The Business Times, 28 December 2010

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Microfilm: NL30984
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    24 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Tuesday, December 28, 2010
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  • Article
    Lock icon SGX trade winds may fly in foreign brokers
    709 1  -  Exchange may let brokers based abroad trade S’pore stocks; move may ease ASX deal By MICHELLE QUAH [SINGAPORE] Singapore may soon be inviting foreign brokers to participate in its securities market as members. The Singapore Exchange (SGX) has put up a consultation
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  • Article
    Lock icon MARKETS DIGEST
    139 1 GST INDEX 3,159.36 (+15.56) GST INDEX FUTURES 3,159 (+15) GSIMSCI 372.75 (+2.21) GSIMSCI FUTURES 373.20 (+2.30) FOREX US$ S$ US$ (S$ per US$) 1.298 (US$/S$ per 1.543 2.002 EURO (US$/S$/E) 1.316 1.708 Foreign currency per US$ S$ YEN 82.80 63.80 RM 3.095 2.384 HK$ 7.781 5.995 BAHT 30.18
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  • Article, Illustration
    Lock icon As Europe takes wing, blizzards ground US
    835 1  -  Bad weather keeps airlines nervous, with New York bearing brunt of snowstorms By NISHA RAMCHANDANI [SINGAPORE] Over 2,000 flights were grounded across the north-eastern United States on Sunday and yesterday following a heavy blizzard just as airports in Europe were getting back on
    XINHUA  -  835 words
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      50 1 OPINION China still stuck in interest rate quandary PAGE 19 AVIATION Turbulent times for airlines PAGE 3 PROPERTY A mild collective sale fever PAGE 26 SME Inc Katrina blazes F&B trail PAGE 8 COMMENTARY: Weigh the costs and benefits before converting to the new accounting standard PAGE 9 *****1 *****4
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      15 1 Turbulent times for airlines, Page 3 US retailers hurt as snowstorm thwarts shoppers, Page 18
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  • TOP STORIES
    • Article
      Lock icon China to step up fight against inflation
      575 2 Investors expect more rate increases as central bank official vows to use all tools to drain excess liquidity Reuters [BEIJING] China’s central bank took aim at inflation once again yesterday by saying that it will control lending and money growth in the world’s
      Reuters  -  575 words
    • Article, Illustration
      Lock icon Beijing may front-load its tightening
      763 2 Rates could be raised three times in first half: JPMorgan [BEIJING] China’s monetary tightening in 2011 may be mainly in the first half as officials tackle the fastest inflation in more than two years, JPMorgan Chase Co and Morgan Stanley said. The People’s Bank of
      REUTERS  -  763 words
    • Article, Illustration
      Lock icon Crisis could push back tax reform in Japan
      694 2  -  By ANTHONY ROWLEY JAPANESE Prime Minister Naoto Kan’s government appeared to edge closer to a major political crisis yesterday just when a record 92.4 trillion yen (S$1.45 trillion) budget needs to be steered through a divided parliament and when tough actions are
      REUTERS  -  694 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      546 2 SGX trade winds may fly in foreign brokers SINGAPORE may soon be inviting foreign brokers to participate in its securities market as members. The Singapore Exchange has put up a consultation paper, seeking the public’s feedback to its proposal to admit foreign brokers as remote trading members. The
      546 words
    • Article, Illustration
      Lock icon Turbulent times for airlines
      1316 3  -  2010 has been a year of shocks, surprises and headaches, but positives outweighed negatives By VEN SREENIVASAN [SINGAPORE] Giovanni Bisignani, director-general of the International Air Transport Association (Iata), once likened the fortunes of the global aviation industry to the fate of Sisyphus. Sisyphus is the Greek
      AP  -  1,316 words
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      54 3 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.
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Sector’s listed plays seen ringing in a good 2011
      1165 4  -  Noble pips Olam in harvesting the fruit of its investments this year: analysts COMMODITIES By FELDA CHAY THE commodities sector is set for a good year in 2011, with an anticipated price rally for raw materials likely to benefit upstream players
      Source: Bloomberg  -  1,165 words
    • Article, Illustration
      Lock icon Prices recover from China rate hike
      772 4 Reuters CRUDE oil hit a 26-month high yesterday and other commodity markets pared early losses in response to an interest rate rise by the People’s Bank of China (PBOC), focusing instead on positive fundamentals and threats to supply. The PBOC raised interest rates by
      Reuters; AP  -  772 words
    • Article
      Lock icon Keppel subsidiary clinches contracts worth $240m
      485 5  -  Latest deals boost Keppel O&M’s 2010 order book to $3.2 billion By LYNN KAN THE year-end hasn’t seen any slowdown for Keppel Corp’s wholly owned subsidiary Keppel Offshore Marine (O&M). Through its subsidiaries, Keppel Shipyard and Keppel Singmarine, Keppel O&M has won three conversion
      485 words
    • Article
      Lock icon S&P gives Great Eastern Life ‘AA-’ rating
      471 5  -  By LYNN KAN GREAT Eastern Life Assurance, the life assurance arm of Great Eastern Holdings, was given the “AA-” credit rating by Standard Poor’s (S&P) yesterday, one of the highest grades given to an Asian insurer. The ratings agency also gave a stable
      471 words
    • Article, Illustration
      Lock icon ECS to list on Taiwan Stock Exchange via TDRs
      529 5 Reuters ECS Holdings, which recently clinched nationwide distribution rights for Apple’s iPad and iPhone in China, hopes to raise gross proceeds of around US$50 million from the listing of its Taiwan Depository Receipts (TDRs). The firm is in the process of
      Reuters; ECS HOLDINGS  -  529 words
    • Article
      Lock icon ST Aerospace to refit TNT Airways aircraft
      327 5  -  By LILIAN HUANG ST Aerospace has been selected by Guggenheim Aviation Partners to perform a passenger-to-combi (PTC) conversion on a Boeing 757-200 aircraft for TNT Airways SA, which serves more than 200 countries worldwide. This is the first such project that ST Aerospace
      327 words
    • Article
      Lock icon Think Env buys US$35m stake in gold miner
      559 5  -  By LYNETTE KHOO THE Think Environmental Co (TTEC) has gone deeper in its search for gold by sealing a firmer contract with Mornington Offshore. Following a memorandum of agreement this month to acquire shares in Mornington, TTEC entered into a conditional sale
      559 words
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      77 4 Fantasy Waterbeds Pte Ltd Where Sleep Matters. No Pain, More Sleep Gained. With perfect lumbar, neck and back support, you can finally experience complete holistic sleep and all the benefits that come with it. *Visit our Fantasy Sleep Centre for your ultimate sleep solutions. Waterbeds Latex Memory Foam Spring Mattresses
      77 words
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      53 4 WINDOW ON 2011 A SPECIAL NEW YEAR TREAT FOR BT READERS 20 essays by celebrity writers on key themes and trends to watch in 2011 Featuring: Joseph Stiglitz George Soros Nouriel Roubini Wolfgang Schauble Dominique Strauss-Kahn Justin Lin Yuriko Koike Ian Buruma and others In BT’s bumper new year issue:
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      78 5 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. Swiss quality also stands for dynamism. Ensuring your success with global mailings. SwissPostoffersyoucross-bordermailing options to make your business even more successful.You can count on us for daily mail, direct
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI up 0.5% on thin volumes
      585 6  -  Just 581.5m shares worth $559.8m change hands, excluding those traded in foreign currencies STOCKS CONRAD TAN Correspondent STOCKS kicked off the final week of 2010 on a positive note, though trading volumes remained very low. The Straits Times Index (STI) ended 15.56 points, or
      Source: Bloomberg  -  585 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Dec 27 VALUE CLOSE BT OB/OS -23.00 -48.00 BT CADI -*****.00 +51.00 BT 10-day MA -*****.00 -2.00 FTSE ST Mid Cap 795.97 +0.76 FTSE ST Small Cap 587.14 +1.50 FTSE ST All Share 783.87 +3.26 FTSE ST China Top 292.56 -0.33 FTSE ST China 323.56 -0.70 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 5 6 0 0 0 6 5 6 Manufacturing 63 38 65 3 3 12 66 41 77 Commerce 19 15 26 1 3 6 20 18 32 Tpt/Stor/Comms 18 9 14
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    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Midas Holdings
        513 6 Holdings Dec 27 close: $0.935 PHILLIP SECURITIES RESEARCH, Dec 27 CHINESE train manufacturers are aggressively selling their high speed train technology to the international market in a bid to gain more market share especially in the US, where President Barack Obama is pushing for more high speed rail
        Source: Bloomberg  -  513 words
      • Article
        Lock icon Fuxing China Group
        427 6  -  Dec 27 close: $0.17 NRA CAPITAL, Dec 23 Compiled by CONRAD TAN AFTER more than a year of discussion and negotiation, the group finally fixed the price of 372 million yuan (S$72.8 million) to acquire three companies which are mainly engaged in the dyeing and electroplating services.
        427 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 21,040 21,040 32,765 32,765 Manufacturing 185,733 6,841 192,574 151,476 528 152,004 Commerce 33,589 7,410 40,999 42,517 674 43,191 Tpt/Stor/Comms 35,744 217 35,961 55,733 38 55,771 Finance 76,186 76,186 85,767 85,767 Construction 7,030 10,646 17,676 2,305
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 6 Stock name Close Change CapMallsAsia 1.890 +0.010 CapitaLand 3.660 +0.010 CapitaMall 1.890 +0.010 CityDev 12.680 +0.080 ComfortDelGro 1.550 +0.010 DBS Grp 14.340 +0.020 F&N 6.400 +0.160 Genting SP 2.120 +0.020 Golden Agri 0.775 +0.015 HK Land 7.140 +0.010 JMH 44.520 -0.280 JSH 26.900 +0.300 Jardine C&C
      114 words
    • Article, Illustration
      Lock icon Aussie dollar steadies after China raises rates
      515 6 CURRENCIES Reuters [LONDON] The Australian dollar steadied yesterday, paring losses made after China’s central bank raised rates at the weekend in a move seen largely priced in, while other major currency pairs lacked momentum in quiet trade. The euro edged higher against the
      Reuters; REUTERS  -  515 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 6 VOLUME Hotung Inv 64,269,000 Golden Agri 37,770,000 Genting SP 29,000,000 Transcu Grp 21,624,000 SunVic 14,442,000 XinRen 12,993,000 Bio-Treat 12,806,000 GMG Global 11,431,000 Noble Grp 11,334,000 Eastgate Tech 11,000,000 VALUE($) Genting SP 61,274,460 Wilmar 43,201,760 Golden Agri 29,202,360 Noble Grp 23,742,350 OCBC Bk 19,192,860 SingTel 18,809,510 UOB 16,566,860
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    • Article
      Lock icon RISES
      110 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 124.6 0.7 DBXT MSJAP 10US$ 4025 109.0 2.1 DBXT MSUSA 10US$ 2977 55.8 1.5 DBXT S&P Short 10US$ 4548 38.9 0.7 JSH 2690 38.9 1.1 APStrategic 180 20.0 12.5 F&N 640 16.0 2.6 Jardine C&C 3550 16.0 0.5 IS MSCI India
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    • Article
      Lock icon FALLS
      125 6 BY CENTS CLOSE DOWN IS S&P500 ***** -59.7 -0.4 DBXT FTVietnam 10US$ 3627 -42.8 -0.9 DBXT FTChina25 10US$ 3101 -37.6 -0.9 JMH 4452 -36.3 -0.6 GLD 10US$ ***** -31.1 -0.2 Lyxor China H 10US$ 1590 -24.7 -1.2 DBXT SPASX200 10US$ 3435 -23.4 -0.5 DBXT S&P500 10US$ 1972 -15.6 -0.6
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Former Supreme Court, City Hall to be restored for $530m
      442 7  -  Work to be finished by 2014; buildings will house new National Art Gallery By LINETTE LIM GAZETTED as national monuments, the City Hall and former Supreme Court buildings will be restored to the tune of some $530 million. Construction work
      FILE PHOTO  -  442 words
    • Article
      Lock icon China rate hike halts currencies’ gains
      478 7 Bloomberg [SHANGHAI] Last week’s rally in Asian currencies halted after China raised interest rates for the second time this quarter, dampening the outlook for spending in the No 1 export market for South Korea, Malaysia and Thailand. The Bloomberg-JPMorgan Asia Dollar Index, which tracks
      Bloomberg  -  478 words
    • Article, Illustration
      Lock icon Post-X’mas sales draw crowds
      268 7  -  By ARTHUR LEE THE sign read “up to 70 per cent discount” against an already giant sale display. It was loud enough to prompt shoppers to check out the post-Christmas sale offers inside. Many people appeared to be still on leave or in a holiday mood
      ARTHUR LEE  -  268 words
    • Article
      Lock icon System detects gene change in flu virus
      381 7  -  Software developed by GIS, University of Maryland scientists By TAN SI RUI SCIENTISTS from the Genome Institute of Singapore (GIS) and the University of Maryland in the US have come up with an automated approach to identify dangerous changes in the genome of
      381 words
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      40 7 How to run a business without running out of ideas November/December issue out now! Available at all petrol stations (except Caltex) and all major bookstores To subscribe ($30 for six issues delivered to your office or home), please call 6388-3838
      40 words
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  • SME Inc
    • Article, Illustration
      Lock icon Katrina blazing a broad F&B trail
      1316 8  -  The owner of Bali Thai caters to the tastes of heartlanders, tourists and expatriates, reports VICTOR KATHEYAS VICTOR KATHEYAS WHILE the name Katrina Holdings may not ring a bell yet, you may have nevertheless come across and perhaps even dined in some of the
      ARTHUR LEE  -  1,316 words
    • Article, Illustration
      Lock icon EAS eyes Vietnam for its next foreign foray
      1079 8  -  It is looking for staff and an office, aims to be in Hanoi by the second half of 2011 By CHEN HUIFEN HAVING penetrated Malaysia and Brunei, homegrown Electro-Acoustics Systems (EAS) is looking towards Vietnam for its next foreign foray. “We are
      ARTHUR LEE  -  1,079 words
    • Article
      Lock icon It’s not just about size
      982 9  -  SMEs should evaluate the costs and benefits of converting to the new accounting standard before taking the leap COMMENTARY By JEREMY CHAN The writer is audit director at RSM Chio Lim LLP THE Singapore Accounting Standards Council (ASC) issued a statement of intent for the
      982 words
    • Article, Illustration
      Lock icon Beauty firm Estetica raises $60k for charity
      723 9  -  Feat shows that SMEs can take on major CSR projects By MIAK AW BEAUTY firm Estetica has proven one thing to many of its small and mediumsized counterparts out there: that you do not have to be a large company with abundant resources
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    • Article, Illustration
      Lock icon Every little bit helps
      1182 10 THIS WEEK’S TOPIC Do you think there is scope for SMEs to engage in corporate social responsibility (CSR) efforts? What are some of the interesting CSR ideas or activities that you have encountered or that your company has done? Rajoo Amurdalingam Managing director The National Forwarder
      1,182 words
    • Article
      Lock icon Small-cap portfolio edges up 0.6%
      460 10  -  By TEH HOOI LING STOCKS held firm in the second-last week of 2010. Our small-cap portfolio edged up 0.6 per cent, outpacing the 0.2 per cent gain in the FTSE Small Cap Index. It just pipped the 0.5 per cent advance chalked up by the
      460 words
    • Article
      Lock icon On patents and succession planning
      437 10 ASK THE PROF Q: How do I go about patenting my invention? Currently, I do not have the funds yet to produce the product but I will be doing so in the near future. What are the benefits of patenting an invention? A: In Singapore,
      437 words
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      325 9 BUY IT SELL IT FIND IT KAT3 E c Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES Transcu Group Limited (Incorporated in Republic of Singapore) (Company Registration No: *****0320E) CLOSING DATE: 30 Dec 2010 Applications close on 30 Dec 2010 at- 5:00 pm via CDP •9:30 pm via ATM REMINDER CLOSING DATE
      325 words
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  • Page 10 Advertisements
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      193 10 Voices Next week’s topic: “The December-January period is typically the time when people create a wish list on what they hope to achieve in the coming 12 months. What New Year resolutions has your firm set? What are your targets for the year ahead?” If you are an SME owner
      193 words
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  • ECONOMY WATCH
    • Article
      Lock icon It’ll be a year of frugality and excess
      748 11 Economy will have to weather budget cuts in West and risk of overheating in emerging markets Reuters [WASHINGTON] Call it the year of feast and famine. Many of the world’s big advanced economies have pledged frugality for 2011 while fast-growing emerging markets
      Reuters  -  748 words
    • Article
      Lock icon Tough yields for US govt debt holders in 2011
      519 11 Bloomberg [NEW YORK] Wall Street’s biggest bond-trading firms say investors in US government debt will barely break even next year as yields climb from the lowest levels since the 1950s and the Federal Reserve boosts economic growth. Investors buying benchmark 10-year
      Bloomberg  -  519 words
    • Article, Illustration
      Lock icon Vietnam inflation rate highest in almost 2 years
      409 11 Bloomberg [BERKELEY] Vietnam’s inflation rate accelerated to the highest level in 22 months after currency devaluations stoked import costs and credit expansion spurred domestic demand. Prices increased 11.75 per cent in December from a year earlier, compared with 11.09 per cent in
      Bloomberg; AP  -  409 words
    • Article
      Lock icon Aquino unveils mammoth 1.65t peso budget for 2011
      369 11 Includes provision for 21b pesos in cash handouts AFP [MANILA] Philippine President Benigno Aquino yesterday signed into law a massive 1.645 trillion peso (S$48.7 billion) budget for 2011 which he said was designed to fight poverty and spur development. The 2011 budget,
      AFP  -  369 words
    • Article
      Lock icon Investors line up for first-ever IPOs in Laos
      382 11 Laos’ new exchange opens for the first time on Jan 11 AFP [HANOI] Eager novice investors in communist Laos signed up for shares as the country’s first-ever initial public offerings (IPOs) came to a close, an investment banker said yesterday. EDL-Generation Public
      AFP  -  382 words
    • Article
      Lock icon Saudi economy projected to grow 4.2% in 2011
      359 11 Bloomberg [RIYADH] Saudi Arabia’s economy may expand 4.2 per cent next year as gov-ernment-financed projects help spur growth in the Arab world’s biggest economy, Jadwa Investment Co said. “High government spending will remain the main driver of the non-oil economy, supported by
      Bloomberg  -  359 words
    • Article
      Lock icon Eurozone members wary of adopting euro
      508 11 AFP [WARSAW] As Estonia prepares to become the third former communist state to switch to the euro, other nations from behind the former Iron Curtain are waiting in the wings. But while Estonia’s Jan 1 eurozone entry may be encouraging for fellow Baltic states
      AFP  -  508 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Johor Corp won’t sell QSR Brands, KFC Hldgs
      491 12 It says plans are underway to manage debt, which falls due in 2012 Reuters [KUALA LUMPUR] Malaysia’s Johor Corp, the state investment arm of the country’s southernmost state bordering Singapore, has decided it won’t sell its indirect subsidiaries QSR Brands and KFC
      Reuters  -  491 words
    • Article
      Lock icon Germany wants more trade with Malaysia
      138 12 Bernama [KUALA LUMPUR] Germany hopes to further enhance economic ties with Malaysia and remain its No 1 trading partner from the European Union. German ambassador to Malaysia, Guenter Gruber, said Malaysian-German ties have always been excellent with Germany being one of the first countries
      Bernama  -  138 words
    • Article
      Lock icon Man Investments (Singapore) Pte Ltd
      18 12 ISIN-CODE NAME NAV DATE LU********** Man AHL Trend SGD Share SGD 100.05 20.12.10
      18 words
    • Article, Illustration
      Lock icon Fernandes denies renewed interest in Virgin Atlantic
      438 12  -  By S JAYASANKARAN TONY Fernandes has denied reports that he has renewed interest in launching a takeover bid for British airline Virgin Atlantic. Mr Fernandes, chief executive of AirAsia, spoke to Malaysia’s The Star in response to England’s Sunday Times report that he
      AFP  -  438 words
    • Article, Illustration
      Lock icon Indonesians vent on Twitter after 3-0 football loss to M’sia
      673 12  -  By LEE U-WEN TWITTER was abuzz on Sunday night after furious Indonesians vented their anger on the popular social networking site, claiming their football team had unfairly lost an important cup final to Malaysia. This after a handful of spectators
      AP  -  673 words
    • Article
      Lock icon Malaysian colleges a hotbed for militant recruiting
      679 12 AFP [KUALA LUMPUR] Malaysia’s universities have become prime recruiting grounds for Islamic militants looking for youngsters to draw into terrorist networks, security specialists warn. Unlike neighbouring Indonesia and Thailand, the moderate Muslim-majority nation has remained largely free of terror attacks but there are
      AFP  -  679 words
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      1165 12 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg DYSTAR SINGAPORE PTE LTD Company Registration No: *****4459G NEWSPAPER NOTICE Notice is hereby given pursuant to Sections 76(10)(h) and 76(12) of the Companies Act, Chapter 50 of Singapore (the “Companies Act”), that at an Extraordinary General Meeting of Dystar Singapore Pte Ltd (the
      1,165 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon More Chinese travelling abroad for leisure as incomes rise
      860 13 By 2015, the government expects 100 million people to venture abroad Reuters [YABULI, China] Take a fast-emerging middle class with money to spend. Add improving transport links. Mix in with fewer travel curbs and favourable official policies. The result? A boom
      Reuters; AP  -  860 words
    • Article
      Lock icon RBI seeks info from banks in loan probe: report
      191 13 Reuters [MUMBAI] India’s central bank has asked lenders to provide details of their exposure to companies named by investigators in a bribes-for-loans investigation, the Economic Times newspaper reported yesterday. Last month, India’s Central Bureau of Investigation (CBI) arrested eight financial company
      Reuters  -  191 words
    • Article
      Lock icon Guizhou province signs 300b yuan of contracts with state-owned firms
      351 13 This is part of govt’s bid to spur domestic consumption Bloomberg [BEIJING] China’s southwestern province of Guizhou signed almost 300 billion yuan (S$58 billion) of contracts with stateowned companies as part of government efforts to spur economic growth in poorer
      Bloomberg  -  351 words
    • Article, Illustration
      Lock icon India lifts ban on trading of sugar futures
      316 13 Bloomberg [MUMBAI] Sugar futures in India, the world’s biggest consumer of the sweetener, began trading for the first time in 19-months after a ban ended. M-grade sugar for January delivery started trading at 3,049 rupees per 100 kilogrammes on the National Commodity
      Bloomberg; REUTERS  -  316 words
    • Article
      Lock icon China netizens wary of moves to curb inflation
      578 13 AFP [BEIJING] Chinese Web users yesterday expressed their anxiety about soaring consumer prices, despite a weekend interest rate hike and reassurances on live radio from the premier that inflation can be curbed. On Saturday, the central bank raised interest rates for the
      AFP  -  578 words
    • Article
      Lock icon Bombay exchange launches Syariah stock index
      318 13 It will unlock the potential for Syariah investments in India AFP [MUMBAI] India’s Bombay Stock Exchange launched a share index of Syariahcompliant companies yesterday in an attempt to open stock-trading to more Muslims. The BSE TASIS Sharia 50 consists of the largest and most
      AFP  -  318 words
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  • WORLD
    • Article
      Lock icon Investors trying to dump bonds at record rate
      549 14 US$2.72b withdrawn from municipal-bond mutual funds in the week ended Dec 15 Bloomberg [NEW YORK] Municipal bond investors are trying to unload holdings at the fastest pace in at least 14 years amid increasing mutual fund redemptions and rising US Treasury rates.
      Bloomberg  -  549 words
    • Article, Illustration
      Lock icon DPJ to call Ozawa before parliamentary ethics panel
      600 14 Reuters [TOKYO] Senior executives of Japan’s ruling Democratic Party agreed yesterday that a parliamentary ethics panel should be convened to summon powerbroker Ichiro Ozawa over a funding scandal, threatening to widen a rift in the party. The bickering is distracting the government
      Reuters  -  600 words
    • Article
      Lock icon Sony invests 100b yen on image sensors
      200 14 Bloomberg [TOKYO] Sony Corp will invest 100 billion yen (S$1.57 billion) over the next fiscal year to double its production capacity for image sensors, as the company aims to expand output of the devices used in smartphones. The maker of Cybershot cameras will
      Bloomberg  -  200 words
    • Article, Illustration
      Lock icon Promoters to offer cheaper concert tickets in 2011
      797 14 AP [LOS ANGELES] Concertgoers sick of ballooning ticket prices should have some extra pocket change in the new year. 2010 was tough for the concert business as high prices kept many fans at home. Promoters now say they plan to make shows
      AP; PHOTOS: REUTERS, AP, AFP  -  797 words
    • Article
      Lock icon Equity holdings hit 10-month high: poll
      706 14 Investors cut back overall exposure to government bonds Reuters [LONDON] Investors are entering 2011 in a relatively bullish mood, raising equity holdings to a 10-month high, increasing exposure to high-yield credit and cutting back on government debt, a Reuters poll shows. Within bond portfolios,
      Reuters  -  706 words
    • Article, Illustration
      Lock icon Windfall returns for EU buyers of US stocks
      958 15 S&P’s jumps 23% in 2010 in euro terms as the eurozone currency plunges Bloomberg [LONDON] For all the losses facing Europeans this year, investors from the region who bought US stocks as the euro weakened are getting the best returns in a
      Bloomberg; AP  -  958 words
    • Article
      Lock icon PepsiCo takeover of Russian firm gains antitrust chief’s nod
      250 15 AFP [MOSCOW] PepsiCo’s biggest acquisition outside the United States made progress yesterday when the head of Russia’s an-ti-monopoly service said that the unit looked favourably on the US company’s takeover of a major local firm. PepsiCo on Dec 2 agreed to
      AFP  -  250 words
    • Article
      Lock icon Saudi Arabia to set up US$500m car mfg firm
      196 15 Reuters [JEDDAH, Saudi Arabia] Saudi Arabia plans to start up its first car manufacturing company with a capital of US$500 million and expects a prototype within two years, state media reported on Sunday. Riyadh-based King Saud University’s president Abdullah al-Othman signed
      Reuters  -  196 words
    • Article, Illustration
      Lock icon S Korean president calls for national unity against North
      557 15 Do not fear war with the ‘belligerent regime’, he says AFP [SEOUL] South Korean President Lee Myung-bak yesterday called for national unity in the face of North Korean attacks, saying that the communist state would exploit divisions to strike again. Mr
      AFP  -  557 words
    • Article
      Lock icon New US standards an uphill climb for pick-up trucks
      595 15 Reuters [DETROIT] Major automakers are scrambling to strip hundreds of pounds off future pick-up trucks in an effort to meet new US standards for fuel economy without sacrificing strength or towing capability. The new mandates take effect in 2016, giving automakers
      Reuters  -  595 words
    • Article
      Lock icon US mulls its new place atop corporate tax rate list
      737 16 Supporters to use Japan’s impending cut, global trend to push for US reduction Bloomberg [WASHINGTON] Japan’s pending corporate tax rate cut will give the US the highest tax on business profits in the industrialised world, and advocates of lower US
      Bloomberg  -  737 words
    • Article
      Lock icon Rare French grape varieties in comeback
      787 16 AFP [GAILLAC, France] Bernard Plageoles’ eyes flash with anger as he describes a futile 30-year struggle to dissuade fellow vintners from ripping up the now rare grape varietals that once defined a historic wine region. Four decades ago, the rolling vineyards of Gaillac, in
      AFP  -  787 words
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      Lock icon ‘Ivory Queen of Soul’ Teena Marie dies, aged 54
      392 16 [LOS ANGELES] Teena Marie, the “Ivory Queen of Soul” who developed a lasting legacy with her silky soul pipes and with hits such as Lovergirl, Square Biz, and Fire and Desire with mentor Rick James, has died. She was 54. The
      AP FILE PHOTO  -  392 words
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      Lock icon Hildebrand ‘unable’ to halt Swiss franc’s rally
      708 16 Bloomberg [LONDON] Swiss central bank president Philipp Hildebrand, who ended 15 months of intervening in foreign-exchange markets this year, may prove powerless to stop the franc from extending a record rally that he calls a “burden”, currency traders say. Options traders are more
      Bloomberg; REUTERS  -  708 words
    • Article
      Lock icon Mubarak’s son vows ‘more daring’ economic reforms
      431 16 AP [CAIRO] The son of Egypt’s president, Gamal Mubarak, said on Sunday he will press ahead with bold new economic reforms that will be “more ambitious and more daring” than those that have come before, while still vowing to protect the nation’s poor
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    • Article, Illustration
      Lock icon One German F1 champion eclipses another
      934 17 Vettel bags first win in year where Schumacher makes a comeback Reuters [LONDON] A season that started with one German world champion making a headline-grab-bing comeback at the age of 41 ended with a much younger one, Red Bull’s Sebastian Vettel, roaring to the
      Reuters  -  934 words
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      Lock icon US retailers hurt as snowstorm thwarts shoppers
      650 17 Bloomberg [GREENSBORO, North Carolina] US retailers expecting to ring up sales on the day after Christmas may have to intensify discounts after an East Coast snowstorm slammed the region on Sunday, disrupting one of the busiest shopping days of the year. Spending may
      Bloomberg; AP  -  650 words
    • Article
      Lock icon Fed panel likely to get more hawkish in 2011
      698 17 But economists see no drastic change in its policy direction NYT [WASHINGTON] As the Federal Reserve debates whether to scale back, continue or expand its US$600 billion effort to nurse the economic recovery, four men will have a newly prominent role
      NYT  -  698 words
    • Article
      Lock icon Bangladesh’s SMEs say they can boost GDP growth to 8-10%
      392 17 Reuters [DHAKA] Bangladesh’s small and medium enterprises (SMEs) can play a big role in pushing national economy up to the level required to achieve the millennium development goal of halving poverty over the next five years. But cheaper raw materials
      Reuters  -  392 words
    • Article
      Lock icon Pakistan reform delay adds to strain on IMF deal
      593 17 Rising fiscal deficit could hit standing with foreign donors Reuters [KARACHI] Pakistan’s fiscal deficit may exceed 7 per cent of economic output, endangering its standing with international donors, due to a delay in implementing a reformed general sales tax (RGST), analysts
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      32 16 (ft Lianhe Zaobao S/> <0 V s> m 'kit, «s Av V > SGD to go up 10% against the greenback in next two years? To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • EDITORIAL & OPINION
    • Article
      Lock icon Making airports more accountable
      448 18 EDITORIAL AS the fallout from one of the worst travel disruptions in recent memory continues, the British government has done well to act decisively in its attempt to prevent a repeat of the chaotic scenes at Heathrow airport after snow and ice grounded thousands of passengers
      448 words
    • Article, Illustration
      Lock icon Commodity price rise tells us we live in a finite world
      832 18  -  THE BOTTOM LINE 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 OIL is back above US$90 a barrel. Copper and cotton have
      NYT  -  832 words
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      Lock icon Can Obama prove to be the Comeback Kid?
      1343 18  -  It all depends on the pace of economic recovery and how fast unemployment rate drops LEON HADAR Washington Correspondent AFTERUSPresidentBarack Obama and the Democrats had taken a “shellacking” in the midterm congressional and gubernatorial elections in November, and the White House occupant’s
      REUTERS  -  1,343 words
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      Lock icon US needs to rethink Sino strategy
      1220 19  -  Policy towards China should be an instrument of achieving US goals rather than an end itself By ELIZABETH C ECONOMY The writer is CV Starr senior fellow and director for Asia Studies at the Council on Foreign Relations CHINA has been remarkably consistent over
      AFP  -  1,220 words
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      Lock icon Chirm still stuck in interest quandary
      711 19  -  By WU ZHIJIAN The writer runs the Web portal www.chinatells.com which provides a free database and analyses on China’s economy and markets ON Dec 25, the People’s Bank of China (PBOC) announced a 25 basis point hike in its benchmark interest rate the second
      711 words
    • Article
      Lock icon Base Financial One’s exit offer on intrinsic value
      147 19  -  LETTER TO THE EDITOR Bobby Jayoraman I REFER to the well-written commentary by Lynn Kan titled “Is Andre Koo’s exit offer for Financial One a fair deal?” (BT, Dec 24). In addition to the observations made by the writer, I have a
      147 words
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      103 19 HAVE YOUR SAY Fax your letters to 6319-8277 or e-mail them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
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  • AVIATION
    • Article, Illustration
      Lock icon Power outage closes main Moscow airport
      535 20 Transmission lines downed by sleet across central Russia AFP [MOSCOW] Moscow’s main airport was closed to international traffic on Sunday as unseasonably warm weather produced hail storms that wreaked havoc with the city’s traffic and left shoppers navigating streets of ice. The heavy sleet
      AFP; AP  -  535 words
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      Lock icon Air security improved year after bomb attempt
      503 20 US is also looking at addressing other areas: Homeland Security Secretary Bloomberg [WASHINGTON] US Homeland Security Secretary Janet Napolitano marked the one-year anniversary of a foiled aeroplane bombing by touting improved security and warning of new threats. “The overall message is everything is
      Bloomberg; AFP  -  503 words
    • Article
      Lock icon Cambodian assembly OKs Asean air freight agreements
      256 20 Xinhua [PHNOM PENH] The Cambodian National Assembly yesterday unanimously adopted the draft law of the Asean multilateral agreement on the full liberalisation of air freight services and the Asean multilateral agreement on the full liberalisation of passenger air services. Nin Saphon, chairwoman of
      Xinhua  -  256 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3236 20 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
      3,236 words
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      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      3415 21 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 *Loads
      3,415 words
  • Page 20 Miscellaneous
    • Miscellaneous
      Lock icon Page 20 Miscellaneous Column 1
      334 20 CRYPTIC CROSSWORD Across 7 Surprise visit finally left in tears, sadly (7) 8 Drink for a trainee policeman before work (7) 10 Discover sectarian plot (9) 11 In plain terminology, lay to rest (5) 12 The social status of actors with bearing (5) 13 Listen to adverse reforms and hope
      334 words
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      27 21 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
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  • Article
    Lock icon Rickmers bags extension on ship’s charter
    410 22 Hire rate trebles; vessel fleet to continue to be fully employed next year [SINGAPORE] Chilean carrier Compañía Sudamericana de Vapores (CSAV) has declared its option to extend the charter of MVKaethe C Rickmers for an additional 12 months, Rickmers Trust Management (RTM), the trustee-manager
    410 words
  • Article
    Lock icon DryShips to buy 12 tankers for US$770m
    294 22 Investment to be used in IPO or for spinoff eventually Bloomberg [CHICAGO] DryShips Inc, a Greek owner of deep-water drilling rigs and vessels that haul iron ore and coal, says it has agreed to purchase 12 tankers for US$770 million from a Korean
    Bloomberg  -  294 words
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    Lock icon Heavy rains seen dampening freight rates
    359 22 Reuters [SINGAPORE] Freight rates for panamax bulk carriers on key Asian routes are expected to fall to fresh 2010 lows this week as heavy rains disrupt coal operations and dampen vessel demand in Australia, shipbrokers said last Thursday. For the capesize market, rates were
    Reuters; BLOOMBERG  -  359 words
  • Article
    Lock icon Baltic Dry Index expected to slip
    115 22 [SINGAPORE] The Baltic Dry Index, a measure of commodity shipping cost, is expected to slip towards 1,700 this week, as its trending signal has turned bearish. The index failed to develop an uptrend around a key support level at 2,060. As the following drop
    115 words
  • Article
    Lock icon TRANSPORT STOCKS
    278 22 SGX '000 Dec 27 S$ +/-Vol CH Offshore 0.48 -0.01 44 Chuan Hup Hldg 0.24 unch 160 Cosco Corp 2.07 0.01 2948 CWT Ltd 0.98 unch 289 Ezra Hldgs 1.74 -0.01 1095 First Ship Lea 0.46 unch 75 Freight Links 0.07 unch 1995 Grand Banks unch unch 0
    278 words
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      311 22 ASIAN FEEDER DISCUSSION GROUP (AFDG) NOTICE TO MAIN LINE OPERATORS (MLOs) BUSINESS PLAN 2011 The following Members of AFDG wish to inform the trade of their Business Plan for 2011. 1. RATE RESTORATION (RR) Members will be implementing a number of rate restorations in 2011 to recover increased operating costs
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      15 22 Experienced shfp maintenance services wanted. Can they find your services here in the Shipping Times?
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      21 22 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8840 23 Transaction date: Dec 27 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 18.5 unch 211 18.5 18 18 18.5 1.7 9.8 5.9 88.6 12 4.5 5834
      8,840 words
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      Lock icon SGX CATALIST
      1707 24 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 180 +20 20 183 164 163
      1,707 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9344 24 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.33/ APS Alpha Fund (USD)!** 1.02/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.9168/0.9168 AXA Wealth Mgt S'pore Pte Ltd AXA WM
      9,344 words
    • Article
      Lock icon SGX ETF
      841 24 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 $mil 124 107 6389 ABF SG Bond ETF 112 109.5 112 511.3 1056 761 CIMBAsean40 100US$ US1002 1001 1009 40.1 335 270 DBS STI ETF
      841 words
    • Article
      Lock icon GLOBALQUOTE
      248 24 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 $mil 56 38 6000 AVJennings A45.5 47 50.5 3.6 7.7 3.6 118.5 55 16 6017 Genting HK US$ US42.5 unch 8377 43.5 42.5 42.5 43 2798.4
      248 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 25 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 0.0
      374 words
    • Article
      Lock icon INTERBANK RATES
      179 25 Dec 27 $S Offer Bid 0vernight 0.02 par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 1/8 US$ 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 12
      179 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Dec 27 S$ Bid Offer 1-month 1.2973 1.2984 2-months 1.2973 1.2984 3-months 1.2973 1.2984 6-months 1.2973 1.2983 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 Dec 27 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.344 1.268 Can dollar 1.311 1.261 Euro 1.736 1.67 Sterling pound 2.042 1.964 NZ dollar 0.997 0.95 US dollar 1.321 1.271 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon STOCK INDEX FUTURES
      29 25 Dec 27 Open High Sett STI Dec 3165 3175 3159 SIMSCI Dec 370.4 375.4 373.2 Taiwan Dec 315.3 316.6 315.8 Source: MF Global (S) Pte. Ltd
      29 words
    • Article
      Lock icon PALM OIL
      66 25 Dec 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 11 3740 3825 3825 3740 304 4378 Feb 11 3718 3791 3801 3713 2240 ***** Mar 11 3665 3756 3767 3662 ***** ***** Apr 11 3640 3728
      66 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      420 25 Dec 27 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.5900 0 4021 Jun11 99.4650 0 1709 Sep11 99.2950 0 785 Dec11 99.0700 0 286 EUROYEN TIBOR FUTURES Mar11 99.6525 65 2059 Jun11 99.6375 0 1389 Sep11 99.6225 0 1064 Dec11 99.6150 99.6150 99.6150 99.6125 205
      420 words
    • Article
      Lock icon SICOM FUTURES
      128 25 Dec 27 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jan 11 498.5 496.0 498.5 22 Feb 11 498.0 496.0 498.0 12 Mar 11 498.0 Apr 11 500.0 500.0 500.0 5 May 11 498.0 Jun 11 498.0 Jul 11
      128 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      90 25 Dec 27 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 31.03.2011 0.39 0.40 0.39 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 103.52 103.58 103.56 5-Year N*****0S 2.875 01.07.2015 106.36
      90 words
    • Article
      Lock icon CHICAGO BOT
      107 25 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 56.59
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 25 CRUDE OIL PRODUCTS Dec 24 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 93.87 -0.38 WTI (Near Mth) 91.01 -0.48 Dubai (1-Mth F) 90.96 0.46 Tapis blend 98.60 0.35 Minas 94.40 0.25 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 97.22 1.89 Jet Kerosene 106.25 0.90 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2400 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 2 1 3 -9 2.75 0 AFP Properties EW*****8 30.5 unch 188 1 10 -4 1.38 59 6221 Asia-Pacific Strategic W*****6 32 unch 59 1
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 25 Dec 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.011 6.662 0.764 7.818 45.420 90.814 0.832 11.549 3.109 1.341 86.213 44.249 1.304 6.766 0.963 29.639 30.318 0.651 1.005 Canada 0.989 6.589
      464 words
    • Article
      Lock icon SIBOR
      85 25 Dec 27 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 25 Dec 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3032 1.3049 1.0045 1.0050 Canadian dollar 1.2888 1.2904 0.9933 0.9938 Euro 1.7069 1.7084 1.3156 1.3158 NZ dollar 0.9712 0.9733 0.7486 0.7496 Sterling pound 2.0014 2.0034 1.5426 1.5430
      154 words
    • Article
      Lock icon PRECIOUS METALS
      139 25 Dec 27 GOLD (US$/oz) Dec 23 Dec 24 Hong Kong 1386.30 1383.20 Dec 24 Dec 23 London 1384.25 1377.14 1385.25 1377.91 Source: Thomson Reuters CAST BAR Dec 27 (S$) Selling Buying Kilobar 62,080.33 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 139 58 5gm 395 290 10gm 705
      139 words
    • Article
      Lock icon LONDON METALS
      69 25 Dec 24 Aluminium, 99.7% purity (US$/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) Cash *****.00
      69 words
    • Article
      Lock icon LIFFE
      78 25 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 2023
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  • PROPERTY
    • Article, Illustration
      Lock icon A mild collective sale fever
      1535 26  -  Most of the en bloc sales this year transacted at less than $50 million each, writes NICHOLAS MAK NICHOLAS MAK Nicholas Mak is executive director (research consultancy), SLP International Property Consultants THE residential en bloc or collective sales market in Singapore is picking up again
      1,535 words
    • Article, Illustration
      Lock icon Vietnam needs 2.2t dong for homebuilding over 5 years
      728 26 Govt report also notes pressing issue of low-income housing Bernama [HANOI] Vietnam needs more than 2.2 trillion dong (S$145 million) in the next five years to develop housing, Vietnam News Agency cited a report recently released by the Ministry of Construction.
      Bernama; BLOOMBERG  -  728 words
    • Article, Illustration
      Lock icon UK home prices continue to slide in Dec
      585 27 6-month decline will extend into 2011 on weak demand and tighter loans: report Bloomberg [LONDON] UK house prices fell for a sixth month in December and will extend their decline in 2011 on weak demand and tighter mortgage lending conditions, Hometrack said.
      Bloomberg; BLOOMBERG  -  585 words
    • Article, Illustration
      Lock icon Las Vegas revitalising downtown – with help from Zappos
      1280 27 Las Vegas revitalising downtown with help from Zappos Amazon-owned online shoe retailer with eccentric ways moving into city hall NYT [LAS VEGAS] The imposing concrete building, a place now for the recorder of deeds and the seekers of zoning variances, will soon play unlikely host to a company that lists
      NYT; BLOOMBERG  -  1,280 words
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      21 27 adv REALBTAR i I lot gan Lr, r ejosingjBoogJ Brand New] L: *****sqft/lbo00sqft $24.5M OPEN HOMSE For Enquiry Pis Call:6100 0080
      21 words
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      Lock icon Page 27 Advertisements Column 2
      61 27 yjftflOsqft KB**®""® park @JUR0NG EAST lS 0»6VS™ HEBYJ Impressive Corporate Image with State y Jg! of the Art Infrastructure. Beautiful Landscaping Exclusive environment equipped with full range of amenities for quick business set up Conveniently accessible via AYE and PIE Minutes away from Jurong East MRT and Bus Interchange mapleiree
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  • INDUSTRIAL SPACE
    • Article, Illustration
      Lock icon Subterranean warehouse
      968 28  -  South-east Asia’s first underground rock cavern for oil storage expects strong industry demand, reports UMA SHANKARI UMA SHANKARI JTC’s ground-breaking Jurong Rock Cavern (JRC) project, which has been in the making for close to a decade, is finally taking shape. Construction of the $950 million first phase of
      Graphics adapted from JTC  -  968 words
  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      163 28 Let your aerospace business soar at the Business Aviation Complex Strategically located in the world-class, integrated and inspiring Seletar Aerospace Park, the Business Aviation Complex (BAC) is a 7-storey multi-tenanted building targeted at companies providing business aviation support services. Whether you are a new startup or an established business, BAC
      163 words
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      7 28 This series is brought to you by
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