The Business Times, 29 December 2010

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Microfilm: NL30984
Total Pages: 27
1 28 The Business Times
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  • Title Section
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    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Wednesday, December 29,2010
    23 words
  • Article, Illustration
    Lock icon GuocoLand eyes its Reits of passage
    746 1  -  It is studying floating an office Reit and a retail one with total assets worth $6-8 billion By KALPANA KALPANA RASHIWALA [SINGAPORE] Malaysian tycoon Quek Leng Chan’s Singapore-listed unit GuocoLand may look at floating two real estate investment trusts (Reits) one office and the
    746 words
  • Article, Illustration
    Lock icon Battle for Tanjong’s gaming assets hots up
    655 1  -  Ananda Krishnan keen to divest given son’s religious bent, other considerations By in Kuala S JAYASANKARAN CONSTRUCTION tycoon Lim Kang Hoo, with his firm Ekovest, has entered the bidding war for Tanjong plc’s gaming business valued at RM2-2.5 billion (S$837 million to S$1.05
    655 words
  • Article
    Lock icon MARKETS DIGEST
    141 1 GST INDEX 3,183.70 (+24.34) GST INDEX FUTURES 3,184 (+25) GSIMSCI 376.42 (+3.67) GSIMSCI FUTURES 377.50 (+4.30) FOREX US$ S$ US$ (S$ per US$) 1.297 (US$/S$ per 1.543 2.002 EURO (US$/S$/E) 1.321 1.714 Foreign currency per US$ S$ YEN 82.40 63.50 RM 3.093 2.384 HK$ 7.783 5.999 BAHT 30.18
    141 words
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      Lock icon Page 1 Advertisements Column 1
      178 1 EXEC MONEY China stocks set to rebound in 2011 PAGE 28 TRANSPORT HUB Strait Talk: A year of mixed fortunes OPINION Mr Yen assesses Japan and the world LAND TRANSPORT Lamborghini Academy set up in China PAGE 19 PAGE 17 PAGE Car-tier -2 s% m S i itiJl ■RG^S CALIBRE
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  • TOP STORIES
    • Article, Illustration
      Lock icon Casinos stack a sturdy house of cards for 2011
      1060 2  -  Genting, LVS poised to give Las Vegas and Asian rivals a run for their money By GRACE LEONG [SINGAPORE] 2010 was the year when bears who questioned the strength of the Singapore gaming market gave way mostly to bulls who couldn’t
      1,060 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      587 2 GuocoLand eyes its Reits of passage MALAYSIAN tycoon Quek Leng Chan’s Singapore-listed unit GuocoLand may look at floating two real estate investment trusts one office and the other retail holding assets in Singapore, China, Malaysia and possibly Vietnam, BT understands. The assets could be worth about $6 billion
      587 words
    • Article, Illustration
      Lock icon Reverse takeover deals’ success rate wanes
      730 2  -  Fewer companies taking this route over past few years By TEH TEH SHI NING [SINGAPORE] The success rate of reverse takeover deals has fallen in recent years reason for investors to exercise caution despite excitement over huge headline figures such as the US$1.2 billion
      Source: Data from Merger Market, compiled by KPMG Corporate Finance  -  730 words
    • Article, Illustration
      Lock icon Wine auction sales in 2010 top US$350m
      445 2 Houses cite robust sales in Asia for spike in figures Reuters [NEW YORK] Auction houses sold more than US$350 million worth of wine worldwide in 2010, an amount roughly in line with or exceeding their pre-recession levels of 2007. And all of them
      Reuters; AFP  -  445 words
    • Article, Illustration
      Lock icon High-end condos can’t keep pace with mass-market hikes
      595 3  -  Prices in Non-Central region top pre-crisis high, Central region 3.7% below peak By KALPANA RASHIWALA [SINGAPORE] The latest flash estimates for November from the National University of Singapore (NUS) show that prices of non-landed private homes in Singapore’s Central region (districts 1-4
      Source: NUS Institute of Real Estate Studies  -  595 words
    • Article, Illustration
      Lock icon US blizzard’s a heap of trouble for travellers
      493 3 Plane, train passengers stranded after snow storm hit the North-east AP [NEW YORK] Stranded passengers turned terminals into open-air hotels as they waited for planes to take off and land on ploughed runways after a massive blizzard sucker-punched the north-eastern US during
      AP  -  493 words
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  • Page 3 Advertisements
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      129 3 Its impeccable and subtle styling is a testament of your refined taste. It welcomes you into the Bentley world of handcraftsmanship where magnificent comfort meets sheer exhilaration with its breathtaking performance. Created to keep you exclusively in command, the Continental Flying Spur quietly ensures effortless control and finesse with an
      129 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Small caps Hotung, ECS and Think Env jump on good news
      426 4  -  Hotung most actively traded with 113m shares changing hands by 10am HOT STOCKS By FELDA CHAY THREE small caps were among the stars of the stock market yesterday, with news that pleased their investors. Hotung Investment Holdings, which owns
      Source: Bloomberg  -  426 words
    • Article
      Lock icon Sunmart woos investors for listing on Korea’s Kosdaq
      196 4  -  By TAN SI RUI SUNMART Holdings is beginning the book-building for the sale of its depository receipts, which will be listed on the Kosdaq market of the South Korean Exchange. The road show for the issue will involve selected Korean funds and
      196 words
    • Article
      Lock icon Hyflux launches online store
      258 4  -  By DANG VAN TRANG HYFLUX yesterday launched HyfluxShop, Asia’s first online store dedicated to engineering products for the water industry. HyfluxShop is a onestop virtual store for engineering products used in the water and environmental industry. It offers quality industrial products from ultrafiltration membranes to reverse
      258 words
    • COMPANY BRIEFS
      • Article
        Lock icon Asian Micro unit signs CNG contract with Rolls-Royce
        143 4 ASIAN Micro Holdings said that its wholly owned subsidiary AM NGV (S) Pte Ltd (AMNGV) has signed a five-year contract with Rolls-Royce Singapore Pte Ltd (RRS) to supply and transport compressed natural gas (CNG) to RRS’s manufacturing facility at Seletar Aerospace Park
        143 words
      • Article
        Lock icon Asia Water unit wins Xinjiang water project
        72 4 ASIA Water Technology Ltd said that Wuhan Kaidi Water Services Co Ltd, a wholly owned subsidiary, has secured a 68.82 million yuan (S$13.5 million) turnkey project to construct a centralised water supply and waste water treatment station in Xinjiang, China. The contract will
        72 words
      • Article
        Lock icon Jade Technologies proposes name change
        54 4 JADE Technologies is proposing to change its name to China Titanium Ltd to reflect the focus on the company’s new business activities. The Accounting and Corporate Regulatory Authority has given its approval for the change, and the proposed name has been reserved by the company
        54 words
      • Article
        Lock icon Sinopipe takes up placement, loan agreements
        77 4 SINOPIPE Holdings said that it has entered into conditional placement agreements and convertible loan agreements with Faith Start Holdings Limited and Crown Galaxy Holdings Limited. Under the placement, the company agreed to issue 30 million new shares to Faith Start and Crown Galaxy at
        77 words
    • Article
      Lock icon Brisk sales for CapitaLand in Beijing
      358 4  -  By EMILYN YAP CAPITALAND’S wholly owned subsidiary in China has sold around 60 per cent of 220 apartments released for sale in Beijing. CapitaLand China Holdings launched a residential tower at The Beaufort on Christmas Day, under the project’s second phase of marketing. To
      358 words
    • Article
      Lock icon Provisional liquidators appointed for Celestial
      388 5  -  Moves are afoot to preserve listing status and value of company’s assets By LYNETTE KHOO THE Singapore High Court has appointed a provisional liquidator for the beleaguered Celestial Nutrifoods to secure and safeguard the assets of the company, both in Singapore and overseas, and to
      388 words
    • Article, Illustration
      Lock icon Asian Games gave S-chip China Taisan a boost
      1363 5  -  By LYNETTE KHOO WHILE China’s sportswear industry probably got a leg-up from the Guangzhou Asian Games that took place last month, it appears that most S-chips (Chinese companies listed on the Singapore Exchange) have missed out on the action. None of the
      FILE PHOTO  -  1,363 words
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      34 4 Man Investments (Singapore) Pte ISIN-CODE NAME NAV LU********** Man AHL Trend SGD Share SGD 100.05 Ltd DATE 20.12.10 n BKilMiD[Il5pi03 Ardmore JERRY LUM Snr Marketing Director, MBA, CES HP: 8288 0098 View: jerrylum.myweb.sg ERA
      34 words
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      127 4 MAT-3 NOTICES LOST SHARE CERTIFICATES NOTICE IS HEREBY GIVEN that the undermentioned original share certificates have been reported lost or destroyed Jardine Cycle Carriage Limited (Incorporated in the Republic of Singapore) Company Registration No. *****0092R City Developments Limited (Incorporated in the Republic of Singapore) Company Registration No. *****0316Z NOTICE IS
      127 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:
      53 words
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      117 5 CHATEAU For The Discern o Artisans and connoisseurs have defined the range of Chateau wine coolers a world apart. So unique they are a redefinition on design, state-of-the-art preservation technology and precision engineering. That means your precious reds and whites are in possibly the best hands ever. A Chateau is
      117 words
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      183 5 5? A -I ry Aalto University Executive MBA Finland Poland Singapore S. Korea Taiwan Aalto University EMBA Participants: Ee Fook Ming, June Chua, Nicholas Burton rwr Hmni Helsinki School of Economics is now Aalto University, Finland's largest and leading institution. Aalto University is an innovative merger of Helsinki School of
      183 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI up 0.8% as some liquidity returns
      584 6  -  Major share indices in the region end mixed, though stocks in North Asia are mostly lower STOCKS CONRAD TAN Correspondent STOCKS here rose for a second day yesterday, this time on higher volumes, as some liquidity returned to the market after the Christmas
      Source: Bloomberg  -  584 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 2 3 0 0 0 11 2 3 Manufacturing 83 22 68 8 4 12 91 26 80 Commerce 25 16 24 7 1 5 32 17 29 Tpt/Stor/Comms 30 2 9
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 63,740 63,740 39,518 39,518 Manufacturing 329,205 26,401 355,606 228,306 2,302 230,608 Commerce 50,783 38,170 88,953 64,456 4,799 69,255 Tpt/Stor/Comms 48,854 1,644 50,498 72,300 508 72,808 Finance 171,154 171,154 115,736 115,736 Construction 8,352 2,277 10,629 2,487
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 6 Stock name Close Change CapMallsAsia 1.910 +0.020 CapitaLand 3.690 +0.030 CapitaMall 1.930 +0.040 CityDev 12.680 ComfortDelGro 1.570 +0.020 DBS Grp 14.420 +0.080 F&N 6.460 +0.060 Genting SP 2.190 +0.070 Golden Agri 0.795 +0.020 HK Land 7.020 -0.120 JMH 44.780 +0.260 JSH 26.840 -0.060 Jardine C&C 35.540
      112 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Dec 28 VALUE CLOSE BT OB/OS 41.00 +64.0 BT CADI -*****.00 +195.0 BT 10-day MA -*****.00 +4.00 FTSE ST Mid Cap 803.25 +7.28 FTSE ST Small Cap 593.83 +6.69 FTSE ST All Share 790.26 +6.39 FTSE ST China Top 294.62 +2.06 FTSE ST China 323.93 +0.37 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      60 6 VOLUME Hotung Inv 158,628,000 Genting SP 86,310,000 Golden Agri 54,877,000 Tuan Sing 38,213,000 *Genting HK US$ 37,931,000 Bio-Treat 37,069,000 Hosen 33,666,000 Qingmei 31,185,000 Transcu Grp 27,396,000 SunVic 27,010,000 VALUE($) Genting SP 186,182,220 Wilmar 46,434,560 Golden Agri 43,259,395 Noble Grp 35,628,540 Hotung Inv 29,615,964 CapitaLand 25,467,900 GLP 24,803,370
      60 words
    • BROKER’S TAKE
      • Article
        Lock icon 2011 Asia equity outlook – Singapore
        440 6 2011 Asia equity outlook Singapore DBS GROUP RESEARCH, Dec 27 STRONG liquidity inflows spurred by the strong Singapore dollar, a low interest rate environment, and buoyant economic growth set the backdrop for a positive ride into the new year. Potential headwinds halting the market’s ascent towards the second half could
        440 words
      • Article, Illustration
        Lock icon CSE Global
        417 6  -  Compiled by CONRAD TAN Dec 28 close: $1.26 DBS GROUP RESEARCH, Dec 28 CSE Global has agreed to acquire Australian-based Astib Group Pty Ltd for an initial consideration of S$46.7 million [comprising cash of A$30 million (S$39.3 million) and five million ordinary shares of CSE], valued at 7.35x
        Source: Bloomberg  -  417 words
    • Article, Illustration
      Lock icon Euro recovers in thin trade; A$ rallies
      546 6 CURRENCIES Reuters [LONDON] The euro gained yesterday, recovering from recent weak levels, while the US dollar came under broad selling pressure, hitting a three-week low against the yen and a seven-week low against the Australian dollar. The euro jumped after stop-loss orders were
      Reuters; BLOOMBERG  -  546 words
    • Article
      Lock icon RISES
      109 6 BY CENTS CLOSE UP GLD 10US$ ***** 88.2 0.5 DBXT MSTaiwan 10US$ 1978 57.1 2.3 DBXT FTVietnam 10US$ 3669 54.5 1.2 DBXT MSAsExJp 10US$ 3318 53.2 1.3 JMH 4478 33.7 0.6 DBXT DBLCI-OY 5US$ 3926 25.9 0.5 DBXT MSUSA 10US$ 2994 22.1 0.6 UOB 1810 22.0 1.2 DBXT MSINDO
      109 words
    • Article
      Lock icon FALLS
      129 6 BY CENTS CLOSE DOWN DBXT FTChina25 10US$ 3072 -37.6 -0.9 DBXT CSI300 10US$ 1032 -36.3 -2.6 DBXT S&P Short 10US$ 4521 -35.0 -0.6 Lyxor LatinAmerica 1 907 -16.9 -1.4 HK Land 702 -15.6 -1.7 DBXT MSCHINA 10US$ 1225 -11.7 -0.7 Asia Pac Brew 1950 -10.0 -0.5 UOB 5.05%NCPS 100
      129 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Analyst calls for IDA to measure surfing speed
      454 7  -  Suggestion follows telcos’ refusal to disclose their broadband speed By VICTORIA VICTORIA HO IN response to telco feedback that rejected a government proposal for them to disclose actual broadband speeds, an analyst has proposed that the regulator publishes the speeds itself, since
      454 words
    • Article, Illustration
      Lock icon 181 Soho units at The Tennery sold
      330 7  -  By UMA SHANKARI FAR East Organization has sold 181 Soho-style (small office, home office) apartments in its 338-unit The Tennery. The developer said yesterday that it released 217 units of its newest residential project, at Bukit Panjang, in a preview. A total of
      330 words
    • Article
      Lock icon Need to build up English and Maths skills
      284 7 A REVIEW of secondary education in Singapore advocates strengthening skills in English and Mathematics to help students on their post-secondary routes, and also boosting socialemotional support to students through stronger teacher-student relationships. These recommendations and more were compiled in a report released
      284 words
    • Article, Illustration
      Lock icon Hours worked, output up in past 30 yrs
      526 7  -  Singapore sole economy out of 19 to see dual increases By CHUANG PECK MING SINGAPORE hasn’t done badly in manufacturing labour productivity, going by the numbers in the past 30 years. The United States Bureau of Labor Statistics (BLS) recently compiled manufacturing
      Source: US Bureau of Labor  -  526 words
    • Article
      Lock icon Big New Year’s bash in Serangoon Gdns
      273 7  -  By CHUANG PECK MING THE organisers spent three days to personally hand out the party invitation to the 16,500 households in Serangoon Gardens. “There was intensive legwork and we wanted to be sincere about it,” said Lim Hwee Hua, Member of Parliament for
      273 words
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      Lock icon Page 7 Advertisements Column 1
      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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  • ECONOMY WATCH
    • Article
      Lock icon Output, sales data raise Japan’s economic hopes
      693 8  -  On the political front, things are also improving as Ozawa agrees to testify By ANTHONY ROWLEY THE economic mood in Japan lightened somewhat yesterday with news that industrial output rose in November for the first time in six months while retail sales rose
      693 words
    • Article, Illustration
      Lock icon ‘Fragile’ exports to slow Thai growth in 2011
      465 8 Bloomberg [BANGKOK] Thailand’s economic growth will slow in 2011 as exports falter, the Finance Ministry said after a report yesterday showed manufacturing expanded the least in a year. “Growth next year will return to a normal pattern,” Naris Chaiyasoot, the head of
      Bloomberg; BLOOMBERG  -  465 words
    • Article
      Lock icon Dong may devalue again as trade deficit widens
      401 8 Bloomberg [HANOI] Vietnam’s trade deficit widened in December, signalling increased pressure for another currency devaluation on concern the nation may struggle to fund the gap. The shortfall widened to US$1.4 billion from a revised US$1.3 billion in November, according to preliminary figures
      Bloomberg  -  401 words
    • Article
      Lock icon Obama to name his top economic adviser in Jan
      676 8 The replacement will guide nearly every economic decision AP [HONOLULU] Among the first announcements President Barack Obama will make upon returning from his Hawaiian vacation is his choice for his top economic adviser, a decision that could signal a new direction
      AP  -  676 words
    • Article, Illustration
      Lock icon Lula ends term with lasting legacy for Brazil
      678 8 AP [SAO PAULO] Plopping her swollen ankles upon a purple couch, 72-year-old Dilma de Lima exulted in the new government-built apartment that she now calls home after a lifetime of misery in Brazil’s slums. “Life has never been better,” Ms Lima said
      AP  -  678 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Federal-state tussle in Selangor raises businesses’ concerns
      646 9  -  Political squabbles could negate drive to attract investors, says economist By PAULINE NG WITH snap polls widely expected to be held by the first half of next year, an escalating tussle between the federal and Selangor state governments over a number of issues
      646 words
    • Article
      Lock icon Benalec plans to expand in Indonesia, Vietnam
      397 9 Bernama [KUALA LUMPUR] Benalec Holdings Bhd, which is slated to be listed on Bursa Malaysia’s Main Market on Jan 17 next year, is eyeing Indonesia and Vietnam to expand its marine construction services regionally. Group managing director Vincent Leaw Seng Hai said Benalec
      Bernama  -  397 words
    • Article
      Lock icon Indonesia seeks bond back-up from state firms
      294 9 Reuters [JAKARTA] Indonesia’s finance ministry is in talks with five state firms to seek a commitment from them to buy government bonds in the event of sudden outflows of capital from the market, an official said yesterday. Agus Suprijanto, Acting Head of the
      Reuters  -  294 words
    • Article, Illustration
      Lock icon BNI to grow loan business by up to 19%
      301 9 Reuters [JAKARTA] Bank Negara Indonesia, the nation’s No 4 lender and flush with US$1.2 billion from a rights issue earlier this month, aims to grow its loan business by up to 19 per cent next year from single digit growth in
      Reuters; REUTERS  -  301 words
    • Article
      Lock icon Palm oil futures touch 33-month high
      470 9 Traders cite weather hitting soybean supply, cooking oil demand from China, India Reuters Bloomberg [KUALA LUMPUR] Malaysian crude palm oil futures yesterday rose to fresh 33-month highs, driven by prospects of erratic weather sapping supply of other vegetable oil supplies like soybeans and corn.
      Reuters; Bloomberg  -  470 words
    • Article
      Lock icon Indonesia budget deficit less than expected
      262 9 Bloomberg [JAKARTA] Indonesia’s 2010 budget deficit will probably come in at 1.1 per cent of gross domestic product (GDP), less than the government’s mid-year estimate of 1.5 per cent and 2011’s target of 1.8 per cent, Finance Minister Agus Martowardojo said. “In the long
      Bloomberg  -  262 words
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      1158 9 :*ATci NOTICES BUY IT• SELL IT-FIND IT IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF KARL STORZ-ENDOSCOPY (S) PTE. LTD. (Co Reg No. *****0161E) (In Members’Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 3791 Jalan Bukit
      1,158 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Beijing shrinks rare earths export quota
      451 10 It will be down 11% next year compared to same period this year AP [BEIJING] China said yesterday that it is reducing the amount of rare earths it will export next year by more than 10 per cent likely to be an unpopular move
      AP; REUTERS  -  451 words
    • Article
      Lock icon Chinatrust bids US$3b for AIG unit
      152 10 AFP [TAIPEI] Taiwan’s Chinatrust Financial has offered US$3 billion for Nan Shan Life, the highest bid yet for the local unit of insurance giant American International Group (AIG), a lawmaker said yesterday. The second-highest bid is from Taipei-based Cathay Financial Holding, which has offered
      AFP  -  152 words
    • Article, Illustration
      Lock icon JUST GIVE THE WORD
      45 10 [TAIPEI] A photographer taking shots of a big Chinese character ‘zhang’, meaning rise, in Taipei yesterday. ‘Zhang’ was announced as the character of the year based on an Internet voting by computer users on both sides of China’s Taiwan Strait XINHUA
      XINHUA  -  45 words
    • Article
      Lock icon Sojitz ties up with Jiangsu Shagang
      242 10 Bloomberg [TOKYO] Japan’s Sojitz Corp said that it has teamed up with Jiangsu Shagang Group Co, China’s largest privately owned steelmaker, as demand increases in the world’s biggest market for the alloy. The alliance will cover supplies of iron ore and factory equipment, said
      Bloomberg  -  242 words
    • Article
      Lock icon Wal-Mart invests in Chinese e-retailer
      393 10 Firm joins 5 others to sink US$500m into 360buy.com NYT [SHANGHAI] Wal-Mart and five other companies have agreed to invest US$500 million in 360buy.com, a fast-growing online retailer in China, the Chinese company said. Liu Qiangdong, founder and chief executive of 360buy, announced the investment
      NYT  -  393 words
    • Article
      Lock icon Onion prices set to fall in India on increased supply
      371 10 Bloomberg [NEW DELHI] Onion prices in India, the world’s sec-ond-biggest grower, may continue a decline as arrivals in wholesale markets increase and after the government asked state companies to sell the vegetable at less than market rates. Prices may fall
      Bloomberg  -  371 words
    • Article
      Lock icon China begins dumping probe into US product
      401 10 It acts after receiving complaints from local ethanol makers Bloomberg [BEIJING] China, the world’s biggest grains user, has started an anti-dump-ing investigation into US shipments of dried distillers’ grains, an animal feed ingredient, adding to tensions in ongoing trade disputes. The government will
      Bloomberg  -  401 words
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  • WORLD
    • Article, Illustration
      Lock icon Europe’s year of living dangerously
      679 11 Eurozone now faces radical reform if it is to compete for investments globally AFP [BRUSSELS] It was Europe’s annus horribilis (horrible year), with gamechanging bailouts for Greece and Ireland, more emergency rescues seemingly guaranteed and tens of millions of citizens expressing rage when the boom
      AFP  -  679 words
    • Article
      Lock icon Assange memoir to detail WikiLeaks
      249 11 Reuters [NEW YORK] WikiLeaks founder Julian Assange’s new memoir will give a full account of his life and the secretive group that has leaked large amounts of documents, US publisher Alfred A Knopf said on Monday. Knopf spokesman Paul Bogaards said that Mr Assange and
      Reuters  -  249 words
    • Article
      Lock icon Currency wars highlight a global divide
      570 11 Questions raised over euro’s future, US$-based system AFP [WASHINGTON] Currency wars, exchange rate tensions between the US and China and uncertainty over the euro’s future highlight a widening gap between struggling developed economies and fast-growing emerging champions. “We’re in the midst of an international
      AFP  -  570 words
    • Article, Illustration
      Lock icon Australian floods force evacuations
      522 11 AFP [SYDNEY] Military helicopters were called in yesterday to help evacuate hundreds of Australians stranded by rising floodwaters, as entire towns were inundated by the worst deluges in parts of the region in decades. Torrential rains following in the wake of tropical cyclone Tasha, which last
      AFP  -  522 words
    • Article, Illustration
      Lock icon 2010 turns out to be one to forget for Japan
      669 12 Year may mark milestone in its slide from economic giant to second-tier power AP [TOKYO] Japan has been overtaken by China as the world’s No 2 economy. Its flagship company, Toyota, recalled more than 10 million vehicles in an embarrassing
      AP  -  669 words
    • Article
      Lock icon Growing number of US farmers markets expand to year-round
      630 12 AP [PLYMOUTH, Massachusetts] A steady stream of customers filled baskets and shopping bags with vegetables, cranberries, cheese, fresh-baked breads and pies while chatting with the dozen or so farmers selling goods in the visitor’s centre of a local museum. It was
      AP  -  630 words
    • Article
      Lock icon Swiss authorities move to halt spread of Italian mafia
      530 12 Alarmed federal police make fight against organised crime a priority AFP [GENEVA] Switzerland has always been a key destination for Italy’s mafia bosses to launder their assets or hide their cash, but recent probes show that Italian organised crime is broadening
      AFP  -  530 words
    • Article
      Lock icon US shoppers indulge themselves after X’mas
      524 12 AP [NEW YORK] Americans hit the stores after Christmas to buy, indulging the rediscovered retail appetite that may have made 2010’s holiday shopping season the biggest ever. Revenue for the holiday season is on track to grow at its strongest rate since 2006. Total
      AP  -  524 words
    • Article
      Lock icon Japan trade review may hit China imports
      484 13 About 450 items stand to lose preferential status: ministry official Reuters [TOKYO] Japan is reviewing its trade preference policy for developing countries in a move that could revoke preferences for about 450 items imported from China, an official at the Finance Ministry said
      Reuters  -  484 words
    • Article, Illustration
      Lock icon Insurance stocks led by AIG put up a great show
      748 13 Bloomberg [NEW YORK] American International Group, the company repaying a US$182.3 billion government rescue, led the US insurance industry to its best year since 2003 as investments strengthened. Nineteen of the 22 companies in the Standard Poor’s 500 Insurance Index
      Bloomberg; AFP  -  748 words
    • Article, Illustration
      Lock icon Consumer confidence falls on job concerns
      459 13 Other reports show improved sentiment, holiday spending LATEST US DATA Bloomberg [WASHINGTON] Confidence among US consumers unexpectedly fell in December, restrained by concern that jobs will remain scarce next year. The Conference Board’s confidence index decreased to 52.5, lower than the most pessimistic forecast
      Bloomberg; AFP  -  459 words
    • Article
      Lock icon France’s Q2, Q3 estimates revised down
      439 13 AFP [PARIS] The French statistics agency yesterday issued a downward revision to its second and third quarter French growth estimates, threatening to complicate government plans to reach a pace of 1.6 per cent this year. The national statistics body Insee said that growth came
      AFP  -  439 words
    • Article
      Lock icon Mining shares could lose shine as growth slows
      537 13 Reuters [LONDON] The outperformance of European basic resources equities seen in 2010 is likely to fade next year as demand is hit by a slowdown in emerging markets growth and likely metals price rises are factored into share prices. Developing economies, which
      Reuters  -  537 words
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      109 11 A Spectacular Farewell To 2010 Welcome the dawn of the New Year and let the extravaganza begin as the holiday spirit comes alive. On New Year's Eve, bid farewell to 2010 with an extravagant gala dinner and proceed to party the night away in the Atrium. Make a celebratory toast
      109 words
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  • FOCUS: SURVIVING THE ODDS
    • Article, Illustration
      Lock icon Microfinance faces hurdles
      924 14/15 Afghanistan’s microfinance sector is consolidating to ensure it grows responsibly and to address its challenges Reuters [KABUL] INoopcanN A dimly lit room at the back of an Afghan house, 21-year-old Zahara is crouched on a plank of wood weaving a large carpet on a loom that she
      Reuters; REUTERS  -  924 words
    • Article
      Lock icon When it doesn’t pay to study
      1967 14/15 Students seeking to move up by getting a degree from a for-profit college are trapped in a growing underclass of education debtors Bloomberg [BOSTON] RONNIE Franklin borrowed to pay his tuition at a for-profit college that advertised its success in preparing graduates for better
      Bloomberg  -  1,967 words
    • Article, Illustration
      Lock icon Prosperity and poverty walk hand-in-hand in North Korea
      1074 14/15 AP [PYONGYANG] Girls’ football teams waged a fierce battle outside a huge gymnasium. Two young brides, one resplendent in a white gown and the other in deep pink, married sweethearts in a snowy square. Parents pulled toddlers on plastic sleds. Pedestrians lined
      AP; FILE PHOTO  -  1,074 words
    • Article, Illustration
      Lock icon Festive fireworks light up sleepy Philippine town
      802 14/15 AFP [BALIUAG, Philippines] Gunpowder coats Angelito Garce as the Philippine pyrotechnics wizard works his magic on a vat of industrial chemicals, turning them into exploding cows, pythons, and fountains. Come nightfall on Friday, his grimy and dangerous toil is expected to help light
      AFP  -  802 words
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      121 14/15 Luxury is in the details. It's the fine details that distinguish a Phaeton. For this reason, we use a very special tool: the human hand. Only it can ensure that each of the 18,000 components which go to make up the new Phaeton receive special attention, from the hand-sewn stitches
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  • FOCUS: GOLD
    • Article, Illustration
      Lock icon Gold bubble soars as miners push button
      1346 16 The metal’s rise resembles moves reached before three big crashes of the last decade WP-Bloomberg WP-Bloomberg [LONDON] JpaeEtAMES Burton didn’t have a penny invested in gold of the US$142.8 billion he managed as chief executive officer of the California Public Employees’ Retirement System
      WP-Bloomberg; FILE PHOTO  -  1,346 words
    • Article, Illustration
      Lock icon Jewellery business held hostage by gold bubble
      1202 16 WP-BLG [SAN FRANCISCO] The rising value of bullion reaching a record US$1,431.25 an ounce on Dec 7 has upended the economics of jewellery for buyers and sellers alike, with a mix of outcomes. US purchases of gold jewellery have fallen 36 per cent
      WP-BLG; BLOOMBERG  -  1,202 words
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  • Transport HUB
    • Article
      Lock icon A year of mixed fortunes
      766 17  -  Box trades bounced back more strongly than expected but worries over tonnage supply glut, rampant piracy dim sentiment STRAIT TALK By DAVID HUGHES SO ANOTHER year slips astern, not the worst but not the best. 2010 was in many ways a lot better for the
      766 words
    • Article
      Lock icon Debt-laden Vinashin cleared to take state loans at no interest
      309 17 AFP [HANOI] Vietnam’s nearly bankrupt shipbuilder Vietnam Shipbuilding Industry Group (Vinashin) yesterday said that it would be allowed to take out interestfree loans, in another concession after it reportedly defaulted on a debt to international lenders. On its website, Vinashin
      AFP  -  309 words
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      Lock icon Deeper canals help boost Brazil’s sea port capacity
      721 17 Reuters [BRASILIA] Brazil’s sea port capacity will rise significantly in 2011 as dredging work advances, a senior port official said, relieving a major bottleneck hampering trade with the booming Latin American economy. Brazil generates more than 40 per cent of its export
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    • Article
      Lock icon TRANSPORT STOCKS
      278 17 SGX '000 Dec 28 S$ +/-Vol CH Offshore 0.48 unch 77 Chuan Hup Hldg 0.24 0.01 362 Cosco Corp 2.12 0.05 8152 CWT Ltd 0.99 0.01 381 Ezra Hldgs 1.76 0.02 2875 First Ship Lea 0.46 0.01 120 Freight Links 0.08 0.01 1051 Grand Banks unch unch 0
      278 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Russia starts probe as airport chaos sparks furor
        394 18 YouTube video shows travellers in rare display of public anger AFP [MOSCOW] Russian prosecutors yesterday launched a probe into how bad weather caused massive disruption at Moscow’s two largest airports as passengers staged protests against the chaos that left thousands stranded. Freezing
        AFP; REUTERS  -  394 words
      • Article
        Lock icon Yemen improves airport security to lift US ban
        186 18 Bloomberg [DUBAI] Yemeni authorities have improved airport security as they seek to lift a US ban on air freight from the Arab country, the state-run Saba news agency reported on Monday, citing Transport Minister Khalid al-Wazeer. The US government enforced the ban
        Bloomberg  -  186 words
      • Article
        Lock icon MAHB targets RM773m Ebita in 2011
        181 18 Bernama [KUALA LUMPUR] Malaysia Airports Holdings Bhd (MAHB) is aiming for RM773.4 million (S$323.9 million) in earnings before interest, taxes, depreciation, and amortisation (Ebitda) and a return on equity of 10.73 per cent in 2011. The Headline Key Performance Indicators (KPIs) have been set
        Bernama  -  181 words
      • Article
        Lock icon JAL to sack 170 staff, including 80 pilots
        179 18 AFP [TOKYO] Struggling Japan Airlines (JAL) said yesterday that it would dismiss about 170 pilots and flight attendants in line with its rehabilitation plan. The flagship carrier said in a statement that it would lay off about 80 pilots, 60 flight attendants
        AFP  -  179 words
      • Article
        Lock icon Hong Kong airport sets new milestones
        273 18 Passenger numbers hit 50m and cargo tops 4m tonnes Xinhua [HONG KONG] Hong Kong International Airport (HKIA) yesterday announced that its passenger volume and cargo tonnage have exceeded the 50 million and four million marks, respectively, for the first time, setting new traffic milestones.
        Xinhua  -  273 words
      • Article
        Lock icon Royal Jet, ASM ink deal to target Indian market
        232 18 Bernama [DUBAI] Abu Dhabi-based international luxury flight services company Royal Jet has entered into a partnership with Aviation Services Management (ASM) of the United Kingdom to target the fast-growing Indian market, Press Trust of India (PTI) reported yesterday. Royal Jet chief
        Bernama  -  232 words
      • Article
        Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
        3273 18 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi KU6457 1230 SQ456 1245 SQ457 1230 EY470 2200 VA7470 2200 Adelaide LH9771 1745 9W4082 2220 SQ278 1745 AF8088 2220 VS7278 1745 BA7382 2220 --JL5083 2220 MU8214 2220 QF82 2220 --LH9770 2350 SQ279 2350 VS7279 2350 Ahmedabad NH6293 0710 SQ531
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    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Lamborghini Academy for China on Asia-Pac demand
        492 19  -  Gallardo LP 560-4, 550-2 will be used at the Shanghai Formula One Circuit By SAMUEL EE THE Lamborghini Academy was introduced to China earlier this month, the first time the Italian manufacturer has taken its super sports car driving experience outside Europe for
        492 words
      • Article
        Lock icon Drivers face tax hike in bid to cut jams in Jakarta
        238 19 AFP [JAKARTA] Drivers in Jakarta are to face a rising tax bill for each vehicle they own from next month in a bid to ease worsening traffic jams in the Indonesian capital, a spokesman said yesterday. “The Jakarta city
        AFP  -  238 words
      • Article, Illustration
        Lock icon Railway linking Incheon airport to central Seoul finally opens
        289 19 AFP [SEOUL] South Korea yesterday officially opened a railway linking its main international airport at Incheon to central Seoul, almost 10 years after the airport itself began operations. The 58-km line linking Seoul station and the airport will start taking passengers
        AFP  -  289 words
      • Article, Illustration
        Lock icon US deregulation leader Alfred E Kahn dies
        734 19 OBITUARY AP [NEW YORK] Alfred E Kahn, who presided over the historic deregulation of the US airline industry during president Jimmy Carter’s administration, paving the way for JetBlue and other low-cost carriers, died on Monday. He was 93. Mr Kahn, an economics professor
        AP  -  734 words
      • Article
        Lock icon Mahathir tells Proton to enter India car sector
        322 19 Bernama [NEW DELHI] Former premier Mahathir Mohamad said that national car maker, Proton (Perusahaan Otomobil Nasional Sdn Bhd), should leverage on India’s low cost production to foray into the burgeoning car market. India’s car sector is gradually attracting worldclass players, all capitalising
        Bernama  -  322 words
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      24 17 1 T Lianhe Zaobao What are the pillars of S'pore's continued I growth in 2011? S}#lg-KB*WiWA^? To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      249 17 INFORMAL RED SEA AGREEMENT (IRSA) FAR EAST RED SEA TRADE RATE RESTORATION BUSINESS PLAN FOR 2011 In order to maintain a high standard of service to their customers, the member lines of the Informal Red Sea Agreement (IRSA) covering trade from the Far East to destinations in the Red Sea
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  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      298 18 CRYPTIC CROSSWORD Across 1 Miserable one with endless cane could be vicious (8) 5 Caught Romeo embracing miss, getting more intimate (6) 9 For example, wild cats with nine (8) 10 French painter missing back of entrance (6) 12 Mercenary let off weapon (9) 13 Roast’s overdue on Sunday (5)
      298 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Brace for Asian rate hikes in 2011
      510 20 EDITORIAL THE 25 basis-point interest rate hike by the People’s Bank of China (PBOC) on Christmas Day the second in two months could be a foretaste of things to come in 2011, and not only in China. One of the incipient trends on
      510 words
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      Lock icon China should align foreign ministry with global practice
      695 20  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator ON Oct 30, Chinese Foreign Minister Yang Jiechi and the American Secretary of State, Hillary Clinton, both in Hanoi for a session of the East Asia Summit, held
      695 words
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      Lock icon Rural life in India turning for the better
      1127 20  -  Investment, capital formation, disposable income and consumption are all on the rise YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT FARMS in India are beset by crises of various sorts. The rate of suicides, for instance the
      REUTERS  -  1,127 words
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      Lock icon Mr Yen looks at Japan and the world
      1436 21  -  While he says Japan ‘can live with deflation’, he expects the yen to strengthen to 70-80 to the dollar next year ANTHONY ROWLEY Tokyo Correspondent WHEREdoes“Mr Yen” (Japan’s former vice-finance minister for international affairs, Eisuke Sakakibara) see the yen going in 2011,
      REUTERS  -  1,436 words
    • Article, Illustration
      Lock icon Ten predictions to let economists giggle over
      997 21  -  MATTHEW LYNN The writer is a Bloomberg News columnist and the author of ‘Bust’, a book on the Greek debt crisis. The opinions expressed are his own Bloomberg THERE is an old joke that economists only make predictions so that the weather guys
      Bloomberg  -  997 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8945 22 Transaction date: Dec 28 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 354 18.5 18 18 18.5 1.7 9.8 5.9 88.6 12 4.5 5834
      8,945 words
    • Article
      Lock icon SGX CATALIST
      1885 23 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 180 164 185 106.8 4 0.5
      1,885 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9432 23 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.32/ APS Alpha Fund (USD)!** 1.01/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM
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    • Article
      Lock icon SGX ETF
      833 23 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 $mil 124 107 6389 ABF SG Bond ETF 112 111 111.8 511.3 1056 761 CIMBAsean40 100US$ US1002 1010 1014 40.1 335 270 DBS STI ETF
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    • Article
      Lock icon GLOBALQUOTE
      73 23 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 $mil 56 38 6000 AVJennings A45.5 47 50 3.6 7.7 3.6 118.5 55 16 6017 Genting HK US$ US45 +2.5 ***** 45 43 44.5 45 2963
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      66 22 FRANCK MULLER BOUTIQUE 01-07 ION ORCHARD (65) 6509 3380 B1-19 THE SHOPPES AT MARINA BAY SANDS (65) 6634 8825 SINCERE FINE WATCHES NGEE ANN CITY (65) 6733 0618 LUCKY PLAZA (65) 6737 4593 SUNTEC CITY (65) 6337 5150 THE SHOPPES AT MARINA BAY SANDS (65) 6634 9782 VIVOCITY (65) 6278
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 24 In local curr In S$ In US$ dy yr dy yr dy yr Dec 27 Index Change Change Change Change Change Change World Index Preliminary 900.6 -0.2 8.2 -0.2 0.9 -0.2 8.8 EAFE Preliminary 809.5 -0.3 3.1 -0.2 -3.7 -0.3 3.9 Europe Preliminary 1184.1 -0.6
      374 words
    • Article
      Lock icon INTERBANK RATES
      179 24 Dec 28 $S Offer Bid 0vernight 0.01 par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.01 US$ 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
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 24 Dec 28 S$ Bid Offer 1-month 1.2970 1.2972 2-months 1.2970 1.2973 3-months 1.2970 1.2973 6-months 1.2970 1.2972 Source: OCBC
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    • Article
      Lock icon SICOM FUTURES
      150 24 Dec 28 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jan 11 497.0 497.0 495.0 3 Feb 11 496.0 492.0 493.5 80 Mar 11 496.0 492.0 493.0 32 Apr 11 494.0 40 May 11 494.0 Jun 11 494.0 Jul
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    • Article
      Lock icon GOVERNMENT SECURITIES
      88 24 Dec 28 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 31.03.2011 0.39 1-Year BY*****N 01.11.2011 0.42 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 103.51 103.55 103.50 5-Year N*****0S 2.875 01.07.2015 106.35 106.45 106.39
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    • Article
      Lock icon CHICAGO BOT
      107 24 Dec 27 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 11 1373.00 1349.50 1378.25 1339.25 Mar 11 1384.50 1360.00 1389.75 1350.00 May 11 1391.00 1367.00 1395.75 1358.50 Jul 11 1392.75 1369.25 1397.50 1359.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 11 57.15
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 24 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$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2469 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left 4869 A-Sonic Aerospace W*****0 2 1 3 -9 2.75 0 AFP Properties EW*****8 31.5 1 227 1 10 -6 1.40 59 6221 Asia-Pacific Strategic W*****6 33 1 1 1
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 24 Dec 28 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.35 1.274 Can dollar 1.315 1.265 Euro 1.75 1.683 Sterling pound 2.047 1.969 NZ dollar 1.001 0.954 US dollar 1.318 1.268 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 24 Dec 28 Open High Sett STI Dec 3184 SIMSCI Dec 373.1 377.5 377.5 Taiwan Dec 315.5 316.6 315.4 Source: MF Global (S) Pte. Ltd
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    • Article
      Lock icon PALM OIL
      65 24 Dec 28 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 11 3850 3845 3850 3805 141 3951 Feb 11 3824 3818 3824 3800 940 ***** Mar 11 3781 3778 3792 3761 7729 ***** Apr 11 3755 3750
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      417 24 Dec 28 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.5950 0 4021 Jun11 99.4950 0 1709 Sep11 99.3350 0 785 Dec11 99.1300 0 286 EUROYEN TIBOR FUTURES Mar11 99.6525 0 2059 Jun11 99.6375 0 1389 Sep11 99.6225 0 1064 Dec11 99.6150 99.6200 99.6150 99.6125 1
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 24 Dec 28 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.014 6.679 0.763 7.846 45.566 91.000 0.831 11.582 3.118 1.340 86.539 44.300 1.308 6.763 0.962 29.743 30.422 0.653 1.008 Canada 0.986 6.585
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    • Article
      Lock icon SIBOR
      85 24 Dec 28 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 24 Dec 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3072 1.3085 1.0078 1.0086 Canadian dollar 1.2891 1.2899 0.9938 0.9943 Euro 1.7136 1.7146 1.3211 1.3217 NZ dollar 0.9754 0.9762 0.7520 0.7525 Sterling pound 2.0014 2.0023 1.5430 1.5434
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    • Article
      Lock icon PRECIOUS METALS
      139 24 Dec 28 GOLD (US$/oz) Dec 28 Dec 24 Hong Kong 1390.00 1383.20 Dec 24 Dec 27 London 1384.25 1381.91 1385.25 1382.68 Source: Thomson Reuters CAST BAR Dec 28 (S$) Selling Buying Kilobar 62,253.67 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 139 58 5gm 396 290 10gm 707
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    • Article
      Lock icon LONDON METALS
      71 24 Dec 24 Dec 24 Aluminium, 99.7% purity (US$/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)
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    • Article
      Lock icon LIFFE
      78 24 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
      78 words
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      5796 25 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
      5,796 words
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      Lock icon Page 26 Advertisements Column 1
      28 26 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 1327
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  • executive Money
    • Article, Illustration
      Lock icon Staying on the beaten stock track
      894 27  -  Aberdeen avoids big trends such as China, reaching instead for dividend and value investments, reports BETH WILLIAMS BETH WILLIAMS Bloomberg [NEW YORK] ANNE Richards, who helps oversee more than US$280 billion of assets worldwide as chief investment officer (CIO) of Aberdeen Asset Management, says
      Bloomberg; BLOOMBERG FILE PHOTO  -  894 words
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      Lock icon S&P upgrades of US firms outnumber downgrades
      1523 27 Confidence rising in borrowers’ ability to meet debt payments Bloomberg [NEW YORK] More US companies had their credit ratings boosted by Standard Poor’s (S&P) this year than saw them cut for the first time since 1997 as borrowers increased profits and stockpiled cash.
      Bloomberg; REUTERS  -  1,523 words
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      Lock icon China stocks set to rebound in 2011
      590 28 Slowing inflation, fewer rate hikes and accelerating economic growth are positive factors, says Morgan Stanley Huaxin Bloomberg [SHANGHAI] CHINA’S stocks will rebound next quarter from the Shanghai Composite Index’s biggest annual drop since 2008, as slowing inflation reduces the need for further interest
      Bloomberg; BLOOMBERG  -  590 words
    • Article
      Lock icon Canada bank’s China fund to launch index ETF
      385 28 Fullgoal Fund’s ETF to track Shanghai Composite Index Reuters [SHANGHAI] Bank of Montreal’s China fund venture will launch the country’s first exchange-traded fund (ETF) that tracks the benchmark Shanghai stock index, heralding more innovations in ETF products to come in the world’s
      Reuters  -  385 words
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      74 28 FX/CFD trading Trade Singapore share CFDs with 0.15% commission SiMSCI GflCf DBS 13.80 CENS 1.95 nobc 2.C STEL •o 1? Guaranteed market price for all share CFDs Award-winning online platform with DMA No GST, no exchange fees, no clearing fees Find all you need to get started at igmarkets.com.sg CFD
      74 words