The Business Times, 9 December 2010

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Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Thursday, December 9,2010
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  • 755 1  -  Major shake-up sees some firms beef up while others lose top talent By UMA SHANKARI [SINGAPORE] Property firms here are jostling for the best agents as enforcement by new regulatory body the Council for Estate Agencies (CEA) kicks in. Under new rules, agents
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  • 145 1 G ST INDEX 3,202.80 (+10.92) G ST INDEX FUTURES 3,196 (+8.0) G SIMSCI 377.74 (+0.91) G SIMSCI FUTURES 376.80 (+0.80) FOREX US$ S$ US$ (S$ per US$) 1.317 (US$/S$ per 1.571 2.068 EURO (US$/S$/E) 1.322 1.741 Foreign currency per US$ S$ YEN 83.90 63.70 RM 3.148 2.391 HK$
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  • 863 1  -  Industry sources say the pipeline is healthy and some big listings are on the cards By LYNETTE KHOO [SINGAPORE] This year’s great IPO revival is expected to carry its momentum into 2011 with more new listings streaming in. Professionals linked with initial
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  • Page 1 Advertisements
    • 246 1 COEs Premiums shoot to 13-year highs PAGE 2 BizIT One CMS to rule them all at Resorts World PAGE 27 PROPERTY Value of Good Class Bungalow deals hits new record PAGE 11 TRIAL OF LING LIONG SIK M’sia govt to release top secret documents PAGE 13 Luxe Christmas 2010 Rene
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    • 9 1 S-chips still dominate foreign listings on SGX, Page 6
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  • TOP STORIES
    • 470 2  -  Demand boosted by impending cut in next quota for Feb-July 2011 By SAMUEL EE [SINGAPORE] Frenzied bidding seemed to characterise the mood during yesterday’s COE tender as passenger car premiums soared to levels not seen since early 1997. Even before 3pm, Category A,
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    • 610 2  -  Economists expect higher consumer price inflation of 2.9% next year By TEH SHI NING [SINGAPORE] Economists now expect Singapore’s gross domestic product (GDP) to grow 5.1 per cent next year, moderating to just a third of expected growth of 15 per cent this
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    • 518 2 Reuters [SEOUL] North Korea fired artillery shells in a suspected military drill yesterday, spooking markets on an already tense peninsula, as the top US military official warned of more provocations from Pyongyang. South Korea’s military said that an unknown number of artillery shells from the
      Reuters; AFP  -  518 words
    • 626 2 IPO fever expected to keep raging next year THIS year’s great IPO revival is expected to carry its momentum into 2011 with more new listings streaming in. Professionals linked with initial public offerings say that after a seasonally slow December, many companies are raring to go to the
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    • 500 4 WikiLeaks also attacked for ‘attempting to endanger lives of troops, other assets’ [ZURICH] An anonymous group of hackers said yesterday it had launched online attacks to shut down the websites of credit card MasterCard and a Swiss bank that cut off business ties with
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    • 1281 4  -  For Korn/Ferry, headhunting’s now about 2/3 of its business Reports by ANNA TEO [SINGAPORE] For some time now, leading executive search firm Korn/Ferry has made clear that it means to be in more than just the business of C-level recruiting. And after various forays over
      THE BUSINESS TIMES FILE PHOTO  -  1,281 words
    • 528 4 Vast majority unable to tap next growth phase: Korn/Ferry [SINGAPORE] Asia may be poised to lead global growth in the decade ahead, but the business leadership required to drive the change is in extremely short supply, says Korn/Ferry International’s research arm. “Only a
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  • Page 2 Advertisements
    • 176 2 A AY. s HIHIs u World's Finest Serviced Offices A cost effective Serviced Office solution Best address, best receptionist, best IT and support Flexible lease terms starting from one month For less than the cost of a secretary We help businesses succeed Call to arrange a personal tour today! W
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  • Page 3 Advertisements
    • 51 3 I iiM m i i /J r. <<7/ 1910 2010 x if st? StlMIi t s» 1 E ■Bfc iii S? 1111 itfw FABRIC N° 1 A re-edition of the 1910 original, for the modern man I §m&m ill' 0 AN ENDURING PASSION FOR FABRIC AND INNOVATION SINGE 1910 zegna.
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  • Page 4 Advertisements
    • 420 4 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ORIENTAL CENTURY LIMITED (In Creditors’ Voluntary Liquidation) (Co. Reg. No. *****3707R) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the abovenamed Company duly convened and held on the 2nd day of December 2010, the Special
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    • 10 4 Australia says US is to blame, not Assange, Page 17
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  • Page 5 Advertisements
    • 161 5 A rare breed for those in a rare league. The Jaguar XKR and XK. From $375,000. The Jaguar XKR and XK are in a league of their own for those in a league of their own. Constructed with an all-aluminium body for lightness, it gives excellent rigidity with remarkable agility
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  • COMPANY NEWS
    • 712 6  -  They make up eight of 13 flotations; all but two have fallen below issue prices By LYNETTE KHOO CHINESE companies still dominate new foreign listings on the Singapore Exchange (SGX) this year, with S-chips accounting for eight of the 13 flotations. The domination
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    • 431 6  -  By FELDA CHAY GLOBAL Logistic Properties (GLP) said yesterday that it was not a case of non-disclosure of material information when it did not explicitly refer to its non-competition arrangement with US-based ProLogis in its listing prospectus. The clarification was made after BT
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    • 544 6  - Stakeholders agree on audit’s value but demand more now They want auditors to report more on risk and other forward-looking info By MICHELLE QUAH WHILE an audit adds considerable value to business by increasing confidence in financial statements, stakeholders want auditors to do more and give opinions on areas such
      FILE PHOTO  -  544 words
    • 532 9  -  Company expects long-term alumina supply deal to boost profit in Q4 By LYNETTE KHOO IN its first report card since listing, XinRen Aluminium delivered a 5.5 per cent rise in net profit to 80.3 million yuan (S$15.7 million) for the third quarter ended
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    • 325 9 Bloomberg [SINGAPORE] Bets by hedge funds and large speculators on further gains in commodity prices are holding near their highest level in more than four years as gold and copper climb to records. An index tracking speculative positions in 20 commodity futures in the
      Bloomberg  -  325 words
    • 738 9  -  HOCK LOCK SIEW By WONG WEI KONG WHENahighprofilehome-grown company like OSIM International announces that it is planning to issue Taiwan Depository Receipts (TDRs), it does catch the eye. By now, the announcement of TDR listing plans by companies on the Singapore Exchange (SGX)
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    • 365 10  -  Placement accounts for 4.9%; 3.1% goes to unit PT SIMP By FELDA CHAY INDOFOOD Agri Resources (IndoAgri) has sold off its 8 per cent direct stake in PT London Sumatra Tbk (Lonsum), its Indonesia-list-ed palm oil plantation subsidiary, for $183.8 million. The
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    • 339 10  -  By LINETTE LIM KOON Holdings will be spending this Christmas with its pockets fattened by four contracts totalling $45.7 million. The contracts, which were won through three subsidiaries, include a $16 million infrastructure project for a government agency, boosting Koon’s construction order book
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    • COMPANY BRIEFS
      • 123 10 CSC Holdings said that its subsidiary, CS Construction Geotechnic (CSCG), has reached an amicable out-of-court settlement with Penta-Ocean Construction Company (POC). “As a result of the settlement, the suit has been wholly discontinued by POC on Dec 7, 2010 and CSCG has likewise
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      • 116 10 STAMFORD Tyres Corporation reported that its net profit for the second quarter ended Oct 31 fell 15.85 per cent from a year ago to $1.66 million due to foreign exchange losses and increase in staff cost. Revenue rose 7.48 per cent from a
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    • 426 10  -  By CONRAD TAN PACIFIC Andes Resources Development (PARD) is buying a 19.76 per cent stake in Tassal, a leading Austral-ia-listed salmon producer, for A$51.7 million (S$67 million). PARD, which supplies frozen seafood worldwide and is one of the biggest suppliers of frozen fish to
      FILE PHOTO  -  426 words
  • Page 6 Advertisements
    • 112 6 Luxe Christmas 2010 Rene Redzepi was catapulted into the culinary stratosphere when his Copenhagen restaurant Noma beat elBulli to become the world's best restaurant. But rather than create a temple of haute cuisine, Redzepi made his name by serving ingredients found only in his own backyard, ie the lush flora
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  • Page 7 Advertisements
    • 151 7 PASSION. GRIT. DETERMINATION. COMMODITIES LIFT INDONESIA'S RICHEST DECEMBER 2010 WWW.FORBES.COM k. ■Lsia 5) vf -s EXCLUSIVE: WIKILEAKS INTERVIEW BUSINESSMAN OF THE YEAR 1 TAKEOFF TONY FERNANDES CHARTED THE WAY FOR A REGIONAL BOOM IN BUDGET TRAVEL AUSTRALIA A $10.00 INDIA RS 180 KOREA W 8,000 PAKISTAN RS 300 TAIWAN NT
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  • SINGAPORE MARKETS
    • 565 8  -  Modest volume here follows flattish session on Wall Street; sentiment also affected by sell-down in Hong Kong STOCKS VEN SREENIVASAN Senior Correspondent IT was another lacklustre session as market players started closing their books for the year-end and planning for the holidays. Volume was modest, with 1.4
      Source: Bloomberg  -  565 words
    • 4 8 DAILY
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    • 66 8 Dec 8 VALUE CLOSE BT OB/OS 105.00 -60.00 BT CADI -*****.00 -15.00 BT 10-day MA -*****.00 +10.00 FTSE ST Mid Cap 799.33 -1.32 FTSE ST Small Cap 581.20 +2.03 FTSE ST All Share 792.31 +2.09 FTSE ST China Top 295.23 +0.45 FTSE ST China 330.85 -0.20 FTSE
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 5 7 0 0 0 5 5 7 Manufacturing 45 55 69 4 6 6 49 61 75 Commerce 12 20 24 2 2 3 14 22 27 Tpt/Stor/Comms 12 14 17
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    • BROKERS’ TAKE
      • 503 8 Telecommunications Dec 8 close: $3.15 DMG PARTNERS RESEARCH, Dec 8 WE attended SingTel’s eighth regional mobile day in Bangalore last week. The key takeaways from the individual presentations by the senior management teams of its subsidiaries and associates were (i) the positive operational traction within the carriage/mobile businesses (Optus,
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      • 434 8  -  Dec 8 close: $0.185 DMG PARTNERS RESEARCH, Dec 8 Compiled by CONRAD TAN NEWLY listed Mun Siong Engineering, which provides mechanical and electrical engineering services, is well-positioned to ride the strong growth in the petrochemical industry in Singapore, given its strong track record. We expect its net
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    • 123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 81,040 81,040 89,206 89,206 Manufacturing 340,523 24,429 364,952 346,105 839 346,944 Commerce 88,363 12,827 101,190 164,314 1,632 165,947 Tpt/Stor/Comms 97,393 963 98,356 173,477 281 173,758 Finance 17,628 50 17,678 132,373 7 132,380 Construction 26,527 33,618
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    • 113 8 Stock name Close Change CapMallsAsia 1.960 -0.040 CapitaLand 3.680 -0.010 CapitaMall 1.970 +0.010 CityDev 12.580 +0.120 ComfortDelGro 1.520 -0.020 DBS Grp 14.040 +0.020 F&N 6.240 +0.030 Genting SP 2.180 +0.040 Golden Agri 0.775 +0.005 HK Land 7.120 +0.010 JMH 44.620 -0.280 JSH 26.620 -0.120 Jardine C&C
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    • 524 8 CURRENCIES Reuters [LONDON] The US dollar extended gains yesterday on a spike in US Treasury yields as a proposed extension of tax cuts raised growth expectations for the US economy. Traders took their cue as the 10-year US Treasury yield rose to 3.25
      Reuters; BLOOMBERG  -  524 words
    • 54 8 VOLUME Genting SP 135,070,000 Golden Agri 80,983,000 Gallant 67,716,000 Noble Grp 44,821,000 Centillion 31,173,000 SingTel 25,684,000 Yangzijiang 23,257,000 Transcu Grp 22,873,000 FreightLinks 20,725,000 TopGlobal 20,160,000 VALUE($) Genting SP 290,968,460 Noble Grp 96,196,330 SingTel 80,512,741 Golden Agri 62,254,445 Wilmar 61,750,780 IndoAgri 53,023,130 Yangzijiang 45,215,990 SPH 40,935,450 CapitaLand 39,495,800
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    • 110 8 BY CENTS CLOSE UP DBXT MSUSA 10US$ 2905 97.4 2.6 DBXT FTChina25 10US$ 3201 43.4 1.0 Jardine C&C 3756 32.0 0.9 Lyxor MS India 10US$ 1780 29.0 1.3 DBXT S&P Short 10US$ 4676 22.4 0.4 Pru 500US$ 975 21.1 1.7 CityDev 1258 12.0 1.0 Lyxor Malaysia 10US$ 901 10.5
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    • 120 8 BY CENTS CLOSE DOWN GLD 10US$ *****-269.9 -1.5 DBXT iBoxxSing 5SG$ *****-173.0 -1.4 DBXT Nifty 10US$ *****-119.8 -0.7 DBXT SPASX200 10US$ 3290 -90.8 -2.1 DBXT MSKorea 10US$ 5543 -71.1 -1.0 DBXT FTVietnam 10US$ 3408 -68.5 -1.5 JMH 4462 -36.9 -0.6 Lyxor China H 10US$ 1639 -34.2 -1.6 IS S&P500
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    • 5 8 DAILY
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  • Page 9 Advertisements
    • 348 9 Trade lots for less Commodity CFDs. Smaller lot sizes for greater trading flexibility with Saxo. fffl i •liik i J y <•- A W5 ft w K v" I Commodity futures contracts are great for hedging in a volatile market. With Saxo Capital Markets, you can go long or short
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  • Page 10 Advertisements
    • 227 10 5 ON GRATULATIONS TO THE WINNERS OF SPBA 2010 This year, we are proud to acknowledge 51 brands as deserving Winners of the Singapore Prestige Brand Award 2010. Whether B2C, B2B or not-for-profit organisations, these brands have displayed a clear vision and focus in their brand building endeavours to reach
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  • SINGAPORE NEWS
    • 914 11 At least another $100m of GCB deals could be finalised by year-end THE value of Good Class Bungalow (GCB) transactions so far this year has reached nearly $1.85 billion, a new record and up 7.3 per cent from the $1.72 billion worth of
      FILE PHOTO  -  914 words
    • 403 11  -  By SIOW LI SEN BRAZIL’S middle classes are poised to take off and this offers many investment opportunities on the theme of the country’s domestic consumption story, says a BTG Pactual banker. Sovereign wealth funds like the Government of Singapore Investment Corp (GIC), which
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    • 87 11 DEVELOPED over three years to meet rising customer expectations and ad volumes, an $18 million Classified Advertisement Sales Hub (CASH) was launched yesterday by Singapore Press Holdings chairman Tony Tan (left). The new system is easier to use than its 26-year-old predecessor and can handle all types
      LIANHE ZAOBAO  -  87 words
    • 342 11 MEDIA agencies in the U K and Singapore are joining hands for the second time in a year to help finance more productions in the two countries, The latest agreement between the Media Development Authority of Singapore (MDA) and Britain's South West Screen will
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    • 570 11  -  Volumes, prices up on Europe’s cold snap, China demand By RONNIE LIM “IT’S time to go on vacation,” said an oil trader here who has signed off for the year one which he described as pretty much lacklustre with not many trading
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    • SINGAPORE ROUNDUP
      • 54 11 HOMEGROWN startup Ney-Li and the Agency for Science, Technology and Research (A*STAR)’s Institute of Microelectronics (IME) will start working together to develop safer and more energy efficient power conversion devices. The partnership will tap on IME’s integrated circuit design mastery and Ney-Li’s application
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      • 70 11 A RECORD 72 nominations were received for the Lee Kuan Yew Water Prize 2011. This marks a 38 per cent jump from the year before, announced the Singapore International Water Week yesterday. The award was first launched in 2008 to recognise individuals
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      • 62 11 TWO Indian banks, UCO Bank and Indian Bank, have joined the Credit Bureau (Singapore) as associate members. The banks will benefit by enriching their risk management practices and having the means to make faster and more informed lending decisions. In turn, data from
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    • 281 11  -  By LINETTE LIM MORE than half of the organisations here expect a significant increase in competition for key talent on the back of a rebounding economy, according to a recent survey. Only one per cent of Singapore firms said they were still
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  • Page 11 Advertisements
    • 28 11 ARTS MAMAS Highly-qualified Indian women turn successful ‘eventpreneurs’ in Singapore CARLA CLASS French president’s wife dazzles Delhi GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)
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  • ECONOMY WATCH
    • 639 12  -  2.4-2.6% growth seen for 2010 even as domestic, export demand weakens By ANTHONY ROWLEY JAPAN’S Minister for Economic and Fiscal Policy Banri Kaieda acknowledged yesterday that the nation’s economy had slowed down in the third quarter of this year, while a raft of
      AFP  -  639 words
    • 452 12 [BERLIN] Germany’s trade surplus narrowed slightly in October on an unexpected fall in exports, but demand for foreign goods was robust and economists saw no reason to doubt the country’s recovery. Adjusted for seasonal swings, exports fell 1.1 per cent on the month, while
      REUTERS  -  452 words
    • 668 12 Stocks give up gains after Obama vows to overhaul tax code Bloomberg [WASHINGTON] President Barack Obama’s agreement to extend Bush-era in-come-tax cuts may give US economic growth a boost while reducing pressure on the Federal Reserve to prolong its US$600 billion
      Bloomberg  -  668 words
    • 302 12 Seven-day collateral lending rate lowered to 4.5% Bloomberg [REYKJAVIK] Iceland’s central bank cut its benchmark interest rate by one percentage point after inflation eased to the slowest pace in more than six years as demand slumped and capital controls supported the krona. Sedlabanki lowered the seven-day
      Bloomberg  -  302 words
    • 487 12 It adds to concern over fund inflows as forex reserves are at a low level Bloomberg [HANOI] Vietnam said it received US$7.9 billion in pledges of grants and low interest loans, a decline from the previous year’s figure that may fan concern the
      Bloomberg  -  487 words
    • 236 12 Bloomberg [HELSINKI] Finland’s banks may risk destabilising the economy of the northernmost euro member by allowing household credit to grow too fast, the central bank said. Growing household debt “puts the national economy into an ever more vulnerable situation, if interest rates rise or
      Bloomberg  -  236 words

  • MALAYSIA/INDONESIA
    • 508 13  -  The Cabinet papers detail planning and origins of Port Klang Fee Zone project By S JAYASANKARAN MALAYSIA’S Attorney-Gen-eral yesterday said that he would share top secret Cabinet documents with the defence in the trial of former transport minister Ling Liong Sik who
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    • 431 13 Reuters [JAKARTA] Indonesia’s government forecasts coal output will increase by 19 per cent next year as drier weather enables miners to ramp up production amid growing regional demand, a senior mining official said yesterday. Indonesia, the world’s top thermal coal exporter, is seen producing
      Reuters; REUTERS  -  431 words
  • Page 13 Advertisements
    • 241 13 LANGHAM PLACE MONGKOK, HONG KONG YOUR 3 rd SUITE NIGHT IS ON US! HONGKONG.LANGHAMPLACEHOI a A It KJ- A STAR ALLIANCE MEMBER THAI SO 1960-2010 Exclusive all-in MasterCard® Fares from: FIRST CLASS *5653 Royal First. Royal Silk. Majestic in Every Way. Frankfurt, London, Madrid, Milan Munich, Paris, Rome, Zurich BUSINESS
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  • GREATER CHINA
    • 524 14 China Dangdang Youku.com raise 23% more than originally sought Bloomberg [NEW YORK] E-Commerce China Dangdang Inc and Youku.com Inc raised as much as 23 per cent more than originally sought in their US initial public offerings, the latest sign of surging demand for
      Bloomberg; BLOOMBERG  -  524 words
    • 509 14 AFP [BEIJING] A Chinese government think-tank has warned inflationary pressures are building in the economy and consumer prices will remain “relatively high” in 2011, amid growing expectations of a rate hike. The Chinese Academy of Social Sciences (CASS) also cautioned that the world’s second-largest economy
      AFP; REUTERS  -  509 words
    • 396 14 AFP [BEIJING] China and Laos will begin construction early next year of the first high-speed rail line between the two countries, a report said yesterday, as part of a project to link China and South-east Asia. The bullet train rail line will be completed around
      AFP  -  396 words
    • 682 14 It warns of crisis of confidence if Kyoto Protocol is rejected Reuters [CANCUN, Mexico] China will insist on keeping its greenhouse gas output free of any binding climate treaty fetters, a senior Chinese diplomat said on Tuesday, dismissing an earlier report that suggested a
      Reuters  -  682 words
    • 415 14 And the Confucius Peace Prize goes to a former Taiwan VP Reuters [BEIJING] China will award its answer to the Nobel Peace Prize a day before it is bestowed upon jailed Chinese dissident Liu Xiaobo, giving the “Confucius Peace Prize” to
      Reuters  -  415 words
  • Page 14 Advertisements

  • INDIA
  • Page 15 Advertisements
    • 19 15 IT'S HERE! ..ill 3G 2:40 PM LDRDinG... d GET THE FREE 9I.3FM APP NOW! Available on the App Store
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    • 493 15 S2V!t2 Molds thrive multiply Keep dry stop mold in this rainy season! with no vita Dehumidifiers Molds grow in all homes and flourish with excessive moisture, high humidity and especially with abundant rainfall. Growing on almost any surface, they cause severe damage to valuables such as musical instruments, camera equipments,
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  • WORLD
    • 416 16 Ten-year yield tops 3% for first time in seven months amid rising uncertainties Reuters [LONDON] Yields on German government bonds, normally seen as a safe haven by investors, rose yesterday as deepening uncertainty over how to stem the eurozone’s debt crisis hit even
      Reuters  -  416 words
    • 401 16 Reuters [BRUSSELS] The European Commission (EC) has launched a public consultation on how to improve competition in mobile phone roaming services in the 27-nation European Union bloc, it said yesterday. The European Union’s executive, which regulates telecom services in the EU, said despite existing
      Reuters  -  401 words
    • 366 16 Bloomberg [LONDON] Snow and freezing temperatures caused UK shoppers to desert town centres last week, dealing a blow to stores at what is traditionally their peak time of year, according to research company Synovate. The number of shoppers at non-food stores was
      Bloomberg; REUTERS  -  366 words
    • 468 17 Rudd says leaks raise questions over adequacy of US security over cables Reuters [BRISBANE] The Australian government yesterday blamed the United States, not the WikiLeaks founder, for the unauthorised release of about 250,000 secret US diplomatic cables and said that those who
      Reuters  -  468 words
    • 393 17 AFP [PARIS] Eric Cantona’s bid to destroy global banking failed on Tuesday as his French compatriots ignored his call to withdraw cash en masse and it emerged his actress wife had starred in a television bank advert. The wealthy ex-Man-chester United star warned
      AFP  -  393 words
    • 348 17 May 6 crash exposes flaws in vast trading network Reuters [WASHINGTON] A congressional panel will explore how to better protect US capital markets after the May 6 crash that rocked investor confidence and exposed flaws in the vast trading network. Top regulators
      Reuters  -  348 words
    • 397 18 But high wedding season prices in India slow trading Reuters [SINGAPORE] Jewellers and investors flocked to the physical market yesterday after bullion prices slipped from an all-time high around US$1,430 an ounce because of a firmer US dollar, keeping premiums steady in
      Reuters  -  397 words
    • 398 18 Focus falls on firms that help investment managers meet industry experts Reuters [NEW YORK] Federal authorities have expanded an investigation into insider trading on Wall Street, bringing to more than one dozen the number of subpoenas sent to hedge funds and other
      Reuters  -  398 words
    • 367 18 Bloomberg [HO CHI MINH CITY] Cof-fee-producing countries are expected to earn a record US$16.5 billion from exports in the 2010 calendar year because of rising prices, even as volumes decline, the International Coffee Organization said. “The US$16.5 billion is not definitive yet, it is
      Bloomberg; AP  -  367 words
  • Page 16 Advertisements
    • 305 16 iA<i€L& t li i A (l R/L i A t m a A Celebrate this joyous season with SPH and MasterCard®! Enter into the Christmas spirit and select your festive treat when you subscribe to a 6-month newspaper subscription for yourself or send it as a gift to your loved
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  • Page 17 Advertisements

  • Page 18 Advertisements
    • 259 18 KnightFrank.com.sg kllliney 118 Premier Address Perfectly Poised for Urban Living Freehold, Prime District 9 2 mins walk to Orchard Exclusive 30 units of 1 2 BR Fully Fitted Kitchen with designer brands OPEN FOR BOOKING NOW! Visit our Sales Gallery at Amara Hotel Lobby, 165 Tanjong Pagar Road Open daily
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  • AVIATION
    • 536 19 Bloomberg [PARIS] Air France-KLM Group’s plan to regain lost market share on short-haul routes may pitch Europe’s largest carrier into a battle with EasyJet plc over the Mediterranean port city of Marseille. Air France may begin services from the se-cond-largest French city
      Bloomberg  -  536 words
    • 282 19 Bloomberg [MELBOURNE] Qantas Airways Ltd’s grounding of its Airbus SAS A380 fleet after an engine explosion may cost A$207 million (S$266.8 million), analysts at Bank of America Corp’s Merrill Lynch unit said. The estimate includes A$137 million for lost revenue at Australia’s largest
      Bloomberg  -  282 words
    • 149 19 AFP [SYDNEY] Passengers on a Qantas flight were delayed yesterday when the pilot reported difficulties in getting one passenger on board a cheetah. “We’re sorry for the delay, but we’re having some problems loading the cheetah,” the pilot reportedly told passengers on board the domestic flight
      AFP  -  149 words
    • 616 19 It plans to expand capacity of its old airport to 90m passengers by 2018 AFP [DUBAI] Dubai Airports said on Tuesday that it may delay the scheduled March launch of a passenger terminal at a new airport, as it unveiled plans to
      AFP; BLOOMBERG  -  616 words
    • 3264 19 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 KU6458 1425 SQ458 1425 EY473 1940 VA7473 1940 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 MU8213 1830 QF81 1830 Ahmedabad NH6292 1850 --SQ530
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    • 4231 20 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
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  • Page 19 Miscellaneous
    • 341 19 CRYPTIC CROSSWORD Across 9 A story containing very little that’s dynamic (5) 10 Noticing changes, getting round in disguise (9) 11 European bar keeps heavy drinker outside (7) 12 Arrogant type at university joining society, loose woman (7) 13 Money put into education (5) 14 One coming in settles public
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  • Page 20 Advertisements
    • 27 20 Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES
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  • SHIPPING
    • 436 21 More must be done to target the pirate leadership, interrupt money flows: official Reuters [LONDON] Pirates off the coast of Somalia cannot be defeated from the sea alone, a senior naval commander said on Tuesday, saying they pose a threat to trade across
      Reuters; AP  -  436 words
    • 374 21 Bloomberg [LONDON] Commodity-shipping rates, down 22 per cent last month, may gain after flooding in Australia disrupted coal exports, potentially forcing buyers to look further afield for supplies, Arctic Securities ASA said. Australia had its wettest Septem-ber-to-November spring on record, according to the Bureau
      Bloomberg  -  374 words
    • 259 21 Scomi, others sign MOU with Indian university Bernama [NEW DELHI] Malaysia is poised to be a world class professional maritime training centre, under a private initiative to plug the worldwide shortage of seafarers. Scomi Marine Bhd, along with Port Klang Free Zone (PKFZ) and
      Bernama  -  259 words
    • 302 21 AP AFP [BUENOS AIRES] A cruise ship carrying 160 people on a return trip from Antarctica lost power in one of its engines on Tuesday in rough weather, the Argentine navy said. Crews were later able to fix the problem and the ship was
      AP; AFP  -  302 words
    • 278 21 SGX '000 Dec 8 S$ +/-Vol CH Offshore 0.47 -0.01 146 Chuan Hup Hldg 0.23 0.01 65 Cosco Corp 2.14 unch ***** CWT Ltd 0.97 unch 1377 Ezra Hldgs 1.65 -0.01 5496 First Ship Lea 0.44 unch 130 Freight Links 0.08 unch ***** Grand Banks unch unch 0
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  • EDITORIAL & OPINION
    • 520 22 EDITORIAL EXCHANGE traded funds (ETFs) are an investment vehicle whose time has come. Globally, ETF growth has exploded as an increasing number of investors turn to an instrument that offers market exposure at a relatively low cost. According to data compiled by BlackRock which
      520 words
    • 784 22  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator THE ruling party of President Ma Ying-jeou in an election carefully watched in Beijing managed to win three of five mayoral races in Taiwan, reversing a losing streak in
      784 words
    • 1083 22  -  Asian monetary union is essential to lessen dependence on an overstretched US dollar ANTHONY ROWLEY Tokyo Correspondent EURO-BASHING is very much in vogue at the moment even among those who looked to Europe as a possible model for eventual economic or political
      BLOOMBERG  -  1,083 words
    • 1054 23  -  Cell phones’ growth makes it easiest way for non-profit organisations to connect to largest number of potential givers By EMMANUEL ALLIX The writer is vice-president managing director, Asia-Pacific, InMobi, an independent mobile advertising network AFTER a devastating earthquake hit the island nation of Haiti in
      REUTERS  -  1,054 words
    • 773 23  -  By LEE KUAN YEW The writer is Minister Mentor of Singapore. This commentary was sourcedfrom the Dec 20, 2010 issue of Forbes Asia DURING the last three decades, China’s economy has grown at the phenomenal rate of 10 per cent per year,
      AFP  -  773 words
    • 633 23  -  LETTER TO THE EDITOR Mak Yuen Teen Associate professor NUS Business School I REFER to the commentary, “If ASX raises the listing bar, will SGX follow?” (BT, Dec 7), regarding the tightening of the listing rules of the Australian Stock Exchange (ASX) proposed by
      633 words


  • SINGAPORE STOCKS
    • 8954 24 Transaction date: Dec 8 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 21 14.5 3148 8Telecom 18.5 unch 13 18.5 18 18 18.5 1.7 9.8 5.9 88.6 12 4.5 5834
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    • 1646 25 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 7 4 1181 t AA Grp 5 4 5 27.8 4.8 225 130 6222 t APStrategic 163 -2 11 163 160 162
      1,646 words
    • 9436 25 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.31/ APS Alpha Fund (USD)!** 1.01/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM
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    • 872 25 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 $mil 124 107 6389 ABF SG Bond ETF 114 109.5 113.5 520.4 1056 761 CIMBAsean40 100US$ US1004 -6 65 1006 1004 1008 1012 40.2 335
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    • 259 25 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 $mil 56 38 6000 AVJennings A46.5 -1 2 46.5 46.5 47.5 50.5 3.6 7.5 3.7 121.1 55 16 6017 Genting HK US$ US44 unch ***** 44.5
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  • FINANCE & COMMODITIES
    • 374 26 In local curr In S$ In US$ dy yr dy yr dy yr Dec 7 Index Change Change Change Change Change Change World Index Preliminary 883.5 0.5 6.1 0.4 -0.5 0.6 7.1 EAFE Preliminary 794.7 0.5 1.3 0.7 -4.6 0.8 2.8 Europe Preliminary 1163.3 0.8
      374 words
    • 121 26 Dec 08 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.332 1.257 Can dollar 1.32 1.27 Euro 1.77 1.702 Sterling pound 2.102 2.022 NZ dollar 1.019 0.971 US dollar 1.33 1.279 Local dollars to 100 units of foreign
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    • 27 26 Dec 8 Open High Sett STI Dec 3196 SIMSCI Dec 376.9 378.0 376.8 Taiwan Dec 310.1 311.5 309.1 Source: MF Global (S) Pte. Ltd
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    • 65 26 Dec 8 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 10 3700 3609 3700 3560 319 1199 Jan 11 3639 3635 3650 3570 1680 ***** Feb 11 3588 3594 3609 3525 ***** ***** Mar 11 3550 3555
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    • 149 26 Dec 8 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jan 11 454.0 450.0 452.8 84 Feb 11 454.0 454.0 454.0 10 Mar 11 454.0 Apr 11 452.5 May 11 453.5 452.5 452.5 8 Jun 11 453.5 452.5 452.5
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    • 88 26 Dec 8 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 10.03.2011 0.35 1-Year BY*****N 01.11.2011 0.40 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 103.76 103.80 103.76 5-Year N*****0S 2.875 01.07.2015 106.84 106.90 106.65
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    • 180 26 Dec 8 $S Offer Bid 0vernight 0.03 PAR 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.06 US$ Offer Bid 7 days 0.35 0.25 1 month 0.42 0.32 2 months 0.45 0.35 3 months 0.48 0.38 6 months 0.57 0.47 9 months 0.80 0.60 12
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    • 24 26 Dec 8 S$ Bid Offer 1-month 1.3165 1.3167 2-months 1.3165 1.3167 3-months 1.3165 1.3167 6-months 1.3165 1.3169 Source: OCBC Source: OCBC
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    • 109 26 Dec 7 Dec 7 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 11 1285.50 1288.50 1303.25 1282.25 Mar 11 1294.25 1295.25 1310.50 1290.00 May 11 1297.75 1297.00 1312.00 1292.75 Jul 11 1299.75 1298.50 1314.00 1294.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec
      109 words
    • 77 26 CRUDE OIL PRODUCTS Dec 7 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 91.31 -0.19 WTI (Near Mth) 88.59 -0.69 Dubai (1-Mth F) 88.96 1.24 Tapis blend 96.65 0.85 Minas 92.35 1.10 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 93.06 0.23 Jet Kerosene 103.25 -0.85 US$/barrel Opec Oil
      77 words
    • 2317 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 1.5 unch 4460 1 3 -10 3.33 0 AFP Properties EW*****8 31.5 -0.5 241 1 10 -5 1.38 59 6221 Asia-Pacific Strategic W*****6 35 1
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    • 424 26 Dec 8 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6850 0 7395 Mar11 99.5450 0 7121 Jun11 99.4250 0 3729 Sep11 99.3150 0 1441 EUROYEN TIBOR FUTURES Dec10 99.6600 165 4589 Mar11 99.6325 99.6325 99.6325 99.6400 202 1650 Jun11 99.6200 0 1379 Sep11 99.6050 5
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    • 464 26 Dec 8 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.991 6.523 0.741 7.612 44.210 88.416 0.822 11.240 3.084 1.304 83.987 42.912 1.290 6.807 0.969 29.580 29.550 0.624 0.980 Canada 1.009 6.581
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    • 85 26 Dec 8 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 154 26 Dec 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2898 1.2906 0.9797 0.9802 Canadian dollar 1.3013 1.3022 0.9884 0.9890 Euro 1.7405 1.7411 1.3221 1.3223 NZ dollar 0.9884 0.9899 0.7508 0.7518 Sterling pound 2.0680 2.0688 1.5708 1.5712
      154 words
    • 139 26 Dec 8 GOLD (US$/oz) Dec 07 Dec 08 Hong Kong 1421.80 1395.00 Dec 06 Dec 07 London 1417.40 1414.50 1418.30 1415.40 Source: Thomson Reuters CAST BAR Dec 08 (S$) Selling Buying Kilobar 63,146.05 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 141 59 5gm 402 295 10gm 717
      139 words
    • 69 26 Dec 7 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2285.00 2285.75 3 months 2305.00 2305.00 Copper, Grade A (US$/tonne) Cash 8910.25 8815.50 3 months 8880.00 8769.50 Lead (US$/tonne) Cash 2377.75 2328.00 3 months 2400.00 2351.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • 82 26 Dec 7 COCOA (£/tonne) Close Prev High/Low Dec 10 2038 2041 2083/2026 Mar 11 2038 2045 2081/2020 May 11 2051 2060 2094/2035 Jul 11 2063 2077 2109/2056 COFFEE (US$/tonne) Close Pev High/Low Jan 11 1875 1860 1893/1865 Mar 11 1877 1860 1896/1861 May 11 1892 1876 1912/1875 Jul 11
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  • BizIT
    • 986 27  -  Mobility and cloud, among others, will drive market, says AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY IN the coming year, the information and communications technology (ICT) sector in Singapore and Asia-Pacific excluding Japan (APEJ) will be defined by sustainable growth and, in
      986 words
    • 595 27  -  The latest technology can lead to consumerisation of healthcare, says Ovum By RAJU CHELLAM If 2010 was the year most companies emerged from the recession, 2011 will be the year when most companies begin supporting corporate applications on employeeowned notebooks, netbooks, tablets and smartphones.
      595 words
    • 473 27  -  By AMIT ROY CHOUDHURY IN what could be a boost to NFC (Near Field Communications) applications, for which Singapore has issued a Call for Collaboration (CFC), NXP Semiconductors has announced that its NFC software stack will be integrated into the newest generation of phones
      473 words
    • 975 27  -  By VICTORIA HO RESORTS World Sentosa’s (RWS) slogan “one card, one customer, one resort” is catchy, but it’s also a tall order for an IT system which has to enable information flow across the $6.59 billion integrated resort. The scale and
      975 words

  • PROPERTY
    • 1211 28 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED One Shenton Apt 15/11/2010 99 850 1650 1941 One Shenton Apt 10/11/2010 99 936 1741 1860
      1,211 words
    • 378 28 They are 14% higher from earlier quarter, led by Singapore, Australia and China Reuters [BEIJING] Direct commercial property transaction volume in Asia-Pacific reached US$18.2 billion in the third quarter, up 14 per cent from three months earlier, led by Singapore, Australia and China, Jones
      Reuters; BLOOMBERG FILE PHOTO  -  378 words
    • 701 29 Shanghai Greenland to invest 30b yuan on 606m-high, 3 m sq m development Bloomberg [SHANGHAI] Shanghai Greenland Group said it will invest 30 billion yuan (S$5.9 billion) to develop the world’s third-tallest building in Wuhan and reported revenue that will help rival the nation’s
      Bloomberg  -  701 words
    • 525 29 NYT [NEW YORK] DURING the worst of times at his Brooklyn apartment, in the winter after the hot water was shut off and the ceiling caved in and the floor buckled because of incessant leaks, Julio Yanez resorted to desperate measures to
      NYT  -  525 words
    • 544 30 Low interest rates and a lack of new supply cited for 2011 projection Bloomberg [HONG KONG] Hong Kong’s luxury home prices, which have gained more than 60 per cent since early 2009, may rise as much as 15 per cent in
      Bloomberg; AFP  -  544 words
    • 593 31 Six in 10 say it’s at least 2 years away; 33% blame flawed lender practices Bloomberg [SAN FRANCISCO] Almost six in 10 US adults say that a housing recovery is at least two years away, and more than a third say that flawed lender
      Bloomberg; BLOOMBERG FILE PHOTO  -  593 words
    • 529 32  -  They include PoMo, Tanglin Shopping Centre, bank branch and petrol stations By EMILYN YAP THINGS may be slowing down as the year comes to a close but activity in the property market remains vibrant with a number of assets PoMo, Tanglin Shopping Centre, petrol stations and
      529 words
    • 243 32 Reuters [BEIJING] China’s property prices will probably edge down in 2011 as authorities remain committed to squeezing speculators out of the market, mainly via monetary tightening steps, a top government think-tank said yesterday. Developers are expected to cut prices in the
      Reuters  -  243 words
  • Page 28 Advertisements
    • 124 28 For Sale By Tender TS19-*****KTS19-*****PTS19-*****T TS19-*****N TS19-*****W TS19-*****W TS19-*****N TS19-*****C TS19-*****X MACKENZIE ROAD TS19-*****N TS19-*****T Global Real Estate (Asia) Pte Ltd 490 Lorong 6 Toa Payoh #09-15 Singapore *****0 Mackenzie Mansions (District 9) Site Area 12,890 sq ft MP 2008 Zoned ‘Residential’ Freehold Plot Ratio 2.1 (24m AMSL) Residential Apartment
      124 words

  • Page 29 Advertisements
    • 290 29 FOR SALE BY TENDER Lion City Hotel Hollywood Theatre Site Freehold Redevelopment Site For a mix of Residential and Commercial Development up to a GPR of 3.39 Site Area: 13,741.2 sq m (147,909 sq ft) Master Plan Zoning: Hotel/Commercial At the fringe of Proposed Paya Lebar Central Sub-regional Centre Within
      290 words
    • 229 29 NEW LAUNCH CAIRNHILL (D.9) 20 storey freehold development. Within walking distance to Orchard Shopping Belt and Newton MRT. I km to ACS (Junior) and reputable international schools. l/2/3/4/PH (from 527 sq ft-6,060 sq ft) Deferred Payment Scheme Available Call VenizKwong 9455 6592 Katherine Low 9625 1123 CB RICHARD ELLIS SOLARIS
      229 words

  • Page 30 Advertisements
    • 490 30 2B j-w 3^ jtu "1 ■K r Wl MB k*lt lil'-| <M- SPECIAL PACKAGE TROPICANA GRANDE Located in Tropicana Golf Country Resort, Petaling Jaya, Malaysia, a bustling commercial hub that is second to Kuala Lumpur, the capital city of Malaysia. Every unit with golf course view Private lift lobby 11
      490 words

  • Page 31 Advertisements
    • 248 31 Sf G FOR SALE BY EXPRESSION OF INTEREST Rzai vaiut in a changing woru PoMo -1 Selegie Road, Singapore Retail I Commercial building Awarded BCA Green Mark Platinum Award Site Area: 43,027 sq ft GFA: 234,996 sq ft NLA: 182,060 sq ft 143 Car parking lots Corner location close to
      248 words

  • Page 32 Advertisements
    • 16 32 Jewelry Collection, white gold and diamond rings. Sold exclusively in Louis Vuitton stores. Tel. 6788 3888
      16 words
    • 264 32 THE WORLD OF LUXURIOUS REAL ESTATE Quillion builds multi million dollars investment property portfolios for people who want to invest in their future MAGNIFICENT PENTHOUSES Marina Bay Residence 10,000sf of class elegance in this sumptuous 5Xth fir penthouse of panoramic views of Singapore. Ardmore Pk Singapore most desirable address, 8,700sf
      264 words