The Business Times, 14 December 2011

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Microfilm: NL31729
Total Pages: 33
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Wednesday, December 14,
    23 words
  • Article
    Lock icon Aviation flies into credit crunch
    759 1  -  Troubled European banks cut back exposure sharply, opening up some opportunities for Asian lenders By VEN SREENIVASAN [SINGAPORE] The global aviation industry, already heading into a slump in business conditions next year, is now facing a painful credit crunch which is pushing up costs for
    759 words
  • Article, Illustration
    Lock icon S’pore file-sharing device goes places
    477 1  -  Latest accolade in Popular Science magazine adds to product’s mindshare By SHERMAN TAN [SINGAPORE] A home-grown Singapore plug-and-play file-sharing USB device has been named one of Popular Science magazine’s “100 Best Innovations of the Year”. This just adds to the string of accolades that it
    YEN MENG JIIN  -  477 words
  • Article
    Lock icon Suit over Pinnacle Notes takes a turn for Morgan Stanley
    957 1  -  US judge orders investment bank to drop ‘vexatious’ S’pore court action By GRACE LEONG [SINGAPORE] A legal battle involving a group of Singapore investors of Morgan Stanley’s failed Pinnacle Notes reached a fever pitch after the US investment bank resorted
    957 words
  • Article
    Lock icon MARKETS DIGEST
    141 1 HST INDEX 2,685.74 (-15.98) HST INDEX FUTURES 2,680.00 (-16.00) HSIMSCI 305.50 (-1.54) HSIMSCI FUTURES 304.60 (-1.10) FOREX US$ S$ US$ (S$ per US$) 1.302 (US$/S$ per 1.561 2.033 EURO (US$/S$/E) 1.320 1.719 Foreign currency per US$ S$ YEN 77.80 59.70 RM 3.182 2.444 HK$ 7.781 5.976 BAHT 31.23
    141 words
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  • TOP STORIES
    • Article
      Lock icon Global uncertainties, wage costs top business worries
      420 2  -  Companies hope for measures in next Budget, like rent, property tax rebates By CONRAD TAN [SINGAPORE] Uncertain global demand and high labour costs are the two biggest worries for businesses here in the next 12 months, according to a new report by KPMG.
      420 words
    • Article
      Lock icon Nov retail sales climb less than forecast
      487 2 Oct job openings fall by 110,000 to 3.27m as firms are reluctant to expand LATEST US DATA Bloomberg [WASHINGTON] US retail sales rose in November at the slowest pace in five months while the number of positions waiting to be filled in the
      Bloomberg  -  487 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      592 2 Aviation flies into credit crunch THE global aviation industry, already heading into a slump in business conditions next year, is now facing a painful credit crunch which is pushing up costs for financing new planes. This is because Europe’s big banks, which have traditionally been among the leaders
      592 words
    • Article
      Lock icon Tight market to hold up pay rise, bonus: poll
      556 3  -  Next year’s forecast 4.4% pay rise, 2.7 months bonus same as this year’s By CHUANG PECK MING [SINGAPORE] The outlook for the economy and jobs next year is less upbeat but the labour market here is still tight to ensure that
      556 words
    • Article, Illustration
      Lock icon EU stocks, euro recover after sell-offs; Wall St opens higher
      522 3 Reuters [LONDON] European stocks and the euro inched higher yesterday after steep sell-off, staying vulnerable to further losses on warnings by rating agencies about the eurozone’s outlook following a European Union (EU) summit that disappointed markets. US markets opened higher
      Reuters; REUTERS  -  522 words
    • Article
      Lock icon Yahoo! countersues SPH, denies copyright allegations
      484 3  -  By KENNETH LIM [SINGAPORE] Yahoo! Southeast Asia has countersued Singapore Press Holdings (SPH) in a landmark copyright infringement dispute, alleging that the newspaper group used three Yahoo! works without permission. In filings with the Singapore High Court yesterday, the Internet portal also denied SPH’s
      484 words
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      Lock icon Page 2 Advertisements Column 1
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      176 words
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      41 words
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  • COMPANY NEWS
    • Article
      Lock icon PST minority shareholder criticises report by IFA
      624 4  -  He says it fails to consider factors such as revenue from new ships By JAMIE LEE AN institutional investor of Pacific Shipping Trust (PST) which is being taken private by its holding company has criticised the financial adviser’s analysis of the deal, which
      624 words
    • Article
      Lock icon More hurdles in store for banking sector
      517 4  -  HOCK LOCK SIEW By EMILYN YAP SINGAPORE bank stocks came under selling pressure last week after the government announced more cooling measures for the property market. The fear was that the stringent stamp duty move will dampen property demand and hence home loan
      517 words
    • Article
      Lock icon More switching to commercial property: banks
      436 4  -  Low interest rates, higher yields are main factors By SIOW LI SEN SOME banks which have been seeing more investors switch to commercial properties say that they expect the pace to pick up following the latest cooling measures in the residential property market. Bankers
      436 words
    • Article
      Lock icon UOB-Kay Hian buys Malaysia’s Innosabah
      331 7  -  Price to be adjusted NAV on consolidated basis at year-end plus RM15 million By LYNETTE KHOO IN a move to gain a foothold in Malaysia, Singapore’s largest stockbroking group UOB-Kay Hian Holdings is acquiring Malaysian licensed broker Innosabah Securities Berhad (ISB). UOB-Kay Hian entered into
      331 words
    • Article
      Lock icon Stamp duty move to hit developers’ ROEs: DMG
      359 7  -  This in turn may spell rough ride for stocks By MICHELLE TAN THE government’s latest stamp duty measure to cool the residential property market is likely to depress the return on equity (ROE) and stock prices of developers, said Craig Irvine, the
      359 words
    • Article, Illustration
      Lock icon Clearing the path for LME’s takeover
      566 7 Reuters [LONDON] A move by the London Metal Exchange (LME) to add clearing operations is likely to drive up the sale price of the world’s premier metals market and sway some shareholder votes in favour of a takeover. Trades at the LME which is
      Reuters; REUTERS  -  566 words
    • Article
      Lock icon CSC to pursue outstanding sum from SG Changi
      253 7  -  By CARINE LEE CSC Holdings will explore all viable options to recover outstanding money that SG Changi still owes it over work done for the stalled Changi Motorsports Hub project. In an update, the Singa-pore-listed foundation specialist said that the options to
      253 words
    • Article
      Lock icon Hyflux enters power business
      449 8  -  It has commissioned a power plant where excess capacity will be sold to local grid By RONNIE LIM HYFLUX is now officially in the power business, having just awarded a deal this month reportedly worth some US$300-400 million to Siemens to supply it with a 411-megawatt
      449 words
    • COMPANY BRIEFS
      • Article
        Lock icon $450m committed bank facilities for CCT
        57 8 CAPITACOMMERCIAL Trust (CCT) has secured an aggregate of $450 million committed bank facilities without using any property as security. The facilities, expected to be drawn down in March 2012, are a combination of $350 million term loans and $100 million revolving credit facility with
        57 words
      • Article
        Lock icon Sound Global clinches China project
        50 8 SOUND Global Ltd has been awarded a municipal wastewater treatment project in Anshan City in China’s Liaoning province. The build, operate and transfer Dagushan Wastewater Treatment Plant project will have a total investment of 94 million yuan (S$19.2 million) and a concession of 30 years.
        50 words
      • Article
        Lock icon Datapulse posts $3.10m Q1 profit
        39 8 DATAPULSE Technology posted net earnings of $3.10 million for the first quarter ended Oct 31, 2011, up from $3.04 million a year ago. Revenue was $23.31 million, up 16.3 per cent year on year.
        39 words
      • Article
        Lock icon Novo in the red with US$34,000 Q2 loss
        48 8 NOVO Group reported a net loss attributable to shareholders of US$34,000 for the second quarter ended Oct 31, 2011, against a net profit of US$1.22 million a year earlier. Revenue rose 6.9 per cent year on year to US$96.9 million.
        48 words
      • Article
        Lock icon SPH unit launches new portal herworldPLUS
        85 8 SPH Magazines, a unit of Singapore Press Holdings, has launched herworldPLUS (www.herworldplus.com), a new comprehensive women’s interest portal that aims to cater to every stage of a woman’s life. The revamped website of Her World, Singapore’s most-read women’s magazine, now not only covers the
        85 words
    • Article
      Lock icon Sembcorp opens 106m yuan plant in China
      263 8  -  By SHERMAN TAN SEMBCORP Industries yesterday opened its first industrial water reclamation plant in China capable of producing 20,000 cubic metres of industrial water and up to 4,000 cubic metres of demineralised water per day for supply to customers in the Zhangjiagang Free
      263 words
    • Article, Illustration
      Lock icon SMX eyes launch of more commodities contracts
      614 8 Bourse is boosting its efforts to become a price setter in Asia Reuters THE Singapore Mercantile Exchange is planning to launch new commodity contracts in early 2012, including base metals and pepper, its chief executive said yesterday, as the bourse boosts its efforts
      Reuters  -  614 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI weakens in line with Europe
      577 6  -  Structured warrants dominate active counters as market’s volume continues to remain thin STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) yesterday dropped 15.98 points to 2,685.74 in response to Monday’s slide in Europe that came amidst widespread scepticism over the treaty announced
      Source: Bloomberg  -  577 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 9 3 0 0 0 2 9 3 Manufacturing 39 44 38 5 2 5 44 46 43 Commerce 12 19 13 1 5 1 13 24 14 Tpt/Stor/Comms 10 14 11
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN SDQ TOTAL Multi Ind 42,998 42,998 69,750 69,750 Manufacturing 165,290 1,859 167,149 122,720 195 122,915 Commerce 77,883 1,327 79,210 86,247 243 86,489 Tpt/Stor/Comms 72,111 14,277 86,388 138,387 1,608 139,995 Finance 23,987 30 24,017 231,842 6 231,848 Construction 79,525 10,263
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      110 6 Stock name Close Change CapMallsAsia 1.205 -0.025 CapitaLand 2.340 -0.030 CapitaMall 1.675 +0.010 CityDev 8.950 -0.050 ComfortDelGro 1.405 -0.035 DBS Grp 11.920 -0.090 F&N 6.100 +0.130 GLP 1.715 Genting SP 1.495 -0.005 Golden Agri 0.710 HK Land 4.700 JMH 47.510 -1.460 JSH 29.100 -1.110 Jardine C&C
      110 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Dec 13 VALUE CLOSE BT OB/OS -167.00 +15.00 BT CADI -*****.00 -37.00 BT 10-day MA -*****.00 -17.00 FTSE ST Mid Cap 591.08 -1.53 FTSE ST Small Cap 401.13 -0.35 FTSE ST All Share 643.57 -3.29 FTSE ST China Top 189.15 +0.02 FTSE ST China 223.89 +0.23 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      60 6 VOLUME PSL Hldgs 64,331,000 Golden Agri 36,107,000 Genting SP 30,994,000 Noble Grp 29,457,000 Gallant 29,425,000 SingTel 25,457,000 Centillion 20,675,000 MDR W*****5 18,460,000 Thai Beverage 17,418,000 STI2650MBeCW*****9 14,300,000 VALUE($) DBS Grp 92,682,111 UOB 81,293,190 SingTel 81,015,965 Genting SP 46,479,725 OCBC Bk 45,437,290 Keppel Corp 39,566,370 Noble Grp 34,636,415
      60 words
    • Article, Illustration
      Lock icon QUICKCHART
      427 6  -  by Kirn Eng Research Bearish bias The stock is showing a much weaker pattern vis-à-vis its peers. Current momentum hints at further downside with DMIs negatively placed. A breach above the strong resistance level at $1.40 is unlikely in the short term. The next immediate support area to watch
      427 words
    • Article, Illustration
      Lock icon Asian units weaken after warnings on Europe
      452 6 CURRENCIES Bloomberg [SEOUL] Asian currencies declined, led by India’s rupee and Thailand’s baht, after ratings companies said last week’s European summit did little to ease the region’s debt crisis, weakening the outlook for exports. The MSCI Asia-Pacific Index of shares fell one per
      Bloomberg; BLOOMBERG  -  452 words
    • Article
      Lock icon RISES
      101 6 BY CENTS CLOSE UP Asia Pac Brew 2750 70.0 2.6 DBXT S&P Short 10US$ 4244 57.3 1.0 DairyFarm 905 24.7 2.1 UOB 1569 19.0 1.2 SIA 1026 17.0 1.7 OCBC Bk 5.1%NCPS 100 ***** 15.0 0.1 F&N 610 13.0 2.2 UI Securities 126 8.0 6.8 UOI 320 7.0 2.2
      101 words
    • Article
      Lock icon FALLS
      118 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ 9116-445.1 -3.6 GLD 10US$ *****-351.4 -1.6 IS S&P500 *****-192.6 -1.2 JMH 4751-190.0 -3.0 JSH 2910-144.5 -3.7 DBXT DBCBDJUBS 10US$ 3287 -85.9 -2.0 DBXT MSINDIA 10US$ 737 -49.5 -4.9 DBXT E50 10US$ 3380 -43.0 -1.0 DBXT FTChina25 10US$ 2601 -41.6 -1.2 Lyxor India
      118 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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      Lock icon Page 7 Advertisements Column 1
      194 7 DISTINCT HALLMARKS OF EXCELLENCE M Thi M (vwM^gi •D I V (>vKW"^ r7 r \U J A G <L SINGAPORE TATLER'S BEST OF SINGAPORE (LUXURY CAR CATEGORY) AWARD FOR THE THREE CONSECUTIVE YEARS OF 2009, 2010 AND 2011. Many unmistakable characteristics define a Bentley handcrafted luxury, distinctive design, breathtaking power,
      194 words
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      Lock icon Page 8 Advertisements Column 1
      127 8 SINGAPORE 5th YEAR ANNIVERSARY SALE Viewing Date: 15 17 December 2011 Time: 10:00am 7:00pm Auction 17 December 1:30 pm Chinese Modern Paintings and Calligraphy Chinese Contemporary Paintings 18 December 10:00am Magnificent Jewels, Watches and Jade Carvings 1:30pm Chinese Ceramics and Works of Art Venue J Level 3, Cassia 3201A-3304, The
      127 words
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      1102 9 0DBS7S I am looking to capitalise on higher growth opportunities We are offering you a maturity 1 value of 115.09% 2 with the Dragon Renminbi Plan >: ■SSr 7. I a yw>u*'' 1 1 f V 1 J -tsar f >• *a«r-r" TV. 'J— '*»'<«■* t r *'Mh. **B? J*.
      1,102 words
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  • SINGAPORE NEWS
    • Article
      Lock icon JTC re-launching tender for JRC’s phase 1 operator
      603 10  -  It aims to get the operator on board by second half of next year By RONNIE LIM AFTER a long four-year hiatus, JTC Corporation is this week re-launching a tender for an operator to run the S$890 million first phase of its
      603 words
    • Article
      Lock icon Asian firms lacking in Duty of Care practices: survey
      423 10  -  By NG JIE HUI ASIAN firms are lacking in Duty of Care practices, a survey shows. The survey, conducted by International SOS, a leading global medical and security assistance company, shows that companies based in Asia scored lower in their awareness
      423 words
    • Article, Illustration
      Lock icon Singapore port hits 2b gross ton mark
      419 10  -  January-November tonnage up 10.2% year on year By LYNN KAN WITH the arrival of container ship MV APL Washington at PSA’s Pasir Panjang Terminal yesterday, the Port of Singapore sailed past the two billion gross ton (GT) mark for the first time. The
      419 words
    • Article, Illustration
      Lock icon E&Y spreads festive cheer to the needy
      182 10  -  By TAM YU LING SPREADING good cheer in the festive season, staff of accounting giant Ernst Young played Santa and delivered gifts to more than 480 needy folks on Monday. This year, Ernst Young donated $40,000 under the Boys’ Brigade Sharity Gift Box
      182 words
    • Article
      Lock icon Gaming growth rates in Asia-Pac likely to moderate: S&P
      578 10  -  Singapore’s net gaming revenue expected to grow by 5-10%: analyst By GRACE LEONG GAMING growth rates in the Asia-Pacific are expected to moderate next year but still move at a healthy clip, according to a Standard Poor’s report. “We expect growth
      578 words
    • Article
      Lock icon CTC Travel merges with online travel agent
      260 10  -  By TAM YU LING TRAVEL agency CTC Travel is on a roll these days with its second M&A in less than a month, weeks after inking a deal to buy Park Regis Singapore for $270 million. The company announced yesterday its merger with
      260 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Europe faces lower living standards: Bank of Canada
      497 11 Reuters [TORONTO] Bank of Canada governor Mark Carney warned that a third of the eurozone should be ready to face substantially lower living standards to regain competitiveness. Mr Carney, also head of the G-20’s Financial Stability Board (FSB), welcomed last week’s European
      Reuters; REUTERS  -  497 words
    • Article
      Lock icon US Nov budget gap narrows as tax receipts rise
      522 11 But much stronger growth needed to slash deficit: analyst Bloomberg [WASHINGTON] The US government’s budget deficit narrowed in November from the same month last year, helped by an improvement in tax receipts. The US$137.3 billion shortfall is smaller than the US$150.4
      Bloomberg  -  522 words
    • Article
      Lock icon Even ultra-rich Americans feel the bite of recession
      560 11 Share of income received by top 1 down at 17% in ‘09 from 23% in ‘07 NYT [WASHINGTON] Hold the condolence cards, but the recession cost the rich. The share of income received by the top one per cent that potent symbol
      NYT  -  560 words
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      Lock icon Page 11 Advertisements Column 1
      179 11 k I* 4 v w: m ,v irfKx i l Oi Live the Latin mix. One continent. Twelve countries. Many cultures. Welcome to the New World, where passion, flavours, colours and music mix. All you have to do is choose where to fly in: Buenos Aires, Rio de Janeiro or
      179 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Felda in strategic-alliance talks with five global trading houses
      764 12 Tie-up by plantation operator seen shoring up investor interest ahead of IPO Reuters [SINGAPORE] Malaysia’s Federal Land Development Authority (Felda), the staterun plantation operator, is discussing a strategic alliance with five global trading houses, including Archer Daniels Midlands Co, Bunge Ltd
      Reuters  -  764 words
    • Article
      Lock icon Pay hike soon for Freeport workers in Indonesia
      395 12 3-month strike to end with deal for 37% rise over 2 years Reuters [JAKARTA] Freeport McMoRan Copper Gold Inc and its Indonesian workers’ union expect to sign a pay deal soon, ending a three-month strike that has crippled production at the world’s
      Reuters  -  395 words
    • Article, Illustration
      Lock icon Dr M backs Mokhtar’s Proton bid
      548 12 Bloomberg [KUALA LUMPUR] Syed Mokhtar Al-Bukhary, Malaysia’s second-youngest billionaire, received former prime minister Mahathir Mohamad’s endorsement to acquire a controlling stake in carmaker Proton Holdings Bhd. DRB-Hicom Bhd, Mr Syed Mokhtar’s car assembler, is the best candidate to buy the government’s 43 per cent
      Bloomberg; THE STAR/ASIA NEWS NETWORK  -  548 words
    • Article
      Lock icon Activists urge arrest of Sarawak chief minister
      330 12 AFP [KUALA LUMPUR] Environmental groups and activists from Malaysia, Europe and Australia yesterday called on Malaysian authorities to arrest a powerful state governor and 13 relatives accused of massive graft. Signatories including Greenpeace and the Swiss-based Bruno Manser Fund released a letter sent
      AFP  -  330 words
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      1404 12 CHASEN HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****6814G) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at Raffles Lounge (level 2), Raffles Country Club, 450 Jalan Ahmad Ibrahim, Singapore *****2 on 29 December
      1,404 words
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      Lock icon Page 12 Advertisements Column 2
      70 12 BUYING/SELLING High Value Branded Watches (PENG KWEE) Rolex Cartier Omega Patek Philippe IWC Chopard Vacheron Constantin Richard Mille Roger Dubuis Franck Muller Jaeger-Lecoultre Audemars Piguet Breguet Piaget Panerai #01-46 Peninsula Plaza #01-45 Peninsula Plaza #01-45 The Bencoolen #02-90K People's Park Complex #01-44 People's Park Centre #01-53 Lucky Plaza 26 Smith
      70 words
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      2 12 Selina ±M&
      2 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Beijing may cut taxes to help spur growth
      598 13 Top officials outline policies for 2012 at annual economic work conference Bloomberg [BEIJING] China may use tax cuts to shore up expansion in the second-largest economy next year as export growth weakens and the threat of bad loans from stimulus spending narrows
      Bloomberg; BLOOMBERG  -  598 words
    • Article
      Lock icon Sinopec, ENN Energy offer to buy China Gas for US$2.2b
      466 13 Reuters [HONG KONG] Sinopec and ENN Energy Holdings are offering up to US$2.2 billion cash for control of privately run natural gas distributor China Gas Holdings, aiming to bulk up their presence in China’s booming gas market through what could
      Reuters  -  466 words
    • Article
      Lock icon India panel rejects hike in insurer FDI cap
      340 13 It sees govt proposal as not in industry’s interest Bloomberg [NEW DELHI] A panel of Indian lawmakers rejected a proposal to raise the cap on foreign investment in insurers, likely curbing plans by Aviva and Allianz to grow in the nation’s US$41
      Bloomberg  -  340 words
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      592 13 For a brand that gave the world THE POWER TO SURPRISE; tributes and accolades have become... hmph...somewhat unsurprising Forgive us for sounding a little triumphant. But we've earned it after all. As you may know, Peter Schreyer, our Chief Design Officer, has just been named Man of the Year by
      592 words
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      517 14/15 CELEBRATING 10 YEARS OF BRAND EXCELLENCE AN ASME-LIANHE ZAOBAO AWARD Singapore Prestige Brand Award 11 to Sxcedmce Now into its 10 th year, Singapore Prestige Brand Award is one of Singapore's most coveted brand accolades. To date, more than 200 deserving brands have passed the stringent judging process to win
      517 words
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  • WORLD
    • Article
      Lock icon German investor sentiment unexpectedly rises in Dec
      415 16 Economy is showing few signs of slowdown, despite region’s debt crisis Bloomberg [BERLIN] German investor confidence unexpectedly rose for the first time in 10 months in December, indicating that Europe’s largest economy is weathering the region’s debt crisis. The ZEW Center for European
      Bloomberg  -  415 words
    • Article
      Lock icon Greek budget deficit widens despite taxes
      384 16 Reuters AP [ATHENS] Greece’s budget deficit continued to widen in November as an austeri-ty-fuelled recession cancelled out much of the extra revenues the government was hoping to raise through emergency taxes, data showed yesterday. The budget gap of the central government widened 5.1 per
      Reuters; AP  -  384 words
    • Article
      Lock icon EU banks selling profitable units
      374 16 Bloomberg [LONDON] European banks, under pressure from regulators to bolster capital, are selling some of their fastest-growing businesses to competitors from outside the region at the expense of future profit and economic growth. Spain’s Banco Santander, Belgium’s KBC Groep and Germany’s Deutsche Bank are accelerating
      Bloomberg  -  374 words
    • Article, Illustration
      Lock icon AT&T acquisition bid close to failure after court move
      571 17 Company to explore other deals acceptable to antitrust regulators Bloomberg [WASHINGTON] AT&T Inc’s proposed US$39 billion purchase of T-Mobile USA Inc may be close to failure after a federal judge agreed to put on hold a US government challenge to the
      Bloomberg; AP  -  571 words
    • Article
      Lock icon Investment clubs in the US lose their currency
      529 17 Reuters [NEW YORK] Not that long ago, it seemed like everyone belonged to an investment club. People would gather at a friend’s house, share a few bottles of merlot and toast their soaring investments in Cisco and JDS Uniphase. Now? Not so
      Reuters  -  529 words
    • Article
      Lock icon Keep buyout firms from Woori sale: official
      479 17 Aim is to avoid fallout in Lone Star’s acquisition of KEB [SEOUL] South Korea should discourage buyout firms from bidding for Woori Finance Holdings Co to avoid repeating the mistake it made when Lone Star Funds acquired Korea Exchange Bank, according to a
      479 words
    • Article
      Lock icon Pfizer to buy back up to US$10b of shares
      350 17 Reuters [NEW YORK] Pfizer Inc, the world’s biggest drugmaker, has named chief executive Ian Read to the additional post of chairman and authorised buying back company stock for up to US$10 billion. Mr Read succeeds George Lorch, who will become lead
      Reuters  -  350 words
    • Article, Illustration
      Lock icon S Koreans snapping up luxury goods
      563 18 Sales have been rising at least 12% annually Reuters [SEOUL] Sixty years ago, war-torn South Korea was one of the poorest countries in the world. Now it is the world’s 13th-largest economy and a magnet for luxury goods, prying open the wallets of its
      Reuters; FILE PHOTO  -  563 words
    • Article
      Lock icon US financials too risky even for contrarians
      524 18 The sector is down 20% this year and is the worst performer in the S&P 500 Reuters [NEW YORK] Even experienced Wall Street contrarians are eyeing the beat-en-down US financial sector warily. The sector is down 20 per cent this year, by far
      Reuters  -  524 words
    • Article
      Lock icon Australia govt eyes fresh power privatisation round
      432 18 Reuters [MELBOURNE] Australia’s government will lead a renewed push for the privatisation of state electricity assets after warning the country urgently needed energy market reform and huge investment to meet power demand at home and abroad. Energy Minister Martin Ferguson, unveiling a draft
      Reuters  -  432 words
    • Article
      Lock icon CME rule change sparks Chicago pit traders’ outcry
      625 18 Plan to use Globex trades to set closing prices fuels revolt Reuters [CHICAGO] Chicago pit traders are up in arms against a CME Group plan to use electronic trading to set grain and livestock closing prices, a move they fear will drive
      Reuters  -  625 words
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      2061 16 MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices NAM CHEONG LIMITED (Incorporated in Bermuda) (Company Registration No. *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting (SGM) of Nam Cheong Limited (Company) will be held at Riverview Hotel, Orchid Room, Level 2, 382 Havelock
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      615 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF (1) CITY PORT DEVELOPMENT PTE LTD Co. Reg. No. *****3605C (2) EDENSPRING PROPERTIES PTE LTD Co. Reg. No. *****1036E (3) FRONTIER PROPERTIES PTE LTD Co. Reg. No. *****7990D (4) NORTH BRIDGE COMMERCIAL COMPLEX PTE LTD Co.
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      351 16 "<©t MATS NOTICES ANNEX“A” IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF METALLICS& CHEMICALS (SINGAPORE) PTE. LTD. (Company Registration No: 2008-*****-M) (Incorporated in the Republic of Singapore) (InMembers’VoluntaryLiquidation) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 80 South
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      516 16 UBAM CONVERTIBLES Société d'Investissement à Capital Variable (SICAV) Registered office: 7 place Vendôme ***** PARIS RCS Paris No. 424 316 750 NOTICE TO ATTEND Shareholders are hereby invited to attend an extraordinary general meeting at 11:00 on 16 December 2011 at 7 place Vendôme, ***** Paris, to deliberate on the
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  • Page 17 Advertisements
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      106 17 Revel in the warmth of the season and share the festive excitement with friends and loved ones. Enjoy a diverse array of festive feasts at our award-winning restaurants and take home yuletide goodies from The Atrium Deli. Get your celebrations started by visiting panpacific.com/singapore/festive For further enquiries and to make
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  • Page 18 Advertisements
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      322 18 >©' MATa NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices OTTO MARINE SERVICES PTE LTD (Company Registration No. *****5659N) (Incorporated In The Republic of Singapore) S$500,000,000 MULTICURRENCY MEDIUM TERM NOTE PROGRAMME (THE "MTN PROGRAMME") Series No. 001 Tranche No. 001 S$100,000,000 Fixed Rate Notes Due 2013 REMINDER OF NOTICE OF EXTRAORDINARY
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      313 18 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF KRDL PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REGISTRATION NO. *****7069Z NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that a Final Meeting of a member of the abovenamed company will be held at 20 Cecil
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      8 18 WhyhavesomeChinese firms delist from US optedto exchanges Tosubscribe,call6388-3838orgotosphsubscription.com.sg
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  • TransportHUB
    • Article
      Lock icon A new era in Gibraltar
      843 19  -  Whoever the new port minister is will have some difficult issues to address STRAIT TALK By DAVID HUGHES THOSEwhohavebeen following The Business Times shipping pages for a while may have noticed that it has been a long time since we have carried anything about Gibraltar,
      843 words
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      Lock icon World Fuel Services headed for record year
      1156 19 Biggest-ever fleet of merchant vessels drives bunker sales Bloomberg [LONDON] At a time when the biggest-ever fleet of merchant vessels means losses and bankruptcy for ship owners, the company providing about 12 per cent of their fuel is poised to make record profit.
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      Lock icon Korean shipbuilding stocks extend losses
      358 19 Reuters [SEOUL] Shares in South Korean shipbuilders extended their losses yesterday after the cancellation of a ship order this year prompted concerns among investors that Europe’s debt crisis could see more orders being deferred and stopped. Daewoo Shipbuilding Marine Engineering said late on Friday that
      Reuters; BLOOMBERG  -  358 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 19 SGX '000 Dec 13 S$ +/-Vol CH Offshore 0.36 unch 1 Chuan Hup Hldg 0.20 -0.01 15 Cosco Corp 0.90 unch 2311 CWT Ltd 1.01 0.02 67 Ezra Hldgs 0.86 unch 1431 First Ship Lea 0.29 unch 788 Freight Links 0.06 unch 285 Grand Banks unch unch 0
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    • TRANSPORT HUB: AVIATION
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        Lock icon Japan likely to pick F-35 as mainstay fighter jet
        672 20 Once the selection is made, the govt plans to deploy four new jets in 2016 [BANGALORE] Japan will hold a national security council meeting on Friday to select the next mainstay fighter jet for the Japan Air Self-Defense Force with Lockheed
        AP  -  672 words
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        Lock icon Rockwell Collins not for sale at the moment: CEO
        549 20 Reuters [NEW YORK] Rockwell Collins Inc is not for sale right now, but the company would be fiscally responsible if a potential buyer were willing to pay a high price for the supplier of flight controls and other electronics for airplanes,
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      • Article
        Lock icon Darwin is first new stop under SIA-Virgin tie-up
        294 20  -  Mutual recognition of frequent flyers to start next week By VEN SREENIVASAN THE first new service under the Singapore Air-lines-Virgin Australia alliance takes off in March next year when SIA regional carrier SilkAir starts direct flights to Darwin. SIA and Virgin will
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      • Article
        Lock icon Brazil plans more airport privatisations
        245 20 Bloomberg [BRASILIA] Brazilian President Dilma Rousseff plans to privatise more airports to help Latin America’s largest economy prepare to host the 2014 World Cup and the 2016 Olympic games, a government official said. The government would consider auctioning any airport that attracts the interest of
        Bloomberg  -  245 words
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        Lock icon Safran targets 15b euros of sales
        213 20 Reuters [PARIS] Aviation and defence group Safran is aiming for organic sales of around 15 billion euros (S$25.8 billion) in 2015 and a recurring operating margin in the mid-teens helped by faster production of airplanes and growth in services. Safran also wants to achieve
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      • Article
        Lock icon airBaltic starts selling cars on board
        194 20 AFP [WARSAW] Latvian airline airBaltic announced on Monday that it was branching out into another business, claiming to be the world’s first carrier to sell cars during its flights. From Friday, passengers on all airBaltic flights will be able to buy a Mini Cooper
        AFP  -  194 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Brighter future seen for Opel
        550 21  -  Selling commercial and passenger models brings synergies: Alphine By SAMUEL EE ALPINE Motors Group believes that it will succeed with Opel where others have not because it will enjoy synergies from distributing both the German carmaker’s passenger and commercial models. “Together with our familiarity with
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      • Article
        Lock icon The Cayenne now a symbol of excess
        439 21 Bloomberg [MADRID] Roberto Murga, a construction manager from Barcelona, loved his platinum grey Porsche Cayenne until the debt crisis made the sport-utility vehicle’s leather interior and electronic seats expendable. The 66,370-euro status symbol is now unnecessary ballast for Mr Murga, 33, who like
        Bloomberg  -  439 words
      • Article, Illustration
        Lock icon Infiniti guns for 10% of luxury segment
        427 21  -  By SAMUEL EE INFINITI is eyeing 10 per cent of the premium segment when its showroom opens in the middle of next month. The arrival of only the second Japanese luxury brand in Singapore will be closely watched because it enters a sharply
        427 words
      • Article
        Lock icon Toyota banks on Camry to maintain lead in US
        1185 21 The company has set a goal of selling at least 360,000 Camrys in the US in 2012 Bloomberg [LAS VEGAS] Toyota Motor Corp was already counting on the revamped Camry to spark a US sales rally. The carmaker’s flagship model is
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      • Article
        Lock icon Toyota in JV deal for rare earths
        206 21 Bloomberg [NEW YORK] Toyota Tsusho Corp, the trading company of Asia’s largest carmaker, will help accelerate production of rare-earth metals for Canadian mining company Matamec Explorations Inc and buy all the output from its Kipawa mine. A memorandum of understanding between the two
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  • Page 20 Miscellaneous
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      347 20 CRYPTIC CROSSWORD Across 1 Rural company with new driver in US car mostly (7) 5 A Northern party a bishop backed in principality (7) 9 Greek behind corruption (5) 10 Mastery gained in code man cracked (9) 11 A point, right, admitted by friend gets legal authority (10) 12 Pieces
      347 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Spat threatens Malaysia’s budget air travel
      500 22 EDITORIAL At a time when the International Air Transport Association (Iata) is warning about tough times for the world’s air travel industry, it is strange that the region’s biggest budget carrier AirAsia and Malaysia Airports’ Holdings (MAHB) should be engaging in a very public
      500 words
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      Lock icon Fed bashing ignores the truth and stretches facts
      814 22  -  THE BOTTOM LINE ROBERT SAMUELSON THE further we get from 2008, when the American economy flirted with another Great Depression, the more people forget what happened and create stories that satisfy some political, ideological or journalistic urge. Among the biggest losers in
      814 words
    • Article, Illustration
      Lock icon Currency with a long shelf life
      980 22  -  The history of anchor currencies suggests the US dollar’s predominance is far from over By SANJEEV SANYAL The writer is Deutsche Bank’s global strategist THE ongoing economic crisis and the persistent deficits of the United States have increasingly called into question the US dollar’s
      BLOOMBERG  -  980 words
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      Lock icon Hara-kiri, British-style
      1375 23  -  Is David Cameron putting his personal interests above those of the nation or is he just extraordinarily inept? By HUGO YOUNG REUTERS BREAKINGVIEWS THE UK’s self-immolation beggars belief. The government’s clumsy attempt to extract concessions from eurozone countries in their time of need has set off a chain
      REUTERS  -  1,375 words
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      Lock icon PM Singh should better build consensus on FDI
      1020 23  -  YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT IN the face of unrelenting pressure from the Opposition in parliament and the lack of support from two crucial allies, India’s Congress-led United Progressive Alliance (UPA) government had to
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    • Article
      Lock icon Correction
      63 23 THE letter published yesterday titled “Changi committed to safe and smooth air traffic flow” was indicated as having come from Penny Ng, head (air navigation services policy), Civil Aviation Authority of Singapore. The letter has another signatory whose name we had inadvertently left out Ang Cheng Nam, vice-president, airside
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      7778 24 Transaction date: Dec 13 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 11.6 8Telecom 15.5 1.1 14.5 7.8 3.9 3.2 74.2 9.5 4.1 A-Sonic 4.8 +0.2 200 4.8 4.8 4.6 4.8
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    • Article
      Lock icon SGX CATALIST
      1538 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 12.1 t 800 Super 12.4 12.4 13 4.7 4.4 4.8 22.2 5.5 2.5 t AA Grp 3.3 2.5 3.3 15.7 3.2 200 98
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    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9949 25 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.15/ APS Alpha Fund (USD)!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.59/ Aberdeen Asset Mgt Asia Limited American Opp 0.6349/ Asian Credit Fund
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      Lock icon GLOBALQUOTE
      248 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 55.5 34 AVJennings A34 34.5 43.5 3.6 10.3 2.7 88.5 49 25.5 Genting HK US$ US27 -1 4842 28 27 27 27.5 1777.8 15 10 OGL Resources
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    • Article
      Lock icon SGX ETF
      908 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 116.3 113.5 116.3 530.9 1261 856 CIMBAsean40 100US$ US947 -2 5 947 947 945 950 37.9 ***** ***** DBXT AUD
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 26 In local curr In S$ In US$ dy yr dy yr dy yr Dec 12 Index Change Change Change Change Change Change World Preliminary 818.1 -1.4 -8.9 -1.3 -7.4 -1.7 -8.8 EAFE Preliminary 676.5 -1.0 -15.5 -1.2 -14.0 -1.6 -15.3 Europe Preliminary 998.2 -2.2 -14.6
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 26 CRUDE OIL PRODUCTS Dec 12 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.76 -0.11 WTI (Near Mth) 97.95 -1.60 Dubai (1-Mth F) 104.19 -1.08 Tapis blend 114.06 -1.01 Minas 111.96 -0.51 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 98.33 1.50 Jet Kerosene 122.70 -1.00 US$/barrel Opec Oil
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    • Article
      Lock icon CHICAGO BOT
      107 26 Dec 12 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 12 1112.00 1107.00 1115.00 1095.00 Mar 12 1122.25 1116.50 1124.75 1104.75 May 12 1132.75 1127.00 1135.50 1115.75 Jul 12 1143.00 1137.00 1145.50 1125.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 11 49.06
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    • Article
      Lock icon GOVERNMENT SECURITIES
      79 26 Dec 13 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 15.03.2012 0.35 1-Year BY*****W 01.11.2012 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 102.99 5-Year N*****0W 1.125 01.04.2016 102.10 102.20 102.20 10-Year NX*****X
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      447 26 Dec 13 Dec 13 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.4425 0 3276 Mar12 99.3650 0 3230 Jun12 99.3250 0 1153 Sep12 99.3150 0 351 EUROYEN TIBOR FUTURES Dec11 99.6725 0 4621 Mar12 99.6650 99.6650 99.6650 99.6600 0 2277 Jun12 99.6625 0 1440 Sep12
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    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      114 26 As on 12 December 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT FEB2012 1713.80 1667.00 1668.30 106 CURRENCY AUD-USD FUT DEC2011 1.0186 1.0044 1.0058 1729 EUR-USD FUT DEC2011 1.3362 1.3207 1.3189 7218 USD-JPY FUT DEC2011 77.95 77.62 77.88 2016 BASE METAL
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    • Article
      Lock icon SGX FUTURES
      156 26 Dec 13 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jan 12 337.0 337.0 337.0 2 285 Feb 12 341.9 221 Mar 12 345.3 312 Apr 12 354.2 144 May 12 356.7 253 Jun 12 356.5 185 Jul
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    • Article
      Lock icon LONDON METALS
      69 26 Dec 12 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2011.00 2064.00 3 months 2015.00 2065.00 Copper, Grade A (US$/tonne) Cash 7581.75 7792.50 3 months 7606.00 7815.00 Lead (US$/tonne) Cash 2088.25 2147.75 3 months 2105.50 2165.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • Article
      Lock icon LIFFE
      82 26 Dec 12 COCOA (£/tonne) Close Prev High/Low Dec 11 1362 1281 1383/1232 Mar 12 1419 1338 1464/1287 May 12 1434 1352 1467/1304 Jul 12 1451 1371 1483/1323 COFFEE (US$/tonne) Close Prev High/Low Jan 12 1885 1926 1941/1872 Mar 12 1923 1962 1978/1910 May 12 1953 1992 2008/1944 Jul 12
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    • Article
      Lock icon STOCK INDEX FUTURES
      26 26 Dec 13 Dec 13 Open High Sett STI Dec 2680 SIMSCI Dec 305.2 306.2 304.6 Taiwan Dec 248.4 248.7 246.7 Source: SGX Derivatives
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2035 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 55 49.00 29 ASJ Hldgs W*****1 0.1 1 4 24 33.00 2 AlliedTech W*****2 1.7 1 4 23 Aztech Grp W*****3 0.2 1 20 130
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 26 Dec 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.037 6.438 0.766 7.868 53.935 91.822 0.786 11.670 3.218 1.322 90.128 44.376 1.317 8.344 0.947 30.588 31.581 0.648 1.011 Canada 0.964 6.209
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    • Article
      Lock icon SIBOR
      82 26 Dec 13 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 26 Dec 13 Dec 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3158 1.3172 1.0111 1.0114 Canadian dollar 1.2690 1.2705 0.9751 0.9755 Euro 1.7180 1.7194 1.3201 1.3202 NZ dollar 0.9956 0.9969 0.7650 0.7654 Sterling pound 2.0316 2.0336
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    • Article
      Lock icon PRECIOUS METALS
      138 26 Dec 13 GOLD (US$/oz) Dec 12 Dec 13 Hong Kong 1692.00 1664.30 Dec 09 Dec 12 London 1715.50 1664.64 1716.50 1665.67 Source: Thomson Reuters CAST BAR Dec 13 (S$) Selling Buying Kilobar 74,582.21 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 167 70 5gm 474 348 10gm 847
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    • Article
      Lock icon PALM OIL
      53 26 Dec 13 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 11 2968.0 859 Jan 12 3020.0 3001.0 3020.0 2984.0 1249 7051 Feb 12 3017.0 3002.0 3023.0 2980.0 9957 ***** Mar 12 3016.0 3007.0 3024.0 2981.0 2796 *****
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    • Article
      Lock icon US$/S$ FORWARD RATES
      24 26 Dec 13 Dec 13 S$ Bid Offer 1-month 1.3014 1.3025 2-months 1.3014 1.3025 3-months 1.3012 1.3023 6-months 1.2998 1.3011 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      123 26 As at 9am Dec 13 Dec 13 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.339 1.276 Can dollar 1.291 1.242 Euro 1.748 1.681 Sterling pound 2.068 1.989 NZ dollar 1.02 0.972 US dollar 1.322 1.272 Local dollars to 100 units
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    • Article
      Lock icon INTERBANK RATES
      154 26 Dec 13 $S Offer Bid 0vernight 0.02 0.01 1-month 5/16 3/16 2-months 5/16 3/16 3-months 5/16 3/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.30 0.20 1 month 0.50 0.30 2 months 0.55 0.35 3 months 0.65 0.45 6 months 0.90 0.70 9 months 1.10 0.90 12
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    4516 27 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination
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  • Page 27 Advertisements
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      26 27 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? To All Shipping Advertisers: Please call Joe Wong at 9620 1327
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  • Page 28 Advertisements
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      104 28 Can they find your services here in the Shipping Times? Can they -Find your services Here in the Shipping Times? urgently needed b>y shippers THE BUSINESS TIMES SHIPPING TIMES ADVERTIS I JOE WONG AT 9620 1 Announce Your Corporate Development < Come publicise your Project Completion, Ship Christenings Delivery of
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      276 29 (I a FX Traders You'll be in good company 7k 7k tt 7k Best Speed of Best Research Execution Best Effective Best Integrated and Analytics Risk Management Workflow and and Execution Compliance Strategies Solutions Best Improved Overall Market Best Improved Overall Market Share by Volume Share by Volume ($5bn $10bn)
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      110 30 2012 JAN Be re-employment ready The Retirement and Re-employment Act (RRA) takes effect from 1 Jan 2012 and applies to all employers. Under the RRA, employers are to offer re-employment to employees who: Are turning 62 Are medically fit to continue working Have satisfactory work performance To prepare your organisation
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  • executive Money
    • Article, Illustration
      Lock icon Taking stock of interest rates
      991 31  -  As demand for funds continues to outpace deposits, spreads including mortgage spreads may rise, reports TEH HOOI LING WHILESinga-poreinterestrates are generally expected to remain low next year, there might be a chance that mortgage rates will rise as banks begin to charge higher spreads should
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    • Article
      Lock icon Optimism over tech stocks points to US recovery
      777 31 Bloomberg [WASHINGTON] Profit forecasts for computer and software makers are holding up better than any industry in the world, a sign of confidence that corporate spending will keep the American economy expanding next year. Net income at companies from Apple to Oracle
      Bloomberg  -  777 words
    • Article, Illustration
      Lock icon Staying calm in volatile markets
      1098 29  -  Short-term losses and volatility are inevitable and investors have to live with them rather than be stifled by them, writes PETER BROOKS The writer is head of behavioural finance, Asia Pacific, at Barclays Wealth. He holds an M Sc in economics and econometrics, and a
      AFP  -  1,098 words
  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 2
      444 31 JOIN E*TRADE 2012 MARKET OUTLOOK OPTIONS STRATEGIES SEMINAR To help you ride through the volatile market with confidence V; Date: Jan 14, 2012 (Sat) Time: 1:30pm 4:30pm Venue: Level 4, Raffles City Convention Centre Inspiration to Hedge Your Portfolio E*TRADE is delighted to invite internationally-renowned Research and Options experts to
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      37 32 Mechanics of Passion ART 05 o > 5 A i i. v /J v« it -c." 1% K? y u En T C i a x-/'-ArtScience Museum 14 December 2011 12 February 2012 .IAAC ArtScienceMuseum MARINA BAY SANDS
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  • Page 33 Advertisements
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      86 33 THE BUSINESS TIMES S$I.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNC>*****2868E MICA (P) 120/08/2011 Directed by TOKUJIN YOSHIOKA Wednesday, December 14,2011 CARTIER TIME ART Mechanics of Passion <- .,-.0 m m- R K- >>r I -mm v S3S^ IS TJ 11 mz. m si SI ■%2fm IN
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      738 34 C ARTIER TIME ART Discover the essence of Cartier watchmaking at the exceptional exhibition Cartier Time Art and witness the Maison's rich heritage of expertise in horology. For the first time in Asia, the largest number of Cartier timepieces with over 159 remarkable creations will be presented at the iconic
      738 words