The Business Times, 28 December 2011

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Microfilm: NL31730
Total Pages: 28
1 28 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 28,
    23 words
  • Article, Illustration
    Lock icon Developers, govt agree to disagree
    762 1  -  Redas chief calls ABSD ‘Another Bad Shock for Developers’, minister says that it is necessary By MINDY TAN, FELDA CHAY [SINGAPORE] That the government and developers disagree over the latest cooling measures was made plain at last night’s Redas dinner, where deeply divergent views were
    ARTHUR LEE  -  762 words
  • Article, Illustration
    Lock icon Iskandar ex-boss’s husband charged with taking bribes
    587 1  -  Arlida’s husband accused of accepting bribes to help firm clinch mega tender By Kuala PAULINE NG in Kuala Lumpur HIS wife was the head of the Iskandar development region. Now, Mohd Amin Suhaimi faces charges that he pocketed RM1.6 million (S$655,000) from a
    587 words
  • Article
    Lock icon MARKETS DIGEST
    141 1 HST INDEX 2,673.62 (-2.85) EST INDEX FUTURES 2,674 (+0) HSIMSCI 305.20 (-0.52) GSIMSCI FUTURES 305.20 (+0.20) FOREX US$ S$ US$ (S$ per US$) 1.296 (US$/S$ per 1.567 2.031 EURO (US$/S$/E) 1.307 1.694 Foreign currency per US$ S$ YEN 77.90 60.10 RM 3.164 2.441 HK$ 7.779 6.001 BAHT 31.45
    141 words
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      11 1 EXEC MONEY A year for dividend investing in Asia PAGE 28
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      16 1 COMMENTARY Danger of froth in strata industrial, office segment can be averted PAGE 2 *****1 *****4
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      88 1 SHOPPING FRENZY Mega Monday brings plenty of cheer for US retailers PAGE 12 TRANSPORT HUB Naval presence still critical PAGE 17 Deutsche Bank db.com Global strength and expertise. At the centre of Asia's markets. Best Global Bank EuromoneyAwardsforExcellence2011 This advertisement has been approved and/or communicated by Deutsche Bank AG and
      88 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Dec consumer confidence beats forecasts
      540 2 Conference Board’s index up at 64.5 on better job prospects and cheaper petrol LATEST US DATA cent pace. Bloomberg, Reuters [WASHINGTON] Confidence among US consumers rose in December to the highest level in eight months as an improving job market helped regain all the ground
      cent pace. – Bloomberg, Reuters; PHOTO: BLOOMBERG  -  540 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      529 2 Developers, government agree to disagree THAT the government and developers disagree over the latest cooling measures was made plain at last night’s Redas dinner, where deeply divergent views were publicly aired. The Real Estate Developers Association of Singapore’s 52nd anniversary dinner was the first public function for the
      529 words
    • Article
      Lock icon Danger of froth in strata industrial, office segment can be averted
      826 2  -  Solution already lies in restrictions that come with government land sales COMMENTARY By KALPANA RASHIWALA WITHtheaddition-albuyer’sstamp duty expected to cool the private home market, many have predicted that monies will continue to flow to other property segments, most notably
      826 words
    • Article
      Lock icon Main-Line seeks $30m from UOB, FCC
      716 2  -  Patent case moves on to assessment of damages By GRACE LEONG [SINGAPORE] An Irish technology firm that had won a patent infringement case against United Overseas Bank (UOB) and a local company is now fighting another legal battle to assess its damages and lost
      716 words
    • Article, Illustration
      Lock icon Sembcorp, Hyflux vying for plant project in Oman
      503 3  -  Omani news reports say the duo are among 16 firms in contention By RONNIE LIM [SINGAPORE] Two Singapore companies, Sembcorp Utilities and Hyflux, are reportedly among a slew of international groups looking to build Oman’s latest desalination facility, the US$350-400 million Ghubrah
      503 words
    • Article
      Lock icon Japan eases ban on weapons exports, paving way to lucrative sales
      519 3  -  Move enables firms to join development of stealth fighter jet By in ANTHONY ROWLEY in Tokyo THE Japanese government yesterday agreed formally to relax the country’s long standing and self-imposed ban on exports of weapons and related technologies, opening
      519 words
    • Article
      Lock icon R&D spending rises to S$6.5b in 2010: A*Star
      503 3  -  Total number of scientists and engineers here grows 6.4% to 28,296 By VICTORIA HO [SINGAPORE] R&D spending from both the public and private sectors rose last year, data from the Agency for Science, Technology and Research (A*Star) showed. Public spending hit S$2.54
      503 words
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      95 3 1 for some it's another sho vr for you, a sparkling evening at Esplanade y m move up to complimentary champagne. for any Esplanade Presents show, receive automatic preferential treatment for every ticket purchased with a Visa Signature card. visit visasignature-asia.com for details. more people around the world with Visa.
      95 words
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  • COMPANY NEWS
    • Article
      Lock icon Financial discrepancies at FibreChem uncovered
      648 4  -  Missing HK$777m, unauthorised share transfer among nTan’s findings By LYNETTE KHOO THREE years of investigations have uncovered several financial and accounting irregularities at FibreChem Technologies, including an unauthorised share transfer and HK$777 million (about S$130 million) in missing cash. Such were the discrepancies found at
      648 words
    • Article
      Lock icon Hyflux injects 2 China plants into JV for US$41.2m
      259 4  -  By JAMIE LEE HYFLUX Ltd has injected two China water-treatment plants into Galaxy NewSpringworth a 50:50 joint venture with Mitsui Co for a consideration of US$41.2 million. The transaction is part of an as-set-light strategy that Hyflux outlined earlier this year,
      259 words
    • Article
      Lock icon Internal controls failed to catch Asiasons breach
      533 4  -  Firm focusing on measures to ensure no recurrence By KENNETH LIM ASIASONS WFG Financial said that internal controls failed to catch a breach of its stockbroking arm’s operating licence, its non-execu-tive deputy chairman Ng Teck Wah said yesterday. “There were just some lapses
      533 words
    • Article
      Lock icon Report of Changi interest propels India’s GVK
      336 4 Bloomberg [MUMBAI] GVK Power Infrastructure Ltd rose the most in more than 10 months in Mumbai after Economic Times reported that Singapore’s Changi Airports International may buy a 26 per cent stake in its airports business. GVK Power jumped 8.2 per cent, the
      Bloomberg  -  336 words
    • Article
      Lock icon China Minzhong opens bigger facility in Fujian
      305 5  -  Its processing capacity is three times that of the current facility By CARINE LEE CHINA Minzhong Food Corporation Ltd has officially opened its new industrial park processing facility in Putian City in Fujian Province. The opening ceremony last week was held in conjunction
      305 words
    • Article
      Lock icon Kepco picks Germany’s RWE for new trading tie-up
      467 5 JV to be set up in H1 2012, likely in Singapore Reuters [SEOUL] Korea Electric Power Corp has chosen Germany’s RWE AG as the preferred bidder for its first overseas trading joint venture mainly to procure raw materials, sources at Kepco and
      Reuters  -  467 words
    • Article
      Lock icon Midas bags three contracts worth 142m yuan
      303 5  -  By LYNETTE KHOO MIDAS Holdings has secured three new contracts from international and Chinese customers totalling 142.2 million yuan (S$29 million). These contracts were clinched by Jilin Midas Aluminium Industries Co Ltd, its aluminium alloy division. The first contract, worth about 7.2 million
      303 words
    • Article, Illustration
      Lock icon Bank of Ayudhya expected to win in bid for HSBC business
      434 5 Reuters [BANGKOK] Bank of Ayudhya, Thailand’s fifth-larg-est lender, is tipped to win the bidding to buy HSBC’s Thai credit card and retail business, which are worth up to US$1.28 billion, sources close to the deal said yesterday. The bid
      Reuters  -  434 words
    • Article, Illustration
      Lock icon OCBC maintains ‘buy’ call on Valuetronics
      421 7  -  Strong management team and firm’s business model make it OCBC’s pick By VICTORIA HO THE technology sector is treading on choppy waters but OCBC Investment Research has maintained its “buy” call on Valuetronics Holdings, albeit with a lower “fair value”. While giving the sector
      FILE PHOTO  -  421 words
    • COMPANY BRIEFS
      • Article
        Lock icon Hotel Properties unit to buy stake in BLHL
        74 7 HOTEL Properties Limited’s (HPL’s) subsidiary HPL Properties (Indian Ocean) Pte Ltd has inked a deal with ASB Development Limited to acquire a 30 per cent equity interest in Bilila Lodge Holdings Limited (BLHL) for US$16.5 million. BLHL owns Bilila Lodge Investments Limited,
        74 words
      • Article
        Lock icon Ying Li bags land plot in Chongqing
        75 7 YING Li International Real Estate announced it has secured a land plot located along the Chongqing financial street in China for 50.35 million yuan (S$10.3 million), excluding resettlement cost. The site measures 5,452 sq m and is situated beside the group’s existing Wu
        75 words
      • Article
        Lock icon Cosco yard wins conversion contract
        77 7 SINGAPORE-LISTED Chinese shipbuilder Cosco Corp (Singapore) yesterday announced a contract to convert a large crude carrier tanker to a floating production storage and offloading (FPSO) vessel that will be deployed off Brazil. The deal to convert the MT Sunrise Jewel into an FPSO vessel was
        77 words
      • Article
        Lock icon Pteris secures deal from FedEx
        57 7 PTERIS Global said it has been awarded a contract by Federal Express (China) Limited to design and build a new parcel sortation system in Beijing Gateway at Beijing Capital International Airport in China. Valued at 16.6 million yuan (S$3.4 million), this is the third parcel
        57 words
      • Article
        Lock icon DBS Group subscribes for DBS Bank shares
        55 7 DBS Group Holdings has subscribed for 116.18 million shares in the capital of DBS Bank Ltd for $1.35 billion. Funded by internal resources, DBS Group satisfied the purchase wholly in cash. Following the subscription, DBS Group now holds 2.17 billion ordinary shares in
        55 words
      • Article
        Lock icon Eu Yan Sang appoints new CFO
        42 7 EU Yan Sang International yesterday appointed Lam Chee Weng as its chief financial officer. The financial controller for Asia Pacific from Tectura Corporation succeeds Heng Hock Kiong, who has stepped down to pursue other career aspirations.
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      • Article
        Lock icon Arbitration action against Asiatic units
        89 7 ASIATIC Group said the Phnom Penh Special Economic Zone Co Limited (PPSEZ) has recently initiated arbitration proceedings against the group’s subsidiaries, Colben System Pte Ltd and Colben Energy Holdings Limited (CEHZ), in connection with a power plant project in the Phnom Penh Special Economic Zone,
        89 words
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      216 4 ti'ji'J JACKPOT Estimated Draw on Thu, 29 Dec 2011 at 6.30pm at PoNIo For details, visit www.singaporepools.com.sg p L A Y(£) Always play with care. Towards Community [responsibly] Do not bet illegally. Purpose and Benefit RCB Reg No: *****0202G SINGAPORE m Innovative Sand Bag Combat Flood Risks! Reduce property damages
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      2281 5 thebusinesstimeswww.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 weekend www.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 the raffles conversation CAREER DIPLOMAT BARRYDESKER 12-13 cheap funds Local banks to slash savings ratesDBS Bank, OCBC DBS Bank and UOB will offer amere 0.05 per cent mere come October, even asHSBC and
      2,281 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Poor volume as stocks trade lower
      567 6  -  The Straits Times Index hardly budged, ending the day marginally down at 2,673.62 points STOCKS R SIVANITHY Senior Correspondent THE full brunt of the holiday season hit the local stock market yesterday as volume excluding foreign currency issues dried up to 363 million units
      Source: Bloomberg  -  567 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 6 3 0 0 0 5 6 3 Manufacturing 37 33 29 0 4 3 37 37 32 Commerce 12 18 13 2 2 2 14 20 15 Tpt/Stor/Comms 9 15 12
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 6 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 5,339 5,339 18,154 18,154 Manufacturing 63,226 15,125 78,351 43,278 632 43,911 Commerce 41,308 4,334 45,642 41,257 388 41,644 Tpt/Stor/Comms 26,078 20,267 46,345 28,971 2,760 31,731 Finance 3,901 207 4,108 33,789 21 33,810 Construction 11,800 2,832
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 6 Stock name Close Change CapMallsAsia 1.165 -0.005 CapitaLand 2.270 -0.020 CapitaMall 1.710 CityDev 9.030 +0.030 ComfortDelGro 1.395 -0.015 DBS Grp 11.700 +0.060 F&N 6.290 -0.020 GLP 1.750 +0.020 Genting SP 1.525 -0.010 Golden Agri 0.715 -0.005 HK Land 4.700 +0.050 JMH 47.000 +0.040 JSH 27.400 -0.110
      113 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Dec 27 VALUE CLOSE BT OB/OS -201.00 +42.00 BT CADI -*****.00 -1.00 BT 10-day MA -*****.00 -21.00 FTSE ST Mid Cap 587.59 +0.21 FTSE ST Small Cap 397.09 +0.57 FTSE ST All Share 640.30 -0.44 FTSE ST China Top 187.28 +1.12 FTSE ST China 222.33 +1.32 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 6 VOLUME Eucon 37,471,000 GMG Global 33,987,000 IEV 23,912,000 Oceanus 14,649,000 Sky One 13,024,000 ChinaFashion 12,647,000 Noble Grp 11,453,000 ChinaMinzhong 8,835,000 LionGold 8,156,000 Genting SP 7,781,000 VALUE($) Keppel Corp 13,761,400 DBS Grp 13,538,969 Noble Grp 13,378,290 GLD 10US$ 13,253,202 Genting SP 11,880,450 IEV 11,404,980 OCBC Bk 9,465,834 SingTel
      56 words
    • Article
      Lock icon RISES
      116 6 BY CENTS CLOSE UP DBXT AUDCS 5US$ ***** 632.5 2.5 DBXT Nifty 10US$ 9160 206.1 1.8 DBXT SPASX200 10US$ 3151 184.0 4.7 DBXT MSUSA 10US$ 3037 152.9 4.0 DBXT MSEurope 10US$ 4004 59.6 1.2 DBS Bk 4.7% NCPS 100 ***** 49.0 0.5 IS S&P500 ***** 46.7 0.3 Lyxor China
      116 words
    • Article, Illustration
      Lock icon QUICKCHART
      435 6  -  by Kim Enq Research Still languishing The stock is languishing in bearish territory and seems poised for further downside. Prices are well below the key moving averages, constrained by the weak momentum. There may be support around the $0.83 area and a breach below this level would indicate the
      435 words
    • Article, Illustration
      Lock icon Euro struggles, at risk from Italy auction
      537 6 CURRENCIES Reuters [LONDON] The euro hobbled near an 11-month low against the US dollar yesterday and remained at risk of more selling if Italy struggles to sell government debt later in the week, highlighting how the eurozone debt crisis has worsened. The US
      Reuters; AFP  -  537 words
    • Article
      Lock icon FALLS
      117 6 BY CENTS CLOSE DOWN GLD 10US$ *****-189.2 -0.9 DBXT MSKorea 10US$ 5094-164.6 -2.4 Jardine C&C 4822-147.0 -3.0 DBXT FTVietnam 10US$ 1775 -67.4 -2.8 DBXT MSINDO 10us$ 1426 -31.1 -1.7 DBXT MSAsExJp 10US$ 2770 -20.7 -0.6 DBXT MSTaiwan 10US$ 1589 -20.7 -1.0 JSH 2740 -14.3 -0.4 DBXT CSI300 10US$ 787
      117 words
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      899 7 WATS NOTICES (Company Registration No. *****0007K) (Incorporated in Singapore) A < ii ASIA PACIFIC BREWERIES LIMITED NOTICE OF ANNUAL GENERAL MEETING DATE: Thursday 19 January 2012 PLACE: Level 2, Alexandra Point, 438 Alexandra Road, Singapore *****8 NOTICE IS HEREBY GIVEN that the 78th Annual General Meeting of ASIA PACIFIC BREWERIES
      899 words
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      1673 7 CATS Recruit The first step on your ladder to success CLA/AUG06/g CHINA TITANIUM LTD. Co. Reg No. *****3839Z NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the shareholders (“Shareholders”) of CHINA TITANIUM LTD. (the “Company”) will be held at No. 1 Kallang Way
      1,673 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Property auctions market stabilising in Q4, says JLL
      331 8  -  It achieved sales rate of 10% in Q4, with 7 sales out of 71 properties listed By MINDY TAN A HIGHER than expected proportion of properties sold at auctions this quarter reflects a stabilisation in the market, according to a report from
      331 words
    • Article, Illustration
      Lock icon Hino to launch diesel-electric hybrid truck
      394 8  -  By SAMUEL EE SINGAPORE'S first hybrid truck will go on sale in February, aimed at eco-mind-ed multi-national companies. The Hino 300 Series light duty truck (LDT) will have a novel diesel-electric hybrid system. Until now, the hybrid systems available here have all been of
      394 words
    • Article
      Lock icon Parliament panel to sift through 50 NMP proposals
      312 8  -  Highest number received since scheme started By LYNN KAN A PARLIAMENT panel will sift through 50 proposals for the post of Nominated MP (NMP) the most it has received since the scheme started in 1990. The most number of proposals 48 in
      312 words
    • Article
      Lock icon Region’s govt agencies still use cash and cheques heavily
      325 8  -  By SHERMAN TAN The majority of government agencies in the region still rely heavily on manual processes such as cash and cheques when making payments. A recent Visa survey of top finance and procurement officials from Asia Pacific governments showed that
      325 words
    • Article, Illustration
      Lock icon Mizuho mulls bid for bank to boost Asian presence
      681 8 Bloomberg [TOKYO] Mizuho Financial Group Inc, Japan’s second-largest lender by assets, is considering buying an investment bank in Asia to help improve slow growth in winning equity and debt offerings in the region. The lender’s expansion plans may also include allying
      Bloomberg  -  681 words
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      462 8 WATS NOTICES RICHFIELD GLOBAL PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****2047K NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DEEMED TO HAVE BEEN HELD PURSUANT TO SECTION 179(6) OF THE COMPANIES ACT (CAP.50) ON THE 21ST DAY OF DECEMBER
      462 words
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      667 8 WATS NOTICES ft Si ORIENTAL FOOD HOLDINGS LTD. (Company Registration Number: *****1998C) (Incorporated in the Republic of Singapore on 23 February 2004) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bearthesame meaning as used in the circular dated 28 December 2011 issued by Oriental Food
      667 words
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  • ECONOMY WATCH
    • Article
      Lock icon US Treasuries command best showing since 1995
      633 9 US$3.04 obtained for each dollar of US$2.14t in notes, bonds sold in 2011 Bloomberg [NEW YORK] The US government received record demand for its bonds in 2011, pushing longer-maturity Treasuries to their best performance since 1995 in a sign that President Barack Obama
      Bloomberg  -  633 words
    • Article, Illustration
      Lock icon S Korea consumer confidence sinks to 3-month low
      571 9 Fear is that Kim’s death compounds Europe debt crisis Bloomberg [SEOUL] South Korean consumer confidence fell to a three-month low in December, as concern that the political outlook in the North will worsen in the wake of Kim Jong-il’s death compounds the
      Bloomberg; AP  -  571 words
    • Article, Illustration
      Lock icon Bleak outlook seen for Spain’s economy
      438 9 AFP [MADRID] Spain’s economy will shrink in the last quarter and faces a bleak outlook for the coming months, its new economy minister warned on Monday, heightening fears of a fresh recession. Luis de Guindos dampened already gloomy expectations for the economy as the
      AFP; REUTERS  -  438 words
    • Article
      Lock icon Britain in serious danger of return to recession: think tank
      314 9 AFP [LONDON] The ongoing crisis in the eurozone and sapped consumer confidence risk sending Britain into a new recession, a leading centre-left think tank warned yesterday. Britain faces a “bleak” start to 2012 but any potential slowdown could be dampened
      AFP  -  314 words
    • Article, Illustration
      Lock icon EU debt woes hit Japan markets: BOJ members
      508 9 Reuters [TOKYO] Some Bank of Japan board members said Europe’s sovereign debt woes were already affecting Japan’s financial markets and warned their impact could increase, minutes of the bank’s Nov 15-16 meeting showed yesterday. “Some members cited weakness in share prices and
      Reuters; BLOOMBERG  -  508 words
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      22 9 BUSINESS OPPORTUNITY Singapore Licensed Insurance Broking firm for sale or joint venture with ongoing business. Interested, kindly email: mcapital889@gmail.com Mcapital Pte Ltd
      22 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Indonesia’s power woes may hurt firms
      581 10 Growth risks being stymied by lack of energy to satisfy business needs Reuters [SINGAPORE] Indonesia’s inability to meet the rising energy needs of its businesses, from steelmakers to hotel resorts, threatens to put the brakes on growth in Southeast Asia’s largest economy. The recent
      Reuters  -  581 words
    • Article, Illustration
      Lock icon Investors pressure Proton to divest Lotus unit
      587 10 Bloomberg [KUALA LUMPUR] James Bond stopped using Lotus as his vehicle of choice to fight villains 30 years ago. Investors say that Malaysia’s Proton Holdings Bhd should follow suit in abandoning the sports-car maker. Proton, the Malaysian maker of sedans and taxis that
      Bloomberg; BLOOMBERG  -  587 words
    • Article
      Lock icon Boustead still keen on Exxon M’sia assets
      304 10 Bloomberg [KUALA LUMPUR] Boustead Holdings Bhd, the Malaysian plantations, engineering and financial services group, is still interested in buying Exxon Mobil Corp’s oil and gas assets in the South-east Asian nation if San Miguel Corp’s planned acquisition falls through, group managing director Lodin
      Bloomberg  -  304 words
  • Page 10 Advertisements
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      1647 10 PLASTOFORM HOLDINGS LIMITED (Company Registration No.: *****) (Incorporated in Bermuda) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of Plastoform Holdings Limited (“Company”) will be held at Grand Mercure Roxy Hotel, Amber Room, Level 3, 50 East Coast Road, Roxy Square, Singapore *****9 on
      1,647 words
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      337 10 MATS NOTICES IN THE MATTER OF THE COMPANIES ACT CAP. 50 AND IN THE MATTER OF PRICE HOLDINGS PTE LTD Co. Reg. No. *****2587E NOTICE OF SPECIAL RESOLUTION FOR MEMBERS’VOLUNTARY WINDING-UP (Pursuant to Section 290) At an extraordinary general meeting of the members of the above-named Company, duly convened and
      337 words
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      218 10 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF TPT MULTI-FLEX CIRCUITS PTE LTD (IN CREDITORS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****106G Notice is hereby given that at an extraordinary general meeting of the abovenamed company duly convened and held on the 22nd day of
      218 words
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      Lock icon Page 10 Advertisements Column 4
      76 10 HOW TO LEAVI WORI ON Til (and still get 'I everything done!) J Are you and your man FINANCIAL' SOULMATES? Overcome your differences and make your love last THE INSIDER'S GUIDE TO SCORING THE BEST BEAUTY BUYS ONLINE You can be one of them! Turn to p86 but to let
      76 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China needs 15% annual export growth, says govt researcher
      487 11 This is to ensure stable expansion as rate of domestic investment cools Reuters [BEIJING] China needs annual export growth of at least 15 per cent to ensure stable economic expansion as the rate of domestic investment cools, the head of the
      Reuters; REUTERS  -  487 words
    • Article
      Lock icon Indian telecoms panel relaxes merger rules
      434 11 Bloomberg Reuters [MUMBAI] India’s telecommunications commission approved increases in available wireless spectrum, sharing and trading of airwaves and steps to make it easier for mobile phone companies to buy rivals. The National Telecom Policy would increase the maximum market share for a merged phone
      Bloomberg; Reuters  -  434 words
    • Article, Illustration
      Lock icon Noda set to sign trade deals during India visit
      564 11 AFP [TOKYO] Japanese Prime Minister Yoshihiko Noda left for India yesterday, where economic ties will be the order of the day as Tokyo looks to shore up a financial friendship. The day after returning from Beijing where the focus was on
      AFP  -  564 words
    • Article
      Lock icon China confines gold trading to Shanghai exchanges
      335 11 Bloomberg Reuters [BEIJING] China restricted gold spot and futures trading to the Shanghai Gold Exchange and the Shanghai Futures Exchange as part of efforts to crack down on the illegal buying and selling of commodities. Unauthorised exchanges have been ordered to stop gold
      Bloomberg; Reuters  -  335 words
    • Article
      Lock icon China to speed up M&A deal assessment in 2012
      307 11 Reuters [BEIJING] China will speed the vetting of merger and acquisition (M&A) proposals in 2012 to handle a fast growing number of domestic and cross-border deals, a Commerce Ministry official said here yesterday. Shang Ming, who heads the anti-trust division of
      Reuters  -  307 words
    • Article
      Lock icon Profit growth slows at China industrial companies
      552 11 24.4% hike as at Nov down from 25.3% as at Oct Bloomberg [BEIJING] Growth of profits at Chinese industrial companies has cooled, adding to evidence that the government may need to ease policy to protect the nation’s economic expansion. Net income increased 24.4
      Bloomberg  -  552 words
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  • WORLD
    • Article, Illustration
      Lock icon Mega Monday brings plenty of cheer for US retailers
      852 12 They expect holiday season sales to rise 3.8% to record US$469.1b SHOPPING FRENZY Reuters [CHICAGO] Shoppers found a mixed bag of bargains and so-so deals on Monday, as a day off for many Americans lured some out for what was likely
      Reuters; AFP  -  852 words
    • Article
      Lock icon Hackers target Stratfor clients for speaking out
      542 12 AP [NEW YORK] Victims of a data breach at the security analysis firm Stratfor apparently are being targeted a second time after speaking out about the hacking. Stratfor said on its Facebook page that some individuals who offered public support for the company
      AP  -  542 words
    • Article
      Lock icon Berkshire completes deal to buy Omaha World-Herald
      283 12 AP [OMAHA, Nebraska] Berkshire Hathaway Inc has completed the purchase of company chairman Warren Buffett’s hometown newspaper, the Omaha World-Herald. The deal announced on Nov 30, for US$150 million and the assumption of US$50 million in debt, ended one of the newspaper industry’s
      AP  -  283 words
    • Article, Illustration
      Lock icon Italians’ seasonal spending lowest in 10 years
      493 12 SHOPPING BLUES Reuters Bloomberg [ROME] Italians spent on average 48 euros less per person than in previous years during the Christmas period, marking the worst holiday season in 10 years, consumer group Codacons said. The shoe and clothing sector was hit the most,
      Reuters; Bloomberg; AFP  -  493 words
    • Article
      Lock icon Bargain hunters, foreigners fuel UK retail surge
      475 12 AFP Reuters [LONDON] Britons defied transport strikes and a gloomy economic outlook on Monday to register “record-breaking” levels of trade on the first day of post-Christmas sales. Despite a strike by drivers on the London Underground train network, Brent Cross mall in the
      AFP; Reuters  -  475 words
    • Article, Illustration
      Lock icon MF Global fallout fuels calls for reforms
      840 13 Farmers, traders pull out of CME grain futures, turn to deals with end-users Reuters [CHICAGO] Agricultural bankers and other players in the world’s grain markets say fallout from the collapse of giant broker MF Global is changing cash grain trading and fuelling calls
      Reuters; BLOOMBERG FILE PHOTO  -  840 words
    • Article
      Lock icon Oil traders slash bets as prices swing
      588 13 Crude soared above US$100 before tumbling recently Bloomberg [NEW YORK] Large traders pulled out of the oil market, cutting bets to a four-year low as crude climbed above US$100 a barrel on rising tension with Iran, then fell on concern over the European
      Bloomberg  -  588 words
    • Article, Illustration
      Lock icon Tepco seeks 689b yen, faces govt takeover
      476 13 Bloomberg [TOKYO] Tokyo Electric Power Co needs to consider all options for the future of its business, including the government taking temporary control of the utility, Trade and Industry Minister Yukio Edano told the company’s president Toshio Nishizawa in Tokyo yesterday. The company
      Bloomberg; REUTERS  -  476 words
    • Article
      Lock icon No violation found in Olympus handover: E&Y audit panel
      442 13 Reuters [TOKYO] A panel reviewing the auditing of Olympus Corp after its US$1.7 billion accounting scandal says it has so far not found any wrongdoing by the Japanese arm of Ernst Young (E&Y) and questioned the accuracy of a separate investigation
      Reuters  -  442 words
    • Article, Illustration
      Lock icon US equities not as bad as they look
      929 14  -  Shares of companies that paid dividends returned nearly 8% a year, on average, since the start of 2000, reports PAUL J LIM PAUL J LIM The writer is a senior editor at Money magazine NYT [NEW YORK] WITH only a week left
      NYT; REUTERS  -  929 words
    • Article, Illustration
      Lock icon US antitrust regulators get tough as firms test limits
      720 14 Enforcement actions rise, moves to block deals come quicker Reuters [NEW YORK] US antitrust regulators are sending a clear message to companies contemplating gobbling up their rivals don’t push it. Companies have been testing the limits of US antitrust scrutiny under
      Reuters; BLOOMBERG FILE PHOTO  -  720 words
    • Article
      Lock icon US lawmakers get richer even in worst of times
      528 14 NYT [WASHINGTON] Largely insulated from the country’s economic downturn since 2008, members of the US Congress many of them among the “one percenters” decried by Occupy Wall Street protesters have gotten much richer even as most of the country has become
      NYT  -  528 words
    • Article, Illustration
      Lock icon Economists still see the euro’s benefits
      575 15 But a lack of policy coordination has dashed hopes of boosting growth AFP [PARIS] For all its troubles, the introduction of the single euro currency did have its benefits, analysts say. Ten years after it went into circulation, experts judge the euro to have
      AFP; REUTERS  -  575 words
    • Article, Illustration
      Lock icon Sears closes more stores as sales dip
      366 15 Reuters [NEW YORK] Sears Holdings Corp will close up to 120 stores in its Kmart and namesake chains, blaming poor sales of consumer electronics so far this holiday season and saying it would focus its energy on its better performing stores. Sales at
      Reuters; AP  -  366 words
    • Article
      Lock icon Yen set to climb despite BOJ pledge
      456 15 Bloomberg [SINGAPORE] There’s been no better currency in 2011 than the yen and strategists forecast more gains, even as Japan promises to intervene again in foreign-ex-change markets and expands the world’s biggest debt burden. The yen’s advance against every major currency, including a
      Bloomberg  -  456 words
    • Article
      Lock icon Brazil will remain one of the top economies: minister
      371 15 Bloomberg [BRASILIA] Brazil has overtaken the United Kingdom this year to become the world’s sixth-largest economy, and will remain one of the fastest-growing nations in the coming years, the country’s Finance Minister Guido Mantega said. “The countries that will grow the
      Bloomberg  -  371 words
    • Article
      Lock icon EU securities regulator has work cut out
      602 15 Streamlined regulation is long overdue NYT [PARIS] Steven Maijoor, the chairman of Europe’s new securities regulator, has been piling up the frequent flier miles. On a recent three-day trip, Mr Maijoor, a former college professor, met fellow regulators in Frankfurt; spoke to institutional
      NYT  -  602 words
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      24 12 fc-s*®#. Lianhe Zaobao Sales of new private homes this year likely to hit record high Hfl!IT05£&3 To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      93 15 GETYOUR JANUARY ISSUE NOW "I CALLED THE COPS ON MY HUSBAND" YOU'RE IN A PILE-UP -WHO PAYS? WHITE BRA UNDER A SHEER TOP? Fashion mistakes to stop making now "ft DO ITU NOW, OR REGRET r<-» i 'lur No. 1 nightNo Beauty Every Woman® MKMfflEfM 1$ IS... hOii piw Eyiiiii
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      48 15 THE SINGAPORE J Love'Career -Wealth Your 2012Horoscope Guide TRUE-UFECONFESSION "1 craved sex all the time A Sinqapore sex addict shares her darkest secrets and how she broke free MAKE MORE SPACE AT HOME! Fast tips to control clutter F $19.90 t i JANUARY ISSUE OUT NOW! ONLY $4.20
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      222 16 RAFFLES CONVERSATIONS 2 0 11 EDITI O N The diverse experiences of some of the most influential thinkers, corporate chiefs and social activists of the age MARC BENIOFF “We have always believed that everything was going into the cloud, because it was a model that allowed everyone to succeed.” SHIRISH
      222 words
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  • TransportHUB
    • Article
      Lock icon Container vessel scrapping hits two-year high
      288 17 Bloomberg [SINGAPORE] Shipowners scrapped the most container vessels in two years this month as they seek to revive cargo rates amid an oversupply of ships and higher fuel costs. Vessels equivalent to 21,000 20-foot containers were scrapped, the most since November 2009, according to
      Bloomberg  -  288 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 17 SGX '000 Dec 27 S$ +/-Vol CH Offshore 0.34 -0.01 52 Chuan Hup Hldg 0.21 unch 1 Cosco Corp 0.89 unch 755 CWT Ltd unch unch 0 Ezra Hldgs 0.86 -0.01 259 First Ship Lea 0.28 -0.01 612 Freight Links 0.06 unch 112 Grand Banks unch unch 0
      278 words
    • Article, Illustration
      Lock icon Naval presence still critical
      894 17  -  Heavily armed pirates will devise ways of overcoming armed guards onboard STRAIT TALK By DAVID HUGHES ASTRONGnaval presence off Somalia is more necessary than ever. It was with some trepidation that I started writing this last Strait Talk of 2011, on the subject of Somali piracy.
      AFP/MOD/NATO/HO  -  894 words
    • Article
      Lock icon Vale ore carrier for Philippine port
      203 17 Reuters [SINGAPORE] One of Vale’s mega ore carriers, among the world’s biggest, is expected to arrive in the Philippines this week to unload its maiden cargo of Brazilian iron ore as the miner’s fleet remains locked out of its biggest market, China. Vale has
      Reuters  -  203 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Come Jan, US airlines can’t hide taxes in fine print
        892 18 Rule asking carriers to advertise full fare including taxes/fees faces legal challenge NYT [NEW YORK] Advertisements that make airfares seem enticingly low will soon lose that asterisk pointing to a dense paragraph of additional taxes and fees that make a
        NYT; BLOOMBERG  -  892 words
      • Article, Illustration
        Lock icon Strike at French airports ends
        277 18 Bloomberg AFP [FRANCE] An 11-day strike by French airport security personnel is over after employers and four unions signed an agreement on new pay and working conditions, the Transport Ministry said in a statement. “This accord will allow air traffic to resume in the best
        Bloomberg; AFP  -  277 words
      • Article
        Lock icon Internet provider Gogo files for IPO of up to US$100m
        420 18 Reuters [BANGALORE] In-flight Internet connectivity provider Gogo Inc, which serves some of the biggest names in the airlines industry, has filed with US regulators to raise up to US$100 million in an initial public offering of its common stock. Gogo,
        Reuters  -  420 words
      • Article
        Lock icon Man who foiled ‘underwear bomber’ sues airlines
        309 18 Reuters [NEW YORK] A New York man sued Delta Air Lines and Air France-KLM for US$10 million for injuries he says he sustained while helping to stop the so-called “underwear bomber” from blowing up a plane on Christmas Day 2009. In a lawsuit
        Reuters  -  309 words
    • TRANSPORT HUB: LAND
      • Article
        Lock icon Audi chief says industry faces tougher 2012
        497 19 He has set a goal of making Audi the world’s top premium carmaker by 2015 Reuters [Ingolstadt, GERMANY] The automotive industry faces a tougher year in 2012 than it has done this year, Audi chief executive Rupert Stadler told Reuters in an interview.
        Reuters  -  497 words
      • Article, Illustration
        Lock icon Toyota unveils most fuel-efficient hybrid
        387 19 website. berg [TOKYO] Toyota Motor Corp has launched the world’s most fuel-efficient hybrid car, as the company looks to fight off competition from pure electric vehicles. The compact car, dubbed “Aqua” in Japan and the “Prius C” overseas, launched on Monday has a listed fuel
        website. – berg; AFP  -  387 words
      • Article, Illustration
        Lock icon French motor industry in for bumpy ride
        519 19 Europe’s slowdown, Asian rivals cited by industry players AFP [PARIS] It is one of the key engines of the French economy and a historically vital industry, but France’s auto sector is heading into 2012 amid dire forecasts for its future and warnings of
        AFP  -  519 words
      • Article, Illustration
        Lock icon Successful GM rescue may backfire on Obama
        673 19 Bloomberg [SOUTHFIELD, Michigan] General Motors Co, saved by the Obama administration with a US$50 billion bailout, is making more money than it has in its history, adding jobs and gaining market share. It’s still a headache for Barack Obama. GM ended last week
        Bloomberg; AFP  -  673 words
      • Article
        Lock icon China unveils new high-speed train
        318 19 AFP [SHANGHAI] China has unveiled a prototype train capable of reaching speeds up to 500 kilometres an hour, state media said yesterday, as the nation pushes ahead with high-speed rail despite a fatal crash. The new experimental train was unveiled in the eastern province of
        AFP  -  318 words
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      425 17 INTRA-ASIA DISCUSSION AGREEMENT (I AD A) RECOMMENDED BUSINESS PLAN FOR 2012 Following a series of meetings at senior level among IADA member lines, the IADA Principals’ Committee, with the support of the IADA CEO Committee, have agreed on a business plan for IADA members’ consideration. This business plan represents a
      425 words
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      84 17 All ways with you, All around the world. /r ir •A J 3^ Our goal: More Than Shipping. The world, our stage. At NYK, we do more than 'ship' goods all over the world. Our monohakobi (transport) comes in various forms: by sea, air, and land via rail and road.
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  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      322 18 CRYPTIC CROSSWORD Across 7 Rules broadcast by football official for songs (8) 9 Fruit variety after the beginning of October (6) 10 Top member of coven showing desire (4) 11 Imparts information to single then goes off (10) 12 Fruits escape destruction in empty oasts (6) 14 Commercial break making
      322 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Caution, not optimism, is the watchword
      542 20 EDITORIAL AS 2011 draws to a close, perhaps one consolation for economists inclined to revisit their forecasts for the year is that just about everyone was too optimistic about how the major economies would fare, even if the growth predictions were in the 3-4
      542 words
    • Article, Illustration
      Lock icon N Korea may be moving towards less military rule
      758 20  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 NORTH Korean leader Kim Jong-il had a chequered relationship with Beijing but one that was solidified in the last year and a
      758 words
    • Article, Illustration
      Lock icon Wanted: managers who care about businesses
      1045 20  -  The problem with the US economy is that it now favours the exploiters, not the explorers By HENRY MINTZBERG The writer is Cleghorn professor of management studies at McGill University (www. mintzberg. org) Project Syndicate MUCH commentary about the American economy nowadays leaves the
      Project Syndicate; REUTERS  -  1,045 words
    • Article, Illustration
      Lock icon When consumers form a collective
      1156 21  -  The free-flow exchange of information and the inter-connectedness of consumers today have changed the marketplace By JOHN WALSH The writer is professor of marketing at IMD. This article is based on a presentation that he gave during the Orchestrating Winning Performance programme, which he teaches
      BLOOMBERG  -  1,156 words
    • Article, Illustration
      Lock icon Iran’s nuclear programme is a radiological Pandora’s box
      869 21  -  By BENNETT RAMBERG The writer was a policy analyst in the State Department’s Bureau of Politico-Military Affairs under president George HW Bush IHT ‘ANYONE who is thinking of attacking Iran should be prepared for powerful blows and iron fists.’ So declared Iran’s
      IHT; AFP  -  869 words
    • Article, Illustration
      Lock icon Bond market will move to centrestage soon
      723 21  -  By PETER THAL LARSEN REUTERS BREAKINGVIEWS CAN the bond market take the place of banks? That question will be partially answered in 2012, as borrowers seek to bypass strained lenders in search of cheaper sources of credit. For big companies, tougher regulation of
      REUTERS  -  723 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      7658 22 Transaction date: Dec 27 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 5 15 7.8 3.9 3.2 74.2 9.5 4 A-Sonic 4.4 +0.1 21 4.4 4.4 4.6 5
      7,658 words
    • Article
      Lock icon SGX CATALIST
      1498 23 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 14.9 +2 11 14.9 13.5 12.8 14.9 4.7 3.7 5.8 26.6 5.5 2.5 t AA Grp 3.3 2.6 3.1
      1,498 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9954 23 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.12/ APS Alpha Fund (USD)!** 0.87/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.57/ Aberdeen Asset Mgt Asia Limited American Opp 0.6237/ Asian Local Ccy
      9,954 words
    • Article
      Lock icon GLOBALQUOTE
      246 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 55.5 34 AVJennings A35 34 40 3.6 10 2.8 91.1 49 25.5 Genting HK US$ US27 +0.5 3501 27 26.5 26.5 27 1777.8 15 10 OGL Resources
      246 words
    • Article
      Lock icon SGX ETF
      911 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 109.5 ABF SG Bond ETF 114.4 -2.4 5 114.4 114.4 114.5 117 522.2 1261 856 CIMBAsean40 100US$ US956 -8 21 959 954 952 956 38.2
      911 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 24 In local curr In S$ In US$ dy yr dy yr dy yr Dec 26 Index Change Change Change Change Change Change World Preliminary 830.6 0.1 -7.5 0.1 -6.7 0.1 -7.6 EAFE Preliminary 678.8 0.1 -15.2 0.1 -14.5 0.1 -15.4 Europe Preliminary 1016.0 0.0 -13.1
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      114 24 As on 23 December 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT FEB2012 1615.40 1604.40 1605.90 117 CURRENCY AUD-USD FUT MAR2012 1.0089 1.0040 1.0070 5028 EUR-USD FUT MAR2012 1.3108 1.3041 1.3068 7049 USD-JPY FUT MAR2012 78.02 77.89 77.90 4036 BASE METAL
      114 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 24 CRUDE OIL PRODUCTS Dec 23 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.57 -0.44 WTI (Near Mth) 99.78 0.41 Dubai (1-Mth F) 104.56 0.20 Tapis blend 116.52 0.51 Minas 114.02 0.51 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.75 0.47 Jet Kerosene 122.30 0.20 US$/barrel Opec Oil
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    • Article
      Lock icon SGX FUTURES
      151 24 Dec 27 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jan 12 336.0 316 Feb 12 338.0 227 Mar 12 343.0 324 Apr 12 349.0 182 May 12 349.0 250 Jun 12 351.0 175 Jul 12 351.0 128
      151 words
    • Article
      Lock icon LONDON METALS
      69 24 Dec 23 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2001.00 2005.00 3 months 2016.00 2019.00 Copper, Grade A (US$/tonne) Cash 7631.50 7531.50 3 months 7641.00 7540.00 Lead (US$/tonne) Cash 2000.25 1979.50 3 months 2020.00 2000.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • Article
      Lock icon LIFFE
      82 24 Dec 23 COCOA (£/tonne) Close Prev High/Low Mar 12 1407 1414 1418/1399 May 12 1425 1432 1434/1416 Jul 12 1441 1450 1452/1434 Sep 12 1454 1462 1466/1448 COFFEE (US$/tonne) Close Prev High/Low Jan 12 1783 1807 1804/1782 Mar 12 1831 1858 1858/1830 May 12 1868 1895 1894/1868 Jul 12
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    • Article
      Lock icon CHICAGO BOT
      107 24 Dec 23 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 12 1163.00 1162.25 1167.25 115.50 Mar 12 1172.50 1171.75 1176.25 1165.75 May 12 1182.25 1182.00 1186.00 1176.00 Jul 12 1192.00 1191.50 1195.50 1185.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 12 50.96
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    • Article
      Lock icon GOVERNMENT SECURITIES
      77 24 Dec 27 Dec 27 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 29.03.2012 0.35 1-Year BY*****W 01.11.2012 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 102.88 102.91 102.89 5-Year N*****0W 1.125 01.04.2016 102.13
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      433 24 Dec 27 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.3000 0 2990 Jun12 99.2250 0 854 Sep12 99.1900 0 441 Dec12 99.1650 0 556 EUROYEN TIBOR FUTURES Mar12 99.6625 0 2349 Jun12 99.6650 0 1440 Sep12 99.6600 0 711 Dec12 99.6650 0 115 Mar13 99.6550
      433 words
    • Article
      Lock icon STOCK INDEX FUTURES
      24 24 Dec 27 Open High Sett STI Dec 2674 SIMSCI Dec 305.0 306.4 305.2 Taiwan Dec 255.2 259.3 253.9 Source: SGX Derivatives
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2127 24 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 Ascendas Reit.ES.1112 186 Aztech Grp W*****3 0.2
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 24 Dec 27 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 6.418 0.777 7.898 53.750 93.043 0.791 11.761 3.212 1.312 91.069 44.522 1.316 8.267 0.949 30.767 31.928 0.648 1.015 Canada 0.965 6.192
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    • Article
      Lock icon SIBOR
      82 24 Dec 27 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon PRECIOUS METALS
      139 24 Dec 27 GOLD (US$/oz) Dec 23 Dec 23 Hong Kong 1621.00 1621.00 Dec 23 Dec 23 London 1606.40 1606.40 1607.15 1607.15 Source: Thomson Reuters Source: Reuters CAST BAR Dec 27 (S$) Selling Buying Kilobar 71,434.27 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 160 67 5gm 454 333
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    • Article
      Lock icon PALM OIL
      57 24 Dec 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 12 3159.0 3170.0 3168.0 3142.0 166 1626 Feb 12 3159.0 3175.0 3179.0 3144.0 1127 ***** Mar 12 3161.0 3170.0 3176.0 3139.0 6276 ***** Apr 12 3150.0 3172.0
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 24 Dec 27 S$ Bid Offer 1-month 1.2961 1.2966 2-months 1.2861 1.2966 3-months 1.2958 1.2964 6-months 1.2942 1.2950 Source: OCBC
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 24 Dec 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3154 1.3165 1.0150 1.0154 Canadian dollar 1.2691 1.2700 0.9792 0.9795 Euro 1.6939 1.6950 1.3070 1.3074 NZ dollar 1.0023 1.0031 0.7734 0.7737 Sterling pound 2.0307 2.0320 1.5669 1.5673
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 24 As at 9am Dec 27 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.342 1.279 Can dollar 1.291 1.242 Euro 1.719 1.653 Sterling pound 2.057 1.978 NZ dollar 1.029 0.98 US dollar 1.312 1.262 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 24 Dec 27 $S Offer Bid 0vernight 0.02 0.01 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ Offer Bid 7 days 0.45 0.25 1 month 0.45 0.25 2 months 0.55 0.35 3 months 0.70 0.50 6 months 0.95 0.75 9 months 1.15 0.95 12
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    4592 25 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
    4,592 words
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  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      111 26 Shipping lines seeking reliable logistics partners Can -they find your services here in -the Shipping Times? R rgently n d el by shippers n -they find your services re in -the Shipping Times? THE BUSINESS TIIVIES SHIPPING TIMES Announce Your Corporate Development Come publicise your Project Completion, Ship Christenings Delivery
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      145 27 FUNDAMENTAL Fundamental information to give you the edge STANDARD Necessary tools for the serious investor EXTRA Extra information for that extra insight STATION Premium real-time market quotes, news charting application Real -time Dynamic TA Charts TA Market Scanner Use our comprehensive set of market data tools to make informed investing
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  • executive Money
    • Article, Illustration
      Lock icon Sukuk sales surge amid EU woes
      827 27 Sales in the Persian Gulf hit four-year high as offerings of sukuk rise 62% to US$7.3b this year Bloomberg [DUBAI] IsbcwsSLAMIC bond sales in the Persian Gulf surged to a four-year high in 2011 as borrowers, discouraged by Europe’s escalating debt crisis, chose to
      Bloomberg; BLOOMBERG  -  827 words
    • Article, Illustration
      Lock icon Indian tycoon’s dilemma: Plenty of money, nowhere to invest
      1274 27 AP [MUMBAI] Ajay Piramal is sitting on a mountain of cash. Yet the billionaire Indian tycoon, working in one of the world’s fastest-growing economies, is struggling to figure out what to do with the money. The problem isn’t opportunity, he said.
      AP  -  1,274 words
    • Article, Illustration
      Lock icon A year for dividend investing in Asia
      1150 28  -  A convergence of global and domestic influences means 2012 will be an opportune time to invest for dividends in the region, says LEE KING FUEI LEE KING FUEI The writer is fund manager for Asian equities at Schroders AMID the upheaval in global
      Source: UBS As of Nov 30, 2011; Source: Factset, MSCI, Schroders, International Monetary Fund, 2008. De Facto Classification of Exchange Rate Regimes and Monetary Policy Framework. *As of Sep 30, 2011; Source: Factset, MSCI, IMF, Schroders * As of Nov 30, 2011; Source: Factset, MSCI, IMF, Schroders; Source: Lee, King Fuei. 2010. An Empirical Study of Dividend Payout and Future Earnings in Singapore Review of Pacific Basin Financial Markets and Policies 13, Issue 2: 267-286; Source: Bloomberg, Factset, MSCI, Schroders As of Nov 30, 2011  -  1,150 words
    • Article
      Lock icon Investment funds struggle to fill bank lending shoes
      642 28 Reuters [LONDON] Hopes that investment funds will increase direct lending to companies in 2012 and help fill the gap left by retreating European banks are being dashed as the low returns on offer keep new investors away. Governments and regulators are keen
      Reuters  -  642 words
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