The Business Times, 20 December 2010
This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.
2010-12-20
1
28
https://www.nlb.gov.sg
https://eresources.nlb.gov.sg/newspapers/browse/biztimes
The Business Times
-
Title Section23 2010-12-20 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, December 20,201023 words
-
868 2010-12-20 1 NISHA RAMCHANDANI - Launch of IRs, global recovery help fuel tourism demand in 2010 By NISHA RAMCHANDANI [SINGAPORE] After booking a stellar year in 2010, hoteliers are upbeat that the growth streak will continue next year, although the additional supply from new hotels coming onstream868 words
-
Article136 2010-12-20 1 MARKETS Weekly Change ST Index 3,153.01 -32.41 KL COMP 1,499.88 -7.40 NIKKEI 225 10,303.83 +91.88 HANG SENG 22,714.85 -448.06 SET INDEX 1,022.46 -13.39 JAKARTA COMP 3,581.56 -166.15 MANILA COMP 4,057.33 -78.42 SEOUL COMP 2,026.30 +40.16 SHENZHEN B 854.09 +21.51 MUMBAI IND 19,864.85 +355.96 DOW 11,491.91 +81.59 NASDAQ 2,642.97136 words
-
Article, Illustration853 2010-12-20 1 SIOW LI SEN - By SIOW LI SEN [SINGAPORE] Revenue at DBS’s institutional banking group (IBG), which provides financial services to corporates and institutions, has jumped 40 per cent to $3.2 billion in two short years. Yet when Jeanette Wong was made head ofARTHUR LEE - 853 words
-
Page 1 Advertisements
-
Advertisement198 2010-12-20 1 BizIT British Telecom sees potential in region PAGE 28 DINING OUT East-west approach PAGE 21 CHINA FOCUS The next decade and beyond PAGES 18 19 MALAYSIA INSIGHT Harnessing Sino-Malay cooperation PAGE 14 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg198 words
-
-
TOP STORIES
-
Article535 2010-12-20 2 S’pore hotels see growth extending into next year AFTER booking a stellar year in 2010, hoteliers are upbeat that growth will continue next year, although additional supply from new hotels is expected to temper the growth. The launch of the two integrated resorts as well as the recovery535 words
-
894 2010-12-20 2 ANDREW MARKS - But tax-cut bill may prod them to do some more buying before year’s end WALL STREET INSIGHT By ANDREW MARKS INVESTORS might be forgiven for their lack of enthusiasm, reflected in slight gains for US equities last week, despite bullish headlines894 words
-
Article, Illustration461 2010-12-20 2 JOYCE HOOI - By JOYCE HOOI [SINGAPORE] The keys to the Housing and Development Board’s (HDB) onemillionth flat were handed to its owners yesterday, at the completion ceremony of Treelodge@ Punggol. The development is the first eco-friendly precinct developed under the auspices of the HDB, which celebrated its 50thDESMOND LIM/THE STRAITS TIMES - 461 words
-
495 2010-12-20 2 Move comes hours before UN Security Council meets in a bid to ease tensions Reuters [YEONPYEONG] North Korea’s military has raised an alert for artillery units based along its west coast ahead of a planned live-fire drill by the South, Yonhap news agencyReuters - 495 words
-
891 2010-12-20 4 RONNIE LIM - Measures are being taken to further improve sector’s competitiveness By RONNIE LIM [SINGAPORE] Singapore’s oil and petrochemicals hub will shift to higher gear in 2011, especially with the roll-out of the Jurong Island “version 2.0” initiative by mid-year. The joint government/ industry891 words
-
Article, Illustration521 2010-12-20 4 AP Bloomberg [PARIS] Heavy snow and freezing temperatures shut down European runways and slowed road traffic yesterday, cancelling flights and leaving cars skidding down icy streets. Paris was blanketed by heavy snow, a previous rarity that has now occurred several times inAP; Bloomberg - 521 words
-
Article, Illustration601 2010-12-20 4 LYNN KAN - By LYNN KAN [SINGAPORE] Over 140 youths and children trooped home from Resorts World Sentosa on Saturday night, their ears ringing with thunderous applause. Nearly 3,800 spectators watched as they busted moves, created cacophonous rhythms with drums and scaled octaves with soaringPHOTOS BY JOHN HENG; ALPHONSUS CHERN/THE STRAITS TIMES - 601 words
-
Article12 2010-12-20 4 Booster Capital Guaranteed Fund SGD R1D 09/12/10 10,52 SGD12 words
-
-
Page 2 Advertisements
-
Advertisement173 2010-12-20 2 World's Finest Serviced Offices A cost effective Serviced Office solution Best address, best receptionist, best IT and support Flexible lease terms starting from one month For less than the cost of a secretary We help businesses succeed Call to arrange a personal tour today! W servcorp.com.sg Or Google "Servcorp" A173 words
-
-
Page 3 Advertisements
-
Advertisement364 2010-12-20 3 ninn w f mw m FREEHOLD m WM I P H m if rA til *18 MM mw m it: ill V tm !ii 3 41 •m ill Ay SSSiS Mm? Si ssSpl! ISs&Jl! >; fliiisfpis m Ml t 9 Ufi II M! 1 JsSSi aSlHI rtSfr '^■mWH5 A Vision364 words
-
-
Page 4 Advertisements
-
Advertisement101 2010-12-20 4 LUXURY TOURS TRAVEL PTE LTD The Leading Operator i'A Established 1985 "Fullfilling 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 Incentive101 words
-
Advertisement21 2010-12-20 4 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.21 words
-
-
COMPANY NEWS
-
1106 2010-12-20 5 EMILYN YAP - Shopping spree likely to continue into next year, say analysts By EMILYN EMILYN YAP REAL estate investment trusts (Reits) in Singapore have returned to the acquisition trail, snapping up around $7 billion worth of properties in Singapore and abroad so far this year.1,106 words
-
229 2010-12-20 5 Reuters [JAKARTA] US private equity firm Texas Pacific Capital (TPC) and Singapore sovereign wealth fund GIC invested 2.99 trillion rupiah (S$435 million) for a stake in an Indonesia coal contractor, two sources with knowledge of the deal said yesterday. TPG and GICReuters - 229 words
-
Article, Illustration90 2010-12-20 7 ABOUT 2,000 cyclists donned the OCBC Cycle Singapore Safe Cycling jerseys last weekend to promote the message of ‘1.5M Matters. Share the Road’ as they rode on the inaugural Safe Cycling Day organised by OCBC Cycle Singapore. Aimed at raising awareness for mutual respect of both90 words
-
Article173 2010-12-20 7 COMPANY MEETING PLACE DATE TIME UE E The Auditorium 12 Ang Mo Kio Street 64 UE BizHub CENTRAL, Singapore *****8 21-Dec 2.30pm KLW Hldgs E 19 Senoko Loop Singapore *****9 21-Dec 10.00am Vallianz Hldgs E 12 International Business Park CyberHub@IBP #03-02 Singapore *****0 22-Dec 10.00am Eastgate Tech A173 words
-
Article403 2010-12-20 7 Dec 17 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 of403 words
-
496 2010-12-20 7 SIOW LI SEN - HOCK LOCK SIEW By SIOW LI SEN DBS’s recent transaction to take over the Royal Bank of Scotland’s (RBS) retail and SME clients in China will in one swoop double its customer base. And the Singapore bank has done it without paying496 words
-
-
Page 5 Advertisements
-
Advertisement31 2010-12-20 5 Ties in silk twill Enamel and lacquer bracelet WINDOW SHOPPING FOR CHRISTMAS Liat Towers Tel. 6738 9807 Takashimaya Tel. 6735 5228 The Shoppes at Marina Bay Sands Tel. 6688 7111 Hermes.com31 words
-
-
SINGAPORE MARKETS
-
Article, Illustration655 2010-12-20 6 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent THERE were no surprises last week and it will probably be the same again this week at least for the early part of this holiday shortened week. The reason we say this is that there are no major US655 words
-
Article558 2010-12-20 6 CURRENCIES Bloomberg [BANGKOK] Asian currencies had a second weekly loss as the highest US Treasury yields in seven months and improving economic data out of the world’s largest economy dampened sentiment towards emerging-market assets last week. The difference in yields between 10-year bonds inBloomberg - 558 words
-
Article1467 2010-12-20 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 2.58 2.80 12 10.81 10.82 1.39 1.17 ARA Asset Mgt 2.25 2.25 4 8.23 17.87 1.69 1.47 Armstrong Ind Corp 1.00 1.00 3 5.00 8.501,467 words
-
Article66 2010-12-20 6 Dec 17 VALUE CLOSE BT OB/OS 119.00 +130.0 BT CADI -*****.00 +63.0 BT 10-day MA -*****.00 +12.00 FTSE ST Mid Cap 791.91 +2.42 FTSE ST Small Cap 591.37 +2.94 FTSE ST All Share 782.36 +1.65 FTSE ST China Top 296.74 +4.10 FTSE ST China 329.05 -0.13 FTSE66 words
-
Article55 2010-12-20 6 VOLUME Jade Tech 345,418,000 Genting SP 327,216,000 Golden Agri 286,099,000 Gallant 196,846,000 ChinaGaoxian 170,478,000 GMG Global 149,917,000 XinRen 140,648,000 STXOSV 111,795,000 SingTel 99,516,000 Amtek 97,074,000 VALUE($) Genting SP 699,395,520 DBS Grp 467,223,844 SingTel 309,087,925 UOB 261,564,566 Keppel Corp 255,427,706 CapitaLand 235,782,228 SGX 223,626,275 Golden Agri 222,613,065 SIA55 words
-
518 2010-12-20 6 COMMODITIES AFP [LONDON] Copper prices struck fresh record highs last week, helped by tight supplies of the industrial metal, while cocoa futures rallied on violent unrest in major producer Ivory Coast. Base metals: Copper prices extended its recent record-breaking run by reaching an all-timeAFP - 518 words
-
Article118 2010-12-20 6 BY CENTS CLOSE UP DBXT AUDMM 5SG$ ***** 699.0 2.9 DBXT Nifty 10US$ ***** 334.4 1.9 DBXT FTVietnam 10US$ 3727 245.3 5.3 DBXT iBoxxSvEu 5US$ ***** 128.5 0.4 Lyxor Europe 10 US$ 1275 98.4 6.3 DBXT MSKorea 10US$ 5686 93.1 1.3 OCC 3.93% NCPS10 9578 58.0 0.6 DBXT MSINDIA118 words
-
Article116 2010-12-20 6 BY CENTS CLOSE DOWN DBXTUSDIGInfl5US$ *****-1011.0 -3.2 GLD 10US$ ***** -175.7 -1.0 Jardine C&C 3554 -160.0 -4.3 JMH 4350 -131.2 -2.2 DBXT FTChina25 10US$ 3086 -102.3 -2.5 DBXT MSINDO 10us$ 1339 -85.3 -4.6 DBXT MSCHINA 10US$ 1234 -65.6 -3.9 SIA 200 1506 -64.0 -4.1 SIA 1508 -62.0 -3.9 SIA.ES.1012116 words
-
Article, Illustration1454 2010-12-20 8 TEH HOOI LING - TEH HOOI LING Senior Correspondent OUR portfolios held up well last week relative to the blue chips Straits Times Index (STI). On average, the six portfolios edged up 0.6 per cent, with the median being 0.5 per cent. The STI, on the other hand,1,454 words
-
1514 2010-12-20 8 ROBERT HALILI - INSIDE MARKETS By ROBERT ROBERT HALILI The wrtier is managing director at Asia Insider Ltd BUYING picked up while selling among directors fell last week, based on filings on the Singapore Exchange from Dec 13 to 17. A total of 181,514 words
-
-
Page 7 Advertisements
-
Advertisement21 2010-12-20 7 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email noticesd>sph.com.sg.21 words
-
Advertisement298 2010-12-20 7 Voted #1 Best Platform*. WEBTRADER LIVE WINNER BEST ONLINE TRADING PLATFORM priim DIGITAL MARKETS AWARDS 2010 WORLD FINANCE FOREIGN EXCHANGE AWARDS 2010 It's one thing to claim you're the best. It's quite another to be voted the best by three of the biggest names in the business. Most recently the298 words
-
-
Page 9 Advertisements
-
Advertisement45 2010-12-20 9 IS OUR BUSINESS \S. t-> > J» .*T, w t -JL y rata' J i ft. •v Singapore Hong Starting on 15 Energetic Flexible Reliable STAR ftIRL NE 5KYTkAX The World's 4-Star Airline A HONGKONG AIRLINES L M www.hkairlines.com f HKAirlinesLtd T +65 6535-2922 65 6535-905645 words
-
-
SINGAPORE NEWS
-
Article, Illustration694 2010-12-20 10 EMILYN YAP - 2 fengshui masters set up shop at Marina Bay Sands By EMILYN YAP WHERE there is demand, supply will come. And so it was only a matter of time before geomancers set up shop next to the newly opened casinos, where punters’ hungerYEN MENG JIIN - 694 words
-
665 2010-12-20 10 LYNN KAN - Hiring renaissance is now underway, says recruitment firm By LYNN KAN WHERE hires in the banking and financial space have slowed to a trickle during the last two years, a hiring renaissance is now solidly underway, observes Martin Cerullo, director for resourcing communications at Alexander665 words
-
558 2010-12-20 10 RONNIE LIM - Demand growth for diesel and jet fuel from China, India set to continue: analysts By RONNIE LIM SINGAPORE’s oil refiners seem to have turned a corner in the last few months, thanks to a demand pick-up for oil products like diesel and jet558 words
-
Article, Illustration68 2010-12-20 10 MORE than a hundred children from East Coast Primary, Hong Kah Primary and Punggol Primary School were treated to a Christmas shopping trip at John Little department store at Marina Square yesterday. The children came from needy families and single-parent homes. The shopping event, which68 words
-
Article403 2010-12-20 10 Payment Ex Books Pay Ann (cts) date close date date 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 China Gaoxian aw 0.500 07-Jan 11-Jan 24-Jan 16-Dec Ezra Hldgs ak 1.500 30-Dec 03-Jan 17-Jan 02-Dec F&N ak 12.000 01-Feb 07-Feb403 words
-
-
Page 10 Miscellaneous
-
Miscellaneous35 2010-12-20 10 tmj JACKPOT V |5.U^ < TODAY Do not bet illegally. '*1 rf* RCB Reg No: *****0202G Sales close at 6pm Draw at 6.30pm at PoMo For details, visit www.singaporepools.com.sg Towards Community Purpose and Benefit SINGAPORE m35 words
-
-
Page 11 Advertisements
-
Advertisement220 2010-12-20 11 Celebrate with us as we crown the beginning of luxurious living. m m m: V IK a ■C V 35 Vf-~. m mm <k THE RITZ-CARLTON RESIDENCES® SINGAPORE, CAIRNHILL First in Asia Freehold Ritz-Carlton Residences for Sale The Art of Living Be Pampered by the Legendary Ritz-Carlton Services An Exclusive220 words
-
-
BT-CITIBANK YOUNG INVESTORS' FORUM
-
Article, Illustration1002 2010-12-20 12 DENISE WRIGHT - A recent forum identified several issues facing women leaders in the workplace today. DENISE WRIGHT reports DENISE WRIGHT The writer is CEO and executive coach of Xtend Coaching International, who spoke at the SIM Professional Development’s Women Leadership Forum last month THERE was high agreement across1,002 words
-
Article, Illustration743 2010-12-20 12 ARJUN BHOWMIK - SMU’s MBA curriculum helped me to develop a realistic view of the market, says ARJUN BHOWMIK CAMPUS LIFE ARJUN BHOWMIK Arjun Bhowmik and Joseph Pham are from India and Vietnam respectively and completed their one-year full-time MBA at the Singapore Management University this month MAKE743 words
-
-
Page 12 Advertisements
-
Advertisement271 2010-12-20 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 have271 words
-
-
ECONOMY WATCH
-
528 2010-12-20 13 Proceeds from the levy will be used to meet any forex liquidity shortage Reuters [SEOUL] South Korea said yesterday it would impose a levy on banks’ foreign debt from late 2011, the latest capital controls it adopted to mitigate theReuters - 528 words
-
Article, Illustration451 2010-12-20 13 Reuters [WASHINGTON] Top US and European Union (EU) officials have agreed to work together to create jobs by promoting innovation and preventing new trade barriers in areas like smart grid technology and electric cars. The United States and the 27Reuters; AFP - 451 words
-
624 2010-12-20 13 Qatar’s building for soccer World Cup to boost loan book Bloomberg [DUBAI] Islamic loans in the Middle East will rebound in 2011 from a five-year low, said HSBC Holdings, as accelerating economic growth and Qatar’s building for the soccerBloomberg - 624 words
-
502 2010-12-20 13 Euro declined for a 2nd straight week against the US$ Reuters [LONDON] Gold prices traded higher moving back to the top of the session range, as some investors returned to the yellow metal as a safe-haven play when the euro fell inReuters - 502 words
-
-
Page 13 Advertisements
-
Advertisement1550 2010-12-20 13 MATS BUY IT-SELL IT-FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF HC INTERNATIONAL PTE LTD (Incorporated in Singapore) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 20 Tagore Lane Singapore1,550 words
-
-
MALAYSIA/INDONESIA
-
Article, Illustration618 2010-12-20 14 S JAYASANKARAN - Mergers involving govt-linked firms and Chinese controlled groups exploit strengths of both MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent THERE is a new and encouraging form of Sino-Malay cooperation emerging in Corporate Malaysia. When Prime Minister Najib Razak assumed power in April last year, he unveiled his vision618 words
-
738 2010-12-20 14 Reuters [JAKARTA] Indonesia’s selection of less aggressive candidates to head an-ti-graft institutions and failure to make progress on big corruption cases show its drive to reduce graft has faltered but that is doing little to deter foreign investors. President SusiloReuters - 738 words
-
Article, Illustration290 2010-12-20 14 Potential for renewable sources limited: minister AFP [KUALA LUMPUR] Malaysia is looking to build two 1,000 megawatt nuclear power plants by 2022 to counter an “imbalance” in its energy supplies, the energy minister said yesterday. Peter Chin’s comments to state media followAFP - 290 words
-
Article1970 2010-12-20 14 VOL Dec 17 RM +/-(‘000) A M Realty 0.51 -0.02 394 Abric Bhd 0.42 -0.01 129 Advance Synerg 0.20 0.01 1124 Adventa Bhd 1.98 -0.02 67 Ae Multi Hldgs 0.30 unch 39 Affin Holdings 3.21 -0.04 259 Ahmad Zaki Res 1.07 0.01 118 Aic Corp 1.02 -0.07 501,970 words
-
-
Page 14 Advertisements
-
Advertisement15 2010-12-20 14 www.omy.sg OJ m 0 Zi blog.omy.sg/fs I i ;w4 \r S* c J- oo eat.omy.sg15 words
-
Advertisement21 2010-12-20 14 IT'S HERE! ..ill 3G 2:40 PM V JJ LDRDinE... i GET THE FREE 9I.3FM APP NOW! Available on the App Store21 words
-
-
GREATER CHINA/INDIA
-
686 2010-12-20 15 But investor demand is tepid amid poor returns and yuan’s appreciation Reuters [SHANGHAI] China’s asset managers are using speedy regulatory approvals to launch overseas investment funds despite flagging demand and lacklustre returns for such products, likely leading to a shakeout inReuters - 686 words
-
325 2010-12-20 15 AFP [TAIPEI] Taiwan is expected to allow one-third more mainland Chinese tourists to visit the island next year, local media reported yesterday, ahead of a fresh round of talks between the two sides. Currently up to 3,000 Chinese tourists are allowedAFP - 325 words
-
Article, Illustration563 2010-12-20 15 AFP [ISLAMABAD] Chinese Premier Wen Jiabao yesterday vowed to boost strategic cooperation with Pakistan as he wrapped up a three-day visit to Islamabad that concluded deals worth around US$35 billion. “It is our collective objective to strengthen strategic ties betweenAFP; XINHUA - 563 words
-
451 2010-12-20 15 Opening of stock mkt to overseas firms will also soak up excess liquidity Xinhua [SHANGHAI] As China approaches the opening of its stock market to overseas firms, experts believe the move will boost the development of the nation’s capital market and help soakXinhua - 451 words
-
Article, Illustration357 2010-12-20 15 AFP [NEW DELHI] India’s ruling Congress party yesterday vowed to fight corruption by fast-tracking court cases, as the government tried to overcome criticism after a string of financial scandals. Party president Sonia Gandhi, the key powerbroker of Indian politics, told the annual CongressAFP; AP - 357 words
-
386 2010-12-20 15 Reuters [BEIJING] China wants to give the market more sway over its interest rates in the next five years, the central bank chief Zhou Xiaochuan said, a crucial step towards the deregulation of the Chinese financial system. The governmentReuters - 386 words
-
-
WORLD
-
462 2010-12-20 16 Findings open new ways of treating such illnesses as Alzheimer’s: study AFP [PARIS] Scientists yesterday said they had discovered a bouquet of proteins that play a critical role in the development of more than 130 brain diseases. Their study also highlights aAFP - 462 words
-
358 2010-12-20 16 It says the Canadian firm’s board backs the C$492m deal Bloomberg [LONDON] ArcelorMittal, the largest producer of steel, raised its cash offer for Baffinland Iron Mines Corp to C$1.25 a share and said the target company’s board supports the increased price. The offer forBloomberg - 358 words
-
333 2010-12-20 16 Conference Board’s leading index rises 1.1% in Nov Reuters [WASHINGTON] The US economy is gathering steam as the year draws to a close, boosting optimism about prospects in 2011, according to measures published by two separate economic research firms. The Conference Board’s measureReuters - 333 words
-
Article, Illustration645 2010-12-20 16 AFP [ELLINGHAM, UK] WikiLeaks founder Julian Assange said the site will stay strong despite another blow to its funding and the publication yesterday of new details of the sex crime allegations against him. The Australian began his third full day under “mansion arrest”AFP - 645 words
-
Article, Illustration632 2010-12-20 16 AFP [NEW YORK] Two years after the implosion of the largest Ponzi scheme in US history, the trustee in charge of Bernard Madoff’s estate is looking to claw back US$50 billion for defrauded investors. Court-appointed trustee Irving Picard won his greatest victory yetAFP - 632 words
-
348 2010-12-20 16 AFP [MANILA] Geographical-ly-challenged Philippine maps and a rare parrot with the wrong-coloured beak have perturbed the country after the central bank rolled out error-filled editions of its peso bills. The new-generation banknotes, rolled out earlier this month and containing the signatureAFP - 348 words
-
Article, Illustration809 2010-12-20 17 Close eye on Spain, Portugal as billions in debt repayments are due next year EUROZONE DEBT WOES Reuters [LONDON] Investors’ concern about the creditworthiness of highly indebted eurozone countries will make it hard for some states to finance hefty debt repayments in the firstReuters; AP - 809 words
-
Article, Illustration623 2010-12-20 17 Reuters [WASHINGTON] The head of the International Monetary Fund, Dominique Strauss-Kahn, says he is worried EU leaders’ piecemeal approach to Europe’s debt crisis was encouraging markets to pick off weak countries one by one. Mr Strauss-Kahn appeared to endorse the ideaReuters; REUTERS - 623 words
-
383 2010-12-20 17 It commends fiscal reforms, okays 2.5b euro payment Bloomberg [WASHINGTON] The International Monetary Fund said Greece’s rescue programme has “continued to perform well” and it approved payment of another 2.5 billion euros (S$4.4 billion). The Greek authorities are “to be commended” for theirBloomberg - 383 words
-
435 2010-12-20 17 5 Western states write to EC that budget increase must not exceed inflation Reuters [PARIS] Five countries have called on the EU to freeze its budget until 2020 highlighting a new source of policy divisions that could spark a funding battle betweenReuters - 435 words
-
Article455 2010-12-20 17 Arizona, Nevada accuse bank of mortgage fraud AFP [LOS ANGELES] The US states of Arizona and Nevada have filed lawsuits against Bank of America accusing it of defrauding cash-strapped homeowners amid the global economic downturn. The legal action was triggered after hundreds of complaintsAFP - 455 words
-
-
Page 16 Advertisements
-
Advertisement10 2010-12-20 16 tk Lianhe Zaobao Rise of shipbuilding S-chips may slow mm&vmm10 words
-
-
FOCUS: CHINA – THE NEXT DECADE AND BEYOND
-
Article, Illustration1285 2010-12-20 18 ELIZABETH C ECONOMY - By launching a ‘go out’ strategy, China is transforming the world as it transforms itself. In this series of reports, ELIZABETH C ECONOMY looks at the country’s plans to expand the middle class, step up its outward drive for more natural resources, and match itsXINHUA - 1,285 words
-
Article, Illustration1118 2010-12-20 18 EVEN as China moves ahead with its bold plans to transform its economy and society, new pressures and challenges will emerge. The resource demands of rapid urbanisation are substantial. Half of the world’s new building construction occurs in China, and according to one estimate, theAFP - 1,118 words
-
Article, Illustration1306 2010-12-20 19 In its quest for economic expansion, the Chinese government is ensuring it has a dominant voice on the global platform CHINA’S urbanisation push will only intensify the country's outward drive for more natural resources. More cities, more roads, and more infrastructureAFP - 1,306 words
-
Article, Illustration1098 2010-12-20 19 Elizabeth C Economy is CV Starr senior fellow and director for Asia studies at the Council on Foreign Relations. These chapters are drawn from a longer article from the November/December 2010 edition of ‘Foreign Affairs’, a publication of the US Council on Foreign Relations THEREUTERS - 1,098 words
-
-
AVIATION/SHIPPING
-
Article, Illustration468 2010-12-20 20 They’re rescued after their boat capsized during a scuffle with Korean coast guard AP [SEOUL] South Korean officials questioned three Chinese fishermen rescued from a boat that capsized during a maritime scuffle with the coast guard in which one fisherman died andAP - 468 words
-
Article, Illustration455 2010-12-20 20 AP [QATAR] Qatar Airways CEO voiced confidence in Boeing Co over its delayed 787 programme on Saturday, but warned that the fast-growing carrier may scrap orders for the planes if development problems drag on. Chief executive Akbar Al-Baker noted, however, that there are noAP - 455 words
-
394 2010-12-20 20 AFP [DHAKA] Rescuers searched for survivors yesterday after an overcrowded boat carrying around 150 people capsized on a river in north-eastern Bangladesh leaving at least 37 dead, all of them women and children. Local police chief Jane Alam said most passengers wereAFP - 394 words
-
497 2010-12-20 20 Bloomberg [PARIS] Airbus SAS and Boeing Co are pressing governments to exempt hundreds of future plane deliveries from a draft deal to cut export subsidies, two people with knowledge of the matter said. Boeing wants customers for the delayed 787 Dreamliner toBloomberg - 497 words
-
Article278 2010-12-20 20 SGX '000 Dec 17 S$ +/-Vol CH Offshore 0.48 unch 125 Chuan Hup Hldg 0.23 -0.01 121 Cosco Corp 2.11 0.03 5148 CWT Ltd 0.99 0.01 1309 Ezra Hldgs 1.72 0.01 2300 First Ship Lea 0.45 0.01 203 Freight Links 0.08 unch 3811 Grand Banks unch unch 0278 words
-
Article3240 2010-12-20 20 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ456 1245 EY473 1940 VA7473 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 Athens3,240 words
-
-
Page 20 Miscellaneous
-
Miscellaneous297 2010-12-20 20 CRYPTIC CROSSWORD Across 1 What to eat in historic town (Earl’s)? (10) 6 Mark’s causing alarm no end (4) 10 Lecturer leaving Essex town plant (5) 11 Group of musicians producing money belt (5,4) 12 What adverse decision may result in? (3-4) 13 Barge’s means of ignition (7) 14 Praise297 words
-
-
DINING OUT
-
Article, Illustration634 2010-12-20 21 Audrey Phoon - NEW RESTAURANT Caffe B #B1 -15 and #01-83 The Shoppes at Marina Bay Sands 2 Bayfront Avenue Tel: 6887-3311 http://caffeb.com.sg By Audrey Phoon YOU’D have thought that Singapore would have all bases covered in terms of cuisine from Japan and Italy, what with the proliferation of Japanese, Italian634 words
-
Article, Illustration729 2010-12-20 21 Geoffrey Eu - NEW RESTAURANT Sarong 9 Raffles Boulevard #01-03 Millenia Walk Tel: 6837-2728 By Geoffrey Eu SARONG is a simple yet elegant and evocative word in these parts, with a tendency to roll off the tongue easily while transcending both language and society and conjuring up729 words
-
-
Page 21 Advertisements
-
Advertisement178 2010-12-20 21 WINE DINE AND HOSPITALITY Signature dishes of the new Decade. Selected by you, Enjoyed by all. £3 Gt=> m For reservations information, please call 6739 6666 or email f&breservation@orchardhotel.com.sg HUATING Restaurant Level 2 ORCHARD HOTEL managed by MILLENNIUM COPTHORNE INTERNATIONAL You are the Centre of Our World Reach SeriousGouriviets In178 words
-
-
SINGAPORE STOCKS
-
Article9377 2010-12-20 22 Week ended: Dec 17 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 1452 18.5 17.5 18 18.5 1.7 9.8 5.9 88.6 12 4.5 5834 A-Sonic9,377 words
-
Article2009 2010-12-20 23 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 $mil 7 4 1181 t AA Grp 5 4 5 27.8 4.8 225 130 6222 t APStrategic 160 -4 21 165 157 1552,009 words
-
Article114 2010-12-20 23 Stock name Close Change CapMallsAsia 1.840 -0.010 CapitaLand 3.620 -0.040 CapitaMall 1.880 -0.040 CityDev 12.920 -0.260 ComfortDelGro 1.570 +0.020 DBS Grp 14.400 +0.280 F&N 6.130 +0.030 Genting SP 2.110 +0.020 Golden Agri 0.770 +0.005 HK Land 6.850 -0.200 Stock name Close Change JMH 43.500 +0.320 JSH114 words
-
Article2644 2010-12-20 23 Transaction date: Dec 17 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.50 unch 0 Aeon Stores 16.38 unch 0 Angang Steel 11.58 -0.02 6845 Anhui Conch 35.35 -0.50 7842 Anhuiexpresswa 6.78 -0.20 1882 Asia Satellite 12.90 -0.10 7 Asm Pacific 86.05 3.10 736 Bank Of E Asia 32.602,644 words
-
Article186 2010-12-20 23 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 7 2 0 0 0 9 7 2 Manufacturing 105 56 70 10 6 24 115 62 94 Commerce 26 24 29 5 6 5 31 30 34 Tpt/Stor/Comms 17 18 10186 words
-
Article927 2010-12-20 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 $mil 124 107 6389 ABF SG Bond ETF 110 -1 27 110 108 109.5 110 502.1 1056 761 CIMBAsean40 100US$ US993 -22 64 1012 987927 words
-
Article77 2010-12-20 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 $mil 56 38 6000 AVJennings A50.5 +4 19 51.5 49 49 52 3.6 6.9 4 131.5 55 16 6017 Genting HK US$ US43 -2 ***** 45.577 words
-
Article123 2010-12-20 23 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 290,443 290,443 467,134 467,134 Manufacturing 1,881,741 454,346 2,336,087 1,297,690 11,306 1,308,996 Commerce 330,380 92,474 422,854 551,517 6,708 558,225 Tpt/Stor/Comms 543,122 3,858 546,980 1,033,954 900 1,034,854 Finance 145,453 26 145,479 1,166,955 4 1,166,959 Construction 91,644 52,539123 words
-
-
Page 23 Advertisements
-
Advertisement26 2010-12-20 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 TIMES26 words
-
-
FINANCE & COMMODITIES
-
374 2010-12-20 24 In local curr In S$ In US$ dy yr dy yr dy yr Dec 17 Index Change Change Change Change Change Change World Index Preliminary 892.3 -0.1 7.2 -0.4 0.9 -0.2 7.6 EAFE Preliminary 802.9 -0.3 2.3 -0.6 -3.8 -0.5 2.6 Europe Preliminary 1171.6 -0.4374 words
-
Article180 2010-12-20 24 Dec 17 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.35 0.25 1 month 0.42 0.32 2 months 0.43 0.33 3 months 0.46 0.36 6 months 0.56 0.46 9 months 0.80 0.60 12180 words
-
Article22 2010-12-20 24 Dec 17 S$ Bid Offer 1-month 1.3115 1.3118 2-months 1.3115 1.3118 3-months 1.3115 1.3118 6-months 1.3115 1.3118 Source: OCBC22 words
-
Article157 2010-12-20 24 Dec 17 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jan 11 477.0 470.0 477.0 20 445 Feb 11 472.0 471.0 474.0 8 536 Mar 11 475.0 492 Apr 11 476.0 424 May 11 476.0 160 Jun 11 476.0157 words
-
Article88 2010-12-20 24 Dec 17 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 17.03.2011 0.36 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 103.65 103.68 103.67 5-Year N*****0S 2.875 01.07.2015 106.71 106.83 106.8388 words
-
Article107 2010-12-20 24 Dec 17 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 11 1298.75 1289.00 1300.00 1283.50 Mar 11 1310.50 1300.50 1311.50 1295.00 May 11 1318.50 1307.00 1319.00 1302.25 Jul 11 1321.75 1309.25 1322.25 1305.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 11 54.13107 words
-
Article77 2010-12-20 24 CRUDE OIL PRODUCTS Dec 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 91.92 -0.21 WTI (Near Mth) 87.84 -0.61 Dubai (1-Mth F) 88.83 0.78 Tapis blend 95.10 1.20 Minas 91.45 1.05 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 92.89 1.61 Jet Kerosene 103.20 1.20 US$/barrel Opec Oil77 words
-
2549 2010-12-20 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 2 0.5 7071 1 3 -9 2.75 0 AFP Properties EW*****8 31.5 unch 1379 1 10 -5 1.38 59 6221 Asia-Pacific Strat W*****6 30.5 -52,549 words
-
Article121 2010-12-20 24 Dec 17 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.345 1.269 Can dollar 1.332 1.281 Euro 1.774 1.706 Sterling pound 2.092 2.012 NZ dollar 1.001 0.954 US dollar 1.335 1.284 Local dollars to 100 units of foreign121 words
-
Article27 2010-12-20 24 Dec 17 Open High Sett STI Dec 3147 SIMSCI Dec 369.6 374.2 371.7 Taiwan Dec 312.5 315.6 314.0 Source: MF Global (S) Pte. Ltd27 words
-
Article74 2010-12-20 24 Dec 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 11 3662 3570 3665 3560 527 6271 Feb 11 3645 3547 3653 3522 3559 ***** Mar 11 3602 3503 3607 3471 9206 ***** Apr 11 3565 345174 words
-
Article408 2010-12-20 24 Dec 17 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.5700 0 2671 Jun11 99.4350 0 1509 Sep11 99.2850 0 615 Dec11 99.1050 0 663 EUROYEN TIBOR FUTURES Mar11 99.6450 262 1894 Jun11 99.6400 0 1364 Sep11 99.6250 0 1033 Dec11 99.6150 99.6150 99.6150 99.6150 0408 words
-
Article464 2010-12-20 24 Dec 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.996 6.603 0.744 7.703 44.781 89.467 0.831 11.418 3.105 1.337 84.985 43.795 1.299 6.740 0.950 29.560 29.834 0.634 0.991 Canada 1.004 6.631464 words
-
Article85 2010-12-20 24 Dec 17 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
-
Article139 2010-12-20 24 Dec 17 GOLD (US$/oz) Dec 17 Dec 16 Hong Kong 1376.10 1385.00 Dec 16 Dec 17 London 1366.10 1365.54 1367.10 1366.31 Source: Thomson Reuters CAST BAR Dec 17 (S$) Selling Buying Kilobar 62,431.29 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 140 58 5gm 397 291 10gm 709139 words
-
Article71 2010-12-20 24 Dec 17 Dec 17 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2321.50 2303.25 3 months 2335.00 2318.00 Copper, Grade A (US$/tonne) Cash 9111.00 9030.50 3 months 9070.00 8991.00 Lead (US$/tonne) Cash 2426.00 2366.50 3 months 2420.00 2365.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
-
Article154 2010-12-20 24 Dec 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2984 1.3000 0.9900 0.9910 Canadian dollar 1.3041 1.3051 0.9943 0.9949 Euro 1.7457 1.7464 1.3311 1.3313 NZ dollar 0.9710 0.9719 0.7404 0.7409 Sterling pound 2.0493 2.0501 1.5626 1.5628154 words
-
Article82 2010-12-20 24 Dec 17 COCOA (£/tonne) Close Prev High/Low Mar 11 1983 2006 2012/1963 May 11 1996 2014 2020/1975 Jul 11 2007 2029 2034/1989 Sep 11 2014 2034 2018/1996 COFFEE (US$/tonne) Close Prev High/Low Jan 11 1973 1936 1999/1925 Mar 11 1986 1947 2013/1939 May 11 1995 1960 2019/1950 Jul 1182 words
-
5799 2010-12-20 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 Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination DING XIANG HAI Camden/New Orleans/Tampico *Loads5,799 words
-
-
Page 25 Advertisements
-
Advertisement6 2010-12-20 25 Shipping lines seeking reliable logistics partners6 words
-
-
Page 26 Advertisements
-
Advertisement29 2010-12-20 26 r FREIGHT FORWARDER urgently needed by shippers 1 Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 132729 words
-
-
Page 27 Advertisements
-
Advertisement1220 2010-12-20 27 WBL CORPORATION LIMITED (Incorporated in Singapore) Registration No. *****0028Z NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 96th Annual General Meeting of the stockholders of WBL Corporation Limited will be held at 65 Chulia Street #50-00, OCBC Centre, Singapore *****3 on Thursday, 27 January 2011 at 11:301,220 words
-
-
BizIT
-
Article, Illustration720 2010-12-20 27 RAJU CHELLAM - Gartner says hardware spend here will surpass that of North America in 2012, reports RAJU CHELLAM RAJU CHELLAM IF YOU have any doubts about the recovery continuing its run in 2011, banish the thought. That’s because most businesses across the Asia-Pacific includingSTOCK.XCHNG - 720 words
-
Article, Illustration583 2010-12-20 27 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY A GLOBAL study looking at how social media impact TV viewing habits shows wide differences among countries in the Asia-Pacif-ic. The study which looked at Singapore, Australia, China, Japan and South Korea showed that 43 per cent of viewers inAFP - 583 words
-
319 2010-12-20 27 AP [HELSINKI] Nokia Corp is suing Apple Inc in Britain, Germany and the Netherlands for allegedly infringing its patents with technology used in the iPhone, iPad and iPod Touch. The complaints, filed in October through December, follow earlier lawsuits by Nokia claiming thatAP - 319 words
-
Article, Illustration675 2010-12-20 28 AMIT ROY CHOUDHURY - Telco to hire 130 people in Singapore, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY ONE of the world’s largest telecommunications companies, British Telecom (BT), is planning to hire 300 people in the Asia-Pacific, of whom 130 will be in Singapore. The hires are for675 words
-
Article, Illustration732 2010-12-20 28 AFP [SAN FRANCISCO] Yearning for an Internet-linked gadget bigger than a smartphone, but smaller than a laptop, merged with al-ways-connected lifestyles, to make tablet computing a defining trend for 2010. The iPad launched in April by Apple became the must-have device of theAFP - 732 words
-
791 2010-12-20 28 ANG CHYE HIN - Attack on Mac OS and iOS likely as more people use the devices in corporate settings <you say> By ANG CHYE HIN The author is director of Sales, SonicWALL Asean THE coming year will see the continued evolution of several major computing791 words
-
377 2010-12-20 28 Bloomberg [PARIS] France Telecom SA will enable its customers to pay for their rides on the Paris metro or for retail purchases with their mobile phones as it seeks to win ground in services from Apple Inc and Google Inc. France’sBloomberg - 377 words
-
