The Business Times, 26 January 2012

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Microfilm: NL31765
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Thursday, January 26, 2012
    25 words
  • Article
    Lock icon Ex-chiefs of CNB and SCDF out on bail
    472 1  -  By JOYCE HOOI [SINGAPORE] The former heads of the Central Narcotics Bureau (CNB) and the Singapore Civil Defence Force (SCDF) who are under investigation by the Corrupt Practices Investigation Bureau (CPIB) were arrested under the Prevention of Corruption Act but are out
    472 words
  • Article, Illustration
    Lock icon Obama plays tax card to get firms to hire in US
    1066 1  -  Move has implications for US firms with overseas operations as president gets into re-election mode By ROB CURRAN in Washington PRESIDENT Barack Obama called upon US corporations to do their duty and American millionaires to pay their fair share
    AP  -  1,066 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      108 1 GST INDEX 2,891.64 (+42.26) GST INDEX FUTURES 2,891.00 (+42.00) GSIMSCI 330.81 (+5.69) GSIMSCI FUTURES 330.40 (+5.50) us$ s$ US$ (S$ per US$) 1.267 (US$/S$ per 1.561 1.976 EURO (US$/S$/E) 1.303 1.650 Foreign currency per US$ S$ YEN 77.90 61.50 RM 3.078 2.430 HK$ 7.761 6.128 BAHT 31.55 24.91 RUPIAH
      108 words
    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.730 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
      17 words
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Obama asks firms to hire in US
        44 2 PRESIDENT Barack Obama called upon US corporations to do their duty and American millionaires to pay their fair share in taxes, putting down the markers for his re-election campaign in his third State of the Union address.
        44 words
      • Article
        Lock icon Ex-chiefs of CNB and SCDF on bail
        48 2 THE former heads of the Central Narcotics Bureau and the Singapore Civil Defence Force who are under investigation by the Corrupt Practices Investigation Bureau were arrested under the Prevention of Corruption Act but are out on bail, the CPIB revealed yesterday.
        48 words
      • Article
        Lock icon S’pore monetary policy options limited
        32 2 SINGAPORE’S monetary policy options remain limited due to stubborn inflation, which eased a mere fifth of a percentage point from November to 5.5 per cent in December.
        32 words
      • Article
        Lock icon Most CEOs see weaker global economy
        31 2 MOST chief executives around the world expect a weaker economy this year, but many remain positive about their companies’ growth potential, a PricewaterhouseCoopers survey shows.
        31 words
      • Article
        Lock icon Japan posts a trade deficit
        39 2 JAPAN recorded its first annual trade deficit since 1980 last year as imports of fuel and other commodities surged in the wake of the Fukushima nuclear disaster while exports were hit by supply shortages.
        39 words
      • Article
        Lock icon Apple exceeds forecasts, shares up 8%
        36 2 APPLE Inc’s quarterly results blew past Wall Street’s expectations after US consumers snapped up near-unprecedented numbers of iPhones and iPads, sending its shares up 8 per cent into record territory.
        36 words
      • Article
        Lock icon Marine stocks, Noble investor darlings
        32 2 TALK of new orders and a less gloomy outlook drove the shares of Cosco Corp, Sembcorp Marine, Noble and NOL yesterday as investors resumed trading with optimism.
        32 words
      • Article
        Lock icon Investors turn bullish on US markets
        35 2 Investors are turning increasingly bullish on US markets as they declare its economy in better health than major rivals from Europe to Asia, according to the Bloomberg Global Poll.
        35 words
      • Article
        Lock icon Leading index signals weak recovery
        34 2 A RESEARCH unit of a leading Malaysian bank said yesterday that Malaysia’s economic recovery is likely to remain weak as its leading index fell 1.5 per cent last November.
        34 words
      • Article
        Lock icon US home sales down 3.5% in Dec
        25 2 THE number of Americans signing contracts to buy previously owned homes fell in December from a 19-month high.
        25 words
    • Article, Illustration
      Lock icon Singapore’s monetary policy options limited due to inflation
      844 2  -  MAS, MTI: Consumer price pressures will stay elevated in the next few months Reports by TEH SHI NING [SINGAPORE] Singapore’s monetary policy options remain limited due to stubborn inflation, which eased a mere fifth of a percentage point from November to 5.5
      Source: MAS, MTI estimates; Source: Department of Statistics  -  844 words
    • Article, Illustration
      Lock icon Most CEOs see weaker global economy: PwC
      474 2  -  By EMILYN YAP [SINGAPORE] Most chief executives around the world expect a weaker economy this year, but many remain positive about their companies’ growth potential, a PricewaterhouseCoopers (PwC) survey shows. After all, they did endure worse times in the last financial crisis. “The
      Source: PwC 15th Annual Global CEO Survey  -  474 words
    • Article
      Lock icon Inflation report now carries more details
      274 2 [SINGAPORE] A more detailed breakdown of the consumer price index (CPI), a new sub-index as well as commentary and historical trends these additions yesterday marked a significant change in the way Singapore’s official monthly inflation is reported, reflecting perhaps the weighty policy issue inflation
      274 words
    • Article, Illustration
      Lock icon IRs upbeat as Dragon Year packs in visitors
      694 2  -  Both claim strong traffic in retail, public areas; stay mum on casino, F&B sales By GRACE LEONG [SINGAPORE] They refused to divulge casino traffic, but both integrated resorts were upbeat about the number of visitors that came calling as the Year of
      ST FILE PHOTO  -  694 words
    • Article
      Lock icon Correction
      54 2 Our Jan 23 commentary, “Who cares what the erratic rating agencies think”, said Fitch had yet to raise Indonesia’s sovereign to investment grade. Fitch was in fact the first among the three largest international credit rating agencies to raise Indonesia to investment grade in December last year. We are
      54 words
    • Article
      Lock icon Industrial properties run into headwinds
      850 4  -  Large supply of factory space is expected to depress rents at facilities By MICHELLE TAN [SINGAPORE] Singapore’s industrial properties seem to be nearing the end of their strong run with growth in rents and capital values starting to taper off as worries over a supply
      850 words
    • Article, Illustration
      Lock icon Japan posts a trade deficit, after 30 years
      676 4  -  By ANTHONY ROWLEY in Tokyo JAPAN recorded its first annual trade deficit since 1980 last year as imports of fuel and other commodities surged in the wake of the Fukushima nuclear disaster while exports were hit by supply shortages caused by the
      AFP  -  676 words
    • Article, Illustration
      Lock icon Apple exceeds forecasts, shares up 8%
      791 4 Reuters [SAN FRANCISCO] Apple Inc’s quarterly results blew past Wall Street’s expectations after US consumers snapped up near-unprece-dented numbers of iPhones and iPads, sending its shares up 8 per cent into record territory. The world’s most valuable technology corporation returned to form after a
      Reuters; REUTERS  -  791 words
    • Article
      Lock icon Cash-rich Apple should reward shareholders
      385 4  -  ftS REUTERS BREAKINGVIEWS By ROBERT CYRAN THE Apple juggernaut has regained warp speed with its new pilot, Tim Cook. The tech giant’s results for the quarter ended December blew away the previous rare letdown the US$30 billion of market cap added after-hours on Tuesday proves
      385 words
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      Lock icon Page 2 Advertisements Column 1
      35 2 FRONT PAGE FRONT PAGE TOP STORIES, PAGE 2 TOP STORIES, PAGE 2 TOP STORIES, PAGE 4 TOP STORIES, PAGE 4 COMPANY NEWS, PAGE 5 ECONOMY WATCH, PAGE 9 MALAYSIA/INDONESIA, PAGE 10 WORLD NEWS, PAGE 15
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      Lock icon Page 3 Advertisements Column 1
      136 3 www.vw. com. sg With great power comes great responsibility. m CO Touareg Hybrid i i h f M The Touareg Hybrid. With 380 bhp the Touareg Hybrid is one of the most powerful hybrid SUVs on the road. Its supercharged 3.0 V6 TSI engine, together with an E-motor, propel it
      136 words
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      Lock icon Page 4 Advertisements Column 1
      24 4 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. Q’-s WATS NOTICES
      24 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Marine stocks, Noble turn investor darlings
      493 5  -  Hope of new orders and a less dreary outlook drive gains; Cosco leads pack HOT STOCKS By KELLY TAY TALK of new orders and a less gloomy outlook drove the shares of Cosco Corp, Semcorp Marine, Noble and Neptune Orient Lines (NOL) yesterday as
      Source: Bloomberg  -  493 words
    • Article, Illustration
      Lock icon Jaya jumps 13% on buyout talk
      603 5  -  Dutch shipbuilder expressed interest but no deals made By LYNN KAN SHIPYARD Jaya Holdings jumped 13.4 per cent to 55 cents yesterday on talk that it is in the acquisition crosshairs of Dutch shipbuilder IHC Merwede. A CIMB research report released yesterday said there
      603 words
    • Article
      Lock icon CAC unit bags multi-million dollar contract
      357 7  -  Supply of fuel treatment to NOL unit expected to boost CAC’s profits By R SIVANITHY CHINA Auto Corp associate Neftech Pte Ltd has clinched a multi-million dollar contract to provide its proprietary cavitation fuel treatment technology to American President Lines, a wholly owned subsidiary
      357 words
    • Article, Illustration
      Lock icon Eurozone crunch won’t derail Asia: Franklin Templeton
      420 7 Reuters A BREAK-UP of the eurozone involving major economies is not likely, and a slowdown in the region as well as a deleveraging in European banks is unlikely to derail Asia’s growth, a star fund manager at Franklin Templeton said. Recent moves by
      Reuters  -  420 words
    • Article, Illustration
      Lock icon Distressed-debt investors taking wait-and-see approach to euro crisis
      691 7 Survey shows they are reassessing their appetite for risk Bloomberg [NEW YORK] Europe’s sov-ereign-debt crisis and concern about a double-dip recession in the US have dis-tressed-debt investors split on whether to buy the riskiest securities amid an expected rise in defaults, according
      Bloomberg; REUTERS  -  691 words
    • Article, Illustration
      Lock icon OCBC S’pore Cycling Team gets UCI licence
      285 7 THE OCBC Singapore Cycling Team has come of age, having been awarded the Continental Team licence by Union Cycliste International (UCI), the international governing body for cycling, for the 2012 season. The Continental Team licence allows the team to participate in any UCIsanctioned
      285 words
    • Article, Illustration
      Lock icon HSBC marks 15th CNY celebration with elderly
      272 7 THIS Chinese New Year marks the 15th year of HSBC’s annual reunion dinner and celebrations with the elderly residents from its Henderson Aged Reachout Programme. Organised by HSBC staff volunteers, this year’s “Ang Pow Night” celebrations kicked off with a lion dance performance,
      272 words
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      Lock icon Page 5 Advertisements Column 1
      50 5 KIA Major Sponsor www.kia.com.sg Inspired by what you like Kia r The Power to Surprise S| i *0* M/ OPTIMA* Kia r the major sponsor and official car of the Australian Open KIA Kia Showrooms 239 Alexandra Road Tel: 6427 8888 22 Ubi Road 4 Fulco Building Tel: 6746 2000
      50 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Liquidity and momentum push up STI
      583 6  -  Index rises 42.26 points to 2,891.64; despite HK being closed, turnover remains robust at 1.4b units worth $1.5b STOCKS R SIVANITHY Senior Correspondent THERE were no surprises in yesterday’s trading as liquidity and momentum propelled the Straits Times Index (STI) 42.26 points or 1.5
      Source: Bloomberg  -  583 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Jan 25 VALUE CLOSE BT OB/OS 822.00 +212.0 BT CADI -*****.00 +139.0 BT 10-day MA -*****.00 +82.00 FTSE ST Mid Cap 645.19 +9.60 FTSE ST Small Cap 430.82 +6.38 FTSE ST All Share 694.29 +10.18 FTSE ST China Top 216.22 +4.99 FTSE ST China 247.93 +3.38 FTSE
      66 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 6 0 0 0 0 10 6 0 Manufacturing 70 36 30 6 7 8 76 43 38 Commerce 25 16 14 3 5 4 28 21 18 Tpt/Stor/Comms 24 10 6
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Keppel Land
        353 6 Jan 25 close: $2.87 DMG PARTNERS, Jan 25 OFC booster to muted FY11 results: Keppel Land announced FY11 results with a huge booster of one-time gains totalling $1.086 billion mainly from the divestment of Ocean Financial Centre (OFC) and its attributed revaluation surplus, as well as partly from
        Source: Bloomberg  -  353 words
      • Article, Illustration
        Lock icon Suntec Reit
        349 6  -  Compiled by LYNETTE KHOO Jan 25 close: $1.16 OCBC INVESTMENT RESEARCH, Jan 25 Q4FY11 results exceeded expectations: Suntec Reit reported Q4 FY11 NPI of $52 million and distributable income of $55.3 million, up 10.1 per cent and 23.1 per cent y-o-y respectively. The decent results were achieved despite
        Source: Bloomberg  -  349 words
      • Article
        Lock icon Glossary:
        132 6 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first, second, or third quarter
        132 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 37,238 37,238 94,793 94,793 Manufacturing 249,929 11,867 261,796 218,052 164 218,217 Commerce 125,468 3,874 129,342 184,505 495 185,000 Tpt/Stor/Comms 183,771 29,050 212,821 270,601 4,168 274,768 Finance 22,936 22,936 210,460 210,460 Construction 72,819 11,815 84,634 23,600
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 6 Stock name Close Change Stock name Close Change CapMallsAsia 1.310 +0.005 CapitaLand 2.580 +0.050 CapitaMall 1.720 -0.030 CityDev 10.110 +0.350 ComfortDelGro 1.450 DBS Grp 13.240 +0.250 F&N 6.530 +0.110 GLP 1.935 +0.040 Genting SP 1.635 +0.040 Golden Agri 0.730 -0.005 HK Land 5.250 -0.020 JMH 52.990
      113 words
    • Article, Illustration
      Lock icon Asian units rally after funds raise holdings
      456 6 CURRENCIES Bloomberg [SINGAPORE] Asian currencies strengthened, led by Malaysia’s ringgit, after global funds added to holdings of regional assets on optimism policy makers will take steps to boost economic growth. International investors bought US$152 million more shares than they sold in Indonesia, Thailand
      Bloomberg; BLOOMBERG FILE PHOTO  -  456 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME Noble Grp 82,101,000 Genting SP 78,144,000 Golden Agri 69,035,000 Artivision 64,680,000 PSL Hldgs 35,206,000 Ying Li 34,396,000 SingTel 34,130,000 Yangzijiang 31,603,000 AusGroup 28,886,000 Midas 27,833,000 VALUE($) Genting SP 126,881,315 Noble Grp 109,038,309 SingTel 103,687,968 OCBC Bk 70,951,295 DBS Grp 70,591,850 Keppel Corp 64,112,598 UOB 53,090,752 Golden
      57 words
    • Article
      Lock icon RISES
      107 6 BY CENTS CLOSE UP Lyxor AsiaMT 10US$ 5575 381.1 5.7 DBXT Nifty 10US$ ***** 340.6 2.6 GLD 10US$ ***** 216.5 1.1 Lyxor AsiaIT 10US$ 2545 186.1 6.1 DBXT MSKorea 10US$ 5721 125.3 1.8 JMH 5299 125.3 1.9 DBXT AUDCS 5SG$ ***** 77.0 0.3 DBXT FTVietnam 10US$ 2092 70.9 2.8
      107 words
    • Article
      Lock icon FALLS
      130 6 BY CENTS CLOSE DOWN DBXT AUD Bonds 5AU$ ***** -213.2 -0.9 Asia Pac Brew 2850 -73.0 -2.5 DBXT S&P Short 10US$ 3959 -29.1 -0.6 DBXT MSINDO 10us$ 1525 -25.3 -1.3 DBXT iBoxxUSTr 5US$ ***** -21.5 -0.1 Great Eastern 1350 -10.0 -0.7 Hyflux 6% CPS 10 ***** -9.0 -0.1 NobleGrpMBePW*****1
      130 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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      Lock icon Page 7 Advertisements Column 1
      775 7 >®£ WATS NOTICES 1 SINOPIPE HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company registration no. *****1382N) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Sinopipe Holdings Limited (the “Company”) will be held at 1 Robinson Road, #18-00 AIA Tower, Singapore *****2 on
      775 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Work may start soon on two petrochemical projects
      501 8  -  Investments for Lanxess and PCS plants may add up to $500m By RONNIE LIM DESPITE eurozone concerns, the go-ahead is expected soon for two planned petrochemical investments totalling over $500 million on Jurong Island. The first is Lanxess’ 200 million euro (S$330.7
      501 words
    • Article, Illustration
      Lock icon Amni’s farewell bash
      697 8  -  By CHRISTOPHER LIM AMNI Musfirah, one of the biggest supporters of The Business Times Budding Artists Fund (BT BAF) and The Little Arts Academy, is saying a temporary farewell to the charity this weekend in the same way she said hello three years ago with a musical
      697 words
    • Article, Illustration
      Lock icon Fifth batch of NRF Fellowship winners named
      392 8  -  10 young scientists to start doing research here soon By EVE YEO TEN outstanding young scientists have been awarded the Singapore National Research Foundation (NRF) Fellowship to conduct cut-ting-edge research. Each NRF fellow will receive up to $3 million in research funding support
      392 words
    • Article
      Lock icon New tech benefits video service providers
      291 8  -  By LESLEY TEOH REACHFIELD IT Solutions has signed an agreement with Exploit Technologies Pte Ltd (ETPL) the commercialisation arm of the Agency for Science, Technology and Research (A*Star) to develop and market a new software technology that significantly simplifies current media transcoding, management and
      291 words
    • Article
      Lock icon PM Lee: need to better integrate new immigrants
      453 8  -  It will cut unease, conflict and help S’pore’s growth By LYNETTE KHOO PRIME Minister Lee Hsien Loong stressed the need to better integrate new immigrants yesterday, as the Singapore Federation of Chinese Clans Association (SFCCA) unveiled plans to set up a Chinese
      453 words
    • Article
      Lock icon PM Lee to visit India in July to strengthen ties
      380 8  -  By LEE U-WEN PRIME Minister Lee Hsien Loong will make a high-pro-file visit to India in July his second trip to the country as Singapore premier. In a letter sent to Indian Prime Minister Manmohan Singh on the occasion of
      380 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Stanley Loh named ambassador to China
        70 8 THE government has appointed Stanley Loh Ka Leung as Singapore’s next ambassador to the People’s Republic of China. A former press secretary to former prime minister and later senior minister Goh Chok Tong, Mr Loh was Singapore’s trade representative in Taipei from July 2007
        70 words
      • Article
        Lock icon Ex-Temasek exec is envoy to Bangladesh
        74 8 A RETIRED senior executive of Temasek Holdings has been appointed Singapore’s next High Commissioner to the People’s Republic of Bangladesh. Chan Heng Wing, who retired from Singapore’s Foreign Service in Shanghai, was employed by Temasek as its chief representative in China in March 2008.
        74 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Investors turn bullish on US markets: poll
      714 9 They declare its economy in better health than major rivals Bloomberg [DAVOS] Investors are turning increasingly bullish on US markets as they declare its economy in better health than major rivals from Europe to Asia, according to the Bloomberg Global Poll. Forty-eight per
      Bloomberg; BLOOMBERG  -  714 words
    • Article
      Lock icon Noda will find it hard to cut Japan’s public debt
      622 9 AFP [TOKYO] Global markets may be fixated on Europe’s debt crisis, but half a world away Japan has been dealing with an even bigger borrowing problem one that threatens to burden its people for generations. Japan’s total public debt is
      AFP  -  622 words
    • Article
      Lock icon Capitalism in crisis due to wide inequalities, say int’l investors
      624 9 Most surveyed want govts to play bigger role to address issue Bloomberg [WASHINGTON] International investors say capitalism is in crisis, with almost one in three backing radical changes to the system. As the global financial and business elite gather in
      Bloomberg  -  624 words
    • Article, Illustration
      Lock icon Australia’s inflation remains steady in Q4
      573 9 Flat rate raises hopes that RBA will cut interest rate to boost economy AFP [SYDNEY] Australian inflation held steady in the fourth quarter, data showed yesterday, a lower-than-expected result that stoked hopes for an interest rate cut to boost a “quite sluggish” economy. The
      AFP  -  573 words
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      48 9 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY AN EYE ON GOLD Olympic gold medallist Abhinav Bindra aiming to repeat his feat at this year’s London Olympics ft vl IS CHINESE NEW YEAR CELEBRATION AT INDIAN TEMPLE -M GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
      48 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Leading index signals weak M’sian recovery
      463 10  -  RHBsays it fell 1.5% last Nov after 1.7% Oct rise as external demand weakens By S JAYASANKARAN in Kuala Lumpur A RESEARCH unit of a leading Malaysian bank said yesterday that Malaysia’s economic recovery is likely to remain weak as its leading index an
      463 words
    • Article
      Lock icon Bank Saudara seeks strategic investor via rights issue in 2013
      277 10 Reuters [JAKARTA] PT Bank Himpunan Saudara 1906, a small Indonesian lender, plans to expand in Southeast Asia’s biggest economy by bringing in a strategic investor through a rights issue next year. Chief executive Yanto M Purbo said yesterday that he
      Reuters  -  277 words
    • Article, Illustration
      Lock icon Coffee for the Indonesian on the street
      825 10 Those who can’t afford Starbucks go for ‘Starbikes’ AFP [JAKARTA] As well-heeled Indonesians sip lattes in the air-conditioned comfort of Starbucks, outside on the bustling, traffic-jammed streets of Jakarta the myriad poor turn to “Starbikes” for their fix. In every large city, the
      AFP  -  825 words
    • Article
      Lock icon Investors jump into arowana breeding venture
      847 10 AVB’s investment scheme set to raise RM5m in two months [KUALA LUMPUR] Michael Liu smiled broadly and wished a customer “Happy Chinese New Year” after he cashed in a RM1,000 (S$413) sale at his shop here. Apart from retailing dragonfish, his company Arowana Venture
      847 words
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      Lock icon Page 10 Advertisements Column 1
      107 10 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 to
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      Lock icon Page 10 Advertisements Column 2
      18 10 Pacify the Raging Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Apology Notices B6AR3 NOTICES
      18 words
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  • INDIA
    • Article, Illustration
      Lock icon Solar energy going mainstream
      584 11 Cheaper panels from China make it less expensive to produce than diesel power Bloomberg [MUMBAI] India is producing power from solar cells more cheaply than by burning diesel for the first time, spurring billionaire Sunil Mittal and Coca-Cola Co’s mango supplier to jettison the fuel in
      Bloomberg; BLOOMBERG  -  584 words
    • Article
      Lock icon Europe’s woes could hit India
      213 11 Bloomberg [NEW YORK] India’s economy may slow if European leaders don’t act to improve the continent’s fiscal woes, billionaire Rahul Bajaj said in an interview in Davos, Switzerland yesterday. “Exports will be affected and foreign direct investment will go down,” said the chairman of Bajaj
      Bloomberg  -  213 words
    • Article
      Lock icon Horlicks drives Glaxo sales in India
      495 11 Bloomberg [LONDON] GlaxoSmithKline plc’s best-seller in India isn’t a treatment for asthma or cancer. It’s a malted milk drink called Horlicks. The brand is India’s top packaged beverage behind bottled water and sells more than twice as much as PepsiCo Inc’s namesake cola. Glaxo,
      Bloomberg  -  495 words
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      Lock icon Page 11 Advertisements Column 1
      510 11 Step-Up Term Deposits Osbi| STATE BANK OF INDIA upto 1.48°° on SGD Term Deposits p.a. 4.00 Up to p. p.a. on USD Term Deposits Take steps to enjoy higher interest rates Now you can take your interest earnings to greater heights. Just open a Step-Up Term Deposit with SBI, and
      510 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon More Canadians back oil exports to China
      1146 12 Further energy exports to Asia will reduce Canada’s reliance on the US Bloomberg [OTTAWA] Canadian Prime Minister Stephen Harper is gaining support among Canadians for his plan to ship oilsands crude to China after US President Barack Obama rejected TransCanada Corp’s US$7 billion
      Bloomberg; REUTERS FILE PHOTO  -  1,146 words
    • Article
      Lock icon Urban-rural income gap in China narrows
      467 12  -  Average annual income of rural citizens up 17.9% By JEFF PAO EJ Insight THE income gap between urban and rural residents in China has narrowed as a result of increases in agricultural production and prices, according to data from the National Bureau of Statistics
      EJ Insight  -  467 words
    • Article, Illustration
      Lock icon Cold start to Year of the Dragon in HK
      231 12 Bloomberg [HONG KONG] Temperatures in Hong Kong dropped to 7.4 degrees Celsius yesterday, the coldest reading during a Chinese New Year holiday since 1996, the Hong Kong Observatory reported. A winter monsoon also made yesterday the coldest so far this season,
      Bloomberg; AFP  -  231 words
    • Article
      Lock icon New Asian buyers thirst for fresh wine tastes
      508 12 Reuters [HONG KONG] Global economic uncertainty has hit the Asian wine market, with demand falling for top Bordeaux at Sotheby’s first Hong Kong wine auction of the year in mid-January, leaving many bottles unsold. Though the auction overall raked in sales of
      Reuters  -  508 words
    • Article
      Lock icon Cook says iPhone demand in China underestimated
      357 12 Bloomberg [BEIJING] Apple Inc underestimated the “staggering” demand for the iPhone 4S when it started sales in China this month, chief executive officer Tim Cook said. “We thought we were betting bold,” Mr Cook said about sales of the device in China on
      Bloomberg  -  357 words
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  • WORLD
    • Article, Illustration
      Lock icon Roche makes hostile takeover of Illumina
      645 13 It offers US$44.50, 18% more than the US firm’s Tuesday closing price Bloomberg [SINGAPORE] Roche Holding AG has offered about US$5.7 billion in cash for Illumina to bolster can-cer-drug sales the third time since 2007 that the Swiss drugmaker has made a hostile bid
      Bloomberg; REUTERS  -  645 words
    • Article, Illustration
      Lock icon Citi mulls cuts in securities and banking
      471 13 Revenues in certain parts disappointing and unacceptable Reuters [LONDON] Citigroup Inc said it may make further cuts in its securities and banking unit in 2012 if revenue does not pick up meaningfully, as the prospect of more layoffs looms large over investment banks
      Reuters  -  471 words
    • Article, Illustration
      Lock icon German business confidence up for third month in a row
      490 13 AP [FRANKFURT] Germany’s much-watched Ifo index of business optimism rose for the third month in a row, a positive sign for the largest economy in the eurozone. The January reading of 108.3 was up from 107.2 in December and exceeded
      AP  -  490 words
    • Article
      Lock icon HSBC said to seek buyer for Japan consumer ops
      533 13 Bloomberg Reuters [TOKYO] HSBC Holdings Plc, Europe’s largest bank, is seeking buyers for its Japanese consumer banking unit four years after starting the business, said three people familiar with the matter yesterday. HSBC may sell HSBC Premier, the division that targets
      Bloomberg; Reuters  -  533 words
    • Article
      Lock icon BOE keeps bond purchase target unchanged
      469 13 Bloomberg [LONDON] Bank of England policy makers voted unanimously this month to keep their target for bond purchases unchanged, with some officials saying more stimulus is “likely” to be needed after the current programme is complete. “For some members, the risks of undershooting” the
      Bloomberg  -  469 words
    • Article
      Lock icon Assange to host show on Kremlin-run network
      273 13 Bloomberg [MOSCOW] WikiLeaks founder Julian Assange, under house arrest in the UK, will host a television talk show on an English-lan-guage channel controlled by the Kremlin, the Russian broadcaster RT said. The World Tomorrow will debut in March and be based on interviews
      Bloomberg  -  273 words
    • Article
      Lock icon Star managers set to launch breakaway funds
      697 14 Managers jumping ship spurred by strong following, good flow of cash Reuters [LONDON] Several high-pro-file hedge fund managers are preparing to strike out on their own this year, supported by strong followings and unfazed by a year of poor industry performance that has
      Reuters  -  697 words
    • Article
      Lock icon Yahoo’s revenue falls short of estimates
      325 14 Bloomberg [SAN FRANCISCO] Yahoo! Inc, the largest US Web portal, reported revenue and forecast sales that fell short of estimates as ebbing demand for display advertising underscored the challenge facing new chief executive officer Scott Thompson. Excluding sales passed on to partner sites, fourth-quarter
      Bloomberg  -  325 words
    • Article, Illustration
      Lock icon Thai central bank cuts rates further to help spur recovery
      554 14 Economy, industry still badly hurt by last year’s flooding Bloomberg [BANGKOK] The Bank of Thailand cut interest rates for the second consecutive meeting to help spur a recovery from the worst floods in almost 70 years as a deteriorating global
      Bloomberg; AP  -  554 words
    • Article, Illustration
      Lock icon Smarter people own more stocks, says study
      1033 14 It finds a direct link between IQ and market participation Bloomberg [NEW YORK] The smarter you are, the more stock you probably own, according to researchers who say they found a direct link between IQ and equity market participation. Intelligence, as measured by
      Bloomberg  -  1,033 words
    • Article
      Lock icon Silicon Valley newcomers still dreaming big
      629 14 Great opportunities for talent fresh out of college NYT [SAN FRANCISCO] Atha Fong, 22, has trouble explaining to her mother exactly what she does as a product manager at iSkoot. “Basically, her understanding is that I work with engineers to make mobile phone applications
      NYT  -  629 words
    • Article, Illustration
      Lock icon Pending sales of existing homes falls 3.5% in Dec
      571 15 But other data show that housing has strengthened at the end of 2011 LATEST US DATA Bloomberg [WASHINGTON] The number of Americans signing contracts to buy previously owned homes fell in December from a 19-month high. The index of pending home
      Bloomberg; AFP  -  571 words
    • Article
      Lock icon Spain plan to force more provisions seen backfiring
      612 15 Bloomberg [MADRID] Spanish Prime Minister Mariano Rajoy’s proposal to force banks to recognise further losses from real estate holdings may backfire by saddling healthy lenders with the bill. “The plan is for a massive effort in provisioning of real estate and consolidation,
      Bloomberg  -  612 words
    • Article, Illustration
      Lock icon Rich play at Klosters, others talk at Davos
      699 15 One Swiss resort hosts polo event, another the WEF Bloomberg [ZURICH] Europe’s rich and famous faced tough decisions as they assembled at a chic Swiss ski resort last weekend: whether to drink Taittinger or whiskyinfused hot chocolate, and which piglet to back
      Bloomberg; BLOOMBERG  -  699 words
    • Article
      Lock icon Davos elite confronts failures of Western model
      618 15 AFP [DAVOS, Switzerland] Chastened leaders of the global business elite admitted yesterday that the Western free-market model has come up short and faces being shoved aside by emerging power state capitalism. Over four decades, the annual World Economic Forum (WEF) in the Swiss
      AFP  -  618 words
    • Article
      Lock icon Public sector may need to help out Greece: Lagarde
      500 15 Reuters Bloomberg [PARIS] Public sector holders of Greek debt, such as the European Central Bank (ECB), may have to take a haircut if a private sector restructuring is not enough to make Greece’s debt burden sustainable, International Monetary Fund (IMF) MD
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  • EDITORIAL & OPINION
    • Article
      Lock icon The US presidential race is of global interest
      501 16 EDITORIAL THE onset of a new US presidential election campaign provides an opportunity for non-American observers to restate the obvious: that whoever is elected to be the next president will become the world’s most powerful figure in a sense, a global president.
      501 words
    • Article, Illustration
      Lock icon Be ready to slide further ‘into the danger zone’
      861 16  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent LATELY, the so-called Bretton Woods Twins (the IMF and World Bank) seem to have been trying to outdo each other in describing how dire is the state of the global economy. Other institutions such
      861 words
    • Article, Illustration
      Lock icon US is back as a global power, says Obama
      993 16  -  He also calls on wealthy Americans like Romney to pay more in taxes LEON HADAR Washington Correspondent ON THE same day that leading Republican presidential candidate Mitt Romney released his tax returns which showed that he paid less in taxes than
      AFP  -  993 words
    • Article, Illustration
      Lock icon Growing private equity in Singapore
      1162 17  -  Enhancements to current tax incentive schemes will enhance nation’s appeal as a platform into the region By ANUJ KAGALWALA, TAN HUI CHENG Anuj Kagalwala, corporate tax partner, and Tan Hui Cheng, senior manager, are in the asset management tax practice at PwC Services LLP Singapore
      AFP  -  1,162 words
    • Article, Illustration
      Lock icon Corruption the next hurdle for Indonesia
      893 17  -  WILLIAM PESEK JR The writer is a Bloomberg View columnist. The opinions expressed are his own Bloomberg IT’S a rare economic story that involves Facebook Inc, God and credit ratings. Leave it to Indonesia to serve up a saga that speaks volumes about the
      Bloomberg  -  893 words
    • Article
      Lock icon Shareholders of Baker still in the dark
      128 17  -  LETTER TO THE EDITOR Denis Distant IN April 2010, Baker Technology accepted an offer from Yangzijiang to buy its PPL Holdings for US$155 million which would give it a 15 per cent stake in PPL Shipyard Pte Ltd. The remaining 85 per cent
      128 words
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  • Page 17 Advertisements
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      103 17 HAVE YOUR SAY Fax your letters to 6319-8277 or e-mail them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
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  • AVIATION
    • Article, Illustration
      Lock icon Norwegian Air buys 222 Airbus, Boeing planes
      430 18 Order, worth 127b kronor, is largest ever aircraft purchase in Europe AP [OSLO, Norway] Budget airline Norwegian Air Shuttle ASA yesterday said that it has signed deals worth 127 billion kronor (S$27.3 billion) to purchase 222 planes from Boeing and Airbus. The total
      AP; AFP  -  430 words
    • Article, Illustration
      Lock icon Inspections reveal more cracks on Airbus wing component: sources
      633 18 AIRBUS CRACKS Reuters [DUBLIN] Airbus faces more potential discomfort on the A380 superjumbo after industry sources said inspections ordered by European authorities had revealed the existence of more cracks on a wing component. The European planemaker insists the world’s largest passenger
      Reuters; AP  -  633 words
    • Article
      Lock icon Delta Air diverts flights as solar storm hits
      426 18 Jets sent farther south, lengthening trips by 15 minutes Bloomberg [DALLAS] Delta Air Lines Inc rerouted as many as eight transpolar flights between the US and Asia as the most-powerful solar radiation storm since 2003 hit Earth. Jets were sent farther south,
      Bloomberg  -  426 words
    • Article
      Lock icon Airbus invests in materials research in US
      293 18 Bloomberg [PARIS] Airbus SAS’s US$1 million investment in Ohio for research into nano materials and carbon fibres builds on the European planemaker’s effort to expand in the US, the company’s North America chairman said. “It’s no secret we’re trying to get more and
      Bloomberg  -  293 words
    • Article
      Lock icon Hiring in travel and tourism on the rise as industry picks up the pieces
      725 18 NYT [NEW YORK] As the economy has begun to improve from its darkest days in late 2008 and 2009, hiring in the travel and tourism industry has become one of the bright spots. The industry which
      NYT  -  725 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      322 18 CRYPTIC CROSSWORD Across 1 Memorable arrest? Yes (6) 4 Means, say, salary must be topped (8) 10 Instrument of agreement Italy has refusal rejected (9) 11 A f-fortune to distribute (5) 12 Lacking excitement from paid sportsmen with agents on the way back (7) 13 Type of panel accepting church
      322 words
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  • Page 19 Advertisements
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      1259 19 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 STXPO TBN Destination STXPO TBN Camden/New Orleans/Tampico Destination JIMBLOOM~
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      1367 19 WAN HAI LINES www.wanhai.com.sg TO HONG KONG TAIWAN JAPAN KOREA Major Service Twice Weekly 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:
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  • SHIPPING
    • Article
      Lock icon Tanker rates seen rising on Asian routes
      429 20 Northern winter weather, traders returning from holiday cited Reuters [SINGAPORE] Rates for dirty tankers on key Asian freight routes are expected to rise over the next week as spot market activity picks up again with the return of Chinese traders from holiday. In
      Reuters  -  429 words
    • Article
      Lock icon TRANSPORT STOCKS
      255 20 SGX '000 Jan 25 S$ +/-Vol CH Offshore 0.38 0.01 98 Chuan Hup Hldg unch unch 0 Cosco Corp 1.19 0.10 ***** s$ Ezra Hldgs 1.05 0.04 9374 First Ship Lea 0.23 -0.01 7087 Freight Links 0.06 unch 790 Grand Banks unch unch 0 Jaya Hold Ltd 0.55
      255 words
    • Article
      Lock icon Oil carrier rates up on Iran threat, shares rise
      315 20 Bloomberg [TOKYO] Kyoei Tanker Co, a Tokyo-based shipping line that gets more than 90 per cent of revenue from the Middle East, led gains among oil carriers as rates rose following threats by Iran to disrupt shipments. Kyoei rose 30.3 per
      Bloomberg  -  315 words
    • Article, Illustration
      Lock icon Stricken Costa Concordia’s captain blames cruise firm: reports
      723 20 AFP [GIGLIO ISLAND, Italy] The confirmed death toll from the wreck of the stricken Costa Concordia liner has reached 16, amid media reports that the Italian captain blames company pressure for his criticised actions. Fire brigade divers recovered the 15th body on
      AFP; REUTERS  -  723 words
    • Article
      Lock icon Improve safety procedures and crew training: insurers
      300 20 Reuters [LONDON] Passenger ship operators should tighten up safety procedures and crew training standards to prevent a repeat of the Costa Concordia shipwreck, potentially the costliest marine insurance loss on record, shipping insurers said on Tuesday. “In the past, we have raised and
      Reuters  -  300 words
  • Page 20 Advertisements
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      Lock icon Page 20 Advertisements Column 1
      356 20 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 MARISOL~ HDM 0116S disch-only 29 Jan 07 Feb~ 08
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      Lock icon Page 20 Advertisements Column 2
      174 20 RICKMERS-LINIE Round-the-World Pearl String Service Regular Break-Bulk/Project/SOC Conventional Services WEBSITE: www.rickmers.linie.com America Europe S.E.A. Service ~CHS~ NEW PHL~ ANR~ HAM ~JKT~ ETA SIN~ LCH~ SGN~ HPH~ SHA~ NBO~ XIN~ DLC Rickmers New Orleans 316 (27/12) (07/01) 12/01 26/01 30/01 09/02 15/03 21/03 27/03 26/03 01/04 31/03 Rickmers Hamburg 317 21/01
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      Lock icon Page 20 Advertisements Column 3
      19 20 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. THE BUSINESS TIMES m Shipping Times
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2667 21 Transaction date: Jan 25 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 100.5cd -0.5 215 101 100 100.5 101 2 10.2 446.1 Net M
      2,667 words
    • Article
      Lock icon SGX CATALIST
      188 22 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 26
      188 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7251 22 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 Asia
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    • Article
      Lock icon GLOBALQUOTE
      187 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 47 25.5 Genting HK US$ US35 +1 ***** 36 34 35 35.5 2304.6 Vol 205 168 TanChongInt HK188 188 2.9 2.7 13.1 3786.1 STOCK PRICES LEGEND: Straits
      187 words
    • Article
      Lock icon SGX ETF
      857 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 109.5 ABF SG Bond ETF 118 +1.5 1 118 118 117 118 538.6 1261 856 CIMBAsean40 100US$ US1013 +12 190 1013 1005 1011 1016 40.5
      857 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 23 In local curr In S$ In US$ dy yr dy yr dy yr Jan 24 Index Change Change Change Change Change Change World Preliminary 866.4 -0.3 4.4 -0.2 2.4 -0.5 4.5 EAFE Preliminary 711.6 -0.3 4.3 -0.5 2.4 -0.8 4.5 Europe Preliminary 1069.7 -0.5 4.2
      373 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 23 CRUDE OIL PRODUCTS Jan 24 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.17 -0.49 WTI (Near Mth) 99.10 0.71 Dubai (1-Mth F) 107.87 unch Tapis blend 115.74 -0.07 Minas 114.64 -0.07 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.94 unch Jet Kerosene 126.40 unch US$/barrel Opec Oil
      77 words
    • Article
      Lock icon CHICAGO BOT
      107 23 Jan 24 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 12 1220.00 1217.50 1229.50 1203.75 May 12 1228.75 1225.50 1238.00 1212.00 Jul 12 1238.00 1234.50 1246.75 1221.00 Aug 12 1234.00 1230.00 1240.00 1218.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 12 51.35
      107 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      80 23 Jan 25 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 26-Apr-12 0.34 0.29 0.29 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-13 102.77 5-Year N*****0W 1.125 01-Apr-16 102.39 3-Month 10-Year
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      441 23 Jan 25 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.4950 0 796 Jun12 99.4800 0 2479 Sep12 99.4550 0 1880 Dec12 99.4350 0 779 EUROYEN TIBOR FUTURES Mar12 99.6650 99.6650 99.6650 99.6650 0 1759 Jun12 99.6650 100 1440 Sep12 99.6625 0 711 Dec12 99.6600 0
      441 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      106 23 As on 24 January 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT FEB2012 1676.90 1661.50 1665.20 285 CURRENCY AUD-USD FUT MAR2012 1.0456 1.0372 1.0411 2028 EUR-USD FUT MAR2012 1.3065 1.2840 1.3020 8366 USD-JPY FUT MAR2012 77.76 76.94 77.69 1980 BASE METAL
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    • Article
      Lock icon SGX FUTURES
      165 23 Jan 25 SICOM RUBBER Futures (Closing prices) RSS 3(US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Feb 12 407.0 407.0 407.0 5 207 Mar 12 408.0 405.5 407.5 18 313 Apr 12 409.5 404.0 409.2 24 134 May 12 410.0 250 Jun 12 411.0 210
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    • Article
      Lock icon LONDON METALS
      65 23 Jan 24 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2204.25 2203.25 3 months 2239.00 2238.50 Copper, Grade A(US$/tonne) Cash 8344.00 8353.25 3 months 8355.00 8365.00 Lead(US$/tonne) Cash 2224.25 2219.50 3 months 2250.00 2245.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon LIFFE
      80 23 Jan 24 COCOA (£/tonne) Close Prev High/Low Mar 12 1584 1483 1587/1477 May 12 1595 1497 1597/1491 Jul 12 1610 1513 1611/1506 Sep 12 1623 1527 1625/1520 COFFEE(US$/tonne) Close Prev High/Low Jan 12 1876 unch 1884/1884 Mar 12 1888 1889 1904/1860 May 12 1911 1914 1928/1885 Jul 12 1935
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1207 23 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 130 33.00 28 Prem Baker Technology Ltd W*****6 3.8 1 32 30 7.24 10 Best World Intl Ltd W*****5 2 1 30 109 7.65 18
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 23 Jan 25 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.064 6.667 0.808 8.169 52.683 95.107 0.820 11.848 3.240 1.297 94.860 45.396 1.333 8.343 0.978 31.537 33.211 0.675 1.053 Canada 0.940 6.266
      470 words
    • Article
      Lock icon SIBOR
      65 23 Jan 25 |DSi| i mif. 1 l7?fT3 0317*9 2 mlh» ft tuiw U.IW 3 twt'i 03aJH? (rftlfri 1179*44 a<su« MUl 1 OrMfT M HUM nnuojooi SWAP OMtf f*U3. l») P?Mll iiTih* 03*3K> 3 mifi^ 0 O^v.i t Tlrnltr 0,mM SWW Mill rat« V<r C»,4l»Tf v V rt o s
      65 words
    • Article
      Lock icon PRECIOUS METALS
      138 23 Jan 25 GOLD(US$/oz) Jan 19 Jan 20 Hong Kong 1674.50 closed closed Jan 24 Jan 20 London 1668.90 1657.31 1669.65 1658.08 Source: Thomson Reuters CAST BAR Jan 25 (S$) Selling Buying Kilobar "72,898.03" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 163 68 5gm 464 340 10gm 828
      138 words
    • Article
      Lock icon PALM OIL
      57 23 Jan 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 12 3185.0 3172.0 3185.0 3171.0 53 2539 Mar 12 3185.0 3171.0 3192.0 3167.0 1808 ***** Apr 12 3185.0 3169.0 3190.0 3162.0 4233 ***** May 12 3186.0 3158.0
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    • Article
      Lock icon STOCK INDEX FUTURES
      21 23 Jan 25 Open High Sett STI Jan 2891.0 SIMSCI Jan 326.4 331.3 330.4 Taiwan Jan Source: SGX Derivatives
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 23 Jan 25 S$ Bid Offer 1-month 1.2660 1.2670 2-months 1.2659 1.2670 3-months 1.2655 1.2666 6-months 1.2636 1.2649 Source: OCBC
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 23 Jan 25 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3322 1.3342 1.0523 1.0530 Canadian dollar 1.2523 1.2535 0.9892 0.9893 Euro 1.6492 1.6512 1.3027 1.3032 NZ dollar 1.0267 1.0283 0.8110 0.8116 Sterling pound 1.9753 1.9774 1.5603
      155 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 23 As at 9am Jan 25 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.36 1.296 Can dollar 1.28 1.231 Euro 1.683 1.619 Sterling pound 2.017 1.94 NZ dollar 1.058 1.008 US dollar 1.287 1.238 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      154 23 Jan 25 $S Offer Bid 0vernight 0.01 par 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.08 US$ Offer Bid 7 days 0.30 0.20 1 month 0.45 0.25 2 months 0.60 0.40 3 months 0.75 0.55 6 months 1.00 0.80 9 months 1.15 0.95 12
      154 words
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  • BizIT
    • Article, Illustration
      Lock icon BYOD is becoming an unstoppable trend
      739 24  -  A survey shows that executives prefer to use their own devices at work as this enhances their productivity and resourcefulness, reports VICTORIA HO VICTORIA HO THE Bring Your Own Device (BYOD) train is gathering momentum and is becoming an “unstoppable” trend, according to Avanade.
      739 words
    • Article
      Lock icon Blaast launches in Indonesia with XL
      378 24  -  By VICTORIA HO FINNISH mobile software start-up Blaast has tied up with telecoms operator XL to launch in Indonesia. Blaast offers a Java-based software platform meant to run on basic phones. While most current smartphones such as the iPhone and Android phones run their
      378 words
    • Article
      Lock icon Redefining IT for the next frontier
      1011 24  -  The cloud and virtualisation are set to determine afresh how organisations use IT <you say> By SCOTT MORRIS The writer is managing director ofNetApp Asean THE forecast for 2012 is unquestionably gloomy. But it can also be the year in which CIOs (chief information
      1,011 words
    • Article, Illustration
      Lock icon Google revises privacy policies, use of data
      637 24 AFP [SAN FRANCISCO] Google said on Tuesday that it is revising its privacy policies and changing how it uses data from users of its services to provide more personalised search results and advertisements. The Mountain View, Cali-fornia-based Internet giant said that the changes
      AFP; REUTERS  -  637 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Architects’ group sees mild jump in activity
      475 25 US non-residential construction spend to rise 2.1% in 2012 and 6.4% next year Reuters [NEW YORK] An architects’ trade group forecast a mild rise in US construction spending this year, helped by demand for new hotels and industrial space, but warned that high
      Reuters; AP  -  475 words
    • Article
      Lock icon Unlisted property funds favour Germany, Scandinavia
      425 25 Inrev survey shows managers see them as more likely to weather Europe’s recession Bloomberg [LONDON] Germany and Scandinavia are the most favoured investment locations in Europe for unlisted real estate funds because money managers perceive them as more likely to weather the recession threatening
      Bloomberg  -  425 words
    • Article
      Lock icon Househunt
      752 25 PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 27 WITH CONTRACT DATES BETWEEN DEC 28, 2011 AND JAN 3, 2012 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED People's Park Cplx Apt 03/01/2012 99 409 467 1142 District 4 NON-LANDED
      752 words
    • Article
      Lock icon Falling rates help push up house prices in Australia
      292 25 Reuters [SYDNEY] Australian house prices edged up in the December quarter from the previous quarter, marking the first rise since September 2010, as falling interest rates supported the market, a report by property data provider Australian Property Monitors said. The national
      Reuters  -  292 words
    • Article, Illustration
      Lock icon US colleges farming out student housing
      1047 26 Aim is partly to free capital for facilities such as classrooms, laboratories NYT [NEW YORK] With state budgets tight and demand for a college education at a high point, public universities across the country are increasingly turning to the private sector to build and
      NYT  -  1,047 words
    • Article
      Lock icon Dubai property prices seen stabilising
      403 26 Xinhua [DUBAI] After facing years of downturn, realty prices in Dubai have started to stabilise, according to Ku-wait-based bank Global Investment House. In a report published earlier in the week, Global said: “Digging into 2012, Dubai selling prices of resi- dential units should bottom out
      Xinhua  -  403 words
    • Article
      Lock icon Gaw in talks to buy Goldman Sachs’ HQ
      248 26 Deal underlines the safe-haven appeal of London market Reuters [LONDON] Chinese real estate investor Gaw Capital Partners is in talks to buy Goldman Sachs’ London HQ for about £300 million (S$593.4 million), the latest deal underlining the safe-haven appeal of the city’s
      Reuters  -  248 words
    • Article, Illustration
      Lock icon More property launches on the way
      474 28  -  Developers cashing in on current strong home buying momentum Reports by KALPANA RASHIWALA A STRING of property launches are just around the corner as developers cash in on the current strong home buying momentum created by the release of Watertown condo in Punggol. These
      474 words
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      Lock icon Over 90% of units sold in Watertown picked up by S’poreans
      448 28 Lower than normal foreign share points to ABSD effect [SINGAPORE] Initial evidence suggests that the additional buyer’s stamp duty (ABSD) may have succeeded in cooling foreign buying. More than 90 per cent of the over 550 units sold so
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      167 26 Australian Property Finance Have you recently bought an Australian property and need a loan to complete the transaction"? Already own and want to ensure you have the best loan? Contact Specialist Mortgage here in Singapore for free impartial advice to review all of your options. Mil mm (In Singapore since
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      21 26 Grow Your Stock 1 Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices WAT3 NOTICES CLA/FEB1 1/g
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      Lock icon Going green drive going strong
      995 27  -  Major building owners are seen to be investing and taking steps to mitigate greenhouse emissions, reportsUMA SHANKARI UMA SHANKARI ICONIC building projects are important for any city as they showcase the city’s achievements and capabilities, said Tai Lee Siang, president of the Singapore Green Building
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      157 27 A virtuoso of technical perfection Experience the harmony of first-class technology and elegant design. The Metz Primus sets a new benchmark in home cinema entertainment: a double-sided anti-reflective contrast glass filter panel and an expertly crafted composition of wood and metal combine to deliver the highest aesthetic standards with outstanding
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      12 27 This is the second of a four-part series brought to you by
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      54 28 AWARDED NUMBER IN SINGAPORE FOR CFD CUSTOMER SATISFACTION IG MARKETS CFD trading can result in losses that exceed your initial deposit. Highest overall ratings in the CFD industry for customer satisfaction. Source: Investment Trends Singapore CFD FX Report 2010 2011. IG Markets (ACRA No. *****621X) is licensed by the MAS
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      24 28 I-TfIND THE ONES J THAT FIT! QX Recruit the right people through CATS Recruit. Call 1800 289 8822 or email Fl recruit@sph.com.sg to advertise.
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