The Business Times, 6 December 2010

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Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|il A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Monday, December 6,2010
    23 words
  • 670 1  -  Higher tourist numbers this year, stronger economy boost Yuletide sentiment By NISHA RAMCHANDANI, LINETTE LIM [SINGAPORE] The retail industry is hoping for a little something extra in its Christmas stocking this year. Stores that BT spoke to are expecting to grow their sales by
    YEN MENGJIIN  -  670 words
  • 530 1  -  Move to drive its business in high-growth emerging markets By CHUANG PECK MING [SINGAPORE] Over the next ten years, global consumer goods giant Unilever wants to double the sales it has taken 100 years to achieve. And it’s counting on Singapore
    530 words
  • 157 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST Index 3,172.44 +14.36 KL COMP 1,500.98 +8.93 NIKKEI 225 10,178.32 +138.76 HANG SENG 23,320.52 +443.27 SET INDEX 1,034.06 +42.35 JAKARTA COMP 3,696.26 +53.76
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  • Page 1 Advertisements
    • 135 1 BizIT High performance computing for biz users PAGE 30 EUROZONE DEBT CRISIS Monetary union faces drastic change PAGE 22 DINING OUT Justin Quek’s Sky on 57 PAGE 24 YOUNG INVESTORS’ FORUM Managing workplace relationships PAGE 12 rt a PATEK PHILIPPE GENEVE Rcgin your own tradition. mv ,irr 4 -,£2SS You
      135 words

  • TOP STORIES
    • 574 2 Retailers upbeat on holiday season sales THE retail industry is hoping for a little something extra in its Christmas stocking this year. Stores that BT spoke to are expecting to grow their sales by up to 15 per cent this holiday season compared to last year, thanks to
      574 words
    • 862 2  -  Fundamentals play second fiddle to EU debt crisis, QE2, currency skirmishes WALL STREET INSIGHT By ANDREW MARKS CENTRAL bank policymaking, be it from the US, Europe or Asia, has been governing the direction of the stock market for months now, with market fundamentals
      AFP  -  862 words
    • 400 2  -  Big push to S’pore’s ambition to become global home for talent By CHUANG PECK MING [SINGAPORE] Unilever’s move to set up a leadership development centre in Singapore, its second in the world, is seen as a major coup for the Economic Development
      400 words
    • 12 2 I db X-MACRO Trading Index Fund I4D 24/11/10 99,98 GBP
      12 words
    • 11 2 FX Select Guaranteed Fund R1D 29/11/10 101,09 USD
      11 words
    • 21 2 I Balanced Currency Harvest Euro I1C 29/11/10 99,65 EUR Double Joy Capital Guaranteed Fund R1D 26/11/10 10,00 USD
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    • 738 3  -  Economists debate how Asia should respond to prospect of greater liquidity By TEH SHI NING [SINGAPORE] The Republic faces less of an imminent threat from portfolio inflows than the rest of the region, agreed most participants at the Singapore Economic Roundtable
      YEN MENG JIIN  -  738 words
    • 471 3 Deal slammed as ‘humiliating and treacherous’ AFP [SEOUL] A sweeping free trade agreement with the United States looks set for a rough ride through the South Korean legislature after opposition parties branded it a “humiliating and treacherous” deal. Trade negotiators from the
      AFP  -  471 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
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      73 words

  • COMPANY NEWS
    • 700 4 It’s committing up to 70% of its portfolio to trading the regrade Reuters [SINGAPORE] RedWell Fund SPC, one of Asia’s pioneering oil-focused hedge funds, has its eyes trained on the growing distillates market, as it started trading in Singapore’s Over-The-Counter (OTC) swaps market,
      Reuters  -  700 words
    • 288 4  -  By NISHA RAMCHANDANI KEPPEL Land has received a positive advance tax ruling from the Inland Revenue Authority of Singapore (IRAS), which will allow it to realise a net gain of $394 million from the proposed divestment of Phase One of Marina
      288 words
    • 273 4 INDONESIAN energy shipping giant Berlian Laju Tankers (BLT) has restructured and resold its Zero Coupon Guaranteed Convertible Bonds due 2012 to several undisclosed investors. The aggregate principal amount of bonds sold by BLT Finance, a subsidiary of BLT, is US$48.8 million. “In conjunction with
      BLOOMBERG  -  273 words
    • 1311 9  -  Expand the statutory responsibilities of the external auditor to include a review of the company’s internal control system UNTICKING THE BOX By SOVANN GIANG The writer is executive director at the Singapore Institute of Directors THE European Commission recently issued for public consultation a Green
      1,311 words
    • 219 9 COMPANY MEETING PLACE DATE TIME Medi-Flex A Singapore Exchange Ltd, SGX Auditorium, 2 Shenton Way #02-02, Podium SGX Centre 1, Singapore *****4 07-Dec 12.00pm Tye Soon E Jurong Country Club, 9 Science Centre Road, Singapore *****8 08-Dec 10.00am Sunmart Hldgs E Suntec Singapore, International Convention Exhibition Center, 1
      219 words
    • 403 9 Dec 3 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of
      403 words
  • Page 4 Advertisements
    • 178 4 r agB «i Aalto University Executive MBA S* m JS\ -v "°V S3| v A H V"*"' S<S N Helsinki School of Economics is now Aalto University, Finland's largest and leading institution. Aalto University is an innovative merger of Helsinki School of Economics, Helsinki University of Technology and the University
      178 words
    • 1266 4 [«AT3 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg UNITED ENGINEERS LIMITED (Company Registration No. *****0018G) (Incorporated in Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of United Engineers Limited (the “Company”) will be held at The Auditorium, 12 Ang Mo Kio Street 64, UE
      1,266 words

  • Page 5 Advertisements
    • 108 5 OUE B AY F R□NT OUE BAYFRONTAT KiCOLLYER QUAY I I na L i ES rn ■•ill rf—. L v I L, "I „d' czrn! I 1.1. I. I J_L. iL 11-I.i-1 J 1. ;i >■ j j I I I i I I n 'i j .tLii 1 tfcii
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  • SINGAPORE MARKETS
    • 663 6  -  STOCKS R SIVANITHY Senior Correspondent IT SHOULD be increasingly obvious to observers (especially BT readers) that programme trades regularly buy or sell in this part of the world, that is, Hong Kong and Singapore, before they do the same in the United States. This
      663 words
    • 675 6 COMMODITIES AFP [LONDON] Commodities rallied last week on easing eurozone woes and strong manufacturing data, with oil scoring a two-year peak on the back of the weak dollar and freezing weather in Europe. “Commodity prices have bounced back over recent days with an
      AFP  -  675 words
    • 1608 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Properties Ltd 2.42 2.80 12 10.81 10.73 1.39 1.16 ARA Asset Mgt Ltd 2.25 1.75 4 7.80 18.21 1.55 1.44 Armstrong Ind Corp Ltd 1.00 1.00
      1,608 words
    • 4 6 WEEKLY
      4 words
    • 65 6 Dec 3 VALUE CLOSE BT OB/OS -289.00 BT CADI -*****.00 -67.00 BT 10-day MA -*****.00 -29.00 FTSE ST Mid Cap 794.06 -6.70 FTSE ST Small Cap 570.56 -4.18 FTSE ST All Share 784.72 -6.33 FTSE ST China Top 291.73 -3.10 FTSE ST China 328.29 -4.56 FTSE ST
      65 words
    • 59 6 VOLUME Genting SP 552,607,000 Golden Agri 276,731,000 Jade Tech 193,042,000 *Genting HK US$ 176,328,000 TopGlobal 163,670,000 CapitaLand 120,778,000 SingTel 107,794,000 TopGlobal W*****9 106,900,000 Amtek 104,788,000 Noble Grp 98,958,000 VALUE($) Genting SP 1,126,644,219 CapitaLand 441,178,854 SingTel 334,524,165 OCBC Bk 332,597,528 DBS Grp 329,522,856 UOB 328,758,161 Keppel Corp 317,633,393
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    • 444 6 CURRENCIES Bloomberg [BANGKOK] Asian currencies advanced last week, led by the biggest five-day gain in South Korea’s won in two months, as reports on manufacturing signalled regional growth. The Bloomberg-JPMor-gan Asia Dollar Index strengthened 1.1 per cent for the week to 115.30.
      Bloomberg  -  444 words
    • 111 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 764.2 4.6 DBXT DBCBLEB 10US$ 2352 392.6 14.6 DBXT AUD Bonds 5AU$ ***** 327.6 1.7 GLD 10US$ ***** 308.8 1.8 DBXT MSKorea 10US$ 5492 269.6 3.9 DBXT DBLCI-OY 5US$ 3773 188.4 4.0 DBXT FTChina25 10US$ 3256 155.7 3.8 DBXT DBCBDJUBS 10US$
      111 words
    • 119 6 BY CENTS CLOSE DOWN DBXT MSAsExJp 10US$ 3185-412.2 -9.0 DBXT AUDMM 5SG$ *****-288.0 -1.2 Lyxor Europe 10 US$ 1200-147.9 -8.6 DBXT S&P Short 10US$ 4670-142.6 -2.3 JMH 4474 -86.4 -1.5 UOB 5.05%NCPS 100 ***** -60.0 -0.6 DBXT MSUSA 10US$ 2831 -49.7 -1.3 Jardine C&C 3740 -32.0 -0.8 JSH 2654
      119 words
    • 5 6 WEEKLY
      5 words
    • 1491 8  -  Selling by directors is flat for the third straight week INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited THE buying slowed after two straight weeks of heavy activity while the selling among directors was flat for the third straight
      1,491 words

  • Page 7 Advertisements
    • 363 7 □UE BAY FR□NT OUE Bayfront is the latest addition in Overseas Union Enterprise's (OUE) portfolio of prestigious developments. Strategically located along the city's shoreline at 50 Collyer Quay, between the main financial hub of Raffles Place and the new Marina Bay financial district, it is primed to be the vital
      363 words

  • Page 8 Advertisements
    • 165 8 GET YOUR TICKETS NOW TO CHI 17 DECEMBER A WORLD O IMAGINE A CHILDREN'S CHARITY CONCERT FOR THE STRAITS TIMES SCHOOL POCKET MONEY FUND THE BUSINESS TIMES BUDDING ARTISTS FUN D Catch a dazzling extravaganza of bright young sparks in Singapore's biggest children's concert! Now in its 6th year, ChildAid
      165 words

  • Page 9 Advertisements
    • 208 9 Light A Heart Every bit counts this Christmas. A 30-foot high Christmas tree of lights needs your help to shine brightly for the patients and their families in Assisi Hospice. Your $10 contribution will bring Joy Goodwill to the many adults and children in need of palliative and hospice care.
      208 words
    • 108 9 1/0 ’%)3 !)3( *"$$&44&"# 57 4<< 8>7)4351. 8’41. :.)410<.// 5, -140. />;. !5 2570>->57/ "5@./-14-. 57 8>7)4351. /’41. -140./ 6147/341.7-31>2>7) #7-.1./-.0 >7 ******<>24-.0 -140>7)( &4<< &>-= #70.? -504= 57 2>-=>70.?+259+/) 6’. )%3(!#)3&2( @4= -5 -140. *D83)G-2.0 8G3 .9 FG H8D-)G 58DD)1C 8 I1’1I F/ D)CJ6 8G3 H8$ GFB 71 CA)B87I1
      108 words

  • SINGAPORE NEWS
    • 640 10  -  Baden-Wurttemberg is a leading centre for innovation and education in Europe By UMA SHANKARI COMPANIES from Singapore and the German state of Baden-Wurttemberg have many avenues to boost collaboration, officials from both sides say. In particular, three key areas hold much promise, Singapore’s Senior
      FILE PHOTO  -  640 words
    • 463 10  -  Ozsale’s Singapore website already has 80,000 members By VICTORIA HO SINGAPOREAN shoppers, hungry for brand bargains, are flocking to online shops in droves, according to Ozsale CEO Jamie Jackson. To capture this market, Mr Jackson, who runs a shopping website each in Australia
      463 words
    • 678 10 Payment Ex Books Pay Ann (cts) date close date date AIMS AMP Cap Ind Reit ag 0.397 04-Nov 09-Nov 17-Dec 01-Nov Allied Tech aw 0.200 03-Dec 07-Dec 22-Dec 11-Nov Asia Pac Brew ak 52.000 27-Jan 31-Jan 18-Feb 12-Nov Beyonics an 0.500 01-Dec 03-Dec 17-Dec 19-Nov Boustead Spore aw
      678 words
    • 370 10 THE government had to introduce cooling measures to curb speculation in the public housing market due to a small group of private property owners, says Lim Hwee Hua, Minister in the Prime Minister’s Office. She was responding to questions at a dialogue
      370 words
  • Page 10 Advertisements
    • 87 10 Pulses December issue out now! What is ahead for China, the new global powerhouse? Where to put your money in 2011. How much is the Reit worth? We look at the determining factors and valuation measures for a Reit. Why does it pay to recognise firms with a long-term competitive
      87 words
    • 16 10 Head to CATS FASTADS in The New Paper for job opportunities! EEAT3 BUY IT-SELL IT-FIND IT
      16 words
    • 21 10 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      21 words

  • Page 11 Advertisements
    • 209 11 Partners for Jurong Shipyard Atwood Oc• ATWOOD OSPREY Named after the magnificent Osprey sea-hawk, a skilled hunter known for its strength and resilience, the Atwood Osprey is the first of two Friede Goldman ExD Millennium Class 6th Generation Ultra-deepwater Semi-submersible rigs being built for Atwood Oceanics by Jurong Shipyard. Christened
      209 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1336 12  -  Quality and lasting relationships can be built in the workplace by reinforcing them with a few simple principles, says RASIMAH JAR RASIMAH JAR The writer is the managing director ofProWISE Consultancy Pte Ltd, and spoke on the topic of managing workplace relationships at SIM Professional Development’s Women
      STOCK.XCHNG  -  1,336 words
    • 888 12  -  CAMPUS LIFE By CHRISTOPHER NGOI The writer is a first-year Bachelor of Accountancy student at Nanyang Business School, Nanyang Technological University I WAS literally on top of the world when I learnt that I had won the inaugural ToptoTop Global Climate Solution Award and that
      888 words
  • Page 12 Advertisements
    • 271 12 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors’ Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      271 words

  • ECONOMY WATCH
    • 545 13 Govt, fearing unrest, takes steps to curb price rises, manage inflation expectation Reuters Bloomberg [BEIJING] China’s inflation is unlikely to reach the heady levels seen in 2006-2008 because the economy is showing no signs of overheating, prominent economist Fan Gang said in comments
      Reuters; Bloomberg; REUTERS  -  545 words
    • 508 13 Int’l community calls for reforms ahead of ruling party meeting AFP [HANOI] Celebrated as a new “Asian Tiger” two decades ago, Vietnam has lagged behind its neighbours and needs further reforms in order to catch up, foreign investors say. Overloaded infrastructure, an underqualified
      AFP  -  508 words
    • 300 13 Reuters [CAPE TOWN] The International Monetary Fund has trimmed South Africa’s growth forecast for this year to below 3 per cent and expects expansion of 3.5 per cent in 2011, Abebe Aemro Selassie, division chief for the African department, said on Friday. “Our
      Reuters  -  300 words
  • Page 13 Advertisements
    • 198 13 Great leaders need great partners. f iShares Keep evolving We work with over 80% of the world's most sophisticated institutional investors 1 who have helped us grow to over US$400 billion in assets under management 2 Learn more about iShares ETFs to understand why. We keep evolving so that you
      198 words

  • MALAYSIA/INDONESIA
    • 549 14  - Sound NEM now for the execution Prime Minister Najib Razak must brace himself for opposition from entrenched bumiputera interests MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent THE final version of Prime Minister Najib Razak’s New Economic Model (NEM) was released last Friday; even if half of it gets fully implemented, Malaysia
      549 words
    • 540 14 He also says that elections will be held ‘soon’ AFP Bernama [KUALA LUMPUR] Prime Minister Najib Razak launched a blistering attack on Anwar Ibrahim and the opposition alliance yesterday as he rallied his ruling coalition to prepare for early elections. The ruling Barisan
      AFP; Bernama  -  540 words
    • 1970 14 VOL Dec 3 RM +/-(‘000) A M Realty 0.51 -0.01 55 Abric Bhd 0.40 0.03 2143 Advance Synerg 0.18 unch 2524 Adventa Bhd 2.11 -0.04 318 Ae Multi Hldgs 0.29 -0.01 208 Affin Holdings 3.18 -0.01 469 Ahmad Zaki Res 1.07 -0.01 512 Aic Corp 1.12 0.02 1169
      1,970 words
    • 223 14 Reuters [JAKARTA] Indonesia’s con-sumer-focused Tudung Group plans to raise about US$300 million by selling up to a 30 per cent stake in its food firm GarudaFood early next year, as investors look to snap up Indonesian consumer-related assets, four sources said. The sale
      Reuters  -  223 words
  • Page 14 Advertisements
    • 40 14 How to run a business without running out of ideas November/December issue out now! Available at all petrol stations (except Caltex) and all major bookstores To subscribe ($30 for six issues delivered to your office or home), please call 6388-3838
      40 words

  • Page 15 Advertisements
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      963 words

  • GREATER CHINA/INDIA
    • 722 16 Tall buildings going up at fast pace even as demand wanes in US, other countries AP [BEIJING] Financial gloom has derailed plans for new towers in Chicago, Moscow, Dubai and other cities. But in China, work on the 632-metre Shanghai Tower, due to be
      AP  -  722 words
    • 437 16 Reuters [MUMBAI] The people are not flocking to the “people’s car”. Sales of the Nano, launched by India’s Tata Motors to much fanfare in March 2009 as the world’s cheapest car, sputtered to just 509 during the month of November, an 85
      Reuters  -  437 words
    • 570 16 But boom can drive economic growth or bring social turmoil AFP [NEW DELHI] An explosion of working-age people in India could serve as an engine of economic growth or bring social turmoil, specialists say. Over the next two decades, India’s working-age population
      AFP  -  570 words
    • 548 16 Protests against proposed nuke plant highlight problem AFP [MUMBAI] Protests against a proposed Indian nuclear power plant last weekend highlight a growing problem facing developers, specialists say, as the country tries to upgrade or build much-needed infrastructure. Thousands of fishermen, farmers and their
      AFP  -  548 words
  • Page 16 Advertisements
    • 7 16 www.omy.sg C3 ft \tfestV* e Www •B'
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    • 20 16 IT'S HERE! il 3G 2:40 PM S I LDRDinE.. GET THE FREE 9I.3FM APP NOW! Available on the App Store
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    • 307 16 NOTICE OF SALE OF SHAREHOLDER INTEREST IN UFE PTE LTD UNITED STATES DISTRICT COURT EASTERN DISTRICT OF MICHIGAN SOUTHERN DIVISION COMERICA BANK, a Texas banking association, successor in interest by merger to Comerica Bank, a Michigan banking corporation, Plaintiff, Case No. 2:10-cv-***** Hon. George Caram Steeh v. Mag. Judge Mark
      307 words

  • Page 17 Advertisements
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      1,023 words

  • FOCUS: UNITED IN DEBT
    • 1818 18 Much of the debt of American states and cities is hidden since it is off the books NYT [NEW YORK] MANYstatesand local governments in the United States have so much debt several trillion dollars’ worth, with much of it off the books and largely hidden from view
      NYT; AFP  -  1,818 words
  • Page 18 Advertisements
    • 1814 18 THOMSON MEDICAL CENTRE LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****2260R NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company (the “Meeting”) will be held at Holiday Inn Singapore Orchard City Centre, Crystal Room, Level 2, 11 Cavenagh Road,
      1,814 words

  • WORLD
    • 648 19 Stark regional differences highlight potential and pitfalls in the country AFP [NEUBRANDENBURG, Germany] The German jobs motor is turbo-charged these days, but stark regional differences highlight the potential and pitfalls in Europe’s biggest economy. The town of Neubrandenburg, a two-hour drive north
      AFP  -  648 words
    • 674 19  -  Central bank governor sees much to look forward to By LEE U-WEN HAVING crushed a 37-year separatist revolt by Tamil Tiger guerrillas last year, Sri Lanka is now more than ready to shed its “emerging” tag as it becomes one of the fastest-growing
      674 words
    • 342 19 AP [BEIJING] Sources told American diplomats that hacking attacks against Google were ordered by China’s top ruling body and a senior leader demanded action after finding search results critical of him, leaked US government cables show. The American Embassy sent a cable
      AP  -  342 words
    • 173 19 Reuters [LONDON] Property investors are extremely bullish about the outlook and total returns available in Asia’s developing markets and Latin America, preferring their economic growth prospects over those of Europe, a survey said. About 100 delegates at the annual Thomson Reuters Global Property Outlook
      Reuters  -  173 words
    • 575 20  -  Investors may divert funds from NE Asia to Japan while locals keep money at home By in ANTHONY ROWLEY THE Tokyo stock market briefly hit a six month high last Friday amid signs that geo-political as well as economic factors are behind the market’s
      575 words
    • 589 20 AFP [CANCUN, Mexico] World climate talks in Cancun were yesterday entering their final stretch beset by fears of a repeat of the failures that nearly wrecked the December 2009 Copenhagen summit. Environment ministers began arriving in the Mexican resort city at the weekend to
      AFP; REUTERS  -  589 words
    • 384 20 Bloomberg [DUBAI] Qatar’s shares rose to the highest in two years, after the country won rights to host soccer’s 2022 World Cup, becoming the first Arab nation to hold the world’s most-watched sporting event. Qatar National Bank, the emirate’s biggest
      Bloomberg  -  384 words
    • 848 20 Wharton graduate manages nicely with appropriate software NYT [LONDON] As a trader at JPMorgan Chase here, Ashish Goyal helps manage billions of dollars of the bank’s exposure to risks like foreign exchange fluctuations. In his spare time, he takes tango lessons, plays
      NYT  -  848 words
    • 435 20 Republicans tarred for holding middle class hostage AFP [WASHINGTON] President Barack Obama’s Republican foes in the Senate have blocked a move to let Bush-era tax cuts for the wealthiest Americans expire, rejecting in the process Democrats’ efforts to extend those
      AFP  -  435 words
  • Page 19 Advertisements
    • 2340 19 <0 NOTICES BUY IT• SELL IT• FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 CRICHTON TRADING PTE. LTD. (Company Registration No. *****3853H) MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to be held on 30 November 2010, the
      2,340 words


  • Page 21 Advertisements
    • 335 21 ixleaA tmA' (lix x i 6 t n vu 6 <tX-> Celebrate this joyous season with SPH and MasterCard®! Enter into the Christmas spirit and select your festive treat when you subscribe to a 6-month newspaper subscription for yourself or send it as a gift to your loved ones. Exclusively
      335 words

  • EUROZONE DEBT CRISIS
    • 881 22 Crisis brings about new rules that will rearrange the bloc’s power structure AP [BRUSSELS] Europe and the euro will never be the same as the debt crisis forces governments to rewrite some of the eurozone’s most fundamental rules. While some see the current turmoil as
      AP  -  881 words
    • 442 22 Reuters [MADRID] There may be a gulf between their incomings and outgoings and a debt crisis sweeping through Europe, but that won’t stop Spaniards from making the most of the puente (bridge) this long pre-Christmas holiday weekend. Despite news of tax rises, austerity
      Reuters  -  442 words
    • 518 22 Reuters [MADRID] Spain brought forward pension reforms, raised tobacco taxes and cut windpower subsidies on Friday, as it fought to slash its high budget deficit and calm investor concerns that it could need a financial bailout. The new cost-cutting and revenue-raising
      Reuters; REUTERS  -  518 words
    • 631 22 Good news is that the banking sector poses no problem Reuters [LISBON] Portugal is likely to need a rescue package of 45-60 billion euros (S$78.4-104.6 billion) from the European Union and the International Monetary Fund and may not get through the
      Reuters  -  631 words
  • Page 22 Advertisements
    • 111 22 SEA CONSORTIUM PTE. LTD. NOTICE TO TRADE CHENNAI TRADE RECOVERY Please be advised that we will implement a Chennai Trade Recovery (CTR) of USD65.00 per TEU (Laden) for all SOC Containers from Singapore/Port Klang to Chennai and vice versa with effect from 15 December 2010 and for an initial period
      111 words
    • 10 22 Spain ends wildcat strike by air traffic controllers, Page 23
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  • AVIATION/SHIPPING
    • 500 23 Reuters [MADRID] Spanish airspace re-opened on Saturday after a wildcat strike by air traffic controllers paralysed airports for a second day and the government declared its first state of emergency in the post-Franco era. Deputy Prime Minister Alfredo Perez Rubalcaba vowed that
      Reuters; AP  -  500 words
    • 3198 23 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ456 1245 EY473 1940 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 Amsterdam LO4031 0605 LO4032 2350 SQ323 0605 SQ324 2350 US5410 0605 US5411 2350 AZ3992 1615 KL835 1615 Athens SQ398 0100
      3,198 words
    • 509 23 AP [ANCHORAGE, Alaska] A tug boat began pulling a struggling cargo ship carrying 1.8 million litres of fuel towards a safe harbour late last Saturday, greatly easing concerns the vessel could go aground in Alaska’s remote Aleutian Islands. The commercial tug
      AP  -  509 words
    • 385 23 National govts approve proposal setting binding performance targets for navigation companies Bloomberg [BRUSSELS] Airlines that fly in the European Union may save more than 1 billion euros (S$1.8 billion) in air-traffic charges over three years after national governments approved performance targets
      Bloomberg  -  385 words
  • Page 23 Advertisements
    • 129 23 BENGAL TIGER LINE PTE. LTD NOTICE TO TRADE CHENNAI TRADE RECOVERY We have suffered tremendous losses due to the operational and local infrastructure constraints imposed upon us in the Singapore/Port Klang Chennai trade sectors. In order to sustain our service, we regret that we have to implement a Chennai Trade
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  • Page 23 Miscellaneous
    • 294 23 CRYPTIC CROSSWORD Across 7 Takes in top paper (8) 9 A farmer finally fit, fit for ploughing (6) 10 Eager singer to return (4) 11 Champing at the bit, gunners round republic (6,2,2) 12 Civilised ancient city’s destruction (6) 14 Requiring careful handling, domestic pet in food store close to
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  • DINING OUT
    • 913 24  -  NEW RESTAURANT Sky on 57 Marina Bay Sands 10 Bayfront Avenue Tel: 6688-8857 www.marinabaysands.com By Geoffrey Eu JUSTIN Quek is the pioneering chef who first put Singapore on the fine-dining map, and in the seven years since he left to showcase his elegant brand of French cuisine
      JOHN HENG  -  913 words
  • Page 24 Advertisements
    • 251 24 WINE DINE AND HOSPITALITY WCCUL£VT$U£lLff$U BLOSSOMS 5 November to 17 December 2010 Fresh crustaceans from the southern seas and Indonesia are on the menu this November. With 14 preparation styles, from the rich and flavourful Baked Lobster with Honshimeiji Mushrooms and Cheese to Singaporeans' all-time favourite Sri Lankan Crab with
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  • SINGAPORE STOCKS
    • 9304 25 Week ended: Dec 3 52-wks Tel Last Vol Week Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 3148 8Telecom 18 -0.5 2285 18.5 18 18 18.5 1.7 10.1 5.8 86.2 12 5 5834 A-Sonic
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    • 1855 26 52-wks Tel Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 1181 t AA Grp 5 +0.5 10 5 5 4 5 27.8 4.8 225 130 6222 t APStrategic 165 +1
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    • 114 26 Stock name Close Change CapMallsAsia 2.000 +0.010 CapitaLand 3.670 -0.020 CapitaMall 1.960 CityDev 12.120 -0.200 ComfortDelGro 1.540 DBS Grp 14.040 -0.020 F&N 6.170 -0.200 Genting SP 2.090 +0.050 Golden Agri 0.740 -0.010 HK Land 7.040 -0.260 Stock name Close Change JMH 44.740 -0.460 JSH 26.540 -0.120
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    • 2641 26 Transaction date: Dec 3 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.63 unch 0 Aeon Stores 15.90 unch 0 Angang Steel 11.54 0.06 ***** Anhui Conch 33.90 0.20 9714 Anhuiexpresswa 6.38 0.03 2659 Asia Satellite 13.80 -0.08 0 Asm Pacific 80.00 3.40 1087 Bank Of E Asia 32.85
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    • 186 26 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 5 4 0 0 0 8 5 4 Manufacturing 86 79 56 11 12 21 97 91 77 Commerce 31 21 25 3 8 7 34 29 32 Tpt/Stor/Comms 26 12 8
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    • 961 26 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 114 +2 58 115 113 110 113 520.4 1056 761 CIMBAsean40 100US$ US1010 +15 722 1012 979
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    • 264 26 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 6000 AVJennings A50 -3 3 52 50 50 55 3.6 7 4 130.2 55 16 6017 Genting HK US$ US43 unch *****8 44
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    • 123 26 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 122,674 122,674 470,487 470,487 Manufacturing 1,268,186 268,873 1,537,059 1,314,016 7,262 1,321,278 Commerce 331,191 81,382 412,573 602,261 9,175 611,436 Tpt/Stor/Comms 511,704 4,560 516,264 1,022,929 1,185 1,024,114 Finance 123,986 169 124,155 1,157,826 23 1,157,849 Construction 75,449 188,038
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  • Page 26 Advertisements
    • 26 26 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
    • 374 27 In local curr In S$ In US$ dy yr dy yr dy yr Dec 3 Index Change Change Change Change Change Change World Index Preliminary 877.3 -0.1 5.4 0.1 -1.3 0.5 6.4 EAFE Preliminary 790.6 0.0 0.7 1.0 -5.1 1.4 2.3 Europe Preliminary 1154.0 -0.1
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    • 178 27 Dec 3 $S Offer Bid 0vernight 0.08 0.05 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 1/16 US$ Offer Bid 7 days 0.35 0.25 1 month 0.42 0.32 2 months 0.45 0.35 3 months 0.48 0.38 6 months 0.57 0.47 9 months 0.80 0.60 12
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    • 22 27 Dec 3 S$ Bid Offer 1-month 1.3086 1.3090 2-months 1.3086 1.3090 3-months 1.3086 1.3090 6-months 1.3086 1.3091 Source: OCBC
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    • 121 27 Dec 03 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.317 1.243 Can dollar 1.327 1.276 Euro 1.759 1.692 Sterling pound 2.076 1.997 NZ dollar 1.016 0.968 US dollar 1.328 1.277 Local dollars to 100 units of foreign
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    • 27 27 Dec 3 Open High Sett STI Dec 3163 SIMSCI Dec 377.2 378.9 374.0 Taiwan Dec 305.9 309.0 307.5 Source: MF Global (S) Pte. Ltd
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    • 76 27 Dec 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 10 3562 3560 3562 3551 164 1380 Jan 11 3558 3562 3577 3540 376 ***** Feb 11 3520 3516 3537 3490 8521 ***** Mar 11 3485 3475
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    • 427 27 Dec 3 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6725 0 7379 Mar11 99.5250 0 7306 Jun11 99.4150 0 3729 Sep11 99.3050 0 2441 EUROYEN TIBOR FUTURES Dec10 99.6650 99.6650 99.6650 99.6650 0 4588 Mar11 99.6375 99.6375 99.6375 99.6425 2 1454 Jun11 99.6300 99.6300 99.6300
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    • 151 27 Dec 3 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jan 11 447.7 447.7 447.7 6 407 Feb 11 447.0 518 Mar 11 445.0 492 Apr 11 445.5 424 May 11 445.0 148 Jun 11 445.5 298 Jul 11
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    • 88 27 Dec 3 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 03.03.2011 0.34 1-Year BY*****N 01.11.2011 0.40 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 103.72 103.78 103.71 5-Year N*****0S 2.875 01.07.2015 107.15 107.40 107.05
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    • 107 27 Dec 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 11 1300.25 1279.75 1301.50 1274.00 Mar 11 1307.00 1287.75 1309.00 1282.50 May 11 1308.25 1289.25 1310.00 1284.25 Jul 11 1310.50 1291.25 1312.00 1286.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 10 53.08
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    • 77 27 CRUDE OIL PRODUCTS Dec 2 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 89.52 1.95 WTI (Near Mth) 88.01 1.37 Dubai (1-Mth F) 86.10 1.80 Tapis blend 93.80 2.25 Minas 89.15 2.35 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 91.00 2.67 Jet Kerosene 100.60 2.55 US$/barrel Opec Oil
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    • 2497 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 1.5 -0.5 3350 1 3 -10 3.33 0 AFP Properties EW*****8 32 unch 3955 1 10 -2 1.34 59 6221 Asia-Pacific Strategic W*****6 33 -3
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    • 464 27 Dec 3 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.981 6.517 0.741 7.599 44.144 88.179 0.819 11.147 3.082 1.292 83.939 42.975 1.280 6.784 0.972 29.647 29.392 0.627 0.978 Canada 1.019 6.640
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    • 85 27 Dec 3 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 139 27 Dec 3 GOLD (US$/oz) Dec 03 Dec 02 Hong Kong 1391.20 1391.30 Dec 02 Dec 03 London 1390.82 1406.80 1391.59 1407.55 Source: Thomson Reuters CAST BAR Dec 03 (S$) Selling Buying Kilobar 62,545.78 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 140 58 5gm 398 292 10gm 711
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    • 71 27 Dec 3 Dec 3 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2301.00 2329.75 3 months 2319.00 2348.00 Copper, Grade A (US$/tonne) Cash 8767.00 8774.50 3 months 8725.00 8720.00 Lead (US$/tonne) Cash 2316.75 2351.75 3 months 2340.00 2374.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • 154 27 Dec 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2798 1.2809 0.9780 0.9785 Canadian dollar 1.3042 1.3048 0.9966 0.9968 Euro 1.7274 1.7283 1.3200 1.3203 NZ dollar 0.9902 0.9918 0.7567 0.7577 Sterling pound 2.0417 2.0428 1.5602 1.5606
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    • 82 27 Dec 3 COCOA (£/tonne) Close Prev High/Low Dec 10 1954 1910 1964/1918 Mar 11 1959 1923 1962/1920 May 11 1973 1941 1977/1938 Jul 11 1990 1959 1994/1953 COFFEE (US$/tonne) Close Prev High/Low Jan 11 1864 1867 1885/1848 Mar 11 1864 1848 1871/1838 May 11 1879 1863 1886/1850 Jul 11
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    • 5768 28 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
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  • Page 29 Advertisements
    • 28 29 r FREIGHT FORWARDER urgently needed by shippers 1 Can they find your here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327
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  • BizIT
    • 738 30  -  In addition to opening its supercomputing resources to private firms, NTU wants to make the resources available on a cloud platform, reports RAJU CHELLAM RAJU CHELLAM IN what could be the first of its kind in Asia, the Nanyang Technological University (NTU) is planning
      738 words
    • 227 30  -  This could mean bigger bang for the buck for advertisers By VICTORIA HO GOOGLE has rolled out a new online ad format for YouTube that will allow users to skip the commercials that roll before videos. Called TrueView, the ads will now play
      227 words
    • <what’s up>
      • 79 30 A NEW mobile payment trial is now available to 1,000 DBS customers who have StarHub mobile plans. The eight-month trial will allow candidates to pay at EZ-Link and MasterCard PayPass terminals via their mobile handsets. The system is SIM card-based and will
        79 words
      • 46 30 THE Singapore government has launched its www.gov.sg portal as an Android app. The app, which has already been available for the iPhone, offers users mobile access to government e-services as well as news updates. Ecquaria was commissioned to deliver the project.
        46 words
      • 53 30 TRACEY Fellows has been appointed Microsoft’s new Area Vice President for Asia-Pacific. She replaces Emilio Umeoka, who is leaving Microsoft in late December. Ms Fellows is the existing managing director for Microsoft Australia, and will relocate from Sydney to Singapore to start her
        53 words
      • 49 30  -  Compiled by VICTORIA HO ASUS has launched a 19mm-thick notebook, called the U36. It has an Intel Core i5 processor and NVIDIA graphics card. The manufacturer claims it can achieve up to 10 hours of battery life. It will be available in January next year.
        49 words
    • 627 31  -  It is targeting the underserved area of desktop-based videoconferencing By VICTORIA HO [SINGAPORE] In spite of its preached benefits to businesses, videoconferencing has stayed mostly a consumer phenomenon, according to Joe Sigrist, Avaya’s vice-president and general manager for video. While vendors have
      627 words
    • 910 31  -  By AMIT ROY CHOUDHURY LOCAL start-up Affle is looking to ride the mobile telephony boom in Asia for sustained growth. The company’s flagship product SMS 2.0 is used by a number of telcos around the region, including M1. Speaking to BizIT, Affle’s
      910 words
    • 872 31  -  With the evolution of technology, CIOs are becoming chief innovation officers &lt;you say&gt; By KELLY TAN The writer is vice-president and managing director, HP Singapore THE technology industry is being fundamentally reshaped. What is critical for business leaders is an understanding of the potential technology has
      872 words
    • 377 31 AP [SAN FRANCISCO] Google Inc’s attempt to buy local coupon site Groupon Inc appears to have failed for now, according to published reports. Groupon, whose ties to local merchants and some 35 million subscribers worldwide made it a company worth potentially US$5 billion to US$6
      AP  -  377 words
    • 148 31 Reuters [CHICAGO] Google Inc has agreed to buy Seattle-based anti-piracy software firm Widevine in a bid to boost its online video services, the world’s dominant Internet search company said on its official blog. No price was disclosed, but the software firm has raised more than US$65
      Reuters  -  148 words
  • Page 30 Advertisements
    • 820 30 A Special Feature Brought To You By EMC EMC 2 where information lives® Journey to the cloud is just that: a journey Companies will choose paths that make them most competitive successful in the marke; says EMC's CIO Sanjay Mirchandani Sanjay Mirchandani is Senior Vice President and Chief Information Officer
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  • Page 32 Advertisements
    • 187 32 i i n C| m Mm i '7 i 7\ v I 351 raaffi&s 471 2WV-: es S Is v* •&lt;* spr m £5fcff &lt;-■ m n &M t* •r ■-&gt; fijrt mz c &gt;«T» 5 '4V' &gt; m •'&gt;' ml -V itC &R M ■.&gt;: MMzm W •*&gt; J+&gt;K
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