The Business Times, 21 December 2011
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2011-12-21
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The Business Times
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Title Section23 2011-12-21 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Wednesday, December 21,23 words
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709 2011-12-21 1 FELDA CHAY - By FELDA CHAY [SINGAPORE] Noble Group’s Australia-listed coal mining subsidiary Gloucester Coal could be sold to China’s Yanzhou Coal Mining for US$2 billion (S$2.6 billion) or more and create Australia’s biggest independent coal miner. The talks are ongoing and both Gloucester709 words
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Article, Illustration947 2011-12-21 1 JOYCE HOOI - Shift in pricing strategy will help telco charge heavy data users in ways that current plans don’t allow By JOYCE HOOI [SINGAPORE] The days of virtually unlimited mobile data usage are numbered. SingTel will be launching Singapore’s first fourth-gen-eration (4G) orBLOOMBERG - 947 words
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Article143 2011-12-21 1 HST INDEX 2,614.45 (-3.64) GST INDEX FUTURES 2,615 (+3) HSIMSCI 298.64 (-0.11) HSIMSCI FUTURES 298.50 (-0.40) FOREX US$ S$ US$ (S$ per US$) 1.308 (US$/S$ per 1.554 2.032 EURO (US$/S$/E) 1.301 1.701 Foreign currency per US$ S$ YEN 78.00 59.60 RM 3.187 2.437 HK$ 7.783 5.952 BAHT 31.32143 words
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Advertisement40 2011-12-21 1 S’PORE NEWS F&H injects $15m into JR Foodstuff PAGE 10 TransportHUB STRAIT TALK Challenging times for shipping industry I PAGE 19 Seamless links from SIA and JetBlue deal I PAGE 20 COE premiums seen rising next year I PAGE 2140 words
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Advertisement13 2011-12-21 1 EXEC MONEY It’s not looking very bright out there PAGE 32 *****1 *****413 words
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Advertisement137 2011-12-21 1 COMPANY NEWS SembMarine’s Brazil yard readybyend-2014 PAGE 5 COMMENTARY 2011: A Year of ‘People Power’ PAGE 23 With Asia as our second home market, our move to the top of Asia Square in the heart of the Marina Bay Financial District, is a fitting one. At our private client lounge,137 words
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TOP STORIES
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Article629 2011-12-21 2 SingTel launches 4G plan and battleship in data war THE days of virtually unlimited mobile data usage are numbered. SingTel will be launching Singapore’s first fourth-generation mobile broadband service for both consumers and businesses tomorrow, as the first of a three-part pricing strategy. The new 4G plan heralds629 words
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Article, Illustration795 2011-12-21 2 SHAREINVESTOR - Hear From the InvestmentExpert BROUGHTTOYOU BY SHAREINVESTOR Investing Wisely with Dr Elder Due to the recent volatility of the current markets, one needs an insight into the future and a lot of discipline in order to profit. When making investment decisions, not many of795 words
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Article, Illustration735 2011-12-21 2 ANTHONY ROWLEY - Transition of power smoother than expected; stocks in Seoul, Tokyo recover By ANTHONY ROWLEY in Tokyo THE state of alarm in South Korea as well as elsewhere in Asia and in the US triggered by Monday’s announcement of North Korean leader KimAP - 735 words
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553 2011-12-21 2 LYNN KAN - But few large listed firms in S’pore have jumped on board By LYNN KAN [SINGAPORE] Sustainability reports are increasingly becoming a must-have for businesses instead of just being a nice-to-have aside. Experts that BT spoke to say that companies which take stock of their sustainability efforts553 words
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386 2011-12-21 2 NYT [NEW YORK] Two years after Brian Moynihan became Bank of America’s (BOA) chief executive, the beleaguered bank’s shares crashed through the psychologically important US$5 mark on Monday, the lowest they’ve traded since March 2009. Other bank stocks including MorganNYT - 386 words
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Article168 2011-12-21 2 THE article sourced from the news agency Reuters, “New MAS rules to protect investors in the spotlight” (BT, Dec 20), suggested that mutual funds are listed on the Singapore Exchange (SGX) and that investors need to take a series of online tutorials on the SGX website and168 words
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Article, Illustration700 2011-12-21 4 DOLLY CHIA - But the rest of the year is less rosy given an expected economic slowdown By DOLLY CHIA [SINGAPORE] Even as tour bookings pick up for the upcoming Chinese New Year (CNY) holidays, the travel industry is bracing itself for an uncertain outlook nextFILE PHOTO - 700 words
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Article, Illustration590 2011-12-21 4 NYT [NEW YORK] A federal agency ruled on Monday that a set of important features commonly found in smartphones are protected by an Apple patent, a decision that could force changes in how Google’s Android phones function. The ruling, by the US International TradeNYT - 590 words
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Advertisement252 2011-12-21 3 NEW LAUNCH VIBRANT SUNSETS. COOL BLUE UATERS. INFINITE COLOURS OF LIFE. Elevate your senses. Relax your mind. Feel a million and one uays to rejuvenate at The Scotts Touer, designed by world-renowned architect and red dot award recipient Ben van Berkel of UNStudio, Choose from luxurious 1 bedroom (624 sq252 words
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Advertisement2281 2011-12-21 4 thebusinesstimeswww.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 weekend www.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 the raffles conversation CAREER DIPLOMAT BARRYDESKER 12-13 cheap funds Local banks to slash savings ratesDBS Bank, OCBC DBS Bank and UOB will offer amere 0.05 per cent mere come October, even asHSBC and2,281 words
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COMPANY NEWS
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Article, Illustration370 2011-12-21 5 CARINE LEE - The site is situated close to one of Brazil’s giant pre-salt reservoirs By CARINE LEE SEMBCORP Marine has commenced construction works on Estaleiro Jurong Aracruz, the group’s first overseas integrated yard facility in Brazil, with subsidiary Jurong Shipyard holding a groundbreaking ceremony on Monday370 words
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567 2011-12-21 5 Hang Ten shares soar as Li Fung makes takeover offer Reuters [HONG KONG] Shares of Hang Ten Group Holdings Ltd jumped more than 55 per cent to a oneyear high after Li Fung (Retailing) Ltd offered to buy the apparel and accessories retailer for HK$2.7 billion (S$452 million) in aReuters - 567 words
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455 2011-12-21 5 SIOW LI SEN - By SIOW LI SEN CHINA last week launched its latest investment scheme for foreign investors, the RQFII, which will go some way in deploying offshore yuan deposits and is seen as a step towards Beijing’s renminbi (RMB) internationalisation policy. “This is indeed a455 words
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418 2011-12-21 7 LYNN KAN - Extensive vessel network to operate in Far East-Europe trade lanes By LYNN KAN CONTAINER shipping may have fallen on some hard times of late, but it has not lost its sense of opportunity. Two shipping consortiums, of which Neptune Orient Lines’418 words
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417 2011-12-21 7 S’pore firms account for 37% of projects by overseas groups Bloomberg [SYDNEY] Overseas property developers, including Fraser Neave Ltd and Far East Consortium International Ltd, are building the most housing in Australia in more than two decades as they seek geographic diversity andBloomberg - 417 words
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665 2011-12-21 7 NEIL BEHRMANN - By in London NEIL BEHRMANN in London LARGE-SCALE issuance of Treasury bills and bonds of key eurozone nations is likely to keep markets jittery in the first quarter of next year, as European pension funds, insurance companies and other investors are called665 words
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Article, Illustration230 2011-12-21 8 CARINE LEE - But Boon Swan Foo continues as chairman of Global Investments By CARINE LEE ST Asset Management Ltd, the manager of mainboardlisted Global Investments Limited, has informed the mutual fund company of major board changes. In an announcement yesterday, Global Investments said ST Asset Management’s230 words
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337 2011-12-21 8 Bloomberg [SEOUL] KB Asset Management Co, a unit of South Korea’s second-largest financial services group, is buying futures on the nation’s bonds, betting that declines after the death of North Korean leader Kim Jong Il won’t last. KB Asset bought threeand 10-yearBloomberg - 337 words
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147 2011-12-21 8 Bloomberg [KUALA LUMPUR] Oversea-Chinese Banking Corp (OCBC), South-east Asia’s second-largest lender by assets, plans to buy a stake in the brokerage business of Malaysia’s KAF-Seagroatt Campbell Bhd, a person with knowledge of the matter said. OCBC aims to acquire 49 per cent ofBloomberg - 147 words
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COMPANY BRIEFS
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64 2011-12-21 8 BANK of Singapore has appointed two seasoned bankers to its Greater China team. Pauline Chung and Arthur Fong have both been appointed managing director and market head for Greater China. Ms Chung, who is also the head of strategy for the Greater China business,64 words
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Article67 2011-12-21 8 SMB United, the target of a hostile takeover bid by Boer Power, is in talks with a third party that has expressed interest in buying the whole company, it said last night. The Securities Industry Council has ruled that the third party must announce67 words
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37 2011-12-21 8 Bloomberg BARCLAYS Wealth appointed Wellian Wiranto as Asia economist, the company said. Mr Wiranto, based in Singapore, was HSBC Holdings plc’s Asian economist of global research before joining Barclays Wealth, it said.Bloomberg - 37 words
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308 2011-12-21 8 Bloomberg [NEW YORK] MF Global Holdings Inc used US$2.4 million in cash collateral of its largest lender JPMorgan Chase Co for the month ended Nov 30, the majority of it for payroll. MF Global, the bankrupt parent of a failedBloomberg - 308 words
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Advertisement193 2011-12-21 5 DISTINCT HALLMARKS OF EXCELLENCE m i i mm -/A OvIvW^ 1 Hi -S? r M7 'i J/ k SINGAPORE TATLER'S BEST OF SINGAPORE (LUXURY CAR CATEGORY) AWARD FOR THE THREE CONSECUTIVE YEARS OF 2009, 2010 AND 2011. Many unmistakable characteristics define a Bentley handcrafted luxury, distinctive design, breathtaking power, and193 words
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SINGAPORE MARKETS
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Article, Illustration561 2011-12-21 6 VEN SREENIVASAN - Interest centres on situational plays; turnover stands at only 591m units worth $696m STOCKS VEN SREENIVASAN Senior Correspondent WITH most major investors having closed their books for the year and headed out for the holidays, market activity remained muted yesterday with interest largelySource: Bloomberg - 561 words
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Article66 2011-12-21 6 Dec 20 VALUE CLOSE BT OB/OS -664.00 +60.00 BT CADI -*****.00 -23.00 BT 10-day MA -*****.00 -66.00 FTSE ST Mid Cap 579.80 -0.15 FTSE ST Small Cap 392.25 +0.56 FTSE ST All Share 627.40 -0.66 FTSE ST China Top 183.12 +0.24 FTSE ST China 217.20 +0.66 FTSE66 words
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Article58 2011-12-21 6 VOLUME Noble Grp 60,634,000 Golden Agri 44,812,000 Mewah 31,158,000 GLP 30,265,000 Genting SP 29,329,000 SingTel 19,849,000 GMG Global 19,035,000 Thai Beverage 17,688,000 STI 2750BPePW*****0 14,080,000 NexGenSCom 13,427,000 VALUE($) Noble Grp 69,875,260 SingTel 60,721,510 DBS Grp 60,425,755 GLP 50,682,840 Genting SP 44,229,465 UOB 32,714,570 Golden Agri 30,991,545 OCBC58 words
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Article186 2011-12-21 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 6 3 0 0 0 4 6 3 Manufacturing 36 42 30 3 4 4 39 46 34 Commerce 15 14 13 0 3 4 15 17 17 Tpt/Stor/Comms 11 15 9186 words
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Article, Illustration430 2011-12-21 6 Kim Eng Research - by Kim Eng Research Bears rule The odds continue to favour the bears as prices form lower lows and lower highs. Another pullback seems likely if the counter fails to trade above the strong resistance trendline around $1.79. A penetration of the $1.535 (52-week low) support level will herald430 words
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Article121 2011-12-21 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,456 14,456 38,009 38,009 Manufacturing 124,578 2,268 126,846 92,954 29 92,983 Commerce 104,800 568 105,368 118,255 75 118,330 Tpt/Stor/Comms 63,924 10,284 74,208 102,368 1,159 103,527 Finance 15,038 15,038 130,085 130,085 Construction 20,021 1,784 21,805 5,770121 words
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Article114 2011-12-21 6 Stock name Close Change CapMallsAsia 1.160 -0.005 CapitaLand 2.230 -0.020 CapitaMall 1.685 +0.010 CityDev 8.950 -0.040 ComfortDelGro 1.400 +0.015 DBS Grp 11.260 -0.100 F&N 6.200 +0.130 GLP 1.665 +0.025 Genting SP 1.505 +0.005 Golden Agri 0.690 -0.010 HK Land 4.500 -0.010 JMH 45.140 -0.380 JSH 26.720114 words
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Article, Illustration435 2011-12-21 6 CURRENCIES Reuters [LONDON] A sharp fall in Spanish short-term borrowing costs boosted the euro yesterday albeit in thin trade, with fresh signs that the German economy is holding up in the teeth of the eurozone debt storm also supportive. But sentiment was fragile and investorsReuters; AP - 435 words
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Article118 2011-12-21 6 BY CENTS CLOSE UP DBXT MSAsExJp 10US$ 2765 130.7 3.8 GLD 10US$ ***** 122.9 0.6 DBXT E50 10US$ 3232 53.6 1.3 Jardine C&C 4804 51.0 1.1 DBXT AUD Bonds 5AU$ ***** 50.7 0.2 DBXT S&P Short 10US$ 4329 32.7 0.6 Hyflux 6% CPS 10 ***** 30.0 0.3 Lyxor China118 words
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Article126 2011-12-21 6 BY CENTS CLOSE DOWN JSH 2672 -88.9 -2.5 JMH 4514 -49.7 -0.8 DBXT Nifty 10US$ 8777 -40.5 -0.4 Asia Pac Brew 2750 -39.0 -1.4 IS MSCI Spore 1065 -31.4 -2.2 DairyFarm 905 -18.3 -1.5 OCBC Bk 5.1%NCPS 100 ***** -15.0 -0.1 DBXT FTVietnam 10US$ 1922 -14.4 -0.6 CIMBAsean40 100US$126 words
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Advertisement95 2011-12-21 7 1 for some it's another sho vr for you, a sparkling evening at Esplanade y m move up to complimentary champagne. for any Esplanade Presents show, receive automatic preferential treatment for every ticket purchased with a Visa Signature card. visit visasignature-asia.com for details. more people around the world with Visa.95 words
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Advertisement1753 2011-12-21 8 HG METAL MANUFACTURING LIMITED (Company Registration No.: *****2660D) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in the circular dated 21 December 2011 issued by HG Metal Manufacturing Limited (the “Circular”). NOTICE IS1,753 words
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Advertisement215 2011-12-21 8 Important INFORMATION FOR OPEL OWNERS 6842 3122 HOTLINE FOR OPEL OWNERS Auto Germany Pte Ltd has recently been appointed by General Motors as the new dealer for Opel passenger and commercial vehicles in Singapore. We're certainly excited about the future and have already immersed ourselves into establishing a new home215 words
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Advertisement71 2011-12-21 8 PICTET Blow your blues at the launch of 17, Bali Lane (S) *****3 Weekday Lunch set meal for Enjoy Happy Hours from Monday to Thursday with 50% off your 2nd jug of Tiger beer FOR RESERVATIONS, PLEASE CALL 8181 7330 For a limited time only* *T c Apply. Choose from71 words
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Advertisement394 2011-12-21 9 Successful 1 st Rendezvous With French Cinema Closes On A High Note! N XV ST *v m *< Carole Bouquet graces the red carpet at the Opening Gala Actress Carole Bouquet j™ DfJMRDH teEtm t'Eio The Societe Generate Private Banking 1st Rendezvous With French Cinema, a prestigious film festival that394 words
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SINGAPORE NEWS
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Article, Illustration318 2011-12-21 10 TAM YU LING - Food supplier will use funds, leverage on F&H to break into Chinese market By TAM YU LING LOCAL food maker JR Foodstuff has secured $15 million in investment from private equity firm F&H Fund Management, which it says it will use to break intoYEN MENG JIIN - 318 words
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489 2011-12-21 10 SHERMAN TAN - By SHERMAN TAN WITH Singapore commuters facing disruptions in recent days, the concept of flexible work practices may now have added appeal. In fact, employees who spend a lot of time travelling to and from their workplace report “increased dissatisfaction, decreased productivity, as489 words
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Article, Illustration253 2011-12-21 10 TAM YU LING - S’pore shows 10% growth: Nielsen By TAM YU LING REGIONAL advertising expenditure exceeded US$5 billion in Q3, reflecting healthy growth across mainstream media, data from a Nielsen report released yesterday showed. Compared to the same period last year, total advertisement spending acrossSource: Nielson - 253 words
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608 2011-12-21 10 Concerns rise over output from Libya, Kazakhstan and Iran Reuters BRENT crude futures rose above US$104 yesterday, buoyed by the risk of supply being disrupted from Central Asian oil producer Kazakhstan, even as sanc-tions-hit Iran struggles to maintain its production and Libyan outputReuters - 608 words
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SINGAPORE ROUNDUP
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76 2011-12-21 10 THE Housing Development Board (HDB), as the Singapore government’s land sales agent, yesterday awarded a 99-year leasehold private condo land parcel at Punggol Central/Punggol Place to Wee Hur Development. Wee Hur was the highest bidder for the site, which drew 13 bids76 words
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84 2011-12-21 10 THE Singapore Land Transport Authority (LTA) and the International Association of Public Transport (UITP) signed a memorandum of understanding yesterday to set up and develop the UITP Centre for Transport Excellence for the Asia-Pacific region. Housed in the LTA Academy at Hampshire Road, the84 words
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437 2011-12-21 10 NG JIE HUI - By NG JIE HUI THE man who used to head PricewaterhouseCoopers (PwC) in Singapore has been tasked to lead the Accounting Standards Council (ASC), the group formed in 2007 to develop and review accounting standards for entities that are under its purview. Michael Lim437 words
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Advertisement39 2011-12-21 10 M/V JACKPOT Estimated Draw on Thu, 22 Dec 2011 at 6.30pm at PoMo For details, visit www.singaporepools.com.sg [PLA Y(i) Always play with care. Towards Community |responsibly[ Do not bet illegally. Purpose and Benefit RCB Reg No: *****0202G SINGAPORE m39 words
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Advertisement29 2011-12-21 10 *jLi b g FIND THE ONES THAT FIT! Recruit the right people through CATS Recruit. Call 1800 289 8822 or email R recruit@sph.com.sg to advertise. o 1 L 129 words
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ECONOMY WATCH
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Article, Illustration577 2011-12-21 11 Inflation likely to meet central bank’s goals, he says; urges no new stimulus Bloomberg [ATLANTA] Federal Reserve Bank of Richmond president Jeffrey Lacker predicted the US economy will grow 2 per cent to 2.5 per cent next year, with inflation likelyBloomberg; BLOOMBERG - 577 words
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367 2011-12-21 11 Bloomberg [NEW YORK] More than half of commercial mortgages packaged into bonds in 2007 and coming due next year may fail to refinance as maturities reach the most ever and lenders pull back, according to Standard Poor’s. About US$55 billion ofBloomberg - 367 words
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440 2011-12-21 11 The Reserve Bank of Australia lowered rates on Dec 6 Bloomberg [SYDNEY] Australia’s central bank said resource investment is helping the economy ride out Europe’s sovereign-debt crisis, sending the local currency higher as traders reduced bets on the scale of futureBloomberg - 440 words
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Advertisement8 2011-12-21 11 KINOKUNIYA PROLOGUE MPH PAGE ONE HARRIS TIMES DUFRY8 words
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MALAYSIA/INDONESIA
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542 2011-12-21 12 PAULINE NG - Purchase of Iskandar land for RM25 psf is cheaper than recent deals in the area By in PAULINE NG in Kuala Lumpur THE Government of Singapore Investment Corporation (GIC) is believed to have played a significant role in Sunway Bhd’s acquisition542 words
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510 2011-12-21 12 Bloomberg [JAKARTA] Indonesia’s elevation to investment grade may propel the nation’s sukuk to outperform Malaysian bonds in 2012 after trailing the debt this year. Fitch Ratings, which raised Indonesia to “BBB-” last week, rates Malaysia three levels higher at “A-”. Yields on Indonesia’s 8.8Bloomberg - 510 words
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281 2011-12-21 12 Bloomberg [SINGAPORE] Standard Chartered Plc will delay financial close and funding of a US$1 billion loan for PT Borneo Lumbung Energi Metal until next year as the company waits on certain approvals from Indonesia’s capital markets regulator, according to a person familiar with theBloomberg - 281 words
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Advertisement2687 2011-12-21 12 MFS TECHNOLOGY LTD (Company Registration No. *****9562R) NOTiCE OF ANNuAL GENErAL MEETiNG NOTICE IS HEREBY GIVEN that the Eleventh Annual General Meeting of the Company will be held at 801 Lorong 7 Toa Payoh, Wearnes Building #02-01, Singapore *****9 on Monday, 9 January 2012, at 11:30 a.m. to transact the2,687 words
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GREATER CHINA/INDIA
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457 2011-12-21 13 Delhi may start anti-dumping probe on imports of China products: Beijing Bloomberg [MUMBAI] India may jump into an escalating US-China trade fight over solar energy as local manufacturers lobby New Delhi for protection against imports from rivals including First Solar Inc and SuntechBloomberg - 457 words
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413 2011-12-21 13 Bloomberg [SYDNEY] Atec Rail Group Ltd is in talks with India’s GVK Group and Adani Enterprises Ltd to buy a stake in a proposed rail link in Australia’s Galilee Basin, where about US$32 billion of coal projects areBloomberg - 413 words
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313 2011-12-21 13 AFP [HONG KONG] Shares in the Macau unit of Las Vegas Sands rose yesterday after it was cleared by Hong Kong regulators following a nine-month probe, one of several investigations the casino giant is facing. Sands China said in late March that itAFP - 313 words
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Advertisement204 2011-12-21 13 Wine, Dine Hospitality Highlights Revel in the warmth of the season and share the festive excitement with friends and loved ones. Enjoy a diverse array of festive feasts at our award-winning restaurants and take home yuletide goodies from The Atrium Deli. Get your celebrations started by visiting panpacific.com/singapore/festive For further204 words
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WORLD
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595 2011-12-21 14 Analysts worry this raises risks for the financial system overall Reuters [FRANKFURT] International regulators’ efforts to strengthen the financial system by tightening bank rules may inadvertently serve to boost opportunities for unregulated or “shadow” financial players. That is because itReuters - 595 words
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Article, Illustration481 2011-12-21 14 Over 338,000 people in 13 provinces affected by the disaster Reuters [ILIGAN, Philippines] Philippine President Benigno Aquino yesterday declared a state of national calamity after flash floods and land slides caused by a typhoon swept through a southern region late last week, killing aboutReuters; AFP - 481 words
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Article, Illustration497 2011-12-21 14 Govt dilutes panel recommendation on raising extra capital Bloomberg [LONDON] HSBC Holdings, Europe’s largest bank by market value, may escape US$1.5 billion of additional costs after the government diluted plans requiring British lenders to raise extra loss-absorbing capital. Chancellor of the ExchequerBloomberg - 497 words
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454 2011-12-21 14 MPs attack handling of tax disputes, settlements reached Reuters [LONDON] Lawmakers yesterday attacked “cosy” relations between Britain’s tax authorities and large companies, saying they could cost the country millions of pounds. The inquiry by parliament’s Public Accounts Committee followed deals agreed betweenReuters - 454 words
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526 2011-12-21 14 Reuters [WASHINGTON] The Federal Reserve is expected to release this week a highly anticipated proposal for how it will oversee the largest US banks, a person familiar with the plan said on Monday. The proposal, which includes a group of rulesReuters - 526 words
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Article, Illustration696 2011-12-21 15 They are going public after being targeted by Occupy Wall Street demonstrators Reuters [NEW YORK] Jamie Dimon, the high-est-paid chief executive officer among the heads of the six biggest US banks, turned a question at an investors’ conference in New York this month intoReuters; PHOTOS: AFP - 696 words
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795 2011-12-21 15 Gone with the crisis year-end bashes by big Wall St players Low-key events new normal amid layoffs, low profits, public ire NYT [NEW YORK] Three years after the financial crisis, the Grinch still hovers over Wall Street. In the pre-crisis era, big banks were renowned for their extravagant holiday parties.NYT - 795 words
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630 2011-12-21 16 Europe driving investor sentiment despite forecasts of US growth Bloomberg [NEW YORK] For all the evidence that the US economy is expanding, the nation’s credit markets are unable to decouple from Europe as everything from junk bonds to interest rate swaps move increasinglyBloomberg - 630 words
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Article, Illustration556 2011-12-21 16 Move comes ahead of potential sale next year Reuters [LONDON] The London Metal Exchange has decided to create its own clearing service called LMEClear, it announced, a move traders say is designed to make the exchange more attractive ahead of a potential saleReuters; BLOOMBERG - 556 words
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Article, Illustration517 2011-12-21 16 Reuters [PARIS] President Nicolas Sarkozy is trying to accomplish a delicate public relations U-turn over France’s endangered AAA credit rating that could tarnish his credibility with voters just four months before a tough re-election fight. Lagging in the polls behind Francois Hollande,Reuters - 517 words
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475 2011-12-21 16 Reuters [NEW YORK] Since the financial crisis, money managers had flocked to high-paying dividend stocks, lured by one of the only bright spots in the volatile US equity market. Not anymore. Investors especially retirees and those close to retirement are desperateReuters - 475 words
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Article, Illustration634 2011-12-21 17 Major lenders back plan for new local investor, weakening Woodford’s backers Reuters [TOKYO] Michael Woodford, the ousted boss of Japan’s Olympus Corp, has won the battle to force his former employer to admit to more than a decade of accounting fraud. His bid toReuters; AFP - 634 words
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497 2011-12-21 17 Reuters [NEW YORK] The price of hard-to-find North Korean debt edged higher on Monday as some adventurous investors took a long-shot bet that the secretive country could open up after the death of Kim Jong-il. Obscure North Korean debt certificates, tiedReuters - 497 words
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354 2011-12-21 17 NYT [NEW YORK] The New York Times Co said on Monday that it was in advanced talks to sell 16 regional newspapers, another indication that the company was divesting itself of assets to concentrate on its core newspaper business. Halifax Media Holdings of Daytona Beach,NYT - 354 words
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388 2011-12-21 17 Bloomberg [SYDNEY] Santos Ltd, Australia’s third-biggest oil producer, and its partners may spend more than A$16 billion (S 21 billion) on coal-seam gas development in New South Wales state, a report released by the company shows. Santos and partners plan to invest A$1Bloomberg - 388 words
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445 2011-12-21 18 Building permits also jump to more than one-year high in November LATEST US DATA Bloomberg [WASHINGTON] Builders broke ground in November on more houses than at any time in the past 19 months, led by a surge in multi-fami-ly units, signalling the marketBloomberg - 445 words
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619 2011-12-21 18 Reuters [NEW YORK] AT&T has dropped its controversial US$39 billion bid for Deutsche Telekom’s US wireless unit, bowing to fierce regulatory opposition and leaving both companies scrambling for alternatives. Critics of the proposal said that it would eliminate an aggressive price competitor, drivingReuters - 619 words
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Article, Illustration511 2011-12-21 18 Reuters [BRUSSELS] Eurozone ministers agreed on Monday to boost IMF resources by 150 billion euros (S$255.55 billion) to ward off the debt crisis and won support for more money from EU allies, but it was unclear if the bloc would reach its 200Reuters - 511 words
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Article, Illustration497 2011-12-21 18 Reuters [MADRID] Short-term financing costs for eurozone struggler Spain more than halved yesterday as banks lapped up debt at an auction, with much of the purchasing power said to come from cut-rate money to be lent by the European Central Bank (ECB).Reuters; AP - 497 words
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384 2011-12-21 18 Bloomberg [LONDON] German business confidence unexpectedly rose for a second month in December as two economic institutes predicted Europe’s biggest economy will stave off the debt crisis and avoid a recession next year. The Ifo Institute’s business climate index, based on a survey ofBloomberg - 384 words
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Article, Illustration315 2011-12-21 18 UK auction house expects to get £150,000 for it AP [LONDON] A farewell letter written by British explorer Robert Falcon Scott when he realised that he would not survive his ill-fated expedition to the South Pole is to beAP; AFP - 315 words
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Advertisement2369 2011-12-21 15 >©' MAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices HISAKA HISAKA HOLDINGS LTD. Registration No. *****8585R (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 63 Sungei Kadut Loop, Hisaka Industrial Building, Singapore *****4 on2,369 words
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Advertisement636 2011-12-21 16 MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NCAP14 (SINGAPORE) PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****8347H Extract of the Minutes of an Extraordinary General Meeting of NCAP14 (SINGAPORE) PTE LTD signed by636 words
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Advertisement631 2011-12-21 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NCAP6 (SINGAPORE) PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****3417R Extract of the Minutes of an Extraordinary General Meeting of NCAP6 (SINGAPORE) PTE LTD signed by the Representative of the Holding Company pursuant to631 words
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Advertisement292 2011-12-21 16 IN THE MATTER OF THE COMPANIESACT CAP. 50 AND IN THE MATTER OF GREENLAND DEVELOPMENT PTE. LTD. Co. Reg. No. *****6080Z NOTICE OF SPECIALRESOLUTION FOR MEMBERS’VOLUNTARY WINDING-UP (pursuant to Section 290) At an extraordinary general meeting of the members of the above-named Company, duly convened and held at 408A Joo292 words
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Advertisement298 2011-12-21 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF VISTA DEVELOPMENT PTE. LTD. (Incorporated in Singapore) Co. Reg. No. *****1597N (the“Company”) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of Vista Development Pte. Ltd. (the “Company”) duly convened and held at 8298 words
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Page 17 Advertisements
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Advertisement363 2011-12-21 17 >©' BEATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 MTQ SUBSEA TECHNOLOGY PTE LTD Co. Reg. No. *****4113D (Incorporated In Singapore) MEMBERS'VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company convened and held on 15 December 2011, the following resolutions363 words
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Advertisement600 2011-12-21 17 o LINDETEVES-JACOBERG LIMITED Company Registration No: *****0172G (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the shareholders of Lindeteves-Jacoberg Limited (the "Company") will be held at 1 Raffles Boulevard, Suntec City, Meeting Room 320, Level 3, Suntec600 words
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Advertisement310 2011-12-21 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF INTERKOM ASIA PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****1892N Extract of the Minutes of an Extraordinary General Meeting of INTERKOM ASIA PTE LTD signed by the Representative of the Holding Company pursuant to310 words
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Advertisement737 2011-12-21 17 AS PIAL CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. I9700I030G) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of ASPIAL CORPORATION LIMITED (the "Company") will be held on 12 January 2012 at 10.00 a.m. at 55 Ubi Avenue I, #07-11,737 words
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TransportHUB
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1072 2011-12-21 19 DAVID HUGHES - Failures there will be but industry will be in better shape after downturn STRAIT TALK By DAVID HUGHES GIVEN the unremitting bad news that has been coming in from all directions over the past few weeks, it is a bit surprising to discover that overall1,072 words
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Article, Illustration869 2011-12-21 19 Bloomberg [LONDON] The biggest glut of crude tankers in a quarter century means at least another year of losses for Frontline Ltd and Overseas Shipholding Group as the shipping market suffers its worst rout since the mid1990s. Rates from Saudi Arabia to Japan,Bloomberg; BLOOMBERG - 869 words
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396 2011-12-21 19 Bloomberg [LONDON] Hire costs for the largest oil tankers hauling two million barrels of Persian Gulf crude to Asia advanced to the highest level in a week, as oil companies and traders prepared to book ships ahead of the holiday period. RatesBloomberg - 396 words
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Article274 2011-12-21 19 Reuters [DUBAI] Drydocks World, a unit of Dubai World, expects to complete its long-de-layed debt restructuring by the end of March 2012 and has not asked the Dubai government for financial support, its chairman said on Tuesday. The shipping firm is looking to extend debtReuters - 274 words
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Article278 2011-12-21 19 SGX '000 Nov 18 S$ +/-Vol CH Offshore unch unch 0 Chuan Hup Hldg 0.21 unch 50 Cosco Corp 0.92 -0.01 4748 CWT Ltd 1.02 -0.01 140 Ezra Hldgs 0.91 -0.01 2732 First Ship Lea 0.30 0.01 394 Freight Links 0.06 unch 135 Grand Banks unch unch 0278 words
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TRANSPORT HUB: AVIATION
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360 2011-12-21 20 VEN SREENIVASAN - Customers get one stop check-in and baggage transfer between the airlines By VEN SREENIVASAN [SINGAPORE] New York-hubbed discount carrier JetBlue Airways and Singapore Airlines (SIA) have signed an interline agreement that will enable each to feed customers into the other’s network. In the360 words
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393 2011-12-21 20 AP [KANSAS] Fears about the closure of Boeing Co’s Wichita plant resurfaced on Monday after a lawmaker’s comments that he had been told that modification work on Air Force refuelling tankers will be done in Washington state, but Boeing says that itsAP - 393 words
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Article, Illustration750 2011-12-21 20 Bloomberg [TOKYO] Lockheed Martin Corp won a contract from Japan to supply F-35 Joint Strike Fighters, the aircraft’s first win in a competitive tender. The US contractor will build 42 of the planes for Japan, Defence Minister Yasuo Ichikawa toldBloomberg; REUTERS - 750 words
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505 2011-12-21 20 Odyssey Air to use Bombardier CSeries for non-stop flights Reuters [PARIS] Bankers may be languishing in popularity polls but a new airline wants their business and is prepared to challenge British Airways for it once the financial crisis is over. A British venture calledReuters - 505 words
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Article, Illustration331 2011-12-21 20 Reuters [NEW DELHI] Cashstrapped Indian carrier Kingfisher Airlines has not deposited with the government most of the income tax that it deducted from its employees’ salaries for the last two fiscal years, a junior finance minister told lawmakers yesterday. Kingfisher has aboutReuters; AFP - 331 words
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TRANSPORT HUB: LAND
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Article, Illustration648 2011-12-21 21 SAMUEL EE - Despite the weak economy, tighter quota expected to have major impact By SAMUEL EE [SINGAPORE] COE premiums are expected to weaken slightly in today’s bidding exercise for certificates of entitlement the final tender for this year but most motor distributors believe 2012 will seeSource: LTA - 648 words
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Article, Illustration448 2011-12-21 21 SAMUEL EE - By SAMUEL EE [SINGAPORE] Toyota aims to be the leader in the hatchback segment with its new Prius C hybrid, with authorised distributor Borneo Motors Singapore (BMS) targeting conventional petrol models as its key competition. “We believe the new Prius C has all448 words
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Article, Illustration659 2011-12-21 21 NYT [DETROIT] Nissan inadvertently gained some valuable insight into the durability of its electric car, the Leaf, when about two dozen of them were destroyed in the tsunami that ravaged Japan in March. None of the cars caught fire, and their batteries remained fullyNYT; REUTERS - 659 words
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730 2011-12-21 21 Chinese investment deal scuppered by objections from GM NYT [NEW YORK] After months of trying to stay in business, the owner of Saab Automobile filed for bankruptcy on Monday when hopes of a life-saving investment from Chinese investors collapsedNYT - 730 words
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388 2011-12-21 21 AP [TOKYO] Georgia college student Kristy Williams was almost killed when a metal piece flew out of an air bag in her 2001 Honda Civic a traumatic accident her lawyer says might have been avoided had there been anAP - 388 words
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Page 20 Miscellaneous
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Miscellaneous297 2011-12-21 20 CRYPTIC CROSSWORD Across 1 Star part, so got in cast (11) 9 Second vehicle’s first in concrete discharge (7) 10 Owns openings around top of mine (6) 12 Student’s less fat eating recipe (7) 13 Left with irritation say, following inactivity (7) 14 Barrister secretly concealing brief (5) 15 Recoil297 words
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EDITORIAL & OPINION
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513 2011-12-21 22 EDITORIAL IT is clear that Beijing is holding its breath as Taiwan’s presidential race enters the final stretch. After having maintained a low profile since the campaign got under way in earnest about six months ago, China made its preference known last week. Yang513 words
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Article, Illustration878 2011-12-21 22 MARK DIXON - THE BOTTOM LINE MARK DIXON The writer is CEO of Regus, a provider of flexible workplace solutions BUSINESS is all about growth. If you don’t believe me, read any of the great economists, from Karl Marx to JM Keynes, Joseph Schumpeter878 words
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Article, Illustration939 2011-12-21 22 EZRA KLEIN - The latter spiralled into a corrupt and insane form of totalitarianism after the 1950 split By EZRA KLEIN WP SndbfATELLITE images of Asia at night are eerily beautiful, illuminated as they are by hundreds and thousands of bursts of light.WP; AP - 939 words
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Article, Illustration1832 2011-12-21 23 HUGO YOUNG - More important, it also witnessed the successful comeback of Gandhian-type non-violent campaigns By HUGO YOUNG REUTERS BREAKINGVIEWS THE most electrifying event of the year, for me, was the Egyptian revolution. I’d long had an interest in Gandhian-style struggles. Here was a non-violent struggle unfoldingREUTERS; AFP - 1,832 words
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Article, Illustration700 2011-12-21 23 EDMUND KEUNG, MICHAEL SHIH - By EDMUND KEUNG, MICHAEL SHIH Edmund Keung and Michael Shih are professors in the Department of Accounting, NUS Business School. They specialise in financial markets and capital markets. This commentary is based on a research project collaborated with Lin Zhi-Xing, PhD graduate of NUS,700 words
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SINGAPORE STOCKS
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Article7707 2011-12-21 24 Transaction date: Dec 20 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 5.1 15 7.8 3.9 3.2 74.2 9.5 4.1 A-Sonic 4.5 4.1 5 2.9 1.7 32.2 657,707 words
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Article1543 2011-12-21 25 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 12.6 +0.4 50 12.6 12.6 12.6 13 4.7 4.4 4.9 22.5 5.5 2.5 t AA Grp 3.3 2.7 3.11,543 words
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Article9967 2011-12-21 25 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.14/ APS Alpha Fund (USD)!** 0.87/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.56/ Aberdeen Asset Mgt Asia Limited American Opp 0.6159/ Asian Local Ccy9,967 words
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Article244 2011-12-21 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 55.5 34 AVJennings A35.5 36 39.5 3.6 9.9 2.8 92.4 49 25.5 Genting HK US$ US26 unch 1949 26.5 26 26 26.5 1712 15 10 OGL Resources244 words
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Article882 2011-12-21 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 109.5 ABF SG Bond ETF 122 -0.9 2 122 122 115.5 117 556.9 1261 856 CIMBAsean40 100US$ US940 -8 11 942 937 933 941 37.6882 words
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FINANCE & COMMODITIES
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373 2011-12-21 26 In local curr In S$ In US$ dy yr dy yr dy yr Dec 19 Index Change Change Change Change Change Change World Preliminary 801.3 -0.6 -10.7 -0.4 -9.3 -0.7 -11.1 EAFE Preliminary 660.8 -0.5 -17.5 -0.4 -16.3 -0.7 -17.9 Europe Preliminary 983.5 -0.1 -15.8373 words
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Article77 2011-12-21 26 CRUDE OIL PRODUCTS Dec 19 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 103.62 -0.13 WTI (Near Mth) 93.70 -0.40 Dubai (1-Mth F) 101.12 0.18 Tapis blend 112.24 0.41 Minas 110.14 0.41 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 96.06 0.50 Jet Kerosene 118.20 -1.57 US$/barrel Opec Oil77 words
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Article157 2011-12-21 26 Dec 20 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jan 12 327.3 327.3 331.0 17 308 Feb 12 336.2 217 Mar 12 340.1 340.0 341.0 8 320 Apr 12 347.0 129 May 12 345.7 345.7 350.0 4157 words
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Article107 2011-12-21 26 Dec 19 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 12 1137.00 1130.00 1148.75 1131.75 Mar 12 1146.75 1139.50 1158.25 1141.50 May 12 1157.25 1150.25 1168.25 1153.00 Jul 12 1167.25 1159.75 1177.75 1162.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 12 49.05107 words
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Article77 2011-12-21 26 Dec 20 Dec 20 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 22.03.2012 0.35 0.33 0.32 1-Year BY*****W 01.11.2012 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 102.91 5-Year N*****0W 1.125 01.04.2016 102.1677 words
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Article451 2011-12-21 26 Dec 20 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.3400 0 2850 Jun12 99.2750 0 804 Sep12 99.2400 0 301 Dec12 99.2200 0 506 EUROYEN TIBOR FUTURES Mar12 99.6950 99.6950 99.6650 99.6625 1 2094 Jun12 99.6650 0 1440 Sep12 99.6600 0 711 Dec12 99.6650 0451 words
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Article, Illustration114 2011-12-21 26 As on 19 December 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METALS GOLD FUT FEB2012 1610.60 1588.80 1596.40 125 CURRENCY AUD-USD FUT MAR2012 .9869 .9803 .9822 2092 EUR-USD FUT MAR2012 1.3054 1.2996 1.3019 6302 USD-JPY FUT MAR2012 77.96 77.70 77.79 2468 BASE METAL114 words
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Article71 2011-12-21 26 Dec 19 Dec 19 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1947.75 1996.00 3 months 1962.00 2004.00 Copper, Grade A (US$/tonne) Cash 7243.25 7328.75 3 months 7260.00 7345.00 Lead (US$/tonne) Cash 1917.75 1944.25 3 months 1937.00 1960.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article26 2011-12-21 26 Dec 20 Open High Sett STI Dec 2631 2631 2615 SIMSCI Dec 299.7 300.8 298.5 Taiwan Dec 238.5 240.7 239.5 Source: SGX Derivatives26 words
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2077 2011-12-21 26 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 24 33.00 2 AlliedTech W*****2 1.7 1 4 23 Aztech Grp W*****3 0.2 1 20 1242,077 words
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Article82 2011-12-21 26 Dec 19 COCOA (£/tonne) Close Prev High/Low Mar 12 1343 1369 1379/1340 May 12 1362 1387 1391/1359 Jul 12 1378 1404 1409/1376 Sep 12 1392 1418 1422/1389 COFFEE (US$/tonne) Close Prev High/Low Jan 12 1834 1853 1874/1846 Mar 12 1878 1897 1915/1890 May 12 1913 1931 1950/1925 Jul 1282 words
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Article464 2011-12-21 26 Dec 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.031 6.309 0.764 7.739 52.735 90.784 0.775 11.579 3.168 1.309 89.342 43.622 1.300 8.302 0.932 30.170 31.143 0.640 0.994 Canada 0.970 6.120464 words
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Article82 2011-12-21 26 Dec 20 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths82 words
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Article140 2011-12-21 26 GOLD (US$/oz) Dec 20 Dec 19 Hong Kong 1606.00 1600.00 Dec 19 Dec 16 London 1592.14 1593.56 1593.86 1594.33 Source: Thomson Reuters Source: Reuters CAST BAR Dec 20 (S$) Selling Buying Kilobar 72,373.73 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 162 67 5gm 460 337 10gm 822140 words
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Article57 2011-12-21 26 Dec 20 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 12 3020.0 3020.0 3020.0 3002.0 414 4319 Feb 12 3006.0 3021.0 3022.0 3000.0 3334 ***** Mar 12 3005.0 3020.0 3020.0 2997.0 9098 ***** Apr 12 3004.0 3011.057 words
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Article22 2011-12-21 26 Dec 20 S$ Bid Offer 1-month 1.3071 1.3082 2-months 1.3071 1.3082 3-months 1.3069 1.3080 6-months 1.3054 1.3066 Source: OCBC22 words
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Article154 2011-12-21 26 Dec 20 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2993 1.3009 0.9941 0.9946 Canadian dollar 1.2604 1.2622 0.9643 0.9650 Euro 1.7005 1.7021 1.3011 1.3013 NZ dollar 0.9921 0.9937 0.7591 0.7597 Sterling pound 2.0313 2.0334 1.5542 1.5546154 words
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Article121 2011-12-21 26 As at 9am Dec 20 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.326 1.263 Can dollar 1.283 1.234 Euro 1.732 1.666 Sterling pound 2.066 1.987 NZ dollar 1.016 0.968 US dollar 1.328 1.277 Local dollars to 100 units of foreign121 words
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Article161 2011-12-21 26 Dec 20 $S Offer Bid 0vernight 0.05 0.03 1-month 5/16 3/16 2-months 5/16 3/16 3-months 5/16 3/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.30 0.20 1 month 0.45 0.25 2 months 0.55 0.35 3 months 0.70 0.50 6 months 0.95 0.75 9 months 1.15 0.95 12161 words
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4560 2011-12-21 27 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 Destination4,560 words
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Page 27 Advertisements
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Advertisement61 2011-12-21 27 Sea Trucks Group Sea Trucks Group are looking at purchasing 2 Nos. cargo steel barges of 60 metres length for unrestricted service, IACS certification and not more than 5 years old, ex Singapore/ Batam. Prospective sellers can send their offer with specs and GA to renetoh@seatrucksgroup.com. Experienced shfp maintenance services61 words
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Advertisement11 2011-12-21 27 To All Shipping Advertisers: Please call Joe Wong at 9620 132711 words
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Page 28 Advertisements
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Advertisement132 2011-12-21 28 Shipping lines seeking reliable logistics partners R rgently n cl d b>y shippers TO ADVERTISE, JOE WONG AT 9620 1 1 Can they -Find your services Here in the Shipping Times? THE BUSINESS TIMES SHIPPING TIMES AN EFFECTIVE PLATFORM We were seeking an effective platform to showcase the Completion and132 words
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Page 29 Advertisements
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Advertisement511 2011-12-21 29 s Gold Commodities FX Crosses FX A Options Bonds ETCs CFDs *&&sk?KCFDs -V s Bonds FX Commodities FX se^t\0^cv° c <rKCrosses FX Options Gold FX Stocks ETFs ETCs s Futures FX CFDs <z$? c o T% T F s Futures FX CFDs Stocks ETFs Bonds FX Stocks —i -j- Futures511 words
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Advertisement497 2011-12-21 30 In an industry with many accolades, we get the ones that matter recently CitiFX Pro received a major industry award from FX Week. CitiFX Pro is designed for qualified experienced individual traders and small to mid-sized institutions. Trading with CitiFX Pro means you have a direct relationship with a leading497 words
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Page 31 Advertisements
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Advertisement173 2011-12-21 31 WORKING TOWARDS ONE GOAL: YOURS PRIVATE BANKING Your private banker works closely with a team of dedicated industry experts developing appropriate solutions to help you manage your wealth and meet your personal objectives. www.privatebanking .societegenerale.asia Societe Generale Private Banking is a part of Societe Generale, Société Anonyme registered in 29173 words
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executive Money
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Article, Illustration1140 2011-12-21 32 TEH HOOI LING - Be it market integrity, economic performance or employment prospects, CFA survey paints a picture of pessimism for the next year, reports TEH HOOI LING ALL’S not well with the world of finance. Pessimism permeates almost all areas from the industry’s perception of itself,AP - 1,140 words
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Article, Illustration1139 2011-12-21 29 ANDREW ROSS SORKIN - Pre-IPO investments and underwriter roles raise questions despite disclosures By ANDREW ROSS SORKIN NYT THERE was a lot of back slapping at Morgan Stanley when Zynga went public last Friday. But it should hold the self-congratulatory applause. Morgan Stanley scored the covetedNYT; AP - 1,139 words
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Article, Illustration716 2011-12-21 30 Most are limiting their exposure to no more than 5% of their portfolio Reuters [NEW YORK] Gold investors who pared their positions several months ago should hang tight after last week’s rout, despite signs that the precious metal has lostReuters; REUTERS - 716 words
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794 2011-12-21 30 JONATHAN BERK - By JONATHAN BERK Bloomberg ANY discussion of financial regulation and its chronic failures should start with a simple, jarring truth: It’s impossible to outregulate a banker. Each crisis in the financial sector brings calls for new rules, which take hold after muchBloomberg - 794 words
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Page 32 Advertisements
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Advertisement110 2011-12-21 32 TREND MICRO IS #1 IN VIRTUALIZATION SECURITY* NAVIGATE YOUR BUSINESS TO NEW HEIGHTS WITH CLOUD SECURITY SOLUTIONS FROM TREND MICRO Trend Micro allows you to fully capitalize on the operational benefits of virtualization and cloud computing with innovative solutions for security and compliance. These include the first and only agentless110 words
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