The Business Times, 3 December 2010

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL30983
Total Pages: 43
1 43 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sf5l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Friday, December 3,2010
    23 words
  • Article, Illustration
    Lock icon Nose job twist takes doc from Tatler to court
    853 1  -  Top cosmetic surgeons weigh in with testimonies By MICHELLE QUAH [SINGAPORE] The price of beauty has turned out to be staggeringly high for one fashion industry insider, who is now suing his aesthetic surgeon husband of well-known model Junita Simon for
    SINGAPORE TATLER  -  853 words
  • Article
    Lock icon MARKETS DIGEST
    145 1 G ST INDEX 3,197.96 (+16.02) G ST INDEX FUTURES 3,189 (+17) G SIMSCI 376.76 (+0.95) G SIMSCI FUTURES 376.80 (+1.80) FOREX US$ S$ US$ (S$ per US$) 1.311 (US$/S$ per 1.562 2.047 EURO (US$/S$/E) 1.314 1.722 Foreign currency per US$ S$ YEN 84.20 64.20 RM 3.149 2.402 HK$
    145 words
  • Article
    Lock icon $500m leg-up for SMEs that go for growth
    568 1  -  First phase of 1.5b fund launched to answer a crucial capital need of enterprises By FELDA CHAY [SINGAPORE] Small and medium enterprises, which have long griped about how a lack of capital has hindered their expansion plans, may soon see that obstacle
    568 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      216 1 SPECIAL FEATURE E&Y Entrepreneur Awards PAGES 18, 20, 22 HOCK LOCK SIEW SATS shows great timing PAGE 5 COMMENTARY American profligacy jeopardising US power PAGE 26 FESTIVALS Afloat in a city of lights PAGE 35 EXECUTIVE LIFESTYLE Peggy in Perth I PAGE 38 NARDIN LE LOCLE SUISSE m V.,.. v^
      216 words
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      525 2 $500m leg-up for SMEs that go for growth SMES, which have long griped about how a lack of capital has hindered their expansion plans, may soon see that obstacle lifted as the government moves towards bridging the financing gap. Yesterday, it launched the first phase of its $1.5
      525 words
    • Article, Illustration
      Lock icon Peers question treatment by plastic surgeon Amal Dass
      605 2  -  By MICHELLE QUAH [SINGAPORE] Two of Singapore’s leading cosmetic surgeons have weighed in on the saga that has seen make-up artist Sng Hock Guan sue his aesthetic surgeon, Dr Amal Dass of Advanced Aesthetics Surgery, for a botched nose job. Dr Woffles
      605 words
    • Article
      Lock icon Singapore is eighth most expensive city in Asia
      598 2  -  Its rising costliness as a city seen as a ‘double-edged sword’ By LYNN LYNN KAN [SINGAPORE] The strengthening Singapore dollar and rising prices have made Singapore the 42nd most expensive city in the world to live in, up from 79th place last
      598 words
    • Article
      Lock icon Fake gold in HK but silver lining here
      589 2  -  HK goldsmiths fall prey to most sophisticated counterfeit in ages By JOYCE HOOI [SINGAPORE] All that glitters can sometimes be a deceitful alloy of seven metals with just a touch of gold, jewellers in Hong Kong have been finding out this year.
      589 words
    • Article, Illustration
      Lock icon World Cup finals: Russia in 2018 and Qatar, 2022
      673 2 AFP Bloomberg Reuters [ZURICH] Russia and Qatar will host the World Cup finals in 2018 and 2022 respectively, world soccer governing body FIFA said here yesterday. The decision, announced by FIFA president Sepp Blatter, followed a bidding process involving 11 nations
      AFP; Bloomberg; Reuters; AP  -  673 words
    • Article, Illustration
      Lock icon SIA checks A380 engines after Aussie warning
      648 4  -  Trent 900 engine has ‘critical safety issue’, says Aussie aviation regulator By VEN SREENIVASAN [SINGAPORE] Less than three weeks after giving its A380 fleet the green light following engine changes on some of its super-jum-bos, Singapore Airlines is again inspecting the engines of
      AFP  -  648 words
    • Article
      Lock icon Court rules Deutsche Bank closed client’s positions prematurely
      571 4  -  By GRACE LEONG [SINGAPORE] The Singapore Court of Appeal overturned an order awarding US$1.2 million to Deutsche Bank after finding that it panicked in closing out a private banking client’s forex positions prematurely and without his authorisation at the height of the
      571 words
    • Article, Illustration
      Lock icon Asian biz keen on expanding overseas: survey
      462 4  -  By MICHELLE QUAH [SINGAPORE] Asian businesses, particularly those in Singapore and Hong Kong, are confident about growing their revenues and expanding overseas, says the 2010 Global Enterprise Survey by the Institute of Chartered Accountants in England and Wales (ICAEW) a finding that underpins
      Source: ICAEW Global Enterprise Survey Report 2010 − Asia-Pacific  -  462 words
    • Article
      Lock icon Another six private housing estates chosen for facelift
      338 4  -  By UMA SHANKARI [SINGAPORE] The government has spent around $117 million to upgrade and develop the infrastructure in private housing estates and plans to spend another $46 million, the Ministry of National Development (MND) said yesterday. Since the Estate Upgrading Programme was
      338 words
    • Article, Illustration
      Lock icon ECB extends special cash measures to banks
      526 4 Bloomberg AP AFP [LONDON] European Central Bank (ECB) president Jean-Claude Trichet said yesterday that the bank will extend special measures to get ready cash to banks as it responds to the debt crisis that has engulfed the single currency zone. But his failure
      Bloomberg; AP; AFP  -  526 words
  • Page 2 Advertisements
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      206 3 Porsche recommends Mobil n For more information please visit www.porsche.com.sg Over 28,000 race victories. Over 60 years of innovative sportscar ideas. 911 reasons for a test drive. The Porsche 911. Many manufacturers build sportscars. But what makes a sportscar a 911? The answer lies in the Ing.' which is reflected
      206 words
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      258 4 IplNUS National Universitv Master of Science in Quantitative Finance (by course work) Offered by Department of Mathematics with the cooperation of Department of Economics and Department of Statistics Applied Probability OBJECTIVE To provide advanced training in quantitative finance for the students and to prepare them for rewarding careers in the
      258 words
Page thumbnail Page 5
  • COMPANY NEWS
    • Article
      Lock icon Lapses in governance and controls at New Lakeside
      648 5  -  Audit review finds firm did not comply with listing rules, improper accounting By LYNETTE KHOO AN AUDIT review on New Lakeside has uncovered “serious deficiencies and lapses” in the group’s internal controls and corporate governance by its management. The Chinese apple juice
      648 words
    • Article, Illustration
      Lock icon Citadines debuts in Indonesia
      275 5  -  135-unit property is Ascott’s 15th of the brand in Asia-Pacific By UMA SHANKARI CAPITALAND’S wholly owned serviced residence business unit, The Ascott Limited, has opened its first Citadines serviced residence in Indonesia. The 135-unit Citadines Quartier Jakarta is Ascott’s 15th Citadines property to open in the
      275 words
    • Article
      Lock icon Sunpower wins $82m equipment supply deal
      383 5  -  By KAREN NG SUNPOWER Group Ltd, a Nanjing-based provider of heat transfer products and solutions, has clinched its biggest contract to date: an $82.4 million agreement to supply equipment to Jiangsu Zhongneng Polysilicon Technology Development. Under the terms of the deal, Sunpower’s unit will
      383 words
    • COMPANY BRIEFS
      • Article
        Lock icon MapletreeLog signs deal with JEP
        40 5 THE manager of Mapletree Logistics Trust said yesterday it has signed a put and call option agreement with JEP Precision Engineering to acquire its premises at 44 46 Changi South Street 1 for $16.8 million.
        40 words
      • Article
        Lock icon Darco wins orders worth $11m
        49 5 DARCO Water Technologies said yesterday it has secured orders from the industrial sector totalling about $11 million from 10 separate jobs. Four of the jobs amounting to a total of $9.6 million are for projects in Taiwan, with the rest from Singapore and Malaysia.
        49 words
      • Article
        Lock icon Super ups investment in Viet unit
        45 5 SUPER Group’s indirect subsidiary SCML Overseas has raised its investment in its wholly-owned subsidiary Super Coffeemix Vietnam by injecting US$2.5 million for 2.5 million shares. The extra investment is for construction of a packaging facility and working capital purposes.
        45 words
      • Article
        Lock icon Chemoil sells 1% stake to JV partner
        43 5 CHEMOIL Energy said yesterday it has sold one per cent of its shareholding in a joint venture company, Chemoil-Adani, to its joint venture partner Adani Global for US$123,471. Chemoil-Adani supplies marine fuels in India’s Gujarat state.
        43 words
    • Article
      Lock icon SATS shows great timing
      558 5  -  HOCK LOCK SIEW By NISHA RAMCHANDANI SINGAPORE Airport Terminal Services’ (SATS) efforts to beef up its portfolio through the acquisition of a major stake in Ja-pan-based airline caterer TFK Corporation seem to have been timed quite nicely. After confirming it was in talks last week, the
      558 words
    • Article
      Lock icon CPFIS funds return to positive growth in Q3
      487 7  -  Unit trusts gain an average 7.48% while ILPs grow an average 6.12% BY LYNETTE KHOO THANKS to the run-up in global equities and the modest gains in bonds last quarter, funds registered under the Central Provident Fund Investment Scheme (CPFIS) generated a
      487 words
    • Article
      Lock icon UniFiber deal to acquire two firms collapses
      396 7  -  By TEH SHI NING UNITEDFiber System’s proposed deal to buy two companies to grow its woodchip business has fallen through. The investor, whose share subscription was to help fund the purchase, could not accept conditions for the deal laid out by the Singapore
      396 words
    • Article, Illustration
      Lock icon Keppel Fels wins US$360m jackup order
      369 7  -  By LYNN KAN SHIPYARD Keppel Fels will build two proprietary jackup rigs totalling US$360 million for a Mermaid Maritime affiliate, Asia Offshore Drilling (AOD). As part of the deal, AOD may exercise options for another two similar rigs to be built by Keppel Fels.
      369 words
    • Article
      Lock icon Morgan Stanley said to sell stake in CICC
      595 7 Bloomberg MORGAN Stanley is selling its 34.3 per cent stake in China International Capital Corp (CICC) to Kohlberg Kravis Roberts Co (KKR), TPG Capital, Singapore’s Great Eastern Holdings Ltd and the island nation’s sovereign wealth fund, four people with direct knowledge of
      Bloomberg  -  595 words
    • Article
      Lock icon Substantial shareholder cuts Sabana Reit stake
      342 7  -  Moore Macro Fund might have sold the shares at a loss IPO WOES Reports by KAREN NG THE first Syariah-compli-ant Reit here, Sabana real estate investment trust (Reit), yesterday saw a substantial shareholder reduce its stake. In regulatory filings with the Singapore Exchange, Moore
      342 words
    • Article
      Lock icon Stabilising manager buys more of Amtek
      219 7 MORGAN Stanley yesterday said that it had bought 2.03 million Amtek Engineering shares at prices ranging from $1 to $1.04. The purchase follows the acquisition of 8.28 million shares at $0.99 to $1.05, which the stabilising manager announced on Wednesday, also in filings with
      219 words
    • Article, Illustration
      Lock icon November market activity eases
      424 8  -  Turnover value falls 9.9% and volume slides 17.8% from October amid year-end correction By JAMIE LEE MARKET turnover value and volume in November eased over the month amid the year-end correction. For the month, turnover value fell 9.9 per cent to $40.4 billion compared with $44.8
      BLOOMBERG FILE PHOTO  -  424 words
    • Article
      Lock icon Peter Lim mops up over 91% of Thomson Medical
      295 8  -  By CHEN HUIFEN THE route towards a delisting from the Singapore Exchange (SGX) appears to be set for Thomson Medical Centre, whose public float has fallen below the 10 per cent threshold required for continued listing. By yesterday, its new owner
      295 words
    • Article
      Lock icon Wilmar buys 20% of M’sian flour mill FFM
      332 8  -  And it will sell 20% of some China units to FFM subsidiary By JAMIE LEE WILMAR International would spend RM378 million (S$157.2 million) to buy 20 per cent of Malaysian flour mill operator FFM Berhad, a subsidiary of Wilmar’s single-largest shareholder PPB
      332 words
    • Article
      Lock icon A forum for independent, conflict-free research
      560 8  -  By JAMIE LEE A NEW Singapore-based organisation has been set up as the first trade body in Asia to aggregate independent investment research from the region. The Asian Association of Independent Research Providers or Asia IRP has also noted a growing demand for independent
      560 words
  • Page 5 Advertisements
Page thumbnail Page 6
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Traders sell into strength as US rallies
      565 6  -  The ST Index bounced initially, but later encountered pressure, while turnover stayed low STOCKS R SIVANITHY Senior Correspondent OUR column yesterday said the 37-point jump the Straits Times Index enjoyed on Wednesday was thanks to a programme buy ahead of a Wednesday push
      Source: Bloomberg  -  565 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 3 5 0 0 0 9 3 5 Manufacturing 69 42 66 5 7 11 74 49 77 Commerce 21 11 23 5 2 3 26 13 26 Tpt/Stor/Comms 14 11 19
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 25,668 25,668 89,420 89,420 Manufacturing 308,699 96,362 405,061 330,660 2,420 333,080 Commerce 70,182 40,879 111,061 142,405 4,383 146,788 Tpt/Stor/Comms 99,949 1,095 101,044 189,285 236 189,521 Finance 23,942 50 23,992 219,114 7 219,121 Construction 38,189 13,026
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 6 Stock name Close Change CapMallsAsia 1.990 +0.020 CapitaLand 3.690 +0.030 CapitaMall 1.960 +0.050 CityDev 12.320 -0.300 ComfortDelGro 1.540 +0.020 DBS Grp 14.060 +0.040 F&N 6.370 +0.160 Genting SP 2.040 +0.010 Golden Agri 0.750 +0.010 HK Land 7.300 +0.340 JMH 45.200 +0.520 JSH 26.660 +0.260 Jardine C&C
      111 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Dec 2 VALUE CLOSE BT OB/OS -289.00 +185.0 BT CADI -*****.00 +103.0 BT 10-day MA -*****.00 -29.00 FTSE ST Mid Cap 800.76 +6.32 FTSE ST Small Cap 574.74 +4.74 FTSE ST All Share 791.05 +4.48 FTSE ST China Top 294.83 +3.86 FTSE ST China 332.85 +5.38 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME GuangzhaoIFB 91,665,000 Genting SP 76,997,000 Jade Tech 67,772,000 Golden Agri 49,391,000 MDR 45,679,000 Vallianz Hldgs 28,829,000 TopGlobal W*****9 28,638,000 CapitaLand 24,781,000 Amtek 24,544,000 Noble Grp 24,490,000 VALUE($) Genting SP 157,318,670 CapitaLand 91,360,790 Wilmar 85,566,080 DBS Grp 62,503,140 UOB 61,534,252 OCBC Bk 60,832,532 Noble Grp 51,208,950 Keppel
      58 words
    • BROKERS’ TAKE
      • Article
        Lock icon Oil and gas sector
        395 6 gas OCBC INVESTMENT RESEARCH, Dec 2 BACK in positive territory ever since Gulf of Mexico oil spill: The FTSE Oil and Gas index broadly tracked the STI till late April, then divergence emerged when the oil and gas index underperformed the broader market, mainly due to
        395 words
      • Article, Illustration
        Lock icon Cosco Corporation (S) Ltd
        484 6  -  Compiled by JOYCE HOOI Dec 2 close: $2.09 CIMB RESEARCH, Dec 2 COSCO has secured over US$110 million of shipbuilding contracts for three 82,500 deadweight ton (DWT) bulk carriers from European and Chinese ship owners. These contracts bring its YTD orders to US$1.7 billion, within our
        Source: Bloomberg  -  484 words
    • Article, Illustration
      Lock icon Reports of ECB bond buying lift euro versus dollar
      511 6 CURRENCIES Reuters [NEW YORK] The euro rose in volatile trading yesterday, boosted by reports that the ECB was buying eurozone bonds after its president Jean-Claude Trichet disappointed investors by not announcing an aggressive bond-buy-ing programme. The common currency, however, should remain
      Reuters; BLOOMBERG  -  511 words
    • Article
      Lock icon RISES
      114 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 597.8 3.5 DBXT DBCBLEB 10US$ 2352 393.3 14.6 DBXT AUD Bonds 5AU$ ***** 324.5 1.7 IS S&P500 ***** 264.8 1.7 DBXT MSKorea 10US$ 5426 217.6 3.2 IS DJ US Tech 6246 171.7 2.1 DBXT AUDMM 5US$ ***** 139.0 0.6 DBXT FTChina25
      114 words
    • Article
      Lock icon FALLS
      115 6 BY CENTS CLOSE DOWN DBXT AUDMM 5SG$ *****-165.0 -0.7 DBXT S&P Short 10US$ 4721-103.6 -1.6 OCBC Bk 4.5%NCPS 100 ***** -70.0 -0.7 CityDev 1232 -30.0 -2.4 CityDev.ES.1012 1240 -14.0 -1.1 Keppel Corp 1082 -14.0 -1.3 SIMSCI385MBePW*****1 28 -10.0 -26.3 TigerAir 183 -7.0 -3.7 Venture Corp 895 -7.0 -0.8 SPH
      115 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      76 7 k ORIS ■y ORIS Swiss Made Watches Since (ORIS! 1904 Enduring. Oris ProDiver Date GET A CHANCE rJ 1 pair air tickets tuuL 3 days 2 niykts FREE AND EASY stay iw Bali) Villa/ SemMuv with* auny pwduMt' of Of is ivaidv. 10 CONSOLATION PRIZES 8pc-Watch Box worth $200 each
      76 words
Page thumbnail Page 8
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      117 8 SINGAPORE ORIENTALIST 'ii uO W s. Classics Moderns Tribals Silks Antiques Collcctablcs Professional Cleaning Restoration Custom Made Consultation Asia's I st Largest Showcase of Hand Knotted Carpets IN ASIA rt-.'; Unbeatable Value [6.0x9.Oft] AGRA KILIM M w y? I m <- Unbeatable Value [7.0x10.0ft] AFGHAN KARGAHI Unbeatable Value [6.0x8.Oft] "l!5oO
      117 words
    • Advertisement
      Lock icon Page 8 Advertisements Column 2
      39 8 All about financing and profit and everything in between November/December issue out now! Available at all petrol stations (except Caltex) and all major bookstores To subscribe ($30 for six issues delivered to your office or home), please call 6388-3838
      39 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      87 9 Power in reser omp ly conditions. Ghost is engineered to be whisper-quiet, however much you exploit its newV12 engine. Effortless, yet rewarding driving is assured by the same advanced technology that creates the unique magic carpet-like ride. In every respect, Ghost embodies the power of simplicity. w n ROLLS IB!
      87 words
Page thumbnail Page 10
  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Hyflux’s Olivia Lum is E&Y Entrepreneur of the Year
      544 10  -  Awards’ first female winner to represent S’pore at world event in Monaco By FELDA CHAY HER story is one that would captivate any audience a child who grows up constantly worrying about putting food on the table, starts and builds up
      ARTHUR LEE  -  544 words
    • Article
      Lock icon Putting the buzz back into estates
      300 10  -  By LINETTE LIM ESTATEBUZZ, a new social networking platform for neighbours in the same block and estate to connect to each other, was launched yesterday. Its creators Fundsupermart.com co-founder Moh Hon Meng and former civil servant Soh Chong Kian invested some $300,000 of their
      300 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon MSJTC discusses ICJ ruling on Pedra Branca
        64 10 THE fifth meeting of the Malaysia-Singapore Joint Technical Committee (MSJTC) took place on Nov 29-30, when officials discussed the International Court of Justice judgment on Pedra Branca, Middle Rocks and South Ledge. Both sides reiterated their commitment to honour and abide by the
        64 words
      • Article
        Lock icon ION Orchard hosts customer care event
        76 10 ION Orchard yesterday hosted a Customer Centric-Initiative (CCI) Learning Journey attended by Lim Swee Say, Minister in the Prime Minister’s Office and NTUC secretary-general. The mall showcased its pioneering customer care initiatives to an audience of service leaders from the retail, hospitality and other
        76 words
      • Article
        Lock icon CozyCot collects bras for charity
        62 10 AS part of its ninth anniversary celebrations, CozyCot is inviting all women to help collect and donate their bras for less fortunate women in South-east Asia. CozyCot will also mobilise its massive database of 150,000 women to donate their bras, which will be collected at
        62 words
      • Article
        Lock icon Rajesh Kamat lauded by Enterprise Asia
        60 10 RAJESH Kamat, CEO of Colors TV and Group COO of Viacom18 has been named by Enterprise Asia, a non-government organisation for entrepreneurship, as one of the “Outstanding entrepreneurs of AsiaPacific for 2010” in recognition for his efforts to spearhead Colors TV to the leadership
        60 words
    • Article
      Lock icon November PMI expands
      341 10  -  Inflationary pressures seen in input prices sub-index By TEH SHI NING SINGAPORE’s manufacturing economy expanded a second straight month in November, with the key electronics sector posting growth again after two months of contraction. The purchasing manager’s index (PMI) rose 0.7 points from October’s 50.7 to 51.4
      341 words
    • Article
      Lock icon Ex-BP staff clarify remark on recent court ruling
      330 10 SIX former BP employees embroiled in a lawsuit with the oil giant clarified yesterday that a recent Singapore High Court ruling didn’t vindicate their claims that BP had taken out search orders to seize their personal computers and mobile phones for “unlawful”
      330 words
    • Article
      Lock icon CDL’s bid for EC site tops closest rival’s by 15.5%
      619 10  -  By KALPANA RASHIWALA CITY Developments Ltd’s top bid for an executive condo (EC) plot at Segar Road in the Bukit Panjang area at a state tender yesterday was 15.5 per cent higher than the next highest bid, from EL Development.
      619 words
    • Article
      Lock icon Bayer pumping $14.5m into cancer R&D
      374 10  -  Funding is to boost early diagnosis and treatment outcomes By NISHA RAMCHANDANI BAYER HealthCare Singapore, a subsidiary of Ger-many-based Bayer AG, is channelling $14.5 million towards research and development (R&D) activities here in a bid to enhance early diagnosis and treatment outcomes for cancer
      374 words
    • Article
      Lock icon AXA Research Fund awards grant to NUS
      205 10 THE AXA Research Fund will award 517,000 euros (S$904,079) to the National University of Singapore (NUS) to research the topic “biology of decision making under risk” over a period of three years. This is AXA Research Fund’s first grant to an Asian university.
      205 words
  • Page 10 Advertisements
Page thumbnail Page 11
  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Inflation hits Viet policy credibility: Amcham
      379 11 Bloomberg [HANOI] The credibility of Vietnam’s economic and monetary policy has been hurt by quickening inflation, plans for price controls and the currency regime, the American Chamber of Commerce said. “The government’s approach to economic and monetary policy has raised credibility and confidence issues,”
      Bloomberg; REUTERS  -  379 words
    • Article
      Lock icon Australian retail sales in October down 1.1%
      518 11 Quantum shreds hope for economic rebound in Q4 Reuters [SYDNEY] Australian retail sales suffered a shock 1.1 per cent drop in October, the biggest decline in 15 months and a blow to hopes for a revival in economic growth this quarter that sent
      Reuters  -  518 words
    • Article
      Lock icon Rate hike won’t hit baht: finance minister
      248 11 Reuters [BANGKOK] The Bank of Thailand’s interest rate rise this week could affect economic growth, but its impact on the baht should be limited, Finance Minister Korn Chatikavanij said yesterday The central bank surprised markets on Wednesday by raising its policy rate 25
      Reuters  -  248 words
    • Article
      Lock icon Capex at Japan firms up for 1 st time in 3 years
      514 11 But dip in overall demand due to strong yen clouds economic outlook Reuters [TOKYO] Japanese firms raised capital spending in the period July-September, for the first time in more than three years, but profit and sales growth slowed,
      Reuters  -  514 words
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      276 11 For the most outstanding minds, there should never be any obstacles to realising their full potential. The MIT-SUTD Dual Masters Degree Programme, offered in collaboration by the Massachusetts Institute of Technology (Ml'/) and the Singapore University of Technology and Design (.SUTD), aims to A support and promote outstanding researchers to
      276 words
Page thumbnail Page 12
  • MALAYSIA/INDONESIA
    • Article
      Lock icon M’sia corporate earnings jump 28% in Q3
      488 12  -  Transport sector, banks, telcos, media firms feature in brokers’ buy lists By PAULINE NG MALAYSIAN corporations delivered better-than-ex-pected earnings growth in the third quarter, with the transport sector leading the way on robust performances by AirAsia and Malaysia Airlines. Companies covered by Maybank
      488 words
    • Article, Illustration
      Lock icon Barclays sees M’sia polls later than sooner
      510 12  -  By S JAYASANKARAN THE increasing traction of Prime Minister Najib Razak’s economic transformation programmes could set the stage for a snap general election later, maybe 2012, rather than sooner. A Dec 2 Barclays Capital report “sensed a growing sense of urgency among policymakers
      AFP  -  510 words
    • Article
      Lock icon Surprise Thai rate hike turns heat on Indonesia
      381 12 Bloomberg [SINGAPORE] Thailand’s unexpected interest-rate increase may escalate pressure on Indonesia to follow suit after inflation accelerated in the world’s fourth-most populous nation. Thailand brought to three the number of boosts to borrowing costs in the South-east Asian nation this year, matching
      Bloomberg  -  381 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      462 12 Tis the season to shine and Paragon is glittering with all things bright and beautiful. From dramatic one-of-a-kind statement pieces to designs that exude quiet elegance, our jewelers will dazzle with their brilliant constellations of diamonds, gems and precious stones. Dressing up a party dress or gift giving, it's the
      462 words
Page thumbnail Page 13
  • GREATER CHINA
    • Article, Illustration
      Lock icon Key rate rises as banks wary of tightening
      517 13 Lenders hold back in case of rate hike or rise in reserve requirements Reuters [SHANGHAI] China’s benchmark short-term money market rate edged up 0.31 per cent yesterday, extending its recent spike as banks sat on their funds, factoring in the possibility of
      Reuters; AP  -  517 words
    • Article
      Lock icon Put bank savings into shares: central bank adviser
      497 13 Li Daokui also wants China to let more funds be invested abroad Bloomberg [SHANGHAI] China should channel its high level of savings from banks to the stock market in order to avoid risks to the financial system and further develop the capital
      Bloomberg  -  497 words
    • Article, Illustration
      Lock icon IMPERIAL CRANES GIVE CHRISTIE’S A LIFT
      77 13 Bloomberg [HONG KONG] Hong Kong billionaire Joseph Lau’s HK$129.5 million (S$21.9 million) purchase of two pairs of imperial crane statues lifted Christie’s International to its highest Hong Kong auctions total, driven by Chinese buyers. The five-feet-high (1.5-metre-high) imperial cranes Mr Lau bought on Wednesday
      Bloomberg; REUTERS  -  77 words
    • Article
      Lock icon Aluminium shortage seen in 2014: Mytilineos
      476 13 Reuters [ATHENS] Growth in China and other emerging economies may lead to commodity shortages in the coming years, said Evangelos Mytilineos, chief executive of south-east Europe’s biggest aluminium smelter. “The super-cycle is still in place. The Chinese economy, the locomotive of the world commodities
      Reuters  -  476 words
    • Article
      Lock icon Gold imports in first 10 months up 5-fold
      297 13 Bloomberg [BEIJING] China’s gold imports jumped almost fivefold in the first 10 months from the entire amount shipped in last year as concern over rising inflation increased its appeal as a store of value, said the Shanghai Gold Exchange. Imports have risen
      Bloomberg  -  297 words
    • Article
      Lock icon Aussie CEO in China charged with fraud
      209 13 Bloomberg [SHANGHAI] China charged businessman Matthew Ng with embezzlement on Nov 30, the Department of Foreign Affairs and Trade in Australia said in an e-mailed statement yesterday. Mr Ng, 44, was detained by police in the southern Chinese city of Guangzhou on Nov
      Bloomberg  -  209 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      88 13 L/iOSEA2010 V J The IBtti International Oil Gas Industry Exhibition Conference SINCE 1976 www.osea-asia.com 30 Nov 3 Dec 2010 Suntec Singapore Exhibition Opening Hours: 10.30am 6.00pm Ft H WbH I LJTIfR f uft jam WWM *1* mm \Y > Z"'f "K! T Last day! Level 3 Conference and Press Registrations
      88 words
Page thumbnail Page 14
  • INDIA
    • Article, Illustration
      Lock icon India’s food inflation dips to 18-month low
      549 14 Further easing seen, with rate expected to settle at around 6% by end-March Reuters [NEW DELHI] India’s annual food inflation eased to its lowest level in 18 months in the year to Nov 20, pressed down by lower prices of potatoes, pulses and
      Reuters; REUTERS  -  549 words
    • Article
      Lock icon Telecom scandal may put off investors
      412 14 Worry is regulatory uncertainty, more than corruption Reuters [MUMBAI] The number may be huge up to US$39 billion lost in one of India’s biggest corruption cases but the damage to India’s position as an investment star may be in the regulatory backlash. Even by
      Reuters  -  412 words
    • Article
      Lock icon Premji donates billions for rural education
      245 14 AP [NEW DELHI] Indian technology mogul Azim Premji has announced he will donate nearly US$2 billion to fund education and development programmes in India’s villages in one of the largest charitable donations in the country’s history. Mr Premji, chairman of Wipro Ltd, India’s third-larg-est
      AP  -  245 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      2317 14 BEATS BUY IT• SELL IT• FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BEE TONG TRADING COMPANY PTE LTD COMPANY REGISTRATION NO. *****0911M (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY WAS HELD AT 38 SOUTH
      2,317 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 2
      439 14 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF CAMARO INTERNATIONAL PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****3501G) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of the abovenamed company duly convened and held at 1
      439 words
Page thumbnail Page 15
  • BANK OF AMERICA
    • Article, Illustration
      Lock icon BOA’s Merrill buy showing results in Asia
      1813 15 It catches up rapidly in M&As and IPOs by offering a full suite of products Bloomberg [HONG KONG] BANK of America is headed for its best year advising on mergers and acquisitions in Asia-Pacific since 2005, and arranging initial public offerings since 2007,
      Bloomberg; AFP  -  1,813 words
    • Article
      Lock icon Fed tapped for billions in short-term facility
      544 15 Bloomberg [NEW YORK] Bank of America Corp and Merrill Lynch Co sold US$22.9 billion of commercial paper to the Federal Reserve in October 2008, days after the two companies received US$25 billion in US bailout funds. The Fed bought US$7.96 billion of three-month
      Bloomberg  -  544 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      22 15 SCHOOL STORIES What makes Indian schools tick? TALKING BEAUTY WITH SUDEEPA GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)
      22 words
    • Advertisement
      Lock icon Page 15 Advertisements Column 2
      1177 15 :*ATci NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF COMPAQ ASIA FULFILLMENT CENTER PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****2207Z NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that a Final Meeting of the
      1,177 words
Page thumbnail Page 16
  • WORLD
    • Article, Illustration
      Lock icon Asia property a draw despite cooling moves
      914 16 Returns may slacken in 2011, but beyond that price growth is expected to resume Reuters [SINGAPORE] Asian governments have imposed a raft of measures aimed at preventing their property markets from taking off too quickly, but the region still offers investors some of
      Reuters; BLOOMBERG  -  914 words
    • Article
      Lock icon Rising yen hikes living costs for expatriates
      447 16 AFP [SINGAPORE] The stronger yen has made Japanese cities even more expensive for expatriates to live in and their cost gap with other Asian locations is widening, a global survey showed yesterday. Tokyo, Nagoya, Yokohama and Kobe dominate the list of the five
      AFP  -  447 words
    • Article
      Lock icon Extend Kyoto cuts, Japan told
      371 16 Cancun will fail if Tokyo breaks its pledge, warns G-77 Reuters [CANCUN, Mexico] Developing countries accused Japan on Wednesday of breaking a pledge to extend a UN pact for fighting global warming beyond 2012 and said that climate talks in Mexico would fail unless Tokyo
      Reuters  -  371 words
    • Article
      Lock icon Ex-banker admits to rigging bond contract bids
      247 16 Bloomberg [NEW YORK] A former JPMorgan Chase Co banker pleaded guilty to rigging bids for municipal bond investment contracts, becoming the eighth person to admit joining the big-gest-ever conspiracy in the US$2.8 trillion market’s history. James Hertz, whom the Justice Department said worked
      Bloomberg  -  247 words
    • Article, Illustration
      Lock icon US car market on road to recovery
      606 17 Industry sales were up 16.9% for November compared with a year ago AP [DETROIT] After a year of watching car sales slowly increase month by month, industry executives are finally willing to firmly declare that the US market is in recovery. People who
      AP  -  606 words
    • Article
      Lock icon Obama restores Gulf drilling ban, cites BP
      323 17 AP [WASHINGTON] BP’s oil well in the Gulf of Mexico is dead, but the political fallout is very much alive. The Obama administration says it will not open new areas of the Atlantic seaboard and eastern Gulf of Mexico to drilling, reversing a
      AP  -  323 words
    • Article
      Lock icon BOJ to review loan scheme for industries
      349 17 Too early to decide if plan to boost demand needs to be expanded: official Reuters [TOKYO] The Bank of Japan needs more time to assess the effect of its loan scheme targeting growth industries, its deputy governor said, a day after a fellow
      Reuters  -  349 words
    • Article, Illustration
      Lock icon World’s top IPOs this year took place in Asia
      908 24 Investors want exposure to region’s markets because of its stellar growth NYT [HONG KONG] Asian stock exchanges have seen it all this year: a bank whose customer base is larger than the population of the United States, a French cosmetics maker,
      NYT; REUTERS  -  908 words
    • Article
      Lock icon Index of pending home resales up 10% in Oct
      358 24 Market in recovery phase but will take years, say analysts Bloomberg [WASHINGTON] More Americans unexpectedly signed contracts to buy previously owned homes in October, easing concern that the absence of government support is destabilising the housing market. The index of pending
      Bloomberg  -  358 words
    • Article
      Lock icon Another wave of defaults seen
      344 24 Bloomberg [LONDON] Higher interest rates and refinancing risks will likely prompt a “second wave of defaults” in Europe in 2012 and 2013, particularly among leveraged buyouts, according to Standard Poor’s. The 12-month European default rate may rise to as high as 7.5 per cent in
      Bloomberg  -  344 words
    • Article
      Lock icon US banks face huge bills to fix foreclosures
      515 24 Reuters [WASHINGTON] US banks will have to cope with big costs to clean up their foreclosure practices, with some lenders also facing “significant exposure” to investor demands that they buy back faulty mortgages, a top Federal Reserve official said on Wednesday. Fed
      Reuters  -  515 words
    • Article
      Lock icon WikiLeaks turns guns to corporates
      330 24 Reuters [LONDON] Whistle-blowing website WikiLeaks, which is causing an international storm over its release of confidential diplomatic cables, has said that it would soon publish disclosures from the corporate world. “I believe that in the future we are going to have more material that is
      Reuters  -  330 words
    • Article, Illustration
      Lock icon Severe weather disrupts travel in Europe
      478 24 Bloomberg Reuters [LONDON] Severe winter weather disrupted travel across Europe yesterday as airports at cities including London and Edinburgh remained shut, and Eurostar trains operated a limited service amid heavy snowfall and freezing temperatures. London’s Gatwick airport, the UK’s second busiest, will remain closed
      Bloomberg; Reuters; REUTERS  -  478 words
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      782 16 GATES A.E. HYDRAULICS PTE. LTD. (the “Company”) (Incorporated in the Republic of Singapore) (Company/UEN Registration No. *****5358M) NOTICE NOTICE IS HEREBY GIVEN pursuant to Section 76(10)(h) of the Companies Act, Chapter 50 of Singapore (the “Companies Act”), that at an Extraordinary General Meeting of the Company deemed to have been
      782 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      55 17 www.hybridmotors.com.sg Luxury M P V S U V H Y B R ID A m mil OF a i rx 2000 VERSION b Y5H Nfo A ESTlrtR 2006 VERSION 1990 VERSION 2011 VERSION ESTIMA AERAS 20TH ANNIVERSARY VERSION DEBUT! Equipped with Singapore's 1st One-Touch Sliding Door Control HYBRID MOTORS 5
      55 words
Page thumbnail Page 18
  • E&Y ENTREPRENEUR AWARDS
    • Article, Illustration
      Lock icon Making waves with her determination
      1770 18  -  From humble beginnings to becoming the CEO of a successful company, Hyflux’s Olivia Lum has come a long way, reports FELDA CHAY FELDA CHAY IT’S hard to find a story on entrepreneurship and success that is as compelling as that of Hyflux and the woman
      1,770 words
    • Article, Illustration
      Lock icon Fortune favours the bold
      1282 20  -  Guts, good partners, family support, hard work, and a map turned Q&M into Singapore’s largest private dental healthcare provider, reports FELDACHAY FELDA CHAY IT WAS a bold step that some might consider foolhardy, but selling his home to raise funds for his first clinic proved to
      1,282 words
    • Article, Illustration
      Lock icon Knowing your strengths and playing to them pays off for ACR
      1060 20  -  The reinsurance company is an example of how identifying a gap within an industry, and plugging it, is important to building a successful business, reports FELDACHAY FELDA CHAY REINSURANCEcompanyACR Capital Holdings was just into its second financial year when
      1,060 words
    • Article, Illustration
      Lock icon Taking the entrepreneurial plunge
      997 20  -  It is very important that an entrepreneur first develops the right attitude and mindset toward entrepreneurship, says INDERJIT SINGH INDERJIT SINGH The writer is chief execu tive of Infiniti Solutions Ltd and deputy chairman of the Action Community for Entrepreneurship (ACE) WE ARE living in exciting
      997 words
    • Article, Illustration
      Lock icon Encouraging innovation key to sustaining growth
      1037 22  -  Successful entrepreneurs know that innovation is too important to leave to chance, says STEVEN PHAN STEVEN PHAN The writer is Ernst Young’s Singapore country managing partner and Asean sub-area managing partner THE Sony Walkman was a revolutionary product that changed the way people listen
      1,037 words
    • Article, Illustration
      Lock icon Financing for entrepreneurs
      959 22  -  A private banker becomes a conduit through which clients can access a range of specialists that meet the complex financing and growth requirements of the business, says DIDIER VON DAENIKEN DIDIER VON DAENIKEN The writer is chief execu tive of Barclays Wealth Asia-Pacific. Barclays Wealth is the
      959 words
    • Article, Illustration
      Lock icon Engaging the Facebook generation
      914 22  -  Govts need to take the initiative and embrace social media, says ADAIRE FOX-MARTIN ADAIRE FOX-MARTIN The writer is senior vice-president of industry business solutions at SAP Asia-Pacific Japan IF FACEBOOK were a country, it would be the third-most populated after China and India. With more than
      914 words
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      389 18 Q&M Ernst Young Entrepreneur Of The Year 2010 (Healthcare Services) Dr Ng Chin Siau, CEO of Q M Dental Group (Singapore) Limited Ult is my honour to receive this prestigious award, which I would like to share with our Board, management, dentists and staff of Q M Dental Group. I
      389 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      344 19 m IV 8 M ■a m vHMBII "i mm SS&S '< ft? v.- a K*$8 as m ill Sill ill s j SB Wm Mi .C 1 ■'■•'A I v; i r.,', mm. mm V," v 1 Big I --.fL' 111 81 v --1 a r v r, s I
      344 words
Page thumbnail Page 20
Page thumbnail Page 21
Page thumbnail Page 22
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      960 23 Redefining Asian reinsurance from the ground up 4 4 ACR has dedicated the past four years to building up our Asia-focused capabilities from the ground up. I dedicate this award to our 300 employees across Asia whose collective sector knowledge and industry-leading expertise form the foundation of ACR's unique pan-Asian
      960 words
Page thumbnail Page 24
Page thumbnail Page 25
  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon New air cargo security rules coming in Jan
      387 25  -  ICAO proposals envisage screening even before cargoes reach the airport By VEN SREENIVASAN [SINGAPORE] New guidelines for global air cargo security should be ready and rolled out by early next year, once all governments give their feedback on the International Civil Aviation
      387 words
    • Article
      Lock icon Isle of Man flag registry tops poll by shipowner groupings
      242 25  -  By JOYCE HOOI [SINGAPORE] The Isle of Man’s ship registry has topped a flag survey by international shipowner organisations. It emerged free of any negative performance indicators in a recent survey carried out jointly by The Baltic and International Maritime
      242 words
    • Article
      Lock icon Malaysia seeks release of hijacked MV Albedo, crew
      287 25 AFP [KUALA LUMPUR] Malaysia says that it is taking steps to secure the release of a Malaysian-flagged cargo ship and its 23 crew seized by Somali pirates last week in the Indian Ocean. The MV Albedo container vessel was en route from
      AFP  -  287 words
    • Article
      Lock icon US Air Force sticking to refuelling contest
      299 25 Reuters [NEW YORK] US Air Force officials on Wednesday reiterated their confidence in a projected US$50 billion refuelling plane competition despite a document mix-up last month that gave confidential materials to rival bidders. It said that a contract award was still expected early
      Reuters  -  299 words
    • Article
      Lock icon TRANSPORT STOCKS
      278 25 SGX '000 Dec 2 S$ +/-Vol CH Offshore 0.48 unch 235 Chuan Hup Hldg 0.23 unch 189 Cosco Corp 2.09 0.03 ***** CWT Ltd 0.95 -0.01 1045 Ezra Hldgs 1.64 -0.02 6719 First Ship Lea 0.43 -0.01 488 Freight Links 0.08 -0.01 ***** Grand Banks unch unch 0
      278 words
    • Article, Illustration
      Lock icon A320 tweak puts pressure on Boeing
      747 25 But Boeing not committing yet to new engine for 737 Bloomberg [PARIS] Airbus SAS’s move to offer new engines for its A320 aircraft series is set to intensify competition with Boeing Co in the biggest part of the civil aviation market. Airbus unveiled its
      Bloomberg; REUTERS  -  747 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3288 25 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi KU6457 1230 SQ456 1245 SQ457 1230 EY470 2200 Adelaide LH9771 1745 9W4082 2220 SQ278 1745 AF8088 2220 VS7278 1745 BA7382 2220 --JL5083 2220 MU8214 2220 QF82 2220 LH9770 2350 SQ279 2350 VS7279 2350 Ahmedabad NH6293 0710 SQ531 0710 Amsterdam
      3,288 words
Page thumbnail Page 26
  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon American profligacy jeopardising US power
      1201 26  -  Things are going from bad to worse with the fiscal irresponsibility started in the Bush era By ROGER C ALTMAN, RICHARD N HAASS Roger C Altman is chair and CEO of Evercore Partners. He was US deputy treasury secretary in 1993-94. Richard N Haass is
      BLOOMBERG  -  1,201 words
    • Article, Illustration
      Lock icon Irish bailout, like Greece’s, is a gamble on confidence
      794 26  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group WHAT you need to know about Ireland’s economic crisis is that it’s not about Ireland: a small country of slightly more than four million people and an economy of roughly US$200
      The Washington Post Writers Group  -  794 words
    • Article
      Lock icon Time for ECB to up the ante
      507 26 EDITORIAL FIRST, it was Greece, then it was Ireland, and now the eurozone sovereign debt crisis threatens to engulf Portugal and perhaps even Spain and Italy. While the first three are relatively small, manageable cases under existing financial rescue mechanisms, the latter two
      507 words
    • Article, Illustration
      Lock icon Cloud computing – what next?
      1189 27  - Cloud computing what next? IDC says the cloud computing market here is growing at more than 40% every year By CHRIS WHITNEY The writer is director of HP Labs Singapore CLOUD computing holds the promise to fundamentally shift the way companies obtain software and computing capacity. Companies based in Singapore
      BLOOMBERG  -  1,189 words
    • Article, Illustration
      Lock icon Putting a real price tag on Korean reunification
      893 27  -  WILLIAM PESEK JR William Pesek is a Bloomberg News columnist. The opinions expressed are his own FRUSTRATION reigns as North Korea acts like a two-year-old having an epic tantrum. South Koreans are perturbed by their government’s impotence in the face of deadly
      REUTERS  -  893 words
    • Article
      Lock icon S’pore firms must be mindful of anti-bribery laws elsewhere
      557 27  -  LETTER TO THE EDITOR Mak Yuen Teen Associate professor NUS Business School Singapore THE report “Firms sweat over new UK an-ti-bribery laws” (BT, Dec 1) once again highlights the changing landscape our companies face as they do business overseas. The Telegraph
      557 words
Page thumbnail Page 27
Page thumbnail Page 28
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8967 28 Transaction date: Dec 2 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 3148 8Telecom 18 18 18.5 1.7 10.1 5.8 86.2 12 5 5834 A-Sonic 5 unch 295
      8,967 words
    • Article
      Lock icon SGX CATALIST
      1664 29 52-wks Tel Last Vol Day 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 5 4 5 27.8 4.8 225 130 6222 t APStrategic 165 +1 1 165 165 160
      1,664 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9450 29 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.3/ APS Alpha Fund (USD)!** 0.99/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.9044/0.9044 AXA Wealth Mgt S'pore Pte Ltd AXA WM
      9,450 words
    • Article
      Lock icon SGX ETF
      879 29 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 114 +1 50 115 114 111.5 113.5 520.4 1056 761 CIMBAsean40 100US$ US1006 +16 74 1006 1004
      879 words
    • Article
      Lock icon GLOBALQUOTE
      258 29 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 6000 AVJennings A51.5 -0.5 1 51.5 51.5 51.5 53.5 3.6 6.8 4.1 134.1 55 16 6017 Genting HK US$ US42 -1 ***** 44
      258 words
Page thumbnail Page 29
Page thumbnail Page 30
  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 30 In local curr In S$ In US$ dy yr dy yr dy yr Dec 1 Index Change Change Change Change Change Change World Index Preliminary 865.3 1.7 3.9 1.0 -2.9 1.8 4.0 EAFE Preliminary 777.7 1.7 -0.9 0.9 -7.8 1.7 -1.3 Europe Preliminary 1133.9 2.3
      374 words
    • Article
      Lock icon INTERBANK RATES
      180 30 Dec 2 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 1/16 US$ Offer Bid 7 days 0.35 0.25 1 month 0.42 0.32 2 months 0.45 0.35 3 months 0.48 0.38 6 months 0.55 0.45 9 months 0.80 0.60 12
      180 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      24 30 Dec 2 S$ Bid Offer 1-month 1.3109 1.3111 2-months 1.3109 1.3111 3-months 1.3109 1.3111 6-months 1.3109 1.3112 Source: OCBC Source: OCBC
      24 words
    • Article
      Lock icon SICOM FUTURES
      143 30 Dec 2 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jan 11 450.0 450.0 446.0 2 Feb 11 440.0 439.0 446.0 40 Mar 11 444.0 Apr 11 444.5 May 11 443.5 Jun 11 444.5 Jul 11 441.0 440.5 443.0
      143 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 30 Dec 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 03.03.2011 0.34 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 103.75 103.82 103.75 5-Year N*****0S 2.875 01.07.2015 107.31 107.50 107.32
      88 words
    • Article
      Lock icon CHICAGO BOT
      107 30 Dec 1 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 11 1283.00 1243.00 1284.00 1240.25 Mar 11 1291.50 1251.50 1292.25 1249.00 May 11 1293.00 1253.00 1293.75 1251.25 Jul 11 1296.00 1255.75 1296.25 1254.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 10 52.25
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 30 CRUDE OIL PRODUCTS Dec 1 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 87.57 0.91 WTI (Near Mth) 86.64 2.44 Dubai (1-Mth F) 84.30 -0.17 Tapis blend 91.55 0.15 Minas 86.80 0.10 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 88.33 -1.17 Jet Kerosene 98.05 -0.85 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2411 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 1.5 -0.5 390 1 3 -10 3.33 0 AFP Properties EW*****8 32.5 1 1498 1 10 -2 1.34 59 6221 Asia-Pacific Strategic W*****6 37 3
      2,411 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 30 Dec 02 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.308 1.234 Can dollar 1.311 1.261 Euro 1.751 1.684 Sterling pound 2.085 2.005 NZ dollar 1.009 0.961 US dollar 1.331 1.28 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon STOCK INDEX FUTURES
      27 30 Dec 2 Open High Sett STI Dec 3189 SIMSCI Dec 375.0 378.5 376.8 Taiwan Dec 303.4 307.1 306.0 Source: MF Global (S) Pte. Ltd
      27 words
    • Article
      Lock icon PALM OIL
      66 30 Dec 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 10 3580 3566 3585 3551 136 1506 Jan 11 3555 3535 3579 3530 1670 ***** Feb 11 3528 3500 3540 3486 ***** ***** Mar 11 3460 3453
      66 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      424 30 Dec 2 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6525 0 7457 Mar11 99.4650 0 7045 Jun11 99.3850 0 4029 Sep11 99.2950 0 2441 EUROYEN TIBOR FUTURES Dec10 99.6600 300 4588 Mar11 99.6525 99.6525 99.6525 99.6375 0 1456 Jun11 99.6250 0 1429 Sep11 99.6250 99.6250
      424 words
    • Article
      Lock icon INTERBANK CROSS RATES
      464 30 Dec 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.981 6.445 0.736 7.516 43.817 87.135 0.814 11.094 3.046 1.284 82.996 42.400 1.268 6.744 0.969 29.366 29.019 0.619 0.967 Canada 1.019 6.568
      464 words
    • Article
      Lock icon SIBOR
      85 30 Dec 2 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon PRECIOUS METALS
      139 30 Dec 2 GOLD (US$/oz) Dec 01 Dec 02 Hong Kong 1389.20 1391.30 Nov 30 Dec 01 London 1384.79 1386.70 1385.56 1387.60 Source: Thomson Reuters CAST BAR Dec 02 (S$) Selling Buying Kilobar 62,596.07 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 140 58 5gm 398 292 10gm 711
      139 words
    • Article
      Lock icon LONDON METALS
      69 30 Dec 1 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2320.75 2254.75 3 months 2340.00 2275.00 Copper, Grade A (US$/tonne) Cash 8648.50 8417.50 3 months 8585.00 8360.00 Lead (US$/tonne) Cash 2250.25 2214.00 3 months 2270.00 2230.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 30 Dec 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2675 1.2684 0.9669 0.9674 Canadian dollar 1.2915 1.2926 0.9852 0.9859 Euro 1.7221 1.7228 1.3137 1.3140 NZ dollar 0.9871 0.9886 0.7530 0.7540 Sterling pound 2.0467 2.0475 1.5613 1.5617
      154 words
    • Article
      Lock icon LIFFE
      84 30 Dec 1 COCOA (£/tonne) Close Prev High/Low Dec 10 1847 1892 1900/1845 Mar 11 1863 1904 1913/1853 May 11 1880 1918 1927/1872 Jul 11 1896 1933 1929/1890 COFFEE (US$/tonne) Close Pev High/Low Jan 11 1800 1789 1818/1767 Mar 11 1816 1809 1830/1785 May 11 1838 1833 1852/1807 Juy 11
      84 words
    • Article
      Lock icon . THE BUSINESS TIMES SHIPPING TIMES
      5733 31 THE BUSINESS TIMES SHIPPING TIMES 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.
      5,733 words
Page thumbnail Page 31
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Lock icon Page 32 Advertisements Column 1
      28 32 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
      28 words
Page thumbnail Page 33
  • Page 33 Advertisements
    • Advertisement
      Lock icon Page 33 Advertisements Column 1
      150 33 CELEBRATE CHRISTMAS WITH VINTEC ENJOY 1 OFF 15% All Models <-o o v-v e e r I 'VV v T***** 9 •> r t i KN i i v 1 I am totally delighted with my Vintec wine cabinet; it combines elegance and functionality of the highest order, yy JAMES
      150 words
  • executive lifestyle
    • MUSIC/PURSUITS
      • Article, Illustration
        Lock icon Sleight of old hands
        854 33  -  Stalwarts who do what they know best can still enthral, says CHRISTOPHER LIM CHRISTOPHER LIM IT IS hard for veteran musicians to keep coming up with new stuff after decades in the business, and it can be even more challenging for those who have been out
        854 words
      • Article, Illustration
        Lock icon Chinese splash out on lavish labels
        925 33  -  By A CRAIG COPETAS Bloomberg IT LOOKED to be just another humdrum barrel of wine rolled out at last week’s 150th Hospices de Beaune, the annual charity auction that historically sets the benchmark price for French Burgundy. “Very fruity,” was the verdict of Christie’s
        Bloomberg; BLOOMBERG  -  925 words
      • Article, Illustration
        Lock icon Move with the times
        852 33  -  GAMING REVIEW By LEE KIM SIANG AFTER months and months of hype from Sony, the PlayStation Move is finally available to gamers here. With so much expected fromSony’slatestbaby,willit realiseits undoubted potential or flounder in the wake of Microsoft’s Kinect? The PlayStation Move system consists of the
        852 words
    • ARTS
      • Article, Illustration
        Lock icon Local acts pool strengths
        1515 34  -  Home-grown stars fight for their share of the concert pie, reports CHRISTOPHER LIM CHRISTOPHER LIM Local English musical and classical acts both have this in common they need all the help they can get when it comes to competing for concert-goer dollars against international acts. Joining
        1,515 words
      • Article, Illustration
        Lock icon Dance realm’s chick flick
        574 34  -  By LYNN KAN RIVERDANCE is pretty much the chick flick equivalent of the dance world. It’s the sort of guilty pleasure-watching that dance buffs shouldn’t be quick to gush over, lest they be scoffed at for having populist tastes. However, there’s obviously value in chick flicks
        PHOTOS: YEN MENG JIIN  -  574 words
      • AROUND TOWN
        • Article, Illustration
          Lock icon Return of Cinderel-lah!
          133 34 CINDEREL-LAH! was theatre company Wild Rice’s first musical pantomime in 2003, setting the stage for the much-awaited annual pantomime show for the festive season. Wild Rice is bringing it back to the stage: a bigger and updated version (right) to reflect Singapore’s present realities like an evil
          133 words
        • Article
          Lock icon Solo Makcik play
          224 34 Ahmad Musta’ain Bin Khamis, 23, who won Theatreworks’ 24-Hour Playwriting Competition this year is staging his winning play, Serunding, this weekend and next. If you want to get away from the shopping crowd at Orchard, and take in a bite-sized drama from a new playwright, trot down
          224 words
        • Article
          Lock icon Penguins at Jurong Bird Park
          154 34 The Jurong Bird Park launches Penguin Coast, an exciting habitat that houses six species of penguins and gives visitors the feel of penguin-sighting adventures on the high seas during the Age of Exploration. Designed to resemble a seafaring vessel, the interior of the new Penguin
          154 words
        • Article, Illustration
          Lock icon Artists in the family
          174 34  -  By CHEAH UI-HOON Last year, when artist Tan Ping Chiang was thinking of ways to have a meaningful celebration of his 70th birthday this year, he came up with the idea to hold a joint exhibition with his family. His wife Tan Siew Hong also studied
          174 words
      • Article, Illustration
        Lock icon Rustic retrospective
        1028 36  -  The portrayal of Malay kampungs through a Chinese art form speaks volumes for Lim Tze Peng’s body of work, says WOON TAI HO WOON TAI HO LIM Tze Peng is Singapore’s oldest surviving artist from the “second generation” of the Republic’s pioneers, and one of its best known.
        1,028 words
    • FESTIVALS AROUND THE WORLD
      • Article, Illustration
        Lock icon Afloat in a city of lights
        991 35  -  For many Thais, Loy Krathong is a time to let go of all that is negative in their lives and to embrace renewal. By JOYCE HOOI By JOYCE HOOI THAILAND’S Loy Krathong or Loi Krathong festival, celebrated with fireworks and general merriment, actually has
        REUTERS; REUTERS, AFP  -  991 words
    • CINEMA
      • Article, Illustration
        Lock icon Sanctuary in a time before Quidditch
        602 37  -  A ship of dreams takes the viewer into the beyond in The Chronicles of Narnia: The Voyage of the Dawn Treader, says GEOFFREY EU GEOFFREY EU THE third instalment of The Chronicles of Narnia offers a pleasant respite from the all-pervasive Potter-mania that is
        PHOTOS: TWENTIETH CENTURY FOX  -  602 words
      • Article, Illustration
        Lock icon Anime's pervasive influence bridges East-West divide
        477 37  -  DVD REVIEW By CHRISTOPHER LIM JAPANESE and Western animation have always had contrasting visual styles. That’s especially been the case with American comic book adaptations, which continue to draw their visual inspiration from vintage comics in contrast with Japanese anime, whose traditional hand-drawn styles
        477 words
      • Article, Illustration
        Lock icon Fluffy rom-com’s Thai high
        545 37  -  By DYLAN TAN IT’S fluffy and corny but somehow Thai romance-comedy Hello Stranger also ends up being very entertaining, mostly thanks to the charming chemistry between the two lead stars Chantavit 'Ter' Dhanasevi and Neungthida 'Noona' Sophon. Despite playing characters as different as chalk and cheese
        545 words
      • Article, Illustration
        Lock icon Local films debut in Laos
        545 37  -  By DYLAN TAN SINGAPORE films have been going places lately but it’s the first time they’re going to Luang Prabang, the former royal capital of Laos. The movies Kelvin Tong’s The Maid, Han Yew Kwang’s 18 Grams of Love and Royston Tan’s 881 have been
        545 words
    • Article, Illustration
      Lock icon Peggy in Perth
      1129 38  -  Small city Perth is poised to pull off an art coup in the region with a series of big world-class exhibitions over the next five years titled Great Collections of the World. It kicks off with the Peggy Guggenheim Collection from Venice, renowned for being a treasury
      1,129 words
    • Article, Illustration
      Lock icon Born into high art and adulation
      570 38 DRAMA surrounded Peggy Guggenheim’s life, some of it tragic, all of it fascinating. Her father, a wealthy American businessman, died on the Titanic. At 21, she inherited the equivalent of US$20 million (S$26 million) in today’s terms. She then volunteered as a clerk at
      570 words
Page thumbnail Page 34
  • Page 34 Miscellaneous
    • Miscellaneous
      Lock icon Page 34 Miscellaneous Column 1
      310 34 CRYPTIC CROSSWORD Across 1 Series of actions for engineer attached to steamship (7) 9 A metal found in choice precious metal (8) 10 Run and put the boot in (3-4) 11 Not to mention hindrance by solitary amateur included (3,5) 12 A letter reportedly used in acknowledgement (6) 13 Caustic
      310 words
Page thumbnail Page 35
  • Page 35 Advertisements
    • Advertisement
      Lock icon Page 35 Advertisements Column 1
      162 35 NOW DEFINING GLOBAL LIVING IN EUROPE f r r Jk Experience the comforts of our elegantly furnished serviced residences when you stay at any of our 44 serviced residences, located in the heart of 19 cities in Europe. Be it for business or pleasure, there is an Ascott serviced residence
      162 words
    • Advertisement
      Lock icon Page 35 Advertisements Column 2
      12 35 Brought to you by Ascott This series is brought to you by
      12 words
Page thumbnail Page 36
  • Page 36 Advertisements
    • Advertisement
      Lock icon Page 36 Advertisements Column 1
      318 36 WINE DINE AND HOSPITALITY TfiY A j 3*#-i Delicious December @Zenden! Indulge in mouth-watering delights every day of the month this festive season at Zenden restaurant! All prices are for adults unless stated otherwise. Discounted prices are for children aged 5 to 12. For reservations, please call Zenden at 6849
      318 words
Page thumbnail Page 37
Page thumbnail Page 38
Page thumbnail Page 39
  • Page 39 Advertisements
    • Advertisement
      Lock icon Page 39 Advertisements Column 1
      24 39 THE BUSINESS TIMES I S$1 .00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION co REGN NO *****2868E MICA(P) 138/08/2010 Friday, December 3,2010
      24 words
Page thumbnail Page 40
  • Page 40 Advertisements
    • Advertisement
      Lock icon Page 40 Advertisements Column 1
      276 40 Vorsprung durch Technik Innovation a new way of thinking WW i .y 1 .a. v v o <1 :S£ ■v? o o ."tv pr r i- I •t :=-rr :ll- I «S pi t a 4 -«w Is .t t *1 ,K Lower Car Background lighting Colour profile Ivory Polar
      276 words
Page thumbnail Page 41
  • Page 41 Advertisements
    • Advertisement
      Lock icon Page 41 Advertisements Column 1
      161 41 With the new Audi A8, function becomes fascination, design becomes art and performance and efficiency set new benchmarks, making the new Audi A8 the sportiest luxury sedan in its class. At its core is the latest generation high-strength lightweight aluminium Audi Space Frame® that is 40 percent lighter and helps
      161 words
Page thumbnail Page 42
  • Page 42 Advertisements
    • Advertisement
      Lock icon Page 42 Advertisements Column 1
      163 42 Audi Vorsprung durch Technik P if With the new Audi A8, s to create unimaginab m u iii ny, light becomes your inspiration and entertainment and comfort combine As you lie back on the naturat Valonea leather, beneath a panoramic sunroof, lulled by four-zone automatic air conditioning, you'll get a
      163 words
Page thumbnail Page 43
  • Page 43 Advertisements
    • Advertisement
      Lock icon Page 43 Advertisements Column 1
      410 43 Audi Vorsprung durch Technik The most innovative and progressive car we've ever built. The new Audi A8. Light years ahead LED Revolution The world's first full high precision LED headlights that 'think' for themselves and light up the road with clear-cut clarity, providing you with improved visibility and less strain
      410 words