The Business Times, 6 February 2013

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Microfilm: NL32491
Total Pages: 30
1 30 The Business Times
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  • Title Section
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    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Wednesday, February 6, 2013
    25 words
  • Article
    Lock icon Echoes of ’07 as markets flirt with risk
    689 1  -  Amid sea of liquidity, global banking body sounds an alert, says markets may be underpricing risk By in ANTHONY ROWLEY in Tokyo THE Washington-based Institute of International Finance (IIF) yesterday issued an unusually blunt warning that global financial markets could again be
    689 words
  • Article, Illustration
    Lock icon First, fix problems staring us in the face to reassure S’poreans: MPs
    783 1  -  Immediate issues should take priority, some say, amid population debate By MINDY TAN [SINGAPORE] That the government needs to fix immediate problems first and regain the trust of the populace emerged as a common theme yesterday, as Members
    783 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,272.66 (-24.71) HST INDEX FUTURES 3,273.00 (-25.00) HSIMSCI 369.37 (-1.97) HSIMSCI FUTURES 368.30 (-3.20) US$ S$ US$ (S$ per US$) 1.236 (US$/S$ per 1.573 1.945 EURO (US$/S$/€) 1.348 1.666 Foreign currency per US$ S$ YEN 92.20 74.60 RM 3.086 2.496 HK$ 7.754 6.273 BAHT 29.75 24.07 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Tuesday Change KL COMP 1,633.35 -1.20 NIKKEI 225 11,046.92 -213.43 HANG SENG 23,148.53 -536.48 SET INDEX 1,505.72 -0.65 JAKARTA COMP 4,479.44 -11.12 MANILA COMP 6,470.49 +34.51 SEOUL COMP 1,938.18 -15.03 SHENZHEN B 847.72 -8.83 MUMBAI IND 19,659.82 -91.37 11am EST Change DOW 13,997.12 +117.04 NASDAQ 3,160.47 +29.30
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    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.840 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
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      143 1 TRANSPORT HUB Strait Talk: Downside of real-time data SUBPRIME DEBT US Justice Dept files civil fraud charges against S P PAGE 2 EXECUTIVE MONEY Three investment plays for 2013 PAGE 30 COMPANIES SGX sees bustling start to 2013 PAGE 6 PAGE 19 ABSD Are we missing something? I OPINION, PAGE
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      2 1 *****1 *****4
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  • TOP STORIES
    • Article, Illustration
      Lock icon S&P faces civil fraud charges over US subprime debt
      846 2  -  Justice Dept accuses firm of inflating ratings that led to 2008 financial crisis By NEIL BEHRMANN in London THE US Justice Department has filed civil fraud charges against Standard Poor’s (S&P), accusing the firm of inflating the ratings of subprime debt
      PHOTO: BLOOMBERG  -  846 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      371 2 Echoes of ‘07 as markets flirt with risk THE Washington-based Institute of International Finance yesterday issued an unusually blunt warning that global financial markets could again be in danger of “underpricing risk” in a manner reminiscent of the runup to the global financial crisis that began in 2007.
      371 words
    • Article, Illustration
      Lock icon Smoother rides within 5 years: minister
      599 3  -  More trains, new MRT segment every year, better bus service soon By CHUANG PECK MING [SINGAPORE] Frustrated commuters don’t have to wait until 2030 to see an improvement in Singapore’s overloaded public transport system. Though the White Paper on Population sees “a very convenient
      599 words
    • Article
      Lock icon White Paper: WP stand under fire in Parliament
      525 3  -  NCMP Giam explains his party’s stance on foreign worker issue By CHUANG PECK MING [SINGAPORE] The Workers’ Party’s (WP) counterproposal to the White Paper on population in particular its call to tap more Singaporean workers and freeze the recruitment of foreign workers
      525 words
    • Article
      Lock icon Shell to upgrade plant to ramp up production of polyols
      555 3  -  New investments will capitalise on expansion of Pulau Bukom cracker By RONNIE LIM [SINGAPORE] Shell is investing in yet another plant upgrading at its US$3 billion-plus Singapore petrochemicals complex, with the latest project aimed at ramping up production of polyols
      555 words
    • Article
      Lock icon Draft guidelines out on handling of personal data
      636 4  -  Scale of paperwork and investment looms clearer for companies By JOYCE HOOI [SINGAPORE] The scale of paperwork and additional investment that firms face from the new Personal Data Protection Act (PDPA) loomed clearer yesterday with the issuance of proposed guidelines for the
      636 words
    • Article
      Lock icon HSBC’s China services PMI at 4-month high
      432 4 Reuters [BEIJING] Growth in China’s services sector hit a four-month high in January, a private survey showed, as a better business climate increased deal-making and lifted corporate confidence to an eight-month peak. The HSBC services purchasing managers’ index (PMI) rose to 54 last
      Reuters  -  432 words
    • Article, Illustration
      Lock icon Dell in US$24.4b leveraged buyout, biggest since crisis
      504 4 Founder and PE firm paying US$13.65 per share in cash Reuters [NEW YORK] Michael Dell will take computer company Dell Inc private in a US$24.4 billion deal that marks the biggest leveraged buyout since the financial crisis. The company’s founder and CEO,
      Reuters; PHOTO: BLOOMBERG  -  504 words
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      229 3 f ■jm mazna m f I. R ns ill Bg :s s f sg -VCg?r isiftr- ,-*9*88!5T< ,.>-■•" rjv '‘XtfyBSis&r •‘^'£Js J pfe FUEL. COMSUMP Mazda's newest and biggest member is all luxury, space and beauty. Immaculate qualities that are a reflection of your discerning taste. Expressing Mazda's dynamic Kodo
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      44 4 NORAH JONES www2.norahjones.com The Star Performing Arts Centre 27 FEB 2013,8PM Tickets SISTIC.com.sg or Call 6348 5555 ri ALBUM OUT NOW SUPPORTING ARTISTE CORY CHISEL Midas Promotions www.midaspromotions.com lAJooVioo'! SxfeJHjewx. IC*ISS92 M All the great songs in one place O WARNER MUSIC SINGAPORE E
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      150 4 1 THE PERFECT HOST A HOST OF THE FINEST CHINESE CUISINE AWAITS YOU f L s r SAVOUR THE TASTE OF GOOD FORTUNE AT JIN SHAN 8 Exquisite Set Menus For A Grand Celebration At Jin Shan This Chinese New Year, let the award-winning culinary team at Jin Shan tantalise
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      258 5 Singapore s Favourite NewsApp Top Grossing App Since Sept 2011 Featuring Interactive Ads That Produce Stunning Results Panasonic id^a^foKlife Lumix 1 Gallery Contest PAYING BILLS WHAT'S YOUR FWISTRATION CONTEST Movement B 0" f\V\ 0* Si uiHTeRTOiun Show us what you go through to pat your bills and. ee RewARoeo. Pacing
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SGX sees bustling start to 2013
      499 6  -  January average daily value up 42% on same 2012 month to $1.8b By KENNETH LIM TRADING activity on Singapore Exchange (SGX) jumped in January, boosting optimism for the year ahead. The average daily value of shares traded on SGX jumped by 42 per cent
      PHOTO: REUTERS  -  499 words
    • Article
      Lock icon SGX says it is ‘open to partnerships’
      428 6 Bloomberg [HONG KONG] Singapore Exchange Ltd, operator of South-east Asia’s biggest stock market, said it is open to partnerships after the Financial Times reported it was in talks to buy a stake in LCH.Clearnet Ltd. SGX is in negotiations to buy a stake
      Bloomberg  -  428 words
    • COMPANY BRIEFS
      • Article
        Lock icon Koda’s Q2 profit rises 6.9% to US$370,000
        89 6 KODA Ltd’s second-quarter net profit rose 6.9 per cent to US$370,000 from US$346,000 a year ago. Revenue for the three months ended Dec 31, 2012, inched up 2.4 per cent to US$13.6 million from US$13.3 million last year. “Sales to our major export
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      • Article
        Lock icon Technics posts 83% fall in Q1 profit
        95 6 TECHNICS Oil Gas Ltd saw an 83 per cent plunge in first-quarter net profit to $711,000 from $4.2 million a year ago. Revenue for the three months ended Dec 31, 2012, fell 68 per cent to $11.2 million from $35.3 million last year
        95 words
    • Article, Illustration
      Lock icon SIA Engg Q3 profit up 5.5% at $67m
      377 7  -  Q3 revenue down 8.3%; group expects core business to be stable in Q4 By JOYCE HOOI SIA Engineering Company posted a 5.5 per cent gain in net profit at $67 million for the third quarter ended Dec 31, 2012, an increase bolstered
      FILE PHOTO  -  377 words
    • Article
      Lock icon Leave operational risks to COOs: panel
      401 7  -  By CAI HAOXIANG A PANEL discussing Singapore’s revised code of corporate governance has proposed that chief operating officers (COOs) be in charge of assessing operational risks to alleviate the burdens on chief executive officers (CEOs) and chief financial officers (CFOs). It was uncomfortable with
      401 words
    • Article
      Lock icon Valuetronics Q3 profit drops 22% to HK$24.5m
      235 7  -  By ANGELA TENG VALUETRONICS Holdings Ltd has posted a 22.2 per cent fall in net profit for its third quarter ended Dec 31, 2012, to HK$24.51 million (S$3.91 million) from a restated HK$31.49 million a year earlier. Revenue for the period fell 16.3
      235 words
    • Article
      Lock icon Cooling measures won’t hit banks heavily: Citi Research
      432 7  -  By ANDREA SOH THE latest round of property cooling measures is unlikely to impact banks heavily, with mortgage and construction loan demand expected to remain resilient this year, though at a slower growth rate. This is because data so far since the
      432 words
    • Article, Illustration
      Lock icon FJ Benjamin Q2 profit slips 73%
      373 9  -  Results hit by lower N Asia sales, weaker festive spending in S’pore and M’sia By NISHA RAMCHANDANI RETAIL group FJ Benjamin Holdings’ (FJB) net profit for the second quarter ended Dec 31, 2012, fell 73 per cent to $1.3 million from $4.77 million a
      373 words
    • Article
      Lock icon Stamford Land 9-mth profit slumps 47%
      281 9  -  By JASMINE NG A SHARP drop in revenue resulted in a 47 per cent fall in Stamford Land Corporation’s net profit to $18.6 million for the nine months ended Dec 31 last year, from the previous corresponding period’s $35.2 million. Turnover for the nine-month
      281 words
    • Article
      Lock icon Hafary gets disposal boost; unveils placement
      261 9  -  By CARINE LEE HAFARY Holdings’ net profit for the fiscal six months ended Dec 31, 2012 rose to a record $23.91 million from $2.52 million a year earlier, boosted by a gain on disposal of development property. The company yesterday separately unveiled a proposed
      261 words
    • Article
      Lock icon Lorenzo, Ziwo, UniFood, Sinotel warn of losses
      363 9  -  Factors range from weaker demand to higher costs By TEO SI JIA THE poor fourth-quarter bug has afflicted more companies as at least four more have issued profit warnings. Lorenzo International, Ziwo Holdings and Sinotel Technologies yesterday warned of full-year losses while United
      363 words
    • Article
      Lock icon CAC unit signs 5-year deal with APL to save fuel on ships
      302 9  -  By R SIVANITHY MAINBOARD-LISTED China Auto Corporation’s (CAC) high-tech associate Neftech Pte Ltd has signed an agreement with American President Lines (APL) to treat the auxiliary engines of up to 50 APL ships with Neftech’s proprietary fuel-sav-ing nano
      302 words
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      371 6 V AUSPICIOUS DINING AT KOPI TIAM 3-19 FEBRUARY 2013 Enjoy a prosperous celebration, teeming with fortune-filled feasting at Kopi Tiam whether it is an intimate family reunion or a corporate luncheon, take in the true spirit of the Lunar New Year with eight festive delicacies including Braised Black Mushrooms with
      371 words
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      471 7 1( Q Quotes STREAMING ffcluO SET ALERT ''■■'I LEVEL ll E for Easy NEWS [Q Enter symbol for company news Today s News Yesterday s News W Stocks GOOGLE INC CL A GOOG: NSDQ Last Change Volume CS2HIH! H«J 0.00 X0| Ask 0.00 X Buy t 1000 Market Z GOOG
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Europe, US sell-off hits local stocks
      586 8  -  But firm Tuesday opening for European markets trims STI’s loss to 24.7 pts from an initial 35 pts STOCKS R SIVANITHY Senior Correspondent HAVING shot up 130 points since the start of the year, the Straits Times Index (STI) yesterday dived in response to
      Source: Bloomberg  -  586 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 8 Feb 5 VALUE CLOSE BT OB/OS 388.00 -74.00 BT CADI -*****.00 -202.00 BT 10-day MA -*****.00 +39.00 FTSE ST Mid Cap 808.81 -3.67 FTSE ST Small Cap 567.09 -3.78 FTSE ST All Share 805.89 -5.62 FTSE ST China Top 231.59 -2.29 FTSE ST China 265.78 -1.70 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      53 8 VOLUME YHM 331,071,000 Ntegrator 320,204,000 WE Hldgs 227,999,000 ICP 131,852,000 ElektromotiW*****0 127,500,000 IPCO Intl 122,811,000 Oceanus 94,289,000 Innopac 89,548,000 Transcu Grp 84,715,000 Memstar 82,133,000 VALUE($) SembMar 60,504,800 DBS Grp 52,650,080 Wilmar 52,365,090 SingTel 50,676,330 Keppel Corp 45,700,990 CapitaLand 41,335,400 UOB 39,944,530 Noble Grp 32,759,003 Golden Agri 32,731,495
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 8 4 0 0 0 4 8 4 Manufacturing 37 84 38 4 8 10 41 92 48 Commerce 13 35 16 2 8 1 15 43 17 Tpt/Stor/Comms 3 32 9
      186 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      855 8  -  Compiled by JOYCE HOOI Wing Tai Holdings Feb 5 close: S$1.94 Maybank Kim Eng Research, Feb 5 WING Tai reported a H1 FY June 2013 profit after tax and minority interests (Patmi) of S$160.7 million, coming in at 99 per cent of our estimates and 97 per cent
      Source: Bloomberg  -  855 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,289 19,289 73,493 73,493 Manufacturing 612,136 330,732 942,868 306,647 5,854 312,501 Commerce 287,341 249,437 536,778 123,522 12,549 136,072 Tpt/Stor/Comms 115,946 15,602 131,548 154,188 5,396 159,584 Finance 113,762 300 114,062 164,540 131 164,671 Construction 235,031 332,872
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 8 Stock name Close Change CapMallsAsia 2.200 CapitaLand 3.890 -0.040 CapitaMall 2.110 -0.010 CityDev 11.40 -0.300 ComfortDelGro 1.885 -0.015 DBS Grp 15.20 -0.090 F&N 9.430 GLP 2.740 -0.040 Genting SP 1.535 +0.010 Golden Agri 0.635 -0.010 HK Land 7.990 +0.040 IHH Healthcare 1.330 -0.010 JMH 61.57 -2.060
      111 words
    • Article, Illustration
      Lock icon Euro climbs towards 21/2-year high vs yen
      484 8 Euro climbs towards 2 1 /2-year high vs yen CURRENCIES Bloomberg [LONDON] The euro yesterday rose towards the strongest level in more than 21/2 years against the yen as a purchasing managers’ index (PMI) showed that services output in the region shrank less than initially estimated, boosting demand for the
      Bloomberg; PHOTO: REUTERS  -  484 words
    • Article
      Lock icon RISES
      103 8 BY CENTS CLOSE UP GLD 10US$ ***** 137.1 0.7 UOB 5.05%NCPS 100 ***** 81.0 0.8 Pru 500US$ 1370 49.4 3.0 DBXT S&P Short 10US$ 3320 40.8 1.0 DairyFarm 1290 37.1 2.4 BMT 525 20.0 4.0 UOL 627 9.0 1.5 DBS.ES.1302 1505 8.0 0.5 People's Food 136 8.0 6.3 DBXT
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    • Article
      Lock icon FALLS
      128 8 BY CENTS CLOSE DOWN JMH 6157 -254.5 -3.2 DBXT Nifty 10US$ ***** -206.3 -1.4 DBXT E50 10US$ 4185 -129.7 -2.4 DBXT FTChina25 10US$ 3097 -108.7 -2.8 DBXT MSKorea 10US$ 5848 -96.4 -1.3 Hyflux 6% CPS 10 ***** -90.0 -0.8 Lyxor China H 10US$ 1546 -51.9 -2.6 JSH 3776 -43.2
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      139 9 A^IAN HUMAN CAPITAL AWARD Showcase your innovative and impactful people practices to the world k A 'C* a«=:ia APPLY NOW Nominate your organisation and share your best people practices with us. Submissions are open until 1 March 2013 f r 4 n w. I L N v The Asian Human
      139 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Few bids for site in Queenstown
      659 10  -  Best tender price within forecast for 99-year plot next to MRT station By FELDA CHAY A PLUM, 99-year leasehold private housing site opposite the Queenstown MRT Station drew just three bidders, surprising property consultants who had expected between five and 10 contestants for the
      Source: URA, HDB  -  659 words
    • Article
      Lock icon Neste Oil adds its voice to complaints about high energy costs
      463 10  -  By RONNIE LIM FINLAND’S Neste Oil, which runs a $1.2 billion world-scale biodiesel plant at Tuas, has complained about high energy costs here impacting its Singapore operations, making it the third major oil/chemicals player here, after Lanxess and Shell,
      463 words
    • Article
      Lock icon No separate COE class for first-time car buyers
      366 10  -  But recategorisation can be explored, says minister YESTERDAY IN PARLIAMENT By MALMINDERJIT SINGH THERE will be no separate COE category for first-time car buyers although the government may explore changing the way certificates of entitlement are categorised. Minister of State for Transport
      366 words
    • Article, Illustration
      Lock icon Inflation hit poorer homes hardest in H2 last year
      409 11  -  CPI up 4.8% for bottom 20% of households against 3.8% for richest By LEE MEIXIAN INFLATION appears to have hit the poorest households here hardest in the second half of last year. The consumer price index (CPI) rose 4.8 per cent
      ST FILE PHOTO  -  409 words
    • Article, Illustration
      Lock icon Maybank spreads some festive cheer
      169 11 MAYBANK Singapore brought 30 seniors from the Kheng Chiu Loke Tin Kee Home to the SEA Aquarium in Resorts World Sentosa on Sunday. Forty-six of the bank’s employees volunteered to be chaperones on the visit to the world’s largest aquarium, ending the outing with a
      169 words
    • Article
      Lock icon StanChart reopens Yangon office
      276 11  -  By MALMINDERJIT SINGH STANDARD Chartered Bank yesterday became the latest company to establish its presence in Myanmar by reopening its representative office in Yangon. The move marks the bank’s return to the market after almost 10 years as it looks to focus on wholesale banking activities
      276 words
    • Article, Illustration
      Lock icon Most firms see growth but fear brain drain
      451 11  -  Some companies start hiring early in Q1; few plan job cuts By AMANDA TAN WHILE senior business leaders here are confident of the growth prospects of their firms a third of them are looking to hire this year –the majority are concerned
      ST FILE PHOTO  -  451 words
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      547 10 Moving Your Business Communication One Step Closer to Success Who should attend: Marketing PR Consultants, Senior and Middle Management, General Management, Sales Business Development Managers and Customer Service Personnel Supervisors. 2013 FEBRUARY SERIES igassafti FJ'y ST OBS No.1 Awarded Best in Cross Media Advertising (Silver) for Asian Digital Media Awards
      547 words
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      11 11 www.omy.sg i a iioMf N iNDf w r;:55l in Singapore showbiz.omy.sg
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      38 11 m Wishing you a :appy lunar NEW YEAR i/v/V $5 MILLION Reunion Draw Fri, 8 Feb 2013, 9.30pm Visit www.singaporepools.com.sg for details. Ip A Yri) Always play with care. responsibly] Do not bet illegally. RGB Reg No: *****0202G
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon New law set to trip up Indonesia food traders
      306 12 Reuters [JAKARTA] A new food law in Indonesia will require traders of food staples such as soyabeans, sugar and rice to regularly report stock levels to the government or face sanctions for hoarding, an influential lawmaker said on Monday. Late last
      Reuters  -  306 words
    • Article, Illustration
      Lock icon Crowded skies ahead for MAS and Air Asia as Malindo Airways flies in
      528 12  -  New player could affect passenger loads, which are now at record levels By PAULINE NG IF Malaysia’s aviation sector manages to maintain the impressive operating statistics recorded in December, its airlines may find it easier cruising at
      PHOTO: BLOOMBERG  -  528 words
    • Article, Illustration
      Lock icon 33% of AirAsia X shares to go to public: Fernandes
      414 12 [KUALA LUMPUR] AirAsia Bhd group CEO Tony Fernandes says he would, ideally, like to offer a larger portion, or 33 per cent, of long-haul low-fare airline AirAsia X shares to the public when it eventually lists. “I want everyone to
      PHOTO: BLOOMBERG  -  414 words
    • Article
      Lock icon Indonesia grows 6.23% in 2012 despite weak exports
      524 12 Reuters [JAKARTA] Indonesia reported marginally lo-wer-than-expected economic growth of 6.23 per cent last year, a year in which robust domestic demand and investment outweighed declining exports and a trade deficit that put pressure on the country’s currency. The annual rate for expansion
      Reuters  -  524 words
    • Article
      Lock icon M’sian and Chinese firms to build RM10.5b Kuantan industrial park
      312 12 Bloomberg [KUALA LUMPUR] Chinese and Malaysian companies agreed to invest RM10.5 billion (S$4.2 billion) on an industrial park in the South-east Asian nation which will include steel and aluminium plants as well as a palm oil refinery. China’s Guangxi Beibu
      Bloomberg  -  312 words
    • Article
      Lock icon KL bond, IPO funds hit record in 2012
      273 12 [KUALA LUMPUR] Malaysia’s capital market saw a record RM145.9 billion (S$58.5 billion) in funds raised through corporate bonds and initial public offerings (IPOs) last year. This was 89 per cent higher than the RM77.2 billion registered in 2011, the Securities Commission (SC)
      273 words
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      389 12 WATS NOTICES IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Summons No. 35/2013 In the matter of Section 210 of the Companies Act (Chapter 50) And In the matter of HIVERN INVESTMENTS PTE LTD (UEN No. *****5374N) And HIVERN INVESTMENTS PTE LTD (UEN No. *****5374N) ...Applicant NOTICE OF
      389 words
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      276 12 How will the three local banks fare in Q4 earnings reports? To subscribe, call 6388-3838 or go to sphsubscription.com.sg IN THE MATTER OF THE COMPANIES ACT (CAR 50) AND IN THE MATTER OF LEO RESEARCH PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) (Co. Reg. No. *****2403K) NOTICE IS HEREBY GIVEN that
      276 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon Regulators find it hard not to meddle in stock market
      677 13 Intervention by CSRC main reason behind recent rally in Chinese equities Reuters [SHANGHAI] China’s market reformers struggle against the perception that Chinese stock markets are driven by policy speculation instead of fundamentals, but the role administrative edicts played in the
      Reuters; PHOTO: REUTERS  -  677 words
    • Article, Illustration
      Lock icon Taiwan’s Chinatrust plans renminbi bonds
      661 13  -  The dim-sum bond equivalent set to hit market in H1 By YONNEX LI EJ Insight [TAIPEI] Chinatrust Commercial Bank Co Ltd is considering a maiden issue of yuan-denominated bonds in Taiwan in the first half, underscoring broader Taiwanese efforts to capture a slice of the
      EJ Insight; PHOTO: AFP  -  661 words
    • Article
      Lock icon Sinopec shares fall on plans to sell US$3.1b in new stock
      282 13 Reuters [HONG KONG] China Petroleum Chemical Corp (Sinopec), Asia’s largest refiner, said it plans to raise about US$3.1 billion in a share offering to fund its business development, sending its shares sharply lower as investors fretted about the volume
      Reuters  -  282 words
    • Article
      Lock icon US firms seek action on China cyber-security threat
      607 13 Attacks threaten to undermine bilateral trade, they say Reuters [WASHINGTON] American companies want the US and Chinese governments to work together to address the growing problem of cyber attacks that threaten to undermine trade between the world’s two largest economies, a US
      Reuters  -  607 words
    • Article, Illustration
      Lock icon China completes allotment of 70b yuan RQFII quotas
      525 13 Reuters [HONG KONG] China has completed divvying up 70 billion yuan (US$13.9 billion) in quotas for foreign institutional investors to put offshore yuan holdings into its capital markets, raising expectations that details of the next huge tranche of 200 billion yuan will
      Reuters  -  525 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon PBOC injects record 450b yuan into money markets
      594 14 Move to keep rates stable as liquidity tightens in runup to festive season Reuters [SHANGHAI] China’s central bank injected a whopping 450 billion yuan (S$89 billion) into the money markets yesterday. the largest single-day injection on record, showing Beijing’s increased confidence in
      Reuters; PHOTO: BLOOMBERG  -  594 words
    • Article, Illustration
      Lock icon Arcil sees bad debt heading for a decade high
      633 14 Bloomb erg [MUMBAI] Bad loans at Indian banks are headed for a decade high as the slowest economic growth since 2003 and Asia’s highest interest rates strain corporate finances, according to the nation’s largest debt reconstruction company. “This is the time
      Bloomberg  -  633 words
    • Article
      Lock icon Shell’s India unit to contest tax claim
      541 14 Share sale to parent part of investment in country, it says Reuters [MUMBAI] Anglo-Dutch oil major Royal Dutch Shell’s Indian unit will challenge a claim by the local tax authorities that a share sale to its overseas parent in 2009 was undervalued by
      Reuters  -  541 words
    • Article, Illustration
      Lock icon India needs to commit to reforms: Fitch
      455 14 It must do more, including having a ‘credible’ fiscal plan Reuters [MUMBAI] India needs to commit to its recent reform measures and meet its fiscal deficit targets, Fitch Ratings said on Monday, putting further pressure on a government keen to retain investment grade
      Reuters; PHOTO: AP  -  455 words
    • Article
      Lock icon GSK lifts stake in Indian consumer healthcare arm
      257 14 Reuters [LONDON] GlaxoSmithKline plc (GSK) has lifted its stake in its publicly-listed Indian consumer healthcare subsidiary to 72.5 per cent from 43.2 per cent, deepening its footprint in emerging markets and non-prescription products. David Redfern, GSK’s chief strategy officer, said yesterday the
      Reuters  -  257 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Euro on uptrend, defying ECB policies
      980 15 It hurts exporters while US, Japanese firms benefit from weak currency Bloomberg [LONDON] After Mario Draghi injected one trillion euros (S$1.68 trillion) into banks, cut interest rates and offered to buy government bonds, the monetary union is still burdened with a stronger currency than
      Bloomberg; PHOTO: AP  -  980 words
    • Article, Illustration
      Lock icon Aussie central bank signals rate cut
      719 15 Bloomberg [SYDNEY] Australia’s central bank held its benchmark interest rate at the half-century low reached in 2009 and signalled room to cut further as a weak labour market contains inflation. The local currency fell. “The inflation outlook, as assessed at present, would afford scope
      Bloomberg; PHOTO: BLOOMBERG  -  719 words
    • Article
      Lock icon Prolonged stagnation seen for UK economy
      449 15 Bloomberg [LONDON] Britain’s economy will grow more slowly this year than previously forecast and stagnation may persist, according to the National Institute of Economic and Social Research (NIESR). The institute sees the economy expanding 0.7 per cent this year instead of the 1.1 per
      Bloomberg  -  449 words
    • Article, Illustration
      Lock icon Three EU nations push for bank bail-in powers by ’15
      706 15 New rules to give eurozone more tools to avoid bailouts Bloomberg [BRUSSELS] Germany, the Netherlands and Finland want to speed up European Union (EU) plans to force losses on senior bondholders of failing banks, three European government officials said. The
      Bloomberg; PHOTO: AFP  -  706 words
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  • WORLD
    • Article, Illustration
      Lock icon IMF’s censure of Argentina may deter investors
      898 16 But fund’s rebuke for questionable statistics unlikely to sway govt policy WP [WASHINGTON] The International Monetary Fund’s historic rebuke of Argentina is likely to cement its outcast status among global investors while failing to persuade the government to boost the credibility of its
      WP; PHOTO: AP  -  898 words
    • Article, Illustration
      Lock icon DAZZLING OPTICAL ILLUSION
      61 16 [LONDON] A work titled ‘Exploded View (Commuters)’ by Jim Campbell on display at the ‘Light Show’ exhibition in London. The bulb matrix coordinates lights to show shadows of moving people when seen straight on. The Jan 30-April 28 show consists of 25 installations by artists on the
      PHOTO: AFP  -  61 words
    • Article
      Lock icon Barclays staff discussed foiling client deal: lawyer
      454 16 Bloomberg [LONDON] Barclays plc employees were recorded talking about going behind a client’s back to make a competing bid for a takeover target, according to phone transcripts being used as evidence in a lawsuit against the lender. CF Partners (UK) LLP is suing
      Bloomberg  -  454 words
    • Article
      Lock icon Barclays takes another £1b hit for mis-selling products
      593 16 Reuters [LONDON] Barclays has set aside another £1 billion (S$1.95 billion) to compensate customers for mis-sell-ing products, dropping another British banking bombshell as the industry struggles with the scale of redress for past misdemeanours. UK banks are embroiled in two separate mis-selling
      Reuters  -  593 words
    • Article
      Lock icon European mobile carriers trail US as price cuts eat away at revenue
      630 16 Heavy regulation, stiff competition leave firms unable to raise bills Bloomberg [PARIS] Europe’s wireless carriers are falling behind their US rivals in efforts to boost tariffs as they introduce faster service, with price cuts in France and Britain
      Bloomberg  -  630 words
    • Article, Illustration
      Lock icon Aussie builders dangle baits for home buyers
      922 17 Interest rate cuts fail to spur housing demand amid slowing job growth Bloomberg [SYDNEY] Australian homebuilders are resorting to discounts, gift vouchers and help with mortgage payments to lure reticent buyers. Stockland, Australia’s biggest residential developer, is giving rebates and gift vouchers of
      Bloomberg; FILE PHOTO: BLOOMBERG  -  922 words
    • Article, Illustration
      Lock icon UBS private bank sees weak client inflows
      659 17 Reuters [ZURICH] UBS saw weak client inflows at its flagship private bank in the fourth quarter as it reported a hefty net loss due to a US$1.5 billion fine for rigging benchmark interest rates and restructuring costs. Switzerland’s biggest bank announced plans in
      Reuters; PHOTO: REUTERS  -  659 words
    • Article, Illustration
      Lock icon Floggers cash in on food-crazy Asia
      549 17 AFP [KUALA LUMPUR] As a Hindu who does not eat beef but craves other meat, Tashny Sukumaran discovered her new passion for pork burgers through her native Malaysia’s vibrant food-blogging, or “flogging”, scene. The Muslim-majority country’s mainstream media shy from references to pork and
      AFP; PHOTO: AFP  -  549 words
    • Article
      Lock icon Microsoft to tie up with Huawei in Africa thrust
      644 17 Middle-class wage earners target of US$150 smartphone NYT [BERLIN] Microsoft, taking aim at the world’s fast-est-growing smartphone market, said on Monday that it would team up with Huawei of China to sell a low-cost Windows smartphone in Africa. The phone, called
      NYT  -  644 words
    • Article
      Lock icon Asset sales and oil spill charges halve BP earnings
      485 18 It reports US$11.58b earnings in 2012 as Deepwater Horizon bill hits US$42.2b AFP [LONDON] BP said yesterday that net profits slumped by more than half last year, hit by asset sales and after it agreed to pay billions of dollars to
      AFP  -  485 words
    • Article, Illustration
      Lock icon Apple losing its app advantage to Google
      746 18 Bloomberg [SAN FRANCISCO] Apple Inc, five years after popularising the term “app” and sparking a mobile-software boom, is losing its advantage in smartphone applications to Google Inc, diminishing one of the iPhone’s selling points. Sales of applications from Google’s online store doubled in
      Bloomberg; PHOTO: AFP  -  746 words
    • Article
      Lock icon Talks may undermine EU’s ambitions
      431 18 AFP [BRUSSELS] The European Union’s grand ambitions to meet the economic and technological challenges of the future look likely to come under threat at difficult talks tomorrow to set the bloc’s next long-term budget. Sources at both the European Commission and the European Parliament say
      AFP  -  431 words
    • Article, Illustration
      Lock icon Spanish banks ready to rally after bleak year
      770 18 Hefty provisions against bad loans hit profits in 2012 AFP [MADRID] Spanish banks are poised for a return to normal activity in 2013 after setting aside billions of euros last year in provisions against potential losses on real-estate loans which holed their
      AFP; PHOTO: REUTERS  -  770 words
    • Article, Illustration
      Lock icon Bank of America settlement raises fresh questions
      722 18 NYT [NEW YORK] Bank of America has long rued its decision in 2008 to acquire Countrywide Financial, the sub-prime mortgage giant. To date, the bank has set aside some US$40 billion to settle claims of mortgage misconduct that occurred before it acquired the
      NYT; PHOTO: AFP  -  722 words
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  • Transport HUB
    • Article
      Lock icon Downside of real-time data
      770 19  -  Greater monitoring of what is going on at sea could undermine the position of the master STRAIT TALK By DAVID HUGHES NOT too long ago, ships left port, dipped over the horizon and were gone. The owner usually received daily reports based on the noon position.
      770 words
    • Article, Illustration
      Lock icon Suez Canal rate hike may keep vessels away
      601 19 Owners will re-route ships around Cape of Good Hope: ICS Reuters [LONDON] The decision by Egypt’s Suez Canal Authority (SCA) to raise toll fees could force ship owners, already battling a deep slump in their sector, to re-route vessels around the Cape
      Reuters; PHOTO: REUTERS  -  601 words
    • Article
      Lock icon Tanker hire costs have second biggest increase this year
      676 19 Reu ters Bloomberg [LONDON] Hire costs for the largest oil tankers had this year’s sec-ond-biggest gain on Monday on stronger bookings of ships to haul cargoes of Middle East crude to Asia, the industry’s busiest trade route. Charter rates for very
      Reuters; Bloomberg  -  676 words
    • Article, Illustration
      Lock icon Royal Caribbean bullish on US cruise demand
      406 19 Reuters [NEW YORK] Royal Caribbean Cruises Ltd, the world’s second-largest cruise operator, on Monday said that strong US demand and a jump in bookings so far this year would help mitigate lingering weakness in Europe in 2013. The cruise operator gave a revenue
      Reuters  -  406 words
    • Article
      Lock icon Shipping rates to rise three-fold by 2015
      327 19 Bloomberg [LONDON] Rates for ships carrying minerals and grains will climb almost three-fold by 2015 as demand for the vessels expands at a faster pace than supply, says investment bank RS Platou Markets. Earnings for the largest Capesize ships carrying about 90 per
      Bloomberg  -  327 words
    • Article
      Lock icon TRANSPORT STOCKS
      230 19 SGX '000 Feb 5 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.29 -0.02 286 Cosco Corp 0.93 -0.02 5147 Vol First Ship Lea 0.13 unch 2251 Freight Links 0.08 unch 4983 Grand Banks unch unch 0 Jaya Hold Ltd 0.72 0.01 2840 K1Ventures 0.16 unch 5862 Keppel
      230 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Stakeholders hold key to aviation’s future: minister
        494 20  -  Upholding safety, adequate capacity, developing human resource are vital By MA XIANGYU THE future of aviation will be determined by how well aviation stakeholders can work together and rise to the challenge, embracing change, and shaping it, Transport Minister Lui Tuck Yew told
        494 words
      • Article
        Lock icon Airbus wins US$9b order from Air Lease
        437 20 Bloomberg [TOULOUSE] Airbus SAS won a US$9 billion order from Steven Udvar-Hazy’s Air Lease Corp that includes 25 A350 wide-body jets, a competitor to Boeing Co’s grounded 787 Dreamliner. The purchase consists of 20 A350-900s, the first varian t o f Ai r
        Bloomberg  -  437 words
      • Article, Illustration
        Lock icon Boeing urges FAA to allow Dreamliner test flights
        490 20 Bloom berg [DALLAS] Boeing Co asked the US Federal Aviation Administration (FAA) for approval to resume test flights with the 787 Dreamliner while the plane remains grounded during an investigation of battery faults. The FAA is still considering that request, according to
        Bloomberg; PHOTO: AFP  -  490 words
      • Article
        Lock icon New Kansai seeking advice on airport rights sale
        521 20 Sale of Osaka concession will raise up to 1.2t yen; proceeds to reduce debt Bloomberg [TOKYO] New Kansai International Airport Co plans to hire financial advisers as early as in April for the sale of an airport concession in Osaka, aiming to
        Bloomberg  -  521 words
      • Article
        Lock icon Airports not ready for budget airlines expansion
        689 20 Asia’s discount carriers plan to add 750 new airplanes Bloomberg [SINGAPORE] Asia’s discount carriers are so optimistic about surging travel demand in the region that they plan to add 750 new airplanes over the next decade. The airports aren’t ready. About 50 low-fare
        Bloomberg  -  689 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon German carmakers reaping US harvest
        1005 21 Daimler, BMW, VW report double-digit 2012 sales growth on demand surge NYT [FRANKFURT] It was only a few years ago that some economists were arguing that Europe was “decoupling” from its long dependence on trade with the United States, and predicting that the Continent’s future
        NYT; PHOTO: AP  -  1,005 words
      • Article, Illustration
        Lock icon Toyota raises its annual profit forecast
        719 21 AP [TOKYO] Toyota Motor Corp raised its fiscal year profit forecast yesterday to triple what it eked out for the disaster-struck previous year, as the world’s top automaker continued on a comeback roll as sales surged, especially in the US. Toyota’s October-Decem-ber profit jumped
        AP; PHOTO: AFP  -  719 words
      • Article, Illustration
        Lock icon Turbocharged engines have no edge over older cars, says magazine
        561 21 Reuters [DETROIT] Vehicles with small, turbocharged engines do not have a significant edge over larger, more traditional powertrains and in some cases the newer models are slower and less fuel-efficient, Consumer Reports said yesterday. The influential magazine’s findings pose a
        Reuters; PHOTO: AFP  -  561 words
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  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      367 20 CRYPTIC CROSSWORD Across 1 How reader catching up on back issues of magazine proceeds occasionally? (4,4,2,4) 9 Little energy, feeling more dead? It shows you what’s in the food! (1-6) 10 Girl about 10 may be one receiving a signal (7) 11 River going down a long way with no
      367 words
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  • Page 21 Advertisements
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      Lock icon Page 21 Advertisements Column 1
      28 21 KISS92 FM CMcn is kiss® I r ~:"rCATCH THE NISSAN KISS 92 KISS MOBILE TUNE IN TO KISS 92 TO FIND OUT WHERE WE’LL BE! kiss92.sg facebook.com/kiss92fm Q@kiss92fm
      28 words
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      Lock icon Page 21 Advertisements Column 2
      46 21 FEB ISSUE OUT NOW! CARBS fet FORABS o P110 > 3 WEEKS TONIGHT 4 SMILE TO PREVENT DIABETES'* L- 1 1:: J; a FREE! NEUTROGENA MEN OIL-CONTROL HYDRATOR WORTH $19 WITH THIS ISSUE! ONLY AT CHEERS. WHILE STOCKS LAST! MENSHEALTH.COM.SG 100% USEFUL WEBSITE! sPHmagazines Neutrogena* Oil-Control Hydrator
      46 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Business concerns warrant attention
      457 22 EDITORIAL AS the White Paper on Population continues to be debated in parliament, over recent days Singapore’s business community has voiced its concerns about some of its contents, particularly the proposed capping of workforce growth to 1-2 per cent a year until 2020 and reducing it
      457 words
    • Article, Illustration
      Lock icon Japan, China should rein in nationalistic forces
      792 22  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 SINCE mid-January, tensions over the disputed islands in the East China Sea known as Diaoyu to China and Senkaku to Japan have noticeably declined,
      792 words
    • Article, Illustration
      Lock icon Europe should focus on private investment
      1066 22  -  The non-financial corporate sector is the only one able to spend with others constrained By ERIC LABAYE The writer is chairman of the McKinsey Global Institute. WHEN the European Council next meets t o m o rr o w should be looking i t
      PHOTO: REUTERS  -  1,066 words
    • Article, Illustration
      Lock icon ABSD: Are we missing something?
      1876 23  -  HDB prices are still high, curbs have not damped speculation in other sectors, and foreign investors have value in market By KU SWEE YONG The writer is the CEO of real estate agency International Property Advisor Pte Ltd Despite four sets of cooling measures imposed
      Source: URA, IPA  -  1,876 words
    • Article, Illustration
      Lock icon Build retirement villages or assisted-care condos here
      859 23  -  Having purpose-built retirement communities will have a positive impact on family relationships. By STEFANIE YUEN THIO The writer is joint managing director, TSMP Law Corp BY 2030, one in three Singapore citizens will be at least 65 years old. One of the most
      PHOTO: FILE PHOTO  -  859 words
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  • Article
    Lock icon SHIPPING TIMES
    2933 24 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 STXPO TBN Camden/New
    2,933 words
  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      39 24 Ship maintenance Can they find your services here in -the Shipping Times? TO ADVERTISE. CALI IOE WONG AT 9620 1327 THE BUSINESS TIMES Shipping Times Shippers looking for Warehouse Can they find your services here in the Shipping Times?
      39 words
    • Advertisement
      Lock icon Page 24 Advertisements Column 2
      17 24 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE The Business Times Shipping Times
      17 words
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  • Page 25 Advertisements
    • Advertisement
      Lock icon Page 25 Advertisements Column 1
      88 25 Importers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 M the business times Shipping Times Publicise Your Delivery Of Newbuilds Come publicise your Ship Christenings Delivery of Newbuilds, Project Completion, Vessel Conversion Refurbishment, Award Wins Certifications, Corporate
      88 words
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      Lock icon Page 25 Advertisements Column 2
      15 25 TO ADVERTISE IN .The Business Times mt UUJII'JLJJ i imtj Shipping Times CALL JOE WONG
      15 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3204 26 Transaction date: Feb 5 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 Day Last Quote ('000) High Low Buyer Seller 159.5 98.5 AIMSAMPIReit --AAT Net P/E M Cap
      3,204 words
    • Article
      Lock icon SGX CATALIST
      213 27 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 4.6 1.3 t Advanced System 1.7 unch ***** 1.7 1.6 1.7 1.8 25.3 Last Quote Div Gr Yld Net M Cap High
      213 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10542 27 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FundCl A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** 1.13/ Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond Asian Local Ccy SD Bond Global Emerging Markets!** Asian Smaller Cos''* 1 9518/ EM local Ccy Bond
      10,542 words
    • Article
      Lock icon GLOBALQUOTE
      262 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 25.5 AVJennings A38 -1 4 38 38 38 41.5 3.6 9.2 3 99 45 30 Genting HK US$ US43 -0.5 8835 43.5 42 42.5 43 2831.3
      262 words
    • Article
      Lock icon SGX ETF
      925 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 135.9 120.4 CIMB APAC Div 100S$D 135.8 134.3 135.3 111.7 95.8 CIMB APAC Div 100US$ US111.7 108.5 109.4 11.7 1399 1246 CIMBASEAN40 100S$D 1385 1387
      925 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      635 28 Feb 5 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.24 *****.85 *****.92 Mar13 *****.00 *****.00 *****.00 *****.00 *****8 *****4 Jun13 *****.00 *****.00 *****.00 *****.00 37 4004 MSCI TAIWAN INDEX FUTURES SPOT 284.80 284.80 282.21 Feb13 284.50 285.10 282.20 283.50 ***** *****9 Mar13 282.50
      635 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 28 In local curr In S$ In US$ dy yr dy yr dy yr Feb 4 Index Change Change Change Change Change Change World Preliminary 986.4 -1.0 5.1 -1.2 6.2 -1.1 4.7 EAFE Preliminary 816.9 -1.0 5.5 -1.4 5.9 -1.4 4.4 Europe Preliminary 1191.3 -1.9 3.8
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 28 Feb 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.040 6.487 0.773 8.076 55.509 100.806 0.960 11.322 3.214 1.236 101.884 42.329 1.287 9.303 0.948 30.791 30.986 0.662 1.042 Canada 0.961 6.235
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    • Article
      Lock icon SIBOR
      66 28 Feb 5 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid
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    • Article
      Lock icon PRECIOUS METALS
      134 28 Feb 5 GOLD(US$/oz) Feb 05 Feb 04 Hong Kong 1683.20 1677.60 Feb 04 Feb 01 London 1670.71 1668.30 1671.48 1669.30 Source: Thomson Reuters CAST BAR Feb 05 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 149 67 5gm 424 333 10gm 758 665
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    • Article
      Lock icon GOVERNMENT SECURITIES
      90 28 Feb 5 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 02-May-13 0.26 6-Month BS*****Z 25-Jul-13 0.27 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 99.93 5-Year N*****0Z 2.375 01-Apr-17 107.94
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    • Article
      Lock icon PALM OIL
      57 28 Feb 5 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 13 2482.0 2481.0 2495.0 2476.0 367 3837 Mar 13 2519.0 2528.0 2530.0 2513.0 2668 ***** Apr 13 2542.0 2548.0 2556.0 2534.0 ***** ***** May 13 2563.0 2564.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 28 Feb 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2866 1.2881 1.0414 1.0417 Canadian dollar 1.2365 1.2382 1.0014 1.0008 Euro 1.6650 1.6667 1.3476 1.3479 NZ dollar 1.0414 1.0425 0.8429 0.8431 Sterling pound 1.9437 1.9454 1.5732 1.5733
      154 words
    • Article
      Lock icon CHICAGO BOT
      108 28 Feb 4 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 13 1488.75 1474.25 1498.00 1475.50 May 13 1480.25 1465.50 1489.50 1467.50 Jul 13 1470.50 1455.25 1479.75 1456.50 Aug 13 1442.00 1426.00 1449.00 1431.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 13
      108 words
    • Article
      Lock icon LIFFE
      80 28 Feb 4 COCOA (£/tonne) Close Prev High/Low Mar 13 1427 1435 1442/1424 May 13 1434 1444 1452/1430 Jul 13 1444 1453 1458/1441 Sep 13 1452 1462 1468/1450 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2036 2049 2068/2025 May 13 2047 2055 2074/2034 Jul 13 2057 2061 2081/2050 Sep 13 2066
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      883 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv Ratio Asiatravel.com HoldingsW*****7 5.4 1 25 17 Asiatravel.com HoldingsW*****5 5.5 1 27 41 BakerTech W*****5 12 unch 568 1 27 5 3.08 28 Best World Intl Ltd
      883 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 28 CRUDE OIL PRODUCTS Feb 04 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 115.29 -0.73 WTI (Near Mth) 97.17 -0.44 Dubai (1-Mth F) 111.35 0.44 Tapis blend 122.26 0.25 Minas 118.36 0.25 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 110.22 1.50 Jet Kerosene 133.07 1.05 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 28 Feb 5 S$ Bid Offer 1-month 1.2356 1.2366 2-months 1.2356 1.2366 3-months 1.2356 1.2366 6-months 1.2355 1.2365 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      67 28 Feb 4 Feb 4 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2073.75 2087.75 3 months 2112.00 2125.00 Copper, Grade A(US$/tonne) Cash 8267.25 8254.50 3 months 8305.00 8290.00 Lead(US$/tonne) Cash 2438.50 2441.00 3 months 2451.00 2451.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 28 As at 9am Feb 05 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.323 1.260 Can dollar 1.269 1.209 Euro 1.711 1.630 Sterling pound 1.987 1.911 NZ dollar 1.078 1.017 US dollar 1.263 1.203 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 28 Feb 5 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: NA US$ 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 0.60 12
      157 words
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  • executive Money
    • Article, Illustration
      Lock icon Three investment plays for 2013
      699 30  -  Despite improving economic outlook, Manulife Asset doesn’t see significant expansion of market valuation/earnings. ByTEH TEH HOOI LING DOMESTIC consumption, infrastructure plays in the transport and oil and gas sectors, and yield stocks are three investment themes that will remain attractive in the Singapore market in
      FILE PHOTOS  -  699 words
    • Article, Illustration
      Lock icon Indonesian banks outdo US lenders with 23% returns
      1587 30 They trump what Chinese banks get (21%); Canadians (20%); and the US (9%) Bloomberg [JAKARTA] THE lime-green Yamaha Mio motorbike that Suryadi bought in 2011 to commute to his job pumping gas in Jakarta would have cost 11.8 million rupiah (US$1,508) had
      Bloomberg; FILE PHOTO  -  1,587 words
    • Article, Illustration
      Lock icon Be very afraid when fear fades from markets
      963 29  -  Policymakers shouldn’t read too much into today’s stable environment and take caution from recent periods of financial history, says DEAN CURNUTT DEAN CURNUTT Dean Curnutt is the founder and chief executive officer of Macro Risk Advisors in New York. The opinions expressed
      PHOTO: REUTERS  -  963 words
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      Lock icon Davos: actions speak louder
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