The Business Times, 23 November 2009

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Total Pages: 29
1 29 The Business Times
  • 23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg Sp!i A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Monday, November 23,2009
    23 words
  • 616 1  -  CHEN HUIFEN First time such a project driven by private sector and Chinese govt By [SINGAPORE] A group of Singapore-based small and medium-sized enterprises (SMEs) has found itself in the frontline to help Hangzhou develop a multi-billion-dollar eco-park, making it the first major project
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  • MARKETS DIGEST
    • 51 1 Weekly 2,761.54 hange +34.31 iT Index 1 COMP 1,274.36 +3.40 IIKKEI225 9,497.68 -272.63 1ANG SENG 22,455.84 -97.79 SET INDEX 695.25 -3.08 JAKARTA COMP 2,487.36 +60.56 1ANILA COMP 3,068.73 +34.41 ;eoulcomp 1,620.60 +48.61 iHENZHEN B 636.30 +13.49 IUMBAI IND 17,021.85 +173.02 )OW 10,318.16 +47.69 IASDAQ 2,146.04 -21.84 ;&P 500 1,091.38
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    • 30 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 15.810 TAIWAN 4.696 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.52 INDIA 11.75 Source: L
      Bloomberg  -  30 words
    • 46 1 IS$ (S$ ier US$) 1.387 (US$/S$ per 1.662 2.305 lURO (US$,S$/E) :oreign currency r. 1.491 2.068 per US$, S$ 'EN 88.80 64.10 3.392 2.445 IK$ 7.750 5.588 !AHT 33.21 23.94 lUPIAH 9,460 6,820 1ENMINBI 6.828 4.923 INDIAN RUPEE 46.64 33.62 1.089 0.785 IZ$ 1.370 0.987
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  • 792 1  -  OH BOON PING By [SINGAPORE] The market for convertible bonds is back. In recent months, Asia has attracted a wave of capital raising via the hybrid debt route as investors' risk appetite returned. In Singapore, Ezra Holdings launched a US$lOO million convertible bond
    Barclays Capital  -  792 words
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  • Page 1 Miscellaneous
    • 91 1 DINING OUT T3^^ PROPERTY COMMENTARY BizlT \*XImperial Treasure mM p Subsales in past 2 quarters Need to restore confidence Salesforce.com mulls pleases again j^^ among highest since 1995 in Iskandar authority Spore development unit PAGE 23 PAGE 2 PAGE 14 PAGE 30 V'l VIEWS FROM THE TOP v\!/^ Did the
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  • TOP STORIES
    • 1029 2  -  KALPANA RASHIWALA Completion of large condo projects near MRT stations helps to boost demand By [SINGAPORE] The number of subsales in the second and third quarters of this year were among the six highest quarterly figures since 1995 reflecting the build-up
      Savills Research & Consultancy, URA Realis, Nov 17, 2009  -  1,029 words
    • THREE-MINUTE DIGEST
      • 69 2 A GROUP of Singapore-based small and medium-sized enterprises has found itself in the frontline to help Hangzhou develop a billion-dollar eco-park, making it the first major project in China that is initiated by the private sector here. Estimated to cost some
        69 words
      • 73 2 THE market for convertible bonds is back. In recent months, Asia has attracted a wave of capital raising via the hybrid debt route as investors' risk appetite returned. In Singapore, Ezra Holdings launched a US$lOO million convertible bond issue that was well received
        73 words
      • 83 2 THE number of subsales in the second and third quarters of this year were among the six highest quarterly figures since 1995 reflecting the build-up in subsale activity that led to the government announcing cooling measures on Sept 14. The completion
        83 words
      • 59 2 A MUCH-AWAITED first amendment of fair value accounting was released and promptly rebuffed last week, dealing a heavy blow to improvements in the accounting standard. A key European Commission advisory panel refused to endorse the first phase of reform of financial instruments issued by
        59 words
      • 55 2 THE manager of MacarthurCook Industrial Reit issued a statement yesterday seeking clarifications from two directors of Cambridge Industrial Trust. MacarthurCook Investment Managers Asia, MI-Reit's manager, spelt out the potential conflicts of interest facing lan Smith and John Wood, two non-executive directors of ClT's
        55 words
      • 70 2 A WAVE of capital controls being imposed by emerging economies to prevent hot money flooding their markets may well prompt global investors to think twice before extending already stretched bets on the developing world. The official concern is that near-zero Western interest
        70 words
      • 81 2 ENVIRONMENTALISTS claimed a small victory last week after Indonesia ordered one of the country's biggest pulp and paper companies to halt forest clearing in the Kampar Peninsula. Forestry Minister Zulkifli Hasan said he had ordered Asia Pacific Resources International Holding Limited to suspend clearing
        81 words
      • 72 2 IN A move to break into one of the hottest technology segments today, local IT services company NCS has minted a cloud computing services practice. The Singapore vendor has rolled out the service here and will launch it in Australia
        72 words
    • 834 2  -  ANDREW MARKS WALL STREET INSIGHT in New York FOR investors caught on the fence over whether stocks have more room to run in the final weeks of the year after eight months worth of bullishness and 60 per cent worth of gains
      834 words
    • 308 2 -AP [NEW YORK] The shimmering, white glove that Michael Jackson wore when he premiered his trademark moonwalk dance in 1983 was auctioned off for U*****,000--plus tax. Winning bidder Hoffman Ma of Hong Kong will pay U*****,000, including taxes and fees, for the rhine-stone-studded,
      -AP; IBM AP, AFP PHOTOS  -  308 words
    • 754 3  -  NISHA RAMCHANDANI How S'pore hotels pulled out all the stops to give leaders a pleasant taste of Apec By [SINGAPORE] Hotels in Singapore pulled out all the stops last week for the world leaders who were in town for the Apec meetings, ensuring that every
      754 words
    • 835 3  -  MICHELLE QUAH By [SINGAPORE] A muchawaited first amendment of fair value accounting was released and promptly rebuffed last week, dealing a heavy blow to improvements in the accounting standard. A key European Commission advisory panel refused to endorse the first phase of reform of
      835 words
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    • 33 2 |?V Ministry of Cooperatives and Small and Medium Enterprises Republic of Indonesia TRADING BOARD <S>Ahe Place to Explore f Indonesian l^3^|otic and Unique Products Furniture, Garment, Handycraft, Leather, Bag Footwear, Accessories, Houseware, Agriculture
      33 words

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  • SINGAPORE MARKETS
    • 666 4  -  R SIVANITHY STOCKS Formerly heavily traded penny stocks seem to have faded completely from the market LAST week's column advised readers not to stray too far away from the large caps because of all the "haves" in the market that include
      666 words
    • 475 4 COMMODITY WATCH CAN gold sustain its upward momentum and race towards new highs? Gold rallied to a record high of U551,145.75 an ounce as of Nov 19, rising almost US$ll5 or 11 per cent from its previous high of US$l,O3O set on March 17,
      475 words
    • 588 4 AFP CURRENCIES [HONG KONG] The US dollar picked up against most Asian currencies during the week as concerns about the global recovery saw dealers move into safer currencies such as the greenback and Japanese yen. Japanese yen: The yen lifted against the dollar
      AFP  -  588 words
    • 1477 4 Company name Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price Allgreen Properties Ltd 1.91 2.09 11 8.30 13.74 1.34 1.15 ARA Asset Mi jt Ltd 2.00 2.00 8.05 10.25 1.07 0.84 Armstrong Industrial Con Ltd 1.00
      1,477 words
    • 4 4 WEEKLY
      4 words
    • 62 4 Nov 20 VALUE CLOSE IT OB/OS 145.00 -66.0C IT CADI -*****.00 -8.0i IT 10-day MA -*****.00 +14.0i TSE ST Mid Cap 635.09 +0.4! TSE ST Small Cap 517.25 +1.31 TSE ST All Share 676.00 +0.6 TSE ST China Top 264.94 +1.7' TSE ST China 284.99 -0.2. TSE
      62 words
    • 55 4 VOLUME Yinq Li 549,660,000 Gentinq SP 390,226,000 Golden Aqri 273,290,000 Yanqzijianq 209,510,000 SingTel 98,897,000 Compact 98,259,000 Teledata 92,111,000 China Milk 85,327,000 CapitaLand 83,994,000 Transcu Grp 80,155,000 VALUE($) DBS Grp 467,966,682 Gentinq SP 431,620,670 UOB 350,496,249 CapitaLand 348,071,276 Yinq Li 345,235,905 SingTel 290,797,287 OCBC Bk 245,449,861 Yanqzijianq 238,965,230
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    • 103 4 CLOSE UP ***** 480.9 3.2 LD 10US$ IBXTDJE50 10US$ 4468 335.4 5.7 iBXT Ni 10US$ ***** 241.2 1.6 iBXT MSKorea 10US$ 4520 231.5 3.8 iBXT FTVietnam 10US$ 5392 134.4 1.8 iBXT MSAsExJl 10US$ 2803 117.8 3.1 ISH 1800 116.4 4.9 IMH 3048 108.1 2.6 iTXPO 100 1436 100.0 7.5
      103 words
    • 128 4 Closing prices are in trading currencies, but absolute difference is in S$. CLOSE DOWN 8204 -36.0 -0.4 OCC3.93% NCPS10 ir China H 10US$ 1721 -29.1 -1.2 HK Land 465 -23.6 -3.5 India Ni 10 1487 -21.0 -1.. DBXT S&P Short 10US$ 5562 -19.4 -0.3 Venture Con 863 -17.0 -1.9
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    • 82 4 Nov 20 CHNG CLOSE FRNOV19 YR2009 S$ LOW S$ HIGH USS 1.3884 0.10 1.5579 1.3833 Euro 2.0648 0.07 2.0952 1.9150 Pounds 2.2988 0.90 2.4366 2.0356 AS 1.2690 -0.12 1.2942 0.9453 Yen* 1.5622 -1.10 1.7278 1.4831 Rill liah* 0.***** -0.48 0.***** 0.***** Baht* 4.1763 0.28 4.3390 4.1040 Peso* 2.9496 0.10
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    • 1442 8  -  TEH HOOI LING EQUITIES generally remained firm last week. Four of our six portfolios advanced. The median gain was 2 per cent, compared with 1.3 per cent for the blue-chip Straits Times Index. Our one-year top losers' portfolio again saw the biggest rebound. It
      1,442 words
    • 1253 8  -  ROBERT HALILI INSIDE MARKETS By THE buying by directors rose for the second straight week with 20 companies that recorded 34 purchases worth $4.6 million based on filings on the Singapore Exchange in the third week of November. The figures were up
      1,253 words
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  • COMPANY NEWS
    • 655 5  -  CHEN HUIFEN It points out potential conflicts of interest as the two linked to NAB lender to both Reits By THE manager of MacarthurCook Industrial Reit (MI-Reit) issued a statement yesterday seeking clarifications from two directors of Cambridge Industrial Trust (CIT). MacarthurCook Investment
      655 words
    • 839 5  -  CHEWXIANG EGM WATCH CIT looks even poorer, having bet on an unwinnable gamble By NOBODY looks pretty after a fight. Two Reit managers, Cambridge Industrial Trust Management (CITM) and MacArthurCook Investment Managers (MIM), have been battling for control of MacArthurCook Industrial Reit ahead
      839 words
    • 794 6  -  R SIVANITHY HOCK LOCK SIEW T wouldn't be in the least bit surprising if the institutions which subscribed to China property developer Ying Li's placement last week were less than happy with post-subscription events. No, we're not referring to the subdued share performance since placement,
      794 words
    • 770 6 Legends USS; Rmb; HKS; A) AS; Pound; Rupiah; Yen; Euro; AA) Baht; RM; Peso; AAA) Rs; NTS; (ad) Capital; (ac) Cash/Bonus; (ag) Dividend/Distribition; (ai) To be announced; (aj) Final Tax Exempt; (ak) Final Tax Exempt (One Tier); (an) First and Final Tax Exempt (One Tier); (ao) Income; (ap)
      770 words
    • 273 6 Datapulses Tech A E River View Hotel, Lily Ballroom, 382 Havelock Road, 2.00pm Singapore *****9 23-Nov 2.15pm Ezion Hldgs E No. 87 Science Park Drive, Science Hub, Portsdown Room Level 1, Singapore Science Park I, Singapore *****0 23-Nov 10.00am MI-REIT E Vanda Ballroom, Level 5, Marina Mandarin Singapore,
      273 words
    • 367 6  -  OH BOON PING No sustainable economic expansion for support By THE bear market may be over, but Morgan Stanley does not see catalysts that could trigger a multi-year bull run. Speaking to the media last week, its global macro strategist Gerard Minack said
      AP  -  367 words
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      432 words

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    • 688 7 Important Notice: MI-REIT has an EGM on Monday, 23 November 2009, at Vanda Ballroom, Level 5, Marina Mandarin Singapore, which is critical to: MI-REIT meeting its substantial and immediate funding obligations Providing a stronger platform for MI-REIT to provide a safe and secure investment for you; and If the resolutions
      688 words


  • SINGAPORE NEWS
    • 396 9  -  CHEN HUIFEN Interest rising as world economy recovers, boosting Mice industry By AHEAD of its soft opening early next year, Resorts World Sentosa (RWS) said that it has confirmed 30 event bookings, a number of which are major international meetings that
      396 words
    • 192 9 THE recent economic slump and HINI virus scare are no obstacles to Singaporeans' generosity. The 100 teams at this year's Citibank-YMCA Youth For Causes have proven that by raising a record-breaking $672,000 collectively after four months offundraising through street sales, walkathons, concerts and a multitude of
      192 words
    • 335 9  -  ARTHUR LEE By THE green patch above Raffles Place MRT Station was awash in a sea of yellow yesterday afternoon as acts of charity led to hundreds of sunflowers planted at the open space. Also out in force were about 2,500 people decked out
      ARTHUR LEE  -  335 words
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  • VIEWS FROM THE TOP
    • 3888 10 THIS WEEK'S TOPIC Did the Apec Summit succeed in addressing the most important economic and business issues? How important to Singapore and the region was it to have the Apec Summit held here? Wee Piew CEO HG Metal Manufacturing Ltd I THINK the main achievement for the Apec
      AP; „  -  3,888 words

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  • 849 12  -  JILLNG Environmental issues were the focus at the Asian Business Case Competition By E LIVE in a world of escalating conflict between current demands on our environment and public concerns about the future impact on this environment. As a student, I see many ways
    849 words
  • 754 12 CAMPUS LIFE Over 50 per cent of SIM ARS programme's first batch of graduates are gainfully employed AT first glance, Aaron Isaac will probably strike you as the typical boy next door. But this indomitable individual is quite the over-achiever. From stockmarket investments to
    754 words
  • 204 12 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
    204 words
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    • 46 12 citibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
      46 words

  • ECONOMY WATCH
    • 850 13 -Reuters ANALYSIS Inflows into equities of these economies this year already at record highs: EPFR [LONDON] A wave of capital controls being imposed by emerging economies to prevent hot money flooding their markets may well prompt global investors to think twice before
      -Reuters  -  850 words
    • 345 13 Reuters [SEOUL] South Korea's top state-run research agency called on the authorities yesterday to gradually exit from emergency policy measures, predicting the economy would grow in 2010 at its fastest pace in eight years. The Korea Development Institute (KDI) forecast Asia's
      – Reuters  -  345 words
    • 373 13 -AFP Growth of 8.5% in 2009, double-digits in 2010: think-tank [BEIJING] China's economy could grow by over 10 per cent in the fourth quarter of this year, spurred by massive investment and rising consumption, the state press said on Sunday, citing a top
      -AFP; AFP  -  373 words
    • 521 13 Bloomberg [NEW YORK] Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co (Pimco), said that Chinese growth is likely to be hurt by an absence of consumer demand from trading partners such as the US. "The
      – Bloomberg  -  521 words
    • 739 13 Reuters Analysts cite good earnings, improving economic data [LONDON] European equities have a lot more ammunition to fire next year even after an eight-month bull run to new highs, as improving economic data and impressive earnings in the third quarter tempt
      – Reuters  -  739 words
    • 400 13 Bloomberg It'll now require two ratings for assetbacked securities [FRANKFURT] The European Central Bank (ECB) tightened the rules for the collateral it accepts against loans as it tries to restore the "proper functioning" of markets and prepares the ground to unwind emergency
      – Bloomberg  -  400 words

  • MALAYSIA/INDONESIA
    • 675 14  -  PAULINE NG MALAYSIA INSIGHT Frequent change of chief exec is alarming and must be disconcerting for potential investors THREE chief executives in the space of three years. The attendant publicity that comes with such high-profile changes surely isn't what Malaysia would have wished
      675 words
    • 313 14 AFP [JAKARTA] Environmentalists claimed a small victory last week after Indonesia ordered one of the country's biggest pulp and paper companies to halt forest clearing in the Kampar Peninsula. Forestry Minister Zulkifli Hasan told reporters he had ordered Asia Pacific Resources International Holding Limited
      AFP  -  313 words
    • BRIEFLY ASIA
      • 133 14 ■AFP [JAKARTA] Twenty-one people were killed and another 232 were plucked to safety after a ferry sank in heavy seas off Indonesia's Sumatra island yesterday, an official said. The 147-tonne Dumai Express was sailing from Batam island to Pekanbaru when it went down in
        ■AFP  -  133 words
      • 97 14 -AFP [TAIPEI] Information from the Swiss authorities indicates that the son of Taiwan's convicted ex-president played a "leading role" in laundering US$2l million, a newspaper reported yesterday. Chen Chih-chung was convicted of money laundering and sentenced to jail in September, alongside his father Chen Shui-bian,
        -AFP  -  97 words
      • 91 14 Reuters [HEGANG, China] The death toll from China's latest coal mine disaster reached 87 as hopes dimmed yesterday that more survivors would be found a day after a gas blast at a colliery in the country's icy far northeast. Xinhua news agency reported
        ■ Reuters  -  91 words
    • 258 14 ■AFP [KUALA LUMPUR] Malaysia's finance ministry has issued a commercial banking licence to China's largest bank, the country's central bank announced last Friday. The licence for the Industrial and Commercial Bank of China Limited (ICBC) follows the signing of an arrangement between the China Banking
      ■AFP  -  258 words
    • 2048 14 IOV20 RM Cooo] \&M Realty 0.60 0.20 advance Synergy 0.15 ViventaBhd 2.31 VsMuIti Hldgs 0.30 Win Holdings 2.38 \hmad Zaki Resou ....0.96 We Corp 0.40 Mrasia Bhd 1.28 \kn Technology 0.13 alliance Financi 2.82 aluminium Co 1.12 Amalgamated Ind ....0.47 Vnmb Hldgs Bhd ....5.10 Vntel Holdings 0.54 \mway
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  • INDIA
    • 366 15 Bloomberg Acquisition would help Reliance expand its customer base beyond Asia [NEW DELHI] Reliance Industries Ltd, owner of the world's largest oil-refining complex, made a cash offer on Saturday to buy a controlling stake in closely held Lyondellßasell Industries AF, the bankrupt chemicals and
      Bloomberg  -  366 words
    • 484 15 Reuters [NEW DELHI] The routine reopening of India's parliament has suddenly emerged as an awkward test for the Congress-led government's ability to push reforms such as price deregulation in the face of opposition from its rural base. Tens of thousands of farmers from Uttar Pradesh
      Reuters; AFP  -  484 words
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  • GREATER CHINA
    • 721 17 Bloomberg Sands China will open most of its stalled resort in Macau by Dec 2011 [HONG KONG] Sands China Ltd and its parent Las Vegas Sands Corp, the casino company controlled by billionaire Sheldon Adelson, raised HK$l9.4 billion (553.4 billion) in a Hong Kong
      Bloomberg; AFP  -  721 words
    • 875 17 -Reuters [BEIJING] Lorry driver Zhang Jianwei isn't worried about cleaner fuel requirements that come into force in China next year, raising the price of motor fuels he will just keep buying cheaper, dirtier diesel at smaller stations. Mr Zhang's example underscores
      -Reuters; AFP  -  875 words
    • 425 17 Reuters [HONG KONG] The launch of 3G in China and India by the likes of China Mobile and Bharti Airtel could boost wireless broadband worldwide, sparking a boom in new offerings as millions of users sign up for services. The move
      Reuters  -  425 words
    • 249 17 AFP [BEIJING] A Chinese legislator fed up with lavish banquets and official wining and dining has proposed making the "squandering of public funds" a crime, state press said yesterday. "Public spending on eating and drinking is a waste of social assets," Zhao Linzhong, a
      AFP  -  249 words
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    • 85 18 -msm fcr^l'a J~rt THE BEST r~"«Jfe my paper w «s Jgm It's an Fl cop-out W ■(^#M)JiMIuJ More BUSINESS I, accentuated with fffCpA f~g g fs? The all-new my paper now brings you even more global, local, business m M and financial news to fit your professional work life while
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  • ASIA-PACIFIC/WORLD
    • 689 19 Reuters Democrats deliver 60 votes to back a procedural motion to open debate on the bill [WASHINGTON] A sweeping healthcare overhaul narrowly cleared its first hurdle in the US Senate on Saturday, with Democrats casting 60 par-ty-line votes to open debate on the
      ■ Reuters  -  689 words
    • 826 19 -IHT [BERLIN] The luxury goods industry, struggling through a recession that has threatened some well-known names with extinction, is trying to cast off the kid gloves that have hampered its efforts to get a grip on technology. Because of continuing legal battles over
      -IHT; BLOOMBERG  -  826 words
    • 398 19 Bloomberg [CHARLOTTE, North Carolina] Bank of America Corp's board may extend its search for a new, permanent chief executive officer into next year if directors can't settle on a candidate in the next four days, according to people familiar with the matter. The directors, who
      – Bloomberg  -  398 words
    • 257 19 -AFP [PARIS] Buyers from Asia purchased all but one of the top 10 priciest items at the sale of the last belongings of late couturier Yves Saint Laurent and his partner Pierre Berge, Christie's said last Friday. As the four-day sale wound up, the
      -AFP; BLOOMBERG  -  257 words
    • 382 19 Reuters [TOKYO] The issuance of new Japanese government bonds (JGB) and refunding bonds combined are likely to hit a record high above 140 trillion yen (552.18 trillion) next fiscal year, the Nikkei business daily said yesterday. Japan's mountain of public debt
      Reuters  -  382 words
    • 503 19 Bloomberg It can sell stake in eye-care firm to raise USs2Ob [PARIS] Nestle SA is weighing options, including a possible bid for Cadbury pic, that would challenge Kraft Foods Inc's offer and a potential move by Hershey Co, according to two people with knowledge
      Bloomberg  -  503 words

  • WORLD
    • 493 20 Reuters Scrutiny comes as Fed is coming under intense criticism in Congress [WASHINGTON] The Senate Banking Committee said on Friday it will hold a hearing on Federal Reserve chairman Ben Bernanke's renomination to a second term on Dec 3, putting the central bank chief under
      – Reuters; AP  -  493 words
    • 490 20 -Reuters [COPENHAGEN] Sixty-five world leaders have confirmed they will attend a United Nations conference here in December that will try to clinch a new global climate deal, and many more are considering, Danish officials said yesterday. Facing splits in the climate talks, Denmark 10 days
      -Reuters; REUTERS  -  490 words
    • 486 20 Reuters [WASHINGTON] President Barack Obama on Saturday urged Americans to show patience over the economy and argued that his just-concluded Asia trip was critical for US exports, countering criticism he had returned empty-handed. With unemployment at a generation high of 10.2 per cent and
      Reuters  -  486 words
    • 566 20 -LATWP Nationwide trend prompted by shortfall in funding [LOS ANGELES] California's mission of providing residents with access to affordable, high-quality public education suffered a setback last week as University of California officials sharply increased student fees, driven by economic realities that are forcing similar
      -LATWP  -  566 words
  • Page 20 Advertisements
    • 78 20 INTRODUCING A NEW LIFESTYLE DINING EXPERIENCE Taste the legendary Mandarin Chicken Rice and other Asian delights at Chatterbox or revel in one of the widest international \\J{ J^J XLJ S buffet spreads at Triple Three. Otherwise, indulge in mouth-watering pastries and premium WM coffee at Coffee Crust ~~MANDARIN~~ or chill
      78 words

  • AVIATION/SHIPPING
    • 465 21 Bloomberg Firm must invest USs7som, create 3,800 jobs over 7 years in S Carolina [CHARLESTON] Boeing Co may get as much as US$4OO million in incentives to build its new 787 Dreamliner factory in South Carolina, governor Mark Sanford said in an interview last
      Bloomberg  -  465 words
    • 274 21 Reuters Sky Team partners not interested in JAL board seat: Delta [NEW YORK] The chief executive of Delta Air Lines Inc says the Sky Team alliance of global carriers would be willing to invest more than its proposed US$l.O2 billion in Japan Airlines (JAL),
      Reuters  -  274 words
    • 239 21 Reuters [TOKYO] Japan Airlines is mulling to propose a plan to cut pension payments to its retirees by 30 per cent on average, a reduction in cuts from its original plea of more than half, The Nikkei business daily said yesterday. The plan
      – Reuters  -  239 words
    • TRANSPORT STOCKS
      • 116 21 '000 lov 20 Vol CH Offshore Chuan Hup Hldgs Cosco Corp CWT Ltd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KlVentures Keppel Corp Mercator Lines MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Man Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises
        116 words
      • 38 21 '000 lov nt'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings 0.96 8.81 8.81 3.24 3.15 unch 0.09 unch -0.03 unch unch -0.03 unch -0.01 8 70 1309 287 4 0 358
        38 words
      • 16 21 '00 lov 20 Baht Vol 'recious Ship Regional Cont 18.90 10.80 -0.10 -0.10 1697 424
        16 words
      • 15 21 '000 lov 20 HKf Vol joil iingamas Cont 36.65 ...1.36 -1.50 2575 unch *****
        15 words
      • 26 21 '000 lov 20 Peso Vol Aboitiz Equity ntl Container <eppel Marine Keppel Prop 8.90 21.50 unch 1.20 0.10 -0.25 unch unch 551 551 0 9
        26 words
      • 26 21 lov 20 NTS Vol Evergreen Marine ...17.25 :irst Steamship 47.10 /Van Hai Lines 15.90 fang Ming Marine...11.75 -0.05 -0.90 -0.10 -0.10 5 4 2 4
        26 words
      • 42 21 '000 lov fen Cawasaki Hvy Ind ..202.00 Cawasaki Kisen 278.00 Mitsubishi Hvy 294.00 vlitsui Eng&Sbldg...221.00 vlitsui Osk Lines 519.00 Mippon Express 376.00 MipponYusen 296.00 Source: Thomson Reuters unch ***** 6.00 6124 2.00 ***** -5.00 6348 -5.00 9741 3.00 2801 3.00 *****
        42 words
    • 110 21 AFP [NEW YORK] The world's largest airliner, an Air France A3BO, touched down in New York on Friday after completing the super jumbo jet's first Atlantic crossing from Europe to the United States. The Airbus, carrying 538 passengers, left Paris earlier in the day
      AFP; BLOOMBERG  -  110 words
    • 334 21 Bloomberg [LONDON] Contracts used to bet on hire rates for capesize ships that haul iron ore fell further as immediatebooking rents slid the most since Sept 23. Forward freight agreements for average firstquarter rents slid to U5544,250 a day, taking the two-day decline to 20 per
      Bloomberg  -  334 words
    • 2891 21 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), AI: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), BI: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      2,891 words
  • Page 21 Miscellaneous
    • 355 21 CRYPTIC CROSSWORD Across fi |2 |3 |4 X le I |7 I Kick the bucket, cutting end J__>^^ J i^J of lobster's tail off (8) I 9 5 Matches could make you "Josqueal (6) 10 Rent almost vast I have to formally offend? (5,10) ■■—■1 H II They get ready
      355 words

  • DINING OUT
    • 638 22  -  Jaime Ee NEW RESTAURANT Imperial Treasure Paragon #05-42/45 Paragon Shopping Centre Tel: 6732-7838 IT seems too coincidental. Could it be? Surely it couldn't have happened by chance. But why is it that every time you see a Crystal Jade restaurant, an Imperial Treasure opens up
      638 words
  • Page 22 Advertisements
    • 365 22 9E?uijfißfck*' H e inspired by a trove of the most luxurious Christmas signature gems ever assembled, sprinkling the lion city's m/M WfWF£2B& ~^*^^T yuletide revellers with the most unforgettable holiday libations. W f royal chorus of culinary gifts comprising Baked Turkey Breast Wellington stuffed with Brittany Lobster, j^2 jj ft
      365 words

  • SINGAPORE STOCKS
    • 8912 23 Week ended: Nov 20 52-wks Tel h Low Code Last Sale Vol Week Last Quote Div GrYld Net ('000) High Low Buyer Seller C'vr P/E MCap $mil HJS Comp 17 3 3148 STelecom 9.5 2.5 5834 A-Sonic. 34 15 5000 ABR Hld'is 15.5 5.5 1938 AEI Corp 8
      8,912 words
    • 1841 24 52-wks Tel High Low Code Company Last Sale Vol Week Last Quote Div Gr Yld Net fOOO) High Low Buyer Seller C'vr P/E MCap Smil 10 5 1181 s AAGrp 25 12 8538 t APStrategic 4 0.5 1501 s Advanced System 7.5 2 3480 t Adventus 20 8.5
      1,841 words
    • 421 24 JJi! Low Code Comi Sale C000) JJi! Low Bui Seller C'vr P/E imil 111 101.5 6389 ABF SG Bond ETF 815 427 CIMBAsean40 100US$ 281 149 DBS STI ETF 100 4627 3534 DBXT DJE50 10US$ 3282 1682 DBXT FTChina25 10US$ 5819 3228 DBXT FTVietnam 10US$ 2806 2246 DBXT
      421 words
    • 261 24 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
      261 words
    • 119 24 Stock name Close Change Cai i Land 4.090 -0.010 Cai iMall 1.720 +0.060 Citi 10.420 +0.060 ComfortDelGro 1.530 Cosco Cor| 1.120 +0.020 DBS Gr| 14.860 +0.260 FSN 3.950 -0.010 Gentini SP 1.090 +0.010 Golden At iri 0.470 +0.005 HKLand 4.650 -0.030 loci name lose lange JMH
      119 words
    • 98 24 Up Down Unch Up Down Unch Up Down Unch Multi Ind 112 5 0 0 0 112 5 Manufacturing 87 86 56 12 15 18 99 101 74 Commerce 29 27 28 33 32 35 r/C. ms 19 20 19 22 Finance 24 25 Construction 12 10
      98 words
    • 120 24 MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 134,098 134.098 343.263 343,263 Manufacturing 1.691.120 68,435 1.759.555 1.214.334 4,870 1.219.204 Commerce 585,127 73,057 658.184 495,651 19.655 515.306 Tpt/Stor/Comms 481.575 15.808 497,383 749,367 3,505 752,872 Finance 165.673 28 165.701 1.295.511 1.295.513 Construction 174.475 39,158 213.633 46,084 955 47,039 Pro|
      120 words
    • 2676 24 Transaction date: Nov 20 For a full listing of the closing prices, log on to EST online at http://business-times.asial.com.sg after 11.30pm every trading day Vol ■000 HK$ \eon Credit \eon Stores \ngang Steel \nhui Conch \nhuiexpressway \sia Satellite \sm Pacific !ank Of E Asia Jeida Jade Bird Jeijing
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  • Page 23 Advertisements

  • Page 24 Advertisements
    • 32 24 Insiders'trades. Brokers'recommendations. Dividend table. TUE Dl ICIMECC TllV/IEC i^il The pages also cover transactions by directors and substantial IE DUjIIMCJJ I lIVIE3 i^ifl shareholders. In other words, news you can use. i^ifl
      32 words

  • FINANCE & COMMODITIES
    • 368 25 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Nov 20 World Index Preliminan 804.3 -0.6 18.7 -0.9 19.8 -0.7 24.: EAFE Preliminai 750.4 -0.5 15.6 -0.9 21.2 -0.8 25.I Euro[ Preliminan 1086.8 -0.6
      368 words
    • 131 25 As at 9am Nov 20 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2680 1.3060 Can dollar 1.2990 1.3150 Euro 2.0610 2.0850 NZ dollar 1.0080 1.0300 iterlini md 2.3020 2.3280 US dollar 1.3810 1.3970 Local dollars to 100 units of foreign
      131 words
    • 174 25 Nov 20 Overnight 1-month 2-months 3-months Overnight mode: 1/4 US$ 1/4 7/16 9/16 11/16 Offer 1/8 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.25 0.28 0.35 0.38 0.60 0.90 1.10 Offer 0.20 0.22 0.25 0.28 0.50
      174 words
    • 27 25 Nov 20 ten STI Nov 2754 2765 2761 SIMSCI Nov 330.8 333.7 332.3 Taiwan Nov 280.4 280.6 278.7 Source: MF Global (S) He. Ltd
      27 words
    • 21 25 Nov 20 Bid Offer 1-month 1.3864 1.3884 2-months 1.3868 1.3888 3-months 1.3871 1.3892 6-months 1.3875 1.3897 Source: OCBC
      21 words
    • 61 25 Nov 20 Delivery Month Opening Sett Av Range Price Price Vol Open Done Position Hi Low Dec 09 2335 2370 2374 2335 405 3531 Jan 10 2368 2392 2395 2347 2167 ***** Feb 10 2371 2419 2419 2361 8744 ***** Mar10 2371 2415 2416 2370 1420 9043 Total
      61 words
    • 307 25 Nov 20 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec09 Mar10 Jun10 Sep10 99.7350 99.6750 99.5200 99.2350 4656 7786 5615 3337 EUROYEN TIBOR FUTURES Dec09 Mar10 99.515 99.515 Jun10 99.530 99.530 Sep10 99.530 99.530 Dec10 Mar11 Jun11 Sep11 99.515 99.530 99.530 99.495 99.520 99.535 99.535 99.475
      307 words
    • 173 25 Nov 20 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Dec 09 Jan 10 Feb 10 Mario Apr 10 May 10 257.0 261.5 261.5 263.0 262.5 264.0 40 40 447 618 803 700 470 440 TSR 20 (US cents/kg)
      173 words
    • 84 25 Nov 20 Period Issue code Maturity Yesterday's Bid Hi' Day's |h Low 3-Month BQ*****V 18.02.2010 1-Year BY*****N 01.11.2010 0.42 0.53 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hig Day's igh Low 2-Year NX*****H 3.625 5-Year N*****0N 1.375 7-Year N*****0S 2.875 10-Year NX*****W 2.500 15-Year NY*****H
      84 words
    • 102 25 Nov 20 (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 10 1046.00 1039.00 1050.00 1031.50 Mar 10 1050.25 1044.75 1054.75 1037.00 May 10 1050.50 1046.25 1055.75 1039.00 Jul 10 1053.50 1050.00 1058.25 1041.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 09 39.71 39.45 39.85 39.23
      102 words
    • 78 25 CRUDE OIL PRODUCTS Nov 19 :RUDE (FOB origin) ISS/barrel Close Cham irent blend (1-Mth F) 77.65 -2.23 VTI (Near Mth) 77.64 -2.00 lubai (1 -Mth F) 78.74 -0.73 "apis blend 81.55 -0.35 i/linas 80.35 -0.85 >RODUCT JSS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 77.30 86.80 -0.75 -0.80 USS/barrel )pec
      78 words
    • 450 25 Nov 20 iuro ren ton •eso Earn toum Australia 0.978 6.271 0.616 7.119 42.845 86.895 0.816 10.645 3.115 1.258 76.699 43.236 1.274 6.903 0.931 29.700 30.510 0.553 0.919 Canada 1.022 6.410 0.630 7.276 43.791 88.814 0.834 10.880 3.184 1.286 78.393 44.191 1.302 7.056 0.952 30.356 31.183 0.565
      450 words
    • 77 25 Nov 20 (US$) (Ss) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (Ss) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      77 words
    • 153 25 Nov 20 lurrencies Bid Offer Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 1.2730 1.2750 0.9185 0.9186 "anadian dollar 1.3009 1.3034 0.9386 0.9391 luro 2.0661 2.0699 1.4907 1.4913 IZ dollar 1.0116 1.0138 0.7299 0.7304 jterlini md 2.3037 2.3071 1.6621 1.6622 IS dollar 1.3860 1.3880
      153 words
    • 141 25 Nov 20 GOLD (USS/oz) Nov 19 Nov 20 Hong Kong 1136.20 1142.40 London Nov 20 Nov 19 1139.90 1131.40 1140.90 1132.20 Source: Thomson Reuters CAST BAR (S$) Nov 20 Buying Sellim Kilobar ***** PAMP GOLD BARS (S$) Sellin. "54,603.17" nq Buying Igm 5gm lOgm 20gm 50gm lOOgm 1
      141 words
    • 70 25 Nov2o\ Co iri iiuiii, yy.i (USS/tonne) Close Previous Cash 2026.75 1997.25 3 months 2060.00 2031.00 Copper, Grade A (USS/tonne) Cash 3 months 6819.75 6845.00 6766.75 6795.00 Lead (USS/tonne) Cash 2321.00 3 months 2346.00 2307.00 2331.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash 3
      70 words
    • 75 25 Nov 20 Close Prev Hii ih/Low Dec 09 2145 2061 2166/2069 Mar 10 2174 2098 2194/2103 May 10 2192 2119 2214/2124 Jul 10 2138 2055 2154/2061 COFFEE (US$/tonne) Close Pev High/Low Nov 09 1324 1311 1314/1307 Jan 10 1344 1327 1346/1317 Mar 10 1376 1366 1377/1350 SUGAR (US tonne)
      75 words
    • 2460 25 BONDS, WARRANTS EXTENDED SETTLEMENT rei lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left Asia-Pacific Strategic W*****6 >036 Advance SCT Ltd W*****9 3.5 unch 402 0.5 15 87 23 4.29 1650 10.00 54 9 S756 Asiatic Grp (H) Ltd W*****2 3 -8 1.50
      2,460 words

  • Page 26 Advertisements
    • 2800 26 —i The Business Times Shipping Times dM VPI ffCT^BfflWlffti Jff^flfftßßffil WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M M S^UP _Li__fi aflßftrPf Wmm %T%vi\lAfAM UAI lIMFC TEL *****588 (KLINES) FAX:*****163 J \\y WEEajSIjSL V\ \N I VyAN HAI INt J PKL TEL: <03) *****888 FAX: (03) *****283 PEN TEL: <04)
      2,800 words

  • Page 27 Advertisements
    • 3172 27 BSHMEBXEII^BSIH^I I Inn eastern car liner, ltd injf 53®32& I Pf—^— i specialize in roro heavy lift upto 450 tons WEEKLY EXPRESS SAILING SCHEDULE I PCL/AMCL SERVICE AMX/AMEL SERVICE Connecting EMC SERVICE via MALTA ENDEAVOR OAK 24 60 24/11 26/11 *****~ ALSO ACCEPTING CONTAINERS TO ALL NORTHERN AMD WESTERNINDIAKICO POIHTS
      3,172 words

  • BizIT
    • 673 28  -  ONG BOON KIAT The SingTel unit claims to be the first one-stop cloud computing services provider in South-east Asia By IN A move to break into one of the hottest technology segments today, local IT services company NCS has minted
      673 words
    • 251 28  -  JERMAINE NG By SINGAPORE Telecommunications has launched an intelligent mobile traffic planning guide, which combines live traffic information with SMS alerts. Dubbed TrafficLlVE, the service is available to all SingTel customers via any Wireless Application Protocol (WAP) supported handset. It lets users check for
      251 words
    • 824 28  -  AMIT ROY CHOUDHURY IT leaders looking to squeeze more value out of investments By ASIAN business leaders are using the current economic slowdown to restructure their companies' IT systems for renewed competitiveness, once the economy rebounds, according to a senior official from Hewlett-Packard
      824 words
    • <what's up>
      • 60 28 TOKYO-BASED information technology security firm Trend Micro has named Anthony Ung as its new country head for South-east Asia. Based in Singapore, he will be responsible for the firm's overall business, strategy and growth in South-east Asia. Prior to this role, Mr Ung
        60 words
      • 90 28 NEC Asia has launched ExpressCluster X, a disaster recovery software that can help safeguard the continuity of business critical systems by enabling the recovery of applications and data within minutes. The software can handle unplanned downtime due to hardware, software or site failures, and
        90 words
      • 105 28 AMPed, a mobile music service by Singapore Telecommunications, has won the "Best Mobile Music Service" award at the GSMA's Asia Mobile Awards 2009 last week in Hong Kong. SingTel AMPed was launched in partnership with Universal Music Group (UMG) in June this year offering
        105 words
      • 70 28 LOCAL publishing and media firm Storm Lion and acclaimed Japanese animation studio Production I.G have joined hands to make a cutting edge 3D computer generated imagery (CGI) animated feature film called Titan Rain. Directed by Atsushi Takeuchi, the film is slated for a
        70 words
      • 74 28  -  ONG BOON KIAT FUJI Xerox Printers has launched three new laser printers aimed at individuals and small workgroups, the DocuPrint C2120, WorkCentre 3210 and WorkCentre 3220. The DocuPrint C2120, available for $659, is a compact colour laser printer. The WorkCentre 3210 and WorkCentre 3220, available
        74 words
    • 182 28 Reuters [NEW DELHI] India will introduce mobile number portability on Dec 31, a move that could further intensify the stiff competition in the world's fastest-grow-ing wireless market and push call charges lower. Mobile number portability (MNP), which allows users to retain their number
      ■ Reuters  -  182 words
    • 225 28 Bloomberg [SAN FRANCISCO] Twitter Inc, the social-networking company valued at US$l billion by venture capitalists, is generating sales of more than US$4 million a year. The revenue comes from companies that pay to use Twitter data, chief operating officer Dick Costolo said last Friday.
      ■ Bloomberg; REUTERS  -  225 words
    • 312 28 Reuters [BRUSSELS] European regulators extended their review of Oracle Corp's proposed US$7-billion acquisition of Sun Microsystems Inc, giving the software maker more time to address anti-competitive concerns. The executive European Commission's objections threatened to scuttle the deal. "Oracle requested the extension
      – Reuters  -  312 words
    • 655 29 While economies have been hit, Salesforce.com managed to buck the trend, says WINSTON CHAI, reporting from San Francisco FRESH from housing Salesforce.corn's first data centre outside the US, the Republic could soon play host to the tech firm's flagship overseas software development unit. Steve McWhirter,
      655 words
    • 293 29  -  WINSTON CHAI By MOST technology heads would frown upon the use of Facebook and Twitter within their corporate walls but if Salesforce.com has its way, using these social media tools could soon become part of the job description. This is because the company has borrowed a page from
      293 words

  • Page 29 Advertisements
    • 48 29 HITACHI. THE ROOTS FOR A GREENER WORLD. ""■"li^'^i)§_l_M_S_ft.' P^T,:^yßtM^^^aSmW& HW%I« »TjkjfE^W ■iJaP-88-BHt-M-ffaffll _HRabl_u_9K^pAllll6r^^_EL_B_cvH sw._7_2R_E_BH6wEV- :j_^^^-_L?«lS^ l H^"^_fr-- ":'"^^&gt;^^^_a h_SG^^_kLb_9_^_S-uff-fluH -Ksfurt' ,^'tm -4_ke.c' ■■i^_^^&gt;^sEaa^!|W^:\i:--v-'A^ "-.ci; -WH-'-'-g J_Hfe&!mflt_KE_fi3_3K. S^pSgP^ '»*—»-4 I HE s^ 'BPa EEE-=_= jLT _*-S— H -TT f^-^_B^^KJ*--S^fi-gy -__!!____^___EH_RB-H_l_^9_-_iiSE-j iOT*' t^^Mmtmw^^^ -BBSsC*-- (s^TrA^ HITACHI www.hitachi.com.sg/roots Inspire the Next
      48 words
  • Page 29 Miscellaneous