The Business Times, 28 December 2009

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Total Pages: 26
1 26 The Business Times
  • 20 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg Sf!i A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 123/08/2009 Monday, December 28,2009
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  • 1588 1  -  YEN SREENIVASAN After a challenging decade, the industry could also see stirrings of mergers and acquisitions By [SINGAPORE] The global aviation industry ends the decade the same way it came into it in a state of crisis. Few other industries have the same
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  • MARKETS DIGEST
    • 53 1 >T Index 2,837.70 +35.11 1 COMP 1,263.94 -3.03 IIKKEI225 10,494.71 +352.66 IANG SENG 21,517.00 +341.12 SET INDEX 730.41 +14.73 JAKARTA COMP 2,474.88 -34.70 1ANILA COMP 3,024.33 +7.34 ;eoulcomp 1,682.34 +35.30 iHENZHEN B 607.25 +23.95 IUMBAI IND 17,360.61 +640.78 )OW 10,520.10 +191.21 IAS DAI 2,285.69 +74.00 ;&P 500 1,126.48 +24.01
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    • 30 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 14.817 TAIWAN 4.696 JAPAN 1.475 KOREA 9.33 BRITAIN as° US 325 CANADA 2.25 SWITZERLAND a 53 INDIA 11.75 Source:
      : Bloomberg  -  30 words
    • 46 1 IS$ (S$ ier US$) 1.408 (US$/S$ per 1.599 2.251 lURO (US$,S$/E) :oreign currency r. 1.435 2.020 per US$, S$ 'EN 91.30 64.90 3.433 2.438 IK$ 7.754 5.507 !AHT 33.34 23.68 lUPIAH 9,480 6,733 1ENMINBI 6.828 4.850 INDIAN RUPEE 46.76 33.21 1.133 0.805 IZ$ 1.415 1.005
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  • 817 1 NYT As US attendance falls, region's middle class is a big draw [SINGAPORE] The global downturn has put some US theme parks into bankruptcy and upended grand plans for new ones in the Middle East. But in Asia, a development boomlet is under
    NYT  -  817 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 45 1 IPO WATCH S^ s HIGH-FREQUENCY BizlT f -JSHB RECESSION Moribund market W^B^Bk TRADING Mixed fortunes for 0 HA SPENDING stages Q3 recovery B|i|psl Changing landscape of tech industry "P jfla The shrinking US page 5 US equities page 12 page 26 HI teen dollar pageiB
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  • TOP STORIES
    • 180 2 WE refer to Mr Wong Wei Kong's Hock Lock Siew column, "UlS's predicament results from conflicting interests", published on 21 December 2009. We would like to take this opportunity to highlight the unique characteristics of a closed-end fund like UIS. Unlike an
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    • 332 2  -  ARTHUR SIM But Spore still seen as 4th top spender in SE-Asia: KPMG By [SINGAPORE] Transport infrastructure spending in Singapore, which peaked in 2007, is likely to moderate in the coming years. According to a KPMG report, transport infrastructure spending hit US$4.l6 billion in
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    • 902 2  -  ANDREW MARKS WALL STREET INSIGHT Santa rally hits 5-day winning streak, with new highs for the year By in New York THE stock market gave Wall Street and investors an unexpected Christmas present last week, sending the major US equity indexes into the long
      BLOOMBERG  -  902 words
    • 205 2 -Reuters [DUBAI] Dubai Properties Group, owned by the ruler, Sheikh Mohammed Rashid Al Maktoum, replaced several executives, including its chief financial officer, yesterday. The company also pledged better corporate governance to improve operations. Changes at the property firm a unit of Dubai Holding,
      -Reuters  -  205 words
    • THREE-MINUTE DIGEST
      • 70 2 AFTER collectively losing almost US$49.l billion between 2000 and 2009, airlines worldwide are now looking at a combined loss of US$5.6 billion in 2010. But lata does not foresee more bankruptcies, given carriers have collectively raised some US$25 billion from the market
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      • 57 2 THE global downturn has put some US theme parks into bankruptcy and upended grand plans for new ones in the Middle East. But in Asia, a development boomlet is under way as operators race to roll out parks and add attractions to draw in
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      • 70 2 THE stock market gave Wall Street and investors an unexpected Christmas present last week, sending the major US equity indexes into the holiday weekend with a rally that reached a five-day winning streak and new highs for the year when markets closed on Thursday.
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      • 65 2 CHINESE Premier Wen Jiabao has struck a defiant note about the country's controversial exchange rate policy, saying the government will not give in to foreign demands to let the yuan rise. Mr Wen said yesterday that the currency faces growing pressure to
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      • 87 2 THE long and acrimonious legislative fight over US healthcare reform is nearing an end. Barring unforeseen circumstances, President Obama will begin his second year in office with a signing ceremony on a historic piece of social welfare legislation. That won't end the controversy
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      • 92 2 FOR more than six months, 2009 was looking like a calamitous year for initial public offers. It was August before investors and companies plucked up courage for the first mainboard listing of the year engineering company PEC, which raised just $25 million. Then, like
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      • 76 2 MACARTHURCOOK Industrial Reit, which plans to buy four industrial buildings from its new co-sponsor AMP Capital Holdings, will defer completion of the deal to Jan 11. In filings to the Singapore Exchange on Dec 24, the industrial trust also gave an update on
        76 words
      • 56 2 PROPERTY owners faced with falling rents and capital value can trim operating costs to maintain returns. Asset consultancy firm EC Harris says a growing number of its clients are looking to improve the operational efficiency of their buildings as parts of the property market
        56 words
      • 63 2 SINGAPORE'S tech sector is ending 2009 a year in which technology providers were hit across the board by the belt-tightening market on a cautious note. But sentiment is far from gloom and doom, IT vendors say. Fresh opportunities have emerged, and a number of vendors
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    • 878 3 J --> Reuters, Xinhua Calls for yuan rise aimed at containing China's growth, he says [BEIJING] Chinese Premier Wen Jiabao has struck a defiant note about the country's controversial exchange rate policy, saying the government would not give in to foreign demands
      J --> – Reuters, Xinhua; XINHUA  -  878 words
    • 993 3 ■LAT-WP The fight over health care reform is nearing an end [WASHINGTON] No president gets a fresh start after just one year on the job. But given the size of the problems that President Barack Obama inherited and the battles that
      ■LAT-WP; BLOOMBERG  -  993 words
  • Page 2 Advertisements
    • 198 2 HASCO SINGAPORE (PTE) LTD. Registration No. *****1773N (Incorporated in the Republic of Singapore) NOTICE OF PROPOSED AMALGAMATION under Section 215C(5)(b) of the Companies Act (Cap. 50) BETWEEN HASCO SINGAPORE (PTE) LTD. AND HASCO HOLDING ASIA PTE LTD NOTICE IS HEREBY GIVEN that Hasco Singapore (Pte) Ltd. ('Hasco Singapore") proposes to
      198 words

  • Page 3 Advertisements
    • 95 3 Festive Feast at Checkers Brasserie Celebrations at The Harbour Grill Lobby Level Oyster Bar Level 3 New Year's Eve, 31st December New Year's Eve, 31st December Seafood Buffet Dinner, $i 3o $195++ with free-flow White Menu Set Dinner, $zio with 1 glass of champagne of champagne 50% off for children
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  • SINGAPORE MARKETS
    • 685 4  -  R SIVANITHY STOCKS AFTER last week's market lethargy, low volume and proprietary desk trading, it's a safe bet that we'll see more of the same this week the only question being how much more year-end window-dress-ing remains to be done. If that's the
      685 words
    • 472 4  -  SOPHIA LAI AVTAR SANDU COMMODITY WATCH COTTON is a soft, staple fibre that grows in a form known as a boll around the seeds of a cotton plant. It is used to make numerous textiles and comes in various grades, with Egyptian cotton the
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    • 607 4 -AFP CURRENCIES [HONG KONG] Asian currencies were mostly lower against the greenback last week, with the US unit rising amid speculation that the Federal Reserve will raise interest rates earlier next year than predicted. Trade was thin as risk-averse investors mostly stayed on
      -AFP  -  607 words
    • 1486 4 Consensus No. of Forecast Mean Fri's recommendation esti- EPS PE target price This wk Last mth mates (cents) (ratio) price lompany name Mlgreen Pro :ies Ltd 1.91 1.91 11 7.91 15.56 1.35 1.24 ,RA Asset Mi jt Ltd 2.00 2.00 2 8.05 10.75 1.07 0.87 ,rmstrong Ind Corp
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    • 4 4 WEEKLY
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    • 65 4 Dec 24 VALUE CLOSE BT OB/OS 38.00 +147.0 BT CADI -*****.00+82.00 BT 10-day MA -*****.00 +4.00 FTSE ST Mid Cap 680.29 +2.38 FTSE ST Small Cap 528.57 +2.96 FTSE ST All Share 698.94 -0.18 FTSE ST China Top 273.27 +1.15 FTSE ST China 294.15 +0.72 FTSE ST
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    • 58 4 VOLUME Oceanus 197,365,000 Teledata 159,513,000 Z-Obee Hldqs 132,642,000 Gentinq SP 126,751,000 HockLianSenq 92,390,000 MAP Tech 79,458,000 Golden Agri 72,079,000 RafflesEdu 54,193,000 SinoGrandnes 49,441,000 Yinq Li 48,934,000 VALUE(S) DBS Grp 202,906,820 UOB 153,140,689 Gentinq SP 148,380,580 Noble Grp 138,595,790 Sing Tel 137,245,160 OCBC Bk 116,059,991 CapMallsAsia 109,626,740 Capita
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    • 105 4 DBXT FTVietnam 10US$ BY CENTS CLOSE UP 4319 512.4 9.2 JMH 3018 186.3 4.6 DBXT MSKorea 10US$ 4579 100.2 1.6 urom Cement 210 82.0 64.1 DBXT MSTaiwan 10US$ 1620 81.9 3.7 China H 10US$ 1642 66.3 2. India Ni 10 1556 55.0 3.7 JSH 1776 50.8 2.1 DBXTDJE50 10US$
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    • 123 4 Closing prices are in trading currencies, but absolute difference is in Ss. BY CENTS CLOSE DOWN *****-193.4 -1.3 GLD 10US! DBXT S&P Short 10US$ 5381-136.9 -1.8 DBXT Ni 10US$ ***** -74.8 -0. ir MS India 10US$ 1441 -26.8 -1. Ci '.ES.0912 1146 -18.0 -1. Ci 1144 -16.0 -1.4 OCC
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    • 86 4 Dec 24 %CHNG CLOSE FR Dec 23 YR SSLOW R2009 S$ HIGH USS 1.4073 0.31 1.5579 1.3800 Euro 2.0178 -0.34 2.0952 1.9150 Pounds 2.2491 0.06 2.4366 2.0356 1.2410 -0.47 1.2942 0.9453 ren* 1.5374 0.03 1.7278 1.4831 Rupiah* 0.***** -0.03 0.***** 0.***** Baht* 4.2211 0.40 4.3390 4.1040
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    • 1452 6  -  TEH HOOI LING IN a holiday-shortened week, Singapore shares closed relatively flat. Our portfolios were little changed from a week earlier. The biggest decliner was our one-year top losers portfolio, which shed 1.6 per cent. The biggest drags on it were C&G Industrial
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    • 1623 6  -  ROBERT HALILI INSIDE MARKETS Significant buy-backs by OSIM, Reyoung and AIM By THE buying remained high, while selling among directors rose last week based on stock exchange filings from Dec 21 to 24. A total of 14 companies recorded 19
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  • COMPANY NEWS
    • 701 5  -  R SIVANITHY BY MOST accounts, more companies can be expected to go for dual listings on the Singapore Exchange (SGX) and markets such as Hong Kong, Taiwan, and possibly Korea. Fertiliser firm China XLX was a recent trend-setter on this front at
      701 words
    • 992 5  -  CHEW XIANG From September, investors pumped more than $3b into 12 new listings By FOR more than six months, 2009 was looking like a calamitous year for initial public offers and the entire supporting cast of bankers, financial advisers, underwriters and lawyers. It was
      REUTERS  -  992 words
    • 415 7  - M I-Reit to defer completion of acquisition deal UMA SHANKARI It gives update on use of rights issue proceeds, announces board changes By MACARTHURCOOK Industrial Reit (MI-Reit), which plans to buy four industrial buildings from its new co-sponsor AMP Capital Holdings, will defer completion of the deal to Jan 11,
      415 words
    • 373 7  -  UMA SHANKARI Low interest rates, high liquidity to lend support next year By OCBC Wealth Management remains positive on equities for 2010, but says markets are likely to be in for a bumpy ride. "Low global interest rates and the abundance of liquidity should
      BLOOMBERG  -  373 words
    • 256 7 Payment (cts) Ex Books date close Pay date Pac Brew ak 18.000 26-Jan 28-Jan 10-Feb lUstraland Pro; ah 2.000 29-Dec 31-Dec 08-Feb lerebos Pac af 19.000 04-Feb 08-Feb 23 Feb lerebos Pac an 6.000 04-Feb 08-Feb 23 Feb iastern Hldi aw 0.400 05-Jan 07-Jan 18-Jan Izra Hid. ak
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    • 418 7 Dec 24 BANKS ABN Amro Bank NY 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank
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    • 172 7 COMPANY MEETING PLACE DATE TIME Wee Hur Hldgs E Quality Hotel Singapore, Grand Ballroom, 201 Balestier Road, Singapore *****6 28-Dec 11.30am NH Ceramics E 48 Sungei Kadut Street 1, #03-00, Poh Cheong Building, Singapore *****7 29-Dec 11.00am Miyoshi Precision A No. 5 Second Chin Bee Road, Singapore *****2
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    • 226 5 IlvL vX-'tT^SsH ill i jt/^*"-•^ 'ill^w wUTa nri dviii S <,ti O n S (tsga) (ffca/ofim j^j.^3 museum v_^-^-«v^* y*w HASCO HOLDING ASIA PTE LTD Registration No. *****0535 C (Incorporated in the Republic of Singapore) NOTICE OF PROPOSED AMALGAMATION under Section 215C(5)(b) of the Companies Act (Cap. 50) BETWEEN HASCO
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  • Page 7 Advertisements
    • 2387 7 iMTucuATTHDnr UNITED OVERSEAS BANK LIMITED NOTICE THE CQMR4NIESACT SkP 501 Company Registration No. *****0026Z IHw IVE THE COMPANIES ACT ICAP. 50| (Incorporated in the Republic of Singapore) nl IN THE MATTER OF LOST SHARE CERTIFICATES Please be informed that cooes feather pie ltd r-t. i r- >•»•<-c-u V v «->
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  • SINGAPORE NEWS
    • 369 8  -  EMILYN YAP More property investors striving to cut operating costs, says EC Harris By COMPANIES that fail to boost revenue can cut costs to protect their bottom line. Similarly, property owners faced with falling rents and capital value can trim operating costs to maintain
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    • 929 8  - Global Indian Foundation spreads further all the way to the US GEORGE JOSEPH Acclaimed group to set up school in Silicon Valley By A SINGAPORE-BRED, award-winning international school group has taken its excellence in education a notch higher by setting up its first school in the United States. The Global
      I YEN MENG JIIN  -  929 words
    • 589 8  -  ARTHUR LEE COMMENTARY One way: introduce a subscription-only package for frugal subscribers HANDPHONES became a hot topic of discussion last weekend on a guys' night out. My pal liked the phone I was using but complained that he had a long time to go before
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  • Page 8 Advertisements
    • 146 8 jj^H Tan Lay Koore M-** A| KT^iS Cli'pKAC a tier 1 cayefl OCBC lmestmec3r-5" Gold, cars or food fcr&re™^ Wftt'' vi|)tage car colleeSon copy from any fSpinelli outlet at $5.50 and get a complimentary Spin or Latte! PULSES DECEMBER ISSUE, OUT NOW! In the December issue of Pulses, find out
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 899 9  -  Management by walkabout is an essential tool a manager needs to have to get things done right and to do the right things at the workplace. This technique allows you to coach and mentor your staff in their job, says ANGELINEVTEO ACCORDING to Tom Peters,
      899 words
    • 962 9  -  CAMPUS LIFE A stint in Shanghai was the perfect thing to gain an in-depth understanding of China, writes RONALD YEO I FELT privileged and honoured when my university, Nanyang Technological University (NTU), offered me the opportunity earlier this year to participate in its flagship Global
      AFP  -  962 words
    • 204 9 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
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  • Page 9 Advertisements
    • 46 9 cffibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
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  • ECONOMY WATCH
    • 1128 10 -AP LOOKING AHEAD Jobless rate now stands at 10%, with 15.4 m people out of work [WASHINGTON] The decade ahead could be a brutal one for America's unemployed and for people with jobs hoping for pay raises. At best, it could take until the
      -AP; AFP  -  1,128 words
    • Article, Illustration
      11 10 Oil was best bet in 2009 Source: I Bloomberg
      : Bloomberg  -  11 words
    • 288 10 Reuters [HANOl] Vietnam's Prime Minister Nguyen Tan Dung has ordered seven major state-run companies to sell the US dollars they have been keeping to help ease a dollar shortage that has been a problem for the economy almost all year.
      ■ Reuters; AFP  -  288 words
    • 603 10 Reuters They indicate the economic recovery is unsteady [BOSTON] The unexpected sharp drop in new home sales in the United States last month, coupled with rising mortgage delinquency rates, illustrates the delicacy of the current economic recovery after a brutal downturn. The bursting
      Reuters; : Bloomberg  -  603 words
    • 670 10 Reuters [BANGALORE] Small and mid-sized US banks can hold off repaying funds under the US Treasury's Troubled Assets Relief Program (TARP), as they may escape government pressure to raise capital and face less taxpayer scrutiny over compensation practices. "There's no benefit
      – Reuters  -  670 words

  • MALAYSIA/INDONESIA
    • 658 11  -  PAULINE NG MALAYSIA INSIGHT The laughable and dangerous case of the stolen RMAF jet engines demands a full accounting to Malaysians THE flak sparked by the theft of two airforce jet engines won't rank as one of Malaysian Prime Minister Najib Razak's better
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    • 783 11 -AFP [KUALA LUMPUR] A massive tract of Borneo jungle, an area the size of Singapore, will soon disappear under the waters of the Bakun dam, a multi-bil-lion-dollar project nearing completion after years of controversy. The dam, which forced thousands of indigenous people off
      -AFP  -  783 words
    • 2046 11 lee 24 RM C000) ASM Realty 0.60 \bric Bhd 0.19 advance Synergy 0.16 Adventa Bhd 2.80 AeMuIti Hldgs 0.49 Win Holdings 2.53 Ahmad Zaki Resou 0.90 AicCorp 0.45 \irasia Bhd 1.33 Akn Technology 0.10 alliance Financi 2.68 aluminium Co 1.07 Amalgamated Ind 0.49 tamb Hldgs Bhd 4.87 Amtel
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    • 415 11 Bloomberg [SINGAPORE] Malaysia's central bank expects inflation to remain "manageable" and any changes in interest rates will be small, CIMB Investment Bank Bhd said, citing a roundtable meeting with governor Zeti Akhtar Aziz. "Bank Negara Malaysia's governor indicated that the conduct of monetary policy
      – Bloomberg; BLOOMBERG  -  415 words
    • 285 11 Reuters [JAKARTA] Indonesia's foreign direct investment (FDI) is set to rebound 15 per cent in 2010 on a global economic recovery after dropping 28 per cent this year to just below US$lO billion, the state investment agency (BKPM) said. Policy makers in
      – Reuters  -  285 words

  • FOCUS: HIGH-FREQUENCY TRADING
    • 2860 12 Reuters Critics worry the secretive and controversial world of high-frequency trading may undermine the integrity of the US equity market [NEW YORK] INSIDE the offices of Tradeworx, an emerging player in the secretive and controversial world of high-frequency trading, it's dead quiet
      – Reuters; REUTERS  -  2,860 words

  • GREATER CHINA
    • 476 13 Reuters Grid operators must buy electricity from renewable energy generators [BEIJING] A new Chinese law requires power grid operators to buy all the electricity produced by renewable energy generators, in a move that will increase the proportion of energy that comes from renewable
      Reuters; AFP  -  476 words
    • 398 13 Reuters Export growth vital to China's economy and will create jobs [BEIJING] Beijing will not relax its efforts to sell Chinese products overseas in 2010 and seek a bigger share in the global market, China's vice trade minister said yesterday. China, which may
      Reuters  -  398 words
    • 312 13 Reuters [SINGAPORE] A group of financiers is trying to put a US mattress maker now under bankruptcy court protection into play by encouraging Chinese bidders to top an already arranged offer for Simmons Bedding Co, the Wall Street Journal reported late on Saturday. Success looks unlikely
      – Reuters  -  312 words
    • 739 13 Reuters [BEIJING] Meng Ni and Fan Zhiqing said "I do" to each other in the same month that they said "we do" to their real estate agent. China is in the midst of a golden age of weddings, a boon for businesses from photo studios
      Reuters  -  739 words
    • 621 13 Reuters They get state help in financing loans for projects abroad [HONG KONG] When A-Power Energy Generation Systems secured a deal to supply turbines for a US wind farm project in October, the little-known Chinese firm had an ace up its sleeve to help it
      ■ Reuters  -  621 words
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  • INDIA
    • 714 14  -  ANTHONY ROWLEY India, Russia trips aimed at countering view new govt is ignoring key allies By i in Tokyo JAPANESE Prime Minister Yukio Hatoyama's government is marking the closing days of 2009 with a lastminute round of intensive foreign diplomacy. Mr Hatoyama
      AFP/JIJI PRESS  -  714 words
    • 469 14 -AFP Private airlines will return to profit next fiscal year: report [NEW DELHI] India's airline passenger market could emerge as the world's fastest growing, an aviation consultancy said on Thursday, as it forecast the nation's private carriers would return to profit next year.
      -AFP  -  469 words
    • 342 14 Bloomberg [MUMBAI] The Bombay Stock Exchange, Asia's oldest bourse, said it is planning to cut trading fees starting tomorrow and roll out derivative products to take market share from its bigger rival, the National Stock Exchange of India Ltd. The Bombay
      Bloomberg  -  342 words
    • 308 14 -Reuters [HYDERABAD] A senior Congress leader and governor of a southern Indian state has resigned after an alleged sex scandal in another blow to the ruling Congress party, which is facing protests over statehood demands there. Governor ND Tiwari, a top representative of India's
      -Reuters  -  308 words
    • 631 14 Reuters It has an action plan prepared ahead of monsoon season [SURAT] Vipul Tejani runs a small factory in Surat, the diamond capital of India which in the past 15 years has been hit by massive floods, rising sea levels, and even the
      – Reuters; REUTERS  -  631 words
    • 207 14 Reuters [MUMBAI] India's finance minister said that tightening credit would not help ease the country's soaring food price inflation. "If it is substantially from the supply side and if it is not from the demand side, then simply by tightening credit, you are not
      – Reuters  -  207 words
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  • FOCUS: CDOs
    • 2897 15  -  GRETCHEN MORGENSON LOUISE STORY NYT Goldman and others not only bundled synthetic CDOs but also bet against them and reaped rich rewards, while their clients suffered losses By and [NEW YORK] N late October 2007, as the financial I markets were starting to come unglued,
      NYT; BLOOMBERG  -  2,897 words

  • ASIA-PACIFIC/WORLD
    • 572 16 Reuters Project is biggest in Korean history; all four reactors due to be ready by 2020 [ABU DHABI] A South Korean consortium won a US$4O billion deal to build and operate four nuclear reactors for the United Arab Emirates (UAE),
      Reuters  -  572 words
    • 312 16 -AFP This is to preserve faith in state finances, central bank president tells paper [BERLIN] European Central Bank President Jean-Claude Trichet urged the 16 countries using the euro to slash their deficits "in 2011 at the latest", in an interview published on
      -AFP  -  312 words
    • 52 16 AFP [TOKYO] Japanese contemporary artist Yayoi Kusama (left) and Audi Japan president Dominique Boesch posing next to one of her art designs using a large pumpkin at an Audi showroom in Tokyo. Audi displayed Kusama's masterpieces at the showroom for an exhibition titled 'Yayoi Kusama Congratulates Audi's
      AFP  -  52 words
    • 755 16 Bloomberg [NEW YORK] The financial crisis that popped the real estate bubble and pushed US bank failures to a 17-year high landed the Federal Deposit Insurance Corp a rapper's tour bus that reeked of marijuana. "It smelled so bad of pot after one tour
      – Bloomberg  -  755 words
    • 310 16 Reuters [TOKYO] Japanese National Strategy Minister Naoto Kan said yesterday that the country's economy can avoid a double-dip recession thanks to economic recovery abroad, fiscal stimulus by the government and better market conditions. Japan's economy is in deflation and the three-month old Democratic Party-led
      – Reuters  -  310 words
    • 685 16 -AP Congress has numerous issues to tackle next month [WASHINGTON] How many Americans will get subsidised medical coverage plus who will pay for it will be front-burner issues when Congress returns next month to complete President Barack Obama's health care remake. Pocketbook concerns
      -AP  -  685 words
    • 1068 17 Reuters LOOKING AHEAD Investors should be wary of shocks that may overturn the region's risk profile [SINGAPORE] Investors who kept faith in Asia as the world teetered on the brink of financial meltdown a year ago have been richly rewarded the
      Reuters; AP  -  1,068 words
    • 954 17 Reuters [AMSTERDAM] To understand Europe's growing fascination with the wide-eyed innocents and baroque demons of the Japanese comic books known as manga, it may help to look back at the end of the 19th century. "I envy the Japanese the extreme clarity that everything
      – Reuters; REUTERS  -  954 words

  • Page 17 Advertisements
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  • FOCUS: RECESSION SPENDING
    • 1078 18 NYT Sales are down at nearly every big retail chain catering to teenagers, who are more mindful about money amid the downturn [NEW YORK] AFTER a year of observing their parents pinch pennies and fret about the economy, America's teenagers may be coming to
      NYT; AFP, REUTERS I  -  1,078 words
    • 1601 18 Reuters US stores rethink strategy as customers lose jobs and receive benefits [SAN FRANCISCO] AT 11 pm on the last day of the month, shoppers flock to the nearest Walmart. They load their carts with food and household items, and wait for the
      – Reuters; I BLOOMBERG FILE PHOTO  -  1,601 words

  • AVIATION/SHIPPING
    • 664 19 -AFP Measures include frisking passengers and searching hand luggage [SINGAPORE] Air traveUers worldwide faced tightened security yesterday as authorities ramped up efforts to prevent attacks in the wake of a failed bid to blow up an aeroplane over the United States. Amsterdam-Schiphol
      -AFP; REUTERS  -  664 words
    • 2886 19 AIRLINE CODES: AA American Airline;. (AAL), AF Air France (AFR), Al Air India Finnair Oy (FIN), AZ Alitalia Airlines (AZA), Airways Public Ltd Co (BAW), BG E .desh Airlines (BBC), Bl Royal Brur dn Bhd (RBA), BO Bouraq Airlines (BOU), i ~»ays Corpn(EVA), CA Air China
      2,886 words
    • 236 19 Reuters [TOKYO] Japan's Skymark Airlines Inc is ready to introduce seven more Boeing 737-800 planes to its fleet if the discount carrier can get 20 more landing slots at Tokyo's Haneda airport, a company source says. Haneda, which currently handles
      Reuters  -  236 words
    • TRANSPORT STOCKS
      • 109 19 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd.. Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KlVentures Keppel Corp Mercator Lines MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Man Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.66 0.33 1.10 0.70
        109 words
      • 36 19 '000 nt'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings 0.95 8.97 8.85 3.12 3.08 unch 0.09 -0.02 0.14 -0.12 -0.04 -0.05 unch unch 32) 151 9: 151 1' 1601
        36 words
      • 12 19 '00 'recious Ship Regional Cont 17.60 10.10 -0.30 -0.40 224) 55)
        12 words
      • 11 19 '000 JOil iingamas Cont 33.95 1.27 -2.05 159) -0.07 3581!
        11 words
      • 21 19 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 8.80 23.50 unch unch unch 0.25 unch unch 79! 2401 1
        21 words
      • 14 19 Evergreen Marine ....16.20 :irst Steamship 44.80 Wan Hai Lines 15.50 -0.75 -1.85 -0.75
        14 words
      • 37 19 '000 !awasaki Hvy Ind ..203.00 -8.00 ***** !awasaki Kisen 246.00 -14.00 7598 /litsubishi Hvy 274.00 -16.00 ***** /litsui Eng&Sbldg...203.00 -lunch 5444 /litsui Osk Lines 473.00 -25.00 ***** Jippon Express 372.00 -6.00 4056 lipponYusen 265.00 -12.00 *****
        37 words
    • 316 19 Bloomberg [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, posted its best-ever annual advance in London after record iron-ore demand from China. The index tracking transport costs on international trade routes advanced 288 per cent
      – Bloomberg  -  316 words
    • 355 19 J Reuters [MOGADISHU] A helicopter dropped a US$4 million ransom payment yesterday on to the deck of a Chinese coal ship hijacked by Somali pirates in mid-October, a pirate source on board the vessel said. The De Kin Hai and its 25 crew were carrying
      J – Reuters  -  355 words
  • Page 19 Miscellaneous
    • 278 19 CRYPTIC CROSSWORD Across I Pride of cats sit in a com- 1 1 1 1 8 One or two, say, in between j 9 Bush is reportedly popular now (7) I 1 Difficulty accepting the "j~j—^ French man's top (7) 12 Open atomic crime organ--13 Academy pupil's grant (5) 14
      278 words

  • SINGAPORE STOCKS
    • 8958 20 Week ended: Dec 24 Hi. »-wks Tel Low Code Com| Sale ('000) Hi I Low Bu' Seller C'vr P/E $mil 18 3 3148 STelecom 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
      8,958 words
    • 1807 21 52-wks Tel High Low Code Company Last Sale Vol Week Last Quote Div Gr Yld Net C000) High Low Buyer Seller C'vr P/E M Cap $mil 10 6 1181 s AAGrp 25 12 8538 t APStrategic 4 0.5 1501 s Advanced System 7.5 3.5 3480 t Adventus 20
      1,807 words
    • 464 21 52-Wk Tel h Low Code Last Sale Vol ('000) Week lh Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil _Hm Comi _H|< 111 107 6389 ABF SG Bond ETF 819 427 CIMBAsean40 100US$ 290 149 DBS STI ETF 100 4627 3534 DBXT DJE50 10US$
      464 words
    • 254 21 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
      254 words
    • 111 21 Stock name Close Change Stock name Close Change Stock name Close Change 4.170 +0.010 JMH 30.180 -0.260 SIA En: 3.210 +0.030 litaMall 1.770 -0.010 JSH 17.760 -0.100 SMRT 1.860 -0.010 :if 11.440 Jardine C&C 25.900 -0.360 SPH 3.600 -0.010 ;omfortDelGro 1.610 Keppel Corp 8.180 -0.040 ST
      111 words
    • 100 21 Up Down Unch Up Down Unch Up Down Unch Multi Ind 113 4 0 0 0 11 3 4 Manufacturing 75 86 60 15 15 90 90 75 Commerce 30 18 26 36 23 31 'St. >r/G ms 19 17 19 19 Finance 22 22 Construction 10
      100 words
    • 123 21 TURNOVER C000) MAIN SDQ TOTAL MAIN VALUE C000) SDQ TOTAL Multi Ind 57,498 57,498 154,231 154,231 Manufacturing 747,789 43,716 791,505 437,529 2,411 439,940 Commerce 460,559 53,484 514,043 388,915 9,763 398,678 Tpt/Stor/Comms 291,360 6,129 297,489 381,501 1,165 382,666 Finance 77,286 10 77,296 551,754 551,755 Construction 191,126 42,115 233,241
      123 words
    • 2654 21 Transaction date: Dec2s For a full listing of the closing prices, log on to BT online at http://business-times.asial.com.sg after 11.30pm every trading day Vol ■000 HK$ )ec24 \eon Stores \ngang Steel \nhui Conch \nhuiexpressway \sia Satellite \sm Pacific Sank Of E Asia Seida Jade Bird Jeijing Airport Seijing
      2,654 words
  • Page 20 Advertisements

  • Page 21 Advertisements
    • 29 21 I The Business Times Insiders'trades. Brokers'recommendations. Dividend table. mm The pages also cover transactions by directors and substantial M H Ay shareholders. In other words, news you can use.
      29 words

  • FINANCE & COMMODITIES
    • 378 22 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Dec 25 World Index Preliminary 835.6 -0.1 23.3 -0.1 24.2 -0.1 27.3 EAFE Preliminai 782.7 -0.1 20.6 -0.1 24.0 -0.1 27.1 Euro[ Prelim inan 1123.4
      378 words
    • 131 22 As at 9am Dec 24 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2280 1.2660 Can dollar 1.3350 1.3510 Euro 2.0080 2.0310 NZ dollar 0.9840 1.0060 Sterlini ind 2.2350 2.261 US dollar 1.4000 1.4160 Local dollars to 100 units of foreign
      131 words
    • 169 22 Dec 24 Xierniqht -month -months l-months Overnight mode: 1/8 IS$ 0.05 7/16 9/16 11/16 Offer 3?it 5/16 7/16 Bid Hays I month I months 3 months i months months I IN --l.il, EAu 0.25 0.29 0.35 0.37 0.55 0 90 1.00 Offer 0.20 0.24 0.25 0.27 0.45 0.70
      169 words
    • 22 22 Dec 25 iTI Dec closed ilMSCI Dec closed "aiwan Dec 289.0 290.0 289.8 Source: MF Global (S) He. Ltd
      22 words
    • 21 22 Dec 24 Bid Offer -month 1.4076 1.4091 j-months 1.4080 1.4095 {-months 1.4083 1.4097 >-months 1.4089 1.4104 Source: OCBC
      21 words
    • 61 22 Dec 24 lelivery lonth Opening Sett Av Range Price Price Hi Vol Open Done Position Low Ian 10 2470 =eb 10 2491 Vlar 10 2512 <\pr10 2517 FotaI o/p: ***** contracts 2496 2512 2470 2537 2553 2491 2554 2573 2511 2554 2576 2517 Turnover: 8233 lots Market tone:
      61 words
    • 307 22 Dec 25 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar10 Jun10 Sep10 Dec10 0 0 0 0 ***** 6405 3136 3824 EUROYEN TIBOR FUTURES Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 99.6250 99.6600 99.6800 99.6700 99.5850 99.5600 99.5600 99.3650 0 0 0 0 0 0
      307 words
    • 179 22 Dec 23 (UBBtK Futures (Closing prices) !SS 3 (US cents/kg) /lonth High Low Close Sett Volume (lots) O/l (lots) Ian 10 279.5 =eb 10 280.5 Vlar 10 <\pr1O Vlay 10 lun 10 279.5 280.5 280.5 281.0 282.0 283.0 284.5 286.0 18 30 40 40 660 789 614 490
      179 words
    • 83 22 Dec 24 'eriod Issue code Maturity Yesterday's Bid Hi< Day's |h Low I-Month BQ*****N 25.03.2010 -Year BY*****N 01.11.2010 0.54 0.55 3OVERNMENT BONDS >eriod Issue Coupon Maturity code rate Close Bid Day's High Low !-Year NXO11OOH 3.625 i-Year N5O91OON 1.375 '-Year N*****0S 2.875 O-Year NX*****W 2.500 5-Year NY*****H 3.000
      83 words
    • 102 22 Dec 24 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jan 10 999.50 1001.25 1009.00 997.00 Mar 10 1008.00 1009.00 1017.00 1005.25 May 10 1014.50 1015.00 1025.50 1013.25 Jul 10 1019.50 1019.75 1027.25 1016.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Ian 10 38.46 38.08 38.89 38.00
      102 words
    • 77 22 CRUDE OIL PRODUCTS Dec 24 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 74.78 -0.14 WTI (Near Mth) 77.78 1.43 Dubai (1-Mth F) 75.08 2.16 Tapis blend 79.95 2.10 Minas 77.55 2.10 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 79.20 83.90 1.15 2.60 US$/barrel Opec Oil
      77 words
    • 442 22 Dec 24 lustralia 0.926 6.028 0.615 6.845 41.283 83.685 0.806 10.373 3.030 1.249 74.372 40.951 1.243 6.709 0.917 28.480 29.435 0.552 0.883 :anada 1.080 6.511 0.665 7.393 44.590 90.389 0.871 11.204 3.273 1.349 80.330 44.232 1.342 7.246 0.991 30.761 31.793 0.596 0.953 Ihina 0.166 0.154 0.102 1.136
      442 words
    • 68 22 Dec 24 mth 0.***** 0.***** mths 0.***** 0.***** mths 0.***** 0.***** mths 0.***** 0.***** mths 0.***** 0.***** 2 mths 0.***** 0.***** ;WAP Offer rates mth mths mths (S$) 0.***** 0.***** 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 1.***** SWAP Mid rates (S$) 1 yr 0.***** 2yrs 1.*****
      68 words
    • 149 22 Dec 24 Zurrencies Bid Offer Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 1.2421 1.2437 0.8826 0.8829 Canadian dollar 1.3417 1.3433 0.9534 0.9536 iuro 2.0188 2.0209 1.4345 1.4346 IZ dollar 0.9940 0.9964 0.7063 0.7073 Sterlinc 2.2499 2.2527 1.5987 1.5991 IS dollar 1.4073 1.4087 >$IUS$
      149 words
    • 132 22 Dec 24 /oz) tec tec -long Kong 1085.50 1102.20 .ondon Dec 24 Dec 23 1101.35 1092.60 1102.35 1093.40 Source: Thomson Reuters CAST BAR (S$) Dec 24 Buying Sellim Kilobar "53,352.34" ***** PAMP GOLD BARS (S$) Selling Buying gm igm Ogm !0gm JOgm OOgm oz ozUBS Kinphar™ 119.84 339.19
      132 words
    • 70 22 Dec 24 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2218.10 2219.00 3 months 2255.00 2256.00 Copper, Grade A (US$/tonne) Cash 3 months 7035.50 7070.00 6965.25 7000.00 Lead (US$/tonne) Cash 2320.02 3 months 2349.50 2300.25 2330.50 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash 3
      70 words
    • 76 22 Dec 24 :OCOA (Btonne) Close Prev Hii ih/Low War 10 2242 2231 2245/2233 Way 10 2261 2248 2261/2253 lul 10 2235 2228 2236/2228 iep10 2207 2199 2211/2205 IOFFEE (US$/tonne) Close Pev High/Low Ian 10 1287 1295 1299/1284 Vlar 10 1327 1335 1342/1325 Vlay 10 1363 1370 1374/1362 SUGAR (US
      76 words
    • 2446 22 BONDS, WARRANTS EXTENDED SETTLEMENT [el lode Company Last Vol Conv Exer Sale +or- ('000) Ratio Price Disc Gear- Mths ing Left Asia-Pacific Strategic W*****6 3 0.5 307 1 15 6 5.67 53 >036 Advance SCT Ltd W*****9 0.5 160 1 87 1844 9.00 8 i756 Asiatic Grp (H) Ltd W*****2
      2,446 words

  • Page 23 Advertisements
    • 3040 23 The Business Times Shipping Times 0k BlWn^BffTWWtHT^ffffßßnß WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M V l/%fi £BBmg9k V&KfllSSp V~ v |l|rf> TEL *****588 (14LINES) FAX:*****163 S^^^^l I^H^^^^^H .H-H EBfflS V^MRmI \\^^tt I WAN HAI INt PKLIEL: (03> *****838 FAX: <03| *****288 PEN HL: (04) *****00 FAX: <04)*****99 BmSU^^Kimm BEHBSB
      3,040 words

  • Page 24 Advertisements
    • 3182 24 V^^^VHEEEEEE^S I linn eastern car liner, ltd ii h S3®3£& I H___^^^H 1 SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS WEEKLY EXPRESS SAILING SCHEDULE I HDM SERVICE FMX and SMX SERVICE Connecting EMC SERVICE at MALTA I A SHE KYAE 69 40 122 07/01 08/01 11/01 13/01 ALSO ACCEPHHG
      3,182 words

  • BizIT
    • 853 25  -  YEAR IN REVIEW Cloud computing, mobile broadband and social networking among key trends, according to vendors. ONG BOON KIAT reports CLOUD computing, mobile broadband and social networking received the most mentions as the top technology trends in Singapore and the region during the past year,
      REUTERS  -  853 words
    • 375 25 Reuters [SAN FRANCISCO] Apple Inc shares reached their all-time high last Thursday as excitement builds over the expected release of its tablet computer. Although Apple has never acknowledged that a device exists, anticipation is peaking as the company enters the new year.
      Reuters  -  375 words
    • 184 25 Bloomberg [TOKYO] Panasonic Corp developed two new higher-capacity lithium-ion batteries for use in notebook personal computers and electric cars. The company plans to start mass production of the 3.4-ampere hours model in the year ending March 2012 and the higher-capacity 4-ampere hours model the following
      – Bloomberg  -  184 words
    • 157 25 AFP [BEIJING] China has placed more than 4.65 million computers at some 80,000 Internet cafes under watch in a bid to crack down on violent or pornographic online games, state media reported last Friday. Xinhua quoted Culture Minister Cai Wu as saying in an
      AFP  -  157 words
    • 227 25 Reuters [TAIPEI] Quanta Computer, the world's largest contract laptop PC maker, will soon sign an agreement to build a plant in western China, a source said, aiming to supply to global PC leader HP from 2011. Quanta's smaller rival Inventec will
      Reuters  -  227 words
    • 450 25 -Reuters Investors worry this may stall group's restructuring, M&As [TOKYO] Fujitsu Ltd, Japan's largest computer server vendor, is having a tough time finding a new company head, its president said, amid investor worries that leadership problems may stall the firm's restructuring push
      -Reuters; BLOOMBERG  -  450 words
    • 999 26  -  YEAR IN REVIEW The downturn hit IT vendors but there were bright sparks aplenty, reports ONG BOON KIAT SINGAPORE'S tech sector is ending 2009 a year in which technology providers were hit across the board by the belt-tightening market on a cautious note. But sentiment
      999 words
    • 120 26 -AFP [BEIJING] The vice-chairman and executive director of telecoms giant China Mobile, Zhang Chunjiang, is under investigation for breaching party discipline, state media reported on Saturday. Mr Zhang, who is also secretary of China Mobile's Communist Party of China (CPC) committee, was "suspected of
      -AFP  -  120 words
    • <what's up>
      • 111 26 FUJITSU has taken the wraps off a new mini-notebook that is small in size but big on style. The Lifebook MH3BO weighs I.3kg and incorporates a 10.1-inch high-definition LED screen. It promises almost eight hours of battery life for use
        111 words
      • 121 26 CANON has introduced two new projectors which it says combine portability with razor-sharp output. The XEED WUXIO Mark II and XEED SXBO Mark II allow adjustment of colour temperature and colour level to suit different background lighting. Both also incorporate a display mode that
        121 words
      • 105 26 NOKIA hopes to touch the hearts of the wired generation with a new handset that offers a constant connection to the social networking world. The new touch-screen X 6 offers instant access to 20 contacts on its home screen. Users can literally have their friends' Facebook
        105 words
      • 69 26  -  WINSTON CHAI STARHUB has launched what it says is Singapore's first pre-paid data plan for Blackberry users. Pre-paid customers can access the Internet and e-mail on their Blackberry device without the need for a recurring monthly subscription. They can choose between three time blocks for
        69 words
    • 716 26 -AFP Vibrant 10 years for the Internet and all things digital [WASHINGTON] While it got off to a rocky start with the overhyped Y2K bug and dotcom bubble, the era dubbed the "Digital Decade" by Microsoft's Bill Gates has turned out to be a
      -AFP; i FILE PHOTOS  -  716 words
    • 209 26 AFP [WASHINGTON] On Christmas Day customers bought more electronic books than hard-copy books on Internet retail giant Amazon.com, the company said in a statement on Saturday. Amazon also said that its e-book reader, the Kindle, "has become the most gifted item in Amazon's history." "On Christmas
      AFP  -  209 words