The Business Times, 7 February 2012

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Microfilm: NL31791
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Tuesday, February 7, 2012
    25 words
  • Article, Illustration
    Lock icon Airlines hunt for funds with new aircraft on the way
    903 1  -  Painful credit crunch and US$ shortage may make it a hard landing this year for aviation industry By VEN SREENIVASAN [SINGAPORE] The global commercial aviation industry is facing a huge credit crunch as almost US$100 billion worth of aircraft are
    903 words
  • Article
    Lock icon Why SMEs don’t bite the productivity carrot
    719 1  -  Govt urged to refine schemes which some are finding too ‘micro-targeted’ By TEH SHI NING [SINGAPORE] If Budget 2012 is to prioritise Singapore’s long-term transformation into a productivitydriven economy, then schemes meant to push companies in that direction need improving, particip a n
    719 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      109 1 GST INDEX 2,940.10 (+22.15) GST INDEX FUTURES 2,940.00 (+22.00) GSIMSCI 337.76 (+2.01) GSIMSCI FUTURES 337.30 (+1.50) us$ s$ US$ (S$ per US$) 1.245 (US$/S$ per 1.578 1.965 EURO (US$/S$/E) 1.309 1.630 Foreign currency per US$ S$ YEN 76.60 61.50 RM 3.011 2.418 HK$ 7.755 6.227 BAHT 30.92 24.82 RUPIAH
      109 words
    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.727 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
      17 words
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      152 1 PROPERTY Peace Centre units sold for 11m PAGE 28 GREECE Still waiting for a deal PAGE 2 S’PORE COMPANIES Eu Yan Sang posts loss after Healthzone write-off PAGE 8 Freshdirect recipe to improve productivity I PAGE 11 8 *****1 *****4 ULYSSE NARDIN Since 1846 Le Locle Suisse El Toro Patented
      152 words
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      12 1 OPINION US job numbers can be a political game changer PAGE 23
      12 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Markets dip on latest delay in Greek debt deal
      825 2  -  Spending cuts this year set at 1.5% of GDP or about 3b euros: Papademos By NEIL BEHRMANN in London THE euro and European stock and bond markets weakened slightly after a Greece agreement with its creditors was postponed yet again. Greek
      AP  -  825 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      517 2 Airlines hunt for funds with new aircraft on the way THE global commercial aviation industry is facing a huge credit crunch as almost US$100 billion worth of aircraft are due for delivery in the coming year. The primary cause for this is the turbulence that Europe’s big banks
      517 words
    • Article
      Lock icon IMF in Japan to review economic challenges
      592 2  -  Impact of strong yen on corporate giants top agenda By ANTHONY ROWLEY in Tokyo A TEAM of officials from the International Monetary Fund (IMF) arrived in Tokyo yesterday to begin talks on “important challenges” facing the Japanese economy including the problem of the
      592 words
    • Article, Illustration
      Lock icon Economy hurt by yen rise, deflation: BOJ governor
      571 2 Central bank will take appropriate steps, he adds Reuters [TOKYO] Bank of Japan (BOJ) governor Masaaki Shirakawa said yesterday that he acknowledges that the economy is in a severe situation due to deflation and a strong yen, signalling the central bank’s readiness
      Reuters  -  571 words
    • Article, Illustration
      Lock icon From a long to impossible wait for carpark spaces
      564 3  -  CapitaGreen to have only about 180 lots, against 6,000-7,000 occupants By MICHELLE TAN [SINGAPORE] Apply for a season carpark lot while you still can, as attaining a coveted spot at one of the most popular parking facilities in Raffles Place Golden
      564 words
    • Article
      Lock icon China growth may be halved if Europe crisis worsens: IMF
      439 3 Bloomberg [BEIJING] China’s economic expansion would be cut almost in half if Europe’s debt crisis worsens, a scenario that would warrant “significant” fiscal stimulus from the nation’s government, the International Monetary Fund (IMF) said. Based on the IMF’s “downside” forecast
      Bloomberg  -  439 words
    • Article, Illustration
      Lock icon More switching to non-HDB homes
      393 3  -  ECs notch sharpest spike in demand from upgraders By MICHELLE TAN [SINGAPORE] More are making the switch to non-HDB homes, with executive condominiums (EC) being the top alternative pick, says R’ST Research. In fact, the number of Housing and Development Board flat dwellers purchasing non-HDB
      Source:  -  393 words
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      124 words
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      151 3 < r <£$ i G ri 3 1 r k Y :f V xS' Karrie Webb Defending Champion of HSBC Women's Champions 2011 37 LPGA victories HSBC <1> Women's Champions 23rd 26th February 2012 Tanah Merah Country Club At HSBC, we see beauty in challenges that lie ahead. Tomorrow is
      151 words
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  • BT BUDGET ROUNDTABLE
    • Article
      Lock icon Fresh property curbs not expected
      482 4  -  Market watchers see S&C, property tax rebates By TEH SHI NING FRESH property curbs are unlikely in the upcoming Budget, especially with the market still digesting the hefty additional buyer’s stamp duty (ABSD) on foreign buyers, introduced in December. The ABSD may be tweaked by
      482 words
    • Article, Illustration
      Lock icon Budget in a year of pain and change
      3030 4 BUDGET 2012 comes at a time when the economy is overcast with uncertainty. However, the five participants of The Business Times’ Pre-Budget Roundtable think this year’s Budget will be one focused on the long-term, one that will not spare businesses the pain
      3,030 words
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      Lock icon Page 5 Advertisements Column 1
      535 5 EVEN BETTER THAN THE BEST E*TRADE MOBILE*PRO E t-TRADE' MOBILE PRO Streaming CSKJ Quotes Stream Streaming Enter Order Stocks -2672 Securities FMCG Get Quotes DOW NASDAQ S&P 500 Last -hange Wu m Change Net Account Value Cash AvaJaOl* for Investment Bid (Size) 3.07 »-25 x 1000 o!oo7o kh-km MCD Ask
      535 words
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      166 5 uV I 'S 'V .-V.'?"' I World s Finest Serviced Offices A cost effective Serviced Office solution Best address, best receptionist, best IT and support Flexible lease terms starting from one month For less than the cost of a secretary We help businesses succeed Call to arrange a personal tour
      166 words
  • COMPANY NEWS
    • Article, Illustration
      Lock icon SembMarine bags US$792.5m contract in Brazil
      430 5  -  Deal to build drillship paves way for more from Sete Brasil; opens wider market for SembMarine By LYNN KAN SEMBCORP Marine bagged a US$792.5 million contract from Sete Brasil to build a drillship, setting the stage for more units to come from the Petrobras-backed
      FILE PHOTO  -  430 words
    • Article
      Lock icon Swiber’s latest wins maintain order book at over US$1b
      379 5  -  It bags US$216m in Asian deals and US$38m Middle East contract via joint venture By CERELIA LIM SWIBER Holdings is off to a strong start this year, propelled by contract wins worth some US$216 million and a separate US$38 million milestone
      379 words
    • Article
      Lock icon Noble names former Goldman Asia chief Yusuf Alireza as CEO
      406 5 Reuters [SINGAPORE] Singa-pore-listed commodities firm Noble Group Ltd named a former Goldman Sachs top Asian banker as its chief executive officer as it seeks to ease worries over a spate of senior-level departures. Yusuf Alireza will take charge as the
      Reuters  -  406 words
    • Article
      Lock icon Big drop in balance sheet strength of Asian firms
      442 7  -  ‘Clear negative bias’ as 8 firms saw outlook changes in January: Moody’s By KENNETH LIM THE strength of Asian corporate balance sheets deteriorated in January at the greatest monthly rate since the peak of the global financial crisis, according to Moody’s
      442 words
    • COMPANY BRIEFS
      • Article
        Lock icon A-Reit to buy Cintech properties for $183m
        125 7 ASCENDAS Funds Management (S) Ltd, the manager of Ascendas Real Estate Investment Trust (A-Reit), has announced the trust’s proposed acquisitions of Cintech I, Cintech II, Cintech III and Cintech IV at Science Park Drive, for a total purchase consideration of $183 million. The
        125 words
      • Article
        Lock icon CSE profits hit by late approvals for plans
        102 7 CSE Global Ltd, which earlier forecast its 2011 fourth-quarter performance to be better than those of Q3 2011 and Q4 2010, is now expecting Q4 2011 profit after tax to be about 7 5 per cent of its third-quarter earnings. CSE said
        102 words
      • Article
        Lock icon Armarda expects Q4 to stay in the red
        64 7 ARMARDA Group Ltd said it expects to remain in the red for the fourth quarter ended Dec 31, 2011. The group attributes the loss to low contributions from sales and an increase of professional expenses in ongoing corporate actions and projects. Its
        64 words
      • Article
        Lock icon GuocoLeisure Q2 profit falls 33.5%
        104 7 GUOCOLEISURE Ltd posted a net profit of US$12.7 million for the second quarter ended Dec 31, 2011, a 33.5 per cent year-on-year decline from US$19.1 million. Revenue dipped 5.1 per cent to US$92.9 million from US$97.9 million a year ago. Earnings per share slipped to
        104 words
      • Article
        Lock icon Tee Int’l seals new deals worth $12.7m
        97 7 TEE International Ltd has, through a subsidiary and associate companies, secured five new projects worth a total of $12.7 million. The new contracts bring the company’s outstanding book order to $292.3 million for its engineering segment. The contracts are won by wholly owned
        97 words
    • Article
      Lock icon DBS confident of doing ‘reasonably well’ this year
      589 7  -  Greater China could account for one-third of revenue in near future By EMILYN YAP in Taipei DBS Group believes it can do well this year and even hopes to beat last year’s performance, notwithstanding the tough economic environment. Its growing business in
      589 words
    • Article
      Lock icon Some earnings surprises seen
      486 8  -  Among DMG picks: Orchard Parade, Hiap Hoe, LMA to post record results By JASMINE NG WHILE analysts are expecting lacklustre numbers from companies this reporting season, DMG highlights a number of less covered stocks that are likely to deliver positive earnings surprises. Orchard Parade, Hiap Hoe,
      486 words
    • Article
      Lock icon China approves HK ETF trial in Shenzhen
      370 8 Report says overseas yuan investment under RQFII to be allowed Bloomberg [SINGAPORE] The China Securities Regulatory Commission has approved a plan to start ex-change-traded funds tracking Hong Kong stocks and offshore yuan investment in Shenzhen by qualified foreign institutional investors, Caixin Online reported,
      Bloomberg  -  370 words
    • Article, Illustration
      Lock icon Healthzone write-off hits Eu Yan Sang
      709 8  -  TCM retailer group posts net loss of $2.78m for second quarter By KENNETH LIM EU Yan Sang International fell into a second-quarter loss as it wrote off its equity investment in failed Australian retailer Healthzone and took a sobering relook at expansion plans in
      FILE PHOTO  -  709 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Greek worries cap stock gains
      618 6  -  Pressure over Greece’s failure to reach bailout deal drags STI down from intraday high STOCKS R SIVANITHY Senior Correspondent TRADING opened with a bang yesterday in the wake of Friday’s jump in Western markets but as the day wore on, pressure set in, most likely
      Source: Bloomberg  -  618 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 4 1 0 0 0 12 4 1 Manufacturing 100 42 42 10 8 6 110 50 48 Commerce 36 15 16 6 1 4 42 16 20 Tpt/Stor/Comms 21 8 11
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 47,330 47,330 139,712 139,712 Manufacturing 562,437 123,818 686,255 347,028 1,414 348,442 Commerce 354,295 24,188 378,483 231,392 1,579 232,971 Tpt/Stor/Comms 199,900 39,857 239,757 255,985 6,482 262,467 Finance 30,745 25 30,770 151,547 3 151,550 Construction 488,833 36,622
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 6 Stock name Close Change CapMallsAsia 1.370 +0.025 CapitaLand 2.700 +0.050 CapitaMall 1.740 +0.020 CityDev 10.260 +0.120 ComfortDelGro 1.460 DBS Grp 13.430 +0.030 F&N 6.650 -0.010 GLP 2.020 +0.040 Genting SP 1.640 +0.015 Golden Agri 0.760 +0.020 HK Land 5.190 +0.080 JMH 53.670 +1.270 JSH 31.380 +0.150
      111 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Feb 6 VALUE CLOSE BT OB/OS 1265.00 +102.0 BT CADI -*****.00 +218.0 BT 10-day MA -*****.00 +127.0 FTSE ST Mid Cap 663.54 +5.30 FTSE ST Small Cap 457.46 +4.81 FTSE ST All Share 709.09 +5.52 FTSE ST China Top 225.51 +2.79 FTSE ST China 256.64 +2.77 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      56 6 VOLUME UniFiber 277,132,000 Golden Agri 202,666,000 Genting SP 120,019,000 AdvanceSCT 114,211,000 Noble Grp 107,001,000 Artivision 102,303,000 Yoma 99,080,000 GMG Global 89,200,000 MDR 86,852,000 See Hup Seng 78,856,000 VALUE($) Genting SP 198,035,703 Noble Grp 154,831,820 Golden Agri 154,666,030 Keppel Corp 103,838,432 SingTel 79,798,400 SembMar 61,892,216 SGX 55,118,540 Wilmar
      56 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      881 6  -  Compiled by LYNN KAN Singapore banks DBS GROUP RESEARCH, Feb 6 AFTER the strong loans growth of 8 per cent a quarter in Q2 2011 and Q3 2011, (9M11 YTD: 22 per cent), we expect loans growth to moderate in Q4 2011. With loans expected to expand 4
      Source: Bloomberg  -  881 words
    • Article, Illustration
      Lock icon Asian units pull back on growth-risk fears
      470 6 CURRENCIES Bloomberg [SINGAPORE] Asian currencies snapped a four-day advance on concern recent gains underestimated the risks to global growth from Europe’s still unresolved debt crisis. The Thai baht, India’s rupee and the South Korean won led losses on speculation importers are buying the
      Bloomberg; AP  -  470 words
    • Article
      Lock icon RISES
      108 6 BY CENTS CLOSE UP JMH 5367 158.2 2.4 Lyxor AsiaIT 10US$ 2641 119.6 3.8 Lyxor Nasdaq100 10US 1006 95.9 8.3 DBXT MSTHAI 10US$ 1723 36.1 1.7 Lyxor India Nifty 10 1380 30.0 2.2 UOB 5.05%NCPS 100 ***** 30.0 0.3 SGX.ES.1202 694 25.0 3.7 DBXT MSAsExJp 10US$ 3109 23.7 0.6
      108 words
    • Article
      Lock icon FALLS
      126 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -493.1 -2.3 DBXT MSKorea 10US$ 5701 -92.2 -1.3 DBXT FTVietnam 10US$ 2238 -47.3 -1.7 DBXT S&P Short 10US$ 3906 -44.8 -0.9 Jardine C&C 5081 -43.0 -0.8 OCBC Bk 5.1%NCPS 100 ***** -40.0 -0.4 F&N.ES.1202 669 -20.0 -2.9 DBXT MSINDO 10us$ 1527 -19.9
      126 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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      89 7 Trade gold, silver and oil with tight spreads, 24 hours a day. <s> Wl V y-A? JS? I Go long or short on a wide range of commodities: metals, energies and softs. SGD-denominated contracts available to remove currency exposure. Optimum protection for client funds, held in Singapore in a top-tier
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      843 8 *1 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices SITRA HOLDINGS (INTERNATIONAL) LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****1237E) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meanings as used in the Circular dated 7 February 2012 issued
      843 words
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      Lock icon Page 8 Advertisements Column 2
      326 8 InvestorRelationsHighlights Corporate Updates on Mermaid Marine PLC Mermaid is an Thailand based provider of drilling and subsea engineering services for the offshore O&G industry with an international marketing office in Singapore as well as fully operating subsidiaries across the SE Asia region and the Middle East. The company’s subsea assets
      326 words
  • Page 8 Miscellaneous
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      252 9 o Qii^lnpTiPj 11 1 I BiHHPl 1 ~r i-~x.j- HIM bS1^\ *-.-7 r- r < V 8 r 'i k# ii vi P i'. r&i v. IPH f I V N r-' SE v~ >4 fc»n-rr A N 2B>1 /■a -r X n. X <> r: r ''it.',? L 3*
      252 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Most workers to get 3-6% pay rise this year: survey
      446 10  -  Expected hikes are attributed to Asia’s economy remaining resilient By EVE YEO SINGAPORE workers can look forward to an average pay increase of 3-6 per cent this year, according to the 2012 Hays Salary Guide. In a survey of more
      AFP  -  446 words
    • Article, Illustration
      Lock icon Brisk sales at Tampines Trilliant and Parc Rosewood launches
      371 10  -  By MINDY TAN MASS market projects continue to gain traction in sales, with Tampines Trilliant and Parc Rosewood boasting brisk sales. At Sim Lian Group’s 670-unit Tampines Trilliant, 149 units were snapped up during its weekend launch, with 32 of the
      371 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon NHG accredited for clinical research
        64 10 THE National Healthcare Group (NHG) has been accredited by the Workforce Development Agency (WDA) as an Approved Training Organisation (ATO) for clinical research education. This makes NHG the first and only public healthcare institution in Singapore to be accredited under the Workforce Skills Qualification (WSQ)
        64 words
      • Article
        Lock icon Prudential launches first-to-market portal
        48 10 PRUDENTIAL Singapore has introduced Pruinvest, a first-to-market portal to enhance the experience for single premium, investment-linked life insurance policy customers. Other than convenient access to their fund portfolios, the portal offers customers bonus units as reward when they use it to top-up their policies.
        48 words
    • Article
      Lock icon Aware calls for more spending on women’s support, social programmes
      373 10  -  ‘Inclusive Budget’ required to meet women’s needs By JASMINE NG A PART of a husband’s CPF funds should be deposited into his stay-at-home wife’s Medisave account, the Association of Women for Action and Research (Aware) proposed yesterday for the upcoming
      373 words
    • Article
      Lock icon ITE, Natas in tourism tie-up
      217 10 ITE and the National Association of Travel Agents Singapore (Natas) signed a Memorandum of Understanding (MOU) last Friday to provide training, bursaries, book prizes and industrial attachment opportunities for ITE students who are pursuing certification in the tourism field. This comes at a time when
      217 words
    • Article
      Lock icon MBS, RWS fined for screening, security breaches
      325 10  -  44 instances of lapses including admitting minors By MINDY TAN MARINA Bay Sands (MBS) and Resorts World at Sentosa (RWS) were fined $255,000 and $130,000 by the Casino Regulatory Authority of Singapore (CRA), respectively, for 44 instances of lapses in their security and
      325 words
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  • SMEInc
    • Article, Illustration
      Lock icon All in a day’s work
      1221 11  -  Freshdirect co-founder Desmond Lee believes in instilling a sense of pride in his staff, reports EVE YEO EMBRACING PRODUCTIVITY AND INNOVATION reportsEVE reportsEVE YEO LOCAL premium produce supplier Freshdirect is a perfect example of how mechanising seemingly simple processes can go a long way to
      ARTHUR LEE  -  1,221 words
    • Article, Illustration
      Lock icon Singapore geared up to be leading innovation hub
      928 11  -  Education system, policies and govt are key indicators By BRYAN KOH SINGAPORE has what it takes to be a hotbed for entrepreneurship and innovation, says Michael Song, professor of marketing at the Bloch School of Management, University of Missou-ri-Kansas City. He believes
      928 words
    • Article, Illustration
      Lock icon Six steps to global sales success
      1180 12  -  Focus on what’s important any sales team needs to spend more of its time selling, and less on distractions COMMENTARY By BOB GAUDREAU The writer is global sales director at Regus S any CEO or business owner knows, good salespeople are a rare commodity,
      STOCK.XCHNG  -  1,180 words
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      1063 12 HAVE a pressing question about a business related issue that your company is facing? Professors from the Singapore Management University (SMU) will provide their expert advice and answers to your queries on a fortnightly basis. All you need to do is shoot us an e-mail with your query at btnews@sph.com.sg
      1,063 words
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  • EMERGING ENTERPRISE
    • Article, Illustration
      Lock icon Keeping a well-honed edge
      954 13  -  Tap CET (Continuing Education and Training) for continual improvement, says JAMES TAY JAMES TAY The writer is director ofNUS Extension A KNOWLEDGE-BASED economy is one in which the production, distribution and use of knowledge are the main drivers of growth, wealth-creation and employment for all industries.
      REUTERS  -  954 words
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      221 13 Emerge as this year's top business player The Emerging Enterprise Award returns to recognise Singapore's most enterprising SMEs. Once again, up to three SMEs will each receive S$390,000 in prizes comprising an interest-free loan, professional services, training programmes and support in capability development. The two winners of the "Best Innovation
      221 words
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  • ECONOMY WATCH
    • Article
      Lock icon Op Twist pays off in corporate bond mkt
      619 14 Fed’s programme is helping borrowers cut interest rates to record lows Bloomberg [NEW YORK] Federal Reserve chairman Ben S Bernanke’s Operation Twist is paying dividends in the corporate bond market. The central bank’s programme to extend the average maturity of debt in
      Bloomberg  -  619 words
    • Article, Illustration
      Lock icon Aussie retail sales suffer surprise dip in Dec
      738 14 Reuters [SYDNEY] Australian retail sales slipped unexpectedly in December as consumers spent less on food and eating out, a soft end to a subdued quarter for shops and another reason to expect a cut in interest rates this week. Y e s
      Reuters; AFP FILE PHOTO  -  738 words
    • Article
      Lock icon Demand rises as Japan debt nears quadrillion yen
      590 14 Latest debt sale sees bids for 3.72 times the 2t yen offered Bloomberg [TOKYO] Demand has risen at every note and bond auction in Japan this year, helping the nation maintain the world’s second-lowest borrowing costs on a debt burden poised to
      Bloomberg  -  590 words
    • Article
      Lock icon Philippines’ reserve cut to release 100b pesos to system
      388 14 Reuters [MANILA] The Philippine central bank will release about 100 billion pesos (S$2.9 billion) into the financial system when a three-percentage-point cut in banks’ required reserves takes effect in April, but the move should not be inflationary, a senior official said.
      Reuters  -  388 words
    • Article
      Lock icon Bank of England expected to announce more easing to shore up recovery
      889 14 British bank lending set to shrink, spurring shift towards ‘payday’ loan firms Reuters [LONDON] The Bank of England looks set to plough on with one more round of quantitative easing this week to shore up Britain’s recovery, despite
      Reuters  -  889 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Indonesia GDP grows fastest since 1996
      593 15 The country has outperformed neighbours including Thailand, Philippines Bloomberg [JAKARTA] Indonesia’s economy grew last year at the fastest pace since before the Asian financial crisis as rising investment and domestic spending countered a slowdown in export demand due to Europe’s debt crisis. Gross domestic
      Bloomberg; BLOOMBERG  -  593 words
    • Article
      Lock icon Mutual funds may grow 20% in Indonesia
      514 15 Bloomberg [JAKARTA] Indonesian mutual fund assets will probably expand at a faster pace this year as overseas investors increase stock purchases after the country regained its investmentgrade rating, an industry group says. Mutual fund assets may grow as much as 20 per cent
      Bloomberg  -  514 words
    • Article
      Lock icon Hong Leong Investment Bank to expand in region
      336 15 [KUALA LUMPUR] Hong Leong Investment Bank (HLIB), which is in the process of merging with MIMB Investment Bank, plans to grow its regional presence especially in Hong Kong and greater China, reported local media. “When we look at the region, we look
      336 words
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      134 15 r We believe uncertainty creates opportunity. While many investors are puzzled by today’s dynamic markets, we believe these conditions can create long-term investment opportunities. Throughout our history, J.P. Morgan Asset Management’s global network has been focused on helping clients navigate the investment maze. You, too, can turn times of uncertainty
      134 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Chinese sales spell tougher year ahead for luxury brands
      730 16 Holiday sales grow 16%, the slowest pace since 2009 financial crisis Bloomberg [HONG KONG] Chinese shoppers on their New Year holiday were less lavish than expected by Hong Kong jewellers, curbed spending on beauty brands and slowed spending at South Korean
      Bloomberg; AFP  -  730 words
    • Article, Illustration
      Lock icon China set to overtake US as EU’s top export market
      422 16 AFP [BEIJING] The EU ambassador to China said yesterday the Asian powerhouse could become Europe’s biggest export market this year, overtaking the United States, as Beijing boosts domestic demand. “There are indications that in 2012, China may become Europe’s biggest
      AFP  -  422 words
    • Article
      Lock icon Danger to India’s stable rating outlook: S&P
      284 16 Reuters [MUMBAI] India is facing challenges to keep its stable rating outlook with high inflation, a weak fiscal position and slower economic growth weighing, Standard Poor’s rating service said yesterday. “The balance of risk factors for the sovereign credit rating may be shifting
      Reuters  -  284 words
    • Article
      Lock icon Google, Facebook move to block offensive content
      460 16 Online giants told to develop mechanism to screen content Reuters [NEW DELHI] Internet giants Google Inc and Facebook removed content from some Indian domain websites yesterday following a court directive warning them of a crackdown “like China” if they did not take steps
      Reuters  -  460 words
    • Article
      Lock icon China poised to launch junk bond market
      528 16 Reuters [BEIJING] China may launch a junk bond market as early as this month or next, local media said yester a move that could expand access to credit for small, private firms now largely shut out of China’s state-dominated financial system. The China
      Reuters  -  528 words
    • Article
      Lock icon China police detain director of Liren Education Group
      345 16 Company had accumulated 2.2b yuan in debt AFP [BEIJING] Police in eastern China detained the director of an education group that accumulated 2.2 billion yuan (S$435 million) in debt, as the country cracks down on private lending. Dong Shunsheng, whose Liren Education
      AFP  -  345 words
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  • WORLD
    • Article
      Lock icon Europe’s debt crisis claims another head
      689 17 Romanian PM quits amid public anger; new figures show EU debt rose in Q3 AP AFP Reuters [BRUSSELS] Romania’s government collapsed yesterday following weeks of protests against austerity measures as it emerged that Europe’s debt in late 2011 stood well above the EU’s limits
      AP; AFP; Reuters  -  689 words
    • Article, Illustration
      Lock icon Thousands flee as floods hit Australia’s northeast
      455 17 LAT-WP [SYDNEY] Thousands of Australians have fled their homes as floodwaters engulfed parts of the country’s northeast, damaging properties and ravaging crops a year after natural disasters cost the economy about A$9 billion (S$12 billion). St George, a town of about 3,000 people
      LAT-WP; REUTERS  -  455 words
    • Article, Illustration
      Lock icon European banks face market scrutiny
      855 17 Their capital, Greek debt write-downs must be adequate Reuters [LONDON] Markets will punish European banks that fail to write-down their Greek debt adequately or don’t tell investors how they will boost their capital buffers by June, auditing firms say. Greece let another deadline slip yesterday
      Reuters; AP  -  855 words
    • Article
      Lock icon Banks outsmart new metals storage rules
      712 17 Reuters [LONDON] Banks and trading houses have found a way to beat the ravages of economic downturn, storing millions of tonnes of metal with a business model that outsmarts new rules put in place following widespread concern about their practices. As of April 1
      Reuters  -  712 words
    • Article, Illustration
      Lock icon Wall St’s best start in 25 years fails to boost confidence
      932 18 Pessimism taking toll on securities industry, with over 200,000 jobs lost Bloomberg [NEW YORK] The Standard Poor’s 500 Index’s best start in 25 years is doing little to restore Americans’ confidence in the stock market. The benchmark gauge for
      Bloomberg; BLOOMBERG  -  932 words
    • Article, Illustration
      Lock icon Thailand plans to extend rice intervention scheme
      433 18 Reuters [BANGKOK] Thailand, the world’s biggest rice exporter, plans to extend its rice intervention scheme to the end of July to support prices during the harvest of the second crop of the grain, a senior official said here yesterday. “The commerce ministry has
      Reuters; REUTERS  -  433 words
    • Article
      Lock icon Vodafone ends merger talks with Greek firm
      559 18 Move throws into doubt consolidation elsewhere in Europe Reuters [LONDON] Vodafone has abandoned plans to merge its operations in Greece with Wind Hellas, in a major blow to the debt-laden smallest operator and throwing into doubt consolidation elsewhere in Europe. Vodafone chief executive
      Reuters  -  559 words
    • WORLD BRIEFS
      • Article
        Lock icon Julius Baer’s full-year profit declines 27%
        170 18 Bloomberg [GENEVA] Julius Baer Group, the Swiss wealth manager founded in 1890, said full-year profit declined 27 per cent. Net income fell to 258 million francs (S$348 million). Profit dropped after the Zurich-based bank paid Germany 50 million euros (S$81 million) to end an
        Bloomberg  -  170 words
      • Article
        Lock icon Suzuki Motor’s net profit falls 4.7%
        145 18 AFP [TOKYO] Japan’s Suzuki Motor said yesterday its net profit fell 4.7 per cent for the nine months to December and downgraded its annual sales forecast due to the impact of a strong yen and a slump in India. The Japanese motorcycle and small
        AFP  -  145 words
      • Article
        Lock icon Queen Elizabeth marks 60 years on the throne
        134 18 Reuters [LONDON] Queen Elizabeth celebrated 60 years on the throne yesterday to become the second British monarch to reach that milestone. Elizabeth II, 85, became queen aged 25 on Feb 6, 1952 on the death of her father George VI. The queen
        Reuters  -  134 words
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  • Page 18 Advertisements
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      36 18 Online shopping booststotal numberof creditcards tocloseto million7 shopping boosts total number of credit cards to close to million I a, To subscribe, call 6388-3838 or go to sphsubscription.com.sg To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • AVIATION
    • Article
      Lock icon Qantas warns of rating cut if law is changed
      549 19 CEO warns against forcing airline to move some of its facilities onshore Bloomberg [SYDNEY] Qantas Airways Ltd, Australia’s biggest carrier, said it may be forced to sell its Jetstar unit and could lose its invest-ment-grade credit rating if Australia changes laws
      Bloomberg  -  549 words
    • Article, Illustration
      Lock icon China bars airlines from EU emissions levy plan
      631 19 Bloomberg [HONG KONG] China, home to the world’s fastest growing aviation market, banned airlines from taking part in a European Union carbon-emissions system designed to curb pollution, saying the program violates international rules. The system contravenes the United Nations Framework Convention on
      Bloomberg; AFP  -  631 words
    • Article
      Lock icon Aviation strike kicks off in France
      282 19 AFP [PARIS] French airports announced some cancellations and delays on the first day of a four-day strike by aviation workers on Monday but flight disruptions were limited. At Paris’ Charles de Gaulle and Orly airports, officials said airlines had on Sunday preventively cancelled 126
      AFP  -  282 words
    • Article, Illustration
      Lock icon Boeing orders checks on Dreamliners
      460 19 Fault found on 787 jet poses no safety concern, it says Bloomberg [DALLAS] Boeing ordered inspections of 787 Dreamliners after finding signs of delamination on the fuselage of the first passenger jetliner built chiefly of car-bon-fibre composites. There is no “short-term safety concern” from the
      Bloomberg; AP  -  460 words
    • Article
      Lock icon Heathrow returning to normal after disruptions
      262 19 AFP Bloomberg [LONDON] London’s Heathrow Airport returned almost to normal yesterday after heavy snow forced hundreds of flight cancellations over the weekend, leaving thousands of passengers stranded. “Heathrow is open and our usual flight schedule is operating today,” said a statement from the airport,
      AFP; Bloomberg  -  262 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      281 19 CRYPTIC CROSSWORD Across 7 Charming young lady broadcasting (8) 9 Rest from worries, losing head (6) 10 Cook embracing a brawl (4) 11 Alas, senile, no longer holding back solitude (10) 12 Heavy overdose by heartless guy on street (6) 14 Almost went out as Government leader spoke (8) 15
      281 words
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  • Article
    Lock icon The Business Times Shipping Times
    2371 20 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 UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination Destination STXPO
    2,371 words
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  • SHIPPING
    • Article
      Lock icon US bid to sanction Iran oil, tankers may bite buyers
      758 21 It could make some unwilling to comply, strain the coalition against Iran Bloomberg [WASHINGTON] A US proposal to sanction Iran’s state-owned oil company and its main tanker fleet may ensnare any person or business in the world involved in purchasing
      Bloomberg  -  758 words
    • Article, Illustration
      Lock icon Venice rebels against cruise ship intrusions
      632 21 AP [VENICE] It’s a matter of perspective. From aboard a 12-deck cruise liner, the sight of St Mark’s Square, the Doge’s Palace and Bridge of Sighs gliding past from a cabin balcony is a breathtaking thrill. But against the backdrop of Venice’s storied canals
      AP; AFP  -  632 words
    • Article
      Lock icon Norden hires Supramax ship at zero cost
      276 21 Bloomberg [LONDON] D/S Norden A/S, Europe’s biggest publicly trading commodity shipping company, hired a Supramax vessel at no cost other than fuel charges, its first such transaction in a quarter century. The carrier is currently off the Spanish coast, Jens Peter Skaarup, a
      Bloomberg  -  276 words
    • Article
      Lock icon TRANSPORT STOCKS
      260 21 SGX '000 Feb 6 S$ +/-Vol CH Offshore 0.39 0.01 133 Chuan Hup Hldg 0.22 -0.01 180 Cosco Corp 1.19 0.01 ***** s$ Ezra Hldgs 1.17 0.04 ***** First Ship Lea 0.20 unch 2193 Freight Links 0.07 unch 4148 Grand Banks unch unch 0 Jaya Hold Ltd 0.57
      260 words
  • Page 21 Advertisements
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      Lock icon Page 21 Advertisements Column 1
      29 21 I FREIGHT I FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The Business Times TO ADVERTISE, CALL JOE WONG AT 9620 1327
      29 words
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      Lock icon Page 21 Advertisements Column 2
      34 21 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. THE BUSINESS TIMES Shipping times Legal services required by shippers owners Can they find your services here in the Shipping Times?
      34 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon Beef up the Productivity & Innovation Credit scheme
      1106 22  - Beef up the Productivity Innovation Credit scheme Make claims easier and faster; raise the cash value; and widen the expenditure net By HARVEY KOENIG, HO KAH CHUAN The writers are respectively partner and senior manager of tax services at KPMG in Singapore IT HAS been two years since the government
      FILE PHOTO  -  1,106 words
    • Article, Illustration
      Lock icon Out of persecution, a perverse story of survival
      779 22  - Out of persecution a perverse story of survival THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 MORE than 45 years ago, Chairman Mao Zedong launched the tumultuous Great Proletarian Cultural Revolution, which led to the destruction of millions of
      779 words
    • Article
      Lock icon US barking up the wrong tree
      521 22 EDITORIAL SINGAPORE the third largest global oil refining and trading centre came in the crosshairs of the US last month, with the governor of Hawaii accusing speculators here of controlling the state’s energy prices, and the US State Department singling out local trader Kuo
      521 words
    • Article, Illustration
      Lock icon US more worrying than Europe
      1167 23  -  The way out of the slump is ‘you spend what you earn’ and not ‘you spend what other people will lend you’ By JOERGEN OERSTROEM MOELLER The writer is visiting senior research fellow, Institute of Southeast Asian Studies, Singapore and adjunct professor, Singapore Management University
      AP  -  1,167 words
    • Article, Illustration
      Lock icon New job numbers could be a political ‘game changer’
      906 23  -  LEON HADAR Washington Correspondent WHILE addressing new economic numbers showing 243,000 new American jobs in January including 50,000 manufacturing jobs US President Barack Obama seemed to be going out of his way to contain the expected enthusiasm manifested on the same
      AP  -  906 words
    • Article
      Lock icon Put decision-makers closest to the coal-face
      721 23  -  By JUSTIN WOOD The writer is director, South-east Asia, Economist Corporate Network, a membership-based briefing and networking service from The Economist Group ASIA’S boom looks set to continue, but there are important warning bells for executives in Singapore and the other economies of South-east
      721 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2891 24 Transaction date: Feb 6 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 101xd +2 871 101 98.5 99 100 2 10.2 448.3 Net M
      2,891 words
    • Article
      Lock icon SGX CATALIST
      183 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 Vol 1 0.2 t Advanced System 0.5 -0.1 ***** 0.6 0.4 0.4 0.5 16.7 8.3 Last Quote Div Gr Yld Net M Cap
      183 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7102 25 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mat Asia Limited Asian Smaller Cos 1
      7,102 words
    • Article
      Lock icon GLOBALQUOTE
      205 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 55.5 34 AVJennings A39.5 +0.5 4 39.5 39.5 38 46 3.6 8.9 3.2 102.9 46 25.5 Genting HK US$ US36.5 +0.5 ***** 37.5 36 36 36.5 2403.3
      205 words
    • Article
      Lock icon SGX ETF
      810 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 1261 856 CIMBAsean40 100US$ US1037 +5 0 1047 1037 1049 41.5 ***** ***** DBXT AUD Bonds 5AU$ A***** ***** ***** 45.9 ***** ***** DBXT AUDCS 5AU$
      810 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Feb 3 Index Change Change Change Change Change Change World Preliminary 885.8 1.1 6.8 0.7 3.1 1.0 7.6 EAFE Preliminary 726.9 1.0 6.6 0.4 3.7 0.7 8.3 Europe Preliminary 1101.3 1.6 7.3
      373 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 26 CRUDE OIL PRODUCTS Feb 3 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 112.55 1.13 WTI (Near Mth) 97.53 0.84 Dubai (1-Mth F) 109.78 1.11 Tapis blend 119.37 1.10 Minas 118.17 1.10 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 107.39 -0.05 Jet Kerosene 127.75 0.55 US$/barrel Opec Oil
      77 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      89 26 As on 3 February 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT APR2012 1765.40 1736.30 1740.60 347 CURRENCY AUD-USD FUT MAR2012 1.0722 1.0636 1.0737 229 EUR-USD FUT MAR2012 1.3214 1.3068 1.3149 4414 USD-JPY FUT MAR2012 76.52 76.15 76.54 113 BASE METAL
      89 words
    • Article
      Lock icon SGX FUTURES
      160 26 Feb 6 SICOM RUBBER Futures (Closing prices) RSS 3(US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 12 410.0 406.0 406.0 48 270 Apr 12 415.0 415.0 415.0 4 118 May 12 419.1 419.1 419.1 8 244 Jun 12 420.5 228 Jul 12 421.0 128
      160 words
    • Article
      Lock icon LONDON METALS
      65 26 Feb 3 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2209.25 2158.75 3 months 2247.00 2195.00 Copper, Grade A(US$/tonne) Cash 8539.00 8322.25 3 months 8565.00 8345.00 Lead(US$/tonne) Cash 2193.50 2133.00 3 months 2225.00 2164.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.50 *****.00 3 months
      65 words
    • Article
      Lock icon CHICAGO BOT
      107 26 Feb 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 12 1232.50 1217.00 1236.50 1214.00 May 12 1240.75 1225.50 1244.50 1223.00 Jul 12 1250.25 1235.00 1253.50 1231.75 Aug 12 1248.00 1232.75 1250.00 1235.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 12 51.65
      107 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      82 26 Feb 6 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 10-May-12 0.34 0.3 0.3 1-Year BY*****W 01-Nov-12 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 99.92 5-Year N*****0W 1.125 01-Apr-16 102.5 102.65 102.65
      82 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      442 26 Feb 6 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.5650 0 1350 Jun12 99.5600 0 1249 Sep12 99.5450 0 730 Dec12 99.5250 0 870 EUROYEN TIBOR FUTURES Mar12 99.6650 0 1841 Jun12 99.6650 0 1433 Sep12 99.6625 0 679 Dec12 99.6575 0 117 Mar13 99.6550
      442 words
    • Article
      Lock icon LIFFE
      80 26 Feb 3 COCOA (£/tonne) Close Prev High/Low Mar 12 1502 1449 1525/1438 May 12 1518 1465 1539/1456 Jul 12 1533 1480 1553/1473 Sep 12 1543 1491 1560/1484 COFFEE(US$/tonne) Close Prev High/Low Jan 12 1837 1800 1853/1814 Mar 12 1864 1826 1876/1840 May 12 1892 1854 1902/1869 Jul 12 1918
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1239 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 130 33.00 27 Prem Baker Technology Ltd W*****6 3.6 0.1 50 1 32 15 8.61 9 Best World Intl Ltd W*****5 2 1 30 86
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 26 Feb 6 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.069 6.775 0.820 8.324 52.296 96.552 0.822 12.031 3.232 1.290 97.153 45.689 1.337 8.140 0.990 31.761 33.190 0.680 1.073 Canada 0.936 6.339
      470 words
    • Article
      Lock icon SIBOR
      55 26 Feb 6 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 6 mths 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates (S$) i
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    • Article
      Lock icon PRECIOUS METALS
      138 26 Feb 6 GOLD(US$/oz) Feb 06 Feb 03 Hong Kong 1728.60 1767.50 Feb 03 Feb 03 Feb 02 London 1742.04 1758.86 1743.76 1759.63 Source: Thomson Reuters CAST BAR Feb 06 (S$) Selling Buying Kilobar "74,182.03" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 166 69 5gm 472 346 10gm
      138 words
    • Article
      Lock icon PALM OIL
      60 26 Feb 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 12 3050.0 3052.0 3063.0 3048.0 77 546 Mar 12 3074.0 3082.0 3082.0 3049.0 1709 9342 Apr 12 3066.0 3085.0 3085.0 3050.0 ***** ***** May 12 3060.0 3080.0
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    • Article
      Lock icon STOCK INDEX FUTURES
      24 26 Feb 6 Open High Sett STI Feb 2940.0 SIMSCI Feb 336.2 340.4 337.3 Taiwan Feb 276.9 278.2 274.9 Source: SGX Derivatives
      24 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 26 Feb 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3361 1.3375 1.0729 1.0739 Canadian dollar 1.2504 1.2513 1.0041 1.0046 Euro 1.6301 1.6309 1.3090 1.3094 NZ dollar 1.0355 1.0369 0.8315 0.8325 Sterling pound 1.9647 1.9654 1.5777 1.5780
      154 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      24 26 Feb 6 S$ Bid Offer 1-month 1.2453 1.2455 2-months 1.2452 1.2455 3-months 1.2449 1.2451 6-months 1.2430 1.2437 Source: OCBC Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Feb 06 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.368 1.303 Can dollar 1.276 1.227 Euro 1.662 1.599 Sterling pound 2.004 1.927 NZ dollar 1.066 1.016 US dollar 1.263 1.215 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 26 Feb 6 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.02 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.55 0.35 3 months 0.70 0.50 6 months 0.95 0.75 9 months 1.10 0.90 12
      154 words
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  • PROPERTY
    • Article
      Lock icon Makeover for US malls in rough times
      851 27 Retailers realise they are overbuilt and closing locations fast post-recession NYT [NEW YORK] Cleveland’s Galleria at Erieview, like many malls across the country, is suffering. Closed on weekends because there are so few visitors, it is down to eight retail stores, eight food-court
      NYT  -  851 words
    • Article, Illustration
      Lock icon UK house prices up 0.6% in Jan: Halifax
      440 27 Outlook for market depends on events in euro area, it says Bloomberg [LONDON] UK house prices rose for the first time in three months in January, according to Halifax, which said the outlook for the property market will depend on developments in
      Bloomberg; BLOOMBERG  -  440 words
    • Article, Illustration
      Lock icon StanChart sells Peace Centre corner office space for $11m
      640 28  -  Malaysian Dairy buys Howard Rd building from Tat Hong for $30.3m By KALPANA RASHIWALA A PROMINENT two-level corner space at Peace Centre at the junction of Selegie and Sophia Roads is said to have been sold for slightly over $11 million
      640 words
    • Article
      Lock icon Aussie hotels offer investment opportunities
      566 28  -  Strong corporate sector demand continues to bolster occupancies By NISHA RAMCHANDANI HOTELS in key Australian cities offer investment opportunities as strong demand from the corporate sector continues to bolster occupancies in business hotels, according to a director for Tourism and Transport Forum (TTF) Australia. Annualised
      566 words
    • Article, Illustration
      Lock icon Cushman & Wakefield’s Han joins HSR as special adviser
      517 28  - Cushman Wakefield’s Han joins HSR as special adviser By KALPANA RASHIWALA DONALD Han, the face of Cushman Wakefield in Singapore, has moved over to HSR Property Group as special adviser. The 47-year-old, who spent nearly 15 years at Cushman, was the founding director of its Singapore operations that started in
      517 words
  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      74 27 FOR SALE BY TENDER 66 Meyer Road (La Meyer) The Most Exclusive Address in D15 Site Area 4,705.5 sqm (50,650 sqft) MP2008 Zoning Residential (Freehold) Plot Ratio 1.4 Potential GFA 7,246.5 sqm (78,001 sqft) Mins to Changi Airport, East Coast Parkway, 2 IRs, International Schools Easy Access to ECP, KPE,
      74 words
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      Lock icon Page 27 Advertisements Column 2
      149 27 err L^ b *m (an q spacious ago. $3.58M U t6) A&A 3 Vrs BEDROOMS Check this out and many other properties in CATS Classified in The Straits Times now! WATS Site at Seletar Garden for Condo with 1st Level Shops Land 73,098 sf potential SL19,200 sf (est); FH GPR
      149 words
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      Lock icon Page 27 Advertisements Column 3
      240 27 FREEHOLD WAREHOUSE/ OFFICE UNITS For Sale Size ranges from 4,991 6,189 sq ft per unit Selling with tenancy Immediate vicinity of Sin Ming, Bishan, Ang Mo Kio HDB estate, terraced factories and private housing Near amenities like eateries, banks, etc... Convenient public transport and well-served by various expressways Contact person:
      240 words
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  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      139 28 ASIA GARDENS D2 FREEHOLD REDEVELOPMENT SITE Outram SGH Rk MRT E JLN BT MERAH RD NE L p Conservation Shophouses EVERTON PK I SUBJECT SITE People’s Pk Complex The Pinnacle Spottiswoode Residences Dragon Mansion t Spottiswoode o 18 CO RAEBURN PK Former Tanjoing Pagar KTM O E Site Area: 6,694.5
      139 words
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      Lock icon Page 28 Advertisements Column 2
      115 28 Royalville 250m to Sixth Ave MRT Land 174,176 sf; GPR 1.4 5-sty; FH 250m to upcoming Sixth Ave MRT station Close to established Pri Int’l schs Near F&B outlets and amenities Potential for 255 apts of ave 1,000 sf Tender Closing on 15 Feb 012 (Wed), 2.3 pm yewmin@credo.com.sg (CEA
      115 words