The Business Times, 10 December 2011

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Microfilm: NL31729
Total Pages: 50
1 20 The Business Times
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  • Title Section
    Lock icon Masthead
    13 1 weekend the business times www.businesstimes.com.sg DECEMBER 10-11, 2011 S$1.00 MICA (P) 121/08/2011 121/08/2011
    13 words
  • Article
    Lock icon Markets swallow fudged eurozone deal
    880 1  -  Britain in shock decision to stay out of fiscal compact that includes the 17 euro members By Neil Behrmann btworld@sph.com.sg London EUROPEAN bond, stock and currency markets were mixed after all 27 European leaders failed to reach agreement on a new treaty to end the
    880 words
  • Article
    Lock icon Residential curb spells boon for alternative assets
    819 1  -  By Uma Shankari shankari@sph.com.sg Singapore INVESTMENTS into strata-titled office, retail and industrial units in Singapore, as well as overseas homes, are set to pick up as investors search for alternative assets to buy following fresh government measures to cool the residential market here.
    819 words
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  • TOP STORIES
    • Article
      Lock icon MARKETS
      140 2 H STI 2,694.60 (-33.71) H STI FUTURES 2,689 (-34) H SIMSCI 305.76 (-4.04) H SIMSCI FUTURES 304.50 (-3.70) STOCKS Friday Change KL COMP 1,460.13 -12.79 NIKKEI 225 8,536.46 -128.12 HANG SENG 18,586.23 -521.58 SET 1,034.00 -9.24 JAKARTA 3,759.61 -22.15 MANILA 4,292.50 -20.39 KOSPI 1,874.75 -37.64 SHENZHEN B 568.61 -8.81
      140 words
    • Article
      Lock icon China Nov CPI down at 14-month low
      700 2  -  Producer price inflation also falls to 2.7% from 5% in October, lowest in almost two years By Shu-Ching Jean Chen bt wo rl d @s p h .co m .sg Hong Kong CHINA’S headline inflation has eased significantly, but the problem has not
      700 words
    • Article, Illustration
      Lock icon Asian currencies and euro swing on lack of EU consensus
      415 4  -  Safe-haven US dollar advances against the Singapore dollar and regional units By Emilyn Yap emilyny@sph.com.sg Singapore ASIAN currencies and the euro see-sawed against the US dollar yesterday after a European Union summit failed to produce concrete solutions to the region’s
      AFP  -  415 words
    • Article, Illustration
      Lock icon Latest property steps not a drag on foreign investors, talent
      595 5  -  Analysts say that there are far more salient factors that weigh on foreigners’ decisions to live and work here By Teh Shi Ning tshining@sph.com.sg Singapore WITH the most biting of the latest round of property market cooling measures aimed at
      FILE PHOTO  -  595 words
    • Article
      Lock icon Divided views over buyer stamp duty effect
      512 6  -  While foreigners are seen turning to the leasing market, consultants differ over direction of rent movements By Mindy Tan tanmindy@sph.com.sg Singapore WHILE consultants think that the additional buyer’s stamp duty (ABSD) imposed earlier this week is expected to drive foreigners to the leasing
      512 words
    • Article, Illustration
      Lock icon Far East buys Henry Park for $175.9m
      363 6  -  By Uma Shankari shankari@sph.com.sg Singapore FAR East Organization has bought Henry Park Apartments, located off Holland Road, for $175.9 million in a collective sale a purchase that is set to be the largest en-bloc deal this year. The price for the 999-year leasehold
      363 words
    • Article, Illustration
      Lock icon A meeting of hearts
      558 7  -  This year’s ChildAid theme of Friendship and Hope leaves few dry eyes By Christopher Lim limchris@sph.com.sg Singapore DISTANCE and different school terms aren’t obstacles to organising a collaborative international performance when you’ve got enough technology, determination and the right cause. Children from Japan and Singapore joined
      ARTHUR LEE  -  558 words
    • Article
      Lock icon ChildAid concert raises record $1.88m
      261 7  -  By Tam Yu Ling tamyl@sph.com.sg Singapore A RECORD $1.88 million was raisedatthis year’sChildAidconcert, topping last year’s already record-breaking $1.28 million. Some 130 young talents danced and sang across an elaborate stage set which resembled a giant storybook. Thetale“unfolded”astheconcert progressed over yesterday’s gala night, and the
      261 words
    • Article, Illustration
      Lock icon HK self-storage firm opens in Bukit Batok
      669 8  -  By Dolly Chia dchia@sph.com.sg Singapore HONG KONG’S StoreFriendly has entered Singapore’s self-storage scene, with plans to open 25 branches here over the next four years. The company which offers air-conditioned,24-hour-accessself-storagefacilities–of-ficially set up shop in Singapore yesterday with the opening of a 12,600 square
      669 words
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      Lock icon Page 2 Advertisements Column 1
      59 2 CONTENTS LIVING Dining L2-3, 7-8 Christmas L4-6 Home Garden L10-12 Gadgets L13 NEWS Top Stories 2-8 Week in Review 9 Raffles Conversation 10-11 Companies 12-15 From The Desk Of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-35 Show Me The Money 33 Househunt 34 Real Estate
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      Lock icon Page 3 Advertisements Column 1
      106 3 FRANCK MULLER BOUTIQUE SINGAPORE 01-07 ION ORCHARD (65) 6509 3380 B1-19 THE SHOPPES AT MARINA BAY SANDS (65) 6634 8825 MELBOURNE 119 COLLINS STREET (613) 9650 0288 JAKARTA PLAZA INDONESIA (6221) 310 7608 BANGKOK SIAM PARAGON (662) 610 9423 AUTHORISED RETAILERS SINGAPORE SINCERE FINE WATCHES NGEE ANN CITY (65) 6733
      106 words
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      13 8 PromotionPeriod: Saturday,December10,2011toMonday,January9,2012 EnjoytwoglassesofDuvalLeroy champagnefor$35++ THEBUSINESSTIMES th Address:Heatultralounge,RoyalPlazaonScottsLevel2,25ScottsRoad,Singapore*****0 Anniversary Notvalidwithanyotherpromotionsordiscounts.TwoglassesofDuvalLeroychampagne @$35++witheachcut-outpresented.Champagneisvalidforredemption between5pmto1amonweekdaysand5pmto2amonweekends. Toenjoythisoffer,pleasepresentthisadattheultralounge Diningdeals
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK Dec 5-9, 2011
      • Article
        Lock icon Private equity players smell once-in-50-years opportunity
        54 9 NEVER waste a crisis especially a big one. That’s been the credo of many savvy investors throughout history. The current crisis in the eurozone is no exception. Although it has yet to reach its tipping point, some private equity investors are already diving in
        54 words
      • Article
        Lock icon Hunt for sub-tenants as shadow space emerges
        37 9 The phenomenon of shadow office space is making a comeback. Tenants who find themselves stuck with excess space are looking to dispose of it by finding sub-tenants or replacement tenants.
        37 words
      • Article
        Lock icon K-Reit nudged parent to get hands on OFC
        49 9 IT was K-Reit Asia that approached its sponsor Keppel Land to snap up Ocean Financial Centre (OFC). This was to have a say in rental negotiations now underway, get tax exemption and to lower the average age of its property portfolio.
        49 words
      • Article
        Lock icon More layoffs loom and may linger next year
        84 9 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 5.0 per cent, Prime Minister Lee Hsien Loong said on Tuesday.
        84 words
      • Article
        Lock icon Punch-drunk US seems ready to bounce back
        66 9 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 down. If it can stay on its feet through the European crisis, some
        66 words
      • Article
        Lock icon Developers fear impact of targeted stamp duty
        56 9 THE government announced on Wednesday significant steps that could bring private home prices back within the reach of Singaporeans. Starting the following day, foreigners and corporate entities buying private homes in Singapore will have to pay an extra 10 per cent by way
        56 words
      • Article
        Lock icon Airlines may plunge into US$8.3b loss: Iata
        60 9 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 year, according to the InternationalAir TransportAssociation (Iata). If that were to occur, even traditionally profitable Asian carriers
        60 words
      • Article
        Lock icon Govt to release smaller supply of residential land in H1 2012
        56 9 THE government will release a slightly smaller supply of residen- tial land in the first half of 2012. But industry players feared that it would still be too much, given the latest cooling measures and the substantial supply of
        56 words
      • Article, Illustration
        Lock icon Stocks fall, sales stall as new normal kicks in
        118 9 BANK and property stocks tumbled on Thursday as investors reacted with shock to the latest round of measures to curb foreign and speculative buying in Singapore’sprivate propertymarket, potentially setting the stage for a period of uncertainty with implications for the economy.
        BLOOMBERG  -  118 words
      • Article
        Lock icon New terms may hit large collective sales
        70 9 THE latest measures unveiled by the government are expected to have major implications for developers buying residential land, especially involving collective sale sites. They will have to develop any residential sites they buy from Dec 8 and sell all the units in the
        70 words
      • Article
        Lock icon Move to review older workers’ CPF cuts still on
        55 9 COMPANIES, which are facing a dicey year ahead, may also have to tackle a new challenge on the cost front. The labour movement is showing no sign of easing up on its move to push back the cuts in Central Provident
        55 words
    • Article
      Lock icon NEXT WEEK Dec 12-16, 2011
      80 9 US DATA Dec 13 Nov retail sales Oct business inventories Dec 14 Nov import/export prices Dec 15 Nov PPI SINGAPORE DATA Dec 15 Oct retail sales and food and beverage services indices Dec 16 Nov merchandise trade EVENTS Dec 12 Japanese Prime Minister Yoshihiko Noda
      80 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      307 9 CRYPTIC CROSSWORD Across 1 Proverbially it implies madness (3,2,5) 9 Sweet kid (4) 10 Hold up close to Cork (10) 11 Arch no different from the others (6) 12 Some rash German, perhaps (7) 15 Opposed to profits at outset (7) 16 Loveless sailor staggers round bars (5) 17 This
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    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      10 9 SATURDAY with Ludwig ‘Do you think it will sell out
      10 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon The straight shooter
      2117 10/11  -  Fosun CEO Liang Xinjun is not your run-of-the-mill swashbuckling China entrepreneur as Shu-Ching Jean Chen finds out Shu-Ching Jean Chen btnews@sph.com.sg NOT many private-run Chinese companies are as successful as the Fosun Group. With a presence in pharmaceuticals, private equity, real estate, retail, and media, it is
      FOSUN GROUP  -  2,117 words
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  • COMPANIES
    • Article
      Lock icon More exchangeable bonds from Temasek?
      432 12  -  More such deals seen likely given the strong reception for its second sale in two months By Siow Li Sen lisen@sph.com.sg Singapore THE enthusiastic reception for Temasek Holdings’ second exchangeable bond (EB) sale in two months is likely to lead to more such deals, as
      432 words
    • Article, Illustration
      Lock icon Fullerton launches fund for statutory boards, ministries
      379 12  -  By Siow Li Sen lisen@sph.com.sg Singapore FULLERTON Fund Management Company has launched an Asian balanced fund targeted at Singapore statutory boards and government ministries and with a return of 3 per cent plus the 12-month wholesale interest rate. The fund company, wholly owned
      379 words
    • Article
      Lock icon Investors dig into global funds for fifth straight week
      292 12 Bloomberg Singapore INVESTORS withdrew US$1.2 billion from global funds in the week to Dec 7, the fifth consecutive week of net sales, while money flowed into emergingmarket funds for the first time in four weeks, Citigroup Inc said, citing data from
      Bloomberg  -  292 words
    • Article
      Lock icon Tiger Air’s Nov passenger volume down 13%
      261 12  -  By Joyce Hooi joyceh@sph.com.sg Singapore TIGER Airways’ passenger volume for November fell 13 per cent from a year ago, as Tiger Airways Australia continued operating at reduced capacity and on a limited schedule. The budget airline carried 402,000 passengers last month, down from
      261 words
    • Article
      Lock icon More acquisitions seen for A-Reit
      375 13  -  Trust still in comfortable debt position after latest purchase of two properties, say analysts By Jamie Lee leejamie@sph.com.sg Singapore ASCENDAS Real Estate Investment Trust (A-Reit) is poised to hunt for further acquisitions given its comfortable debt position, analysts said yesterday. Their comments came after A-Reit
      375 words
    • Article
      Lock icon Wilmar beats China firm to bagging Aussie sugar mill
      305 13 Bloomberg Tokyo WILMAR International, the world’s largest palm oil processor, obtained a majority of creditor votes for its A$120 million (S$158.5 million) purchase of Proserpine Sugar Mill, beating an approach from China’s Cofco. The creditors of the Australian mill yesterday approved
      Bloomberg  -  305 words
    • Article
      Lock icon F&N buys Kensington property in £42m deal
      334 14  -  It will acquire Queensgate Gardens, which owns the serviced residence property, and 39 QGG, to which the property is leased By Felda Chay feldac@sph.com.sg Singapore FRASER and Neave (F&N) is forking out £42 million (S$85 million) to gain ownership of a serviced residence
      334 words
    • Article
      Lock icon Heineken, APB chase wider profit margin in China
      488 14 Bloomberg Singapore HEINEKEN NV, theworld’s third-biggest brewer by volume, and partner Asia Pacific Breweries Ltd (APB) plan to boost profitability in China by focusing onpremium beerin theworld’s fastest-growing major economy. Premium beer is 10 times more profitable than mass market tipple prompting
      Bloomberg  -  488 words
    • Article, Illustration
      Lock icon Emerging-market shares seen surging next year
      460 14 Bloomberg Hong Kong EMERGING-market stocks will outperform those of developed nations next year as monetary policy becomes more “accommodative”, according to Fidelity Worldwide Investment. Separately, Citigroup Inc said that developing shares may advance about 28 per cent by the end of 2012. “We believe
      Bloomberg; AFP  -  460 words
    • Article, Illustration
      Lock icon Euro gridlock, property moves weigh on stocks
      586 15  -  stocks R Sivanithy sivan@sph.com.sg Senior correspondent OVER the course of the week, the Straits Times Index (STI) fell 80 points or 2.8 per cent to 2,694.60, weakening on four of the five days. Wednesday was the exception when traders either covered their short
      586 words
    • Article
      Lock icon TOP GAINERS
      59 15 BY CENTS CLOSE UP DBXT AUD Bonds 5AU$ ***** 131.0 0.6 DBXT S&P Short 10US$ 4238 97.5 1.8 Hyflux 6% CPS 10 ***** 20.0 0.2 Asia Pac Brew 2660 10.0 0.4 DBS BP ePW*****2 44.5 7.5 20.3 CerebosPac 480 7.0 1.5 UOB 1536 6.0 0.4 JSH 3028 5.2
      59 words
    • Article
      Lock icon TOP LOSERS
      62 15 BY CENTS CLOSEDOWN DBXT Nifty 10US$ 9458 -797.1 -6.1 IS S&P500 ***** -439.5 -2.7 GLD 10US$ ***** -336.8 -1.5 DBXT MSKorea 10US$ 5264 -258.8 -3.6 DBXT E50 10US$ 3413 -225.0 -4.8 DBXT SPASX200 10US$ 3136 -182.0 -4.3 DBXT MSEurope 10US$ 3990 -156.0 -2.9 JMH 4891 -141.7 -2.2 DBXT
      62 words
    • Article
      Lock icon Baring sees good showing by Indonesian, Thai stock markets
      589 15 Reuters Kuala Lumpur BARING Asset Management expects the Indonesian and Thai stock markets to deliver a good performance in 2012, citing resilient domestic economies that should weather an external slowdown, in Thailand’s case helped by post-flood rebuilding. Europe’s debt problems will
      Reuters  -  589 words
    • Article
      Lock icon TOP 20 ACTIVES
      110 15 VOL CLOSE GoldenAgri 38,408 71 0.5 0.7 NobleGrp 34,280 118 -2.5 -2.1 GentingSP 28,613 152 -1.5 -1.0 GMGGlobal 26,937 11.9 -0.3 -2.5 CapitaLand 25,311 235 -7.0 -2.9 HPHTrustUS$ 19,513 62 -1.3 -1.6 ThaiBeverage 19,036 25 0.0 0.0 SingTel 16,563 313 -1.0 -0.3 SkyOne 12,575 10.7 0.0 0.0
      110 words
    • Article
      Lock icon STI STOCKS
      112 15 Stock name Close Change CapMallsAsia 1.220 -0.060 CapitaLand 2.350 -0.070 CapitaMall 1.690 -0.035 CityDev 9.000 -0.180 ComfortDelGro 1.420 -0.025 DBS Grp 12.080 -0.220 F&N 5.930 -0.130 GLP 1.720 -0.055 Genting SP 1.520 -0.015 Golden Agri 0.710 +0.005 HK Land 4.720 -0.100 JMH 48.910 -1.090 JSH 30.280 +0.040 Jardine
      112 words
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      672 13 B6AT3 NOTICES IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Summons No. 1031 of 2011/C In the Matter of Beyonics Technology Limited (Registration No. *****8168G) And In the Matter of Section 210 of the Companies Act, Chapter 50 SCHEME OF ARRANGEMENT under Section 210 of the Companies Act,
      672 words
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      Lock icon Page 15 Advertisements Column 1
      36 15 BEDSORES? SLEEP ON WATER! A waterbed means better blood circulation when you sleep making bedsores a thing of the past. FANTASY WATERBEDS SLEEP CENTRE #01-15/16 The Furniture Mall (The Plaza) 7500D Beach Road Tel: 6469-1381 www.fantasywaterbeds.com
      36 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Collaboration the key to success
      702 16  -  from the desk of This new hub of collaboration is poised to have a dramatic impact on the overall engineering design cycle and workflow Umasankar Pingali Regional director for business development, element14, Asia-Pacific ORGANISATIONSneed to look strategically at how they can focus closely on the
      702 words
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  • SINGAPORE
    • Article
      Lock icon Maker of infant formula to set up plant here
      372 17  -  Mead Johnson Nutrition expects to create about 100 manufacturing jobs By Lynn Kan lynnkan@sph.com.sg SINGAPORE may be short of babies, but Mead Johnson Nutrition (MJN), the maker of infant formula Enfalac, is still splashing US$325 million on a plant here. The
      372 words
    • Article, Illustration
      Lock icon A section of Upper Paya Lebar Road to be widened
      367 17  -  By Mindy Tan tanmindy@sph.com.sg COMMUTERS travelling on Upper Paya Lebar Road between Upper Serangoon Road and Bartley Road can expect a smoother commute come 2014. A 1.3 km stretch of Upper Paya Lebar Road will be widened by an additional
      367 words
    • Article, Illustration
      Lock icon SingHealth chief retires, his deputy to take over
      388 17  -  Related management reshuffle to also take place on Jan 22 By Sherman Tan tsherman@sph.com.sg SINGHEALTH group chief executive Tan Ser Kiat, 66, will be retiring next year, after 40 years in public service and more than a decade of leading the biggest
      388 words
    • Article
      Lock icon Barclays sees 3% GDP growth for next year
      364 18  -  First half likely to be slow, followed by a rebound in the second half By Emilyn Yap emilyny@sph.com.sg SINGAPORE could manage GDP growth of 3 per cent next year, with a slow first half but a pick-up in the second, says Barclays
      364 words
    • Article, Illustration
      Lock icon Hong Leong spreads Xmas cheer
      315 18  -  By Arthur Lee arthurl@sph.com.sg FOR over 30 years, the Hong Leong Foundation has kept up with its philanthropic and corporate social responsibilities. And despite global economic uncertainties, the foundation continues with the legacy of the founder of the Hong Leong Group of Companies, the late
      ARTHUR LEE  -  315 words
    • Article
      Lock icon Social enterprises to get govt boost
      346 18  -  By Tam Yu Ling tamyl@sph.com.sg PROMISING social enterprises will from next month get additional funding to support their expansion plans from the ComCare Enterprises Fund (CEF). Minister of State for Community Development, Youth and Sports Halimah Yacob yesterday announced the broadening of the scope
      346 words
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      66 18 asiaSoa Asia's leading Luxury Spa Wellness Publication spa style senses THE DESIGN «r ISSUE TOP 10 SPA DESIGNERS fll. 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 your
      66 words
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  • WORLD
    • Article
      Lock icon Trade deficit shrinks further in Oct
      435 19 Americans bought fewer foreign cars and imported less oil, cutting deficit by 1.6% latest us data AP Washington THE US trade deficit narrowed in October to its lowest point of the year as Americans bought fewer foreign cars and imported less oil. Exports of
      AP  -  435 words
    • Article, Illustration
      Lock icon EU banks must raise 114.7b euros in fresh capital, says EBA
      592 19 Bloomberg London EUROPEAN Union (EU) banks must raise 114.7 billion euros (S$199 billion) in fresh capital as part of measures introduced to respond to the euro area’s sover-eign-debt crisis. German banks need to raise an additional 13.1 billion euros,
      Bloomberg; AFP  -  592 words
    • Briefing
      • Article
        Lock icon Japan’s Q3 growth less than initial estimate
        106 19 AFP Tokyo JAPAN’S economy has grown less in the third quarter than an initial estimate, dented by the strong yen and fears that the eurozone crisis would weigh on a fragile post-quake recovery. The Cabinet Office said yesterday that the economy grew by
        AFP  -  106 words
      • Article
        Lock icon M’sia Oct exports surge to a record RM63.6b
        95 19 Bloomberg Kuala Lumpur MALAYSIA’S exports grew faster than economists had estimated in October as sales of commodities and energy products surged, a pace that may ease as the threat of a global recession curbs demand in coming months. Overseas shipments climbed 15.8
        Bloomberg  -  95 words
      • Article
        Lock icon Tibetan Buddhism leader charged in India
        81 19 NYT New Delhi INDIAN police have filed criminal charges against one of Tibetan Buddhism’s most important figures in connection with more than US$1 million in cash discovered this year at his headquarters in the foothills of the Himalayas. The 17th Karmapa is facing charges
        NYT  -  81 words
    • Article
      Lock icon The art of reversing a reverse merger
      537 20 Advice will be given at Guangzhou event by group which first helped Chinese firms make backdoor listings in US Reuters New York THE group that helped pioneer backdoor US-listings for Chinese companies has a new business proposition for its former clients advising on
      Reuters  -  537 words
    • Article, Illustration
      Lock icon SP Setia’s full-year earnings jump 30%
      545 20  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur SP SETIA has registered a 30 per cent increase in net profit to RM328 million (S$135 million) for the year to end-October amid property sales of a 10th more than the company had projected. Revenue for the year
      SP SETIA  -  545 words
    • Article, Illustration
      Lock icon HK must be ready with fiscal stimulus, says IMF
      477 21 Bloomberg Hong Kong HONG KONG must be ready to provide “significant and ate”fiscalstimulusshouldaworsening European debt crisis threaten to drive the city into recession, according to the International Monetary Fund (IMF). The Chinese city could cut taxes, provide subsidies to the poor
      Bloomberg; BLOOMBERG  -  477 words
    • Article
      Lock icon Japan MPs okay four nuke deals
      354 21  -  By Anthony Rowley btworld@sph.com.sg Tokyo IN a move signalling Japan’s intention to go ahead with the sales of nuclear power plants despite the Fukushima disaster, its Parliament yesterday approved bilateral nuclear cooperation agreements with South Korea, Vietnam, Russia and Jordan. The move was approved
      354 words
    • Article
      Lock icon Slimmer pickings in HK new listings market
      726 21 The number of underwriters vying for fees hits new high as competition grows Bloomberg Hong Kong HONG Kong’s market for initial public offerings (IPOs) is becoming less profitable for investment banks as a record number of underwriters vie for fees. IPOs that raised
      Bloomberg  -  726 words
    • Article
      Lock icon Asian firms seek markets outside eurozone
      556 22 More regional trade and links with other emerging economies will benefit Asia: analysts AFP Singapore AS European leaders battle to save the euro, some Asian companies are already hunting out new markets around the globe in the face of declining orders from the troubled
      AFP  -  556 words
    • Article, Illustration
      Lock icon Menswear in China is the next big thing for luxury giants
      588 22 Reuters Paris BUOYANT demand for luxury menswear, driven by China’s male-domi-nated market, has prompted big industry players such as LVMH and PPR to step up their investments in the fast-growing market. Consultancy Bain Co estimates that the luxury menswear
      Reuters  -  588 words
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  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      72 22 RECRUIT Check out these positions and five hundred more in CATS Recruit Executive Appointments in The Straits Times now! Marina Mandarin Singapore by Meritus is recruiting a Director of Sales and Marketing Ministry of Law has a vacancy for Senior Executive of Planning and Performance G/C is recruiting an HR
      72 words
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  • SGX
    • Article
      Lock icon SGX CATALIST
      9571 26 Transaction date: Dec 9 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 11.6 8Telecom 15.5 10.6 14.5 7.8 3.9 3.2 74.2 9.5 4.1 A-Sonic 4.6 4.6 5 2.8 1.7 32.9 65 48.5
      9,571 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 10 2 0 0 0 2 10 2 Manufacturing 12 69 40 2 10 7 14 79 47 Commerce 16 23 8 3 2 2 19 25 10 Tpt/Stor/Comms 6 21 10
      186 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      838 26 For week beginning Dec 5 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Swing Media Tech 8-Dec-11 Hui Yan Moon Buy 700 na 2410 0.67 3110 0.87 Swing Media Tech
      838 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,855 14,855 54,688 54,688 Manufacturing 128,883 7,037 135,920 140,047 356 140,403 Commerce 68,575 2,672 71,247 113,321 303 113,624 Tpt/Stor/Comms 78,633 15,998 94,631 119,192 1,780 120,972 Finance 19,016 20 19,036 186,020 4 186,024 Construction 20,116 2,925
      123 words
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  • MARKETS
    • Article
      Lock icon LIFFE
      82 27 Dec 8 COCOA (£/tonne) Close Prev High/Low Dec 11 1317 1334 1337/1294 Mar 12 1369 1383 1389/1347 May 12 1385 1400 1404/1366 Jul 12 1403 1417 1421/1385 COFFEE (US$/tonne) Close Prev High/Low Jan 12 1910 1953 1974/1901 Mar 12 1947 1990 2010/1940 May 12 1976 2017 2035/1970 Jul 12
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    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      114 27 As on 8 December 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METALS GOLD FUT FEB2012 1759.50 1713.70 1713.50 52 CURRENCY AUD-USD FUT DEC2011 1.0307 1.0237 1.0153 1894 EUR-USD FUT DEC2011 1.3459 1.3290 1.3316 5182 USD-JPY FUT DEC2011 77.77 77.19 77.73 1502 BASE METAL
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    • Article
      Lock icon METALS
      69 27 Dec 9 GOLD (US$/oz) Dec 08 Dec 09 Hong Kong 1745.*****5.20 Dec 07 Dec 08 London 1729.*****6.59 1730.*****7.60 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 41.60 40.92 Source: UOB PLATINUM Lon (US$/oz) Dec 08 Close Previous PM Fix 1517.*****8.00 AM Fix 1517.*****1.00 Source: Thomson Reuters PLATINUM NYMEX
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    • Article
      Lock icon PALM OIL
      57 27 Dec 9 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 11 3060.0 3050.0 3065.0 3050.0 119 1298 Jan 12 3088.0 3083.0 3091.0 3065.0 958 8020 Feb 12 3090.0 3084.0 3097.0 3063.0 7959 ***** Mar 12 3091.0 3086.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      77 27 Dec 9 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 103.00 5-Year N*****0W 1.125 01.04.2016 101.96 10-Year NX*****X 2.250 01.06.2021
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 Dec 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3099 1.3108 1.0074 1.0079 Canadian dollar 1.2680 1.2689 0.9751 0.9757 Euro 1.7300 1.7304 1.3305 1.3306 NZ dollar 0.9950 0.9957 0.7652 0.7656 Sterling pound 2.0282 2.0292 1.5598 1.5603
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    • Article
      Lock icon CHICAGO BOT
      93 27 Dec 8 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jan 12 1132.*****1.*****6.*****1.00 Mar 12 1142.*****1.*****6.*****0.75 May 12 1152.*****1.*****6.*****1.00 Jul 12 1162.*****1.*****5.*****1.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low Dec 11 50.20 50.24 50.21 49.70 Jan 12 50.45 50.48 50.54 49.80 Mar 12 50.88 50.91 50.96
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    • Article
      Lock icon OIL
      75 27 Dec 8 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 108.14 -1.86 WTI (Near Mth) 98.55 -1.86 Dubai (1-Mth F) 107.24 -0.21 Tapis blend 117.36 -0.46 Minas 114.76 -0.46 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 99.72 -0.72 Jet Kerosene 125.73 -1.32 US$/barrel Opec Oil Basket Price
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Dec 8 Index Change Change Change Change Change Change World Preliminary 824.1 -1.4 -8.2 -0.7 -6.8 -1.6 -7.9 ‡EAFE Preliminary 681.4 -1.3 -14.9 -0.7 -13.2 -1.5 -14.2 Europe Preliminary 1007.5 -1.6 -13.8
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 27 Dec 09 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.348 1.284 Can dollar 1.289 1.24 Euro 1.759 1.692 Sterling pound 2.061 1.982 NZ dollar 1.029 0.98 US dollar 1.313 1.263 Local dollars to 100 units of foreign currency: Currencies Sell
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    • Article
      Lock icon LONDON METALS
      69 27 Dec 8 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2060.75 2070.25 3 months 2065.00 2078.00 Copper, Grade A (US$/tonne) Cash 7685.50 7793.00 3 months 7710.00 7820.00 Lead (US$/tonne) Cash 2084.75 2128.75 3 months 2103.00 2148.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • Article, Illustration
      Lock icon STOCK MARKETS
      88 27 YTD change:-15.53% 52-week high: 3,280.77 on Jan 7,2011 52-week low: 2,521.95 on Oct 5,2011 Source: Bloomberg YTD change:-19.32% 52-week high: 24,468.60 on Apr 8,2011 52-week low: 16,170.30 on Oct 4,2011 Source: Bloomberg YTD change:-17.55% 52-week high: 3,067.46 on Apr 18,2011 52-week low: 2,302.64 on Dec 8,2011 Source: Bloomberg
      Source: Bloomberg  -  88 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon A different take on latest property curbs
      1588 28 / 29  -  Let’s have more carrots for Singaporeans instead of wielding the stick on foreign buyers. By Ku Swee Yong ~The writer is CEO of International Property Advisor Pte Ltd and author of the book: “Real Estate Riches Understanding Singapore’s property market in a volatile
      ALPHONSUS CHERN/THE STRAITS TIMES  -  1,588 words
    • Article
      Lock icon Equality through employment is key
      873 28 / 29  -  By Andrés Velasco Santiago ~The writer is a former finance minister of Chile, is a visiting professor at Columbia University for 2011-2012. ‘DO YOU feel it trickle down?”asktheprotesters occupying Wall Street and parts of financial districts from London to San Francisco. They are not alone
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon The shape of things to come in 2012
        1764 30 / 31  -  After a year of disasters, there could be a bumpy ride ahead. But conditions are likely to improve as US and European monetary authorities step up to the plate Shane Oliver AMP Capital Investors ~The writer is head of investment strategy and
        PHOTO: REUTERS  -  1,764 words
      • BROKERS` TAKE
        • Article
          Lock icon ComfortDelGro Corporation
          335 30 / 31 BUY Dec 9 close: $1.42 Kim Eng Research, Dec 9 FOLLOWING ComfortDelgro’s revision of its taxi fare structure early this week, we caught up with its management on Thursday. While the fare changes should go some way towards helping taxi drivers cope with the rising costs, particularly diesel
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        • Article
          Lock icon Ascendas Reit
          357 30 / 31  -  Compiled by LYNN KAN HOLD Dec 9 close: $1.905 DBS Group Research, Dec 9 ASCENDAS Reit (A-Reit) announced the acquisition of two buildings in Singapore 2 Corporation Place ($99 million, $189 per square foot gross floor area) and 3 Changi Business Park Vista ($80 million, $482 per square
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      • Article, Illustration
        Lock icon Latin America: the land of opportunities and pitfalls
        1173 32  -  Economies are now stronger, but carry some risks. By Paul Sullivan NYT I SPENT the late 1990s and early 2000s reporting on the financial crises in Latin America, when Argentina, overwhelmed by foreign debts, defaulted and Brazil narrowly avoided the same fate.
        NYT; AFP  -  1,173 words
      • Article, Illustration
        Lock icon Different stocks for different market cycles
        1190 33  -  show me the money| Teh Hooi Ling hooiling@sph.com.sg Senior correspondent A FRIEND texted me a few weeks back. “You should do a study on which stocks outperformed the market during the last recession,” he said. For example in the US, Wal-Mart absolutely trumped the
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    • WEALTH REAL ESTATE
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  • Page 32 Advertisements
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      29 32 Over 1 20,000 downloads! 913FM Skve/TUis.. "L m 91.3FM Get your fl"GG iPhone/iPad app now! •as of 17th Oct 2011 91.3FM TODAY'S BEST MUSIC Available on the App Store
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  • Page 36 Advertisements
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      26 36 Published and printed by Singapore Press Holdings Limited. Co. Regn. No. *****2868E. A member of Audit Bureau of Circulations Singapore. Customer Service (Circulation): 6388-3838, circs@sph.com.sg, Fax
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  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      62 1 CHRISTMAS Giving their best L4-6 HOME GARDEN Home in on gifts L10-12 LivingTHEBUSINESSTIMESWEEKEND|DECEMBER10-*****1BTTHE BUSINESS TIMES WEEKEND DECEMBER 10-11 2011 SCINTILLATING SHOWCASE Local cuisine is making a splash overseas PHOTO: TERRENCE MCCARTHY/THE CULINARY INSTITUTE OF AMERICA GADGETS Even she will love them L13 GOLF The physical and mental sides of golf
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon Scintillating showcase
        1662 2 / 3  -  Singaporean chefs are making waves overseas with innovative interpretations of local cuisine. By Jaime Ee jaime@sph.com.sg IN THE heart of California’s wine country, the stone castle-like campus of the Culinary Institute of America (CIA) in Napa Valley is sorely lacking in central heating. But despite the nippy early
        1,662 words
      • Article, Illustration
        Lock icon Adding to the flavours
        982 7  -  Two new restaurants are kicking dining up a notch by throwing in lifestyle elements with their ventures one mixes food with a full spread of entertainment, while the other melds food with fashion. By Natalie Koh natksl@sph.com.sg An all-in-one experience Aquanova Bar Restaurant BLK C, #01-03
        982 words
    • CHRISTMAS
      • Article, Illustration
        Lock icon Giving their best
        1413 4 / 5  -  What do chefs give and receive for Christmas? We ask around, while also getting their advice on gift ideas for your favourite foodie. By Jaime Ee Ryan Clift, Tippling Club ‘A voucher for a bookstore that stocks a good range of quality cookbooks would be good. This
        FILE PHOTO  -  1,413 words
    • Article, Illustration
      Lock icon Timeless classics reimagined
      514 8 This festive season, a Breitling watch is a great buy for your loved ones special feature WATCHES often make great gifts because they represent the special moments in your life. It is an imagery that Swiss watch brand Breitling knows very well as can be seen from
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    • HOME & GARDEN
      • Article, Illustration
        Lock icon Home in on gifts
        1781 10/11  -  Stir the heart, ignite the senses and blow your loved ones away with thoughtful presents they will cherish till the next Yuletide. By Melissa Lwee-Ramsay mellwee@sph.com.sg Rapt in gorgeous packaging Colin Seah (above, right), creative director of Ministry of Design “My wife and I enjoy shopping
        PHOTO OF LOUIS VUITTON CITY GUIDE SERIES: PHILIPPE JUMIN; VIRGILE SIMON BERTRAND  -  1,781 words
    • GADGETS
      • Article, Illustration
        Lock icon Even she will love them
        646 13  -  Gadget shopping for women isn’t difficult when you’ve got products that are beautiful or extremely useful. Christopher Lim rounds up some good candidates for the Christmas season Christopher Lim HP Envy 110 printer ($440) PRINTERS have a reputation for being the least sexy gadgets around
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    • HEALTH
      • Article, Illustration
        Lock icon Combining comfort and efficiency
        505 14  -  Philips Healthcare’s chief design officer explains his ideas for the hospital of the future. By Cheah Ui-Hoon TWO things we know for a fact. One is that technology is changing our living patterns. The second is that as the population gets older, hospitals will have to
        505 words
      • Article, Illustration
        Lock icon Healing spaces
        363 14  -  By Cheah Ui-Hoon uihoon@sph.com.sg PHILIPS opened a dedicated facility at its Eindhoven-based Research Laboratories a few months ago to look at how environments can be improved to help patient care in hospitals. So far they are testing three research concepts, says Professor Evert van Loenen, principal scientist at
        363 words
      • Article, Illustration
        Lock icon When tests test patients
        1315 15  -  Just because your heart condition turns out very different from what non-invasive tests suggest, it is not because your doctor did not do his best. By Michael Lim ~The writer is medical director and senior consultant cardiologist at Singapore Heart, Stroke and Cancer Centre. He is
        STOCK.XCHNG  -  1,315 words
    • SPORT
      • Article, Illustration
        Lock icon Barcelona coach looks to 13th trophy
        668 16  -  But before heading to play in the Club World Cup, Guardiola has to contend with arch-rival Real Madrid first no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor THE number 13 may be unlucky to most, but for Barcelona coach Pep Guardiola, it would
        AFP  -  668 words
      • Article
        Lock icon McIlroy’s talent not up to Tiger’s legend
        664 16  -  tee off with christy simson ‘TIGER Woods’ work ethic has always been tremendous, and his mindset as well. But I think Rory McIlroy has more pure talent. I have always said that, of the guys I have played with, Rory has the most
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    • GOLF
      • Article, Illustration
        Lock icon The physical and mental sides of golf
        1222 17  -  There are devices and programmes to maximise performance and speed up recovery time. By Justine Moss FOR a professional golfer (and to some extent the serious and proactive amateur golfer), the physical and mental demands of the game can be gruelling, and can
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    • MOTORING
      • Article, Illustration
        Lock icon SMALL WONDER
        503 18  -  The BMW 528i balances the aim of high fuel economy and low emissions with enough oomph for a satisfying drive. By Samuel Ee samuelee@sph.com.sg THE Germans’ technological prowess in downsizing engines while upsizing performance seems to know no bounds, with the latest small wonder being the BMW 528i.
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      • Article, Illustration
        Lock icon Top of the Three
        921 19  -  The new BMW 3 Series is probably the best Three ever, but it won’t make it in time for Christmas. By CY Chew btnews@sph.com.sg CHRISTMAS is around the corner and BMW has decided to unveil its sixth-generation 3 Series just in time to compel all those
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      • Article, Illustration
        Lock icon New Mazda magic
        560 20  -  The Japanese car maker unveils 2 models with its latest Skyactiv Technology and Kodo design philosophy. By Samuel Ee samuelee@sph.com.sg THE new Mazda CX-5 will arrive here in the second quarter of next year as the Japanese car maker’s first model to feature both its latest Skyactiv
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      1081 7 wine&dine with BTWeekend Bar on 5 Level 5, Mandarin Orchard Singapore, 333 Orchard Road Z6831 6288 Bar on 5 is the ideal place to chill out and unwind after a hard day’s work. Located five floors above Orchard Road, it provides a fabulous view of the shopping belt. The beverage
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      82 9 One heart Three legends m r» c ST T ■;i 2D 20 *V3? 3 I #5? »>«» iliggil 8 <5? *x x NAVITIMER CHRONOMAT TRANSOCEAN With its Manufacture Caliber 01, Breitling has created the most reliable, accurate and top-performance of all selfwinding chronograph movements entirely produced in its own workshops
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