The Business Times, 7 December 2010

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Microfilm: NL30983
Total Pages: 46
1 12 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Tuesday, December 7,2010
    23 words
  • Article, Illustration
    Lock icon Year after mega takeover, Pfizer’s ‘tired’ CEO quits
    572 1 Jeffrey Kindler cites fatigue but analysts say he was pushed Reuters [NEW YORK] Pfizer Inc’s chief executive stepped down without warning, acknowledging the personal toll involved in steering the world’s largest drugmaker through a multibillion dollar merger. The departure of Jeffrey Kindler,
    Reuters  -  572 words
  • Article
    Lock icon MARKETS DIGEST
    144 1 G ST INDEX 3,181.41 (+8.97) G ST INDEX FUTURES 3,172 (+9) G SIMSCI 375.08 (+0.53) H SIMSCI FUTURES 373.10 (-0.90) FOREX US$ S$ US$ (S$ per US$) 1.303 (US$/S$ per 1.575 2.052 EURO (US$/S$/E) 1.336 1.741 Foreign currency per US$ S$ YEN 82.80 63.50 RM 3.143 2.412 HK$
    144 words
  • Article, Illustration
    Lock icon Big-ticket property deals prop up market
    898 1  -  Investment sales already thrice as high as last year as major players ooze confidence By KALPANA RASHIWALA [SINGAPORE] In a reflection of which way the big boys have been betting, investment sales in the property market which involve deals of at least $5 million
    898 words
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      321 1 LEADERS’ PERSPECTIVE Arnoud De Meyer, SMU’s new president PAGE SPECIAL FOCUS Asia Pacific Entrepreneurship Award 2010 APEA 2010, PAGES 1-12 SME INC It pays to be precise in engineering PAGE 12 PROPERTY New home projects draw out buyers PAGE 32 Luxe Christmas 2010 What does New York mean to Donald
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  • TOP STORIES
    • Article, Illustration
      Lock icon EU split over joint E-bonds, size of bailout pot
      571 2 Analysts convinced Portugal next to tap an increased EU-IMF emergency fund AFP [BRUSSELS] Deep European divisions emerged yesterday over whether to launch joint eurozone bonds and boost a bailout war chest. Eurozone finance ministers, to be joined by International Monetary Fund
      AFP  -  571 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      554 2 Big-ticket property deals prop up market IN a reflection of which way the big boys have been betting, investment sales in the property market which involve deals of at least $5 million each have risen sharply this year to touch a total of $32.5 billion. This is three
      554 words
    • Article, Illustration
      Lock icon Former Selangor minister charged with land fraud
      610 4  -  Timing of arrest shows PM Najib has consolidated his position in Umno B y S JAYASANKARAN FORMER Selangor chief minister Mohd Khir Toyo was charged in Malaysia’s Sessions Court yesterday with alleged land fraud relating to his landed residence in Shah Alam, the
      GUANG MING DAILY  -  610 words
    • Article, Illustration
      Lock icon Hiring set to continue in Q1 even as slowdown looms
      613 4  -  By CHUANG PECK MING [SINGAPORE] Singapore’s economic growth is tipped to ease next year, but the hiring will continue at least in the months to come. More employers are likely to hire in an already hot jobs market in the
      Source: Manpower  -  613 words
    • Article
      Lock icon Hu’s Korea warning points to rising unease
      524 4 Obama talks to Hu ahead of ministers’ meeting in US Reuters [SEOUL] Chinese President Hu Jintao yesterday warned US President Barack Obama that tensions on the Korean peninsula could spiral out of control if not dealt with properly, as South Korea started live
      Reuters  -  524 words
    • Article
      Lock icon Harry Potter and the firm from S’pore
      297 4  -  Pinewood picks Web Structures to help with its US$150m project in M’sia By UMA SHANKARI [SINGAPORE] The film studio that helped create the Harry Potter and James Bond blockbusters has appointed a Singapore-based firm of design engineers, Web Structures, to consult on a
      297 words
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      177 2 M§ i'' uh ■>i« S m World's Finest Serviced Offices A cost effective Serviced Office solution Best address, best receptionist, best IT and support Flexible lease terms starting from one month For less than the cost of a secretary We help businesses succeed Call to arrange a personal tour today!
      177 words
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      1336 2 VALLIANZ HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****6945E) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Vallianz Holdings Limited (the “Company”) will be held on 22 December 2010 at 10.00 a.m. at 12 International Business Park, CyberHub@IBP #03-02,
      1,336 words
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      134 3 We were there when our grandparents used to hide their life savings under the bed. We were there when our parents kept their passbooks locked up in a drawer. We were there when most people did their banking in banking halls. These days, most people do their banking online. We
      134 words
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      1241 4 EASTGATE TECHNOLOGY LTD (Incorporated in the Republic of Singapore) Company Reg. No. *****5519R NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-First Annual General Meeting of the Company will be held at Hotel Royal, 36 Newton Road Singapore *****4, Royal Room Level 15, on Wednesday, 22 December
      1,241 words
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      607 5 Si 3=2 m m Stay open to new relationships, and be rewarded. 35°N Valletta, Malta S$400 worth of shopping vouchers or a host of attractive gifts, can be yours when you join HSBC Premier today! Your day-to-day banking privileges As an HSBC Premier customer, you enjoy preferential rates and discounts
      607 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Bocker wastes no time in growing SGX
      1225 6  -  In his one year at the exchange, the CEO has shown he is a man in a hurry SGX-ASX TAKEOVER By JAMIE LEE ARE mergers the next Wonderland for Asian exchanges? If one asked Magnus Bocker, he might have, in a fairy-tale analogy,
      Source: Singapore Exchange  -  1,225 words
    • Article
      Lock icon Merger a fillip for Australia: ASX
      662 6  -  ASX board urges shareholders to accept SGX offer By NISHA RAMCHANDANI ASX Ltd has released a commissioned report which backs its argument that the proposed merger between the Singapore Exchange (SGX) and ASX promotes Australia’s national interests since it will likely improve Australia’s chances
      662 words
    • Article
      Lock icon If ASX raises the listing bar, will SGX follow?
      591 6  -  HOCK LOCK SIEW By R SIVANITHY IF recommendations last week by the Australian Securities and Investments Commission (ASIC) are implemented, the Australian Stock Exchange (ASX) will soon have to tighten its listing and disclosure rules in order to afford the investing
      591 words
    • Article, Illustration
      Lock icon DBS Asset Mgt sold to Nikko in tie-up deal
      561 7  -  DBS will have a 7.25% interest in the enlarged Japanese company By SIOW LI SEN DBS Bank has sold its asset management arm to Nikko Asset Management Co (Nikko AM) in a deal valued at $137 million. Under the terms of
      BLOOMBERG FILE PHOTO  -  561 words
    • Article
      Lock icon SIA to fly A380 on S’pore-LA route next year
      221 7 Service will start after airline receives its 12th A380 jet Reuters SINGAPORE Airlines, the world’s second-largest carrier by market value, said yesterday that it will deploy the Airbus A380 superjumbo on the Singapore-Los Angeles route beginning next year despite a controversy
      Reuters  -  221 words
    • Article
      Lock icon China Animal unveils bid for bigger market share
      617 9  -  It seeks to expand product range, buy firms with bird flu drug licences By LYNETTE KHOO CHINA Animal Healthcare (CAH), whose Hong Kong dual primary listing is underway, is eyeing a bigger market share in the sale of animal drugs in China.
      617 words
    • COMPANY BRIEFS
      • Article
        Lock icon CNA Group wins $10m Novena Hospital deal
        78 9 CNA Group Ltd, an enabler of intelligent buildings and facilities, has secured a $10.1 million contract from Novena Hospital in Singapore, boosting its local order book to $34.0 million as at end-November 2010. The project, which is slated for completion in Q1 FY2012,
        78 words
      • Article
        Lock icon JES lands three shipbuilding contracts
        96 9 JES International Holdings said that it has entered into several new shipbuilding contracts. The first is a contract with Samsun Logix Corporation, a company incorporated in South Korea, for the construction and sale of one 180,000 deadweight tons (DWT) bulk carrier. It also entered into
        96 words
      • Article
        Lock icon Think Env enters MOA for gold mine rights
        113 9 The Think Environmental Co Ltd (TTEC) has entered into a memorandum of agreement (MOA) with Mornington Offshore Inc which would see the company acquire the rights to gold mines in the Republic of Mali in Western Africa. When finalised, the MOA will
        113 words
    • Article
      Lock icon Spice i2i acquires Thai handset firm for US$22m
      428 9  -  It opens Myanmar retail store, plans more in region By WINSTON CHAI MAINBOARD-LISTED mobile player Spice i2i’s shopping spree continues with the acquisition of Thai handset company NewTel Corporation for US$22 million. The purchase consideration is made up of an upfront cash
      428 words
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      688 6 MATS 3 NOTICES DOVECHEM HOLDINGS PTE LTD (PROVISIONAL LIQUIDATORS APPOINTED) COMPANY REGISTRATION NO. *****1768R (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF EXTRAORDINARY GENERAL MEETING WHEREAS pursuant an Order of Court dated 15 November 2010 made in Originating Summons No. 1076 of 201 OA/ (the "Order of Court"), it was
      688 words
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      179 7 LANGHAM PLACE MONGKOK, HONG KONG YOUR 3 rd SUITE NIGHT, IS ON HONGKONG.LANGH; From jazz in the gardens to kindergarten. The new generation R-Class. The sophisticated seven-seater for all occasions. With an exterior designed to impress, and an interior designed for excess, what a wonderful world it is riding in
      179 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI sharply off intraday high
      562 8  -  Europe’s weak opening and consequent weakness here strongly suggest a soft Monday session on Wall Street STOCKS R SIVANITHY Senior Correspondent NOT surprisingly, the Straits Times Index which on Friday dropped 25 points yesterday rebounded 8.97 points to 3,181.41. Short covering was the most probable
      Source: Bloomberg  -  562 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 1 7 0 0 0 7 1 7 Manufacturing 56 48 65 4 6 9 60 54 74 Commerce 18 16 26 2 2 4 20 18 30 Tpt/Stor/Comms 15 17 10
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,472 14,472 56,419 56,419 Manufacturing 358,422 13,780 372,202 205,590 618 206,208 Commerce 56,025 5,693 61,718 102,613 496 103,109 Tpt/Stor/Comms 62,675 838 63,513 116,254 304 116,558 Finance 14,766 5 14,771 150,785 1 150,786 Construction 13,797 12,705
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change CapMallsAsia 1.990 -0.010 CapitaLand 3.680 +0.010 CapitaMall 1.940 -0.020 CityDev 12.440 +0.320 ComfortDelGro 1.510 -0.030 DBS Grp 14.080 +0.040 F&N 6.150 -0.020 Genting SP 2.100 +0.010 Golden Agri 0.740 HK Land 7.060 +0.020 JMH 46.000 +1.260 JSH 26.880 +0.340 Jardine C&C 37.300
      112 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Dec 6 VALUE CLOSE BT OB/OS -218.00 +71.00 BT CADI -*****.00 +4.00 BT 10-day MA -*****.00 -22.00 FTSE ST Mid Cap 796.96 +2.90 FTSE ST Small Cap 573.94 +3.38 FTSE ST All Share 787.19 +2.47 FTSE ST China Top 291.74 +0.01 FTSE ST China 328.16 -0.13 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 8 VOLUME Genting SP 88,003,000 MDR 58,317,000 MAP Tech 56,040,000 SunVic 46,832,000 Golden Agri 44,181,000 China Sky 31,360,000 Transcu Grp 22,954,000 Noble Grp 20,304,000 *Genting HK US$ 19,501,000 XinRen 19,446,000 VALUE($) Genting SP 186,323,770 UOB 65,606,342 Noble Grp 42,609,542 StraitsAsia 38,941,390 SingTel 36,791,610 SGX 35,152,636 Golden Agri 33,219,560
      58 words
    • BROKERS’ TAKE
      • Article
        Lock icon Property sector
        489 8 DMG PARTNERS RESEARCH, Dec 6 OVER the weekend, we visited showflats for one mass market project and two prime projects. Although all three projects were located near MRT stations, the response was mixed. Privé, an executive condominium, saw a relatively high number of applications, though actual sales will
        489 words
      • Article
        Lock icon Keppel Corporation
        526 8  -  Keppel Corporation Dec 6 close: $10.90 PHILLIP SECURITIES RESEARCH, Dec 6 Compiled by CONRAD TAN INITIATING coverage. Keppel Corporation is a conglomerate that has a vision to be the provider of choice for solutions to the offshore and marine industries, sustainable environment and urban living. It has four
        526 words
    • Article, Illustration
      Lock icon US$ pushes back; euro falls towards channel support
      516 8 CURRENCIES Reuters [TOKYO] The US dollar yesterday recouped some ground lost from a renewed focus on US quantitative easing, and was helped by short covering, while the euro fell back towards channel support ahead of a meeting of European finance ministers. The
      Reuters; AFP  -  516 words
    • Article
      Lock icon RISES
      110 8 BY CENTS CLOSE UP DBXT DBCBDJUBS 10US$ 4018 689.1 15.2 DBXT DBLCI-OY 5US$ 4128 462.5 9.4 DBXT iBoxxKR 5US$ ***** 389.5 2.5 GLD 10US$ ***** 238.4 1.3 DBXT Nifty 10US$ ***** 218.9 1.3 IS S&P500 ***** 198.0 1.3 JMH 4600 164.1 2.8 DBXT MSAsExJp 10US$ 3300 149.8 3.6 DBXT
      110 words
    • Article
      Lock icon FALLS
      125 8 BY CENTS CLOSE DOWN OCBC Bk 5.1%NCPS 100 *****-210.0 -2.0 OCBC Bk 4.5%NCPS 100 *****-190.0 -1.8 UOB.ES.1012 1824 -34.0 -1.8 DBXT FTChina25 10US$ 3232 -31.3 -0.7 Lyxor China H 10US$ 1660 -26.1 -1.2 DBXT S&P Short 10US$ 4658 -15.6 -0.3 STXPO 100 1352 -12.0 -0.9 UOB 1810 -12.0 -0.7
      125 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      255 9 m Legend of the Seas 2-NIGHT MALACCA WEEKEND CRUISE Singapore Departure: 2011' Jan 8 3-NIGHT BEST OFjI^L^Y^feRlJISESingapore Departures: 2011' Jan 14, 21, Feb 6 3 I Singapore Ports-of-call: Singapore Penang Port Klang (Kuala Lumpur) #Chinese New Year sailing. 4-NIGHT ISLES OF SOUTHEAST ASIA CRUISE Singapore Departures: 2011' Jan 10,17, 29,
      255 words
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      350 9 Trade lots for less Commodity CFDs. Smaller lot sizes for greater trading flexibility with Saxo. fl? A i A v f i. t ,1 W K I ft. i 88 l Commodity futures contracts are great for hedging in a volatile market. With Saxo Capital Markets, you can go long
      350 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Nasdaq semicon firm opens factory at Kaki Bukit
      526 10  -  Ultratech will invest more than US$125m in the facility over the next few years By AMIT ROY CHOUDHURY NASDAQ-LISTED Ultratech, which is a leading supplier of systems used to make semiconductor devices and LEDs (light emitting diodes), yesterday opened an advanced manufacturing
      526 words
    • Article, Illustration
      Lock icon More SMEs adopting WSQ training, says survey
      647 10  -  By TEH SHI NING MORE companies are using the Singapore Workforce Skills Qualifications (WSQ) system with a sharp rise in take-up among SMEs, according to a Workforce Development Agency (WDA) survey. Large companies are still more likely to use the national skills development
      FILE PHOTO  -  647 words
    • Article
      Lock icon Tulip Garden up for collective sale with minimum $650m price tag
      353 10 TULIP Garden, a 164-unit development located just a stone’s throw from the CapitaLand group’s newly launched d’Leedon, has been put up for collective sale. Marketing agents Credo Real Estate said in a press statement yesterday that the price tag
      353 words
    • Article
      Lock icon Edgen Murray sets up Tuas distribution centre
      452 10  -  Centre will be able to stock over 30,000 tonnes of products By LINETTE LIM EDGEN Murray said yesterday it will move into a $25 million, 18,045 square metre distribution centre at Tuas on Dec 17. The centre will be able to stock more
      452 words
    • Article
      Lock icon Freudenberg acquires local seals supplier
      353 10  -  By LYNN KAN TEXAS-BASED Freudenberg Oil Gas has signed a contract to acquire 100 per cent of Singapore-based Offshore Seals (Asia), a leading supplier of seals to the upstream segment of the oil-and-gas industry. The deal will be completed on Jan 3. Freudenberg Oil Gas
      353 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Dec 31 deadline to sign up for GST Credits
        86 10 DEC 31 is the last day to sign up for GST Credits. Eligible Singaporeans who have yet to receive the credits are urged to move fast as this will be the final payout. A reminder from the CPF Board will also
        86 words
      • Article
        Lock icon SMU to get new dean of social sciences
        82 10 JAMES TH Tang, 53, will be dean of SMU’s school of social sciences from Jan 1, 2011. At present he is working in the University of Hong Kong’s (HKU) department of politics and public administration. He was dean of HKU’s faculty of
        82 words
      • Article
        Lock icon More sponsors for OCBC cycling event
        50 10 OCBC Cycle Singapore 2011 has signed three new sponsors petrol major Caltex, watchmaker Timex, and logistics provider Agility. Also, the 40km Challenge ride will now be called “The Nissan Challenge”, as Tan Chong Motor Sales and Nissan have signed on as naming rights partners.
        50 words
      • Article
        Lock icon Yishun industrial space launching tomorrow
        63 10 A’POSH BizHub, an eight-storey light industrial development to be launched tomorrow, has chosen Knight Frank as its sole marketing agent. Located at Yishun Avenue 6, the site is expected to draw interest from firms in the aerospace industry because of its proximity to Seletar Aerospace
        63 words
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      160 11 M With oneworld s award-winning lounges, service to over 750 of the world's finest destinations, and alliance-wide frequent flyer status and rewards, this year Christmas can be merry anywhere. oneworld®. always with you, moving up "X K A X Jo f I -JS1I -rS3 z v oneworld J AmericanAirlines BRITISH
      160 words
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  • SME spotlight
    • Article
      Lock icon China Sky jumps as portfolio rises marginally
      483 12  -  By TEH HOOI LING OUR small cap portfolio managed to eke out a little gain despite the less than bullish news headlines of late. China Sky staged its biggest advance in a long while. It climbed by 21.2 per cent. Other significant gainers
      483 words
    • Article, Illustration
      Lock icon Precision is the key at Fong’s Engineering
      857 12  -  The company’s latest venture is in making maritime satellite antenna systems under licence from a Swedish firm and it swiftly plans to move up the value chain, reports LINETTE LIM LINETTE LIM FOR a company that started out making jigs and fixtures for
      YEN MENG JIIN  -  857 words
    • Article, Illustration
      Lock icon S’pore family-run SMEs limited in growth: Hay
      724 12  -  By CHEN HUIFEN MANY small and medium-sized enterprises in Singapore have the potential to grow global, but they do not seem to be doing that right now because they are hampered as family managed businesses. The prognosis came from Hay Group Europe managing
      724 words
    • Article, Illustration
      Lock icon Kenko’s baby steps to success
      1004 13  -  Started with just two staff in 1991, it now has over 15 outlets in S’pore and 30 franchised outlets abroad, reports MIAK AW HUI MIN MIAK AW HUI MIN TWO decades ago, foot reflexology was almost unheard of in Singapore. When Jimi Tan started his
      ARTHUR LEE  -  1,004 words
    • Article, Illustration
      Lock icon Towards healthier workplaces
      1954 14 THIS WEEK’S TOPIC Health Minister Khaw Boon Wan recently said that SMEs may get more funding for Workplace Health Promotion (WHP) programmes, which was recommended by the National Tripartite Committee on Workplace Health. Will this encourage more SMEs to take up WHP? Which areas would your firm
      FILE PHOTO  -  1,954 words
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      332 12 [SAT3 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 And In the Matter of 1. BUKIT HOUSING DEVELOPMENT PTE. LTD. (Registration No: *****1067D) 2. E&R PARTNERS PTE. LTD. (Registration No: *****3264W) 3. KEVIEN GLOBAL PTE. LTD. (Registration No: *****9944M) 4. HUMPUSS CAPITAL MANAGEMENT PTE. LTD. (Registration No: *****1539K)
      332 words
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      54 13 PATEK PHILIPPE GENEVE Begin your own tradition. You never actually own a Patek Philippe. You merely look after it for the next generation. i. v i.« t 1 -J i M X r a > n w m £3 m m «8 n V Nautilus Ref. 5712/1 A, Nautilus cufflinks.
      54 words
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      98 14 Luxe Christmas 2010 What does New York mean to Donald Trump? A lot more than just the Manhattan skyline, extravagant parties, his hot TV show ‘The Apprentice’ or the place where he made his fortune. New York is home, and in his own flamboyant way, the real estate mogul shares
      98 words
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      122 14 Voices Next week’s topic: “The government has launched a $500 million fund, to be managed by Temasek Holdings, to invest in growth-oriented SMEs in Singapore. Will your SME be open to such funding, which will see co-investments from Temasek and private equity fund managers? Can you share a wish list
      122 words
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  • ECONOMY WATCH
    • Article
      Lock icon Corporate bonds attractive as US jobless rate rises
      459 15 Investors bet labour market woes will contain inflation Bloomberg [NEW YORK] Investmentgrade US corporate bonds are attracting investors betting a struggling labour market will help contain inflation after yields rose above 4 per cent for the first time since early August. Yields
      Bloomberg  -  459 words
    • Article
      Lock icon Saudi Nov non-oil business activity hits record
      271 15 Reuters [JEDDAH] Saudi Arabia’s non-oil private sector business activity climbed to its highest level to date on a record output increase, sharp rise in new orders and robust employment, a purchasing managers’ survey showed yesterday. The SABB HSBC Saudi Arabia Purchasing Managers’ Index
      Reuters  -  271 words
    • Article
      Lock icon Asia more likely to act if Fed spurs bond purchases
      413 15 Soft capital controls could be levied to stem fund inflows Bloomberg [HONG KONG] Asia’s policymakers would be more likely to impose “soft” capitalcontrol measures should the US expand its bond-pur-chase programme and increase the risk of fund flows into the
      Bloomberg  -  413 words
    • Article
      Lock icon Wheat prices rise as rains hit quality of Aussie crop
      314 15 Bloomberg [CANBERRA] Flooding and heavy rainfall in Australia may cut the quality of more than 40 per cent of the country’s wheat crop, according to estimates by the National Australia Bank. Wheat futures in Chicago rallied to the highest level
      Bloomberg  -  314 words
    • Article, Illustration
      Lock icon Bernanke says Fed may buy more than US$600b in bonds
      727 15 Fed will review stimulus plan based on jobless rate and economy’s response Reuters [WASHINGTON] The Federal Reserve could end up buying more than the US$600 billion in US government bonds it has committed to purchase if the economy fails to
      Reuters; PHOTO: REUTERS  -  727 words
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      211 15 Light A Heart r rN# Every bit counts this Christmas. A 30-foot high Christmas tree of lights needs your help to shine brightly for the patients and their families in Assisi Hospice. Your $10 contribution will bring Joy Goodwill to the many adults and children in need of palliative and
      211 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Selangor’s ruler urges end to water deadlock
      622 16  -  Sultan expresses concern row could impact badly on the state’s economy By PAULINE NG THE ruler of Selangor, Sultan Sharafuddin Idris Shah, has urged the federal and state governments to quickly resolve a longstanding impasse on an in-ter-state water transfer project to forestall
      THE STAR  -  622 words
    • Article
      Lock icon Bank Indonesia to curb amount of rupiah held by foreigners
      319 16 Reuters [JAKARTA] Indonesia’s central bank aims to reintroduce a limit on rupiah accounts held by foreigners in the first quarter of 2011 to reduce the currency’s volatility amid strong foreign capital inflows, a deputy governor was quoted as saying yesterday.
      Reuters  -  319 words
    • Article
      Lock icon Indonesian terrorists target oil executives
      209 16 Xinhua [JAKARTA] Terrorists planned to attack executives of an international oil company in Riau province as well as tourists visiting Anak Krakatau volcano in the Sunda Strait, local media reported here yesterday. An Indonesian policeman who spoke on condition of anonymity, said that police learned
      Xinhua  -  209 words
    • Article
      Lock icon Malaysian Indian party leader Samy Vellu steps down
      479 16 AP [KUALA LUMPUR] The longtime leader of Malaysia’s main ethnic Indian party stepped down yesterday after more than three decades at the helm, leaving a legacy tarnished by the 2008 general elections when supporters abandoned him in droves. S Samy Vellu, who
      AP  -  479 words
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      76 17 LE?/AVRE Connecting Europe fL r EuroD -pore o c* -ru /u H«"* r l"° fe- &*°f c0> f 0^ 0 rtu U Uile ■F" .,J« j 100 Otoe 0 u p$i At; M •nar life i J- it mS>[< w r r h.-V.I'; -wr. iM'\ i'js-i jsa ic T U-
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Time for HK to rethink US$ peg?
      841 18 Super-loose US monetary policy adding to worries over price pressures Reuters [HONG KONG] Is the Hong Kong government rapidly approaching the day when it has to decide whether to scrap or overhaul its dec-ades-old currency peg? The demise of the peg to the
      Reuters; BLOOMBERG FILE PHOTO  -  841 words
    • Article
      Lock icon India aims to increase FDI in insurance
      340 18 Bloomberg [NEW DELHI] India aims to raise the limit on foreign direct investment in the insurance industry to attract companies to the US$41 billion market, according to Montek Singh Ahluwalia, deputy chairman of the nation’s Planning Commission. “I am hopeful it will be
      Bloomberg  -  340 words
    • Article
      Lock icon Obama urges China to rein in ally N Korea
      402 18 AFP AP [BEIJING] US President Barack Obama urged China’s leader in a phone call yesterday to send Beijing ally North Korea a message that “its provocations are unacceptable”, while the Chinese leader urged restraint. Chinese President Hu Jintao said during the
      AFP; AP  -  402 words
    • Article, Illustration
      Lock icon France, India in US$9.3b nuke power deal
      459 18 Pact covers 2 of 20 nuclear reactors India wants to build AP [NEW DELHI] India and France signed a multibillion dollar agreement yesterday to build two nuclear power plants in India as French President Nicolas Sarkozy worked to drum up business for his
      AP  -  459 words
    • Article
      Lock icon Currency peg limits China’s monetary policy: Bernanke
      498 18 Reuters [WASHINGTON] China’s currency peg hurts US exports but is also bad for the Chinese economy, since it prevents the country’s authorities from running their own monetary policy, Federal Reserve chairman Ben Bernanke said. “They need to continue doing what they had been
      Reuters  -  498 words
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      106 18 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
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      6264 19 MAP TECHNOLOGY HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****5617H) MIN AIKTECHNOLOGY CO., LTD. (Incorporated in Republic of China) (Company Registration No. *****480) JOINT ANNOUNCEMENT PROPOSED VOLUNTARY DELISTING OF MAP TECHNOLOGY HOLDINGS LIMITED 1. INTRODUCTION 1.1 Delisting Proposal. The respective directors of Min Aik Technology Co.,
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  • WORLD
    • Article
      Lock icon AOL mulls break-up, Yahoo merger
      609 20 Plans are still in the exploratory stage and Yahoo has not been contacted Reuters [NEW YORK] AOL Inc, undergoing a radical transformation into the king of content on the Internet, is actively exploring a break-up involving a complicated series of transactions that may lead to
      Reuters  -  609 words
    • Article
      Lock icon Exiled Thaksin to visit US next week
      369 20  -  By LEE U-WEN THAILAND’S fugitive former prime minister Thaksin Shinawatra has confirmed he will visit the US next week to testify on alleged human rights violations involving opposition Red Shirts during this year’s bloody anti-govern-ment protests. The controversial 61-year-old billionaire is due to
      369 words
    • Article, Illustration
      Lock icon WikiLeaks founder feeling the heat
      493 20 AP [GENEVA] WikiLeaks’ elusive founder, his options dwindling, has turned to Switzerland’s credit, postal, and Internet infrastructure to keep his online trove of US State Department cables afloat. Supporters say Julian Assange, an Australian living in Britain, is considering seeking asylum in Switzerland. He told
      AP  -  493 words
    • Article
      Lock icon Madoff trustee files US$9b claim against financial institutions
      601 21 HSBC heads list of defendants that also includes UBS and JPMorgan Chase NYT [NEW YORK] The trustee seeking assets for victims of Bernard L Madoff’s global Ponzi scheme filed a lawsuit on Sunday seeking US$9 billion from a roster of defendants headed
      NYT  -  601 words
    • Article
      Lock icon Otsuka’s US$2.4b IPO priced at 2,100 yen
      463 21 Reuters [TOKYO] Japan’s Otsuka Holdings priced shares in its US$2.4 billion initial public offering (IPO) at the lower end of its range yesterday, reflecting investors’ concern about the Japanese drugmaker’s growth potential. The conservative pricing also suggests underwriters wanted to ensure investors gain
      Reuters  -  463 words
    • Article
      Lock icon 120t roubles of fishy money transfers reported
      235 21 Reuters [MOSCOW] Russian financial institutions reported 120 trillion roubles (S$4.9 trillion) of suspicious transactions to the anti-money laundering watchdog in the first nine months of 2010, the Kommersant daily reported yesterday. Russian businessmen sent hundreds of billions of dollars abroad in the years
      Reuters  -  235 words
    • Article, Illustration
      Lock icon Climate envoys consider 2-year deadline for curbing carbon
      541 21 Pledges would have to be in place in the first half of 2012 Bloomberg [CANCUN] Diplomats at United Nations climate talks this week will consider a two-year deadline for industrial nations to sign up for further cuts in green-house-gas emissions after Kyoto
      Bloomberg; REUTERS  -  541 words
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      Lock icon Philippines: Call centre capital of the world
      559 21 AFP [MANILA] The Philippines has become the call centre capital of the world, overtaking India as the No 1 player in the global business outsourcing market, according to industry data and the government. President Benigno Aquino has led celebrations in recent weeks as
      AFP  -  559 words
    • Article
      Lock icon Low investor confidence dampens German bond market
      657 22 Leaders in Europe, unlike the US, fail to convince they are addressing problems Bloomberg [NEW YORK] Germany is being penalised in the global bond market as European leaders fail to show investors that they have a plan that will succeed in curing the
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    • Article
      Lock icon Moody’s cuts Hungary’s rating to just above ‘junk’ grade
      407 22 Reuters [BUDAPEST] Credit rating agency Moody’s yesterday cut Hungary’s sovereign rating by two notches, to just above “junk” grade, and said that it may cut further if the government fails to put public finances on a sustainable footing. Hungary’s government has
      Reuters  -  407 words
    • Article, Illustration
      Lock icon Kan seeks small parties’ backing to break gridlock
      639 22  -  Japanese PM rejects opposition calls to reshuffle his Cabinet By ANTHONY ROWLEY STRUGGLING with threatened legislative gridlock and a dramatic decline in his Cabinet’s popularity, Japan’s embattled Prime Minister Naoto Kan vowed yesterday to seek cooperation with two small political parties in
      AFP  -  639 words
    • Article
      Lock icon Financial firms mull earlier bonus payouts on tax fears
      881 22 NYT [WASHINGTON] Worried that lawmakers will allow taxes to rise for the wealthiest Americans beginning next year, financial firms are discussing whether to move up their bonus payouts from next year to this month. At stake is a portion of the
      NYT  -  881 words
    • Article
      Lock icon Banks facing strict Europe rules on dark pool trades
      517 22 Reuters [LONDON] Top investment banks which offer their clients “dark pool” share trading platforms are facing an uphill battle against Europe’s stock exchanges over keeping these murky trading venues outside the mainstream of market regulation. European regulators are set to publish
      Reuters  -  517 words
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      69 20 ■•'I Wmm LUXURIOUS CONDOMINIUM SHOWROOM NOW OPEN FOR VIEWING |\Ay XWHPIBE ijk I 70% of SPH Chinese newspapers readers do not read English dailies*. If you are not advertising in SPH Chinese newspapers, your business is missing out on 900,000 potential customers with a variety of needs. To maximise your
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      332 21 IN THE MATTER OF THE COMPANIES ACT, CAP 50 (“the Act”) AND IN THE MATTER OF ISYNDICA PTE. LTD. (“the Company”) (Co. Reg. No. *****7499R) Notice of Resolutions for Members’ Voluntary Liquidation (Pursuant to Section 290) At an Extraordinary General Meeting of the Company held at 13A Mackenzie Road, Singapore
      332 words
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  • Page 22 Advertisements
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      110 22 RCL FEEDER PTE LTD NOTICE TO TRADE CHENNAI TRADE RECOVERY We wish to inform the trade that we will implement a Chennai Trade Recovery (CTR) of USD65.00 per TEU (Laden) for all SOC Containers from Singapore/Port Klang to Chennai and vice versa. This will be for an initial period of
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      386 23 Outstanding Chief Executive Award -Mr Presented to the chief executive who has made an outstanding contribution to his or her company's financial performance and growth. r t?*D tfl*RP CUfl/Ous t, DRWEN TOUGH COOKIE INNOVATIVE GLOBAL LOOfo/y,. MOTIVATOR LEADER M£77c >4 <s. 'to/. °-9. ir o. °Q *b. Vj Businessman of
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  • EDITORIAL & OPINION
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      Lock icon New Iata boss could raise Asia’s profile
      446 24 EDITORIAL THE International Air Transport Association (Iata) has finally announced that Cathay Pacific’s well known CEO, Tony Tyler, will succeed straight-shooting Giovanni Bisignani as its director-general and chief executive officer. The decision to elevate Mr Tyler to the head of the body whose
      446 words
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      Lock icon It makes sense to look at an abrupt China slowdown
      825 24  -  THE BOTTOM LINE WILLIAM PESEK JR The writer is a Bloomberg News columnist. The opinions expressed are his own Bloomberg FITCH Ratings is performing a timely mind experiment: Pretend Chinese growth fell below 5 per cent. Fitch isn’t forecasting a
      Bloomberg  -  825 words
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      Lock icon Dealing with exiting eurozone investors
      1043 24  -  IMF and ECB must show they have enough funding to finance exit of all short-term investors By DANIEL GROS The writer is director of the Centre for European Policy Studies Project Syndicate, 2010 [BRUSSELS] THE eurozone is being thrown into turmoil by a collective rush
      Project Syndicate, 2010; REUTERS  -  1,043 words
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      Lock icon Tackling US’ mammoth deficits, debt
      1487 25  -  Global financial rejection could, in time, force a profound shift in fiscal policy if the govt continues to overspend 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
      REUTERS  -  1,487 words
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      Lock icon FTAs to the rescue in boosting American jobs?
      1046 25  -  LEON HADAR Washington Correspondent THE bad economic news hit Washington at the end of a very depressing week dominated by bipartisan bickering over whether to extend tax cuts and unemployment benefits and how to cut the swelling federal deficit not to mention
      AFP  -  1,046 words
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  • AVIATION
    • Article
      Lock icon Continental fined for Concorde crash in 2000
      611 26 AFP [PARIS] A French court fined Continental Airlines yesterday for the 2000 Concorde crash in which 113 died, but did not jail anyone for a disaster that effectively ended commercial supersonic air travel. The court found the US airline criminally responsible for the
      AFP  -  611 words
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      Lock icon Cathay chief to take over as Iata head on July 1
      683 26  -  He will be succeeded by airline’s chief operating officer By VEN SREENIVASAN [SINGAPORE] Cathay Pacific Airways chief executive Tony Tyler will leave the Hong Kong-based airline on March 31 to succeed Giovanni Bisignani as directorgeneral and CEO of the
      683 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3209 26 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 KU6458 1425 --SQ458 1425 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 9W4081 1830 AF8087 1830 BA7381 1830 JL5084 1830 MU8213 1830 QF81 1830 Ahmedabad NH6292 1850 SQ530 1850 Amsterdam LO4031 0605
      3,209 words
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      Lock icon Spain air services back to normal
      661 26 AFP [MADRID] Hundreds of thousands of passengers packed Spain’s airports on Sunday as air services returned to normal after the military forced air traffic controllers to end a 24-hour wildcat strike under threat of jail. Public Works Minister Jose Blanco said 97 per cent
      AFP; AP  -  661 words
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      3438 27 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.
      3,438 words
  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      324 26 CRYPTIC CROSSWORD Across 8 Where to see a frog play around, wearing cap? (4,3) 10 Dress for action? (7) 11 Invokes admiration, rejecting house full of journalists (9) 12 Scrooge is a gentleman with no time (5) 13 Subject to snap (5) 14 Perhaps the Stones grow old and get
      324 words
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      27 27 Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 —.THE BUSINESS TIMES SHIPPING TIMES
      27 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Shipping under pressure to cut emissions
      728 28 NYT [BRUSSELS] In an era when industries are competing to shrink their carbon footprints, shipping has charted a slower course. Shipping is less visible to the public compared with airlines and smokestack industries, making it less exposed to calls for regulation. Shipping also carries
      NYT; AFP  -  728 words
    • Article
      Lock icon Shares of Dalian Port surge in Shanghai debut
      621 28 It reflects a healthy investor appetite for reasonably priced IPOs Reuters [SHANGHAI] Dalian Port shares rose as much as 45 per cent on their first day of trade in Shanghai yesterday after the company raised 5.7 billion yuan (S$1.12 billion) in its
      Reuters  -  621 words
    • Article
      Lock icon TRANSPORT STOCKS
      278 28 SGX '000 Dec 6 S$ +/-Vol CH Offshore 0.47 -0.01 111 Chuan Hup Hldg 0.23 -0.01 50 Cosco Corp 2.10 -0.01 ***** CWT Ltd 0.96 0.01 623 Ezra Hldgs 1.66 -0.02 2225 First Ship Lea 0.44 unch 269 Freight Links 0.08 unch 6598 Grand Banks unch unch 0
      278 words
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      266 28 vedanta Port Operators Terminal Management Expression of Interest Vedanta Resources pic ("Vedanta") is a London stock Exchange listed FTSE 100 diversified metals and mining major with revenues in excess of USD 7.9 billion. The group produces Aluminium, Copper, Zinc, Lead and Iron ore and also commercial energy. Vedanta has operations
      266 words
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      Lock icon Page 28 Advertisements Column 2
      112 28 SAMUDERA SHIPPING LINE LTD NOTICE TO TRADE CHENNAI TRADE RECOVERY In order to enable us to sustain our service, we regret that we have to implement a Chennai Trade Recovery (CTR) of USD65.00 per TEU (Laden) for all SOC Containers from Singapore/Port Klang to Chennai and vice versa for an
      112 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8937 29 Transaction date: Dec 6 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 unch 60 18 18 18 18.5 1.7 10.1 5.8 86.2 12 5 5834
      8,937 words
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      Lock icon SGX CATALIST
      1618 30 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 unch 3 165 165 159
      1,618 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9441 30 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.31/ APS Alpha Fund (USD)!** 1/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM
      9,441 words
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      Lock icon SGX ETF
      864 30 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 $mil 124 107 6389 ABF SG Bond ETF 114 108 115 520.4 1056 761 CIMBAsean40 100US$ US1010 1006 1008 40.4 335 270 DBS STI ETF
      864 words
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      Lock icon GLOBALQUOTE
      259 30 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 $mil 56 38 6000 AVJennings A47.5 -2.5 11 47.5 47 48 50.5 3.6 7.4 3.8 123.7 55 16 6017 Genting HK US$ US43 unch ***** 44
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 31 In local curr In S$ In US$ dy yr dy yr dy yr Dec 3 Index Change Change Change Change Change Change World Index Preliminary 877.3 -0.1 5.4 0.1 -1.3 0.5 6.4 EAFE Preliminary 790.6 0.0 0.7 1.0 -5.1 1.4 2.3 Europe Preliminary 1154.0 -0.1
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    • Article
      Lock icon INTERBANK RATES
      177 31 Dec 6 $S Offer Bid 0vernight 0.04 0.02 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.35 0.25 1 month 0.42 0.32 2 months 0.45 0.35 3 months 0.48 0.38 6 months 0.57 0.47 9 months 0.80 0.60 12
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 31 Dec 6 S$ Bid Offer 1-month 1.3027 1.3032 2-months 1.3027 1.3032 3-months 1.3027 1.3032 6-months 1.3027 1.3033 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 31 Dec 06 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.333 1.258 Can dollar 1.322 1.272 Euro 1.776 1.708 Sterling pound 2.091 2.011 NZ dollar 1.024 0.976 US dollar 1.322 1.272 Local dollars to 100 units of foreign
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      Lock icon STOCK INDEX FUTURES
      27 31 Dec 6 Open High Sett STI Dec 3172 SIMSCI Dec 374.6 377.0 373.1 Taiwan Dec 307.7 310.3 309.6 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      73 31 Dec 6 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 10 3620 3630 3628 3600 72 1317 Jan 11 3579 3656 3662 3579 1107 ***** Feb 11 3545 3610 3618 3610 ***** ***** Mar 11 3506 3565
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      424 31 Dec 6 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec10 99.6775 0 7595 Mar11 99.5500 0 7021 Jun11 99.4750 0 3611 Sep11 99.4050 0 1441 EUROYEN TIBOR FUTURES Dec10 99.6650 99.6650 99.6650 99.6650 1 4588 Mar11 99.6450 2 1454 Jun11 99.6350 100 1379 Sep11 99.6175 99.6175
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    • Article
      Lock icon SICOM FUTURES
      137 31 Dec 6 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jan 11 452.0 452.0 452.0 10 Feb 11 452.0 452.0 452.0 20 Mar 11 452.0 Apr 11 452.0 May 11 453.5 Jun 11 453.5 Jul 11 447.0 447.0 452.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      90 31 Dec 6 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 10.03.2011 0.36 0.38 0.33 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 103.80 103.89 103.79 5-Year N*****0S 2.875 01.07.2015 107.38
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    • Article
      Lock icon CHICAGO BOT
      107 31 Dec 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 11 1300.25 1279.75 1301.50 1274.00 Mar 11 1307.00 1287.75 1309.00 1282.50 May 11 1308.25 1289.25 1310.00 1284.25 Jul 11 1310.50 1291.25 1312.00 1286.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 10 53.08
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 31 CRUDE OIL PRODUCTS Dec 3 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 90.75 1.23 WTI (Near Mth) 89.32 1.31 Dubai (1-Mth F) 87.65 1.55 Tapis blend 95.70 1.90 Minas 90.95 1.80 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 91.33 0.33 Jet Kerosene 102.15 1.55 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2284 31 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 1.5 unch 368 1 3 -10 3.33 0 AFP Properties EW*****8 32 unch 296 1 10 -3 1.36 59 6221 Asia-Pacific Strat W*****6 35.5 2.5
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 31 Dec 6 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.995 6.583 0.741 7.692 44.414 89.229 0.820 11.232 3.113 1.295 85.020 43.463 1.291 6.796 0.965 29.864 29.730 0.629 0.991 Canada 1.005 6.618
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      Lock icon SIBOR
      85 31 Dec 6 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 31 Dec 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2897 1.2915 0.9900 0.9910 Canadian dollar 1.2967 1.2979 0.9954 0.9959 Euro 1.7404 1.7419 1.3360 1.3366 NZ dollar 0.9959 0.9966 0.7645 0.7647 Sterling pound 2.0518 2.0529 1.5750 1.5753
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    • Article
      Lock icon PRECIOUS METALS
      139 31 GOLD (US$/oz) Dec 03 Dec 06 Hong Kong 1391.20 1414.00 Dec 02 Dec 03 London 1390.82 1406.80 1391.59 1407.55 Source: Thomson Reuters CAST BAR Dec 06 (S$) Selling Buying Kilobar 63,384.66 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 142 59 5gm 403 296 10gm 720 591 20gm
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    • Article
      Lock icon LONDON METALS
      69 31 Dec 3 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2301.00 2329.75 3 months 2319.00 2348.00 Copper, Grade A (US$/tonne) Cash 8767.00 8774.50 3 months 8725.00 8720.00 Lead (US$/tonne) Cash 2316.75 2351.75 3 months 2340.00 2374.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • Article
      Lock icon LIFFE
      82 31 Dec 3 COCOA (£/tonne) Close Prev High/Low Dec 10 1954 1910 1964/1918 Mar 11 1959 1923 1962/1920 May 11 1973 1941 1977/1938 Jul 11 1990 1959 1994/1953 COFFEE (US$/tonne) Close Pev High/Low Jan 11 1864 1867 1885/1848 Mar 11 1864 1848 1871/1838 May 11 1879 1863 1886/1850 Jul 11
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  • PROPERTY
    • Article, Illustration
      Lock icon New home projects draw out buyers
      603 32  -  All but penthouses at Robinson Suites sold; 205 units of d’Leedon taken up By KALPANA RASHIWALA SEVERAL new residential projects sold well last week. All but the five penthouses at the 167-unit freehold Robinson Suites are said to have been sold over a three
      603 words
    • Article
      Lock icon S’pore, M’sian investors in RM500m venture
      578 32 Development will be on 1.68 ha site in Danga Bay, Johor Bernama [JOHOR BAHRU] Singaporean and Malaysian investors yesterday announced a partnership to jointly develop a RM500 million (S$207.26 million) new waterfront residential and commercial project in Johor. To be known as Azea Properties,
      Bernama  -  578 words
    • Article
      Lock icon GuocoLand China to go bigger on projects
      448 32 Bernama [KUALA LUMPUR] Malaysia’s Hong Leong Group property arm, GuocoLand (China) Ltd (GLC), is set to go bigger into integrated development in China from its early years of single building projects when it first set foot in that country. GLC managing director Violet
      Bernama  -  448 words
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      Lock icon Ascott wins bid to manage bungalows
      326 33  -  It was highest bidder that fully met tender specifications By UMA SHANKARI CAPITALAND’S service apartment unit The Ascott Limited has been awarded the master tenancy contract for 33 black and white bungalows at Mount Pleasant. Ascott’s bid was only the third highest. But the
      326 words
    • Article
      Lock icon S’pore, HK property markets seen as highly attractive
      392 33  -  However, expected returns from their properties are not the best in Asia By EMILYN YAP SINGAPORE and Hong Kong are the most attractive markets for property investment in Asia, said Pacific Star Group. The real estate investment house ranked 11 Asian markets
      392 words
    • Article
      Lock icon S’pore ranks top for property investments
      337 33 Survey respondents cite strong growth, brisk financial sector Reuters [HONG KONG] Singapore and Shanghai rank top among Asian cities as the best real estate investment destinations, while Osaka and Manila are seen as the least ideal, an industry survey showed yesterday. Singapore topped the
      Reuters  -  337 words
    • Article
      Lock icon URA explains why DPS is still available for exec condos
      431 33  -  By EMILYN YAP PROPERTY developers can continue to offer the deferred payment scheme (DPS) for executive condominiums (ECs) because eligibility and ownership rules keep speculation in such projects at bay. But homebuyers hoping that the interest absorption scheme (IAS) and
      431 words
  • Page 32 Advertisements
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      Lock icon Page 32 Advertisements Column 1
      123 32 Enbloc Sale of Tulip Garden Rare Large Freehold Site in District 10 •Fronts Leedon Hts, Farrer Rd Holland Rd •Land area 316,708 sf; GPR 1.6 12-sty •Approx. 500m to Farrer Rd MRT Station •2 km to Nanyang Pri Raffles Girls’ Sch •Potential for 400 apts of ave 1,325 sf Tender
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      1012 32 BUY IT SELL IT FIND IT [£AT3 Q Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES THE COMPANIES ACT (CAP 50) PURSUANT TO SECTION 308(2) TSS ADVISORY PTE. LTD. (IN MEMBERS’VOLUNTARY LIQUIDATION) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the final meeting of the above Company which is being
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      375 33 SERENE HOUSE SERENE CENTRE Next to Botanic Gardens MRT Station (Circle Bukit Timah lines Interchange) Close to prestigious schools: Nanyang Pri, Raffles Girls' Pri, S'pore Chinese Girls', Hwa Chong Institution, etc. SERENE HOUSE Freehold residential site Land area: 39,828 sq ft approx. Adjoining state land: 9,192 sq ft approx. Plot
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      191 33 Toa Pay oh Central 4 Units of Exclusive Single Storey B1 Terrace for Lease i:»x Able to accommodate ancillary office, showroom, production and warehouse under one roof Car parks, container parking available Built in around 8500 sq ft per unit High ceiling around 30ft mml TOA PAYOH CENTRAL B1 SPACE
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  • LEADERS' PERSPECTIVE
    • Article, Illustration
      Lock icon Shooting for the stars at SMU
      1298 34  -  New president Arnoud De Meyer is brimming with ideas to take the young university places, reports LEE U-WEN LEE U-WEN HAVING left a university with an 800-year history to join one that recently celebrated only its 10th birthday is a fact that’s not lost
      ARTHUR LEE  -  1,298 words
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      171 34 Sheer pml-bmw.com.sg I Driving Pleasure o Performance Motors Limited. Sime Darby Performance Centre, 303 Alexandra Road. Tel: 6319 0100. THE SECOND PRINCIPLE OF LEADERSHIP FOLLOW YOUR INSTINCTS. In the uncertain world of business, only one thing is certain your judgment. How you leverage the window of opportunity to stay ahead
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      7 34 This series is brought to you by
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  • APEA2010
    • Article
      Lock icon Recognising spirit of enterprise
      560 1 NTREPRENEURS are people who do what the French origins of the word suggest: They undertake a commitment to build their own enterprises. This year, the second Asia Pacific Entrepreneurship Awards (APEA) and the Asia Responsible Entrepreneurship Awards (AREA) honoured 31 local business people who did just
      560 words
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      2551 2  -  Three young entrepreneurs tell LYNN KAN what drives them and what it’s like heading a company at their age LYNN KAN RUNNING a business comes more easily if one has credibility, something that comes with age and experience. That might be part of the reason why
      2,551 words
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      1825 4  -  Two entrepreneurs talk to LYNN KAN about the challenges they face and the gender imbalance at the top of the corporate hierarchy LYNN KAN WOMEN are steadily filling seats around the boardroom table, a far cry from the time when they were relegated to being secretaries
      FILE PHOTOS  -  1,825 words
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      Lock icon Marching to his own drumbeat
      1074 6  -  Serial System’s Derek Goh, winner of the Entrepreneur of the Year award, grows his company by eschewing conventional wisdom. LYNN KAN reports LYNN KAN AN underrated quality shared by many first-gen-eration businessmen is their scrappiness. Pugnaciousness is what you get when talking to the founder
      YEN MENG JIIN  -  1,074 words
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      Lock icon All set to take the world by storm
      1140 8  -  Henn Tan, CEO of Trek 2000, says his company is going on a global warpath, reports LYNN KAN LYNN KAN THE dark side of invention is that technology can be used for any purpose on this good earth, including shady, criminal activity.
      FILE PHOTO  -  1,140 words
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      Lock icon Getting through the storms
      1468 9  -  The Asian financial crisis, Sept 11 and Sars took a toll on many firms. Four entrepreneurs tell KAREN NG how they overcame the tough times KAREN NG IT might take the mental strength of a warrior and the tenacity of a salmon swimming upstream for a
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      Lock icon Heeding the call of duty
      981 10  -  Elim Chew believes that successful entrepreneurs have a greater responsibility to contribute to society. LINETTE LIM reports LINETTE LIM THE walls of the conference room in Elim Chew’s Serangoon North office would make most visitors feel small: they are plastered with awards and framed articles
      YEN MENG JIIN  -  981 words
    • Article
      Lock icon Entrepreneurs with heart
      389 10 ‘In 2000, the Ong Siew May Professorship was set up to pave the way for world eminent practitioners to lecture at the National University of Singapore’s Department of Architecture. In 2010, we sponsored two final-year NUS School of Architecture students under the auspices of the Building and
      389 words
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      Lock icon Bringing ‘green’ values to business
      876 11  -  Michael Ma, group CEO of Indochine, has a soft spot for sharks and deplores the serving of shark’s fin soup. By LYNN KAN By LYNN KAN STRAGGLY-HAIRED, Australian-accented Michael Ma from resort and nightspots group Indochine looks every bit the tree-hugging greenie he professes to
      FILE PHOTO  -  876 words
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      Lock icon Preventing an identity crisis
      780 11  -  ITCAN takes steps to ensure that its staff around the world remain connected and engaged. LYNN KAN reports LYNN KAN ITCAN’S office is small. Glance around and you’d wonder just how this IT services company could have won the Asia Responsible Entrepreneur Award for investing in
      780 words
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      Lock icon A new start with fresh strategies
      976 12  -  Brightstar Logistics and Sing Lun took different approaches to ensure their survival and today both companies are enjoying the results. KAREN NGreports KAREN NG ONE was lightning fast while the other moved at a more evolutionary pace. Johnny Mayani of Brightstar Logistics took the
      FILE PHOTO  -  976 words
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      120 1 CONTENTS: Young minds, big ideas PAGE 2 Women at the top PAGE 4 Derek Goh: Marching to his own drumbeat PAGE 6 r. APEA A B\EENTREPR ENE( AREA r 1 'A ASIA PACIFIC ENTREPRENEURSHIP AWARDS ASIA RESPONSIBLE ENTREPRENEURSHIP AWARDS Asia Pacific Entrepreneurship Awards 2010 SINGAPORE ilfi% V V WW* v
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      73 2 GRATULA V to K ue V-^1 H ■<* L ft? I Ml [fflT 1 vuuuiif- MBS*' MET- 3*0 Ji05b w* w *<*• i* 1 wm < > Mr. C K Phua Group Chief Executive Managing Director of -j 0' <i -.'•5 1 53 //iftW wir// mo TEE International Limited TEE
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      245 3 rave Years Grand Heritage 1920-2010 > J MR. STEVE FUNG CEO/Executive Director on being awarded the Asia Pacific Entrepreneurship Awards 2010 as one of the Outstanding Entrepreneurs. Safe2Travel, formerly known as SAFE Mansfield Travel Group; has gone from strength to strength over the past 90 years to be one of
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      89 4 ONGRATULAT Vfe v filk C?*J I, «/< fir fc i\^m T> ,ff= f ILSMH^ .s'^iEa.dAf.7 /Ir. C K Phua W&M Group Chief Executive Managing Director of B Ifr &«R v J.'' 'Mi tf t V 51 IF //IIW \\1I// TEE TEE International Limited TEE International Limited for winning the APEA
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      160 5 Our rci^ c 7^ ASIA PACIFIC ENTREPRENEURSHIP AWARDS r. APEA 2010 m K 0 MR SEAN LEE, CEO OF MARCO POLO MARINE LTD ON BEING AWARDED THE APEA YOUNG ENTREPRENEUR OF THE YEAR 2010 AWARD Marco Polo Marine is a growing integrated marine logistic group that facilitates the growth of
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      408 6 It <&. APEA 2010 ASufMOHC lMwrwsii«MUf Akmt* TM To Mr. Amit Sujan (President CEO), ITCAN Pte Limited Asia Pacific Entrepreneurship Awards (Category Most Promising Entrepreneur Award) Asia Responsible Entrepreneurship Awards (Category Investment in People Award) f AREA ASIA RESPONSIBLE ENTRIPRtNtURSHIP AWARDS ITCAN PTE LTD, headquartered in Singapore, offers a full
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      359 7 "BEST VIEW IN THAILAND 18 'MfcS oj-'i IndoChine HOTELS RESORT An exquisite 5 star design situated across the bay from Patong Beach in a prominent location, exclusive beach front with breathtaking sunset city and magnificent ocean views, surrounded by rainforest and natural butterflies and bird-life. Intimate seclusion, familiar pleasures with
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      252 8 The Entrepreneur of the year ROTARY-ASME AWARD Singapore Prestige Brand Award 10 Wrner, SF6A Established Bands NGAPORE PRESTIGE BRAND AWARD 2010 0 0 \fi r Mr. Joshua Yim CEO of Achieve Group ACHIEVE Group ACHIEVE Career Consultant Pte Ltd ACHIEVE Technology Asia Pacific Pte Ltd ACHIEVE International Recruitment Pte Ltd
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      133 9 "V Mr Ricky Yeo truments (5>) M ACEZ Group of Companies congratulates Mr Ricky Yeo, CEO on being awarded Most Promising Entrepreneur it the 2010 Asia Pacific En ACEZ Group of Companies, with strategic presences in China, Indonesia, Philippines and Singapore, is one of the leading Manufacturer and Provider of
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      234 10 Our Heartiest Congratulations to our Executive Chairman Group CEO, Dr. Derek Gok BBM on being awarded tke Asia Pacific Entrepreneurskip Awards 2010 Entrepreneur Year 2010 3V Serial System is a leading semiconductors/components distributor in the Asia Pacific region, offering design supports, technology solutions and services, materials planning and inventory management.
      234 words
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      333 11 Pheim ASEAN Emerging Companies Growth Fund Ltd Ranked by Morningstar in terms of total returns in US Dollars as at June 2010, for 1- to 15-year (except 6 th 7 th year) periods for the Morningstar Category ASEAN Equity Funds. Your Need Is Our Focus Pheim Asset Management (Asia) Pte
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      91 12 m m m i Ms Doreen Liu Managing Director World Scientific Publishing being conferred the Woman Entrepreneur of the Year 2010 ./tea c o /a /to B B&lo Enterprise Pie ltd £3 DBS Offset pflSng (S) Pie Ltd. FUJI xerox IDC DnnL mainianiQ/ IBS Bookmaster (S) Pte Ltd r ress
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