The Business Times, 4 January 2010

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Total Pages: 26
1 26 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sfil A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Monday, January 4,2010
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  • 841 1  -  Loss in market cap mainly due to delistings from sale of TLCs, departures by S-chips; trend seen continuing this year By JAMIE LEE [SINGAPORE] It’s so long, farewell, to $8.29 billion from the Singapore market last year as 17 listed firms called it a day
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  • 341 1  -  The independent directors will keep shareholders updated By OH BOON PING [SINGAPORE] Troubled Si-no-Environment said that its executive directors (EDs) have resigned, without providing details on whether there will be new management soon. In stock exchange filings, Sino-Environment said Sun Jiangrong, You Shengquan and Li
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  • 157 1 MARKETS Weekly Change ST Index 2,897.62 +59.92 KL COMP 1,272.78 +8.84 NIKKEI 225 10,546.44 +51.73 HANG SENG 21,872.50 +355.50 SET INDEX 734.54 +4.13 JAKARTA COMP 2,534.36 +59.48 MANILA COMP 3,052.68 +28.35 SEOUL COMP 1,682.77 +0.43 SHENZHEN B 625.95 +18.70 MUMBAI IND 17,464.81 +104.20 DOW 10,428.05 -92.05 NASDAQ 2,269.15
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  • TOP STORIES
    • 958 2  -  Many going into business for themselves, forced by thinner commission rates, increase in direct trading By JOYCE HOOI [SINGAPORE] Remisiers, like foot soldiers, may get plenty of bounty. But they get little respect. Now, in the era of the three-star generals like the investment banker
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    • 457 2 Delistings lop off over $8b from market IT WAS farewell to some $8.29 billion from the Singapore stock market last year as 17 listed firms called it a day and went private. Unfortunately, this was not offset by the 23 initial public offers in 2009 which raised $2.84
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    • 1877 2 His offer in 2007 to return from retirement to help bank was rejected NYT [NEW YORK] “This is my final annual meeting as chairman,” says Sandy Weill, standing near the window of his office, peering at a grainy photograph of him and his wife
      NYT; BLOOMBERG  -  1,877 words
    • 25 2 Branchen Stars R1C-A 24/12/09 123,19 EUR CROC I Asia Pacific I1C-A 18/12/09 99,44 USD db X-MACRO Trading Index Fund I4D 22/12/09 98,35 GBP
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    • 11 2 FX Select Guaranteed Fund R1D 23/12/09 100,82 USD
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    • 29 2 Balanced Currency Harvest Euro 11C 18/12/09 100,47 EUR Booster Capital Guaranteed Fund SGD R1D 17/12/09 10,54 SGD Double Joy Capital Guaranteed Fund R1D 17/12/09 9,90 USD
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    • 325 4  -  This will equip the workforce with skill sets and technical know-how By OH BOON PING [SINGAPORE] Though Singapore is unlikely to see a repeat of the rapid growth seen during the pre-crisis years, the government will make the necessary investments to
      325 words
    • 402 4  -  It was scheduled to award the main EPC contract by end-‘09 By RONNIE LIM [SINGAPORE] Singapore LNG Corporation (SLNG) has missed an end-2009 deadline to appoint an engineering, procurement and construction or EPC contractor to build the earli-er-delayed $1-1.5 billion LNG terminal on Jurong
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    • 637 4  -  WALL STREET INSIGHT By ANDREW MARKS in New York US EQUITY markets have been drifting upwards on low volume for several weeks as investors shift their attention from last year’s spectacular stock market gains to figuring out how to position themselves for a new
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    • 263 4 [SINGAPORE] Water treatment firm Hyflux Ltd is facing legal action from Dubai investment group Istithmar World PJSC (IWP) over a warrant subscription agreement. In an announcement last night, Hyflux disclosed that the company was served with an originating summons by IWP, an investment holding
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  • Page 3 Advertisements
    • 83 3 J X i g jtv i V /fl J zm #slfeii iii j t*i M K V\\ M TOPAZ DRILLER Allafi'iHWiA SHIPYi Congratulates Vantage Drilling Company For the successful delivery of TOPAZ. DRILLER Project P2021 The 4th unit of the PPL Pacific Class 375 Jack Up Drilling Rig in their
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  • Page 4 Advertisements
    • 78 4 From 1 st January 2010, M+W Zander will have a new name and logo: M+W Zander will be known as M+W Group M W GROUP We have changed our nam§, but we will continue to be the competent and reliable partner thaf our customers have always trust us to be.
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  • Page 5 Advertisements
    • 265 5 fo SMBIM 1 Supreme Voyager Pte Ltd, a joint venture between Hoe Leong Corporation Ltd and Supreme Oilfield Services Pte Ltd, is pleased to announce that it has taken delivery of its offshore support vessel: SUPREME VOYAGER SUPREME VOYAGER will be employed in an offshore drilling project, for a period
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  • SINGAPORE MARKETS
    • 694 6  -  STOCKS R SIVANITHY Senior Correspondent HERE’S a thought. What’s the difference if any between window-dressing and price-fixing? Not a lot, when you come to think of it, although one has negative connotations because it equates to the creation of a false market and the other
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    • 468 6  -  COMMODITIES By WONG ENG SOON The writer is an investment analyst “A PACIFIC storm will bring snow inland late tonight This storm will start out colder and will stick to all roads (National Winter Service, winter weather advisory for Dec 29)
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    • 583 6 CURRENCIES AFP [HONG KONG] Asian currencies were mixed against the US dollar last week in thin year-end trade. Japanese yen: The yen dropped against the US dollar in the past week amid growing hopes for sustained recovery in the United States, while Japanese assets looked
      AFP  -  583 words
    • 57 6 VOLUME Genting SP 459,139,000 Oceanus 395,748,000 MAP Tech 310,588,000 Golden Agri 157,957,000 Teledata 96,327,000 HockLianSeng 88,079,000 Z-Obee Hldgs 87,613,000 Ying Li 75,292,000 SwingMedia 70,043,000 Ban Joo 69,620,000 VALUE($) Genting SP 576,489,580 Oceanus 171,396,515 DBS Grp 170,425,153 UOB 140,685,720 SingTel 140,453,950 CapitaLand 128,173,680 Keppel Corp 124,948,000 OCBC Bk
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    • 111 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 761.5 5.0 DBXT FTVietnam 10US$ 4470 212.2 3.5 Jardine C&C 2700 110.0 4.2 Lyxor MS India 10US$ 1517 106.8 5.3 DBXT MSEurope 10US$ 4361 101.2 1.7 OCC 3.93% NCPS10 8380 78.0 0.9 DBXT MSKorea 10US$ 4624 63.2 1.0 SIA.ES.0912 1490 60.0
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    • 1362 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Company name Allgreen Properties 1.91 1.91 11 7.91 15.56 1.35 1.23 ARA Asset Mgt 2.00 2.00 2 8.05 10.81 1.07 0.87 Armstrong Industrial 1.00 1.00 2 2.60
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    • 66 6 Dec 31 VALUE CLOSE BT OB/OS 614.00 +71.00 BT CADI -*****.00 +49.00 BT 10-day MA -*****.00 +61.00 FTSE ST Mid Cap 699.44 +4.19 FTSE ST Small Cap 548.21 +1.39 FTSE ST All Share 715.02 +4.27 FTSE ST China Top 283.24 +0.31 FTSE ST China 304.09 +3.95 FTSE
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    • 4 6 WEEKLY
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    • 121 6 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 5355 -36.5 -0.5 JSH 1760 -22.5 -0.9 DBS Bk 6% NCPS 10 ***** -20.0 -0.2 DelongH 72.5 -17.5 -19.4 CityDev DBeCW*****2 40.5 -8.0 -16.5 OUE 910 -8.0 -0.9 Petra 103 -7.0 -6.4 SGX DB ePW*****1 19 -7.0 -26.9 STI 2850SGAePW*****8 10
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    • 87 6 Where S$ stands Dec 31 CHNG YR 2009 CLOSE FR Dec 30 S$ LOW S$ HIGH US$ 1.4021 0.13 1.5579 1.3800 Euro 2.0197 -0.28 2.0952 1.9150 Pounds 2.2621 -1.50 2.4366 2.0356 A$ 1.2609 -0.62 1.2942 0.9453 Yen* 1.5202 1.32 1.7278 1.4831 Rupiah* 0.***** -0.14 0.***** 0.***** Baht* 4.2055 0.11
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    • 176 8 DEC 31 ‘09 BID PRICE VALUE WEEK-ON-WEEK CHANGE United Fiber System 0.045 12.5 4,050 Fuxing China 0.145 11.5 7,540 Anwell Tech 0.700 10.2 11,620 Sunningdale Tech 0.125 8.7 6,250 Orchard Parade 1.150 8.5 9,200 Rickmers Maritime 0.370 7.2 3,700 China Sky 0.185 5.7 3,145 Guocoleisure 0.695 5.3
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    • 450 8  -  TEH HOOI LING Senior Correspondent AS PER tradition, December again proved to be a good month for stocks. All six of our portfolios posted healthy gains in the last four trading sessions of 2009. The average advance was 3.8 per cent. The
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    • 160 8 sentiment DEC 31 ‘09 BID PRICE VALUE WEEK-ON-WEEK CHANGE China Milk 0.335 11.7 3,350 China Taisan 0.195 11.4 7,800 Chemoil Energy 0.548 7.9 15,892 China XLX 0.615 7.0 10,455 People's Food 0.625 5.0 6,875 Goodpack 1.130 4.6 4,520 Macquarie Int'l Infrastr 0.455 4.6 6,370 China Energy
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    • 180 8 DEC 31 ‘09 BID PRICE VALUE WEEK-ON-WEEK CHANGE CWT 0.845 15.0 10,140 Jaya Holdings 0.600 10.1 3,600 Poh Tiong Choon Logistic 0.385 5.5 11,165 Hotung Investment 0.155 4.7 11,005 MFS Technology Ltd 0.235 4.4 6,345 Singapore Shipping Corp 0.275 3.8 5,775 Silverlake Axis 0.305 3.4 10,065 K1
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    • 1296 8  -  The top buyer in terms of value were directors of United Industrial Corp Ltd INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider IT was an exceptional year for directors and listed firms that bought shares in
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    • 177 8 DEC 31 ‘09 BID PRICE VALUE WEEK-ON-WEEK CHANGE ASL Marine 0.950 6.1 8,550 Li Heng 0.265 6.0 5,300 China Sky Chemical 0.185 5.7 3,145 CSE Global 0.860 5.5 6,020 Mercator Lines 0.305 5.2 11,590 China Kangda Food 0.210 5.0 5,460 Goodpack 1.130 4.6 5,650 Biosensors 0.790 3.9
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    • 175 8 DEC 31 ‘09 BID PRICE WEEK-ON-WEEK CHANGE VALUE Lereno Bio-Chem 0.015 50.0 3,750 Sunshine 0.065 44.4 13,000 Jade Tech 0.020 33.3 2,500 JEL 0.040 33.3 10,000 Burwill 0.080 23.1 5,280 Annica 0.075 15.4 12,450 Reyphon Agriceutical 0.055 10.0 11,000 Cosco 1.190 9.2 7,140 Dayen 0.060 9.1 7,500
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    • 171 8 DEC 31 ‘09 BID PRICE VALUE WEEK-ON-WEEK CHANGE CWT 0.845 15.0 11,830 China Milk 0.335 11.7 3,350 China Taisan 0.195 11.4 7,800 Straits Asia Resources 2.600 8.8 13,000 JES International 0.165 6.5 8,580 CSC Holdings 0.170 6.3 8,840 Swiber 1.020 6.3 10,200 ASL Marine 0.950 6.1 8,550
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  • COMPANY NEWS
    • 753 7  -  HOCK LOCK SIEW By LYNETTE KHOO SINO-Environment shareholders, who have been treated to a roller-coaster ride with the dramatic unfolding of events last year, are now greeted with the sudden resignations of its executive directors and an unsettling probe conclusion by the Fuzhou Public
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    • 236 7 THE Singapore-flagged chemical tanker reported hijacked last Friday in the Gulf of Aden is part of the fleet of listed group PT Berlian Laju Tanker Tbk. The company made the announcement yesterday in a filing to the Singapore Exchange. The chartered vessel, MT Pramoni
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    • 402 7 Dec 31 BANKS ABN Amro Bank NV 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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    • 234 9 COMPANY MEETING PLACE DATE TIME HG Metal E Hotel Re! Re!Union (2nd Floor Function Rm) 175A Chin Swee Rd Singapore *****9 05-Jan 3.00pm Lexicon Grp E 371 Beach Road #03-18 Keypoint Singapore *****7 07-Jan 10.30am Iconic Hldgs E Temasek Club, Multi-purpose Room No. 1 Portsdown Road Singapore *****5
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    • 376 9  -  Matsumura has filed application to S’pore High Court for stay of execution By OH BOON PING TRANSCU Group’s chief executive had a part of his stake in the company seized under a lawsuit between him and a third party. In a statement
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    • 279 9 CLOSING PRICES* (EXCLUDING ACCRUED INTEREST) GROSS REDEMPTION YIELD p.a.) NUMBER OF DAYS OF ACCRUED INTEREST INTEREST PAYMENT DATES AMOUNT ($m) COUPON RATE p.a.) YEAR RAISED ISIN CODE MATURITY DATE 01.04.2010 N*****0F 2005 2 5/8 3900.00 1/4 1/10 91 100.48 0.70 SG**********
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    • 261 9 Payment Ex Books Pay (cts) date close date Asia Pac Brew ak 18.000 26-Jan 28-Jan 10-Feb Australand Prop ah 2.000 29-Dec 31-Dec 08-Feb Cerebos Pac af 19.000 04-Feb 08-Feb 23-Feb Cerebos Pac an 6.000 04-Feb 08-Feb 23-Feb Eastern Hldgs aw 0.400 05-Jan 07-Jan 18-Jan Ezra Hldgs ak 1.500
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  • Page 7 Advertisements
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  • Page 9 Advertisements
    • 124 9 Accounting Accounting backlogs Messy Accounts Migration of accounting systems Reconciliation problems in P&L, fixed assets, stocks 285S* CoflVP The Accounting SWAT team offers expert help and fast turnaround to accounting problems, including any of the above. Call 6-222 6868 now AccountServe for the Accounting Specialists www.AccountServe.com.sg MASERATI EXCELLENCE THROUGH PASSION
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  • SINGAPORE NEWS
    • 1114 10  -  Industry observers see investments in production facilities slowing LOOKING AHEAD By CHEN HUIFEN THE biomedical sciences (BMS) industry is tipped to see more focus on research tie-up and medical technology in 2010, while investments in drug production eases. Industry observers say investments
      STOCK XCHNG  -  1,114 words
  • Page 10 Advertisements
    • 209 10 A member of si® Academy The Nottingham MBA The new language of business www.psb-academy.edu.sg It's about keeping pace with a tumultuous business world. Equip yourself with updated knowledge and a prestigious MBA to move ahead in your career. PSB Academy and The University of Nottingham believe in bringing relevant learning
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    • 516 10 ©2010 Ernst Young Solutions LLP. All Rights Reserved. Employee remuneration reporting seminar and workshop 2010 Be prepared. Take charge. Get ready Thursday, 14 January 2010 8:30 a.m. 5:00 p.m. Venue Raffles City Convention Centre (City Hall MRT Station) 2 Stamford Road Singapore *****2 Level 4, Stamford Room Course This is
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 844 11  -  The Gulf Cooperation Council offers an array of opportunities despite Dubai’s debt crisis, report OLIVER LOKE and KENNY TAN OLIVER LOKE ,KENNY TAN Oliver Loke is a second-year business management student. Kenny Tan is a final-year economics student INSTEAD of being deterred by the
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    • 822 11  -  Two Ngee Ann Polytechnic students manage to run a campus cafe while studying. CAMPUS LIFE By JERMAINE NG ASK Samantha Quek and Ernest Tan to describe themselves, and they will probably tell you all about their love of coffee. The final-year Business Studies students at
      YEN MENG JIIN  -  822 words
  • Page 11 Advertisements
    • 249 11 Be smart with your finances 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
      249 words

  • VIEWS FROM THE TOP
    • 4091 12 THIS WEEK’S TOPIC What do you wish for your organisation in 2010, and what New Year resolutions are you making to achieve this? More generally, what are your hopes and expectations for Singapore and the world this year? Terry O’Connor CEO Courts President British Chamber
      AP; FILE PHOTO  -  4,091 words

  • Page 13 Advertisements
    • 401 13 For Spreading the Power of Training with Sigma Solutions To all our clients A BIG THANK YOU for your support which has taken us to new levels as a leading service provider for competency-based training. ABR Holdings Ltd Adam Khoo Learning Technologies Group Pte Ltd Alexandra Hospital Ananda Bhavan Restaurant
      401 words

  • MALAYSIA
    • 582 14  -  Outcry over High Court decision to allow Catholics to use ‘Allah’ in publication MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent A FURORE has unsurprisingly broken out over a High Court decision to allow Malaysia’s Catholics to use the word “Allah” in a weekly publication.
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    • 440 14 He urges M’sian exporters to fully utilise development Bernama [KUALA LUMPUR] This year marks a significant milestone for many with the implementation of several free trade agreements (FTAs) and it gives an opportunity for Malaysian exporters to take full advantage of the development,
      Bernama  -  440 words
    • 549 14 MBT [KUALA LUMPUR] EON Bank Bhd, Malaysia’s third smallest banking group, says that loans may grow 14 per cent this year, higher than last year’s 6.2 per cent, amid economic recovery. Deposits are expected to grow 20 per cent this year, compared with last
      MBT; BLOOMBERG  -  549 words
    • 2096 14 VOL Dec 31 RM +/-(‘000) A M Realty 0.60 unch 1939 Abric Bhd 0.22 0.02 111 Advance Synergy 0.15 0.01 427 Adventa Bhd 3.17 0.02 1394 Ae Multi Hldgs 0.42 -0.02 2089 Affin Holdings 2.52 0.01 823 Ahmad Zaki Resou 0.89 unch 126 Aic Corp 0.48 0.05 52
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  • Page 14 Advertisements

  • ECONOMY WATCH
    • 667 15 Soaring budget deficits, low growth and banking sector support to blame AFP [FRANKFURT] The eurozone’s new year heralds a debt crisis that has alarm bells ringing and markets tracking government plans to tame the growing shortfall. Officials have borrowed heavily to pull the 16nation
      AFP  -  667 words
    • 340 15 Bloomberg [WASHINGTON] Joseph Stiglitz, the Nobel Prize-winning economist and Columbia University professor, said economists are among those at fault for the financial crisis, which exposed “major flaws” in prevailing ideas. The now-flawed premises include the ideas that economic participants behave rationally and
      Bloomberg  -  340 words
    • 770 15 Reuters [WASHINGTON] A historic economic crisis has left Americans with plenty of things to worry about. But is inflation one of them? And is there a risk that fretting over higher prices may actually bring them about? The answers to these questions will help
      Reuters  -  770 words
  • Page 15 Advertisements
    • 588 15 HATS NOTICES LOST SHARE CERTIFICATES The following share certificates have been reported lost, destroyed or mislaid:NOTICE IS HEREBY GIVEN that if within fourteen (14) days from the date hereof no claims or representations in respect of the above-mentioned certificates are made to the Registrars, replacement certificates will be issued and
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    • 1855 15 :»AT-=i NOTICES BUY IT• SELL IT• FIND IT FRASER AND NEAVE, LIMITED (Company Registration No. *****0001R) (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING Date Thursday 28 January 2010 Place: Level 2, Alexandra Point, 438 Alexandra Road, Singapore *****8 NOTICE IS HEREBY GIVEN that the 111th Annual General Meeting of
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  • GREATER CHINA/INDIA
    • 658 16 Major manufacturers will display compact, cheap models aimed at Indian market AFP [NEW DELHI] Small will be big at an Indian car show when the world’s leading manufacturers unveil a slew of compact cars designed for one of the world’s fastest
      AFP; AFP FILE PHOTO  -  658 words
    • 892 16 China will face more pressure to accede to miners’ demands for higher prices Reuters [SINGAPORE] India’s 5 per cent iron ore export tax increase may further tempt Chinese buyers back into a loveless annual relationship with the big three miners,
      Reuters  -  892 words
    • 752 16 Graft and weak policing to blame, analysts say AFP [BEIJING] While China has talked up its recent progress in stamping out copyright piracy, the market for fake iPhones and bootleg DVDs still flourishes, and its trading partners say it could do better. Late last
      AFP  -  752 words
    • 377 16 AFP [BEIJING] One of China’s former top judges will be tried for taking up to four million yuan (S$0.8 million) in bribes, in one of the nation’s most high-profile graft cases, the state press said yesterday. Huang Songyou, former deputy head
      AFP  -  377 words

  • ASIA-PACIFIC/WORLD
    • 784 17  -  Airline’s president opposes bankruptcy proceeding and rejects plan to hand over most of int’l ops to ANA By ANTHONY ROWLEY JAPAN Airlines (JAL) was thrown a further temporary lifeline yesterday when the state-owned Development Bank of Japan agreed to double to 200
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    • 677 17 Reuters [KAILUA, Hawaii] Job creation will take a back seat to counterterrorism on US President Barack Obama’s agenda next week after an Al-Qaeda-linked man’s failed attempt to bomb a US-bound plane forced the White House to shift its focus. Mr Obama returns to Washington from
      Reuters  -  677 words
    • 799 17 Named ‘Arrowhead’, its aim is to fight off global, native rivals Reuters [TOKYO] Tokyo’s stock exchange, long derided as one of the world’s slowest major bourses, is launching a new platform today to give it a much-needed shot of speed and to fight off
      Reuters; REUTERS  -  799 words
    • 709 17 But firms complain of work permit difficulties, locals want bigger share of jobs Reuters [GEORGE TOWN, Cayman Islands] The Cayman Islands are promising immigration incentives to keep foreign firms from quitting the Caribbean hedge fund hub, but locals want a bigger share of
      Reuters  -  709 words
    • 149 17 AFP [TOKYO] Japan’s top beer maker Asahi Breweries will tie up with Danish brewery Carlsberg this month to market its best-selling product Asahi Super Dry in Hong Kong, a press report said yesterday. The move is the first step of an
      AFP  -  149 words

  • WORLD
    • 621 18 Businesses are scared they will be hurt by changes to the green measure AFP [PARIS] The French government’s first job for 2010 is to revise its planned carbon emissions tax, raising fears among businesses that they will be hurt by changes to the environmental
      AFP  -  621 words
    • 217 18 Reuters [MILAN] Italian confectioner Ferrero has met with private equity firms as well as Hershey Co to discuss a possible bid for Britain’s Cadbury Plc, the Il Sole 24 Ore daily reported on Saturday. The coming weeks will determine whether the fam-ily-held
      Reuters  -  217 words
    • 357 18 [REYKJAVIK] Nearly a quarter of Icelandic voters have signed a petition asking their president to veto a bill on repaying US$5 billion lost by British and Dutch savers when the island’s banks collapsed, organisers said on Saturday. The petition also called on President
      REUTERS  -  357 words
    • 777 18 Move lets it benefit as financial stocks rise in value LAT-WP [WASHINGTON] The share prices of some companies that bought failed banks from the Federal Deposit Insurance Corp (FDIC) in recent months have climbed rapidly, suggesting that investors think that the
      LAT-WP  -  777 words
    • 808 18 Property and loan losses, stricter rules to affect profitability NYT [NEW YORK] After staging one of the most remarkable comebacks in business history because of taxpayer lifelines and other support from Washington the giants of the banking industry are entering a new phase of the
      NYT  -  808 words

  • AVIATION/SHIPPING
    • 722 19 Slumping economy, trade, lead to fall in investment requirements Bloomberg [NEW DELHI] India’s government may miss a target to add capacity at its 12 major ports as the economy grew less than anticipated and global trade slumped amid a recession, the shipping secretary said.
      Bloomberg  -  722 words
    • 423 19 It will help to ease congestion and lure back diverted trade Reuters [JEDDAH] A new US$530 million terminal in Saudi Arabia’s main shipping hub will ease congestion and help lure back trade which had gone to other ports in the past few years, a
      Reuters  -  423 words
    • 3034 19 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ456 1245 EY473 1940 Adelaide LH9771 1740 LH9770 2350 SQ268 1740 SQ269 2350 VS7268 1740 VS7269 2350 Amsterdam LO4031 0610 LO4032 2350 SQ323 0610 SQ324 2350 US5410 0610 US5411 2350 AZ3992 1615 KL835 1615 Athens SQ348 0105 Auckland LH9761
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    • 253 19 Reuters [BEIJING] Heavy snow hit Beijing yesterday, stranding thousands of passengers at the Chinese capital’s main airport and casting an unusual quiet over normally busy streets as people stayed out of the freezing weather. More than 80 per cent of flights at Beijing’s
      Reuters; REUTERS  -  253 words
  • Page 19 Advertisements
    • 227 19 ASIA WEST AFRICA TRADE AGREEMENT (AWATA) NOTICE OF LINER OUT CHARGE IMPLEMENTATION Member Lines of AWATA have been including the discharge costs and related costs in the Base Freight for shipments into West Africa so far and have thus been offering Liner terms to our customers/freight payers without reflecting the
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  • Page 19 Miscellaneous
    • 326 19 CRYPTIC CROSSWORD Across 1 Revolutionary workers with poster by tree appear striking (3,1,4) 5 Boost man reportedly (6) 8 A vacant look shown by boxer? It’s not acid (6) 9 College owns site for developing discipline (8) 10 Spot at Scottish island removing a feature that’s obsessive? (8) 11 Holding
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  • SINGAPORE STOCKS
    • 9239 20 Week ended: Dec 31 52-wks Tel Last Vol Week 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 4639 18 17 17 17.5 5 0.6 31.8 83.8 9.5 2.5 5834 A-Sonic
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    • 1827 21 52-wks Tel Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 6 1181 s AA Grp 7 6 8.5 6.7 25 12 8538 t APStrategic 17 15 17 100.3 4 0.5 1501
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    • 116 21 Stock name Close Change Stock name Close Change Stock name Close Change CapitaLand 4.200 CapitaMall 1.800 +0.040 CityDev 11.560 +0.100 ComfortDelGro 1.640 +0.010 Cosco Corp 1.190 +0.010 DBS Grp 15.400 +0.100 F&N 4.200 -0.020 Genting SP 1.300 +0.040 Golden Agri 0.510 +0.005 HK Land 4.950 +0.140
      116 words
    • 2705 21 Transaction date: Dec 31 For a full listing of the closing prices, log on to BT online at http://business-times.asia1.com.sg after 11.30pm every trading day HONG KONG Vol HK$ +/-'000 Aeon Credit 6.80 unch 1 Aeon Stores 12.80 unch 6 Angang Steel 17.12 0.22 2353 Anhui Conch 49.90 0.95
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    • 186 21 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 17 1 0 0 0 0 17 1 0 Manufacturing 144 33 48 10 7 14 154 40 62 Commerce 53 10 19 10 4 4 63 14 23 Tpt/Stor/Comms 32 4 8
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    • 447 21 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 111 107 6389 ABF SG Bond ETF 109 109.5 110 497.6 819 427 CIMBAsean40 100US$ US811 825 829 32.4 291 149 DBS STI ETF
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    • 264 21 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 20 6000 AVJennings A47 -1 4 47 47 48.5 52 3.6 7.4 3.8 122.4 31 6 6017 Genting HK US$ US26 +2 *****
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    • 123 21 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 100,657 100,657 210,714 210,714 Manufacturing 1,422,091 124,220 1,546,311 652,327 6,680 659,007 Commerce 770,142 66,191 836,333 470,431 12,241 482,672 Tpt/Stor/Comms 396,593 39,489 436,082 553,036 8,067 561,103 Finance 101,201 10 101,211 570,719 1 570,720 Construction 274,663 21,439
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  • Page 21 Advertisements
    • 26 21 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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  • FINANCE & COMMODITIES
    • 365 22 In local curr In S$ In US$ dy yr dy yr dy yr Dec 31 Index Change Change Change Change Change Change World Index Preliminary 835.0 -0.1 23.2 0.0 24.1 0.1 27.4 EAFE Preliminary 784.9 0.2 20.9 0.4 24.5 0.5 27.8 Europe Preliminary 1124.9 0.1
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    • 180 22 Dec 31 $S Offer Bid Overnight 5/8 1/2 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 0.07 US$ Offer Bid 7 days 0.23 0.18 1 month 0.28 0.23 2 months 0.35 0.25 3 months 0.37 0.27 6 months 0.55 0.45 9 months 0.90 0.70 12
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    • 26 22 Dec 31 S$ Bid Offer 1-month 1.4039 1.4052 2-months 1.4043 1.4057 3-months 1.4046 1.4060 6-months 1.4053 1.4068 Source: OCBC Source: OCBC
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    • 190 22 Dec 30 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jan 10 288.5 288.5 288.5 8 672 Feb 10 288.0 288.0 288.0 70 839 Mar 10 290.0 614 Apr 10 292.0 510 May 10 290.0 290.0 292.0 3 730
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    • 84 22 Dec 31 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 01.04.2010 0.55 0.48 0.48 1-Year BY*****N 01.11.2010 0.55 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****H 3.625 01.07.2011 104.52 5-Year N*****0N 1.375 01.10.2014 100.42 100.5 100.38
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    • 105 22 Dec 31 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 10 1039.75 1036.25 1052.25 1032.75 Mar 10 1048.50 1044.50 1061.50 1041.25 May 10 1053.75 1049.50 1066.50 1047.00 Jul 10 1059.25 1054.75 1072.25 1052.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jan 10 40.35 39.49 40.54
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    • 77 22 CRUDE OIL PRODUCTS Dec 31 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 77.80 unch WTI (Near Mth) 79.31 unch Dubai (1-Mth F) 77.61 unch Tapis blend 82.10 unch Minas 79.70 unch PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 80.95 1.55 Jet Kerosene 87.10 0.68 US$/barrel Opec Oil
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    • 2507 22 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3 unch 225 1 15 6 5.67 53 2036 Advance SCT Ltd W*****9 0.5 1 87 1650 10.00 8 8756 Asiatic Grp (H) Ltd W*****2 9
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    • 132 22 Dec 31 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2480 1.2840 Can dollar 1.3240 1.3400 Euro 2.0040 2.0260 NZ dollar 1.0080 1.0300 Sterling pound 2.2470 2.2710 US dollar 1.3970 1.4130 Local dollars to 100 units of foreign
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    • 27 22 Dec 31 Open High Sett STI Jan 2904 SIMSCI Jan 347.0 350.0 349.5 Taiwan Jan 292.2 296.0 295.6 Source: MF Global (S) Pte. Ltd
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    • 7079 23 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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    • 66 22 Dec 31 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 10 2515 2578 2603 2515 150 2413 Feb 10 2576 2620 2646 2576 2501 ***** Mar 10 2601 2663 2666 2600 7416 ***** Apr 10 2601 2660
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    • 324 22 Dec 31 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar10 99.6500 0 ***** Jun10 99.3350 0 6958 Sep10 98.9400 0 3086 Dec10 98.5300 0 3999 EUROYEN TIBOR FUTURES Mar10 99.6250 101 3873 Jun10 99.6600 100 1729 Sep10 99.6800 75 1666 Dec10 99.6700 0 1281 Mar11 99.5850
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    • 465 22 Dec 31 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.944 6.120 0.624 6.953 41.822 84.258 0.829 10.455 3.070 1.234 75.494 41.383 1.259 6.635 0.928 28.821 29.879 0.558 0.897 Canada 1.059 6.482
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    • 85 22 Dec 31 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 154 22 Dec 31 Against S$ 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
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    • 139 22 Dec 31 GOLD (US$/oz) Dec 30 Dec 31 Hong Kong 1091.80 1103.50 Dec 30 Dec 31 London 1090.40 1097.00 1091.20 1098.00 Source: Thomson Reuters CAST BAR Dec 31 (S$) Selling Buying Kilobar "53,266.74" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 119.84 50 5gm 339.19 248 10gm 605.62
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    • 69 22 Dec 31 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2197.00 2208.75 3 months 2230.00 2242.00 Copper, Grade A (US$/tonne) Cash 7342.00 7295.75 3 months 7375.00 7330.00 Lead (US$/tonne) Cash 2402.00 2381.50 3 months 2432.00 2411.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • 77 22 Dec 31 COCOA (£/tonne) Close Prev High/Low Mar 10 2250 2226 2250/2210 May 10 2271 2245 2271/2230 Jul 10 2246 2226 2251/2210 Sep 10 2200 2191 2204/2175 COFFEE (US$/tonne) Close Pev High/Low Jan 10 1294 1277 1299/1277 Mar 10 1332 1318 1339/1320 May 10 1361 1348 1368/1354 SUGAR (US
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  • Page 24 Advertisements
    • 31 24 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES SHIPPING TIMES THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES
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  • Page 25 Advertisements
    • 22 25 ft-*-®#. Lianhe Zaobao Shake-up in 2009 saw a new leader by market cap forS-chip companies 2009£3*Kft# For Subscription, call 6388 3838 www.sphsubscription.com.sg
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  • Biz IT
    • 630 25  -  <cool stuff> At 655g, it takes the cake in the ultra-portable notebook category By WINSTON CHAI WHILEmostnote-bookmakershavegonedownmarketwithcheap,stripped-downnetbook offerings, Sony refuses to budge. The Japanese electronics giant has long been associated with premium positioning, and the same applies to its ultra-portable portfolio.
      FILE PHOTO  -  630 words
    • 737 25  -  Cloud computing, green IT, Knowledge-as-a-Service are just some of the trends to keep an eye on <you say> By RAJU CHELLAM The writer is the managing director of TechTrenders Asia Pte Ltd AFTER recession, followed by near-recovery, it is now time
      737 words
    • 756 25 In the limelight will be smart phones, tablets, netbooks AFP [SAN FRANCISCO] Sleeker, smarter mobile phones, tablets, and netbooks will be stars at this week’s premier Consumer Electronics Show (CES) in Las Vegas, as firms bring out their latest gadgets to court the Internet
      AFP  -  756 words
    • 752 26  -  But firms will have to fight for jobs as outlook will not be back to pre-crisis levels, finds WINSTON CHAI WINSTON CHAI THE regional technology market will be healthier in 2010, with tech spending by Asian companies projected to rise 8.8
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  • Page 26 Advertisements
    • 1235 26 BT ADVERTORIAL A catalyst of infocomm change When less is truly more Harnessing advancements in technologies, ST Electronics provides solutions and services that best suit the needs of its customers THE economic challenges of 2009 have forced companies around the world to re-think the way they operate. In the process,
      1,235 words
    • 13 26 <cool stuff> The unbearable lightness of being a Sony Vaio X PAGE 25
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