The Business Times, 30 December 2009

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Total Pages: 26
1 26 The Business Times
  • 20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 123/08/2009 Wednesday, December 30,2009
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  • 888 1  -  OH BOON PING Low volume, earnings and economic uncertainties are a worry, but most rule out any major disruption By [SINGAPORE] Things are looking pretty solid in equities. Stock markets have posted a V-shape rebound, and some research houses even expect indices
    : Bloomberg  -  888 words
  • 517 1 ■NYT Plan for interest bearing deposits for banks seen by some as part of a final exit strategy [NEW YORK] The Federal Reserve on Monday proposed allowing banks to park their reserves at the central bank, a move aimed at weaning
    ■NYT  -  517 words
  • MARKETS DIGEST
    • 84 1 IS$ (S$ per US$) 1.406 (US$/S$ per 1.603 2.253 URO (US$/S$/E) 1.442 2.027 Foreign currency per US$ S$ 'EN 91.70 65.20 3.434 2.443 IK$ 7.756 5.517 !AHT 33.36 23.73 lUPIAH 9,435 6,712 lENMINBI 6.829 4.858 INDIAN RUPEE 46.67 33.20 1.123 0.799 1 COMP 1,275.22 +2.49 IIKKEI225 10,638.06 +3.83 1ANG
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    • 28 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONGKONG 5.00 INDONESIA 15.287 TAIWAN 4.696 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.54 INDIA 11.75 Source:
      Bloomberg  -  28 words
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  • Page 1 Miscellaneous
    • 57 1 -gSM^^ TRANSPORT HUB EXECUTIVE MONEY MEDIA ITV^K COMPANIES -^SfeJl I, Citroen car sales make Banged-up stocks ready Online content: r End of an era 4 H upforLCVdip to rebound to pay or not to pay *-\z I for Chartered G /■BS'^V PAGE 17 PAGE 26 PAGE 14 H -Jfl&Sl PAGE
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  • TOP STORIES
    • 582 2  -  LEE U-WEN Singapore, too, will maintain its relevance to the rest of the world By [SINGAPORE] Just over 30 years have gone by since China first adopted an open-door policy on its way to soon becoming the world's second
      LAU FOOK KONG/THE STRAITS TIMES  -  582 words
    • 408 2 Bloomberg LATEST US DATA Key index rises to 52.9 in Dec; home prices up in Oct [WASHINGTON] Confidence among US consumers rose in December for a second month as pessimism over the outlook for jobs diminished. The Conference Board's confidence index increased to 52.9,
      – Bloomberg  -  408 words
    • 374 2  -  VINCENT WEE Reinsurer's owners include Temasek unit, NTUC Income By [SINGAPORE] Japanese trading house Mitsui Co has made a big move into the general reinsurance market, spending a reported 4 billion yen (5561.2 million) for just under half of ACAL Holdings, the holding
      374 words
    • 507 2  -  VINCENT WEE Crew of PIL vessel is safe and well after long ordeal By [SINGAPORE] Piracy continues apace in the busy dry monsoon season as Somali pirates renewed some stocks while pirates in the Malacca Straits made another unsuccessful attempt on
      507 words
    • THREE-MINUTE DIGEST
      • 53 2 THINGS are looking pretty solid in equities. Stock markets have posted a V-shape rebound, and some research houses even expect indices to hit fresh highs in the year ahead. But analysts also see some major headwinds next year that could derail any
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      • 75 2 THE Federal Reserve on Monday proposed allowing banks to park their reserves at the central bank, a move aimed at weaning the economy off extraordinary infusions of cash and curbing inflation. The Fed would create the equivalent of a certificate of
        75 words
      • 93 2 JUST over 30 years have gone by since China first adopted an open-door policy on its way to soon becoming the world's second largest economy, but it will take a much longer time for the country to rise to
        93 words
      • 51 2 JAPANESE trading house Mitsui Co has made a big move into the general reinsurance market, spending a reported 4 billion yen (5561.2 million) for just under half of ACAL Holdings, the holding company for all interests associated with Syndicate 1965. TOP STORIES, PAGE
        51 words
      • 65 2 JAMIE Dimon, JPMorgan Chase chief executive, has told UK Chancellor of the Exchequer Alistair Darling that a 50 per cent tax on bankers' bonuses would unfairly penalise the US bank, a person close to the firm said. Mr Dimon pointed out that the
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      • 63 2 CHARTERED Semiconductor Manufacturing kicked off the decade as Singapore's most promising technology counter but rounded its listed history at the other end of the mainboard spectrum as a fallen star. The chip-maker was officially de-listed from the Singapore Exchange yesterday after it was acquired
        63 words
      • 49 2 MOODY'S Investors Service has upgraded AIMS-AMP Capital Industrial Reit's corporate family rating to Ba2 from Caal following its recent recapitalisation exercise. The industrial trust formerly known as MacarthurCook Industrial Reit underwent a change of name after a recent debt-and-equity-raising plan. COMPANY NEWS, PAGE 4
        49 words
      • 42 2 CHINESE textile group C&G Industrial Holdings Ltd, which is acquiring waste-to-energy firm CUGU Environmental Protection International Ltd, is targeting to complete the 563.7 million yuan transaction within three months. COMPANY NEWS, PAGE 5
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      • 51 2 SP SERVICES announced yesterday that the household electricity tariff will increase 5.4 per cent for the January-to-March quarter next year due to higher fuel oil prices. The price will rise 1.18 cents per kWh to 22.87 cents per kWh. SINGAPORE NEWS, PAGE
        51 words
    • 1310 3  -  VIKRAM KHANNA YEAR IN REVIEW After stepping back from the brink, the world economy holds better days ahead, but worries abound By [SINGAPORE] At a New Year's Eve party on Dec 31, 2008, the guests many of them bankers raised a toast: "Here's to
      KELVIN CHAN/THE NEW PAPER  -  1,310 words
    • 504 3 Bloomberg CEO says US bank paid taxes, didn't take UK bailout [NEW YORK] Jamie Dimon, JPMorgan Chase chief executive officer, has told UK Chancellor of the Exchequer Alistair Darling that a 50 per cent tax on bankers' bonuses would unfairly penalise the US
      Bloomberg; REUTERS  -  504 words
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  • Page 3 Advertisements
    • 27 3 JACKPOT $5,000,000. TOMORROW! IPLAYi Always play with care. Towards Community W^mM IreaponalbUJf Do not bet illegally. Furpose and Benefit f— J RGB Beg No *****0202G I POOLS
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  • COMPANY NEWS
    • 547 4  -  WINSTON CHAI Ex-market darling delisted from SGX following takeover by Abu Dhabi's ATIC By CHARTERED Semiconductor Manufacturing kicked off the decade as Singapore's most promising technology counter but rounded off its listed history at the other end of the mainboard spectrum as a fallen
      BLOOMBERG  -  547 words
    • 298 4  -  UMA SHANKARI Re-rating follows recapitalisation exercise By MOODY'S Investors Service has upgraded AIMS-AMP Capital Industrial Reit's corporate family rating to Ba2 from Caal following its recent recapitalisation exercise. The industrial trust which was formerly known as MacarthurCook Industrial Reit underwent a change of name after
      298 words
    • 952 4  -  BROKERS IN FOCUS Local stockbrokers say the 2008 meltdown has impacted them less than the Asian financial crisis of 1997. FELDA CHAY reports THE sub-prime mortgage crisis and the ensuing worldwide financial meltdown may have led many economists to draw parellels with the Great Depression of
      952 words
    • 537 5  -  FELDA CHAY Firm seeks approval of shareholders and whitewash resolution on Jan 14 By CHINESE textile group C&G Industrial Holdings Ltd, which is acquiring waste-to-energy (WTE) firm CUGU Environmental Protection International Ltd (CUGU EPIL), is targeting to complete the 563.7 million yuan
      537 words
    • 595 5 Bloomberg Rise fuelled by improved outlook for exporters [SHANGHAI] Emer-ging-market equity funds inflows tripled last week as the outlook improved for de-veloping-nation exporters, EPFR Global said. The funds attracted US$l.7 billion in the week ended Dec 23 from U*****.4 million in the previous
      Bloomberg; REUTERS, XINHUA  -  595 words
    • 297 7 West Vencedor delivered ahead of schedule and within budget KEPPEL FELS wrapped up a record year of rig deliveries with the completion of a drilling tender for Norway's Seadrill. It said yesterday that West Vencedor, the sixth of seven KFELS semi-sub-mersible drilling
      297 words
    • 268 7  -  VINCENT WEE By^ OFFSHORE construction player Swiber Holdings has continued its year-end spree of contract wins with a US$75 million letter of award (LOA) to provide underwater inspection, repair and maintenance services for an oil major in South-east Asia. The LOA has
      268 words
    • 227 7 KEPPEL Integrated Engineering (KIE) deputy chairman Michael Chia will replace Chua Chee Wui as KlE's CEO from Jan 13, 2010. Mr Chia, who will retain his position as deputy chairman, is also the managing director (offshore) of Keppel Offshore Marine Limited. Prior
      227 words
    • COMPANY BRIEFS
      • 55 7 VAN der Horst Energy said that the planned convertible bond issues by its subsidiary, Van der Horst Enzyme, have been canned. Earlier, Luminor Pacific Fund had intended to subscribe for $5 million convertible bonds. Tembusu Growth Fund Ltd had also planned to subscribe
        55 words
      • 48 7 Elec Eltek sells 49% stake in United Hill ELEC Eltek International Company Ltd is selling the group's 49 per cent interest in United Hill Group Limited to Ocean Glory Ltd for about US$lO.6 million. It plans to use the sale proceeds for expansion plans to enhance shareholder value.
        48 words
      • 73 7 YUEXIU Property Company Ltd, formerly Guangzhou Investment Company Limited, said its 95 per cent owned subsidiary has bought a plot of land in Zhongshan City of Guangdong Province for 544 million yuan (Ssll 1.72 million). The 167,000 square metres land, which has a permissible
        73 words
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    • 1436 4 x^\ PNE MICRON HOLDINGS LTD P^fP i (Incorporated in the Republic of Singapore) \f A J (Company Registration Number: *****5909 M) Registered Office: 996 Bendemeer Road #07-06 Singapore *****4 NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of the Company will be held at The Orchid Country Club, 1
      1,436 words

  • Page 5 Advertisements
    • 2701 5 PACIFIC ANDES RESOURCES DEVELOPMENT LIMITED (Incorporated in Bermuda with limited liability) NOTICE IS HEREBY GIVEN that the Annual General Meeting of PACIFIC ANDES RESOURCES DEVELOPMENT LIMITED ("the Company") will be held at Meeting Room 208-209, Level 2, Suntec Singapore, International Convention Exhibition Centre, 1 Raffles Boulevard, Suntec City, Singapore *****3
      2,701 words

  • SINGAPORE MARKETS
    • 706 6  -  OH BOON PING CURRENCIES Unit makes modest gains against euro, Swiss franc THE rebound was sharp and swift. In early trading yesterday, the greenback jumped to a five-day high against the Japanese yen and made modest gains against the euro and Swiss franc. But
      706 words
    • 228 6 Changes since Dec 31,2008 YEAR TO DATE DEC 29'09 HIGH LOW CLOSE CHNG US$ vs CURRENCY JPY 91.73 1.23 101.45 86.51 SGD 1.41 -1.65 1.5579 1.3800 IDR 9,445 -12.95 12,150 9,325 THB 33.36 -3.89 36.31 33.14 CNY 6.83 0.08 6.8560 6.8190 MYR 3.44 -0.44 3.7370 3.2195 CURRENCY
      228 words
    • 99 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 6 7 4 0 0 0 6 7 4 lanufacturing 93 33 57 13 99 36 70 Commerce 34 11 22 39 16 25 "pt/Stor/Comms 31 34 ■inance 22 22 instruction 10 11 10 14 'roperties
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    • 114 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 30,527 30,527 42,563 42,563 lanufacturing 448,745 25,856 474,601 195,681 913 196,594 Commerce 180,193 23,537 203,730 124,316 4,597 128,913 ■pt/Stor/Comms 135,616 31,306 166,922 149,808 6,398 156,206 :inance 26,621 26,621 101,488 101,488 Construction 66,964 5,782 72,746 22,701 122 22,823 'roperties 100,832
      114 words
    • 103 6 lapitaLand 4.150 -0.020 lapitaMall 1.800 4-0.010 jtyDev 11.400 -0.040 lomfortDelGro 1.630 4-0.020 Iosco Corp 1.210 4-0.070 IBS Grp 15.300 4-0.140 :&N 4.200 4-0.040 ienting SP 1.280 4-0.040 iolden Agri 0.505 tO.010 IK Land 4.750 IMH 30.280 -0.080 ISH 17.680 -0.280 lardineC&C 26.240 4-0.020 leppel Corp 8.230
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    • 745 6  -  JAMIE LEE DMG PARTNERS SECURITIES, Dec 29 Tourism TOURISM recovers with strong November growth. Our thoughts: When the integrated resorts open their doors in 2010, we believe tourism will take centrestage in the economy's next wave of growth. The success stories of countries with similar service offerings reinforce
      745 words
    • 579 6  -  R SIVANITHY STOCKS EXPECTATIONS of a continued rise on Wall Street and a year-end push into 2010 helped add 14.08 points to the Straits Times Index yesterday, lifting it 32 points for the week to a 12-month high of 2,869.76.
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    • 4 6 DAILY
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    • 61 6 Dec 29 VALUE CLOSE IT OB/OS 424.00+174.C IT CADI -*****.00 +205. IT 10-day MA -*****.00 +43.0i TSE ST Mid Cap 692.46 +5.9 TSE ST Small Cap 544.71 +9.4' TSE ST All Share 708.21 +4.31 TSE ST China Top 283.83 +5.8 TSE ST China 298.82 +3.1 TSE ST
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    • 62 6 VOLUME MAP Tech 132,831,000 Ocean us 103,206,000 Genting SP 92,996,000 Golden Agri 63,181,000 Swing Media 41,740,000 Transcu Grp 40,439,000 Cosco Corp 31,204,000 VDH Energy 30,902,000 LantroVis 27,665,000 Ying Li 26,831,000 VALUE(S) Genting SP 117,178,740 Ocean us 44,554,220 Cosco Corp 37,265,690 SGX 32,354,820 Golden Agri 31,812,985 Noble Grp
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    • 97 6 CLOSE UP MS India 10US$ 1516 105.4 5.2 iBXT MSKorea 10US$ 4624 63.2 1.' ilA.ES.0912 1466 36.0 2. reat Eastern 1350 30.0 2. iBS.ES.0912 1524 24.0 ;gx 820 15.0 1. "hai Prime Fd 681 14.1 1. iBS Gri 1530 14.0 0: ;GX.ES.O912 816 14.0 1. ;GX.ES.1OO1 822 13.0 BY
      97 words
    • 118 6 CLOSE DOWN DBXT FTVietnam 10US$ 4321 -127.9 -2.1 LD 10US$ ***** -95.6 -0.6 ISH 1768 -39.3 -1.6 China H 10US$ 1638 -22.5 -1.0 ICBC Bk5.1%NCPS 100 ***** -20.0 -0.2 ;txpo ioo 1358 -12.0 -0.9 IMH 3028 -11.2 -0.3 Creative Tech 648 -11.0 -1.7 Deloni 77 -11.0 -12.5 At DBeCW/*****2
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    • 85 6 Dec 29 %CHNG CLOSE FR Dec 28 YR SSLOW R2009 S$ HIGH USS 1.4067 -0.04 1.5579 1.3800 Euro 2.0235 -0.02 2.0952 1.9150 Pounds 2.2525 -0.26 2.4366 2.0356 1.2518 -0.29 1.2942 0.9453 ren* 1.5336 0.17 1.7278 1.4831 Rupiah* 0.***** -0.10 0.***** 0.***** Baht* 4.2167 -0.15 4.3390 4.1040
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  • Page 7 Advertisements
    • 2497 7 PACIFIC ANDES RESOURCES <f>F.THE ARY DEVELOPMENT LIMITED A,y[ ™oup limited (Incorporated in Bermuda with limited liability) H (the "Company") CHINA FISHERY GROUP LIMITED (Incorporated in the Cayman Islands) NOTICE IS HEREBY GIVEN that a Special General Meeting of the Company will be held at Meeting mhbphmhhhbhhhh _____mvphWVM^^M Room 208"209' Level
      2,497 words

  • SINGAPORE NEWS
    • 426 8  -  JERMAINE NG New franchisee aims to open branches in high-traffic heartland malls By SINGAPORE, already dubbed the Garden City, is fast earning a name for itself as the Fast-food City, as more brands set up shop here. The latest is Revenue Valley, which
      FILE PHOTO  -  426 words
    • 363 8  -  FELDA CHAY Directions will also apply to Malay and Indian languages By THE Ministry of Education (MOE) is set to announce initial changes to the teaching of the Chinese language in March next year, as part of its bid to spark more
      363 words
    • 276 8  -  EMILYN YAP LCBC expects to complete the project in 14 months By LUM Chang Holdings subsidiary Lum Chang Building Contractors (LCBC) has won a $27.5 million de-sign-and-build contract for the third phase of a commercial development at Changi Business Park Avenue 3. The
      276 words
    • 262 8 THE Singapore Indian Chamber of Commerce and Industry (SICCI) has appointed Hernaikh Singh, now associate director at the Institute of South Asian Studies, its chief executive officer with effect from Jan 1. The chamber said yesterday Mr Singh
      262 words
    • 249 8 SP Services announced yesterday that the household electricity tariff will increase 5.4 per cent for the January-to-March quarter next year due to higher fuel oil prices. The price will rise 1.18 cents per kWh to 22.87 cents per kWh. The average increase
      249 words
    • SINGAPORE ROUNDUP
      • 54 8 MARINA Bay Sands said yesterday that the final piece of the Sands Sky Park was lifted on Monday. Cladding the outside of the structure and work on the 150-metre pool began in December. The Sky Park will feature a public observation deck, gardens, an
        54 words
      • 69 8 THE Ministry of Manpower has convicted two construction companies for safety violations relating to work at heights. Ho Pak Kirn Realty was fined $36,000 for violations relating a building project in Braddell Road. Xuyi Building Engineering was fined $60,000 for failing to take
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  • Page 8 Advertisements
    • 7 8 www.omy.sg fjtt^| ICZ) p*^*3 I i\ Nil
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    • 548 8 /^7V\ SKY CHINA PETROLEUM SERVICES LTD. I 1 (Incorporated in the Republic of Singapore) \ltJj\J (Company Registration No.: *****2303R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING ("EGM") of SKY China Petroleum Services Ltd. (the "Company") will be convened on 19 January 2010 at
      548 words
    • 468 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 IN THE MATTER OF AND THE COMPANIES ACT (CHAPTER 50) IN THE MATTER OF AND CORALIS SINGAPORE PTE. LTD. IN THE MATTER OF [COMPANY NO: *****5632R) LSp MANAGEMENT PIE. LTD. (IN MEMBERS'VOLUNTARY Company Registration No: *****4613G LIQUIDATION] (IN MEMBERS'VOLUNTARY LIQUIDATION) Extract
      468 words

  • ECONOMY WATCH
    • 407 9 -Reuters But opposition halted votes on economic reforms [SEOUL] South Korea's embattled Parliament opened a year-end session yesterday during which the ruling and opposition parties plan to pass a 2010 state budget laden with stimulus spending but delaying votes on economic reforms. The
      -Reuters  -  407 words
    • 434 9 Reuters [SEOUL] South Korea's current account surplus fell 65 per cent in November from October and its overseas sales this month probably remained depressed as global trade has yet to fully emerge from the worst slump in decades. The current account surplus
      ■ Reuters  -  434 words
    • 878 9 AFP YEAR IN REVIEW Economies began year on the brink of disaster before a modest H2 recovery [WASHINGTON] The global economy that was headed for an abyss at the start of 2009 now appears to be in recovery, but remains fragile and
      AFP; REUTERS  -  878 words
    • 256 9 Reuters [JAKARTA] Indonesia's economy is forecast to grow 4.5 per cent in the fourth quarter from a year ago, broadly in line with previous estimates, as signs of a pick-up in some sectors was not yet sufficient to revise up growth, the finance
      Reuters  -  256 words
    • 241 9 Reuters [KUALA LUMPUR] Malaysia, Asia's third-most trade-dependent economy, may grow 4 per cent in 2010, helped by government spending, a leading economic think tank said yesterday. The Southeast Asian economy, hit hard by the global economic downturn, is likely to shrink by 2
      ■ Reuters  -  241 words
    • 389 9 Reuters Shortfall this year to reach 290b pesos; for next year, it will probably be 293b pesos [MANlLA] The Philippines is set to post record budget deficits this year and next with revenues dampened by the slow global economic recovery and spending
      – Reuters  -  389 words
    • 175 9 Reuters [WASHINGTON] US President Barack Obama on Monday signed into law an increase in the US national debt limit to US$l2.4 trillion, the White House said. Congress approved an increase in the debt limit from US$l2.l trillion on Thursday, winning two more
      Reuters  -  175 words

  • MALAYSIA/INDONESIA
    • 506 10  -  PAULINE NG He observes govt's purchase of new fighter jets would benefit middlemen By in Kuala Lumpur FORMER Malaysian prime minister Mahathir Mohamad has condemned a government plan to replace its 18 MiG-29N Fulcrum jets as wasteful. His rationale is that the
      506 words
    • 424 10 Bloomberg Bursa mulls move to attract new investors to sukuk [KUALA LUMPUR] Malaysia, the world's biggest market for Islamic bonds, may enable individuals to trade syariah-compliant debt on its exchange as part of a plan to attract new investors to the securities. "Bursa Malaysia is
      Bloomberg  -  424 words
    • 458 10 Reuters [JAKARTA] An Indonesian court yesterday freed a woman charged with defamation for sending an e-mail to friends complaining about her treatment at a private hospital, a case that fuelled public anger and demand for legal reform. The unpredictable legal system in
      ■ Reuters; REUTERS  -  458 words
    • 306 10 Reuters [JAKARTA] Indonesia will not raise its basic electricity tariff in January, the chief economics minister said on Monday, as the government is still reviewing the impact of any hike on its 2010 state budget. Some analysts have flagged that a planned increase
      – Reuters  -  306 words
    • 529 10 -MBT [KUALA LUMPUR] General insurer Tahan Insurance Malaysia Bhd, currently under Bank Negara Malaysia's control, will call for bids through an open tender for its entire business in the first week of January next year. "We have received several enquiries from potential investors in the last
      -MBT  -  529 words
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      105 words

  • GREATER CHINA/INDIA
    • 742 11 Bloomberg Nathaniel Rothschild and Robert Kuok among those who may buy shares [HONG KONG] Companies controlled by Malaysian billionaire Robert Kuok, and Nathaniel Rothschild may buy shares in United Co Rusal's US$2 billion Hong Kong initial public offering, said three people familiar
      Bloomberg  -  742 words
    • 467 11 Reuters It will use stimulus spending to shift 330,000 people [BEIJING] China will use stimulus spending to speed up shifting 330,000 people slated to be displaced for a vast water transfer project, accelerating work on the troubled scheme, an official newspaper said yesterday. The displaced
      Reuters; REUTERS  -  467 words
    • 175 11 AFP [MUMBAI] Aamir Khan's new film has given Bollywood a boost after a disappointing year marked by a damaging strike, swine flu fears and a series of big budget flops. The romantic comedy 3 Idiots, which was released worldwide last Friday, Christmas Day, took more
      AFP  -  175 words
    • 475 11 Reuters China has stepped up pace of IPO approvals recently [SHANGHAI] CNR Corp, one of China's top two train makers, limped in with a lukewarm market debut after its US$2 billion IPO here, signalling investors' intolerance for high valuations as a
      ■ Reuters  -  475 words
    • 317 11 -AP [NEW DELHI] Japan's new prime minister yesterday offered to consider selling nuclear power technology to India, but called on New Delhi to sign the nuclear test-ban treaty. Energy-starved India is interested in wooing Japan's thriving nuclear power industry, but Tokyo has so
      -AP  -  317 words
  • Page 11 Advertisements
    • 150 11 I A Mardi Gras Countdown »..—<*-« Celebrate and usher in the new year with a Mardi Gras party to remember at The Atrium with live performances and indoor pyrotechnics. The Atrium Alternatively, enjoy an all you can eat dinner at level 2 with crustacean and a 'live' cooking station while
      150 words

  • ASIA-PACIFIC/WORLD
    • 537 12 Reuters President Lee will likely see little political impact from the decision [SEOUL] South Korea will pardon one of the country's most influential businessmen, former Samsung chairman Lee Kun-hee, for his previous convictions to help its bid to land the Winter Olympics, the justice
      Reuters  -  537 words
    • 806 12 LAT-WP, Reuters Speculators pour in despite leap in delinquency rate [LOS ANGELES] Speculators poured into shares of Fannie Mac and Freddie Mac on Monday, the first day of trading after the Obama administration in effect gave the companies blank cheques of federal support.
      – LAT-WP, Reuters; AP  -  806 words
    • 684 12 -NYT [NEW YORK] Cupping their hands near holes drilled for cable routing, workers at the Boeing Co's 4-acre data processing site near Seattle noticed this year that air used to keep the computers cool was seeping through floor openings. Mindful of the company's drive
      -NYT  -  684 words
    • 304 12 Reuters More imports from region seen as pact takes effect on Jan 1 [BEIJING] A free trade agreement between China and its South-east Asian neighbours, which takes full effect from Jan 1, will help China fill its urgent need for natural
      – Reuters  -  304 words
    • 223 12 Reuters [BANGALORE] General Motors Co (GM) is offering huge incentives to its dealers to speed up the sales of leftover inventory from its Saturn and Pontiac brands, that can push up the carmaker's December sales, the Wall Street Journal said. In a letter
      – Reuters  -  223 words
    • 419 12 Reuters [SYDNEY] Australian farm chemicals maker Nufarm Ltd spurned a takeover offer from China's Sinochem and instead agreed to sell an around US$59O million stake to Sumitomo Chemical Corp, in a deal offering some respite for its shareholders after a series of
      Reuters  -  419 words

  • WORLD
    • 1087 13 AP Disney's challenge will be to get people enthused about 2nd-string heroes [LOS ANGELES] Moviegoers have shown a willingness to be entangled by Spider-Man's web over and over again. Now, as Disney prepares to buy the comic book powerhouse Marvel, it faces the
      AP  -  1,087 words
    • 339 13 ■AP [NEW YORK] Want to forget 2009? Shred it. Scores of New Yorkers and tourists seeking a fresh start in 2010 came to Times Square on Monday to put their bad memories through the shredder at the third annual Good Riddance Day. Ben Winnick, of
      ■AP; REUTERS  -  339 words
  • Page 13 Advertisements
    • 2015 13 f\ CHINA <J y FISHERY X™ CHINA FISHERY GROUP LIMITED (Incorporated in the Cayman Islands) NOTICE IS HEREBY GIVEN that the Annual General Meeting of CHINA FISHERY GROUP LIMITED (the "Company") will be held at Meeting Room 208-209, Level 2, Suntec Singapore, International Convention Exhibition Centre, 1 Raffles Boulevard, Suntec
      2,015 words

  • FOCUS: MEDIA
    • 1593 14  -  A/IT Media firms must now find some way to shift more of the cost burden to consumers, say RICHARD PEREZ-PENA and TIM ARANGO [NEW YORK] OVER more than a decade, consumers became accustomed to the sweet, steady flow of free news, pictures,
      A/IT; REUTERS  -  1,593 words
    • 1122 14  -  HOWARD KURTZ LAT-WP Old-fashioned journalism declined but digital delights changed rules By [WASHINGTON] Are you better off, as a media consumer, than you were 10 years ago? Having lived through the Awful Aughts which began with news organisations vowing to get serious
      LAT-WP  -  1,122 words
  • Page 14 Advertisements

  • Transport HUB
    • 344 15  -  VINCENT WEE Keppel Offshore's Michael Chia takes helm; 3 new members join board By THE Singapore Maritime Foundation (SMF) yesterday announced a major leadership change ahead of the New Year. Its chairman will change for the first time since it was founded in 2004,
      344 words
    • 775 15  -  DAVID HUGHES STRAIT TALK By FEW in the shipping industry are likely to look back at 2009 with undiluted pleasure. It is true that some companies generally those benefiting from sensible, conservative policies in the good times have emerged either relatively
      775 words
    • 1240 15  -  The industry is working on all fronts to minimise any adverse impact on the environment, reports AX SEAH WITHOUT international shipping, global trade would come to a halt, industry would shut down and the lights would literally be turned off in city after
      FILE PHOTO  -  1,240 words
    • TRANSPORT STOCKS
      • 120 15 '000 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 0.68 0.35 1.21 0 78
        120 words
      • 27 15 '000 nt'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings 0.88 8.59 8.59 3.18 3.10 unch -0.01 -0.02 unch -0.02 383 122 59 127 521
        27 words
      • 12 15 '00 'recious Ship legional Cont 18.70 10.20 0.30 0.10 204! 411
        12 words
      • 11 15 '000 Doil iingamas Cont 35.95 1.12 -0.15 unch 151 658;
        11 words
      • 16 15 '000 Aboitiz Equity Intl Container Keppel Marine 9.00 22.50 unch 0.20 7904( unch 37S unch
        16 words
      • 14 15 Evergreen Marine ...17.30 :irst Steamship 47.70 Wan Hai Lines 16.35 0.25 unch -0.10
        14 words
      • 37 15 '000 lawasaki Hvy Ind ..236.00 :awasaki Kisen 264.00 /litsubishi Hvy 332.00 /litsui Eng&Sbldg...226.00 /litsui Osk Lines 492.00 Jippon Express 386.00 JipponYusen 286.00 unch 608! -7.00 510! 3.00 127K 4.00 410( -2.00 839" 6.00 382" -2.00 1156!
        37 words
    • TRANSPORT HUB:AVIATION
      • 671 16 LAT-WP New measures raise concerns travellers may opt not to fly to avoid hassles [LOS ANGELES] Just as US airlines were showing signs of recovering from the deepest recession in decades, the industry is facing the prospect of painful financial fallout
        – LAT-WP; AP  -  671 words
      • 454 16 Bloomberg [TOKYO] Japan Airlines Corp (JAL), Asia's biggest carrier by sales, fell the most in five weeks after reports said a state-affiliated agency may seek bankruptcy for the unprofitable company. Japan Air dropped eight yen, or 8.3 per cent, to 88 yen at
        ■ Bloomberg  -  454 words
      • 521 16 Bloomberg [WASHINGTON] A suspected terrorist's attempt to blow up a US airliner may override privacy concerns and intensify a push for full-body scanning equipment at airports. US officials charged a 23-year-old Nigerian man with trying to blow up Northwest Flight 253
        Bloomberg \  -  521 words
      • 2876 16 AIRLINE CODES: AA American Airlines (AAL) AF Air France (AFR) Al Air India (AIC) AY Finnair Oy (FIN) AZ Alitalia Airlines (AZA) BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
        2,876 words
    • TRANSPORT HUB: LAND
      • 581 17  -  SAMUEL SEE Sales rise 30% from 2008, gaining from yen's rise, fall of euro, more models By CITROEN'S once robust light commercial vehicle (LCV) sales may have dropped a gear this year because of the economic slowdown, but its passenger cars will
        581 words
      • 345 17 Bloomberg [INGOLSTADT, Germany] Volkswagen AG's Audi brand plans to add eight models by 2015 as it seeks to challenge Bayerische Motoren Werke AG as the world's largest maker of luxury cars. Audi budgeted 7.3 billion euros (5514.8 billion) in investments
        Bloomberg  -  345 words
      • 379 17  -  SAMUEL EE By A NEW Hyundai Sonata will be launched in Singapore in March, but it will not be operated as a taxi, says authorised Hyundai distributor Komoco Motors. "We are not going to turn it into a taxi," Ron Song, Komoco's director
        379 words
      • 855 17 -LAT-WP Owners face reduced mileage and recharging logistics [WASHINGTON] It was dark and rainy, and the battery on his nifty Mini E electric car was almost gone. Paul Heitmann rolled quietly through the suburban New Jersey gloom, peering through the rain on the
        -LAT-WP; AP  -  855 words

  • Page 16 Miscellaneous
    • 270 16 CRYPTIC CROSSWORD tree (7) B__BB^_^^B__^B h 'H n\ I B^ 21 Body temperature, approximately (5) 5 Commercial vehicles carrying 22 One supports old chap from 23 Lifeless hair matters where electronic wind instruments a Gulf state (5) there's no solution (9) (5) 24 Firm importing music from 25 One shed
      270 words


  • EDITORIAL & OPINION
    • 521 18 THE decision by the government to extend its various credit aid schemes for another year is a welcome year-end gift to the business sector, even if those schemes are being scaled back, as well they should be. Introduced at the onset of the global economic
      521 words
    • 1084 18  -  MICHAEL WINES -NYT There's a sense of disquiet over the implications of China's seemingly boundless expansion By [PASARKEMIS, Indonesia] IN THE Dickensian depths of the Dunia Metal Works here, all is cacophony: The bam bam bam of grease-drenched punches; the rhythmic clank of unspooling
      -NYT; AP  -  1,084 words
    • 808 18  -  ROBERT REICH LAT-WP THE BOTTOM LINE IN September 2008, as the worst of the financial crisis engulfed Wall Street, President George W Bush issued a warning: "This sucker could go down." Around the same time, as Congress hashed out a bailout
      LAT-WP  -  808 words
    • 1162 19  -  BJOOI TAN TECK MING IRAS's message to taxpayers is: Come forward voluntarily to admit your wrongdoings and avoid prosecution By and JUDGING by the numbers in the tax authority's latest annual report (2008-2009), the taxman had indeed been busy auditing and collecting. Across the board,
      ST FILE PHOTO  -  1,162 words
    • 709 19  -  EVI NURVIDYA ARIFIN ARIS ANANTA By and IN A RECENT forum on opportunities and challenges for the Indonesian economy, Vice-President Boediono expressed optimism. Saying the country's huge population of 230 million people is an important asset, he also highlighted three more: fiscal security, a strong
      REUTERS  -  709 words


  • SINGAPORE STOCKS
    • 8876 20 Transaction date: Dec 29 Hii Low Code Col Sale COOP) Hii Low Bl Seller C'vr P/E $mil 18 3 3148 8Telecom 9.5 2.5 5834 A-Sonic 34 16 5000 ABR Hldgs 15.5 5.5 1938 AEI Corp 8 1 1100 AEM. 29.9 13.3 7530 AIMSAMPIReit 23 10 2101 APOil 93
      8,876 words
    • 1674 21 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E $mil 10 6 1181 sAAGrp 25 12 8538 t APStrategic 4 0.5 1501 s Advanced System 7.5 3.5 3480 t Adventus 20 8.5 3518 t Afor 12.5 2 1524 t Alantac 11 4 7814 t Albedo
      1,674 words
    • 409 21 Hii Low Code Conn Sale fooo) Hii Low Bui Seller C'vr P/E jffl 111 107 6389 ABFSG Bond ETF 109 819 427 CIMBAsean40 1OOUSS US811 290 149 DBSSTIETF1OO 288 -1 4627 3534 DBXT DJE50 10US$ US4335 3282 1682 DBXT FTChina25 10US$ US2975 5819 3228 DBXT FTViGtnam 10US$ US4321
      409 words
    • 249 21 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
      249 words
    • 9391 21 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 2.171/ AIGIF Spore Bond Fund/A 1.381/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.18/ APS Alpha Fund (USD)!** 0.84/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt Spore Pte Ltd AXAWM -Talents
      9,391 words
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  • FINANCE & COMMODITIES
    • 374 22 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Dec 28 World Index Preliminary 837.6 0.2 23.6 0.5 24.8 0.4 27.: t EAFE Preliminai 785.8 0.4 21.0 0.8 24.9 0.7 28.I Euro[ Prelim inan
      374 words
    • 126 22 As at 9am Dec 29 )i foreign currency: lurrencies Bid Offer »jst dollar 1.2350 1.2720 .an dollar 1.3400 1.3560 luro 2.0080 2.0310 IZ dollar 0.9870 1.0090 iterlini ind 2.2360 2.2620 IS dollar 1.3980 1.4140 .ocal dollars to 100 units rf foreign currency: Currencies Bid Offer Ihi
      126 words
    • 177 22 Dec 29 Bid fer Bii Overnight 0.03 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 0.02 USS Offer PAR 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months -All 0.25 0.29 0.35 0.37 0.55 0.90 1.00 Offer 0.20 0.24
      177 words
    • 24 22 Dec 29 STI Dec 2870 IIMSCI Dec 343.6 346.3 346.2 "aiwan Dec 291.4 291.9 291.3 Source: MF Global (S) He. Ltd
      24 words
    • 21 22 Dec 29 Bid Offer -month 1.4055 1.4069 j-months 1.4060 1.4074 {-months 1.4062 1.4077 i-months 1.4069 1.4084 Source: OCBC
      21 words
    • 61 22 Dec 29 lelivery lonth Opening Range Sett Av Price Price Hi Vol Open Done Position Low Ian 10 2560 =eb 10 2598 War 10 2630 <\pr10 2621 FotaI o/p: ***** contracts 2530 2560 2546 2566 2609 2561 2590 2632 2586 2596 2636 2594 Turnover: 9694 lots Market tone:
      61 words
    • 343 22 Dec 29 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar10 Jun10 Sep10 Dec10 99.6250 99.3200 98.9200 98.5050 0 0 0 0 ***** 6544 3136 4799 EUROYEN TIBOR FUTURES Mar10 99.6500 99.6500 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 99.6100 99.6100 99.6450 99.6650 99.6550 99.5700 99.5450 99.5450
      343 words
    • 185 22 Dec 29 tUBBER Futures (Closing prices) !SS 3 (US cents/kg) flonth High Low Close Sett Volume (lots) O/l lots) Ian 10 287.5 =eb 10 Vlar 10 <\pr10 292.3 Vlay 10 lun 10 292.0 285.5 292.3 292.0 287.5 286.5 288.0 290.0 290.5 290.5 126 100 34 668 789 614
      185 words
    • 448 22 Dec 29 iuro 'en (on 'eso lam 'ouni wstralia 0.928 6.082 0.618 6.907 41.560 84.023 0.817 10.429 3.058 1.254 74.975 41.170 1.252 6.644 0.918 28.744 29.709 0.556 0.891 Canada 1.078 6.554 0.666 7.443 44.784 90.543 0.880 11.238 3.295 1.352 80.793 44.364 1.349 7.159 0.990 30.975 32.014 0.599
      448 words
    • 84 22 Dec 29 'eriod Issue code Maturity Yesterday's Bid Hi< Day's |h Low I-Month BQ*****V 01.04.2010 -Year BY*****N 01.11.2010 0.54 0.55 0.5 0.5 3OVERNMENT BONDS >eriod Issue Coupon Maturity code rate Close Bid Day's High Low !-Year NX*****H 3.625 I-Year N*****0N 1.375 '-Year N*****0S 2.875 0-Year NX*****W 2.500 5-Year
      84 words
    • 69 22 Dec 29 mth 0.***** 0.***** mths 0.***** 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 1.***** mths 0.***** 0.***** mths mths 2 mths 0.***** 0.***** 0.***** 0.***** 0.***** 0.***** SWAP Mid rates (S$) 1 yr 0.***** 2yrs 1.***** 3yrs 1.***** 4yrs 2.***** 5yrs 2.***** 7yrs 2.***** 10yrs 3.*****
      69 words
    • 145 22 Dec 29 /oz) tec tec -long Kong 1111.30 1105.40 (S$) Selling Buying (S$I Sellim Bui 'im .ondon Dec 24 Dec 23 1101.35 1092.60 11m ic 1 no} /in 1 oz 1743.03 1581 UBS GOLD LUNAR KINEBAR (S$) Selling Buying Source: Thomson Reuters 10gm SILVER $610.97 501 Selling Buying
      145 words
    • 99 22 Dec 28 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jan 10 1029.00 999.50 1034.00 996.75 Mar 10 1038.00 1008.00 1043.00 1006.00 May 10 1043.75 1014.50 1048.75 1013.25 Jul 10 1048.75 1019.50 1053.00 1018.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Ian 10 39.63 38.46 39.71 38.49
      99 words
    • 71 22 CRUDE OIL PRODUCTS Dec 28 origin^ t/barrel Close Cham irent blend (1-Mth F) 77.22 2.4. VTI (Near Mth) 78.66 0.8I iubai (1-Mth F) 75.98 0.9I "apis blend 80.80 0.8! i/linas 78.40 0.8! >RODUCT JS$/barrel (FOB S'pore) Close Chanqi Naphtha Jet Kerosene 78.00 84.05 -1.2' 0.1 US$/barrel )pec Oil Basket Price
      71 words
    • 157 22 Dec 29 Against SS Currencies Bid Offer Against USS Bid Offer S$iUS$ to one unit of foreign currency: Australian dollar 1.2510 1.2529 0.8903 0.8908 Canadian dollar 1.3482 1.3499 0.9595 0.9598 Euro 2.0253 2.0278 1.4414 1.4417 NZ dollar 0.9973 0.9990 0.7098 0.7103 Sterlini ind 2.2520 2.2548 1.6027 1.6031
      157 words
    • 62 22 ,luminium, 99.7% uritv (US$/tonne) Close Previous :ash 2218.10 2219.00 months 2255.00 2256.00 Copper, Grade A (US$/tonne) :ash months 7035.50 7070.00 6965.25 7000.00 .ead (US$/tonne) :ash 2320.02 months 2349.50 2300.25 2330.50 lickel (US$/tonne) :ash months *****.00 *****.00 *****.00 *****.00 'in (US$/tonne) :ash months *****.50 *****.00 *****.00 *****.00 inc, Specia
      62 words
    • 75 22 Dec 24 (£/tonne) Close Prev Hii ih/Low War 10 2242 2231 2245/2233 Way 10 2261 2248 2261/2253 lul 10 2235 2228 2236/2228 iep10 2207 2199 2211/2205 IOFFEE (US$/tonne) Close Pev High/Low Ian 10 1287 1295 1299/1284 Vlar 10 1327 1335 1342/1325 Vlay 10 1363 1370 1374/1362 SUGAR (US tonne)
      75 words
    • 2350 22 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 3 unch 225 >036AdvanceSCTLtdW*****9 0.5 !756#AsiaticGrp(H) LtdW*****2 9 H05#Asiatravel W*****7 36 >878 Aztech Systems W*****6 0.5 unch 33 Aztech Grp W*****3 8.5 0.5 564 l912BakerTech W*****3
      2,350 words

  • Page 23 Advertisements
    • 3107 23 The Business Times mm Shipping Times 0k ___F^| BlWn^BffTWWtHT^ffffßßnß WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M f^f^TV MM K^£ afliWrWr'^TO'lTlTmimß V"v__l\lAlAM UAI lIMFr TEL *****588 (14UNES) FAX:*****163 1 *>-! a■ '-_!»>- K|B9a| MPi9rMHE V\^J^B 1 WAN HAI INt--) PKL TEL: (03| *****85S FAX: (03) *****288 PEN TCL: (04) *****00
      3,107 words

  • Page 24 Advertisements
    • 3322 24 111 E eastern car liner, ltd 11 HSi (33^^ I If-*— 1 I 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 SUR I KCH IKK IHSUiillMllßffllilliUM HDM SERVICE FMX and SMX
      3,322 words

  • EXECUTIVE MONEY
    • 961 25  -  MATTHEW LYNN Shortage of capital from other sources, persistent inflation, strong growth will fuel equities [LONDON] EVEN the most practised soothsayer will struggle to make any detailed predictions for the next 10 years. It's hard enough to know what will happen
      AFP  -  961 words
    • 944 25 ■AP [NEW YORK] Homes in the United States are selling at their fastest clip in nearly three years, the unemployment rate is falling and stocks are up 66 per cent since their March lows the best performance since the *****. What's not
      ■AP  -  944 words
    • 683 25 Bloomberg [NEW YORK] Barton Biggs and Marc Faber, who recommended buying stocks in March when investors were dumping them, are again united as they predict gains for US equities and the dollar. Shares in the largest equity market and the US currency
      Bloomberg  -  683 words
    • 981 26  -  JOHN DORFMAN These stocks, down 15 per cent or more for the quarter as of Dec 24, are likely to recover smartly in 2010 By FROM 1999 through early 2007, I compiled a quarterly Casualty List of banged-up stocks that I believed had good rebound
      AP  -  981 words
    • 402 26 Reuters [NEW YORK] Two companies filed for initial public offerings on Monday, betting that investors would see opportunity in the battered financial sector and the nascent green technology industry. Financial software maker SS&C Technologies Holdings Inc filed for an initial public
      Reuters  -  402 words
    • 1056 26 Bloomberg [WASHINGTON] The US economy next year will turn in its best performance since 2004 as spending perks up and companies increase investment and hiring, says Dean Maki, the most-accurate forecaster in a Bloomberg News survey. The world's largest economy will expand 3.5
      – Bloomberg; AFP  -  1,056 words
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