The Business Times, 24 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$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Friday, February 24, 2012
    25 words
  • Article, Illustration
    Lock icon S’pore core inflation at 3-year high of 3.5%
    746 1  -  It is likely to hover around 3% in next few months due to earlier cost increases By TEH SHI NING [SINGAPORE] Even before Budget 2012’s measures have had a chance to work their way into higher consumer prices, evidence of pass-through from
    Source: Department of Statistics  -  746 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      110 1 HST INDEX 2,968.34 (-27.25) HST INDEX FUTURES 2,968 (-27) HSIMSCI 345.21 (-1.49) HSIMSCI FUTURES 344.90 (-1.70) US$ S$ US$ (S$ per US$) 1.257 (US$/S$ per 1.569 1.972 EURO (US$/S$/E) 1.327 1.669 Foreign currency per US$ S$ YEN 80.20 63.80 RM 3.018 2.401 HK$ 7.756 6.169 BAHT 30.42 24.19 RUPIAH
      110 words
    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.546 TAIWAN 5.036 JAPAN 1.475 Source: Source: Bloomberg Source: Bloomberg
      20 words
  • Article, Illustration
    Lock icon DBS hit by card skimmers again
    544 1  -  A total of $23,000 withdrawn from bank’s S’pore ATMs By GRACE LEONG [SINGAPORE] Card skimmers have again raided DBS Bank accounts this time, right in Singapore. The bank said yesterday in a press statement on card replacement that unauthorised withdrawals totalling $23,000 were made
    ST FILE PHOTO  -  544 words
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      77 1 MOTORING $3.6m S’pore’s most expensive car PAGE 4 COMMENTARY Towards simpler hedge accounting rules PAGE 21 HOCK LOCK SIEW SGX must just hit offenders hard PAGE 5 EXECUTIVE LIFESTYLE Oscar wannabe awards I PAGE 32 Tongues of ire I PAGE 29 Alternative take on rock I PAGE 30 *****1 *****4
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      9 1 COMPANIES SembMarine’s Q4 net profit slips 4% PAGE 7
      9 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon More problem-gambling safeguards soon
      1009 2  -  National Council on Problem Gambling survey for 2011 spotlights emerging concerns By GRACE LEONG [SINGAPORE] Problem-gambling rates and overall gambling participation rates in Singapore may have been stable in the two years since the opening of the two integrated resorts, but the government is stepping up
      1,009 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      596 2 S’pore core CPI at 3-year high of 3.5% EVEN before Budget 2012’s measures have had a chance to work their way into higher consumer prices, evidence of pass-through from earlier cost increases, including labour cost hikes, has surfaced in January’s inflation data. Consumer price inflation eased to 4.8
      596 words
    • Article, Illustration
      Lock icon Is a CPIB probe necessarily material and disclosable info?
      1049 2  -  The quality and nature of advice that the Airocean directors received from their lawyers has emerged as a key point of contention in the trial. By KENNETH LIM [SINGAPORE] Just the fact that a company chief executive is called for questioning
      1,049 words
    • Article
      Lock icon Mixed Q4 for local banks despite strong lending
      592 2  -  By EMILYN YAP [SINGAPORE] Local banks posted a mixed set of results for the fourth quarter even though their main lending businesses did well, as the volatile investment environment continued to shake non-interest incomes. DBS Group surprised the market with a Q4
      592 words
    • Article
      Lock icon Peter Kwee sells Nassim Rd plot for about $47.8m
      587 4  -  $2,000 psf on land area is a new high for a GCB on Nassim Road By KALPANA RASHIWALA [SINGAPORE] Motoring tycoon Peter Kwee is said to have sold a vacant plot along Nassim Road for about $47.8 million or $2,000 per
      587 words
    • Article, Illustration
      Lock icon $3.6m – S’pore’s most expensive car
      571 4  - $3.6m S’pore’s most expensive car By SAMUEL EE [SINGAPORE] Singapore’s most expensive car is being launched this weekend and its distributor aims to sell as many as three units a year. The Pagani Huayra starts from $3.6 million and Melvin Goh of EuroSports Auto believes he can move “one to
      571 words
    • Article
      Lock icon Lower DC rates for commercial use likely: consultants
      1210 4  -  By KALPANA RASHIWALA [SINGAPORE] Development charges (DC) payable to the state in exchange for the right to enhance the use of certain sites or to build bigger projects on them have been revised upwards for most major use groups every six months
      1,210 words
    • Article
      Lock icon Facebook insiders push its value to US$100b in private trading
      821 4 Bloomberg [SAN FRANCISCO] Facebook Inc is already trading like a public company as insiders and wealthy investors use private marketplaces to buy and sell stock in the social-networking company ahead of its initial public offering (IPO). The shareholder base has
      Bloomberg  -  821 words
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      255 3 www.citroen.com.sg/DS4 INTRODUCING THE WINNER OF THE MOST BEAUTIFUL CAR OF THE YEAR.* I ENDS4 -T-. mm HR m 'KJrV.l •a;o. 7.: ?3* C': mi It T-3 A/ TSs? ss^sai to®* r mmm r r 'W} ■A HE w Unlike any car you've seen, the new CITROEN DS4 is a revolutionary
      255 words
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  • Page 5 Advertisements
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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
      132 words
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      39 5 Fatty Foods Hurt iYour Liver Junk foods and red meats may contain high levels of trans and saturated fats which build up in your liver. Over time, it may weaken your liver functions. Health news from I LIVE WELL
      39 words
  • COMPANY NEWS
    • Article
      Lock icon SGX must just hit offenders hard
      747 5  -  HOCK LOCK SIEW By R SIVANITHY IN HER excellent commentary, “Why S-chip fraud cases keep cropping up” (BT, Feb 17), NUS finance professor Qian Meijun identified the local market’s low valuation as one reason for the scandals relating to China stocks that investors have
      747 words
    • Article
      Lock icon UOB Q4 earnings fall 21% to $558m
      639 5  -  Group slashes European bank debt exposure; absence of one-time gain By CONRAD TAN UNITED Overseas Bank’s net profit fell 21 per cent year on year to $558 million for the fourth quarter, missing analysts’ estimates. The bank’s bottom line was hurt by losses
      639 words
    • Article, Illustration
      Lock icon SembMarine net profit slips 4% to $229m in Q4
      491 7  -  It plans 14-cent special dividend and final of 6 cents, says 2012 orders could top $9b record By LYNN KAN SEMBCORP Marine delivered fourth-quarter net profit that beat estimates, despite falling 4.3 per cent to $229 million from $239.4 million in
      BLOOMBERG FILE PHOTO  -  491 words
    • Article
      Lock icon Cosco (S) full-year profit down 44%
      480 7  -  By JOYCE HOOI COSCO Corporation (Singapore) suffered a 44 per cent drop in full-year net profit on the back of higher costs in its shipyard operations and higher taxes. For the 12 months ended Dec 31, 2011, net profit attributable to shareholders dropped to
      480 words
    • Article
      Lock icon NOL sinks 8 cents to $1.345 after posting huge losses
      349 7  -  Shipping giant’s deficits worse than expected By LYNN KAN MORIBUND full-year results brought Neptune Orient Lines down to earth with its share price plummeting eight cents to $1.345 by the end of yesterday’s trading session. The shipping and logistics giant
      349 words
    • Article, Illustration
      Lock icon ST Engg posts $528m full-year net profit
      520 8  -  Group has record orderbook of $12.3b, expects higher sales in 2012 By JAMIE LEE ST Engineering which rang in a record orderbook of $12.3 billion said yesterday that it expected higher revenue and pre-tax profit this year, with about onethird of the order
      ST AEROSPACE  -  520 words
    • Article, Illustration
      Lock icon HPH Trust puts faith in ports’ scale, reliability
      659 8  -  It sees boon from bigger ships, more sharing of vessels By LYNN KAN BIGGER vessels, more shipping lines sharing vessels all this only bodes well for the ports held by Hutchison Port Holdings (HPH) Trust, said its trustee-manager’s CEO in an interview
      659 words
    • Article
      Lock icon Rotary Engg’s Q4 earnings slide 69% to $8.3m
      404 8  -  Revenue down 19%; full-year profit halved to $31 m By RONNIE LIM ROTARY Engineering’s fourth-quarter net profit fell 69 per cent to $8.3 million from a year ago, on the back of a 19 per cent dip in revenue to $129.7 million.
      404 words
    • Article
      Lock icon Ex-China Sky ID resigns from Oceanus board
      414 8  -  Lai Seng Kwoon cites work commitment By LYNETTE KHOO LAI Seng Kwoon, a former independent director (ID) of China Sky Chemical Fibre, has resigned as ID and audit committee chairman at Oceanus Group. The practising accountant has recently come under the spotlight after
      414 words
    • Article
      Lock icon LME delays plans to increase fees
      404 8 Board meets to discuss bids for the exchange Reuters NYT THE London Metal Exchange (LME) is expected to delay by several months a plan to increase its fees after a few members expressed their opposition, the Wall Street Journal said yesterday, citing anonymous sources
      Reuters; NYT  -  404 words
    • Article
      Lock icon YHI profit rises 16% to $38.2m in 2011
      518 8  -  By SAMUEL EE STRONGER demand for its products helped YHI International roll to a 16 per cent rise in net profit to $38.2 million for the full year ended Dec 31, 2011. Revenue for the Singaporebased distributor of tyres, alloy rims and
      518 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Earnings, Greece weigh on sentiment
      590 6  -  ST Index sheds 27 points, the broad market is also weak at 111 rises against 345 falls STOCKS R SIVANITHY Senior Correspondent WEIGHED down by a spate of disappointing results, the Straits Times Index (STI) yesterday dropped 27.25 points to 2,968.34 in a second day
      Source:  -  590 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      64 6 Feb 23 VALUE CLOSE BT OB/OS -211.00-260.00 BT CADI -*****.00-237.00 BT 10-day MA -*****.00 -21.00 FTSE ST Mid Cap 687.95 -2.81 FTSE ST Small Cap 464.46 -5.69 FTSE ST All Share 719.23 -6.14 FTSE ST China Top 232.30 -2.92 FTSE ST China 257.56 -2.94 FTSE ST Catalist
      64 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 6 VOLUME SP 17.769,000 tstenHltla. 1.64.680,000 ToqOIMwl M 1,443.000 lonon- Ufp Dt)W*ri '‘O' 1 66,068,000 MOl 0(W4/,W Vomo 58,219.000 ttm iimm IM O/.O/j.OOO Artiwwon 41,443J»0 a*iimr..wiifun <10,763,000 VALUERS! Cwmimjj *tV i9ttipS,l>95 JO 7,690,036 Wilm.n 170., 866,630 MnhIMiip 101.OKI .060 SinoThl 84,410.960 UOl »8,yii.74i D3! Cun 60,063,930 ntnm M>.
      59 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 11 2 0 0 0 4 11 2 Manufacturing 29 108 24 9 9 5 38 117 29 Commerce 11 37 16 1 7 1 12 44 17 Tpt/Stor/Comms 5 23 10
      186 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      910 6  -  Compiled by JOYCE HOOI Ezion Holdings Feb 23 close: S$0.96 Maybank Kim Eng Research, Feb 23 EZION has made two significant announcements. Firstly, its 45 per cent FY2011 net earnings growth is clear validation of its bullish prospects. Secondly, it has secured its larg-est-ever liftboat contract, this time
      910 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,487 18,487 60,173 60,173 Manufacturing 287,290 108,804 396,094 311,044 3,775 314,819 Commerce 233,761 10,594 244,355 254,590 768 255,358 Tpt/Stor/Comms 281,472 45,454 326,926 358,203 7,876 366,079 Finance 17,594 167 17,761 137,482 41 137,523 Construction 115,294 158,712
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      110 6 Stock name Close Change CapMallsAsia 1.550 -0.015 CapitaLand 3.010 -0.100 CapitaMall 1.770 -0.025 CityDev 11.160 ComfortDelGro 1.525 DBS Grp 14.100 -0.050 F&N 6.560 +0.080 GLP 2.140 +0.050 Genting SP 1.615 -0.050 Golden Agri 0.770 -0.005 HK Land 5.480 -0.040 JMH 48.600 -2.090 JSH 29.850 -0.910 Jardine
      110 words
    • Article, Illustration
      Lock icon Euro soars vs $, yen on German data
      462 6 Euro soars vs yen on German data CURRENCIES Reuters [LONDON] The euro rose to a 10-week high against the US dollar and its strongest since November versus the yen yesterday, after bet-ter-than-expected German data eased concerns about a bleak eurozone economic outlook. However, the conviction that Greece’s latest bailout deal
      Reuters; AP  -  462 words
    • Article
      Lock icon RISES
      111 6 BY CENTS CLOSE UP GLD 10US$ ***** 285.3 1.3 DBXT DBLCI-OY 5US$ 4052 245.1 5.1 Asia Pac Brew 3300 50.0 1.5 DBXT FTVietnam 10US$ 2414 42.7 1.4 DBXT AUD Bonds 5AU$ ***** 32.2 0.1 DBXT iBoxxSing 5SG$ ***** 23.0 0.2 TIH 197 20.0 11.3 DBXT FTChina25 10US$ 2986 15.1
      111 words
    • Article
      Lock icon FALLS
      136 6 BY CSMTS CLOSE MW( JMH «60 t 4j db>:t NIHv 10.05$ (1422 1?-, M Hyriw CVp CPS 10 1*20-1 lo.o 1 J5H 2335 mn -iO DO XT MSKorfed >0US$ S779 1-UG m Jarclfnc CSC 4516 <LQ. -1 1 Lyxor Chins H 'O.US$ MSS ■2 £.4 -14 DBXT MSINOIa ICh^Si
      136 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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      261 7 PROTECT YOUR LIVER Usual: $109.95 Protect your liver with LAC Activated Liver Protector $55for 2nd box MAHS*****94 MAHP*****09 6281 5688 or 6757 4403 THE FORTUNA NZ RACING STABLE SINGAPORE TRAINER MARK WALKER BECOME INVOLVED IN THOROUGHBRED RACING IN SINGAPORE AND NEW ZEALAND BY WAY OF SHARED OWNERSHIP FORTUNA Syndicated horses
      261 words
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  • Page 9 Advertisements
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      88 9 JUSTIFIABLY EXPENSIVE i t R-A6200S $4799 DEFINITELY NOT FORTHE MASSES THE INTELLIGENT FRIDGE FROM HITACHI Eco-friendly innovation that comes with stunning looks. With Hitachi's Original Vacuum Compartment Refrigerator, its ingenious Frost Recycling System and the ability to intelligently memorise user behaviour, it's truly in a class of its own. So
      88 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Business park, high-tech space rents jump despite slowdown
      443 10  -  DTZ Asia Pacific Research sees industrial rents moderating by 7% By MINDY TAN INDUSTRIAL space demand and rent continue to hold their own, even in the midst of a slowdown, with business park and hightech space rents jumping 5.6 per cent and
      443 words
    • Article, Illustration
      Lock icon Takashimaya to anchor Vietnam mall
      452 10  -  It will also take a stake in Keppel Land project By NISHA RAMCHANDANI TOSHIN Development Co, the real-estate subsidiary of Takashimaya Co, has entered into a share-purchase agreement with Keppel Land to acquire a 22.7 per cent stake in Phase Two of Saigon Centre, in
      452 words
    • Article
      Lock icon CPFIS funds rebound in Q4 on eurozone optimism
      395 10  -  By BRYAN KOH AN improved fourth quarter enabled funds under the Central Provident Fund Investment Scheme (CPFIS) to rebound from a dismal Q3, buoyed by improved global equity market sentiment in Europe. While there were signs of encouragement in Q4 2011, it
      395 words
    • Article
      Lock icon MDA plays job matchmaker in $1m scholarship scheme
      576 10  -  Stints in media outfits for scholarship recipients By JOYCE HOOI THE motley crew that populate the media content and production trade here might be dismissed by parents as “drawing cartoons for a living”, as an industry person put it, but a $1
      576 words
    • Article
      Lock icon Allen & Gledhill wins accolades in global review
      403 10  - Allen Gledhill wins accolades in global review Survey also honours WongPartnership, Drew Napier By GRACE LEONG ALLEN Gledhill grabbed top accolades in many areas of legal practice here, according to Chambers Partners, which publishes a well-regarded annual directory and review of law firms worldwide. The Big Four law firm was
      403 words
    • Article
      Lock icon Oil & gas sector wages in S’pore lead region
      276 10  - Oil gas sector wages in S’pore lead region By EVE YEO WORKERS in the oil and gas sector in Singapore have the highest local average permanent wage in the region. At an average of US$79,700 per year, Singapore beats not just the rest of South-east Asia, but China as well
      276 words
    • Article
      Lock icon INSEAD to launch Master in Finance course
      230 10  -  By LIM WEI SHENG TOP business school Insead will be launching a Master in Finance degree at its Singapore campus in April next year. Geared at existing finance professionals, the course is designed to “prepare the next generation of financial leaders that will
      230 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Japan manufacturing sentiment takes a hit
      516 11 February index falls to lowest level since aftermath of last March’s earthquake Reuters [TOKYO] Japanese manufacturing sentiment this month slid to its lowest since the aftermath of the earthquake last March, a Reuters poll showed, indicating the world’s No 3 economy may struggle to
      Reuters; AP  -  516 words
    • Article
      Lock icon Thailand: best bet after China in emerging markets
      769 11 Bloomberg [BANGKOK] During 10 turbulent years in Thailand, Kittiratt Na-Ranong tackled jobs ranging from president of the stock exchange to manager of the national soccer team, an underperforming outfit nicknamed the War Elephants. Now, Mr Kittiratt, 54, has taken on a task
      Bloomberg  -  769 words
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      86 11 can you change the game? you can But do it predictably. Go for more than marginal improvement. Don’t create the kind of change that creates chaos and disruption. Change the game. But change it effectively and intelligently. Our solutions can help you simplify, secure and accelerate your performance in a
      86 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon M’sian O&G, construction firms good bets
      479 12 They will benefit from Economic Transformation Programme deals Reuters [KUALA LUMPUR] Companies benefiting from oil and gas (O&G) and construction contracts flowing from Malaysia’s Economic Transformation Programme (ETP) will be a good investment bet ahead of the country’s general election, said a manager of
      Reuters  -  479 words
    • Article, Illustration
      Lock icon Maybank net jumps a fifth to RM2.6b
      450 12  -  By PAULINE NG in Kuala Lumpur MALAYAN Banking (Maybank) has posted a profit after tax of RM2.6 billion (S$1.08 billion) for the six months to Dec 31, 2011 a fifth higher than the corresponding period in 2010 on the back of strong growth
      BLOOMBERG  -  450 words
    • Article
      Lock icon FELDA listing may be held back
      439 12 Farmers’ opposition to IPO is a political risk for Najib Reuters [KUALA LUMPUR] Malaysia could delay a US$2 billion listing of a state-linked palm oil firm as farmers’ opposition to the deal risks undermining the ruling coalition in fiercely contested national polls expected this
      Reuters  -  439 words
    • Article
      Lock icon Indonesia needs to raise fuel prices: president
      407 12 Higher global oil prices are pressuring this year’s budget Reuters [JAKARTA] Indonesia will have to raise subsidised fuel prices as higher global oil prices are pressuring this year’s state budget, President Susilo Bambang Yudhoyono said. Dr Yudhoyono did not give a timeframe or
      Reuters  -  407 words
    • Article
      Lock icon Malaysian court action could delay Lynas rare earths plant
      330 12 Reuters [MELBOURNE] A legal challenge launched in Malaysia against Australia’s Lynas Corp threatens to delay one the world’s few new major sources of rare earths aimed at alleviating China’s stranglehold on global markets. Residents in Malaysia’s Kuantan area in Pahang state
      Reuters  -  330 words
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      460 12 im wat>i notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF CHOOENG INVESTMENT CO. PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****2433Z) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of the abovenamed company duly convened
      460 words
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      317 12 WINTECH PROPERTIES PTE LTD (In Voluntary Liquidation) (Company Reg. No. 2006-*****-D) NOTICE IS HEREBY GIVEN PURSUANT TO SECTION 308 OF THE COMPANIES ACT, CAP. 50 THAT A FINAL GENERAL MEETING OF THE COMPANY WILL BE HELD ON THE 23RD MARCH 2012 AT 10.00 A.M. AT 9 KELANTAN LANE #06-01, SINGAPORE
      317 words
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      364 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SINO MOTOR PTE. LTD. (In Voluntary Liquidation) (Company Registration No. *****0878W) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of SINO MOTOR PTE. LTD. which was deemed to have been duly held on
      364 words
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      304 12 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NANYANG MANUFACTURING COMPANY (PRIVATE) LIMITED (Company No: *****0021H) (In Members’ Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act, Cap. 50 the Final
      304 words
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      210 12 In the matter of the Companies Act, Cap 50 And In the Matter of Vesta Investment Corporation Limited (In Members’ Voluntary Liquidation) (Registration No.: *****9605M) NOTICE OF FINAL MEETING Notice is hereby given that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the members
      210 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon ‘Princelings’ take up key posts in China’s telcos
      495 13  -  Sons of PM Wen and party propaganda chief promoted to senior positions By FREDERICK YEUNG EJ Insight [HONG KONG] China’s “princelings”, the offspring of top Communist Party leaders, are taking up important positions at the nation’s state-owned telecommunications firms, reflecting their growing
      EJ Insight  -  495 words
    • Article
      Lock icon India expects 8% growth in next fiscal year
      494 13 AFP [NEW DELHI] India’s economic growth could accelerate by as much as 8 per cent in the next fiscal year despite a difficult global climate, a top government panel said on Wednesday. Asia’s third largest economy has lost momentum since the central
      AFP  -  494 words
    • Article, Illustration
      Lock icon Wen seen targeting growth of less than 8%
      586 13 Bloomberg [BEIJING] China’s Premier Wen Jiabao is seen signalling next month that curbing pollution, inequality and the risk of financial instability eclipse the benefits of faster economic growth, a survey of analysts indicated. Mr Wen will target an expansion of less than
      Bloomberg  -  586 words
    • Article, Illustration
      Lock icon Tang’s bid for HK top job secure despite scandals
      805 13  -  By SHU-CHING JEAN CHEN in Hong Kong HENRY Tang Ying-yen is widely tipped as the preferred candidate of Beijing to head Hong Kong government as its next chief executive. With a steady stream of revelations of extramarital affairs and transgression of
      805 words
    • Article
      Lock icon Leung puts in bid for post of HK chief exec
      246 13 Bloomberg [HONG KONG] Leung Chunying, the frontrunner in opinion polls to be Hong Kong’s next leader, filed nomination papers yesterday as his main rival grapples with a scandal over an illegal basement. Mr Leung, 57, got 293 nominations from the
      Bloomberg  -  246 words
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      157 13 ENTRAL JJ L 1 NK A Rare Business Development at CBD Fringe ip 1 Vr V e' 9 QUEENSTOWN MRT TIONG BAHRU MRT Terms and conditions apply Estimated monthly installment based on 70% Bank loan of 1.75% for 25 years Rental yield of 6% is calculated based on Median Rental
      157 words
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  • WORLD
    • Article, Illustration
      Lock icon Gillard-Rudd showdown on Mon
      714 14 Ruling Labor party to hold leadership ballot as dispute comes to a head AFP [SYDNEY] Australian Prime Minister Julia Gillard yesterday called a ballot on the leadership of the ruling Labor party, bringing to a head an increasingly bitter and ugly row with her predecessor Kevin
      AFP; AP  -  714 words
    • Article
      Lock icon Cameron stands by big business to quash banker-bashing
      454 14 There’s concern for effect on corporate taxes, investment Reuters [LONDON] British Prime Minister David Cameron leaped to the defence of big business yesterday in the government’s latest attempt to calm a public and political backlash against bankers and highly-paid executives at large
      Reuters  -  454 words
    • Article
      Lock icon Banks see boost in Asia-Pacific
      484 14 syndicated loans Bloomberg [SINGAPORE] The region’s biggest lenders say that property deals and refinancing will buoy Asia-Pacific syndicated loans in 2012 after the slowest start in eight years. ConnectEast Group, the owner of the EastLink motorway in Melbourne, approached banks for a A$1.2 billion (S$1.6
      Bloomberg  -  484 words
    • Article, Illustration
      Lock icon BOE policy stance must be expansionary, says policymaker
      458 14 Reuters [LONDON] The Bank of England must maintain a very expansionary monetary policy as the economy is still in a “precarious” situation, David Miles, a policymaker at the bank, said yesterday. Mr Miles, who joined long-standing dove Adam Posen in voting for
      Reuters; REUTERS  -  458 words
    • Article, Illustration
      Lock icon Berkshire reinsurance makes Thai headway
      742 16 Sources say that it’s capitalising on flood-hit rivals’ retreat Reuters [BANGKOK] Warren Buffett’s Berkshire Hathaway is pushing into the Thai reinsurance market and selling cover for higher rates, taking advantage of the retreat of competitors such as France’s CCR after they suffered losses from last
      Reuters; BLOOMBERG  -  742 words
    • Article, Illustration
      Lock icon Cindy Sherman pix could top last year’s US$13.7 million
      588 16 Auction follows retrospective at NY Museum of Modern Art starting Sunday Bloomberg [NEW YORK] Shortly after a major Cindy Sherman retrospective opens at New York’s Museum of Modern Art (MoMA) this Sunday, one of her most famous images will be sold
      Bloomberg; REUTERS  -  588 words
    • Article
      Lock icon HSBC to withdraw from Japan consumer banking
      500 16 UK lender to end operations in its branches by July 31 Bloomberg [TOKYO] HSBC Holdings Plc, Europe’s largest bank, will withdraw from consumer banking in Japan, closing down six branches four years after starting the business. HSBC will stop selling new investment products,
      Bloomberg  -  500 words
    • Article
      Lock icon Pawnbrokers for prosperous accept wine as collateral
      468 16 Easier and faster for them to get loans for biz opportunities Reuters [NEW YORK] Some US pawnbrokers are taking liquid assets literally. Along with family jewels and fine art, they will accept wines as collateral for loans to help ease cash shortages of
      Reuters  -  468 words
    • Article
      Lock icon Credit Suisse under fire over investment banking arm
      737 16 Shareholders pile pressure to trim down size and cost of its operations Reuters [ZURICH] Credit Suisse is facing increased shareholder criticism about the size and cost of its remaining investment banking operations, raising pressure on chief executive Brady Dougan for more cutbacks.
      Reuters  -  737 words
    • Article
      Lock icon Concerns grow over Europe’s corporate, household debt
      705 17 Rising risk of bad debt as austerity points to weak growth or recession Reuters [LONDON] Away from the markets’ fixation with the debts of Greece and other governments, concern is growing at the painfully slow progress Europe is making in tackling a much
      Reuters  -  705 words
    • Article
      Lock icon Asia drawn to depressed Europe assets
      496 17 Bloomberg [HONG KONG] Asian chief executive officers are preparing to accelerate acquisitions in Europe to take advantage of asset prices depressed by the continent’s sovereign debt crisis, according to Citigroup Inc. The number of deals that the New York-based bank is working on involving
      Bloomberg  -  496 words
    • Article, Illustration
      Lock icon EARTH AWAY FROM EARTH
      76 17 THIS handout artist’s view provided by the European Space Agency (ESA) and released on Feb 21 shows GJ1214b, a super-Earth orbiting a red dwarf star 40 light years from Earth. New observations from the Nasa/ESA Hubble Space Telescope show that it is a waterworld enshrouded by
      AFP  -  76 words
    • Article, Illustration
      Lock icon Switzerland demands banks help clean up tax-haven image
      530 17 Reuters [BERNE] Switzerland announced plans on Wednesday to force its secretive banks to do more to make sure foreign clients’ money is taxed in an attempt to shake off its image as a haven for untaxed funds as it seeks to end
      Reuters; AFP  -  530 words
    • Article
      Lock icon Judge: BP, partner Anadarko liable for Deepwater blowout
      370 17 Each liable for civil penalties for roles in offshore oil spill AP [NEW ORLEANS] A federal judge ruled on Wednesday that BP plc and one of its minority partners in the blown-out Macondo well are liable for civil penalties under the Clean
      AP  -  370 words
    • Article
      Lock icon Rising optimism bumps up Obama’s approval rating
      653 17 New poll shows Democrats, Republicans both say nation is heading in right direction AP [WASHINGTON] President Barack Obama is reaping political benefits from the brighter economic mood in the United States. A new poll shows that Republicans and Democrats alike are saying increasingly
      AP  -  653 words
    • Article
      Lock icon 2nd recession in 3 years seen for Euro zone
      627 18 EU official predicts just mild slowdown; EU also expected to stagnate Reuters [BRUSSELS] The euro zone’s economy is heading into its second recession in just three years, while the wider European Union will stagnate, the EU’s executive said yesterday, warning that
      Reuters  -  627 words
    • Article, Illustration
      Lock icon German biz confidence hits 7-month high
      613 18 Bloomberg [FRANKFURT] German business confidence rose more than economists forecast to a seven-month high in February as progress in taming Europe’s debt crisis tempered the risk of a recession. Italian consumer confidence also rose as the easing of Europe’s sovereign debt crisis buoyed household
      Bloomberg; AP  -  613 words
    • Article
      Lock icon RBS, Commerzbank, Credit Agricole write down Greek debt
      520 18 Reduction of at least 74% reflects estimated loss in securities’ net present value Bloomberg [LONDON] Royal Bank of Scotland Group plc, Commerzbank AG of Germany and France’s Credit Agricole SA booked losses on their Greek government debt two days after creditors agreed
      Bloomberg  -  520 words
    • Article, Illustration
      Lock icon Ex-IMF chief freed by police but faces further grilling
      430 18 AFP [LILLE, France] Former IMF chief Dominique Strauss-Kahn has been freed from French police custody after two days of questioning about an alleged prostitution ring but faces a further grilling next month. The disgraced French politician also heard on Wednesday that
      AFP  -  430 words
  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      43 14 y i L t It I 1 ,>*i Hi in '■■■ill <***** m JERRY LUM Snr Marketing Director, MBA, CES cea licence no: r *****6 d HP: 8288 0098 View: jerrylum.myweb.sg EKA Estate Agent Licence No L*****82K When You Buy, Sell, or Rent
      43 words
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      Lock icon Page 14 Advertisements Column 2
      19 14 TODAY IN ft Lianhe Zaobao Lawyers: latest stance on China reasonable! To subscribe, call 6388-3833 or go to sphsubscrlptlon.com.sg
      19 words
  • Page 14 Miscellaneous
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  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      1628 15 Banking Corporation %l^estpac Banking Corporation Westpac Banking Corporation and its controlled entities (All figures quoted in Australian dollars) STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2011 Balance sheets as at 30 September Consolidated Parent Entity DIRECTORS Directors of Westpac during the financial year ended 30 September 2011 were:
      1,628 words
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  • Page 18 Advertisements
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      70 18 Valentine’s Promotion Subscribe to Shape and Men’s Health! FREE six issues when you sign up for 12 issues at only $72! PLUS Win a pair of Ingersoll watches* worth $1,148 when you subscribe! Three pairs (Ingersoll Corondo for him, worth $559 each, and Ingersoll Baton Rouge for her, worth $589
      70 words
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      Lock icon Page 18 Advertisements Column 2
      26 18 TRADING PLACES North and south Indian cinema are teaming up MUSTAFA TO OPEN SERVICED APARTMENTS GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
      26 words
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  • AVIATION/SHIPPING
    • Article
      Lock icon 7.6% annual growth seen for Asia-Pac logistics markets
      367 19  -  Frost Sullivan expects S’pore’s T&L sector to grow at an annual 6.2% By LIM WEI SHENG [SINGAPORE] Research firm Frost Sullivan has forecast 7.6 per cent annual growth for 12 Asia-Pacific transportation and logistics (T&L) markets, reaching US$4.09 trillion in 2016. Gopal
      367 words
    • Article, Illustration
      Lock icon Frankfurt airport union suspends strike
      432 19 Bloomberg [FRANKFURT] Strike action that disrupted flights at Frankfurt airport on five of the past seven days has been suspended after a union representing the hub’s ground controllers accepted an offer of unconditional talks. “We have accepted Fraport’s offer of talks,” union spokesman Matthias Maas
      Bloomberg; REUTERS  -  432 words
    • Article
      Lock icon 50% of dry-bulk carrier orders could be canned
      396 19 Companies likely to cancel ’07-08 deals as prices have fallen Bloomberg [LONDON] As many as 50 per cent of commodity carriers on order at yards worldwide may never be built after 56 per cent of new dry-bulk vessels didn’t enter service in
      Bloomberg  -  396 words
    • Article
      Lock icon Bulk-ship operators get aggressive as costs dip
      428 19 Panamax charter prices in Atlantic drop the most in 19 months on Wednesday Bloomberg, Reuters [LONDON] Operators of ships that haul dry-bulk commodities are “more aggressive” in reaching agreements with customers to employ vessels amid a glut of carriers, said ICAP Shipping International
      Bloomberg, Reuters  -  428 words
    • Article
      Lock icon India allows import of jet fuel to save on local taxes
      269 19 Bloomberg [NEW DELHI] India allowed airlines to directly import jet fuel to help cut operating costs by saving as much as 30 per cent in local taxes. Carriers keen to import aviation turbine fuel need to apply to the
      Bloomberg  -  269 words
    • Article
      Lock icon 55 Boeing Dreamliners may have flaw
      524 19 Planemaker not seen to successfully ramp up production Reuters [SINGAPORE] About 55 Boeing Co 787 Dreamliner jets may have a recently discovered flaw in the fuselage, the company said, while reiterating that the world’s first carbon-plastic passenger plane is safe to fly. The news
      Reuters  -  524 words
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      144 19 Asian Feeder Discussion Group (AFDG) SINGAPORE/CHITTAGONG TRADE SECTOR NOTICE TO MAIN LINE OPERATORS RATE RESTORATION EFFECTIVE 15 MARCH 2012 The following feeder operators in the Singapore/Chittagong trade sector wish to inform the trade that they will implement a Rate Restoration of USD80.00 per TEU with effect from 15 March 2012.
      144 words
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      4 19 VESSELS AVAILABLE FOR PURCHASE
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  • EDITORIAL & OPINION
    • Article
      Lock icon Question ‘risk on’ before jumping in
      509 20 EDITORIAL STOCKS have enjoyed a good run since the start of the year, with most markets posting double-digit percentage gains. There have been two reasons for this sudden embrace of the “risk on” trade: an assumption that a second bailout package for Greece would
      EDITORIAL  -  509 words
    • Article, Illustration
      Lock icon US Big Money political curbs end up stifling free speech
      808 20  -  THE BOTTOM LINE ROBERT SAMUELSON money. lies the true corruption of the Constitution. The Washington Post Writers Group THE emergence of super PACs (political action committees) shows once again that America’s “campaign finance reform” has failed abysmally. After nearly four
      money. lies the true corruption of the Constitution. – The Washington Post Writers Group  -  808 words
    • Article, Illustration
      Lock icon Proof of positive impact from Obama’s policies
      1057 20  - Proof of positive impact from Obama ’s policies Econometric models and revised data show a clear ‘V’ pattern from his fiscal stimulus By JEFFREY FRANKEL The writer is professor of capital formation and growth at Harvard University. [CAMBRIDGE] WITH November’s election in the United States fast approaching, the Republican candidates
      AFP; Source: Project Syndicate, 2012  -  1,057 words
    • Article, Illustration
      Lock icon Towards simpler hedge accounting rules
      1164 21  -  International Accounting Standards Board’s new hedging rules align accounting to risk management practices By CHEN VOON HOE JASMINE TAN Chen Voon Hoe is partner and Jasmine Tan is senior manager from the Financial Services Industry Practice, PwC LLP, Singapore HE intensifying debt crisis in Europe
      YEN MENG JIIN  -  1,164 words
    • Article, Illustration
      Lock icon How Malaysia aims to boost financial sector
      1206 21  -  By G SIVALINGAM The writer is visiting senior research fellow at the Institute of Southeast Asian Studies, Singapore IN releasing the second 10-year Financial Sector Blueprint (FSB), the Malaysian government is upbeat about creating an international financial centre and an slamic financial centre
      AFP  -  1,206 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3031 22 Transaction date: Feb 23 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 88 51 ABR Hldgs 86 unch 138 86 85 86 87 2.8 2.3 15.4 172.7 Last Quote Div
      3,031 words
    • Article
      Lock icon SGX CATALIST
      195 23 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 101 0.5 0.4 0.4 0.5 16.7 8.3 Last Quote Div Gr Yld Net M Cap
      195 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7298 23 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 1.03/ Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD Bond ....1.0075/ Asian Smaller Cosl**
      7,298 words
    • Article
      Lock icon GLOBALQUOTE
      204 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 46 25.5 Genting HK US$ US36 -0.5 ***** 37 36 36 36.5 2370.4 15 8.5 OGL Resources A$ A8.5 -1.5 15 9 8.5 7.9 9.8 1.3 205
      204 words
    • Article
      Lock icon SGX ETF
      862 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 1261 856 CIMBAsean40 100US$ US1049 +1 7 1049 1045 1046 1049 42 ***** ***** DBXT AUD Bonds 5AU$ A***** +24 0 ***** ***** 45.7 ***** *****
      862 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 24 In local curr In S$ In US$ dy yr dy yr dy yr Feb 22 Index Change Change Change Change Change Change World Preliminary 900.5 -0.3 8.5 -0.2 5.8 -0.5 8.9 EAFE Preliminary 745.5 -0.2 9.3 -0.4 6.8 -0.7 10.0 Europe Preliminary 1108.2 -0.6 8.0
      373 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 24 CRUDE OIL PRODUCTS Feb 22 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 123.01 2.21 WTI (Near Mth) 105.67 -0.02 Dubai (1-Mth F) 118.38 1.81 Tapis blend 128.98 1.45 Minas 128.78 2.45 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 117.56 1.67 Jet Kerosene 135.35 1.50 US$/barrel Opec Oil
      77 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      86 24 u>n r>UMC) tbWIMO ♦mil Unn ajt* wit *.uu: rMrvniir riirvAi idrxii' U'JJU IftliJ Ml* V III niiuxvcv •4C liQJMir MIMPQU 1 *i5r 1 «si3 i Wit ii o^t/scvul lutkirl. tan< llttt IMT Me T*» uvrmtvi Hit ,Uli **n tMV INOIX o^r ©any lit.M •<*At (K IWMJMt (MU*tA*J»
      86 words
    • Article
      Lock icon SGX FUTURES
      158 24 Feb 23 SICOM RUBBER Futures (Closing prices) RSS 3(US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 12 402.0 400.0 401.0 35 327 Apr 12 409.0 407.0 407.3 16 102 May 12 410.7 214 Jun 12 415.1 415.1 413.4 8 201 Jul 12 413.3 128
      158 words
    • Article
      Lock icon LONDON METALS
      67 24 Feb 22 Feb 22 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2237.75 2211.75 3 months 2281.00 2255.00 Copper, Grade A(US$/tonne) Cash 8432.75 8443.75 3 months 8435.00 8449.00 Lead(US$/tonne) Cash 2120.75 2087.00 3 months 2148.50 2117.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00
      67 words
    • Article
      Lock icon CHICAGO BOT
      107 24 Feb 22 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 12 1272.25 1271.00 1272.50 1261.50 May 12 1278.75 1277.00 1279.00 1267.75 Jul 12 1286.50 1285.00 1287.00 1275.50 Aug 12 1280.50 1279.50 1277.50 1270.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 12 54.22
      107 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      80 24 Feb 23 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 24-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 99.93 99.98 99.95 5-Year N*****0W 1.125 01-Apr-16 102.62 3-Month 10-Year
      80 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      445 24 Feb 23 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.5225 0 2962 Jun12 99.4950 0 1406 Sep12 99.4650 0 663 Dec12 99.4200 0 1068 EUROYEN TIBOR FUTURES Mar12 99.6700 0 1664 Jun12 99.6700 0 1844 Sep12 99.6675 0 683 Dec12 99.6675 0 415 Mar13 99.6650
      445 words
    • Article
      Lock icon LIFFE
      80 24 Feb 22 COCOA (£/tonne) Close Prev High/Low Mar 12 1571 1548 1574/1541 May 12 1578 1556 1582/1550 Jul 12 1591 1571 1596/1566 Sep 12 1597 1577 1602/1572 COFFEE(US$/tonne) Close Prev High/Low Mar 12 1948 1973 1975/1940 May 12 1950 1973 1970/1942 Jul 12 1960 1989 1984/1956 Sep 12 1976
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1460 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 130 33.00 27 Aztech Grp W*****3 0.3 unch 9 1 20 99 34.00 9 Baker Technology Ltd W*****6 5.9 -0.1 8 1 32 18 5.42
      1,460 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 24 Feb 23 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.065 6.716 0.803 8.269 52.497 96.876 0.855 12.017 3.218 1.284 96.801 45.626 1.340 8.208 0.968 31.537 32.427 0.680 1.066 Canada 0.939 6.307
      470 words
    • Article
      Lock icon SIBOR
      55 24 Feb 23 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates (S$) i v 0.*****
      55 words
    • Article
      Lock icon PRECIOUS METALS
      138 24 Feb 23 GOLD(US$/oz) Feb 22 Feb 23 Hong Kong 1762.00 1782.00 Feb 23 Feb 21 Feb 22 London 1755.35 1756.21 1756.15 1756.98 Source: Thomson Reuters CAST BAR Feb 23 (S$) Selling Buying Kilobar "77,018.60" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 173 72 5gm 490 359 10gm
      138 words
    • Article
      Lock icon PALM OIL
      58 24 Feb 23 KICE PALM FUTURES Delivery Dpeoio) SeU Month Panne Poce A# Price H.oh Lxih Mo) Done Upon Positron Mat 12 *2?S.O iJJSU jjt.su '09 2131 Apr 1! 1JO0.O «o»,r> mm 3231 n iW ***** Msy li 133K0 1371,0 2730 3216 0 IU75 217M6 lun 12 1360 0
      58 words
    • Article
      Lock icon STOCK INDEX FUTURES
      22 24 Feb 23 htUX VJI f»lT jiM'.ri ret> jar, ,(i 304,3 r .iw.in FHi 2B4K ?Ri 9 Source: SGX Derivatives
      22 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      23 24 W 1 "nnmii i am i J5 7 J'lnuillln t H*- l.fiW liJuJ |.(87» H-fnomln 1 JW i«M Source: OCBC
      23 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 24 Feb 23 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3398 1.3410 1.0661 1.0662 Canadian dollar 1.2578 1.2596 1.0009 1.0015 Euro 1.6676 1.6696 1.3270 1.3275 NZ dollar 1.0429 1.0450 0.8299 0.8309 Sterling pound 1.9711 1.9731 1.5685 1.5688
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      122 24 As at 9am Feb 23 Shajtifiivut £k>Ht)n LCion* i/n/t of loin'll i «HHriKy Oimutciti* St II Buy bint iKAJJm 1 f *u CsmlnUin i i U'iu 1 6'J'I i hM S1.4/Jim (inwii'.l i mw l vw hjiuwU4<Ui/V i nt i ■U 1 4& M TllLIIMm *il
      122 words
    • Article
      Lock icon INTERBANK RATES
      154 24 Feb 23 $S Offer Bid 0vernight 0.01 par 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ 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
    4748 25 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
    4,748 words
  • Page 25 Advertisements
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  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      181 26 Shipping lines seeking reliable logistics partners Can they find your services here in the Shipping Times? urgently needed by shippers Oen they find your services Here in the Shipping Times? The Business Times ADVERTISE, JOE WONG AT 9620 'I Announce Your Corporate Developments Wmm Come publicise your Corporate Developments, Corporate
      181 words
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  • WINE/PURSUITS
    • Article, Illustration
      Lock icon High on whites
      1213 27  -  White wines are power pairings for Asian cuisine, writes N K YONG writesN N K YONG IF we were to poll readers regarding their favourite type of wine, it would not be a surprise to find that for the majority it is Bordeaux! Bordeaux is “comfort wine”
      BLOOMBERG  -  1,213 words
    • Article, Illustration
      Lock icon Wipe ’em out on the go
      607 27  -  GAMING By CHRISTOPHER LIM IF you feel that MRT subway trains move too slowly during the morning rush hour, you can vent your frustration on a sci-fi racing game, WipEout 2048 for the Sony PlayStation Vita, that’s faster-paced than even the quickest realistic race
      607 words
    • AROUNDTOWN
      • Article, Illustration
        Lock icon The Greatest Hits Tour: Blue, Jeff Timmons of 98 Degrees and A1
        153 27 Three of the top boybands of the 1990s take centre stage at the Singapore Indoor Stadium next week in a combined Greatest Hits Tour, featuring Blue (right), A1, and Jeff Timmons of 98 Degrees. Jive to old-school favourites
        153 words
      • Article
        Lock icon 40 Nights and One of Rain
        141 27 EXPERIENCE classical Javanese literature with 40 Nights and One of Rain, a dance adaptation of the Book of Centhini by Dr Elisabeth Inandiak, performed at the Alliance Francaise Theatre. Although she is French by birth, Dr Inandiak has lived in Indonesia for many years,
        141 words
      • Article
        Lock icon SCO community series at Goodman Arts Centre
        105 27 GET your quick fix of arts and culture next Tuesday at the Goodman Arts Centre, with a lunchtime performance by the Singapore Chinese Orchestra (SCO). SCO associate conductor Quek Ling Kiong will lead an approximately 30-strong ensemble of Chinese percussion and wind instruments
        105 words
      • Article, Illustration
        Lock icon Enthralling ancient Sanskrit theatre in HDB heartlands
        178 27  -  Compiled by RACHEL LOI ENJOY a piece of Indian culture with Koodiyattam (above, right), an ancient Sanskrit theatre recognised by Unesco as a “Masterpiece of the Oral and Intangible Heritage of Humanity”, at the Sembawang Community Centre and Queenstown Community Centre this weekend.
        178 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      337 27 CRYPTIC CROSSWORD Across 1 He has nothing new to offer (7,6) 10 We hear Cockney bloke’s going to relax (4,3) 11 His enemies got fatally jarred (3,4) 12 They’re not static water towers (4) 13 Canine tooth one has right in the centre (5) 14 In the course of a
      337 words
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  • ARTS/ENTERTAINMENT
    • Article, Illustration
      Lock icon The luxury of art
      1053 28  -  Luxury brand stores such as Hermes and Louis Vuitton are carving out space in their stores to convert to gallery spaces for cutting-edge art, writes CHEAH UI-HOON writesCHEAH writesCHEAH UI-HOON BESIDES museums, art galleries and fairs, there’s yet another alternative space to view cutting-edge contemporary works
      1,053 words
    • Article, Illustration
      Lock icon Sleight of hand on cutting edge
      497 28  -  By LEE U-WEN ONE of the first few tricks performed at The Illusionists features the gothic magician Dan Sperry (below) fishing out a ring-shaped mint and a small box of dental floss. Curious, many in the audience craned their necks forward to see what
      BASE ENTERTAINMENT  -  497 words
    • Article, Illustration
      Lock icon Womaniser at centre stage
      655 28  -  By RACHEL LOI WORLD-famous musicals like The Lion King and Wicked may dominate the Singapore arts scene, but it doesn’t mean that the “old-fashioned” opera is about to perform its swansong. Far from it. Mozart’s Don Giovanni is the Singapore Lyric Opera’s (SLO) latest production, and
      PHOTOS: SINGAPORE LYRIC OPERA  -  655 words
    • Article, Illustration
      Lock icon Straddling two earths
      605 28  -  DVD REVIEW By CHRISTOPHER LIM THE notion of parallel universes has fascinated both theoretical physicists and science-fiction novelists for decades, so it’s startling what a shabby job The Science of Another Earth DVD documentary does of explaining the concept behind sci-fi film Another Earth. And Creating Another
      605 words
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  • ARTS
    • Article, Illustration
      Lock icon Tongues of ire
      739 29  -  The macabre premise of four corpses awakening in a morgue to ponder life issues in Tongues ends up too overwrought, writes NATALIE KOH writesNATALIE writesNATALIE KOH HAVING an air-condition-er in need of servicing can be extremely frustrating. The temperature stubbornly refuses to stick to your comfort range,
      ESPLANADE  -  739 words
    • Article, Illustration
      Lock icon Engaging leap of faith
      545 29  -  By RACHEL LOI “Where will there be growth if every path has a definite answer?” This concept that fate, or God’s will, can co-exist with Man’s free will is one that the faithful constantly grapple with, regardless of their religion. It was only mentioned once in
      545 words
    • Article, Illustration
      Lock icon Art from the heart on Tiong Bahru trail
      851 29  -  By NATALIE KOH GIVEN how hip Tiong Bahru has become over the past year or so, (what with all the indie cafes and stores that have popped up in the area), it was only natural that OH! Open House, an art trail,
      PHOTOS: SAMANTHA TIO  -  851 words
    • Article, Illustration
      Lock icon Warming up to Cooling Off Day
      590 29  -  By NATALIE KOH AFTER enjoying a sold-out run and positive reviews across the board during the Man Singapore Theatre Festival, it was only a matter of time before Cooling Off Day was restaged. Sure enough, Wild Rice is bringing the political play back a
      590 words
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  • MUSIC
    • Article, Illustration
      Lock icon Evanescence on reboot
      607 30  -  By RACHEL LOI EVANESCENCE’S main songwriter and co-founder Amy Lee may be happily married since the band’s last album in 2006, The Open Door, but that hasn’t stopped her from penning music with as much angst now as she did then. “I think being married gives you
      EMI  -  607 words
    • Article, Illustration
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  • CINEMA
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  • executive lifestyle
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