The Business Times, 15 February 2013

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Microfilm: NL32491
Total Pages: 35
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Friday, February 15, 2013
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  • Article
    Lock icon More foreign worker curbs likely: economists
    1071 1  -  Further measures to boost productivity also expected in Budget By TEH SHI NING [SINGAPORE] Even as businesses made their concerns over the future slowdown in workforce growth loud and clear last week, economists and others say more foreign worker curbs may be announced as
    1,071 words
  • Article, Illustration
    Lock icon BoJ chief throws weight behind yen rhetoric
    847 1  -  He denies targeting exchange rate as yen continues to fall By ANTHONY ROWLEY in Tokyo BANK of Japan governor Masaaki Shirakawa yesterday stepped into the ring to defend Japan against growing international clamour over the impact of the central bank’s stepped-up monetary easing
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,290.47 (-10.57) HST INDEX FUTURES 3,291.00 (-10.00) HSIMSCI 371.43 (-1.41) HSIMSCI FUTURES 372.30 (-0.70) US$ S$ US$ (S$ per US$) 1.236 (US$/S$ per 1.550 1.917 EURO (US$/S$/€) 1.339 1.656 Foreign currency per US$ S$ YEN 93.50 75.60 RM 3.092 2.501 HK$ 7.755 6.272 BAHT 29.83 24.12 RUPIAH
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    • Article
      Lock icon MARKETS
      47 1 Thursday Change KL COMP 1,630.89 -0.27 NIKKEI 225 11,307.28 +55.87 HANG SENG 23,413.25 +198.09 SET INDEX 1,526.74 +12.63 JAKARTA COMP 4,588.67 +17.10 MANILA COMP 6,513.41 -14.58 SEOUL COMP 1,979.61 +3.54 SHENZHEN B Closed MUMBAI IND 19,468.14 -139.94 11am EST Change DOW 13,983.44 +0.53 NASDAQ 3,194.55 -2.33
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    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.360 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
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      Lock icon Page 1 Advertisements Column 1
      135 1 EXECUTIVE LIFESTYLE Subscription services offer fresh alternatives page 36 NG BOON GAY Former CNB chief not guilty of corruption PAGE 3 CORPORATE RESULTS SingTel’s Q3 profit down 8.3% page 4 AVIATION American Airlines, US Airways unveil US$11b merger PAGE 17 CALIBRE BE CARTIER MULTIPLE TIME ZONE 9909 MC THE CARTIER
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      26 1 BT PROPERTY CLASSIFIEDS BT’s CATS property feature is now available to BTO subscribers. To subscribe to BT Property Classifieds, email cats8@sph.com.sg PAGES 22-26 8 *****1 *****4
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  • TOP STORIES
    • Article
      Lock icon StarHub, SingTel trade kicks over EPL rights
      567 2  -  Dispute over EPL’s ‘exclusive negotiation period’ with pay-TV operator mio TV By JOYCE HOOI [SINGAPORE] As broadcast rights for the English Premier League (EPL) remain in limbo for StarHub, the pay-TV operator has crossed swords with rival mio TV, alleging that there is
      567 words
    • Article, Illustration
      Lock icon Print-digital hybrid a success model for newspapers
      696 2  -  Adaptability key for SPH, says Editor-in-chief at annual awards By LIM JIA YING [SINGAPORE] Sceptics have been sounding the death knell for newspapers, foreseeing the gradual but inevitable extinction of a medium obsolete in the digital age. But Patrick Daniel, Edi-tor-in-chief of the
      PHOTOS: KUA CHEE SIONG/THE STRAITS TIMES  -  696 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      487 2 More foreign worker curbs likely: economists EVEN as businesses made their concerns over the future slowdown in workforce growth, economists say more foreign worker curbs may be announced when the government presents its Budget on Feb 25. FRONT PAGE BoJ chief throws weight behind yen rhetoric BANK of
      487 words
    • Article, Illustration
      Lock icon Defence tax for foreigners will hurt S’pore ultimately
      793 2  -  COMMENTARY KENNETH LIM Correspondent A PROPOSAL to impose a “national defence duty” on permanent residents (PRs) and foreigners could just wreck Singapore’s competitiveness. And it would be seen as populist, short-sighted, even xenophobic. Member of Parliament Hri Kumar Nair on Wednesday suggested
      793 words
    • Article, Illustration
      Lock icon Ng Boon Gay acquitted
      948 3  -  Prosecution fails to prove him guilty of corruption beyond reasonable doubt By GRACE LEONG FORMER Central Narcotics Bureau (CNB) chief Ng Boon Gay was found not guilty in the Subordinate Courts yesterday of obtaining sexual gratification in exchange for business favours. District Court Judge Siva Shanmugam
      PHOTO: NEO XIAOBIN/THE STRAITS TIMES  -  948 words
    • Article
      Lock icon Operational performance, commuters first: SMRT chief
      652 3  -  He unveils his plans to tackle issues faced by the firm in 5 key areas By CAI HAOXIANG [SINGAPORE] The former defence force chief now at the helm of beleaguered SMRT Corporation yesterday unveiled a blueprint aimed at restoring national trust and pride in
      652 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Lock icon Page 2 Miscellaneous Column 1
      36 2 SINGAPORE E POOLS I I '!V^r^ii^. $10 MILLION Hong Bao Draw Fri, 22 Feb 2013, 9.30pm Visit www.singaporepools.com.sg for details. IpLAY® Always play with care. [responsibly! Do not bet illegally. RGB Reg No: *****0202G SINGAPORE E
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  • Page 3 Advertisements
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      229 3 ttevv qm\ a W, OUrWy'to <k XWvua a dwIzY? 9 m 'y sIfl CONTINENTAL flying SPUR i CONTINENTAL FLYING SPUR Mileage 33,200km Silver Tempest with Porpoise/Beluga Interior and Burr Walnut Veneer CONTINENTAL GTC Mileage 22,900km Silverlake with Magnolia/Portofino Interior, Blue Roof and Birds Eye Maple Veneer V M i m
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SingTel’s Q3 profit down 8.3%
      616 4  -  Bottom line hit by Optus restructuring and higher depreciation charges By JOYCE HOOI A COSTLY restructuring exercise at Optus and higher depreciation charges took their toll on SingTel’s quarterly bottom line, the group reported yesterday. The telco’s net profit for the third quarter ended Dec
      PHOTO: BLOOMBERG  -  616 words
    • Article
      Lock icon SingNet fined for mio TV EPL outage
      323 4  -  By JOYCE HOOI SINGNET has been fined $180,000 the largest fine ever meted out by the Media Development Authority (MDA) for the mio TV service outage during the English Premier League (EPL) finals last May. The outage on the night of May 13
      323 words
    • Article
      Lock icon Keppel Land in JV to buy Shanghai mall
      377 4  -  Property is a mixed office-retail project in Jinqiao district By ONG CHOR HAO KEPPEL Land’s China unit has partnered its property fund management arm to acquire a retail mall in Shanghai, in line with its strategy to grow its commercial portfolio in
      377 words
    • Article
      Lock icon Financial adviser rejects STC’s offer for WBL
      597 7  -  It’s not financially fair, it says; STC notes report, keeps mum on future plans By CAI HAOXIANG THE independent financial adviser to the takeover of WBL Corporation, KPMG Corporate Finance, has rejected Straits Trading Company’s (STC) offer as being “not fair from a
      597 words
    • Article
      Lock icon Tat Hong posts 37% rise in Q3 profit
      373 7  -  By KENNETH LIM CRANE operator Tat Hong Holdings’ third-quarter net profit rose 37 per cent on gains from asset sales and stronger crane rental revenues. Tat Hong said yesterday that its net profit attributable to shareholders for the three months ended Dec
      373 words
    • Article, Illustration
      Lock icon Perennial China’s Q4 DPU meets forecast
      385 7  -  By LEE MEIXIAN PERENNIAL China Retail Trust (PCRT) posted an amount available for distribution to unitholders of $11.2 million for the fourth quarter ended Dec 31, 2012, in line with its prospectus forecast. The China mall owner said yesterday that it will distribute 1.96
      PHOTO: PERENNIAL CHINA RETAIL TRUST MANAGEMENT  -  385 words
    • Article
      Lock icon China Minzhong’s Q2 profit up 23.6%
      303 7  -  By CARINE LEE SGX-LISTED China Minzhong Food Corporation’s net profit for the fiscal second quarter ended Dec 31, 2012, rose 23.6 per cent year-on-year to 215.81 million yuan (S$42.45 million), or 0.39 yuan per share. The vegetable producer said yesterday that turnover rose 32.3
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    • Article
      Lock icon Funds remain bullish on equities, China
      418 8  -  BOA survey also shows managers most bearish on telecom sector By KENNETH LIM GLOBAL fund managers remain firmly optimistic in February, with asset allocations favouring equities over bonds and cash, according to a survey by Bank of America-Merrill Lynch (BOA-ML). But the sentiment is
      418 words
    • Article, Illustration
      Lock icon Rent at Ngee Ann City up 10%
      513 8  -  New rate is effective for the term starting June 8, 2011 By CARINE LEE THE rental dispute between Starhill Global Reit and its master tenant in Ngee Ann City has concluded with a new base rent that is 10 per cent higher than
      ST FILE PHOTO  -  513 words
    • Article
      Lock icon Cordlife’s Q2 net profit soars 192.7% to $5.6m
      334 8  -  By LEE MEIXIAN CORDLIFE Group Limited’s net profit for the second quarter ended Dec 31, 2012, soared 192.7 per cent to $5.6 million, as revenue climbed 23.9 per cent year-on-year to $8.8 million. This was driven by more client deliveries, as well
      334 words
    • Article
      Lock icon Holiday slowdown holds Asian bond risk at 2-week low
      271 8 Bloomberg ASIAN bond risk held at a two-week low. Companies held back from marketing dollar-denominated notes as Lunar New Year holidays continue across the region. The Markit iTraxx Asia index of 40 investmentgrade borrowers outside Japan was unchanged at 111 basis
      Bloomberg  -  271 words
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      Lock icon Page 4 Advertisements Column 1
      551 4 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 &L r/AN J r i'j. affiiBa Awarded Best in Cross Media Advertising (Silver) for Asian Digital Media
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      201 5 7 SEATER PREMIUM MPV DISCOUNTED PRICE $170,999 0 CNY BONUS $21, FINAL PRICE W> $149,999 rr I iaMKKT’lB PANORAMIC WINDSCREEN GPS NAVIGATION INFOTAINMENT SYSTEM/ REVERSE PARKING ASSIST CAMERA > m FLEX7 SEATING SYSTEM FLEXRAIL CONSOLE di mC V y t 9 A -fey *5- jr 1 as o ft GG.CZ569
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Unit volume soars to a record 10.6b
      592 6  -  Trading frenzy in penny stocks intensifies, while ST Index drifts within a narrow band STOCKS R SIVANITHY Senior Correspondent UNIT volume yesterday hit an all-time high of 10.6 billion units as the speculative fever in penny stocks many of which have little or
      Source: Bloomberg  -  592 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 6 Feb 14 VALUE CLOSE BT OB/OS 191.00 -24.00 BT CADI -*****.00 +25.00 BT 10-day MA -*****.00 +19.00 FTSE ST Mid Cap 816.44 +1.55 FTSE ST Small Cap 575.04 -0.21 FTSE ST All Share 811.20 -1.75 FTSE ST China Top 231.13 +0.13 FTSE ST China 264.91 -1.01 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      52 6 VOLUME IPCO Intl 1,266,287,000 Armarda 831,500,000 Magnus 759,116,000 YHM 387,981,000 Contel 365,771,000 Annica 353,624,000 ChinaACorp 327,624,000 Sunmoon 273,471,000 Xpress 272,056,000 MDR 271,151,000 VALUE($) SingTel 104,462,800 GLP 78,901,600 Golden Agri 68,733,440 Magnus 65,845,304 Thai Beverage 55,261,174 Genting SP 50,580,015 DBS Grp 48,506,520 CapitaLand 47,885,067 UOB 45,448,628 OCBC Bk
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 7 2 0 0 0 6 7 2 Manufacturing 66 58 44 13 7 6 79 65 50 Commerce 29 23 17 5 7 3 34 30 20 Tpt/Stor/Comms 10 22 13
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 337,414 337,414 70,932 70,932 Manufacturing 1,609,811 1,733,183 3,342,994 285,583 40,691 326,275 Commerce 825,954 232,684 1,058,638 111,338 28,107 139,445 Tpt/Stor/Comms 133,269 26,028 159,297 191,330 9,479 200,810 Finance 86,878 112 86,990 163,181 49 163,229 Construction 1,513,566 390,867
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    • Article
      Lock icon BROKERS’ TAKE
      1002 6  -  Compiled by LYNN KAN SingTel Feb 14 close: $3.50 OSK Research, Feb 14 SINGTEL reported a 2 per cent y-o-y decline in 9M FY2013 core profit to $2.61 billion on the back of a 2.4 per cent contraction in revenue to $13.7 billion. Core earnings for the quarter
      1,002 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      109 6 Stock name Close Change CapMallsAsia 2.130 -0.020 CapitaLand 3.900 +0.010 CapitaMall 2.150 CityDev 11.42 -0.050 ComfortDelGro 1.900 DBS Grp 15.01 -0.090 F&N 9.430 -0.020 GLP 2.690 Genting SP 1.600 -0.025 Golden Agri 0.650 +0.010 HK Land 7.990 -0.060 IHH Healthcare 1.320 -0.005 JMH 62.90 +0.400 JSH
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    • Article, Illustration
      Lock icon Euro drops to 3-week low; yen up broadly
      469 6 CURRENCIES Bloomberg [LONDON] The euro yesterday slid to a three-week low against the US dollar after a report showed that Europe’s recession deepened more than economists forecast last quarter, sapping demand for the region’s assets. The 17-nation currency dropped for a third
      Bloomberg; PHOTO: BLOOMBERG  -  469 words
    • Article
      Lock icon RISES
      106 6 BY CENTS CLOSE UP JMH 6290 49.4 0.6 JSH 3789 48.2 1.0 DBXT FTChina25 10US$ 3049 40.8 1.1 IS ASIA HYG100S$D 1410 25.0 1.8 Lyxor China H 10US$ 1541 24.7 1.3 IS ASIA HYG100US$ 1134 23.5 1.7 UOB 5.05%NCPS 100 ***** 20.0 0.2 Spore Land 774 16.0 2.1 Isetan
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    • Article
      Lock icon FALLS
      122 6 BY CENTS CLOSE DOWN DBXT AUD Bonds 5AU$ ***** -67.8 -0.3 GLD 10US$ ***** -24.7 -0.1 STXPO 100 549 -21.0 -3.7 DBXT FTVietnam 10US$ 2759 -18.5 -0.5 OCBC Bk 5.1%NCPS 100 ***** -17.0 -0.2 Jardine C&C 5197 -12.0 -0.2 SingTel 10 349 -12.0 -3.3 SingTel 350 -10.0 -2.8 DBS
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      117 7 H *I mV" W T3C I JTTLE DETAILS UUITH YOURS. With an entire floor to keep your children engaged as our latest collections occupy you, luxury is being able to divide your duties without sacrificing any attention. Armani Junior Beauty. Mums. Babies. Blossom Friends Chateau De Sable Early Learning Centre
      117 words
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      221 8 e il riolo Level 24 The Wine APPRENTICE Presented by Sommelier Stephanie Rigourd February 22 March 2,15 29 April 12 A series of master classes including an appreciation course by acclaimed Burgundy winemakers Ludovic Belin and Vincent Rapet. $68 per session Hilton Singapore 581 Orchard Road Singapore *****3 Reservations: 6730
      221 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon CAAS, Airbus in air traffic management deal
      268 9  -  They will develop advanced solutions for Asia-Pacific By NISHA RAMCHANDANI THE Civil Aviation Authority of Singapore (CAAS) and Airbus ProSky have signed a research collaboration agreement to jointly develop advanced air traffic flow management solutions tailored for Asia-Pacific. Airbus ProSky is the air
      268 words
    • Article, Illustration
      Lock icon NTU provost awarded Imperial fellowship
      397 9  -  By AMANDA TAN SERIAL inventor and Nanyang Technological University (NTU) provost Freddy Boey has been awarded the prestigious Imperial College fellowship, joining the ranks of top British scientists. The Faculty of Medicine Fellowship by the renowned London college was awarded to Professor Boey in recognition
      397 words
    • Article, Illustration
      Lock icon Love ballads for the lunch-time crowd
      410 9  -  By TEO SI JIA LOVE was in the air at Ocean Financial Centre yesterday as lunch-goers were serenaded with love ballads to mark Valentine’s Day. Lovetunes, an hour-long performance in the lobby of the office building, was delivered by young singers Amni Musfirah Abdul
      PHOTOS: YEN MENG JIIN  -  410 words
    • Article
      Lock icon Linde Gas bags Oiltanking deal
      228 9 LINDE Gas Singapore (LGS) has clinched a long-term nitrogen gas supply contract from Oiltanking Singapore, a storage operator for oils, chemicals and gases. LGS, a member of Germany-based The Linde Group, will be investing in new equipment such as additional compressors that will assist in
      228 words
    • Article
      Lock icon Budget: Focus on productivity, foreign labour
      485 9  -  Businesses may also get help on certain types of costs, say Citi economists By TEH SHI NING BUDGET 2013 will continue to support medium-term restructuring of the Singapore economy and enhance redistributive policies rolled out over the past few years, a research report released
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  • Page 9 Advertisements
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      195 9 CHICAGO BOOTH EXECUTIVE MBA NAVIGATION AND APPLICATION Designed for experienced managers, the Chicago Booth Executive MBA curriculum with its emphasis on general management, will give you an in-depth knowledge of business fundamentals, sharp analytical skills, creative solutions and vision that extends beyond your current job, region and industry. But how
      195 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon M’sian GE, state elections at the same time
      540 10  -  Commission clarifies after Selangor CM’s threat to dissolve assembly earlier By S JAYASANKARAN in Kuala Lumpur AT least one poser about Malaysia’s impending general election (its 13th) was resolved yesterday. The country’s Election Commission (EC) an ostensibly independent body that has supervised
      540 words
    • Article, Illustration
      Lock icon Petronas said to favour foreign firms
      554 10  -  Coalition group calls on PM Najib to intervene in matter By PAULINE NG in Kuala Lumpur MALAYSIA’S Petronas has been put on the defensive following allegations that it favours foreign firms over homegrown Malay ones in the awarding of contracts. A joint committee comprising
      PHOTO: BLOOMBERG  -  554 words
    • Article
      Lock icon Najib lobbied for Petronas’ takeover of Progress Energy
      748 10 Bloomberg [OTTAWA] Malaysian Prime Minister Najib Razak asked his Canadian counterpart Stephen Harper to reverse the initial rejection of Petroliam Nasional Bhd’s C$5.2 billion (S$6.4 billion) takeover of Progress Energy Resources Corp, correspondence between the two leaders showed. Mr Najib wrote to
      Bloomberg  -  748 words
    • Article, Illustration
      Lock icon Nissan banks on Indonesia to revive Datsun brand
      791 10 Reu ters [JAKARTA] Nissan Motor Co considers Indonesia key to its bid to resurrect Datsun a brand name retired in the early 1980s next year as a sub-US$10,000 no-frills car to drive growth in emerging market sales. Japan-based senior Nissan executive Vincent
      Reuters; PHOTO: REUTERS  -  791 words
  • Page 10 Advertisements
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      249 10 WATS NOTICES GSH CORPORATION LIMITED (formerly known as JEL Corporation (Holdings) Ltd. (Incorporated in the Republic of Singapore) (Company Registration Number: *****6139K) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of GSH CORPORATION LIMITED (the “Company”) will be held at GSH Centre, 11 Changi
      249 words
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      309 10 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF DIAGER SG PTE. LTD. (In Members’ Voluntary Winding Up) Co. Reg. No. *****5240G NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a FINAL MEETING of
      309 words
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      328 11 Amazing Gifts When You Subscribe To THE STRAITS TIMES THE STRAITS TIMES The big push for more babies BABY BOOSTERS i:r. 9 III lv\l IMES i ►v'iIH n «nr-1 .a PRINT iPAD SMARTPHONES ONLINE SUBSCRIBE NOW AND BRING HOME ONE OF THESE AMAZING GIFTS! Panasonic LUMIX DMC-XS1GF A Panasonic Micro
      328 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon India’s headline inflation probably eased in Jan
      750 12 It is expected to have moderated to lowest level in more than three years Reu ters [NEW DELHI] India’s headline inflation likely moderated to its lowest level in more than three years in January, helped by a slower rise in prices of manufactured
      Reuters; PHOTO: REUTERS  -  750 words
    • Article
      Lock icon Citic buys A$452m stake in Australia’s Alumina
      608 12 Alumina would use the funds raised to pay down debt Reuters [MELBOURNE] China’s state-owned Citic Group has bought a A$452 million (S$578.6 million) stake in Australia’s Alumina Ltd, giving it an interest in the world’s largest alumina business at a time when China
      Reuters  -  608 words
    • Article
      Lock icon HK retail sales likely to gain from rise in China tourists
      475 12 Bloomberg [HONG KONG] Mainland tourists to Hong Kong rose about 33 per cent at the start of this week’s Chinese New Year, providing a boost for the city’s retail sales and luxury companies such as Prada Spa. More than
      Bloomberg  -  475 words
    • Article, Illustration
      Lock icon French president in India to push trade
      409 12 AFP [NEW DELHI] President Francois Hollande of France arrived in India yesterday for a two-day visit during which he will push hard to clinch a US$12 billion sale of French fighter jets and other trade deals. The trip marks Mr Hollande’s first visit
      AFP  -  409 words
  • Page 12 Advertisements
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      29 12 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY YOUNG INDIANS FROM SINGAPORE GO GLOBAL WITH THEIR MUSIC AND DANCE GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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      26 12 fM~ 3 LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG FflCEBODK.COM/HOTFMSG I 3* HOTFMSG
      26 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Greek exit risk much reduced: central banker
      609 13 Reforms progressing, economic indicators improving AFP [ATHENS] The risk of a disorderly Greek eurozone exit has receded substantially, Greece’s central banker said yesterday as he urged for the aggressive pursuit of pending structural reforms. “The risk of a Grexit accident has been drastically
      AFP; PHOTO: REUTERS  -  609 words
    • Article
      Lock icon Small businesses in US still struggling at recessionary levels
      803 13 Recent tax increases, healthcare liabilities will impact their bottom line NYT [WASHINGTON] In the recovery so far, small businesses have largely been left behind. Initially, loans were hard to come by and consumers were not shopping. Now, small-business owners say, Washington
      NYT  -  803 words
    • Article
      Lock icon Reality bites for fund managers as eurozone economies shrink
      738 13  -  Q4 GDP slid 0.6%; surge in European stocks, euro comes to abrupt halt By NEIL BEHRMANN in London EBULLIENT fund managers swallowed a dose of reality when the European Union’s statistics office disclosed that the eurozone economy remained mired in a
      738 words
    • Article, Illustration
      Lock icon Venezuela devalues bolivar – 5th time in decade
      752 13 Venezuela devalues bolivar 5th time in decade AP [CARACAS] Venezuela devalued its currency on Wednesday amid questions about how the government can get a grip on 22 per cent inflation and satisfy growing demand for US dollars to pay for imported goods. Some economists predict that the devaluation won’t solve
      AP; PHOTO: REUTERS  -  752 words
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  • WORLD
    • Article
      Lock icon Everything on table in free trade deal: US
      652 14 Even politically sensitive issues will be covered in talks with EU: trade envoy AFP [WASHINGTON] Everything will be on the table when US and EU negotiators restart talks on an ambitious transatlantic free trade deal with a new wind in their sails,
      AFP  -  652 words
    • Article
      Lock icon Citi sees end to sweet crude imports to US Gulf
      372 14 Reuters [NEW YORK] Soaring oil production in the US may lead the Gulf Coast to drop sweet crude imports by the second half of this year, marking the start of a fundamental shift in global oil supply routes, said a
      Reuters  -  372 words
    • Article, Illustration
      Lock icon FACE OF LOVE
      102 14 [TOKYO] Hisoka Yuasa, four, holding a piece of chocolate made in the shape of her face ahead of Valentine’s Day on Saturday. A chocolate-making workshop by KS Design Lab offers classes for making personalised gifts by turning one’s face into a chocolate treat for their significant other.
      PHOTO: REUTERS  -  102 words
    • Article, Illustration
      Lock icon BNP to cut costs, shift focus to Asia after Q4 profit plunges
      374 14 Reuters [PARIS] BNP Paribas said it would kick off a three-year plan to save two billion euros (S$3.3 billion) in annual costs and ramp up growth in Asia after its fourth-quar-ter profits were hit by Europe’s weak economy.
      Reuters  -  374 words
    • Article
      Lock icon Vehicles are more reliable now
      604 14 AP [DETROIT] Vehicles are more dependable than ever, says JD Power and Associates. The consulting company’s latest study, which measures problems experienced in the last year by owners of three-year-old vehicles, found that reported problems fell 5 per cent to the lowest level since JD
      AP  -  604 words
    • Article
      Lock icon Time Warner in spin-off talks for magazines
      696 14 But it will keep hold on ‘Time’, ‘Fortune’, ‘Sports Illustrated’ NYT [NEW YORK] Time Warner is in talks to shed much of Time Inc, the country’s largest magazine publisher and the foundation on which the US$49 billion media conglomerate was built, according to
      NYT  -  696 words
    • Article, Illustration
      Lock icon More children on brink of poverty in Europe
      433 15 Reuters [BRUSSELS] Almost a third of children in Greece, Ireland, Portugal, Italy and Spain have been pushed to the brink of poverty by austerity designed to bring down public debt, the global charity Caritas said yesterday. Italy and eurozone countries that have
      Reuters; PHOTO: REUTERS  -  433 words
    • Article
      Lock icon Sex diseases cost US$16b a year to treat in US
      394 15 Bloomberg [SAN FRANCISCO] Sexually transmitted diseases cost US$16 billion each year to treat in the US, with 19.7 million infections diagnosed annually, the nation’s health agency found. People ages 15 to 24 account for half of the annual cases, according
      Bloomberg  -  394 words
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      Lock icon IMF staff paper pushes for eurozone deposit guarantee
      581 15 Backsliding on plan for banking union could throw economy into tailspin, it warns Reuters [FRANKFURT] Eurozone countries must implement a planned banking union in full as backsliding could throw the economy into a tailspin, an International Monetary Fund (IMF) staff paper said
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      Lock icon Nestle makes 10.6b Swiss francs in 2012
      474 15 AP [VEVEY, Switzerland] Nestle SA, the world’s biggest food and drinks maker, predicted another challenging year ahead, but overcame tough global economic conditions to post a full-year net profit yesterday of 10.6 billion Swiss francs (S$14.23 billion) for last year. The maker of
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      Lock icon VALENTINE’S DAY FOR LOVE BIRDS
      51 15 [SAN FRANCISCO] An African Penguin holding a Valentine’s Day card at the California Academy of Sciences on Wednesday. In honour of Valentine’s Day, the colony of African Penguins at the California Academy of Sciences received heart-shaped red valentines with hand-written messages from Academy visitors. PHOTO:
      PHOTO: AFP  -  51 words
    • Article
      Lock icon Cisco beats profit projections, sees slow rise in tech spending
      659 15 Govt deficits in Europe, US biggest worry: CEO AP [SAN FRANCISCO] Cisco’s latest quarterly report provided further evidence that spending on technology gear is rising modestly in most parts of the world, despite persisting concerns about a still-shaky economy. The
      AP  -  659 words
    • Article
      Lock icon Switzerland signs tax deal with US
      507 16 All Swiss banks will have to report US clients’ holdings to US tax authorities AFP [GENEVA] The Swiss government said yesterday it had signed a controversial deal with the United States requiring all Swiss banks to report the holdings of their US clients to
      AFP  -  507 words
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      Lock icon TASTE, PASTE AND POST
      100 16 [MECHELEN, Belgium] The Belgian postal department has started producing these chocolate stamps. One can taste the chocolate flavour when licking the gum on the back of these stamps. The stamps also have a chocolate smell, which is blended into the varnish in the form of essential
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      Lock icon Horse drug may be in human food chain
      696 16 AP Bloomberg [LONDON] Three horse carcasses that tested positive for the equine drug bute may have entered the human food chain in France, the British government said yesterday. Environment Minister David Heath told the House of Commons that eight horses from British
      AP; Bloomberg; PHOTO: AP  -  696 words
    • Article
      Lock icon Berkshire and 3G Capital to buy Heinz for US$23b
      329 16 Heinz has strong, sustainable growth potential: Buffett Bloomberg [NEW YORK] Warren Buffett’s Berkshire Hathaway and Jorge Paulo Lemann’s 3G Capital agreed to buy HJ Heinz Co in a deal for about US$23 billion as the billionaires increased their bets on consumer
      Bloomberg  -  329 words
    • Article
      Lock icon High-tech Japan firmly wedded to fax machines
      685 16 NYT [TOKYO] Japan is renowned for its robots and bullet trains, and has some of the world’s fastest broadband networks. But it also remains firmly wedded to a pre-Internet technology the fax machine that in most other developed nations has joined answering machines,
      NYT  -  685 words
    • Article
      Lock icon Dubai to build world’s tallest wheel
      400 16 Bloomberg [DUBAI] Dubai, the Persian Gulf sheikhdom with the tallest building and biggest shopping mall, plans to build a Ferris wheel that would beat New York’s attempt to set the world height record with a Staten Island attraction. The Dubai Eye will cost one
      Bloomberg  -  400 words
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  • AVIATION/SHIPPING
    • Article
      Lock icon American, US Airways unveil merger deal
      674 17 They will form world’s No 1 air carrier with US$11b combined equity value Reuters NYT [DALLAS] American Airlines and US Airways Group said that they plan to merge in a deal that will form the world’s biggest air carrier with a combined equity value
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      Lock icon Rolls-Royce posts 24% jump in earnings
      593 17 Grounding of Boeing Dreamliner won’t dent profit, it says Reu ters L O ND O N B r it a i n s Rolls-Royce reported a 24 per cent rise in full-year profit, led by strong growth at its civil aerospace unit, and said
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    • Article
      Lock icon Disabled ship had earlier problems
      325 17 AFP [MIAMI] A cruise ship that lost power in the Gulf of Mexico, trapping more than 4,000 people aboard, had already suffered electrical problems as recently as a few weeks ago, its operator Carnival said on Wednesday. With the ship and its passengers still at
      AFP  -  325 words
    • Article
      Lock icon TRANSPORT STOCKS
      240 17 SGX '000 Feb 14 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.30 0.01 269 Cosco Corp 0.94 unch 3376 Vol First Ship Lea 0.13 unch 527 Freight Links 0.08 unch 5739 Grand Banks 0.38 -0.01 5 Jaya Hold Ltd Chuan Hup Hldg K1Ventures...............0.16 unch ***** Keppel Corp
      240 words
    • Article
      Lock icon VLCC rates stay low in China’s holiday week
      324 17 Bloomb erg [LONDON] Hire costs for the largest oil tankers remained near the 2013 low as this week’s holiday in China, the world’s sec-ond-biggest crude consumer, curbed hiring of vessels. Booking rates for very large crude carriers (VLCCs) on the benchmark Saudi
      Bloomberg  -  324 words
    • Article, Illustration
      Lock icon Boeing finds space to park 787s
      422 17 Bloomberg [SEATTLE] Boeing Co said that it has enough space for now to park the five 787 Dreamliners a month that it is building as the model’s grounding nears the start of its second month. “We have the space we need now,” Marc Birtel,
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    • Article
      Lock icon Iceland’s Eimskip to call at Maine
      188 17 AP [PORTLAND, Maine] An Icelandic shipping company has agreed to establish container freight operations in Portland in a move that will link Maine’s largest city to eastern Canada and Europe, and restore the port’s on-again, off-again cargo shipping service. Eimskip, or the Icelandic Steamship
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    • Article
      Lock icon Gatwick wants prices based on customer contracts
      207 17 Reuters [LONDON] London’s Gatwick airport yesterday published its business plan for the next 10 years, saying it favoured setting prices charged to airlines based on bilateral contracts rather than pure regulation. Gatwick, which is investing £1 billion (S$1.9 billion) over the next five
      Reuters  -  207 words
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      296 18 / 19 COME SAVOUR THE FINEST AND CHINESE CUISINE AT THE VERY PEAK R Set on the penthouse floor of OUE Bayfront, ME@o|jE to a bf the ivtari the accompaniment of breathtaking views of the aridity sky tone. w Lose yourself in the splendour of three of the cherished ahd fond yourse
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  • EDITORIAL & OPINION
    • Article
      Lock icon Investors chasing yields also face risks
      508 20 EDITORIAL OVER the last couple of years, persistently low interest rates have driven savers towards a slew of investment alternatives holding out the potential of a regular income that beats deposit rates. These alternatives include real estate, bonds, and equity income funds. In real
      508 words
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      Lock icon Making peace instead of declaring currency wars
      753 20  -  THE BOTTOM LINE LINDA LIM The writer is a professor of strategy at the Stephen M Ross School of Business, University of Michigan THE term “currency wars” has, in recent times, returned to popularity in international economic discussions. It refers to government policy
      753 words
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      Lock icon Putting businesses on the path to innovation
      1068 20  -  The government rightly recognises innovation as a critical growth factor for the economy By HARVEY KOENIG LYNTON PETERS Harvey Koenig is a tax partner and Lynton Peters is a manager at KPMG in Singapore. The views and opinions expressed are those of the
      FILE PHOTO  -  1,068 words
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      Lock icon Making it tougher for tax evaders
      1535 21  -  Singapore’s close adherence to international standards has already been a pull factor in attracting businesses By MINT KANG AX evaders, beware! From mid-2013, Singapore will be treating serious tax crimes as money laundering offences as part of the global campaign for tax transparency. Tax
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    • Article
      Lock icon Weighing it up
      170 21 AS each successive tax transparency initiative comes into force whether it is about the updating of tax treaties, or the current move towards criminalising the laundering of tax evasion proceeds governments may wish to review the implementation and results with an eye to gauging whether the rules
      170 words
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      Lock icon Asian equities looking good in 2013
      535 21  -  Economic indicators are encouraging and most leading indices are in expansionary territory By CHRIS ADAMS Chris Adams is senior product specialist for equities at HSBC Global Asset Management LAST year felt like a tough year for equity investing, with markets buffeted by headlines around
      PHOTO: BLOOMBERG  -  535 words
    • Article
      Lock icon Be more judicious in approving rights issues
      257 21 LETTER TO THE EDITOR I REFER to the article “Challenges posed by the penny stock boom” (BT, Feb 13). Certainly there is a need for the regulator to be more judicious in approving rights issues. A case in point is China Paper, which
      257 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Breathing new life into old furniture
      1147 22  -  When age wears it down, artisans look for ways to revive worn furniture and practise this evolving art. By AUDRINA GAN CENTURIES of wear and tear can take their toll on fine designs on your antique furniture and you want to restore it to
      PHOTOS: YEN MENG JIIN  -  1,147 words
  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      532 22 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements WAT-S'^ D04 HOUSE FOR SALE COVE DRIVE Cove Dr. Sentosa. *****/ 8035 sqft. Colonial style design. Can park up to 10 cars. 4 bdrms ensuite. Facing golf course. $33M negotiable D04 HOUSE FOR SALE TROPICA BUNGALOW New tropical bunglw 7800/9500 sqft. 5+1
      532 words
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      119 22 D13 HOUSE FOR SALE KOVAN REGENCY Foreigner eligible! Kovan Regency Strata Terrace. Fr $895 psf. 5 mins walk to MRT. 4+1, home lift. 3703 sqft. 2 carpark lots. Hwee Pheng 9228 9277 D13 HOUSE FOR SALE SENNETT 1.Terr Macpherson $1.xM. 2.Terr Sennett $2.XM 3. Semi-D Sennett $4M up. 4. Semi-D,
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      265 23 D17 HOUSE FOR SALE JALAN LOYANG BESAR $2.88M Cluster Bungalow Jalan Loyang Besar. 4693 sqft. 3-storey 5 bdrms attached. Freehold. Sale/ Rent. 9069 5756 Angela Chan DTZ D17 HOUSE FOR SALE TOH ESTATE Lucky House 8! for new year F’hold. 2-storey. Rebuilt in 2005! Land 3938sqft 3396sqft built in. Brenda
      265 words
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      Lock icon Page 23 Advertisements Column 2
      241 23 D22 HOUSE FOR SALE WESTWOOD DRIVE 3-storey terrace 1884/ 2800 sqft. 5-bedrooms 4 bathrooms. Price negotiable. Serious seller. *****811 Eliza, CBRE D23 HOUSE FOR SALE ALMOND STREET 2 storey Detached 6320/45XX sf 5 family 1 1 Best cond. $7XX psf! Michael www.*****785.com D23 HOUSE FOR SALE CASHEW CRESCENT Cashew Crescent.
      241 words
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      Lock icon Page 23 Advertisements Column 3
      277 23 D04 APARTMENT FOR SALE THE INTERLACE 10+10% Discount. Iconic building. Spacious unique layout with roof terrace. Near town. For appt, call: 9060 0083/ 9387 9978 D04 APARTMENT FOR SALE THE INTERLACE 3 years ago Prices! The Interlace. TOP end 2013, 3/3+1/4 rm/Penthse/Garden hse fr as low as $800 psf. Come
      277 words
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      Lock icon Page 23 Advertisements Column 4
      276 23 D08 APARTMENT FOR SALE FARRER PARK Only $13xx psf up! F’hold. 1000 sf up. Mins to Farrer Park MRT, Orchard, city fringe. Ganesh 9105 3514 D09 APARTMENT FOR SALE CAIRNHILL MANSION Rare! Freehold w/out facilities. Spacious 3+1 rm. 2024 sf. Renovated. $3.5xM. Mins to MRT/ amenities. Hurry! Call Lily Lim
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      273 23 D10 APARTMENT FOR SALE D’LEEDON District 10. 10% 15% Disc! Best Buy! 3 bdrms 1615 sqft, $2.3xM+. 4 bdrms 1981 sqft, $2.5xM+ Garden Hse fr $805psf. Penthouses Villas avail! D10 APARTMENT FOR SALE D’LEEDON D’Leedon. Best-selling project in District 10 with suburban price. Discount upto 15%! Call Developer Sales Team,
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  • Page 24 Advertisements
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      133 24 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D10 APARTMENT FOR SALE LEEDON HEIGHTS Highly Desirable Add. Prestigious F’hold Devt Leedon Hgts. 4 rm 2659sf Generous Space Huge Landscape. By Appt: Zoie Fong 9722 1552 (CBRE) D10 APARTMENT FOR SALE NASSIM HILL Nassim Hill Townhse. FH. 4500 sf. Immaculate cond.
      133 words
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      Lock icon Page 24 Advertisements Column 2
      120 24 D11 21 APARTMENT FOR SALE LINCOLN RESIDENCES Best Priced Development in Newton! FH. 4 bedrms, 1884 sf. MRT/mall/1km ACS. Lawrence 9662 2560 D11 21 APARTMENT FOR SALE SETIA RESIDENCES 4+maid’s rm, 3348 sqft. Exclusive unit on one flr. Fusion of East and West.. Near to Novena MRT Private. $7.1m. Panoramic
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      Lock icon Page 24 Advertisements Column 3
      126 24 D12 APARTMENT FOR SALE EI8HT RAJA Attractive Discount! Freehold 3 bdrms apartment of 2023 sqft. Unblocked city view. Dual-key option available. Joel Tay 9711 9191 Jones Lang Lasalle D13 APARTMENT FOR SALE SENNETT RESIDENCES Sennett Residence, Grab Fast! Beside Potong Pasir MRT! 1/ 2/ 3/ 3+1/ 4-bedroom/ Penthouses. City fringe.
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      Lock icon Page 24 Advertisements Column 4
      136 24 D15 APARTMENT FOR SALE FLAMINGO VALLEY Freehold 1 bdrm $816k, Penthouse $1.85m. Prestigious condo in Siglap by famous architect!!Masaki Miyake. Last 20 units, est TOP end 2013’ D15 APARTMENT FOR SALE PEBBLE BAY Pebble Bay. 3+1+1. 2337 sqft. $3.5m. Bay view! Rare unit! High floor! Pack your bags move in!
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      Lock icon Page 24 Advertisements Column 5
      124 24 D16 APARTMENT FOR SALE URBAN VISTA Urban Vista MRT! 1/2/3/4/5 bdrm /dual key SOHO garden home units penthouse. From $6xxK only! Register for VVIP! D16 APARTMENT FOR SALE URBAN VISTA Urban Vista Tanah Merah. New Launch! Next to MRT, Future mall Fr $6XX only! Great for Investment. Call now to
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  • Page 25 Advertisements
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      250 25 D23 APARTMENT FOR SALE THE JADE The Jade, breathtaking unblock view. 3+1 rms. 1335 sf. West Mall/ MRT. Vacant. $1150psf. Also for rent@ $4.5K. Call Jeff Goy 9009 1298 D27 APARTMENT FOR SALE ESTUARY Estuary Yishun, 99 years lease, 1302 sqft. 3bedroom. TOP soon. Full facilities. Reservoir view. NearMRT/amenities. D10
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      Lock icon Page 25 Advertisements Column 2
      234 25 D16 HOUSE FOR RENT CORNER TERRACE 3-storey corner terrace Guan Soon (near airport/ Simei MRT) 4+1 (ensuite). Park 3 car. New reno. Cul-de-sac.Big gdn.$6.8K. Lily Lim *****228 D19 HOUSE FOR RENT SERANGOON GARDENS Corner Terrace, 3 bedroom, Park 3 cars, aircons, fans, Spacious, renovated Serangoon Gardens Call 9838 4627 Jacq
      234 words
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      Lock icon Page 25 Advertisements Column 3
      237 25 D11 21 APARTMENT FOR RENT TRILIGHT 2 bedrms. 1227 sqft. Fantastic view. Near Novena MRT/ Mall. Lawrence Chua 9336 9247 D11 21 APARTMENT FOR RENT TRILIGHT Mins to Newton MRT. Trilight, 4-bdrm 2300 sf. $11K 2-bdrm, 1200 sf. $7K. Susan 9620 3322 D11 APARTMENT FOR RENT IRIDIUM 2bedroom, fully furnished.
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      Lock icon Page 25 Advertisements Column 4
      251 25 D16 APARTMENT FOR RENT CHANGI COURT 4-rm. Brand new renovation/ furn/ appliances F/facilities, Suit family. Immed Cheong 9832 1686 D16 APARTMENT FOR RENT EASTWOOD REGENCY Eastwood Regency. 2 rooms Penthouse. 1098 sqft. Partial furnished. Quiet. Near MRT. $3500. Call 9821 2887 Jimmy Teow D17 APARTMENT FOR RENT JALAN LOYANG BESAR
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      Lock icon Page 25 Advertisements Column 5
      253 25 D05 WAREHOUSE FOR SALE PANTECH BIZ HUB Pantech Biz Hub. 3391/ 3638 sqft. 99 yrs. High ceiling. Loading bay Cargo lift. Sell with tenancy. Also for rent. D07 OFFICE FOR SALE ALIWAL STREET Approx 1625 sqft. Freehold. Separate entrance. Good tenancy. Low maintenance. 2 toilets. Aircon. PMC 6285 2688 D08
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      235 26 D22 FACTORY FOR SALE TUAS 58,000 sqft. B2 Factory in Tuas. Balance lease 11 years. Can top up lease subject to JTC Approval. Constance Choo 9722 8812 D01 OFFICE FOR RENT MARINA BAY FINANCIAL CENTRE Marina Bay Financial Centre, 2000 sqft $11 psf. Golden Mile Tower 990 sqft $3.80 psf.
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      Lock icon Page 26 Advertisements Column 2
      207 26 D05 WAREHOUSE FOR RENT CITILINK WAREHOUSE COMPLEX B1 fitted office/ warehouse. 2 floors racks. Windows. 2842 sqft. Modern. MRT. Please call Owner at *****900 D07 OFFICE FOR RENT THE PLAZA 830 sqft 398 sqft. Good views! Mins walk to amenities/ MRT/ Bank. Ask $5k/ $2.5k neg D08 SHOP FOR RENT
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      Lock icon Page 26 Advertisements Column 3
      297 26 D12 FACTORY FOR RENT KIM KEAT ROAD Kim Keat Road (near Whampoa Market) 3100 sqft. Fitted, aircon, own toilet. Suitable for Light Industry. Immediate. Call 6258 3522 D12 WAREHOUSE FOR RENT CT HUB B1 industrial. Brand new 979.52 sqft. Bare unit. TOP soon. Self contained toilet. Near MRT $5K neg
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      Lock icon Page 26 Advertisements Column 4
      210 26 D20 APARTMENT FOR RENT NORTHSTAR Northstar Ang Mo Kio. High flr. 538/ 643/ 1150 sqft. Partial furnished. Unblocked. $1.6K/ $1.9K $3.1K 9821 2887 Jimmy Teow D22 FACTORY FOR RENT PENJURU 5-storey B2 Eco Waterfront Industrial Complex, 40ft ramp up/ parking bay, *****-*****sf. 10.1m ht to 4.2m. Affordable prices! Call 9889
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      Lock icon Page 26 Advertisements Column 5
      195 26 FOREIGN PROPERTY FOR SALE BLUE INFINITI IN MALAYSIA Freehold Iskandar. 1st luxury condo with car lift. SGD $280 psf up. Stephen Quak 9661 8181 KF FOREIGN PROPERTY FOR SALE VILLA NONGSA 5-Star Montigo, 7600 sf. Alternative to Sentosa Cove! Grand Villa, pte pool/ beach. 30 min S’pore. Club Med-style facilities.
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  • Article
    Lock icon SHIPPING TIMES
    2880 27 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
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      44 27 Experienced sh s p maintenance Can they find yo lH6d services here in 1 Shipping Times? TO ADVERTISE. CALI IOE WONG AT 9620 1 327 THE BUSINESS TIMES Shipping Times Shippers looking for Warehouse Can they find your services here in the Shipping Times?
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      17 27 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE The Business Times Shipping Times
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      125 28 Importers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES Shipping Times FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 1327 Can they find your services here in the Shipping
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      14 28 TO ADVERTISE IN .THE BUSINESS TIMES mt uujiiiuj mvitj SHIPPING TIMES CALL JOE WONG
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  • SINGAPORE STOCKS
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      Lock icon SGX MAINBOARD
      3262 29 Transaction date: Feb 14 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld 159.5 103 AIMSAMPIReit --AAT High Low Company Sale ('000) High Low Buyer
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      Lock icon SGX CATALIST
      220 30 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 1.9 +0.1 ***** 2 1.8 1.8 1.9 28.3 Last Quote Div Gr Yld Net M Cap High
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    • Article
      Lock icon UNIT TRUST & FUNDS
      10584 30 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 ,0,804/ Asian Local Ccy SD Bond 1.0009/ Asian Smaller Cos!" 1.9547/ EM Local Ccy Bond 1.0147/ European
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    • Article
      Lock icon GLOBALQUOTE
      274 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 25.5 AVJennings A39 unch 53 39 39 39 39.5 3.6 9 3.1 101.6 45 30 Genting HK US$ US43 -0.5 7910 43.5 42.5 42.5 43 2831.3
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    • Article
      Lock icon SGX ETF
      897 30 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 135.8 134.8 135.8 111.7 95.8 CIMB APAC Div 100US$ US108.8 108.9 109.8 11.4 1399 1246 CIMBASEAN40 100S$D 1399 1394
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      613 31 Feb 14 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.40 *****.54 *****.49 Mar13 *****.00 *****.00 *****.00 *****.00 *****6 *****5 Jun13 *****.00 *****.00 *****.00 *****.00 1075 8528 MSCI TAIWAN INDEX FUTURES SPOT 284.67 284.67 284.67 Feb13 0 *****5 Mar13 0 1526 S&P CNX NIFTY
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 31 In local curr In S$ In US$ dy yr dy yr dy yr Feb 13 Index Change Change Change Change Change Change World Preliminary 998.9 0.1 6.5 -0.2 7.0 -0.1 5.6 EAFE Preliminary 826.8 0.2 6.7 -0.2 6.1 -0.1 4.7 Europe Preliminary 1208.8 0.5 5.4
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 31 Feb 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.036 6.450 0.773 8.026 55.810 100.002 0.967 11.220 3.200 1.220 101.482 42.058 1.280 9.192 0.953 30.688 30.867 0.668 1.035 Canada 0.965 6.227
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    • Article
      Lock icon SIBOR
      64 31 Feb 14 (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$) 3 mths 0.***** 3 mths 6 mths 6 mths 9 mths 9 mths 0.***** 12 mths (S$)
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    • Article
      Lock icon PRECIOUS METALS
      133 31 Feb 14 GOLD(US$/oz) Feb 14 Feb 07 Hong Kong 1656.00 1684.00 Feb 13 Feb 12 London 1643.96 1648.61 1644.87 1649.38 Source: Thomson Reuters CAST BAR Feb 14 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 147 65 5gm 417 327 10gm 745 654
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    • Article
      Lock icon GOVERNMENT SECURITIES
      90 31 Feb 14 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 16-May-13 0.26 6-Month BS*****Z 12-Aug-13 0.27 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 99.96 99.97 99.97 5-Year N*****0Z 2.375
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    • Article
      Lock icon PALM OIL
      57 31 Feb 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 13 2455.0 2445.0 2456.0 2455.0 35 1340 Mar 13 2496.0 2484.0 2512.0 2471.0 1414 ***** Apr 13 2522.0 2505.0 2532.0 2490.0 9594 ***** May 13 2538.0 2522.0
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      Lock icon INTERBANK CURRENCY RATES
      154 31 Feb 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2791 1.2801 1.0348 1.0351 Canadian dollar 1.2346 1.2358 0.9993 0.9988 Euro 1.6551 1.6563 1.3390 1.3393 NZ dollar 1.0482 1.0492 0.8480 0.8484 Sterling pound 1.9162 1.9175 1.5502 1.5505
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    • Article
      Lock icon CHICAGO BOT
      108 31 Feb 13 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 13 1423.00 1420.75 1428.75 1404.50 May 13 1413.50 1409.50 1417.75 1393.50 Jul 13 1404.75 1401.00 1407.75 1384.50 Aug 13 1369.50 1366.75 1370.50 1352.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 13
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    • Article
      Lock icon LIFFE
      80 31 Feb 13 COCOA (£/tonne) Close Prev High/Low Mar 13 1423 1412 1427/1413 May 13 1432 1421 1436/1420 Jul 13 1443 1432 1445/1431 Sep 13 1451 1440 1454/1440 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2066 2070 2087/2058 May 13 2092 2092 2109/2082 Jul 13 2101 2100 2118/2094 Sep 13 2109
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      893 31 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 724 4.55 15 Conv Asiatravel.com HoldingsW*****7 5 unch 51 1 25 17 Asiatravel.com HoldingsW*****5 5 unch 51 1 27 41 BakerTech W*****5 Prem Best World
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 31 CRUDE OIL PRODUCTS Feb 13 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 117.89 0.64 WTI (Near Mth) 97.06 -0.38 Dubai (1-Mth F) 113.55 0.57 Tapis blend 124.33 0.38 Minas 120.83 0.38 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 115.22 0.80 Jet Kerosene 137.04 0.50 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 31 Feb 14 S$ Bid Offer 1-month 1.2362 1.2368 2-months 1.2362 1.2368 3-months 1.2362 1.2368 6-months 1.2361 1.2367 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      67 31 Feb 13 Feb 13 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2100.00 2078.25 3 months 2142.00 2120.00 Copper, Grade A(US$/tonne) Cash 8190.25 8199.25 3 months 8226.00 8236.00 Lead(US$/tonne) Cash 2387.75 2400.75 3 months 2402.00 2414.00 Nickel (US$/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 31 As at 9am Feb 14 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.310 1.248 Can dollar 1.262 1.202 Euro 1.701 1.620 Sterling pound 1.956 1.881 NZ dollar 1.079 1.018 US dollar 1.260 1.200 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      157 31 Feb 14 $S Offer Bid 0vernight 0.08 0.05 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.10 US$ 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 0.60 0.40 9 months 0.80 0.60 12
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  • PURSUITS
    • Article, Illustration
      Lock icon A voice that speaks volumes
      621 32  -  Rachael Yamagata will sing with her biggest tour band yet, writesCHRISTOPHER CHRISTOPHER LIM THERE’S probably no other singer who can consistently perform here with vocal maladies and still wow the audience. Rachael Yamagata has come four times and not once has her voice been in
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    • Article, Illustration
      Lock icon Indie band Tennis keeps the music going
      507 32  -  By DYLAN TAN DENVER indie band Tennis likes to do things fast. The dream pop ditties they write average around the three-minute mark; their 2011 debut album Cape Dory clocks in at a breezy 28 minutes, and their sophomore effort, last year’s Young
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  • Page 32 Advertisements
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      Lock icon Page 32 Advertisements Column 1
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      Lock icon Page 32 Advertisements Column 2
      112 32 X) < 22 xp rw •n --■’i "Sfcn L V Hi R:. m small group tours Ergo: Travel Booth 5H27 /w.ergo-travel.com Customised travel specially designee WWW, Photo Credit: Varian Monteiro TAB SHOWTIME PRODUCTIONS PRESENT •Jrt? fe-. THE ASIAN POWER QUARTET Fresh from the London Jazz Festival, The Asian Jazz All-Stars
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  • WINE
    • Article, Illustration
      Lock icon Nostalgia at Chinese New Year
      1183 33  -  NK YONGreports on what he drank on the eve and his return to the roots of his wine journey Bordeaux on the first day of the festival YONGreports NK YONG WHAT did we drink with the New Year's Eve dinner? How did we wash down
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  • Page 33 Advertisements
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      Lock icon Page 33 Advertisements Column 1
      116 33 I'H U is 0 0 12 th MARCH 2013* 8PM THE STAR THEATRE ROCHESTER (NEAREST MRT STATION; BUONA VISTA. GO TO WWW.THESTAR.SG FOR MORE INFORMATION.) S$88, SS108, SS128, S$168 (+S$3 SISTIC FEE) •^HD Class 95fm 90-5 fin. A smdiaCorp Station WWW.DEEPPURPLE.COM 4 th MARCH 2013 8PM SINGAPORE INDOOR STADIUM SS102,
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      Lock icon Page 33 Advertisements Column 2
      47 33 Ssstylish NewYear Specialsss 100% ITALIAN up to f VANCOUVER Sofa 320 cm full grained leather $18,776 now $8,329 Ff&rj CAMBI outdoor dining set 1 round table 4 chairs now $1,580 designer chairs from $128 MARQUIS MARQUIS®QSQUARE 16 TAI SENG STREET TEL *****119 11AM TO 8PM DAILY www.marquis.com.sg
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  • ARTS
    • Article, Illustration
      Lock icon The artist’s mystique investigated
      806 34  -  Nine documentaries offer a rare glimpse into the minds of renowned artists, reports HELMI YUSOF MARINA Abramovic is as eccentric, fascinating and puzzling as artists come. And the documentary Marina Abramovic: The Artist Is Present tries very hard, but doesn't quite manage, to unlock the puzzle
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    • Article, Illustration
      Lock icon Bewitched? No. Bewildered? Yes
      445 34  -  By HELMI YUSOF ARTHUR Miller’s classic play The Crucible has gotten a head-scratch-ing revival by local theatre company Toy Factory Productions. Director Rayann Condy, in an attempt to give the story of Salem’s 1962 witchcraft trials a more contemporary spin, has tried to create a world
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    • Article, Illustration
      Lock icon It’s about the body and its beauty
      502 34  -  By CHEAH UI-HOON IF you have not heard of the word “decoufleries” in dance before, April might be a good time to find out about it. It refers to a mixed production of dance, circus and film which choreographer Philippe Decoufle came up
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    • Article, Illustration
      Lock icon SDT’s Coppelia returns in grander style
      659 34  -  By CHEAH UI-HOON THE last time the Singapore Dance Theatre performed Coppelia in 2007, they did a “reduced” version with half the required number of dancers. This time around, as it celebrates its 25th anniversary with a re-staging of one of the earliest full-length
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  • CINEMA
    • Article, Illustration
      Lock icon There’s something magical about Beautiful Creatures
      513 35  -  By DYLAN TAN IS Beautiful Creatures the new Twilight? Yes and no. The similarities are easy to spot both are campy big-screen adaptations of best-selling young adult novels; they fall into the same sub-genre of supernatural romance teen movies; they target the tween-at-heart demographic;
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    • Around Town
      • Article
        Lock icon Stage
        186 35 Awakening: Cantopop singer Denise Ho and the dancers from the Edward Lam Dance Theatre in Hong Kong will perform their modern adaptation of the Chinese literary classic Dream of the Red Chamber. This is part of the line-up for Huayi Chinese Festival of Arts 2013. Esplanade theatre tonight and
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      • Article, Illustration
        Lock icon Music
        202 35 Miss A Independent Showcase Singapore 2013: K-Pop fans rejoice: South Korean girl group Miss A will be back in Singapore for their first show of the year. The girls will perform songs from their latest mini-album Independent Women Part III, as well as their popular hits. The Star Theatre
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      • Article
        Lock icon Film
        88 35 Cendres Et Sang (Ashes and Blood): Catch a special screening of this French film, which was part of the line-up during the 2009 Cannes Film Festival. It revolves around the family tensions and violence that ensue after a woman returns to her homeland which she had left 10 years
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      • Article
        Lock icon Comedy
        89 35  -  Compiled by SARA YAP Butch Bradley Reloaded!Don't miss this one-night-only solo show by American comedian Butch Bradley, especially if you didn't get tickets to his sold-out performance here last year. The Los Angeles-based entertainer is known for his regular stint on The Late Late Show with Craig Ferguson, as
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    • Article, Illustration
      Lock icon More style than substance
      551 35  -  Unlike the films made by the man it portrays, there isn't much innovative moviemaking on display in ‘Hitchcock’, says GEOFFREY EU GEOFFREY EU HE was a colossus of the movie industry and a heavyweight director in more ways than one, so it comes as a bit
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    • Article, Illustration
      Lock icon Better to have faded away than to Die Hard again
      495 35  -  By GEOFFREY EU SUSTAINING an action-movie franchise over time is no easy task. Just ask Bruce Willis, who lost his hair but retained his wisecracking ways and death-defying abilities in the role of John McClane, a singlet-wearing New York City
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  • Page 35 Miscellaneous
    • Miscellaneous
      Lock icon Page 35 Miscellaneous Column 1
      314 35 CRYPTIC CROSSWORD Across 1 Unruly youth’s beer left on display (5,4) 9 Randy broadcast boastful talk (3,3) 10 Found to be without connection (9) 11 Turn to be suspended and be forgotten (2,4) 12 Journalist going round states it’s a bag (9) 13 It’s a dreadful thing to have (6)
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  • executive lifestyle
    • Article, Illustration
      Lock icon Subscribing to a lifestyle
      1990 36  -  Services that charge fixed recurring fees offer fresh alternatives to a la carte shopping, writesCHRISTOPHER CHRISTOPHER LIM I NDULGING in recreation has typically involved paying for that particular spa session, bottle of wine or dress. And while the Internet has sprouted ways to shop beyond walking
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