The Business Times, 30 January 2012

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Total Pages: 30
1 30 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Monday, January 30, 2012
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  • 828 1  -  They hope for stronger safety nets, help in managing costs, cashflow By TEH SHI NING [SINGAPORE] Businesses here are hoping for measures to prop up jobs and productivity ahead of an expected economic slowdown. Chief executives of companies across sectors, responding to
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  • MARKETS DIGEST
    • 56 1 Weekly Change ST INDEX 2,916.26 +66.88 KL COMP 1,520.90 -1.76 NIKKEI 225 8,841.22 +74.86 HANG SENG 20,501.67 +391.30 SET INDEX 1,076.29 +17.63 JAKARTA COMP 3,986.41 -0.11 MANILA COMP 4,679.89 -68.01 SEOUL COMP 1,964.83 +14.94 SHENZHEN B Closed MUMBAI IND 17,233.98 +494.97 DOW 12,660.46 -60.02 NASDAQ 2,816.55 +29.85 S&P 500
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    • 21 1 BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838.
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    • 18 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 0.50 TAIWAN 5.036 JAPAN 1.475 KOREA Source: Bloomberg
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    • 49 1 us$ s$ US$ (S$ per US$) 1.257 (US$/S$ per 1.568 1.972 EURO (US$/S$/E) 1.309 1.646 Foreign currency per US$ S$ YEN 77.10 61.30 RM 3.044 2.420 HK$ 7.758 6.170 BAHT 31.31 24.90 RUPIAH 8,977 7,139 RENMINBI 6.334 5.037 INDIAN RUPEE 49.55 39.40 A$ 0.942 0.749 NZ$ 1.217 0.968
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  • 771 1  -  Partners see opening for Singapore to become world’s hedge fund centre By KENNETH LIM [SINGAPORE] The founding partners of Dymon Asia Capital know what it takes to run a successful hedge fund. Their homegrown outfit had the seventh best return
    ARTHUR LEE  -  771 words
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    • 91 1 WORLD ECONOMIC FORUM Leaders losing patience with eurozone page 13 DINING OUT The most luxurious-looking Chinese restaurant in town PAGE 23 BizIT Singapore PC market grows 10% in 2011 PAGE 30 S’PORE AIRSHOW Bigger and more spectacular PAGE 4 8 *****1 *****4 Views from the top, Pages 10 and 11
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  • TOP STORIES
    • 713 2  -  His remarks were a rebuttal of commentaries on M’sia’s debt position By S JAYASANKARAN in Kuala Lumpur A FEDERAL minister has rebutted the alarmist rhetoric that Malaysia’s national debt was spiralling out of control, pointing out that the country could comfortably service its
      BLOOMBERG  -  713 words
    • THREE-MINUTE DIGEST
      • 58 2 BUSINESSES here are hoping for measures to prop up jobs and productivity initiatives in light of the imminent economic slowdown. Chief executives of companies across sectors, responding to BT’s call for views on what they wish to see in Budget 2012, would also appreciate help
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      • 44 2 THE founding partners of Dymon Asia Capital know what it takes to run a successful hedge fund. Their homegrown outfit had the seventh best return among the world’s large hedge funds in 2011, according to a Bloomberg poll.
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      • 43 2 A FEDERAL minister has rebutted the alarmist rhetoric that Malaysia’s national debt was spiralling out of control, pointing out that the country could comfortably service its debt while having enough left over for the public good.
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      • 39 2 CREDIT card spending and debt last year rose to all-time highs as consumers here grew increasingly immune to the non-stop flow of bad news from natural disasters to economic turmoil in the eurozone.
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      • 60 2 SINGAPORE Airshow 2012 is set to be bigger and more spectacular than it was two years ago. Jimmy Lau, managing director of Experia, says that as Asia’s largest, and one of the top three aerospace and defence shows in the world, the Singapore Airshow
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      • 38 2 MARKET parties are jockeying ahead of a sale of the London Metal Exchange, a deal that could radically alter the sway that banks and brokers hold over the world’s largest metals market.
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      • 34 2 WORLD economic leaders turned their fire on the eurozone at a Davos forum increasingly frustrated by the single currency bloc’s struggle to come to grips with its debt crisis.
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      • 44 2 INDONESIA’S export growth is likely to come to a halt this year, hurt by falling demand from the euro zone, but the economy will probably remain resilient because of its reliance on domestic consumption, the country’s trade minister said.
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      • 41 2 FOREIGN direct investment in India is set to swell in coming years as investors stomach a lack of transparency, poor infrastructure and policy paralysis in their search for growth, Ernst Young said in a report.
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      • 37 2 BRITAIN is making huge efforts to attract investment from China to kickstart an economy teetering on the brink of recession and it is playing its trump card of being outside eurozone.
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      • 37 2 DESPITE attempts by political and business leaders to suggest the eurozone has turned a corner, the prevailing view of pundits is things can only get worse and a “perfect storm” is brewing.
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    • 864 2  -  The most important indicator for stocks is US jobs data WALL STREET INSIGHT By ROB CURRAN THE apparent acceleration of the economic recovery has sent the US stock market on a bull run, but the dogs of Europe are still snapping
      864 words
    • 668 2  -  November frequent revolver rate steady, defaulter rate lower By SIOW LI SEN [SINGAPORE] Credit card spending and debt last year rose to all-time highs as consumers here grew increasingly immune to the non-stop flow of bad news from natural disasters to economic
      668 words
    • 673 2 EC, Athens reject call to cede sovereignty over tax and spending decisions AP AFP [BERLIN] Germany is proposing that debt-ridden Greece temporarily cede sovereignty over tax and spending decisions to a powerful eurozone budget commissioner before it can secure further bailouts, an official
      AP; AFP  -  673 words
    • 955 4  -  Organiser confident that deals at this year’s event will match the US$10b inked in 2010 By VEN SREENIVASAN [SINGAPORE] The Singapore Airshow is set to be bigger and more spectacular than it was two years ago. Jimmy Lau, managing director of Experia, the show’s
      YEN MENG JIIN  -  955 words
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    • 715 4 NOTICES In the Matter of The Companies Act, Cap 50 AND IN THE MATTER OF GLOBAL BRANDS GROUP HOLDINGS PTE LTD (In Creditors’ Voluntary LIQUIDATION) (Co. Reg No. *****6607E) (“Company”) NOTICE OF MEETING OF CREDITORS AND CONTRIBUTORIES PURSUANT TO SECTION 307 OF THE COMPANIES ACT NOTICE IS HEREBY GIVEN that
      715 words
    • 443 4 WATS NOTICES In the Matter of The Companies Act, Cap 50 And In the Matter of GLOBAL BRANDS (SINGAPORE) PTE LTD (In Creditors’ Voluntary Liquidation) (Co. Reg No. *****2919G) (“Company”) NOTICE OF MEETING OF CREDITORS AND CONTRIBUTORIES PURSUANT TO SECTION 307 OF THE COMPANIES ACT NOTICE IS HEREBY GIVEN that
      443 words
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  • COMPANY NEWS
    • 604 5  -  Team Singapore is 5th in Race 7 from Australia By VINCENT WEE ON Saturday morning, Singaporeans were treated to the familiar sight of the ten 68-foot yachts in the Clipper 2011-12 Round the World Yacht Race fleet pulling into Marina at Keppel Bay
      604 words
    • 301 5  -  Order book now at US$36.1 m, after push to forge alliances, ventures By TEH SHI NING SBI Offshore has secured US$30 million worth of new orders less than a month into the new year. These orders, which include ones from major rig builders
      301 words
    • 722 7 Some favour selling, others oppose for fear of inviting more heavy regulation Reuters [LONDON] Market players are jockeying ahead of a sale of the London Metal Exchange (LME), a deal that could radically alter the sway that banks and brokers hold over the world’s
      Reuters; BLOOMBERG  -  722 words
    • 292 7 COMPANY MEETING PLACE DATE TIME China Fishery Grp AE Capricorn, Level 1, Marina Mandarin Singapore, G Raffles Boulevard, Marina Square, Singapore *****4 28 Jan 9.30am 10.00am Pac Andes AS Capricorn, Level 1. Marina Mandarin Singapore. 6 Raffles Boulevard, Marina Square, Singapore *****4 28-Jan 2.00pm 2,30pm Craft Print A
      292 words
    • 341 7 Jan 27 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 5.5 Banco Bilbao Vizcaya Argentaria. S.A 6 6 Bank Julius Baer Co. Ltd(S).... 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of East Asia .5.75 Bank of
      341 words
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  • SINGAPORE MARKETS
    • 671 6  - Ample liquidity should provide support for now STOCKS R SIVANITHY Senior Correspondent THE headline of last week’s column “Liquidity and momentum to keep equity ball rolling” said it all as prices rose over the intervening five trading days despite the International Monetary Fund (IMF) warning that the world’s financial system
      671 words
    • 652 6 COMMODITIES AFP [LONDON] Commodity prices mainly rose last week on the struggling dollar after the US Federal Reserve vowed to keep interest rates near zero for at least two years. “Improved perceptions of the macroeconomic environment, as the Fed pushed back its
      AFP  -  652 words
    • 553 6 CURRENCIES Bloomberg [NEW YORK] The dollar fell against all its most-traded counterparts after the Federal Reserve pledged to keep interest rates low for at least three years, spurring investors to seek high-er-yielding assets. The greenback declined for a second week against
      Bloomberg  -  553 words
    • 1660 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 2 9.70 10.36 1.42 1.01 Amtek Engg Ltd 2.60 2.60 5 0.08 6.36 0.82 0.68 ARA Asset Mgt Ltd 1.63
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    • 4 6 WEEKLY
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    • 66 6 Jan 27 VALUE CLOSE BT OB/OS 759.00 +43.00 BT CADI -*****.00 +176.0 BT 10-day MA -*****.00 +76.00 FTSE ST Mid Cap 644.78 +1.13 FTSE ST Small Cap 434.66 +4.02 FTSE ST All Share 699.22 +4.68 FTSE ST China Top 216.46 +1.38 FTSE ST China 249.49 +2.13 FTSE
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    • 57 6 VOLUME Noble Grp 272,255,000 Genting SP 230,569,000 Golden Agri 184,853,000 Artivision 184,531,000 UniFiber 111,915,000 SingTel 98,849,000 Yangzijiang 81,694,000 GMG Global 74,198,000 Uni Envtech 69,857,000 Healthway 68,059,000 VALUE($) Genting SP 374,305,115 Noble Grp 368,725,494 SingTel 301,908,543 Keppel Corp 249,187,667 DBS Grp 195,339,379 OCBC Bk 161,595,462 UOB 160,868,695 CapitaLand
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    • 111 6 BY CENTS CLOSE UP GLD 10US$ ***** 872.5 4.3 DBXT USDIGInfl 5US$ ***** 534.3 1.6 DBXT Nifty 10US$ ***** 489.1 3.8 Lyxor AsiaMT 10US$ 5575 378.4 5.7 IS DJ US Tech 6876 364.6 4.4 DBXT E50 10US$ 3635 243.9 5.6 DBXT SPASX200 10US$ 3400 230.1 5.7 DBXT MSEurope 10US$
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    • 134 6 BY CENTS CLOSE DOWN DBXT AUD Bonds 5AU$ ***** -213.5 -0.9 DBXT S&P Short 10US$ 3954 -35.2 -0.7 DBS Bk 4.7% NCPS 100 ***** -35.0 -0.3 DBXT iBoxxUSTr 5US$ ***** -21.4 -0.1 DBXT MSBANGL 10US$ 91.5 -17.0 -12.9 Asia Pac Brew 2910 -13.0 -0.4 Great Eastern 1350 -10.0 -0.7
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    • 5 6 WEEKLY
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    • 1553 8  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited THE trading among directors was very low during the holiday-shortened week following the Chinese New Year holidays with only seven transactions worth a paltry $760,000. The three-day totals were sharply lower
      1,553 words

  • Page 7 Advertisements
    • 116 7 Finance new opportunities That’s what commercial lenders can do when they’re smart about managing risk. And smart lenders can seed innovative new businesses by working with CME Group, the world’s leading derivatives marketplace. Emerging growth companies and financial institutions around the world come to us to manage virtually every kind
      116 words

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    • 2065 8 the business timesweek nd www. usinesstimes.com. g| SEPTEMBER 24-25, 2011 S$1.00| MICA (P) 121/08/2011 the raffles conversation CAREER DIPLOMAT BARRYDESKER 12-13 cheap funds Local banks to slash savings rates DBS Bank, OCBC Bank and UOB will offer a mere 0.05 per cent come October, even as HSBC and Stanchart dish
      2,065 words

  • SINGAPORE NEWS
    • 383 9  -  He and PM Lee will witness signing of technical cooperation pact By LEE U-WEN MYANMAR President Thein Sein is in Singapore for a four-day state visit at the invitation of President Tony Tan Keng Yam. The 66-year-old arrived yesterday afternoon for his first
      383 words
    • 517 9 Payment Ex Books Pay Ann (cts) date close date date AIMS Amp Cap Ind Reit ag 2.600 03-Feb 07-Feb 20-Mar 20-Jan Ascendas Reit ad 0.050 25-Jan 27-Jan 27-Feb 18-Jan Ascendas Reit ao 3.430 25-Jan 27-Jan 27-Feb 18-Jan Ascott R Trust ad 2.426 27-Jan 31-Jan 27-Feb 20-Jan Ascott R
      517 words
    • 194 9 Woodlands project gets warm response following 8-10% cut in prices PARC Rosewood in Woodlands seems to have picked up the momentum generated by Watertown in Punggol with seven in 10 units released on Saturday finding buyers. Marketing agent ERA Realty Network said yesterday
      194 words
    • 194 9  -  By LESLEY TEOH ELDERLY residents of Kwong Wai Shiu Hospital received an early Chinese New Year visit from more than 60 employees and a “God of Fortune” from Maybank Singapore recently. The group, which comprised senior management and volunteers, distributed $10 ang pow
      194 words
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    • 40 9 Looking for opportunities? SME January/February issue out soon! Available at Caltex, Esso, Shell and SPC petrol stations, 7 Eleven and Cheers stores and leading bookstores To subscribe ($30 for six issues delivered to your office or home), please call 6388-3838
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    • 531 9 EVEN BETTER THAN THE BEST E*TRADE MOBILE*PRO E 5-TRADE MOBILE PRO Streaming CSKJ Get Quotes beaming ©b Streaming Enter Order Stocks -2672 Securities FMCG Get Quotes NASDAQ S&P 500 l-i .1 Change •ok* m Change Net Account Value Cash AvaJaOl* for Investment 3.07 x 1000 woTo Ask (Size) Order Type
      531 words

  • VIEWS FROM THE TOP
    • 3296 10 THIS WEEK’S TOPIC What does Singapore’s 2012 Budget need to focus on, in the light of current economic and social developments? What is your Budget wish list for your industry, and for Singapore as a whole? Philip Yuen Chief Executive Officer Deloitte Touche LLP WE hope
      FILE PHOTO  -  3,296 words

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    • 362 11 m NUS National University of Singapore Strategic Technology Management Institute School of Computing Technology Management I Think STMI Our employees who have attended STMI courses are able to better I enjoyed the unique pedagogy of STMI's programmes. Complex concepts were delivered to us in a simple manner. I also appreciated
      362 words
    • 11 11 For the complete list of views from CEOs, go to http://businesstimes.com.sg
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 906 12  -  Resources that investors can turn to further their research includes reports from broking houses, says MINDY TAN Following up from last week, where we looked at the SGX website to find out more about stock price movements, company announcements, and tools that can be used to measure
      LUDWIG ILIO  -  906 words
    • 883 12  -  STARTING YOUNG By MINDY TAN By ‘IENJOY sales,” says the owner of bed linen chain Bedroom Affairs by way of introduction, and to explain the customer she was engaged with, even though she had only opened her store early to accommodate our interview. Irene
      YEN MENG JIIN  -  883 words
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    • 162 12 Get started now Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
      162 words

  • ECONOMY WATCH
    • 638 13 At the forefront of concerns were write-down talks in Greece WORLD ECONOMIC FORUM AFP [DAVOS] World economic leaders turned their fire on the eurozone at a Davos forum increasingly frustrated by the single currency bloc’s struggle to come to grips with its debt crisis.
      AFP; AP  -  638 words
    • 530 13 AFP [DAVOS] A trio of bare-breasted Ukrainian feminists, around 50 ig-loo-dwelling occupiers and 150 anti-capitalist activists mounted a noisy protest outside the Davos forum last Saturday. Biting cold, heavy snow and a no-nonsense security presence kept the crowd at bay, however, and the
      AFP; AP  -  530 words
    • 337 13 Talks stall as rich nations and emerging economies fail to bridge gaps AFP [DAVOS] US trade chief Ron Kirk admitted on Saturday it was impossible to sell free trade to Americans in the current economic climate as the World Trade Organization’s (WTO)
      AFP  -  337 words
    • 494 13 He says appeasing financial markets largely benefits rich AP [DAVOS] The UN trade chief urged global leaders over the weekend to focus much more on reducing growing inequalities around the world than constantly looking to appease financial markets, which largely benefits the rich.
      AP  -  494 words
    • 753 13 Britain, Japan step up to help ramp up fund’s resources AP [DAVOS] The head of the International Monetary Fund (IMF) appeared to be making headway on Saturday in her drive to boost the institution’s financial firepower so that it can help Europe prevent its
      AP  -  753 words

  • MALAYSIA/INDONESIA
    • 535 14 But economy will stay resilient, thanks to domestic consumption Reuters, Bloomberg [DAVOS] Indonesia’s export growth is likely to come to a halt this year, hurt by falling demand from the eurozone, but the economy will probably remain resilient because of its reliance on
      Reuters, Bloomberg; REUTERS  -  535 words
    • 423 14 Move will broaden participation of regional players [KUALA LUMPUR] Malaysia’s foreign exchange administration rules will be liberalised progressively in order to broaden the participation of regional players in the domestic market, says Bank Negara governor Zeti Akhtar Aziz. Measures would continue to be introduced
      423 words
    • 600 14  -  MALAYSIA INSIGHT PAULINE NG KL Correspondent THE extra day provided by this year’s leap year notwithstanding, Malaysian employees will spend a little more than a third of the 366 days away from work. This includes a minimum 121 rest days, including weekends and public
      600 words
    • 1674 14 VOL Jan 27 RM +/-(‘000) VOL Advance Synerg 0.20 0.01 2303 Adventa Bhd 1.66 unch 17 Ae Multi Hldgs 0.32 -0.01 257 Affin Holdings 3.18 -0.02 106 Ahmad Zaki Res 0.90 0.16 8184 Airasia Bhd 3.59 unch ***** Alliance Finan 3.87 -0.01 1104 Aluminium Co 0.85 unch 123
      1,674 words
  • Page 14 Advertisements
    • 245 14 How IT can improve your bottom line Now’s the best time to take advantage of the technological options available to businesses: infocomm technology, infrastructure and communications support and schemes to enhance productivity. Technology is a key enabler for growing your business and helps to overcome manpower constraints. With the impending
      245 words

  • GREATER CHINA/INDIA
    • 541 15 However, lack of transparency, poor infrastructure, policy paralysis big hurdles Reuters [MUMBAI] Foreign direct investment (FDI) in India is set to swell in coming years as investors stomach a lack of transparency, poor infrastructure and policy paralysis in their search for growth,
      Reuters  -  541 words
    • 375 15 Reuters [ADDIS ABABA] Standing on what was once Ethiopia’s oldest maximum security prison, the new African Union headquarters funded by China is a symbol of the Asian giant’s push to stay ahead in Africa and gain greater access to the continent’s resources. Critics
      Reuters  -  375 words
    • 703 15 Bloomberg [LONDON] China may double its installations of solar panels this year, absorbing excess production that depressed prices and margins in 2011, chief executive officers from two of the industry’s top five manufacturers said. Suntech Power Holdings Co CEO Zhengrong Shi estimated that the
      Bloomberg  -  703 words
    • 718 15 Fashion houses tap India for inspiration, fine workmanship AFP [NEW DELHI] “Made in India” clothing is often seen as the product of sweatshop labour, but fashion designer Saloni Lodha, whose fans include film stars Naomi Watts and Emma Watson, wants to give it a
      AFP  -  718 words
    • 637 15 AFP [NEW DELHI] Indian drugs giant Ranbaxy faces a tough road ahead after US authorities imposed stiff conditions to settle a long legal battle over manufacturing safety violations at its plants, analysts say. Ranbaxy shares hit a 10-month low last Friday after the
      AFP  -  637 words
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    • 21 16 Chinaproperty marketfailsto getagoodstart intheyearof theDragon get a good start in the year of To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      21 words
  • WORLD
    • 744 16 Google, Intel, Apple among some of the companies named by the plaintiffs AP [SAN JOSE] In Silicon Valley’s white-hot competition for tech talent, programmers can face a daily barrage of calls from recruiters seeking to woo them to rival companies with offers of better
      AP  -  744 words
    • 96 16 [JEDDAH] An artwork entitled ‘World Map’ by Saudi artist Hamza Serafi is displayed during Saudi Arabia’s first public show of contemporary art entitled ‘We need to talk’ at al Furusia Marina here. Edge of Arabia, the group behind the exhibition, has showcased the work of Saudi artists
      REUTERS  -  96 words
    • 393 16 Bloomberg [LONDON] Four current and former employees of News Corp’s tabloid The Sun were arrested on bribery allegations as a year-long police investigation spreads to Britain’s best-selling daily newspaper. Officers searched company offices in London and made the arrests with the
      Bloomberg  -  393 words
    • 422 16 They will push for bilateral, regional trade agreements AP [DAVOS] Trade ministers meeting on the sidelines of the World Economic Forum expressed cautious optimism last Saturday that global commerce can continue to be liberalised even without progress in the Doha round of trade talks.
      AP  -  422 words
    • 409 16 AP [WASHINGTON] Just how rich is Mitt Romney? Add up the wealth of the last eight presidents, from Richard Nixon to Barack Obama. Then double that number. Now you’re in Romney territory. He would be among the richest presidents in American history if elected probably in
      AP  -  409 words
    • 494 16 CIC buying Thames Water stake shows its efforts paying off AFP [LONDON] Britain is making huge efforts to attract investment from China to kickstart an economy teetering on the brink of recession and it is playing its trump card of
      AFP  -  494 words
    • 636 18 Representatives of other agencies also roped in to crack open markets [DAVOS] A new team of US trade enforcers will make countries think twice about putting up unfair barriers to American exports, US President Barack Obama’s top trade official said. US Trade
      REUTERS  -  636 words
    • 595 18 Finance minister hopes to reach deal in coming months Reuters [DAVOS] The break-up of Switzerland’s oldest bank Wegelin last Friday shows the need to settle a dispute with US authorities over tax cheats hiding cash in secret Swiss accounts, the finance minister
      Reuters; REUTERS  -  595 words
    • 850 18 Reuters [DAVOS] Budding bankers expecting the bumper bonuses of years gone by will have to think again, with only the top performers likely to be paid top dollar. Business leaders and bankers at the annual Davos forum were largely dismissive of attempts to
      Reuters  -  850 words
    • 1025 18 Reuters [ZURICH] Banks and regulators are powerless to find more than a fraction of the assets belonging to sanctioned regimes such as Syria even though they are right under their noses, say top finance officials and campaigners. Experts charged with spotting undesirable assets
      Reuters  -  1,025 words
    • 772 19  -  Move linked to PM’s wish to see private sector use strong yen advantage, and competition for resources By ANTHONY ROWLEY in Tokyo CHINA’S global “resources grab”, backed by a system of state capitalism and huge foreign exchange reserves, has been making waves at
      772 words
    • 909 19 AP [RIO DE JANEIRO] Tall and tan and young and chunky? The Girl From Ipanema has put on a few pounds and for many sunbathers on Brazil’s beaches, the country’s iconic itsybitsy, teeny-weeny bikini just doesn’t suffice anymore. A growing number of bikini manufacturers have woken
      AP  -  909 words
    • 646 19 NYT [NEW YORK] Nokia, the world’s largest seller of mobile phones by volume, said it suffered a huge loss in the fourth quarter but reported better than expected sales of its new Windows smart phones, sending its shares soaring. Nokia said it lost
      NYT; BLOOMBERG  -  646 words
    • 608 19 Reuters [HONG KONG] Investors in Apple Inc have a one-word answer for those who wonder whether this corporate juggernaut can maintain its phenomenal momentum in the years ahead: Asia. The iconic maker of the iPhone, iPad and iPod
      Reuters  -  608 words
    • 721 21 Pundits in Davos see eurozone break-up, economic malaise in US, rise of militancy AFP [DAVOS] Despite attempts by political and business leaders to suggest the eurozone has turned a corner, the prevailing view of pundits is things can only get worse and a “perfect storm”
      AFP  -  721 words
    • 619 21 AP [ATHENS] A disorderly and potentially devastating Greek debt default is looking much less likely. Greece and investors who have bought its bonds have reached a tentative deal to significantly reduce the country’s debt and pave the way for it to receive a
      AP  -  619 words
    • 548 21 AP [DAVOS] The head of the International Monetary Fund said on Saturday that some countries that use the euro have the flexibility to boost growth to help shore up the ailing eurozone economy, which is widely expected to sink back into recession.
      AP  -  548 words
    • 611 21 Bloomberg [MELBOURNE] Novak Djokovic defeated Rafael Nadal in a five-set, six-hour final to win his third Australian Open title and become the fifth man to win three straight Grand Slam tennis championships since the sport went professional 44 years ago.
      Bloomberg; AP  -  611 words
    • 458 21 AFP [MILAN] Shored up in the polls and with a run of successful bond sessions in the bag, Italian Prime Minister Mario Monti’s government is staying the course on bitter reforms despite countrywide strikes. Mr Monti, who took over when former premier Silvio Berlusconi
      AFP  -  458 words

  • FOCUS: ROAD TO MANDALAY
    • 687 17 Myanmar the last frontier The prospect of the end of Western sanctions imposed for human rights abuses has prompted a surge of interest from investors Reuters MYANMAR has already done a lot to reconnect with the international community and win investment, but the return to democracy is not complete and
      Reuters; PHOTOS: REUTERS  -  687 words
    • 689 17 Reuters [NAYPYIDAW, Myanmar] Myanmar will keep natural gas from new projects beyond 2013 for domestic consumption, a shift of policy aimed at powering its development, the country’s energy minister said. Speaking to Reuters in his first interview with foreign media, Minister
      Reuters  -  689 words
    • 267 17 Move is part of bid to extend trade services with Asean Xinhua [YANGON] Myanmar private banks will launch money exchange services in Singapore, Malaysia and Thailand starting next month in the first phase of a bid to extend foreign trade services with Asean
      Xinhua  -  267 words
    • 539 17 Mission sees chance to raise living standards, jump-start development AP [WASHINGTON] Myanmar has a historic opportunity to raise living standards and jump-start development, and is planning reform of its exchange rate that could lift a major constraint on growth, the International Monetary Fund said.
      AP  -  539 words



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    • 218 20 RAFFLES CONVERSATIONS 2011 EDITION The diverse experiences of some of the most influential thinkers, corporate chiefs and social activists of the age MARC BENIOFF “We have always believed that everything was going into the cloud, because it was a model that allowed everyone to succeed.” SHIRISH APTE “Consumer banking is
      218 words


  • AVIATION/SHIPPING
    • 769 22 Bloomberg [MIAMI] Carnival Corp, the world’s largest cruise line owner, was sued in Miami over the Jan 13 wreck of the Costa Concordia off the coast of Italy. The complaint, which names six plaintiffs, four Americans and two Italians, was filed last Friday in
      Bloomberg; AP  -  769 words
    • 431 22 AFP [BARCELONA] Passengers were stranded at Spanish airports last Saturday after airline Spanair abruptly went bust, cancelling all its future flights at half an hour’s notice. “The company has decided to cease its operations as a measure of caution and safety,” Spanair said late
      AFP; REUTERS  -  431 words
    • 538 22 Plunging rents, near-record fuel prices cut earnings to below zero Bloomberg [LONDON] The Baltic Dry Index, a measure of commodity freight costs, headed for its largest monthly decline in more than three years as plunging rents and near-record fuel prices cut earnings to
      Bloomberg  -  538 words
    • 388 22 Bloomberg [NEW YORK] American Airlines parent AMR Corp’s effort to hire a group of legal and financial advisers for its bankruptcy was put on hold amid objections from unions and the US government. US Bankruptcy Judge Sean Lane in Manhattan last
      Bloomberg  -  388 words
  • Page 22 Advertisements
    • 48 22 BENGAL TIGER LINE LTD NOTICE TO TRADE CHENNAI TRADE RECOVERY (CTR) In view of the improvements in Chennai container handling, we will withdraw the CTR effective 15th Feb 2012. H owever, we reserve the right to re-impose at short notice should conditions deteriorate again. Date: 30 January 2012
      48 words
    • 48 22 X PRE SS FEEDER S NOTICE TO TRADE CHENNAI TRADE RECOVERY (CTR) In view of the improvements in Chennai container handling, we will withdraw the CTR effective 15th Feb 2012. However, we reserve the right to re-impose at short notice should conditions deteriorate again. Date: 30 January 2012
      48 words
  • Page 22 Miscellaneous
    • 347 22 CRYPTIC CROSSWORD Across 1 Two presents intended to pacify (3,3) 4 List of cards initially she’d put together before Christmas, we hear (8) 9 Toy that will be welcome at the children’s party (6) 10 Small boy rejected gift it’s outrageous (8) 12 They go round in circles distributing cards,
      347 words

  • DINING OUT
    • 812 23  -  Tong Le is expensive but it packs in quite a bit for your money, saysJAIME JAIME EE NEW RESTAURANT Tong Le Private Dining OUE Tower, Level 4&5 60 Collyer Quay Tel: 6634-3233 WHENEVER a new restaurant opens in town, you can expect the
      812 words
  • Page 23 Advertisements
    • 196 23 THE SINGAPORE EDITION! mm Guys Answer Your > BURNING LOVE 7 QUESTIONS Warning: Some are sweet. Others are simply hilarious! f en Si: The Secrets To Keeling Happy In Your Jon (Ileal teamen share all) rrt< UJ= I -II//I.V Just They’re easy to create too ARE YOU GETTING IT? FEBRUARY
      196 words

  • SINGAPORE STOCKS
    • 1559 24 Week ended: Jan 27 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol 112.5 92.5 AIMSAMPIReit 100.5cd -0.5 1752 101 100 100.5 101 2 10.2 446.1 Week Last Quote High
      1,559 words
    • 195 25 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 1 0.2 t Advanced System 0.3 +0.1 ***** 0.4 0.2 0.3 0.4 10 5 Vol Week Last Quote Div Gr Yld Net M
      195 words
    • 114 25 Stock name Close Change Stock name Close Change Stock name Close Change CapMallsAsia 1.315 +0.005 CapitaLand 2.650 +0.030 CapitaMall 1.710 +0.005 CityDev 10.160 +0.190 ComfortDelGro 1.440 DBS Grp 13.460 +0.120 F&N 6.800 +0.200 GLP 1.950 +0.040 Genting SP 1.630 +0.015 Golden Agri 0.735 +0.010 HK Land
      114 words
    • 2274 25 Transaction date: Jan 27 HONG KONG Vol HK$ +/-'000 Aeon Stores 18.44 -0.02 200 Angang Steel 6.68 0.03 9875 Anhui Conch 28.20 0.20 ***** Anhuiexpresswa 4.57 0.06 1194 Asia Satellite 16.50 unch 0 Asm Pacific 99.60 -0.25 774 Bank Of E Asia 32.05 -0.30 2529 Beida Jade Bir
      2,274 words
    • 260 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 55.5 34 AVJennings A35 -1 4 35 35 35 39 3.6 10 2.8 91.1 46 25.5 Genting HK US$ US34.5 +0.5 ***** 36 34 34.5 35 2271.7
      260 words
    • 186 25 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 6 1 0 0 0 10 6 1 Manufacturing 110 44 28 8 10 8 118 54 36 Commerce 43 15 10 8 3 4 51 18 14 Tpt/Stor/Comms 29 13 2
      186 words
    • 1024 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 109.5 ABF SG Bond ETF 121.5 +5 12 121.5 118 116.9 118 554.6 1261 856 CIMBAsean40 100US$ US1025 +24 243 1025 1005 1027 1033 41
      1,024 words
    • 124 25 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 114,625 114,625 330,147 330,147 Manufacturing 770,984 48,579 819,563 608,875 595 609,470 Commerce 428,932 13,675 442,607 556,233 1,127 557,360 Tpt/Stor/Comms 454,089 86,603 540,692 684,504 12,601 697,105 Finance 63,076 63,076 564,443 564,443 Construction 333,237
      124 words

  • Page 25 Advertisements
    • 26 25 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. The Business Times
      26 words

  • FINANCE & COMMODITIES
    • 373 26 In local curr In S$ In US$ dy yr dy yr dy yr Jan 27 Index Change Change Change Change Change Change World Preliminary 868.0 -0.5 4.6 -0.7 1.7 -0.5 5.2 EAFE Preliminary 713.7 -0.7 4.6 -0.9 2.3 -0.7 5.9 Europe Preliminary 1068.9 -1.0 4.1
      373 words
    • 77 26 CRUDE OIL PRODUCTS Jan 26 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.64 0.60 WTI (Near Mth) 99.80 0.07 Dubai (1-Mth F) 109.10 0.95 Tapis blend 116.59 0.88 Minas 115.39 1.18 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.83 1.94 Jet Kerosene 125.75 0.05 US$/barrel Opec Oil
      77 words
    • 95 26 As on 27 January 2012 www.smx.com.sg fffwn tWH CIW» -O' rilrtt 1 m ciout MTTAit m.r nmnii |ru,in (Tf on .in «i (H MjMinwcy win iwnpii iHATllp 1 ipriii iiUn Mi. nm iivunn OUftiUll i JrM 1 J*3I <I«A. M#. IlSCMI'VluT iUfvuil) it )iU >*> BAST MCTAI
      95 words
    • 162 26 Jan 27 SICOM RUBBER Futures (Closing prices) RSS 3(US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Feb 12 403.0 400.0 403.0 31 204 Mar 12 405.0 404.0 404.0 6 316 Apr 12 405.7 119 May 12 406.8 250 Jun 12 407.8 210 Jul 12 407.0
      162 words
    • 65 26 Jan 27 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2233.00 2244.75 3 months 2266.00 2277.00 Copper, Grade A(US$/tonne) Cash 8511.25 8577.00 3 months 8525.00 8590.00 Lead(US$/tonne) Cash 2270.75 2300.25 3 months 2295.00 2325.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      65 words
    • 107 26 Jan 27 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 12 1219.00 1222.75 1225.75 1215.00 May 12 1228.50 1232.00 1235.00 1224.75 Jul 12 1238.25 1241.75 1244.00 1234.50 Aug 12 1236.25 1239.50 1238.75 1233.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 12 51.59
      107 words
    • 83 26 Jan 27 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 26-Apr-12 0.34 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 N*****0H 2.250 01-Feb-14 99.9 5-Year N*****0W 1.125 01-Apr-16 102.61 102.75 102.75
      83 words
    • 432 26 Jan 27 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.5250 0 836 Jun12 99.5200 0 1069 Sep12 99.5000 0 285 Dec12 99.4750 0 779 EUROYEN TIBOR FUTURES Mar12 99.6650 0 1841 Jun12 99.6650 0 1440 Sep12 99.6625 0 711 Dec12 99.6600 0 115 Mar13 99.6550
      432 words
    • 80 26 Jan 27 COCOA (£/tonne) Close Prev High/Low Mar 12 1563 1591 1607/1543 May 12 1575 1599 1612/1555 Jul 12 1587 1614 1627/1572 Sep 12 1599 1625 1635/1585 COFFEE(US$/tonne) Close Prev High/Low Jan 12 1860 1862 1852/1852 Mar 12 1865 1872 1882/1853 May 12 1892 1899 1910/1882 Jul 12 1919
      80 words
    • 499 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 130 33.00 28 Prem Baker Technology Ltd W*****6 3.8 1 32 21 7.76 10 Vol Conv Exer Disc GearVlths Company Last Sale +orC000) Ratio Price
      499 words
    • 470 26 Jan 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.065 6.723 0.811 8.235 52.590 95.286 0.818 11.913 3.231 1.292 95.743 45.499 1.335 8.308 0.978 31.732 33.234 0.677 1.061 Canada 0.939 6.311
      470 words
    • 86 26 Jan 27 Ul-H £,r s n m t r c a o a c r c »r. n c c ■*y .a e 3 Ei S» f c *0 C r- «i r r2 rf u' e 2 r f f Q fillip ?Eli «n U rin ri»» r\
      86 words
    • 137 26 Jan 27 GOLD(US$/oz) Jan 27 Jan 27 Hong Kong 1724.30 1724.30 Jan 27 Jan 26 Jan 27 London 1724.49 1731.11 1726.21 1731.88 Source: Thomson Reuters CAST BAR Jan 27 (S$) Selling Buying Kilobar 74,461.30 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 167 69 5gm 474 347 10gm
      137 words
    • 57 26 Jan 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 12 3135.0 3137.0 3150.0 3132.0 114 1406 Mar 12 3148.0 3136.0 3150.0 3129.0 1297 ***** Apr 12 3139.0 3135.0 3146.0 3123.0 6430 ***** May 12 3132.0 3126.0
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    • 21 26 Jan 27 Open High Sett STI Jan 2916.0 SIMSCI Jan 331.8 333.9 333.9 Taiwan Jan Source: SGX Derivatives
      21 words
    • 154 26 Jan 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3343 1.3352 1.0613 1.0616 Canadian dollar 1.2523 1.2534 0.9961 0.9966 Euro 1.6455 1.6466 1.3089 1.3092 NZ dollar 1.0323 1.0335 0.8211 0.8217 Sterling pound 1.9715 1.9727 1.5682 1.5685
      154 words
    • 24 26 Jan 27 S$ Bid Offer 1-month 1.2572 1.2577 2-months 1.2570 1.2576 3-months 1.2566 1.2572 6-months 1.2546 1.2553 Source: OCBC Source: OCBC
      24 words
    • 121 26 As at 9am Jan 27 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.367 1.302 Can dollar 1.279 1.23 Euro 1.679 1.615 Sterling pound 2.012 1.935 NZ dollar 1.062 1.012 US dollar 1.279 1.23 Local dollars to 100 units of foreign
      121 words
    • 144 26 Jan 27 Bid nta Hhl w Ml 1 jWWuW. m>. IIIUIllll n\ i muni rn uvuxDxiiAtrw f ")> Mt VA •iM hh*t 0I<I > d/ftk I. "Vi' 1 MwUi vA •iioii"iw ft,(1)1 «iioi|i»n (1- T f. Orrtitim MHi i) hii O OIMMlIl 1 i H'4'r 1 1 miiMiaT
      144 words

  • Page 27 Advertisements
    • 1275 27 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 CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE U.S.A. SERVICE Destination
      1,275 words
    • 1382 27 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:
      1,382 words

  • Page 28 Advertisements
    • 984 28 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 MARISOL~ HDM 0116S disch-only 29 Jan 07
      984 words
    • 700 28 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY~ Ramp(KT)~ Lifting(KT)~ SIN~ PKL~ KUC~ KK~ JKT~ BTL SHENG SHI 32 100 30/01 31/01 03/02 POSITIVE PASSION 30 100 06/02 07/02 GENIUS STAR II 40 60 08/02 10/02 ENDEAVOR OAK 40 60 12/02 13/02 16/02 20/02 POSITIVE STAR
      700 words
    • 450 28 FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION INARAN 01/12 01/02 03/02 BELITUNG/PKL BALAM SRI JAYA 8 02/12 IN PORT 01/02 JAMBI/PEKAN BARU SUN FLORA 03/12 01/02 03/02 PALEMBANG/PANJANG BERJAYA II 01/12 02/02 04/02 BENGKULU/PADANG SIANIRI 02/12 31/01 02/02 BELAWAN/LHOKSEUMAWE PRIMA SAMUDRA 02/12 02/02 04/02
      450 words

  • Page 29 Advertisements
    • 421 29 M I i Building a new pipeline for growth. The Pearl River Delta in China’s Guangdong Province is the fastest-growing region of the world’s fastestgrowing economy—with an appetite for energy to match. However, it is an appetite that must be met completely by external sources. Taking an aggressive clean energy
      421 words
  • BizIT
    • 834 29  -  Even as cloud computing gains popularity, there are always new risks By VICTORIA HO [SINGAPORE] Virtualisation technology continues to surge on the uptake as companies move to cloud computing and deploy off-site servers. But data loss is still a very real issue, in
      834 words
    • <what’s up>
      • 45 29 TARGUS has released three new 15.6-inch backpacks, targeted at executives. The Terminal, Dash II and King Cobra. The Dash II is aimed at allowing executives packing laptops to wear the bag for long hours, with a ventilated back panel and ergonomic straps.
        45 words
      • 45 29 BLUETOOTH earpiece maker, Jabra, is offering a 15 per cent discount on its products at Infinite Apple Premium Sellers and Best Denki’s Apple counters between Feb 1 and Feb 14. The company’s Halo2, Supreme and Stone2 devices will be on sale.
        45 words
      • 35 29 ENTERPRISE headset maker, Plantronics, has released new unified communications software for IBM Sametime users. It works with the maker’s wireless headsets to allow call functions such as volume adjustment and muting calls.
        35 words
      • 51 29  -  Compiled by VICTORIA HO THE enterprise arm of Motorola has released a new rugged mobile device, the MC2100, targeted at inventory and sales floor staff. The device weighs about 240 grammes and packs a replaceable rechargeable battery and the option for an integrated scanner or
        51 words
    • 416 29 Bloomberg [SINGAPORE] Apple Inc is “attacking problems” with conditions at its supply factories and is committed to educating workers about their rights, chief executive officer Tim Cook said in an e-mail to his employees. The letter, carried on the website 9to5mac.com, comes amid criticism of
      Bloomberg  -  416 words
    • 1012 30  -  Buyers return to personal computers despite tablet craze, reportsAMIT AMU ROY CHOUDHURY PRELIMINARY estimates done by IT research agency IDC shows that the Singapore personal computer market grew by a healthy 10 per cent in 2011. However, the agency predicts that the market is likely
      1,012 words
    • 623 30  -  By VICTORIA HO [SINGAPORE] For tech entrepreneur Douglas Gan, peddling beauty treatments is a strange new world. “This is my first time dealing with commerce, and products for women,” he told BizIT. Mr Gan may have as deep an understanding of feminine beauty products as
      623 words
    • 659 30 The firm says its Q3 operating profit fell 61% to 40.9b yen Reuters [TOKYO] Nintendo president Satoru Iwata dismissed the idea that the age of the dedicated handheld games device was over and said he aimed to return the company to substantial profit
      Reuters  -  659 words
    • 326 30 AP [SAN FRANCISCO] Twitter has refined its technology so it can censor messages on a coun-try-by-country basis. The additional flexibility announced last Thursday is likely to raise fears that Twitter’s commitment to free speech may be weakening as the short-messaging company expands into
      AP  -  326 words