The Business Times, 31 December 2012

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Total Pages: 26
1 26 The Business Times
  • 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 Monday, December 31, 2012
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  • 708 1  -  ‘High income’ definition Democrats put it at US$250k, Republicans prefer US$400k By LEON HADAR in Washington THERE are some signs of hope in Washington that Democratic and Republican lawmakers would be able to avert a full-blown fiscal crisis by reaching a
    PHOTO:AFP  -  708 words
  • MARKETS DIGEST
    • 57 1 Weekly Change ST INDEX 3,191.80 +28.24 KL COMP 1,681.33 +22.48 NIKKEI 225 10,395.18 +455.12 HANG SENG 22,666.59 +160.30 SET INDEX 1,391.93 +18.55 JAKARTA COMP 4,316.69 +66.48 MANILA COMP 5,812.73 -11.21 SEOUL COMP 1,997.05 +16.63 SHENZHEN B 696.32 +48.58 MUMBAI IND 19,444.84 +202.84 DOW 12,938.11 -252.73 NASDAQ 2,960.31 -60.70 S&P
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    • 17 1 SINGAPORE MALAYSIA HONG KONG 5.38 6.55 5.00 INDONESIA 13.989 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
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    • 49 1 US$ S$ US$ (S$ per US$) 1.223 (US$/S$ per 1.612 1.971 EURO (US$/S$/€) 1.325 1.620 Foreign currency per US$ S$ YEN 86.30 70.60 RM 3.063 2.505 HK$ 7.752 6.340 BAHT 30.62 25.04 RUPIAH 9,655 7,896 RENMINBI 6.231 5.096 INDIAN RUPEE 54.78 44.80 A$ 0.963 0.787 NZ$ 1.217 0.996
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  • 818 1  -  Pay level here hits 64% of US last year, from 44% in 2005 By CHUANG PECK MING [SINGAPORE] US companies such as Apple are shipping at least some of their overseas manufacturing operations back home to America. And it’s no wonder: The gap between what
    818 words
  • Page 1 Advertisements
    • 146 1 DINING OUT MAD about everything PAGE 20 BizIT Security risks remain high priority PAGE 26 MALAYSIA Volatile first-half ahead for bourse PAGE 12 INDUSTRIAL PROPERTY Slower rise in prices seen page 2 Window on 2013 Don't miss our 20-page pullout tomorrow on what's in store next year, as seen by
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  • TOP STORIES
    • 1361 2  -  More can be done to meet needs of industrialists, say market watchers By MINDY TAN [SINGAPORE] Even as the government has made a concerted effort to meet the needs of genuine industrialists, more can be done, say market watchers. “The government can consider
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    • 927 2  -  Punitive parts of cliff budget likely to be delayed: analysts WALL STREET INSIGHT By ROB CURRAN LIKE characters in the climax of an over-the-top Christmas film, US legislators have waited until the dying moments to resolve their bitter
      immediate.PHOTO: REUTERS  -  927 words
    • 18 2 Branchen Stars R1C-A 20/12/2012 157,57 EUR I db X-MACRO Trading Index Fund I4D 18/12/2012 89,66 GBP
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    • 596 2 Muted hope for deal to avert US fiscal cliff THERE are some signs of hope in Washington that Democratic and Republican lawmakers would be able to avert a full-blown fiscal crisis by reaching a deal before the Jan 1 deadline on extending the current tax cuts for all
      596 words
    • 741 4  -  Singapore investors account for US$2.1 b, or about half, of the Q3 withdrawals By CHUANG PECK MING [SINGAPORE] While global investors were flocking to Wall Street in July-Septem-ber, Asians, led by Singa-pore-based players, were heading in the opposite direction. Latest figures released by
      741 words
    • 763 4  -  Low rates will push more money into equities this year By NEIL BEHRMANN in London A YEAR ago none of the financial experts remotely thought that Greek government bonds would be the best performer in 2012. As usual, however, the markets
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    • 514 4  -  Developer says no merger talks with Wheelock By KENNETH LIM [SINGAPORE] Minority shareholders of SC Global Developments may have to temper their expectations for the New Year. SC Global Developments chief executive Simon Cheong will not raise his $1.80
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  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 64 4 YOUR MUST-HAVE PRESCHOOLGUIDE! How to choose the best preschool for your child Expert answers to all your preschool problems, from separation anxiety to learning woes Search for childcare and kindergartens by district we’ve got the complete listings! GET YOUR COPY NOW! Print edition $6 at major bookstores Digital edition $2.44*
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  • COMPANY NEWS
    • 1286 5  -  But analysts expect them to pick up, especially as global economic growth firms up in the second half of 2013 By ANDREA SOH IT WAS a gloomy year for commodities stocks. A confluence of volatile macroeconomic conditions, poor soyabean crush margins in China
      PHOTO: AFP  -  1,286 words
    • 247 5 Dec 28 BANKS Agricultural Bank Of China 5.50 Agricultural Bank Of China Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited 5.50 Bank of Communications 5.50 ...5.50 ...6.00 ...5.50 Bank of Tokyo-Mitsubishi ...5.50 Banque Internationale a ...5.75 ...5.50 Chang Hwa Commercial Bank 5.50 China Construction Bank
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    • 1817 7  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd UYBACK activity was high for the second straight year with 97 companies that posted 2,377 repurchases worth $717.7 million in 2012 (based on trades up to Dec 28, 2012).
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    • 308 7  -  Company hit by production woes all year, reports 425m yuan loss for Q4 By KENNETH LIM CHINA Flexible Packaging (CFP) has reported a net loss of 425.1 million yuan (S$83.5 million) net loss for the fiscal fourth quarter and expects
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  • Page 5 Advertisements
    • 220 5 Zt M v' I 5 M K /A > v/. ix <w M w J» A The C-Class 9% Prosperity Bonus plus 8% Cash Rebate a 3 m 0 M Class l I 1 5^ Class The S-Class 13% Prosperity Bonus plus 8% Cash Rebate The E-Class 11% Prosperity Bonus
      220 words

  • SINGAPORE MARKETS
    • 693 6  -  STOCKS R SIVANITHY Senior Correspondent THE Mayan calendar ended 10 days ago on Dec 21 but, contrary to what many doomsday adherents believed, the world didn’t end that day. There was no global catastrophe, no collision with an asteroid, meteor or
      693 words
    • 586 6 COMMODITIES AFP [LONDON] Commodity prices were mixed last week, heading towards the end of 2012, a year in which the values of raw materials such as oil and gold were determined largely by global economic strains and recovery hopes. Oil: Prices rose in
      AFP  -  586 words
    • 677 6 CURRENCIES Reuters [NEW YORK] The dollar edged up to a two-week high against major currencies on Friday as uncertainty about fiscal talks in Washington to avert tax hikes and spending cuts next year drove investors to the relative safety of the US currency. President
      Reuters  -  677 words
    • 1523 6 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 9.25 16.27 1.62 1.51 Amtek Engineering Ltd 3.00 2.83 5 0.05 7.87 0.60 0.50 ARA Asset Management 1.43 1.43
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    • 4 6 WEEKLY
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    • 73 6 Dec 28 VALUE CLOSE BT OB/OS 453.00 +88.0 BT CADI -*****.00 +160.0 BT 10-day MA -*****.00 +45.00 FTSE ST Mid Cap 774.08 +4.40 FTSE ST Small Cap 520.83 +3.05 FTSE ST All Share 780.97 +2.49 FTSE ST China Top 212.15 +0.72 FTSE ST China 238.16 +0.94 FTSE
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    • 52 6 VOLUME Informatics 703,635,000 MDR 687,507,000 Rowsley 584,226,000 YHM 485,202,000 MDR W*****5 385,743,000 GSH Corp 321,954,000 Healthway 295,368,000 Oceanus 233,687,000 TT Intl 219,372,000 SingXpress 195,830,000 VALUE($) Rowsley 155,868,375 SingTel 133,339,950 Wilmar 121,687,165 Olam 94,299,090 Genting SP 93,582,060 DBS Grp 90,155,430 Informatics 87,139,623 JMH 85,175,409 GLD 10US$ 80,232,407 LionGold
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    • 114 6 BY CENTS CLOSE UP JMH 6360 226.2 3.0 GLD 10US$ ***** 160.2 0.8 JSH 3659 121.0 2.8 DBS Bk 4.7% NCPS 100 ***** 116.0 1.1 DBXT FTVietnam 10US$ 2175 92.9 3.6 Lyxor EmergingMkts 1 1052 69.7 5.7 DBXT MSKorea 10US$ 6167 57.5 0.8 CIMBASEAN40 100S$D 1338 48.0 3.7 SPDRS
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    • 115 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -130.8 -1.0 IS S&P500 ***** -97.8 -0.6 KepLand.ES.1212 403 -17.0 -4.0 UOB.ES.1212 1969 -11.0 -0.6 OCBC Bk 4.5%NCPS 100 ***** -10.0 -0.1 DBXT S&P500 10US$ 2314 -9.8 -0.3 B Sembawang 673 -9.0 -1.3 DBS.ES.1212 1484 -9.0 -0.6 SIA 1089 -8.0 -0.7
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    • 5 6 WEEKLY
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  • Page 7 Advertisements
    • 12 7 ALMATY •w Beijing Seoul Bangkok Kuala Lumpur'ii Hong Kong Ho Chi Minh
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    • 406 7 More nimble than large caps, more stable than small caps. Why are U.S. mid caps in the sweet spot for investment? Get Substance the UBS House View Go to www.ubs.com/investment-ideas or scan the QR code with your smartphone 0 0 SafSt 0 Please contact your UBS client advisor, or call
      406 words

  • SINGAPORE NEWS
    • 774 8  -  ASK Kee Fong Wong director QUESTION: My company has several fixed deposits placed with a foreign incorporated bank licensed to carry out banking business in Singapore. What are the protections available to my company as a depositor in Singapore in the event of the
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    • 296 8 After 80 years, this palm blooms a sign that its end is nigh A PALM native to south-west India and Sri Lanka has burst into bloom at the Singapore Botanic Gardens, in a rare flowering that signals the end of its lifespan. The talipot palm (Corypha umbraculifera), now 80 years
      PHOTO: NICK BAKER  -  296 words
    • 300 8 Payment Ex Books Pay Ann (cts) date close date date Asia Pacific Brew ak 85.000 22-Jan 24-Jan 06-Feb 16-Nov Aspial Corporation ay 0.750 03-Dec 05-Dec 22-Jan 21-Nov CapitaMall Trust ch 1.550 27-Nov 29-Nov 28-Jan 04-Dec CapitaMall Trust ES (Nov Dec 2012) ch 1.550 27-Nov 29-Nov 28-Jan 04-Dec Far
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  • Page 8 Advertisements
    • 2446 8 SINOBEST TECHNOLOGY HOLDINGS LTD. Incorporated in Bermuda (Company Registration No. *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting (“SGM”) of SINOBEST TECHNOLOGY HOLDINGS LTD. (the “Company”) will be held at 1 Robinson Road, #18-00 AIA Tower, Singapore *****2 on 23 January 2013 at
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    • 101 8 HAVE a pressing question about a corporate-law-related issue that your company is facing? Lawyers from Stamford Law will provide their expert advice and answers to your queries on a weekly basis. All you need to do is send us an e-mail with your query at btnews@sph.com.sg and include particulars such
      101 words

  • Page 9 Advertisements
    • 121 9 t [0-*' IV, Vi; v, r rf-u •■‘■oh-' 1 JHfe WHIJJ I 3 >>» >■>. EL. n L r" v 1 2W Sfc/ M' 1 iTj i co^^co ES &J 1 H M.-.AN 44u '■P I T-® rs MAN Truck Bus, from Germany, is a top-ranking international supplier of commercial
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1409 10  -  But returns were actually quite strong. PAUL SULLIVAN looks at what investors should have done if they had not been scared by the turmoil of the past few years PAUL SULLIVAN NYT IF there was one word that applied to investing this year, it was
      NYT; PHOTO: AP  -  1,409 words
    • 1178 10  -  Adler Poh, 25, owns a 32-bed boutique hostel in Chinatown, reports TEH SHI NING reportsTEH STARTING YOUNG TEH SHI NING AS a kindergartner, Adler Poh already dreamed of running his own business. Stories of how his tycoon great-grandfather built up his group of businesses from
      PHOTO: DFSMONP FOTVTHE STRAITS TIMES  -  1,178 words
  • Page 10 Advertisements
    • 157 10 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to
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  • Page 11 Advertisements
    • 74 11 TO BE DRIVEN TO DRINK THAN TO BE DRIVEN TO JAIL. DON’T DRIVE TO DRINK AND YOU’LL NEVER DRINK AND DRIVE. i A 1 This community service message is brought to you by SINGAPORE POLICE FORCE A SINGAPORE ABROAD SAFETY '*±1 COUNCIL IF YOU NEED TO, WE CAN HELP YOU
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  • MALAYSIA/INDONESIA
    • 962 12  -  Uncertainty fuelled by impending general election weighs on sentiment By PAULINE NG in Kuala Lumpur THE first half of 2013 is expected to be uncertain, volatile and choppy for Malaysia’s equity market given expectations that the impending 13th general election (GE) will be a
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    • 326 12 [KUALA LUMPUR] Malaysian palm oil refiners now have a “survival chance” to compete with their neighbours, thanks to the government’s decision to cut crude palm oil (CPO) tax to between 4.5 per cent and 8.5 per cent. The refiners, however, said that they
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    • 453 12 Central bank likely to keep benchmark rate unchanged Reuters [JAKARTA] Indonesia had another trade deficit in November while inflation eased further in December, according to a Reuters poll whose results point to the central bank holding its benchmark rate steady at a meeting
      Reuters; PHOTO: AFP  -  453 words
    • 1608 12 VOL DEC 28 RM +/-(‘000) VOL Advance Synerg 0.15 unch 418 Adventa Bhd 1.91 -0.02 370 Ae Multi Hldgs 0.22 unch 436 Affin Holdings 3.46 0.05 524 Ahmad Zaki Res 0.69 0.02 122 Airasia Bhd 2.73 0.03 9343 Alliance Finan 4.39 0.05 534 Aluminium Co 0.69 unch 0
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  • Page 12 Advertisements
    • 45 12 ST Car of the Year Browse for the best cars of 2012 and more at your trusted car portal STCars.sg! j* Buy, sell or rent. At STCars.sg, your ideal car isn’t hard to find. A product of Sf'l, Singapore’s Most Trusted Media Group 6 STCARS.sg
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  • GREATER CHINA/INDIA
    • 648 13 It says it will try to stabilise growth, rebalance economy, contain inflation Bloomberg [BEIJING] China’s central bank said it will focus on controlling risks in the financial system and will seek “stable and appropriate” growth in aggregate financing, a measure of funding that
      Bloomberg  -  648 words
    • 266 13 Xinhua [BEIJING] A state think-tank specialist has forecast that China’s gross domestic product (GDP) growth next year will exceed 8 per cent, and he also projected that the increase in consumer inflation will be higher than this year. Lu Zhongyuan, deputy director of
      Xinhua; PHOTO: AFP  -  266 words
    • 735 13 29,000 firms drawn to its high-tech development zone AFP [CHENGDU] Entrepreneurs in China’s south-west are dreaming of turning the city of Chengdu into the world’s next Silicon Valley as the government encourages more investment outside the booming coastal regions. Small start-ups
      AFP  -  735 words
    • 853 13 Clinics hope patients will pay more for modern facilities Reuters [MUMBAI] Private equity funds quadrupled their investment in India’s primary health care, betting the sick and ailing will stop seeing family doctors in often cramped and dingy quarters
      Reuters; PHOTO: REUTERS  -  853 words
  • Page 13 Advertisements
    • 287 13 The Lion’s Roar 6 th Jan 2013 'Making New Year Resolutions" by Bro. Kweh Soon Han 13 ,h Jan 2013 "Cultivating Compassion for A Meaningful Enriching Life" by Bro. Kweh Soon Han 20 th Jan 2013 "How To Make Best Use of your Present Precious Human Existence" by Bro. Kweh
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  • ECONOMY WATCH
    • 786 14 Harsh drive for healthy finances may worsen debt crisis, say officials AFP [PARIS] The International Monetary Fund and European Commission officials have encouraged France and its eurozone partners not to fixate on deficit reduction targets if it would exacerbate the bloc’s
      AFP; PHOTO: AFP  -  786 words
    • 472 14 Reuters [SAO PAULO] Brazil’s government has proposed changes to a fiscal responsibility law that set the foundation for a decade of economic prosperity in the country, two newspapers said on Saturday. The changes would make it easier for the government
      Reuters; PHOTO: REUTERS  -  472 words
    • 940 14 The G-10 never dreamed their debt would be affected ANALYSIS Reuters [LONDON] When 10 wealthy countries first demanded legal provisions making it easier to restructure government bonds in a crisis, they never thought that this would apply to their own debt. A
      Reuters  -  940 words
    • 534 14 Reuters [RIYADH] Saudi Arabia has set a record state budget for next year as high oil prices allow heavy spending on welfare and infrastructure projects, helping it avoid the severe social unrest seen in other parts of the Arab world. The government plans to
      Reuters  -  534 words
  • Page 14 Advertisements
    • 594 14 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices In the Matter of The Companies Act, Cap. 50 And In the Matter of TXT MOBI Pte Ltd (In Creditors’Voluntary Liquidation) (Co. Reg. No. *****2035R) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies
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    • 150 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SOLAR ENERGY POWER PTE. LTD. (CO.REG.NO. *****7898H) (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Chapter 50, that the Final Meeting of Members
      150 words

  • WORLD
    • 690 15 If Congress doesn’t act he will bring new bill to cut taxes for the middle-class Reuters [WASHINGTON] Financial markets would be affected adversely if US lawmakers fail to agree on a “fiscal cliff” deal before tomorrow, President Barack Obama said in an
      Reuters  -  690 words
    • 263 15 AFP [TOKYO] Taiwan’s Chinatrust Commercial Bank is in talks to take over a regional Japanese bank in what would be the first such foreign acquisition, a report said yesterday. The major Taiwanese bank has already told the shareholders of Tokyo Star Bank
      AFP  -  263 words
    • 806 15 Bloomberg [PARIS] A court’s rejection of President Francois Hollande’s 75 per cent millionaire tax shows the limits on his ability to tap high earners, even as the ruling is unlikely to attract investors and executives back to France. “For investors and entrepreneurs, it shows that
      Bloomberg; PHOTO: REUTERS  -  806 words
    • 547 15 Reuters [FRANKFURT] The vice-president of Germany’s Bundesbank has proposed setting limits for how much banks can lend to governments and backing such exposures with adequate capital to make them less reliant on taxpayers’ help in crisis times. Sabine Lautenschlaeger, who is also a
      Reuters  -  547 words
    • 462 15 Reuters [LONDON] Prime Minister David Cameron said yesterday that Britain was heading in the right direction on all its major issues and could look forward to 2013 with realism and optimism. In a New Year video message, Mr Cameron said the country had made
      Reuters  -  462 words
    • 594 16 Analysts optimistic the worst is over despite political uncertainty ahead of Feb elections AFP [ROME] Italy is ending 2012 on an upbeat note, with renewed financial market confidence and optimism among analysts that the worst of the financial crisis is over,
      AFP  -  594 words
    • 872 16 All British Olympic gold medallists from 2012 games on list AP [LONDON] Stella McCartney, who designed the uniforms worn by Britain’s record-smashing Olympic team, and Scottish physicist Peter Higgs, who gave his name to the so-called “God particle”, are among the hundreds being honoured
      AP; PHOTOS: AP, AFP, REUTERS  -  872 words
    • 422 16 AFP [LA PAZ] Bolivia nationalised electric utilities owned by Spain’s Iberdrola on Saturday, sending police and troops to enforce the latest expropriation ordered by the populist leader of South America’s poorest nation. President Evo Morales announced a decree targeting Iberdrola-owned utilities Electropaz and Elfeo in
      AFP  -  422 words
    • 842 16 Q4 deal volume up 16% but number of transactions dip 26% NYT [NEW YORK] Paul Schnell has worked on some of the biggest mergers announced this year a period in which, he says, the business of buying and selling companies is in the
      NYT  -  842 words
    • 956 17 Companies shifting capital into more attractive emerging markets: economists ANALYSIS Reuters [LONDON] Five years into the great financial crisis, private investment in rich countries is still dead in the water, underlining the depth of the downturn and offering fresh evidence of the global
      Reuters; PHOTO: BLOOMBERG  -  956 words
    • 579 17 Bristol-Myers Squibb will make Eliquis while Pfizer will help market it NYT [NEW YORK] The Food and Drug Administration (FDA) last Friday approved Eliquis, an anti-clotting drug that has been highly anticipated by cardiologists and is expected to be a blockbuster for BristolMyers Squibb, which
      NYT  -  579 words
    • 508 17 NYT [ATHENS] A former Greek finance minister appeared to be implicated on Friday in the tampering of the so-called Lagarde list of Greeks with Swiss bank accounts after prosecutors revealed that three of his relatives had been removed from the list. The
      NYT  -  508 words
    • 737 17 Rinehart, Singleton may seek control of media firm, he says Bloomberg [SYDNEY] Billionaire Gina Rinehart and investor John Singleton may seek control of Fairfax Media Ltd to pursue asset sales after teaming up to boost their influence at the newspaper publisher, analyst
      Bloomberg  -  737 words
    • 1928 18 But rosy projections mask concerns of corruption and the sharing of wealth Reuters [SANGBULIMA, Sierra Leone] In sight of a crumbling 18th century slave trade fort overgrown with jungle, a conveyor belt pours ochre-red iron ore into the belly of a bulk carrier
      Reuters; PHOTO: REUTERS  -  1,928 words
    • 902 18 Sex, drugs and rock roll the other boom Down Under Foreign sex workers, drug smugglers, global rock acts cash in on Lucky Country Reuters [CANBERRA] Forget Australia’s mining boom. The nation’s strong economy, high currency and wages have made it a magnet for sex, drugs and rock and roll. Foreign
      Reuters  -  902 words
  • Page 15 Advertisements
    • 1176 15 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PREF 4 PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO.REG. NO. *****4044G Extract of the Minutes of an Extraordinary General Meeting of PREF 4 PTE. LTD. signed by the Representative of the Holding Company pursuant
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  • SHIPPING/AVIATION
    • 514 19 Result is a proprietary system for fine tuning Internet signals AP [CHICAGO] If the wireless Internet connection during your holiday flight seems more reliable than it used to, you could have the humble potato to thank. While major airlines offer in-flight Wi-Fi
      AP; PHOTO: AP  -  514 words
    • 392 19 New rules will speed up applications for broadband access LAT–WP [WASHINGTON] US federal officials inched closer to allowing the Internet aboard more flights, one of the last places generally off limits to the Web. The Federal Communications Commission on Friday approved
      LAT–WP  -  392 words
    • 251 19 Reuters [DUBAI] Qatar Airways said it was filing a US$600 million legal claim against a contractor for a delay in opening a new international airport in Doha. Lindner Depa Interiors, a German-Du-bai joint venture, holds a US$250 million contract to build
      Reuters  -  251 words
    • 225 19 Bloomberg [LONDON] Shipyards in China, the world’s largest ves-sel-building nation, are at risk of closing after they failed to secure orders, according to ICAP Shipping International Ltd. Thirty-eight per cent of yards in the country did not get contracts for new vessels in
      Bloomberg  -  225 words
    • 367 19 More than 400 on 2 vessels in the Caribbean suffer vomiting, diarrhoea AFP [MIAMI] An outbreak of vomiting and diarrhoea has sickened more than 400 vacationers and crew members aboard two Christmas-time cruises in the Caribbean, the CDC said on Saturday. The CDC said
      AFP  -  367 words
    • 3417 24 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
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  • Page 19 Advertisements
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  • Page 19 Miscellaneous
    • 321 19 CRYPTIC CROSSWORD Across 1 He coaxes reluctant dancer to writhe about with her holding arm (5,7) 9 Bury’s features shared link (9) 10 Bohemian bar being talked about (5) 11 Small loans to young people (3-3) 12 Forsaken beauty loses cool (8) 13 US raid ‘compromised’ that’s the line coming
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  • DINING OUT
    • 910 20  -  From dimsum to tapas and even a bric-a-brac retail shop, Tung Lok group’s new eatery covers it all, says JAIME EE JAIME EE NEW RESTAURANT MAD #01-20/21 The Grandstand 200 Turf Club Road Tel: 6466-3303 Mon-Fri: 10am to 10.30pm Sat-Sun: 9am to 10.30pm VEERING between a
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  • Page 20 Advertisements

  • SINGAPORE STOCKS
    • 3219 21 Week ended: Dec 28 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 Last Vol Week Last Quote Div GrYld 151.5 94 AIMSAMPIReit 150.5 +3.5 1246 151.5 146.5 150 151 5.5 14.4 675 M
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    • 299 22 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 Last 4.6 1.3 t Advanced System 1.7 +0.2 ***** 1.8 1.6 1.6 1.7 25.3 Week Last Quote Div Gr Yld Net M Cap High
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    • 251 22 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 41.5 26.5 Genting HK US$ US34 +0.5 ***** 34 33 33.5 34 2238.7 Sale 247 181 TanChongInt HK247 +13 468 247 240 242 247 4.3 2.8
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    • 115 22 Stock name Close Change CapMallsAsia 1.950 +0.010 CapitaLand 3.750 +0.020 CapitaMall 2.150 +0.020 CityDev 12.830 -0.070 ComfortDelGro 1.795 +0.015 DBS Grp 14.980 +0.120 F&N 9.670 +0.010 GLP 2.740 -0.010 Genting SP 1.390 +0.010 Golden Agri 0.655 +0.005 Stock name Close Change HK Land 7.010 +0.010 IHH
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    • 2137 22 Transaction date: Dec 28 HONG KONG Vol HK$ +/-'000 Aeon Stores 21.30 0.60 2 Angang Steel 5.69 0.08 7434 Anhui Conch 28.30 unch 6166 Anhuiexpresswa 4.39 -0.03 672 Asia Satellite 24.75 unch 0 Asm Pacific 93.75 -0.90 211 Bank Of E Asia 29.70 0.15 1186 Beida Jade Bir
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    • 189 22 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 12 2 3 0 0 0 12 2 3 Manufacturing 128 41 21 17 11 9 145 52 30 Commerce 49 14 15 9 4 4 58 18 19 Tpt/Stor/Comms
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    • 977 22 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 116.1 ABF SG Bond ETF 120 +1.7 12 121 120 118 120 547.8 133.8 120.4 CIMB APAC Div 100S$D 133.8 134.9 136.1 106.3 95.8 CIMB
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    • 123 22 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 78,116 78,116 120,926 120,926 Manufacturing 1,598,112 365,609 1,963,721 594,122 7,593 601,715 Commerce 1,101,631 102,229 1,203,860 428,126 4,618 432,744 Tpt/Stor/Comms 230,800 76,391 307,191 336,133 23,816 359,949 Finance 230,964 655 231,619 251,907 271 252,178 Construction 486,072 489,954
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  • Page 22 Advertisements
    • 26 22 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
    • 617 23 Dec 28 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.36 *****.63 *****.85 Mar13 *****.00 *****.00 *****.00 *****.00 ***** *****9 Jun13 *****.00 *****.00 *****.00 *****.00 35 2517 MSCI TAIWAN INDEX FUTURES SPOT 276.36 277.23 275.27 Jan13 273.50 276.60 272.00 275.00 ***** *****2 Feb13 273.00
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    • 373 23 In local curr In S$ In US$ dy yr dy yr dy yr Dec 28 Index Change Change Change Change Change Change World Preliminary 932.8 -0.4 12.4 -0.3 6.2 -0.4 12.6 EAFE Preliminary 775.1 -0.3 13.6 -0.2 7.2 -0.2 13.7 Europe Preliminary 1147.5 -0.7 11.8
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    • 94 23 As on 28 December 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT FEB2013 1664.50 1655.60 1656.00 INDIA GOLD (E-GOLD) FUT FEB2013 558.15 555.50 556.40 CURRENCY EUR-USD FUT MAR2013 1.3265 1.3176 1.3229 BASE METAL COPPER FUT MAR2013 7965 7916 7914 INDEX IRON ORE (MBIO) IDX
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    • 107 23 Dec 28 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 13 1424.00 1418.75 1431.75 1417.50 Mar 13 1418.00 1414.00 1427.25 1412.75 May 13 1409.50 1405.00 1417.25 1405.00 Jul 13 1407.25 1401.50 1412.00 1401.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 13 48.94
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    • 70 23 CRUDE OIL PRODUCTS Dec 27 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.26 -0.71 WTI (Near Mth) 91.06 0.04 Dubai (1-Mth F) 106.17 0.88 Tapis blend 116.44 1.26 Minas 109.02 1.26 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.83 1.39 Jet Kerosene 126.63 1.94 US$/barrel OpecOil Basket
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    • 22 23 Dec 28 S$ Bid Offer 1-month 1.2228 1.2230 2-months 1.2228 1.2230 3-months 1.2227 1.2230 6-months 1.2226 1.2229 Source: OCBC
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    • 64 23 Dec 28 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2030.75 2046.00 3 months 2063.00 2080.00 Copper, Grade A(US$/tonne) Cash 7866.50 7893.00 3 months 7887.00 7915.00 Lead(US$/tonne) Cash 2318.00 2318.50 3 months 2335.00 2336.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • 79 23 Dec 28 COCOA (£/tonne) Close Prev High/Low Mar 13 1438 1441 1448/1433 May 13 1445 1448 1454/1441 Jul 13 1456 1459 1462/1453 Sep 13 1465 1466 1473/1461 COFFEE(US$/tonne) Close Prev High/Low Jan 13 1961 1960 1971/1945 Mar 13 1911 1920 1925/1904 May 13 1919 1928 1932/1913 Jul 13 1924
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    • 1101 23 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 1 146 650 5.00 17 Conv Ratio Best World Intl Ltd W*****5 0.5 1 30 74 35.00 7 BiosensoBPeCW*****2 17.8 -2.2 15 1 120 7 Prem Biosensors
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    • 470 23 Dec 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.033 6.472 0.784 8.051 56.900 100.277 0.897 11.114 3.181 1.264 100.967 42.650 1.270 8.825 0.947 30.154 31.802 0.644 1.039 Canada 0.968 6.266
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    • 60 23 Dec 28 (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$) 0.***** 3 mths 0.***** 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates
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    • 134 23 Dec 28 GOLD(US$/oz) Dec 28 Dec 27 Hong Kong 1671.00 1667.70 Dec 28 Dec 27 London 1655.82 1662.04 1656.61 1663.26 Source: Thomson Reuters CAST BAR Dec 28 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 147 65 5gm 417 327 10gm 744 653
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    • 85 23 Dec 28 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 28-Mar-13 0.23 6-Month BS*****W 27-Jun-13 0.26 1-Year BY*****X 01-Nov-13 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 101.91 101.94 101.91 5-Year N*****0Z 2.375
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    • 57 23 Dec 28 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 13 2339.0 2350.0 2382.0 2331.0 262 5068 Feb 13 2433.0 2431.0 2468.0 2421.0 2414 ***** Mar 13 2470.0 2481.0 2515.0 2467.0 ***** ***** Apr 13 2523.0 2532.0
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    • 154 23 Dec 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2695 1.2702 1.0384 1.0388 Canadian dollar 1.2291 1.2301 1.0059 1.0053 Euro 1.6199 1.6206 1.3250 1.3253 NZ dollar 1.0041 1.0048 0.8213 0.8217 Sterling pound 1.9706 1.9714 1.6118 1.6122
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    • 121 23 As at 9am Dec 28 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.297 1.236 Can dollar 1.257 1.198 Euro 1.657 1.579 Sterling pound 2.007 1.930 NZ dollar 1.036 0.978 US dollar 1.247 1.188 Local dollars to 100 units of foreign
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    • 154 23 Dec 28 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.10 US$ Offer Bid 7 days 0.30 0.20 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
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  • Page 25 Advertisements
    • 135 25 TO ADVERTISE IN The Business Times SHIPPING TIMES CALL JOE WONG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 The Business Times I I LIU JIIMLJJ 11V11 I Shipping Times
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 933 26  -  Businesses and govts face challenges in fending off online threats as hackers become more sophisticated, reportsAMIT ROY CHOUDHURY reportsAMIT reportsAMIT ROY CHOUDHURY BUSINESSES and governments will give high priority to defending against escalating online security threats in the New Year, according to security specialists. Christian
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    • 961 26  -  Windows operating system powering them delights but also frustrates <cool stuff> KENNETH JAMES THERE’S a lot to like in the new generation of Windows smartphones. Microsoft, whose new Windows Phone 8 operating system (OS) powers these new devices, can take quite a bit of
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    • 924 26  -  They’re transitioning from systems designed for needs of 20 years ago By VICTORIA HO COMPANIES spent 2012 struggling to keep up with user demands for mobile devices and centralised compute resources, but the power crunch is a
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