The Business Times, 22 January 2013

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1 30 The Business Times
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  • Title Section
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    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Tuesday, January 22, 2013
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  • Article, Illustration
    Lock icon F&N affair ends after TCC's final thrust
    1023 1  -  OUE exits; Questions being raised about Thais’ share-buying spree at $9.55 apiece By KENNETH LIM [SINGAPORE] Thai tycoon Charoen Sirivadhanabhakdi has emerged as the winner of the Fraser and Neave (F&N) takeover battle after property developer Overseas Union Enterprise (OUE) pulled out yesterday.
    PHOTO: REUTERS  -  1,023 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      108 1 GST INDEX 3,221.32 (+10.10) GST INDEX FUTURES 3,221.00 (+10.00) GSIMSCI 363.72 (+0.58) GSIMSCI FUTURES 363.40 (+0.60) US$ S$ US$ (S$ per US$) 1.230 (US$/S$ per 1.588 1.952 EURO (US$/S$/E) 1.333 1.639 Foreign currency per US$ S$ YEN 89.60 72.90 RM 3.031 2.465 HK$ 7.753 6.305 BAHT 29.73 24.18 RUPIAH
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    • Article
      Lock icon PRIME RATES
      24 1 SINGAPORE 5.38 MALAYSIA HONG KONG HONG KONG 5.00 TAIWAN 14.245 TAIWAN KOREA JAPAN 1.475 US 9.33 BRITAIN SWITZERLAND US 3.25 Source: Bloomberg
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  • Article
    Lock icon Law firm fights Swiss bank in matter of advice
    778 1  -  Allen Gledhill turns to Davinder Singh to fight case By LYNN KAN [SINGAPORE] What began as a suit by a former Swiss bank client alleging BigFour law firm Allen Gledhill showed “professional negligence” has ballooned into a multi-party tussle three and
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      Lock icon Page 1 Advertisements Column 1
      189 1 PRODUCTIVITY MATTERS Waterproof barcode tags free up labour PAGE 13 COMMENTARY Franco-German ties extend to S’pore PAGE 23 HOCK LOCK SIEW Interpreting Olam’s nil-paid rights fall PAGE 4 S’PORE NEWS Globalisation index ranks country second PAGE 8 Inc Importance of risk management PAGE 11 Frugal innovation: A new business strategy
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon F&N affair ends after TCC’s final thrust
        67 2 THAI tycoon Charoen Sirivadhanabhakdi has emerged as the winner of the Fraser and Neave takeover battle after property developer Overseas Union Enterprise pulled out yesterday. But observers say important issues in the region’s largest ever takeover saga remain unresolved, particularly relating to the
        67 words
      • Article
        Lock icon $2b package to reverse low birth rate
        74 2 THE government yesterday unveiled a bumper $2 billion Marriage and Parenthood package that it hopes will reverse the low birth rate here. Married couples with children under the age of 16 will get priority allocation of new HDB flats when buying for the
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      • Article
        Lock icon Shops in Alexandra Central snapped up
        64 2 YESTERDAY’S launch of Alexandra Central attracted a huge crowd of buyers, many of whom are likely to have migrated from showrooms of residential properties into retail space. Overall, all but two of the 116 units which cost as much as $7,000 per square foot
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      • Article
        Lock icon Irregularities at Sakae associate flagged
        52 2 JUST three days after external auditors of Kingsmen Creatives flagged financial irregularities involving its subsidiary, another company, Griffin Real Estate Investment Holdings, an associate firm of Sakae Holdings Ltd which owns the Sakae Sushi chain, is in the spotlight for possible violations of the Singapore
        52 words
      • Article
        Lock icon M1’s Q4 net profit inches up 0.6%
        40 2 M1’S fourth quarter net profit came in flat yesterday, inching up 0.6 per cent to $37.9 million. Revenue stood at $327.4 million, 3.3 per cent higher than the corresponding period a year ago.
        40 words
      • Article
        Lock icon Asean steelmakers seek China FTA review
        42 2 CONCERNED about the surge of steel products from China flowing into Asean, the region’s iron and steel associations are calling for a review of the free trade agreement between the economic powerhouse and the regional grouping.
        42 words
    • Article, Illustration
      Lock icon Govt unveils $2b package to reverse low birth rate
      1089 2  -  New measures include priority to couples buying HDB flats, paternity leave By MALMINDERJIT SINGH [SINGAPORE] Being a parent in Singapore has never looked so attractive. Married couples, with children under the age of 16, buying HDB flats for the first time
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    • Article, Illustration
      Lock icon Buyers snap up shop space in Alexandra Central
      613 3  -  All but 2 of the 116 units sold as buyers switch focus to retail properties By FELDA CHAY MINDY TAN [SINGAPORE] Yesterday’s launch of Alexandra Central attracted a huge crowd of buyers, many of whom are likely to have migrated from showrooms
      PHOTO: YEN MENG JIIN  -  613 words
    • Article
      Lock icon Irregularities at Sakae associate firm flagged
      672 3  -  Confidential report on Griffin RE sent to Finance Minister By GRACE LEONG [SINGAPORE] Just three days after external auditors of Kingsmen Creatives flagged financial irregularities involving its subsidiary, another company, Griffin Real Estate Investment Holdings, an associate firm of Sakae Holdings Ltd which owns
      672 words
    • Article, Illustration
      Lock icon Accountants’ biggest challenge: staying relevant
      1132 3  -  By ANNA TEO [SINGAPORE] A decade after a spate of accounting scandals rocked the business world, mistrust of accountants lingers. The biggest challenge facing the profession, however, is to stay relevant, said Helen Brand, who has, since 2008, been the chief executive of the Association
      1,132 words
    • Article
      Lock icon Shrinking labour pool may curb China’s recovery
      601 3 Bloomberg [BEIJING] China’s growth rebound may be capped by a labour-force squeeze and shrinking resources that leave the government satisfied with rates of expansion as low as half the peak during the past decade, according to analysts. A pace of 7 to 8
      Bloomberg  -  601 words
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      119 2 FRONT PAGE TOP STORIES, PAGE 2 TOP STORIES, PAGE 3 TOP STORIES, PAGE 3 COMPANY NEWS, PAGE 4 MALAYSIA/INDONESIA, PAGE 14 Net Profit US$2.3 billion up by 11.1% on 2011. 2.3 2.1 1.6 Q 1.2 cn P 1.0 0.7 2007 2008 2009 2010 2011 2012 Total Assets US$100.8 billion up
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon M1’s Q4 net profit inches up 0.6% to $37.9m
      553 4  -  Revenue up 3.3% at $327.4m; net profit for year down by 10.7% at $146.5m By JOYCE HOOI M1’s fourth quarter net profit came in flat yesterday, inching up 0.6 per cent to $37.9 million. Revenue stood at $327.4 million, 3.3 per
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    • Article
      Lock icon UniCredit pushes S’pore bond sales to 3-mth high
      483 4 Bloomberg BOND sales in Singapore had their busiest week in three months as Italy’s biggest bank chose the is-land-state’s currency to raise debt. UniCredit SpA sold $300 million of 10-year notes priced to yield 5.5 per cent on Jan 16, its debut
      Bloomberg  -  483 words
    • Article
      Lock icon Interpreting price fall of Olam’s nil-paid rights
      844 4  -  HOCK LOCK SIEW By R SIVANITHY OLAM’S nil-paid rights (NPRs) traded as high as 22.5 US cents when they opened a fortnight ago, but finished their week-long trading last Tuesday at roughly 7 US cents, for an eye-catching loss of 69 per cent.
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    • Article, Illustration
      Lock icon Keppel Reit not in market for stake in MBFC
      570 5  -  Fourth-quarter DPU rises 40.7 per cent to 1.97 cents By ONG CHOR HAO KEPPEL Real Estate Investment Trust (Keppel Reit) yesterday quashed talk that it was currently looking into acquiring a stake in Marina Bay Financial Centre (MBFC) Tower 3. Ng
      570 words
    • Article
      Lock icon Cache Logistics Trust Q4 DPU up 2.5%
      356 5  -  By ANDREA SOH CACHE Logistics Trust posted a distribution per unit (DPU) of 2.154 cents for the fourth quarter, up 2.5 per cent from 2.102 cents a year earlier. Net property income for the three months ended Dec 31 was $18.3 million, an
      356 words
    • Article
      Lock icon KSH wins $142.3m contract for Q Bay Residences condo
      249 5  -  By CARINE LEE CONSTRUCTION group KSH Holdings Limited yesterday said it has secured a letter of acceptance worth $142.3 million for main contract works for Q Bay Residences, a Tampines condominium. Awarded by Quarry Bay Pte Ltd, a consortium comprising Frasers
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    • Article
      Lock icon FSL Trust Q4 loss shrinks to US$1.55m
      278 5  -  By CARINE LEE NET loss at First Ship Lease Trust (FSL Trust) narrowed to US$1.55 million in the fiscal fourth quarter ended Dec 31, 2012, despite an 18.7 per cent decline in turnover to US$24.06 million. On a bareboat charter equivalent basis, revenue
      278 words
    • Article, Illustration
      Lock icon OCBC cautious on property
      689 7  -  Research house likes O&G for strong order books, Reits for attractive yields By TEO SI JIA COOLING measures by the government have dampened OCBC Investment Research’s outlook for the property sector. The research house’s head, Carmen Lee, is more bullish on the oil and gas (O&G)
      689 words
    • COMPANY BRIEFS
      • Article
        Lock icon GLP investing in solar panels
        66 7 GLOBAL Logistic Properties Ltd (GLP) will be investing an estimated US$82 million to install solar panels on the rooftops of 22 properties in Japan. Under a new scheme in Japan, qualifying property owners can install solar panels and sell the electricity generated to utility companies.
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      • Article
        Lock icon SATS flight handling up 7% in Q3
        62 7 SATS handled 31,680 flights for the third quarter ended Dec 2012, up 7.1 per cent year on year. Unit services handled grew 8.6 per cent to 26,850, said the airport ground services provider. The number of passengers handled rose to 10.73 million, up
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    • Article
      Lock icon K-Green FY net dips 7.6%, keeps 4.69cts DPU
      262 7  -  By TEO SI JIA K-GREEN Trust posted a full-year net profit of $14.78 million, down 7.6 per cent from a year earlier. But the manager of the trust, Keppel Infrastructure Fund Management, kept its distribution per unit for the second half of
      262 words
    • Article
      Lock icon MIIF’s adjusted Q4 loss widens
      445 7  -  Dividends declared on adjusted 2012 net income of $57m By LEE MEIXIAN NET loss attributable to equity-holders on an adjusted basis widened to $2.84 million at Macquarie International Infrastructure Fund (MIIF) for the fourth quarter ended Dec 31 last year, from $1.77 million a year
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      Lock icon Page 4 Advertisements Column 1
      251 4 i ShareInves TRADE Many people trade in stocks but how many can enter a trade with confidence and achieve profits consistently? In an increasingly uncertain and volatile investment environment, picking the right stock, entering at the right level and having the discipline to walk away from an unprofitable trade are
      251 words
    • Advertisement
      Lock icon Page 4 Advertisements Column 2
      25 4 LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WW1M.HOTFM.SG I FACEBOOK.COM/HOTFMSG I J* HOTFMSG
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      9 4 www.omy.sg V iJk I i > aasetf a«»± gosocial.omy.sg Wm
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      Lock icon Page 4 Advertisements Column 4
      271 4 InvestorRelationsHighlights CapitaMall Trust’s FY2012 Distributable Income Grows 5.1% Year-on-Year CapitaMall Trust Management Limited, the manager of CapitaMall Trust (CMT), announced that CMT achieved distributable income of S$316.9 million for the period 1 January to 31 December 2012 (FY2012). This was 5.1% higher than the distributable income for Full Year 2011
      271 words
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      42 5 II mi m Save on start-up costs Find over 100 small office units available for rent. Visit STProperty.sg now. m a* Download the STProperty App for iPhone, iPad Android now! At STProperty, your ideal property isn’t hard to find. STProperty.SG STPropertySG STPROPERTY.se
      42 words
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      370 5 (Business Trust Registration No. *****02) (Constituted in the Republic of Singapore as a business trust pursuant to a trust deed dated 23 July 2009 (as amended)) Notice of Books Closure Date Distribution Payment Date Notice is hereby given that the Unit Transfer Books and Register of Unitholders of K-Green Trust
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Modest rebound in ST Index
      630 6  -  Traders await direction from overseas markets; most of top active stocks are priced below 10 cents STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index gained 10.10 points to end at 3,221.32 yesterday, with the large majority of unit volume done in low-priced stocks. The
      Source: Bloomberg  -  630 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 6 Jan 21 VALUE CLOSE BT OB/OS 42.00 -200.00 BT CADI -*****.00 +55.00 BT 10-day MA -*****.00 +4.00 FTSE ST Mid Cap 794.86 -1.95 FTSE ST Small Cap 552.87 +3.82 FTSE ST All Share 792.63 +1.86 FTSE ST China Top 224.27 -0.63 FTSE ST China 256.09 +0.01 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      51 6 VOLUME ICP 1,288,546,000 YHM 486,575,000 IPCO Intl 357,848,000 HanKore 286,338,000 Teledata 208,688,000 LifeBrandz 166,674,000 AdvanceSCT 150,976,000 ChinaNTown 113,207,000 Innopac 99,718,000 F&N 98,136,000 VALUE($) F&N 938,065,700 UOB 81,372,330 Genting SP 51,604,620 SingTel 45,995,630 DBS Grp 43,721,750 Keppel Corp 38,297,630 Wilmar 35,652,570 Geo Energy 32,282,185 SGX 32,049,760 CapitaLand 29,273,955
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 3 7 0 0 0 7 3 7 Manufacturing 60 49 49 6 9 11 66 58 60 Commerce 36 18 18 6 3 2 42 21 20 Tpt/Stor/Comms 17 16 11
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon CapitaMall Trust
        244 6 Jan 21 close: $2.17 DMG Partners Research, Jan 21 CAPITAMALL Trust (CMT) reported FY2012 distribution per unit (DPU) of 9.46 Singapore cents (+1.0 per centy-o-y), in line with our FY2012 DPU estimate with a deviation of +0.2 per cent. Revenue for this period grew to $661.6 million (+4.9
        Source: Bloomberg  -  244 words
      • Article
        Lock icon OCBC Investment Research, Jan 21
        188 6 CAPITAMALL Trust (CMT) turned in a sturdy set of Q4 2012 results last Friday. Dividend per unit (DPU) saw a 2.6 per cent growth to 2.36 Singapore cents, despite $15.3 million capital distribution received from CapitaRetail China Trust was retained for corporate and working capital
        188 words
      • Article
        Lock icon Kingsmen Creatives
        510 6  -  Compiled by KENNETH LIM Maybank Kim Eng Research, Jan 21 Jan 21 close: $0.75 KINGSMEN has announced that two subsidiaries, Kingsmen Beijing Co Ltd (KBJ) and Kingsmen Exhibits Pte (KE), are believed to have committed fraud, and are currently under review. Amount of losses totals $1.46 million, and
        510 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,451 19,451 56,521 56,521 Manufacturing 659,845 1,433,146 2,092,991 1,176,474 9,865 1,186,339 Commerce 435,449 25,803 461,252 119,313 1,631 120,945 Tpt/Stor/Comms 136,100 13,201 149,301 142,971 4,222 147,193 Finance 127,635 524 128,159 213,356 219 213,575 Construction 502,978 529,773
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 6 Stock name Close Change CapMallsAsia 2.220 +0.040 CapitaLand 3.900 +0.030 CapitaMall 2.170 +0.010 CityDev 11.22 -0.180 ComfortDelGro 1.855 DBS Grp 14.40 +0.020 F&N 9.740 +0.160 GLP 2.750 Genting SP 1.460 +0.010 Golden Agri 0.620 -0.005 HK Land 7.550 -0.070 IHH Healthcare 1.355 -0.045 JMH 62.65 +0.650
      113 words
    • Article, Illustration
      Lock icon Yen advances ahead of BOJ decision
      523 6 CURRENCIES Reuters [LONDON] The yen rose against the US dollar yesterday from a 2-1/2 year low, with traders trimming large bets against the currency in case measures expected from the Bank of Japan (BOJ) are disappointing. The yen is likely to stay firm until
      Reuters; PHOTO: BLOOMBERG  -  523 words
    • Article
      Lock icon RISES
      105 6 BY CENTS CLOSE UP Lyxor AsiaIF 10US$ 3285 742.7 22.5 DBXT Nifty 10US$ ***** 580.4 4.3 JSH 3693 83.6 1.9 JMH 6265 79.9 1.0 DBXT MSTHAI 10US$ 2140 46.7 1.8 DairyFarm 1242 46.7 3.2 SGX.ES.1301 759 24.0 3.3 DBXT DBLCI-OY 5US$ 3901 22.1 0.5 DBS Bk 4.7% NCPS 100
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    • Article
      Lock icon FALLS
      119 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -29.5 -0.1 Lyxor Malaysia 10US$ 980 -23.4 -1.9 DBXT FTVietnam 10US$ 2480 -19.7 -0.6 CityDev 1122 -18.0 -1.6 Hyflux 6% CPS 10 ***** -18.0 -0.2 DBXT MSINDO 10us$ 1543 -17.2 -0.9 UOB 1863 -13.0 -0.7 SIA 1103 -9.0 -0.8 SIA 200 1101
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      Lock icon Page 7 Advertisements Column 1
      153 7 www.stjobs.sg > Spa Manager -3 V t I W -A y u- rMy&i mmmm h t> U ,7 r. vv ■•.f Awarded Best in Cross Media Advertising (Silver) for Asian Digital Media Awards 2012 Get Job alerts Via email with fresh updates of choice job matches. W RESUME Get headhunted
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  • SINGAPORE NEWS
    • Article
      Lock icon Globalisation index ranks S’pore second
      505 8  -  While regaining 2nd spot, Republic sees a drop in its overall score for 2012 By ANNA TEO SINGAPORE is second on Ernst Young’s Globalisation Index 2012, behind Hong Kong and pushing Ireland back down to third. In the previous two years, Hong Kong and Ireland
      505 words
    • Article
      Lock icon BASF pulls out of Petronas joint venture
      438 8  -  Both parties unable to agree on terms for RM4b project By RONNIE LIM GERMANY’S BASF, the world’s largest chemical company, has pulled out of a RM4 billion (S$1.6 billion) joint venture with Malays i a Pengerang, Johor. s P e t ronas i
      438 words
    • Article, Illustration
      Lock icon Hong Leong brings cheer to the elderly
      248 8  -  By ARTHUR LEE SHERMAN KWEK, the Singapore Chinese Chamber of Commerce and Industry’s latest member and son of Kwek Leng Beng, joined over 50 staff volunteers from Hong Leong Group on a Chinese New Year visit to Tai Pei Old People’s Home last
      248 words
    • Article
      Lock icon Deloitte calls for lower corporate tax rate
      442 9  -  It also suggests that measures to help firms during last crisis be rolled out again this year By TEH SHI NING DELOITTE Singapore’s tax specialists say that the government should consider reducing Singapore’s current corporate tax rate of 17 per cent to Hong
      442 words
    • Article, Illustration
      Lock icon Real democracy means more than two different voices: SDA
      737 9  -  ‘Big party’ backing is no guarantee of performance: Lim By LEE U-WEN IF Singaporeans want real democracy, there should be more than just two different voices in Parliament, said the Singapore Democratic Alliance’s (SDA) sec-retary-general Desmond Lim yesterday. The 45-year-old, one
      PHOTO: NG SOR LUAN/THE STRAITS TIMES  -  737 words
    • Article, Illustration
      Lock icon AyoxxA, NUS in joint research to further develop technology
      311 9  -  By NISHA RAMCHANDANI AyoxxA Biosystems is tying up with the National University of Singapore’s (NUS) Department of Bioengineering in a two-year research collaboration as it seeks to further develop and commercialise its proprietary technology. The biotech firm has created a bead-based
      311 words
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      42 9 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. 0 MATS NOTICES Call 1800 289 8822 or L e-mail notices@sph.com.sg to place your AGM EGM Notices BSATS NOTICES CLA/FEB1 1/g
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      80 9 I kL^ CleanTech One Space Available at CleanTech Park Singapore’s First Eco Business Park Green Mark Platinum building in a peaceful eco-environment Located at 1, CleanTech Loop (next to NTU) Easy acess to PIE Shuttle service to and from Pioneer MRT Station In-house cafeteria Open to tenants conducting business park
      80 words
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      226 10 The Business Times Subscription rewards Get all these exclusive gifts when you subscribe to the new Business Times All-in-One. 3 d Specially Designed Leather Case that can hold 2 Bottles of Wine V 1 »i H 'in JjVilS $100 Far East Hospitality Hotel Staycation Voucher j $50 Kitchen Language Dining
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  • SME Inc
    • Article
      Lock icon Importance of risk management
      1183 11  -  The right balance between risk and opportunity must be struck, sayNEO NEO SING HWEE, LIM SZE CHIEN The writers are senior managers of risk advisory at Ernst Young Advisory Pte Ltd AN IPO is undisputedly one of the most significant milestones for any company. After the
      1,183 words
    • Article, Illustration
      Lock icon Frugal innovation: A new business strategy
      1273 12  -  The key is to generate more business and social value while significantly reducing the use of scarce resources COMMENTARY By NAVI RADJOU JAIDEEP PRABHU Navi Radjou is a Silicon Valley-based strategy consultant, a World Economic Forum faculty member and a fellow at the University
      PHOTOS: BLOOMBERG, AFP, REUTERS  -  1,273 words
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      65 11 HAVE an interesting story on an SME to share? Drop us a note on why you think the company should be featured in our weekly SME INC pages, with details such as how the company has grown and its expansion plans. Send your e-mail to Felda Chay at feldac@sph.com.sg with
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      133 11 Secure your printers without working security guard hours. We started with legendary HP LaserJet reliability. Then we radically simplified security and fleet management. this printer into your network, and it automatically helps protect data in storage or in transit using robust encryption, authentication, and security management. So you can print
      133 words
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      18 12 Download the STJobs iPhone, iPad Android App now! At STJobs, your ideal job isn't hard to find. STJOBS.SG
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      41 12 This article was first published in INSEAD Knowledge (knowledge.insead.edu). Starting next week, the Nanyang Technological University (NTU) will be helming a bi-weekly column that will look in-depth into SME-related issues. Be sure not to miss The View from NTU on Tuesday.
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  • PRODUCTIVITY MATTERS
    • Article, Illustration
      Lock icon Waterproof barcode tags free up labour
      1165 13  -  Using a tax incentive, Island Landscape introduced the new labels to give customers the information they need. Reports by TEH SHI NING LANDSCAPE SECTOR TEH SHI NING HUMBLE barcode tags adorn each potted plant at Island Landscape Nursery’s site along Thomson Road, but they
      PHOTOS: YEN MENG JIIN  -  1,165 words
    • Article, Illustration
      Lock icon Productivity gains can be incremental: Mao Sheng
      1407 13 IT is not for want of trying that landscape maintenance firm Mao Sheng Quanji Construction has not automated more of its work. “All along, we have been exploring new methods to be more productive and efficient, new equipment to help us do our
      1,407 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Asean steel sector seeks review of FTA with China
      537 14  -  Steel bodies express concern over China’s ‘dumping’ of steel products in region By PAULINE NG CONCERNED about the surge of steel products from China flowing into Asean, the region’s iron and steel associations are calling for a review of the free
      PHOTO: REUTERS  -  537 words
    • Article
      Lock icon Tune Ins preparing to expand into region
      470 14 The Star [KUALA LUMPUR] Tune Ins Holdings Bhd is looking to acquire some insurance companies in Indonesia and Thailand before penetrating other Asean countries in its bid to expand into the region. Chief executive officer Peter Miller told The Star that the company
      The Star  -  470 words
    • Article
      Lock icon Jakarta floods are first big challenge for new governor
      478 14 Disaster highlights the infrastructure gaps in the capital Bloomberg [SINGAPORE] Jakarta governor Joko Widodo is confronting the first major test since his election in September as floods that have claimed at least 20 lives highlight infrastructure gaps in Indonesia’s largest city.
      Bloomberg  -  478 words
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      616 14 :*;at3 notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices CHINA MERCHANTS HOLDINGS (PACIFIC) LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****1278D NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of China Merchants Holdings (Pacific) Limited (the ‘Company”) will be held at Pan
      616 words
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      146 14 PRIME MEDIA (SINGAPORE) PTE LTD (Company Registration No.: *****7507E) (In Members’ Voluntary Liquidation) NOTICE is hereby given that an Extraordinary General Meeting of shareholders of the Company will be held at Suite 132, Jones Bay Wharf, 26-32 Pirrama Road, Pyrmont, NSW 2009, Australia on February 17, 2013 at 11 a.m.
      146 words
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      Lock icon Page 14 Advertisements Column 3
      36 14 0*2 0 m 'He SLUg Ap o R m. ft: r 1 HM ssSr ft &a&'M •s !Seu 88^ ft-:’ i >c.-. 5-x j °ojs TUP PEAK DIGITAL EDITION NOW AVAILABLE G AppStore leplay PEAK sPHmagazines
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  • GREATER CHINA
    • Article, Illustration
      Lock icon China’s male shoppers revive luxury market
      843 15 Reuters [MACAU] Let’s hear it for the boys. China’s fash-ion-forward men are snapping up Gucci and Burberry bags, driving a rebound in the luxury market months after a slowdown in spending by the world’s biggest luxury goods buyers spooked global investors. Men account for
      Reuters; PHOTO: REUTERS  -  843 words
    • Article, Illustration
      Lock icon Lights, camera but no action for Chinese company in Hollywood
      710 15 NYT [LOS ANGELES] In September, Wang Jianlin, the chairman and president of China’s Dalian Wanda Group, told a news conference here of his plans to invest at least US$10 billion in both entertainment and commercial properties in the United States.
      NYT; PHOTO: REUTERS  -  710 words
    • Article
      Lock icon Offshore yuan trading doubles to US$6b daily
      593 15 It gives investors more confidence to invest in the currency Bloomberg [HONG KONG] Standard Chartered Plc estimates that offshore trading of yuan has doubled to at least US$6 billion a day, giving investors more confidence to invest in the currency using options, forwards
      Bloomberg  -  593 words
  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      64 15 YOUR MUST-HAVE PRESCHOOLGUIDE! How to choose the best preschool for your child Expert answers to all your preschool problems, from separation anxiety to learning woes Search for childcare and kindergartens by district we’ve got the complete listings! GET YOUR COPY NOW! Print edition $6 at major bookstores Digital edition $2.44*
      64 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China urgently needs to rebalance economy
      904 16 Its recovery has been driven by investment, property but these are risk factors; govt seeks consumption pick-up Reuters [BEIJING] China’s recovery from its longest slowdown in growth since the global financial crisis is being driven by the two forces posing the biggest risks to
      Reuters; PHOTO: AFP  -  904 words
    • Article
      Lock icon Indian govt pushes banks to go rural
      769 16 It plans to transfer cash for subsidies into such accounts Reuters [RANCHHODPURA, India] Working out of a tiny rented room furnished with a wooden table, small biometric authentication machine and shelf stacked with passbooks, Ganesh Dangi is a one-man bank for a village
      Reuters  -  769 words
  • Page 16 Advertisements
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      89 16 STPROPERTY.SG WITH Agents get W m S3®* worth of advertising credit too' BUYING OR RENTING A PROPERTY? We'll reward you with $888! Visit www.STProperty.sg/deal2win now for more information. Hurry, you have until 31 March 2013 to be one of our 8 lucky winners! 1 0 0 0 *Terms conditions apply.
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  • ECONOMY WATCH
    • Article
      Lock icon UK taxman sees increased avoidance by big business
      364 17 Reuters [LONDON] The UK tax authority said the amount of tax that big companies may have underpaid by using artificial intercompany transactions to inappropriately reduce taxable profits has risen 48 per cent last year. The figure comes as public anger grows over
      Reuters  -  364 words
    • Article, Illustration
      Lock icon Davos doom dissipates as eurozone rallies
      914 17 Roubini et al who predicted Greece’s exit by now say it’s ‘less likely’ this year Bloomberg [LONDON] Dr Doom got it wrong. The parade of economists and investors led by Nouriel Roubini predicting Greece’s ejection from the eurozone by now failed to appreciate the
      Bloomberg; PHOTOS: BLOOMBERG, LIANHE ZAOBAO  -  914 words
    • Article
      Lock icon UK financial industry to shed 43,000 jobs
      623 17 Companies are shrinking to reduce costs: CBI study Bloomberg [LONDON] The UK’s financial industry will lose 43,000 jobs in six months, according to a forecast from the Confederation of British Industry (CBI), as companies shrink and reduce costs. Banks, insurers, asset managers and
      Bloomberg  -  623 words
    • Article
      Lock icon LNG prices headed for record highs in 2013
      820 17 Demand continues to spike, driven by Asia’s rapid growth Reuters [NEW YORK] Global prices for liquefied natural gas (LNG) are rising toward record highs this year as increasing demand runs up against stuttering supply, threatening to drive up fuel costs in some
      Reuters  -  820 words
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  • WORLD
    • Article
      Lock icon Markets feeling optimistic ahead of Davos meeting
      759 18 Global economy not as bad as feared as leaders gather for economic forum AP [FRANKFURT] The world’s financial and political elite will head this week to the Alps for 2013’s gathering of the World Economic Forum in Davos, Switzerland, with the global economy
      AP  -  759 words
    • Article
      Lock icon Merkel coalition ousted in regional vote
      698 18 Reuters [HANOVER] Germany’s cen-tre-left opposition edged Chancellor Angela Merkel’s conservatives from power with a wafer-thin win in a regional vote in Lower Saxony on Sunday, reviving its flagging hopes of defeating her in September’s national election. The Social Democrats (SPD) and Greens won by
      Reuters  -  698 words
    • Article, Illustration
      Lock icon DELICIOUS DESIGNS
      53 18 [SEOUL] A model displaying an outfit partially made of chocolate during a chocolate fashion show here last Thursday. The four-day event, which ended on Sunday, is being promoted as South Korea’s first ‘Salon Du Chocolat’ exhibition, which has a 20-year history and has been to 20 cities. PHOTO:
      PHOTO: AP  -  53 words
    • Article, Illustration
      Lock icon Less regulatory pressure on bankers at WEF
      660 18 NYT [NEW YORK] Two years ago, Jamie Dimon, chief executive of JPMorgan Chase, told an audience in Davos, Switzerland, that people should stop picking on bankers. Mr Dimon is still waiting for his wish to come true. Bankers, always a big presence at
      NYT; PHOTO: BLOOMBERG  -  660 words
    • Article
      Lock icon Italy’s Monti calls for ‘radical reforms’
      267 18 Reuters [ROME] Italian Prime Minister Mario Monti launched his campaign for a second term on Sunday with a speech calling for deep-rooted reforms to kick-start economic growth, four weeks ahead of a parliamentary election. “Italy needs radical reforms. Radical reforms for those who are
      Reuters  -  267 words
    • Article
      Lock icon Firms step up security in trouble spots after Algeria attack
      657 18 They also carry out contingency plans to protect their staff Bloomberg [HOUSTON] Companies are reinforcing security at their facilities in the world’s trouble spots and reviewing evacuation plans after at least 23 workers were killed in an attack on a
      Bloomberg  -  657 words
    • Article, Illustration
      Lock icon Spanish slump takes its toll on employment
      784 19 Bloomberg [MADRID] Spain’s scars from the slump that overshadowed Prime Minister Mariano Rajoy’s first year in office will emerge this week as data shows the toll on economic output that may have kept as many as six million people out of work. Spanish
      Bloomberg; PHOTO: REUTERS  -  784 words
    • Article
      Lock icon EU buyout firms stuck with boom-time deals
      472 19 Exit difficult as traditional routes remain largely shut Re uters [LONDON] European private equity firms will struggle to find profitable ways to exit their boom-time deals, as the industry’s traditional exit routes remain largely shut, a report said. Altius Associates, one of the
      Reuters  -  472 words
    • Article, Illustration
      Lock icon Europe’s music retailers get an earful
      553 19 NYT [PARIS] Across Europe, music is once again feeding protests, strikes and sit-ins. In a twist on the 1960s, it is the music sellers, rather than the listeners, who are up in arms. Employees of two HMV record stores in Limerick, Ireland, started sit-ins
      NYT; PHOTO: AFP  -  553 words
    • Article
      Lock icon Moscow bourse to float, could raise US$500m
      623 19 Exchange hopes to convince firms to list domestically rather than abroad Reu ters [MOSCOW] Moscow’s stock exchange plans to float on its own platform, seeking to revitalise Russia’s capital markets and convince companies to list domestically rather than abroad. Shareholders of the Moscow
      Reuters  -  623 words
    • Article
      Lock icon Pearson earnings fall; warns of another tough year
      747 19 Reuters [LONDON] British education and media group Pearson warned yesterday it expects tough market conditions to continue this year after a weak fourth-quarter hit earnings last year. The owner of the Financial Times newspaper and Penguin books publisher said that it now
      Reuters  -  747 words
    • Article
      Lock icon US Senate to finally pass a budget in 2013
      563 20 It could include spending reductions as well as changes in the tax code AP Reuters [WASHINGTON] US Senate Democrats for the first time in more than three years will pass a budget, a senior Democratic lawmaker said on Sunday, fulfilling a
      AP; Reuters  -  563 words
    • Article, Illustration
      Lock icon It’s getting lonely in the White House
      812 20 Three of Obama’s closest advisers will not be staying on NYT [WASHINGTON] When President Barack Obama offered a tongue-in-cheek lament last week that he was “getting kind of lonely in this big house”, he was referring to his two daughters, who he said
      NYT; PHOTO: BLOOMBERG  -  812 words
    • Article
      Lock icon US funds take over Aussie TV network
      397 20 Reuters [SYDNEY] Nine Entertainment’s creditors have approved a US$3.6 billion recapitalisation scheme that will see US hedge funds take control of one of Australia’s best known TV networks, paving the way for a possible listing in 2014, a source familiar with the situation
      Reuters  -  397 words
    • Article, Illustration
      Lock icon Abe aide urges BOJ to slow easing if yen weakens further
      661 20 Bloomberg [TOKYO] The Bank of Japan (BOJ) will need to slow monetary easing if the effects on prices and the yen go too far, said Koichi Hamada, who’s advising Prime Minister Shinzo Abe on choosing a new central bank
      Bloomberg; PHOTO: AP  -  661 words
    • Article
      Lock icon Murdoch risks boardroom spat over editor placements
      415 20 Reuters [LONDON] Rupert Murdoch risked a spat with directors tasked with protecting the independence of London’s Times and Sunday Times newspapers last Friday after ignoring their disapproval and appointing temporary acting editors to both titles. The independent directors refused to formally approve the
      Reuters  -  415 words
    • Article
      Lock icon Regent’s gets university status
      366 20 Reuters [LONDON] Looking out the window of his book-lined office, it is easy to imagine Aldwyn Cooper as the president of a small liberal arts college somewhere in the wilds of New England. With his bow tie and neatly trimmed white beard, Mr Cooper looks the
      Reuters  -  366 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Cathay, SIA may lose out on premium seats as banks cut costs
      770 21 Travel cutback to hit carriers who have invested heavily in biz class facilities Bloomberg [SYDNEY] Cathay Pacific Airways Ltd and Singapore Airlines Ltd (SIA) are spending US$207 million fitting flat-bed seats and larger TV screens in business class.
      Bloomberg; FILE PHOTO  -  770 words
    • Article
      Lock icon Boeing’s 787 deliveries on hold
      748 21 Probe widens after excess battery voltage ruled out Reuters [WASHINGTON] US safety investigators have ruled out excess voltage as the cause of a battery fire last month on a Boeing 787 Dreamliner jet operated by Japan Airlines Co (JAL) and said they were expanding the
      Reuters  -  748 words
    • Article
      Lock icon Shipyards ‘doomed’ if Scots vote to leave UK
      300 21 Bloomberg [EDINBURGH] Scotland’s shipyards would lose contracts and be “doomed” if the country votes to leave the UK in a referendum next year, a group of lawmakers said. The workshops on the Clyde river in and around Glasgow would lose their status
      Bloomberg  -  300 words
    • Article
      Lock icon Europe airports cut flights as snow spreads
      397 21 Bloomberg [LONDON] European airports from London’s Heathrow to Frankfurt cancelled hundreds of flights over the weekend and prepared to curtail more as snow and freezing rain swept across the continent. Heathrow, the busiest aviation hub in Europe, planned to cancel at least 10
      Bloomberg  -  397 words
    • Article
      Lock icon TRANSPORT STOCKS
      233 21 SGX '000 Jan 21 S$ +/-Vol CH Offshore 0.50 -0.01 430 Chuan Hup Hldg 0.26 unch 607 Cosco Corp 0.96 -0.02 ***** Jan 21 S$ First Ship Lea 0.18 unch 524 Freight Links Grand Banks 0.37 -0.02 7 Jaya Hold Ltd 0.70 unch 1109 K1Ventures Chuan Hup Hldg
      233 words
  • Page 21 Advertisements
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      Lock icon Page 21 Advertisements Column 1
      218 21 ASIAN FEEDER DISCUSSION GROUP (AFDG) NOTICE TO TRADE BUSINESS PLAN 2013 In order to restore freight rates to more realistic levels and as part of the Business Plan for 2013, the following Participating Feeder Operators wish to advise the trade that with effect from I March 2013, all SOC rates
      218 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Lock icon Page 21 Miscellaneous Column 1
      316 21 CRYPTIC CROSSWORD Across 1 Jessica, on computer game at Olympics (5,6) 9 ...to confront elite, gets personal application (4,5) 10 Short quarter-sections enclosed (5) 11 Fake reporting of school tests by heads of English and religion (6) 12 Boring tools for American lawyer in messy fights (8) 13 Gets rid
      316 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Good prospects ahead for Philippine peso
      506 22 EDITORIAL IF you had to go long on a regional currency this year, you could do worse than choose the Philippine peso. That’s somewhat ironic. For years, the two regional currencies considered the most risky, the ones with the highest yields, were the Indonesian
      506 words
    • Article, Illustration
      Lock icon Affordable Care Act is Obama’s Big Deal
      842 22  -  THE BOTTOM LINE PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT ON the day President Barack Obama signed the Affordable Care Act into law, an exuberant
      NYT  -  842 words
    • Article, Illustration
      Lock icon Much tougher job for Obama in second term
      1193 22  -  Mid-term Congressional elections in 18 months among his major hurdles LEON HADAR Washington Correspondent LET’S cut to the chase: President Barack Obama has no more than 18 months to do something “big” that is to make history in the form of major
      PHOTO: REUTERS  -  1,193 words
    • Article, Illustration
      Lock icon Franco-German ties extend to Singapore
      1333 23  -  Paris and Berlin highlight their growing economic and other relations with Singapore as they mark 50 years of Elysee treaty By OLIVIER CARON, ANGELIKA VIETS Olivier Caron is French Ambassador to Singapore and Angelika Viets is German Ambassador to Singapore WE ARE celebrating today the
      PHOTO: AFP  -  1,333 words
    • Article, Illustration
      Lock icon Keeping ahead as Asia’s leading asset management hub
      739 23  -  By DESMOND TEO, CHIA JING WEN Desmond Teo and Chia Jing Wen are partner and manager, financial services tax at Ernst Young Solutions LLP respectively. The views reflected in this article are their own SINGAPORE’S development into one of Asia’s leading asset
      ST FILE PHOTO  -  739 words
    • Article
      Lock icon Temasek: Olam buy was during credit squeeze
      234 23 LETTER TO THE EDITOR WE refer to Michael Dee’s commentary “Olam’s finances still far too opaque” (Jan 19). As the Olam rights exercise is currently on-going, we do not wish to comment on Mr Dee’s views on Olam or its current rights issue.
      234 words
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  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      1008 24 The Business Times Shipping times 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 n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination
      1,008 words
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      Lock icon Page 24 Advertisements Column 2
      576 24 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN TAIKO OG250 14/01 19/01 22/01 24/01 29/01 02/02 SALOME FF307 22/01 28/01 31/01 01/02 06/02 12/02 TAMESIS OG251 28/01 31/01 04/02 14/02
      576 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3239 25 Transaction date: Jan 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 Company Last Sale Vol Da ('000) High 159.5 98.5 AIMSAMPIReit 157.5 unch 299 158 157 157 157.5 5.3 15.1 706.4
      3,239 words
    • Article
      Lock icon SGX CATALIST
      213 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C’vr P/E Smil 14.8
      213 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10515 26 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha Fund Cl A!** 1.38/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD Bond American Opp Asian local Ccy SD Bond 0.7839/ EM Local Ccy Bond Asian Smaller
      10,515 words
    • Article
      Lock icon GLOBALQUOTE
      245 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 43.5 30 Genting HK US$ US43.5 +3 ***** 43.5 41.5 43.5 44 2864.3 Sale 249 181 TanChongInt HK247 244 247 4.3 2.8 8.3 4974.3 DISCLAIMER: All
      245 words
    • Article
      Lock icon SGX ETF
      958 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 119 15 119 119 118 119.5 543.2 134.1 120.4 CIMB APAC Div 100S$D 134.1 136.1 137.1 111.7 95.8 CIMB APAC
      958 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      633 27 Jan 21 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.45 *****.45 *****.74 Mar13 *****.00 *****.00 *****.00 *****.00 *****8 *****1 Jun13 *****.00 *****.00 *****.00 *****.00 38 2761 MSCI TAIWAN INDEX FUTURES SPOT 277.80 277.99 275.42 Jan13 277.50 278.10 274.60 277.30 ***** *****2 Feb13 277.20
      633 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Jan 18 Index Change Change Change Change Change Change World Preliminary 974.9 0.1 3.9 0.2 3.9 -0.2 3.4 EAFE Preliminary 808.9 0.5 4.4 0.3 3.7 0.0 3.2 Europe Preliminary 1196.3 -0.1 4.3
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      96 27 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT FEB2013 1694.80 1686.10 1686.90 INDIA GOLD (E-GOLD) FUT FEB2013 569.70 567.25 568.05 CURRENCY EUR-USD FUT MAR2013 1.3397 1.3368 1.3334 BASE METAL COPPER FUT MAR2013 8112 8070 8110 INDEX IRON ORE (MBIO) IDX FUT JAN2013 144.90 144.10 143.00
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    • Article
      Lock icon CHICAGO BOT
      107 27 Jan 18 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 13 1429.25 1430.25 1438.50 1421.00 May 13 1416.75 1414.75 1423.25 1408.00 Jul 13 1410.00 1406.00 1416.00 1401.50 Aug 13 1385.00 1379.50 1387.75 1376.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 13 51.68
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 27 CRUDE OIL PRODUCTS Jan 18 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.01 0.54 WTI (Near Mth) 95.41 0.05 Dubai (1-Mth F) 106.66 0.55 Tapis blend 117.14 0.93 Minas 113.74 0.93 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105 2.56 Jet Kerosene 128.17 0.93 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Jan 21 S$ Bid Offer 1-month 1.2297 1.2298 2-months 1.2297 1.2298 3-months 1.2297 1.2298 6-months 1.2296 1.2297 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      67 27 Jan 18 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2006.50 2012.75 3 months 2042.00 2048.50 Copper, Grade A(US$/tonne) Cash 8035.75 8026.25 3 months 8061.00 8054.00 Lead(US$/tonne) Cash 2294.00 2275.50 3 months 2301.00 2285.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      67 words
    • Article
      Lock icon LIFFE
      79 27 Jan 18 COCOA (£/tonne) Close Prev High/Low Mar 13 1482 1489 1499/1477 May 13 1481 1481 1490/1474 Jul 13 1487 1484 1493/1477 Sep 13 1492 1491 1500/1484 COFFEE(US$/tonne) Close Prev High/Low Jan 13 2026 2028 2028/2015 Mar 13 1976 1978 1989/1962 May 13 1988 1989 2000/1972 Jul 13 1997
      79 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      971 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 650 5.00 16 AlliedTech W*****2 Ratio Asiatravel.com HoldingsW*****7 4.2 unch 25 1 25 18 Asiatravel.com HoldingsW*****5 4.6 1 27 42 BakerTech W*****5 10.3 unch 100
      971 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 27 Jan 21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.042 6.542 0.789 8.152 56.626 101.412 0.942 11.173 3.186 1.258 102.732 42.794 1.293 9.344 0.981 30.457 31.260 0.662 1.051 Canada 0.960 6.277
      470 words
    • Article
      Lock icon SIBOR
      67 27 Jan 21 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
      67 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Jan 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2927 1.2932 1.0513 1.0516 Canadian dollar 1.2403 1.2409 1.0091 1.0087 Euro 1.6384 1.6387 1.3325 1.3326 NZ dollar 1.0277 1.0283 0.8358 0.8362 Sterling pound 1.9521 1.9526 1.5876 1.5879
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Jan 21 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.318 1.256 Can dollar 1.265 1.205 Euro 1.670 1.591 Sterling pound 1.981 1.905 NZ dollar 1.057 0.998 US dollar 1.251 1.192 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      159 27 Jan 21 Jan 21 $S Offer Bid 0vernight 0.06 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.07 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.65 0.45 9 months 0.80
      159 words
    • Article
      Lock icon PRECIOUS METALS
      135 27 Jan 21 GOLD(US$/oz) Jan 18 Jan 21 Hong Kong 1698.00 1700.00 Jan 17 Jan 18 London 1686.06 1686.34 1686.83 1687.56 Source: Thomson Reuters CAST BAR Jan 21 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 150 67 5gm 426 334 10gm 761 668
      135 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      81 27 Jan 21 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 25-Apr-13 0.24 6-Month BS*****F 25-Jul-13 0.25 1-Year BY*****X 01-Nov-13 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 101.86 5-Year N*****0Z 2.375 01-Apr-17 108.5
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    • Article
      Lock icon PALM OIL
      60 27 Jan 21 Jan KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 13 2365.0 2358.0 2375.0 2359.0 218 6975 Mar 13 2400.0 2383.0 2408.0 2387.0 3218 ***** Apr 13 2416.0 2400.0 2428.0 2404.0 ***** ***** May 13 2440.0
      60 words
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  • PROPERTY
    • Article, Illustration
      Lock icon NZ homes have become less affordable than Australia
      658 28 Survey cites levies, constrained land supply and low rates for price hike Bloomberg [SYDNEY] New Zealand homes became less affordable than Australia in 2012 as constrained land supply and government levies, combined with low borrowing costs, pushed prices higher, according to a
      Bloomberg; PHOTO: BLOOMBERG  -  658 words
    • Article, Illustration
      Lock icon London home prices continue to increase
      500 28 Asking prices have biggest new-year surge in five years Bloomberg [LONDON] London home sellers flooded the market in January and pushed up asking prices in the biggest new-year increase since 2008, Rightmove plc said. Asking prices in the capital rose 3.6 per cent from
      Bloomberg; PHOTO: BLOOMBERG  -  500 words
    • Article
      Lock icon China Vanke jumps by 10% limit on HK share trading plan
      728 28 Bloomberg [SHANGHAI] China Vanke, the country’s biggest developer by market value, surged by the 10 per cent daily limit in Shenzhen yesterday after announcing plans to shift trading of its foreign-currency shares to Hong Kong. Vanke’s yuan-denomi-nated A shares
      Bloomberg  -  728 words
    • Article
      Lock icon Two more China developers marketing US dollar bonds
      291 28 Bloomberg [SINGAPORE] Central China Real Estate Ltd and China SCE Property Holdings Ltd are marketing US dol-lar-denominated bonds, adding to the record US$6.05 billion raised by Hong Kong and Chinese developers this year. Central China Real Estate, part-owned by Southeast Asia’s biggest
      Bloomberg  -  291 words
    • Article, Illustration
      Lock icon Battle to preserve view of Palisades
      983 29 The planned HQ of LG Electronics USA across the Hudson River from the Cloisters will mar the museum’s scenic vista of the cliffs NYT [NEW YORK] AFTER John D Rockefeller Jr donated land for the Cloisters museum in northern Manhattan, he went a step
      NYT; PHOTOS: HIROKO MASUIKE/NYT, BLOOMBERG  -  983 words
    • Article, Illustration
      Lock icon Emaar sukuk outshines as shoppers crowd malls
      877 30 Developer benefiting from Dubai’s fastest economic growth in five years Bloomberg [DUBAI] Emaar Properties PJSC’s Islamic bonds are outperforming peers this year as Dubai’s economic recovery spurs new projects, while luring homebuyers and shoppers to the emirate. Emaar’s 2016 sukuk yielded a record
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