The Business Times, 25 December 2010

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Microfilm: NL30984
Total Pages: 45
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    18 1 weekend THE BUSINESS TIMES DECEMBER 25-26, 2010 S$1.00 sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 139/08/2010 www.businesstimes.com.sg
    18 words
  • Article, Illustration
    Lock icon ’Tis the season of giving and scoring gentle PR points
    982 1  -  Companies donate generously, but also shrewdly, as they size up their beneficiaries and the potential limelight from charity By Teh Shi Ning tshining@sph.com.sg Singapore IhavthehonisN this season of giving, companies have opened up their hearts and their wallets but with
    PHOTO: YEN MENG JIIN  -  982 words
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      170 1 DECEMBER 25-26, 2010 S$1.00 MOTORING Peugeot RCZ: French flair L19 s’pore manufacturing Growth outstrips expectations BOOSTED by the bio-medical cluster, Singapore’s manufacturing output outstripped expectations by surging 39.8 per cent in November. 2 love connections Cupid works overtime DATING agencies accredited by the Social Development Network report a big membership
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      Lock icon Page 1 Advertisements Column 2
      23 1 WEALTH How much is the Reit worth? 26-27 DINING Expats’ Christmas traditions L8-11 RAFFLES CONVERSATION Ole Enger, chief executive officer, Renewable Energy Corporation
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  • TOP STORIES
    • Article
      Lock icon S’pore Nov factory output soars 39.8%
      431 2  -  Biomedical manufacturing cluster surged 166.7% year-on-year on the back of a 189% gain by the pharmaceuticals segment By Nisha Ramchandani nishar@sph.com.sg Singapore BOOSTED by the bio-medical cluster, Singapore’s manufacturing output outstripped expectations by surging ahead 39.8 per cent in November, compared to the corresponding
      431 words
    • Article
      Lock icon Critical issues arise as MBS sues to recover gambling debt
      1003 4  -  As casino seeks to enforce collection of $250K gambling debt, focus will be on definition of ‘premium player’ and law that discourages lending to Singaporean gamblers By Grace Leong gleong@sph.com.sg Singapore THE first lawsuit brought by a casino in Singapore
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    • Article
      Lock icon M’sian banking sector to stay positive in 2011
      440 4 Banks seen sustaining profitability as interest margins remain high Bernama Kuala Lumpur THE Malaysian banking sector is expected to remain positive next year in line with the better economic backdrop. Most banks are expected to continue to register healthy sequential earnings growth,
      Bernama  -  440 words
    • Article
      Lock icon Japan Cabinet approves record draft budget
      615 6  -  New debt to top tax revenues again; budget deficit financed by raiding special accounts a stopgap measure pending increasing taxes By Anthony Rowley bt wo rl d @s p h .co m .sg Tokyo JAPANESE Prime Minister Naoto Kan’s Cabinet yesterday approved a record-high
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    • Article, Illustration
      Lock icon Cupid puts in overtime to help S’poreans make love connections
      752 6  -  Matchmakers brace for the Great Dating Rush By Linette Lim llinette@sph.com.sg Singapore “LOVE actually is all around,” said Hugh Grant in the 2003 romantic comedy ‘LoveActually’. It is so especially when the economy is good and the festive season is
      752 words
  • Page 2 Advertisements
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      57 2 CONTENTS NEWS Top Stories 2-6 Raffles Conversation 8-9 Week in Review 10 Companies 11-12 From The Desk Of 13 Singapore 14 World 15-18 Stocks Stats 19-23 Perspective 24-25 Wealth 26-32 Investing 28-29 Show Me Money 29 Househunt 30 Real Estate 31 LIVING Profile L2-7 Dining L8-11 Home Garden L12-13 Health
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      152 3 Luxury with seamless connectivity Nestled in a prime location between Bukit Timah and the Jurong Lake District, this development enjoys superb connectivity via the MRT nertwork and expressways. The Lanai presents an irresistible offering of fine living with seamless connectivity. Visit our sales gallery at development site at Hillview Avenue
      152 words
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  • Page 5 Advertisements
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      49 5 RAJAH TANN Lawyers who know Asia rc-A-i. \-rSL Bar a :•> O! rC* J ■> -Wi'" &L m X I V V NEW YEAR, SAME GOAL Rising above together SEASONS GREETINGS FROM RAJAH TANN Rajah Tann LLP Singapore Shanghai Kuala Lumpur Vientiane Ho Chi Minh City (opening soon) www. rajahtann.
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      3665 7 ASA GROUP HOLDINGS LTD. (Incorporated in the Republic of Singapore) Company Registration No. *****8258M SHANGHAI JINMING INVESTMENT GROUP CO., LTD. (Incorporated in the People’s Republic of China) Company Registration No. *************** JOINT ANNOUNCEMENT PROPOSED DELISTING OF ASA GROUP HOLDINGS LTD. 1. INTRODUCTION 1.1 On 5 March 2008, ASA Group Holdings
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Let there be light
      2072 8/9  -  Ole Enger, CEO of Renewable Energy Corp, has the knack of showing up at troubled companies in jittery times, and setting things right. By Joyce Hooi By Joyce Hooi joyceh@sph.com.sg IT IS only fitting that as someone at the helm of one of the world’s largest
      YEN MENG JIIN  -  2,072 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK | Dec 20-24, 2010
      • Article
        Lock icon S’pore hotels see growth extending into next year
        43 10 AFTER booking a stellar year in 2010, hoteliers are upbeat that the growth streak will continue next year, although the additional supply from new hotels coming onstream is expected to temper the pace of growth.
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      • Article
        Lock icon HDB’s one-millionth flat milestone
        42 10 THE keys to the Housing and Development Board’s (HDB) one-mil-lionth flat were handed to its owners on Sunday, at the completion ceremony of Treelodge@Punggol. The development is the first eco-friendly precinct developed under the auspices of the HDB.
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      • Article
        Lock icon Petrochem hub moving to higher gear next year
        29 10 SINGAPORE’S oil and petrochemicals hub will shift to higher gear in 2011, especially with the roll-out of theJurongIsland “version2.0”initiative by mid-year.
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      • Article
        Lock icon Office vacancies in CBD to rise on a short-term blip
        41 10 OFFICE vacancy rates in the Central Business District are expected to rise next year as space vacated in older office blocks returns to the market, with occupiers moving into new developments.
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      • Article
        Lock icon FairPrice in JV deal to set up hypermarts in Vietnam
        73 10 SEVEN years after NTUC FairPrice Cooperative Ltd entered into its first hypermart joint venture in China, the Singapore grocery retailing giant is giving it another shot this time in Vietnam. FairPrice and the Saigon Union of Trading Co-opera-tives Ltd inked
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      • Article
        Lock icon TTI left in the lurch as Boustead pulls out
        36 10 MAINBOARD-LISTED Boustead Singapore has pulled out of its plans to pump in some $150 million to revive TT International’s Big Box mega retail-cum-warehouse project in Jurong East.
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      • Article
        Lock icon Fourth refinery to oil Singapore’s hub status
        49 10 THE Republic could soon see its long-awaited, fourth world-scale refinery. Expected to cost a massive US$6-8 billion, the planned greenfield project will help boost the status of the global oil refining and trading hub here the third largest after Houston and Rotterdam.
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      • Article
        Lock icon Stiffer rules to keep telcos in line
        71 10 AFTER a two-year deliberation, local authorities are pressing ahead with plans to raise consumer protection by outlawing the use of bait-and-hook tactics where telcos start charging unsuspecting consumers after a free trial. From Jan 21, the Infocomm Development Authority of Singapore (IDA) will
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      • Article
        Lock icon Motorists survey damage from $72,000 COEs
        58 10 THE COE premium for the big car category continued to climb strongly in the last bidding exercise of the year on Wednesday, this time to a 15-year high, with its sharp ascent surprising most deal- ers. A Category B certificate of entitlement for cars
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      • Article
        Lock icon Local shipyards enjoy big rig bonanza
        68 10 CHRISTMAS came early for both of Singapore’srigbuilders on Wednesday, with Keppel Fels and Sembcorp Marine announcing big rig deals on the same day. Sembcorp Marine’s Jurong Shipyard clinched a US$400 million deal to build two jackup rigs for a Noble Corporation unit, while Keppel
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      • Article
        Lock icon Airports in Europe getting back on track
        39 10 TRAVEL regained some semblance of normalcy as airports in Europe started to make strides in clearing the backlog of passengers left stranded after heavy snow forced flight cancellations for five consecutive days.
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      • Article
        Lock icon Private banks jostle for talent and clients
        83 10 AS Asia becomes a gold mine for private banks, the industry is getting more crowded and competitive. Local banks like DBS and Bank of Singapore are trying to snap domination long enjoyed by European and US players. The jostling will only get rougher
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      • Article, Illustration
        Lock icon Nov consumer price rise highest in 22 months
        84 10 SINGAPORE’S inflation accelerated in November as the consumer price index saw its largest jump in 22 months. As anticipated by economists, consumer prices last month rose 3.8 per cent from a year ago the highest inflation rate since January 2009 quickening from
        BLOOMBERG FILE PHOTO  -  84 words
    • NEXT WEEK| Dec 27-31,2010
      • Article
        Lock icon US DATA
        19 10 Dec 28 Dec consumer confidence Dec 30 Nov pending home sales index Jobless claims Dec Chicago PMI
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      • Article
        Lock icon SINGAPORE DATA
        25 10 Dec 29 Nov producer and international trade price indices Crude inventories Dec 31 Nov central govt operations Dec 31 (NLT) Q3 external debt
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      • Article
        Lock icon EVENTS
        50 10 Dec 27 Tokyo Minutes from Bank of Japan’s Oct 28, Nov 4-5 monetary policy meetings Moscow Russian court starts to read verdict in trial of jailed tycoon Mikhail Khodorkovsky Dec 29 Washington American Petroleum Institute issues weekly national petroleum report Dec 31 Tallinn Launch of the euro in Estonia
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  • Page 10 Miscellaneous
    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 1
      300 10 CRYPTIC CROSSWORD Across 1 Superficially read initial proposal and be less than generous (5) 4 I leave Law to the big guns (8) 8 Apt to be not on the level (8) 9 Press forward with debts though not genuine (8) 11 Priceless mineral found in mountain pass (7) 13
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    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 2
      13 10 SATURDAY with Ludwig ‘I didn’t make it the required BMI is over 30...’
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  • COMPANIES
    • Article, Illustration
      Lock icon Office landlord stocks in vogue for 2011
      865 11  -  Outlook bullish over next two years; prime office rents seen rising supported by economic growth, pent-up demand By Uma Shankari shankari@sph.com.sg Singapore OFFICE landlords are most in vogue when it comes to property stock picks for 2011. Stock recommendations from five different research
      YEN MENG JIIN  -  865 words
    • Article
      Lock icon ASA Group exit offer at four cents a share
      462 11 CHINESE ceramic tile maker ASA Group has announced an exit offer of four cents per share for its compulsory delisting. The offer by Shanghai Jinming Investment Group is double the counter’s last traded price. No minimum acceptance is required for the
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    • Article
      Lock icon GLP’s China deal prompts ‘buy’ calls
      651 12  -  HK$539m price for strategic stake in logistic facilities firm reasonable; deal will also create synergies: analysts By Felda Chay feldac@sph.com.sg Singapore ANALYSTS have given the thumbs-up for Global Logistic Properties’ (GLP) acquisition of a strategic 19.9 per cent stake in Shenzhen Chiwan Petroleum Supply
      651 words
    • Article, Illustration
      Lock icon STI inches up in thin pre-holiday trading
      474 12  -  stocks Conrad Tan conradt@sph.com.sg Correspondent STOCKS here ended the short Christmas Eve trading session slightly higher yesterday, though trading volumes continued to be thin ahead of the Christmas weekend. The Straits Times Index (STI) finished the half-day trading session 6.02 points, or 0.2
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    • Article
      Lock icon TOP 20 ACTIVES
      110 12 VOL CLOSE Bio-Treat 50,772 4.5 0.0 0.0 Sunmart 39,106 25 1.0 4.2 Informatics 34,884 13.5 0.5 3.8 HotungInv 25,167 13 1.3 8.3 Contel 16,747 3.5 0.0 0.0 ThinkEnv 15,523 68 0.5 0.7 BanJoo 10,711 4.5 -0.5 -10.0 GMGGlobal 9,624 28 0.5 1.8 GentingSP 9,060 210 -2.0 -0.9
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    • Article
      Lock icon STI STOCKS
      106 12 Stock name Close Change CapMallsAsia 1.880 CapitaLand 3.650 +0.010 CapitaMall 1.880 -0.010 CityDev 12.600 +0.060 ComfortDelGro 1.540 DBS Grp 14.320 -0.020 F&N 6.240 -0.040 Genting SP 2.100 -0.020 Golden Agri 0.760 HK Land 7.130 +0.030 JMH 44.800 +0.420 JSH 26.600 +0.500 Jardine C&C 35.340 -0.260 Keppel Corp 10.800
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    • Article
      Lock icon TOP GAINERS
      53 12 BY CENTS CLOSE UP JSH 2660 65.3 1.9 JMH 4480 54.8 0.9 DBXT DBCBDJUBS10US$ 3625 26.1 0.6 SIA.ES.1012 1528 16.0 1.1 GLD 10US$ ***** 13.1 0.1 Total Access 142 13.1 7.6 DBXT STGLDv100 10US$ 2774 11.8 0.3 Keppel Corp 1080 10.0 0.9 GrandBanks 45 9.0 25.0 ShangriLa Asia
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    • Article
      Lock icon TOP LOSERS
      61 12 BY CENTS CLOSEDOWN DBXT Nifty 10US$ ***** -104.4 -0.6 IS S&P500 ***** -32.6 -0.2 DairyFarm 895 -30.0 -2.5 DBXT MSAsExJp 10US$ 3277 -27.4 -0.6 Lyxor China H 10US$ 1609 -27.4 -1.3 DBXT FTVietnam 10US$ 3660 -26.1 -0.5 Jardine C&C 3534 -26.0 -0.7 OCBC Bk 4.5%NCPS 100 ***** -10.0
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Turning local talent into leaders
      771 13  -  For multinationals, the benefits of doing so go beyond financial savings. They extend into improved customer insight and better risk management based on intimate market understanding from the desk of Claire Lawson Executive director Russell Reynolds Associates Inc SOUTH-EAST Asia is the largest driver of
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  • SINGAPORE
    • Article
      Lock icon US trade surplus with S’pore hits US$9.8b
      550 14  -  Wider trade gap due to stronger Sing dollar, sluggish US economy By Chuang Peck Ming peckming@sph.com.sg WHILE the recession narrowed what had been a growing trade gap between Singapore and the United States back in 2009, Uncle Sam’s surplus this year is striding
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    • Article, Illustration
      Lock icon High time this became a must-have in every hotel
      554 14  -  saturday soapbox Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor WHENEVER I travel overseas, be it for business or leisure, one of the first things I check is whether the hotel offers complimentary Internet access. Some hotels do but most don’t, preferring instead
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    • Article, Illustration
      Lock icon I’M DREAMING OF A MUSICAL CHRISTMAS
      111 14  -  Yen Meng Jiin A DAZZLING display with strings of lights and specially created snowflakes in the shape of musical notes awaits visitors who step into the 20-metre-high Christmas tree at ION Orchard. It was inspired by Christmas carols and the season’s dazzling lights, combining
      YEN MENG JIIN  -  111 words
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  • WORLD
    • Article, Illustration
      Lock icon Asia needs more babies to deliver success
      1011 15 Demographic time-bomb is ticking in modern Asia where couples see offspring as an unaffordable luxury AFP Tokyo EAST Asia’s booming economies have for years been the envy of the world, but a shortfall in one crucial area babies threatens to render yesterday’s tigers
      AFP; REUTERS  -  1,011 words
    • Article, Illustration
      Lock icon More signs pointing to snap polls in M’sia
      536 16  -  Najib’s popularity still high; fewer voters expect better economy in 2011: survey By S Jayasankaran bt wo rl d @s p h .co m .sg THE chances of a snap general election in Malaysia next year were reinforced yesterday when the results
      AFP  -  536 words
    • Article
      Lock icon Indian ‘deposit war’ fails to ease worst cash crunch
      438 16 Bloomberg New Delhi INDIA’S biggest banks are battling for deposits as they fall behind demand for loans amid the nation’s worst cash crunch on record. State Bank of India (SBI) raised one-year rates by 175 basis points, or 1.75 percentage point,
      Bloomberg  -  438 words
    • Article
      Lock icon US issues alert on beverage containers on planes
      164 16 AP Washington THE US Homeland Security Department has alerted air carriers to a potential terror tactic involving insulated beverage containers such as thermoses. The alert stressed that there is no intelligence about an active terror plot, but travellers may notice airport screeners
      AP  -  164 words
    • Article, Illustration
      Lock icon Goldman may tweak bonus formula
      384 17 It may tie bonuses to earnings targets with provisions allowing their cancellation or return Bloomberg New York GOLDMAN Sachs Group, weighing 2010 pay packages for a year that could rank as Wall Street’s second best, said it may grant bonuses that depend on future earnings,
      Bloomberg; AP FILE PHOTO  -  384 words
    • Article
      Lock icon EU debt crisis could turn chronic: China
      322 17 AFP Shanghai CHINA’S commerce minister has warned that measures being taken in Europe to fix the sovereign debt crisis were “turning an acute disease into a chronic one”, state media said yesterday. The comments from Chen Deming come after China said this week
      AFP  -  322 words
    • Article
      Lock icon China ratings firm slams Western rivals
      316 17 AFP Beijing CHINA’S home-grown credit ratings agency Dagong has made a name for itself this year by hitting out at its Western rivals, but analysts say that it will be hard-pressed to win the trust of foreign investors. Since July, Dagong has given the
      AFP  -  316 words
    • Article
      Lock icon MNCs loath to decry China over trade curbs
      580 18 Its economy looks much better for them to pursue opportunities than fighting drawn-out trade and regulatory battles NYT Hong Kong NO US company would seem to have more to gain than General Electric (GE) from the Obama administration’s decision on Wednesday to
      NYT  -  580 words
    • Article, Illustration
      Lock icon Harder for Vietnam to get loans: Moody’s
      483 18 Vinashin’s US$60m default has jeopardised the country’s access to credit markets Bloomberg Hanoi VIETNAM and its state-backed companies will face greater difficulties borrowing money after reports of Vietnam Shipbuilding Industry Group defaulting on a loan,accordingtoMoody’sInvestors Service. Vinashin, as the shipbuilder is known, failed
      Bloomberg; AFP  -  483 words
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  • SGX
    • Article
      Lock icon Untitled
      8631 19 Transaction date: Dec 24 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 18.5 18 18.5 1.7 9.8 5.9 88.6 12 4.5 5834 A-Sonic 5.5 +0.5 1760 5.5 5.5 5.5
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    • Article
      Lock icon SGX CATALIST
      1757 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 160 -3 8 164 160 160 163
      1,757 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 22 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 5 3 0 0 0 7 5 3 Manufacturing 40 39 57 2 3 6 42 42 63 Commerce 18 15 16 2 3 3 20 18 19 Tpt/Stor/Comms 14 11 12
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      777 22 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Dec 20 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Hotung Inv 23-Dec-10 Tai Lung Cap Inc Buy 1770 na *****9 14.13 *****9 14.34 CWT 23-Dec-10 Loi
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 22 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,605 11,605 15,456 15,456 Manufacturing 155,020 5,147 160,167 78,668 170 78,838 Commerce 27,970 9,378 37,348 27,919 756 28,675 Tpt/Stor/Comms 26,905 804 27,709 42,762 299 43,061 Finance 32,781 32,781 32,672 32,672 Construction 4,997 3,143 8,140 1,667
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  • MARKETS
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 23 Dec 24 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.352 1.276 Can dollar 1.317 1.267 Euro 1.744 1.677 Sterling pound 2.052 1.974 NZ dollar 1.004 0.957 US dollar 1.326 1.275 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      90 23 YTD change: +8.50% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,648.15 on May 25,2010 Source: Bloomberg YTD change:-13.49% 52-week high: 3,306.75 on Jan 11,2010 52-week low: 2,319.74 on July 2,2010 Source: Bloomberg YTD change: +4.40% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 18,971.50 on May 27,2010
      Source: Bloomberg  -  90 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 23 Index Change Change Change Change Change Change World Index Preliminary 903.0 0.0 8.5 -0.1 1.5 0.0 9.0 ‡EAFE Preliminary 812.7 0.1 3.5 0.0 -3.1 0.1 4.1 Europe Preliminary 1190.7 0.1
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 23 Dec 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3064 1.3076 1.0038 1.0039 Canadian dollar 1.2900 1.2918 0.9912 0.9918 Euro 1.7093 1.7107 1.3133 1.3134 NZ dollar 0.9733 0.9753 0.7478 0.7488 Sterling pound 2.0132 2.0154 1.5468 1.5473
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    • Article
      Lock icon LIFFE
      82 23 Dec 23 COCOA (£/tonne) Close Prev High/Low Mar 11 2040 2009 2055/2015 May 11 2049 2018 2063/2028 Jul 11 2061 2026 2071/2039 Sep 11 2072 2033 2075/2047 COFFEE (US$/tonne) Close Pev High/Low Jan 11 1984 1988 2004/1941 Mar 11 2011 2012 2027/1960 May 11 2028 2029 2039/1992 Jul 11
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    • Article
      Lock icon CHICAGO BOT
      94 23 Dec 23 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jan 11 1349.*****8.*****5.*****8.00 Mar 11 1360.*****9.*****5.75 981.75 May 11 1367.*****6.*****2.*****5.75 Jul 11 1369.*****9.*****4.*****8.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Jan 11 56.59 55.97 56.60 55.84 Mar 11 57.23 56.57 57.27 56.44 May 11 57.57 56.92
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    • Article
      Lock icon PALM OIL
      67 23 Dec 23 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 11 3693 3720 3720 3691 403 4632 Feb 11 3655 3690 3705 3655 2654 ***** Mar 11 3653 3658 3676 3642 9675 ***** Apr 11 3630 3638
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    • Article
      Lock icon OIL
      75 23 Dec 23 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 94.25 0.43 WTI (Near Mth) 91.49 1.65 Dubai (1-Mth F) 90.50 0.24 Tapis blend 98.25 0.15 Minas 94.15 0.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 95.33 0.16 Jet Kerosene 105.35 0.05 US$/barrel Opec Oil Basket Price
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    • Article
      Lock icon LONDON METALS
      72 23 Dec 23 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2423.00 2452.75 3 months 2432.00 2462.00 Copper, Grade A (US$/tonne) Cash 9349.00 9403.00 3 months 9300.00 9350.00 Lead (US$/tonne) Cash 2452.50 2443.50 3 months 2450.00 2440.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon METALS
      66 23 Dec 24 GOLD (US$/oz) Dec 23 Dec 24 Hong Kong 1386.*****3.20 Dec 22 Dec 23 London 1386.*****7.14 1387.*****7.91 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 38.59 38.36 Source: UOB PLATINUM Lon (US$/oz) Dec 23 Close Previous PM Fix 1720.*****8.00 AM Fix 1729.*****5.00 Source: Thomson Reuters PLATINUM NYMEX
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Art of triggering impulse buying
      992 24 / 25  -  Research has shown that unplanned purchases are often associated with consumer moods and pleasant environments Jochen Wirtz ~The writer is an associate professor in marketing and founding director of the UCLA-NUS EMBA, NUS Business School. He specialises in services marketing. This commentary is based on
      BLOOMBERG  -  992 words
    • Article, Illustration
      Lock icon Humbug Express special delivery
      818 24 / 25  -  What ‘everyone knows’ about that surge in US govt spending and employment is from bogus analysis Paul Krugman ~The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT HEY, has anyone noticed that
      NYT  -  818 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon How much is a Reit worth?
        1888 26 / 27  -  look at the determining factors and valuation measures for a Reit, but bear in mind that valuing a Reit is far more art than science. By Bobby Jayaraman By Bobby Jayaraman jbobby@singnet.com.sg DONALD Trump started off in real estate developing residences in Manhattan in
        CAPITAMALLS ASIA  -  1,888 words
      • BROKERS' TAKE
        • Article
          Lock icon Global Logistics Properties
          292 26 / 27 Buy/Low risk Citi Investment Research Analysis Dec 23 Close: $2.18 GLP announced the acquisition of a 19.9 per cent stake in Shenzhen Chiwan Petroleum Supply Base Co Ltd (SCPSB), the parent company of BLOGIS, for HK$539 million (S$105 million). We believe the commencement of GLP’s acquisitions in
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        • Article
          Lock icon Fuxing China
          401 26 / 27  -  Buy DMG Partners Research Dec 24 Close: Compiled by Joyce Hooi FUXING announced that it has entered into three agreements to acquire colour dyeing (for zipper chain) and electroplating (for slider) capabilities to become a fully integrated zipper maker. At a price tag of 372 million yuan (S$73
          401 words
      • Article, Illustration
        Lock icon Growing appetite for dim sum bonds
        1181 28 HSBC expects 80b yuan worth of business, while Standard Chartered sees 100b, with a stable appreciation helpful for the offshore yuan bond market Bloomberg Hong Kong HSBC Holdings Plc and Standard Chartered Plc, the biggest foreign underwriters of yuan bonds sold in Hong Kong,
        Bloomberg; BLOOMBERG  -  1,181 words
      • Article, Illustration
        Lock icon Much to look forward to in 2011
        1526 29  -  Like the year before, a diversified approach would be a good bet but watch out for rapid hike in interest rates show me the money| Teh Hooi Ling hooiling@sph.com.sg Senior correspondent The writer is a CFA charterholder IWAS talking recently to a friend
        REUTERS  -  1,526 words
    • WEALTH REAL ESTATE
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      43 32 M AUDEMARS PIGUET Le maitre de I'horlogerie depuis 1875 m k 91 m SSa x III. X a. 1 I f 1 V 1 I I V I 1 Y i ROYAL OAK EQUATION OF TIME For enquiries, Tel (65) 6238 6678 www.audemarspiguet.com
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      58 1 LivingTHEBUSINESSTIMESWEEKEND|DECEMBER25-*****0BTTHE BUSINESS TIMES WEEKEND DECEMBER 25-26 2010 A PERSONAL CHRISTMAS Local and foreign personalities share their Yuletide memories ILLUSTRATION: STOCK.XCHNG DINING X’mas dining around the world L8-11 GOLF Teeing off into history L17 HEALTH Good food or bad? L14-15 PERSONAL SPACE Daniel Yun’s white Christmas L12-13 MOTORING Pedal power L20
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  • BT Living
    • PROFILE
      • Article, Illustration
        Lock icon Life-changing holiday
        717 2  -  While digging up a Christmas photo, Raintree Pictures’ Man Shu Sum reflects on what the season means to him christmas with man shu sum managing director raintree pictures Interview by Dylan Tan dylantan@sph.com.sg AS far as I can remember, I’m usually working on Christmas Day. It’s been so
        YEN MENG JIIN  -  717 words
      • Article, Illustration
        Lock icon Closed for Christmas
        933 3  -  christmas with daniel boulud three-michelin-star chef and restaurateur It’s the time of the year when restaurant tills are ringing, but not at Daniel Boulud’s outlets. By Audrey Phoon By Audrey Phoon aphoon@sph.com.sg DANIEL Boulud must be exhausted. We’re speaking to the New York-based chef the day after
        YEN MENG JIIN  -  933 words
      • Article, Illustration
        Lock icon The gift of music
        917 4  -  US-based Singaporean violinist Siow Lee Chin will be working in China this Christmas instead of spending it with her family. But she’s still counting her blessings christmas with siow lee chin director of strings professor of violin college of charleston south Interview by Christopher Lim limchris@sph.com.sg
        PHOTOS: GAO JUN  -  917 words
      • Article, Illustration
        Lock icon Peace, goodwill and Percy the Turkey
        825 5 British Theatre Playhouse’s John Faulkner reminisces about Christmases past, and has a question for readers of this page christmas with john faulkner artistic director of british theatre playhouse director of the musical theatre school I HAVE celebrated Christmas on three different continents, Europe, Africa
        825 words
      • Article, Illustration
        Lock icon Eat, drink and be merry
        549 6 Chopard Asia’s managing director Patrick Normand pulls out all the stops for a perfect Christmas feast christmas with patrick normand managing director chopard btnews@sph.com.sg I’M the quintessential Frenchman in regard to Christmas. It’s a very important occasion to be celebrated with my family. Although I
        btnews@sph.com.sg  -  549 words
      • Article, Illustration
        Lock icon Getting into the spirit of Christmas
        681 7 For Jean-Jacques Lavigne of Superyacht Singapore Association, Christmas is the time to help others reconnect with their soul and listen to their heart christmas with jean-jacques lavigne executive director superyacht singapore association btnews@sph.com.sg CHRISTMASinSinga-pore is very much what Christmas is all about: a reminder
        btnews@sph.com.sg  -  681 words
    • DINING
      • X’mas dining int’l
        • Article, Illustration
          Lock icon Emmanuel Stroobant
          737 8 / 9  -  Chef-owner, Saint Pierre Group Contrary to popular belief, roast turkey and ham are not de rigueur on Christmas dinner tables around the world. BT Weekend asks several expats to share Christmas dining traditions and recipes of their homeland. And if you’re looking for ways to use up Christmas
          737 words
        • Article, Illustration
          Lock icon Armin Leitgeb
          757 8 / 9  -  Chef de Cuisine, Les Amis By Jaime Ee I distinctly remember one Christmas Eve in the late 90s, at home in Schoenberg, Ti-rol-Austria, which is 1300m above sea level. There was 0.5m of snow outside in the middle of the Tyrolean mountains and the chimney was on at
          ARTHUR LEE  -  757 words
        • Article, Illustration
          Lock icon John Drummond
          452 10 / 11  -  Resident manager InterContinental Grand Stanford Hong Kong By Audrey Phoon aphoon@sph.com.sg CHRISTMAS is all about family. It’s the time of the year where everyone gathers and celebrates the festive season together with food. However, since I started working in Hong Kong in 2004, my Christmases have been celebrated
          452 words
        • Article, Illustration
          Lock icon Amadeo Zarzosa
          766 10 / 11  -  General manager, St Regis Singapore By Jaime Ee jaime@sph.com.sg IN Spain, the big Christmas celebration takes place on Dec 24. The family will gather in the afternoon, go to church and then home for a big feast. After dinner, presents are exchanged. There is no tradition of Santa
          ARTHUR LEE  -  766 words
        • Article, Illustration
          Lock icon Massimiliano P Sponzilli
          457 10 / 11  -  Italian Trade Commissioner in Singapore By Melissa Lwee mellwee@sph.com.sg IN Italy, Christmas is a holiday for the family. This is facilitated by the climate because the cold weather in Italy, during this time, encourages you to stay home, sit by the fireplace and create the right atmosphere
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    • HOME & GARDEN
      • Article, Illustration
        Lock icon White house
        1124 12 / 13  -  Pale orchids, frosted pine cones and silver accents form a merry mishmash of white that Daniel Yun, CEO of film company Homerun Asia, warms to. By Audrey Phoon personal space By Audrey Phoon aphoon@sph.com.sg AS Americans unsheath their shovels to battle snowed-up driveways this winter, and wealthy Europeans
        PHOTOS: YEN MENG JIIN  -  1,124 words
    • HEALTH
      • Article, Illustration
        Lock icon What’s naughty, what’s nice
        1449 14 / 15  -  In the nutritional sense that is. Three experts in the field of nutrition give their recommendations on the super foods to look out for and what to avoid for a healthier new year. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg What is nice? Ginger The standard
        1,449 words
      • Article
        Lock icon wine & dine with BTWeekend
        716 14 / 15 wine dine with BTWeekend Pine Court Chinese Restaurant Level 35, Mandarin Orchard Singapore 333 Orchard Road Z6831-6288 Ascend 35 stories of the Orchard Wing and arrive in style at Pine Court Chinese Restaurant, the home of authentic Cantonese cuisine. Delight in traditional signature dishes such as Classic Peking Duck, Claypot
        716 words
    • SPORT
      • Article, Illustration
        Lock icon Look back in wonder
        939 16  -  no holds barred| Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor THIS was a year that promised much and delivered even more. One can safely say that sports fans were truly spoilt rotten over the past 12 months. It was a bumper 2010 where so many major events
        PHOTOS: AFP, AP, REUTERS, THE STRAITS TIMES  -  939 words
    • GOLF
      • Article, Illustration
        Lock icon Teeing off into history
        1078 17  -  Hats off to the golfers who made headlines in 2010 for all the right reasons. By Justine Moss By Justine Moss btnew@sph.com.sg IT may have been the Year of the Tiger in Chinese astrology but it was far from auspicious for former world number one Tiger
        PHOTOS: AFP, AP, REUTERS  -  1,078 words
    • MOTORING
      • Article, Illustration
        Lock icon High spirits
        311 18  -  As the bosses of the top two car makes during one of the most difficult years for the auto industry here, Koh Ching Hong and Johannes Seibert should be in a more celebratory mood than most of their counterparts in the trade. Samuel Ee finds out how they
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      • Article, Illustration
        Lock icon Home for the holidays
        310 18 FOR Johannes Seibert and his family, the year-end holiday will be very special because it will be their last in Asia before they move back to Germany. “Usually my family and I would travel to neighbouring countries such as Thailand, Philippines, Malaysia or Indonesia during the
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      • Article, Illustration
        Lock icon FRENCH FLAIR
        592 19  -  The RCZ is said to be the first Peugeot model with a new badge and name. By Samuel Ee By Samuel Ee samuelee@sph.com.sg FOR non-Francophiles, the styling of a Peugeot may sometimes bring to mind the adjective “quirky” rather than other more flattering alternatives. But when it comes
        592 words
      • Article, Illustration
        Lock icon PEDAL POWER
        464 20  -  During this festive season, cycling can be a good way to eliminate that spare tyre. By Samuel Ee By Samuel Ee samuelee@sph.com.sg EVERYONE seems to be talking about sustainable mobility and zero emissions these days. But until electric vehicles become more affordable and are able to tap on
        464 words
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