The Business Times, 9 January 2010

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Total Pages: 48
1 20 The Business Times
  • 17 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg JANUARY9-10, 2010 S$1.00 MICA (P) 124/08/2009 S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • 358 1  -  Bonvests cashes out for $19m as Burger King Corp sinks its teeth into the S’pore market By Uma Shankari shankari@sph.com.sg Singapore BONVESTS Holdings is flipping its Burger King franchise back to the principal for up to $19 million. The price comprises
    358 words
  • 714 1 85,000 jobs lost in December against expectations but numbers point to better outlook for sustained job creation in coming months; setback could stay Fed’s hands on rates Reuters Bloomberg AP Washington WITH market expectations running high that the US economy had stopped losing jobs in December
    Reuters; Bloomberg; AP  -  714 words
  • Page 1 Advertisements
    • 143 1 the business www.businesstimes.com.sg the raffles conversation WRITER WILLIAM DALRYMPLE 8-9 homing in TV makers going big on 3D All the major players introduced TVs capable of displaying 3D programmes at the four-day Consumer Electronics Show in Las Vegas. 2 going strong S’pore Customs turns 100 Prime Minister Lee Hsien Loong
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    • 10 1 MOTORING Rolls-Royce Ghost L20 WEALTH Beyond bricks and mortar 30-31
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  • TOP STORIES
    • 819 2  -  TV giants bring out 3D models, try to create content By Christoper Lim limchris@sph.com.sg Las Vegas ELECTRONIC displays are the name of the game here at the ongoing four-day Consumer Electronics Show (CES), with 3D TVs and players leading the way. 3D
      REUTERS  -  819 words
    • 136 2 STI 2,922.76 (+9.51) STI FUTURES 2,922.0 (+13.0) SIMSCI 350.60 (+0.62) SIMSCI FUTURES 350.50 (+0.60) STOCKS Friday Change KL COMP 1,292.98 +1.56 NIKKEI 225 10,798.32 +116.66 HANG SENG 22,296.75 +27.3 SET 738.96 +4.33 JAKARTA 2,614.37 +27.47 MANILA 3,077.18 -0.6 KOSPI 1,695.26 +11.81 SHENZHEN B 617.76 +5.99 MUMBAI IND 17,540.29 -75.43
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    • 921 3  -  Since 1983, it’s been spreading its message of peace, human rights and sustainability By Joyce Hooi joyceh@sph.com.sg Singapore WHEN the USS Roosevelt decided to use the unwitting Peace Boat as target practice in the Suez Canal for its aircraft during the first Gulf War in
      ARTHUR LEE  -  921 words
    • 471 4  -  Its efficient, graft-free services help make it No 1 in WEF ranking By Chuang Peck Ming peckming@sph.com.sg Singapore IT works quietly in the background, seldom attracting public attention. But it plays a key role inkeeping Singapore’s tradewith the world the country’s main livelihood
      CHEW SENG KIM/THE STRAITS TIMES  -  471 words
    • 574 4  -  saturday soapbox| By Chen Huifen xuifen@sph.com.sg THE sudden death of Franklin Heng has once again swung the spotlight on liposuction, or more specifically, the debate on who should be allowed to perform it. The surgical procedure was a point of contention in early 2008 when
      574 words
    • 527 5  -  Politicians of all hues condemn the violence, appeal for calm By S Jayasankaran btworld@sph.com.sg Kuala Lumpur MALAYSIAN police stepped up security at churches around the country yesterday after two were firebombed while another suffered an unsuccessful attack amid an escalating row over the use
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    • 642 6 UK airports stay open; rail disruptions continue Bloomberg London THE UK and much of Europe girded for more snow through the weekend as winter weather worsened the transport difficulties for travellers. Snow flurries were forecast for London and eastern England yesterday with freezing
      Bloomberg; AFP  -  642 words
    • 397 6 US asset management unit of SocGen takes former CIO to court Reuters Boston TRUST Company of the West (TCW) sued its former chief investment officer, Jeffrey Gundlach, accusing him of stealing confidential data, lying to potential clients and keeping drugs and pornographic
      Reuters  -  397 words
  • Page 2 Advertisements
    • 58 2 CONTENTS NEWS Top Stories 2-6 Week in Review 7 Raffles Conversation 8-9 Companies 10-13 From The Desk Of 14 Singapore 15-17 Doha Round 18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-33 Househunt 34 Real Estate 35 LIVING Shopping L2-4 Dining L5-7 CEOs’Hawker Guide L8-9 Gadgets L10-11 Travel L12-13
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  • Page 5 Advertisements
    • 498 5 1 f If A Private Event Reserved for Kadeka Winners j id KADEKA JAPAN Get up close personal with a Michelin Star chef! Kadeka is proud to present the year's most anticipated private gastronomic experience in partnership with Hilton Singapore, Pernod Ricard Singapore and Wine Dine Magazine! Be amongst 30
      498 words


  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK | Jan 4-8, 2010
      • 64 7 IT’S so long, farewell, to $8.29 billion from the Singapore market last year as 17 listed firms called it a day and went private a trend that could continue into the new year. Besides the loss in market depth, the delistings signalled a possible rebalancing
        64 words
      • 41 7 SINO-Environment executive directors have resigned and there’s no indication that there will be new management soon. The latest development is a surprise given that chairman Sun Jiangrong has just been cleared of misappropriation allegations in China.
        41 words
      • 76 7 ECONOMIC momentum may have fallen off a little more than expected in the last quarter, but economists say that the underlying recovery in Singapore remains on track. Indeed, with flash Q4 GDP data in hand, at least two forecasters jacked
        76 words
      • 51 7 PRIVATE home prices continued their ascent in Q4 last year, climbing an estimated 7.3 per cent from the previous quarter. This sent prices for 2009 up 1.7 per cent from a year ago, defying bleak prognoses of double digit falls when the financial crisis
        51 words
      • 57 7 THE year gone by belonged to the emerging and, on occasion, the outright baffling. When Brazilian equities shot up 144 per cent in 2009, market watchers probably didn’t bat an eyelid. But when the Sri Lankan market followed closely with a 119.6 per cent
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      • 53 7 QUESTIONS over the resignation of the chief executive and a director of HG Metal Manufacturing dogged the company’s extraordinary general meeting (EGM) on Tuesday. Shareholders were also left wondering who would now lead the company as well as the strategies that the replacement
        53 words
      • 56 7 MERGER and acquisition activity in the Asia-Pacific rose slightly in 2009 compared to 2008 despite the financial crisis, boosted by several large deals in Australia, China and Japan, data from Mergermarket Group show. The value of deals announced in 2009 rose
        56 words
      • 74 7 THE Singapore Exchange is proposing to allow the listing of cash companies, alongside a broadening of its mainboard admission criteria in what market observers believe is an attempt to secure more listings at a difficult time. SGX put up a consultation
        74 words
      • Article, Illustration
        29 7 Calls for a weaker yen and is expected also to argue in favour of a more expansionary fiscal policy as a means to stimulate Japan’s economy REUTERS
        REUTERS  -  29 words
      • 46 7 UNITED Overseas Bank will sell its life insurance unit to Britain’s Prudential Group for $428 million in cash and distribute Prudential’s products through its branches in Singapore, Indonesia and Thailand as part of a 12-year partnership agreement.
        46 words
      • 72 7 THEY have just emerged from a challenging year, but meetings and exhibitions executives now have to prepare for a tougher campaign ahead. Once the integrated resorts are launched, the amount of exhibition space in Singapore is going to jump by a
        72 words
      • 61 7 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 a weaker yen and is expected also to argue in favour of a
        61 words
    • NEXT WEEK| Jan 11-15, 2010
      • 31 7 Jan 12 Nov trade balance Jan 13 Fed’s Beige Book Jan 14 Dec retail sales Nov business inventories Jan 15 Dec core CPI Dec capacity utilisation Dec industrial production
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      • 11 7 Jan 15 Nov retail sales and catering trade indices
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      • 34 7 Jan 11 GLOBAL Economy Meeting of central bank heads from leading industrial and emerging economies, held at the Bank for International Settlements. Jan 14 ECB Governing Council meeting, followed by interest rate announcement
        34 words
  • Page 7 Miscellaneous
    • 333 7 CRYPTIC CROSSWORD Across 1 Not a member of the first form at Westminster (11) 9 Ground-rent deposit (4) 10 Takes a turn in the air (11) 11 Celebration held in a cafeteria (4) 14 An irritated doyen describing his state of mind (7) 16 Net adjustment by water board (7)
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    • 24 7 SATURDAY with Ludwig ‘It’s a pity with so many apps we have in common, there’s just no way we can share our music together...’
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  • RAFFLES CONVERSATION
    • Article, Illustration
      2090 8/9  -  Researching the history of India, William Dalrymple discovered family lineage that went back several generations, and fuelled an enthusiasm in telling the stories of others. By Parvathi Nayar btnews@sph.com.sg ‘THIStime,last year,Iwas inruralWest Bengal in search of a Tantric skull-feeder,” says Scottish-born, In-dia-based author William Dalrymple, as a preamble
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  • Page 8/9 Advertisements
    • 70 8/9 The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. Raffles Hotels Resorts epitomizes enchanting experiences, embodying global sophistication and residential charm. Each is exclusive, intimate with a distinctive sense of place, imbued with heartfelt service that is intuitive and unobtrusive “like a gentle breeze”.
      70 words

  • COMPANIES
    • 411 10  -  It’ll sell its current business producing semiconductor equipment to ASTI Holdings By Chew Xiang xchew@sph.com.sg Singapore CATALIST-listed Advanced Systems Automation (ASA) yesterday said it will be buying a Chinese fabric maker and selling its present business producing semiconductor equipment to controlling shareholders ASTI
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    • 477 10  -  By Michelle Quah michquah@sph.com.sg Singapore TRADING volumes of exchangetraded funds (ETFs) listed on the Singapore Exchange (SGX) hit a third straight record high last year. The Exchange said turnover of ETFs grew 56 per cent to $4.6 billion in 2009, from the year before.
      BLOOMBERG  -  477 words
    • 509 10  -  By Conrad Tan conradt@sph.com.sg Singapore THE value of merger and acquisition (M&A) deals targeting firms in Asia-Pacific rose last year even as M&A activity in the rest of the world fell, as buyers snapped up equity stakes in banks and insurance companies
      509 words
    • 494 11  -  Yamato launches Ta-Q-Bin service; eyes 50% market share in 10 years By Vincent Wee vincewee@sph.com.sg Singapore YAMATO Transport is taking SingPost head on in the local parcel delivery segment, launching its Ta-Q-Bin service yesterday as an alternative to the latter’s SpeedPost service. Muscling in on SingPost’s
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    • 591 11  -  commentary| By Teh Shi Ning tshining@sph.com.sg Singapore IT HAS been a difficult week for SingPost. After the public furore over its viral marketing stunt a masked Inkman spray-painting graffiti on six mailboxes islandwide, and a public apology it is no doubt questioning the
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    • 535 12  -  stocks| R Sivanithy sivan@sph.com.sg Senior correspondent PENNY stocks provided the main talking points as house traders, syndicates and day punters went into overdrive this week, trying to capitalise on assurances from US officialdom and brokers that the worst has passed and it’s all blue skies
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    • 110 12 VOL CLOSE GoldenAgri 143,524 60.5 2.0 3.4 UniFiber 117,096 5.5 0.0 0.0 ChinaHongxing 95,588 22 2.5 12.8 ChinaSports 82,143 20 2.5 14.3 BanJoo 58,381 5 0.0 0.0 ChinaGaoxian 56,632 22 1.0 4.8 Oceanus 47,871 42 1.5 3.7 GentingSP 47,732 124 0.0 0.0 Healthway 47,523 18.5 0.0 0.0
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    • 112 12 Stock name Close Change CapitaLand 4.240 +0.010 CapitaMall 1.870 +0.030 CityDev 11.640 +0.080 ComfortDelGro 1.630 +0.010 Cosco Corp 1.310 +0.020 DBS Grp 15.380 +0.060 F&N 4.410 +0.040 Genting SP 1.240 Golden Agri 0.605 +0.020 HK Land 4.850 +0.070 JMH 30.580 +0.120 JSH 17.560 -0.100 Jardine C&C 26.480 -0.460
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    • 58 12 BY CENTS CLOSE UP DBXT MSAsExJp 10US$ 2887 247.4 6.5 DBS Bk 6% NCPS 10 ***** 70.0 0.7 UOB 5.05%NCPS 100 ***** 50.0 0.5 OmegaNav 535 35.0 7.0 DBXT Nifty 10US$ ***** 33.5 0.2 STXPO 100 1550 30.0 2.0 Wilmar.ES.1001 695 22.0 3.3 Great Eastern 1378 18.0 1.3
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    • 61 12 BY CENTS CLOSEDOWN GLD 10US$ ***** -166.3 -1.1 DBXT S&P Short 10US$ 5284 -68.5 -0.9 Jardine C&C 2648 -46.0 -1.7 DBXT MSKorea 10US$ 4788 -21.0 -0.3 JSH 1756 -14.0 -0.6 SIA 200 1434 -12.0 -0.8 OCBC Bk 5.1%NCPS 100 ***** -10.0 -0.1 CIMBAsean40 100US$ 834 -8.4 -0.7 OCBC
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    • Business briefing
      • 110 12 CHINA Sports International’s wholly owned subsidiary Yeli Sports (China) Co Ltd has signed an agreement with Global Brands Group to become the authorised master distributor of official Fédération Internationale de Football Association (Fifa) lifestyle clothing and accessories throughout China. This exclusive distribution rights deal
        110 words
      • 118 12 PAN Hong Property Group has agreed to sell some commercial units at its Nanchang Honggu Kaixuan project for 24.7 million yuan (S$5 million). Agricultural Bank of China, Jiangxi Province branch office, will buy the units for an average of 16,700 yuan
        118 words
      • 89 12 VAN Der Horst Energy has reported that net profit for the six months ended November 2009 plunged to $786,000 from $7.59 million previously. Revenue fell 14.5 per cent to $9.68 million due to a weaker logistics business. It saw
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      • 65 12 DBS Bank yesterday announced the launch of a proposed issue of 30 million European-style cash-settled call warrants for CapitaMalls Asia. The bank has been appointed as the designated market maker for the warrants. The issue price of each warrant is 22.4 cents, while
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    • 289 13  -  One of KIE’s awards is for a plant in Shenzhen and the other is in Chengdu By Wong Su-Jin sujinw@sph.com.sg Singapore KEPPEL Integrated Engineering (KIE) was awarded two contracts amounting to US$53 million to supply waste-to-energy solutions in China, the
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    • 341 13  -  By Vincent Wee vincewee@sph.com.sg Singapore CONTINUING to use the downturn to beef up its capabilities, offshore services company Ezra Holdings yesterday announced the purchase of US$17.1 million worth of energy services equipment at fire-sale prices which will double the capacity at
      341 words
    • 195 13 Singapore DBS Group will guarantee the financial safety of customers using its Internet banking service to encourage more people to bank online. With its “money safe” guarantee, DBS’s online banking customers will be automatically protected when transacting online, with the bank reimbursing any losses in
      195 words
    • 250 13  -  By Keith Chee keithc@sph.com.sg Singapore THAILAND-based sub-sea services provider Mermaid Maritime said yesterday its Mermaid Offshore Services subsidiary has entered into a tie-up with Aber-deen-based KD Marine. Under the arrangement, they will provide fully integrated saturation, air diving, daughter craft and remotely operated
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  • Page 11 Advertisements
    • 1014 11 ADVS IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF CALL CENTRE ONE PTE. LTD. (IN CREDITORS' VOLUNTARY LIQUIDATION) Co. Reg. No. *****6116M Extract of the minutes at the Extraordinary General Meeting of members of CALL CENTRE ONE PTE. LTD. convened and held at 75
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  • Page 12 Advertisements


  • FROM THE DESK OF
    • 815 14  -  Companies are assessing their executive capacities and finding that they need new talent to deliver on their plans FROM THE DESK OF Lim Chye Lian Global Chair IIC Partners Lim Chye Lian is managing partner of Executive Talent International in Singapore and Global Chair of IIC
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  • SINGAPORE
    • 454 15  -  Analysts say Asian stocks are set to outperform this year despite weak US consumption, inflation fears By Teh Shi Ning tshining@sph.com.sg ASIAN economies have rebounded to lead the global recovery, but analysts at a business forum yesterday remained tentative, as growth could
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    • 219 15  -  By Keith Chee keithc@sph.com.sg THREE parties have joined hands to aid student inventors and developers of green technologies. Singapore Manufacturers’ Federation (SMa), Singapore Environment Council (SEM) and Temasek Polytechnic (TP) will collaborate to develop environment and manufacturing policies and emerging technologies. They signed a Memorandum
      219 words
    • 208 16 SOME 600 athletes from more than 20 National Olympic Committees (NOCs) will be competing in the Friendship Games this month, providing the Singapore Youth Olympic Games Organising Committee (SYOGOC) with a chance to validate its operation plan during the event itself. The Friendship
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    • 647 16  -  All works will be completed by May, well in time for Aug event By Lee U-Wen leeuwen@sph.com.sg JUST seven months remain until 3,600 of the world’s top teenage athletes descend on Singapore for the inaugural Youth Olympic Games (YOG), and home for
      647 words
    • 519 17  -  He recalls how the agency, now marking its 100 years, changed its roles since 1910 By Chuang Peck Ming peckming@sph.com.sg SINGAPORE Customs started as a distributor of prepared opium in 1910, apart from being a regulator and collector of revenue from opium and
      CHEW SENG KIM/THE STRAITS TIMES  -  519 words
    • 315 17 PSA’s container volumes down 9.9% its first ever yearly fall DOMINANT port operator PSA saw its first-ever decline in its global container throughput last year brought on by the sharp contraction in world trade. It released figures which showed a 9.9 per cent drop in global container throughput for the
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    • 246 17 SINGAPORE and Malaysia remain committed to honour and abide by the judgement of the International Court of Justice (ICJ) on Pedra Branca, Middle Rocks and South Ledge, a statement issued by both sides yesterday stated. Representatives from the two countries
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  • Page 15 Advertisements
    • 2109 15 DAYEN ENVIRONMENTAL LIMITED (Incorporated in the Republic of Singapore) Registration No. *****2051G NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at Orchid Country Club, Sapphire 3, 1 Orchid Club Road, Singapore *****2 on Monday, 25 January 2010 at
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  • FOCUS
    • 788 18  -  As PM Lee says, ‘major players must be prepared to close the last gaps and seal a deal’ in the global trade talks doha round| Lee U-Wen leeuwen@sph.com.sg Acting Deputy Foreign Editor AFTER many missed deadlines, yet another target date has been set
      REUTERS  -  788 words

  • WORLD
    • 547 19 Promise comes a day after steel magnate berates the authorities for falling short Reuters New Delhi INDIAN Prime Minister Manmohan Singh promised that his government would improve infrastructure in Asia’s third-largest economy to keep up economic growth that he said could reach
      Reuters  -  547 words
    • 566 19  -  By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN’S new finance minister, Naoto Kan, yesterday softened his controversial call for a weaker yen after Prime Minister Yukio Hatoyama insisted in what was seen as a rebuke to Mr Kan that exchange rates should be
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    • 192 19 Bloomberg Paris THE Organisation for Economic Cooperation and Development (OECD) says its leading economic indicator rose to the highest level in almost two years, indicating “stronger signals” of a recovery in major economies. The measure increased one point last November to 102.3, the
      Bloomberg  -  192 words
    • 390 20 Bloomberg New York BANK of America Corp (BOA), the biggest US lender, expects to pay record bonuses to some investment bankers while keeping the overall cost of incentive compensation below previous year’s, according to a company spokesman. “Some people will be
      Bloomberg  -  390 words
    • 337 20 It’ll buy regional lender Church House Trust for £12.3m and offer customers savings and mortgage products AFP London VIRGIN Money, part of Richard Branson’s Virgin empire, launched a shake-up of ain’stroubledretailbankingmarketyesterday with the purchase of a private regional lender. Virgin
      AFP  -  337 words
    • 762 21 Volvo is known for safety and high quality; Chinese carmakers have a different reputation Reuters Hong Kong NOW that Geely Automotive has won the bidding for Sweden’s Volvo car unit, China’s No 1 private carmaker is making plans to set up a local
      Reuters; AFP  -  762 words
    • 443 21 AFP New Delhi IT was touted as the world’s cheapest car at 100,000 rupees (S$3,000) apiece, but a new version of the snub-nosed Tata Nano will be available soon at a price closer to that of a top-end Ferrari or Porsche. Mumbai-based firm
      AFP  -  443 words
    • 434 22 Talks underway on plan to back airline with new capital boost if it files for bankruptcy Reuters Tokyo GROWING concerns that Japan Airlines Corp (JAL) will file for bankruptcy as part of a state bailout sent shares in the ailing carrier tumbling a
      Reuters; REUTERS  -  434 words
    • 513 22 AP Washington LAWMAKERS are preparing to investigate revelations that the Federal Reserve Bank of New York, led at the time by Timothy Geithner, pushed for greater secrecy on controversial bailout decisions. Senate and House Republicans called on Thursday for hearings
      AP  -  513 words
    • 355 22 Reuters Canberra AUSTRALIA’S government and police angrily criticised yesterday a cartoon in an Indian newspaper that depicted police as racist Ku Klux Klan (KKK) members following the fatal stabbing of an Indian student. A cartoon in the Delhi Mail Today newspaper portrayed a
      Reuters  -  355 words

  • Page 20 Advertisements
    • 109 20 II w 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 OSIM CEO
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  • SGX
    • 11011 26 Transaction date: Jan 8 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 s AA Grp 5 -2 440 6 5 5 5.5 4.8 25 12 8538 t APStrategic
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    • 186 26 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 6 2 0 0 0 8 6 2 Manufacturing 114 28 58 7 8 16 121 36 74 Commerce 33 17 25 6 0 9 39 17 34 Tpt/Stor/Comms 27 7 10
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    • 778 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jan 4 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) HLN Tech 7-Jan-10 Wa Kok Liang Buy 870 0.23 8888 7.20 9758 7.90 Lee Kim Tah 7-Jan-10
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    • 121 26 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 67,940 67,940 150,115 150,115 Manufacturing 837,525 18,682 856,207 383,998 1,164 385,162 Commerce 254,231 27,609 281,840 106,888 7,351 114,238 Tpt/Stor/Comms 127,553 1,869 129,422 184,733 329 185,062 Finance 52,802 52,802 194,259 194,259 Construction 207,577 4,090 211,667 37,714
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  • MARKETS
    • Article, Illustration
      91 27 YTD change: +0.87% 52-week high: 2,945.06 on Jan 7,2010 52-week low: 1,455.47 on March 10,2009 Source: Bloomberg YTD change:+1.94% 52-week high: 23,099.50 on Nov 18,2009 52-week low: 11,344.50 on March 9,2009 Source: Bloomberg YTD change: -2.48% 52-week high: 3,478.01 on Aug 4, 2009 52-week low: 1,861.81 on Jan
      Source: Bloomberg  -  91 words
    • 365 27 In local curr In S$ In US$ dy yr dy yr dy yr Jan 7 Index Change Change Change Change Change Change World Index Preliminary 848.0 -0.1 25.1 -0.2 25.4 -0.3 29.3 ‡EAFE Preliminary 799.7 -0.1 23.2 -0.3 26.0 -0.4 30.0 Europe Preliminary 1145.5 0.0
      365 words
    • 154 27 Jan 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2800 1.2815 0.9158 0.9160 Canadian dollar 1.3519 1.3538 0.9672 0.9677 Euro 2.0012 2.0038 1.4318 1.4323 NZ dollar 1.0216 1.0232 0.7309 0.7314 Sterling pound 2.2328 2.2353 1.5975 1.5978
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    • 77 27 Jan 7 COCOA (£/tonne) Close Prev High/Low Mar 10 2284 2261 2290/2249 May 10 2290 2272 2298/2260 Jul 10 2268 2247 2274/2235 Sep 10 2234 2215 2229/2215 COFFEE (US$/tonne) Close Pev High/Low Jan 10 1348 1339 1340/1334 Mar 10 1388 1381 1390/1365 May 10 1418 1412 1420/1397 SUGAR (US
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    • 93 27 Jan 7 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jan 10 1017.*****0.*****2.*****6.50 Mar 10 1026.*****9.*****3.*****4.00 May 10 1031.*****3.*****7.*****9.75 Jul 10 1035.*****6.*****1.*****4.25 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Jan 10 39.99 40.67 40.32 39.85 Mar 10 40.36 41.07 41.30 40.20 May 10 40.75 41.46 41.62
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    • 66 27 Jan 8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 10 2555 2570 2580 2555 184 1360 Feb 10 2606 2592 2610 2570 2917 ***** Mar 10 2625 2626 2634 2590 ***** ***** Apr 10 2614 2636
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    • 75 27 Jan 7 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 81.34 0.29 WTI (Near Mth) 82.65 -0.54 Dubai (1-Mth F) 80.78 0.53 Tapis blend 83.60 0.05 Minas 83.60 1.10 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 83.22 1.17 Jet Kerosene 91.15 0.90 US$/barrel Opec Oil Basket Price
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    • 71 27 Jan 7 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2275.25 2342.75 3 months 2310.00 2377.00 Copper, Grade A (US$/tonne) Cash 7506.50 7630.50 3 months 7535.00 7660.00 Lead (US$/tonne) Cash 2572.25 2652.75 3 months 2599.00 2680.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • 66 27 Jan 8 GOLD (US$/oz) Jan 08 Jan 07 Hong Kong 1124.*****2.00 Jan 06 Jan 07 London 1136.*****1.70 1137.*****2.50 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 25.48 25.25 Source: UOB PLATINUM Lon (US$/oz) Jan 07 Close Previous PM Fix 1548.*****6.00 AM Fix 1542.*****8.00 Source: Thomson Reuters PLATINUM NYMEX
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  • PERSPECTIVE
    • 901 28 / 29 Retail sales are up, unemployment appears to have peaked at less than 6 per cent and consumer confidence has rebounded sharply. Bloomberg Sydney AUSTRALIA’S economy is heading for its “next big boom”, according to Gerry Harvey, billionaire chairman of the nation’s largest electronics seller,
      Bloomberg; REUTERS  -  901 words
    • 825 28 / 29  -  By David Brooks NYT EVERY age produces its own sort of fables, and our age seems to have produced The White Messiah fable. This is the oft-repeated story about a manly young adventurer who goes into the wilderness in search of thrills and profit.
      NYT  -  825 words

  • Wealth
    • WEALTH INVESTING
      • 1506 30 / 31  -  Here are some alternative forms of exposure to property for you to consider before you traipse along to the next property launch wealth insights Roy Varghese Director, financial planning practice, ipac Singapore The writer is Foundation Adviser at ipac Singapore. The opinions expressed are personal and
        STOCK.XCHG  -  1,506 words
      • BROKER'S TAKE
        • 324 30 / 31 Buy DBS Group Research Jan 8 Close: $0.20 CHINA Sports (CSPORT) has signed an agreement with Global Brands Group to become the authorised exclusive distributor of official FIFA football lifestyle clothing and accessories throughout the PRC. Global Brands Group is the appointed worldwide exclusive master licensee by Fifa.
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        • 482 30 / 31  -  Hold OCBC Investment Research Jan 8 Close: $3.64 Compiled by Joyce Hooi LAST week, Keppel Land (KepLand) announced that it had acquired a 303,000 sqm site in Shenyang’s Hunnan New District for 884 million yuan (S$181 million). This site is strategically located near the city centre and the
          482 words
      • 586 32 Most money managers don’t take global warming into account when choosing companies to invest in Bloomberg New York MOST money managers don’t consider risks to profit posed by climate change when deciding whether to invest in companies, according to CERES, a coalition of investors and environmental
        Bloomberg; AP  -  586 words
      • 1059 33  -  The equity risk premium for STI now is 4 per cent, precariously near the bottom of the last eight years’ range show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent The writer is a CFA charterholder A FEW readers have written in asking me
        1,059 words
    • WEALTH REAL ESTATE



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    • 57 1 LivingBTTHEBUSINESSTIMESWEEKEND|JANUARY9-*****0BTTHE BUSINESS TIMES WEEKEND JANUARY 9-10 2010 STYLE Out of the bloc L4 SHOP THIS WAY Sometimes, the best retail therapy can be had off the beaten track CEOS' HAWKER GUIDE Feats of clay L8-9 TRAVEL Town and gentry L12-13 GADGETS Live from Las Vegas L10-11 PHOTO: SEEN@DEMPSEY DINING Japanese
      57 words

  • BT Living
    • SHOPPING
      • Article, Illustration
        1950 2/3  -  Sometimes, the best retail therapy can be had when you venture off the beaten track. Here are five destination retail concepts worth travelling that extra mile for. By Melissa Lwee By Melissa Lwee Booze@Jalan Besar 111 Jalan Besar ?6294-7500 JALAN Besar may be known for being steeped
        BOOZE AND GLITTERATI PHOTOS BY ARTHUR LEE  -  1,950 words
    • STYLE
      • 818 4  -  Lithuanian-born Josef Statkus has come a long way to arrive at the peak haute couture. By Melissa Lwee By Melissa Lwee mellwee@sph.com.sg BACKinthe’90s,as anewdesigner facing for the first time Didier Grumbach the revered head of the Chambre syndicale de la haute couture, the trade union of
        818 words
    • DINING
      • JAPANESE SHOWCASES
        • 631 5  -  #12-02 Orchard Central, 181 Orchard Road ?6509-4222 (reservations are mandatory) Four Japanese restaurants that recently opened exemplify what fine dining is all about quality food exquisitely prepared and served in an elegant setting By Audrey Phoon AS the AC/DC song goes, it’s a long way to the top
          PHOTOS BY YEN MENG JIIN  -  631 words
        • Article, Illustration
          548 6 / 7  -  #01-58 Icon Village. 12 Gopeng Street ?6225-8433 By Audrey Phoon aphoon@sph.com.sg IF Icon Village’s existing Japanese joints a bakery, a kaiten sushi eatery and a casual dining restaurant are poster prints for the cheap and cheerful side of the Land of the Rising Sun, Kumo is an original watercolour
          548 words
        • 676 6 / 7  -  #04-05 Mandarin Gallery 333A Orchard Road 6737-7764 By Jaime Ee jaime@sph.com.sg FOR those fazed by the snaking lines at the hot (literally) new Ippudo Ramen at Mandarin Gallery, ducking into the decidedly more upmarket and refined Suju next door may be a better consolation prize than you
          ARTHUR LEE  -  676 words
        • 617 6 / 7  -  Block 16A Dempsey Road 6474-7896 Open Tuesday to Sunday, 6.30pm to 11pm (a tapas menu is available from 5.30pm to midnight) By Geoffrey Eu btnews@sph.com.sg THE surging F&B scene at Dempsey Road shows little sign of abating, and that’s both good and bad news for diners in search of
          617 words
      • 680 6 / 7 wine dine with BTWeekend Bar on 5 Level 5, Meritus Mandarin Singapore 333 Orchard Road ?6831-6288 Bar on 5 is the ideal place to chill out and unwind after a hard day’s work. Located five floors above Orchard Road, it provides a fabulous view of the shopping belt. The beverage
        680 words
    • CEOS' HAWKER GUIDE
      • Article, Illustration
        1171 8 / 9  -  BT Weekend digs into the best claypot rice stalls in Singapore. By Audrey Phoon CLAYPOTS, to be sure, are to cooking what black is to fashion. That is to say, they’re classic (culinary) gear that has remained in vogue through the ages: these vessels were one of
        PHOTOS: YEN MENG JIIN, AUDREY PHOON, JUSTIN LEONG  -  1,171 words
      • 660 8 / 9  -  Jason Chu Chief Operating Officer DigiPen Institute of Technology By Audrey Phoon aphoon@sph.com.sg BORN in Hong Kong and schooled in Vancouver, Jason Chu has spent many of his 44 years in what are possibly the world’s top two cities for Cantonese food. Yet, when it comes
        YEN MENG JIIN  -  660 words
    • GADGETS
      • Article, Illustration
        1623 10 / 11  -  We round up some of the notable products at CES 2010, which include phones, hi-fis, computers and e-book readers. By Christopher Lim in Las Vegas By Christopher Lim limchris@sph.com.sg VISUAL impact was the name of the gameforSamsungat this year’sConsumer Electronics Show (CES) in Las Vegas, where the South
        CHRISTOPHER LIM  -  1,623 words
    • TRAVEL
      • Article, Illustration
        1285 12 / 13  - Town Gentry Town&Gentryew York’s greatest pleasures One of New York’s greatest pleasures the discover or rediscover of its ever resent astBDavenWu is the discovery, or rediscovery, of its ever present past. By Daven Wu astBDavenWu By Daven Wu PEEL off the surprisingly thin surface layer of New York’s gridded canyon
        1,285 words
    • WATCHES
      • 949 14  -  Timeless Gallery’s Jimmy Tay says it is challenging convincing watch owners they need a watch winder. By Chuang Peck Ming peckming@sph.com.sg JIMMY Tay’s boutique Timeless Gallery in the plush Ion shopping mall sells luxury hand-crafted watch winders and cases at prices that easily exceed
        ARTHUR LEE  -  949 words
    • HEALTH
      • 790 15  -  The answer lies in preschoolers’ ability to control thought, action and emotion.By Audrey Ho emotion.By Audrey Ho btnews@sph.com.sg DEALING with preschoolers is trying. They are always doing the exact opposite of what they are told to do. Yet, if you ask them what the
        STOCK.XCHNG  -  790 words
    • SPORT
      • 592 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Acting Deputy Foreign Editor ONCE again, if Singapore football wants to taste success on the international stage, it will have to do it the hard way. Qualification for the 2011 Asian Cup hangs by a thread after the Lions were
        JONATHAN CHOO/THE NEW PAPER  -  592 words
      • 906 16  -  kick off with john dykes John Dykes FIFTEEN English Premier League clubs last week bade farewell to players heading for Angola to play in the African Cup of Nations. That they did so served to highlight one of the more significant changes to have taken place in
        906 words
    • GOLF
      • 1109 17  -  Most top professionals are sponsored in some way, whether it’s by their equipment providers or organisations wishing to have their products and brands associated with a particular image or portrayal. By Justine Moss By Justine Moss btnews@sph.com.sg WHEN news of Tiger Woods’ infidelities surfaced last
        AFP  -  1,109 words
    • MOTORING
      • 586 18  -  Korean carmakers Hyundai and Kia had a banner year in Singapore last year and both look like they could repeat their sales success in 2010, starting with two brand new SUV models. By Samuel Ee samuelee@sph.com.sg THE biggest transformation in the auto market this year can seen in
        586 words
      • 578 19 The new Sorento comes with chiselled looks and a face that resembles the best-selling Kia Cerato Forte compact sedan. samuelee@sph.com.sg TO say the original Kia Sorento wasn’t on the shopping list of most car buyers is putting it mildly. Depending on whom you ask, that person either does
        578 words
      • Article, Illustration
        653 20  - ROCK ROLLS The Ghost can be a smooth cruiser or it can also hunker down for a harder drive. By Samuel Ee drive.By Samuel Ee samuelee@sph.com.sg AT A glance, it is difficult to imagine how dynamic the Rolls-Royce Ghost can be from behind the wheel, despite what the ul-tra-luxury carmaker
        ARTHUR LEE  -  653 words




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