The Business Times, 9 February 2013

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Microfilm: NL32491
Total Pages: 45
1 16 The Business Times
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        58 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 11am
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      • Article
        Lock icon PRIME RATES
        29 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: Bloomberg
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      • Article
        Lock icon FOREX
        48 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 0.966
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    • Article
      Lock icon PM: Pro-family environment is the key
      593 2  -  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 his
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    • Article
      Lock icon Asia a hot destination for S’poreans this CNY
      646 2  -  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 a
      646 words
    • Article
      Lock icon PM Lee assures that Singapore’s identity will grow in strength
      790 4  -  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 or
      790 words
    • Article
      Lock icon ICBC appointed RMB clearing bank here
      685 5  -  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 heels
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    • Article
      Lock icon CAG will spend $600m to develop Terminal 4
      509 6  -  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 to
      509 words
    • Article
      Lock icon China’s December trade figures soar
      481 6  -  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 and
      481 words
    • Article
      Lock icon Strong demand for industrial sites; bids at top of forecasts
      713 6  -  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. This
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    • Article, Illustration
      Lock icon Sakae applies for receivers for certain assets at Griffin
      894 7  -  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 he
      FILE PHOTO  -  894 words
    • Article
      Lock icon US airlines scrub 2,000 flights before storm’s arrival
      369 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 changes
      Bloomberg  -  369 words
    • Article, Illustration
      Lock icon Plant sales blossom but earnings may shrink
      816 8  -  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 the
      PHOTOS: ARTHUR LEE  -  816 words
    • Article
      Lock icon Sales of hampers seen rising as much as 30%
      497 8  -  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 the
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  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      55 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 L14-15
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      141 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 or
      141 words
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  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      64 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 individuals
      64 words
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  • WEEK IN REVIEW
    • THIS WEEK Feb 4 -Feb 8, 2013
      • Article
        Lock icon Challenges seen in new short-selling rules
        63 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 declare
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      • Article
        Lock icon Silver may be the new gold
        73 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,
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      • Article
        Lock icon Thinning Singaporean core troubles MPs
        63 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 turned
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      • Article
        Lock icon Echoes of 2007 as markets flirt with risk
        69 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 a
        69 words
      • Article
        Lock icon First, fix problems staring us in the face: MPs
        77 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 to
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      • Article
        Lock icon S&P faces civil fraud charges over US subprime debt
        72 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 and
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      • Article, Illustration
        Lock icon Government sketches out contours of the crisis
        71 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 needs
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      • Article
        Lock icon Markets cheer for Abenomics, with BOJ governor’s early exit
        62 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 Tuesday
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      • Article
        Lock icon Government underlines risk of foreign worker freeze
        73 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 and
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      • Article
        Lock icon SIA still struggling for profits in crowded skies
        67 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 $143
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    • Article
      Lock icon NEXT WEEK Feb 11-Feb 15
      71 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 meeting
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  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      339 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 source
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    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      14 9 SATURDAY with Ludwig Chinese New Year celebration is the highest point of my diet
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Trusting instinct in decision making
      1549 10 / 11  -  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 mobile
      PHOTO: VICTORIA HO  -  1,549 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Great Eastern Q4 net profit soars to $225.6m
      675 12  -  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 on
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    • Article
      Lock icon UIC FY 12 profit doubles on revaluation gains
      362 12  -  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 million
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    • Article
      Lock icon CitySpring back in the black, DPU at 0.82¢
      320 12  -  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,
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    • Article, Illustration
      Lock icon Muddy Waters slams Olam again
      600 13  -  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 maintaining
      PHOTO: BLOOMBERG  -  600 words
    • Article
      Lock icon Petra seen as next potential target
      566 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 a
      Bloomberg  -  566 words
    • Article
      Lock icon Kian Ann to delist next week; Hup Soon on its way out
      386 13  -  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
    • Article, Illustration
      Lock icon ComfortDelGro FY 12 net profit up 5.6%
      512 14  -  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 a
      PHOTO: BLOOMBERG  -  512 words
    • Article
      Lock icon Tiger Airways names new COO and group CFO
      340 14  -  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.
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      Lock icon European jitters hit blue chips, pennies still shine
      613 15  -  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 to
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    • Article
      Lock icon Heineken takes stock of gains from full acquisition of APB
      213 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$41.5 million) of synergy benefits this
      Reuters  -  213 words
    • Article
      Lock icon TOP GAINERS
      64 15 BY CENTS CLOSE UP DBXT AUD Bonds 5AU$ ***** 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 31
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      Lock icon TOP LOSERS
      58 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 100 546
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      Lock icon Chandra Das, Lau Ping Sum and Sitoh Yih Pin quit NeraTel board
      323 15  -  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 filings
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    • Article
      Lock icon TOP 20 ACTIVES
      156 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 0.5
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    • Article
      Lock icon STI STOCKS
      110 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 38.07
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  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      175 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 18T
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Total security: Before, during and after breach
      758 16  -  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 phrase
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  • SINGAPORE NEWS
    • Article
      Lock icon Private home resale deals up 16.7% in Jan
      619 17  -  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 rushed
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    • Article, Illustration
      Lock icon Future looking brighter for REC
      437 17  -  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
    • Article
      Lock icon JTC seeks public feedback on proposed new function
      311 17  -  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 provide
      311 words
    • Article, Illustration
      Lock icon Room to grow for self-storage facilities
      483 18  -  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 their
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    • Article, Illustration
      Lock icon StanChart raises $360k for charity
      301 18  -  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 therapy
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  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      68 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 and
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  • WORLD
    • Article
      Lock icon Trade gap shrinks 20.7% to US$38.5b
      614 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 end
      Bloomberg  -  614 words
    • Article, Illustration
      Lock icon EU leaders reach accord over budget
      598 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 between
      AFP; Bloomberg; PHOTO: REUTERS  -  598 words
    • Briefing
      • Article
        Lock icon Sarawak not going ahead with plans for 12 dams Kuching
        144 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 the
        AFP  -  144 words
      • Article
        Lock icon German exports chalk up new high in 2012 Berlin
        129 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, driven
        ros.AP  -  129 words
      • Article
        Lock icon French govt may buy stake in Peugeot Paris
        142 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
    • Article, Illustration
      Lock icon Double whammy for Abe govt
      652 20  -  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 to
      PHOTO: REUTERS  -  652 words
    • Article
      Lock icon M’sia Dec exports fall most in 3 yrs
      341 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 said
      Reuters  -  341 words
    • Article
      Lock icon RBA cuts growth forecast
      362 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 yesterday
      Reuters  -  362 words
    • Article, Illustration
      Lock icon Fee bonanza for Goldman in Sinopec deal
      468 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 fees
      Reuters; PHOTO: REUTERS  -  468 words
    • Article, Illustration
      Lock icon Sydney rolls out red carpet to woo ‘prosperous’ Chinese tourists
      636 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 host
      AFP; PHOTO: REUTERS  -  636 words
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  • Page 21 Advertisements
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      Lock icon Page 21 Advertisements Column 1
      202 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. Check
      202 words
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  • Article
    Lock icon SGX
    8155 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 30.1
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  • Article
    Lock icon SGX CATALIST
    1889 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 $mil 21.5 15 t 800 Super 20.5 unch 55 21 20.5 20.5 21 3.3 4.9 6.1 36.7 4 2.8 t AA Grp 2.8 3.2 4 2.7
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  • Article
    Lock icon SECURITIES TRADING SCOREBOARD
    186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 3 6 0 0 0 6 3 6 Manufacturing 62 43 40 9 8 7 71 51 47 Commerce 32 16 13 6 5 2 38 21 15 Tpt/Stor/Comms 19 13 10
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  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    805 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Feb 4 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Sino Construction 7-Feb-13 Sino Xin Yuan Constn Invm Buy 393 0.03 *****4 18.87 *****7 18.93 Sino Construction
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  • Article
    Lock icon SECURITIES TRADING TURNOVER
    123 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 48,383 48,383 43,169 43,169 Manufacturing 400,210 180,820 581,030 203,306 8,018 211,325 Commerce 289,588 591,423 881,011 135,025 40,245 175,270 Tpt/Stor/Comms 132,998 24,822 157,820 176,875 9,540 186,415 Finance 66,600 99 66,699 108,271 43 108,314 Construction 181,712 96,520
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  • MARKETS
    • Article
      Lock icon LIFFE
      79 27 Feb 7 COCOA (£/tonne) Close Prev High/Low Mar 13 1457 1452 1472/1446 May 13 1461 1458 1474/1451 Jul 13 1470 1467 1484/1463 Sep 13 1479 1476 1491/1472 COFFEE(US$/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 2093
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    • Article
      Lock icon METALS
      68 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:
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    • Article
      Lock icon PALM OIL
      60 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 2568.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      90 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 2.375
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 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 1.5719
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      Lock icon FOREIGN CURRENCY NOTE RATES
      127 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„
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      Lock icon CHICAGO BOT
      103 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 51.80
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    • STOCK MARKETS
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        Lock icon Straits Times Index
        20 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: Bloomberg
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        Lock icon Hang Seng Index
        20 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: Bloomberg
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        21 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: Bloomberg
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        19 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: Bloomberg
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        Lock icon Dow Jones Industrial Average
        26 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: Bloomberg
        Source: Bloomberg  -  26 words
    • Article
      Lock icon OIL
      68 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$/barrel OpecOil Basket Price 113.1
      68 words
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      Lock icon LONDON METALS
      69 27 Feb 7 Aluminium, 99.7% purity (US$/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 *****.50
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 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 3.4
      373 words
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  • PERSPECTIVE
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      Lock icon Am I getting a year-end bonus?
      1041 28 / 29  -  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 are
      PHOTO: STOCK.XCHNG  -  1,041 words
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      Lock icon At a loss to restore full employment
      826 28 / 29  -  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 North
      Project Syndicate  -  826 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Don’t bet on long-term returns
        1106 30 / 31  -  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 new
        PHOTO: STOCK.XCHNG; Source: Credit Suisse Global Investment Returns Yearbook 2013  -  1,106 words
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        Lock icon BROKERS' TAKE
        804 30 / 31  -  Compiled by Joyce Hooi Jaya Holdings Buy DBS Group Research Feb 8 Close: $0.695 IMPAIRMENT charge a drag on an otherwise good quarter. Q2 FY June 2013 revenue jumped more than seven times, within expectations, mainly from higher vessel sales (Q2 2013: two units versus Q2 2012: nil).
        804 words
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        Lock icon A simple way to invest gets more complex
        1446 32 Investors in exchange-traded funds should know exactly what they’re getting NYT New York THIS week was the 20th anniversary of the creation of the first exchange-trad-ed fund: the Standard Poor’s Depositary Receipts ETF, which tracks the performance of the S&P 500 index
        NYT; PHOTO: BLOOMBERG  -  1,446 words
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        Lock icon Fidelity lags rivals in target date funds
        966 33 Conservative bets for its ‘safer’ funds leads to underperformance as others take on more risk NYT New York Fidelity investments is the giant of “target date” mutual funds, one of the hottest ideas in 401 (k) plans. For its customers, the payoff has
        NYT; FILE PHOTO: BLOOMBERG  -  966 words
    • WEALTH REAL ESTATE
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        Lock icon Househunt
        769 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JAN 9 AND JAN 15, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Sail Marina Bay Apt 11/01/2013 99 1184 2700 2280 District 3 NON-LANDED Alexis
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        Lock icon Sovereign funds to boost property buying
        1407 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 their
        Bloomberg; PHOTO: HEETON HOLDINGS  -  1,407 words
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      147 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 ON
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      57 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 L6-9
      57 words
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  • BT Living
    • DINING
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        Lock icon Double or nothing
        532 2 / 3  -  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. But
        532 words
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        Lock icon Kopitiam v2.0
        617 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 a
        PHOTOS: DEBBIE YONG/ ALIBABAR  -  617 words
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        Lock icon Half and half
        651 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’re
        PHOTOS: BITTERS AND LOVE  -  651 words
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        Lock icon Keeping the charm
        749 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 Ya
        PHOTOS: DEBBIE YONG  -  749 words
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        Lock icon Sit back, enjoy a cuppa in Boat Quay
        665 5  -  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 overseas
        PHOTOS BY: DEBBIE YONG  -  665 words
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        Lock icon Brewing the coffee culture
        665 5  -  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 Singaporeans
        665 words
    • WATCHES
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        Lock icon Novel movements
        3237 6 / 7  -  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 they
        3,237 words
    • HOME & GARDEN
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        Lock icon More than meets the eye
        1170 10 / 11  -  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 six
        PHOTOS: YEN MENG JIIN  -  1,170 words
    • GADGETS
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        Lock icon For both him and her
        611 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 spend
        611 words
    • SPORT
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        Lock icon Adding that French pizzazz
        858 13  -  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 same
        PHOTOS: AP, AFP, REUTERS  -  858 words
    • MOTORING
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        Lock icon The ‘new’ Kia diesel
        627 14  -  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 they
        627 words
      • Article, Illustration
        Lock icon A much-needed turbo boost
        518 15  -  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. The
        518 words
    • GOLF
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        Lock icon HSBC event charts new course
        1107 16  -  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 e
        PHOTOS: HSBC WOMEN'S CHAMPIONS  -  1,107 words
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      1057 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 Leg
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      37 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 IT
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