The Business Times, 20 December 2011
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2011-12-20
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The Business Times
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Title Section23 2011-12-20 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Tuesday, December 20,23 words
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Article, Illustration897 2011-12-20 1 ANTHONY ROWLEY - Worries over instability and North Korean exodus hit stocks while US$ strengthens By in ANTHONY ROWLEY in Tokyo MUCH of Asia was thrown into a state of shock yesterday after the announcement around mid-day of the death of North Korean leader Kim Jong-ilBLOOMBERG - 897 words
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Article141 2011-12-20 1 HST INDEX 2,618.09 (-41.13) HST INDEX FUTURES 2,612 (-41) HSIMSCI 298.75 (-5.04) HSIMSCI FUTURES 298.90 (-3.70) FOREX US$ S$ US$ (S$ per US$) 1.306 (US$/S$ per 1.549 2.023 EURO (US$/S$/E) 1.301 1.699 Foreign currency per US$ S$ YEN 77.90 59.70 RM 3.183 2.436 HK$ 7.785 5.960 BAHT 31.28141 words
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Article, Illustration735 2011-12-20 1 SIOW LI SEN - By SIOW LI SEN [SINGAPORE] Loan growth for local banks could slow to a crawl next year. It is expected to plunge by as much as 70 per cent as the global slowdown hits all sectors of the economy. Analysts project thatSource: MAS; CEIC; DBS Vickers - 735 words
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Page 1 Advertisements
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Advertisement193 2011-12-20 1 SME Inc Vortics makes safety checks easier PAGE 10 HOCK LOCK SIEW Scrutinise developers’ overseas exposures PAGE 4 CHINA ECONOMY Local debts dwarf projects PAGE 17 Small landed housing sites affected by additional buyer’s stamp duty PROPERTY I PAGE 28 8 '*****1 *****4 HUBLOT GENEVE THE HOURGLASS SINGAPORE HUBLOT BOUTIQUE193 words
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Advertisement7 2011-12-20 1 OPINION Humbling lessons from China PAGE 237 words
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TOP STORIES
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Article604 2011-12-20 2 Markets go red-eyed at Dear Leader’s death MUCH of Asia was thrown into a state of shock yesterday after the announcement around mid-day of the death of North Korean leader Kim Jong-il a development that pushed South Korea and Japan onto a state of high alert in security604 words
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588 2011-12-20 2 FELDA CHAY - 50-50 joint venture to pay LaSalle Investment 122.6b yen By FELDA CHAY [SINGAPORE] Global Logistic Properties (GLP) has entered into a joint venture with Chinese sovereign wealth fund China Investment Corp (CIC) to acquire 15 logistics facilities in Japan for 122.6 billion588 words
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189 2011-12-20 2 [SINGAPORE] Frustrated train commuters suffered further delays to their journey on the North-South MRT Line last night after a faulty train had to be withdrawn from service. Passengers on a train heading north were asked to get off the train at Orchard MRT189 words
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Article, Illustration641 2011-12-20 2 EMILYN YAP - Asia among its target markets as it seeks to double AUM to £160b By EMILYN YAP [SINGAPORE] Armed with its new old name, private bank Coutts is refocusing on growth markets such as Asia and pulling back from regions where it is unlikely to641 words
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676 2011-12-20 2 Reuters [SINGAPORE] Buying a mutual fund in Singapore may not be a cakewalk anymore. Under new investor-pro-tection rules that take effect Jan 1, investors must possess certain educational qualifications related to finance or have relevant work or trading experience to buyReuters - 676 words
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543 2011-12-20 3 RONNIE LIM - Jurong Aromatics commits to taking up 450,000 cubic metres of storage By RONNIE LIM [SINGAPORE] Demand for oil and petrochemicals storage here continues to be strong, with the entire S$890 million first-phase Jurong Rock Cavern (JRC) set to be taken543 words
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Article, Illustration349 2011-12-20 3 YEO AIQI - By YEO AIQI [SINGAPORE] OCBC Cycle Singapore, an annual mass participation cycling event, will see a special addition to its 2012 line-up The Business Times Corporate Charity Ride. Targeted specifically at companies which want to help raise money for a worthy local charity,FILE PHOTO - 349 words
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327 2011-12-20 3 LYNN KAN - By LYNN KAN [SINGAPORE] Plain old business reporting in Asia will eventually morph into integrated reporting that shows more than just financial information, but the change is still three years away, said a panel of specialists. The roundtable assembled by the Association327 words
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Advertisement31 2011-12-20 2 I n I JI 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 n I I i 131 words
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COMPANY NEWS
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Article, Illustration626 2011-12-20 4 Bloomberg [NEW YORK] Goldman Sachs Group Inc is poised to win the top spot among advisers on both global takeovers and equity offerings for the first time in five years, a sign the bank hasn’t lost the trust of corporate executives.Bloomberg - 626 words
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911 2011-12-20 4 MINDY TAN - HOCK LOCK SIEW By MINDY TAN WITHalleyespeeled on the Singapore property market again following the cooling measures unveiled on Dec 7, it may seem odd to raise questions regarding developers’ overseas exposures. But as analysts start rolling out their stock picks for next year, the perennial911 words
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507 2011-12-20 4 EMILYN YAP - They are now in much better shape, it says By EMILYN YAP MARKETS have neglected the long-term investment potential of US banks, which are trading at low valuations and are in better shape now than they were three years ago, says prominent507 words
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405 2011-12-20 7 FELDA CHAY - It ups stake in Papua New Guinea exploration venture to US$9.5m By FELDA CHAY CHINA International Holdings is raising its stake in a petroleum exploration project in Papua New Guinea, announcing yesterday a further investment of US$3.5 million. This second fund injection through405 words
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478 2011-12-20 7 Reuters [TORONTO] Sino-Forest, a China-focused forestry company accused of fraud, said it received notices of default from its noteholders and set up a committee to look at options for the company that could include its sale. Until recently the largest forestry stock listed onReuters - 478 words
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250 2011-12-20 7 CARINE LEE - By CARINE LEE HONG KONG-LISTED Boer Power Holdings Ltd yesterday announced the extension of the closing date for its voluntary cash offer for the entire issued share capital of Singapore-listed SMB United Ltd. The final closing date has been set for Jan250 words
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282 2011-12-20 7 Bloomberg [HONG KONG] Citic Pacific, which delayed reporting a potential HK$15.5 billion (S$2.6 billion) loss from a failed derivatives bet, lost a second bid to block police access to documents it had argued were private. The company didn’t show thatBloomberg - 282 words
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271 2011-12-20 8 CONRAD TAN - Vessel conversion contract awarded by Equinox Offshore Accommodation By CONRAD TAN SEMBCORP Marine’s Sembawang Shipyard unit has won a US$140 million contract for a ship conversion to be completed next year. The contract, awarded by Singapore-based ship conversion services firm Equinox Offshore Accommodation, is for271 words
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COMPANY BRIEFS
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64 2011-12-20 8 IEV Holdings announced that on Dec 13, its 30 per cent associate, IEV (Malaysia) Sdn Bhd, secured a supply and installation contract worth RM262 million (S$107.5 million). The project, which was awarded by a major oil and gas operator in South-east Asia, is scheduled to64 words
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84 2011-12-20 8 TIONG Seng Holdings, through subsidiary Tiong Seng Contractors, has won a residential contract worth $151 million. The contract, from Keppel Land Realty, relates to The Luxurie, a suburban condo project in Sengkang. The 17,700 sqm condo site with allowable gross floor area of 53,100 sqm84 words
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Article65 2011-12-20 8 STRATECH Systems has been awarded a contract worth $2.4 million (including options) by the government of Singapore to operate and maintain the Medical Claims Proration System (MCPS). Stratech said that, under the new contract, it will continue to provide maintenance services and operations support for the65 words
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58 2011-12-20 8 CHINA Sky Chemical Fibre Co said that a reprimand by the Singapore Exchange (SGX) last Friday for failing to appoint a special auditor to investigate various concerns about the company was “wholly unjustifiable and issued without any merit”. China Sky said it would58 words
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30 2011-12-20 8 COMMODITY firm Olam said it has completed the acquisition of Turkey’s Progida Group, which exports hazelnuts, for an enterprise value of about US$38 million. Reuters30 words
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Article50 2011-12-20 8 CHINA XLX Fertiliser Ltd, which earlier announced a proposed issue of renminbi-denominated convertible bonds worth about 324 million yuan, said yesterday that it has received in-principle approval from the Singapore Exchange for the listing of and quotation for up to 200 million ordinary conversion shares.50 words
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354 2011-12-20 8 CONRAD TAN - Acquisition makes Sunway one of the biggest land holders in Iskandar region By CONRAD TAN MALAYSIA’S Sunway Bhd and Khazanah Nasional have jointly acquired two sites of land in Iskandar Malaysia for RM745.3 million (S$306 million). The acquisition will make property group Sunway one354 words
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Article, Illustration840 2011-12-20 8 Bloomberg [NEW YORK] Speculators reduced bets on commodities to a 31-month low on mounting concern that global economic growth is slowing as Goldman Sachs Group and Barclays Capital reiterated predictions that prices will gain. Money managers cut combined net-long positions acrossBloomberg; REUTERS - 840 words
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Advertisement520 2011-12-20 4 IN THE MATTER OF THE COMPANIESACT, CAP. 50 AND IN THE MATTER OF CITILAND PTE. LTD. (IN MEMBERS’VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of themembersoftheabovenamedCompany duly convened and held at 15 Chancery Hill Walk Singapore *****5 on 16th December 2011 at 11.00 a.m. the following as Special Resolutions were520 words
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Advertisement223 2011-12-20 4 RAFFLES CONVERSATIONS 2011 EDITION The diverse experiences of some of the most influential thinkers, corporate chiefs and social activists of the age THOMAS ARASI “Once a property such as this (Marina Bay Sands) opens, we hope we won’t close for the next 200 years. We are a living, breathing organism.”223 words
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Advertisement77 2011-12-20 5 IP- TTJ I Ji It Ji Ji, PATEK PHI LI GENEVE Begin your own tradition. m iik r. i ft i X 1 r V mh F -k k W" Wa I »Si m 11 P ■r 4 i s.. w *r .—w K f. 4s/ S£» 5 Ks I!77 words
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SINGAPORE MARKETS
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Article, Illustration575 2011-12-20 6 R SIVANITHY - Index falls 1.6 per cent; market players turn attention from blue chips to second-liners STOCKS R SIVANITHY Senior Correspondent OTHER than rotational playing in the second line that came in tandem with (or because of) weakness in blue chips brought on by European debtSource: Bloomberg - 575 words
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Article64 2011-12-20 6 Dec 19 VALUE CLOSE BT OB/OS -724.00-198.00 BT CADI -*****.00-154.00 BT 10-day MA -*****.00 -73.00 FTSE ST Mid Cap 579.95 -7.52 FTSE ST Small Cap 391.69 -3.43 FTSE ST All Share 628.06 -9.33 FTSE ST China Top 182.88 -3.07 FTSE ST China 216.54 -3.51 FTSE ST Catalist64 words
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Article60 2011-12-20 6 VOLUME PSL Hldgs 43,840,000 Golden Agri 40,566,000 Sheng Siong 28,824,000 Federal Int 28,791,000 GMG Global 28,771,000 SingTel 26,881,000 Genting SP 25,636,000 Noble Grp 25,325,000 Digiland 19,612,000 Keong Hong 18,204,000 VALUE($) SingTel 84,792,662 DBS Grp 55,362,120 UOB 50,137,270 Genting SP 38,380,710 OCBC Bk 38,064,200 Keppel Corp 37,133,920 Wilmar60 words
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Article186 2011-12-20 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 10 2 0 0 0 3 10 2 Manufacturing 25 65 36 4 4 5 29 69 41 Commerce 7 26 10 1 4 3 8 30 13 Tpt/Stor/Comms 6 22 6186 words
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BROKERS’ TAKE
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Article, Illustration443 2011-12-20 6 LYNN KAN - OCBC Investment Research, Dec 19 Compiled by LYNN KAN INDUSTRIAL Reits have proven its defensive nature YTD, having generally outperformed both the broader Reit sector and benchmark Straits Times Index. For the financial quarter ended Sept 30, we note that all the industrial Reits had registered healthySource: Bloomberg - 443 words
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Article135 2011-12-20 6 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,135 words
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Article119 2011-12-20 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,176 14,176 55,993 55,993 Manufacturing 83,285 2,861 86,146 88,648 44 88,691 Commerce 131,567 1,670 133,237 95,644 116 95,760 Tpt/Stor/Comms 77,776 12,205 89,981 140,265 1,371 141,637 Finance 17,153 17,153 160,942 160,942 Construction 65,836 18,526 84,362 21,747119 words
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Article114 2011-12-20 6 Stock name Close Change CapMallsAsia 1.165 -0.020 CapitaLand 2.250 -0.050 CapitaMall 1.675 -0.035 CityDev 8.990 +0.060 ComfortDelGro 1.385 -0.025 DBS Grp 11.360 -0.280 F&N 6.070 -0.070 GLP 1.640 -0.010 Genting SP 1.500 -0.015 Golden Agri 0.700 -0.005 HK Land 4.510 -0.070 JMH 45.520 -0.570 JSH 27.400114 words
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472 2011-12-20 6 CURRENCIES Reuters [LONDON] Concerns that the eurozone debt crisis will damage global growth pushed the euro back towards 11-month lows yesterday, while the safe-haven dollar got support from uncertainty after the death of North Korean leader Kim Jong-il. The euro was also underReuters - 472 words
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Article113 2011-12-20 6 BY CENTS CLOSE UP Hyflux 6% CPS 10 ***** 54.0 0.5 DBXT FTVietnam 10US$ 1933 45.7 1.8 DBXT S&P Short 10US$ 4304 30.0 0.5 DBXT MSTHAI 10US$ 1580 20.9 1.0 IS S&P500 ***** 11.8 0.1 UOB 5.05%NCPS 100 ***** 10.0 0.1 DBS BP ePW*****2 61.5 8.5 16.0 GLD 10US$113 words
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Article126 2011-12-20 6 BY CENTS CLOSE DOWN DBXT AUDCS 5US$ *****-893.2 -3.3 DBXT iBoxxKR 5US$ *****-762.6 -4.5 DBXT Nifty 10US$ 8808-451.8 -3.8 DBXT MSKorea 10US$ 4900-240.3 -3.6 DBXT MSEurope 10US$ 3790-129.3 -2.5 DBXT E50 10US$ 3191-126.7 -3.0 DBXT SPASX200 10US$ 3015-121.4 -3.0 DBXT STGLDv100 10US$ 2561-103.2 -3.0 Lyxor Europe 10 US$ 1050126 words
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Advertisement49 2011-12-20 7 Blow your blues at the launch of Weekday Lunch set meal for 17, Bali Lane (S) *****3 $5.90 <l6E?» Enjoy Happy Hours from Monday to Thursday with 50% off your 2nd jug of Tiger beer FOR RESERVATIONS, PLEASE CALL 8181 7330 For a limited time only* *T c Apply,49 words
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Advertisement92 2011-12-20 7 Tap into the markets whatever your device The IG Markets FX/CFD trading app now on iPad and Windows Phone 7 Ht Download your app at igmarkets.com. sg/app IG MARKETS CFD Trading can result in losses that exceed your initial deposit. IG Markets (ACRA No. *****621X) is licensed by the MAS92 words
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Advertisement32 2011-12-20 8 THE SINGAPORE EDITION! k i gorgeous styles tha will get hi attention now On e y '.5-page t Astrology 1 Bonus! Your Best Days for Romance in 2012 GoropJ53« I FUN FEARLESS32 words
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Advertisement76 2011-12-20 8 JANUARY ISSUE OUT NOW! I Iarpor's KJMOIl LEE SIMM) TALKS ST L OS HER MA UP LINE AND DEAL WITH THE EX D hi CREtN SIREN FAS g sk ,n f S M as"E°CHIC start S NC A PORK EAUTY TOX 101 'OUR COMPLETE GUIDE FOR A VANITY CASE CLEAN-OUT76 words
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Advertisement278 2011-12-20 8 MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP.50 AND IN THE MATTER OF LAVENDER PROPERTIES PTE. LTD. (INCORPORATED IN SINGAPORE) COMPANY REGISTRATION NUMBER: *****0696G Notice of Resolution for Member’s Voluntary Winding Up (Pursuant to Section 290) At the Extraordinary General Meeting of278 words
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Advertisement274 2011-12-20 8 IN THE MATTER OF THE COMPANIES ACT, CHAPTER. 50 BRANDED LIFESTYLE RETAILING (SINGAPORE) PTE. LTD. (Co No: *****1799W) (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of BRANDED LIFESTYLE RETAILING (SINGAPORE) PTE. LTD. held on Monday, 19 December 2011, the following Special Resolution was passed: WINDING-UP AND APPOINTMENT OF274 words
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Advertisement157 2011-12-20 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NIKU CORPORATION PTE. LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION) (Company No: *****6698W) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50, that the FINAL MEETING of the members of the157 words
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SINGAPORE NEWS
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Article, Illustration458 2011-12-20 9 MICHELLE TAN - 207,560 sq ft parcel at Fusionopolis Way comes with 60-year lease By MICHELLE TAN JTC Corporation has launched a concept and price tender (CPT) for the fifth phase of Fusionopolis. “The Fusionopolis Phase 5 tender is based on a two-envelope system,” JTC saidSource: JTC - 458 words
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369 2011-12-20 9 MINDY TAN - By MINDY TAN A FREEHOLD industrial site at the junction of MacPherson Road and Howard Road was put up for sale by tender yesterday, with an indicative pricing of between $33 million and $35 million, or $438 to $464 per square foot per plot369 words
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Article, Illustration550 2011-12-20 9 MINDY TAN - Finding a niche is the way to go, says MD of Hotels.com By MINDY TAN TRADITIONAL travel agents that are unable to adapt are dying a slow death. While it is inevitable that a certain bias is factored into this bold statement550 words
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SINGAPORE ROUND-UP
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Article78 2011-12-20 9 MARINA Bay Sands (MBS) has appointed Chan Yit Foon as senior vice president, human resources, with immediate effect. A graduate from National University of Singapore, Ms Chan joins MBS after spending five years at MediaCorp, where she was executive vice president of human resources.78 words
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Article96 2011-12-20 9 NANYANG Technological University (NTU) has launched a new executive training programme for Vietnam’s senior government officials to provide them with an understanding of developments in Singapore’s public administration over the past four decades. As part of the programme, former Singapore ministers, such as Mah Bow96 words
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100 2011-12-20 9 ALL lorry crane operators will have to be certified by September 2013, under a new training course aimed at enhancing the safe operation of cranes. The 2 1/2 day course is a new requirement under the Workplace Safety and Health (WSH) (Operation of Cranes)100 words
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364 2011-12-20 9 4% interest on Special, Medisave and Retirement Accounts next year CENTRAL Provident Fund (CPF) members will continue to enjoy risk-free interest rate of 4 per cent on their Special and Medisave Accounts (SMA) for the first three months of next year. The 4364 words
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517 2011-12-20 9 NG JIE HUI - But gender discrimination not commonplace here By NG JIE HUI THE income disparity between male and female finance professionals appears to be more prevalent in higher-powered positions, even though gender discrimination does not seem to be commonplace in Singapore. This is according to517 words
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Advertisement39 2011-12-20 9 Looking for opportunities? November/December issue out now! Available at Caltex, Esso, Shell and SPC petrol stations, 7 Eleven and Cheers stores and leading bookstores To subscribe ($30 for six issues delivered to your office or home), please call 6388-383839 words
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SME Inc
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Article, Illustration1007 2011-12-20 10 TAM YU LING - Vortics is poised to go to market with its interactive incident management and reporting system, reports TAM YU LING THREE years ago, their student partnership won them the technology competition Microsoft Imagine Cup 2008. Now, the Nanyang Polytechnic graduates have moved their partnership to the bigYEN MENG JIIN - 1,007 words
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Article, Illustration900 2011-12-20 10 KENNETH LIM - Component Technology survives the challenges of building an R&D business with persistence and discipline, reports KENNETH LIM THE founder of Component Technology Pte Ltd faced a struggle for survival three years ago during the global financial crisis. Berne Chung had sought to escape industry-wide priceYEN MENG JIIN - 900 words
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Article, Illustration487 2011-12-20 11 TAM YU LING - Diners also benefit from using the free service to make reservations By TAM YU LING IF you’ve ever tried calling a popular restaurant for a booking during the festive season, you’d know that it’s often a tedious, frustrating process. Restaurant operators may be487 words
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Article, Illustration928 2011-12-20 11 JACKY TAI - By JACKY TAI The writer is a principal consultant of StrategiCom (www.strategicom.com) a brand strategy specialist that focuses on helping B2B companies differentiate themselves. Jacky has written four books titled Transforming Your Business Into A Brand (2007), Killer Differentiators (2008), Get A Name! (2009), andYEN MENG JIIN - 928 words
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Article919 2011-12-20 11 CHIU WU HONG, OWI KEK HEAN - COMMENTARY By CHIU WU HONG, OWI KEK HEAN RECRUITING and retaining talent is always a consideration for family-run businesses, especially as a company’s founder and original staff grow older and begin to contemplate retirement. A trend is already emerging whereby the second or even the919 words
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Advertisement494 2011-12-20 11 Get your queries addressed by SMU HAVE a pressing question about a business related issue that your company is facing? Starting from January, we will be working with professors from the Singapore Management University (SMU) to provide expert advice and answers to your queries. All you need to do is494 words
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ECONOMY WATCH
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Article, Illustration582 2011-12-20 12 Central bank bill to take into account ECB proposals before being passed Bloomberg [BUDAPEST] Hungary is pushing on with a central bank bill that had drawn criticism from the European Union and led to an interruption of financing talks with the tradingBloomberg - 582 words
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337 2011-12-20 12 Bloomberg [HONG KONG] Hong Kong’s unemployment rate rose for a straight second month from the lowest level in 13 years, adding to risks of a recession in the city. The rate for the three months ended November was 3.4 per cent,Bloomberg - 337 words
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Article, Illustration465 2011-12-20 12 Central bank cannot overstep its mandate: Draghi Bloomberg [FRANKFURT] European Central Bank (ECB) president Mario Draghi damped expectations that the bank will step up bond purchases to tame the sovereign debt crisis, saying that it cannot overstep its mandate. “People have to acceptBloomberg; REUTERS - 465 words
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747 2011-12-20 12 Bloomberg [REYKYAVIK] Iceland’s banks are preparing their return to international bond markets three years after an US$85 billion default by the island’s biggest lenders wiped out its financial system. Landsbankinn and Islandsbanki, the state-crea-ted successors of failed Landsbanki Islands and Glitnir Banki,Bloomberg - 747 words
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480 2011-12-20 12 Reuters [BERLIN] German Finance Minister Wolfgang Schaeuble sees no chance of the United States increasing its contribution to the International Monetary Fund (IMF) to help Europe because of opposition in Congress, he told German radio yesterday. Eurozone leaders have agreed to offer 150Reuters - 480 words
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MALAYSIA/INDONESIA
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Article, Illustration991 2011-12-20 13 S JAYASANKARAN - Ruling party loses more seats, popular vote to Opposition By S JAYASANKARAN in Kuala Lumpur IN a precursor to a general election that’s likely to be called in the second quarter of 2012, the state elections in Sarawak, on Borneo island, provedREUTERS - 991 words
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180 2011-12-20 13 Reuters [PANGKAL PINANG, Indonesia] Following the breakdown of a selfimposed tin export ban, political infighting has broken out in the Indonesia Tin Association (ITA), a smelter organisation established to create a unified front for producers. Rudy Irawan, a chairman at the ITA, has beenReuters - 180 words
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373 2011-12-20 13 Bloomberg [JAKARTA] Indonesia’s parliament has approved a land-acquisition bill that will allow the government to accelerate road, port and airport projects, bolstering President Susilo Bambang Yudhoyono’s efforts to boost growth. Lawmakers passed the legislation last Friday after the Land Procurement Parliamentary Special Committee and theBloomberg - 373 words
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644 2011-12-20 13 Stiff compensation rules drive firms to treat workers as contract staff IHT [JAKARTA] Indonesia, the largest economy in South-east Asia, is also among the top 20 economies in the world, with growth this year of around 6 per cent. The ratings agency Fitch upgradedIHT - 644 words
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Advertisement70 2011-12-20 13 BUYING/SELLING High Value Branded Watches (PENG KWEE) Rolex Cartier Omega Patek Philippe IWC Chopard Vacheron Constantin Richard Mille Roger Dubuis Franck Muller Jaeger-Lecoultre Audemars Piguet Breguet Piaget Panerai #01-46 Peninsula Plaza #01-45 Peninsula Plaza #01-45 The Bencoolen #02-90K People's Park Complex #01-44 People's Park Centre #01-53 Lucky Plaza 26 Smith70 words
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GREATER CHINA/INDIA
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Article, Illustration741 2011-12-20 14 Caught off-guard by rupee’s dive, they may have to adopt hedging mechanisms Reuters [HONG KONG] Foreign mutual funds that invest in Indian shares are trailing onshore rivals by the widest margin in 13 years due to a dive in the rupee, raising theReuters; REUTERS - 741 words
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Article, Illustration793 2011-12-20 14 New food law to inflate subsidy bill by 320b rupees a year Bloomberg [NEW DELHI] India approved plans to grant the nation’s poor the right to buy food grains at subsidised rates, meeting a pledge by the ruling Congress party to spreadBloomberg; AFP - 793 words
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Article240 2011-12-20 14 Reu ters [BEIJING] Southern Chinese provinces will face persistent power shortfalls throughout 2012, with the deficit peaking near 8-14 GW due to rising demand, lower-than-normal rainfall and inadequate generating capacity, the local grid operator said. The latest estimate by the China Southern Power Grid CorpReuters - 240 words
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383 2011-12-20 14 Reuters [BEIJING] China endured its second month of capital outflows in four years in November as a slowing domestic economy and mounting global uncertainties led some investors to withdraw speculative funds. Data showed China’s central bank and commercial banks sold a net 27.9Reuters - 383 words
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381 2011-12-20 14 Reuters [TAIPEI] Apple Inc supplier Pegatron Corp reported an explosion at a subsidiary’s plant in Shanghai over the weekend that it said had injured 61 workers, the latest in a series of incidents that have spotlighted safety concerns at factories in China. Pegatron chiefReuters - 381 words
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Page 14 Advertisements
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Advertisement70 2011-12-20 14 n D€C 11 St5.00 SiflWiBtZ JPRAM \^\hi *1288 1 j is PARTY Hitt-SS LBD MEMm nPj BARS %'A1> h iSf&Xitz nmm r* ID (00 GIFT IDEAS iStL*>i>8 £#tiBIN WHO'S ■iJt- THE BOSS f§±*T r*»*w» GET IT NOW 16 SETS OF BEAUTY PRODUCTS WORTH $214 29 SETS OF wWgSwlTl/AXMN FOR YOUTH70 words
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Advertisement82 2011-12-20 14 GETYOUR JANUARY ISSUE NOW "I CALLED THE COPS ON MY HUSBAND" WHITE BR/s( UNDER A SHEER T< Fashion mistakes 1 stop making now YOU'RE IN A PILE-UP -WHO PAYS? DO ITm NOW, OR REGRET r No. 1 Beauty Every V MHHmm IS.. On pT14 \mn New Colours To Wear This82 words
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WORLD
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Article, Illustration667 2011-12-20 15 Gains in Treasuries, greenback, stocks come despite ratings downgrade Bloomberg [NEW YORK] Four months after Standard Poor’s stripped the US of its AAA credit rating and said the world’s biggest economy was no longer the safest of borrowers, dollar-denomi-nated financial assets are doingBloomberg; REUTERS - 667 words
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472 2011-12-20 15 Bloomberg [BRUSSELS] European finance ministers are seeking to meet a self-imposed deadline for drawing additional aid to the debt crisis and to form new budget rules as investor confidence that a comprehensive solution is achievable wanes. Euro-area finance ministers were holdingBloomberg - 472 words
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549 2011-12-20 15 Once-in-a-lifetime yields too good to resist Reuters [LONDON] Fund managers are finding the eye-catching returns on eurozone peripheral bonds too good to resist, and have begun to buy back into the crisis-hit countries’ bond markets despite worries the region is still far fromReuters - 549 words
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Article, Illustration580 2011-12-20 15 AP [MADRID] Warning that very hard times lie ahead for Spain, the country’s next prime minister said his incoming conservative government aims to reduce the country’s deficit by 16.5 billion euros (S$28 billion) next year. In a keenly awaited speech to ParliamentAP; REUTERS - 580 words
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308 2011-12-20 15 Reuters [ROME] Italy’s austerity budget, vital to get Rome’s accounts in order and help save the euro from collapse, enters its final stretch this week, with unions still mounting roadblocks to its path. The 33 billion euro (S$56 billion) package of cost cuts andReuters - 308 words
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413 2011-12-20 15 LATEST US DATA Bloomberg [WASHINGTON] Confidence among US homebuilders rose in December for a third consecutive month, a sign of stabilisation in the housing market. The National Association of Home Builders/Wells Fargo index of builder confidence climbed to 21, the highest level since May 2010,Bloomberg - 413 words
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556 2011-12-20 16 Episode furthers perception that South Korea is hostile to foreigners Bloomberg [SEOUL] What does it cost to do deals in South Korea? For Lone Star Funds, a Dallas-based buyout firm, almost US$3 billion. Lone Star, which won control of Korea ExchangeBloomberg - 556 words
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350 2011-12-20 16 Reuters [LONDON] British entertainment retailer HMV, grappling with waning demand in its core CD and DVD markets, posted wider first-half losses and warned that it is facing a battle to stay in business. The 90-year-old group, famous for its Nipper the dogReuters - 350 words
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Article, Illustration51 2011-12-20 16 [LONDON] Lioness Abi and her cubs, Heidi and Indi, eyeing their Christmas presents a tad cautiously at London Zoo. They and other lions at the zoo were given early Christmas presents filled with meat treats to stimulate their natural curiosity and playful nature.AP - 51 words
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Article, Illustration521 2011-12-20 16 Residents caught unprepared as area not typhoon-prone AFP [MANILA] A freak storm, poor warning systems, flimsy buildings and human folly are all being blamed as Philippine officials struggle to explain one of the deadliest flash floods to have hit the country. Entire villages wereAFP; XINHUA - 521 words
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470 2011-12-20 16 Kingdom Holding seen riding social network trend Bloomberg [DUBAI] Saudi investor Prince Alwaleed bin Talal and his investment company have agreed to buy a US$300 million stake in Twitter Inc, the microblogging service with about 100 million users. The agreement to acquire aBloomberg - 470 words
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495 2011-12-20 16 Reuters [LONDON] Britain said yesterday it will accept proposals to shake up the country’s banks, forcing lenders to form barriers between their retail operations and riskier investment arms to protect ordinary customers better in any future crisis. Business secretary Vince CableReuters - 495 words
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FOCUS: CHINA DEBT
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Article, Illustration2680 2011-12-20 17 Provinces go deeper into the red to finish projects from the Manhattan to highways to a stadium fronted by Olympic rings Bloomberg [BEIJING] A COPY of Manhattan, complete with Rockefeller and Lincoln centres and what passes for the Hudson River, is under construction an hour’sBloomberg; BLOOMBERG - 2,680 words
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FOCUS: NORTH KOREA IN TRANSITION
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Article, Illustration737 2011-12-20 18 Kim Jong-un was made a four-star general and given a prominent political post by his father last year Reuters [SEOUL] Young and inexperienced, Kim Jong-un is seen as poised to take over North Korea with the death of his father and extend theReuters - 737 words
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600 2011-12-20 18 Reuters [TOKYO] Japan scurried to prepare for the unexpected yesterday after news that Kim Jong-il, the leader of its unpredictable neighbour North Korea, had died of a heart attack. “I’ve issued three orders, which are to strengthen our intelligence gathering capability,Reuters - 600 words
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Article, Illustration788 2011-12-20 18 OBITUARY AP [PYONGYANG] Even as the world changed around him, North Korean leader Kim Jong-il remained firmly in control, ruling absolutely at home and keeping the rest of the world on edge through a nuclear weapons programme. Inheriting power from his father, he ledAP; XINHUA - 788 words
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510 2011-12-20 18 AP [BERLIN] World governments are viewing the death of North Korean leader Kim Jong-Il with wary optimism a possibly destabilising moment for the region as power passes to his son but also an opportunity for a new diplomatic start. Britain’s ForeignAP - 510 words
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Page 18 Advertisements
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Advertisement11 2011-12-20 18 r Justin Bieber "Under The Mistletoe" SiOTi p t W ?ea»rIlD«Ti11 words
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Advertisement7 2011-12-20 18 Citibank predicts China housing pricestofallby10-15% nextyear Tosubscribe,call6388-3838orgotosphsubscription.com.sg7 words
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AVIATION
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Article, Illustration616 2011-12-20 19 But the dispute with transport workers’ union and pilots’ association continues AFP [SYDNEY] Qantas and one of the three unions at the centre of a long-running industrial dispute that led to the airline’s fleet being grounded reached an agreement yesterday to end their standoff.AFP; BLOOMBERG FILE PHOTO - 616 words
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Article, Illustration305 2011-12-20 19 Reuters [HONG KONG] Cathay Pacific Airways has pushed back delivery of two Boeing 747-8F freighters to 2013, cutting cargo capacity growth to 10 per cent next year from 17 per cent amid weak cargo demand. The world’s largest cargo carrier ordered a totalReuters - 305 words
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344 2011-12-20 19 More than 50 pilots are also said to have left the carrier last week AFP Reuters [MUMBAI] Troubled Indian carrier Kingfisher Airlines has been forced to ground 15 aircraft because it is unable to pay their maintenance costs, the Economic Times newspaper saidAFP; Reuters - 344 words
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932 2011-12-20 19 NYT [BRUSSELS] ONE of the most contested global environmental initiatives ever undertaken is scheduled to get under way on New Year’s Day, when the European Union plans to begin regulating greenhouse gas emissions from airlines. Much is at stake for Europe, whichNYT - 932 words
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228 2011-12-20 19 Xinhua [NAYPYIDAW] A new international airport in Myanmar’s capital Naypyidaw was put into operation yesterday in an effort to accommodate a sharp increase in the number of travellers from across the world in the years ahead. The opening of the Naypyidaw International Airport,Xinhua - 228 words
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270 2011-12-20 19 Bloomberg [BERLIN] Etihad Airways, Abu Dhabi’s state-controlled airline, will pay 72.9 million euros (S$122 million) to increase its holding in Air Berlin plc to 29.2 per cent as the two carriers deepen their operational cooperation. Etihad will purchase 31.6 million shares at theBloomberg - 270 words
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Page 19 Miscellaneous
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Miscellaneous345 2011-12-20 19 CRYPTIC CROSSWORD Across 1 Mind game? (7) 9 Advance making progress on the backs of others (8) 10 Sacrifice it after fresh offer (7) 11 Spooner’s cheerful enthusiast? He’ll get you across (8) 12 Energy invested in nurse’s vocation (6) 13 High flier’s jinks a bit coarse for broadcasting (10)345 words
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Page 20 Advertisements
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Advertisement23 2011-12-20 20 Experienced ship maintenance services wanted, Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II23 words
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Advertisement10 2011-12-20 20 -THE BUSINESS TIMES SHIPPING TIMES CALL JOE WONG AT *****32710 words
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SHIPPING
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579 2011-12-20 21 Rates weak and market depressed, says world leader in shipping loans DNB Reuters [OSLO] Norwegian bank DNB, a key lender to the global shipping industry, said its loan book to the sector would worsen in 2012, with non-performing loan rates rising as crudeReuters - 579 words
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397 2011-12-20 21 Soeren Skou, now heading tanker arm, takes over on Jan 16 Bloomberg [COPENHAGEN] AP Moel-ler-Maersk A/S said Soeren Skou will take over as chief executive officer at its unprofitable Maersk Line con-tainer-shipping unit as Eivind Kolding departs to run Denmark’s largest bank. Mr Skou,Bloomberg - 397 words
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Article, Illustration81 2011-12-20 21 [ERDEVEN, France] A French civil guard clearing sand contaminated with fuel on the Kerminihy beach here after the TK Bremen cargo ship was stranded by high winds on Dec 17. The vessel was beached off France’s Atlantic coast on Thursday, with some 220 tonnes ofAP - 81 words
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445 2011-12-20 21 Reuters [LONDON] The Baltic Exchange’s main sea-freight index, which tracks rates to ship dry commodities, stayed negative on Friday with light activity capping earnings. The shipping sector in coming months is expected to face a supply glut and economic gloom that will pressureReuters - 445 words
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Article278 2011-12-20 21 SGX '000 Dec 19 S$ +/-Vol CH Offshore 0.35 unch 79 Chuan Hup Hldg 0.20 unch 142 Cosco Corp 0.85 -0.02 3869 CWT Ltd 0.99 -0.03 21 Ezra Hldgs 0.83 -0.03 2064 First Ship Lea 0.28 0.01 706 Freight Links unch unch 0 Grand Banks unch unch 0278 words
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Page 21 Advertisements
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Advertisement23 2011-12-20 21 FREIGHT Er FORWARDER here in th. urgently needed by shippers Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 132723 words
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Advertisement35 2011-12-20 21 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. THE BUSINESS TIMES MMM SHIPPING TIMES Legal services required by shippers owners Can they find your services here in the Shipping Times?35 words
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EDITORIAL & OPINION
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507 2011-12-20 22 EDITORIAL THE unexpected death of North Korean leader Kim Jong-il, which was announced yesterday, will be little mourned outside the “hermit state” that he ran with autocratic ruthlessness for 17 years. Hopefully, his demise will open a new chapter for the long-suffering507 words
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Article, Illustration757 2011-12-20 22 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group “Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist.” John Maynard Keynes, 1936 THE eclipse of Keynesian economics proceeds. When Keynes wrote “TheThe Washington Post Writers Group - 757 words
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Article, Illustration1042 2011-12-20 22 SRI MULYANI INDRAWATI - Local ownership of responsibility, coordination and transparency are vital to achieve success By SRI MULYANI INDRAWATI The writer is managing director of the World Bank Group and a former finance minister of Indonesia EVEN sceptics admit it: Effective aid works. In the last 25AFP FILE PHOTO - 1,042 words
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Article, Illustration1387 2011-12-20 23 PANKAJ MISHRA - The rebuilding of Russia need not be autocratic, and foreigners can help by maintaining a discreet distance By PANKAJ MISHRA The writer, the author of Temptations of the West: How to be Modern in India, Pakistan, Tibet and Beyond, is a Bloomberg View columnist based inBloomberg; REUTERS - 1,387 words
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Article, Illustration884 2011-12-20 23 PAUL KRUGMAN - The property bubble much of it fuelled by credit from the unregulated shadow banking system is visibly bursting PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 CONSIDERREUTERS - 884 words
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SINGAPORE STOCKS
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Article7821 2011-12-20 24 Transaction date: Dec 19 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 11.6 8Telecom 15.5 5.1 14.5 7.8 3.9 3.2 74.2 9.5 4.1 A-Sonic 4.5 4.1 4.9 2.9 1.7 32.2 657,821 words
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Article1534 2011-12-20 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 12.1 t 800 Super 12.2 -0.4 30 12.2 12.2 12.2 13.2 4.7 4.5 4.7 21.8 5.5 2.5 t AA Grp 3.3 2.6 3.11,534 words
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Article9967 2011-12-20 25 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.12/ APS Alpha Fund (USD)!** 0.86/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.56/ Aberdeen Asset Mgt Asia Limited American Opp 0.6128/ Asian Local Ccy9,967 words
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Article254 2011-12-20 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 55.5 34 AVJennings A35.5 +1.5 6 35.5 34.5 35.5 37.5 3.6 9.9 2.8 92.4 49 25.5 Genting HK US$ US26 -1 4594 27 26 26 26.5 1712254 words
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Article912 2011-12-20 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 109.5 ABF SG Bond ETF 122.9 123 561 1261 856 CIMBAsean40 100US$ US948 938 943 37.9 ***** ***** DBXT AUD Bonds 5AU$ A***** 45.7 *****912 words
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FINANCE & COMMODITIES
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373 2011-12-20 26 In local curr In S$ In US$ dy yr dy yr dy yr Dec 16 Index Change Change Change Change Change Change World Preliminary 807.9 0.3 -10.0 0.1 -8.7 0.5 -10.3 EAFE Preliminary 664.3 -0.2 -17.1 -0.3 -15.9 0.2 -17.3 Europe Preliminary 984.5 -0.5 -15.8373 words
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Article, Illustration114 2011-12-20 26 As on 16 December 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METALS GOLD FUT FEB2012 1601.50 1578.90 1597.70 119 CURRENCY AUD-USD FUT MAR2012 .9913 .9837 .9862 2194 EUR-USD FUT MAR2012 1.3095 1.3007 1.3029 7452 USD-JPY FUT MAR2012 77.75 77.49 77.67 3476 BASE METAL114 words
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Article77 2011-12-20 26 CRUDE OIL PRODUCTS Dec 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 103.75 -0.62 WTI (Near Mth) 94.10 0.50 Dubai (1-Mth F) 100.94 -1.32 Tapis blend 111.83 -0.88 Minas 109.73 -0.88 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 95.56 -1.44 Jet Kerosene 119.77 -0.72 US$/barrel Opec Oil77 words
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Article107 2011-12-20 26 Dec 16 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 12 1130.00 1111.75 1132.00 1111.50 Mar 12 1139.50 1121.25 1142.00 1121.00 May 12 1150.25 1131.75 1151.50 1132.25 Jul 12 1159.75 1142.25 1160.50 1142.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 12 49.55107 words
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Article81 2011-12-20 26 Dec 19 Dec 19 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 22.03.2012 0.36 1-Year BY*****W 01.11.2012 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 102.93 102.96 102.96 5-Year N*****0W 1.125 01.04.2016 102.1881 words
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Article442 2011-12-20 26 Dec 19 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.4330 0 3276 Mar12 99.3450 0 2950 Jun12 99.2900 0 804 Sep12 99.2600 0 351 EUROYEN TIBOR FUTURES Dec11 99.6710 970 4051 Mar12 99.6650 99.6650 99.6650 99.6625 0 2094 Jun12 99.6650 0 1440 Sep12 99.6600 0442 words
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Article154 2011-12-20 26 Dec 19 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jan 12 327.0 327.0 327.3 20 298 Feb 12 329.0 329.0 332.8 8 217 Mar 12 338.0 320 Apr 12 343.0 129 May 12 345.0 246 Jun 12154 words
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Article71 2011-12-20 26 Dec 16 Dec 16 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1996.00 1972.50 3 months 2004.00 1975.00 Copper, Grade A (US$/tonne) Cash 7328.75 7192.00 3 months 7345.00 7211.00 Lead (US$/tonne) Cash 1944.25 1961.00 3 months 1960.00 1975.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article82 2011-12-20 26 Dec 16 COCOA (£/tonne) Close Prev High/Low Mar 12 1369 1394 1407/1364 May 12 1387 1412 1425/1382 Jul 12 1404 1437 1442/1401 Sep 12 1418 1452 1458/1415 COFFEE (US$/tonne) Close Prev High/Low Jan 12 1853 1861 1874/1846 Mar 12 1897 1902 1915/1890 May 12 1931 1936 1950/1925 Jul 1282 words
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Article24 2011-12-20 26 Dec 19 Open High Sett STI Dec 2612 SIMSCI Dec 302.3 303.4 298.9 Taiwan Dec 243.5 244.8 238.2 Source: SGX Derivatives24 words
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2090 2011-12-20 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 55 49.00 29 ASJ Hldgs W*****1 0.1 1 4 24 33.00 2 AlliedTech W*****2 1.7 1 4 23 Aztech Grp W*****3 0.2 1 20 1322,090 words
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Article464 2011-12-20 26 Dec 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.032 6.292 0.763 7.727 52.580 90.421 0.774 11.659 3.159 1.307 89.116 43.677 1.297 8.311 0.930 30.162 31.047 0.641 0.993 Canada 0.969 6.098464 words
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Article82 2011-12-20 26 Dec 19 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths82 words
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Article138 2011-12-20 26 Dec 19 GOLD (US$/oz) Dec 16 Dec 19 Hong Kong 1599.00 1600.00 Dec 15 Dec 16 London 1570.09 1593.56 1570.90 1594.33 Source: Thomson Reuters CAST BAR Dec 19 (S$) Selling Buying Kilobar 72,289.20 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 162 67 5gm 460 337 10gm 821138 words
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Article57 2011-12-20 26 Dec 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 12 3015.0 3021.0 3021.0 2990.0 340 4674 Feb 12 3006.0 3020.0 3022.0 2986.0 4136 ***** Mar 12 3010.0 3020.0 3020.0 2984.0 ***** ***** Apr 12 3005.0 3018.057 words
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Article154 2011-12-20 26 Dec 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2957 1.2974 0.9923 0.9928 Canadian dollar 1.2559 1.2573 0.9618 0.9621 Euro 1.6982 1.7001 1.3005 1.3010 NZ dollar 0.9915 0.9924 0.7593 0.7594 Sterling pound 2.0220 2.0242 1.5485 1.5490154 words
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Article22 2011-12-20 26 Dec 19 S$ Bid Offer 1-month 1.3059 1.3070 2-months 1.3059 1.3070 3-months 1.3057 1.3068 6-months 1.3042 1.3055 Source: OCBC22 words
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Article121 2011-12-20 26 As at 9am Dec 19 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.328 1.265 Can dollar 1.278 1.229 Euro 1.732 1.666 Sterling pound 2.062 1.983 NZ dollar 1.019 0.971 US dollar 1.327 1.276 Local dollars to 100 units of foreign121 words
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Article154 2011-12-20 26 Dec 19 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 3/16 2-months 5/16 3/16 3-months 5/16 3/16 Overnight mode: 0.10 US$ Offer Bid 7 days 0.30 0.20 1 month 0.45 0.25 2 months 0.55 0.35 3 months 0.70 0.50 6 months 0.90 0.70 9 months 1.10 0.90 12154 words
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PROPERTY
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Article, Illustration531 2011-12-20 27 Demand may remain under pressure as joblessness climbs Bloomberg [LONDON] UK home sellers cut asking prices last month, according to Rightmove plc, which said that the property market will remain “challenging” next year. Average asking prices in England and Wales fell 2.7Bloomberg; BLOOMBERG - 531 words
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413 2011-12-20 27 Reuters [LONDON] Britain is to propose stricter rules for mortgage lending that aim to prevent a recurrence of irresponsible practices such as “liar loans” that led to the global financial crisis. The UK financial watchdog the Financial Services Authority (FSA) will discuss theseReuters - 413 words
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Article1727 2011-12-20 28 LEE HON KIUN - Small landed housing sites are affected by Additional Buyer’s Stamp Duty, says LEE HON KIUN The writer is the director of Landmark Property Advisers Pte Ltd, a boutique property agency specialising in investment sales and property advisory services THE latest rule on Additional Buyer’s Stamp Duty1,727 words
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Article, Illustration313 2011-12-20 28 [SINGAPORE] Tropicana Danga Bay Sdn Bhd, a joint venture between lifestyle developer Dijaya Corporation Bhd and Iskandar Waterfront Sdn Bhd, yesterday said they launched Tropez Residences. The luxury residential project is a 38-storey bayfront condominium in Tropicana Danga Bay, located about313 words
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Article, Illustration1134 2011-12-20 28 Bloomberg [HONG KONG] Hong Kong luxury home rents, which fell last quarter for the first time since mid-2009, may slump 10 per cent next year as banks and hedge funds scale back amid the threat of a global recession, according toBloomberg; BLOOMBERG - 1,134 words
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Page 27 Advertisements
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Advertisement72 2011-12-20 27 Australian Property Finance Have you recently bought an Australian property and need a loan to complete the transaction"? Already own and want to ensure you have the best loan? Contact Specialist Mortgage here in Singapore for free impartial advice to review all of your options. Specialist Mortgage g 2g3 414g72 words
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Advertisement155 2011-12-20 27 For Sale By Tender Freehold Industrial Land in MacPherson Site Area 30,157 sf MP 2008 ‘B1’, PR 2.5 Prominently located at the junction of MacPherson Rd and Howard Rd Less than 10 minutes’ walk to Tai Seng MRT Station. Tender Closing: Thurs, 12 Jan 2012, 3 pm Contact: DTZ Investment155 words
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Advertisement441 2011-12-20 27 H/l/c/X RESIDENCE f<£ if Wilby Central *****888 Wilby Bukit Timah *****505 I i WILBY CENTRAL Newly Refurbished Serviced Apartments Studio 2-Bedrooms Modern Decor with High Tech Features 5 minutes' walk to MRT Stations/ Shopping Malls Complimentary shuttle bus service to Orchard Road/Newton/Holland Village Complimentary broadband internet service local calls For441 words
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