The Business Times, 22 December 2009

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Total Pages: 30
1 30 The Business Times
  • 23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg Sf!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Tuesday, December 22,2009
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  • 788 1  -  ARTHUR SIM But LVS chairman Adelson is unfazed as D-Day nears By [SINGAPORE] Las Vegas Sands (LVS), which is in the midst of applying for its casino licence for Marina Bay Sands (MBS), may not have the help of junket operators when it
    SEAH KP/LIANHEZAOBAO  -  788 words
  • 618 1  -  NISHA RAMCHANDANI Share sale may raise $200 m to fund new bases, planes; SIA, Temasek won't divest stakes By [SINGAPORE] Low-cost carrier (LCC) Tiger Airways, which lodged its preliminary prospectus with the Monetary Authority of Singapore (MAS) yesterday, plans to use the money
    BLOOMBERG  -  618 words
  • MARKETS DIGEST
    • 81 1 IS$ (S$ per US$) 1.404 (USS/SS per 1.614 2.265 ;URO (US$/S$/E) 1.432 2.010 Foreign currency per US$ S$ 'EN 90.50 64.50 3.435 2.447 IK$ 7.755 5.526 !AHT 33.23 23.68 lUPIAH 9,495 6,765 lENMINBI 6.829 4.865 INDIAN RUPEE 46.83 33.36 1.130 0.805 1COMP 1,255.66 -11.31 IIKKEI225 10,183.47 +41.42 1ANG SENG
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    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 15.776 TAIWAN 4.696 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.53 INDIA 11.75 Source:
      Bloomberg  -  29 words
  • Page 1 Advertisements
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    • 201 1 The CFB AlOOO caliber, developed and produced by Carl F. Bucherer, writes watchmaking history. Innovative use of traditional watchmaking expertise transforms this unique micro-mechanical r-^ J device into the movement of the future. The ingenious self-winding system with its peripheral V>" rotor provides an unimpeded view of the detail inside.
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  • Page 1 Miscellaneous
    • 37 1 ACQUISITIONS OPINION «fifo SME Inc WBBfiUBTWA BANKING KrisEnergy on Christmas Obama is doing all right; What women Hong Leong, EON shopping spree grade him well want merger likely PAGE 10 PAGE 22 PAGE 11 IfiHl PAGE 16
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 51 2 LOW cost carrier Tiger Airways, which lodged its preliminary prospectus with the Monetary Authority of Singapore yesterday, plans to use the money raised from its listing on the Singapore Exchange to fund aircraft acquisitions as well as set up new bases. FRONT
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      • 57 2 LAS Vegas Sands, which is in the midst of applying for its casino licence for Marina Bay Sands, may not have the help of junket operators when it opens in April. LVS chairman Sheldon Adelson said: "I don't think the (Singapore) government is
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      • 47 2 CHINA is targeting 8 per cent growth in 2010 amid a "fragile" global recovery, Industry Minister Li Yizhong said. The nation also aims for an 11 per cent gain in industrial production, Mr Li said. TOP STORIES, PAGE 2
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      • 47 2 SINGAPORE'S unemployment rate is likely to remain high even as the economy is showing signs of recovery, said Manpower Minister Gan Kirn Yong yesterday. "This is because typically, employment will lag behind economic recovery." TOP STORIES, PAGE 4
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      • 69 2 JAPAN'S exports to China and the rest of Asia rose for the first time in 14 months during November, resulting in a larger than expected trade surplus for the month. At the same time, Japan's all-industry index of industrial activity rose by
        69 words
      • 73 2 THE three directors of HG Metal Manufacturing facing an ousting bid by a fellow director has defended the company's financial health and management. This was in response to a recent move by director Sia Ling Sing, who is also the firm's largest shareholder, to
        73 words
      • 39 2 EAGLE Brand Holdings has entered into agreements to dispose of its equity interests in three key subsidiaries a move that will leave it as a cash company. COMPANY NEWS, PAGE 7
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      • 68 2 THE battered semiconductor industry is projected to be on the mend from next year and a new survey reveals Asia could hold the key to this recovery. Eighty seven per cent of the respondents to a recent poll conducted by KPMG said they
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      • 51 2 SINGAPORE-based exploration and production newcomer KrisEnergy set up by the founders of former listed Pearl Energy has been on a "Christmas" shopping spree. It has just bought a package of assets in Indonesia and Vietnam from UK-based Serica Energy for US$9B.6 million. SINGAPORE NEWS, PAGE
        51 words
      • 35 2 A MERGER between Hong Leong Bank and EON Bank to create Malaysia's fourth largest bank with assets of RM110.5 billion could be in the offing. MALAYSIA/INDONESIA, PAGE 16
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    • 788 2 Reuters UAE minister says more aid possible, no impact seen on emirates' growth [DUBAI] State-owned Dubai World did not ask creditors for a standstill on its US$22 billion debt at a meeting yesterday, adding to uncertainty for investors who have been in the
      Reuters; REUTERS  -  788 words
    • 684 2 Bloomberg, Reuters [BEIJING] China, the world's third-biggest economy, is targeting 8 per cent growth in 2010 amid a "fragile" global recovery, Industry Minister Li Yizhong said. The nation also aims for an 11 per cent gain in industrial production, Mr Li said
      Bloomberg, Reuters  -  684 words
    • 622 4  -  FELDA CHAY Manpower minister says rate will remain high for some time as it lags recovery By [SINGAPORE] Singapore's unemployment rate is likely to remain high even as the economy is showing signs of recovery, said Manpower Minister Gan Kirn Yong
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    • 711 4  -  ANTHONY ROWLEY Exports to Asia in November up for first time in 14 mths By in Tokyo JAPAN'S exports to China and the rest of Asia rose for the first time in 14 months during November, resulting in a larger-than-expected overall Japanese
      REUTERS  -  711 words
    • 434 4 -LATWP [HOLLYWOOD] Snow on the East Coast put a dent in the domestic opening of Avatar but wasn't enough to keep the hugely expensive movie from the global launch it needed. The 3D epic from director James Cameron, which cost US$43O million to
      -LATWP  -  434 words
    • 356 4 Bloomberg [KUALA LUMPUR] Malaysian Airline System Bhd (MAS), the national carrier, is considering raising at least RMI billion (Ss4lo million) selling shares to existing investors to pay for planes, two people familiar with the proposal said yesterday. The airline's board and
      Bloomberg  -  356 words
    • 339 4 Bloomberg, Reuters [LONDON] Credit Suisse Group AG, Switzerland's biggest bank by market value, yesterday named Boon Sim as the global head of mergers and acquisitions (M&A) in a shake-up of its teams advising US and European companies on takeovers. The
      Bloomberg, Reuters  -  339 words
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    • 21 4 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg
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  • COMPANY NEWS
    • 390 5  -  JAMIE LEE They point to profits earned since 2002, foresight of buying profitable BRC Asia By THE three directors of HG Metal Manufacturing facing an ousting bid by a fellow director has defended the company's financial health and management. This was in response to
      390 words
    • 392 5  -  JAMIE LEE It concerns possible breaking of insider trading rules By ASPIAL Corporation's chief executive officer (CEO) is under police investigations for breaking rules linked to insider trading. The company said yesterday that its group CEO Koh Wee Seng is being investigated by the
      FILE PHOTO  -  392 words
    • 404 7  -  JERMAINE NG Group expects net proceeds of 468.7 m yuan and 24m yuan loss from disposal By EAGLE Brand Holdings, a ceramics tiles and sani-tary-wares maker that has been listed on the Singapore Exchange mainboard since early 1999, has entered into agreements to
      FILE PHOTO  -  404 words
    • 177 7 JAPAN Land has said it expects to report a loss for its first half-year ended Nov 30, 2009. In the profit warning issued yesterday, the board of directors attributed this in part to a substantial decline in project arrangement fees earned in
      177 words
    • 301 7 STRAITS Asia Resources has entered into a five-year club financing facility for US$3BO million. The facility is fully committed for five years and comprises a term loan facility of US$25O million, a revolving working capital facility of US$5O million and a letter
      301 words
    • 328 8  -  OH BOON PING $3m from rights; $1.6 m if warrants are fullly exercised By JUKEN Technology is proposing a renounceable underwritten rights issue of 82.4 million new shares to raise net proceeds of $3 million for general corporate and working capital purposes. In
      FILE PHOTO  -  328 words
    • 310 8  -  KEITH CHEE Five-year contract clinched by AMC Penang By ADVANCED Integrated Manufacturing Corp Ltd (AIM) announced yesterday that its new subsidiary AMC Penang Sdn Bhd has been awarded a five-year contract worth up to US$l35 million by Honeywell International Inc. The
      310 words
    • COMPANY BRIEFS
      • 88 8 STX Pan Ocean Co Ltd said it is in the process of establishing three special-purpose companies (SPCs) for the purpose of financing shipbuilding which the company has ordered. In connection with this, the SPCs will owe debt to a financial institution for ship financing
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      • 126 8 CHINA Aviation Oil (CAO) has signed a new interim trading agreement for 2010 with BP Singapore to procure aviation fuel for onward supply to China. This will replace a "substantially" similar agreement signed between the two parties, and which was in operation
        126 words
      • 85 8 GENTING Singapore PLC said yesterday that Tan Hee Teck has been appointed president and chief operating officer (designate) from next year. He will continue to hold his appointment as chief executive officer of Resorts World at Sentosa. Justin Tan, who is managing director, intends to retire
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  • Page 5 Advertisements
    • 129 5 I Working Together I To Optimise Energy For All We wish to express our appreciation for the esteemed visit of Dr Joseph Oteng-Adjei, Minister of Energy, Ghana to our premises on Friday, 13th November 2009 in connection with the load-out of Topside Modules of Jubilee FPSO for Jubilee Field, Offshore
      129 words

  • SINGAPORE MARKETS
    • 618 6  -  R SIVANITHY STOCKS The largest index loser was Sing Tel, whose seven-cent drop to $2.97 cut 6.4 points off the STI THE Straits Times Index (STI) underwent a largely forgettable session yesterday in which it weakened by 15.78 points at 2,786.81 in line
      Bloomberg  -  618 words
    • 103 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 5 7 5 0 0 0 5 7 5 lanufacturing 41 70 64 16 48 73 80 Commerce 25 16 20 28 19 26 "pt/Stor/Comms 14 14 14 14 16 14 ■inance 12 14 12 14
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    • 105 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 15,043 15,043 58,110 58,110 lanufacturing 151,490 20,440 171,930 111,187 964 112,151 lommerce 109,546 23,017 132,563 94,426 3,732 98,159 'pt/Stor/Comms 107,729 1,087 108,816 149,387 222 149,609 :i nance 17,398 17,398 169,888 169,888 lonstruction 102,831 10,639 113,470 28,267 177 28,444 'roperties
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    • 98 6 lapitaLand 4.110 lapitaMall 1.710 -0.020 jtyDev 11.480 -0.120 lomfortDelGrc 1.580 +0.010 losco Corp 1.070 IBS Grp 14.560 -0.240 :&N 4.020 -0.060 ienting SP 1.160 -0.010 iolden Agri 0.480 -0.005 IK Land 4.700 IMH 29.600 +0.740 ISH 17.200 -0.200 lardineC&C 26.120 +0.100 Ceppel Corp 8.100 -0.060 IOL
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    • 945 6  -  JAMIE LEE City Developments Dec 21 close: $11.48 KELIVE RESEARCH, Dec 21 CITY Developments made a successful breakout above the resistance level at $11 last Friday, surging 5.4 per cent to close at $11.60 on a high trading volume of 10 million shares. The price pattern is on
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    • 420 6 AFP CURRENCIES [TOKYO] The US dollar fell against the yen in Asian trade yesterday as traders locked in recent gains, while heightened concerns about Europe's debt woes weighed on the euro, dealers said. The US dollar eased to 90.29 yen in Tokyo afternoon trade
      AFP  -  420 words
    • 4 6 DAILY
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    • 63 6 CLOSE IT OB/OS -26.00 -4.0C IT CADI -*****.00 -30.0' IT 10-day MA -*****.00 -3.0i TSE ST Mid Cap 668.33 +1.7. TSE ST Small Cap 521.34 -1.1 TSE ST All Share 686.59 2Qi TSE ST China Top 274.08 +2.1 TSE ST China 291.98 +1.1 TSE ST Catalist 1165.42
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    • 58 6 VOLUME HockLianSenq 77,412,000 Ocean us 51,548,000 EuNetworks 33,750,000 Z-Obee Hldqs 29,864,000 Gentinq SP 29,715,000 Golden Agri 25,773,000 New Wave 22,660,000 Ezra 18,292,000 Sing Tel 18,076,000 Teledata 16,757,000 VALUE(S) DBS Grp 74,787,100 Sing Tel 54,029,650 UOB 49,055,139 Keppel Corp 40,327,420 CityDev 40,302,060 Genting SP 34,672,210 Noble Grp 32,440,370
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    • 107 6 CLOSE UP iBXT FTVietnam 10US$ 4100 202.0 3.6 IMH 2960 103.8 2.' uroni Cement 210 82.0 64.1 LD 10US$ ***** 53.3 0. iTXPO 100 1430 52.0 3.: IBXTDJE50 10US$ 4335 42.1 0. 366 25.0 7. iBS Bk6% NCPS 10 ***** 20.0 0., iBXT MSTaiwan 10US$ 1576 19.6 0: iBXT
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    • 110 6 CLOSE DOWN 4470 -53.3 -0.8 iBXT MSKorea 10US ISH 1720 -28.1 -1.1 MS India 10US$ 1441 -26.7 -1.: At ES.0912 1140 -24.0 -2.1 iBS Gri 1456 -24.0 -1.i China H 10US 1578 -23.8 -1.1 ICC 5.1% NCPS 100 ***** -16.0 -0.2 'enture Con 856 -16.0 -1.i IOB 1926 -14.0
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    • 82 6 Dec 21 CLOSE CHNG FR Dec 18 YR2009 S$ LOW S$ HIGH ISS 1.4046 -0.23 1.5579 1.3800 iuro 2.0081 0.38 2.0952 1.9150 'ounds 2.2608 0.44 2.4366 2.0356 1.2387 0.47 1.2942 0.9453 ren* 1.5513 0.10 1.7278 1.4831 lupiah* 0.***** -0.07 0.***** 0.***** !aht* 4.2250 -0.12 4.3390 4.1040
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  • Page 8 Advertisements
    • 2560 8 VOLUNTARY UNCONDITIONAL CASH OFFER (b) a premium of approximately 65.9% over the volume weighted average price on the SGXST ("VWAP") of 551.2660 for the 1 -month period prior to this Announcement; by (c) a premium of approximately 84.2% over the VWAP of 551.1398 for the 3-month period prior to this
      2,560 words

  • SINGAPORE NEWS
    • 406 9  -  WINSTON CHAI Industry on mend from 2010; China most important market: KPMG poll By THE battered semiconductor industry is projected to be on the mend from next year and a new survey reveals that Asia could hold the key to this recovery. Eighty-seven
      BLOOMBERG FILE PHOTO  -  406 words
    • 298 9  -  NISHA RAMCHANDANI Serviced apartment firm cites stable economy, attractiveness for business By AUSTRALIA-based serviced apartment provider Quest which has properties in Australia, New Zealand and Fiji is looking to break into the Asian market, starting with Singapore. According to Quest chairman Paul Constantinou, Singapore is
      298 words
    • 425 10  -  RONNIE LIM With USssoom war chest it buys assets in Indonesia and Vietnam By SINGAPORE-based exploration and production newcomer KrisEnergy set up by the founders of former listed Pearl Energy has been on a "Christmas" shopping spree. Armed with a US$5OO million war chest, it
      425 words
    • 445 10  -  EMILYN YAP Bids expected to start at $210 m for the Bukit Timah site By THE collective sale market is gradually warming up, with a residential site in Bukit Timah up for bidding. CKS Property Consultants has launched Mayfair Gardens, in Rifle Range Road,
      445 words
    • 404 10  -  WONG SU-JIN By 810-SCAFFOLD International (BSI), a homegrown biotechnology firm, obtained another important certification earlier this month for its newest product: Alvelac, a bio-scaffold which allows a tooth socket to retain its structure after a dental extraction, supporting the bone as it heals naturally.
      404 words
    • 451 10 Reuters ARMS twisting hands grabbing legs wrapping, tangling with a Brazilian jiu-jit-su (BJJ) black belt is like fighting a human tarantula. There is no escape. The tarantula is Rafael Correa, the 1998 BJJ Mundials world champion, a four-times Brazilian national title holder and
      Reuters; REUTERS  -  451 words
    • 136 10 MEDIA company MediaCorp has succeeded in its counter claims of copyright infringement against Internet start-up RecordTV, Channel News Asia reported yesterday. The High Court held that RecordTV had infringed copyright laws by allowing users to record programmes shown on MediaCorp's Channel 5, Channel 8
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  • Page 10 Advertisements
    • 88 10 I I Deep ocean beckons /Gifts begin their long journey A new box today What the box brings, is what the ocean brings. That's what goes on our menu, and onto your plate. Japan's freshest, most exquisite unknown awaits you at the rooftop of Orchard Central. J&jtf Welcome to Kuriya
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  • SMEInc
    • 932 11  -  Gerald Teo, chief executive of Citispa, is confident of running a beauty business successfully, reports FELDA CHAY THINK spa and beauty and you think of women being pampered, body contouring, facelifts and aromatherapy massage all at beauty centres run by women who give a natural assurance that
      lOHN HENG  -  932 words
    • 834 11  -  H BRIAN HWARNG Managers faced with a seemingly chaotic business system usually blame the external environment By WHEN managers are faced with a seemingly chaotic business system, they usually blame the external environment instead of themselves for the state of affairs. Rarely do managers realise
      834 words
    • 1018 12 THIS WEEK'S TOPIC What's a good way to throw a Christmas party for your staff? And where's a good place to host a year-end staff party? Arthur Tan Executive Director Dashmesh Singapore Private Limited DASHMESH is celebrating its annual party overseas this year, in Bangkok. Due
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    • 1115 12  -  Six years after receiving its first order, ITCAN's client list now includes Fortune 500 firms, MNCs, govt organisations and banks, reports ZHANG JIAO IT WAS 7:45 am on a Saturday morning in 2004 when Amit Sujan, then a new entrepreneur of IT solutions provider
      ARTHUR LEE  -  1,115 words
    • 306 12 WHEN it comes to charity, Bettalife International has shown size does not matter. The nutrition and wellness firm is calling on owners and leaders of fellow SMEs to attend its charity dinner to help raise funds for Villa Francis Home for the Aged. And
      306 words
  • Page 11 Advertisements
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  • ECONOMY WATCH
    • 637 13 Reulers Official blames rich for vague promises, signals negotiations will be tough [BEIJING] China will treat talks on a binding global climate change pact in the new year as a struggle over the "right to develop", a Chinese official said,
      Reulers; AFP  -  637 words
    • 431 13 Bloomberg [BANGKOK] Thailand's exports grew for the first time in 13 months, adding to signs the nation is climbing out of a year-long recession amid a global economic recovery. Shipments gained 17.2 per cent from a year earlier to US$l3.B billion in
      Bloomberg  -  431 words
    • 312 13 Bloomberg [HANOI] The pressure on Vietnam's external position probably will not trigger a financial crisis because the country has sufficient foreign-exchange reserves, Moody's Investors Service said. The government expects reserves to bottom out at about US$l6 billion by the end of this
      Bloomberg  -  312 words
    • 325 13 Reuters Dubai may get more aid from federal govt or Abu Dhabi [ABU DHABI] The United Arab Emirates (UAE) will not change economic forecasts for 2010 as a result of Dubai's debt crisis, which will not have a "huge reflection" on
      Reuters  -  325 words
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    • 62 13 NOTICE BY FOREIGN COMPANY OF CESSATION OF BUSINESS NIDEC SERVO CORPORATION SINGAPORE BRANCH BRANCH NO. 597FC5285D Notice is hereby given that Nidec Servo Corporation Singapore Branch ceased to carry on business on 16 December 2009 and the Notice by Foreign Company of Cessation of Business was duly lodged with the
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    • 640 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF YICK KOON PRIVATE LIMITED (IN MEMBERS' VOLUNTARY LIQUIDATION) Company Registration No: *****3049Z At an Extraordinary General Meeting of the Members of YICK KOON PRIVATE LIMITED convened and held at 71 Tiong Bahru Road, Tiong Bahru Estate,
      640 words
    • 931 13 Form 14 NOTICE TO CREDITORS OF FIRST MEETING Supplements World Pte. Ltd. (F.K.A.Vitahealth Laboratories Pte. Ltd.) (In Liquidation) (Co. Reg. No: *****2599W) (Company Winding Up No: 201/2005/H) (Under the Orders for winding up the abovenamed company dated 20th day of January 2006 and 14th day of April 2009). Notice Is
      931 words

  • 670 14  -  SHAREINVESTOR A SPECIAL SERIES BROUGHT TO YOU BY FOREWORD 1 WHAT a difference a year makes! A little more than a year ago, financial markets around the world were gripped by fear and panic even while governments were then preparing to unveil their respective stimulus packages
    670 words
  • 1129 14 1 Investor's Guide To Trading > The number of ETFs listed in Singapore has jumped from 24 to 43 in the past 12 months EXCHANGE Traded Funds or ETFs surged by 31 per cent in asset under management (AUM) globally over the past one year.
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  • 1351 15  -  SHAREINVESTOR A SPECIAL SERIES BROUGHT TO YOU BY Investor's Guide To Trading E E i Foreign Exchange market IS HOW gaining i ITIOr6 TSCOgnitiOn 3S 311 alternative tO BQIIitJSS WITH daily trades amounting to more than US$3 trillion, the Foreign Exchange (FX or Forex) market
    1,351 words
  • 1119 15 Investor's Guide To Trading Even during the financial crisis, options brokers have seen an increase in the number of clients and the amount of assets held by them OVER the last two quarters, investzca^T^,tz lost after the 2008 meltdown. Stock market indices and trading volumes have
    1,119 words

  • MALAYSIA/INDONESIA
    • 464 16  -  S JAYASANKARAN Move reflects BNM's desire to winnow the banking sector to a few large banks By in Kuala Lumpur A MERGER between Hong Leong Bank and EON Bank to create Malaysia's fourth largest bank with assets of RM110.5 billion (Ss4s billion) could be
      464 words
    • 432 16  -  Opposition demands external probe into the 2007 incident By S JAYASANKARAN in Kuala Lumpur MALAYSIAN Prime Minister Najib Razak said yesterday his administration had no intention of covering up the damaging revelations that a RMSO million (5520.4 million) F-5E fighter jet engine
      432 words
    • 699 16 Bloomberg Investment banks to boost hires as they expect more deals [SINGAPORE] Malaysian corporate share and debt sales will likely increase next year and investment banks plan to boost hiring in anticipation of more deals, bankers from JPMorgan Chase Co
      Bloomberg; REUTERS  -  699 words
    • 167 16 -AFP [TOKYO] Mizuho Securities yesterday announced a business tie-up with Malaysia's Maybank Investment Bank targeting corporate clients, part of a push by Japanese banks to expand overseas. The deal is Mizuho's first alliance with a South-east Asian partner, a company spokesman said, adding that
      -AFP  -  167 words
    • 254 16 Reuters [KUALA LUMPUR] Malaysian state oil and gas company Petronas will be the title sponsor of the Mercedes Formula One team next season, Mercedes announced yesterday. The team, formerly champions Brawn GP, will become Mercedes GP Petronas with the oil
      – Reuters  -  254 words
    • 217 16 Reuters [BAGHDAD] Malaysian state oil firm Petronas and Japan Petroleum Exploration Co (Japex) signed an initial agreement yesterday to develop Iraq's Gharaf oilfield, in which they are expected to invest up to US$B billion. Gharaf has estimated oil reserves of 900 million barrels,
      Reuters  -  217 words
    • 315 16 Reuters [JAKARTA] Indonesia's Finance Ministry has set an indicative target of 3 trillion rupiah (***** million) for its retail sukuk bonds due to be sold next February, Rahmat Waluyanto, head of the ministry's debt office, said yesterday. The sukuk, or Islamic
      – Reuters  -  315 words
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  • GREATER CHINA/INDIA
    • 469 17 Reuters They are pressured to boost core capital due to lending boom, tighter rules [SHANGHAI] Chinese banks may need to raise about 500 billion yuan (Sslo3 billion) from the capital markets next year as rapidly expanding loans weaken their financial strength,
      – Reuters; BLOOMBERG  -  469 words
    • 484 17 Xinhua, Reuters Two sides likely to exchange views on cross-strait trade [TAICHUNG, Taiwan] A Chinese mainland delegation arrived in Taiwan yesterday for a fresh round of talks, at which the two sides are expected to discuss future negotiations on a cross-strait trade
      Xinhua, Reuters; BLOOMBERG  -  484 words
    • 226 17 Bloomberg, AFP [BEIJING] China Investment Corp (CIC) may receive a capital injection of up to US$2OO billion from the country's foreign exchange reserves, the Financial Times reported, citing government officials and people familiar with the fund. A final decision is yet
      Bloomberg, AFP  -  226 words
    • 512 17 Bloomberg It'll cut speculation as food prices hit 11-year high: Jalan [MUMBAI] India's central bank needs to drain cash from the economy to check speculation in commodities, former governor Bimal Jalan said, after food price inflation climbed to an 11-year high this
      Bloomberg  -  512 words
    • 303 17 Reuters [TOKYO] Elderly people who drink several cups of green tea a day are less likely to suffer from depression, probably due to a "feel good" chemical found in this type of tea, Japanese researchers said. Several studies have linked drinking green
      Reuters  -  303 words
    • 496 17 Reuters [MUMBAI] Shares in India's Prime Focus jumped 10 per cent on news it received US$5 million for contributing visual effects to Hollywood's 3-D sci-fi extravaganza Avatar, which opened this weekend worldwide. The stock closed yesterday at 236.95 rupees, for a gain
      Reuters; 20TH CENTURY FOX  -  496 words

  • ASIA-PACIFIC/WORLD
    • 456 18 Reuters The move in Asia follows similar changes in Europe and North America [HONG KONG] Credit default swaps (CDS) in Asia will now follow a standardised trading format designed to facilitate centralised clearing, improve transparency and in the long run raise transaction volumes,
      – Reuters  -  456 words
    • 514 18 Reuters [TOKYO] Japanese Prime Minister Yukio Hatoyama yesterday gave up one important campaign pledge in order to rein in a huge public debt worrying investors and voters alike. Mr Hatoyama, scrambling to put together the budget for the year from April 1 by
      Reuters  -  514 words
    • 497 18 Bloomberg [TOKYO] Honda Motor Co, Japan's second-biggest automaker, is joining Toyota Motor Corp and Nissan Motor Co in removing a requirement that its pension fund managers buy Japanese assets. The Tokyo-based automaker merged separate categories for Japan and foreign assets in April, spokeswoman
      Bloomberg; REUTERS  -  497 words
    • 406 18 -AFP [LONDON] The London Stock Exchange has agreed to take over its loss-making rival Turquoise, as new LSE chief executive Xavier Rolet seeks to stamp his mark on Europe's biggest stock market. The LSE, led by Mr Rolet since May, will take
      -AFP; AP  -  406 words
    • WORLD WATCH
      • 90 18 AFP [TAIPEI] Taiwan is planning the world's first tax on junk food in a bid to encourage the public to eat healthily and cut obesity rates, a report said yesterday. The Bureau of Health Promotion is drafting a bill to levy the special tax
        AFP  -  90 words
      • 109 18 -AP [PARIS] French drug maker Sanofi-Aventis SA says it has agreed to buy US healthcare company Chattem Inc for about US$l.9 billion in cash in a deal it said would create the world's fifth-largest consumer healthcare company. Paris-based Sanofi-Aventis says it will offer U5593.50
        -AP  -  109 words
      • 81 18 Bloomberg [DUBAI] Iraq, holder of the world's third-largest oil reserves, plans to sign preliminary service contracts by the end of the year for all seven crude projects awarded to international companies at an auction this month. The oil ministry yesterday signed an
        Bloomberg  -  81 words
      • 106 18 Reuters [LONDON] Royal Dutch Shell, Europe's largest oil company, is planning to sell oilfields in Nigeria valued at up to US$5 billion, the Sunday Times reported, citing sources linked to companies interested in the assets. The newspaper said the auction comes as Nigeria prepares
        Reuters  -  106 words
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  • WORLD
    • 731 19 -AP Key legislation overcomes Republican delaying tactics on a 60-40 vote [WASHINGTON] Landmark healthcare legislation backed by US President Barack Obama passed its sternest Senate test early yesterday, overcoming Republican delaying tactics on a 60-40 vote. That all but assures its passage later
      -AP  -  731 words
    • 413 19 AP [LUANDA, Angola] The Organisation of the Petroleum Exporting Countries (Opec) hasn't touched its oil production targets for a year, and with the economy still shaky oil ministers gathering for today's meeting in this African capital are unlikely to go tinkering with
      AP  -  413 words
    • 675 19 -NYT Slower than usual customer traffic reported; online sales will thrive [NEW YORK] After a year of recession and uncertainty, the last thing retailers needed was a blizzard to hit the weekend before Christmas. Snow, sleet and wind on the East Coast gave already tight-fisted consumers
      -NYT; XINHUA  -  675 words
    • 429 19 ■NYT [NEW YORK] In a sign of big pharmaceutical companies' growing interest in stem cells, Pfizer is buying the rights to a somewhat controversial cell therapy from Athersys, a biotechnology company. Pfizer will have the rights to develop Athersys' cells to treat inflammatory
      ■NYT  -  429 words
    • 447 19 -AFP Govt says it won't seek bailout from other EU members [MADRID] Moody's could become the third international ratings agency to downgrade Greece's debt rating, said Finance Minister Georgios Papakonstantinou. "It is possible that we will have a cut by Moody's. I
      -AFP  -  447 words
  • Page 19 Advertisements

  • AVIATION
    • 741 20 Bloomberg He suggests airlines get together and do it themselves even without legislation [COPENHAGEN] Billionaire Richard Branson wanted government legislation to reduce the carbon dioxide emitted into the air by his Virgin Atlantic Airways Ltd aircraft. He didn't get it so he
      Bloomberg; REUTERS  -  741 words
    • 2854 20 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India Finnair Oy (FIN), AZ Alitalia Airlines (AZA), Airways Public Ltd Co (BAW) BG E a ._desh Airlines (BBC), Bl Royal Brur _dn Bhd (RBA), BO Bouraq Airlines (BOU), ..ways Corpn(EVA), CA Air China
      2,854 words
    • 299 20 Bloomberg [BANGKOK] Thai Airways International Pel, the national carrier that sought government support after a record loss, will decide in the first quarter whether to buy as many as 12 new aircraft, executive vice-presi-dent Pruet Boobphakam said. The airline may go ahead
      Bloomberg  -  299 words
    • 264 20 Bloomberg [SYDNEY] Australia's biggest carrier, Qantas Airways, said it expects first-half profit before tax to be as much as Aslso million (*****.7 million). "It seems to suggest upgrades to full-year estimates," said Matt Crowe with JPMorgan Chase Co in Sydney whose recommendations on Qantas
      Bloomberg  -  264 words
    • 408 20 -AFP [GENEVA] Airlines are trying to shrug off a financial-ly-plagued decade by promising passengers more low fares as well as a seamless, paperless and even "con-tact-less" travel experience, industry executives said. After electronic ticketing and check-in booths, Dutch carrier KLM is trying out automated bag
      -AFP  -  408 words
    • 178 20 Bloomberg [TOKYO] Japan Airlines Corp (JAL), Asia's biggest carrier by sales, formally asked retirees to accept a reduction in pensions as it battles to avoid collapse. The company will seek an agreement by Jan 12, Japan Air president Haruka Nishimatsu told reporters
      Bloomberg  -  178 words
  • Page 20 Miscellaneous
    • 371 20 CRYPTIC CROSSWORD I Newly designed homes more P^^H L apt to take another form y 8 Beginning climb after hearty lunch (7) j j j I 9 Everybody in associations II II Engraving? (7) I J^M h| 12 One bargains for goods in __HH_HB_ B__H healthier surroundings (7) 13 I
      371 words

  • AVIATION/TRANSPORT
    • 596 21 Bloomberg Safran and partner GE will supply the Leap-X engine for narrowbody C 919 [PARIS] France's Safran SA said it won a US$5 billion contract to supply engines for China's first narrowbody aircraft and will consider building a "final assembly
      Bloomberg; AFP  -  596 words
    • 650 21 ■AP [LONDON] The only passenger rail link between Britain and the rest of Europe has been shut down indefinitely, Eurostar said, promising more travel misery for thousands of stranded passengers just before Christmas. A Eurostar statement said the fleet was undergoing upgrades and that more tests
      ■AP; AFP  -  650 words
    • 435 21 AP Ships from S Korea warned to stay away from the area [SEOUL] North Korea declared waters along its disputed sea border with South Korea a "firing zone" yesterday and warned ships from the South to stay away from the area, which
      AP  -  435 words
    • 323 21 -AP [ANCHORAGE] An In-dia-flagged bulk cargo freighter with a failed engine was adrift on Sunday in the North Pacific, being tossed about by stormy seas and fierce winds, the Coast Guard said. The 28 crew members aboard the 740-foot (225-metre) APJ Suryavir planned
      -AP  -  323 words
    • 408 21 Reuters [SYDNEY] An Australian hospital ship torpedoed by the Japanese during World War II with the loss of 268 lives has been located in waters off the coast of the northern state of Queensland, the government said on Sunday. The loss of the
      – Reuters  -  408 words
    • TRANSPORT STOCKS
      • 101 21 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KlVentures Keppel Corp Mercator Lines MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine 0.67 0.34 1.07 0.74 2.20 0.60 0.05 ...unch
        101 words
      • 32 21 '000 nt'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings PDZ Holdings 0.88 8.60 8.40 3.11 3.13 0.08 -0.02 -0.03 -0.30 -0.03 0.07 -0.01 7! 6! 28! 4! 9! 251
        32 words
      • 12 21 '00 'recious Ship Regional Cont 18.10 10.00 -0.20 -0.10 55! 301
        12 words
      • 11 21 '000 JOil iingamas Cont 36.05 1.10 1.45 -0.05 112! 999!
        11 words
      • 22 21 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 9.00 23.00 1.92 unch 0.10 unch unch unch 381! 42i i: i
        22 words
      • 18 21 Evergreen Marine ...16.70 :irst Steamship 45.35 Wan Hai Lines 15.90 fang Ming Marine...11.75 0.15 -0.25 0.30 0.15
        18 words
      • 37 21 '000 :awasaki Hvy Ind ..229.00 lawasaki Kisen 260.00 /litsubishi Hvy 317.00 /litsui Eng&Sbldg...215.00 /litsui Osk Lines 482.00 Jippon Express 373.00 JipponYusen 288.00 -1.00 48V 6.00 1003; -4.00 738! -2.00 235( 3.00 ***** 5.00 400' 5.00 4763:
        37 words

  • EDITORIAL & OPINION
    • 486 22 THE UN Climate Change conference which ended in Copenhagen last week after two weeks of hectic negotiations was, at best, a tentative first step towards a binding treaty on climate change, and at worst, a chaotic fiasco that has polarised the world. Although the conference did produce
      486 words
    • 947 22  -  LEON HADAR His admirers-turned-bashers should remember that he didn't promise to lead a revolution IF YOU have been surfing American television news channels this past week, there is a good chance that in addition to commercials inviting you to take part in
      AFP  -  947 words
    • 764 22  -  ROBERT SAMUELSON THE BOTTOM LINE BARACK Obama's quest for historic healthcare legislation has turned into a parody of leadership. We usually associate presidential leadership with the pursuit of goals that, though initially unpopular, serve America's long-term interests. Obama has reversed this. He's
      764 words
    • 1148 23  -  KANG YONG WEE In the current environment, perhaps the necessary step for financial bodies is to exercise more prudence and scrutiny By RECENT economic indicators from the United States, Europe and Asia suggest an easing of the global economic crisis amid a cautious
      REUTERS  -  1,148 words
    • 823 23  -  X SHANMUGAM THE People's Action Party (PAP) has become one of the most successful political parties in history. But even as we acknowledge its exceptional success, it is necessary to be mindful of another powerful lesson from history: in the modern era, no party
      ST FILE PHOTO  -  823 words


  • SINGAPORE STOCKS
    • 8812 24 Transaction date: Dec 21 Hi! !-wks Tel Low Code Com[ Sale C000) Hi; Low Bui Seller Cvr P/E Smil 18 3 3148 8Telecom 9.5 2.5 5834 A-Sonic 34 16 5000 ABRHIdgs 15.5 5.5 1938 AEI Corp 8 1 1100 AEM 23 10 2101 APOil 93 36 5550 ARA
      8,812 words
    • 1655 25 High Low Code Company Sale COOO) High Low Buyer Seller C'vr P/E $mil 10 5 1181 s AAGrp 25 12 8538 t APStrategic 4 0.5 1501 s Advanced System 7.5 3.5 3480 t Adventus 20 8.5 3518 t Afor 12.5 2 1524 t Alantac 11 4 7814 t
      1,655 words
    • 422 25 52-Wk Tel h Low Code Last Sale S» Day Ih Low Last Quote Buyer Seller Div GrYld C'vr Net P/E s Hii Comi Hii 111 107 6389 ABFSG Bond ETF 109 undl 819 427 CIMBAsean40 1OOUSS US808 +1 290 149 DBSSTIETF1OO 283 -1 4627 3534 DBXT DJE5O 10US$
      422 words
    • 251 25 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      251 words
    • 9443 25 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 2.125/ AIGIF Spore Bond Fund/A 1.376/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.15/ APS Alpha Fund (USD)!** 0.82/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt Spore Pte Ltd AXAWM -Talents
      9,443 words
  • Page 24 Advertisements


  • FINANCE & COMMODITIES
    • 379 26 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Dec18 World Index Preliminary 813.0 -0.3 19.9 -0.5 20.7 -0.5 23.9 t EAFE Preliminai 762.4 -0.5 17.4 -0.9 20.8 -0.9 24.1 Euro[ Prelim inan 1091.7
      379 words
    • 126 26 As at 9am Dec 21 )i foreign currency: lurrencies Bid Offer ujst dollar 1.2360 1.2730 .an dollar 1.3060 1.3220 luro 1.9980 2.0210 IZ dollar 0.9880 1.0100 iterlini ind 2.2500 2.2760 IS dollar 1.3940 1.4100 .ocal dollars to 100 units rf foreign currency: Currencies Bid Offer :hi
      126 words
    • 157 26 Dec 21 Xterniqht 1/8 -month 7/16 -months 9/16 l-months 11/16 Overnight mode: 0.08 IS$ Offer 1/16 3/16 5/16 7/16 Bid 1 days I month > months months d months months I I. |Au 0.25 0.29 0.35 0.37 0.55 0 90 1.00 Offer 0.20 0.24 0.25 0.27 0.45 0.60
      157 words
    • 18 26 Dec 21 STI Dec 2787 IIMSCI Dec 337.4 338.1 334.8 "aiwan Dec 277.9 282.6 281.1
      18 words
    • 21 26 Dec 21 Bid Offer 1-month 1.4028 1.4048 2-months 1.4032 1.4052 3-months 1.4034 1.4055 6-months 1.4039 1.4061 Source: OCBC
      21 words
    • 61 26 Dec 21 lelivery lonth Opening Range Sett Av Price Price Hi Vol Open Done Position Low Ian 10 2519 =eb 10 2569 War 10 2585 <\pr10 2582 FotaI o/p: ***** contracts 2502 2532 2495 434 4569 2547 2575 2532 2452 ***** 2555 2585 2543 6105 ***** 2559 2587
      61 words
    • 334 26 Dec 21 URODOLLAR FUTURES VlariO un10 >ep10 DedO 99.6350 99.4300 99.1250 98.7800 0 0 0 0 ***** 6477 3411 3044 EUROYEN TIBOR FUTURES VlariO un10 >ep10 DedO Vlar11 un11 iep11 Dec11 99.6450 99.6800 99.7000 99.6900 99.6050 99.5800 99.5800 99.3850 119 100 0 0 0 0 0 0
      334 words
    • 179 26 Dec 21 tUBBER Futures (Closing prices) !SS 3 (US cents/kg) flonth High Low Close Sett Volume (lots) O/l lots) Ian 10 =eb 10 Vlar 10 287.5 <\pr1O Vlay 10 lun 10 287.5 285.0 286.0 287.5 289.1 289.5 291.5 40 602 779 614 490 730 634 FSR 20 (US
      179 words
    • 81 26 Dec 21 'eriod Issue code Maturity Yesterday's Bid Hi< Day's |h Low I-Month BQ*****N 25.03.2010 -Year BY*****N 01.11.2010 0.54 0.55 0.51 0.48 3OVERNMENT BONDS >eriod Issue Coupon Maturity code rate Close Bid Day's High Low !-Year NX*****H 3.625 I-Year N*****0N 1.375 '-Year N*****0S 2.875 0-Year NX*****W 2.500 5-Year
      81 words
    • 99 26 Dec 18 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jan 10 1012.00 1022.00 1032.50 1008.25 Mar 10 1020.00 1030.00 1040.25 1016.25 May 10 1026.25 1036.50 1047.00 1023.00 Jul 10 1031.50 1041.75 1052.00 1028.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Ian 10 38.33 38.64 39.16 38.15
      99 words
    • 71 26 CRUDE OIL PRODUCTS Dec 18 origin^ t/barrel Close Cham irent blend (1-Mth F) 73.16 0.5! VTI (Near Mth) 72.88 0.3I iubai (1-Mth F) 72.78 0.0: "apis blend 77.90 0.3I i/linas 75.50 0.3I >RODUCT JS$/barrel (FOB S'pore) Close Chanqi Naphtha Jet Kerosene 76.35 81.65 0.4! und US$/barrel )pec Oil Basket Price
      71 words
    • 448 26 Dec 21 iuro 'en (on 'eso lam 'ouni wstralia 0.945 6.041 0.618 6.861 41.428 83.998 0.800 10.472 3.038 1.248 74.687 41.300 1.242 6.729 0.921 28.643 29.401 0.548 0.885 Canada 1.059 6.394 0.654 7.262 43.852 88.913 0.847 11.085 3.216 1.321 79.057 43.717 1.314 7.123 0.975 30.319 31.122 0.580
      448 words
    • 69 26 Dec 21 mth 0.***** 0.***** mths 0.***** 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 1.***** mths 0.***** 0.***** mths mths 2 mths 0.***** 0.***** 0.***** 0.***** 0.***** 0.***** SWAP Mid rates (S$) 1 yr 0.***** 2yrs 1.***** 3yrs 1.***** 4yrs 2.***** 5yrs 2.***** 7yrs 2.***** 10yrs 2.*****
      69 words
    • 155 26 Dec 21 Against SS Zurrencies Bid Offer Against USS Bid Offer >$/US$ to one unit of foreign currency: 0.8844 0.8849 Australian dollar 1.2404 1.2428 Canadian dollar 1.3131 1.3154 0.9362 0.9366 iuro 2.0087 2.0121 1.4322 1.4326 IZ dollar 0.9935 0.9957 0.7084 0.7089 Sterlinc md 2.2628 2.2664 1.6134 1.6137
      155 words
    • 131 26 Dec 21 /oz) tec tec -long Kong 1111.80 1109.10 .ondon Dec 18 Dec 17 1100.70 1111.50 1101.50 1112.50 Source: Thomson Reuters CAST BAR (S$) Dec 21 Buying Sellim Kilobar "54,119.53" ***** PAMP GOLD BARS (S$) Selling Buying gm jgm Ogm !0gm iOgm OOgm oz ozUBS Kinebar™ 120.91 344.54
      131 words
    • 62 26 ,luminium, 99.7% uritv (US$/tonne) Close Previous :ash 2201.25 2181.50 months 2238.00 2217.00 Copper, Grade A (US$/tonne) :ash months 6797.50 6845.00 6826.00 6870.00 .ead (US$/tonne) :ash 2288.00 months 2320.00 2327.25 2359.00 lickel (US$/tonne) :ash months *****.00 *****.00 *****.00 *****.00 'in (US$/tonne) :ash months *****.00 *****.00 *****.00 *****.00 inc, Specia
      62 words
    • 76 26 Dec 18 (£/tonne) Close Prev Hii ih/Low War 10 2217 2304 2298/2214 Way 10 2237 2322 2316/2232 lul 10 2215 2298 2292/2213 iep 10 2187 2274 2260/2181 IOFFEE (US$/tonne) Close Pev High/Low Ian 10 1325 1348 1361/1322 Vlar 10 1364 1386 1400/1361 Vlay 10 1397 1417 1431/1396 SUGAR (US
      76 words
    • 2243 26 BONDS, WARRANTS EXTENDED SETTLEMENT lei lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left Asia-PacificStrategicW*****6 2.5 unch 250 >036AdvanceSCTLtdW*****9 0.5 1 15 17 6.00 1 87 1844 9.00 53 8 !756# Asiatic Grp (H) Ltd W*****2 8 H05#AsiatravelW*****7 35 unch 140 >878Aztech Systems
      2,243 words

  • Page 27 Advertisements
    • 2553 27 m THE BUSINESS TIMES Shipping Times »=ffi^M^Pßß!il^^HßH!l^^H Direct Calling to TWTPE UK CONTINENT SERVICE U.S.A SERVICE All AMI GotllPflOll Destination Destination UVvl if WtllUrUdjf STXPOTBN RTM/ANR/TIL STXPO TBN NOL/CDN Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia Ifllllwll I llw VA Oil D lltljJW Ull II JJb MIDDLE-EAST SERVICE
      2,553 words

  • Page 28 Advertisements
    • 4426 28 P^^Wl BIBSWBISISISB In t EASTERN CAR LINER, LTD lll^^SlilJliED W—_s""L—A I SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS I I^H It ll333Eßil____________________f VOr I RomplKT) I Lillina(KT) I SIN I PKL I PEN I )KT I SUR I BTU I VOT tTA tTD DtSTiHi HPMSRVICE FMX and SMX SERVICE
      4,426 words

  • PROPERTY
    • 713 29 Reuters Much of this activity in the US will be spurred by sale of distressed properties [NEW YORK] The reces-sion-ravaged US lodging industry will offer opportunities next year for would-be hotel investors interested in picking up plum properties suffering from falling revenue and high
      Reuters  -  713 words
    • 184 29 Reuiers [LONDON] Anglo-French property investor Hammerson won a bid battle for the Silverburn shopping centre near Glasgow, paying £297 million (*****.6 million) in a joint venture with the Canada Pension Plan Investment Board. Gross rental income for the prime freehold, 93,000-square-metre mall is £18.4
      Reuiers  -  184 words
    • 541 29 Bloomberg USs2.sBb of debt with top short-term ratings on offer [NEW YORK] New York Liberty Development Corp, a state arm created to finance loans for rebuilding in lower Manhattan, seeks to meet a year-end deadline this week to sell tax-ex-empt bonds for three World
      Bloomberg; AP  -  541 words
    • 250 29 Reuters [LONDON] Rents in London's main office districts have broken a two-year freefall to hold steady in the fourth quarter, after declining as much as 50 per cent from their peak in late 2007, a report showed yesterday. Average headline rents for
      Reuters  -  250 words
    • 1125 30 Bloomberg London bankers seeking to move to Geneva face housing and other problems [GENEVA] Geneva, touted as a haven for London bankers facing heavier UK taxes, may lure fewer than predicted thanks to a housing shortage, crowded schools and a 44 per cent in-come-tax rate.
      Bloomberg; AFP  -  1,125 words
    • 1445 30 Bloomberg Unravelling billion-dollar purchases severely testing father and son CEO team [NEW YORK] Rob Speyer showed little interest in his family's real estate business until his father began talking about buying Manhattan's Rockefeller Center. It was 1995. Mr Speyer, then 26, was
      – Bloomberg; BLOOMBERG FILE PHOTO  -  1,445 words
  • Page 29 Advertisements
    • 51 29 i Prime Residential Site Wk v^^^y^^^^^^^WA v^r"l **'*c rea 208,475 sq ft "SS^^J/l T^^?^ Hfl^l Exclusive Bukit Timah Area im^/f^^k^^ Walking distance to Upcoming r^^/^^^^Jl^'yif) MRT Station //i J^^ E^: Close to Prestigious Schools S Polytechnic 5 _f] II jp'M|jth£toi v Tender Closing on Sch 14 Jan 2010 (Thursday) at
      51 words
    • 237 29 I i Central Location: BaP^SnßßHiißJffnßi I Opposite Equity Plaza, next to Raffles Place A Transportation Hub: A Walking distance to Raffles Place MRT Station, area is well served by numerous A bus lines as well 1532 A Salient Features: H Raised floor system and column-free space gg^Q^m^^H which allows for
      237 words