The Business Times, 11 December 2010

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Microfilm: NL30983
Total Pages: 47
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg DECEMBER 11 12, 2010 S$1.00 MICA (P) 139/08/2010 1
    14 words
  • Article
    Lock icon Genting S’pore reveals latest ace up its sleeve
    637 1  -  Company refinancing $4.2b loan, which will lower interest costs and could open the door for payment of dividends to its shareholders By Grace Leong gleong@sph.com.sg Singapore AFTER generating impressive revenues, Genting Singapore has turned its attention to the other side of its
    637 words
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      194 1 the business times www.businesstimes.com.sg DECEMBER 11 12, 2010 S$1.00 MICA (P) 139/08/2010 DINING Yuletide posh nosh L10-11 the raffles conversation TAY LIAM WEE, EXECUTIVE CHAIRMAN OF SINCERE WATCH 10-11 WEALTH Better returns in 2011 30-31 market outlook Mobius: Bull run will continue VALUATIONS are still at the mid-point of the
      194 words
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      12 1 A right royal assault Angry student protesters attack Prince Charles’ car 6
      12 words
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  • TOP STORIES
    • Article
      Lock icon MARKETS
      140 2 H STI 3,185.42 (-24.78) H STI FUTURES 3,180.00 (-27.00) H SIMSCI 375.96 (-2.78) H SIMSCI FUTURES 374.50 (-4.40) STOCKS Friday Change KL COMP 1,507.28 -14.01 NIKKEI 225 10,211.95 -73.93 HANG SENG 23,162.91 -8.89 SET 1,035.85 +10.77 JAKARTA 3,747.71 -38.38 MANILA 4,135.75 -73.67 KOSPI 1,986.14 -2.82 SHENZHEN B 832.58 +7.56
      140 words
    • Article, Illustration
      Lock icon Big girls don’t buy (with cash)
      849 2  -  US research finds that using credit and debit cards can weaken impulse control on buying unhealthy food By Joyce Hooi joyceh@sph.com.sg Singapore YOUR piece of plastic might be turning you into a lump of lard. Shoppers who use credit and debit cards to shop
      849 words
    • Article
      Lock icon Mobius has spoken, bull run will continue
      584 4  -  Investment guru still sees big upside in emerging markets By Lynette Khoo lynkhoo@sph.com.sg Singapore EMERGING markets are still in a secular bull run that will extend into next year even if accompanied by significant corrections along the way, says investment guru Mark Mobius.
      584 words
    • Article, Illustration
      Lock icon World salutes the absent Nobel winner
      330 4 AP Oslo CLAPPING solemnly, dignitaries in Norway celebrated this year’s Nobel Peace Prize winner, imprisoned Chinese dissident Liu Xiaobo, with an empty chair. Yesterday’s ceremony was the first time in 74 years the prestigious US$1.4 million award was not handed over, because Mr Liu
      AP; REUTERS  -  330 words
    • Article
      Lock icon China’s bank reserve ratio up a half point
      330 6 The third hike in five weeks, to tame inflation, comes as the central bank refrains from raising interest rates Bloomberg Beijing CHINA ordered lenders to park more money with the central bank for the third time in five weeks to counter the
      Bloomberg  -  330 words
    • Article, Illustration
      Lock icon Charles’ car attacked after vote on UK university fees hike
      648 6 AP AFP [LONDON] Rioters in Britain attacked a car carrying the heir to the throne Prince Charles on Thursday night and battled with police outside Parliament as the government survived a major test in a vote to raise university fees.
      AP; AFP  -  648 words
    • Article, Illustration
      Lock icon Higher stakes in Penang Port privatisation
      792 7  -  Consortium led by Malaysian and mainland Chinese companies made RM500m bid in Oct without seeking any federal govt assistance By S Jayasankaran bt wo rl d @s p h .co m .sg Kuala Lumpur A NEW bidder has entered the race for the stakes
      FILE PHOTO; CHINA PRESS  -  792 words
    • Article
      Lock icon The juicy imponderables of WikiLeaks
      601 8  -  saturday soapbox| By Joyce Hooi ~joyceh@sph.com.sg NOW that the world has found out through WikiLeaks what it has long suspected that in a roomful of people who dress up in suits to meet other people who dress up in suits, everyone is secretly calling everyone
      601 words
    • Article, Illustration
      Lock icon Japan plans spin-off of infrastructure-project lender
      614 8  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE Japanese Cabinet yesterday announced plans to bolster the country’s drive to become a leading global provider of infrastructure facilities in developed as well as emerging economies, and to acquire strategic investments overseas in areas such as natural resources.
      AP  -  614 words
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      56 2 CONTENTS NEWS Top Stories 2-8 Week In Review 9 Raffles 10-11 Companies 12-15 From The Desk Of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-36 Show Me Money 33 Househunt 34 Real Estate 35 LIVING Travel L2-7 Dining L8-11 Style& Design L12-13 Style L14 Health L15
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      130 3 www.vw.com.sg i m 1 '•< 9 MOB DD 285 Ittlnk'. Vj *ttB3 ■;-;U; At The new Phaeton. It's the fine details that distinguish a Phaeton. For this reason, we use a very special tool: the human hand. Only it can ensure that each of the 18,000 components which go to
      130 words
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      202 5 HI. I AM M wr. JUKE Available in 1,6L DIG-T and 1 6L. come ride me any way u wish take me out for a spin today i* Q SCULPTED DYNAMISM Drool over my lean and aggressive exterior and equally bold and athletic interior featuring colour-matched accents and a motorcycle
      202 words
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  • Page 7 Advertisements
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      108 7 m a? i/iii,, COMPLIMENTARY ROUND OF GOLF AT SWISS-GARDEN GOLF RESORT SPA DAMAI LAUT 1 COMPLIMENTARY NON MOTOREED ACTMTIES COMPLIMENTARY TELEMATCHES FOR MEETING PACKAGES FROM SUNDAYS TO THURSDAYS FROM s$ 86 PER ROOM PER NIGHT AT SWISS-GARDEN, BUSINESS AND PLEASURE DO IN FACT, MIX PRETTY WELL. MEETINGS SEMINARS TEAM BUILDINGS
      108 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK | Dec 6-10, 2010
      • Article, Illustration
        Lock icon Retailers upbeat on holiday season sales
        83 9 THE retail industry is hoping for a little something extra in its Christmas stocking this year. Stores are expecting to grow their sales by up to 15 per cent this holiday season compared to last year’s, thanks to a stronger economy as well as
        YEN MENG JIIN  -  83 words
      • Article
        Lock icon Unilever to set up global leadership centre in S’pore
        64 9 Over the next 10 years, global consumer goods giant Unilever wants to double the sales that it has taken 100 years to achieve. So it is setting up a global leadership centre in Singapore to build up a pipeline of leadership
        64 words
      • Article
        Lock icon Big-ticket property deals prop up market
        60 9 IN a reflection of which way the big boys have been betting, investment sales in the property market which involve deals of at least $5 million each have risen sharply this year to touch $32.5 billion. This is three times the $10.6 billion for
        60 words
      • Article
        Lock icon Year after mega takeover, Pfizer’s ‘tired’ CEO quits
        60 9 PFIZER Inc’s chief executive has stepped down without warning, acknowledging the personal toll involved in steering the world’s largest drugmaker through a multibillion dollar merger. The departure of Jeffrey Kindler, 55, comes more than a year after Pfizer completed the signature move
        60 words
      • Article
        Lock icon End of truce may spell a harder grind for GLP
        56 9 A NON-compete agreement involving Global Logistic Properties and a potential rival is set to expire early next year, and could lead to stiffer competition for the group in its targeted growth market of China. The clause was not disclosed in
        56 words
      • Article
        Lock icon Time to do the math as gold gleams brightly
        42 9 THE US government’s strategy of printing money amid lacklustre economic data has sent gold to record levels as investors seek safety in the precious metal. Not helping is the ongoing European debt crisis.
        42 words
      • Article
        Lock icon IPO fever expected to keep raging next year
        51 9 THIS year’s great IPO revival is expected to carry its momentum into 2011 with more new listings streaming in. Professionals linked with initial public offerings say that after a seasonally slow December, many companies are raring to go to the market next
        51 words
      • Article
        Lock icon Industry churns, real estate agents jump ship
        57 9 PROPERTY firms here are jostling for the best agents as enforcement by new regulatory body Council for Estate Agencies kicks in. This has led to an industry shake-up here, with agents being drawn to firms with a track record of high-profile residential launches
        57 words
      • Article
        Lock icon Car COE premiums shoot to 13-year highs
        54 9 FRENZIED bidding seemed to characterise the mood in Wednesday’s COE tender as passenger car premiums soared to levels not seen since early 1997. Even before 3pm, Category A, for cars below 1,600cc, and Cat B, for cars above 1,600cc, were already close to
        54 words
      • Article
        Lock icon Wikistorm batters away at businesses
        73 9 WHAT first began as a series of targeted attacks has escalated into a full-blown online assault on governments and corporations by impassioned supporters of WikiLeaks and its detained founder Julian Assange. Anonymous hackers managed to shut down the Swedish government’s official website for several hours
        73 words
      • Article
        Lock icon Condos fall in line, slip to back of wiring queue
        69 9 AN iron-clad government ruling is starting to lift the impasse that blocked most condominium residents from cruising on Singapore’s new ultrafast Internet highway. However, the standoff appears to have pushed condos to the back of the installation queue as most
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    • NEXT WEEK | Dec 13-Dec 17
      • Article
        Lock icon US DATA
        28 9 Dec 14 Nov Producer Price Index and Retail Sales Dec 15 Nov Consumer Price Index and Industrial Production Dec 16 Nov Housing Stats Philadelphia Fed Survey
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      • Article
        Lock icon SINGAPORE DATA
        16 9 Dec 15 Oct Retail Sales and Catering Trade indices Dec 17 Nov Merchandise Trade
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      • Article
        Lock icon EVENTS
        44 9 Dec 13 WASHINGTON The US and China hold annual high-level trade and economic talks Dec 15 WASHINGTON US Federal Reserve’s Federal Open Market Committee (FOMC) holds one-day meeting on interest rates; announces decision on interest rates and issues policy statement at 1915 GMT
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  • Page 9 Miscellaneous
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon A question of timing
      2111 10/11  -  Tay Liam Wee breaks his silence about the circumstances that led to the sale of Sincere Watch in 2007, and why he later bought it back. By Chuang Peck Ming By Chuang Peck Ming peckming@sph.com.sg SINGAPORE may be a small market for a lot of things,
      ARTHUR LEE  -  2,111 words
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  • COMPANIES
    • Article, Illustration
      Lock icon OSIM pegs TDRs at indicative NT$20.80
      547 12  -  Company applies to list 85m TDRs to raise $76m and plans to use the proceeds for developing specialty retail outlets By Karen Ng karen ng@sph.com.sg Singapore OSIM, a retailer of massage products and nutritional supplements, yesterday applied to the Taiwan authorities to offer and
      FILE PHOTO  -  547 words
    • Article
      Lock icon Shangri-La Asia plans to raise HK$4.7b from rights issue
      416 12  -  By Karen Ng karen ng@sph.com.sg Singapore LUXURY hotel group Shangri-La Asia aims to raise about HK$4.7 billion (S$793 million) through a rights issue, at a subscription price of HK$19.50 per rights share. In a regulatory filing yesterday, the group said that
      416 words
    • Article
      Lock icon Morgan Stanley buys more Amtek shares
      292 12  -  By Linette Lim llinette@sph.com.sg Singapore MORGAN Stanley bought another 900,000 Amtek shares on Thursday, making it the seventh time that such stabilising action was taken since the engineering company’s stock market debut on Dec 1. Amtek’s shares closed 1.5 cents lower yesterday at 97.5
      292 words
    • Article, Illustration
      Lock icon DBS launches $30m regional branding drive
      483 13  -  40% of campaign budget will be devoted to Greater China By Lynn Kan lynnkan@sph.com.sg Singapore DRUMMING up its focus on being a leading Asian bank, DBS Bank is launching a regionwide publicity blitz to the tune of at least $30 million. DBS will orchestrate
      483 words
    • Article
      Lock icon DBS preference shares included in CPFIS
      179 13 INVESTORS keen on using their Central Provident Fund (CPF) or Supplementary Retirement Scheme (SRS) savings to purchase DBS Bank’s recent batch of preference shares can now do so. DBS said yesterday that its $800 million offer of preference shares paying an annual dividend of
      179 words
    • Article, Illustration
      Lock icon Leaving the market to its own devices
      769 14  -  stocks R Sivanithy sivan@sph.com.sg Senior correspondent IF LAST week was all about front-running the Straits Times Index (STI) vis-a-vis Wall Street, this week was all about doing nothing and leaving the market to its own devices. This was because there were no major
      769 words
    • Article
      Lock icon HK to still pre-vet big transaction news
      395 14  -  By Emilyn Yap emilyny@sph.com.sg Singapore HONG Kong’s stock exchange will continue to pre-vet company announcements on “very substantial” transactions such as takeovers to ensure compliance with listing rules. This means that its earlier plans to check and monitor all announcements only after they
      395 words
    • Article
      Lock icon Four-month delay in delivery of 12th SIA A380 superjumbo
      572 15  -  Japanese seat-maker Koito failed to deliver business class seats on time By Ven Sreenivasan ven@sph.com.sg Singapore SINGAPORE Airlines says the delivery of its 12th A380 superjumbo cruiser will be delayed for up to four months due to delays in the delivery
      572 words
    • Article
      Lock icon Dukang unveils dividend policy
      226 15 HOT on the heels of its proposed TDR (Taiwan depository receipt) listing, Dukang Distillers has announced a proposed dividend policy. It intends to pay between 5 per cent and 20 per cent of its net profit as acash dividend, “as long as the company’s shares and
      226 words
    • Article
      Lock icon China Gaoxian gets nod for Korea listing
      290 15 CHINA Gaoxian Fibre Fabric Holdings has received approval from the Korean Exchange for its offering and listing of up to 600 million ordinary shares in the form of Korean depository receipts (KDRs). The firm, which was listed on the mainboard of the Singapore
      290 words
    • Article
      Lock icon Peter Lim gets 98.33% of TMC
      100 15 BILLIONAIRE investor Peter Lim has bagged 98.33 per cent of shares in Thomson Medical Centre. Trading in the counter will be suspended on Monday. Mr Lim’s investment holding company Sasteria had launched a mandatory unconditional cash offer for Thomson Medical at $1.75 per share.
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      1064 15 IN THE MATTER OF THE COMPANIESACT, CHAPTER. 50 AGI LOGISTICS CHINA HOLDINGS PTE. LTD. (Co No: *****2571H) (IN MEMBERS’ VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of AGI LOGISTICS CHINA HOLDINGS PTE. LTD. held on Tuesday, 30 November 2010, the following Special Resolution was passed: WINDING-UPAND APPOINTMENT OF LIQUIDATOR ThatAGILogisticsChinaHoldingsPte.Ltd.bewoundupvoluntarilypursuanttoSection290(1)(b)oftheCompanies
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Changing face of customer interaction
      910 16  -  Working in a global environment expands market potential, but that potential also comes with many headaches for the chief marketing officer from the desk of James Latham Chief Marketing Officer Open Text Corporation THE breaking down of borders, both physical and virtual, has opened up
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  • SINGAPORE
    • Article, Illustration
      Lock icon Top savings goal of S’poreans is retirement
      529 17  -  But 42% of respondents think that they are not saving enough: HSBC survey By Lynn Kan lynnkan@sph.com.sg WHILE saving for a retirement nest egg comes out as the foremost priority for Singaporeans in a survey by HSBC Insurance, Singaporeans still “run the risk
      HSBC  -  529 words
    • Article, Illustration
      Lock icon Lucas and Shannen set to burn the dance floor
      370 17  -  By Lynn Kan lynnkan@sph.com.sg THEY’RE pint-sized but their fancy footwork is far from small in stature. Lucas Neo, 7, and Shannen Tan, 9, will burn up the dance floor with their samba and cha-cha moves at this year’s ChildAid concert. Lucas
      YEN MENG JIIN  -  370 words
    • Article, Illustration
      Lock icon Creating a great drinking experience is key for Diageo
      562 18  -  And that includes trained bartenders who can ‘connect emotionally’ By Nisha Ramchandani nishar@sph.com.sg TO the uninitiated, the skill in making a decent drink merely involves swirling about some gin and tonic in a glass. Not so, according to Mark Barnard, commercial
      562 words
    • Article, Illustration
      Lock icon 200 SingTel staff spread Xmas cheer among needy
      365 18 SOME 200 SingTel staff caught the Christmas spirit and spent yesterday reaching out to those in need. They worked with voluntary welfare organisations to distribute hampers to 150 needy families islandwide and also cleaned several homes of the beneficiaries. Some 20 other
      ARTHUR LEE  -  365 words
    • Article
      Lock icon Fewer incidents of falling windows
      227 18 STATISTICS from the Building and Construction Authority (BCA) show that 43 windows fell from high-rise flats and apartments from January to November this year, a decrease from 72 cases in 2009. Casement windows accounted for 18 of the incidents. “This is a significant dip from
      227 words
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      Lock icon Page 17 Advertisements Column 1
      679 17 w WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF NORSKE SKOG PANASIA CO PTE LTD (IN MEMBER'S VOLUNTARY LIQUIDATION) (Company Registration No. *****2923N) NOTICE OF MEMBER'S VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Member of the
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  • WORLD
    • Article
      Lock icon Strong global growth pushing up oil prices
      511 19 Benchmark rises 32 US cents to US$88.60 in Singapore but IEA sees easing with medium-term range of US$75-85 AFP Paris OIL demand and prices are showing a year-end spurt, pushed by global growth and a surprising pick-up in advanced economies, but these pressures
      AFP  -  511 words
    • Article, Illustration
      Lock icon India may accept emissions targets
      426 19 Reuters New Delhi INDIA may eventually commit itself to legally binding emissions reduction targets, the environment minister said in remarks broadcast yesterday, a shift that could bolster troubled United Nations climate talks in Mexico. India is the world’s No 3 greenhouse gas polluter after the
      Reuters  -  426 words
    • Article
      Lock icon South Korean growth seen slowing to 4.5% next year
      330 19 AP Seoul SOUTH Korea’s economic growth is set to slow to a more normal level of 4.5 per cent next year following its strong recovery from the global financial crisis, the central bank said yesterday. The figure compares with expected growth
      AP  -  330 words
    • Article
      Lock icon Bargaining for ECB board seats set to start soon
      234 19 Reuters Berlin GERMANY wants a “package deal”onanumberoftopEuropean finance positions including the next European Central Bank president, and governments could begin working on a deal as soon as January, Financial Times Deutschland said yesterday. Eurogroup chief Jean-Claude Juncker has urged eurozone governments
      Reuters  -  234 words
    • Article, Illustration
      Lock icon India’s output growth hits 3-month high of 10.8%
      476 20 October figure beats median estimate of 8.5% from 29 economists Bloomberg New Delhi INDIA’s industrial production has grown at the fastest pace in three months, threatening to strain power and transportation capacity and stoke inflation. Stocks and bond yields rose. Output at
      Bloomberg  -  476 words
    • Article
      Lock icon China’s Ski-mobi cuts ADR pricing
      423 20 It raises US$58m in IPO while Bona Film crashes 22% on debut Bloomberg New York SKY-MOBI LTD, the operator of China’s biggest mobile application store by sales, raised US$58 million pricing its US initial public offering at the bottom of the forecast range. The company
      Bloomberg  -  423 words
    • Article
      Lock icon S Korea to learn about Islamic finance from Malaysia: Lee
      259 20 Bloomberg Kuala Lumpur SOUTH Korea wants to learn about Islamic finance from Malaysia, President Lee Myung Bak said yesterday following a local newspaper report that Parliament had rejected a bill that would pave the way for a sale of sukuk.
      Bloomberg  -  259 words
    • Article
      Lock icon Deficit falls to lowest level in 9 months
      395 21 Growing demand for American goods overseas pushes exports to their highest level in more than two years latest us data AP Washington THE US trade deficit fell to its lowest level in nine months as growing demand for American goods overseas pushed
      AP  -  395 words
    • Article
      Lock icon Germany, France vow to defend euro
      316 21 AP Freiburg, Germany THE German and French leaders yesterday vowed to do whatever is needed to defend the euro, but stood by their rejection of the idea of pan-European bonds that would support governments with shaky finances or an extension of the 750 billion
      AP  -  316 words
    • Article
      Lock icon Pfizer pulls out blood pressure drug
      141 21 AP New York PFIZER yesterday said it is pulling its blood pressure drug Thelin off the market and stopping all clinical trials because the drug can cause fatal liver damage. Thelin is sold in the European Union, Canada and Australia as an oral treatment
      AP  -  141 words
    • Article, Illustration
      Lock icon Spare drugs, EU-India summit told
      306 21 AFP Brussels PROTESTERS wearing white medical coats staged a noisy protest yesterday outside an In-dia-EU summit to demand continued access to cheap medicine for hundreds of thousands of HIV sufferers in poor countries. “I’ve seen too many people die! We need to have these medicines,”
      AFP; AP  -  306 words
    • Article
      Lock icon Overhaul of US taxes in the works
      657 22 Obama directs economic team to analyse reform options, to help trim long-term deficit Bloomberg Washington PRESIDENT Barack Obama has directed his economic team to begin analysing options for overhauling the US tax code as part of an effort to trim the long-term deficit,
      Bloomberg  -  657 words
    • Article, Illustration
      Lock icon Zuckerberg pledges to give away most of his wealth
      384 22 AP New York ANOTHER 17 of America’s richest people, including Facebook CEO Mark Zuckerberg, junk bond pioneer Michael Milken and AOL co-founder Steve Case, have promised to give away most of their wealth. At 26, Mr Zuckerberg has put himself on
      AP  -  384 words
    • Article
      Lock icon Buffett’s Berkshire adds 3,000 jobs this year
      357 22 Bloomberg New York BERKSHIRE Hathaway added about 3,000 jobs this year as chief executive Warren Buffett invested in the firm’s biggest employer, railroad Burlington Northern Santa Fe, after slashing the workforce in 2009. Berkshire has 260,000 employees across more than 70 subsidiaries spanning
      Bloomberg  -  357 words
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  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      28 22 (ft Lianhe Zaobao Japan's first S'pore-style Chinese-English bilingual preschool t fir TIP rl 16 it «s I In so JL To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      28 words
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  • SGX
    • Article
      Lock icon Untitled
      9046 23 Transaction date: Dec 10 52-wks Tel Last Vol Day 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 unch 50 18 18 18 18.5 1.7 10.1 5.8 86.2 12 4.5 5834 A-Sonic 5 -0.5
      9,046 words
    • Article
      Lock icon SGX CATALIST
      1790 26 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 1181 t AA Grp 5 4 5.5 27.8 4.8 225 130 6222 t APStrategic 164 +5 9 164 164 157 164
      1,790 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 9 5 0 0 0 2 9 5 Manufacturing 45 61 69 6 4 10 51 65 79 Commerce 11 18 28 0 4 6 11 22 34 Tpt/Stor/Comms 5 19 20
      186 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      777 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Dec 6 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Jackspeed Corp 9-Dec-10 Cheng Kwee Kiang Buy ***** na ***** 22.97 ***** 27.88 CWT 9-Dec-10 Loi Kai
      777 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 36,733 36,733 53,360 53,360 Manufacturing 277,161 7,899 285,060 198,678 389 199,068 Commerce 90,053 21,718 111,771 130,866 1,166 132,032 Tpt/Stor/Comms 68,155 885 69,040 145,177 247 145,424 Finance 17,781 17,781 154,523 154,523 Construction 8,014 39,839 47,853 2,093
      119 words
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  • MARKETS
    • Article
      Lock icon foreign currency note rates
      118 27 Dec 10 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.332 1.257 Can dollar 1.321 1.271 Euro 1.768 1.7 Sterling pound 2.107 2.026 NZ dollar 1.009 0.961 US dollar 1.331 1.28 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      94 27 YTD change: +9.93% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,648.15 on May 25,2010 Source: Bloomberg YTD change: +5.90% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 18,971.50 on May 27,2010 Source: Bloomberg Source: Bloomberg YTD change: +9.03% 52-week high: 11,451.50 on Nov 5, 2010 52-week low:
      Source: Bloomberg  -  94 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      374 27 In local curr In S$ In US$ dy yr dy yr dy yr Dec 9 Index Change Change Change Change Change Change World Index Preliminary 885.8 0.2 6.4 0.0 0.0 0.2 6.9 ‡EAFE Preliminary 799.6 0.4 1.9 0.1 -4.2 0.4 2.5 Europe Preliminary 1167.8 0.2
      374 words
    • Article
      Lock icon interbank currency rates
      154 27 Dec 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2900 1.2915 0.9861 0.9868 Canadian dollar 1.2956 1.2970 0.9904 0.9910 Euro 1.7356 1.7366 1.3267 1.3269 NZ dollar 0.9829 0.9837 0.7513 0.7516 Sterling pound 2.0690 2.0705 1.5816 1.5820
      154 words
    • Article
      Lock icon liffe
      82 27 Dec 9 COCOA (£/tonne) Close Prev High/Low Dec 10 1990 2008 2026/1989 Mar 11 1992 2009 2028/1988 May 11 2006 2024 2044/2003 Jul 11 2019 2040 2053/2018 COFFEE (US$/tonne) Close Pev High/Low Jan 11 1923 1881 1946/1882 Mar 11 1904 1882 1914/1871 May 11 1920 1900 1927/1892 Jul 11
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    • Article
      Lock icon chicago bot
      93 27 Dec 9 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jan 11 1281.*****6.*****9.*****8.25 Mar 11 1290.*****5.*****8.*****7.00 May 11 1294.*****9.*****0.*****1.00 Jul 11 1294.*****0.*****2.*****1.50 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Dec 10 53.79 53.80 54.10 53.78 Jan 11 54.15 54.18 54.55 53.86 Mar 11 54.62 54.66 55.01
      93 words
    • Article
      Lock icon palm oil
      65 27 Dec 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 10 3690 3630 3690 3610 539 1082 Jan 11 3630 3670 3685 3630 1686 ***** Feb 11 3572 3633 3637 3569 ***** ***** Mar 11 3527 3583
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      Lock icon oil
      75 27 Dec 9 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 90.84 0.19 WTI (Near Mth) 88.39 -0.08 Dubai (1-Mth F) 88.09 0.05 Tapis blend 94.90 -0.55 Minas 90.75 -0.40 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 92.56 0.45 Jet Kerosene 103.45 0.85 US$/barrel Opec Oil Basket Price
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      Lock icon metals
      67 27 Dec 10 GOLD (US$/oz) Dec 09 Dec 10 Hong Kong 1391.*****2.00 Dec 08 Dec 09 London 1378.*****5.05 1379.*****5.80 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 38.14 37.91 Source: UOB PLATINUM Lon (US$/oz) Dec 09 Close Previous PM Fix 1691.*****3.00 AM Fix 1686.*****6.00 Source: Thomson Reuters PLATINUM NYMEX
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      Lock icon london metals
      72 27 Dec 9 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2325.25 2357.00 3 months 2338.00 2373.00 Copper, Grade A (US$/tonne) Cash 8987.50 9047.25 3 months 8950.00 9015.00 Lead (US$/tonne) Cash 2389.50 2386.00 3 months 2405.00 2405.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon S’pore govt flexes creative muscles
      875 28 / 29  -  The public sector is the big winner in the recent Advertising Hall Of Fame Awards due to its push for a greater focus on creativity. By John Kyriakou By John Kyriakou ~The writer is deputy CEO of Leo Burnett Singapore AT THE recent Advertising Hall
      REUTERS  -  875 words
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      Lock icon Car technologies may green world faster than politics
      1112 28 / 29  -  G Panicker ~The writer was formerly with BT’s foreign desk IF YOU care about climate change, look beyond Cancun to California for real action. As politicians dance around a global agreement in the Mexican resort, two US carmakers are making a bid
      AFP  -  1,112 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Better returns in 2011
        1719 30 / 31  -  Expect to see a year of continuing global recovery, with solid global and earnings growth in an environment of benign inflation and easy monetary conditions Shane Oliver AMP Capital Investors The writer is head of Investment Strategy and chief economist, AMP Capital Investors THEkeyglobalthemes of 2010
        REUTERS  -  1,719 words
      • BROKERS' TAKE
        • Article
          Lock icon OSIM International
          260 30 / 31 Neutral DMG Partners research Dec 10 Close: $1.63 OSIM announced that it will be offering and listing 85 million Taiwan Depository Receipt (TDR) units at an indicative price of NT$20.80 (S$0.91) each. Each TDR will represent 0.5 ordinary share which works out to 42.5 million ordinary shares, the
          260 words
        • Article
          Lock icon Singapore Reit Sector
          498 30 / 31  -  Overweight OCBC Investment Research Dec 10 Compiled by LYNN KAN WE SEE most of the Singapore real estate investment trusts (S-Reits) emerging stronger from the financial crisis, with healthier balance sheets, forthcoming acquisition proposals and more asset enhancement works. There were also three new Reits entrants that
          498 words
      • Article, Illustration
        Lock icon Pimco Total Return fund among big losers
        1141 32 World’s largest mutual fund second-biggest decliner among largest US bond managers amid selloff in Treasuries Bloomberg Boston BILL Gross’s Pimco Total Return Fund, the world’s largest mutual fund, was the se-cond-biggest decliner among the largest US bond managers in the past month as
        Bloomberg; AFP  -  1,141 words
      • Article, Illustration
        Lock icon Will China follow Japan’s downward spiral?
        1460 33  -  Its growth model is similar to Japan’s during the latter’s high growth period from 1956 to 1975 show me the money| Teh Hooi Ling hooiling@sph.com.sg Senior correspondent I ATTENDED a seminar organised by the Institute of Southeast Asian Studies (ISEAS) this week. The topic
        REUTERS  -  1,460 words
    • WEALTH REAL ESTATE
      • Article
        Lock icon Househunt PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN NOV 10 AND 16, 2010
        789 34 PROJECTNAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 16 LANDED Bayshore Terrace 3-Ter 12/11/2010 FH 2276 2000 879 Riviera Dr 4-Det 16/11/2010 FH 4408 5000 1134 Riviera
        789 words
      • Article, Illustration
        Lock icon Over a third of Punggol’s Prive snapped up
        457 35  -  Other projects that are coming to market include Austville Residences, Spottiswoode 18 and Killiney 118 By Emilyn Yap emilyny@sph.com.sg Singapore CHRISTMAS came early for NTUC Choice Homes Co-opera-tive and Chip Eng Seng yesterday as home buyers inked deals for more than a
        NEO XIAOBIN/THE STRAITS TIMES  -  457 words
      • Article
        Lock icon Developer banks on Danga Bay’s draw
        541 35  -  By Pauline Ng btnews@sph.com.sg Kuala Lumpur BULLISH on Iskandar Malaysia’s prospects, Azea Properties’ Tan Yang Po is already considering the next project: a mixed commercial development in Danga Bay on a piece of land adjacent to planned high-end waterfront condominiums that her company will
        541 words
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      Lock icon Page 34 Advertisements Column 1
      66 34 Featuring the Prestige Homes Collection Marina Collection Sentosa Cove An Unrivalled lVlarina Experience To arrange for an appointment to view our show unit, please contact Gladis Heng 9387 4624, George Tan 9792 8913 For other luxurious developments, please call 6836 3338 or search with us savills Savills has more than
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      50 36 M AUDEMARS PIGUET Le maitre de I'horlogerie depuis 1875 ■V-. mmmmm SD m m m m am s mm S m m •ye •A# m m Ml m /> 5 SI D H ■FLL <e WVi ?S S <* < <•: ft >. S-, it JULES AUDEMARS CHRONOGRAPH For enquiries,
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      54 1 LivingTHEBUSINESSTIMESWEEKEND|DECEMBER11-*****0BTTHE BUSINESS TIMES WEEKEND DECEMBER 11-12 2010 TRAVEL Christmas around the world L4-7 FLIGHT PLANS Where Singaporeans are going this Christmas DESIGN Fendi at Design Miami L12-13 DOG SLEDDING IN LAPLAND. PHOTO BY GEOFFREY EU DINING Yuletide posh nosh L10-11 HEALTH Barefoot running L15 GOLF Nurturing tomorrow's champions L17 MOTORING
      54 words
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  • BT Living
    • TRAVEL
      • Article, Illustration
        Lock icon FLIGHT PLANS
        1166 2 / 3  -  The strong local dollar is fuelling a year-end travel exodus, with more Singaporeans deciding that they won’t be home for Christmas. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg FRANCEisthedestina-tion of choice for Soo Yew Weng’s family this year, and the plan is to get some culture in Paris
        PHOTO OF SANTURANTICUY MARKET BY CÉSAR VEGA/PROMPERÚ  -  1,166 words
      • Article, Illustration
        Lock icon Big Apple magic
        1068 4 / 5  -  Christmas is a special time of the year wherever in magic New York, year the world you may be. In New York, the sights, sounds and smells of the city create a unique festive tapestry that will have you rushing back for more of its divine mayhem.
        PHOTOS: AFP, AP, BLOOMBERG  -  1,068 words
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        Lock icon The happening place
        674 4 / 5 jaime@sph.com.sg Eventi 851 Avenue of the Americas New York, NY ***** Z(212)-564-4567 www.eventihotel.com FOR a city that was the epicentre of the global financial crisis, New York is looking pretty good. In fact, you’re hard put to see any signs of economic hardship at least not from
        PHOTOS: M SILVER ASSOCIATES, BILL HORIN  -  674 words
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        Lock icon Festive diversions
        703 6 / 7  -  Horse-drawn carriages, historical walks and carol services make the season bright. By Daven Wu bright.By Daven Wu btnews@sph.com.sg WITH a flurry of unseasonal snow and sharp cold days, winter has well and truly arrived in the UK capital. Which explains why Londoners are rubbing their mitten-covered hands in
        PHOTOS: REUTERS, BRITTA JASCHINSKI/MAYBOURNE HOTEL GROUP  -  703 words
      • Article, Illustration
        Lock icon Santa, saunas and heaps of snow
        863 6 / 7  -  Nowhere is the Christmas of storybooks brought as vividly to life than in Finnish Lapland, home to Santa Claus, reindeer and more. By Audrey Phoon lapland By Audrey Phoon aphoon@sph.com.sg IF Paris provided inspiration for scribes such as Ernest Hemingway and Victor Hugo, then
        PHOTOS: YEN MENG JIIN, VISITFINLAND.COM  -  863 words
    • DINING
      • Drinks with a twist
        • Article, Illustration
          Lock icon Nektar
          747 8 / 9  -  31 Scotts Road (Annex Building) Z6836-9185 www.nektar.com.sg BT Weekend checks out two new watering holes that promise two altogether different experiences By Audrey Phoon aphoon@sph.com.sg THERE’S a new place in town that has begun to draw cocktail connoisseurs like bees to honey, and its name is a particularly fitting
          747 words
        • Article, Illustration
          Lock icon Balaclava
          545 8 / 9  -  2 Orchard Turn, ION Orchard, #05-02 Z6634-8377 www.imaginings.com.sg By Geoffrey Eu btnews@sph.com.sg THERE’S nothing like a jolt of post-apocalyptic chic to put you in the mood for the holiday season and Balaclava a familiar name in watering hole circles that has recently moved into new premises may be just
          545 words
      • Article
        Lock icon wine & dine with BTWeekend
        703 8 / 9 wine dine with BTWeekend Triple Three Level 5, Mandarin Orchard Singapore 333 Orchard Road Z6831-6288 Triple Three is back. Named for the address of the hotel 333 Orchard Road it features a new Japanese-inspired international buffet spread, helmed by Japanese executive chef Shigeru Akashi. Embark on a culinary adventure with
        703 words
      • Article, Illustration
        Lock icon Yuletide posh nosh
        515 10 / 11  -  There’s nothing quite as indulgent as a gourmet gift, so spoil your loved ones this Christmas with these handpicked treats from boutique purveyors. By Audrey Phoon purveyors.By Audrey Phoon aphoon@sph.com.sg Hearty brew Drink in the spirit of Christmas with Cova’s festively flavoured Christmas Tea, a blend of
        PHOTOS FOR SAVEURS DE FRANCE, QUAYSIDE QUALITY FOOD, FLOR PATISSERIE AND FOUR SEASONS GOURMET MARKET BY YEN MENG JIIN  -  515 words
    • STYLE & DESIGN
      • Article, Illustration
        Lock icon Mojo & logic
        1358 12 / 13  - Mojo logic High-fashion label Fendi keeps on its toes by maintaining an open and creative mind that’s receptive to influences and inputs. Sponsoring creative fairs such as Design Miami in Florida is seen as more important for a luxury brand than sticking to just a financial stance on investments. By
        PHOTOS: DANIELE VENTURELLI, FENDI  -  1,358 words
    • Article, Illustration
      Lock icon Business as usual
      1091 14  -  When the recession hit in 2008 and fashion houses scrambled to reposition themselves, Bottega Veneta, with its clean lines and meticulous craftsmanship, was already ahead of the game. By Audrey Phoon STYLE By Audrey Phoon aphoon@sph.com.sg IT WAS a rare luxury company that didn’t panic when the
      1,091 words
    • HEALTH
      • Article, Illustration
        Lock icon Bare your sole
        1011 15  -  Barefoot runner Michael Sandler advocates the practice, which is a fast-growing running phenomenon now. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg IT’S been a week after the Singapore Standard Chartered Marathon and if you took part in it, you could still be floating on a high from
        1,011 words
    • SPORT
      • Article, Illustration
        Lock icon Underdogs over the moon
        635 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor IF SOMEONE had told me a fortnight ago that the Philippines football team would qualify for the AFF Suzuki Cup semi-finals at the expense of Singapore, I would have sent him straight to the mental hospital in
        AFP  -  635 words
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        Lock icon London clubs ready for domination
        559 16  -  kick off with Steve McMahon Steve McMahon THIS weekend’s English Premier League fixture list promises action galore for fans as Tottenham Hotspur take on Chelsea looking for another London derby scalp after their 3-2 win over Arsenal last month. Manchester United, meanwhile, looks to reclaim
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    • GOLF
      • Article, Illustration
        Lock icon Nurturing tomorrow’s champs
        1283 17  -  Youth golf is attracting the attention of former pros as well as corporations. By Justine Moss By Justine Moss btnews@sph.com.sg GOLF opportunities for youngsters in most countries around the world have increased in recent years with the development of various youth golf foundations, elite programmes and initiatives,
        1,283 words
    • MOTORING
      • Article, Illustration
        Lock icon SMALL WONDERS
        495 18  -  Two European compact MPVs with turbocharged engines are taking aim at a market that has been dominated by the Japanese. Samuel Ee drives both Samuel Ee samuelee@sph.com.sg THE Volkswagen Touran is Germany’s bestselling MPV but one look and you can probablytellstyling didn’thave anythingtodowith that accomplishment. The latest model
        495 words
      • Article, Illustration
        Lock icon SIZING IT UP
        568 19 The Peugeot 5008 has an extremely versatile interior, with underfloor storage compartments and seats that flip and fold in almost any way imaginable samuelee@sph.com.sg IT’S a French multi-purpose vehicle with a 1.6-litre turbocharged engine and a versatile seven-seat interior. But no, it isn’t the Citroën Grand C4
        568 words
      • Article, Illustration
        Lock icon Step up to the Challenge
        581 20  -  The Ferrari Challenge has the same standard engine and power as the road car a 4,499cc V8 with 570hp at 9,000 rpm but with a modified transmission and lightweight body. By Samuel Ee By Samuel Ee samuelee@sph.com.sg WANT to go racing over the weekend but
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