The Business Times, 8 December 2011

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Microfilm: NL31729
Total Pages: 32
1 32 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|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Thursday, December 8,
    23 words
  • Article, Illustration
    Lock icon Airlines may plunge into US$8.3b loss: Iata
    728 1  -  Asian carriers face US$1.1b loss next year if the eurozone crisis worsens By VEN SREENIVASAN in Geneva THE global aviation industry is staring at a potential US$8.3 billion loss if the European sovereign debt crisis deteriorates into a full-fledged global banking crisis next
    728 words
  • Article
    Lock icon MARKETS DIGEST
    142 1 GST INDEX 2,782.55 (+33.31) GST INDEX FUTURES 2,774.00 (+33.00) GSIMSCI 316.83 (+2.79) GSIMSCI FUTURES 315.50 (+3.00) FOREX US$ S$ US$ (S$ per US$) 1.282 (US$/S$ per 1.562 2.003 EURO (US$/S$/E) 1.343 1.723 Foreign currency per US$ S$ YEN 77.70 60.60 RM 3.124 2.436 HK$ 7.774 6.062 BAHT 30.79
    142 words
  • Article, Illustration
    Lock icon Developers fear impact of targeted stamp duty
    989 1  -  Extra 10% duty for foreigners set to help cool prices for S’poreans By KALPANA RASHIWALA [SINGAPORE] The government yesterday announced significant steps that could bring private home prices back within the reach of Singaporeans. Developers, however, have called these steps, which are expected
    Sources: Ministry of Finance & Ministry of National Development  -  989 words
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      87 1 RUPIAH Indonesia to redenominate currency PAGE 15 COMPANIES Blackrock launches world’s first Asian high-yield bond index ETF PAGE 8 Luxe Christmas 2011 Cate. Richard. Jay. Philippe. Luca. Tsui. Ferran. Simon. Vivienne. Rupert. Moshe. No, they’re not the names of Santa’s new crop of culturally representative reindeer. Try guessing who they
      87 words
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      97 1 BizIT British Telecom beefs up presence in region PAGE 28 OPINION Keep the IMF out of Europe PAGE 20 You never actually own a Patek Philippe. You merely look after it for the next generation. W; '*V&\ v ?!li PATEK PHILIPPE GENEVE Bcgi"your own tradition. Wffil lust SI* ■'aaa: c
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      403 2 Developers fear impact of stamp duty THE government yesterday announced steps that could bring private home prices back within the reach of Singaporeans. Developers, however, have called these steps, which are expected to hit sales and prices, untimely. Starting today, foreigners buying private homes will have to pay
      403 words
    • Article, Illustration
      Lock icon Taking Stock of Malaysia
      640 2  -  GOOD AS GOLD Tomei Consolidated could be a precious nugget just waiting to be discovered A special series brought to you by Bursa Malaysia and ShareInvestor There is no signage outside the unprepossessing three-storey shop-lot in the industrial area of Sungei Besi in downtown Kuala Lumpur.
      640 words
    • Article
      Lock icon Govt to release smaller supply of residential land in H1 2012
      1013 2  -  Industry players fear it may still be too much, given latest cooling measures By UMA SHANKARI [SINGAPORE] The government will release a slightly smaller supply of residential land in the first half of 2012. But industry players feared that
      1,013 words
    • Article
      Lock icon Luxury developers may be hit most
      589 2  -  By MINDY TAN, MICHELLE TAN [SINGAPORE] Developers of luxury property may be the worst hit by the latest government measures to cool prices, analysts say, although the knock-down impact would likely be felt throughout the market. The government yesterday announced an additional buyer’s stamp
      589 words
    • Article
      Lock icon Endangered Thai Tiger officially extinct: airline
      539 2  -  By KENNETH LIM [SINGAPORE] The proposed low-cost airline formerly known as Thai Tiger is no more. After being stuck in regulatory limbo for more than a year, the planned joint venture between Tiger Airways, flag carrier Thai Airways International and airline investor Declan Ryan’s
      539 words
    • Article
      Lock icon Citigroup to slash 4,500 jobs globally
      500 4  -  Fewer than 40 employees in Singapore could be getting the pink slip By EMILYN YAP [SINGAPORE] Citigroup is axing some 4,500 jobs globally in the next few quarters to cut costs and fewer than 40 employees in Singapore could be getting the pink slip.
      500 words
    • Article, Illustration
      Lock icon India puts supermarket reforms on hold
      649 4 Reuters [NEW DELHI] India suspended plans to open its US$450 billion supermarket sector to foreign firms such as Walmart Stores Inc, backtracking from one of the government’s boldest reforms in years in the face of a huge political backlash. The retreat, within two weeks
      Reuters; AP  -  649 words
    • Article
      Lock icon China growth to ease as export outlook dims
      612 4 High domestic costs, stagnant European, US economies cited Reuters [BEIJING] China’s annual rate of export growth slowed in November versus October, Vice-Commerce Minister Chong Quan said yesterday, confirming market expectations that deteriorating external conditions are dragging on the world’s No 2 economy.
      Reuters  -  612 words
    • Article, Illustration
      Lock icon Under Draghi, ECB is on the verge of major policy shift
      898 4 AP [FRANKFURT] The European Central Bank (ECB) looks ready to shed its image as too timid to save the euro. Under the leadership of its new president, Mario Draghi, in office just over a month, the ECB has signalled
      AP  -  898 words
    • Article
      Lock icon NTUC shifts focus to lifting real wages
      483 6  -  By CHUANG PECK MING [SINGAPORE] The focus has shifted from jobs to wages. Top on the labour movement’s agenda for the next four years is to lift the real wages of all workers, NTUC secretary-general Lim Swee Say said at the opening of
      483 words
    • Article, Illustration
      Lock icon Asia-Pac set to become world’s biggest gaming region: PwC
      704 6  -  By GRACE LEONG [SINGAPORE] The Asia-Pa-cific region, powered by dramatic casino spending in Macau and Singapore, may supplant the US as the world’s biggest gaming region by 2015. According to an annual report released yesterday by PricewaterhouseCoopers (PwC) Singapore, the Asia-Pacific’s
      ARTHUR LEE  -  704 words
    • Article
      Lock icon Japan manufacturing sentiment index plunges
      470 6 Reuters Christmas 2011 Luxe Ch ristmas [TOKYO] Japan’s manufac-masuxe turers turned pessimistic for the first time in sixuxestmas months as Europe’s debt crisis and worsening global growth prospects hurt business sentiment, bodinguxerstm ill for the nation’s economic recovery following the March earthquake. The Reuters Tankanuxersmas
      Reuters  -  470 words
    • Article
      Lock icon S’pore is 4th fastest growing nation brand
      567 6  -  Report shows ongoing shift of global economic centre of gravity from West to East By TEH SHI NING [SINGAPORE] The Republic is the world’s fourth fastest growing nation brand but remains less valuable than Hong Kong, according to Brand Finance’s 2011 report analysing
      567 words
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      70 4 BUYING/SELLING High Value Branded Watches (PENG KWEE) Rolex Cartier Omega Patek Philippe IWC Chopard Vacheron Constantin Richard Mille Roger Dubuis Franck Muller Jaeger-Lecoultre Audemars Piguet Breguet Piaget Panerai #01-46 Peninsula Plaza #01-45 Peninsula Plaza #01-45 The Bencoolen #02-90K People's Park Complex #01-44 People's Park Centre #01-53 Lucky Plaza 26 Smith
      70 words
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      199 5 www.vw.com.sg Free action upgrade. Free Volkswagen mountain bike worth $1,630 Free roof rack worth $600. Free side steps worth $1,850. Free scuff plates worth $300. Buy a Tiguan this festive season and get all of the above absolutely free. el 0? VI r New Tiguan Volkswagen Centre Singapore V si
      199 words
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      260 6 Luxe Christmas 2011 mas 2011 Luxe Christmas 2011 Luxe Christmas 2011 Luxe Christmas 2011 Luxe Ch stmas 2011 Luxe Christmas 2011 Luxe Christmas 2011 Luxe Christmas 2011 Luxe C Chris as 2011 Luxe Christmas 2011 Luxe Christmas 2011 Luxe Christmas 2011 Luxe Chri Christmas 2011 Luxe Christmas 2011 Luxe Christmas
      260 words
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      102 7 See the bigger picture. Trade FX/CFDs with our new iPad app, plus market data, charts and news all in one view, Available on the App Store Search for 'IG Markets for iPad' to get your free app. I(j /VlAlvKETS CFD Trading can result in losses that exceed your initial deposit.
      102 words
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  • COMPANY NEWS
    • Article
      Lock icon Fund managers cut equities and hold cash: survey
      447 8  -  By CONRAD TAN BIG fund managers have drastically cut their exposure to equities in favour of bonds and cash since the third quarter of the year, according to a new survey of the industry. Over 40 per cent of the respondents to
      447 words
    • Article, Illustration
      Lock icon Blackrock launches world’s first Asian high-yield bond index ETF
      462 8  -  The fund is backed by physical assets, holding 60-70 high-yield bonds By JAMIE LEE BLACKROCK has launched the world’s first Asian high-yield bond index ex-change-traded fund (ETF) that will track several such bonds from China, Hong Kong and Indonesia. The ETF,
      462 words
    • Article
      Lock icon LDK taps Shanghai market as its S’pore bonds plunge in half
      771 8 Demand from China banks assured due to govt support Bloomberg LDK Solar Co, the Chinese solar panel maker with bonds trading at half their face value in Singapore, is seeking to refinance by selling debt in Shanghai, where its
      Bloomberg  -  771 words
    • Article
      Lock icon SGX enjoys a big share of regional bonds
      353 8  -  By JAMIE LEE SINGAPORE Exchange (SGX) has secured a dominant share of the regional bond markets, in particular the offshore yuan-denomi-nated bonds market. More than 60 per cent of all listed offshore renminbi (RMB) bonds are with SGX, head of securities Nels
      353 words
    • Article, Illustration
      Lock icon Worker unrest in China shows no sign of abating
      462 9 Reuters [SHANGHAI] Workers at a foreign-owned factory in China were on strike yesterday after a week of industrial disputes in coastal manufacturing hubs, with a wave of unrest showing no sign of abating as they push back against rising economic pressures.
      Reuters; REUTERS  -  462 words
    • Article
      Lock icon Corporate treasurers walking risk-return tightrope: survey
      547 9  -  Delicate balance trying to get best return for minimum or zero risk By KENNETH KENNETH LIM CORPORATE treasurers are walking a delicate line between reducing risk and venturing away from safe havens for better returns, according to a survey by JP Morgan Asset Management.
      547 words
    • Article
      Lock icon Former execs to launch US$1b hedge fund
      463 9 Reuters [HONG KONG] Former Lone Pine and Goldman Sachs executives are aiming to raise US$1 billion in an Asia-focused hedge fund, three sources said, hoping to break into a very small group of funds of that size in the region. The plan indicates
      Reuters  -  463 words
    • Article, Illustration
      Lock icon China okays Nestle’s takeover of Hsu Fu Chi
      436 11  -  Chinese confectioner expected to be delisted on Dec 23 By JOYCE HOOI CHINA’S Ministry of Commerce has approved Nestle’s acquisition of a 60 per cent stake in main-board-listed Hsu Fu Chi International, paving way for the delisting of the Chinese confectioner. Swiss-based
      BLOOMBERG  -  436 words
    • Article
      Lock icon Khong Guan H1 profit dives 78%
      430 11  -  Results hit by loss in short-term investments By CONRAD TAN KHONG Guan Flour Milling’s net profit fell 78 per cent to $532,000 for the half-year ended Oct 31 from $2.41 million a year ago, due mainly to a plunge in the value of its
      430 words
    • Article
      Lock icon Hu An Cable bags 155m yuan of orders
      206 11 HU An Cable Holdings, an SGX mainboard-listed large wire and cable maker in China, has secured contracts worth 154.9 million yuan (S$31.4 million) to supply power cables to Jiangsu Electric Power Co. Under a framework agreement, Jiangsu Electric Power, a unit of
      206 words
    • COMPANY BRIEFS
      • Article
        Lock icon GLP issues $500m perpetual capital securities
        51 11 GLOBAL Logistic Properties has issued $500 million in aggregate principal amount of 5.50 per cent perpetual capital securities. The company has received approval in-principle from the Singapore Exchange (SGX) for the listing of the securities on the exchange, which is expected to take place
        51 words
      • Article
        Lock icon Uni-Asia pumps US$5.5m into shipping unit
        63 11 UNI-ASIA Finance Corporation has injected an additional US$5.5 million to raise the issued share capital of its wholly owned subsidiary Uni-Asia Shipping to US$25.5 million. “The increase in the issued and paid-up capital of Uni-Asia Shipping is for the purpose of strengthening its financial
        63 words
      • Article
        Lock icon Novo’s HK subsidiaries inject US$1.3m into units
        56 11 NOVO Group said two wholly owned Hong Kong subsidiaries have injected a total of US$1.3 million into their respective fully owed China units. Novo Investment Limited injected US$1 million into Qingdao Novo Port Investment Logistic Limited. Novo Development Limited injected US$300,000 into its
        56 words
      • Article
        Lock icon JK Tech half-year profit falls 74%
        85 11 JK TECH Holdings posted a 74 per cent decline in net profit for the half year ended Sept 30, 2011. Earnings fell to $349,547 from $1.34 million a year ago, while revenues dipped 7 per cent to $9.61 million from $10.3 million the previous
        85 words
      • Article
        Lock icon Techcomp gets nod for HK dual-listing
        72 11 TECHCOMP (Holdings) announced that it has been granted approval-in-principle (AIP) for the dual listing of the company’s shares on the Stock Exchange of Hong Kong Limited (SEHK). The listing is still subject to the fulfilment of certain conditions under the AIP. Subject to formal
        72 words
      • Article
        Lock icon Japan Foods Holding’s unit renamed
        34 11 JAPAN Foods Holding yesterday announced the name change of its wholly owned subsidiary, Ajisen Parco Japanese Restaurant Pte Ltd, to Japan Foods Enterprises Pte Ltd with effect from yesterday.
        34 words
      • Article
        Lock icon Temasek may raise $600m from bond sale
        59 11 Reuters SINGAPORE investment company Temasek Holdings is looking to raise up to S$600 million from the sale of zero coupon bonds exchangeable into shares of Hong Kong trading company Li Fung Ltd, IFR reported yesterday. Temasek holds a 3 per cent stake in
        Reuters  -  59 words
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      475 8 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF RED BEE MEDIA SINGAPORE PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****2117W) NOTICE OF RESOLUTIONS Atthe Extraordinary General Meeting of RED BEE MEDIA SINGAPORE PTE. LTD. duly convened and held at The
      475 words
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      401 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ADICA PTE. LIMITED (In Members' Voluntary Liquidation) Reg No. *****3339N NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at Place Des Bergues 3,1211 Geneva 1, Switzerland on the
      401 words
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      Lock icon Page 8 Advertisements Column 3
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      314 words
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      338 9 Exclusively for DBS/POSB Credit Debit Cardmembers Put more into your holiday, and less on your bill with l! turn Preferred Cards China* includes Chengdu, Chongqing, Changsha, Fuzhou, Hangzhou, Kunming, Nanjing, Ningbo, Sanya, Qingdao, Wuhan Xiamen. Book on www.cathaypacific.com/sg or contact your travel agent to book now. L d Mi r
      338 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Buying ahead of Friday summit
      587 10  -  ST Index bounces 33 points after two days of losses as traders position for possible Western rally but volume stays low STOCKS R SIVANITHY Senior Correspondent MONDAY’S column raised the strong likelihood that there would be a “buyin anticipation” play this week ahead of Friday’s
      Source: Bloomberg  -  587 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 3 2 0 0 0 8 3 2 Manufacturing 60 35 35 5 5 7 65 40 42 Commerce 25 10 17 0 6 3 25 16 20 Tpt/Stor/Comms 24 8 7
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      120 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 39,427 39,427 51,008 51,008 Manufacturing 212,738 5,880 218,618 169,107 219 169,326 Commerce 85,315 2,452 87,767 116,964 399 117,363 Tpt/Stor/Comms 138,383 29,767 168,150 188,306 3,639 191,945 Finance 14,983 1 14,984 113,431 113,431 Construction 121,462 2,205 123,667
      120 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 10 Stock name Close Change CapMallsAsia 1.305 +0.010 CapitaLand 2.610 +0.060 CapitaMall 1.740 -0.030 CityDev 10.020 +0.010 ComfortDelGro 1.435 -0.005 DBS Grp 12.770 +0.320 F&N 6.440 -0.040 GLP 1.795 -0.005 Genting SP 1.550 +0.015 Golden Agri 0.720 +0.015 HK Land 4.900 +0.160 JMH 49.850 +1.750 JSH 30.630
      114 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 10 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 10 Dec 7 VALUE CLOSE BT OB/OS 99.00 +324.0 BT CADI -*****.00 +138.0 BT 10-day MA -*****.00 +9.00 FTSE ST Mid Cap 612.19 +6.12 FTSE ST Small Cap 414.58 +4.72 FTSE ST All Share 666.63 +7.75 FTSE ST China Top 196.94 +3.63 FTSE ST China 230.76 +3.57 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      61 10 VOLUME PSL Hldgs 94,093,000 Golden Agri 91,396,000 GMG R 83,814,000 Noble Grp 44,489,000 Genting SP 39,418,000 HPH Trust US$ 39,347,000 GMG Global 38,253,000 Yangzijiang 29,257,000 Mewah 25,657,000 SingTel 24,644,000 VALUE($) SingTel 77,713,500 Golden Agri 65,756,271 Genting SP 60,977,115 Noble Grp 54,523,235 DBS Grp 43,174,480 UOB 39,515,110 PSL
      61 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon City Developments Ltd
        309 10 City Developments Dec 7 close: S$10.02 DMG PARTNERS RESEARCH, Dec 7 CDL in a consortium with Hong Leong Group and Hong Realty has submitted a top bid for a 99-year leasehold land parcel in Alexandra for S$396 million translating to unit land price of S$754 per square
        Source: Bloomberg  -  309 words
      • Article, Illustration
        Lock icon Hoe Leong Corporation
        371 10  -  Compiled by LYNN KAN Dec 7 close: S$0.183 OCBC INVESTMENT RESEARCH, Dec 7 HOE Leong Corporation is one of the biggest suppliers of heavy equipment components in the region. The group carries about 20,000 types of equipment parts for equipment such as bulldozers and excavators. The end
        Source: Bloomberg  -  371 words
      • Article
        Lock icon Glossary:
        132 10 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first, second, or third quarter
        132 words
    • Article, Illustration
      Lock icon Euro firms against dollar on cautious EU summit optimism
      549 10 CURRENCIES Reuters [LONDON] The euro edged higher versus the dollar yesterday on cautious optimism that European leaders will take decisive action to contain the region’s debt crisis at a summit later this week, but gains were capped by concerns that policymakers
      Reuters; REUTERS  -  549 words
    • Article
      Lock icon RISES
      110 10 BY CENTS CLOSE UP IS S&P500 ***** 246.1 1.5 JMH 4985 224.3 3.6 Jardine C&C 4872 166.0 3.5 DBXT E50 10US$ 3635 148.7 3.3 JSH 3063 143.6 3.8 GLD 10US$ ***** 126.9 0.6 DBXT MSKorea 10US$ 5513 93.6 1.3 DBXT MSEurope 10US$ 4110 85.9 1.7 Lyxor US DJIA 10
      110 words
    • Article
      Lock icon FALLS
      128 10 BY CENTS CLOSE DOWN OCBC Bk 4.5%NCPS 100 *****-199.0 -1.9 Lyxor Malaysia 10US$ 858 -25.6 -2.3 Lyxor Russia 10US$ 397 -25.6 -4.8 DBXT S&P Short 10US$ 4156 -24.4 -0.5 DBXT MSMSIA 10US$ 1240 -19.2 -1.2 Lyxor AsiaCS 10US$ 5130 -19.2 -0.3 DBXT MSRussia 10US$ 294 -12.8 -3.3 Elec Eltek
      128 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 10 DAILY
      5 words
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      68 11 tt w w w m Jk 1/ in I EVERYTHING'S 43 Keppel Road Italian HOMES LIFE. STYLE. DESIGN Tel: B225 52GB 11am 9pm THE PRICE! MORETTI The Epitome of Italian Design Now Available in Singapore Ready Stock MORE1 f ITALIA r Exclusive authorized distributors: AYE (Tuas) www.furnitureclub.sg SP0TTIW00D MALAYAN PARK
      68 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon SBF, trade bodies form pro-SME panel
      597 12  -  Goal is to make recommendations to the govt with an eye on Budget 2012 By FELDA CHAY SMALL and medium enterprises (SMEs) will be getting special attention this time via a new industry “committee” that will work closely with the government to come up
      FILE PHOTO  -  597 words
    • Article
      Lock icon Home prices to fall 20%: Morgan Stanley
      427 12  -  By MICHELLE TAN PRICES of residential properties are expected to take a 20 per cent haircut, according to a report issued by Morgan Stanley Research. Though new home sales have been holding up relatively well with 1,632 units being sold in the month
      427 words
    • Article
      Lock icon S’pore seen buying more LNG from 2015
      478 12  -  By RONNIE LIM SINGAPORE looks set to buy a further 2.5 million tonnes per annum (tpa) of as-yet-uncontracted liquefied natural gas (LNG) from 2015, once a third tank at the Singapore LNG (SLNG) terminal is ready, says a Credit Suisse report on the
      478 words
    • Article
      Lock icon Govt resolve on inclusive growth to be tested: Citi
      403 12  -  By TEH SHI NING RESTRUCTURING the economy in a downturn will hurt more and test policymakers’ resolve to stick to its “inclusive growth” strategy, says Citigroup economist Kit Wei Zheng. “Transition costs of a starker growth-inflation trade-off and a possible increase
      403 words
    • Article
      Lock icon Most COE premiums lower on concerns over economy
      328 12  -  Potential buyers are taking a wait-and-see attitude By SAMUEL EE COE premiums fell yesterday on worries about the economy and after back orders were filled, according to some motor distributors. A Category A certificate of entitlement, used for registering cars 1,600cc and
      328 words
    • Article
      Lock icon Thai PM arrives today for first official visit
      363 12  -  By LEE U-WEN ALMOST two months after her original trip was shelved due to the severe flooding in her country, Thai Prime Minister Yingluck Shinawatra will arrive in Singapore this afternoon for her first official visit since taking office in August. The
      363 words
    • Article
      Lock icon UK private school to set up campus
      220 12 ONE of the UK’s best-known private schools is setting up a campus in Singapore next year. Dulwich College Management International will offer an enhanced English National Curriculum leading to the International Baccalaureate (“IB”) Diploma. “The opportunity to open a Dulwich College in Singapore
      220 words
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      400 12 MATS NOTICES In The Matter of The Companies Act Cap. 50 And In The Matter of BINAJAYA INVESTMENTS PTE LTD Company Registration No: *****4476E (In Members' Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING UP At an Extraordinary General Meeting of the Member of the abovenamea Company duly convened and held at Blk
      400 words
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      309 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MTARFA PTE. LIMITED (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****7345W Extract of the Minutes of an Extraordinary General Meeting of MTARFA PTE. LIMITED signed by the Representative of the Holding Company pursuant to Section 179(6)
      309 words
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      Lock icon Page 12 Advertisements Column 3
      50 12 n JPRAM *1SSS? ia PARTY Hilt-SS LBD *g\ WHO'S r 3? THE J BOSS 7 ki L* WIN 16 SETS PRODUCTS WORTH $214 29 SETS FOR YOUTH SERUM WORTH $134 MAKE UP STORE 20 SETS OF HAMPER WORTH $231 40 SETS OF E1J2 REVE DE MIEL HAMPER WORTH $100 sPHmagazmes
      50 words
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      123 13 CFA SINGAPORE CONGRATULATES OUR NEWEST CHARTERHOLDERS These 241 exceptional individuals have successfully completed all three levels of the CFA Program and worked as investment professionals for a minimum of four years. As CFA charterholders, they have prepared to lead the financial industry in pursuit of excellence, having demonstrated comprehensive knowledge
      123 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Aussie economy surprises with 1% growth in Q3
      597 14 Mining, construction fuel growth but analysts warn of 2-speed economy AFP [SYDNEY] Australia’s min-ing-powered economy grew 1.0 per cent during the September quarter in a result hailed by the government yesterday as “exceptional” given the ongoing global turmoil. The Australian Bureau of
      AFP; BLOOMBERG  -  597 words
    • Article
      Lock icon Foreign investment in Thailand rises
      284 14 Reuters [BANGKOK] Foreign investment pledges in Thailand jumped 77 per cent in value in the first 11 months of 2011 from a year earlier, reflecting investor confidence in the country despite recent flooding, the Board of Investment (BOI) said yesterday. The value of investment pledges
      Reuters  -  284 words
    • Article
      Lock icon German economic boom bypasses working poor
      435 14 Short-term contract jobs on the rise and the pay is low AFP [FRANKFURT] Germany’s recent economic growth, strong relative to the rest of crisis-hit Europe, has prompted many to hail a “miracle” in the country. However, this boom has come at a price: a
      AFP  -  435 words
    • Article
      Lock icon Japan forex reserves hit record high in Nov
      291 14 AFP [TOKYO] Japan said yesterday its foreign exchange reserves hit a record high US$1.3 trillion in November after authorities intervened in currency markets to stem the yen’s rise. The level was US$94.88 billion higher than in October, the finance ministry said, and
      AFP  -  291 words
    • Article, Illustration
      Lock icon Brazil economic growth stalls in Q3
      431 14 AFP [RIO DE JANEIRO] Brazil’s economy stagnated in the third quarter, according to official data released on Tuesday, forcing a cut in growth projections for the full year as the force of the eurozone debt crisis hit. The economy did not grow at all
      AFP  -  431 words
    • Article
      Lock icon Jobs decline in UK worsens in Nov: survey
      393 14 Reuters [LONDON] British recruitment firms said the number of people placed in permanent jobs fell at the fastest pace since 2009 in November, highlighting the pressures on the economy at a time of public spending cuts and worries about the eurozone. A
      Reuters  -  393 words
  • Page 14 Advertisements
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      67 14 asiaSoa Asia's leading Luxury Spa Wellness Publication epa style senses r*r iism TOP 10 SPA DESIGNERS w THE DESIGN ISSUE MASTERING THE ART OF WELLNESS THE RISE OF THE DESIGNER SPA DESIGNING ECO SPA SPACES ENCHANTING JAVA DISCOVERING JORDAN VIENNA'S SUPERLATIVE SPAS Ask your local bookshop or make sure of
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      5 14 6100.0080 QMEfitSBia =a^ra?«!s®6Eboiifa °E(^!?SiS®EEb£^fl =^aa?«Es®6EteQgaia
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Indonesia to redenominate rupiah
      432 15 1,000 rupiah will become one rupiah, but the value will remain the same [JAKARTA] The Indonesian government has approved a proposal from Bank Indonesia (BI) to slash three zeros off the rupiah. The redenomination process essentially means that 1,000 rupiah will be- come one rupiah, but
      432 words
    • Article
      Lock icon Pavilion Reit shines on debut with 16% gain
      455 15  -  By in Kuala S JAYASANKARAN in Kuala Lumpur SHARES in Pavilion Real Estate Investment Trust (PReit) posted a smart 16 per cent gain on debut yesterday, closing at RM1.02 each amid brisk trading volumes. The trust, partly owned by the Qatar Investment
      455 words
    • Article, Illustration
      Lock icon Q4 growth in M’sia slowing to 3.6%: Nomura
      599 15  -  By PAULINE NG in Kuala Lumpur MALAYSIA’S economic expansion in the last quarter is expected to slow sharply to 3.6 per cent on weaker exports and softer commodity prices, according to a Nomura Group forecast, with the government constrained at the pump
      BLOOMBERG  -  599 words
    • Article, Illustration
      Lock icon MAS to cut routes, spin off ancillary ops
      347 15 Bloomberg [KUALA LUMPUR] Malaysian Airline System Bhd (MAS), the loss-making national carrier, said it will cut unviable routes, spin-off ancillary businesses and form a new regional unit in a bid to return to profit in 2013. The new airline, which will start
      Bloomberg; AFP  -  347 words
  • Page 15 Advertisements
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      28 15 Over 1 20,000 downloads! I913FMI ■im^KtrnKcl Sl»w«/"TWs... m |91.3TM| Get your free iPhone/iPad app now! *asof 17th Oct 2011 91.3FM TCDflV'S BEST MUSIC Available on the App Store
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      21 15 PRATA POWER Singapore finally picks its favourite prata S’POREAN DOCTOR AIMS FOR EVEREST GETYOUR COPYTOMORROW FROMALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Foreign firms in China squeezed
      754 16 Of a raft of govt measures, the biggest bugbear is pension and other welfare contribution AP [BEIJING] Foreign companies that are looking to China to shore up wilting global sales have been hit by higher payroll taxes, surcharges to subsidise unions and other changes that
      AP  -  754 words
    • Article
      Lock icon Foreign insurers floundering 10 years on
      550 16 Reuters [SHANGHAI] Ten years ago, foreign insurers were lining up to celebrate China’s entry into the World Trade Organization, eager to tap what was certain to become the world’s next big insurance frontier. A decade on, it is mainly the local insurers that are
      Reuters  -  550 words
    • Article
      Lock icon Indian services sector bounces back in Nov
      363 16 New businesses accelerate despite inflationary woes Reuters [BANGALORE] India’s services sector expanded in November for the first time in three months as new business accelerated despite persistent inflationary pressures, a survey showed on Monday. The seasonally adjusted HSBC Markit Business Activity Index based
      Reuters  -  363 words
    • Article, Illustration
      Lock icon Citic Pacific says it didn’t know currency implications
      421 16 Bloomberg [HONG KONG] Citic Pacific Ltd’s officers didn’t know the implications of the company’s currency exposure when they failed to disclose potential losses, a lawyer for the steelmaker and property developer told a Hong Kong court. “In contracts of this complexity, how
      Bloomberg; BLOOMBERG FILE PHOTO  -  421 words
    • Article
      Lock icon China leader to US: Stop politicising economic issues
      294 16 AFP [BEIJING] China’s leader-in-waiting urged the United States to “curb its tendency of politicising economic issues”, state media said yesterday, after a recent step-up in US criticism of Beijing’s trade practices. Ties between Beijing and Washington have been strained after US lawmakers
      AFP  -  294 words
    • Article
      Lock icon Melco Crown open to selling new shares for Asia push
      435 16 Bloomberg [HONG KONG] Melco Crown Entertainment has said that its new listing in Hong Kong would allow it to raise funds by selling new shares as the Macau casino company, which also trades in the US, expands in Asia. “It’s
      Bloomberg  -  435 words
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  • WORLD
    • Article, Illustration
      Lock icon Asia in sweet spot for credit rating upgrades
      745 17 Economic stability, ability to weather eurozone crisis put region in good stead Bloomberg [SINGAPORE] Asian economies are withstanding Europe’s debt crisis so well that some investors are positioning for credit rating upgrades in the region. Five-year credit default swaps for China, South
      Bloomberg; AFP  -  745 words
    • Article
      Lock icon Investors race to beat ban on carbon credits
      467 17 Bloomberg [NEW DELHI] Investors are rushing to sell emission credits before they become almost worthless in 2013, pushing prices to a record low. A United Nations programme that encourages reductions in greenhouse gases awarded almost twice as many credits this year as
      Bloomberg  -  467 words
    • Article
      Lock icon Bernanke disputes report on Fed’s US$7.8t loans
      377 17 Reuters [WASHINGTON] Federal Reserve chairman Ben Bernanke on Tuesday pushed back against reports that the Fed had lent banks US$7.77 trillion or more during the financial crisis. Bloomberg Markets magazine last month published an article, “Secret Fed Loans Gave Banks $13 Billion Undisclosed
      Reuters  -  377 words
    • Article
      Lock icon ING to take insurance charge of up to 1.1b euros
      425 17 Reuters [AMSTERDAM] Dutch insurer and banking group ING said yesterday that it would take a charge of up to 1.1 billion euros (S$1.9 billion) on a US insurance portfolio and may exclude the business from its planned insurance listings. ING
      Reuters  -  425 words
    • Article
      Lock icon Study counts costs of US high school dropouts
      414 17 Reuters [CHICAGO] High school dropouts on average receive US$1,500 a year more from the US government than they pay in taxes because they are more likely to get benefits or to be in prison, according to a US study released yesterday. “Dropping
      Reuters  -  414 words
    • Article, Illustration
      Lock icon Bottoms up to sassy labels
      1168 18 Cheap wines with rude and risque labels hit the stores NYT [NEW YORK] It’s peppery and full of fight. The tannins have grip. The nose takes no prisoners. This shiraz is a *****. It says so on the label. Royal ***** is the name of
      NYT; PHOTO: NYT  -  1,168 words
    • Article
      Lock icon Funds see more uncertainty and volatility in 2012
      678 18 Just holding cash won’t fully protect investors against losses, they warn Reuters [NEW YORK] Money managers are bracing themselves for more market volatility and political uncertainty as they weigh their investment choices in 2012, reiterating a warning that simply holding cash won’t
      Reuters  -  678 words
    • Article
      Lock icon Money managers warn of risks in wealth gaps
      735 18 Reuters [LONDON] Rising inequality both within countries and betweenuxe nations have reached critical levels that need to be addressed toistmas avoid trade, tax and regulatory backlashes that coulde strangle an already wounded world economy, Europe-ristmas an money managers say. Speakingue at Reuters
      Reuters  -  735 words
    • Article, Illustration
      Lock icon Top German official not hopeful of stemming crisis
      756 19 Figures released reveal some European banks need help urgently Reuters Bloomberg [PARIS] Pessimistic comments from European Union (EU) paymaster Germany and new figures exposing growing stress among Europe’s banks dampened financial market hopes of a turning point in the eurozone debt crisis
      Reuters; Bloomberg; REUTERS  -  756 words
    • Article
      Lock icon Praise for S&P’s EU downgrade warning
      604 19 Investors see move forcing leaders to make hard decisions Reuters [NEW YORK] Standard Poor’s Ratings Services is finding itself in a rare position, winning praise for warning that it may downgrade the sovereign debt of 15 European countries. The move, along with a similar
      Reuters  -  604 words
    • Article, Illustration
      Lock icon Merkel unmoved by ratings warning
      625 19 NYT [BERLIN] When the ratings agency Standard Poor’s warned this week that it might lower the credit ratings of 15 eurozone countries, including Germany, Chancellor Angela Merkel seemed unmoved. “What a rating agency does is the responsibility of the rating agency,” she told reporters in
      NYT  -  625 words
    • Article, Illustration
      Lock icon Sweden to shun euro for a long time: minister
      544 19 Bloomberg [COPENHAGEN] Sweden is unlikely to seek euro accession for a long time as voters recoil from the currency bloc’s deepening crisis, Finance Minister Anders Borg said. Swedish backing for euro adoption fell to a record low in November, with less
      Bloomberg; BLOOMBERG  -  544 words
    • Article
      Lock icon ‘Buy French’ is credo for France’s politicians now
      476 19 Bloomberg [PARIS] With France’s economy slowing and joblessness at its highest in 12 years, politicians are turning to a well-worn credo: “Buy French”. France is entering the height of its holiday spending season with politicians egging consumers on to buy “Made in
      Bloomberg  -  476 words
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      363 17 Luxe Christmas 2011 Luxe Christmas 2011 Luxe Christmas 2011 Luxe Christmas 2011 Luxe Christmas 20 11 mas 2011 Luxe Christmas 2011 Luxe Christmas 2011 Luxe Christmas 2011 Luxe Ch ristmas Christmas 2011 Luxe Christmas 2011 Luxe Christmas 2011 Luxe Christmas 2011 Lu xe stmas 2011 Luxe Christmas 2011 Luxe Christmas
      363 words
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      308 18 Luxe Christmas 2011 Luxe Christmas 2011 Luxe Christmas 2011 Luxe Christmas 2011 Luxe Christmas 20 Chist 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 Chri stmas 2011 Luxe Christmas 2011 Luxe Christmas 2011
      308 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon China, India may not save the day this time
      511 20 EDITORIAL THERE is a lot of worry about what the New Year has in store for the economy. This is evident from conversations with business people. The fear is that a full-blown global recession could result from the eurozone crisis, coming
      511 words
    • Article, Illustration
      Lock icon Welfare states of US, Europe reach historic reckoning
      789 20  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group AMERICANS fool themselves if they ignore the parallels between Europe’s problems and their own. It’s reassuring to think them separate, and the fixation on the euro Europe’s common currency buttresses that mindset.
      The Washington Post Writers Group  -  789 words
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      Lock icon Keep the IMF out of Europe
      1038 20  -  There are good reasons why it should abstain from increasing its exposure to Europe By MARIO BLEJER, EDUARDO LEVY YEYATI in Buenos Aires Mario Blejer is a former governor of the Central Bank of Argentina and former director of the Centre for Central Banking
      Project Syndicate; AFP  -  1,038 words
    • Article, Illustration
      Lock icon Delivering aid where the poor live
      1309 21  -  New geography of global poverty throws into question development assistance policy towards middle-income countries By RAVI KANBUR, ANDY SUMNER Ravi Kanbur is TH Lee Professor of World Affairs, Interna tional Professor of Applied Economics and Management, Professor of Economics at Cornell University. Andy Sumner
      XINHUA  -  1,309 words
    • Article, Illustration
      Lock icon US unfazed by Chavez’s latest act of bravado
      840 21  -  LEON HADAR Washington Correspondent NOW that Iraqi president Saddam Hussein, Al-Qaeda leader Osama bin Laden and Libyan leader Muammar Gaddafi cannot play any more the roles as Washington’s favourite bogeymen, Venezuela’s President Hugo Chavez has been trying to fill the void. The
      REUTERS  -  840 words
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  • AVIATION
    • Article, Illustration
      Lock icon Air cargo faces headwinds in 2012: Iata
      593 22  -  Asian carriers could be hit hardest this time as demand from Europe falls By VEN SREENIVASAN in Geneva THE global air cargo business, which started going into decline sometime during the middle of this year, is braced for even rougher times going into
      AP  -  593 words
    • Article
      Lock icon Flights resume as Beijing pollution eases
      612 22 Bloomberg [BEIJING] Beijing’s pollution dropped from unhealthy levels as a cold front swept through the Chinese capital, allowing flights to resume after four days of smog that spurred criticism of the government’s environmental record. Fog and snow had forced the cancellation of almost 700
      Bloomberg  -  612 words
    • Article, Illustration
      Lock icon Qantas: Travel demand in Asia rising
      185 22 Bloomberg [SYDNEY] Qantas Airways, Australia’s biggest carrier, has said that travel demand in Asia was rising as the company continues talks to establish a new airline based in either Singapore or Malaysia. The growth is helping to limit the impact of stalling travel to
      Bloomberg; AFP  -  185 words
    • Article
      Lock icon FAA administrator resigns over drunk driving arrest
      325 22 Bloomberg [BEIJING] Randy Babbitt’s departure from the US Federal Aviation Administration comes as the agency debates pilot fatigue rules and faces a second partial shutdown should Congress allow its funding to expire. Mr Babbitt resigned as the agency’s administrator on Tuesday after his
      Bloomberg  -  325 words
    • Article
      Lock icon EU court to rule on airline emissions cap on Dec 21
      404 22 Reuters [DURBAN] The European Union’s highest court is expected to give its final ruling on Dec 21 on a European law that would force all airlines to pay for their carbon emissions, an EU source said on Tuesday. The
      Reuters  -  404 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Lock icon Page 22 Miscellaneous Column 1
      364 22 CRYPTIC CROSSWORD Across 1 Animals I have brought to street secured by fastening device (9) 9 Put off, the lady has nothing, nothing to lose (6) 10 Food expert to stop working with artist (9) 11 Showman in big building with ’orrible smell (6) 12 No ailment could be produced
      364 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    3056 23 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
    3,056 words
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  • SHIPPING
    • Article, Illustration
      Lock icon South Korean shipbuilders hit by calls to delay deliveries
      481 24 Ship orders worth US$3b put off as European banks tighten credit lines Reuters [SEOUL] South Korea’s major shipbuilders have received requests to delay deliveries of 24 ships worth some US$3 billion as the debt crisis in Europe bites, raising fears about
      Reuters; BLOOMBERG  -  481 words
    • Article
      Lock icon Brazil port cleared as damaged ore carrier is towed away
      816 24 Reuters [RIO DE JANEIRO] The damaged Vale Beijing, the world’s largest iron ore carrier, was towed on Tuesday from its berth in Brazil for repairs, clearing the way at a port responsible for about 10 per cent of global iron
      Reuters  -  816 words
    • Article
      Lock icon Mitsui OSK shares surge in wake of tanker deal
      494 24 Bloomberg [TOKYO] The shares of Mitsui OSK Lines, Japan’s largest sea-cargo carrier by market value, rose the most in three years after a tanker deal added to signs that shipping companies are cooperating to ease overcapacity and revive rates. The shipping
      Bloomberg  -  494 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 24 SGX '000 Dec 7 S$ +/-Vol CH Offshore 0.37 -0.01 14 Chuan Hup Hldg 0.20 unch 35 Cosco Corp 0.94 0.03 8427 CWT Ltd 1.02 unch 64 Ezra Hldgs 0.92 0.02 3231 First Ship Lea 0.29 unch 979 Freight Links 0.06 unch 406 Grand Banks unch unch 0
      278 words
  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      20 24 FREIGHT Er FORWARDER urgently needed by shippers Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327
      20 words
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      Lock icon Page 24 Advertisements Column 2
      34 24 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. THE BUSINESS TIMES SHIPPING TIMES Legal services required by shippers owners Can they find your services here in the Shipping Times?
      34 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      7980 25 Transaction date: Dec 7 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 10.6 14 7.8 3.9 3.2 74.2 9.5 4.1 A-Sonic 4.5 unch 13 4.5 4.5 4.5 5
      7,980 words
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      Lock icon SGX CATALIST
      1581 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 12.4 -0.5 20 12.4 12.4 12.7 13 4.7 4.4 4.8 22.2 5.5 2.5 t AA Grp 3.3 2.7 3.1
      1,581 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9939 26 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.17/ 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 0.6/ Aberdeen Asset Mgt Asia Limited American Opp 0.6305/ Asian Credit Fund
      9,939 words
    • Article
      Lock icon GLOBALQUOTE
      249 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 $mil 55.5 34 AVJennings A34 36 43.5 3.6 10.3 2.7 88.5 49 25.5 Genting HK US$ US28 -0.5 ***** 28.5 28 28 28.5 1843.7 15 10 OGL Resources
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    • Article
      Lock icon SGX ETF
      902 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 $mil 130 108 ABF SG Bond ETF 116.6 116.3 116.8 532.3 1261 856 CIMBAsean40 100US$ US974 974 1027 39 ***** ***** DBXT AUD Bonds 5AU$ A***** +39
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  • 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 6 Index Change Change Change Change Change Change World Preliminary 832.9 -0.4 -7.2 -0.2 -6.8 -0.6 -6.9 EAFE Preliminary 688.6 -0.6 -14.0 -0.7 -13.1 -1.1 -13.2 Europe Preliminary 1027.6 -0.3 -12.1
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 27 CRUDE OIL PRODUCTS Dec 6 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.10 -0.81 WTI (Near Mth) 101.18 0.54 Dubai (1-Mth F) 106.82 -0.84 Tapis blend 117.22 -0.40 Minas 114.62 -0.40 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 98.67 0.34 Jet Kerosene 125.05 -1.05 US$/barrel Opec Oil
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    • Article
      Lock icon CHICAGO BOT
      107 27 Dec 6 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 12 1129.50 1126.25 1131.75 1120.00 Mar 12 1139.50 1136.50 1141.50 1130.00 May 12 1149.75 1147.00 1152.00 1141.00 Jul 12 1159.75 1156.75 1162.25 1150.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 11 49.98
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    • Article
      Lock icon GOVERNMENT SECURITIES
      83 27 Dec 7 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 08.03.2012 0.33 0.34 0.30 1-Year BY*****W 01.11.2012 0.31 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.06 103.12 103.10 5-Year N*****0W 1.125 01.04.2016 102.11
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      448 27 Dec 7 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.4450 0 3286 Mar12 99.3850 0 3230 Jun12 99.3550 0 1003 Sep12 99.3350 0 451 EUROYEN TIBOR FUTURES Dec11 99.6725 10 4632 Mar12 99.6600 10 1937 Jun12 99.6625 0 1440 Sep12 99.6600 0 711 Dec12 99.6650
      448 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      121 27 As on 06 December 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT FEB2012 1728.50 1707.50 1731.60 161 SILVER FUT MAR2012 33.070 31.840 32.735 15 CURRENCY AUD-USD FUT DEC2011 1.0232 1.0156 1.0229 2094 EUR-USD FUT DEC2011 1.3428 1.3339 1.3398 4893 USD-JPY FUT
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    • Article
      Lock icon SGX FUTURES
      153 27 Dec 7 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jan 12 355.0 355.0 355.0 5 300 Feb 12 367.8 367.8 365.1 10 223 Mar 12 366.0 297 Apr 12 369.5 144 May 12 372.2 253 Jun 12
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    • Article
      Lock icon LONDON METALS
      71 27 Dec 6 Dec 6 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2107.50 2128.50 3 months 2113.00 2130.00 Copper, Grade A (US$/tonne) Cash 7809.25 7914.50 3 months 7835.00 7940.00 Lead (US$/tonne) Cash 2105.50 2100.25 3 months 2125.00 2120.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon LIFFE
      82 27 Dec 6 COCOA (£/tonne) Close Prev High/Low Dec 11 1359 1380 1387/1352 Mar 12 1407 1420 1433/1398 May 12 1422 1437 1450/1413 Jul 12 1439 1454 1467/1436 COFFEE (US$/tonne) Close Prev High/Low Jan 12 2010 2006 2042/2000 Mar 12 2044 2040 2075/2034 May 12 2070 2065 2100/2065 Jul 12
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2021 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 55 49.00 29 ASJ Hldgs W*****1 0.1 1 4 17 35.00 2 AlliedTech W*****2 1.7 1 4 23 Aztech Grp W*****3 0.2 1 20 124
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 27 Dec 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.037 6.546 0.766 7.998 52.898 93.394 0.799 11.585 3.214 1.315 91.928 44.523 1.319 8.206 0.951 31.029 31.678 0.659 1.029 Canada 0.964 6.312
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    • Article
      Lock icon SIBOR
      82 27 Dec 7 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon PRECIOUS METALS
      140 27 Dec 7 GOLD (US$/oz) Dec 06 Dec 07 Hong Kong 1724.50 1734.20 Dec 05 Dec 06 London 1739.60 1709.29 1740.35 1710.40 Source: Thomson Reuters Source: Reuters CAST BAR Dec 07 (S$) Selling Buying Kilobar 76,557.43 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 171 71 5gm 487 357
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    • Article
      Lock icon PALM OIL
      57 27 Dec 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 11 3075.0 3081.0 3080.0 3075.0 58 1238 Jan 12 3099.0 3112.0 3122.0 3095.0 715 8841 Feb 12 3101.0 3119.0 3126.0 3095.0 ***** ***** Mar 12 3105.0 3115.0
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    • Article
      Lock icon STOCK INDEX FUTURES
      24 27 Dec 7 Open High Sett STI Dec 2774 SIMSCI Dec 312.6 317.1 315.5 Taiwan Dec 250.7 253.2 252.4 Source: SGX Derivatives
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Dec 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3185 1.3201 1.0286 1.0291 Canadian dollar 1.2716 1.2727 0.9921 0.9922 Euro 1.7220 1.7234 1.3434 1.3435 NZ dollar 1.0024 1.0037 0.7820 0.7824 Sterling pound 2.0015 2.0037 1.5615 1.5620
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Dec 7 S$ Bid Offer 1-month 1.2818 1.2828 2-months 1.2817 1.2828 3-months 1.2814 1.2825 6-months 1.2797 1.2809 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Dec 07 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.344 1.28 Can dollar 1.294 1.245 Euro 1.751 1.684 Sterling pound 2.039 1.961 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
      155 27 Dec 7 $S Offer Bid 0vernight 0.02 0.01 1-month 5/16 3/16 2-months 5/16 3/16 3-months 5/16 3/16 Overnight mode: 0.05 US$ 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
      155 words
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  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • Article, Illustration
      Lock icon British Telecom rings louder in region
      1087 28  -  Telecoms giant sees great traction in unified communications in Asia-Pacific where 81 per cent of its customers have operations, says AMIT ROY CHOUDHURY WITH its largest global customers investing in Asia-Pacific, British Telecom (BT) has been following suit by beefing up its presence in
      1,087 words
    • Article
      Lock icon Local social media outfit expanding into Asean
      359 28  -  Blugrapes’s first stop is M’sia, a key Facebook market Reports by VICTORIA HO LOCAL social media consultancy Blugrapes is expanding into the region, starting with Malaysia. It plans to spread its wings across Asean, said Freda Kwok, the company’s lead consultant in Malaysia.
      359 words
    • Article
      Lock icon Brands could risk alienating consumers online
      302 28 WHILE many brand names have been raising investment in digital media campaigns, a new study from TNS shows that many users resent brands that invade their personal space online. The global study, surveying 72,000 consumers in 60 countries, found that the chief crime among
      302 words
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      Lock icon Microsoft to open first app store in February
      338 28 AFP [SAN FRANCISCO] Microsoft on Tuesday began wooing developers ahead of the late February opening of its first “app store” for computers powered by the US technology giant’s Windows software. “I think we are going to do great,” said Windows Web Services
      AFP  -  338 words
    • Article
      Lock icon Amazon headed for clash with Google over online ads
      783 28 Reuters [SEATTLE] Amazon.com is known as the world’s largest online retailer, but the company is aggressively expanding in online advertising, putting it on course for a clash with Google, the leader in the space. Amazon Product Ads, which promotes other companies’products
      Reuters  -  783 words
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  • PROPERTY
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      Lock icon South Korean construction gets govt balm
      397 29 Incentives include scrapping of capital gains tax on multi-home owners Reuters [SEOUL] South Korea yesterday unveiled steps to boost housing market activity to help its ailing construction industry as growth in Asia’s fourth-largest economy slowed. The government is to abolish punitive capital gains taxes
      Reuters; REUTERS  -  397 words
    • Article
      Lock icon Househunt PROPERTY TRANSACTIONS FOR DISTRICTS 1 TO 20WITH CONTRACT DATES BETWEEN NOV9AND 15, 2011
      1505 29 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED People's Park Cplx Apt 14/11/2011 99 1119 900 804 People's Park Cplx Apt 10/11/2011 99 1119 950
      1,505 words
    • Article
      Lock icon Tightening measures sap China land sales
      186 29 Xinhua [BEIJING] Land sales in 130 major cities slumped 30.6 per cent year-on-year in the first 11 months of this year as tightening measures cooled the property sector and squeezed developers, according to the Centaline property agency. Sales revenues reached 1.18 trillion yuan (S$237
      Xinhua  -  186 words
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      Lock icon US hotel lenders work to avoid foreclosures
      1481 30 Workout pacts reached on 53% of distressed loans since early 2008 Bloomberg [LOS ANGELES] As US$17.5 billion in securitised loans backed by US hotels come due in the next two years, lenders are doing more to avoid foreclosure on lodging properties than on
      Bloomberg; BLOOMBERG  -  1,481 words
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      Lock icon Savills sees Asia to be its major growth driver
      700 31 CEO expects fast growth in China, HK, Macau, Taiwan, S’pore and Australia Reuters [BEIJING] Asia will provide almost 50 per cent of global revenue at real estate consultancy Savills plc this year and be a major driver of growth in 2012
      Reuters; REUTERS  -  700 words
    • Article
      Lock icon China property tax project to expand
      252 31 Reuters [SHANGHAI] The property tax pilot project under way in Shanghai and Chongqing will eventually be expanded to other cities, a finance ministry official told local media. The overall direction of the property tax rollout has already been decided, but the time is not
      Reuters  -  252 words
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      Lock icon Grade A office rents seen dipping in Q4
      443 32  -  Rental correction and disorderly eurozone defaults cited as factors By MICHELLE TAN [SINGAPORE] Rental rates for Grade A office space in Singapore are expected to fall in the final quarter of the year, according to a Jones Lang LaSalle (JLL) report. Notably,
      ST FILE PHOTO  -  443 words
    • Article
      Lock icon JLL names new workplace services chief
      317 32 [SINGAPORE] Jones Lang LaSalle (JLL) yesterday said it appointed Susan Lim as its new head of strategic workplace services for its corporate solutions business in the Asia Pacific. Ms Lim joins the property firm from strategic business consultancy DEGW where she was its Asia
      317 words
    • Article
      Lock icon Drop in US mortgage delinquency expected
      510 32 AP [NEW YORK] If the US economy does not suffer more setbacks, the rate of mortgage holders behind on their payments should decline significantly by the end of next year, according to credit reporting agency TransUnion. Mortgage delinquency rates the ratio of borrowers 60
      AP  -  510 words
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      Lock icon Page 29 Advertisements Column 1
      36 29 Residential Sales Come home to your dream address Savills has over 200 offices and associates worldwide to meet all your real estate needs, anywhere in the world. Call 6836 6888 I savills.com savills AGENCY NO. L*****87F
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