The Business Times, 22 February 2012

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Microfilm: NL31792
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Wednesday, February 22, 2012G
    25 words
  • Article
    Lock icon Greece bailout deal gets underwhelming response
    853 1  -  Euro, markets slip as doubts mount over implementation of draconian austerity measures By NEIL BEHRMANN in London THE euro and European stock markets slipped in an underwhelming market response to the latest Greece bailout package. After marathon talks lasting 13 hours on Monday, the
    853 words
  • Article, Illustration
    Lock icon Asia-Pac still top region for M&As last year
    682 1  -  By EMILYN YAP [SINGAPORE] Mid-sized merger and acquisition (M&A) activity in Asia Pacific slipped last year, but the region still reigned by posting the largest number of deals worldwide. Buyers from China, Japan and South Korea were especially busy snapping up assets
    Source: Deloitte  -  682 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      110 1 GST INDEX 3,025.07 (+3.88) GST INDEX FUTURES 3,025 (+4) GSIMSCI 348.47 (+1.04) GSIMSCI FUTURES 348.80 (+1.80) us$ s$ US$ (S$ per US$) 1.255 (US$/S$ per 1.586 1.990 EURO (US$/S$/E) 1.325 1.662 Foreign currency per US$ S$ YEN 79.80 63.60 RM 3.018 2.405 HK$ 7.755 6.181 BAHT 30.74 24.50 RUPIAH
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    • Article
      Lock icon PRIME RATES
      19 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.546 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg Source: Bloomberg
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      81 1 STRAIT TALK Can shipowners ignore oversupply? PAGE 20 Deutsche Bank db.com Only a strong bank can set the stage for our clients’ success. Best Global Bank Euromoney Awards for Excellence 2011 This advertisement has been approved and/or communicated by Deutsche Bank AG and appears as a matter of record only.
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      11 1 COMMENTARY The depressing economics of Pakistani politics PAGE 18 *****1 *****4
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      9 1 LAND TRANSPORT Dealers await more diesel details PAGE 23
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      80 1 EXEC MONEY The bank loan as an investible asset class PAGE 29 BT’s Joyce Hooi bags Young Journalist of The Year award FULL REPORT I PAGE 4 Property 2012 Watch out for BT’s 40-page bonanza tomorrow HIGHLIGHTS Hot residential projects Property as a retirement asset Outlook for private residential rental
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      519 2 Greece bailout deal gets underwhelming response THE euro and European stock markets slipped in an underwhelming market response to the latest Greece bailout package. After marathon talks lasting 13 hours on Monday, the Greek government and eurozone members at last agreed on a rescue package of 130 billion
      519 words
    • Article, Illustration
      Lock icon S’pore CFOs aggressive on M&A, hesitant on capex
      745 2  -  Intra-Asian activity a key focus in 2012, says BoAML poll of regional CFOs By KENNETH LIM [SINGAPORE] Singapore financial chiefs are among Asia’s most aggressive towards mergers and acquisitions in 2012 but among the most conservative towards capital spending, according to a
      AFP  -  745 words
    • Article
      Lock icon Correction and clarification
      111 2 IN “A boon for both the older Singaporean employee and the employer” (BT, Feb 18-19), we quoted a Hernaikh Clemence, chief executive of the Singapore International Chamber of Commerce and Industry. It should have been Hernaikh Singh, CEO of the Singapore Indian Chamber of Commerce and Industry.
      111 words
    • Article, Illustration
      Lock icon BT’s Joyce Hooi bags Young Journalist award
      604 4  -  Her intellect, clever writing make her pieces compelling reads, says editor Reports by ANNA LEE IT was “second time lucky” for The Business Times reporter Joyce Hooi, who won the annual English and Malay Newspapers Division’s (EMND) Young Journalist of the Year award
      YEN MENG JIIN  -  604 words
    • Article
      Lock icon Aim: integrated, multimedia newsrooms
      371 4 [SINGAPORE] The growing dominance of digital media points towards the need for a better integration of various media platforms, said Patrick Daniel, editor-in-chief of the English and Malay Newspapers Division, Singapore Press Holdings, at the EMND 2011 Annual Awards yesterday. “The conundrum for us in SPH
      371 words
    • Article
      Lock icon Edgeworth blames recession, credit crunch for troubles
      765 4  -  By GRACE LEONG EDGEWORTH Properties Inc whose land-banking scheme had drawn thousands of investors in Singapore has laid the blame for its liquidity crisis on the recession that had hit both the property and financing markets hard. And unexpectedly high cost overruns only
      765 words
    • Article, Illustration
      Lock icon A new dawn in Christchurch a year after massive quake
      594 4  -  It’s again wooing tourists, asking businesses to tap NZ$30b rebuilding efforts By LEE U-WEN [SINGAPORE] A year on since suffering a brutal earthquake that was the sec-ond-deadliest natural disaster in New Zealand’s history, the city of Christchurch is more than
      594 words
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      182 2 Thursday, 29 March 2012, Sands Expo Convention Center 4 Singapore Brand Conference A Jm BRANDING THE 4 PILLARS: HUMAN CAPITAL MANAGEMENT I FINANCE INNOVATION MARKETING I TECHNOLOGY OPERATIONS Singapore Brand Conference 2012 Programme Highlights Keynote Speaker Mr Colin Low, President CEO Singapore Investment Development Corporation Session 4: Finance Session Chairperson:
      182 words
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      172 3 NOW. POWER UNDER TOTAL CONTROL Introducing the All-New Infiniti FX Sports Crossover. AMI 1 8 f K U .V d w Built with unrivalled Japanese craftsmanship, Infiniti has for decades challenged what a luxury performance car should be. From engineering the world’s fastest hybrid car, to sculpting an SUV that
      172 words
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      88 4 End Your Carpark Payment Problem Singapore's 1st Parking System with ATM Payment Top Up Cashcard at Exit Kiosk Integrated exit kiosk High accuracy system online with NETS during deduction SMS for event triggering Big 8" LCD screen Low maintenance CCTV integration We also specialise in Integrated security system Access control
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      132 5 Agility. Light in weight. Big on agility and space. Change the game with the all-new, lightweight Audi A6. Car of the year 2011 for Autocar ASEAN and Oneshift.com Bigger doesn’t have to mean heavier. The new Audi A6 Avant is a car that is not only engineered from the ground
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon ST Aerospace expands Seletar presence
      522 5  -  By VEN SREENIVASAN ST AEROSPACE is investing $26 million to expand its already significant presence at Seletar Aerospace Park (SAP). The aerospace arm of the ST Engineering group yesterday broke ground for new additions at SAP which include a pur-pose-built General Aviation (GA) aircraft hangar,
      522 words
    • Article
      Lock icon Itochu’s exit from Chemoil comes as no surprise
      572 5  -  Japanese oil trader seen as a reluctant partner of Glencore NEWS ANALYSIS By RONNIE LIM A FORCED marriage which was destined for the rocks. That’s what industry observers say happened when Japanese oil trader Itochu Group was left high and dry at
      572 words
    • Article
      Lock icon Hutchison Port trust’s Q4 profit in line with forecast
      413 5  -  By LYNN KAN HUTCHISON Port Holdings (HPH) Trust posted net profit attributable to unitholders of HK$608.2 million (S$98.5 million) for the three months ended Dec 31, 2011, in line with the HK$592.9 million forecast. The local bourse’s heftiest listing last year
      413 words
    • Article
      Lock icon OUE profit hit by fall in fair-value gains
      401 7  -  By BRYAN KOH INTEGRATED property developer Overseas Union Enterprise (OUE) yesterday posted a higher revenue of $332.4 million for the financial year ended Dec 31, but increased finance costs and the absence of fair value gains led to a lower bottom line.
      401 words
    • Article
      Lock icon ARA’s Q4 profit falls 48% to $13.3m
      515 7  -  By MICHELLE TAN ARA Asset Management recorded a 48 per cent dip in net profit to $13.3 million for the fourth quarter ended Dec 31, 2011 on the back of a lower top line. Total revenue for the period fell 36 per cent
      515 words
    • Article
      Lock icon PICTET
      278 7 Pictet-Absl Rtn Glo Cons-P EUR 17.02.2012 EUR 102,55 Pictet-Absl Rtn Glo Div-P EUR 17.02.2012 EUR 115,99 Pictet-Asian Equities Ex Japan-P USD 17.02.2012 USD 174,80 Pictet-Asian Local Currency Debt-P USD 17.02.2012 USD 149,71 Pictet-Biotech-P USD 17.02.2012 USD 325,87 Pictet-Clean Energy-P USD 17.02.2012 USD 67,55 Pictet-Digital Communication-P USD 17.02.2012 USD 141,48
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    • Article
      Lock icon Abraaj buys SME-focused private equity firm
      542 7  -  It will seek opportunities in other small and medium enterprises By JASMINE NG ABRAAJ Capital, the Middle East’s largest private equity firm, will sniff out more investing opportunities in small and medium enterprises (SMEs) after buying emerging markets private equity house Aureos Capital, a
      542 words
    • Article
      Lock icon APB gets nod for sale of China unit
      350 8  -  But completion of deal may be delayed over a summons by Jiangsu Dafuhao By CARINE LEE ASIA Pacific Breweries Ltd (APB) yesterday said it has received the unconditional approval from the relevant Chinese authorities for its sale of Heineken-APB (China) Pte Ltd
      350 words
    • Article, Illustration
      Lock icon Tiger-linked Mandala to resume flying
      463 8  -  By VEN SREENIVASAN IN a major step forward to expanding Tiger Airways’ paw-print in Indonesia, its 33 per cent controlled venture PT Mandala Airlines has received its air operator’s certificate (AOC) from the Indonesian direc-tor-general of air communications. The restructured Mandala is scheduled to resume
      FILE PHOTO  -  463 words
    • Article
      Lock icon HLH slashes Q4 loss, back in the black in FY2011
      407 8  -  By CERELIA LIM MAINBOARD-LISTED HLH Group slashed its net loss for the fourth quarter ended December 2011 to $584,000 from $2.52 million a year ago, helped by a marked increase in revenue. The agri-business and property group reported a loss
      407 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Traders cautious over Greek deal
      562 6  -  ST Index ends a mere 0.1 per cent higher after gyrating between gains and losses STOCKS CONRADTAN Correspondent STOCKS rose for a second day yesterday, but gains were limited as traders greeted with caution news that a new Greek bailout deal had been agreed on.
      Source: Bloomberg  -  562 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Feb 21 VALUE CLOSE BT OB/OS 385.00 -78.00 BT CADI -*****.00 -12.00 BT 10-day MA -*****.00 +38.00 FTSE ST Mid Cap 688.78 +3.40 FTSE ST Small Cap 472.85 +1.34 FTSE ST All Share 730.83 +1.44 FTSE ST China Top 236.45 +2.63 FTSE ST China 270.09 +0.85 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 6 VOLUME Golden Agri 98,061,000 ChinaFashion 88,496,000 Yangzijiang 80,682,000 Genting SP 78,448,000 Oceanus 75,206,000 MDR 67,760,000 Cosco Corp 62,376,000 Broadway 54,011,000 TopGlobal W*****9 51,538,000 HPH Trust US$ 46,942,000 VALUE($) Genting SP 131,301,665 Yangzijiang 109,521,235 Cosco Corp 81,147,370 Golden Agri 76,359,470 DBS Grp 65,358,840 CapitaLand 64,432,480 Olam 58,719,170 Noble
      57 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 5 5 0 0 0 7 5 5 Manufacturing 60 65 40 9 12 5 69 77 45 Commerce 16 24 19 0 7 3 16 31 22 Tpt/Stor/Comms 16 18 7
      186 words
    • Article, Illustration
      Lock icon QUICKCHART by Maybank Kim Eng Research
      460 6 GMG Global Bullish push Last price $0.153 Mkt cap 1,172m 5-day chng 1.33% 52-week H/L $0.217/$0.11 Avg volume 35.70m RSI (14) 66 50-day MA $0.13 100-day MA $0.14 200-day MA $0.16 There are signs of a bullish reversal, with the share price trying yet
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,976 15,976 62,745 62,745 Manufacturing 386,306 141,059 527,365 323,169 5,984 329,153 Commerce 195,192 13,011 208,203 181,828 849 182,676 Tpt/Stor/Comms 225,412 38,058 263,470 283,880 6,424 290,304 Finance 22,129 323 22,452 167,580 72 167,652 Construction 133,322 21,989
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      108 6 Stock name Close Change CapMallsAsia 1.595 -0.045 CapitaLand 3.060 +0.070 CapitaMall 1.795 +0.015 CityDev 11.040 -0.090 ComfortDelGro 1.535 +0.015 DBS Grp 14.150 +0.050 F&N 6.490 GLP 2.090 Genting SP 1.675 -0.010 Golden Agri 0.780 HK Land 5.660 -0.070 JMH 52.000 -0.400 JSH 31.750 +0.350 Jardine C&C
      108 words
    • Article, Illustration
      Lock icon Euro’s post-deal surge fizzles out
      442 6 CURRENCIES Reuters [LONDON] The euro turned lower yesterday, as an initial boost from Greece’e overnight debt deal waned and investors began selling into rallies. Eurozone finance ministers sealed a 130-billion-euro (S$216 billion) deal on aid for Greece, averting a chaotic default next month. But traders
      Reuters; REUTERS  -  442 words
    • Article
      Lock icon RISES
      105 6 BY CENTS CLOSE UP IS S&P500 ***** 129.2 0.8 GLD 10US$ ***** 121.7 0.6 DBXT E50 10US$ 3815 107.9 2.3 Asia Pac Brew 3200 100.0 3.2 DBXT EONIA 5US$ ***** 85.3 0.4 UOB.ES.1202 1822 62.0 3.5 JSH 3175 43.9 1.1 DBXT Nifty 10US$ ***** 42.6 0.3 Lyxor EmergingMkts 1
      105 words
    • Article
      Lock icon FALLS
      118 6 BY CENTS CLOSE DOWN JMH 5200 -50.2 -0.8 Creative Tech 436 -29.0 -6.2 DBXT FTVietnam 10US$ 2380 -25.1 -0.8 Jardine C&C 4916 -24.0 -0.5 DBXT FTChina25 10US$ 2962 -12.5 -0.3 STXPO 100 880 -10.0 -1.1 CityDev 1104 -9.0 -0.8 Hyflux 6% CPS 10 ***** -9.0 -0.1 DBXT MSRussia 10US$
      118 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      210 7 Reach New Heights With The Emerging Enterprise Award t W If 1 a* 4# A 0 I w /As one of the first Emerging Enterprise 2008 winners, we’ve made the breakthrough of taking our doodles to the world stage. Based here and in Suzhou, we work with MNCs like Nickelodeon,
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      136 8 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices *1 NOTICES CLA/FEB1 1/g A? tv .New Bespoke GCB Land: 22,360 sq feet £\\eQ° JlBuilt Up: 16,000 sq feet JERRY LUM Snr Marketing Director, MBA, CES CEA licence no: R *****6 D HP: 8288
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      613 8 (a business trust constituted on 25 February 2011 under the laws of the Republic of Singapore and managed by Hutchison Port Holdings Management Pte. Limited) NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Hutchison Port Holdings Trust (“HPH
      613 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Hong Leong sells 65 Bartley units at $1,240 psf
      442 9  -  Up to 20% discount dished out for the 120 units released By MINDY TAN HONG Leong Group yesterday sold 65 units at Bartley Residences at an average price of $1,240 per square foot after a discount of up to 20 per
      442 words
    • Article
      Lock icon Record number of passengers at Changi Airport in January
      270 9  -  By VEN SREENIVASAN THANKS to strong travel demand during the Chinese New Year holiday period, Singapore Changi Airport opened the year on a strong note, with 4.24 million passengers passing through its gates in January 2012. Apart from December 2011, this
      270 words
    • Article
      Lock icon Japanese card issuer JCB eyes Singapore market
      411 9  -  It plans to aggressively grow local issuance By ANNA LEE JAPANESE credit card company JCB is looking to have a bigger presence in Southeast Asia, starting with a 10 per cent increase in market share by 2022 in Singapore. “South-east Asia is the
      411 words
    • Article
      Lock icon Slowdown seen in foreign wholesale trade in Q4
      477 9 SINGAPORE’S foreign wholesale trade jumped 13.8 per cent in the last quarter of 2011 from a year earlier, powered by higher prices, especially of oil-related products. After adjusting for price changes, growth in the quarterly foreign wholesale trade index which comprises domestic
      477 words
    • Article, Illustration
      Lock icon Govt studying proposals to help disabled S’poreans
      477 9  -  Committee’s recommendations include incentives to firms for hiring By LEE U-WEN THE government is studying a slew of proposals to improve the lives of disabled Singaporeans, among them a proposal to give incentives to companies that actively hire from this group of people.
      LIANHE ZAOBAO  -  477 words
    • Article
      Lock icon Culture slows family office growth in Asia Pac
      442 9  -  By LESLEY TEOH WHILE Asia Pacific is seeing some growth in the establishment of family offices, the region is still trailing its long-established Western counterparts. According to the inaugural UBS and Campden Research survey of family offices, Asia Pacific houses a mere
      442 words
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      316 9 SLR INTERNATIONAL PROPERTY CONSULTANTS TALKING BUSINESS An Industrial Property Investment Seminar Date: 3rd March 2012 (Sat) Time: 10am to 1.30pm Venue: 65 Chulia Street OCBC Centre West Lobby, 50th Floor Singapore *****3 Nicholas Mak Executive Director, Research Consultancy SLR International Property Consultants Pte Ltd Singapore Industrial Property Market Review The
      316 words
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  • ECONOMY WATCH
    • Article
      Lock icon Greek crisis warps inflation signals, hampering ECB
      667 10 Current rise is driven more by flows than fundamentals, says analyst Bloomberg [LONDON] The Greek debt crisis is making it harder to assess the outlook for inflation as emergency European Central Bank (ECB) loans drive up market gauges even as the region’s economy
      Bloomberg  -  667 words
    • Article, Illustration
      Lock icon Rate appropriate, with room to ease: RBA
      407 10 Bloomberg [SYDNEY] Australia’s central bank kept its benchmark interest rate unchanged this month as risks in Europe abated and said it has scope to ease policy if demand were to “weaken materially,” minutes of its Feb 7 meeting showed. “While the financial situation
      Bloomberg; AFP  -  407 words
    • Article
      Lock icon NZ Q4 growth likely to be modest: survey
      367 10 Reuters [WELLINGTON] New Zealand’s economy probably posted modest growth in the fourth quarter with improving activity seen in more regions, a survey from the National Bank of New Zealand (NBNZ) showed yesterday. The bank’s regional trends survey, seen as a rough pointer
      Reuters  -  367 words
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      221 10 !M] JACKPOT Estimated Draw on Thu, 23 Feb 2012 at 6.30pm at PoMo For details, visit www.singaporepools.com.sg Ip Yri) Always play with care. Do not bet illegally. RGB Reg No: *****0202G Towards Community Purpose and Benefit SINGAPORE m Men’s Health Money-back 1 .Guarantee!.* Prostate t t i j-i. Prostate Health
      221 words
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      699 10 GSAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices m m m m m a REA GROUP RENEWABLE ENERGY ASIA GROUP LIMITED (formerly known as SUPERIOR FASTENING TECHNOLOGY LIMITED) (Incorporated in Bermuda) (Registration No: *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Special General Meeting of RENEWABLE
      699 words
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      202 10 COMPLETION OF DISSOLUTION OF Pinot Grigio Research Development Ltd NOTICE is hereby given that in accordance with Section 92(8) of the International Business Companies Act, 1994, the company Pinot Grigio Research Development Ltd with registration number *****2 was officially dissolved and struck off the register on 14th February 2012. Dated
      202 words
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  • ACCOUNTANCY FUTURES: DIVERSITY WORKS
    • Article, Illustration
      Lock icon The case for diversity
      1595 11  -  Companies see the benefits of business diversity but appear to take a longer time to embrace other forms of diversity. By LYNETTE KHOO COMPANIES are increasingly aware that diversity is important in a complex and globalised world, whether it is in the workforce, the boardroom or
      FILE PHOTO  -  1,595 words
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      46 11 i GtOBW; our trainees and ot nv HO u*2S» the b 6 f' J W'" a na > understand market bus\ nesS Ss^V^ \ssues. good tor accountan rigo rous an the cVraWen&eFIND OUT MORE ABOUT THE GLOBAL BODY +65 6734 8110 www.facebook.com/ACCA.Singapore FOR PROFESSIONAL ACCOUNTANTS info.sg@accaglobal.com www.accaglobal.com
      46 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon HSBC bullish on Malaysian IPO market
      438 12 Strong pipeline of offers, corporate results, organic growth, fund inflows from Europe, US to fuel upside [KUALA LUMPUR] Malaysia should see more initial public offerings in 2012 than last year, as several large companies prepare to list on Bursa Malaysia, according to HSBC. Despite
      438 words
    • Article, Illustration
      Lock icon Indonesia ruling party in danger of losing poll
      294 12 Reuters [JAKARTA] Support for Indonesian President Susilo Bambang Yudhoyono’s ruling Democrat Party has dropped so sharply that it could be pushed out in the next election, a survey suggested on Monday. Dr Yudhoyono was re-elected for a second and final term in
      Reuters; REUTERS  -  294 words
    • Article
      Lock icon Factory investment in M’sia up 18.8%
      317 12 Companies spent more in 2011 as economy expanded Bloomberg [KUALA LUMPUR] Malaysia’s approved factory investment rose in 2011 as an expanding economy prompted companies, including Agilent Technologies Inc and Infineon Technologies AG, to increase spending. Approved investments rose 18.8 per cent to 56.1 billion
      Bloomberg  -  317 words
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      1649 12 National Australia Bank Limited A.B.N. 12 004 044 937 Registered Office: Level 4, (UB4440) 800 Bourke Street, Docklands, Victoria 3008, Australia (All amounts are expressed in Australian currency unless otherwise specified) Statement of Financial Performance For the year ended September 2011 Group Company 2011 $m Statement of Financial Position As
      1,649 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon China banks’ bad debt may jump 26% in ‘12
      659 13 Profit growth put at 15% while net interest margin will shrink: analysts Bloomberg Reuters [BEIJING] Publicly traded Chinese banks’ bad loans may jump 26 per cent this year, after soured debts rose for the first time since 2005 last quarter as
      Bloomberg; Reuters  -  659 words
    • Article, Illustration
      Lock icon Indian consumer price inflation hits 7.65%
      620 13 Pace tops wholesale inflation that has eased to 6.55% Reuters [NEW DELHI] Indian annual consumer price inflation touched 7.65 per cent in January, higher than wholesale inflation for the period but still suggesting price pressures are moderating, adding weight to views that the central
      Reuters; REUTERS  -  620 words
    • Article
      Lock icon Alibaba offers HK$19.6b to privatise listed unit
      298 13 Bloomberg [HONG KONG] Alibaba Group Holding Ltd, in talks to buy back a stake owned by Yahoo! Inc, offered as much as HK$19.6 billion (S$3.2 billion) to privatise a listed unit and gain full control of China’s biggest corporate e-commerce site. The company
      Bloomberg  -  298 words
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      2406 13 Annual Report For The Year Ended 30 September 2011 (All amounts are expressed in New Zealand currency) BANK OF NEW ZEALAND AND SUBSIDIARY COMPANIES STATEMENT OF FINANCIAL PERFORMANCE For the year ended 30 September 2011 Dollars in Millions Consolidated The Company 30/9/11 30/9/10 30/9/11 30/9/10 Interest income 3,742 3,447 4,007
      2,406 words
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      47 14 BMW tops in sales for second year running PML'sMDon drivingforce behindthe success behind the success BMW tops in sales for second year running PMI's MD on driving force behind the success To subscribe, call 6388-3838 or go to sphsubscrlptlon.com.sg To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      47 words
  • WORLD
    • Article
      Lock icon Europe’s debt crisis an opportunity for PE firm Permira
      712 14 NYT [LONDON] Kurt Bjorklund doesn’t seem worried about Europe’s sovereign debt crisis. As competitors pull back from the troubled market, his private equity firm has doubled down on the region, picking through distressed companies from Dublin to Dubrovnik. Since the start
      NYT  -  712 words
    • Article
      Lock icon UK posts biggest budget surplus in 4 years as cuts take effect
      435 14 Jan surplus swells to £7.7b; Osborne not likely to back down on fiscal squeeze Bloomberg [LONDON] Britain posted the biggest budget surplus in four years in January as Chancellor of the Exchequer George Osborne’s spending cuts continue to
      Bloomberg  -  435 words
    • Article, Illustration
      Lock icon Strauss-Kahn held by police in vice probe
      484 14 Reuters [LILLE, France] Ex-IMF chief Dominique StraussKahn was taken in for questioning yesterday by police investigating an alleged prostitution ring run out of this northern French city. A former finance minister once seen as a strong contender for France’s 2012 presidential election, Mr
      Reuters; AP  -  484 words
    • Article
      Lock icon Spain’s barter economy gains ground as country tips into recession
      898 14 Stores in 2 towns start to accept the peseta again Reuters [MADRID] It is 10.30 on a chilly winter’s morning in central Madrid and retailer Emanuela Scena is opening up for business. Her shop is one of several offering second-hand
      Reuters  -  898 words
    • Article, Illustration
      Lock icon Fancy The Scream? Cough up US$80m
      363 14 Reuters [LONDON] Sotheby’s will offer the only privately owned version of Edvard Munch’s haunting work The Scream at an auction in New York on May 2, where it expects it to fetch more than US$80 million. The 1895 work is owned by Norwegian businessman
      Reuters; AP  -  363 words
    • Article
      Lock icon UBS blows the whistle in Libor probe to take heat off itself
      594 16 Move makes it harder for rivals to do same; they could face higher penalties Bloomberg [LONDON] UBS AG’s decision to become first-confes-sor as regulators probe the alleged manipulation of interest rates will ratchet up the risks for other
      Bloomberg  -  594 words
    • Article, Illustration
      Lock icon The new gurus of tech: Kanye and Rakim
      878 16 Rap gives business theory an emotional bond, says investor [MENLO PARK, California] Silicon Valley, where engineers in khakis write software code, might not at first glance have much to do with the world of rap music, where artists in sagging pants write
      NYT  -  878 words
    • Article
      Lock icon UK investigating Libor allegations, says regulator
      321 16 Bloomberg [LONDON] Britain’s Financial Services Authority is investigating “significant cross-border allegations in regards to Libor.” Tracey McDermott, the regulator’s acting head of enforcement, publicly disclosed the probe for the first time in a speech in London yesterday. The UK regulator is probing whether banks’
      Bloomberg  -  321 words
    • Article
      Lock icon Daiwa SB fund set to be Asia’s biggest
      366 16 Assets of its A$ bond fund up almost 10 times from 2009 Bloomberg [SINGAPORE] Daiwa SB Investments Ltd’s Australian bond fund is poised to overtake Kokusai Global Sovereign Open as Asia’s biggest mutual fund this year, bolstered by demand for the country’s
      Bloomberg  -  366 words
    • Article
      Lock icon Ecuador court rejects Hague panel order on Chevron case
      392 16 Reuters [QUITO] A court in Ecuador has rejected an order by arbitrators that a US$18 billion pollution ruling against Chevron should be frozen, but the judges referred an appeal by the US oil company to the country’s Supreme Court. A year
      Reuters  -  392 words
    • Article, Illustration
      Lock icon Olympus’s banks accused of trying to gain control
      715 17 Western investors say major creditors lining up nominees to take over reins Reuters Bloomberg [LONDON] Western investors in Japan’s disgraced Olympus have accused its banks of trying to take control of the boardroom by stealth, amid media reports that the firm’s major
      Reuters; Bloomberg; REUTERS  -  715 words
    • Article
      Lock icon Cash take-up needed to sustain euro support
      772 17 ECB expected to allot 492b euros at 1 next week Reuters [FRANKFURT] The European Central Bank (ECB) needs to feed banks another half a trillion euros or more next week to prevent the benefit that its first batch of three-year funding has had
      Reuters  -  772 words
    • Article
      Lock icon Brain study finds chemical that eases pain of financial loss
      522 17 Reuters [LONDON] Financial market traders and keen gamblers take note. Scientists have found that a chemical in the region of the brain involved in sensory and reward systems is crucial to whether people simply brush off the pain of financial
      Reuters  -  522 words
    • Article, Illustration
      Lock icon Rapper Combs to launch music-oriented cable channel
      391 17 NYT [NEW YORK] Like Oprah Winfrey and Ryan Seacrest before him, music mogul Sean Combs wants a spot on the cable channel line-up. Combs was yesterday expected to unveil his plans for a music-oriented cable channel called Revolt, a public relations agency managing
      NYT  -  391 words
    • Article, Illustration
      Lock icon The rise of the adolescent CEO in Silicon Valley
      725 17 Reuters [SAN FRANCISCO] Josh Buckley, chief executive of an online gaming start-up, is looking forward to next month’s Game Developers Conference in San Francisco, particularly for the parties and the accompanying schmoozing with industry A-listers. There’s one problem: Buckley, who will
      Reuters; REUTERS  -  725 words
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  • FOCUS: PHILIPPINES
    • Article, Illustration
      Lock icon Philippines’ Cinderella moment
      2339 15 Things are turning around for the ‘sick man of Asia’, with a popular president who is backed by both chambers of Congress Reuters IT IS getting busy in Cristino Naguiat’s spacious fifth-floor office overlooking Manila Bay. The chairman of gambling regulator Philippine Amusement Gaming Corp is fielding
      Reuters; REUTERS  -  2,339 words
  • Page 15 Advertisements
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      97 15 uwn/ fa cm yew •Rsli l! W® rf Purchase a Hot Cold water dispenser ONLY $360 and receive: FREE 10 bottles (19L) FREE Holiday Voucher* to Bali/Phuket Malaysia SMS/Email us today, and you will automatically receive additional 2 bottles upon confirmation! *Note: Vacation packages are valid for hotel stay only.
      97 words
  • Page 15 Miscellaneous
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  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      53 16 Property 2012 Watch out for BT’s 40-page bonanza tomorrow HIGHLIGHTS Hot residential projects Property as a retirement asset Outlook for private residential rental market Mass-market segment still going strong Executive condos: Easing your way into private housing What lies ahead for industrial, office and retail property? Outlook for London and
      53 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Decent grades for Malaysia from IMF
      505 18 EDITORIAL IT is significant that the International Monetary Fund (IMF) has given Malaysia’s economic management its qualified approval following its annual Article IV consultations with the government. The IMF praised the central bank’s monetary policymaking while pointing out some fiscal weaknesses. It also noted
      505 words
    • Article, Illustration
      Lock icon Next World Bank head must have fire in the belly
      857 18  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent THERE was a time when World Bank presidents were wont to “bestride the world like Colossuses” (to borrow a phrase from Shakespeare’s Julius Caesar) whereas, nowadays, it seems that the once venerable head
      857 words
    • Article, Illustration
      Lock icon The depressing economics of Pakistani politics
      1023 18  -  Government’s poor economic management and massive corruption are ruining the country By SAJJAD ASHRAF The writer was Pakistan’s high commissioner to Singapore from 2004-2008. He now serves as adjunct professor at the Lee Kuan Yew School of Public Policy and visiting senior research fellow
      AFP  -  1,023 words
    • Article, Illustration
      Lock icon Tackling America’s tax tentacles
      1229 19  -  Non-US financial institutions need to get their act together to comply with Fatca sooner than later By DESMOND TEO DUNCAN EDWARDS The writers are, respectively, associate director of financial tax services and executive director of global financial services at Ernst Young Solutions LLP IN the week
      YEN MENG JIIN  -  1,229 words
    • Article, Illustration
      Lock icon Indonesia’s winding path to the BRICs club
      1045 19  -  Land reform law a major feat but question marks over accountability remain By MIKE PURRA The writer is the founder and managing director of StraitsGlobal, a Singapore-based risk management and research consultancy INDONESIA’S attempts to attract foreign investment took a major leap forward
      1,045 words
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  • Transport HUB
    • Article, Illustration
      Lock icon Rising risk of major spills as bigger ships built
      383 20  -  London consultancy sees need to gear up to react quickly to emergencies By LYNN KAN THOUGH oil spills from accidents at sea are on the decline, the building of bigger ships means more catastrosphic spills in the future, said London Offshore
      383 words
    • Article
      Lock icon Can owners keep getting more ships built and ignore oversupply?
      966 20  -  ICS head says biggest danger is not owners’ insatiable appetite, but shipyard overcapacity STRAIT TALK By DAVID HUGHES THIS is a busy week for International Chamber of Shipping (ICS) chairman Spyros Polemis. On Monday, he made a speech at the
      966 words
    • Article
      Lock icon LNG tanker rates surge on Japanese demand
      699 20 Earnings of major operator Golar seen rising threefold Bloomberg [LONDON] Rates for tankers hauling liquefied natural gas are rising for a third year as expanding Japanese demand for the fuel attracts cargoes from the Atlantic, extending voyages at a time of shipping capacity
      Bloomberg  -  699 words
    • Article
      Lock icon Closing Hormuz will halve Iraq oil exports
      409 20 Reuters [BAGHDAD] Iraq could lose more than half of its oil-ex-porting capability if neighbouring Iran shuts the vital Strait of Hormuz shipping lane, Iraq’s planning minister said, adding no immediate alternatives would make up the shortfall. Of the average 2.165 million barrels per
      Reuters  -  409 words
    • Article
      Lock icon Indian shipping firms will lose insurance due to Iran sanctions
      269 20 Reuters [NEW DELHI] Indian shipping firms will find it difficult to obtain replacement insurance coverage to continue importing Iranian crude oil after new European Union (EU) sanctions come into effect, industry sources said. State-run Shipping Corp of India (SCI), the
      Reuters  -  269 words
    • Article
      Lock icon NITC to pay back BNP Paribas loans
      137 20 Reuters [LONDON] Iran’s biggest tanker operator, NITC, will shortly settle loans owed to French Bank BNP Paribas and is confident it can weather growing turmoil in the sector and the threat of sanctions, the group’s new chief said on Monday. Industry sources told
      Reuters  -  137 words
    • Article
      Lock icon TRANSPORT STOCKS
      255 20 SGX '000 Feb 21 S$ +/-Vol CH Offshore 0.38 -0.01 151 Chuan Hup Hldg 0.24 0.01 661 Cosco Corp 1.31 0.04 ***** s$ Ezra Hldgs 1.31 unch 7293 First Ship Lea 0.21 0.01 1531 Freight Links 0.07 unch 2113 Grand Banks 0.20 -0.01 5 Jaya Hold Ltd 0.55
      255 words
  • Page 20 Advertisements
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      43 20 Low-Cost Global Crew Payments Pay any crew member anytime, anywhere. Direct deposit to bank accounts worldwide Brandable prepaid cards e-wallets Western Union cash pickups at 400k+ locations Multi-currency multi-lingual payment service Online, Mobile IVR account access for crew www.hyperwallet.com/shipping shipping@hyperwallet.com +65 6408 0640
      43 words
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  • ASIA PACIFIC MARITIME
    • Article, Illustration
      Lock icon A new green era in shipping
      1137 21  -  LYNN KAN picks the brain of keynote speaker Noboru Ueda, chairman and president of classification society, ClassNK LYNN KAN BT GETS up close and personal on topics close to the heart of the maritime and offshore industries with key speakers and personalities who will
      1,137 words
    • Article
      Lock icon A keen interest in ship hulls
      131 21 NOBORU Ueda, 68, is one of the keynote speakers at the Asia Pacific Maritime 2012 conference, where he will speak about how Asian shipping can cope with the current downturn and also on impending environmental regulations. Mr Ueda is chairman and president of class
      131 words
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  • TRANSPORT HUB: AVIATION
    • Article, Illustration
      Lock icon Case for FDI in India airlines beefed up
      1031 22  -  Local players buckling under expensive jet fuel, weaker rupee and high interest debt payments By NEETA LAL in New Delhi A RAGING debate on the merits and demerits of allowing foreign carriers to invest in India’s airlines may soon be moot, given
      AP  -  1,031 words
    • Article
      Lock icon Passenger movements at KLIA hit 37.7m in 2011
      471 22  -  By PAULINE NG in Kuala Lumpur MALAYSIA’S Kuala Lumpur International Airport (KLIA) saw 37.7 million passenger movements last year almost 11 per cent higher than 2010 with the international segment of its budget terminal recording the biggest jump of 17 per cent.
      471 words
    • Article, Illustration
      Lock icon Kingfisher Airlines fights for survival as scores of flights are cancelled
      461 22 AFP [NEW DELHI] India’s Kingfisher Airlines was struggling to avoid closure yesterday as regulators ordered it to prove its operational viability after mass cancellations of flights. Scores of national and international flights have been scrapped over the past three
      AFP; REUTERS  -  461 words
    • Article
      Lock icon Russia may stop airlines from paying EU carbon tax
      380 22 Reuters [MOSCOW] Russia may prohibit its airlines from carbon emission trading in protest against a European Union (EU) law it says is unfair, state carrier Aeroflot said. A group of nations will gather here this week to debate possible retaliation to
      Reuters  -  380 words
    • Article
      Lock icon Airlines wooing passengers with luxury lounges
      638 22 Some lounges even offer free liquor and hairdressing services NYT [NEW YORK] Having weathered the 2008 downturn in the global economy, many airlines have begun investing millions of dollars in upgrading their lounges, installing special armchairs, and offering premium liquors, new food selections and,
      NYT  -  638 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      307 22 CRYPTIC CROSSWORD Across 5 Rover may be left here behind shop? (3,4) 7 Dye for hair takes girl hour about! (5) 9 Country doctor enthralled by goddess (6) 10 I put in what may be minute bit of food (8) 11 Emetic damn awful cure! (10) 13 One of pair
      307 words
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  • TRANSPORT HUB: LAND
    • Article
      Lock icon Car dealers adopt wait-and-see approach to new diesel tax
      1007 23  -  Diesel cars offer better performance as well as greater cost savings By SAMUEL EE MOTOR distributors, especially those with European luxury brands, already have diesel models that can take advantage of the new diesel tax structure but are waiting for more
      1,007 words
    • Article
      Lock icon Less chance of ending up with a lemon now than before
      235 23 AP [DETROIT] Car buyers today are less likely to end up with a bad car. In the past five years, global competition has forced carmakers to improve the quality and reliability of their vehicles everything from inexpensive mini-cars to
      AP  -  235 words
    • Article
      Lock icon Mazda to raise 170b yen in share issue, loans
      425 23 The firm is set to post its 4th straight annual net loss Reuters [TOKYO] Japan’s Mazda Motor Corp plans to raise US$2.1 billion to shore up its finances and invest in a new plant in Mexico, financial sources said yesterday a
      Reuters  -  425 words
    • Article, Illustration
      Lock icon Lamborghini expects sales to slow due to weaker China growth
      533 23 Bloomberg [SHANGHAI] Lamborghini SpA, maker of the US$1 million Aventador LP 700-4, said industry sales of ultraluxury sports cars may slow as signs that China’s economy is weakening puts off some buyers. “If you look at the economy right now,
      Bloomberg; REUTERS  -  533 words
    • Article, Illustration
      Lock icon Toyota rolls out more affordable Prius
      433 23  -  By SAMUEL EE THE petrol-electric hybrid is becoming more profitable for Toyota as increasing volumes and innovation bring down the cost of producing this sophisticated car. The new Toyota Prius C hybrid features a new and more compact electric motor that costs less to
      433 words
    • Article
      Lock icon China puts brakes on new foreign carmakers
      440 23 The market is crowded with more than 70 producers Bloomberg [SHANGHAI] China is clamping down on overcapacity in the world’s biggest car market, benefiting companies with entrenched production and sales, such as General Motors Co (GM), while hurting newcomers to the market. Foreign
      Bloomberg  -  440 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3112 24 Transaction date: Feb 21 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 106 -1 359 107 104.5 106 106.5 1.9 10.7 470.5 Net M
      3,112 words
    • Article
      Lock icon SGX CATALIST
      199 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 1 0.2 t Advanced System 0.5 unch 2 0.5 0.4 0.4 0.5 16.7 8.3 Last Quote Div Gr Yld Net M Cap
      199 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7218 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
      7,218 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 $mil 53.5 32.5 AVJennings A36cd +1 10 36 36 34 39.5 3.6 9.7 2.9 93.7 46 25.5 Genting HK US$ US37 -0.5 ***** 38 37 37 37.5 2436.3
      205 words
    • Article
      Lock icon SGX ETF
      913 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 $mil 130 109.5 ABF SG Bond ETF 118 3 118 117.1 117 118 538.6 1261 856 CIMBAsean40 100US$ US1056 +6 1 1056 1056 1055 1060 42.2 *****
      913 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 20 Index Change Change Change Change Change Change World Preliminary 903.2 0.4 8.9 0.0 5.7 0.7 9.6 EAFE Preliminary 748.6 1.0 9.7 0.8 7.3 1.5 11.2 Europe Preliminary 1118.8 0.9 9.0
      373 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 26 CRUDE OIL PRODUCTS Feb 20 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 120.58 1.34 WTI (Near Mth) 105.00 1.54 Dubai (1-Mth F) 117.60 1.39 Tapis blend 129.13 0.65 Minas 127.93 0.65 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 115.56 unch Jet Kerosene 133.40 0.15 US$/barrel Opec Oil
      77 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      99 26 As on 20 February 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT APR2012 1738.70 1731.20 1735.80 176 CURRENCY AUD-USD FUT MAR2012 1.0743 1.0687 1.0749 21 EUR-USD FUT MAR2012 1.3278 1.3183 1.3248 9568 BASE METAL COPPER FUT MAR2012 8327 8216 8266 2935
      99 words
    • Article
      Lock icon SGX FUTURES
      167 26 Feb 21 SICOM RUBBER Futures (Closing prices) RSS 3(US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 12 401.5 398.0 401.2 31 316 Apr 12 406.0 405.5 405.5 8 111 May 12 409.9 409.9 409.8 1 214 Jun 12 410.0 201 Jul 12 410.5 128
      167 words
    • Article
      Lock icon LONDON METALS
      65 26 Feb 20 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2135.25 2121.50 3 months 2179.00 2164.00 Copper, Grade A(US$/tonne) Cash 8230.50 8169.00 3 months 8235.00 8175.00 Lead(US$/tonne) Cash 2020.75 2015.00 3 months 2051.00 2045.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      65 words
    • Article
      Lock icon CHICAGO BOT
      107 26 Feb 17 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 12 1267.50 1258.25 1273.25 1256.25 May 12 1273.75 1265.00 1279.50 1263.75 Jul 12 1282.00 1273.50 1287.75 1272.00 Aug 12 1278.00 1269.75 1281.75 1275.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 12 53.40
      107 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      80 26 Feb 21 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 24-May-12 0.34 0.29 0.28 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-16 102.65 102.8 102.78
      80 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      451 26 Feb 21 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.5325 0 2112 Jun12 99.5100 0 1279 Sep12 99.4700 0 663 Dec12 99.4250 0 1118 EUROYEN TIBOR FUTURES Mar12 99.6700 0 1664 Jun12 99.6700 99.6700 99.6700 99.6700 0 1429 Sep12 99.6675 0 683 Dec12 99.6700 99.6700
      451 words
    • Article
      Lock icon LIFFE
      80 26 Feb 20 COCOA (£/tonne) Close Prev High/Low Mar 12 1505 1494 1515/1487 May 12 1514 1502 1517/1495 Jul 12 1526 1516 1533/1511 Sep 12 1530 1523 1534/1518 COFFEE(US$/tonne) Close Prev High/Low Mar 12 1987 2094 2090/1976 May 12 1987 1994 1995/1971 Jul 12 2006 2007 2011/1988 Sep 12 2026
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1327 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 130 33.00 27 Prem Baker Technology Ltd W*****6 6 unch 10 1 32 10 5.75 9 Best World Intl Ltd W*****5 2 1 30 63
      1,327 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 26 Feb 21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.065 6.746 0.809 8.310 52.680 97.024 0.855 12.042 3.234 1.279 97.362 45.716 1.344 8.212 0.977 31.664 32.938 0.676 1.072 Canada 0.939 6.332
      470 words
    • Article
      Lock icon SIBOR
      66 26 Feb 21 (1**1 1») I mifi (11*0* njinTD 2 mUn ft iftjftj u nw 1,1 t'-ljW 03srw. v mu* >5 D*Mal7 i) t'.i 'l n«inl( I Will I'i/Mli SWAP OHi f raus. (St) 1 mill X 1 arnih* 03<3»o 3 mffi» (1.0511 U d VATU Tinmr ■V.VJO•iWW MWial« f
      66 words
    • Article
      Lock icon PRECIOUS METALS
      142 26 Feb 21 GOLD(US$/oz) Feb 20 Feb 21 Hong Kong 1739.00 1746.00 Feb 21 Feb 17 Feb 20 London 1719.86 1733.79 1720.63 1734.70 Source: Thomson Reuters CAST BAR Feb 21 (S$) Selling Buying Kilobar "75,105.44" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 168 70 5gm 478 350 10gm
      142 words
    • Article
      Lock icon PALM OIL
      57 26 Feb 21 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 12 3224.0 3234.0 3234.0 3208.0 813 3372 Apr 12 3232.0 3260.0 3263.0 3222.0 3453 ***** May 12 3246.0 3268.0 3274.0 3230.0 ***** ***** Jun 12 3244.0 3270.0
      57 words
    • Article
      Lock icon STOCK INDEX FUTURES
      24 26 Feb 21 Open High Sett STI Feb 3025.0 SIMSCI Feb 347.0 349.6 348.8 Taiwan Feb 282.5 283.6 282.5 Source: SGX Derivatives
      24 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Feb 21 S$ Bid Offer 1-month 1.2542 1.2552 2-months 1.2541 1.2551 3-months 1.2539 1.2549 6-months 1.2524 1.2536 Source: OCBC
      22 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 26 Feb 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3432 1.3456 1.0710 1.0720 Canadian dollar 1.2609 1.2629 1.0053 1.0061 Euro 1.6614 1.6630 1.3247 1.3249 NZ dollar 1.0503 1.0522 0.8374 0.8383 Sterling pound 1.9887 1.9904 1.5856 1.5857
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Feb 21 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.376 1.311 Can dollar 1.285 1.236 Euro 1.688 1.624 Sterling pound 2.024 1.947 NZ dollar 1.081 1.03 US dollar 1.274 1.225 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 26 Feb 21 $S Offer Bid 0vernight 0.02 par 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.02 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.50 0.30 3 months 0.65 0.45 6 months 0.90 0.70 9 months 1.05 0.85 12
      154 words
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  • Article
    Lock icon The Business Times Shipping times
    5596 27 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 Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination
    5,596 words
  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      49 27 VISIT The 12'" edition of Asia Pacific MARITIME Shipbuilding Marine Workboat Offshore Asia Pacific Maritime 14-16 March 2012 Marina Bay Sands (SECC), Level 1 Basement 2, Singapore Asia’s Premier Maritime Exhibition Conferences FREE Keynotes Networking Meet over 900 international companies from over 50 countries including 14 Official Pavilions! www.apmaritime.com
      49 words
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      Lock icon Page 27 Advertisements Column 2
      11 27 To All Shipping Advertisers: Please call Joe Wong at 9620 1327
      11 words
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  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      174 28 Shipping Times Shipping lines seeking reliable logistics partners Can they find your services here in the Shipping Times? FORWARDER urgently needed by shippers Oen they find your services Here in the Shipping Times? ADVERTIS JOE WONG AT 9620 1 THE BUSINESS TIMES Shipping times THE RESULTS SPEAK FOR THEMSELVES At
      174 words
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  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      107 29 Wherever you go, never miss out on the stock market action with ShareInvestor Mobile Download forFREEfrom Apple Apps store for iPhone, iPad users and Android Market for Android users. Get it now. Scan QR Code with your mobile and learn more about our application.* Android iPhone You will need to
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      Lock icon Page 29 Advertisements Column 2
      551 29 Gold! Stocks -Bonds I Gold Commodities FX Crosses FX i Options Bonds ETCs CFDs jC^^oc'kCFDs c, x>< c'X, Bonds FX Commodities FX Crosses FX Options Gold FX > Q p 5tocks ETFs ETCs VO^^v^o^tis?'.Futures FX CFDs Stocks ETFs WcWCTC/. 6 0 n d 5 <6°a6 c&CP m I PC FX
      551 words
  • executive Money
    • Article, Illustration
      Lock icon The bank loan as an investible asset class
      828 29  -  Leveraged loans are an alternative to high yield bonds, says GENEVIEVE CUA GENEVIEVE CUA INVESTORS normally think of bank loans simply as a means of financing, but they are actually also an investible asset class. Mark Boyadijian, portfolio manager at Franklin Templeton
      Source: Standard and Poor’s/LCD and S&P/LSTA Leveraged Loan Index  -  828 words
    • Article, Illustration
      Lock icon Israel tops in risk-adjusted gains in developed markets
      1646 31  -  Investors discount war threat, credit its success to the technological innovation of its companies By TAL BARAK HARIF Bloomberg ISRAEL, under threat of war from its neighbours since being founded in 1948, produced better risk-adjusted returns than all other developed stock markets
      Bloomberg; BLOOMBERG  -  1,646 words
    • Article, Illustration
      Lock icon Asia hedge fund industry finds the going tough
      1333 32  -  More closures likely as investors punish underperformers after funds lost 8.5% last year By NISHANT KUMAR Reuters A ROUGH year for Asian hedge funds in 2011 exposed the long-only bias of many managers’ portfolios, leaving the industry fighting a tough battle to
      Reuters; AP  -  1,333 words
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  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      648 30 'tf V, iM oV C Vr .4 <' r .1 t -imx GOOSE THAT ;< f1 t v.. 1 T> < < r r ST f £r.:..V A 1«» A f :■> j] -■'■A r j i r r P V v r f A-1 rtt f f .aj* Ammm
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