The Business Times, 3 January 2011

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Total Pages: 24
1 24 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Monday, January 3,2011
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  • 548 1  -  Telco to start video-game rental service using fibre-optic network By WINSTON CHAI [SINGAPORE] Besides watching Web-based TV, Singapore Telecommunications (SingTel) plans to have consumers playing the latest Xbox and PlayStation titles too right out of its latest set-top box. This
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  • 1087 1  - Gold more than a twinkle in the eye Its status as a flight-to-safety asset holds firm this new year, analysts say By FELDA CHAY By [SINGAPORE] Analysts believe that gold will shine even brighter this year, as the flight to safe-haven assets continues amid the weakening US dollar and euro,
    BLOOMBERG  -  1,087 words
  • 156 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 3,190.04 +46.24 KL COMP 1,518.91 +7.33 NIKKEI 225 10,228.92 •50.27 HANG SENG 23,035.45 +201.65 SET INDEX 1,032.76 +10.77 JAKARTA COMP 3,703.51 +91.98
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  • Page 1 Advertisements
    • 143 1 WALL STREET Jobs report, Bernanke testimony in spotlight PAGE 2 DINING OUT Pleasant Akari, relaxed Etna COMPANIES Analysts to stay with stock picking strategy PAGE BizIT New technology in demand PAGE 24 PAGE 18 the LEADER'S WATCH No other watch is engineered quite like a Rolex. The Day-Date II, launched
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  • TOP STORIES
    • 1135 2  -  Traders expect quick start to year but key economic data could inject dose of reality WALL STREET INSIGHT By ANDREW MARKS in New York US stocks will open the year’s trading today riding high less than two-tenths of a per cent below the highest
      BLOOMBERG  -  1,135 words
    • 620 2 SingTel steps up its game to make consumers see ‘light’ CONSUMERS will soon be able to play the latest Xbox and Playstation titles right out of Singapore Telecommunications’ latest set-top box. Singapore's largest operator plans to introduce this new video game rental service this quarter, in a bid
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    • 738 2  -  Strong economy, tourism rebound help fuel demand in 2010 By NISHA RAMCHANDANI [SINGAPORE] Singapore’s retail industry should continue to see growth in 2011, though this is likely to moderate in line with the economy. For retailers in the Orchard Road area, Christmas sales
      YEN MENG JIIN  -  738 words
    • 79 2 IN our report, “RWS’s soaring year ends on a sour note” on Jan 1, we quoted Resorts World Sentosa (RWS) spokeswoman Kris Boo as saying that the company has since implemented additional procedures to ensure its contractors comply with surveillance plans approved by the Casino Regulatory Authority (CRA) at
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    • 804 4  -  Swift recovery from 2009 catches some players in a container crunch By JOYCE HOOI [SINGAPORE] Last year, the shipping industry sucked in its gut and braced itself for a blow that never came. In late 2009, the bell was tolling for the
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    • 186 4  -  By ARTHUR LEE [SINGAPORE] One sphere read: “I wish for good health for all children.” Another read: “I hope to pass PSLE and get an I-Phone.” A third read: “I need Help!! To save more Stop Spending!” Last week, there were an estimated 500,000 wishes from
      ARTHUR LEE  -  186 words
  • Page 2 Advertisements
    • 278 2 NOTICES PEOPLE'S FOOD HOLDINGS I r] LIMITED (Incorporated in Bermuda) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of Shareholders of People's Food Holdings Limited (the "Company") will be held at Room 903-904, 9th Floor, Wing On Plaza, 62 Mody Road, Tsimshatsui, Kowloon, Hong
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  • Page 3 Advertisements
    • 275 3 est Bank Singapore oreign Bank ingapore Best Foreign ommercial Bank Singapore k L /1 II !> mm S y Achieving excellence One goal. Powered by Citi. Citi and you. Working in partnership towards greater success. Your trust and support have always inspired us to raise the bar in everything we
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  • Page 4 Advertisements
    • 3303 4 MATS BUY IT• SELL IT• FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BRC Asia Limited (Incorporated in the Republic of Singapore) (Company Registration No. *****0054G) NOTICE OF ANNUAL GENERAL MEETING (Resolution 1) (Resolution 2) (Resolution 3) (Resolution 4) (Resolution 5) (Resolution 6) (Resolution 7) NOTICE IS HEREBY GIVEN that
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  • Page 5 Advertisements
    • 1092 5 Advertising Feature The Learning Lab Branding and Profiling Series r > i nr. \.n Star Schoolboy's Secrets of Success THE grueling PSLE is arguably one of Singapore's most important competitions. This year's highly anticipated results are in, and the PSLE board has crowned Alex Tan the top scorer. The modest
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  • SINGAPORE MARKETS
    • 651 6  -  STOCKS R SIVANITHY Senior Correspondent CONSIDER this excerpt from Morgan Stanley’s US equity outlook. It says: “We expect the S&P 500 to peak early in the year and to trough sometime in Q2 or Q3 before staging a comeback before yearend. “If growth sustainability is established,
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    • 346 6 CURRENCIES AFP [SINGAPORE] The US dollar slumped against the euro and yen in Asian trade on Friday as traders sold off the safe haven currency to snap up stronger units on the last day of 2010, analysts said. Japanese markets were closed
      AFP  -  346 words
    • 1622 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 Ltd 2.58 2.42 12 10.81 11.01 1.39 1.18 ARA Asset Mgt Ltd 2.25 2.25 4 8.23 18.60 1.69 1.55 Armstrong Ind Corp Ltd 1.00 1.00
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    • 4 6 WEEKLY
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    • 775 6 COMMODITIES AP [ST LOUIS] From gold to grains to oil, commodities finished 2010 at or close to their highest levels in years. Gold closed on Friday at US$1,421.40 an ounce, up roughly 31 per cent for the year after an almost uninterrupted climb
      AP  -  775 words
    • 66 6 Dec 31 VALUE CLOSE BT OB/OS 476.00 -25.00 BT CADI -*****.00 +38.00 BT 10-day MA -*****.00 +47.00 FTSE ST Mid Cap 806.32 -2.24 FTSE ST Small Cap 604.21 +2.65 FTSE ST All Share 792.83 -4.47 FTSE ST China Top 296.89 -0.48 FTSE ST China 327.08 +0.54 FTSE
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    • 60 6 VOLUME Hotung Inv 271,814,000 Genting SP 227,308,000 Golden Agri 191,632,000 Gallant 173,637,000 Tuan Sing 134,627,000 ChinaGaoxian 90,394,000 *Genting HK US$ 87,033,000 Ying Li 76,364,000 GMG Global 76,262,000 Transcu Grp 70,365,000 VALUE($) Genting SP 493,548,540 Wilmar 238,047,770 Golden Agri 151,653,030 UOB 150,303,380 CapitaLand 148,673,035 Keppel Corp 148,516,960 Noble
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    • 117 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 420.1 2.4 DBXT MSKorea 10US$ 5958 320.6 4.3 GLD 10US$ ***** 258.5 1.5 JSH 2768 139.6 4.1 Jardine C&C 3660 126.0 3.6 DBXT MSJAP 10US$ 4023 106.0 2.1 DBXT MSTaiwan 10US$ 2006 93.1 3.7 DBXT E50 10US$ 4077 86.6 1.7 DBXT
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    • 121 6 BY CENTS CLOSE DOWN DBXT iBoxxUSTr 5US$ *****-492.5 -2.0 JMH 4400-103.4 -1.8 Pru 500US$ 1024 -33.6 -2.5 DBXT S&P500 10US$ 1972 -15.5 -0.6 SGX RB ePW*****8 31.5 -11.0 -25.9 SIMSCI370MBePW*****1 13.5 -11.0 -44.9 Venture Corp 926 -11.0 -1.2 Lyxor LatinAmerica 1 912 -10.3 -0.9 DBXT CSI300 10US$ 1054 -9.1
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    • 5 6 WEEKLY
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    • 161 10 DEC 31 ‘10 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Sky 0.250 11.1 4,250 Sino Techfibre 0.110 10.0 4,180 China Sports 0.115 9.5 3,335 Dapai 0.205 7.9 5,535 JES International 0.350 7.7 18,200 China Taisan 0.185 5.7 7,400 Li Heng 0.225 4.7 4,500 Straits Asia Resources 2.490 2.9
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    • 527 10  -  TEH HOOI LING Senior Correspondent THE December effect is alive and well. All our portfolios chalked up respectable gains in the last week of 2010. On average, the portfolios climbed 3.5 per cent, outpacing the 1.5 per cent registered by the blue-chip Straits Times
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    • 172 10 DEC 31 ‘10 BID PRICE VALUE WEEK-ON-WEEK CHANGE MFS Technology Ltd 0.170 17.2 4,590 Sino Techfibre 0.110 10.0 4,180 Stamford Land 0.635 5.8 11,430 FJ Benjamin 0.420 5.0 10,500 Nera Telecoms 0.365 4.3 8,030 Metro 0.860 3.0 9,460 Hotung Investment 0.175 2.9 12,425 Innotek 0.580 2.7 8,120
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    • 172 10 DEC 31 ‘10 BID PRICE VALUE WEEK-ON-WEEK CHANGE Tuan Sing 0.365 52.1 18,980 Hotung Investment 0.175 15.9 8,400 China Sky 0.250 11.1 4,250 Fuxing China 0.185 8.8 9,620 Hong Fok 0.625 7.8 11,250 Auric Pacific 0.650 6.6 3,900 Innotek 0.580 6.4 8,120 China Flexible Packaging 0.200 5.3
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    • 1140 10  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited THE bulk of listed companies that bought back shares in 2010 saw their share prices end higher than their buyback prices despite the market correction in the fourth quarter. A total
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    • 156 10 sentiment DEC 31 ‘10 BID PRICE VALUE WEEK-ON-WEEK CHANGE Sunvic Chemical 0.620 15.9 18,600 Del Monte 0.440 10.0 4,400 China Energy 0.165 6.5 7,425 China Taisan 0.185 5.7 7,400 UIC 2.500 4.6 10,000 Macquarie Int'l Infrastr 0.590 4.4 8,260 Bright World 0.500 3.1 9,500 Pan-United
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    • 169 10 DEC 31 ‘10 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Sky Chemical 0.250 11.1 4,250 Del Monte Pacific 0.440 10.0 4,400 Sino Techfibre 0.110 10.0 4,180 Cacola Furniture 0.060 9.1 3,120 CSE Global 1.300 4.8 9,100 Li Heng 0.225 4.7 4,500 Golden Agri-Resources 0.795 4.6 22,260 China Kangda
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    • 158 10 One-year top losers Reyphon Agriceutical 0.105 31.3 21,000 Mirach Energy 0.090 28.6 9,000 MoyaDayen 0.075 15.4 9,375 Annica 0.050 11.1 8,300 Sino Techfibre 0.110 10.0 4,180 Sunshine 0.065 8.3 13,000 Ellipsiz 0.140 7.7 14,000 China Oilfield Tech 0.165 6.5 11,715 China Auto Electronics 0.095 5.6 9,500 Sinostar
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  • COMPANY NEWS
    • 734 7  -  Favoured stocks include offshore marine, agriculture, banks, hospitality By TEH SHI NING THE new year ought to be a good one for stock picks, which regained prominence in 2010 as markets moved from a broad-based rally to focus on company fundamentals. Equity analysts
      FILE PHOTO  -  734 words
    • 403 7 Dec 31 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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    • 279 7 GROSS REDEMPTION YIELD p.a.) NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT ($m) COUPON RATE p.a.) CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) YEAR RAISED ISIN CODE MATURITY DATE 01.02.2011 N*****0E 2006 3 1/8 4700.00 1/2 1/8 152 100.21 0.70 SG7E*****983
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    • 4496 8 COMPANY MKT CAP CHNG RANK RANK MORF )M$S 13 CED 13 CED 2010 2009 DEC 31 DEC 31 2010 2009 1 1 SingTel *****.2 -1.9 2 6 Jardine Strategic *****.4 45.7 3 7 Jardine Matheson *****.5 36.2 4 2 Wilmar *****.2 -12.4 5
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    • 572 9  -  Gains were lower in more developed Asian markets in HK, S’pore, Taiwan By CONRAD TAN SOUTH-EAST Asia’s emerging markets put in a stunning performance in 2010, ending the year with the highest returns in Asia and worldwide. Funds flowed into the region from
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    • 260 9 COMPANY MEETING PLACE DATE TIME Technics Oil Gas A 72, Loyang Way Singapore *****2 05-Jan 10.00am Pan Hong Prop S Suntec S'pore Intl Convention and Exhibition Centre, Meeting Room 206, Level 2 1 Raffles Boulevard, Suntec City Singapore *****3 06-Jan 10.00am CAN Grp E Amara Singapore, Connection 1,
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    • 18 9 ISIN-CODE NAME NAV DATE LU********** Man AHL Trend SGD Share SGD 100.05 20.12.10
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    • 58 9 Branchen Stars R1C-A 23.12.10 137.36 EUR db X-MACRO Trading Index Fund I4D 20.12.10 99.81 GBP DB Platinum II FX Select Guaranteed Fund R1D 22.12.10 101.48 USD DB Platinum IV Balanced Currency Harvest Euro I1C 15.12.10 100.25 EUR Booster Capital Guaranteed Fund SGD R1D 16.12.10 10.52 SGD I Double
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    • 327 9 Payment Ex Books Pay Ann (cts) date close date date Asia Pac Brew ak 52.000 27-Jan 31-Jan 18-Feb 12-Nov Australand Prop^ ag 10.500 29-Dec 31-Dec 08-Feb 20-Dec China Gaoxian aw 0.500 07-Jan 11-Jan 24-Jan 16-Dec Eastern Hldgs aw 0.333 04-Jan 06-Jan 18-Jan 20-Dec Ezra Hldgs ak 1.500 30-Dec
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  • Page 7 Advertisements
    • 271 7 SHARES AWARDS 2010 WINNER BEST ONLINE TRADING PLATFORM Always invest with the best. Join the award winning network with Saxo. Voted the best in category by three of the most highly regarded magazines in the financial industry. Most recently the readers of Shares magazine, UK, voted Saxo Bank the "Best
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  • Page 9 Advertisements
    • 123 9 LUXURY TOURS TRAVEL PTE LTD The Leading Operator LA Established 1985 r "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
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    • 281 9 FIND THE ONES THAT FIT! Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruitd>sph.com.sg to advertise. rsj L First Trust We started as Horwath First Trust Later became Crowe Horwath First Trust And now we are Confusing? It’s simple really. Thinkofitassimplybuildingonourstrengths,withacontinuedcommitmenttowards impeccable service. We are
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 926 11  -  Latching on to location-based social media (LBSM) could prove lucrative for companies here, says RYAN LIM RYAN LIM The writer is business director of Blugrapes, a company focusing on performance-based mobile and social media marketing solutions (www. blugrapes. com) AS LEVERAGING upon social media platforms,
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    • 1038 11  -  Trip provides value-add to participants’ knowledge, say NG KENG LEONG, YEO SUEANN and WONG JIAN-HUI CAMPUS LIFE NG KENG LEONG YEO SUEANN WONG JIAN-HUI The writers are co-organisers of the Asian Investment Immersion Programme 2010. They are second-year students at SMU pursuing a Bachelor of
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  • Page 11 Advertisements
    • 271 11 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
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  • ECONOMY WATCH
    • 483 12 He strikes bipartisan note, saying he’ll work with anyone with a good idea Reuters [HONOLULU] President Barack Obama has set his New Year’s resolution high for 2011: repair the struggling US economy. In his weekly radio and Internet address on Saturday, the vacationing
      Reuters  -  483 words
    • 479 12 AFP [LONDON] An austere tax increase, huge cuts in state spending and rising unemployment are all set to be unleashed on Britain in 2011, risking widespread strike action by disgruntled workers. The Conservative-Liber-al coalition led by Prime Minister David Cameron insists
      AFP  -  479 words
    • 295 12 AFP [FRANKFURT] The debt crisis has strengthened Germany’s hand in Europe, but Chancellor Angela Merkel will have a tough time convincing voters that leadership might also mean digging deep for additional aid. “So far, people do not see the costs that
      AFP  -  295 words
    • 352 12 Reuters [ISTANBUL] Turkey’s current account deficit will pose more of a risk than inflation in 2011, but the country will uphold financial stability and keep the deficit in check by monitoring credit growth, the economy minister said. In an interview with state-run news
      Reuters  -  352 words
    • 733 12 Current mechanisms can’t cope with debt crisis if it comes AFP [MADRID] For financial markets the doomsday scenario in 2011 starts with Spain buckling under its debt and unleashing a Eu-rope-wide crisis that dwarfs anything seen so far in Greece or Ireland. Financial
      AFP; AP  -  733 words
  • Page 12 Advertisements
    • 1043 12 :*ATci NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF ACT TELECONFERENCING SINGAPORE PTE LTD (In Members' Voluntary Liquidation) (Co. Reg. No. *****2381K) NOTICE OF RESOLUTION At an Extraordinary General Meeting of ACT TELECONFERENCING SINGAPORE PTE LTD duly convened and held at 300 Beach
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  • MALAYSIA
    • 610 13  -  Hanging on to US$ is hurting oil-importing countries MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent THIS can’t carry on. The fact is: the US dollar isn’t going anywhere. In fact, it’s been on a secular decline for some time now for obvious reasons. And that’s bad for
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    • 353 13 [KUALA LUMPUR] DRBHicom Bhd expects to recruit as many as 600 people to kickstart the assembly of Volkswagen (VW) cars in Pekan, Pahang, said its group managing director Mohd Khamil Jamil. “The employment numbers will increase in the future when the operations
      AP  -  353 words
    • 196 13 Bernama [KUALA LUMPUR] The Malaysian ringgit, which was firmer against the US dollar throughout last week, is likely to start the new year higher this week, dealers said. They said the unit would remain firm and trade between 3.08 and 3.06 levels
      Bernama  -  196 words
    • 1961 13 VOL Dec 30 RM +/-(‘000) A M Realty 0.52 -0.01 5 Abric Bhd 0.43 0.02 175 Advance Synerg 0.20 -0.01 1175 Adventa Bhd 2.33 -0.05 1162 Ae Multi Hldgs 0.31 -0.01 1077 Affin Holdings 3.09 -0.01 270 Ahmad Zaki Res 1.10 0.02 287 Aic Corp 1.01 -0.01 48
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    • 342 13 Bernama [NEW DELHI] Malaysian wok masters are dishing out sumptuous Malaysian Chinese cuisines and stirring a food revolution in Indian cities. Former cooks of modest Malaysian restaurants are now much sought-after professional chefs in Indian five-star hotels as more Malaysian cuisines spice up local
      Bernama  -  342 words
  • Page 13 Advertisements
    • 52 13 A Perfect Future Watch Spiritual Philosopher Global Mentor Prof. Dr. Ramesh Richard, PhD; ThD Log on to afterlifeguarantee.com rameshrichard.com s: I: mi U in a stateroom with balcony plus $100 onboard Dining Credit "m sgtravel lers.c^m the ultimate travel resource bu SPH Sponsored By: <S)/STAR CRUISESX 77>e Leading Cruise l.ine
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  • GREATER CHINA/INDIA
    • 500 14 The treaty, dubbed ‘vitamin’ by Taiwan, also covers opening of industries Bloomberg [TAIPEI] China and Taiwan have lowered import taxes on more than 800 products under the first trade treaty between the former civil war foes, an accord that the island
      Bloomberg  -  500 words
    • 569 14 AP [NEW DELHI] This book, he insists, will be his last. It’s a novel about two old men, written by a 96-year-old who says he can’t have much time left. So after this one, the man who has been a force in
      AP  -  569 words
    • 308 14 AFP [HONG KONG] One of Hong Kong’s most influential democracy campaigners, Szeto Wah, has died at 79. Known by many as Uncle Wah, the veteran activist had been in hospital for several months after being diagnosed with lung cancer. Recent media reports had
      AFP; REUTERS  -  308 words
    • 323 14 Re uters [NEW DELHI] India plans to overhaul its decade-old telecoms policy, framing new rules on mergers and on radiowaves, the Telecoms Minister Kapil Sibal said on Saturday, seeking to revamp a high-growth sector hit by several scandals. Mr Sibal, who took over
      Reuters  -  323 words
    • 327 14 Over 53,500 apply for 20,000 licence plates available Bloomberg [BEIJING] Residents in Beijing, the city ranked as having the world’s worst traffic, rushed to apply for new vehicle licences on Saturday under a quota system started as China’s government seeks to ease the congestion.
      Bloomberg  -  327 words
  • Page 14 Advertisements

  • WORLD
    • 597 15 They want clear directives before some £7b is paid out in the next 2 months Reuters [LONDON] Senior British bankers are reported to have asked the government for guidance on how, and at what level, year-end bonuses could be paid amid growing
      Reuters; AP  -  597 words
    • 434 15 Reuters [BRASILIA] Dilma Rousseff became Brazil’s first female president last Saturday and promised to build on an unprecedented run of economic success achieved by her predecessor and mentor, Luiz Inacio Lula da Silva. Thousands of admirers braved a driving rain and cheered
      Reuters; AFP  -  434 words
    • 269 15 AFP [PARIS] Makers of electronic cigarettes are reporting strong growth in sales as anti-to-bacco laws force European smokers into the cold streets, but campaigners say that the device is undercutting health efforts. Spain yesterday joined the ranks of countries that have outlawed smoking in enclosed public
      AFP  -  269 words
    • 188 15 Reuters [MUSCAT] Oman plans to spend 30 billion rials (S$100 billion) in its new five-year economic plan to 2015, including about six billion rials allocated to oil industry, the Gulf state’s National Economy Minister Ahmad Mekki said yesterday. The bulk of
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    • 399 15 New players to have their diplomatic mettle tested soon AFP [NEW YORK] Germany, India and South Africa take their places this week on the United Nations Security Council, giving it the look of a body that many see as the basis
      AFP  -  399 words
    • 456 16 Town with 77,000 population cut off; woman dies while crossing river in car Reuters [GLADSTONE, Queensland] Large parts of Australia’s coastal north-east were flooded yesterday in a spreading environmental disaster as thousands of residents fled their homes to avoid the runoff from a
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    • 339 16 It’s part of move to restructure loans of US$10.5b in Q1 Bloomberg [DUBAI] Nakheel PJSC, the developer building palm-shaped islands off Dubai’s coast, paid a total of 3.9 billion dirhams (S$1.3 billion) to its trade creditors as it seeks approval to delay
      Bloomberg  -  339 words
    • 290 16 Bloomberg [AMMAN] Iraq’s government expects to sign an agreement later this month with two foreign companies seeking to develop the country’s Akkas natural-gas field, Abdul-Mahdy alAmeedi, an oil ministry official, said. The ministry had planned to sign an agreement for Akkas
      Bloomberg  -  290 words
    • 357 16 AFP [LONDON] The British government stepped in yesterday to stop Beatles legend Ringo Starr’s birthplace from being bulldozed. Housing minister Grant Shapps has written to the Liverpool City Council, urging a temporary reprieve for 9 Madryn Street, in the Dingle district, which is
      AFP  -  357 words
    • 598 16 Arnie sorting out flood of offers as he ends job as governor AP [LOS ANGELES] The Terminator always said he’d be back. Governor Arnold Schwarzenegger is sifting through a stack of corporate, Hollywood and real estate offers as the celebrity politician reaches an
      AP  -  598 words
  • Page 15 Advertisements
    • 748 15 NOTICES IN THE MATTER OF COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KNOWLEDGEFORE ASIA PTE. LTD. Registration No. *****0634H (IN MEMBERS’VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company held on 29 December 2010, the following Resolutions were passed: It
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  • AVIATION/SHIPPING
    • 453 17 Growing global trade, increasing oil exploration to spur demand for vessels Bloomberg [SINGAPORE] Hyundai Heavy Industries, the world’s largest shipyard, expects to boost orders 54 per cent this year as growing global trade and increasing oil exploration spur demand for vessels and
      Bloomberg; BLOOMBERG  -  453 words
    • 311 17 AP [WASHINGTON, DC] A passenger plane briefly lost radio contact with air traffic controllers when the pilot turned to a wrong frequency as he approached Washington last Saturday, leading to the scrambling of fighter jets and the evacuation of the US Capitol,
      AP  -  311 words
    • 93 17 AFP [HANOI] Vietnam has opened a new international airport in the the southern Mekong Delta, state media said yesterday. The US$150-million Can Tho International Airport, built on 20,750 square metres of land, will process up to five million passengers a year, Vietnam News Agency reported.
      AFP  -  93 words
    • 278 17 SGX '000 Dec 31 S$ +/-Vol CH Offshore 0.50 unch 85 Chuan Hup Hldg 0.25 -0.01 60 Cosco Corp 2.14 0.01 2592 CWT Ltd 1.00 0.01 411 Ezra Hldgs 1.80 -0.02 5007 First Ship Lea 0.47 unch 85 Freight Links 0.08 unch 2971 Grand Banks unch unch 0
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    • 3261 17 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 Athens
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    • 299 17 Deal falls short of union’s demand for 30% over 4 years AFP [HONG KONG] Cathay Pacific has offered its pilots pay rises of up to 12 per cent after they threatened to work to rule over Christmas, a report said yesterday.
      AFP  -  299 words
    • 289 17 AP [MOSCOW] A Russian passenger jet carrying 124 people caught fire as it taxied down a snowy runway in Siberia and then exploded, killing three people and injuring 43, including six who were badly burnt, officials said. Most of the passengers and crew were evacuated
      AP  -  289 words
  • Page 17 Miscellaneous
    • 331 17 CRYPTIC CROSSWORD Across 1 Belittled a duke touring HQ (6) 5 Don, perhaps, has fed FBI agent (8) 9 Additional clothing fielder required (5,5) 10 Member meeting unknown host (4) 11 Couple hired band (8) 12 Say no to litter (6) 13 One makes notes in Oxford Book of Essays,
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  • DINING OUT
    • 600 18  -  NEW RESTAURANT Akari Japanese Dining Bar 8A Marina Boulevard #01-02 Marina Bay Financial Centre Tel: 6634-0010 By Jaime Ee JAPANESE restaurants have become so widespread in Singapore that you can’t throw a pair of disposable chopsticks too far without hitting a bright, cheery person trilling
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    • 609 18  -  NEW RESTAURANT Etna Italian Restaurant Pizzeria 49/50 Duxton Road. Tel: 6220-5513 By Geoffrey Eu VOLCANIC eruptions on Sicily's Mount Etna have been occurring for millions of years, while culinary activity at its Singapore namesake is slightly more recent but there is more
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  • Page 18 Advertisements
    • 2366 18 :*ATci NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg RM 4/ 0 4 MERMAID MARITIME PUBLIC COMPANY LIMITED (Incorporated in the Kingdom of Thailand) Company Registration No.: **********017 NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS NOTICE IS HEREBY GIVEN that by virtue of the resolutions of the Board of Directors of the
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  • SINGAPORE STOCKS
    • 9362 19 Week ended: Dec 31 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 19 +0.5 3903 19.5 18 18.5 19 1.7 9.5 6.1 91 12 4.5 5834 A-Sonic
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    • 1860 20 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 $mil 7 4 1181 t AA Grp 5 4 5 27.8 4.8 225 130 6222 t APStrategic 185 +25 21 185 164 165
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    • 111 20 Stock name Close Change CapMallsAsia 1.940 CapitaLand 3.710 -0.050 CapitaMall 1.950 +0.010 CityDev 12.560 -0.160 ComfortDelGro 1.550 -0.030 DBS Grp 14.320 -0.180 F&N 6.410 -0.100 Genting SP 2.190 +0.010 Golden Agri 0.800 HK Land 7.220 +0.070 Stock name Close Change JMH 44.000 -0.620 JSH 27.680 +0.180
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    • 2648 20 Transaction date: Dec 31 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.50 0.10 0 Aeon Stores 15.90 unch 12 Angang Steel 11.90 -0.02 3265 Anhui Conch 36.45 0.60 1099 Anhuiexpresswa 6.82 0.02 21 Asia Satellite 13.50 unch 0 Asm Pacific 98.25 -2.45 652 Bank Of E Asia 32.55
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    • 186 20 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 14 3 1 0 0 0 14 3 1 Manufacturing 137 33 57 13 5 20 150 38 77 Commerce 50 11 21 7 2 8 57 13 29 Tpt/Stor/Comms 35 5 5
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    • 909 20 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 $mil 124 107 6389 ABF SG Bond ETF 111.5 -0.5 10 111.5 111.5 109 110.1 509 1056 761 CIMBAsean40 100US$ US1023 +21 54 1050 1023
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    • 264 20 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 $mil 56 38 6000 AVJennings A47.5 +2 4 47.5 47 47.5 50.5 3.6 7.4 3.8 123.7 55 16 6017 Genting HK US$ US45 +2.5 ***** 45.5
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    • 121 20 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 349,474 349,474 346,738 346,738 Manufacturing 1,433,687 161,073 1,594,760 1,018,873 7,897 1,026,770 Commerce 260,479 109,074 369,553 306,991 9,906 316,897 Tpt/Stor/Comms 246,724 9,707 256,431 426,672 2,924 429,596 Finance 350,702 350,702 560,641 560,641 Construction 61,126 34,477 95,603 21,434
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  • Page 20 Advertisements
    • 26 20 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 21 In local curr In S$ In US$ dy yr dy yr dy yr Dec 31 Index Change Change Change Change Change Change World Index Preliminary 897.9 -0.2 7.9 -0.3 0.0 0.3 9.6 EAFE Preliminary 800.9 -0.5 2.0 -0.1 -4.3 0.5 4.9 Europe Preliminary 1168.6 -0.6
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    • 177 21 Dec 31 $S Offer Bid 0vernight 1/16 par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.35 0.25 1 month 0.40 0.30 2 months 0.44 0.34 3 months 0.46 0.36 6 months 0.56 0.46 9 months 0.80 0.65 12
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    • 22 21 Dec 31 S$ Bid Offer 1-month 1.2858 1.2860 2-months 1.2857 1.2860 3-months 1.2858 1.2860 6-months 1.2858 1.2861 Source: OCBC
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    • 121 21 Dec 31 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.351 1.275 Can dollar 1.312 1.262 Euro 1.746 1.679 Sterling pound 2.025 1.948 NZ dollar 1.021 0.973 US dollar 1.308 1.258 Local dollars to 100 units of foreign
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    • 27 21 Dec 31 Open High Sett STI Jan 3190 SIMSCI Jan 381.2 381.9 378.4 Taiwan Jan 316.3 319.9 319.3 Source: MF Global (S) Pte. Ltd
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    • 65 21 Dec 30 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 11 3768 3814 3814 3750 666 3269 Feb 11 3773 3820 3805 3748 1224 ***** Mar 11 3735 3788 3792 3707 9782 ***** Apr 11 3707 3768
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    • 386 21 Dec 31 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.6250 0 3421 Jun11 99.5350 0 904 Sep11 99.4050 0 985 Dec11 99.2200 0 311 EUROYEN TIBOR FUTURES Mar11 99.6550 0 2059 Jun11 99.6400 0 1389 Sep11 99.6250 0 1064 Dec11 99.6150 458 1513 Mar12 99.6000
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    • 150 21 Dec 30 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jan 11 501.0 498.0 500.0 59 Feb 11 501.0 495.0 501.0 42 Mar 11 495.0 495.0 501.0 6 Apr 11 495.0 495.0 501.5 4 May 11 501.5 Jun 11
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    • 82 21 Dec 31 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 31.03.2011 0.39 1-Year BY*****N 01.11.2011 0.42 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 103.47 5-Year N*****0S 2.875 01.07.2015 106.41 7-Year N*****0Z 2.375 01.04.2017
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    • 107 21 Dec 31 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 11 1393.75 1366.00 1394.50 1366.50 Mar 11 1403.00 1376.00 1404.00 1376.00 May 11 1409.00 1382.50 1410.50 1383.00 Jul 11 1411.50 1385.25 1413.25 1385.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 11 57.74
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    • 77 21 CRUDE OIL PRODUCTS Dec 30 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 92.67 -1.20 WTI (Near Mth) 89.51 -1.50 Dubai (1-Mth F) 90.56 -0.40 Tapis blend 98.55 -0.05 Minas 94.25 -0.05 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 96.28 -0.94 Jet Kerosene 105.56 -0.69 US$/barrel Opec Oil
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    • 2672 21 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 33 2.5 2176 1 10 -8 1.41 59 6221 Asia-Pacific Strategic W*****6 33.5 1.5 128 1 150 -1 5.52 41 6227 ASJ Hldgs W*****1 2 1
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    • 464 21 Dec 31 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.017 6.705 0.765 7.908 45.606 91.521 0.829 11.476 3.136 1.317 87.174 44.540 1.308 6.737 0.954 29.646 30.563 0.659 1.017 Canada 0.983 6.591
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    • 85 21 Dec 31 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 154 21 Dec 31 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3069 1.3084 1.0164 1.0174 Canadian dollar 1.2850 1.2857 0.9994 0.9998 Euro 1.7090 1.7096 1.3291 1.3294 NZ dollar 0.9924 0.9932 0.7718 0.7723 Sterling pound 1.9846 1.9853 1.5435 1.5438
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    • 109 21 Dec 31 GOLD (IJSS/02) Dec 30 Dec 31 Hong Kong 1415.00 1407.60 Dec 30 Dec 31 London 1405 95 1417-24 1406.70 1418.01 Source: Thomson Reuters CAST BAR Dec 3 J (SS) Selling Buying Kilobar 62.562.90 ***** PAMP GOLD BARS m Selling Buying Igm 140 58 5gm 398 292
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    • 71 21 Dec 31 Dec 31 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2460.75 2445.00 3 months 2470.00 2454.00 Copper, Grade A (US$/tonne) Cash 9650.00 9541.50 3 months 9600.00 9495.00 Lead (US$/tonne) Cash 2563.50 2526.00 3 months 2550.00 2517.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • 82 21 Dec 31 COCOA (£/tonne) Close Prev High/Low Mar 11 2017 2023 2044/2001 May 11 2029 2034 2048/2013 Jul 11 2044 2047 2052/2030 Sep 11 2050 2054 2054/2053 COFFEE (US$/tonne) Close Prev High/Low Jan 11 2082 2065 2095/2001 Jun 05 2097 2084 2097/2009 May 11 2114 2099 2114/2051 Jul 11
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 1152 24  -  IT vendors tell AMIT ROY CHOUDHURY that customers want to transform IT systems while keeping an eye on costs AMIT ROY CHOUDHURY AS THE New Year starts, major IT companies are gearing up to help their customers here and in the region use exciting new technologies
      FILE PHOTO  -  1,152 words
    • 745 24  -  US study finds loss of US$2.1b worth in 12-month period By RAJU CHELLAM APART from malware and hackers, there is a more insidious threat that companies need to be aware of: employees who lose their notebooks, netbooks and other devices containing valuable
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    • 431 24  -  By ROBERT CYRAN By and ROB COX REUTERS BREAKINGVIEWS FACEBOOK may at last become a real, rather than virtual, money-spinner in 2011. The social network doesn’t need capital to grow, but expectations from backers and employees for an IPO are too high for founder Mark
      REUTERS  -  431 words
    • 713 24  -  By VICTORIA HO WITH the social media revolution in full swing last year, some enterprise vendors are anticipating the changes this will make to their business strategies this year. Vish Iyer, Asia Pacific head of Tata Consultancy Services, sees enterprises having
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