The Business Times, 8 February 2012

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Microfilm: NL31791
Total Pages: 31
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Wednesday, February 8, 2012
    25 words
  • Article
    Lock icon Asian mandatory convertible bond may make debut
    817 1  -  Investor sentiment in sharp turnaround from H2 2011 as markets stabilise; doors may have opened for even weaker credits By KENNETH LIM [SINGAPORE] Conditions for convertible issuance in Asia are so attractive now that doors may have opened for weaker credits, and the
    817 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      109 1 GST INDEX 2,957.78 (+17.68) GST INDEX FUTURES 2,958 (+18) GSIMSCI 339.83 (+2.07) GSIMSCI FUTURES 339.30 (+2.00) us$ s$ US$ (S$ per US$) 1.246 (US$/S$ per 1.582 1.971 EURO (US$/S$/E) 1.315 1.638 Foreign currency per US$ S$ YEN 76.60 61.50 RM 3.011 2.417 HK$ 7.754 6.225 BAHT 30.93 24.83 RUPIAH
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    • 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
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  • Article, Illustration
    Lock icon Jobs look for graduates at campus career fairs
    705 1  -  Big-name employers flock to NTU, NUS offering a diverse range of options By SIOW LI SEN [SINGAPORE] As a career fair at one university here draws to a close and a similar fair kicks off at another, it appears that jobs are
    JASON QUAH/THE STRAITS TIMES  -  705 words
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      97 1 EXECUTIVE MONEY Cautious over Asian markets PAGE 32 CORPORATE RESULTS SATS Q3 profit falls 25.4% PAGE 4 TRANSPORT HUB Infiniti entering Singapore market PAGE 24 *****1 *****4 Less is more LU.C XP CHOPARD BOUTIQUES #01-03 Takashimaya S.C.,Tel. 6733 8111 Bi-ioyThe Shoppes at Marina Bay Sands,Tel. 6688 7999 -#02-106 Resorts World
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      9 1 RESOURCES GIANT Xstrata, Glencore in US$90b merger PAGE 19
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  • TOP STORIES
    • Article
      Lock icon Tourism sector turns in stellar numbers in 2011
      587 2  -  Big growth in visitor arrivals, receipts but uncertainties seen for this year By NISHA RAMCHANDANI [SINGAPORE] Singapore’s tourism industry delivered a stellar performance last year, registering significant growth in both visitor arrivals and tourism receipts, according to preliminary estimates released yesterday by
      587 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      463 2 Mandatory convertible bond may debut CONDITIONS for convertible issuance in Asia are so attractive now that doors may have opened for weaker credits, and the region could even see its first hard mandatory structure this year, industry observers told BT. The convertibles industry is widely anticipating a strong
      463 words
    • Article
      Lock icon Correction
      90 2 IN “CCTV video footage not available, MBS tells court” (BT, Feb 6), we reported that the casino “objects” to producing certain video recordings, citing various privileges. MBS has pointed out that we had “a wrong interpretation of court documents”. It reiterated that “there are no documents which are in
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    • Article
      Lock icon S’pore investors, consumers, CEOs more pessimistic now
      532 2  -  By ANNA LEE, CERELIA LIM [SINGAPORE] Consumers, retail investors and CEOs in Singapore and the region are less optimistic about the uncertain economic outlook, but this falls short of a crisis in confidence. Separate sentiment surveys released yesterday show that investors have turned
      532 words
    • Article, Illustration
      Lock icon PM Lee pays tribute to Dr Toh Chin Chye
      392 2  -  His passing is a reminder of ‘how much we owe him’ By MINDY TAN [SINGAPORE] Dr Toh Chin Chye’s passing is a reminder to all Singaporeans of “how we got here, how much we owe him and his generation, and how
      ARTHUR LEE  -  392 words
    • Article, Illustration
      Lock icon Greek leaders seek deal as protests continue
      720 2  -  EU insists on pact on budgetary measures before Feb 15 From NEIL BEHRMANN in London MARKETS were on tenterhooks as Greek politicians commenced crunch talks to carry out unpopular austerity measures to avert a chaotic debt default. There were also reports that a
      REUTERS  -  720 words
    • Article
      Lock icon Banking sector still popular among S’pore graduates
      307 2  -  By SIOW LI SEN [SINGAPORE] Bankers may not be universally popular, but the industry has lost none of its allure for many Singapore graduates. Banks and the Big Four accounting firms are among the top employers of graduates of the National University of
      307 words
    • Article
      Lock icon Investor loses lawsuit to recover $1.87m from BNP Paribas
      772 3  -  Judge says plaintiff assumed risk of making relatives authorised signers By GRACE LEONG [SINGAPORE] The Singapore High Court has dismissed a lawsuit brought by an investor to recover an estimated S$1.87 million in losses he claims arose from alleged unauthorised trades
      772 words
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      280 3 LAUNCHING SOON! tYi. 100 BUSINESS SOHO DOWNTOWN A Green Living Structure in the CBD Distinctive architecture by WOHA. Interior by world renowned designer Patricia Urquiola. Register now for priority viewing! Limited edition strata titled business SOHOs at Tanjong Pagan, in the heart of CBD Close proximity to business and entertainment
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      567 4 SINGAPORE AIRSHOW 2 <212 ASIA'S URGES! AEROSPACE AND DEFENCE EVENT “T We- Ore-txvn.li'yie-r mil Were-, 014?" Attend Singapore Airshow 2012 to tap into the unprecedented business opportunities in Asia Pacific’s fastest growing markets. 14 -19 February 2012 www.singaporeairshow.com A SINGAPORE AIRSHOW 14-19 February 2012 SINGAPORE AIRSHOW 2012 Asia’s Largest Aerospace
      567 words
  • COMPANY NEWS
    • Article
      Lock icon SATS Q3 profit falls 25.4% on 32.3% higher revenue
      603 4  -  Loss of $5.5m on sale of UK food business, JVs’ falling contribution cited By VEN SREENIVASAN SATS Ltd reported a 25.4 per cent drop in net profit to $38.2 million for the third quarter, from $51.2 million a year earlier, due
      603 words
    • Article, Illustration
      Lock icon Tiger CEO set to return to ‘mother ship’ by Q3
      465 4  -  By VEN SREENIVASAN TIGER Airways CEO Chin Yau Seng is preparing to hand over the reins to a successor, having nursed the wounded carrier back to some semblance of health and put in place the necessary structure for sustained recovery
      465 words
    • Article
      Lock icon CPFIS application fees up for fund managers
      581 4  -  Morningstar re-appointed as CPFIS consultant By KENNETH LIM FUND managers looking to take part in the CPF Investment Scheme (CPFIS) will feel the squeeze beginning in March, as application fees jump by up to half. The increase in application fees, which mostly go
      581 words
    • Article
      Lock icon New Noble CEO Alireza wins cautious praise
      580 5  -  Strengthening risk management likely to be top priority, analysts say By KENNETH LIM FOCUS on risk management first, analysts are telling the new chief executive of Noble Group. Former Goldman Sachs executive Yusuf Alireza brings valuable risk management and investment banking skills to
      580 words
    • Article, Illustration
      Lock icon Glencore buys out Itochu’s stake in Chemoil
      487 5  -  By RONNIE LIM COMMODITY giant Glencore which earlier purchased the founding Chandran family’s 50.81 per cent stake in Chemoil Energy has bought out the Sin-gapore-listed marine fuel supplier’s other major shareholder, Japanese trader Itochu Group. The share purchase from Itochu which has a
      FILE PHOTO  -  487 words
    • Article
      Lock icon Bullish outlook seen for energy, gold
      467 5  -  Commodities proving to be a good hedge By BRYAN KOH A BULLISH outlook for oil-based energy and gold should manifest itself as the year unfolds, said Threadneedle Investments’ head of commodities David Donora. With crude oil crossing over 90 million barrels per day and
      467 words
    • Article, Illustration
      Lock icon OSIM Q4 profit inches up to $17m
      457 7  -  Group posts record full-year earnings of $69m By EDWIN LOH OSIM International posted a net profit of $17.06 million for the fourth quarter ended Dec 31, 2011, up 0.76 per cent from a year ago. Revenue in Q4 rose 7.58 per cent to
      457 words
    • Article
      Lock icon Artivision declines comment on Intel deal for now
      277 7  -  By CARINE LEE AS news of a potential deal with Intel Corporation sparked speculative share trading, Catalist-listed Artivision Technologies said yesterday that it was unable at this stage to reveal more information because of confidentiality. News released last Sunday that the online
      277 words
    • Article
      Lock icon Mewah shares surge on M&A talk
      96 7 Reuters [SINGAPORE] Shares of Singapore-listed palm oil firm Mewah International jumped as much as 15 per cent yesterday as traders cited mergers and acquisition (M&A) talk surrounding the company, but Mewah said it was not aware of any corporate development. At the close, Mewah
      Reuters  -  96 words
    • Article
      Lock icon Temasek selling 1.38% of India’s ICICI Bank
      304 7 Reuters [MUMBAI] Singapore investment company Temasek Holdings is selling 1.38 per cent stake in India’s No 2 lender ICICI Bank, according to a term sheet seen by Reuters, in a deal to raise up to US$303 million. The share sale comes less than
      Reuters  -  304 words
    • Article
      Lock icon Berlian Laju units default on payment: FSLT
      154 7 FIRST Ship Lease Trust said that it has issued written notice to the lessees of three chemical tankers who have defaulted on their respective lease payments in February. First Ship has demanded payment to be made no later than March 8. The vessels,
      154 words
    • COMPANY BRIEFS
      • Article
        Lock icon TTJ wins contracts worth $19m
        66 7 TTJ Holdings said it has secured $19 million worth of new contracts, which are expected to be completed between fiscal years 2012 and 2013. The new deals will see TTJ supply structural steelworks, civil defence shelter doors and other services for a mix of industrial,
        66 words
      • Article
        Lock icon Mirach postpones dual listing
        79 7 MIRACH Energy is postponing the dual listing and placement of its shares on the Alternative Investment Market (AIM) of the London Stock Exchange. “The company has assessed the prevailing general economic and capital market conditions and has determined that the placing cannot be concluded at this
        79 words
      • Article
        Lock icon Fastube expects FY2011 loss
        50 7 FASTUBE Ltd said it expects to report a loss for the financial year 2011. The group's results were affected by negative gross margins as a result of rising costs, intense competition and low utilisation rate, in addition to impairment charges made to trade receivables and inventories.
        50 words
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      82 5 Experience agility. Get ready to change the game. The new Audi A6 Avant. Be the first to experience how the new Audi A6 Avant is changing the rules of luxury once again. Please visit audi.com.sg/changethegame and book a test-drive slot at your preferred date and time. For further information, call
      82 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI still resilient despite Greek fears
      597 6  -  Index rises a further 17.7 points, but the broad market again comes under pressure in the afternoon STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) yesterday extended its 2012 bounce by 17.68 points to 2,957.78, but the broad market for the second
      Source: Bloomberg  -  597 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Feb 7 VALUE CLOSE BT OB/OS 1217.00 -48.0 BT CADI -*****.00 +66.0 BT 10-day MA -*****.00 +121.0 FTSE ST Mid Cap 667.20 +3.66 FTSE ST Small Cap 458.60 +1.14 FTSE ST All Share 713.15 +4.06 FTSE ST China Top 225.91 +0.40 FTSE ST China 257.19 +0.55 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 6 VOLUME UniFiber 130,370,000 Artivision 99,370,000 Centillion 98,782,000 PSL Hldgs 92,726,000 Yoma 89,449,000 Golden Agri 81,052,000 Noble Grp 70,117,000 Genting SP 67,164,000 Mewah 60,407,000 Digiland 59,920,000 VALUE($) Genting SP 110,235,145 Noble Grp 102,698,300 Keppel Corp 69,987,667 Golden Agri 62,227,471 CapitaLand 50,118,440 SingTel 47,477,865 Yoma 46,941,920 SGX 42,770,330 PSL
      56 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 6 2 0 0 0 9 6 2 Manufacturing 71 62 41 8 8 8 79 70 49 Commerce 28 21 15 4 3 4 32 24 19 Tpt/Stor/Comms 24 11 8
      186 words
    • Article, Illustration
      Lock icon QUICKCHART by Maybank Kim Eng Research
      459 6 Neptune Orient Lines Riding high Last price $1.40 Mkt cap 3,616m 5-day chng 25.30% 52-week H/L $2.30/$0.98 Avg volume 20.10m RSI (14) 71 50-day MA $1.18 100-day MA $1.14 200-day MA $1.33 NOL has staged a break-out above the key moving averages after consolidating
      459 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 40,992 40,992 97,474 97,474 Manufacturing 479,377 94,185 573,562 264,784 1,343 266,127 Commerce 350,602 50,072 400,674 216,332 2,734 219,066 Tpt/Stor/Comms 141,186 39,730 180,916 174,907 6,691 181,598 Finance 20,183 20,183 143,119 143,119 Construction 334,268 32,933 367,201 68,561
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 6 Stock name Close Change CapMallsAsia 1.395 +0.025 CapitaLand 2.740 +0.040 CapitaMall 1.750 +0.010 CityDev 10.480 +0.220 ComfortDelGro 1.455 -0.005 DBS Grp 13.510 +0.080 F&N 6.640 -0.010 GLP 2.020 Genting SP 1.645 +0.005 Golden Agri 0.770 +0.010 HK Land 5.210 +0.020 JMH 54.000 +0.330 JSH 31.700 +0.320
      111 words
    • Article, Illustration
      Lock icon Euro holds its ground, A$ hits 6-month high
      471 6 CURRENCIES Reuters [LONDON] The euro held its ground against the US dollar yesterday as most traders clung to hopes that Greece would clinch a rescue package needed to avert a chaotic default, but nagging doubts over the agreement kept the common currency
      Reuters; BLOOMBERG  -  471 words
    • Article
      Lock icon RISES
      118 6 BY CENTS CLOSE UP DBXT E50 10US$ 3738 181.9 4.1 DBXT Nifty 10US$ ***** 166.9 1.2 DBXT AUDCS 5SG$ ***** 117.0 0.4 GLD 10US$ ***** 89.7 0.4 DBXT FTVietnam 10US$ 2285 58.5 2.1 DBXT MSJAP 10US$ 3703 48.6 1.1 IS LC 1-3Y 100US$ 1013 48.6 4.0 JMH 5400 41.1
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    • Article
      Lock icon FALLS
      129 6 BY CENTS CLOSE DOWN Total Access 240 -46.1 -13.4 DBXT AUD Bonds 5AU$ ***** -44.4 -0.2 DBXT S&P Short 10US$ 3874 -39.9 -0.8 DBXT MSINDO 10us$ 1503 -29.9 -1.6 Lyxor China H 10US$ 1468 -22.4 -1.2 DBXT MSTHAI 10US$ 1706 -21.2 -1.0 Jardine C&C 5060 -21.0 -0.4 DBXT CSI300
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      597 7 REINVENT YOUR INVESTING WITH EfcTRADE Our new, one-page website U.S. investing experience 360 D E'TRADE 360 My Info Subscriptions Move Money Account Transfer Bill Pay Statements Records Forms View Release Notes Give Us Feedback Products Commissions Your last log on was January 11.2012 2:41 AM ET o s iai Purchasing
      597 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Residential property prices ripe for correction: Credo
      399 8  -  But situation could look much brighter if S’pore gets away with mild slowdown By MICHELLE TAN THE odds seem stacked against residential property prices in Singapore, historical data compiled by Credo Real Estate shows. Notably, negative residential price corrections were reflected in the
      399 words
    • Article, Illustration
      Lock icon S’pore’s trust in institutions grows
      509 8  -  By JASMINE NG SINGAPORE has been ranked the third most trusting nation across four key institutions measured government, business, media and non-governmental organisations (NGOs) improving from seventh position in 2011, a newly released study has found. The rise in Singaporeans’ trust in the government stands
      Source: Edelman Trust Barometer 2012  -  509 words
    • Article, Illustration
      Lock icon Singapore, US deepen education ties with MOU
      401 8  -  By LEE U-WEN TEN years after Singapore and the United States first signed a bilateral agreement on education, the two countries yesterday inked a fresh memorandum of understanding that will take their cooperation a step further. While the first MOU focused primarily on
      401 words
    • Article
      Lock icon Sumitomo plans extra plant to cater to high S-SBR demand
      400 8  -  By RONNIE LIM SUMITOMO Chemical which broke ground this week on its latest Singapore investment, a US$120 million synthetic rubber plant is already planning an additional plant to meet fast-growing demand for its solution styrene-butadiene rubber (S-SBR). This is because
      400 words
    • Article
      Lock icon How IT helped Genki Sushi cut costs
      255 8 JAPANESE restaurant Genki Sushi has implemented its koshyoku system or “express lane”, making its conveyor belts redundant. The company is integrating its service systems onto online platforms such as the iPad and the iTouch. The process begins with customers picking their orders on
      255 words
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      190 8 EN RAL I NK L A Rare Business Development at CBD Fringe ■v. m J'-nV -i: v m 'V as P I i I 1 I I A §2 V I Terms and conditions apply Estimated monthly installment based on 70% Bank loan of 1.75% for 25 years Rental yield
      190 words
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      662 8 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT CAP. 50 AND IN THE MATTER OF EASTSIDE INVESTMENTS PTE. LTD. Co. Reg. No. *****2221C NOTICE OF SPECIAL RESOLUTION FOR MEMBERS’ VOLUNTARY WINDING-UP (pursuant to Section 290) At an extraordinary general meeting of the members ofthe above-named Company, duly convened and
      662 words
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  • Article, Illustration
    Lock icon GTS and the new global economy
    2077 9 In this challenging environment, global transaction services play a key role In enabling businesses to continue growing, while helping them manage costs and finances A SPECIAL FEATURE BUSINESSES today face a challenging environment both internally and externally. The global economic downturn has simultaneously constrained
    STOCK.XCHNG  -  2,077 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Japan confirms stealth yen selling, flags more action
      644 10 Currency’s renewed strength puts pressure on BOJ to ease policy further Reuters [TOKYO] Japan followed up its record yen-selling intervention last year with covert operations and the finance minister said it is ready to step in again to counter speculative moves, repeating
      Reuters; REUTERS  -  644 words
    • Article
      Lock icon US eases Myanmar-linked sanctions
      394 10 Bloomberg Reuters [BANGKOK] The United States moved to support the International Monetary Fund and World Bank in assisting Myanmar to rebuild its economy as a reward to the former military dictatorship for taking steps towards democracy. Secretary of State Hillary Clinton signed a partial waiver on
      Bloomberg; Reuters  -  394 words
    • Article, Illustration
      Lock icon Australian dollar surges as RBA holds rates steady
      545 10 AFP [SYDNEY] Australia’s central bank left official interest rates steady at 4.25 per cent yesterday, saying global conditions had, on balance, improved and local growth and inflation were close to target. Reserve Bank of Australia governor Glenn Stevens said interest rates for
      AFP  -  545 words
    • Article
      Lock icon American CEO confidence at a high: survey
      392 10 51% see US economy improving in next 6 months Bloomberg [WASHINGTON] Confidence among US chief executive officers rose in the fourth quarter to the highest level in almost a year as their economic outlook and hiring plans improved, a private survey showed. The
      Bloomberg  -  392 words
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      107 10 Wherever you go, never miss out on the stock market action with ShareInvestor Mobile Download forFREEfrom Apple Apps store for iPhone, iPad users and Android Market for Android users. Get it now. Scan QR Code with your mobile and learn more about our application.* Android iPhone You will need to
      107 words
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      Lock icon Page 10 Advertisements Column 2
      204 10 Conference Exhibition 21 23 February 2012 KLCC Convention Center Kuala Lumpur, Malaysia w w w. o f fs h o re a s i a e v e n t c o m DEVELOPING ASIA’S ENERGY RESOURCES The annual Offshore Asia Conference Exhibition remains the leading source of information on
      204 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Replacing Rothschild will strengthen Bumi: Bakrie
      452 11 Bakrie, allies seek more board seats, want to remove Rothschild, 4 others Bloomberg Reuters [JAKARTA] A proposal to replace Bumi plc directors, including billionaire founder Nathaniel Rothschild, is aimed at strengthening the coal producer’s board and adding value for investors, Bakrie Group said. “This
      Bloomberg; Reuters; BLOOMBERG  -  452 words
    • Article
      Lock icon Russian Railways to build US$2.4b line on Borneo
      476 11 Reuters [JAKARTA] State firm Russian Railways plans a US$2.4 billion train line on Indonesia’s Borneo island that will initially be used to transport coal, an Indonesian government official said yesterday. The line in East Kalimantan province is expected to start operating by
      Reuters  -  476 words
    • Article
      Lock icon PICTET
      278 11 Pictet-Absl Rtn Glo Cons-P EUR 03.02.2012 EUR 102,11 Pictet-Absl Rtn Glo Div-P EUR 03.02.2012 EUR 115,29 Pictet-Asian Equities Ex Japan-P USD 03.02.2012 USD 170,58 Pictet-Asian Local Currency Debt-P USD 03.02.2012 USD 150,41 Pictet-Biotech-P USD 03.02.2012 USD 320,83 Pictet-Clean Energy-P USD 03.02.2012 USD 66,31 Pictet-Digital Communication-P USD 03.02.2012 USD 138,85
      278 words
    • Article
      Lock icon Proton’s cash drained to cut losses: Mahathir
      359 11 [KUALA LUMPUR] Proton Holdings Bhd’s cash reserves fell from a high of RM4 billion (S$1.6 billion) to a staggering low of RM600 million to help cut company losses, said its adviser Tun Dr Mahathir Mohamad. Malaysia’s Business Times reported that Dr Mahathir said
      359 words
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      193 11 Reach New Heights With The Emerging Enterprise Award i r /As one of the first Emerging Enterprise 2008 winners weVe made the breakthrough of taking our doodles to the world stage. Based here and in Suzhou, we work with MNCs like Nickelodeon, Cartoon Network, YTV, ABC and Discovery Kids. Our
      193 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon India growth may fall below 7% this year
      570 12 Govt’s 6.9% forecast is a sharp decline from the prior year’s 8.4% growth rate Reuters [NEW DELHI] India’s economic growth may dip below 7 per cent in the current fiscal year, the slowest pace since the 2008 financial crisis, restrained by the
      Reuters  -  570 words
    • Article, Illustration
      Lock icon Beijing nod for Citi credit card may be sign of market opening
      504 12 Move comes amid WTO probe sparked by US complaint Bloomberg [GENEVA] China’s decision to allow Citigroup to issue credit cards may signal an opening of the banking market as the government relaxes restrictions that are the subject of
      Bloomberg; AP  -  504 words
    • Article
      Lock icon Ex-Woolworths exec is Wal-Mart China CEO
      287 12 Reuters [SHANGHAI] Wal-Mart Stores named company executive Greg Foran as the president and chief executive of Walmart China, capping a series of leadership changes at the China unit that has been tainted by food scandals. Mr Foran, who joined Walmart in October after a
      Reuters  -  287 words
    • Article
      Lock icon PBOC tells banks: Give credit to first-home buyers
      299 12 Reuters [BEIJING] Banks must provide loans to first-home buyers, the People’s Bank of China (PBOC) said in a statement yesterday the first clear call to support mortgage lending since it started a policy-tightening cycle to calm the property market two years ago.
      Reuters  -  299 words
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      849 12 WATS NOTICES IN THE MATTER OF COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TIGLON PARTNERS ASIA PTE. LTD. Registration No. *****7737C (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company held on 31 January 2012, the following Resolutions
      849 words
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      1108 12 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT (CAP 50) AND IN THE MATTER OF REGATTA PROPERTIES PTE. LTD. Company Regn No: *****6584W At an Extraordinary General Meeting of the Company held at 47 Scotts Road #18-01 Goldbell Towers Singapore *****3 on 2
      1,108 words
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      9 12 Lisa S. iSiSME ih*iS« **7 CD -tomyH Lisa S.^iSUgjgj
      9 words
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  • WORLD
    • Article, Illustration
      Lock icon Facebook faces corporate governance scrutiny from investor
      703 13 Shareholders have little say in how website would be run as a public firm, says pension fund Reuters Bloomberg [NEW YORK] Facebook Inc, the social-networking company planning an initial public offering, faces corporate governance scrutiny from one of its investors, the California State
      Reuters; Bloomberg; REUTERS  -  703 words
    • Article, Illustration
      Lock icon US Senate measure raises concern on Wall Street
      664 13 Bloomberg [WASHINGTON] A US Senate measure that would place restrictions on people who gather and sell government information to hedge funds may entangle bank research analysts and others on Wall Street, according to lawyers and lobbyists. The Securities Industry and Financial Markets
      Bloomberg  -  664 words
    • Article
      Lock icon Oracle to go for new copyright trial against SAP
      405 13 Bloomberg [SAN FRANCISCO] Oracle Corp has decided that it would rather have a new trial against SAP AG for copyright infringement than accept a judge’s US$1 billion reduction in a jury verdict that it had won against its competitor. US District
      Bloomberg  -  405 words
    • Article, Illustration
      Lock icon Caesars plans US$18.1m IPO
      810 14 The casino chain is selling 1.8m shares at US$8 to US$10 each Bloomberg [NEW YORK] Caesars Entertainment Corp, the casino chain saddled with more than US$22 billion in debt, is planning an US$18.1 million initial public offering that some analysts say doesn’t offer enough of a
      Bloomberg; BLOOMBERG  -  810 words
    • Article
      Lock icon McDonald’s apologises to pit bull owners
      400 14 AP [LOS ANGELES] McDonald’s has apologised and pulled an ad that said eating a Chicken McBite was less risky than petting a stray pit bull, shaving your head, naming your son Sue or giving friends your Facebook password. It enraged pit bull owners and
      AP  -  400 words
    • Article
      Lock icon Capitol Records loses bid to close online music reseller ReDigi
      370 14 Bloomberg [NEW YORK] Citigroup Inc’s Capitol Records, a music label set to be acquired by Vivendi SA, has lost a bid to have online music reseller ReDigi Inc shut down. US District Judge Richard Sullivan declined to issue the preliminary
      Bloomberg  -  370 words
    • Article, Illustration
      Lock icon Japan ‘cautious’ ahead of talks on joining trade bloc
      601 15 US-led TPP will include demands to eliminate tariffs on protected goods Bloomberg [TOKYO] Japanese Foreign Minister Koichiro Gemba said the government was “cautious” ahead of talks yesterday on joining an Asia-Pacific trade bloc that will include demands to eliminate tariffs on
      Bloomberg; REUTERS  -  601 words
    • Article
      Lock icon US banks pay homeowners bonus to avoid foreclosures
      993 15 They find writing off bad loans and short sales faster, less costly than foreclosures Bloomberg [NEW YORK] Banks, accelerating efforts to move troubled mortgages off their books, are offering as much as US$35,000 or more in cash to delinquent homeowners to sell
      Bloomberg  -  993 words
    • Article
      Lock icon Sapporo buys US based juice maker for US$24m
      321 15 Bloomberg [TOKYO] Sapporo Holdings Ltd, the Japanese brewer that last year said it had about US$1.5 billion to spend on acquisitions, bought Florida-based juice maker Silver Springs Citrus Inc to expand in the world’s largest economy. The brewer agreed to pay US$24
      Bloomberg  -  321 words
    • Article, Illustration
      Lock icon Spanish banks boost property provisions
      522 18 New rules require them to deal with additional losses on property assets Reuters [MADRID] Spain’s three largest banks yesterday announced billions of euros in extra provisions to meet new government rules to clean up ailing property assets, while the more exposed Bankia eyed a merger
      Reuters; BLOOMBERG  -  522 words
    • Article, Illustration
      Lock icon Obama steps up re-election campaign financing bid
      830 18 NYT [WASHINGTON] US President Barack Obama is signalling to wealthy Democratic donors that he wants them to start contributing to an outside group supporting his re-election, reversing a long-held position as he confronts a deep financial disadvantage on a vital front in the
      NYT; AFP  -  830 words
    • Article
      Lock icon Pvt-equity lobbying helped protect Romney’s tax benefits
      781 18 Bloomberg [WASHINGTON] The largest US private-equity funds and venture capital firms have relied on a five-year, multimillion-dollar lobbying campaign to protect the carried interest tax break that helped drive presidential candidate Mitt Romney’s 2010 effective tax rate below 14 per cent. With the
      Bloomberg  -  781 words
    • Article
      Lock icon Hackers sought US$50,000 from Symantec
      373 18 Reuters [NEW DELHI] Hackers sought US$50,000 from US anti-virus firm Symantec Corp in return for the stolen blueprints to its flagship products under what the company says was a sting operation run by an undisclosed law enforcement agency via emails. The company said the emails
      Reuters  -  373 words
    • Article, Illustration
      Lock icon Xstrata, Glencore to merge to form US$90b resources giant
      598 19 Shareholders Standard Life and Schroders say they’ll vote against deal AP Reuters [LONDON] Mining company Xstrata and commodities dealer Glencore agreed to a US$90 billion merger yesterday that will create the world’s fourth largest natural resources company. The announcement of the
      AP; Reuters; AP FILE PHOTO  -  598 words
    • Article
      Lock icon Romanian central bank raises inflation forecast
      388 19 It sees 2012’s consumer-price growth at 3.2% Bloomberg [BUCHAREST] Romania’s central bank raised its 2012 inflation forecast and pledged to act against currency volatility stemming from the resignation of the government. The bank sees consum-er-price growth at 3.2 per cent, still within its target
      Bloomberg  -  388 words
    • Article
      Lock icon Employment still poor, low rates to stay: Bernanke
      276 19 Bloomberg [WASHINGTON] Federal Reserve chairman Ben Bernanke repeated that the job market is still far from healthy after signs of economic improvement over the past year, and he called on lawmakers to reduce the long-term budget deficit. “We still have a long
      Bloomberg  -  276 words
    • Article, Illustration
      Lock icon French 2011 trade gap widens to 70b euros
      516 19 Reuters [PARIS] France’s trade deficit hit a record high of just shy of 70 billion euros (S$115 billion) in 2011 as sharply rising energy import costs and lower export growth combined to underline the country’s struggle to keep competitive globally. Farm produce
      Reuters; REUTERS  -  516 words
    • WORLD BRIEFS
      • Article
        Lock icon UBS cuts bonus pool by 40% on investment bank loss
        84 19 Bloomberg [ZURICH] UBS AG, Switzerland’s biggest lender, cut its 2011 bonus pool by 40 per cent as its investment bank posted the second consecutive quarterly loss of 76 per cent. Net income fell to 393 million Swiss francs (S$534 million)
        Bloomberg  -  84 words
      • Article
        Lock icon Macquarie warns investors of 25% profit drop
        69 19 Reuters [SYDNEY] Macquarie Group, Australia’s top investment bank, warned investors its full-year profit would fall 25 per cent, double the analyst expectation, as grim financial markets hurt its trading and investment banking businesses. A 25 per cent fall would send Macquarie’s net profit
        Reuters  -  69 words
      • Article
        Lock icon TUI Travel loss widens on North Africa turmoil
        77 19 AFP [LONDON] TUI Travel, Europe’s biggest tour operator, reported a first-quarter net loss yesterday owing to weak demand for North African destinations amid turmoil across the region. TUI suffered a net loss of £103 million (S$203 million) in the three months to
        AFP  -  77 words
      • Article
        Lock icon UK jewellery firm enters administration
        56 19 Reuters [LONDON] British jewellery company Abbeycrest has fallen into administration, joining a string of companies brought down by the weakness of the UK retail sector as the economy stagnates. Abbeycrest said yesterday that John Malcolm Titley and Andrew Poxon from business rescue firm Leonard Curtis
        Reuters  -  56 words
      • Article
        Lock icon BP hikes quarterly dividend by 14%
        112 19 AP [LONDON] BP PLC has raised its quarterly dividend by 14 per cent after posting double-digit gains in profit and revenue in the last three months of 2011 despite further big payments to compensate for the disastrous oil spill in the Gulf of Mexico.
        AP  -  112 words
      • Article
        Lock icon Swatch profit surges on Chinese demand
        80 19 Reuters [ZURICH] Strong demand for expensive watches in China helped Swatch Group clock up an 18 per cent rise in 2011 profits and build some sales momentum for the current year too. Net profit at the Swiss-based group, known better for its colourful plastic
        Reuters  -  80 words
    • Article
      Lock icon Germany’s Dec industrial output drops
      455 19 AFP [BERLIN] German industrial output fell in December, in line with an expected downturn in Europe’s biggest economy at the end of last year, data showed yesterday but analysts expect a quick rebound. The economy ministry calculated that German industrial production dropped by a big-ger-than-expected
      AFP  -  455 words
  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      91 13 Only 19 fabulous bungalows for the discerning few For enquires: (65)*****869 (65)*****329 (86) 10 *****672 www.pearlisland.com.sg info@ximengland.sg Artist's impression Developer: Ximeng Land (S) Pte Ltd Developer Licence C0590 Leasehold 99 years Expected date of delivery of vacant possession 3 Mar 2013 Expected date of legal completion 3 Mar 2016 Lot
      91 words
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      194 14 i THE DRAGON SPRINGS TO LIFE The Dragon Year brings five fortuitous dishes to the Spring repertoire of ‘Plates of Pleasure’, inspired by traditional Lunar New Year favourites. Enjoy unlimited servings of these ‘Plates of Treasures’ such as Jokkaido Scallops and US Angus BeeJ, in addition to a hearty buffet
      194 words
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      41 14 BT Wine, Dine Hospitality Page save more than +< CQ| fu\\-c° N For advertisement bookings and sales enquiries, please contact: Lawrence Chang 9229 4919 Jeffrey Nah 9623 2128 Lina Tan 9620 1355 AlisaTan *****381 FrancisYeo 9620 1356 Colin Ong 9231 1280 sph
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      75 15 Hokkaido’s Wonderful Wintry Flavours Fairmont Singapore’s latest culinary jewel, Mikuni, presents Winter Robata, a culinary special featuring delicacies on the grill without the snow and freezing temperature. sourced and procured directly from the sub-prefectures of Sapporo, Tokachi, Rishiri and Hakodate. For reservations, please call +65 6431 6156 or email dining.singapore@fairmont.com.
      75 words
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      278 16/17 PAYALEBAR SQUARE RARE 99-YEAR STRATA-TITLED OFFICE SPACE FOR SALE STRATEGICALLY LOCATED NEXT TO RAYA LEBAR MRT INTERCHANGE mi nstn 11 1 m i i i ii i r i i i i i rrrri n 11 n 11 !9i I 'I 111 mrm I M I JJJJJW 1Z1 r k
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  • Page 18 Advertisements
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      52 18 SINGAPORE’S PREMIER HOME-GROWN CAR MAGAZINE WHY WE SHOULD GO BIG ON MOTORCYCLES 2012 SS6.90 RH9.50 WEDE TALK SAAB TECHNOLOGY SHOULD BE FOR PEUGEOT 308 CC VWGOLFCABRIO. RENAULT MEGANECC 5 RED I T BENC THERE, DONE THAT ."A CR-Z CR-X HYBRID MEETS CLASSIC iJLbb*b<* CABRIOLET, GROUP TEST Bar Join us on
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  • EDITORIAL & OPINION
    • Article
      Lock icon After success, challenges for Changi
      485 20 EDITORIAL THERE is an old adage that nothing succeeds like success. And no one knows it better than the folks who operate Changi Airport. When it officially opened in December 1981, the airport handled 1,200 scheduled weekly flights of 34 airlines flying to 67 cities
      485 words
    • Article, Illustration
      Lock icon Austerity’s the lesser evil, not self-defeating, for Europe
      759 20  -  THE BOTTOM LINE DANIEL GROS The writer is director of the Centre for European Policy Studies Project Syndicate EUROPE seems to be obsessed with austerity. Country after country is being forced by either the financial markets or the European Union to start
      Project Syndicate  -  759 words
    • Article, Illustration
      Lock icon Movement of people crucial in solving economic woes
      1109 20  -  Only a better integrated labour market will satisfy changes in production, demographics By SHAHID JAVED BURKI The writer, a former Pakistani finance minister and World Bank vice-president, is visiting senior research fellow at the Institute of South Asian Studies, an autonomous research
      AFP  -  1,109 words
    • Article, Illustration
      Lock icon Keeping the insurance hub edge
      1556 21  -  With rising competition in the region, S’pore needs to tweak incentive schemes to remain attractive to the industry By YIP YOKE HAR The writer is tax partner, PricewaterhouseCoopers Services LLP SINGAPORE has big ambitions to be an insurance hub in Asia, but so too do
      FILE PHOTO  -  1,556 words
    • Article, Illustration
      Lock icon System stays rigged in too-big-to-fail banks’ favour
      937 21  -  REUTERS BREAKINGVIEWS By HUGO YOUNG Hester and Goodwin last week. Reuters THERE was a whiff of the lynch mob in the UK last week. Stephen Hester, the current Royal Bank of Scotland (RBS) boss, was bludgeoned by politicians and the media into forgoing
      Hester and Goodwin last week. – Reuters  -  937 words
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  • TransportHUB
    • Article
      Lock icon Cultural change needed to improve ferry safety
      741 22  -  It will reduce some of the significant contributory factors in many tragedies STRAIT TALK By DAVID HUGHES WHILE the global shipping industry’s attention has been focused on the capsize of the Italian cruise ship Costa Concordia, another passenger ship sank with loss of
      741 words
    • Article
      Lock icon TRANSPORT STOCKS
      254 22 SGX '000 Feb 7 S$ +/-Vol CH Offshore 0.40 0.01 139 Chuan Hup Hldg 0.22 unch 96 Cosco Corp 1.20 0.01 ***** s$ First Ship Lea 0.20 unch 2412 Freight Links 0.06 unch 1504 Grand Banks unch unch 0 Jaya Hold Ltd 0.58 0.01 4247 K1Ventures 0.10 unch
      254 words
    • Article, Illustration
      Lock icon Shipping rebound rests on exit of inefficient yards
      1292 22  -  Operators should stay clear of newbuildings in the meantime By KATHERINE CHEONG-KOH The writer is director of research, Island Shipbrokers IT IS a well-established fact (or that we should remind all market players again) that the global shipping sector remains plagued by
      Compiled by Island Research  -  1,292 words
  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      85 22 All ways with you. All around the world. /r S'* /i a L" I Our goal: More Than Shipping. The world, our stage. At NYK, we do more than 'ship' goods all over the world. Our monohakobi (transport) comes in various forms: by sea, air, and land via rail and
      85 words
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      Lock icon Page 22 Advertisements Column 2
      23 22 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. ESAT3 NOTICES
      23 words
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  • TRANSPORT HUB: AVIATION
    • Article
      Lock icon Scoot chooses Gold Coast as 2nd destination
      489 23  -  It’ll start five weekly flights in June to the holiday spot popular with Singaporeans By VEN SREENIVASAN [SINGAPORE] Singapore Airlines’ long-haul low-cost unit, Scoot, has chosen Gold Coast in Queensland as its second destination after Sydney. Scoot will operate five weekly services to
      489 words
    • Article, Illustration
      Lock icon Qantas credit risk climbs on rising fuel costs
      526 23 Bloomberg [SYDNEY] Qantas Airways Ltd, one of two airlines in the world with debt ranked investment grade by more than one of the major ratings companies, is losing favour among bondholders after it was downgraded because of rising fuel prices and competition.
      Bloomberg; AFP  -  526 words
    • Article
      Lock icon Korean Air predicts ‘hard, tough year’ for cargo mkt
      393 23 Bloomberg [SEATTLE] Korean Air Lines Co, the world’s second-largest international freight carrier, expects a cargo slump to continue as economic concerns stymie world trade. “We’re looking for a hard, tough year,” Walter Cho, senior vice president of corporate strategy and planning,
      Bloomberg  -  393 words
    • Article, Illustration
      Lock icon JAL sees later Dreamliner delivery date
      642 23 Carrier in talks for March delivery after shim glitch found Reuters [TOKYO] Flag carrier Japan Airlines said yesterday that it no longer expects its first Dreamliner from Boeing Co by the end of February, as a fresh manufacturing glitch is seen adding pressure to
      Reuters; AP  -  642 words
    • Article
      Lock icon Air France cancels half of long-haul flights on strike
      379 23 AFP [PARIS] French flag-carrier Air France cancelled up to half of its long-haul flights yesterday as aviation workers pursued a strike against plans to require them to give 48 hours notice of a walk-out. After causing limited disruption on Monday, the
      AFP  -  379 words
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      303 23 CRYPTIC CROSSWORD Across 7 One’s touched when great respect is shown (8) 9 Country singer gets about, with woman and son providing backing (6) 10 Book in English period (6) 11 Female writer to head for Gretna Green? (8) 12 Grower with green trademark specially designed (6,8) 15 Defect in
      303 words
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  • TRANSPORT HUB: LAND
    • Article, Illustration
      Lock icon Nissan’s Infiniti to make debut this weekend
      585 24  -  Singapore is the 3rd of 25 new markets that the brand is revving into By SAMUEL EE [SINGAPORE] Infiniti is entering the Singapore market as part of an aggressive plan to increase its global presence, says Toru Saito, corporate vice-president of the Global
      585 words
    • Article, Illustration
      Lock icon Better service soon with new VW centre
      503 24  -  By SAMUEL EE [SINGAPORE] When one door closes, another opens. Or in this case, when one showroom closes, another one opens. The Mazda showroom in MacPherson, which closed late last year after the franchise changed hands, will become Volkswagen brand’s second showroom and
      FILE PHOTO  -  503 words
    • Article
      Lock icon US auto sector recovery not here yet: Hyundai exec
      558 24 Reuters [LAS VEGAS] The US auto sector will not recover significantly until US home prices pick up and consumers feel more prosperous, a top Hyundai Motor Co executive said. John Krafcik, head of Hyundai’s North American operations, said on Friday the
      Reuters  -  558 words
    • Article
      Lock icon GM posts first drop in China sales in six months
      355 24 Bloomberg [SHANGHAI] General Motors Co, the world’s biggest carmaker, reported its first drop in China sales in six months as purchases slowed during the week long Chinese New Year holiday. Deliveries to Chinese dealers fell 8 per cent to 246,654
      Bloomberg  -  355 words
    • Article
      Lock icon Toyota sees 200b yen net as Q3 jumps
      537 24 Reuters [TOKYO] Toyota Motor Corp has reported a strong-er-than-expected quarterly operating profit and raised its annual forecast on cost cuts and Japanese government subsidies, although this is still some way below analysts’ expectations. Widespread floods in Thailand late last year battered Toyota
      Reuters  -  537 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2959 25 Transaction date: Feb 7 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 99.5xd -1.5 207 100 99 99.5 100 2 10.1 441.6 Net M
      2,959 words
    • Article
      Lock icon SGX CATALIST
      233 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 1 0.2 t Advanced System 0.5 unch 5948 0.6 0.5 0.5 0.6 16.7 8.3 Last Quote Div Gr Yld Net M Cap
      233 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7072 26 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
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    • Article
      Lock icon GLOBALQUOTE
      201 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 55.5 34 AVJennings A38 -1.5 8 38 38 38 43 3.6 9.2 3 99 46 25.5 Genting HK US$ US36 -0.5 ***** 37 36 36 36.5 2370.4
      201 words
    • Article
      Lock icon SGX ETF
      782 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 1261 856 CIMBAsean40 100US$ US1030 -7 86 1045 1026 1030 41.2 ***** ***** DBXT AUD Bonds 5AU$ A***** -33 0 ***** ***** 45.8 ***** ***** DBXT
      782 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Feb 6 Index Change Change Change Change Change Change World Preliminary 886.3 -0.1 6.8 0.4 3.7 -0.1 7.6 EAFE Preliminary 728.4 0.2 6.8 0.6 4.3 0.0 8.3 Europe Preliminary 1098.9 -0.2 7.0
      373 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 27 CRUDE OIL PRODUCTS Feb 6 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 115.50 2.95 WTI (Near Mth) 97.21 -0.32 Dubai (1-Mth F) 111.19 1.41 Tapis blend 120.87 1.50 Minas 119.67 1.50 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 108.33 0.94 Jet Kerosene 129.40 1.65 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon CHICAGO BOT
      107 27 Feb 6 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 12 1233.00 1232.50 1244.00 1230.75 May 12 1242.00 1240.75 1252.25 1239.00 Jul 12 1251.75 1250.25 1261.75 1248.00 Aug 12 1249.50 1248.00 1257.50 1248.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 12 52.16
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    • Article
      Lock icon GOVERNMENT SECURITIES
      79 27 Feb 7 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 10-May-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 0.250 01-Feb-14 99.92 5-Year N*****0W 1.125 01-Apr-16 102.5 BQ*****F 10-May-12 10-Year NX*****X
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      448 27 Feb 7 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.5550 0 1550 Jun12 99.5500 0 1249 Sep12 99.5200 0 324 Dec12 99.5050 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
      448 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      89 27 As on 6 February 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT APR2012 1740.60 1717.20 1725.00 547 CURRENCY AUD-USD FUT MAR2012 1.0695 1.0660 1.0681 50 EUR-USD FUT MAR2012 1.3142 1.3029 1.3132 7087 USD-JPY FUT MAR2012 76.73 76.73 76.52 2 BASE METAL
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    • Article
      Lock icon SGX FUTURES
      157 27 Feb 7 SICOM RUBBER Futures (Closing prices) RSS 3(US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 12 407.0 403.0 403.0 93 300 Apr 12 410.0 405.9 406.5 13 122 May 12 414.0 252 Jun 12 416.0 228 Jul 12 416.0 128 Aug 12 414.0
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    • Article
      Lock icon LONDON METALS
      65 27 Feb 6 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2182.25 2209.25 3 months 2223.00 2247.00 Copper, Grade A(US$/tonne) Cash 8474.25 8539.00 3 months 8500.00 8565.00 Lead(US$/tonne) Cash 2145.25 2193.50 3 months 2181.00 2225.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.50 3 months
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    • Article
      Lock icon LIFFE
      82 27 Feb 6 COCOA (£/tonne) Close Prev High/Low Mar 12 1472 1502 1516/1458 May 12 1491 1518 1530/1474 Jul 12 1506 1533 1545/1489 Sep 12 1514 1543 1555/1500 COFFEE(US$/tonne) Close Prev High/Low Jan 12 1831 1837 1835/1801 Mar 12 1857 1864 1862/1827 May 12 1885 1892 1889/1856 Jul 12 1908
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1254 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 130 33.00 27 Aztech Grp W*****3 0.5 0.3 1572 1 20 97 20.80 9 Baker Technology Ltd W*****6 4 0.4 113 1 32 7 8.38
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 27 Feb 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.076 6.815 0.822 8.380 52.827 97.213 0.828 12.091 3.254 1.293 97.927 45.840 1.346 8.147 0.992 31.940 33.428 0.683 1.081 Canada 0.929 6.331
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    • Article
      Lock icon SIBOR
      62 27 Feb 7 Ibftll 1«) 1 mill a^r.iw n^nrqi mUu fi »IHM M'W 3 twiii ■jUWw CljjTjf mil* f» 77*10 U*V»?Sl 5 mi'll 0?'«pl n«mr ffflM 1 vol^ p.-^tift SWAP OHtf i*ib. rmh* 3 mifii inn ur wnit c entire ak l\ r lc -.T -M AMT* U>,. h.K*' '>
      62 words
    • Article
      Lock icon PRECIOUS METALS
      140 27 Feb 7 GOLD(US$/oz) Feb 06 Feb 07 Hong Kong 1728.60 1732.00 Feb 07 Feb 03 Feb 06 London 1742.04 1722.74 1743.76 1724.46 Source: Thomson Reuters CAST BAR Feb 07 (S$) Selling Buying Kilobar "74,144.58" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 166 69 5gm 472 345 10gm
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    • Article
      Lock icon PALM OIL
      57 27 Feb 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 12 3050.0 3052.0 3063.0 3048.0 77 546 Mar 12 3074.0 3082.0 3082.0 3049.0 1709 9342 Apr 12 3066.0 3085.0 3085.0 3050.0 ***** ***** May 12 3060.0 3080.0
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    • Article
      Lock icon STOCK INDEX FUTURES
      24 27 Feb 7 Open High Sett STI Feb 2958.0 SIMSCI Feb 337.7 340.8 339.3 Taiwan Feb 274.7 277.9 276.7 Source: SGX Derivatives
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Feb 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3459 1.3467 1.0805 1.0810 Canadian dollar 1.2502 1.2511 1.0037 1.0042 Euro 1.6373 1.6380 1.3145 1.3148 NZ dollar 1.0409 1.0417 0.8357 0.8362 Sterling pound 1.9703 1.9707 1.5818 1.5819
      154 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Feb 7 S$ Bid Offer 1-month 1.2456 1.2458 2-months 1.2455 1.2458 3-months 1.2452 1.2454 6-months 1.2436 1.2440 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Feb 07 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.37 1.305 Can dollar 1.277 1.228 Euro 1.669 1.605 Sterling pound 2.012 1.935 NZ dollar 1.072 1.021 US dollar 1.267 1.219 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 27 Feb 7 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.02 US$ 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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  • Article
    Lock icon The Business Times Shipping times
    4700 28 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
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  • Page 28 Advertisements
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  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      146 29 Shipping lines seeking reliable logistics partners I Can they find your services here in -the Shipping Times? r i FORWARDER urgently needed fc>y shippers Can -they find your s« Here in the Shipping ADVERTISE. CALI IOE WONG 9620 I Highlight Your Company Anniversara Come publicise your Company Anniversary, Corporate Developments,
      146 words
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