The Business Times, 2 January 2012

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Total Pages: 46
1 24 The Business Times

  • TOP STORIES
    • 549 2  -  But they say transport costs, wage pressures may keep prices sticky for a while longer By Teh Shi Ning tshining@sph.com.sg Singapore GLOBAL economic slowdowns tend to bring with them some reprieve from inflation, but the let up in price increases will be slow this
      Source: Singapore Department of Statistics  -  549 words
    • 936 4  -  Quiet start to 2012 expected but volatility linked to eurozone crisis likely to return WALL STREET INSIGHT By Rob Curran bt wo rl d @s p h .co m .sg ANY economics professor teaching the folly of short-term trading can point to the
      BLOOMBERG  -  936 words
    • 928 5  -  Guidelines offer flexibility to adjust job terms for workers from age 62 By Chuang Peck Ming peckming@sph.com.sg Singapore IT looks like bad timing to roll out the Re-Employ-ment Act which came into effect yesterday at a time when the global market
      928 words
    • 565 5 Fresh policy support seen to bolster factories Reuters Beijing CHINA’S big manufacturers narrowly avoided a contraction last month, a survey showed yesterday, but downside risks persist and suggest the world’s second’s second-largest economy will need fresh policy support to counter a slowdown in
      Reuters  -  565 words
    • 13 5 Branchen Stars R1C-A EUR dbX-MACROTradingIndexFund I4D GBP 22/12/2011 137,91 20/12/2011 96,11
      13 words
    • 964 6  -  Unfounded suspicions over Olympus have turned the spotlight on Japan’s Yakuza By Anthony Rowley bt wo rl d @s p h .co m .sg Tokyo THE Yakuza, or Mafia, have been back in the news in Japan these past few months, although not because
      KYODO/REUTERS  -  964 words
    • 703 7  -  Retailers expected to adopt a wait-and-see attitude By Michelle Tan michtyz@sph.com.sg Singapore RENTS at Singapore’s malls, which have ridden on the nation’s success as a world-class shopping and event destination for most of the year, are expected to remain stable at best in 2012.
      703 words

  • Page 3 Advertisements
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      254 words


  • Page 5 Advertisements
    • 63 5 saveOne eloped Electronic Half Spiral PL Lamp Reducing lamp breakage mercury contamination Cut electricity usage by half Cut current (amperes) by 3 times Cut heat load by half Cut air-conditioning cost Can use directly without magnetic ballast. When used with existing magnetic ballast, the Power Factor can increase to 0.80.
      63 words


  • Page 7 Advertisements

  • COMPANY NEWS
    • 164 8 dec 30 ’11 BID PRICE value week-on-week change Best World 0.132 9.1 2,640 CSE Global 0.750 2.7 5,250 Biosensors 1.430 2.1 28,600 AIMS AMP I REIT 0.945 1.6 14,175 Lippo-Mapletree Trust 0.345 1.5 5,520 The Hour Glass 1.065 1.4 9,585 Goodpack 1.370 1.1 6,850 ASL Marine 0.460 1.1
      164 words
    • 435 8  -  Market fluctuations in the first half of 2012 expected to surpass those of 2011 Teh Hooi Ling hooiling@sph.com.sg Senior correspondent WHAT a year it has been. While 2011 started promisingly enough, the uncertainties cast by the European and the US
      435 words
    • 145 8 sentiment dec 30 ’11 bid price value week-on-week change Kingboard Copper Foil 0.132 10.0 3,300 Stats Chippac 0.420 5.0 2,940 Dairy Farm 12.080 4.3 12,080 CH Offshore 0.350 2.9 5,950 FSL Trust 0.280 1.8 3,080 Cityspring Infra Trust 0.330 1.5 2,970 Parkway Life Reit 1.780
      145 words
    • 167 8 dec 30 ’11 BID PRICE value week-on-week change TT Int'l 0.009 28.6 405 Stamford Land 0.560 3.7 10,080 China Merchants (Pacific) 0.620 3.3 6,820 Hong Leong Asia 1.565 2.6 10,955 Poh Tiong Choon Logistic 0.400 2.6 11,600 Nera Telecoms 0.420 2.4 9,240 Jaya Holdings 0.455 2.2 2,730
      167 words
    • 148 8 top losers China Auto Electronics 0.075 50.0 7,500 HanKore Env 0.038 8.6 3,800 Advance SCT 0.016 6.7 1,328 Synear Food 0.128 6.7 3,840 Mirach Energy 0.095 5.6 9,500 MoyaDayen 0.060 5.3 7,500 Ausgroup 0.315 5.0 11,655 Novo Group 0.200 4.7 13,200 China Oilfield Tech 0.031 3.3 2,201
      148 words
    • 155 9 dec 30 ’11 bid price value week-on-week change Dapai 0.041 20.6 1,107 Kingboard Copper Foil 0.132 10.0 3,300 China Fishery 0.910 4.0 8,190 Low Keng Huat 0.305 3.4 10,065 Swiber 0.530 2.9 5,300 Hupsteel 0.180 2.9 5,580 Hong Leong Asia 1.565 2.6 10,955 ASL Marine 0.460 1.1
      155 words
    • 165 9 dec 30 ’11 bid price value week-on-week change Kingboard Copper Foil 0.132 10.0 3,300 SanTeh 0.595 4.4 8,925 China Merchants (Pacific) 0.620 3.3 6,820 Sunningdale Tech 0.096 3.2 4,800 Fortune Reit 0.622 2.1 8,086 Auric Pacific 0.540 1.9 3,240 Hotung Investment 0.124 1.6 5,952 Metro 0.650 0.8
      165 words
    • 925 9  -  INSIDE MARKETS By Robert Halili ~The writer is managing director at Asia Insider Ltd Singapore DIRECTORS ended 2011 with a whimper as their purchase activity fell for the second straight week while the selling remained very low during the holiday-shortened week
      925 words
    • 502 10  -  IDs urge compliance with SGX’s listing rules but they do not form the majority: independent director By Kenneth Lim kenlim@sph.com.sg Singapore THERE is a split in China Sky Chemical Fibre’s board over whether to comply with a Singapore Exchange (SGX) directive for
      502 words
    • 794 10 NYT New York IT seems that anxious investors in these troubled economic times are seeking safety in crowds. The prices of stocks, bonds and a host of other financial assets, which in normal conditions more often than not move in a diversity of
      NYT; AFP  -  794 words



  • SINGAPORE NEWS
    • 550 11  -  In Singapore, the proportion expecting higher operating profit for the year rises to 2-in-5 from 1 -in-3: Jetro By Chuang Peck Ming peckming@sph.com.sg THE business outlook for 2012 is generally grim, but apparently not for Japanese companies operating in Singapore and many other
      550 words
    • 216 11  -  By Arthur Lee arthurl@sph.com.sg IT was a show to lift the spirits as Singapore ushered in the New Year at the stroke of midnight with a fireworks extravaganza at Marina Bay-Esplanade waterfront. Hundreds of thousands of spectators packed the area to catch the
      ARTHUR LEE  -  216 words
    • 100 11 SMRT yesterday said that all but one of the trains damaged in the service breakdowns last month are up and running. “Commuters returning to work or school in the new year will enjoy train frequency of 2.14-2.5 minutes at the height of weekday morning rush hour
      100 words

  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1242 12  -  Quantine has come up with a portal that allows firms to hire faster and at lower cost. STARTING YOUNG By Teh Shi Ning tshining@sph.com.sg ECHOING the calls for “cheaper, better, faster” workers, HR solutions start-up Quantine is offering an online recruitment platform which it thinks will
      YEN MENG JIIN  -  1,242 words
    • 992 13  -  Advanced techniques, and when it does not matter at all. By Mindy Tan tanmindy@sph.com.sg PICKING up from our earlier article, where we discussed some of the principles and theories that can be used to measure volatility, the next question probably is: what next? Before we delve into
      STOCK.XCHNG  -  992 words

  • Page 13 Advertisements
    • 323 13 Get started now ‘Spot the Index’ contest THINK you can forecast where the market’s headed? Then put your skills to the test and familiarise yourself with our local stock market index, the Straits Times Index (STI), now. Simply spot the weekly closing index rate and stand to win an Apple
      323 words

  • STRAITS TIMES INDEX
    • 807 14/15  -  TEXT: R SIVANITHY IT was supposed to be a year where a recovering US economy tookthe rest of the world with it. Instead, it turned out to be a low volume, high volatility year, when liquidity dried up and risks surged. Markets were rocked by
      ~ ARTWORK: HYRIE RAHMAT; ~ PHOTOS: AFP, AP, BLOOMBERG, REUTERS, STOCK.XCHNG  -  807 words

  • WORLD
    • 540 16 Many approach the new year with more relief than joy as 2011 is written off as a dud year AP New York REVELLERS erupted in cheers amid a confetti-filled celebration in New York’s Times Square to welcome in the new year, part of star-studded
      AP  -  540 words
    • 384 16 AFP Paris FACING a tough election fight in four months, French President Nicolas Sarkozy kicked off the New Year warning voters that 2012 is “full of risks” and that France’s future will hang in the balance. France entered an unpredictable election year
      AFP  -  384 words
    • Briefing
      • 127 16 Reuters New Delhi INDIA will allow individual foreign investors direct access to its stock market from Jan 15, the government said yesterday, the latest step to liberalise Asia’s third-largest economy after a year of big losses on the benchmark Sensex index. Previously,
        Reuters  -  127 words
      • 99 16 AP London THE British government launched an investigation last Saturday into whether potentially faulty breast implants fitted by the now-defunct French company Poly Implant Pro- these pose a risk to women. Health Secretary Andrew Lansley ordered the urgent review of the safety
        AP  -  99 words
      • 103 16 AFP Seoul SOUTH Korea said yesterday that its exports would weaken and trade surplus dwindle this year as global trade shrinks amid prolonged economic woes in Europe and the US. The Ministry of Knowledge Economy said that the country recorded an annual
        AFP  -  103 words
    • 634 17 But analysts warn of a tough 2012 as market volatility continues AFP Hong Kong HONG KONG looks set to retain its crown as the world’s biggest IPO market for the third year in a row, pipping New York, but analysts
      AFP  -  634 words
    • 306 17 AFP London FIXING now poses the biggest threat to the integrity of the Olympics, the British minister for the 2012 London Games told The Sunday Times newspaper, citing illegal Asian betting rings. Olympics Minister Hugh Robertson said that fixing had overtaken drug cheats in
      AFP  -  306 words
    • 540 18  -  MALAYSIA INSIGHT Pauline Ng KL correspondent IF it’s a “bread war” it’s one with an unfortunate racial twist. In the past weeks, a campaign has been waged online by persons unknown against Gardenia bread in favour of Massimo’s. Why? Ostensibly because Gardenia’s bumiputera
      540 words
    • 499 18 AFP Mumbai INDIA has emerged as the world’s top source of junk mail as spammers make use of lax laws and absent enforcement to turn the country into a centre of unsolicited email messages. A recent report by Kaspersky Lab, a Moscow-based
      AFP  -  499 words
    • 779 19 Lately, the word ‘euro’ in a headline is usually paired with the word ‘crisis’ NYT Berlin WHEN the euro was introduced just after midnight on Jan 1,2002, celebratory fireworks exploded above the European Central Bank (ECB) headquarters in Frankfurt. The historic bridge the
      NYT; AFP  -  779 words
    • 203 19 AFP New York FACEBOOK co-founder and chief executive Mark Zuckerberg has deflected talk of going public for years, but it looks like it is finally going to happen in 2012. “The Facebook IPO will be the biggest financial event in the tech industry for 2012,”
      AFP  -  203 words

  • Page 17 Advertisements
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  • Page 18 Advertisements
    • 43 18 THE SINGAPORE EDITION! SINGAPORE nry 2012* $5001 ncl GST) SEXY HAIR THAT < SHOWS YOU MHtL OFF Agron A t.* THE SECRETS TO SUCCESS, INSIDE Just $5 7 DEADLY SINS: Work For Wo ARE YOU GETTING IT? JANUARY ISSUE OUT NOW! FUN FEARLESS fy&tAoU'Si
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  • SHIPPING/AVIATION
    • 716 20 Ships will earn US$15,000 a day this year, about 4% less than in 201 1 on weak growth in demand for iron ore Bloomberg London THE weakest growth in demand in at least a decade for shipments of iron ore, the sec-ond-biggest commodity
      Bloomberg  -  716 words
    • 313 20 AP Midland, Texas A MAN was detained after trying to go through a security checkpoint at a Texas airport with explosives in military-grade wrapping, federal and local officials said. The man was stopped on Saturday at a security checkpoint at the Midland International
      AP  -  313 words
  • Page 20 Miscellaneous
    • 324 20 CRYPTIC CROSSWORD Across 1 Agent bound to be reinstated (8) 6 To step back will give foot protection (6) 9 Business fixed in minutes (6) 10 Holiness surprisingly intact in the outskirts of Surrey (8) 11 Stumbling upon clue for ‘disconnect’ (8) 12 Part the cad needed to play (6)
      324 words

  • 4679 21 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination Destination STXPO
    4,679 words



  • Page 24 Advertisements
    • 26 24 Experienced sh/p maintenance services wanted. Can they find your services here in the Shipping Times? The Business Times TO ADVERTISE, CALL JOE WONG AT 9620 1327
      26 words

  • DINING OUT
    • 767 25 debyong@sph.com.sg WITH its sprawling marble-topped bar constantly packed with office types their sleeves rolled up and knocking back beers rowdily it is easy to dismiss The Exchange as just another after-work watering hole in the CBD. But the 5,000 square foot restaurant, lounge and
      767 words

  • BIZIT
    • 535 26 Slower than expected e-commerce growth over the holidays cited Bloomberg New York AMAZON.COM Inc may miss fourth-quarter sales estimates, Goldman Sachs Group Inc predicted, citing slower than expected e-commerce growth over the holidays. Amazon’s revenue may rise 38 per cent from a year
      Bloomberg  -  535 words
    • 412 26 AFP New York AMAZON said last Thursday that it sold more than one million Kindles a week in December, with the new Kindle Fire tablet computer its top-selling item. Last year saw “the best holiday ever for the Kindle family
      AFP; AP  -  412 words
    • 1105 27  -  Gartner lowers forecast for 2012, pegging it at US$309b, due to macroeconomic conditions. By Amit Roy Choudhury amit@sph.com.sg THE global semiconductor market is expected to see modest growth of 2.2 per cent to US$309 billion this year, up from last year’s expected US$303 billion,
      1,105 words
    • 879 28  -  Customers pick smaller alternatives to expensive telepresence rooms. By Victoria Ho vhoip@sph.com.sg VIDEO-CONFEREN-CING has always been marketed as a tool for upperechelon executives, and pushed as a way to help them save on travelling. Another reason video-confer-ences have been kept relatively exclusive is
      879 words
    • What’s up
      • 56 28 SCOTT Jung has been made president of LG Electronics Singapore. Mr Jung will be based here, and will oversee the company’s branding efforts, marketing and sales. Prior to this, he was the chief financial officer of the company’s South-east Asia operations and has over
        56 words
      • 52 28 PHILIPS has launched its myLightAccent range of home accessories. The range includes vases, plates and ice coolers lined with coloured lights which offer light effects to highlight the products when in use. The products are a cooler (S$249), platter (S$199), vase (S$249) and
        52 words
      • 41 28 WESTERN Digital has announced a TV remote app to allow users to control their Western Digital media centres and players with their Apple iPhones and iPads and Android devices. The app is free across platforms.
        41 words
      • 42 28  -  Compiled by Victoria Ho SUPER Talent Technology, which manufactures Nand Flash storage, has released a portable solid state drive (SSD). The storage POD mini is equipped with USB 3.0 and is available in 60Gb, 120Gb and 240Gb.
        42 words
  • Page 26 Advertisements



  • Page 1 Advertisements
    • 159 1 Window on 2012 BT The year of rational pessimism By Joseph E Stiglitz S2 Industrialisation’s Second Golden Age By Justin Yifu Lin S4 What China wants in 2012 By Li Zhaoxing S6-7 The Europe of the future By Jean-Claude Trichet S8 Reinvigorate the rich to help the poor By Christine
      159 words

  • WINDOW ON 2012
    • 1060 2  -  The likelihood is that the economic and political problems that were so manifest in the US and Europe in 2011 will only grow worse in 2012. By Joseph E Stiglitz By Joseph E Stiglitz ~Joseph E Stiglitz is university professor at Columbia University, a Nobel
      AFP  -  1,060 words
    • 891 4  -  The global community must look beyond the eurozone and sovereign-debt crises and pay attention to the opportunity of structural transformation in the developing world’s real sectors. By Justin Yifu Lin ~Justin Yifu Lin is chief economist and senior vice-president for development economics at the World Bank,
      PHOTOS: AP, REUTERS  -  891 words
    • 896 5 Special Feature The nuclear weapon is the most destructive instrument of violence and terror ever invented by mankind. Presently, there are nine states with nuclear weapons, of which four are still non-participants of the Nuclear Non-Proliferation Treaty. A nuclear-weapon-free world is only achievable
      896 words
    • 856 6/7  -  China believes in deepening cooperation with all of the world’s major regions. By Li Zhaoxing By Li Zhaoxing ~Li Zhaoxing was China’s foreign minister from 2003-2007 and is currently chairman of the Foreign Affairs Committee of the National People’s Congress Beijing WITH economic globalisation and
      AFP  -  856 words
    • 643 6/7  -  What, Why, And The Way Forward Article by y Alfred Chi a Just as analysts were finalising their forecasts for the next year, the Singapore government made its surprise announcement: that it would impose an Additional Buyer’s Stamp Duty (ABSD) for private property of between
      643 words
    • 1035 8  -  It would be too bold not to consider creating a European finance ministry at some point. By Jean-Claude Trichet By Jean-Claude Trichet ~Jean-Claude Trichet was president of the European Central Bank (2003-2011), president of the Bank of France (1993-2003), and is currently a member of
      REUTERS  -  1,035 words
    • 863 9  -  The best way the international community can help is for the advanced economies to get their houses in order. By Christine Lagarde ~Christine Lagarde is managing director of the International Monetary Fund Washington, DC FOR the third time in five years, the world’s
      AP  -  863 words
    • 1062 10  -  Asia’s economies can still grow much faster than the developed West if they respond to prolonged stagnation by rebalancing their growth toward internal demand. By Laura Tyson By Laura Tyson ~Laura Tyson, a former chair of the US President’s Council of Economic Advisers, is a professor
      BLOOMBERG  -  1,062 words
    • 1019 11  -  Social networking has given citizens new tools of protest to topple governments, but what is also needed are new ways to make governments operate effectively and accountably. By Esther Dyson By Esther Dyson ~Esther Dyson, CEO of EDventure Holdings, is an active investor in a variety of
      AP  -  1,019 words
    • 967 12/13  -  eternalThere is hope that democratic processes will strengthen and spread across the Arab world in 2012. By Kemal Dervis By Kemal Dervis ~Kemal Dervis is vice-president of the Brookings Institution in Washington and adviser to the Istanbul Policy Center at Sabanci University. He was Turkey’s minister of
      PHOTOS: AFP, AP, REUTERS  -  967 words
    • 1029 14  -  Immigration is necessary for prosperity and growth in almost all OECD countries. By Peter Sutherland ~Peter Sutherland, former director general of the GATT and the WTO, is currently co-chair of the High-level Expert Group on Trade, set up by the UK, German, Turkish, and Indonesian governments
      REUTERS  -  1,029 words
    • 1117 15  -  He has performed much better in foreign policy than in domestic policy, which is all the more surprising given the weak hand he was dealt. By Anne-Marie Slaughter By Anne-Marie Slaughter ~Anne-Marie Slaughter, director of policy planning in the US State Department from 2009-2011, is professor of
      BLOOMBERG  -  1,117 words
    • 939 16 / 17  -  The unanimity that prevailed in the first phase of the financial crisis that began in ’08, and which culminated in April ’09, has dissipated long ago. By George Soros By George Soros ~George Soros is chairman of Soros Fund Management and of the Open Society Institute
      REUTERS; AFP; FILE PHOTO  -  939 words
    • 1256 18 / 19  -  A fundamental foreign-policy weakness is the assumption that political solutions alone provide a sensible path to the future. By Tony Blair By Tony Blair ~Tony Blair, a former prime minister of the United Kingdom, is the founder of the Tony Blair Faith Foundation (www.tonyblairfaithfoundation.org) London THE term
      PHOTOS: AP, AFP, REUTERS  -  1,256 words
    • 1102 20  -  Women leaders now seem to use their positions with far more confidence in putting women and their concerns squarely at the centre of their agendas. By Vishakha N Desai By Vishakha N Desai ~Vishakha Desai is president and CEO of Asia Society, which will host
      PHOTOS: THE NATION, BANGKOK; REUTERS; AP  -  1,102 words
    • 932 21  -  Russians heckle Putin not because he has turned Russia into an industrial banana republic, but because he no longer inhabits his role convincingly. By Nina L Khrushcheva By Nina L Khrushcheva ~Nina Khrushcheva, author of ‘Imagining Nabokov: Russia Between Art and Politics’, teaches international affairs at
      AP  -  932 words
    • 1057 22/23  -  The EU’s resilience indeed, its very survival is being called into question at a time of profound geopolitical transformation, in which a stronger Europe is essential. By Javier Solana By Javier Solana ~Javier Solana is distinguished senior fellow in foreign policy at the Brookings Institution and president
      PHOTOS: BLOOMBERG  -  1,057 words
    • 861 24  -  The interests of customers and clients must be at the very heart of every decision. By Bob Diamond By Bob Diamond ~Bob Diamond is chief executive of Barclays London SOON after the financial crisis began in 2008, I was at a meeting in the United States where
      AP  -  861 words




  • Page 6/7 Advertisements
    • 259 6/7 THIS s OHtStMlHM* INVESTOR* WUSTNOTWSS^ our guest speakers "Investment Strategies For 2012” Mr Rainer Krieg Associate Director (Investment) SingCapital venue HOB Hub Auditorium, Basement 1. lor 6 Toa Payoh date 9 January 2012, Monday time 6.00pm to 10.00pm fee $2S per person (indudes light refreshment and souvenirs) Mighty. Auspicious. Powerful.
      259 words