The Business Times, 29 November 2010

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Total Pages: 30
1 30 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sf!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Monday, November 29,2010
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  • 622 1  -  By CHUANG PECK MING [SINGAPORE] Collections for the government’s coffers have been greater than expected and Finance Minister Tharman Shanmugaratnam is likely to offer at least some goodies when he presents the Budget early next year. “Government revenues have been higher than projected,
    CAROLINE CHIA/THE STRAITS TIMES  -  622 words
  • 759 1 Beijing suggests emergency talks while Pyongyang deploys missiles; Asian markets may take a hit Reuters Bloomberg [SEOUL] North Korea has placed surface-to-surface missiles on launch pads in the Yellow Sea and threatened to launch a “sea of fire” over South
    Reuters; Bloomberg; AP  -  759 words
  • 158 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 3,158.08 -39.29 KL COMP 1,492.05 -14.00 NIKKEI 225 10,039.56 +17.17 HANG SENG 22,877.25 -728.46 SET INDEX 991.71 -17.06 JAKARTA COMP 3,642.50 -82.55
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  • Page 1 Advertisements
    • 217 1 BizIT Challenges that Facebook poses PAGE 29 DINING OUT A Cut above the rest MALAYSIA INSIGHT Leveraging on the benefits of M&As HOCK LOCK SIEW Banking on ‘smart’ outlets PAGE 13 PAGE 22 PAGE Ccir-tier -A Zt60 CARTIER "V V> pc> mm' t 1 V'lu V ROTONDE DE CARTIER JUMPING
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    • 8 1 With additional reporting by Neil Behrmann in London
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  • TOP STORIES
    • 556 2 N Korea threatens ‘sea of fire’ as China calms waters NORTH Korea has placed surface-to-surface missiles on launch pads in the Yellow Sea and threatened to launch a “sea of fire” over South Korea’s military drills with US soldiers. As tensions simmered, China stepped in to call for
      556 words
    • 647 2  -  Constitutional Court to decide the fate of Mr Abhisit and his party today By LEE U-WEN EVEN as he delivered a more upbeat forecast for his country’s economic growth this year, Thailand Prime Minister Abhisit Vejjajiva’s own political future is hanging precariously
      REUTERS  -  647 words
    • 376 2  -  CapitaLand sells 48 units at d’Leedon preview By EMILYN YAP [SINGAPORE] Property developers continued to log sales at their residential projects over the past week. During the weekend, CapitaLand sold 48 units at d’Leedon where Farrer Court used to be for an average price
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    • 859 2  -  WALL STREET INSIGHT By ANDREW MARKS A SHORT and volatile week in the US stock market, with fears that the financial contagion in the eurozone will soon spread even further, put the big hurt on two of the three major stock market
      859 words
    • 1384 3  -  Centre for Non-Profit Leadership has matched 84 corporate people to boards of non-profit organisations By MICHELLE QUAH [SINGAPORE] Paul J Petruccelli is someone who would seem, by all accounts, an ideal candidate for the board of a listed company. The well-regarded lawyer was vice-president
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  • Page 2 Advertisements
    • 71 2 THE WORLD'S PREMIER WATCH AUCTIONEER GO 2 SAT MAY 2 JEK K PHILIP GENEVE O 4 18 15 4 tT SN A O 3 us 35 N n 15 WWW.ANTIQUORUM.COM AUCTIONEERS SINCE 1974 SINGAPORE Valuation Day Monday, 6 Dec. Tuesday, 7 Dec. 10:00am 5:00pm Swissotel The Stamford 2 Stamford Road,
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  • Page 3 Advertisements
    • 96 3 SARASIN IJ From Every Angle we Offer a Distinct Perspective on Wealth. We've spent some 170 years crafting distinctive private banking solutions. Bank Sarasin cherishes a balanced and sustainable approach not only in terms of growth, resources and investing, but to expertise that has been trusted for generations. Bank Sarasin
      96 words

  • SINGAPORE MARKETS
    • 586 4  -  STOCKS R SIVANITHY Senior Correspondent THE single biggest feature throughout last week’s action (or lack of it, to be more accurate) was the disappearance of QE2 liquidity. And without the support that plenty of money brings, it wasn’t surprising that the market grew
      586 words
    • 553 4 CURRENCIES Bloomberg [HONG KONG] Asian currencies had their biggest weekly loss in six months as an exchange of artillery fire on the Korean peninsula deterred investment in the region and Europe’s debt crisis bolstered demand for US dollars. The Bloomberg-JPMor-gan Asia
      Bloomberg  -  553 words
    • 606 4 COMMODITIES Reuters [NEW YORK] Oil and metals closed slightly lower on Friday as US markets drifted after Thursday’s Thanksgiving holiday but cotton tumbled and soybeans also saw steep losses as the US dollar hit a two-month high against the euro. The 19-commodity Reu-ters-Jefferies CRB
      Reuters  -  606 words
    • 1483 4 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 2.42 2.80 12 10.81 10.64 1.39 1.15 ARA Asset Mgt 2.25 1.75 4 7.80 18.85 1.55 1.47 Armstrong Ind 1.00 1.00 3 4.90 8.67 0.53
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    • 4 4 WEEKLY
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    • 111 4 BY CENTS CLOSE UP DBXT MSAsExJp 10US$ 3500 204.1 4.6 DBXT DBCBDJUBS 10US$ 3380 176.5 4.1 IS DJ US Tech 6228 176.5 2.2 DBXT FTVietnam 10US$ 3344 121.2 2.8 DBXT MSUSA 10US$ 2869 68.5 1.8 GLD 10US$ ***** 68.5 0.4 DBXT CSI300 10US$ 1082 29.0 2.1 DairyFarm 835 22.4
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    • 116 4 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-857.2 -4.8 JMH 4540-263.4 -4.2 DBXT iBoxxKR 5US$ *****-222.5 -1.4 DBXT MSKorea 10US$ 5286-202.8 -2.8 DBXT MSEurope 10US$ 4323-197.5 -3.4 DBXT FTChina25 10US$ 3137-177.8 -4.1 DBXT SPASX200 10US$ 3182-144.8 -3.3 DBXT E50 10US$ 4008-136.9 -2.5 JSH 2674-108.0 -3.0 Pru 500US$ 920-105.3 -8.0
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    • 5 4 WEEKLY
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    • 65 4 Nov 26 VALUE CLOSE BT OB/OS -1018.00 -45.00 BT CADI -*****.00 -95.00 BT 10-day MA -*****.00-102.00 FTSE ST Mid Cap 785.40 -3.56 FTSE ST Small Cap 568.71 -2.52 FTSE ST All Share 780.46 -0.97 FTSE ST China Top 290.29 -1.45 FTSE ST China 328.24 -0.86 FTSE ST
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    • 57 4 VOLUME Genting SP 608,651,000 Golden Agri 319,431,000 Sapphire 296,390,000 TopGlobal 218,941,000 Gallant 185,243,000 FreightLinks 175,761,000 *Genting HK US$ 150,613,000 MDR 141,834,000 HLH Grp 103,059,000 XinRen 100,036,000 VALUE($) Genting SP 1,216,239,800 UOB 279,853,349 DBS Grp 258,289,897 Wilmar 250,505,330 Keppel Corp 239,001,938 Golden Agri 228,015,997 CapitaLand 201,686,660 SingTel 201,500,880
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  • COMPANY NEWS
    • 596 5  -  It’s preparing for growing demand for accessories from global car makers By JAMIE LEE AMTEK Engineering expects to double its production capacity in Shanghai within about two years, ramping up for growth as outsourcing orders from global car makers for accessories stream in,
      596 words
    • 710 5  -  HOCK LOCK SIEW By SIOW LI SEN LAST Monday, Citibank held one of its splashy branch openings at Orchard MRT Station, with the event well attended by the bank’s luminaries and, of course, senior people from SMRT Corp. Citi billed it as its first hightech “smart”
      ARTHUR LEE  -  710 words
    • 438 7 HSBC Amanah M’sia CEO also expects an increase in global sukuk issuance Reuters [DUBAI] More Syariah-compliant real estate investment trusts (Reits) will come to market in Asia in early 2011 as cross-regional Islamic investors increasingly embrace the product, HSBC Amanah Malaysia’s new head said.
      Reuters  -  438 words
    • 403 7 Nov 26 BANKS 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 of Communications 5.5 Bank of
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    • 309 7 COMPANY MEETING PLACE DATE TIME China Hongxing S Meeting Room 206, International Convention Exhibition Centre, 1 Raffles Boulevard, Suntec City, Singapore *****3 29-Nov 3.00pm First Reit E Mandarin Ballroom 2, Level 6, Main Tower, Mandarin Orchard Singapore, 333 Orchard Road, Singapore *****7 29-Nov 2.00pm Ezion Hldgs E No.
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  • Page 5 Advertisements
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      137 words
    • 60 5 The art of combining tradition with innovation. LGT combines traditional private banking with state of the art investment advice and solutions: Stable. Reliable. Effective. LGT Your Private Bank in Asia for 25 years. Singapore Phone +65 6415 3800, info@lgt.com Hong Kong Phone +852 2523 6180, info@lgt.com 25 www.lgt.com inAsia Singapore,
      60 words

  • SINGAPORE MARKETS
    • 1882 6  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director at Asia Insider Ltd THE buying rose and the selling among directors was flat for the second straight week, with 19 companies that recorded 52 purchases worth $8.6 million versus three firms with
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  • Page 6 Advertisements
    • 69 6 ■•'I Wmm LUXURIOUS CONDOMINIUM SHOWROOM NOW OPEN FOR VIEWING |\Ay XWHPIBE ijk I 70% of SPH Chinese newspapers readers do not read English dailies*. If you are not advertising in SPH Chinese newspapers, your business is missing out on 900,000 potential customers with a variety of needs. To maximise your
      69 words

  • Page 7 Advertisements
    • 135 7 LUXURY TOURS TRAVEL PTE LTD The Leading Operator Established 1985 W: "Fulfilling your requirments with finesse" Our experienced team of planners takes charge right from the start. We offer you the best venues available, suggestions settings. These include transportation, meals, sightseeing tours tourist guides. Our services at a glance Incentive
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    • 206 7 Nurturing Financial Leaders of Tomorrow The FSDF Finance Scholarship Programme (FSP)* The financial services industry will be re-shaped as we emerge from the crisis. The focus on competency and specialization will be even more pronounced. Given this, grooming the right talent remains a key pillar in Singapore’s development as an
      206 words

  • SINGAPORE NEWS
    • 854 8  -  Real GDP per hour and per worker down 5% and 5.6% By CHUANG PECK MING IN a year when productivity in most high-income economies dipped, Singapore's took the biggest dive in both the standard per worker and per hour worked measures.
      854 words
    • 392 8  -  Oakrun Real Estate Partners is hoping to raise some US$200m By EMILYN YAP A MIAMI-BASED firm is in Asia to attract investments into distressed or near-dis-tressed real estate assets in the US. Oakrun Real Estate Partners (OREP) is hoping to raise some US$200
      392 words
    • 155 8 HOME Affairs and Law Minister K Shanmugam is the only new face in the latest central executive committee of the ruling People’s Action Party. Mr Shanmugam was among the 12 elected to the CEC yesterday at the PAP’s Party Conference held at
      155 words
    • 345 8  -  By EMILYN YAP ANOTHER 373 Singaporeans caught HIV from January to October, and the number of new cases for the entire year could come close to last year’s 463. The Ministry of Health and Health Promotion Board
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    • 923 8 Payment Ex Books Pay Ann (cts) date close date date Action Asia aw 0.500 18-Nov 22-Nov 01-Dec 08-Nov AIMS AMP Cap Ind Reit ag 0.397 04-Nov 09-Nov 17-Dec 01-Nov Allied Tech aw 0.200 03-Dec 07-Dec 22-Dec 11-Nov Asia Pac Brew ak 52.000 27-Jan 31-Jan 18-Feb 12-Nov Beyonics an
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  • Page 8 Advertisements

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1079 9  -  A career retreat may just be what the doctor ordered for professionals to take a step back and take stock, says KAMAL KANT KAMAL KANT The writer lectures on career matters and will be conducting an SIM Membership Services workshop on Career Retreats in January 2011.
      STOCK.XCHNG  -  1,079 words
    • 888 9  -  The only way to truly understand a whole new different culture is to be part of it, says CONNIE HO CAMPUS LIFE CONNIE HO The writer is a third year Diploma in Marketing student at Nanyang Polytechnic ‘DO NOT go where the path may lead;
      AP  -  888 words
  • Page 9 Advertisements
    • 271 9 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
      271 words

  • VIEWS FROM THE TOP
    • 3766 10 THIS WEEK’S TOPIC What factors, domestic and global, are most likely to affect economic growth in 2011? How will these affect business in Singapore and the region? Eberhard Wedekind President Volvo CE Region Asia Volvo Group SINGAPORE this year is one of the fastest growing economies in the
      YEN MENG JIIN  -  3,766 words

  • Page 11 Advertisements
    • 759 11 A special feature brought to you by Rely on the specialists Your Mercedes-Benz will be restored to original factory standards in a hassle-free accident repair process at Mercedes-Benz Body Care Repair Center By Cheryl Tay He was preparing for his early Monday morning flight over the weekend when someone bumped
      759 words

  • ECONOMY WATCH
    • 716 12 Germany expected to be in driving seat as bloc tackles how to remedy financial ills AFP [PARIS] An eventual restructuring of some eurozone debt and big changes in the European Union and eurozone functions are now seen as probable and even inevitable, analysts say.
      AFP  -  716 words
    • 579 12 It wants pension reforms completed by early next year AFP [MADRID] Spanish Prime Minister Jose Luis Rodriguez Zapatero said last Saturday that his government was ready to “accelerate” economic reforms if necessary, amid deep concerns on the world financial markets. Mr Zapatero added
      AFP; AP  -  579 words
    • 586 12 Bloomberg [WASHINGTON] Payrolls and manufacturing probably expanded in November as the US recovery showed signs of a pick-up heading into 2011, economists said before reports this week. Employment increased by 145,000 workers this month after a 151,000 gain in October that marked
      Bloomberg; AP  -  586 words
    • 620 12 Price has doubled from a year ago to US$1.50 per pound AFP [DHAKA] In the home of cheap clothing manufacturing, the record price of cotton is causing havoc for producers and the pain will pass down the chain to buyers in developed countries, analysts say.
      AFP  -  620 words
    • 440 12 Reuters [SEOUL] Investors at first shrugged off North Korea’s heaviest shelling of the South since the end of the civil war in 1953 but later sold the won and bonds as tension failed to subside. Foreigners sold a net 70 billion
      Reuters  -  440 words

  • MALAYSIA
    • 686 13  -  Property firms’ proposed mergers bode well for the country MALAYSIA INSIGHT PAULINE NG KL Correspondent INSTEAD of winding down for the year, corporate Malaysia appears to be awash in a sea of proposed mergers and acquisitions (M&As), especially on the property front. Early this
      686 words
    • 1973 13 VOL Nov 26 RM +/-(‘000) A M Realty 0.53 -0.03 43 Abric Bhd 0.34 -0.03 188 Advance Synerg 0.19 -0.01 2130 Adventa Bhd 2.12 -0.05 109 Ae Multi Hldgs 0.31 -0.01 598 Affin Holdings 3.17 unch 159 Ahmad Zaki Res 1.02 -0.03 417 Aic Corp 1.07 -0.03 12
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  • Page 13 Advertisements
    • 165 13 #3hS* r_. «"> mm'MK.i. > 'gMgT »V J, «Sk-srSP&K fNPPs IHIiilPiPiVVHP {Si'lMK^ ents to Martha on 1st floor, The best way through New York traffic is over it. In our helicopter. Q_ 3 O 5 o I OS 3 <D Q Road sign to airport hidden. If you miss it,
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  • GREATER CHINA
    • 587 14 KMT’s victory in 3 out of 5 key mayoral polls shows backing for Ma’s policy Bloomberg [TAIPEI] Taiwan’s warming ties with China may further improve after the ruling Kuomintang party won the majority in key local elections, an indication voters support
      Bloomberg; AP  -  587 words
    • 318 14 Influx of speculative capital accounts for big chunk of surge AFP [BEIJING] China’s foreign currency inflows increased by 79 per cent in October over September to 519 billion yuan (US$77.6 billion or S$101 billion), according to figures released by the central bank on
      AFP  -  318 words
    • 318 14 Bloomberg [LONDON] Stanley Ho, a Macau billionaire, paid the top price in an international white truffle auction that raised a total of US$417,200. The highest bid during Saturday’s sale, held simultaneously in London, Rome and Macau, was US$330,000 for two pieces of the
      Bloomberg; REUTERS  -  318 words
    • 798 14 Xinhua [CHENGDU] He has been in Shenyang, capital of north-east China’s Liaoning Province, for eight years, where he worked his way up from a deliveryman too poor to buy a cotton overcoat to the owner of a large shoe store. But 28-year-old Huang Zhixiong was
      Xinhua  -  798 words
  • Page 14 Advertisements
    • 728 14 Win a pair of air tickets to KL Kuantan Log on to II raveuers.cjm the ultimate travel resource k>tj SPH Sponsored By: firefly MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SCHRODER INVESTMENTS (SINGAPORE) PTE. LTD. (IN
      728 words

  • INDIA
    • 362 15 Govt examining regulator’s proposal to revoke licences of errant firms: report Reuters [NEW DELHI] India’s telecoms ministry is likely to announce as early as today action against telecoms firms which violated rules, The Times of India said. The paper said the government was
      Reuters  -  362 words
    • 321 15 Marks Spencer Reliance plans 50 more stores Bloomberg [NEW DELHI] Marks Spencer Reliance India Pvt, the joint venture between Marks Spencer Group plc and Reliance Industries Ltd, plans to open a further 50 stores in India as rising salaries and growing consumer demand make it a priority market for the
      Bloomberg; AP  -  321 words
    • 756 15 NYT [NEW YORK] Yoga is practised by about 15 million people in the United States, for reasons almost as numerous from the physical benefits mapped in brain scans to the less tangible rewards that New Age journals call spiritual centring. Religion, for
      NYT  -  756 words
    • 220 15 AFP [NEW DELHI] Italian sports car maker Ferrari is to launch in India within six months, the Times of India reported yesterday, as global luxury brands increasingly focus on the country as an essential market. Porsche, Lamborghini and Bugatti are already in
      AFP  -  220 words
    • 228 15 AFP [NEW DELHI] India yesterday gave environmental clearance for a nuclear power plant to be built in collaboration with French firm Areva, days ahead of President Nicolas Sarkozy’s scheduled visit to New Delhi. Environment Minister Jairam Ramesh said that the
      AFP  -  228 words
  • Page 15 Advertisements
    • 1514 15 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg LOST SHARE/STOCK CERTIFICATES Notice is hereby given that the following share/stock certificates have been reported lost:ASIA PACIFIC BREWERIES LIMITED (Incorporated in the Republic of Singapore) UNITED ENGINEERS LIMITED (Incorporated in the Republic of Singapore) Name Certificate No Number of stock units Estate of
      1,514 words
    • 497 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF Y. T. VIETNAM PROPERTY PTE. LTD. (In Members’Voluntary Liquidation) CO. REG. NO. *****8131C Extract of the Minutes of an Extraordinary General Meeting of Y. T. VIETNAM PROPERTY PTE. LTD. signed by the Representative of the Holding
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  • WORLD
    • 684 16 Execs blame biggest decline in basic users on unemployment but analysts point to new competition AFP [WASHINGTON] The economic downturn has US cable television companies shedding subscribers in record numbers and Americans increasingly “cutting the cord” in favour of cheaper online options, new
      AFP  -  684 words
    • 797 16 Houseowners blame banks for ravages of economic collapse AFP [DUBLIN] The spectacular collapse of Ireland’s once-booming economy has left a generation of young Irish families saddled with enormous home loans and the housing market shows little sign of improving. Many houses
      AFP; BLOOMBERG  -  797 words
    • 223 16 Reuters [SYDNEY] Gold production in Australia, the world No 2 producer after China, rose 22 per cent to 67 tonnes in the third quarter of 2010 as miners cashed-in on strong bullion prices, research released yesterday shows. “We are now seeing the effects
      Reuters  -  223 words
    • 561 16 But it remains the dark horse among the 2022 bidders AP [DOHA] Qatar’s dreams of hosting the World Cup in 2022 have been under threat almost from the moment the desert nation announced its ambitious plans. Some said that it was just too
      AP; AFP  -  561 words
    • 678 17  -  A legally binding framework for action is essential, urges EU official By CONNIE HEDEGAARD The writer is the European Union commissioner for Climate Action in Brussels BY 2050 there will be more than nine billion people living on earth. To accommodate this
      678 words
    • 355 17 Bloomberg [WELLINGTON] New Zealand Prime Minister John Key said that he will propose a Royal Commission into the causes of deadly explosions at the Pike River Coal Co mine, a probe that may determine the future of underground mining in the
      Bloomberg  -  355 words
    • 688 17 China’s wealthy seen to be craving for Western works Bloomberg [HONG KONG] Picasso exhibitions at Edouard Malingue Gallery and Ben Brown Fine Arts and a private exhibition sale by Sotheby’s of impressionist and modern paintings featuring seven works by the Spanish 20th-century artist will
      Bloomberg; BLOOMBERG  -  688 words
    • 320 17 Officials say Dubai World and Nakheel are in good health after restructuring Reuters [DUBAI] The emirate of Dubai may consider selling parts of govern-ment-owned companies as it continues to restructure those hit hard by the financial crisis, top financial officials said yesterday. The
      Reuters  -  320 words
    • 239 17 Reuters [LONDON] BP said it had agreed to sell its stake in Argentina-based oil and gas group Pan American Energy to Bridas Corp, half-owned by China’s CNOOC, for US$7 billion, as it raises cash to pay for the Gulf oil
      Reuters  -  239 words
    • 576 17 Development’s scale likely to further undermine sanctions NYT [DAWEI, Myanmar] The vast, pristine stretch of coastline here is almost deserted, save for fishermen hauling their bountiful catches onto white-sand beaches. But a deal signed this month would transform these placid waters into a
      NYT  -  576 words
    • 601 18  -  Chinese measures to combat inflation, Korean tension raising risk in region By NEIL BEHRMANN CHINA’S anti-inflation measures and fears about continual Korean tension are expected to reduce foreign flows into Asian equities in coming weeks or months. “North Korea’s latest provocation of South
      601 words
    • 728 18 More dollars shifted to increased online shopping AP [NEW YORK] Shoppers crowded stores on Black Friday but spent just a little more than last year on the traditional start of the holiday shopping season, according to data released by a research firm. Retail
      AP; XINHUA  -  728 words
    • 495 18 Reuters [BEIJING] South Korea’s top carmaker Hyundai Motor Co and its Chinese partner broke ground yesterday for a third plant to ease their undercapacity in the world’s largest car market. Bejing Hyundai, a tie-up between Hyundai and major Chinese state auto group
      Reuters; AFP  -  495 words
    • 631 18 AP [WASHINGTON] The Obama administration has told whistleblower WikiLeaks that its expected imminent release of classified State Department cables will put “countless” lives at risk, threaten global counterterrorism operations, and jeopardise US relations with its allies. In a highly unusual step reflecting the administration’s grave
      AP  -  631 words
  • Page 16 Advertisements
    • 1024 16 WATS NOTICES BUY IT• SELL IT• FIND IT TTO TEE INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore on 15 August 2000) (Company Registration No. *****7107D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the "EGM") of the Members of TEE International Limited (the
      1,024 words


  • Page 18 Advertisements

  • AVIATION/SHIPPING
    • 592 19 AFP [LONDON] Shareholders of British Airways (BA) and Iberia will vote today on whether to approve a multi-billion-euro merger creating Europe’s second biggest airline as the sector recovers after a severe economic downturn. Investors in London and Madrid are widely expected to back the tie-up
      AFP  -  592 words
    • 3201 19 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ456 1245 EY473 1940 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 Amsterdam LO4031 0605 LO4032 2350 SQ323 0605 SQ324 2350 US5410 0605 US5411 2350 AZ3992 1615 KL835 1615 Athens SQ398 0100
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    • 165 19 Xinhua [WUHAN] Authorities in central China’s Hubei Province announced yesterday that they will invest more than 180 billion yuan (S$35.6 billion) to expand throughput capacity of Wuhan New Port on the Yangtze River between next year and 2020. The move comes as
      Xinhua  -  165 words
    • 540 19 Some A380 flights resumed but 4 of the 6 superjumbos still grounded Reuters AFP [SYDNEY] Qantas Airways chief executive Alan Joyce has said that an engine failure on an A380 superjumbo should be blamed on the engine’s design and had nothing to do
      Reuters; AFP  -  540 words
  • Page 19 Advertisements
    • 81 19 MONGOLIA SHIP REGISTRY Shanghai Shipping Limited is the authorized ship registration in-house agent for MONGOLIA SHIP REGISTRY We welcome ship owners to register with us We assist ensure smooth registration of your vessel After registration, we provide effective flag state support to ship owners Just provide your vessel GT NT,
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  • Page 19 Miscellaneous
    • 367 19 CRYPTIC CROSSWORD Across 1 Local black drink knocked back in island (8) 5 Outing at public expense? Abandon it in speech (6) 9 Nigel tailored my clothing (8) 10 Character following Romeo? (6) 12 What’s stashed in illegal van is expected to produce a shock (9) 13 In-flight column airline
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  • BT ROUNDTABLE
    • 3793 20 Besides liquidity, inflation and protectionism are also stalking global economy; but Asia will emerge on top from rebalancing PANELLISTS N Masahiro Kawai Dean of the Asian Development Bank Institute (ADBI), Tokyo and former World Bank chief economist for East Asia N Mark Mobius Executive
      REUTERS  -  3,793 words

  • Page 21 Advertisements
    • 40 21 How to run a business without running out of ideas November/December issue out now! Available at all petrol stations (except Caltex) and all major bookstores To subscribe ($30 for six issues delivered to your office or home), please call 6388-3838
      40 words
    • 662 21 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BENG KUANG MARINE LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number *****0196M) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of BENG KUANG MARINE LIMITED (the "Company") will be held at 55 Shipyard Road, Singapore
      662 words

  • DINING OUT
    • 909 22  -  NEW RESTAURANT Cut B-1-71, The Shoppes at Marina Bay Sands 2 Bayfront Avenue Tel: 6688-8517 By Geoffrey Eu CULINARY trends may come and go but there will always be a place in the world for the classic American steakhouse an institution typically found in big-shouldered
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  • Page 22 Advertisements
    • 439 22 IT'S HERE! ..ill 3G 2:40 PM S LDRDinG... GET THE FREE 9I.3FM APP NOW! Available on the App Store www.omy.sg n p mittmA 'ZT777 -Z_ cling, omy.sg WINE DINE AND HOSPITALITY Y v ;.,V Delicious December @Zenden! Indulge in mouth-watering delights every day of the month this festive season at
      439 words

  • SINGAPORE STOCKS
    • 9373 23 Week ended: Nov 26 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 21 14.5 3148 8Telecom 18.5 -0.5 1624 19 18.5 18.5 19 1.7 9.8 5.9 88.6 12 5 5834 A-Sonic
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    • 1841 24 52-wks Tel Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 1181 t AA Grp 4.5 4 5 25 4.3 225 130 6222 t APStrategic 164 +2 35 164 160 157
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    • 110 24 Stock name Close Change CapMallsAsia 2.040 +0.010 CapitaLand 3.700 -0.030 CapitaMall 1.870 CityDev 12.220 -0.120 ComfortDelGro 1.490 -0.010 DBS Grp 13.880 +0.040 F&N 6.170 +0.010 Genting SP 2.000 -0.020 Golden Agri 0.735 -0.005 HK Land 7.000 -0.040 Stock name Close Change JMH 45.400 -0.100 JSH 26.740
      110 words
    • 2638 24 Transaction date: Nov 26 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.69 unch 0 Aeon Stores 16.50 -0.30 28 Angang Steel 11.18 0.06 5820 Anhui Conch 31.45 -0.25 2289 Anhuiexpresswa 6.36 -0.19 1772 Asia Satellite 13.88 unch 4 Asm Pacific 71.45 -1.25 287 Bank Of E Asia 33.20
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    • 186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 10 1 0 0 0 7 10 1 Manufacturing 44 119 56 6 13 20 50 132 76 Commerce 10 49 23 4 11 3 14 60 26 Tpt/Stor/Comms 6 32 8
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    • 943 24 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 $mil 124 107 6389 ABF SG Bond ETF 112 -4 35 115 112 111.5 114 511.3 1056 761 CIMBAsean40 100US$ US995 -21 991 1024 970
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    • 260 24 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 $mil 56 38 6000 AVJennings A53 50 57 3.6 6.6 4.2 138 55 16 6017 Genting HK US$ US43 -2.5 *****3 46.5 41.5 43 43.5 2831.3
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    • 123 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 257,529 257,529 404,051 404,051 Manufacturing 1,388,926 123,088 1,512,014 1,263,006 7,130 1,270,136 Commerce 364,354 84,184 448,538 525,495 9,285 534,780 Tpt/Stor/Comms 589,910 9,724 599,634 825,957 2,642 828,599 Finance 105,266 5 105,271 902,159 1 902,160 Construction 219,976 516,204
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  • Page 24 Advertisements
    • 26 24 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
    • 374 25 In local curr In S$ In US$ dy yr dy yr dy yr Nov 26 Index Change Change Change Change Change Change World Index Preliminary 860.6 -0.6 3.4 -0.1 -2.6 -1.1 3.6 EAFE Preliminary 778.6 -0.5 -0.8 -0.4 -6.7 -1.4 -0.7 Europe Preliminary 1137.5 -0.6
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    • 180 25 Nov 26 $S Offer Bid 0vernight 0.08 0.05 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.16 US$ Offer Bid 7 days 0.33 0.23 1 month 0.37 0.27 2 months 0.42 0.32 3 months 0.45 0.35 6 months 0.55 0.45 9 months 0.75 0.55 12
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    • 22 25 Nov 26 S$ Bid Offer 1-month 1.3168 1.3178 2-months 1.3168 1.3178 3-months 1.3168 1.3178 6-months 1.3168 1.3178 Source: OCBC
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    • 121 25 Nov 26 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.32 1.246 Can dollar 1.321 1.271 Euro 1.779 1.711 Sterling pound 2.101 2.021 NZ dollar 1.022 0.974 US dollar 1.33 1.279 Local dollars to 100 units of foreign
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    • 27 25 Nov 26 Open High Sett STI Nov 3158 SIMSCI Nov 372.7 373.0 370.8 Taiwan Nov 297.3 298.2 296.2 Source: MF Global (S) Pte. Ltd
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    • 65 25 Nov 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 10 3333 3360 3365 3333 46 1836 Jan 11 3273 3306 3323 3270 1200 ***** Feb 11 3235 3274 3281 3233 8719 ***** Mar 11 3211 3243
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    • 427 25 Nov 26 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6250 0 4857 Mar11 99.4450 0 4652 Jun11 99.3650 0 4114 Sep11 99.2900 0 2656 EUROYEN TIBOR FUTURES Dec10 99.6600 99.6600 99.6600 99.6600 0 4388 Mar11 99.6600 0 1476 Jun11 99.6350 99.6350 99.6250 99.6600 1 1535
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    • 170 25 Nov 26 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Dec 10 431.0 428.0 429.0 28 537 Jan 11 429.0 425.0 429.0 28 401 Feb 11 429.0 100 552 Mar 11 430.5 100 492 Apr 11 431.5 200 424
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    • 88 25 Nov 26 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 24.02.2011 0.30 1-Year BY*****N 01.11.2011 0.40 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 103.74 103.79 103.75 5-Year N*****0S 2.875 01.07.2015 107.35 107.50 107.35
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    • 107 25 Nov 26 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 11 1238.50 1255.00 1262.25 1235.75 Mar 11 1247.00 1262.75 1270.00 1243.50 May 11 1248.50 1263.25 1270.25 1245.25 Jul 11 1252.50 1266.25 1273.50 1247.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 10 49.90
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    • 77 25 CRUDE OIL PRODUCTS Nov 25 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 86.35 1.18 WTI (Near Mth) 84.23 0.28 Dubai (1-Mth F) 83.18 2.06 Tapis blend 89.80 2.35 Minas 85.40 1.80 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 87.22 2.39 Jet Kerosene 97.75 2.05 US$/barrel Opec Oil
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    • 2647 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 2 unch ***** 1 3 2.50 1 AFP Properties EW*****8 32 ***** 1 10 -5 1.38 60 6221 Asia-Pacific Strategic W*****6 36 -2.5 200 1
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    • 464 25 Nov 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.982 6.453 0.730 7.520 44.398 87.135 0.813 11.212 3.054 1.282 82.960 42.805 1.276 6.882 0.970 29.511 29.229 0.617 0.969 Canada 1.018 6.570
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    • 85 25 Nov 26 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 154 25 Nov 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2755 1.2766 0.9686 0.9687 Canadian dollar 1.2984 1.3000 0.9860 0.9865 Euro 1.7461 1.7479 1.3260 1.3264 NZ dollar 0.9944 0.9965 0.7552 0.7562 Sterling pound 2.0687 2.0708 1.5710 1.5714
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    • 141 25 Nov 26 GOLD (US$/oz) Nov 25 Nov 26 Hong Kong 1371.70 1367.00 Nov 26 Nov 25 London 1356.50 1372.70 1357.25 1373.50 Source: Thomson Reuters CAST BAR Nov 26 (S$) Selling Buying Kilobar 61,777.52 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 138 58 5gm 393 288 10gm 702
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    • 69 25 Nov 26 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2243.00 2253.00 3 months 2270.00 2281.00 Copper, Grade A (US$/tonne) Cash 8287.00 8388.00 3 months 8239.00 8340.00 Lead (US$/tonne) Cash 2258.50 2308.25 3 months 2280.00 2331.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • 82 25 Nov 26 COCOA (£/tonne) Close Prev High/Low Dec 10 1870 1847 1875/1845 Mar 11 1874 1847 1880/1846 May 11 1888 1861 1894/1861 Jul 11 1904 1875 1910/1879 COFFEE (US$/tonne) Close Prev High/Low Nov 10 1800 1808 1829/1829 Jan 11 1816 1829 1828/1805 Mar 11 1835 1847 1846/1823 May 11
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    • 5846 26 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 Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
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  • BizIT
    • 917 28  -  IDC research shows that firms seeking lower costs and higher returns on investment are driving demand, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY AFTER a poor year in 2009, Singapore’s middleware market is expected to grow by 10 per cent this year,
      917 words
    • 287 28  -  By VICTORIA HO SITEX, the final large IT show for the year, closed on a high over the weekend. Visitors hit 900,000, surpassing last year’s visitorship record by 5 per cent. The final sales figure hit $52 million. Sitex 2009 drew a crowd of 859,000
      287 words
    • 952 29  -  While tapping the benefits of social media, firms must create an awareness about the potential dangers of privacy leaks <news analysis> By VICTORIA HO AS FACEBOOK hit the US$35 billion valuation mark last week, concerns around the social networking giant’s footprint have continued to weigh heavy
      AFP  -  952 words
    • 683 29  -  By RAJU CHELLAM A BOOM in automobile production and other uses is pushing up the demand for specialised semicon chips called MEMS (micro electrical mechanical systems) to record levels worldwide, and this should specially benefit Singapore which is one of the key production
      683 words
    • 860 29  -  Apps are expanding capabilities of mobile devices By AMIT ROY CHOUDHURY THE growing popularity of mobile phones and other connected devices in Asia has opened up enormous opportunities for value added service providers, and Openwave Systems hopes to take advantage of this. Speaking
      860 words
    • <what’s up>
      • 47 29 NCS has partnered Microsoft to train 1,000 on the latter’s Windows Azure cloud platform over the next three years. The systems integrator, which has an existing partnership with Microsoft, is also the first Strategic Azure Partner to be announced for the Asia-Pacific.
        47 words
      • 59 29 EMC’s security division, SA, has announced K Sugumaran as its new managing director for South-east Asia. Prior to his appointment, he was the partner sales director for Asia-Pacific at Oracle, with 10 years spent at Sun Microsystems prior to that. Earlier, he was Netscape’s general
        59 words
      • 37 29 ADOBE has released its new-generation Acrobat X software family. The product is used in the creation of Adobe’s PDF format documents and also allows compatible exports to Microsoft software, Word, Excel and SharePoint.
        37 words
      • 77 29  -  Compiled by VICTORIA HO CANON has released two monochrome printer models, the imageRUNNER ADVANCE 6000 and 8000. The enterprise-targeted models are similar to the company’s colour models, which include a customisable user interface. They are capable of 1,200 x 1,200 dpi resolution and can print A4
        77 words
  • Page 28 Advertisements
    • 325 28 Canon Delighting You Always YOUflG LriTREPREnEUR AUUARDS 2010 Got the next big business idea? Share with us and stand to win fabulous prizes! 'ww.canon.com.sg/thinkbiq/activities 9 r IIOU\?) o-x-Brilliant Presentations LV7280 XGA (1024x768) 2200 lumens 2000:1 contrast ratio 1.2x optical zoom LV8215 •WXGA (1280x800) 2600 lumens 450:1 contrast ratio 1,2x optical
      325 words


  • Page 30 Advertisements
    • 187 30 i i n C| m Mm i '7 i 7\ v I 351 raaffi&s 471 2WV-: es S Is v* •&lt;* spr m £5fcff &lt;-■ m n &M t* •r ■-&gt; fijrt mz c &gt;«T» 5 '4V' &gt; m •'&gt;' ml -V itC &R M ■.&gt;: MMzm W •*&gt; J+&gt;K
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