The Business Times, 12 December 2011

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Total Pages: 33
1 34 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Monday, December 12,
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  • 722 1  -  Buoyed by private banking deposits, they are benefiting from European banks’ retreat By SIOW LI SEN [SINGAPORE] The private bank business has always been a gold mine, but never more so than in today’s tight liquidity environment with the US dollar still
    722 words
  • 501 1 Trade surplus not intentional, he says on China’s 10th WTO anniversary AFP [BEIJING] Chinese President Hu Jintao pledged yesterday to resolve trade imbalances with nations that have huge deficits with the Asian powerhouse, as China marked the 10th anniversary of its accession to the
    AFP  -  501 words
  • Page 1 Advertisements
    • 95 1 BizIT Nokia to stay connected locally for smartphones PAGE 33 DINING OUT Asian touches to western menu PAGE 27 Be connected. Feel the energy of a billion ways to interact with the world around you. Far East 1 1 t 4 I Space Evolves MM Your SOHO lifestyle begins here.
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    • 196 1 ECONOMY WATCH Weighing the cost of eurozone collapse PAGE 17 *****1 *****4 LIVE FOR GREATNESS EVERY ROLEX IS MADE FOR GREATNESS. THE YACHf-MASTER II f f R (fly NAL SAILORS. HAS BEEN DESIGNED TO MEET THE NEEDS OF PROFESSIO IT IS THE WORLD'S FIRST COMPLICATION BUILT WITH A PATENTE6 PROGRAMMABLE
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    • 7 1 ISKANDAR MALAYSIA Investments beat target PAGE 2
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  • TOP STORIES
    • 606 2 Local banks step into US$ trade finance breach THE private bank business has always been a goldmine, but never more so than in today’s tight liquidity environment with the US dollar still the lifeblood of global trade. For the local banks DBS, OCBC and United Overseas Bank and
      606 words
    • 765 2  -  Key announcements to come after he meets PM Lee Hsien Loong next month By MALMINDERJIT SINGH in Nusajaya, Malaysia MALAYSIAN Prime Minister Najib Razak yesterday announced that the cumulative committed investment into Iskandar Malaysia has reached RM77.8 billion (S$31.9 billion), surpassing its initial five-year
      TED CHEN/THE STRAITS TIMES  -  765 words
    • 886 3  -  Focus drawn to US corporate profits, Fed’s rate meeting WALL STREET INSIGHT By ROB CURRAN THE European Union likely saved Christmas, but whether it saved the euro and the world economy remains to be seen. The US stock market may also see its
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    • 886 3  -  Target market has active off-market crossing, strong institutional base By JAMIE LEE [SINGAPORE] Chi-East, the dark pool operator that is a joint venture between the Singapore Exchange and Chi-X Global, plans to expand into Australia early next year to tap a market
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    • 536 3  -  Slower weekend but home sales continue to trickle in at mass, mid-market projects By UMA SHANKARI [SINGAPORE] It was a markedly slower weekend, but sales continued to trickle in at showflats of mass and mid-market residential projects at the first weekend since
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    • 158 3 BT ONLINE BT print subscribers get free access to BT Online at www.businesstimes.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. MARKETS Weekly Change ST INDEX 2,694.60 -78.76 KL COMP 1,460.13 -28.89 NIKKEI 225 8,536.46 -107.29 HANG SENG 18,586.23 -454.16 SET INDEX 1,034.00 +4.63 JAKARTA COMP 3,759.61 -20.23
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  • Page 4 Advertisements
    • 442 4 Technology that advances luxury Audi connectre o The future of networked mobility connectionctMake theInformationavigationht Information, entertainment,–intuitively navigation intuitivelyife. brought to life. Audi connect incr The world is becoming increasingly interconnected. So is Audi. New optionst entertainment and driver assistance systems make today’histicated and comfortable the world has state-of-the-art technolAudi A1
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  • Page 5 Advertisements
    • 360 5 Technology that advances luxury Audi e-tron The future of electric mobility newAt Audi e-trone Electric mobility is the future of the automobile industry and offers moreion-free motoring. Global trends like urbanisation, dwindchanging the face of automotive locomoeuirements. More thaboun than just emission-free motoring. Global trends like urbanisation, dwindlingustainability are changing
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  • Page 6 Advertisements
    • 556 6 Technology that advances luxury Audi ultra The future of automotive lightweight construction furtherLight goesAudi ultra lightweistruction technThe A Audi lightweighttion technoloiR construction technologyLe Mans.The Audi R18TD Lost weight, won Le Mans.The Audi R18TDI. Audi ultra More stringent safety requirements. More extensive equipment. Larger cars.hy new cars tend to be heavier
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  • COMPANY NEWS
    • 568 7  -  Available now for iPhone and iPad; BlackBerry, Android versions coming soon By CONRAD TAN FROM today, United Overseas Bank (UOB) customers will be able to send cash to anyone in Singapore with a mobile phone. The recipient can then withdraw it at the bank’s ATMs
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    • 398 7  -  By LYNETTE KHOO CACOLA Furniture International said it had difficulties obtaining funds from its Chinese subsidiaries for its operating expenses outside of China due to government restrictions on the Chinese currency. This prompted the group to propose a share placement to raise $700,000 to
      398 words
    • 143 7 COMPANY MEETING PLACE DATE TIME Unified Comm E Holiday Inn Atrium, 317 Outram Road, Kallang Room, Level 4, Singapore *****5 14-Dec 2.00pm Viking Offshore E 21 Kian Teck Road, Singapore *****3 15-Dec 10.00am Latitude Tree Intl E Orchard Room, Raffles City Convention Centre, Level 4, 80 Bras Basah
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    • 403 7 Dec 9 BANKS Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banco Bilbao Vizcaya Argentaria, S.A. 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China Limited 5.5 Bank of Communications 5.5 Bank of
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    • 975 9 The smaller and mid-sized banks are likely to be the worst-hit Reuters [HONG KONG] Pressure is building on Hong Kong banks to rein in lending and tuck away excess cash in a move prompted in part by European lenders retreating from the
      Reuters; AFP  -  975 words
    • 381 9  -  By WEI GU REUTERS BREAKINGVIEWS The author is a Reuters Breakingviews columnist. The opinions expressed are her own [HONG KONG] Hong Kong is set to cede the IPO crown back to New York. Deal flows from China are strong and global
      REUTERS  -  381 words
  • Page 7 Advertisements
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  • SINGAPORE MARKETS
    • 698 8  -  STOCKS R SIVANITHY Senior Correspondent IN HIS excellent “Charades only make the final reckoning more painful” column, Bloomberg’s Jonathan Weil last Thursday likened Europe’s sovereign debt crisis to a never-ending comedy that produces nothing but futile gestures from its political leaders one day, it’s “firewalls”,
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    • 569 8 COMMODITIES AFP [LONDON] Commodity prices mostly fell last week in volatile deals as traders digested an EU summit that had been aimed at resolving the eurozone sovereign debt crisis once and for all. European Union leaders banded together at a Brussels summit on Friday
      AFP  -  569 words
    • 1665 8 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 2 9.35 10.21 1.33 0.95 Amtek Engg Ltd 2.60 2.00 5 0.08 5.61 0.82 0.60 ARA Asset Mgt Ltd 1.71
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    • 571 8 CURRENCIES Bloomberg [SEOUL] India’s rupee and South Korea’s won led declines in Asian currencies last week on signs that the European debt crisis is starting to slow regional economic growth. The MSCI Asia-Pacific Index of stocks dropped the most in a month
      Bloomberg  -  571 words
    • 4 8 WEEKLY
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    • 65 8 Dec 9 VALUE CLOSE BT OB/OS -58.00 -33.00 BT CADI -*****.00-191.00 BT 10-day MA -*****.00 -6.00 FTSE ST Mid Cap 592.87 -8.78 FTSE ST Small Cap 403.43 -4.87 FTSE ST All Share 645.76 -8.29 FTSE ST China Top 190.31 -2.81 FTSE ST China 224.72 -2.94 FTSE ST
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    • 61 8 VOLUME GMG R 401,382,000 Golden Agri 264,187,000 PSL Hldgs 240,365,000 Noble Grp 199,828,000 GMG Global 190,476,000 Genting SP 170,948,000 HPH Trust US$ 112,735,000 SingTel 99,040,000 CapitaLand 96,903,000 Thai Beverage 84,008,000 VALUE($) SingTel 311,087,054 Genting SP 263,473,015 DBS Grp 260,195,745 Noble Grp 242,288,550 CapitaLand 238,172,772 UOB 195,201,386 Golden
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    • 117 8 BY CENTS CLOSE UP Jardine C&C 4900 190.0 4.0 DBXT AUD Bonds 5AU$ ***** 182.1 0.8 Asia Pac Brew 2660 160.0 6.4 JSH 3028 143.0 3.8 DBXT MSJAP 10US$ 3503 140.4 3.2 DBXT S&P Short 10US$ 4238 68.9 1.3 Lyxor US DJIA 10 US$ 1226 57.2 3.7 JMH 4891
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    • 119 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ 9458-681.4 -5.2 GLD 10US$ *****-443.4 -2.0 DBXT MSKorea 10US$ 5264-347.2 -4.8 DBXT DBLCI-OY 5US$ 3791-269.2 -5.2 DBXT SPASX200 10US$ 3136-223.7 -5.2 OCBC Bk 5.1%NCPS 100 *****-219.0 -2.0 IS S&P500 *****-205.4 -1.3 OCBC Bk 4.5%NCPS 100 *****-199.0 -1.9 DBXT E50 10US$ 3413-152.1 -3.3
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    • 5 8 WEEKLY
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    • 170 10 DEC 9 BID PRICE VALUE WEEK-ON-WEEK CHANGE CDL Hospitality Trust 1.550 5.1 10,850 Singapore Shipping Corp 0.180 4.0 3,780 Poh Tiong Choon Logistic 0.400 3.9 11,600 Hotung Investment 0.126 3.3 8,946 Jaya Holdings 0.440 2.3 2,640 China Merchants (Pacific) 0.590 1.7 6,490 Rotary Engineering 0.585 0.9 9,360
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    • 164 10 DEC 9 BID PRICE VALUE WEEK-ON-WEEK CHANGE CSE Global 0.720 7.5 5,040 Best World 0.138 3.0 2,760 Pacific Shipping Trust 0.546 1.3 10,920 Mercator Lines 0.115 0.9 4,370 Rotary Engineering 0.585 0.9 9,360 Li Heng 0.122 0.8 2,440 Golden Agri-Resources 0.710 0.7 19,880 AIMS AMP I REIT
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    • 483 10  -  TEH HOOI LING Senior Correspondent THE European Union leaders’ agreement on a plan to toughen the region’s budget rules brought some confidence back to the market last Friday. The US and European markets ended higher. The positive sentiment could spill over
      483 words
    • 145 10 DEC 9 BID PRICE VALUE WEEK-ON-WEEK CHANGE Mirach Energy 0.115 22.3 11,500 China Auto Electronics 0.045 12.5 4,500 MoyaDayen 0.058 3.6 7,250 Sunshine 0.060 3.4 12,000 Sinostar 0.145 2.1 8,990 China Oilfield Tech 0.030 0.0 2,130 China Titanium 0.003 0.0 375 JEL 0.009 0.0 2,250 Synear Food
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    • 154 10 DEC 9 BID PRICE VALUE WEEK-ON-WEEK CHANGE Mercator Lines 0.115 0.9 4,370 Li Heng 0.122 0.8 2,440 Sakari Resources 2.030 0.5 10,150 China Taisan 0.091 -1.1 3,640 JES International 0.159 -1.2 8,268 CSC Holdings 0.091 -2.2 4,732 Swiber 0.535 -2.7 5,350 Dapai 0.034 -2.9 918 CWT 0.995
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    • 148 10 sentiment VALUE DEC 9 BID PRICE WEEK-ON-WEEK CHANGE Chemoil Energy 0.280 8.9 8,120 Hi-P 0.640 6.7 8,320 Sunvic Chemical 0.490 3.2 14,700 Dairy Farm 11.313 3.0 11,313 Macquarie Int'l Infrastr 0.555 0.9 7,770 Del Monte 0.445 0.0 4,450 Pan-United Corp 0.450 0.0 5,400 People's Food
      148 words
    • 164 10 DEC 9 BID PRICE VALUE WEEK-ON-WEEK CHANGE Auric Pacific 0.530 6.0 3,180 Hotung Investment 0.126 3.3 6,048 Fuxing China 0.065 3.2 3,380 China Merchants (Pacific) 0.590 1.7 6,490 Fortune Reit 0.590 1.7 7,670 Sunningdale Tech 0.096 1.1 4,800 Guocoleisure 0.595 0.8 5,950 Golden Agri-Resources 0.710 0.7 19,880
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    • 1761 10  -  INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Limited THE buying was flat while the selling among directors remained very low based on filings on the Singapore Exchange from Dec 5 to 9. Buyers outweighed sellers with
      1,761 words

  • Page 9 Advertisements
    • 243 9 WHAT WILL YOU DO ABOUT IT? >T ;T ■*> /i •m m BE EMPOWERED. There are opportunities in every market. The challenge is discovering where they are. Intelligent investors use Saxo's leading trading and advanced research tools to find them. Backed by our award-winning technology, products and services, Saxo gives
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  • Page 11 Advertisements
    • 235 11 A h PATEK PHILIPPE GENEVE Begin your own tradition. P> CD ft 2 =r on d- c aq tr Prd E 3 < L O P C\ "Ofcourse, the acoustics of all minute repeaters have to be tested. In ourfamily-owned watch company, the President does Every Patek Philippe wristwatch with
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  • SINGAPORE NEWS
    • 659 12  -  Many trading houses have closed their 2011 books; traders go on holiday By RONNIE LIM ’TWAS the fortnight before Christmas, and not a trader is stirring, oilmen here say. Since mid-November, oil trading activity here started winding down as many trading houses have
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    • 455 12 Payment Ex Books Pay Ann (cts) date close date date Action Asia aw 0.400 05-Dec 07-Dec 20-Dec 21-Nov Asia Pac Brew ak 63.000 25-Jan 27-Jan 13-Feb 11-Nov Asia Pac Brew bh 15.500 25-Jan 27-Jan 13-Feb 11-Nov Ausgroup ak 0.640 12-Dec 14-Dec 30-Dec 26-Aug Boustead aw 2.000 29-Nov 01-Dec
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    • 156 12  -  By ARTHUR LEE TOP executives of the Millennium Copthorne hotel chain singing last Friday at the launch of children’s concierge Ask Alfred. To give its new service a charitable twist, the hotel chain is channelling 10 per cent of proceeds to Touch Community
      ARTHUR LEE  -  156 words
    • 579 12  -  By NISHA RAMCHANDANI TICKETS for the 2012 Formula One Singapore Grand Prix (Sept 21-23) are being released earlier this time round, with sales kicking off today in hopes of locking in bookings from overseas spectators earlier. Some 65,000 general admission tickets go on
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  • Page 12 Advertisements
    • 184 12 UCLA PINUS m National University National University of Singapore UCLA NUS EXECUTIVE MBA RANKED TOP 10 EMBA GLOBALLY BY FINANCIAL TIMES 2011 These busy Global Leaders travel extensively yet are able to achieve Two World-Class MBAs in 15 Months. <— m Dr Maxim Mamin Russian Class of 2012 Senior Vice
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    • 281 12 Are You Struggling To Earn $8,000 A Month? Do You Want To Start A Profitable Business in Singapore and 16 Countries Worldwide? Professor Dr Timothy Stearns "GLOBAL ENTREPRENEUR Program is unique, with a strong emphasis on application. Following a PROVEN Step-by-Step road map is the fastest, smartest way to start
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    • 621 12 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF TPT MULTI-FLEX CIRCUITS PTE LTD (PROVISIONAL LIQUIDATORS APPOINTED) Company Registration No. *****0106G NOTICE OF MEETING OF CREDITORS Notice is hereby given that pursuant to Section 296 of the Companies Act Cap.50, a meeting of
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  • Page 13 Advertisements
    • 174 13 neKey Goes Live! ST Electronics congratulates Assurity Trusted Solutions Pte Ltd, a wholly owned subsidiary of Infocomm Development Authority, for the successful implementation of OneKey, an integral part of the National Authentication Framework (NAF). We are proud to be a partner in the design and implementation of the NAF offering
      174 words

  • ENTERPRISE 50
    • 722 14  -  By FELDA CHAY THE “Oscars” night for the small-and medi-um-sized enterprise (SME) sector here was a glitzy event made complete by the smiles of the delighted winning company chiefs and their cheering employees. The Enterprise 50 (E50) awards, held recently at the Raffles City Convention Centre,
      Photos by JOHN HENG  -  722 words


  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1444 16  -  Addressing some of the challenges in planning retirement, DIVYA MANDLOI, ROHIT SINGH and CLARISSA TURNER propose a potential solution through their Real Retirement Income Fund and PRI Fund calculator DIVYA MANDLOI, ROHIT SINGH CLARISSA TURNER The writers are MBA candidates at NUS Business
      ILLUSTRATION: LUDWIG ILIO  -  1,444 words
    • 1053 16  -  What started as a passion has turned into a thriving business for Puppy Love’s Kenny Mah, reports MINDY TAN STARTING YOUNG reports MINDY TAN YOU could say they started off as the underdogs. When Puppy Love, a dog training centre, first introduced the concept of positive reinforcement
      ARTHUR LEE  -  1,053 words
    • 364 16 Q: It looks like the economy is facing an imminent financial crisis. Is there anyway to protect the value of investment? ASK DR INVEST A: Be it in a good year or a challenging one, a diversified approach towards investments is probably the
      364 words
    • 273 16 ‘Spot the Index’ contest THINK you can forecast where the market’s headed? Then put your skills to the test and familiarise yourself with our local stock market index, the Straits Times Index (STI), now. Simply spot the weekly closing index rate and stand to win an Apple
      273 words
  • Page 16 Advertisements
    • 51 16 The Business Times-Citibank Young Investors’ Forum is published every Monday. It aims to raise the financial awareness of young adults, especially tertiary students, and empower them with the financial knowledge and skills vital to making investing and wealth management decisions. The forum is part of Citibank’s efforts to promote financial
      51 words

  • ECONOMY WATCH
    • 655 17 NYT [LONDON] When he rejected a new European accord on Friday that would bind the Continent ever closer, Prime Minister David Cameron seemingly sacrificed Britain’s place in Europe to preserve the pre-eminence of the City, London’s financial district. The question now is whether
      NYT; AP  -  655 words
    • 556 17 Even limited redraw of zone would spark similar contraction as 2008/9 recession AFP [BRUSSELS] Economists, banks and even punters in bookmakers are studying more and more seriously scenarios involving the collapse of the eurozone. Maybe not its total evaporation, but certainly shrinkage with
      AFP  -  556 words
    • 447 17 Bloomberg [WASHINGTON] In 2009, the US led a global drive to increase the International Monetary Fund’s firepower to help pull the world out of recession, pitching in US$100 billion. This time, it’s a bystander in a similar effort to counter the
      Bloomberg  -  447 words
  • Page 17 Advertisements
    • 163 17 ■a V mtk j E3 \'v- 4M 4 1 ">s Cou We are piling up the gifts this Christmas. Book a Mercedes-Benz and enjoy COE savings of up to $22,500,3-year free scheduled servicing, and more. $22,500 COE savings, 3-year free scheduled servicing, 7 pampering indulgences. This Christmas Mercedes-Benz is offering
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  • Page 18/19 Advertisements
    • 410 18/19 N I T*"> x t i J iTMqj/ >- > wk WE STAND TALL BECAUSE OF YOU. MORE THAN 260 ACCOLADES IN 201 1 Most Popular Heritage Brand, Singapore Prestige Brand Award 2011 Leading CEO Award Michael Sengol, Singapore HR Awards 201 7 ASEAN Most Admired Enterprise for Corporate Social
      410 words

  • MALAYSIA/INDONESIA
    • 632 20 Despite efforts to tackle graft, the practice is old and deep-seated AFP [JAKARTA] When Indonesia’s longest suspension bridge suddenly collapsed last month, killing more than 20 people, allegations immediately surfaced that corruption was behind the disaster. Police have come up with little explanation as to
      AFP  -  632 words
    • 564 20  -  M’sia vulnerable to sharp Western slump, but it’s not at risk of falling from a cliff MALAYSIA INSIGHT S JAYASANKARAN KL Correspondent MALAYSIA’S economy has endured despite statements from experts to the contrary. In October, exports grew almost 16 per cent year-on-year compared to the
      564 words
    • 1823 20 VOL Dec 9 RM +/-(‘000) A M Realty 0.42 -0.01 9 Abric Bhd 0.32 0.01 650 Advance Synerg 0.19 -0.01 1583 Adventa Bhd 1.61 unch 0 Ae Multi Hldgs 0.30 0.02 345 Affin Holdings 2.79 -0.05 834 Ahmad Zaki Res 0.68 unch 85 Aic Corp 1.18 unch 0
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  • Page 20 Advertisements
    • 1317 20 MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices EASTGATE TECHNOLOGY LTD (Incorporated in the Republic of Singapore) Company Reg. No. *****5519R NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twenty-Second Annual General Meeting of Eastgate Technology Ltd (the “Company”) will be held at RELC International Hotel, Room
      1,317 words
    • 96 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SAHABAT COMPANY (PTE) LIMITED (In Members’ Voluntary Liquidation) Company Reg. No. *****1772H NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 (the “Act”) that the Final Meeting of Members of the
      96 words

  • Page 21 Advertisements
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      95 words

  • GREATER CHINA/INDIA
    • 345 22 Bloomberg [NEW DELHI] India’s government defended Palaniappan Chidambaram’s role as finance minister in the 2008 sale of phone licences that has engulfed Prime Minister Manmohan Singh’s administration and stalled legislation in Asia’s third-biggest economy. “Government is concerned that the public arena is
      Bloomberg  -  345 words
    • 632 22 China’s appetite for luxury goods and their existing wealth seen appealing Reuters [LONDON] Britain’s luxury jewellers are opening outlets in China, where demand for jewellery is set to grow while appetite wanes in western markets. Royal jeweller Garrard became the latest in a string of
      Reuters  -  632 words
    • 346 22 Bloomberg [NEW DELHI] India’s commerce ministry said it overstated merchandise exports by US$9 billion in the eight months through November because of “misclassification and errors” in computing overseas sales. “Notwithstanding the misclassification, there were errors in double counting and all sorts
      Bloomberg  -  346 words
  • Page 22 Advertisements
    • 1395 22 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices GIKEN SAKATA (S) LIMITED Co. Reg. No. *****3879W NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Thirty-First Annual General Meeting of the Company will be held at No. 7 Second Chin Bee Road, Singapore *****4 on the 28th day of December
      1,395 words
    • 963 22 JEL CORPORATION (HOLDINGS) LTD (Company Registration Number: *****6139K) (Incorporated in Singapore on 18 September 2001) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that a Extraordinary General Meeting (the “EGM”) of the shareholders of JEL Corporation (Holdings) Ltd (the “Company”) will be held at 11 Changi North Way, JEL
      963 words
    • 482 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 LECONTE LEATHER PTE LTD (In Member’s Voluntary Liquidation) Company Reg. No. *****1518G At an Extraordinary General Meeting of the Company deemed to have been duly convened and held pursuant to Section 179(6) of the Companies Act, Cap. 50 on Wednesday, 7
      482 words

  • Page 23 Advertisements
    • 270 23 Financial PR Singapore's No.1 Investor Relations Firm AN ASME-LIANHE ZAOBAO AWARD Singapore Prestige Brand Award 11 SPBA Hall of Fame GREAT CLIENTS MAKE GREAT JOURNEYS Financial PR is privileged to be inducted into the SPBA's Hall of Fame and would not have been able to do it without you Valued
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  • WORLD
    • 337 24 Bloomberg [NEW YORK] Yoga poses such as head-to-knee stretches are “exercises” rather than “choreography” and can’t be copyrighted in the US, regulators said. The US Copyright Office previously permitted yoga poses and their sequences to be registered, even if those exercises were in
      Bloomberg  -  337 words
    • 745 24 Biggest show of defiance against prime minister Putin erupts in Moscow AFP [MOSCOW] Russians sought out the first signs of change yesterday after tens of thousands rallied across the country and swarmed Moscow in the biggest ever show of defiance against Vladimir Putin’s 12-year
      AFP; AP  -  745 words
    • 595 24  -  By ANTHONY ROWLEY in Tokyo PARLIAMENT has approved bilateral nuclear cooperation agreements with South Korea and Vietnam as well as with Russia and Jordan signalling Japan’s intention to go ahead with promoting valuable sales of nuclear power plants in Asia and beyond despite the
      595 words
    • 478 24 CLIMATE CHANGE CONFERENCE NYT [DURBAN, South Africa] Two weeks of contentious United Nations talks over climate change concluded yesterday morning with an agreement by more than 190 nations to work towards a future treaty that would require all countries to reduce
      NYT; AFP  -  478 words
    • 1043 25 Merkel goes for long-term remedy while Obama frets over short-term threat NYT [BERLIN] Even as European leaders put together their latest response to the euro crisis last week, a German-American clash over how best to manage a vast financial crisis and put the world
      NYT; AP  -  1,043 words
    • 576 25 AFP [ATHENS] A bitter debate has reopened in crisis-hit Greece about the cost of violent demonstrations on the country’s battered capital and the risks they pose to the nation’s critically important tourism industry. A senior tourism official has expressed amazement that the police generally
      AFP  -  576 words
    • 784 25 AFP [YAKIMOVO, Bulgaria] The bare fields, the empty roads, the ruined houses, and the shuttered schools say it all. Welcome to Bulgaria’s rural northwest, officially the poorest region in the European Union (EU). “There is almost no socioeconomic indicator
      AFP  -  784 words
    • 477 25 Reuters [LONDON] British bank Lloyds is in the final stages of reviewing offers from NBNK and Co-Op for some 630 branches and may make a decision in the next week, sources with knowledge of the matter told Reuters. Sources said Lloyds is
      Reuters  -  477 words
    • 267 25 Excluding Iraq, the cartel pumped 27.94m barrels per day in November AFP [DUBAI] Oil production from the Organization of the Petroleum Exporting Countries’ (Opec) 12 members hit 30.785 million barrels per day (bpd) in November, the highest level in three years with Saudi
      AFP  -  267 words
  • Page 24 Advertisements


  • AVIATION/SHIPPING
    • 591 26 Critics happy but vow to press ahead with attempts to hobble the board NYT [NEW YORK] The National Labor Relations Board is dropping its politically charged case against Boeing Co, in which it had accused the company of violating federal
      NYT  -  591 words
    • 560 26 AP [BEIJING] China says its armed police began joint Mekong River security patrols on Saturday with forces from Myanmar, Laos and Thailand, a development likely to deepen Beijing’s influence in an unstable region on its southern flank. The patrols are a response to the deaths
      AP; REUTERS  -  560 words
    • 474 26 Reuters [LONDON] The Baltic Exchange’s main sea-freight index, which tracks rates to ship dry commodities, rose for a third day on Friday helped by firm iron ore trade to China, with earnings for the larger capesizes jumping to their highest in over a
      Reuters  -  474 words
    • 609 26 NYT [NEW YORK] It was not so much the crime that was surprising as who was behind it. When US federal investigators announced they had broken up a cocaine-traf-ficking ring, the crime boss was not a member of a Mexican cartel or the
      NYT  -  609 words
    • 278 26 SGX '000 Dec 9 S$ +/-Vol CH Offshore unch unch 0 Chuan Hup Hldg 0.20 unch 65 Cosco Corp 0.89 -0.03 3763 CWT Ltd 1.00 -0.03 36 Ezra Hldgs 0.88 -0.02 2436 First Ship Lea 0.30 unch 631 Freight Links 0.06 unch 483 Grand Banks 0.22 -0.09 1
      278 words
  • Page 26 Miscellaneous
    • 363 26 CRYPTIC CROSSWORD Across 1 Casual tuna Niçoise salad with no end of mayonnaise (10) 6 Wrack is Emerson, Lake Palmer touching rock bottom (4) 10 Gold coin in circulation (5) 11 Rail about peers turning out criminal (9) 12 Loud organ gets a little frightening (8) 13 Always available for
      363 words

  • DINING OUT
    • 646 27  -  NEW RESTAURANT By Debbie Yong Loola’s by Awfully Chocolate Esplanade Mall #02-14 Tel: 6336-9563 IT started out in 1998 as a minuscule Katong bakery offering just one type of chocolate cake. Thirteen years later, the Awfully Chocolate range now spans eateries like Mooshi Bakes, Joojoo
      DEBBIE Y0N6  -  646 words
  • Page 27 Advertisements
    • 321 27 Asia's leading Luxury Spa Wellness Publication spa style senses v vsmber/december 9r -J THE ftlGN ISSUE TOP 10 SPA DESIGNERS MASTERING THE ART OF WELLNESS THERISEOFTHEDESIGNERSPA DESIGNING ECO SPA SPACES ENCHANTING JAVA DISCOVERING JORDAN VIENNA'S SUPERLATIVE SPAS Ask your local bookshop or make sure of your copy by subscribing today
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    • 61 27 n D€C 11 St5.00 SffiiWiBtZ JPRAM \^\hi *£Si8S?j is PARTY Hitt-SS LBD Riffi&ii inns IB'Afr flJKS >® 100 GIFT IDEAS £#tiBIN WHO'S THE BOSS f§±*T US* >f< S3R3S5FpJ» IT NOW 16 SETS 0««jllJIWlMEAUTY PRODUCTS WORTH $214 29 SETS OF HTOHMZAXIN FOR YOUTH SERUM WORTH $134 20 SETS OF HAMPER WORTH
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  • SINGAPORE STOCKS
    • 8432 28 Week ended: Dec 9 52-wks Last Vol Week 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 -0.4 274 4.6 4.5 4.6 5 2.8
      8,432 words
    • 1726 29 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 12.1 t 800 Super 12.4 +0.3 105 12.9 12.4 12.2 13 4.7 4.4 4.8 22.2 5.5 2.5 t AA Grp 3.3 2.5 3.2
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    • 118 29 Stock name Close Change Stock name Close Change Stock name Close Change CapMallsAsia 1.220 -0.060 CapitaLand 2.350 -0.070 CapitaMall 1.690 -0.035 CityDev 9.000 -0.180 ComfortDelGro 1.420 -0.025 DBS Grp 12.080 -0.220 F&N 5.930 -0.130 GLP 1.720 -0.055 Genting SP 1.520 -0.015 Golden Agri 0.710 +0.005 HK
      118 words
    • 2609 29 Transaction date: Dec 9 HONG KONG Vol HK$ +/-'000 Aeon Credit 5.45 unch 0 Aeon Stores 17.70 -0.10 3 Angang Steel 5.39 -0.26 ***** Anhui Conch 24.75 -0.35 ***** Anhuiexpresswa 4.41 -0.09 486 Asia Satellite 15.50 unch 5 Asm Pacific 86.20 -2.30 375 Bank Of E Asia 28.10
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    • 253 29 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 55.5 34 AVJennings A34 34.5 42.5 3.6 10.3 2.7 88.5 49 25.5 Genting HK US$ US27.5 -1.5 ***** 29 27 27 27.5 1810.7 15 10 OGL Resources
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    • 186 29 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 10 3 0 0 0 4 10 3 Manufacturing 43 104 43 8 14 11 51 118 54 Commerce 22 36 11 3 7 5 25 43 16 Tpt/Stor/Comms 11 23 10
      186 words
    • 1022 29 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 116.3 -0.7 45 118 116.3 115.1 118.9 530.9 1261 856 CIMBAsean40 100US$ US949 -32 3 974 949 946 955 38
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    • 123 29 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 108,823 108,823 262,446 262,446 Manufacturing 825,527 33,391 858,918 721,899 910 722,809 Commerce 374,807 20,213 395,020 543,969 1,991 545,960 Tpt/Stor/Comms 483,674 90,542 574,216 704,030 10,501 714,531 Finance 71,895 76 71,971 635,288 10 635,298 Construction 325,517 9,962
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  • Page 29 Advertisements
    • 26 29 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES
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  • FINANCE & COMMODITIES
    • 373 30 In local curr In S$ In US$ dy yr dy yr dy yr Dec 9 Index Change Change Change Change Change Change World Preliminary 829.6 1.0 -7.6 0.9 -6.3 1.0 -7.3 EAFE Preliminary 683.7 0.4 -14.6 0.3 -12.9 0.5 -13.9 Europe Preliminary 1020.6 1.3 -12.7
      373 words
    • 107 30 Dec 9 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 12 1107.00 1132.50 1133.50 1100.25 Mar 12 1116.50 1142.25 1142.25 1110.25 May 12 1127.00 1152.50 1152.25 1120.50 Jul 12 1137.00 1162.25 1162.75 1130.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Dec 11 49.34
      107 words
    • 77 30 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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    • 445 30 Dec 9 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.4450 0 3276 Mar12 99.3750 0 3330 Jun12 99.3500 0 1003 Sep12 99.3550 0 351 EUROYEN TIBOR FUTURES Dec11 99.6725 99.6725 99.6725 99.6725 0 4622 Mar12 99.6650 99.6650 99.6650 99.6600 0 1937 Jun12 99.6625 0 1440
      445 words
    • 114 30 As on 9 December 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT FEB2012 1727.70 1707.80 1717.00 204 CURRENCY AUD-USD FUT DEC2011 1.0195 1.0086 1.0188 1802 EUR-USD FUT DEC2011 1.3434 1.3285 1.3370 6225 USD-JPY FUT DEC2011 77.70 77.56 77.61 1600 BASE METAL
      114 words
    • 77 30 CRUDE OIL PRODUCTS Dec 8 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.14 -1.86 WTI (Near Mth) 98.55 -1.86 Dubai (1-Mth F) 107.24 -0.21 Tapis blend 117.36 -0.46 Minas 114.76 -0.46 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 99.72 -0.72 Jet Kerosene 125.73 -1.32 US$/barrel Opec Oil
      77 words
    • 165 30 Dec 10 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jan 12 346.0 345.0 345.5 2 285 Feb 12 355.0 345.0 347.8 25 221 Mar 12 353.7 297 Apr 12 360.8 144 May 12 364.0 364.0 364.0 20
      165 words
    • 69 30 Dec 9 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2064.00 2060.75 3 months 2065.00 unch Copper, Grade A (US$/tonne) Cash 7792.50 7685.50 3 months 7815.00 7710.00 Lead (US$/tonne) Cash 2147.75 2084.75 3 months 2165.00 2103.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • 24 30 Dec 9 Open High Sett STI Dec 2689 SIMSCI Dec 308.5 310.4 304.5 Taiwan Dec 249.0 250.9 245.3 Source: SGX Derivatives
      24 words
    • 2142 30 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 20 127
      2,142 words
    • 82 30 Dec 9 COCOA (£/tonne) Close Prev High/Low Dec 11 1281 1317 1328/1279 Mar 12 1338 1369 1383/1336 May 12 1352 1385 1396/1351 Jul 12 1371 1403 1412/1373 COFFEE (US$/tonne) Close Prev High/Low Jan 12 1926 1910 1933/1881 Mar 12 1962 1947 1969/1920 May 12 1992 1976 1997/1950 Jul 12
      82 words
    • 464 30 Dec 9 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.033 6.414 0.757 7.841 52.635 91.570 0.783 11.556 3.181 1.317 89.731 43.974 1.310 8.339 0.933 30.447 31.177 0.646 1.008 Canada 0.968 6.209
      464 words
    • 82 30 Dec 9 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 139 30 Dec 9 GOLD (US$/oz) Dec 08 Dec 09 Hong Kong 1745.00 1715.20 Dec 09 Dec 08 London 1715.50 1706.59 1716.50 1707.60 Source: Thomson Reuters CAST BAR Dec 09 (S$) Selling Buying Kilobar 76,691.18 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 172 71 5gm 488 357 10gm 871
      139 words
    • 57 30 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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    • 154 30 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
      154 words
    • 22 30 Dec 9 S$ Bid Offer 1-month 1.3003 1.3006 2-months 1.3003 1.3006 3-months 1.3001 1.3004 6-months 1.2990 1.2994 Source: OCBC
      22 words
    • 123 30 As at 9am Dec 09 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
      123 words
    • 155 30 Dec 9 $S Offer Bid 0vernight 0.06 0.03 1-month 5/16 3/16 2-months 5/16 3/16 3-months 5/16 3/16 Overnight mode: 0.06 US$ 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

  • 4557 31 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination
    4,557 words
  • Page 31 Advertisements
    • 26 31 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? To All Shipping Advertisers: Please call Joe Wong at 9620 1327
      26 words

  • Page 32 Advertisements
    • 109 32 Shipping lines seeking reliable logistics partners rgently n caeca by shippers TO ADVERTISE, JOE WONG AT 9620 1 Can they -Find your services Here in the Shipping Times? THE BUSINESS TIMES SHIPPING TIMES Boost Youn Corporate Image Come publicise your Corporate Image, Award Wins Certifications, Ship Christenings Delivery of Newbuilds,
      109 words

  • BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
    • 873 33  -  It also plans for apps to be charged with phone bills instead of their payment through credit cards, reports VICTORIA HO EVEN with a new smartphone line-up, Nokia is fiercely abiding by its long-standing strategy of keeping its products local, said a top
      873 words
    • 844 33  -  Co-innovation lab is a win-win solution for both client company and its IT partner <you say> By VIRENDER AGGARWAL The writer is based in Singapore, and is HCL Technologies’ president for Asia-Pacific, Australia, New Zealand, West Asia and Africa INNOVATION is more important
      844 words
    • 167 33 Xinhua [BEIJING] Authorities have shut down 206 microblogs for distributing pornographic and vulgar content following investigations that were spurred by public tips, according to the State Internet Information Office (SIIO). All of the accounts were registered at four of China’s largest microblogging sites
      Xinhua; BLOOMBERG  -  167 words
    • 220 33 AFP [TAIPEI] Taiwan Semiconductor Manufacturing Co (TSMC) said on Friday it is expanding a major plant in central Taiwan estimated to create 8,000 new jobs and generate US$3 billion in annual revenue. The world’s largest contract microchip maker made the announcement during the
      AFP  -  220 words
    • 431 34  -  New system part of overall upgrade planned by govt for MRT network By VICTORIA HO THE Land Transport Authority (LTA) of Singapore will upgrade the communications system for the North East Line (NEL) at a cost of $30 million, said contractor NEC
      FILE PHOTO  -  431 words
    • <what’s up>
      • 49 34 LENOVO has launched its new IdeaPad Tablet A1. The 7-inch device weighs 400g, is 11.95mm thick and runs Android 2.3. It is built around a magnesium alloy frame for shock-ab-sorption and carries front and back cameras for video chats. It’s priced at $299.
        49 words
      • 54 34 ASUS’S new Android 4.0 “Ice Cream Sandwich” tablet is coming to stores on Dec 19. The device has a Nvidia Tegra 3 quad-core processor, measuring 8.3mm and weighing 586g. It comes with a 10.1-inch LED screen display behind Gorilla Glass. Local
        54 words
      • 61 34 LOCAL gadget maker Bluetree Electronics has launched theKube2, which it claims is the smallest touch MP3 player in the world. It carries an aluminium body and a touch sensor for screen navigation. Its 4Gb microSD card storage can carry about 1,000 songs and its battery life
        61 words
      • 55 34  -  Compiled by VICTORIA HO BOSE has released its SoundLink wireless mobile speaker. The portable speaker connects via Bluetooth devices, allowing music from smartphones and tablets to be streamed and played. It has a version with a dark gray Cordura nylon cover for $549 and a dark
        55 words
    • 422 34 It aims to sell 15m units globally in the year to March 2016 Reuters [TOKYO] Panasonic Corp will launch a smartphone in Europe next year, the latest Japanese maker to tiptoe late into a fiercely competitive market dominated by Samsung Electronics and Apple.
      Reuters  -  422 words
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    • 30 33 Over 1 20,000 downloads! I91.3FMI linriHimnl SB® L S&gt;l»w«/"TWs... I913FMI V Get your free iPhone/iPad app now! *asof 17th Oct 2011 91.3FM TGDJY'S BEST MUSIC Available on the App Store
      30 words

  • Page 34 Advertisements
    • 95 34 LOUIS VUITTON I f (I w oMr cr LT 0 VVSVWz-o SP f °8i &gt;v v 061 30° V, oo? 3 o •V ■&lt;&gt; m V I i II 80 0S3 sS54s:&gt; j. i 0 r5\' J W 12 oo£ 30 *0 Q $V 0 &lt;$&gt; 0' o 1 &lt;s.
      95 words