The Business Times, 9 February 2013
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2013-02-09
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The Business Times
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Title Section21 2013-02-09 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g FEBRUARY 9-10, 2013 S$1.00| S$1.00| MICA (P) 075/08/2012 Sffll A SINGAPORE PRESS HOLDINGS PUBLICATION21 words
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23 2013-02-09 1 POPULATION PITCH HE hopes that Singaporeans will tap the new marriage and parenthood package and have babies. 223 words
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Article25 2013-02-09 1 FINANCIAL COUP SINGAPORE is the first non-Chinese city to get the direct currency link, boosting its financial-centre status. 525 words
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34 2013-02-09 1 LEGAL ACTION IT applies for receivers to be appointed on an ex-parte basis on suspicions that the main authorised bank signatory had misappropriated at least $34 million. 734 words
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Article, Illustration944 2013-02-09 1 Lee U-Wen - It will reduce intake of foreign workers, moderate flow of new citizens and keep pool of PRs at current size By Lee U-Wen leeuwen@sph.com.sg Singapore INGAPORE’S population journey has a new milestone to work towards: Year 2020. But while the bandwagon continues944 words
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830 2013-02-09 1 Kalpana Rashiwala - 30% mortgage servicing ratio for private homes likely; FIs to look at broader debt too By Kalpana Rashiwala kalpana@sph.com.sg Singapore BANKS may have to adopt tougher rules before granting loans for private home purchases. This is to ensure more financial prudence. Questions830 words
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Page 1 Advertisements
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Advertisement45 2013-02-09 1 the business www. usinesstimes.com. THE RAFFLES CONVERSATION MARK TEMPLETON, CEO OF CITRIX SYSTEMS 10-11 There will be no publication of The Business Times on Monday, Feb 11, on account of Chinese New Year holiday. Publication resumes on Tuesday, Feb 12. LIVING Double or nothing L2-445 words
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Advertisement12 2013-02-09 1 WEALTH Don’t bet on long-term returns 30 -31 45Singapore identity, Page 412 words
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TOP STORIES
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MARKETS
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Article58 2013-02-09 2 GSTI 3,270.30 (+8.53) GSTI FUTURES 3,271.00 (+9.00) GSIMSCI 369.83 (+1.38) GSIMSCI FUTURES 369.90 (+1.90) Friday Change KL COMP 1,623.80 +4.23 NIKKEI 225 11,153.16 -203.91 HANG SENG 23,215.16 +38.16 SET 1,497.30 -2.51 JAKARTA 4,491.27 -11.88 MANILA 6,458.67 -1.32 KOSPI 1,950.90 +19.13 SHENZHEN B 854.00 +9.00 MUMBAI IND 19,484.77 -95.55 11am58 words
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Article29 2013-02-09 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.840 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.45 Source: Bloomberg29 words
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Article48 2013-02-09 2 US$ S$ US$ (S$ per US$) 1.239 (US$/S$ per 1.572 1.947 EURO(US$/S$/€) 1.340 1.660 Foreign currency per US$ S$ YEN 92.80 74.90 RM 3.100 2.502 HK$ 7.756 6.260 BAHT 29.79 24.04 RUPIAH 9,674 7,808 RENMINBI 6.233 5.031 INDIAN RUPEE 53.61 43.27 A$ 0.970 0.783 NZ$ 1.197 0.96648 words
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593 2013-02-09 2 Lee U-Wen - In his CNY message, he says families are basic building blocks of society By Lee U-Wen leeuwen@sph.com.sg Singapore PRIME Minister Lee Hsien Loong hopes that Singaporeans will take advantage of the government’s new marriage and parenthood package and eventually have more babies. In his593 words
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646 2013-02-09 2 Lim Jia Ying - By Lim Jia Ying sofialim@sph.com.sg Singapore LITTLE can curb Singaporeans’ wanderlust, it seems not the uncertainty in the economy nor the tradition of visiting or receiving family and friends over the Chinese New Year (CNY). In fact, the CNY has become a646 words
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790 2013-02-09 4 Ong Chor Hao - He spells out how key areas in the White Paper can only benefit stakeholders of the Singapore success story By Ong Chor Hao ongch@sph.com.sg Singapore NOT everyone in the Singapore core laid out in the Population White Paper will or790 words
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685 2013-02-09 5 Siow Li Sen - By Siow Li Sen lisen@sph.com.sg Singapore SINGAPORE just received a big hongbao: it has finally got its own renminbi clearing bank the first non-Chinese city to get the direct currency link. This will boost Singapore’s financial-centre status as other rivals nip at its heels685 words
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509 2013-02-09 6 Nisha Ramchandani - Airport operator to also put aside further $680m for additional infrastructure By Nisha Ramchandani nishar@sph.com.sg Singapore CHANGI Airport Group (CAG) will spend close to $1.3 billion developing Terminal 4 and additional infrastructure as it seeks to boost its total passenger-han-dling capacity to509 words
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481 2013-02-09 6 Virginie Mangin - By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S imports and exports surged last month while inflation dipped but analysts warned that the data, which comes just before Chinese New Year, is distorted and that next month’s statistics will give a clearer picture of the Chinese economy and481 words
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713 2013-02-09 6 Mindy Tan - With speculators out of the picture, tender shows SMEs’ appetite By Mindy Tan tanmindy@sph.com.sg Singapore THREE industrial sites drew bids on the top end of expectations, reflecting continued strong demand, even as the speculative element has been sieved out. This713 words
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Article, Illustration894 2013-02-09 7 Grace Leong - It also files breach of fiduciary duties claims against former non-exec director Andy Ong By Grace Leong gleong@sph.com.sg Singapore SAKAE Holdings Ltd has mounted a two-prong legal attack against its former non-executive director Andy Ong Siew Kwee, who resigned after heFILE PHOTO - 894 words
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369 2013-02-09 7 Bloomberg Dallas AMERICA’S airlines scrapped about 2,000 flights scheduled for yesterday and today and braced for additional cancellations from a winter storm that threatens to dump as much as 60 centimetres of snow across parts of New England. Carriers announcing schedule changesBloomberg - 369 words
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Article, Illustration816 2013-02-09 8 Wee Le Ting - Customers visiting nurseries earlier this year but higher costs, competition could hit profits By Wee Le Ting ltwee@sph.com.sg Singapore SINGAPOREANS are heading to the nurseries to buy Chinese New Year blooms and other plants associated with the season, opening their wallets although thePHOTOS: ARTHUR LEE - 816 words
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497 2013-02-09 8 Amanda Tan - By Amanda Tan aktanht@sph.com.sg Singapore HAMPER sales are going strong as corporates and individuals continue the tradition of gifting ahead of the Chinese New Year never mind that Singapore’s GDP grew only 1.2 per cent last year. Four out of the497 words
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Page 2 Advertisements
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Advertisement55 2013-02-09 2 CONTENTS NEWS Top Stories 2-8 Week in Review 9 Raffles Conversation 10-11 Companies 12-15 From the Desk of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-35 Know your ETF 32 Househunt 34 LIVING Dining L2-5 Watches L6-9 Home Garden L10-11 Gadgets L12 Sports L13 Motoring L14-1555 words
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Page 3 Advertisements
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Advertisement141 2013-02-09 3 This year, aim higher. Each new year brings more opportunities to create a better future for you and your family. At Barclays, we understand this and would like to wish you and your loved ones “Cong Xi Fa Cai!” If you wish to aim higher, call +65 6308 3000 or141 words
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Page 5 Advertisements
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Advertisement64 2013-02-09 5 PEARL ISLAN Sentosa Cove, Singapore m mi? Only 19 fabulous bungalows for the discerning few Sentosa Cove The world's most desirable address. Exclusive oceanfront international residential community. Long-Term Social Visit Pass Scheme* Pearl Island 4 levels of exquisite living spaces. m*B, mmimmmm. isiesio Subject to government approval mmmm Foreign individuals64 words
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WEEK IN REVIEW
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THIS WEEK Feb 4 -Feb 8, 2013
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63 2013-02-09 9 THE coming short-selling reporting requirements on the Singapore Exchange could pose qualitative and operational challenges when they take effect in March, complicating the expected benefits of greater transparency, market players said. Starting March 11, brokers who enter a “sell” order on SGX must declare63 words
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Article73 2013-02-09 9 GOLD has long been the darling of Asian investors. But its lesser cousin silver may now be coming into its own as an investment asset. Demand for physical silver has rocketed in the past few months, propelled by repeated “quantitative easing” in the US,73 words
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63 2013-02-09 9 MEMBERS of Parliament kicked off the debate on population on Monday, with many of them expressing concerns about a thinning Singaporean “core” that could erode the Singapore identity. They felt that the government had not pushed hard enough to grow the population internally, but turned63 words
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69 2013-02-09 9 THE Washington-based Institute of International Finance has issued an unusually blunt warning that global financial markets could again be in danger of “underpricing risk”, reminiscent of the run-up to the global financial crisis that began in 2007. The alert comes at a69 words
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77 2013-02-09 9 THAT the government needs to fix immediate problems first and regain the trust of the populace emerged as a common theme on Tuesday, as Members of Parliament entered the second day of the population debate. Indeed, there is a need to77 words
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72 2013-02-09 9 THE US Justice Department has filed civil fraud charges against Standard Poor’s, accusing the firm of inflating the ratings of subprime debt that ultimately crashed and precipitated the financial crisis of 2008. From September 2004 through October 2007, S&P “knowingly and72 words
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Article, Illustration71 2013-02-09 9 IMAGINE Singapore in 2030, if nothing is done to mitigate the population crisis heading its way. The population has aged rapidly, with just 2.1 working adults supporting an elderly citizen above 65 years old down from 5.9 in 2012. MR SINGH Singapore needs71 words
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62 2013-02-09 9 THE Tokyo stock market leapt by 4 per cent to its highest level in more than four years on Wednesday as the yen went into something approaching free fall following Bank of Japan governor Masaaki Shirakawa’s surprise announcement late on Tuesday62 words
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73 2013-02-09 9 AFTER four days of intense debate, multiple speeches by ministers and backbenchers and a frank airing of diverse views, a surprising consensus has emerged on several key points surrounding the direction that Ship Singapore is headed. Both the ruling People’s Action Party and73 words
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67 2013-02-09 9 SINGAPORE Airlines continued to struggle with pricing pressure through the third quarter, posting lower operating profit and revenue. The group, which accounts for 37 per cent of Changi Airport traffic, posted a 6 per cent rise in third-quarter net profit to $14367 words
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Article71 2013-02-09 9 US DATA Feb 12 Treasury Budget Feb 13 Retail sales Feb 14 Jobless claims Feb 15 Industrial production CONSUMER SENTIMENT Other Data Feb 13 Bank of England inflation report EVENTS Feb 11 Brussels Eurogroup meeting Feb 12 Jakarta Bank of Indonesia board of governor’s meeting71 words
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Page 9 Miscellaneous
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Miscellaneous339 2013-02-09 9 Across 1 Cook a rib in a new way with skate wings (6) 4 Uncovering dodgy jewellery (8) 9 Rough game’s uncontrolled movement (6) 10 It’s used for canvassing and for canvassing (8) 12 Beatles song sampled backwards in Purple Haze (4) 13 Problem thumb (5) 14 Shaft or source339 words
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Miscellaneous14 2013-02-09 9 SATURDAY with Ludwig Chinese New Year celebration is the highest point of my diet14 words
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THE RAFFLES CONVERSATION
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Article, Illustration1549 2013-02-09 10 / 11 Victoria Ho - Mark Templeton has seen Citrix Systems through boom and almost bust, and even took a demotion on the chin when he was CEO. He tells Victoria Ho why he has stayed with the company and how he’s hedging his bets on making computing systems mobilePHOTO: VICTORIA HO - 1,549 words
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COMPANY NEWS
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Article, Illustration675 2013-02-09 12 Siow Li Sen - Full-year profit hits $1 .2b; shareholders to get 27¢ final dividend plus 27¢ special payout By Siow Li Sen lisen@sph.com.sg Singapore GREAT Eastern Holdings (GEH) yesterday said net profit for fourth-quarter 2012 more than tripled to $225.6 million from $68.9 million on675 words
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362 2013-02-09 12 Kenneth Lim - By Kenneth Lim kenlim@sph.com.sg Singapore UNITED Industrial Corp (UIC) posted a doubling of full-year net earnings after revaluation gains on investment properties lifted the property developer out of an operational profit slump. UIC said profit attributable to shareholders doubled to $391.6 million362 words
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320 2013-02-09 12 Jasmine Ng - By Jasmine Ng jasng@sph.com.sg Singapore CITYSPRING Infrastructure Trust yesterday reported a third-quar-ter net profit after a loss last year, supported by higher gas sales and lower costs. In the three months to Dec 31, the company said net profit was $6.5 million,320 words
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Article, Illustration600 2013-02-09 13 Andrea Soh - US short-seller says Olam’s main problems had worsened, after it releases quarterly results By Andrea Soh sandrea@sph.com.sg Singapore LESS than a day after Olam International released its second best quarterly results since listing, Muddy Waters charged that the firm’s main problems had worsened while maintainingPHOTO: BLOOMBERG - 600 words
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566 2013-02-09 13 Bloomberg Singapore AN unprecedented wave of deals for South-east Asian food and drink companies has traders betting the next targets will include chocolatier Petra Foods Ltd and instant-coffee and cracker maker Viz Branz Ltd. Buyers from Coca-Cola Femsa SAB to Heineken NV announced aBloomberg - 566 words
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386 2013-02-09 13 Lee Meixian - By Lee Meixian leemx@sph.com.sg Singapore TWO equipment specialists are delisting. Kian Ann Engineering yesterday said it will be delisted from the Singapore Exchange (SGX) on Feb 14, 2013, more than 16 years after it debuted on the mainboard.386 words
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Article, Illustration512 2013-02-09 14 Nisha Ramchandani - Record $3.54b revenue, nearly all units did better By Nisha Ramchandani nishar@sph.com.sg Singapore COMFORTDELGRO Corporation posted a 5.6 per cent year-on-year rise in net profit to $248.9 million for the full year ended Dec 31, 2012. Revenue rose 3.9 per cent to aPHOTO: BLOOMBERG - 512 words
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340 2013-02-09 14 Lee Meixian - By Lee Meixian leemx@sph.com.sg Singapore TIGER Airways Holdings has named its group chief financial officer (CFO), Chin Sak Hin, 53, as chief operations officer (COO) of the budget carrier company. Khushi Ram, 46, will take over from Mr Chin as group CFO.340 words
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Article, Illustration613 2013-02-09 15 R Sivanithy - STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent EUROPEreplacedWall Street as the main source of worry for equity markets, as investors apparently forgot that European Central Bank (ECB) chief Mario Draghi last year promised to pump in as much money as it takes to613 words
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213 2013-02-09 15 Reuters Brussels DUTCH brewer Heineken said yesterday that its acquisition of the rest of Asia Pacific Breweries (APB) would boost its earnings per share slightly in the first year and yield 25 million euros (S$41.5 million) of synergy benefits thisReuters - 213 words
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Article64 2013-02-09 15 BY CENTS CLOSE UP DBXT AUD Bonds 5AU$ ***** 222.0 1.0 JMH 6130 84.2 1.1 DairyFarm 1365 44.6 2.7 DBS Bk 4.7% NCPS 100 ***** 38.0 0.4 UOB 5.05%NCPS 100 ***** 30.0 0.3 Jardine C&C 5218 18.0 0.3 IS Asia BND 100US 1083 16.1 1.2 Goodland W*****7 3164 words
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Article58 2013-02-09 15 BY CENTS CLOSEDOWN DBXT Nifty 10US$ ***** -140.0 -1.0 GLD 10US$ ***** -96.6 -0.5 DBXT FTChina25 10US$ 3016 -92.9 -2.4 DBXT E50 10US$ 4137 -65.7 -1.3 DBXT MSTHAI 10US$ 2196 -54.5 -2.0 SIA.ES.1302 1103 -26.0 -2.3 HK Land 779 -19.8 -2.0 CMProp 2450 -16.0 -3.9 STXPO 100 54658 words
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323 2013-02-09 15 Teo Si Jia - By Teo Si Jia teosj@sph.com.sg Singapore FORMER Members of Parliament S Chandra Das and Lau Ping Sum and Potong Pasir MP Sitoh Yih Pin have resigned from their board positions in Nera Telecommunications (NeraTel). In Singapore Exchange filings323 words
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Article156 2013-02-09 15 VOL CLOSE Ntegrator 327,621 10 9 1 .2 12.4 MDR 305,262 1 9 0.0 0.0 WE H l dgs 229,336 9 9 1 .8 22.2 Vall i anz H l dgs 227,791 6 2 0.6 10.7 Magnus 162,101 4 1 0.6 17.1 Adventus 126,494 3 2 0.5156 words
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Article110 2013-02-09 15 Stock name Close Change CapMallsAsia 2.100 +0.020 CapitaLand 3.860 CapitaMall 2.130 +0.010 CityDev 11.46 -0.060 ComfortDelGro 1.905 +0.005 DBS Grp 14.98 +0.030 F&N 9.440 +0.010 GLP 2.640 -0.060 Genting SP 1.600 +0.045 Golden Agri 0.635 HK Land 7.790 -0.160 IHH Healthcare 1.315 +0.010 JMH 61.30 +0.680 JSH 38.07110 words
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Page 14 Advertisements
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Advertisement175 2013-02-09 14 THE BUSINESS TIMES SATURDAY SPECIAL Every 3rd guest is on the house! Present this ad and the third diner eats without charge Venue Seoul Restaurant (Korean BBQ), #02-01A CHIJMES, 30 Victoria St, Tel *****548 Website: www.seoul.com.sg Terms conditions U N..A= 6I!&C .R= !8TE) SA3EA@: 1I:8=CI2;Q ITC C&TTA= SRT!2 1I:L 18T175 words
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FROM THE DESK OF
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Article, Illustration758 2013-02-09 16 Ammar Hindi - Prevention is no longer better than cure when it comes to IT network security FROM THE DESK OF Ammar Hindi Managing Director, APAC, Sourcefire ‘Prevention is better than cure.” These wise words have resonated across various aspects of life and business. This phrase758 words
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SINGAPORE NEWS
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619 2013-02-09 17 Mindy Tan - Threefold increase from a year ago driven by rush to complete transactions before new cooling measures kick in By Mindy Tan tanmindy@sph.com.sg RESALE volumes for private residential homes jumped 16.7 per cent month-on-month to hit 920 transactions in January, as buyers rushed619 words
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Article, Illustration437 2013-02-09 17 Ronnie Lim - By Ronnie Lim ronnie@sph.com.sg NORWEGIAN solar cell maker Renewable Energy Corporation (REC) is planning to ramp up production of solar panels to 850 megawatts (MW) this year from 746MW last year, by further optimising production at its integrated Singapore plant that produces wafers, solar cells,FILE PHOTO - 437 words
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311 2013-02-09 17 Jasmine Ng - Plan is to allow JTC to collect, analyse, and publish data on the industrial property market By Jasmine Ng jasng@sph.com.sg JTC Corporation is seeking feedback from the public on planned changes to the Jurong Town Corporation Act. The amended act will provide311 words
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Article, Illustration483 2013-02-09 18 Maria Mala Yogalingam - Players report a 5-20% surge in demand leading up to Chinese New Year and expect uptrend to continue By Maria Mala Yogalingam ymaria@sph.com.sg CHINESE New Year’s eve might traditionally have been the day for spring cleaning, but many Singaporeans have started to do their483 words
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Article, Illustration301 2013-02-09 18 Arthur Lee - By Arthur Lee arthurl@sph.com.sg STANDARD Chartered Bank set out to raise $30,000 for charity at its Chinese New Year party for clients held on Feb 7, but ended up receiving a whopping $230,000 in donations. Some $100,000 will go towards setting up an occupational therapy301 words
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Page 18 Advertisements
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Advertisement68 2013-02-09 18 bun Qlw S lOOOO G s N f ER b Sent °S3 berth. 6 7 '^pooT top^wide E front°a 0 ne Hi decor. a<? a 9 e designer Holland V AlmnJ CCess to I Ffnn f 7 2liTsf H UNO, Ilk sf elevated 6esf?$2^ 0,e SENTOSA BUNGALOW. Check this and68 words
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WORLD
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614 2013-02-09 19 December’s deficit narrows more than forecast on record petroleum exports LATEST US DATA Bloomberg Washington THE trade deficit in the US narrowed more than forecast in December led by record exports of petroleum that gave the world’s largest economy a boost at the endBloomberg - 614 words
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Article, Illustration598 2013-02-09 19 AFP Bloomberg Brussels EUROPEAN Union (EU) leaders finally clinched a deal on the bloc’s next 2014-2020 budget, summit chair and EU president Herman Van Rompuy said yesterday. “Deal done!” Mr Van Rompuy said on Twitter after more than 24 hours of tough talks betweenAFP; Bloomberg; PHOTO: REUTERS - 598 words
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Briefing
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144 2013-02-09 19 AFP KuchingA Malaysian state said the minister yesterday said the government would not push ahead with plans to build 12 dams on Borneo island, acknowledging they have caused outrage from local tribes and environmentalists. The proposals sparked fears that theAFP - 144 words
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129 2013-02-09 19 ros.AP Exports from Germa- ny, Europe’s biggest economy, hit a record high of nearly 1.1 trillion euros (S$1.8 trillion) last year, thanks to strong demand from outside Europe. The Federal Statistical Office said yesterday that exports grew 3.4 per cent, drivenros.AP - 129 words
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142 2013-02-09 19 Bloomberg ParisThe French government floated the possibility of buying a stake in PSA Peugeot Citroen after the ailing automaker announced second-half writedowns of 4.13 billion euros (S$6.85 billion) amid Europe’s plunging auto sales. “Let’s be clear: this company cannot, must not disappear,”Bloomberg - 142 words
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Article, Illustration652 2013-02-09 20 Anthony Rowley - Japan posts record-high trade deficit, record-low current-account surplus for last year By Anthony Rowley btnews@sph.com.sg Tokyo A RECORD-HIGH trade deficit and a record-low currentaccount surplus in 2012 announced by Japan yesterday underscored the problems that Prime Minister Shinzo Abe’s recently installed government is having toPHOTO: REUTERS - 652 words
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341 2013-02-09 20 Reuters Kuala Lumpur MALAYSIA’S exports and imports suffered their worst year-on-year fall in December since late 2009, reflecting the uneven nature of economic recoveries in its key overseas markets. Factory output for the month also fell more than expected, but analysts saidReuters - 341 words
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Article362 2013-02-09 20 Reuters Sydney AUSTRALIA’S central bank has trimmed its growth and inflation forecasts as a coming peak in the mining investment bonanza, government spending cuts and a high currency keep economic growth below potential. The Reserve Bank of Australia’s (RBA) quarterly report on the economy out yesterdayReuters - 362 words
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Article, Illustration468 2013-02-09 22 US$3.1 b share sale is the largest equity transaction to be handled by a single bank in Asia ex-Japan Reuters Hong Kong GOLDMAN Sachs earned the envy of its rivals this week as the investment bank secured a rare monopoly on the feesReuters; PHOTO: REUTERS - 468 words
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Article, Illustration636 2013-02-09 22 AFP Sydney BE polite but not too familiar, display lucky symbols and take things slowly unusual advice for the frantic world of retail but Australian stores hope it will help lure cashed-up Chinese tourists. As Sydney gears up to hostAFP; PHOTO: REUTERS - 636 words
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Page 21 Advertisements
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Advertisement202 2013-02-09 21 6 4 2 I I -2 -4 I I -6 T T Jan 11 Jul 11 Jan 12 Jul 12 Jan 13 Whichever way property trends are heading, STProperty will always point you in the right direction. Get the upper hand on property market intelligence with trends and analytics. Check202 words
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Article8155 2013-02-09 23 Transaction date: Feb 8 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15 11.4 8Telecom 13.5 +0.3 60 13.5 13.5 13.5 18.6 66.8 0.4 3.2 64.7 6 3 A-Sonic 4.2 3.8 4.6 3.1 30.18,155 words
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Article1889 2013-02-09 26 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21.5 15 t 800 Super 20.5 unch 55 21 20.5 20.5 21 3.3 4.9 6.1 36.7 4 2.8 t AA Grp 2.8 3.2 4 2.71,889 words
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Article186 2013-02-09 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 3 6 0 0 0 6 3 6 Manufacturing 62 43 40 9 8 7 71 51 47 Commerce 32 16 13 6 5 2 38 21 15 Tpt/Stor/Comms 19 13 10186 words
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Article805 2013-02-09 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Feb 4 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Sino Construction 7-Feb-13 Sino Xin Yuan Constn Invm Buy 393 0.03 *****4 18.87 *****7 18.93 Sino Construction805 words
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Article123 2013-02-09 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 48,383 48,383 43,169 43,169 Manufacturing 400,210 180,820 581,030 203,306 8,018 211,325 Commerce 289,588 591,423 881,011 135,025 40,245 175,270 Tpt/Stor/Comms 132,998 24,822 157,820 176,875 9,540 186,415 Finance 66,600 99 66,699 108,271 43 108,314 Construction 181,712 96,520123 words
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MARKETS
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Article79 2013-02-09 27 Feb 7 COCOA (£/tonne) Close Prev High/Low Mar 13 1457 1452 1472/1446 May 13 1461 1458 1474/1451 Jul 13 1470 1467 1484/1463 Sep 13 1479 1476 1491/1472 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2098 2069 2109/2055 May 13 2079 2072 2092/2056 Jul 13 2086 2082 2098/2070 Sep 13 209379 words
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Article68 2013-02-09 27 Feb 8 GOLD(US$/oz) Feb 07 Feb 06 Hong Kong 1684.00 1680.30 Feb 06 Feb 07 London 1675.06 1679.41 1675.83 1380.33 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 39.48 38.83 Source: UOB PLATINUM/ Lon (US$/oz) Feb 07 Close Previous PM Fix 1736.00 1724.00 AM Fix 1730.00 1730.00 Source:68 words
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Article60 2013-02-09 27 Feb 8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 13 2468.0 2470.0 2468.0 2468.0 47 1675 Mar 13 2530.0 2524.0 2537.0 2509.0 1013 ***** Apr 13 2558.0 2551.0 2562.0 2532.0 9452 ***** May 13 2571.0 2568.060 words
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Article90 2013-02-09 27 Feb 8 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 09-May-13 0.26 6-Month BS*****Z 12-Aug-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*****0S 0.25 01-Feb-13 99.95 100.00 100.00 5-Year N*****0Z 2.37590 words
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Article154 2013-02-09 27 Feb 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2760 1.2773 1.0302 1.0306 Canadian dollar 1.2408 1.2424 1.0024 1.0018 Euro 1.6591 1.6605 1.3395 1.3398 NZ dollar 1.0347 1.0360 0.8354 0.8359 Sterling pound 1.9466 1.9482 1.5716 1.5719154 words
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Article127 2013-02-09 27 Feb 08 Ji 7A11 /i ih> ..ill! t'T fyfrqv .4 frrvnw Stoll t»ll> Aim tioli.ii 1.304 1242 Can dollar 1.271 1.-2T1 Euro 1.698 1.618 Sterling pound 1.934 1.908 MS dollar 1.067 1.007 US dollar 1-964 1 204 L.W ffOlJ H> T| 1 1 1 A l„127 words
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Article103 2013-02-09 27 Feb 7 SOYBEANS (5,000 bu min; USc/60 lb bushels) Previous High/Low Mar 13 1486.75 1487.50 1497.00 1478.00 May 13 1473.25 1477.25 1484.75 1468.00 Jul 13 1462.25 1468.50 1473.75 1459.00 Aug 13 1431.50 1439.50 1442.25 1430.25 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Mar 13 51.85 52.45 52.59 51.80103 words
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STOCK MARKETS
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Article, Illustration20 2013-02-09 27 YTD change: +3.26% 52-week high: 3,319.19 on Feb 4,2013 52-week low: 2,698.90 on June 4,2012 Source: BloombergSource: Bloomberg - 20 words
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Article, Illustration20 2013-02-09 27 YTD change: +2.46% 52-week high: 23,944.74 on Feb 4,2013 52-week low: 18,056.40 on June 4,2012 Source: BloombergSource: Bloomberg - 20 words
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Article, Illustration21 2013-02-09 27 YTD change: +7.20% 52-week high: 2,478.38 on Feb 27,2012 52-week low: 1,949.46 on Dec 4,2012 Source: BloombergSource: Bloomberg - 21 words
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Article, Illustration19 2013-02-09 27 YTD change: +7.29% 52-week high: 11,498.42 on Feb 6,2013 52-week low: 8,238.96 on June 4,2012 Source: BloombergSource: Bloomberg - 19 words
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Article, Illustration26 2013-02-09 27 YTD change: +6.41% 52-week high: 14,019.78 on Feb 1,2013 52-week low: 12,035.09 on June 4,2012 (Chart shows Thursday’s index closing) Source: BloombergSource: Bloomberg - 26 words
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Article68 2013-02-09 27 Feb 07 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 116.38 0.51 WTI (Near Mth) 95.71 -1.00 Dubai (1-Mth F) 112.62 1.22 Tapis blend 123.2 1.16 Minas 119.7 1.16 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 112.94 1.83 Jet Kerosene 135.22 0.89 US$/barrel OpecOil Basket Price 113.168 words
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Article69 2013-02-09 27 Feb 7 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2060.50 2058.65 3 months 2099.00 2099.00 Copper, Grade A (US$/tonne) Cash 8164.50 8207.75 3 months 8200.00 8245.00 Lead (US$/tonne) Cash 2397.00 2409.25 3 months 2410.00 2422.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.5069 words
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373 2013-02-09 27 In local curr In S$ In US$ dy yr dy yr dy yr Feb 7 Index Change Change Change Change Change Change World Preliminary 987.0 -0.7 5.2 -0.7 5.9 -0.8 4.4 EAFE Preliminary 817.0 -0.5 5.5 -0.7 5.1 -0.8 3.6 Europe Preliminary 1186.0 -0.8 3.4373 words
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PERSPECTIVE
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Article, Illustration1041 2013-02-09 28 / 29 John Henderson - There’s anecdotal evidence in Asia that job security is being prioritised over bonuses and salary rises. By John Henderson By John Henderson ~The writer is Asia-Pacific regional director of Regus IT’S a question being asked all over the world. On Wall Street, bankers arePHOTO: STOCK.XCHNG - 1,041 words
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826 2013-02-09 28 / 29 J Bradford DeLong - By J Bradford DeLong ~J Bradford DeLong, a former deputy assistant secretary of the US Treasury, is professor of economics at the University of California at Berkeley and a research associate at the National Bureau for Economic Research Project Syndicate ACROSS the NorthProject Syndicate - 826 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1106 2013-02-09 30 / 31 Genevieve Cua - To assume that big returns can be expected from equity investments over long run is delusional, says new study Genevieve Cua gen@sph.com.sg Personal Finance Editor INVESTING in equities has often been held up as a means to generate wealth in the long run, but newPHOTO: STOCK.XCHNG; Source: Credit Suisse Global Investment Returns Yearbook 2013 - 1,106 words
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Article804 2013-02-09 30 / 31 Joyce Hooi - Compiled by Joyce Hooi Jaya Holdings Buy DBS Group Research Feb 8 Close: $0.695 IMPAIRMENT charge a drag on an otherwise good quarter. Q2 FY June 2013 revenue jumped more than seven times, within expectations, mainly from higher vessel sales (Q2 2013: two units versus Q2 2012: nil).804 words
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Article, Illustration1446 2013-02-09 32 Investors in exchange-traded funds should know exactly what they’re getting NYT New York THIS week was the 20th anniversary of the creation of the first exchange-trad-ed fund: the Standard Poor’s Depositary Receipts ETF, which tracks the performance of the S&P 500 indexNYT; PHOTO: BLOOMBERG - 1,446 words
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Article, Illustration966 2013-02-09 33 Conservative bets for its ‘safer’ funds leads to underperformance as others take on more risk NYT New York Fidelity investments is the giant of “target date” mutual funds, one of the hottest ideas in 401 (k) plans. For its customers, the payoff hasNYT; FILE PHOTO: BLOOMBERG - 966 words
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WEALTH REAL ESTATE
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Article769 2013-02-09 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JAN 9 AND JAN 15, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 11/01/2013 99 1184 2700 2280 District 3 NON-LANDED Alexis769 words
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Article, Illustration1407 2013-02-09 35 Seen as alternatives to low-yielding bonds and volatile stocks, their real estate invesments hit a record last year Bloomberg London SOVEREIGN wealth funds from China to Azerbaijan, which pushed their real estate deal making to a record last year, are set to extend theirBloomberg; PHOTO: HEETON HOLDINGS - 1,407 words
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Advertisement147 2013-02-09 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. > -i-' IN 1986, AUDEMARS PIQUET BECAME THE FIRST WATCHMAKER TO FEATURE A TOURBILLON IN AN AUTOMATIC WRIST WATCH. TODAY THE TRADITION TOURBILLON REPETITION MINUTE IS OUR LATEST EXPRESSION OF THIS PIONEERING SPIRIT. THE TOURBILLON COUNTERACTS THE EFFECT OF GRAVITY ON147 words
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Advertisement57 2013-02-09 1 LivingBTTHE BUSINESS TIMES WEEKEND FEBRUARY 9-10 2013 DOUBLE OR NOTHING The dual-shift restaurant L2-4 ALIBABAR PHOTO: DEBBIE YONG PERSONAL SPACE More than meets the eye L10-11 SPORT Adding that French pizzazz L13 DINING Enjoy a cuppa in Boat Quay L5 MOTORING A much-needed turbo boost L15 WATCHES Novel movements L6-957 words
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BT Living
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DINING
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Article532 2013-02-09 2 / 3 Debbie Yong - One space, two distinct uses by day and by night. In the face of high rents and space scarcity, is the dual-shift restaurant a new business model for the industry? Debbie Yong finds out Debbie Yong LIKE it or not, high rents are here to stay. But532 words
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Article, Illustration617 2013-02-09 2 / 3 Alibabar Hawker Bar 125 East Coast Road Z6440 6147 Hours: 7.30am-11pm daily SOMETIMES, it takes industry outsiders to inject fresh ideas into our local food scene. When Tan Kay Chuan and his wife took over the master tenancy for Ali Baba Eating House in Katong just over aPHOTOS: DEBBIE YONG/ ALIBABAR - 617 words
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Article, Illustration651 2013-02-09 2 / 3 Shoebox Canteen 36 North Canal Road Z9296 4836 Hours: 11.45am-2.30pm (Mon-Fri) Bitters and Love Z6438 1836 Hours: 6pm-12am (Mon-Thu) 6pm-2am (Fri-Sat) NOT only do they have to deal with sky-high rents in land-scarce Singapore, aspiring restaurateurs have a whole other list of boxes to check when they’rePHOTOS: BITTERS AND LOVE - 651 words
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Article, Illustration749 2013-02-09 2 / 3 Two Face Pizza Taproom 56 Eng Hoon Street #01-46 Z6536 0024 Hours: 5.30-11pm (Tue-Thu), 5.30pm-12am (Fri-Sat), 10am-10pm (Sun) IF you walked past the coffeeshop in Block 56 on Eng Hoon Street recently, you might think the space is battling an identity crisis. A plastic banner advertising YaPHOTOS: DEBBIE YONG - 749 words
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Article, Illustration665 2013-02-09 5 Debbie Yong - By Debbie Yong debyong@sph.com.sg Homebodies 60A Boat Quay 11am-9pm (Mon-Thu), 11am-11pm (Fri-Sat) Z 6535 0838 ROUGH-hewn concrete walls with DIY stencil motifs. Lulling jazz rhythms from an iPod speaker. Custom-made industrial chic tables. Youthful patrons discussing with lilts hinting at an overseasPHOTOS BY: DEBBIE YONG - 665 words
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Article, Illustration665 2013-02-09 5 Debbie Yong - By Debbie Yong debyong@sph.com.sg Strangers’ at Work 11 Collyer Quay #01-12 Z6222 4869 Hours: 8am-5pm (Mon-Fri) THOUGH a CBD espresso bar had always been on Ryan Tan’s to-do list, the numbers just didn’t add up. Try to balance astronomical city-centre rents with lacklustre demand from Singaporeans665 words
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WATCHES
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Article, Illustration3237 2013-02-09 6 / 7 Chuang Peck Ming - The recent Salon International de la Haute Horlogerie 2013 saw new, original, unusual and even innovative timepieces. By Chuang Peck Ming By Chuang Peck Ming peckming@sph.com.sg Many of the luxury timepieces in the Salon International de la Haute Horlogerie 2013 in Geneva live up to the tag they3,237 words
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HOME & GARDEN
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Article, Illustration1170 2013-02-09 10 / 11 Tay Suan Chiang - Clever use of multi-functional and space-saving furniture makes Matt Levin’s 700 sq ft loft apartment feel much bigger. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg BRITISHexpatriateMatt Levin’s loft apartment is about 700 sq ft in size, but it can sleep sixPHOTOS: YEN MENG JIIN - 1,170 words
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GADGETS
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Article, Illustration611 2013-02-09 12 Tired of having to split gadget shopping between him and her? Christopher Lim picks a few that come in pairs or can be used by either partners limchris@sph.com.sg Native Union Bluetooth POP Handset $99 Native Union Hello Kitty POP Handset $79 LOVEBIRDS tend to spend611 words
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SPORT
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Article, Illustration858 2013-02-09 13 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent FEW players in football’s modern era achieve instant stardom on their club debuts. Wayne Rooney marked his first match for Manchester United nearly nine years ago by scoring a hat-trick in the Champions League. Fabrizio Ravanelli did the samePHOTOS: AP, AFP, REUTERS - 858 words
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MOTORING
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Article, Illustration627 2013-02-09 14 Samuel Ee - If you’re in the market for an SUV, check out this new proposition a Korean crossover with diesel engine and seven seats. By Samuel Ee By Samuel Ee samuelee@sph.com.sg MOST carmakers like to emphasise the word “new” when rolling out their latest models, even when they627 words
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Article, Illustration518 2013-02-09 15 Samuel Ee - Land Rover Freelander 2 offers a smaller but punchier 2.0-litre turbocharged petrol engine. By Samuel Ee samuelee@sph.com. sg FIVE years after it was launched here, the Land Rover Freelander 2 gets a light makeover on the outside but a much needed overhaul on the inside. The518 words
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GOLF
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Article, Illustration1107 2013-02-09 16 Justine Moss - Move to Serapong from TMCC is in line with Sentosa’s growing appeal as a leisure and lifestyle destination, says organiser IMG Golf. By Justine Moss By Justine Moss btnews@sph.com.sg WHEN the sixth edition of the US$1.4 million H S B C W o m ePHOTOS: HSBC WOMEN'S CHAMPIONS - 1,107 words
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Advertisement1057 2013-02-09 4 wine&dine with BTWeekend AquaMarine Level 4, Marina Mandarin Singapore 6 Raffles BoulevardZ 6845 1111 Auspicious Beginnings Love in Abundance Valid on Feb 14,2013 Celebrate a special moment with your loved one at AquaMarine by enjoying a gastronomic buffet dinner spread with exquisite dishes such as Lobster Thermidor, Roast Lamb Leg1,057 words
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Advertisement37 2013-02-09 12 HOME NEEDS r Is it time for a new coat of paint for the house? To find out more, turn to CLASS 112 in CATS Classified in The Straits Times now. WATS BUY IT-SELL IT* FIND IT37 words
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