Monday, February 25, 2013

Market Daily -- 25th Feb 13

8. Singapore Deputy PM: To Give Special Corporate Income Tax Rebate for 2013-2015
Singapore Deputy PM: To Exclude New Property Developers From Start-Up Tax Exemption
Singapore Deputy PM: To Exclude Investment Holding Firms From Start-Up Tax Exemption
Singapore Deputy PM: To Raise Property Tax Rates on High-End Homes
Singapore Deputy PM: Tax Hikes Will Be Steepest for Investment Properties
Singapore Deputy PM: New Property Tax Structure to Be Introduced From Jan 1, 2014
Singapore Deputy PM: To Give Personal Income Tax Rebate for Year of Assessment 2013
Singapore Deputy PM: Overall Budget Balance for FY2013 Seen at S$2.4B

7. Singapore Tharman: FY2012 Budget to Have Bigger Surplus Vs Previously Estimated
Singapore Tharman: FY2012 Budget Surplus at S$3.9 Bln
Singapore Tharman: Expect 2013 Economic Growth to Remain Modest
Singapore Tharman: Rising Costs Remain Concern for Businesses, Households
Singapore Tharman: Will Selectively Lower Foreign-Worker Dependency-Ratio Ceilings
Singapore Tharman: Will Raise Foreign-Worker Levies for All Sectors
Singapore Tharman: Sharper Levy Increases for Firms Most Dependent on Foreign Labor 
Singapore Tharman: Significant Levy Increases for Less-Skilled Workers
Singapore Tharman: Won't Raise Levies Further for Skilled Workers in Most Sectors 
Singapore Tharman: Can't Cut Flow of Foreign Labor Abruptly
Singapore Tharman: Have to Slow Down Growth of Foreign Workforce

6. Wilmar International Target Raised To S$3.70 From S$3.50 -DB

5. Singapore Jan CPI +3.6% On Year; DJ Poll Tipped +3.9%
Singapore Jan Transportation Prices +8.5% On Year
Singapore Jan Housing Costs +4.4% On Year
Singapore Jan Food Prices +1.0% On Year

4. Wilmar International Target Raised To S$3.81 From S$3.38 - CS

3. Genting Singapore Target Raised To S$1.80 From S$1.60 - Citi

2. M1 Raised To Buy Vs Neutral, Target To S$3.05 Vs S$2.70 - Citi

1. The Dow Jones industrial average .DJI gained 119.95 points, or 0.86 percent, to 14,000.57 at the close. The Standard & Poor's 500 Index .SPX rose 13.18 points, or 0.88 percent, to 1,515.60. The Nasdaq Composite Index .IXIC added 30.33 points, or 0.97 percent, to end at 3,161.82.