The Business Times, 31 December 2011

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Microfilm: NL31730
Total Pages: 45
1 20 The Business Times
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  • TOP STORIES
    • Article
      Lock icon CPF to cap wrap fees at 1% from July
      631 2  -  Most accounts unaffected, but some advisers may face revenue loss By Kenneth Lim kenlim@sph.com.sg Singapore THE Central Providend Fund took another step to control costs on individual investments, announcing a cap on wrap fees that could cut revenue for some financial
      631 words
    • Article
      Lock icon MARKETS
      138 2 H STI 2,646.35 (-26.43) H STI FUTURES 2,646 (-27) H SIMSCI 301.78 (-3.01) H SIMSCI FUTURES 300.30 (-4.10) STOCKS Friday Change KL COMP 1,530.73 +24.04 NIKKEI 225 8,455.35 +56.46 HANG SENG 18,434.39 +36.47 SET 1,025.32 +1.41 JAKARTA 3,821.99 +13.22 MANILA Closed KOSPI Closed SHENZHEN B 567.04 +9.46 MUMBAI IND
      138 words
    • Article, Illustration
      Lock icon Dip in China purchasing managers' index in Dec
      418 3 It fuels speculation that the central bank may cut lenders’ reserve ratio Bloomberg Beijing CHINA’s manufacturing contracted for a second month in December as Europe’s debt crisis cut export demand, fuelling speculation that the central bank may cut lenders’ reserve requirements within
      Bloomberg; PHOTO: AP  -  418 words
    • Article
      Lock icon Dismal end to year for stocks; property sector badly bruised
      587 4  -  CapitaLand, Keppel Land lose 40-50% of market cap; banks too come under pressure By Jamie Lee leejamie@sph.com.sg Singapore IT was not a pretty picture for stocks across most sectors but especially nasty bruises showed up on the property scene. The
      587 words
    • Article
      Lock icon Pay review panel submits report
      167 4 Singapore THE committee tasked to review ministerial salaries has handed its report to Prime Minister Lee Hsien Loong. “The committee has submitted the report to the Prime Minister, and the government is studying the report,” said a spokesman for the Prime Minister’s Office (PMO) yesterday.
      167 words
    • Article, Illustration
      Lock icon Small industrial units on older sites get fresh selling point
      589 6  -  Developers may tout their ‘scarcity value’ to investors in the short term By Kalpana Rashiwala kalpana@sph.com.sg Singapore SOME developers marketing small strata industrial units on sites that they had bought at earlier state land tenders are expected to tout the
      589 words
    • Article
      Lock icon CPF changes, tax cuts figure in PwC’s Budget 2012 wish list
      498 6  -  It offers ideas to tackle issues of ageing and falling birth rate, and to avert downturn By Teh Shi Ning tshining@sph.com.sg Singapore THE Central Provident Fund (CPF) needs to be strengthened as a retirement savings mechanism, says PricewaterhouseCoopers Singapore
      498 words
    • Article, Illustration
      Lock icon Putting the 'pond' in an imponderable
      805 7  -  saturday soapbox Joyce Hooi Reporter HOW is this for doing everybody a favour? Thanks to the PUB, families got to argue about something else for a change when they gathered to eat the cultural incongruence that is logcake and catered beehoon last Christmas weekend:
      805 words
    • Article
      Lock icon Padding hard knocks with sweet talk
      459 7  -  From ‘deleveraging’ to ‘debt rollover’, leaders and CEOs are refraining from calling a spade a spade By Emilyn Yap emilyny@sph.com.sg Singapore MOST people fear hard truths. And so as financial markets got tougher this year, the words from world leaders and CEOs got softer.
      459 words
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      Lock icon Page 2 Advertisements Column 1
      60 2 CONTENTS LIVING Dining L2-5 Weekend With L6 Shopping L7 NEWS Top Stories 2-7 Raffles Conversation 8-9 Week in Review 10 Companies 11-14 From The Desk Of 15 Singapore 16 World 17-20 Stocks Stats 21-25 Perspective 26-27 Wealth 28-32 Show Me The Money 33 Househunt 34 Real Estate 35 Style L8-11
      60 words
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      70 3 BUYING/SELLING High Value Branded Watches (PENG KWEE) Rolex Cartier Omega Patek Philippe IWC Chopard Vacheron Constantin Richard Mille Roger Dubois Franck Muller Jaeger-Lecoultre Audemars Piguet Breguet Piaget Panerai #01-46 Peninsula Plaza #01-45 Peninsula Plaza #01-45 The Bencoolen #02-90K People's Park Complex #01-44 People's Park Centre #01-53 Lucky Plaza 26 Smith
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      Lock icon Page 3 Advertisements Column 2
      99 3 The Embassy of the Republic of Poland in Singapore PL2011.eu I Welcome 2012 July December 2011 Polish EU Presidency June-July 2012 European Football Championship Today is the last day of Polish Presidency of the Council of the European Union. We would like to thank all Singaporeans for joining us in
      99 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      2417 5 thebusinesstimesweekendwww.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 weekend www.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 the raffles conversation CAREER DIPLOMAT BARRYDESKER 12-13 cheap funds Local banks to slash savings ratesDBS Bank, OCBC DBS Bank and UOB will offer amere 0.05 per cent mere come October, even asHSBC and
      2,417 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      82 7 SINGAPORE —SWEEP— 1 ST PRIZE $2,200,000 2 ND PRIZE $500,000 3 RD PRIZE SUPER SWEEP SNOWBALLED TO $250,000 $1,050,000 1JL ist W" s2i Mim MP L B 2nd Prize $500,000 3rd Prize S250.000 I mm n 0 0 1 SINGAPORE 01/2012 1 -SWEEP MO, NOSTALGIC SINGAPORE Dr»w No. 01/2012 {1SS&S222
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Champion of Asian integration
      2212 8/9  -  Masahiro Kawai believesSinaore can play a key role in the process by promoting collaboration through the Asean+3 Economic Research Office.By Office.By Anthony Rowley btnews@sph.com.sg ONCE seen as a model of regional economic integration for Asia and others to emulate, the European Union has now become a
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK Dec 27-30, 2011
      • Article
        Lock icon Hard landing in China? Not in 2012: analysts
        51 10 THE primary reason cited by analysts is politics. In a year of power transfer, a China landing, soft or hard, would resemble more a slow-motion drama than an action film, at least until the handover to the next central leadership in March
        51 words
      • Article
        Lock icon Volatility seen for S’pore debt market in 2012
        42 10 A TALE of two halves told the story of the Singapore debt capital market over the past year, and 2012 will be ushered in by a wave of nervous volatility, according to market observers.
        42 words
      • Article
        Lock icon Redas, industry studying cooling measures: sources
        52 10 THE Real Estate Developers’ Association of Singapore (Redas) has been holding a series of meetings with industry players to look into the impact of the latest round of property curbs, sources told BT. The meetings involved stakeholders such as developers, property consultants, brokerage analysts
        52 words
      • Article
        Lock icon Developers, govt agree to disagree
        67 10 THAT the government and developers disagree over the latest cooling measures was made plain at Redas’s dinner on Tuesday, where deeply divergent views were publicly aired. The Real Estate Developers Association of Singapore’s 52nd anniversary dinner was the first public function for the industry since
        67 words
      • Article
        Lock icon Iskandar ex-boss’s husband charged with taking bribes
        46 10 HIS wife was the head of the Iskandar development region. Now, Mohd Amin Suhaimi faces charges that he pocketed RM1.6 million (S$655,000) from a construction firm to help it clinch a huge tender awarded by Iskandar Investment Bhd (IIB).
        46 words
      • Article
        Lock icon Main-Line seeks $30m from UOB, FCC
        79 10 AN Irish technology firm that had won a patent infringement case against United Overseas Bank and a local company is now fighting another legal battle to assess damages and lost profits. Main-Line Corporate Holdings, a Singapore unit of Fintrax Group, received an interim payment
        79 words
      • Article
        Lock icon Temasek may cut losses on troubled Pakistan venture
        60 10 TEMASEK Holdings is looking to sell its majority stake in troubled Pakistan lender NIB Bank, just months after it injected over $100 million into the bank. A source told BT that Temasek was looking to offload its 88.6 per cent stake in
        60 words
      • Article, Illustration
        Lock icon ONE TOAST, TWO VIEWS
        27 10 The 52nd Redas anniversary dinner was the first public function for the industry since the government announced the latest cooling measures ARTHUR LEE
        ARTHUR LEE  -  27 words
      • Article
        Lock icon US$ Sibors hit 52-week highs
        44 10 THE three-month US dollar Singapore Interbank Offered Rate came to 0.***** per cent on Wednesday, staying at a 52-week high. It has more than doubled in a mere four months, from 0.257 per cent at the start of August.
        44 words
      • Article
        Lock icon Shoebox apartment prices continue dipping in Nov
        60 10 THE prices of shoebox apartments and their prospects are back in the limelight. Flash estimates from NUS’s Institute of Real Estate Studies show that prices of completed small apartments peaked in August and have since fallen 3 per cent by November. In November
        60 words
      • Article
        Lock icon Govt acts to rein in industrial space prices
        59 10 THOSE hoping to make a quick buck by investing in small strata industrial units are in for a reality check. The government has taken steps to make industrial land affordable for genuine industrialists. The move may also stop froth from spilling over
        59 words
      • Article
        Lock icon FibreChem creditors may seek S-chip’s liquidation
        88 10 CREDITORS of FibreChem Technologies are considering filing a petition to liquidate the S-chip after their statutory demands for loans repayment were not met. “We have not decided on liquidation, but it’s a serious possibility and one of the options that creditors are considering,” said
        88 words
    • Article
      Lock icon NEXT WEEK Jan 2-6, 2012
      76 10 US DATA Jan 3 ISM Manufacturing Index Construction spending FOMC Minutes Jan 4 Factory orders Jan 5 Jobless claims ISM Non-manufacturing Index Jan 6 Employment situation SINGAPORE DATA Jan 3 Q4 advance GDP estimates EVENTS Jan 1 China releases manufacturing PMI for Dec US assumes
      76 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 1
      323 10 CRYPTIC CROSSWORD Across 1 Sent down in due course? (5,4) 9 Address where one left ripening peaches (6) 10 Isn’t money in Moscow easy! (2,7) 11 Get back about 100 publishers (6) 12 Brilliant but wayward anti-Fascist is leaving (9) 13 Without a key that’s found in coat on a
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    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 2
      20 10 SATURDAY with Ludwig ‘There’s my New Year’s resolution a high-definition TV with an image resolution of 1920 x 1080 pixels.’
      20 words
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  • COMPANIES
    • Article
      Lock icon Cacola Furniture names E&Y as auditor to validate cash position
      317 11  -  By Emilyn Yap emilyny@sph.com.sg CACOLA Furniture International has appointed Ernst Young Advisory as an independent auditor to verify its current cash position. Ernst Young will prepare and submit a report on its findings to the audit committee and the Singapore
      317 words
    • Article
      Lock icon Federal Int’l selling Banyan Utilities stake to Greenbridge
      428 11  -  By Ronnie Lim ronnie@sph.com.sg MAINBOARD-LISTED Federal International is selling off its 75 per cent stake in Banyan Utilities a dedicated five-mega-watt (MW) cogeneration plant which was built to supply utilities to now-defunct Australian biofuels maker Natural Fuels’ US$130 million Jurong Island plant.
      428 words
    • Article
      Lock icon Bank lending edges up 2.3% in November
      573 11  -  Business loans reverse fall to expand 2.9%; analysts see slow lending growth ahead By Conrad Tan conradt@sph.com.sg BANK lending rose modestly in November as loans to businesses resumed growth after shrinking in October. But lending growth in the coming months is likely to
      573 words
    • Article, Illustration
      Lock icon Partners may loan up to $794m for Market Street Car Park project
      436 12 They are CapitaLand, CapitaCommercial Trust and Mitsubishi Estate Asia UP to $794 million of funding for the redevelopment of Market Street Car Park could be provided via a unitholder loan from its project partners CapitaLand, CapitaCommercial Trust (CCT)
      PHOTO: CAPITACOMMERCIAL TRUST  -  436 words
    • Article
      Lock icon PCRT seals lease deal with Shanghai Summit
      322 12  -  Contract value for mall lease totals 94.1m yuan over 2.5 years By Mindy Tan tanmindy@sph.com.sg MAINBOARD-LISTED Perennial China Retail Trust (PCRT) said yesterday that it has leased out parts of its Shenyang Longemont Shopping Mall to Shanghai Summit Group for a total contract
      322 words
    • Article
      Lock icon Asia Silk EGM on Feb 1 to seek RTO approval
      293 12  -  By Carine Lee carinel@sph.com.sg ASIA Silk Holdings will hold an extraordinary general meeting on Feb 1 to seek shareholders’ approval for the acquisition of Chaswood Resources Sdn Bhd for $60.79 million in a reverse takeover (RTO) deal. The silk yarn
      293 words
    • Article
      Lock icon Asia-Pac loans touch record US$342b
      602 13 Singapore also set a new record in 2011 with US$40.8 billion of loans Reuters Hong Kong ASIA Pacific (ex-Japan) syndicated loan volume reached a new record of US$342 billion via 1,082 deals in 2011, a 27 per cent increase from 2010’s US$268.5 billion via 943
      Reuters  -  602 words
    • Article, Illustration
      Lock icon STI slides 1%, takes loss to 17% for 2011
      554 14  -  stocks R Sivanithy sivan@sph.com.sg Senior correspondent THE Straits Times Index (STI), having risen on Thursday ahead of the day’s bounce in Western markets, yesterday ended 2011 on a dour and downbeat note when it fell 26.43 points, or 1 per cent,
      554 words
    • Business briefing
      • Article
        Lock icon KepLand’s deemed stake in K-Reit Asia up
        68 14 KEPPEL Land’s deemed interest in K-Reit Asia has risen to 47 per cent from 46.51 per cent. This follows its receipt, through wholly owned K-Reit Asia Management (KRAM), of 23.53 million K-Reit Asia units priced at 85.54 cents apiece as payment of acquisition
        68 words
      • Article
        Lock icon Fragrance’s unit secures Tyrwhitt Road properties
        62 14 FRAGRANCEGroup’s unit, Fragrance Heritage Pte Ltd, has beenawarded thetender for the purchase of the properties known as TS 17 Lots 269A and 280C at Tyrwhitt Road for $52.11 million. The freehold development land has a total land area of 2,254.2 square metres and can
        62 words
      • Article
        Lock icon Genting, Philippine partner to build Resorts World Bayshore
        80 14 GENTING Hong Kong and partner Alliance Global Group in the Philippines’ largest casino plan to start building Resorts World Bayshore next year as volume in the existing project climbs, Alliance president Kingson Sian said in an interview in Manila. Bayshore will not
        80 words
      • Article
        Lock icon Hong Fok Corp borrows $723m to refinance debt
        69 14 HONG Fok Corporation, a Singapore-based developer, borrowed $723 million in a two-part loan, according to data compiled by Bloomberg. The loan consists of a term facility of $673 million and a revolving credit facility of $50 million. Both mature in July 2014.
        69 words
    • Article
      Lock icon TOP 20 ACTIVES
      110 14 VOL CLOSE Yoma 25,989 21.5 3.3 18.1 NobleGrp 22,085 113 -1.5 -1.3 CNMC 16,231 47.5 1.5 3.3 CapitaLand 15,541 221 -4.0 -1.8 AusGroup 15,327 31.5 0.5 1.6 GoldenAgri 15,252 71.5 -0.5 -0.7 GMGGlobal 11,803 11.2 0.0 0.0 LionGold 11,300 87 1.0 1.2 IEV 11,107 47 -0.5 -1.1
      110 words
    • Article
      Lock icon STI STOCKS
      108 14 Stock name Close Change CapMallsAsia 1.130 -0.015 CapitaLand 2.210 -0.040 CapitaMall 1.700 -0.015 CityDev 8.900 -0.130 ComfortDelGro 1.415 -0.015 DBS Grp 11.520 -0.130 F&N 6.200 -0.030 GLP 1.755 -0.005 Genting SP 1.510 -0.010 Golden Agri 0.715 -0.005 HK Land 4.540 -0.040 JMH 47.050 -0.800 JSH 27.670 Jardine C&C
      108 words
    • Article
      Lock icon Fortune Reit hires ANZ, DBS and Stanchart for loan
      226 14 Bloomberg Hong Kong FORTUNE Real Estate Investment Trust (Reit) hired Australia and New Zealand Banking Group Ltd (ANZ), DBS Bank Ltd and Standard Chartered plc (Stanchart) to arrange and underwrite a HK$1.4 billion (S$233 million) three-year loan, according to a person
      Bloomberg  -  226 words
    • Article
      Lock icon TOP GAINERS
      63 14 BY CENTS CLOSE UP GLD 10US$ *****1939.3 9.9 DBXT AUD Bonds 5AU$ ***** 108.1 0.5 DBXT E50 10US$ 3373 63.7 1.5 DBXT MSEurope 10US$ 3986 55.9 1.1 DBXT MSKorea 10US$ 5135 46.8 0.7 DBXT FTVietnam 10US$ 1820 31.2 1.3 DBXT MSINDO 10us$ 1473 31.2 1.7 DBXT CSI300 10US$
      63 words
    • Article
      Lock icon TOP LOSERS
      53 14 BY CENTS CLOSEDOWN DBXT Nifty 10US$ 8875 -81.8 -0.7 DBXT S&P Short 10US$ 4145 -49.4 -0.9 UOB 1527 -27.0 -1.7 DBXT DBCBDJUBS 10US$ 3267 -26.0 -0.6 IS MSCI Spore 1082 -20.8 -1.5 Keppel Corp 930 -17.0 -1.8 Jardine C&C 4812 -16.0 -0.3 Kep Corp.ES.1112 936 -14.0 -1.5 CityDev
      53 words
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      65 11 I Men's Health RtNHB :ostate Health w*h High Strength Formulation mmwmbh W"" 1 •*~<JC \ifr_ r ■•in rrostate Health m A Kidney Fixxtton V5* Order now at www.eiessence.com.sg or rostate Health support the health of prostate. Helps men urinate smoothly! 100% Pure Natural Ingredients Your result may vary. Money refund
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      1490 13 ASIA SILK HOLDINGS LIMITED Incorporated in the Republic of Singapore (Company Registration No.: *****1894D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of ASIA SILK HOLDINGS LIMITED (the “Company”) will be held at Republic of Singapore Yacht Club, Nautica 1, Level 2, West
      1,490 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon What will next year bring?
      831 15  -  from the desk of Risk aversion has been an omnipresent theme in financial markets in 2011, but amid the gloom, there are some bright spots investors should not overlook Stefan Hofer CAIA Emerging Markets Strategist Julius Baer Research WITH2011drawing to a close, how should investors
      Source: Datastream, Julius Baer  -  831 words
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  • SINGAPORE
    • Article
      Lock icon Lee Kuan Yew Fund for Bilingualism draws $58m
      630 16  -  It is wholeheartedly supported by all ethnic communities By Chuang Peck Ming peckming@sph.com.sg BARELY a month after it was started, the Lee Kuan Yew Fund for Bilingualism has attracted more than $58 million in donations and pledges more than half its target.
      630 words
    • Article, Illustration
      Lock icon FAR FROM THE SHOPPING CROWD
      113 16 IT’S often touted as the sale worth waiting for. But this little boy was oblivious to all the pedestrian traffic leaving Centrepoint with big bags marked “sale”. Those driving there had a hint of things to come as traffic started to build up from the
      ARTHUR LEE  -  113 words
    • Article
      Lock icon PUB working to prevent more floods
      532 16  -  By Tam Yu Ling tamyl@sph.com.sg FOLLOWING last Friday’s flash floods, national water agency PUB says it will work closely with the management of affected buildings to find out the cause of the floods and identify ways to prevent a recurrence. Sustained downpour over a
      532 words
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  • WORLD
    • Article, Illustration
      Lock icon Bank of America set to finish last for the year
      581 17 Stock is on track to be the year’s worst performer in the DJIA, down 59% for the year Bloomberg New York BANK of America is on track to be this year’s worst performer in the Dow Jones Industrial Average as
      Bloomberg  -  581 words
    • Article
      Lock icon Pyongyang maintains tough stance with Seoul
      499 17 Under new Kim, it denounces S Korean govt’s ‘evil misdeeds’ AP Pyongyang NORTH KOREA warned the world yesterday that there would be no softening of its position towards South Korea’s government after Kim Jong Il’s death as Pyongyang strengthenedhissonandheir’sauthority with a new title: Great
      AP  -  499 words
    • Article, Illustration
      Lock icon Spain revises up 2011 budget deficit
      561 18 New govt’s first round of austerity measures includes surprise hikes in income and property taxes AP, Reuters Madrid SPAIN’S new government warned yesterday that the country’s budget deficit will be higher than anticipated this year as it unveiled a first batch of austerity measures
      AP, Reuters; AFP  -  561 words
    • Article
      Lock icon A year of failed bids for bourses
      534 18 Bloomberg New York THE biggest wave of takeover offers ever for publicly traded stock and derivatives exchanges has done little for investors in 2011, as more than US$21 billion of equity value was erased and only one deal closed. NYSE Euronext shares have
      Bloomberg  -  534 words
    • Article
      Lock icon Firms get bonus from stock option tax benefits
      332 18 NYT New York THE stock market’s rebound from the financial crisis three years ago has created a potential windfall for hundreds of executives who were granted unusually large packages of stock options shortly after the market collapsed. Now, the corporations that gave
      NYT  -  332 words
    • Article, Illustration
      Lock icon US job market ends year in better shape
      710 19 Employers add some 143,000 jobs a month from Sept to Nov, almost double the pace for previous three months AP Washington THE long-suffering US job market is ending the year better off than it began. The number of people applying for unemployment
      AP  -  710 words
    • Article
      Lock icon Retailers hit hard as Aussies cut spending
      507 19 Bloomberg Sydney AUSTRALIA’S mining boom, which has powered the nation’s economy to faster growth than the United States, Europe and Japan, isn’t filtering down to the country’s A$250 billion (S$330 billion) retail sector. One reason: a national savings rate near a quarter-century high.
      Bloomberg  -  507 words
    • Article
      Lock icon China announces curbs on foreign investment in auto production
      388 19 AFP Beijing CHINA said on Thursday that it will “withdraw support” for foreign investment in auto manufacturing to encourage the domestic industry in the world’s largest car market. Some of the world’s biggest car firms including GM, Honda and Volkswagen have
      AFP  -  388 words
    • Article, Illustration
      Lock icon Indian govt criticised over stalled anti-corruption law
      586 20 Bill’s future now uncertain, but will most likely have to be revised and again presented to lawmakers in the opening session of Parliament in 2012 AFP New Delhi INDIA’S government faced fierce criticism in the media and from the opposition yesterday after it
      AFP; AP  -  586 words
    • Article
      Lock icon Japan’s DPJ agrees to defer sales tax rise
      471 20 Reuters Tokyo JAPAN’S ruling party tax panel, facing growing public opposition, agreed yesterday on a new timetable for increases in the sales tax, with the first rise not coming until April 2014, six months later than originally planned. Japan, which will rely
      Reuters  -  471 words
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      Lock icon Page 17 Advertisements Column 1
      126 17 Announcement by Silberline Manufacturing Pte. Ltd. We are pleased to announce that Silberline Manufacturing Pte. Ltd. (Company Registration No. *****3199H) (the “Company”) has acquired, as a going concern, the whole of the undertaking, assets and liabilities of Silberline Asia Pacific Inc. (Singapore Branch) (UEN Reference Number: S98FC5465C). This will come
      126 words
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      Lock icon Page 17 Advertisements Column 2
      388 17 IN THE MATTER OF THE COMPANIESACT, CAP. 50 AND IN THE MATTER OF SLING MEDIAPTE. LTD. (Company Registration No. *****0061E) (In Members’Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] I,theRepresentativeofSLINGMEDIA, INC. the holding company beneficially entitled to the whole of the issued shares of SLING MEDIA PTE LTD, pursuant
      388 words
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  • Page 20 Advertisements
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      Lock icon Page 20 Advertisements Column 1
      77 20 SINGAPORE'S PREMIER HOME-GROWN CAR MAGAZINE SINGAPORE MOTORSPORTS HUB: WILL IT EVER BE BUILT? THE BEST NEW CARS OF 2011 HOWTOBUYA SECOND-HAND SPORTS CAR ICONREBORN DRIVES > FERRARI 458 SPIDER MASERATI GRANCABRIO VS BMW 6501 CONVERTIBLE > AUDI SB A8 W12 NISSAN SILVIA S15 MOD JOB SMALL CARS SHINE BRIGHT TOKYO
      77 words
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  • SGX
    • Article
      Lock icon SGX CATALIST
      9611 24 Transaction date: Dec 30 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 11.6 8Telecom 15.5 1.4 15 7.8 3.9 3.2 74.2 9.5 4 A-Sonic 4.5 +0.1 4 4.5 4.5 4.5 5 2.9
      9,611 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 24 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 5 4 0 0 0 8 5 4 Manufacturing 57 33 24 3 5 6 60 38 30 Commerce 23 16 15 5 2 3 28 18 18 Tpt/Stor/Comms 8 19 8
      186 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      759 24 For week beginning Dec 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) PSL Hldgs Ltd 29-Dec-11 Tan Ong Huat *Sell ***** na ***** 19.39 0 0.00 S Chance Prop
      759 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      120 24 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 9,338 9,338 35,083 35,083 Manufacturing 70,760 4,067 74,827 71,313 100 71,413 Commerce 48,915 8,682 57,597 58,916 640 59,556 Tpt/Stor/Comms 40,594 2,910 43,504 62,701 427 63,128 Finance 11,236 11,236 83,132 83,132 Construction 11,413 4,136 15,549 2,883
      120 words
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  • MARKETS
    • Article
      Lock icon LIFFE
      82 25 Dec 29 COCOA (£/tonne) Close Prev High/Low Mar 12 1364 1390 1398/1362 May 12 1382 1407 1408/1380 Jul 12 1400 1423 1422/1398 Sep 12 1414 1438 1441/1412 COFFEE (US$/tonne) Close Prev High/Low Jan 12 1767 1777 1777/1755 Mar 12 1807 1818 1819/1795 May 12 1842 1853 1854/1830 Jul 12
      82 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE As 29 December 2011
      128 25 As on 29 December 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT FEB2012 1558.10 1527.60 1540.60 98 CURRENCY AUD-USD FUT MAR2012 1.0038 .9958 1.0034 4060 EUR-USD FUT MAR2012 1.2970 1.2870 1.2953 8201 USD-JPY FUT MAR2012 77.75 77.57
      128 words
    • Article
      Lock icon METALS
      66 25 Dec 30 GOLD (US$/oz) Dec 30 Dec 29 Hong Kong 1566.*****0.00 Dec 29 Dec 28 London 1530.*****2.96 1531.*****3.73 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 36.48 35.81 Source: UOB PLATINUM Lon (US$/oz) Dec 29 Close Previous PM Fix 1354.*****8.00 AM Fix 1364.*****5.00 Source: Thomson Reuters PLATINUM NYMEX
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    • Article
      Lock icon PALM OIL
      60 25 Dec 30 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 12 3154.0 3175.0 3175.0 3154.0 107 837 Feb 12 3159.0 3175.0 3176.0 3159.0 734 ***** Mar 12 3157.0 3175.0 3179.0 3154.0 7766 ***** Apr 12 3151.0 3170.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      79 25 Dec 30 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 05.04.2012 0.37 1-Year BY*****W 01.11.2012 0.37 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 102.85 102.9 102.8 5-Year N*****0W 1.125 01.04.2016 102.2 10-Year NX*****X
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 25 Dec 30 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3185 1.3197 1.0151 1.0156 Canadian dollar 1.2717 1.2730 0.9790 0.9797 Euro 1.6808 1.6819 1.2940 1.2944 NZ dollar 1.0031 1.0043 0.7723 0.7729 Sterling pound 2.0042 2.0054 1.5430 1.5433
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    • Article
      Lock icon CHICAGO BOT
      93 25 Dec 29 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jan 12 1187.*****8.*****1.*****3.50 Mar 12 1197.*****8.*****1.*****3.00 May 12 1207.*****7.*****1.*****2.75 Jul 12 1217.*****7.*****0.*****2.25 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Jan 12 51.14 51.78 51.66 51.04 Mar 12 51.52 52.16 52.07 51.41 May 12 51.87 52.51 52.39
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    • Article
      Lock icon OIL
      75 25 Dec 29 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 106.66 -0.63 WTI (Near Mth) 99.66 0.21 Dubai (1-Mth F) 104.76 -0.47 Tapis blend 115.66 -1.38 Minas 113.16 -1.38 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 99.72 -0.39 Jet Kerosene 121.75 0.15 US$/barrel Opec Oil Basket Price
      75 words
    • Article
      Lock icon LONDON METALS
      69 25 Dec 29 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1974.00 1984.75 3 months 1991.50 2000.00 Copper, Grade A (US$/tonne) Cash 7413.75 7446.75 3 months 7425.00 7465.00 Lead (US$/tonne) Cash 1975.50 1938.75 3 months 1999.00 1960.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT`L INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Dec 29 Index Change Change Change Change Change Change World Preliminary 827.3 0.6 -7.8 0.8 -6.8 0.6 -8.2 ‡EAFE Preliminary 678.1 0.6 -15.3 0.6 -14.7 0.4 -16.0 Europe Preliminary 1019.3 0.9 -12.8
      373 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      119 25 currency Dec 30 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.349 1.285 Can dollar 1.296 1.247 Euro 1.713 1.648 Sterling pound 2.039 1.961 NZ dollar 1.032 0.983 US dollar 1.319 1.269 Local dollars to 100 units of foreign currency: Currencies
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      Lock icon STOCK MARKETS
      90 25 YTD change: -17.04% 52-week high: 3,280.77 on Jan 7,2011 52-week low: 2,521.95 on Oct 5,2011 Source: Bloomberg YTD change:-19.97% 52-week high: 24,468.60 on Apr 8,2011 52-week low: 16,170.30 on Oct 4,2011 Source: Bloomberg YTD change: +6.13% 52-week high: 12,876.00 on May 2,2011 52-week low: 10,404.40 on Oct 4,2011
      Source: Bloomberg  -  90 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Capitalising on human nature
      1156 26 / 27  -  Increasing a company’s Behavioural Economics IQ is a vital management discipline and the key to superior performance and long-term growth. By John Fleming The writer is principal and chief scientist, Gallup Consulting IN TODAY’S hyper-competi-tive, global and now, turbulent business environment, where will your company’s next
      STOCK.XCHNG  -  1,156 words
    • Article
      Lock icon Managing talent with a long-term view
      755 26 / 27  -  By Paul Endacott The writer is managing director of Ambition Singapore, a recruitment firm specialising in accounting, finance and technology jobs NO one in the recruitment sector would dispute that the travails of the global economy are affecting Singapore’s employment market. Recent months have
      755 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Tackling concerns over ETFs
        735 28 / 29 Proposed European rules would make product providers clearly distinguish between funds backed by real assets and their more ‘synthetic’ counterparts Reuters London NEWguidelinesthat could be adopted next year on how exchange traded funds (ETFs) are sold would be a shot in the arm for the industry,
        Reuters; REUTERS  -  735 words
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        Lock icon UK govt bonds perform best as London avoids euro stress
        1285 28 / 29 Bloomberg London THE UK is home to this year’s bestperforming government bond market as investors seek a haven in nations with top credit ratings and their own monetary policy. Gilts have returned 17 per cent on average in 2011, including
        Bloomberg  -  1,285 words
      • Article, Illustration
        Lock icon In search of wisdom
        1661 30  -  A wise person is one who knows when and how to improvise, and to make an exception to every rule show me the money| Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder PEOPLE want to be virtuous but rules kill moral skills,
        AFP  -  1,661 words
    • WEALTH REAL ESTATE
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      53 1 TIMELY ARRIVAL Restaurants opening in time for new year DINING Chefs not cooking L5 LivingTHEBUSINESSTIMESWEEKEND|DECEMBER31,2011-JANUARY*****BTTHE BUSINESS TIMES WEEKEND DECEMBER 31, 2011-JANUARY 1 2012 STYLE 2011 hotspots L8-11 GOLF Off the beaten course L17 NO HOLDS BARRED Highlights of a remarkable year L16 PHOTO: 7ADAM MOTORING New for 2012 L18-19 SHOPPING
      53 words
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon Timely arrival
        3114 2/3  -  For foodies, what better way to usher in 2012 than to countdown to the arrival of new restaurants in town. BT Weekend looks at three new establishments that are opening just in time for the new year. 2012 looks set to be an exciting year for foodies, with
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      • Article, Illustration
        Lock icon Chefs not cooking
        1036 5  -  BT Weekend gets a private peek into a little-known fact: Singapore’s top chefs gather monthly to dine in one another’s restaurants, swap tips and woes and, yes, talk about women. By Debbie Yong debyong@sph.com.sg YOU may know them by their cuisine, or maybe even for their tempers,
        ARTHUR LEE  -  1,036 words
    • WEEKEND WITH
      • Article, Illustration
        Lock icon Helping people help themselves
        750 6  -  themselves’Tawandang Microbreweries’ Kartchai Jamkajornkeiat uses his business know-how to improve the quality of life of ethnic minorities in Northern Thailand’s Doi Tung area. weekend with By Cheah Ui-Hoon uihoon@sph.com.sg ONthelastdayofNo-vember, Kartchai Jamkajornkeiat took a break from managing his popular breweriesinSingapore and Bangkok. But instead of checking
        STOCK.XCHNG  -  750 words
    • SHOPPING
      • Article, Illustration
        Lock icon Vintage pundit
        1025 7  -  Cameron Silver is riding the crest of a wave of interest globally in the collectible quality of vintage couture. By By Melissa-Lwee Ramsay mellwee@sph.com.sg EX-CABARET singer Cameron Silver is exactly the sort of person you want by your side when you’re trying to buy something as tricky as
        DECADES INC  -  1,025 words
    • STYLE
      • Article
        Lock icon 2011 HOTSPOTS
        39 8 / 9 2011 was the year that saw the most unexpected spots in Singapore blossom into hip places to hang out in. BTWeekend recaps the hot lifestyle spots of the year and looks at some up-and-coming spots for 2012
        39 words
      • Article
        Lock icon LITTLE INDIA
        244 8 / 9  -  By Melissa Lwee-Ramsay ONCE better associated as the go to place for curries, spices and saris, new lifestyle concepts have, for the past two years, been slowly but surely breathing new life into Little India. This includes the hugely popular Zsofi Tapas Bar (Dunlop Street), posh wineshop/showroom Booze
        244 words
      • Article, Illustration
        Lock icon TIONG BAHRU
        284 8 / 9  -  By Melissa Lwee-Ramsay EVEN as early as last year, Tiong Bahru was quietly growing a reputation as the site du jour for quirky lifestyle concepts but it was 2011 that sealed its position as one of the hottest lifestyle spots of the year. The launch of coffee joint
        FILE PHOTOS  -  284 words
      • Article, Illustration
        Lock icon DUXTON HILL
        362 8 / 9  -  By Melissa Lwee-Ramsay DUXTON has been in the limelight for a while, thanks in large part to the Deliciae Group who added tapas bar, Sabio, to the area this year after opening the highly popular steak frites joint L’entrecote last year. “Duxton Hill has certainly evolved from an
        FILE PHIOTOS  -  362 words
      • Article, Illustration
        Lock icon RODYK STREET
        346 8 / 9  -  By Debbie Yong IT was formerly known as the quieter end of Robertson Quay, but the row of refurbished warehouses along Rodyk Street further down the Singapore River towards Jiak Kim Street slowly stirred to life in 2011. Interestingly, a majority of the tenants in the stretch are
        346 words
      • Article, Illustration
        Lock icon THE REST OF CHINATOWN
        349 8 / 9  -  By Melissa Lwee-Ramsay PERHAPS riding on the growing popularity of Duxton Hill, the surrounding area that borders Chinatown has also blossomed, attracting enterprising restaurateurs to open shop there. This includes Napoli-born chef Anna Borrasi, who helms the Italian restaurant Amo on Craig Road and Tim Ross-Watson
        FILE PHOTOS  -  349 words
      • Article, Illustration
        Lock icon MARINA BAY FINANCIAL DISTRICT
        349 10 / 11  -  By Debbie Yong debyong@sph.com.sg A WHOLE lot of banging and drilling has been going on behind hoardings at the Marina Bay financial district this year but these were merely the signals of more exciting things to come. New skyscrapers mushrooming all over the city’s newest financial
        FILE PHOTO  -  349 words
      • Article, Illustration
        Lock icon GOODMAN ARTS CENTRE
        362 10 / 11  -  By Melissa Lwee-Ramsay THE East may not be one’s first port of call when it comes to the arts but all that changed this year when over 40 artists and arts group came together as tenants at the Goodman Arts Centre (GAC) a pilot of the National
        362 words
      • Article, Illustration
        Lock icon MALLS IN THE EAST
        556 10 / 11  -  By Melissa Lwee-Ramsay SHOPPING in the east of Singapore has never been quite as good as this year, thanks to some key malls opening up in the area in 2011. For the longest time, the fort was held by Marine Parade stalwart Parkway Parade and over
        556 words
      • Article, Illustration
        Lock icon 2012 Up-and-coming hotspots
        812 10 / 11  -  By Melissa Lwee-Ramsay mellwee@sph.com.sg By Geoffrey Eu btnews@sph.com.sg GARDENS BY THE BAY HELPING to bolster Singapore’s reputation of being a garden city is Gardens by theBay–101hectaresofprimelandatMarina Bay that is made up of three gardens, namely Bay South (the largest at 54 hectares), Bay East (32 hectares) and
        FILE PHOTO  -  812 words
    • Article, Illustration
      Lock icon Fair of face
      264 12 Ladies, count down those final seconds to the new year with a beautiful, elegant watch from AIGNER SPECIAL FEATURE CHRISTMAS Day may have come and gone but that doesn’t mean that the shopping must stop particularly in the run up to an early Chinese New Year in
      264 words
    • GADGETS
      • Article, Illustration
        Lock icon Hot tech tickets
        529 14  -  Set to hit the stores early next year are the already much-hyped Next Big Things such as the new Google phone and earphones that pack four speakers per earbud. By Christopher Lim limchris@sph.com.sg Samsung Galaxy Nexus $948 without contract Ice Cream Sandwich. Say it again and imagine
        529 words
    • HEALTH
      • Article, Illustration
        Lock icon New spa offerings on the way
        632 15 Global industry to promote fresh sensory experiences and treatments while focusing on long-term client ties Reuters BEAUTY coaching, online wellness, snow showers and sound massages are just a few of the luxury treatments clients at spas around the globe will be experiencing in 2012.
        Reuters; REUTERS; STOCK.XCHNG  -  632 words
    • SPORT
      • Article, Illustration
        Lock icon Highlights of a remarkable year
        970 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor IN all my years of writing about sport, there have been few moments that compel me to hit the replay button on my remote control again and again if only to make sure that what I
        PHOTOS: AP,  -  970 words
    • GOLF
      • Article, Illustration
        Lock icon Off the beaten course
        1071 17  -  Bulgaria and Iceland are among the places that have several undiscovered golf destinations. By Justine Moss btnews@sph.com.sg WHEN the International Association of Golf Tour Operators (IAGTO) announced the winner of the top undiscovered global golf destination in their annual golfing awards for 2012 last month, Bulgaria
        1,071 words
    • MOTORING
      • Article, Illustration
        Lock icon New for 2012
        1081 18/19  -  The COE quota will continue to shrink in 2012 but the premium models headed here don’t look like they are about to slow down. Here are some of those set to be launched in Singapore next year. By Samuel Ee Mercedes-Benz LONGER, wider and low, the new
        1,081 words
      • Article, Illustration
        Lock icon Singapore’s next top model?
        408 18/19  -  BMW’S firecracker performance this year has seen the German luxury brand speedingup thesalescharts as Singapore’stop make.Its 5 Series alsoclinches the top spot as the Republic’s favourite model. And it looks like BMW will repeat its success story in 2012 when the new 3 Series arrives. The
        408 words
      • Article, Illustration
        Lock icon Wolf in sheep’s clothing
        749 20  -  Considering its power and dynamism, the new BMW M5 is extremely understated. By Samuel Ee samuelee@sph.com.sg THE simple act of compressing air can lend itself to the creation of playthings that allow for many entertaining applications. Like paintball guns, for example, or scuba tanks. And, of
        749 words
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      818 12 wine&dine with BTWeekend Triple Three Level 5, Mandarin Orchard Singapore, 333 Orchard Road. Z6831 6288 Mandarin Orchard Singapore Named after the address of the hotel 333 Orchard Road, Triple Three showcases a sumptuous international buffet spread with over 128 culinary delights and 10 LIVE cooking stations. Celebrate Sundays at Triple
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      45 13 p v i n V >► a y Q 7 G A/ 7 A 9 AIGN Available at *AIGNER Boutique; Paragon, Raffles City, Takashimaya Watches of Switzerland; Paragon, VivoCity, The Centrepoint, Tampines Mall Department stores: Tangs; VivoCity, Orchard Robinsons; Marina Bay Sands, Raffles City, The Centrepoint
      45 words
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