The Business Times, 5 January 2011

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Total Pages: 29
1 30 The Business Times
  • 24 1 THE BUSINESS TIMES S$1 .00 online at http://www.businesstimes.com.sg Sf£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, January 5,2011
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  • 708 1  -  Tickets at MBS almost fully sold out with some healthy corporate demand By LYNN KAN [SINGAPORE] The lure of Bollywood has caused some of the most expensive tickets ever sold in Singapore to get snapped up. Almost 5,000 tickets to the Zee Cine Awards,
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  • 867 1  -  By making S’pore the default arbitration centre, it is set to shake up shipping world By JOYCE HOOI [SINGAPORE] Tomorrow night, the typeface that launches a thousand ships could change forever. The Singapore Maritime Foundation (SMF) is launching the highly anticipated Singapore
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  • 142 1 GST INDEX 3,250.29 (+14.52) GST INDEX FUTURES 3,250 (+14) GSIMSCI 381.96 (+0.28) GSIMSCI FUTURES 383.30 (+2.30) FOREX US$ S$ US$ (S$ per US$) 1.288 (US$/S$ per 1.548 1.993 EURO (US$/S$/E) 1.334 1.718 Foreign currency per US$ S$ YEN 82.20 63.90 RM 3.066 2.380 HK$ 7.771 6.034 BAHT 30.08
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  • TOP STORIES
    • 653 2  -  It hopes to have around 100 malls in China in the next three to five years By EMILYN YAP [SINGAPORE] CapitaMalls Asia (CMA) is looking to invest around $2 billion in new projects this year after committing a similar amount last year,
      LENNE CHAI / THE STRAITS TIMES  -  653 words
    • 580 2 Singapore Ship Sale form ready to set sail TOMORROW night, the typeface that launches a thousand ships could change forever. The Singapore Maritime Foundation is launching the highly anticipated Singapore Ship Sale Form, which will be the backbone of used-ship sale and purchase deals in the region if
      580 words
    • 18 2 ISIN-CODE NAME NAV DATE LU********** Man AHL Trend SGD Share SGD 101.43 27.12.10
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    • 1129 2  -  Republic could become premier maritime arbitration centre COMMENTARY JOYCE HOOI Reporter AS THE Singapore Ship Sale Form (SSF) is launched tomorrow night, it might be said that Poindexter is taking on the heaviest kid in class, by the people who can
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    • 469 2 AFP Bloomberg Xinhua Reuters [ROCKHAMPTON, Australia] Australian residents fled their homes and sandbagged properties yesterday as a worsening flood disaster unleashed a plague of snakes and crocodiles. Tens of thousands of people in Rockhampton braced for complete isolation as waters which have inundated an
      AFP; Bloomberg; Xinhua; Reuters  -  469 words
    • 780 4  -  But some analysts now see stocks from developed markets as a safer 2011 bet By NEIL BERHMANN in London ASIAN and emerging market equities continued to find favour in the final months of 2010, but a growing number of analysts believe that
      780 words
    • 899 4  -  By PAULINE NG in Kuala Lumpur WHERE everyone else saw waste, he saw gold, and that nugget has turned into a £45 million (S$90 million) mining company. “People were going to use the mining waste which was left idle and build the
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  • Page 2 Advertisements
    • 168 2 EXCITING AUSTRALIAN REAL ESTATE OPPORTUNITIES Location: Coburg, Melbourne, Victoria Master Planned development incorporating vibrant Heritage Restoration in Corburg (part of Australian Government's Melbourne 2030 Vision) 8 km from Melbourne CBD, RMIT University, University of Melbourne LaTrobe University Upscale life-style mixed development of Grade A office space, shopping mall, cinema, restaurants,
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    • 50 2 Head to CATS FASTADS in The New Paper for job opportunities! CLA/Dec05/Sg Club Med PROMO! N 3D2N from $494 (Full Board) Bintan Bali Phuket Mauritius MALDIVES SPECIAL PROMO! 5D3N from $1158 Fly by SQ (Half Full Board) FREE $1 00 Travel Voucher per couple! Global Holidays Novena *****110 Plaza *****211
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  • Page 3 Advertisements
    • 144 3 Porsche recommends Mobil n For more information please visit www.porsche.com.sg 530hp. Excitement. 0-100km/h in just 3.3 seconds. Exhilaration. The 911 Turbo S. The most powerful interpretation of the 911 Turbo principle yet. Charged with all the excitement of raising the bar higher still. Time and time again. And the impressive
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  • Page 4 Advertisements
    • 1896 4 THAI VILLAGE HOLDINGS LTD (Incorporated in Singapore) Company Registration No. *****5141N NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Thai Village Holdings Ltd (“the Company”) will be held at Thai Village Restaurant, 5 Stadium Walk, #01-50 Leisure Park Kallang, Singapore *****3 on Thursday,
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  • Page 5 Advertisements
    • 160 5 Raising the bar in small and mid-cap companies. Done. ASiAMONEY BROKERS POLL 7TP1 Singapore 1 st in Small Caps Research category 1 st in Most Improved Brokerage category Malaysia 1 st in Small Caps Research category 2 nd in Most Improved Brokerage category Showcasing the potential in small and mid-cap
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  • COMPANY NEWS
    • 432 6  -  53% stake to be paid in cash and shares at $2.1581 apiece By LYNETTE KHOO GLOBAL Logistic Properties (GLP) said late yesterday that it would buy a 53 per cent effective interest in China’s Airport City Development Co Ltd
      432 words
    • 703 6  -  JP Morgan slashes target price; property foray cited By FELDA CHAY PALM oil giant Wilmar International has been hit by a bad spell of late. JPMorgan has slashed its target price for the stock to $4.60 from $7.20 and brought down its stock call
      REUTERS  -  703 words
    • 859 7  -  HOCK LOCK SIEW By VEN SREENIVASAN GOH Choon Phong, who headed SIA Cargo during one of its most tumultuous periods between 2006 and 2010, takes over the helm of Singapore Airlines as the industry looks set to enjoy its second consecutive year of
      859 words
    • 405 7 US unit LMANA to distribute newly acquired products MAINBOARD-listed LMA International, a major provider of supraglottic airway management devices, said it has finalised the acquisition, through its subsidiary LMA North America Inc (LMANA), of US-based Wolfe Tory Medical Inc (WTM). The completion follows LMA’s
      405 words
    • 216 7 BREADTALK Group is selling an office property in China for 46.5 million yuan (S$9.1 million). Shanghai BreadTalk, a unit of wholly owned subsidiary BreadTalk International, has entered into an agreement with the Industrial and Commercial Bank of China for the sale of
      216 words
    • 623 10  -  It made clarifications on transaction amid shareholder concerns By FELDA CHAY SHANGHAI Asia Holdings (SAH) has made clarifications on the proposed disposal of its businesses for one billion yuan (S$195 million), in what appears to be a bid to justify the way the
      623 words
    • 402 10  -  Automated plant expected to cut labour by 50-70% By DANG VAN TRANG RESPONDING to the government’s call for higher productivity through wider adoption of precast construction methods, Tiong Seng Holdings is building a $26 million prefab hub in Tuas to
      402 words
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    • 606 6 Windows®. Life without Walls™. Toshiba recommends Windows 7. r TOSHIBA Leading Innovation »> years of, Notebook c Innovations t duality v A A R700 LIGHTNING-FAST BRAIN. SUPER-SLIM BODY. FULL SPEC. TOSHIBA NOW THAT'S SMART. BRUSHED METALLIC BLUE BRUSHED METALLIC BLACK Super-slim 1.9cm thin full-feature notebook with 512GB Solid State Drive
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  • Page 7 Advertisements
    • 82 7 Free online seminars to develop your FX/CFD trading skills. get thinking FX/CFD trading X n pvv View our free seminars online, on demand. Guiding you through your CFD journey; topics range from CFD basics, trading psychology, charting and much more. Join live online sessions with our head of Client Education.
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  • SINGAPORE MARKETS
    • 682 8  -  Speculative penny stocks in play amid heavy turnover, with average unit value of traded shares at 89 cents STOCKS R SIVANITHY Senior Correspondent THE broad market yesterday sagged even as the Straits Times Index (STI) rose, as traders piled into speculative penny stocks
      Source: Bloomberg  -  682 words
    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 10 2 0 0 0 5 10 2 Manufacturing 61 68 70 8 12 10 69 80 80 Commerce 28 21 23 4 2 6 32 23 29 Tpt/Stor/Comms 17 15 11
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    • 123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 57,099 57,099 87,075 87,075 Manufacturing 692,592 55,597 748,189 584,529 5,116 589,645 Commerce 105,506 31,190 136,696 162,372 2,743 165,115 Tpt/Stor/Comms 154,493 2,750 157,243 279,686 528 280,214 Finance 31,949 102 32,051 205,867 13 205,880 Construction 49,768 206,483
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    • 111 8 Stock name Close Change CapMallsAsia 1.870 -0.040 CapitaLand 3.760 CapitaMall 1.970 +0.010 CityDev 12.800 +0.140 ComfortDelGro 1.570 DBS Grp 14.600 +0.100 F&N 6.450 +0.010 Genting SP 2.230 +0.010 Golden Agri 0.815 -0.005 HK Land 7.610 +0.210 JMH 47.500 +1.300 JSH 28.940 +0.860 Jardine C&C 37.580 +0.140
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    • 4 9 DAILY
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    • 66 9 Jan 4 VALUE CLOSE BT OB/OS 820.00 -78.00 BT CADI -*****.00 +4.00 BT 10-day MA -*****.00 +82.00 FTSE ST Mid Cap 821.64 +4.81 FTSE ST Small Cap 615.34 -0.40 FTSE ST All Share 807.79 +3.52 FTSE ST China Top 305.69 +2.36 FTSE ST China 334.74 +1.27 FTSE
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    • 55 9 VOLUME TopGlobal 203,113,000 Genting SP 75,132,000 LeaderEnv 66,395,000 China Hongxing 55,817,000 ChinaGaoxian 54,577,000 Noble Grp 46,237,000 TopGlobal W*****9 45,766,000 Golden Agri 42,417,000 Yangzijiang 36,989,000 Wilmar 36,415,000 VALUE($) Wilmar 202,251,670 Genting SP 168,227,740 Noble Grp 104,692,620 DBS Grp 83,422,880 Yangzijiang 74,010,270 SIA 68,545,400 Cosco Corp 63,558,620 UOB 58,220,460
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    • 112 9 BY CENTS CLOSE UP DBXT AUDMM 5US$ *****1174.1 5.0 JMH 4750 167.4 2.8 JSH 2894 110.7 3.1 DBXT DBCBDJUBS 10US$ 3706 104.3 2.2 DBXT MSAsExJp 10US$ 3396 100.4 2.4 IS S&P500 ***** 87.5 0.5 DBXT FTVietnam 10US$ 3720 48.9 1.0 IS DJ US Tech 6505 41.2 0.5 Lyxor LatinAmerica
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    • 118 9 BY CENTS CLOSE DOWN GLD 10US$ *****-142.9 -0.8 DBXT Nifty 10US$ ***** -33.5 -0.2 DBXT iBoxxSing 5SG$ ***** -30.0 -0.3 SIA.ES.1101 1518 -30.0 -1.9 DBXT SPASX200 10US$ 3446 -29.6 -0.7 SIA 1520 -20.0 -1.3 SIA 200 1520 -18.0 -1.2 Wilmar.ES.1101 551 -18.0 -3.2 Wilmar 550 -16.0 -2.8 DBXT S&P
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    • 5 9 DAILY
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    • 1225 9  -  BROKERS’ TAKE Compiled by LYNETTE KHOO Offshore and Marine DBS Vickers Research, Jan 4 ALL shipyards had a fruitful 2010, hitting our order win assumptions. Keppel Corp led the peers with over S$3 billion new contracts, followed closely by Cosco Corp (S$2.8 billion) and Sembcorp
      Source: Bloomberg  -  1,225 words
    • 512 9 CURRENCIES Reuters [LONDON] The euro rose against the dollar, the yen and the Swiss franc yesterday after upbeat eurozone and US economic data boosted risk appetite, but its gains were hampered by nagging doubts over eurozone bond issuance. The Australian
      Reuters; REUTERS  -  512 words
  • Page 8 Advertisements
    • 112 8 From an TMhi to an to a leading to a budding the towards emerging economies is unanimously positive. Everyone wants to partake in this growth story, make and ensure great From the hub of today's emerging economies Singapore, we pledge to publish unbiased and views from the s of global
      112 words
    • 104 8 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. Date Time Topic Venue 11/01/2011 (Tue) 7.00pm 8.00pm Learn to Trade Gold, Forex and Stock Indices Professionally Raffles City Tower Level 7 13/01/2011 (Thu) 7.00pm 8.00pm Swing Trade with
      104 words

  • Page 9 Advertisements
    • 44 9 c --r"> c I I J v. C 1 1 V" FIND THE ONES THAT FIT! Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg to advertise. rxJ V "7 I I 1 S 'rU V 1 C -v
      44 words

  • Page 10 Advertisements
    • 1840 10 COSMOSTEEL HOLDINGS LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fifth Annual General Meeting of Cosmosteel Holdings Limited (the“Company”) will be held at Shan Shui Palace, 450 Jalan Ahmad Ibrahim, Raffles Country Club, Singapore *****2 onThursday, 20 January 2011 at 10 a.m. to transact the following
      1,840 words
    • 11 10 CATS Recruit The first door to your world of opportunities CLA/AUG06/g
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  • SINGAPORE NEWS
    • 489 11  -  Lower levels of new orders and export orders contribute to dip in PMI By TEH SHI NING SINGAPORE’s manufacturing economy grew a third straight month in December but at a slower rate, going by the latest purchasing managers’ index (PMI). This means that industrial
      489 words
    • SINGAPORE ROUNDUP
      • 89 11 SHIKI Niseko, an iconic and luxurious ski resort in Hirafu village, Japan, will launch in Singapore on Jan 8-9, 2011, at Hilton Hotel’s Indonesia Room. Designed by Australian firm DBI Design, Shiki Niseko is positioned as a four season destination, offering a host of activities
        89 words
      • 82 11 SWISS private banking group Julius Baer is the principal supporter of Jane Lee in her attempt to be the first South-east Asian woman to scale the highest summit on each of the seven continents. An accomplished Singaporean mountaineer, Jane Lee has already successfully conquered Mount
        82 words
    • 294 11 THE upcoming medical school in Nanyang Technological University (NTU) will receive a $150 million gift from the Lee Foundation, amounting to a total of $400 million with the enhanced matching offer by the Singapore Government. The gift will establish two endowment funds, each worth
      294 words
    • 171 11 Rajah Tann sets aside charity funds RAJAH Tann announced yesterday that it will commit at least $200,000 of their profits every year to social causes here. The funds are to be disbursed through the newly set up Rajah Tann Foundation, which will be administered by the Community Foundation of Singapore
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    • 570 11  -  KPMG recommends moves to make S’pore attractive BUDGET WISHLIST By TEH SHI NING MAKING Singapore a more attractive centre for wealth management and innovation in green technology are among the measures that KPMG hopes Budget 2011 will provide. Alongside calls to spruce
      570 words
    • 295 11  -  By NISHA RAMCHANDANI CHEW Choon Seng, chairman of the Singapore Exchange (SGX), has been appointed chairman of the Singapore Tourism Board (STB), taking over from Temasek Holdings’ executive director and president Simon Israel. Two new members have also been appointed to STB’s board,
      FILE PHOTO  -  295 words
  • Page 11 Advertisements
    • 29 11 1 n FIND THE ONES THAT FIT! X -X i A Recruit the right people through CATS Recruit. Call 1800 289 8822 or email —x recruit@sph.com.sg to advertise. rU
      29 words
    • 251 11 CII Confederation of Indian Industry Since 1895 IBEF Department of Commerce INDIA BRAND EQUITY FOUNDATION HIGH COMMISSION OFINDIA,SINGAPORE Ministry of Commerce Industry www.ibef.org Government of India The India Show Land of limitless opportunities Suntec International Convention Exhibition Centre, Singapore 14-1 6 Jan 20 I I 11 000 Hrs I 800
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  • ECONOMY WATCH
    • 552 12 Net-long positions were up 4.6% in the seven days ended Dec 28 Bloomberg [NEW YORK] Hedge funds raised bullish bets on crude oil to the highest level in more than four years on speculation that futures will climb as the US
      Bloomberg  -  552 words
    • 398 12 Reuters [NEW YORK] Almost 300 economists have signed a letter to the American Economic Association “strongly” urging it to adopt a code of ethics requiring disclosure of potential conflicts of interests. The 135-year-old American Economic Association, or AEA, does not have a
      Reuters  -  398 words
    • 416 12 Current market state looks like mirroring that at end-2004 Bloomberg [NEW YORK] The Standard Poor’s 500 Index will rally back up to “mid-2008 levels”, in part because conditions resemble those at the end of 2004, when shares gained almost three more years, said
      Bloomberg  -  416 words
    • 507 12 Bloomberg [SEATTLE] US office landlords had the first net increase in occupied space in three years in the fourth quarter, a sign the market is beginning to recover, said Reis Inc, a New York-based property research firm. Office buildings added
      Bloomberg; BLOOMBERG  -  507 words
    • 487 12 Reuters [BANGKOK] Thai government measures to encourage consumption plus the country’s strong economic growth in 2010 will increase inflationary pressures this year and the central bank will have to act to contain them, its governor said. Prasarn Trairatvorakul told the
      Reuters  -  487 words
    • 450 12 Data points to its problems with a rising currency AFP [BRASILIA] Brazil’s 2010 trade surplus slipped nearly 20 per cent to its lowest level in eight years as surging imports caught up with record exports, trade ministry figures released on Monday showed. The
      AFP; REUTERS  -  450 words

  • MALAYSIA
    • 544 13 Sime Darby registers the biggest gain of 5.5% in the sector By PAULINE NG in Kuala Lumpur SHARES of plantation companies rose yesterday on expectations that a seasonal decline in crude palm oil (CPO) production coupled with robust demand would keep prices
      BLOOMBERG  -  544 words
    • 327 13 Bernama [KUALA LUMPUR] Proton Holdings expects to finalise strategies to expand its business in India’s motor vehicle market by the first quarter of this year. Group managing director Syed Zainal Abidin Syed Mohamed Tahir said that Proton has identified the local original equipment
      Bernama  -  327 words
    • 440 13  -  Exports grow 5.3% in Nov from a year ago; trade surplus jumps to RM9b By S JAYASANKARAN in Kuala Lumpur MALAYSIA’S inflation continued to remain benign, coming in at 2 per cent in November the same rate as in October though,
      CITIGROUP  -  440 words
  • Page 13 Advertisements
    • 176 13 Brandon Liu Chief Executive Officer (Enterprise Solution) SCA Creative Group Pte Ltd my paper Executive Look 2010 Winner W0. |k I W 1 I Organiser mypaper mm A publication of sph hTC i Official Hair and Salon Now in its fourth year, my paper Executive Look presents urban executives with
      176 words

  • GREATER CHINA/INDIA
    • 633 14 Tension between Beijing seeking sustainability and local cadres chasing growth Reuters [BEIJING] Chinese provinces, from northeastern Heilongjiang to southwestern Yunnan, have set ambitious growth targets for this year and into the future, challenging the central government’s goal of reshaping the economy along more sustainable
      Reuters  -  633 words
    • 438 14 Many flights from airports have also been delayed Reu ters [BEIJING] Freezing rain has pummelled parts of southern China in the past few days, paralysing traffic and straining power networks in some areas ahead of the vast migrations of people for the Chinese
      Reuters; XINHUA  -  438 words
    • 187 14 Bloomberg [NEW DELHI] Power Finance Corp, a state-owned lender to Indian utilities, is seeking bids from banks by Jan 14 for a stake sale as part of a government plan to raise funds for infrastructure projects. The government, which owns 89.78 per cent
      Bloomberg  -  187 words
    • 151 14 Reuters [PARIS] India would like French companies to help develop its fast-growing motorway network, India’s minister for road transport Kamal Nath said in an interview with French daily Le Figaro published yesterday. India’s government, under pressure to ramp up the country’s infrastructure
      Reuters  -  151 words
    • 604 14 Public interest suit alleges deal caused loss to government AP [NEW DELHI] Indian officials are investigating whether Kraft Foods evaded taxes in its US$19 billion takeover of Cadbury last year. India’s ministry of finance is examining Kraft’s tax liabilities related to the
      AP  -  604 words
    • 241 14 Reuters [BEIJING] Qilu Bank, a small Chinese bank that is 20 per cent owned by the Commonwealth Bank of Australia, is being investigated for its part in a commercial paper fraud of up to 1.5 billion yuan (S$291.8 million), local media reported yesterday. Police in
      Reuters  -  241 words
  • Page 14 Advertisements

  • WORLD
    • 678 15 Retailers warn the increase could put the brakes on consumer spending AFP [LONDON] Britain’s standard rate of sales tax, or VAT, increased to 20 per cent yesterday in one of several moves to slash a record public deficit, but
      AFP  -  678 words
    • 753 15  -  By ANTHONY ROWLEY in Tokyo JAPANESE Prime Minister Naoto Kan yesterday promised strong political leadership in 2011 by calling for cross-party agreement on controversial tax reforms by June of this year, while promising that his government would reach a decision by mid-year on
      REUTERS  -  753 words
    • 415 15  -  By LEE U-WEN IF you rely primarily on your iPhone to wake you up in the morning, it may be time for a back-up plan. Despite Apple’s promise that the alarm clock bug that has troubled thousands of users worldwide would be fixed
      415 words
    • 411 15 Gains in demand for capital equipment lead unexpected rise LATEST US DATA Bloomberg [WASHINGTON] Orders placed with US factories unexpectedly rose in November, led by gains in demand for capital equipment that signal business investment and exports will keep contributing to economic growth. The
      Bloomberg  -  411 words
    • 500 15 Reuters [BRUSSELS] Hungary’s EU presidency, already clouded by a press freedom row, stumbled further on its first working day when the European Commission said it was investigating the legality of “crisis taxes” imposed by the centre-right government. The Commission said on Monday
      Reuters; AFP  -  500 words
    • 258 16/17 Bloomberg [ATHENS] Confidence among chief financial officers at major UK companies rose in the fourth quarter of last year on optimism over expansion abroad, a survey by Deloitte LLP found. Sixty-one per cent of respondents said that countries outside the UK
      Bloomberg  -  258 words
    • 468 16/17 Analysts are watching this week’s reports for changes to sales and profit forecasts Reuters [NEW YORK] US retailers should post another month of strong sales gains for December, capping their best holiday season since 2007, amid doubts that shoppers will keep spending
      Reuters; PHOTO: AP  -  468 words
    • 216 16/17 AFP [ATHENS] Archaeologists on the Greek island of Crete have found startling evidence that early humans could navigate across open water thousands of years earlier than previously thought, officials said on Monday. A team of US and Greek archaeologists reached that conclusion
      AFP  -  216 words
    • 466 16/17 About 1.53m petitions filed last year; full-year total is highest since the 2.04m chalked up in 2005 Reuters [NEW YORK] The number of US consumers who filed for bankruptcy protection in 2010 was the highest in five years, and the figure could
      Reuters  -  466 words
    • 361 16/17 Bloomberg Call to level playing field by giving same exemptions to domestic operators +[MELBOURNE] Myer Holdings and David Jones, Australia’s biggest department stores, are helping fund a campaign against sales-tax exemptions for purchases worth less than A$ 1,000 (S$ 1,300) from overseas websites. All
      Bloomberg; BLOOMBERG  -  361 words
    • 564 16/17 AP [LONDON] He could have stayed in teaching. That’s what his parents wanted: it was the safe, secure route for a young man with work-ing-class roots and a face few would describe as handsome. But Pete Postlethwaite wanted more. He wanted to pursue his passion
      AP; PHOTOS: REUTERS, AP  -  564 words
    • 910 16/17 But it will be an uphill battle in a culture where use of cash is deeply rooted Bloomberg [MILAN] Cash is king in Italy, a lesson Massimiliano Romano learned when he tried to pay for a cab with a credit
      Bloomberg  -  910 words
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  • Page 16/17 Advertisements
    • 129 16/17 www.vw.com.sg f The new Phaeton. r A Luxury is in the details. 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 make up the new Phaeton
      129 words

  • EDITORIAL & OPINION
    • 461 18 EDITORIAL OPTIMISM that China has finally come to grips with inflationary pressures and may go slow on further tightening measures helped lift Asian and global markets on the first trading day of the new year. But it is far from clear whether the threat
      461 words
    • 746 18  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator AFTER behaving in an assertive, sometimes arrogant, fashion through most of 2010, when it at various times took on the United States, Europe and Japan, there are signs that
      746 words
    • 970 18  -  Success of the EU’s East European members in coping offers lessons for older members By ANDERS ASLUND [KIEV] Anders Aslund, a senior fellow of the Peterson Institute for International Economics, is the author of ‘The Last Shall Be the First: The East
      Project Syndicate; REUTERS  -  970 words
    • 1348 19  -  India’s interaction with the EU as an entity has lacked the credo that its other bilateral ties go by By SUVI DOGRA The author is a research associate with the Institute of South Asian Studies (ISAS) in the National University of Singapore (NUS).
      REUTERS  -  1,348 words
    • 896 19  -  MATTHEW LYNN The writer is a Bloomberg News columnist and the author of ‘Bust’, a book on the Greek debt crisis. The opinions expressed are his own Bloomberg WHAT’S the biggest financial decision facing Europe in 2011? Easy. The choice of a new president
      Bloomberg  -  896 words


  • Transport HUB
    • 1021 20  -  Among the many issues, 2011 looks like a crucial time for setting the industry’s green agenda for many years to come STRAIT TALK By DAVID DAVID HUGHES THE shipping industry faces a labour supply under threat, piracy without a visible end in sight, new construction
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    • 1180 20  -  By CHRISTIAN P NIESWANDT The author is the head of Shipping Origination International, HSH Nordbank THE global recovery has been much stronger than most pundits expected. However, as the effect of stimulus policies and inventory restocking are abating, the recovery is set to lose steam
      AP FILE PHOTO  -  1,180 words
    • TRANSPORT HUB: AVIATION
      • 507 21 Bloomberg [LONDON] Cathay Pacific Airways Ltd, Hong Kong’s biggest carrier, is “reasonably confident” about 2011 as economic growth in China spurs travel and cargo demand. “The emergence of China as a travel market is going to be one of the big stories of the
        Bloomberg; BLOOMBERG  -  507 words
      • 112 21 AFP [LONDON] British no-frills airline easyJet said yesterday that it has agreed to buy 15 Airbus A320 single-aisle planes worth US$1.1 billion and has secured an option to buy another 33 jets. “easyJet plc today announced that it has reached agreement with Airbus to
        AFP  -  112 words
      • 747 21 It will disrupt trade flow and drive up product costs, say trading partners AP [WASHINGTON] An Obama administration proposal aimed at preventing air shipments of lithium batteries from causing fires in flight is drawing fierce opposition from some of the United States’
        AP  -  747 words
      • 584 21 NYT [ATLANTA] Although Delta Air Lines is a fixture in Atlanta, that’s not so for some other cities. Several in the US south-east are losing Delta flights, and they’re lobbying the carrier to keep them. Delta announced this fall that it
        NYT  -  584 words
      • 3315 21 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi KU6457 1230 SQ456 1245 SQ457 1230 EY470 2200 VA7470 2200 Adelaide LH9771 1745 9W4082 2220 SQ278 1745 AF8088 2220 VS7278 1745 BA7382 2220 JL5083 2220 MU8214 2220 QF82 2220 --LH9770 2350 SQ279 2350 VS7279 2350 Ahmedabad NH6293 0710 SQ531
        3,315 words
    • TRANSPORT HUB: LAND
      • 861 22  -  Premium car brands did well in 2010, despite the rise in COE premiums By SAMUEL EE BMW and Mercedes-Benz are not the only luxury makes that saw 2010 sales outpacing the general market most of the other premium brands also did well
        861 words
      • 574 22  -  Eurokars will also open a new service centre at Ubi Close By SAMUEL EE SAAB distributor Trans Eurokars expects the new 9-5 model to drive the Swedish marque’s return to the executive saloon segment here. “Being the first of a series of new
        ARTHUR LEE  -  574 words
      • 493 22 Reuters [PARIS/SEOUL] Asian and European car markets ended 2010 on a high, with South Korean carmakers predicting rising 2011 sales on US and China growth, while drivers flocked to bag the last scrapping bonuses in France. Carmakers are increasingly relying on
        Reuters  -  493 words
      • 656 22 Bloomberg [NEW YORK] US automobile sales may have continued at the fastest pace since 2009 in December, carrying the industry to its first annual increase since 2005. Total sales, set to be released yesterday, probably ran at an annual rate of 12.3 million
        Bloomberg  -  656 words
      • 269 22 AP [BANGKOK] Travellers in Bangkok can now check in their luggage when boardi n g t h e c i t y s train-to-the-plane for flights on certain Thai airlines, with most carriers opting out of the service for now. A high-speed train
        AP  -  269 words
  • Page 20 Advertisements
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    • 21 20 How to run a business without running out of ideas. January/Februaryissueoutnow! •Whyemployersholdontoolderworkers. •AninsiderlookintotheE50awards. •WhatHollywoodtaughtScanteakaboutbranding. •EntryandexpansionguideforSME’ssettingtheirsightsonregionalexpansion. •Trust:Amustorgobust. Copiesareonsale($6)atallpetrolstations(exceptCaltex)andleadingbookshops andcomewitha2011PurpleClickcalendarwhilestockslast. Tosubscribe($30forsixissuesdeliveredtoyourofficeorhome),pleasecall6388-3838. GetacomplimentarycopyifyouareaTNTclient,whilestockslast! Producedby
      21 words

  • Page 21 Miscellaneous
    • 355 21 CRYPTIC CROSSWORD Across 1 Celebrate tum and pert bust (7) 5 Worker almost loaded one’s difficult to control (7) 9 Parrot’s wild I tame it (7) 10 Charged wartime inmate with initially erroneous links to Communist (7) 11 Cruelly, lovely tin gets smashed (9) 12 Break hands, we hear (5)
      355 words


  • SINGAPORE STOCKS
    • 9153 23 Transaction date: Jan 4 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 3148 8Telecom 18.5 -0.5 230 19 18.5 18.5 19 1.7 9.8 5.9 88.6 12 4.5 5834
      9,153 words
    • 1732 24 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 1181 t AA Grp 5 4 5 27.8 4.8 225 130 6222 t APStrategic 200 +6 1 200 200 161
      1,732 words
    • 9434 24 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.35/ APS Alpha Fund (USD)!** 1.05/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM
      9,434 words
    • 892 24 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 111 -0.5 11 111 111 112 113 506.7 1056 761 CIMBAsean40 100US$ US1035 +8 192 1038 1032
      892 words
    • 258 24 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 6000 AVJennings A48 +0.5 1 48 48 49 52.5 3.6 7.3 3.8 125 55 16 6017 Genting HK US$ US46 -0.5 ***** 47.5
      258 words
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    • 66 23 FRANCK MULLER BOUTIQUE 01-07 ION ORCHARD (65) 6509 3380 B1-19 THE SHOPPES AT MARINA BAY SANDS (65) 6634 8825 SINCERE FINE WATCHES NGEE ANN CITY (65) 6733 0618 LUCKY PLAZA (65) 6737 4593 SUNTEC CITY (65) 6337 5150 THE SHOPPES AT MARINA BAY SANDS (65) 6634 9782 VIVOCITY (65) 6278
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  • FINANCE & COMMODITIES
    • 374 25 In local curr In S$ In US$ dy yr dy yr dy yr Jan 3 Index Change Change Change Change Change Change World Index Preliminary 906.5 1.0 8.9 0.9 0.9 0.7 10.3 EAFE Preliminary 806.0 0.6 2.7 0.2 -4.1 0.0 4.9 Europe Preliminary 1178.4 0.8
      374 words
    • 180 25 Jan 4 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 1/8 US$ 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
      180 words
    • 22 25 Jan 4 S$ Bid Offer 1-month 1.2873 1.2884 2-months 1.2873 1.2883 3-months 1.2873 1.2884 6-months 1.2873 1.2883 Source: OCBC
      22 words
    • 121 25 Jan 04 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.348 1.272 Can dollar 1.319 1.269 Euro 1.747 1.68 Sterling pound 2.026 1.949 NZ dollar 1.022 0.974 US dollar 1.305 1.255 Local dollars to 100 units of foreign
      121 words
    • 27 25 Jan 4 Open High Sett STI Jan 3250 SIMSCI Jan 381.4 383.8 383.3 Taiwan Jan 320.1 321.5 318.4 Source: MF Global (S) Pte. Ltd
      27 words
    • 65 25 Jan 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 11 3847 3907 3900 3836 81 2484 Feb 11 3840 3913 3925 3840 617 ***** Mar 11 3824 3888 3905 3806 7253 ***** Apr 11 3810 3863
      65 words
    • 424 25 Jan 4 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.6350 0 3358 Jun11 99.5450 0 904 Sep11 99.4250 0 1035 Dec11 99.2450 0 336 EUROYEN TIBOR FUTURES Mar11 99.6525 99.6550 99.6525 99.6550 0 2059 Jun11 99.6400 0 1389 Sep11 99.6425 99.6450 99.6425 99.6250 0 1064
      424 words
    • 137 25 Jan 4 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Feb 11 515.7 510.0 515.7 6 Mar 11 510.0 510.0 512.0 24 Apr 11 511.0 511.0 512.5 10 May 11 511.0 511.0 513.0 10 Jun 11 511.0 511.0 513.0
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    • 90 25 Jan 4 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 07.04.2011 0.38 0.33 0.33 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 103.49 103.53 103.49 5-Year N*****0S 2.875 01.07.2015 106.58
      90 words
    • 107 25 Jan 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 11 1370.25 1393.75 1399.50 1367.00 Mar 11 1379.00 1403.00 1409.00 1375.00 May 11 1387.00 1409.00 1415.50 1382.50 Jul 11 1390.25 1411.50 1418.00 1386.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 11 57.09
      107 words
    • 77 25 CRUDE OIL PRODUCTS Jan 3 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 95.91 3.29 WTI (Near Mth) 91.68 0.35 Dubai (1-Mth F) 92.15 2.80 Tapis blend 100.50 2.85 Minas 96.30 2.85 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 95.81 unch Jet Kerosene 104.30 unch US$/barrel Opec Oil
      77 words
    • 2402 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 33 -1 120 1 10 -7 1.39 58 6221 Asia-Pacific Strat W*****6 35.5 1.5 1 1 150 -7 5.63 40 6227 ASJ Hldgs W*****1 2 1
      2,402 words
    • 464 25 Jan 4 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.001 6.650 0.754 7.819 45.151 90.367 0.827 11.286 3.084 1.309 86.137 43.979 1.296 6.691 0.947 29.343 30.260 0.650 1.006 Canada 0.999 6.646
      464 words
    • 85 25 Jan 4 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • 139 25 Jan 4 GOLD (US$/oz) Jan 03 Jan 04 Hong Kong 1420.00 1412.00 Jan 03 Dec 31 London 1418.31 1417.24 1419.08 1418.01 Source: Thomson Reuters CAST BAR Jan 04 (S$) Selling Buying Kilobar 62,878.55 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 141 59 5gm 400 293 10gm 714
      139 words
    • 71 25 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$/tonne)
      71 words
    • 82 25 Dec 31 COCOA (£/tonne) Close Prev High/Low Mar 11 2017 2023 2044/2001 May 11 2029 2034 2048/2013 Jul 11 2044 2047 2052/2030 Sep 11 2050 2054 2054/2053 COFFEE (US$/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
      82 words
    • 154 25 Jan 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2950 1.2966 1.0059 1.0064 Canadian dollar 1.2943 1.2958 1.0053 1.0057 Euro 1.7170 1.7190 1.3337 1.3342 NZ dollar 0.9890 0.9904 0.7682 0.7687 Sterling pound 1.9923 1.9943 1.5475 1.5479
      154 words

  • 5784 26 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination DING XIANG HAI Camden/New Orleans/Tampico *Loads
    5,784 words
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  • executive Money
    • 479 28 Luxury and prestige goods, in particular watches, is a sector that investors could put their money in. A fund manager explains why Reuters [FRANKFURT] THE market for prestige and luxury goods will likely boom in 2011, and the stability, strength and brand recognition of watches will
      Reuters; BLOOMBERG  -  479 words
    • 623 28 Investors optimistic over continuing fund flows into Asia Reuters [HONG KONG] High-yield credits were in the spotlight after a wave of strong economic data stoked hopes investment flows into Asia will continue after last year’s record rush. The rally is encouraging companies in
      Reuters  -  623 words
    • 1493 29 Amid signs the US economy is improving, fixed-income investors turn to convertibles as stocks rise and Treasuries fall Bloomberg Bloomberg [NEW YORK] PACIFIC Investment Management Co and Loomis Sayles Co are betting convertible debt will rally as stocks rise and Treasuries fall. Bonds that
      Bloomberg – Bloomberg; AFP  -  1,493 words
    • 596 30 The equity fund is holding short positions on Indian telcos and sectors dependent on favourable govt policies like oil and gas Reuters SINGAPORE-BASED Indian equity fund Helios Strategic is betting on lenders such as HDFC Bank, despite a strong run-up last year, though it continues
      Reuters; BLOOMBERG  -  596 words
    • 421 30 Withdrawals caused by worst cash crunch in 10 years Bloomberg [MUMBAI] Assets under management at Indian mutual funds fell 5.2 per cent in the quarter ended Dec 31 from the previous three months as the worst cash crunch in 10 years sparked withdrawals
      Bloomberg; REUTERS  -  421 words
  • Page 28 Advertisements
    • 445 28 YOUR CUSTOMIZED PORTFOLIO fci File Layout Settinys Q Help Tools Quotes licker Trade 6018-2654 PETHK5 TEST.. Using Settled Cash Using Unsettled Cash Today's Realized Gain $0.00 $0.00 $0.00 P tT f ijt ill —ti L_ [1| POWTRSHARES QQQ TR 6048 2854 /lew: Quota Montage Find Symbol: P Symbol Last Trade
      445 words

  • Page 29 Advertisements
    • 53 29 How to run a business without running out of ideas BUMPER ISSUE WITH ESQ SUPPLEMENT MAGAZINE J i Tnt big broadband bang bPRi January/February issue out now! Available at all petrol stations (except Caltex) and all major bookstores To subscribe ($30 for six issues delivered to your office or home),
      53 words
    • 1451 29 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding Up) OS No. 100 OF 2010) In the Matter of the Companies Act, Cap 50 and In the Matter of SINGWIN SERVICES PTE LTD (In Liquidation) Reg No.: *****5046M NOTICE OF MEETING
      1,451 words

  • Page 30 Advertisements
    • 178 30 Success is not a destination. It's a Journey. Best Private Bank FinanceAsia Awards 2010 Private Bank of the Year Asia Risk Awards 2010 Best Wealth Management House in Asia The Asset's 2010 Triple A Investors and Wealth Managers Awards Best Global Private Bank The Banker and Professional Wealth Management (publications
      178 words