The Business Times, 8 January 2010

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Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Friday, January 8,2010
    23 words
  • 862 1  -  New venues pique interest and could snatch meetings, conventions and exhibitions from incumbents By NISHA RAMCHANDANI [SINGAPORE] They just emerged from a challenging year, but meetings and exhibitions executives now have to prepare themselves for a tougher campaign ahead. Once the
    Compiled by BT  -  862 words
  • 141 1 ST INDEX 2,913.25 (-17.24) ST INDEX FUTURES 2,909.0 (-21.00) SIMSCI 349.98 (-2.42) SIMSCI FUTURES 349.90 (-2.60) FOREX US$ S$ US$ (S$ per US$) 1.396 (US$/S$ per 1.594 2.225 EURO (US$/S$/E) 1.439 2.008 Foreign currency per US$ S$ YEN 92.70 66.40 RM 3.371 2.415 HK$ 7.756 5.557 BAHT 33.13
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  • 605 1  -  Naoto Kan wants weaker yen; fiscal policy set to change By ANTHONY ROWLEY WITHIN hours of being appointed Japan’s Finance Minister, Naoto Kan has sent his country’s currency sliding. Mr Kan, who serves concurrently as Deputy Prime Minister and Economics Minister, called for
    605 words
  • Page 1 Advertisements
    • 52 1 STRUCTURED WARRANTS Turnover hits 4-year low PAGE 4 POETRY For better and for verse HAUTE CUISINE Joel Robuchon to star at Resorts World IR MUSIC Pure talent indeed PAGE 31 PAGE 27 PAGE 29 8 "*****1 *****4 L ■'x I L I -v—rtok wSP E V |al: (45) £>505> 7>
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    • 29 1 EXECUTIVE LIFESTYLE Are we design literate? PAGE 30 COMPANIES Chng Hee Kok is HG Metal’s new CEO PAGE 7 US EQUITIES Squabbling within Fed spooks Wall Street PAGE 2
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  • TOP STORIES
    • 734 2  - Spacs just a big bet on a management name? Observers point to challenging issues over governance, alignment of interests NEWS ANALYSIS By CHEW XIANG [SINGAPORE] The Singapore Exchange’s latest proposals to let special purpose acquisition companies (Spacs) list here is its second attempt to allow punters to bet on investments
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    • 697 2  -  By ANDREW MARKS DESPITE rising hopes that the December payrolls report today will show the first increase in job growth in two years, US equities stalled out on Wednesday and looked to be set up for a dive yesterday, following the release of minutes
      697 words
    • 521 2 Novelty-loaded IRs set to put the cat amid MICE THEY just emerged from a challenging year, but meetings and exhibition executives now have to prepare themselves for a tougher campaign ahead. Once the Integrated Resorts are launched, the amount of exhibition space in Singapore is going to jump
      521 words
    • 579 2 Early data points to strong consumer spending Reuters [NEW YORK] US retailers including Sears Holdings Corp and Costco Wholesale Corp posted higher sales for December as cautious consumers did their holiday shopping with an eye for bargains. Investors were eagerly awaiting the latest data, which
      Reuters; AFP  -  579 words
    • 413 4 Shipments fall 20% in first 10 months, vs Germany’s 27% Bloomberg [FRANKFURT] China overtook Germany as the world’s top exporter last year, data compiled by Global Trade Information Services Inc show. China shipped products worth US$957.7 billion in the first 10 months of 2009,
      Bloomberg; REUTERS  -  413 words
    • 379 4  -  Average daily volume last year plunged to $43m from $84m in 2008 By R SIVANITHY [SINGAPORE] The stock market in 2009 may have regained much of the ground lost during the US sub-prime bear market of 2008, but the same cannot be said
      379 words
    • 566 4  -  There, 8-12 VLCCs double as floating storage, with plans for a 2nd terminal NEWS ANALYSIS By RONNIE LIM [SINGAPORE] The oil storage business here faces tougher competition from neighbouring Johor, where 8-12 very large crude carriers (VLCCs) are being used as floating storage,
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  • Page 2 Advertisements
    • 194 2 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF EPECOM TECHNOLOGY DISTRIBUTION PTE LTD (Company No: *****3401Z) (In Members' Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act, Cap. 50 the Final Meeting
      194 words
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  • Page 3 Advertisements
    • 191 3 environmental CO. 1 Congratulations to The Think Environmental Co Ltd. For what you have begun today, generations to come will thank you The Think Environmental Co Ltd (formerly Asia Tiger Group Limited) is leading the way in renewable energy solutions. Your investment in, and management of these businesses are already
      191 words

  • Page 4 Advertisements
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  • COMPANY NEWS
    • 1000 5  -  HOCK LOCK SIEW By MICHELLE QUAH THESingaporeEx-change (SGX) is obviously anxious to attract more and larger listings, yet fails to go far enough to help it regain the standing that it has lost in recent years. What the SGX sorely needs to address
      1,000 words
    • 460 6  -  The two S-chips see the move as important for their long-term growth By TEH SHI NING TWO more Singapore-list-ed China-based companies Epure International and Novo Group have announced plans to seek dual primary listings in Hong Kong. Their announcements yesterday follow a string
      460 words
    • 497 6  -  By CONRAD TAN ASIAN equities and other risky assets should continue to perform well in the first half of this year, buoyed by the recovery in the global economy and corporate earnings, Credit Suisse strategists said yesterday. “We see low risk of
      497 words
    • 596 6  -  By VEN SREENIVASAN US-BASED investment firm Indigo Partners will pare its 24 per cent stake in Tiger Airways via the budget carrier’s initial public offer (IPO). And Ryanair has an option to place out some of its 16 per cent stake as
      596 words
    • 323 6  -  By UMA SHANKARI FRASERS Centrepoint Trust (FCT) said yesterday that it will buy two suburban malls for $290.2 million. The retail real estate in- vestment trust (Reit) also said it plans to issue up to 152 million rights units to help finance the
      323 words
    • 404 6  -  Funds will be used for growing marine, offshore businesses CORPORATE BONDS By VINCENT WEE SEMBCORP Marine is first off the mark in what may prove to be a year of consolidation and expansion in the offshore and marine sector, as it beefed up
      404 words
    • 255 6  -  By VEN SREENIVASAN ASIA Pacific Breweries (APB) said yesterday it will raise $40 million by issuing medium-term notes (MTNs) paying fixed annual interest of 4 per cent. This is the second tranche of a $1 billion multi-curren-cy MTN programme APB set up in
      255 words
    • 452 7  -  Tan Chan Too quits as exec chairman, will stay as an exec director By JAMIE LEE FRESH from an upheaval of its board, HG Metal Manufacturing has found its chief executive in the form of Hartawan Holdings’ CEO Chng Hee Kok. In
      452 words
    • 555 7  -  By KALPANA RASHIWALA KEPPEL Land is taking a 42 per cent stake in a waterfront township project in Ho Chi Minh City that will include about 4,700 homes with a potential gross floor area of about 10.76 million square feet and which will take about
      555 words
    • 290 7  -  By FELDA CHAY SINO Construction said yesterday it has won a 110 million yuan (S$22.5 million) contract to build a residential project in Daqing, a city in China’s Heilongjiang province. Work under the contract awarded by Daqing Municipal Government Housing Provident Fund is expected
      290 words
    • COMPANY BRIEFS
      • 78 7 UNITED Fiber System said Poh Lian Construction Pte Ltd, a wholly owned subsidiary, has been awarded a building contract from the GuocoLand for a 12-storey condominium development at Bukit Timah Road. The contract sum is $191 million and construction will take 30 months
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      • 70 7 TRANSCU Group said its chief executive’s application to stay the seizure of his shares has been adjourned by the courts here for further evidence to be filed. The next hearing is scheduled for Feb 4. The case first arose when CEO Akihiko Matsumura had his
        70 words
    • 193 7  -  By WONG SU-JIN TEE International has chalked up a more than doubling of its net profit from $2.1 million to $4.5 million for the half year ended Nov 30, 2009. Revenue, however, fell 22.4 per cent to $35.4 million from $45.6 million due
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  • Page 5 Advertisements
    • 261 5 o HOUSING DEVELOPMENT BOARD HDB SALE OF SITE LAND PARCEL SENGKANG $7 AT SENGKANG WEST AVENUE/FERNVALE LINK Located along the scenic riverfronts of Sungei Punggol. Next to Layar LRT Station and easily accessible via major arterial roads like TPE, CTE, Yio Chu Kang Road and Punggol Road. Near to shopping
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  • Page 6 Advertisements
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    • 112 6 a II w I Get your copy from any Spinelli outlet at $5.50 and get a complimentary Spin or Latte! Janurary Issue out now! DOWN BUT NOT OUT! Where to put your money in the new year. Rebuilding retirement funds in the wake of the financial storm. Find out why
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  • SINGAPORE MARKETS
    • 606 8  -  Weighed down by weakness in Hong Kong and expectations of a soft Thursday for Wall Street, STI drops 17 points STOCKS R SIVANITHY Senior Correspondent THE tiredness exhibited by the local market on Wednesday proved to be a precursor of things to come as prices fell yesterday
      Source: Bloomberg  -  606 words
    • 4 8 DAILY
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    • 66 8 Jan 7 VALUE CLOSE BT OB/OS 1086.00 -138.0 BT CADI -*****.00 -65.0 BT 10-day MA -*****.00 +109.0 FTSE ST Mid Cap 716.88 +0.58 FTSE ST Small Cap 569.50 -2.25 FTSE ST All Share 722.23 -3.43 FTSE ST China Top 294.96 +1.98 FTSE ST China 305.25 -1.54 FTSE
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    • 186 8 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 10 3 0 0 0 4 10 3 Manufacturing 49 64 86 6 8 12 55 72 98 Commerce 25 27 19 3 5 7 28 32 26 Tpt/Stor/Comms 9 24 10
      186 words
    • BROKERS’ TAKE
      • 386 8 Jan 7 close: $1.00 OCBC INVESTMENT RESEARCH, Jan 7 ASL Marine (ASLM) saw an increase in the number of ship conversion jobs in Q1 FY2010 and we think it is likely that such jobs will hold up given the sustained interest in offshore units on stable
        Source: Bloomberg  -  386 words
      • 559 8  -  Jan 7 close: $19.90 AMFRASER SINGAPORE, Jan 7 Compiled by JOYCE HOOI WE are retaining our “buy” call for United Overseas Bank (UOB). Our Gordon Growth-derived fair value of $23.77 per share assumes a sustainable ROE of 15 per cent and terminal growth rate of 3 per
        559 words
    • 121 8 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 116,732 116,732 209,879 209,879 Manufacturing 534,928 17,587 552,515 345,480 1,304 346,784 Commerce 172,756 19,141 191,897 131,907 2,890 134,797 Tpt/Stor/Comms 220,600 6,342 226,942 363,708 1,229 364,936 Finance 42,064 42,064 324,317 324,317 Construction 110,460 7,449 117,909 24,895
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    • 113 8 Stock name Close Change Stock name Close Change CapitaLand 4.230 -0.030 CapitaMall 1.840 -0.010 CityDev 11.560 -0.140 ComfortDelGro 1.620 -0.020 Cosco Corp 1.290 +0.030 DBS Grp 15.320 -0.180 F&N 4.370 -0.010 Genting SP 1.240 -0.030 Golden Agri 0.585 +0.010 HK Land 4.780 -0.090 JMH 30.460 +0.460
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    • 534 8 CURRENCIES Reuters [LONDON] The yen fell against the US dollar and other currencies yesterday after Japan’s new finance minister said that he wanted it to weaken more, stirring talk that the government may be more inclined to stem any sharp yen rise.
      Reuters; BLOOMBERG  -  534 words
    • 57 8 VOLUME Golden Agri 178,287,000 Genting SP 174,111,000 Healthway 141,288,000 Ying Li 131,921,000 GMG Global 101,861,000 Gallant 79,961,000 NOL 72,074,000 RafflesEdu 50,745,000 Cosco Corp 49,224,000 UniFiber 46,966,000 VALUE($) Genting SP 216,414,240 Keppel Corp 143,523,226 NOL 130,066,150 Golden Agri 104,279,720 DBS Grp 100,060,100 UOB 86,581,740 Ying Li 85,210,680 SingTel
      57 words
    • 113 8 BY CENTS CLOSE UP GLD 10US$ ***** 154.9 1.0 STXPO 100 1520 86.0 6.0 DBXT Nifty 10US$ ***** 68.4 0.4 JMH 3046 64.2 1.5 Keppel Corp 869 27.0 3.2 Kep Corp.ES.1001 865 24.0 2.9 Lyxor MS India 10US$ 1572 20.9 1.0 DBS Bk 6% NCPS 10 ***** 20.0 0.2
      113 words
    • 121 8 BY CENTS CLOSE DOWN DBXT FTVietnam 10US$ 4767 -73.9 -1.1 DBXT MSKorea 10US$ 4803 -64.2 -0.9 DBXT FTChina25 10US$ 3150 -61.4 -1.4 SIA.ES.1001 1450 -46.0 -3.1 CityDev.ES.1001 1160 -44.0 -3.7 SIA 1444 -32.0 -2.2 Jardine C&C 2694 -26.0 -1.0 DBS.ES.1001 1532 -24.0 -1.5 Straits Trdg 404 -22.0 -5.2 OCBC
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    • 87 8 Where S$ stands Jan 7 CHNG YR 2010 CLOSE FR Jan 6 S$ LOW S$ HIGH US$ 1.3963 -0.06 1.4044 1.3955 Euro 2.0058 -0.13 2.0133 2.0031 Pounds 2.2242 0.56 2.2687 2.2242 A$ 1.2843 -0.70 1.2768 1.2617 Yen* 1.5061 0.41 1.5188 1.5047 Rupiah* 0.***** -0.38 0.***** 0.***** Baht* 4.2127 -0.10
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  • SINGAPORE NEWS
    • 480 9  -  LTA, Sentosa roll out measures to raise accessibility as they prepare for IR opening By UMA SHANKARI SENTOSA and the Land Transport Authority (LTA) are spending $300 million to bolster infrastructure, widen roads and put new trains on the island’s monorail tracks as
      AP  -  480 words
    • 249 9  -  By TEH SHI NING SINGAPORE consumers are now far more bullish on market and economic prospects than they were in mid-2009, but spending is likely to remain prudent, going by recent market surveys. The latest consumer confidence index compiled by MasterCard jumped to 79.4 for
      249 words
    • 505 10  -  Vital to safeguard biodiversity and to develop sustainably as population grows By FELDA CHAY CITIES worldwide should come together to collaborate and share solutions on developing sustainably and safeguarding biodiversity as the world population increases rapidly, said National Development Minister Mah Bow Tan on
      505 words
    • 483 10  -  By JOYCE HOOI SINGAPORE needs to set about converting its vehicle population to use natural gas if it wants to speed up what Robert A Hefner III calls the “Grand Energy Transition”, Mr Hefner said yesterday. The founder and owner of natural gas firm
      FILE PHOTO  -  483 words
    • 343 10  -  Figure makes up 80% of grants given to MFIs by the Ministry of Health By NISHA RAMCHANDANI MEDIFUND disbursed $59 million to needy patients in 2008, $9.5 million more than the year before, according to the Medifund Assistance annual report for FY2008 ended March
      343 words
  • Page 9 Advertisements
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  • Page 10 Advertisements
    • 2660 10 WATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg COGmOGIGGl COSMOSTEEL HOLDINGS LIMITED NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fourth Annual General Meeting of CosmoSteel Holdings Limited (the "Company") will be held at Shan Shui Palace, 450 Jalan Ahmad Ibrahim, Raffles Country Club, Singapore *****2 on Monday,
      2,660 words

  • ECONOMY WATCH
    • 696 11 They set the capital standards, judge loan values, and tell firms to avoid risks FINANCIAL REFORM Reuters [WASHINGTON] As US Senator Christopher Dodd attempts to seal his legacy by pushing through sweeping financial reform legislation this year, the real changes that
      Reuters  -  696 words
    • 331 11 Reuters [BERLIN] German retail sales fell unexpectedly in November, data showed yesterday, anchoring expectations for an annual decline in the sector for 2009 and underlining a dim outlook for the months ahead. Preliminary figures from the Federal Statistics Office showed that
      Reuters  -  331 words
    • 576 11 Dodd’s impending retirement reduces reformer’s clout Reuters [WASHINGTON] Senator Christopher Dodd made himself a lame duck on Wednesday, reducing his clout in the US Senate as an advocate for tighter financial regulation but also liberating himself from political pressures with consequences that are difficult
      Reuters; AP  -  576 words
    • 512 11 A$ rises across the board; trade deficit narrows, imports fall Reuters [SYDNEY] Australian retail sales surged past all expectations in November to record the biggest increase in eight months, adding to the chance of a fourth straight rise in interest rates next month. The
      Reuters; REUTERS  -  512 words
    • 315 11 Reuters [SHANGHAI] The labour market in the United States is improving and the economy is close to the point when the unemployment rate will start to fall, a top US Federal Reserve official said yesterday. James Bullard, president of the St
      Reuters  -  315 words
    • 481 11 Bloomberg [SYDNEY] Central bankers plan to hold a session with representatives of financial firms to discuss regulation at a Bank for International Settlements (BIS) meeting this weekend, according to two Group of Seven central bank officials. The BIS meetings, held in Basel,
      Bloomberg  -  481 words

  • MALAYSIA/INDONESIA
    • 521 12  -  Successful merger will create RM110b bank, Malaysia’s fourth largest By S JAYASANKARAN HONG Leong Bank (HLB) may be poised to make a voluntary general offer for the assets and liabilities of EON Capital which include EON Bank, Malaysia’s seventh smallest bank.
      521 words
    • 408 12  -  By PAULINE NG BANKING on the growing demand for healthier beverages, two Malaysian brands, Drinho and Ho Yan Hor, are collaborating to create a new segment in the premium “ready-to-drink” herbal tea market. Drinho and Ho Yan Hor have formed an alliance to
      FILE PHOTO  -  408 words
    • 326 12 Bloomberg [KUALA LUMPUR] Malaysia’s exports unexpectedly dropped last November as sales of crude oil and natural gas fell while electronics shipments grew at a slower pace. Overseas shipments fell 3.3 per cent from a year earlier to RM50.1 billion (S$20.6 billion) after gaining a
      Bloomberg  -  326 words
    • 201 12 Reuters [JAKARTA] Indonesia will replace some of the board of directors at state oil and gas firm Pertamina but president director Karen Agustiawan will remain in the top job, the state enterprises minister said. “We want to accelerate the growth of the oil and gas
      Reuters  -  201 words
  • Page 12 Advertisements
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      74 words

  • INDIA
    • 634 13 Global automakers plan to use more local parts and make India an export base Reuters [NEW DELHI] As global automakers boost their presence in the thriving Indian market, they will turn the country into a stage for novel experiments in lowering production
      Reuters  -  634 words
    • 523 13 Reuters [NEW DELHI] India’s food price inflation eased slightly in late December, but analysts said a rise in fuel prices may elevate headline inflation, maintaining pressure on the central bank to tighten monetary policy. The food price index rose 18.22 per cent
      Reuters  -  523 words
    • 248 13 Reuters [NEW YORK] Pfizer Inc has struck a collaboration deal with India’s Strides Arcolab Ltd that will significantly expand the generics business of the world’s largest drugmaker. The deal, in which the terms were not disclosed, is expected to deliver
      Reuters  -  248 words
  • Page 13 Advertisements
    • 742 13 TMFiiil l I ta»-i I 1 «rrr MHH 1 II w w WW 4 Z I OOCL «-<■ J-flj OOCL .31; 1 1 11 OOCL WWw w w w I j I 8 f I 2 G 1 09aBoosting Singapore's trade hub status CrimsonLogic and NCS work in close partnership
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  • GREATER CHINA
    • 714 14 Move to tighten liquidity said to be aimed at curbing excessive bank loans Reuters Bloomberg [SHANGHAI] China’s central bank surprised the market yesterday by raising the auction yield of its three-month bills for the first time since mid-August. The People’s Bank of
      Reuters; Bloomberg  -  714 words
    • 265 14 Reuters [SHANGHAI] Japan’s Nomura Holdings and London-based Ashmore Group are bidding for a stake in China’s SYWG BNP Paribas Asset Management Co, seeking a foothold in the country’s US$400 billion mutual funds market, people with direct knowledge of the matter said. The 33
      Reuters  -  265 words
    • 434 14 Reuters [TAIPEI/BEIJING] The United States has cleared a sale of advanced Patriot air defence missiles to Taiwan despite opposition from China. A Chinese military official proposed countering the US sale by sanctioning US firms that sell arms to the island
      Reuters  -  434 words
  • Page 14 Advertisements
    • 2142 14 WATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BRC Asia Limited (Incorporated in the Republic of Singapore) (Company Registration No. *****0054G) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that Annual General Meeting of the Company will be held at 350 Jalan Boon Lay, Jurong Industrial Estate, Singapore *****0 on
      2,142 words

  • FOCUS: RETURN OF THE NATIVES
    • 1569 15 Return of high-profile scientists signals major strides at narrowing gap with technologically advanced nations NYT [BEIJING] SCIENTISTS in the United States were not overly surprised in 2008 when the prestigious Howard Hughes Medical Institute in Maryland awarded a US$10 million research grant to a
      NYT; FILE PHOTO  -  1,569 words
  • Page 15 Advertisements
    • 2136 15 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF MORTON'S OF CHICAGO ASIA (SINGAPORE) PTE LTD (IN MEMBER'S VOLUNTARY LIQUIDATION) Co. Reg. No: *****2466C NOTICE OF MEMBER'S VOLUNTARY LIQUIDATION The following resolutions were resolved at an Extraordinary General
      2,136 words

  • ASIA PACIFIC
    • 716 16 Booming TV sales, price recovery in memory chips seen driving revenue Reuters [SEOUL] Samsung Electronics’ strong estimates signal a promising year for the consumer electronics industry and offer investors yet another reason to pile into technology stocks. Samsung is riding a strong price recovery
      Reuters; REUTERS  -  716 words
    • 284 16 Reuters [SEOUL] South Korea’s Posco, the world’s No 4 steelmaker, yesterday said it plans to produce 32 million tonnes of crude steel this year, compared with under 30 million tonnes estimated in 2009. The country’s top steelmaker, meanwhile, will wrap up
      Reuters  -  284 words
    • 892 16 Reuters [LAS VEGAS] Television manufacturers are banking on 3D TVs for their next sales boost, with sets capable of adding that extra visual dimension expected to hit US store shelves in force by the middle of 2010. Top TV makers including Sony
      Reuters; AP  -  892 words
    • 342 16 It also launches 3D television, personal Internet device Reuters [LAS VEGAS] Sony Corp said flat-screen televisions, electronic readers and Blu-ray video players helped its US holiday season sales top expectations, in a rare sign of encouragement for the Japanese conglomerate. The company also
      Reuters  -  342 words
  • Page 16 Advertisements
    • 80 16 WINE DINE AND HOSPITALITY 5\ v A scrumptious parade of the freshest seafood takes centrestage in Kopi Tiam's aquarium of 'live' Saltwater Fish, Sri Lankan and Flower Crabs, Boston Lobster, Tiger Prawn, and more! Handpick your choice of seafood matched with your preferred cooking style and sauce, and let our
      80 words

  • WORLD
    • 449 17 Venture with Qatar Petroleum is biggest energy project in the Gulf in 3 years Bloomberg [DOHA] Exxon Mobil Corp and state-controlled Qatar Petroleum have agreed to build a US$6 billion plant to produce chemicals for export to Asia, the biggest energy project announced
      Bloomberg  -  449 words
    • 395 17 Reuters [LONDON] A former British Cabinet minister who called for a secret ballot on Prime Minister Gordon Brown’s future admitted that his surprise move had failed, but newspapers said the plot had still weakened the Labour leader. However, an opinion poll
      Reuters  -  395 words
    • 51 17 [TOKYO] Children enjoying the HD (high-definition) image of a polar bear at Asahiyawa Zoo in Asahikawa, Hokkaido, at the Sony Building in Tokyo’s shopping district of Ginza. Visitors will be able to watch the 3D (three-dimension) HD images of animals at Japan’s northernmost zoo until Jan 17.
      AFP  -  51 words
    • 466 17 Warning is based on members’ output level in November Reuters [LONDON] The Organization of the Petroleum Exporting Countries (Opec) may be facing large rises in oil inventories in the next six months unless members step up their compliance with agreed output
      Reuters  -  466 words
    • 599 18 Prospects of rival bid recede; slightly sweetened offer will win, analysts say Reuters [LONDON] Cadbury shares dipped below Kraft Foods’ £10.6 billion (S$23.6 billion) bid price for the first time yesterday as prospects of a rival bid receded and analysts reckoned
      Reuters; AFP  -  599 words
    • 455 18 Reuters [MOSCOW] Negotiations between Russia and Belarus over the supply of Russian oil for this year have broken down after talks in Moscow, Belarus state news agency BelTA reported on Wednesday, quoting an unnamed source in the Belarussian delegation. Russia briefly cut oil supplies
      Reuters  -  455 words
    • 341 18 Bloomberg [LONDON] The Bank of England pledged to spend the rest of its £200 billion (S$444.9 billion) bond purchase programme as policymakers sought to ensure the economy’s escape from the recession. The Monetary Policy Committee, led by governor Mervyn King, kept the
      Bloomberg  -  341 words
    • 316 18 Reuters AP [LONDON] One of the BBC’s highest-paid television personalities yesterday announced that he is leaving the broadcaster, 15 months after he was caught up in a scandal over lewd prank phone calls. Talk show host Jonathan Ross said that he had decided not
      Reuters; AP  -  316 words
    • 542 18 It installs billboard showing the US president in its coat NYT [WASHINGTON] A garment company in New York known for publicity stunts has seized the attention of the Obama administration. The Weatherproof Garment Co installed a billboard in Times Square on Wednesday showing US President
      NYT; REUTERS  -  542 words
  • Page 17 Advertisements
    • 3366 17 [••ATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg JAPAN LAND JAPAN LAND LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****7417K) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the shareholders of Japan Land Limited (the "Company") will be held at Suntec
      3,366 words


  • AVIATION/SHIPPING
    • 469 19  -  Singapore Maritime Foundation also has a new chairman By VINCENT WEE AT the Singapore Maritime Foundation (SMF)’s annual cocktail evening last night, some 200 maritime leaders kicked off the year with fresh hope and a new chairman at the helm. They
      469 words
    • 690 19 But mostly, tighter airport security leaves travellers late NYT [CHICAGO] As he arrived at O’Hare International Airport on Wednesday, Dennis Weyrauch, a passenger, described two hours of waiting and scrutiny at the airport in Amsterdam before his plane took off: as happened
      NYT  -  690 words
    • 3055 19 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi EY470 2200 SQ456 1245 Adelaide LH9771 1740 9W4082 2215 SQ268 1740 AF8088 2215 VS7268 1740 BA7382 2215 --JL5083 2215 QF82 2215 LH9770 2350 SQ269 2350 VS7269 2350 Amsterdam LO4031 0610 AZ3993 2250 SQ323 0610 KL838 2250 US5410 0610 LO4032
      3,055 words
    • 482 19 Reuters Bloomberg [TOKYO] Japan Airlines (JAL) is likely to post a net loss of US$13.3 billion this financial year due to a huge restructuring charge, the Nikkei business daily reported yesterday, dragging down shares of the ailing carrier by 8 per cent.
      Reuters; Bloomberg  -  482 words
  • Page 19 Advertisements
    • 372 19 ASIAN FEEDER DISCUSSION GROUP (AFDG) NOTICE TO TRADE BUSINESS PLAN 2010 The following Feeder Operators wish to inform the trade of their Business Plan for 2010 as follows: The first Rate Restoration for 2010 will be implemented on 1 March 2010. With this long period of notice of the Business
      372 words

  • EDITORIAL & OPINION
    • 466 20 EDITORIAL AMID the sometimes schizophrenic prognostications about the economy in the coming year, one key point is often overlooked: the game has changed. It’s not the same economy anymore. It’s not that economists and other pundits don’t recognise how close the world came to a second
      466 words
    • 818 20  -  THE BOTTOM LINE LEON HADAR Washington Correspondent IT has been close to a decade since 9/11, which gave birth to the so-called “War on Terror” as well as two never-end-ing and costly military quagmires in Iraq and Afghani-stan-Pakistan as well as mini-quagmires
      818 words
    • 1000 20  -  All the arguments the West has advanced for a revaluation of the currency are flawed By WU ZHIJIAN The author runs www.chinatells.com, a Web portal covering China’s economic policies IN THE last six months, China’s foreign exchange policy has frequently been in the news.
      REUTER  -  1,000 words
    • 1107 21  -  Union at troubled GM plant recognises its real enemy ‘foreign competition’ By NICK BUNKLEY FOR the better part of three decades, the car plant in Lordstown, Ohio was a seemingly endless source of trouble for General Motors (GM). In the 1970s, the factory’s 7,000 workers
      AFP  -  1,107 words
    • 162 21  -  LETTER TO THE EDITOR Lawrence Wong Executive vice-president Head, listings Singapore Exchange WE refer to the report “Privatisation drains $8.3b from bourse” (BT, Jan 4). The report said that the $2.84 billion raised through initial public offerings (IPOs) was just
      162 words
    • 922 21  -  WILLIAM PESEK JR The writer is a Bloomberg News columnist. The opinions expressed are his own IF many of us could have turned around the moment we entered 2010 and made obscene gestures at 2009, we would have. After the
      REUTERS  -  922 words


  • SINGAPORE STOCKS
    • 9048 22 Transaction date: Jan 7 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 3 3148 8Telecom 17 +0.5 665 17 17 16.5 17.5 5 0.6 30.9 81.4 9.5 2.5 5834
      9,048 words

  • 1763 23 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 6 1181 s AA Grp 7 6 8.5 6.7 25 12 8538 t APStrategic 17 15 16 100.3 4 0.5 1501
    1,763 words
  • 9396 23 UNIT TRUSTS FUNDS UNIT TRUSTS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!& 2.229/ AIGIF S'pore Bond Fund✓^ 1.386/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.22/ APS Alpha Fund (USD)!** 0.87/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd
    9,396 words
  • 453 23 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 111 107 6389 ABF SG Bond ETF 110 108.5 110 502.1 843 427 CIMBAsean40 100US$ US840 +3 150 843 840 833 838 33.6 297
    453 words
  • 261 23 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 20 6000 AVJennings A51.5 51.5 52.5 3.6 6.8 4.1 134.1 31 6 6017 Genting HK US$ US25 -0.5 4010 26 25 25 25.5
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  • FINANCE & COMMODITIES
    • 365 24 In local curr In S$ In US$ dy yr dy yr dy yr Jan 6 Index Change Change Change Change Change Change World Index Preliminary 849.0 0.2 25.3 0.1 25.6 0.1 29.7 EAFE Preliminary 800.2 0.3 23.3 -0.1 26.4 0.0 30.5 Europe Preliminary 1146.0 0.1
      365 words
    • 180 24 Jan 7 $S Offer Bid Overnight 1/4 1/8 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 1/8 US$ Offer Bid 7 days 0.23 0.18 1 month 0.28 0.23 2 months 0.35 0.25 3 months 0.37 0.27 6 months 0.53 0.43 9 months 0.90 0.60 12
      180 words
    • 22 24 Jan 7 S$ Bid Offer 1-month 1.3954 1.3967 2-months 1.3957 1.3971 3-months 1.3960 1.3974 6-months 1.3968 1.3982 Source: OCBC
      22 words
    • 184 24 Jan 7 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Feb 10 300.5 769 Mar 10 301.0 614 Apr 10 302.0 450 May 10 304.5 304.5 304.5 10 730 Jun 10 307.0 306.1 304.5 20 650 Jul 10 304.5
      184 words
    • 89 24 Jan 7 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 08.04.2010 0.57 1-Year BY*****N 01.11.2010 0.59 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****H 3.625 01.07.2011 104.43 104.47 104.41 5-Year N*****0N 1.375 01.10.2014 100.23 7-Year N*****0S
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    • 106 24 Jan 6 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 10 1050.50 1052.25 1058.50 1042.75 Mar 10 1059.00 1061.00 1068.25 1051.00 May 10 1063.00 1064.75 1072.00 1055.50 Jul 10 1066.75 1068.50 1076.00 1059.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jan 10 40.67 40.71 41.01
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    • 77 24 CRUDE OIL PRODUCTS Jan 6 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 81.05 0.87 WTI (Near Mth) 83.19 1.29 Dubai (1-Mth F) 80.25 0.30 Tapis blend 83.55 0.20 Minas 82.50 0.20 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 82.05 -0.05 Jet Kerosene 90.25 0.10 US$/barrel Opec Oil
      77 words
    • 2320 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3 1 15 6 5.67 52 2036 Advance SCT Ltd W*****9 0.5 1 87 1844 9.00 7 8756 Asiatic Grp (H) Ltd W*****2 10.5 1 3
      2,320 words
    • 132 24 Jan 7 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2790 1.3160 Can dollar 1.3430 1.3600 Euro 2.0000 2.0230 NZ dollar 1.0250 1.0470 Sterling pound 2.2220 2.2480 US dollar 1.3850 1.4020 Local dollars to 100 units of foreign
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    • 29 24 Jan 7 Open High Sett STI Jan 2910 2911 2909 SIMSCI Jan 352.1 354.1 349.9 Taiwan Jan 300.5 302.1 298.7 Source: MF Global (S) Pte. Ltd
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    • 6667 25 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W GLOBAL SERVICE CONVENTIONAL BREAKBULK UK CONTINENT SERVICE U.S.A SERVICE Destination STXPO TBN RTM/ANR/TIL Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN
      6,667 words
    • 66 24 Jan 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 10 2600 2580 2605 2580 274 1849 Feb 10 2620 2610 2640 2605 2409 ***** Mar 10 2651 2630 2667 2628 9429 ***** Apr 10 2675 2641
      66 words
    • 350 24 Jan 7 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar10 99.6900 0 ***** Jun10 99.4600 0 7482 Sep10 99.0950 0 3111 Dec10 98.6800 0 2894 EUROYEN TIBOR FUTURES Mar10 99.5950 99.5950 99.5900 99.5900 57 3959 Jun10 99.6300 40 1709 Sep10 99.6500 0 1666 Dec10 99.6400 0
      350 words
    • 466 24 Jan 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.949 6.286 0.640 7.139 42.092 85.008 0.854 10.449 3.103 1.249 78.086 42.193 1.285 6.751 0.947 29.338 30.493 0.577 0.921 Canada 1.054 6.624
      466 words
    • 77 24 Jan 6 COCOA (£/tonne) Close Prev High/Low Mar 10 2261 2275 2265/2250 May 10 2272 2288 2278/2262 Jul 10 2247 2265 2251/2242 Sep 10 2215 2233 2216/2211 COFFEE (US$/tonne) Close Pev High/Low Jan 10 1339 1315 1329/1321 Mar 10 1381 1357 1385/1358 May 10 1412 1388 1415/1390 SUGAR (US
      77 words
    • 85 24 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** Jan 7 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 155 24 Jan 7 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2838 1.2857 0.9203 0.9208 Canadian dollar 1.3532 1.3547 0.9700 0.9702 Euro 2.0067 2.0089 1.4385 1.4387 NZ dollar 1.0278 1.0291 0.7368 0.7370 Sterling pound 2.2240 2.2265 1.5943
      155 words
    • 138 24 GOLD (US$/oz) Jan 06 Jan 07 Hong Kong 1124.70 1132.00 Jan 06 Jan 05 London 1136.40 1124.50 1137.20 1125.50 Source: Thomson Reuters CAST BAR Jan 07 (S$) Selling Buying Kilobar "54,502.59" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 121.98 51 5gm 346.68 254 10gm 619.53 508 20gm
      138 words
    • 69 24 Jan 6 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2342.75 2268.25 3 months 2377.00 2302.00 Copper, Grade A (US$/tonne) Cash 7630.50 7450.25 3 months 7660.00 7485.00 Lead (US$/tonne) Cash 2652.75 2493.00 3 months 2680.00 2522.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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  • Page 26 Advertisements
    • 49 26 USE THIS SPACE TO SELL? CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES SHIPPING TIMES USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES SHIPPING TIMES THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES
      49 words

  • executive lifestyle
    • BOOKS
      • 940 27  -  All’s right with the world, and with the New Year, as there are some interesting poetry collections we can look forward to, says CLARISSA TAN CLARISSA TAN Every day is afresh beginning, Listen my soul to the glad refrain. THESE two lines by Susan Coolidge,
        JONTY WILDE; MICHAEL WOODS; KEN AUTREY; BERT NIENHUIS  -  940 words
      • 592 27  -  By MARK BEECH Mark Beech writes for Bloomberg News and is the author of ‘The Dictionary of Rock and Pop Names’ [LONDON] JP Morgan Jr wore them. So did Napoleon III and David Bowie. A tailored suit from London’s Savile Row typically
        592 words
    • ARTS
      • 995 28  -  A Dutch banker is bringing Bolivian baroque to Singapore, a culmination of events that have also involved a Polish priest and a famous UK period ensemble, reports CLARISSA TAN CLARISSA TAN YOU know how it is. One minute, you are looking at the asset sheet of one
        AMIT LENNON  -  995 words
      • 548 28  -  By AMANDA DE GUZMAN HARESH Sharma and Alvin Tan have been working together for two decades. And it shows. Tan, the founder and artistic director of the Necessary Stage (TNS), and Sharma, the company’s resident playwright, share the kind of dynamic borne out of years
        FILE PHOTO  -  548 words
      • 212 28  -  Compiled by AMANDA DE GUZMAN America The Gift Shop Phillip Toledano (England) Jan 13–24, 2010, 10am 10pm ION Art Gallery, Level 4, ION Orchard Admission free www.americathegiftshop.com www.mrtoledano.com Asian premiere THIS whimsically subversive installation by English artist Phillip Toledano asks and answers the question:
        212 words
      • AROUND TOWN
        • 363 28 TO mark the start to the new year, The Singapore Mint has launched a host of coins, gifts and collectibles for the festive season. Headlining these treasures is an exclusive range of coins and medallions bearing the majestic Lunar Tiger design to welcome
          363 words
        • 110 28  -  Compiled by AMANDA DE GUZMAN PART of the Women in Arts Festival 2010, Latitudes in Transit is an exhibition that celebrates the diverse expressions of womanhood. All the artists live their own realities and face and process those realities through art. The 15 pieces by women
          110 words
    • FOOD/WINE
      • 632 29  -  The integrated resort aims to be a dining hub with four celebrity chefs and more than 60 F&B outlets, reports AUDREY PHOON AUDREY PHOON THEworld’smoststarred chef, Joel Robuchon, may have overlooked Singapore when choosing locations for his first few Asian outposts, but he’s about
        BLOOMBERG FILE PHOTO; YEN MENG JIIN  -  632 words
      • 1065 29  -  By N K YONG I WOULD like to take the liberty of beginning this column this week by thanking my readers, in particular those (complete strangers to me) who have come up to me at gatherings, meetings or dinners to greet me in person
        1,065 words
    • CINEMA/GAMING
      • 590 30  -  Invictus is Eastwood’s latest addition to socially responsible cinema, says GEOFFREY EU GEOFFREY EU RUGBY, reconciliation and the rebirth of a nation are the topics of the day in Invictus, Clint Eastwood’s latest contribution to serious, socially responsible cinema. It helps that he had a
        BLOOMBERG  -  590 words
      • 503 30  -  By CHRISTOPHER LIM WHILE game-console companies dip their toes in the fine art of selling games directly to gamers over the Internet, Windows PC gamers have been enjoying that convenience for years thanks to the online game store Steam. For example, you can buy a limited number of
        503 words
      • 441 30  -  By AMANDA DE GUZMAN IT is a testament to the cast and crew of It’s Not Me, I Swear! (C’est pas moi, je le jure!) that the project makes a seriously troubled 10-year-old who shares philosophical views with the likes of Camus’s Merseault or Dostoevsky’s
        441 words
      • 372 30  -  DVD REVIEW By CHRISTOPHER LIM THE danger of a Hong Kong movie being re-made into a Hollywood thriller is the number of copycats that follow the formula in the hopes of replicating that success. So when Infernal Affairs got made into The Departed in 2006
        372 words
    • MUSIC
      • 697 31  -  Lambert and Boyle shine while Allen sweetly bores, says CHRISTOPHER LIM CD REVIEW CHRISTOPHER LIM RISING above the controversy surrounding the results of the latest round of Singapore Idol, what’s clear is that musical talent-spot-ting shows do manage to let the cream rise to the
        697 words
    • 1528 32  -  Not yet, say industry pros, as they come together with initiatives to strengthen Singapore’s design culture and community. By LIM SIO HUI By LIM SIO HUI UNLESS you’re too young to remember, designers never used to enjoy the superstar status Philippe Starck and Milton Glaser are
      THE DESIGN SOCIETY  -  1,528 words

  • Page 28 Advertisements
    • 48 28 No crystal ball. No tarot cards. Just a measured pick of the 10 Indians who should ride high this year This is Reena calling from the South Pole... Indian team member of Antarctica expedition talks to tabla! GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)
      48 words

  • Page 29 Advertisements
    • 60 29 1 hAUS Furnishings Interiors Pte Ltd sale clearance up to 70% 390 orchard road #03-04 palais renaissance Singapore *****1 t: 6235 6866 f: 6235 6366 e: info@haus.com.sg www.haus.com.sg rational* interlubke COR w w nu A CMIR DRAENERT TMI ML ART Of A OOOO KITCMIN SUB-ZERO I ujolf 0 irinox Foster
      60 words


  • Page 31 Advertisements
    • 28 31 —Tfind the ones J THAT FIT! Recruit the right people through CATS Recruit. I Call 1800 289 8822 or email recruit(I>sph.com.sg to advertise. h o r fj J
      28 words
    • 1039 31 home.causes Recession tightens father's ties with child I BY TAN WEIZHEN AT LEAST one good thing has come out of the recession: Dads now have more time to spend with their families. The Centre for Fathering has seen so much demand for its father-and-child bonding camps that it has had
      1,039 words
  • Page 31 Miscellaneous
    • 329 31 CRYPTIC CROSSWORD Across 1 Patient chap, not a bear, one at the Stock Exchange (6) 4 Alarm just inside marshy area (8) 9 Rent asunder, not one looked after children (6) 10 A handful backing me with song that’s an angelic salutation (3,5) 12 He’ll stop being one when given
      329 words