The Business Times, 7 December 2009

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Total Pages: 28
1 28 The Business Times
  • 23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Monday, December 7,2009
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  • 1031 1  -  KALPANA RASHIWALA More over-slom home sales in Jan-Oct than in previous four years By [SINGAPORE] Homes in Sentosa Cove drew strong interest from high-net-worth investors in the first 10 months of this year more properties costing $10 million and above were transacted during this
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  • MARKETS DIGEST
    • 51 1 IT Index 2,791.01 +28.79 1COMP 1,270.20 -0.41 IIKKEI225 10,022.59 +941.07 IANG SENG 22,498.15+1.363.65 ;et index 701.58 +21.21 JAKARTA COM P 2,511.54 +118.02 IANILACOMP 3,061.99 +17.02 ;eoulcomp 1,624.76 +100.26 ;henzhen b 630.62 +41.92 IUMBAI IND 17,101.54 +469.53 )OW 10,388.90 +78.98 IAS DAI 2,194.35 +55.91 ;&p 500 1,105.98 +14.49 =TSE 5,322.36
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    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 14.728 TAIWAN 4.696 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.52 INDIA 11.75 Source:
      Bloomberg  -  29 words
    • 45 1 IS$ (S$ ier US$) 1.382 (USS/SS per 1.660 2.294 lURO (US$,S$/E) :oreign currency 1.508 2.084 ier US$, S$ 'EN 88.10 63.70 3.381 2.446 IK$ 7.750 5.607 !AHT 33.13 23.97 lUPIAH 9,415 6,812 1ENMINBI 6.827 4.939 INDIAN RUPEE 46.22 33.44 1.080 0.781 IZ$ 1.381 0.999
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  • 630 1  -  TEH SHI NING By [SINGAPORE] Economic Development Board (EDB) chairman Leo Yip has set his sights on attracting more Asian companies to use Singapore as a base to go global. Traditionally, EDB's focus has been to draw investment from multinationals
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 52 1 "3 -wm\ DINING OUT HOCK LOCK SIEW W^\ BizlT MALAYSIA INSIGHT 1 Ramen still all Ban Joo should give regular fc?fjl NEC Display projects Will XL step up P^vSfe tne ra&e nere updates of new avatar hopes on Asia to the plate? PAGE 20 PAGE 5 M JM PAGE 26
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 72 2 HOMES on Sentosa Cove drew strong interest from high net worth investors in the first 10 months of this year more properties costing $10 million and above were transacted during this period than in the preceding four years. Property consultancy Savills Singapore said its analysis
        72 words
      • 74 2 ECONOMIC Development Board chairman Leo Yip has set his sights on attracting more Asian companies to use Singapore as a base to go global. Traditionally, EDB's focus has been to draw investment from multinationals based in the G3 economies, and
        74 words
      • 78 2 THE peak in unemployment in the US has probably passed, according to one economic indicator that has proved reliable in all 10 previous recessions since World War 11. If it is correct, it indicates that the recovery from the 2007-9 recession will be
        78 words
      • 77 2 FOREIGN flows into Asian equities are back to 2007 boom levels, albeit in recent weeks they have begun to abate. The Dubai crisis, growing market volatility, exceptional gains and consequently unexceptional value, have made foreign investors wary. China has been the
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      • 58 2 OLAM International had trouble selling US$4OO million of convertible bonds in September because convertible arbitrage funds could not borrow 01am stock for shorting, chief executive Sunny Verghese said. Lead-managers JP Morgan and Standard Chartered lost all their fees when they had to
        58 words
      • 77 2 US Treasury Secretary Timothy Geithner, throwing cold water on a plan by congressional Democrats to tax financial transactions, said banks and other market participants would find ways to circumvent the expense. Mr Geithner said he was concerned that it wouldn't be able to be
        77 words
      • 70 2 AN Indian court has dealt a blow to plans by tycoon Anil Ambani for a multi-billion-dollar power plant in the energy-hungry country, ordering that the process for acquiring land be started afresh. The High Court in Uttar Pradesh ruled the land acquisition
        70 words
      • 73 2 WITH its US and European sales starting to show signs of flatlining, NEC Display Solutions is looking to Asia to help clinch the top spot in the market for business projectors and public displays. For the next three years, sales in the region will
        73 words
    • 922 2  -  ANDREW MARKS WALL STREET INSIGHT But a positive data stream could see economists raising growth forecasts By in New York THE first week of December ended on a stunning note last Friday with a November employment report that sent traders
      REUTERS  -  922 words
    • 756 2 -NYT [NEW YORK] The peak in unemployment in the United States has probably passed, according to one economic indicator that has proved reliable in all 10 previous recessions since World War 11. If it is correct, it indicates that the recovery from
      -NYT  -  756 words
    • 557 4  -  CHUANG PECK MING By [SINGAPORE] Singapore was the third biggest investor on Wall Street in the Ju-ly-September period, as global investors kept up with purchases of American corporate stocks amid incipient signs of economic recovery. Singapore investors extended a buying spree
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    • 832 4  -  NEIL BEHRMANN China is biggest magnet, followed by Hong Kong and India By in London FOREIGN flows into Asian equities are back to 2007 boom levels, albeit in recent weeks they have begun to abate. The Dubai crisis, growing market
      REUTERS  -  832 words
    • 595 4  - Foreign buyers 1 share of Sentosa Cove homes on the rise KALPANA RASHIWALA Proportion hits 43% in first 10 months, from 39% in '07-' OB By [SINGAPORE] Foreigners, including permanent residents, picked up nearly 43 per cent of the homes transacted in Sentosa Cove in the first 10 months of
      URA Realis, Savills Research & Consultancy  -  595 words
  • Page 2 Advertisements
    • 58 2 UCLA IRNUS \±^t/ of Singapore Executive MBA Class of 2010 jpiP 1! Chief Financial Officer, South Asia DHL Global Forwarding Management (Asia Pacific), Singapore k A A SPR/NG 3k M M A Singapore Jk H Enabling Enterprise A Kk fl V 5542,500 Funding Support* on l& M Tuition Fees for
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    • 31 4 rßranchenslai^^ RIC-A 30/11A)9 119,13 EUR I db X-MACRO Trading Index Fund M4D^^/11/D9__loO 89GBp| |RlD^3O/11fl)9^^10a78USDl I Balanced Currency Harvest Euro IIC 3Q/11/D9 100,29 EUR Double Joy CapifalGuaranteed Fund RID 30/11/09 9,89 USD
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  • COMPANY NEWS
    • 734 5  -  YEN SREENIVASAN IN A scarcely noticed announcement some six weeks ago, Ban Joo Company said that it had fully repaid a debt of $10.8 million to its lenders. A few weeks later, in the second week of November, the company posted
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    • 387 5 Dec 4 BANKS ABN Amro Bank NY 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank
      387 words
    • 534 5  -  CHEW XIANG Lack of borrow stock saps demand from convertible arbitrage funds By OLAM International had trouble selling US$4OO million of convertible bonds in early September because convertible arbitrage funds could not borrow 01am stock for shorting, said the company's chief executive,
      534 words
    • 364 7  -  VINCENT WEE By KEPPEL Corp rigbuilding unit Keppel FELS continues to push out semisubmersibles on time and with increasing efficiency, with the naming of the Ensco 8502 on Saturday the third of seven Ensco 8500 Series semisubmersible drilling rigs KepFels has been
      364 words
    • 289 7 COMPANY MEETING PLACE DATE TIME China New Town E Pan Pacific Singapore Ocean 5, Level 2 7 Raffles Boulevard Marina Square Singapore *****5 07-Dec 9.15am Benefun Intl A 4th Floor, Opulent Building 402-406 Hennessy Road Wanchai, Hong Kong 07-Dec ASJ Hldgs E 514 Chai Chee Lane #05-05/06, Bedok
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    • 421 7 Payment (cts) Ex Books Pay date close date Asia Pac Brew ak 18.000 26-Jan 28-Jan 10-Feb ioustead S| aw 1.500 01-Dec 03-Dec 18-Dec Cerebos Pac af 19.000 04-Feb 08-Feb 23-Feb Cerebos Pac an 6.000 04-Feb 08-Feb 23-Feb :H Offshore 1.500 23-Nov 25-Nov 11-Dec Citj irini Infra Trt ao
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    • 370 7  -  CONRAD TAN They will share distribution networks in Asia, investment expertise By UOB Asset Management (UOBAM) has signed an agreement with a South Korean fund manager to share investment expertise and their distribution networks in Asia. The alliance is the latest move by
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  • Page 5 Advertisements
    • 48 5 IG Markets (ACRA No. *****621 X) holds a capital markets services licence for dealing in securities, trading in futures contracts and leveraged foreign exchange. IG Markets is also licensed to trade commodity CFDs by International Enterprise Singapore. IG Markets does not operate a securities, futures or commodities market.
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  • SINGAPORE MARKETS
    • 696 6  -  R SIVANITHY STOCKS TWO weeks ago, this column recommended that investors not stray too far away from the large-cap Straits Times Index components when trading this market. With the end of the year looming, this advice takes on even greater relevance as the
      696 words
    • 474 6 COMMODITY WATCH WHEN the local pump prices hit 552.30 and the front month Nymex Light Sweet Crude futures contract (global oil benchmark) topped US$l47 per barrel in early July 2008, nearly everyone asked: "How much higher can it go?" Crude oil prices impact everyone
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    • 574 6 Reuters CURRENCIES Investors face slew of US economic data, from wholesale inventories to consumer sentiment [NEW YORK] The doUar is likely to rally this week after a surprisingly strong United States employment report prompted investors to believe that the Federal Reserve may raise interest
      – Reuters  -  574 words
    • 1339 6 Source: Thomson Reuters Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price lompany name Mlgreen Props >erties 1.91 1.91 11 8.30 14.23 1.34 1.18 ,RA Asset Mgt 2.00 2.00 2 8.05 10.81 1.07 0.87 ,rmstroni Industrial Con
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    • 4 6 WEEKLY
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    • 66 6 Dec 4 VALUE CLOSE IT OB/OS -58.00 -11.00 IT CADI -*****.00 -68.00 IT 10-day MA -*****.00 -6.00 TSE ST Mid Cap 665.35 +1.07 TSE ST Small Cap 519.43 +0.11 TSE ST All Share 686.80 -3.17 TSE ST China Top 269.27 -1.83 TSE ST China 290.00 -2.52 TSE
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    • 61 6 VOLUME Golden Agri 420,717,000 Gentinq SP 290,692,000 Yanqzijianq 254,749,000 CapMallsAsia 246,407,000 Yinq Li 176,688,000 Sinotel Tech 136,738,000 Sing Tel 102,263,000 Capita Land 96,026,000 Noble Grp 73,668,000 Transcu Grp 71,211,000 VALUE(S) DBS Grp 673,062,065 CapMallsAsia 601,100,960 Capita Land 391,099,299 UOB 339,889,268 Gentinq SP 314,916,060 Yanqzijianq 311,937,320 Sing Tel
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    • 119 6 Closing prices are in trading currencies, but absolute difference is in Ss. CLOSE UP ***** 233.5 1.5 LP 10US$ DBXT Ni 10US$ ***** 192.1 1.2 lardine C&C 2602 152.0 6.2 DBXT FTChina25 10US! 3209 80.1 1.8 DBXT FTVietnam 10US$ 4620 80.1 1.3 DBXT MSEuroi 10US$ 4404 64.9 1.1 UOB.ES.0912
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    • 112 6 BY CENTS CLOSE DOWN OCBC Bk 5.1 %NCPS 100 *****-240.0 -2.3 OCBC Bk4.5%NCPS 100 9720-208.0 -2.1 IMH 2980 -60.8 -1.5 DBXTDJE50 10US! 4516 -53.9 -0.9 STXPO 100 1344 -48.0 -3.4 DBS.ES.0912 1468 -32.0 -2.1 >r Emen |in< |Mkts 1 958 -20.7 -1.5 DBXT MSTaiwan 10US$ 1580 -15.2 -0.7 HK
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    • 89 6 Wh lere! S$ stani ids Dec 4 CLOSE CHNG FR Dec 3 YR2009 S$ LOW S$ HIGH uss 1.3817 -0.12 1.5579 1.3800 Euro 2.0816 0.19 2.0952 1.9150 Pounds 2.2961 0.08 2.4366 2.0356 AS 1.2783 0.33 1.2942 0.9453 Yen* 1.5661 0.40 1.7278 1.4831 Rupiah* 0.***** -0.15 0.***** 0.***** Baht* 4.1854
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    • 1475 8  -  ROBERT HALILI INSIDE MARKETS Buyers more active than sellers although sale value is higher By THE insider activity picked up last week with 33 transactions worth $20.3 million based on filings on the Singapore Exchange from Nov 30 to Dec 4. The figures
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  • Page 7 Advertisements
    • 303 7 HMHBflfl|j|l|jflHflfi^& M Call 6-222 6868 now Account Serve for the Accounting Specialists www.Accountserve.com.sg I TILE i^!TO»E~ 'MOSAIC &9 fjfeit m&n HAFARY HOLDINGS LIMITED (Incorporated in the Republic of Singapore on 6 October 2009) BH MMBI (Company Registration No. *****8637 C) ■Mi CONGRATULATIONS TO HAFARY HOLDINGS LIMITED m m ON ITS
      303 words

  • Page 8 Advertisements
    • 221 8 |F iHI/l HI <niPa vI Tin fiIVI I 7 P Bf I La,. VJ JJIIJJJ.II. 1. ■BEpmSSMBPI^H SB will, special guest vocalist CARMEN BRADFORD (USA). iW H H tliri »o CLARESSA MONTEIRO (Singapore). DAVID GOMES (Malaysia) IWiWqPMhRI Esplanade Concert Hall < In collahoralion wilh Esplanade Theatres on the Baj jt»-***
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  • SINGAPORE NEWS
    • 760 9  -  VINCENT WEE WMRT organisers in talks for event here; Extreme Sailing Series kicks off soon By THE Marina Bay area could soon be on its way to fulfilling some of its sporting and glamour potential with at least one high-profile international standard sailing event organiser holding
      760 words
    • 205 9 THE Lee Kuan Yew (LKY) School of Public Policy has signed a memorandum of understanding (MOU) with the University of Tokyo's Graduate School of Public Policy to launch a double degree partnership. The partnership is a milestone for both universities. It is the
      205 words
    • 391 9  -  VINCENT WEE The partnership aims to develop logistics properties By MAPLETREE Investments has strengthened its partnership with Itochu Corporation by teaming up to develop logistics properties in Japan. It has signed a memorandum of understanding (MOU) to form a joint venture to undertake primarily build-to-suit
      391 words
  • Page 9 Advertisements
    • 54 9 Hong Sen Motors Pte Ltd Official Maserati Importer, Singapore WJT Head Office: 10 Fourth Lok Yang Road Singapore *****7 S9PVf City Showroom: 390 A Havelock Road #01- 06/08 Waterfront Plaza Singapore *****4 Showroom hours: Monday- Friday: 10am to 7pm, Saturday, Sunday and Public Holiday: 10am to 6pm VW Tel: 1800-TRIDENT
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 607 10 Fostering innovation and driving growth in a company depends on effective leadership, an executive education provider tells LEE U-WEN WITH the worst of the economic recession behind us, the time is ripe for companies to send a strong signal to their employees especially their best-performing
      FILE PHOTO  -  607 words
    • 745 10  -  LEE U-WEN CAMPUS LIFE By A GLANCE at his namecard lists his designation as CEO, but Joseph Michelli is not your regular chief executive officer. Rather, he prefers to be known as the chief experience officer, one who firmly believes that the customer is truly
      745 words
    • 77 10 THE aim is to provide CEOs and senior management insights on pertinent topics such as leadership and organisational development, through presentations and cross-sharing of experiences by internationally sought-after successful business practitioners, well-known business coach- es and authors. The next session will be on Jan
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    • 204 10 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
  • Page 10 Advertisements
    • 46 10 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.
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  • Page 11 Advertisements
    • 161 11 Making deep impressions f On time, within budget ENSCO 8502, the third of seven i/§ ENSCO 8500 Series® ultra deepwater JET drilling rigs being built exclusively by s Keppel FELS for Ensco International Inc. qyijpßpf^v has been named. L^^g^|r[ As a result of high levels j£pS«^2-^ of engineering and f
      161 words

  • ECONOMY WATCH
    • 685 12 Bloomberg He says banks, other market participants will find ways to circumvent it [WASHINGTON] Treasury Secretary Timothy Geithner, throwing cold water on a plan by congressional Democrats to tax financial transactions, said banks and other market participants would find ways to circumvent the expense.
      – Bloomberg; BLOOMBERG  -  685 words
    • 762 12 -AFP Appetite for bonds from emerging markets still strong [PARIS] Government debt and so-called "exit strategies" after the crisis are set to be the big issues on bond markets which have so far bypassed fears of a leap in yields for countries
      -AFP  -  762 words
    • 371 12 Bloomberg [NEW YORK] Traders increased wagers that the Federal Reserve will begin lifting its target rate for overnight loans next year after the US government reported a smaller-than-esti-mated decrease in jobs last month. Federal-funds futures contracts on the Chicago Board of
      – Bloomberg  -  371 words
    • 643 12 Reuters [FRANKFURT] The European Central Bank (ECB) is paying closer attention to core inflation after years of dismissing it, strengthening arguments for postponing interest rate hikes but also allowing it to banish all talk of deflation. The headline inflation measure targeted by the bank
      Reuters; BLOOMBERG  -  643 words
    • 312 12 Reuters [BRUSSELS] The European Union (EU) economy has stabilised but remains fragile, EU leaders will declare this week as they call for stimulus measures to stay until recovery is secured, but no longer than 2011, a draft document showed. The draft conclusions of the next
      – Reuters  -  312 words
  • Page 12 Advertisements
    • 468 12 IN THE MATTER OF In the Matter of THE COMPANIES Aa,CAP.SO T"8 Companies Act, Cap 50 CREDIT PACIFIC (ASIA) HOLDING And (PTE) LIMITED In the Matter of (Co. Reg. No. *****0171H) GEO FAR EAST FTE LTD (In Members' Voluntary Liquidation) (CO. REG. NO. *****1098G) At an Extraordinary General Meeting of
      468 words

  • MALAYSIA
    • 826 13  -  PAULINE NG MALAYSIA INSIGHT Or will the federal govt continue to dilly-dally on necessary reforms and lose another decade of economic development? THE public acknowledgement by Second Finance Minister Ahmad Husni Hanadzlah last week that Malaysia had lost its competitive edge because it
      826 words
    • 405 13 AP The anti-graft body has suffered a bout of low confidence [KUALA LUMPUR] A senior Malaysian anti-corruption official pledged yesterday to restore the credibility of the national graft-fighting body when he takes over as chairman next month. The Malaysian Anti-Cor-ruption Commission (MACC) revamped
      AP  -  405 words
    • 2055 13 lee 4 RM ('000) &M Realty 0.60 \bric Bhd 0.22 advance Synergy ....0.16 VJventa Bhd 2.38 \eMulti Hldgs 0.40 \ffin Holdings 2.39 \hmad Zaki Resou....0.92 \\c Corp 0.44 \irasia Bhd 1.28 \kn Technology 0.12 alliance Financi 2.60 aluminium Co 1.07 Amalgamated Ind ....0.44 tomb Hldgs Bhd ....5.03 \mtel
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    • 280 13 -AFP [KUALA LUMPUR] Malaysia and Thailand's leaders will make an unprecedented visit to the troubled Thai south this week, presenting a united front in the face of an insurgent crisis that has killed 4,000 people. Najib Razak, the prime minister
      -AFP  -  280 words
  • Page 13 Advertisements

  • GREATER CHINA/INDIA
    • 437 14 -AFP It rules land acquisition did not have the consent of farmers [NEW DELHI] An Indian court has dealt a blow to plans by tycoon Anil Ambani for a multi-billion-dol-lar power plant in the ener-gy-hungry country, ordering that the process for acquiring
      -AFP  -  437 words
    • 559 14 -Reuters [BEIJING] China's economy probably turned the corner in three important areas last month, with consumer prices, exports and imports likely to rise in year-on-year terms for the first time since the global financial crisis struck. The November data will show that the
      -Reuters; AFP  -  559 words
    • 615 14 AFP [YIWU, China] Ge Hongjun started a shop on Taobao.com China's answer to eßay as a class project but he now sees it as his ticket to becoming a retail magnate after graduation. Taobao's growing popularity has captured the imagination
      AFP  -  615 words
    • 576 14 AFP [TAIPEI] Taiwan President Ma Ying-jeou may slow down an aggressive push for improved ties with China after the island's voters showed disquiet with his policies in local elections, analysts said. Some 17 counties and cities were contested in Saturday's poll,
      AFP  -  576 words
    • 268 14 Reuters [BEIJING] China's renewable energy strategy through 2050 envisions renewable energy making up one-third of its energy consumption by then, the China Daily said, as the upcoming Copenhagen conference on climate change highlights the world's dependence on fossil fuels. Coal-dependent China, the world's
      – Reuters  -  268 words
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  • ASIA-PACIFIC/WORLD
    • 755 15 -AFP CLIMATE CHANGE Objective is a strong outline accord but no guarantee even this can be reached [COPENHAGEN] Driven by an ever-louder drumbeat of alarm, the world's nations come together today in a bid to lift the curse of climate change hanging over
      -AFP; AP  -  755 words
    • 382 15 -Reuters [COPENHAGEN] UN secre-tary-general Ban Ki-moon said in an interview published yesterday that he was optimistic the Dec 7-18 climate conference in the Danish capital would produce an agreement all member states would sign. Delegates from 190 nations have descended on Copenhagen over the
      -Reuters  -  382 words
    • 199 15 Reuters [KUWAIT] Kuwait's sovereign wealth fund said yesterday it had sold its stake in US bank Citigroup, making US$l.l billion in profit. Kuwait Investment Authority (KIA) transferred the preferred stocks it owned in Citigroup to normal stocks and sold all of them for US$4.l
      Reuters  -  199 words
    • 815 18 TARP is working and for less money -LATWP But experts worry that it didn't help banks purge mountains of toxic assets [WASHINGTON] The US government's bailout of the banking system is turning out to be far from the fiscal sinkhole so many had feared. The US$7OO billion Troubled Asset Relief
      -LATWP  -  815 words
    • 170 18 Reuters [LONDON] Amazon.com Inc, the world's largest online retailer, is planning to open high street shops in Britain to complement its website, The Sunday Times newspaper reported. The report said that the group was looking to cash in on the rising customer demand for
      – Reuters  -  170 words
    • Article, Illustration
      45 18 [HONG KONG] Athletes and performers stand as fireworks explode over Hong Kong's Victoria Harbour during the opening ceremony of the sth East Asian Games. The games will be held from Dec 5-13, with over 2,300 athletes competing in 22 different sports. REUTERS
      REUTERS  -  45 words
    • 614 18 Reuters [LONDON] The insurance industry should be spared the regulatory crackdown unleashed on the banking sector in the wake of the credit crunch, Britain's top insurance regulator said. International efforts to tighten banking regulation reflect the sector's central role in the credit crisis,
      – Reuters  -  614 words
    • 386 18 -Reuters Bank regulators will also consider plan to spur responsible securitisations [WASHINGTON] US bank regulators will meet on Dec 15 to consider a proposal that would give banks more time to build capital cushions against more than US$l trillion of assets
      -Reuters  -  386 words
    • 255 18 Reuters [SAN FRANCISCO] US security regulators are investigating possible ties between a former chief executive of California pension fund Calpers and a former Calpers board member, and a financier who has pleaded guilty in a New York pension fund corruption case, The Sacramento
      – Reuters  -  255 words
  • Page 15 Advertisements
    • 2779 15 IN THE MATTER OF r, ™ECp2KE c s n ACT F7T? A EZRA HOLDINGS LIMITED U.-^+r^o+ CHAPTERSO CZKA Co. Reg. No. *****1411N 01^***** INTHEMAnEROF (Incorporated in the Republic of Singapore) SIRIUS ILLUMINATION SOLUTIONS PTE LTD ,>„„ ~.,T En [in provisional liquidation) NOTICE OF ANNUAL GENERAL MEETING 810-TREAT TECHNOLOGY LIMITED (Company
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  • ASIA-PACIFIC
    • 794 16 Bloomberg In biggest Australia energy deal, Japan giant takes stake in Wheatstone project [TOKYO] Chevron Corp signed an US$B2 billion contract, Australia's biggest energy deal, to supply liquefied natural gas to Tokyo Electric Power Co and sell the Japanese utility a stake in its
      – Bloomberg  -  794 words
    • 564 16 Reuters They will merge their Western Australia operations [MELBOURNE] Mining giants BHP Billiton and Rio Tinto have signed a US$ll6 billion iron ore joint venture agreement to combine their Western Australian iron ore operations. The agreement brings together two of the world's
      – Reuters; BLOOMBERG  -  564 words
  • Page 16 Advertisements
    • 1958 16 Z-OBEE HOLDINGS LIMITED (Incorporated in Bermuda) (Company Registration No. *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a SPECIAL GENERAL MEETING of Z-Obee Holdings Limited (the "Company") will be held on 30 December 2009 at 9:30 a.m. at Room 401, Bldg 14, West Park of Software Park
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    • 30 16 B7 A vfl "4if -«isS -^BT A wJr ■nM 'nRH &II jC. 1 > 4hm ivj''"^' [JSinn Br^ il'lt.lHlil -w t j| IV Bi The Business Times A publication of SpTI
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  • Page 18 Advertisements
    • 112 18 copy from any Spinelli outlet at $s.soandgeta Jn complimentary Spin or Latte! PULSES DECEMBER ISSUE, OUT NOW! In the December issue of Pulses, find out why being a conservative local bank isn't necessarily a bad thing in a crisis. Also, check out our new column which addresses your concerns on
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  • AVIATION/SHIPPING
    • 393 19  -  YEN SREENIVASAN By [SINGAPORE] Brazilian planemaker Embraer has started flying demo tours of its entry-level Phenom 100 in the Asia Pacific. The plane, which is targeted to take on existing rivals in the small executive and business jet category, made its
      EMBRAER  -  393 words
    • 473 19 -Reuters Modest hike in 2010 buoyed by stronger financial markets [OSLO] Nordic banks expect a modest increase in lending to the shipping industry next year as financial markets strengthen, but gloomy forecasts for a sector plagued by overcapacity mean that only the best
      -Reuters  -  473 words
    • 2893 19 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), Al: Air India =innair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brur._ _dn Bhd (RBA), BO: Bouraq Airlines (BOU), BR: EVA Airways Corpn(EVA),
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    • TRANSPORT STOCKS
      • 121 19 '000 :H Offshore Ihuan Hup Hldgs Iosco Corp :WT Ltd Ezra Hldgs rirst Ship Lease rreight Links jrand Banks laya Hold Ltd <1Ventures <eppel Corp Vlercator Lines V1TQ Corp MOL Pacific Shipping 3an-United Corp Rickmers Man iamudera Ship iembcorp Indust iembcorp Marine ipore Ship 0.67 0.35 1.07 0 69
        121 words
      • 33 19 '000 lee nt'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings PDZ Holdings 0.94 8.90 8.85 3.11 3.13 0.09 -0.01 unch unch 0.01 unch unch 33 105 1453 152 299 1952
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      • 12 19 '00 ■recious Ship Jegional Cont 18.00 ..9.95 -0.20 unch 1371 2843
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      • 11 19 '000 joil ungamas Cont 37.30 1.29 1.95 265! unch 1208;
        11 words
      • 24 19 '000 lec 'eso Aboitiz Equity Intl Container Keppel Marine Keppel Prop 8.80 23.25 2.00 unch unch -0.25 unch unch 1528 1015 6 0
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      • 18 19 Evergreen Marine ....16.30 :irst Steamship 46.20 /Van Hai Lines 15.55 fang Ming Marine...11.25 -0.05 unch -0.15 -0.10
        18 words
      • 37 19 '000 :awasaki Hvy Ind ..227.00 2.00 ***** :awasaki Kisen 267.00 4.00 ***** /litsubishi Hvy 312.00 unch ***** /litsui Eng&Sbldg...225.00 1.00 4518 /litsui Osk Lines 501.00 4.00 ***** Jippon Express 413.00 2.00 5839 lipponYusen 275.00 16.00 *****
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    • 530 19 Bloomberg The 14.7b yuan IPO will be country's 3rd biggest offering this year [BEIJING] China Shipbuilding Industry Co, the nation's largest maker of vessel equipment, plans to raise as much as 14.7 billion yuan (Ss3 billion) in Shanghai in the country's third-largest initial
      – Bloomberg  -  530 words
  • Page 19 Advertisements
    • 272 19 The Nippon Foundation tjj'j'J Seafarers International Research Centre (SIRC) Nippon Foundation PhD Fellowships The Seafarers International Research Centre at Cardiff University, with support from The Nippon Foundation, would like to invite applications for a number of fouryear scholarships offering exciting opportunities to study for PhD qualifications in maritime-related social science.
      272 words
  • Page 19 Miscellaneous
    • 179 19 CRYPTIC CROSSWORD 28 29 Mcd waterway with which fantasist is more concerned? (6,2,7) 8 Group of reporters in Shang- n nai,? (5 ~4) Lr YESTERDAY'S SOLUTION Down 14 Performance of Carmen may 2 Greek writer describing Scots rest on this (9) Across: 1 Plead, 4 Auspices, 8 one? (6) 15
      179 words

  • DINING OUT
    • 672 20  -  Audrey Phoon NEW RESTAURANT Ippudo Singapore #04-02/03/04 Mandarin Gallery 333 A Orchard Road Tel: 6235 2797 YOU'D think that Singaporeans would have stopped getting excited about ramen by now, given the number of ramen shops that have sprung up here over the past few
      672 words
    • 250 20  -  Amanda de Guzman PROMOTION Dec 9 Bistro Dv Yin #02-12 Shaw Centre 1 Scotts Road Tel: 6733-7763 IF you haven't the time to go to Burgundy on a wine tour, Bistro dv Yin is going to provide a taste of what it would be
      250 words
  • Page 20 Advertisements
    • 29 20 MERITUS A winning combination. Everytime. MANDARIN SINGAPORE For reservations, please call 6831 6288 or email dine.tms@meritus-hotels.com LUXURY llllDJlliliilil BinS^^Ml Raffles Marina Ltd •10 Tuas West Drive Singapore *****4 www.rafflesmarina.com.sg
      29 words

  • SINGAPORE STOCKS
    • 9199 21 Week ended: Dec 4 »-wks Tel Low Code Last Sale Vol COOP) Hii reek L Low Bu; ast Quote rer Seller Div C'vr Net P/E ICap $mil Hi! Com| )an] 17 3 3148 8Telecom 9.5 2.5 5834 A-Sonic 34 16 5000 ABR Hldgs 15.5 5.5 1938 AEI Corp
      9,199 words
    • 1805 22 High Low Code Company Sale C000) High Low Buyer Seller C'vr P/E $mil 10 5 1181 s AAGrp 25 12 8538 t APStrategic 4 0.5 1501 s Advanced System 7.5 3.5 3480 t Adventus 20 8.5 3518 t Afor 12.5 2 1524 t Alantac 11 4 7814 t
      1,805 words
    • 477 22 52-Wk Tel h Low Code Last Sale s» Week ih Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Hii Comi Hii 111 105 6389 ABFSG Bond ETF 109 -1 819 427 CIMBAsean40 1OOUSS US818 +18 281 149 DBSSTIETF1OO 281 +3 4627 3534 DBXT DJE5O
      477 words
    • 263 22 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      263 words
    • 118 22 Stock name Close Change Stock name Close Change Stock name Close Change ]apital_and 4.110 JMH 29.800 +0.180 SIA En: 3.010 -0.040 ]apitaMall 1.770 -0.040 JSH 17.720 +0.220 SMRT 1.800 +0.010 :ityDev 10.360 -0.060 Jardine C&C 26.020 +0.400 SPH 3.800 +0.030 :omfortDelGro 1.540 +0.010 Keppel Corp 8.390
      118 words
    • 99 22 Up Down Unch Up Down Unch Up Down Unch Multi Ind 114 3 0 0 0 11 4 3 Manufacturing 71 86 72 13 13 11 84 99 83 Commerce 26 28 24 32 33 29 r/C. 20 16 22 17 Finance 15 12 15 12 Construction
      99 words
    • 118 22 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 112,693 112,693 383,133 383,133 lanufacturint 1,467,194 61,974 1,529,168 1,297,499 3,437 1,300,936 Commerce 584,786 90,485 675,271 599,758 27,686 627,444 ]t/Stor/Comms 542,852 48,677 591,529 877,581 11,090 888,671 :inance 205,924 205,924 1,534,926 1,534,926 Construction 214,103 53,760 267,863 58,977 962 59,939 'roperties 838,926
      118 words
    • 2662 22 Transaction date: Dec 4 For a full listing of the closing prices, log on to BT online at http://business-times.asial.com.sg after 11.30pm every trading day HONG KONG Vol ■000 HK$ Aeon Credit Aeon Stores Angang Steel Anhui Conch Anhuiexpressway Asia Satellite Asm Pacific Bank Of E Asia Beida Jade
      2,662 words
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  • Page 22 Advertisements
    • 35 22 H Insiders'trades. Brokers'recommendations. TUIC Rl ICIMECC Tll\/ICC H Dividend table. The pages also cover transactions I nt DU JIIMC JJ lIIVIL3 H by directors and substantial shareholders. H In other words, news you can use.
      35 words

  • FINANCE & COMMODITIES
    • 363 23 %dy %yr dy yr dy yi Index Change Change Change Change Change Change Dec 4 World Index Preliminary 820.3 0.2 21.0 0.2 22.2 -0.3 26.: EAFE Preliminai 772.0 0.4 18.9 -0.2 24.6 -0.7 29.. Euro[ Prelim inan 1110.6 0.8 21.8 0.3 28.7 -0.2 33.1 Pacific
      363 words
    • 126 23 As at 9am Dec 4 )i foreign currency: lurrencies Bid Offer »jst dollar 1.2640 1.3020 .an dollar 1.3010 1.3160 luro 2.0710 2.0940 IZ dollar 0.9890 1.0100 iterlini ind 2.2730 2.2980 IS dollar 1.3750 1.3910 .ocal dollars to 100 units rf foreign currency: Currencies Bid Offer :hi
      126 words
    • 154 23 Dec 4 Xterniqht 5/16 -month 7/16 -months 9/16 l-months 11/16 Overnight mode: 3/16 IS$ Offer 3/16 3/16 5/16 7/16 Bid 1 days I month > months months d months months I I. |Au 0.25 0.29 0.35 0.37 0.55 0.80 1.00 Offer 0.20 0.24 0.25 0.27 0.45 0.60 0.80
      154 words
    • 24 23 Dec 4 STI Dec 2783 IIMSCI Dec 337.9 338.0 334.8 "aiwan Dec 279.2 280.4 275.1 Source: MF Global (S) He. Ltd
      24 words
    • 21 23 Dec 4 Bid Offer 1-month 1.3821 1.3830 2-months 1.3825 1.3834 3-months 1.3827 1.3836 6-months 1.3833 1.3843 Source: OCBC
      21 words
    • 62 23 Dec 4 lelivery lonth Opening Range Sett Av Price Price Hi Vol Open Done Position Low }ec 09 2450 Ian 10 2459 =eb 10 2473 War 10 2485 FotaI o/p: ***** contracts 2490 2525 2450 191 1246 2550 2571 2459 2884 ***** 2562 2596 2473 ***** ***** 2557
      62 words
    • 311 23 Dec 4 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES DecO9 Mar10 Jun10 Sep10 99.7375 99.5950 99.4150 99.1350 4464 8936 7241 4247 EUROYEN TIBOR FUTURES DecO9 99.545 99.545 Mar10 99.615 99.630 Jun10 99.670 99.670 Sep10 99.650 99.665 Dec10 99.645 99.645 Mar11 99.625 99.625 Jun11 Sep11 99.540 99.615
      311 words
    • 189 23 Dec 4 tUBBER Futures (Closing prices) !SS 3 (US cents/kg) flonth High Low Close Sett Volume (lots) 0/1 lots) Ian 10 =eb 10 Vlar 10 <\pr1O 286.5 Vlay 10 287.0 lun 10 286.5 287.0 285.0 284.0 285.0 287.5 288.0 291.0 60 70 70 526 783 614 416 561
      189 words
    • 83 23 Dec 4 'eriod Issue code Maturity Yesterday's Bid Hi< Day's |h Low I-Month BQ*****E 04.03.2010 -Year BY*****N 01.11.2010 0.46 0.50 3OVERNMENT BONDS >eriod Issue Coupon Maturity code rate Close Bid Day's High Low !-Year NXO11OOH 3.625 i-Year N5O91OON 1.375 '-Year N*****0S 2.875 O-Year NX*****W 2.500 5-Year NY*****H 3.000
      83 words
    • 98 23 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jan 10 1043.00 1047.00 1053.75 1031.00 Mar 10 1050.50 1054.50 1061.00 1038.50 May 10 1057.75 1061.00 1067.50 1045.50 JuMO 1064.75 1067.00 1074.25 1052.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 09 39.76 39.75 40.34 39.55 Ian 10
      98 words
    • 71 23 CRUDE OIL PRODUCTS Dec 3 origin^ t/barrel Close Cham Srent blend (1-Mth F) 78.46 0.71 VTI (Near Mth) 76.25 -0.36 iubai (1-Mth F) 79.29 0.01 "apis blend 81.80 -0.05 i/linas 80.20 -0.05 >RODUCT JS$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 79.45 85.05 -1.7! -1.81 US$/barrel )pec Oil Basket Price
      71 words
    • 448 23 Dec 4 iuro 'en (on 'eso lam 'ouni wstralia 0.977 6.322 0.614 7.177 42.795 87.183 0.816 10.676 3.130 1.279 77.409 42.610 1.280 6.828 0.925 29.780 30.674 0.558 0.926 Canada 1.023 6.467 0.628 7.342 43.781 89.191 0.835 10.922 3.202 1.309 79.192 43.591 1.309 6.985 0.947 30.466 31.380 0.571
      448 words
    • 66 23 Dec 4 mth 0.***** 0.***** mths 0.***** 0.***** mths 0.***** 0.***** mths 0.***** 0.***** mths 0.***** 0.***** 2 mths 1.***** 0.***** ;WAP Offer rates (S$) mth 0.***** mths 0.***** I mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 1.***** SWAP Mid rates (S$) 1 yr 0.***** 2yrs
      66 words
    • 132 23 Dec 4 /oz) tec tec -long Kong 1217.40 1205.30 .ondon Dec 04 Dec 03 1178.40 1213.70 1179.20 1214.50 Source: Thomson Reuters CAST BAR (S$) Dec 04 Buying Sellim Kilobar "57,318.83" ***** PAMP GOLD BARS (S$) Selling Buying gm igm Ogm !0gm iOgm OOgm oz ozUBS Kinebar™ 128.4 364.87
      132 words
    • 155 23 Dec 4 Against SS Zurrencies Bid Offer Against USS Bid Offer >$/US$ to one unit of foreign currency: 0.9258 0.9262 Australian dollar 1.2792 1.2806 Canadian dollar 1.3086 1.3101 0.9471 0.9476 iuro 2.0836 2.0854 1.5080 1.5083 IZ dollar 0.9999 1.0013 0.7237 0.7242 Sterlinc md 2.2933 2.2953 1.6598 1.6601
      155 words
    • 62 23 ,luminium, 99.7% uritv (US$/tonne) Close Previous :ash 2116.50 2102.00 months 2148.00 2133.00 Copper, Grade A (US$/tonne) :ash months 7005.00 7040.00 7046.25 7080.00 .ead (US$/tonne) :ash 2334.50 months 2366.00 2378.25 2409.00 lickel (US$/tonne) :ash months *****.00 *****.00 *****.00 *****.00 'in (US$/tonne) :ash months *****.00 *****.00 *****.00 *****.00 inc, Specia
      62 words
    • 76 23 Dec 4 (£/tonne) Close Prev Hii ih/Low Dec 09 2183 2189 2204/2176 War 10 2227 2230 2248/2219 Way 10 2247 2252 2267/2241 lul 10 2226 2225 2239/2218 IOFFEE (US$/tonne) Close Pev High/Low Ian 10 1320 1346 1345/1311 Vlar 10 1356 1383 1383/1351 Vlay 10 1387 1413 1412/1383 SUGAR (US
      76 words
    • 2278 23 BONDS, WARRANTS EXTENDED SETTLEMENT lei lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left Asia-Pacific Strategic W*****6 3 -0.5 23 >036AdvanceSCTLtdW*****9 0.5 1 15 12 5.33 1 87 1844 9.00 53 8 S756#AsiaticGrp(H) LtdW*****2 8 H05#Asiatravel W*****7 31 -4 128 1 3 1.38
      2,278 words

  • Page 24 Advertisements
    • 2990 24 The Business Times Shipping Times A KPI B-fjffl^JifflTWWtffß-fWWtßßffil WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M mSM mwWff^TSVm'W WOt %TTn\ lAf ALI lIAI Illirr TEL *****588 (KLINES) FAX:*****163 2_r~l II I lliy*Tlß HHP^HPHJUHHJUmHU HUmWB nViNRMME V\ M^l I IflfflN Hill INtj FKL IEL: (03) *****838 FAX: <03| *****288 PEN HL:
      2,990 words

  • Page 25 Advertisements
    • 3446 25 I linn eastern car liner, ltd inj§ S3®as& I \f-~__l SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS~| I WEEKLY EXPRESS SAILING SCHEDULE I I^^^^^^B I VOY I Romp(KT) I LillinglKT) I SIN I PKL )KT I KUC IKK I SUR I IHSlUilMiiflffllilliMM HDM SERVICE FMX and SMX SERVICE Connecting
      3,446 words

  • BizIT
    • 411 26 -AFP Stage set for joint offensive against Google [SAN FRANCISCO] Yahoo! and Microsoft have announced that they have finalised the details of their planned Internet search and advertising partnership. The companies hope to implement the deal next year with
      -AFP  -  411 words
    • 494 26 For the next three years, sales in the region will eclipse the firm's performance in other parts of the world, reports WINSTON CHAI WITH its US and European sales starting to show signs of flatlining, NEC Display Solutions is looking to Asia to help
      494 words
    • 1092 27  -  AMIT ROY CHOUDHURY <cool stuff> Canon's latest DSLR has a variety of features that makes it an interesting camera By AS AN avid amateur photographer whose enthusiasm usually outstrips his skill, this writer has often wondered what the great photographers of yesteryears would make of the
      1,092 words
    • <what's up>
      • 75 27 THE white-coloured version of the Blackßerry Bold smartphone which flaunts a satin chrome finished frame and leatherette backplate is now available exclusively from Star Hub. Powered by a 624 MHz mobile chip, the 3G phone comes with Global Positioning System, Wi-Fi wireless networking, half-VGA (480x320
        75 words
      • 102 27 SINGTEL has added three new channels to its growing mio TV service Russia Today, Sundance TV and WE tv. Russia Today, free for mio TV subscribers, is a round-the-clock English-language news channel that offers a unique perspective on Russia. Sundance Channel features independent
        102 words
      • 112 27 REVO Technologies has launched Ikon, the world's first multi-format digital radio with a 3.5-inch colour touch-screen display. To operate the set, users simply tap on its icon-based user interface. The screen also displays radio station descriptions, track and artist information, news headlines
        112 words
      • 96 27 SPORTING a 2.4-inch screen, slide-out Qwerty keypad and optimised for messaging, the Nokia 6760 slide should appeal to SMS and instant messaging junkies. Dressed in black or white, it features a 3.2-megapixel camera, Global Positioning System, High-Speed Downlink Packet Access (HSDPA) and Nokia maps. It
        96 words
      • 107 27  -  JERMAINE NG THE Pen E-P2, the second Olympus interchangeable lens digital camera to comply with the Micro Four Thirds System standard, will be in shops here from this month. The 12.3-megapixel camera features a space-saving mirror-less design and a high-quality black metal body.
        107 words
    • 460 27 NYT [NEW YORK] lan Lynch Smith, a shaggy-haired ball of energy in his late 30s, beams as he ticks off some of the games that Freeverse, his little Brooklyn software company, has landed on the iPhone App Store's coveted (and ev-er-changing) list of
      NYT  -  460 words
    • 325 27 Reuters [NEW YORK] Apple Inc has acquired digital music service Lala, as the dominant online music retailer explores new models for selling songs. Terms of the deal weren't disclosed by Apple, which confirmed the purchase last Friday. ITunes is the leading music service
      – Reuters  -  325 words
    • 148 27 Bloomberg [SEATTLE] Microsoft Corp. will pay departing chief financial officer Chris Liddell US$l.9 million as part of a resignation agreement. Mr Liddell, who is leaving the world's largest software maker at the end of the year, will receive U*****,000 on Dec 31 and U*****,000
      – Bloomberg  -  148 words
  • Page 26 Advertisements
    • 100 26 HITACHI. THE ROOTS FOR A GREENER WORLD. 'r^ffiLi vj ii fflr^HHfßffiTmlffii^fo "■i:--' f:'■• ■&gt;""' ,iipT«^ a'™1. --'w .wg"l £&gt;■■'-'■* VyirSffaffir* I*:th1 *:th- ■"'Ti^y-lii■ 'j■' -i ■''liiy-"' ■adr'-'ffijra"'^ *Bjtf^-' *&gt;Mt-r- ITJaKIiiMfIBMBMi» ■i fflgaSSUJ fi !¥fe.? VsffiP- '■'t^SK^'" "*H V ■^-Jli'Sl^' V-■ J^^K &gt; J'i' :'"'-djii^SiSfcCl^wyL*JS' &gt;^^y "ij?^hJfißrjl''AfJßHß3f?j&gt;L ""»*3 -~~-T-^-^fft SHLS^Hut^^HflDl^F^l^c■^ '■"■^■L
      100 words