The Business Times, 11 December 2012

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Microfilm: NL32338
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Tuesday, December 11, 2012G
    25 words
  • Article
    Lock icon DBS spending $1b for stake in new home
    583 1  -  It’s buying 30% stake in MBFC Tower 3 to help it manage its occupancy costs better By SIOW LI SEN [SINGAPORE] DBS Group Holdings is buying a 30 per cent stake in the building which houses its headquarters for over $1 billion
    583 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,114.34 (+7.23) GST INDEX FUTURES 3,109.00 (+7.00) HSIMSCI 353.48 (-0.26) HSIMSCI FUTURES 353.40 (-0.50) US$ S$ US$ (S$ per US$) 1.222 (US$/S$ per 1.602 1.959 EURO (US$/S$/€) 1.291 1.578 Foreign currency per US$ S$ YEN 82.40 67.40 RM 3.059 2.502 HK$ 7.750 6.340 BAHT 30.65 25.07 RUPIAH
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    • Article
      Lock icon MARKETS
      47 1 Monday Change KL COMP 1,632.15 +14.38 NIKKEI 225 9,533.75 +6.36 HANG SENG 22,276.72 +85.55 SET INDEX 1,334.95 -4.93 JAKARTA COMP 4,302.61 +11.81 MANILACOMP 5,757.54 -36.66 SEOUL COMP 1,957.42 -0.03 SHENZHEN B 627.55 +5.84 MUMBAI IND 19,409.69 -14.41 11am EST Change DOW 13,194.42 +39.29 NASDAQ 2,997.42 +19.38
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    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.433 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
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  • Article, Illustration
    Lock icon Ginvera firm gets US$144m face-lift
    871 1  -  India’s Wipro to buy LD Waxson; deal will bring SME’s brands to new markets By ANDREA SOH [SINGAPORE] Call it a face-lift for local small-and-medium enterprises. The company behind the Ginvera brand and scores of innovative shopping mall challenges has now caught the eye of
    PHOTO: ARTHUR LEE  -  871 words
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      106 1 SHIP MANAGEMENT Thome unable to grow further in S’pore: chairman PAGE 3 Jl ULYSSE/NARDIN Since 1846 m —Le Locle Suisse Marine Chronometer Manufacture Manufacture chronometer movement with Silicium TECHNOLOGY. SELF-WINDING. WATER-RESISTANT TO 200 M. 18 CT ROSE GOLD CASE. ENAMEL DlAL. LIMITED EDITION 350 PIECES. WWW.ULYSSE-NARDIN.COM s lE LOCLe THE
      106 words
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      13 1 OPINION Financial reporting is not just an auditor’s job PAGE 21 *****1 *****4
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      24 1 PROPERTY Whitley Residences, The Village previewed PAGE 28 PRODUCTIVITY MATTERS Health care: Delivering better quality PAGE 11 Inc Providing a well-rounded education PAGE 9
      24 words
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  • TOP STORIES
    • Article
      Lock icon S’pore business confidence relatively low: survey
      556 2  -  Business leaders encouraged by govt initiatives but concerned over recent foreign labour tightening By MALMINDERJIT SINGH [SINGAPORE] Business confidence in Singapore is relatively low, with business leaders here believing that the global economy is worsening. Many of the Singapore respondents, among the 2,500 finance
      556 words
    • Article, Illustration
      Lock icon Recession in Japan dims Noda’s election prospects
      589 2  -  Chances of further monetary easing by BOJ rise sharply By ANTHONY ROWLEY in Tokyo WITH official confirmation yesterday that Japan’s economy is now in recession and likely to remain so in coming months, the chances of Prime Minister Yoshihiko Noda’s government being ousted
      PHOTO: AP  -  589 words
    • Article
      Lock icon China’s Nov exports growth slows to 2.9%
      686 2 End of smartphone shipments could explain softening [BEIJING] China’s exports growth slowed sharply to a much lower than expected 2.9 per cent in November, underscoring the global headwinds dragging on an economy showing otherwise solid signs of a pick-up in domestic activity. Recession
      686 words
    • Article
      Lock icon Correction
      58 2 IN “Sombre bonus outlook for bank staff”, (BT, Dec 10), we incorrectly reported that a director in a regional role overseeing a compliance team could get a base monthly salary of as much as $250,000 while the boss or managing director might be paid $350,000. The amounts were base
      58 words
    • Article
      Lock icon S’pore tops HK as residence for millionaires
      359 2 Survey shows that quality of life is the main attraction Bloomberg [HONG KONG] Singapore topped Hong Kong as the most desired place in the Asia-Pacific for so-called mobile millionaires to reside, with quality of life being cited as the main attraction, according to
      Bloomberg  -  359 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      495 2 DBS spending $1 b for stake in new home DBS Group Holdings is buying a 30 per cent stake in the building which houses its headquarters for over $1 billion to help manage its rental cost. The bank said it is buying the stake in Marina Bay Financial
      495 words
    • Article, Illustration
      Lock icon Thome unable to grow further in S’pore: chairman
      651 3  -  Strong Sing dollar, hiring difficulties make future survival difficult By LYNN KAN [SINGAPORE] As Thome Group, one of the world’s largest third-party ship managers, celebrates 50 years in Singapore next year, its chairman, Olav Eek Thorstensen widely known in shipping circles by
      BT FILE PHOTO  -  651 words
    • Article, Illustration
      Lock icon Monti’s move to quit sparks market selloff
      632 3 Bond yields jump on talk of Berlusconi’s return to power AFP [LONDON] European stock markets sank yesterday, with Milan shares plunging after Italian Prime Minister Mario Monti announced his intention to resign, in the latest twist in the fast-mov-ing eurozone debt crisis. Milan’s
      AFP  -  632 words
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      127 3 O) s s i m /k o fit m U SSI f o »>5fe o °>/J Vi nwp\ o T o URWERK PRESENTS THE UR-'I'IOTTH IN TANTALUM AND ITS REVOLVING SATELLITE COMPLICATION ON PLANETARY GEARS (also available in red gold and AITiN) URWERK GEIMEVE URWERK has its origins in the
      127 words
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  • Page 4 Advertisements
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      40 4 Singapore’s Leading Chinese Watch and Jewellery Magazine i ix r .■> f.i /M& A PUBLICATION OF ICON NX ,VM A '"m-, r :x m. r f Vu > A A "V OUT NOW AVAILABLE AT KINOKUNIYA, MPH, PROLOGUE, TIMES BOOKSTORES sPHmagazines 2012/2013
      40 words
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      95 4 SHARElNVESTOR.com The Pulse Of Trading CHRISTMAS 7W fe^ture-s? 1. News alert on your portfolio 2. Interactive charting with integrated events calendar 3. Market screener with customisable FA and TA parameters Are- tke-se- {ea-iureii in ijour wisk fist? Ah ce "biscount? 6+you- up to I rt AiseoUKtAr rt'enAerskip pfwsf (Wk ike
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SembMarine wins Royal Caribbean Cruises deal
      399 4  -  Favoured customer contract includes revitalising and repairing latter’s ships By LYNN KAN WITH the two cruise terminals here drawing in cruise ships from major lines, work has flowed in for the shipyards. Sembawang Shipyard, a wholly owned subsidiary of Sembcorp Marine, has been given
      399 words
    • Article
      Lock icon Gaylin Q2 profit jumps 80.5% to $3.2m
      375 4  -  New Malaysian facilities to start ops in first half of 2013 By TEO SI JIA GAYLIN Holdings has recorded an 80.5 per cent leap in net profit to $3.2 million from a year ago, for the second quarter ended Sept 30. This is
      375 words
    • Article
      Lock icon Tiger rebounds with 56% more passengers in Nov
      347 4  -  By NISHA RAMCHANDANI BUDGET airline Tiger Airways carried more passengers in November compared to a year ago as it ramped up capacity across the group. The Singapore Airlinesbacked low-cost carrier posted a 56 per cent rise year-on-year in passenger bookings to 628,000
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    • Article, Illustration
      Lock icon Virgin Atlantic and Delta looking into transatlantic JV
      516 4 Reuters [LONDON] Virgin Atlantic will form a joint venture on transatlantic flights with Delta Air Lines if the US carrier buys Singapore Airlines’ 49 per cent stake in the UK airline, a source close to Virgin said. The source said that Virgin
      Reuters; PHOTO: BLOOMBERG  -  516 words
    • Article
      Lock icon Asset enhancements seen boosting retail Reit income
      564 5  -  They allow for better rental reversions as sales growth stagnates, costs rise By ONG CHOR HAO AS retail sales growth rate in Singapore takes a pause next year, a key driver for earnings growth at retail real estate investment trusts (Reits) will be
      564 words
    • Article, Illustration
      Lock icon Ascott clinches Surabaya management contract
      261 5  -  By ONG CHOR HAO THE Ascott Ltd has strengthened its presence in Indonesia, announcing yesterday a management contract for its first As-cott-branded serviced residence in Surabaya. CapitaLand’s wholly owned serviced residence business unit, which is Indonesia’s largest foreign serviced residence owner and operator, will manage
      261 words
    • Article
      Lock icon GPT makes bid for Australand’s industrial, commercial assets
      479 5 Bloomberg [SYDNEY] GPT Group, Australia’s sec-ond-biggest diversified real estate trust, offered to buy Australand Property Group’s industrial and commercial property assets and development business. The proposal involves Australand, controlled by Singapore’s CapitaLand Ltd, keeping its residential business and remaining a listed entity,
      Bloomberg  -  479 words
    • Article, Illustration
      Lock icon S’pore firms do barely enough in governance
      570 7  -  Study questions similarity in language used in annual reports By KENNETH LIM IF the governance sections in the annual reports of Singapore’s listed companies create a sense of deja vu, that is because they are often very similar, a report by compliance consultancy
      Source: Red Flag Group  -  570 words
    • Article
      Lock icon Rowsley jump prompts query
      199 7 ROWSLEY Ltd surged to a high in almost eight months in heavy trading yesterday, prompting a query from the Singapore Exchange (SGX). Responding, the company, whose stock was the second most actively traded yesterday, said it was “not aware of any information not previously announced that
      199 words
    • Article
      Lock icon HK firms can’t use Olam-type accounting to qualify for listing
      411 7 Reuters [SINGAPORE] Hong Kong Exchange is prohibiting companies that seek approval to list on its stock market from relying on an accounting practice at the centre of accusations by short-seller Muddy Waters against Olam International Ltd. Olam, a commodities company
      Reuters  -  411 words
    • COMPANY BRIEFS
      • Article
        Lock icon Popular H1 earnings dive 42%
        92 7 POPULAR Holdings Ltd posted a 42 per cent plunge in net profit to $8.33 million for the first half year ended Oct 31, from $14.3 million in the same year-ago period. Total revenues were down 8 per cent to $240.4 million from $260.2 million a
        92 words
      • Article
        Lock icon EMS unit selling a 40% stake in OSS
        39 7 EMS Energy’s wholly-owned subsidiary, EMS Offshore Pte Ltd, has entered into an agreement to sell a 40 per cent equity interest in Oilfield Services Supplies Pte Ltd (OSS) for $8.5 million.
        39 words
      • Article
        Lock icon China Minzhong sets up subsidiary
        38 7 CHINA Minzhong Food Corp, through a unit, has incorporated a subsidiary, Jiangsu Minzhong Organic Food, with a registered and paid-up capital of 30 million yuan (S$5.9 million) to produce and sell edible fungi.
        38 words
      • Article
        Lock icon Stratech in JV with Garrett Group
        47 7 STRATECH Systems Ltd has entered into a joint venture with The Garrett Group Asia to set up Stratech Finance Pte Ltd, which will provide financing arrangements to promote the sale of Stratech products such as a runway surveillance system for airports.
        47 words
      • Article
        Lock icon SP AusNet in A$100m bank debt facility
        35 7 SP AusNet has executed a A$100 million (S$128.1 million) five-year bank debt facility. It will use the proceeds to refinance existing debt and to fund growth capital expenditure.
        35 words
    • Article
      Lock icon Gul Tech’s EGM okays delisting
      303 7  -  By CAI HAOXIANG GUL Technologies’ Singapore shareholders have approved a resolution to delist the company from the Singapore Exchange mainboard. At an extraordinary general meeting yesterday, the proposed voluntary delisting of the printed circuit board maker was passed with 99.94 per cent (or 834 million
      303 words
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      Lock icon Page 5 Advertisements Column 1
      73 5 ALL-NEW! An interactive, style-driven interior design website for homeowners and decor enthusiasts. homes Draw inspiration from over 2,400 pictures of real homes. mood board Store your renovation ideas online, and share them via social networks. Two things going for this bedroom: that gorgeous canopy, and the cool grey stripes. promotions
      73 words
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      Lock icon Page 5 Advertisements Column 2
      204 5 III mm S In ill ii <6 5 >v PSA 5** O World s Finest Serviced Offices Best address, best receptionist, best IT and support Flexible lease terms starting from one month We help businesses succeed For less than the cost of a secretary W servcorp.com.sg HSERVCORP Virtual Office Everything
      204 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Buy wave lifts STI to year’s high
      600 6  -  But market saw gains pared in late pullback stemming from Europe’s opening losses STOCKS R SIVANITHY Senior Correspondent THE buying momentum of last week that took the Straits Times Index (STI) up 37 points over the five days continued yesterday, adding 7.23 points
      Source: Bloomberg  -  600 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 6 5 0 0 0 5 6 5 Manufacturing 54 48 43 8 9 9 62 57 52 Commerce 26 19 18 3 2 6 29 21 24 Tpt/Stor/Comms 24 11 7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 21,531 21,531 93,098 93,098 Manufacturing 303,005 84,234 387,239 188,461 874 189,335 Commerce 127,163 25,390 152,553 102,446 1,015 103,461 Tpt/Stor/Comms 89,552 18,619 108,171 143,712 5,820 149,532 Finance 24,875 102 24,977 138,149 40 138,189 Construction 51,787 145,910
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 6 Stock name Close Change CapMallsAsia 1.990 +0.035 CapitaLand 3.720 +0.030 CapitaMall 2.120 +0.020 CityDev 12.070 +0.070 ComfortDelGro 1.765 +0.015 DBS Grp 14.800 +0.010 F&N 9.450 GLP 2.680 -0.070 Genting SP 1.270 +0.025 Golden Agri 0.645 -0.005 HK Land 6.920 +0.160 IHH Healthcare 1.295 +0.005 JMH 60.000
      113 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      72 6 Dec 10 VALUE CLOSE BT OB/OS 307.00 +10.00 BT CADI -*****.00 +60.00 BT 10-day MA -*****.00 +31.00 FTSE ST Mid Cap 755.24 +0.15 FTSE ST Small Cap 499.23 +1.05 FTSE ST All Share 761.33 +1.48 FTSE ST China Top 204.78 +1.43 FTSE ST China 230.29 +2.39 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      52 6 VOLUME MDR 603,051,000 Rowsley 146,632,000 YHM 143,828,000 MDR W*****5 108,018,000 Informatics 91,330,000 Golden Agri 39,128,000 ChinaTitan 36,131,000 UPP 33,748,000 Blumont 33,100,000 Europtron 32,018,000 VALUE($) CapitaLand 63,005,885 SingTel 61,910,830 Keppel Corp 60,420,750 DBS Grp 52,277,730 UOB 38,078,810 Genting SP 35,948,260 Olam 34,658,715 OCBC Bk 29,647,784 CapitaMall 26,859,246 CapMallsAsia
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    • Article
      Lock icon BROKERS’ TAKE
      968 6  -  Compiled by CAI HAOXIANG Consumer sector OCBC Investment Research, Dec 10 DESPITE starting 2012 on a bright note, the FTSE ST Consumer Services Index (FSTCS Index) failed to recover from a mid-year slump and could potentially finish in negative territory for the second consecutive year. While the broad
      968 words
    • Article, Illustration
      Lock icon Euro drops, dented by Italy’s political turmoil
      611 6 CURRENCIES Reuters [LONDON] The euro dipped against the dollar yesterday as political turbulence in Italy stoked concerns about the region’s near-term outlook. The euro was seen susceptible to further losses as the gap between eurozone peripheral bond yields and their German counterparts widened
      Reuters; PHOTO: REUTERS  -  611 words
    • Article
      Lock icon RISES
      102 6 BY CENTS CLOSE UP IS S&P500 ***** 366.6 2.1 GLD 10US$ ***** 107.5 0.5 JMH 6000 107.5 1.5 JSH 3588 72.1 1.7 UOB.ES.1212 1980 50.0 2.6 DBXT E50 10US$ 3937 33.0 0.7 DBXT FTVietnam 10US$ 1997 29.3 1.2 DBXT MSTHAI 10US$ 1990 22.0 0.9 Great Eastern 1530 20.0 1.3
      102 words
    • Article
      Lock icon FALLS
      125 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -63.5 -0.5 Jardine C&C 4778 -50.0 -1.0 UOB 1943 -30.0 -1.5 Isetan 477 -19.0 -3.8 Hyflux 6% CPS 10 ***** -17.0 -0.2 SIA 1068 -15.0 -1.4 OCBC Bk 4.5%NCPS 100 ***** -13.0 -0.1 YangzijiMBeCW*****1 6.1 -12.7 -67.6 DBXT MSTaiwan 10US$ 1831
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      Lock icon Page 7 Advertisements Column 1
      111 7 I CORUM LACHAUX-DE-FONDS SUISSE m m fi n -1 m. Vi. m .N 7 n vv^ S 4\ s" r ADMIRAL’S CUP LEGEND Watch with tourbillon escapement, 18K red gold case water-resistant to 30 meters. Sapphire crystal back. CORUM automatic movement with micro-rotor. CORTINA WATCH ESPACE Millenia Walk Tel: *****728
      111 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Hiring pace may slow further in Q1: survey
      378 8  -  Service sector is weakest among all sectors in net employment outlook By TEO HOONG CHEN THE pace of hiring in Singapore for the first quarter of next year is expected to be slower than this year’s, going by an employment outlook survey
      ST FILE PHOTO  -  378 words
    • Article, Illustration
      Lock icon Christmas gifts for needy old folk, children
      201 8  -  By TEO HOONG CHEN SOME 300 needy senior citizens and 200 children have reason to cheer this Christmas. As part of the Boys’ Brigade Share-a-Gift (BBSG) programme, over 500 partners and staff of Ernst Young (E&Y) will deliver household essentials to them. Yesterday,
      201 words
    • Article, Illustration
      Lock icon AGC won’t appeal Khoo’s sentence
      579 8  -  Judge made it clear this was unique case without precedent By GRACE LEONG PROSECUTORS who had sought a custodial sentence plus a fine against former Singapore Press Holdings (SPH) senior executive Peter Khoo told BT yesterday that they had decided not to appeal the sentence
      579 words
    • Article
      Lock icon Sembawang Engineers bags $118.5m contract for prison HQ
      253 8  -  By ONG CHOR HAO SEMBAWANG Engineers and Constructors has clinched a $118.5 million contract to build the new Prison Headquarters at the Changi Prison Complex. The company said yesterday that it had received the contract from the Singapore Prison Service for the
      253 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Thomson Rd white site tender awarded
        107 8 THE Urban Redevelopment Authority (URA) has awarded the tender for the white site at the junction of Thomson Road and Irrawaddy Road to Hoi Hup Realty Pte Ltd, Sunway Developments Pte Ltd and Hoi Hup JV Development Pte Ltd. The consortium had submitted the
        107 words
      • Article
        Lock icon V-P of HP Enterprise Services, Asia named
        74 8 HEWLETT Packard has appointed Rajesh Narasimhan as vice-president and general manager of HP Enterprise Services, Asia. The Singaporean will report to Bruce Dahlgren, senior vice-president and GM of HP Enterprise Services for the AsiaPacific and Japan. Mr Narasimhan was previously vice-president of applications
        74 words
    • Article, Illustration
      Lock icon Expert on corporate governance comes to NUS Business School
      273 8  -  By KIM MIN SEOK RANDALL Morck, professor at University of Alberta’s School of Business, has been appointed the Monetary Authority of Singapore (MAS) Term Professor in Economics and Finance at the National University of Singapore (NUS) Business School for 12 days
      273 words
    • Article, Illustration
      Lock icon SAP opens regional R&D headquarters in Singapore
      418 8  -  It plans to treble research staff here to 100 by 2014 By CHNG SZE NING SAP has opened its regional research headquarters in Singapore, the German software giant’s largest research location in the Asia Pacific. The centre is called the SAP Next Business
      418 words
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  • SME Inc
    • Article, Illustration
      Lock icon For a well-rounded education
      1117 9  -  Idy Ong believes a child’s non-academic development is just as important By JASLENE PANG EDUCATOR Idy Ong is one who believes that each child has to be developed as “a whole person”. The chief executive officer of private school, IDY Academy, agrees with the recent decision
      1,117 words
    • Article, Illustration
      Lock icon Dealing with the media
      1396 10  -  Many business owners may wish to work towards having a cordial relationship with the media. Such a strategy, as part of their corporate public relations exercise, has plenty of advantages By PAUL HENG The writer is founder/executive coach of NeXT Corporate Coaching Services WHY do SME
      PHOTO: REUTERS  -  1,396 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      65 9 S'”* 1 55EiiT UM J a r > B I r. z' f r* w 1 TIMES ARE CHANGING. ARE YOUR EMPLOYEES 7 SKILLS STILL RELEVANT? Keep pace with the evolving economy. Boost your employees’ productivity and enhance their capabilities through training. a Upgrade today at www.upgrade.sg or call 6883
      65 words
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      1379 10 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices ERATAT LIFESTYLE LIMITED (Company Registration No: *****5552D) NOTICE OF EXPIRY OF WARRANTS AT 5.00 P.M. ON 11 JANUARY 2013 THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the action you should take, you
      1,379 words
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      385 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 PURSUANT TO SECTION 290(2)(b) AND IN THE MATTER OF ITASIA PTE LTD (Company No: *****4387C) (In Members’ Voluntary Winding Up) By way of Shareholders’ Written Resolution dated 10th December 2012 the Special Resolutions set out below were duly passed: (1) Resolved
      385 words
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  • PRODUCTIVITY MATTERS
    • Article, Illustration
      Lock icon Delivering better quality
      1122 11  -  Changi General Hospital introduces new technology, redesigns job scopes and work processes, reports NISHA RAMCHANDANI reportsNISHA HEALTH CARE NISHA RAMCHANDANI Grappling with the rising demand for healthcare services, Changi General Hospital (CGH) has been introducing new technology as well as redesigning job scopes, infrastructure and work processes
      1,122 words
    • Article, Illustration
      Lock icon Polyclinics’ coordinated system of patient care
      1050 11  -  NHGP makes use of technology and the expertise of the entire healthcare team By TEH SHI NING PATIENTS visiting Woodlands Polyclinic with runny noses and sore throats could find themselves ushered into a Health Wellness Kiosk (Hawk) before they enter the doctor’s room. There,
      1,050 words
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  • MALAYS IA/IN DON ESI A
    • Article
      Lock icon Time dotCom soars on DiGi dividend plan
      522 12  -  It will distribute 137.5m DiGi shares worth RM668m to shareholders By PAULINE NG in Kuala Lumpur SHARES of Time dotCom (TdC) surged nearly 14 per cent to RM3.97 yesterday after it proposed to distribute some 137.5 million DiGi shares worth RM668 million (S$266.9
      522 words
    • Article, Illustration
      Lock icon Astro to focus on generating returns for shareholders
      879 12 Pay-TV operator puts aside ‘noise’ of its rocky IPO debut [PETALING JAYA] Fresh from announcing its third-quarter results, Astro Malaysia Holdings Bhd says it is ready to continue to push forward and put behind it the “noise” which had surrounded the stock’s
      PHOTO: AFP  -  879 words
    • Article
      Lock icon Bolton bungalows draw strong interest
      437 12  -  By PAULINE NG in Kuala Lumpur A PREVIEW launch of landed bungalows priced from RM2.4 million (S$960,000) in the Klang Valley has attracted strong interest from East Malaysian buyers, its developer said last week. Though lending rules might be stricter and the property gains tax
      437 words
    • Article, Illustration
      Lock icon Indonesia seen raising rates as rupiah weakens
      531 12 Bloomberg [JAKARTA] Bank Indonesia may begin raising the rate it pays lenders for overnight deposits as early as this week to shore up Asia’s worst-performing currency in the past year, as the largest trade deficit since at least 2008 revives pressure on the
      Bloomberg; PHOTO: BLOOMBERG  -  531 words
    • Article
      Lock icon Bumi probe documents were ‘doctored’, says Bakrie
      335 12 Bloomberg [LONDON] The Bakrie Group, an Indonesian family-run empire with investments from palm oil to property, said some documents used to justify a probe into London-listed coal producer Bumi plc were stolen or accessed by hacking. “Some of these documents appear then to
      Bloomberg  -  335 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon NarendraModi’s ascent a double-edged sword for BJP
      883 13 His record as chief minister is a plus but he is viewed with suspicion by many Reuters [NEW DELHI] As the prosperous, coastal Indian state of Gujarat goes to the polls this week, few doubt Narendra Modi will win a fourth successive term
      Reuters; PHOTO: REUTERS  -  883 words
    • Article
      Lock icon Ping An’s new business value rebounds in 2nd half of 2012
      691 13 Sales shift back to long-term riskprotection products [BEIJING] Ping An Insurance (Group) Co, whose biggest shareholder HSBC Holdings plc agreed to sell its 15.6 per cent stake, said growth in new business value recovered in the second half of
      691 words
    • Article, Illustration
      Lock icon The East India Co’s lingering ghost
      475 13 AFP [NEW DELHI] India’s bitter colonial past hangs heavily over the government’s renewed drive to open the in-ward-looking economy to foreign investment, even 65 years after Independence, analysts say. Despite a dramatic economic transformation in the past two decades, the emerging market giant’s 200
      AFP; PHOTO: REUTERS  -  475 words
    • Article
      Lock icon Chinese regulator may set up agency to help retail investors
      333 13 Reuters [SHANGHAI] China may create an agency that could file corporate governance lawsuits on behalf of individual investors as regulators attempt to restore confidence in the country’s struggling domestic equities markets, the official Shanghai Securities News reported yesterday. China Securities
      Reuters  -  333 words
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  • ECONOMY WATCH
    • Article
      Lock icon Europe banks want study done on eve of Basel adoption
      532 14 Bank body says impact of new rules unknown because of their piecemeal creation Bloomberg [COPENHAGEN] Europe’s banks are calling for a review of tougher financial regulations on the eve of their adoption as the region sinks into a recession, dimming
      Bloomberg  -  532 words
    • Article, Illustration
      Lock icon Distrust may hamperfiscal cliff debate
      628 14 It is fuelling doubts that both sides will live up to any deal Reuters [WASHINGTON] US President Barack Obama and his Republican opponents in Congress have entered a crucial week in the“fiscal cliff” impasse with more than just differences over taxes to bridge. Also in
      Reuters; PHOTO: AP  -  628 words
    • Article
      Lock icon UK, US outline plan to deal with failing big banks
      675 14  -  Regulators will have power to split them up to avert bailout By NEIL BEHRMANN By in London FOUR years after the worst financial crash since the Great Depression, British and American regulators have at last outlined a cross border plan
      675 words
    • Article, Illustration
      Lock icon Vietnam lowers growth outlook as inflation bites
      594 14 Reuters [HANOI] Vietnam’s economic growth will slow slightly to 5.1 per cent this year, a government report said, but the central bank will maintain a prudent and flexible policy on interest rates next year as inflation remains a concern. The estimate for GDP
      Reuters; PHOTO: REUTERS  -  594 words
  • Page 14 Advertisements
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      404 14 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF HAROLD PTE LTD (Co. Reg. No.: *****3651R) (IN CREDITORS’ VOLUNTARY LIQUIDATION) NOTICE is hereby given that the creditors of the abovenamed company, which is being wound up voluntarily, are required, on or before 15
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      23 14 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. WAT3 NOTICES
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  • WORLD
    • Article
      Lock icon Russia promises quick response to US bill
      460 15 Moscow is unhappy with a section of the approved legislation AP [MOSCOW] Russia will quickly retaliate against US officials after the US Congress approved a bill imposing sanctions on Russian officials accused of human rights violations, the lower house’s speaker said yesterday. The
      AP  -  460 words
    • Article, Illustration
      Lock icon Embattled EU receives 2012 Nobel Peace Prize
      722 15 AFP [OSLO] The European Union, facing its worst crisis in six decades, was officially awarded the 2012 Nobel Peace Prize yesterday for turning Europe “from a continent of war to a continent of peace”. With a score of EU heads of state and
      AFP; PHOTOS: REUTERS  -  722 words
    • Article
      Lock icon Recovered Iceland banks to sell US$ bonds
      682 15 The country is on a growth path after 2008 meltdown Bloomberg [REYKJAVIK] Banks created from the remnants of Iceland’s 2008 financial meltdown are now laying the groundwork for their first international debt sales. Islandsbanki, the state-created successor to failed Glitnir Bank, is setting
      Bloomberg  -  682 words
    • Article
      Lock icon Greece extends buyback offer to hit its target
      602 15 Athens aims to use the delay to get a further 3-4b euros in bonds for exchange Reuters [ATHENS] Greece has extended its offer to buy back debt until Tuesday, seeking more bids from bondholders after falling just short of a target to
      Reuters  -  602 words
    • Article
      Lock icon Man Group CEO to step down
      248 15 Bloomberg LONDON Dec. 10 Man Group, the biggest publicly traded hedge fund manager, said Manny Roman will replace Peter Clarke as chief executive officer after the firm’s biggest fund underperformed. Mr Clarke, 52, will step down from the board on Feb. 28, the London-based
      Bloomberg  -  248 words
    • Article, Illustration
      Lock icon Apple vs Samsung: No white flag in tech war
      851 16 The two juggernauts account for more than one in two smartphones sold Reuters [SEOUL] What a difference three months can make. At the end of August, Apple Inc seemed on top of the world. Fresh off a resounding US$1.05 billion US
      Reuters; PHOTO: REUTERS  -  851 words
    • Article, Illustration
      Lock icon Google taps Bermuda to avoid US$2b income tax
      754 16 It shifts US$9.8b to a shell company and cuts tax bill by half Bloomberg [ROME] Google Inc avoided about US$2 billion in worldwide income taxes in 2011 by shifting US$9.8 billion in revenues into a Bermuda shell company, almost double the total
      Bloomberg; PHOTO: AFP  -  754 words
    • Article
      Lock icon Austrian telecom merger could open door to more takeovers
      782 16 NYT [BERLIN] For nearly a decade, financial analysts have expected a wave of mergers and acquisitions to sweep Europe’s fragmented telecommunications sector, consolidating the region’s 102 mobile operators and creating a more efficient market. But the telecommunications landscape has remained largely
      NYT  -  782 words
    • Article, Illustration
      Lock icon Time running out for French labour chiefs
      615 16 Reuters [PARIS] Trade unions and employers are making slow progress on a pact to overhaul France’s rigid labour rules, raising the chances that President Francois Hollande will have to take the potentially explosive issue into his own hands. Rather than directly legislating reforms,
      Reuters; PHOTO: AFP  -  615 words
    • Article
      Lock icon Millions in Europe crushed into poverty by crisis
      562 17 Greece, Italy, Spain displaying signs of a major social crisis AFP [MADRID] Crushed by an austerity squeeze and towering unemployment, millions of Europeans joined the ranks of the newly poor in 2012 in a crisis that showed no mercy for the old,
      AFP  -  562 words
    • Article, Illustration
      Lock icon Samsung, Psy help push ‘Brand Korea’ in 2012
      735 17 AFP [SEOUL] A breakthrough year for “brand Korea” led by the rapper Psy and electronics giant Samsung has boosted efforts to promote a country that still feels overshadowed, under-ap-preciated and misunderstood. While some may question the benefit of a chubby thirty-something and
      AFP; PHOTO: AFP  -  735 words
    • Article, Illustration
      Lock icon Cash-strapped British towns selling art masterworks
      869 17 Fire sale generates national debate over the true value of public art The Washington Post [LONDON] Seeking to enrich the lives of their citizens, British cities and towns once embraced art for art’s sake, scooping up masterworks for display in squares, train stations, schools
      The Washington Post; AP FILE PHOTO  -  869 words
    • Article
      Lock icon Spanish business now leery of rescue bid conditions
      952 17 Lobby group’s caution in contrast to earlier stance Bloomberg [MADRID] Spain’s biggest business lobby is getting as cautious as Mariano Rajoy’s government on a possible bid request because of concern on just how stringent conditions might be to trigger European Central Bank
      Bloomberg  -  952 words
    • Article, Illustration
      Lock icon Bloomberg’s dilemma – To buy FT or not
      1072 18 Bloomberg’s dilemma To buy FT or not He fancies the paper but at issue is the business sense of print versus digital NYT [NEW YORK] Not long ago, The Financial Times would have been the crown jewel of any media company, instantly conferring prestige and influence on its owner. Now,
      NYT; PHOTO: AP  -  1,072 words
    • Article, Illustration
      Lock icon Browser wars again – phones & tablets now
      862 18 Browser wars again phones tablets now NYT [SAN FRANCISCO] When Google took a video camera to Times Square in 2009 and asked passers-by what a browser was, most of the answers were hilariously incorrect, from “a search engine” to “broadband” to “Yahoo”. But even if consumers aren’t sure what Web
      NYT; PHOTO: AFP  -  862 words
    • Article
      Lock icon Seoul may tighten banks’ forex derivatives rules
      293 18 Reuters [SEOUL] South Korea may start checking banks’ foreign exchange derivatives positions more frequently, a finance ministry official said yesterday, as regulators seek to strengthen the country’s defences against rapid foreign capital flows. Banks may be required to meet their currency derivatives ceilings
      Reuters  -  293 words
    • Article
      Lock icon Japan’s TV giants hawk US$3b of assets in giant ‘garage sale’
      775 18 Troubled Panasonic, Sony, Sharp selling buildings, businesses Reuters [TOKYO] Panasonic Corp, Japan’s struggling maker of Viera brand TVs, owns more than 10 million square metres of office and factory space, dormitories for its workers and sports facilities for its
      Reuters  -  775 words
  • Page 15 Advertisements
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      25 15 LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WW1M.HOTFM.SG I FACEBOOK.COM/HOTFMSG I J* HOTFMSG
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon US, China turn EU against carbon tax
      1292 19 EU official makes U-turn to delay move after intense pressure: source Reuters [BRUSSELS] The European Union’s landmark effort to charge foreign airlines for carbon emitted on flights in and out of Europe was already failing by the time French President Francois Hollande shared
      Reuters; PHOTO: AFP  -  1,292 words
    • Article
      Lock icon Iran shipping signals conceal ship movements
      583 19 Tankers appear to mask other vessels’ voyages to Syria Reuters [DUBAI] Iranian oil tankers are sending incorrect satellite signals that confuse global tracking systems and appear to conceal voyages made by other ships to Syria, which, like Iran, is subject to international sanctions. The
      Reuters  -  583 words
    • Article
      Lock icon China group buys into AIG plane lessor
      642 19 US$4.23b deal tops CIC’s purchase of Blackstone stake Bloomberg [NEW YORK] A Chinese group agreed to buy 80.1 per cent of American International Group’s plane-leas-ing unit for US$4.23 billion in the nation’s largest acquisition of a US company. The International Lease Finance Corp
      Bloomberg  -  642 words
    • Article
      Lock icon Virgin Atlantic picks Aer Lingus as short-haul traffic partner
      303 19 Bloomberg [LONDON] Virgin Atlantic Airways Ltd has chosen Aer Lingus Group Plc to operate UK routes feeding its long-haul services, the carrier’s first domestic flights, to help replace traffic lost when British Airways bought partner BMI. Using aircraft carrying the UK
      Bloomberg  -  303 words
    • Article
      Lock icon TRANSPORT STOCKS
      250 19 SGX '000 Dec 10 S$ +/-Vol CH Offshore 0.46 0.02 144 Chuan Hup Hldg 0.26 0.01 445 Cosco Corp 0.88 0.02 ***** S$ Ezra Hldgs 1.10 0.01 3732 First Ship Lea 0.12 unch 339 Freight Links 0.07 unch 1386 Grand Banks 0.31 -0.01 10 Jaya Hold Ltd 0.57
      250 words
    • Article
      Lock icon The Business Times Shipping Times
      1929 22 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 n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination
      1,929 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      307 19 CRYPTIC CROSSWORD Across 1 Chain reaction’s unstable end? Come off it! (6,6) 9 After drink around mid-after-noon, gets up and staggers (9) 10 Return of a New Age scene (5) 11 On holiday, taking in New York regardless (6) 12 Girl and small fellows say, dress up (8) 13 Airmen
      307 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Mamma mia! Uncertainty in Italy again
      495 20 EDITORIAL ITALY’S former prime minister, Silvio Berlusconi, is eyeing a return to power; his attempt to recapture the top seat may just throw his country and the eurozone back into disarray. The 76-year-old, who stepped down in November last year, left behind a heavily
      495 words
    • Article, Illustration
      Lock icon Different ways of looking at the monthly jobs report
      767 20  -  THE BOTTOM LINE LEON HADAR Washington Correspondent THE monthly jobs reports issued by the US Bureau of Labor Statistics served as political football during much of the 2012 presidential campaign. If the statistics pointed to an even slight up or down
      767 words
    • Article, Illustration
      Lock icon Nobel Peace Prize – a symbol of EU’s aspiration
      948 20  - Nobel Peace Prize a symbol of EU’s aspiration It nurtures hope that Europe will rise above its challenges, towards its objective of peace By MARC UNGEHEUER Ambassador Marc Ungeheuer is the head of delegation of the European Union to Singapore THE world watched the heads of the European Union’s three
      PHOTO: AP  -  948 words
    • Article, Illustration
      Lock icon Financial reporting not just auditor’s job
      1163 21  -  Preparers should accept responsibility for their preparation and work with auditors to raise financial reporting quality By KANG WAI GEAT The writer is deputy head of technical standards development and advisory with the Institute of Certified Public Accountants of Singapore (ICPAS) THE inherent need
      PHOTO: YEN MENG JIIN  -  1,163 words
    • Article, Illustration
      Lock icon A bigger role for adaptation is vital
      614 21  -  By SHYLA RAGHAV The writer is senior manager for climate change adaptation policy in Conservation International’s Centre for Environment and Peace. CI is a non-profit environmental organisation. THE last week in Doha marks five years since I began following cli-mate-change negotiations at COP
      PHOTO: AP  -  614 words
    • Article
      Lock icon Review need for electronic format reporting form
      163 21  -  LETTER TO THE EDITOR Denis Distant I APPEAL to the Singapore Exchange (SGX) to review the necessity for the recently introduced electronic format reporting form and, in particular, that used for reporting changes in shareholding in the company of directors and substantial shareholders.
      163 words
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  • Page 21 Advertisements
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      103 21 HAVE YOUR SAY Fax your letters to 6319-8277 or e-mail them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
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  • Page 22 Advertisements
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      34 22 PLACE YOUR AD HERE The Business Times Shippii G TIMES CALL JOE WOr IG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II
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      Lock icon Page 22 Advertisements Column 2
      33 22 Experienced ship maintenance find y h ou y r services services wanted, here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES ML UUJINLJJ IIIVILJ Shipping Times
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2969 23 Transaction date: Dec 10 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 Company Last Sale Vol Day Last Quote (’000) High Low Buyer Seller 149.5 92.5 AIMSAMPIReit 142 unch 1195 143.5 139.5
      2,969 words
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      Lock icon SGX CATALIST
      197 24 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 Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C’vr P/E Smil 12.2
      197 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      8450 24 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!*‘ AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD Bond 0.9851/ China Opportunities 2
      8,450 words
    • Article
      Lock icon GLOBALQUOTE
      193 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 41.5 26 Genting HK US$ US32 +0.5 2026 32 31.5 31.5 32 2107 Sale 228 180 TanChongInt HK217 -1 45 218 217 216 218 4.3 3.2
      193 words
    • Article
      Lock icon SGX ETF
      929 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 128.9 120.4 CIMB APAC Div 100S$D 125 128.6 129.6 105.5 95.8 CIMB APAC Div 100US$ US104 105 105.9 10.9 1323 1246 CIMBASEAN40 100S$D 1290 1310
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      635 25 Dec 10 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9584.46 9584.46 9517.40 Dec12 9555.00 9595.00 9465.00 9530.00 ***** *****6 Mar13 9530.00 9575.00 9450.00 9525.00 ***** ***** MSCI TAIWAN INDEX FUTURES SPOT 276.81 277.28 274.81 Dec12 277.40 278.20 275.00 276.20 ***** *****5 Jan13 277.20
      635 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Dec 7 Index Change Change Change Change Change Change World Preliminary 925.1 0.1 11.5 0.1 5.0 0.0 11.6 EAFE Preliminary 758.4 0.2 11.2 -0.1 4.5 -0.1 11.0 Europe Preliminary 1144.1 0.1 11.5
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      102 25 As on 7 December 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT FEB2013 1706.30 1685.80 1705.60 INDIA GOLD (E-GOLD) FUT FEB2013 571.90 566.00 571.70 CURRENCY EUR-USD FUT DEC2012 1.2973 1.2888 1.2934 BASE METAL COPPER FUT MAR2013 8096 8042 8077 INDEX IRON ORE (MBIO) IDX
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    • Article
      Lock icon CHICAGO BOT
      107 25 Dec 7 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 13 1472.25 1491.25 1498.25 1470.00 Mar 13 1472.00 1486.00 1493.75 1469.50 May 13 1453.25 1463.75 1471.00 1449.50 Jul 13 1441.50 1451.50 1458.00 1437.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 12 50.82
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 25 CRUDE OIL PRODUCTS Dec 07 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.26 -0.25 WTI (Near Mth) 85.97 -0.35 Dubai (1-Mth F) 103.28 -1.69 Tapis blend 112.44 -1.8 Minas 105.72 -1.8 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.28 -0.55 Jet Kerosene 123.22 -1.4 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Dec 10 S$ Bid Offer 1-month 1.2219 1.2229 2-months 1.2218 1.2229 3-months 1.2217 1.2228 6-months 1.2215 1.2227 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      66 25 Dec 7 Dec 7 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2086.75 2089.75 3 months 2094.00 2090.00 Copper, Grade A(US$/tonne) Cash 8012.25 7978.75 3 months 8035.00 8000.00 Lead(US$/tonne) Cash 2200.75 2202.50 3 months 2215.00 2214.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3
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    • Article
      Lock icon LIFFE
      80 25 Dec 7 COCOA (£/tonne) Close Prev High/Low Dec 12 1621 1620 1630/1607 Mar 13 1546 1547 1559/1531 May 13 1551 1552 1560/1537 Jul 13 1556 1557 1565/1542 COFFEE(US$/tonne) Close Prev High/Low Jan 13 1896 1905 1915/1875 Mar 13 1904 1911 1921/1882 May 13 1915 1923 1930/1897 Jul 13 1926
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      918 25 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 4 1 146 614 5.25 17 Conv Ratio Best World Intl Ltd W*****5 0.5 1 30 91 32.00 7 Price BiosensoMBeCW*****3 3.8 0.2 560 0.4 140 6 Biosensors
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 25 Dec 10 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 6.531 0.812 8.125 56.975 101.013 0.864 11.311 3.207 1.257 101.532 42.921 1.282 9.086 0.980 30.535 32.133 0.654 1.048 Canada 0.966 6.306
      470 words
    • Article
      Lock icon SIBOR
      56 25 Dec 10 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 0.***** SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates (S$) 1
      56 words
    • Article
      Lock icon PRECIOUS METALS
      137 25 Dec 10 GOLD(US$/oz) Dec 10 Dec 07 Hong Kong 1718.00 1712.40 Dec 07 Dec 06 London 1701.86 1700.43 1702.63 1701.29 Source: Thomson Reuters Source: Thomson Reuters CAST BAR Dec 10 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 151 67 5gm 428 335
      137 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 25 Dec 10 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 07-Mar-13 0.23 6-Month BS*****T 30-May-13 0.26 1-Year BY*****X 01-Nov-13 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 101.99 102.03 102.03 5-Year N*****0Z 2.375
      88 words
    • Article
      Lock icon PALM OIL
      57 25 Dec 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 12 2120.0 2111.0 2125.0 2120.0 10 2716 Jan 13 2212.0 2211.0 2230.0 2205.0 3017 ***** Feb 13 2300.0 2297.0 2317.0 2288.0 ***** ***** Mar 13 2353.0 2356.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 25 Dec 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2808 1.2823 1.0482 1.0486 Canadian dollar 1.2367 1.2383 1.0126 1.0121 Euro 1.5770 1.5784 1.2906 1.2907 NZ dollar 1.0186 1.0200 0.8336 0.8341 Sterling pound 1.9577 1.9599 1.6022 1.6027
      154 words
    • Article
      Lock icon INTERBANK RATES
      154 25 Dec 10 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ Offer Bid 7 days 0.22 0.12 1 month 0.30 0.20 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.65 0.45 9 months 0.80 0.60 12
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 As at 9am Dec 10 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.309 1.247 Can dollar 1.266 1.206 Euro 1.613 1.537 Sterling pound 1.993 1.917 NZ dollar 1.051 0.992 US dollar 1.245 1.186 Local dollars to 100 units of foreign
      121 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Nakheel’s notes return 48% this year
      917 26 Developer’s bonds make four times more returns than global peers Bloomberg [DUBAI] Islamic bondholders of Nakheel PJSC, which drove Dubai to the brink of default three years ago, made four times more returns than global peers this year as the developer gains from a
      Bloomberg; PHOTO: REUTERS  -  917 words
    • Article
      Lock icon Vancouver, HK firms to build HK$2.7b opera house
      419 26 6 firms shortlisted for future HK museum for contemporary and modern Asian art Bloomberg [HONG KONG] Vancouverbased Bing Thom Architects and local firm Ronald Lu have beaten out rival studios headed by Norman Foster and Moshe Safdie to clinch a deal to
      Bloomberg  -  419 words
    • Article, Illustration
      Lock icon World’s first industrial city changes its image
      841 26 Xinhua [LONDON] Britain is the world’s first industrial nation, while Manchester in the north west of England has a strong claim to being the world’s first industrial city. Its factories, warehouses, and trade became a symbol of awe and horror during its period
      Xinhua; PHOTO: BLOOMBERG  -  841 words
    • Article
      Lock icon Speculators drive up Dubai home prices 13%
      476 26 This despite 36,000 new units seen entering the market in the next 2 years Reuters DUBAI] The average apartment price in Dubai rose by 13 per cent this year and is expected to grow at the same rate next year as speculative buyers
      Reuters  -  476 words
    • Article
      Lock icon Emaar Properties, Dubai Holding announce residential project
      257 26 Dubai Hills will be part of mega tourism development MBR City Reuters [DUBAI] Dubai developer Emaar Properties and an arm of Dubai Holding, the ruler’s conglomerate, launched the first project in a planned multi-billion dollar flagship development on Sunday a complex of luxury
      Reuters  -  257 words
    • Article, Illustration
      Lock icon Lending gives a boost to US homebuilders
      1071 27 Mortgage revenue surges for major firms; wide margins drive earnings boom Bloomberg [BOSTON] Construction is taking a back seat to lending for some US homebuilders, turning the uneven housing recovery into an earnings boom. At PulteGroup Inc, the second-largest builder by market value,
      Bloomberg; PHOTO: REUTERS  -  1,071 words
    • Article
      Lock icon Chicago buildings adopt green, energy-efficient features
      962 27 Hotels, companies, schools join programme that aims to cut energy use by 20% AFP [CHICAGO] Chicago’s skyline is going green, as property managers install energy efficient tools such as motion detectors on office lights, in a project officials hope will inspire changes across the
      AFP  -  962 words
    • Article, Illustration
      Lock icon Whitley Residences, The Village previewed
      658 28  -  Hao Yuan to dish out freebies for its Woodlands EC project this month By KALPANA RASHIWALA AT least two freehold residential projects were rolled out last week. Hoi Hup sold 19 freehold cluster homes at The Whitley Residences at about $5 million each during a
      658 words
    • Article
      Lock icon Accor expands in Indonesia on strong growth
      610 28 Bloomberg [SYDNEY] Accor SA, Europe’s biggest hotel operator, plans to locate half of its new Southeast Asian properties in Indonesia to take advantage of the country’s growing economy and expanding middle class. The Paris-based company plans to increase the number of its hotels
      Bloomberg  -  610 words
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      68 27 0 P E R T Y f *4 u 9 RAMP-UP ftv/ ---**’■81 Loyang cre/c tainer trailers Ar con all firs, Ce%nn Vf sible to A dvprtico Ml ANCILLARY OFFICE Check this out and many other properties in CATS Classified in The Straits Times now! WATS BUY IT-SELL IT-FIND IT
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      Lock icon Page 27 Advertisements Column 2
      107 27 Collective Sale Hua Court, 63 Paya Lebar Crescent nex Serangoon i MRT i Interchange LOR AH SOO Paya Lebar P4. Methodist Girls’ PAYA LEBAR 0 JK SchPri/Sec -S, SUBJECT “It) Bartley BARTLEY RD Maris Stella Pri High Sch Freehold, facing park Zoned 3-storey Mixed Landed 1,515.4sqm (16, 311 sq ft)
      107 words
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      Lock icon Page 27 Advertisements Column 3
      157 27 Australian Property Finance III! 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. Web www.smats.net Email smats@smats.net
      157 words
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