The Business Times, 20 February 2013
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2013-02-20
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The Business Times
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Title Section25 2013-02-20 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Wednesday, February 20, 201325 words
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Article, Illustration817 2013-02-20 1 LEE U-WEN - It should be up by 2020 and transform ties between S’pore and KL; many other projects also announced By LEE U-WEN [SINGAPORE] A new high-speed rail link between Kuala Lumpur and Singapore is in the works, with passengers needing just 90 minutes toPHOTO: REUTERS - 817 words
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MARKETS DIGEST
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Article65 2013-02-20 1 GST INDEX 3,295.77 (+7.63) GST INDEX FUTURES 3,296.00 (+8.00) GSIMSCI 372.50 (+1.40) GSIMSCI FUTURES 372.70 (+1.40) US$ S$ US$ (S$ per US$) 1.239 (US$/S$ per 1.548 1.917 EURO (US$/S$/€) 1.334 1.652 Foreign currency per US$ S$ YEN 93.50 75.50 RM 3.100 2.502 HK$ 7.755 6.261 BAHT 29.88 24.12 RUPIAH65 words
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Article48 2013-02-20 1 Tuesday Change KL COMP 1,615.07 -5.86 NIKKEI 225 11,372.34 -35.53 HANG SENG 23,143.91 -238.03 SET INDEX 1,532.07 +8.78 JAKARTA COMP 4,602.06 -9.98 MANILA COMP 6,620.72 +55.49 SEOUL COMP 1,985.83 +3.92 SHENZHEN B 826.66 -25.34 MUMBAI IND 19,635.72 +134.64 11am EST Change DOW 14,023.84 +42.08 NASDAQ 3,200.93 +8.9048 words
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Article22 2013-02-20 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 JAPAN 13.463 TAIWAN BRITAIN JAPAN 1.475 CANADA 9.33 BRITAIN INDIA US Source: Bloomberg22 words
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686 2013-02-20 1 ANTHONY ROWLEY - Cabinet members disagree with Abe over BOJ chief and foreign bond buying By ANTHONY ROWLEY in Tokyo SIGNS of growing disagreement between Japanese Prime Minister Shinzo Abe and key members of his Cabinet over the choice of a new governor686 words
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Page 1 Advertisements
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Advertisement98 2013-02-20 1 STRAIT TALK Another cruise ship tragedy PAGE 19 DELISTING OF F&N Windfall for large-cap property and consumer stocks PAGE 6 EXEC MONEY No stopping bull run in Philippines PAGE 30 8 *****1 *****4 Deutsche Bank db.com Only a strong bank can set the stage for our clients’ success. This advertisement98 words
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Advertisement38 2013-02-20 1 is now on Twitter follow us @BTbreakingnews German wins bid to design $7 billion Marina One development, Page 4 Coming soon: Iskandar’s huge ‘wellness corner’, Page 4 CapitaLand, Iskandar Waterfront and Temasek in Danga Bay venture, Page 438 words
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TOP STORIES
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Article, Illustration809 2013-02-20 2 GRACE LEONG - Nimrod manager also says woman in the case did not get commissions By GRACE LEONG [SINGAPORE] A prosecution witness in the Peter Lim sex-for-contracts trial yesterday said that there was no insider information involved in an April 2011 tender from the809 words
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634 2013-02-20 2 S JAYASANKARAN - Oil palm giant now owns 26,000 ha of wheat-growing land By in S JAYASANKARAN in Kuala Lumpur SHARES in Malaysia’s oil palm giant KLK, the former Kuala Lumpur Kepong, edged down 0.3 per cent to RM21.20 apiece yesterday, seemingly on news that634 words
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Article436 2013-02-20 2 Game-changer: a 90-min rail link to KL A NEW high-speed rail link between Kuala Lumpur and Singapore is in the works, with passengers needing just 90 minutes to get from one city to the other once the system is up and ready by 2020. The prime ministers of436 words
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790 2013-02-20 2 NEETA LAL - Debate erupts ahead of next year’s general elections By NEETA LAL By in New Delhi WITH one eye on the 2014 general elections, leaders of the ruling Congress party are keen that the Finance Ministry make provisions for loan waivers for790 words
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Article, Illustration641 2013-02-20 4 LEE U-WEN - PM Lee, PM Najeeb unveil design of the $7b building, set to open in 2017 By LEE U-WEN [SINGAPORE] The architect behind Google’s Silicon Valley headquarters has been tasked with designing the $7 billion Marina One development in Singapore’s Marina Bay financial district.641 words
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Article, Illustration954 2013-02-20 4 MALMINDERJIT SINGH - Two big projects by Temasek, Khazanah worth RM3b unveiled By MALMINDERJIT SINGH in Iskandar Malaysia THE region’s growing ageing population will soon have a new oasis for their wellness needs: two flagship projects in Iskandar Malaysia jointly developed by Temasek and Malaysia’s Khazanah NasionalSource: Iskandar Investment Bhd and Pulau Indah Ventures - 954 words
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547 2013-02-20 4 PAULINE NG - Mixed development on reclaimed island valued at RM811 million By PAULINE NG in Kuala Lumpur SINGAPORE’S CapitaLand has wrangled a superior deal for 71 acres (28.7 hectares) of land for a mixed development in Johor Bahru’s Danga Bay on the strength547 words
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Advertisement336 2013-02-20 3 A m K m ESS IV m '■•r <■ i m M )#&'2 r 1 *r V* PC V 6 V* *r mi <3 r V-' m **s iV VI m Vv‘ V' 11 Si ■s* m m m ■<■■■• n m 44 w. M r* ■m ■i :.<- "'Jt336 words
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Page 4 Miscellaneous
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Miscellaneous36 2013-02-20 4 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 E36 words
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Advertisement115 2013-02-20 5 u w 7 Comprehensive Transportation Systems fm. w:-' lug! -i- Advanced Water Treatment Systems *<■ > Efficient Power Plants and Energy Solutions Reliable Info-Communication Technology Pioneering technologies for a better tomorrow. For over a hundred years, we have been providing efficient transportation, cleaner water, sustainable energy and the infrastructure for115 words
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COMPANY NEWS
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Article674 2013-02-20 6 KENNETH LIM - Analysts look at property, consumer stocks that may attract attention By KENNETH LIM AS conglomerate Fraser and Neave (F&N) teeters on the brink of a possible delisting, analysts’ attention turns to the possible large-cap property and consumer stocks such as Hutchison Port Holdings Trust674 words
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Article83 2013-02-20 6 FOLLOWING the close of Thai tycoon Charoen Sirivadhanabhakdi’s general offer for Fraser and Neave (F&N), the company has appointed his son Thapana Sirivadhanabhakdi and son-in-law Chotiphat Bijananda as non-independ-ent and non-executive directors. The appointments took effect yesterday. The son, 38, is the president and CEO of83 words
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Article, Illustration360 2013-02-20 6 MINDY TAN - By MINDY TAN KOH Brothers Group Limited’s net profit for the fourth quarter ended Dec 31, 2012, jumped five-fold to $6.5 million from $1.3 million a year ago. This was on a 74 per cent increase in revenue to $116.1 million, due mainly to360 words
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333 2013-02-20 6 CARINE LEE - Higher revenue from property development segment lifts performance By CARINE LEE ROXY-PACIFIC Holdings Limited posted record profit for the fiscal fourth quarter and full year ended Dec 31, 2012, backed by higher revenue from its property development segment. The specialty property and hospitality group yesterday333 words
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440 2013-02-20 7 JASMINE NG - By JASMINE NG SINOTEL Technologies said yesterday that its special auditor, PricewaterhouseCoopers (PwC), has presented its findings following an independent investigation into unauthorised payments for the purchase of 4G equipment. The special audit of Sinotel revealed that the management was not aware that440 words
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Article, Illustration718 2013-02-20 7 CAI HAOXIANG - Sias chief says they are helpful but do not go far enough By CAI HAOXIANG A WORKING committee reviewing Singapore Exchange (SGX) listing rules is discussing several changes that will better protect retail investors of troubled foreign firms. One suggestion would718 words
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Article154 2013-02-20 7 Full year and Q4 results ended Dec 2012 Q4 ended Dec 2012 Full year ended Dec 2012 NET PROFIT (S$M) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG NET PROFIT (S$M) TURNOVER(S$M) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG TURNOVER (S$M) COMPANY Roxy-Pacific 58.45 51.81 12.8 190.56 183.65 3.8 23.49154 words
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440 2013-02-20 9 TEO SI JIA - Changtian Plastic, CJ Fertilizer, RH Energy, Zhongmin Baihui issue warnings By TEO SI JIA ANOTHER four firms have sounded the warning bells yesterday on expectations of weaker performances for the fourth quarter and full year ended Dec 31, 2012. Changtian Plastic Chemical and Changjiang440 words
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208 2013-02-20 9 MINDY TAN - By MINDY TAN MAINBOARD-LISTED AP Oil International’s full-year earnings surged 38 per cent to $5.76 million. Turnover for the 12 months ended Dec 31, 2012, rose 36 per cent to $90.06 million, from $66.32 million a year ago, as both manufacturing activities and208 words
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217 2013-02-20 9 MINDY TAN - By MINDY TAN FOOD Junction Holdings has reported a loss after tax of $6.9 million for the full year ended Dec 31, 2012, compared with a net profit of $0.9 million the previous year. This was attributed to a $5 million impairment217 words
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Article, Illustration272 2013-02-20 9 ARTHUR LEE - By ARTHUR LEE BANKING groups DBS and OCBC hosted some 2,000 guests this week at their respective Chinese New Year celebrations. DBS held its do on Monday evening at the Raffles City Convention Centre, while OCBC’s two-night event took place at the WPHOTOS: ARTHUR LEE - 272 words
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Advertisement547 2013-02-20 6 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 IFRA STJOBS No Awarded Best in Cross Media Advertising (Silver) for Asian Digital Media Awards (2012) No.1547 words
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Advertisement114 2013-02-20 7 Y Wherever 1 your business goes, we go. At Tenet Sompo Insurance, we take great pride in being perfect insurance partners when you want to take your business overseas. We provide high quality insurance products and services, including risk management and loss control, so that you can have a peace114 words
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Advertisement24 2013-02-20 7 Corporate Turnaround Strategist Help you resolve commercial, business shareholders challenges. Veteran banker with Professional Team. Contact: +65-9456 7988 email: peterliml8@gmail.com Promise Land Pte Ltd24 words
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SINGAPORE MARKETS
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Article, Illustration640 2013-02-20 8 R SIVANITHY - ST Index ends 7.6 points higher after lack of early direction with Wall Street’s Monday closure STOCKS R SIVANITHY Senior Correspondent PENNY stock rotation continued yesterday with Contel, Jasper Investments and Magnus Energy replacing Ipco, YHM and Ntegrator on the summit of the actives list.Source: Bloomberg - 640 words
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Article73 2013-02-20 8 Feb 19 VALUE CLOSE BT OB/OS 170.00 -23.00 BT CADI -*****.00 +30.00 BT 10-day MA -*****.00 +17.00 FTSE ST Mid Cap 825.51 +2.24 FTSE ST Small Cap 581.29 +1.80 FTSE ST All Share 814.26 +1.98 FTSE ST China Top 233.09 +0.47 FTSE ST China 264.67 +0.53 FTSE73 words
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Article53 2013-02-20 8 VOLUME Contel 728,148,000 Jasper 278,628,000 Magnus 205,115,000 IPCO Intl 180,339,000 Equation 164,857,000 Rowsley 161,240,000 Sunmoon 145,962,000 CCFH 136,395,000 Transcu Grp 94,653,000 HanKore 85,045,000 VALUE($) Genting SP 93,454,970 SingTel 63,492,583 Contel 58,597,532 Rowsley 57,258,360 Keppel Corp 46,128,620 Wee Hur 42,293,670 Thai Beverage 42,235,410 STXOSV 41,694,840 DBS Grp 40,850,57053 words
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Article186 2013-02-20 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 7 3 0 0 0 6 7 3 Manufacturing 64 56 42 8 7 10 72 63 52 Commerce 18 25 25 3 5 1 21 30 26 Tpt/Stor/Comms 22 10 11186 words
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Article123 2013-02-20 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 63,698 63,698 84,578 84,578 Manufacturing 1,317,128 517,664 1,834,792 308,475 17,188 325,662 Commerce 358,925 113,012 471,937 120,344 12,044 132,388 Tpt/Stor/Comms 157,453 14,944 172,397 199,247 5,054 204,301 Finance 88,379 472 88,851 127,040 206 127,246 Construction 323,764 71,485123 words
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Article, Illustration898 2013-02-20 8 CAI HAOXIANG - Compiled by CAI HAOXIANG Telecommunications Sector OCBC Investment Research, Feb 19 OUT of the three telcos, M1’s Q4 2012 results were slightly below our forecast, while the other two were mostly in line. Nevertheless, we note that M1 not only managed to post a recovery in its EbitdaSource: Bloomberg - 898 words
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Article, Illustration470 2013-02-20 8 CURRENCIES Reuters [LONDON] The euro fell across the board yesterday, giving up its brief gains after better-than-expected German data, as investors were reluctant to buy the single currency before Italian elections this weekend. Prospects of a fragmented Parliament after Italy’s Feb 24-25 election whichReuters; PHOTO: BLOOMBERG - 470 words
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Article111 2013-02-20 8 Stock name Close Change CapMallsAsia 2.100 -0.010 CapitaLand 3.950 +0.040 CapitaMall 2.180 +0.010 CityDev 11.34 -0.070 ComfortDelGro 1.915 +0.015 DBS Grp 15.12 +0.050 F&N 9.440 GLP 2.680 +0.020 Genting SP 1.530 -0.030 Golden Agri 0.650 HK Land 7.850 IHH Healthcare 1.325 -0.010 JMH 63.20 -0.290 JSH111 words
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Article105 2013-02-20 8 BY CENTS CLOSE UP Lyxor China H 10US$ 1602 83.0 4.4 DBXT Nifty 10US$ ***** 80.5 0.6 JSH 3863 28.5 0.6 Haw Par Corp 695 16.0 2.4 ST Engg 418 14.0 3.5 Spore Land 804 12.0 1.5 SIA.ES.1302 1097 11.0 1.0 UOB 5.05%NCPS 100 ***** 10.0 0.1 CIMBAsean40 100US$105 words
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Article129 2013-02-20 8 BY CENTS CLOSE DOWN Hyflux 6% CPS 10 ***** -130.0 -1.2 JMH 6320 -35.9 -0.5 Jardine C&C 5155 -35.0 -0.7 DBXT CSI300 10US$ 841 -28.5 -2.7 DBXT FTVietnam 10US$ 2756 -28.5 -0.8 DBXT AUD Bonds 5AU$ ***** -14.1 -0.1 DBXT MSMSIA 10US$ 1351 -11.2 -0.7 IS MS India 100US$129 words
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Advertisement156 2013-02-20 9 k e9~ss* «7ip ftp i 5*. IS V n V W* A iff 1 •i¥ »»> J». r* ■,> >s x r> a new event experience de si pried around you From international conferences to your next annual event, at the rejuvenated Pan Pacific Singapore you can meet, greet and156 words
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SINGAPORE NEWS
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768 2013-02-20 10 LYNN KAN - Four top law firms three US, one UK get QFLP licences These stood out from list of 23 applicants; total QFLPs now 10 By LYNN KAN FOUR heavyweight global legal firms have been given the green light as Qualifying Foreign Law Practices (QFLPs) in Singapore’s second round of licence applications.768 words
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Article, Illustration480 2013-02-20 10 MARIA MALA YOGALINGAM - By MARIA MALA YOGALINGAM PARK Hotel Group’s recently appointed chief corporate officer (CCO) Mohd Rafin hopes to spearhead the expansion of its network of hotels in the region, which will add to its current portfolio of eight hotels three each480 words
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586 2013-02-20 10 LIM JIA YING - Percentage exceeds 50% for the first time in two years By LIM JIA YING PAYMENT performance of local firms continued to improve in the last quarter of 2012, reinforcing the strong rebound in the previous quarter. Prompt payment transactions in Q4 rose586 words
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359 2013-02-20 10 WEE LE TING - Inverted Edge helps designers to sell internationally By WEE LE TING ONLINE fashion retailer Inverted Edge, which is backed by the National Research Foundation (NRF), has raised $2 million in funding through initial investments made by venture capital funds and private investors. Inverted359 words
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329 2013-02-20 10 FELDA CHAY - By FELDA CHAY SPRING Singapore supported more than 5,600 small and medium enterprises (SMEs) on their productivity push last year, reaching out to more firms than it did in 2011. Looking ahead, SMEs can look forward to even more help from the329 words
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526 2013-02-20 10 GRACE NG - Findings suggest economy is in for further instability By GRACE NG THE latest Global Economics Conditions Survey (GECS) records a drop in global business confidence for the fourth quarter of 2012, despite improved perceptions of the economy. The quarterly survey by526 words
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MALAYSIA/INDONESIA
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Article, Illustration693 2013-02-20 11 Major holder sells 13% stake in Bumi Plc to three separate investors Bloomberg [JAKARTA] Nathaniel Rothschild’s bid to gain control of Bumi Plc, the coal venture at the centre of a dispute between Rothschild and the Bakrie Group, may struggle to winBloomberg; PHOTO: AFP - 693 words
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479 2013-02-20 11 US$35b of projects in pipeline point to another good year, say banks Bloomberg [KUALA LUMPUR] Malaysia’s biggest sukuk arrangers say sales by local companies will surpass 2012’s record this year as US$35 billion of construction projects come on stream. Issuance has reached RM10.4Bloomberg - 479 words
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420 2013-02-20 11 Reuters [JAKARTA] French oil major Total has added its voice to complaints by US leviathan Chevron that Indonesia’s rules for overseas investors are hampering operations in the South-east Asian country. Indonesia’s central bank brought in rules in 2011 to force exporters to channel earnings throughReuters - 420 words
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Page 11 Advertisements
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Advertisement275 2013-02-20 11 THE UNIVERSITY OF WARWICK 51 SIMTech A S T AR GLOBAL EDUCATION POSTGRADUATE PROGRAMMES m m Global Vision See the bigger picture with SIM Global Education Kuan BeeLan i A Graduate, Class of 2010 Master of Science in Engineering Business Management The University of Warwick, UK Jfv A t A275 words
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GREATER CHINA/INDIA
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Article, Illustration570 2013-02-20 12 He is holding talks with Indian leaders and wants to double bilateral trade AFP [NEW DELHI] British Prime Minister David Cameron promised full cooperation with India and its police as a probe into alleged kickbacks in a helicopter deal clouded his meetings withAFP; PHOTO: AP - 570 words
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566 2013-02-20 12 Reuters [SHANGHAI] Chinese online shopping firm 360buy is losing money, needs huge cash injections to feed its supply chain, and its profitable rival Alibaba Group has more than doubled its market share. That leaves it with one o p ti on fl oaReuters - 566 words
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496 2013-02-20 12 Economic slowdown deepening and widening: report Bloomberg [MUMBAI] Earnings forecasts for the biggest Indian companies are declining again as profits grow at the slowest pace since the financial crisis, according to Credit Suisse Group AG. Consensus earn-ings-per-share estimates for the 50 companiesBloomberg - 496 words
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867 2013-02-20 12 NYT [SHANGHAI] On the outskirts of Shanghai, in a run-down neighbourhood dominated by a 12-storey white office tower, sits a People’s Liberation Army (PLA) base for China’s growing corps of cyberwarriors. The building off Datong Road, surrounded by restaurants, massage parlours and aNYT - 867 words
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Advertisement11 2013-02-20 12 1 www.omy.sg m H mimmmma 1ST m t *r yzone.omy.sg j11 words
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ECONOMY WATCH
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484 2013-02-20 13 ECB head says it must be able to deal with troubled banks independently of national considerations AP [BRUSSELS] European Central Bank (ECB) president Mario Draghi said on Monday that the 17-country eurozone must move swiftly to set up a jointAP - 484 words
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Article, Illustration808 2013-02-20 13 Draghi urges officials not to make alarmist comments on forex movements NYT [BRUSSELS] The president of the European Central Bank sought on Monday to ease fears that countries including Japan were deliberately weakening their currencies and that European exporters were threatened byNYT; PHOTO: AFP - 808 words
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578 2013-02-20 13 Reu ters [MEXICO CITY] Strong spending by Mexican consumers drove an acceleration in Latin America’s sec-ond-biggest economy in the final months of last year but a fall in manufacturing raised concerns about resilience in a key export sector. Mexico’s economy grew twice asReuters - 578 words
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219 2013-02-20 13 Reuters [CAIRO] Egypt’s annual economic growth rate will hit 3 per cent by end-June, below the government’s projected 4 per cent because of political instability, Planning and International Cooperation Minister Ashraf al-Araby said on Monday. In remarks reported by the state news agency, he also saidReuters - 219 words
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845 2013-02-20 13 Going back to free float may trigger economic collapse Bloomberg [REYKJAVIK] Iceland is hinting its currency may be too small to survive in the volatile world left behind by the global financial crisis. Less than five months after Finance Minister Katrin JuliusdottirBloomberg - 845 words
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Advertisement18 2013-02-20 13 Pacify the Raging Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Apology Notices MAraim NOTICES18 words
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WORLD
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750 2013-02-20 14 Talks expected to be tough but common focus on future wealth will help Reuters [LONDON] Forthcoming trans-Atlantic trade talks might offer a fresh incentive for Europe to worry a bit less about protecting past economic gains and focus aReuters - 750 words
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Article, Illustration364 2013-02-20 14 AP [LONDON] British actor Richard Briers, an avuncular comic presence on TV and movie screens for decades, has died at the age of 79. Briers’ agent, Christopher Farrar, said on Monday that the actor died at his London home on Sunday. A formerAP; PHOTO: AP - 364 words
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Article, Illustration744 2013-02-20 14 NYT [PARIS] Citing a Europe-wide recession, France’s Socialist government is moving away from its promise to bring its budget deficit down to 3 per cent of gross domestic product this year, arguing that the recession creates an exceptional circumstance requiring less austerity. “INYT; PHOTO: REUTERS - 744 words
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366 2013-02-20 14 Reu ters [ZURICH] Swiss authorities said on Monday that they have not yet been asked to help a US investigation into alleged insider trading in call options of HJ Heinz Co the day before the company announced it would be sold, evenReuters - 366 words
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814 2013-02-20 14 Some countries may need to go beyond Basel norms, he says Bloomberg [STOCKHOLM] Sweden, home to Europe’s safest banks, says the key to avoiding the next financial crisis is to ignore calls for harmonised capital rules and apply individualBloomberg - 814 words
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Article, Illustration640 2013-02-20 15 ANTHONY ROWLEY - Export growth rate in foreseeable future likely to be only modest: Jetro By ANTHONY ROWLEY in Tokyo JAPAN’S total trade with China dropped by 3.3 per cent to US$338 billion in 2012, marking the first such fall since 2009 as China’s economy slowedPHOTO: AFP - 640 words
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WORLD WATCH
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112 2013-02-20 15 Reuters [MANNHEIM, Germany] German investor sentiment soared to its highest level in nearly three years in February on optimism that the worst of the euro crisis is over, in the latest sign that Europe’s largest economy is bouncing back after a dismal endReuters - 112 words
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129 2013-02-20 15 Reuters [DOHA] Qatar Holding, a unit of the Gulf Arab state’s sovereign wealth fund, will launch a new investment firm worth US$12 billion to purchase assets globally, a top official said yesterday. Qatar Holding vice-chairman, Hussain al-Abdullah, who is also a board memberReuters - 129 words
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100 2013-02-20 15 Bloomberg [LONDON] Lloyds Banking Group Plc was fined £4.3 million (S$8.2 million) by the UK financial regulator for making late compensation payments to customers who were improperly sold payment-protection insurance. Three units of the bank, which has set aside US$8.2 billion for redress,Bloomberg - 100 words
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350 2013-02-20 15 Bloomberg [GENEVA] Novartis AG and outgoing chairman Daniel Vasella have ended an agreement that would have paid him as much as US$78 million to keep him from working for rival drugmakers a payout that unleashed criticism as Swiss voters weigh a referendumBloomberg - 350 words
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362 2013-02-20 15 Reuters AP [BRUSSELS] Robbers dressed as police and armed with machine guns have stolen 120 parcels of diamonds worth millions of dollars from the runway of Brussels Airport in one of the biggest heists the industry has seen. Two vehicles carrying eightReuters; AP - 362 words
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Article, Illustration1025 2013-02-20 16 Observers say he is displaying better ability to govern than his first admin Reuters [TOKYO] Five years after staring into a political and personal abyss, Japanese Prime Minister Shinzo Abe is out to prove that the man who threw in the towelReuters; PHOTO: AFP - 1,025 words
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547 2013-02-20 16 Reuters [FRANKFURT] Vodafone moved closer to a possible 10 billion euro (S$16.5 billion) bid for German cable operator Kabel Deutschland by hiring long-time banker Goldman Sachs to advise on options, a person with direct knowledge of the matter said yesterday.Reuters - 547 words
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325 2013-02-20 16 Reuters [MUMBAI] British Prime Minister David Cameron said that he wants state-controlled Royal Bank of Scotland (RBS) to speed up restructuring and has refused to rule out giving the government’s share in the bank to the public. The government owns 82 per cent ofReuters - 325 words
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Article, Illustration634 2013-02-20 16 King’s son-in-law to be questioned on Saturday AFP [MADRID] Spanish King Juan Carlos’s son-in-law will be questioned this Saturday by a judge investigating a corruption case as press reports make new revelations that cast a growing shadow on the entire royalAFP; PHOTO: AFP - 634 words
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246 2013-02-20 16 Reuters [LONDON] Nestle, the world’s biggest food company, has removed beef pasta meals from sale in Italy and Spain after finding traces of horse DNA. The discovery of horse meat in products labelled as beef has spread across Europe since last month,Reuters - 246 words
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911 2013-02-20 17 The continent’s corporate sector has US$430b of debt due by end of 2014 NYT [LONDON] The steady revival in European stocks is offering hope to the region’s highly indebted companies seeking to raise money on the public markets. AsNYT - 911 words
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Article, Illustration471 2013-02-20 17 AP [NEW YORK] Two major sponsors, Oakley and Nike, distanced themselves from Olympic athlete Oscar Pistorius on Monday after the South African sports star was charged with murder in the shooting death of his girlfriend. Oakley, the eyewear maker, suspended its contract with Pistorius.AP; PHOTO: REUTERS - 471 words
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582 2013-02-20 17 There have been 12 cases worldwide; 5 patients have died Reuters [LONDON] A new virus that emerged in the Middle East last year and has killed five people is well adapted to infecting humans but could potentially be treated with drugsReuters - 582 words
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503 2013-02-20 17 Bloomberg [AMSTERDAM] Japan’s Orix Corp agreed to buy Rabobank Groep’s asset-man-agement unit for 1.94 billion euros (S$3.17 billion) in its largest-ever acquisition. The company will purchase a 90 per cent stake in Robeco Groep NV, while Rabobank will continue to hold 10 perBloomberg - 503 words
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191 2013-02-20 17 Reuters [LONDON] Private banking group Edmond de Rothschild is establishing a merchant banking business here which is set to begin operations this spring, the Financial Times reported on Monday. The company is currently in the process of hiring a team of senior advisersReuters - 191 words
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711 2013-02-20 18 Inflation outlook gives scope to ease policy further, says Australian central bank Bloomberg [SYDNEY] The Reserve Bank of Australia (RBA) said that there are indications that lower interest rates are starting to spur the economy and reiterated that tame prices provide scope to easeBloomberg - 711 words
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629 2013-02-20 18 It’s finding synergies among divisions often at odds NYT [NEW YORK] Several hundred Morgan Stanley retail branch managers descended on the JW Marriott Orlando Grande Lakes resort in Florida early this month for a retreat. They were greeted by an unlikely colleague, ColmNYT - 629 words
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Article, Illustration828 2013-02-20 18 Bloomberg [WASHINGTON] US President Barack Obama’s three-day Florida golf getaway featuring a round with Tiger Woods opened him to criticism of tone-deafness for playing when he’s at a budget impasse with Congress that threatens automatic spending cuts in less than two weeks.Bloomberg; PHOTO: AP - 828 words
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Article, Illustration532 2013-02-20 18 AFP [ROME] Outgoing Premier Mario Monti, who is leading a centrist coalition in Italy’s election race, is a former European commissioner who saved the country from financial crisis but at a steep social cost. Mr Monti was installed by ParliamentAFP; PHOTO: REUTERS - 532 words
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Advertisement166 2013-02-20 15 www.edgefoodtheatre.com III 3, III ■■Ilf S 1/ V <r> r *■> Over 100 top quality items with our best-selling Shabu Shabu, the freshest sashimi, the crispiest tempura, delectable grilled selections more. Eat-all-you-can Buffet Adult $42++ per person Child (under 10 yrs) $10++ per person Available during; Monday to Friday Dinner166 words
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Advertisement568 2013-02-20 17 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PLD GG9 PTE. LTD. (IN MEMBER'S VOLUNTARY LIQUIDATION) (COMPANYREGISTRATION NO. *****501 1M) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies568 words
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Advertisement548 2013-02-20 17 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF MCS CASHMERE PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****8567D) Notice is hereby given that pursuant to Section 308 of the Companies Act (Cap.50), the final general meeting of the Company will be held548 words
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Transport HUB
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Article769 2013-02-20 19 DAVID HUGHES - STRAIT TALK By DAVID HUGHES THE Costa Concordia incident made 2012 a very bad year for the cruise and passenger ship industry. Sadly, this year is already looking like another grim one. A little over a week ago, tragedy struck when five seafarers died when a769 words
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Article242 2013-02-20 19 SGX '000 Feb 19 S$ +/-Vol CH Offshore 0.50 0.01 453 Chuan Hup Hldg 0.29 unch 188 Cosco Corp 0.96 unch 2218 S$ Ezra Hldgs 1.16 unch 3359 First Ship Lea CH Offshore Freight Links 0.01 Grand Banks.............unch unch 0 Jaya Hold Ltd 0.29 K1Ventures 0.17 unch 7850242 words
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Article, Illustration630 2013-02-20 19 AP [ATLANTA] A leak in a fuel oil return line caused the en-gine-room fire that disabled a Carnival cruise ship at sea, leaving 4,200 people without power or working toilets for five days, a Coast Guard official said onAP; PHOTO: REUTERS - 630 words
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596 2013-02-20 19 Bloomberg [LONDON] The glut of grain-carrying Panamax ships is so great that even record cargoes from South America and a 34 per cent surge in freight rates will be insufficient to halt five quarters of unprofitable charters. Earnings from the shipsBloomberg - 596 words
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393 2013-02-20 19 Reuters [NOVOROSSIISK, Russia] The head of Russia’s largest port group denied on Monday claims of mismanagement and underinvestment by shareholder Transneft as the pipeline monopoly prepared to fight fellow shareholder Summa for control of oil export ports. The shareholders’ standoff precedes the state’sReuters - 393 words
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Advertisement18 2013-02-20 19 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements MATS NOTICES 3<18 words
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TRANSPORT HUB: AVIATION
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Article, Illustration800 2013-02-20 20 To open next year, it will bring Star Alliance members under one roof Bloomberg [LONDON] London Heathrow airport is close to completing a £2.5 billion (S$4.8 billion) building project that seeks to boost service standards and repel the challenge ofBloomberg; PHOTO: BLOOMBERG - 800 words
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Article, Illustration479 2013-02-20 20 Reuters [CANBERRA] A decision to start production of Lockheed Martin Corp’s F-35 fighter jet before it was fully tested has driven up the US$396 billion cost of the troubled project and increased risks, the US general heading development of the warplane hasReuters; PHOTO: REUTERS - 479 words
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441 2013-02-20 20 Helmet-mounted displays are being evaluated for use in civil helicopters Bloomberg [LONDON] Helicopter flights through fog, which may have caused a fatal crash here last month, should become less hazardous following development of a helmet that projects information regarding the terrainBloomberg - 441 words
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282 2013-02-20 20 AFP [NEW YORK] US aerospace giant Boeing is considering an interim plan to protect its 787 Dreamliner if its batteries overheat or catch fire, according to a report on Monday in the Seattle Times. Boeing’s flagship new jet has been banned from flightAFP - 282 words
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412 2013-02-20 20 Bloomberg [LONDON] Boeing Co, struggling with the grounding of its 787 Dreamliner, is facing a possible strike by union engineers, threatening even more upheaval as it tries to fix the plane and resume deliveries. Voting was to end later last night forBloomberg - 412 words
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Page 20 Miscellaneous
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Miscellaneous384 2013-02-20 20 CRYPTIC CROSSWORD Across 1 A chart devised about origin of rheumatic cold (7) 5 People out for traditional breakfast fare (7) 9 Regular pair of educational settings? (7) 10 Botanist’s first walk for pleasure to get prickly plant (7) 11 Titled figure heard with driver, say, in place of entertainment384 words
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TRANSPORT HUB: LAND
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714 2013-02-20 21 Motherson looks overseas for growth as vehicle deliveries at home slow down Bloomberg [MUMBAI] Motherson Sumi Systems Ltd, India’s biggest auto parts maker, is targeting emerging markets including Brazil and China to meet its US$5 billion sales target as vehicle deliveries atBloomberg - 714 words
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Article, Illustration676 2013-02-20 21 Bloomberg [BERLIN] Bayerische Motoren Werke (BMW) AG will harness winds whipping across eastern Germany to secure power and defend profits as costs rise because of the country’s 550 billion euro (S$910 billion) shift away from nuclear energy. FourBloomberg; PHOTO: REUTERS - 676 words
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424 2013-02-20 21 Hybrid maker Fisker weighs two bids from China suitors worth US$200-$300m Reu ters [BEIJING] China’s Zhejiang Geely Holding Group is favoured to secure a majority stake in troubled US electric carmaker Fisker Automotive, according to two sources familiar with Fisker’s search forReuters - 424 words
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Article, Illustration528 2013-02-20 21 Bloomb erg [SHANGHAI] Nissan Motor Co’s luxury Infiniti unit says it is targeting to turn profitable in the next 3-4 years as it begins production in China and introduces entry-level vehicles to attract customers. Infiniti, which last year relocated its headquarters to Hong KongBloomberg - 528 words
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Advertisement709 2013-02-20 21 notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices 77 THE MONETARY AUTHORITY OF SINGAPORE APPLICATION FOR TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS Approximately 30 Years SGD 1,200,000,000 SGD 1,000 SGD 100,000,000 NA*****N (Reopened) SG********** 01 March 2013 01 April 2042 2.750% p.a. To be determined at the auction 01 October and 01709 words
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EDITORIAL & OPINION
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487 2013-02-20 22 EDITORIAL NORTH-EAST Asia as it is today and what it could be are two very different things. A region of immense riches in terms of its natural and human resource endowments, huge populations and markets, and long-estab-lished and sophisticated cultures is being denied its487 words
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840 2013-02-20 22 DAVID BROOKS - THE BOTTOM LINE By DAVID BROOKS NYT NOT long ago, I was at a dinner with the chief executive of a large bank. He had just had to decide whether to pull out of Italy, given the weak economy and theNYT - 840 words
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Article, Illustration1075 2013-02-20 22 JOMO KWAME SUNDARAM - Developing countries’ leaders must design policies that are operable, buoyant and stable By JOMO KWAME SUNDARAM The writer is UN Assistant Secretary-General for Economic Development and G-24 Research Coordinator Project Syndicate AN effective tax policy that ensures adequate domestic revenue is aProject Syndicate; PHOTO: AFP - 1,075 words
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Article, Illustration1785 2013-02-20 23 JOERGEN OERSTROEM MOELLER - Four Nordic countries, with Denmark in the lead, are showing that the social welfare system should not be vilified By JOERGEN OERSTROEM MOELLER The writer is visiting senior research fellow, Institute of Southeast Asian Studies, Singapore, and adjunct professor, Copenhagen Business School and Singapore ManagementPHOTO: AFP - 1,785 words
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Article, Illustration750 2013-02-20 23 SATISH SHANKAR, SUVIR VARMA - By SATISH SHANKAR, SUVIR VARMA The writers are partners at Bain Co’s Singapore office, and heads of M&A practice in Asia and private equity practice in Asia respectively STRATEGIC merger and acquisition (M&A) activity in the Asia-Pacific region has takenPHOTO: BLOOMBERG - 750 words
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Article2898 2013-02-20 24 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New2,898 words
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Advertisement42 2013-02-20 24 shfp maintenance rvices wanted. Can -they find your services here in -the Shipping Times? TO ADVERTISE. CALI IOE WO IMG AT 9620 1327 THE BUSINESS TIMES Shipping Times Shippers looking for Warehouse Can they find your services here in the Shipping Times?42 words
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Advertisement18 2013-02-20 24 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times18 words
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Advertisement143 2013-02-20 25 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 I FREIGHT FORWARDER urgently needed by shippers 1 Can they find your services here in the Shipping Times? The Business Times TO ADVERTISE, CALL JOE143 words
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Advertisement15 2013-02-20 25 *{\(]:$@&_@$<|/|;!+_+<<}!-(^)~] TO ADVERTISE IN The Business Times IML UUJIMLJJ I IIVILJ Shipping Times CALL JOE WONG15 words
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SINGAPORE STOCKS
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Article3209 2013-02-20 26 Transaction date: Feb 19 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote ('000) High Low Buyer Seller 164 104.5 AIMSAMPIReit --AAT Net P/E M Cap3,209 words
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Article226 2013-02-20 27 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 4.6 1.3 t Advanced System 2 unch 9520 2.1 2 2 2.1 29.8 Last Quote Div Gr Yld Net M Cap High226 words
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Article10621 2013-02-20 27 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.42/ Aberdeen Asset Mgt Asia Limited 1.14/ Asian Local Ccy SD Bond EM Local Ccy Bond Asian Smaller tos'* 1.0022/ Global Emerging Markets!** EM local Ccy Bond 1.0153/ European Opportunities 1 1 1337/ Global Emerging10,621 words
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Article258 2013-02-20 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 25.5 AVJennings A39 unch 41 39 39 39 40 3.6 9 3.1 101.6 45 30 Genting HK US$ US44 +1.5 ***** 44 43 43.5 44 2897.2258 words
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Article932 2013-02-20 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 135.9 120.4 CIMB APAC Div 100S$D 135.8 135 135.9 111.7 95.8 CIMB APAC Div 100US$ US108.8 108.6 109.6 11.4 1399 1246 CIMBASEAN40 100S$D 1395 -4932 words
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FINANCE & COMMODITIES
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Article638 2013-02-20 28 Feb 19 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.45 *****.86 *****.45 Mar13 *****.00 *****.00 *****.00 *****.00 *****7 *****6 Jun13 *****.00 *****.00 *****.00 *****.00 314 ***** MSCI TAIWAN INDEX FUTURES SPOT 286.91 287.89 286.29 Feb13 286.60 287.40 286.30 287.10 ***** *****3 Mar13 286.40638 words
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373 2013-02-20 28 In local curr In S$ In US$ dy yr dy yr dy yr Feb 18 Index Change Change Change Change Change Change World Preliminary 998.1 0.2 6.4 0.2 6.8 0.1 5.2 EAFE Preliminary 825.5 0.4 6.6 0.4 5.5 0.3 4.0 Europe Preliminary 1201.5 -0.1 4.7373 words
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Article470 2013-02-20 28 Feb 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.044 6.449 0.774 8.010 56.094 100.212 0.966 11.166 3.201 1.224 101.374 41.965 1.279 9.226 0.954 30.586 30.862 0.667 1.033 Canada 0.958 6.176470 words
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Article68 2013-02-20 28 Feb 19 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid68 words
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Article134 2013-02-20 28 Feb 19 GOLD(US$/oz) Feb 18 Feb 19 Hong Kong 1625.80 1626.00 Feb 15 Feb 18 London 1605.92 1607.55 1606.78 1608.35 Source: Thomson Reuters CAST BAR Feb 19 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 145 64 5gm 411 322 10gm 733 644134 words
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Article88 2013-02-20 28 Feb 19 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 16-May-13 0.26 6-Month BS*****S 12-Aug-13 0.26 1-Year BY*****X 01-Nov-13 0.28 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 5-Year N*****0Z 2.375 01-Apr-17 107.7588 words
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Article57 2013-02-20 28 Feb 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 13 2503.0 2506.0 2510.0 2488.0 300 7525 Apr 13 2525.0 2542.0 2548.0 2525.0 8596 ***** May 13 2551.0 2566.0 2575.0 2550.0 ***** ***** Jun 13 2583.0 2586.057 words
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Article154 2013-02-20 28 Feb 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2790 1.2796 1.0328 1.0329 Canadian dollar 1.2247 1.2256 0.9893 0.9889 Euro 1.6520 1.6527 1.3340 1.3341 NZ dollar 1.0450 1.0457 0.8438 0.8441 Sterling pound 1.9167 1.9177 1.5477 1.5480154 words
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Article108 2013-02-20 28 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 2013-02-20 28 Feb 18 COCOA (£/tonne) Close Prev High/Low Mar 13 1400 1409 1419/1399 May 13 1409 1418 1427/1408 Jul 13 1420 1430 1439/1418 Sep 13 1429 1439 1445/1428 COFFEE(US$/tonne) Close Prev High/Low Mar 13 2019 2022 2042/2014 May 13 2057 2057 2078/2052 Jul 13 2069 2068 2081/2060 Sep 13 207780 words
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884 2013-02-20 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 Conv AlliedTech W*****2 Exer Asiatravel.com HoldingsW*****7 4 1 25 17 Asiatravel.com HoldingsW*****5 4 1 27 41 Disc Best World Intl Ltd W*****5 6.5 1 30 90 2.95 5884 words
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Article70 2013-02-20 28 CRUDE OIL PRODUCTS Feb 18 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 117.41 0.40 WTI (Near Mth) 95.55 -0.39 Dubai (1-Mth F) 113.12 -0.06 Tapis blend 124.00 0.08 Minas 120.50 0.08 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 114.72 -2.28 Jet Kerosene 136.03 -0.35 US$/barrel OpecOil Basket70 words
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Article22 2013-02-20 28 Feb 19 S$ Bid Offer 1-month 1.2384 1.2388 2-months 1.2384 1.2389 3-months 1.2384 1.2389 6-months 1.2384 1.2389 Source: OCBC22 words
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Article65 2013-02-20 28 Feb 18 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2077.00 2127.25 3 months 2117.00 2168.00 Copper, Grade A(US$/tonne) Cash 8085.25 8172.00 3 months 8119.00 8206.00 Lead(US$/tonne) Cash 2370.75 2420.75 3 months 2390.50 2435.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months65 words
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Article121 2013-02-20 28 As at 9am Feb 19 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.307 1.245 Can dollar 1.255 1.196 Euro 1.694 1.614 Sterling pound 1.955 1.880 NZ dollar 1.082 1.021 US dollar 1.265 1.205 Local dollars to 100 units of foreign121 words
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Article157 2013-02-20 28 Feb 19 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ 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 0.75 0.55 12157 words
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executive Money
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Article, Illustration1462 2013-02-20 30 Philippine Stock Exchange Index now Asia’s most expensive in what is seen as an Aquino-led rally Bloomberg THE world’s biggest equity bull market is propelling Philippine valuations to all-time highs as international investors pile into the country’s stocks in an endorsement of President BenignoBloomberg; PHOTO: AFP - 1,462 words
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Article, Illustration1026 2013-02-20 30 It is in talks to invest in some three development projects; sees first agreement by end-June Bloomberg [SYDNEY] Lend Lease Group, Australia’s biggest developer, plans to expand in Malaysia to make up for a slowdown in residential sales and mining-related infrastructure projectsBloomberg; PHOTO: AFP - 1,026 words
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334 2013-02-20 30 Bloomberg [SINGAPORE] Martin E Zweig, who predicted the 1987 stock market crash and whose newsletters influenced American investors for a quarter century, died yesterday, according to his New York-based firm. He was 70 or 71. The Cleveland native wrote Winning on Wall StreetBloomberg - 334 words
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Article, Illustration1351 2013-02-20 29 BENJAMIN YEO, EDDY LOH - With few indications that the country is overcoming its long-term challenges, BENJAMIN YEO and EDDY LOH caution against being overexposed to that market BENJAMIN YEO, EDDY LOH Benjamin Yeo is head of Investment Strategy, Asia at Barclays; and Eddy Loh is equity strategist forSource: Barclays, Cabinet Office; Source: Bloomberg - 1,351 words
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Article, Illustration412 2013-02-20 29 Bloomberg [LONDON] THE first billionaires from outside the US yesterday announced they would donate at least half of their wealth to philanthropy, joining the Giving Pledge initiative started by Warren Buffett and Bill and Melinda Gates. The 12 new signatories include UK entrepreneur Richard Branson,Bloomberg; FILE PHOTO: REUTERS - 412 words
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843 2013-02-20 29 DAVID LOMAS - They need to step outside their comfort zone of traditional fixed-income assets if they want to enhance return prospects By DAVID LOMAS David Lomas is the head of BlackRock’s Global Financial Institutions Group AS WE move into the new year and closer to full843 words
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