The Business Times, 4 December 2010

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Microfilm: NL30983
Total Pages: 43
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    17 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg DECEMBER 4-5, 2010 S$1.00 MICA(P) 139/08/2010 S|il A SINGAPORE PRESS HOLDINGS PUBLICATION
    17 words
  • Article, Illustration
    Lock icon Sincere marks time to enter China and India
    806 1  -  With new partners and a big kitty, Tay Liam Wee unveils watch chain’s ambitious plans By Chuang Peck Ming peckming@sph.com.sg Singapore YOU can call it the second coming of Tay Liam Wee and it promises to be far grander than the first.
    ARTHUR LEE; PHOTO: AP  -  806 words
  • Article
    Lock icon Do it again and we’ll bomb you: South Korea
    406 1 Strong retaliation to North’s provocations won’t lead to full-scale war: defence minister Reuters Seoul SOUTH Korea yesterday threatened to bomb North Korea if it tries a repeat of last week’s attack, raising its rhetoric after the United States warned of an
    Reuters  -  406 words
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      171 1 the the MICHAEL AND SHOPPING The spirit of giving L4-5 the raffles conversation MICHAEL KOWALSKI, CHAIRMAN AND CEO OF TIFFANY 8-9 WEALTH It’s time to take stock 26-27 curb in credit No more easy money in China BEIJING orders a shift from easy credit to a “prudent monetary policy”, stepping
      171 words
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      11 1 45Swiss luxury watch veteran takes over as group MD, Page 15
      11 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon November job numbers darken mood of US economy
      386 2 Job increases come in below expectations, unemplyment rate up latest us data| Reuters Washington US EMPLOYMENT increased far less than expected in November and the jobless rate jumped to a seven-month high of 9.8 per cent, dampening hopes for a self-sustaining economic
      Reuters; AFP  -  386 words
    • Article
      Lock icon MARKETS
      140 2 Source: Bloomberg H STI 3,172.44 (-25.55) H STI FUTURES 3,163.00 (-26.00) H SIMSCI 374.55 (-2.21) H SIMSCI FUTURES 374.00 (-2.80) STOCKS Friday Change KL COMP 1,500.98 -2.24 NIKKEI 225 10,178.32 +9.80 HANG SENG 23,320.52 -128.26 SET 1,034.06 +2.09 JAKARTA 3,696.26 +1.68 MANILA 4,176.48 +27.58 KOSPI 1,957.26 +7.00 SHENZHEN B
      Source: Bloomberg  -  140 words
    • Article
      Lock icon No more easy money as China adopts prudent monetary policy
      462 2 Move comes as Beijing steps up fight against inflation AP [BEIJING] China’s leadership ordered a shift from easy credit to a “prudent monetary policy” yesterday as Beijing steps up its fight against inflation and tries to guide rapid growth to
      AP  -  462 words
    • Article, Illustration
      Lock icon A less volatile property market seen in 2011
      593 3  -  GLS programme adds record $9.4b to govt coffers in first 11 mths By Uma Shankari shankari@sph.com.sg Singapore BOOSTED by a buoyant property market, the Government Land Sales (GLS) programme has added a record $9.4 billion of revenue to the state coffers in
      ARTHUR LEE  -  593 words
    • Article
      Lock icon Government looks to free up more cellular spectrum
      481 3  -  By Winston Chai winstonc@sph.com.sg Singapore THE explosive take-up of mobile services has prompted local authorities to look into freeing up more cellular airspace, this time to cater to those who have yet to be bitten by the smartphone bug. The Infocomm Development
      481 words
    • Article, Illustration
      Lock icon National body says Tatler doc not a plastic surgeon
      660 4  -  ‘His qualifications do not allow him to be considered an accredited surgeon in Singapore’, says association By Michelle Quah michquah@sph.com.sg Singapore SINGAPORE’S official national body of plastic surgeons has written to The Business Times to say that Dr Amal Dass who
      SINGAPORE TATLER  -  660 words
    • Article, Illustration
      Lock icon Forbes Asia picks Tony Fernandes as its 2010 BOY
      589 5  -  AirAsia boss beats field that includes leaders of magazine’s Fabulous 50 firms By Ven Sreenivasan ven@sph.com.sg Singapore FORBES Asia has named AirAsia founder and CEO Tony Fernandes as its 2010 Businessman of the Year. Commenting on the award being conferred on
      AFP  -  589 words
    • Article, Illustration
      Lock icon High time more women got on boards
      440 5  -  By Linette Lim llinette@sph.com.sg Singapore AS women become richer and more educated, company boards should reflect the new realities, says gender consultant and author Avivah Wittenberg-Cox. She was in town this week to promote her new book, How Women Mean Business, a sequel
      440 words
    • Article, Illustration
      Lock icon Panel pushes Malaysia on market-friendly measures
      842 6  -  PM Najib unveils second part of the New Economic Model By Pauline Ng bt wo rl d @s p h .co m .sg Kuala Lumpur AN economic advisory panel has reiterated its call for Malaysia to exploit its comparative advantages by ditching outdated policies
      AFP  -  842 words
    • Article
      Lock icon Kuala Lumpur again cuts subsidies on fuel and sugar
      456 6  -  Aim is to pare budget deficit to a more manageable size By S Jayasankaran btworld@sph.com.sg Kuala Lumpur PRIME Minister Najib Razak began making good on his promises on the New Economic Model programme which stresses a high income economy based on
      456 words
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      58 2 CONTENTS NEWS Top Stories 2-6 Week In Review 7 Raffles Conversation 8-9 Companies 10-12 From The Desk Of 13 Singapore 14-15 World 16-18 Stocks Stats 19-23 Perspective 24-25 Wealth 26-28 Show Me Money 29 Househunt 30 Real Estate 31 LIVING Style L2-3 Shopping L4-5 Dining L6-7 Watches L8-9 Travel L10-11
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      182 3 B SINES FORECAST I 2(0)|| I CHICAGO BOOTH I ECONOMIC INSIGHTS FOR THE COMING YEAR L_ZI \Zs U U The University of Chicago Booth School of Business INFLATION. DEFLATION. NEW REGULATIONS. FOREIGN TRADE. WHAT IS GOING ON? For over 50 years, Business Forecast has provided a place to get your
      182 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK | Nov 29-Dec 3, 2010
      • Article, Illustration
        Lock icon N Korea threatens ‘sea of fire’ as China calms waters
        82 7 NORTH Korea has placed missiles on launch pads in the Yellow Sea and threatened to launch a “sea of fire” over South Korea’s military drills with the US. As tensions simmered, China stepped in to call for emergency talks and
        FILE PHOTO  -  82 words
      • Article
        Lock icon Collections healthy, so Budget may bring goodies
        58 7 COLLECTIONS for the government’s coffers have been greater thanexpected and FinanceMinister Tharman Shanmugaratnam is likely to offer at least some goodies when he presents the Budget early nextyear. “Government revenues have been higher than projected, so with luck the next Budget will bring
        58 words
      • Article
        Lock icon New rule may weigh on prices of luxury condos
        68 7 THE prices of luxury condos have continued to rise this year but a new rule may soon tie the hands of developers. Till now, many have picked their time to launch developments when sentiment is good and decent prices can be
        68 words
      • Article
        Lock icon Diplomatic nightmare as secrets come tumbling out
        64 7 WHEN Google was forced to quit China in January due to hacker attacks, it created an uproar in the US and elsewhere. It seems that a senior member of the Chinese Politburo typed his name into the global version of the search engine
        64 words
      • Article
        Lock icon Economists raise S’pore’s growth forecasts for 2011
        55 7 WITH 2011 just a month away, economists have raised their growth forecasts for the economy next year to beyond the official forecast range in some cases. A prime driver of this growth will be the services sector, even as the challenges of managing
        55 words
      • Article
        Lock icon Abhisit’s party survives dissolution case
        62 7 THAILAND’S ruling Democrat Party survived a controversial dissolution case on Monday, helping Prime Minister Abhisit Vejjajiva to avoid becoming the third leader to be forced out of office in three years. The Constitutional Court voted 4-to-2 in favour of acquitting the party of charges that
        62 words
      • Article
        Lock icon Firms sweat over new UK anti-bribery laws
        50 7 DOING business in the United Kingdom will become trickier come April next year when tough new an-ti-bribery laws take effect. Singa-pore-based companies with operations there are already seeking professional advice on how they can stay on the right side of the Bribery Act.
        50 words
      • Article
        Lock icon Come July, retiring civil servants can be re-hired
        55 7 The Public Service, Singapore’s largest employer, will offer re-em-ployment to workers who reach retirement age from July 2011. Delivering on earlier promises to take the lead in this, the Public Service Division has issued guidelines on re-hiring staff after they hit the
        55 words
      • Article
        Lock icon Rebounding economy rewrites contract hiring
        67 7 THE number of employees on term contracts has dipped for the first time in at least five years, though staffing companies say pockets of fresh contract hiring remain in sectors such as finance. Ministry of Manpower data on Tuesday shows that the number of residents
        67 words
      • Article
        Lock icon Appeals court hits RecordTV’s play button
        39 7 THE Court of Appeal has ruled in favour of Internet start-up RecordTV, which had been sued for copyright violations by MediaCorp for offering a service allowing viewers to watch the latter’s programmes online.
        39 words
      • Article
        Lock icon $500m leg-up for SMEs
        25 7 THE government on Thursday launched the first phase of its $1.5 billion public-private co-invest-ment fund for Singapore-based small and medium enterprises.
        25 words
      • Article
        Lock icon Nose job twist takes doc from Tatler to court
        46 7 THE price of beauty has turned out to be painfully high for a fashion industry insider, who is suing hissurgeon– husbandof model Junita Simon for a botched nose job that allegedly caused him three years of suffering.
        46 words
    • NEXT WEEK | Dec 06-Dec 10
      • Article
        Lock icon US DATA
        25 7 Dec 9 10am Oct Wholesale sales Dec 10 8.30 am Nov import prices 8.30 am Oct Trade balance 9.55 am Dec Consumer confidence
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      • Article
        Lock icon SINGAPORE DATA
        7 7 Dec 7 Nov international reserves
        7 words
      • Article
        Lock icon EVENTS
        57 7 Dec 6 WASHINGTON South Korea, Japan and the United States Foreign Ministers meet to discuss North Korea Dec 7 BRUSSELS EU Finance Ministers to meet as global concern about the debt crisis rocking the euro zone is mounting Dec 10 BRUSSELS India’s Prime Minister Manmohan Singh meets with the
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  • Page 7 Advertisements
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      33 7 Looking for opportunities? 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
      33 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 1
      328 7 CRYPTIC CROSSWORD Across 1 Conservative interrupts amendment a row results (11) 9 Deliver an item of pottery (4) 10 French sea shanty the crew put together in ships sailing the trade routes (11) 11 Turn crazy in shock (4) 14 Leading off in file (7) 16 Unusual hoarder offish eggs
      328 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Sustainable expansion
      1790 8/9  -  Tiffany’s CEO and chairman Michael Kowalski has been criticised for not expanding the company faster, but the recent global recession has proved the merits of his business strategy. By Josephine Chew By Josephine Chew jochew@sph.com.sg MILLION-dollaryachts,ex-pensive jewellery, oil paintings by old ters,evenacresofrealestate. As consumers become increasingly comfortable splurging
      YEN MENG JIIN  -  1,790 words
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  • COMPANIES
    • Article, Illustration
      Lock icon CapitaLand sells all its Adelphi units
      522 10  -  It expects to book a $15.7m profit from the sale to a tie-up between Guthrie GTS and Sun Venture Property By Kalpana Rashiwala kalpana@sph.com.sg Singapore Singapore CAPITALAND is selling all its office and shop units at The Adelphi near City Hall MRTStationfor$218.132milliontoapartnership between Guthrie
      522 words
    • Article
      Lock icon Olam to set up JV with Lababidi for Nigeria sugar refinery
      754 10  -  By Felda Chay feldac@sph.com.sg Singapore JUST three weeks from inking its biggest deal to date, commodity supply chain manager Olam International has struck up another investment: It will set up a jointventurewithAfrica’sLababidi Group for a US$200 million port-based sugar
      754 words
    • Article
      Lock icon OCBC’s PacificMas sells M’sian insurance arm
      433 11  -  Sale to Fairfax Asia comes after Bank Negara states that OCBC cannot simultaneously own two insurance arms in Malaysia By Lynn Kan lynnkan@sph.com.sg Singapore OCBC Bank’s Malaysian unit PacificMas has entered into an agreement to sell its insurance arm Pacific Insurance Berhad (PIB). Malaysia’s
      433 words
    • Business briefing
      • Article
        Lock icon Liquidators appointed to wind up Oriental Century
        63 11 ORIENTAL Century said yesterday Chia Soon Hien and Leow Quek Shiong of BDO LLP have been appointed joint liquidators to wind up the company, after shareholders passed the resolution at the EGM held on Thursday. The beleaguered firm is also delisting without an
        63 words
      • Article
        Lock icon AusGroup wins A$12m deal from Metso Minerals
        123 11 AUSGROUP Ltd has been awarded a A$12 million (S$15.2 million) contract by Metso Minerals (Australia). The contract is for the construction of two twin cell car dumpers and two positioners for Fortescue Metals Group. AusGroup’s subsidiary, AGC Industries Pty Ltd (AGC), was originally
        123 words
      • Article
        Lock icon Kingsmen Creatives update on arbitration proceedings
        118 11 KINGSMEN Creatives Ltd said arbitration proceedings between its subsidiary Kingsmen Exhibits Pte Ltd and a subcontractor, Hup Lian Engineering PteLtd,havestarted.Thecaseinvolves the supply, fabrication and installation of structural steel for a themed facade and development works for Dreamworks Zone Package 1 and Dreamworks Zone Package
        118 words
      • Article
        Lock icon Berger Paints wins counterclaim against customer
        58 11 BERGER International said that the Singapore High Court has dismissed a claim by a paint customer against its subsidiary, Berger Paints Singapore Pte Ltd (BPS). The court has also allowed the counterclaim of $72,677 by BPS against the customer for outstanding amounts owed by
        58 words
    • Article, Illustration
      Lock icon Not a featureless week, if you take a good look
      944 12  -  stocks R Sivanithy sivan@sph.com.sg Senior correspondent WEWEREtempted to describe the week as “featureless” in this column and work our way around that. And, to be honest, we would have probably gotten away with it too because it’s customary for trading
      944 words
    • Article, Illustration
      Lock icon OCBC’s charity café raises $45,000 for school kids
      116 12 OCBC Bank’s human resources divisionhas staged a charity café for staff at OCBC Centre during lunch hours. This is the third consecutive year the division has organised such a fair to raise funds for needy school children. As before, the proceeds from
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  • Page 11 Advertisements
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      324 11 CHIEF EXECUTIVE We represent a regional public-listed conglomerate with diverse interests and well known brand names. The Food and Consumer business unit (FCBU) is the largest component within this Group of companies and it is presently looking for a Chief Executive to lead it through a new phase in its
      324 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Winning the war for talent
      952 13  -  As the dust settles on the global financial crisis, companies should take time to reflect on how best they can attract and retain top talent from the desk of Su-Yen Wong Senior Partner and Managing Director Asean Mercer AS 2010 gallops to a close, the
      952 words
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  • SINGAPORE
    • Article
      Lock icon S’pore commercial property deals hit US$3b
      552 14  -  The Q3 figure was the third highest in the Asia-Pac region behind Japan and Australia: JLL By Kalpana Rashiwala kalpana@sph.com.sg THE US$3.14 billion worth of direct commercial property investment deals in Singapore for the third quarter of 2010 was the third highest in the
      552 words
    • Article, Illustration
      Lock icon One-of-a-kind terracotta dog put up for auction
      365 14  -  By Arthur Lee arthurl@sph.com.sg MAN’S best friend may just be the perfect gift this Christmas. A rare terracotta dog dating back to the Han Dynasty (206 BC-220 AD) offers a hedge against inflation and potential capital appreciation. It joins six other “Christmas Trees”
      ARTHUR LEE  -  365 words
    • Article
      Lock icon National volunteerism, philanthropy awards for six
      223 14 PRESIDENT SR Nathan presented the National Volunteerism and Philanthropy Awards to six recipients at the Istana yesterday. The awards, administered by the National Volunteer and Philanthropy Centre (NVPC), were launched by Mr Nathan in 2004. Since their inception, the awards have focused on giving
      223 words
    • Article
      Lock icon Swiss luxury watch veteran takes over as Sincere Watch group MD
      416 15  -  By Chuang Peck Ming peckming@sph.com.sg IN a first for the industry in Singapore, delisted Sincere Watch has appointed a veteran of the Swiss luxury watch industry to head the company’s operations. Stephan Ritzmann, no stranger to watch fans here,
      416 words
    • Article
      Lock icon SMEs looking to enter China urged to tap existing networks
      413 15  -  This can help reduce start-up risks and lower operating costs, says SM Goh By Chen Huifen xuifen@sph.com.sg SENIOR Minister Goh Chok Tong has urged Singapore SMEs to make use of the available networks and channels set up at the chamber
      413 words
    • Article, Illustration
      Lock icon Happy Mondays at ChildAid
      391 15  -  By Lynn Kan lynnkan@sph.com.sg “HAPPY” and “Monday” aren’t often heard in the same sentence it’s usually the Monday Blues. But singing away the gloomy times are a bunch of young Singaporean crooners who call themselves Happy Mondays. Some of them 11 singers aged 10-16 will be
      LITTLE ARTS ACADEMY  -  391 words
  • Page 14 Advertisements
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  • Page 15 Advertisements
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      153 15 MAT3 NOTICES LOST STOCK AND SHARE CERTIFICATES The following stock and share certificates have been reported lost, mislaid or destroyed by the registered stockholders and shareholder:Name of Company Name of stockholders MCL LAND LIMITED Liu Un Szee (Incorporated in Singapore) Wong Yew Choon (Company Registration Wong Yew Choon No. *****0074K)
      153 words
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  • WORLD
    • Article
      Lock icon Macau rejects Sands China’s application for Cotai plot
      292 16 AFP Hong Kong RESORT developer Sands China said yesterday that Macau had rejected its bid to claim ownership of a lucrative piece of land, potentially denting its development plans in the world’s biggest gaming hub. The firm, a unit of billionaire Sheldon
      AFP  -  292 words
    • Article, Illustration
      Lock icon Icy weather disrupts travel across Europe
      392 16 Flights cancelled, rail, road traffic halted by freezing cold and snow Bloomberg London SNOWSTORMS and freezing temperatures disrupted travel across Europe for a fifth day yesterday as airports cancelled flights and train operators limited services. Eurostar Group Ltd plans to operate a “significantly reduced”
      Bloomberg; AFP  -  392 words
    • Article
      Lock icon Samsung family tightens grip on firm
      150 16 Bloomberg Seoul SAMSUNG Electronics Co, the world’s largest maker of televisions and flat screens, promoted the chairman’s son to president as the founding family tightens its grip on South Korea’s biggest industrial group. Lee Jae Yong, 42, will report to chief executive officer Choi
      Bloomberg  -  150 words
    • Article, Illustration
      Lock icon Bank Indonesia keeps key rate at 6.5%
      522 17 It delays increase that could attract more funds at a time when emerging markets are luring investors away from developed economies Bloomberg Singapore BANK Indonesia kept its benchmark interest rate at a record low, judging the economy can cope with an acceleration in
      Bloomberg; REUTERS  -  522 words
    • Article
      Lock icon Trader has up to 80% of LME copper stock
      270 17 Reuters Singapore A SINGLE trader is holding up to 80 per cent of copper stockpiles at the London Metal Exchange (LME), the Wall Street Journal reported yesterday. The dominant position holder, who was not identified, owns 50-80 per cent of the
      Reuters  -  270 words
    • Article
      Lock icon WikiLeaks moves website to Switzerland
      294 17 Bloomberg Paris WIKILEAKS.ORG, the online whistle-blower that released about 250,000 US diplomatic cables, moved the website to Switzerland after its US domainname translation provider EveryDNS.net withdrew service. WikiLeaks began directing viewers to WikiLeaks.ch rather than WikiLeaks.org yesterday morning, it said on a Twitter feed. While
      Bloomberg  -  294 words
    • Article, Illustration
      Lock icon Ireland, Portugal get ECB help: report
      545 18 Goldman Sachs estimates that the central bank could end up holding 50% of Greek, Irish, Portuguese debt AFP Paris THE European Central Bank (ECB) on Thursday spent heavily to support Irish and Portuguese debt markets just as it was sending signals, without figures, that
      AFP; BLOOMBERG  -  545 words
    • Article
      Lock icon Japan’s top corporates, flush with cash, go on capital spending spree
      480 18 Reuters Hong Kong A QUICK economic recovery, open access to bond markets and a steady stream of profits has piled up cash at Asia’s top corporates, prompting even the most conservative spenders to put the money to use. The
      Reuters  -  480 words
  • Page 16 Advertisements
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      87 16 Pulses December issue out now! What is ahead for China, the new global powerhouse? Where to put your money in 2011. How much is the Reit worth? We look at the determining factors and valuation measures for a Reit. Why does it pay to recognise firms with a long-term competitive
      87 words
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  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      30 18 ft-®*©#. Lianhe Zaobao Founders of SOHO China, a leading developer pledge to more iconic real estates in Shanghai. SOHO m M J To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      30 words
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  • SGX
    • Article
      Lock icon Untitled
      9051 19 Transaction date: Dec 3 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 3148 8Telecom 18 unch 10 18 18 18 18.5 1.7 10.1 5.8 86.2 12 5 5834 A-Sonic 5 unch
      9,051 words
    • Article
      Lock icon SGX CATALIST
      1819 22 52-wks Tel Last Vol Day Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 1181 t AA Grp 5 4 5 27.8 4.8 225 130 6222 t APStrategic 165 159 164 97.9 4 0.5 1501
      1,819 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 22 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 8 7 0 0 0 1 8 7 Manufacturing 39 56 80 5 5 14 44 61 94 Commerce 20 22 19 2 5 4 22 27 23 Tpt/Stor/Comms 15 13 16
      186 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      845 22 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Nov 29 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Jackspeed Corp Ltd 2-Dec-10 Liew Ham Chow Sell ***** na ***** 20.58 1505 0.72 Sabana Shari'Ah Reit
      845 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 22 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,147 17,147 75,729 75,729 Manufacturing 195,065 15,183 210,248 203,524 631 204,155 Commerce 75,772 9,515 85,287 113,140 1,025 114,165 Tpt/Stor/Comms 104,222 903 105,125 190,375 310 190,686 Finance 15,578 15,578 161,875 161,875 Construction 9,612 16,445 26,057 2,172
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  • MARKETS
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 23 Dec 3 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.317 1.243 Can dollar 1.327 1.276 Euro 1.759 1.692 Sterling pound 2.076 1.997 NZ dollar 1.016 0.968 US dollar 1.328 1.277 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      91 23 YTD change: +9.48% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,648.15 on May 25,2010 Source: Bloomberg YTD change: +6.62% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 18,971.50 on May 27,2010 Source: Bloomberg YTD change: +8.96% 52-week high: 11,451.50 on Nov 5,2010 52-week low: 9,614.32 on July
      Source: Bloomberg  -  91 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      374 23 In local curr In S$ In US$ dy yr dy yr dy yr Dec 2 Index Change Change Change Change Change Change World Index Preliminary 877.5 1.3 5.4 1.3 -1.5 1.6 5.8 ‡EAFE Preliminary 790.7 1.7 0.8 1.9 -6.0 2.2 0.9 Europe Preliminary 1155.5 1.9
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 23 Dec 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2798 1.2809 0.9780 0.9785 Canadian dollar 1.3042 1.3048 0.9966 0.9968 Euro 1.7274 1.7283 1.3200 1.3203 NZ dollar 0.9902 0.9918 0.7567 0.7577 Sterling pound 2.0417 2.0428 1.5602 1.5606
      154 words
    • Article
      Lock icon LIFFE
      82 23 Dec 2 COCOA (£/tonne) Close Prev High/Low Dec 10 1910 1847 1944/1849 Mar 11 1923 1863 1959/1862 May 11 1941 1880 1976/1884 Jul 11 1959 1896 1991/1909 COFFEE (US$/tonne) Close Pev High/Low Jan 11 1867 1800 1871/1790 Mar 11 1848 1816 1858/1806 May 11 1863 1838 1874/1829 Juy 11
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    • Article
      Lock icon CHICAGO BOT
      93 23 Dec 2 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jan 11 1279.*****3.*****7.*****3.75 Mar 11 1287.*****1.*****5.*****2.00 May 11 1289.*****3.*****6.*****5.00 Jul 11 1291.*****6.*****9.*****5.50 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Dec 10 52.47 52.25 52.81 51.98 Jan 11 52.84 52.61 53.19 52.27 Mar 11 53.28 53.05 53.63
      93 words
    • Article
      Lock icon PALM OIL
      66 23 Source: Bernama Dec 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 10 3562 3560 3562 3551 164 1380 Jan 11 3558 3562 3577 3540 376 ***** Feb 11 3520 3516 3537 3490 8521 ***** Mar 11
      Source: Bernama  -  66 words
    • Article
      Lock icon OIL
      75 23 Dec 2 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 89.52 1.95 WTI (Near Mth) 88.01 1.37 Dubai (1-Mth F) 86.10 1.80 Tapis blend 93.80 2.25 Minas 89.15 2.35 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 91.00 2.67 Jet Kerosene 100.60 2.55 US$/barrel Opec Oil Basket Price
      75 words
    • Article
      Lock icon LONDON METALS
      72 23 Dec 2 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2329.75 2320.75 3 months 2348.00 2340.00 Copper, Grade A (US$/tonne) Cash 8774.50 8648.50 3 months 8720.00 8585.00 Lead (US$/tonne) Cash 2351.75 2250.25 3 months 2374.00 2270.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon METALS
      66 23 Dec 3 GOLD (US$/oz) Dec 03 Dec 02 Hong Kong 1391.*****1.30 Dec 02 Dec 01 London 1390.*****6.70 1391.*****7.60 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 37.73 37.50 Source: UOB PLATINUM Lon (US$/oz) Dec 02 Close Previous PM Fix 1700.*****5.00 AM Fix 1710.*****3.00 Source: Thomson Reuters PLATINUM /NYMEX
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  • PERSPECTIVE
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      Lock icon Remember the diplomatic bag?
      893 24 / 25  -  Governments could respond to online whistle blowing through more advanced forms of electronic encryption and other measures or they may even feel that old-fashioned methods of diplomatic communication could be useful once again Leon Hadar Washington correspondent A FRIEND emailed me recently a YouTube spoof of
      AFP  -  893 words
    • Article
      Lock icon It’s the funding, stupid
      678 24 / 25  -  Financial crises are caused by lack of cash, yet policymakers have been mostly trying to shore up solvency not funding REUTERS BREAKINGVIEWS By Hugo Dixon RUNNINGout ofcash–rather than insolvency is what causes financial crises such as the eurozone’s. Yet the lion’s share of the effort by
      678 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Relooking that portfolio
        1097 26 / 27  -  The year-end is a good time to take stock of your finances and review where you can eke out savings and enhance your returns. By Genevieve Cua returns. By Genevieve Cua gen@sph.com.sg MARKETShavere-boundeddramatical-ly since the 2008 crisis, even if myriad uncertainties remain. The year-end is a good
        STOCK.XCHNG  -  1,097 words
      • BROKERS’ TAKE
        • Article
          Lock icon UOL Group Ltd
          408 26 / 27 Buy OCBC Investment Research Dec 3 Close: $4.64 NEW launch does well. UOL Group launched its freehold Spottiswoode Residences project last month. The 351 units in the 36-storey development comprise primarily one to three bedrooms of between 592 and 1,421 square feet. According to The Business Times,
          408 words
        • Article
          Lock icon Keppel Corporation
          263 26 / 27  -  Buy DBS Group Research Dec 3 Close: $10.82 Compiled by Joyce Hooi KEPPEL Corp (KEP) has finally inked a contract for two newbuild jack-up rigs with Asia Offshore Drilling (AOD), a 49 per cent owned affiliate of Mermaid Maritime, worth a total of US$360 million. The two jack-ups
          263 words
      • Article, Illustration
        Lock icon Santa, the ‘Capricorn effect’ and you
        1048 28  -  December is a good time to reposition your stock portfolio in time for the probable January rise 28 Yeo Kee Yan Retail Market Strategist DBS Vickers THE year-end holiday season is typically a lull period for the stock market here. Trading activity from No-vember-January
        BLOOMBERG FILE PHOTO  -  1,048 words
      • Article, Illustration
        Lock icon Enriching power of self-affirmation
        1510 29  -  It can lead to greater attitude change via a more objective consideration of self-threatening information show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder I WAS working with a friend on a wealth accumulation/management presentation this week. Her section
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    • WEALTH REAL ESTATE
      • Article
        Lock icon Househunt PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN NOV 3 AND NOV 9,2010
        927 30 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 11 NON-LANDED Hillcrest Arcadia Apt 03/11/2010 99 1711 1350 789 La Suisse Apt 08/11/2010 999 2131 1960 920
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      • Article, Illustration
        Lock icon Taiwan mulls tax on investment properties
        670 31 Other moves to curb speculation include plans to revise land valuation rules so that taxes reflect market changes Bloomberg Taipei TAIWAN is considering a new property tax on real estate sold within a year of purchase, and plans to revise land valuation rules to
        Bloomberg; BLOOMBERG FILE PHOTO  -  670 words
      • Article
        Lock icon KOP Properties buys London landmark
        265 31 Singapore SINGAPORE-BASED KOP Properties and the Reignwood group recently acquired Ten Trinity Square, a landmark project in London, for £107 million (S$219 million). The property, which is located close to the River Thames, is in the same vicinity as other landmarks such as the Tower
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      • Article
        Lock icon More HDB resale matters available online
        323 31  -  By Lynn Kan lynnkan@sph.com.sg Singapore THE Housing and Development Board (HDB) is making resale transactions easier by moving more processes online. This would be lead to lower online application fees for customers when compared with hard copy applications, and is also more environmentally friendly,
        323 words
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  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      61 30 Featuring the Quality Homes Collection Five Chancery. Redefining Exclusivity. For enquiries: Lawrence Chi a 9617 2884, lchia@savills.com.sg Jeffrey Goh 9387 3372, jtgoh@savills.com.sg To arrange for an appointment to view our sales gallery, please call 6836 3338 or search with us residential.savills.com.sg Savills has more than 200 offices and associates worldwide
      61 words
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      178 32 M AIDE MARS PIGUET Le maitre de I'horlogerie depuis 1875 JULES AUDEMARS PERPETUAL CALENDAR V W m (Sir P S3 C2. m £s. 5 20 A fcW ■m 4 mam 1 A a Wr'SI V v%" LicANv 4 K E .s in k i m. i m >v. The Jules
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      54 1 LivingTHEBUSINESSTIMESWEEKEND|DECEMBER4-*****BTTHE BUSINESS TIMES WEEKEND DECEMBER 4-5 2010 MADE IN SINGAPORE Cool products from local designers GLOWBELLY BY TAN LUN CHEAK GLOWBELLY BY TAN LUN CHEAK SHOPPING Exclusive gifts for Christmas L4-5 DINING Sole food L6-7 GOLF Rory McIlroy L17 WATCHES Parmigiani’s straight shooter L8-9 MOTORING The future is electric L20
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  • BT Living
    • STYLE
      • Article, Illustration
        Lock icon MADE IN SINGAPORE
        1675 2 / 3  -  Local products are becoming a cooler commodity, thanks to innovative new projects such as the three featured here that are elevating the status of Singapore design. By Audrey Phoon By Audrey Phoon aphoon@sph.com.sg Imprints: Designing from Memories The Atelier Gallery National Museum of Singapore 93 Stamford Road
        1,675 words
    • SHOPPING
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        Lock icon Spirit of giving
        770 4 / 5  -  ofecialgiving Make Christmas extra special for your loved ones with these uber exclusive gift ideas. MELISSA LWEE looks at some of the best picks around town this festive season. MELISSA LWEE mellwee@sph.com.sg 1Maison Francis Kurkdjia bespoke fragrance FOR the true fragrance connoisseurs, there is no better gift
        PHOTO OF LULU TV CABINET BY ARTHUR LEE, PHOTO OF YSL BAG BY YEN MENG JIIN  -  770 words
    • DINING
      • Sole food
        • Article, Illustration
          Lock icon Jean-Philippe Darcis
          426 6 / 7  -  L1-38 The Shoppes at Marina Bay Sands 10 Bayfront Avenue Z 6688-7202 www.darcis.sg By Audrey Phoon aphoon@sph.com.sg IT CAN be hard to tell whether a specialist chef is a true expert in a particular field or whether he’s acquired the title courtesy of his own ego. But when
          426 words
        • Article, Illustration
          Lock icon Vintry
          452 6 / 7  -  Block 3A River Valley Road #01-01 Clarke Quay Z6338-2808 Less is more at these new F&B outlets, where a single ingredient or dish takes centrestage By Geoffrey Eu btnews@sph.com.sg IMAGINE a wine bar with a slick wine service system that dispenses wines in three different portions, where customers use
          452 words
        • Article, Illustration
          Lock icon Casa Tartufo
          456 6 / 7  -  Forum Shopping Mall #01-17, 583 Orchard Road Z6836-4647 www.casatartufo.com By Geoffrey Eu WHEN it comes to Italian restaurants in Singapore, it seems we could always do with just one more. That’s the approach the folks behind Casa Tartufo seem to be taking but just in case, owners Alex
          456 words
        • Article, Illustration
          Lock icon Meatworks Restaurant
          354 6 / 7  -  Ion Orchard #04-12 2 Orchard Turn Z6634-0026 www.meatworks.com.sg By Geoffrey Eu NO PRIZES for guessing what item features heavily at Meatworks, a new 200-seat restaurant that aims to fill the gap between high-end steak houses and the chain restaurants that have achieved a strong following among the price-con-scious
          354 words
    • WATCHES
      • Article, Illustration
        Lock icon The straight shooter
        1015 8 / 9  -  CEO Jean-Marc Jacot is candi and doesn’t mince words about the Swiss watch industry.By Dylan Tan industry.By Dylan Tan dylantan@sph.com.sg DON’T bother asking Jean-Marc Jacot how many watches his company sold last year. The CEO of luxury timepiece brand Parmigiani Fleurier is not interested to know. “I
        1,015 words
      • Article
        Lock icon wine & dine with BTWeekend
        659 8 / 9 wine dine with BTWeekend Chatterbox Level 5, Mandarin Orchard Singapore 333 Orchard Road Z6831-6288 Home to the signature Mandarin Chicken Rice, Chatterbox is an iconic coffee house renowned for its Asian local delights and Western favourites. Most recently, Chatterbox opened its new premises on Level 5 of the hotel with
        659 words
    • TRAVEL
      • Article, Illustration
        Lock icon MUSCAT LOVE
        1197 10 / 11  -  The capital of Oman is relatively undeveloped, but a combination of natural beauty, rich local culture and an architectural heritage that includes ancient forts and palaces makes it a city that’s very much on the rise. By Geoffrey Eu Muscat and other parts of Oman may be in
        ALL PHOTOS COURTESY OF BENTLEY  -  1,197 words
    • GADGETS
    • HEALTH
      • Article, Illustration
        Lock icon Blight eyes
        919 15  -  Those who suffer from age-related macular degeneration also have an increased risk of stroke, but a new treatment can at least reduce their risk of vision loss. By Cheah Ui-Hoon loss.By Cheah Ui-Hoon uihoon@sph.com.sg SO you think eye problems are confined to the eyes? It turns out that
        STOCK.XCHNG  -  919 words
    • SPORT
      • Article, Illustration
        Lock icon Spurs rising from the dead?
        700 16  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor THE faintest whisper is going around North London these days. More specifically, at the White Hart Lane stadium, home of English Premier League club Tottenham Hotspur. Not many are speaking of it openly for fear of
        PHOTOS: REUTERS, AP  -  700 words
    • GOLF
      • Article, Illustration
        Lock icon Northern Irish sensation
        1273 17  -  For 21-year-old world number 10 Rory McIlroy, being surrounded by other good young players on tour is important as it spurs him to perform even better. By Justine Moss By Justine Moss btnews@sph.com.sg IN 2010, Rory McIlroy came of age in more ways than one. Northern Ireland’s
        AFP  -  1,273 words
    • MOTORING
      • Article, Illustration
        Lock icon R for refinement
        632 18  -  The strength and smoothness of eight cylinders can equal a very special automotive experience. Samuel Ee drives two high-performance V8 models Samuel Ee samuelee@sph.com.sg RARE is the car that can claim to possess that magic combination of looks, performance and useability but it is possible that the
        632 words
      • Article, Illustration
        Lock icon EXECUTIVE EXPRESS
        724 19  -  The potency of the Lexus IS F could almost go unnoticed. By Samuel Ee By Samuel Ee samuelee@sph.com.sg IT MAY have taken a couple of years but the first high-performance model from Lexus is finally here. But for a handful of eager buyers at least, the Lexus IS
        724 words
      • Article, Illustration
        Lock icon The future is electric: Audi
        636 20  -  Expect an extravaganza of transport innovations from the German premium carmaker. By Samuel Ee By Samuel Ee WHEN it comes to the subject of sustainable mobility, Audi has one simple answer: electrify the future. This message of the electrification of the driveline was shared recently
        636 words
      • Article, Illustration
        Lock icon Try a two-wheel drive
        254 20  -  By Samuel Ee samuelee@sph.com.sg IF YOU cannot wait for the future and would like to electrify your mobility right now, try the Sanyo Synergetic Hybrid Bicycle. Equipped with a 250 W brushless electric motor and a 25 V lithium-ion battery, this Sanyo bike promises to make
        254 words
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