The Business Times, 10 January 2011

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Total Pages: 28
1 28 The Business Times
  • 22 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Monday, January 10,2011
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  • 673 1  -  Manager of project awaiting review of IPO application By LYNETTE KHOO [SINGAPORE] Singapore’s flagship project in China, Suzhou Industrial Park (SIP), isn’t coming home for a listing after all. The company that manages the bilateral project, China-Singapore Suzhou Industrial Park Development Group Co Ltd
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  • 157 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 3,261.35 +71.31 KL COMP 1,572.21 +53.30 NIKKEI 225 10,541.04 +312.12 HANG SENG 23,686.63 +651.18 SET INDEX 1,036.45 +3.69 JAKARTA COMP 3,631.45 -72.06
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  • 848 1  -  Some 800,000 sq ft of fresh retail space in pipeline on top of last year’s 1m sq ft By UMA SHANKARI [SINGAPORE] Rents at Singapore’s suburban malls which shot up in 2009 and 2010 and narrowed the gap with Orchard Road rents to
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  • Page 1 Advertisements
    • 51 1 BizIT S’pore security software market set to grow 7% PAGE 28 BUDGET TALK Top wishes for 2011 I VIEWS FROM THE TOP, PAGES 10-11 COMMENTARY A 2011 wishlist for the S’pore market: Part 2 I PAGE 5 YOUNG INVESTORS' FORUM Securing the job that fits you I PAGE 12 *****1
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    • 10 1 ENTERPRISE PCs Thin is the way to go PAGE 27
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    • 165 1 BOND MARKETS Singapore and the region off to a rousing start PAGE 4 IHE PILOT'S WATCH No other watch is engineered quite like a Rolex. The GMT-Master, introduced in 1955, was developed in collaboration with Pan Am to meet the needs of their international pilots. The GMT-Master II has proved
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    • 10 1 DINING OUT New restaurants at Raffles Place, Binjai Park PAGE
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  • TOP STORIES
    • 407 2  -  By MARGARET DOYLE REUTERS BREAKINGVIEWS IT MAY BE time to sell the family silver. The white metal’s price has trebled in the past year, rising so sharply that London antique dealers are now buying Edwardian cutlery for scrap. Bulls point to the perils of paper money, and
      REUTERS  -  407 words
    • 1086 2  -  Citigroup, Goldman latest sell-side firms to forecast stronger profits this year WALL STREET INSIGHT By ANDREW ANDREW MARKS in New York THE December employment report may have disappointed economists and investors alike, many of whom were looking to the key jobs data released
      AP  -  1,086 words
    • 634 2 New supply to cap suburban mall rentals RENTS at Singapore’s suburban malls which shot up in 2009 and 2010 and narrowed the gap with Orchard Road rents to a historic low of 3.6 per cent are expected to grow at a slower pace over the next few years
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    • 784 4  -  Corporates actively prepare for issues amid still-strong investor appetite By SIOW LI SEN [SINGAPORE] The Singapore bond market, along with others in the region, has got off to a rousing start for the year, with corporates actively preparing for issues amid still-strong investor appetite, bond
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    • 97 4 LIVERPOOL’s manager Kenny Dalglish (right) and coach Sammy Lee watching their FA Cup soccer match against Manchester United at Old Trafford in Manchester, northern England yesterday. Dalglish, who was appointed manager on Saturday until the end of the season by Liverpool’s American owners after Roy
      REUTERS  -  97 words
    • 485 4  -  It expects prices of high-end units to rise 10-15% this yr By UMA SHANKARI [SINGAPORE] Property group CapitaLand will launch around 1,700 new homes in Singapore this year as it plans to ride on an expected 10-15 per cent growth in high-end home
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  • Page 2 Advertisements
    • 125 2 Taxing times ahead? Maybe not. The why and how of personal tax compliance 14 January 2011 I V I l\* i, pwc As an employer, you are obliged to report your employees' remuneration details accurately and on time. 2011 also marks the mandatory start of the Auto-Inclusion Scheme for businesses
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  • Page 3 Advertisements
    • 134 3 Name School Score Alex Tan Rosyth School 282 Fu Wan Ying Tao Nan School 279 ‘Aqilah Mohd Zulkarnain Coral Primary School 278 Sheldon Tan Rosyth School 278 Zhang Wen Han Pei Chun Public School 278 Seah Wen Xin Red Swastika School 278 Justin Lim SJI Junior 277 Alexander Yean ACS
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  • Page 4 Advertisements
    • 12 4 Sd/-(D.N Narasimha Raju) Joint Secretary to the Government of India E-mail: jse.png@sb.nic.in
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    • 108 4 PERMANENT RESIDENCY IN THE USA FOR FOREIGN INVESTORS CALIFORNIA IMMIGRATION SERVICE CENTER (CAISC) CAISC enables clients of all nationalities obtain permanent residency (Green Card) in the USA through the EB-5 investor program. This program has been created by the United States to attract entrepreneurial immigrants with the purpose of investing
      108 words
    • 21 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.
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  • COMPANY NEWS
    • 586 5  -  Banks, commodity plays, offshore and marine companies set to post solid results By FELDA CHAY MORE than 500 Singapore Ex-change-listed companies are due to announce their financial results for the year ended Dec 31, 2010, in the coming few weeks, and analysts are expecting
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    • 403 5 Jan 7 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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    • 847 5  -  HOCK LOCK SIEW By R SIVANITHY IN a recent column titled “A 2011 wishlist for the Singapore stock market” (Hock Lock Siew, BT Jan 5) we presented a few changes/ improvements we’d like to see that might enable the local market
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    • 1316 7  -  UNTICKING THE BOX By NA BOON CHONG, GRACE WU EVERYeffec-tiveteamworkingto-gether should conduct aperiodic review to take stock on how it is progressing: does it still have the right skillsets to tackle the challenges ahead; does it have the right information to work with; is
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    • 262 7 COMPANY MEETING PLACE DATE TIME Hisaka Hldgs A 63 Sungei Kadut Loop Hisaka Ind Building Singapore *****4 10-Jan 3.00pm Lian Beng Grp E 25 Playfair Road, Lian Beng Building, Singapore *****0 12-Jan 10.00am IDT Hldgs E Meeting Room 310 Level 3, Suntec S'pore Intl Convention Exhibition Centre 1
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    • 308 7 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 Etika Intl ak 1.250 27-Jan
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  • Page 5 Advertisements
    • 169 5 I am someone who entrusts my wealth only to those closest to me k. rOvC u H H r N o r mow m r' s sSS -i ;rr a Safest Bank in Asia Gktbal 2009 2010 FINANCE DBS f Your Asian Wealth Manager we are Asia's wealth expert that's
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  • SINGAPORE MARKETS
    • 638 6  - Outlook OK with nice momentum for now STOCKS R SIVANITHY Senior Correspondent MOMENTUMplays a powerful role in the stock market and clearly, the momentum of the past week was positive. Aided by several “overweight” calls from brokers, the Straits Times Index managed rises on four of five trading days and
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    • 507 6 in demand, Asian units down CURRENCIES Bloomberg [BANGKOK] Asian currencies last week had their biggest weekly loss in more than a month, led by the Indian rupee and Thai baht, as further signs that the US economic recovery is on track bolstered demand for the greenback. China’s yuan had its
      Bloomberg  -  507 words
    • 1497 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 2.58 12 10.81 11.01 1.39 1.19 ARA Asset Mgt 2.25 2.25 4 8.23 19.94 1.69 1.64 Armstrong Ind 1.00 1.00 3 5.00 8.70 0.54
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    • 4 6 WEEKLY
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    • 66 6 Jan 7 VALUE CLOSE BT OB/OS 939.00 -81.00 BT CADI -*****.00 -51.00 BT 10-day MA -*****.00 +94.00 FTSE ST Mid Cap 823.63 -4.02 FTSE ST Small Cap 621.75 -1.14 FTSE ST All Share 810.78 -4.27 FTSE ST China Top 306.12 -0.81 FTSE ST China 334.07 -0.99 FTSE
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    • 54 6 VOLUME Genting SP 351,191,000 BerlianLaju 330,277,000 Golden Agri 301,527,000 LeaderEnv 278,709,000 TopGlobal 262,288,000 ChinaGaoxian 196,679,000 GLP 192,087,000 XinRen 179,502,000 Noble Grp 169,482,000 RafflesEdu 155,004,000 VALUE($) Genting SP 779,551,660 Wilmar 552,930,721 DBS Grp 492,385,201 UOB 419,720,345 GLP 416,933,376 Noble Grp 385,077,290 CapitaLand 342,779,567 Golden Agri 244,126,660 OCBC Bk
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    • 520 6 COMMODITIES AFP [LONDON] Copper prices hit record peaks and oil futures reached the highest levels for two years as investors reacted to solid US economic data in the first trading week of 2011. Official figures published last Friday showed US unemployment fell
      AFP  -  520 words
    • 110 6 BY CENTS CLOSE UP DBXT AUDMM 5US$ *****1182.0 5.0 IS S&P500 ***** 193.1 1.2 JMH 4500 129.6 2.3 DBXT MSKorea 10US$ 6055 125.7 1.6 UOB 1944 124.0 6.8 DBXT DBCBDJUBS 10US$ 3706 105.0 2.2 DBXT MSEurope 10US$ 4465 102.4 1.8 DBXT MSAsExJp 10US$ 3396 101.1 2.4 IS MSCI Spore
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    • 131 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-628.6 -3.5 GLD 10US$ *****-557.3 -3.1 DBXT AUDMM 5SG$ *****-166.0 -0.7 DBXT SPASX200 10US$ 3342-150.3 -3.4 DBXT MSINDO 10us$ 1337 -75.2 -4.2 DBXT S&P Short 10US$ 4466 -72.6 -1.2 DBXT MSTaiwan 10US$ 1962 -57.0 -2.2 OCC 3.93% NCPS10 9550 -48.0 -0.5 IS
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    • 5 6 WEEKLY
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    • 158 8 One-year top losers Reyphon Agriceutical 0.130 23.8 26,000 Advance SCT 0.050 11.1 4,150 China Oilfield Tech 0.180 9.1 12,780 China Energy 0.135 8.0 5,535 Sunshine 0.070 7.7 14,000 Jiutian Chemical 0.085 6.3 7,650 Cosco 2.260 5.6 13,560 Mirach Energy 0.095 5.6 9,500 China Auto Electronics 0.100 5.3
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    • 169 8 JAN 7 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE Goodpack 2.230 9.9 11,150 Li Heng 0.245 8.9 4,900 CSE Global 1.400 7.7 9,800 Lippo-MapleT 0.565 6.6 9,040 Noble Group 2.290 5.5 24,774 The Hour Glass 1.060 5.0 9,540 Rotary Engineering 1.060 5.0 16,960 Sino Techfibre 0.115 4.5 4,370
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    • 416 8  -  TEH HOOI LING Senior Correspondent THE momentum from the last week of 2010 carried forward to the first week of 2011. Our portfolios climbed an average of 2.8 per cent last week, again outpacing the 2.2 per cent chalked up by the
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    • 156 8 sentiment JAN 7 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE Sunvic Chemical 0.725 16.9 21,750 Goodpack 2.230 9.9 8,920 China Energy 0.180 9.1 8,100 Bright World 0.545 9.0 10,355 Hi-P 1.090 7.9 14,170 Dairy Farm 12.597 5.4 12,597 Chemoil Energy 0.454 3.4 13,166 FSL Trust 0.475
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    • 172 8 JAN 7 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE TT Int'l 0.035 16.7 1,575 CWT 1.140 14.6 13,680 Poh Tiong Choon Logistic 0.440 11.4 12,760 Stamford Land 0.700 10.2 12,600 UOB-Kay Hian 1.930 9.0 9,650 MFS Technology Ltd 0.180 5.9 4,860 Transpac Indl 1.930 5.5 5,790 Rotary Engineering
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    • 161 8 JAN 7 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE CWT 1.140 14.6 15,960 Li Heng 0.245 8.9 4,900 China Sports 0.125 8.7 3,625 Dapai 0.220 7.3 5,940 Straits Asia Resources 2.670 7.2 13,350 Pacific Andes 0.380 5.6 25,840 Hupsteel 0.225 4.7 6,975 Sino Techfibre 0.115 4.5 4,370 JES
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    • 172 8 JAN 7 ‘11 BID PRICE VALUE WEEK-ON-WEEK CHANGE United Fiber System 0.050 25.0 4,500 Samudera Shipping 0.245 6.5 7,350 Pacific Andes 0.380 5.6 19,000 Rickmers Maritime 0.410 5.1 4,100 Sino Techfibre 0.115 4.5 4,370 Auric Pacific 0.675 3.8 4,050 Anwell Tech 0.505 3.1 8,383 Metro 0.885 2.9
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    • 1366 8  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director at Asia Insider Ltd DIRECTORS got off to a fast start in the New Year with 17 companies that recorded 38 purchases worth $8.9 million versus 11 firms
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  • Page 7 Advertisements
    • 134 7 Are you evolving as fast as today's markets? iShares Keep evolving Issued by BlackRock (Singapore) Limited (co. registration no. *****0143N). Investment involves risk, including possible loss of principal. Before investing, investors should read the relevant iShares Fund's prospectus (available on www.ishares.com.sg) carefully including the investment objective and risk factors relating
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  • SINGAPORE NEWS
    • 822 9  -  Local firms should go in early for bigger long-run gains, says PM Lee By LEE U-WEN FOR the longest time, mega-cities such as Beijing, Shanghai and Shenzhen were the pillars of China’s red-hot economic growth. But as business costs in these cities continue to
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    • 322 9  -  By ARTHUR LEE FILL a feedback form and help others see that’s the aim of Standard Chartered’s “A Thousand People Will See” service initiative which will run from today till March 31, 2011. Under the programme, the bank aims to collect 50,000 sets
      ARTHUR LEE  -  322 words
  • Page 9 Advertisements
    • 113 9 j Ann Clarke Societe Generale Private Banking n A SB WE STAND BY YOU HELPING YOU PURSUE YOUR DREAMS "Whether acquiring a yacht or a luxury home, investing in art or supporting a good cause... each of my clients has a specific project that is close to their heart. To
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  • VIEWS FROM THE TOP
    • 3634 10 THIS WEEK’S TOPIC What items would you put at the top of your wish-list for Budget 2011? What would you like to see offered to businesses in particular, and why? David Leong Managing Director PeopleWorldwide Consulting Pte Ltd THE 2011 Budget represents an excellent opportunity
      STOCK.XCHNG  -  3,634 words

  • Page 11 Advertisements
    • 410 11 AS IAN M A T R Gourmet Culture Lifestyle Proudly Presented by AMERICAN EXPRESS "Wfe. fjf. U.MM5M Saigon Chic Date: 13 January Time: 7pm Venue: The Gallery, Grand Hyatt Singapore Dress Code: Smart Casual Price: S$1 78 per person (American Express Cardmembers' exclusive)* Enjoy a night of sexy Saigon Chic
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1068 12  -  Doing research and knowing job description and employer’s requirements are vital to succeed in job hunt, says KAMAL KANT KAMAL KANT The writer is a lecturer on career matters at a local university EACH year, thousands of students graduate with degrees in business, finance,
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    • 859 12  -  EDWIN LEONG recalls how a journey out of curiosity turned into an unforgettable and enriching experience CAMPUS LIFE EDWIN LEONG The writer is a third-year student from the Lee Kong Chian School of Business at Singapore Management University THE past two years at Singapore Management
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  • Page 12 Advertisements
    • 249 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 have
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  • Page 13 Advertisements
    • 719 13 imnmmtt rwo mi m AS IAN m M A T E R Gourmet Culture L Proudly Presented by MflHHXIiliniHHil} V AMERICAN EXPRESS H JJ1 y?: I ana ill 7 fa* m Rang Mahal Pavilion Lunch Dinner A Month-long Celebration of Asia's Cuisine, Culture and Lifestyle 3 30 January 2011 BBnngn||BffiiiuHUHH»n
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  • ECONOMY WATCH
    • 748 14 It is no longer bombs and missiles but cyberwarfare, corporate espionage and economic struggles Reuters [LONDON] From what France calls “economic warfare” as it probes a Chinese link to industrial espionage at Renault to currency confrontation and commodity rivalry, economic conflict
      Reuters  -  748 words
    • 507 14 NYT [DENVER] The Federal Reserve’s new effort to support the recovery by purchasing US$600 billion of Treasury securities will create about 700,000 jobs in the private sector, according to a new study by researchers at the central bank. The study amounts to
      NYT; AFP  -  507 words
    • 511 14 Reuters [WASHINGTON] US regulators are considering a three-tier, “red flag” approach to determine if banks are complying with a ban on proprietary trading included in the new financial reform law, according to a report published by the Financial Times. Regulators are
      Reuters  -  511 words
    • 690 14 NYT [NEW YORK] Welcome back to the financial forecast season. Updated predictions, laden with finely diced numbers and elegant charts, are rolling in once again. In the current Bloomberg survey, the consensus for 2011 is quite cheering. On average, Wall Street strategists say, the
      NYT  -  690 words
    • 395 14 Reuters [DENVER] A top IMF official has warned that the United States must start down a budget deficit-cut-ting path relatively soon or face crushing debt service costs as interest rates rise. “Time’s a-wasting”, John Lipsky, first deputy managing director of the International
      Reuters  -  395 words
  • Page 14 Advertisements

  • MALAYSIA/INDONESIA
    • 679 15  -  New highs were charted last week and by Friday, it had gained 4.5 per cent MALAYSIA INSIGHT PAULINE NG KL Correspondent MALAYSIA’Sstockmarketcouldn’thave asked for a better start to 2011. New highs were charted last week and by Friday, it had gained 4.5 per
      BLOOMBERG  -  679 words
    • 1956 15 VOL Jan 7 RM +/-(‘000) A M Realty 0.57 0.03 639 Abric Bhd 0.43 -0.02 208 Advance Synerg 0.22 unch 6085 Adventa Bhd 2.65 0.17 3393 Ae Multi Hldgs 0.42 -0.01 3360 Affin Holdings 3.39 -0.08 3280 Ahmad Zaki Res 1.23 unch 1941 Aic Corp 1.00 unch 13
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    • 341 15 -AFP [JAKARTA] A threat by Indonesia to curb BlackBerry smartphone services unless the company filters pornographic sites prompted a wave of angry protests online yesterday. The row is the latest in a series of controversies that BlackBerry maker Research in Motion (RIM) has
      -AFP  -  341 words
    • 593 15 Central bank hints at keeping interest rates at record low Bloomberg [JAKARTA] Indonesia’s core inflation may not exceed 5 per cent this year even as costlier commodities threaten to push con-sumer-price gains above 6 per cent, the central bank said,
      Bloomberg  -  593 words
  • Page 15 Advertisements
    • 134 15 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. FFFLFII JONES LANG lasalle STRATA I EN BLOC Real value in a changing world Rare Opportunity FH Strata Office in CBD One Finlayson Green jm fr tr r r«r»
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  • GREATER CHINA/INDIA
    • 369 16 But local movies face Hollywood blockbusters AFP [BEIJING] China’s film industry had a record year in 2010, grossing 10.17 billion yuan (S$2 billion) at the box office, but domestic movies struggled against Hollywood blockbusters, state media said. National box
      AFP  -  369 words
    • 417 16 However, inflation is still an issue the government faces Reuters [NEWDELHI] India’s economy is likely to grow between 9 and 10 per cent from the next fiscal year that starts from April 1, after growing 8.5 per cent in the current fiscal
      Reuters  -  417 words
    • 619 16 Bloomberg [MUMBAI] IGate Corp and Apax Partners LLP are close to buying a controlling stake in Patni Computer Systems Ltd, in the second-biggest takeover of an Indian technology company, two people with direct knowledge of the matter said. The founding
      Bloomberg  -  619 words
    • 630 16 Some action from the central bank needed, he says, if ‘prices continue to remain sticky’ Bloomberg [NEW DELHI] Persistent price gains may require an interest rate increase in India this month, Chakravarthy Rangarajan, the prime minister’s top economic adviser, said as
      Bloomberg  -  630 words
    • 414 16 Deal is China’s latest move to expand in the global agricultural chemicals market Reuters [TEL AVIV] China National Chemical Corp (ChemChina) signed an agreement to buy 60 per cent of Israel’s MA Industries in China’s latest move to expand in the global agricultural
      Reuters  -  414 words
  • Page 16 Advertisements

  • GOLDMAN SACHS
    • 1412 17 Conflict of interest uproar over sale of Facebook stock comes just as bank prepares to unveil new business standards Bloomberg [NEW YORK] JGroveilaimtatichaboohiUST as Goldman Sachs Group Inc prepares to unveil business standards aimed at improving its reputation after settling fraud charges last year,
      Bloomberg; BLOOMBERG  -  1,412 words
  • Page 17 Advertisements
    • 659 17 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com. IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF X-PRESS PUMORI PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NUMBER: *****6007D FINAL MEETING NOTICE is hereby given pursuant to Section 308 of the Companies Act, Cap. 50 that
      659 words
    • 540 17 ss RADIANCE GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****2428H) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that the Extraordinary General Meeting ("EGM") of Radiance Group Limited (the "Company") will be held at Suntec Singapore International Convention Exhibition Centre, Meeting Room 205, 1 Raffles
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    • 486 17 CRAFT PRINT INTERNATIONAL LIMITED (Company Registration Number *****1572K) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Craft Print International Limited (the "Company") will be held at 9 Joo Koon Circle Singapore *****1 on 25 January 2011 at
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  • WORLD
    • 722 18 Global prices hit record high in Dec; key grains may rise further, FAO warns Reuters [SEOUL] The world’s biggest economies are working to find ways to bring down soaring food prices, a G-20 official said, as top exporter Thailand vowed to keep rice
      Reuters; AP  -  722 words
    • 824 18 Federal, state investigators focus on banks’ methods NYT [PHOENIX] An array of federal and state investigations into the way banks foreclose on delinquent homeowners has contributed to a sharp slowdown in foreclosures across the country, especially in hard-hit cities like this one. Over the
      NYT; REUTERS  -  824 words
    • 377 18 Bloomberg [WILMINGTON, Delaware] A federal judge has rejected Washington Mutual Inc’s (WaMu) bid to end its bankruptcy and pay creditors more than US$7 billion, saying that the proposal guaranteed protection from lawsuits for too many parties. US Bankruptcy Court Judge Mary Walrath said
      Bloomberg  -  377 words
    • 419 18 AFP [BRUSSELS] Without a government for nearly seven months, Belgium now holds a dubious record in Europe and with no end in sight to the political crisis, fears are growing of a backlash from watchful markets. The divided country on Saturday broke the 208-day mark
      AFP  -  419 words
    • 578 19 It has to deal with rising inflation while battling solvency crises EUROZONE DEBT CRISIS AFP [FRANKFURT] Inflation is on the rise as the European Central Bank (ECB) tries to deal with diverging eurozone economic trends and China positions itself as
      AFP  -  578 words
    • 535 19 It needs to finance sovereign debt as well as extensive bank debt AFP [MADRID] A hangover has already set in on Spanish debt markets after a brief celebration over China’s promise to buy government bonds despite fears of a 2011 debt crunch. The rate that
      AFP  -  535 words
    • 453 19 President calls for basic measures to contain the disease AFP [SEOUL] South Korea confirmed three new cases of bird flu yesterday as the outbreak that began last month further hits farmers who are also battling the nation’s worst-ever outbreak of foot-and-mouth disease. The
      AFP  -  453 words
    • 398 19 Reuters [ARIZONA] US Congresswoman Gabrielle Giffords was battling for her life yesterday after an assailant shot her in the head and killed six others as she met constituents in Tucson. The 40-year-old Democratic lawmaker was in critical condition and doctors were cautiously optimistic she
      Reuters  -  398 words
    • 531 19 Reuters [LONDON] British Prime Minister David Cameron yesterday said that he wanted banks to award smaller bonuses and that he understood the public’s anger on the issue. “On the general, I want to see the bonus pool smaller than last year. On the
      Reuters; REUTERS  -  531 words
  • Page 18 Advertisements
    • 30 18 in a stateroom with balcony plus $100 onboard Dining Credit "V m° Log on to raveilers.c^m the ultimate travel resource by SPH (s/STAR CRUISESX The Leading Cruise Line In Asia-Pacific"
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  • Page 19 Advertisements
    • 141 19 LUXURY TOURS TRAVEL PTE LTD The Leading Operator Established 1985 W-T I "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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  • AVIATION/SHIPPING
    • 202 20 Reuters [ANKARA] Turkey may introduce new fees on tankers carrying oil and other commodities through its straits to reduce traffic on the busy and environmentally sensitive waterways, Energy Minister Taner Yildiz said last Friday. The government has said that it wants to
      Reuters  -  202 words
    • 496 20 Gladstone’s woes seen persisting for at least a couple of weeks Reuters [SYDNEY] Australia’s key coal port of Gladstone said yesterday that devastating floods have left it so short of coal that a queue of ships waiting to load would likely be
      Reuters; REUTERS  -  496 words
    • 521 20 Bloomberg [WASHINGTON] A Lockheed Martin Co air-traffic upgrade will cost US$330 million more and take three more years to complete after flaws were detected during the system’s first activation in 2010, the Federal Aviation Administration’s (FAA) deputy administrator said. Replacement of computers at
      Bloomberg  -  521 words
    • 421 20 Oversupply of capesize fleet adds to problems Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, fell to its lowest in over 20 months as mounting supply weighed on capesizes. Brokers said that floods in
      Reuters  -  421 words
    • 3255 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 Athens
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  • Page 20 Miscellaneous
    • 342 20 CRYPTIC CROSSWORD Across 1 Suffer delusions spreading lie at a lunch (11) 9 Model represented by artist with mother in sensational event(9) 10 End of election swamped by drink, producing movement in votes (5) 11 Enter little park beside old road (6) 12 One present being a support round nurse
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  • DINING OUT
    • 618 21  -  NEW RESTAURANT Platypus Test Kitchen #02-02 Clifford Centre 24 Raffles Place Tel: 8112-1194 $25 AND UNDER By Jaime Ee A QUICK lunch in the financial district doesn’t have to be limited to a hawker centre or a sandwich/salad bar, and office types in the area are
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    • 457 21  -  NEW RESTAURANT Peperoni Pizzeria 7 Binjai Park Tel: 6463-7800 By Jaime Ee NEIGHBOURHOOD dining in the Binjai Park vicinity has moved up a notch now that the Les Amis group has taken over a street-fac-ing coffeeshop and turned it into its second Peperoni pizza outlet.
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    • 322 21 The Business Times Weekend Treasures Dinner Contest ■m PfNNER FO$m, flfORTH $53SI? Available every Saturday, The Business Times Weekend recharges your mind with insightful news while its "Living" section refreshes your life with gourmet dining and other finest pursuits. To usher in the new year, we're treating 8 lucky readers
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  • SINGAPORE STOCKS
    • 9423 22 Week ended: Jan 7 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 19.5 +0.5 ***** 21 18.5 19.5 20 1.7 9.3 6.3 93.4 12 4.5 5834 A-Sonic
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    • 1852 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 $mil 7 4 1181 t AA Grp 5 4.5 5 27.8 4.8 225 130 6222 t APStrategic 173 -12 84 200 170 171
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    • 115 23 Stock name Close Change Stock name Close Change Stock name Close Change CapMallsAsia 1.890 -0.010 CapitaLand 3.880 -0.020 CapitaMall 1.990 +0.010 CityDev 12.740 -0.040 ComfortDelGro 1.590 -0.010 DBS Grp 14.900 +0.040 F&N 6.510 -0.010 Genting SP 2.220 Golden Agri 0.800 HK Land 7.240 -0.140 JMH 45.000
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    • 2644 23 Transaction date: Jan 7 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.50 0.08 0 Aeon Stores 15.90 0.08 10 Angang Steel 12.32 -0.06 7738 Anhui Conch 39.45 -0.15 ***** Anhuiexpresswa 6.84 -0.05 446 Asia Satellite 13.70 unch 0 Asm Pacific 97.55 -0.40 920 Bank Of E Asia 34.15
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    • 186 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 142 42 52 15 12 13 157 54 65 Commerce 46 18 20 12 1 7 58 19 27 Tpt/Stor/Comms 31 10 5
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    • 960 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 $mil 124 107 6389 ABF SG Bond ETF 111 -0.5 12 111 111 109.5 111.5 506.7 1056 761 CIMBAsean40 100US$ US1038 +15 449 1040 1027
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    • 264 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 $mil 56 38 6000 AVJennings A48 +0.5 1 48 48 46 53 3.6 7.3 3.8 125 55 16 6017 Genting HK US$ US46.5 +1.5 *****0 47.5
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    • 123 23 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 302,647 302,647 456,578 456,578 Manufacturing 3,106,554 213,012 3,319,566 2,237,036 16,913 2,253,949 Commerce 500,658 371,210 871,868 894,704 34,888 929,592 Tpt/Stor/Comms 891,036 13,283 904,319 1,065,764 3,639 1,069,403 Finance 248,721 135 248,856 1,562,670 18 1,562,688 Construction 301,500 289,007
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    • 26 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 TIMES
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  • FINANCE & COMMODITIES
    • 374 24 In local curr In S$ In US$ dy yr dy yr dy yr Jan 7 Index Change Change Change Change Change Change World Index Preliminary 906.4 -0.4 8.9 -0.3 0.9 -0.3 9.5 EAFE Preliminary 812.1 -0.3 3.5 -0.3 -4.1 -0.2 4.0 Europe Preliminary 1179.8 -0.5
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    • 177 24 Jan 7 $S Offer Bid 0vernight 0.03 par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.08 US$ Offer Bid 7 days 0.35 0.25 1 month 0.40 0.30 2 months 0.43 0.33 3 months 0.46 0.36 6 months 0.55 0.45 9 months 0.80 0.60 12
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    • 22 24 Jan 7 S$ Bid Offer 1-month 1.2959 1.2969 2-months 1.2959 1.2969 3-months 1.2959 1.2969 6-months 1.2961 1.2972 Source: OCBC
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    • 177 24 Jan 7 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Feb 11 530.0 524.5 526.0 14 509 Mar 11 524.0 524.0 525.0 48 450 Apr 11 529.5 523.0 524.0 38 470 May 11 529.5 524.0 524.0 40 194 Jun
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    • 88 24 Jan 7 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 07.04.2011 0.38 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 103.39 103.42 103.42 5-Year N*****0S 2.875 01.07.2015 106.42 106.53 106.45
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    • 107 24 Jan 7 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 11 1357.75 1369.50 1370.75 1353.00 Mar 11 1365.00 1378.00 1382.50 1360.25 May 11 1373.75 1386.50 1391.00 1369.00 Jul 11 1377.75 1389.50 1393.00 1373.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 11 56.35
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    • 77 24 CRUDE OIL PRODUCTS Jan 6 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 94.95 -0.05 WTI (Near Mth) 88.28 -2.14 Dubai (1-Mth F) 91.66 2.20 Tapis blend 100.20 2.25 Minas 96.00 2.25 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 97.14 0.97 Jet Kerosene 107.43 2.79 US$/barrel Opec Oil
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    • 2649 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 33 unch 1399 1 10 -5 1.38 58 6221 Asia-Pacific Strategic W*****6 34 0.5 63 1 150 6 5.09 40 6227 ASJ Hldgs W*****1 2 1
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    • 121 24 Jan 07 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.33 1.255 Can dollar 1.324 1.274 Euro 1.718 1.652 Sterling pound 2.042 1.964 NZ dollar 1.009 0.961 US dollar 1.316 1.266 Local dollars to 100 units of foreign
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    • 27 24 Jan 7 Open High Sett STI Jan 3261 SIMSCI Jan 387.9 387.9 386.3 Taiwan Jan 314.2 315.3 310.5 Source: MF Global (S) Pte. Ltd
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    • 67 24 PALM OIL Jan 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 11 3875 3800 3875 3800 427 2140 Feb 11 3850 3800 3854 3798 390 ***** Mar 11 3847 3763 3847 3759 ***** ***** Apr 11
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    • 421 24 Jan 7 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.5950 0 3178 Jun11 99.4700 0 1054 Sep11 99.3200 0 335 Dec11 99.1150 0 259 EUROYEN TIBOR FUTURES Mar11 99.6600 99.6600 99.6600 99.6600 1172 2654 Jun11 99.6475 10 1387 Sep11 99.6425 0 1054 Dec11 99.6400 0
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    • 464 24 Jan 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.992 6.579 0.764 7.716 45.022 89.410 0.829 11.157 3.046 1.309 85.078 43.817 1.287 6.755 0.957 29.144 30.076 0.642 0.992 Canada 1.008 6.635
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    • 85 24 Jan 7 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 141 24 Jan 7 GOLD (US$/oz) Jan 07 Jan 06 Hong Kong 1365.00 1378.50 Jan 06 Jan 07 London 1368.00 1376.77 1368.90 1377.54 Source: Thomson Reuters CAST BAR Jan 07 (S$) Selling Buying Kilobar 60,950.41 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 137 57 5gm 388 284 10gm 692
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    • 69 24 Jan 7 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2504.00 2505.75 3 months 2518.00 2519.00 Copper, Grade A (US$/tonne) Cash 9433.00 9490.50 3 months 9415.00 9475.00 Lead (US$/tonne) Cash 2675.00 2683.00 3 months 2649.00 2656.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • 82 24 Jan 7 COCOA (£/tonne) Close Prev High/Low Mar 11 1928 1924 1948/1922 May 11 1936 1933 1955/1930 Jul 11 1950 1947 1968/1945 Sep 11 1956 1955 1977/1952 COFFEE (US$/tonne) Close Prev High/Low Jan 11 2018 2026 2010/2010 Mar 11 2023 2029 2034/2009 Jul 05 2041 2047 2052/2028 Jul 11
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    • 154 24 Jan 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2860 1.2874 0.9923 0.9926 Canadian dollar 1.2966 1.2986 1.0005 1.0012 Euro 1.6831 1.6847 1.2987 1.2989 NZ dollar 0.9816 0.9836 0.7574 0.7584 Sterling pound 2.0018 2.0039 1.5446 1.5450
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  • 5780 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 *Loads
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  • Page 27 Advertisements
    • 19 27 Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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    • 1021 27 NOTICES BUY IT• SELL IT• FIND IT CRAFT PRINT INTERNATIONAL LIMITED (Incorporated in Singapore) (Co. Reg. No. *****1572K) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of CRAFT PRINT INTERNATIONAL LIMITED (the "Company") will be held at 9 Joo Koon Circle, Singapore *****1 on
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 902 27  -  Its use may pose new security threats, cause productivity loss <you say> By ANDY COCKS The author is director for Solutions Development Group and Strategic Alliances, Datacraft Asia THERE is no denying it: Social media is forcing businesses to change their behaviour. With the
      902 words
    • 634 27  -  But companies are still hanging on to inefficient traditional PC set-ups: iGel By VICTORIA HO THIN clients are enjoying a revival on the technology scene but companies are largely clinging onto their personal computers (PCs), according to iGel Technology. Heiko Gloge,
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    • <what’s up>
      • 39 27 NEIL Gordon is Nokia’s new vice-president of sales for South-east Asia and Asia-Pacific. Mr Gordon takes over from Chris Carr, who moves to Australia as Nokia’s new general manager for Australia and New Zealand.
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      • 37 27 ACER has released a new Android-powered smartphone with a 3.6-inch display. The Acer Liquid Metal smartphone (above) is also capable of recording HD video and has a 5-megapixel camera with an LED flash.
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      • 34 27 CRIMSON Logic is developing a National Authentication Framework for the Kingdom of Bahrain. The system aims to allow citizens to use a single electronic identity to access government services online.
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      • 35 27 from Canon CANON has added two new camcorders to its professional XF series, the XF100 and XF105. Both products are aimed at offering portable full-HD recording and weigh slightly over 1kg each.
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      • 51 27 THIS month, HP releases a slew of PCs and laptops to the market. The HP ENVY line has been updated with its CoolSense cooling technology. The Pavilion desktop and notebook lines have been updated with Beats Audio, developed by HP and Beats by Dr
        51 words
      • 45 27  -  Compiled by VICTORIA HO SONY Ericsson has released its Xperia arc smartphone (above), the first of its Xperia series to be announced this year. The device is based on Android 2.3 Gingerbread, with a 4.2-inch display and an 8.1 megapixel camera.
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    • 322 27 [SEATTLE] Apple Inc is expanding the “app store” idea that caught fire on the iPhone and iPad to its line of Mac computers. Mac users who have the latest version of Apple’s computer operating system, called Snow Leopard, will be prompted to
      322 words
    • 920 28  -  IDC expects compliance issues to be significant driver, reports AMIT ROY CHOUDHURY THE Singapore security software market is expected to grow by 6-7 per cent this year from last year’s US$58 million. Much of that growth will be fuelled by the need
      Source: IDC  -  920 words
    • 490 28 CONSUMER ELECTRONICS SHOW AFP [LAS VEGAS] Motorola Mobility’s Xoom tablet computer was the star of the Consumer Electronics Show (CES) in what could be a sign of renewed glory for a faded technology star. “Motorola’s got game, again,” Morgan Stanley analyst Ehud Geldblum said when
      AFP; AP  -  490 words
    • 770 28  -  2b people have Internet access, 5.3b use cellphones By RAJU CHELLAM FOR the start of the New Year, here’s a sprinkling of startling statistics: the number of people with access to the Internet crossed the two billion mark in December 2010; the number of mobile phone
      Source: ITU  -  770 words
    • 251 28 AFP [LAS VEGAS] Electronic book readers were all the rage at last year’s Consumer Electronics Show in Las Vegas as companies raced to come out with rivals to Amazon’s popular Kindle. This year they’re all chasing the iPad. CES, which opened
      AFP  -  251 words