The Business Times, 7 December 2011

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL31729
Total Pages: 32
1 32 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Wednesday, December 7,
    23 words
  • Article, Illustration
    Lock icon Punch-drunk US seems ready to bounce back
    661 1  -  From jobs to manufacturing and housing, signs are surprisingly good By ROB CURRAN LIKE an ageing prizefighter shrugging off injuries from the mortgage crisis, the European sovereign debt crisis and Chinese competition, the US economy is surprising the crowd by refusing to go
    BLOOMBERG  -  661 words
  • Article
    Lock icon MARKETS DIGEST
    140 1 HST INDEX 2,749.24 (-16.99) HST INDEX FUTURES 2,741.00 (-17.00) HSIMSCI 314.04 (-2.42) HSIMSCI FUTURES 312.50 (-3.00) FOREX US$ S$ US$ (S$ per US$) 1.287 (US$/S$ per 1.560 2.009 EURO (US$/S$/E) 1.334 1.718 Foreign currency per US$ S$ YEN 77.70 60.40 RM 3.139 2.438 HK$ 7.775 6.040 BAHT 30.87
    140 words
  • Article, Illustration
    Lock icon More layoffs loom and may linger next year
    706 1  -  Unions expect 20% more retrenchments this year; next year even more uncertain: PM Lee By CHUANG PECK MING [SINGAPORE] Layoffs in the unionised sector this year are tipped to be at least 20 per cent higher than in 2010, even as the
    WOO FOOK LEONG / LIANHE ZAOBAO  -  706 words
  • Page 1 Advertisements
Page thumbnail Page 2
  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      357 2 More layoffs loom, may linger next year LAYOFFS in the unionised sector this year are tipped to be at least 20 per cent higher than in 2010, even as the economy is on track to grow at around 5 per cent, Prime Minister Lee Hsien Loong said yesterday.
      357 words
    • Article
      Lock icon Markets exhale after S&P bombshell
      706 2  -  European markets take news better than their Asian counterparts By NEIL BEHRMANN By in London EUROPEAN stock, bond and currency markets were relatively muted following Standard Poor’s (S&P) warning that it could downgrade the triple A ratings of Germany, France, Holland and other key eurozone
      706 words
    • Article
      Lock icon Boat Quay set to clean up its act
      606 2  -  Tenants, URA seek to stamp out touting and overcharging By DEBBIE YONG [SINGAPORE] Tired of being tarred with the same brush as the errant minority, some Boat Quay tenants have banded together to wash away the area’s sordid reputation. The first thing
      606 words
    • Article
      Lock icon Correction
      51 2 IN “MAS assistant MD leaves, sparking exec reshuffle” (BT, Dec 3), we said the Monetary Authority of Singapore last revamped its senior management team just nine months ago. This is incorrect. That reshuffling of the senior management team was way back in March 2010. We are sorry for the
      51 words
    • Article
      Lock icon S’pore, HK most vulnerable to EU, US crises: ADB
      1197 4  -  Bank downgrades growth forecasts for East Asia, warns of eurozone contagion By in ANTHONY ROWLEY in Tokyo SINGAPORE and Hong Kong would be worst hit among all East Asian economies if the eurozone crisis led to recession in Europe while these
      1,197 words
    • Article
      Lock icon The hottest place in the region for business
      551 4  -  By LEE U-WEN [SINGAPORE] Singapore has toppled Hong Kong as the best economy in the Asia-Pacific region to invest in, according to a new survey by Singapore-based political risk consultancy Vriens Partners. The Republic came in either first or second among 19
      551 words
    • Article, Illustration
      Lock icon Small firms more likely to look outside for CFOs
      608 4  -  By LYNETTE KHOO [SINGAPORE] Smaller companies are more likely than larger firms to seek external talent when appointing chief financial officers (CFOs), rather than sourcing for talent internally. And CFOs in smaller companies are more inclined to hold multiple positions, including
      Source: KPMG  -  608 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      60 2 0c >eter' r, vat 6 B dnk.i I V? h I December 8 13 201 I THE CATHAY CINEPLEX GOLDEN VILLAGE VIVOCITY SHAWTHEATRES LIDO ALLIANCE FRANCHISE THEATRE uniFrance/i/wis Title Sponsor BUILDING TEAM SPIRIT TOGETHER BSOCIETE GENERALE Private Banking Official Fashion Sponsor pERRIER^OUtr Alliance Official Film Industry Support Official Festival Car
      60 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      68 2 i\M v 1 m S3 i I m YOU TRAINING ACCOUNTANT WHOSE EYES ARE ON THE CLOCK, OPh BUSINESS? i >C3 r. <■ *T A 84% of FTSE 100 companies have an ICAEW Chartered Accountant on their board. Now you know who to consider for your next business investment. It's
      68 words
Page thumbnail Page 3
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      142 4 POWERPLUS GROUP INC., USA congratulates for winning the Singapore Prestige Brand Award 2011 POWERPAC® HEARTIEST CONGRATULATIONS FROM POWERPLUS GROUP OF COMPANIES AND ASSOCIATES: POWERPLUS GROUP INC., USA HERITAGE HOTEL PTE LTD (±s&) WI®-£-a] Commercial Bank POWERPLUS GROUP PTE LTD FUJI TIRES CORPORATION PTE LTD citibank AN ASME-IIANHE ZAOBAO AWARD Singapore
      142 words
    • Advertisement
      Lock icon Page 4 Advertisements Column 2
      98 4 Chj Ta\% 2011 A Musical Journey Of Friendship And Hope A charity concert showcasing young talent in aid of The Straits Times School Pocket Money Fund and The Business Times Budding Artists Fund Dates: Dec 8,7.30pm Dec 10,4.30pm Venue: NUS University Cultural Centre Tickets are at $15, $20 and $30
      98 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      360 5 Technology that advances luxury Audi e-tron The future of electric mobility newAt Audi e-trone Electric mobility is the future of the automobile industry and offers moreion-free motoring. Global trends like urbanisation, dwindchanging the face of automotive locomoeuirements. More thaboun than just emission-free motoring. Global trends like urbanisation, dwindlingustainability are changing
      360 words
Page thumbnail Page 6
  • COMPANY NEWS
    • Article, Illustration
      Lock icon Profit boost for ComfortDelGro unlikely: analysts
      484 6  -  Fare hikes not likely to see immediate cab rental revision, they say By JOYCE HOOI COMFORTDELGRO will not benefit from its latest taxi fare revision in terms of earnings, say analysts. But some reckon that, further down the road, the new fare structure will
      FILE PHOTO  -  484 words
    • Article
      Lock icon Parkson Holdings eyes new markets in South-east Asia
      525 6 Bloomberg [KUALA LUMPUR] Parkson Holdings Bhd, a Kuala Lumpur-based department store operator that makes most of its revenue in China, plans to enter new markets in South-east Asia to tap the region’s growing affluence. The retailer that has 102 outlets in China,
      Bloomberg  -  525 words
    • Article
      Lock icon Offshore industry to hold firm in 2012: report
      485 6  -  By RONNIE LIM FIRM oil prices next year with Brent crude expected to average US$105 a barrel in 2012 (up from around US$102 this year) should underpin demand in the Singapore offshore sector, says Credit Suisse in a research report released yesterday.
      485 words
    • Article
      Lock icon A dozen detained in Hi-P plant strike in Shanghai
      234 9 Reuters [SHANGHAI] Chinese police detained around a dozen workers at a Singa-pore-owned electronics plant in Shanghai yesterday as a strike involving over 200 workers extended into its seventh day in the latest labour unrest to hit the country. Around 80 workers
      Reuters  -  234 words
    • Article, Illustration
      Lock icon A busy December for corporate bond market
      841 9  -  3 firms are raising $450m so far this month, vs one deal of $26m in Dec 2010 By SIOW LI SEN COMPANIES are not letting up tapping the bond market for money. One week into December, a normally quiet month, three are raising
      841 words
    • Article
      Lock icon ANZ eyes top four foreign bank spot in S’pore
      379 9  -  By EMILYN YAP ANZ has set its sights on growing its trade, cash management, debt capital market, and rates and foreign exchange businesses as it aims to become one of the top four foreign banks in Singapore. Its revenue here jumped
      379 words
    • COMPANY BRIEFS
      • Article
        Lock icon CCM unit secures $2.58m contract
        67 10 CCM Group’s wholly owned subsidiary, CCM Industrial Pte Ltd, has secured a $2.58 million contract from the Bishan-Toa Payoh Town Council. CCM will act as the main contractor for the proposed repairs and redecoration works to 38 blocks at Bishan Street 11, 12 and 13.
        67 words
      • Article
        Lock icon Sunpower unit wins US$6.8m supply deal
        61 10 SUNPOWER Group’s wholly owned subsidiary, Jiangsu Sunpower Technology Co Ltd, has secured a US$6.8 million contract from CTCI Corporation, the largest engineering, procurement and construction company in Taiwan. Under the contract, Sunpower will supply high-end core equipment to CTCI Corporation, to be used by
        61 words
      • Article
        Lock icon Leveraged finance director leaves UOB
        91 10 Bloomberg UNITED Overseas Bank Ltd’s leveraged finance director Erwan Stervinou left the Singapore-based bank. Mr Stervinou, whose departure was confirmed by UOB’s Singapore-based spokeswoman Karina Choo, was based in Hong Kong. He joined UOB in 2008 and reported to Ronny Chng, UOB head of investment
        Bloomberg  -  91 words
      • Article
        Lock icon Wheelock & Co $100m bond sale
        84 10 Wheelock Co $100m bond sale Bloomberg WHEELOCK Co hired Standard Chartered to help it with a $100 million sale of three-year bonds, according to a person familiar with the matter. The fixed-rate, senior unsecured notes are being marketed to yield around the 3.5 per cent area and are being sold
        Bloomberg  -  84 words
      • Article
        Lock icon Cerebos will not raise offer for NZ firm
        58 10 Reuters FOOD company Cerebos Pacific said it would not be increasing its offer price of NZ$2.50 under its full takeover offer for all the equity securities in New Zealand’s honey products company Comvita Limited. Comvita said last month that its independent directors
        Reuters  -  58 words
    • Article
      Lock icon PICTET
      266 10 Pictet-Absl Rtn Glo Cons-P EUR 02.12.2011 EUR 100,14 Pictet-Absl Rtn Glo Div-P EUR 02.12.2011 EUR 111,83 Pictet-Asian Equities Ex Japan-P USD 02.12.2011 USD 159,08 Pictet-Asian Local Currency Debt-P USD 02.12.2011 USD 144,56 Pictet-Biotech-P USD 02.12.2011 USD 284,73 Pictet-CHF Liquidity-P 02.12.2011 CHF 124,26 Pictet-Clean Energy-P USD 02.12.2011 USD 63,31 Pictet-Digital
      266 words
    • Article
      Lock icon US investors look to S’pore amid global market woes
      644 10  -  They raised their holdings of SGX-listed stocks by a net US$1.16b in Q3, up from US$990m in Q2 By CHUANG PECK MING THE Americans are big investors in many businesses in Singapore, bigger than in many other Asian countries. Yet when
      644 words
    • Article
      Lock icon MAS slaps $50k fine on Chinese national
      202 10  -  By GRACE LEONG A CHINESE national was fined $50,000 for violating Singapore’s insider trading laws after he admitted he bought shares of Shanghai Asia Holdings Ltd using privileged information concerning a potential buyout of the Singapore-listed company. Yao Hongyuan, a Chinese national based
      202 words
    • Article
      Lock icon Thai plant may resume partial ops in Q1: STATS ChipPAC
      225 10  -  By LYNN KAN STATS ChipPAC expects operations at its flooded Thai factory to remain suspended till January 2012, with partial operations to kickstart some time during the first quarter of next year. The Navanakorn Industrial Estate plant’s suspension to the
      225 words
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      174 6 T w r.: c Ly,' M -v Wg$k <> > mm \A :<W «</? '£J *V ATLAS® SMS CONTEST SMS now to win a pair of Bose® Mobile In-Ear 2 Headset worth $199! SMS "Xmas08 <space> Name <space> NRIC <space> Email <space> to 9342 7379 Lucky draw ends 31st December
      174 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Lock icon Page 7 Advertisements Column 1
      29 7 Congratulates Transocean Offshore Deepwater Holdings Ltd Transocean Offshore Deepwater Holdings LtdongrauaesTransoceanOffshoreDeewaterHoldinsLtd On the successful delivery of Transocean Honor Pacific Class®400 Jack Up Drilling Rig 30thNovember 2011 A Subsidiary of
      29 words
Page thumbnail Page 8
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon S&P eurozone warning hits market
      550 8  -  STI falls almost 17 points to close at 2,749.24; turnover remains thin, amounting to just 1.1b units worth $792m STOCKS R SIVANITHY Senior Correspondent ASTANDARD Poor’s (S&P) warning of a possible rating downgrade for eurozone members weighed heavily in this part of the world yesterday,
      Source: Bloomberg  -  550 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 6 5 0 0 0 3 6 5 Manufacturing 34 54 39 4 6 5 38 60 44 Commerce 17 15 15 2 3 5 19 18 20 Tpt/Stor/Comms 10 21 7
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,023 15,023 52,770 52,770 Manufacturing 138,598 5,834 144,432 116,315 102 116,417 Commerce 77,775 7,274 85,049 101,094 680 101,774 Tpt/Stor/Comms 81,960 19,527 101,487 117,628 2,094 119,722 Finance 11,571 55 11,626 92,575 6 92,581 Construction 120,971 1,017
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 8 Stock name Close Change CapMallsAsia 1.295 -0.010 CapitaLand 2.550 -0.060 CapitaMall 1.770 -0.030 CityDev 10.010 -0.120 ComfortDelGro 1.440 +0.020 DBS Grp 12.450 -0.310 F&N 6.480 +0.010 GLP 1.800 -0.010 Genting SP 1.535 -0.030 Golden Agri 0.705 HK Land 4.740 -0.020 JMH 48.100 -0.090 JSH 29.510 +0.450
      113 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 8 Dec 6 VALUE CLOSE BT OB/OS -225.00-121.00 BT CADI -*****.00 -83.00 BT 10-day MA -*****.00 -22.00 FTSE ST Mid Cap 606.07 -2.04 FTSE ST Small Cap 409.86 -2.36 FTSE ST All Share 658.88 -3.77 FTSE ST China Top 193.31 -0.82 FTSE ST China 227.19 -0.47 FTSE ST
      65 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      61 8 VOLUME GMG R 126,586,000 PSL Hldgs 108,951,000 Golden Agri 66,172,000 Genting SP 54,849,000 Noble Grp 43,046,000 GMG Global 29,571,000 HPH Trust US$ 22,420,000 Midas 21,188,000 SingTel 17,694,000 Sky One 16,475,000 VALUE($) Genting SP 84,288,335 SingTel 54,953,803 Noble Grp 51,921,945 Golden Agri 46,382,130 PSL Hldgs 36,994,835 DBS Grp
      61 words
    • Article, Illustration
      Lock icon QUICKCHART
      444 8  -  by Kim Eng Research Severely oversold The bearish trend is likely to persist in the medium term, with prices having fallen sharply below the descending channel. The stock is severely oversold and the immediate support level of $0.113 (52-week low) could be retested. Failure to hold above this level
      444 words
    • Article, Illustration
      Lock icon Asian units fall, after S&P’s comments
      472 8 CURRENCIES Bloomberg [SINGAPORE] Asian currencies dropped, led by the Philippine peso and the Thai baht, after Standard Poor’s (S&P) warned that the credit ratings of 15 euro-area nations may be cut, adding to concern global economic growth will slow. The MSCI Asia-Pacific Index of
      Bloomberg; BLOOMBERG FILE PHOTO  -  472 words
    • Article
      Lock icon RISES
      113 8 BY CENTS CLOSE UP DBXT MSJAP 10US$ 3503 139.0 3.2 JSH 2951 57.9 1.5 Jardine C&C 4706 56.0 1.2 DBXT MSEmer 10US$ 369 39.9 9.2 IS S&P500 ***** 27.0 0.2 DBXT FTVietnam 10US$ 2092 20.6 0.8 Pru 500US$ 1010 14.2 1.1 DBXT Nifty 10US$ ***** 11.6 0.1 MOIL 155
      113 words
    • Article
      Lock icon FALLS
      125 8 BY CENTS CLOSE DOWN GLD 10US$ *****-274.1 -1.3 OCBC Bk 5.1%NCPS 100 *****-210.0 -2.0 DBXT DBLCI-OY 5US$ 3847-194.3 -3.8 DBXT E50 10US$ 3519-113.2 -2.4 DBXT MSEurope 10US$ 4043 -99.1 -1.9 DBXT MSKorea 10US$ 5440 -97.8 -1.4 DBXT DBCBLEB 10US$ 2059 -54.1 -2.0 DBXT SPASX200 10US$ 3267 -52.8 -1.2 DBXT
      125 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      190 9 DISTINCT HALLMARKS OF EXCELLENCE v kSLC, mm i: 11. (i r L \U 'I <1 SINGAPORE TATLER'S BEST OF SINGAPORE (LUXURY CAR CATEGORY) AWARD FOR THE THREE CONSECUTIVE YEARS OF 2009, 2010 AND 2011. Many unmistakable characteristics define a Bentley handcrafted luxury, distinctive design, breathtaking power, and above all, that
      190 words
    • Advertisement
      Lock icon Page 9 Advertisements Column 2
      32 9 ill "I JERRY LUM Snr Marketing Director, MBA, CES CEA Licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg ERA Estate Agent Licence No L*****82K When You Buy, Sell, or Rent
      32 words
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Lock icon Page 10 Advertisements Column 1
      793 10 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. ALBEDO LIMITED (Company Registration Number *****5118M) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM”) of
      793 words
    • Advertisement
      Lock icon Page 10 Advertisements Column 2
      756 10 >s£ B6ATS NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF TPT MULTI-FLEX CIRCUITS PTE LTD (PROVISIONAL LIQUIDATORS APPOINTED) Company Registration No. *****0106G NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATORS PURSUANT TO SECTION 291(4) OF THE COMPANIES ACT, CAP. 50 Notice is hereby given that
      756 words
    • Advertisement
      Lock icon Page 10 Advertisements Column 3
      145 10 FUNDAMENTAL Fundamental information to give you the edge STANDARD Necessary tools for the serious investor EXTRA Extra information for that extra insight STATION Premium real-time market quotes, news charting application Real -time Dynamic TA Charts TA Market Scanner Use our comprehensive set of market data tools to make informed investing
      145 words
Page thumbnail Page 11
  • SINGAPORE NEWS
    • Article
      Lock icon Tripartism now even more important than before: PM
      507 11  -  Govt faces tougher decisions and tradeoffs, he tells NTUC delegates By CHUANG PECK MING AS the Singapore economy navigates choppier global waters with less predictable turns, the need for government, employers and workers to close ranks to keep the economy going is
      507 words
    • Article
      Lock icon Former SBF chief joins Vector Scorecard
      335 11 INTEGRATED solutions group Vector Scorecard has caught the eye of ex-Singapore Business Federation (SBF) chief executive Teng Theng Dar, who has joined the company as the chairman of its investments and international business advisory panel. The role will see Mr Teng oversee matters in
      335 words
    • Article, Illustration
      Lock icon UOL, SingLand sell over 100 units at Archipelago condo preview
      372 11 UOL Group and Singapore Land are said to have sold slightly over 100 units at their Archipelago condo as of 6 pm yesterday. This is out of the 190 units in the 577-unit development released at a preview that began
      372 words
    • Article
      Lock icon New Citi centre to showcase banking services, capabilities
      434 11  -  By CONRAD TAN CITIGROUP has launched a new centre at Changi Business Park to showcase its transaction banking services and capabilities to its biggest corporate clients across Asia-Pacific. The purpose-built “innovation lab” equipped with interactive technology is aimed at making it easier
      434 words
    • Article
      Lock icon Alexandra site draws top bid of $396m
      528 11  -  By MINDY TAN A 99-year residential parcel at Alexandra Road yesterday fetched a top bid of $396 million, or approximately $750 per square foot (psf) per plot ratio (ppr). The top bid, which was put up by a consortium comprising City Developments’ unit
      528 words
    • Article
      Lock icon Amendments proposed to Legal Profession Act
      392 11  -  Law Ministry seeks public feedback on changes to Bill By GRACE LEONG IN an effort to enhance Singapore’s status as a banking and financial hub, the Ministry of Law is proposing amendments to the Legal Profession Act aimed at increasing access to foreign legal
      392 words
    • Article, Illustration
      Lock icon ChildAid Concert to run for 3 nights from tomorrow
      380 11 IN the spirit of the event, 130 children will be performing to help other less privileged children during the upcoming ChildAid Concert. This time, they’ll be singing and dancing their hearts out not just for two nights, but for three, from
      FILE PHOTO  -  380 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon URA awards hotel site tender to CEL
        66 11 THE Urban Redevelopment Authority (URA) has awarded the tender for the hotel site at Jalan Bukit Merah/Alexandra Road to CEL Development Pte Ltd, which put in the top bid of $189 million. The land parcel, which is zoned for hotel development and has
        66 words
      • Article
        Lock icon Top China university to set up centre here
        43 11 SHANGHAI Jiao Tong University, one of China’s top universities, has been given the go-ahead to set up a research centre in Singapore, in collaboration with NUS. The centre will work on energy and environmental sustainability.
        43 words
Page thumbnail Page 12
  • ECONOMY WATCH
    • Article
      Lock icon Eurozone may be shrinking faster than thought: survey
      694 12 China growth also cooling, but analysts not yet forecasting global recession Reuters [LONDON] Europe’s debt crisis might have pushed its economy into a steeper contraction than earlier thought and growth in China is cooling, according to surveys on Monday that pointed to
      Reuters  -  694 words
    • Article, Illustration
      Lock icon Australia cuts rates for second straight month
      555 12 AFP [SYDNEY] Australians were handed an early Christmas present yesterday when the central bank cut interest rates for the second month in a row, but it warned that the slowing global economy continued to pose risks. Despite expectations of strong domestic growth in
      AFP  -  555 words
    • Article
      Lock icon Many done with X’mas shopping: poll
      446 12 Reuters [WASHINGTON] More than a third of US shoppers are already done with most of their holiday shopping, according to a survey, signalling that retailers need to offer bigger incentives to win sales in the few weeks before Christmas. The findings underscore the fragility
      Reuters  -  446 words
    • Article
      Lock icon Markets may be too bearish on PIIGS
      354 12  -  Bloc’s falling current account deficits ignored: Nikko By KENNETH LIM [SINGAPORE] Markets have ignored the shrinking current account deficits in Europe’s embattled peripheral economies, suggesting over-pessimism about the continent, said Nikko Asset Management Asia. “One doesn’t hear much good news coming out of
      354 words
    • Article
      Lock icon Seoul warns of prolonged spell of slower growth
      615 12 Reuters [SEOUL] South Korea’s finance minister warned yesterday that the country must prepare for a prolonged period of slower growth as global weakness undermines activity in one of Asia’s most export-orient-ed economies. The comments by Finance Minister Bahk Jae-wan came after data
      Reuters  -  615 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      56 12 Sets appeal Mentawais' seismic s Nepal's suramit-to-sea adventurer Race review from Wulong MMITTING LVEREST IOM TIBET Asia's best outdoors magazine Now with a great new look! Get the latest copy today! Ask your local bookshop or make sure of your copy by subscribing today Go to www.actionasia.com or email sub@bluincmedia.com
      56 words
Page thumbnail Page 13
  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon AirAsia, MAHB spar over terminal costs
      665 13  -  Their war of words intensifies with release of letters backing their claims By PAULINE NG in Kuala Lumpur MALAYSIA’S KLIA2 might be the largest and coziest purpose-built low-cost carrier terminal (LCCT) when operational in 2013, but its ballooning costs and the completion delays have
      BLOOMBERG  -  665 words
    • Article
      Lock icon M’sian capital market may stay robust next year
      283 13 Reuters [KUALA LUMPUR] Malaysia’s capital market will stay healthy next year despite the global downturn, led by consolidation in the energy and property sectors and fund-raising by banks to meet heftier capital requirements, JP Morgan’s local investment banking head said. Analysts expect
      Reuters  -  283 words
    • Article
      Lock icon RIM officials in the soup over Jakarta mall stampede
      367 13 AFP [JAKARTA] Indonesian police named Research In Motion’s (RIM) country director a suspect for negligence on Monday after a BlackBerry promotion turned chaotic and left dozens injured and others knocked unconscious. Andrew Cobham, president director for RIM in Indonesia, and British
      AFP  -  367 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      55 13 I 1 J^u^nctv <2) om A L" The Power of Creation domperignon.com <* I u J a i n a i ,f j i',. m a* ;o I 1 •> i III >a E 'J* 11 ,i t 'I* »y i > I J V HI II tf i as
      55 words
Page thumbnail Page 14
  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon European debt crisis adds to strains on China’s economy
      760 14 A euro break-up would prompt Beijing to slow yuan appreciation AP [HONG KONG] Europe’s festering debt crisis is adding to strains on China just as the country is pricking its property bubble and facing a manufacturing downturn, limiting the ability of
      AP; AFP  -  760 words
    • Article, Illustration
      Lock icon India denies plan to impose capital controls
      489 14 Reuters [NEW DELHI] India is not planning to impose any capital controls to check the rupee’s slide, a senior government source with direct knowledge of the matter told Reuters. Over the weekend, Subir Gokarn, a deputy governor at the Reserve Bank of India,
      Reuters; AFP  -  489 words
    • Article
      Lock icon Nomura cuts China’s 2012 growth estimate to 7.9%
      532 14 Lower growth may prompt the central bank to reduce rates Bloomberg [BEIJING] Nomura Holdings Inc cut its estimate for China’s economic growth next year to 7.9 per cent from 8.6 per cent as investment in private housing slows and external demand weakens.
      Bloomberg  -  532 words
    • Article
      Lock icon Bonanza of mainland IPOs expected in HK
      581 14 About 10-20 listings likely to be wrapped up by Dec 31 Bloomberg [HONG KONG] As many as 20 Chinese companies plan initial public offerings (IPOs) here by year-end and more non-state businesses are preparing to follow government-owned peers to seek listings, an executive
      Bloomberg  -  581 words
    • Article
      Lock icon HK Science Park expands to draw ‘green’ China firms
      332 14 Reuters [HONG KONG] Hong Kong Science Technology Parks, which caters mostly to local technology start-ups and global companies, expects to attract an increasing number of companies from mainland China with global ambitions with its HK$5 billion (S$824.65 million) green technology hub
      Reuters  -  332 words
    • Article
      Lock icon China Steel, Vale agree on iron ore price cut
      217 14 Reuters [SINGAPORE] Taiwan’s China Steel has agreed a 23 per cent cut in iron ore prices for October-December versus June-August with Brazilian miner Vale, a source with direct knowledge of the deal said yesterday. The steep price cut follows a 31
      Reuters  -  217 words
Page thumbnail Page 15
  • WORLD
    • Article, Illustration
      Lock icon Dubai faces refinancing risks, says Moody’s
      438 15 US$10b of debt due to mature next year of which 3 firms account for US$3.8b Moody’s. Reuters, Bloomberg Reuters, [DUBAI] Dubai, which has restructured US$41 billion of debt related to its flagship conglomerate and has about US$10 billion due next year, faces refinancing risks
      Moody’s. – Reuters, Bloomberg; – Reuters,; BLOOMBERG  -  438 words
    • Article
      Lock icon Thai rice exports may fall by half in 2012
      374 15 Reuters [BANGKOK] Thai rice exports in 2012 may fall by half from this year to around five million tonnes as its prices are too high compared with those of rivals Vietnam and India, exporters said yesterday. The drop could topple it
      Reuters  -  374 words
    • Article
      Lock icon Solar companies may be forced into mergers with rivals
      368 15 Reuters [NEW YORK] Struggling solar manufacturers will likely be driven into mergers with rivals to survive a sector squeeze, a trend that could draw major Asian conglomerates deeper into the renewable energy sector. Solar makers have seen their profit margins nearly
      Reuters  -  368 words
    • Article, Illustration
      Lock icon US Postal Service cuts to hit first-class mail delivery
      557 16 28,000 to lose jobs, processing centres to be halved in bid to avert bankruptcy AP [WASHINGTON] Already mocked by some as “snail mail,” first-class US mail will slow even more by next spring under plans by the cash-strapped US Postal Service
      AP; AFP  -  557 words
    • Article
      Lock icon More ‘mancession’ fathers caring for kids in US
      391 16 Bloomberg [NEW YORK] One-third of fathers with working wives are now the regular caregivers for their children, the result of the depressed economy and large numbers of out-of-work men, the US Census Bureau reported on Monday. The number of such dads caring
      Bloomberg  -  391 words
    • Article, Illustration
      Lock icon Putin no longer the darling: commentator
      497 16 Reuters [MOSCOW] Vladimir Putin has ceased to be the “darling” of a Russian people afflicted by a sense of aimlessness and alarmed by a state apparatus offering little protection from arbitrary abuse, a veteran Russian commentator said on Monday. Vladimir Pozner, a television compere
      Reuters  -  497 words
    • Article
      Lock icon Deutsche faces huge claims over failed forex deals
      535 16 Bloomberg [LONDON] Deutsche Bank AG faces a claim that may be worth billions of dollars in a lawsuit with investment fund Sebastian Holdings Inc over failed foreign exchange transactions. Sebastian said in court papers filed in London that Germany’s largest bank allowed
      Bloomberg  -  535 words
    • Article
      Lock icon Christmas-tree spending grows a little taller
      484 16 Bloomberg [CHICAGO] Spending on Christmas trees in the US will rise 3.1 per cent this year to US$3.4 billion, the highest since before the recession in 2008, as demand and prices increase, researcher IBISWorld said. Americans will spend about US$800 million for 25 million
      Bloomberg  -  484 words
    • Article, Illustration
      Lock icon Investigators name names in Olympus cover-up
      620 17  -  Panel also cites governance lapses and touches on stance of auditors By ANTHONY in ANTHONY ROWLEY in Tokyo A THIRD-PARTY panel headed by a former high court judge reported yesterday that beleaguered Japanese giant Olympus had used an accounting cov-er-up to conceal US$1.67 billion
      REUTERS  -  620 words
    • Article
      Lock icon Hospices now a healthy business
      636 17 Buyouts, and some unhealthy practices, help fuel US boom Bloomberg [SAN FRANCISCO] Hospice care, once chiefly a charitable cause, has become a growth industry, with US$14 billion in revenues, 1,800 for-profit providers and a base of Medicare-cov-ered patients that doubled to 1.1 million from 2000
      Bloomberg  -  636 words
    • Article
      Lock icon London Olympic organisers warned about cost overruns
      505 17 AP [LONDON] Britain’s spending watchdog warned London Olympic organisers yesterday that they run a risk of exceeding their £9.3 billion (S$18.7 billion) budget for hosting the event and have little room for unforeseen costs. The National Audit Office report concluded that while the
      AP  -  505 words
    • Article, Illustration
      Lock icon US mortgage clean-up cost put at US$100b
      547 17 Reuters [NEW YORK] Vincent Fiorillo, a prominent mortgage investor, on Monday put at least a US$100 billion price tag on cleaning up America’s mortgage crisis. That figure is four times the US$25 billion that has been widely bandied about in ongoing settlement talks
      Reuters; REUTERS  -  547 words
    • Article, Illustration
      Lock icon Safe haven bonds fall victim to euro crisis
      753 19 Austrian, Dutch and Finnish bond spreads soar despite strong growth rates Bloomberg [LONDON] Bonds from AAA rated Austria, the Netherlands and Finland are suffering as Europe’s debt crisis increases volatility and erodes their haven status. Sixty-day volatility on 10-year government debt from
      Bloomberg; AP  -  753 words
    • Article
      Lock icon S’pore now sixth most expensive city in Asia
      412 19  -  By DOLLY CHIA SINGAPORE has risen two positions from the previous year to become the sixth most expensive location in Asia after four Japanese cities and Seoul. The Lion City has also moved up 11 places from last year to the 31st
      412 words
    • Article
      Lock icon Europe banks to raise more cash
      330 19 Bloomberg [LONDON] Less than five months after conducting stress tests that found banks needed to raise 2.5 billion euros (S$4.3 billion), the European Banking Authority (EBA) may tell lenders that they need 40 times that amount to defend against losses on sovereign debt. The
      Bloomberg  -  330 words
    • Article
      Lock icon Ireland set to raise taxes after slashing spending
      338 19 AFP [DUBLIN] Ireland faced new tough budget action yesterday, with Finance Minister Michael Noonan set to announce tax increa-mas2011LueChi ses to raise 1.6 billion euros (S$2.76 billion) for the rescued eurozone member. The first part of Dublin’sas2011LuxeChr 2012 austerity plans, comprising 2.2
      AFP  -  338 words
    • Article
      Lock icon Eurobashing comes with risks in US
      641 19 US public views may be diverging from national interest AFP [WASHINGTON] With Europe’s finances in tatters and the continent battling recession, eurobashing is resurgent in the US, leading some to warn US public opinion is diverging dangerously from the national interest. The Greeks, according
      AFP  -  641 words
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      245 15 s Experience the True Magic of Christmas This Christmas, embark on an epicurean journey at Fairmont Singapore and Swissotel The Stamford where there are 16 great places to wine, dine and be merry. From exquisite selection of specially-crafted lunch and dinner menus, palate-pleasing buffet spreads to spectacular views to convivial
      245 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      30 16 Over 1 20,000 downloads! I91.3FMI linriHimnl SB® L S>l»w«/"TWs... I913FMI V Get your free iPhone/iPad app now! *asof 17th Oct 2011 91.3FM TGDJY'S BEST MUSIC Available on the App Store
      30 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 2
      11 16 Heightened risk awareness paysoff CAOmanages tocutlosses beforeMFGlobal's collapse 明中 Tosubscribe,call6388-3838orgotosphsubscription.com.sg
      11 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      345 17 Luxe Christmas 2011 Luxe Christmas 2011 Luxe Christmas 2011 Luxe Christmas 2011 Luxe Christmas 20 mas 2011 Luxe Christmas 2011 Luxe Christmas 2011 Luxe Christmas 2011 Luxe Ch Christmas 2011 Luxe Christmas 2011 Luxe Christmas 2011 Luxe Christmas 2011 Lu stmas 2011 Luxe Christmas 2011 Luxe Christmas 2011 Luxe Christmas
      345 words
Page thumbnail Page 18
  • FOCUS: CYBERSECURITY
    • Article, Illustration
      Lock icon Korea’s never-ending battle
      1164 18 A series of high-profile attacks this year have highlighted vulnerabilities in South Korea’s cherished communications infrastructure Reuters [SEOUL] ON a single, dimly lit floor in the towering central Seoul headquarters of Korea’s National Police Agency, dozens of hard drives and mobile phones sit on shelves awaiting dissection.
      Reuters; REUTERS  -  1,164 words
    • Article, Illustration
      Lock icon US domestic power lines face cyber threat: MIT study
      595 18 About US$3.7b is needed to protect grid from attacks Bloomberg [WASHINGTON] The US needs standards to guard against cyber attacks on power lines that run to homes and businesses, according to a Massachusetts Institute of Technology (MIT) report. Federal standards to
      Bloomberg; BLOOMBERG  -  595 words
    • Article
      Lock icon Bill envisions clearing house for threat data
      504 18 Bloomberg [WASHINGTON] A draft bill in the US House would create an organisation to share cybersecurity data between the government and companies, a move privacy advocates say must include safeguards to protect personal information. The so-called National Information Sharing Organization would be overseen
      Bloomberg  -  504 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      340 19 Luxe Christmas 2011 Luxe Christmas 2011 Luxe Christmas 2011 Luxe Christmas 2011 Luxe Christmas 20 mas 2011 Luxe Christmas 2011 Luxe Christmas 2011 Luxe Christmas 2011 Luxe Ch Christmas 2011 Luxe Christmas 2011 Luxe Christmas 2011 Luxe Christmas 2011 Lu stmas 2011 Luxe Christmas 2011 Luxe Christmas 2011 Luxe Christmas
      340 words
Page thumbnail Page 20
  • EDITORIAL & OPINION
    • Article
      Lock icon The eurozone’s moment of truth
      486 20 EDITORIAL ON Dec 9, the eurozone faces economic D-Day what some observers consider will be its make-or-break moment. The occasion will be the EU leaders’ summit in Brussels. There will be revealed a plan for action a workable strategy to steer the eurozone out of
      486 words
    • Article, Illustration
      Lock icon Myanmar treads pragmatic line with China
      765 20  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 LAST May, to mark its 100th birthday, the University of Hong Kong held a centenary dialogue via a video link with Myanmar’s opposition leader Aung
      765 words
    • Article, Illustration
      Lock icon Putting the Tobin tax in its place
      1081 20  -  A financial transactions tax may not be the best solution to reduce market volatility By RAMAN UPPAL The writer is professor of finance at EDHEC Business School, a member of EDHEC-Risk Institute, and a director of the American Finance Association IN its budget
      REUTERS  -  1,081 words
    • Article, Illustration
      Lock icon ‘Disziplin’ is a hard word for eurozone
      882 21  -  By HUGO YOUNG REUTERS BREAKINGVIEWS THE eurozone will probably get another short-term fix at its summit this week. Exactly how the fix will work isn’t clear. But both Germany and the European Central Bank (ECB) have softened their positions so much that some
      REUTERS  -  882 words
    • Article, Illustration
      Lock icon Marathon man up against the short-distance runner
      1127 21  -  The US Republican contest for presidential nominee seems to be boiling down to a race between Romney and Gingrich LEON HADAR Washington Correspondent IT does seem that we may be arriving at the end of the Amateur Hour(s) of the Republican Party’s presidential
      AP  -  1,127 words
Page thumbnail Page 21
Page thumbnail Page 22
  • TransportHUB
    • Article, Illustration
      Lock icon End of the Mitropoulos era at IMO
      773 22  -  He leaves behind a hard act to follow for successor Sekimizu STRAIT TALK By DAVID HUGHES ABOUT eight years ago, this column made some critical comments about a meeting between the European transport commissioner, the late Loyola de Palacio, and the then recently
      773 words
    • Article
      Lock icon Four firms form tanker group amid low rates
      247 22 Reuters [SINGAPORE] Denmark’s A P Moller-Maersk, Japan’s Mitsui O S K Lines and two other shipping companies are combining their supertanker fleets to better compete in a difficult freight market, the group said yesterday. The four firms, which also include Singapore-based shipping
      Reuters  -  247 words
    • Article, Illustration
      Lock icon Lay-ups vital for tanker sector recovery
      607 22 Reuters [LONDON] Crude tanker owners will have to lay up their vessels to ensure any chance of recovery in the sector in the coming months as the pace of vessel deliveries hitting the water continues to overwhelm the market, analysts said on Monday. Despite
      Reuters; BLOOMBERG  -  607 words
    • Article
      Lock icon Giant ore carrier springs leak, could sink in Brazil port
      788 22 Reuters [RIO DE JANEIRO] The world’s largest iron-ore vessel is disabled and could sink in a port where Brazil’s Vale, the world top producer, loads about 10 per cent of global supplies of the commodity, shipping agents and the ship’s
      Reuters  -  788 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 22 SGX '000 Dec 6 S$ +/-Vol CH Offshore 0.38 -0.02 39 Chuan Hup Hldg 0.20 unch 25 Cosco Corp 0.91 -0.02 2641 CWT Ltd 1.02 0.01 489 Ezra Hldgs 0.91 -0.03 3002 First Ship Lea 0.29 -0.01 2776 Freight Links 0.06 unch 530 Grand Banks unch unch 0
      278 words
    • TRANSPORT HUB: AVIATION
      • Article, Illustration
        Lock icon Airbus stretches lead over Boeing with record orders
        360 23 Carriers place 1,378 jet orders for first 11 months, against 518 for Boeing planes Bloomberg [PARIS] Airbus SAS, the world’s biggest planemaker, extended its lead over US rival Boeing, with 11-month orders already topping its annual record following the introduction of the
        Bloomberg; AFP  -  360 words
      • Article, Illustration
        Lock icon Tweak taxes to raise clean fuel use: Branson
        551 23 Bloomberg [LONDON] Governments need to make it “very clear” that jet fuel made from sources such as inedible plants and organic waste aren’t taxed like regular fuel, said Richard Branson, founder of Virgin Atlantic Airways Ltd. A push by governments to remove
        Bloomberg  -  551 words
      • Article, Illustration
        Lock icon Beijing cancels more flights
        257 23 Bloomberg [BEIJING] Beijing Capital International Airport cancelled more than 70 flights yesterday because of snowfall in the Chinese capital, after fog and poor visibility grounded more than 200 services on Monday. The airport scrapped 75 flights as of 11am, according to its website. The National Meteorological
        Bloomberg; AP  -  257 words
      • Article
        Lock icon Cathay Pacific expects busy holiday season
        295 23 Bloomberg [HONG KONG] Cathay Pacific Airways Ltd, Asia’s largest international carrier, expects a “very busy” Christmas travel season that will help offset a continued cargo slowdown. “The Christmas season is looking quite ok,” chief executive officer John Slosar said in a Bloomberg TV interview
        Bloomberg  -  295 words
      • Article
        Lock icon Air France banks on regional low-cost hubs
        568 23 AFP [TOULOUSE] Air France, which is restructuring a large part of its operations around regional flights in France and the Mediterranean basin, intends to break even on them by the end of 2013, the airline said on Monday. Air France intends to compete
        AFP  -  568 words
    • TRANSPORT HUB: LAND
      • Article, Illustration
        Lock icon Disciplined pricing boosts motor insurers’ profit
        577 24  -  GIA: insurers likely to adjust premiums downwards due to keen competition By SAMUEL EE [SINGAPORE] Disciplined pricing, among other factors, has helped Singapore’s motor insurers to post a big jump in underwriting profit for the third quarter of 2011. Profit for the motor insurance
        577 words
      • Article, Illustration
        Lock icon New Prius seen having edge over other hybrids
        865 24 Bloomberg [TOKYO] Toyota Motor Corp’s new plug-in Prius threatens to cast a shadow over competitors’ hybrids. A successful debut of the Prius PHV, which Toyota will begin selling next year, may help Toyota secure its place as the industry leader in petrol-and-electric
        Bloomberg; AP  -  865 words
      • Article, Illustration
        Lock icon GM moves ahead of the pack in China
        779 24 Deliveries to Chinese dealers in Nov were up 20% from 2010 Bloomberg [SHANGHAI] General Motors Co (GM) reported China sales in November rose at the fastest pace in 10 months, led by deliveries of Wuling light trucks and Buick Excelle sedans. Deliveries
        Bloomberg; AFP  -  779 words
      • Article
        Lock icon Honda expects new models to boost US sales
        629 24 Bloomberg [LAS VEGAS] Honda Motor Co says replenished vehicle inventory and new Honda and Acura models planned for the next 24 months will spur a US sales rebound next year after natural disasters dashed its 2011 goals. Honda’s loss of some North
        Bloomberg  -  629 words
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      277 22 The Nippon Foundation CARDIFF UNIVERSITY PRIFYSGOL CA e RDY[§> Seafarers International Research Centre (SIRC) Nippon Foundation PhD Fellowships The Seafarers International Research Centre at Cardiff University, with support from The Nippon Foundation, would like to invite applications for a number of fouryear scholarships offering exciting opportunities to study for PhD
      277 words
Page thumbnail Page 23
  • Page 23 Miscellaneous
    • Miscellaneous
      Lock icon Page 23 Miscellaneous Column 1
      287 23 CRYPTIC CROSSWORD Across 1 Chippendale perhaps giving an embrace with kit off! (12) 9 Take on underground cell, say, following swindles (9) 10 Sound massages from misses (5) 11 Recovery showing pluck (6) 12 Flood furious about tackle (8) 13 Detecting heartless love (6) 15 One preaching’s spoken in drizzle
      287 words
Page thumbnail Page 24
Page thumbnail Page 25
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      7848 25 Transaction date: Dec 6 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 11.6 8Telecom 15.5 10.5 14.5 7.8 3.9 3.2 74.2 9.5 4.1 A-Sonic 4.5 4.5 2.9 1.7 32.2 65 48.5
      7,848 words
    • Article
      Lock icon SGX CATALIST
      1593 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 12.1 t 800 Super 12.9 +0.8 75 12.9 12.9 12.8 13 4.7 4.3 5 23.1 5.5 2.5 t AA Grp 3.3 2.7 3.2
      1,593 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9942 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.16/ APS Alpha Fund (USD)!** 0.91/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.59/ Aberdeen Asset Mgt Asia Limited American Opp 0.6224/ Asian Credit Fund
      9,942 words
    • Article
      Lock icon GLOBALQUOTE
      244 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 55.5 34 AVJennings A34 36 42.5 3.6 10.3 2.7 88.5 49 25.5 Genting HK US$ US28.5 unch 2088 28.5 28 28 28.5 1876.6 15 10 OGL Resources
      244 words
    • Article
      Lock icon SGX ETF
      933 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 116.6 -0.4 33 118 116.6 116.1 116.9 532.3 1261 856 CIMBAsean40 100US$ US974 964 969 39 ***** ***** DBXT AUD
      933 words
Page thumbnail Page 26
Page thumbnail Page 27
  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Dec 5 Index Change Change Change Change Change Change World Preliminary 839.2 1.2 -6.5 0.9 -6.2 1.3 -6.0 EAFE Preliminary 693.4 0.7 -13.4 0.6 -12.4 1.0 -12.2 Europe Preliminary 1031.0 0.8 -11.8
      373 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 27 CRUDE OIL PRODUCTS Dec 5 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.91 1.46 WTI (Near Mth) 100.64 -0.53 Dubai (1-Mth F) 107.66 1.21 Tapis blend 117.62 0.79 Minas 115.02 0.79 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 98.33 1.14 Jet Kerosene 126.10 0.80 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon CHICAGO BOT
      107 27 Dec 5 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 12 1126.25 1135.75 1148.50 1122.00 Mar 12 1136.50 1146.25 1158.75 1132.50 May 12 1147.00 1156.25 1168.50 1143.00 Jul 12 1156.75 1166.25 1178.25 1152.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 11 50.07
      107 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      75 27 Dec 6 Dec 6 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 08.03.2012 0.34 1-Year BY*****W 01.11.2012 0.32 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.10 5-Year N*****0W 1.125 01.04.2016 102.20 10-Year NX*****X
      75 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      445 27 Dec 6 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.4500 0 3373 Mar12 99.3900 0 3230 Jun12 99.3500 0 1003 Sep12 99.3250 0 453 EUROYEN TIBOR FUTURES Dec11 99.6725 0 4632 Mar12 99.6600 0 1937 Jun12 99.6625 0 1440 Sep12 99.6600 0 711 Dec12 99.6650
      445 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      128 27 As on 5 December 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METALS GOLD FUT FEB2012 1,752.70 1,735.10 1,734.40 82 SILVER FUT MAR2012 32.840 32.500 32.365 31 CURRENCY AUD-USD FUT DEC2011 1.0280 1.0186 1.0277 1933 EUR-USD FUT DEC2011 1.3485 1.3398 1.3450 6249 GBP-USD FUT
      128 words
    • Article
      Lock icon SGX FUTURES
      165 27 Dec 6 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jan 12 346.9 300 Feb 12 344.8 344.8 349.6 20 223 Mar 12 354.6 297 Apr 12 361.4 144 May 12 358.0 358.0 365.1 6 253 Jun 12
      165 words
    • Article
      Lock icon LONDON METALS
      71 27 Dec 5 Dec 5 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2128.50 2125.50 3 months 2130.00 unch Copper, Grade A (US$/tonne) Cash 7914.50 7862.75 3 months 7940.00 7890.00 Lead (US$/tonne) Cash 2100.25 2090.25 3 months 2120.00 2110.00 Nickel (US$/tonne) Cash *****.50 *****.25 3 months *****.00 *****.00 Tin (US$/tonne)
      71 words
    • Article
      Lock icon LIFFE
      82 27 Dec 5 COCOA (£/tonne) Close Prev High/Low Dec 11 1380 1402 1398/1379 Mar 12 1420 1435 1432/1414 May 12 1437 1452 1448/1431 Jul 12 1454 1468 1470/1449 COFFEE (US$/tonne) Close Prev High/Low Jan 12 2006 1955 2008/1973 Mar 12 2040 1989 2042/2010 May 12 2065 2017 2067/2036 Jul 12
      82 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2008 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 55 49.00 29 ASJ Hldgs W*****1 0.1 1 4 21 34.00 2 AlliedTech W*****2 1.7 1 4 23 Aztech Grp W*****3 0.2 1 20 124
      2,008 words
    • Article
      Lock icon INTERBANK CROSS RATES
      464 27 Dec 6 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.038 6.481 0.763 7.916 52.345 92.524 0.791 11.526 3.195 1.314 91.074 44.264 1.311 8.245 0.943 30.765 31.430 0.653 1.018 Canada 0.964 6.244
      464 words
    • Article
      Lock icon SIBOR
      82 27 Dec 6 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      82 words
    • Article
      Lock icon PRECIOUS METALS
      140 27 Dec 6 GOLD (US$/oz) Dec 06 Dec 05 Hong Kong 1724.50 1749.00 Dec 05 Dec 02 London 1739.60 1746.30 1740.35 1747.33 Source: Thomson Reuters Source: Reuters CAST BAR Dec 06 (S$) Selling Buying Kilobar 76,395.86 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 171 71 5gm 486 356
      140 words
    • Article
      Lock icon PALM OIL
      57 27 Dec 6 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 11 3079 3052 3079 3075 25 1638 Jan 12 3100 3083 3108 3081 2250 ***** Feb 12 3100 3085 3112 3085 ***** ***** Mar 12 3103 3089
      57 words
    • Article
      Lock icon STOCK INDEX FUTURES
      24 27 Dec 6 Open High Sett STI Dec 2741 SIMSCI Dec 315.8 318.5 312.5 Taiwan Dec 254.7 257.0 250.4 Source: SGX Derivatives
      24 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Dec 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3099 1.3115 1.0179 1.0184 Canadian dollar 1.2622 1.2637 0.9808 0.9813 Euro 1.7171 1.7184 1.3343 1.3344 NZ dollar 0.9971 0.9983 0.7748 0.7752 Sterling pound 2.0077 2.0094 1.5601 1.5603
      154 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Dec 6 S$ Bid Offer 1-month 1.2869 1.2878 2-months 1.2868 1.2877 3-months 1.2865 1.2875 6-months 1.2848 1.2860 Source: OCBC
      22 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Dec 06 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.347 1.283 Can dollar 1.285 1.236 Euro 1.751 1.684 Sterling pound 2.044 1.966 NZ dollar 1.027 0.979 US dollar 1.303 1.253 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      161 27 Dec 6 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 3/16 2-months 5/16 3/16 3-months 5/16 3/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.30 0.20 1 month 0.50 0.30 2 months 0.55 0.35 3 months 0.65 0.45 6 months 0.90 0.70 9 months 1.10 0.90 12
      161 words
Page thumbnail Page 28
  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    4778 28 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination
    4,778 words
  • Page 28 Advertisements
    • Advertisement
      Lock icon Page 28 Advertisements Column 1
      26 28 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? To All Shipping Advertisers: Please call Joe Wong at 9620 1327
      26 words
Page thumbnail Page 29
  • Page 29 Advertisements
    • Advertisement
      Lock icon Page 29 Advertisements Column 1
      134 29 Shipping lines seeking reliable logistics partners Can they find your services here in the Shipping Times? R rgently n cl d by srai|3|3 rs Clan th< >\/ -Fintf-1 THE BUSINESS TIMES SHIPPING TIMES W /A fe Certificati s Come publicise your Award Wins Certifications, Ship Christenings Delivery of Newbuilds, Project
      134 words
Page thumbnail Page 30
  • Page 30 Advertisements
    • Advertisement
      Lock icon Page 30 Advertisements Column 1
      194 30 eREWARDS We can make a great day of trading even sweeter. Enjoy guaranteed rewards in an unpredictable market. What better way to end your day of successful trading than with a neck pillow? Trade with CIMB Securities and earn instant eRewards points, awarded at one point for every S$1 of
      194 words
  • executive Money
    • Article, Illustration
      Lock icon Stay invested and don’t run away from stocks
      601 30  -  Europe will find a way out, so ignore day to day volatility, says Barclays Wealth By GENEVIEVE CUA MARKET volatility is distressing for investors, but Barclays Wealth chief investment officer Aaron Gurwitz is telling clients to stay engaged and invested in equities.
      601 words
    • Article, Illustration
      Lock icon Equities getting cheap in a sea of troubles
      1031 30  -  It pays to go for quality companies and tilt to safety where possible TEH HOOI LING Senior Correspondent THE world is in a terrifying situation but investors should still have a near normal weight in global equities, said one of Wall Street’s
      Source: Global Financial Data, GMO Actual data as of Sept 30 ‘11  -  1,031 words
    • Article
      Lock icon Stale pricing a possible cause of underperforming mutual funds
      866 30  -  By QIAN MEIJUN The writer is an assistant professor in finance, NUS Business School. She specialises in asset management, financial system in China and governance of financial institutions. This commentary is based on an article published in the Journal of Financial
      866 words
    • Article, Illustration
      Lock icon The case for S’pore govt bonds
      1211 32  -  Although an encore performance is unlikely in 2012, the asset remains resilient and attractive, analysts tell KENNETH LIM KENNETH LIM SINGAPORE government bonds are unlikely to repeat the strong performance of 2011, but they remain attractive amid global uncertainties, analysts said. Singapore government securities
      Source: Bloomberg  -  1,211 words
Page thumbnail Page 31
  • Page 31 Advertisements
    • Advertisement
      Lock icon Page 31 Advertisements Column 1
      173 31 WORKING TOWARDS ONE GOAL: YOURS PRIVATE BANKING Your private banker works closely with a team of dedicated industry experts developing appropriate solutions to help you manage your wealth and meet your personal objectives. www.privatebanking .societegenerale.asia Societe Generale Private Banking is a part of Societe Generale, Société Anonyme registered in 29
      173 words
Page thumbnail Page 32
  • Page 32 Advertisements
    • Advertisement
      Lock icon Page 32 Advertisements Column 1
      521 32 Gold! Stocks Bonds I Gold Commodities FX Crosses FX ETCs CFDs i ii i luuiLitri r. Options Bonds <eM»««CFDs Cy vcj, Bonds FX Commodities FX Crosses FX Options Gold FX Stocks ETFs ETCs MnMrfSVFutures FX CFDs Stocks ETFs oWrTC#. 6 0 n d 5 <xxp r I HQ FX stocks
      521 words