The Business Times, 18 December 2010

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Microfilm: NL30984
Total Pages: 46
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    18 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg DECEMBER 18 -19, 2010 S$1.00 MICA(P) 139/08/2010 sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • Article, Illustration
    Lock icon The crusader with a leaky cape
    888 1  -  Assange on bail is a man with a superhero complex and a study in irony By Joyce Hooi joyceh@sph.com.sg Singapore JhisLetdayteovULIAN Assange has for now put his nine-day jail stint behind him. Let out on bail in London on Thursday but shackled to the
    REUTERS  -  888 words
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      212 1 the business www.businesstimes.com.sg the raffles conversation STEVE ELLIS, BOSS OF BAIN Co 10-11 MOTORING 77 heaven L18 MONEY SENSE Pickingthe right investment portfolio 30-31 singapore exports Biggest monthly fall in 8 years SINGAPORE’S key non-oil domestic exports in November took the biggest monthly plunge in eight years. 2 euro woes
      212 words
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  • TOP STORIES
    • Article
      Lock icon MARKETS
      139 2 G STI 3,153.01 (+5.34) G STI FUTURES 3,147 (+5) G SIMSCI 372.79 (+1.68) G SIMSCI FUTURES 371.70 (+2.00) STOCKS Friday Change KL COMP 1,499.88 +2.36 NIKKEI 225 10,303.83 -7.46 HANG SENG 22,714.85 +46.07 SET 1,022.46 -7.14 JAKARTA 3,581.56 +9.83 MANILA 4,057.33 +17.93 KOSPI 2,026.30 +17.06 SHENZHEN B 854.09 +1.91
      139 words
    • Article, Illustration
      Lock icon Biggest monthly fall for S’pore non-oil exports in eight years
      643 2  -  12.9% Nov plunge comes in below market expectations By Chuang Peck Ming peckming@sph.com.sg Singapore IT’S worse than anything seen even in the 2008-2009 Great Recession. Singapore’s key non-oil domestic exports (NODX) in November took the biggest monthly plunge in eight
      Source: IE. Singapore  -  643 words
    • Article, Illustration
      Lock icon PRETTY IN PINK FOR SWEET CHARITY
      156 4 THEY may be young, but their hearts are in the right place. Over 140 young performers aged seven to 19 put on a sparkling show yesterday at ChildAid 2010, a charity concert that raises funds for the Straits Times School Pocket Money Fund and
      PHOTO: YEN MENG JIIN  -  156 words
    • Article
      Lock icon IBM to help S’pore make smarter decisions
      441 4  -  It also intends to drive research tie-ups with institutes, universities By Amit Roy Choudhury amit@sph.com.sg Singapore IBM yesterday announced an agreement under which it will work with several key government agencies, including the Singapore Economic Development Board (EDB) and the Land Transport Authority
      441 words
    • Article, Illustration
      Lock icon Ireland’s credit rating slashed by 5 notches
      598 6 Stunning move by Moody’s comes amid European Union summit meeting Reuters AP Brussels RATINGS agency Moody’s gave an emphatic thumbs-down yesterday to Europe’seffortstoresolve adebt crisis,slashing Ireland’s credit rating as EU leaders failed to take new action to prevent market turmoil from spreading. Moody’s
      Reuters; AP; BLOOMBERG  -  598 words
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      61 2 CONTENTS NEWS Top Stories 2-6 Week In Review 8 Raffles 10-11 Companies 12-14 From The Desk Of 15 Singapore 16-17 World 19-20 Stocks Stats 21-25 Perspective 26-27 Wealth 28-29 Smart Money 30-31 Show Me Money 33 Househunt 34 Real Estate 35 LIVING Dining L2-5 Shopping L6-7 Weekend With L8 Watches
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  • Page 2 Miscellaneous
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      194 3 Discover a new dimension of fine living 4 M -r «1$, ■m v. 4- I ■V* I II £3 Mi m EaiAiS 45 -v E r*i V 5^3 aw HE <* V 2 vt Launch of New Elan Tower Visit our new showflat at Amber Road roundabout Open daily from
      194 words
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      108 4 m a? i/iii,, COMPLIMENTARY ROUND OF GOLF AT SWISS-GARDEN GOLF RESORT SPA DAMAI LAUT 1 COMPLIMENTARY NON MOTOREED ACTMTIES COMPLIMENTARY TELEMATCHES FOR MEETING PACKAGES FROM SUNDAYS TO THURSDAYS FROM s$ 86 PER ROOM PER NIGHT AT SWISS-GARDEN, BUSINESS AND PLEASURE DO IN FACT, MIX PRETTY WELL. MEETINGS SEMINARS TEAM BUILDINGS
      108 words
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      126 5 X' A Performance Motors Limited pml.com.sg/bmw/ motorcycles //r Sheer Riding Pleasure j T§ POWER MEETS STYLE. NOW THAT'S A FORMULA. Unleash a burst of raw power that will make the road tremble. The new BMW K 1300 S will leave others in it's wake thanks to an aerodynamic body and
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      116 6 B V B V LG A R I MAN MASCULINE CHARISMA BVLGARI MAN WINNERS' CIRCLE BVLGARI MAN rewards your expression of luxury, refinement and elegance. Congratulations for winning in the BVLGARI MAN Contest Draw! BVLGARI SOTIRIO TIMEPIECE WORTH $10,400 (GRAND PRIZE) Winner: JIMMY LIM SXXX2670J BVLGARI MAN EAU DE TOILETTE
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      121 7 CEEE> L=HTV 1AMSUN Presenting yet another 3D blockbuster 3 > r SAMSUNG 1 k 1 in Get BONUS Shrek Blu-ray 3D movie collection in addition to Monsters vs Aliens 3D Starter Kit when you buy any Samsung 3D TV* 5 Blu-ray 3D movies 4 pairs of 3D glasses TOTAL BUNDLE
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK | Dec 13-17, 2010
      • Article
        Lock icon High-specs industrial, office rental gap grows
        50 8 THE rental gap between office and high-specs industrial space has widened, with the commercial property sector picking up at a faster pace last year. But consultants say that the difference has not become large enough to drive companies out of the central business district.
        50 words
      • Article
        Lock icon MAS discourages banks from offering ‘hold-mail’ service
        49 8 A KEY private banking service called hold mail could be under threat, with Singapore’s regulator discouraging its use. Private banks generally charge US$500 a year for the service, which places all correspondence relating to a client’s account at the bank for safekeeping.
        49 words
      • Article
        Lock icon Mass may figure in CBD’s office equation
        62 8 THE Urban Redevelopment Authority is understood to be reviewing whether a critical mass of office space should be safeguarded in the Central Business District to accommodate Singapore’s growth as a financial and business hub. Market watchers say that the outcome could affect office
        62 words
      • Article
        Lock icon High Notes investors laid low in court battle
        57 8 MORE than 200 investors have failed to recoup the $18 million they lost when their DBS High Notes 5 were devastated by the collapse of Lehman Brothers. The High Court has decided against the 21 investors who brought the action against DBS
        57 words
      • Article
        Lock icon 2010 morsels whet M&A appetite
        33 8 COMPANIES have gone on a shopping spree for acquisition targets, despite the higher price tags. This uptick in M&A activities is expected to continue into the new year.
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      • Article
        Lock icon Orders zoom in for new $1.5m Lamborghini
        58 8 THE good times are back and as proof, over 50 units of the latest $1.5 million Lamborghini model have been ordered in the space of a few months overtaking last year’s sales of the Italian super sportscar’s entire range here. The LP700-4 is
        58 words
      • Article
        Lock icon Hot home sales raise odds of govt cooling
        61 8 DEMAND for new private homes rose again in November, despite the measures to cool the property market announced barely three months ago. The number of units sold by developers in the first 11 months of this year has already set a new
        61 words
      • Article
        Lock icon Job machine skips a beat, but still humming
        50 8 SINGAPORE’S job creation machine was still humming in the third quarter, but not as strongly as earlier thought. Ministry of Man- power numbers show that 20,500 jobs were added to the economy less than the 24,100 that it had estimated at end-October.
        50 words
      • Article
        Lock icon SGX clears first takeover hurdle, but more await
        60 8 THE Singapore Exchange has cleared the first hurdle in its quest for a takeover of the Australian Securities Exchange, getting the nod from the Australian competition regulator. Many more hoops, however, await in the form of a review by Australia’s Foreign Investment
        60 words
      • Article
        Lock icon 11,849 homes left unsold in launched private projects
        64 8 DEVELOPERS are sitting on close to 12,000 unsold units in private residential projects that have already been launched. Data collated from the Urban Redevelopment Authority shows that as at end-No- vember, developers had a stockpile of 11,849 units in projects where marketing
        64 words
      • Article
        Lock icon Law firms open doors as opportunity knocks
        42 8 FACING increasing competition from foreign law firms, more local law firms this year have begun frontloading annual bonuses into larger monthly salaries to sweeten pay packages a trend that’s likely to continue through next year.
        42 words
      • Article, Illustration
        Lock icon Good-class bungalows join the party as auctions raise cheer
        83 8 PROPERTY auctions went more upmarket this year, with several good class bungalows going under the hammer and a changing breed of buyers bidding to snap up real estate. In all, the value of properties sold at auctions rose 33 per cent
        FILE PHOTO  -  83 words
    • NEXT WEEK | Dec 20-Dec 24
      • Article
        Lock icon US DATA
        27 8 Dec 22 Q3 GDP Third Estimate Nov Existing Home Sales Dec 23 Nov Personal Income Nov Personal Spending Nov Durable Orders Nov New Home Sales
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      • Article
        Lock icon SINGAPORE DATA
        8 8 Dec 23 Nov Consumer Price Index
        8 words
      • Article
        Lock icon EVENTS
        53 8 Dec 20 TOKYO Bank of Japan monetary policy meeting (to Dec 21) Dec 22 LONDON Bank of England (BOE) to publish minutes of Dec 8-9 Monetary Policy Committee (MPC) meeting ATHENS Greek Parliament to vote on 2011 Budget Dec 24 TOKYO Japanese government expected to draft state Budget for
        53 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Lock icon Page 8 Miscellaneous Column 1
      320 8 CRYPTIC CROSSWORD Across 1 Trying to procure foreign currency in great volume (11) 9 Ocean silt may be stranded here (9) 10 Concentrate on the film? (5) 11 Peephole for a viewer to lease (6) 12 To be conspicuous, don’t sit inside (5,3) 13 Start to show to advantage (3,3)
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    • Miscellaneous
      Lock icon Page 8 Miscellaneous Column 2
      23 8 SATURDAY with Ludwig ‘Since it’s the festive season, most numbers will be up cholesterol, tryglycerides, glucose etc... and so will the medical bill
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Bain’s world
      1923 10/11  -  Bain Co boss Steve Ellis talks about the challenges and opportunities facing business amid today’s turbulent times. By Vikram Khanna By Vikram Khanna vikram@sph.com.sg ECONOMICdown-turns, such as the one that has afflicted the United States since 2008, can be frustratingandconfi-dence-sapping for companies. But they are also events that
      ARTHUR LEE  -  1,923 words
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  • COMPANIES
    • Article
      Lock icon China Fishery plans share sale, HK dual listing
      384 12  -  Plan for issue of up to 200m new shares, including over-allotment By Felda Chay feldac@sph.com.sg Singapore JUST months after securing private-equity investments, China Fishery Group is looking to undertake a global offering of new shares and a dual primary listing on the
      384 words
    • Article
      Lock icon Contel Corp highlights RTO uncertainties
      296 12  -  By Teh Shi Ning tshining@sph.com.sg Singapore CONTEl Corporation, which on Thursday announced a US$1.2 billion reverse takeover deal (RTO), yesterday highlighted some uncertainties governing the proposed transaction. In a late night announcement, following an afternoon trading halt yesterday, Contel said that the takeover target, Solar
      296 words
    • Article, Illustration
      Lock icon Euro debt plans, US data lift STI
      570 12  -  stocks Ven Sreenivasan ven@sph.com.sg Senior correspondent EUROPEANS’ plans for a “mechanism” to combat future debt crises and improving economic data from the US helped buoy sentiment somewhat during the final session of trading for the week. In Singapore, there was noticeable accumulation of
      570 words
    • Article
      Lock icon TOP 20 ACTIVES
      110 12 VOL CLOSE GentingSP 52,469 211 2.0 1.0 XinRen 51,346 51 1.0 2.0 TranscuGrp 47,659 7.5 -0.5 -6.3 GMGGlobal 45,468 30 -1.0 -3.2 GoldenAgri 45,209 77 0.5 0.7 *GentingHKUS$ 35,183 43 0.7 1.2 GLP 34,463 226 14.0 6.6 Contel 29,411 4 1.0 33.3 NobleGrp 22,813 207 0.0 0.0
      110 words
    • Article
      Lock icon STI STOCKS
      108 12 Stock name Close Change CapMallsAsia 1.840 -0.010 CapitaLand 3.620 -0.040 CapitaMall 1.880 -0.040 CityDev 12.920 -0.260 ComfortDelGro 1.570 +0.020 DBS Grp 14.400 +0.280 F&N 6.130 +0.030 Genting SP 2.110 +0.020 Golden Agri 0.770 +0.005 HK Land 6.850 -0.200 JMH 43.500 +0.320 JSH 26.200 +0.080 Jardine C&C 35.540 -0.760
      108 words
    • Article
      Lock icon TOP GAINERS
      57 12 BY CENTS CLOSE UP DBXT AUDMM 5SG$ ***** 699.0 2.9 DBXT Nifty 10US$ ***** 344.9 2.0 DBXT FTVietnam 10US$ 3727 160.0 3.4 DBXT MSKorea 10US$ 5686 93.1 1.3 JMH 4350 42.0 0.7 DBS Grp 1440 28.0 2.0 Kim Eng Hldgs 224 25.0 12.6 DBS.ES.1012 1420 20.0 1.4 HsuFuChi
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    • Article
      Lock icon TOP LOSERS
      61 12 BY CENTS CLOSEDOWN GLD 10US$ ***** -137.7 -0.8 Jardine C&C 3554 -76.0 -2.1 DBXT S&P Short 10US$ 4580 -44.6 -0.7 Lyxor LatinAmerica 1 895 -43.3 -3.6 DBXT SPASX200 10US$ 3375 -32.8 -0.7 DBXT FTChina25 10US$ 3086 -31.5 -0.8 Lyxor AsiaRE 10US$ 972 -27.5 -2.1 HK Land 685 -26.2
      61 words
    • Article
      Lock icon Financial One defends trading suspension
      389 13  -  But continued suspension unlikely to go beyond Dec 22, it reiterates By Lynn Kan lynnkan@sph.com.sg Singapore DESPITE a query from the Singapore Exchange (SGX), Financial One Corp has stuck to its decision to continue its trading suspension until at least Dec 22, reiterating that it
      389 words
    • Business briefing
      • Article
        Lock icon STX OSV wins vessel design, construction deal
        59 13 STX OSV Holdings has secured a new contract for the design and construction of an offshore subsea construction vessel of its own design for an undisclosed international customer. The value of the contract is about 600 million Norwegian kroner (S$133 million). The vessel
        59 words
      • Article
        Lock icon Yanlord buys prime residential site in Shenzhen
        73 13 YANLORD Land Group said it has acquired a prime residential development site in China with a total planned gross floor area of about 149,700 sq m in Longgang District, Shenzhen. It paid 945 million yuan (S$187 million) or an average price of 6,312.63
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      • Article
        Lock icon VibroPower issues full-year profit warning
        76 13 VIBROPOWER Corp has warned it may report a loss for the full year ending Dec 31. The expected loss could result from the failure of a major customer of the group to fulfil its payment obligations of an outstanding debt of some US$1.36 million. The
        76 words
    • Article
      Lock icon CDL China makes first site acquisition
      306 14  -  By Uma Shankari shankari@sph.com.sg Singapore CDL China, the China division which City Developments Limited (CDL) set up in August, has made its maiden acquisition a 232 million yuan (S$45.7 million) development site in China’s Chongqing. The site, which CDL China’s wholly owned Hong Kong
      306 words
    • Article
      Lock icon Potential investors in talks with Kim Eng
      364 14  -  By Felda Chay feldac@sph.com.sg Singapore KIM Eng Holdings yesterday said that it had been approached by parties that are interested in taking a stake in the company. The securities and investment broking group disclosed this in response to a Singapore Exchange query on
      364 words
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      41 13 reds < *X6 seas (Hi CK CHEERS BRASSERIE Celebrating Festivities Christmas Eve Dinner From $128++ per person Christmas Day Brunch From $145++ per person New Year's Eve Dinner feat. 18 types of oysters From $138++ per person Reservations: 6730 3390 Hilton Singapore
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      Lock icon Page 14 Advertisements Column 1
      124 14 $10 flat rate commission on all Singapore Share CFDs Regardless of trade size No conditions Lowest rate on Singapore share CFD trades Transparent pricing Interested in uncomplicated trading? Call City Index today on 6826 9988 cityindex.com.sg The alternative way to trade Trading CFD and FX on margin carries a high
      124 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Harnessing a wealth of experience
      866 15  -  We stand to lose the contribution of a third of the Singapore workforce if organisations fail to re-engineer their human capital strategy to embrace older workers from the desk of Claire Chiang Chairperson Employer Alliance IN SINGAPORE, eight working people support one person aged 65
      866 words
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  • SINGAPORE
    • Article
      Lock icon Local delights on Russian menus
      711 16  -  S’pore players wanting to venture into Russian F&B market can get help from IE Singapore By Teh Shi Ning tshining@sph.com.sg SINGAPORE food companies are entering Russia’s huge F&B market through the kitchen-doors of Russian dining chains. Local food firms are helping to put Hainanese chicken
      711 words
    • Article
      Lock icon Top-level leadership changes in Police and CNB
      347 16 BOTH the Singapore Police Force (SPF) and Central Narcotics Bureau announced several key changes in leadership yesterday. Ng Seng Liang, currently director of the Central Narcotics Bureau (CNB), will retire on Feb 18 next year, after 35 years of service with the Ministry
      347 words
    • Article
      Lock icon S’poreans optimistic about jobs and the economy
      338 16  -  By Lynn Kan lynnkan@sph.com.sg SINGAPOREANS have one of the rosiest outlooks on the economy and employment in the world, going by a survey on consumer confidence by MasterCard. Singaporeans scored their expectations for the nation’s market and economic performance over the next six
      338 words
    • Article
      Lock icon Report on public sector priorities released
      288 17  -  It shows how the work of various ministries and agencies fits together By Teh Shi Ning tshining@sph.com.sg THE Ministry of Finance (MOF) yesterday released a broadoverview of the public sector’s priorities and challenges across the various ministries and agencies on its website. The first
      288 words
    • Article
      Lock icon Singapore Yacht Show is first of its kind in Asia
      163 17 THE inaugural Singapore Yacht Show, to be held from April 8 to 10, will see Singapore play host to a fleet of superyachts. The event, the first of its kind in Asia, will take place at the One˚15 Marina Club
      163 words
  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      428 16 KATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MEMTECH TECHNOLOGIES PTE. LTD. REG. NO. *****0617D (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company deemed to be held on 14 December 2010,
      428 words
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      271 16 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER. 50 AGI LOGISTICS VIETNAM PTE. LTD. (Co No: *****4464Z) (IN MEMBERS’VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of AGI LOGISTICS VIETNAM PTE. LTD. held on Tuesday, 7 December 2010, the following Special Resolution was passed: WINDING-UP AND APPOINTMENT OF LIQUIDATOR That
      271 words
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      2021 17 TECHNICS OIL GAS LIMITED Registration No. *****5249E (Incorporated in Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 72 Loyang Way, Singapore *****2 on Wednesday, 5 January 2011 at 10.00 a.m. to transact the following businesses: ORDINARY
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      155 18 THE BUSINESS TIMES CORPORATE GOLF LEAGUE IS BACK! The Business Times Corporate Golf League is back in 2011 BIGGER AND BETTER after a successful 2010 run. An exclusive golf league where corporate executives tee up against those of other corporate entities and network at the same time, the 2011 games
      155 words
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  • WORLD
    • Article
      Lock icon US Congress passes tax, unemployment deal
      601 19 But it shows Washington policymakers remain locked in an unsustainable cycle of cutting taxes and raising spending NYT Washington THE US Congress at midnight on Thursday approved an US$801 billion package of tax cuts and US$57 billion for extended unemployment insurance. The vote sealed
      NYT  -  601 words
    • Article, Illustration
      Lock icon Veteran CNN host Larry King signs off
      361 19 AFP Los Angeles VETERAN CNN talk show host Larry King signed off for the last time on Thursday after 25 years in the same seat, in an emotional show that included tributes from presidents and broadcasting rivals. The 77-year-old, who will be succeeded
      AFP; REUTERS  -  361 words
    • Article
      Lock icon North Korea threatens to strike South if drill proceeds
      444 19 Reuters Bloomberg Beijing NORTH Korea said yesterday that it will strike again at the South if a live-firing drill planned by Seoul on a disputed island goes ahead and with an even stronger force than last month’s shelling that killed four
      Reuters; Bloomberg  -  444 words
    • Article, Illustration
      Lock icon Wen reassures Pakistan with deals
      547 20 Chinese premier is expected to sign off on trade and business accords worth about US$19b Reuters Islamabad CHINESE Premier Wen Jiabao arrived in Pakistan yesterday armed with multi-billion-dollar deals to reassure its ally that military and economic ties remain tight,despiteChina’swarmingrelations with India. Mr Wen, who
      Reuters  -  547 words
    • Article
      Lock icon China can control inflation next year: regulator
      421 20 Reuters Beijing CHINA will be able to keep a grip on inflation next year, but will have a harder time in coping with hot money inflows fanned by loose policies in the West, the country’s chief banking regulator said yesterday. Chinese consumer inflation
      Reuters  -  421 words
    • Article
      Lock icon GIG, Actis to invest in India's GVK Energy
      225 20  -  By Angela Tan angelat@sph.com.sg Singapore EMERGING markets private equity investor Actis said the company and an affiliate of the Government of Singapore Investment Corporation (GIC) will each invest US$77 million in one of India’s leading power developers, GVK Energy. GVK Energy, a
      225 words
    • Article
      Lock icon Bank of England warns of risks to UK economy
      330 20 AP London THE Bank of England warned terdaythatBritainisonly“partially insulated” from the European financial crisis, and cautioned that a redistribution of capital poses a medium-term risk. The central bank said in its half-yearly Financial Stability Report that a redistribution of global capital
      AP  -  330 words
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  • SGX
    • Article
      Lock icon Untitled
      8998 21 Transaction date: Dec 17 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 21 14.5 3148 8Telecom 18.5 unch 210 18.5 18.5 18 18.5 1.7 9.8 5.9 88.6 12 4.5 5834 A-Sonic 5.5 unch
      8,998 words
    • Article
      Lock icon SGX CATALIST
      1780 24 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 7 4 1181 t AA Grp 5 4 5 27.8 4.8 225 130 6222 t APStrategic 160 155 160 94.9 4 0.5 1501
      1,780 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 3 6 0 0 0 7 3 6 Manufacturing 64 33 78 5 3 10 69 36 88 Commerce 19 15 26 4 4 4 23 19 30 Tpt/Stor/Comms 18 10 13
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      786 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Dec 13 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Serial System 16-Dec-10 Goh Bak Heng Buy 165 0.15 *****0 36.15 *****5 36.17 Adventus Hldgs 15-Dec-10 Lim
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 27,690 27,690 83,575 83,575 Manufacturing 321,128 8,753 329,881 276,205 310 276,515 Commerce 67,113 19,772 86,885 148,794 1,590 150,384 Tpt/Stor/Comms 92,987 579 93,566 203,130 158 203,287 Finance 56,771 56,771 384,933 384,933 Construction 12,030 8,187 20,217 2,846
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  • MARKETS
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 25 Dec 17 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.345 1.269 Can dollar 1.332 1.281 Euro 1.774 1.706 Sterling pound 2.092 2.012 NZ dollar 1.001 0.954 US dollar 1.335 1.284 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      90 25 YTD change: +8.81% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,648.15 on May 25,2010 Source: Bloomberg YTD change: +3.85% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 18,971.50 on May 27,2010 Source: Bloomberg YTD change:+10.27% 52-week high: 11,519.00 on Dec 15,2010 52-week low: 9,614.32 on July 2,2010
      Source: Bloomberg  -  90 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      374 25 In local curr In S$ In US$ dy yr dy yr dy yr Dec 16 Index Change Change Change Change Change Change World Index Preliminary 892.6 0.2 7.2 0.4 1.1 -0.1 7.7 ‡EAFE Preliminary 805.1 0.1 2.6 0.0 -3.2 -0.5 3.1 Europe Preliminary 1175.8 0.1
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 25 Dec 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2984 1.3000 0.9900 0.9910 Canadian dollar 1.3041 1.3051 0.9943 0.9949 Euro 1.7457 1.7464 1.3311 1.3313 NZ dollar 0.9710 0.9719 0.7404 0.7409 Sterling pound 2.0493 2.0501 1.5626 1.5628
      154 words
    • Article
      Lock icon LIFFE
      82 25 Dec 16 COCOA (£/tonne) Close Prev High/Low Mar 11 2006 1998 2035/1998 May 11 2014 2012 2044/2013 Jul 11 2029 2028 2058/2027 Sep 11 2034 2033 2059/2035 COFFEE (US$/tonne) Close Pev High/Low Jan 11 1936 1922 1948/1920 Mar 11 1947 1935 1959/1933 May 11 1960 1953 1969/1950 Jul 11
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    • Article
      Lock icon CHICAGO BOT
      93 25 Dec 16 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jan 11 1289.*****6.*****3.*****5.00 Mar 11 1300.*****7.*****4.*****6.00 May 11 1307.*****3.*****0.*****1.75 Jul 11 1309.*****6.*****3.*****3.50 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Jan 11 54.07 54.68 54.66 53.82 Mar 11 54.56 55.02 55.12 54.30 May 11 54.91 55.17 55.45
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      Lock icon PALM OIL
      65 25 Dec 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 11 3662 3570 3665 3560 527 6271 Feb 11 3645 3547 3653 3522 3559 ***** Mar 11 3602 3503 3607 3471 9206 ***** Apr 11 3565 3451
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      Lock icon OIL
      75 25 Dec 16 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 91.92 -0.21 WTI (Near Mth) 87.84 -0.61 Dubai (1-Mth F) 88.83 0.78 Tapis blend 95.10 1.20 Minas 91.45 1.05 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 92.89 1.61 Jet Kerosene 103.20 1.20 US$/barrel Opec Oil Basket Price
      75 words
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      Lock icon LONDON METALS
      72 25 Dec 16 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2303.25 2305.00 3 months 2318.00 2321.00 Copper, Grade A (US$/tonne) Cash 9030.50 9140.00 3 months 8991.00 9095.00 Lead (US$/tonne) Cash 2366.50 2411.00 3 months 2365.00 2425.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon METALS
      68 25 Dec 17 GOLD (US$/oz) Dec 17 Dec 16 Hong Kong 1376.*****5.00 Dec 16 Dec 15 London 1366.*****9.65 1367.*****0.40 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 38.45 38.22 Source: UOB PLATINUM Lon (US$/oz) Dec 16 Close Previous PM Fix 1703.*****1.00 AM Fix 1701.*****7.00 Source: Thomson Reuters PLATINUM /NYMEX
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  • PERSPECTIVE
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      Lock icon National interest over ideology
      1127 26 / 27  -  The Chinese want others to trade with them, respect and even fear them, and do not always want the American hope that other people will be ‘like us’ Leon Hadar Washington correspondent SOME American politicians and pundits are warning that not unlike the Soviet Union in
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      Lock icon Building on a brand’s success
      769 26 / 27  -  By Catherine Yeung Catherine Yeung is Associate Professor in the Department of Marketing, NUS Business School. She specialises in consumer behaviour. Robert Wyer collaborated in research on which this commentary is based. It was first published in Journal of Marketing Research. WHEN a brand is
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  • Wealth
    • WEALTH INVESTING
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        Lock icon In search of the contrarian
        1039 28 / 29  -  Bubbling optimism over emerging market equities has made it harder to pin down fundamental value. By Michael Patterson By Michael Patterson Bloomberg London INDIVIDUAL investors are pouring money into emerging-market stocks at the fastest pace since 2007, as the biggest rally in 16 years spurs
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      • BROKERS' TAKE
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          Lock icon Yangzijiang Shipbuilding Holdings
          357 28 / 29 BUY DMG Partners Research Dec 17 Close: S$1.90 WE raise Yangzijiang (YZJ) from “neutral” to “buy” as we see better long-term growth prospect following a slew of yard and land acquisition deals at attractive pricing and potentially stronger new orders from the containership market. We believe the
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          Lock icon ComfortDelGro Corporation
          373 28 / 29  -  BUY Kim Eng Research Dec 17 Close: S$1.57 Compiled by Lynn Kan WITH the purchase of Swan Taxis in Perth completed, ComfortDelGro is now reportedly among eight companies vying to operate 850 metro buses in Adelaide, the capital of South Australia. We are supportive of the group’s overseas
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        Lock icon Saving for your retirement
        1079 32  -  The SRS, launched in 2001, has had a slow start but in recent years, the number of people making SRS contributions has increased significantly. Find out how the scheme can benefit you. By Anne Tay By Anne Tay ~The writer is vice-president, Wealth Management Singapore, OCBC
        1,079 words
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        Lock icon Who’s afraid of rising interest rates?
        1334 33  -  Data shows rising interest rates do not necessarily spell doom for the equity and real estate markets show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder I HAD lunch with a friend yesterday. He’s someone whom I
        Source: Compiled by BT, with data from URA, Thomson Financial, Bloomberg, The Economist Intelligence Unit  -  1,334 words
    • SMART MONEY
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        Lock icon What to invest your money in
        1805 30 / 31  -  What are some investment instruments available out there in the marketplace? We give the low-down on unit trusts, insurance funds, exchange traded funds and exchange traded notes. By Genevieve Cua By Genevieve Cua gen@sph.com.sg THE process of picking investments for a portfolio may be
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        Lock icon Exchange traded notes a good choice for small investors
        566 30 / 31  -  By Genevieve Cua EXCHANGE traded notes (ETNs) are a way for investors to access a variety of investment markets including commodities and equities. But while investors may think they are similar to ETFs (exchange traded funds), ETNs are actually quite a
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        Lock icon UTs, ILPs, ETFs, ETNs: Pick what suits you
        472 30 / 31  -  By Genevieve Cua THE alphabet soup of acronyms denoting investment vehicles can be confusing. Are UTs (unit trusts) right for you? Or perhaps ILPs (investment-linked insurance plans); or maybe it’s ETFs (exchange-traded funds) or ETNs (exchange-traded notes)? Before you get tied up
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    • HEALTH
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        Lock icon Househunt PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN NOV 17 AND 23,2010
        947 34 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 16 NON-LANDED Aquarius By The Park Apt 18/11/2010 99 1227 890 725 Bayshore Park Apt 22/11/2010 99 1292 1150
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      • Article, Illustration
        Lock icon Empty homes amid the China property boom
        747 35 Hedge-fund manager Jim Chanos warns that Western investors could be left holding the real estate bag China is on a ‘treadmill to hell’ because of the country’s reliance on property development for economic growth. Jim Chanos Bloomberg Shanghai CHINA’S property boom continues “unabated”
        Bloomberg; BLOOMBERG  -  747 words
      • Article
        Lock icon Malaysia’s YTL to launch The Capers in Q1
        277 35 Bernama Kuala Lumpur PROPERTY developer YTL Land and Development Bhd will launch its iconic condominium The Capers, in Sentul East, in the first quarter of 2011, its customer relations manager Karen Tan said yesterday. The architectural icon, comprising two 36-storey towers interrupted
        Bernama  -  277 words
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      27 30 / 31 This monthly column on financial products is sponsored by MoneySENSE, a national financial education programme in Singapore. Find out more about other common financial products at www.moneysense.gov.sg
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      47 34 Featuring the Prestige Homes Collection A prestigious address is coveted by many, but reserved for the elite few. For enquiries: Lawrence Chia 9617 2884, LChia@savills.com.sg To arrange for an appointment to view our other luxurious developments, please call 6836 3338 or search with us at residential.savills.com.sg savills
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      26 36 Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868E. A member of Audit Bureau of Circulations Singapore. Customer Service (Circulation): 6388-3838, circs@sph.com.sg, Fax
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      60 1 DINING Food for good L2-3 SHOPPING Giving with heart L6-7 LivingTHEBUSINESSTIMESWEEKEND|DECEMBER18-*****0BTTHE BUSINESS TIMES WEEKEND DECEMBER 18-19 2010 THE SPIRIT OF GIVING BACK Caring for others this Christmas without forgetting about yourself PHOTO: YEN MENG JIIN WEEKEND WITH Morgan Parker: riding for charity L8 TRAVEL Racing to raise funds L12-13 MOTORING
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  • BT Living
    • DINING
      • FOOD FOR GOOD
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          Lock icon A Little Something
          465 2 / 3  -  http://www.facebook.com/pages/ A-Little-Something/*************** These new socially responsible projects and places are tapping into Singaporeans’ love of food to benefit the less fortunate By Audrey Phoon aphoon@sph.com.sg EARLIER this month, Johan Lim planted a metaphorical acorn in his own backyard. Called A Little Something, it’s a movement that aims
          465 words
        • Article
          Lock icon Action Against Hunger campaign at 40 Hands
          309 2 / 3  -  78 Yong Siak Street Z6225-8545 www.40handscoffee.com By Audrey Phoon THERE'S an establishment in Tiong Bahru that will soon allow people to feed more than one mouth when they eat, and it’s not a fertility clinic. It’s 40 Hands, the coffee joint with a
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        • Article, Illustration
          Lock icon Various projects at Platypus Test Kitchen
          435 2 / 3  -  #02-02 Clifford Centre 24 Raffles Place Z8112-1194 www.platypuskitchen.com By Audrey Phoon NICHOLAS Lin and Lee Yuanzheng spent years in the US, where as Mr Lin says “a lot of socially responsible qualities were ingrained in us”. So it made sense that when the pair
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        • Article, Illustration
          Lock icon Sabrina Chia
          432 2 / 3  -  misochic@gmail.com By Melissa Lwee mellwee@sph.com.sg IT MAY not sound quite as grand as a fund-raising ball but Sabrina Chia’s upcoming charity dinner parties will be no less meaningful. Come next February, the 26-year-old lawyer and avid chef will host a series of dinner parties at home for a
          432 words
      • Article, Illustration
        Lock icon Blessings in disguise
        1046 4 / 5  -  Planning a fancy Christmas dinner at home can be a breeze with artisanal gourmet takeaways. By Jaime Ee takeaways.By Jaime Ee EVERY year, it happens. Thousands of turkeys are defrosted, roasted, eaten and then regretted as we are reminded once again that as far as poultry goes,
        PHOTOS: GALBIATI GOURMET DELI BY YEN MENG JIIN; ORGANIC TURKEY FROM HILTON SINGAPORE  -  1,046 words
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        Lock icon Sweet tidings
        614 4 / 5 THERE is log cake and there is log cake. But when you’re looking for something home-made to add a sweet ending to Christmas dinner, there are some good choices out there. First off, panettone. Most panettone in Singapore come imported, in fancy packaging and could make you choke
        PHOTO OF FRESHLY BAKED BY YEN MENG JIIN  -  614 words
    • SHOPPING
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        Lock icon Giving with heart
        746 6 / 7  -  Opt to buy a present this festive season that extends the cheer to more than just your loved ones to local charities, children’s organisations as well as United Nations-backed agencies. By Melissa Lwee By Melissa Lwee HeaART lights With an aim to benefiting local charities and supporting
        746 words
    • WEEKEND WITH
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        Lock icon Long rider
        978 8  -  weekend with morgan parker founder wheel2wheel Investment banker Morgan Parker left his job to start a new chapter in his life preparing for a 100-day 10-country ride for charity. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg FIVE years ago, former real estate investment banker Morgan Parker didn’t own
        PHOTOS WHEEL2WHEEL  -  978 words
    • WATCHES
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        Lock icon causes Good times
        661 9  -  It is that time of year when luxury watch brands and retailers flex their philanthropic muscle to raise funds for worthy causes in their own inimitable ways. By Dylan Tan Good By Dylan Tan dylantan@sph.com.sg Christmasisnotcalledasea-son of giving for nothing and the multi-billion dollar luxury watch industry
        TNP FILE PHOTO; ARTHUR LEE  -  661 words
    • TRAVEL
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        Lock icon swiss splendour
        1397 10 / 11  -  FAR FROM BEING JADED, BEAUTIFUL SWITZERLAND CHARMS WITH ITS HERITAGE. BY JAMIE LEE BY JAMIE LEE leejamie@sph.com.sg the history of Switzerland is nothing like that musty smell of nostalgia that sticks onto a piece of vintage furniture. Instead, the heritage of this beautiful country leaves a charming impression,
        LUZERN PHOTOS COURTESY OF LUZERN TOURISMUS AG  -  1,397 words
      • Article, Illustration
        Lock icon So what if I finished last?
        1223 12 / 13  -  Intrepid banking industry professional Yeoh Xinyi swaps her office chair for a bicycle saddle in Cambodia all for a good cause Yeoh Xinyi btnews@sph.com.sg I LOVE travelling, and I love travelling for a cause. It takes a lot of humility for one to get
        PHOTOS COURTESY OF BRIDGES ACROSS BORDERS CAMBODIA  -  1,223 words
    • GADGETS
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        Lock icon GIFT GIVING MODE
        1117 14 / 15  -  It’s the season to treat not just your loved ones, but also yourself.By Christopher Lim yourself.By Christopher Lim limchris@sph.com.sg CHRISTMAS time is gadget shopping season, regardless of whether you are looking for a gift for that special someone, or just need an excuse to treat yourself. Here
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    • SPORT
      • Article, Illustration
        Lock icon Will it be one point or three?
        565 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor FRESH from a chest-thumping win over fellow title hopefuls Arsenal on Monday, Manchester United heads to London this weekend looking to cement its place at the top of the table with a positive result
        PHOTOS: AFP  -  565 words
      • Article
        Lock icon wine & dine with BTWeekend
        730 16 wine dine with BTWeekend Bar on 5 Level 5, Mandarin Orchard Singapore 333 Orchard Road Z6831-6288 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
        730 words
    • GOLF
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        Lock icon Scoring points
        1138 17  -  Christmas gifts that will surely be a hit with the golfer in your life. By Justine Moss life.By Justine Moss CHRISTMAS may be only a week away but there’s still plenty of time to head to your favourite golfing retail shop or online website to pick up the
        1,138 words
    • MOTORING
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        Lock icon 77 HEAVEN
        618 18  -  Priced at just north of $5m, the Aston Martin One-77 is no ordinary super sports car. By Samuel Ee By Samuel Ee samuelee@sph.com.sg IT PROMISES to be Singapore’s most expensive sports car when registered, with an auspicious production number to tempt the potential buyer. The Aston Martin One-77
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      • Article, Illustration
        Lock icon Presents of mind
        408 19  -  It’s a mere seven days to Christmas and if it looks like no one’s about to give you the present you’re hoping for, it’s time to go out and get it yourself. Here are five gifts any car enthusiast wouldn’t mind unwrapping. By Samuel Ee By Samuel
        YEN MENG JIIN  -  408 words
      • Article, Illustration
        Lock icon ROAD ROCKET
        581 20  -  For all its power and bluster, the Mercedes-Benz SLS AMG is an extremely refined car. By Samuel Ee By Samuel Ee samuelee@sph.com.sg AMONG the letters on a knob on the lower centre console of the Mer-cedes-Benz SLS AMG are a pair that say “RS”. Since the SLS is
        581 words
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      29 8 ~To find out more about Morgan Parker and Simon Lock’s 100-day expedition and to follow them, go to www.wheel2wheel.tv, or look up wheel2wheel on Facebook, and wheel2wheelteam on Twitter
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