The Business Times, 1 January 2010

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Microfilm: NL30371
Total Pages: 44
1 12 The Business Times
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  • Title Section
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    20 1 THE BUSINESS TIMES www.businesstimes.com.sg JANUARY 1, 2010 S$1.00 CO REGN NO *****2868E MICA(P) 123/08/2009 sfh A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • Article
    Lock icon S’pore GDP shrank 2.1% in troubled 2009
    408 1  -  Govt sees 3-5% growth next year as S’pore shifts gears By Teh Shi Ning tshining@sph.com.sg Singapore SINGAPORE has pulled through a difficult year, but will have to transform its economy to prepare for the post-crisis world, Prime Minister Lee Hsien Loong said yesterday.
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  • Article
    Lock icon Junket reporting may cramp casinos’ style
    758 1  -  Casino operators will have to report on junket operators, who will require licences here By Arthur Sim simska@sph.com.sg Singapore HIGH rollers accustomed to discreet VIP access may find themselves in the spotlight if they plan to gamble in Singapore’s casinos. The Casino Regulatory Authority
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      Lock icon Page 1 Advertisements Column 1
      139 1 the business www.businesstimes.com.sg JANUARY EXECUTIVE LIFESTYLE Arts, culture and entertainment in the year ahead L2-7 BOOKS Exciting times for Asia-themed fiction L8-9 The Prime Minister and The Business Times wish all a Happy New Year bank loans Lending hits pre-recession level BANK lending rose above its pre-recession record for the
      139 words
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      8 1 PERSPECTIVE A classroom fable on clean tech 38-39
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  • TOP STORIES
    • Article, Illustration
      Lock icon Bank lending rises above pre-recession record
      707 2  -  Loans to businesses pick up in Nov after 2-month dip, housing loans stay buoyant By Conrad Tan conradt@sph.com.sg Singapore BANK lending rose above its pre-recession record for the first time in November, as loans to businesses picked up slightly after a two-month decline and
      ARTHUR LEE  -  707 words
    • Article
      Lock icon MARKETS
      126 2 ?ST INDEX 2,897.62 (+17.86) ?ST INDEX FUTURES 2,904 (+24) ?SIMSCI 349.01 (+2.04) ?SIMSCI FUTURES 349.50 (+2.60) PRIME RATES SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.091 TAIWAN 4.696 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.54 INDIA 11.75 Source: Bloomberg KL COMP 1,272.78 +1.66
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    • Article
      Lock icon Market caps ’09 with 76% jump to $691b in value
      879 3  -  SingTel stays on top with $49.5b; Wilmar replaces UOB as No. 2 By Jamie Lee leejamie@sph.com.sg Singapore THE Singapore market rounded off last year with a 76 per cent jump in market value to $691 billion compared to end-December 2008.
      879 words
    • Article
      Lock icon Las Vegas Sands mum on penalty issue
      211 3  -  By Arthur Sim simska@sph.com.sg Singapore THE delay of the opening of Marina Bay Sands (MBS) is likely to disappoint not only gamblers and tourists but neighbouring businesses as well. So the question of whether MBS owner Las Vegas Sands (LVS) will be held
      211 words
    • Article, Illustration
      Lock icon Wall St sees year of cheer leavened with caution
      947 4  -  Most strategists say market’s primary bullish drivers will lose steam as H1 2010 begins By Andrew Marks btworld@sph.com.sg New York A SLOW but steady US economic recovery, stronger GDP (gross domestic product) growth abroad that will support much-im-proved earnings-per-share (EPS) numbers
      BLOOMBERG  -  947 words
    • Article
      Lock icon China slams US vote to impose duties on steel pipes
      449 4 Reuters AFP Beijing CHINA yesterday decried a US decision to impose duties of 10 to 16 per cent on Chinese-made steel pipe, the biggest US trade case to date against China, and said it had been made a scapegoat of
      Reuters; AFP  -  449 words
    • Article, Illustration
      Lock icon GMAC to get US$3.8b more from Treasury
      593 5 Company to invest most of the new funds to stabilise home mortgage unit NYT Detroit THE US Treasury Department said on Wednesday that it would give US$3.8 billion more to GMAC Financial Services and become the car lender’s majority owner because GMAC had
      NYT  -  593 words
    • Article, Illustration
      Lock icon Decade of turbulence and greed
      1450 6/7  -  While the first 10 years of the new millennium were full of turmoil, there were triumphs as well By Felda Chay, Jamie Lee feldac@sph.com.sg leejamie@sph.com.sg Singapore A DECADE of zeros. A decade of nothing. Whatever you choose to call it, the past 10 years will
      BLOOMBERG; AP, BLOOMBERG  -  1,450 words
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      85 2 1 m i mi. ■fy Live the Ultimate M Your very own private theatre, engineered with the world's finest, then tuned voiced to perfection with 80 years of technological mastery. The ultimate home entertainment lifestyle experience awaits. ONG RADIO www.ongradio.com 176 Orchard Rd The Centerpoint, Unit 03-41 Tel *****138 Fax
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  • Page 6/7 Miscellaneous
    • Miscellaneous
      Lock icon Page 6/7 Miscellaneous Column 1
      48 6/7 SINGAPORE -SWEEPTOTAL PRIZES $5,540,000 $2,200,000 $800,000 a® Ss j§ 1st PRIZE SUPER SWEEP SNOWBALLED TO S W •s: TV >\ Draw No. 01/2010 $3 A 6 JANUARY 2010 (WEDNESDAY) p A Y(i) Always play with care. Do not bet illegally. RCB Reg No: *****0202G Towards Community Purpose and Benefit
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  • COMPANIES
    • Article
      Lock icon Investors take to Z-Obee dual listing plans
      693 8  -  Stock biggest percentage gainer for 2009 along with Medtec; wayward S-chips among top percentage, dollar losers By Jamie Lee leejamie@sph.com.sg Singapore Z-OBEE Holdings stock was 2009’s biggest percentage gainer as investors gave the nod to the company’s push for a dual listing in
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    • Article
      Lock icon Morgan Stanley eyes 20% equity upside in Asia-Pacific
      440 8  -  By Oh Boon Ping huwenbin@sph.com.sg Singapore INVESTMENT bank Morgan Stanley predicts a 20 per cent upside on Asia-Pacific stocks, and named China as its biggest country to “overweight” in the region. Preferred sectors are upstream energy, and financials/ consumer discretionary in China,
      440 words
    • Article
      Lock icon Stock picks the key as valuations look stretched
      296 8  -  By Teh Shi Ning tshining@sph.com.sg Singapore AFTER its euphoric rally last year, the local stock market enters 2010 no longer undervalued and with recovery priced in. Analysts say that now the “easy money” has been made on 2009’s sharp market rebound, stock-picking
      296 words
    • Article, Illustration
      Lock icon Analysts zoom in on top picks for 2010
      1196 9  -  Favourites range from small to large caps and across varied sectors like property, offshore marine and commodities stock takes By Teh Shi Ning tshining@sph.com.sg Singapore STOCKS like Keppel Corp, Keppel Land, UOL Group, Sembcorp Marine, SMRT, Noble and Parkway Holdings, share the
      BLOOMBERG  -  1,196 words
    • Article
      Lock icon China Hu An Cable eyes SGX listing
      336 10  -  Jiangsu company lodges preliminary prospectus with MAS By Winston Chai winstonc@sph.com.sg Singapore CHINA Hu An Cable Holdings is eyeing a mainboard debut after a subdued year for the initial public offering (IPO) market. The company, which makes integrated wires and cables, yesterday lodged
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    • Article, Illustration
      Lock icon Work starts on Tianjin eco-industrial park
      658 10  -  By Michelle Quah michquah@sph.com.sg Singapore KEPPEL Group’s joint venture that is managing the bilateral Si-no-Singapore Tianjin Eco-City has begun development on a 130-ha Eco-Industrial Park (EIP), located within the eco-city. The development will cost about four billion yuan (S$0.8 billion) to develop and can
      FILE PHOTO  -  658 words
    • Article, Illustration
      Lock icon STI ends the year just shy of 2,900
      867 11  -  stocks R Sivanithy sivan@sph.com.sg Senior correspondent THEpushonGenting Singapore that started earlier this week uedyesterday,providing one of the main features in 2009’s final trading session. The other was Oceanus’ listing in Taiwan, followed by last-minute window-dressing orprice-fixingassomemightpre-fer of various second liners. On the
      867 words
    • Business briefing
      • Article
        Lock icon BRC: No information on share spike
        93 11 BRC Asia said that it is unaware of any information that could have explained the trading activity in its shares on Wednesday. On Dec 30, the Singapore Exchange queried BRC on the substantial increase in the company’s share price. BRC shares shot up 17
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      • Article
        Lock icon VT iDirect buys Parallel for $9m
        118 11 SINGAPORE Technologies Engineering Ltd (STE) said that VT iDirect, Inc (iDirect) has bought all of Parallel Limited (Parallel) for about $9 million in cash. The 100 per cent stake was acquired from existing shareholders, who are management employees. The purchase price was based on
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      • Article
        Lock icon New appointment at Eu Yan Sang
        107 11 EU Yan Sang International Ltd said Robert James Eu Yee Sang will replace Jennifer Lee Gek Choo as its non-executive chairman of its board of directors with effect from Jan 1, 2010. Dr Lee has been appointed as the lead independent director and will
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      100 11 ANNOUNCEMENT On 1st January 2010, pursuant to Section 215D of the Companies Act (Cap 50), Island Pipeline Gases (IPG) and Jurong Island Industrial Gas (JIIG), both wholly owned subsidiaries of SOXAL, are amalgamated with SOXAL. Henceforth, SOXAL is the continuing amalgamated company. Resulting from this amalgamation, all assets, liabilities, property,
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      26 15 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • SINGAPORE
    • Article, Illustration
      Lock icon Shipping industry incurs historic losses
      1316 16  -  Situation still expected to be slow in 2010, with single-digit growth at best, reports Vincent Wee year in review Vincent Wee vincewee@sph.com.sg THE shipping industry has been to hell and back in 2009. And by most accounts it is still in purgatory as the world
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    • Article, Illustration
      Lock icon Shipyards work through order backlogs in 2009
      1086 17 Concern lies in the future as new orders slowed sharply, reports Vincent Wee year in review COMPAREDtotheship-ping industry, the year has held very different fortunes for the shipyards as they steadily went about executing contracts and ingontheirhugebacklog of orders. However, for them, the
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    • Article
      Lock icon S’pore on track to eco-friendly shipping
      174 17 SINGAPORE yesterday officially signalled its intention to adopt an international convention towards more environmental-ly-friendly shipping by depositing its Instrument of Accession to the International Convention on the Control of Harmful Anti-Foul-ing Systems on Ships 2001 (AFS Convention) with the International Maritime Organization (IMO). This
      174 words
    • Article
      Lock icon 2 directors reappointed to MAS
      109 17 THE Monetary Authority of Singapore has announced that Lim Chee Onn, senior adviser of Keppel Corporation, and Lucien Wong, managing partner of Allen Gledhill, have been reappointed to its board of directors for a further two years. Their re-ap-pointments take effect today. TheMAS’s boardis chaired
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    • Article
      Lock icon $106m in utility rebates for 800,000 HDB households
      248 18  -  By Keith Chee keithc@sph.com.sg ABOUT 800,000 HDB households will receive $106 million worth of utilities U-Save rebates in 2010. The first payout amounting to $60 million will be made in January, with a second payout to be made in July. According to
      248 words
    • Article
      Lock icon Asian firms’ outlook up, but not wages
      463 18  -  Businesses still pulling purse strings taut despite better prospects: Hewitt By Joyce Hooi joyceh@sph.com.sg BUSINESSES in the region believe prospects are looking up for 2010, but are pulling those purse strings taut. According to a Pulse survey in November by Hewitt Associates, 70
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      53 18 f \\?B J Qn 1 ounce iff to a 2010 Receive a free calendar* with any purchase of The Straits Times at all 7-Eleven stores. Valid on 1 Jan'10 only. THE •'»<»> Itl'll/fOOl IUIJMI ««»C» II JO0» sp STRAITS TIMES. *Free calendar only available at 7-Eleven stores. While stocks last.
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  • FOCUS: STI
    • Article, Illustration
      Lock icon A year spent anticipating Wall Street
      386 19  -  That was what STI and HK did; rebound in market and collapse of S-chips also defining events of 2009 R Sivanithy sivan@sph.com.sg Senior correspondent THEyearjustpastwouldprob-ablyberemembered bymost peoplefortwothings–therebound in the stock market engineered by the US Treasury and Federal Reserve, and the collapse of S-chips,
      386 words
    • Article, Illustration
      Lock icon Asian stocks set for 70% gain in 2009
      776 19 Reuters Hong Kong STOCKS in Asia rose yesterday, poised for a near 70 per cent gain on the past year, while the dollar hovered near 16-week highs as a jump in US consumer confidence reinforced views that the world’s largest economy was
      Reuters; BLOOMBERG  -  776 words
    • Article, Illustration
      Lock icon Getting back on track
      1294 20/21 The economy took centrestage last year, starting with Wall Street’s crash on Jan 20, which laid to rest any faint hopes ofan early recovery. Most would probably remember2009fortwo things the rebound inthe stock market engineered by the US Treasury and Federal Reserve, and the collapse of
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  • WORLD
    • Article
      Lock icon Americans hopeful of better year ahead
      973 22 Almost 75% in poll see 2009 as a bad year, rocked by job losses, home foreclosures, economic sickness AP Washington FOR all their differences, Americans largely agree on two things: 2009 was a lousy year for the US, and 2010 is likely to be
      AP  -  973 words
    • Article, Illustration
      Lock icon Dubai panel to protect creditors of 2 lenders
      622 22 Reuters Dubai DUBAI has set up a panel to protect the creditors of troubled mortgage lenders Amlak and Tamweel, whose long-planned merger is slated for early this year, in a bid to boost transparency. The Gulf emirate’s reputation took a big hit
      Reuters  -  622 words
    • Article, Illustration
      Lock icon AIG’s outgoing general counsel to reap US$3.8m
      619 23 Insurer concluded that she is owed this severance pay after hiring law firm to review her role in a pay dispute, sources say Bloomberg New York AMERICAN International Group Inc (AIG) general counsel Anastasia Kelly, who resigned after a dispute over government-imposed pay
      Bloomberg; AP  -  619 words
    • Article, Illustration
      Lock icon Economy, jobs to influence China’s exchange rate policy
      618 23 Reuters Bloomberg Beijing CHINA will move ahead with yuan reform at its own pace, keeping a close eye on economic growth and the job market, a unit of the central bank said yesterday. The comments, which came in a report by the
      Reuters; Bloomberg  -  618 words
    • Article
      Lock icon China snubs old world powers as clout grows
      797 24 Execution of British drug trafficker is latest example of foreign govts’ weak leverage on wide range of issues AFP Beijing SURGING economic and diplomatic clout has given China the confidence to ignore old world powers like Britain, which failed to halt its
      AFP  -  797 words
    • Article, Illustration
      Lock icon Slowdown will drag into new year, warns Merkel
      364 24 AFP Berlin GERMAN Chancellor Angela Merkel warned that the country’s worst post-war recession would drag into 2010, in a New Year’s television address scheduled for broadcast yesterday. “I tell you very openly: We cannot expect the economic downturn to be over quickly,”
      AFP  -  364 words
    • Article, Illustration
      Lock icon North Korea bans use of foreign currency
      521 25 Ruling comes after recent issue of new won banknotes as part of 100-to-one revaluation AFP Seoul NORTH Korea will ban the use of foreign currency from New Year’sDayin anothermove toreassert the communist regime’s control over the economy, South Korean officials and analysts said
      AFP; AP  -  521 words
    • Article, Illustration
      Lock icon Birthplace of George Orwell set for makeover
      460 25 AFP Patna, India AFTER being neglected and forgotten for decades, the birthplace of George Orwell, the author of An imal Farm and 1984, is finally set for a makeover. Orwell who used a pen name was born Eric Arthur Blair on June 25,
      AFP  -  460 words
    • Article
      Lock icon Fastest train halted – by a smoker
      140 25 Fastest train halted by a smoker AFP Beijing CHINA’S newly unveiled rail link, which it claims is the fastest in the world, came to a screeching halt this week when a passenger lit up in a train toilet. The cigarette smoke triggered a fire alarm on Tuesday on the train
      AFP  -  140 words
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  • AVIATION
    • Article, Illustration
      Lock icon US airlines scramble to soothe passenger ire
      969 26 With new security measures, they fear consumers’ perception of inconvenience of air travel may hurt industry looking ahead NYT New York FOR the struggling US airline industry, the new decade is starting out much like the old. Executives at carriers that survived the
      NYT; AFP  -  969 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      367 26 CRYPTIC CROSSWORD Across 1 Expert with conspicuous wealth is playing around (8) 9 Gradually pay off pounds to a miser (8) 10 Drug addict in ploy, first to last (4) 11 Retired with such energy? It could make you see red! (12) 13 Cad’s clue is dreadful it doesn’t get
      367 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Japan mulls hiving off JAL’s int’l operations
      336 27 Downsizing plan calls for ANA to take over flights AFP Tokyo THE Japanese government is discussing an option to strip debt-ridden Japan Airlines (JAL) of its international operations to enable it to survive as a domestic carrier, a newspaper reported yesterday. It calls
      AFP; AP  -  336 words
    • Article
      Lock icon Bunker firm rejects cash-poor buyers
      338 27 Reuters Copenhagen DANISH bunker fuel supplier United Shipping Trading Company (USTC) is turning away many more customers than a year ago for fear they will not pay their bills, USTC’s chief executive said on Wednesday. The global shipping industry has been hit hard by the
      Reuters  -  338 words
    • Article
      Lock icon Russia may restart making An-124s
      421 27 Bloomberg Moscow RUSSIA is likely to resume making the world’s largest mass-produced cargo plane after the Defence Ministry confirms its initial order for 20 jets, United Aircraft Corp chief executive officer Alexei Fyodorov said. President Dmitry Medvedev ordered the inclusion of 20 An-124 jets in
      Bloomberg  -  421 words
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      6836 28 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W GLOBAL SERVICE CONVENTIONAL BREAKBULK UK CONTINENT SERVICE U.S.A SERVICE Destination STXPO TBN RTM/ANR/TIL Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN
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  • Page 32 Advertisements
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      45 32 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES SHIPPING TIMES FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9i*****7 THE BUSINESS TIMES SHIPPING
      45 words
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  • Article
    Lock icon SGX
    8888 33 Transaction date: Dec 31 Transaction date: Dec 31 Transaction date: Dec 31 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 3 3148 8Telecom 17.5 +0.5 38 17.5 17 17 17.5 5
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  • Article
    Lock icon SGX CATALIST
    1833 36 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr
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  • Article
    Lock icon SECURITIES TRADING SCOREBOARD
    186 36 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 5 6 0 0 0 7 5 6 Manufacturing 63 35 70 4 8 12 67 43 82 Commerce 27 18 25 2 5 5 29 23 30 Tpt/Stor/Comms 16 11 14
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  • Article
    Lock icon SECURITIES TRADING TURNOVER
    121 36 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 19,702 19,702 87,506 87,506 Manufacturing 267,966 17,283 285,249 161,137 1,168 162,305 Commerce 144,086 11,411 155,497 125,615 1,312 126,927 Tpt/Stor/Comms 88,275 1,221 89,496 177,894 254 178,148 Finance 26,642 26,642 265,370 265,370 Construction 51,857 8,119 59,976 16,044
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  • Article
    Lock icon BT SHARE INFORMATION SERVICE
    836 36 For week beginning Dec 28 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Raffles Medical Grp 30-Dec-09 Loo Choon Yong Buy 1000 1.43 ***** 10.16 ***** 10.35 Enviro-Hub Hldgs Ltd
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  • Article, Illustration
    Lock icon STOCK MARKETS
    111 37 YTD change: +64.49% 52-week high: 2,897.62 on Dec 31,2009 52-week low: 1,455.47 on March 10,2009 (Chart shows Thursday’s index closing) Source: Bloomberg YTD change: +52.03% 52-week high: 23,099.50 on Nov 18,2009 52-week low: 11,344.50 on March 9,2009 (Chart shows Thursday’s index closing) Source: Bloomberg YTD change: +20.19% 52-week
    Source: Bloomberg  -  111 words
  • Article
    Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
    365 37 In local curr In S$ In US$ dy yr dy yr dy yr Dec 30 Index Change Change Change Change Change Change World Index Preliminary 834.6 -0.5 23.1 -0.6 23.9 -0.7 27.1 ‡EAFE Preliminary 783.7 -0.7 20.7 -1.0 24.0 -1.2 27.1 Europe Preliminary 1123.9 -0.7
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  • Article
    Lock icon INTERBANK CURRENCY RATES
    152 37 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2581 1.2598 0.8964 0.8968 Canadian dollar 1.3325 1.3341 0.9494 0.9497 Euro 2.0164 2.0186 1.4367 1.4369 NZ dollar 1.0192 1.0209 0.7262 0.7267 Sterling pound 2.2560 2.2584 1.6074 1.6076 US dollar
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  • Article
    Lock icon LIFFE Dec 30
    77 37 COCOA (£/tonne) Close Prev High/Low Mar 10 2226 2234 2242/2222 May 10 2245 2254 2264/2243 Jul 10 2226 2230 2238/2226 Sep 10 2191 2197 2201/2193 COFFEE (US$/tonne) Close Pev High/Low Jan 10 1277 1260 1284/1265 Mar 10 1318 1301 1325/1305 May 10 1348 1337 1358/1338 SUGAR (US
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  • Article
    Lock icon CHICAGO BOT Dec 30
    93 37 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jan 10 1036.*****8.*****3.*****6.75 Mar 10 1044.*****7.*****2.*****5.25 May 10 1049.*****2.*****8.*****0.25 Jul 10 1054.*****7.*****1.*****5.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Jan 10 39.49 39.43 39.51 39.11 Mar 10 39.92 39.85 39.95 39.54 May 10 40.31 40.23 40.33
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  • Article
    Lock icon PALM OIL Dec 30
    66 37 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 10 2525 2531 2542 2525 91 2544 Feb 10 2570 2573 2582 2556 1366 ***** Mar 10 2590 2595 2609 2582 4265 ***** Apr 10 2596 2601
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  • Article
    Lock icon OIL Dec 30
    75 37 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 77.80 0.97 WTI (Near Mth) 79.31 0.55 Dubai (1-Mth F) 77.61 0.55 Tapis blend 82.10 0.45 Minas 79.70 0.45 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 79.40 -0.35 Jet Kerosene 86.42 0.52 US$/barrel Opec Oil Basket Price
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  • Article
    Lock icon METALS Dec 31
    69 37 GOLD (US$/oz) Dec 30 Dec 31 Hong Kong 1091.*****3.50 Dec 30 Dec 29 London 1090.*****8.70 1091.*****9.70 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 23.94 23.71 Source: UOB PLATINUM Lon (US$/oz) Dec 30 Close Previous PM Fix 1461.*****2.00 AM Fix 1464.*****3.00 Source: Thomson Reuters PLATINUM NYMEX
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  • Article
    Lock icon LONDON METALS Dec 30
    71 37 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2208.75 2235.25 3 months 2242.00 2273.00 Copper, Grade A (US$/tonne) Cash 7295.75 7233.75 3 months 7330.00 7275.00 Lead (US$/tonne) Cash 2381.50 2418.75 3 months 2411.00 2449.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Classroom fable on clean tech
      1455 38/39  -  By Dennis Posadas In this story, a college professor and students hold a frank and lively discussion on climate change, the cost of developing alternative-energy sources and clean technology. By Dennis Posadas THE students of Oriental College were, just like on most college campuses, dressed
      AFP  -  1,455 words
    • Article
      Lock icon Crisis too short for any lesson to be learnt
      645 38/39  -  By Jay Ralph AS 2009 started, the world was in a state of shock and the financial markets were on the brink of a meltdown. Many were feeling the burden of debt and worrying over the safety of their bank savings
      645 words
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  • YEAR IN REVIEW
    • Article, Illustration
      Lock icon Feeling the economic chill
      1208 40 With last year’s recession, even the Lakers NBA’s most valuable franchise according to Forbes magazine is pinching pennies LAT-WP Los Angeles THIS year the Los Angeles Lakers e-mailed Christmas cards to save postage. The Lakers cut back on corporate gifts, created an instalment payment plan for
      LAT-WP; REUTERS  -  1,208 words
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      Lock icon Page 1 Advertisements Column 1
      41 1 Executive LifestyleTHEBUSINESSTIMES|JANUARY*****BTTHE BUSINESS TIMES JANUARY 1 2010 2010 OUT WITH THE OLD, IN WITH THE NEW We reflect on the past year and also take a look at what is in store in arts, culture and entertainment in the year ahead
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  • ARTS
    • Article, Illustration
      Lock icon Banner year for theatre
      1186 2 / 3  -  From individual artistes winning awards overseas to local arts groups producing international shows here, to our museums hosting world-class exhibitions, the local arts and culture scene took global strides last year. Cheah Ui-Hoon talks to the key players to find out how 2009 will impact the
      FILE PHOTOS  -  1,186 words
    • Article, Illustration
      Lock icon Renaissance city in the making
      674 2 / 3  -  By Cheah Ui-Hoon THE state of the arts and culture in Singapore wouldn’t be where it was today if not for the Renaissance City Plan laid out 10 years ago. If one looks at how the arts here took on its increasingly global outlook, you
      FILE PHOTO  -  674 words
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  • MUSIC
    • Article, Illustration
      Lock icon Special editions, vinyl albums here to stay
      662 4 / 5  -  2010 releases are gearing up nicely, and more special editions can be expected. By Christopher Lim By Christopher Lim limchris@sph.com,sg CD SALES may be dropping worldwide but more people are listening to music than ever, and this year has some exciting material in
      ROB SHERIDAN  -  662 words
    • Article, Illustration
      Lock icon Musical deals
      981 4 / 5  -  Expect tunes to be bundled with other products rather than sold on their own. By Christopher Lim limchris@sph.com.sg MANY people will probably buy music this year packaged together with products such as phones and computers rather than as discrete physical records. This will be a consequence of media
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  • HOME ENTERTAINMENT
    • Article, Illustration
      Lock icon Adrenaline rush
      860 6 / 7  -  Proven franchises will keep you busy in first half of 2010 but original ideas are lacking. gaming By Christopher Lim limchris@sph.com.sg A QUINTET of highly-antici-pated sequels is set to kick off the first half of the year, each of them substantial enough to woo gamers away from food,
      860 words
    • Article, Illustration
      Lock icon When to go Blu
      599 6 / 7  -  Blu-ray variety and the lack of download services make it a good time to start your high-definition disc collection. By Christopher Lim blu-ray By Christopher Lim limchris@sph.com.sg WHEN Blu-ray won the high-definition (HD) disc format war in 2008, some thought it might be a hollow victory
      599 words
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  • BOOKS
    • Article, Illustration
      Lock icon Journey to the East
      1454 8 / 9  -  The first half of 2010 looks like an exciting time for Asia-themed fiction, while heavyweights such as Carey, McEwan and Martel will also give us new works. By Clarissa Tan Set in Mumbai, Diary of an Unreasonable Man deals with the antics of an advertising executive
      1,454 words
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  • WINE/BEER
    • Article, Illustration
      Lock icon A toast to the lessons of 2009
      1258 10 / 11  -  Thirsty consumers were hardly deterred by the gloomy economy as they discovered a whole new world of affordable quality wines. By N K Yong By N K Yong IN the shadow of the financial disasters of the last quarter of 2008 one had
      AFP  -  1,258 words
    • Article, Illustration
      Lock icon Beer scene continues to fizz
      589 10 / 11  -  New flavours and the return of Beerfest Asia reflect a healthy thirst here. By Christopher Lim BEER may not be cheap in Singapore but drinkers here are willing to fork out their money for it, judging by the launch of new beers, new bars and
      589 words
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  • NIGHT OUT
    • AROUND TOWN
      • Article
        Lock icon The culture of carrier bags
        118 12 THANK goodness bio-degradable plastic bags are a new invention, otherwise we wouldn’t have been able to gain an insight into consumer and material culture through carrier bags from the 1950s to the 1980s. In this fun and also revealing exhibition at the Balcony of the
        118 words
      • Article
        Lock icon A new year, a new move
        172 12 IF your New Year resolution is to break out of your comfort zone and try something new, and if you’re a female above 18 years old, with a propensity for performance, then check out this open call to join Mem Morrison’s Ringside at the
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      • Article, Illustration
        Lock icon Moments of still motion
        131 12 THE photographer can capture more movement and freeze the frames so that the human eye can finally admire form instead of a flurry of movement. The leap captured at the “peak”; expressions and emotions in specific movements; and dance in different contexts all help bring about
        131 words
    • Article, Illustration
      Lock icon Fun-filled nights
      860 12  -  The nightlife scene in Singapore is revving up for bigger and better things throughout 2010. By Melissa Lwee mellwee@sph.com.sg IF you’re still reeling from the aftermath of last night’s revelry, you may well be swearing never to party again. But going by how the nightlife scene is revving
      860 words