stor/Comms 106,113 3,039 109,152 210,283 742 211,025 Finance 26,852 26,852 210,647 210,647 Construction 21,734 5,378 27,112 4,575
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  • MARKETS
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 23 Feb 18 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.334 1.259 Can dollar 1.32 1.27 Euro 1.772 1.704 Sterling pound 2.103 2.023 NZ dollar 0.997 0.95 US dollar 1.295 1.246 Local dollars to 100 units of foreign currency: Currencies Sell
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    • Article, Illustration
      Lock icon STOCK MARKETS
      95 23 YTD change: -3.23% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,648.15 on May 25,2010 Source: Bloomberg YTD change: +2.43% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 18,971.50 on May 27,2010 Source: Bloomberg Bloomberg YTD change: +6.40% 52-week high: 12,331.30 on Feb 17, 2011 52-week low: 9,614.32
      Source: Bloomberg  -  95 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT`L INDICES
      374 23 In local curr In S$ In US$ dy yr dy yr dy yr Feb 17 Index Change Change Change Change Change Change World Index Preliminary 950.5 0.1 5.9 0.2 5.7 0.4 6.1 ‡EAFE Preliminary 844.5 0.1 5.4 0.5 5.4 0.8 5.8 Europe Preliminary 1229.6 -0.1
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 23 Feb 18 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2905 1.2910 1.0122 1.0125 Canadian dollar 1.2963 1.2968 1.0168 1.0170 Euro 1.7325 1.7332 1.3589 1.3593 NZ dollar 0.9716 0.9724 0.7621 0.7626 Sterling pound 2.0671 2.0680 1.6214 1.6218
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    • Article
      Lock icon LIFFE
      82 23 Feb 17 COCOA (£/tonne) Close Prev High/Low Mar 11 2244 2253 2261/2230 May 11 2232 2237 2250/2218 Jul 11 2172 2186 2190/2163 Sep 11 2142 2156 2160/2137 COFFEE (US$/tonne) Close Pev High/Low Mar 11 2257 2241 2259/2228 May 11 2305 2282 2307/2272 Jul 11 2321 2304 2323/2290 Sep 11
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    • Article
      Lock icon CHICAGO BOT
      93 23 Feb 17 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Mar 11 1404.*****6.*****7.*****6.00 May 11 1416.*****8.*****8.*****8.50 Jul 11 1423.*****5.*****5.*****5.00 Aug 11 1408.*****7.*****8.*****1.75 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Mar 11 58.25 56.61 58.38 56.38 May 11 58.87 57.20 58.99 58.99 Jul 11 59.39 57.74 59.51
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    • Article
      Lock icon PALM OIL
      67 23 Feb 18 KLCE PALM FUTURES (RM/MT) Delivery Opening Sen A\> Month Rang: Price Price High Lew Vol Done Open Position Mai 11 3848 375S 3848 3730 1242 3634 Apr 11 3829 1734 3833 3708 3682 ***** May it 3752 36E3 3785 3660 ***** 2Q517 Jun 11 3720 3630
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    • Article
      Lock icon OIL
      75 23 Feb 17 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 104.13 0.83 WTI (Near Mth) 86.37 1.36 Dubai (1-Mth F) 99.32 1.30 Tapis blend 108.00 1.40 Minas 104.10 1.40 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 95.72 0.94 Jet Kerosene 119.60 2.05 US$/barrel Opec Oil Basket Price
      75 words
    • Article
      Lock icon LONDON METALS
      70 23 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2483.50 2475.50 3 months 2512.00 2504.00 Copper, Grade A (US$/tonne) Cash 9814.25 9848.00 3 months 9805.00 9842.00 Lead (US$/tonne) Cash 2584.50 2595.75 3 months 2585.00 2592.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • Article
      Lock icon METALS
      69 23 Feb 18 Feb 17 GOLD (US$/oz) Feb 18 Feb 17 Hong Kong Unav1378.50 Feb 17 Feb 16 London 1381.*****1.35 1382.*****2.10 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 40.51 40.29 Source: UOB PLATINUM Lon (US$/oz) Feb 17 Close Previous PM Fix 1834.*****8.00 AM Fix 1826.*****8.00 Source: Thomson Reuters
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  • STYLE
    • Article, Illustration
      Lock icon Men go bespoke
      1593 24/25  -  Customised menswear services are seeing an upsurge with both local and foreign names setting up shop here to offer everything from tailored suits to shoes. By Melissa Lwee mellwee@sph.com.sg THE sartorially conscious Singapore male may bemoan the lack of Savile Row-quality bespoke tailoring, but going by the
      PHOTOS: UOMO COLLEZIONI, KEVIN SEAH; PHOTOS: PIERRE CORTHAY, DYLAN AND SON  -  1,593 words
  • Page 24/25 Advertisements
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      Lock icon Page 24/25 Advertisements Column 1
      49 24/25 JOHN ERPOSK *\0 ,s TODAY TOMORROW 10AM-5PM UNDERTHETENT IN THE CARPARK AT 7A&7B DEMPSEY ROAD BEDS BEDSIDE CABINETS SOFAS DESKS MIRRORS BENCHES COFFEETABLES RUGS CABINETS BOOKSHELVES DINING TABLES AND CHAIRS OUTDOOR FURNITURE RUGS LAMPS GIFTS ACCESSORIES FOR FULL DETAILS INCLUDING A MAP AND TERMS OF SALE GO TO: www.johnerdos.com.sg/warehouse-sale.html
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  • GADGETS
    • Article, Illustration
      Lock icon Computer in a phone
      747 26  -  Souped up mobile phones launched at Barcelona’s annual gizmo show are primers for even more powerful ones to come. By Christopher Lim limchris@sph.com.sg GADGETshopperseagertodomoreontheirmo-bile phones had plenty to drool over this week as new, powerful models were unveiled at Mobile World Congress (MWC) 2011. Judging from
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  • HEALTH
    • Article, Illustration
      Lock icon Runners and blockers
      1097 27  -  Those affected by allergic rhinitis could be plagued by a runny nose or a blocked nose, but they share the same question can it be cured?By cured?By Lim Ing Ruen DOC, I have a stuffy nose! I cannot breathe well, I snore at night. My nose runs
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  • MOTORING
    • Article, Illustration
      Lock icon The Optimal Kia
      607 28  -  Sporting its own styling identity, the Optima has the same head-turning effect as driving an Italian super sports car.By car.By Samuel Ee samuelee@sph.com.sg IF the Japanese ever did ignore the Koreans or dismissed them as worthy competitors, then the new Kia Optima must be the car that
      607 words
    • Article, Illustration
      Lock icon All in the family
      528 29  -  Kia’s design DNA is the underlying trait that defines the marque as a maker of distinctive cars.By cars.By Samuel Ee samuelee@sph.com.sg THE bold new styling of the Kia Optima continues to project the new Kia design DNA as introduced by the Korean carmaker in 2008 with
      528 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Attention grabbing advertising
      1030 30 / 31  -  For many businesses, the first step towards getting more sales is capturing the customer’s attention and holding it. While that is no easy feat, there are various techniques to it. By Ang Swee Hoon ~The writer is an associate professor of the Department of Marketing, NUS Business
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    • Article, Illustration
      Lock icon More work in store for Egypt now
      824 30 / 31  -  Following the overthrow of an authoritarian leader, it needs to fire up an underperforming economy Leon Hadar Washington correspondent AS EGYPTIANS and others celebrate the downfall of former president Hosni Mubarak, they need to recognise that the overthrow of an authoritarian leader is
      824 words
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  • Wealth
    • WEALTH
      • Article, Illustration
        Lock icon Golden fleece
        1217 32 / 33  -  comanies that offered old investment schemes are currentl under Two companies that offered gold investment schemes are currently under investigation by the authorities. By Genevieve Cua gen@sph.com.sg IN THE last few months, netizens and investors have puzzled over a number of socalled gold investment schemes that aim to
        REUTERS  -  1,217 words
      • BROKERS' TAKE
        • Article
          Lock icon CapitaMalls Asia
          314 32 / 33 Buy OCBC Investment Research Feb 18 Close: $1.87 Q4 FY10 earnings mostly in line: CapitaMalls Asia (CMA) reported a Q4 FY10 Patmi of $144 million versus $167 million for Q4 FY09 a 15.2 per cent fall y-o-y. Q4 FY10 revenue also fell 16.5 per cent y-o-y due to
          314 words
        • Article
          Lock icon China Environment
          232 32 / 33 Buy DMG Partners Securities Feb 18 Close: $0.21 Q4 FY10 results affected by selling, distribution, and admin expenses: China Environment’s (CENV) Q4 FY10 Patmi fell 11.7 per cent y-o-y to 12.2 million yuan (S$2.36 million) due to 1) lower revenue of 111.6 million yuan (-2.5 per cent y-o-y;
          232 words
        • Article
          Lock icon Mapletree Industrial Trust
          208 32 / 33  -  Outperform CIMB Feb 18 Close: $1.07 Compiled by Lynette Khoo WE initiate coverage of Mapletree Industrial Trust (MIT) with an Outperform rating and target price of $1.24. Sponsored by Mapletree Investments, MIT invests in income-produc-ing industrial assets in Singapore. With an 11.2 per cent market share of
          208 words
    • Article, Illustration
      Lock icon Brace for poor returns as inflation rises
      1257 34  -  Key macroeconomic challenge this year will not be growth, but dealing with emerging cost pressures show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder THE inflationary pressures are on! “Government raises inflation forecast”, screamed the headline
      Source: Compiled by BT with data from Thomson Datastream, Bloomberg  -  1,257 words
    • Article
      Lock icon Asia property transactions jump 59%
      596 35 Surging prices in Hong Kong and Japan made up almost half the total US$63b spent, according to CBRE study AFP Hong Kong A MASSIVE US$63 billion was spent on property transactions in Asia last year, a 59 per cent rise from 2009, as the region’s
      AFP  -  596 words
    • Article, Illustration
      Lock icon China January home prices rise in most cities, defying curbs
      826 35 Bloomberg Beijing CHINA’SJanuarynewhomeprices rose from a year earlier in all but two of the 70 cities monitored by the government, defying property curbs to keep housing affordable. New home prices here advanced 6.8 per cent in January from last year,
      Bloomberg; AP  -  826 words
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      26 36 Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868E. A member of Audit Bureau of Circulations Singapore. Customer Service (Circulation): 6388-3838, circs@sph.com.sg, Fax
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      67 1 BudgetBTTHEBUSINESSTIMESWEEKEND|FEBRUARY19-*****1BTTHE BUSINESS TIMES WEEKEND FEBRUARY 19-20 2011 2011 HELPING HAND SMEs have reason to smile CORPORATE TAX B2-3 PERSONAL TAX B4 GROWTH DIVIDEND B5 COMMENTARY PwC B6 SKILLS UPGRADING B7 FOREIGN WORKERS B8 COMMENTARY KPMG B9 PRODUCTIVITY B10 COMMENTARY E&Y B11 ENTERPRISE B12 GROWTH B13 CPF B14 CHILD DEVT/EDUCATION B15
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  • BT Budget
    • BUDGET 2011: CORPORATE TAX
      • Article, Illustration
        Lock icon Tax reliefs to give SMEs a leg-up
        1287 2 / 3  -  Other moves to help local firms compete globally; corporate tax unchanged By Michelle Quah michquah@sph.com.sg TAX rebates, tax credits, tax incentives and various other schemes to help Singapore companies especially small and medium-sized enterprises (SMEs) stay competitive are among the “major steps” the
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    • BUDGET 2011: PERSONAL TAX
      • Article, Illustration
        Lock icon Finally, personal income taxes are down
        1075 4 / 5  -  To sweeten the deal, the govt is also giving a one-off 20 per cent tax rebate capped at $2,000 By Siow Li Sen lisen@sph.com.sg PERSONAL income taxes are finally coming down after five years except for the very wealthy. And to sweeten it all
        STOCK.XCHNG  -  1,075 words
    • BUDGET 2011: GROWTH DIVIDEND
      • Article, Illustration
        Lock icon A package to benefit all S’poreans
        888 4 / 5  -  By Chuang Peck Ming peckming@sph.com.sg INFLATION is tipped to be a big problem for Singaporeans this year and much hope has been placed on the Budget to provide an answer to it. Finance Minister Tharman Shanmugaratnam yesterday unveiled a $3.2 billion Grow and Share
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    • BUDGET 2011: RTV LICENCE
      • Article, Illustration
        Lock icon Radio and TV licence fees to be scrapped
        366 6  -  Fees losing relevance as TV ownership, viewing no longer linked to higher incomes By Winston Chai winstonc@sph.com.sg THE government will abolish its near five-decade old policy of collecting radio and television (RTV) licence fees with immediate effect as they are “losing their
        YEN MENG JIIN  -  366 words
      • Article
        Lock icon First prudence, then something for small businesses
        749 6  -  commentary By David Sandison, Tan Tay Lek ~David Sandison is tax partner, PwC Services LLP, and Tan Tay Lek is associate director, corporate tax advisory services, PwC Services LLP RECOVERING strongly from the global financial crisis, Singapore’s economy powered ahead in 2010 to
        749 words
    • BUDGET 2011: SKILLS UPGRADING
      • Article
        Lock icon Fresh carrots for PMETs to upgrade skills, gain new ones
        484 7  -  Part-time degree or diploma students to get same subsidy as full-time peers By Lee U-Wen leeuwen@sph.com.sg THE government is making it more affordable for professionals, managers, executives and technicians otherwise known as the PMET group to upgrade their skills or
        484 words
    • BUDGET 2011: FOREIGN WORKERS
      • Article, Illustration
        Lock icon Foreign worker levy to rise even more
        1002 8  -  Tharman says increase needed to avoid exceeding target of one-third of the workforce but businesses worried By Chen Huifen xuifen@sph.com.sg THE government sent a clear signal yesterday on its resolve to keep the proportion of foreign workers stable when it announced further increases
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      • Article, Illustration
        Lock icon Painful, but there’s a logic to levy hike
        810 9  -  commentary By Tay Hong Beng ~The writer is head of tax, KPMG in Singapore CONTRARYtopub-lic expectations of a big handout in view of the better-than-expected economic recovery, the Budget delivered by Finance Minister Tharman Shanmugaratnam yesterday is a rather cautious one. Singapore’s
        FILE PHOTO  -  810 words
    • BUDGET 2011: PRODUCTIVITY
      • Article, Illustration
        Lock icon Pushing for productivity with $1b top-up
        852 10  -  Five-year PIC scheme enhanced to help firms boost tax savings, which will cost the govt $520m a year By Teh Shi Ning tshining@sph.com.sg THERE is to be no slackening in Singapore’s productivity push as the government pumps another $1 billion into the National Productivity
        FILE PHOTO  -  852 words
      • Article, Illustration
        Lock icon Incentives to help locals and businesses transform and grow
        895 11  -  commentary By Ang Lea Lea ~The writer is tax partner, Ernst Young Solutions LLP THERE has been much anticipation about what the Finance Minister would announce in Budget 2011. Wishes from all quarters of Singapore started to pour in amidst cheers
        YEN MENG JIIN  -  895 words
    • BUDGET 2011: SUPPORTING ENTERPRISE
      • Article, Illustration
        Lock icon Tax measures to strengthen key sectors
        1159 12  -  S’pore making good progress to become Global-Asia Hub for global firms, launch pad for Asian enterprises: Tharman By Michelle Quah michquah@sph.com.sg INaneffortto“entrenchourposition as a Global-Asia Hub”, the Singapore government has announced a slew of tax measures to boost the competitiveness of several strategic sectors
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    • BUDGET 2011: INCLUSIVE GROWTH
      • Article, Illustration
        Lock icon Pursuing robust, inclusive growth
        957 13  -  commentary By Tan Khee Giap, Aw Ee Ling ~Tan Khee Giap is associate professor and co-director of the Asia Competitiveness Institute (ACI) at the Lee Kuan Yew School of Public Policy, National University of Singapore ~Aw Ee Ling is assistant professor at Curtin University in Australia
        YEN MENG JIIN  -  957 words
    • BUDGET 2011: CPF
      • Article, Illustration
        Lock icon Firms to fork out more for CPF
        980 14  -  Total contribution rate to be restored to 36%; salary ceiling will also be revised to $5,000 per month By Nisha Ramchandani nishar@sph.com.sg TO help Singaporeans beef up their retirement nest egg, the government will raise employers’ CPF contribution rate by 0.5 percentage point
        PILE PHOTO  -  980 words
    • BUDGET 2011: CHILD DEVELOPMENT/EDUCATION
      • Article, Illustration
        Lock icon Bigger bursaries for needy tertiary students
        864 15  -  Cost of education from childcare through poly for children from low-income families will drop to just 1% By Lee U-Wen leeuwen@sph.com.sg MORE help is on the way for tertiary students and schools in the form of grants, bursaries and one-off top-ups to the tune
        YEN MENG JIIN  -  864 words
    • BUDGET 2011: SENIOR CITIZENS/HEALTH
      • Article, Illustration
        Lock icon Move to boost long-term care sector
        659 16  -  Govt to top up older S’poreans’ Medisave accounts; Medifund endowment gets $500mboost to $1.9b By Lynette Khoo lynkhoo@sph.com.sg TO ensure the best care for seniors, the Singapore government yesterday announced initiatives to boost the long-term care sector and offered CPF top-ups to alleviate the
        YEN MENG JIIN  -  659 words
    • BUDGET 2011: WORKFARE/COMCARE
      • Article, Illustration
        Lock icon One-off bonus for Workfare participants
        691 17  -  Employers who hire older workers under the scheme will also get a one-time special credit By Uma Shankari shankari@sph.com.sg THE government yesterday announced several initiatives to help low-wage workers and the needy in a bid to alleviate the widening income gap in Singapore. There will
        YEN MENG JIIN  -  691 words
    • BUDGET 2011: HOUSING/ARTS
      • Article, Illustration
        Lock icon Low-income to get leg-up for first BTO flat
        609 18 Separately, govt to spend $10b on upgrading homes and rejuvenating HDB estates over the next decade FINANCE Minister Tharman Shanmugaratnam yesterday announced a Special CPF Housing Grant to help low-income families making a first-time purchase of a Build-to-Order flat from the Housing
        FILE PHOTO  -  609 words
      • Article
        Lock icon $1.8b to raise arts, culture buzz over 5 years
        390 18  -  By Felda Chay feldac@sph.com.sg THE government will pump in $1.8 billion over the next five years to create a more vibrant and accessible arts and culture scene in Singapore. Finance Minister Tharman Shanmugaratnam said the government will increase by 50 per
        390 words
    • BUDGET 2011: BUDGET BOOK
      • Article, Illustration
        Lock icon Govt sees a return to surplus for FY2011
        787 19  -  With the budget position improving, it will be returning to past reserves the $4b it had drawn By Emilyn Yap emilyny@sph.com.sg THE government is projecting a small budget surplus of $0.1 billion for financial year 2011 returning to the black after two
        787 words
      • Article, Illustration
        Lock icon Goodies, fiscal prudence and a transformational vision
        758 20  -  commentary By Prasenjit K Basu ~The author is managing director and chief economist, Asia (ex-Japan), at Daiwa Capital Markets. These are his personal views. THE year 2010 was a spectacular year for the Singapore economy. Not only did real GDP expand 14.5 per
        YEN MENG JIIN  -  758 words
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      288 2 / 3 Budget 2011 Seminar Get insights from Deloitte tax experts r" n 5 ce T\\ SPEII B ■m iVC <0 y, Date Tuesday, 1 March 2011 Time 9.00am -12.30 pm Venue Singapore Marriott Hotel Chairperson Sum Yee Loong, Tax Partner, Deloitte Singapore Guest speaker Song Seng Wun, Regional Economist, CIMB-GK Research
      288 words
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      99 2 / 3 Hear our thoughts at our Budget Seminar. Date: Wednesday, 23 February 2011 Time: 9.00am 1.30pm (Registration from 8.30am) Venue: Suntec Singapore International Convention and Exhibition Centre Fee: S$150 (PwC clients/alumni), S$200 (Public) Fee includes lunch, seminar materials and 7% GST Jessica Tan Member of Parliament, East Coast GRC Managing Director,
      99 words
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      377 7 0 CCH a Wolters Kluwer business CCH Tax Solutions: Get Access to Experts Anytime, Anywhere For professionals in corporations with neither time nor resources to waste, getting fast and direct answers that meet your needs are paramount. Specially tailored to address your specific knowledge gaps, i-TaxPro Regional and i-FinancePro Singapore
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