The Business Times, 11 January 2010

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Total Pages: 28
1 28 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Monday, January 11,2010
    23 words
  • 816 1  -  Commodities on a roll, powered by weather, car sales and weak US dollar By OH BOON PING [SINGAPORE] The buying has started again. Last week, a confluence of factors such as cold weather and positive economic data drove a number of commodity
    Source: Bloomberg  -  816 words
  • 157 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST Index 2,922.76 +25.14 KL COMP 1,292.98 +20.20 NIKKEI 225 10,798.32 +251.88 HANG SENG 22,296.75 +424.25 SET INDEX 738.96 +4.42 JAKARTA COMP 2,614.37 +80.01
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  • 397 1  -  He declined Russian steel group’s job offer, says report By ARTHUR SIM [SINGAPORE] Charles “Chip” Goodyear may have left Temasek Holdings in mysterious silence, but the man still appears to be very much in demand. Mr Goodyear, who became a Temasek board member in February
    397 words
  • Page 1 Advertisements
    • 157 1 DINING OUT The Singapore taste INVESTMENT More debt issuance on the cards CHINA Rebounding trade surpasses all expectations PAGE 2 PAGE 9 PAGE 21 OYSTER PERPETUA SUBMARINER DATE'S IN YELLOW ROLESOR 1 MM f <o i V* O EX PER ETUAL SUB ARI PR 1000 SUP CHRONOMETh <2 OFFIC CER
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  • TOP STORIES
    • 575 2 Crude comes in from the cold; copper roars THE buying has started again. Last week, a confluence of factors such as cold weather and positive economic data drove a number of commodity classes to new 12-month highs. On Wednesday, the Commodity Research Bureau spot index jumped to 431.06,
      575 words
    • 850 2  -  WALL STREET INSIGHT By ANDREW MARKS in New York IT would be difficult to ask for a stronger start to the new trading year than the week Wall Street just enjoyed, considering that the major stock indexes held onto
      850 words
    • 527 2 Jump in both exports and imports could increase pressure on yuan Bloomberg [BEIJING] China’s exports rose in December for the first time in 14 months and imports surged 55.9 per cent to a record as the country helps power a global recovery. Exports climbed
      Bloomberg; REUTERS  -  527 words
    • 699 4  -  Restaurants and malls prepare for an uptick, feel CNY signals better times By NISHA RAMCHANDANI [SINGAPORE] Shopping malls, restaurants and retailers are taking down their Christmas stockings in favour of painting the town red. One of the reasons for the enthusiastic response to
      ARTHUR LEE  -  699 words
    • 693 4  -  THE YEAR AHEAD By NEIL BEHRMANN THE New Year is a dangerous time for investors who take predictions to heart. History has shown that trends in January are followed by changes in the next few months. With caveat emptor or caveat venditor in mind here
      693 words
    • 641 4 Move could provide bridge to gains in private hiring later Bloomberg [WASHINGTON] The 2010 census couldn’t have come at a better time for the US economy. The government will hire about 1.2 million temporary workers in the first half of the
      Bloomberg  -  641 words
  • Page 2 Advertisements
    • 226 2 mavenalliance www.mavenalliance.biz Maven Alliance is proud to present the following workshops by Mr. Tan Sin Liang Understanding The Securities Futures Act 01 02 February 2010 The SFA and its rules and regulations are one of the most complex laws governing the securities futures industries. The myriad of rules and regulations
      226 words
    • 304 2 UBS (Lux) Key Selection Sicav Investment company with variable capital (Societe d'lnvestissement a Capital Variable) Registered office: 33A avenue J.F. Kennedy B.P. 91, L-2010 Luxembourg R.C. Luxembourg N° B 88.580 Notice of Annual General Meeting of shareholders The shareholders of UBS (Lux) Key Selection Sicav are invited to the Annual
      304 words

  • Page 3 Advertisements
    • 212 3 MVl t vr. GENEVE III W 7 1U III y r60 ifi 60 6* > I 'A A T 35 CK CK MVi m m i r qe> <* 60 30 30 I G> CL I m v a* V ft xi ft I I Si <2> N *V 0
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  • Page 4 Advertisements
    • 120 4 Golndustry Dove Bid Online Auction By Order of the Liquidators of Sports Network Pte Ltd (In Liquidation) Large Stocks of Golf, Sports Equipment Bid online www.go-dove.com Bidding: 11 th 14th January 2010 Closing on 14th January 2010, 4pm Onsite Preview: By appointment only Major Brands include: Pride, GIGA, Royal Collection,
      120 words
    • 227 4 EARNING MONEY MONEY BACK GUARANTEE* MAKE SURE YOU SUCCEED The Education Business is in high Demand as Singapore positions herself to be a global education hub. CASH IN on Singapore government initiatives. 'BOOMING $100 MILLION BUSINESS' Extracted from SPH The Sunday Times, 20 Aug 2006 cc rni DURIN progra d
      227 words
    • 11 4 Don't miss out the insert from The Economist today. The Economist
      11 words

  • COMPANY NEWS
    • 781 5  -  HOCK LOCK SIEW By VEN SREENIVASAN IF THERE is one overiding investment theme which has emerged over the past few months as the global economy claws its way out of recession, it must be commodities. Most investment houses are “overweight” on this sector and
      BLOOMBERG  -  781 words
    • 427 5 Takings from Ipstar satellite seen lifting firm out of the red Reuters [BANGKOK] Thailand’s leading satellite operator, Thaicom PCL, plans to pay a dividend on earnings for 2010, when it expects to return to profit, thanks to rising revenue from its Ipstar satellite.
      Reuters  -  427 words
    • 287 5 COMPANY MEETING PLACE DATE TIME Hisaka Hldgs A 63 Sungei Kadut Loop E Hisaka Industrial Bldg 10.00am Singapore *****4 20-Jan 10.30am Amplefield A Swissotel Merchant Court Spore Merchant Court Ballroom Section A Lobby Level 20 Merchant Rd Singapore *****1 22-Jan 2.00pm ASA Grp E Functiom Rm 1 2,
      287 words
    • 666 7  -  It is expanding its ingredients division, rebranding its consumer segment By WONG SU-JIN HOMEGROWN company Super Coffeemix is bullish about its prospects. The company is not only expanding its footprints in China, but is also now exploring opportunities for possible collaboration with partners
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    • 276 7 Payment Ex Books Pay (cts) date close date Asia Pac Brew ak 18.000 26-Jan 28-Jan 10-Feb Australand Prop ah 2.000 29-Dec 31-Dec 08-Feb BRC Asia ak 0.800 28-Jan 01-Feb 11-Feb Cerebos Pac af 19.000 04-Feb 08-Feb 23-Feb Cerebos Pac an 6.000 04-Feb 08-Feb 23-Feb Cosmosteel Hldgs ak 1.000
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    • 402 7 Jan 8 BANKS ABN Amro Bank NV 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
      402 words
  • Page 5 Advertisements
    • 128 5 IG MARKETS get thinking FX/CFD trading igmarkets.com.sg The more you trade, the more you save. Enjoy automatic rebates and lower commissions Make huge savings on FX and Singapore shares FX spreads from 1 pip Always guaranteed market prices on shares Learn more about our automatic rebates for frequent traders at
      128 words

  • SINGAPORE MARKETS
    • 688 6  -  ‘All Ponzi schemes eventually fall under their own weight,’ warned Sprott. STOCKS R SIVANITHY Senior Correspondent LAST week’s column featured several broking forecasts for the year ahead, all of which were positive, with targets of around 3,200 for the Straits Times Index. During the
      688 words
    • 446 6  -  COMMODITY WATCH By LEE SIOK KAH The writer is an investment analyst THE rally marathon in wheat started from third quarter of 2006, hitting a 30-year high in early 2008 and ended sharply lower after the winter wheat harvest released the tightness in inventory
      446 words
    • 516 6 CURRENCIES Bloomberg [HONG KONG] Asian currencies rose last week, led by the South Korean won and Indian rupee, as the outlook for economic growth and interest-rate increases this year attracted overseas funds to the region’s assets. The Bloomberg-JPMor-gan Asia Dollar Index started the
      Bloomberg  -  516 words
    • 113 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 570.3 3.6 DBXT FTVietnam 10US$ 4775 426.3 6.8 GLD 10US$ ***** 388.6 2.6 DBXT MSAsExJp 10US$ 2887 247.4 6.5 DBXT MSKorea 10US$ 4788 229.2 3.5 DBXT FTChina25 10US$ 3150 202.7 4.8 STXPO 100 1550 190.0 14.0 DBXT DJE50 10US$ 4458 171.9
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    • 123 6 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 5284 -99.2 -1.3 DBXT MSEurope 10US$ 4310 -71.3 -1.2 SIA 200 1434 -56.0 -3.8 Jardine C&C 2648 -52.0 -1.9 SIA 1448 -46.0 -3.1 Ascendasreit 203 -19.0 -8.6 OCBC Bk 891 -19.0 -2.1 SIA.ES.1001 1448 -18.0 -1.2 Straits Trdg 404 -18.0 -4.3
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    • 86 6 Jan 8 CHNG YR 2010 CLOSE FR Jan 7 S$ LOW S$ HIGH US$ 1.3981 -0.13 1.4044 1.3955 Euro 2.0025 0.16 2.0133 2.0025@ Pounds 2.2410 -0.75 2.2687 2.2242 A$ 1.2809 0.26 1.2768 1.2617 Yen* 1.5024 0.25 1.5188 1.5047 Rupiah* 0.***** -0.400.*****# 0.***** Baht* 4.2156 -0.07 4.2171
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    • 1352 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Properties 1.91 1.91 11 7.91 16.45 1.35 1.30 ARA Asset Mgt 2.00 2.00 2 8.05 10.81 1.07 0.87 Armstrong Industrial Corpo 1.00 1.00 2 2.60 10.39
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    • 4 6 WEEKLY
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    • 66 6 Jan 8 VALUE CLOSE BT OB/OS 1332.00 +246.0 BT CADI -*****.00 +220.0 BT 10-day MA -*****.00 +133.0 FTSE ST Mid Cap 719.20 +2.32 FTSE ST Small Cap 579.64 +10.14 FTSE ST All Share 725.12 +2.89 FTSE ST China Top 300.45 +5.49 FTSE ST China 310.91 +5.66 FTSE
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    • 56 6 VOLUME Genting SP 669,033,000 Golden Agri 664,294,000 Healthway 454,411,000 UniFiber 326,636,000 Oceanus 291,790,000 GMG Global 246,981,000 Ying Li 232,310,000 NOL 174,396,000 BRC Asia 169,159,000 RafflesEdu 166,287,000 VALUE($) Genting SP 850,563,010 Keppel Corp 427,857,312 Wilmar 379,822,705 Golden Agri 376,494,300 DBS Grp 333,328,412 NOL 307,128,110 CapitaLand 294,495,632 SingTel 293,070,604
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    • 1455 8  -  TEH HOOI LING Senior Correspondent THE first week of 2010 has been good to investors, more so for small-cap investors. Our portfolios climbed by an average of 7.3 per cent, far out-pacing the 0.5 per cent advance of the blue-chips Straits Times Index. The
      1,455 words
    • 1030 8  -  A total of seven fund managers reported purchases in six listed firms versus 13 institutional shareholders that recorded sales in 12 companies. INSIDE MARKETS By ROBERT HALILI DIRECTORS got off to a fast start in 2010 as their trading rose last week
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  • Page 6 Advertisements

  • Page 7 Advertisements
    • 206 7 I05P NANYANG TECHNOLOGICAL UNIVERSITY Wee Kim Wee School of Communication and Information MSc in Knowledge Management Application is Now Open for August 2010 Intake ee im Sc ee oo of Comm The MSc in Knowledge Management offered by NTU's Wee Kim Wee School of Communication and Information prepares professionals who
      206 words
    • 143 7 Hot IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. Accounting Accounting backlogs Messy Accounts Migration of accounting systems Reconciliation problems in P&L, fixed assets, stocks The Accounting SWAT team offers expert help and fast turnaround to 285S* CoflVP
      143 words


  • SINGAPORE NEWS
    • 671 9  -  Companies likely to take advantage of low interest rates while they last By CONRAD TAN THE initial months of 2010 are likely to see more debt issuances as companies seek to take advantage of the low interest rates, while they last,
      671 words
    • 261 9 Reuters [SINGAPORE] Marine fuel sales in Singapore hit an annual record high of 36.386 million tonnes in 2009, official data showed on Friday. Bunker sales in the world’s top bunker port rose about 4.2 per cent from the previous record of 34.936 million
      Reuters  -  261 words
    • 239 9 STARTING today, The New Paper (TNP) will have a new editor. Dominic Nathan will take over the reins of the newspaper from Ivan Fernandez. Mr Nathan was the news editor of The Straits Times before assuming his new post. Meanwhile, Mr Fernandez will
      239 words
  • Page 9 Advertisements

  • VIEWS FROM THE TOP
    • 3101 10 THIS WEEK’S TOPIC What were, for you, the key takeaways of the PM’s New Year message? What further measures would you recommend to keep Singapore on a growth path? Franck De Praetere Regional Head (Singapore) SWIFT Asia Pacific I REALLY appreciated seeing the Prime
      3,101 words

  • Page 11 Advertisements
    • 190 11 Inspired. And always inspiring. The new generation S-Class. The icon of motion. <<2 v V *r <0 1 s Class C n The S-Class isn't just viewed as one of the most desired luxury symbols in the world. It's also seen as an embodiment of passion and innovation. The latest
      190 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 845 12  -  A well-crafted career plan is key to helping you identify, and succeed in, the job that you are best suited for. By KAMAL KANT The writer is a career management professional who lectures in management and career related courses at leading universities. He will conduct a
      845 words
    • 701 12  -  FELICIA YEOH and DENNIS WEE discuss how MBA classes helped them to venture beyond their comfort zones CAMPUS LIFE FELICIA YEOH ,DENNIS WEE The writers are among the pioneers of the SMU MBA class of2009, which had its graduation ceremony last month WHEN
      701 words
  • Page 12 Advertisements
    • 249 12 Be smart with your finances 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
      249 words

  • ECONOMY WATCH
    • 671 13 Effects of wintry weather will be reversed when the ice melts: analysts AFP [LONDON] The British economy, forecast to emerge soon from recession, will likely shrug off the most brutal winter in decades as many Britons simply delay purchases and work from home to
      AFP  -  671 words
    • 332 13 AP [BERLIN] German exports rose for the third consecutive month in November, while industrial production in Europe’s biggest economy returned to growth as global gloom lightened, official data showed on Friday. Germany exported goods worth 73.7 billion euros (S$147.7 billion) in November a
      AP  -  332 words
    • 489 13 No rapid recovery likely in labour market: analysts NYT [PARIS] The unemployment rate in the euro zone hit double digits in November for the first time in more than a decade, tempering hopes for a rapid recovery in the job market.
      NYT  -  489 words
  • Page 13 Advertisements
    • 158 13 tisin ttanspare Let The Nominations Begin Excellent corporate governance. High corporate disclosure standards. And an open policy of transparency. The 5th Singapore Corporate Awards recognises listed companies and individuals who have done their part to raise Singapore's corporate standards. The SCA comprises five categories and nominations are now open for
      158 words

  • MALAYSIA/INDONESIA
    • 716 14  -  Malaysians have remained calm over church attacks which have evoked widespread condemnation MALAYSIA INSIGHT PAULINE NG KL Correspondent UNDER the clear blue skies, tourists happily sunning themselves by the pool of one of Kuala Lumpur’s international hotels gaze across at the Kuala Lumpur Convention Centre
      716 words
    • 2086 14 VOL Jan 8 RM +/-(‘000) A M Realty 0.76 0.04 2546 Abric Bhd 0.22 -0.01 5 Advance Synergy 0.16 0.01 ***** Adventa Bhd 3.69 0.19 3037 Ae Multi Hldgs 0.44 -0.01 850 Affin Holdings 2.55 -0.01 766 Ahmad Zaki Resou 0.94 0.01 862 Aic Corp 0.52 unch 112
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    • 873 14 Foreign banks are expanding there; local ones joining the fray Bloomberg [SINGAPORE] Sandiaga Uno, the second-youngest man on Forbes’ Indonesia rich list, says private bankers inundate him with investment pitches and have offered everything from wine-tasting and concerts to karaoke
      Bloomberg; BLOOMBERG  -  873 words
    • 344 14 Bernama [SHAH ALAM] Proton Holdings Bhd expects to complete the consolidation of its two plants by year-end, said group managing director Syed Zainal Abidin Syed Mohamed Tahir. Proton has two manufacturing plants in Shah Alam, Selangor and Tanjung Malim, Perak. “Currently, feasibility
      Bernama; BLOOMBERG  -  344 words
    • 305 14 Bloomberg [JAKARTA] Indonesia’s mining stocks such as PT Bumi Resources may rise as commodity prices advance, and investors should buy property developers for gains from low borrowing costs, PT Danareksa Sekuritas said. Coal, nickel and tin prices will probably rise as the global economy recovers
      Bloomberg  -  305 words

  • GREATER CHINA/INDIA
    • 463 15 Minister says central govt revenues rose 11.7% in 2009 despite the crisis AP [BEIJING] China’s government will likely spend the full amount of its planned stimulus in 2010, Finance Minister Xie Xuren said yesterday, despite improvements in its economy and efforts
      AP; REUTERS  -  463 words
    • 612 15 AFP [MUMBAI] Indian firms are expected to announce a sharp rise in profits when the quarterly reporting season kicks off this week, aided by improving business and a low base from the depths of the financial crisis. The 30 companies that make up
      AFP  -  612 words
    • 364 15 Reuters [NEW DELHI] India will present its annual budget on Feb 26 and was aiming at enacting legislation in the second half of this year for introducing a new Goods and Services Tax (GST), the finance minister said on
      Reuters  -  364 words
    • 256 15 Reuters [BEIJING] China vowed on Sunday not to let foreign speculative investment affect the property market, the latest expression of official concern that real-es-tate prices are racing ahead too fast. The directive from the State Council, China’s cabinet, will serve as
      Reuters  -  256 words
  • Page 15 Advertisements
    • 3108 15 BEATS NOTICES BUY IT-SELL IT-FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg In the Matter of The Companies Act, Cap. 50 And In the Matter of INTEGRITY MANAGEMENT COMPANY PTE. LTD. (In Members' Voluntary Liquidation) (Co. Reg. No. *****8101G) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section
      3,108 words

  • ASIA-PACIFIC/WORLD
    • 933 16 Reuters [RIYADH] Saudi billionaire Prince Alwaleed bin Talal’s announcement of a rescue plan for his investment vehicle indicates that he expects a long road to recovery for his shares in Citigroup. The plan will help Prince Alwaleed wipe out some US$7.8 billion
      Reuters; AP  -  933 words
    • 324 16 Bloomberg [SYDNEY] Australia’s stimulus measures directed at consumers and small businesses have protected the nation from the worst impacts of the global economic downturn, Treasurer Wayne Swan said yesterday. The government’s tax breaks for small and medium-sized companies have been “absolutely vital in
      Bloomberg  -  324 words
    • 300 16 Bloomberg [LONDON] Beckham Brand Ltd, the company created to exploit the image rights of soccer star David Beckham and his wife Victoria, posted a 60 per cent increase in profit after his first season with the Los Angeles Galaxy. The business, which is jointly controlled
      Bloomberg  -  300 words
    • 774 16 Success of govt promise to shift power to politicians depends on the new finance minister NYT [TOKYO] It sounds like a script written for Hollywood: an idealistic reformer put in charge of cleaning up his nation’s most powerful centre of entrenched
      NYT; REUTERS  -  774 words
    • 656 16 AFP [DUBAI] Yemen’s crumbling economy has created fertile ground for the spread of extremism and the rise of a secessionist movement in the south and a Shiite rebellion in the north, officials and analysts say. Economic woes in one of the poorest nations
      AFP; AP  -  656 words

  • FOCUS: ENERGY
    • 1042 17  - Solar energy smoke and mirrors? There is some scepticism about the potential of concentrating solar power projects in China HONG KONG NYT AS IT moves rapidly to become the world’s leader in nuclear power, wind energy and photovoltaic solar panels, China is taking tentative steps to master another alternative energy
      NYT; REUTERS  -  1,042 words
  • Page 17 Advertisements
    • 1415 17 MATS BUY IT• SELL IT-FIND IT NOTICES DME CHINA ENERGY LIMITED (Incorporated in Singapore on 21 July 2005) (Company Registration No. *****0060K) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at 3 p.m. on 26 January 2010 at
      1,415 words

  • WORLD
    • 920 18 Further job losses in December suggest time is running out for him, Democrats NYT [WASHINGTON] President Barack Obama keeps trying to turn attention to “jobs, jobs, jobs”, as his chief of staff has put it. But he is finding that it can be hard
      NYT; AFP  -  920 words
    • 452 18 Hearings to start this week to trace origin of the crisis NYT [WASHINGTON] Eight months after Congress established a commission to investigate the causes of the financial crisis, the panel is at last getting its work under way, despite concerns
      NYT  -  452 words
    • 518 18 They woo traders and analysts, with offers to double pay Bloomberg [LONDON] British investment banks are luring back traders and analysts they lost to brokerage firms during the credit crisis, compensating for lower bonuses by as much as doubling base salaries. “The
      Bloomberg  -  518 words
    • 471 18 AFP [BRUSSELS] The European Union’s new foreign affairs chief, Catherine Ashton, and would-be EU commissioners face a grilling over their suitability for the jobs in hearings starting today at the European Parliament. Ms Ashton and the 25 other members of
      AFP  -  471 words
  • Page 18 Advertisements
    • 21 18 ft -S-@«L Lianhe Zaobao Prices on the rebound Rosy days ahead for shipbuilding S-chips? flftffHEBmSR For Subscription, call 6388 3838 www.sphsubscription.com.sg
      21 words

  • FOCUS: WALL STREET, MAIN STREET
    • 1313 19 Despite public anger, top execs are likely to get up to 8-figure sums NYT EVERYONE on Wall Street is fixated on The Number. The bank bonus season, that annual rite of big money and bigger egos, begins in earnest this week, and it looks
      NYT; AFP  -  1,313 words
    • 1204 19 AP [NEW YORK] Unemployed for nearly a year, David Becker was relieved to land a new job in information technology (IT) last summer. The offer carried a price, though: It was a low-er-rung job than the one Mr Becker had lost. He
      AP  -  1,204 words
  • Page 19 Advertisements
    • 813 19 MATS Toll free: 1800-289-8822 Email: notices@sph.com. NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF ARTS THOTS PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO.: *****3918Z) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act,
      813 words

  • SHIPPING/AVIATION
    • 571 20 Boeing’s move follows order change by sole remaining customer Bloomberg [SEATTLE] Boeing is reviewing plans to build a shorter-range version of its 787 Dreamliner jet after All Nippon Airways, the only remaining customer for the model, changed its order to another variant. “The market viability
      Bloomberg; AP  -  571 words
    • 520 20 We’ll never solve the problem that is causing it: navy chief Reuters [LONDON] Efforts by foreign navies to combat Somali piracy off the Horn of Africa country’s coast have made a difference but they will not be able to eradicate attacks by seaborne gangs,
      Reuters  -  520 words
    • 468 20 Bloomberg [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, has posted a third retreat on a lack of Brazilian and Australian iron-ore cargoes for bigger vessels. The index tracking transport costs on international trade routes shed nine points,
      Bloomberg  -  468 words
    • 215 20 AP [BEIJING] A northern China port that is one of the world’s largest was facing the worst ice conditions in 30 years on Saturday, and ice-breaking ships were working to keep the path to it open. Some ships were having trouble reaching the port
      AP  -  215 words
    • 3015 20 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ456 1245 EY473 1940 Adelaide LH9771 1740 LH9770 2350 SQ268 1740 SQ269 2350 VS7268 1740 VS7269 2350 Amsterdam LO4031 0610 LO4032 2350 SQ323 0610 SQ324 2350 US5410 0610 US5411 2350 AZ3992 1615 KL835 1615 Athens SQ348 0105 Auckland LH9761
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  • Page 20 Miscellaneous
    • 305 20 CRYPTIC CROSSWORD Across 1 ‘Sun’ with dire spread guaranteed (7) 5 Animal meat almost tough (7) 9 Old moneybags rues cost, endlessly seething (7) 10 Thug turns on tough youth (7) 11 A grave procedure? (9) 12 Catch girl with nothing on! (5) 13 Vegan Jamaican taking marijuana (5) 15
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  • DINING OUT
    • 672 21  -  NEW RESTAURANT Tung Lok Seafood #11-05 Orchard Central 181 Orchard Road Tel: 6834 4888 By Jaime Ee ORCHARD Central may not be as high-flying a shopping mall as, say, Ion, but what it lacks in terms of retail excitement seems to be compensated for in dining
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    • 589 21  -  NEW MENU Oosh 22 Dempsey Road Tel: 6475-0002 www.oosh.com.sg By Geoffrey Eu THE second floor space at integrated F &B destination Oosh in Dempsey Road has been occupied without much success by a number of restaurants since the one-stop entertainment spot opened a few years
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  • Page 21 Advertisements
    • 155 21 v j i it WINE DINE AND HOSPITALITY r F jM 055 liw Restaurant HUATING Level 2 UNCH AFFAIR A sumptuous respite from work Executive Set Lunch D INNER REVELRY Mouthwatering highlights to end the day with Set Dinner For reservations information please call 6739 6666 or email f&b@orchardhotel.com.sg 442
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  • SINGAPORE STOCKS
    • 9307 22 Week ended: Jan 8 52-wks Tel Last Vol Week Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 3 3148 8Telecom 17 -0.5 3537 17.5 16.5 17 17.5 5 0.6 30.9 81.4 9.5 2.5 5834 A-Sonic
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    • 2083 23 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 s AA Grp 5 -2 440 6 5 5 5.5 4.8 25 12 8538 t APStrategic 17 14.5 17
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    • 118 23 Stock name Close Change Stock name Close Change Stock name Close Change CapitaLand 4.240 +0.010 CapitaMall 1.870 +0.030 CityDev 11.640 +0.080 ComfortDelGro 1.630 +0.010 Cosco Corp 1.310 +0.020 DBS Grp 15.380 +0.060 F&N 4.410 +0.040 Genting SP 1.240 Golden Agri 0.605 +0.020 HK Land 4.850 +0.070
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    • 2708 23 Transaction date: Jan 8 For a full listing of the closing prices, log on to BT online at http://business-times.asia1.com.sg after 11.30pm every trading day HONG KONG Vol HK$ +/-'000 Aeon Credit 6.54 unch 530 Aeon Stores 13.00 unch 0 Angang Steel 17.32 -0.24 ***** Anhui Conch 49.05 1.70
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    • 186 23 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 3 4 0 0 0 11 3 4 Manufacturing 162 39 34 18 6 19 180 45 53 Commerce 56 13 18 11 5 6 67 18 24 Tpt/Stor/Comms 29 10 5
      186 words
    • 494 23 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 111 107 6389 ABF SG Bond ETF 110 +1 35 110 108 107.6 110 502.1 843 427 CIMBAsean40 100US$ US834 +23 830 843 825
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    • 78 23 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 20 6000 AVJennings A51 +4 15 51.5 50 49 52 3.6 6.9 4.1 132.8 31 6 6017 Genting HK US$ US25.5 -0.5 *****
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    • 123 23 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 321,438 321,438 674,232 674,232 Manufacturing 3,283,675 176,820 3,460,495 1,869,912 10,353 1,880,265 Commerce 1,133,665 153,738 1,287,403 629,411 28,098 657,509 Tpt/Stor/Comms 875,510 36,165 911,675 1,258,985 7,368 1,266,353 Finance 178,244 54 178,298 970,414 4 970,418 Construction 910,331 64,617
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  • Page 23 Advertisements
    • 26 23 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
    • 365 24 In local curr In S$ In US$ dy yr dy yr dy yr Jan 8 Index Change Change Change Change Change Change World Index Preliminary 851.3 0.2 25.6 0.1 25.8 0.2 29.9 EAFE Preliminary 803.6 0.5 23.8 0.5 26.6 0.6 30.7 Europe Preliminary 1149.6 0.4
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    • 178 24 Jan 8 Bid $S Offer Bid Overnight 1/8 1/16 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 0.15 US$ Offer Bid 7 days 0.23 0.18 1 month 0.28 0.23 2 months 0.35 0.25 3 months 0.37 0.27 6 months 0.53 0.43 9 months 0.90 0.60
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    • 24 24 Jan 8 Jan 8 S$ Bid Offer 1-month 1.3981 1.3994 2-months 1.3984 1.3998 3-months 1.3987 1.4001 6-months 1.3995 1.4009 Source: OCBC
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    • 190 24 Jan 8 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Feb 10 303.0 303.0 303.0 60 749 Mar 10 304.5 304.5 304.5 20 614 Apr 10 305.0 450 May 10 305.0 305.0 305.5 20 730 Jun 10 305.5 650
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    • 86 24 Jan 8 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 08.04.2010 0.57 1-Year BY*****N 01.11.2010 0.59 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****H 3.625 01.07.2011 104.41 5-Year N*****0N 1.375 01.10.2014 100.23 100.30 100.29 7-Year N*****0S
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    • 105 24 Jan 8 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 10 1013.00 1017.75 1018.25 1005.00 Mar 10 1022.00 1026.00 1029.00 1013.25 May 10 1027.75 1031.00 1033.50 1018.75 Jul 10 1032.25 1035.50 1038.00 1023.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jan 10 39.53 39.99 39.95
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    • 77 24 CRUDE OIL PRODUCTS Jan 7 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 81.34 0.29 WTI (Near Mth) 82.65 -0.54 Dubai (1-Mth F) 80.78 0.53 Tapis blend 83.60 0.05 Minas 83.60 1.10 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 83.22 1.17 Jet Kerosene 91.15 0.90 US$/barrel Opec Oil
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    • 2433 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2.5 -0.5 375 1 15 3 6.80 52 2036 Advance SCT W*****9 0.5 1 87 1844 9.00 7 8756 Asiatic Grp (H) W*****2 10.5 1.5 119
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    • 132 24 Jan 8 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2710 1.3090 Can dollar 1.3440 1.3590 Euro 1.9890 2.0110 NZ dollar 1.0160 1.0370 Sterling pound 2.2160 2.2410 US dollar 1.3900 1.4050 Local dollars to 100 units of foreign
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    • 32 24 Jan 8 FUTURES Jan 8 Open High Sett STI Jan 2915 2915 2922 SIMSCI Jan 349.9 352.2 350.5 Taiwan Jan 298.4 300.0 298.8 Source: MF Global (S) Pte. Ltd
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    • 6546 25 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN RTM/ANR/TIL *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN NOL/CDN *Loads E./W. Malaysia,
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    • 66 24 Jan 8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 10 2555 2570 2580 2555 184 1360 Feb 10 2606 2592 2610 2570 2917 ***** Mar 10 2625 2626 2634 2590 ***** ***** Apr 10 2614 2636
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    • 349 24 Jan 8 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar10 99.6900 0 ***** Jun10 99.4400 0 7814 Sep10 99.0550 0 3163 Dec10 98.6200 0 3419 EUROYEN TIBOR FUTURES Mar10 99.5850 99.5950 99.5850 99.5900 632 4341 Jun10 99.6300 0 1709 Sep10 99.6500 0 1666 Dec10 99.6400 0
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    • 466 24 Jan 8 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.947 6.254 0.640 7.104 41.916 84.583 0.854 10.353 3.093 1.253 77.879 41.962 1.281 6.805 0.947 29.192 30.371 0.573 0.916 Canada 1.056 6.606
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    • 85 24 Jan 8 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 154 24 Jan 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2800 1.2815 0.9158 0.9160 Canadian dollar 1.3519 1.3538 0.9672 0.9677 Euro 2.0012 2.0038 1.4318 1.4323 NZ dollar 1.0216 1.0232 0.7309 0.7314 Sterling pound 2.2328 2.2353 1.5975 1.5978
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    • 140 24 Jan 8 GOLD (US$/oz) Jan 08 Jan 07 Hong Kong 1124.20 1132.00 Jan 08 Jan 07 London 1128.05 1131.70 1128.85 1132.50 Source: Thomson Reuters 1580 CAST BAR Jan 08 (S$) Selling Buying Kilobar "54,466.21" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 121.98 51 5gm 346.68 254 10gm
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    • 72 24 METALS Jan 8 Jan 8 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2249.50 2275.25 3 months 2284.00 2310.00 Copper, Grade A (US$/tonne) Cash 7434.00 7506.50 3 months 7461.00 7535.00 Lead (US$/tonne) Cash 2504.75 2572.25 3 months 2532.00 2599.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin
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    • 79 24 Jan 8 COCOA (£/tonne) Close Prev High/Low Mar 10 2270 2284 2285/2263 May 10 2276 2290 2292/2271 Jul 10 2253 2268 2268/2250 Sep 10 2219 2234 2230/2218 COFFEE (US$/tonne) Close Pev High/Low Jan 10 1360 1348 1363/1348 Mar 10 1400 1388 1404/1386 May 10 1430 1418 1433/1417 SUGAR (US
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  • Page 25 Advertisements
    • 29 25 Shipping lines seeking reliable logistics partners Can "they find your services Here in th« Shipping TO ADVERTISE, CA.LI IOE WONG AT 9620 1 327 THE BUSINESS TIMES SHIPPING TLLVIES
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  • Page 26 Advertisements
    • 43 26 Experienced sh/p maintenance services wanted. seTvKIre.nM Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 5HIPPING TIMES Legal services required by shippers owners TO ADVERTISE, CALL JOE WONG AT Can they find your services here in the Shipping Times?
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  • BizIT
    • 734 27  -  Govt and industry support will help them deliver services, manage customers By ONG BOON KIAT SMALL players could find it tough trying to grab a slice of the Next Generation Nationwide Broadband Network (Next Gen NBN) pie unless given help
      734 words
    • <what’s up>
      • 74 27 HEADSET specialist Plantronics Inc has released upgraded models for its SupraPlus corded headset family, which is aimed at phone-centric industries such as contact centres. Key enhancements include noise-cancelling microphones and wideband capability to boost speech clarity. The products are available from local Plantronics dealers and come
        74 words
      • 102 27 PAYPAL’s new mobile application which lets users send money for personal payments, such as paying back money owed to a friend or splitting the cost of a dinner bill is now available to mobile users in the Asia-Pacific region. Owners of the iPhone, Blackberry and Android phones
        102 words
      • 109 27 THE Sony Ericsson Xperia X2, which features the unique panel-like and customisable touchscreen user interface dubbed Xperia panels, has landed. Powered by the Windows Mobile 6.5 operating system, the quadband phone features a raft of high-end features, including an 8.1-megapixel camera, 3.2-inch Wide VGA
        109 words
      • 135 27  -  Compiled by ONG BOON KIAT CREATIVE Technology is ushering in the new year with a raft of new audio products ranging from sound cards to headphones. The $299 Sound Blaster X-Fi Titanium HD (shown here) provide high-fidelity digital audio processing via the PCI Express slot, while
        135 words
    • 512 27 Reuters [SAN FRANCISCO] Twitter, the popular but money-los-ing microblogging service, is hiring engineers and specialists who can help turn it into a money-maker. The two and a half year old Internet start-up, whose short text messages or “tweets” have become a
      Reuters; AP  -  512 words
    • 274 27 Reuters [LAS VEGAS] Panasonic Corp looks to sell one million units or more of its 3D TVs in the first year of their launch, its US chief said, hoping the emerging technology will catch on with consumers in 2010. Panasonic, which plans to
      Reuters  -  274 words
    • 811 27  -  &lt;you say&gt; By RAJU CHELLAM The writer is the managing director of TechTrenders Asia CONSIDER these statistics: About 145 gigabytes (GB) of data exists for each person on earth. Commercial companies worldwide generated about 48 billion GB of data last year. Wal-Mart, the
      811 words
    • 549 28  -  S’pore achieved a household broadband penetration rate of 136.9% in Nov against a 136.6% mobile adoption rate, reports WINSTON CHAI SINGAPORE’S standing as a wired nation has received another feather in the cap as the country’s household broadband penetration rate for the first time zips past
      549 words
    • 475 28 AFP [LAS VEGAS] The premier Consumer Electronics Show (CES) rebounded from a global economic drubbing, wowing attendees with gadgets that merge 3D, software, entertainment, and the Web. “CES is back,” analyst Rob Enderle of the Enderle Group said of the annual
      AFP  -  475 words

  • Page 28 Advertisements
    • 90 28 HITACHI. THE ROOTS FOR A GREENER WORLD. n :;.s I 31 s ,1PJI iiwifliii mm /MfMlltlfflflffHffM 1 WATER ENERGY iiiimmiiijfiiiiin HITACHI COMPACT MBR RO SYSTEM Recycles wastewater Multiple uses for treated water Effectively cleans up industrial discharge HEALTHCARE N HITACHI H-25 GAS TURBINE Fewer sulphate emissions 34.8% thermal efficiency Reduces
      90 words
    • 11 28 NEXT GEN NBN Small players need support to flourish Page 27
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