The Business Times, 18 February 2013
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2013-02-18
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The Business Times
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Title Section25 2013-02-18 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Monday, February 18, 201325 words
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Article, Illustration1406 2013-02-18 1 NISHA RAMCHANDANI, TEH SHI NING - It urges greater focus on promoting value creation at smaller firms, helping them go overseas and encouraging consolidation among them By NISHA RAMCHANDANI, TEH SHI NING [SINGAPORE] The government needs to think out of the box and go beyond existing1,406 words
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MARKETS DIGEST
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Article56 2013-02-18 1 Weekly Change ST INDEX 3,283.07 +12.77 Kl COMP 1.627.93 +4.13 NIKKEI 225 11,173.83 +20.67 HANG SENG 23.444.56 +229.40 SET INDEX 1,521.52 +24.22 JAKARTA COMP 4,609.79 +118.52 MANILA COMP 6,521.64 +62.97 SEOUL COMP 1,981.18 +30.3 SHENZHEN B 854.00 unch MUMBAI IND 19,468.15 -16.62 DOW 13,981.76 -1U1 NASDAQ 3,192.03 -1.84 S&P56 words
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Article28 2013-02-18 1 SINGAPORE 538 MALAYSIA 6.55 HONGKONG 5.00 INDONESIA ...13.221 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 us 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.45 Source: Bloomberg28 words
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Article49 2013-02-18 1 USS SS U5$ (SS per U5S) 1,235 (USS/SS per 1.555 1.920 EURO (USS/SS/E) 1,338 1.652 Foreign currency per USS SS YEN 92,60 74.90 RM 3.094 2.505 HKS 7.755 6.278 BAHT 29.85 24.17 RUPIAH 9,663 7,822 RENMINBI 6.233 5.046 INDIAN RUPEE 53.98 43.70 AS 0.965 0,781 NZS 1.174 0.95149 words
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Advertisement218 2013-02-18 1 YOUNG INVESTORS’ FORUM Is diversification a good thing? PAGE 9 COMPANIES F&N saga opens can of firsts for S’pore M&A PAGE 5 VIEWS FROM THE TOP Not just a numbers game PAGES 10 11 BizIT Accenture ready for social mobile, Big Data PAGE 30 STOCKS SAVINGS PROPERTY BT WEBSITES For218 words
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TOP STORIES
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Article552 2013-02-18 2 Productivity push requires govt to go beyond current efforts THE government needs to go beyond existing efforts if Singapore is to climb up the productivity ladder quickly enough, said panellists at a pre-Budget roundtable organised by The Business Times and KPMG. This is critical for the vast SME552 words
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Article, Illustration795 2013-02-18 2 NISHA RAMCHANDANI - Panel also suggests rental, property tax rebates to alleviate cost pressures BUDGET ROUNDTABLE By NISHA RAMCHANDANI [SINGAPORE] As small and medium enterprises (SMEs) struggle to cope with the higher costs of doing business in Singapore today, president of the Association of795 words
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462 2013-02-18 2 TEH SHI NING - By TEH SHI NING [SINGAPORE] The Republic has the means to run a “highly stimulative” budget with generous transfers this year, given its strong fiscal position. PK Basu, Maybank Kim Eng’s regional head of research and economics, said that the surplus462 words
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Article, Illustration851 2013-02-18 4 ROB CURRAN - DJIA may hit new peak, unless market takes ‘sobering’ report seriously WALL STREET INSIGHT By ROB CURRAN AFTER a historic run in January, the US stock market is stuck at the threshold of new records. The Dow Jones Industrial Average hardly budgedPHOTO: REUTERS - 851 words
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749 2013-02-18 4 ANTHONY ROWLEY - By ANTHONY ROWLEY in Tokyo ARMED with what is widely seen as a general endorsement of his aggressive monetary easing policies, Japan’s Prime Minister Shinzo Abe is expected to announce his candidate as the Bank of Japan’s new governor this week749 words
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296 2013-02-18 4 TEH SHI NING - By TEH SHI NING [SINGAPORE] The board of Sakae Holdings has decided to hold an extraordinary general meeting to remove Andy Ong Siew Kee as one of its non-executive directors. Mr Ong, who had been identified as being responsible for financial irregularities296 words
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Advertisement275 2013-02-18 2 I lake giant strides forward with a British education. It*s my choice. Success means the world to us. It is the culmination of sound decisions and equally unorthodox ones. We’ve chosen a world of different perspectives bound by customised and effective solutions, as well as lifelong innovation. We believe in275 words
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Advertisement95 2013-02-18 2 B1 INDUSTRIAL SPACE FOR SALE 2 Factory Units approximately 1216 sq ft each at Mactech Building, 2 Kallang Pudding Road Freehold Regular Floor Design for Flexible Space Planning Separate Lift Lobbies for Passengers and Goods Separate Parking for Cars and Goods Vehicles Expressions of Interest Closing: Friday 22 February 201395 words
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Advertisement699 2013-02-18 3 MAYORS OF THE WORLD, MAY WE With 3.3 billion people living in cities today —a number that will double by 2050 —the job of mayor has begun to resemble the burden of Atlas. City infrastructure, agencies, services, economics and the well-being of the citizenry all demand change. This kind of699 words
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Advertisement100 2013-02-18 4 14 of the world’s top 15 major banks trust OpenText Few organizations understand the challenges of managing vast volumes of information like global financial institutions. It’s no surprise the leaders depend on OpenText Enterprise Information Management (EIM) solutions. ENTERPRISE CONTENT MANAGEMENT BUSINESS PROCESS MANAGEMENT CUSTOMER EXPERIENCE MANAGEMENT INFORMATION EXCHANGE DISCOVERY100 words
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Advertisement94 2013-02-18 4 ALMATY Seoul Beijing x Bangkok Kuala Lumpur Hong Kong Ho Chi Minh Beijing Almaty 5 times a week Bangkok Almaty jjv 7 times a week Kuala Lumpur Almaty 3 times a week Ho Chi Minh Almaty 2 times a week Seoul Almaty 2 times a week Hong Kong Almaty >94 words
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COMPANY NEWS
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Article, Illustration1043 2013-02-18 5 KENNETH LIM - Future deals will have to account for precedents set by F&N By KENNETH LIM FRASER and Neave (F&N) could be on its way out of the stock exchange after a general offer for its shares closes today, but the ripples fromPHOTO: REUTERS - 1,043 words
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Article1695 2013-02-18 7 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd FOR the first time in the past four weeks, the buying was high. Sellers were active for the second straight week, based on Singapore Exchange filings during the holiday-shortened Feb 13-15 week.1,695 words
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Article278 2013-02-18 7 Feb 15 BANKS Agricultural Bank Of China Agricultural Bank Of China ...5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited 5.50 Bank of Communications 5.50 Bank of East Asia Bank of China Limited ...5.50 Bank of Communications Bank of Tokyo-Mitsubishi Banque Internationale a Barclays Bank278 words
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Article110 2013-02-18 7 COMPANY MEETING PLACE DATE TIME FDS Networks S 25 International Business Park 5th Floor Seminar Room German Centre 18-Feb 3.30pm Chasen Holdings E Stamford 1 Raffles Country Club 450 Jalan Ahmad Ibrahim 21-Feb 10.30am Ecowise Holdings A 17 Kallang Junction #04-03 28-Feb 2.30pm Sinwa Ltd E 28 Joo110 words
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Advertisement84 2013-02-18 5 XjJJ p* 4 .■i W' i' V: ViSIw> <4 4HB V Standard Chartered When businesses succeed, livelihoods flourish. In 2009, we took the initiative to be first to align with the World Bank Group in boosting global trade flows. Since then, we have continued to be proactive in encouraging growth84 words
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SINGAPORE MARKETS
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Article, Illustration601 2013-02-18 6 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent EVEN if the longer-term trend is probably upwards provided central bank money printing and “competitive devaluations” in the foreign exchange market do not lead to a full-blown currency war there are signs that a correction may be on the601 words
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630 2013-02-18 6 COMMODITIES AFP [LONDON] Oil and metals prices retreated last week in quiet trading amid the Chinese New Year holiday celebrations, while dealers also paused for breath ahead of a key Group of 20 meeting. Meanwhile finance ministers from G-20 states gathered on FridayAFP - 630 words
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Article1469 2013-02-18 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.50 2.50 2 8.85 17.74 1.64 1.57 Amtek Engineering Ltd 3.25 3.00 4 0.05 9.10 0.61 0.58 ARA Asset Management 1.57 1.571,469 words
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Article73 2013-02-18 6 Feb 15 VALUE CLOSE BT OB/OS 76.00 -115.00 BT CADI -*****.00 +63.00 BT 10-day MA -*****.00 +7.00 FTSE ST Mid Cap 822.31 +5.87 FTSE ST Small Cap 578.38 +3.34 FTSE ST All Share 811.07 -0.13 FTSE ST China Top 231.75 +0.62 FTSE ST China 263.76 -1.15 FTSE73 words
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Article53 2013-02-18 6 VOLUME IPCO Intl 2,521,490,000 Magnus 1,795,723,000 Armarda 1,010,945,000 CarrierNet 1,007,817,000 YHM 828,961,000 Ntegrator 755,246,000 Memstar 742,287,000 Annica 715,846,000 WE Hldgs 703,974,000 ChinaACorp 694,746,000 VALUE($) SingTel 337,865,120 GLP 184,056,294 Genting SP 165,318,620 DBS Grp 150,864,700 UOB 136,903,627 OCBC Bk 131,588,407 Magnus 130,523,452 Golden Agri 123,292,701 Thai Beverage 107,712,12953 words
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585 2013-02-18 6 CURRENCIES Bloomberg [NEW YORK] The yen resumed its historic decline as finance chiefs from the world’s developed nations avoided criticising Japan for allowing the weakening of the currency to gain an unfair competitive advantage in trade. The Japanese currency fell asBloomberg - 585 words
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Article109 2013-02-18 6 BY CENTS CLOSE UP JMH 6288 195.2 2.6 DBXT MSKorea 10US$ 6000 187.8 2.6 DBXT SPASX200 10US$ 4081 140.8 2.9 IS S&P500 ***** 130.9 0.7 Hyflux 6% CPS 10 ***** 70.0 0.6 DBXT MSINDO 10us$ 1625 48.2 2.5 DBXT FTChina25 10US$ 3049 40.8 1.1 Spore Land 782 39.0 5.2109 words
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Article128 2013-02-18 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -438.5 -2.2 DBXT Nifty 10US$ ***** -201.3 -1.4 DBXT AUD Bonds 5AU$ ***** -67.8 -0.3 Jardine C&C 5160 -58.0 -1.1 DBXT MSEurope 10US$ 4997 -48.2 -0.8 SIA 200 1086 -29.0 -2.6 DBXT MSINDIA 10US$ 901 -25.9 -2.3 DBXT S&P Short 10US$ 3269128 words
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Advertisement150 2013-02-18 7 Every piece of a winning FX strategy Skill. Timing. Strategy. Trading FX and related margin products takes all three. Saxo Capital Markets puts a diverse array of consistently priced spot currencies including EURUSD and majors from 2 pips^, FX Options, Forward Outrights, Futures and CFDs in your hands. With SaxoTrader’s150 words
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SINGAPORE NEWS
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Article, Illustration846 2013-02-18 8 TEO SI JIA - Start-up betting on its time-saving Piranha System to purge marine fouling By TEO SI JIA PRYING barnacles off ship hulls may seem a medieval approach to cleaning vessels, but that is the reality of the maritime industry. Singapore-based La Mans Marine Engineering846 words
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Article1415 2013-02-18 8 Payment Ex Rec Pay Ann (cts) date date date date AIMS AMP Capital Ind REIT ag 2.580 07-Feb 13-Feb 19-Mar 31-Jan Amtek Engineering aw 1.300 15-Feb 19-Feb 27-Feb 08-Feb Ascendas REIT ao 3.620 21-Jan 23-Jan 27-Feb 15-Jan Ascendas REIT ES (Jan 2013) ao 3.620 21-Jan 23-Jan 27-Feb 15-Jan1,415 words
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Advertisement134 2013-02-18 8 CO BEYOND RETAIL THERAPY AND DISCOVER THE BEAUTY OF TOTAL LUELLNESS FROM LUITHIN PARAGON Situated in Paragon, Paragon Medical houses over 60 world-class medical specialists to meet all of your healthcare needs. MEDICAL SERVICES: Aesthetics/Cosmetic Surgery Anti-ageing Cardiology Day Surgery Centre Dentistry/Orthodontics Dermatology Ear, Nose Throat (ENT) Fertility Centres General134 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1421 2013-02-18 9 writesCAI HAOXIANG - Maintaining a reasonably varied portfolio helps you minimise risk, so you won’t lose sleep over keeping all your eggs in one basket, writes CAI HAOXIANG writesCAI writesCAI HAOXIANG IMAGINE yourself being a proud shareholder of what used to be the fourth-largest investment bank in the1,421 words
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Article, Illustration1334 2013-02-18 9 CAI HAOXIANG - No diversification needed when one is young, property investor tells STARTING YOUNG CAI HAOXIANG MOST investors live by the virtues of diversification that is, not putting all your eggs in one basket. Not Ryan Khoo Chung Ming. The 30-year-old bought his first apartment in hisPHOTO: ARTHUR LEE - 1,334 words
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Advertisement156 2013-02-18 9 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to156 words
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VIEWS FROM THE TOP
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Article, Illustration3793 2013-02-18 10 Patrick Liew - THIS WEEK’S TOPIC What key messages and insights can we take from the ongoing debate on the Population White Paper? What are the areas most in need of urgent action, and what specific actions/policies do you hope to see implemented? Patrick Liew CEO HSR GlobalPHOTO: AFP - 3,793 words
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Page 11 Advertisements
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Advertisement464 2013-02-18 11 QC E for Easy NEWS [Q Enter symbol for company news Yesterday s News W Stocks GOOGLE INC CL A GOOG: NSDQ Last Change Volume KE&dSMH CQ3HHHI H«J 0.00 X0| Ask 0.00 X 0 Buy I t I (1000 ffl Market X GOOG Good for Day W Real-time Streaming Quotes464 words
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Advertisement11 2013-02-18 11 A full list of views from CEOs is available at http://businesstimes.com.sg11 words
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MALAYSIA/INDONESIA
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1039 2013-02-18 12 First phase of RM11b project comprises six commercial blocks [KUALA LUMPUR] As details of the cash and share swap deal between Malaysian Resources Corp Bhd (MRCB) and Gapurna Sdn Bhd are being digested, the focus and questions now revolve around the1,039 words
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346 2013-02-18 12 Bloomberg [KUALA LUMPUR] Palm oil shipments from Malaysia rose 18 per cent in the first 15 days of this month, according to an estimate from Intertek, adding to signs that a zero-rated tax on exports for this month may help reduce near-recordBloomberg - 346 words
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Article, Illustration529 2013-02-18 12 Duty of one, two or three years likely: head of industry group Reuters [JAKARTA] Indonesia may extend its temporary 20 per cent wheat flour import tariff by at least three years, an industry group said on Friday, as Asia’s largest importer of theReuters; PHOTO: BLOOMBERG - 529 words
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Article1488 2013-02-18 12 VOL Feb 15 RM +/-(‘000) A M Realty 0.51 unch 90 VOL Advance Synerg 0.14 unch 152 Adventa Bhd 0.27 0.01 88 Ae Multi Hldgs 0.25 0.01 725 Affin Holdings 3.28 0.02 180 Ahmad Zaki Res Abric Bhd Airasia Bhd unch Alliance Finan Advance Synerg Aluminium Co unch1,488 words
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Advertisement27 2013-02-18 12 CaSSf 6 55 klS592\ K9*7** v/^" CATCH THE NISSAN KISS 92 KISS MOBILE TUNE IN TO KISS 92 TO FIND OUT WHERE WE’LL BE! k1ss92.sg facebook.com/kiss92fm Q@kiss92fm27 words
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Advertisement90 2013-02-18 12 www.omy.sg B -a OB "mu**** 1 hours ago near Singapore v* WARNING!!! FACEBOOK HAS CHANGED THEIR PRIVACY SETTINGS ONCE MORE!!! DUE TO THE NEW "GRAPH APP" ANYONE ON FACEBOOK (INCLUDING OTHER COUNTRIES) CAN SEE YOUR PICTURES, LIKES, AND COMMENTS. The next 2 weeks I will be posting this, and please90 words
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GREATER CHINA/INDIA
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Article, Illustration692 2013-02-18 13 He also projects economic growth of 5.5% for the year ending March Bloomberg [NEW DELHI] India’s central bank governor Duvvuri Subbarao signalled inflation risks will limit the extent he can reduce interest rates to bolster an economy expanding at theBloomberg - 692 words
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Article344 2013-02-18 13 AFP [LONDON] A split has emerged in the British government on managing its cooling relations with China, The Sunday Times newspaper said, citing sources. Prime Minister David Cameron and finance minister George Osborne are keen to avoid raising tension with Beijing due to concernsAFP - 344 words
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190 2013-02-18 13 Bloomberg [RIYADH] Kingdom Holding Co bought a stake in 360buy Jingdong Inc, a Bei-jing-based online retailer, as the investment company controlled by Saudi billionaire Prince Alwaleed bin Talal increases investments in e-commerce. Kingdom Holding led a group of investors to purchase aBloomberg - 190 words
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310 2013-02-18 14 Bloomberg [WASHINGTON] China’s economy averted a steep slowdown and is poised to grow “reasonably fast” as incomes in the most-populous nation rise, a former adviser to the country’s central bank said on Saturday. Li Daokui, an economist at Tsinghua University who was anBloomberg - 310 words
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Article, Illustration1007 2013-02-18 14 Jesters marks govt’s first tacit approval of gaming concept outside of Macau Reuters [SANYA, China] Placing bets on green-felt baccarat tables in a new casino bar on China’s southern Hainan island, punters seem oblivious to a huge wager quietlyReuters; PHOTO: REUTERS - 1,007 words
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773 2013-02-18 14 Chidambaram’s aim is to avoid a ratings downgrade: officials Reuters [NEW DELHI] India’s Finance Minister P Chidambaram is planning to cut the public spending target for fiscal 2013-14 by up to 10 per cent from this year’s original target, in what would beReuters - 773 words
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507 2013-02-18 14 NYT [HANJING, China] Wu Yiebing has been going down coal shafts practically every workday of his life, wrestling an electric drill for US$500 a month in the choking dust of claustrophobic tunnels, with one goal in mind: paying for hisNYT - 507 words
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Advertisement334 2013-02-18 13 HELD IN CONJUNCTION WITH Relmabilitafior APNRS 2013 Conference^ 1 Asia Pacific Neurorehabilitation Symp Symposium Wm a Hall 3, Singapore EXPO Convention Exhibition Centre Check out the best innovations assistive rehabilitation technology by Singapore companies at the Singapore Pavilion! OH. Trade 27 Feb 1 Mar 2013 Public: 1 Mar 2013 Time334 words
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Advertisement408 2013-02-18 14 KATS NOTICES Toll free 1800-289-8822 Email notices@sph,com.sg www.cats.com.sg/notices Singapore A wor kf° rce WLj/\ agency >ment CALL FOR PROPOSAL (CFP) The Singapore Workforce Development Agency (WDA) invites prospective providers to submit proposal for: CFP No.: WDA. CPSD.14.82.17. C.V1 Project Title: CFP for the Appointment of Leadership People Management Workforce Skills408 words
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ECONOMY WATCH
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Article, Illustration640 2013-02-18 15 Pledge to avoid devaluations will do little to keep rates stable ANALYSIS Reuters [MOSCOW] Financial leaders from the world’s 20 biggest economies may have promised not to devalue their currencies to help exports, but the pledge will do little to keep exchange ratesReuters; PHOTO: AP - 640 words
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Article, Illustration491 2013-02-18 15 But he declined to say Japan’s yen policy hurt Australia Bloomberg [CANBERRA] Governments that manipulate their currencies are a hindrance to global growth, Australian Treasurer Wayne Swan said at the meeting of the Group of 20 (G-20) finance ministers in Moscow. “Market-based exchange rates, fiscalBloomberg - 491 words
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Advertisement72 2013-02-18 15 LOGISTICS SEES A PACKAGE. OUR PEOPLE SEE MUCH MORE. At FedEx we know that every package we handle is more than just a package. We know that the success of businesses like yours depends on having suppliers you can count on. That is why we are committed to delivering reliable72 words
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WORLD
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859 2013-02-18 16 They pledge to not rely on cheap debt, clever financial tricks and other excesses Reuters [SAN FRANCISCO] As buyout kings once again flirt with mega deals, they are pledging to avoid relying on cheap debt, clever financial tricks and the other excesses of theReuters - 859 words
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706 2013-02-18 16 WP [WASHINGTON] President Barack Obama said the proposals in his State of the Union speech won’t increase the United States deficit “by a single dime”. He didn’t say they’d be free. His wish list, involving a mix of one-time and continuing costs, amounts toWP - 706 words
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Article, Illustration72 2013-02-18 16 [MENTON, France] A worker putting the final touch at a sculpture near a replica of Big Ben made with lemons and oranges during the 80th Lemon festival in Menton on Friday. Some 145 tonnes of lemons and oranges are used to make displays during thePHOTO: REUTERS - 72 words
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Article, Illustration378 2013-02-18 16 It’s making American businesses hesitant to invest, he says Bloomberg [WASHINGTON] Former White House economic adviser Lawrence Summers said uncertainty over the future of the corporate tax code is creating a drag on the US economy by making businesses hesitant toBloomberg - 378 words
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517 2013-02-18 16 Bloomberg [SEOUL] South Korea’s president-elect Park Geun Hye appointed Hyun Oh Seok finance minister as she installs a new government to tackle a strengthening currency in an economy that grew less than forecast last quarter. Mr Hyun, currently head of theBloomberg - 517 words
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379 2013-02-18 16 Reuters [COVENTRY, UK] Britain’s business minister called on the Bank of England on Saturday to consider new ways to unblock the flow of credit to small companies in order to help the country’s sluggish economy. Vince Cable said that he had writtenReuters - 379 words
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Article, Illustration815 2013-02-18 17 Polls are being watched closely in European capitals, financial markets AFP [ROME] Austerity-hit Italians take to the polls with centre-left leader Pier Luigi Bersani leading the fray against Silvio Berlusconi in a vote that could prove crucial for the future of the eurozone. Three-timeAFP; PHOTO: AFP - 815 words
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325 2013-02-18 17 Re uters [LONDON] Britain’s finance minister, George Osborne, on Saturday dismissed newspaper reports the government was planning to give away its stake in state-controlled Royal Bank of Scotland by 2015, saying such discussions were “premature”. Britain owns 82 perReuters - 325 words
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Article, Illustration452 2013-02-18 18 German Economy Minister gunning for major breakthrough in abolishing barriers Reuters [BERLIN] German Economy Minister Philipp Roesler wants the European Union and the United States to reach a comprehensive transatlantic free trade agreement rather than settle for the limited deal someReuters; PHOTO: REUTERS - 452 words
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Article, Illustration581 2013-02-18 18 Some 150 nations, up from current 58, to begin talks today Reuters [OSLO] A new United Nations plan to involve all nations in marshalling science to fix environmental problems ranging from toxic chemicals to climate change will be put to the test from todayReuters - 581 words
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632 2013-02-18 18 Reuters [ISTANBUL] Tighter US sanctions are killing off Turkey’s gold-for-gas trade with Iran and have stopped state-owned lender Halkbank from processing other nations’ energy payments to the Opec oil producer, bankers said on Friday. US officials have sought to prevent Turkish gold exports, whichReuters - 632 words
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550 2013-02-18 18 Bloomberg [ABU DHABI] Lars Seier Christensen, co-chief executive officer of Danish bank Saxo Bank A/S, said the euro’s recent rally is illusory and the shared currency is set to fail because the continent hasn’t supported it with a fiscal union. “The whole thing isBloomberg - 550 words
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Article, Illustration545 2013-02-18 18 AP [VATICAN CITY] Pope Benedict XVI blessed the faithful from his window overlooking St Peter’s Square for the first time since announcing his resignation, cheered by an emotional crowd of tens of thousands of well-wish-ers from around the world. Smiling broadly, PopeAP; PHOTO: AP - 545 words
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Article, Illustration728 2013-02-18 19 They have to pass a criminal background check, file biometric data and pay fees AFP [WASHINGTON] The White House is drafting an immigration plan that would allow illegal immigrants to become legal permanent residents (PRs) of the United States within eight years,AFP; PHOTO: AP - 728 words
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681 2013-02-18 19 It eyes business with China, South Asia, Africa, not just Gulf Reuters [DUBAI] The Dubai International Financial Centre (DIFC), a business zone, says it aims to double the number of companies there over five years by serving as a base forReuters - 681 words
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972 2013-02-18 19 Most distilleries are owned by MNCs operating elsewhere NYT [BALLINDALLOCH, UK] George Grant markets malt whisky made in the shadow of the snow-capped Ben Rinnes mountains, from the same spot where, five generations ago, his family bought a distilleryNYT - 972 words
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Article, Illustration1223 2013-02-18 20 Both sides say they are prepared to break down barriers to resolve differences Bloom berg [WASHINGTON] Europeans and Americans, linked by shared cultures and centuries of history, are about to face off over some of the toughest issues that divide them: cheese,Bloomberg; THE BUSINESS TIMES FILE PHOTO - 1,223 words
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563 2013-02-18 20 Pact with EU seen saving US producers US$1.5b per year Reuters [WASHINGTON] US chemical companies, already riding a wave of lower production costs because of the United States’ natural gas boom, see additional gains from proposed US trade deals with the EuropeanReuters - 563 words
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Article, Illustration1059 2013-02-18 20 Move sends positive signal to businesses and investors Reuters [KUWAIT] Freight trucks trundle down the dusty, potholed roads of Kuwait’s busiest port, running into traffic jams as they emerge into the surrounding streets. But after years of inaction, the government is finally moving toReuters; PHOTO: REUTERS - 1,059 words
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Article, Illustration1194 2013-02-18 21 Exchange operator’s management mulls diversifying, going private, splitting up Reuters [NEW YORK] Long frustrated about the low market valuation of Nasdaq OMX Group Inc, the exchange operator’s management is debating various ideas, ranging from further diversification to radical steps such as going private orReuters; PHOTO: BLOOMBERG - 1,194 words
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640 2013-02-18 21 Foreign investors say govt new rules break their contracts Reu ters [MADRID] Foreign investors in renewable energy projects in Spain have hired lawyers to prepare potential international legal action against the Spanish government over new rules they say break their contracts. It isReuters - 640 words
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Article, Illustration944 2013-02-18 21 NYT [NEW YORK] For decades, scientists have been on the lookout for killer objects from outer space that could devastate the planet. But warnings that they lacked the tools to detect the most serious threats were largely ignored, even as sceptics mocked theNYT - 944 words
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266 2013-02-18 21 AFP [KABUL] An Afghan consortium has bid to buy New Kabul Bank, the remnants of Afghanistan’s largest private bank which collapsed in a fraud scandal, after four others withdrew, officials said on Saturday. Three domestic and two international groups had expressed interest inAFP - 266 words
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Advertisement1684 2013-02-18 17 National Australia Bank Limited A.B.N. 12 004 044 937 Registered Office: Level 4, (UB4440) 800 Bourke Street, Docklands, Victoria 3008, Australia (All amounts are expressed in Australian currency unless otherwise specified) Balance Sheet As at 30 September Income Statement For the year ended 30 September Group Company 2012 $m Group1,684 words
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Advertisement362 2013-02-18 19 KATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SENTRYI PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****5185D NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that a Final362 words
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Advertisement333 2013-02-18 19 DATAPULSE TECHNOLOGY LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****2677D NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting of Datapulse Technology Limited (the “Company") will be held at Furama Riverfront, Venus I, Level 3, 405 Havelock Road, Singapore *****3 on Friday,333 words
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SHIPPING/AVIATION
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Article, Illustration1291 2013-02-18 22 Customers have no way of knowing whether ships are well maintained AP [MIAMI] A byzantine maze of maritime rules and regulations, fragmented oversight and a patchwork quilt of nations that do business with cruise lines make it tough for consumers toAP; PHOTO: REUTERS - 1,291 words
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Article245 2013-02-18 22 SGX '000 Feb 15 S$ +/-Vol CH Offshore 0.50 unch 81 Chuan Hup Hldg 0.29 -0.01 520 Cosco Corp 0.94 unch 2790 CWT Ltd S$ Ezra Hldgs 1.18 0.02 7314 First Ship Lea CH Offshore Freight Links 0.08 unch 1571 Grand Banks 0.38 unch 12 Jaya Hold Ltd245 words
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1177 2013-02-18 22 Reuters [NEW YORK] After sitting out the industry’s last round of mega-mergers, airline giants AMR Corp, parent of American Airlines, and US Airways Group are finally tying the knot. Meet the matchmakers: the financial and legal advisers for AMR’s unsecured creditors’ committeeReuters - 1,177 words
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Page 22 Advertisements
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Advertisement26 2013-02-18 22 H I »«L LIANHE ZAOBAO Chinese llAIMAIfttl demand A for gold H I soars as price tumbles a-.T’iy To subscribe, call 6388-3838 or go to sphsubscription.com.sg26 words
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Page 22 Miscellaneous
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Miscellaneous284 2013-02-18 22 CRYPTIC CROSSWORD Across 1 Choose the best tool (4) 3 Surpassing food, kosher (5-5) 9 Accomplished daughter, single (4) 10 Block, centre reportedly for US government agency (5,5) 11 Mad sort, eccentric achieving fame (7) 13 Old leader in tragedy greeting jealous husband (7) 14 Change involving clubs causes argument284 words
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DINING OUT
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Article, Illustration860 2013-02-18 23 DEBBIE YONG - Namu may disappoint diners who are expecting typical Korean fare, says DEBBIE YONG DEBBIE YONG NEW RESTAURANT Namu 70 Boat Quay Tel: *****321/*****321 WHILE Japanese cuisine has grown increasingly varied in Singapore over the past few years with your average diner now able860 words
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Page 23 Advertisements
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Advertisement265 2013-02-18 23 i Sv A Winter Tour at Mikuni Executive Chef Moon Kyung Soo invites guests to take a gastronomic journey through their new Winter Tour Menu, the most premium seasonal Japanese produce, crafted delicately in each of Mikuni’s teppanyaki, sushi and robatayaki counters. Mikuni’s Winter Tour menu is priced at $220++265 words
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SINGAPORE STOCKS
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Article3367 2013-02-18 24 Week ended: Feb 15 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol ('000) 159.5 104.5 AIMSAMPIReit --AAT Div GrYld C'vr Net P/E M Cap Smil 15 11.4 STelecom 1933,367 words
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Article314 2013-02-18 25 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 4.6 1.3 t Advanced System 2.1 +0.4 *****4 2.4 1.7 2 2.1 31.3 Week Last Quote Div Gr Yld Net M Cap High314 words
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Article117 2013-02-18 25 Stock name Close Change CapMallsAsia 2.120 -0.010 CapitaLand 3.910 +0.010 CapitaMall 2.180 +0.030 CityDev 11.43 +0.010 ComfortDelGro 1.890 -0.010 DBS Grp 15.00 -0.010 F&N 9.440 +0.010 GLP 2.700 +0.010 Genting SP 1.580 -0.020 Golden Agri 0.650 Stock name Close Change HK Land 7.900 -0.090 IHH Healthcare117 words
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Article2094 2013-02-18 25 Transaction date: Feb 15 HONG KONG Vol HK$ +/-'000 Aeon Credit Vol Aeon Stores 21.00 unch 2 Angang Steel 5.75 0.04 7673 Anhui Conch Anhuiexpresswa 4.83 -0.02 898 Asia Satellite 31.00 unch 0 Asm Pacific unch Bank Of E Asia 31.50 unch 922 Beida Jade Bir 5.75 Beijing2,094 words
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Article276 2013-02-18 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 25.5 AVJennings A39 unch 78 39 39 39 41.5 3.6 9 3.1 101.6 45 30 Genting HK US$ US43 unch ***** 43.5 42.5 42.5 43 2831.3276 words
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Article186 2013-02-18 25 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 4 3 0 0 0 9 4 3 Manufacturing 98 53 37 26 5 1 124 58 38 Commerce 45 21 11 7 6 3 52 27 14 Tpt/Stor/Comms 23 16 6186 words
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Article1005 2013-02-18 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 118 +0.4 447 118.2 117.7 118 118.2 538.6 135.9 120.4 CIMB APAC Div 100S$D 135.8 135 135.9 111.7 95.8 CIMB1,005 words
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Article123 2013-02-18 25 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 729,109 729,109 192,368 192,368 Manufacturing 3,865,576 4,273,331 8,138,907 814,957 97,575 912,532 Commerce 2,042,948 977,812 3,020,760 374,180 113,471 487,651 Tpt/Stor/Comms 517,810 175,052 692,862 643,226 73,087 716,313 Finance 312,399 600 312,999 519,263 231 519,494 Construction 3,211,257 835,130123 words
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Advertisement23 2013-02-18 25 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use.23 words
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FINANCE & COMMODITIES
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Article616 2013-02-18 26 Feb 15 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.21 *****.58 *****.06 Mar13 *****.00 *****.00 *****.00 *****.00 *****1 *****3 Jun13 *****.00 *****.00 *****.00 *****.00 968 9678 MSCI TAIWAN INDEX FUTURES SPOT 284.67 284.67 284.67 Feb13 0 *****5 Mar13 0 1526 S&P CNX NIFTY616 words
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373 2013-02-18 26 In local curr In S$ In US$ dy yr dy yr dy yr Feb 15 Index Change Change Change Change Change Change World Preliminary 996.6 -0.2 6.2 -0.1 6.5 -0.3 5.1 EAFE Preliminary 822.1 -0.3 6.1 -0.4 5.1 -0.5 3.7 Europe Preliminary 1202.4 -0.1 4.8373 words
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Article470 2013-02-18 26 Feb 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.037 6.460 0.775 8.038 55.948 100.147 0.959 11.174 3.207 1.217 101.634 42.083 1.280 9.124 0.955 30.639 30.938 0.667 1.036 Canada 0.964 6.228470 words
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Article64 2013-02-18 26 Feb 15 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid64 words
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Article134 2013-02-18 26 Feb 15 GOLD(US$/oz) Feb 14 Feb 15 Hong Kong 1656.00 1643.30 Feb 15 Feb 14 London 1605.92 1639.56 1606.78 1640.33 Source: Thomson Reuters CAST BAR Feb 15 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 146 65 5gm 414 325 10gm 740 649134 words
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Article88 2013-02-18 26 Feb 15 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 99.96 100.00 100.00 5-Year N*****0Z 2.37588 words
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Article59 2013-02-18 26 Feb 15 Feb 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 13 2428.0 2436.0 2428.0 2428.0 1 1167 Mar 13 2486.0 2475.0 2495.0 2445.0 2140 ***** Apr 13 2505.0 2495.0 2521.0 2476.0 ***** ***** May 1359 words
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Article156 2013-02-18 26 Feb 15 Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2800 1.2805 1.0363 1.0366 Canadian dollar 1.2341 1.2344 0.9993 0.9991 Euro 1.6518 1.6525 1.3373 1.3377 NZ dollar 1.0514 1.0521 0.8512 0.8517 Sterling pound 1.9200 1.9205156 words
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Article108 2013-02-18 26 Feb 15 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 13 1424.50 1418.00 1428.00 1415.00 May 13 1414.75 1408.50 1418.00 1405.25 Jul 13 1404.75 1399.25 1408.00 1396.50 Aug 13 1369.00 1363.25 1371.00 1362.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 13108 words
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Article80 2013-02-18 26 Feb 15 COCOA (£/tonne) Close Prev High/Low Mar 13 1409 1418 1422/1406 May 13 1418 1427 1431/1417 Jul 13 1430 1438 1442/1429 Sep 13 1439 1446 1451/1437 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2022 2030 2039/2010 May 13 2057 2059 2070/2047 Jul 13 2068 2069 2080/2059 Sep 13 207680 words
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1021 2013-02-18 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 724 4.55 15 Conv Asiatravel.com HoldingsW*****7 5 unch 51 1 25 17 Asiatravel.com HoldingsW*****5 5 unch 51 1 27 41 BakerTech W*****5 Prem Best World1,021 words
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Article70 2013-02-18 26 CRUDE OIL PRODUCTS Feb 14 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 118.04 0.15 WTI (Near Mth) 97.36 0.30 Dubai (1-Mth F) 113.15 -0.40 Tapis blend 123.97 -0.36 Minas 120.47 -0.36 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 115.67 0.45 Jet Kerosene 136.51 -0.53 US$/barrel OpecOil Basket70 words
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Article22 2013-02-18 26 Feb 15 S$ Bid Offer 1-month 1.2353 1.2354 2-months 1.2353 1.2354 3-months 1.2353 1.2354 6-months 1.2352 1.2353 Source: OCBC22 words
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Article65 2013-02-18 26 Feb 15 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2127.25 2115.25 3 months 2168.00 2157.00 Copper, Grade A(US$/tonne) Cash 8172.00 8205.25 3 months 8206.00 8240.00 Lead(US$/tonne) Cash 2420.75 2394.25 3 months 2435.00 2406.50 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months65 words
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Article121 2013-02-18 26 As at 9am Feb 15 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.308 1.246 Can dollar 1.262 1.202 Euro 1.688 1.608 Sterling pound 1.947 1.873 NZ dollar 1.085 1.024 US dollar 1.258 1.199 Local dollars to 100 units of foreign121 words
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Article157 2013-02-18 26 Feb 15 $S Offer Bid 0vernight 0.05 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.06 US$ 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 12157 words
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Article2894 2013-02-18 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/New2,894 words
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Advertisement58 2013-02-18 27 Experienced sH/p maintenance j-. j-i Can they find you S6lVIC6S WanX6d services Here in tk Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1 327 THE BUSINESS TIMES Shipping Times Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG58 words
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Advertisement18 2013-02-18 27 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE the business times Shipping Times18 words
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Advertisement206 2013-02-18 28 Importers looking for Warehouse Can they find your services here in the Shipping Times? the business times TO ADVERTISE, CALL JOE WONG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 Highlightlfl206 words
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Advertisement11 2013-02-18 28 TO ADVERTISE IN The Business Times Shipping Times CALL JOE WONG11 words
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Advertisement205 2013-02-18 29 Learn from Google on their 9 Notions of Innovation Master the art of Social Media for your business outreach Id BUSINESS SUMMIT 2013 Hear it from TNS on how to Innovate Process using Data Analysis Inspired by some key brands on how they Reinventing Users' Experience Learn from the experts205 words
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BizIT THE USINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration969 2013-02-18 30 AMIT ROY CHOUDHURY - The consultancy practises what it preaches as tech paradigm shifts, reportsAMIT AMIT ROY CHOUDHURY AS mobility, Big Data analytics and social networking change the way companies do business and handle hotbutton issues such as data privacy, consultancy ccenture is adapting its969 words
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Article, Illustration734 2013-02-18 30 WP [TORONTO] Jim Balsillie, Research In Motion’s co-chief executive officer until January of 2012, cut his last formal ties to a company he helped build for two decades when he reported on Friday that he no longer holds a stake. Mr Balsillie disclosedWP; AFP FILE PHOTO - 734 words
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Article, Illustration591 2013-02-18 30 VICTORIA HO - By VICTORIA HO MOST people have a money changer they swear by, but a new Singaporean startup is setting out to turn the tables on the industry by offering users a live list of money changer rates. Julien Labruyere, CEO of Get4x, told BizIT591 words
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198 2013-02-18 30 Bloomberg [SAN FRANCISCO] Apple Inc and Samsung Electronics identified products they allege infringe their patents for smartphones and tablet computers as part of a lawsuit in federal court in San Jose, California. The filings on Friday were made in a newer of twoBloomberg - 198 words
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Article, Illustration856 2013-02-18 29 reportsAMIT ROY CHOUDHURY - As more organisations open up and extend access to corporate information, their networks become vulnerable to data misuse and theft, reportsAMIT ROY CHOUDHURY reportsAMIT reportsAMIT ROY CHOUDHURY WITH smartphone usage going up dramatically in the Asia Pacific, there is increased demand for856 words
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Article, Illustration705 2013-02-18 29 Attacks add to proof that hackers can use security hole in Java software NYT [NEW YORK] Facebook admitted that it was breached by sophisticated hackers in recent weeks, two weeks after Twitter made a similar admission. Both Facebook and Twitter were breached through a well-publicised vulnerabilityNYT; PHOTO: AP - 705 words
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554 2013-02-18 29 WP [NEW YORK] Viking Global Investors, the hedge fund run by O Andreas Halvorsen, eliminated its entire stake in Apple in the fourth quarter, joining rivals that either exited or cut holdings as shares of the maker of iPhones andWP - 554 words
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