The Business Times, 22 November 2010

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Total Pages: 30
1 30 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sf!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Monday, November 22,2010
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  • 690 1  -  Wong Partnership may be close to a lease at MBFC Tower 3; BOAML takes 4 floors of 50 Collyer Quay By KALPANA RASHIWALA [SINGAPORE] The buzz in the new office leasing market continues. BT understands that law firm Wong Partnership may be close to
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  • 158 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST Index 3,197.37 -54.63 KL COMP 1,506.05 +6.24 NIKKEI 225 10,022.39 +297.58 HANG SENG 23,605.71 -616.87 SET INDEX 1,008.77 -10.09 JAKARTA COMP 3,725.05 +59.20
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  • 595 1  -  Privatisation in line with govt’s plan to divest assets By S JAYASANKARAN THE Malaysian government is likely to give the nod to tycoon Syed Mokhtar Al-Bukhary to take over the ownership of Penang Port, executives familiar with the matter said. It is not clear
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  • Page 1 Advertisements
    • 210 1 DINING OUT Noodles to please most palates PAGE 22 IRELAND Seeking multi-billion euro bailout VIEWS FROM THE TOP Of Facebook and Twitter PAGE 2 PAGES 12 13 HOCK LOCK SIEW The lowdown on shipping trusts PAGE BizIT Voice to data shift major challenge for telcos I PAGE 28 Cool stuff
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  • TOP STORIES
    • 563 2 Cabinet expected to sign off on request late yesterday AP [DUBLIN] Ireland is asking for a multi-billion euro international bailout of its cri-sis-hit economy, a move that the country’s finance minister said yesterday would help shore up the struggling country’s finances. Ireland’s neighbours hope
      AP; BLOOMBERG  -  563 words
    • THREE-MINUTE DIGEST
      • 93 2 THE buzz in the new office leasing market continues. Law firm Wong Partnership may be close to inking a lease for about 100,000 sq ft at Marina Bay Financial Centre’s Tower 3, a 46-storey tower with 1.3 million sq ft that is expected to
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      • 68 2 THE Malaysian government is likely to give the nod to tycoon Syed Mokhtar Al-Bukhary to take over the ownership of Penang Port, executives familiar with the matter said. Mr Syed Mokhtar is already the biggest port operator in the country with his listed
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      • 48 2 SINGAPOREANS are the most optimistic consumers in the region, according to the latest Asian Consumer Confidence Index conducted by InsightAsia. The index rose 11 points to 137 in the third quarter, following a dip in Q2. TOP STORIES, PAGE 2
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      • 75 2 THE league of foreign bank chiefs based in Singapore continues to grow. Citigroup has announced that the Asia-Pacific region will be jointly managed from Singapore and Hong Kong. It was previously managed exclusively out of Hong Kong. With the change, Shirish Apte, CEO
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      • 42 2 PRINCIPLE-BASED standards, as opposed to prescriptive ones, could be the key to achieving a global convergence of accounting standards, says Michael Izza, CEO of the Institute of Chartered Accountants in England and Wales. SINGAPORE NEWS, PAGE 10
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      • 70 2 THE Federal Reserve is printing billions of dollars to aid the US recovery, but acting when politicians could not or would not has sparked the fiercest challenge to its authority in decades. In the weeks since the Fed boldly began to
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      • 53 2 CHINA yesterday announced a further series of measures to rein in rising commodity prices as it steps up efforts to combat rapidly rising inflation, state media said. The State Council, China’s Cabinet, ordered local governments to boost agricultural production, stabilise supplies and reduce prices. GREATER
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      • 66 2 AUSTRALIA’S government wants a “new pillar” in the banking system to provide competition to the nation’s four biggest banks, Treasurer Wayne Swan said. Commonwealth Bank of Australia, Westpac Banking Corp, Australia New Zealand Banking Group Ltd, and National Australia Bank Ltd dubbed the four pillars
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    • 587 2  -  Upward trend in consumer confidence index since recession low By MAARTEN KALLENBERG The writer is head of the Consumer Confidence Index at InsightAsia Research Group. He can be contacted for more information about the report at consumer confidence@insig htasia.com. Free top-line reports and more
      Source: InsightAsia Research Group  -  587 words
    • 532 3  -  Move underlines bank’s commitment to Republic and wider Asean region By KALPANA RASHIWALA [SINGAPORE] The league of foreign bank chiefs based in Singapore continues to grow. Citigroup has announced that the Asia-Pacif-ic region will be jointly managed from Singapore and Hong Kong. It
      ARTHUR LEE  -  532 words
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  • Page 3 Advertisements
    • 225 3 'AIRLINES Fly Business Class, and experience 5-Star MH at exceptional value. IT"r wr v.»»« 6® FROM SINGAPORE All-inclusive fare. BOOK NOW malaysiaairlines.com or visit Malaysia Airlines ticket office, 6336 6777 or your nearest travel agent. Experience 5-Star MH. This is Malaysian Hospitality. Booking Period: 8 November 2010-4 December 2010 Travel
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  • SINGAPORE MARKETS
    • 680 4  - QE 1, 2, 3 4 just delaying the inevitable? STOCKS R SIVANITHY Senior Correspondent ONE of the most notable criticisms of money-printing by governments as a solution to economic woes is that it simply delays the inevitable collapse. When this will materialise is anybody’s guess, but fire-fighting measures that require
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    • 574 4 CURRENCIES Bloomberg [SEOUL] Asian currencies pared losses last week as signs that Ireland will accept a bailout and regional economies are sustaining growth fuelled investor appetite for higher-yielding assets. Irish central bank governor Patrick Honohan said last Thursday that he expects
      Bloomberg  -  574 words
    • 1592 4 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Properties Ltd 2.8 2.8 10 10.77 10.96 1.34 1.18 ARA Asset Mgt Ltd 2.25 1.75 4 7.8 18.21 1.55 1.42 Armstrong Ind Corp Ltd 1 1
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    • 4 4 WEEKLY
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    • 65 4 Nov 19 VALUE CLOSE BT OB/OS -537.00-177.00 BT CADI -*****.00 -67.00 BT 10-day MA -*****.00 -54.00 FTSE ST Mid Cap 792.77 -1.01 FTSE ST Small Cap 575.34 -1.38 FTSE ST All Share 789.76 -3.73 FTSE ST China Top 294.14 -0.84 FTSE ST China 329.12 -3.97 FTSE ST
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    • 58 4 VOLUME Genting SP 774,867,000 TopGlobal 328,865,000 Golden Agri 218,457,000 *Genting HK US$ 153,369,000 Ban Joo 151,471,000 SingTel 113,752,000 Noble Grp 109,404,000 UniFiber 104,131,000 Jade W*****4 98,410,000 ChinaNTown 91,829,000 VALUE($) Genting SP 1,620,789,282 SingTel 359,517,525 DBS Grp 250,238,833 Wilmar 240,057,115 Noble Grp 228,173,310 OCBC Bk 208,873,671 Keppel Corp
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    • 593 4 COMMODITIES AFP [LONDON] Commodity prices slid last week on heightened concerns over European sovereign debt amid a likely bailout for Ireland while Chinese steps to tackle soaring inflation also weighed. International financial experts and Irish officials were locked in negotiations on Friday on
      AFP  -  593 words
    • 116 4 BY CENTS CLOSE UP DBXT MSKorea 10US$ 5440 99.7 1.4 Keppel Corp 1088 36.0 3.4 DBXT MSEurope 10US$ 4473 35.0 0.6 Lyxor Nasdaq100 10US 854 31.1 2.9 OCBC Bk 5.1%NCPS 100 ***** 22.0 0.2 DBXT MSINDO 10us$ 1466 20.7 1.1 DBXT S&P Short 10US$ 4780 20.7 0.3 Asia Pac
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    • 120 4 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-563.2 -3.1 DBXT USDIGInfl 5US$ *****-482.9 -1.5 GLD 10US$ *****-310.7 -1.8 DBXT FTVietnam 10US$ 3252-295.2 -6.6 DBXT iBoxxSing 5SG$ *****-176.0 -1.4 Lyxor MS India 10US$ 1774-168.3 -6.8 DBXT AUD Bonds 5AU$ *****-144.7 -0.7 DBXT FTChina25 10US$ 3272-133.3 -3.1 IS DJ US Tech
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    • 5 4 WEEKLY
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    • 1646 8  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director at Asia Insider Ltd BUYING activity surged while the selling among directors was flat last week, based on filings on the Singapore Exchange during the holiday-short-ened week of Nov 15 to
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    • 1439 8  -  TEH HOOI LING Senior Correspondent MARKET players continued to take money off the table last week, with all six of our portfolios ending lower. On average, the portfolios slid 1.5 per cent. The one-year top losers portfolio is the biggest drag on the
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  • COMPANY NEWS
    • 837 5  -  HOCK LOCK SIEW By JOYCE HOOI IT hasn’t been much fun being a shipping trust, lately. If your creditor isn’t leaning on you, your client is reneging on you or asking for a 30 per cent discount on charter rates. At some point in the
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    • 403 5 Nov 19 BANKS 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 of Communications 5.5 Bank of
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    • 286 5 COMPANY MEETING PLACE DATE TIME Kencana Agri E Suntec Singapore International Convention Exhibition Centre Meeting Room 313 1 Raffles Boulevard Suntec City Singapore *****3 22-Nov 2.30pm Datapulse Tech A E River View Hotel, Lily Ballroom, 382 Havelock Road, 2.00pm Singapore *****9 22-Nov 2.15pm Easter Asia E Anson Room
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    • 16 5 Branchen Stars R1C-A EUR db X-MACROTrading Index Fund I4D GBP 15/11/10 131,79 09/11/10 103,87
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    • 11 5 FX Select Guaranteed Fund R1D 15/11/10 101,08 USD
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    • 29 5 Balanced Currency Harvest Euro I1C EUR Booster Capital Guaranteed Fund SGD R1D SGD Double Joy Capital Guaranteed Fund R1D USD 15/11/10 101,52 12/11/10 10,48 12/11/10 9,99
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    • 1195 6  -  DBS chief Piyush Gupta’s vision is for the bank to fill a niche as Asia’s bank and to compete effectively in that role, reports RUPERT WALKER RUPERT WALKER DBS has embarked on an ambitious journey since its new chief executive, Piyush Gupta, took the reins last
      FILE PHOTO  -  1,195 words
    • 490 9 Mobile operator’s Q2 profit down 27%, hurt by its new African business Reuters [ABUJA, Nigeria] The founder of Bharti Airtel, India’s top mobile operator, said on Friday that the priority for its loss-making African business was long-term growth rather than turning a quick
      Reuters  -  490 words
  • Page 5 Advertisements
    • 31 5 Looking for an I Executive Coach to help you achieve your goals objectives? MindModel Lab www.davechong.com Tel: 6333 8777 Head to CATS FASTADS in The New Paper for job opportunities! CLA/Dec05/Sg
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    • 289 5 See the world of ETFs through our eyes. iShares* Keep evolving iShares, the world's leading ETF provider, now offers four convenient ways to access global markets from Singapore. iShares S&P 500 Index Fund (117) iShares MSCI Singapore Index Fund (119) iShares MSCI India (198) iShares MSCI Dow Jones U.S. Technology
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  • Page 6 Advertisements
    • 4 6 CFD provider* World’s No.
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    • 108 6 LUXURY TOURS TRAVEL PTE LTD The Leading Operator I'A Established 1985 M "Fullfilling your requirments with finesse" Our experienced team of planners takes charge right from the start. We offer you the best venues available, suggestions settings. These include transportation, meals, sightseeing tours tourist guides. Our services at a glance
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  • Page 7 Advertisements
    • 792 7 MEWAH INTERNATIONAL INC. (Company Registration Number: CR-*****5) (Incorporated with limited liability in the Cayman Islands on April 18, 2006) Offer Closes 12 Noon,Today SubscribeNOW! Global Brands, Local Favourites An integrated agri-business group focused on edible oils and fats Mewah has been in operation since the 1950s. One of the largest
      792 words


  • Page 9 Advertisements
    • 359 9 The art of accurate advice. At LGT, your personal private banker provides you with a state of the art investment platform and unbiased recommendations: Simple. Understandable. Effective. LGT Your Private Bank in Asia for 25 years. Singapore Phone +65 6415 3800, info@lgt.com Hong Kong Phone +852 2523 6180, info@lgt.com 25
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  • SINGAPORE NEWS
    • 705 10  -  ICAEW head says leaving application to each jurisdiction will smooth path By MICHELLE MICHELLE QUAH PRINCIPLE-based standards, as opposed to prescriptive ones, could be the key to achieving a global convergence of accounting standards, says Michael Izza, CEO of the Institute of Chartered Accountants in
      705 words
    • 305 10  -  By LINETTE LIM HOME appliance manufacturer Dyson says that it will be raising its headcount in Singapore sevenfold. Dyson’s PR and communications executive Rachel Choong told The Business Times on Thursday that the company’s R&D centre in Singapore currently has a staff headcount of 30.
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    • 1150 10 Payment Ex Books Pay Ann (cts) date close date date Action Asia aw 0.500 18-Nov 22-Nov 01-Dec 08-Nov AIMS AMP Cap Ind Reit ag 0.397 04-Nov 09-Nov 17-Dec 01-Nov Allied Tech aw 0.200 03-Dec 07-Dec 22-Dec 11-Nov Ascendas India Trust bi 3.360 04-Nov 09-Nov 22-Nov 25-Oct Ascendasreit ao
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    • 524 10  -  Uncompetitive exports a bane, says Argentine official By MALMINDERJIT SINGH THE strong euro may prove to be a stumbling block for European countries looking to recover from their debt problems, said Susana Blundi, director of general administration of the Federal Investment Council of
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    • 295 10 MENDAKI is setting aside an initial budget of $50,000 over a one-year period to pilot ideas by young Ma-lay-Muslims to uplift the community. These ideas will translate some of the recommendations made under a forward planning exercise at the annual Community Leaders’ Forum
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  • Page 10 Advertisements
    • 222 10 Master of Science in Applied Economics IV SMU SINGAPORE MANAGEMENT UNIVERSITY 10™ ANNIVERSARY *****-2010 I School of I Economics Can the falling greenback shrink the red packet? .V A i 4 LLAKf Z7 vINgapQ >4 Falling US Dollar Reduced exports to the US Jobs lost Wage freeze Reduced wedding 'angpows'
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    • 11 10 CATS Recruit The first step on your ladder to success CLA/AUG06/g
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1316 11 Ditch the top-down approach and staff will meet targets set by themselves A PROFESSOR was frustrated with late assignments from students. “How can I get my students to hand in their work on time?” he wondered. Imposing penalties seemed too harsh, and constant nagging did not
      STOCK.XCHNG  -  1,316 words
    • 750 11  -  Alumnus donates $100,000 to NTU’s endowment bursary fund. By NARENDRA AGGARWAL CAMPUS LIFE By NARENDRA AGGARWAL The writer, a former Singapore Press Holdings journalist, is Director for Public Affairs at Nanyang Business School, Nanyang Technological University WE usually invest our hard earned money for
      750 words
  • Page 11 Advertisements
    • 271 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
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  • VIEWS FROM THE TOP
    • 3675 12 THIS WEEK’S TOPIC What are your views on using social networks such as Facebook and Twitter for business-related communications? Does your organisation use these networks, or plan to use them? Teresa Lim Managing Director IBM Singapore THE prevalence of mobile devices like smartphones, tablets
      BLOOMBERG, AFP  -  3,675 words

  • Page 13 Advertisements
    • 143 13 xf CTi .H-i M ¥JT Documents to Martha on 1st floor, everything else to John in dispatch. The best way through New York Fish market by day, shortcut by night. traffic is over it. In our helicopter. ■v Road sign to airport hidden. If you miss it, take the second
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  • ECONOMY WATCH
    • 743 14 Gridlock in Congress spurs Fed actions, opening it to attacks by politicians, critics AFP ASHINGTON] The Federal Reserve is printing billions of dollars to aid the US recovery, but acting when politicians could not or would not has sparked the fiercest
      AFP; REUTERS  -  743 words
    • 367 14 KDI urges moves to reduce sharp swings in capital flows Reuters [SEOUL] South Korea’s top state think-tank yesterday urged the central bank to raise interest rates further, and called on officials to seek additional capital measures to mitigate any fallout from rapid cross-bor-der
      Reuters  -  367 words
    • 395 14 AFP [COLOMBO] Sri Lanka will relax foreign exchange and investment rules in a budget to be presented today as it seeks to spur investment in the island recovering from a bloody civil war, analysts say. Sri Lankan troops crushed a 37-year separatist
      AFP  -  395 words
    • 550 14 AFP [LISBON] US President Barack Obama and European Union leaders called on major economies once again on Saturday to avoid waging a war of competing currency devaluations. The two economic powers met at a time of global market concern over the fragile state of indebted
      AFP  -  550 words
  • Page 14 Advertisements
    • 1502 14 [•SATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF (1) COME TO MUSIC PTE. LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****2096E) (2) THUNDER ROAD RECORDS PTE. LTD. (IN CREDITORS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****2094D) NOTICE
      1,502 words

  • MALAYSIA/INDONESIA
    • 544 15  -  Former boss of Renong empire making bid for QSR Brands, owner of KFC, Pizza Hut restaurants MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent IT appears that a tycoon from Malaysia’s corporate past is poised to make a comeback. On Friday, plantation and fast food group Kulim
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    • 574 15  -  Defections, bitter infighting tearing apart PKR and DAP By S JAYASANKARAN WHILE the ruling Barisan Nasional coalition appears confident of a resurgence in its popularity amid talk of a snap general election, the opposition seems increasingly fragmented with serious problems surfacing in two of
      THE STAR  -  574 words
    • 1976 15 VOL Nov 19 RM +/-(‘000) A M Realty 0.56 unch 65 Abric Bhd 0.34 0.02 356 Advance Synerg 0.20 -0.01 3491 Adventa Bhd 2.28 0.10 631 Ae Multi Hldgs 0.33 unch 1049 Affin Holdings 3.18 0.01 512 Ahmad Zaki Res 1.08 0.01 1253 Aic Corp 1.19 -0.01 67
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    • 226 15 Xinhua [JAKARTA] Indonesia is expected to attract more Chinese tourists through active tourism promotion in China, such as the 12th China International Travel Mart (CITM) and the World Expo Shanghai China (WESC) 2010. Chinese tourists are the fifth largest for Indonesia after Singapore, Malaysia, Japan
      Xinhua  -  226 words
  • Page 15 Advertisements
    • 183 15 AsiaGlobal Graduate School Distinguish yourself. With a University of Canberra PhD/DBA Degree in Singapore. UNIVERSITY OF CANBERRA AUSTRALIA'S CAPITAL UNIVERSITY Doctor of Philosophy (PhD) in Management Doctor of Philosophy (PhD) in Government Doctor of Business Administration (DBA) Through Research Study in Singapore S Completion in minimum 3 years for holders
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  • GREATER CHINA/INDIA
    • 508 16 Local govts ordered to boost agricultural production, stabilise supplies, cut prices AFP Xinhua [BEIJING] China yesterday announced a further series of measures to rein in rising commodity prices as it steps up efforts to combat rapidly rising inflation, state media said. The State Council, China’s
      AFP; Xinhua  -  508 words
    • 334 16 China is trying to cool inflation that surged in October AP [BEIJING] China’s largest oil refiner has suspended diesel exports as the country fights rising inflation, official media reported on Saturday. The decision by stateowned Sinopec will help meet domestic shortages blamed on
      AP  -  334 words
    • 443 16 Reuters [OSLO] Norway’s Telenor has denied allegations that its Indian subsidiary Uninor won mobile phone licences in an irregular manner, the Norwegian news agency NTB reported. India’s telecoms regulator has called for 38 mobile licences, including some held by Uninor, to be cancelled amid
      Reuters; BLOOMBERG  -  443 words
    • 368 16 Bloomberg [NEW YORK] Youku.com Inc, China’s biggest on-line-video company, said it plans to raise US$169 million in a US initial public offering, one week after its competitor Tudou Holdings Ltd filed for its own IPO. Youku.com will offer 15.4 million American depositary receipts at
      Bloomberg  -  368 words
    • 225 16 Xinhua [MUMBAI] India will spend US$2 billion in the next 18 months to indigenously develop its new generation stealth fighter, an Indian defence official was quoted as saying yesterday. “The government will approve US$2 billion for the development of the new generation stealth
      Xinhua  -  225 words
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  • WORLD
    • 512 17 ‘The Daily’ could be launched before the end of the year AFP [WASHINGTON] After months of top-secret development, Rupert Murdoch’s News Corp appears poised to take the wraps off a digital newspaper for the iPad called The Daily. News Corp has been tight-lipped
      AFP  -  512 words
    • 407 17 AP [NEW YORK] Simon Cowell’s kinder side will be spotlighted when the former American Idol judge is honoured at the 38th Annual International Emmy Awards. Cowell, who left Idol earlier this year to launch an American version of his hit British singing competition
      AP  -  407 words
    • 449 17 Four largest Aussie banks seen as arrogant; more competition sought Bloomberg [SYDNEY] Australia’s government wants a “new pillar” in the banking system to provide competition to the nation’s four biggest banks, Treasurer Wayne Swan said. Commonwealth Bank of Australia, Westpac Banking Corp, Australia New Zealand
      Bloomberg; BLOOMBERG FILE PHOTO  -  449 words
    • 532 18 Uphill battle for newcomers, Big 3’s dominance secure for now: analysts AFP [PARIS] The Big Three credit rating agencies, under fire for failing to anticipate the global financial crisis, have spurred new players to offer alternatives but the trio’s dominance of the sector seems
      AFP  -  532 words
    • 424 18 Failure lies in finding a formula for reductions in countries’ emissions AP [NEW YORK] The failure of the annual UN conference in Copenhagen to produce a climate agreement last year in the Danish capital has raised doubts about whether the long-running, 194-nation talks
      AP  -  424 words
    • 621 18 A poll says 57% of Japanese are not in favour of the move AFP [TOKYO] Japanese online retailer Rakuten is swapping Japanese for English as its official language com-pany-wide in preparation for an overseas expansion, a move “crucial for us to survive
      AFP  -  621 words
    • 273 18 Reuters [GENEVA] An imperial-size bottle of Cheval Blanc 1947, a rare Bordeaux find discovered in the secret cellar of a great wine collector, sold for US$304,375 last week a world record for a single bottle at auction, Christie’s said. Equivalent
      Reuters; REUTERS  -  273 words
    • 791 19 Challenges remain, with competition from Asia, uncertain outlook in Europe AFP [NEW YORK] The triumphant return of General Motors to Wall Street less than 18 months after its bankruptcy marks a renaissance in the US auto industry, even though Detroit faces tough competition
      AFP  -  791 words
    • 372 19 It cites flush liquidity and low interest rates at home Bloomberg [MANILA] The Philippines may scale back its plan to raise US$2.5 billion by selling bonds overseas next year because of flush domestic liquidity and low interest rates at home, Treasurer Roberto
      Bloomberg  -  372 words
    • 548 19 Reuters [LONDON] Tesco, the world’s No 3 retailer, has seen a pick-up in sales growth in South Korea, its biggest market outside Britain, as well as rising sales in China, Thailand, Malaysia and India, it said yesterday. The supermarket group, on the first day of
      Reuters; REUTERS  -  548 words
    • 507 19 Reuters [LISBON] The United States and the European Union (EU) promised on Saturday to use their considerable economic weight to try to secure a successful conclusion to the Doha round of global trade negotiations in 2011. US President Barack Obama
      Reuters  -  507 words
    • 872 20  -  Irish debt woes, China’s tightening policies, Fed’s QE2 emerge again WALL STREET INSIGHT By ANDREW MARKS AS Wall Street looks forward to the big Thanksgiving holiday in the US that will leave the stock and bond markets here closed on Thursday and a half-day
      AP  -  872 words
    • 595 20 Spain’s economic recovery ground to a halt in Q3 AFP [MADRID] As debt-stricken Ireland heads for a Greekstyle EU bailout, Spain is desperately trying to avoid being lumped in the same basket but analysts warn it will have to do more to keep investors happy.
      AFP; AP  -  595 words
    • 476 20 AFP [SAINT PETERSBURG] World leaders yesterday sought to come up with the hundreds of millions of dollars they say are needed to save the tiger from extinction and double the big cat’s number by the next Year of
      AFP  -  476 words
    • 513 20 Summit an effort to build mutual confidence: official AFP [AIR FORCE ONE] US President Barack Obama and his Russian counterpart, Dmitry Medvedev, held an impromptu summit in Lisbon in an effort to build confidence between the two nations, a White House official announced.
      AFP  -  513 words
    • 337 20 Reuters [NEW DELHI] Premier League club Blackburn Rovers is set to have its home ground Ewood Park renamed by its new Indian owners, a newspaper reported yesterday. Poultry giant Venky’s, which sealed a £54 million (S$112 million) deal on Friday to become the first
      Reuters  -  337 words
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    • 35 17 P IS v *d 1 I IFRIS'ET Be Vigilant. Be Resilient. Be United Against Terrorism. i 5s SSt :n: HI Be as One. j 4 -IF W/ I'lg fj i P-r> NATIONAL SECURITY COORDINATION SECRETARIAT
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  • Page 18 Advertisements
    • 1074 18 MATS BUY IT• SELL IT• FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg TYE SOON LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****0114W) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of Tye Soon Limited (the “Company”) will be held
      1,074 words
    • 183 18 In The Matter of The Companies Act, Cap. 50 And In The Matter of ACTGENT SOFTWARE PTE LTD (Co. Reg. No. *****0388K) NOTICE OF CREDITORS’ MEETING PURSUANT TO SECTION 296 OF THE COMPANIES ACT, CAP. 50 NOTICE IS HEREBY GIVEN that pursuant to Section 296 of the Companies Act, Cap.
      183 words
    • 23 18 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. BSAIS NOTICES
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  • Page 19 Miscellaneous
    • 26 19 h-wl JACKPOT T 4t CO CO TODAY Sales close at 6pm Draw at 6.30pm at PoMo For details, visit www.singaporepools.com.sg Towards Community Purpose and Benefit SINGAPORE
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  • Page 20 Advertisements
    • 31 20 IH I o \y- r > Cfi. T. China's measures to cool real estate boom force some property S-Chips to change strategy <t>SH££m$l$S fSSUSSK? To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • AVIATION/SHIPPING
    • 586 21 Boeing and EADS are in an intense competition for the US$35b contract AP [WASHINGTON] The US Air Force (USAF) mistakenly gave rival companies sensitive information that contained each other’s confidential bids in a long-stand-ing, multi-billion dollar competition to build a new refuelling
      AP  -  586 words
    • 374 21 AFP [HAMBURG] Ten Somali men go on trial for piracy today in this maritime city, the first such case in Germany in some 400 years. The men are charged with attempting to seize the German container ship MS Taipan in April, some 900 kilometres east of
      AFP  -  374 words
    • 396 21 It also recommends surcharge of US$400 per box Bloomberg [HONG KONG] AP Moeller Maersk, the world’s largest container line, and 14 other shipping companies agreed to seek rate increases of US$400 per 40-foot box on Asia-US west coast routes
      Bloomberg  -  396 words
    • 278 21 SGX '000 Nov 19 S$ +/-Vol CH Offshore 0.49 unch 479 Chuan Hup Hldg 0.23 0.01 124 Cosco Corp 2.08 -0.03 9061 CWT Ltd 0.93 -0.01 1099 Ezra Hldgs 1.72 -0.02 5098 First Ship Lea 0.44 0.01 131 Freight Links 0.09 unch ***** Grand Banks unch unch 0
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    • 212 21 NYT [WASHINGTON] The US Transportation Security Administration (TSA) has decided to allow airline pilots in uniform to skip full-body scans and pat-downs that have provoked a national outcry. Pilots who are travelling out of uniform or not on official business will still be subjected
      NYT  -  212 words
    • 3195 21 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ456 1245 EY473 1940 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 Amsterdam LO4031 0605 LO4032 2350 SQ323 0605 SQ324 2350 US5410 0605 US5411 2350 AZ3992 1615 KL835 1615 Athens SQ398 0100
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  • Page 21 Miscellaneous
    • 325 21 CRYPTIC CROSSWORD Across 1 Two Biblical characters in a Coleridge poem (10) 6 A filter shortened? That’s ridiculous (2,2) 10 Discipline in class (5) 11 Face the other way in stage act, initially (4,5) 12 Fine example of a firework (7) 13 Decent chalet, I suspect (7) 14 Stability shown
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  • DINING OUT
    • 728 22  -  NEW RESTAURANT Ai Mien Bar #01-08 Capital Tower 168 Robinson Road Tel: 6592-5296 www. aimienbar. com.sg Opening hours: 8am to 11pm Monday to Friday (happy hours 5 pm to 9 pm) By Geoffrey Eu GIVEN the insatiable appetite for noodles in this town and the
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    • 492 22  -  RESTAURANT REVAMP Mandarin Court Level 35, Mandarin Orchard Singapore, 333 Orchard Road Tel: 6831 6288/6831 6262 By Audrey Phoon PINE Court opened in 1973, and since then the Chinese restaurant on the 35th floor of Mandarin Orchard has undergone several rounds of décor and chef
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  • Page 22 Advertisements
    • 195 22 Win a pair of air tickets to KL Kuantan Log on to II raveuers.cjm the ultimate travel resource by SPH Sponsored By: firefly WINE DINE AND HOSPITALITY WHITE TRUFFLE HEAVEN 16 October to 30 November 2010 With white truffles from Alba in Italy, Ristorante Bologna presents a special a la
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  • SINGAPORE STOCKS
    • 9379 23 Week ended: Nov 19 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 21 14.5 3148 8Telecom 19 +0.5 1803 19 18 18.5 19 1.7 9.5 6.1 91 12 5 5834 A-Sonic
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    • 1863 24 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 $mil 7 4 1181 t AA Grp 4.5 4 4.5 25 4.3 225 130 6222 t APStrategic 162 -2 29 164 157 157
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    • 114 24 Stock name Close Change CapMallsAsia 2.080 -0.030 CapitaLand 3.800 -0.010 CapitaMall 1.920 -0.010 CityDev 13.000 -0.120 ComfortDelGro 1.550 +0.020 DBS Grp 13.900 -0.040 F&N 6.270 -0.110 Genting SP 2.040 -0.010 Golden Agri 0.720 HK Land 6.850 -0.200 Stock name Close Change JMH 47.400 +0.120 JSH 27.560
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    • 2635 24 Transaction date: Nov 19 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.70 0.04 322 Aeon Stores 16.90 unch 0 Angang Steel 11.54 -0.04 ***** Anhui Conch 31.70 unch 4916 Anhuiexpresswa 6.49 -0.24 3588 Asia Satellite 13.96 0.32 35 Asm Pacific 72.95 1.00 540 Bank Of E Asia 33.85
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    • 186 24 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 12 2 0 0 0 4 12 2 Manufacturing 46 121 53 8 17 16 54 138 69 Commerce 18 40 20 7 5 7 25 45 27 Tpt/Stor/Comms 10 29 7
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    • 947 24 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 $mil 124 107 6389 ABF SG Bond ETF 116 -2 19 116 113.6 113 115 529.5 1056 761 CIMBAsean40 100US$ US1016 -21 0 1024 1016
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    • 256 24 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 $mil 56 38 6000 AVJennings A53 51 57 3.6 6.6 4.2 138 55 16 6017 Genting HK US$ US45.5 -3 *****9 49 45 45.5 46 2996
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    • 123 24 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 69,949 69,949 305,965 305,965 Manufacturing 1,112,999 68,704 1,181,703 1,016,295 6,657 1,022,952 Commerce 489,065 80,927 569,992 530,899 8,917 539,816 Tpt/Stor/Comms 615,021 7,245 622,266 984,404 1,681 986,085 Finance 106,296 66 106,362 795,111 9 795,120 Construction 212,834 342,647
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  • Page 24 Advertisements
    • 26 24 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
    • 374 25 In local curr In S$ In US$ dy yr dy yr dy yr Nov 19 Index Change Change Change Change Change Change World Index Preliminary 869.2 0.0 4.4 0.1 -2.3 0.0 5.6 EAFE Preliminary 790.7 -0.2 0.7 -0.1 -4.9 -0.1 2.8 Europe Preliminary 1159.6 -0.3
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    • 180 25 Nov 19 $S Offer Bid 0vernight 0.05 0.03 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.33 0.23 1 month 0.37 0.27 2 months 0.42 0.32 3 months 0.45 0.35 6 months 0.55 0.45 9 months 0.75 0.55 12
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    • 22 25 Nov 19 S$ Bid Offer 1-month 1.2945 1.2956 2-months 1.2945 1.2955 3-months 1.2945 1.2955 6-months 1.2944 1.2954 Source: OCBC
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    • 121 25 Nov 19 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.325 1.25 Can dollar 1.294 1.245 Euro 1.802 1.733 Sterling pound 2.117 2.036 NZ dollar 1.036 0.987 US dollar 1.315 1.265 Local dollars to 100 units of foreign
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    • 27 25 Nov 19 Open High Sett STI Nov 3196 SIMSCI Nov 378.4 380.0 375.8 Taiwan Nov 294.5 297.4 295.0 Source: MF Global (S) Pte. Ltd
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    • 66 25 Nov 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 10 3336 3337 3373 3300 171 3171 Jan 11 3341 3350 3380 3294 2026 ***** Feb 11 3325 3326 3364 3271 ***** ***** Mar 11 3320 3317
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    • 424 25 Nov 19 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6875 0 9461 Mar11 99.6150 0 2213 Jun11 99.5150 0 3224 Sep11 99.4100 0 2118 EUROYEN TIBOR FUTURES Dec10 99.6600 0 4448 Mar11 99.6600 0 1475 Jun11 99.6600 1 1536 Sep11 99.6500 0 1430 Dec11 99.6550
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    • 167 25 Nov 19 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Dec 10 440.0 434.0 440.0 34 531 Jan 11 438.0 560 Feb 11 438.2 512 Mar 11 439.0 393 Apr 11 435.0 435.0 440.0 10 224 May 11 441.0
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    • 88 25 Nov 19 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 17.02.2011 0.29 1-Year BY*****N 01.11.2011 0.40 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 103.90 103.97 103.92 5-Year N*****0S 2.875 01.07.2015 107.61 107.75 107.36
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    • 109 25 Nov 19 Nov 19 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 11 1201.50 1242.00 1233.50 1200.00 Mar 11 1209.00 1249.25 1263.25 1209.00 May 11 1210.00 1248.50 1261.00 1209.00 Jul 11 1212.00 1250.00 1241.00 1212.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec
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    • 77 25 CRUDE OIL PRODUCTS Nov 18 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 84.81 0.28 WTI (Near Mth) 81.90 1.53 Dubai (1-Mth F) 81.93 -0.17 Tapis blend 88.50 0.20 Minas 83.90 unch PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 86.22 -0.34 Jet Kerosene 96.00 -2.10 US$/barrel Opec Oil
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    • 2509 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 2 -0.5 ***** 1 3 -17 3.00 1 6221 Asia-Pacific Strategic W*****6 38.5 0.5 24 1 150 16 4.21 42 6227 ASJ Hldgs W*****1 3.5
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    • 464 25 Nov 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.006 6.567 0.723 7.673 44.728 88.352 0.824 11.218 3.083 1.270 84.508 43.357 1.282 6.875 0.982 30.000 29.612 0.616 0.990 Canada 0.994 6.526
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    • 85 25 Nov 19 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 154 25 Nov 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2807 1.2824 0.9893 0.9898 Canadian dollar 1.2730 1.2742 0.9833 0.9835 Euro 1.7722 1.7738 1.3689 1.3691 NZ dollar 1.0082 1.0103 0.7788 0.7798 Sterling pound 2.0782 2.0800 1.6053 1.6054
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    • 139 25 Nov 19 GOLD (US$/oz) Nov 19 Nov 18 Hong Kong 1360.50 1357.00 Nov 18 Nov 19 London 1354.25 1349.20 1355.00 1350.20 Source: Thomson Reuters CAST BAR Nov 19 (S$) Selling Buying Kilobar 60,905.47 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 136 57 5gm 387 284 10gm 692
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    • 71 25 Nov 19 Nov 19 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2232.50 2281.00 3 months 2260.00 2308.00 Copper, Grade A (US$/tonne) Cash 8427.00 8446.00 3 months 8404.00 8425.00 Lead (US$/tonne) Cash 2253.25 2290.50 3 months 2277.00 2315.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • 82 25 Nov 19 COCOA (£/tonne) Close Prev High/Low Dec 10 1881 1935 1938/1878 Mar 11 1879 1931 1933/1877 May 11 1895 1945 1947/1895 Jul 11 1912 1962 1963/1910 COFFEE (US$/tonne) Close Pev High/Low Nov 10 1889 1890 1913/1910 Jan 11 1910 1911 1919/1890 Mar 11 1920 1925 1935/1903 May 11
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    • 5797 26 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 UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
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  • Page 27 Advertisements
    • 28 27 r FREIGHT FORWARDER urgently needed by shippers 1 Can they find your here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327
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  • BizIT
    • 866 28  -  Nokia Siemens Networks notes signalling loads are pressuring networks, writes AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY MOBILE network operators (MNOs) face a major challenge as their business shifts from a voice-centric to a data-centric model, according to Nokia Siemens Networks (NSN), one
      866 words
    • 367 28 AFP [SYDNEY] Internet giant Google yesterday said social media was “absolutely” part of its strategy and would be embedded in “many of our products” but played down its rivalry with networking icon Facebook. Chief financial officer Patrick Pichette said Google was at the centre
      AFP  -  367 words
    • 1026 29  -  But it will struggle to win new tablet users or convert existing iPad owners <cool stuff> By VICTORIA VICTORIA HO THE hand-held tablet market has seen an explosion of interest this past year. Perhaps marked most significantly by the entry of the Apple iPad
      1,026 words
    • 246 29  -  By VICTORIA HO SINGAPORE-based Affle has clinched two global awards from the Mobile Marketing Association (MM A). The mobile marketing firm, which also has offices in countries including the US, UK, China and India, won the MMA’s Best Use of Brand Advertising World Wide
      246 words
    • 912 29  -  A year ago, CIOs would have laughed at the concept of virtualising servers, storage and networks. Not any more <news analysis> By RAJU CHELLAM HERE’S a virtualised version of a joke: Three hypervisors walk into a DC (data centre). The first points to the servers and
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  • Page 28 Advertisements
    • 711 28 A Special Feature Brought To You By EMC EMC 2 where information lives* Optimizing Backup and Recovery for Large Scale Virtualization More and more organizations are deploying server virtualization as a strategy for consolidation, cost reduction, higher resource utilization, and greater efficiency. As they start scaling up their virtualization deployments
      711 words

  • Page 29 Advertisements
    • 1594 29 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg MEDI-FLEX MEDI-FLEX LIMITED (Registration No. *****2754H) (Incorporated in the Republic of Singapore) A member of Top Glove Group of Companies NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of Medi-Flex Limited ("Company") will be held at the
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  • Page 30 Advertisements
    • 187 30 i i n C| m Mm i '7 i 7\ v I 351 raaffi&s 471 2WV-: es S Is v* •<* spr m £5fcff <-■ m n &M t* •r ■-> fijrt mz c >«T» 5 '4V' > m •'>' ml -V itC &R M ■.>: MMzm W •*> J+>K
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