The Business Times, 4 January 2012
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2012-01-04
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The Business Times
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Title Section25 2012-01-04 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Spll A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Wednesday, January 4, 201225 words
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Article, Illustration1022 2012-01-04 1 KALPANA RASHIWALA - Anaemic Q4 growth hints at falling prices of private homes, HDB resale flats By KALPANA RASHIWALA [SINGAPORE] Prices of both private homes as well as HDB resale flats are poised to fall this year. This was foreshadowed in the official flash estimates1,022 words
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MARKETS DIGEST
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Article107 2012-01-04 1 GST INDEX 2,688.36 (+42.01) GST INDEX FUTURES 2,688 (+42) GSIMSCI 307.03 (+5.25) GSIMSCI FUTURES 306.90 (+6.60) US$ S$ US$ (S$ per US$) 1.290 (US$/S$ per 1.557 2.010 EURO (US$/S$/E) 1.299 1.676 Foreign currency per US$ S$ YEN 76.80 59.50 RM 3.148 2.439 HK$ 7.770 6.022 BAHT 31.44 24.37 RUPIAH107 words
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Article17 2012-01-04 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.155 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg17 words
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787 2012-01-04 1 TEH SHI NING - Tharman also sees sub-par growth for at least the next 2 years By TEH SHI NING [SINGAPORE] As Singapore enters a slowdown with at least two years of subpar growth ahead of it this year’s Budget must focus on intensifying longterm economic restructuring efforts,787 words
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Page 1 Advertisements
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Advertisement9 2012-01-04 1 TRANSPORT HUB Strait Talk: Re-inventing the wheel page 179 words
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Advertisement10 2012-01-04 1 OPINION The failure of the euro PAGE 21 *****1 *****410 words
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Advertisement193 2012-01-04 1 EXEC MONEY US dollar’s safe-haven role intact page 28 What makes a masterpiece? r-f: -v-, S v rv-'v*' ST, wm s > 4V'-, •<-‘.-3 A s$ -/3 V.. <v —I iA 1 Yo-Yo Mj The Mag on Paterson Hit S’ r s A masterpiece surpasses the ordinary to become the193 words
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Advertisement53 2012-01-04 1 COEs Scrap rate points to smaller quota PAGE 3 Singapore’s productivity drive to target 4 more sectors, Page 2 Wealth OUTLOOK 2012 Our January edition, the latest quarterly update, rounds up expert opinions on what may transpire in the year ahead and how investors should position themselves Today with With53 words
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TOP STORIES
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Article, Illustration719 2012-01-04 2 CHUANG PECK MING - Chances seen to be higher than in Q311, which was saved by biomedical surge By CHUANG PECK MING [SINGAPORE] As the economy ended 2011 with a quar-ter-on-quarter dip, it revived speculation on whether Singapore was on the verge of slipping into a technical recession.719 words
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THREE-MINUTE DIGEST
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61 2012-01-04 2 AS Singapore enters a slowdown, this year’s Budget must focus on intensifying long-term economic restructuring efforts, Deputy Prime Minister Tharman Shanmugaratnam said yesterday. Observers say Mr Tharman’s comments suggest companies and workers ought to expect less short-term help come February compared with what61 words
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49 2012-01-04 2 PRICES of both private homes as well as HDB resale flats are poised to fall this year. This was foreshadowed in the official flash estimates for the fourth quarter of last year which showed a slowdown in growth for both segments.49 words
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55 2012-01-04 2 AS the economy ended 2011 with a quarter-on-quarter dip, it revived speculation on whether Singapore was on the verge of slipping into a technical recession. Advanced estimates released yesterday showed that the economy contracted by a seasonally adjusted 4.9 per cent in the fourth55 words
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57 2012-01-04 2 THE quota for certificates of entitlement is expected to shrink further this year based on the current rate of deregistrations. Things will get worse for the second half when the Land Transport Authority cuts the annual vehicle population growth rate to57 words
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30 2012-01-04 2 IN the first retail bond offering of 2012, CapitaMalls Asia yesterday announced its offer of up to $200 million in subscription and placement bonds.30 words
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36 2012-01-04 2 GERMAN unemployment fell more than forecast in December as exports of cars and machinery boomed and one of the mildest winters on record helped support jobs in construction.36 words
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41 2012-01-04 2 AN increase in production ahead of the Chinese Spring Festival this month might have distorted China’s manufacturing output in December, reflected in the official purchasing managers’ index for last month, economists said yesterday.41 words
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48 2012-01-04 2 MANUFACTURING in the US grew in December at the fastest pace in six months, remaining at the forefront of the expansion entering 2012. The Institute for Supply Management’s factory index climbed to 53.9 last month from 52.7 in November.48 words
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1113 2012-01-04 2 TEH SHI NING - Roadmaps to be charted by Q2 or Q3, says Tharman By TEH SHI NING [SINGAPORE] Singapore’s productivity drive will embrace four more sectors financial services, accountancy, social services and process construction and maintenance raising the annual GDP contribution of sectors on board1,113 words
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Article, Illustration515 2012-01-04 2 JOYCE HOOI - ID leads 7-member team that includes outside expertise By JOYCE HOOI [SINGAPORE] SMRT has unveiled the seven-member internal investigation team (IIT) looking into the train service disruptions which affected more than 100,000 commuters in December. The team, commissioned by SMRT’s board, is515 words
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511 2012-01-04 3 PAULINE NG - By in PAULINE NG in Kuala Lumpur MALAYSIA’S stock market got off to a weak start in the new year, with investors expected to turn defensive in the first six months on expectations of a slowing global economy. Window-dressing last week led the511 words
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651 2012-01-04 3 GRACE LEONG - Shareholder accused of seizing majority stake By GRACE LEONG [SINGAPORE] A dispute among three partners of Jin Shan Lou over the ownership of the Chinese fine-dining restaurant at Marina Bay Sands has escalated to Singapore’s High Court. Yeoh Wee Liat and HRT Corp, both651 words
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426 2012-01-04 3 SAMUEL EE - Slide in Cat A and B COE numbers may top 20% as LTA cuts H2 growth rate By SAMUEL EE [SINGAPORE] The quota for certificates of entitlement is expected to shrink further this year based on the current rate of deregistrations.426 words
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Page 2 Advertisements
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Advertisement8 2012-01-04 2 FRONT PAGE FRONT PAGE TOP STORIES, PAGE 28 words
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Advertisement19 2012-01-04 2 TOP STORIES, PAGE 3 COMPANY NEWS, PAGE 4 ECONOMY WATCH, PAGE 9 GREATER CHINA/INDIA, PAGE 11 WORLD, PAGE 1219 words
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Page 3 Advertisements
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Advertisement168 2012-01-04 3 M poump a mm t® FOLD PSS® p&MO'VM? Mr Terrence Hong (Chief Business Officer) Staff Asiawide Print Holdings INITIATE We used to fold brochures by hand. It was tough work and we could only fold 1,800 pieces per hour. When urgent jobs came our way, our hands were pretty much168 words
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Advertisement11 2012-01-04 3 Few brands likely to change hands in new year, Page 1911 words
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COMPANY NEWS
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Article, Illustration589 2012-01-04 4 MINDY TAN - Half open to public; additional issue of up to $200m if there’s demand By MINDY TAN IN the first retail bond offering of 2012, CapitaMalls Asia (CMA) yesterday announced its offer of up to $200 million in subscription and placement bonds. The amount raised589 words
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Article, Illustration452 2012-01-04 4 JAMIE LEE - By JAMIE LEE THE Singapore Exchange (SGX) is seeking to remove a trading-engine function provided to market participants in both the securities and derivatives markets to slice large orders into smaller ones. The “engine-level iceberg order” function, as it is known, is notFILE PHOTO - 452 words
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408 2012-01-04 4 LYNETTE KHOO - By LYNETTE KHOO SINO Techfibre has appointed Stone Forest Corporate Advisory Pte Ltd (SFCA) to conduct a business valuation for the group after its special audit drew a blank. Several discrepancies at Sino Techfibre remained unresolved as the group’s records were lost in408 words
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Article, Illustration558 2012-01-04 5 KELLY TAY - Sharp slump in Q1 should be seen as a chance to snap up stocks on the cheap By KELLY TAY HERE are some glad tidings for the new year: While Q1 is expected to be the worst-performing quarter of 2012, atrough duringFILE PHOTO - 558 words
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386 2012-01-04 5 CARINE LEE - Refinery expected to have annual installed capacity of about 630,000 tonnes By CARINE LEE PALM oil refiner Mewah International Inc is planning to invest 1.3 trillion Indonesian rupiah (S$184 million) in a refinery and packaging plant project in East386 words
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COMPANY BRIEFS
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59 2012-01-04 5 TECHNICS OIL and Gas has secured two contract-engineering projects worth a total of $10.1 million. The first involves the supply of a super structure for jack-up rig Murmanskaya which belongs to Arktikmorheftegasrazvedk a (Amngr), in the Russia Federation. The second involves the manufacture and59 words
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112 2012-01-04 5 CHINA International Holdings said in a Dec 31 announcement released yesterday that its 60 per cent owned subsidiary, CCI Andi Bridges Co Ltd, had suspended toll collection at Zuowei Yanghe Bridge. It said that certain employees of Andi had stopped work in anticipation of112 words
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56 2012-01-04 5 Bloomberg UNITED Engineers Ltd will arrange investor meetings in Singapore next week, said a source familiar with the matter. HSBC Holdings plc and Oversea-Chinese Banking Corp were hired by the company to arrange the meetings, according to the same source who declined to beBloomberg - 56 words
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69 2012-01-04 5 TAT Seng Packaging Group announced the termination of a proposed joint venture with Shanghai Yunyi Packaging Products Co Ltd, as the application to the Chinese government for a pre-identified plot of land in the Tianjin Binhai New Area was unsuccessful. The plan was69 words
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102 2012-01-04 5 METAX Engineering Corp Ltd and its subsidiary Metax India have clinched a contract worth about $6.2 million from India-based firm Grasim Industries Ltd for the design, engineering, supply, erection, testing and commission of an effluent treatment plant. The plant will be completed in102 words
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Article, Illustration324 2012-01-04 5 FELDA CHAY - By FELDA CHAY KEPPEL Corp is forking out 61 million kroner (S$13.2 million) for a 49.9 per cent stake in Norwegian offshore wind turbine foundation designer OWEC Tower. In a statement issued yesterday, the offshore and marine-cum-property conglomerate said that the investment will324 words
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Article, Illustration445 2012-01-04 7 RONNIE LIM - Breakthrough expected for complicated gas swap deal By RONNIE LIM EARLIER-DELAYED piped gas supplies from Natuna under Sembcorp’s new, second Indonesian gas supply agreement (GSA) are now flowing into Singapore. “Commissioning has been completed and gas is flowing according to contractual entitlement,” aFILE PHOTO - 445 words
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Page 4 Advertisements
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Advertisement2459 2012-01-04 4 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices FRASER AND NEAVE, LIMITED (Company Registration No. *****0001R) (Incorporated in Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Fraser and Neave, Limited (the “Company”) will be held at Level 2, Alexandra Point, 438 Alexandra Road, Singapore2,459 words
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Page 5 Advertisements
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Advertisement24 2012-01-04 5 GOOD CORPORATE GOVERNANCE Create greater transparency for your company by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.24 words
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Advertisement85 2012-01-04 5 i I A A X 0 X, I X 0 0 4 m F 4*--f w a 1 He 0 III y. DUBA SENTOSA EXPRESS MONORAIL TOMORROW TOGETHER The Hitachi team delivers better journeys with our Monorail System, the preferred eco-friendly urban transport solution in many cities. In the world's85 words
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SINGAPORE MARKETS
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Article, Illustration615 2012-01-04 6 R SIVANITHY - But turnover remains low at more than 1.04 billion units valued at $693 million STOCKS R SIVANITHY Senior Correspondent A 2.4 per cent rise in Hong Kong’s Hang Seng Index most probably because of buying ahead of an expected Tuesday bounce in Western marketsSource: Bloomberg - 615 words
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Article66 2012-01-04 6 Jan 3 VALUE CLOSE BT OB/OS 276.00 +185.0 BT CADI -*****.00 +198.0 BT 10-day MA -*****.00 +28.00 FTSE ST Mid Cap 597.34 +10.34 FTSE ST Small Cap 406.67 +7.88 FTSE ST All Share 645.66 +10.41 FTSE ST China Top 192.21 +5.01 FTSE ST China 225.68 +5.33 FTSE66 words
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Article60 2012-01-04 6 VOLUME GMG Global 124,776,000 Genting SP 47,431,000 Golden Agri 44,324,000 UMS 38,957,000 Noble Grp 31,041,000 Mewah 29,307,000 *Genting HK US$ 29,244,000 PSL Hldgs 22,331,000 Memstar 19,437,000 Keong Hong 18,748,000 VALUE($) Genting SP 73,639,995 Noble Grp 35,867,670 Keppel Corp 33,522,030 Golden Agri 32,053,800 SingTel 29,903,490 DBS Grp 24,784,58060 words
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Article186 2012-01-04 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 3 0 0 0 0 11 3 0 Manufacturing 69 27 25 4 1 6 73 28 31 Commerce 20 7 18 3 1 4 23 8 22 Tpt/Stor/Comms 27 4 5186 words
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Article119 2012-01-04 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 24,311 24,311 48,318 48,318 Manufacturing 238,061 8,376 246,437 133,944 173 134,117 Commerce 71,270 10,356 81,626 70,484 924 71,408 Tpt/Stor/Comms 82,168 4,957 87,125 97,319 685 98,005 Finance 10,550 10,550 75,201 75,201 Construction 46,993 20,309 67,302 12,064119 words
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Article114 2012-01-04 6 Stock name Close Change Stock name Close Change CapMallsAsia 1.165 +0.035 CapitaLand 2.260 +0.050 CapitaMall 1.725 +0.025 CityDev 9.100 +0.200 ComfortDelGro 1.435 +0.020 DBS Grp 11.700 +0.180 F&N 6.260 +0.060 GLP 1.795 +0.040 Genting SP 1.565 +0.055 Golden Agri 0.725 +0.010 HK Land 4.720 +0.180 JMH114 words
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Article, Illustration491 2012-01-04 6 CURRENCIES Reuters [LONDON] The euro rose yesterday as better-than-expected economic data boosted riskier assets and triggered short-covering, but it is likely to remain pressured in 2012 on worries over high sovereign debt and low growth in the eurozone. Sentiment was boosted by better ChineseReuters; BLOOMBERG - 491 words
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Article, Illustration251 2012-01-04 6 Kim Eng - Research by Kim Eng Hyflux Poised for reversal There are signs of reversal as the stock breaks through the descending channel on strong volume. Momentum appears to be picking up and a test of the immediate resistance level at $1.40 is imminent. The stock must hold above the251 words
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Article197 2012-01-04 6 Exponential Moving Average (EMA) A trend-following indicator to smooth out the price over a set period. Relative Strength Index (RSI) A momentum oscillator that measures the relative changes between price movements. Directional Movement Index (DMI) An indicator that measures buying and selling pressure. Fibonacci Retracement A sequence of ratios197 words
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Article115 2012-01-04 6 BY CENTS CLOSE UP DBXT AUDCS 5US$ ***** 503.1 1.9 IS S&P500 ***** 427.0 2.6 IS DJ US Tech 6507 308.3 3.8 DBXT AUDCS 5SG$ ***** 284.0 1.1 DBXT MSEurope 10US$ 4081 122.6 2.4 DBXT MSKorea 10US$ 5227 118.7 1.8 DBXT MSAsExJp 10US$ 2808 100.6 2.9 DBXT iBoxxKR 5US$115 words
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Article122 2012-01-04 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -1502 -7.0 DBXT S&P Short 10US$ 4070 -96.8 -1.8 DBXT iBoxxSing 5SG$ ***** -47.0 -0.4 DBXT MSINDO 10us$ 1454 -24.5 -1.3 Total Access 227 -21.9 -7.0 DBXT FTVietnam 10US$ 1807 -16.8 -0.7 DBS Bk 4.7% NCPS 100 ***** -10.0 -0.1 DBS BP122 words
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Page 7 Advertisements
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Advertisement77 2012-01-04 7 How to run a business without running out of ideas Produced by SME Jan/Feb issue out now! Why some fresh graduates choose to work in SMEs Five expensive mistakes to avoid How to measure productivity Is Japan still worth the while? Stock options for SMEs Available at Caltex, Esso, Shell77 words
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Advertisement1895 2012-01-04 7 THAI VILLAGE HOLDINGS LTD (Company Registration No. *****5141N) (Incorporated in Singapore) (the “Company”) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Thai Village Holdings Ltd (the “Company”) will be held at Thai Village Restaurant, 5 Stadium Walk, #01-50 Leisure Park Kallang, Singapore *****31,895 words
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SINGAPORE NEWS
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439 2012-01-04 8 TAM YU LING - Global economic uncertainty fuels fears of more difficult year ahead By TAM YU LING GLOBAL economic uncertainty resulting from the eurozone crisis sapped local business confidence in Q4, prompting fears that business growth will be more difficult this year compared to 2011. The439 words
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Article, Illustration639 2012-01-04 8 PANG JIN HU - Donations surge for overseas disaster relief By PANG JIN HU While 2011 might have been a year plagued by fatal and costly natural disasters, it was also a year of heightened compassion with sharp increases in funding to humanitarian organisations for disaster relief. On MarchMERCY RELIEF - 639 words
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292 2012-01-04 8 Prime last of 7 taxi firms to up fares from Friday PRIME Taxi will be joining its competitors in raising fares, a move it says will apply to cabs under its fleet starting this Friday, reported The Straits Times. The firm is the last of seven taxi operators here to292 words
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SINGAPORE ROUNDUP
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Article59 2012-01-04 8 IN ACCORDANCE with the Constitution, President Tony Tan has reappointed Lim Chee Onn and Stephen Lee Ching Yen as alternate members of the Council of Presidential Advisers (CPA) from Jan 2, for a further period of four years. Both men were first appointed to the59 words
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76 2012-01-04 8 Allen Gledhill admits four new partners LOCAL law practice Allen Gledhill said it has admitted four new partners from Jan 1, 2012. They are Colin Chow, Ong Kangxin, Tay Yong Seng and Alexander Yap. Mr Chow’s practice covers international arbitration and litigation, while Ms Ong’s includes banking and finance and76 words
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34 2012-01-04 8 PROFESSIONAL services company Towers Watson has appointed Robert Wilkes as its managing director for Singapore. He was previously director of Towers Watson’s benefits technology business for Asia Pacific.34 words
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392 2012-01-04 8 Bloomberg [SYDNEY] A Government of Singapore Investment Corp (GIC) affiliate and a Canadian pension fund have signed a binding agreement to pay A$1.2 billion (S$1.6 billion) for most of Charter Hall Office Reit. GIC’s Reco Ambrosia and The Public SectorBloomberg - 392 words
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247 2012-01-04 8 Reuters [SINGAPORE] Singapore investment company Temasek Holdings has set up a new subsidiary, Pavilion Capital Pte Ltd, that will invest primarily in privately owned firms in North Asia. The wholly owned unit will be headed by former chief investment officer Tow HengReuters - 247 words
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Page 8 Advertisements
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Advertisement101 2012-01-04 8 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices vn. MATS NOTICES CLA/FEBII/g SINGAPORE’S PREMIER HOME-GROWN CAR MAGAZINE SINGAPORE MOTORSPORTS HUB: WILL IT EVER BE BUILT? HOW TO BUY A SECOND-HAND SPORTS CAR NEW CARS OF 2011 NS ICON REBORN DRIVES FERRARI101 words
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Advertisement16 2012-01-04 8 omy WWW sg i SB At 99 blog.omy.sg "up-? KJP T' A O FTISLAND anwnai showbiz.omy.sg16 words
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ECONOMY WATCH
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375 2012-01-04 9 Reuters [LONDON] A large majority of economists polled by the Financial Times believed that this year would rival 2009 for economic weakness in Britain as output was hit by the eurozone debt crisis, the newspaper reported yesterday. The FT said thatReuters - 375 words
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Article, Illustration622 2012-01-04 9 Number of people out of work declines seasonally adjusted 22,000 to 2.89m Bloomberg [BERLIN] German unemployment fell more than forecast in December as exports of cars and machinery boomed and one of the mildest winters on record helped support jobs in construction.Bloomberg; AP - 622 words
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Article, Illustration607 2012-01-04 9 Reu ters [NEW YORK] WHEN top US retailers post their December sales this week, Wall Street analysts are expecting them to report a healthy end to the holiday season, helped by discounts, improved consumer sentiment and tactics like extended hours andReuters; AFP - 607 words
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643 2012-01-04 9 Reuters [MELBOURNE] Australian retailers are seeing post-Christmas trading in line with already reduced expectations of a 2.4 per cent annual increase, a leading industry group said yesterday. Investors have savaged listed Australian retailers, with shares in surfwear chain Billabong, electronics retailer JB Hi-FiReuters - 643 words
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611 2012-01-04 9 Welfare, job creation priorities with Q1 getting 44% share Reuters [SEOUL] South Korea said yesterday that it would allocate more than 40 per cent of its annual budget spending on the current quarter the most in at least a decade to cushion theReuters - 611 words
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Page 9 Advertisements
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Advertisement16 2012-01-04 9 Head to CATS FASTADS in The New Paper for job opportunities! (SAT3 BUY IT-SELL IT-FIND IT16 words
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MALAYSIA/INDONESIA
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Article, Illustration515 2012-01-04 10 Bloomberg [KUALA LUMPUR] The Malay Chamber of Commerce Malaysia said it is prepared to outbid CVC Capital Partners Ltd in offering to buy Lembaga Tabung Haji’s 23 per cent stake in fast-food operator KFC Holdings (Malaysia) Bhd. The chamber has already saidBloomberg; BLOOMBERG - 515 words
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Article, Illustration608 2012-01-04 10 S JAYASANKARAN - Most investors continue to have faith in the well managed company By S JAYASANKARAN in Kuala Lumpur DESPITE floods in Thailand which closed its plant since October and the termination of its agreement with The Coca Cola Company (TCCC), the shares of theAFP - 608 words
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314 2012-01-04 10 Opposition leaders to rally 100,000 people outside court AP [KUALA LUMPUR] Malaysia’s opposition alliance vowed yesterday to rally 100,000 people outside the court delivering the verdict in opposition leader Anwar Ibrahim’s sodomy trial, despite police threats to prevent any demonstration. The police warning underscoresAP - 314 words
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Page 10 Advertisements
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Advertisement112 2012-01-04 10 r n 'f ytspa jar '-«5 s f* r i>2V,V‘ 5®8 «N i life, ■f r i» V* Sa9!s a.*** t!« tr-r* We're giving away Star Cruises Holidays from January to March 2012, starting with a 3-Night Penang Phuket Krabi Cruise for 2 worth $1,400*. For your chance to win,112 words
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Advertisement309 2012-01-04 10 RYOBI KISO HOLDINGS LTD. (Incorporated in the Republic of Singapore) (Company Registration Number: *****3985D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of Ryobi Kiso Holdings Ltd. (the “Company”) will be held at 6 Battery Road, #10-01, Singapore *****9 on 19 January 2012309 words
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Advertisement16 2012-01-04 10 MND: Feedback shows support for Additional Buyer'sStamp Duty To subscribe, call 6388-3838 or go to sphsubscription.com.sg16 words
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GREATER CHINA/INDIA
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Article, Illustration662 2012-01-04 11 VEY WONG - Manufacturing activities stay weak, may contract again in Jan: economist By in VEY WONG EJ Insight in Hong Kong AN increase in production ahead of the Chinese Spring Festival this month might have distorted China’s manufacturing output in December, reflected in theEJ Insight; REUTERS - 662 words
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219 2012-01-04 11 AFP [MUMBAI] The head of India’s giant Tata conglomerate has urged group companies to revise their future projections and cut costs drastically because of global financial turmoil, a report said yesterday. “All our companies will need to review and moderate their earlier futureAFP - 219 words
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502 2012-01-04 11 Move seen as a bid to bring dollar flows to stabilise rupee Bloomberg [MUMBAI] India’s bid to lure overseas capital by loosening curbs on stock investments may be undermined by Europe’s debt crisis, according to a strategist who predicted a yearend dropBloomberg - 502 words
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Advertisement599 2012-01-04 11 >©■' KAR3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices TYE SOON LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****0114W) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of the shareholders of Tye Soon Limited (the “Company”) will be held at599 words
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Advertisement365 2012-01-04 11 IN THE MATTER OF THE COMPANIES ACT CAP.50 AND IN THE MATTER OF LINKFORD PTE. LTD. (Company Registration No. *****2517Z) (In Member’s Voluntary Liquidation) NOTICE TO CREDITORS NOTICE IS HEREBY GIVEN that the creditors of LINKFORD PTE. LTD., which is being voluntarily wound up, are required on or before 4365 words
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Advertisement368 2012-01-04 11 IN THE MATTER OF THE COMPANIES ACT AND IN THE MATTER OF CAP.50 AND IN THE MATTER OF FEMVILLE PTE. LTD. (Company Registration No. *****4335N) (In Members’ Voluntary Liquidation) NOTICE TO CREDITORS NOTICE IS HEREBY GIVEN that the creditors of FEMVILLE PTE. LTD., which is being voluntarily wound up, are368 words
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Advertisement1000 2012-01-04 11 WATS) NOTICES MERMAID MARITIME PUBLIC COMPANY LIMITED (Incorporated in the Kingdom of Thailand) Company Registration No.: **********017 NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS NOTICE IS HEREBY GIVEN that by virtue of the resolutions of the Board of Directors of the Company, the Annual General Meeting of Shareholders No. 01/20121,000 words
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WORLD
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470 2012-01-04 12 Private construction spending climbs 1% in Nov from prior month to US$522b LATEST US DATA Bloomberg [WASHINGTON] Manufacturing in the United States grew in December at the fastest pace in six months, remaining at the forefront of the expansion entering 2012.Bloomberg - 470 words
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Article, Illustration1087 2012-01-04 12 Polls suggest good chances of a win for Romney in the state AFP [DES MOINES, Iowa] Judgment day dawned for Republican contenders vying to take on Barack Obama in November’s presidential election, with a pivotal vote in Iowa yesterday likely to dramaticallyAFP; Photos: AP, Reuters Source: AFP - 1,087 words
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Article, Illustration434 2012-01-04 12 Reuters [ATHENS] Greece will have to leave the eurozone if it fails to clinch a deal on a second, 130 billion euro (S$218.6 billion) bailout with its international lenders, a government spokesman said yesterday. It was an unusually public stark warning fromReuters; REUTERS - 434 words
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317 2012-01-04 12 Bloomberg [HONG KONG] Water samples taken from the office of Hong Kong’s chief executive Donald Tsang were found to contain bacteria that causes Legionnaires’ disease, after the city’s education secretary contracted the illness. Legionella bacteria were discovered in water samples taken from nineBloomberg - 317 words
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571 2012-01-04 12 Bloomberg [LONDON] Governments of the world’s leading economies have more than US$7.6 trillion of debt maturing this year, with most facing a rise in borrowing costs. Led by Japan’s US$3 trillion and the United States’ US$2.8 trillion, the amount coming due forBloomberg - 571 words
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244 2012-01-04 12 Reuters [TOKYO] Japanese Prime Minister Yoshihiko Noda wants to call a snap general election if Parliament does not approve bills needed for a sales tax increase, the Sankei newspaper reported yesterday. Japan is saddled with public debt twice the size ofReuters - 244 words
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Article, Illustration821 2012-01-04 13 Be it AAA rating or euro union, Ramon Fernandez is the man for the crisis NYT [PARIS] With France widely expected to lose its vaunted AAA credit rating any day now, the government here is bracing for the fallout. But as President NicolasNYT; EMMANUEL FRADIN/THE INTERNATIONAL HERALD TRIBUNE - 821 words
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Article, Illustration843 2012-01-04 13 For second time in 21 years, shares fare worse than S&P 500 Bloomberg [NEW YORK] Warren Buffett, the billionaire investor who has highlighted his record of beating the market when stocks languish, oversaw a decline last year as the Standard Poor’s 500 Index ended unchanged.Bloomberg; AP - 843 words
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369 2012-01-04 13 AFP [BRASILIA] Brazil’s 2011 trade surplus soared 47.8 per cent to nearly US$30 billion, compared with the previous year, the highest since 2007, with record exports and imports, official data showed. Last year, exports of goods rose 26.8 per centAFP - 369 words
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746 2012-01-04 13 AP [ALMATY] Russian Prime Minister Vladimir Putin has a vision for a Soviet Union-lite he hopes will become a new Moscow-led global powerhouse. But, his planned Eurasian Union won’t be grounded in ideology: this time it’s about trade. The concept of regionalAP - 746 words
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203 2012-01-04 13 Bloomberg [SAN FRANCISCO] R Allen Stanford, accused of running a US$7 billion investment fraud, is seeking a three-month delay of his Jan 23 trial date after his expert witnesses quit because they weren’t being paid. Stanford’s experts haven’t been paid forBloomberg - 203 words
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695 2012-01-04 16 Jeweller is more exposed internationally than any other US luxury merchant Bloomb erg [WASHINGTON] With Europeans and Asians buying fewer US$65,000 diamond necklaces and US$10,000 amethyst earrings, Tiffany Co may be in for a less-than-glittering 2012. No US luxury merchant is more exposedBloomberg - 695 words
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Article, Illustration49 2012-01-04 16 A creation called ‘Double Mona Lisa’ made by Brazilian artist Vik Muniz with peanut butter and jam is presented as part of the exhibition ‘The Imaginary Museum at the Collection Lambert museum of modern art in Avignon, South-eastern France. The exhibition will run till May 2012. AFPAFP - 49 words
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655 2012-01-04 16 Steadier markets are behind dealmakers’ growing confidence NYT [NEW YORK] Before Europe’s debt crisis flared anew last summer, rattling markets and choking off a revival in mergers and acquisitions, huge corporate cash piles and cheap debt had fostered hopes that dealmaking would recover stronglyNYT - 655 words
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337 2012-01-04 16 Reuters [NEW YORK] BP called on its contractor Halliburton to pay all costs and expenses the oil major incurred to clean up the 2010 Gulf of Mexico oil spill, according to a court filing by BP’s lead trial attorney. BP has spent US$14 billionReuters - 337 words
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464 2012-01-04 16 ftS REUTERS BREAKINGVIEWS [LONDON] It’s back to the future for Royal Bank of Scotland’s investment bank. The UK government has said that the state-backed bank should further shrink its wholesale arm and focus on serving UK companies. The outcome could be464 words
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Article, Illustration389 2012-01-04 16 AFP [TOKYO] Japanese police turned away one of the nation’s most wanted fugitives when he tried to surrender at Tokyo police headquarters on New Year’s Eve after nearly 17 years on the run, reports said Tuesday. A police officer at the main entrance of theAFP; REUTERS - 389 words
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Page 14 / 15 Advertisements
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Advertisement217 2012-01-04 14 / 15 WELCOME TO THE CLUB, SINGAPORE! With the Kia Optima K5 named Best Large Family Saloon by The Straits Times and Torque, and Best Design of the Year by sgCarMart, the Lion City has finally joined a long list of countries who have awarded this car that is so ahead of217 words
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Transport HUB
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Article859 2012-01-04 17 DAVID HUGHES - Latest liner trade evolution likely to be a system that manages freight rates through capacity control STRAIT TALK By DAVID HUGHES FEWshipownersw i l l h a v e f o n d memories of 2011. It was a difficult year for almost everybody and a really859 words
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958 2012-01-04 17 Bloomberg [LONDON] Tankers hauling liquefied natural gas (LNG) at sea will earn record rates in 2012 as demand reaches an all-time high, beating returns from vessels carrying oil and coal, according to the world’s biggest shipping hedge fund. The tankers, eachBloomberg - 958 words
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Article322 2012-01-04 17 Frontline last month said it would split the company Bloomberg [OSLO] Frontline Ltd, the world’s biggest operator of the largest crude tankers, completed a restructuring as it sold vessels, pared commitments for new ships, and eliminated its bank debt to tackle a shipping market slump. The companyBloomberg - 322 words
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Article, Illustration393 2012-01-04 17 Reuters [SINGAPORE] The first of Vale’s giant dry bulk vessels to arrive in China has completed delivery of its iron ore cargo, shipping data showed yesterday, a key step forward in the Brazilian miner’s plan to cut shipping costs to its biggestReuters; REUTERS - 393 words
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239 2012-01-04 17 Bloomberg [OSLO] Investors should buy shares of shipping companies AP Moeller-Maersk A/S, Diana Shipping Inc, and Frontline 2012 Ltd, RS Platou Markets AS said. “The strategy is to invest in companies with good balance sheets that can unlock long-term value through investmentsBloomberg - 239 words
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Article254 2012-01-04 17 SGX '000 Jan 3 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.21 0.01 100 Cosco Corp 0.91 0.04 6057 Ezra Hldgs 0.87 0.03 2100 First Ship Lea 0.29 unch 1404 Freight Links 0.38 Grand Banks 0.23 0.03 11 Jaya Hold Ltd 0.48 0.01 70 K1Ventures 0.08 unch254 words
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TRANSPORT HUB: AVIATION
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Article, Illustration640 2012-01-04 18 IATA estimates the annual cost of the scheme will rise to 2.8b euros by 2020 Reu ters [FRANKFURT] Several airlines will pass on the costs of a European Union (EU) carbon trading scheme to passengers. Fast-growing Gulf airlines EmiratesReuters; AFP - 640 words
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Article, Illustration972 2012-01-04 18 Bloomberg [NEW YORK] One of the great joys of flying the Delta Shuttle to Washington, DC, out of the Marine Air Terminal at New York City’s LaGuardia Airport oh, what am I saying? There are no joys associated with flying the DeltaBloomberg; AFP - 972 words
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870 2012-01-04 18 AP [NEW YORK] Boarding an airplane has never been safer in the US, but there are still some corners of the world where flying is risky, including Russia, the Democratic Republic of the Congo, and Somalia. The past 10 yearsAP - 870 words
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TRANSPORT HUB: LAND
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Article, Illustration617 2012-01-04 19 SAMUEL EE - Small COE quota, weak economy may deter new players, say observers By SAMUEL EE THE new year will see a few new players taking on new marques but most motor distributors do not expect more brands to change hands in 2012, mainly617 words
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Article, Illustration728 2012-01-04 19 AP [DETROIT] After hitting a 30-year low in 2009, US car sales are poised for a second straight year of growth the result of easier credit, low interest rates, and pent-up demand for cars and trucks created by the Great Recession.AP - 728 words
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626 2012-01-04 19 Reu ters [MUMBAI] Fuel-efficient cars and a slew of new SUV models will be unveiled at India’s Auto Expo later this week as global carmakers continue to rev up their activity in one of the world’s few growth engines despiteReuters - 626 words
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Article, Illustration782 2012-01-04 19 Reuters [MUMBAI] From farmers who swapped fields for cash to 20-something CEOs that inherited the family business, hot new money is flooding India’s luxury car market as roaring sportscar engines announce the country’s growing wealth on its roads. No senior Indian executive feels completeReuters; REUTERS - 782 words
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487 2012-01-04 19 Newt Gingrich is one candidate who supports the idea NYT [NEW YORK] President Barack Obama’s programme to bring bullet trains to the United States has been left on life support by the strident opposition of Republicans in Congress and in statehousesNYT - 487 words
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Page 18 Advertisements
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Advertisement18 2012-01-04 18 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices WAT? NOTICES18 words
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Page 18 Miscellaneous
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Miscellaneous298 2012-01-04 18 CRYPTIC CROSSWORD Across 7 Cross when back legs start to get weary (7) 8 Order new titles with hope at first (7) 10 Help required to follow trial? (7,3) 11 Unable to pitch? (4) 12 Instruments played by smoker wearing trousers? (8) 14 Impressed drivers finally in front of commercial298 words
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EDITORIAL & OPINION
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499 2012-01-04 20 EDITORIAL THE 4.8 per cent GDP growth recorded last year for the Singapore economy was almost in line with the official forecast of 5 per cent. But reaching the upper end of the 1-3 per cent range predicted for 2012 will be a499 words
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Article, Illustration791 2012-01-04 20 FRANK CHING - THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 THE death of Kim Jong-il caused Japanese Premier Yoshihiko Noda to shift the focus of his discussions in Beijing from bilateral issues to791 words
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Article, Illustration1070 2012-01-04 20 MOTOKO RICH, STEPHANIE CLIFFORD - A sluggish US economy leaves little room for a big increase in spending this year By MOTOKO RICH STEPHANIE CLIFFORD NYT US CONSUMERS are running out of tricks. As the US weak economy has trudged on, they are leaning on credit cards to payNYT; REUTERS - 1,070 words
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Article, Illustration1619 2012-01-04 21 MARTIN FELDSTEIN - It was the inevitable consequence of imposing a single currency on a heterogeneous group of countries By MARTIN FELDSTEIN The writer is George F Baker Professor of Economics at Harvard University and President Emeritus of the National Bureau of Economic Research (NBER). He was chairREUTERS - 1,619 words
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Article, Illustration629 2012-01-04 21 THAM KAH POH - By THAM KAH POH The writer is chief executive officer of the Institute of Certified Public Accountants of Singapore IS CFO a homogeneous designation? Apparently not. Based on a recent KPMG report titled “Who are our CFOs?”, about 83 per cent of chief financial629 words
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SINGAPORE STOCKS
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Article2641 2012-01-04 22 Transaction date: Jan 3 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day 5.6 3.5 AEM Div Gr Yld 112.5 92.5 AIMSAMPIReit 95.5 +1 95 95.5 94.5 95 95.5 2.12,641 words
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Article234 2012-01-04 23 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C’vr P/E Smil f0.9234 words
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Article9201 2012-01-04 23 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha Fund Cl A!** AXA Life Secure Ascent 2020 Fund 0.88/ AXA Wealth Mgt S'pore Pte Ltd Secure Ascent 2020 Fund 0.*****/0.***** Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD Bond Aberdeen Asset9,201 words
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Article201 2012-01-04 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 49 25.5 Genting HK US$ US30 +3.5 ***** 30.5 27 30 30.5 1975.4 15 10 OGL Resources A$ A10 5 11.9 1.5 223 168 TanChongInt HK181201 words
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Article911 2012-01-04 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 109.5 ABF SG Bond ETF Last 1261 856 CIMBAsean40 100US$ US968 +12 8 968 960 962 968 38.7 ***** ***** DBXT AUD Bonds 5AU$ A*****911 words
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FINANCE & COMMODITIES
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373 2012-01-04 24 In local curr In S$ In US$ dy yr dy yr dy yr Jan 2 Index Change Change Change Change Change Change World Preliminary 832.2 0.3 0.3 0.3 0.3 0.3 0.3 EAFE Preliminary 686.9 0.7 0.7 0.7 0.7 0.7 0.7 Europe Preliminary 1037.2 1.0 1.0373 words
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Article77 2012-01-04 24 CRUDE OIL PRODUCTS Dec 30 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.08 0.42 WTI (Near Mth) 99.03 -0.63 Dubai (1-Mth F) 104.96 0.20 Tapis blend 115.34 -0.32 Minas 112.84 -0.32 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 99.94 0.22 Jet Kerosene 121.75 0.00 US$/barrel Opec Oil77 words
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Article, Illustration114 2012-01-04 24 As on 30 December 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT FEB2012 1576.90 1553.00 1566.90 38 CURRENCY AUD-USD FUT MAR2012 1.0096 1.0053 1.0159 4139 EUR-USD FUT MAR2012 1.3003 1.2915 1.2967 ***** USD-JPY FUT MAR2012 77.58 76.90 76.90 4580 BASE METAL114 words
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Article150 2012-01-04 24 Jan 3 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Feb 12 330.0 330.0 330.5 2 231 Mar 12 336.7 324 Apr 12 342.0 165 May 12 345.0 250 Jun 12 345.0 60 175 Jul 12 345.5 128150 words
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Article64 2012-01-04 24 Dec 30 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1994.50 1974.00 3 months 2020.00 1991.50 Copper, Grade A(US$/tonne) Cash 7590.00 7413.75 3 months 7600.00 7425.00 Lead(US$/tonne) Cash 2011.00 1975.50 3 months 2035.00 1999.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.0064 words
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Article107 2012-01-04 24 Dec 30 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 12 1198.50 1187.50 1206.50 1185.00 Mar 12 1207.75 1197.00 1215.75 1194.25 May 12 1217.50 1207.25 1225.00 1204.50 Jul 12 1227.00 1217.25 1235.00 1214.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 12 52.09107 words
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Article77 2012-01-04 24 Jan 3 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 05.04.2012 0.36 0.32 0.3 1-Year BY*****W 01.11.2012 0.37 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 102.84 5-Year N*****0W 1.125 01.04.2016 102.2 -------10-Year NX*****X77 words
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Article428 2012-01-04 24 Jan 3 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.3600 0 2950 Jun12 99.3050 0 6611 Sep12 99.2800 0 861 Dec12 99.2550 0 579 EUROYEN TIBOR FUTURES Mar12 99.6550 0 1949 Jun12 99.6575 0 1440 Sep12 99.6525 0 711 Dec12 99.6575 0 115 Mar13 99.6500428 words
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Article80 2012-01-04 24 Dec 30 COCOA (£/tonne) Close Prev High/Low Mar 12 1380 1364 1385/1355 May 12 1397 1382 1401/1374 Jul 12 1414 1400 1413/1390 Sep 12 1427 1414 1428/1405 COFFEE(US$/tonne) Close Prev High/Low Jan 12 1766 1767 1775/1753 Mar 12 1810 1807 1822/1800 May 12 1845 1842 1854/1835 Jul 12 187380 words
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1055 2012-01-04 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 61 47.25 28 AlliedTech W*****2 Prem Expiry Baker Technology Ltd W*****6 3.8 1 32 38 6.84 10 Best World Intl Ltd W*****5 Biosensors BP ECW*****21,055 words
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Article470 2012-01-04 24 Jan 3 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.044 6.481 0.793 8.001 54.795 94.321 0.791 11.851 3.241 1.312 92.771 45.075 1.329 8.305 0.966 31.191 32.374 0.661 1.030 Canada 0.958 6.208470 words
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Article54 2012-01-04 24 Jan 3 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 0.***** 0.***** 0.***** 6 mths 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates (S$) 1 yr54 words
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Article136 2012-01-04 24 Jan 3 GOLD(US$/oz) Dec 30 Jan 03 Hong Kong 1566.50 1598.00 Dec 29 Dec 30 London 1530.40 1574.20 1531.41 1574.95 Source: Thomson Reuters CAST BAR Jan 03 (S$) Selling Buying Kilobar "70,303.28" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 157 66 5gm 447 328 10gm 799 655136 words
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Article57 2012-01-04 24 Jan 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 12 3219.0 3175.0 3260.0 3235.0 139 745 Feb 12 3212.0 3175.0 3245.0 3212.0 2029 ***** Mar 12 3209.0 3175.0 3244.0 3209.0 ***** ***** Apr 12 3205.0 3170.057 words
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Article24 2012-01-04 24 Jan 3 Open High Sett STI Jan 2688 SIMSCI Jan 304.4 307.8 306.9 Taiwan Jan 249.4 255.3 254.4 Source: SGX Derivatives24 words
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Article154 2012-01-04 24 Jan 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3283 1.3291 1.0296 1.0298 Canadian dollar 1.2722 1.2733 0.9861 0.9866 Euro 1.6753 1.6762 1.2986 1.2988 NZ dollar 1.0121 1.0134 0.7845 0.7852 Sterling pound 2.0089 2.0102 1.5572 1.5576154 words
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Article22 2012-01-04 24 Jan 3 S$ Bid Offer 1-month 1.2902 1.2907 2-months 1.2902 1.2907 3-months 1.2899 1.2905 6-months 1.2882 1.2890 Source: OCBC22 words
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Article121 2012-01-04 24 As at 9am Jan 03 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.358 1.294 Can dollar 1.295 1.246 Euro 1.706 1.641 Sterling pound 2.044 1.966 NZ dollar 1.039 0.99 US dollar 1.313 1.263 Local dollars to 100 units of foreign121 words
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Article161 2012-01-04 24 Jan 3 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.02 US$ Offer Bid 7 days 0.30 0.20 1 month 0.45 0.25 2 months 0.55 0.35 3 months 0.70 0.50 6 months 0.95 0.75 9 months 1.15 0.95 12161 words
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Page 25 Advertisements
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Advertisement1249 2012-01-04 25 The Business Times Shipping times n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E 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 Destination1,249 words
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Advertisement1419 2012-01-04 25 WAN HAI INTERNATIONAL PTE LTD UEN: *****4695M TEL: *****588 (14 LINES) FAX: *****163 PKL TEL: (03) *****588 FAX: (03) *****566 PEN TEL: (04) *****00 FAX: (04) *****99 JOH TEL: (07) *****23 FAX: (07) *****21 SUR TEL: (031) *****75 FAX: (031) *****14/*****05 JKT TEL: (021) *****88 FAX: (021) *****88 PLM TEL:1,419 words
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Page 26 Advertisements
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Advertisement981 2012-01-04 26 Shipping Times HDS LINES THE SHORTEST TRANSIT TO PERSIAN GULF CONTAINERS SERVICE TO TANZANIA, KENYA, MIDDLE EAST IRAN, PERSIAN GULF IRAQ, CIS, INDIA PAKISTAN HDM SPL Approx transit time ex-Singapore 8 D 9 D 14 D VESSEL~ VOY SIN~ PKG~ JEA~ BND~ BIK ALVA~ HDM 0115S 17 Jan 18 Jan~981 words
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Advertisement703 2012-01-04 26 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY~ Ramp(KT)~ Lifting(KT)~ JKT~ SIN~ PKL~ KUC~ KK~ JKT CORAL HERO 114 50 80 03/01 04/01 07/01 SHENG SHI 32 100 02/01 04/01 05/01 GENIUS STAR 57 40 60 08/01 09/01 12/01 PACIFIC LOHAS 36 60 09/01 10/01 13/01703 words
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Advertisement446 2012-01-04 26 FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION VICTORY 6 01/12 06/01 08/01 BELITUNG/PKL BALAM SRI JAYA 8 01/12 05/01 07/01 JAMBI/PEKAN BARU SUN FLORA 01/12 07/01 09/01 PALEMBANG/PANJANG BERJAYA II 01/12 06/01 08/01 BENGKULU/PADANG INARAN 01/12 05/01 07/01 BELAWAN/LHOKSEUMAWE SINOPA 01/12 09/01 11/01 SABANG/MALAHAYATI446 words
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Page 27 Advertisements
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Advertisement108 2012-01-04 27 Wherever you go, never miss out on the stock market action with ShareInvestor Mobile Download forFREEfrom Apple Apps store for iPhone, iPad users and Android Market for Android users. Get it now. Scan QR Code with your mobile and learn more about our application.* Android iPhone You will need to108 words
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executive Money
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Article, Illustration1373 2012-01-04 27 Wall St strategists say the gauge will rise 7.2%, smallest predicted return since 2005, as budget deficits limit gains globally Bloomberg [NEW YORK] Forecasters at securities firms are more conservative on US stocks than any time in seven years, predicting the StandardBloomberg; BLOOMBERG - 1,373 words
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1021 2012-01-04 27 Sustained growth seen to drive raw material rebound Bloom berg [NEW YORK] Speculators increased wagers on rising commodity prices by the most since August 2010 on signs that sustained economic growth will drive a rebound in raw materials from their first annual slumpBloomberg - 1,021 words
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Article, Illustration1468 2012-01-04 28 Despite low interest rates, Fed’s money printing, greenback’s share of global forex reserves in Q3 has risen the most since 2008 Bloomberg [NEW YORK] Moves by the Federal Reserve to flood the world with dollars are doing little to dent the currency’s value, bolstering theBloomberg; REUTERS - 1,468 words
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Article, Illustration871 2012-01-04 28 Bloomberg [SEOUL] Foreign-currency bond sales by South Korean companies will climb to a record in 2012 as European banks, facing an escalating sovereign-debt crisis at home, pare back on their lending, the market’s biggest underwriters predict. IssuanceBloomberg; BLOOMBERG - 871 words
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Page 1 Advertisements
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Advertisement24 2012-01-04 1 WealthJanuary 2012 outlook 2012 This edition rounds up expert opinions on what may transpire in the year ahead and how investors should position themselves24 words
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Wealth
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Article, Illustration505 2012-01-04 2 Genevieve Cua - By Genevieve Cua Wealth Editor IN this slowly grinding phase of the European debt crisis, the temptation must be great among investors to hide under a rock. If you are in the habit of reading or watching the news, you will probably know the routine well by now.PHOTO: BLOOMBERG - 505 words
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Article205 2012-01-04 2 4 Remember the “two you’s” To position yourself for 2012, focus on your long-term goals 6 Back to basics Do the traditional principles still work in avolatile market? 8 Winning tactics Adopt a two-step core-satellite approach 10 Roundtable: Cautious optimism Panel discusses outlookfor2012 16 Prime homes still hot Those205 words
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INVESTMENT STRATEGY
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Article, Illustration928 2012-01-04 4 PETER BROOKS - IN CONFLICT WITH THE LONG-TERM YOU IS THE SHORT-TERM YOU. TO POSITION YOURSELF FOR 2012, FOCUS ON YOUR LONG-TERM GOALS. By PETER BROOKS Peter Brooks is Barclays Wealth’s Behavioural Finance Analyst, Asia Pacific F OLLOWING a year that seems to have been dominated by bad news,PHOTO: KHOO KING - 928 words
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STRATEGIES
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Article, Illustration1159 2012-01-04 6 SHRIKANT BHAT - DO THE TRADITIONAL PRINCIPLES STILL WORK IN A VOLATILE MARKET? By SHRIKANT BHAT Shrikant Bhat is Head of Wealth Management at Citibank Singapore Limited HE current investment climate is thick with anxiety and investors are turning their back on risk in the face of headwinds from macroeconomicPHOTO: AFP - 1,159 words
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ASSET ALLOCATION
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Article, Illustration1140 2012-01-04 8 ARJUNA MAHENDRAN - ADOPT A TWO-STEP CORE-SATELLITE APPROACH IN A RISK-ON RISK-OFF ENVIRONMENT By ARJUNA MAHENDRAN Arjuna Mahendran is Managing Director and Head of Investment Strategy for Asia at HSBC Private Bank A S WE look towards 2012, here are some key factors in the context of positioning investment portfolios: APHOTO: STOCK.XCHNG - 1,140 words
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ROUNDTABLE
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Article, Illustration3888 2012-01-04 11 UR PANEL AGREES THA 2012 WLL BE A YEAR OF HEGHTENED VOLATILITY AS THE EUROZONE CRISIS TAKES CENTRESTAGE. BUT FOR INVESTORS WHO MANAGE THEIR RISKS WELL,OPPORTUNITIES ANDREWARDS AWAIT 2011 has turned out to be a year to forget, starting with disasters in Japan, a downgrade of US creditILLUSTRATION: LUDWIG ILIO; PHOTO: AP - 3,888 words
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Article, Illustration224 2012-01-04 12 Genevieve Cua - Genevieve Cua, BT Wealth Editor, poses questions to four wealth experts on the investment outlook for 2012 Genevieve Cua Lim Say Boon Say Boon isChief Investment Officer for DBS Private Banking. He has previously held seniorpositionsin banking and finance and the financial media. He has a224 words
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GLOBAL PROPERTY
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Article, Illustration1767 2012-01-04 16 PNG POH SOON, LIAM BAILEY, KATE EVERETT-ALLEN - DESPITE T E IMPENDING ST RM, PRICES F LUXURY RESIDEN IAL PROPER IES IN FAVOURABLE GL BAL L CATI NS ARE EXPEC ED O S AY RESILIEN By PNG POH SOON, LIAM BAILEY, KATE EVERETT-ALLEN Png Poh Soon is Director, Valuation and Head of Consultancy ResearchPHOTO: REUTERS - 1,767 words
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DIVIDENDS
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Article, Illustration1069 2012-01-04 20 ALISTAIR THOMPSON - WITH A HIGHLY UNCERTAIN GLOBAL ECONOMIC OUTLOOK, INVESTORS CANNOT AFFORD TO IGNORE DIVIDENDS AS AWAY TO GROW THEIR WEALTH By ALISTAIR THOMPSON Alistair Thompson is Director, Asia Pacific Equities, First State Investments QUITY investors have two paths to wealth capital appreciation on the one handSource: CLSA Asia-Pacifc Markets - 1,069 words
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ASIAN ECONOMIES
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Article, Illustration1097 2012-01-04 22 RICHARD JERRAM - ASIAN ECONOMIES HAVE THE RESOURCES TO RESPONDTO EXTERNAL EVENTS. BUT THE OUTCOMES ARE LIKELY TO DIFFERON THE DOMESTIC FRONT By RICHARD JERRAM Richard Jerram is Chief Economist, Bank of Singapore. SIAN economies have followed a remarkably similar path over the past five years. The commod-ity-driven inflation scarePHOTO: AFP - 1,097 words
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EMERGING MARKETS
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Article, Illustration1150 2012-01-04 24 ALLAN CONWAY - THE MEDIUM TERM OUTLOOK FOR EMERGING MARKETS REMAINS POSITIVE BUT BE PREPARED FOR MORE VOLATILITY IN THE NEAR TERM By ALLAN CONWAY Allan Conway is Schroders Head of Emerging Market Equities HE recent global market environment has been one of the most volatile periods for equityPHOTO: BLOOMBERG - 1,150 words
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BONDS
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Article, Illustration1261 2012-01-04 26 SELENA LING - THEIR POSITIVE OUTLOOK IS AIDED BY THE SHIFT TOWARDS EMERGING MARKETS AND US DOLLAR DIVERSIFICATION By SELENA LING Selena Ling is Head of Treasury Research Strategy Unit, OCBCBank ITH the European debt crisis driving the current risk-on and risk-off environment, it becomes somewhat treacherous for anSource: CLSA Asia-Pacifc Markets - 1,261 words
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SPECIAL FEATURE
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Article, Illustration634 2012-01-04 27 The company’s investment in Partnerships Distribution has paid off as 40 per cent of its new business sales now comes from this channel HE financial services industry in Singapore has seen phenomenal growth in its bancassurance business as customers increasingly look for a variety of634 words
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CURRENCIES
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Article, Illustration1378 2012-01-04 28 JOE PRENDERGAST - A CORE DIVERSIFICATION STRATEGY CAN HELP TO PRESERVE WEALTH IN TODAY’S CHALLENGING ENVIRONMENT By JOE PRENDERGAST Joe Prendergast is Managing Director, Currency, Commodity and Alternative Investment Research, at Credit Suisse Private Banking A CCORDING to the Credit Suisse Research Institute Global Wealth Report 2011, private investors are currentlyPHOTO: REUTERS - 1,378 words
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COMMODITIES
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Article, Illustration1014 2012-01-04 30 DOMINIC SCHNIDER - COMMODITY PRICES SHOULD RECOVER NEXT YEAR BUT THE BEST TIME TO ENTER HAS YET TO COME By DOMINIC SCHNIDER Dominic Schnider is Head of Commodity Research, UBS Wealth Management Research T HE last few months have not been good to commodities, and this is no surprise considering1,014 words
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ALTERNATIVES
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Article, Illustration1289 2012-01-04 32 CHRISTIAN NOLTING - IN AN ENVIRONMENT WHERE ELEVATED MARKET VOLATILITY IS THE NEW NORMAL, DYNAMIC ASSET ALLOCATION IS ESSENTIAL By CHRISTIAN NOLTING Christian Nolting is Deutsche Bank Private Wealth Management Lead Strategist for Asia Pacific O VER the last decade, volatility has been a major play in1,289 words
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MANAGING RISK
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Article, Illustration991 2012-01-04 33 MANPREET GILL - INVESTMENTAND PROTECTION ARE TWO DISTINCT STRATEGIES THAT ADDRESS TWO VERY DIFFERENT NEEDS. BOTH, HOWEVER, ARE NECESSARY IN ORDER TO MEETAN INDIVIDUAL’S FINANCIAL GOALS. By MANPREET GILL Manpreet Gill is Senior Investment Strategist, Standard Chartered Bank OST of us tend to relate our financial goals with our investments. WithinPHOTO: STOCK.XCHNG - 991 words
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WINE
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Article, Illustration1260 2012-01-04 34 WILLIAM BECK - INVESTORS SHOULD BEAR IN MIND HOW WELL FINE WINE CAN PERFORM FOLLOWING PERIODS OF PRICE WEAKNESS By WILLIAM BECK William Beck is a founding partner of London-based Wine Asset Managers LLP, which was established in 2005, and manages The Fine Wine Fund and The Fine Wine InvestmentPHOTO: STOCK.XCHNG - 1,260 words
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LEISURE
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Article, Illustration1551 2012-01-04 36 MONICA GWEE - THE TUSSLE FOR THE LUXURYCRUISE PASSENGER COMES DOWN TO AN ASTONISHING DEGREE OF INTUITIVE SERVICE AND OFFERINGS. AVOYAGE WITH CRYSTAL CRUISES WILL CERTAINLY TESTIFY TO THAT By MONICA GWEE The writer and her party paid for their 11 -day cruise on board Crystal Serenity. ThePHOTOS: CRYSTAL CRUISES - 1,551 words
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CARDS
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Article, Illustration1376 2012-01-04 38 EMILYN YAP - BANKS ARE BOOSTING THEIR CREDIT CARD OFFERINGS TO ATTRACT HIGH ROLLERS By EMILYN YAP M ONEY never goes out of style, but owning the right credit card could add a touch of class these days. Just ask one Citibank Ultima cardholder, whose birthday became a special1,376 words
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Advertisement7 2012-01-04 2 The Business Times A publication of sph7 words
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Advertisement136 2012-01-04 3 Discover how opening doors has led to us being named Best Private Bank in Asia. i Many of our clients are looking for alternative and innovative investments. Our commitment to find these opportunities for our clients has led to us being named Best Private Bank in Asia at the 2011136 words
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Advertisement49 2012-01-04 5 CreditSuisse tf p V. J A w ■N-' t i i r 4 v/j J AJT I A. V I y -f v N > A k > /A X Mr 4 BAIDU’S INTERNET SEARCH ENGINE HAS FOUND A WAY THROUGH TO THE WORLD. Credit Suisse was the financial guide.49 words
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Advertisement89 2012-01-04 7 Tomorrow needs commitment We help you to protect, grow and pass on your wealth. Our commitment has always been rooted in transparency and long-term vision. Relying on these common sense values, we forge a lasting relationship based on trust and help you build an enduring legacy. Face the future with89 words
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Advertisement175 2012-01-04 9 Success is not a Destination It's a Journey u t* Private Bank of the Year Asia Risk Awards 2011 Best Wealth Management House in Asia The Asset's 2011 Triple A Investors and Wealth Managers Awards Best Global Private Bank The Banker Professional Wealth Management, 2011 (publications by The Financial Times)175 words
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Advertisement166 2012-01-04 13 Until pianist Kathryn Stott helps Yo-Yo Ma bring out the best in a composition, she will not rest. (Berlin, 2011.) IT' What can your client advisor learn about chemistry from Kathryn Stott? Kathryn Stott knows every nuance of Yo-Yo Ma's playing style. She can anticipate the slightest change in his166 words
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Advertisement158 2012-01-04 15 K'W ■B > ,f ■P ».V* ir m't •V 4M V P” fe. A S N *iv»’ ■*s^.- < v ■■T-f-fS I fH ,.v-. itegG 3 BE OVERSHADOWED. Professor Jean-Louis Scartezzini, expert in solar energy and building physics at the Swiss Federal Institute of Technology, Lausanne, Switzerland Noted Swiss researcher158 words
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Advertisement41 2012-01-04 17 WHEN THE EXCEPTIONAL DEMAND THE EXCEPTIONAL, THEY COME TO COUTTS. For over 300 years, Coutts has been the bank of choice for exceptional people with an unrivalled reputation for managing their unique financial requirements. www.coutts.com INVESTMENT MANAGEMENT WEALTH PLANNING PRIVATE BANKING41 words
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Advertisement134 2012-01-04 19 At ANZ Private Bank, we appreciate that the quality of our advice can only be measured by the results we deliver. Our team of trusted bankers deliver powerful, pragmatic strategies with commitment, diligence and integrity. In collaboration with our corporate and commercial counterparts, and taking full advantage of our regional134 words
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Advertisement256 2012-01-04 23 Mourad Tahiri Head of Portfolio Management Services Asia BNP Paribas Wealth Management Looking to save time investing? Look no further 7T A (9 I w r. AS PORTFOLIO MANAGEMENT EXPERTS, WE INVEST OUR TIME AND EXPERTISE IN YOU Confidence is key when trusting experts to manage and develop your tailored256 words
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Advertisement178 2012-01-04 25 WORKING TOWARDS ONE GOAL: YOURS PRIVATE BANKING Your private banker works closely with a team of dedicated industry experts developing appropriate solutions to help you manage your wealth and meet your personal objectives. www. privatebanking .societegenerale.asia Societe Generale Private Banking is a part of Societe Generale, Société Anonyme registered in178 words
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Advertisement20 2012-01-04 27 When you're planning a future together, 1 we're listening. fl D I PRUDENTIALT'/ Always listening. Always understanding. V i www.prudential.com.sg20 words
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Advertisement78 2012-01-04 29 Deutsche Bank Private Wealth Management m v i 3Worldwide strength has never been this personal Best Global Bank Euromoney Awards for Excellence 2011 fiev-fbvnv. For more information: pwm.db.com. This advertisement has been approved and/or communicated by Deutsche Bank AG and appears as a matter of record only. The services described78 words
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Advertisement203 2012-01-04 35 rich slow. When it comes to investing your hard-earned money, our view is definitely different from most. Instead of promoting those high-risk, quick gambles, we take a long-term, prudent and disciplined approach. Instead of charging high annual management fees to maximise our profits, we offer one of the lowest 1203 words
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Advertisement117 2012-01-04 39 BANKOFSINGAPORE International Private Banking Voted Outstanding Private Bank Asia Pacific 2011 by Private Banker International You've always known that success goes beyond the balance sheet. Jt J111 hi -•u Ml r v: -1 M X 'V ■5* Like you, we understand the value of investing in relationships. That's why Bank117 words
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