The Business Times, 27 December 2010
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2010-12-27
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The Business Times
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Title Section23 2010-12-27 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sfh A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Monday, December 27,201023 words
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Article, Illustration837 2010-12-27 1 CHEN HUIFEN - Expansion producing higher revenue, but rising operating costs could erode margins By CHEN HUIFEN [SINGAPORE] Small and medium enterprises (SMEs) in Singapore were in expansionary mood in 2010, but many will be approaching investments next year more cautiously and with a sharpFILE PHOTOS - 837 words
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Article, Illustration549 2010-12-27 1 ANDREW MARKS - Surge comes not a moment too soon as China hikes interest rate over weekend By ANDREW MARKS TODAY marks the unofficial start of the annual Santa Claus Rally on Wall Street, a market tradition in which the week betweenAFP - 549 words
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Article157 2010-12-27 1 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST Index 3,143.80 -9.21 KL COMP 1,511.58 +11.70 NIKKEI 225 10,279.19 -24.64 HANG SENG 22,833.80 +118.95 SET INDEX 1,021.99 -0.47 JAKARTA COMP 3,611.53 +29.97157 words
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Page 1 Advertisements
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Advertisement107 2010-12-27 1 YOUNG INVESTORS’ FORUM Overcoming gender barriers PAGE 10 DINING OUT Latest celebrity entrants at MBS PAGE 18 BizIT Dell to roll out cloud solutions IP VALUATION A rising challenge in M&As PAGE 24 PAGE 9 <A> y THE SIMPLICITY OF INNOVATION. LUMINOR MARINA 1950 3 DAYS AUTOMATIC Automatic mechanical movement107 words
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TOP STORIES
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Article, Illustration780 2010-12-27 2 Premier Wen also pledges to speed up efforts to rein in house price surges Reuters [BEIJING] China’s government will be able to keep inflation in check, Premier Wen Jiabao said yesterday, a day after the central bank raised interest rates, and he pledged toReuters; XINHUA - 780 words
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383 2010-12-27 2 AFP [PRETORIA] South Africa announced on Friday it has been invited to join the Brazil, Russia, India and China (BRIC) group of key emerging nations, bolstering its image as the economic gateway to Africa. Foreign Minister Maite Nkoana-Mashabane said China, which currently chairsAFP - 383 words
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222 2010-12-27 2 Reuters [LONDON] The chief executive of Malaysia’s AirAsia is considering a possible takeover bid for British airline Virgin Atlantic, the Sunday Times newspaper reported. Tony Fernandes, who runs Asia’s largest budget carrier by fleet size, has renewed his interest in the UKReuters - 222 words
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Article632 2010-12-27 2 SMEs fear cost crunch after a good year SMALL and medium enterprises in Singapore were in expansionary mood in 2010, but many will be approaching investments next year more cautiously and with a sharp eye on rising business costs. While SMEs that BT spoke to said they will632 words
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970 2010-12-27 2 LYNN KAN - Companies thriving, expanding despite strains in economy By LYNN KAN [SINGAPORE] Singapore companies are thriving in Vietnam despite strains in the economy from capital flight, double-digit inflation, a huge trade deficit and a ratings agency downgrade. In a Dec 15 report, Moody’s slashed970 words
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825 2010-12-27 4 CHUANG PECK MING - Study shows that in Asia, more of them are opting to serve domestic markets instead of exporting By [SINGAPORE] CHUANG PECK MING [SINGAPORE] As they recover from the global recession and business picks up, many Japanese companies in Asia are turning inward, giving825 words
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Article752 2010-12-27 4 JOYCE HOOI - Plenty of activity for both Semb Marine and Keppel O&M By JOYCE HOOI [SINGAPORE] During a year in which an oil well spewed its contents across the Gulf of Mexico with far-reaching ramifications for the offshore industry, rigbuilders had their hands full but for752 words
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Article, Illustration532 2010-12-27 4 AFP [PARIS] Hundreds of travellers whose flights were grounded by icy weather in Europe spent Christmas Day jammed in airport queues after sleeping overnight on camp beds in Paris and Brussels terminals. On the other side of the Atlantic, the US East CoastAFP; REUTERS - 532 words
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Page 2 Advertisements
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Advertisement118 2010-12-27 2 LUXURY TOURS TRAVEL PTE LTD The Leading Operator Established 1985 "Fullfilling your requirments with finesse" Our experienced team of planners takes charge right from the start. We offer you the best venues available, suggestions settings. These include transportation, meals, sightseeing tours tourist guides. Our services at a glance Incentive Conference118 words
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Page 3 Advertisements
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Advertisement134 2010-12-27 3 Name School Score Alex Tan Rosyth School 282 Fu Wan Ying Tao Nan School 279 ‘Aqilah Mohd Zulkarnain Coral Primary School 278 Sheldon Tan Rosyth School 278 Zhang Wen Han Pei Chun Public School 278 Seah Wen Xin Red Swastika School 278 Justin Lim SJI Junior 277 Alexander Yean ACS134 words
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Page 4 Advertisements
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Advertisement2070 2010-12-27 4 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg wepco WEPCO LTD (Incorporated in the Republic of Singapore) (Company Registration No.: *****0314D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an extraordinary general meeting ("EGM") of the shareholders of Wepco Ltd (the "Company") will be held at Singapore Swimming Club,2,070 words
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COMPANY NEWS
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790 2010-12-27 5 WINSTON CHAI - HOCK LOCK SIEW By WINSTON CHAI SINGAPORE’S telecommunications regulator may have toughened the rules for operators but it should be business as usual when the new regime kicks in next month. What could make a major difference to the consumer businesses of SingTel,790 words
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Article, Illustration635 2010-12-27 5 Sao Paulo buys will generate economies of scale, says CEO Reuters [SAO PAULO] Noble Group’s purchase of two cane mills in Brazil last week, the latest addition to its fast-rising cane processing capacity, reflects its go-it-alone approach that sets it apartReuters; FILE PHOTO - 635 words
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Article1680 2010-12-27 7 MAK YUEN TEEN - The debacle that is New Lakeside Holdings holds many corporate governance lessons for regulators, auditors and directors UNTICKING THE BOX By MAK YUEN TEEN The writer is associate professor of accounting at NUS Business School, where he teaches corporate governance and ethics THE recent1,680 words
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228 2010-12-27 7 LYNETTE KHOO - By LYNETTE KHOO FINANCIAL irregularities have surfaced in the Malaysian operations of The Ascott Ltd, the service apartment unit of Singapore-list-ed CapitaLand. CapitaLand disclosed last Friday that its wholly owned subsidiary has recently discovered unauthorised payments and transfers, among various financial breaches, in its228 words
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Article189 2010-12-27 7 COMPANY MEETING PLACE DATE TIME Miyoshi Precision A No.5 Second Chin Bee Rd Singapore *****2 29-Dec 3.00pm Asian Micro E Raffles Marina 10 Tuas West Drive Singapore *****4 30-Dec 11.00am Technics Oil Gas A 72, Loyang Way Singapore *****2 05-Jan 10.00am Pan Hong Prop S Suntec S'pore Intl189 words
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Article403 2010-12-27 7 Dec 24 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of403 words
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Page 5 Advertisements
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Advertisement68 2010-12-27 5 Japan's No.1 Systema Complete Sensitive Care DUG R LASTIIMG PROTECTION U M System! Tripte Impact: lung-lniing protrclion '*1 WfflMtilv rclirf ftrwtiK turn diww <£3-*' ftp*" V PT .Sensitive ml IM /Soothing 1 Systema r D Systerpa 1 i/\r 1 <2^ Lion, Japan's No.1 Oral Care Company. Based on 2009, Japan's68 words
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SINGAPORE MARKETS
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Article, Illustration547 2010-12-27 6 CONRAD TAN - STOCKS CONRAD TAN Correspondent STOCKS look set for another listless week, in the absence of any new leads or significant data in the run-up to New Year’s Day. There was no Christmas rally last week to cheer investors; the STI ended the547 words
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467 2010-12-27 6 CURRENCIES Bloomberg [LONDON] The euro fell for a third-straight week against the US dollar as a slew of credit-rating downgrades fuelled concern that some nations will be unable to pay their debts. The common currency slipped against 14 of its 16 most actively tradedBloomberg - 467 words
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Article1482 2010-12-27 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price Allgreen Properties 2.58 2.27 12 10.81 10.92 1.39 1.18 ARA Asset Mgt 2.25 2.25 4 8.23 18.85 1.69 1.55 Armstrong Ind Corp 1.00 1.00 3 5.00 8.301,482 words
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734 2010-12-27 6 COMMODITIES AFP [LONDON] In a fast-moving week for commodities, copper rocketed to a new record high, coffee and sugar hit impressive mul-ti-year peaks and crude oil struck two-year pinnacles before the Christmas break. Copper was spurred higher by Chinese demand andAFP - 734 words
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Article66 2010-12-27 6 Dec 24 VALUE CLOSE BT OB/OS 25.00 +133.0 BT CADI -*****.00 +30.0 BT 10-day MA -*****.00 +3.00 FTSE ST Mid Cap 795.21 +1.04 FTSE ST Small Cap 585.64 -0.11 FTSE ST All Share 780.61 +1.32 FTSE ST China Top 292.89 +1.06 FTSE ST China 324.26 +1.35 FTSE66 words
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Article57 2010-12-27 6 VOLUME GMG Global 214,038,000 Genting SP 202,161,000 Golden Agri 110,123,000 ChinaAniH 107,659,000 Tuan Sing 104,222,000 Transcu Grp 96,045,000 Gallant 72,057,000 Noble Grp 70,261,000 Wilmar 68,543,000 SingTel 65,555,000 VALUE($) Genting SP 424,508,738 Wilmar 390,646,267 DBS Grp 242,824,472 SingTel 201,047,048 Noble Grp 146,103,760 UOB 130,095,852 Keppel Corp 115,494,444 OCBC57 words
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Article107 2010-12-27 6 BY CENTS CLOSE UP IS S&P500 ***** 252.0 1.6 JMH 4480 169.7 3.0 DBXT DBCBDJUBS 10US$ 3625 134.5 2.9 IS DJ US Tech 6475 127.9 1.5 GLD 10US$ ***** 122.7 0.7 DBXT SPASX200 10US$ 3453 101.8 2.3 DairyFarm 895 71.8 6.5 DBXT FTChina25 10US$ 3130 57.4 1.4 JSH 2660107 words
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Article121 2010-12-27 6 BY CENTS CLOSE DOWN DBXT DBLCI-OY 5US$ 3906-289.8 -5.4 DBXT FTVietnam 10US$ 3660 -87.5 -1.8 DBXT S&P Short 10US$ 4518 -80.9 -1.4 STXPO 100 1302 -46.0 -3.4 CityDev.ES.1012 1260 -42.0 -3.2 Wilmar 564 -37.0 -6.2 IS MSCI Spore 1324 -36.6 -2.1 CityDev 1260 -32.0 -2.5 Wilmar.ES.1012 567 -29.0 -4.9121 words
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Article, Illustration1456 2010-12-27 8 TEH HOOI LING - TEH HOOI LING Senior Correspondent OUR portfolios were on average little changed compared with a week ago, with portfolios in the red evened out by those with gains. That’s more or less in line with the Straits Times Index’s 0.3 per cent decline. The lowest1,456 words
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1563 2010-12-27 8 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited THE trading among directors was flat last week based on filings on the exchange from Dec 20-24 with 21 companies that recorded 45 purchases worth $5.5 million versus eight1,563 words
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Page 7 Advertisements
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Advertisement21 2010-12-27 7 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.21 words
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Advertisement164 2010-12-27 7 a vr\ Helsinki School of Economics is now Aalto University, Finland's largest and leading institution. Aalto University is an innovative merger of Helsinki School of Economics, Helsinki University of Technology and the University of Arts Design, Helsinki where the best elements of business, technology, arts and design have been combined164 words
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SINGAPORE NEWS
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Article, Illustration822 2010-12-27 9 LYNETTE KHOO - It makes up the bulk of M&A values but valuing IPs is not an exact science By LYNETTE KHOO PROFESSIONALS involved in mergers and acquisitions (M&As) need to pay greater attention to the valuation of intellectual property (IP) that can make or breakFILE PHOTO - 822 words
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Article, Illustration213 2010-12-27 9 ARTHUR LEE - By ARTHUR LEE SOME 250 physically disabled people will benefit next year from a long-stand-ing partnership between Caltex and the Society for the Physically Disabled (SPD). Caltex is continuing its 10-year partnership with SPD this year by sponsoring the fuel costs for seven SPDARTHUR LEE - 213 words
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Article389 2010-12-27 9 Payment Ex Books Pay Ann (cts) date close date date Asia Pac Brew ak 52.000 27-Jan 31-Jan 18-Feb 12-Nov Australand Prop^ ag 10.500 29-Dec 31-Dec 08-Feb 20-Dec China Gaoxian aw 0.500 07-Jan 11-Jan 24-Jan 16-Dec Eastern Hldgs aw 0.333 04-Jan 06-Jan 18-Jan 20-Dec Ezra Hldgs ak 1.500 30-Dec389 words
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Page 9 Advertisements
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Advertisement1154 2010-12-27 9 BSATS NOTICES BUY IT• SELL IT FIND IT (Incorporated in the Republic of Singapore) (Company Registration Number *****2527Z) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Lian Beng Group Ltd (the “Company”) will be held at 25 Playfair Road, Lian Beng Building, Singapore1,154 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1181 2010-12-27 10 DEBORAH MAY - Asian corporate women need to be more flexible and adaptive than Western women to succeed, writes DEBORAH MAY DEBORAH MAY The writer, managing director of May Group, ACT Australia and founder of www. advancingwomen. com. au, spoke at the SIM Professional Development’s Women Leadership Forum last month1,181 words
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Article, Illustration750 2010-12-27 10 LU GEOK LAN - Secondary school principals and teachers turn stock traders for a day at S’pore Poly, writes LU GEOK LAN CAMPUS LIFE LU GEOK LAN The writer is a senior lecturer at the Singapore Polytechnic Business School TRADING buzz descended on the Singapore Polytechnic Business School recently as750 words
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Page 10 Advertisements
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Advertisement271 2010-12-27 10 Be smart with your finances FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors’ Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have271 words
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ECONOMY WATCH
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Article, Illustration760 2010-12-27 11 ANTHONY ROWLEY - New tax incentives to draw investors away from China, other regional hubs By ANTHONY ROWLEY JAPAN slid behind China as the world’s second largest economy in 2010 and is now feeling threatened by rivalling regional business hubs in Asia such as SouthREUTERS - 760 words
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526 2010-12-27 11 Arab oil exporters see no need to raise crude supply Reuters [CAIRO] The global economy can withstand an oil price of US$100 a barrel, Kuwait’s oil minister said on Saturday, as other exporters indicated that the Organization of theReuters - 526 words
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Article, Illustration582 2010-12-27 11 Reuters [MOSCOW] Russia’s central bank raised interest rates on its deposit operations on Friday to contain surging inflation, its first step away from the loose policy implemented after the financial crisis hammered the Russian economy. The bank lifted its deposit ratesReuters; BLOOMBERG - 582 words
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526 2010-12-27 11 Nov tally falls 25.5% on weaker local and overseas demand AFP [MADRID] Spain’s car sector, a key source of jobs, is wrapping up a disastrous year due to a slump in demand from the rest of Europe and theAFP - 526 words
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581 2010-12-27 11 AFP [GENEVA] Switzerland’s strong currency is a boon for travelling Swiss bargain hunters or those surfing online shops abroad while its healthy economic indicators would be the envy of debt-plagued major economies. Yet although the local business community is well wornAFP - 581 words
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MALAYSIA/INDONESIA
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385 2010-12-27 12 Reuters [LONDON] Gold miner Avocet Mining is to sell assets in Malaysia and Indonesia for US$200 million to private Indonesian mining fund J Partners, to focus on expanding its West African mines. London-listed Avocet, which had previously said it might reduce itsReuters - 385 words
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83 2010-12-27 12 AP [KUALA LUMPUR] Three Singaporean tourists drowned and two others were missing yesterday after an overloaded passenger boat capsized off Sarawak, police said. The wooden vessel was transporting nearly 30 people to a mainland port after leaving Sibu island, district police chief MohamadAP - 83 words
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Article, Illustration176 2010-12-27 12 Reuters [KUALA LUMPUR] Malaysia’s state oil company Petronas does not plan to list its exploration arm, a company spokesperson was quoted by The Star newspaper on Saturday as saying. “We have no plans to list Petronas Carigali or any other unit,” a Petronas spokesperson toldReuters - 176 words
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Article, Illustration731 2010-12-27 12 PAULINE NG - New panel has full plate reviewing policies and practices MALAYSIA INSIGHT PAULINE NG KL Correspondent IT will be a bleak New Year for the families of the 27 people who died in a bus crash last week near Simpang Pulai, Perak. Except for two, the victims731 words
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Article1966 2010-12-27 12 VOL Dec 24 RM +/-(‘000) A M Realty 0.54 0.02 231 Abric Bhd 0.42 0.01 71 Advance Synerg 0.21 unch 978 Adventa Bhd 2.48 -0.16 8183 Ae Multi Hldgs 0.32 0.01 5707 Affin Holdings 3.15 -0.05 880 Ahmad Zaki Res 1.08 unch 323 Aic Corp 1.01 -0.03 11,966 words
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Page 12 Advertisements
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Advertisement854 2010-12-27 12 MATS i r" P Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 CROWNSVILLE DEVELOPMENT PTE LTD (REG. NO. *****2525D) (INCORPORATED IN SINGAPORE) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 101 Cecil Street #16-05 Tong Eng Building,854 words
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GREATER CHINA/INDIA
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881 2010-12-27 13 Great Wall Motor in venture with Bulgarian firm Litex to build car assembly plant in a village in the Balkans IHT [BAHOVITSA, Bulgaria] Sometime next summer, a new assembly plant here should begin turning out the first Chinese-branded cars in the European Union (EU). WhyIHT - 881 words
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350 2010-12-27 13 Reuters [BEIJING] The Chinese government is expected to spend about 200 billion yuan (S$39.2 billion) on water conservation projects in 2011 a tenth more than in 2010 the state-run China Daily reported on Saturday. Priority will be given to improving irrigation forReuters - 350 words
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Article, Illustration720 2010-12-27 13 Many seeing red because of build-up of daily frustrations AFP [MUMBAI] Anger has become a feature of daily life in Indian cities, with concerns raised about the harmful side-effects of modern, urban living on the nation’s health and well-be-ing. Big cities likeAFP - 720 words
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Article, Illustration613 2010-12-27 13 AFP [NEW DELHI] India’s launch of the world’s cheapest car, the Nano, was expected to create a vast new market segment in the nation of 1.2 billion people, but reality has fallen short of expectations. “We are at the gates offering a new formAFP - 613 words
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Page 13 Advertisements
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Advertisement21 2010-12-27 13 Car ownership vs traffic congestion No easy way to manage R3 mm ton To subscribe, call 6388-3838 or go to sphsubscription.com.sg21 words
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WORLD
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603 2010-12-27 14 Smartphone users can keep handset on quitting contract AFP [PARIS] Some French smartphone users are getting an unexpected holiday gift this year their handsets as a tax hike allows them to get out of their service contracts and keep their subsidised phone. Analysts sayAFP - 603 words
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Article, Illustration1157 2010-12-27 14 The emirate may sell some of its most valuable assets but rules out fire sales Bloomberg [DUBAI] Sales of Dubai’s holdings are gaining momentum a year after the emirate’s corporate flagship shook world markets with plans to freeze payments on US$24.9 billionBloomberg; BLOOMBERG - 1,157 words
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Article, Illustration524 2010-12-27 14 AP [MIAMI] Former Venezuelan president Carlos Andres Perez, whose popularity soared with his country’s oil-based economy but who later faced riots, a severe economic downturn and impeachment in his homeland, has died in Miami, his family said on Saturday. The 88-year-old MrAP - 524 words
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640 2010-12-27 14 Lafite hits jackpot with packaging that targets the Chinese AFP [PARIS] When Chateau Lafite chief executive Christophe Salin set a modest price for the 2008 vintage in April 2009, the financial world was melting. Today, a robust market led by ChinaAFP - 640 words
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378 2010-12-27 14 Reuters [SYDNEY] Flash floods and heavy rain triggered by a tropical cyclone hit large parts of Australia’s northeast over the Christmas weekend, disrupting agriculture and mining, weather forecasters said yesterday. Around 18 per cent of the 2010 sugar crop in Australia, one ofReuters - 378 words
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RETAIL SHOPPING
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Article, Illustration498 2010-12-27 15 This holiday season’s spending could come close to 2007 record, say retailers AP [NEW YORK] American shoppers came back in force for the holidays, right to the end. After two dreary years, Christmas 2010 will go down as the holiday AmericansAP; XINHUA - 498 words
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Article480 2010-12-27 15 Big queues at stores as discounts draw bargain hunters AFP [SYDNEY] Australian retailers yesterday reported a bumper start to traditional post-Christmas sales as thousands of consumers spooked by interest rate hikes went out in search of a bargain. Hundreds of keen shoppers queued outside theAFP - 480 words
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478 2010-12-27 15 AP [NICOSIA, Cyprus] There will be less cheer in some Turkish Cypriot households this holiday season as the grinch appeared in an unlikely guise toy-snatching customs agents on the ethnically split island enforcing a clampdown on shopping from the Greek Cypriot south.AP - 478 words
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518 2010-12-27 15 62% of adults said in a survey they expected to spend the same or more on holiday purchases this year than last. Bloomberg [WASHINGTON] US online sales jumped 15 per cent this holiday season, spurred by “aggressive” marketing by Web-based retailers, a researchBloomberg - 518 words
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Article, Illustration391 2010-12-27 15 Reuters [LONDON] British shopper numbers in December are expected to be weaker than forecast after snow and ice gave retailers a “horrid time” over the last few weeks of the year, a survey suggested last Saturday. Data from market research company Synovate saidReuters; AFP - 391 words
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WORLD
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786 2010-12-27 16 NEWS ANALYSIS AFP [PARIS] The eurozone debt crisis has shaken the foundations of the single currency alliance. Its leaders are now weighing measures that could either herald a far-reach-ing operational revamp or simply a modest tinkering. Emergency or temporary bailouts for euro statesAFP - 786 words
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Article, Illustration519 2010-12-27 16 Reuters [DUBAI] Property developer Nakheel’s restructuring plan is being complicated by new claims from trade creditors that could lead to more legal headaches, two sources familiar with the matter said. Unlike parent firm Dubai World, which secured unanimous support from lenders withinReuters; BLOOMBERG - 519 words
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411 2010-12-27 16 Equity funds surge US$10.5b above last year; bond funds at 7 times 2009 total Reuters [KUALA LUMPUR] Emerging markets are on their way to reporting record inflows in 2010 with equity fund inflows so far reaching US$92.5 billion, US$10.5 billion above last year’sReuters - 411 words
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Article, Illustration931 2010-12-27 16 Licensing moves in Asia look to be paying off for firm AP [MACAU] February marks the start of the year of the rabbit in the Chinese lunar calendar. It may be an auspicious sign for Playboy Enterprises Inc, which opened a nightclub in MacauAP - 931 words
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318 2010-12-27 16 AFP [LONDON] WikiLeaks chief Julian Assange said in an interview published yesterday that he had signed deals for his autobiography worth more than £1 million (S$1.2 million). Mr Assange told Britain’s Sunday Times newspaper that the money would help him defend himself against allegationsAFP - 318 words
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AVIATION/SHIPPING
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Article, Illustration431 2010-12-27 17 New laws will give regulators powers to impose penalties for disruptions AFP [LONDON] Britain wants to introduce new laws which could see airports heavily fined for disrupting passengers’ travel in the wake of the pre-Christmas snow chaos that hit London Heathrow, aAFP; AP - 431 words
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274 2010-12-27 17 Xinhua [NEW DELHI] Dense fog yesterday enveloped the Indira Gandhi International Airport in the Indian capital, causing visibility to drop to near zero. Civil aviation officials said that the general visibility at the main and the new runways was less thanXinhua - 274 words
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231 2010-12-27 17 AFP [NAIROBI] Somali pirates on Saturday captured a Thai bulk carrier with its 27 crew members in the Arabian Sea, a maritime official said. The Thor Nexus was seized in the early hours while on its way to Bangladesh from the United Arab Emirates.AFP - 231 words
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343 2010-12-27 17 AFP [MANILA] Philippine Airlines (PAL) has been told to pay millions of dollars in salary increases and scrap its age limit policy after the government ruled that cabin crew had been discriminated against. The decision by Labour Secretary Rosalinda Baldoz brings anAFP - 343 words
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Article3223 2010-12-27 17 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ455 1230 SQ456 1245 EY473 1940 VA7473 1940 Adelaide LH9771 1745 LH9770 2350 SQ278 1745 SQ279 2350 VS7278 1745 VS7279 2350 Amsterdam LO4031 0605 LO4032 2350 SQ323 0605 SQ324 2350 US5410 0605 US5411 2350 AZ3992 1615 KL835 1615 Athens3,223 words
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Page 17 Miscellaneous
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Miscellaneous328 2010-12-27 17 CRYPTIC CROSSWORD Across 1 Sort dense and clownish with modicum of refinement? (8,6) 9 Striking policeman protecting front of rally in sudden emergence (7) 10 Titled woman, one active around wit (7) 11 Heartfelt couple of notes associated with old record (4) 12 Business event providing drink? One with debts328 words
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DINING OUT
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Article, Illustration817 2010-12-27 18 Jaime Ee - NEW RESTAURANT DB Bistro Moderne 10 Bayfront Avenue #B1-48, Marina Bay Sands Tel: 6688-8525 Open for dinner only from 5.30pm Two restaurants are the latest celebrity entrants at Marina Bay Sands By Jaime Ee WITH Wolfgang Puck diagonally across the floor and Mario Batali817 words
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Article, Illustration788 2010-12-27 18 Geoffrey Eu - NEW RESTAURANT Osteria Mozza and Pizzeria Mozza 2 Bayfront Avenue #B1-42 to 46, the Galleria Level of The Shoppes at Marina Bay Sands Tel: 6688-8562 Open daily (except Mondays), from 6pm to 10pm (there are plans to open the pizzeria for lunch) By Geoffrey788 words
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Page 18 Advertisements
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Advertisement24 2010-12-27 18 www.omy.sg t i m m i M sty «k.t C foinTo 2S!^tera38 00 3 su •f THE 3RD ft?- y r rT7TiTi7 nmv.s showbiz.om^sg24 words
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Advertisement21 2010-12-27 18 IT'S HERE! ■ill 3G 2:40 PM S I LDRDinE.. t GET THE FREE 9I.3FM APP NOW! Available on the App Store21 words
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SINGAPORE STOCKS
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Article9274 2010-12-27 19 Week ended: Dec 24 52-wks Tel Last Vol Week Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 3148 8Telecom 18.5 unch 1164 19 18 18 18.5 1.7 9.8 5.9 88.6 12 4.5 5834 A-Sonic9,274 words
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Article1835 2010-12-27 20 52-wks Tel Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 1181 t AA Grp 5 4 5 27.8 4.8 225 130 6222 t APStrategic 160 unch 267 164 155 1601,835 words
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Article112 2010-12-27 20 Stock name Close Change CapMallsAsia 1.880 CapitaLand 3.650 +0.010 CapitaMall 1.880 -0.010 CityDev 12.600 +0.060 ComfortDelGro 1.540 DBS Grp 14.320 -0.020 F&N 6.240 -0.040 Genting SP 2.100 -0.020 Golden Agri 0.760 HK Land 7.130 +0.030 Stock name Close Change JMH 44.800 +0.420 JSH 26.600 +0.500 Jardine112 words
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Article2646 2010-12-27 20 Transaction date: Dec 24 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.40 unch 0 Aeon Stores 16.00 unch 30 Angang Steel 11.98 -0.16 4579 Anhui Conch 36.35 0.70 1704 Anhuiexpresswa 6.93 unch 160 Asia Satellite 13.70 0.10 8 Asm Pacific 93.45 -1.50 131 Bank Of E Asia 32.702,646 words
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Article186 2010-12-27 20 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 8 5 0 0 0 5 8 5 Manufacturing 59 94 63 6 10 19 65 104 82 Commerce 31 23 24 7 5 5 38 28 29 Tpt/Stor/Comms 19 22 5186 words
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Article915 2010-12-27 20 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 112 +2 4 112 112 110.5 112 511.3 1056 761 CIMBAsean40 100US$ US1002 +9 152 1002 992915 words
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Article258 2010-12-27 20 52-Wk Tel Last Vol Week Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 6000 AVJennings A45.5 -5 2 47.5 45.5 46 50 3.6 7.7 3.6 118.5 55 16 6017 Genting HK US$ US42.5 -0.5 ***** 43.5258 words
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Article123 2010-12-27 20 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 211,305 211,305 245,515 245,515 Manufacturing 1,225,167 51,246 1,276,413 1,043,705 2,659 1,046,364 Commerce 252,618 64,216 316,834 360,786 5,074 365,860 Tpt/Stor/Comms 319,250 4,758 324,008 542,100 1,400 543,500 Finance 180,115 611 180,726 665,097 83 665,180 Construction 47,606 21,086123 words
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Advertisement26 2010-12-27 20 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES26 words
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FINANCE & COMMODITIES
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374 2010-12-27 21 In local curr In S$ In US$ dy yr dy yr dy yr Dec 24 Index Change Change Change Change Change Change World Index Preliminary 902.5 -0.1 8.4 -0.4 1.0 0.1 9.1 EAFE Preliminary 811.7 -0.1 3.4 -0.4 -3.5 0.1 4.2 Europe Preliminary 1191.1 0.0374 words
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Article180 2010-12-27 21 Dec 24 $S Offer Bid 0vernight 0.02 par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.07 US$ Offer Bid 7 days 0.42 0.32 1 month 0.42 0.32 2 months 0.44 0.34 3 months 0.46 0.36 6 months 0.56 0.46 9 months 0.80 0.65 12180 words
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Article24 2010-12-27 21 Dec 24 S$ Bid Offer 1-month 1.3014 1.3025 2-months 1.3014 1.3025 3-months 1.3014 1.3025 6-months 1.3014 1.3024 Source: OCBC Source: OCBC24 words
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Article122 2010-12-27 21 Dec 24 As at 9am 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 foreign122 words
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Article27 2010-12-27 21 Dec 24 Open High Sett STI Dec 3144 SIMSCI Dec 370.5 370.9 370.9 Taiwan Dec 316.2 316.6 315.7 Source: MF Global (S) Pte. Ltd27 words
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Article70 2010-12-27 21 Dec 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 11 3700 3730 3730 3699 259 4407 Feb 11 3686 3696 3707 3675 1890 ***** Mar 11 3672 3665 3677 3643 7801 ***** Apr 11 3636 364670 words
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Article417 2010-12-27 21 Dec 24 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.5850 0 3671 Jun11 99.4600 0 1709 Sep11 99.3000 0 785 Dec11 99.0950 0 286 EUROYEN TIBOR FUTURES Mar11 99.6525 99.6525 99.6525 99.6525 65 2059 Jun11 99.6375 0 1389 Sep11 99.6225 0 1064 Dec11 99.6100 99.6150417 words
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Article152 2010-12-27 21 Dec 24 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jan 11 496.0 495.5 496.0 11 430 Feb 11 496.0 496.0 496.0 4 512 Mar 11 495.0 520 Apr 11 495.0 426 May 11 495.0 160 Jun 11 495.0152 words
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Article82 2010-12-27 21 Dec 24 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 24.03.2011 0.38 1-Year BY*****N 01.11.2011 0.41 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 103.58 5-Year N*****0S 2.875 01.07.2015 106.6 7-Year N*****0Z 2.375 01.04.201782 words
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Article107 2010-12-27 21 Dec 23 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 11 1349.50 1328.75 1355.00 1328.00 Mar 11 1360.00 1339.75 1365.75 981.75 May 11 1367.00 1346.75 1372.25 1345.75 Jul 11 1369.25 1349.00 1374.75 1348.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 11 56.59107 words
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Article77 2010-12-27 21 CRUDE OIL PRODUCTS Dec 23 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 94.25 0.43 WTI (Near Mth) 91.49 1.65 Dubai (1-Mth F) 90.50 0.24 Tapis blend 98.25 0.15 Minas 94.15 0.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 95.33 0.16 Jet Kerosene 105.35 0.05 US$/barrel Opec Oil77 words
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2527 2010-12-27 21 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 2 unch 8151 1 3 -9 2.75 0 AFP Properties EW*****8 30.5 -1 579 1 10 -5 1.39 59 6221 Asia-Pacific Strategic W*****6 32 1.52,527 words
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Article464 2010-12-27 21 Dec 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.012 6.655 0.764 7.810 45.314 90.768 0.833 11.551 3.106 1.342 86.120 44.184 1.307 5.261 0.963 29.799 30.271 0.649 1.004 Canada 0.988 6.573464 words
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Article85 2010-12-27 21 Dec 24 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-12-27 21 Dec 24 Against S$ 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 1.5473154 words
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Article139 2010-12-27 21 GOLD (US$/oz) Dec 23 Dec 24 Hong Kong 1386.30 1383.20 Dec 24 Dec 23 London 1384.25 1377.14 1385.25 1377.91 Source: Thomson Reuters CAST BAR Dec 24 (S$) Selling Buying Kilobar 62,405.61 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 140 58 5gm 397 291 10gm 709 582 20gm139 words
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Article71 2010-12-27 21 Dec 24 Dec 24 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2403.50 2423.00 3 months 2412.00 2432.00 Copper, Grade A (US$/tonne) Cash 9397.00 9349.00 3 months 9346.00 9300.00 Lead (US$/tonne) Cash 2429.50 2452.50 3 months 2430.00 2450.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article78 2010-12-27 21 Dec 24 COCOA (£/tonne) Close Prev High/Low Mar 11 2036 2040 2050/2014 May 11 2042 2049 2046/2020 Jul 11 2056 2061 Sep 11 2062 2072 2055/2041 COFFEE (US$/tonne) Close Prev High/Low Jan 11 1970 1984 1991/1964 Mar 11 1997 2011 2020/1991 May 11 2010 2028 2034/2004 Jul 11 202378 words
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5836 2010-12-27 22 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 DING XIANG HAI Camden/New Orleans/Tampico *Loads5,836 words
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Advertisement6 2010-12-27 22 Shipping lines seeking reliable logistics partners6 words
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Advertisement28 2010-12-27 23 r FREIGHT FORWARDER urgently needed by shippers 1 Can they find your here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 132728 words
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BizIT
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Article, Illustration804 2010-12-27 24 RAJU CHELLAM - And S’pore will be hub for region, writes RAJU CHELLAM RAJU CHELLAM ONE of the world’s most high-profile companies, Dell Inc, is planning to roll out a new range of cloud computing solutions early next year across South-East Asia, with Singapore as the hub.804 words
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571 2010-12-27 24 AMIT ROY CHOUDHURY - Identity and access management will be key security focus By AMIT ROY CHOUDHURY IN 2011, IT security professionals will have to safeguard against insider threats and beef up their identity and access management (IAM) tools, according to CA Technologies, an IT571 words
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973 2010-12-27 24 RICH JAROSLOVSKY - COMMENTARY By RICH JAROSLOVSKY Rich Jaroslovsky is a Bloomberg News columnist. The opinions expressed are his own. FORGET about Google Inc’s struggle with Facebook for eyeballs and programmers. Pay no attention to its fight with Apple Inc over smartphones, or to any973 words
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835 2010-12-27 24 VICTORIA HO - Absence of common standards and OS a deterrent: analysts By VICTORIA HO IT seemed tablets were all the rage as far as personal computing devices went this year, but it will still be a while before they see widespread enterprise use, say835 words
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