The Business Times, 16 December 2009

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Microfilm: NL30339
Total Pages: 30
1 30 The Business Times
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  • Title Section
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    20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 123/08/2009 Wednesday, December 16,2009
    20 words
  • Article
    Lock icon Citi fundraising could dilute GIC's stake
    694 1  -  CONRAD TAN Shareholders face 20% dilution unless they invest more By [SINGAPORE] The Government of Singapore Investment Corporation's (GIC) shareholding in Citigroup will be severely diluted by the US bank's new share issuance unless it pumps more money into the firm. Citi said on
    694 words
  • Article, Illustration
    Lock icon Sfporefs next port of call may be rising in the west
    609 1  - S fpore fs next port of call may be rising in the west RONNIE LIM VINCENT WEE Surveys underway in Tuas View Extension, which looks set to become next big port development By and [SINGAPORE] Tuas View Extension the hockey stick-shaped piece of land at the westernmost tip of Singapore
    SEMBCORP MARINE  -  609 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      88 1 IS$ (S$ per US$) 1.393 (USS/SS per 1.626 2.265 ;URO (US$/S$/E) 1.460 2.033 Foreign currency per US$ S$ 'EN 89.10 64.00 3.413 2.450 IK$ 7.752 5.566 !AHT 33.15 23.80 lUPIAH 9,468 6,798 1ENMINBI 6.829 4.903 INDIAN RUPEE 46.65 33.49 1.099 0.789 IZ$ 1.382 0.992 1COMP 1,270.81 +5.36 IIKKEI225 10,083.48
      88 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 15.073 TAIWAN 4.696 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.53 INDIA 11.75 Source:
      Bloomberg  -  29 words
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      74 1 PROPERTY AIRLINE INDUSTRY EXEC MONEY TRANSPORT HUB /*B^JL^ New condo sales fall Like flying back into t^^-JI Equity weightings Detroit Electric to offer -F-/ for 4th straight month 2007-only worse set to remain high affordable electric cars tL /BB| PAGE 3 PAGE 4 I ft PAGE 30 PAGE 21 **>"v-
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon S'pore's next port of call may be rising in the west
        58 2 TUAS View Extension looks set to become the country's next major port development. The Maritime and Port Authority is slated to start soil investigation and seismic surveys there anytime now, reinforcing talk of a relocation of port operations in
        58 words
      • Article
        Lock icon Citi fundraising could dilute GlC's stake
        60 2 THE Government of Singapore Investment Corporation's shareholding in Citigroup will be severely diluted by the US bank's new share issuance unless it pumps more money into the firm. BT's calculations show that existing common shareholders are likely to suffer a dilution of about 20
        60 words
      • Article
        Lock icon No more 3-year telco contracts, fixed penalties
        68 2 THE government has imposed new telecoms guidelines to weed out the practice of lengthy subscriber contracts and fixed early-termination charges. The maximum tenure for all new fixed line, mobile and broadband contracts must be under 24 months, down from 36 currently. Fixed, non-negotiable
        68 words
      • Article
        Lock icon New condo sales fall for 4th straight month
        53 2 THE number of new private homes sold in November has fallen 26 per cent month on month to 600 the fourth straight monthly fall since July's peak. November sales were also the lowest since January, when just 108 units were sold. TOP
        53 words
      • Article
        Lock icon Like flying back to 2007 – only worse
        51 2 Like flying back to 2007 only worse AFTER making losses of some US$ll billion in 2009, the global airline industry will collectively be US$5.6 billion in the red in 2010, according to the International Air Transport Association (lata). This is worse than the US$3.B billion predicted earlier. TOP STORIES, PAGE
        51 words
      • Article
        Lock icon Glencore to buy Chemoil stake from founding family
        53 2 GLENCORE International, the world's biggest commodity trader, has agreed to buy the founding Chandran family's 50.81 per cent stake in Chemoil Energy for U*****.28 million, or 35.52 US cents per share. This values the Singapore-listed marine fuel supplier at US$459 million. COMPANY
        53 words
      • Article
        Lock icon Bedok site tipped at over $500m
        70 2 A PLUM 99-year leasehold site next to Bedok MRT Station that some property consultants say could be worth more than $500 million is now open for application by developers through the government's reserve list. The 2.49-hectare plot can be built into a suburban mall
        70 words
      • Article
        Lock icon Japan sticking to 44t yen cap on 2010 bond issues
        79 2 JAPAN will stick to a self-imposed cap on new bond issues next year as it tries to alleviate growing worries about its rapidly rising debt, although the pledge met with scepticism among investors. The formal commitment in pre-budget guidance to
        79 words
      • Article
        Lock icon China to curb home price surge
        75 2 CHINA'S economic planners have vowed to curb property speculation while downplaying fears that surging prices for real estate, food and other essentials may herald an inflationary spiral. Property prices have risen steadily since March, buoyed by lavish government support, tax cuts, a flood of
        75 words
    • Article
      Lock icon No more 3-year telco contracts, fixed penalties
      510 2  -  WINSTON CHAI IDA's new rules are meant to safeguard the interests of consumers By [SINGAPORE] The Republic's telecommunications regulator has imposed a new set of operating guidelines for local operators to weed out the practice of lengthy subscriber contracts and fixed early-termi-nation charges.
      510 words
    • Article
      Lock icon World Cup viewing hangs in the balance
      414 2  -  WINSTON CHAI Sing Tel, Star Hub now put up joint bid to clinch the deal By [SINGAPORE] The fate of the broadcast rights for the world's biggest football event continues to hang in the balance as talks remain deadlocked between Fifa and Singapore's
      414 words
    • Article
      Lock icon MOM: 14,000 jobs added in Q3
      585 2  -  JOYCE HOOI By [SINGAPORE] Employees in Singapore who spent a large part of 2009 in fear of the axe might be able to breathe a little easier. Some might even be able to start jockeying for a pay raise or at least a reinstatement
      585 words
    • Article
      Lock icon Shivering delegates seek some warming
      467 2  -  CHUANG PECK MING By in Copenhagen THE United Nations' climate change conference here, the biggest of its kind so far, is aimed at preventing global warming. But the thousands of delegates from non-governmental organisations (NGOs) queuing up in the freezing cold to get into the
      467 words
    • Article, Illustration
      Lock icon New condo sales fall for 4th straight month
      695 3  -  UMA SHANKARI But rate of decline is easing; attention shifts to mid-tier and high-end homes By [SINGAPORE] The number of new private homes sold in November fell 26 per cent month-on-month to 600 the fourth straight monthly fall since July's peak. November
      :URA  -  695 words
    • Article, Illustration
      Lock icon ChildAid fundraising crosses $1m mark
      377 3  -  NISHA RAMCHANDANI By [SINGAPORE] Strong corporate support and brisk ticket sales have pushed this year's fundraising for charity concert Child Aid to more than $1 million, about double the $506,000 raised last year. The tally crossed the record $1 million mark after Citibank and PriceWaterhouseCoopers
      SHAHRIYA YAHAYA/THE STRAITS TIMES  -  377 words
    • Article, Illustration
      Lock icon Like flying back to 2007 – only worse
      667 4  - Like flying back to 2007 only worse YEN SREENIVASAN Airline industry ends 10 terrible years; revenues squeezed but worst is over By in Geneva AFTER losing some US$ll billion in 2009, the global airline industry will collectively lose another US$5.6 billion in 2010, according to the latest forecast by the
      AFP  -  667 words
    • Article, Illustration
      Lock icon Mass resignations push MCA towards crisis
      455 4  -  S JAYASANKARAN By in Kuala Lumpur THE Malaysian Chinese Association (MCA), the second largest component party in Malaysia's ruling Barisan Nasional coalition remains in crisis mode with 13 central committee members resigning yesterday. The 13 were led by vice-president and Health Minister Liow Tiong
      THE STAR  -  455 words
    • Article
      Lock icon Malaysia enforces fuel cap on foreign vehicles
      209 4 Bernama [KUALA LUMPUR] The 20-litre fuel cap on foreign vehicles travelling within a 50-kilometre radius from the border will be implemented today, Domestic Trade, Cooperatives and Consumerism Minister Ismail Sabri Yaakob said. He said the ruling was aimed at checking smuggling of petrol
      – Bernama  -  209 words
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      471 2 Structured Products Building products with risks and returns in mind Dates This experiential workshop is intended to provide participants with a working 28 -29 January 2010 knowledge of basic as well as innovative and hybrid 'market plays' in the structured product world. It updates participants on the seemingly endless I
      471 words
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      177 3 Book the new E-Class today to enjoy more than $11,000 worth of benefits. Plus a 3-year free servicing package. The new E-Class is the perfect combination of advanced technology you will enjoy over $11,000 worth of benefits from our Easy Ownership r^^^^^^^^^^^r-\ I| and great economy. Its innovative ATTENTION ASSIST
      177 words
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      74 4 BUILDING FUTURES One success story at a time How do I get local funding support jJJ^ 1 for a world-class qualification? *T WE HAVE THE PLAN X hj^rpT^ fllll Ss66o NET 1 Wtm AFTER FUNDING* Date Kaplan Qty Campus Register via sms to 9752 7526 with the following code I
      74 words
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      67 4 a_ C»\\ »1 J»1 r! F'i^TiJ I K'/^AtSilver Sponsor: Held in: Official Hotel: Official TV Media: ~T7 0 S C- UNIQUELY jftfc /a* ysj^jU ?ox sxnQ3p(jre> Be PRIVATE JEWELLERS OF DISTINCTION vi -itsinq a pc re COITI Vjj!VrtlMJ rrtK.JY CITY HALL "■""L'iTiS.r'1" Publicity Partner: Official Travel Partner: Promoters: I? TIE
      67 words
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      99 5 Audi ;fICOH) Vorsprung durch Technik _^!^^^^_l _^_r^^_B _^_^^5 _^_r^^_^^^^_l _^_^^9 f^T^^^^Bi^^TS_P^^m ■ff^M^Ti ______^_^il i^^b "__^_^_^^3 _^-^_H B^^ l__^ r" "j^mTr^'^' fI_HT S^'—"■' F* '.'-.^i. ___B__H ___________1 '^V.*."-.-7__J) --M-^-l-^-^-^ii ma 3B^_k_ V ~_^_^_fl Lf ""^c*^ \|l *^_H_^_^_^_l_^r^" Br __H 1 _H F >»_> 'fl ,^m^r\ W .«a«ir_D Mj ~^7^.t.yt&*~- H _B
      99 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Euro-US$ pair moves in greenback's favour
      840 6  -  OH BOON PING CURRENCIES Markets adopt wait-and-see approach ahead of FOMC meeting PLAY on the euro-US dollar pair moved in the greenback's favour yesterday on lingering concerns over Greece and Spain's credit woes, while markets adopted a "wait-and-see" approach ahead of the two-day Federal
      840 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      93 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 8 7 2 0 0 0 8 7 2 lanufacturing 45 66 68 13 50 74 81 Commerce 14 21 25 17 26 29 "pt/Stor/Comms 18 14 19 16 ■inance 11 12 11 13 instruction 10
      93 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      115 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 30,207 30,207 60,793 60,793 lanufacturing 199,415 6,958 206,373 146,224 495 146,719 Commerce 136,134 44,346 180,480 79,443 9,063 88,506 3t/Stor/Comms 77,735 2,469 80,204 117,570 474 118,044 :inance 14,331 14,338 114,640 114,640 Construction 27,162 3,728 30,890 3,788 115 3,903 ■roperties 117,822
      115 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      105 6 Capita Land 4.190 -0.060 Capita Ma II 1.770 +0.030 jtyDev 10.860 +0.020 1.550 +0.020 Corp 1.050 -0.010 IBS Grp 14.760 -0.020 &N 4.160 +0.110 ienting SP 1.090 +0.010 len Agri 0.485 +0.005 IK Lan< 4.880 -0.070 IMH 29.160 -0.100 ISH 17.260 -0.020 Ian MneC&C 24.980 +0.260
      105 words
    • Article
      Lock icon BROKER'S TAKE
      203 6  -  JOYCE HOOI Suntec Real Estate Investment Trust Dec 15 close: $1.27 CIMB-GK RESEARCH, Dec 15 AFTER adjusting for dilution from a higher number of units and reduced interest expense, our FY2OIO distribution per unit estimate decreases to 9.3 cents. Our dividend discount model target price has been lowered
      203 words
    • Article, Illustration
      Lock icon Boring session with penny stocks in play
      579 6  -  R SIVANITHY STOCKS WEAKNESS in Hong Kong and expectations of a possibly soft session for Wall Street meant that the local market underwent an indifferent session yesterday in which rotational punting of penny stocks was the main focus. The Straits Times Index, in
      579 words
    • Article
      Lock icon CURRENCIES
      85 6 Wh lere! S$ stands Dec 15 %CHNG CLOSE FRDec14 YR2009 S$ LOW S$ HIGH uss 1.3921 -0.01 1.5579 1.3800 Euro 2.0378 0.19 2.0952 1.9150 Pounds 2.2677 -0.34 2.4366 2.0356 1.2702 -0.16 1.2942 0.9453 ren* 1.5656 0.55 1.7278 1.4831 Rill liah* 0.***** -0.17 0.***** 0.***** Baht* 4.2057 -0.14 4.3390 4.1040
      85 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      61 6 Dec 15 VALUE CLOSE IT OB/OS 199.00-215. OC IT CADI -*****.00 -20.0' IT 10-day MA -*****.00+20.01 TSE ST Mid Cap 663.75 +1.21 TSE ST Small Cap 528.41 -2.21 TSE ST All Share 688.64 -0.1 TSE ST China Top 275.04 -3.5' TSE ST China 296.43 -3.6! TSE ST
      61 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME Teledata 78,530,000 Ban Joo 67,898,000 Novena 38,780,000 RafflesEdu 31,158,000 China XLX 27,971,000 Q&M Dental 27,365,000 MDR 24,955,000 Gentinq SP 24,940,000 Ezion 24,501,000 Straits Asia 22,624,000 VALUE(S) Capita Land 53,921,930 Straits Asia 51,615,760 CapMallsAsia 50,111,000 UOB 43,263,180 DBS Grp 31,884,140 Sing Tel 31,116,810 F&N 29,559,052 Noble Grp
      58 words
    • Article
      Lock icon RISES
      104 6 DBXT FTVietnam 10US$ BY CENTS CLOSE UP 4318 154.5 2.6 ICC5.1% NCPS 100 ***** 30.0 0.3 Emeri |in< |Mkts 1 986 29.2 2.2 lardine C&C 2498 26.0 1.1 >re Land 660 23.0 3.6 ilA.ES.0912 1378 14.0 1.0 UOB 5.05%NCPS 100 ***** 12.0 0.1 UOB.ES.0912 1984 12.0 0.6 F&N 416
      104 words
    • Article
      Lock icon FALLS
      116 6 CLOSE DOWN DBXT Ni 10US$ *****-207.4 -1.3 LD 10US$ ***** -75.2 -0.5 IMH 2916 -13.9 -0.3 DBS.ES.0912 1482 -10.0 -0.7 ICBC Bk 856 -10.0 -1.2 HKLand 488 -9.8 -1.4 ISMSCI India 100 666 -8.4 -0.9 Creative Tech 602 -7.0 -1.1 India Ni 10 1518 -7.0 -0.5 i Land 419
      116 words
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      Lock icon Page 6 Advertisements Column 1
      190 6 Our years of experience means a better trading experience for you. Fair and transparent prices. Easy-to-use trading platforms. Excellent customer support. City Index has over 25 years' experience delivering a market-leading service to our clients including: sophisticated trading tools, firm quotes, accurate tracking of underlying instruments, competitive spreads and margins,
      190 words
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  • COMPANY NEWS
    • Article
      Lock icon Is there a needfor substitutes at HG Metal?
      496 7  -  JAMIE LEE OVER in the United Kingdom, football fans can bet on the next Premier League manager to be fired. One website (www.thesackrace.com) even lists the 2-1 odds that Jose Mourinho may replace Liverpool's Rafa Benitez, who is under great pressure to
      496 words
    • COMPANY BRIEFS
      • Article
        Lock icon FJ Benjamin signs deal with Givenchy
        84 7 F J BENJAMIN, Singapore's leading fashion and lifestyle group, has signed an agreement with Givenchy, part of French luxury giant LVMH Moet Hennessy Louis Vuitton, to become its exclusive distributor and retailer in Singapore. The long-term agreement will see F J Benjamin opening the
        84 words
      • Article
        Lock icon TeleChoice in 2-year deal with StarHub
        78 7 TELECHOICE International has entered into a new two-year contract with Star Hub Ltd to continue providing integrated fulfilment and management services, starting from Nov 1, 2009. The services include the sale of mobile handsets and accessories; mobile fulfilment and supply chain management services as
        78 words
      • Article
        Lock icon Gallant wins Bintan land case appeal
        86 7 GALLANT Venture said the Supreme Court of Indonesia has ruled in favour of its subsidiaries and co-defendants in a Bintan land dispute following an appeal. The Supreme Court had pronounced PT Raflesia Matrawisata as owners of the disputed lands in an earlier judgment. In
        86 words
    • Article, Illustration
      Lock icon Glencore to buy Chemoil stake from founding Chandran family
      526 7  -  RONNIE LIM It will pay USs233m for the 50.81% stake, followed by a mandatory offer By Swiss-headquartered Glencore International, the world's biggest commodity trader, has agreed to buy the founding Chandran family's 50.81 per cent stake in mainboard-listed Chemoil Energy for
      526 words
    • Article
      Lock icon Samta to make cash offer for rest of Furama shares
      365 8  -  NISHA RAMCHANDANI Ng family wants to take company private with offer at 37% premium to last traded price By INVESTMENT holding company Samta Hotels intends to make a voluntary unconditional cash offer of $2 a share for all the shares
      365 words
    • Article, Illustration
      Lock icon Ace Achieve H1 net up 28%
      325 8  -  WONG SU-JIN By ACE Achieve Infocom's net profit rose 28 per cent to 8.4 million renminbi (Ssl.7 million) in its financial first half ended Oct 31, 2009 from 6.6 million renminbi a year ago, as margins grew and costs fell. This came as total
      325 words
    • Article
      Lock icon Barclays, SGX launch first ETN in Asia ex-Japan
      450 8  -  CHEW XIANG Product gives investors exposure to commodities By BARCLAYS Capital and Singapore Exchange yesterday launched the first exchange traded note (ETN) in Asia ex-Japan, offering investors exposure to a broad basket of commodities. The ETN is a senior, unsecured unsubordinated debt
      450 words
    • Article, Illustration
      Lock icon Paragon launches iPhone application
      167 8 PRIME retail mall Paragon launched its own iPhone application for shoppers yesterday. With all three telecommunication companies in Singapore Sing Tel, Ml and Star Hub now offering iPhone sales and subscriptions to their customers, the number of iPhone users is expected to increase. Paragon said the
      167 words
    • Article
      Lock icon Acquisitions back on radars of Singapore Reits
      558 8 Reuters SINGAPORE real estate investment trusts (Reits) are poised to take advantage of lower commercial property prices to grow portfolios and boost dividends to shareholders, after spending over a year on the sidelines. Singapore Reits, which own about US$34 billion of properties across
      Reuters  -  558 words
    • Article
      Lock icon Genting Casinos to operate Cairo casino
      143 8 GENTING Singapore Pic said yesterday Genting Casinos Ltd has been selected as the new operator of the casino at The Nile Ritz Carlton Hotel, Cairo. Genting Casinos is an indirect wholly-owned subsidiary of Genting UK pic which is an indirect wholly-owned subsidiary of Genting
      143 words
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      1 7 IBM
      1 words
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      160 7 -^V~r-t_ -rs^—--^-^'^'?''"^" _—-"'V-'?'-:S^.^;?C^€:-":-"—" Terms and conditions apply -Jp^~SjL%^^~-^ fK^>7vsc^'" ClMBBankßerhad(l349l-P) '■C'-z *v (Incorporated in Malaysia) CIMB Bank Credit Card Centre Raffles Place, 50 Raffles Place #01-02, Singapore Land Tower, Singapore *****3. Operating Hours: Mondays to Fridays from 9.00 a.m. to 4.30 p.m., Saturdays from 9.00 a.m. to 1.00 p.m., closed
      160 words
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      2038 8 IN THE MATTER OF THE IN THE MATTER OF THE INl™^™* o/.- «> IN THE MATTER OF THE COMPANIES ACT CAP 50 COMPANIES ACT, CAP. 50 THE COMPANIES Aa, CAP 50 COMPANIES ACT, CAP. 50 AND AND IN THE MATTER OF AND IN THE MATTER OF IN THE MATTER OF
      2,038 words
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      3861 9 VOLUNTARY UNCONDITIONAL CASH OFFER by DBS Bank Ltd. (Incorporated in the Republic of Singapore) Company Registration No. *****0306E for and on behalf of Samta Hotels Pte. Ltd. (Incorporated in the Republic of Singapore) Company Registration No. *****9567 C to acquire all the issued ordinary shares in the capital of Furama
      3,861 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Bedok site tipped at over $500m
      635 10  -  KALPANA RASHIWALA Proposed project on reserve list site to be integrated with new bus interchange By A PLUM 99-year leasehold site next to Bedok MRT Station that some property consultants say could be worth more than $500 million is now open for application by
      635 words
    • Article
      Lock icon HDB, NUS plan climatic study in Punggol
      364 10  -  JOYCE HOOI By THE Housing Development Board (HDB) and the National University of Singapore (NUS) yesterday signed a collaboration agreement for the country's first township climatic study in Punggol Town. Close to $960,000 has been set aside for the implementation of the project,
      364 words
    • Article, Illustration
      Lock icon HDB launches four more BTO projects
      320 10  -  UMA SHANKARI By THE Housing and Development Board (HDB) yesterday launched four new build-to-order (BTO) projects including two highly anticipated developments in Queenstown bringing the total supply of BTO units to 13,500 this year. 2,670 new units are being offered in the latest BTO
      320 words
    • Article
      Lock icon October retail sales drop 4.4%
      349 10  -  NISHA RAMCHANDANI But Citi sees positive momentum into first half of next year By RETAIL sales in October fell 4.4 per cent year on year, according to data released by the Department of Statistics yesterday. Excluding motor vehicles, sales were 0.8 per cent lower than
      349 words
    • Article, Illustration
      Lock icon NTU, EDB launch IC design centre
      317 10  -  JERMAINE NG By AN Integrated Circuit (IC) design centre was launched yesterday by Nanyang Technological University (NTU) and the Economic Development Board. The Integrated Circuit Design Centre of Excellence of Singapore also known as Virtus aims to develop technologies to design ICs and systems
      317 words
    • Article
      Lock icon Sistic in breach of Competition Act:CCS
      378 10 THE Competition Commission of Singapore (CCS) yesterday issued ticketing agency Sistic a Proposed Infringement Decision (PID) for contravening Section 47 of the Competition Act by abusing its dominant market position via exclusive agreements with venue operators. Section 47 of the Act prohibits a dominant
      378 words
    • Article
      Lock icon MasterCard expects private consumption to grow
      384 10  -  FELDA CHAY By SALARIES and bonuses may have been cut, but that does not mean that consumers here will cut back on life's indulgences. A survey by MasterCard Worldwide found that over half of 400 people surveyed here plan to keep up their spending
      384 words
    • Article
      Lock icon Accrediting dental practices
      346 10  -  NISHA RAMCHANDANI By TO BOOST Singapore's reputation as a regional hub for dentistry, the Ministry of Health (MOH) is looking to accredit centres to give "temporary registered" dentists with foreign degrees more hands-on experience while training. "The ministry is studying how it could accredit private training institutions
      346 words
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      3381 11 BT ADVERTORIAL Finding and retaining talent key Despite the economic downturn, the maritime community has been stepping up efforts to attract bright young talent to the sector FINDING talent is a committed by maritime businesses to 5~ the programme focuses on developing tive since 2006, Bachelor in Maritime perennial problem,
      3,381 words
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  • ECONOMY WATCH
    • Article
      Lock icon Japan sticking to 44t yen cap on 2010 bond issues
      628 12 Reuters Scepticism greets pledge, as falling tax revenues can't fund govt spending plans [TOKYO] Japan's government said that it would stick to a self-imposed cap on new bond issues next year as it tries to alleviate growing worries about its
      – Reuters  -  628 words
    • Article
      Lock icon US clean-energy initiatives creating jobs
      354 12 Bloomberg [WASHINGTON] President Barack Obama's clean-ener-gy initiatives will help create more than 700,000 jobs and allow the US to double its renewable-power generation in three years, according to a report by VicePresident Joe Biden. Mr Biden, in a memo on administration efforts to shift to
      – Bloomberg  -  354 words
    • Article, Illustration
      Lock icon Obama urges banks to increase lending
      560 12 The Washington Post [WASHINGTON] President Obama exhorted the biggest US banks on Monday to make "extraordinary" efforts to increase lending even as some of those firms are racing to distance themselves from government control. The nation's most powerful bankers sat in the Roosevelt Room
      The Washington Post; BLOOMBERG  -  560 words
    • Article
      Lock icon Obama urged to rein in deficit
      361 12 -AP [WASHINGTON] A bipartisan group of former US lawmakers and budget officials on Monday called on Congress and President Barack Obama to commit to rein in trillion-dollar plus budget deficits to avoid having the spiralling national debt drag down the economy. Policymakers must take
      -AP  -  361 words
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      105 12 Discover medical excellence and retail therapy under one roof Paragon Medical houses over 60 world-class specialists who are delighted to serve you with utmost attention, delivering standards that can only be exceeded by their medical precision. Experience medical exclusivity at its best, a perfect complement to unrivalled shopping enjoyment at
      105 words
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      32 12 1*1,500,000- I TOMORROW! SINGAPORE 5 IpLAYA Always play with care. Towards Community W g l^ponMbl^f Do not bet Illegally. Furpose and Benefit J RCB Reg No: *****0202G I ------I g POOLS 3
      32 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Najib's wife calls for First Ladies summit
      532 13  -  EMILYN YAP She believes women with capabilities and interest should have a voice By NOT every First Lady is happy to sit by while her husband discusses world issues with other leaders. And for First Ladies eager to make a difference in their
      NG SOR LUAN/THE STRAITS TIMES  -  532 words
    • Article
      Lock icon Jakarta selling 175.1t rupiah debt next year
      608 13 Reuters Amount seen to be record, but less than expected by market [JAKARTA] Indonesia plans to sell US$lB.5 billion in debt next year, seen as a record amount but still less than expected by a market worried about heavy government supply at a
      Reuters  -  608 words
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      61 13 Being aware of one's HERITAGE also means cultivating traditions that lay the foundation fora prosperous FUTURE. It is with this knowledge that we have proved a reliable SWISS partner in PRIVATE BANKING. Since 1755. j j <"*ij3s J^t^^^' JF U j If ig t ijJ mßf v 'I r i^BH
      61 words
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  • GREATER CHINA
    • Article
      Lock icon Beijing urged to delay procurement rule
      414 14 -AP EU chamber cites lack of transparency in new accreditation system [BEIJING] A European business group yesterday urged China to delay a new government procurement plan that gives priority to Chinese "indigenous innovation", a practice that links government purchases with local patents. The rule,
      -AP  -  414 words
  • Page 14 Advertisements
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      601 14 v a v k Tl II" C\A/ICC KICOO CAFESWISS JAANPARANDRE mlb? NEWASIA O VY 100~ IN I ZOO 1-18DEC09 1-31 DECo9lExcepton2s&26l 24 DEC 09 J^V™ I F^* X A A^L Semi-Buffet Lunch I $27/$39 (Inclusive of 1 main course) 3-Course Set Lunch I $58 Champagne Madness Promotion Mr LMKI^ |V|Z\^
      601 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Russian-Indian M&A deal aims at bulge bracket
      537 15 Reuters Alliance to help big firms buy into each other's markets [MOSCOW] A Kazakh resources company wants to buy African mining assets. Where does it go for advice London, New York or Hong Kong? None of the above, if Hasnen Varawalla has his
      Reuters  -  537 words
    • Article, Illustration
      Lock icon China to curb home price surge
      689 15 -AP Cabinet pledges to promote healthy growth in the real estate sector [SHANGHAI] China's economic planners have vowed to curb property speculation while downplaying fears that surging prices for real estate, food and other essentials may herald an inflationary spiral. A statement by the
      -AP; REUTERS  -  689 words
    • Article
      Lock icon Banks may lend 8t yuan this year
      300 15 Bloomberg [SHANGHAI] Chinese banks, which may extend eight trillion yuan (Ssl.6 trillion) of new loans in 2010, need to balance credit growth and capital adequacy after unprecedented lending eroded their financial strength this year, according to Fitch Ratings. Lenders, under government pressure to
      Bloomberg  -  300 words
    • Article
      Lock icon India probing some Anil Ambani firms: minister
      213 15 Bloomberg [NEW DELHI] India's government is investigating whether some companies controlled by billionaire Anil Ambani violated local rules, Finance Minister Pranab Mukherjee said. The finance ministry's Directorate of Enforcement and the income-tax department are "conducting investigations in respect of certain companies of the
      Bloomberg  -  213 words
    • Article
      Lock icon China beats US in IPO takings
      371 15 AP [HONG KONG] China has outstripped the US in the amount of money raised from stock listings, underscoring the region's stronger economy and a resurgence in investment. Companies have raised nearly US$52 billion from initial public offerings on stock exchanges in Hong Kong and
      AP  -  371 words
    • Article
      Lock icon China investor finalises deal on NBA's Cavaliers
      229 15 Reuters [CHICAGO] A Michigan investment firm has finalised a deal to sell its 15 per cent stake in the Cleveland Cavaliers to Albert Hung, bringing Leßron James' team a step closer to adding the National Basketball Association's (NBA) first big Chinese investor. A
      Reuters  -  229 words
  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      168 15 Think green technology is still in its infancy? THINK again. The Think Environmental Co Ltd is the leader in renewable energy solutions. We invest in and manage businesses that are already making their mark on a greener future. Our proven green technologies like waste management and energy solutions and biomass
      168 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon ADB sees speedy recovery for East Asia
      678 16  -  ANTHONY ROWLEY Though pace of recovery is uneven, it upgrades growth forecast for region to 4.5% this year and 6.6% in 2010 By in Tokyo EAST Asia's emerging economies have rebounded from recession faster than expected with the aid of rapid domestic policy
      678 words
    • Article, Illustration
      Lock icon Samsung's wealthy, worldly, withdrawn heir
      527 16 Reuters [SEOUL] Jay V Lee has wealth and fame, and now he likely has the keys to the kingdom of South Korea's powerful Samsung Group. Like his father, who as chairman moulded the sprawling conglomerate into a global technology powerhouse that accounts for a fifth
      ■ Reuters  -  527 words
    • Article
      Lock icon Dubai may need more help to repay debts
      388 16 Bloomberg [DUBAI] Dubai, which received a US$lO billion bailout from Abu Dhabi on Monday, has yet to convince investors it will meet all of its obligations. Debt from Dubai statecontrolled entities DP World Ltd, Dubai Commercial Operations Group LLC and Nakheel PJSC
      – Bloomberg  -  388 words
    • Article, Illustration
      Lock icon Greek plan fails to impress markets
      395 16 Reuters [ATHENS] Financial markets yesterday gave Greek Prime Minister George Papandreou's emergency defi-cit-cutting plan a thumbs-down, selling Greek debt and bank shares as workers launched protests against planned austerity. The risk premium on 10-year government bonds jumped to 257 basis points above benchmark German
      – Reuters; AFP  -  395 words
    • Article
      Lock icon Australia to proceed with controversial Internet filter
      278 16 AFP [SYDNEY] Australia said yesterday it would push ahead with a mandatory China-style plan to filter the Internet, despite widespread criticism that it will strangle free speech and is doomed to fail. Communications Minister Stephen Conroy said new laws would be introduced to
      AFP  -  278 words
    • WORLD WATCH
      • Article
        Lock icon Branson backs new F1 team
        109 16 -AFP [LONDON] New Formula One (Fl) team Manor GP is to be rebranded as Virgin Racing following the announcement here yesterday of a sponsorship agreement with Richard Branson's business empire. Mr Branson scored a major publicity coup this year when he did a sponsorship deal
        -AFP  -  109 words
      • Article
        Lock icon BOA likely to pick insider as CEO
        102 16 Bloomberg [BOSTON] Bank of America (BOA) is more likely to promote someone from its own ranks to be chief executive officer after the leading outside candidate withdrew, according to a person familiar with the matter. No other outsider is actively engaged in talks
        Bloomberg  -  102 words
      • Article
        Lock icon UBS won't sue former bosses on sub-prime
        113 16 Reuters [ZURICH] ÜBS AG wiU not sue its former bosses after risky bets on sub-prime mortgages and a strategy of helping US clients hide money in secret accounts brought the Swiss bank to its knees. Any action would only draw negative attention as
        – Reuters  -  113 words
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      4 16 www.omy.sg f|A^ AM CgKJ
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      174 16 rjTl HOUSING -€> DEVELOPMENT Li=U BOARD STATE LAND PARCEL AVAILABLE FOR APPLICATION UNDER THE RESERVE LIST SYSTEM OF THE GOVERNMENT LAND SALES PROGRAMME The particulars of the land parcel are: Proposed Land Maximum Lease Land Parcel Development Area GFA Term Mixed Commercial New Upper Changi Road/ 24,902.2 sq m 87,157.7
      174 words
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  • WORLD
    • Article, Illustration
      Lock icon Citigroup, Wells Fargo returning TARP funds
      748 17 AP, Bloomberg Both raising capital significantly to repay money; govt selling Citigroup stake [NEW YORK] Two major US banks are returning US$45 billion in aid to taxpayers, marking the latest step toward recovery for the US financial system. Citigroup Inc, whose future looked uncertain
      – AP, Bloomberg; BLOOMBERG  -  748 words
    • Article
      Lock icon Top US banks plan comeback to CLO market
      678 17 Bloomberg [NEW YORK] The three largest US banks are preparing for a comeback in the market for collateralised debt obligations backed by highyield, high-risk loans, two years after issuance tumbled when credit markets seized up. JPMorgan Chase Co, Bank of America Corp
      – Bloomberg  -  678 words
    • Article, Illustration
      Lock icon Natural gas demand, production seen surging
      815 17 Reuters [LONDON] Exxon Mobil Corp's US$3O billion takeover of XTO Energy Inc is a major vote of confidence in natural gas and the latest sign that the world's top oil companies are looking to invest more in the clean-er-burning fuel. Gas prices across the
      Reuters; BLOOMBERG  -  815 words
    • Article
      Lock icon Gas find off Australia boosts Chevron's prospects
      419 17 Bloomberg [SYDNEY] Chevron Corp, the sec-ond-largest US energy producer, made a gas discovery off the coast of Western Australia that may help expand its As 43 billion (5554.7 billion) Gorgon liquefied natural gas project. Chevron found gas at its Sa-tyr-1 well in the
      ■ Bloomberg  -  419 words
    • Article
      Lock icon EU likely to approve Oracle's deal to buy Sun
      423 17 AP [SAN FRANCISCO] European Union regulators appear to be softening their opposition to Oracle Corp's proposed US$7.4 billion takeover of Sun Microsystems, a shift that has resurrected some investors' hopes that one of the year's biggest technology deals will go ahead
      AP  -  423 words
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  • FOCUS: AGENTS & TARGETS
    • Article, Illustration
      Lock icon Special agent who chases insider trades
      2126 18 Reuters After Madoff and Rajaratnam, Agent Kang may be turning his attention to Steven Cohen and his US$ 12.9b SAC Capital Advisors, say sources [NEW YORK] BJ KANG may be the most feared man on Wall Street. When Bernie Madoff, who engineered history's biggest
      – Reuters; REUTERS  -  2,126 words
    • Article
      Lock icon Galleon founder asks court to cut bail to USs2om
      830 18 Bloomberg, Reuters [NEW YORK] Raj Rajaratnam, the Galleon Group hedge fund founder accused of directing an insider-trading ring, asked a federal judge to cut his bail to US$2O miUion from US$lOO million, citing the "stigma" that is now attached to him.
      Bloomberg, Reuters  -  830 words
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  • Transport HUB
    • Article
      Lock icon State aid is not the answer
      1005 19  -  DAVID HUGHES STRAIT TALK Managing capacity is the key to returning liner shipping to profitability By IT'S not often that I agree with statements made by prominent shippers' representatives. And I can't remember the last time I penned support for something said by Andrew
      1,005 words
    • Article
      Lock icon Middle East supertanker supply drops again
      564 19 Bloomberg [LONDON] The supply of supertankers competing to haul two million-barrel cargoes of Middle East crude fell for a second week as oil companies stepped up demand before year-end holidays. There are 4.5 per cent more very large crude carriers, or VLCCs, for hire
      – Bloomberg  -  564 words
    • Article, Illustration
      Lock icon Working towards a better future
      753 19 MPA's new chief executive, Lam Vi Young, intends to put his expertise to good use in building up the maritime industry, reports VINCENT WEE PEOPLE management is something Lam Vi Young, the new chief executive of the Maritime and Port Authority of Singapore (MPA), knows
      753 words
    • Article, Illustration
      Lock icon Port dispute could impact oil exports
      451 19 Reuters [MOSCOW] Russian oil exports from the Black Sea could face complications from a brewing dispute between the owners of the biggest port on the coastline and powerful state oil monopoly Transneft, industry analysts said. Concerns arose after Transneft head Nikolai Tokarev, a close
      – Reuters; REUTERS  -  451 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        106 19 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks lava Hold Ltd KTVentures Keppel Corp Mercator Lines MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.67 0.34 1.05 0.69 2.20 0.60 0.05
        106 words
      • Article
        Lock icon KLSE
        32 19 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings PDZ Holdings 0.90 8.85 8.77 3.17 3.05 0.08 unch 0.11 -0.01 0.02 -0.05 -0.01 52 232 397 71 17 1490
        32 words
      • Article
        Lock icon BANGKOK
        12 19 ■oo 'recious Ship Regional Cont 17.80 9.90 -0.10 0.20 156! 3961
        12 words
      • Article
        Lock icon HONGKONG
        11 19 '000 Doil iingamas Cont 36.45 1.18 0.15 -0.03 1031 9157
        11 words
      • Article
        Lock icon PHILIPPINES
        20 19 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 9.30 23.00 unch unch 0.30 0.25 unch unch 358! 2101
        20 words
      • Article
        Lock icon TAIPEI
        17 19 Evergreen Marine ...16.70 :irst3teamship 46.75 /Van Hai Lines 15.65 t'ang Ming Marine...11.65 -0.10 0.15 0.05 -0.10
        17 words
      • Article
        Lock icon TOKYO
        38 19 '000 :awasaki Hvy Ind ..233.00 :awasaki Kisen 240.00 /litsubishi Hvy 324.00 /litsui Eng&Sbldg...219.00 /litsui Osk Lines 458.00 Jippon Express 393.00 Jippon Yusen 257.00 unch 1458: -1.00 496: 2.00 1928: -2.00 446: -7.00 109& -3.00 205! -5.00 1924:
        38 words
    • AVIATION
      • Article
        Lock icon Airlines still under cashflow pressures: lata
        427 20  -  YEN SREENIVASAN Capital markets have opened up but access is still restricted to major carriers By in Geneva THE airline industry is still under cashflow pressure. But having raised some US$25 billion, of which US$2O.2 billion is debt, it has a comfortable cash cushion.
        427 words
      • Article, Illustration
        Lock icon Boeing 787 Dreamliner set for first flight
        540 20 Reuters [SEATTLE] Boeing Co is set to make the first test flight of its 787 Dreamliner today, almost two and a half years after the new, fuel-ef-ficient plane, which is key to the company's financial future, was supposed to leave the ground. The
        – Reuters; BLOOMBERG  -  540 words
      • Article
        Lock icon European airlines to cut fuel hedging
        311 20 Reuters [LONDON] European airlines have reduced their fuel hedging exposure for next year after suffering from multi-million dollar losses this year. But analysts said hedging will help airlines to save some costs with a rise in fuel prices expected in 2010. To hedge or
        Reuters  -  311 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        2845 20 AIRLINE CODES Airarays Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR EVA Airways Corpn (EVA), CA Air China (CCA), CB American International Airlines (CKS), Cl China Airlines Ltd (CAL), CS Air Micronesia, Inc
        2,845 words
      • Article
        Lock icon Engine makers eye Airbus, Boeing project
        593 20 Reuters [WASHINGTON] Airbus and Boeing are nearing key decisions on whether to order costly new engines for their best-selling models, but the project is putting strain on a coalition of engine makers spanning three continents. Pratt Whitney president David Hess told the Reuters Aerospace
        Reuters  -  593 words
    • LAND
      • Article, Illustration
        Lock icon Detroit Electric to offer affordable electric cars
        617 21  -  SAMUEL EE It has partnered Proton to produce competitively priced vehicles By ELECTRIC vehicles (EVs) will start rolling silently into Singapore next year and among the most affordable could be those from Detroit Electric. The American company makes pure electric vehicles and has
        617 words
      • Article, Illustration
        Lock icon Electric cars just one part of EV puzzle
        274 21 THE arrival of electric vehicle (EV) models next year is exciting news but the Energy Market Authority (EMA) says getting the cars on the road is just "one part of the whole puzzle". "There are many issues to consider," said an EMA
        274 words
      • Article
        Lock icon Battery costs may hold back plug-in sales
        601 21 Bloomberg Batteries probably won't be cheap enough until 2030 [LOS ANGELES] Sales of plug-in cars, touted by the Obama administration and carmakers as a way to curb oil use and greenhouse gases, may be held back for decades by battery costs, a study
        Bloomberg  -  601 words
      • Article, Illustration
        Lock icon New showroom for Chrysler off Leng Kee Rd
        404 21  -  SAMUEL EE By THE Chrysler, Dodge and Jeep brands are scheduled to be housed in a brand new showroom off Leng Kee Road by the end of next month. Chrysler Jeep Automotive of Singapore Pte Ltd, which is a subsidiary of Komoco
        404 words
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  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      393 20 CRYPTIC CROSSWORD Across 1 Speak pompously in an office \2 \III Ml 15 116 I 8 Romanticise about anti evolu- j I I 11 Book by a tennis champion Ti j I M\? (4) —^J—^ H——l H——l I 12 Rubbish drunkard's fallen 111 13 Rodents in boarding-house P^ L 15
      393 words
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon Don't write off the US growth engine
      525 22 IN these times of economic malaise, the US unemployment rate still managed to shock and awe when it hit a near-30-year high of 10.2 per cent in October. That's but the headline official jobless rate. A much broader measure, U6, that includes the
      AFP  -  525 words
    • Article, Illustration
      Lock icon Arbitration: a growing and evolving industry
      1022 22  -  CHELVA RAJAH It must prepare itself to seize the opportunities and meet the challenges that lie ahead By AS A lawyer and an arbitrator for many years, I have been privileged to be part of a growing dispute resolution industry that transcends geographical borders,
      STOCK.XCHNG  -  1,022 words
    • Article, Illustration
      Lock icon How Hong Kong tries to be relevant to China
      771 22  -  FRANK CHING THE BOTTOM LINE WHEN Hong Kong was returned to China on July 1, 1997 after a century and a half as a British colony, there was much anxiety as to whether the city would continue to prosper and to
      771 words
    • Article, Illustration
      Lock icon Indonesia on course to mitigate climate change
      1058 23  -  ANGGITO ABIMANYU A key challenge is to curb emissions growth without sacrificing development By OVER the last half of 2009, the Asia-Pacif-ic region has experienced a number of major natural disasters which have had a devastating impact on numerous regional economies and the
      1,058 words
    • LETTERS TO THE EDITOR
      • Letter
        Lock icon Let an independent third party assign IDs
        544 23 Liang Teh Hai THE perception of most investors is that almost all independent directors (IDs) are not truly independent as they are appointed by the controlling shareholders and/or top management on the basis of an old boy's network, cronyism or social status. To
        Liang Teh Hai  -  544 words
    • Article
      Lock icon SGX listing rules accorded statutory backing by SFA
      391 23 WE refer to the article, "SGX tweaks to listing rules lack solid bite" (BT, Dec 10). It is important to reiterate that a market-oriented, disclosure-based regime imposes high standards on listed companies, financial intermediaries and market professionals. This regime empowers market participants
      391 words
    • Article, Illustration
      Lock icon Bonus tax is an own goal scored by Britain
      929 23  -  MATTHEW LYNN Bloomberg THE bankers no doubt saw it coming. They've been lectured, harassed and demonised all through the past year over their role in plunging the world into the deepest recession of the last half-century. That doesn't make the UK's
      Bloomberg  -  929 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8801 24 Transaction date: Dec 15 Hii Low Code Col Sale COOP) Hii Low Bl Seller C'vr P/E $mil 17 3 3148 8Telecom 9.5 2.5 5834 A-Sonic 34 16 5000 ABR Hldgs 15.5 5.5 1938 AEI Corp 8 1 1100 AEM 23 10 2101 APOil 93 36 5550 ARA 8
      8,801 words
    • Article
      Lock icon SGX CATALIST
      1688 25 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E $mil 10 5 1181 s AAGrp 25 12 8538 t APStrategic 4 0.5 1501 s Advanced System 7.5 3.5 3480 t Adventus 20 8.5 3518 t Afor 12.5 2 1524 t Alantac 11 4 7814 t
      1,688 words
    • Article
      Lock icon SGX ETF
      416 25 Hi< Wk Tel Low Code Last Sale S» Hi< ly Low Lasi Div Cvr Net P/E 3 Comi Bm 111 107 6389 ABFSG Bond ETF 109 819 427 CIMBAsean40 100US$ US816 +6 290 149 DBSSTIETF100 281 undl 4627 3534 DBXT DJE50 10US$ US4305 3282 1682 DBXT FTChina25 10US$
      416 words
    • Article
      Lock icon CLOB INTERNATIONAL
      250 25 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      250 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9480 25 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 2.156/ AIGIF Spore Bond Fund/A 1.372/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.16/ APS Alpha Fund (USD)!** 0.83/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt Spore Pte Ltd AXAWM -Talents
      9,480 words
  • Page 24 Advertisements
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      364 26 In local curr In S$ In US1 %dy %yr dy yr dy yi Index Change Change Change Change Change Change Dec 14 World Index Preliminary 822.0 0.6 21.3 0.7 22.3 0.8 26.1 EAFE Preliminai 766.8 0.5 18.1 0.9 23.2 0.9 27.! Euroi Prelim inan 1102.9
      364 words
    • Article
      Lock icon SICOM FUTURES
      189 26 Dec 15 tUBBER Futures (Closing prices) !SS 3 (US cents/kg) /lonth High Low Close Sett Volume (lots) O/l (lots) Ian 10 274.0 =eb 10 273.8 Vlar 10 <\pr1O Vlay 10 273.0 lun 10 274.0 269.5 273.0 274.0 273.8 274.0 275.0 275.5 275.5 20 80 60 8 602 829
      189 words
    • Article
      Lock icon INTERBANK CROSS RATES
      448 26 Dec IS iuro 'en (on 'eso lam 'ouni wstralia 0.965 6.215 0.623 7.055 42.454 86.164 0.811 10.571 3.106 1.257 76.776 42.044 1.268 6.776 0.943 29.376 30.164 0.560 0.910 Canada 1.037 6.442 0.646 7.313 44.009 89.321 0.841 10.958 3.219 1.303 79.590 43.585 1.314 7.025 0.978 30.453 31.269 0.580
      448 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      83 26 Dec 15 'eriod Issue code Maturity Yesterday's Bid Hi< Day's |h Low I-Month BQ*****W 18.03.2010 -Year BY*****N 01.11.2010 0.53 0.55 0.52 0.50 3OVERNMENT BONDS >eriod Issue Coupon Maturity code rate Close Bid Day's High Low !-Year NX*****H 3.625 I-Year N*****0N 1.375 '-Year N*****0S 2.875 0-Year NX*****W 2.500 5-Year
      83 words
    • Article
      Lock icon PRECIOUS METALS
      147 26 Dec 15 /oz) tec tec long Kong 1119.70 1123.30 GOLD BULLION COINS (S$) Sellini Bu' rini Dec 14 Dec 11 1122.80 1114.35 1 oz 1754.8 1592 UBS GOLD LUNAR KINEBAR (SS) Selling Buying .ondon Source: Thomson Reuters I Dec IS Selling Buying 10gm SILVER Passboc $615.25 505 Selling
      147 words
    • Article
      Lock icon LONDON METALS
      69 26 Dec 14 luminium, 99.7% urity (US$/tonne) Close Previous Cash 2222.00 2239.70 3 months 2258.00 2275.00 Copper, Grade A (US$/tonne) Cash 3 months 6872.00 6913.00 6796.00 6835.00 Lead (US$/tonne) Cash 3 months 2306.00 2339.50 2268.00 2301.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • Article
      Lock icon LIFFE
      75 26 Dec 14 Close Prev Hii ih/Low Dec 09 2207 2211 2215/2185 War 10 2268 2267 2277/2253 Way 10 2287 2286 2297/2271 lul 10 2262 2260 2267/2245 IOFFEE (US$/tonne) Close Pev High/Low Ian 10 1371 1366 1384/1366 Vlar 10 1402 1394 1412/1394 Vlay 10 1428 1419 1440/1421 SUGAR (US tonne)
      75 words
    • Article
      Lock icon PALM OIL
      59 26 Dec 15 lelivery lonth Opening Range Sett Av Price Price Hi Low Vol Open Done Position Ian 10 2466 =eb 10 2509 War 10 2515 <\pr10 2540 FotaI o/p: ***** contracts 2493 2493 2456 2525 2539 2502 2530 2545 2509 2528 2540 2525 Turnover: 8251 lots Market tone:
      59 words
    • Article
      Lock icon STOCK INDEX FUTURES
      24 26 Dec 15 STI Dec 2793 ;iMSCI Dec 335.5 337.6 335.8 "aiwan Dec 282.2 282.3 280.7 Source: MF Global (S) He. Ltd
      24 words
    • Article
      Lock icon USS/SS FORWARD RATES
      22 26 Dec 15 S$ Bid Offer 1-month 1.3925 1.3938 2-months 1.3928 1.3942 3-months 1.3930 1.3944 6-months 1.3935 1.3950 Source: OCBC
      22 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      115 26 As at 9am Dec 15 )f foreign currency: Currencies Bid Offer mst dollar 1.2610 1.2990 .an dollar 1.3060 1.3210 luro 2.0270 2.0500 IZ dollar 1.0030 1.0240 iterlini 2.2560 2.2810 IS dollar 1.3830 1.3990 .ocal dollars to 100 units if foreign currency: Currencies Bid Offer ;hi renminbi
      115 words
    • Article
      Lock icon INTERBANK RATES
      154 26 Dec 15 Ivernight 0.05 -month 7/16 -months 9/16 l-months 11/16 Overnight mode: 0.03 IS$ Offer 0.01 3/16 5/16 7/16 Bid days month months months j months months >—■. I. tAu 0.25 0.29 0.35 0.37 0.55 0.90 1.00 Offer 0.2C 0.2' 0.2! 0.2; 0.4! 0.6( 0.7( Bk month months
      154 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      151 26 Dec IS lurrencies Bid Offer Bid Offei >$/US$ to one unit of foreign currency: 0.910; Australian dollar 1.2666 1.2685 0.9098 Canadian dollar 1.3130 1.3150 0.9431 0.943' iuro 2.0323 2.0344 1.4598 1.459' IZ dollar 1.0070 1.0093 0.7233 0.724: Sterlinc 2.2634 2.2658 1.6258 1.6261 IS dollar 1.3922 1.3935 >$IUS$
      151 words
    • Article
      Lock icon CHICAGO BOT
      100 26 Dec 14 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jan 10 1055.00 1035.00 1059.00 1023.50 Mar 10 1061.75 1043.00 1066.00 1032.00 May 10 1066.25 1049.00 1070.00 1038.75 JuMO 1069.50 1053.50 1073.75 1042.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Dec 09 39.40 39.22 39.40 39.01 Ian
      100 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      75 26 CRUDE OIL PRODUCTS Dec 14 origin! IS$/barrel Close Cham Srent blend (1-Mth F) 72.92 1.11 WTI (Near Mth) 69.62 -0.16 iubai (1-Mth F) 72.70 -0.23 "apis blend 75.25 -0.25 i/linas 74.40 -0.25 >RODUCT JS$/barrel (FOB S'pore) Close Change Naphtha let Kerosene 74.05 79.20 -1.40 -0.30 JS$/barrel )pec Oil Basket Price
      75 words
    • Article
      Lock icon SIBOR
      69 26 Dec 15 mth 0.***** 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 1.***** mths 0.***** 0.***** mths 0.***** 0.***** 2 mths mths mths 0.***** 0.***** 1.***** 0.***** 0.***** 0.***** SWAP Mid rates (S$) 1 yr 0.***** 2yrs 1.***** 3yrs 1.***** 4yrs 2.***** 5yrs 2.***** 7yrs 2.***** 10yrs 3.*****
      69 words
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      Lock icon SGX DERIVATIVES TRADING
      348 26 Dec 15 URODOLLAR FUTURES VlariO un10 >ep10 DedO 99.5850 99.3450 99.0350 98.6850 0 0 0 0 ***** 6077 3711 5144 EUROYEN TIBOR FUTURES VlariO 99.6250 99.6300 un10 iep10 99.6550 99.6550 DedO 99.6350 99.6350 Vlar11 99.5800 99.5800 un11 iep11 Dec11 99.6200 99.6550 99.6350 99.5800 99.6250 99.6400 99.6700 99.6600
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      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2305 26 BONDS, WARRANTS EXTENDED SETTLEMENT Tel Code Company Prem Expiry Tel Last Vol Conv Exer Disc Gear- mths Code Company Sale +or- ('000) Ratio Price ing Left Asia-PacificStrategicW*****6 2.5 1 15 17 6.00 53 2036 AdvanceSCT Ltd W*****9 0.5 1 87 1844 9.00 8 8756 Asiatic Grp (H) Ltd W*****2 8
      2,305 words
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  • EXECUTIVE MONEY
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      Lock icon The Fed's exit strategy
      1224 29  -  CHRISTIAN NOLTING We could look at two past experiences to analyse possible approaches THE role of state (government and central banks) has become one of the most critical elements in restoring confidence in global economies in the current crisis. A typical central bank playbook defined by
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      Lock icon Bill Gross set to be manager of biggest fund in history
      1041 29  -  CHARLES STEIN Bloomberg By [BOSTON] Pimco Total Return Fund, run by Bill Gross since its inception in 1987, is set to become the biggest mutual fund in the industry's history as individual investors mostly sit out the 2009 stock
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      Lock icon Equity weightings may remain high
      951 30 Strategists are less upbeat on fixed income assets, citing a backdrop of possible interest rate rises, reports GENEVIEVE CUA EQUITY weightings of private clients' portfolios are expected to remain elevated relative to bonds going into 2010, in a sign of continuing optimism over global growth
      951 words
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      Lock icon Bull may be evolving into a different animal
      750 30  -  PAULJLIM By [NEW YORK] The bull market that came to life in March may already be morphing into a new incarnation: a more mature rally that's less euphoric, broadbased or, for that matter, certain. For starters, not only has the Standard Poor's
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      132 30 Impress with Noel's Exquisite Wine jA gifts Passionately designed for your important Pall fi2QQ 1155 or Visit associates and business partners, select from our wdll o^9? I 133 Ol VIoIL wide range of wine gifting ideas. WWW.nOel9iftS.COin Featuring a selection of medallion winners UiUci lIUW. and a wide variety of
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  • Page 30 Miscellaneous