The Business Times, 11 January 2012
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2012-01-11
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The Business Times
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Title Section25 2012-01-11 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|5l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Wednesday, January 11, 201225 words
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Article, Illustration763 2012-01-11 1 FELDA CHAY - Chew Gek Khim and her Tecity group said to be behind the surprise move By FELDA CHAY [SINGAPORE] Well-known corporate figure Ng Ser Miang was ousted as chairman of WBL Corp yesterday in a surprise development that once more thrusts Chew GekFILE PHOTO - 763 words
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MARKETS DIGEST
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Article110 2012-01-11 1 GST INDEX 2,719.83 (+28.55) GST INDEX FUTURES 2,720.00 (+29.00) GSIMSCI 310.13 (+4.21) GSIMSCI FUTURES 309.20 (+3.50) us$ s$ US$ (S$ per US$) 1.291 (US$/S$ per 1.546 1.997 EURO (US$/S$/E) 1.277 1.649 Foreign currency per US$ S$ YEN 76.90 59.50 RM 3.142 2.433 HK$ 7.768 6.015 BAHT 31.70 24.55 RUPIAH110 words
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Article18 2012-01-11 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.737 TAIWAN 5 036 JAPAN 1.475 Source: Bloomberg18 words
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996 2012-01-11 1 TEH SHI NING - Construction sector is still worst hit, with 70% of contractors seriously affected: survey By TEH SHI NING [SINGAPORE] Businesses are feeling the severe pinch of tightened foreign worker inflows, a recent survey shows, even as there are renewed pleas for a review of996 words
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Page 1 Advertisements
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Advertisement12 2012-01-11 1 EXEC MONEY How S’pore-based hedge fund Quantedge sharpens its edge PAGE 3012 words
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Advertisement15 2012-01-11 1 CUTTING COSTS BofA axes senior ranks in Asia investment banking PAGE 19 8 *****1 *****415 words
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Advertisement79 2012-01-11 1 TRANSPORT HUB New Porsche seen speeding ahead despite slowdown PAGE 24 Be connected. Feel the energy of a billion ways to interact with the world around you. Far East Space Evolves. Your SOHO lifestyle begins here. Call +65 6534 8000 or visit www.fareastsoho.com i I Far East SOHO another signature79 words
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TOP STORIES
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THREE-MINUTE DIGEST
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73 2012-01-11 2 BUSINESSES are feeling the severe pinch of tightened foreign worker inflows, a recent survey shows, even as there are renewed pleas for a review of policy changes aimed at reducing Singapore’s reliance on foreign manpower. Some 45 per cent of the 251 companies73 words
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67 2012-01-11 2 WELL-KNOWN corporate figure Ng Ser Miang was ousted as chairman of WBL Corp yesterday in a surprise development that once more thrusts Chew Gek Khim and her Tecity group into the spotlight. Mr Ng, who is chairman of NTUC Fairprice Co-operative, was67 words
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79 2012-01-11 2 THE latest tender results confirm a softening in land prices as developers remain cautious after the additional buyer’s stamp duty kicked in last month. The tender for a 99-year-leasehold private condo plot near Bartley MRT Station has drawn a top bid79 words
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72 2012-01-11 2 MEASURES to help cope with manpower shortages rank highest on the Singapore Chinese Chamber of Commerce and Industry’s Budget 2012 wish-list, shaped by a survey of its member companies. The respondents, mostly small and medium enterprises, are hoping for a review of the72 words
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79 2012-01-11 2 CHINA Sky Chemical Fibre’s latest document defending its non-compliance towards a directive from the Singapore Exchange has cast the spotlight on a piece of information that is bound to raise eyebrows. Meeting notes from China Sky on its confidential meeting with SGX on79 words
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59 2012-01-11 2 CAPITALAND has left its mark on what is said to be Chongqing's biggest development project in terms of land size and investment quantum in a decade. A consortium established by CapitaLand Ltd, CapitaMalls Asia and Singbridge Holdings sealed a co-operation agreement with the59 words
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57 2012-01-11 2 AMERICANS are feeling confident enough in the economy to go back to a time-honoured tradition taking on a little extra debt. Consumer borrowing surged in November by US$20.4 billion, the Federal Reserve said. It was the third straight increase and57 words
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50 2012-01-11 2 BANK of America-Merrill Lynch, the second-largest US bank by assets, is cutting around a fifth of its managing directors across its Asia investment banking division, sources said, in a bid to cut costs as the outlook sours in a once-booming region.50 words
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Article, Illustration702 2012-01-11 2 KALPANA RASHIWALA - Bartley site tender gets five bids, down from eight for nearby plot earlier By KALPANA RASHIWALA [SINGAPORE] The latest tender results confirm a softening in land prices as developers remain cautious after the additional buyer’s stamp duty kicked in last month.Source: URA - 702 words
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659 2012-01-11 2 TEH SHI NING - By TEH SHI NING [SINGAPORE] A new index to track the general public’s perception of how prices change was launched yesterday by MasterCard and the Singapore Management University (SMU). The first of its kind here, the Singapore Index of Inflation Expectations (SInDEx) aims to be659 words
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669 2012-01-11 2 ANTHONY ROWLEY - By ANTHONY ROWLEY in Tokyo JAPAN’S Olympus Corp said yesterday that it had filed damages suits totalling 3.6 billion yen (S$60.4 million) against 19 current and former executives of the scandal-hit company, including president Shuichi Takayama, demanding that they pay up to 3.6 billion669 words
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Article, Illustration375 2012-01-11 4 TEH SHI NING - By TEH SHI NING [SINGAPORE] Measures to help cope with manpower shortages rank highest on the Singapore Chinese Chamber of Commerce and Industry’s (SCCCI) Budget 2012 wish-list, shaped by a survey of 215 of its member companies. The respondents, mostly small and medium375 words
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698 2012-01-11 4 NEIL BEHRMANN - He needs to bolster SNB’s reputation, banking industry’s confidentiality By NEIL BEHRMANN in London THE successor of former Swiss National Bank (SNB) chairman Philipp Hildebrand will have his work cut out for him as he works to bolster the reputation of698 words
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507 2012-01-11 4 EVE YEO - By EVE YEO [SINGAPORE] The Emerging Enterprise 2012 Award (EE2012) was launched yesterday, with applications for this year’s award now open. And past winners were at hand to vouch for just how much this accolade can help fledgling companies get established. This is Singapore’s507 words
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592 2012-01-11 4 GRACE LEONG - By GRACE LEONG [SINGAPORE] An Irish technology firm that successfully fought a patent infringement suit against United Overseas Bank (UOB) is now duking it out with DBS on similar claims in the High Court. DBS says the allegations should not be592 words
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Page 2 Advertisements
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Advertisement228 2012-01-11 2 TOP STORIES, PAGE 4 FRONT PAGE COMPANY NEWS, PAGE 6 FRONT PAGE COMPANY NEWS, PAGE 9 TOP STORIES, PAGE 2 ECONOMY WATCH, PAGE 12 WORLD, PAGE 19 What makes an MBA program "Executive"? We believe it's about experience. Behind the Rutgers Executive MBA program stands the experience and global reputation228 words
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Advertisement269 2012-01-11 3 Reach New Heights With The Emerging Enterprise Award Winning the Emerging Enterprise Award has enabled us to strike while the iron is hot. The prize money came at an opportune time to help us offset some of the construction costs of our new factory, which is targeted to increase production269 words
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Advertisement570 2012-01-11 4 r— Jf ill -I nm Refined Rich 16 Lavish; 7, Rooms built 5,700 sq ft Land: Lovely Garden: 4,691 sq ft JERRY LUM Snr Marketing Director, MBA, CES cea licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg Register by January 31st to save up to US$500 on the570 words
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Advertisement159 2012-01-11 5 m Ik >: TAKING THE LEAD STARTS WITH TAKING CARE OF OUR DRIVERS. Every Lexus now comes with 3 years of free servicing It doesn’t stop at creating the highest levels of comfort, a leader always looks to set new benchmarks. The Lexus after-sales service is designed just as every159 words
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COMPANY NEWS
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Article1025 2012-01-11 6 LYNETTE KHOO - HOCK LOCK SIEW By LYNETTE KHOO INVESTORS of China Sky Chemical Fibre are caught in the stand-off between the Singapore Exchange (SGX) and China Sky Chemical Fibre. And there appears to be no easy way out of the mess. There are many “firsts” in1,025 words
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717 2012-01-11 6 LYNETTE KHOO - Meeting notes show major shareholder’s representative there By LYNETTE KHOO CHINA Sky Chemical Fibre’s latest document defending its non-compliance towards a directive from the Singapore Exchange (SGX) has cast the spotlight on a piece of information that is bound to raise eyebrows. Meeting717 words
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511 2012-01-11 9 MICHELLE TAN - Costing 21.1b yuan, it’s said be the city’s biggest development project in a decade By MICHELLE TAN in Chongqing CAPITALAND has left its mark on what is said to be Chongqing’s biggest development project in terms of land size and investment quantum in a511 words
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Article, Illustration512 2012-01-11 9 KENNETH LIM - By KENNETH LIM ANALYSTS are trimming their forecasts for Singapore Exchange on the back of disappointing December trading volumes and macro concerns in the year ahead. With SGX expected on Monday to report its sec-ond-quarter results, analysts are expecting revenue of $150 million512 words
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238 2012-01-11 9 KELLY TAY - By KELLY TAY WEE Hur Construction Pte Ltd a wholly owned subsidiary of mainboard-listed Wee Hur Holdings Ltd has secured a management contract worth $35 million from Ascendas (Tuas) Pte Ltd. The scope of the contract includes the design, construction, completion,238 words
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Article272 2012-01-11 9 Pictet-Absl Rtn Glo Cons-P EUR 06.01.2012 EUR 100.68 Pictet-Absl Rtn Glo Div-P EUR 06.01.2012 EUR 112,98 Pictet-Asian Equities Ex Japan-P USD 06.01.2012 USD 153.67 Pictet-Asian Local Currency Debt-P USD 06.01.2012 USD 144.46 Pictet-Biotech-P USD 06.01.2012 USD 288.65 Pictet-Clean Energy-P USD 06.01.2012 USD 62,23 Pictet-Digital Communication-P USD 06.01.2012 USD 131,21272 words
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Article398 2012-01-11 9 JAMIE LEE - By JAMIE LEE SINGAPORE Press Holdings (SPH) achieved higher recurring earnings for its fiscal first quarter but lower investment income resulted in a 4.7 per cent fall in net profit. Net profit for the three months ended Nov 30 was $97.5 million, down from398 words
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Article370 2012-01-11 9 Bloomberg [HONG KONG] People.cn Co, controlled by the Chinese Communist Party’s newspaper publisher, aims to sell shares in an initial public offering as state media companies seek stock listings to compete with private rivals. The owner of websites including people.com.cn may offer 69.1 million shares, orBloomberg - 370 words
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428 2012-01-11 10 EMILYN YAP - Number crunching aside, conserving cash and managing risks also crucial By EMILYN YAP CHIEF financial officers (CFOs) are wearing more hats than ever as the market expects them to not only balance the books but also preserve liquidity, manage risks, and428 words
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203 2012-01-11 10 JAMIE LEE - By JAMIE LEE THE Singapore Exchange (SGX) has introduced an online portal that provides educational information for investors. Known as “My Gateway”, the portal will feature market updates, video clips on investment products and information on investment seminars. It will also provide tools such as203 words
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264 2012-01-11 10 Reuters [BANGKOK] Total Access Communication Pcl (TAC), Thailand’s second-largest mobile phone operator by subscribers, said on Monday it planned to spend more than 40 billion baht (S$ 1.62 billion) over the next three years. Chief executive officer Jon Eddy Abdullah told reporters the investmentReuters - 264 words
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COMPANY BRIEFS
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72 2012-01-11 10 Bloomberg HUTCHISON Whampoa Ltd is marketing a five-year and a 10-year US dollar bond at a spread of about 275 basis points more than Treasuries for both maturities, according to a person familiar with the matter. HSBC Holdings plc, JP Morgan Chase Co andBloomberg - 72 words
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65 2012-01-11 10 LIAN Beng Group said its net profit for the first half ended Nov 30, 2011 rose 33.4 per cent to $30.13 million, boosted by the sale of a property at New Industrial Road. Revenue, however, was down 4.7 per cent from a65 words
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66 2012-01-11 10 KIAN Ho Bearings warned shareholders that it expects to report a significant drop in its profit for the year ended Dec 31, 2011 compared to the preceding year. The weaker performance was attributed to the lower sales in the second half of66 words
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76 2012-01-11 10 CHEUNG Woh Technologies posted a net loss attributable to shareholders of $1.24 million for the nine months ended Nov 30, 2011, a turnaround from the net profit of $14.53 million for the corresponding year-ago period. Turnover fell one per cent to $109.12 million76 words
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88 2012-01-11 10 FRENCKEN Group said it will report a loss in the fourth quarter of 2011 due to a $3.3 million provision. However, it expects to remain profitable for the fiscal year ended Dec 31, 2011. The provision was made after it accepted responsibility88 words
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Advertisement146 2012-01-11 6 Only UB can bring you the benefits that come from being Singapore’s First Executive MBA The University at Buffalo School of Management established the first Executive MBA program in Singapore in 1996 in partnership with the Singapore Institute of Management. Since then, we’ve been evolving our top-ranked program to provide146 words
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Advertisement942 2012-01-11 7 SINGAPORE PRESS HOLDINGS LIMITED Incorporated in Singapore. Co. Reg. No. *****2868E Unaudited Results for the First Quarter ended November 30, 2011 (Extract) GROUP FINANCIAL HIGHLIGHTS 1Q 2012 $’000 Change iS 1Q 2011 $’000 Operating revenue 332,406 318,717 4.3 Operating profit# 121,230 116,305 4.2 Net income from investments 587 6,055 (90.3)942 words
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SINGAPORE MARKETS
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Article, Illustration583 2012-01-11 8 VEN SREENIVASAN - STI gains 28.55 points at 2,719.83; lacklustre session marked by tepid trading volumes STOCKS VEN SREENIVASAN Senior Correspondent DESPITE the benchmark Singapore market index ending in positive territory, the story behind the topline was anything but spectacular, with stocks muddling through a lacklustre session markedSource: Bloomberg - 583 words
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Article66 2012-01-11 8 Jan 10 VALUE CLOSE BT OB/OS 377.00 +63.0 BT CADI -*****.00 +142.0 BT 10-day MA -*****.00 +37.00 FTSE ST Mid Cap 611.91 +5.61 FTSE ST Small Cap 409.53 +3.74 FTSE ST All Share 654.32 +6.68 FTSE ST China Top 196.88 +2.51 FTSE ST China 230.25 +2.32 FTSE66 words
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Article186 2012-01-11 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 2 4 0 0 0 10 2 4 Manufacturing 59 33 27 7 3 9 66 36 36 Commerce 23 14 12 5 2 2 28 16 14 Tpt/Stor/Comms 21 8 10186 words
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Article119 2012-01-11 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 24,651 24,651 119,284 119,284 Manufacturing 182,695 22,707 205,402 172,530 233 172,763 Commerce 94,347 14,002 108,349 108,903 909 109,813 Tpt/Stor/Comms 96,214 13,449 109,663 129,535 1,888 131,423 Finance 10,612 200 10,812 105,404 40 105,444 Construction 21,672 2,442119 words
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Article112 2012-01-11 8 Stock name Close Change Stock name Close Change CapMallsAsia 1.190 +0.055 CapitaLand 2.350 +0.090 CapitaMall 1.755 +0.045 CityDev 9.220 +0.170 ComfortDelGro 1.440 +0.005 DBS Grp 11.880 +0.120 F&N 6.430 +0.120 GLP 1.790 +0.025 Genting SP 1.540 +0.010 Golden Agri 0.740 +0.010 HK Land 4.890 +0.060 JMH112 words
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Article, Illustration468 2012-01-11 8 CURRENCIES Bloomberg [SINGAPORE] Asian currencies strengthened, led by South Korea’s won and Taiwan’s dollar, as European leaders stepped up efforts to tackle their debt crisis, bolstering demand for emerging-market assets. The Bloomberg-JPMorgan Asia Dollar Index snapped a four-day decline after German Chancellor Angela MerkelBloomberg; BLOOMBERG FILE PHOTO - 468 words
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Article, Illustration455 2012-01-11 8 Biosensors International A little overbought Prices have moved aggressively over the past few weeks to reclaim the 100- and 200-day EMA before pushing even higher. The counter is now slightly overextended and a short consolidation period would be healthy. Look out for the $1.475 level455 words
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Article57 2012-01-11 8 VOLUME Golden Agri 50,644,000 Noble Grp 50,559,000 Genting SP 34,843,000 Yoma 32,973,000 EzionHldg 31,272,000 Artivision 30,176,000 HPH Trust US$ 23,623,000 Centillion 23,030,000 GMG Global 22,840,000 SembMar 18,401,000 VALUE($) Keppel Corp 93,659,030 SembMar 76,541,165 Noble Grp 55,266,110 Genting SP 53,580,265 DBS Grp 51,298,140 SingTel 43,710,320 Golden Agri 37,358,55957 words
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Article115 2012-01-11 8 BY CENTS CLOSE UP DBXT Nifty 10US$ 9379 337.0 2.9 IS S&P500 ***** 175.6 1.1 DBXT MSAsExJp 10US$ 2833 113.6 3.2 DBXT MSKorea 10US$ 5194 113.6 1.7 Lyxor China H 10US$ 1321 91.7 5.7 Lyxor MS India 10US$ 1205 74.9 5.1 DBXT FTChina25 10US$ 2700 50.4 1.5 DBXT MSTaiwan115 words
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Article117 2012-01-11 8 BY CENTS CLOSE DOWN JSH 2920 -62.0 -1.6 DBXT S&P Short 10US$ 4065 -38.7 -0.7 DBXT STGLDv100 10US$ 2637 -23.2 -0.7 DairyFarm 959 -12.9 -1.0 JMH 4814 -10.3 -0.2 Asia Pac Brew 2970 -10.0 -0.3 STXPO 100 672 -9.0 -1.3 DBXT E50 10US$ 3337 -7.8 -0.2 YHS 110.5 -5.5117 words
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Advertisement298 2012-01-11 9 ITT o ’’rrr n Crown the success in the business world KMAKE KAPLAN YOUR CHOICE. Being one of the leading provider of higher education in Singapore and across the Asia Pacific region, we are proud to offer renowned postgraduate programmes awarded by prestigious universities from Ireland and England. With Kaplan,298 words
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Advertisement238 2012-01-11 10 -s *7* i > C t v 4 v A 'V£v. nW'v -V* ;;> M Ty ’t a 'tv/ l A ■4* «aiwsa^ U" A.y $3 2 i t Vv v > v rSX'5»3 \V\V'’ ■A (\\SCT J i,' n. rf' w**"****!*" ■JTV 7- i l» \aV:v, v i-: k238 words
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Advertisement11 2012-01-11 10 Head to CATS FASTADS in The New Paper for job opportunities!11 words
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SINGAPORE NEWS
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Article, Illustration529 2012-01-11 11 LYNN KAN - Mapping S’pore’s ground elevation digitally among recommendations By LYNN KAN AN international expert panel said that with mounting rainfall in Singapore, PUB has to take up more advanced and comprehensive methods to measure water levels and flow in the drainage system. More529 words
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345 2012-01-11 11 KELLY TAY - By KELLY TAY IN just three weeks, KPMG and the Singapore Economic Development Board (EDB) will launch the KPMG Centre of Excellence (COE) initiative the first of its kind to be established by a Big Four accounting firm in Singapore. The multi-million dollar345 words
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308 2012-01-11 11 UMA SHANKARI - By UMA SHANKARI ASCENDAS will partner a Japanese consortium and an Indian property group to develop an integrated township in Chennai, India, the company said yesterday. The township will be developed by a joint venture between Ascendas India Development Trust (a private property308 words
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Article, Illustration175 2012-01-11 11 CHEAH UI-HOON - By CHEAH UI-HOON INDIAN artist Paresh Maity, returning to Art Stage Singapore for his second showing, will be hanging up more than 300 flickering lanterns over a boat, to the sound of ocean waves, for his installation at the fair which opens tomorrow. Memory brings alive175 words
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328 2012-01-11 11 SIOW LI SEN - By SIOW LI SEN A MAYBANK customer has complained that the bank has been tardy in addressing his complaint of unauthorised ATM withdrawals, in contrast to DBS’s swift response to its recent ATM fraud. Ronald Lee Shiang Boon, an IT consultant, yesterday said that328 words
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447 2012-01-11 11 JOYCE HOOI - New study dangles carrot for some non-peak-hour travel By JOYCE HOOI THE frustrated train commuter will get a chance to make some of his money back over the next six months in a new study launched by the National University of447 words
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Page 11 Advertisements
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Advertisement797 2012-01-11 11 BROUGHT TO YOU BY SHAREINVESTOR Hear From the Investment Expert Dr. Alexander Elder: Trading in Your Mind Your mind is an essential aspect of your trading. Once you recognise this, you will be able to trade more logically and effectively. This is the expert opinion of New York-based professional trader797 words
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ECONOMY WATCH
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Article, Illustration624 2012-01-11 12 Surge of US$20.4b is third straight hike and is due to car, holiday purchases AP [WASHINGTON] Americans are feeling confident enough in the economy to go back to a time-honoured tradition taking on a little extra debt. Consumer borrowing surgedAP; AFP - 624 words
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Article, Illustration611 2012-01-11 12 Reuters [SYDNEY] Approvals to build new homes in Australia jumped sharply in November in a partial recovery from two months of steep falls, offering hope the struggling sector might have finally hit bottom now interest rates are falling. Y e s t eReuters; BLOOMBERG - 611 words
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610 2012-01-11 12 Belgium has been asked to make deeper savings Bloomberg [BRUSSELS] Europe’s newfound powers over national taxing and spending face a first test when the European Commission prods Belgium to make deeper savings just over a week into the budget year. Under authorityBloomberg - 610 words
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633 2012-01-11 12 Bloomberg [NEW YORK] The global effort by central banks to ease stresses in the market for bank funding amid Europe’s sovereign-debt crisis is starting to pay off. The three-month London interbank offered rate (Libor) for loans in US dollars has fallen forBloomberg - 633 words
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Article, Illustration2192 2012-01-11 13 With Asia now a major market, Western and Asian multinationals are looking for a place to set up their financial operations in the region A SPECIAL FEATURE TODAY, the great financial hubs of the world are located in the West. London is2,192 words
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Advertisement107 2012-01-11 12 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 to107 words
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Advertisement16 2012-01-11 13 This is the first of a four-part series on global transaction services brought to you by16 words
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MALAYSIA/INDONESIA
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419 2012-01-11 14 PAULINE NG - Developer moves to allay concerns over crime to attract foreign purchasers By PAULINE NG in Kuala Lumpur NUSAJAYA could arguably be one of the most guarded residential areas in Malaysia going by security plans being put in place. With foreign buyers comprising more419 words
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Article, Illustration474 2012-01-11 14 S JAYASANKARAN - Foreign outrage and domestic polarisation thus avoided By S JAYASANKARAN in Kuala Lumpur THE acquittal of Malaysia’s opposition leader Anwar Ibrahim on Monday will improve the country’s prospects of becoming a more mature, resilient democracy, a foreign newspaper oftentimes critical of the country said474 words
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340 2012-01-11 14 Bloomberg [TALLAHASSEE, United States] Florida would become the most populous state with full casino gambling outside American Indian control under a proposal that has cleared its first legislative hurdle. The decision was a win for Malaysia’s Genting Bhd, which controls Asia’s second-biggestBloomberg - 340 words
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Advertisement354 2012-01-11 14 i 0 mam 9 Celebrate auspicious tidin: y; in the Year of the Dragon Usher in the dragon year with exquisite feasts and a tempting accommodation package. Festive indulgence (9 January to 6 February 2012) Savour an enticing reunion feast at Hai Tien Lo. Menus start from S$98++ per person.354 words
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Advertisement325 2012-01-11 15 y/ ML f 5 m a Hui T c:^ mu TGPowwer MIGUEL COVARRUBIAS I Bather Holding Up Her Kemban I oil on canvas I 76 x 61 cm RUDOLF BONET 1 Bali Life I 1950 I pastel on paper I 79 x 147 cm •s* ft. A Se; >> 1325 words
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GREATER CHINA/INDIA
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734 2012-01-11 16 Lingering eurozone debt crisis could mean slower pace of outsourcing contracts Reuters [BANGALORE] Indian software companies are bracing for a slower pace of outsourcing contracts in 2012 when they kick off quarterly earnings this week because of the lingering debt crisis in Europe,Reuters - 734 words
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198 2012-01-11 16 Reuters [MUMBAI] India’s states have given their in-principle approval to a proposed national goods and service tax (GST), the Mint newspaper reported yesterday, raising hopes that the ambitious tax reform could be included in the upcoming budget next month. Finance ministers from across India’sReuters - 198 words
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569 2012-01-11 16 Alternatives under study include the Russian route Bloomberg [MUMBAI] Turkiye Halk Bankasi AS has told Indian oil refiners it may no longer be able to act as an intermediary for their purchases of Iranian crude, four people with knowledgeBloomberg - 569 words
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460 2012-01-11 16 Bloomberg [BEIJING] China’s export growth slowed in December, reflecting weakening global demand and the fallout from Europe’s debt crisis. Overseas shipments rose 13.4 per cent from a year earlier, in line with projections, after a 13.8 per cent increase in November, data from theBloomberg - 460 words
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Article, Illustration674 2012-01-11 16 Reuters [BEIJING] China’s policymakers might just have the wiggle room they need to deliver the more flexible currency they say they want. The trade surplus is narrowing and an influx of hot money is on the retreat as the economyReuters; BLOOMBERG - 674 words
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Advertisement108 2012-01-11 16 Vv a EXC IN USIVE TICKETS iiX/xxxxw^, 1 YOtmHEAJWONtTOim get Z3ZSJES8E UNIT ft I1EUVERIE I iii’ in 91.3FM TODAY'S BEST MUSIC Midas Promotions OFFICIAL www.midaspromotions.com RADIO STATION JANUARY ISSUE OUT NOW! K1MORA LEE SIMMON BEAUTY DETOX 101 YOUR COMPLETE GUIDE FORA VANITY CASE VANITY CASE CLEAN-OUT TALKS STILETTOS, HER MAKEUP108 words
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WORLD
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Article, Illustration641 2012-01-11 17 It plans to counter perceptions that firms profit at the expense of workers Bloomberg [NEW YORK] The buyout industry, seeking to contain damage as Mitt Romney draws criticism over his role at Bain Capital LLC, plans to counter perceptions that firmsBloomberg; AP - 641 words
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597 2012-01-11 17 AFP [NEW YORK] The body that polices Internet registrations will launch tomorrow a domain name “revolution” in the face of the concerns of global bodies ranging from the United Nations to the US Congress. The Red Cross and International Olympic CommitteeAFP - 597 words
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Article, Illustration509 2012-01-11 17 AP [LOS ANGELES] Tim Cook could well end up being the highest paid CEO in America in 2011, after Apple Inc granted him a million restricted stock units last August for taking the reins shortly before co-founder Steve Jobs died.AP; REUTERS - 509 words
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584 2012-01-11 17 Bloomberg [DUBAI] Abu Dhabi, the oil-rich sheikhdom that spent 36 billion dirhams (S$12.6 billion) bailing out its biggest developer in 2011, will probably reach for its chequebook again as property companies in the United Arab Emirates (UAE) face a stalled market andBloomberg - 584 words
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Article, Illustration710 2012-01-11 18 He seeks to persuade them to cut oil imports from Iran, faces tough talks in China over yuan, trade disputes Bloomberg [WASHINGTON] US Treasury Secretary Timothy Geithner will urge Asia’s two biggest economies to cut Iranian oil imports and seek to narrowBloomberg; AP - 710 words
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780 2012-01-11 18 Bloomberg NYT [LONDON] MF Global Holding Ltd’s UK customers demanded their money back at a London creditors’ meeting as administrators KPMG said they racked up £17.5 million (S$35 million) in fees since the broker’s collapse without returning anything to clients. Customers askedBloomberg; NYT - 780 words
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Article, Illustration599 2012-01-11 18 Reuters [ZURICH] Wegelin Co, one of Switzerland’s oldest banks, on Monday played down any threat by the US authorities to take legal action that could lead to charges that the bank enabled wealthy Americans to evade taxes. In a statement e-mailed toReuters; BLOOMBERG - 599 words
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651 2012-01-11 18 Reuters [WASHINGTON] US authorities are investigating allegations that an Indian government spy unit hacked into e-mails of an official US commission that monitors economic and security relations between the United States and China, including cyber-security issues. The request for an investigationReuters - 651 words
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Article, Illustration719 2012-01-11 19 Some 15 of BofA’s 75 Asia managing directors will be gone by end-March Reuters [HONG KONG] Bank of America-Merrill Lynch (BofA), the second-largest US bank by assets, is cutting around a fifth of its managing directors across its Asia investment bankingReuters; AFP - 719 words
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252 2012-01-11 19 Bloomberg [NEW YORK] Wall Street’s biggest firms, facing a slump in investmentbanking revenue, are considering freezing compensation levels for some junior bankers, according to people familiar with the deliberations. Credit Suisse Group AG is likely to suspend its practice, an industry norm,Bloomberg - 252 words
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Article, Illustration696 2012-01-11 19 Tracking poll finds him leading with 33% of likely voters AFP [CONCORD, United States] Republican White House hopefuls faced New Hampshire voters yesterday in a bellwether primary which is all but certain to tighten frontrunner Mitt Romney’s hold on the nomination. Analysts were eagerAFP; AP - 696 words
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625 2012-01-11 19 ONG CHOR HAO - By ONG CHOR HAO FOR all the hype and emphasis associated with the Iowa caucuses last week, it can be argued that the race for the Republican Party’s nomination for the US presidential election truly kicks into high gear in New Hampshire the country’s625 words
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435 2012-01-11 19 AP [LONDON] UniCredit, Italy’s largest bank, is undergoing a trial by fire in the stock market, underscoring the challenges that European banks face in trying to right themselves. Shares of UniCredit have been in freefall, as investors have baulked at a newAP - 435 words
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Article, Illustration463 2012-01-11 19 AP [YANGON] Myanmar opposition leader Aung San Suu Kyi confirmed that she will run for a seat in parliament, her party said yesterday, a move that will infuse April by-elections with legitimacy, star power, and historic significance. Ms Suu KyiAP - 463 words
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Page 17 Advertisements
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Advertisement821 2012-01-11 17 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP.50) AND IN THE MATTER OF YONG SHENG GOLDSMITH PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****0887Z NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DULY CONVENED AND HELD AT 7821 words
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Page 18 Advertisements
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Advertisement18 2012-01-11 18 Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices WAT3 NOTICES CLA/FEB1 1/g18 words
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EDITORIAL & OPINION
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450 2012-01-11 20 EDITORIAL IT is timely that land-challenged Singapore is preparing an underground masterplan (details of which are expected this year) to map out the economic use of space deep within the bowels of the island. Adding impetus are more subterranean projects, like construction this year of450 words
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Article, Illustration782 2012-01-11 20 FRANK CHING - THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 IN July 2009, China’s Foreign Ministry made a demand of the American embassy: Stop making measurements of air pollution in Beijing available782 words
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Article, Illustration963 2012-01-11 20 ANDREW SHENG - Financial institutions will have to come out with new value chains that create confidence By ANDREW SHENG The writer, president of the Fung Global Institute, Hong Kong and the chief adviser to the China Banking Regulatory Commission, is a former chairman of theREUTERS - 963 words
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Article, Illustration1444 2012-01-11 21 POH BEE TIN, ANG LEA LEA - A Budget 2012 wish list includes fiscal measures to drive productivity, ease business costs and improve cash flow By POH BEE TIN, ANG LEA LEA The writers are tax partners at Ernst Young Solutions LLP SINGAPORE is not immune to the shifting global economic winds. WithFILE PHOTO - 1,444 words
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Article, Illustration806 2012-01-11 21 AEKAPOL CHONGVILAIVAN - By AEKAPOL CHONGVILAIVAN The writer is a fellow and coordinator at the Institute of South-east Asian Studies THE distributional consequences of economic growth and development in South-east Asia have been the centrepiece of public and policy debates. Rising inequality has evidently posed aREUTERS - 806 words
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TransportHUB
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Article875 2012-01-11 22 DAVID HUGHES - It is incredibly optimistic despite tough year with significant company failures expected STRAIT TALK By DAVID HUGHES T THE beginning of the year, it is traditional to look ahead at what opportunities and challenges the coming 12 months could bring. In the case of 2012, it875 words
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Article, Illustration1214 2012-01-11 22 Partnerships won’t reduce overcapacity that has hit rates Bloomberg [SINGAPORE] New alliances will probably fail to end container lines’ losses on Asia-Europe routes as they won’t reduce the overcapacity that has caused rates to plunge. Neptune Orient Lines Ltd’s (NOL) APL Ltd unit,Bloomberg; AP - 1,214 words
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530 2012-01-11 22 Bloomberg [WASHINGTON] Iran is unlikely to shut down oil shipping through the Strait of Hormuz in response to Western sanctions, President Barack Obama’s former adviser on Iran said. Oil prices fell on Monday as concern eased that Iran would attempt to impedeBloomberg - 530 words
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Article261 2012-01-11 22 SGX '000 Jan 10 S$ +/-Vol CH Offshore 0.35 unch 30 Chuan Hup Hldg unch unch 0 Cosco Corp 0.94 0.03 6700 s$ Ezra Hldgs 0.94 0.05 ***** First Ship Lea 0.30 0.01 436 Freight Links 0.06 unch 430 Grand Banks unch unch 0 Jaya Hold Ltd 0.47261 words
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TRANSPORT HUB: AVIATION
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Article, Illustration493 2012-01-11 23 VEN SREENIVASAN - Upgrading of former air force and army base in third and final phase now By VEN SREENIVASAN [SINGAPORE] The Civil Aviation Authority of Singapore (CAAS) and the Changi Airport Group (CAG) are developing Seletar Airport into a regional airport for business aviation.CAAS - 493 words
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229 2012-01-11 23 Reuters [NEW DELHI] India’s struggling Kingfisher Airlines has paid 200 million rupees (S$4.9 million) in outstanding service taxes due for December, including arrears, a government official said, sending the carrier’s shares up more than 9 per cent. The cash-strapped carrier, which isReuters - 229 words
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Article, Illustration691 2012-01-11 23 UK-based OAG also sees air fares rising by average of 3% Bloomberg [BRUSSELS] The inclusion of airlines in the European Union’s (EU) carbon plan will cost the industry 3.5 billion euros (S$5.8 billion) and may increase ticket prices by an averageBloomberg; AFP - 691 words
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711 2012-01-11 23 NYT Reuters [NEW DELHI] India’s aviation regulator plans to review the massive fleet expansion plans of IndiGo, the country’s No 2 airline, as an unreleased report by the industry’s top regulator showed that many of India’s airlines are rife with safety violations. IndiGo placedNYT; Reuters - 711 words
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TRANSPORT HUB: LAND
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Article, Illustration407 2012-01-11 24 SAMUEL EE - This could signal the start of more luxury brands driving into a Wearnes showroom By SAMUEL EE [SINGAPORE] BMW has driven into Wearnes Automotive’s forecourt in Malaysia. This is the first time the listed company the biggest multi-brand dealership in Singapore is representing theFOREST CHEW/ KB DIGITAL STUDIO - 407 words
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Article, Illustration478 2012-01-11 24 SAMUEL EE - By SAMUEL EE [SINGAPORE] The new Porsche 911 will be launched in Singapore tomorrow night at the Ritz-Carlton and authorised distributor Eurokars expects it to help total Porsche sales speed ahead to a new record this year despite the weaker economy. The latestPORSCHE AG - 478 words
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634 2012-01-11 24 AP [DETROIT] General Motors Co (GM) is on track to retake the title of world’s top-selling carmaker, riding strong sales in the US and China to beat Volkswagen and Toyota. GM, which lost the crown to Toyota in 2008 after holding it for moreAP - 634 words
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Article, Illustration366 2012-01-11 24 Reuters [NEW DELHI] Car sales in India climbed 8.5 per cent in December, an auto industry body said yesterday, the second consecutive monthly rise as the industry continued to rebound from record falls in sales in late 2011. Sales areReuters; AFP - 366 words
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693 2012-01-11 24 CEO considers lowering 2014 sales target to 5.7 million cars Bloomberg [DETROIT] Fiat SpA and Chrysler Group LLC may seek to combine with another carmaker to increase efficiencies and cut development costs, Sergio Marchionne, chief executive officer of both Fiat andBloomberg - 693 words
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Page 22 Advertisements
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Advertisement99 2012-01-11 22 1 2 March 2012 5, 6 7 March 2012 MARINE INSURANCE A FOUNDATION WORKSHOP MARINE INSURANCE DEEPER INSIGHTS INTO ADVANCED INDUSTRY ISSUES issues and current concerns of marine insurers. a most will not only acquire a comprehensive understanding of the coverage provided by Marine Insurance but will also gain a99 words
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Page 23 Miscellaneous
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Miscellaneous330 2012-01-11 23 CRYPTIC CROSSWORD Across 1 A way of imagining a bit on the side? (7,8) 9 Faces drop during struggles (7) 10 Company scheme adopting single high-flier (2-5) 11 Cruel gibe almost cause excitement (9) 12 Turner departed around the end of March (5) 13 Furthest goal confronting the majority (7)330 words
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SINGAPORE STOCKS
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Article2367 2012-01-11 25 Transaction date: Jan 10 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 112.5 92.5 AIMSAMPIReit 96.5 unch 103 96.5 96.5 96.5 97.5 2.1 9.7 428.3 Net M2,367 words
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Article203 2012-01-11 26 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 1 0.2 t Advanced System 0.4 +0.1 351 0.4 0.2 0.2 0.4 13.3 6.6 Last Quote Div Gr Yld Net M Cap203 words
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Article7277 2012-01-11 26 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.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA Life Aberdeen Asset Mgt Asia Limited AXA Wealth Mat S'pore Pte Ltd Aberdeen Asset Mat Asia7,277 words
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Article911 2012-01-11 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 109.5 ABF SG Bond ETF 118.5 +1 12 118.5 118.5 116.5 118 540.9 1261 856 CIMBAsean40 100US$ US971 +18 10 971 971 971 975 38.8911 words
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Article200 2012-01-11 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49 25.5 Genting HK US$ US30 unch 4155 30.5 30 30 30.5 1975.4 15 10 OGL Resources A$ A10 5 10 1.5 220 168 TanChongInt HK185 +1200 words
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FINANCE & COMMODITIES
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373 2012-01-11 27 In local curr In S$ In US$ dy yr dy yr dy yr Jan 9 Index Change Change Change Change Change Change World Preliminary 838.7 -0.2 1.1 0.2 0.7 -0.1 0.7 EAFE Preliminary 684.5 -0.3 0.4 0.1 -0.5 -0.1 -0.5 Europe Preliminary 1028.8 -0.5 0.2373 words
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Article77 2012-01-11 27 CRUDE OIL PRODUCTS Jan 9 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.89 -0.58 WTI (Near Mth) 101.27 -0.53 Dubai (1-Mth F) 109.68 0.13 Tapis blend 120.02 -1.16 Minas 118.02 -1.16 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.83 1.39 Jet Kerosene 127.85 1.05 US$/barrel Opec Oil77 words
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Article107 2012-01-11 27 Jan 9 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 12 1225.75 1189.50 1227.00 1191.25 Mar 12 1233.00 1196.50 1235.00 1194.50 May 12 1242.00 1206.00 1244.25 1204.50 Jul 12 1250.50 1214.50 1252.50 1213.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 12 52.02107 words
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Article83 2012-01-11 27 Jan 10 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 12-Apr-12 0.34 0.3 0.3 1-Year BY*****W 01-Nov-12 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01-Jul-13 102.9 5-Year N*****0W 1.125 01-Apr-16 102.39 102.52 102.4283 words
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Article445 2012-01-11 27 Jan 10 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.4300 0 2289 Jun12 99.3900 0 5016 Sep12 99.3650 0 653 Dec12 99.3450 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 99.6500445 words
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Article, Illustration114 2012-01-11 27 As on 9 January 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT FEB2012 1622.80 1607.30 1608.00 365 CURRENCY AUD-USD FUT MAR2012 1.0165 1.0071 1.0153 3526 EUR-USD FUT MAR2012 1.2789 1.2693 1.2766 3524 USD-JPY FUT MAR2012 76.88 76.72 76.77 2994 BASE METAL114 words
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Article156 2012-01-11 27 Jan 10 SICOM RUBBER Futures (Closing prices) RSS 3(US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Feb 12 335.0 335.0 335.0 4 249 Mar 12 336.9 324 Apr 12 342.1 341.1 341.7 25 183 May 12 343.5 254 Jun 12 344.7 216 Jul 12 345.0156 words
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Article65 2012-01-11 27 Jan 9 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2085.75 2046.75 3 months 2108.00 2069.00 Copper, Grade A(US$/tonne) Cash 7488.00 7569.25 3 months 7496.00 7580.00 Lead(US$/tonne) Cash 1941.50 1934.25 3 months 1965.00 1959.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months65 words
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Article80 2012-01-11 27 Jan 9 COCOA (£/tonne) Close Prev High/Low Mar 12 1428 1335 1445/1331 May 12 1442 1354 1454/1350 Jul 12 1457 1370 1469/1367 Sep 12 1471 1386 1474/1384 COFFEE(US$/tonne) Close Prev High/Low Jan 12 1741 1704 1717/1688 Mar 12 1763 1720 1780/1712 May 12 1790 1752 1805/1743 Jul 12 181680 words
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1086 2012-01-11 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 61 47.25 28 Prem Baker Technology Ltd W*****6 3.8 1 32 40 6.71 10 Best World Intl Ltd W*****5 2 1 30 106 7.75 181,086 words
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Article470 2012-01-11 27 Jan 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.051 6.502 0.807 8.000 53.854 94.549 0.792 11.917 3.236 1.299 92.706 45.328 1.330 8.386 0.978 30.935 32.655 0.666 1.030 Canada 0.952 6.188470 words
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Article70 2012-01-11 27 Jan 10 |l»l| 1 mill iwm nji?=( mUu U.l*w 3 twiii i««fc 03wiJ* (mu* li’0 5 lUilSA 5 ml I" 0 ffflM Mint* pin/if SWAP OHtf r.-.ld (S') rmh* n«v»5»*» j miiii n 53 3U 0 d •i HIT*, n JHRiK Tinmr 0.757& SWiW MW ral« Wr ,0.J54^ im70 words
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Article130 2012-01-11 27 Jan 10 GOLD llfilton) lUnnj Kun<,( '-in fit 1 tut VI Jmn tio u.rirn 1 lllMtl 1 Hit <-J isiui' ii.ii if. ■saa irot ni Source: Thomson Reuters CAST UAft Ain m Si-llii) »1 (J h-tloVtrtr o.iai m ***** I'AMI' GOLU I'D N4h«3 Liflnj lorn tel GT 5'J"i130 words
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Article57 2012-01-11 27 Jan 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 12 3230.0 3210.0 3230.0 3210.0 14 168 Feb 12 3240.0 3220.0 3245.0 3219.0 1701 ***** Mar 12 3233.0 3215.0 3240.0 3208.0 9916 ***** Apr 12 3232.0 3210.057 words
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Article24 2012-01-11 27 Jan 10 Open High Sett STI Jan 2720.0 SIMSCI Jan 305.6 310.1 309.2 Taiwan Jan 254.6 258.8 258.0 Source: SGX Derivatives24 words
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Article154 2012-01-11 27 Jan 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3299 1.3302 1.0299 1.0300 Canadian dollar 1.2655 1.2664 0.9800 0.9806 Euro 1.6487 1.6494 1.2768 1.2771 NZ dollar 1.0240 1.0243 0.7930 0.7931 Sterling pound 1.9963 1.9970 1.5460 1.5463154 words
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Article22 2012-01-11 27 Jan 10 S$ Bid Offer 1-month 1.2914 1.2916 2-months 1.2914 1.2916 3-months 1.2911 1.2914 6-months 1.2895 1.2899 Source: OCBC22 words
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Article116 2012-01-11 27 As at 9am Jan 10 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.358 1.294 Can dollar 1.289 1.24 Euro 1.683 1.619 Sterling pound 2.037 1.959 NZ dollar 1.05 1 US dollar 1.313 1.263 Local dollars to 100 units of foreign116 words
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Article120 2012-01-11 27 Jan 10 Mlfe fe* srt t% 4 i Ml iiiiiirth'. fih HI 1 iniiiiUis uvwrwlii nnn> rtui< iiit IM l<4% UN* T /•V». VV i ucinlh V4J ••i IfMDlll' W •iimitfii f. utiiMlh'. «<!• Y tMlllllll'i 1* 1 i tmmili 1 JO »V \M ytlfw I# 1 Itl'llllll120 words
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Advertisement1177 2012-01-11 28 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 Email: singapore@balisagp.com Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Antwerp/UK Destination STXPO TBN1,177 words
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Advertisement1404 2012-01-11 28 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:1,404 words
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Page 29 Advertisements
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Advertisement984 2012-01-11 29 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~984 words
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Advertisement682 2012-01-11 29 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY~ Ramp(KT)~ Lifting(KT)~ MUA~ SIN~ PKL~ KUC~ KK~ JKT POSITIVE STAR 68 100 17/01 19/01 SEA CORAL 34 60 27/01 29/01 ASIAN NAGA 9 55 80 24/01 27/01 28/01 30/01 SHENG SHI 32 100 30/01 31/01 02/02 MALAYSIA STAR682 words
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Advertisement439 2012-01-11 29 FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION INARAN 01/12 16/01 18/01 BELITUNG/PKL BALAM VICTORY 6 01/12 12/01 14/01 JAMBI/PEKAN BARU SUN FLORA 02/12 12/01 14/01 PALEMBANG/PANJANG BERJAYA II 01/12 17/01 19/01 BENGKULU/PADANG SIANIRI 02/12 12/01 14/01 BELAWAN/LHOKSEUMAWE SINOPA 01/12 18/01 20/01 SABANG/MALAHAYATI INDONESIA JAVA439 words
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executive Money
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Article, Illustration805 2012-01-11 30 TEH HOOI LING - S’pore-based hedge fund aims to repeat blockbuster performance STRATEGY FOR 2012 By TEH HOOI LING QUANTEDGE Capital, the Singapore-based hedge fund which chalked up an impressive gain of 32 per cent last year despite very difficult market conditions, is starting 2012 with an overweight positionSource: Quantedge - 805 words
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716 2012-01-11 30 TEH HOOI LING - By TEH HOOI LING UOB Asset Management (UOBAM) is advising its clients to maintain a balanced portfolio of 55 per cent equities, 38 per cent bonds, 4 per cent commodities and 3 per cent cash to start the year, as 2012 can either turn out716 words
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1052 2012-01-11 30 Latin American funds did best, ending the year 2.84% higher HEDGE funds chalked up their second-worst year on record last year, with a loss of 4.16 per cent, said hedge fund tracker Eurekahedge. The Eurekahedge Hedge Fund Index was down1,052 words
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Article324 2012-01-11 30 Bloomberg [NEW YORK] The most accurate foreign-exchange forecasters say the euro will depreciate against the dollar for a third straight year, equalling its longest slump since its creation in 1999, as Europe slips into recession. Nick Bennenbroek, the head of currency strategy at Wells FargoBloomberg - 324 words
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Article, Illustration449 2012-01-11 31 GENEVIEVE CUA - CFA Institute’s study pessimistic integrity will improve in markets this year By GENEVIEVE CUA CAPITAL markets have a long way to go to restore trust among market participants, says CFA Institute chair of the board of governors Dan Meader. It is vital,449 words
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296 2012-01-11 31 It will encourage long-term investors to buy more shares Bloomberg [BEIJING] China’s stocks regulator will “actively” push pension and housing funds to begin investing in capital markets, and encourage long-term investors such as insurers and corporate pension plans to buy more shares.Bloomberg - 296 words
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600 2012-01-11 31 Bloomberg [NEW YORK] Rallying stocks have done little to entice professional money managers back to US equities. A gauge of hedge-fund bullishness measuring the proportion of bets that shares will rise climbed to 44.5 last week from 43.9 at the endBloomberg - 600 words
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Article, Illustration1036 2012-01-11 32 Kit Wei Zheng - 2012: A Starker Growth Inflation Trade-off The global environment in 2012 may continue to present challenges. In this three-part weekly series, Citi's experts offer their views on the outlook for Singapore amid economic and market developments around the world. This first feature looks at how Singapore's economy will likely perform1,036 words
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Advertisement365 2012-01-11 31 Standard Cg Chartered Here for good V,. A m w> ang pows collected ..K LA gift to usher in wealth i f tidy sum to invest with care w -4 K M m r I s, w It’s good to kick start your prosperity plan this Year of the Dragon.365 words
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Advertisement266 2012-01-11 32 Citigold Private Client i-1-5. 1*5 i i s %&i r i Setting the industry standard in wealth management services. Citigold Private Client is an exclusive private wealth management service for individuals with investible assets of over $1 million. Growing and preserving your wealth is of paramount importance to you. We266 words
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Advertisement17 2012-01-11 32 Next week's feature will discuss the outlook for Singapore's equity market and what it means for investors.17 words
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