The Business Times, 27 December 2011

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Total Pages: 26
1 26 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Tuesday, December 27,
    23 words
  • Article, Illustration
    Lock icon Hard landing in China? Not in 2012: analysts
    935 1  -  Politics is the main reason it’ll be a year leading up to a power transfer in early 2013 By in SHU-CHING JEAN CHEN in Hong Kong IF China is headed for a hard landing, it is unlikely to happen in 2012. The
    AP  -  935 words
  • Article
    Lock icon MARKETS DIGEST
    158 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 2,676.47 +17.25 KL COMP 1,496.15 +29.93 NIKKEI 225 8,479.34 +77.62 HANG SENG 18,629.20 +343.81 SET INDEX 1,032.51 -1.55 JAKARTA COMP 3,797.15 +28.80
    158 words
  • Article, Illustration
    Lock icon Volatility seen for S’pore debt market in 2012
    1047 1  -  By KENNETH LIM [SINGAPORE] A tale of two halves told the story of the Singapore debt capital market over the past year, and 2012 will be ushered in by a wave of nervous volatility, according to market observers. “After a promising start
    THE STRAITS TIMES  -  1,047 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      542 2 Hard landing in China? Not in 2012: analysts IF China is headed for a hard landing, it is unlikely to happen in 2012. The primary reason quoted by analysts is politics. In a year of a power transfer, its day of reckoning will be delayed by a government
      542 words
    • Article, Illustration
      Lock icon Europe holds key to market direction
      875 2  -  Signs also show US economic stability may be temporary WALL STREET INSIGHT By ROB CURRAN SANTA Claus was generous to Wall Street but traders still fear wintry conditions in credit markets. The end of December and beginning of January are traditionally bullish for the
      BLOOMBERG  -  875 words
    • Article
      Lock icon Redas, industry studying cooling measures: sources
      708 2  -  Suggestions also being raised, some may be presented to the authorities By UMA SHANKARI [SINGAPORE] The Real Estate Developers’ Association of Singapore (Redas) has been holding a series of meetings with industry players to look into the impact of the latest round of property
      708 words
    • Article, Illustration
      Lock icon Monetising data: long time coming & some way to go
      755 2  - Monetising data: long time coming some way to go The writing’s been on the wall since Sept By JOYCE HOOI [SINGAPORE] THE move by telcos to stem the tide of unlimited 3G data usage might have picked up steam last week with SingTel and StarHub announcing revisions to their 3G
      755 words
    • Article
      Lock icon Why was SMRT left in the lurch?
      841 4  -  Is pervasive ‘silo culture’ to blame for the lack of initiative? COMMENTARY By TEH HOOI LING [SINGAPORE] Icent twriterForumtant qRT leftalone? N THE aftermath of the recent train breakdowns, a writer to the Straits Times Forum asked a very important question: Why was
      841 words
    • Article
      Lock icon Tsunami risks underestimated: probe
      549 4 It advises separating nuclear regulators from promoters AP [TOKYO] Japan’s response to the nuclear crisis that followed the March 11 tsunami was confused and riddled with problems, including an erroneous assumption that an emergency cooling system was working and a delay in disclosing dangerous radiation leaks,
      AP  -  549 words
    • Article, Illustration
      Lock icon The man behind UNLV S’pore’s turnaround
      1295 4  -  By GRACE LEONG [SINGAPORE] When gaming industry veteran Jonathan Galaviz stepped away from the private sector to take over as interim head of the UNLV Singapore campus in June, student enrolment was on the verge of expanding at rates that were said to “defy
      YEN MENG JIIN  -  1,295 words
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      129 3 SOHO. Unleash your creativity. Express your point of view. It's a different way to look at the world. Now is the time to explore. Imagine. Expand your vision. Extend your living spaces vertically and horizontally. Let your imagination go into overdrive. It's your blank canvas. Go ahead. Play. *3 A
      129 words
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  • COMPANY NEWS
    • Article
      Lock icon Changi Airport in talks to buy into India firm: report
      481 5 It may pay up to 22b rupees for 26% of GVK Power’s airport unit: sources Reuters [MUMBAI] Changi Airport Group is in talks to buy a 26 per cent stake in the airport business of GVK Power Infrastructure Ltd, the
      Reuters  -  481 words
    • Article
      Lock icon Wilmar unit buys back Wilmar China stake
      392 5 It will buy 1.61% stake from Kuok Group for HK$1.93b PALM oil giant Wilmar International said late on Friday night that its ful-ly-owned subsidiary WCL Holdings Limited (WCLH) has inked a deal with six members of the Kuok Group to buy the remaining
      392 words
    • Article, Illustration
      Lock icon Sino-Forest bondholders face bleak prospects in getting money back
      797 5 Reuters [TORONTO] It’s tough enough for offshore creditors of Chinese firms to get their money back when businesses run into trouble. The complex corporate structure of Chinese timber firm Sino-Forest could make it tougher still for its bondholders. The company, which
      Reuters; BLOOMBERG  -  797 words
    • Article, Illustration
      Lock icon Bharti rises with other Indian telecoms firms
      422 5 This comes after tribunal puts on hold govt order on roaming pacts Bloomberg Reuters [MUMBAI] Shares of Bharti Airtel Ltd and other Indian telecommunications companies rose in Mumbai trading yesterday after a dispute tribunal put on hold a government order telling wireless providers
      Bloomberg; Reuters; BLOOMBERG  -  422 words
    • Article
      Lock icon Ultro proposes to take over Ley Choon for $110 m
      350 5 ULTRO Technologies, which has been on the Singapore Exchange’s Watch List since Dec 3, 2009, is proposing to fully acquire Ley Choon Constructions and Engineering Pte Ltd (LCCE) from its existing shareholders for $110 million. Ultro plans to issue about
      350 words
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      22 5 BUSINESS OPPORTUNITY Singapore Licensed Insurance Broking firm for sale or joint venture with ongoing business. Interested, kindly email: mcapital889@gmail.com Mcapital Pte Ltd
      22 words
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      39 5 SOREMUSCLES? SLEEP ON WATER! Due to a lack of pressure points, a waterbed gives relief to sore muscles by restoring healthy blood circulation. FANTASY WATERBEDS SLEEP CENTRE #01-15/16 The Furniture Mall (The Plaza) 7500D Beach Road Tel: 6469-1381 www.fantasywaterbeds.com
      39 words
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      462 5 Safm^ g^KM[!a'ce] a Rolfyfo Play Tripping over loose bundles of wires and knocking into an illfitted cabinet are just some of the workplace hazards that office workers frequently encounter.Factories have a higher accident rate due to employees' proximity to sophisticated and high-risk machines. Those who work outdoors face even bigger
      462 words
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      148 7 LIVE FOR GREATNESS EVERY ROLEX IS MADE FOR GREATNESS. THE COSMOGRAPH DAYTONA, INTRODUCED IN 1963, WAS DESIGNED TO MEET THE DEMANDS OF PROFESSIONAL RACECAR DRIVERS AND QUICKLY EARNED ITS ICONIC STATUS. WITH ITS PATENTED CHRONOGRAPH MECHANISM AND BEZEL WITH TACHOMETRIC SCALE, IT ALLOWS DRIVERS TO PERFECTLY MEASURE ELAPSED CIRCUIT TIME
      148 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Hard-pressed to find a sanguine forecast
      594 8  -  STOCKS R SIVANITHY Senior Correspondent A YEAR ago in the final week of 2010, win-dow-dressing enabled the Straits Times Index to jump 53 points between Monday and Thursday. Even though it then sank 22 points on Friday, the net gain of 31 points at
      594 words
    • Article
      Lock icon Oil in biggest weekly gain in 2 months
      582 8 COMMODITIES Bloomberg [WASHINGTON] The Standard Poor’s GSCI gauge of 24 commodities rose 0.1 per cent to close at 645.88 at 3.44pm in New York last week. The UBS Bloomberg CMCI index of 26 raw materials climbed 0.2 per cent to 1,518,97, up
      Bloomberg  -  582 words
    • Article
      Lock icon BROKERS’ RECOMMENDATIONS
      1656 8 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 2 9.35 10.00 1.33 0.94 Amtek Engg Ltd 2.60 2.60 5 0.08 5.58 0.81 0.61 ARA Asset Mgt Ltd 1.71
      1,656 words
    • Article
      Lock icon US$ selling seen on portfolio rebalancing
      676 8 CURRENCIES Reuters [NEW YORK] The US dollar last Friday closed the week lower against a currency basket, and more losses were likely next week as portfolio managers rebalance their portfolios for the year-end after gains in US assets. Because of a rise in US
      Reuters  -  676 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 WEEKLY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Dec 23 VALUE CLOSE BT OB/OS -243.00 +270.0 BT CADI -*****.00 +79.00 BT 10-day MA -*****.00 -24.00 FTSE ST Mid Cap 587.38 +2.70 FTSE ST Small Cap 396.52 +2.01 FTSE ST All Share 640.74 +2.84 FTSE ST China Top 186.16 +0.65 FTSE ST China 221.01 +0.31 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 8 VOLUME Golden Agri 177,449,000 GMG Global 164,598,000 Noble Grp 136,716,000 Genting SP 110,482,000 PSL Hldgs 97,069,000 SingTel 79,045,000 IEV 74,687,000 HPH Trust US$ 68,493,000 GLP 61,074,000 LionGold 51,264,000 VALUE($) DBS Grp 246,033,715 SingTel 245,856,032 OCBC Bk 174,838,159 UOB 171,840,804 Genting SP 167,247,380 Noble Grp 158,916,290 Keppel Corp
      59 words
    • Article
      Lock icon RISES
      107 8 BY CENTS CLOSE UP IS S&P500 ***** 551.3 3.5 GLD 10US$ ***** 236.3 1.2 Jardine C&C 4969 177.0 3.7 DBXT MSKorea 10US$ 5221 176.9 2.7 DBXT E50 10US$ 3410 157.5 3.7 JMH 4696 112.3 1.9 Asia Pac Brew 2900 111.0 4.0 DBXT MSTaiwan 10US$ 1605 107.2 5.5 DBXT MSEurope
      107 words
    • Article
      Lock icon FALLS
      127 8 BY CENTS CLOSE DOWN DBXT AUDCS 5US$ *****-883.0 -3.3 DBXT iBoxxKR 5US$ *****-753.9 -4.5 IS DJ US Tech 6268-378.3 -4.5 DBXT Nifty 10US$ 9001-197.5 -1.7 DBXT S&P Short 10US$ 4158-158.8 -2.9 DBXT SPASX200 10US$ 3009-127.8 -3.2 DairyFarm 897-118.8 -9.3 DBXT FTVietnam 10US$ 1827 -91.7 -3.7 Lyxor Europe 10 US$
      127 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 WEEKLY
      5 words
    • Article
      Lock icon Director purchases plunge, sales stay low
      1558 10  -  Buyback activity remains high, especially among banking stocks INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited THE buying plunged while the selling among directors remained very low in the run-up to the Christmas holidays with 19 companies that recorded
      1,558 words
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      105 9 SINCE 1846 ULYSSE NARDIN LE LOCLE SUISSE :v W K tii I i J w s SS£V BS <? f J9 UlYSS* .4 i> w 4 I '-*■3 6" 'v .v m •< v W« SSfei ScaS) ">■{> fofiv.' $5S S£ FREAK DIAVOLO FLYING CARROUSEL-TOURBILLON WITH SECOND FLYING TOURBILLON. 8-DAY
      105 words
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      227 10 RAFFLES CONVERSATIONS 2 0 11 EDITI O N 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
      227 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon SMEs take running leap into the digital world
      1006 11  -  Smartphone applications and social media are becoming a critical part of marketing strategy for SMEs, SHERMAN TAN and NG JIEHUI say SHERMAN TAN and NG JIEHUI APPLICATIONS and social media sites used to be platforms purely for entertainment and socialising but recently,
      1,006 words
    • Article
      Lock icon DIVIDENDS ANNOUNCED
      315 11 Payment Ex Books Pay Ann (cts) date close date date Asia Pac Brew ak 63.000 25-Jan 27-Jan 13-Feb 11-Nov Asia Pac Brew bh 15.500 25-Jan 27-Jan 13-Feb 11-Nov Ausgroup ak 0.640 12-Dec 14-Dec 30-Dec 26-Aug CapitaMall Trust cf 1.020 04-Nov 09-Nov 06-Jan 15-Nov CFM Hldgs ak 0.700 19-Dec
      315 words
    • Article
      Lock icon PRIME LENDING RATES
      403 11 Dec 23 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
      403 words
    • Article
      Lock icon COMPANY MEETINGS
      276 11 COMPANY MEETING PLACE DATE TIME Healthway Med E The National University of Singapore Society, Kent Ridge Guild House, Evans Room, 9 Kent Ridge Drive, Singapore *****1 28-Dec 10.00am Yamada Green A 6 Battery Road, #10-01, Singapore *****9 28-Dec 9.30am Eastgate Tech A RELC International Hotel, Room 507, Level
      276 words
    • Article
      Lock icon ’Tis (still) the season to be spending . . .
      316 11  - ’Tis (still) the season to be spending Rising rich continue buying gifts liberally this holiday period: survey By SHERMAN TAN DESPITE economic uncertainty worldwide, the majority of Singapore’s “rising rich” probably spent as much this year if not more than they did last Christmas. A Nielsen survey commissioned by UOB,
      316 words
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      528 11 "<®fe WATS NOTICES In the Matter of The Companies Act, Cap 50 And In the Matter of (1) Creative Label Mfg Pte. Ltd. Company No. *****3272W (2) Kaidi Co Investment Pte Ltd Company No. *****3101D (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that the Final
      528 words
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  • SME Inc
    • Article, Illustration
      Lock icon Not your usual plastic bag
      1220 12  -  New Quantum makes carriers which both look and feel like ordinary plastic bags but can degrade within two years, reports TAM YU LING A WORLD without plastic bags would be quite unimaginable for many consumers long used to having these items to hold their purchases.
      ARTHUR LEE  -  1,220 words
    • Article, Illustration
      Lock icon Learning about corporate risk taking from sports pros
      781 12  -  COMMENTARY By DAVID W LEHMAN The writer is an assistant professor in management organisation at NUS Business School. His research focuses on how organisations make decisions related to risk and rules. This commentary is based on his paper entitled “The Dynamics of
      REUTERS  -  781 words
    • Article
      Lock icon Get your queries addressed by SMU
      111 12 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 is shoot
      111 words
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  • ECONOMY WATCH
    • Article
      Lock icon US firms seize opportunities as EU banks rush to raise funds
      678 13 US$3 trillion in assets expected to be sold off over the next 18 months NYT [NEW YORK] As Europe struggles with its debt crisis, US businesses and financial firms are swooping in amid the distress, making loans and snapping
      NYT  -  678 words
    • Article, Illustration
      Lock icon Germany has benefited from the euro
      497 13 AFP [BERLIN] Germany has undoubtedly benefited from 10 years of the euro, analysts agree, but the single currency is not the only reason for the success of Germany’s export-driven economy, Europe’s biggest. Chancellor Angela Merkel has made no bones about the advantages for Germany
      AFP; AP  -  497 words
    • Article
      Lock icon Europe’s carbon trading hits a slump
      503 13 Big emitters see little need to improve energy efficiency as CO2 prices have crashed AFP [PARIS] Europe’s market in carbon emissions is hoping for outside help after a year in which prices slumped to record lows, savaging claims that trading in CO2 slows down
      AFP  -  503 words
    • Article
      Lock icon Mid-East govt bonds withstand regional unrest
      557 13 Bloomberg [DUBAI] Middle East government bonds weathered regional political turmoil and spillover from Europe’s debt crisis in 2011, led by debt from oil producers Qatar and Abu Dhabi. Regional bond yields declined by more than the emerging markets average this year, with Middle East
      Bloomberg  -  557 words
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      26 13 GRAB YOUR JANUARY ISSUE NOW! INTHISISSUE: THENEWSINGAPORE SOCCERDREAMTEAM •ExclusiveinterviewswithFandiAhmad, LimTongHaiandDavidLee• MENSHEALTH.COM.SG BESTDIGITALMEDIAOFTHEYEAR* *No. 1 in Marketing Magazine’s 2011 Digital Media of the Year rankings, Men’s category.
      26 words
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      7 13 www omy r]MIK fBSW®® festyle.omy-sg f/' v-
      7 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Khazanah to buy 75% of Turkish hospital chain
      476 14 Acibadem Saglik acquisition is reportedly worth US$650m Bloomberg Reuters [SINGAPORE] Khazanah Nasional Bhd, Malaysia’s state investment company, has agreed to buy 75 per cent of Acibadem Saglik Hizmetleri Ticaret AS, in a deal that values the owner of Turkey’s largest hospital chain
      Bloomberg; Reuters  -  476 words
    • Article, Illustration
      Lock icon Ramayana in talks with potential supermarket partner
      424 14 Bloomberg [JAKARTA] PT Ramayana Lestari Sentosa, Indonesia’s second-most profitable retailer, is in talks to partner an overseas company for the supermarket business as it expects to miss its 2011 sales forecast amid competition from rivals such as Carrefour SA. “There’s interest to buy
      Bloomberg; BLOOMBERG  -  424 words
    • Article, Illustration
      Lock icon A firm stand against graft will pay off
      559 14  -  MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent FORMER Malaysian deputy premier Musa Hitam once remarked that the only way to indicate that corruption would not be tolerated was to send a big fish to jail. “Once you do that, you send the message
      559 words
    • Article
      Lock icon BURSA MALAYSIA
      1823 14 VOL Dec 23 RM +/-(‘000) A M Realty 0.42 -0.02 16 Abric Bhd 0.32 -0.02 803 Advance Synerg 0.20 0.01 546 Adventa Bhd 1.63 -0.01 18 Ae Multi Hldgs 0.31 0.01 719 Affin Holdings 2.96 0.01 507 Ahmad Zaki Res 0.68 0.02 86 Aic Corp 1.18 0.03 74
      1,823 words
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      81 14 SINGAPORE'S PREMIER HOME-GROWN CAR MAGAZINE SINGAPORE MOTORSPORTS HUB: WILL IT EVER BE BUILT? THE BEST NEW CARS OF 201 HOWTOBUYA SECOND-HAND SPORTS CAR S GO 4094 ICON REBORN DRIVES > FERRARI 458 SPIDER MASERATI CRANCABRIO VS BMW 6501 CONVERTIBLE > AUDI S8 AS WI2 NISSAN SILVIA S15 MOD JOB SMALL
      81 words
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      8 14 GETITNOW! •30SETSOFFIJIWATER PARTYPACKSWORTH $136EACH •33SETSOFWELLA SPCOLORSAVE HAMPERWORTH $122EACH
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  • CHINA/INDIA
    • Article
      Lock icon Japan, China to push yen, yuan direct trading
      661 15 Direct settlement without using US$ will reduce currency risks, trading costs Bloomberg Reuters [TOKYO] Japan and China will promote direct trading of yen and yuan without using US dollars and will encourage the development of a market for companies involved in the
      Bloomberg; Reuters  -  661 words
    • Article, Illustration
      Lock icon Bollywood heroes rescue box offices in 2011
      605 15 Reuters [MUMBAI] Bollywood struck gold in 2011, revving up lacklustre box offices in India with help from its leading men who wooed audiences back to cinemas after a dismal 2010. Domestic revenues hit 19.25 billion rupees (S$471.4 million) this year, up from 14.5
      Reuters; AFP  -  605 words
    • Article, Illustration
      Lock icon Beijing targets 11% ind’l output growth
      417 15 Uncertain global economy partly to blame for slowdown Reuters [BEIJING] China’s industrial output is expected to grow 11 per cent for 2012, easing from an estimated 13.9 per cent in 2011, Minister of Industry and Information Technology Miao Wei said yesterday. The minister’s forecast
      Reuters; AFP  -  417 words
    • Article
      Lock icon HK universities expand to mainland China
      590 15 NYT [NEW YORK] Setting up an outpost in mainland China has become increasingly common for the world’s higher education leaders. From New York University to Stanford, Western institutions are eager to establish a foothold in a country with one of the fastest growing economies.
      NYT  -  590 words
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      37 15 Over 80,000 downloads! I L m PAYS BEST MUSIC THE MARRED MEN weekdays from 6am Col (3 f» S| C HZ DOWNLOAD IT FREE AT RADI09I3.COM NOW! •as of 17th Oct 2011 91.3FM TODAY S BEST MUSIC
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  • WORLD
    • Article
      Lock icon Japan relies on debt for 49% of its 96t yen budget
      695 16  -  Govt stress on debt underlines plan to raise sensitive consumption tax By ANTHONY ROWLEY in Tokyo THE Japanese government has begun sounding alarm bells over soaring public debt levels as it prepares to push through Parliament a record 96
      695 words
    • Article, Illustration
      Lock icon Kim Jong-un hosts S Korean delegation
      474 16 [PYONGYANG] North Korea’s next leader burnished his diplomatic skills yesterday, welcoming a private South Korean mourning delegation, as state media revealed a new title that gives Kim Jong-un authority over political matters. Kim Jong-un has rapidly gained prominence since the death of his father
      474 words
    • Article
      Lock icon Hackers breach website of intelligence group Stratfor
      494 16 NYT [NEW YORK] While the rest of the world engaged in merriment and good cheer, hackers used the holidays to attack a US research group that puts out a daily newsletter on security issues. On Saturday, hackers who said that they are members
      NYT  -  494 words
    • Article
      Lock icon Sony sells stake in LCD venture to Samsung
      669 16 Reuters [TOKYO] Sony Corp has agreed to sell its nearly 50 per cent stake in an LCD joint venture with Samsung Electronics to the South Korean company for US$940 million, as it struggles to reduce huge losses at its TV business. The
      Reuters  -  669 words
    • Article, Illustration
      Lock icon ‘Arab Spring’ movement goes viral worldwide
      888 16  -  By ONG CHOR HAO [SINGAPORE] All it took was a match from a 26-year-old Tunisian vegetable seller, Mohamed Bouazizi, in the city of Sidi Bouzid to start the fire of revolution sweeping through many parts of the Arab world. Within hours, Mr Bouazizi’s self-immolation
      Photos: AP, AFP, Reuters Sources: Reuters, Guardian  -  888 words
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  • AVIATION
    • Article, Illustration
      Lock icon American allowed to buy 32 Boeing jets
      637 17 Bankruptcy judge also allows the company to reject some aircraft leases Bloomberg [NEW YORK] AMR Corp, the bankrupt parent of American Airlines, won permission to pursue a deal to buy 32 planes from Boeing Co through 2012 and to reject leases on some
      Bloomberg; AP  -  637 words
    • Article, Illustration
      Lock icon US airlines shed colours in efforts to stay in the black
      873 17 Colourful paint jobs a thing of the past in bid to trim costs NYT [NEW YORK] Airplanes have become just as bland on the outside as they are on the inside. After decades of frenzied competition and staggering losses,
      NYT; AIRBUS OPERATIONS  -  873 words
    • Article
      Lock icon Saudi Arabia to open domestic services to foreign carriers
      339 17 Reuters [RIYADH] Saudi Arabia will soon allow foreign airlines to fly domestic routes, its aviation regulator said, opening the market beyond state-owned Saudi Arabian Airlines (Saudia) and private National Air Services, which struggled to meet demand. The General Authority for Civil
      Reuters  -  339 words
    • Article
      Lock icon China group to sue EU on airline carbon rule
      305 17 Reuters [BEIJING] China’s transport association will file a lawsuit against the European Union over an EU law to charge airlines for carbon emissions on flights to and from Europe, despite dim prospects of winning the legal action, Chinese media reported. The
      Reuters  -  305 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      365 17 CRYPTIC CROSSWORD Across 1 Evidence of a burglar? Disturbing —-isn’t proof about time? (10) 6 Sucker taking in old TV serial (4) 9 Vulgar man squeezing female’s rear (5) 10 Nasty trick, inhaling hydrogen at the same time (9) 12 Scottish island, for example, backing position (7) 13 Spotted returning
      365 words
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  • SHIPPING
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      2280 18 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination
      2,280 words
    • Article
      Lock icon Baltic’s main freight index ends year on low
      545 19 Market is waiting for boost from Latin American season at end of Q2 Reuters Bloomberg [BANGALORE] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, ended trading for the year on a low dragged down by a
      Reuters; Bloomberg  -  545 words
    • Article
      Lock icon Torm of Denmark sells two ship contracts at a loss
      315 19 Reuters [COPENHAGEN] Danish shipper Torm, which is in debt restructuring talks with its banks, had agreed to sell two shipbuilding contracts at a loss which would lead to deeper full-year 2011 losses than earlier indicated. It said on Friday that
      Reuters  -  315 words
    • Article, Illustration
      Lock icon Shanghai to remain world’s top container port
      317 19 Bloomberg Reuters [HONG KONG] Shanghai, China’s wealthiest city, said it will remain the world’s busiest port for a second year ahead of Singapore as the nation’s economic growth boosts trade volumes. Terminals in the city handled a record 30 million 20-foot equivalent boxes
      Bloomberg; Reuters; AP  -  317 words
    • Article
      Lock icon Oil tanker rates plunge 23% this year
      374 19 Bloomberg [LONDON] Returns for the largest oil tankers hauling two million barrel cargoes of Middle East crude to Asia ended the year 23 per cent lower, as fleet growth exceeded cargo demand. Rental income for very large crude carriers, or VLCCs, on the
      Bloomberg  -  374 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 19 SGX '000 Dec 23 S$ +/-Vol CH Offshore 0.35 0.01 78 Chuan Hup Hldg 0.21 unch 190 Cosco Corp 0.89 0.01 1121 CWT Ltd unch unch 0 Ezra Hldgs 0.86 0.02 952 First Ship Lea 0.28 0.01 542 Freight Links 0.06 unch 558 Grand Banks unch unch 0
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  • EDITORIAL & OPINION
    • Article
      Lock icon Managing Singapore’s LNG import model
      469 20 EDITORIAL IT is worth noting that even as Singapore’s piped gas importers and their foreign gasfield suppliers are working out a swap arrangement proposed by Indonesia aimed at diverting some Singapore-destined supplies to meet urgent domestic needs there the Republic is starting to look at
      469 words
    • Article, Illustration
      Lock icon Policy drift worsening the sharp slide in Indian rupee
      872 20  -  THE BOTTOM LINE YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT WHATEVER the current hype about India’s economic performance, a look at the state of its currency will provide a proper perspective: the rupee is the
      872 words
    • Article, Illustration
      Lock icon Occupy Wall Street is like a work of art
      1168 20  -  Broad, multifaceted and complex as it may be, occupiers do express a central concern By GIANPIERO PETRIGLIERI The writer is associate professor of organisational behaviour at Insead, currently on leave at the Harvard Business School IT took Occupy Wall Street just
      REUTERS  -  1,168 words
    • Article, Illustration
      Lock icon Tax cut battle in House exposes divisions within Republican Party
      1274 21  -  The spectre of the party being taken over by radicals is bound to alienate moderates and help Obama win election LEON HADAR Washington Correspondent REPUBLICANSwerelicking their self-inflict-ed political wounds after what would probably be recalled as the Great Christmas-Eve Tax
      AP  -  1,274 words
    • Article, Illustration
      Lock icon Wall St pros try to predict the unpredictable
      1228 21  -  By BERNARD CONDON AP [NEW YORK] The good news is that Wall Street experts think that stock prices will rise more than 10 per cent next year. The bad news is that they expected big gains in 2011 and got nearly zero
      AP; BLOOMBERG  -  1,228 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8371 22 Week ended: Dec 23 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 11.6 8Telecom 15.5 5 15.5 7.8 3.9 3.2 74.2 9.5 4 A-Sonic 4.3 -0.2 16 4.3 4 4.2 5 3
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    • Article
      Lock icon SGX CATALIST
      1692 23 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 12.1 t 800 Super 12.9 +0.3 160 12.9 12.2 12.9 13.6 4.7 4.3 5 23.1 5.5 2.5 t AA Grp 3.3 2.3 3.1
      1,692 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      115 23 Stock name Close Change CapMallsAsia 1.170 +0.015 CapitaLand 2.290 +0.010 CapitaMall 1.710 -0.005 CityDev 9.000 +0.040 ComfortDelGro 1.410 -0.010 DBS Grp 11.640 +0.130 F&N 6.310 +0.010 GLP 1.730 +0.020 Genting SP 1.535 +0.015 Golden Agri 0.720 +0.010 Stock name Close Change HK Land 4.650 -0.040 JMH
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    • Article
      Lock icon STOCKS ASIA
      2607 23 Transaction date: Dec 23 HONG KONG Vol HK$ +/-'000 Aeon Credit 5.60 0.05 0 Aeon Stores 17.62 unch 0 Angang Steel 5.84 0.28 ***** Anhui Conch 24.05 0.50 9007 Anhuiexpresswa 4.46 0.12 2635 Asia Satellite 15.60 -0.20 41 Asm Pacific 86.95 0.65 295 Bank Of E Asia 28.60
      2,607 words
    • Article
      Lock icon GLOBALQUOTE
      258 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 55.5 34 AVJennings A35 +1 19 36 34.5 34.5 39.5 3.6 10 2.8 91.1 49 25.5 Genting HK US$ US26.5 -0.5 ***** 27 26 26.5 27 1744.9
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 23 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 6 1 0 0 0 9 6 1 Manufacturing 75 74 32 11 8 7 86 82 39 Commerce 26 29 15 3 4 5 29 33 20 Tpt/Stor/Comms 19 19 6
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    • Article
      Lock icon SGX ETF
      1000 23 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 109.5 ABF SG Bond ETF 116.8 -6.1 511 122.4 116.2 115.5 116.9 533.2 1261 856 CIMBAsean40 100US$ US964 +16 203 964 937 38.6 ***** *****
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 23 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 65,297 65,297 236,021 236,021 Manufacturing 452,537 19,838 472,375 414,565 630 415,195 Commerce 377,217 7,333 384,550 437,181 971 438,152 Tpt/Stor/Comms 305,556 71,806 377,362 472,165 8,457 480,622 Finance 72,015 10 72,025 646,175 2 646,177 Construction 150,617 38,717
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  • Page 23 Advertisements
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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
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 24 In local curr In S$ In US$ dy yr dy yr dy yr Dec 23 Index Change Change Change Change Change Change World Preliminary 829.0 0.7 -7.7 0.7 -6.9 0.6 -7.8 EAFE Preliminary 678.0 0.7 -15.3 0.7 -14.6 0.6 -15.5 Europe Preliminary 1016.0 0.9 -13.1
      373 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 24 CRUDE OIL PRODUCTS Dec 23 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.57 -0.44 WTI (Near Mth) 99.78 0.41 Dubai (1-Mth F) 104.56 0.20 Tapis blend 116.52 0.51 Minas 114.02 0.51 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.75 0.47 Jet Kerosene 122.30 0.20 US$/barrel Opec Oil
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    • Article
      Lock icon CHICAGO BOT
      107 24 Dec 23 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 12 1163.00 1162.25 1167.25 115.50 Mar 12 1172.50 1171.75 1176.25 1165.75 May 12 1182.25 1182.00 1186.00 1176.00 Jul 12 1192.00 1191.50 1195.50 1185.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 12 50.96
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    • Article
      Lock icon GOVERNMENT SECURITIES
      71 24 Dec 23 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 22.03.2012 0.35 1-Year BY*****W 01.11.2012 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 102.9 5-Year N*****0W 1.125 01.04.2016 102.17 10-Year NX*****X 2.250 01.06.2021
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      411 24 Dec 26 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 0 3090 Jun12 0 854 Sep12 0 441 Dec12 0 556 EUROYEN TIBOR FUTURES Mar12 99.6625 0 2349 Jun12 99.6650 0 1440 Sep12 99.6600 0 711 Dec12 99.6650 0 115 Mar13 99.6550 0 131 Jun13 99.6250
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    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      114 24 As on 23 December 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT FEB2012 1615.40 1604.40 1605.90 117 CURRENCY AUD-USD FUT MAR2012 1.0089 1.0040 1.0070 5028 EUR-USD FUT MAR2012 1.3108 1.3041 1.3068 7049 USD-JPY FUT MAR2012 78.02 77.89 77.90 4036 BASE METAL
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    • Article
      Lock icon SGX FUTURES
      146 24 Dec 23 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jan 12 342.7 316 Feb 12 345.7 227 Mar 12 348.3 324 Apr 12 355.0 182 May 12 356.0 250 Jun 12 357.0 175 Jul 12 357.0 128
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    • Article
      Lock icon LONDON METALS
      69 24 Dec 23 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2001.00 2005.00 3 months 2016.00 2019.00 Copper, Grade A (US$/tonne) Cash 7631.50 7531.50 3 months 7641.00 7540.00 Lead (US$/tonne) Cash 2000.25 1979.50 3 months 2020.00 2000.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • Article
      Lock icon LIFFE
      82 24 Dec 23 COCOA (£/tonne) Close Prev High/Low Mar 12 1407 1414 1418/1399 May 12 1425 1432 1434/1416 Jul 12 1441 1450 1452/1434 Sep 12 1454 1462 1466/1448 COFFEE (US$/tonne) Close Prev High/Low Jan 12 1783 1807 1804/1782 Mar 12 1831 1858 1858/1830 May 12 1868 1895 1894/1868 Jul 12
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    • Article
      Lock icon PRECIOUS METALS
      139 24 Dec 23 GOLD (US$/oz) Dec 22 Dec 23 Hong Kong 1621.50 1621.00 Dec 21 Dec 23 London 1610.10 1606.40 1610.85 1607.15 Source: Thomson Reuters Source: Reuters CAST BAR Dec 23 (S$) Selling Buying Kilobar 71,996.02 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 161 67 5gm 458 335
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2277 24 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 Ascendas Reit.ES.1112 186 50 Aztech Grp W*****3
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 24 Dec 23 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.036 6.449 0.777 7.911 53.627 91.955 0.794 11.689 3.213 1.312 90.658 44.233 1.313 8.291 0.950 30.805 31.828 0.648 1.017 Canada 0.965 6.222
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    • Article
      Lock icon SIBOR
      82 24 Dec 23 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      82 words
    • Article
      Lock icon PALM OIL
      58 24 Dec 23 Apr Source: Bursa Malaysia KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 12 3125.0 3170.0 3160.0 3125.0 93 1847 Feb 12 3118.0 3175.0 3182.0 3115.0 3959 ***** Mar 12 3114.0 3170.0 3178.0 3112.0 ***** *****
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    • Article
      Lock icon STOCK INDEX FUTURES
      20 24 Dec 26 Open High Sett STI Dec SIMSCI Dec Taiwan Dec 256.2 257.5 255.5 Source: SGX Derivatives
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 24 Dec 23 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3126 1.3143 1.0167 1.0177 Canadian dollar 1.2668 1.2677 0.9813 0.9816 Euro 1.6891 1.6901 1.3084 1.3087 NZ dollar 1.0005 1.0010 0.7750 0.7751 Sterling pound 2.0266 2.0278 1.5698 1.5702
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 24 Dec 23 S$ Bid Offer 1-month 1.2911 1.2915 2-months 1.2911 1.2915 3-months 1.2908 1.2913 6-months 1.2891 1.2898 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 24 As at 9am Dec 23 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.34 1.277 Can dollar 1.289 1.24 Euro 1.718 1.652 Sterling pound 2.064 1.985 NZ dollar 1.03 0.981 US dollar 1.312 1.262 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      154 24 Dec 23 $S Offer Bid 0vernight 0.02 0.01 1-month 5/16 3/16 2-months 5/16 3/16 3-months 5/16 3/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.45 0.25 1 month 0.45 0.25 2 months 0.55 0.35 3 months 0.70 0.50 6 months 0.95 0.75 9 months 1.15 0.95 12
      154 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Yields in China seen to fall on property dip
      1019 25 Analyst expects yields on 10-year govt notes to fall to 2009 lows by June Bloomberg [SHANGHAI] China’s topperforming bond fund manager says that the biggest rally in three years will send yields on 10-year government notes to 2009 lows by June
      Bloomberg; REUTERS  -  1,019 words
    • Article
      Lock icon China land sales expected to remain weak in H1
      692 26 Local governments may delay auctions as they expect a rebound in Q3 2012 [BEIJING] Land sales in China are likely to remain sluggish in the first half of 2012 as local governments delay auctions amid poor market sentiment, with authorities reluctant
      692 words
    • Article, Illustration
      Lock icon Rupee slump may lure realty inflows
      434 26 Bloomberg [MUMBAI] India’s property market may attract US$3 billion from overseas as the rupee’s slide to a record and a decline in prices make assets attractive to foreign funds and Indians living abroad, according to Jones Lang LaSalle Inc. Total investment for the financial
      Bloomberg; BLOOMBERG  -  434 words
    • Article, Illustration
      Lock icon First-time UK home buyers at new low
      282 26 Reuters [LONDON] The number of first-time home buyers in Britain fell to a record low in 2011, despite house prices declining to their most affordable levels in eight years, mortgage lender Halifax said in a survey yesterday. Halifax, which is part of Lloyds
      Reuters; REUTERS  -  282 words
    • Article
      Lock icon HK retail rents will be hit if China cuts import duties
      745 26 Reuters [HONG KONG] Last Christmas, Fion Ng had an unusual request from a mainland Chinese customer at the high-end cosmetics store she manages in Hong Kong’s Causeway Bay district, the most expensive place to rent a shop in Asia.
      Reuters  -  745 words
  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      2339 25 RESIDENCE Wilby Central *****888 Wilby Bukit Timah *****505 It 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 For more information, visit www.wilbyresidences.com
      2,339 words
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  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      127 26 3 Adjoining Shophouses opposite Bugis Junction Contact: Investment Advisory Services 6293 3228 Part 3 part 5-storey shophouses with a passenger lift Total Floor Area: Approx. 11,529 sq ft Leasehold 999-year Short walk to Bugis MRT station 100% leased Expressions of Interest Closing: Fri, 13 Jan 2012, 12 pm Estate Agent
      127 words
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      Lock icon Page 26 Advertisements Column 2
      108 26 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. Illl mm Specialist Mortgage (In
      108 words
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      Lock icon Page 26 Advertisements Column 3
      12 26 THE LEADING'BUNGALOW SPECIALIST Holland Park ***** 8000 ask $2OM CCAA&AWII&IIIW @GJSS tiD5B)6EB0
      12 words